diff --git "a/reddit_finance_43_250k_446.txt" "b/reddit_finance_43_250k_446.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_446.txt" @@ -0,0 +1,10000 @@ + +• Twitter (NYSE:TWTR) is 11% lower in early postmarket trading after first-quarter earnings showed a beat on profitability, but revenues and user numbers that were in line with expectations - a tough sell in a quarter of tech earnings blowouts. + +• The company also offered subdued Q2 revenue guidance in line with expectations. + +• Revenues rose 29% to $1.04B, largely as expected. + +• Those gains reflected "accelerating year-over-year growth in MAP revenue and brand advertising that improved throughout the quarter," says Chief Financial Officer Ned Segal. "Advertisers continue to benefit from updated ad formats, improved measurement, and new brand safety controls, contributing to 32% year-over-year growth in ad revenue in Q1." + +• And monetizable daily active users grew about 20% to 199M, vs. expectations that the company would hit the 200M mark this quarter. That figure was up 7M sequentially. + +• Average U.S. mDAU came to 38M, vs 33M a year ago; international mDAU were 162M, vs a previous 133M. + +• Costs and expenses rose just 21% to $984M, and so operating income swung to a gain of $52M vs. a year-ago loss of $7M. Operating margin was 5%. + +• And net income swung to a gain of $68M, vs. a year-ago loss of $8M. + +• Net cash from operations rose to $390M from a prior-year $247M. + +• For Q2, it's guiding to revenue of $980M-$1.08B (vs. consensus for $1.05B), and a GAAP operating loss of $170M to $120M. +I worked for a roofing contractor this last summer doing sales and getting paid on commission. My first job I sold my boss paid me 50% of what he owed me when we started the job and said he will pay me the other 50% when the job was finshed. I signed the job in June and have gotten paid on other jobs since then but he still owes me $500. I no longer sell for him because I am school and I need to get paid. + +I have multiple text messages of him confirming he owes me $500, he however has my employment contract. + +What can I do? Who do I report this too? +Hey gang, happy Saturday! + +So... I'm self employed and have 3 sources of income, all from the same place of work; a (now closed indefinitely) micro-gym. + +Income as follows: + +* £2200 per calendar month for carrying out a set amount of work each month (opening/closing, answering emails, doing the donkey work) +* £6-800 for extras - PT clients who pay the facility and the facility pays me, etc +* £2-400 for PT clients who pay me (cash) and I rent my space from the facility. + +My income is therefore quiet variable month to month. + +My questions are as follows: + +* The conference said last night that the government will cover up to 80% of my wages, but would this include the second bullet point of income as detailed above? +* Is there a case for me to argue that it should? +* How would the government figure out how much I earned? +* If I was to offer myself to a local supermarket (they're under pressure) would this mean that I'd be kissing good-bye to my government-backed wages from my self employment? +* Mortgage holidays - 3 month break? Would this have a negative impact on my credit score? would this just extend the term of my mortgage, or the 3 months be split over the remaining payments? I am fortunate to have been offered financial support from both of my (separated) parents. +* Housing association rent (I live in a shared ownership) they (at times) seem reasonable - I'm with Clarion Housing. Is this worth an investigation? + +On a more positive note, I do have 4/6 weeks of expenses sat in the back right now as a result of finding this forum - so my thanks to you all, this forum is worth its weight in gold!! + +Thank you all. +I am from Las Vegas and was previously a Sen. Financial Analyst at one of the major casino groups. Macau has been hit tremendously in the past year due to stricter VIP money restrictions and poor junket performance. Basically - the wealthy aren't gambling anymore. + +Add on the potential economic crash in Chinese markets, currency devaluation, and potential housing market crash and it would spell more disaster for Macau. WYNN, LVS (Venetian), and MGM all have substantial exposure to China. Not only that, but two of them are opening new mega-casinos in the near future costing in excess of $4bn *each*. + +City Center for MGM is the last time a casino cost that much and it was at the peak of the financial boom in the 2000s. The debt on their sheets was catastrophic and still exists there today. These casino groups about to open new resorts will suffer catastrophic losses in value if the Chinese housing market busts or stocks crash. + +So, the logical move (to me) is shorting the casinos most likely to take a hit. WYNN has the highest revenue exposure and is opening one of the mega-casinos. They are on top of my list. + +Next would be MGM, who has the lowest exposure to China, but in habit of making the same mistakes their wise executives are about to open a megacasino there too late again. How much debt can the company incur before imploding? *If* China's markets crash, MGM will have debt on their balance sheets that total two full years of Las Vegas's entire gaming revenue. Not their own, not income.... total revenue. They aren't *that* profitable, especially if Asian high rollers continue to stay home. + +Venetian is also widely exposed to Macau's health. It's a worthy short as well. Venetian and Wynn aren't as diversified as MGM either, so trouble in China will be a bigger issue. + +Thoughts? My biggest issue is that I'm a complete novice with shorting a stock. I understand the concept but have never performed one. My Ameritrade account seems limited in shorting features as well. + +EDIT: Thanks for the input all. I will look over other options that are less risky than an outright short. +As of today, 8-23-22, the GMERICA trademark has received its Notice of Allowance, giving it approval for the trademark to go through. + +https://uspto.report/TM/90897211 + +The next step from the Notice of Allowance approval is filing a Statement if Use to prove that the trademark of being used in commerce. If a company is not currently using the trademark in commerce, they can file for an extension up to 6 months. + +There is a possibility that we will be seeing new products or potential news regarding GMERICA coming very soon. +# [DRS AND VOTING MEGATHREAD](https://www.reddit.com/r/Superstonk/comments/ue6jm0/computershare_voting_megathreads/) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + + +We are down to the final 2. This poll will run for 24 hours and we should hopefully have the new banner up by market open if the artists can get source files to us in time. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +[Bracket 1 Winner](https://www.reddit.com/r/Superstonk/comments/uzpmjd/banner_contest_bracket_1_poll_dont_upvote_just/) is u/boltflower with the rplace graphic + +https://preview.redd.it/oi2bb0bw4m291.png?width=2750&format=png&auto=webp&s=191a1d1867cec1d0883703bccf7db5a4587f94d6 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +[Bracket 2 Winner](https://new.reddit.com/r/Superstonk/comments/uzpn58/banner_contest_bracket_2_poll_dont_upvote_just/) is u/FartinLutherKing with the Power to the Shareholders graphic + +https://preview.redd.it/to3zcwvh6m291.jpg?width=11050&format=pjpg&auto=webp&s=336d1f66a85d2f2bd9e3ce196e910c291c2b6c3d + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Please cast your vote below for the final decision + +[View Poll](https://www.reddit.com/poll/v105e4) +If mods need proof I'll be happy to prove my degree in media production. 🙈 + +TLDR; The media not covering a huge subject like this means they are in the pocket of someone else. Aaand HOODL 🚀🚀🙈 + +Imagine your the owner of a news network, magazine, online news source or whatever media company you work for and you have a HUUUUGE story about Gamestop, AMC and the corruption of Wallstreet. + +Well then lets publish it! + +The higherups come in say "No you can't do that you banana eating retard, we are on the payroll of XXX and they are owned by XXXX, publish it then we take it down, you get fired and thats it" + +The media and journalists all over the world only care about a couple things (not saying every single one but the majority) + +The first thing are viewers, readers or clicks on an online article. Soo basically you have a story that the whole world would love to know about but your not publishing it EVEN though you would make a ton of money for being one of the first to publish it. + +So the second thing is mooooneeey. Everybody loves money, I do you do, the world is a fucking zoo. + +All in all. If the media don't publish a huge story that would generate a shit ton of traffic, well, you already no why... + +. So basically: traffic=money(advertisements) +viewers=money + +They are getting paid a lot more money from a third party or their parent company just said "fuck off can't publish orders from higher up" + +That being said the media not covering a huge subject that can generate a shit ton of traffic + they can just go on Reddit and get all the fuckin tidbits of information they need just confirms my bias that WE ARE GOING TO THE FUCKIN MOON BOIS 🚀🚀🚀 + +There are no unbiased news sources, at least on televison. Everybody needs to get paid and an agenda to fill. They don't choose what to cover. The higher ups decide what to do. + +Have a beautiful day apes. Love you all 🚀🚀🙈❤️ +What happens to call options with expiry in January 2023, for example, + if the company gets bought out and absorbed into the larger company before then? +- Our minds are not trained to handle small fractional numbers, so when you read a price like "0.0172 BTC", I have to count zero's and do arithmetic to make sense of that number. 17.2 mBTC is so much easier to understand and compare. As a test, go ahead and say the number 15441. You will have no problems. Now say 0.0015441. Good luck! +- $16000 is a lot of money. Of course its not rational, but as a price for bitcoin, such a high number scares people, as they consider $1 or €1 as a baseline and no other currency is denominated remotely like it. mBTC makes it seem more accessible. +- You wouldnt believe how many people dont realize bitcoin is divisible and think its like a share, and you cant buy fractions. Using mBTC helps clear up at least this misconception. + + +Edit: reading the comments, I think we may need another hardfork :p +Was just watching an auction. Started off with no bids real quick. Auctioneer trying to get anyone but no one wanted to start. She tries to start the bidding at 2.5m but still no takers. + +She then proceeds to say “just to let you know that the vendor bid is 2.4m. Any offers?” + +Still not much until someone says 2.5m. They then proceed to pause the auction for about 20mins for negotiations . Then it starts again and she says “I can now confirm the highest bid is now 2.6m and officially on the market” (the 2.6 was the first person who offered 2.5) + +Shouldn’t it been on market at 2.5 considering the 2.4 vendor bid? Can the vendor change their bid after disclosing the first bid? +I'm trying to rent an apartment for the upcoming year and encountered a craigslist scam that is slightly more ambitious than the typical "take your deposit and run" variety. Here is the body of the email: + +This is to acknowledge the receipt of your completed application form for \[the relevant address\]. The unit will be available to move in as from January 01 2020 because it is currently occupied. **Our next open house is scheduled for 15th of December 2019 by 12 NOON at the property address.** + +Nevertheless; if you are really interested in the apartment, you can reserve the property by signing the lease contract agreement and make a refundable holding deposit to the landlord so as to secure the apartment prior to your intended move in date. Please note that signing the lease contract and making a deposit only secure the apartment, but it does not tie you down to the contract if you have any objection after viewing. + +**The refundable holding deposit is the first month rent plus security damage deposit. This will automatically serves as your rent payment after you view and certify the unit** + +**Additional discount for upfront payment:**    + + \-6 months lease payment attract discount of 10% of the total rent which now amount to $9,720 with a security deposit of $1,500. -A year lease payment attract 20% discount of the total rent which now amount to $17,280 with a security deposit of $1,500 + +A clause in the lease contract agreement clearly states that your total payment will be refunded within 24 hours in a situation whereby you do not like/want the apartment upon your viewing date/move-in date. **Advantages of making a refundable deposit are:** \-  It guarantees that the apartment is yours if you like it after viewing.- The lease contract agreement protect your deposit for refund within 24 hours should you have a change of mind towards the apartment from the time of your viewing.- It also hold the property down for you prior to your viewing schedule. + +\~\~\~\~\~\~\~\~\~\~ + +The TLDR is that they wanted me to make a YEAR of rent payments up front for a 20% discount on the total rent before even looking at the apartment. Very ambitious for a scammer, very devastating for anybody who falls for it. +So now I am thinking about throwing $10 at LUNA, and buy 50k tokens, ofcourse it is going to be a gamble. + +I think people should take this risk, and throw $10 at LuNA and treat it as a lottery ticket, if the prices recovers then it would be good., if not then what it will cost $10,the risk and reward ratio seems quite good right now. + + +Like the price is already at the bottom, I don't think there is any bottom lower than that. Even there is then it's worth the risk. + + +So I am looking for what are the other things could go wrong in this trade? +Diamonds are the original shitcoin. Nobody knows where they come from, what they’re worth, and they’re all pre-mined. Cartel companies encourage you to hodl for a lifetime- they insist “a diamond is forever”. Every engagement ring makes the buyer a bagholder. And there is no exchange to sell them on- if you’re lucky enough to find a buyer, you lose*(from loose) half the value immediately. Plus, they have had 75 years of advertising shilling for them, in every facet of popular culture. + +Furthermore, diamonds have been complicit in government coups, humanitarian violence, child slavery, and ecological & environmental disaster. The movie “Blood Diamond” and the song “Diamonds from Sierra Leone” are good examples of the turmoil created by the diamond industry. +If you’d prefer to hang on to your capital and use a factory made diamond backed by your investment, check out https://ouroborostoken.com/ + + +I’ve been listening to a lot of M Saylor recently. + +Unless a pension fund is growing at least 7% a year, likely closer to 20% these days, anything I put in a pension is losing money. Right? + +I have at least 30 years of pension contributions left to make and, as it stands, my pension projections are weak. Im in the UK and it looks like I’ll be able to retire at 68 if I’m lucky and get to budget for the rest of my life. + +At least if I invest in Bitcoin it won’t devalue. Am I missing something? Even at a low rate of inflation my pension will devalue by like 90% in 30 years. +It was the time when I first discovered mining and crypto currencies I guess. I had some ETH which I paid 180-200 USD per ETH. Although we have seen ATH, I haven't sold anything and still keeping the ETH. + +I just wanted to ask, how many of you are still hodling after all these things? And for how long you have been hodling? +He's seen me mine Bitcoin with 8 Radeon HD5850s and turn our computer room into a dry sauna. He wasn't buying it. + +He's seen me make a fortune and lose most of it in the BTC crash of 2013 and crash in ASICMINER share prices. He wasn't buying it. + +He's seen me promise to invest £50/month into Bitcoin when it was ~$2-3 and then 'never get around to it'. He wasn't buying it. + +I tried to get him to understand the possibilities of that technology for years. He wasn't buying it. + +In the last year, he's seen me start back up with mining Ethereum and invest a small amount of money which has 10x'd in the past 6 months. He wasn't buying it. + +My brother and his girlfriend have invested. A couple of friends have invested. And now, after seeing that I'm not the only person investing and just after a run to $130, my normie father has wearily put $400 into this new technology. + +The normies are coming. + + +Do you think [$ETH](https://twitter.com/search?q=%24ETH&src=cashtag_click) will re-take $2,000 before the [Ethereum Merge](https://twitter.com/hashtag/EthereumMerge?src=hashtag_click) ? + +Come here to vote in this poll! + +https://twitter.com/Piggy\_cards/status/1561080334057238528?s=20&t=nhKacwhQv25MTbw01qBgHQ +Some of us have already had their concerns. Recently some people have started to post links to some articles, which first lead to Google Docs and then to the real link. Is this some kind of potential security threat or just overreacting panic? If we are logged in with our accounts, can the person see, who has clicked on the google doc? Maybe I'm being paranoid, but I'd definitely like to hear the opinion of others in here ... +How is the price not $5 or lower after the emotional rollercoaster suffered as a result from all these fuck-ups?! It's a miracle. For me, this is a mega bullish sign. I cannot imagine how high the price will be if ETH has a run of good things happening. + +Let me try summarize all the bad things that happened to ETH in such a short amount of time*: + +- DAO hack where a lot of money got stolen + +- Community split over a solution + +- Soft fork announced, then later cancelled because of DDOS danger + +- Risky hard fork announced, which breaks immutability + +- Hard fork code taking very long to complete, with uncertainty growing the longer it takes + +- Poloniex shadow addition of ETC + +- Many Bitcoin trolls, later ETC trolls + +- Confusing replay attacks for users of both chains (and many users not being able to access their ETC) as a result of a poorly prepared hard fork + +- Did I forget something? I will update the thread if I did. + +*Of course, ETH also had some good news during this period: + +- The addition of CoinBase +- 'Successful' hard fork +First, don't debate me on whether paid PR manipulation exists or not. Of course it does, as has been proved many times before. I've even received offers to become a paid troll myself. No thanks to any recruiters who are reading this. + +Not only do private companies engage in it, but governments engage in it too. We have even seen their playbook, which includes tactics such as disrupting conversation and consensus by any means necessary (personal insults are a great way to do this), soft trolling (appearing to be a supporter while also sowing as much doubt as possible), and a handful of other tricks and tactics. + +They're not even hiding it either. We don't have multi-year accounts doing this shit, it's predominantly accounts that are a few months old with about 100 comment karma and only a handful of link karma. Case in point: /u/datcointho who got over 300 upvotes on a recent troll topic. + +Since I have become an outspoken bitcoin supporter, a legion of trolls has been following me around Reddit, trying to make up false details of my personal life (that my wife left me or I'm 5'2"... When neither of those is remotely true, and so what if they were) and attacking all my posts relentlessly. They engage in character assassination as a detterent, hoping you will give up or at least engage them... Anything so that your attention is diverted from the target asset. Any comment I see made about a positive future for bitcoin is met with downvotes, skepticism, and sometimes outright hostility. + +This is a problem. + +Is there no solution? A private bitcoin board would be nice, but I'm worried about them succeeding in exactly what they want: promoting fear and scaring off new users. Showing that only idiots and fools use bitcoin. **Discrediting the asset that scares them so badly.** (Or more accurately, discrediting the asset that their employers are scared of) + +The bitcoin subreddit should be a bastion that welcomes new users, not a hive of negativity. Has it always been this way? What happens to the trolls when the price hits it's next leg up? Or do they just troll harder? + +This problem will not go away. It will only get worse. Mods, do you have any ideas or a plan? Because at the moment, the trolls are succeeding in downvoting any relevant and solid topics and promoting only those that serve to discredit bitcoin. They are harassing users, and interfering with any actual discussion (their intended goal). As long as the community is not able to discuss bitcoin productively and maintain a positive attitude, they will count themselves successful. +Mint no longer reliably tracks the spending on my most used CC, my Paypal mastercard. This severely hobbles Mint's usefulness to me. Tech support has "fixed" it but the fix never takes. + +Has anybody used Yahoo's [My Money](https://money.yahoo.com/my-money/)? Does it adequately track transactions? (Yes, I know I'm giving Yahoo a shitton of data.) + +If you use Personal Capital, how bad is the investment cold calling? + +YNAB is not a contender. I don't do a traditional budget. I track spending. + +GNUCash or a spreadsheet are not contenders. (a) I track spending (b) The point is to not have to do all the tedious hand-editing. I want something automated. + +If you have a 3rd alternative that is web-based? Suggest it! (I don't want special software or an app on my phone.) + +ETA: I have, for now, fixed the problem by deleting paypal from mint and replacing it with the paypal credit card and crypto option. But I am still going to explore the options you suggested. + +Something about Credit Suisse news saturation is poking at me and I could use a hand understanding what I don't understand, please. + +What is Credit Suisse distracting us from? It's been saturating Superstonk for 4 days. There's been no weekend FUD. The media isn't really speaking on gamestop the last 4 days. + +The corporate media is not trying to warn us or help us or keep us informed. + +What's being overlooked? Apes, can you help? Whether CS pops tomorrow or not, I think there is a reason our attention is being drawn to it and I am having trouble sussing it out on my own. + +ETA: CLARIFICATION + +I am not asking what is happening with Credit Suisse, nor am i doubting that Credit Suisse is about to eat shit and be one of a series of dominoes. + +I am asking, in addition to that, what is happening on a global scale that we are not supposed to notice while all our attention is focused on Credit Suisse? Is it something with another bank, a hedge fund, a nation's economy, war, resources, supply chain, etc.? + +The Credit Suisse DD is true and coming to fruition as the DD prophecy foretold. It's everywhere and ubiquitous. What else globally is being overlooked currently? +Title says it! Some may say not the best job, but it's 40 hours, 1300$ a month take home pay that my girlfriend and I didn't have in our budget before. + +&#x200B; + +Been having serious work trouble because of bipolar depression for the last year. Lost my car, racked up 5-6k of credit card debt while I was unemployed and honestly life has been rough. Not many jobs available in my small town area and no vehicle made it tough. + +&#x200B; + +Flipping burgers and salting fries sounds a hell of a lot better than constant visiting food banks and the brink of homelessness i've been living in for a year. + +&#x200B; + +Whatever you may be going through or browsing for on this sub, I hope things start looking up! + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; +Just 25 mins ago El Salvador president Nayib Bukele announced he bought another 500 coins at $30,774. + +[Source: Twitter](https://preview.redd.it/pp097yit6iy81.png?width=741&format=png&auto=webp&s=5833f945a43c66bc9bfdedd2652321fc2bdb4366) + +Somebody made a website to show the purchase history and it looks like they are down 33%: + +&#x200B; + +[nayibtracker.com](https://preview.redd.it/bdbn02x57iy81.png?width=1624&format=png&auto=webp&s=f2d38ea116bc832d36a80b791f0a895642654fde) + +Even if this is the lowest purchase so far, it's already gone down: + +[nayibtracker.com](https://preview.redd.it/uzq4bgtc7iy81.png?width=1512&format=png&auto=webp&s=21bbfd6a729530bf56180075a13649d595ff6a24) + +Bitcoin current price is $30,642. El Saldavor's DCA average is $45,908.42. + +And looks like the experiment hasn't gone well lately. A study by a U.S.-based think tank, the National Bureau of Economic Research (NBER), said only 20% of Salvadorans have continued to use the nationally issued and technically flawed digital wallet needed to spend bitcoin. + +[Source: Paymnts.com](https://preview.redd.it/bkt0zvkw7iy81.png?width=1888&format=png&auto=webp&s=a739309610e67d3fc16b7f764a75fdbab923e3bc) + +What's the future hold? + +What do you think of this situation? +Have any of you talked with your parents (or siblings) about their retirement planning? I’m thinking of family members who might start looking your way if they’re short of cash in retirement. If so, what did you say and how was it received? If they opened up, were you surprised by their real financial situation? + +If you don’t talk with them and they find themselves “suddenly poor” when they retire (by choice or by circumstance), what are your plans? Do you think it’s better to bring this up while there’s still time for them to do something about it, and risk them being upset that you did, or do you think it’s better to wait and deal with the potential fallout later? + +I’m amazed that some of my late-fifties/early-sixties friends haven’t done basic retirement math to understand if they’re OK. A couple make six figures and spend like they’re set for life, but aren’t close to financially ready to retire. I feel for their kids – they have every reason to expect that Mom and Dad will be OK, and will have some hard decisions to make and/or boundaries to set when they’re not. + +My parents are fine, but I have a sibling who probably isn’t (and who could reduce spending a lot if it were a priority). I’m not sure what to do with that one. +So, I’m going to start this post by saying that I understand that not everyone can join the military. Also, I understand that some people have ideological issues. I’m just going to tell my story. + +So, I’m 25 years old and this year I’m going to make 70k. In 2021, I will make a little over 80k. I have zero student loan debt. + +How did I get here? + +I, like many other 17/18 year olds, was trying to figure out how I was supposed to pay for college. I visited a school that I could afford after some academic scholarships. There I met with the ROTC department. They awarded me a 4 year 100% tuition scholarship. Additionally, I received a book stipend and a small, $250-400 a month, stipend for living expenses. This allowed me to leave college without any debt. Yes it changed my college experience. I had to workout 3 mornings a week and take an ROTC class. I had to wear a uniform on Tuesdays and Thursdays. I had to be a little more careful about what parties I went to. But generally, I had a pretty great college experience at a pretty average state school. + +When I graduated, I became an active duty army officer. A Second Lieutenant. A brand new officer will make 50k minimum and potentially more depending on where they are stationed, because of a location based housing allowance. I was lucky enough to spend 2 years of my young adult life in Europe. I was able to travel every long weekend and I saw things that I could’ve never imagined if I were talking to my 15 year old self. + +Now you may say college isn’t for everyone. And you’re right. But enlisting is still a great option for people facing poverty. A single person who joins the military with no type of rank or experience will enter as a Private. A brand new private will make 24k a year. That person has 100% of their living expenses taken care of. A room that is essentially a dorm and a dining facility provides all meals. If you have a family, then you’re looking at a minimum of 36k a year, but none of those living expenses are provided, you will have to find them yourself. Additionally, people do not stay privates for very long. Within 4 years, that single enlisted person will be making 32k a year with all living expenses still provided and a enlisted person with a family would be making a minimum of 45k. + +As for additional benefits, after someone’s initial contract they can choose to stay in the military or leave. If someone has spent 3 years in the military then they receive the GI Bill, and that enlisted soldier can go to college for free, or heavily discounted if it is a very expensive school. And, military training often gets up to 30 credit hours, so you’ll graduate college in 3 years. Also, Tricare really is excellent health insurance. For those with family members, a person pays almost nothing for their family’s healthcare. In fact, I’ve met people who have continued military service for this benefit alone. + +Overall, it’s not perfect, and your experience will vary wildly between the branch and job you choose, but it’s worth taking into consideration. + +TL;DR: The military isn’t for everyone, but it can be a great resource to escape poverty. +$BBBY is still on reg sho right? and is listed as being shorted 102%. The announcement an hour ago stated that $BBBY most likely isn't going bankrupt within the next year. Or did everyone think they were putting money into a towel company that burns cash because of fundamentals lol. Share offering is less than 2%. How is this not bullish when you take emotions out? + +I remember last week everyone was hyped as long as they: had a loan secured, with no imminent bankruptcy one week ago. + +No bankruptcy = squeeze + +Please let me know why I'm wrong. I want opinions that challenge my train of thought. +I'm new to stocks and the stock exchange in general,but isn't it at least a little bit suspicious that Trump can singlehandedly destroy the stock market on a Friday, then conveniently reverse his decisions the next Monday morning and cause it to be expected to go up? The closest term I can think of(or know for that matter) is insider trading, but I understand that doesn't exactly fit what's going on now. +hi all, + +i recently took the plunge to full time day trading. I normally use finviz with presets of +-5% gappers, relative volume over 2, price over $10, average volume over2m. + +sometimes my searches come up very low for stocks to trade after scanning through the charts. + +&#x200B; + +Are there any other presets some of you wouldnt mind sharing on how to find good stocks to daytrade? + +&#x200B; + +thanks +I was previously banking with westpac from 2004 till 2015. My wife and I had separate bank accounts since 2013 but recently decided to merge our accounts, now we have joint accounts with ING. + +I wasn't previously, but now I hold business and personal accounts with ING - which westpac are aware of. + +This month we've decided to buy our first home and have been ringing around the major lenders inquiring about such loans. When I called Westpac, they queried me about why I had switched banks, at which point I told them the reason. The Rep I spoke to on the phone perked up when I told her we were in the market for a home loan and flat out said "Look, I can see you've banked with us previously for over 10 years and we would like to win you back as a customer" after that she invited my wife and I to come in to speak with the branch manager about it. + +Before I go in, I'd like to be somewhat 'in the know' about what to expect. Can I use this as a bargaining operative? Can I expect them to actually offer me any incentive to switch back? Or are they just schmoozing me over the phone to get me to come into the bank to resign up? +Hi apes, the German situation has been shared a lot with everybody. Just wanted to add that I talked to my bank (Sparkasse) and asked for an update regarding the cancel of the delivered stock split in my account. + +He was nice but said that they have no further information and are waiting for input / confirmation on how to proceed from the DWB. As for now, there was nothing shared with them, so status unknown. +He also said, that they are waiting for the company (GameStop) to decide on how to distribute the dividend. Which made me ask why other banks in other countries know how to deal with this, which means GameStops intentions were clear, and why they are struggling. He didn’t answer this one. + +He said that they rely on the DWB, which I would compare to the DTCC, but please correct me if I’m wrong. + +It seems like they are searching for a way to distribute the splivvy. Nevertheless my broker is clueless but was very nice. He has no experience with such situations and couldn’t give any time estimate for receiving my splivvys. + +Luckily I live in Germany and they will get fucked hard by the law and the BaFin if they screw this one up 😊 + +If not, I’m won’t be happy to lose my investment but I’m happy to be one of the people to file a class action against them. +Luckily I spread my GME shares across different brokers. I def will send some, if not all into purple heaven. + +Cheers and thanks for reading. +Edits and updates will follow. Sorry for typos and gramma. +"It might make sense just to get some in case it catches on. If +enough people think the same way, that becomes a self fulfilling +prophecy. Once it gets bootstrapped, there are so many +applications if you could effortlessly pay a few cents to a +website as easily as dropping coins in a vending machine." + +Satoshi Nakamoto +BTC is going higher, and this is maybe because the forthcoming 2 hard forks. My concern is that BTC did not have a major correction yet, and it will have one sooner or later. + +Recently, when BTC goes higher, ETH stays. When BTC goes down, ETC also goes down. Therefore, I concern that the major correction of BTC can negatively impact ETH dramatically. + +Another scenario is that BTC money can flow into ETH during the major BTC correction. However, for the reason given above, it is not highly likely. + +Are you also nervous about the recent rally of BTC too? +So, on March 17th I sent a little over 1000 ether to my Kraken account. It is still not accessible and I have yet to hear back from their support. So far, there has been no response at all (except for two automated replies). Any help is appreciated. +The trick is, to do the opposite of whatever is logical. ETH is a better technology than BTC, so logically you would assume it goes to the moon. NOPE! Put all your money in BTC and go to the moon. HODL? NOPE! Day Trade, son. Listen to Reddit's advice? NOPE! Do the opposite. + +Fuck my life I've missed out on over $50k this week. What is life? +Just a thought I had, I was wondering whether both this forum and having general insight in to ethereum is quite location dependent or not still and how far it has spread. +I myself am from London, England and can say that from my experience there are still only a small number of people I have encountered with any idea of it here and even less who have invested. Bitcoin as you can imagine is much more predominant, but more of a household word that few can actually hold conversation on. + +Out of interest where are you guys from? Is eth investment available to your country and is it simple to do or costly? +Can someone please explain the value of the DGD tokens? As far as I understand, in the last AMA the devs stayed that DGD holders will not receive a percentage of transaction fees. If holders do receive transaction fees then this is clearly a security, which is why Bittrex de-listed it. +The trick is, to do the opposite of whatever is logical. ETH is a better technology than BTC, so logically you would assume it goes to the moon. NOPE! Put all your money in BTC and go to the moon. HODL? NOPE! Day Trade, son. Listen to Reddit's advice? NOPE! Do the opposite. + +Fuck my life I've missed out on over $50k this week. What is life? +I know this team swims in different waters than this subreddit since they are originally a Bitcoin based company. We don't get much info as to what is going on there, but they seem to be progressing nicely. They finished their ICO with a little over $10m in funding. A quarter of that was in ETH. They bought new office space and are moving devs in. They will be floating their ICN Ethereum asset token on Oct. 11th (no one knows about possible exchanges yet). + +Update from them on their progress (that thread is crazy busy btw) +https://bitcointalk.org/index.php?topic=1587736.msg16448041#msg16448041 + + +They also started publishing their Cryptocurrencies Index that they will be basing their portfolio on: +https://icnx.iconomi.net/ + +... interesting choice of currency mix. May be tailored to their audience :) +I'm nearly all-out at $14.50 USD average, even though I told myself I'd wait for $100. I just kept expecting a re-trace. I've been good at fighting FOMO so far, but I've held a very profitable long position since pre-sale. + +Wall-O-Text History: + + 1. Became aware of Bitcoin in March 2014 + 1. Day-trading BTC I invested a total of $24,000 CAD when it was at/near USD parity (1:1) + 1. Lost a lot of value day-trading it between that time and Ethereum's presale. + 1. I invested ~$2,500 USD for about 6,000 Ether, as BTC took a ~$150 dump from the 600's to the 500's USD + 1. Hodled my ETH obviously since it took about a year to release the chain + 1. Continued to trade BTC until I basically lost it all on Bitfinex. + 1. Evangelized for newbies not to trade + 1. Once the chain was released, took my last BTC and converted it to ETH through ShapeShift. + 1. Donated 288 ETH (aprox 1 BTC worth at the time) to the DogeRelay fund. + 1. Added the rest to my pile (can't remember honestly how much, maybe another 200-300 ETH??) + 1. Cashed out a few grand on Coinbase to pay down some debt + 1. Invested 3K ETH into TheDAO, we all know that story, was gonna split as soon as it became appearent the governance was fucked. Then it got drained. + 1. Got my 3K ETH back with the Fork and sold all my ETC for around 70 cents USD. Got about 400 ETH addded to the pile. + 1. Cashed out most of the ETC profits, but a bit sad I missed selling it for $3 (I'm technically inclined, so figured out how to split faster than most other people... before it pumped) + 1. Got bored hodling, watching sooo much sideways movement for months... knowing I could be killing it. I had a goal of 10K ETH, but had rules since the ~24K loss about not adding new money to the pile. That means to get more ETH I had to sell some first and wait for a drop. + 1. So I thought about market making for profit and just trading swings, with rules about not chasing losses + 1. At this point it's November 2016 and we're in a bear/sideways market. I'm actually doing well! Even though the spot price is $9, I have an average price of $11.50 on 1K ETH sold. + 1. December/January, I wanna hedge and maybe make some significant profit in ETH terms, I buy ~1.7K MKR for ~3000 ETH at 1.8 each. This was on the Polychain sale news. I think to myself, I want to hold 1K MKR, and I'll sell the leftover to extract profits. + 1. Within days of that trade MKR is at nearly 2.5 ETH:MKR. A week later it's at 2.8, but low volume. So I know it's not a solid profit, but it's a damn good trade regardless. + 1. That' right, I'm at ~1K ETH profit on my MKR trade, but I change my mind and hodl it all instead. Hoping for further gains. + 1. Enter the January/February rise to $13, then $14, then $15. I think it'll return to the mean! I'll be ok. I'm all in the black unlike my bitcoin days and I've got patience. + 1. I add 1K ETH to my Gemini account and start selling into the buying pressure. I also have a rule about absolutely no Market sells. I have a record of 100% Maker Or Cancel trades on Gemini. + 1. Mistake number 1. MKR is more pegged to USD than to ETH, my hedge is the wrong hedge. Historically it's risen with or above ETH, but this time it held around $25 USD throughout. Crap. Oh well. At least I didn't lose any USD value. But this trade now put my total portfolio at an average of 5K ETH if I liquidated and bought 100% ETH. + 1. Mistake number 2. So the second block of ETH sells around $17 on Ethereum Enterprise Alliance... what a fucking bull trend... I'm gonna make a killing when it drops! But it's late at night, I'm tired and post 600 ETH for $17.20 thinking it'll be a bit of a wall. I get ready for bed, check my phone and it's already sold before I fall asleep. Crap, shoulda posted less at 18 and 19. I would have done that if I was in a better mindset. + 1. I'm basically in a fuck-it mood now. + 1. Mistake number 3. We enter the $20 on ETF speculation. Here's where I should have fucking known better, and put half of my USD back into ETH at a not quite loss on the second 1K block of ETH. I knew it was gonna dip, but buying back in at 17 was against my rules about chasing gains / losses. So I stayed out with orders for $15.75 and under, but it only hit $16.50 ish. + 1. I have 900 Pure ETH left in my stash... I could add it to Gemini and sell in the $20's... Or I could buy in the $17-$18 range... I'm just not sure where this bull trend is gonna lose steam. + 1. Fuck this. I'm buying MKR, it's at 1.3 ETH per MKR, so I add ~400 MKR on Friday (ETF denial day). + +So my holdings as of this post are: + +Todays's Ratios | &nbsp; +:--|--: +ETH-->USD|22.75 +USD-->CAD|1.35 +MRK-->ETH|1.1 +ETH-->CAD|30.71 +MKR-->USD|25.03 +MKR-->CAD|33.78 + + |MKR|ETH|USD|CAD +:--|:--|:--|:--|:--| + |1247.75 | 1372.53 | **31225.00**^1 | 42153.75 + |378.64 | **416.50**^1 | 9475.38 | 12791.76 + |**2124.00**^1 | 2336.40 | 53153.10 | 71756.69 +TOTALS|3750.39 | 4125.43 | 93853.48 | ***126702.19***^2 + + ^1. Actual Holdings, all other fields are current valuations in that asset + + ^2 My Canadian Pesos Profit + +&nbsp; + +I don't know if we're heading to $30 before $15 again... I just don't know. I'm no longer an ETH whale... and that stings a little, but happy for the profits. I'll stay out for now and keep my options open in case of sudden crashes. I still feel fundamentals are strong. + +EDIT: Removed some comments that could be viewed as humble-bragging. Sorry, that wasn't what this post was about. My FOMO now, is about relaxing and being happy with the profits and not buying back in at an ATH (which emotionally feels like missing the train, but rationally is the dumbest shit I could possibly do right now *I know*). + +EDIT^2: Thanks for the gold, kind stranger ;-) +I'm nearly all-out at $14.50 USD average, even though I told myself I'd wait for $100. I just kept expecting a re-trace. I've been good at fighting FOMO so far, but I've held a very profitable long position since pre-sale. + +Wall-O-Text History: + + 1. Became aware of Bitcoin in March 2014 + 1. Day-trading BTC I invested a total of $24,000 CAD when it was at/near USD parity (1:1) + 1. Lost a lot of value day-trading it between that time and Ethereum's presale. + 1. I invested ~$2,500 USD for about 6,000 Ether, as BTC took a ~$150 dump from the 600's to the 500's USD + 1. Hodled my ETH obviously since it took about a year to release the chain + 1. Continued to trade BTC until I basically lost it all on Bitfinex. + 1. Evangelized for newbies not to trade + 1. Once the chain was released, took my last BTC and converted it to ETH through ShapeShift. + 1. Donated 288 ETH (aprox 1 BTC worth at the time) to the DogeRelay fund. + 1. Added the rest to my pile (can't remember honestly how much, maybe another 200-300 ETH??) + 1. Cashed out a few grand on Coinbase to pay down some debt + 1. Invested 3K ETH into TheDAO, we all know that story, was gonna split as soon as it became appearent the governance was fucked. Then it got drained. + 1. Got my 3K ETH back with the Fork and sold all my ETC for around 70 cents USD. Got about 400 ETH addded to the pile. + 1. Cashed out most of the ETC profits, but a bit sad I missed selling it for $3 (I'm technically inclined, so figured out how to split faster than most other people... before it pumped) + 1. Got bored hodling, watching sooo much sideways movement for months... knowing I could be killing it. I had a goal of 10K ETH, but had rules since the ~24K loss about not adding new money to the pile. That means to get more ETH I had to sell some first and wait for a drop. + 1. So I thought about market making for profit and just trading swings, with rules about not chasing losses + 1. At this point it's November 2016 and we're in a bear/sideways market. I'm actually doing well! Even though the spot price is $9, I have an average price of $11.50 on 1K ETH sold. + 1. December/January, I wanna hedge and maybe make some significant profit in ETH terms, I buy ~1.7K MKR for ~3000 ETH at 1.8 each. This was on the Polychain sale news. I think to myself, I want to hold 1K MKR, and I'll sell the leftover to extract profits. + 1. Within days of that trade MKR is at nearly 2.5 ETH:MKR. A week later it's at 2.8, but low volume. So I know it's not a solid profit, but it's a damn good trade regardless. + 1. That' right, I'm at ~1K ETH profit on my MKR trade, but I change my mind and hodl it all instead. Hoping for further gains. + 1. Enter the January/February rise to $13, then $14, then $15. I think it'll return to the mean! I'll be ok. I'm all in the black unlike my bitcoin days and I've got patience. + 1. I add 1K ETH to my Gemini account and start selling into the buying pressure. I also have a rule about absolutely no Market sells. I have a record of 100% Maker Or Cancel trades on Gemini. + 1. Mistake number 1. MKR is more pegged to USD than to ETH, my hedge is the wrong hedge. Historically it's risen with or above ETH, but this time it held around $25 USD throughout. Crap. Oh well. At least I didn't lose any USD value. But this trade now put my total portfolio at an average of 5K ETH if I liquidated and bought 100% ETH. + 1. Mistake number 2. So the second block of ETH sells around $17 on Ethereum Enterprise Alliance... what a fucking bull trend... I'm gonna make a killing when it drops! But it's late at night, I'm tired and post 600 ETH for $17.20 thinking it'll be a bit of a wall. I get ready for bed, check my phone and it's already sold before I fall asleep. Crap, shoulda posted less at 18 and 19. I would have done that if I was in a better mindset. + 1. I'm basically in a fuck-it mood now. + 1. Mistake number 3. We enter the $20 on ETF speculation. Here's where I should have fucking known better, and put half of my USD back into ETH at a not quite loss on the second 1K block of ETH. I knew it was gonna dip, but buying back in at 17 was against my rules about chasing gains / losses. So I stayed out with orders for $15.75 and under, but it only hit $16.50 ish. + 1. I have 900 Pure ETH left in my stash... I could add it to Gemini and sell in the $20's... Or I could buy in the $17-$18 range... I'm just not sure where this bull trend is gonna lose steam. + 1. Fuck this. I'm buying MKR, it's at 1.3 ETH per MKR, so I add ~400 MKR on Friday (ETF denial day). + +So my holdings as of this post are: + +Todays's Ratios | &nbsp; +:--|--: +ETH-->USD|22.75 +USD-->CAD|1.35 +MRK-->ETH|1.1 +ETH-->CAD|30.71 +MKR-->USD|25.03 +MKR-->CAD|33.78 + + |MKR|ETH|USD|CAD +:--|:--|:--|:--|:--| + |1247.75 | 1372.53 | **31225.00**^1 | 42153.75 + |378.64 | **416.50**^1 | 9475.38 | 12791.76 + |**2124.00**^1 | 2336.40 | 53153.10 | 71756.69 +TOTALS|3750.39 | 4125.43 | 93853.48 | ***126702.19***^2 + + ^1. Actual Holdings, all other fields are current valuations in that asset + + ^2 My Canadian Pesos Profit + +&nbsp; + +I don't know if we're heading to $30 before $15 again... I just don't know. I'm no longer an ETH whale... and that stings a little, but happy for the profits. I'll stay out for now and keep my options open in case of sudden crashes. I still feel fundamentals are strong. + +EDIT: Removed some comments that could be viewed as humble-bragging. Sorry, that wasn't what this post was about. My FOMO now, is about relaxing and being happy with the profits and not buying back in at an ATH (which emotionally feels like missing the train, but rationally is the dumbest shit I could possibly do right now *I know*). + +EDIT^2: Thanks for the gold, kind stranger ;-) +Don't miss the train for ZOM! Currently 73 cents pre market from its 48.40 close. Do not miss the train. + + +Of course there will be sell offs once market opens, but don't see a dip as this will continue to climb upwards. This is flying most likely due to Chris Sain mentioning it in a video, but a lot of big fish bought into it recently +I’m happy I got my degree, but WOW it left me with a lot of debt (and the interest rate is a killer). I’m finally paid off to $19,whatever and while that’s still a LONG way to go, it feels great to hit that milestone! + +I’ve been working my ass off and putting every extra cent toward my loans, and I’ve saved $2,000 in interest by overpaying each month. I know I’ll be in debt for a LONG time, but I thought I’d never see a 1 at the beginning of my balance! +I know similar stuff has been said here, but I keep seeing this problem still. This sub is great to look at DD’s at stocks and to get good stock news. However, it is incredibly ridiculous the amount of posts and comments here asking what x stock is going to do or how the stock market is going to perform next month. I would've thought it would be just the people who are new to the stock market or this subreddit, but there are actually a large number of people here that have been posting/commenting on the subreddit for a while, meaning they aren't new here and they STILL do this. + +However, this isn't even the main problem. The actual problem is the people who reply to these posts/comments and they act like they know what they are talking about so they will say some BS with 100% confidence which probably will influence many of the people who don't know any better. The more you think about it, the more concerning it actually becomes. I don't believe ignorance warrants someone to getting screwed over so just because someone is dumb enough to trust a random redditor and lose money doesn't mean they deserve it. This is very serious stuff since this is literally people's money and I wish more people realized how awful it is that people will come here and look at any advice and dump their money into a random stock and then come back later with major losses. + +**I think this even applies to most people on this subreddit but at a more subliminal level**. I have a feeling that there are many people here that still are prone to this, even if they don't blatantly listen to random people. For example, pretty much everyone in this subreddit agreed to not buy anything during March because "the bottom hasn't come yet". I have even seen posts asking if the stimulus package would help the stock market and people pretty much agreed that it wasn't going to do much (you can look at the threads if you want). People would reply to these posts with absolute confidence; not a "probably not" or "I don't think so", but a "It's not going to do x". When these posts/comments are constantly upvoted and replicated, this can even influence the people who disagreed, creating a conformity effect based on majority social influence and not factual information. + +I guarantee you there are people here who were interested in buying in March when stocks were at a very low price, looked at this subreddits opinions, and ended up not buying them because the majority of people said not to. When in reality, that would've been the ideal thing to do, and they could've made a lot of money. I don't know how these types of posts and comments are so popular on this subreddit, but they are. I am making this post to remind people of these things, and I don't want the same thing to happen to as many people in the future. +My employer from 2019 must’ve sent in a tax form or something? And the IRS has two incomes from the same company with same exact amount. So now It showed I made double. They say I need to get a hold of him and get a verification of what I really made. Is there anything else I can do? Or what happens if he doesn’t get me that verification? +After decades of urban home prices rising could that trend be ready for a reversal? We have many factors at play here. Cities getting hit hard by Covid, cities being looted and burned by rioters, more people working remotely, etc... I am thinking it might be time to look for land out in the country. +I opened a Fidelity Roth IRA in April 2022 with 70% FSKAX, 15% FXAIX, and 15% FTIHX and the rate of return has been -17.13%. I maxed it out for the last fiscal year with $6000 and have been contributing $500 a month since. Am I doing anything wrong or should I just stop checking it and ride it out? I'm new to investing so I just wanted to make sure if this is normal or not. + + +Source:[https://irdirect.net/prviewer/release\_only/id/4739259](https://irdirect.net/prviewer/release_only/id/4739259) + +Green technology innovators Cicle, Inc. and American Battery Metals Corporation [(OTCQB:ABML)](https://pr.report/TZR70fEq), an American-owned lithium-ion battery recycling technology and advanced extraction company with extensive mineral resources in Nevada, which is in the process of changing its name to American Battery Technology Company ("ABTC") announced today a strategic partnership to create the first-of-its-kind centralized service operations for collection and recycling of electric vehicle batteries at Cicle EV ChargeParks. The ventures will team up to meet heightened consumer demand as all leading global automakers and truck fleets transition to electric mobility. + +The strategic partnership solves a critical renewable energy supply problem for the fast-growing EV ecosystem. The growth of electric vehicles has so far relied on environmentally unfriendly and inefficient local power grids to supply energy for recharging short-range batteries in cars and trucks. The ABTC & Cicle ChargeParks collaboration creates a practical and highly advanced renewable energy technology solution. + +Cicle ChargeParks patent-pending infrastructure is designed to recharge consumer EV's efficiently as well as house multiple ABTC collection points and operations across North America. ABTC may then collect the spent and damaged EV batteries and other lithium-ion products for recycling and core metals processing. Results: Cicle clean, safe & rapid EV charging facilities working collaboratively with ABTC green extraction and processing of metal battery components used to build high-range EV batteries that will drive the electric vehicle revolution. + +"Together, Cicle and ABTC are creating an entirely new industry focused on carbon-negative facilities to accommodate a cutting-edge technology infrastructure, renewable energy operations and consumer experiences for the coming EV transformation," said Cicle CEO and Founder John Strisower. "Cicle is designing its experiential and technical platform to capture, store and distribute clean power, including solar, wind, hydrogen as well as utilize mega-batteries so consumers and truckers will have the optimal EV experience for themselves - and the planet." + +"American Battery Metals Company is powering the future of clean energy through our advanced methodology for battery recycling," said Doug Cole, CEO of ABTC, which is expected to process about 20,000 tons of batteries annually with the fastest turnover of materials in the marketplace. "Our team is thrilled to bring its world-class core metals chemical extraction and mineral recycling technology together with Cicle's ChargeParks infrastructure to create centralized, convenient collection of electric vehicle batteries and other lithium-ion powered tools and consumer electronics." + +As part of the concept, ABTC would support the recycling of EV batteries collected at future Cicle facilities. ABTC is proactively working to permit and construct a pilot battery recycling plant in Fernley, NV. The company is pioneering a closed-loop battery recycling process at this pilot plant that will separate and recover critical materials from end-of-life high-power batteries, as well as from defects and waste from battery manufacturing facilities. The recovered metals are refined to battery-grade specifications and then sold back into the supply chain in a true closed-loop process. This recycling process will be a critical component if the U.S. is to successfully meet the increasing demand for these critical materials. +I was hoping the collective genius of this sub could help me understand the consensus view of an increase in interest rates. + +The consensus view is that if rates increase, mortgage costs will go up, ans home (single families) will go down. + +If interest rates go up, what happens to the rental costs of someone living in a multifamily or apartment? Is this a mechanism that will drive rents higher or lower than expected? + +Note: I know people like to nitpick details, but i’m truly asking for what general view or “smart money” beliefs are. + +Has anyone here done it and if you have, can you share some feedback of your experience, to fix and flip a home but skipping the initial purchase. Meaning, instead of buying, fixing, and then selling, I were to find a homeowner who would like to sell but their home can use some work and they don’t have the money to fix it, so I come in and pay for the rehab on condition they sell and then when they sell, I get a piece of the extra profit which resulted from the “fixes” ive made…this is the general idea. + +The main reason this idea intrigues me is the fact that I would need less capital per deal plus not have typical holding costs. + +Let’s assume I’m using my own cash to finance the project, so no opm involved here. + +TIA +As the title says, I have around $500k-$700k of home equity in my primary residence that I could potentially use to invest in another property/real estate opportunity. I’m considering looking into a way of how we can passively invest some of that equity in real estate so that my husband can be a stay at home dad to our child and we could possibly retire early. I’d be interested in hiring a financial advisor who is knowledgeable in this type of investment tactic, so what sort of advisor would we need to look for to help us accomplish this? I have literally no clue how to passively invest and would need someone to explain everything to me in layman’s terms. TIA! +What’s up everybody I was wondering if anyone had info on investing in storage units. A family member gave me the idea and it kinda makes more sense than buying a bunch of duplexes because you don’t have to deal with tenants and fishing up toilets and air conditioners etc. Also having less vacancies because of the number of units. Does any one own some currently or have Owned them in the past? Any feedback would be extremely appreciated! +I'm a 30 yr old with no debt. And 20k in savings. I have the skills needed to flip homes as I've done them for flippers. I can do the 90% of the work required for flipping but I have no experience in searching for, buying homes, and knowing how to handle it financially.(absolutely no financial skills at all in buying, selling, or taxes. ) As I said I have 20 k in cash. Is it possible to start up. I live in an are where homes range from 150k to 300k. . Where do I even start? I'm looking for a few books or someone with knowledge that wants to help out. Thanks for reading and thanks even more for responding. +I have a rooming house with a bunch of tenants in there that are great people living harmoniously. Very few issues ever. + +It's at the end of a hammer cul-de-sac, and while there's ample driveway parking, it would be extremely convenient to park in the cul-de-sac also. This neighbor is retired and has nothing better to do and "anonymously" calls the police anytime someone parks in the cul-de-sac in front of my (not his) house. Even our HOA doesn't care, so the guy calls the police. Police think it's pretty stupid they're there but let us know that you aren't "technically" supposed to park there within 65ft. He's called the police on other neighbors for parking their RV on the street or other similar offenses. The entire neighborhood hates him. I just bought the house a few months ago and we got into an argument day 1 for backing our U-Haul up to move furniture in. + +That being said, I'm looking for childish and/or petty things to do to this neighbor. Good ideas are also welcome. I've talked to the tenants about not parking there and they get it and won't, however, I'm disgruntled and would rather stir the pot. +Anyone investing in vacation rental properties at ski resorts? Curios how many days/year units typically rent. Also curious if anyone is concerned about long-term weather pattern changes? I recently read a report on the [changing snow patterns](https://www.climatecentral.org/news/report-the-case-of-the-shifting-snow) which got me curious what others are doing to prepare? +Howdy all. Last year approx 9 months ago we purchased a 2 flat owner occupied FHA loan. + +Purchase price 445k +3.5 down +3.375% interest 30yr fixed +Original loan amount 436,939 + +We have a current principal balance of 431,260 + +My lender has reached out to me as we have started receiving FHA streamline info in the mail, I brought up conventional as we have seen multiple homes on our street sell pretty high in the last 2-3 months that we’re flips or new builds. 500-600k and new build around 800. + +We have put approx 60k into renovations: full exterior siding trim gutters all new 29 Sierra Pacific windows. Interior work painting appliances re working of room layouts with some non load bearing walls. House visually looks night and day from when we bought it. Interior and exterior. + +Lender currently has us slated at house value of 525,00 in our refi disclosure page. Losing most of PMI from 300 to 80, then to zero if appraisal puts us at the right amount which we believe we will get. + +I’m having hard time understanding the benefits aside from just the potential PMI removal. The loan is for 443k? With about 10k in closing costs rolled in. Is there something I am missing? + +I was under the impression that if through renovations and rising values etc if we were able to reach 20% equity wouldn’t we have 20% equity from our purchase price of 445k?? As in a new loan to conventional would be in the dollar amount of 80% of 445k? + +I’m getting confused with the higher valuation in comparison to the original vs our equity. I would appreciate someone with some more experience breaking it down for me. +Other than properties in very run down, high crime areas, I was wondering how people find properties they can rent out at one percent of the purchase price. I can't seem to find any even when I broaden the scope to different states. Are properties that meet the rule rare, hidden gems, or am I just looking in the wrong areas? Anyone have suggestions of what areas to explore? Was hoping I could set up some criteria on Zillow so when I would get notice when a property comes o. The market that potentially would meet the rule. Thanks everyone. +I have a house in metro Atlanta that is essentially a passive investment. We used to live there, don't owe a bunch on it, and have had the same solid tenants for 8\+ years. It is sort of a dream property since it is professionally managed, makes me a little money, and the tenants aren't a pain. Honestly I never even think of it except when the check shows up each month or the lease renews. + +The last year or so I have been getting a flood of post cards from investors wanting to buy my property. Today this has escalated into a cold call to my cell phone \(from a NY area code\). + +So, my question is, why is this happening all of the sudden, and what is their angle? In the past I would have expected these types of people to be searching for distressed situations \(which this is not\), but the fact that 2\-3 other houses on the street are now rentals, seemingly owned by investor groups, makes me think there is more to the story. I'm not really interested in selling..just trying to figure out what's up. Scam? + +Anyone more savvy than me have an idea? + +Thanks \(first post to this sub\). +I currently have around $40k saved and am set to inherit another $24k come the new year. I want to team up with my partner's dad who may be cashing out $175k in equity on his home. Hopefully through this money we can avoid hard money and do a traditional mortgage. Was thinking he could do the mortgage and I can do the rehab. Need creative suggestions on how to structure this. I work full time and he is retired but not by choice. If we create one main LLC to structure this as a business since he is unemployed, and another for each property, do we avoid capital gains? Any other suggestions welcome. +I’m new to REI and own a couple rental properties and two commercial properties. These are all under $1M and the commercial properties are lender financed. + +But I came across a 10% cap rate property for $10M. Would a lender finance it given I’m still new to REI and haven’t done a deal that large before? + +I’m trying to understand what governs the amounts a bank will loan. Obviously everything has to be on the up and up for revenue and appraisal. If I have good credit and a decent income is a bank going to loan me the money? + +If the answer is yes, what’s to prevent me from finding a $100M property and doing the same? + +Is it debt to income ratio that kills the fantasy deals or what? +I just called may bank (Chase) asking for a Home Equity Line of Credit and they said they are not doing those at the moment. Before calling other banks I thought I would do some research here first for other banks that are actually offering HELOCs right now. Any suggestions ? +I've come across a life estate for sale and I would like to learn about it from an r/realestateinvesting perspective. + +In this particular case, the current owner is old and has the right to live in the home rent-free until they die. Then, as I understand it, the house goes to the whoever purchases this deed. + +This deed is priced much lower than the value of nearby homes and seems like it could potentially be worth it. I'm in a city with a hot housing market. + +Has anyone ever experienced this? How does it work? Is it a good idea? What kind of due diligence would I need to do in order to decide if it's a good investment? + +Teach me about this kind of scenario and how you might evaluate it. Thanks! +I’m 28 years old, living in a moderately low cost of living area. I work as a teacher and make 43k a year before taxes but my husband and I are very good with money and have saved 13,000 in the past year. + +I found a property deal for 77,000 for two houses, one 850 sq ft 2 bed/1 bath SFH and one tiny 350 sq ft house next door. I think I could probably do both for 67,000 and then we could live in the big house and rent the other for 500 after small cosmetic renovations. I have no idea how much renovations would cost—my husband works as a carpenter and could do most of the work needed. + +My question is—does this sound like a good deal to you? Would you invest? Right now we are renting for $625 per month. The area is interesting—it’s kind of like a good part of a bad part of town. Definitely will depreciate in the long term, but we’ll be moving to Austin after my husband graduate school in 2 years. + +What do you think? +Updated today 8/31/17 and updated every month. Found this today and it's amazing. + +http://www.dripinvesting.org/tools/U.S.DividendChampions.pdf + +There is an excel version on the dripinvesting.org website which is a bit easier to read. +Hello, fellow apes. Today was a day we haven't seen in a long while, and maybe it is the beginning of the end or maybe it isn't. Today was also a day where I went from XX to XXX. Today is also the day I have been angriest since I was 11 years old when I threw a tantrum on a tennis court because a 50-something-year-old man blatantly cheated when playing against me and my father. Coincidently it is the same reason I am equally furious today. A 53-year-old man cheated and GME drops 13%. I didn't plan to go from xx to xxx today, I was planning on doing it slower, however, I cannot stand cheaters, especially cheaters who do it in such an obvious manner. Most of the time there is little you can do against them but this time, this time is different there is a strategy that sure is to work (BUY HODL DRS) and let me tell you, Major Mayo, I am not leaving nor is anyone else. You dug your grave when you and your friends shorted this company and I will enjoy watching every single one of you that cheated the system get what you deserve. + + + +Edit: Thank you for the award! +Hi, + +So I recently picked up a second part-time job (9-5, 2 days a week) on top of already tutoring 9 hours weekly at £10 an hour. I am enrolled full-time at university, but think I can manage this part-time work totalling to 25 hours a week. Fortunately, I am a home student, living at home with parents, not paying rent or the like, so I did not see a need to take the maintenance loan on top of the tuition fees, so I am only paying back the tuition fee with 6% interest. Because of this, I want to start repaying my student loan back from this month and not accumulate much interest. [I did make some charts and a table, outlining my income and expenses,](https://imgur.com/a/pjTzMMd) and would like advice from this subreddit on anything to improve on, from my data attached (with link). My data is not finished, since it represents 25 October 2022 - 24 November 2022, but I see myself sticking to it and the percentages not changing much. + +I am confident I will leave university with a decent grad job, so I think balancing generic life expenses later with student loan repayments will prove to be a headache for me. Higher paid people (>£50,000) probably end up paying their student loan repayments in full. My main part-time job will go up by £200 monthly from next month, so my SLR (student loan repayments) will go to £700-800 and mum payments by £50-75 monthly. This is why the percentages wont change much overall. + +After all my (insignificant) expenses at the end of the month, I seem to be left with \~£350 monthly (rough estimate), which if my religion did allow interest, I would have chucked into an LISA or something. So my options are quite limited in terms of saving it aside from letting it sit in the bank. I'm not sure I know much about investing in assets to start doing that effectively. Some friends always go on about crypto, but all I see is relatively high volatility right now, I could be wrong tho. This is why I think putting more money into my loan repayments would be a good idea to take it to £1000-1200 a month, or salary sacrifice by some amount, or start getting driving lessons. There is nothing else I can think of right now, I would appreciate some pointers here. + +Possible sources of extra income or losses + +* There is the possibility of getting a bursary from my university ranging from £100 - £2000 annual, depending on my circumstances. It is a bit unethical but, if I do not mention my part-time work to the university, I may be eligible for at least £500-£1000. +* I still haven't withdrawn my money from my child trust fund ( long-term tax-free savings account for children born between 1 September 2002 and 2 January 2011), my parents did not put that much in, but last time I checked it was £1300. This was at least a year ago, and the markets have not had a good time, but I need to check its current value. +* If the working and studying become too overwhelming, I will drop tutoring hours to 6 hours first, then completely, if its that bad. Potentially giving up £360 a month. + +I realise and I'm grateful that I'm in a fortunate spot in the sense that I live at home not expected to pay rent, bills my only transport is the bus and stuff. Thats why I need to make the most of it and lay out my next steps. I like tracking things, so tracking my income and expenses will be a life-long habit. It's funny how my situation scales up to nearly all the other posts on this subreddit, feels very insubstantial lol. + +Edit: need to up my tutoring rate lol +Interesting article on the the shift from passive to active management. + +>Willis Towers Watson is advising its clients to shift from passive to active asset management, amid growing concern about the risks of passive equity investing. +> +>Negative climate change implications for passive investing and more favourable conditions for active investing are also arguments for the shift, she said. +> +>The largest six companies in the S&P 500, including Apple, Microsoft, Amazon, Facebook, Google and Tesla, account for almost a quarter of the index and the bulk of returns, she said. “It’s been a good run but the more it grows, the more it lowers the probability it will continue, and there is risk in the concentration of the largest names.” +> +>Increasing market volatility since the Covid-19 outbreak, along with forecasts of “more pronounced” volatility once government stimulus is removed, creates new opportunities for active management, she said. + +[Full article here](https://www.ft.com/content/f3aee13f-1b48-491a-9cd2-93fbf9b28b28) at [FT.com](https://FT.com) + +Will this change the way you invest? +Does anyone know how long a REIT has, after suspending its quarterly dividend, to decide to maintain its REIT status (and hence pay out 90% of income), or change to another corporate structure? Does this have to happen before calendar year end, or buy the reporting of 4Q which usually happens during 1Q of following year. I'm having a hard time finding info on this, which maybe reflects my inexperience, but thought this would be the best place to ask. +Thanks for any info, link, or eye rolling. +What is yalls favorite "reward" stock. I'm not sure what it's actually called but I know my family has 100 Carnival Cruise stock for years now to receive the on board credit that they offer +Hey fellow investors, + +As an investor in the EU I am limited in the ETF’s I can purchase through my broker (DEGIRO). Personally im trying to find some funds where I can put money in monthly to grow for the next decades. + +The only ETFS that seem decent in terms of diversification and div yield are: TDIV, VHYL, VWRL, VUSA. If I forgot one please let me know. Anyway if anyone has more insight on these funds or can tell me if they are decent picks for dividend investing let me know! +I have heard a lot of good things about SCHD from you guys on this subreddit. I am currently investing in a TFSA using wealthsimple, but they charge a conversion fee (3% I believe). I have also heard that US dividends get taxed for Canadians, even if it's in a TSFA. So I was wondering if there was anything similar? Or if it's still worth buy either way? +I'm new to dividend stocks this year. I set a goal of getting to $300/year and I've passed that am up to about $400/year....(I see some of the numbers in here and think I'll never get there!!) + +Anyway, do most try to have a mix of monthly paying dividends and quarterly paying dividends? + +Thanks!! +I'm new to dividend stocks this year. I set a goal of getting to $300/year and I've passed that am up to about $400/year....(I see some of the numbers in here and think I'll never get there!!) + +Anyway, do most try to have a mix of monthly paying dividends and quarterly paying dividends? + +Thanks!! +Wondering if anyone invests in Fundrise ? I have been thinking of adding some real estate to my overall portfolio (without actually buying and maintaining a property), and Fundrise came up in my research. + +At a high level, it looks similar to O, but curious if anyone has first hand information on it. +Hi guys, I've been away for some time and came back to see all this DAO crowdfunding talk. It seems to be linked to SLock.it. Can someone please give me a brief idea of what this is all about? Too busy catching up with so many things and no time to read the white paper. Thanks in advance. +Personally invested in the US stock market, I have a gut feeling something in the next years is going to go horribly and unpredictably wrong. Would a 33% decline of the world wide stock market help Ethereum in the days following the foreseeable crash? Any opinion is welcomed. +Thinking it through, I'm finding it hard to find any downside (limiting calamitous creation process/smart contract malfunction) to hold DAO instead of ETH. Since this is a one-time event, it can only be purchased on the open market afterwards. + +It's essentially a free option on any DAO upside (given pre-price increase purchase, post guarantees a loss if withdrawing), while still retaining all ETH upside, and essentially risk-free until after the first proposal gets funded (in which case everyones DAO value to ETH drops by the proposal amount until there's returns). + +Regardless how much I put in I can remove my money at the 100 DAO = 1 ETH price I've paid, before the first project is funded, which also prevents DAO from trading at less than that price (since people can just arbitrage and remove ETH at that rate). Also if ETH rises, the value of DAO does in lockstep since all it's holdings are ETH denominated. + +So it seems putting my ETH into DAO now just has potential upside if it gets more attention/traction/success from the Dao, plus all ETH gains, and if it doesn't move much, or looks weak in execution one could simply bow out and take their ETH before the first proposal is agreed upon. + +The real point of risk assumption comes once the first proposal(s) are agreed upon getting/funded, at which it now becomes an investment in that team's ability to execute and return the rewards and ETH (along with all the nuances of strong proposals, aligned incentives, etc.). + +Any thoughts? Objections? +I'm just voicing my concern in regards to the slock.it proposal and would like people's opinions who have invested in the DAO like myself. + +So let's say slock.it's proposal is accepted and they are funded 10million USD over a time period of (x) + +All their team gets paid a wage, and the rest of the money is for hardware to build the EC or the USN. + +Now slock.it say they are going to sell the EC "at virtually no profit" However if they sell the EC for $1 or $200 it is still 100% profit espically when the DAO has paid for the materials and is not getting any ETH back from the sale of an EC. + +DAO risk = 100% +Slock.it risk = 0% + +What I think would be reasonable is for every EC slock.it sells is the DAO recives a royalty or a 5% of the sale. Even if slock.it have to add on a few extra $ so in this case the DAO will reduce a small portion of the initial risk. + +Also if for every EC slock.it sold the DAO recived a Royalty or % of the sale I believe half the members of the DAO would become sales reps and start promoting ECs every where they went (I know I would) because it would be returning some of their initial investment and reducing the overall risk. + +Please note I'm all for the DAO I currently have over 70k USD locked in it. But I'm also a fan of reducing my risk when possible and I think others should be too. +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! +Personally invested in the US stock market, I have a gut feeling something in the next years is going to go horribly and unpredictably wrong. Would a 33% decline of the world wide stock market help Ethereum in the days following the foreseeable crash? Any opinion is welcomed. +https://www.cryptocoinsnews.com/ethereum-solidity-flaw-dao/ + +*The author clarified that he was simply reporting a direct quote from a Cornell researcher with the full report linked in the article. + +I’ve read some analysis (and some some of my on) on the bull case for Bitcoin. For example, one could argue Bitcoin is a better gold, and if it replaces gold, that would value each bitcoin ~ 400k USD (more info at https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1) + +I’ve not been able to find any similar analysis for Ethereum. Does anyone know of an analysis, or have one of their own? What is a medium, and what is a strong, bull case for Ethereum? +I start a new job late May with an 80k salary. I have the idea of paying off my parents’ Honda as a surprise since they helped me pay for college. I checked their account on the financial site and it’s $6,466 right now with $51.57 in interest and they have 18 more payments to make. They pay $388 each month and since December is in 8 months, there will only be around $3,400 left. I have two concerns: + +*I’m willing to save money to pull this off, but I’m not sure how to go about doing this.* + +Can I go to the dealership and hand them cash? Can I just add my bank account through the site and pay it off? + +*I have a minimal understanding of loans, so I worry about this hurting them instead of helping.* + +How will this affect my tax filing and theirs since this is a gift? Does paying the loan off early affect their credit? + +Ideally, I’d like to wrap a paid receipt for them to open on Christmas Day, but I’d understand if logistically this isn’t possible. + +**Edit:** Hi, thank you to everyone responding. I am reading as much as I can. The only person in my life I have for financial advice is my dad, so I’m eternally grateful to you all for pointing me in the right direction. + +There’s a lot of good wisdom in here that I wouldn’t have gleaned from just reading financial literacy sites - namely, that my old ass parents probably don’t care too much about their credit score anymore. I also now know what questions to ask the lender. + +I’ll see what I can do about keeping the payment notification from ruining the surprise. You can expect an update around the holiday time. + +**Just wanted to clarify two things.** + +1. *Yes, I have my own savings and cost expenses set aside for myself.* ***Money is not the issue, it's how to make the actual payment arrangements and the financial details concerning it.*** + +I appreciate the cautious advice, but I didn’t come up with this idea until I saw what was left after making my own budget. The money being used is part of that left over and my own fun money. The idea of being able to take care of myself before others was well-ingrained into me from childhood due to burdensome relatives. + +2. *I have a good relationship with my parents.* + +I know money complicates a lot of things. Within the Filipino culture, there’s a sense of monetary obligations to your parents, which often times leads to toxic relationships. My parents experienced it with theirs and were very clear that they had no desire to perpetuate that cycle. What I’m doing is out of my own volition. + +After scroll through the praise and caution and discussing this with my partner, I’m starting to realize this type of gesture also seems to be a cultural thing. Buying things for your parents to give them something to brag about to their friends after you get your first job is somewhat of an unspoken expectation. Never one my parents pressured me into, but after hearing so-and-so brag about their kid buying them a new fridge or a Michael Kors purse, it kinda lit a fire under my ass to also provide a gift of that level, but one they could appreciate. + +My parents live within their means and have never been into brand names, unless it’s at ALDI. So if you have the means and you have someone like this in your life, I would recommend paying off a bill even if it’s just for monthly water. It’s a meaningful gesture without all the pomp and flashiness. +**Background** + +A few years ago, I bought a book by the Lebanese statistician / ex-options trader Nassim Taleb, called "The Black Swan". Some of you Apes may have heard of it, because it became a best seller a little after the Lehman Shock. The book was published in 2007, but seemed to predict (or at least anticipate the possibility of) the events that happened the following year and beyond. Given everything that has occurred over the last 1.5 years, I started to read the book again the other day, after years of it gathering dust in my book cabinet. + +**The Existence of Black Swans** + +The origin of the term "Black Swan" is in fact about two thousand years old, from Ancient Rome. It refers to the improbability of there being black feathered swans in the world, and likens this to the possibility that any system of thought - especially those currently taken for granted - could be suddenly undone by an unforeseen event that disproves it. + +One way to think of it is that no-one really believes in the Loch Ness Monster any more. But what if a freshly deceased body of such a creature gets washed up on the shores of the Loch tomorrow? We would all have no choice but to fundamentally change our conceived beliefs about *many* things, particularly the natural sciences of course, in that case. + +And so it was for aeons about black swans, with the conceived notion in Europe that there could be none of these particular creatures existing in this world. But to their immense surprise, this improbability suddenly became defunct in an instant, when they were actually "discovered" in Western Australia in the late 17th century. No doubt the local Aboriginal Australians were just as surprised, seeing how surprised these Dutch explorers looked when encountering the common birds... + +**Black Swan Theory** + +So the theory is that sometimes events happen, that are almost unbelievably shocking in both their impact *and* for the fact that they could not be predicted beforehand. Nothing like it has happened in (at least) living memory *and* no-one alive could even consider it could actually occur. The more detailed definition that Taleb gives in the book is as follows: + +*"What we call here a **Black Swan** (and capitalize it) is an event with the following three attributes.* + +*First, it is an outlier, as it lies outside the realm of regular expectations, because nothing in the past can convincingly point to its possibility. Second, it carries an extreme 'impact'. Third, in spite of its outlier status, human nature makes us concoct explanations for its occurrence after the fact, making it explainable and predictable.* + +*I stop and summarize the triplet: rarity, extreme 'impact', and retrospective (though not prospective) predictability. A small number of Black Swans explains almost everything in our world, from the success of ideas and religions, to the dynamics of historical events, to elements of our own personal lives."* + +Some examples that he gives in the book are the sudden: + +**- Rise of the Internet/WWW** + +**- Outbreak of World War I** + +**- Collapse of the USSR** + +**- September 11th terrorist attacks** + + . + +**What About COVID-19?** + +Interestingly, the pandemic has been referred to *heavily*, over the last 15 months or so, as the "Black Swan event of our age". It has been used by governments, corporations, the banks and the media to justify taking extraordinary measures to deal with a vast range of problems. In many cases to "socialise" those problems to the masses, with the justification that: *"No-one could have predicted something like this could have happened"*. + +This is, of course, not at all true. There have been *many* global pandemics before this one, and unfortunately there will no doubt be many more to come in the future. The constant bastardisation of his theory irritated Taleb enough, that he actually co-authored an article on this topic. The link to that can be found here (https://medium.com/incerto/corporate-socialism-the-government-is-bailing-out-investors-managers-not-you-3b31a67bff4a) and below are some interesting excerpts from this: + +*"Furthermore, some people claim that the pandemic is a “Black Swan”, hence something unexpected so not planning for it is excusable. The book they commonly cite is The Black Swan (by one of us). Had they read that book, they would have known that such a global pandemic is explicitly presented there as a "White Swan": something that would eventually take place with great certainty.* + +*The bailouts of 2008–9 saved the banks (but mostly the bankers)... Bankers who lost more money than ever earned in the history of banking, received the largest bonus pool in the history of banking less than two years later, in 2010.* + +*That was a blatant case of corporate socialism and a reward to an industry whose managers are stopped out by the taxpayer. The asymmetry (moral hazard) and what we call optionality for the bankers can be expressed as follows: heads and the bankers win, tails and the taxpayer loses."* + +Some of what Taleb wrote seems to me to be foretelling some of what u/Criand and u/Atobitt plus others have recently written about. Namely that the entire financial system is on the edge of a precipice, and when it crashes the powers that be will claim it was unpredictable. When in truth it is caused by their own actions, with those actions actually *designed* to cause a market crash. And yet they will almost certainly still try to retrospectively apportion blame, using the third criteria of the theory: + +*"Third, in spite of its outlier status, human nature makes us concoct explanations for its occurrence after the fact, making it explainable and predictable."* + +Who will be the scapegoat? Given the financial hell hole that most of the world may have descended to by then, they will try to find an easy target. One that has no leader, and thus no central point to defend itself. And by then, running counter to the rest of society, whose 'members' would have done rather well for themselves through the crash... + +**Triggers Of Black Swan Events** + +I refer, of course, to you Apes. No doubt we shall be at or near the top of their blame list for why the next Black Swan event takes place: the great market crash of 2021. Complete nonsense, of course, and a narrative that we must resist and educate others about. (Hence one of the reasons why I am authoring this post: for posterity. I want to point out, to any who might come to despise me and Apekind after the MOASS, that they are buying into nothing more than fictionalised propaganda.) + +However, I do think these detractors will be right about one thing: Apes and the MOASS will be at the very heart of the 2021 market crash. Not as the *cause* of the whole event, but as the final *trigger* - pushing the first falling domino - at the end of many years building up to it. What do I mean by this? Let's revisit the examples that Taleb gave in his book, and my own identification of the culminating triggers of these Black Swan events: + +**Rise of the Internet/WWW** +The Internet has been around since the1960s, so a lot longer than many people are aware of. But for many years it was the preserve of the military, academics and a few nerds. The *trigger* that exploded it was Sir Tim Berners-Lee (https://en.wikipedia.org/wiki/Tim_Berners-Lee?wprov=sfla1) inventing the WWW in 1989. Within four to five years of his invention, we already had much of what we have now. And reddit was to come just a few years after that! + +**Outbreak of World War I** +Europe in 1914 was a tinderbox waiting to explode. For a century since Napoleon's defeat, the *Pax Britannica* (https://en.wikipedia.org/wiki/Pax_Britannica?wprov=sfla1) ensured that no widespread conflict could take place on the continent, or indeed the world. However with the Ottoman and Austro-Hungarian Empires in decline, and the rising industrial and militaristic power of Germany towards the end of this period, Britain and its ally France could see major shifts on the horizon. The complex mutual defence treaties made between the various actors were suddenly called into action, by the *trigger* event of the Austrian Archduke Franz Ferdinand being assassinated by a Serb on the streets of Sarajevo. Four years and 20 million deaths later (plus perhaps another 100 million due to the ensuing Spanish Flu pandemic), the world was transformed and in disarray. + +**Collapse of the USSR** +"The end of history", as the political scientist Francis Fukuyama called it at the time. Perhaps a hyperbolic statement, even to many at the time, but it was certainly seen as a complete shock and re-drawing of both maps and mindsets. The need to keep up with US defense spending through the 1980s meant that the Soviet central planners were constantly struggling to juggle resources: deliver basic necessities to its people, develop new military and non-military technology, sponsor other actors across the world to compete with the West etc. Disasters such as the failed invasion of Afghanistan, Chernobyl and the *trigger* of Mikhail Gorbachev's "slippery slope" efforts at reform called Glasnost (https://en.wikipedia.org/wiki/Glasnost?wprov=sfla1) +and Perestroika (https://en.wikipedia.org/wiki/Perestroika?wprov=sfla1), accelerated the eventual dissolution of the country at the end of 1991. + +**September 11th terrorist attacks** +Osama bin Laden's 1998 'fatwa' of a holy war against the United States stated many reasons including its unequivocal support of Israel, tacit support of oppressive governments throughout the Middle East, and the First Gulf War invasion of and continued sanctions against Iraq. I believe this declaration (https://en.wikipedia.org/wiki/Fataw%C4%81_of_Osama_bin_Laden?wprov=sfla1) was the *trigger* for that fateful day three years later, as it drew the men and money that helped to carry out the attack. + +**MOASS: The True Black Swan Of Our Age** + +So am I saying the 2021 market crash is going to be one such Black Swan event, similar to these ones above? Not at all. The very nature of financial markets means that crashes are inevitable events. And entirely predictable too, as many of the DDs on this subreddit have already stated. Yet, they will say that the crash is a Black Swan event, and the Apes are to blame. But they will be lying, and knowing very well that they are lying. + +The **true** Black Swan event will, in fact, be the MOASS. Let me remind you once again the three criteria that Taleb gave: + +*"I stop and summarize the triplet: rarity, extreme 'impact', and retrospective (though not prospective) predictability."* + +The MOASS will be not only rare, but in fact *unique*. All the rules that the DTC, OTC, SEC etc. have been bringing in are to ensure that Apes can never win under these circumstances ever again in the future. + +The MOASS will have an extreme impact on the lives of hundreds of thousands of hodling Apes. That's what generational transfer of wealth precisely is. And let's not forget the extreme impact it will have on thousands of short sellers... + +As for retrospective predictability, this sub is a testament to that! Not many know about all the great DD here, precisely predicting why the MOASS is inevitable, and that has convinced the Apes to buy and hold. As for the prospective part? Well, all that we know is still confined to such a small group, than in effect it will come as a huge shock when the Apes are proven right! + +So enjoy this experience, Apes. You are helping to trigger a true Black Swan event. In fact, **the** Black Swan event of our age. A MOASS and a MOABS in one! In years to come, there will be books and documentaries and even movies made about these days we are living through. The end of history, indeed. + +**TL;DR** + +Black Swan events are extremely rare and unpredictable events, in many cases causing major shifts in the future direction of world history. The government, big banks and the media will declare that the impending market crash is a Black Swan event caused by the Apes. However it will be no such thing - they have caused their own very predictable downfall, and MOASS is merely the trigger of their demise. It is the MOASS that is the true Black Swan event...never before and never again. +Hi guys. Recently moved to a new property which only has electric heating. It’s a small 36 sq meter flat with 3 heaters, 1 x 3kWh and 2 x 2kWh totalling a 7kWh output to heat the whole flat. + +The landlord says that the windows are newly fitted and double glazed (which I believe), however the average temperature inside is 12-13 degrees if I don’t turn the heating on (when outside it’s 2-3. I’m assuming it’ll fall further lower when it gets colder). + +I work from home and need to be comfortable and not get sick in my own flat but assuming I want to have the heating on for 8 hours a day, this totals to 56kWh (£20) for all radiators or 24kWh (£9) having only one (Having only one running barely reaches 20 degrees inside the property). Isn’t it too much?! + +I’ve bought blankets to wear when working and a portable fan heater of 0.9kWh output just to target me when working. Now about to buy long hot water bottles in order to keep them on me. It just seems absurd though, this should be that expensive - if it’s like that for me how is it for the homeless and the people on benefits? + +Is the only alternative to move out? I have another 1.5 year left in this contract and the market in London is a hot fing mess right now…. + +Thanks and sorry for the rant. +Considering what the average person in London pay for bills , responsibilities, housing , treating themselves time to time, etc. + +If you had to put down a salary of what an average person in London should be content with - please share below - would love to hear everyone’s opinions on this + +Thanks for your time +I am currently working part time and studying part time and claiming universal credit to top up. I am a single mum in my 30s with 2 young children. I will soon be recieving an inheritance of somewhere between 60000 and 80000. + +I'm hoping to get some advice on how to get the most and really invest this money in the future. My benefits will obviously stop so I will need to pay for general life and I'm going to get driving lessons and a car which will hopefully help with job opportunities. + +Does anyone have any ideas on how I can best use this money long term? + +Thanks + +Edit: can't edit the title so just thought I should make clear I will be coming off benefits when I receive the money. I have no intention of ever needing to rely on them again hopefully. I have just never had money before and have no clue what a responsible thing to do with it is to benefit us long term. +I am legitimately baffled by this... the CNBC lady admitting it on the air, I get it. I get the hysteria and honestly the level of comedy. + +But I really didn’t know (my brain is as smooth as a balloon) that her saying this on the air basically translates to THE WORST KEPT SECRET OF ALL TIME being “exposed.” + +I honestly still can’t wrap my head around this “fallout” from her basically saying the sky is blue but I’m all for it + +BUY HODL ETC 💎 +Im in IT and work for one of the big 4. I’m thinking of jumping ship because they’re not increasing everyone’s pay this cycle, only doing promotions this time around. +There’s a rumour going around in the office that companies are budgeting for redundancies and plans to make all recent high paying hires redundant as soon as hiring demand goes back to pre-Covid. +I’m getting offers from recruiters for jobs that will increase my salary by 75%. Im worried that if I move on, I’ll be made redundant once things goes back to normal. +I’m not sure if I’m overthinking it or there’s some truth to the rumour. +Have you heard about this rumour or something similar? What do you think? +Seems like a solid product , especially if you’re willing to stomach market movements + +I don’t understand why this isn’t more popular amongst investors? Seems like it’s a niche product + +What am I missing :/ ? +Hi, + +My partner and I have purchased a home and as such will be vacating our rental in the coming weeks. Since we have been here the dishwasher died and after moving in, discovered there was no tv antenna. We had both of these installed with the owners permission but now I am wanting to take them with us to the new house. + +Would I be entitled to do this? +This post is in reference to $GME but it applies to the stock market in general. Don’t let anyone tell you when you should or should not buy. Don’t let anyone tell you when you should or should not sell. It is your money and your decision. 3 weeks ago when GameStop touched back down to $40 I was talked out of going all in. It is my money and I should do what I want with it. If you decide you want to sell GameStop next time it touches $280 or $300 then sell, it is your money. Don’t listen to people here telling you that they are counting on you to hold to stick it to the hedge funds. Trading/investing is a one man game. No one here is going to support you if you go broke so don’t go broke listening to what other people tell you is the right thing to do. Good luck everyone. +I find it hard to believe hell go into these meeting with an unbiased approach knowing that his biggest donor to his campaigns is the biggest bank that trys to kill bitcoin on a daily basis by closing bitcoin related buisness acts. Judges are by law expected to excuse themselves from a case if they have some relation or insider knoweledge to the case. What gives senators special treatment. + +Thoughts? + +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. + +As a kid in high school that wishes to be FI when he is older, I was wondering now you have every day off, what do you do all day? Do you wake up late and play video games all day? Do you have a side business? +This post is in continuation of a series of posts I made in the previous weeks. The response I received was amazing and a lot of you were asking for continued weekly updates. I have also added the Week-on-Week stock price change due to popular requests. + +The market, in general, has continued to rally strongly and it has been a pretty good week for investors. The top growing stocks I [shared last week](https://www.reddit.com/r/wallstreetbets/comments/ntlyqy/i_built_a_program_that_tracks_mentions_and/) had made an average return of 6.6% with Workhorse Group making a whopping 19% return in one week! Now, let’s jump right into this week’s list! + +**Most Discussed Stocks of the Week** + +https://preview.redd.it/p9znai9z91571.png?width=1042&format=png&auto=webp&s=064000d3d54a7e847dc1bec4905f9380db5e05c8 + +AMC and BB are now the top 2 most discussed stock! Both generated almost the same amount of discussion, but investors, in general, were more bullish about Blackberry as reflected in the sentiment. The returns on both the stocks were muted with AMC and BB returning just 3% and 2% respectively. ECommerce platform ContextLogic(WISH) had a wild ride with the stock rising 90% and then dropping 46% over the next two days. Investor returns wise, Clover health is the front runner returning an insane 67% in one week. Also, Tesla dropped out of the top 10 list for the first time in 2021! + +**Top Growing Stocks of the Week** + +[ ](https://preview.redd.it/s5j78yn0a1571.png?width=1233&format=png&auto=webp&s=241763eda48057740436f648ba342b56a7999cd4) + +Above is the list of stocks that have exploded in the number of mentions throughout social media. + +**Wendys($WEN):** This was definitely a long time coming. Wendys shares soared more than 19% on Tuesday after the company became a meme stock in Reddit. There was no new fundamental news from the company that changed the investment perspective other than an announcement that the company will bring back its popular Summer Strawberry Chicken Salad. + +**Clover Health($CLOV):** had its best week yet since inception with the stock returning 67% in just one week. Reddit investors sparked another rally with the stock price soaring more than 200% and then fell sharply! The stock was trading at 6 times the normal volume. Even though the company has an optimistic business model, the current rally was predominantly driven by CLOV’s high short interest (43%)! + +**Senseonics Holdings($SENS):** $SENS exploded in mentions and the stock jumped 22% during intraday trading without any new news from the company. Its a small Maryland-based pharma company, which specializes in the development of products made to ease the burden of diabetes monitoring. The company had announced news of a promising trial but that was long back. The current rally was majorly based on its short interest (25%) and increasing chatter! + +**Clean Energy Fuels($CLNE):** $CLNE had a wild week with the stock shooting up 31% on Wednesday due to the retail crowd but then promptly tumbled 17% in Thursday afternoon trading. The drop was due to the information that its largest shareholder reduced their stake in the company by 1.25 Million shares. The retail crowd is still extremely bullish on the stock as seen by the sentiment. + +**Invesco Mortgage($IVR):** The company had a spectacular crash at the beginning of the pandemic with the shares losing almost 90% of its value. It has been growing slowly over the past few months. The stock was trending in relation to the current uncertainty regarding inflation rates and how Fed is going to adjust its rates. + +**Honorable Mentions:** ContextLogic($WISH) chatter grew by 487% and UWM Holdings($UWMC) by 373% but were not high enough to make the top 5 list. Another interesting finding from my program is that mentions of CPI (Consumer Price Index) grew by more than 900% last week showcasing the rising discussion about inflation and its impact among investors. + +Hope you enjoyed this week’s top stocks issue!   + +*Disclaimer: I am not a financial advisor.* +Allow me to explain. + +All these MSM reports of "reddit has moved on to XYZ stock!!" is bullshit. They are either framed in a positive or negative tone, usually negative, to attempt drive a price in a certain direction. Negative implying "oh shit, a bunch of idiot newbie investors are going to pump up and dump a stock!" or positive in that "some of the clever internet sleuths have found the new buy!" + +Whatever it is, it's not to help you. It's to manipulate the market. + +MSM is not your friend, if you followed CNBC's investing advice exactly, you'd barley beat inflation with your gains. They literally exist to regulate sentiment in the population. And while you SHOULD watch these things, and read crap like WSJ sometimes to get a feel for what kind of BS they're trying to shill or what ideas they want you to absorb... you DON'T make money listening to these sources. + +Reddit has gold on it. Most of you people are idiots, but some are actually extremely educated and intelligent investors who decide to share their golden nuggets with us. +I’m just learning. So I’m curious how goes shorting work? When you are finally approved for your short, is there already a decided price? Does the original owner sell them at a agreed price and you get the funds? Or do you just get the exact shares you requested and it’s up to you to sell whenever? Basically selling to begin the short sale? +I just want to share this because I see a lot of success stories but not a lot of fails. I just want to help balance out the conversations to paint a more accurate depiction of trading outcomes. + +I was pretty deep in an altcoin when the price was about $0.17. I sold out of the coin a few weeks ago. Last week the coin pumped to nearly $5. I would have made $260k if I just held onto it. This would be life changing money for me. Although having those gains would be great, it didn’t really stress me out when I realized I missed out. + +Moral of the story is: It’s easy to see the success stories and get FOMO or feel inadequate about you’re own investment gains. Just keep in mind, stories like mine are just as common as the success stories. +Since I (27f) was about 14 I had to help my mother financially. And now at the 27 I STILL feel like I’m tied to my mothers hip. I’ve sacrificed going to nursing college, moving to the south like I always wanted and so many more things. + +I was crying to my boyfriend 2 weeks ago regarding how exhausted I am. And how badly I want a chance to achieve MY goals. + +God heard the prayer I’ve been praying for the past nearly 20 years... + +My great uncle who passed unfortunately left instructions and gifts for each his immediate nieces and nephews... + +I’M RECEIVING A $35,000 CHECK IN 4-6 WEEKS. . . I’ve been crying nearly all day. + + +God heard me. + +(PS, For those mentioning my joy despite his death. He was not a nice man. Judging by the stories my family and family friends say , his time has come) +I'm posting this here because most other places the question is more about whether you have the money or not. Here we can assume we have the money and it's a question of whether it's worth it. + +I'm having a hard time determining how to evaluate things like travel, houses, cars, because I don't have a good baseline any more. Are you still basing value off 2019? Or are you just looking at what works today for what price and moving forward with that? +In March 2015, I, alongside my business partner, sold 75% of our business to a private equity firm. The terms of the deal were $XMM in cash and $YMM+4% annual interest in an unsecured promissory note that is (was) due on March 2nd 2020. We still own 17.5% of the company to this day, but do not have any contact anymore with management. + +I emailed the plan sponsor about our payment on March 2nd and never heard back. Okay, maybe I am wrong, maybe it is due March 30th rather than 5 years exactly from the day we sold (we sold on March 2nd). Maybe due to COVID no payment can go out. Benefit of the doubt basically. Never hear back. Fast forward to today - I call the Private Equity firm and am immediately referred to their outside counsel. They were really shady about it, asked if I was recording the call, told me to formally request whatever it is "that I may think I am entitled to" in an email or letter. This was a few hours ago. + +I am calling my lawyer tomorrow, but wanted to see if anyone has been in this situation before. I looked at past docs from the data room (amazingly we still have everything on dropbox!) and came across the "Unsecured Promissory note". It looks like when we sold, we actually rolled over 17.5% of our equity into a NEWCO that is a holding company for my original business. The promissory note is from NEWCO LLC. So basically I have no form of personal guarantee from Private equity and the company is super leveraged due to dividend recapitalization done by private equity (they had preferred dist. on this). Not sure what I do here? Do I get a judgement and seize computers/drilling equipment/etc? There really isn't much hard assets like inventory or PPE. I know that the company also has a credit agreement with their bank so I don't think I could seize AR or really even cash as that would break a covenant. I am very confused. Any advice would be wholesomely appreciated. + +&#x200B; + +PS- I am definitely seeking legal advice in AM, please do not message solely "get legal advice asap, dont be here". I actually value folks that have experience similar to mine. Sometimes even in the best of lawyers you don't get advice from someone who has experienced what small business owners have. +In a nutshell, I may be offered a job where being a contractor is the easiest route - foreign company with UK subsidiary. Per the CEO, contractor would be best to "start." + +Of course, not an employee = no benefits. A while back, I asked US redditors what benefits are worth. The consensus was around $30,000/a year. Given US healthcare costs, I imagine the figure is lower in the UK. + +The offered salary is £60-90k DOE. I'm aiming for higher end, hoping to leverage the contractor setup to negotiate. + +**How much are benefits worth?** Basically, by how much could I "ask for more" on account of no benefits? + +So far, in my head: +Holidays, about 1/12th of the salary +Health insurance +Pension, 5% of the salary +Sick days +Not fussed about wellness crap +While U.S. Securities and Exchange Commission is highly critical of the PFOF business model ([Barron's](https://www.barrons.com/amp/articles/sec-chairman-says-banning-payment-for-order-is-on-the-table-51630350595)), German government is now championing it. ([Wirtschaftswoche1](https://www.wiwo.de/finanzen/boerse/trade-republic-und-co-etappensieg-fuer-die-neobroker/28238810.html)) + +**PFOF = Payment For Order Flow.** Brokers no longer send our buy orders to transparent and regulated exchanges, but to unregulated trading venues. The brokers receive a commission for this from the broker. The operators of these trading venues then use the internalized orders of retail investors to make trades for themselves. ([Wirtschaftswoche2](https://www.wiwo.de/finanzen/boerse/trade-republic-scalable-capital-justtrade-die-versteckten-kosten-der-neobroker/28189534.html)) + +European Parliament actually wanted to ban PFOF. ([Finanzszene](https://finanz-szene.de/digital-banking/deutschland-torpediert-payment-for-order-flow-verbot/)) The Netherlands still wants to implement this ban, but governments like the German government and the Baden-Württemberg state government ([BW](https://www.baden-wuerttemberg.de/de/service/presse/pressemitteilung/pid/land-setzt-sich-erfolgreich-fuer-fintechs-ein/)) want to use it to promote "innovation". Unfortunately, this buzzword is a favorite term of lobbyists to convince politicians with fetching phrases. + +Gary Gensler, head of SEC, is highly critical of PFOF, because it could prevent small investors from getting the best price. But that is a legal requirement. Moreover, a conflict of interest is imminent. No market participant should be allowed to make securities trades on the stock exchange for his own account when he is in advance of knowing the buy and sell orders of many thousands of small investors. In addition, PFOF trading systems are questionable under antitrust law. ([Reuters](https://www.reuters.com/legal/litigation/us-sec-chair-gensler-staff-recommend-rules-ensure-fair-competition-between-2021-06-09/)) + +**What interest does the private operator of the trading venue have in PFOF? Why does he even pay for a broker to send him all the retail investors' orders?** - Because he can use this data to make quick trades for himself, even before execution for the retail investor. In PFOF, brokers and private venues trade against the retail investor. The small investor does not get the best price, but only that, from which the market maker already profited. + +**Example:** With broker ABC it comes to the fact that 2,000 small investors have high interest in a certain share and want to buy those at the same time. The broker does not execute the purchase orders itself at a public stock exchange, but sends the purchase orders to a private company. This company pays the broker for the right to receive this data. Our fictitious private firm, let's call it CTDL, owns a high frequency trading system. This allows this private firm to trade stocks one thousandth of a millisecond faster than other market participants. If the buy orders of our 2,000 small investors were settled individually on the stock exchanges, then the price of the stock would naturally rise gradually. But the private company now is holding back all the buy orders from the small investors for a few seconds. The company quickly buys at even cheaper prices than the retail investors and then sells the shares to the retail investor at a slightly higher price, but still in line with their buy order. (By the way, let's say the delay before the retail investor gets his shares to his account is only 5 seconds. But that is half an eternity for high-frequency computers, which can act in the millisecond range. 5 seconds is 5000 milliseconds. What kind of business can such fast, automatic trading systems do in this time?) + +**Surely we don't have to care if a private trading place takes fractions of a cent profit from us?** - Wrong! The natural economic law of the relationship between supply and demand is thereby suspended. It is no longer the demand of thousands of individual market participants that determines the price. Instead, a few large private companies with unregulated high-frequency trading systems try to steer supply and demand to their own benefit. + +In my opinion, stock trading should take place on regulated and transparent exchanges and not in unsupervised trading systems operated by private companies. Liquidity on regulated exchanges should not continue to dry up as more and more private trading venues handle orders internally. I don't know why this is important to me.... 😏 + +German. Retail. Investors. Need. Urgently. Engage. And. Educate. About. PFOF. +I know this isn't /r/relationships, I'm not expecting relationship advices. We communicate very well and respect each other's goals. He knows of my FIRE goal and is excited for me, but it's not his thing. + +At first we will definitely have only one bank account in the US, since I'll be the one employed and he will still be looking for work in a new country. + +But after we're established, what are the best options? Has anyone go through FIRE with an SO that didn't have the same goals? + +Should we keep our investments together, or is it better to keep it separate? + +Edit: some great responses, but mostly a lot of relationship advice and a lot of negativity. Just one remainder: someone not actively pursing FIRE is not the same as a spender who is not considerate of someone else's money. + +In my particulate situation, both of us live frugal lives and save a lot of money. Both are considerate of a comfortable retirement. But I want to do it early, adjust my career accordingly. +So I have recently interviewed with a company that gave me a very soft offer yesterday. They essentially just emailed me saying "hey we are gonna offer you, oh and BTW what is your salary expectation?" + +Normally when I've received offers, *they* come out with a number to begin with, but this kind of threw me for a loop... I figured if I could keep them from getting a number out of me in the interview phase, it would then leave the ball in their court, but now they've just bounced it right back. Can anyone provide some advice on how to best proceed from here? +I get a lot of questions over messenger about the Portugal GV, & have discouraged some because time was running out on the program (aside from very rural areas or high-risk investments) - the government had indicated it would shut down early this year. + +Great news - it's [just been extended through 2022](https://www.portugalresident.com/portugals-golden-visa-programme-extended-to-january-2022/?fbclid=IwAR378ctC4fKaMOtFe2L1vGcl7fIKn1OLBI7thUYxU7XM_lvzqh-7LwtqKEc). If you are thinking about it, get going. It takes a while - for us, 8 months from closing on our house, but usually 4-5 months non-pandemic times. + +We have 0 regrets. +Hello Fatties :) + +Some of you (OK, about 3 of you...) asked for an update on how I intend to waste my time between jobs a.k.a sabbatical. Here's the original post: [https://www.reddit.com/r/fatFIRE/comments/w7nx63/i\_have\_6\_weeks\_before\_i\_start\_new\_job\_i\_consider/?sort=confidence](https://www.reddit.com/r/fatFIRE/comments/w7nx63/i_have_6_weeks_before_i_start_new_job_i_consider/?sort=confidence) + + I took some suggestions (reading, sailing, trip) and disregarded others (plastic surgery, lol). Generally healthy so didn’t need to do major check-ups etc. Admin is every Sunday morning so was on top of that and I automate as much as possible. I point this out as I know these were some of the sensible recs. I did end up helping family members attend medical appointments and enjoyed my time with them as well. + +More detail: + +I read more than 3 books in Fiction and Non-Fiction categories as recommended by one Fatty. I've highlighted the Non-Fiction ones in case of interest: + +Principles – Ray Dalio. I kept hearing about this and whilst it's OK, I didn't love it. I found his personal story about building BA more interesting than the principles which to me amounted to: measure everything, including mistakes to then iterate better. + +The Greatest Trade Ever – Greg Zuckerman. Excellent book; I cannot recommend it enough. It read like a thriller and I finished it in about 3 days. If you’ve read it, share your thoughts! One of my key takeaways was just how blurred the line is between insider trading and ‘friends chatting over lunch’. Paulson gave quite a few of his friends the tip to short sub-prime. I wish he were my friend at the time! + +The Gambler – William C Rempel. About the less known billionaire Kirk Kirkorian. His rise was interesting but I didn’t find myself that engaged with the story and was a slog to finish. No doubt his story is phenomenal. + +I read others but given this is FatFIRE I thought I’d focus on the 3 vaguely relevant ones for this sub. + +Trip – I decided to visit a friend in London as the travel chaos seemed to have settled down. I stayed there and did all the touristy things (I have visited many times so familiar with it already). + +Sailing - I got some sailing lessons. I prefer tennis to be honest and decided to devote more time to that. + +Views on FatFIRE: initially I was bored (which prompted the original post). I think because I had been working since 18, I was at a loss and thought I didn't enjoy void periods and therefore wouldn't enjoy FIRE'ing. After about 3 more weeks, I really got into the rhythm of it to the point where I'm fairly sure the start-up I've joined and am due to start with on Monday is unlikely to thrive given macro-economic situation. The network they want to tap me for is keeping its powder dry so unlikely to deploy capital at the current stage of the economic cycle. If that happens and I get made redundant, I think I'll pivot to doing something else entirely or at least something no more than 3-4 days a week! + +Happy to answer any questions in case it helps fellow Fatties. I learn so much from the Sub as a lurker so want to contribute if I can :) +Throwaway account... + + +Married, two kids under five. Mcol area. Net worth $2.5MM. FI 3-5 years, RE 8-10 years. + +Annual HHI is around 530-550k, this has increased over the past few years as my job has blown up. My total comp is around 400 (50/50 salary/bonus) and my wife is around 130-150. + +There’s been a lot of shakeups at my work. The bonus is pretty solid (famous last words) but I see the next 2-3 years as rebuilding. + +Up until a week or so ago, I was ready and able for the challenge. Not looking. Until I got a call from the CEO of a competitor asking if I was open to making a move. + +Fast forward a few conversations, and they have given verbal offer for a total comp range between 375-750. Essentially giving a little downside and much more upside. The incentives would be formula based, and we are working through those mechanics. + +Some other factors: +1. This would be totally remote. Probably saving me an hour daily commute (30 min each way). Parking. Gas. Hassle. +2. It would be a slightly different role but would be an opportunity to grow, but with a smaller initial sphere of management / oversight +3. I have two big initiatives at my current job that I would leave behind and would want to make sure I didn’t leave with a sore taste in their mouth +4. I’d sit out a short noncompete phase +5. I’d be walking away from a 50k mid year bonus and c30k deferred comp payment that would be made later this year + +My questions are: +1. What red flags should I look for, especially in making sure the new bonus range is achievable? +2. What wfh perks or resources should I ask for? +3. Should I ask for #5 above or some kind of advance? +4. If the total comp Floor is 375, should I ask for that as base (even for the first year)? + +Thanks for reading and your thoughts. +Does anyone own real estate in ski resorts and rent them out? How much can you realistically outsource such that you don’t have to do much if at all to keep getting rental income? + +Also - thoughts on current cap rate trends in ski resorts? Looking at Colorado and Vermont. +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. +The world’s most valuable car company just hit another milestone. + +Tesla ’s (ticker: TSLA) market capitalization on Wednesday topped $400 billion. About two months ago, it was celebrating $200 billion. It first hit $100 billion in January. + +Tesla passed Johnson & Johnson  (JNJ) along the way on Wednesday, in terms of market cap. There are only seven companies in the S&P 500 index worth more, including Visa  (V) at $447 billon and Apple  (AAPL) at $2.16 trillion. + +There is a lot you could buy for $400 billion. Here are a few notable comparisons to put that figure in context. + +It’s more than the combined value of every team in the four major U.S. professional sports, according to Forbes estimates. It’s also more than the Forbes estimate for the combined net worth of Bill Gates, Mark Zuckerberg, and Tesla’s own CEO Elon Musk. + +It’s nearly four times International Business Machines ’ (IBM) market cap. + +You could buy 400 billion things at a dollar store—or just buy Dollar General  (DG) and Dollar Tree  (DLTR). + +It’s also more than the individual gross domestic product of Israel, Ireland, and Hong Kong. + +With $400 billion, you could also stockpile about 181 billion regular gallons of gas, based on AAA’s U.S. estimates. You could drive 5.79 trillion miles, if you averaged 32 miles per gallon. That would take you around the Earth 232.5 million times. + +If you are into electric vehicles, $400 billion could get you 10.53 million of Tesla’s basic 2020 Model 3. Of course, such a sale would cause price targets to soar. And Tesla would need a few more factories to turn out that many vehicles. The company only delivered about 90,000 vehicles in the second quarter. + +Source: Barron's + +Thanks for the awards. +As news of Queen Elizabeth's passing reached crypto markets, over 2 dozen Elizabeth themed meme coins have launched just in the past few hours! Some of them are even flying + +[These are some of the Queen Elizabeth themed coins that have launched](https://preview.redd.it/dupjqgcvwom91.jpg?width=828&format=pjpg&auto=webp&s=d0b2d78823bb667b9aa97afafeeafa189befd24d) + +Some of them like Elizabeth Inu are even pumping right now. + +[Some of them are up over 600&#37;!](https://preview.redd.it/w3pgvqi0xom91.png?width=749&format=png&auto=webp&s=4fafb9a316b4c5d47998452122788b6ec80a010c) + +It seems most of them have launched on the Binance chain platform. + +Needless to say, most of these are nothing but pump and dumps. + +Some of them even have 50k volume! Who the hell even trades these? + +We deserve the longest bear market ever. RIP Queen Elizabeth +Anybody know a good divorce lawyer? I can’t read, but my wife’s BF said to get this done ASAP, before I’m a millionaire, to keep her paper hands off my diamonds. + +We aren’t here to make a few hundred dollars. + +We’re here to make a better world. A fairer world. + +I entered the shithole job market at the beginning of 2008... + +I watched friends take on tens of thousands of dollars of debt to get college degrees where they can’t find a job. + +Then slowly, I’ve watched a time of unprecedented prosperity for our country, but somehow wages are stagnant (once inflation adjusted) as they have been for decades. + +I didn’t put in a lot, I did what I was willing to lose. I rode from $330 down to $45... I averaged down a few times, to have 50 now. + +I’m just your average guy, and I’m gonna HODL till the hedgies are begging for mercy. + +I’m gonna HODL for the biggest transfer of wealth from rich to poor in human history. + +I am gonna HODL, but I’m not a financial advisor, this is not financial advice. + +TLDR: I’m a retard who likes the stock. +🦍💎🦍💎🦍💎🦍💎 + +EDIT: From rich to poor +**What Does ChainLink Do?** + +In a nutshell, ChainLink aims to solve the connectivity problem, a key limiting factor for smart contract usability, and whilst it's an ERC-20 token it will not be limited to just the Ethereum blockchain. + +What makes $LINK so special? Well, it's the first **decentralized** oracle network; allowing anyone to securely provide smart contracts with access to key external data, off-chain payments and any other API capabilities. Anyone who has a data feed, useful off-chain service such as local payments, or any other API, can now provide them directly to smart contracts in exchange for LINK tokens. + +**Partnerships** + +I will keep this brief, as you can see a full list of current and potential partnerships on https://www.reddit.com/r/LINKTrader/comments/7mob78/list_of_chainlinks_partnershipsprojects_using/ + +But the main ones to look at are + +- Zeppelin OS +- Town Crier +- Request Network +- SWIFT (we know SmartContract, the company behind ChainLink, are working with SWIFT on improving the efficiency of their bond payments, but nothing official regarding LINK & SWIFT yet). + +**The Pros** + +ChainLink has steadily been gaining traction ever since its downfall after the 4chan/reddit SIBOS hypetrain crash (post September). It's remained around the 90-100 rank mark and has yet to really "moon". + +- One of the strongest and most technical whitepapers out in the space atm (https://link.smartcontract.com/whitepaper) +- Team has been working on this for 3 years and initial testnet is due to be released in Q1 +- Zero competition and first mover advantage even if there was (other oracles are currently centralized) +- Etherscan shows that soon 95% of all available circulating LINK will be consolidated into less than 15,000 wallets and that continues to shrink as more people try to chase pumps, they're being shaken into stronger hands. As soon as Sergey's saved up LINK is finally handed over to institutions we'll see the price jump by increments of dollars and it'll be way too for most people by then (https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca) +- Team is actively hiring more developers and a head of marketing +- Only on one major exchange, so price likely to increase when listed on further exchanges + +**The Cons** + +- Team is focused on development rather than shilling (take TRON for example) so lack of news/tweets to get normies on board (can be taken as a pro as you're still considered early) +- The 4chan meme token +- GitHub is private whilst the team work on moving from RoR to GO for Q1 Intitial Testnet release. +- Not all team members listed on the website + +**So what makes ChainLink valuable?** + +The LINK token is used by smart contract owners to pay chainlink nodes for getting data from them and the more LINKs an oracle node has, the more reputable it is. So oracle node providers are incentivized to hold as much LINKs in their chainlink nodes to appear more reputable to the chainlink network, gaining more usage and profit + +(Taken from a comment on https://www.reddit.com/r/CryptoCurrency/comments/7nwis4/why_i_believe_chainlink_link_is_the_most/) + +Most importantly, LINK can (and will be) used for data request penalty payments to ensure that node operators provide the requested data. Penalty payments are LINK tokens that are required to be held in escrow by the smart contract. They are paid to the smart contract creator in the event any of the node operators do not meet the required data requests as stated in the smart contract. This provides an incentive for smart contract creators to trust node operators, knowing that they have a form of financial insurance (the penalty payment) in the event a node (or nodes) submit bad data. + +For information that will trigger high value smart contracts, smart contract owners will want to require a proportionate amount of link to be held in escrow as penalty payments by the node operators. When link is tied up for penalty payments, it is released over the life of the contract. For example, let’s say party A wants an API snapshot sent every day for 30 days. If the penalty payment for the contract is 300 LINK (per node operator), then each node operator will have 10 LINK released to them at the end of each day – receiving the full 300 LINK at the end of the 30 days if they successfully performed the data request the smart contract asked for. Now imagine the smart contract creator wanted 10 node operators. That means 3000 LINK is taken off the market immediately, and 100 of that 3000 is released each day from the smart contract to the individual node operators (10 each per operator, assuming they provided the requested data). A cycle will be created where more and more smart contracts will make requests and node operators will be limited only by the availability of their LINK tokens to be used for penalty payments. + +Add it all together and you have a singular payment method for a desired network (the most secure external data oracle), lots of supply constantly locked up to have enough link for signaling purposes (the reputation boost for a node operator), financial insurance for smart contract creators (penalty payments) for increasingly valuable triggering data in a wide variety of smart contracts, and a network poised for growth as more adapters are built and more API’s become available so that dapps can thrive on any blockchain network. Yes LINk is an ERC20 token, but it is blockchain agnostic and the adapter network can continue to grow. + +**LINK can also be staked!** + +LINK staking is another big thing that will do wonders for Chainlink's valuation. Turns out Chainlink oracles can be made into pools, similar to mining pools on bitcoin and ethereum where multiple people come and put their LINKs together to run a more secure oracle node and distribute the profits fairly between each other. This will be huge as it will effectively allow you to stake your LINK tokens and earn more of them passively without doing anything. One such pool in development is LinkPool (http://www.linkpool.io/). + +**Where do i buy and store LINK?** + +You can currently buy LINK at the following exchanges; + +- Binance +- Coss +- EtherDelta +- IDEX +- GATE +- Okex + +As an ERC-20 token, you can store LINK on your ledger or MEW wallets. + +Here is a well written guide on how to purchase LINK https://www.reddit.com/r/LINKTrader/comments/7gglfv/how_to_buy_link_chainlink_token/ + +**Sources of Info For Own Research** + +- The Whitepaper (https://link.smartcontract.com/whitepaper) +- Their Website which will soon be redesigned (https://www.smartcontract.com/link) +- ChainLINK FAQ (https://clfaq.smartcontract.com/) +- Technical Community Manager blog (https://medium.com/@cl_thodges) +- https://www.reddit.com/r/LINKTrader/ + +P.S CEO Sergey Nazarov speaks at Bitcoin super conference next month too https://www.bitcoinsuperconference.com/speaker/sergey-nazarov/ as well as speaking at SXSW in march alongside Tom Gonser who is the founder and former chief strategy officer of DocuSign. + +https://chainlinknodes.com/smartcontract-ceo-sergey-nazarov-speak-sxsw/ + +**Sorry, All sounds great but i only invest based on TA** + +Good news, if LINK breaks 7k sats we're in for a moon too! + +Edit: updated TA + +https://uk.tradingview.com/x/GEBhGcKz/ + +**Added from comments** + +Don't forget that AXA Insurance and Sony Corp did a test smart contract on their platform last week: https://create.smartcontract.com/#/contracts/fa4703cb68e3c152a9f47bafd57fe1fa + +AXA Insurance has announced that they will be implementing blockchain: https://group.axa.com/en/newsroom/news/axa-goes-blockchain-with-fizzy + +Facebook Director of Engineering joins ChainLink: https://www.financemagnates.com/cryptocurrency/news/facebook-director-engineering-joins-chainlink-advisory-board/ + +Zuckerberg says he will be studying crypto make Facebook better: https://www.coindesk.com/zuckerberg-to-study-cryptocurrency-in-quest-to-decentralize-facebook/ +Video link: https://www.cnbc.com/2022/03/07/cathie-wood-says-she-still-expects-to-see-spectacular-returns-over-the-next-5-years.html + +**Personal breakdown:** Honestly this entire interview was borderline a satire. and I think at this point I've lost whatever respect I had for her. Let's see some gems from the article: + +>Cathie Wood defended her firm’s innovation-focused portfolio, saying she sees “spectacular returns” for Ark Invest over the next five years. + +> “Given our expectations for growth in these new technologies, I think we’re going to see some spectacular returns,” the Ark Invest CEO told CNBC’s “Capital Connection.” + +Is that why ARK [sold 11 million shares of $PLTR](https://seekingalpha.com/news/3804107-cathie-wood-appears-to-cut-ties-palantir-technologies-dumps-over-11m-shares) 2 weeks ago, after buying more just 6 weeks ago? Most retail investors I know have longer term convictions. + + +>“We’ve been in a terrible bear market for innovation,” she admitted. “However, if you look from the bottom of the coronavirus to that peak [of the Ark Innovation ETF] in February of ’21, we were up 358%.” + +Jesus. There is cherrypick and then there is let's-pick-the-absolute-bottom-to-the-absolute-top-and-pretend-the-last-12-months-didn't-happen cherrypick. I'm astonished she was able to say that with a straight face. + + +>“You’d be amazed if you average down over time, how quickly a strategy can come back above that average. And if we’re right, significantly above that average over the next five years,” Wood said. + +Gee, thanks, I never understood what averaging down meant. Thanks for the explanation Cathie. + + +>Wood said the world is currently facing “all kinds of problems” and innovation is set be the answer. + +I swear to God I literally had this exact line in one of my middle school papers. + + +>Wood said the conflict is set to lead to “a lot of demand destruction and substitution into innovation” such as a switch toward electric vehicles away from those that are gas-powered. + +Look, I work in the tech industry, I like technology, and I believe in innovation. Hell I even drive a Tesla. But it's all about *valuation*, just like I like steak and I believe that I'll continue to like the taste of red meat but it doesn't mean I want to pay $100k for a cow right now. + + +>She attributed this to public markets being “filled with investors who are benchmark sensitive,” + +Is she saying ARKK is for investors who don't care if their investment perform below benchmarks? I'm at a loss of words. + + +>opposed to private markets investors who see the “explosive growth opportunities” in major innovation platforms. + +Yes, "explosive growth opportunities" like WeWork or Nikola. Also does she not understand that in exchange for much higher risks, private investors get in at a much lower price for drastically increased upside? + + +>While technology is already a heavyweight in the S&P 500, accounting for 28% of the index, Wood said those stocks are “part of the success in the past.” + +Translation: I missed the boat on everything except $TSLA so I'm just gonna...[screw it let me just buy more $TSLA](https://www.benzinga.com/news/22/02/25863103/cathie-wood-bought-another-3m-in-tesla-on-friday-here-are-other-key-trades). +Hey all, not sure if this is the best place for this query, but I’ll ask anyway! Let me know if it belongs elsewhere 😊 + +I’ve been reading the Barefoot Investor and am following some steps (not all as yet) to try and get set up with my partner for our future. Now we differ on a few points, and I’m keen to save for a family and bigger house someday, while he currently wants to save for a Tesla (Model 3 though thankfully!). + +Our combined annual income is around $155,000, we have a mortgage but no other debts right now. I am wondering if anyone has any tips on how we can both work towards our goals together? + +He is concerned that with the new all-joint accounts he will not be able to put as much away for the deposit. Instead, some of that money will be saving for our combined future instead of just for his car. + +While I don’t agree with the purchase he plans to make, I am happy for repayments to come from our combined funds as we will both use the car in the future. I already own my own reasonable-price car (😂) though, so am not quite so keen to pay the deposit. +Any suggestions are welcome! +I got asked to make this a post, and I think it’s a good idea. There’s a lot of misinformation going around right now. Most of it is probably intentional. + +Anyways, Going to keep this simple for my fellow smooth brains. The short and simple explanation for the price movement is options and shorts. Here’s how you could do what we are seeing if you had large amounts of money. + +In our example stock ABC is at 200 before earnings. Theoretically, there are an equal number of puts and calls on opposite sides of that 200. That’s your option chain. Think of it as a ball sitting atop a 2 dimensional mountain. It’s at the peak, and all it takes is a gust of wind to push the ball one way or the other allowing gravity to then take hold. + +Step 1) short the stock out of the gate in AH and PM, and drive the price down 10%. This was the gust of wind that sent the ball in motion. What this does, is it gets the stock away from its delta neutral zone and into a delta negative zone. We can call that 180. + +Step 2) once delta negative, the puts take over because there are very few calls that were purchased at or around 180, and A LOT of puts that were purchased. This is gravity. The puts are the gravity pulling the ball down the mountain at a consistent rate. This was set up prior to the earnings call. With little to no calls deep in the money, there is no force to operate opposite the gravity. + + Sub note: what does a put do? The buyer of a put has the right but not the obligation to sell 100 shares at the strike. The seller on the other hand has the obligation to buy. Why does this matter? Because that is where we are seeing the sell side volume. As more and more puts go ITM, sellers of the puts (MM) sell the shares to remain delta neutral, because the assumption is they are going to have to buy a lot of shares through these puts. + +Step 3) short it more and get it further into the delta negative, allowing even more gravity to take effect. + +Step 4) buy deep ITM puts when you run out of shorts to force MMs to sell more shares + +Conclusion: this is a reverse gamma ramp. If you look at the option chain, you will see that there are literally no calls near or ITM at this moment. That’s because the IV is so high and the delta is moving so fast, call options are extremely risky and far too expensive. There are a few possible outcomes to this. The most likely outcome is that the buyers of the puts get to expiration and don’t exercise (because they never had shares to sell in the first place), and instead take the cash. If/when that happens, MMs will be delta short after selling massive amounts of shares (most likely naked) and will have to buy them back; especially as the calls roll in. When they do the price will rebound. This will be exacerbated by calls it hits on the way back up, possibly causing a gamma squeeze on its way back up. IMO, this is why we are seeing so much option FUD. SHFs are intentionally gamma ramping the price down, and don’t want retail to buy massive amounts of calls slingshotting the price back up. + +*full disclaimer. I am not telling you to buy options nor am I telling you that buying/holding/DRSing is bad. You do you* +# The problem: + +&#x200B; + +[Just a random google image search top result, apropos to nothing...](https://preview.redd.it/aehrh41f5vn81.png?width=396&format=png&auto=webp&s=15efcf12d7dcd15ed42dd27e9f2f50f5a8ff9172) + +Lately I’ve seen more and more posts from Apes noticing and/or wondering why their CS shares have no cost basis reflected/why their shares in CS are marked as Noncovered. + +What exactly is a Noncovered share? + +The following comes directly from Computershare’s Cost Basis FAQ: ([https://www.computershare.com/us/Documents/CostBasis-%20FAQ-021218.pdf](https://www.computershare.com/us/Documents/CostBasis-%20FAQ-021218.pdf)): + +>“Noncovered, or Uncovered, means that cost basis reporting is not required of transfer agents for such securities under the existing law. However, the security holder is still responsible for calculating cost basis for their individual tax returns. **What determines whether shares are “covered” or “noncovered”? Any corporate stock and plan shares acquired for cash on or after 1/1/2011 will be considered covered.”** + +*TLDR: If you purchased GME after 2011, your shares are covered. That shit your broker (didn't) sent is wrong.* + +How do you see if your shares are currently Noncovered in CS? + +Login, see your holdings: + +1. Click Actions +2. Click Transactions +3. Click View Details +4. Look under "Type" - if you see "Noncovered" or "Non-covered," your broker pulled a fast one on you. This violation is 100% worthy of SEC/FINRA reports. + +## Why this is an issue: + +Brokers are legally obligated to use the DTCC CBRS (Cost Basis Reporting Service - [https://www.dtcc.com/clearing-services/equities-clearing-services/cbrs](https://www.dtcc.com/clearing-services/equities-clearing-services/cbrs)) when performing DRS transfers, but surprise! They seem to be simply not doing so. Another data point of fuckery in this saga of strangely stacked coincidences of one-way fuckery! I had to spend months ping-ponging back and forth between my broker and the SEC and FINRA to finally get any progress here. + +## This particular ape’s story: + +Let me take you back through a somewhat painful journey. I've been sitting on this experience for a while. I know it will probably help folks, but it's just been too fresh until recently to go through again. Mods, I have emails from FINRA and SEC, the latter of which also reflect broker communications to back all this up if needed, hmu if it's called for. + +I initiated a DRS transfer for 6 shares of GME from JPM on 10/19/21. The transaction was supposedly completed on 10/22/21, however the shares showed as Noncovered afterwards. I spent the better part of four months going back and forth with JPM, FINRA, and the SEC to get literally anyone to take this issue seriously. + +I just wanted an accurate cost basis reflected in Computershare, as is my legal right. I wrote dozens of pages of notes during this saga, and my relationship at home seriously suffered during this ordeal because of the continued attention it required of me. I just took multiple bong rips to calm down from the PTSD I have from this awful period. My partner is like "why are you typing so much and so mad" again, right now. I'm leaving tons of detail out here just because it's too much work to comb through all my notes right now, but I'll expand/answer questions if anyone has any. + +A fun detail, skipping ahead a bit; at one point in this saga, a CS rep told me that JPM had submitted cost basis information to them, and that they just needed to process it over the next 10 business days in order for it to reflect in my account. A short while later I followed up, and CS relayed the cost basis info to me, but it didn’t match the actual info for my purchased shares in any capacity. The cost, date, and lot sizes were all wrong, and didn't reflect my full share total, in sum. They relayed multiple fractional purchases which summed to one share. JPM doesn't allow fractional purchases. Derp! Purchases were made on a Saturday for fuck’s sake. That’s not how the stock market works, I think we all know at least that by now. + +During this process, every single JPM rep I spoke with explicitly avoided acknowledging their legal obligation to send cost basis, and multiple people repeatedly asked me to start a conference call with CS so they could verbally relay this info, which JUST TO BE SUPER DUPER CLEAR, does not satisfy their legal obligations for this process whatsoever, and is just super sus at baseline. I was escalated to speaking with a VP of their Executive Wealth Management department for most of this process, and I am broke af y'all. Just shady stuff all around. + +&#x200B; + +[self explanatory](https://preview.redd.it/22ts2ji85vn81.png?width=490&format=png&auto=webp&s=09de8ce451fbef72ad8b6bc268c955599d1f2736) + +Just so everyone can see how much time this took to resolve, I contacted JPM via phone on the following dates. Each call ranged from 10-90 minutes, more heavily weighted to the longer side of that scale. My work suffered, my mental health suffered. This took too much goddamn time: + +* 11/15/21 +* 11/17/21 +* 11/22/21 +* 11/24/21 +* 12/2/21 +* 12/9/21 +* 12/10/21 +* 12/13/21 +* 12/27/21 +* 12/28/21 +* 1/10/22 + +On 11/17/21 I made an SEC report, and on 11/23/21 I made a FINRA report. I submitted a supplementary FINRA report on 12/2/21, and another SEC report on12/9/21. I heard back from the SEC on 12/10/21, stating that they had received my complaints and had forwarded them to the broker, from whom they required a response "within 14 days." I was invited to a FINRA document portal, assigned an investigator, and I submitted dozens of pages of notes. + +I corresponded repeatedly with an SEC rep who was worth fuck all. I won't dox them, but I think they are one of the bad apples in the bunch. + +Each interaction with JPM was more contentious as they gave me the most bullshit runaround possible at every stage. At multiple points in the process, I caught JPM reps setting up intentional “dead ends” such that if I had not continued to doggedly follow up, the process would have ceased. + +Multiple reps repeatedly tried to refer me to an internal department which I confirmed afterwards is “non-public facing,” meaning they told me to follow up with a department that was expressly prohibited from taking customer calls. Another rep gave me an incorrectly spelled email address for an escalation contact. I had multiple reps tell me that it “simply isn’t possible for us to use the CBRS,” which is a huge fucking red flag for a major broker. That’s just false, to be clear. + +# Why the SEC seems a wee bit Fucky (see: rank and file employees stuck in the revolving door): + +The SEC rep assigned to my complaint indicated throughout the process that they intended to take JPM's word at face value when JPM stated, in opposition to all the facts of the case, that no violation had been committed on their part. U focking wot m8/I can't believe you've done this?!? My final email to the SEC asked that they explain in detail why they were taking the word of a broker who was engaged in an ongoing process of actively violating the law at face value, instead of doing their jobs to investigate. + +Here's my final email to the SEC, sent on 1/27/22 after about two weeks of dead air after they were like "it's not clear if a violation has occurred here durrrr": + +&#x200B; + +>I expect a reply at some point regarding this matter. It has now been almost two weeks since I last wrote. As I wrote in my last email, your response is confusing, and wholly inapplicable to this particular situation. As such, I still expect further action to be taken.  +> +>**The firm has admitted to the violation in question.** To date, they still have not sent any cost basis via DTCC CBRS to Computershare. +> +>**The firm has not denied wrongdoing.** They readily admit that they have no knowledge of whether the firm even has the capability to use the DTCC CBRS. +> +>**The issue persists to this day**. The firm is not attempting to resolve the matter, having already **falsely asserted** that their actions constitute a resolution to this issue. +> +>It seems from your lack of a response to my last email that the SEC is declining to pursue this issue. Can you comment definitively on this? If this is indeed the case, I would appreciate the courtesy of a substantive response to the above points, and a more in-depth explanation of why no further action is being taken. +> +>If the SEC is declining to pursue a very clear violation of the law based solely on the word of the party currently engaged in an ongoing pattern of said violation of the law, I would appreciate being told that directly in writing. I await your response + +The following morning at 9:18 AM in tandem, I received an email from the SEC and a call from JPM (didn't answer cuz fuck 'em leave a VM), informing me that cost basis had been sent to Computershare. Totally not sus at all, really aboveboard and not unclear at all what happened there. Hmm. JPM followed up with the SEC to plead their case one last time; this communication was relayed to me by the SEC. Bold emphasis mine. + +>When u/tiides contacted me on January 11 and advised that his information was not updated at Computershare we immediately reached back out to Computershare as they had previously confirmed with us verbally on December 6, 2021, that they had received and processed the information we sent them on December 3 via email. +> +>**DTC was not an option to send the information to them**, so on Friday, January 7, 2022, we overnighted via US Mail the relevant transfer statements (at their request) for delivery on January 10. We have been on daily calls with management at Computershare to ensure that they process the information to u/tiides account. On January 27, we received an email confirmation that they completed updating the cost basis information on u/tiides's holdings of GME. They also informed us that Cost Basis Statements will be sent to his address of record reflecting the information has been updated. I left a message for /u/tiides today (January 28) and advised his account was updated on January 27. + +&#x200B; + +## Takeaways: + +It was stated in fairly clear terms that JPM internalizes GME purchases, and therefore they cannot use the CBRS. This still sounds fishy to me, and doesn’t really make any fucking sense whatsoever. Ultimately though, I now have accurate cost basis reflected in my CS account and the shares show as Covered. I had to guess, what they’re in effect saying is that “we can’t submit cost basis via DTCC systems, because the DTCC system record shows *our cost basis*, whereas we internalize GME orders, so we charged you whatever the going rate at the time was when we sold you this share from our in-house stock.” Wrinkle brains tell me if this is absolutely off-base, or if it makes a mote of sense. My experience is specific to my broker, of course, but this seems to be happening a lot. Look into it is all I'm saying. + +&#x200B; + +**TLDR:** If you purchased your GME shares any time after 1/1/2011 (nearly everyone here) and then DRS'd, those are Covered shares by fundamental definition. If your shares in CS are listed as Noncovered, and you purchased them any time after 2011, that means that your broker *chose* not to submit cost basis information at the same time as when they initiated the DRS transfer. They know the laws, but they know that the penalties don’t hold water, and so it seems many brokers are making this decision to not follow the law in a timely manner. Fight for your rights, hold them accountable, and put an end to this bullshit. + +EDIT- + +I used the following links to submit my complaints: + +[SEC](https://www.sec.gov/oiea/Complaint.html) + +[FINRA](https://www.finra.org/investors/need-help/file-a-complaint#) + +EDIT2: + +This is what your CS account should look like once cost basis issues are resolved. I hope your average is lower :D + +&#x200B; + +https://preview.redd.it/0tattdzlevn81.png?width=1185&format=png&auto=webp&s=04eab2f26783e83dc65a3ac716e86936b86bc928 +There's been a lot of rumours floating around about ZIP making an announcement in Feb, and we got one - new Chair, Diane Smith-Gander. + +History includes work as Executive Director of AGL Energy Limited and HBF Health Limited, Director of Wesfarmers Limited, and current Chair of the Committee for Economic Development of Australia. + +Not sure if this will have literally any impact on the share price - bit of a nothing announcement if I'm being honest. +I understand that it was a meme stock when it was first listed jumping 300 percent on its initial induction. It looks really promising. It gets good news and doesnt move or even drops in price. Why is the sentiment so dogshit regarding atomo. Im wondering if it gets a really good quarterly of half yearly, if it will actually move. Revenue was up almost 900% even if it wasnt much. Surely their HIV sales make them worth more than their current market cap + +Ps i was in the IPO and sold at 40c. i want to get back in shortly. +Well that was fun. Today took off about as much as u/_pixelrage trading halted meme. (Which if you understood the context was Great btw). No ones copped it harder then u/bigfoot2077 defending DW8GATE to the death and I've gotta admit dealing with negative sentiment takes a strong lens so good on ya. + +Now I love all you fuckbags and I'm feeling generous after some gambling wins this week. so as a result I wanna hear how shit your day was both in the market and outside of it. I've got 3 gifts I wanna give out to possibly give you some gains. No personal details needed to receive them. Most upvoted comments by 2030PM get them. +RNT- $1000 worth and in 1 day it went to around $250 in profit ( then back down* )- but, had i have put in 1 Mil then , well you do the maths. I get the feeling that the big players cash in and cash out making 100's of thousands out of millions and the rest of us just get tumbled around like a washing machine? + +In saying all of that, if you are buying $1000 of RNT( for example) is your goal - + +A- short term $250 chash out and thats a big win ? + +B- long term and hoping in rockets then cash out at say $20k + + +C - get a free carry out of it + +D- hold it forever till it turns blue chip + +E- All of the above + +I 100% understand that everyone wants to make millions eventually, i guess what i still havnt worked out is, do MOST people on here just dabble week to week with a few thousand ( essentially gambling ) or do people make a full time job of this type of trading and make a killing. + +Are most people speculating with say 30% of their money and 70% is on blue chip ? Or are most people here just YOLOing. + +It would be good to hear what some of you have to say cause im a little lost by it all. + +The main reason im lost is ( not to sound like a cockhead) i make fairly good money already in my day job so im not overly intrested in a small $250 gain( if thats all it is)- but im also too scared to throw in $200k. I just havnt seen what happens long term with this type of trading to know where it ends up. + +Im not sure if what im saying is coming out properly, so feel free to roast me if necessary hahah +The stars are aligning (no pun intended) for Kleos Space (KSS). + +Company [announced yesterday](https://www.linkedin.com/pulse/kleos-scouting-mission-update-kleos-space/?trackingId=pm9KECepPb22uGWdXW1nlA%3D%3D) that scouting mission formation has been achieved and data is being downloaded. + +Fast forward 24 hours, and we have a $2.5m pre market trade. It seems pretty clear that some big players have been in the DD room for months, waiting for this exact moment. + +The next satellite launch with with SpaceX on board [SXRS-5](https://spaceflight.com/mission-sxrs-5/) which is due to launch end of June. This will be the first true commercial launch, with the company stating this will start to bring in significant revenue streams. + +Couple this with recent announcements on the company [presenting to US investors](https://www.asx.com.au/asxpdf/20210312/pdf/44tlj8ysznyg12.pdf) and it seems pretty clear that today's buyer was US based, and this should be the start of a signifcant rerate over the coming weeks for Kleos. + +Based on comparables (HawkEye360 just raised USD55m, previous rounds were at a USD200m + valuation), the insane appetite for new space companies via SPAC acquisition in the US, and I see fair value, post second launch and initial revenue flow at around 250 - 300m MC, which implies a share price of $1.50+ +Will it become more popular/profitable as consumers 'spend less' and use these services more (to increase their debts lol) - or will it just collapse completely? +My fellow retards i know this question gets asked alot. But what would your approach be to learning more about investing? + +As someone trying to learn the ropes off this game there is alot off information and it feels overwhelming at times. Would it be books or online videos or just read company reports till it makes sense? I see how some of the less smooth brain people here process information and thought i would ask the apes for guidance. + +Sorry to ask, but all ideas and insults are welcome +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. + Welcome to the /r/CryptoMarkets Weekly Discussion thread. The thread guidelines are as follows: + + + +\*\*\* + + + + The thread guidelines are as follows: + + + +\* Discussion topics include, but are not limited to, events of the day, technical analysis, and minor questions. + +\* Breaking news or other important content should be submitted as a separate post. + +\* Cryptocurrency discussion not related to trading should be referred to the r/CryptoCurrency general discussion thread, \[see here\]([https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly\_general\_discussion\_april\_01\_2017/](https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly_general_discussion_april_01_2017/)). + +\* Follow the golden rule and be excellent to each other. + + + +\*\*\* + + + + Resources and Tools: + + + +\* Consider joining one of the r/CryptoMarkets chat groups, \[see here\]([https://www.reddit.com/r/CryptoMarkets/wiki/chat](https://www.reddit.com/r/CryptoMarkets/wiki/chat)). + +\* If you are using RES, please click the subscribe button below to be notified when new comments are posted. + +\* To view live streaming comments for this thread, \[click here\]([https://reddit-stream.com/comments/auto](https://reddit-stream.com/comments/auto)). Account permissions are required to post comments through [Reddit-Stream.com](https://Reddit-Stream.com). + + + +\*\*\* + + + + Thank you in advance for your participation. Enjoy! +NB: This post was originally posted on r/EthTrader before it was immediately removed by the mods there. + +Consider the example in which a group of farmers have an insurance contract: If the temperature in their region falls below 0 Celsius they get a payout. So far so good. + +How do they get the temperature information? Well they can pick, for example, the national weather service. That's a trusted third party. How does that temperature information get onto the Eth blockchain? Well through a second trusted third party such as oraclize.it. Now your contract has two trusted third parties. What happens if one of them makes a mistake? The data could be wrong (weather station malfunctioned). The timing could be wrong (oraclize was DDoSed or their system failed for example). Or both could be wrong at the same time. + +So now the insurance contract has either executed when it shouldn't have, or not executed when it should have, locking money in the wrong places. Ok, maybe this is just a small contract so it doesn't matter that much... but maybe this is millions or even billions of dollars. Now it matters a lot. + +The DAO hack was actually an example of exactly this. When the contract goes wrong, your solution at the moment is to fork the entire blockchain! Maybe that worked once, but we can't fork the blockchain every time a contract executes incorrectly or a trusted third party makes an error. + +In the real world these problems are solved by allowing contracts flexibility in interpretation by an arbitrator or court after they are created by their parties. Contract writers cannot foresee all events that might happen, and the law allows for this but Eth does not. When something does happen that you didn't expect and therefore haven't coded for, what then do you do? + +Smart contracts are deterministic state machines. This is about as dumb as contracts can possibly be. +- dash +- xmr +- xvg +- zec +- hsr +- bcn +- kmd +- pivx +- xzc +- maid +- aion +- nav +- eng +- cloak +- part +- xdn +- zcl +- zen +- aeon +- xspec +- phr +- onion +- xst +- zoi +- sumo +- hush +- odn +- bwk +- xlr +- inn +- pure +- crave + +EDIT 1: added XDN + +EDIT 2: added MAID, PART + +EDIT 3: sorted by market cap, highest to lowest +I have new investor friends going crazy over "cheap" coins. They feel they missed the BTC train so they want to buy XRP, ADA, POE just because it's cheap. Will these coins dump hard when things get bearish or will dumb money continue to just pour into these projects? +https://www.reuters.com/article/us-usa-fed-powell-text/fed-chair-powells-prepared-remarks-to-congress-feb-23-2021-idUSKBN2AN1LT + +>As described in the February Monetary Policy Report, in August, the Committee unanimously adopted its revised Statement on Longer-Run Goals and Monetary Policy Strategy. Our revised statement shares many features with its predecessor. For example, we have not changed our 2 percent longer-run inflation goal. However, we did make some key changes. Regarding our employment goal, we emphasize that maximum employment is a broad and inclusive goal. This change reflects our appreciation for the benefits of a strong labor market, particularly for low- and moderate-income communities. In addition, we state that our policy decisions will be informed by our “assessments of shortfalls of employment from its maximum level” rather than by “deviations from its maximum level.” This change means that we will not tighten monetary policy solely in response to a strong labor market. Regarding our price stability goal, we state that we will seek to achieve inflation that averages 2 percent over time. This means that, following periods when inflation has been running below 2 percent, appropriate monetary policy will likely aim to achieve inflation moderately above 2 percent for some time. With this change, we aim to keep longer-term inflation expectations well anchored at our 2 percent goal. Well-anchored inflation expectations enhance our ability to meet both our employment and inflation goals, particularly in the current low interest rate environment in which our main policy tool is likely to be more frequently constrained by the lower bound. + +Sounds like they are staying the course and aren't planning to raise rates for quite awhile. Market looks to stay fat for a bit. +I check this sub daily to follow the news and read some analysis and what i see is %90 shitpost, bad memes, %1 news, %1 analysis and rest is some newbies asking questions. Mods gotta do better, the amount of quality post is sooo low +[FDA grants ‘emergency use’ coronavirus test that can deliver results in 45 minutes](https://www.cnbc.com/2020/03/21/fda-grants-emergency-use-coronavirus-test-that-can-deliver-results-in-45-minutes.html). + +&#x200B; + +Company is Cepheid which was acquired by Danaher Corp $DHR. +IF you are buying LTC for the fork, DON’T. Charlie Lee (the creator of Litecoin) [has stated that it is mostly likely a scam and the Litecoin Foundation DOES NOT endorse the coin.](https://twitter.com/SatoshiLite/status/960197866546282496) + +The [Litecoin Cash Team](https://litecoinca.sh/#team) looks sketchy as fuck. Their public relations manager's photo is the fucking Unicorn emoji. You can't press on any of the developers pictures of find any information about them. + + +Whoever created the fork is a genius marketer who is playing on the similarities between Bitcoin and Bitcoin Cash (which [AFAIK was endorsed by Gavin Andresen](https://twitter.com/gavinandresen/status/929377620000681984\)) and others in the Bitcoin Foundation) and the branding of Litecoin. Don't fall for this trick. + +I’m not saying the recent price increase is solely due to the fork. In fact, I’d argue that a lot of it revolves around Litepay. However, if you are buying LTC as a short-term move, please move forward with caution (at least until Sunday). + + +Furthermore, if you think you’re going to “time” the market and try and sell immediately after the block which the fork happens on you’re going to get burned. Literally thousands of other people have that same idea, and what’s going to happen is that Litecoin’s price will decrease significantly right after the fork (I think it will recover due to Litepay coming out and other promising progress). The bots are going to beat you to it. You'd be much better off taking profits before the fork on Sunday and then buying back when it inevitably dips. + +**NOTE:** *I know a lot of you are probably aware of this fact. However, I am in a Telegram group of about 60 people mostly composed of friends from college and their mutual friends, and I was amazed to find that several of them were hyping up the Litecoin Cash fork. I’ve also seen on some daily discussions over the past week discussing it.* + + +*I do not own any LTC I am just trying to make sure people aren’t making poor investment decisions* + +EDIT: DO NOT GIVE THESE PEOPLE YOUR PRIVATE KEYS OR ANYONE FOR THAT MATTER. + +EDIT 2: Those of you saying I'm bringing attention to something pointless, good for you, just move along. Sadly there are people who will perceive this as the equivalent of Bitcoin Cash to Bitcoin and if they are left unaware that it is in fact not, they will get burned. + +EDIT 3: I'M NOT HATING ON LTC, THIS ISN'T MEANT TO DETER LONG TERM HOLDERS. If you're planning on holding long term then don't bother with this post. There are people trying to play this. +The 401k match I have been getting becomes mine after the first week of June. Started back in June 2019 and finally becomes vested in June 2022. I received a new job offer at a different company that comes with a 50% increase in compensation. They want me to start in May. I tried pushing the start date back but they won't budge. I've already accepted the offer as well. + +Is there anything I could possibly do to get my current company's contributions? It's nearly 20k that they contributed all these years that I'd be losing. Feeling like I'm just going to have to bite the bullet and lose that money. +https://www.irs.gov/uac/newsroom/irs-announces-2017-pension-plan-limitations-401k-contribution-limit-remains-unchanged-at-18000-for-2017 + +> **Highlights of limitations that remain unchanged from 2016** + +>* The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan remains unchanged at $18,000. +* The catch-up contribution limit for employees aged 50 and over who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan remains unchanged at $6,000. +* The limit on annual contributions to an IRA remains unchanged at $5,500. The additional catch-up contribution limit for individuals aged 50 and over is not subject to an annual cost-of-living adjustment and remains $1,000. + +> **Highlights of changes for 2017** + +>The income ranges for determining eligibility to make deductible contributions to traditional Individual Retirement Arrangements (IRAs), to contribute to Roth IRAs, and to claim the saver’s credit all increased for 2017. + +>Taxpayers can deduct contributions to a traditional IRA if they meet certain conditions. If during the year either the taxpayer or their spouse was covered by a retirement plan at work, the deduction may be reduced, or phased out, until it is eliminated, depending on filing status and income. (If neither the taxpayer nor their spouse is covered by a retirement plan at work, the phase-outs of the deduction do not apply.) Here are the phase-out ranges for 2017: + +>* For single taxpayers covered by a workplace retirement plan, the phase-out range is $62,000 to $72,000, up from $61,000 to $71,000. +* For married couples filing jointly, where the spouse making the IRA contribution is covered by a workplace retirement plan, the phase-out range is $99,000 to $119,000, up from $98,000 to $118,000. +* For an IRA contributor who is not covered by a workplace retirement plan and is married to someone who is covered, the deduction is phased out if the couple’s income is between $186,000 and $196,000, up from $184,000 and $194,000. +* For a married individual filing a separate return who is covered by a workplace retirement plan, the phase-out range is not subject to an annual cost-of-living adjustment and remains $0 to $10,000. + +> The income phase-out range for taxpayers making contributions to a Roth IRA is $118,000 to $133,000 for singles and heads of household, up from $117,000 to $132,000. For married couples filing jointly, the income phase-out range is $186,000 to $196,000, up from $184,000 to $194,000. The phase-out range for a married individual filing a separate return who makes contributions to a Roth IRA is not subject to an annual cost-of-living adjustment and remains $0 to $10,000. + +>The income limit for the saver’s credit (also known as the retirement savings contributions credit) for low- and moderate-income workers is $62,000 for married couples filing jointly, up from $61,500; $46,500 for heads of household, up from $46,125; and $31,000 for singles and married individuals filing separately, up from $30,750. +A few years ago, I slowly figured out my path to FI. I learned how to manage my expenses, maximize my savings and invest wisely. I watched with glee as my date for early retirement started slowly marching closer. + +Eventually, I thought I had figured it out. I should stop obsessing and just let it happen. Keep saving, but there's no need to track every penny. Keep increasing income, and as long as I'm not intentionally stepping up my spending it won't get out of hand. I unsubbed from this community, thought things were on autopilot and went on my way. My clock said 7.5 years! + +Eventually I took a new job, in a new city. It was easy to justify some expenses then. I need a nicer car, I deserve a luxury apartment. This week I looked at Mint for the first time in a while - I saw that my savings had flatlined for *three months straight*. In fact, despite earning a salary double that which I had when I started saving, I'm putting away less now than I was then. + +My clock now reads 41.8 years. +https://www.irs.gov/uac/newsroom/irs-announces-2017-pension-plan-limitations-401k-contribution-limit-remains-unchanged-at-18000-for-2017 + +> **Highlights of limitations that remain unchanged from 2016** + +>* The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan remains unchanged at $18,000. +* The catch-up contribution limit for employees aged 50 and over who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan remains unchanged at $6,000. +* The limit on annual contributions to an IRA remains unchanged at $5,500. The additional catch-up contribution limit for individuals aged 50 and over is not subject to an annual cost-of-living adjustment and remains $1,000. + +> **Highlights of changes for 2017** + +>The income ranges for determining eligibility to make deductible contributions to traditional Individual Retirement Arrangements (IRAs), to contribute to Roth IRAs, and to claim the saver’s credit all increased for 2017. + +>Taxpayers can deduct contributions to a traditional IRA if they meet certain conditions. If during the year either the taxpayer or their spouse was covered by a retirement plan at work, the deduction may be reduced, or phased out, until it is eliminated, depending on filing status and income. (If neither the taxpayer nor their spouse is covered by a retirement plan at work, the phase-outs of the deduction do not apply.) Here are the phase-out ranges for 2017: + +>* For single taxpayers covered by a workplace retirement plan, the phase-out range is $62,000 to $72,000, up from $61,000 to $71,000. +* For married couples filing jointly, where the spouse making the IRA contribution is covered by a workplace retirement plan, the phase-out range is $99,000 to $119,000, up from $98,000 to $118,000. +* For an IRA contributor who is not covered by a workplace retirement plan and is married to someone who is covered, the deduction is phased out if the couple’s income is between $186,000 and $196,000, up from $184,000 and $194,000. +* For a married individual filing a separate return who is covered by a workplace retirement plan, the phase-out range is not subject to an annual cost-of-living adjustment and remains $0 to $10,000. + +> The income phase-out range for taxpayers making contributions to a Roth IRA is $118,000 to $133,000 for singles and heads of household, up from $117,000 to $132,000. For married couples filing jointly, the income phase-out range is $186,000 to $196,000, up from $184,000 to $194,000. The phase-out range for a married individual filing a separate return who makes contributions to a Roth IRA is not subject to an annual cost-of-living adjustment and remains $0 to $10,000. + +>The income limit for the saver’s credit (also known as the retirement savings contributions credit) for low- and moderate-income workers is $62,000 for married couples filing jointly, up from $61,500; $46,500 for heads of household, up from $46,125; and $31,000 for singles and married individuals filing separately, up from $30,750. +Looking to invest in T-Bills, can somebody explain to me why I wouldn’t purchase 26 week bills @ approximately 2.9% twice a year rather than 52 weeks @ roughly 3.0%? Seems like I’d be better off doing the 26 week route twice? I must be missing something. Thanks in advance for info! +Good morning everyone! + +After living three years in Ireland, and after spending the last 6 months traveling SE Asia (probably my best "investment"!), soon I'll head back home, and I need to decide what's the best way to invest my savings. + +At the moment, that's what I have: + +- Around 50K € in my Irish current account +- Around 15K € in a Degiro account, a portfolio with a 70/30 allocation stock/bond of iShares ETF. + +So, what would be the best way to arrange my money? + +I was thinking of having around 10K € as an emergency fund (should that be my current account, or a separate account?), and invest the rest. + +Regarding my plans, in the near future (possibly in a year or two), I may consider buying my first house: other than that, I don't have any major plan at the moment :) + +Thanks for your help! + +PS: My portfolio allocation: + +- 05% iShares Core MSCI Emerging Markets +- 65% iShares Core MSCI World UCITS ETF +- 15% iShares Euro Inflation Linked Gov Bond +- 15% iShares Euro Government Bond 7-10 +What do you think about the rules for energy emission of new buildings and existing residential buildings? I've read that by 2033 all existing residential buildings need a rating above D. +What are your thoughts about the cost or benefits attached to this? +The estate is worth around 900.000 euro. Everyone involved agrees we should sell it, i own 1/2 of it and splitting the money is not an issue. What are the steps i should follow to sell it? +Noticed that there is a additional cost called AutoFx in addition to transaction cost in DeGiro from 2021. I checked the transactions of US stocks from 2020 and it only had transaction cost and no AutoFx cost. AutoFx cost doesn't show up in the app when I check the transaction but it is there in the email receipt for each transactions. + + I know it's for automatic currency conversation. + + +1. Is this a new hidden cost introduced from 2021 which didn't exist in 2020? +2. Whats the best way to reduce this currency conversion cost given that I mostly buy US listed stocks? Turn off AutoFx and just have manual Fx? + +PS: I use DeGiro Netherlands and only do buy and hold (not trading) mostly. +I started making about £5k a month on Patreon last year but I'm only just sorting out the finance side of things now. I've looked into Sole Trader vs Limited Company; I've looked into moving to an EU country (I have dual citizenship) where tax is low and cost of living might also be lower than the UK. + +Ultimately, what I'm finding is that there's a lot of information, but some of it is contradictory and it's all more complicated than I can reliably count on to make plans based only on what I read online. + +I'm aware there are professionals/ experts I can talk to about what I should do if I stayed wholly in the UK, but I don't know who I can talk to in order to get concrete information about my options living in the EU (and/ or even setting a company up in a different country altogether). Where can I go to speak to an expert who can look at my situation and tell me exactly what my options are wrt possibilities within the EU? +Weakening against the $. High inflation plus more pressure due to war. ECB apparently quite reluctant to raising interest rates. + +I'd appreciate both a macro discussion and also thoughts regarding holding a big % of the portfolio in € under the current context. +A big chunk of our ETF investments go towards US market. A currency fluctuation between USD and Euro (or whatever your local currency), can affect returns in a short term. + +As I understand, if Euro strengthens against USD our gains will be lower than what an American investor would have for the same assets. But currency hedged ETF would protect us from this. + +Are there any downsides of owning hedged ETFs? Maybe apart from the increased expense ratio if such is the case. + +I have 20K invested already and none are hedged ETFs. What’s your approach? +Noticed that there is a additional cost called AutoFx in addition to transaction cost in DeGiro from 2021. I checked the transactions of US stocks from 2020 and it only had transaction cost and no AutoFx cost. AutoFx cost doesn't show up in the app when I check the transaction but it is there in the email receipt for each transactions. + + I know it's for automatic currency conversation. + + +1. Is this a new hidden cost introduced from 2021 which didn't exist in 2020? +2. Whats the best way to reduce this currency conversion cost given that I mostly buy US listed stocks? Turn off AutoFx and just have manual Fx? + +PS: I use DeGiro Netherlands and only do buy and hold (not trading) mostly. + Hello guys! + +I was looking for ETFs that can reproduce "ISE Cyber ​​Security® UCITS Index" in EUR currency. + +Do you know anyone? I own ISPY but it loses several points from the index every year, the fund does not allow lending of shares and the TER is quite high (0.75%). + +In 5 years it has matured a mismatch of -11% and the TER is not the whole problem. I know that the ETF rebalances holdings every few months and not every day which can misalign the ETF from the index. But I think if I have to pay 0.75% TER I can expect better work from the ETF fund. + +Plus: What do you use to find the best ETFs linked to certain indexes? +I live in Italy. I've been getting to know the world of finance for the last year and wanted to start investing because "time in the market beats timing the market", you know. The only thing stopping me from starting is burocracy: how do i pay taxes on my investments? Do i need professional assistance, and if so, how much does that cost? (that is relevant bacause i dont have a large sum to invest and dont want all the profits to end up down the drain). + +Given that I've literally never invested I dont know much about the practical side of it, so, what is a good platform here in eu for investing? +I've seen a few threads here that mentioned this in passing, but in case you missed it, Vanguard has issued a couple of new ETFs that are domiciled in Ireland (20 actually) and the majority of them are accumulating ETFs, which is something that Vanguard didn't offer for their ETFs before. +So for example, it's possible now to buy FTSE All World (VWRA) and S&P 500 (VUAG) in accumulating form, in case you'd prefer to have the dividends reinvested automatically. + +The funds are still new, so the volume might not be there yet, but definitely something to be aware of, if you use or would like to use Vanguard. +I've seen that VWRA can be bought in EUR, but so far VUAG seems to be only available in USD and GBP. + +In case you have more information (for example, will VUAG be available in EUR too?) or have already bought in, please share your thoughts/comments. Thanks. +What do you think about the rules for energy emission of new buildings and existing residential buildings? I've read that by 2033 all existing residential buildings need a rating above D. +What are your thoughts about the cost or benefits attached to this? +Do we have to be worried about a (possible) incoming recession? The loans right now are pretty cheap, 1.85% nominal. But what about if the recession hits hard? Are we better to wait for a year? Thanks for your advice! + +EDIT: interest rate, possibility. +Hi all, + +Does anyone have experience/a track record with EU based real estate crowfunding platforms? +Do you think they are worth looking into, and how does the mechanism work? + +Thank you. +Hello! + +I'm looking for REIT ETF that would track whole and stumbled upon this one: +[SPDR Dow Jones Global Real Estate UCITS ETF Accumulating](https://www.justetf.com/en/etf-profile.html?listId=first&isin=IE00BH4GR342&from=search) + +This would be long term investment and it has to be accumulating (tax optimization). + +The one I posted above seems to have one big disadvantage. It's super small :( + +Does anyone have a better recommendation for global focused REIT ETF or maybe mix of couple different ones with region focus? +Hi, im a 17 year old person from Denmark. +I Currently have saved up about 7000,- dkk (About 1000$), and would like to invest them in something. I dont really have a lot of expreience about it, so would love some input or sugestions. +The money isn't something im gonna need anytime soon, so the investment could be a semi-long one. (2-4 years) + +&#x200B; + +Thanks in advance. -Jacob + + +note: Sorry if there is a few mispellings etc. English is not my first language. + + + +Hello guys 26 yo guy from Greece. + +I have some money in emergency funds account no debt how i can start with **50 $** for investing? + +Which platform do you recommend? + +Whats your opinion for s&p 500? +Hello, + +I am a young guy from Poland. Have some savings (10k EUR), most of it was on the Polish stock market, but I have withdrawn everything due to the markets plunging. + +I would like to enter US market after the bottom is reached, but I am not sure - maybe you have better proposals (P2P money lending etc.?). +Hey, + +I am an investor in [VWCE](https://www.justetf.com/en/etf-profile.html?groupField=none&sortField=ter&sortOrder=asc&cmode=compare&from=search&isin=IE00BK5BQT80#returns) with the past 1.5 years. I like it, it is performing well. I am going to keep it up. However, I couldn't help but notice [V3AA](https://www.justetf.com/en/etf-profile.html?groupField=none&sortField=ter&sortOrder=asc&cmode=compare&from=search&isin=IE00BNG8L278#returns), and how it performs slightly better. Does anyone know why this happens? + +It could be the ESG tilt, however, I feel that just eliminates some larger companies (Berkshire Hathaway not in Top 10). Could the non ESG friendly companies in VWCE be causing it to lag? It could also be the inclusion of small-caps - could this explain it? Are small-caps worth this much extra? + +- [FTSE All-World Index Fact Sheet](https://research.ftserussell.com/Analytics/FactSheets/temp/953c3c6c-9d21-4a55-9bf5-0ad482e60e4b.pdf) +- [FTSE Global All Cap Choice Index Fact Sheet](https://research.ftserussell.com/Analytics/FactSheets/temp/7bcd96c8-0cfd-4e9b-beea-7f4cc8aeee05.pdf) + +Could it be a combination of ESC & small-cap? Either way, I am considering putting my next lump sum into `V3AA` for a change. Anyone else made a similar move? + +Thanks + +Edit: [a meme](https://i.imgur.com/dVSG55h.jpeg) +Hi all, + +I got a job in Ireland, and I moved here with my girlfriend, who is working remotely for a Spanish IT company. However, her company is paying taxes for her in Spain even though HR told her to change her tax residence to Ireland, and for me that doesn't make any sense. We're aware of the double taxation agreement which would avoid paying taxes twice, but what is not very clear to us is how she has to declare her income with regard to the Irish government. My questions are: + +* Does she have to enroll in Revenue? Does she need a PPSN? +* Does she have to pay taxes in Ireland? I guess the double taxation agreement would avoid this. +* Does she have rights for medical care in Ireland? + +I've enquired Revenue online/phone several times but no answer. + +Many thanks for your time. +Greetings to everyone! +Long story short: Near Europe country. I earn about 10 times more than the average monthly salary in the country I live (so there is no problem with starting capital). I understand very well that money should work, that it should be invested and I can use this income for personal purposes or reinvest it. But, apparently, because of psychological problems (maybe), I believe that if I invest, conditionally, 10 thousand euros into something, I lose them completely instantly and I will need to wait until the profit reaches the level of investment and only after this I can make some profit. This applies almost to everything - investments, real-life business (especially) etc. Maybe it's all because I am afraid to risk? +Where should I start? What do I have to understand? Thanks in advance for your help. +I'm new to the investment world and my question might be dumb/non-sense, I'm in the process of choosing a broker to start investing long term in VWCE. I'm a German resident and as far as I understood german domiciled brokers withhold taxes for German residents, will it be the case for DEGIRO now that it is part of the Flatex group (which is domiciled/incorporated in Germany) ? + +PS: just for more context, the main reason I'm asking this is that I'm debating if I should go with the distributing or accumulating version of the ETF. If DEGIRO doesn't withhold taxes and I choose the accumulating fund, it means that I will have to pay yearly dividend taxes with money in advance because the actual dividends never reach my bank account because they are automatically reinvested in the fund. +Hi There, + +I’m 32 years old from Portugal and would like to start to invest some of the money I´ve earned during the last years.... + +During the last 10 years of work, I was able to save a very generous amount of money.. which is in the bank.. Due to the rhythm I have at work, I was never able to stop and think that I should start to invest some of this money instead of having it stopped in the bank, especially when I wont need it in the next few years.. + +I´m not experienced in trading, stock market and all the economy related stuff.. So, after investigating and reading about ways to invest, I see that investing in ETF´s is quite popular among beginners in Financial Markets and so I started to be interested about it.. I´m now considering to invest some amount of money into a portfolio of funds.. This investment would be always focused on long term.. 10/15/20 Years if not more.. My thoughts would be able to add around 600/750 Euros every month into the funds.. + +So, after I searched in reddit subsections as well as on the internet, I see that there are different answers for the same topic based on the country of residence, each person ideas and preferences, tolerance to risk and many other aspects.. + +Based on this, have a few points that I would love to get your input, especially because I´m really not deeply knowledgeable about these topics: + +1 – I´ve seen that many people use Degiro, Trading 212 as well as Interactive Brokers to adhere to ETFs.. I’m aware that some of them have lower commissions than others..I´ve seen also many people talking about investing into these funds using a bank which sometimes require a minimum amount of investment as well as higher commissions.. + +So, my question on this point is: If were you, would you for example split an investment of 100K Euros in different brokers and banks (ex 30K in Degiro, 20K in Trading212 or IB and 50K in the bank) or would you exclusively invest all in the Bank of your country? What are your thoughts on this point? + +2 – Does it make sense to pay someone a fee that could manage a possible portfolio that is more dynamic or this doesn’t make much sense in this occasion? I’m saying that because it could happen that after a period of time after investment was done, could make sense to make a few changes on the portfolio.. + +3 – In regards to the portfolio, the more I search, the more I learn different perspectives.. as well as I become a bit more doubtful about a possible portfolio of funds to use.. So, considering that this money to be invested is focus on the long term, what would you recommend? Have just 1 or 2 funds of indexes more global ? Would you add Real State & Bonds Funds and at which percentages ? I know there is not a “recipe” for success, but I would like to get an advise on what would you do if in my position.. My tolerance to risk from 0-7 would be a 5 + +Thank you so much in advance! +A big chunk of our ETF investments go towards US market. A currency fluctuation between USD and Euro (or whatever your local currency), can affect returns in a short term. + +As I understand, if Euro strengthens against USD our gains will be lower than what an American investor would have for the same assets. But currency hedged ETF would protect us from this. + +Are there any downsides of owning hedged ETFs? Maybe apart from the increased expense ratio if such is the case. + +I have 20K invested already and none are hedged ETFs. What’s your approach? +Can you tell me if there's anything obvious I should be different? + +&#x200B; + +1. I'm a UK citizen, living in Poland with my partner, so my mortgage and everyday expenses are in Polish złoty (PLN). +2. I keep six months of regular expenses, including mortgage payments, in PLN. +3. I keep a small amount of GBP in a UK bank, mostly to cover donations and memberships that I haven't stopped since moving to Poland. +4. I have a UK pension fund that won't accept any more contributions because they can't claim the tax back on them (that's what they said when I asked.) My current plan is not to move it until I retire, but it's certainly not enough to retire on by itself. +5. My partner and I pay most of our expenses jointly, and we're starting a joint savings account to hold onto for the day the car breaks down or the kitchen floods. +6. Everything beyond that goes into VWCE at Degiro. The plan there is just buy and hold. No active trading, just a single buy every month. +7. I plan to make voluntary contributions to my UK National Insurance, to keep entitlement to a full state pension. + +&#x200B; + +Also, I'm thinking of doing these things in the near future: + +&#x200B; + +* Find a better way of keeping cash. PLN inflation is nearly 7% right now, so I 'd be better off just buying euros and keeping them under the bed versus topping up my emergency fund. +* Buying something a bit greener that VWCE. I don't want to sell any of my current VWCE, but I would like to start buying VWCE plus something greener, hopefully without transaction or other charges. +* Diverting 10% or less of money invested into something higher risk or more active. Mostly I'm thinking about buying a little crypto every month, but I don't know the best way to buy it. Again it would be buy-and-hold, but the options I know of all seem either shady or very expensive. + +&#x200B; + +So, am I doing something dumb? Or is there something I could do better? How would you handle living in a high-inflation area? +Let's say for example that each month I want to invest 500€ into VWCE, so I calculate how many shares that is, and currently it's around 6,6. + +Would you guys just round it up and send different sum each month to be able to buy full shares? If yes then it's pointless to set a reccuring monthly payment. +Title. + +Homeless for the last 6 years. 25 now. Making 40k salary managing a sports center's website. How do I into not fail at life financially? + +So far I plan to save 10% with some sorta compound interest... are money mutuals the way to go? I mean I read a book in jail about it once. Hah. + +maybe 5% to an emergency fund a month? + +My >>current expenses are a cell phone at 40/mo, probation at 40/mo, and treatment at 240/mo + +I know I have tons of bills and etc but I don't know how to even begin knowing what bills I have. + +To anyone down on their life, work hard and remember anything can change at any moment. This is your story. Begin with visualizing how the last page reads. I've tried to end my life at times because I felt so down and luckily I failed multiple times. I've made mistake after mistake. But I learned from them. And even when I didn't have a bed, I organized my space every morning to feel like I had atleast done >something< for the day. +Cheers +With the Omicron variant causing stirs, and yet another story of Tether printing over a billion dollars overnight, its fair to say tensions are high as the prices have been bleeding slowly after some glorious pumps in OCT/NOV. The pumps can't last forever though, and corrections are healthy - so do you hold onto your FIAT and see what's going to happen? Or do we buy up the dips? + +"*Be Fearful When Others Are Greedy and Greedy When Others Are Fearful" -* Warren Buffet *--* although the man isn't a fan of cryptocurrencies, his statement still resonates well. We are currently sitting at 16, or ''extreme fear' on the index, and although its not a sure-fire way to analyse the market, it's really helped me time my buys. If you've not seen it before, check out; [The Crypto Fear + Greed Index](https://alternative.me/crypto/fear-and-greed-index/) + +Sometimes a different perspective is all you need. Zoom out and breathe - we are here for a long time not a good time! Aside from the massive drop we had, we are still doing well for the year. Sometimes a healthy zoom out is required to really put things into perspective. Am I concerned about all the news that's come out? Not really, FUDders gonna FUD, and until crypto gets the mainstream adoption it deserves, there will always be parties trying to shut it down. + +Who else has been buying up these recent dips? I know nobody knows what's next in this wild world of crypto, but what I do know for sure is my mama aint raise no paper handed bitch! +Now that I'm approaching FI I am thinking about how to properly make a decision on when to spend money when it comes to my overall life. + +It's no secret that we wont live forever. It can be really challenging to properly make decisions that shape your overall life. + +I have created myself a death timer which I sparing look at and I write down dates that I calculate my death. I think I put my death around 79 years of age which is the average for a male in the US. This number helps me calculate how much time and energy I'll have left to be alive, which arguably a more important number than the FI target number. + +This number battles with the FI target number in terms of knowing when to tap into the FI number for the overall quality of your life. However, not everyone wants to shape their life in the same way. What are some of the thoughts of the users here when it comes to this? I think it's a very complex topic, but I figure the common lifestyle here is to save up 1mil to 2mil and live as a minialmlist for the rest of life while enjoying passions. With this mindset it seems easy to always delay gratification as in not buying a video game that you would really enjoy or not thinking about having children etc. + + +Perhaps this is a more philisopical question entirely. How do we live our best life? +IMO we have to kick the economy while it's down by increasing rate hikes, or suffer the consequence of what happens when we kick the can further down the road and the music stops. I'm hoping for a 75bps hike this week and some information that shows some demand destruction. The market is down 30% and folks still don't care....the hurting has to start for us to turn this around. +There’s a story that somebody asked Ghandi what he thought about American civilization. He replied something like “I think it would be an excellent idea.” + +Ask me about American Capitalism and I say “It would at least be worth a try.” + +Most people who want to defend capitalism have only a vague idea what it is they think they’re defending. What they are in fact defending is the status quo. If they were fully honest they would be saying something like “I don’t understand it. You don’t understand it. I doubt anybody understands it. Let’s try not to mess with it because we’d probably break it worse.” + +The status quo does not particularly fit capitalist theory. It doesn’t particularly fit anybody’s theories. It grew by accident. Adam Smith and Ricardo tried to imagine what was going on and made up theories to explain how it worked. Marx tried to imagine what was going on and made up theories to explain why it would quit working. + +There is no particular reason to trust any of these theories. Some of them may look so compelling that people WILL trust them. But would you bet three billion lives on them? + +My view is that we have no particular reason to assume that the evolving world economy will be stable or reliable. It lurches along. It could fail drasticly at any time, and if people believe it is reliable that’s only because of theories that might not apply. + +We have no particular reason to assume that we know what’s wrong with it and how to fix it. More theory. + +So we very much need to reduce our dependency on the world market. Get more local self-sufficiency. That costs. If you consistently get the best deal you can from anywhere in the world, your expenses will be lower and your “efficiency” will be higher. But your risk will be higher too. So try to arrange to have what you need locally, and then trade on the world market for luxuries and special deals that you could get by without. + +If we can arrange thousands of local economies, then we can experiment. We can change around the system some places, and find out which changes work in practice. There’s always the chance that something which works one place will fail elsewhere — local cultures vary, and culture matters when you try to change behaviors. But each place we make changes, we get to look for the hidden relationships that our theories have not noticed before. + +What we have is a ramshackle evolved system that is evolving fast, not by natural selection among thousands or millions of alternate economies but by chance. Things that let some people make money faster get done, unless other people stop them. A random walk. We are betting our lives that it keeps working. Nobody understands it. Nobody knows how to fix it. + +Imagine the whole world was using and depending on a complex, buggy piece of software. Let’s give it a name, like say Windows 3.1. Everybody could see that it had problems. It sometimes broke down spontaneously. And it was susceptible to viruses that sometimes let some people steal from others. And there were people who were officially supposed to be maintaining the system, who were making a whole lot of money off of everybody else. Alternative systems were getting nowhere because to communicate with the rest of the world you had to be Windows-compatible. + +And imagine in this world you met somebody in a bar who argued that Windows was shit. He said he could redesign it and create a system which would not have the flaws. He knew a bunch of other smart people who all agreed that their approach would be better after they wrote it. They had talked it over and they knew where the problems were in Windows and they had a completely different approach which was guaranteed to work. He wanted you to agree to convert the whole world over to their system, which they would write later. + +How would you respond to that? + +What we have now is some ways worse than Windows 3.1. It has well over a hundred years of evolutionary cruft. Nobody has the source code. And there is no alpha-testing. Great big changes happen when teams of politicians talk it over and reach agreements based on their personal judgement and that of their staffs, with at best some desk-checking. Bretton Woods, NAFTA, TPP, you name it. + +We’re lucky to be alive. + +There has been many discussions about minimum wage here, and it's overall impact won't be solved anytime soon. I am curious about this specific aspect. + +As I understand it, the only reason a business would hire someone or create a position is because there is a need for that position. So if a company makes and sells 100 widgets a day, and has two employees who each can make about 50 widgets a day, they will not hire a 3rd employee unless is starts selling closer to 150 widgets a day, no matter how high profits go because it would be unnecessary. On the other side, they aren't going to get rid of that second widget maker because they need him to keep up with demand. + +So, even though it will cut into profits, they shouldn't eliminate positions because it'll mean stopping meeting demands. + +Does this make sense? What concepts do I have wrong here? +Oil demand probably hit a secular peak last year and, thanks to #EV's, now is in secular "decline". + +From her tweet on 2020 07-15 (not sure I can post tweets on here? I'll do it on reply) + + +"EV's" was the biggest sham in 2020-2021. Yes they are coming, no oil will be never be taken over when disaster strikes as we are seeing unfold or demand is high. +>What repayment strategy is most likely to motivate them to get them out of debt? Should they disperse payments equally across all accounts each month or concentrate payment on one account? Our research suggests that people are more motivated to get out of debt not only by concentrating on one account but also by beginning with the smallest. + +https://hbr.org/2016/12/research-the-best-strategy-for-paying-off-credit-card-debt + + +Hello, + +So I’m 21 years old. I’m married and I had a surgery that was conducted back in October. The procedure was a non emergency procedure but the thing is the hospital was in network but the surgeon was out of network. I don’t know how I can possibly get this bill reduced but I’m so broke. Any advice will help! + +Also: I can’t afford that amount. I received the bill today on the 18th the amount is due on 03/01/20 that’s not even a full month plus that’s in 11 days. + + +Thoughts 02/19/20 + +I’m thinking about calling and stating that I can pay $3,600 rn but that’s all the money I have and go from there. Also I’m thinking about refilling the claim or potentially getting a patient advocate or a lawyer at this point. :( +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +I just opened a new Macquarie bank transaction account and savings account, and I received an email asking for clarification on my occupation, specifically if I own a cafe/restaurant (I own a catering company) and if I have a liquor licence. +Why do they need this info for a straight transaction account? + messed up big time. I sent this address 800 bitcoin: + +113MmkyjjH6zS9VMvbwrhBNoMe6upzdvNC + +https://blockchain.info/address/113MmkyjjH6zS9VMvbwrhBNoMe6upzdvNC + +I had previously sent this address 300 bitcoin a year ago, and for the life of me I cannot remember what that was! + +Any and all help appreciated. + +Edit: Definitely a Mt Gox account so I'm trying to get a hold of them. As this was clearly an accident and not a deposit I would appreciate my errantly sent bitcoins back. + +Many thanks to /u/throwaway43572 + +Thanks for your understanding everyone, hopefully bitcoin can learn from my mistake. + +Apple accepting bitcoin.... hell ya! +I’m just venting. How backwards is this? I’m not gonna have enough gas to get to work until payday, which is Friday, so I have to fuckin call out. I have to drop my next paychecks salary because my last paycheck wasn’t big enough to cover me. And I’m waiting on 3x $35 overdraft fees. + + +I’m fucking drowning. I’m so stressed out. At least I have shelter but I can barely afford to take care of myself. I just got a great job that pays really well but I’m so negative from being unemployed that I’m just trying to catch up. + + +Sorry, im venting because it’s ass backwards that I have to call OUT of work because I don’t have enough money to even fuckin work. I have like .07 on my Apple Pay, so I can’t even use a payday advance app since you need minimum of $1. + +What the fuck. I can’t keep this up. I’m 34, if my 40s are as bad as my 30s have been I’m definitely offing myself because I can’t live with this stress anymore. I’m NEVER happy, I’m NEVER relaxed. + + +UGH +For the past few years I've been slowly adding money to a money market savings account. My father always suggested I invest that money, but I'm pretty risk adverse. I figured my money may not be working for me, but at least I don't have to worry about market downturns. About a month ago I gave in and moved a good chunk over to a Schwab individual account made up of an ETF and several mutual funds. Since transferring the funds over the market started its fun ride and I'm down about 4.5%. + +The question is, should I continue to move money into the account? Or move it to savings? + +I get that these are long term investments, and I should wait it out, but I'm pretty unnerved by seeing red, and the continued uncertainty in the financial market. + +**Edit - So many great replies, so little time. Thanks to everyone for your advice!** +Hello everyone. + +Until August 2021, I was seeing a therapist and the group he worked through (Lifestance/Pacific Coast Psychiatric Associates) never added my at the time current insurance information. I even asked my therapist who submits the insurance information to the group and he said it was all taken care of. Same goes for their support folks. + +In September, I received a bill for about $2600. I read the bill and saw I was getting charged $100 a session instead of the $30 my copay I should have been charged because of insurance. + +I immediately filed a grievance and got in contact with them. They said it would be escalated. I never heard back. I asked them again to check with my insurance and to please rerun the charges. They did that and it only took $235 off the bill. After messaging again asking about it, I heard nothing back. + +I then contacted my insurance and they informed me that they only cover claims submitted within 90 days of the service performed. During that same call, they called the therapist group with me on the phone. They informed the group that they failed to submit the claims in a timely manner. + +After a bunch of back and forth, the my said they would have to escalate it AGAIN. They’d supposedly get back to me in a week. I ran through the whole process with my insurance company and same outcome. + +During this time, I am getting a billing reminder for the full bill instead of the $690 I actually owe them. Now, they’ve completely shut down conversation and refuse to respond any further other than to say this is their final determination and I have 30 days to pay, as of today. I don’t know what to do. My insurance company can’t get it done for whatever reason. This sham of a therapy group is threatening collections. I don’t have a correct explanation of benefits so I’m powerless against collections. + +I did some research on this company and they recently changed their name after a massive amount of complaints against them for this very same thing. Hundreds of complaints. Everyone ended up having to pay because they gave up. I don’t want to but I don’t know what to do. +I scalp crypto and I am able to do it and kinda predict the movement but what happens is that I'm greedy and I want more and more and I end up losing all I have because of it. I don't know how to deal with the greed and just be humble and take profit no matter how big it is as long as I'm in profit but I just can't deal with emotions ... +**Final Edit Monday 5pm est:** [Official Nasdaq short interest info](https://www.nasdaqtrader.com/Trader.aspx?id=ShortInterest) **shows short interest decreasing. This was all a misinformation scam. Everybody getting played.** + +* &#x200B; + +You're a genius for making 10,000% on 20c for NEGG. Congrats, happy for you. Jealous af. + +Now, to the others: **don't fucking buy in after it spikes 500% in a week**. 1) You'll lose on stocks when it sells off. 2) You'll lose on calls even if it goes your way because they're way too expensive. 3) You'll probably even lose on puts when IV crushes. + +Obviously - **OBVIOUSLY** \- this was organized by some funds who were bag holders and found some willing buyers at 30x it's normal price (spoiler: \&gt;! you !\&lt;) after squeezing out the shorts for several days til it hit market cap req for WSB. Solid move, super impressive. + +For you apes - don't bag hold for whoever owns this stock - which by the way nobody even knows because there aren't even records. Sketchy AF. + +&#x200B; + +[who knows who's running this shit](https://preview.redd.it/icaajbraoua71.png?width=1560&format=png&auto=webp&s=a1bedc7c26a0bb1d11f722c72dea20de20a5f566) + +Let's be clear: there's no reason for this company to be worth enough to even belong on this sub. This stock is now worth **$22 billion.** That's the same price as **Deutche Bank**, **Toyota, Delta,** and a bunch of other companies that earn a lot more than **$5.74million per year** reselling computer parts (news this morning is they'll assemble it for you, wow) + +Here's a box for the reading impaired. + +**This is NEGG.** + +&#x200B; + +[NEGG's shit 'earnings'](https://preview.redd.it/60h5x9ldoua71.png?width=1436&format=png&auto=webp&s=1e84a41916bb29e56143aa89cce2996c98517e0f) + +**This is Deutche Bank**. Do you see the difference? 1 has an 'M' and 1 has a 'B' under income. + +&#x200B; + +[DB's earnings](https://preview.redd.it/yezrvlahoua71.png?width=1412&format=png&auto=webp&s=15d3b286fefc84b6e0be7f9638a7f47bb1c2492c) + +Don't 👏 buy 👏 worthless 👏 paper. Cheers + +\- + +Edit2: no, $60 is not a catch. no, $40 is not a catch. a catch is you paying me to have this junk in my portfolio + +Edit3: gets better, dude in comments says 2 people own this company: Zhitao He and Fred Chang. Apparently they literally say right in the filing that these two have full control to dilute whenever they want + +Edit4: to be fair, I was contacted and told that correct quarterly income is appx. $7.5mil, not $5.5mil (tho I don't see a difference personally) and that NEGG was eligible for wsb before the last couple of days +**$GME - Option flow by the numbers**Aftermarket close yesterday I was feeling fried - not so much because of GME (-15k on tsla options woof). So I unplugged, and hung out with my family. I’m an Old Ape. I’m an ape with wife ape, a child ape. I’m an ape that owns a few businesses, and properties. But most importantly - I’m an ape that is completely over the looseness of regulations in securities exchanges, and this ape isn’t fucking selling.Feeling recharged this morning, with a couple cups of coffee - I decided to jump into Option order flow from Cheddar Flow. + +&#x200B; + +I used the following parameters:3/1 to 3/15 OrdersRemoved everything that has expired and decided to do what gives me comfort as a wrinkle brain ape and just look at the concrete data. + +&#x200B; + +The Excel sheet I provided shows many things, is it accurate? No - probably not. This ape may have some wrinkles, but is too smooth calculate IV.The bulleted point of the sheet is this (NOT BANANA ADVICE, JUST WRINKLE BRAIN APE LOOKING FOR ANSWERS) + +There are: 111,204 Volume picked up in options that have yet to expire - between calls & putsThere is: 538,434 Current option interest on the strikes in this sheet The Average strike price divided by the total number of contracts purchased is 18,665 (this accounts for puts as well as calls) + +.Because ape only has some wrinkles, not all the wrinkles I can’t account for IV - but I can account for a banana to banana value at volatility less cost. So ape decided to account for that, to give himself a bigger view of the overall picture. + +There was: $24million in buys in deep ITM and slightly OOTM options picked up on 3/4 (ape things hedges for hedges (double fuck you scumbag funds if you’re reading this btw) + +On a banana for banana basis ape determined total value of all options right now is 94,854,461 bananas. + +So wrinkle brain ape took out the value of the puts, and hedges - and determined that the actual value is 140,017,514 Bananas in value. That’s a lot of bananas. Like a lot. + + + **(( EDIT: $99,965,839 spent on these options. // Shorts/Hedge removed is 116,463,553 ))** + + +With ape baseless speculation - I value The shorts/hedge (fuck you again btw) as -45,163,053 bananas. That’s quite a banana deficit before you account for IV and Theta. + + +**(( EDIT: -16,497,714 with adjustments to formula still not sure how to account for IV / Vega / Theta in all of this))** + +&#x200B; + +Other information I like:65.2 million outstanding sharesshort float is 54.16 million cccording to whale wisdom q4 filings there are 74.474 million shares held (LOL what? More shares than available - keep this in mind),short interest according to Morningstar is 52% . (**EDIT: updated to 26.22%)** + +There are currently 8.2 million more shares than outstanding (before apes and dfv of course).Short total should be around 28million shares.**Meaning 36.437 million shares need to be bought in order to cover.** + + +**(( EDIT: -22,474,752 total shares to be covered after adjusting SI -))** + +**TLDR:** Just fucking holding your shares, they bring bananas.Stop bitching about gamma, stop bitching about options, stop bitching about the day to day - wrinkle brain ape says this. Shit is going to hit the fan. Be apart of history apes. + +Go long, and stay strong + +\*\*Positions:\*\*Was holding 365 shares, told wife i'd withdraw more money this weekend because she's sketched out as fuck about all of this (bigly bananas up for the year), down to 265 shares now. with $30k in bananas to continue to add + +Excel Sheet attached.[https://drive.google.com/file/d/1xV1iz8mq-srWhjQCZmZQvowXm8L3SEgk/view?usp=sharing](https://drive.google.com/file/d/1xV1iz8mq-srWhjQCZmZQvowXm8L3SEgk/view?usp=sharing) + +If there are errors i'll adjust later. need more coffee. + +&#x200B; + +&#x200B; + +**EDIT 1:**there are errors, please don't down vote people for pointing them out. We should want accurate information, not just information that makes us feel good. + +u/Verb0182 and u/auspiciousham specifically pointing our correct inaccuracies.Adjusting and will re-upload my boomer excel sheet. + + +**EDIT 2:** After correcting formula in P column (my bad, good eye auspiciousham) and adjusting the short interest to 26.22 (good eyes verb) updated totals are: + + +22,474,752 million shares to cover + + +&#x200B; +I just started at a new company a couple of months ago. Our team is fairly ‘new’ as there are a lot of new additions including myself. All of us are remote so we live all over the world. In order for us to get to know each other better, our VP decided to have us do an offsite for brainstorming and bonding. This trip was Monday - Thursday (yesterday). + +I need to preface this that sometimes when I travel, I don’t go number two for awhile. So this trip, we are eating what feels like every few hours. I’m getting bloated. My work clothes aren’t fitting. Somehow I still get hungry and continue to eat when offered food. Well yesterday morning, my final day, we are workshopping in our SATELLITE office. Tiny office. One bathroom for both genders. I truly do not have any sort of impending doom and think I’m going to pee or I would have made my way to the hall to use the building restrooms. But no. I end up giving birth to at least a three pound 💩 I plug the toilet. Not just plug, but my attempt at a second flush has deep brown water to the rim only being held in by the crazy bubble physics of water. + +I am literally 8 feet from my team of 10 brainstorming who all, at any point, could have their coffee kick in and feel the need to use the restroom. There is no front office staff so I lock eyes with the first local employee who happens to be Head of the f*cking Transformation Office. I ask her if there is any office staff hoping she would direct me to another human but she asks what I need. I’m forced to tell her that I need a sharpie, paper, facility maintenance, and why. I’m talking fast and constantly looking behind me to intervene anyone trying to use the toilet. If they did, they would find a toilet with no lid which just puts the whole horrific scene on display. + +I try to blame it on a potential previous user plugging up the toilet before but I can see she doesn’t believe me. I need MOASS so I never have to work with her, her team or go back to that office ever again. +I have a standard 8% pension, I contribute 5% and the company contributes 3%. I'm planning to increase my contributions, but is it worth asking if my employer will too? + +The company lists 'great pension scheme' as one of its benefits and I hadn't really looked into it until now. Now, I realise its literally the bare minimum. + +Whats the best way to ask about this? + +I realise it is essentially asking for a raise, so I don't want to be inappropriate. (PS - we have about 30 employees, so I would need to ask the managing director himself). +TLDR; Great Lakes submitted the WRONG student loan status code to the three credit bureaus for ALL of their customers with student loans (as part of the CARES act) and it's causing everyone's credit scores to drop 40-50 points. + +I'm in the midst of buying a house and my lender pulled my credit yesterday. She told me what it was and I was shocked, it was lower than I thought. I know numbers fluctuate from free services like Discover and Credit Karma, so I looked at Credit Karma to see the numbers from two of the bureaus, and sure enough, a MAJOR drop of 45 points on both of them over a 4 day update period. I know the numbers themselves aren't super accurate, but the trends sure are. + +I saw some articles on this subreddit today alluding to this issue but I wanted to verify the info. I googled and found ONE article about this [here](https://www.wsbtv.com/news/local/atlanta/student-loan-borrowers-discover-significant-drop-credit-score-following-cares-act-protections/DBNHS5ODKBCNHOE7VKU3RWNFVI/). It was actually pretty informative and accurate. + +I called Great Lakes and a woman confirmed that it was true: their company had provided the wrong 'code' to the credit bureaus, essentially causing everyone's student loans to look they are in REAL forbearance/deferral. I asked if it was worth looking at my account to see if I was one of the ones affected and she told me that it wasn't necessary because it affected everyone across the board. Wut. + +My follow up was 'when is this going to be fixed?' and she said on May 31st they send their normal monthly report to the three bureaus and it will have the correction in there and will set everyone's accounts back (yeah right! Trust but verify!). As for when the bureaus will fix it once they receive the new information, I am still sitting on hold with one of them now to find out. + +The last thing I asked her was if this was written publicly anywhere so that I can show my lender proof of this information. She said that they don't have it posted anywhere. WTF! No press release, no statement, NOTHING. Feels weird to know about something that affects so many people, yet there's only one article on it. + +I'll update this post once I talk to someone at TransUnion. What a crazy year. + +**EDIT: Since Credit Karma pulls Vantage Scores, I wanted to see what my FICO scores were. I signed up for a free trial with Experian's service that gives me access to all 3 bureaus' credit FICO 8 scores. It also has, just for Experian scores, a breakdown of a specific credit score for mortgage, auto lending, and credit cards. The only one that was slightly low, at the level my lender would have seen, was the mortgage one. I cannot see 'trends' here to see if it had dropped recently.** + +**Conclusively, I cannot confirm yet for SURE whether my lender uses a FICO 2, FICO 8, or Vantage score. Going to talk to them this morning.** + +**EDIT: Sidenote cuz I thought this was pretty cool: as part of the trial of the experian service (and I would hope the other bureaus have something similar), you can use a 'score simulator' to click scenarios to see specifically what your credit score will do when you get a new credit card, pay off credit card balances, close down a credit card, etc. Thought that was pretty cool. It's only on the FICO 8 score model though, not the mortgage, auto, or credit card one.** + +**EDIT: My mortgage lender talked to the credit company and they said they use the following scores to determine my rates:Experian: Fair Isaac v2Transunion - FICO Classic 4Equifax - FICO Classic** + +**In conclusion, I'm calling this the "Great" Mishap of 2020. As far as I know, unless anyone says otherwise in this thread to me, Great Lakes screwing up the code is only affecting the Vantage Score calculations (used by Credit Karma) and not Fair Isaac or FICO.** + +**Last edit I swear: If you have student loans on automatic deferment because of CARES, do yourself a favor and open a high yield online savings account. "Pay" the same monthly payment into that account every month. If you have an emergency between now and September when payments are due again, you'll have cash on hand. If you don't have an emergency, even better - take that massive lump sump you saved up with hopefully >1.5% interest, and make a massive payment on your loans - target the ones that HAD the highest interest rates. It's a win-win scenario.** + +**EDIT on 5-21: Looks like** [Forbes](https://www.forbes.com/sites/adamminsky/2020/05/19/student-loan-servicers-are-dinging-credit-reports-for-the-cares-act-forbearance/#23d7e28865fa) **decided to write an article about it! And Great Lakes denied any wrong doing in a statement.** +I have 3k saved and ready to put down on my debt. + +I built my emergency fund bigger than necessary so now I want to put 3k down. + +My dad insists since my car loan has a higher percentage rate than my student loans, it’s better to pay on them. + +I’m not sure if I’m missing something but in my head the student loan, though having a lower rate, will rack up faster due to the higher balance. + +This is really a simple question but my thinking isn’t incorrect is it? + +Edit: thanks everyone; my dad is in fact correct. + +The total balance of the loan should not be taken into account when figuring this out. I over complicated it. + +Also to the homies messaging me asking if I even went to college, why yes, yes I did. I am not embarrassed to say I am an engineer who did the mental math wrong and reached out for help. I hope you can be nicer to people with honest questions in the future. No one wants to be made to feel stupid. + +Happy New Years ; cheers. + +Edit 2: + +I’ll leave the post for anyone who needs the advice but I’m leaving this account alone. Thank you to all the advice given here. +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 +Electric vehicles have far fewer moving parts in their drive trains than gas-powered vehicles. Fewer parts equate to simpler and faster assembly. EVs do have many thousands of batteries, but these are static and relatively reliable. As a result, car makers can build EVs with fewer workers on the line using more robots and automated processes. + +EVs require roughly 40% fewer hours of assembly time than gas-powered cars. Those types of efficiencies must translate into less jobs somewhere in the assembly process, which will ripple outward. + +Modular designs + fewer parts = fewer jobs + +One thing drivers love about EVs is that they rarely break down and if they do, they are relatively easy to fix. Unfortunately, this threatens jobs at auto dealership and auto repair shops, which collectively employed over 2 million workers in the United States alone in 2022, according the U.S. Bureau of Labor Statistics. Oil changes, tune-ups and most other forms of maintenance that dealers charge for will go away. + +Aside from the battery replacing the complicated combustion engine, EVs have a different braking system that is longer-lived and less subject to wear and tear. McKinsey estimates a 40% decline in consumer aftermarket spending for EVs compared to ICE cars. This drop will also impact those employed at auto parts, accessories and tire stores, which is roughly 560,000 people in the U.S. + +&#x200B; + +[Full Article](https://www.msn.com/en-us/money/companies/ford-s-job-cuts-are-just-the-beginning-of-another-ev-earthquake/ar-AA110jo2?cvid=99944364822243daa98437a230fdf74a) +Ive heard that they are trying to run Russia out of the market. But Ive also heard that its actually the Saudis and the Russians working together to hurt the US. Why would the Saudis do this if they are US allies? +RC has cornered the Shorts. + +The Splividend has created a phenomenal expose` of fuckery, actionable evidence with value in a court of law. + +RC has had tons of time to prepare to capture the evidence and there was no way the Shorts could wiggle out of providing it, the web of fuckery was/is too dense, too tangled. + +Brilliantly played 4D chess. + +Remember, he needed enough evidence that facing him in court is almost meaningless, in order to not get bogged down in lawsuits for years, to not have lawsuits stop him temporarily (temporarily forever) from implementing his radical moves going forward. + +The Overstock precedent was critical. He is building on its foundation. + +And now he has massive legal overkill evidence, which he will need to weather the shit storm that will ensue from breaking Wall Street's back. +About a year ago my wife of 17 years was diagnosed with an aggressive form of breast cancer. She has cycled through 4 different treatments which have mostly kept the cancer in a state of stasis. After a month or two the medications stop having an effect and it starts growing again. The latest round of meds has done nothing. + +We are both in our mid-40's. We have 7 children ranging from 16 down to 2. I expect the oldest to graduate within the next year and the next oldest a year after that. Both of them have plans to go to college following graduation. + +I would like to try to maintain the same quality of life for my children as I possibly can. I expect that towards the end I'll have to hire someone to help me take care of her and the family and I assume that I would have to keep that person on-board for a long period following as well. + +We both have term life insurance policies. The policies for her total about $400,000. Any ideas on what I should do to maximize the money that I would have on hand to help keep family life stable? + +**EDIT:** Thank you for all the *good* advice (the ones giving bad advice can go to hell). + +Just to clarify a few points and to add some flavor to the conversation: + +* I am a US citizen. My wife is not. We reside in the US. +* I have good health insurance that covers our family. I am not concerned about medical bills at this point. +* My children are technically schooled at home, not homeschooled. They are enrolled in a school based in California and we administer the education. When they graduate, they will receive high school diplomas. + +Things I will not do: +* divorce my wife. I'd rather go bankrupt than do that. +* cook/sell meth. +* sell or dispose of any of my children. +Up until the GME saga began, retail investors have always been the weakest link when it comes to the markets. +Ken Griffin has openly stated that Citadel’s trading algorithms are based on human behaviour, and the “madness of crowds”. Their entire business model is based on exploiting the most basic of human emotions, fear, panic and greed. In fact, the vast majority of economic sciences are based on these traits. + +The markets are essentially made up of 2 opposing factions, institutions and retail. Institutions always know, to an extent, what other institutions are doing. In fact, there are many smaller hedge funds that base their entire business model on copying the bigger funds, piggybacking on their success. +This is why institutions publicly announce a position, to encourage other players to join in and strengthen their position. And for decades, this has all been at the expense of retail investors. + +Retail has always been scattered and fragmented, where it’s every man for himself and nobody really knows what anyone else is doing. +Well that’s all changed now. + +Gary Gensler said himself in the congressional hearing that he sees the online communication and sharing of ideas amongst retail investors as a good thing. +There seems to be a lot of fear that by banding together to share opinions and ideas we are somehow colluding to manipulate the market. That’s not the case at all here, we are merely doing what institutions do, and its now a level playing field. + +What Superstonk are currently doing will more than likely interrupt the entire science of economics, as the crowd is no longer mad. +We are calculated, focused, and behave in a way that is unexploitable. Our population is still growing by thousands every week, we are getting bigger and stronger. + +By continuing to buy, hold and DRS, we guarantee that the squeeze will be the most significant economic event the world will ever witness, and you should all be extremely proud to be a part of this. + +Not only are you all about to become extremely wealthy, you are also sending a message that you won’t allow retail to be exploited ever again. +And the way to make that message heard loud and clear, is by ensuring the MOASS apex peak reaches astronomical levels. + + +Hold strong and see you all on the moon 🚀🚀 +The Winklevoss twins have done a lot for bitcoin. They could have easily sat around with their millions of dollars and did nothing - but they took an enormous risk in investing in bitcoin, going public with their ideas, and spending the last many years building successful bitcoin businesses to help the ecosystem. + +Not only that - the Winklevoss appear to be very professional as brand ambassadors to bitcoin in their discussions with news media and I'm sure that comes transfers across to regulators as they take every available financial effort to try for a bitcoin ETF. + +We are all indebted to the Winklevoss Twins for pushing BTC forward. + +No matter what happends this week - Thanks TWINS! +I keep seeing more and more people in the forex community joining prop firms or taking challenges for funded accounts. Can anyone summarize the advantages of this over building up your own account and keeping 100% of the profits. Is there some kind of tax advantage with them? Any pros or cons anyone could provide would be appreciated. + +coinexx stole 20k from my father who works 10 hr days everyday just to save his money to trade forex. he had the 20k in his account for a couple months that was untouched then he tried to log in and they called fraud and the next week the money was gone. this fucking company hurt my family more than any person ever could. does anyone know how to recover the funds or could y’all spread this message so that we can raise awareness about how shitty of a pos company this is. +One of my friends talked to about joining trading with his trading group and they way his presenting it looks something a MLM company would do. I'm still learning about forex trading. +But what I want to ask is is joining a group a good way to start. +Hello all, + +I am fairly new to Forex so am going through the phase of backtesting different strategies before executing them in the live charts. I currently find myself working through Cypher patterns. + +&#x200B; + +My plan is to improve my skills over time and eventually look to get involved with a prop firm. But what I've found so far from researching them is in the UK, the vast majority of them use MT4 as their platform. Up until finding out this information, I've only been using TradingView because its so easy to intuitive, especially to backtest on. So after finding out about the prop firms I decided to get MT4 installed to try and get my head around how it works since I would likely be using it in the future. But having used it for a few days now I am really struggling to see why so many firms and traders would ever consider it, when comparing to TradingView. It feels incredibly limited and overall a terrible experience when just doing basic things like drawing Fib indicators on the charts. From what I can see you can't even increase the height of the candles past a certain point which is quite important when confirming your A-B or C-D leg completions. Also the fact you need to select the crosshair tool to use it as opposed to it just being on as default like TradingView. + +&#x200B; + +So the reason for my post is to find out if this is one of those pieces of software that you have to heavily customize or download templates/addons to give you more of a better quality of life experience, or is this really what everyone works with out the box? Has anyone used this for backtesting and if so, did you encounter any limitations or hurdles along the way? + +&#x200B; + +Thanks a lot! +I keep seeing more and more people in the forex community joining prop firms or taking challenges for funded accounts. Can anyone summarize the advantages of this over building up your own account and keeping 100% of the profits. Is there some kind of tax advantage with them? Any pros or cons anyone could provide would be appreciated. +I've been studying forex for 2 years and this has always been in the back of my mind. Is it possible that in the future taxes will be too high or that retail trading will be banned? Maybe this is just me being scared since now I'm a full time trader and I want a long trading career. +Hey guys, as you can guess I took a really bad trade and made an even poorer decision tonight and it cost me. I lost quite a lot of money. I’ve learned a very hard lesson and will definitely avoid making this unwise decision again in the future. It took a toll on me emotionally and psychologically. I tried my best to minimize my losses, but still took a huge loss. It’s time to recoup that loss and it will take quite some time but I need to just relax and clear my mind for now and go in when I have a well planned strategy for entering and exiting. +What was the hardest thing for you to overcome with regards to trading? + +Also, feel free to add opinions and suggestions relating to your journey as an FX trader. + +No matter the level of knowledge, practice or experience, we can always learn more! + +Looking forward to everyone’s inputs! :) +Ok so has anyone noticed the theme with all these educators that they are all teaching the same stuff yet lots of people still lose money? + I’ve watched many leaked courses and it astounded me that they all teaching the same stuff with a different price tag or making so much on signals… + +If anyone has any insight comment below lol maybe we can educate the sheep in this industry +It would be great if you'd post an example. I would like to know how deep an actual strategy that works is, or how simple it can be. I have no idea at this point how hard or how soft I must be working on the strategy part of my trade. Do I need 10 indicators, 10 supports/resistances? Also, is a 'strategy' supposed to be reproducible for every market condition, or applicable to the markets on a daily basis? People say price action works. But would that fit the term 'strategy'? + + +Hello everyone, my name is John and I need some help. + +I am a 16-year-old boy who has been in trading for over 3 years. I have started with low sums to get my feet wet. Fast-forwarding to the present, I have just finished a 3-week course on technical analyses, knew everything but I learned some new indicators, so that's cool. + +I would like to know your opinion on the following scenario, I would like to ask my parents to borrow 5000 $ from the bank to open my own account. My parents are well financially but they live with the idea that a "business" shall not be open on your own money, hence you will spend the profits recklessly so the only way to get money thru them is just from a bank... + +I have analyzed some brokers and I am going with Pelliron, they got 0 swap, fixed spreads, and some also good bonuses, like 3 % per month from your balance if you make a certain number of volumes, also they got double hit and 1 + 1 partnerships, and I am not going to explain them because it is going to take a while. The most interesting thing about Pellion is that they have a "secure account" option if you make 100 lots/volumes per 1000$ that you have in your balance, in my case 500 lots for 5000 $ and if you lose all your money in the first month they will return the initial deposit, also you have to use SL and other limits. + +I am just worried if it is a good idea to borrow money to open my account, I am also at a top High School and I am worried about not managing everything. What do you think? Should I ask for a loan? +What is the lifestyle of those of you who trade full time? How many hours are you putting in daily? + +I understand that you must always be studying as well as trading, and consider that a part of "working". I have heard the success stories of those who are profitable and make a living from trading, but the 12-15 hours put in daily from these specific folks does not sound attractive. I also understand it is up to the individual on how they set up their work week. + +I believe that most have the *goal* in mind of the "four hour work week" and making a comfortable living off of trading. I understand it takes years of hard work and dedication to get to this point, but is that goal realistic? + +Just looking to get some insight from you guys, or anyone you may know trading full time. +Great position trade opportunity. Going long EUR/USD 1.1225 with a TP of 1.2048 and 1.3050. Time horizons are 6 and 18 months respectively. + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; +I decided to start enhancing my long-term analysis by incorporating fundamentals. Found this a while back, and I think it's a good resource for econonoobs to help understand the basics. Thought I'd share it. Any additional resources appreciated. + +http://www.informedtrades.com/f7/ + +Note: It's free but there are ads. I'm not affiliated with this website in any way. I've followed these guys on youtube for a while and they seem legit in my opinion. +I feel like with all the cheating and drama going on with spot fx we should at the very least have a dedicated section on the right for guidance on futures contracts. + +The shady Cypriot brokers and ones on other random islands are lying and selling a dream so let's take a look at the reality of spot fx... + +Currency markets are the most liquid and active markets of any sector. However, there is also a great deal of misinformation, slick advertising, and even outright deception regarding this $2 Trillion Dollar a Day marketplace. For starters, a large percentage of that $2 Trillion is traded through what is referred to as the interbank market. The interbank market is the top-level foreign exchange market where banks exchange different currencies. This **trading between banks is not accessible to retail traders** and is estimated to account for the vast majority of the Trillion Dollar liquidity factor that attracts so many retail traders in the first place. + +Here are a few of the reasons to trade futures: + +-Level playing field for all participants + +-Deep liquidity on major currency contracts + +-Safety and security of central clearing + +If your Forex brokerage firm uses a dealing desk, your buy and sell orders never actually reach the true Forex market. In other words, you do not have access to the inter-bank market. Instead you are buying and selling at prices set, and potentially manipulated by the dealing desk. This is known as **conflict of interest.** + +The Chicago Mercantile Exchange guarantees each transaction. **Futures contracts are legally binding!** This means that if you go long a currency futures contract and your speculation was correct, you will walk away from the trade with your profit **even if the person that took the other side of the trade fails to pay.** This is what we call **counterparty risk.** + +Take a moment, have a break and take a look at all the horror stories on forex factory, for instance. + +Whether you are a large institution or an individual trader, everyone is on equal footing when it comes to pricing currency futures. **EVERYBODY** gets the same price regardless of who you are (individual or mega bank). Best price wins, it is as simple as that — something that is not always the case in the fragmented OTC FX market. The spreads are also very tight if you trade liquid future contracts. + +Spot fx brokers also control their price feeds. They can widen the spreads as they see fit and they can really screw you over if they want to. Believe me when I say that most fx brokers don't want you to win! Even the ones that claim to have liquidity providers... Those are nothing but price feeds. Quotes. Nothing more.... + +And Forex firms offering a "fixed" 3-5 point spread may not be charging traders commission outright, or even in a form that shows up on an account statement, but there are significant costs built into the synthetic market that they provide to you. + +No middle man, no market maker. Yes, Forex is an electronic market, but your order still ends up on a "dealing desk" where a human handles your order. Or an algorithm... Basically, a Market Maker. He could make you or break you. With E-mini Futures you have a level playing field. You trade on a centralised and CFTC regulated exchange. Whether you're Goldman Sachs or Joe from Idaho, you get equal treatment! + +If you're worried about Liquidity - 1.5-3m contracts trade hands everyday on the S&P 500 E-mini Futures Contract. If you want in or out of a position, there is almost always someone waiting and willing to take the other side of your trade (24/5) just 1 tick away. This simply isn't true for all Forex Pairs. + +Low Cost of Doing Business - Commissions on a self directed SP500 E-mini Trade (ES) should be no more than $3.00 per side or $6.00 per round turn. While many Forex Brokers tout "Zero Commission", we all know there's no free lunch. Forex Brokers don't need to charge a commission because they make money off of the bid/ask spread "they create" and then take the other side of your trade. Run the numbers... for every $100 in profits or loss, you will spend a larger % in "cost of doing business" in the Forex Market than you will in the S&P E-mini Market. Don't take my word for it... go take some real trades and you'll quickly see the truth. + +Zero Interest - If you you trade the ES intraday, expect to put up $500 per contract as a "bond" for lack of a better term. That's it. No hidden cost. Forex however, has a "cost of carry" associated which means interest may be charged or paid on positions taken. + +Fiduciary Responsibility - Even regulated US Forex firms are not required to segregate customer funds. If a regulated firm goes under, you do not have the protection of the CFTC and the NFA as you do in the Futures Markets. + +Turn ON The Volume Please - In Forex, since there is no centralised exchange, **it is impossible to get a true read on volume.** Not so with the S&P 500 "ES" E-mini. Simply turn on the volume indicator and you have exact numbers for Volume Analysis. **GS and CITI have huge research departments with hundreds of employees, but they know nothing about volume that you don't know via a free indicator on your direct access trading platform. Just one more example of the level playing field we constantly speak of.** + +Centralised Clearing - All trades are cleared via the CME - Chicago Mercantile Exchange. **All trades, including time and sales, are public information and posted in real time.** + +Edit: By the way, if you're worried about discrepancies, **currency futures charts look almost exactly the same as their spot fx siblings**! So you can easily apply your current strategy to this market, too! + +A great example would be **"M6E" vs "EUR/USD"** + +SO GUYS, LET'S ACCEPT REALITY AND LET'S DO SOMETHING ABOUT IT. DO YOU AGREE? + +Source: cfrn.net +What is the lifestyle of those of you who trade full time? How many hours are you putting in daily? + +I understand that you must always be studying as well as trading, and consider that a part of "working". I have heard the success stories of those who are profitable and make a living from trading, but the 12-15 hours put in daily from these specific folks does not sound attractive. I also understand it is up to the individual on how they set up their work week. + +I believe that most have the *goal* in mind of the "four hour work week" and making a comfortable living off of trading. I understand it takes years of hard work and dedication to get to this point, but is that goal realistic? + +Just looking to get some insight from you guys, or anyone you may know trading full time. +Great position trade opportunity. Going long EUR/USD 1.1225 with a TP of 1.2048 and 1.3050. Time horizons are 6 and 18 months respectively. + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; +Hey, it would be nice to have a thread where people share their full strategy. I actually think that a lot of begginers (including me) when going into demo/live accounts don't really understand the meaning of a strategy in Forex. This thread has the purpose to help the forex community a little bit more since majority of this subreddit are begginers. Comment down below what your full strategy looks like! +What's your view? Are they important when back testing? + +I think it's very important to take news into account when back testing personally. You can have the best technical setup in the world and a good/bad data release could flip it completely. + +I'm only asking because TradingView recently removed the option to display economic events from the chart. A few others and myself have made posts on r/tradingview and this sub about it and hardly two dozen people even care. + +So really what I'm asking is, if you don't care then why? +Hi there I'm new to trading I'll begin with small amount and i intend to make daytrades not longterm trades and I'd like to know if there is any successful strategy to follow and what indicators proven a good result in trading. +Your comments would be appreciated ❤️ +I found this correlating pretty closely to the situation developing in my college town. In March, schools were closing their campuses and housing. This caused lots of people to want to get rid of all their furniture (or in this case, oil) for cheap. Some even began giving it away for free. Now it's the end of the month and you still have furniture. Would you rather not get your deposit of $1000 back (correlating this with the cost of oil storage), or PAY someone $50 bucks to haul away your couch? If you timed it right, you could have a very nice couch bought by some rich foreign student for very cheap :). + +&#x200B; + +Edit: I should clarify that this is only applicable for May contract delivery. Sell now or pay hefty storage fees (or in this case, lose your deposit). +I sold my car privately recently. The car is 12 years old and just over 210,000 miles. The car was running fine while I owned it and I had no knowledge of any mechanical issues. Now, a week later, the buyer called me and she told me the transmission failed. I feel pretty conflicted on what to do. The buyer got a pretty good deal on the car and I would have been happy to let the buyer get the car inspected prior to purchase but she didn't. + +&#x200B; + +Now I am stuck feeling guilty and worried the buyer thinks I lied to her or tried to hide the issue - which I didn't. + +&#x200B; + +Rational me: They bought it as-is and elected not to inspect it. + +Emotional me: Offer a decent amount of the purchase price back. +Edit: I'm 22 years old, my £1000 is in a cash isa, I rent privatley for quite cheap and I have a 30hr a week £8 an hour job. Any more info required please ask. +Just got the news in an email from Goldman Sachs - see https://apps.apple.com/gb/app/id1489511701. Apparently the Android version will also be released soon. +Hey PF - currently I am lined up to begin work in the next month or so. I will be working 12 hour days, 5 days a week, with the weekends being 8 hour days. (A grind, I know.) +For the first 8 hours of the day I will make in the ballpark of 28/hr and after that it bumps to roughly 35/hr. My month to month living expenses will be $400 for rent, and then roughly 100 a month for food, gas etc. My insurance is being paid for and my car is paid off. (Old Honda) I plan to take a break from school, buckle down and make as much money as I can. Coming from a poor household, I'm not quite sure what I should be doing with the funds I will have coming in. Has anyone been in a similar situation and have some advice? Sorry for awful formatting, on mobile. +##The dumbest mistake Safemoon made was thinking they could get away with theft on a public ledger. + +--- +--- + +###[A catch up if necessary](https://www.reddit.com/r/CryptoCurrency/comments/rroftv/safemoon_giving_old_holders_mere_hours_warning/) + +--- +--- + +On December 29th at 16:00 UTC, Safemoon implemented a 100% tax to discourage arbitrage trading, and announced this just 1.5 hours previously and only on limited social media channels. + +**If you bought, sold or transferred Safemoon after this date**, your tokens were taken from you and sent to the Liquidity Pool, where they have since been [withdrawn several times](https://bscscan.com/token/0x9adc6fb78cefa07e13e9294f150c1e8c1dd566c0?a=0xcd198be08a33cbe2172f3be45cdb431e060076bc#tokenAnalytics) (Look at the big spike that started on December 29th, these vipers knew what they were doing and withdrew straight away). + +The legality of this is still under review, and after ignoring it for months and months, the folks over at [SafeMoonCase](http://np.reddit.com/r/SafemoonCase) jumped on the back of an existing lawsuit for Safemoon (alleging a pump & dump scheme) and submitted a new class-action lawsuit, demanding Safemoon return the stolen tokens, and giving them the standard 14 days to respond. Safemoon did respond on the 13th day, but only with a generic "We're looking in to this", with no indication of urgency, timescales or how it will happen. + +--- +--- + +Thankfully, the blockchain is public and with a little sleuthing I have discovered an easy and verifiable way to tally up all of the stolen funds. And yes, I'm using "stolen" here because I believe that the act of ruthlessly taxing transactions at 100% constitutes theft. + +First, you find a site that will let you query the Binance Smart Chain. I found one that lets me query using SQL, which is a language I have some experience in. And now I'm going to show you how to do it. + +If we look at a simple "taxed" transaction hash, we get this: + +--- +[This transaction for 990 million Safemoon, worth approx $1,000 at time of transfer, was taxed 100%](https://bscscan.com/tx/0x3a67b4b12ae60ac6cbc6c18e58ff69499059ba5da111e7009560e6f5239f8758) +--- + +You can see the "output" of this wallet-to-wallet transaction was 0.0000001 Safemoon. To find the input is a little trickier, you need to look at the raw transaction data, which is this: + + Function: transfer(address recipient, uint256 amount) + + MethodID: 0xa9059cbb + [0]: 000000000000000000000000c8ff694f4aed464e78123701b0c6cd6ef4b3b54c + [1]: 0000000000000000000000000000000000000000000000000dbe14ef8f2d8773 + +See that second part of the bracket? The value is stored as a uint256 figure (Hex), so you need to convert it to Decimal, [which is the second line \(ending 8773\)](https://codebeautify.org/hex-decimal-converter). You must input "dbe14ef8f2d8773" + +This returns **990251987199952800**, which is missing the decimal place. Divide it by 1000000000 (1 with 9 zeroes) and that finally returns 990251987.199952 + +And there you have it. The input of the transaction, or the Safemoon that was attempted to be sent, was 990,251,987, approximately $1,094, and the Safemoon Developers stole this by enacting an unethical 100% tax. You can get the transaction value [by looking at historical Safemoon V1 prices on CoinMarketCap](https://coinmarketcap.com/currencies/safemoon/historical-data/) + +--- +--- + +So now we want to get **EVERY** transaction that was stolen. That's easy enough. You create a query that looks to get **ALL** transactions on the S[afemoon V1 contract](https://bscscan.com/token/0x8076c74c5e3f5852037f31ff0093eeb8c8add8d3) **AFTER** 2021-12-29 16:00, where the MethodID of the transaction is "transfer" (this is people attempting to move Safemoon from one wallet to another), and where the transaction was successful (I.e, it didn't fail due to low BNB for gas) + +This gives us a whopping 44,718 lines. But 9,233 of these transactions were whitelisted and actually *not subject to the 100% tax!* (It's still unclear why so many wallets appear to be whitelisted) + +####However, the other 35,485 transactions since the 29th December 2021 were taxed at a 100% rate, and here's what Safemoon collected: + +##3.93 TRILLION Safemoon V1 tokens +##Worth approximately $6,309,371 at time of transfer + +--- +--- + +I've got some more stats you may find interesting: + +The largest amount of tokens taxed in one go was on the 7th March 2022 where **over 210 BILLION tokens were taxed**, at an approximate value of $105,737. [Here is the transaction.](https://bscscan.com/tx/0xd5822cfe0713a815ba2251e4a018321da9f9b81a3d3cd675f32d40ac5f5d9c03) + +###*I have been alerted by a user that the above transaction is an exchange wallet, where they performed a transfer instead of a migration. [Safemoon then reimbursed them via their V2 deployer wallet](https://bscscan.com/tx/0x09b232afbb466a863194307046863ddbbbc879d89b1c5aae5dd31b4f7597a447)*. This is very nice of Safemoon to reimburse a mistaken transfer from an exchange wallet 2 days after they lost their money, whereas the rest of the community that did lose all their money, like below, can go and kick rocks. + + + +The largest value of tokens taxed in one go was $171,337, where 85 BILLION tokens were taxed on the 31st December 2021, [Happy New Years to that poor bastard](https://bscscan.com/tx/0xf22e2e4ddddef9059b41ed51507178f7062c529c410600769f539e0277dbfbd2). + +##In just these two transactions, Safemoon developers stole over $277,000. + +The most tax taken in one day was from 3,090 different wallets, on the 31st December, worth 625 Billion Safemoon, valued at $1,259,035 - not bad for a day's work. + +--- +--- + +Anyone want a reminder of the opinion of the Safemoon community to those who lost all their money via tax?[ Luckily, I documented it here](https://www.reddit.com/r/CryptoCurrency/comments/s28y63/according_to_the_safemoon_army_if_you_do_not/) so you can see what the "Safemoon Family" thinks about people who didn't check every single facet of Social media before sending a fucking transaction. + + +In my opinion, the actions of both the Safemoon development team and the community that praises them and fiercely opposes all criticism is frankly disgusting. + +--- +--- + +##But wait, there's more! + +This is **JUST** the "Transfer" transactions, I'm still yet to uncover purchases, sales or token swaps, which were also taxed at 100%. I will either update this post if I can figure it out tonight, or create a new one in the future. + + +As a closing statement, I just want to say that I hope the [Class Action Lawsuit](https://www.rgrdlaw.com/cases-safemoon-llc-class-action-lawsuit.html) fucks the Safemoon devs. This shit is worse than Bitconnect in my opinion, this is not just misleading investors (which they are due in court for), it's straight up theft too. I hope jailtime is doled out. + +**But even then I have my doubts that it will change the minds of the Safemoon faithful**. +Apple has had 1,044% gain in 10 years; 267% in the past 5 years. + +Google has had 545% in the past 10 years; 135% in the past 5 years. + +Microsoft has had 725% in the past 10 years; 336% in the past 5 years. + +I was thinking about it, and would it be a bad idea to just split my money in a couple stocks (still looking at the other long term companies, but probably Google and Microsoft) but just keep it there for the next 10 years or whenever I need it? + +If i invest my savings of just shy of 100k, and contribute bi-weekly (each part of my paycheck I can buy more stocks) I could add about 40-50k annually. + +&#x200B; + +Is this a bad idea? I understand the concept of diversifying but I also don't believe these companies will be overshadowed in the next 10 years. Is there something I'm not considering? Why do people overly diversify and routinely buy and sell? How often do people go 'ultra long' on stocks? +Has anyone noticed that there has been an amazing increase in the number of people spamming that Superstonk is a Q word cult and Q word this and that. + +What the heck is up with that? A new post with a few thousand likes always pops up everyday it seems. + +Apes come here only for stonks and confirmation bias. If you want to talk about politics go somewhere else. + +This might just be a FUD tactic meant to shut down this reddit. I think the hedgies might be artificially pumping up the likes for posts like that. + +Think about it, if someone was to continuously spam the Q word on this subreddit everyday. Then if some random person was to do a simple search on reddit or even google wouldn't that just point to this subreddit being heavily related to the Q word? + +I think we should ban the mention of that word, and anything political. Keep this subreddit for stonks only. + +Just my own retarded crayon sniffing opinion. +The hands just sold for 4eth, like wtf lol. This is wild. The senses collection is going absolutely insane and one just sold for 4eth. The foustlings collection looks like it could catch up in the near future and go for similar amounts. + +This is some serious return on investment and I’m wondering if we’ll see six figure sales on these avatars in the future. Absolutely insane to think that before these this sub hated digital assets with a passion. Reddit out here changing hearts and minds with those digital doodles. + +The floor has really shot up this week with classic foustlings selling for 400 bucks. Is this a supply and demand thing as there aren’t a lot for sale on opensea and prices are inflated? + +https://postimg.cc/DJbxcMVF +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. +So I know that if you sell far enough out of the money, you are almost guaranteed profit. Probability is extremely in your favor. But payout is low. + +But the reverse is also true. Lowest profit probability could have the highest payouts. + +Going with either of those will likely lead to losses or very marginal gains. + +But how do I calculate the perfect middle ground? Because when losses are taken into account, there is going to be a range for which you will end up with the most realized gains. I know it's a predictive model and it's not perfect, but going off probabilities and the math behind it. There is a sweet spot. + +How do I figure out what ranges will give me the best expected performance? Is there a specific delta I should be aiming for, or is there a more complex formula to try to calculate the odds I'm looking for? +As anyone here (either younger or just more risky) applied aggressive theta gang strategies with consistent results? I started doing theta gang around October doing 1-2dte ITM debit spreads going for about 30% on spy. I did this 3 times a week due to spys unique expirations (30% compounded 3X a week which is 100%). I’ve had really good success with it combining it with TA to get the short term directionality however this made me have to look at the markets all day and really took up a lot of my time and caused stress. + +I recently just started out my winter semester in uni and am taking 6 classes. I’m studying engineering which comes with enough stress as it is and I really don’t have time to constantly be looking at the markets all day. I started thinking of ways I could still be agressive but with less stress and required time and I had the idea of doing double ITM debit spreads. An ITM call debit and an ITM put debit. I started looking into this and realized that people did this with credit spreads (iron condors) and I thought wow you’re pretty much doubling your profits without increasing your risk. That’s when I thought of instead of doubling my profits I could just go deeper than I normally would increasing my probability of success without reducing my gains or increasing my risk. + +This is when I started looking into options probabilities, option deltas and how the IV affects the options. IV seems to be what everything is centred on. From what I understand in the options price models (black-sholes for example) all the other derivatives are computed from IV and so the probabilities are based on the IV. + +What I started doing was I moved from ITM 2dte debit spreads to selling otm 7dte iron condors on spy. I chose to do the Wednesday expiration just because it’s my least busy day of the week and I can really take my time to pick my contracts and constantly remind myself not to be greedy. I go for about 30% a week which on my 2$ width iron condors is about .4-.5 in premium. I always try and buy my contracts at a .2-.15 delta. Usually this delta will drop to .1 by Monday after the weekend decay and then I’m chilling. The thing with iron condors is you can treat them like 2 different credit spreads because they are! So often I’ll enter the put credit spread just because of how outs are priced and so I can go low enough where a dip like last week (from 385 to 370) won’t really affect me but because the call options are so cheap in comparison I try and only enter them when spy is green. So I sell the spreads on an up day. And this seems to be working very well. + +The way I manage my risk is all manually however you could do it automatically. I personally haven’t had to yet. Just in my 3rd week of running the strategy but at least on TOS you’re able to set up sell conditions based on the option contract so you could say “when the delta on my short leg on the put spread goes up to .3 -> cut losses” or you could say if it goes to .3 then roll the put spread down and out or you could roll the put spread down and roll the call spread down. That way the extra premium from the call spread will balance the debit you pay on the put spread from rolling. You could also create an imbalanced iron condor where if the underlying gets too close to your put side you could roll them down while also adding more credit spreads to the call side. This will keep the net premium the same but you’ll also be risking more money. My personal favorite would be to treat the credit spreads like cc where if the underlying gets too close you just roll them up and out to next week or next month hopefully for a little credit. + +Also I’d also like to say I think this might be an even higher probability of success to running 60 dte iron condors just because the IV on the options reflects the short term a lot more accurately. What I mean to say is that the VIX for that week will more accurate represent the volitility and therefore the expected move for the week rather than if you did a month or 2 months. If the VIX is at 20 right now a lot can happen in 2 months and it could go to 30 or 40 in like 3 weeks and then you might be in trouble. I just personally think the the VIX should be used for more short term trades if you’re factoring it in. + +I’ve been running this strategy for a few weeks and I’ve had really good success. Tbh the only times I’ve had losses were when I got greedy. For example if my call spreads have maybe 2 cents left on them instead of just buying them back I’ll roll them down for more credit and then a small change in the underlying will cause a big change in the delta (damn gamma!) and then I’ll be caught panicking or my spread will be close to getting ITM and I’ll sell for a small loss and rolling will have turned out to not be worth it at all! This really has been working and although the returns are smaller than before I literally have no stress and most of the time just go on about my day without even looking at the markets. If anything gets to risky I have alerts set up so my phone will let me know but because the credit spreads are high probability that hasn’t happened yet! +Do y’all think we’ll have another leg down in the bear market? I had 20 put contracts of TSLA I re-bought on Friday (very OTM), so I’m mostly out of the market. Don’t know what to do now lmao. + +Here’s my bear case: +- Recession. Most bear markets do not end without a recession. +- Multiple compression. A recession will cause earnings expectations, which are still very high, to come down. But at the same time we are expecting the Fed Funds rate to reach at least 5% at some point in the near future, so this could cause multiples to compress further and stocks to come down even if there are no change in the fundamentals of the company. +- Fed policy operates with a lag. The Fed has been removing $100+ billion of liquidity every month since September, so this may not start affecting the market for at least a couple of months. Just remember that most of the bull market after 2020 was a result of the massive amount of liquidity pumped into the market, and now the Fed is doing the opposite. Also if we do go into an economic downturn, it will be made worse by this “lag” of highly restrictive monetary policy for the preceding several months. +- Capitulation has not yet occurred. Retail has been net buyers of stocks for most months so far with no significant selling. Most of the selling has been done by the institutions. +- Inflation is still too high and may be “sticky” according to some economists. That means that after inflation comes down, it could remain at 3-4% for a long time—too high to accept but too low to justify a recession. This could lead to a higher long term Fed funds rate. +- Russian War prolonging and possibly escalating. + + +Bull case +- Russian War comes to an end. +- Oil price is already back to pre-Russian War levels. +- Inflation coming down. +- Economic activity is still strong. + + +Also from a technical perspective, the next few weeks are very critical. SPX and NDQ are both going to challenge their upper trendline that has contained the bull rallies so far this year. A rejection may signal the next leg of the downtrend. But a break above this Trendline could easily lead to an acceleration in the rally. That being said, I’m expect a lot of volatility so I’m going to be a lot more cautious with my trades. Let me know what y’all think and how y’all are planning to trade. +I watch overall market direction closely including overnight futures, vix etc. I felt I knew some bearish momentum was building but thought it would be short lived and the bulls would eventually takeover. As I’ve seen many times once the overall market has strength it will carry your position along with it if you’re on the right side of course. Early on I got short LMND ahead the fed chair comments and bailed out to early because the option volume was thin and I felt I was over leveraged in a credit spread I wasn’t that confident about. That decision was the start of the royal rumble I was in for the rest of the week. I got long Uber , long DKNG short AAPL long GILD and the wreckage began. luckily as the market was selling off on Thursday I decided to get Long AMZN. GILD ,UBER and AMZN can through for me in the 25th hour right before the closing bell today. I still ended the week with some bumps and bruises but I again I live to fight another day. I just wanted to vent a little and share my wild experience from this weeks market madness. +So I know that if you sell far enough out of the money, you are almost guaranteed profit. Probability is extremely in your favor. But payout is low. + +But the reverse is also true. Lowest profit probability could have the highest payouts. + +Going with either of those will likely lead to losses or very marginal gains. + +But how do I calculate the perfect middle ground? Because when losses are taken into account, there is going to be a range for which you will end up with the most realized gains. I know it's a predictive model and it's not perfect, but going off probabilities and the math behind it. There is a sweet spot. + +How do I figure out what ranges will give me the best expected performance? Is there a specific delta I should be aiming for, or is there a more complex formula to try to calculate the odds I'm looking for? +New to this so I have a question regarding IV. Since it is so low right now, are you all still selling options? It does not seem to be making a lot of sense to me to do that right now. + +Take QQQ Jul16 30 delta iron condor for example: + ++357C +-354C ++307P +-310P + +This can be opened for a credit of .67 while risking 3. Only receiving 22% of width of strikes does not appear to be profitable considering this is a roughly 30 delta trade and 30%*3 (risk) > 70%*.67 (reward) + + +Apologies if this question is a waste of time. Like I said, I am new to this and trying to figure out how to be long term profitable using these strategies. If you have any suggestions, please let me know. + +TIA +I guess the obvious downside is the stock crashes and I get margin called, but it’s working well so far. Looking at profitable companies with low volatility and dividend. Looking at energy stocks. +I have a CSP thought I sold last Monday for $37 premium and the put expires this coming Friday. + +The same contract yesterday was only $7 to buy. + +I'm thinking I'm ok with buying my contract back Tuesday as I'd rather have my cash back instead of waiting for an additional $7. + +This is where I get confused. I read about people "rolling" their CSPs or CCs and it doesn't make sense to me. + +Help me out, thanks. +With the market rebounding I’ve seen a few posts asking how to defend CCs so I thought to make a short guide for others and for myself (in case I panic and forget what to do). Feel free to comment if you have any suggestions and I’ll incorporate/edit it in the post. + +Scenario: you think the stock will continue going up + +Best strategies (let your position be assigned for all of them): +- Buy more shares and sell more CCs +- Sell an ATM put and earn extra premium (weekly if you want to get assigned faster) +- Buy LEAPs + +Not good but possible strategy: +- Roll out your CCs to a further expiration (not the best option as highlighted by commenters) + +Scenario: you think the stock will correct before expiration/uncertain because expiration could be 2 weeks or more + +- Do nothing (safest play) +- Sell OTM put if you want to buy more +Recently switched over to thetagang and started selling csp on PLTR. I've been stressing the past hour or so over the decline the past two days wrestling myself whether to roll further out or not. Then I checked my cost basis and realised that I am still well below the current price. With 11 days out I see the following options right now: + +1. Wait till one or two days before expiration, roll further out if possible even with a lower strike +2. Roll out today +3. Get assigned + +So many options open to me as opposed to just buying calls and I am still up despite the sell off. I am still bullish on PLTR long-/midterm and cost basis is roughly at 22. Any suggestions on what is the best course to take? I am expecting a further dip around the lock up period but have no idea what will happen before that. + +This probably comes down to personal preference what would you guys do? Anything I am missing here? +Found out about this group from this post: + +[https://www.reddit.com/r/thetagang/comments/k6q7ck/these\_are\_the\_guys\_you\_steal\_premium\_from/](https://www.reddit.com/r/thetagang/comments/k6q7ck/these_are_the_guys_you_steal_premium_from/) + +I have been reading with a mixture of horror and schadenfreude since finding out about the group. + +The view into some of these "traders" thought processes continues to scare me. Morally, I want to reach out and save them from themselves. This one comment recommending selling puts made me cringe, recommending this to someone who can't even understand how to buy an option and has level 3 trading is insane. It is like the ID of WSB and Thetagang had a love child and this group was born. + +https://preview.redd.it/c2gangl4qs461.png?width=921&format=png&auto=webp&s=502ee83c548addd02e5fa36a7c885f048ac67aa7 + +&#x200B; + +&#x200B; +Hello all, + +I know this isn’t GME based but my gf broke up with me today out of nowhere. I’m very sad and feel the need to reach out to my fellow apes for support. The past few months this community has gotten me through everything else. This healing process won’t happen over night but I’m glad you all have my back + +Much love +-Spade + +EDIT - I truly appreciate you all reaching out and showing so much love. This community continues to blows my mind every day ♥️ + +EDIT 2 - Thank you all so much ♥️I’m going to try and get sleep (probably won’t succeed). I’ll try my best to reply in the morning to everyone. 🚀🌙 +# dump amzn immediately! + +There Q4 net incomes are total BS!!! + +"Fourth quarter 2021 net income includes a pre-tax valuation gain of +$11.8 billion included in non-operating income from our common stock investment in Rivian Automotive, Inc., which +completed an initial public offering in November." + +They include a **valuation gain** of their investment in rivian from fcking december: rivian was at around 100$ in december and since then fell to barely 60$. + +Thats a 40% loss since december: **4.72 fcking billion of net income is BS** + +I will sell all my calls + stocks at market open and I advise you to do the same. +Im interested to know how buying stocks in a company benefits the company directly, since the money goes to the person/broker you've bought the stock from, not the company itself (obviously excluding the primary market)? + +And so, how much does divesting from companies you disagree with, such as oil and gas industries, actually negatively impact the company? + +My apologies if this is a simple concept; I have been trying to Google it but have struggled to find a straight-forward answer! +Hi all, I have shares in a company called MindMed, researching Psychedelic medicine and therapies, however Euroclear, Hargreaves Landsdowns custodian no longer wants involvement with 'cannabis related stocks' + +They have given me 3 options + +Sell now (big loss) + +They sell automatically by January 2023 + +I transfer stock to another broker + +The problem is, are there any UK brokers that don't use Euroclear? + +I'm afraid that I'll have no option but to sell at a loss +We have billionaires claiming it will. We see articles come out which list BTC, ETH, and DOGE as the titular characters, as if these formed the holy trinity of the Crypto space. Despite the fact ADA has overtaken DOGE in market cap. I've never put more than a couple hundred USD in DOGE so I'm not personally invested, and the bag I had I traded off for ETH several months ago. That doesn't mean I don't keep an eye on it. I'm a studious and scholarly fellow. Morbid curiosity, you see. + +Now, I've been watching it hover below 30 cents a pooch for weeks now. Interest is fading. The entire market is on a rampage, as previous ATHs cower in fear like a matador on hiring day. And yet DOGE loiters--hesitant, reticent. An *inflationary* asset with waning interest and zero real-world uses is destined one day to fail, my moon friends. Maybe not today, or tomorrow, but some day soon. And I can say this with enough confidence so as not to require any DISCLAIMERS regarding whether this is financial advice. It is time to sell, friends. Swap these poor pooches for an asset with real world utility, solving real problems, propelling us into the future of finance. Or at least change to a store of value. Just not a *joke*. Not a song that will soon sing to the tune of a trillion in circulation, with 5 billion more being Xerox'd every year. This isn't monopoly money. This isn't USD. This is Crypto. Get it together. + +Signed, + +Your Loving TA Expert +A DAY IN THE LIFE OF A BUTTCOINER: + +At 1pm you wake up and quickly light up a cigarette. Breakfast is the most important meal of the day afterall. + +While you smoke and watch a video of Joe Rogan fighting a polar bear and Alex Jones in a bikini, you decide to go to buttcoin subreddit. + +It's 3pm. To your amusement you find out BTC crashed 10% and all the crypto people are yelling "10k EOY" and "fuck the metaverse". + +You feel empowered and quickly right a 100-word essay on why crypto is bad and bitcoin is not worth anything. + +It's 11pm and you are finally done writing your 100 word post. It cost you your last brain cell but it was worth it. Your buttcoiner friends will surely enjoy the effort. + +You post the essay. You get a couple "so true bro" and even a DM from "RealJoeRogan" account. + +You go to bed dreaming about tomorrow's cigarette and new crypto hack. + + + + + + +A DAY IN THE LIFE OF A CC SUBREDDITOR: + +You wake up at 4:20pm. You jerk off to your fav youtuber shilling your fav altcoin. + +It's 4:21pm. You are done jerking off and decide to check BTC charts. There's blood in the streets. + +You decide to still DCA. You go to CC and write a 100-word essay on why DCA is the best strategy. + +It's 4:30pm. You are done with your essay and post it. You wrote it so quickly half the shit makes no sense. But people on CC won't read more than 50 words anyway. + +You spend the rest of the day chart watching and finally go to bed. + +Next morning you find out your post made it to the frontpage. You just farmed 5000 karma. At a 0.8 moon ratio that's 4000 moons. At today's price that's almost $1000. + +*cries in buttcoiner* +As per title, what you guys think to my picks for a long term buy, hold and DCA each month into? Please be brutal too, I’m wanting to see other perspectives. Please don’t give me crap about how BTI and BP are both dying industries either 😴 + +Stocks are: + +* BTI +* O +* PG +* PEP +* BP +* VOD +* LGEN +* INTC + +If there’s any you’d replace for another, please say and why you’d do it. I’m not 100% sure on VOD as it’s been going down, though I suspect it could come back, it’s a subscription type business model since they provide mobile phone contracts, which to me is safe. Plus I was using them myself for 4 years and they were an alright provider. What I don’t like is the way they present their earnings, it looks sus 🤔 + +I was considering F stock too, and it looks attractive again now it’s down big again but the divvy is gone, plus I already was in it during its recent run to $16, made a nice profit from that 😁 + +My goal is to have a good verity of less than 10 stocks with decent financial numbers (as decent as they can be today in this debt ruled world) that eventually, in time will net me a decent annual return. I’m looking for an average of £500 per month in dividends if you divide the total annual amount monthly, so I know I got a long way to go, but I think these can fulfil this goal if I dca into them each month and buy any big dips and don't sell. + +Thanks! +My portfolio is mostly etfs but i wanted to throw a couple high yields just to make the dividend each quarter a little higher. What are some dividend aristocrats+ that are safe to invest in. Cause i know high yield can be risky +Don't know if this has been posted before, but if you're cold when you go to bed you might want to read this. + +Most people don't know how to prepare their bed for winter. If it gets cold enough to see your breath indoors and you shudder at the thought of getting I to your cold bed then you might want to take an extra blanket and cover the mattress before putting a sheet over it. I recommend wool blankets. If you have fleece bedding then by all means use that, otherwise cotton will work just fine. + +The rest is easy because everything you put on just stops the heat from escaping, but with a wool blanket under your body you will not get onto a really cold mattress. + +This has helped me in some tough winters. This and a hot waterbottle. Damn those things are amazing. +**TLDR; China’s biggest real estate developer and firm Evergrande has $350B of liabilities and debt and is about to cross default and possibly blow up. This would slash China’s GDP, housing market, and various sectors across the country, making for a big economic depression. Even if it doesn’t, there will be panic. I intend to become rich off this play with puts on $BEKE (big market cap and low IV real estate stock), puts on $NOAH (wealth management), and calls on $YANG (3x leveraged 🌈🐻 ETF).** + +### UPDATE: HAN SENG getting FUK + +Hello hello, it’s your boi Ropirito again, and today I want to discuss China, Evergrande, and the imploding doom coming along with it. I intend to ride this wave and profit off the fall of China. I know lots of you are horny for the CCP so I hope this post DOES offend you. The Evergrande situation is serious and has far implications on the US, Europe and Canada too. + +As you may know, China is getting fucked up the butt due to one massive real estate developer called **China Evergrande Group. They are at a massive risk of cross-default, meaning the effects will spill over into several other sectors and countries.** In my eyes, they will always be Evergae simply due to the sheer scale of fuckups made over the past 4 years. I’ll go through who they are, what they’ve done, and **how we all can profit off the destruction of the Chinese real estate market in the coming months**. + +**I will never buy puts on America, but I will gladly short China. Let’s get started.** + +# Whomst is Evergrande? + +[ \\"I swear, I thought it was $350M in debt NOT $350B!\\" ](https://preview.redd.it/zilwj0lz4rn71.png?width=986&format=png&auto=webp&s=205441f38c9f7e2ed131d8de87f95f45048077ac) + +So in 1996, when China was a small economic power that didn’t have to ban children’s characters (Ex. Winnie the Pooh) out of fear, a man by the name of Hui Ka Yan founded Evergrande Real Estate in Guangzhou (Southern China). Now, this man is probably more retarded than all of us combined because his first move was not to secure some base funds, but instead immediately begin constructions projects on borrowed money. + +In 2009, at the start of the Chinese Housing Boom, Evergrande went public and raised $722M through an IPO on the Hong Kong Stock Exchange. They started with investing in the Guangzhou Evergrande football club (soccer for you ‘Muricans). Over the years, Evergrande became the choice for property development due to a relationship with Xi Jingping and Hui Ka Yan through his football club. As development allowed citizens to rise out of poverty, more and more properties were bought, allowing them to exponentially increase their holdings over the past 10-12 years. + +Evergrande currently owns nearly **1300 projects across 280 cities in China and has its over leveraged tentacles in everything from EVs (Evergrande New Energy Auto), internet infrastructure (HengTen Networks), theme parks, and mineral/food companies.** + +# Why China Is Fuk: + +These guys are known as the **most indebted developer in the world** and have already had many bad incidents in the past. In 2020, a liquidity scare occurred in which Evergrande had to send a formal letter to Guangzhou officials warning them that payments they had due in January 2021 would cause a liquidity crisis and result in mass defaults across the entire financial sector. This liquidity crisis meant that even though they had around $250B of liabilities at the time, there would not be enough cash flow to even pay interest payments on the sheer amount of money loaned out from other institutions and investors. + +There are several more minute details like discounts on housing purchases, and bond returns that have skyrocketed to the same level as 0DTE $SPX calls. Although this DD is meant to be a serious outlook on the Evergrand issue, I would like to credit full metal retard u/SirYoloGod for the following screenshot: + +[ Imagine trying to advertise 10 baggers as the largest real estate failure ever. I bet one of you degenerates owns these... ](https://preview.redd.it/rc6ftu815rn71.png?width=804&format=png&auto=webp&s=2d364984e8eb8260c2033fe48b67957f8b5f619f) + +Here’s the key. **Evergrande has only raised $8B** so far as it sold off its internet and EV divisions as well as regional banks. This is not nearly enough to cover the current **$350 Billion in liabilities**. As a result, Fitch ratings has continuously downgraded their debt and has a **high default probability rating on Evergrande as of September 8th**. + +Outside of Evergrande itself being screwed, China’s housing market shows clear signs of being in a bubble greater than that of the US in 2008. ***The total value of Chinese homes and developers’ inventory hit $52 trillion in 2019, according to Goldman Sachs Group Inc., twice the size of the U.S. residential market and outstripping even the entire U.S. bond market.*** + +This bubble has grown rapidly because over the past decade, and specifically throughout the pandemic, Chinese citizens were encouraged to invest in properties and infrastructure to not only get utility out of their assets but artificially boost local economies while convincing them that it was the safest investment possible. Of course, our main player Evergrande was behind this campaign, going as far as developing entire ghost towns in more remote areas and selling apartment units at rates that would compound 5-10% month over month. + +Again, **outside of Evergrande itself**, most of their properties are owned by Chinese citizens using leveraged and/or borrowed money **with the leverage ratio hitting 57% this quarter and increasing rapidly**. This number has gradually increased from around 15% in 2011 and peaked recently. Not only has Evergrande developed much of China’s housing industry on borrowed money, **but the purchases of said property is all borrowed money too.** If home prices did drop significantly, it would wipe out most citizens’ primary source of wealth and potentially[ trigger unrest as we saw this week](https://www.reddit.com/r/PublicFreakout/comments/po0ks4/chinas_second_largest_property_developer/). + +[ Nothing to see here, just business as usual of course... ](https://preview.redd.it/mx7s7pw35rn71.png?width=331&format=png&auto=webp&s=a24fdfabcfb9c8b0f01c3408f59de1ac0961d141) + +As the Evergae debt crisis became worse, and the deadlines for further bond payments came closer, bond trading was halted after it fell another 23% as **two of the largest creditors for Evergrande demanded immediate repayment of some loans**. Piling on all of the investors (both citizens and institutions) and various other banking creditors, **Evergrande’s failure/inability to repay any of its debts will cause the entire financial sector to face liquidity and repayment issues**. + +My belief is that Xinnie the Pooh’s recent crackdowns on various sectors was a means to take control of the remaining industries that can be stable and navigated by the CCP. **The drastic measures taken on not just the tech industry but commodities and infrastructure can be considered a sign of tightening the belts before a potentially large economic downturn.** + +**Furthermore, 30% of China’s GDP is real estate, while Evergrande itself has caused home sales by value across the country to tank by nearly 20% since August** **and retail sales growth cut by more than half from 7.5% to 2.5%.** + +# What could happen next? + +Currently, the main effect of Evergrande defaulting is less Lehman Brother collapse at first, and more real estate market destroyed. An Evergrande fire sale would destroy housing prices and cause the most leveraged developers to blow up as nearly **30% of China’s GDP would be crippled**. In a Reuters article, one analyst described Lehman brothers as a complete financial system freeze rather than flash crash. With Evergrande defaulting, the entire real estate market will be depressed. Additionally, their liabilities extend towards 128 banks and 121 independent institutions, which would almost guarantee a liquidity crisis within the entire financial sector. Government regulators have been working constantly to deleverage the real estate market, making a bailout for Evergrande even more unlikely. The end result; GDP crush and a large slump in Chinese real estate, with spillover into financial institutions taking large losses. + +# How To Profit 101: + +**Some of these plays will involve puts, essentially shorting China and profiting as their economy slowly dies in the short term and potentially long term. Yes, puts.** + +**$BEKE:** Puts + +KE Holdings is one of the biggest real estate servicers and transactions managers in China. Think of them as a combination of Zillow and big brokerage companies. They also manage the data as a service, essentially being a feeder for the CCP on real estate info. YTD, they appear to be at a massive discount of -69% (nice). But don’t let that scare you… the depths of this melt-down will know no bottom. + +**I believe this is currently the best play because as the Evergrande situation evolves and they most likely default, BEKE’s industry and main source of revenue will get fucked**. A collapse of the housing bubble would end most of $BEKE revenue in the short term and serve as a **short term catalyst** for a much larger crash in $BEKE’s stock price. BEKE will be an obvious target for the market to sell off. + +An added benefit to this play is that BEKE has pretty low IV and flies under the radar, so puts are cheap at the moment and can profit from an increase in uncertainty bumping up the IV. + +Finally, earlier in August a whale that bought 130,000 (\~$4M) worth of $10 puts for September 17th (2DTE). They might have been on to something. This is extremely degenerate and I highly suggest not following whoever this is. However, it might highlight the sentiment towards $BEKE. + +**$YANG**: Calls + +I have seen this ticker thrown around several times in the past few weeks here, and I have personally mentioned it on a separate DD posted earlier today. **$YANG is the China 3x Leveraged Bear ETF.** This play is for direct exposure to the overall market in China tanking and gives that sweet, sweet leverage I know you all love. During large economic downturns in China, this ETF tends to spike massively (100’s of percents). Yeah, that’s all I have to say for this one since it just exists to bet on China going fuk. + +**There is also high OI on the 65C for January 2022, indicating there are other larger players thinking similarly. This one I have calls on since it is an inverse ETF.** + +**$NOAH** \- Puts. + +This is my most speculative play of the three tickers mentioned here. $NOAH Holdings is a wealth management and investment advisory service company for high net worth individuals in China. **They have 2 main divisions:** Asset Management, and Lending. Let’s explore how both divisions might get fucked. + +**Asset management:** Their asset management division may be on alert by now as market panic has started to set in. In the case their AUM is also wrecked in the process, that will permanently cut off a large portion of revenue. It’s also worth noting that when a massive credit crisis occurs, there are just less rich people to make money from. + +**Lending:** Nearly $9.1 Trillion is thought to be managed by unregulated creditors, and it is unknown whether or not they are tied to the $300B in Evergrande liabilities. Similarly, $NOAH has faced similar issues in the past and **because they operate like a bank but actually are not one, they will not receive the same support that a bank would. Essentially, they have no one to bail them out in an emergency.** + +[ In case you aren't fully literate ](https://preview.redd.it/lspm6dp65rn71.png?width=516&format=png&auto=webp&s=3395847e700689457562ea0953ca4347ae876577) + +# The Counter Case: + +The main bull thesis / counter argument is a “Bailout from Beijing”. However, in 2019, Xi ordered provincial (state) governments, specifically in Guangdong, to create plans to manage debt problems with large firms, including potential buyers of the firm’s assets. This past month, regulators have signed an agreement to allow Evergrande to re-negotiate future payment deadlines with creditors. The keyword here however is **future**. + +Now, **why wouldn’t Xinnie the Pooh** want to save Evergrande if it defaulting would pose serious economic threats? There’s a few reasons. + +1. Bailing them out would encourage other retards in the sector to follow the same path of reckless borrowing (this has happened twice before on a smaller scale). However, it may prevent damage to millions of Chinese homeowners that would stir discontent and weaken the CCP. +2. The problem is simply too huge. In the name of development and GDP, Xi gave Evergrande a free pass and $300B worth of Yuan would need to be printed to cover them. Not only would this devalue the Yuan but it makes up **2.1%** of China’s GDP. This is simply a case where the concept of “too big to fail” may not actually be valid. +3. Even if a bailout did occur, that’s not a good look. Consumer confidence would decrease rapidly and other firms would continue to push new market bubbles under the assumption that a bailout will always be available. Volatility in prices would increase rapidly as there would be confusion between how the PRC prices property versus individual developers. This would reflect uncertainty in the general stock market as well as a bailout indicating weakness in stocks and the overall economy’s stability. + +On top of all this, PRC may impose the prices of houses across the entire country while local property transactions have drastically reduced as official prices are being placed on them rather than “market value”. They are also trying to steer away from incentivizing speculation as new restrictions on purchases with credit are being introduced daily. + +&#x200B; + +[ Yes this is a ghost town. No, it is not haunted. All you will find is Xi's cameras. ](https://preview.redd.it/n1tkyyo85rn71.png?width=781&format=png&auto=webp&s=8516e723d15801d761f009be9ea912e0979aa3c5) + +# Positions: + +I am currently in with: + +**$YANG Jan 2022 65C** + +**$BEKE Jan 2022 12.50P** + +**$BEKE Oct 2021 12.50P** + +**$NOAH Dec 2021 30P** + +**These plays will make Evergrande and China dying a profitable play. This is not financial advice.** + +**TLDR; China’s biggest real estate developer and firm Evergrande has $350B of liabilities and debt and is about to cross default and possibly blow up. This would slash China’s GDP, housing market, and various sectors across the country, making for a big economic depression. Even if it doesn’t, there will be panic. I intend to become rich off this play with puts on $BEKE (big market cap and low IV real estate stock), puts on $NOAH (wealth management), and calls on $YANG (3x leveraged 🌈🐻 ETF).** +We all have read about the 4% SWR for a 30 year retirement. But what if you plan to retire for longer than that? Is it inversely proportional to the length of retirement (2% SWR if retired for 60 years or 50X spending for retirement of 60 years)? + +Have any of you FIRE’d in their 30s-40s and used a different metric than the 4%/25X spending? +Something thought provoking to spice up your Wednesday morning. + + +Bloomberg - Nobel Prize Winner Wants You to Stop Treating Bonds Like Stocks http://bloom.bg/2ebEWqF + + +E: I feel like a lot of people are misinterpreting or just not reading the article. The author is highlighting the potentially misguided efforts to make debt markets as transparent as equity markets. + +>Holmstrom's paper serves as a reminder of the perilous consequences of actually treating them the same. Specifically, he cautions against imposing the transparency requirements on debt markets that are more commonly expected of equities. + +>"I will argue that 'no questions asked' is the hallmark of money market liquidity; that this is the way money markets are supposed to look when they are functioning well," he writes. Attempts to reform credit markets based on insights gleaned from equity markets "can be very misleading" the economist says — and worse, they can stoke the crises that they're trying to prevent. + +And from the abstract of the paper: + +>Money markets are fundamentally different from stock markets. Stock markets are +about price discovery for the purpose of allocating risk efficiently. Money markets +are about obviating the need for price discovery using over-collateralised debt to +reduce the cost of lending. Yet, attempts to reform credit markets in the wake of the +recent financial crisis often draw on insights grounded in our understanding of +stock markets. This can be very misleading. The paper presents a perspective on the +logic of credit markets and the structure of debt contracts that highlights the +information insensitivity of debt. + +http://www.bis.org/publ/work479.pdf +I was negative for covid but I had a severe case that was assumed covid (March). Since the , Ive has repeated pneumonia infections. I’ve been on 6 different courses of antibiotics since March. Doing ok now, but my lungs are likely permanently damaged as my cat scan shows scarring and glass like opacities...the future is uncertain with my up and down health, I’m a single parent and I’m scared. If I can get away without paying mortgage for a year or 180 days, I’d love to save save and save in the event my health takes another major turn for the worse. Thanks . + +As of now, I’m still having to “check in” with PennyMac every month to let them know I’m still on forbearance. I believe this may be a tactic they’re using in hopes the people that need forbearance may “forget”... but the. Again, maybe I’m wrong... anyhow, just wondering if anyone here has been successful with locking in a 180 forbearance without this “check in with us every month” deal and if so, what was the process? I have PennyMac btw +I am currently a student in a 5 year advanced program for my bachelors and masters. The way it works is the first year I pay for each credit I take (366 dollars per credit so, 1098 for the usual class.) After the first year though I now pay 1000 dollars a month for four years, so at total I am paying against 48 thousand dollars throughout. + +Now the dilemma: I am going to graduate in 2 years and a semester, which is really early. Meaning, I am going to owe 19 thousand dollars. I have tried to talk to the school about possibly continuing to pay the 1k per month and still receiving my degree, but for obvious reasons they are not interested. I feel like I have two options: either ask someone in my life for a personal favor and try to do a loan through them, or go to an agency. + +Except, I know nothing about loans. My parents drilled into me that loans will ruin your life so I have never considered it. But realistically, the way my program works is in a loan style repayment. So... I need help. I could just stay in school for two years but that feels like a huge waste of time. I would appreciate any advice so that I avoid making a bad decision. + +Sorry for any mistakes, personal finance is not my first language. + +EDIT: When you graduate you owe the full amount. + +EDIT 2: Just for the sake of the conversation, my school is accredited and is one of the biggest seminaries available run by one of the biggest Christian denominations. Sorry for not being clear about this aspect. +I've been due a raise at the job I work at for quite a long time. Recently (with the help of you guys) I've discovered I've been significantly underpaid, so I asked for raise that is significantly higher, and would put me up in the range that I feel better about (going from 55k to 77k). After a lot of back and forth, it's looking like they're agreeing to the raise, but at the cost of letting go of one of my coworkers, and giving me those responsibilities too. + +It seems like that puts me in an awkward situation. I don't want to see anybody get let go, but I also need a raise in order to justify staying there. And the amount that they're raising my rate is probably less than half of what they're currently paying my coworker. + +What do you guys think I should come back with? Thanks! +I'm pretty sure this is a bad idea. + +This is in Florida and I'm pretty sure he can't lose his house over his unsecured CC debt unless he does something dumb like take out a home equity loan to pay off the CC debt. **Which he already did.** Or sell the house to pay off the CC debt and move to a rental, which he is planning to do now. + +* Late 50s + +* Earns 40k/yr + * Above poverty line, is currently receiving no government assistance + +* 50k in CC debt, struggling to make minimum payments + * Probably has another 50k in other, lower interest debt + * Call it 100k debt total + +* Only asset is his house, valued 300k, 120k equity + * Drained his retirement account to purchase (lost like 50% to penalties and taxes) + * Needs major plumbing work, 10k+, cannot afford + * Bad credit, unlikely to obtain another mortgage + +* Unemployable outside of his current job. + * Cannot move to LCOL + * Cannot increase salary + +The rental he's looking at moving into, after selling his house to pay off his credit card debt, costs more than his current mortgage (plus solar panel) payment. This seems like a quick ticket to retirement as homeless on the streets. + +Am I wrong here, or should he do everything possible to stay in this house? + +What can I do to help him keep his house? +Very short version of the story: my mother made a lot of mistakes raising me and owes me some money. As part of her healing process she believes that she needs to repay that debt and a little bit more for suffering. She does transactions only in cash and is deeply distrustful of both online environments as well as banks. I've been doing a little bit of research but I'd like some advice on what the best way to get the money to me is. + + She absolutely will not budge on the use of a bank, And even if she would prior mistakes would prevent it. This money is completely legal obviously, but I don't want to Physically handle that amount for very long. she is willing to pay reasonable fees to avoid having to go through the bank. + + on my end the best course of action would of course be to put that into my own bank account basically immediately. in looking I saw that my real only option seems to be money order mailed to my address or wire transfer via Western Union. It's there any other secure method I'm not thinking of? +TLDR: NFT Marketplace Tit-Jacking Confirmation + +&#x200B; + +I am absolutely retarded. I had a whole post with directions, but hit CMD+H and lost my entire post. I've already spent too much time away from work, but here's a rundown of what I found: + +Went to Gamestops 1337420 address on their NFT site. Go to contract: [https://etherscan.io/address/0x13374200c29C757FDCc72F15Da98fb94f286d71e#readContract](https://etherscan.io/address/0x13374200c29C757FDCc72F15Da98fb94f286d71e#readContract) + +Expand field owner, and click on it. On that page, next to the + +Contract 0x10B16eEDe03cF73CbF44e4BFFFa3e6BFf36F1Fad heading, there is a logo with a b. click on it, and click into this owner on the Rinkeby Testnet blockchain. + +Click on ERC721 transactions tab: [https://rinkeby.etherscan.io/address/0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad#tokentxnsErc721](https://rinkeby.etherscan.io/address/0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad#tokentxnsErc721) + +Click on the from address (0x000...) + +They have been transacting non stop since about 11AM EST... I had a list of diff tokens, some I can remember where apemfer, UFO, NFT Collectible, rugPullmfer(something like that)... so many txns its hard to keep up with. + +Page of this addresses erc721 transactions: [https://rinkeby.etherscan.io/address/0x0000000000000000000000000000000000000000#tokentxnsErc721](https://rinkeby.etherscan.io/address/0x0000000000000000000000000000000000000000#tokentxnsErc721) + +**THE GOOD PART:** + +I clicked into a NFT Collectible transaction, namely this one: [https://rinkeby.etherscan.io/token/0x355638a4eccb777794257f22f50c289d4189f245?a=0x0000000000000000000000000000000000000000#readContract](https://rinkeby.etherscan.io/token/0x355638a4eccb777794257f22f50c289d4189f245?a=0x0000000000000000000000000000000000000000#readContract) + +Expand the field named baseTokenUri. Gives you the following value: + +ipfs://QmZbWNKJPAjxXuNFSEaksCJVd1M6DaKQViJBYPK2BdpDEP/ *string* + +Append this to Gamestops ipfs server (found in loopring source code), giving you: + +[https://ipfs.nft.gamestop.com/ipfs/QmZbWNKJPAjxXuNFSEaksCJVd1M6DaKQViJBYPK2BdpDEP](https://ipfs.nft.gamestop.com/ipfs/QmZbWNKJPAjxXuNFSEaksCJVd1M6DaKQViJBYPK2BdpDEP) + +THIS GIVES A DIRECTORY LISTING OF WHAT I THINK ARE NFT COLLECTIBLES!! + +Clicking into one (using 1 for an example) brings you here: [https://ipfs.nft.gamestop.com/ipfs/QmZbWNKJPAjxXuNFSEaksCJVd1M6DaKQViJBYPK2BdpDEP/1](https://ipfs.nft.gamestop.com/ipfs/QmZbWNKJPAjxXuNFSEaksCJVd1M6DaKQViJBYPK2BdpDEP/1) + +giving a JSON response with an Image field, which if also appended to IPFS url... + +[https://ipfs.nft.gamestop.com/ipfs/QmUygfragP8UmCa7aq19AHLttxiLw1ELnqcsQQpM5crgTF/01.png](https://ipfs.nft.gamestop.com/ipfs/QmUygfragP8UmCa7aq19AHLttxiLw1ELnqcsQQpM5crgTF/01.png) + +A SCRAPPY SQUIRREL NFT!! + +NFT MARKETPLACE ON DA WEIIII! + +(also notice all those transactions on the 0x000000... wallet, have tiny tiny ~~wee wees~~ gas fees) + +&#x200B; + +EDIT: I didn't look into Scrappy Squirrels until after writing this post. However, at the bottom of their site [https://www.scrappysquirrels.co](https://www.scrappysquirrels.co) , they have a link to their sandbox environment called Rinkeby, which then has a link to etherscan. Are they onboarding to Gamestops marketplace?? + +Edit: totally debunked. I thought the link from the contract owner to all these transactions was significant. However, the “on boarding” to GameStop’s marketplace is completely wrong. Others have pointed out and educated me on ipfs, and basically GameStop’s ipfs server redirects to the global one, so any NFT can be found. The links I posted to the example scrappy squirrel NFT seemed to have NO relation to GameStop’s marketplace. +As in the title, my mom is not in a great financial position. She was talked out of finishing her degree by my dad when they first got married. He was in the military and she was going to stay home to take care of my older sister and myself. They were only married for a few years before getting divorce at a young age (26 I think). She has worked for several places doing everything from apartment management, shipping dispatching, shipping department of a furniture manufacturer, and now clerical work for the front office of a school in north Florida. She only makes about $11 an hour and essentially lives paycheck to paycheck (she's happy if she has $20 left over after paying bills). My little brothers still live with her (1 is 17 and will be leaving for college hopefully next year, although he has suicidal thoughts, and my youngest brother who is in 8th grade now). She is working for a school district about an hour away from home and works part time at a second job managing a local ice cream parlor. Since my brother is been having issues with depression and severe acne recently, she has asked to cut back her hours to be home more often. + +She has been in a downward spiral since her divorce and can't seem to catch a break because she always puts her kids needs before her own. She's a saint in that manner of thinking, but she can barely. Take care of herself. My 17 year old brother's child support (~400 a month) will leave with him next year and she's worried about being able to pay the basic bills. They don't eat out hardly ever and are very good about living off of very little, but it gets really fucking expensive to be poor (late fees, bad credit, higher interest, etc.). I want to help as much as possible, but I'm the only person in my family that seems to be living a somewhat normal life. I graduated from Texas A&M in 2015 and now work for a small company doing network & systems admin work. I'm only in my second year (I'm 24), so I'm still learning a lot and I'm not paid a ton (~35k a year before taxes). I'm married, but our combined income is only about $55k. + +I want to help as much as I can, but also realize that I'll be of no help if I go broke myself (plus I want to provide a good life for my lovely wife). We recently bought a cheaper house and paying about 250 less per month than what we were paying for rent. I've thought about asking her to come live with us rent free so that she can focus on finishing her degree (she's about 2 years shy being a full time student). I don't want to put any unnecessary strain on my wife or make her uncomfortable is why I haven't. My mom would like to teach or be a nurse, but she's getting older and we aren't sure how beneficial it would be to just get a bachelors degree at age 55. + +Since I was in high school she has "joking" said that me becoming successful was the only hope she had of not being homeless eventually. I don't like the pressure, but I'm also the type of person who tends to put others needs before my own. I'm starting to feel this is a very real reality and I'm not sure I can do enough to be able to provide for everyone. + +Any advice for steps we can take to make my mom more financially independent in the next few years would be greatly appreciated. + +Edit: THANK YOU for all of your advice, suggestions, and recommend resources. I really do appreciate the replies of everyone. I received a ton of good information and have a lot to go home and look over. TIL /personalfinance if full of some pretty wonderful people. Thanks again! +Call your broker to make sure that they are not loaning your shares, and that you are not on margin, and also REMOVE any stop losses. + +A lot of brokers auto-loan your shares, especially if you are buying on margin/using a margin account. + +(Robbinghoods is margin even when it says it isn't Fuck, RH). + +\*if you haven't yet... transfer out of RH\* + +&#x200B; + +Oh yeah, and Buy & HODL. + +&#x200B; + +This may seem like financial advice, but trust me when I tell you it isn't. I once snorted a gobstoppper up my nose and now I see SMURPLE. +Hi, + +Not in FatFire territory, might be in a decade but I'm not one to count chickens before they hatch. However, I thought Fatfire might have some members that have gone through this specific decisionmaking process. + +I own a primary residence that I never intend to sell, will keep even if I spend as little as a week a year in it in the future. + +There's a lot of areas my SO and I like visiting on the East Coast and Gulf Of Mexico. We've considered a vacation home but think it would be a money pit that we regret the second we make our first payment on it. I'm happy renting when we want for the rest of our life. + +However, is it possible to "hack" these locations by buying a sailboat that has liveaboard capability? I imagine hanging out near hot spots along the coasts and docking and driving to entertainment and dining. + +In my head, I could either buy a $300k-$450k cottage in a city on the coast, and all the expenses that go along with it. Or I could buy a 30-40 foot liveaboard for around $120k-$240k and use the difference for boat repairs, marinas, etc. + +Anyone done this? Any regrets? Any major pro's or con's to think of? + +For the record I don't think we'd ever rent out our second home, so that's a pro for buying property that we wouldn't have over owning a boat in our case. + +And until retirement it would be a strict weekender vehicle. My and my SO's career are rewarding but demanding. In retirement I would imagine upgrading the boat to a larger one to use as a permanent condo cruiser. Also looking for insight for this. + +Looking for anyone's experience. +Hello, another SWE at FAANG here. Over the last few years, I have been able to invest very large amounts every year thanks to my fairly large TC (being single, insurance + food + commute covered work, roommates and not having any expensive hobbies resulted a high savings rate). This week,I have exceeded total $3M in invested stocks. The issue is that it's all in 4-5 tech stocks (Tesla, Apple, Amazon and my vested RSUs being the main ones). + +Lately I have been wanting to diversify. But if I sell now, I will have close to seven figure tax bill (fed and state of CA). Especially on Tesla stock I made nearly $850k in last few months alone. It will be subject to short term gains tax which is ~55% effective in CA state. + +This is kinda driving me crazy. This tax bill will be a significant percentage of my NW. Should I wait out a year and then sell (this will bring down the tax rate on Tesla to ~40%) + +Diversification is the right thing to do but is it still worth paying such a large tax bill? Also, tech stocks are still very bullish and I am also worried that selling now will be a lose lose situation - I will pay huge taxes and also lose out ongoing tech bull market. + +Please throw in some words of advice. Thanks, +Hey, throwaway here. + +So I've been very fortunate for my first 6 years out of college and I'm looking at setting myself up for an early, and very comfortable retirement. I could never do the leanFIRE or even regular FIRE route, I'd rather work a few more years and be able to afford a nice home, boat, nice cars, etc. + +I graduated college in 2012 with computer engineering degree. I got a job in nyc making $102,500 right outta school. I've done pretty well there and now in year 6 I'm at $245,000, base + bonus. I was fortunate to have a family that taught me about investing/managing money, at least enough for me to be curious to research further on my own. This led me to open my roth IRA in 2010 at 20 years old, and I've been maxing it out since. Right now, my total net worth is just shy of $500k. About $200k in 401k, $70k in roth IRA, $140K in taxable accounts, and $60k in cash right now. I'm able to save roughly $4k/month, not including the 401k contribution. I get a $40k bonus in Feb and am able to max my roth ira from that and save the rest. So I save around ~$80k/year not including the 401k, and while the stock market has been great since I've been working, I'm looking to leverage that money and expand my investments. + +I've been spending a lot of time researching investment rental property, and I think I'm going to go that route. I have a friend in Jacksonville, FL who flips homes full time, and has been doing so for 10 years. I'm considering partnering with him and purchasing homes pre-rehab, paying him as a general contractor to do the flip, and then holding and renting. Rough numbers are purchase prices around $50k, $15k in rehab, after rehab value of $100k, renting for $1050-1150/month. My goal would be to build up a portfolio of 20-25 units (starting with single family, but looking at multifamily as well) in 5-7 years and then pay them all off while still working and having the W2 income. At that point I should be getting roughly $20k/month in rental income and would be comfortable to stop working, full time at least. I do enjoy my job, so I'm not in a rush to stop working completely. Also, Id most certainly be moving out of NYC at the time I'm ready to have a family (probably similar 3-5 year timeline), so cost of living should go down as well. + +I'm looking for any advice, thoughts, lessons learned, etc. The idea of working when I want and having the life I've always wanted is something I think about every day! +Now I'm not one for risk management (or any form of management), but I am having a hell of a hard time doing anything bullish or bearish. Just hear me out: + +* Gaymestronk could get cut in half or double in price in 10 minutes at any given moment +* tech stocks are bleeding like a knife wound but can have random 10% days (not to mention the hundreds of stocks with no P/E *at all* doing wild swings) +* lockdowns still doing weird shit +* gas shortage panics while michigan is trying to cut off the Canadian-US pipeline +* middle east conflicts starting up fast +* month-to-month inflation is 4.2%, fed is still keeping interest rates low as balls on a hedgehog +* memecoin values are based on hopes that a dude talks about them on a sketch show +* notable hedge funds are liquidating +* building materials are tripling in cost over the month +* and we have an actual unmet labor demand while new stimmies are being sent out + +And while all this is happening, SPY is up 39%, DIA is up 39%, Nasdaq is up over 42% over the last 12 months. I don't think many people would disagree with the fact that the market is generally overvalued right now. But, if you buy puts, you can expect those to bleed out and let some market maker run off with your money while you sit there hoping for a drop (ew). But of course you know its all built on a house of cards, so a call will either bleed or get wiped on an overnight swing. Companies can beat earnings estimates by 50% and drop the next day because it's "priced in" and mid-market companies with a huge run up will start issuing shares the second they get the chance. + +Fucking kangaroo market. I need a drink. +So last decade apple grew like crazy. This decade are we seeing continual growth or has it peaked???. + +My thoughts are: it will continue to grow like 2010s as 5g phones will be a big hit over two years. Airpods are still in demand. Then new wearable technology they will explore into. I dont see an icar but definitely something big this decade for them to stay on top. I always think they will be relevant as existing products are updated and released. +How we got here... + +August 16, 2019 + +Dear Members of the Board, + +Scion Asset Management, LLC and its affiliates (“Scion”) own approximately 2,750,000 shares, or about 3.05%, of GameStop, Inc. (“GameStop”) common stock. + +As mentioned in our previous letter to the board, we have concerns regarding capital management at GameStop. Given recent GameStop common stock prices under $4 per share, we must re-state that GameStop complete the remaining $237,600,000 share repurchase at once and with urgency. + +Given the market capitalization of GameStop at $290 million at the close on August 15th, completing the authorization would retire over 80% of GameStop’s outstanding shares. Depending on the timing and quality of execution, such a repurchase would increase earnings per share dramatically - far more than any other possible action on a per share basis. + +The numbers are striking and demand action. We estimate that GameStop now has in excess of $480 million of cash, more than enough to complete the share repurchase authorization and still invest in the business and pay down debt. + +Through August 15th, a total of 11 trading days, 50,399,534 shares have traded. At this rate, for the month of August and for the third month in a row, the number of shares traded will exceed the total number of shares outstanding. Because of such high volume, we maintain that GameStop could pull off perhaps the most consequential and shareholder-friendly buyback in stock market history with elegance and stealth. + +Shareholders staring at all-time lows in GameStop stock see little evidence that GameStop has effectively leveraged its elite position in the gaming universe as the new paradigm came into clear view over the last five years. + +The unfortunate reality is that Amazon, not GameStop, bought Twitch in 2014. Instead, in 2014, GameStop started buying wireless store assets. And in 2017, Amazon, not GameStop, bought GameSparks - while less than a year ago GameStop reversed course and sold its wireless store assets. Shareholders are right to worry. + +We expect GameStop’s business will perk up a bit during 2020 and 2021 as the new console cycle, with associated software updates and introductions, finally gets underway. But what is happening now in the stock is about more than late cycle doldrums or even the streaming paradigm – shareholders do not have faith in current management, and have not been inspired by new leadership policies. + +Notably, as of July 31st, 2019, Bloomberg reports short interest in GameStop stock at 57,226,706 shares – this is about 63% of the 90,268,940 outstanding GameStop shares at last report. + +We submit that when share prices are at or near all-time lows and more than 60% of the shares are shorted despite cash levels much higher than the current market capitalization, lack of faith in management’s capital allocation is the default conclusion. + +All of this creates the opportunity to enter 2020 with a dramatically reduced share count along with multi-fold greater impact per share for every single other achievement of management. Consider as just one example that if the turnaround is successful, and if GameStop were able to shrink its shares outstanding to 30 million through the share repurchase, the $157 million dividend that was just eliminated would pay out around $5.25 per share. + +The Board deemed up to $6.00 per share a good price for a buyback less than two months ago, and the price of the stock today is nearly half that amount. + +We again advise the Board to represent shareholders well, and to ensure the execution of the remaining repurchase authorization in full. + +Sincerely, + +Dr. Michael J. Burry +I have been watching a stock, that consistently moves from .0006 to .0008 on a daily basis. It has been doing this for a long time. Is it a decent strategy to play off of these fractions of a cent? For example you can buy 1 million shares for $600 then when it pops to .0008, sell and make a $200. I am new at this and am interested if this is an existing strategy for similar stocks? + +UPDATE: Just thought I would drop an update. I just made a little over $1k, however the stock went from .0006 to .00012 on late Friday. I dumped my position on Monday morning and I am feeling pretty good about it. Since I am no longer in the stock, the ticker is COWI. For some reason it has a consistently high volume and fluxgates very regularly. If I see it dip back down I am jumping back in and waiting for it to go back up. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +From [the article "Here’s why you shouldn’t retire super early — even if you can"](https://www.marketwatch.com/story/heres-why-you-shouldnt-retire-super-early-even-if-you-can-2018-08-30): + +"Here’s one way to figure out if early retirement is a sound financial decision: if savings and investments can produce equivalent after-tax earnings to your current income and there’s a chance those earnings will grow similarly to a salary or bonus, then it may work, Mulvihill said. But early retirees also have to consider other components of compensation, including insurance coverage and employer matches in retirement accounts, he said." + +I was reading this article to perhaps pick up a few more nuggets of wisdom from the "other camp". This paragraph is not it. +The TLDR of it is that after getting my first job straight out of high school my mother would have come to me about a loan however, it was under the guise that I'd be securing land for myself in my young age when really she wanted to pay off her mortgage and secure a vehicle loan. + +The transaction itself was orchestrated by my mother and the current bank manager at the time, with me basically signing my salary away, but over the past few years I've uncovered some highly unethical details. + +&#x200B; + +1- I was told that because I didn't have enough saved for the down-payment my parents would have "gifted" (via deed) their home to me to stand as collateral for the loan, and because they still had a balance on their mortgage that had to be paid off, I was granted a loan to cover both the mortgage & the land in question being purchased. + +At the time this went over my head as my parents told me they were doing me a favor, but I now wonder, couldn't the land itself stand as it's own collateral? Afterwards, I found out that the land itself did not have building approval and it was never even applied for, this is 5 years later. + +Also, shouldn't their names have also been included on the loan instead of just myself? The loan is titled as mortgage: "settle debt and home equity". + +&#x200B; + +2 - I, solely, have been paying this loan. While I was still living at home, I consistently paid a monthly "family contribution" and my mother would've suggested that instead of them paying me the mortgage "installment", I would be exempted from paying my contribution to her and we'd just break even. I no longer live at the family dwelling and have requested support for the loan via the owed installment (minus the interest I am currently paying on the debt payoff amount) but was told the loan is my responsibility. + +I'm even paying the insurance for the house as my mother told me that's required by the bank since the house stands as the collateral but shouldn't she have had the house insured regardless? + +&#x200B; + +3 - My parents put their names on the land I'm paying for. This was in 2016, at the time she told me that it would super simple to have the land transferred to my name whenever I was ready to use it. In May 2020 I told her I was ready but then she said I'd need to wait because they had other financial obligations and were unable to pay the associated fees, and so I waited. While patiently and naively waiting I noticed a new flat screen TV, a large new refrigerator, house renovations and many other personal purchases... She claims to have started the process in September 2020 yet there's still no deed to this day and I was told there are complications I wouldn't understand. + +&#x200B; + +4 - In the same breath of the mortgage being paid off, a car loan was also acquired, unbeknownst to me, linked to my salary account (as I mentioned she orchestrated this transaction and it was done with a joint account in both our names). She claimed her car loan was on its own account however when she is late on her payments it pulls from my salary. This has happened on numerous occasions and I have only been reimbursed 3 of 5 instances, instances where me noticing would have been unavoidable. + +&#x200B; + +I know you may be thinking this is negligence on my part, and as an adult, I should've been more vigilant with my funds but quite honestly, I did not expect my own parents to use me like this. I've sat down and spoken to them on multiple occasions to try to come to a reasonable solution but each interaction with them has become increasingly more toxic. + +I even suggested they take over the loan and I cut my losses after years of me already paying several thousands bringing down the interest in addition to stamp duty and lawyer fees (an additional loan I had to take) already paid for, yet they still refused. + +I have now considered putting the house up for sale in an attempt to pay off this mortgage loan. I have no interest in their home, nor the land purchased. I really need to be rid of this debt so that I can make financial decisions that can benefit my life. At this point I am unable to make any gainful financial moves as the term for the loan is 30 years. What can be done about this? +Yesterday Barclay's announced that they are suspending any further sales from inventory/issuance of VXX shares. This is the ETN that holds the front two months of /VX VIX futures contracts. Since the announcement, VXX has become decoupled from the VX futures prices, and is trading at a massive premium over NAV. + +VXX implied volatility also spiked to >200%, as there is anticipation of a short squeeze. However, there is some historical precedence of this occurring to TVIX and once share issuance was resumed the price cratered. + +Anyone considering trading this ticker? Lots of premium on the table to sell calls; however, if they go ITM I don't know what share availability will be to short VXX. There also seems like there is an arbitrage opportunity here, by going long the front month(s) VX futures contracts and shorting VXX. Again if a squeeze occurs and the share HTB rate skyrockets or becomes not available to borrow, that could be problematic. + +Would love to hear others thoughts on this situation. + +**Update: VXX trading halted multiple times on circuit breaker.** + + + + +Here is a link to the article: https://www.businesswire.com/news/home/20220314005483/en/Barclays-Suspends-Until-Further-Notice-Further-Sales-and-Issuances-of-Two-Series-of-iPath%C2%AE-ETNs-the-%E2%80%9CETNs%E2%80%9D +I routinely see people talking about how DCA is the "right way" and is the core strategy everyone should be using. Having been an investor (and no, not just in crypto), and worked in finance for \~10 years, I hope the following can be of use to the new people in crypto: + +&#x200B; + +1. DCA \*is a good strategy\* typically only for broad, diversified, passive investments. For example, in a Total Market Index instrument, or a gov bond package etc. +2. DCA \*can be a good strategy\* for assets with strong fundamentals. You could theoretically make this case for BTC and ETH (and even that's a stretch). But vast majority of crypto projects do not fall in this category. +3. DCA is \*not a good strategy\* for any assets that are highly volatile and you are expecting a big price pump on to realize your target gains. This is where vast majority of crypto projects (and crypto investors) fit in. It doesn't matter how much you DCA projects that have a real risk of going to zero, you are essentially throwing good money after the bad. +4. DCA is a recommended strategy for dividend bearing investments (where you are getting a solid APY that offsets opportunity cost etc). This allows you to over time build up a strong yield cashflow independent of market fluctuations. + +&#x200B; + +Vast majority of crypto investments just don't fit the DCA model. Almost no crypto project has fundamentals in place (there is no true revenue source, no product or service provided to end consumers etc). BTC practically acts like a mid-cap 1000 index fund, and one can argue in favor of DCA with it. And almost no crypto projects have reliable non-crypto based dividend yields (with a few, rare exceptions). + +And most investors in crypto are simply not looking for a 5-10% annual increase in their portfolio (the kind of target DCA is most suitable for). They are looking for 100%-10000% gains. If you are in this category, you are much better off taking a small amount that you will not miss and putting it towards a few cryptos you are convinced will do well in the long term. Then forget about it and don't check on it for a few months at least. + + +Set some price alerts where you will take profit (for example if you are up by a significant amount, you should exit from a portion of the portfolio to recoup your principal). This is the best way for you to capitalize on your 'lottery ticket' without being wiped out or panicking daily as the market fluctuates. + +&#x200B; + +I am not a hater and if you feel like this is saying something negative about your chosen project, it isn't. But you should take a moment to re-evaluate your position if it is causing an emotional response. + +&#x200B; + +TLDR: DCA is not a sound strategy for most crypto projects and has become a 'cover' for addictive/gambling behaviors which is just throwing good money after bad. +I've started looking into psilocybin mushroom companies such as Compass Pathways (CMPS) as I believe they will eventually flourish, and I'd like to get in early. Mushrooms seem to be the big ones but, I am also finding that MDMA therapy is a close second. + +Is anyone else investing into these types of companies? Which ones? Why? +Trump and Bill Bar are basically striping the 230 protections so that you have to apply for them. They will set rules and decide who can get the protections. + +The 230 protections basically assign responsibility for user generated content on the poster of the content, not the hosting, website, or other entities. It provides a clear way for the internet to host free and open discussions without supposing that the any entity transmitting or housing the data is liable for the content being transmitted, hosted, or displayed by any individual or company that didn't create the content. + +Without this clarity of law, civil and criminal suits would basically kill the internet as we know it because every single entity on the internet would end up being very afraid of lawsuits for user generated content. + +In order for crypto to work it has to not care what the source of the data is or what it is for. If Trump and Barr get their way, the internet will become just as sanitized and "safe" as broadcast TV before the internet. This means that every crypto node will have to get permission from Barr (the DOJ) in order to operate on the internet. You can be sure that the rules will be such that particular transactions will have to be blocked if they demand it. + +So if you value what crypto represents, please pay attention to this bill and oppose it like it means the end of the internet as we know it. +What helps you keep going ? +I am just struggling with this. Grew up in level of poverty like being homeless, extended stays, and never having basic needs met. Core childhood memory was us getting evicted the day after Christmas I remember being out in the cold freezing. Shelters full and extended stay was filled with bedbugs in dangerous area. We sat outside w/ our suitcases. While other families enjoyed their Christmas. Tried college but I had to drop out when I was sick and transmission failed on my car I needed car to commute. Stuck with student loan debt. Then got scammed by mechanic and no car since in town where a car is required with no public transportation. +Been dealing with health issues and lost everything. Too sick to work in my 20s and my health is getting worse. Sleeping on broken bed/mattress for years. I can’t sleep to escape. Living on SSI /SSDI during this inflation feels impossible even with all govt programs meant to starve you. I buy basic necessities with credit cards. Have slum landlord in state with no tenant rights that won’t fix water leak while water bill increases. Can’t withhold rent I’ll just get evicted! Water company won’t credit until it is repaired but who knows how much they will credit! Went to charity that says they will help but never returns calls and the run around for 4 weeks. Nobody cares during the holidays because they just want to enjoy theirs and assume everyone is scamming. +I feel like I been trying my whole life but life keeps throwing curveballs that makes life unbearable. People say it gets better but my life has gotten worse. How do you keep going if this feels like this all your life will ever be? How do you cope? +Here I am, a couple of weeks back and I see PayPal down 50%. + +Great company I say. + +Guidance to double revenue by 2025 they say. + +How foolish is the market for punishing this stock so much, I say. + +So, I buy. + +&#x200B; + +Comes out today with a 50% decline in EPS year-over-year, and a 20% drop in EPS guidance for full-year 2022. + +Fuck you PayPal, you fucking piece of shit company. + +&#x200B; + +For those of you that think that the price drop after-hours is an "overreaction".... Why? + +I personally don't sell on rumours or herd mentality, but rather when there is a fundamental change in the company's milestones. Today, PayPal showed that it's failing to deliver. Massively. + +&#x200B; + +**EDIT**: Having spent quite some time looking into today's Earnings, along with past releases, I'm beginning to think that the EPS decline is not as bad as it seems. + +With any investment, Quarterly updates serve as a benchmark for you to decide whether there's fundamental shifts in the company's execution and/or strategy that could shift the **why** you invested in the first place. + +The reality is that (see the latest Investor Update deck from PayPal's website) [https://s1.q4cdn.com/633035571/files/doc\_financials/2021/q4/PYPL-Q4-21-Investor-Update.pdf](https://s1.q4cdn.com/633035571/files/doc_financials/2021/q4/PYPL-Q4-21-Investor-Update.pdf) + +(1) TPV and Revenue are (excluding eBay) expected to grow at roughly \~20% for FY22 (2022: TPV growing to $1.5T and revenue to exceed $29B) + +(1i) Revenue growth includes an eBay decline of $600Mil, which is actually very impressive + +(2) Free Cashflow is expected to grow by approximately \~11% for FY22 to $6Bil. This is similar but stronger guidance than the year before. + +(3) FY-21 Venmo volume increased 44% to $230Bil + +(4) Net income was impacted by: + +(4i) Volume-based expenses grew 22.5% and non-transaction related expenses grew 10.4% ◦ Sales and marketing expenses increased 9.6% and technology and development increased 19.1% + +&#x200B; + +**Verdict** + +After relevant research, I firmly believe that after a near 50% correction, a further 10-15% drop is indeed an overreaction to this news. There could be some more selling to follow, but I will personally be buying more. + +The latest earnings highlighted some profitability concerns, but PayPal is in no way, shape or form a struggling company. + +I am bullish. +Wanted to share a personal success that I cannot share with anyone else in the real world for obvious reasons...even close family members except my wife. + +After the latest deposit in Oct, my cash amount went above million usd. I was already hitting 2 million+ based net worth as shown in mint but now the actual liquid asset number is a million which is quite exhilarating to be honest. :) + +About myself - +Mid 30s couple in east coast. I have a full time stem based job and my wife works part time but also has a high paying job. I also started a business 3 yrs ago which is now pulling in 6 figs. We have a new house worth almost 1/2 mill on mortgage and 2 toddlers. + +I realize I have too much liquid cash in hand, but the way I see it, I invest in my own business where the return is over 30% net profit (ROI is more than 100+% return) which is way better than stock markets etc. Also, now that we have had a 10 yr bull run...I am biding my time for the next market crash so I can scoop in and buy stocks and real estate. + +Happy to answer any questions. +I had relatively quick outpatient surgery two weeks ago which required full anesthesia. Before going under, I was told that compression devices would be placed on my legs for safety reasons. + +While asleep, leg compression devices were placed on my calves and automatically "sold" to me. Upon waking up, a nurse told me the leg compression devices were now mine to take. I didn't think twice as I was groggy from anesthesia and the nurse bagged them up with my clothes. + +A week later I went to my specialist/surgeon for a post-op, who told me that I had no need to wear the leg compression devices. An out-of-network, not covered $1000 claim just appeared on my insurance (Cigna) today. + +What should I do in this situation? Should I call my insurance first? The surgery center? What are my rights? + +E1: Spoke with Cigna and was told that it is common to see surgery centers file a claim for a medical device like this and that the surgery center is most likely trying to determine how much Cigna will pay. Cigna said it is also likely that the surgery center will *not* bill the patient when the claim is denied. Will call the surgery center when they open tomorrow to determine if I am being billed for this. +Help be a part of a $1 MILLION CHARITY DONATION!!!! RavenX + +Like the title says - RavenX is close to that million mark. Currently sitting at 1389 BNB donated at the time of this post (Over $930k worth), RavenX just needs a little push to get over that Million Milestone!!!! + +RavenX has changed so many lives and will continue to do so at an astonishing rate! + +What is it? RavenX is a charity token on BSC that is hard coded to donate 5% of every transaction to the Bin@nce Charity Wallet. This is the first token to donate directly to a charity without the need of manual assistance. Say if the development team all die off in an unfortunate accident, RavenX will still donate as long as trading volume exists. These charity donations are veeifiable on Bscscan and the Bin@nce Charity website! + +Bin@nce Charities themselves even thanked us via a tweet at $350k donations!!!! + +Tokenomics: + +436 million total supply (originally 500 million) + +Around 15000 holders + +Taxes: + +5% donation fee + +2% burn + +2% redistribution + +ONLY A 4.8 MILLION MARKET CAP!!! IT REALLY ONLY HAS 1 WAY TO GO, THAT IS UP!!!!! + +Its ATH was around a 22 million mcap(5 pennies) + +Current price is sitting at 1 penny after the consolidation from the 5 penny pump up. + +This token is criminally undervalued - in the first week the dev team flexed their wings by gettinf RavenX rapidly listed on CoinMarketCap, CoinGecko, Coinbase (for tracking), Blockfolio, had many youtube promotions, partnered with Jazz Defi and Shield Finance, had giveaways, paid for a Certik audit, which is already underway, passed Techrate and BSCchecker audits, listed on Trustwallet, verified on BSCscan, and much more!!!!! + +I sew other tokens using "Listed on CMC after only 10 days" as a marketing ploy - RavenX did that on day 2....same with CoinGecko.... + +Around 70 PR articles have been released regarding RavenX's donation contributions. + +All this just shows the competance of the team. + +The telegram is the most active part of the community - around 8000 members currently. So if you are thinking about joining, join the telegram for the quickest news updates and fun!! + +Did I mention the NFT marketplace? On their new website they have just released a NFT marketplace where you can create, buy, or sell NFTs!!!!!! + +The elephant in the room - what will occur when we hit $1 million in donations??? Stay tuned to find out. + +Like I said, only a 4.8 Million mcap. This can 100x to 480 million in the blink of an eye. The donations will go through the roof! + +Listed on Whitebit Exchange also last week!!! + +Website: + +https://ravenxapi.xyz + +Twitter: + +https://twitter.com/ravenxfin + +Telegram: + +https://t.me/ravenxfin + +Reddit: + +r/ravenx +A fair few people just got conned by this smart contract: + +https://bscscan.com/token/0x3226e1b78ec0735ff34b75a9a189e07de468504a + +https://poocoin.app/tokens/0x3226e1b78ec0735ff34b75a9a189e07de468504a + +It contains a function which allows the contract owner to create new tokens, which they can then sell and steal everyone elses liquidity with. The owner will typically add a large amount of liquidity (20 bnb in this case) and and burn the CAKE-LP, giving the illusion that the token is safe. + +Once enough people have bought in and added liquidity, the contract owner will generate a massive amount of new tokens and sell them all at once, making a profit and rendering everyone elses tokens near-worthless. + +This type of rugpull has popped up a few times on the telegram circuit over the last couple days as people have increasingly wised up to the usual method of selling LP tokens and demand that they are locked/burned from the start. These tokens initially look safe to buy and are difficult to spot, unless you can understand Solidity and check the source code before investing. +I posted on XMM Momentum 3 days ago and it has posted 10x gains since. Congrats to those who got in and are still making profit$. + +Got another good one for you here. This one is a sleeping giant set to make a run as one of the top Defi projects. The team has been hard at work since June to launch this first of its kind product. The past month or so the majority of tokens have been staked in a vault. Price has fluctuated wildly as speculation grew whether team would come through. Well the time is here. Price is around .25c at this time with around a 1.8m mcap. This will be another likely 10x, with possible 100x since there is no other project like this. Team is top notch, security audit completed, and next phase will include marketing as part of product launch. I really see no weaknesses with this one. Good time to get in before they launch next phase tomorrow. More info and links below. Cheers! + +Meridian Network (LOCK) +Imminent Product Launch!!! +31st August DAO Balancer pool Index Fund and Website Revamp + +Product: DAO governed balancer pool alongside a community run ecosystem of dapps. The Balancer pool has many benefits for investors. Provides exposure to all the assets in the pool and act as a diversification strategy, including passive dividends in the form of BAL, trading fees in the form of the tokens that are in the pool. The project is aiming to be 100% autonomous, the goal is for the team to gradually stop getting involved and placing control in the hands of users. + +The initial Balancer Pool: Prime Meridian Fund +Different ratios of BTC, ETH, LINK, OCEAN and LOCK. + +Major Marketing drive after deployment +Market Cap: +-1.8Mil +Circulating Supply: +-6.6Mil +Funds are Liquidity locked +Hacken Partnership: dApps are security audited + +The time has come! Introducing the final stage for Meridian Network: +https://medium.com/meridian-network/enter-meridian-the-final-stage-a300dfcff161?sk=551f795b1d2ceda0396f638543722b3a + +Litepaper: +https://drive.google.com/file/d/1s26Tsiej7-wtJvY20jhPhygRoTrra3tC/view + +Audit report by HACKEN: +https://drive.google.com/file/d/1xxSr6ecKxhfw3Ciu6vDmkUAH8ovEGOOx/view?usp=sharing + +LOCK token address: 0x95172ccBe8344fecD73D0a30F54123652981BD6F + +UPDATE 8/31: + +Team delivered. Everything is on point..future dapps in the works also. Price is still low b/t 40-50c. Soon it will be measured in dollars. See message from dev: + +Hey everyone! We have now released our new website along with the Balancer pool and DAO, make sure to read through our Medium article: + +https://medium.com/@meridiannetwork/meridian-network-a-new-chapter-eb74bc684e32 +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. +&#x200B; + + + +&#x200B; + +https://preview.redd.it/5urwquo4wun91.jpg?width=817&format=pjpg&auto=webp&s=afe773b3b048b9d0436cefeb813a104a1ddc3901 + +As soon as we see the SEC n court testifying and defending the DTCC and the accuracy of their clearing and trade system -THEY KNOW + +As soon as we see year after year implementing new laws to help continue the criminal behavior-THEY KNOW..of course they know ..they all know + +They knew in the past and they know now, and their sole interest isn't in the victimized companies or the companies shareholders. Their interest is in keeping each other rich and doing whatever it takes to keep the truth hidden. Institutional corruption like the crimes that these brokers, hedge funds, regulatory agencies commit against the shareholders and companies continues to wreak havoc on the entire US economy causing trillions of dollars of losses that hardworking taxpayers foot the bill for. These crimes can not and do not happen in a vacuum, if thousands of people from all different backgrounds have documented the same injustices happening year after years it is not the victimized companies and shareholders who are at fault it is the people who are at the subject of the thousands upon thousands of complaints that keep circling back to the same issues..fraud, manipulation, counterfeiting and stealing. This mass amount of coordinated financial terrorism occurrs with a lot of support from a lot of people from every sector in the financial and government industry allowing it to happen and choosing to ignore it. + +The focus is not on one or two individuals, no it needs to start at the TOP and work its way down to the bottom this is a systematic problem . All the documented complaints, comments, analysis, court records, congressional hearings, true media reporting, shows that they have used their positions to manipulate the entire system and the ones at the top know and clearly help perpetuate the criminal behavior and use immunity and claims of ignorance to justify the continued crimes. The concern about the illegitimate use of short sales is as old as the SEC itself. The Commission writes that "Congress, in 1934, directed the Commission to 'purge the market' of short selling abuses, and in response, the Commission adopted restrictions that had remained essentially unchanged for over 60 years."[1](https://www.sec.gov/rules/proposed/s72303/rshapiro122403.htm#foot1) It has been evident for some time that the regulations adopted in 1938, principally Rule 10a-1 restricting short selling in a stock while its price is falling, have not stemmed illegitimate short-selling. This failure suggests systemic problems with the short sale system that have eroded the basic integrity of the equity markets, including: + +1) broker-dealers and investment firms apparently participating in the creation of significant numbers of sham short sales to artificially drive down the price of targeted firms, + +2) apparently lax and faulty arrangements at the industry-owned Depository Trust and Clearing Corporation (DTCC) and its National Securities Clearing Corporation (NSCC) subsidiary that have allowed millions of uncovered shorts to persist in the system; and + +3) the apparent incapacity or unwillingness of the SEC to enforce existing short sale regulation by investment companies, the DTCC and the NSCC. + +When the number of uncovered short sales in a stock exceeds its public float-or even the total number of shares issued or outstanding--the only plausible explanation is a concerted and illegal effort by short sellers to flood the marketplace with counterfeit or fictitious shares, in order to artificially drive down the stock's price and increase the value of the shorts. Massive naked short sales turn the equity market into a form of monopoly pricing for the firms that fall victim to such sales, in which the short seller sets the price at a level guaranteed to provide a quasi-monopoly return. These actions, in effect, destroy the integrity of the market system for firms targeted by naked short sellers and create a direct transfer of wealth from existing shareholders to the illegal short sellers. The firms targeted for such manipulation are generally smaller, younger public firms - the type of company which has generated many of the technological and organizational innovations that have contributed so much to the increases in business investment and productivity of recent years. As relatively small and young companies with much fewer shares in their public floats than their older and larger counterparts, their individual decline or destruction also generally attracts little public attention. + +These illegal short sellers cannot achieve pricing power over a firm by themselves, since it involves creating hundreds of thousands or even millions of phantom or non-existent shares in direct breach of numerous regulations and laws. This undertaking requires the collaboration of broker-dealers who will carry out short sales without transferring actual shares, and the tacit countenance of the market organizations and regulatory bodies charged with clearing and settling those short sales. The fact that naked short sales occur on this scale, therefore, points to serious problems involving compliance with short sale regulation at the investment firms conducting these transactions for their customers. It also points to troubling problems involving the enforcement of these rules at the NSCC, where these transactions are supposed to be cleared and settled in accordance with the rules, at the NSCC's corporate parent, the DTCC, and at the SEC offices entrusted with overseeing the DTCC, the NSCC and investment firms. + +The large-scale naked short-sales that have been consistently acknowledged by the SEC and confirmed by research, require broker dealers willing to look the other way as their customers carry out their short sale strategy, with some of these broker dealers perhaps relying on a customer's convertible warrant to guarantee that the shorts will be closed eventually. The success of these large-scale naked short sale strategies also depends on a persistent failure by the supervisors and employers of these broker dealers to question or investigate massive short sales transacted through their firms and followed, time after time, by the effective destruction of the targeted companies. The strategy's success further depends on NSCC staff willing to overlook thousands of instances in which large numbers of shares are not delivered for an extended period or on their supervisors' ignoring such reports.Finally, these manipulations can occur only in a lax enforcement environment. The record shows that the SEC has not disciplined a single broker-dealer, a single investment firm, a single staff or official of the NSCC or DTCC in connection with the massive illegal activities which the Commission acknowledges have occurred. + +The rules governing short sales must be tightened and, just as important, the old and new rules must be strictly enforced. I do not believe, however, that none of the recent SEC' proposals along with reg SHO with its loophole have an appreciable effect deterring these abuses. + +Dr. Patrick Byrne of Overstock.com, gave a first hand account of naked short selling, the counterfeiting of commercial securities. A CEO purchases two million dollars of stock in his own company, and he could not take delivery of this stock in certificate form. + +"The (Securities and Exchange Commission) works for Wall Street," Byrne said in an interview last week. "It doesn't work for Main Street. On a good day, the SEC is up to taking on Martha Stewart over a $60,000 issue. They are not up to taking on Jim Cramer and half a dozen powerful hedge funds."Byrne sparked controversy in August 2005 by accusing a number of investment bankers, financial journalists and hedge fund managers of collaborating to ruin the reputations of companies to profit when their stock prices tumbled. Byrne claimed that his online store was victimized by such a scheme. In a now infamous 2005 conference call, he said the conspiracy was overseen by a mastermind he compared to a "Sith Lord" out of the *Star Wars* movies.Byrne's detractors accused him of trying to [divert attention away](https://www.cnet.com/news/overstock-jihad-divides-father-and-son/) from his company's poor financial performance. In 2005, Salt Lake City-based Overstock [reported a $25 million loss](https://www.cnet.com/news/overstock-denies-shipping-problems/). The company's share price, which hit $77 in 2004, closed trading on Tuesday at $17.29. Salt Lake City, Utah-based [Overstock](http://www.overstock.com/) in 2005 filed suit against Rocker Partners, a short-selling hedge fund, and Gradient Analytics, a research firm. He accused them of conspiring to manipulate Overstock's share price. The SEC opened an investigation into the companies but dropped the probe last month without taking any action. But Byrne hasn't given up. Overstock last month filed a $3.4 billion suit against 12 brokerage firms. + +We witnessed the State of Utah take a leadership role when they passed Senate Bill 3004, imposing penalties on and exposing naked short sellers. We sent messages to every Utah Senator, and the Governor, telling them how proud we were of them for listening to us and for standing up for what is right and just. We saw the Utah law challenged, and its implementation delayed by the same industry lobby groups that we believe have captured the SEC and our elected officials, + +# Not long after Utah wanted to stop the madness: Wall Street Sues Utah Over Naked Short-Selling Law + +# (July 31, 2006, 12:00 AM EDT) -- A month after Utah legislators paved the way for hefty fines against so-called naked short-sellers with a new law, Wall Street's prime trade association is suing the state government, saying the law illegally usurps the jurisdiction of federal regulators. The lawsuit, filed on Friday in the U. S. District Court for the Central District of Utah, seeks to overturn Utah Senate Bill 3004, which was signed into law earlier this year amid strong opposition from the Washington, D. C. -based Securities Industry Association. That bill modified the Utah Uniform Securities Act to allow Utah-based companies to fine brokerages $10,000 a day if they fail. . . + +&#x200B; + +[The SEC has an outstanding filing system..everything goes just where they want it. ABSOLUTELY NO WHERE](https://preview.redd.it/jnrbcaiowun91.jpg?width=1080&format=pjpg&auto=webp&s=d7d95a6a565db12aced70b4e6aeff86d9587a4a2) + +&#x200B; + +**Interfering with target company’s customers, financings, etc.** + +**Monopoly** + +Olde Monmouth Stock v Depository Trust Clearing + +[https://www.casemine.com/judgement/us/59146e69add7b04934335aed](https://www.casemine.com/judgement/us/59146e69add7b04934335aed) + +Old Monmouth Stock Transfer alleges that the defendants Depository Trust Clearing Corporation(DTCC) and Depository Trust Company (DTC) violated federal and state antitrust laws by unreasonably excluding Olde Monmouth from DTC’s Fast Automated Securities Transfer (FAST) program. Plaintiff also alleges that DTC tortiously interfered with Olde Manmouths economic relationships with existing and potential future customers by contacting some of plaintiffs clients and undermining Olde Manmouths business relationships. Furthermore, plaintiffs suggest that DTC may have publicized Olde Monmouth’s exclusion from the FAST Program to the stock issuing community + +Securities and Exchange Commission Release No. 34-57959 File No. SR-DTC-2006-16, Notice of Filing of Proposed Rule Change Amending FAST and DRS Limited Participant Requirements For Transfer Agents + +**Dear Ms. Morris: I am writing to you on behalf of Continental Stock Transfer & Trust Company ("CST")** to strongly object to the above-referenced proposed Rule (the "Proposal") filed by The Depository Trust Company ("DTC"). CST is a medium-sized stock transfer agent which has been in business since 1964. We currently represent more than 1,000 public issuers, aggregating more than 1.5 million shareholder accounts. We write to you to augment the comment letter filed by the Securities Transfer Association ("STA") of which we are a member. It is our position that DTC, the only depository in the United States, seeks through this filing to extend its 30 year pattern of anti-competitive behavior by mandating eligibility rules which will have the effect of evicting from the transfer agent industry scores of small transfer agents which provide valuable, cost effective services to thousands of smaller issuers around the country. In so doing, DTC, which is a Self Regulatory Organization ("SRO"), is both usurping the congressionally-granted exclusive authority of the SEC, and attempting to make SRO eligibility rules and compliance rules, not for its own members, but for transfer agent non-members, which are direct competitors of DTC. DTC seeks, through this Rule filing, unfettered authority and discretion to mandate what services transfer agents must provide to DTC and its members, while at the same time refusing to pay for such mandated services. In summary, DTC is a monopoly engaged in predatory, anti-competitive conduct with respect to its direct competitors. The effects of this anti-competitive behavior are far-reaching as to price and mandated services; and it may result in scores of small transfer agent competitors being forcibly evicted from the marketplace. Finally, in filing these proposed Rules, DTC is usurping the SEC's exclusive jurisdiction to regulate transfer agents. + +[https://www.sec.gov/comments/sr-dtc-2006-16/dtc200616-12.pdf](https://www.sec.gov/comments/sr-dtc-2006-16/dtc200616-12.pdf) + +**Plaintiff Douglas R. Caron is a client of Defendant TD Ameritrade** Inc. *Id*. at + +Sometime between June 15, 2005 and July 12, 2005, Plaintiff purchased 463,372 shares in Bancorp International Group Inc. ("Bancorp") for $4,082.63 through the TD Ameritrade platform acting as a self-directed investor. *Id*. Though Plaintiff is the beneficial owner of the BCIT shares, the shares are held in trust in certificate form by Defendants, The Depository Trust & Clearing Corporation, The Depository Trust Company and Cede & Co (collectively, "DTCC"), which are organizations that hold securities in order to facilitate the clearance and settlement of securities transactions. + +On August 11, 2005, shortly after Plaintiff bought his shares in Bancorp, Defendants DTCC imposed a "lock" on certain share certificates in the company, including those owned by Plaintiff. A "lock" means that share certificates cannot go in or out of DTCC. Defendants DTCC imposed the lock on Bancorp certificates because they learned that Bancorp had been subjected to a "corporate hijacking" by fraudsters who were printing unregistered, unauthorized share certificates for the company. In September 2011, Plaintiff requested that Defendants deliver him his Bancorp share certificates, but he was told by Defendants that the certificates could not be delivered due to the DTCC lock. . Plaintiff maintains that the lock in fact does not prevent all transactions, because owners can still execute trades outside of DTCC using physical share certificates. at Therefore, he demanded that Defendants deliver him the physical share certificates despite the lock. He also maintains that Defendants have failed to replace the unregistered, counterfeit Bancorp certificates with real ones, and that Defendants have attempted to fraudulently conceal that fact by falsely claiming that they hold legitimate Bancorp share certificates on deposit. *I*Defendants have **denied this allegation and maintain that they cannot not deliver the shares because of the DTCC lock.** + +**Companies and shareholders begging for help from being shorted to oblivion** + +April 9, 2008 + +Dear Mr. Chairman and Commissioners: + +In my comments submitted to you on this subject dated April 5, 2008, I referred to an attached consolidated balance sheet of **member firms of SIFMA** as of June 30, 2007, showing total failures-to-deliver and failures-to-receive of about $192 billion. In making my submission, I was notified by your website submission system that the attachment was rejected due to (as I understand the message) a format issue. Therefore, I have put the same consolidated balance sheet into a pdf format and am now attempting to file it with you again. + +In doing so, I take this opportunity to re-emphasize the astonishing significance of failed deliveries of shares in the magnitude of $192 billion. That sum is almost assuredly already marked down to market value after the share prices of the targeted companies have been driven down by the dilution and reckless sale of the counterfeit shares never delivered to the buyers. Secondly, that staggering amount of dilution is focused upon a limited number of targeted companies, so the financial pressure and harm to them and their shareholders is very substantial - nothing that can remotely be considered merely incidental to normal trading volatility. Trading practices involving such rampant failure to perform add nothing beneficial in the way of liquidity, but instead amount to sheer manipulation of share prices and criminal financial fraud. + +In considering the implications of this $192 billion in risk exposure, please consider not just the implications for the financial firms disclosing those exposures but also the multitudes of retail investors whose money has been taken in the process. + +[(Attached File #1: s70808-279.pdf)](https://www.sec.gov/comments/s7-08-08/s70808-279.pdf) + +RE: File # SR-DTC-2003-03 Dear Sirs: I am the President and CEO of The Auxer Group, Inc. (OTCBB:AXGI, Commission file # 0-30440. + +I have held these positions since approximately January 15, 2003 having previously held similar posts with a private company that entered into a stock exchange agreement with “**Auxer”. The common stock of “Auxer”** is a very highly traded issue and boasts a shareholder base of approximately 4,000 investors. I announced on March 19, 2003 that “**Auxer” is considering a request to remove itself from the Depository Trust** Corporation (hereinafter “DTC”). The announcement was released via Business Wire at approximately 11:23 a.m. EST. The trading activity on AXGI was approximately 62,000,000 for the March 19, 2003. Our decision to consider removal from the DTC was because of suspected naked short selling. The reaction to our announcement seems to confirm our suspicions. My observation is that this expected naked short selling has reached unmanageable proportions and was adversely affecting the trading price of Auxer stock and accordingly, its shareholders. Auxer objects to any rule change that would prevent public companies from exiting DTC’s electronic clearing and book entry system. It is imperative that any rule change would not limit or interfere with Auxer’s rights. Auxer is a highly traded stock with a large investor base. As such, it appears that it is an attractive target for naked shorting to occur. The difficulty to the Company and its shareholder base is that the stock prices appear to be artificially manipulated by the excessive naked shorting. In my opinion, the ability of naked shorting to occur is an indication of a system weakness. The systematic system of settlement does not appear to discourage the naked shorting. Accordingly, the opportunity for abuse is very high. It would be unfair to the Company and its shareholders to agree to make a rule change that does nothing to correct suspected systematic abuses. Accordingly, Auxer objects to any rule change that would prevent us from taking any action to protect the Company and its shareholders from impairment of its underlying value or investment. Accordingly, I urge you not to approve the DTC’s application for rule change that was filed on February 13, 2003. Thank for your consideration. If you would like to discuss this comment letter further, do not hesitate to call. + +I am a shareholder of **New Market technology (nmkt).** In the past 5 years the company has grown from a $1m dollar company to a $93m company. + +Every time the company comes out with good news, for the first few hours it either goes up or holds it's own, and then it is brought down in the afternoon. This has been going on very heavily for the past 12 months. + +For example, today (06/16/08) the company announced a new + +$4m contract. The same scenario, holding it's own in the morning and getting creamed in the afternoon. Many of us shareholders believe there is some group that is naked shorting this stock. + +CAN YOU HELP US PLEASE + +on January 21, a complaint was filed with the SEC calling on the Commission to conduct to formal investigation into the short-selling of **J.C. Penney Co.** stock that occurred shortly before and after a major class action lawsuit was filed against Eckerd Drug Stores, which was owned by J.C. Penney. As more fully described in that complaint, s**erious questions were raised about the selective disclosure of the timing of the lawsuit to short-sellers of J.C. Penney Co. stock as reported in a Wall Street Journal article of January 7, 2003, Suit Batters Penney Shares, But Serves Short-Sellers Well. Unfortunately, it does not appear that the SEC took any action in that case**. + +On December 19, 2003, a complaint was filed with the SEC, as well as with the U.S. Department of Justice, the U.S. Attorney's Office in San Francisco, California and with thenAttorney General Eliot Spitzer, requesting an investigation into whether any federal civil or criminal laws were violated with respect to short selling of the stock of **Terayon Communication Systems, Inc. (Terayon),** **and related conduct in a class action securities fraud lawsuit against the company filed by Milberg Weiss Bershad Hynes & Lerach. In re Terayon Communication Systems, Inc. Securities Litigation.** While it appears that the SEC did some initial investigation into this matter, no enforcement action was taken. + +On July 13, 2004, a complaint was filed with the SEC requesting that it conduct a full and thorough investigation of the facts and circumstances regarding the lawfulness of certain communications by a plaintiff's attorney designed to depress the stock price of **Bayer AG**, a German company that is traded on the New York Stock Exchange. The goal of the attorney was to pressure the company to settle the product liability lawsuits against Bayer over its cholesterol drug Baycol. Mikal Watts, a noted plaintiff's attorney, boasted to the Wall Street Journal in a May 3, 2004 article that in order to pressure Bayer to settle his questionable product liability lawsuit seeking $550 million, **he was disseminating negative information about Bayer to the media to engender damaging stories, which in turn would drive down the price of Bayer stock: "I was feeding a lot of \[negative\] information to European and U.S. papers . . . . It was part of my strategy to affect the stock price, which I was very successful at."** As with the J.C. Penney filed complaint filed in 2003, no action was apparently taken by the SEC on this complaint. + +Re: Release No. 34-57511; File No. 57-08-08 ResulationSHO Proposed Amendments re: "Naked" Short Selling + +https://www.sec.gov/comments/s7-08-08/s70808-510.pdf + +I write to urge the SEC to (i) adopt the proposed anti-fraud rule 10b-21,(ii) eliminate the options market maker exemption to Regulation SHO and (iii) aggressively enforce and/or reform RegulationSHO to protect against the abuses being caused by illegal "naked" short selling. **Our company, VeraSun Energy Corporation ("VeraSun"), has been targeted by short sellers consistently since July 2007,** which, we believe, has at times artificially depressed the price of our stock. As such, stopping the practice of illegal naked short selling is an important issue for our company. While we support the adoption of the proposed anti-fraud rule, we question how its adoption, absent other significant actions, would halt the continued . practice., of naked short selling. Today, naked short selling is a clear violation of the anti-fraud provisions of Rule l0b-5. As a consequence,we believe that restatingin the proposed rule that this type of fraud is a violation will not significantly change the current situation. That said, the SEC's adoption of the proposed rule will further increase the attention being focused on this problem and,therefore, is another positive step in addressing this problem. we support the SEC's adoption of the proposed rule. In addition, we believe the SEC needs to take additional steps to bring about meaningful change. Additional Regulatory + +May 8, 2008 + +Hi, Im just a retail investor and had no idea about naked short selling and did not understand the concept at first. I had no idea I would get the misfortune to be in a security that is still being manipulated my hedge funds using naked shorting as one of their weapons. This company, **OVTI**, though one of the top 100 fastest growing companies, several years running with $350 million in cash, zero debt, a PE of less than 10, industry leader and trading at a small fraction of fair value has been on the REG SHO list several times. The stock has been at the mercy of Hedge funds and their illegal tactics for several years now. This is no Overstock company. They are earning millions quarter after quarter and are slated to have cash of over 400 million (zero debt) in 1 more qtr. Im just so tired of waking up every day dreading yet another PAID for FUD report by another hedge fund who miraculously established a short position just a few days prior. **Has the MOB moved into investing? Is it fair for a retail investor to be involved in the stock market??** + +PLEASE HELP + +## President, Olde Capital Group, LLC + +April 4, 2008 + +Naked short selling creates shares of a company out of thin air. They are nothing more than "counterfeit" shares, sold as if they had value. If one were to create money out of thin air, and use it as if it had value, the penalties for such counterfeiting are steep. The same should exist for counterfeit shares. + +I have personally owned shares of a company that recently came under a naked short attack (**VCG Holdings, VCGH).** **that company is STILL on the Reg SHO list, and the share price has been driven from $15 to $5, all while earnings have increased dramatically. No matter how many buyers show up**, there is an unlimited amount of shares ready to be sold into the bids.Short sellers (and naked short sellers) are completely anonymous, yet they have massive influence over a company's share price. 5% and above "owners" are required to disclose their identity with SEC filings. That rule was put in place so other parties know who has majority interests, and can be asked about intentions. Short sellers on the other hand have NO such requirement. Short sellers have just as much influence over a company's share price, as do the owners, yet they remain anonymous. Short sellers should be subject to the same 5% reporting rule. + +A 5% reporting rule for short sellers would solve two problems. First, the world will know the identity of the shorting party, and can ask about their intentions. Second, naked shorting allows one to short more shares than exist. How could a naked shorter effectively report they have shorted 300% of the float without admitting illegality? + +The problem of “phantom shares” or “naked shorts” became so serious in late 2003 that some companies, mostly entrepreneurial companies who accessed what they believed to be fairly operating capital markets, approached the DTCC’s subsidiary Depository Trust Company (DTC) in hopes of either finding a resolution to the problem or moving their stock out of harms way, out of the system. DTC turned to the SEC and got approval for a rule to prohibit the companies from taking action to protect themselves. If you asked the DTC about this particular instance, they will only tell you that they cannot honor requests from issuers to exit the system because it “has not been permitted by the SEC”. without mentioning the fact that the DTC initiated the SEC rule that stops companies from protecting themselves, their assets, and their investors. + +R. Ricci + +The Mass Exodus to Leave the DTCC and what the DTCC and SEC did to stop it + +Failures to Deliver, intentional or unintentional, should have very STEEP fines - based not on the occurrence, but on the number shares that FTD'ed. There is no excuse for not delivering that which was contracted in the deal.The case of the greatest "counterfeit shares." fraud in the UNITED STATES is in my opinion CMKX. CMKX DIAMONDS, THE LARGEST NAKED SHORTED STOCK IN THE HISTORY OF THE UNITED STATES/WORLD" Trillions of stock shares traded and changed hands UNTIL CMKX revoked itself and had every stockholder pull stock certificates out of brokerages out of street name and into Investors name to safely hold in their possession. CMKX is also the **LARGEST STOCK CERTIFICATE PULL IN THE HISTORY OF THE UNITED STATES"I Hope the the SEC did not create a regulational rule during this period the above action was committed to absolve them from liability of cmkx \`\`counterfeit shares."** + +2002 + +As you know several companies did recently make a successful exit from the DTCC before the back door was locked and nailed shut. This afforded researchers a view of what was really going on behind the scenes on Wall Street as it pertains to the "delivery", or lack thereof, of shares purchased. Once out of the DTCC system for clearance, settlement, and delivery of purchased shares, the transfer agent of these issuers takes over these duties. The transfer agent is an employee of the public company it serves. In the trades under study, approximately 3 to 5% of sell orders resulted in the "good delivery" of these shares to the purchaser's firm. This was after a successful exit from the DTCC and changing over to a "certificate only" or "custody only" basis for the transference of share ownership. Good delivery in this system results in the Transfer Agent receiving in the mail an endorsed certificate that he cancels and reissues in the name of the new buyer. This transparency of our system created by this successful exit from the DTCC provided a view that was rather shocking to say the least. **The arrogance of the Wall Street community into not even cleaning up their act when the floodlights are on them speaks volumes. The problem is that of no deterrence to this type of activity because even when you get caught red-handed the reward overshadows any risk. What happened when a mass exodus of companies began exiting the DTCC because of crime..the SEC and DOJ investigated which ended many careers for these criminals and their affiliates and strict laws were enforced that stopped the crime from happening or ever happening again bringing trust and integrity back to the New York Stock Exchange…thats a no. A proposal from the SEC in favor of the DTCC so they could continue their crime.** + +# + +https://preview.redd.it/4kwlcf6xwun91.png?width=1080&format=png&auto=webp&s=0075ee05a47711d87797ec0db21b258e2b2b35e8 + +# **Comments on DTC Rulemaking Self-Regulatory Organizations; Order Granting Approval of a Proposed Rule Change Concerning Requests for Withdrawal of Certificates by Issuers(Release No. 34-47978; File No. SR-DTC-2003-02)** + +To: [rule-comments@sec.gov](mailto:rule-comments@sec.gov) Subject: Release No. 34-47365 file No. SR-DTC + +To whom it may concern. + +I **can't believe you are actually allowing the DTC to make policy ,and apply for rule changes on the fly, in order to cover their obvious and blatant inability to implement their very own mandate**. That is to correctly and properly watch over and clear securities that flow back and forth in the securities industry. + +**Now that over 60 companies have clearly uncovered Just one of the more serious flaws in the system that is and has been used to fleece the unsuspecting public out of it's precious investment dollars, you are about to allow the very individuals we turn to for investment advice to white wash the problem, and go merrily on their way.**As a shareholder in a company ( PCBM ) which is believed to have a naked short position in excess of 5 billion shares, I am appalled that you are even considering allowing the DTC to slide this under the door. You need to be forcing them to do their job as it exsists now, on such actions as fail to deliver, ,good delivery, T3, hard to borrow, etc, and You might also want to send a stronger signal to the Canadian side of this equation as well as we all know the effect that pipeline is having on this problem of naked shorting.This problem of offshore and naked short selling has grown far too big to to just be swept under the rug, and if you allow the DTC to side step their responsibility you may well find the investing public breathing down your neck in a way that will make the Arthur Anderson debacle feel like a cool breeze. + +Monday, March 24, 2003 11:12 AM To: [rule-comments@sec.gov](mailto:rule-comments@sec.gov) Subject: DTC's Request for Rule Change to Prohibit Issuers From Exiting DTC + +Dear Ladies and Gentlemen: + +**For years, small issuers have attempted to get information from DTC respecting whether DTC loans securities to those who engage in naked shorts of their securities or other information to determine the extent of naked shorts in their shares; the DTC has stonewalled them in every respect.** I am familiar with at least one judgment against the DTC for damages for this conduct. **In order to resolve naked shorts, issuers have had to resort to small dividends, name changes, requests to stockholders to order shares out of DTC or actually exiting DTC to get any result.** The latter almost immediately requires brokers to cover their naked shorts, and these naked shorts are evident to DTC at all times. What DTC is trying to do is to perpetuate what it is now doing, without any potential liability for helping the conspiracy in naked shorts that has damaged so may small companies and their shareholders. Once someone exits DTC, you can be sure the naked shorts have to be covered to complete that; that is what the DTC is upset about, not preventing them. DTC was formed to assist in the non-paper transfer of securities to facilitate the transfer of securities in a timely manner; it was not set up to allow ruthless brokers and others to carry out a naked short of securities in small companies that damages the very shareholders whose shares are deposited. If shareholders knew this, none of them would consent to have their shares in DTC. You now have DTC before you as a result of their request, and this is an opportune time to find out the extent of the naked shorts and what its role in these shorts is. All persons should have to deliver in three days! I imagine if naked shorts that have to be covered put a brokerage company under, that SIPIC gets involved, and the shareholders pay for it again as tax paying citizens. While we are reforming the securities laws, this problem of naked shorts needs to be resolved! One SEC Branch Manager told me that he believes these come from Canada as the brokerage laws are different; isn't it time we found out, and if it is from Canada, why don't we work with their agencies to stop it?! + +Thank you. + +File No. SR-DTC-2003-03 - Depository Trust and Clearing + +Corporation ("DTC") Request for Rule Change Regarding Withdrawal from DTC of Certificates by Issuers + +Dear Ms. McFarland + +This letter is in response to the above-mentioned request for rule change by the DTC with respect to Issuers seeking withdrawal of their certificates from DTC. I appreciate the opportunity to comment on this request. I am an attorney duly licensed and in good standing in the State of North Carolina, and my areas of practice are corporate law and + +federal securities law. In summary, **DTC should NOT be allowed to deny Issuers the right to withdraw their securities from the DTC system.The arrogance of the management of this "self-regulatory organization" of DTC is telling. DTC publicly announced in January that it had the right to prohibit Issuers from withdrawing from DTC, then in February DTC quietly goes to the SEC in an attempt to legitimize its pronouncement.** And this AFTER a number of companies have withdrawn from DTC with no objection from DTC, with none of the delaying tactics currently utilized by DTC. Why should DTC care if a few small OTC:Bulletin Board listed companies withdraw from DTC? Whom is DTC trying to protect? As the SEC is aware, numerous publicly traded companies, mostly OTC:Bulletin Board and NASDAQ listed companies (though an ever increasing number of AMEX and NYSE listed companies as well) have alleged and do allege that their securities are being manipulated by unscrupulous broker-dealers and market makers, either for clients or for their own pecuniary benefit. With due respect, while the SEC aggressively prosecutes cases of improper inflation or "pumping" of an issuer's securities,it seems that to date little is being done to combat manipulative trading in the other direction, namely manipulative downward pressure on the securities of issuers. In this I am referring, of course, to the phenomenon of "naked" short selling,better described as counterfeiting shares to sell into the market in violation of the registration requirements of The Securities Act of 1933, as amended. Issuers are doing what they can to stop this activity. One action many are attempting to take is to remove their securities from the DTC system, thus at least minimizing the incentive of these brokers (and the money behind them) and making it more difficult for them to manipulate their share prices. Why should DTC care if issuers take this action?More importantly, why should it be the right of DTC to decide who does and does not participate in DTC? **Note that DTC wants the rules to read that it can deny issuers from withdrawing even if the shareholders of the issuer approve it.** I quote: "Since this is a clarification of DTC's rules and procedures, DTC will continue to not honor Issuer Withdrawal Requests regardless of any purported approval of the Issuer Withdrawal Request by the shareholders or board of directors of the issuer." DTCclaims it is a clarification, but of course it is not. They also call it a proposed "rule change" (see first paragraph of DTC's submission),which is closer to the truth. This "self-regulatory" arrogance should not be permitted. + +Note also the comment of DTC that "The securities at issue generally became eligible for DTC services at the request, or for the convenience,of DTC's participants who wish to utilize DTC's book-entry transfer system. The subject securities are held by DTC for the benefit of its participants." No consideration is given to the Issuers, or their + +shareholders. Is DTC or is it not a voluntary organization? If so, should not the issuers subject to DTC be able to decide whether or not they are to be "volunteered"? After all, alternatives exist, such as X-clearing, or issuer or transfer agent book entry systems. Alternatives that do not lend themselves as quickly to market manipulation. I would + +wager that an independent audit of DTC's records would reveal that DTC does not even know who has what, or who has borrowed what from whom. Has an independent audit of DTC's holdings EVER been done by ANYONE? +I recently noticed a few "blew up my account" posts and wondered if my (rudimentary) stop loss calculator might help at least one person - perhaps someone newer to the game? + +I don't use it for every trade because if I know the stock relatively well, I should know where the likely support and resistance areas are to pick my own stop loss. + +However, I find the calculator takes the emotions out of setting the stop loss for day and swing trades that I'm not overly familiar with. + +I'm also aware some charting tools already have these types of calculators built-in, so this might not be helpful if you already have such a tool. + +I'm from the UK, so the calculator can be used for both UK and US stocks. + +**What indicator you need:** + +ATR (Average True Range) Indicator + +**What information you need:** + +* Your opening position +* What the ATR figure was at your opening position +* How conservative you wish to be with the stop loss (it seems to multiply by 2 is a common choice) + +I'm far from an old sweat when it comes to day trading, so if anyone sees this and thinks to themselves, "WTF is this. No good can come from using this calculator, and no idea how this dude hasn't blown up his account" then let me know, and I will delete the post. + +Here it is: [link](https://docs.google.com/spreadsheets/d/1pkIZeRuxvsptvaklUl_UYMP_0hs30OBGRQttl-X2K8E/edit?usp=sharing) + +&#x200B; + +Edit: I'm receiving a few requests for access to edit. I think (please correct me if I'm wrong) that it makes more sense if you copy the doc and then you can play around with it. Lmk if you have any issues. +Back in June I had to go to the ER for a bartholin cyst removal. The bill was about $7000. Due to it being a county hospital and not having any form of health insurance I qualified for some financial assistance and the bill was lowered to $3000 without me even asking for it. However $3,000 is still more than I can afford to pay. I'm already tight on finances without adding another monthly payment or wiping out my savings. Since I already got assistance how do I/can I negotiate a low monthly payment or settlement? + +Thanks personal finance! + +I just wanted to see what the general opinion would we be on this topic, if any one has an expertise please share. + +I’m in a ‘it’s complicated relationship’ (on-and-off) we both are young professionals that have recently moved in together, we both have separate finances and separate everything. +We both have our own deposit’s and we’re both looking at buying our own homes through the first buyers assistance scheme, +However one of those conditions of the FHBAS is; if you’re in a relationship you have to apply together. + +But this is my problem. We have separate everything and I like them a lot but not sure if I’d buy a place with them. + +Should we both separately buy our own place or wait a bit longer and see where this relationship goes and buy something together with our money. + +There is a bit of urgency with this as from the end of next year, I’ll earn over the threshold of the FHBAS and won’t be eligible. +Sorry if this is the wrong place to post this type of thing but here goes. + +On the 29th July, I ordered £500 of "FTSE Global all cap index fund accumulation" and £20 of "Global small-cap index fund accumulation". + +The £500 of All-cap went through perfectly, not a penny missing. For the £20 small-cap order however, only £19 of the £20 I got charged made it into my holdings. + +It charged me £20 for 0.05 units at £379.97/unit. The actual price for that amount should have been £18.998 (£19 rounded). + +At that price I should have been given 0.0526 units of small-cap. I know Vanguard can do accuracy that small since I currently have 2.9139 units of Global all-cap. + +I've checked in the "cash balance" section of my account and it is still at £0.00, so the missing cash hasn't been put there. It has just disappeared. + +I know this isn't really an issue at the scale of £1 missing, however, you have to realise that this is an entire 5% of that transaction that just disappeared. If I add £20 a month and each time £1 disappears, I'll be paying £12 a year that isn't in the fee statement and that I didn't agree to. + +I raised an issue with a support agent on the eighth of August, and they just said "it is being looked into". + +Any idea what might be going on with that transaction? +I'm 34 with no pension (well I have three, but none are even 4 figures) and trying to learn what all this is about. + +On my NI contributions page, it shows I have some years full and some not. I do know I need 30 years to get a basic state pension, which I imagine everyone wants. + +For the years that aren't full, I could pay anything from £70 to £700, depending on the year, to make it up. There's no rhyme or reason to me as to why some years aren't full and why some need more money than others. (I've been unemployed, a temp, part time, full time, but no pattern emerges to explain the values.) + +What's the best course of action? Pay the few years that only require £60, £90, and ignore the big whoppers? Ignore all of it because it doesn't matter? Try and pay 4 figures now because it'll just get worse? +I'm nearly sure this is a tactic of HF to distract from GME. Such an action shows us that the take off day is near. + +It makes totally sense from HF perspective. They pump RKT, earn some money and hope to have the chance to jump from the GME hook. + +We can't lose if we just HOLD and BUY, if we can afford. The squeeze is inevitable! + +I smell the fear of HF the nearer March 19th comes. It's a triple witchy day. A lot of options and futures will have their end date. HF have than 2 days to deliver whatever the option holder exercise. + +I HOLD! + +I BUY MORE!!! +I swapped $50 of ETH to USDC and ended up with a mere $18.73. + +Fucking fees. Had it on metamask and for fun I decided to see if I can put it in USDC so I can swap for shitcoins that only have USDC as trading pairs. + +Uniswap btw. I was stupid enough to overlook the gas fees. This is where the title of the OP comes in. + +Fees are literally slowing down adoption. Buy fees, sell fees, send fees, fees. + +Unless you have whale sized portfolios, Just HODL. I could of had more profit than from ETH than what I just did. The fees aren't worth it. +Hello + +Based in Manchester. I have recently been awarded a significant pay rise taking my gross salary from £44.5k to £65k from this month. I wanted to sense check what my plan is, advice welcome. + +Current management: + +Pension: I pay 5% though salary sacrifice and company 5% + +I current come out with £2,676 pm after the above and tax, this goes... + +Saving: I save around £400 per month into ISA + +Bills: Total bills are £1.6k all in, mortgage, car etc (this includes yearly expenses which I allocate for on a monthly basis) + +Spends: £600 into Monzo for my free spending. That maybe sounds a lot, this will include all purchases including food shopping, drinks and eating out, personal non essential buys (games, coffee machine, nice candle, etc etc) + +With the new salary of £65k I will avoid lifestyle creep, and intend to further push savings whilst keeping all same: + +Pension: increase my contribution from 5% to 11% (plus company 5% totals 16% pm contribution, or £800+) + +I will then come out with £3200+ per month + +So I planned on just upping the ISA contribution for the rest and keep everything else the same. + +Is this the best thing to do? Should I be doing this with the pension and ISA as I plan? Or is there a better medium term saving option + +Thanks + +TL;DR +Salary from 44.5k to 65k, upping pension from 10% total to 16%, ISA-ing the rest, wise? + + +Edit: + +Update. + +Following the great advice here and subsequent research, plus the realisation I have zero goals. I have decided that in the short term I will max out my pension payment to the amount that will bring me down to the basic rate tax band, this was I can get the additional tax relief (new pension will be 25% total pm, around 1625, I will have more than one provider). I will continue to do this until I am comfortable with my pension pot (life changes can mess this up) and then potentially look at changing the set up. + +I will still have an additional £400 per month after tax income, which ,combined with existing saving, I will pop into a (to be decided but better than existing) S&S ISA and/or up mortgage payments depending on the breakdown I want. Additionally I plan to add a little more to my leisure fund and buy some more candles or something. Chicks dig candles + + +Going to a dentist or a physician can really break the bank. A patient coming to see me (a dentist) in excessive pain without insurance can cost them $300-500 for an exam and an extraction (but I’m not an asshole so i ask them to pay for what they can and we workout a deal). + +For those in this kind of situation look for a local FQHC (Federally Qualified health centers). These are nonprofit community based healthcare centers that serve uninsured, Medicaid, Medicare, SCHIP, migrant, homeless, public housing and other public health patients. They are funded by the government specifically HRSA (the Health Resources and Service Administration). + +Just wanted to share this! I was actually a patient at a FQHC growing up and it definitely helped my family through tough times! + +Edit: Link to find a local FQHC thanks nip9- https://findahealthcenter.hrsa.gov/ + +Edit: schools (dental, chiropractic, PT... etc) can also be a good place to get cheaper and subsidized treatment! +So I own a bitcoin related business, and today I called up Unicredit Slovenia and asked if I could open a business bank account. That's the bank Bitstamp uses, so I reckon it would be handy to have an account there, to speed up deposits and withdrawals. + +Anyway, "What does your business do?", they asked. I mentioned I work with bitcoin. They stopped me in the middle of the sentence and gave me a resounding **no**. It is in their corporate policy that they do not open accounts for businesses working with bitcoin. I then mentioned that the world's biggest bitcoin exchange has account with them, the women just reiterated that their corporate policy is that they do not work with bitcoin, period. She didn't mince her words, her reaction was very clear. + +I was quite dumbfounded by this quite blunt reaction, so I asked her to check with her boss or something. After 15 minutes, she sent me an email saying "We are informing you that we are not prepared to enter into business relations with you." + +And that's it. Just like that. + +I'm not trying to conclude anything, and there's no moral of this story. I'm just venting out my frustration and sharing what I reckon could be an interesting piece of information: that Bitstamp's bank refuses to do business with bitcoin related firms. +Hi all. So the title says it. My 89 year old father has been hiding approximately 60K in debt. He became ill and so we are just now discovering the extent of it. The maddening part is that most of it is penalties, late fees, and interest, not the actual non-payment itself. He owes about 25K to Verizon, about 18K to the power company, a bunch to the town in property tax...My question is: is Chapter 13 bankruptcy the way to go? We don't want him to lose his house. Anyone had any luck negotiating with Verizon to forgive at least the penalties? I would say that about 20K of the 25K he owes is in "penalties" etc, which seems harsh to do to an old man. Dad claims now that he thought that once he died they wouldn't be able to come after us for the debt, but he wants us to have his house and we explained that his estate would be liable and we have no way to pay that amount of money off without selling the house. + +Any and all advice appreciated. +Hi! My engineer husband is being poached HARD by a startup company in Silicone Valley that he works with in his current position. A startup = instability in my mind, but this company did just land a hundreds of $$millions contract with a major national retailer, so signs are pointing to it being a successful startup anyway. + +My husband currently makes a $100k base salary with bonus potential up to $130k - he has been averaging around $115k annually. I am a SAHM 75% of the time to our 1.5 year old and am pregnant with our second. I do have a unique gig 25% of the time where I pull in about $40k annually. Unfortunately this gig is hyper-local so that income would be gone if we moved. + +Right now, we live in a medium COL Midwestern city - however I’d say our personal situation is low COL. We have no debt besides our mortgage, no daycare, we are able to max out our Roth’s each year, and my husband puts away about 12% into his 401(k). We bought a house 6 years ago, so although prices have skyrocketed in our neighborhood, our mortgage is very low as is our interest rate. In the last 2 years since he got his current job (after he graduated with his masters so it was a big jump), we’ve been able to save up a $25k emergency fund, create a $20k stock portfolio, started savings accounts for our kiddos, and sunk $50k into our house for necessary renovations (roof, windows, siding, furnace). + +During negotiations with this startup, he said he would need a base salary of at least $300k to make a move like that worth it for us. He found a cost of living calculator online and that’s the number it literally spit out. It would be compensating for our giant jump in cost of living, my loss of income entirely, and sweet enough to not be a lateral move for us, frankly. + +They told him he was crazy and that no engineers make that out there. The best they could do is a base salary in the high $100ks with another $100k of company shares, which if it IPOs eventually (not sure if I’m saying that right) could make us very wealthy. + +It’s tough because on one hand this job could by itself be a great thing with the shares aspect if it takes off, especially because he’d be getting in early. And it also could open up a ton of other opportunities for him - I mean it’s Silicone Valley and he’s an engineer. + +But he’s not a single guy, and we are very comfortable right now. It would be such a drastic change, especially considering our mortgage alone for an equivalent house out there would be 5x more. I don’t even know if the startup has a benefits package, and with a birth on the horizon plus two small children, that’s super important too. + +Is the answer here obvious? What would you do? + +Edited to add: I forgot this bit, but my husband currently works from home which we love love love having him around all the time. However working remotely would not be an option at the startup, so he’d be looking at a commute up to an hour each way every day which we don’t love + +Edited to add #2: wow, thank you so so much for all the input! I didn’t expect this to blow up so much and I really appreciate each and every point that’s been made. If you couldn’t already tell from the tone this post had, I’m personally not at all on board with this potential move, and the responses here have given me a lot of validation for feeling that way. I’ll be showing my husband this thread later and I know he will appreciate all the input too! + +Also LOL: between my pregnancy and my toddler my brain isn’t the most on point these days so thanks for the many reminders that Silicone is much different than Silicon! 🙃 +http://blogs.wsj.com/economics/2016/03/02/what-percent-are-you-2/ + +Interesting calculator that gives you a sense of where your income is in regards to the general population, but you can also drill down further by demographics. + +The highest income demographic seems to be Asian/white male Gen X'ers/Baby Boomers with an advanced degree, where you need an annual income of $600,000 to be in the 1%. On the flip side, if you are a Hispanic female millennial who didn't finish high school an income of $60,000 would be the 1%. An income of $310,000 would put you in the 1% of wage earners in 2014 not factoring in demographics. +I've been lucky enough to have a steady job for a long time now. After years and years of being in the workforce, life can start to feel rather monotonous and I find myself looking elsewhere for excitement. + +*Enter crypto.* + +The volatility of crypto seems to fill some sort of dopamine gap given that every day in crypto is a thrill ride. + +It's become apparent to me that since January I've lost focus on growing my career, and I have to fight the tendency to open crypto price charts or browse reddit every waking moment. + +Being involved in the community and paying close attention to every candle can be exciting, but the reality is that it can be extremely distracting and make you lose focus on what is the most surefire way of paying the bills... your career. + +I just wanted to toss out the reminder that, while we're all here to make money*, focusing on growing your career will pay dividends forever, and will ultimately enable you to invest larger sums of money into crypto in the long term. + +*I'm in it for the tech +If you had good cash to deploy now, name one or more of each of the following that you would avoid either because of fundamental reasons, bubble, recession, bad management, laws, anything: + +* Country (ex: China bubble or Greece/Russia/Brazil recession) + +* Sector (ex: Uranium, Coal, Oil & Gas etc) + +* Stock (ex: TWTR...DB...?) + +A few days ago I received an unexpected check for about 14 thousand dollars from the US Treasury (long story, tl;dr SS backpay), and it is currently sitting in my savings account. I leave for basic next month, my contract expires in July 2022 (3yr 22wk). I was thinking I should put this money into a cd or some other low-risk investment that I can also have access to once I am out, in case I need it. What do you guys think are some good options for me to consider? Thank you in advance! + +EDIT 2: Thank you all for the advice! +Am I screwed? The issue is that I plan on buying a house next spring, and I have a otherwise good credit score, and then i saw this $60 medical lab bill from a few months ago just hit my report (that was not covered by insurance). + +I called the original company and the collection agency, and they both said they can mark it as paid, but it will still be on my credit report. Am i fucked when i try to get a mortgage next year over such a small bill? Should I pay the bill in full today? + +&#x200B; + +I've never missed a payment for my credit history (3 years). + +&#x200B; + +Thanks. +So I had truebill for a while but because I do 99% of my own bill negotiation I forgot all about it, until today customer service at Verizon told me that someone called saying THEY WERE ME, and asked how much my bill was and if there were any specific discounts available. The customer service rep thought it was odd and tried to verify their identity and the person lied about my husband just stepping out and not having access to a computer or whatever to verify their identity. Then they must've hung up on the rep. THANKFULLY the rep called me back and told me all of this so we reported it as fraud because negotiating on my behalf is one thing, but calling and LYING that you are me, is a whole other level of icky I'm not paying anyone to do. I haven't seen anyone else have this experience so I thought I would share. I immediately deleted my account with them. Honestly, if that customer service rep hadn't thought something was fishy I would've never known that's how they do their "negotiations" with your billers. Also the reason I am very positive that it was Truebill is because while I was on the phone with the customer service rep, I received one of those emails talking about how it appears that I have the lowest rate available at Verizon right now...\*eye roll\* + +I mean that's hella creepy right??? And yes, I know we give them our acct numbers and info and whatnot to negotiate but I was always under the assumption that they were letting the companies know they were an authorized third party. Like what's stopping one of their negotiators from literally ordering tons of stuff on my account and me having no way of verifying that it WASN'T me? Idk that was just too weird for me so Truebill is getting an F- from me. + +Plus for anyone who is just getting the service or contemplating it still, i have had it over 2-3 years now and they've only ever "saved" me money once. And instead of actually getting me a year's worth of savings like they said, they only got a month's promotion. Yet they swiftly took 40% of what was the supposed ANNUAL savings amount. 100 TRASH. +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 +I've been lurking stocks for a year but only opened an account about two months ago. I'm in this really weird mindset where I feel like a new "EV or Disruptive Innovation" stock is brought up everyday that will be the next TSLA. I've always had FOMO. + +As of now my buying power is almost always out because I'm always investing in more stocks. This is a bad cycle because then I see another stock and another stock I missed out on etc. + + +Do I need to just take a step back for a bit with a better mindset? I enjoy stocks but I hate this mindset. +This is a quick overview of [$ROKU](https://mobile.twitter.com/search?q=%24ROKU&src=cashtag_click) and will cover why I am bullish on the stock and why I think it has the potential to be a 5X multi-bagger (or even beyond that) over the next 3-5 years (even at a current market cap of 60b$). ...(continued in this thread) + +Roku themselves isn’t a big threat to Netflix [$NFLX](https://mobile.twitter.com/search?q=%24NFLX&src=cashtag_click) or Disney, [$DIS](https://mobile.twitter.com/search?q=%24DIS&src=cashtag_click) at least for now. Roku does produce some small series, but they don’t compete directly with other streaming services. In fact, they compete with a totally different group of companies. + +They compete with other operating systems for TVs like AppleTV, ChromeOS, FireTV. ROKU is a unique Platform/OS just focused on TVs. Own the platform, and you control everything. + +Think of them as an advertising platform like Facebook or YouTube but with the power of AppleOS and the App Store. + +Think about where most ad revenue is placed. Normally Facebook & Google capture most of the Revenue. However, things got more difficult since advertisers must deal with the new Apple privacy regulations when the ad is placed within the Apple ecosystem. + +Here Roku presents its unique possibility for massive adoption among advertisers. Roku offers a unique OS for TVs enabling Roku to sell targeted, personalized ads to advertisers. + +Primarily Roku makes money on their displayed ads, which are shown on their 20,000 Roku Channels. Developers can create channels on Roku for free, making it easy to grow to the number of channels available. Once a channel gets enough traction, it will be monetized. + +Secondly, Roku knows their customers and enables a more unique possibility for advertisers to show personalized targeted ads, compared to traditional TV where the customer is mostly unknown. + +Thirdly, Roku gets a cut on every subscription placed over the RokuOS. Just like Apple gets a cut from every app you pay for… Own the platform, and you control everything. + +Roku recently acquired Quibi for a fraction of a price. Roku paid less than $100 million for global rights to 75-plus Quibi shows. It’s a super successful acquisition for Roku, having a wide library and a unique selling point. You can watch those shows for free by the way. + +How fast is Roku growing? The annual percent growth rate of Roku users grew from Q1 2017 to Q1 2021 is at an impressive rate of 92.48% per year. (Source Statista ) + +The Worldwide, demand for free TV content is massive. [$ROKU](https://mobile.twitter.com/search?q=%24ROKU&src=cashtag_click) is aggressively expanding internationally and is being integrated into more TV's globally as we speak. Roku captures a unique opportunity for the global go-to Operating System on TVs. + +As the No. 1 TV streaming platform in the U.S. (based on hours streamed) I am excited about the road ahead. I feel [$ROKU](https://mobile.twitter.com/search?q=%24ROKU&src=cashtag_click) has a bright future ahead, given the enormous opportunity it unfolds as the go-to OS for TVs. + +This is not financial advice, please do your own due diligence. Feel free to repost so WAGMI! +With the small spike in GME (and AMC to lesser extent), it's clear that people are anticipating short interest is still going to be high. Whether or not that will be the truth (or even if the FINRA numbers will be reliable) is another story. + + +Regardless, the astroturfing and narrative control efforts will be strong, especially if the SI numbers ARE high. For now, just wait, buy, and hold if you're confident in GME. Not financial advice. + +Position: 60@77 GME + + +Edit: Also, SI numbers have NOT been updated yet, so just be patient. 6pm EST seems to be the "expected" time. Those people linking or saying 226.42 SI are wrong, those numbers are not updated and are old. + +Just be patient folks. As has always been since the beginning of the GME ventures, there's a lot of money to be gained or lost on either "side", so just remain vigilant use your logic (not emotions) when deciding to buy/sell/hold. +How does anyone make money selling cash covered puts? + +Seems like even if you had 20k to sell cash covered puts it ties up so much capital for so little premium that the funds would be better elsewhere? +What are some dumb strategies or strategies that seem counter intuitive that actually generates a return. + + +My dumb strategy is when I see a stock tank hard I put money into it as soon as I can. About 80% of the time it regains about 5% - 10% of its value within the next week or two then I sell when I am content with the profits and I move on to the next set of stocks. In the past 6 months I have turned just under 5k into just over 18k. +[DTCC Twitter](https://twitter.com/The_DTCC) + +[Today I ask:](https://twitter.com/Jabarumba/status/1541778951022190593) .@The_DTCC If the #DTCC can waive collateral requirements for members to save a broker (and retail), can DTCC also waive requirements such as shorts needing to provide timely dividends, stock or cash? Will DTCC allow free market to determine $GME price? + +/u/elegant-remote6667 +After like 6 months of just crabbing and bleeding a lot. We are finally picking up some pace. And a what a pace that is. Before that always BTC went up and we thought the rally is about to start. But this time we got the real indicators going up. The famous ADA and VET stablecoins are on the rise! + +I mean seriously what was the last time we saw ADA making double digit gains nearly everyday and goddamn VET pump 30% in one day. Other Cryptos pump double digits nearly every second week or so. That's nothing special and does not mean anything at all. + +And if we are all lucky we may be going on such a MASSIVE rally that ADA would be capable of regaining its stablecoin status at 1.20$ and VET its stable coin status at 0.11$. Buckle up everyone we are in for a helluva crazy ride. +Thanks to everyone who helped with our last topic: "Budget Templates" + +In continuation of our communal wiki build, today I would like to know: "**What do you want people to know about the food stamp program?**" + +I will post tables in the wiki with income guidelines and maximum/minimum benefit information, but I want additional information that is helpful for people in poverty. What should they know about the program? + +As a reminder, **I'm posting a topic on Tuesdays, Thursdays, and Saturdays and soliciting advice from the community.** I'll take your suggestions and build them into a wiki page for each topic. Once we've built up a foundation we'll go live with the wiki and I'll solicit feedback for additional topics/gaps to fill. + +Check back frequently-- even if you aren't experienced with the current topic there will be some that you can likely contribute to in the future. + +Thanks again for helping improving our community. +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. +HDFL is a community-run token created for the Crypto Community, that will be powering a cell phone application allowing users to screen for various forms of nefarious coding and potential "Rug pulls", all while ever increasing in value with a 10% burn on every buy and sell transaction. + +&#x200B; + +Confirmed use cases: + +\-Rug-screener + +\-DoxxLocker © + +&#x200B; + +Imminent: + +\-Tiktok partnerships + +\-Frequent Reddit posts + +* Devs in voice chat daily (10pm Eastern) + +\-IRL networking + +\-Merch and much much more. + +&#x200B; + +CoinGecko listing expected ANY moment now. Representatives have confirmed. + +&#x200B; + +Please check out the Hyper Deflate Website - [www.HyperDeflate.com](http://www.hyperdeflate.com/) + +&#x200B; + +Background: + +HyperDeflate was born as a result of two things: frustration and empathy; a weird combination. Two investors, the founding developer team, became overwhelmed by the amount of nefarious activity occurring in the crypto space. It seemed as though there were very few safe investments, where developers were genuine and transparent. The need for the HyperDeflate token ($HDFL) was born. Now, the core dev team is up to 6 members with distinct roles, and 8+ others who have kindly offered help across social platforms. + +Not so much the final straw, as the final rug. Losing well over 5 figures USD each, MG and Ed took matters into their own hands and conceived the first iteration of Hyper Deflate. The idea was to bring a breath of fresh air to the BSC market, in the form of transparency, honesty, and willingness to work until the project affected material positive change for the BSC markets. + +The world was then ready to learn of Hyper Deflate. Launching a website, social profiles and a telegram channel, the collective interest for Hyper Deflate started to grow. In a matter of 6 days, the group grew to and quickly surpassed 500 members, the threshold for the presale release. No bots, no shillers, just word of mouth, a tiktok partnership and a couple of Reddit posts, and as promised, the 12 hour countdown began. + +The token was completed and ready to deploy, however rather than rush the process, Ed and MG deployed the contract on a test coin to ensure they were entirely familiar with the process before launch. The focus was launching the project once, and launching it right! + +Contract was renounced right before the launch to ensure that the development team or anyone else could not re-write the token's contract. + +&#x200B; + +Progress Update: Tokens Burned Since Launch - 27.42% + +CMC application submitted + +Free-to-enter giveaways launched worth over $1,000 + +Use cases confirmed and in development + +Coinhunt listing + +Airdrop to 4000 new holders + +Plenty more in the works however HDFL will only ever underpromise, and over deliver + +&#x200B; + +TG: [https://t.me/hyperdeflate](https://t.me/hyperdeflate) + +BSCscan address: [https://bscscan.com/token/0x0b4922132ec425806fd8aee94b5788f9b70d60ca?a=0xba3cfd32ce3948584223a44b65e965d8c4711865](https://bscscan.com/token/0x0b4922132ec425806fd8aee94b5788f9b70d60ca?a=0xba3cfd32ce3948584223a44b65e965d8c4711865) + +Ownership Renounced Link: [https://bscscan.com/tx/0xb4f594a5f446f99d7071f801a9558788fe8909a8c8c018c0ef359c8a662ae5ee](https://bscscan.com/tx/0xb4f594a5f446f99d7071f801a9558788fe8909a8c8c018c0ef359c8a662ae5ee) + +Liquidity Lock:[https://dxsale.app/app/pages/defipresale?saleID=2440&chain=BSC](https://dxsale.app/app/pages/defipresale?saleID=2440&chain=BSC) + +What it all boils down to degens is this, check out the whitepaper and decide for yourself: [https://db70102c-bf65-41f3-abcf-4a0026b2dbdd.filesusr.com/ugd/8fd214\_5df2baf7d4184a7daffbe07328d2d2d9.pdf](https://db70102c-bf65-41f3-abcf-4a0026b2dbdd.filesusr.com/ugd/8fd214_5df2baf7d4184a7daffbe07328d2d2d9.pdf) + +&#x200B; + +With a desire to be impactful and useful, HDFL is not your typical “meme coin.” The HDFLleadership intends on utilizing the token platform, to develop a cell phone based application, which will allow users to screen for various forms of nefarious coding and potential “rug pulls.” Access to this unique application, will be available for purchase only with HDFL. Additional funding will be raised for proper development of the application and a screening process will take place for the application developer, to ensure alignment with the group’s values. The subscription service will afford HDFL the luxury of being a revenue generating service, whereby reinvestment in the token will take place. +&#x200B; + +**Why it will have chance to become 100mln market cap within coming weeks?** + +SyncFab is where OEM Parts Buyers GET MADE and Parts Suppliers GET PAID. + +SyncFab works with OEM IT Departments whose aim is to secure more of their supply chain data with blockchain for ERP module and internal reporting system integration. OEM IT Departments can use their procurement activity blockchain records SyncFab generates to complete a Turnkey Supply Chain Blockchain Proof of Concept, Custom Use Case Pilot or Program Implementation. Furthermore — SyncFab’s patent pending parts procurement tokenization solution can be used to mitigate product fraud — isolate recall cost and time using blockchain track and trace feature technology at a fraction of the cost. Finally, OEM IT and Financial departments can partner to use the industry first MFG Manufacturing Token to create custom smart contract and supplier incentive programs such as RFQ and data sharing rewards. + +**How we work?** + +(General): [https://youtu.be/G5pNgBFPSjU](https://youtu.be/G5pNgBFPSjU) + +(OEM Parts Tokenization): [https://youtu.be/no9B86UfD0E](https://youtu.be/no9B86UfD0E) + +&#x200B; + +**Let's now dive deeper into their partnerships.** + +**International Traffic in Arms Regulations (ITAR)** is a United States regulatory regime to restrict and control the export of defense and military related technologies to safeguard U.S. national security and further U.S. foreign policy objectives. + +SyncFab is a registered member of ITAR which means that SyncFab is allowed to be used by entities connected strictly to US Government and Military industry. Official registration letter can be found under: + +[https://syncfab.com/SyncFab-ITAR-Registration.pdf](https://syncfab.com/SyncFab-ITAR-Registration.pdf) + +&#x200B; + +**The Enterprise Ethereum Alliance** As a member of The EEA, SyncFab will collaborate with industry leaders in pursuit of Ethereum-based enterprise technology best practices, open standards, and open-source reference architectures. SyncFab joined Enterprise Ethereum Alliance to collaborate with leading manufacturers and government initiatives on the architecture and deployment of enterprise blockchain solutions to support the vision of Industry 4.0 through the SyncFab platform. Other prominent members include Accenture, AMD, BP, Cisco, Deloitte, Hewlett Packard Enterprise, Intel, MasterCard, Microsoft, Pfizer, and many more. + +“Commenting on the Company’s EEA membership Jeremy Goodwin Manufacturing Blockchain Supply Chain Founder | Forbes Business Council | Executive Board Director & Advisor, SyncFab Founder and CEO, said: + +*“The EEA is comprised of many of the best minds, and forward thinking business people and technologists from throughout the blockchain industry. Our EEA membership provides unlimited opportunity to raise our profile as a blockchain leader while networking and collaborating with many of the finest leaders in this exciting and disruptive space.”* + +&#x200B; + +**NTMA** connects our members in The U.S. Precision Manufacturing Industry. We provide opportunities that leverage their collective experiences and ingenuity to improve the capabilities of all members through the accelerated adoption of tools, technologies, and best practices. Speaking and acting with one voice, we advocate for our industry and provide learning resources for our members. + +Announced a strategic partnership with The National Tooling and Machining Association (NTMA). The new relationship will grant access to SyncFab’s advanced manufacturing blockchain platform to ANTMA members across the United States. As the national representative of the precision custom manufacturing industry, members generate more than $30 billion in sales combined. + +&#x200B; + +**MOBI** is a nonprofit foundation formed to accelerate the adoption and to promote standards in blockchain, distributed technologies for the benefit of the mobility industry, consumers, and communities + +As a member of MOBI, SyncFab will collaborate with industry leaders in pursuit of the creation of a minimum viable ecosystem that aims to standardize blockchain and related technologies to bring transparency and trust to the industry, consumers, and communities and reduce frictions and transaction costs in mobility. Led by a team of industrial supply chain technology practitioners in Aerospace, Automotive and ERP - SyncFab is a lead industry pioneer developing Blockchain applications for Decentralized Precision Manufacturing Supply Chain Management. + +&#x200B; + +**So why all the above is so big deal for $MFG token and whole ecosystem?** + +SyncFab is released anticipated feature following many months of development and a 2018 provisional patent filing. SyncFab is the first to combine distributed ledger tokenization technology with an operational distributed manufacturing supplier network enabling parts tokenization right at their point of production. In 2020 Aerospace and Automotive OEM IT Departments and Purchase Managers can now begin Tokenizing their precision hardware part supply chains right at their point of production using SyncFab’s Manufacturing Blockchain Network! This recently released upgrade to our platform provides hardware and OEM parts buyers and their suppliers the opportunity to manufacture parts with a number of new capabilities in SyncFab’s Manufacturing Blockchain which is paving the way for commercialized Hardware and OEM Parts Tokenization with many in the industry taking notice. It is our aim with the release of this exciting new feature to demonstrate how blockchain adds value bringing greater transparency and streamlining inefficiencies in the industrial manufacturing industry. + +MFG (token) an abbreviation of ManuFacturinG, is a utility token which serves as a fuel for the SyncFab ecosystem. It's an entry ticket into the services and features SyncFab Manufacturing Blockchain platform offers. + +&#x200B; + +**Use cases within the platform:** + +A fee for sending RFQs in the SyncFab Platform is paid in MFG token, whereas SyncFab plans to use their MFG Tokens to reward manufacturers who place faster bids and price more competitive (lower-priced) quotes. Every RFQ created will be listed as an auction, attached with a MFG Token reward to the manufacturers for their bidding efforts. Once an auction is over, the winner takes 50% of token rewards, 20% of token rewards goes to second and third top bidder each and 10% is recycled into Loyalty pool + +Similarly, a manufacturer can also add tokens to their quote. This can technically be viewed as a discount that is paid to purchaser if the offering manufacturer is selected as a winner. + +Other MFG paid incentives can be quick responses, quality deliverables, customer loyalty or even data sharing can be incentivized with MFG token. Starting from May 20th 2020, SyncFab will be offering webinars to NTMA members explaining how to use the platform and how to qualify for MFG token incentive programs. + +MFG token is needed to create MFGPRT token (=to tokenize parts as ERC721 NFT). A screenshot of SyncFab platform from the article announcing launch of tokenization technology suggests tokenization of one part costs 100MFG tokens. Please note this number was not stated officially and might not be accurate. However, if you consider a single car averages of 30,000 parts and an aeroplane averages of 2,000,000 individual parts, that's a lot of parts to be tokenized. + +MFG Smart Contracts can automate payments based on custom triggers, such as goods arriving or passing inspection. + +There is a fee in MFG added to final purchase orders transacted within the ecosystem. The transaction fee is paid for by the purchasers on top of the quoted price. + +&#x200B; + +**Tokenomics** + +Max supply in the token sale: 1 000 000 000 MFG + +Current max supply: 868 459 136 MFG (unsold tokens were burned) + +Circulating supply: 204 250 946 MFG + +&#x200B; + +**Token distribution** + +Token sale: 30% + +Partnership adoption pool: 30% + +SyncFab tech development: 15% + +Founding team and bounty: 10% + +Smart MFG tech LTD: 15% + +&#x200B; + +**MFG Rank**:588 + +**Marketcap:** $1,448,145 + +**Available Supply**: 184,577,750 + +**Max Supply:** 868,459,135 + +**USD:** $0.0079 + +&#x200B; + +**Website:** [**https://syncfab.com**](https://syncfab.com) + +**Medium:** [**https://medium.com/syncfabmfg**](https://medium.com/syncfabmfg) + +**Twitter:** [**https://twitter.com/syncfab**](https://twitter.com/syncfab) + +**Facebook:** [**https://www.facebook.com/syncfab**](https://www.facebook.com/syncfab) + +**Linkedin:** [**https://www.linkedin.com/company/syncfab**](https://www.linkedin.com/company/syncfab) + +**YouTube:** [**https://www.youtube.com/syncfab**](https://www.youtube.com/syncfab) + +&#x200B; + +**TELEGRAM** + +**Smart MFG (Main):** [**https://t.me/syncfab**](https://t.me/syncfab) + +**Smart MFG (Announcements):** [**https://t.me/mfg\_announcements**](https://t.me/mfg_announcements) + +**Where to purchase MFG** + +**CoinGecko:** [**https://www.coingecko.com/en/coins/syncfab#markets**](https://www.coingecko.com/en/coins/syncfab#markets) + +**CoinMarketCap:** [**https://coinmarketcap.com/currencies/syncfab/#markets**](https://coinmarketcap.com/currencies/syncfab/#markets) + +&#x200B; + +**How to add MFG token to Wallet** + +[**https://medium.com/@SyncFab/how-to-add-mfg-tokens-to-your-myetherwallet-display-balance-f36eb31a2813**](https://medium.com/@SyncFab/how-to-add-mfg-tokens-to-your-myetherwallet-display-balance-f36eb31a2813) + +**Here are some rather interesting articles:** + +**SyncFab pending patents. 1, 2, 3** + +[**https://trea.com/information/87928296---supply-chain-blockchain/trademark/cfdf4502-5f5a-4cd0-98d6-559086e3d598**](https://trea.com/information/87928296---supply-chain-blockchain/trademark/cfdf4502-5f5a-4cd0-98d6-559086e3d598) + +[**https://trea.com/information/87920865---syncfab-manufacturing-blockchain/trademark/b97cc69f-d497-4d98-adbf-9e822b413044**](https://trea.com/information/87920865---syncfab-manufacturing-blockchain/trademark/b97cc69f-d497-4d98-adbf-9e822b413044) + +[**https://trea.com/information/87920879---manufacturing-blockchain/trademark/eb22a6fa-7f6d-4301-bc1e-db847d1e6b1f**](https://trea.com/information/87920879---manufacturing-blockchain/trademark/eb22a6fa-7f6d-4301-bc1e-db847d1e6b1f) + +&#x200B; + +**The World’s First Peer-to-Peer Manufacturing Supply Chain on Blockchain** + +[**https://www.chipin.com/syncfab-ico-blockchain-p2p-manufacturing-supply/**](https://www.chipin.com/syncfab-ico-blockchain-p2p-manufacturing-supply/) + +**Nasdaq article about Syncfab bringing manufacturing capabilities back to USA** + +[**https://www.nasdaq.com/articles/industrial-revolution-40-creating-jobs-decentralized-manufacturing-2018-02-22**](https://www.nasdaq.com/articles/industrial-revolution-40-creating-jobs-decentralized-manufacturing-2018-02-22) + +**SyncFab’s response to COVID19 pandemic shocks to supply chain** + +[**https://blog.syncfab.com/covid-19-coronavirus-supply-chain-shock-solution**](https://blog.syncfab.com/covid-19-coronavirus-supply-chain-shock-solution) + +**10 Blockchain Benefits for Supply Chain Management by Syncfab** + +[**https://blog.syncfab.com/blockchain-for-supply-chain-management**](https://blog.syncfab.com/blockchain-for-supply-chain-management) + +**Forbes article on outdated supply chains with an idea how an ideal solution should look like (almost describing SyncFab btw)** + +[**https://www.forbes.com/sites/daveevans/2020/02/18/coronavirus-shows-supply-chains-outdated/#3e67a316efd9**](https://www.forbes.com/sites/daveevans/2020/02/18/coronavirus-shows-supply-chains-outdated/#3e67a316efd9) + +**Forbes article on 5 Use Cases Proving Blockchain Can Have A Massive Impact On The Manufacturing Industry. Mentions SyncFab as well** + +[**https://www.forbes.com/sites/andrewarnold/2018/09/29/5-use-cases-proving-blockchain-can-have-a-massive-impact-on-the-manufacturing-industry/#3f02feff5d8c**](https://www.forbes.com/sites/andrewarnold/2018/09/29/5-use-cases-proving-blockchain-can-have-a-massive-impact-on-the-manufacturing-industry/#3f02feff5d8c) + +**Deloitte article on Blockchain in the Automotive Industry** + +[**https://www2.deloitte.com/cn/en/pages/consumer-business/articles/blockchain-in-the-automotive-industry.html**](https://www2.deloitte.com/cn/en/pages/consumer-business/articles/blockchain-in-the-automotive-industry.html) + +**Deloitte study on Accelerating technology disruption in the automotive market** + +[**https://www2.deloitte.com/content/dam/Deloitte/cn/Documents/consumer-business/deloitte-cn-consumer-blockchain-in-the-automotive-industry-en-180809.pdf**](https://www2.deloitte.com/content/dam/Deloitte/cn/Documents/consumer-business/deloitte-cn-consumer-blockchain-in-the-automotive-industry-en-180809.pdf) + +**Takata recalls 10 million air bag inflators — part of largest auto recall in U.S. history** + +[**https://www.marketwatch.com/story/takata-recalls-10-million-air-bag-inflators-part-of-largest-auto-recalls-in-us-history-2020-01-08**](https://www.marketwatch.com/story/takata-recalls-10-million-air-bag-inflators-part-of-largest-auto-recalls-in-us-history-2020-01-08) + +**FAA says more than 300 Boeing 737 jets may have faulty wing parts** + +[**https://www.cnbc.com/2019/06/02/boeing-notifies-faa-of-737-max-parts-that-may-be-susceptible-to-failure.html**](https://www.cnbc.com/2019/06/02/boeing-notifies-faa-of-737-max-parts-that-may-be-susceptible-to-failure.html) + +**The 10 Biggest Recalls of 2019** + +[**https://www.cars.com/articles/the-10-biggest-recalls-in-2019-416480/**](https://www.cars.com/articles/the-10-biggest-recalls-in-2019-416480/) + +**The 10 Biggest Car Recalls of all time** + +[**https://www.osv.ltd.uk/listings\_portfolio/10-biggest-car-recalls-history**](https://www.osv.ltd.uk/listings_portfolio/10-biggest-car-recalls-history/) + +&#x200B; + +***All credits for tokenomics and articles section goes to Nitramydes:*** + +[***https://medium.com/@NitroNode/syncfab-manufacturing-blockchain-197aad91a5cd***](https://medium.com/@NitroNode/syncfab-manufacturing-blockchain-197aad91a5cd) +&#x200B; + +**Why it will have chance to become 100mln market cap within coming weeks?** + +SyncFab is where OEM Parts Buyers GET MADE and Parts Suppliers GET PAID. + +SyncFab works with OEM IT Departments whose aim is to secure more of their supply chain data with blockchain for ERP module and internal reporting system integration. OEM IT Departments can use their procurement activity blockchain records SyncFab generates to complete a Turnkey Supply Chain Blockchain Proof of Concept, Custom Use Case Pilot or Program Implementation. Furthermore — SyncFab’s patent pending parts procurement tokenization solution can be used to mitigate product fraud — isolate recall cost and time using blockchain track and trace feature technology at a fraction of the cost. Finally, OEM IT and Financial departments can partner to use the industry first MFG Manufacturing Token to create custom smart contract and supplier incentive programs such as RFQ and data sharing rewards. + +**How we work?** + +(General): [https://youtu.be/G5pNgBFPSjU](https://youtu.be/G5pNgBFPSjU) + +(OEM Parts Tokenization): [https://youtu.be/no9B86UfD0E](https://youtu.be/no9B86UfD0E) + +&#x200B; + +**Let's now dive deeper into their partnerships.** + +**International Traffic in Arms Regulations (ITAR)** is a United States regulatory regime to restrict and control the export of defense and military related technologies to safeguard U.S. national security and further U.S. foreign policy objectives. + +SyncFab is a registered member of ITAR which means that SyncFab is allowed to be used by entities connected strictly to US Government and Military industry. Official registration letter can be found under: + +[https://syncfab.com/SyncFab-ITAR-Registration.pdf](https://syncfab.com/SyncFab-ITAR-Registration.pdf) + +&#x200B; + +**The Enterprise Ethereum Alliance** As a member of The EEA, SyncFab will collaborate with industry leaders in pursuit of Ethereum-based enterprise technology best practices, open standards, and open-source reference architectures. SyncFab joined Enterprise Ethereum Alliance to collaborate with leading manufacturers and government initiatives on the architecture and deployment of enterprise blockchain solutions to support the vision of Industry 4.0 through the SyncFab platform. Other prominent members include Accenture, AMD, BP, Cisco, Deloitte, Hewlett Packard Enterprise, Intel, MasterCard, Microsoft, Pfizer, and many more. + +“Commenting on the Company’s EEA membership Jeremy Goodwin Manufacturing Blockchain Supply Chain Founder | Forbes Business Council | Executive Board Director & Advisor, SyncFab Founder and CEO, said: + +*“The EEA is comprised of many of the best minds, and forward thinking business people and technologists from throughout the blockchain industry. Our EEA membership provides unlimited opportunity to raise our profile as a blockchain leader while networking and collaborating with many of the finest leaders in this exciting and disruptive space.”* + +&#x200B; + +**NTMA** connects our members in The U.S. Precision Manufacturing Industry. We provide opportunities that leverage their collective experiences and ingenuity to improve the capabilities of all members through the accelerated adoption of tools, technologies, and best practices. Speaking and acting with one voice, we advocate for our industry and provide learning resources for our members. + +Announced a strategic partnership with The National Tooling and Machining Association (NTMA). The new relationship will grant access to SyncFab’s advanced manufacturing blockchain platform to ANTMA members across the United States. As the national representative of the precision custom manufacturing industry, members generate more than $30 billion in sales combined. + +&#x200B; + +**MOBI** is a nonprofit foundation formed to accelerate the adoption and to promote standards in blockchain, distributed technologies for the benefit of the mobility industry, consumers, and communities + +As a member of MOBI, SyncFab will collaborate with industry leaders in pursuit of the creation of a minimum viable ecosystem that aims to standardize blockchain and related technologies to bring transparency and trust to the industry, consumers, and communities and reduce frictions and transaction costs in mobility. Led by a team of industrial supply chain technology practitioners in Aerospace, Automotive and ERP - SyncFab is a lead industry pioneer developing Blockchain applications for Decentralized Precision Manufacturing Supply Chain Management. + +&#x200B; + +**So why all the above is so big deal for $MFG token and whole ecosystem?** + +SyncFab is released anticipated feature following many months of development and a 2018 provisional patent filing. SyncFab is the first to combine distributed ledger tokenization technology with an operational distributed manufacturing supplier network enabling parts tokenization right at their point of production. In 2020 Aerospace and Automotive OEM IT Departments and Purchase Managers can now begin Tokenizing their precision hardware part supply chains right at their point of production using SyncFab’s Manufacturing Blockchain Network! This recently released upgrade to our platform provides hardware and OEM parts buyers and their suppliers the opportunity to manufacture parts with a number of new capabilities in SyncFab’s Manufacturing Blockchain which is paving the way for commercialized Hardware and OEM Parts Tokenization with many in the industry taking notice. It is our aim with the release of this exciting new feature to demonstrate how blockchain adds value bringing greater transparency and streamlining inefficiencies in the industrial manufacturing industry. + +MFG (token) an abbreviation of ManuFacturinG, is a utility token which serves as a fuel for the SyncFab ecosystem. It's an entry ticket into the services and features SyncFab Manufacturing Blockchain platform offers. + +&#x200B; + +**Use cases within the platform:** + +A fee for sending RFQs in the SyncFab Platform is paid in MFG token, whereas SyncFab plans to use their MFG Tokens to reward manufacturers who place faster bids and price more competitive (lower-priced) quotes. Every RFQ created will be listed as an auction, attached with a MFG Token reward to the manufacturers for their bidding efforts. Once an auction is over, the winner takes 50% of token rewards, 20% of token rewards goes to second and third top bidder each and 10% is recycled into Loyalty pool + +Similarly, a manufacturer can also add tokens to their quote. This can technically be viewed as a discount that is paid to purchaser if the offering manufacturer is selected as a winner. + +Other MFG paid incentives can be quick responses, quality deliverables, customer loyalty or even data sharing can be incentivized with MFG token. Starting from May 20th 2020, SyncFab will be offering webinars to NTMA members explaining how to use the platform and how to qualify for MFG token incentive programs. + +MFG token is needed to create MFGPRT token (=to tokenize parts as ERC721 NFT). A screenshot of SyncFab platform from the article announcing launch of tokenization technology suggests tokenization of one part costs 100MFG tokens. Please note this number was not stated officially and might not be accurate. However, if you consider a single car averages of 30,000 parts and an aeroplane averages of 2,000,000 individual parts, that's a lot of parts to be tokenized. + +MFG Smart Contracts can automate payments based on custom triggers, such as goods arriving or passing inspection. + +There is a fee in MFG added to final purchase orders transacted within the ecosystem. The transaction fee is paid for by the purchasers on top of the quoted price. + +&#x200B; + +**Tokenomics** + +Max supply in the token sale: 1 000 000 000 MFG + +Current max supply: 868 459 136 MFG (unsold tokens were burned) + +Circulating supply: 204 250 946 MFG + +&#x200B; + +**Token distribution** + +Token sale: 30% + +Partnership adoption pool: 30% + +SyncFab tech development: 15% + +Founding team and bounty: 10% + +Smart MFG tech LTD: 15% + +&#x200B; + +**MFG Rank**:588 + +**Marketcap:** $1,448,145 + +**Available Supply**: 184,577,750 + +**Max Supply:** 868,459,135 + +**USD:** $0.0079 + +&#x200B; + +**Website:** [**https://syncfab.com**](https://syncfab.com) + +**Medium:** [**https://medium.com/syncfabmfg**](https://medium.com/syncfabmfg) + +**Twitter:** [**https://twitter.com/syncfab**](https://twitter.com/syncfab) + +**Facebook:** [**https://www.facebook.com/syncfab**](https://www.facebook.com/syncfab) + +**Linkedin:** [**https://www.linkedin.com/company/syncfab**](https://www.linkedin.com/company/syncfab) + +**YouTube:** [**https://www.youtube.com/syncfab**](https://www.youtube.com/syncfab) + +&#x200B; + +**TELEGRAM** + +**Smart MFG (Main):** [**https://t.me/syncfab**](https://t.me/syncfab) + +**Smart MFG (Announcements):** [**https://t.me/mfg\_announcements**](https://t.me/mfg_announcements) + +**Where to purchase MFG** + +**CoinGecko:** [**https://www.coingecko.com/en/coins/syncfab#markets**](https://www.coingecko.com/en/coins/syncfab#markets) + +**CoinMarketCap:** [**https://coinmarketcap.com/currencies/syncfab/#markets**](https://coinmarketcap.com/currencies/syncfab/#markets) + +&#x200B; + +**How to add MFG token to Wallet** + +[**https://medium.com/@SyncFab/how-to-add-mfg-tokens-to-your-myetherwallet-display-balance-f36eb31a2813**](https://medium.com/@SyncFab/how-to-add-mfg-tokens-to-your-myetherwallet-display-balance-f36eb31a2813) + +**Here are some rather interesting articles:** + +**SyncFab pending patents. 1, 2, 3** + +[**https://trea.com/information/87928296---supply-chain-blockchain/trademark/cfdf4502-5f5a-4cd0-98d6-559086e3d598**](https://trea.com/information/87928296---supply-chain-blockchain/trademark/cfdf4502-5f5a-4cd0-98d6-559086e3d598) + +[**https://trea.com/information/87920865---syncfab-manufacturing-blockchain/trademark/b97cc69f-d497-4d98-adbf-9e822b413044**](https://trea.com/information/87920865---syncfab-manufacturing-blockchain/trademark/b97cc69f-d497-4d98-adbf-9e822b413044) + +[**https://trea.com/information/87920879---manufacturing-blockchain/trademark/eb22a6fa-7f6d-4301-bc1e-db847d1e6b1f**](https://trea.com/information/87920879---manufacturing-blockchain/trademark/eb22a6fa-7f6d-4301-bc1e-db847d1e6b1f) + +&#x200B; + +**The World’s First Peer-to-Peer Manufacturing Supply Chain on Blockchain** + +[**https://www.chipin.com/syncfab-ico-blockchain-p2p-manufacturing-supply/**](https://www.chipin.com/syncfab-ico-blockchain-p2p-manufacturing-supply/) + +**Nasdaq article about Syncfab bringing manufacturing capabilities back to USA** + +[**https://www.nasdaq.com/articles/industrial-revolution-40-creating-jobs-decentralized-manufacturing-2018-02-22**](https://www.nasdaq.com/articles/industrial-revolution-40-creating-jobs-decentralized-manufacturing-2018-02-22) + +**SyncFab’s response to COVID19 pandemic shocks to supply chain** + +[**https://blog.syncfab.com/covid-19-coronavirus-supply-chain-shock-solution**](https://blog.syncfab.com/covid-19-coronavirus-supply-chain-shock-solution) + +**10 Blockchain Benefits for Supply Chain Management by Syncfab** + +[**https://blog.syncfab.com/blockchain-for-supply-chain-management**](https://blog.syncfab.com/blockchain-for-supply-chain-management) + +**Forbes article on outdated supply chains with an idea how an ideal solution should look like (almost describing SyncFab btw)** + +[**https://www.forbes.com/sites/daveevans/2020/02/18/coronavirus-shows-supply-chains-outdated/#3e67a316efd9**](https://www.forbes.com/sites/daveevans/2020/02/18/coronavirus-shows-supply-chains-outdated/#3e67a316efd9) + +**Forbes article on 5 Use Cases Proving Blockchain Can Have A Massive Impact On The Manufacturing Industry. Mentions SyncFab as well** + +[**https://www.forbes.com/sites/andrewarnold/2018/09/29/5-use-cases-proving-blockchain-can-have-a-massive-impact-on-the-manufacturing-industry/#3f02feff5d8c**](https://www.forbes.com/sites/andrewarnold/2018/09/29/5-use-cases-proving-blockchain-can-have-a-massive-impact-on-the-manufacturing-industry/#3f02feff5d8c) + +**Deloitte article on Blockchain in the Automotive Industry** + +[**https://www2.deloitte.com/cn/en/pages/consumer-business/articles/blockchain-in-the-automotive-industry.html**](https://www2.deloitte.com/cn/en/pages/consumer-business/articles/blockchain-in-the-automotive-industry.html) + +**Deloitte study on Accelerating technology disruption in the automotive market** + +[**https://www2.deloitte.com/content/dam/Deloitte/cn/Documents/consumer-business/deloitte-cn-consumer-blockchain-in-the-automotive-industry-en-180809.pdf**](https://www2.deloitte.com/content/dam/Deloitte/cn/Documents/consumer-business/deloitte-cn-consumer-blockchain-in-the-automotive-industry-en-180809.pdf) + +**Takata recalls 10 million air bag inflators — part of largest auto recall in U.S. history** + +[**https://www.marketwatch.com/story/takata-recalls-10-million-air-bag-inflators-part-of-largest-auto-recalls-in-us-history-2020-01-08**](https://www.marketwatch.com/story/takata-recalls-10-million-air-bag-inflators-part-of-largest-auto-recalls-in-us-history-2020-01-08) + +**FAA says more than 300 Boeing 737 jets may have faulty wing parts** + +[**https://www.cnbc.com/2019/06/02/boeing-notifies-faa-of-737-max-parts-that-may-be-susceptible-to-failure.html**](https://www.cnbc.com/2019/06/02/boeing-notifies-faa-of-737-max-parts-that-may-be-susceptible-to-failure.html) + +**The 10 Biggest Recalls of 2019** + +[**https://www.cars.com/articles/the-10-biggest-recalls-in-2019-416480/**](https://www.cars.com/articles/the-10-biggest-recalls-in-2019-416480/) + +**The 10 Biggest Car Recalls of all time** + +[**https://www.osv.ltd.uk/listings\_portfolio/10-biggest-car-recalls-history**](https://www.osv.ltd.uk/listings_portfolio/10-biggest-car-recalls-history/) + +&#x200B; + +***All credits for tokenomics and articles section goes to Nitramydes:*** + +[***https://medium.com/@NitroNode/syncfab-manufacturing-blockchain-197aad91a5cd***](https://medium.com/@NitroNode/syncfab-manufacturing-blockchain-197aad91a5cd) +Okay guys so last year as some of you might remember I took out a 40k loan to buy bitcoin here is an update on how it’s going. + +Obviously first off I have to eat a bit of humble pie… yes I was one of those dudes who thought it was going to go to 200k and obviously it didn’t it went the other way. + +However, instead of sulking and beating myself up I got back to the fiat mine. I run my own business and put all the time I could into that to try and pay off my loan asap. What ended up happening which was a blessing in disguise was that for the last 12 months my business has never performed better. This has allowed me to finally pay off the loan and be debt free with my bitcoin loan. + +Now what did I learn? That it is never as good as it seems and never as bad as it seems. I’ve learnt that hard work trumps all and that you really have to put everything into something if you want it to succeed. By being forced in a way to work my butt off to pay off the loan I have reached a new limit with my business and realised in some way what my true potential could be and I intend to keep pushing that limit. + +Some here might call me an idiot and that’s fine however I wouldn’t change it for the world as I learnt some very valuable lessons which I am extremely grateful for. + +Will I consider another bitcoin loan? Yes quite possibly but certainly not doing a bull run 😂 thanks for reading legends :) + +Ps: My conviction for bitcoin has never been stronger 💪 +I’ve been playing around with firecalc and some of the other planning tools and am looking to FATfire in 6 years with $5m NW and mortgage paid off, and $120-150k/year run rate. One thing my wife always brings up that is scaring her about firecalc results (even with 100% success outcomes) is the rising costs of healthcare insurance and costs, and how do we make sure we can plan for that (including doomsday scenario where one of us gets cancer or needs an expensive surgery or something). None of the calculators seem to address this. Any tips out there on how people are thinking about this given the uncertainty? + +As people who have always had very generous employer health benefits it is hard for us to think about what healthcare costs looks like after FIRE. +**Is buying vacant land a decent investment**? + +I am looking to purchase land (Texas; I live there and can check out the areas). + +* Simple buy and hold - 10 year minimum +* Not interested/(in a position to) becoming a landlord (no tenants) +* Looking for vacant land that is accessible to high growth areas (Texas hill country - near Austin, TX) +* No ongoing agriculture, mining, oil/gas, etc. Just land that will likely be sold for home development at a later date. + +Pros + +* I can use leverage and invest some excess cash +* Real estate values increase + +Cons + +* Texas does have high-ish property taxes. No getting around it. +* Capital gains taxes may be due when the land is eventually sold. + +I am already heavily invested in the stock market. I'm looking to park extra cash in empty rural-ish land, using leverage (loans). I have high cash flow (strong salary) with no existing loans or large expenses. + +**Good idea or bad idea?** +From lurking on here for a few months, it seems that there's a lot of posters who have followed financial careers to FatFI. It seems like most of these have been pretty traditional paths- 2 years as an analyst at some bulge bracket bank, and then moving up the ladder there, or going into VC or private equity or a hedge fund or whatever else. Are there people on here who have taken a financial route to FatFI without working in investment banking? + +I ask this question because I'm currently a junior math/econ major at an Ivy and I'm strongly considering working in prop trading after graduation. I interned at a trading firm last summer and turned down offers at a few competitors to go back this summer. As someone who is primarily a math person- this seems like a great thing to do after undergrad to apply my quant skills, and the starting pay at the firm I interned at is roughly $250k/yearly. But there seems to be a disconnect to me- given that the trading industry is decently large, and it pays so well, why aren't there more people on this board who have done it? I have two theories: + +1. The posters here are generally in their 30s/40s and prop trading has grown exponentially since '08 + +2. People in trading are less inclined to be savers and interested in FI, for whatever reason. + +So, people who have followed a less traditional finance career to FatFI- what's your story? And why do you think most people who reach FatFI via a career in finance do so via IB? +I got a packet in the mail from Fisher Investments congratulating me on being in the top 1% of Americans for finances and offering to send me a free guide, blah blah. + +How do these companies get my name and address and what is the basis for why they think I have a lot of money? + +Possible leaks: + +I recently signed up with a wealth management company but the account they're managing is barely seven digits. + +I am working on an real estate deal and had to give a bank a bunch of financial info to get a loan. + +Who is leaking my information? +I clicked it in a stupid moment of carelessness (tired from trading at night :) and entered my account details on an Estonian phishing site. my account was compromised in minutes, accessed from a Rumanian IP. + +No coins lost fortunately, but please BE EXTREMELY CAREFUL! + +The hacker was trying to withdraw to [18ar3cTH2KdasTUZDW8Y6UH2RsynLbxhMW](http://blockchain.info/address/18ar3cTH2KdasTUZDW8Y6UH2RsynLbxhMW) + which looks like it contains some funds of earlier victims. + +Can anything be done to stop them? +the URL is (http://bistamen.***.**/*/login.htm) +I reported it to www.google.com/safebrowsing + +I wouldn't mind if someone DDoSed these bastards. +I'm sure lots of people here are familiar with the [Bitcoin Rainbow Chart](https://www.blockchaincenter.net/bitcoin-rainbow-chart/) (a logarithmic chart of the price of Bitcoin), but just in case, I'm here to give y'all a big heaping helping of hopium today. + +Here's a shot of the Rainbow Chart as it is today: + +&#x200B; + +[Bitcoin Rainbow Chart. A logarithmic scale of the price of Bitcoin, showing the halving events.](https://preview.redd.it/8lwlwr1wmft71.png?width=1824&format=png&auto=webp&s=4a8b09c4f77483397fa460bbe5546113a48aab68) + +In 2017, the price of Bitcoin peaked at the end of the year (mid-December) around $19k. This was following a massive, lightning-fast bullrun that is now the stuff of legend around here. The FOMO of that year has made many of us crypto enthusiasts who we are, quite honestly. + +Here is that peak highlighted on the Rainbow chart: + +&#x200B; + +[Bitcoin's peak in December 2017. Not quite halfway between halvings.](https://preview.redd.it/uhjavwn2nft71.png?width=1826&format=png&auto=webp&s=7c7aa1e9e61e1ae8ef45ccc61e72231a9c81069a) + +&#x200B; + +But let's back up a little. Where was Bitcoin in, say, mid-October of 2017? + +&#x200B; + +[The price of Bitcoin on October 12, 2017 was $5,600.](https://preview.redd.it/ek1mkudbnft71.png?width=1823&format=png&auto=webp&s=f129b3f918c9843c52efd174e30b8669055e9cf4) + +&#x200B; + +This means that from mid-October to mid-December of 2017, Bitcoin skyrocketed from $5,600 to over $19,000. That's a growth of 343% in 2 months. That's a fucking rocket if I've ever seen one. + +Now, let's extrapolate. + +Ignoring for a moment the sheer amount of money that would be required to be injected into Bitcoin in order to move the price this much, let's just speculate for a second. + +If Bitcoin followed the same trajectory from now until mid-December that it did during the same period in 2017, it will be... + +&#x200B; + +[One hundred and eighty one god damn thousand dollars.](https://preview.redd.it/w3g91dcznft71.png?width=1823&format=png&auto=webp&s=fe536faf49a4156c0532d91adfbaa22a6a746e2c) + +That's right. Let that sink in. + +You don't even need the comforting colors of the rainbow to tell you this. Bitcoin's price today ($57,600) plus a growth of 343%, is even higher than that estimate, at **$197,500.** + +The reason this has become eerily predictable is because of the halvings. If you don't know what a Bitcoin halving event is, [you can read more about it here](https://coinmarketcap.com/halving/bitcoin/). + +Now, of course, this means a tripled marketcap as well. Can the marketcap for Bitcoin really reach $3 trillion? Depends on who you ask. Myself and many others believe that is likely still small peanuts when we're talking about a global digital currency being adopted in increasing measure around the world. We're still pretty early. + +Enjoy the hopium, and may blessings be upon us all in Q4 2021. 🙏 + +Edit: for one more dose of hopium, check out the [Stock-to-Flow model.](https://stats.buybitcoinworldwide.com/stock-to-flow/) +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +I'm a big fan of [Derek Sivers](https://sivers.org/). He's a successful entrepreneur (and financially independent), yes, but he's also a thoughtful writer who shares what he learns in life. [The latest post at his blog](https://sivers.org/d1) outlines various bits of his philosophy, such as "how to be useful to others", "how to get rich", "how to like people", and so on. + +The bit that's relevant to us, I think, is where he outlines "how to stop being rich and happy". (Or, you might say "how to make yourself miserable".) Here's what Sivers writes (verbatim): + +====================== + +**How to Stop Being Rich and Happy** + + +1. Prioritize lifestyle design. You've made it, so it's all about you, now. Make your dreams come true. Shape your surroundings to please your every desire. Make your immediate gratification the most important thing. + +2. Chase that comparison moment. You have the old thing. You want the new thing. Yes! Do it! Be happy for a week. Ignore the fact that the happiness only comes from the moment of comparison between the old and new. Once you’ve had your new thing for a week, and it becomes the new norm, seek happiness from another new thing. + +3. Buy, not rent. Why rent a house, castle, boat, or car, when you can buy? It’s not about the thing, it’s about identity. This shows who you are now. + +4. Internalize your new status. You worked hard to get here. Celebrate. Relax. Admit you are in a different class of people now, with different needs. Understand there is no going back. + +5. Be a connoisseur. Learn what others say is the finest. Insist on only the finest. You will now be unhappy with anything but the finest. + +6. Get to know your possessions. Now that you own the best, it’s time to focus on what you’ve got. Learn all about the features of your new possessions. Spend more time getting your surround sound and heated floor just right. Work out the solar panel charging of your Tesla car. This is important. + +7. Acclimate to comfort. Eliminate every discomfort from your life. Blame others when the world seems hard, and is not living up to your standards. + +====================== + +I feel bad just cutting-and-pasting this excerpt here, but I think it's valuable stuff. If you like this, you should support Sivers by subscribing to his mailing list (it's a low-volume, high-value list) and/or [browsing his site](https://sivers.org/). (By the way, the other sections of the article are just as thoughtful.) + +I think there's a *lot* in this list that FI/RE folks can learn from. For instance, I know many folks on this path who are into lifestyle design. They want their lives to be perfect. Like Sivers, I think this is often a fool's errand. There's nothing wrong with trying to construct a life you love, but it can be taken too far. + +Or there are plenty of people who, when they achieve FI, adopt an attitude of superiority. That's dangerous too, both for yourself and the people around you. + +For me, I have a tendency to succumb to #5 (be a connoisseur). I like good shit -- good whisky, high-quality travel gear, nice electronics, etc. If I don't police myself, I can become a high-class consumer, even though I know it's stupid to do so. When I first sold Get Rich Slowly, for instance, I allowed myself to spend a *lot* of money to buy some Stickley furniture. Sure, it looks great, but was it really worth so much money? Hell no! Now whenever I'm tempted to act like a "connoisseur", I remind myself of that furniture... + +What do you guys think of Sivers' list? **What traps and pitfalls do people face once they begin to achieve financial success?** What are some things that *you* have done that actually hindered your happiness instead of helping it? +Every one trying to find reason for the bear market. +Let me tell you. +There is no reason at all. +None, no conspiracy no whatever. +Go to CMC, make a 6 month clip of the total marketcap. +This market has been in a bullrun since the middle of 2015. + +This 6month time frame is the only time in the last 3 YEARS that crypto hasnt beaten the stock market or any other type of investment asset. + +The year is 2018. Cryptocurrency has innovated so fast in such a short period of time. +If you sell goodluck to you. +If you hold goodluck to you. +If you trade goodluck to you. + +What coins were on coinbase in 2015? Lol + +Was BITMAIN a multi-BILLION dollar company in 2015? Lol + +Was Binance making hundreds of millions in profit in 2015? Lol + +This is where shit gets innovative and creative because everyone is in panic over price. + +The nerds, geeks, pussies, (smartest people in the world) stay calm and just do their job like the fucking bosses that they are. These people arent emotional over anything money wise. + +The only people bitching over price are greedy emotional pussies. + +Get over the market. It’s amazing. + + + +Im really nervous. The bond market has started to shit the bed and soon the stock market. + +I trust in GME but holy fuck shoot me if I’m not scared for what’s about to happen if I read endgame and milkshake from u/Peruvian_bull right. + +I read the DD but I can’t understand what the world monetarily is gonna look like when the dust settles. + +I just need some reassurance + +#IS EVERYTHING GOING TO BE OK? + +IN GME I TRUST + + +^MAY ^CTHULHU ^HELP ^US + + + + +Note: I forgot to take my anti-depressant/anxiety meds the day I wrote this. That’s why this is in stark contrast to my “normal” posts +**Edit: I've already put a couple edits directly in the text to correct this mistake, but I thought I should add a general one at the top. A point I make several times in this post is incorrect, as pointed out by a few commenters. The incorrect point is that LRC has no plans of building a ZKEVM. In fact, their quarterly report from last month included news that they had just started working on a ZKEVM solution. The sources I used for this post were published before this news. Sorry for the misinformation.** + +**-------------------------------------------------------------------------------------------------------------------------------------** + +&#x200B; + +There are plenty of L2s and sidechains already that scale Ethereum L1. They all have strengths and weaknesses. Let's start by looking at other zk rollup L2s like LRC. + +# Other zk Rollup L2s + +There exist several zk (zero-knowledge) rollup L2s besides LRC (both STARK and SNARK variety; look this up if you really want to dive down the rabbit hole) like zkSync, Polygon Hermez, dYdX, zkSwap, and StarkX. Unlike LRC, zkSync and (soon) Hermez are actually full scaling systems for Ethereum, because they support fully generic smart contracts due to having built ZKEVMs (Zero-Knowledge Ethereum Virtual Machine). LRC doesn't even have plans to build a ZKEVM (which is considered very hard to do), because **their value proposition is not to be able to generically scale Ethereum**. They are only intending to scale DEX usage (which makes sense, because that is what their core innovation, **order rings**, are good for). **Edit: As a couple commenters pointed out, the LRC quarterly report that was released a few weeks ago actually announced that they have just begun working on a ZKEVM solution. Sorry for the misinformation.** + +As for usage, of all the zk rollup L2s combined, LRC has around 30% of the TVL. + +# Optimistic Rollup L2s + +Then there are optimistic rollup L2s, which are fully EVM compatible (so much easier to make an optimistic rollup EVM compatible than to make a zk rollup EVM compatible), and are currently being used for DeFi way, way more than any zk rollup platforms (though I do believe that one day zk will emerge as the superior tech over optimistic). Arbitrum TVL is more than all zk rollup platforms combined **plus** all other optimistic rollup platforms combined **plus** all the validium and plasma L2s combined. + +Once you add in optimistic rollup platforms and other L2s, Loopring has a little under 9% of all the TVL of L2s on Ethereum. + +# Side chains + +Then we get into the scaling solutions that aren't L2s, but are instead sidechains. I'll just talk about the elephant in the room here: Polygon. Polygon has about the same TVL as **all L2s combined, including Arbitrum**. They also get lower fees than any L2. The downside is that they have worse security than L2s do. + +# Conclusion + +So, in terms of TVL of all scaling solutions on Ethereum, **LRC has probably 3 - 4% of the TVL at most**. + +Unlike Polygon, Arbitrum, Optimism, zkSync, and others, **LRC is not EVM compatible**, so it can't handle generic smart contracts, and is thus not a full scaling solution for Ethereum. You can't build any part of DeFi on Loopring except DEXes. And finally, while the fees are great, they aren't the lowest of all the scaling solutions. + +LRC is great, but there are many other scaling options, of which LRC holds a fairly insignificant portion of the TVL. Many of these other solutions are also full scaling solutions that are fully EVM compatible, which LRC has no intention of being **(Edit: adding another edit here to reiterate that this appears to actually be false as of a report published a few weeks ago announcing that LRC has recently begun work on a ZKEVM solution. Thanks for the correction commenters)**. And don't think that the facts that LRC has a low TVL compared to other scaling solutions and no ZKEVM are explained by LRC being younger than their competition. In fact, LRC launched before almost every other platform that I have mentioned. + +All this being said, I imagine LRC will continue to increase their TVL share of the L2s, and the LRC token will probably continue to appreciate. It's probably a great investment. I also think that, in general, zk rollups will eventually emerge as superior to optimistic rollups, and L2s are unambiguously emerging as the superior choice over side chain scaling solutions. So, I think it's a good guess that zk rollup platforms like LRC will slowly grow to dominate the L2 pie. In general, I am bullish on LRC long-term. This post is not meant to be FUD at all. + +But no, Ethereum does not in any way, shape, or form rely upon or need LRC. LRC is just one of many excellent tools playing a small part in solving the most central blockchain tech challenge of the last 4 years: how to scale Ethereum. +Who created BAYC NFTs (Bored Ape Yacht Club)? + +**Yuga Labs** + +Who funded Yuga Labs? + +“**Andreessen Horowitz (a16z)** led the $450 million funding round, Yuga Labs’ first, with participation from **Animoca Brands**, **Coinbase**, Moonpay and FTX.” -stockhead.com + +\- [https://a16z.com/investments/](https://a16z.com/investments/) + +Who else did **Andreessen Horowitz - (a16z)** invest in? + +**Coinbase** + +“By the time Coinbase went public via a direct listing in April 2021, Andreessen Horowitz had amassed a position of nearly **30 million shares (a 15% stake)** across 14 more rounds. Those shares were worth about $10 billion – good for an approximately 60x return – at the end of Coinbase's first day of trading. Apr 12, 2022” - [Forbes.com](https://Forbes.com) + +“Andreessen Horowitz and Union Square are the two largest outside investors in Coinbase.” - [cnbc.com](https://cnbc.com) + +**OpenSea** + +“OpenSea, the world's first and largest digital marketplace for crypto collectibles and non-fungible tokens (NFTs), today announced it has raised **$100 million** in Series B financing led by Andreessen Horowitz (a16z), valuing the company at $1.5 billion.” -prnewswire.com + +Who else invested in **OpenSea**? + +“OpenSea, which operates a marketplace for the blockchain-based collectibles known as NFTs, announced Tuesday it raised $300 million in a Series C led by **Paradigm** and Coatue Management. + +Who did **Paradigm** invest in? + +“**Citadel Securities** Announces $1.15 Billion Investment from **Sequoia** and **Paradigm**” - [Citadelsecurities.com](https://Citadelsecurities.com) + +Who did **Sequioa Capital** invest in? + +“**Animoca Brands** raises $65M at $2.2B valuation from Ubisoft, **Sequoia China**, Dragonfly Capital, others” - [animocabrands.com](https://animocabrands.com) + +We come full circle! Who did **Animoca Brands** invest in again**?** + +**Yuga Labs** \- Creator of the Bored Ape Yach Club... +Recently I applied internally for a job posting on a different floor in my hospital that was offering a $10,000 sign on bonus to eligible applicants. I went through the application process and interviews and I was offered the job from HR. I asked about the $10,000 incentive and I was met with “it’s only given to outside hires to attract more nurses”. I politely declined the offer and continued to work my current floor. + +Fast forward 1 year to the present, I’m applying to my dream position in my hospital with the same $10,000 stipulation. Is it worth pressing HR on the offer if I’m considered for the job? If so, what’s the best way to address it or am I better off keeping quiet if it’s my dream position? +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?* +Probably going to get many smart a\*\*comments here, but I am genuinely asking the question in search for an answer. + +Besides the obvious reasons of people in general wanting bigger, more stuff, more status, and continues to buy things to impress their neighbor, I am wondering more about the maths/financial reasons/building wealth reasons. + +What is the financial reason in the long term for people who own houses taking up as much debt as they can/borrowing more to sell their house and buy a more expensive one? The main reason I have come up with, and it might be completely wrong is that as house prices increase 5% annually over the long term. Owning a $500k gives you $25k annually and a $1000000 gives you $50k annually (on avg/in the long term) etc. They kind of keep buying themselves upwards... + +So in the long term, the monetary bottom line increases.. + +I am missing lots of pieces probably, but any answer would help. + +&#x200B; + +Thanks + +Edit: to clarify, I know lots of reasons to upscale and buy a different house. Probably most do it for all sorts of legit reasons such as space, location, family, discretionary etc. I am not assuming people only do it for reasons like keeping up with the jones' or status etc. I was curious about the financial reasons, such as the suggesting CGT free investing over time and generally just a way of increasing the value of your PPOR "investment" over time. + +&#x200B; +I am highly interested in discussing this topic more that happened on these forums about a year ago. I will just go ahead and quote everything the original poster stated because I think he is better at it than I could be. Unfortunately, the conversation last time sort of got derailed with people being entirely too confused on what exactly the original poster was asking. First of all, many of the people there seemed to think it was an affront against women. I am a gay man and I think his topic is helpful to be discussed for all relationships. Secondly, people seemed to be confused that the original poster was not asking about being single versus being married. He was asking about being unmarried but cohabiting versus being married. I think his questions and concerns regarding FI are warranted. It seems to me that many of the benefits of marriage can be attained through other contracts, but marriage comes with great financial risk when the other contracts don't. + +[Link](https://www.reddit.com/r/financialindependence/comments/2qauop/marriage_vs_unmarried_cohabitation_for_fi_sort_of/) + +"A little background: I’m 31 years old man, unmarried, no children, and I would consider myself well on my way to FI in my early 50s. I have been saving between 30% and 40% of my income for the last 8 years and will have my house paid off in 15 years. + +To be honest, unless I marry someone wealthy or with a high income, it seems that I have little/nothing to gain but seriously risk derailing my plans for FI. I consider risk management and maintaining control of finances to be essential components to attaining FI. Also, “independence” is right in the name, and I believe this extends to remaining unmarried as well. + +Potential pitfalls: + +-Split assets 50/50 after divorce. Pre-nup may protect assets acquired prior to marriage, but assets acquired during marriage are fair game. Even if one partner contributes most/all of the savings, they are still subject to being split. + +-Potential alimony from higher earner to lower earner. If you are the higher earner, this is a definite risk. If your spouse stops working (for whatever reason), this increases the risk. + +-I’m childfree and have had a vasectomy. One of the main reasons people say to get married is for the benefit of children. This is a non-factor for me. Alternately, I am opening myself up to “assumed paternity” and the accompanying liabilities if I’m married and my wife gets pregnant from an affair. + +-Marriage not only links assets, but also liabilities. If one spouse racks up debt or is subject to litigation, the other spouse would still be liable. Remaining unmarried insulates each partner from the other partner’s financial liabilities. + +-People change, and sometimes drastically. You never know how you or your partner will change. Since this is a huge unknown, I don't think it is wise signing up to be with someone for life. Your partner may decide that FI isn’t so important and will spend accordingly. Divorce opens you up to asset splitting and alimony. + +Potential advantages: + +-Health insurance, but this would be a minor benefit if both spouses are working. I suppose it would come into play after reaching FI, should one spouse continue working. + +-Next of kin healthcare decisions. However, having well written directives ahead of time is even more important. This also could also be considered a disadvantage. If my parents are still alive, why should they not get a say in my medical care? + +-Social security benefits. These are more useful to the lower earner. + +-Survivor-type benefits, inheritances, etc. These are generally more useful to women, as they not only statistically live longer than men but the wife is generally younger than the husband. + +-Since finances and assets are integrated, you are in a better position if you are out of work for whatever reason. + +-Various benefits, rights, etc. related to children. However, this wouldn’t be applicable to the childfree. + +For the FIers that are married or open to getting married someday, what is your experience or perspective on marriage and its compatibility with FI? Aside from a pre-nup, what steps should one take in order protect their future? It seems like a huge gamble, unless I marry rich. And while I won’t marry for money, I will forgo marriage for money." + + +I've laid out all the info posted by u/alexandrosdimo in a comment. + +TLDR: + +Hear me out [u/ratioatblessons](https://www.reddit.com/u/ratioatblessons/) knows. He’s linked in someway and knows what is happening. + +The Bernie Madoff cell number... The office desk picture The radio silence form [u/ratioatblessons](https://www.reddit.com/u/ratioatblessons/) + +This person knew and was silenced by an NDA. Hence why his messages are so cryptic. They're cryptic as FUCK. The pictures he's posting all mean something. + +Edit\* I’m trying to piece together links to his comments...this goes really really fucking deep for me to understand but he knows wtf is happening. He’s been posting on people’s comments that are getting closer each time. + +He’s literally been leaving puzzles and clues. + +[first clue](https://www.reddit.com/r/GME/comments/mjglhu/61727054_cents_hi_ragrets/gtdxfiu/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +https://preview.redd.it/zcac7ocxqtu61.png?width=884&format=png&auto=webp&s=84de3b5c2c03224a8b86aa07d77c35d6547ee7dc + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +[second clue](https://www.reddit.com/r/GME/comments/mit0eu/the_everything_shortcontinued_citadel_spacs_and/gt90qh6/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +https://preview.redd.it/p2y5ssv7rtu61.png?width=854&format=png&auto=webp&s=92de7abe30ac8cfb1a596bc91d7ec761e1b34501 + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + + [u/ratioatblessons](https://www.reddit.com/u/ratioatblessons/) [post](https://www.reddit.com/r/Superstonk/comments/mm8i5v/f%EA%93%98nfixit_kn/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +FꓘnFIxit K∃N + +Since you’re throwing money around Ken. Accepting: $15.5Million for my shares. + +Since I know what they’re really worth. Expecting: $25Million for troubles. + +I’m not the 🦍 you want to get caught in a cage with. I’m really not. I don’t fight fair..I’m from the streets where fighting by the rules’ll have you bleeding over your lunch. Ever been jumped for being in the wrong neighborhood after dark? Ever ran for your life? Ever ate out of the garbage? Ever lived behind an abandoned garage? I have. 💎 🙌🏾 forged. + +Ever watch your dad sell crack to your aunt? Ever had to bail your mother out of jail? Ever have to wash the blood off of the sidewalk? Betcha neva sold dope to your 9th grade economics teacher..Betcha neva have, betcha kids neva will either. + +I’m feeling reel Stewie. Where’s my money? Where’s my money? + +WHERE IS MY MONEY + +You and I both know that I don’t play when it comes to my money. If nothing else you’ve learned that much about me. You and I both know that I’ve done whatever it takes to beat the odds. + +If I’ve told you once, I’ve showed you twice. I’m not the orca you want to be on the hunt. + +You’re scared of one 🐈‍⬛, meanwhile Kenny you’re forgetting that I eat lion hearts for lunch. + +*360, 5 left I'm counting it to the day I'm thinking if I did everything I said Or if the year got the best of me One thing about time, it waits for nobody You told me, isn't that what they say* + +Behold!! A letter from a creditor Kenny: + +FꓘnFIxit K∃N Damn Kenny what the fuck?!! You’ve the SEC calling my house! My house bro? What in the actual fuck are you and Beeson doing? You told me that you had this all under control. I made assurances based on your confidence. You came highly recommended. Play your role, do your job, or we will find someone else who will. You’ve got the FBI following my wife!You’ve got me following the FBI. You’ve got my neighbors whispering. I can’t take a shit without a text from my office. I’ve got clients who are not pleased and are willing to walk. You know that I’m over-leveraged. + +There are reporters sniffing around it’s only a matter of time before more are willing to talk. + +What the fuck?!! This GameStop trade has gone on long enough. The loses are wa + +How many more times have I told you to keep your ex in line? I told you that her name should have never been 650 Meadows. Her lawyer had papers sent to my house. My house Kenny you still think this shits a game♟? Pay her more and her husbands boyfriend more! + +First Austin, now I’m hearing that 🦍 have found out about Utah?!! 📍 + +You and LaPierre need to get your houses in order. Now! + +This voting law charade isn’t going to last as cover forever. The Floyd trail won’t last forever. The Covid and vaccines aren’t going to be the leading story for too much longer. Sooner or later NFTs will be a part of crypto wallets. Once Elon starts accepting NFTs as down payments for Roadsters..all eyes will be back on us. Jim will fucking flip like the stool pigeon he is. + +Zuckerberg has his hands full at the moment, but if you don’t think that he’s waiting to jump on any opportunity..you’re underestimating him and his motives. You’re running short on time and you are losing your value. + +Three weeks ago you told me next week. What the fuck are you waiting for? + +FꓘnFIxit K∃N FꓘnFIxit K∃N FꓘnFIxit K∃N + +Signed -NDA + +Sources: Mr. 🐳 & Mrs. 🐋 + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + + u/sydneyfriendlyclub [comment](https://www.reddit.com/r/Wallstreetbetsnew/comments/mhiil4/61727054_says_ken_is_next/gt00qjd/?utm_source=reddit&utm_medium=web2x&context=3) + +[https://www.linkedin.com/in/noahsher](https://www.linkedin.com/in/noahsher) + +This guy is a UT alumni and now works in shitadel. Per his LinkedIn + +Citadel Global Equities (Long/Short Hedge Fund) - TMT coverage with a focus on Internet and Video Game equities + +Could he be focusing on GME? + +Edit: this guy started working for Shitadel in 2019 + +One clue + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +[clue](https://www.reddit.com/r/GME/comments/mitcgy/ken_g_when_apes_found_out_about_atx/) + +https://preview.redd.it/jcdih51attu61.png?width=875&format=png&auto=webp&s=4c4cc50ace6baa2b90698a787b5531a32683c113 + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +[signs everywhere](https://www.reddit.com/r/Superstonk/comments/mnyevz/everywhere/) + +https://preview.redd.it/hcplztopttu61.png?width=640&format=png&auto=webp&s=f540cd328cbf2ea9f6beb1d7ed1edf36ef248ec3 + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +[Dog Sniffing Shill](https://twitter.com/dog_shill/status/1385324041787961347/photo/1) + +https://preview.redd.it/d3jwn2q8utu61.png?width=1919&format=png&auto=webp&s=b0f16bf27a1d7e67c2141f02ed5afce3d574cf41 + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +[Clue](https://www.reddit.com/r/Superstonk/comments/mmwtwl/i_fedish_whaletalesrip_my_dms_in_advance/gtvjjfr/?utm_source=share&utm_medium=web2x&context=3) + + + +*Talking that shit with your back to me, just know it always get back to me.* + +It was all fun and games until an🦍 peeled out in your Kharma..wasn’t it ꓘenny? Gotcha little mad or big mad? ꓘenny, ꓘenny + +While you were at the Four Seasons with your best ends best friends. I was spending Annie’s ends while she was gettin’ spit roasted at the 🎸 outside Weston. *I fucked and left, I hope it ain't no hard feelings (Nah) Was broke as fuck, that's how I started bonds flippin' (washed ups) Get some millions, it'll make a ape love livin'* + +*So once again there’s only all these 🦍 & whales determined (to uncover the fraud ‘n crimes by), huh, and (here) I thought you (ꓘenny) were ready to (🧻 🤲🏻) give it up.* + +🐜 it gon’ 🐝 too funny when those 🌱behind 145 N Dearborn St begin to bloom. Huh. Sure would hate to be the neighbors when that capon comes home to roost. Not Etiquette Advice...but the next time that you’re having dinner with Kelly, you should really consider not biting off more of the stake than you can chew. Especially not before you’re supposed to met with Evans. As you know..he’s incredibly ˌjərməˈfōbik. Wanted me to remind you 360.4 left until you Hanover another of 🍞 🍌 🥖. + +FYI..Seams those WALEs down under aren’t too *p*leased to *p*ieces about the sudden interest in *p*ips...get that fixed before another NFT flicks. Need you be reminded whose wrist will be the first they secure to the bench. + +Hurry up it’s only a matter of time before this all goes from 🦍 on [r/SuperStonk](https://www.reddit.com/r/SuperStonk/) to Katie Porter & her white board, if you catch my sent... + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +[clue](https://www.reddit.com/r/GME/comments/mg437h/61727054_says_ken_is_next/gsrpsxy/?utm_source=share&utm_medium=web2x&context=3) + +https://preview.redd.it/3z46a6a0vtu61.png?width=738&format=png&auto=webp&s=2b1531f6391bc3aa60aa31ad39b1b0bced6b193d + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +[clues](https://www.reddit.com/r/GME/comments/mg437h/61727054_says_ken_is_next/gss4nrz/?utm_source=share&utm_medium=web2x&context=3) + +https://preview.redd.it/32lld5cavtu61.png?width=737&format=png&auto=webp&s=a1878a53aa623ece8f9a79587b682b2d936c1034 + +&#x200B; + +[HE REALLYYYY LIKED THIS ONE](https://preview.redd.it/xnsv9mngvtu61.png?width=605&format=png&auto=webp&s=63e7a2698eb1a96a71fb4fc23caa87e516278319) + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +[Ding Ding Ding Ding Ding](https://www.reddit.com/r/GME/comments/mg437h/61727054_says_ken_is_next/gss6bdt/?utm_source=share&utm_medium=web2x&context=3) + +https://preview.redd.it/8et3tvrmvtu61.png?width=601&format=png&auto=webp&s=5df29d920d97c5cea62a291cde74e2333a03bd40 + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +[Seems to be a really big hint](https://www.reddit.com/r/GME/comments/mg437h/61727054_says_ken_is_next/gsrxfvq/?utm_source=share&utm_medium=web2x&context=3) + +This needs some smart eyes on it. + +[Edit: added suggestion ](https://m.imgur.com/a/hJMI7tq) + +[Edit2: Other clue](https://www.reddit.com/r/Superstonk/comments/mwn2te/i_think_this_guy_is_into_something/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Edit3:emoji meanings as suggested](https://imgur.com/a/5fgeIsT) +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +HODL APES!!!!!!!!! +Cramer is a boomer with a fragile ego. It's proven by the lack of conviction in his ideas and constant flip flopping to seek internet validation. Why else is banning twitter posters that call him out for being a shill, and then writing tweets on how WSB might be right on GME to butter us up. Give me a break. + +I request mods to add a rule to ban Cramer tweets as a main posts and stop feeding his ego. If he wants validation, I dare him to create a verified account on reddit and post on WSB to earn his karma. +Hi all, just received an email from Monzo asking for information. + +“We're asking for a little more information because, like all banks, it's really important we have a good understanding of all our customers. We’re not asking you these questions for marketing reasons. It’s a regulatory requirement that we hold relevant, up-to-date information about the customers we serve. It helps us give you the right level of support, and helps keep everyone safe.” + +When I go to the questionnaire in the Monzo app it asks for details like, +What’s your employment status? +What industry do you work in? +What is your job? +What is your annual income before tax? + +This is where I stopped filling in the information. Now I’m full time employed and pay my tax via PAYE, post tax salary credited into a high street bank. I haven’t ever had a bank ask for my salary information and I find this a pretty strange request by Monzo. + +Has anyone else received these requests? +What’s the general opinion of providing this information to Monzo? +I modified the XBOX Gamerscore concept to create a reward incentive for my kids. The payouts for unlocking the achievements will be in crypto. + +I have shared something similar in the past in the gaming subs. My kids are big fans of the achievements in Xbox and I adapt the concept to create a rewards structure. + +This time, for the months of December/January (the holiday period), I decided to offer them a new payout structure - in crypto. The kids can choose to receive their rewards in dollars, but they may also opt to invest it into a few cryptos instead. + +The items are designed to be something that may take a bit of time over a few weeks, require discipline, creativity, or exercise. I am not expecting the kids to complete every achievement, but all of them should be achievable with enough motivation. + +They can attempt as many of the items on the list as they want. + +&#x200B; + +https://preview.redd.it/o742ex0t685a1.png?width=811&format=png&auto=webp&s=456437537e29536b524fbb2dd8ebd6059652c42e + +I'll link the Google Doc in the comments, in case anybody wants to download it. + +&#x200B; + +EDIT: LOL at the people calling me a shit parent because I'm rewarding kids for playing video games. Read the post. +I have about ~35% exposure in Tech. +NVDA - 3% +AAPL - 7% +AMZN- 7% +GOOG - 18% + +I have been holding some GOOG shares since it was at ~840 and yesterday I added 6 more. And once I get more money, I am actually thinking of increasing my position even more. + +I am not good at evaluating companies but when I look around GOOG is slowly taking over and there is still so much potential growth. + +1). Data - Google has so much data. It is INSANE. They know about billions of humans and their behavior, business, streets, pictures (with google photos) It is absolutely nuts. which brings me to my next two point (AI and Cars) + +2). AI - we know that AI is going to be a huge part of our everyday life going forward. And with the amount of data GOOGLE has, they are on the TOP spot to leverage and make their AI the best. This isn't even an opinion right? FB, Microsoft, and Amazon doesn't even have fraction of data that Google has. And AI is all about machine learning, and the more data you feed, smarter it gets. + +3). Automobile- This is uncharted territory, no one has been able to penetrate and challenge the big car giants like GM, Toyota, Audi etc. Once Elon Musk was asked a question, who does he see as his competitor and his answer was Apple. I don't know if he was being ignorant or genuinely don't see Google as a major competitor. + +Google's approach to automobile is same as their approach to Android. They do what they do the best (create software and services) and let the hardware people make the hardware. Seems like they are on the same path with cars, they are creating the best selfdriving system and infrastructure and just going to sell this to other car manufactures, who already know how to build cars. And just like Pixel line up, we might see cars made by Google at some point. But the thing is, how can anyone not see Google as a serious competitor is beyond my understanding. + +I still haven't talked about their new silicon initiative and IoT stuff. Its safe to say, it all looks very promising to me + +What do you guys think about Google in general? Positive, negative or neutral? +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +First things first, this is a crash, not a "dip", so please don't minimize how people are feeling watching most cryptos drop more than 40% in just two days going back to the prices they were 3+ months ago. Making unnecessary jokes and saying things like "WELCOME TO CRYPTO NEWBIES" doesn't help anyone. + +I have the luck (or maybe not) that I have already experienced a crash as my first experience into crypto when I used part of my university fund to buy in around late 2019 just before the Covid crash hit crypto in early 2020 which drove the prices down terrifyingly low (yes I understand it was dumb to invest that way, but at the time things seemed well enough to do it and I never could have predicted a pandemic.) + +So because of this I don't fear what's going on right now because I have seen infinitely worse and got to watch the market recover and thrive, but back then when I experienced my first crash I remember having anxiety attacks over the idea that I may have lost everything, especially during a pandemic where money isn't the easiest thing to get access to. There may be some people who put their money into crypto hoping it could get them out of a bad situation that covid caused and now they are watching that dream get snatched away from them in real time. It's a scary feeling, so if you see people on this sub, or other subs constantly spamming their concern please try to empathize with them (especially if you've experienced a crash yourself) because it's the right thing to do. + +Just remember everyone that crypto is definitely here to stay, but if you REALLY do need the money you put into it then don't feel pressured to stay in just because people are spamming "HODL" everywhere. Your well being matters more than anything and you can always buy back in at a later date when you feel more comfortable to do so. Take your time. +guys this "fud" scenario is really weak I'm gonna be honest + +I know what a compromised subreddit looks like. I've been in the OG sub when it was compromised. It was bad. They installed new mods that started banning OG mods, and even one mod was named "wsbIncenerator". Large ass gifs that took up 4 post size were enabled so no one could read each other messages. It was crazy. Even the word GME, and GameStop was banned. There were people who were typing GME phonetically to talk about the stock: + +"we are still holding GEEEEE EEEM EEEEE right???" (this post still haunts my mind to this day and it makes me laugh idk why) + +It got so bad spez the reddit ceo had to step in and undo the bans on OG mods. This is true. It is not biased. It was actually thrilling and insane to see it happen in person. + +This is the longest ape designated subreddit out of the two mass migrations that has happened + +This subreddit is not compromised lol. It's just drama because pickle's crew lost their spotlight from the 700,000 apes. It's understandable but to say this subreddit is comprised is a load of horse shit. +SPY goes ex dividend tomorrow. This means that if you are short calls, you are at risk of early assignment. The way to tell your risk is to look at the corresponding put to the call you are short. If it is trading for less then the dividend (estimated to be 1.46) then you are at risk here. The cheaper the put price is, the more risk you have.. + +So if you have deep call spreads, time spreads, etc, you need to evaluate your position. +Hey guys, I started investing in march and due to a tech heavy portfolio I have done pretty well. However the longer this goes on and the more overpriced tech stocks become, the more worried I am that tech will inevitably pull back soon and I will loose some of my profit. I am thinking of selling some of my tech stocks and moving into airlines, hotels and property stocks, as these stocks seem to have good upside potential. A few airlines and hotel stocks I have been looking at; Southwest, Delta, Dart, Alaska, Marriott, MGM, Hyatt. Need to research real estate some more. (Any suggestions?) + +Would it be a dumb idea to move 60% of my portfolio into these industries? Or is it too early/risky? What are your thoughts? How long do you think these tech stocks will continue to uptrend? And how long until the recovery of the industries mentioned? Thank you! + +EDIT: So the overall consensus seems to be yes it would be a dumb move and i should keep my money in tech for the time being, at least until we have some sort of vaccine. + +I definatly hadn't taken into account the fact that buisness travel may never return to the way it once was after this pandemic. Now im thinking i'de be better off putting more money into remote work/meeting companies such as Zoom, Slack etc. + +Thank you for all of your replies so far, i really appreciate the help. +Hi all, + +I was wondering if anyone who has done home improvements (kitchen/utility/Bathrooms) has any lessons learned I could nab from you. + +We're currently having a kitchen and utility designed by Benchmarx and they offer different tiers of kit (neue/candy/Bosch/neff) for ovens and such. We're a little unsure as to what level to jump in at. My thoughts are to not skimp but also not go for the top tier. Bosch is the one I'm more familiar with so thinking of that. Also, decisions such as real or fake counter tops and the like are a little confusing as this is my first time. I know it's not best to look at renovations as an investment as future buyers will have their own tastes but is there any red flags to avoid putting in? + +Any general advice in this sphere would also be appreciated, cheers. +This is all tin foil hat shit, but you never know. We have no idea what these scum bags are up to. So download your account statements ASAP. Write down your passwords and keep them in a safe place, these crooked fucks could be planning something. They are probably planning an attack on Computershare, because that is where most of our shares are stored. You should also keep your DRS letters if you have not already done so. + +EDIT: If they do announce CS was "hacked" it will essentially destroy trust in new DRSers making locking the float impossible. The only people who will be willing to DRS, is Gamestop employees and us. +Bitcoin is a cult crypto just like Elon's TSLA. All these banks trying to short it with fundamentals are fighting an endless bull trend it seems! + +Shows you how revolutionary technology can impact the world! + +https://blog.rublix.io/why-the-crypto-bubble-theory-is-a-bust-9170f6137c2f +I’m sure that a lot of you have heard about Monero (XMR) and that it is [Private/Untraceable](https://imgur.com/a/Skb5L4q) and most commonly used in “boating accidents” but there’s more to XMR then just that and it’s potential use cases are solid + +A lot of people seem to have this understanding that XMR is used solely for the purpose of buying illicit products on the dark web because it’s untraceable, and yes that does happen, but it’s also happened to Bitcoin before and now countries such as El Salvador have made BTC a national currency. + +XMR can be used for so much more then nefarious acts online for example buying everyday products and subscriptions/services. + +Why would you want to use XMR for that? + +Credit card fraud rose by 44.7% over 2019 to 393,207 reports. + +There were 1,108 data breaches in 2020, + +The number of people affected by data breaches was 300Million in 2020 + +identity theft/fraud cases resulted in losses of $712.4 billion in 2020. That was a 42% increase from 2019. [source](https://www.fool.com/the-ascent/research/identity-theft-credit-card-fraud-statistics/) + +Paying with a credit/debit card seems simple enough but your putting your information/finances at risk of being compromised and it is a headache to deal with compromised bank cards/credentials + +In comes XMR to solve these issues: Since XMR is so private the risk of having your credit/debit card compromised by a data breech is virtually impossible because you never used the credit or debit card to buy the product/service + +Outside entities cannot decipher addresses trading monero, transaction amounts, address balances, or transaction histories. This is all because of XMRs stealth addresses which obscures the public address to the people involved. This also goes hand in hand with XMRs ring signature technology which makes use of your account keys and a number of public keys pulled from the blockchain using a triangular distribution method. There is no way an outside observer can tell which of the possible signers in a signature group belongs to your account. XMR is so private in fact even the IRS has even offered a bounty of $625K to anyone who can crack the privacy of Monero. [source](https://blockchain.news/news/irs-criminal-investigation-$625-000-bounty-monero-privacy-crack-btc-lightning-network-tracker) + +On top of all that delicious technology that XMR has to offer it is also an open source and completely decentralized so anyone can partake in using XMR. No one is excluded. + +And the icing on the cake is that XMR is considerably much cheaper to transact with then Bitcoin. Plus all the added benefits with all the extra features that XMR has to offer. + +Transaction fees paid (last 100 transactions) [source](https://www.monero.how/monero-transaction-fees) + +Monero (lowest) 0.000007 $ 0.0010 + +Bitcoin (lowest) 0.000027 $ 1.0647 + +Monero (median) 0.000009 $ 0.0014 + +Bitcoin (median) 0.000067 $ 2.5851 + +Monero (highest) 0.006938 $ 1.0105 + +Bitcoin (highest) 0.000450 $ 17.4929 + +**TLDR: you should use XMR wherever possible for your day to day transactions to mitigate your chances of having your credit/debit card and personal information from being compromised.** + +**Privacy is a human right** +My business partner and I have been looking to get into real estate investing / rental properties for quite some time but just haven’t been able to find a property where the expected ROI exceeds what would be expected from a simple stock market index fund. Have others experienced the same thing? If so, what’s the business case for investing in real estate over stocks (other than diversification)? +Does anyone else have an investment property mortgaged with a bank that is requiring their annual financials? I find it kind of odd. Like I’m re-qualifying every year. + +Also requesting me to use a checking account with them for my business deposit account. + +Stable tenant paying me rent. 5 year lease. Commercial investment property. +My market is currently very difficult to find a cash flowing property in. I have the option of putting 20% down and being cash flow negative, or putting more money down to force down the monthly payment, so that the property cash flows. + +In general, what is everyone's opinion on this? While cash-flowing is a nice feeling, I think it makes more sense to hold that extra down payment money as cash, and only use it if needed (or if another opportunity presents itself). Rents are likely to go up soon and I should cash flow within a year or two anyway. +We've bought our first investment property and I'm trying to decide what the best way to put the rental income to use is. This is a long term hold and the mortgage is 4.375 for 30. I was thinking about saving all proceeds for one year for future expenses, and then pre-paying the mortgage with the income. If the calculators I'm using are correct, the note would be paid off in 10 years. + +Is this dumb or no? +I have been looking at some multifamily properties lately in the southern California area and a lot of these things have CAP rates between 3.5-4%. I dont understand how it can be profitable to buy a property with such a low CAP rate, when the best interest rate you can get on a commercial loan is 5-6%. If you take away the ability to leverage, thats a big hit. Am i missing something here? +Okay I'm just going to post a timeline because I think it will be easier to follow. + +2001 - Family of 5 purchases a house with two people on mortgage, my mother and her sister + +2006 - My aunt brings home some homeless dude (he's Filipino and they're extra kind to other Filipinos for no reason) + +2010 - I begin to notice as a 13 year old that the house is starting to look like shit + +2013 - It gets really noticeable and other family stops coming to our house for gatherings and the homeless dude insists he'll fix it but only starts renovations and then quits like 5 days after removing flooring and stuff like that. My mother and I move out. + +2015 - Water is cut off everywhere in the house except for the main floor kitchen (there are three kitchens and three bathrooms) + +2016 - My mother finally realizes that the value of the house is nowhere near what it should be and offers to renovate, homeless dude plus my aunt absolutely refuse and say they will not let anyone in the house + +2017 - My cousin moves from the main floor, to the upper floor, where she occasionally has friends over. Since the homeless dude and my aunt never want anyone over, they intentionally destroy the entire upper floor making it even more unlivable, which forces my cousin back to the main floor + +2019 - By this point the ceiling is caving in, extreme water damage, no flooring in some rooms, damaged paint, no running water anywhere but the main floor kitchen, electricity cut off in many of the rooms, roofing long overdue, poor insulation, molding, etc. + +2020 - My mom gets into an argument with the homeless dude and my aunt about not maintaining the house, shortly after the homeless dude and my aunt start messing up the house even more + +Since then, we've given up. I want to do something about this, they are 50/50 on the mortgage. The homeless dude has got some serious problems and I'm pretty confident my aunt has some form of Stockholm Syndrome. The homeless dude thinks he owns the house, he even yells at my little cousins whenever they come over because they make noise... they're kids and they are only over before 8pm. If we force the renovation, I know for a fact he'll just undo it. + +What do I do? + +Going to submit an offer for $450k on a house (CA) listed for $500k. House needs updates and maintenance repairs. I estimate about 50-60k in repairs. + +Seller only accepts cash or conventional, no FHA. House has been on the market for 100-200 days. + +Market values of the houses around it are between 500k-550k + +What can I do to help me seal the deal? + +Thank you in advance!! + +FYI- for those that wonder why I would buy this deal: there’s a detached garage. Really big. I intend to house hack. +We were supposed to close escrow this week on a property we are selling. The buyers are backing out, so we are keeping their earnest money. + +Our listing agent did a good job, the deal fell through at no fault of his and he tried to keep it all together. + +Would you share some of the earnest money with your listing agent for all the work they did on the deal, even though it didn’t close? The EMD is 30k in this case. + +Thanks +For anyone who has a flexplus account with nationwide - they are now getting rid of the interest, previously 3% a month on up to £2.5k. The £13 pcm charge is remaining the same. A few other things relating to the fee free buffer (now removed) and benefits are also being adjusted. +Hey everyone, as the title says, I work for a wealth management firm that specializes in private wealth but we also do the backend office work for the majority of the banks in my country as well as facilitate transfers from our countries version of the IRS to retirement funds and banks. + +Recently we had a 'meeting' about blockchain, crypto and NFTs and holy shit the firm was really onto it all. We regularly hear the FUD about the environmental impacts of crypto against something like visa or how it can be used by criminals for illegal activity. My firm knocked them out of the park, they pointed out how those comparisons are BS because they dont account for the total carbon footprint of the traditional banking system. They actually went in depth to point out that lots of newer crypto currencies are using PoS over PoW which means we're using less energy and that a lot of the larger mining facilities are right next to energy production plants, typically green energy plants such as hydro. + + +They also mention that crypto is actually less commonly used for criminal activities than good ol FIAT. You know what else, they actually defended NFTs. They pointed out that they can be used for tickets, passports and more than just jpeg files of bored apes. + +Our company is actually intending on creating a subsidiary company based around blockchain wealth management. + +People you have just received a brief inside look into a foreign private wealth management companies view on cryptocurrency. When you hear on the news about governments being unsure about it or FUD just remember, the big boys dont give a crap and they're coming to make money and if crypto is where it is, thats where they are going. + +Oh and they said something about 2B people being unbanked or something and how crypto helps fix that which makes them bullish but whatever, who cares about TWO BILLION PEOPLE who stand to benefit from the expansion of crypto am I right lol. + + +\[EDIT 1\] More information around environmental concerns added. +After 2 recent moon missions and some downward corrections, Request Network looks like it might have hit its floor. It's making small moves back north, and after all the support, priming, and shilling it's received, especially on this sub, it's likely primed for another big jump up. It could be one to [keep an eye on tonight...](https://coinmarketcap.com/currencies/request-network/) +This got a lot of feedback. + +I just want to thank you all. A lot of you put my worries at ease for now. You all gave me very, very good input and thank you for helping me. + +I would have replied to all of you out of courtesy, but I'm still trying to tackle my last final of the semester, so I've been trying to get to you guys during breaks. + + +Thanks again for everything. You're all awesome people. + +Except for that one guy that was mean to me. He wasn't very nice. +If you're reading this for the first time, **it is** ***crucial you make it through the post..or at least the TLDR before considering the weight of the following novel discovery listed within the post.*** + +If you have assessed the post before and are back for a tit slapping update. **Simply find the edit at the bottom of the post regarding Finestone**. **A direct statement which my dumbass somehow missed...** + +***Directly tieing into the entirety of Phase IV of The Glass Castle - New Game +*** + +[https://www.reddit.com/r/Superstonk/comments/pki107/the\_glass\_castle\_new\_game/](https://www.reddit.com/r/Superstonk/comments/pki107/the_glass_castle_new_game/) + +For those who come here and desire to complain about a re-post. You may not have read my previous work and my resilience to suppression and bs. If you have an argument to make, be sure you can **back that shit up. Word alone will not validate your reasoning. Facts on the other hand?** **Well, now you've got my** **undivided** **attention.** + +If I have learned one thing from that massive drop over the weekend, it's the fact that there are ***thousands of other apes out there*****, who deserve to see what this post contains and judge the material for themselves.** + +If you think I'm in this for any kind of spotlight or placement on a pedestal. You're mistaken. I'll be back in the shadows once my goal is complete. Just as last time. That spot is reserved for **the truth**, and the **truth I have fuckin delivered. Backed with even** ***further substantiating evidence and credibility from the top Gamestop personnel.*** + +So, for those on the wrong side of this stock that find themselves taking the time out of their day to pester those on an online form based on baseless accusations in an attempt to spread fear, uncertainty, and doubt...**just remember - The only truth,** ***is the one you get away with.*** +Japan stock market chart https://imgur.com/e4dGc9R + +30 years later, still no new highs. They lowered interest rates to 0 by the year1999. They even went negative interest rates. + +Japan printed tons of money, here is there money supply chart https://imgur.com/ItGF96I + +Why did it no hit new highs, how did it not create stock&assset inflation? Their housing market is similar to the stock market chart, i believe too. What gives? +If a guy wanted to? Simply buy some currency? Invest in Bitcoin companies? When the news talks about it hitting 1600 and market cap increasing by a billion overnight what exactly am I going to invest in to take advantage? + +Edit: Wow. Lots of good information to digest here. Thanks a lot for everything you guys have shared and the links to other subs and sites. +Ronald Redfield’s notes to Jim Cramer book, ‘Get Rich Carefully.’ 2013 + +January 15, 2014 + +I was surprised how much I enjoyed the book, and how I agree with many (not all) of Jim Cramer’s discussions. I gave this book a 10/10 rating. I rate each book I read, and am up to 271 books read since I started tracking. I have read quite a few books more than once and some more than twice. Please let me know if you would like my spreadsheet of the books I have read. + +These notes are hardly all inclusive. I merely am identifying several of the sections, which I will perhaps refer to in the future, or will use as a reminder of sorts. I have occasionally put in my own explanation or thoughts after citing what Jim Cramer wrote. Please excuse any unintentional errors. + + +1. If there is just one conference call to listen to it would be Caterpillar. CAT gives you the entire view of the world economy. If CAT can’t sell their wares, then perhaps no one is buying. He writes, “CAT works as the perfect “tell” of the world economy, because it makes the world’s best product and it is acknowledged globally.” I am certainly going to try this in the future. I monitor world economies and freight loadings. I primarily do this via subscriptions at aar.org, daily readings and Barron’s. + +2. He also likes to read about the electricity usage in China. He does this via Joy Global. JOY is CAT’s biggest mining equipment competitor. He likes to use it as a proxy to China’s economy, especially since many do not trust the Governmental releases of China. + +3. Alcoa also gives a fantastic read of how the world is doing. + +4. Four other companies to judge the global economy are General Electric, Honeywell, 3M and United Technologies. These companies fill in the blanks from the others previously mentioned. + +5. Of course he likes to pay attention to UPS and FedEx. I say of course, because we pay close attention to shipping and freight loads. We also pay attention to electricity usage. + +6. He proceeds to build a large list of companies you could follow. Basically he mentions the leaders of each industry. + +7. Measure a company’s growth with that of its own sector and the rest of the world. +8. You can buy a company after analysts cut estimates. Not all earnings estimate cuts are a signal of bad things to come. Some cuts signal market bottoms. + +9. Don’t touch that core holding. He has learned often from his mistakes, whereas he has strategized that he would keep a company through thick and thin, and then often violates that rule. He claims it is almost always a mistake. I concur on all counts. Yet, sometimes a sale of a core holding is done to make room for other holdings. Most of our holdings are intended to be held “forever,” yet of course that is impossible for all holdings. + +10. Buy the best of breed. + +11. Be opened minded. + +12. If your thesis changes, sell the stock. Yet, I ask, what if it is a core holding (see above)? Don’t create a new thesis. I always try to practice this. Yet, you need to invert and always question potential subconscious internal bias or unknowingly kidding yourself (remember Aesop and ‘The Fox and the Grapes.’ http://en.wikipedia.org/wiki/The_Fox_and_the_Grapes . We use a checklist and always check to see if the thesis is changing. + +13. Watch for ETF induced volume and hence price swings. You can take advantage of that. + +14. Sector woes = Sell + +15. Retailing: Bad comparable store numbers mean sell. The exception to this is when the entire sector reports negative numbers. “I can count on one hand the retailers that were able to pull out of extended periods of negative comps.” Watch out for sudden deceleration of from a high comparable sales level to a low one. One month can be explained, extended periods are concerning. Another thought of mine is that same store sales are sometimes masked with different methods of computing or the determination of same store sales when the retailer is in the midst of many stores opening during the year. Just something to watch. + +16. Keep your emotions out of investing. + +https://www.facebook.com/RedfieldBlonsky/posts/630964540272891 + +http://rbcpa.com/Notes_to_Get_Rich_Carefully_by_Jim_Cramer.pdf +Last couple of weeks have been a rollercoaster for me. I bought in December before the hype started. Didn’t expect anything but thought I might as well try and see where the stockprice would go. + +The following weeks were amazing, there were a few dips but it recovered. Few friends of mine have even warned me to lock in some profits. But I got too blind, became too greedy to sell the stocks. And then it became a worldwide topic and everyone tried to jump on the train. This should have been the moment where I should have stopped for a moment and think. My top was almost 100K. I could have used this money to change my life. But I didn’t. + +Then this week came, I saw all my profits vaporizing. Today was again another low. Eventhough I didn’t lose money, I felt this. This was a very unique opportunity for me to improve my life. But I let it slip away. + +I’m still holding, as I don’t find it worth to sell the stock right now. I also became numb of all the posts I’ve been reading on WSB. No offense to anyone, but most of the times I’m just reading “hold the line” or “do not paperhand”, but none of the posts can back why we should hold or provide insights why it should go up. + +May this be a lesson for us. Set your goals and take profit when you think it’s enough. At the end of the day, everyone chooses themselves first. Nobody gives a fuck about you. We are here to make money, not to become buddies. If you can change your life with one trade, better be damn sure to seize that opportunity. + +To anyone who’s still holding. Good luck to ya’ll and I still geniunely hope that the HF, SEC and the government will somehow pay for this. But as of now, I’m not convinced anything impactful is gonna happen. +I was about to buy a house, had a viewing and really liked the property and location. I had the house RICS surveyed, cost £420. The surveyor pointed out that the house was riddled with damp, most of which was inexplicable and thus wildly expensive to fix, and had an extension that almost certainly wasn't signed off by building control. The house probably wouldn't have been mortgageable in its current state, and the cost of remedial works would have been £10k at the least. + +I don't think I'll ever get a better return on an investment in my lifetime; 2000%+ is unheard of outside of crypto. I hope this is a valuable lesson for everyone reading! +Hi PF, + +I recently had an interesting experience with a dentist office in my town. As a backstory, I went to this dentist when I was a child but recently moved back to my original hometown and coincidentally went back to my old dentist. + +After a recent cleaning I was informed that I had a past due balance from the year 2000. At this time I was six years old. I was informed that I owed about 100 dollars that was never paid. I told them that I had no recollection of coming here as I was so young and asked them why they had not tried to collect from my parents over the course of all these years. After telling me that they cannot talk about other patients without them being present, the receptionist then told me that my mother had a past due balance from 1998!! I'm almost certain this violates some HIPAA law. + +I told them that they can bill my current insurance for the cleaning today and I would speak to my father regarding the previous debt. + +I do not plan to go back to this dentist, this is very shady and I find it odd that they would lose me as a patient over an 100 dollar balance from 17 years ago. Trying to collect from a then minor is rather sad. + +Question, what power does the dental office have in this situation? Can they possibly send me to collections over a balance from when I was 6 years old? I'm now 22 for what it's worth. + +Also, this is NJ if it matters. + +Thanks! + +Edit: Wow this is getting more attention that I expected, thanks for everyone's replies so far, still reading! + +Edit 2: Wow even more posts, I'm still reading them all, thanks again for all the advice. +FINRA has just [issued new guidance](https://www.finra.org/rules-guidance/notices/21-23)"reminding" firms of their obligations of best execution when accepting or paying payment for order flow (PFOF). There are definitely some key things to see here. It's clearly focused on recent issues with Robinhood, and how they give hardly any price improvement, while accepting huge amounts of PFOF. + +&#x200B; + +https://preview.redd.it/d78rw9ipc7771.png?width=822&format=png&auto=webp&s=52d1e51c438a9423170a696918e93a670c738465 + +FINRA is re-iterating that best execution and best price trumps payment and inducements. FINRA then reminds firms of a notice sent in 2015, and lays out that firms have to prioritize price improvement opportunities: + +&#x200B; + +https://preview.redd.it/a4o6oz5xc7771.png?width=841&format=png&auto=webp&s=6ae22ad753b784686d4eb967dcd9f20165aeb6a9 + +I think the next part is one of the key passages. It's directly targeted at internalizers, and goes to the practice of them offering to give brokers either PFOF or price improvement - FINRA appears to be saying that this is no longer allowed: + +&#x200B; + +https://preview.redd.it/6f7ycg95d7771.png?width=833&format=png&auto=webp&s=35a8da5b402d9a929e8564dc73ecad1b6834cbd4 + +I believe this suggests that FINRA is putting firms on notice that new rules are coming, and they need to change their practices right away. This is a good step in the right direction, but it will be wholly inadequate without new rules and stepped up enforcement. +Backstory: + My father passed away a few years back sick and broke. He lost his house and any real assets along with his health do to a hit n run. He died with a car and a few hundread dollars in his acct and simple household posessions and medical debt. His only real asset is a couple acres of undevelopable land that he and his sister inheirited. They were both on the title and she is still living. + +My problem: + 3 years later the irs sent me a letter claiming he owes $30k for years he quit filing returns. The amount owed is a guestimate based off of his previous returns prior to leaving work. The years in question by the IRS are years that he was out of work, and recieving disability. What do I do, how to i get the irs to acknowlede he was out of work and not skippong oit on taxes? ive sent copies of his disability etc. And havent heard a single word back in 4 months. They continue to send letters asking for the balance, so what ive been able to do is getting me nowhere, does anyone have any insight ? Any help is greatly apreciated as I am disabled with a slew of condtions, i do t have the money or energey to fight this. + +Thanks for any info or help. +I have been putting a significant portion of my paycheck into a portfolio that's divided into US stocks, international stocks, and US bonds with a 60/20/20 ratio. Basically following the passive, whole-market investment approach that is espoused by this subreddit. However, I feel like this is essentially putting blind faith into capitalism and the free market. The justification is that the stock market has grown on average 7% a year over the past 100 years or whatever, but isn't judging future gains based on past performance one of the cardinal sins of investing? + +&#x200B; + +Of course I still believe that investment in the market will give me a positive return overall, however I am hesitant to believe these calculations that I'll be able to retire in X years based on a consistent healthy return. I believe it's possible that growth will slow down, or even be negative for years or maybe decades. This sub is reminding me of /r/CryptoCurrency in the heyday of last year, albeit much much more sane and measured. It's easy to be optimistic and confident in your model when times are good, but I am starting to believe that we're being TOO optimistic. Thoughts? +The further into my studies I get the more it seems like economics rests on utilitarianism, especially preference utilitarianism. Are there active schools of economic thought that reject utilitarianism? Any good books on this topic? +I asked this [over at /r/AskHistorians](https://www.reddit.com/r/AskHistorians/comments/8h0q7g/whats_the_difference_between_the_social_credit/) and was sent here. From what I've seen about UBI it seems similar to what used to be called Social Credit. What are the important differences? +If I am paid $23.25/hour it's because my work is valued at 3x minimum wage. If minimum wage is raised to $15 wouldn't I need $45/hour to stay the same ratio-wise? + +If I'm paid $15.50 now (double minimum wage) and everyone got a raise to $15/hour wouldn't that make everyone currently near that line quit or find a new job? +Hi! + +This is my first topic (and I think first post) on this subreddit, though I've been lurking here for a while. Capitalism is a monolith in the background - something that you know is there, but at least for me, something that you don't exactly understand as a normal guy in this day and age. I also don't know where to start in learning about it, which is why I came here. + +What kind of entry-level literature is there about capitalism? Which authors should I keep an eye out for? How about modern critiques of capitalism? +I want to start off by saying I don’t formally know much about economics, but I think it’s an interesting subject. I also live in the US, but I’d be interested to hear what’s going on globally as well. Onto my question though. + +I read an article recently on real wage growth, which stated that over the past 40 years, there’s been little real wage increase when accounting for inflation. I also think I remember hearing stuff about wages increasing at a slower rate that the general cost of living. That got me thinking: is this true? And if it is true, why? + +In the case it isn’t true, what’s going on, or is there even anything worth noting? And if it is true, I have another question. I was talking to my dad about the cost of buying a car when he was growing up (in the 60s-70s) as compared to now. He said a nice car back then could be had for $3500 (he didn’t grow up with a lot of money, if that matters), but now you’d be looking at $30,000. Does this price increase have to do with an increase in “quality” (safety features/features in general), and if so, could we generalize this to an increase in cost of living is in part begot by an increase in quality of products? Or, if there are historical cases where this is not true or happens differently, why would cost of living increase at a higher rate than wages? +People saying US trade deficit is really bad and China owning US debt and China buying up every thing. + +That the US has an unfair trade deal with China but China is getting rich of that. Can some one explain these terms and explain this better? +Stupid question I'm sure, but I've always struggled to understand the bond market. Mostly when it comes to why yields go down when the price of the bond goes up. Why would a bond that yields less interest be worth more? +I'm writing a study that analyses how the topic of debate changes depending on who is speaking next. + +I have 8,000 debates of various lengths. I have a continous measurement of how different each set of two speeches are in terms of their topic focus. For example, if a debate has 4 speeches. I compare the similarity of speech 1 to speech 2; speech 2 to speech 3, and speech 3 to speech 4. Giving my dependant variable 3 values. + +My regressor of interest is the two speakers' ideological difference (also continuous). I have a number of control variables. + +My current regression clusters standard errors at the debate level. In stata: + + reg topic_diff ideological_diff x1 x2 x3, vce(cluster debate_number) + +Where x1...x3 are my control variables. Clustering standard errors takes into account the similarity of speeches within a debate compared to between debates. + +However, debates tend to follow paths, which would mean the difference in topics follow some kind of time series? Am I correct, or have I done enough? + +Sorry for my ineptitude. Please ask me as many questions as you need! + +James + +Edit: just to add - I don't know how I would deal with having 8,000 different time series in a single regression, if I need to do so. I would ask faculty, but it's christmas! +We often see some of the greatest developments in culture, economics, technology and invention happen in western culture like the art like Picasso, DaVinci, philosophy, physics like newton and Einstein, biology like Mendel, automobile, vaccines, airplanes, rocket ship, space travel, Silicon Valley, etc. and through that, western culture has created some of the greatest economies in world history. + +Why has western culture developed such progress while many of the other countries in Africa, Latin America and many eastern Asian countries? Can we blame that on western conquest of so many cultures? But even so, how did western culture become rich and powerful enough to do that? +I am trying to understand the Cambridge capital controversy and while Samuelson math is beyond my understanding from what I can tell Robinson pointed out a problem while formulating what "capital" is on a production function which after 15 years of debate was proved as a correct criticism. + +What implications does this have to mainstream econ? Because based on my knowledge this is an important assumption which appears to be ignored. Samuelson said that it didn't matter but it appears to do. What would be the Post-Keynesian/accepted alternative to define capital? + +Thanks +Heya everyone! I've been wanting to enter the world of business and stocks, but I wanna be at least knowledgeable of what I'll be involving myself in to. + +Are there courses online that I could take which will walk me through the very basics of Economics(as if, I'm a starter with complete 0 knowledge)? Preferably articles as I'm trying to avoid videos because bandwidth is limited here at work. + +Thanks a bunch! +Volunteer's Dilemma, simply put, is when someone has a decision to either do something for the community, hence everyone (including yourself) benefits or to not do something (expecting someone else to do it so you maximise your benefit). Nash equilibrium for this is when EXACTLY one person volunteers. Yet, I do not understand how this is supposed to happen without any explicit communication between players. + + +Intuitively, I kinda see it as people who are more altruistic than others would volunteer whilst more selfish people start to volunteer less when they see that they could get away with it until only the most altruistic person is left. How do I get into the decision maker's head? The subject is obviously using Baysian probability but what kind of signal or heuristic is she using? +this is some of the best econ-related journals, and it's confirmed via other sources -- http://www.scimagojr.com/journalrank.php?category=2002 + +**'JEP' is an econ journal and is ranked high** + +https://en.wikipedia.org/wiki/Journal_of_Economic_Perspectives + +--- + +in the first link, when you filter by 'open access', 'JEP' doesn't show up anymore + +this makes a free + good journal very very very hard to find + +'open access' has many requirements -- https://en.wikipedia.org/wiki/Open_access + +**1) what would be the best (most effective) way for anyone to find out about the free journals that are also good across topics/subjects if 'open access' can't be used to filter for the freely read journals?** + + +--- + +'JEP' is likely the best free econ journal according to most people + +And the best econ journal overall according to most people is pretty clear from various sources + +**2) but what's the best econ blog to read weekly or monthly?** +What are some current, well-sourced review papers regarding wealth inequalities / wealth gaps in modern market economies? (both in the U.S. and the wider world) +Hey guys, I don't have a clue about healthcare. I've recently started researching Obamacare and Trumpcare out of curiosity from watching Last Week Tonight's episodes on the two policies. + +My question: while I understand you have to pay per month for Obamacare, how much does the government subsidize? If subsidize is the wrong word, then how much money does the government give the taxpayer? + +Is there a conversion rate for home much you get? Like for every 1$ you pay in premiums, the government subsidizes 100$. + +Due to my ignorance, my google-fu is limited. I don't know any of the proper terms to google, and/or I don't understand what I'm reading. + +Thanks in advance. +Title is a little self explanatory though without a doubt I will be pursuing a major in economics, I have quite the passion for it. For now I'm only doing two first year courses not too mathematically heavy so I have some free time. I have very little maths abilities and I am currently reading Basic Economics by Thomas Sowell. Though I understand his economic opinions are quite the outlier with current economic school of thought. (What would be the name of the current mainstream economic theory these days if there's such a thing?) + +So in a general sense I'm open to any tips that would allow me to be more prepared. But I would like to be familiar with more economic terms and theories and know what mathematics I should expect. + +Thanks in advance. +The most efficient arangement seems to be to have everything be in one language. The barrier to entry is extroadinarily high. It takes years to learn a language. And there are huge network effects. For instance, everyone wants to learn English becasue a lot of people speak English and everyone wants to speak the language that most people speak. +IMF policies and conditions have been criticized for pushing austerity onto developing nations. + +That said, do you think that these conditions attached to IMF loans provide a comparative benefit when compared to the alternative of a sovereign default? Obviously, austerity isn't "good," but is it the best option available? + +And if you think that IMF policies have been bad in the past, do you think the organization has moved away from austerity in recent years, and why? +Matt Rognlie left some critical comments on Piketty at Marginal Revolution. I'm curious to understand them better, but they're too wonky for me to wrap my head around right now. + +http://marginalrevolution.com/marginalrevolution/2014/04/more-matt-rognlie-on-piketty.html +I am trying to argue that an implementation of UBI would be possible here in Sweden with the use of LVT. **Is this a correct calculation or have I made some mistakes, any help whatsoever would be appreciated**: + +**I should mention that this post is purely about the forest, not all land in the country.** + +Lets start off with some basic assumptions: + +In Sweden we have: + +\- SEK is the swedish currency + +\- 28 000 000 hectare of forest + +\- The owners of "forest land" in Sweden consists of (2014 measurements): + +* 25 % privately owned companies +* 56 % private owners +* 14 % state-owned companies +* 3 % state-owned +* 2 % remaining to public owners + +The market price per hectare in Sweden is (based on which part, more forest the more north you come so it's cheaper): + +\- Norrbotten = 28 320 SEK = 3454,68 dollars + +\- Mellannorrland = 44 100 SEK = 5379,64 dollars + +\- Uppland = 88 510 SEK = 10797,10 dollars + +\- Western part of Sweden = 107500 SEK = 13113,63 dollars + +\- Southern part of Sweden = 116610 SEK = 14224,94 dollars + +So lets for the sake of it average this out; which will equal 77 008 kr, or 9394,00 dollars. + +If we were to apply a 5 % LVT to these hectares, but we leave out what the state owns, so we only calculate 83 % of the total hectares; which will equal: 23 240 000 hectares. + +The total value (according to market price) would be; + +23 240 000 \* 77 008 kr = 1 789 665 920 000 SEK + +(or in dollars) + +23 240 000 \* 9394 = 218 316 560 000 dollars + +If we then apply a 5 % LVT, then the tax revenue would be: + +89 483 296 000 SEK + +10 915 828 000 dollars + +In Sweden we have about 5 700 000 grown adults, let's say 6 000 000 (since the statistics only measure up to the age of 64). + +If we then divide the tax revenue from the LVT with the total amount of adults (6 000 000): + +89 483 296 000 / 6 000 000 = 14 913,88 SEK + +10 915 828 000 / 6 000 000 = 1819,3 dollars + +So with this argument; a 5 % LVT on the forest then you could give every adult citizen 1819,3 dollars (or 14 913,88 SEK). + +**Is this a correct calculation or have I made some mistakes, any help whatsoever would be appreciated.** + +Kind regards, + +Novadin21 +Many Americans are calling for tuition free university. How would that work? + + +Would American University rankings drop and research prowess drop? Will research funding end up being cut? + + +Wouldn’t standardising fees across all universities be more practical, as is the case in the UK and Australia? +In an effort to keep this apolitical, I'd rather write this as vague and from a hypothetical standpoint. + +Consider this, a decade from now the U.S. Supreme Court has demonstrated a path of binary voting along a particular party line. From an outside perspective looking at America, will this cause the dollar to weaken in any significant way? + +I'm not an economics expert, hence why I am here, but from my view the Dollar is as strong as it is because of the stability of the U.S. Gov: both its Defense force and the Three Branches providing a reasonable perspective of checks and balances. + +Should these check and balances come into legitimate questions from other nations, could this put the Dollar at jeopardy? Or at best (in a worse case scenario) cause the Dollar to lose some value? + +Rule V: It is obvious why I was prompted to write this, but I am making a good faith attempt here to write this in respect to Rule V. I'm not seeking a debate on the politics of the causality of my hypothetical scenario, I am seeking to understand the effects this would have in the given scenario should it occur as such. +As the Chicago Mayoral election season is coming up, I've been seeing a lot of Illinois government officials blaming each other for the pension crisis, but none proposing real solutions. Specifically focusing on Chicago’s pension crisis, if you were in charge, what solutions would you propose and why? Alternatively, is there even a solution at all? +A little background: I am currently an undergraduate studying Economics with a minor in Accounting. I also have a little background in coding (I was initially a CS major, but switched after my first year so I have knowledge of Java/C) and I plan to expand into Python/R/Stata/VB by self-teaching. + +One of my fields/careers I am considering moving towards is Finance, specifically corporate finance/investment banking/analyst jobs. I am planning on applying for Master's programs that steer me towards these job prospects but I'm not sure which ones to focus in on. Should I be looking at Business with [finance/accounting/consulting/management], Economics with [finance/accounting/consulting/management] or Finance/Finance with [economics/accounting/consulting/management]. +I strongly believe that this century will see "sustainability" morph from a hippy dippy enviro word to a physical reality of a finite planet. + +Modern supply-side economics however is firmly built around the pursuit of growth. More production, more capital, more goods, year over year. But to what ends? + +Could modern economics still contribute anything if stability was the new goal rather than growth? +To elaborate, let's say every country in the world decided to go, "I'll cancel your debt to me, if you cancel my debt to you." And just like that, every country's debt is gone. I know that this is impossible, but I'm curious. +I saw a redditor arguing bumping the minimum wage up to $15 and causing inflation would be a positive for the middle class, arguing it will effect other aspects of the economy to favor those in the middle income distributions. It got me thinking, so I did a slight amount of research and have more questions than answers now. [This](https://www.marketwatch.com/story/why-inflation-threatens-the-middle-class-2017-02-17) op-ed by MarketWatch argues inflation is a negative for the middle classes, but attacks it from the point of wages stagnating and prices rising continually, while throwing in a minimum wage increase making things worse. But [this](https://www.washingtonpost.com/business/economy/is-there-good-inflation/2012/10/16/c7c11ad4-1796-11e2-a55c-39408fbe6a4b_story.html) op-ed from the WaPo claims there are different types of inflation, and some of those are good, while some is bad. + +I'm not well versed enough in economics to make my own decision regarding the information I'm being given. +I've heard many times that private interests established and benefit from central banking but if this is true how does that actually work? + +For example, my understanding is that the Federal Reserve pays only 6% dividends to its private shareholders and the rest goes to the Treasury. There does not appear to be much private benefit there. + +Is it that they can get money cheaply from the fed and then lend it out for greater profits? That makes sense but if there were no central bank at all couldn't they simply make the money themselves when they issue loans without the reserve requirements and bank rates that central bankers impose? +I'm trying to read [a summary](http://www.mit.edu/~rdoody/Economic%20Justice%20Handouts/EconJusticePIKETTY.pdf) of Piketty's views expounded in *Capital is back: Wealth-income ratios in rich countries 1700–2010* (Piketty and Zucman 2014), and Piketty's 2014 book *Capitalism in the 21st Century*. + +Piketty argued that r > g causes inequality. + +r = rate of return on capital + +g = growth rate of the total income flow + +But r has units of 1/Time, and g has units of Money/Time^2. Their units are totally incomparable. Unless there is a characteristic time (1 Year?) and a characteristic money (100 Dollars?), it's meaningless to compare them. +Hi, I'm studying economics and was wondering about entrepreneurship as a factor of production. + +My question is how much can it really be factored in as a quantifiable part of production? Labour can be measured in hours worked, capital in machines or raw materials. Entrepreneurship seems to be out of place as quantifying it as one entrepreneur means nothing, similarly one unit of 'entrepreneurship' is meaningless. Is it a way of quantifying risk? + +Also, entrepreneurship lends itself to private production, what are the ramifications then for state production? Is there no entrepreneurship in a state company? + +Can entrepreneurship be meaningfully quantified, or is it a purposefully abstract concept, and then how important is it? + +&#x200B; + +Thanks +I recently discovered that every U.S. state has some form of property tax, as does almost every country I could find (with the exception of very tiny ones like Malta and Monaco). + +I'm assuming (perhaps wrongly) that, given this tax is so uniformally imposed, the impact of it is either significantly positive, or it has essentially no effect relative to other taxes. + +Why does nearly every jurisdiction have this tax, and what would be the consequences of abolishing it? +Hi, i'm writing a novel with a city state which is completely isolated .. there are no other cities countries communities nearby so there are no external sources of income (well there is one other smaller city, but that city is being almost colonised by our city and people in the smaller city work and mine resources for the bigger one, but i don't know if this qualifys as external source of income ) +so i would like to know if you know of any similar examples of completly isolated states or city states, or any considerations in terms of how they're economy works + +thanks +China took off economically after '89, and India is not too far behind when it comes to GDP Growth Rate. Around 2 years ago, China's economcy, by PPP GDP, surpassed the USA. However, why is India's PPP GDP expected to surpass USA only in 2050? + +If for decades, India's economy was growing as fast as China's (or even surpassed!), how come no economists expect this to to happen in the future? + +It's sort of like viewing India's economy as one that would never recover the growth lag that [China only saw in '63 onwards.](http://www.livemint.com/r/LiveMint/Period1/2015/03/24/Photos/w_oped.jpg) +I had an epiphany and I would love the opinions of those that are wiser than I. + +Trump cuts tax rates to help businesses. Approximately 1.5 trillion dollars was cut in taxes. That's a big hole in the government's pocket and a boost for him in the eyes of big business. Now. Forecasts predict that the added deficit will be arriving closer to 2.3 trillion (over 10 years). That's not good. + +So.... He creates a trade war in order to pay for the tax cuts and to create an illusion of "the enemy". + +Now business has the tax cuts. We pay for it(in the form of tariffs) and he creates an enemy to blame. + +So, in the end we; the people, the consumer, are paying for the discounts given to business and he fills the hole with our own dollars. + +Does this make sense??? +This sounds like an easy question (number of shares times stock price), but it gets a lot more complicated. There are restrictions on such giant stock selloffs to prevent insider trading and market fluctuations, and the CEO bailing would surely drop the stock price rapidly, so he’d walk away with a *lot* less than his current net worth. + +So, if Jeff Bezos announced that he was pulling out of Amazon completely and selling all the Amazon stock he owns as fast as legally possible, how much would the stock price be likely to drop, and how much money would he have at the end of this? +I can understand why you wouldn't want something like a paper mill (that awful smell) or an airport (that noise) next to housing, but as long as it isn't loud, ugly, or stinky, why restrict it? Traffic? Rent seeking? + +It's brought up frequently that zoning laws are a driver behind high rents which sounds like they can overregulate a lot. + + +Hello Reddit. + +who am i: I am a 26-year-old software engineer student from Denmark. + +So after seeing some posts about economics in the US VS economics in Scandinavia. I decided to do some calculations, and I was hoping you guys would be able to provide me with some solid information about the cost of living in the US. + +So far I have done the most basic thing and compared a minimum wage in Denmark VS the minimum wage of Amazon workers, which is 15 USD. + +Why are we doing this? + +well, I wanted to compare a couple of countries on different parameters so we could see which citizens had the most money available after having paid off: + +* Rent +* Food +* insurances +* Healthcare +* Education +* transport (Car) + +I think as a start we should compare in these personal parameters: + +* Single apartment +* minimum wage worker +* Car +* Full Healthcare ( dental excluded) +* Basic insurance on apartment and car and harm on others. + +After comparing the lowest earnings it would be fun to do the middle class, and then a high salary. + +and I would also like to try with a country that has universal healthcare but has a more struggling economy. + +\------ + +So, here is the math so far + +minimum Denmark: + +110 DDK per hour = 18,13 USD + +monthly: 18.13 \*160 = 2928 USD + +Danish Taxes for low income: + +37% - 660 (the 660 dollars is tax free) + +2928 - 660 = 2268 + +2268\*0.67 = 1519,56 + +1519,56 + 660 = 2179,56 USD after taxes in Denmark for minimum wages. + +now I don't know much about taxes in the US so I just found the tax brackets and applied at 10% (please feel free to correct my calculation if it is way wrong) + +15 usd per hour + +monthly: 15 \*160 = 2400 USD + +US taxes for low income: + +2400 \* 0,90 = 2160 USD + +Note: the reason why I didn't use the US minimum wage at 7.25 dollars, was because I was unsure of how many people got paid that small amount. +Assuming they do, when the future price rises, they buy at a high price. When the future period is over and they can pick up the oil, are they allowed to sell the refined oil /gasoline for higher too? Is there some legal rule that determines their markup? Thank you +I know it creates inflation, and if a government keeps on creating more money to pay for services and its debt, there is a real risk of hyperinflation, but in the 2008 crash that is what they did to inject the banking system with liquidy. I was thinking, as automation replaces millions of jobs and increases the wealth of large corporations, as well as severly decreasing the size of the middle class, could quantative easing for the purposes of providing public sector jobs for people be the only solution to stop mass social breakdown? I mean, the government borrows money to create jobs in the Keynsian economic model, and with growth there is always the risk of inflation, so why not just print money to put into a specialised jobs fund, to fund things like a Green New Deal? Not all the time mind you, I'm not a religious follower of Modern Monetary Theory, and I think classical understanding of money through taxes and what have you is best most of the time, but I think in special circumstances MMT could be the only solution other than mass unemployment, especially since debt levels just get higher and higher and we're on the verge of another economic crash. I know inflation would inevitably rise, but is it possible to do this whilst keeping inflation at managable levels, say around 10%? +I'm studying econ in my free time, and am looking for where to go next after finishing introductory micro (Perloff) and macro economic (Jones) textbooks. Most reading lists, for example the /r/economics one [here](https://www.reddit.com/r/Economics/wiki/reading) suggest starting with introductory textbooks, and then list a lot of books covering individual topics, e.g. *Thinking Fast and Slow*, some Friedman , *Why Nations Fail etc* + + +I'm of course not doubting there are many valuable things to learn from these texts, but I think I'm still looking for a more wholistic view than what these books are intended to offer, which seem to be covering specific topics, and probably more aimed at mass readership than specifically teaching undergrads. I still have only a fairly basis understanding of macroeconomics from the introductory text (presumably around what someone would learn from one semester of an undergrad degree), and I'd really like to just have a harder textbook to cover more advanced topics in a rigorous way. Are there standard 'second' macroeconomics texts out there? + + +To give an example, if I wasn't aware that an advanced topic like DSGE exists, what kind of textbook would mention this and various other advanced techniques from the last 50 years, and cover them with rigour?. I'm not necessarily specifically interested in DSGE per se, more in getting a feel for what is actually used in the field irl, or has been in recent decades. +My Boss asked me today what the velocity of money is. I did a little research and gave him the answer that I came up with. He then said, "Good, now why is it important to a small business?" And I really don't know what to tell him. + +For some context, he is an attorney specializing in real estate, and I've partnered with him to work on a real estate flipping company. I'd really like to understand this better and be able to answer his question. +I am not an expert on economics at all but I from what I know, the rational consumer is expected to find the way to maximise what they can get for the least amount of cost. Does it then make sense for a rational consumer to steal things if they can get away with it? I don't mean shoplifting for example as it carries a large risk, but maybe saying on UberEats or something similar that their food arrived cold and getting it for free. Is this a rational or irrational action? +Background: I'm trying to put together a methodology for a study that, among many other things, should try to project future demand destruction for certain large commodity markets in the face of price increases. Naturally, that requires an understanding of the price elasticity of demand. I'm well aware of the fact that price elasticity is tricky to calculate, changes in long-run versus short-run, and changes based on the position on the demand curve. + +However, I have an orgy of data that I can use to minimize potential distortions: + +* Historical demand, supply, trade, and inventory numbers by major region and globally going back at least 30 years, possibly more depending on commodity +* Historical standard delivery point pricing going back a similar number of years, including multiple different regions +* Historical aggregate capacity utilization within the industry, by year, for the same time frame + +Naturally, however, this is tempered by the fact that both long-run demand and supply shift towards growth over the time frame, so it's not a single demand curve. Similarly, I don't see any method of reconstructing said demand curve at any instantaneous point to do something trivial like get a point derivative-based estimate. + +What I think I'm left with is to estimate short-term elasticity during any given year using the arc/midpoint method year-by-year and perhaps long-term elasticity of demand using a 15-year running average of, say, five-year arc/midpoint method changes, and then seeing if any overall trends come out. This is deeply unsatisfactory to me considering the sheer amount of data I have, and I feel as though I should be able to do something to improve the estimate. + +So, any tips? + +PS: I'm not an economist. I have some background in political economy and through it, the basics of intermediate (calculus-based) micro and macro, as well as more than a decade of reading NBER papers and such that interest me. Most of the papers I've read on demand elasticity, however, operate on data that is much less granular and complete than my own and mostly cover how they get that data. +I hear people argue that fiat money is "worthless" because its not backed by anything. I can sort of understand the idea behind this but I it exists for a reason. Can someone recommend a resource out there that will explain why we have fiat money? +Hey guys, so I just bought the book Lectures on Public Economics by Anthony Atkins and Joseph Stiglitz. It's a decent read, not too dry, but I don't like reading one sole thing (however I do like the incredible amount of citation they use). What supplementals do you recommend to consider in addition to the text? + +PS: About me, I was a biochemistry major, not econ; however, I ended up doing SI for econ (like being a TA) and learned a lot teaching it for 2 years. +How can you tell whether a time series has a constant average value over time with short term changes caused by shocks versus a series that has a permanently changing value over time? +Hey Folks. + +I've recently spent some time learning about economics/finance/the history of money, and one thing I can't really wrap my mind around is this: Is there a clear benefit to using gold/hard currency over fiat currency? Or is it the other way around? Some of my thoughts on this are below: + +Gold/Hard Currency (i.e. Bitcoin) + +\- Benefit: Hard to devalue, thus acting as a better store of value (I understand there are caveats to this - gold can technically be inflated, as it was during the 16th/17th century). Generally, there is a higher stock-to-flow ratio. + +\- Benefit/Con: Capital is more scarce, and therefore lending patterns will better take risk into account, and we are less likely to have large asset bubbles. However, this also means that it is more difficult for say an entrepreneur to get a loan for her business, thus hindering economic expansion. In addition, fighting a liquidity crisis is difficult, since money can't be printed to respond swiftly to such a crisis. + +Fiat Currency + +\-Benefit/Con: The supply of money can be adjusted to increase economic growth/dampen recessions. However, access to easy money may increase the risk of bubbles in the first place. + +\-Con: The stock-to-flow ratio is low, so the currency can easily be devalued. + +Can anyone add/comment on the above to help me make an informed decision on which of the above two is better? Or if it is more nuanced, can you explain to me why that is the case? + +Thanks dudes +Labor force participation rate excludes "discouraged workers," which are unemployed people who have stopped actively seeking work. For the duration of receipt of unemployment benefits, job search activities are enforced and monitored, so that is easy to track. But once someone exhausts their unemployment benefits, how are job search activities measured? And thus how is someone who exhausted UI determined to be a "discouraged worker" or still looking? +Many of the largest recessions I am familiar with in the USA (Panic of 1893, Great Depression, 2008 recession) are often blamed on financial crises or bubbles. Is this accurate, and are most recessions like that? +I am only interested in Economics from an amateur reader point of view. But can someone list all the problems which you think are going to bite the world in the ass in a major way? + +Eg : Automation, Ageprob, Unmanaged incentivization etc. +I'm a High School senior with a passion for Politics and particularly Economics. I have a strong understanding of contemporary issues when it comes to Economics, but I want to get into the nitty gritty, in addition to taking my AP Economics class. + +I was gonna pick up *The Wealth of Nations* but was told it's a rather difficult read due to Smith using "old english" and it being partially outdated. + +Any better book recommendations? Basic Economics by Thomas Sowell was also something recommended +https://www.federalreserve.gov/monetarypolicy/bst_fedsbalancesheet.htm + +What's stopping the banks from withdrawing it and circulating it? Is there anything that says they can only withdraw so much at a time? Are they waiting for bonds to go bad? +This question has been rattling inside my head for quite a while now, and it came to the forefront when, due to COVID-19, the UBI discussions started up again, so now that I finally remembered to post it while not already in bed, here I am. + +Basically, what I'm wondering is this; since everything is sold for as high a price as it can be (what people are prepared to pay, or are capable of paying), if every poor person was magically elevated to the middle class standard, wouldn't prices also rise to match (mainly due to workers requiring higher wages for low-skill labour, but partially due to the lowest common denominator, disposable wealth-wise, rising to middle class-level), followed by increased wages for jobs requiring higher education to attract talent, effectively recreating a new working class, with effectively the same purchasing power? +This is obviously a theoretical question at best, so, to avoid a whole discussion on outsourcing and international trade, let's say that the country this experiment is run in is a closed economy. +There’s been a lot of news and comparisons lately about the US and other first world countries. Let’s take Norway in particular, which (arguably) has a better standard of living, education, and overall happiness level, but much higher taxes. + +I’ve seen time and time again people say that you can’t compare countries like Norway or Germany to the US because the US is many many times the size (geographically and population-wise) and so demographically diverse. Norway is mostly white, has lot of natural resources, and is small. The argument I’ve seen is that there’s no way we could ever have the same standard of living in the US (politics aside) that Norway does because of its size and homogeniety. + +Frankly, that argument doesn’t seem to hold for me. I’m wondering if there’s an actual economic reason why this might be true. It might be easier to sway things politically if your population is homogenous, but that’s not a proof; it’s an excuse for why the US is the way it is today, IMO. I’d like economic reasoning why a system as one in Norway couldn’t reap the same outcomes in the US. + +Thanks in advance! +With the massive stimulus packages throughout the last year, have they been financed by borrowing money or printing it? same question goes for the rest of the world's countries +in dynamic models, there is an equilbirum path, but that idea is kind of confusing to me. If I understand correctly, even in static models, the equilibrium analyzed is assumed to be the result of some dynamic adjustment process, but we are just ignoring the dynamic transition and focusing on the actual equilibirum. + +in dynamic models, is the equilbrium a time path the variables follow? in which case is it a similar intuition, in which say time t=1, there is a adjustment process to meet the equilbrium conditions, then t=2, another adjustment process etc.(so like a repition of the static equilbrium), or is it assumed that once adjustment is made to equilibrium, if nothing changes conditions will follow the path exactly? +There is this [graph I found from an article](https://imgur.com/a/GcsjBle) by a Marxist, and they conclude that (in their words) "There is no clear correlation between GDP growth and the size of the public sector," even going as far to saying "This means even if we extend this out to 100% public ownership, we would not expect a significant difference in GDP growth." It seems as if they themselves created this graph, so I am not sure if they did it correctly. This graph is contrary to the notion that Privatization and economic freedom is *generally* superior than nationalization. + +I was a bit confused on this because I found another [graph](https://imgur.com/a/uDM8K3G) showing a strong correlation between economic freedom and per-capita income. This graph however uses the "Index of Economic Freedom" which I am not sure is reliable or not, as I have heard many criticisms of it. + +So I found another [graph](https://imgur.com/a/2y0sBKL) that uses the World Bank's "Ease of Doing Business Index" and it also showed a clear correlation between higher rankings on it and GDP/capita. But this specific index got discontinued because there was reportedly a [scandal in data manipulation.](https://en.wikipedia.org/wiki/Ease_of_doing_business_index#2018_manipulation_scandal) + +I am a bit confused. Is this Marxist's graph right? Are the "Economic Freedom" and "Ease of doing Business" Indices generally reliable? If not, then which ones are more reliable? And what is the empirical evidence showing that privatization is generally more beneficial than nationalization? +Current minimum wage right now is like 7 something. Wouldn't doubling the salary of millions of Americans drastically raise the prices of everything due to more people having more money thus crashing the economy? + + +Also, what about the higher skilled jobs that currently pay $15 an hour? Surely those salaries will have to increase proportionally as well if not then those workers can just opt for easier jobs for the same pay? +Hi, it's my first time posting on this sub and I was hoping I could get some advice on how to do research on economic papers. This is my first class where i've had to write my own 30 page research paper and i'm having a lot of trouble in terms of finding more basic papers. I want to write a paper on the determinants of wage gap between immigrant and non immigrant workers either in the US or Canada. I was thinking of focusing on either asian immigrant / non immigrants or black immigrant / non immigrant wages and what the main factors are in determining this wage gap. However I'm having trouble finding papers on the topic and the ones I do find seem to be rather complex. The biggest issue i'm having is setting up my empirical evidence in the form of setting up my OLS regression model. If anyone has any research tips advice or specifically how I should be setting up my OLS I would greatly appreciate any tips. Thanks a lot for anyone who takes the time to read and respond to my post. +I searched "Hakim" in this sub but couldn't find any post related to him. So, in case you don't know, Hakim is a radical Iraqi Leftist YouTuber who absolutely hates capitalism from his core. Some of his claims in his channels are: North Korea isn't as bad, its actually better than US in many ways, Economic calculation problem is absolutely false, Capitalism doesn't work at all, US is actually worse than socialist countries and that it only survives by waging war against socialist countries and forcibly breaking socialist countries so that their regime don't feel threatened. + +This is his video: https://youtu.be/FEHYeeRCtVI + +Here, he presents an old paper: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1646771/ + +This paper basically says that even though socialist countries are invaded and disrupted by US, they still have better physical quality of life. In the video, Hakim goes through some of the counter-arguments (he has the habit of abusing, so warning you) and ultimately concludes that it had been empirically proven that socialism is better than capitalism but in order to show the world that capitalism is better, US deliberately invades and tries to disrupt socialist utopia. + +Now, I am from India where economic liberalization of 1991 is usually considered a boon by most economists. However I couldn't point out any flaws in his arguments because, well, I am not an economist. Can you explain what are the problems in his argument, if any? Or has socialism really been proven empirically better? +I've read in a few different articles that the Trump administration might to pull out of the WTO and put a 5% or 10% tariff on all imported goods. How would this affect foreign businesses located in the US (such as HM or Samsung)? Do you think they would leave? +Like the Maxwell eqns of EM and the axioms of math, what be an equivalent in economics that serves as foundation for the rest of the theory? Would optimisation (cost min or profit maximization) qualify as a universal truth of Econ? + +Sorry for the wordy title + +Thanks + + +Hey everybody. I am trying wrap my head around supply and demand concerning the buying and selling of shares. My current perception is that a company has only so many shares available to be traded in the market, this makes a supply. If only 1 out of 10 shares are available for purchase, this would make that 1 share a low supply, and thus a demand would go up, in the pure sense without considering the value of that company and in affect it's shares. That seems simple enough. + +What I do not understand is what other factors would determine the value. I understand value is more or less a general opinion and in the eyes of the beholder, but why would a specific share be determined at a specific price? Is it something as simple as the company itself is asking this price? +What is the best way to learn basic economics and become informed for someone with no prior economics experience. Also does economics require a lot of serious math? I am bad at mathematics but want to be informed when I hear people debate economic policy. Are there any concise texts that give a good overview for a layperson? Thanks +There is this [graph I found from an article](https://imgur.com/a/GcsjBle) by a Marxist, and they conclude that (in their words) "There is no clear correlation between GDP growth and the size of the public sector," even going as far to saying "This means even if we extend this out to 100% public ownership, we would not expect a significant difference in GDP growth." It seems as if they themselves created this graph, so I am not sure if they did it correctly. This graph is contrary to the notion that Privatization and economic freedom is *generally* superior than nationalization. + +I was a bit confused on this because I found another [graph](https://imgur.com/a/uDM8K3G) showing a strong correlation between economic freedom and per-capita income. This graph however uses the "Index of Economic Freedom" which I am not sure is reliable or not, as I have heard many criticisms of it. + +So I found another [graph](https://imgur.com/a/2y0sBKL) that uses the World Bank's "Ease of Doing Business Index" and it also showed a clear correlation between higher rankings on it and GDP/capita. But this specific index got discontinued because there was reportedly a [scandal in data manipulation.](https://en.wikipedia.org/wiki/Ease_of_doing_business_index#2018_manipulation_scandal) + +I am a bit confused. Is this Marxist's graph right? Are the "Economic Freedom" and "Ease of doing Business" Indices generally reliable? If not, then which ones are more reliable? And what is the empirical evidence showing that privatization is generally more beneficial than nationalization? +Hello, I have been researching the Soviet economy. I have found economic growth rates from Bergson who found economic growth rates to be 11.9% annually with 1928 prices and 5.5% annually with 1937 prices. Which price weight is it better to use for economic growth of 1928-1937 period and why? +Debates about inequality on Reddit and in the popular press often devolve into ideological battles about equitable distribution: one thinks it either is or is not *fair* that one person controls X% of income while another person only has Y%. + +But what economic research is there about the changes that extreme inequality causes in the real economy as a whole? For example, I've been fascinated/disturbed by the huge rise of private security companies worldwide: in the [UK](https://www.theguardian.com/inequality/2017/may/12/industry-of-inequality-why-world-is-obsessed-with-private-security), for example, there are now more people employed as private security than as police officers. Relatedly, you sometimes hear that industries like [yachts](https://www.forbes.com/forbes/welcome/?toURL=https://www.forbes.com/sites/douggollan/2016/04/13/the-superyacht-industry-is-poised-for-growth/&refURL=https://www.google.com/&referrer=https://www.google.com/) are growing quite rapidly. + +Has there been any work in economics that tries to measure the social costs of these changes? For example, every person who is working as a security guard or yacht designer is also someone who is not working as a construction worker, doctor, teacher, engineer, computer programmer, nurse, whatever. Maybe inequality isn't high enough for these changes to be significant to economy as a whole, but curious if any economists have done work on this topic. +I'm going into the junior of my economics degree, which I've recently made a double major with finance, and I'm worried about my chances or even the possibility of going to graduate school for economics. The school I go to is a regional public university and so far I've done relatively well with a 3.90 cumulative gpa and a 3.95 major gpa, but from what I've read if my major isn't math intensive or highly regarded, even with relatively high grades, I have a fairly low chance of getting in. I've tried to take as high of a math intensive course as I can with my schools degree plan, but I fear it won't be enough. I've taken the advanced cal 1/2 and matrix algebra that my school offers and mathematical economics, but from what I've read these are seen as requirements and don't add any benefits to applications. My school also doesn't offer any research opportunities to undergrad economics major. I added the finance double major out of fear of getting a job if I was incapable of getting into graduate school, but now I fear that I've severely handicapped myself as I'm no longer able to take extra math electives at my university to help my chances of getting in. Should I drop my double major and add a statistics minor, stay the course with my double major and take as many high level math courses over summer at my local community college as I can, or give up on graduate school and focus on finding a job after college. I've read that masters program can be a useful stepping stone to get into a phd program, but I don't think I would be capable of affording one. Any suggestions would be useful. +I saw an article that said pork and fruit terrify are going to impact that market. Will the predicted decrease in foreign demand due to the increased pricing as a result of the terrific cause a domestic decrease in price due to the larger domestic supply? +In the past few decades there has been significant social pressure for women to persue careers and enter the workforce. Let's say 2/3 of women enter the workforce, now the supply of labor has drastically increased. Since the supply of jobs hasn't changed, would this contribute to stagnating wages? + +If so, have there been any attempts to quantify the effect size? Is the effect localized to jobs women prefer (like healthcare)? + +I'm curious if this thought process is logical and if there are any confounds i didn't think of. + +Further reading and sources are greatly appreciated! +I am an Accounting major, so I am going to use the little knowledge I have (econ 1 & 2, Bloomberg market concepts certified lol) to ask this question. + +Is the biggest concern amongst economists the possibility of the U.S. defaulting on its debt service obligations? Because then things could just go downhill from there (higher yield rates/lower revenues/U.S. credit rating). Because I feel like I rarely read anything written by economists concerned about the national debt. I am really just asking for the likely potential issues this could pose on Americans not really solutions. Thanks! +In the past few decades there has been significant social pressure for women to persue careers and enter the workforce. Let's say 2/3 of women enter the workforce, now the supply of labor has drastically increased. Since the supply of jobs hasn't changed, would this contribute to stagnating wages? + +If so, have there been any attempts to quantify the effect size? Is the effect localized to jobs women prefer (like healthcare)? + +I'm curious if this thought process is logical and if there are any confounds i didn't think of. + +Further reading and sources are greatly appreciated! +I hope the terms I use, if not formally correct, are clear enough in their intended meaning. + +I know that currency isn't backed by precious metal for the most part anymore. But, my impression is that the total amount of monetary wealth in the world, while not static, is finite in some sense -- even if you create value, it is only real value if you sell it or borrow against it. The money received from such transactions is already extant. And governments, while they do print or otherwise generate a certain amount of money "out of thin air," can't do that too much, or you get inflation, right? + +So here's my question: there are several very-large-scale holders of monetary wealth in the world. This wealth is increasingly sitting in banks, accruing interest at a ferocious rate. Whatever tiny sums the holders of this wealth send out into the world to maintain their day-to-day needs is negligible in comparison, even figuring in an alarming scale of opulence. Assuming nothing affects this situation in any substantial way over time, won't almost all of the money (I don't mean literal cash, but the dollar value of holdings) eventually wind up (out of circulation and) absorbed into these gargantuan holdings, as interest accrued? + +Or do I have a fundamental mistaken assumption? +I was very curious on why the minimum wage in Canada and the US (and others most certainty but I am Canadian and have lived in the US before so my knowledge is limited to these areas for now) is below the poverty line for most provinces and states. + +The simple answer to improving poverty would be “increase minimum wage” but i can’t imagine it’s really that simple or easy of a solution. I’d like to know why it isn’t easy or simple, and thanks in advance for answers! +For instance, your lowest paid workers earn £14,000 and the CEO is limited to 10x that at £140,000. +The thinking being that this would create an incentive to pay workers more so that the CEO can earn more. +I've just finished reading the book "Why Nations Fail" by Daron Acemoglu and James Robinson and would like to know your thoughts on it and perhaps follow up with some intellectual brainstorming. +The SP500 has consistently grown since it started but how much certainty is put in it’s growth one or two hundred years into the future? Are there any futures or other ways to figure expected value that far out? +I spend \~200/300€ monthly on weed. Smoking for 10+years, for 7years daily. + +I don't wanna know how much I could have earned if I invested that money into something useful rather damaging my health. From this day, I will invest that money monthly into Bitcoin (DCA'ing), also I try to buy more on dips >10% and HODL until the next bullrun. + +Wish me luck, see you in a few years + + +\*Edit: Thanks for your input. I know that stop smoking weed won't solve my bad habits. +Right now, I have a higher possibility though, to successfully transfer those habits to other things like bitcoin. I will still try to work on myself, in order to find out what's my max. potential before it's time to leave. + +Hello, + +I am in my mid 30s in Canada and thinking of leveraged investing. Specifically, plan is to borrow $100k from bank using line of credit at interest rate of 2.2% (able to get this rate as I am a physician) and invest in a well diversified ETF of 80%stocks and 20% bonds such as Ishares AOA which is expected to give returns of 7-10% per year in long term. I can afford the $2200 per year of interest charges. Have no problem with buy and hold strategy, so will continue to hold the ETF during the downturns. Would you recommend this strategy and is this a good way to generate wealth and reach financial independence sooner? I am still learning about this strategy and I am starting to prefer this over real estate investing as it's much less work and hands-off. Real estate has given returns of 15-30% in canada over last decade but it's much more work. Thanks for reading. +Trustswap +https://www.coingecko.com/en/coins/trustswap + +Okay guys I've spent the last two days learning about this token and I've come away very impressed. I think this token may be a serious contender for best performer this year. On the TrustSwap social platforms it feels like 2017. Here's some info about the company. + +TrustSwap is a DeFi project created by the founder and CEO of Uptrennd Jeff Kirdeikis. Most notably he has the largest cryptocurrency investing group on Facebook, and he is what Tom was to MySpace but for Uptrennd. He host The Bitcoin and Crypto Podcast which is actually very good, and he has a massive following on Twitter/other social. Better yet, this guy is a marketing genius like a less annoying Justin Sun. He has a pipeline of good news lined up and knows when and how to release that information on the masses. Everything he does seems meticulously thought through. He continually affirms his commitment to get SWAP listed on high volume exchanges with MXC yesterday, Hotbit today, and Houbi/Bitmax tomorrow he is actually succeeding. He is also very responsive and has team moderators standing by in the social media channels to field questions/vanquish FUD. + +Here are the basics: + +TrustSwap is building a DeFi ecosystem that will start out as a simple P2P trustless escrow and payment platform and evolve into a fully decentralized exchange (DEX) with leverage and futures options all offered via non-custodial smart contracts. They will also offer multi-chain token wrapping as a service and on-chain governance using the native ERC-20 token SWAP. + +Imagine being able to wrap BTC, Monero, Digibyte, or any crypto and then trade it on uniswap, or have it interact with Ethereum compatible wallets, and applications. + +Through this, you can move funds cross-chain without ever having to sign up to a Centralized Exchange, allowing you to never have to KYC, staying fully anonymous across exchanges. + +Wrapping tokens also offers huge benefits to new blockchain projects that have their own chain, allowing them to save massively on listing fees, as well as instantly be connected to strong wallets and decentralized exchanges. + +This puts the ability to trust back in the investor's hands and might spark a new ICO boom as new projects eager to establish credibility rush to use it. So yes beautiful wrapping everything layer 3 solution my brothren. And highly incentivised holding economics, for example rewarding users from fees collected from the DeFi network! And staking; + +All fees paid to the platform will get split as follows: + +80% goes back to holders as staking rewards + +10% are burned forever (adding that value back to token holders) + +10% goes to the dev fund which can be used as the community sees fit + +This project has massive potential and is already building a strong community foundation with big moves coming soon as more exchanges and markets come on board. The staking and deflationary tokenomics make this a long term HODL for me. + + + +Token Metrics: + +Total Supply: 100,000,000 SWAP + +Circulating Supply: 62,500,000 SWAP + +Market Cap: $3.6 million + +60,000,000 SWAP Initial liquidity offering on uniswap about two and half days ago, price dropped at like $0.035. Volume bottomed out and rising again (same with holder count). + +20,000,000 Team Supply + +20,000,000 Marketing, development, legal, bounties, OTC investors, airdrops. + + + +LINKS: + +Website: www.Trustswap.org + +Discord: https://discord.gg/GNUrcK + +Telegram: t.me/TrustSwap + +Token address; +https://etherscan.io/token/0xcc4304a31d09258b0029ea7fe63d032f52e44efe + +Uniswap; +https://app.uniswap.org/#/swap?inputCurrency=0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2&outputCurrency=0xcc4304a31d09258b0029ea7fe63d032f52e44efe + + + +Extra nugget from Jeff on Discord; +"@everyone + +SwapLogo SWAP is listing on Hotbit this Monday! SwapLogo +https://hotbit.zendesk.com/hc/en-us/articles/360051689713 + +This is the first step into TrustSwap's emergence in the Asian markets. +We are going to be kicking off major marketing campaigns with an Asian marketing firm within the coming week to follow up this listing. + +We also have a couple more Top-50 listings lined up for this week as well + +When we had a vote to see which exchange you wanted to see SWAP listed on, Huobi was the winner by a massive margin, so we will be opening up the conversation with Huobi to get SWAP listed on there also in the near future." + +DYOR!! Godspeed! I'll see you guys on the other side! + +To address FUD about OTC investors dumping, yes they are dumping, it's my belief most weak hands have exited the market, they got in at $0.005 per SWAP. +Here you can talk about anything as long as it's related to low market cap crypto. + +This is the place to ask "what do you think about X coin" etc. + +Keep in mind, no spam (affiliate links etc) and no toxicity, be nice to each other. +Coinbase is currently PEGGING the BCH price at a suggested price 0.2 BTC on GDAX (yet is keeping any orders from filling for 7+ hours), which is preventing the two markets from resuming their natural growth, and has caused BTC to drive downward toward a $15,000 equilibrium. + +**Why has GDAX closed the BTC:BCH order books after opening them at @ 0.2 for so many hours?** Until it is released, Bitcoin will be held down to the $3000 price of BCH. The longer it stays there the more fearful the markets will become. Is this on purpose? + +They need to release BTC from BCH's price ASAP. + +- $3000 BCH : $15,000 BTC +- update 5pm: $3100 BCH : $15,500 BTC +- update 5:30pm: $3200 BCH : $15,900 BTC +- update 6:30pm: $3100 BCH : $15,500 BTC + +The peg continues... GDAX status (7 hours and counting): + +https://status.gdax.com/incidents/51pnkvm843hq + +**UPDATE**: GDAX has removed the peg. BTC:BCH is now back to 6:1, and the markets are recovering slowly. + +People, like it or not, we need to rally behind Bitcoin. It's NOT PERFECT, but it's the flagship we need right now to bring people into the crypto space. **No one is going to invest in a civil war**. We saw that this past week. I don't care how good BCH's transaction speed is right now, no one outside of crypto space gives a shit if we are divided. If BTC falls right now, it takes everyone with it. Look to the bigger picture. Our primary focus right now, like or not, is convincing people that crypto is here to stay. +I am an ape, not a financial advisor. While i was eating my wifes boyfriends 🍌 I stumbled upon this nice read from r/investing. I didnt write this. simply passing on what I saw and before you apes hate just take some time to read and hopefully lift your spirits back up from the battle. + +GME Options data shows Shorts think you'll disband by March + +Just wanted everyone to take a look at this write up DD below. + +Hope it helps bring some clarity. Tried to post it in thread but it has images so can't + +&#x200B; + +[https://www.evernote.com/shard/s233/client/snv?noteGuid=a28b4aad-6e75-048d-7e47-f706dd007f36&noteKey=855a749d7ccce4ff3810afb4aaba709d&sn=https%3A%2F%2Fwww.evernote.com%2Fshard%2Fs233%2Fsh%2Fa28b4aad-6e75-048d-7e47-f706dd007f36%2F855a749d7ccce4ff3810afb4aaba709d&title=GME%2BOptions%2Bdata%2Bshows%2BShorts%2Bthink%2Byou%2527ll%2Bdisband%2Bby%2BMarch](https://www.evernote.com/shard/s233/client/snv?noteGuid=a28b4aad-6e75-048d-7e47-f706dd007f36&noteKey=855a749d7ccce4ff3810afb4aaba709d&sn=https%3A%2F%2Fwww.evernote.com%2Fshard%2Fs233%2Fsh%2Fa28b4aad-6e75-048d-7e47-f706dd007f36%2F855a749d7ccce4ff3810afb4aaba709d&title=GME%2BOptions%2Bdata%2Bshows%2BShorts%2Bthink%2Byou%2527ll%2Bdisband%2Bby%2BMarch) + +edit: TLDR: 🍌🙌🙌💎💎🚀🚀🚀 +So I noticed a slight dip the the OMX (about 11%, Sweden stock exchange) a few days ago and figured that after that kind of move the only way (briefly) should be up. I threw in 10k an dabbled a bit during the day, buying/selling a 10x bull certificate at different peaks making consistent gains. Having a good time with an overall deadly blood pressure. Got it up to $75k in a few hours. Then - without relevant moves in the markets - the value started dropping like a stone. Suddenly all the bots where gone and the price was at zero. The other part of my portfolio for the day was up $10k so it was a zero sum game. I laughed, my family laughed and everything was surreal. + +Proof: https://imgur.com/a/U4CUv0Q +It says the value is 96k (SEK, about $10k but that was the last trade before all the orders stopped) +I had an interview yesterday with a company that there and then said they would like me to join the team. They have sent me a letter saying that the latest start date they can offer me is the 5th June but if I hand my 4 Week notice in to my current employer - then I wont be able to leave until 13th June. What is the best way to go around this? + +My current manager is more of a friend and I dont want to leave him in the shit as he has holiday booked from 2nd June until 12th June and I am covering the office. +Curious about different takes on it from this group. Is it worth it? What did you do? + +Personally, I looked online at two stores to see if they had a good deal on some hunting gear, saw I would still save a ton more by just buying used. I'm assuming it's all hype by store at this point. +My sons turns 15 next week. I am thinking about sitting down wit him and opening the books on how we live. What money comes in, what money goes out and to what, the taxes involved, what we save, what’s going to retirement, etc. + +I grew up where this was all hush hush. I never knew what my parents made until my late 20s and I’m self- taught when it comes to budgeting, savings, and investing. I realized this was pretty bad early on and after reading rich dad, poor dad I feel like this is a vital conversation I need to have with him so he can have a solid foundation. + +Just wondering what other people have done when they had this talk with their own kids. How much of their own finances did they show them. What did they really grasp and what did they need a lot of help understanding. + +Thanks in advance + +UPDATE: + +Wow! A lot more feedback than I expected! Thank you all so much! Here are my main takeaways as well as my plan. + +There is no real value yet in the specifics. I think he is too young to understand how the amount of money I make translates into us not being able to afford X, whenever I make Y per year. While we will have this conversation, I think I will wait until he gets his first job and has his first pay stub to sit down and compare our pay stubs along with my budget so he can start setting long-term goals and really appreciates how hard he had to work for that paycheck as well as appreciate the value of a solid education or trade. + +So here is my current plan for him: +1. I'm going to get $100 all in ones. I will sit down with him with him and lay out all the ones and then work through our budget but in percents, not the actual figures so that he can say how the money goes to expenses. +2. Open a teen checking account at capital one. This will tie into my account so I can monitor it. +3. Set up his chores better to reflect a dollar value per chore. This will allow him to earn his money. +4. Make him pay his lunch bill every month. This is only one bill, but instead of having it on auto replenish out of my debit account, I'll have him manually pay it. I'll give him enough money to cover x meals at school and he can budget it accordingly. +5. I will open up a small investment account as well. And start him off with a little money. Walk him through the time value of money and show how that money can grow over time. +6. Really nail home the point on credit cards and debt and how the interest can swallow him up. +7. Help him establish a budget of his own. + +Again, thank you all for the advice. His birthday is still a month away. I will modify this the closer I get to sit down with him and report back after with how things went! +Copied and translated through deepl from German🇩🇪 sub r/Spielstopp ; original post by u/LNhamburg + +-- +**From yesterday:** +XETRA: 2nd time in a row an unconventional trade. Again 324,106 shares in the block. 🐵🙊 + +I check my broker daily for GME stock movements on the German exchanges. Trades like this have never occurred so far. Yesterday the first time, today again. Again 324,106 shares. + +What's happening on XETRA? + +Screenshot from yesterday: + +&#x200B; + +[17.05.2021 XETRA Times & Sales](https://preview.redd.it/xfka8l18vxz61.png?width=966&format=png&auto=webp&s=b445f174f3ed955dff838c80c0cb9a56921e598f) + +I noticed this in the overview of exchanges at my broker. XETRA is out of line. Normally the numbers from XETRA are similar to Tradegate from the trading volume. + +&#x200B; + +[18.05.2021 Übersicht Börsenplätze](https://preview.redd.it/7lo2h04hvxz61.png?width=816&format=png&auto=webp&s=f74c01deab927985e92f83b647e7546ff85f8de1) + +In the Times & Sales overview of my broker this volume is not included and the order is not displayed. + +&#x200B; + +[18.05.2021 Times & Sales Übersicht Broker](https://preview.redd.it/ghv7f9z3wxz61.png?width=816&format=png&auto=webp&s=69cdcb64fe428e6d1e75bc1cf084d47fd23c3b4c) + +On the website of [Boerse.de](https://Boerse.de) the booking is displayed in the Times & Sales. + +[https://www.boerse.de/times-and-sales/GameStop/US36467W1099\_boerse,6%7Cpage,12,number,20](https://www.boerse.de/times-and-sales/GameStop/US36467W1099_boerse,6%7Cseite,12,anzahl,20) + +&#x200B; + +[18.05.2021 Times & Sales von Boerse.de](https://preview.redd.it/pqafmh0hwxz61.png?width=960&format=png&auto=webp&s=12f9f2deedcee6659be07078f11c33fa6876ee6f) + +The price went up to 142.75 after this posting, but the follow up posting was back at the 142.00 price. + +Does anyone know what they are doing? + +**From today:** +Whatever this is, it is now showing up for the 3rd day in a row. 324,106 shares each time. + +[19.05.2021 XETRA Time & Sales](https://preview.redd.it/piawbfe9u4071.png?width=951&format=png&auto=webp&s=06b698248aa9c6b829c96361958977093d663ae0) + +EDIT: Usual daily Volume has been around 10-50k so those chunks are about 10x the usual amount + +EDIT 2: [Historical 4 Week XETRA data ](https://preview.redd.it/45733l7lj8071.png?width=834&format=png&auto=webp&s=41a8e0321891f5c68704d410ac49e1bf93ccab24) +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. + +Interesting [nytimes article on the rise of the prenup](https://www.nytimes.com/2018/07/06/smarter-living/millennial-prenup-weddings-money.html?rref=collection%2Fsectioncollection%2Fsmarter-living&action=click&contentCollection=smarter-living&region=rank&module=package&version=highlights&contentPlacement=1&pgtype=sectionfront) with the millennial generation: + +> Prenuptial agreements, commonly known as prenups, are legal documents that outline how engaged couples will divide their assets if they divorce. And, in recent years, more millennials have been requesting them, according to a survey of matrimonial lawyers. +> +> One likely reason: Millennials are marrying later than previous generations, with years to build up assets and debt on their own. “I got married at 23, so we put nothing and nothing together,” said Louis Cannataro, partner and founder of Cannataro Park Avenue Financial, where he has advised dozens of millennial clients on their prenups. “But when someone’s getting married in their 30s, there’s a different approach.” +> +> That approach accounts for the changing role of women in the work force, too. In 1980, just 13 percent of women who lived with a male partner earned at least half the couple’s income — today, that number has nearly tripled. +> +> So while prenups traditionally protected the party with money — which often was the man, and which often led to resentment — millennials usually tackle the agreements as a team. + +Would love to hear about any success — or failure — stories of folks in here in regards to a prenup, millennial or not. Figured it relates a lot to this community after seeing the recommendation in the article that those with "robust retirement accounts" may want to consider one. +One thing I'm struck by is the number of different approaches to investing that people have and their ability to make money from them. A few examples: + +Bogleheads: Hold index funds and reap the benefits of the growth of the market. + +Buffet: Invests in high quality companies with managements that he could trust. Would hold long-term. + +Soros: Took advantage of "disequilibriums" within markets. He followed trends, but was cautious of things that could disrupt the investment thesis. He would then either sell or bet against the trend. Most of his bets were concentrated with various degrees of speculation. + +Nassim Taleb: No one really knows what drives markets due to an infinite amount of factors that we can't possibly have knowledge of. When investors are at their most confident, black swans appears that offer opportunities to be taken advantage of. **Edit:** to include clarifications from a few responses below. He also favored investments where he would only lose a little money, but could make a lot using bonds and DOTM puts. + +Other philosophies I've seen include efficient market theory, investing based on capital cycle, investing in companies you see in everyday life after researching them (Peter Lynch), and growth vs. value. + +What is your investment philosophy or approach? Are there any interesting approaches that I haven't included here that could be worth checking out? +A bipartisan group of senators is working to attach marijuana legislation to "must-pass" bills at the end of the year, according to a new report. + +Led by Senate Majority Leader Chuck Schumer, D-N.Y., the group, according to Axios, has received the Department of Justice's blessing to implement legislation that would allow cannabis companies access to banking institutions and create grants for state expungement of past marijuana convictions. + +The outlet reported that the "targeted legislation" stems from the pairing of two bills — the Secure and Fair Enforcement (SAFE) Banking Act and the Harnessing Opportunities by Pursuing Expungement (HOPE) Act. + +https://www.foxbusiness.com/politics/senate-aims-attach-major-marijuana-legislation-end-year-must-pass-bills-report + +$0Gi + +The HOPE Act is a bill introduced in the House last year and is designed to erase prior marijuana convictions. The measure, according to a summary of the bill, "authorizes the DOJ to make grants to states and local governments to reduce the financial and administrative burden of expunging convictions for state cannabis offenses." + +The group of senators, according to Axios, will more than likely attach the legislation to a must-pass year-end bill like the National Defense Authorization Act, which gets a vote annually. +As the title states: How is Ebay stock not a screaming buy! + +I took a look at the stock and briefly read through the 10k. +Ebay is a corporation most of us are familiar with.. but over the last few years has started falling behind amazon in terms of being the go to provider for buying items online. + +reason why i believe it is a buy: +1) Ridiculously Low P/E ratio trading at less than 6X Earnings +2) Owns stubhub! This is Huge (largest p2p ticket buying and selling on secondary market. +3) Sold Balance sheet +4) Revenue in the past year is as strong as what it was 4 years ago! Yes I know amazon is a big player in p2p E-commerce but ebays numbers are staying just as strong as they were in the past. +5) potential shift of sellers leaving the amazon platform due to the higher fees and amazon forcing sellers to take in returns from months back. + +What are your thoughts Reddit community?!?! +Hello all, I'm an early February '21 ape and while I'm not active on this board, I lurk frequently to get the latest information and data. First off, DRS your shares. I am no financial advisor, and you all are individual investors, but sign your shares to your name or they're just being used against you. + +Now that we have the important stuff out of the way, I would like to take a second to just talk about the things AROUND the stock rather than about the stock. When this bad boy starts heading to the moon, all things you are going to come out. The good and the bad. All of us have our ways we want to change society for the better. Me, myself and I want to start a business that revolves around employees rather than employees revolving around the business, but that's all I'm going to get into with that. Point being, we all have a plan, so write that shit down, memorize it and make the world a better place. + +However, my main point is that all of us have negative things about ourselves that create waves in our own lives, our personal lives, and our professional lives. For me, that's marijuana. I love being high. However, when the stock we all like goes ape shit, everything about ourselves, both good and bad, gets amplified multiple times over. For me, I could buy out literal tons of weed, sit in a field the rest of my life and stare at the sky while feeling like I'm floating in it. But obviously, this is not what I want to do. I want to better myself and moreso society. So I've started taking steps to mitigate this, such as only smoking on my days I don't have work, and even then I only smoke on about half of those days, so that way it doesn't get away from me. + +Everyone here has SOME type of demon lurking in their closet. Ask yourself, is the demon going to move out of the closet and lay with you in bed when this thing goes bananas? Or instead, maybe youre going to evict that demon before he has a chance to make himself known to the rest of the world. Whether it's gambling (do you really want to gamble it all back to the hedgies who are just going to destroy more of society?) or porn, or drugs, anything. Don't avoid your problems, embrace them and start finding ways to send your demon a certified eviction notice. If that demon isn't chained up when this thing goes, GUESS WHAT?? It's coming out full force. Don't believe me? Look up nearly anyone that has won the lottery. Sex, drugs, gambling and bankruptcy. That's what most of them get. Is that where you want to be? Then start finding a track towards redemption. Even if you have to check yourself into rehab right now, isn't that better than you dying of an overdose while you're laying around literal stacks of cash? I would think so. + +One other point I would like to make before I wrap this up. If you don't have a sell price in your head, go find one and write it down. Circle it, underline it, highlight it, memorize it. UNTIL IT HITS THAT PRICE, DO. NOT. SELL. You think the fud is bad now> imagine when the price is at $10,000 and dips to $7,000 and all of these posts start popping up saying "hedge funds covered, here's the data and volume" with a whole bunch of ""evidence"" that hedge funds have covered. As Mike Tyson said, "everyone has a plan until they get punched in the face." Is your plan face-punch proof? No? Then make it so. Is $10,000 really worth two YEARS of fuckery, fud, self doubt, and literally everyone telling you to sell? Even $100,000 isn't worth that to me. $100,000 over two years of stress, constantly reading DD, pacing and long nights of no sleep is absolutely not worth it to me. I have my sell price and even if the price dips, I know that my price will still be hit. + +Thank you for coming to my APE talk. +Just wanted to vent to someone because I have no one to vent to. + +First cat scan of my life and found a huge mass in my stomach. As soon as the surgeon saw the picture he was basically like WTF and immediately wants to see me tomorrow. I call work to call out and they tell me it’s not a legit reason. + +Guess I’ll just die?? + +I don’t know. Just the way work spoke to me made me want to quit on the spot but I can’t because poverty. Because I need the money. I had to have a family member call them and call me out tomorrow because I was sobbing after speaking to them the first time and being talked down to. + +I’ve got terrible anxiety. I’ve got to work the rest of the weekend too and I don’t know how I will. I hate this. I hate sobbing my eyes out as I worry and have to put on a smile at work. + +I just want to sleep. +I got 4* surfaces fillings but they claimed 18* to the IC to maximize their profit. I don't have to pay btw but I feel bad that insurance companies paying way more than how much they suppose to pay out to the hospitals. + +If yes, how and where do I report this to? +This may be an odd comment (I suspect some will take this as whining while having a good thing) but I am feeling lost at this current stage of the business. 3 years in, and a highly tumultuous start of the business, but now we have accelerated drastically. I have never raised any money, just put 100% of my own money into a tech startup. No partners, etc. It was absolute hell getting it off the ground to say the least. + +Everything lately has improved, largely due to the team I hired over the years - sales tripled just this year, biz processes drastically improved from two ops people, and overall things are going great. I have about 18 employees now, half are full time half part time. + +In the early days I did literally everything myself. Now 3 years later, I have zero actual job functions as I’ve placed people in those roles. And oddly, I’m feeling lost on what to do with my time now! I also believe I suffer from “catastrophizing” as I’m struggling to appreciate where we are and am always thinking a problem will sprout up at some point. + +So main questions to any entrepreneurs who’ve faced something like this: +- How to let myself just be happy and accept things are finally good vs being paranoid they will blow up +- What to do with my time now that I have no actual job function + +Any honest thoughts from experienced entrepreneurs would be helpful. I would love to enjoy this new phase I entered. + +Thanks in advance. +Just wanted to know if anyone is using VUL as part of their retirement and estate planning and hear about any experiences you might have with it. We are already maxing out our IRAs and 401ks so it seems like it could be a good option to reduce our taxes. + +We would probably borrow against it or withdraw some of the principal in retirement for income, and whatever is left will go to our heirs tax free. +This is a selfish post because I'd actually like some high level discussion instead of shallow discussion of fad stocks. + +So many of these posts are "Give me fish" when--if people are really serious about investing--posts should be "How do I fish?" related. + +For example, how much importance do you put on the P/E ratio? Does it differ by sector? Are there any instances where you'd disregard it? + +That's just a hypothetical, but it's the kind of discussion that I'd absolutely love to see on this sub. Not "Which stock to invest in?" or "What do I do with my X amount of money?" There's so much interesting content to think about and we seem to never touch upon any of it. +I'm 21 and working for a company that requires me to do a lot of mindless work with my hands at the moment. I've got a lot of time and I can listen to my music or whatever while I work. I recently started listening to investing podcasts, started with money tree investing. They kept bringing up this book Outliers, a book my dad actually gave to me a long time ago and I never got to reading. Basically I found it on YouTube and downloaded the audio and listened to it in just a few days, got me thinking that I could actually learn a lot about investing while I work this mindless job. So like the title says, list your top 5 investing books in the order that you think I should listen to them! You get bonus points if I can find them for free. +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. + +Throw away account. + +25M currently work as a financial analyst and make okay money (~125k) and own a little bit of real estate making rental income (~5k annually). Had originally thought about trying to build a portfolio of rental properties as passive income, but lately had been pondering the idea of acquiring small mature businesses as a form of income. Basically I hope to acquire a portfolio mature local businesses over time that the owners founded or ran and now want to retire and have no one to pass the business along to. Has anyone done a strategy similar to this and been successful or failed? Would love to hear reasons why this strategy may not work or things to be aware of. +(first post in this reddit after reading many other insightful posts) + +I am 52 and I saved enough money to FAT-fire in \~1Y. I am still trying to figure out how best to prepare in the next months, both from a financial perspective and from a mental perceptive. + +Financially, I have a mix of taxable investments (stocks, very little % of bonds), 401K / Roth and real-estate (rental property + syndications). My liquid investment is managed by an advisor. Fees are high but I've been happy with them and I did not really have the time to do it on my own. + +On the mental side, I don't have a perfectly buttoned-up plan for the retirement, just ideas and interests. I am both looking forward to retirement without a full plan (excited about trying new things and just relaxing) but also somewhat scared of it. + +Anything that you recommend on either fronts? +I'm FIREing next month with \~$10m in equities, bonds and cash and a \~$250k withdrawal target. (see [my intro post](https://www.reddit.com/r/fatFIRE/comments/ai0qdn/suddenly_fireing_ahead_of_plan_first_post_intro/) for more). What tools and strategies do you use for budgeting? + +* For tools do you use a spreadsheet template, finance software (ala Quicken) or a website service? Do you think there are notably different needs for FatFIREees vs FIRE or even small business budgeting tools? +* On strategy my wife and I view budgeting differently. She sees it as basically one pile of money on the asset side and on the expense side we look at historical actuals and go from there. +* My budgeting idea is to project forward running estimates by category for predictable expenses (taxes, insurance, utilities, health care, etc). These would be informed by historical actuals but I also want to create specific reserve accrual buckets for variable expected expenses like home repairs, car replacement, etc. Basically anything we expect to be more than \~$5K-ish annually. Every month budget would be accrued per category. Then as the expenses occur we'd adjust future accruals against actuals to get better trend projection through successive approximation. +* She doesn't see her approach and my approach as much different, except mine is just more work. She says, "we're both historically known to under spend and be excessively prudent. We're going to spend what we spend and adjust discretionary spending based on how we're doing. Let's just keep it simple and go by what happens to the asset and expense piles." I see our approaches as different, at least psychologically, and potentially a way to get increased accuracy while also maybe feeling better about variable things that come up since they are already mentally accrued. How do you think about it? +The threshold currently is $12m for single people and $24m for married couples. We’re in our mid to late 30s now with 2 kids and may bump into the threshold soon. We’ve talked to one trust and estate attorney recently and honestly came away learning very little so I’m here now to get more information before talking to another. + +As Gary Cohn said, “only morons pay the estate tax.” Well, how do you do it? + +Also, does anyone recommend Vanguard’s estate planning services? I have not talked to them yet and might try them next. +How important was your personal happiness in your job as you pursue fatFIRE? + +Wife and I have ~2M NW. We own a nice house, have limited debt, and just started our family. I work in Enterprise Software Sales and make $250-$400k/year. My company is remote, the benefits are good, and the job doesn’t have a ton of pressure. I’m able to spend a ton of time at home, with our newborn, work on hobbies, etc. Wife works in consulting and makes ~$200k. + +I’ve worked with my company for 5+ years. We’re on a 5 year path to IPO and most of my equity is vested. I consider jumping to a new company at times, just to get a change of pace. I don’t hate work at my current job but sometimes wonder if it would be best to get a different flavor of industry. + +Other side of me says - you’ve got a great gig that pays well, at a solid growing company. Why would you leave? Nobody micromanages me, and I still receive healthy equity bumps. + +Just curious from others on the path - would you ride this out for 5-7 more years or job hop? Or just milk it until the road comes to and end? +Like I said I graduate with my Bachelors degree in Business tomorrow morning .. I have to get to the ceremony at 8 AM. All I care for though is what may happen tomorrow, not trying to hype any dates up but to begin the MOASS then would be a sweet gift. Regardless, BUY, HODL, VOTE my dear ape family. +Hey everyone! It recently occurred to me that my first post about my FI/RE plan was just over five years ago. I really haven't posted an in-depth update since then (though I've posted charts and graphs occasionally, but never a full-depth review). + +[Original Post, 5 years ago](https://www.reddit.com/r/financialindependence/comments/2h257a/15year_fi_plan_opinions/?st=k1gpxyq0&sh=19e631d2) + +My FI/RE number and dates jump around a lot, but most of them agree that 2024, give or take a year, is about when I'll be ready for retirement. That means that if I've been seriously saving for five years, and I have five more to go, that I'm chronologically half-way to FI/RE. That's certainly variable - closer to my FI/RE date, I may decide I want to stick it out a little longer to increase my expenses in retirement. Of course, a market crash between now and then could also impact my timeframe. However, I'm a person of principle, so I'm just going to stay the course. + +Regarding my situation: A lot's changed in five years, but a lot has stayed the same, too. My SO and I are now married, we bought the house we'd been thinking about. We still want to FI/RE as soon as possible, but our expenses have increased a decent amount in the meantime. This is largely due to two factors: Basic lifestyle inflation, and an emphasis on gifting (we're, by a large margin, the most financially fortunate of our friends. Thus, we treat our friends to dinner/drinks and pay more than our share on group vacations and trips quite often). Fortunately, our income has grown faster than our expenses have. + + +| Category | 2014 Value | 2019 Value | +|:-------------------------|----------------------:|-------------------:| +| Household Income | $140,000| $195,000 +| Household Expenses | $50,000| $66,000 +| FI Target (3.3% SWR) | $1,500,000| $2,000,000 +| FI Savings | $20,000| $900,000 + + +[Monthly Expenses Graph](https://imgur.com/a/OzlAu5a) +[Examples of my Retirement Spreadsheets](https://imgur.com/a/rMPbqJB) +[Net Worth Graph](https://imgur.com/a/FpiPxJA) + +**Income** +The income numbers provided are inclusive of salary + bonus for my spouse and I combined. Additionally, my spouse has a second job which pays a very high hourly rate for a few hours of work per week, and I receive some of my pay in equity (stock from the company I work for), but because these factors are quite variable (don't provide the same income every week/month), I do not include them in my income number above. This means our real income is actually a decent bit higher than what I show above - what's shown there is a lower bound. + +**EDIT:** Some folks have asked about the math here. I did some extra math, and our variable income has averaged about $70k the past four years. As described above, I don't typically include this value when doing my math (because of its variability), but folks pointed out that my increases in net worth didn't add up if the number wasn't provided. To correct that, the number is now provided. + +My income has increased considerably in the past five years, and makes up the majority of our combined household income. (I am a software engineer, spouse is a teacher) However, I feel that I'm reaching a plateau in my field - further raises are contingent upon promotions, which are contingent upon performing better than I believe I am capable of. I think it is thus likely reasonable to assume my income will remain nearly flat for the next five years. thisisfine.png + +My spouse has been kicking around the idea of quitting their teaching job and working their second job more hours. Their second job pays much better per hour, but is far more variable in availability. It's possible they would have no work for months at a time, or it's possible they'd end up with more work than they could do. Their income is only a small (~20%) chunk of our total combined income, so it would certainly be possible to absorb this sort of decrease, if this is what ends up happening. + +**Expenses** +In the past five years, my spouse and I have purchased a new house ($335k, on a 30 year mortgage @ 3.625%) and increased our "fun budget/gifting" spending considerably. Our expenses have migrated upwards, but feel like they've settled in reasonably at about $66,000 per year. When we originally talked about this new home, we thought this would be our "forever home", but the longer we live here, the more we feel like this isn't the case. This home will likely be our working home, but post-FI we may end up moving elsewhere (not exactly downsizing, but just not being exactly where we're at). The goal with that move would be to put ourselves a little further away from the city on a little bit more land. More about that below. + +If you look at the expenses graph provided, you'll see some large spikes in 2017 and 2018. These correspond to large individual purchases (paying for a wedding, honeymoon, new furniture for our house, and tricking out my gaming lounge). Because of the spikes, our expenses reached a high of $88,000 in 2017. However, we're on track for total expenses of only $62,000 in 2019, so I think assuming about $66,000 is reasonable going forward. In my flair, I reference "ChubbyFi", which I would equate to approximately an $80,000 annual spend/$2.4M target. I don't actually treat this as my target, though I may change my tune as the date approaches. + +**FI Savings** +The vast majority of our growth has been from new investments. Between my spouse and I, we contribute nearly $100,000 each year to tax-advantaged accounts, and an extra $50-60k to taxable ones. Unfortunately, the awesome growth of 2016-2017 mostly missed us (our accounts were too small still). + +We max out all of our tax-advantaged accounts (401k, 403b, Mega backdoor, both regular backdoors) and do tax loss harvesting in taxable accounts. We're using pretty standard three-fund portfolios, with relatively basic allocations, rebalanced occasionally. Nothing exciting or special here. + +**Our Plan** +Stay the course! We've built the life we want, and we're saving for it. As the years go on, we've already shifted our target once, so it's possible it may shift again. If that happens, well that's fine. I'd originally planned on retiring before 2030, and that's still my plan - in fact, I've moved the date up quite a bit, so if it moves back a bit too, that's fine. As the date gets closer, it'll get more well-defined. + +There's two large variables at play here, and that's my spouse's work arrangement and my dream of buying land for a homestead/commune. Each of these could impact our plans and numbers somewhat substantially (but likely no more than 20% in any one direction, so no major shifts, just some pull-in/push-out). I've always wanted to be a little closer to nature, and having the land to start an orchard/apiary/vineyard/hop farm would be my dream come true - I'd spend my days growing, brewing and making all manner of beverages (gardening and homebrewing are hobbies of mine now - I'd love to scale them up). A handful of my friends have suggested this is their dream as well, so we've discussed the possibility of this being a communal getaway/living arrangement. This whole idea is still quite ethereal, however. I don't have the time/energy at the end of the work day to implement this just yet, my work takes too much out of me. + +**Post-FI** +I'm going to talk about withdrawal strategy for a bit. This isn't particularly exciting either, but this is something that every FI plan needs. Each year, we plan to convert the standard deduction's worth of traditional funds to Roth (we already have quite a lot of Roth principal - this is just a tax avoidance strategy), and withdraw entirely from our taxable accounts to pay our expenses until those accounts are depleted. By my math, our LTCG should be low enough that we can even tax gain harvest and still remain in the 0% LTCG bracket and pay no federal taxes at all. Our state and local taxes should be minimal (near-zero). If our taxable accounts are depleted before age 60, we can withdraw Roth principal (which we should have plenty of). Past 60, we can withdraw from Traditional and Roth simultaneously. + +I've not really talked about healthcare. Because it's such a huge variable (5-10 years from now it could either be free or *incredibly* expensive), I've chosen to ignore it. There's nothing I can do about it right now, so I'm going to wait until closer to retirement before worrying about it. If it turns out that the current trend (dismantling of the ACA and increasing of costs for non-working people) continues, this will of course delay my FI plans. So be it. I'll deal with it when I need to. + +**Closing** +In closing, any questions? Any thoughts? Any suggestions? Want to join my ~~cult~~commune? + +**Edit:** Added extra information to the "income" section. +Was curious to know others thoughts on where rental prices are headed, it seems a lot of the focus is on the actual value of property going down when I’m seeing rental prices almost unaffected in major cities, which in my opinion make property investment very attractive to investors. Are interest rate hikes unlikely to affect rental prices? +The FHSSS is a pretty weird and complicated way to dish out a small benefit, but it's still a benefit to some folks. It's coming up to the end of the first financial year so I thought I'd piece together how I see it being used. Obviously, personal circumstances can change everything so worth figuring it out for yourself if you think it's something available to you. + +Anyway, here are 3 not-very-easy ways to jump on this bandwagon if you can: + +**Step 1** *Find out how much you've contributed to your super since 1 July 2017* + +Easiest way is to login to your super's website and it should be there somewhere. If you can download your data as an excel file even better. + +You need to find two things: +* Total amount of concessional contributions made this year +* How much of that is employer compulsory contributions and how much of it is voluntary contributions either post-tax or salary sacrifice (*if any*) + +**Step 2** *Work out how much more you're allowed to contribute* + +There are two thresholds to keep an eye out for: +* The $15,000 FHSSS annual cap +* The $25,000 total concessional contribution cap + +So you can contribute up to $15k in voluntary contributions to use for FHSSS purposes, but you need to keep an eye out for going past that $25k annual concessional cap. + +*Example 1:* If you have contributed $12k in employer contributions (i.e. through work) and zero voluntary contributions since 1 July 2017, then you could contribute $15k voluntary for FHSSS purposes, but that would tip you over the $25k concessional cap, which you might not want to do. Instead, you might only put $13k towards your super on a voluntary basis for the FHSSS. + +*Example 2:* You've contributed $6k through employer contributions and $2k voluntary. If you've done that, you could put in up to $13k for FHSSS (taking total voluntary up to $15k) and still be below the $25k concessional cap for this year (total contributions = $21k). + +Another thing to keep in mind here is how much more your employer might contribute from now until 30 June 2018, because this will also go towards your concessional cap for this year. So you might see that your employer contributes on the 15th each month, then you can tell that they've got two more payments for the year and include that in your calcs. + +**Edit: This comment about the non-concessional cap of 25k needs to be revised. + +You can withdraw 100% of non concessional contribution and they are not assessable. I haven’t tracked the numbers properly but I think that means you don’t need to be concerned about going over the 25k cap for FHSSS purposes.** + +**Step 3** *Contribute the amount to your super* + +Now that you've worked out how much you've put in your super, and how much you can put towards the FHSSS, you can put that money into your super. Again, a direct debit option using the super fund's website seems the easiest way to go here. + +The **important thing** to remember is to complete a [Notice of Intent to Claim](https://www.ato.gov.au/uploadedFiles/Content/SPR/downloads/spr86434n71121.pdf) - you can use the ATO form or your super fund's form or whatever, but at some point after you've contributed and before you file your tax return, you should complete the notice of intent form. This turns your non-concessional contribution into a tax deductible concessional contribution (once you've received an acknowledgement from your fund). + +So that's pretty much it for this year. Then you do the same thing next year and repeat until you've hit the $30k FHSSS limit. Then when you're looking to buy a place, you can request to withdraw the $30k and ideally have the benefit of about $5-6k of tax reductions and deemed earnings. + +Pretty fucking stupid if you ask me but there it is. Let me know if I've missed anything?? + + +The FHSSS is a pretty weird and complicated way to dish out a small benefit, but it's still a benefit to some folks. It's coming up to the end of the first financial year so I thought I'd piece together how I see it being used. Obviously, personal circumstances can change everything so worth figuring it out for yourself if you think it's something available to you. + +Anyway, here are 3 not-very-easy ways to jump on this bandwagon if you can: + +**Step 1** *Find out how much you've contributed to your super since 1 July 2017* + +Easiest way is to login to your super's website and it should be there somewhere. If you can download your data as an excel file even better. + +You need to find two things: +* Total amount of concessional contributions made this year +* How much of that is employer compulsory contributions and how much of it is voluntary contributions either post-tax or salary sacrifice (*if any*) + +**Step 2** *Work out how much more you're allowed to contribute* + +There are two thresholds to keep an eye out for: +* The $15,000 FHSSS annual cap +* The $25,000 total concessional contribution cap + +So you can contribute up to $15k in voluntary contributions to use for FHSSS purposes, but you need to keep an eye out for going past that $25k annual concessional cap. + +*Example 1:* If you have contributed $12k in employer contributions (i.e. through work) and zero voluntary contributions since 1 July 2017, then you could contribute $15k voluntary for FHSSS purposes, but that would tip you over the $25k concessional cap, which you might not want to do. Instead, you might only put $13k towards your super on a voluntary basis for the FHSSS. + +*Example 2:* You've contributed $6k through employer contributions and $2k voluntary. If you've done that, you could put in up to $13k for FHSSS (taking total voluntary up to $15k) and still be below the $25k concessional cap for this year (total contributions = $21k). + +Another thing to keep in mind here is how much more your employer might contribute from now until 30 June 2018, because this will also go towards your concessional cap for this year. So you might see that your employer contributes on the 15th each month, then you can tell that they've got two more payments for the year and include that in your calcs. + +**Edit: This comment about the non-concessional cap of 25k needs to be revised. + +You can withdraw 100% of non concessional contribution and they are not assessable. I haven’t tracked the numbers properly but I think that means you don’t need to be concerned about going over the 25k cap for FHSSS purposes.** + +**Step 3** *Contribute the amount to your super* + +Now that you've worked out how much you've put in your super, and how much you can put towards the FHSSS, you can put that money into your super. Again, a direct debit option using the super fund's website seems the easiest way to go here. + +The **important thing** to remember is to complete a [Notice of Intent to Claim](https://www.ato.gov.au/uploadedFiles/Content/SPR/downloads/spr86434n71121.pdf) - you can use the ATO form or your super fund's form or whatever, but at some point after you've contributed and before you file your tax return, you should complete the notice of intent form. This turns your non-concessional contribution into a tax deductible concessional contribution (once you've received an acknowledgement from your fund). + +So that's pretty much it for this year. Then you do the same thing next year and repeat until you've hit the $30k FHSSS limit. Then when you're looking to buy a place, you can request to withdraw the $30k and ideally have the benefit of about $5-6k of tax reductions and deemed earnings. + +Pretty fucking stupid if you ask me but there it is. Let me know if I've missed anything?? + + +My wife works for Centrelink and said they had (unsurprisingly) 290,000 new welfare claims last week, this was also before Queensland also jumped on the carousel. They are literally begging workers to do overtime, even full day Saturdays and Sundays at ridiculous pay rates just to process them. The claims are not as easy to process as they were last year either because there are more rules, stricter "relevant period" and geographic criteria as well. The whole joint (Centrelink) is a fucking shitshow. + +So if you want to make a claim, get in ASAP because the business as usual service standards are well out the window and theyre struggling to deal with it. + + +EDIT: Clarify claims are harder to process. +Did anyone else get this email? What are your thoughts? + +Does anyone know what details you will need ready to participate? I don't hold any shares, but I have a SWF account. + +Email for those curious: + +You may or may not be aware that Aussie Broadband is shortly intending to list on the Australian Securities Exchange (ASX). + + +As a thank you for being part of our family, we want to offer our customers the chance to participate in the listing by subscribing for shares in Aussie Broadband at $1.00 per share. + + +This is an unusual offer for a company to make, but it aligns with our value of being good to people. Offers to subscribe for shares in Aussie Broadband as part of the listing are also being made to our staff, and to institutional investors. + + +The offer of Aussie Broadband shares to our customers is capped at $10 million, with each application being for a minimum of 2,000 shares and a maximum of 10,000 shares. + + +In the spirit of one of our other values, no bullsh*t, the allocation of Shares will be determined on a first come, first served basis if demand exceeds supply. If the Customer Offer is oversubscribed, only the first 5,000 valid applications with complete payment will receive an allocation of 2,000 Shares. + +How to take part + + +To participate, you will need to click here https://investors.aussiebroadband.com.au/customer-offer/uniquecode and follow the instructions on how to apply and complete payment for the shares online, from 9am AEST on 22 September 2020. + + +Although the offer goes live at 9am, you can start queuing from 8am AEST on 22 September 2020 (profuse apologies for the early start for our WA customers); if you join the queue between 8am and 9am you will be placed in a randomised queue position once the offer begins. Please note the link above is unique to you and should not be shared. + + +This offer has been sent to Customer Number: xxxx + + +Anyone who was not a current customer account holder as at 11.59pm on 7 September 2020 will not be able to participate, sorry. + + +This process is being managed by Link Market Services, rather than Aussie Broadband ourselves. All your personal information you provide will be kept confidential under Link's privacy commitments. Note we have not provided Link Market Services with any of your personal information or email address. +Hi [r/ausfinance](https://www.reddit.com/r/ausfinance/), + +The results for our Christmas giveaway are in! + +In a very generous gesture, one of our sub members donated four $50 booktopia giftcards to be given to four winners. + +To enter, all you needed to do was comment which personal finance book you would like to purchase & read. + +I must say - I was surprised how popular this was! I am going to incorporate the common suggestions into our [FAQ section on personal finance books](https://auspersonal.finance/books/). It seems that we have overlooked some very popular titles. Peter Thornhill in particular. + +The winners are: + +u/gergnz with Thinking, Fast and Slow by Daniel Kahneman + +u/iamactuallyaspud with The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness By Morgan Housel + +u/hector12345 with Motivated Money by Peter Thornhill + +u/Macbright with Thinking, Fast and Slow by Daniel Kahneman + +The winners were chosen by transferring all usernames into excel, removing duplicates, and using a formula to generate 4 random entries. + +Congrats to the winners, and to everyone else, Merry Christmas and I hope you find a way to get your hands on your desired books! +Eyeing a new build property and the developer will throw in free flooring and turf. +I'm just wondering, what upgrades did you get in your new build home? Do you feel they were worth it? What sorts of things do you feel is cheaper to sort yourself? + +E.g. the sales person said that chrome light switches are not worth it and that I could get spotlights fitted for less. +Hi there! + +*(TLDR at the bottom)* + +I am your stereotypical agressive saver, techie, renting in London, 34 y.o. + +Working towards early retirement, which according to LifeSplat.com may come as close as 42-45, although that seems too good to be true. + +Very excited to have been able to max out my ISA contributions for the past couple years, which is now worth exactly £100k. +My autoenrolment workplace pension has less than £8000, had no pension before the compulsory one and only recently bumped it to 8%/8%. + +Take home pay is £2700 from which I can manage to save almost £2000 every month. +£1500 gets invested in a GIA as I have already maxed out this year's ISA. +This then moves to an ISA both with Vanguard and once I reach the yearly cap, I do an in-specie transfer to iWeb. + +On all three platforms I am invested in an FTSE Global All-Cap ex-UK Vanguard fund with 0.15 OCF. +My workplace pension says "Annual management charge 0.75%", no other investment options seem to be lower. + +I have been following threads about SIPPs and comments about it being around 8% more efficient than ISAs and LifeSplat assuming my savings are mostly in pensions made me think maybe I should be investing in a SIPP instead of an ISA or at least balance them out a bit. +I am confused about how early can a SIPP be accessed, is it 55 and you can draw 25% of it tax free before that? + +Being a foreign national, I may leave the UK in the future, I will have 10 years of NI contributions though for the state pension. + +Thank you kindly for any insight! + +**TL;DR: 100k in ISA, 8k in 8%/8% workplace pension @0.75% charge, 0 in SIPP** + +* question 1) Should I start focusing on a SIPP now to be able to balance drawing from both in the distant future? Should I go as far as to move some of my ISA to a SIPP? (combine ISA/pension section in the flowchart) + +* bonus question 2) HMRC lets me top up NI contributions of around £700 for my first incomplete tax year in the country. I am about to complete 10 years of NI contributions without this anyway, so am I correct thinking this money is better spent invested? + +edit: thank you all for your advice, I am sorry this thread became one about my savings rate and whether I am feeling miserable because of it. +I only signed up with them in Feb and they've gone up 8%! + +I know it's a flexible tariff, but this feels like they're completely taking the piss. The company can't survive long at this rate, their customers must be leaving in droves. Average out the tariff changes to every 6 months or something, updating the tariff every month with these high % changes seems completely ridiculous. + +Their 'we hate increasing our prices' email just feels so full of crap as well. +31 F single with a dog. Never made more than 45k annually. No family money (e.g. I'll never inherit anything or get help on a down payment). 7k left on student loans. Car about to crap out. Renting at about 1k/month and living in a rapidly gentrifying area. Housing market here is bonkers. +50k in 401k. No employer matching. 20k in savings. Absolutely exhausted and feeling hopeless for the future. Can I ever retire? Get a house? Live not in a state of financial precarity? If so, how? +Me and my GF are looking to rent a house for 6 months before we buy one together as there is less of a risk should anything go wrong between us. We've found one and the amount of hoops we've had to jump through is insane. + +We both have really well paid jobs in stable environments, with great credit etc. however the amount of information they keep asking us to provide is insane and I have no idea why they need so much. + +So far we have both provided, passport, birth certicate, driving license, 6 months payslips, full bank statements as far as can go back, employer reference, full statements from all savings accounts, my guarantor had to provide 4 years worth of financial transactions (self employed), company house details and have his accountant give a reference. Every time we submit some info they ask for more. Its a fully legitimate letting company, so not worried about being scammed but even still this seems a bit ridiculous. + +All this for a 6 month contract that overall comes to like 4k~ total. + +I've only ever rented student accommodation so maybe this is the norm and I'm just not well educated on renting but just wanted to see if anyone else has had the same experience. +📢 MISSED EARLY DOGECOIN OR SHIBA INU? +If you're reading this you are super early! A 100x is a 100 million MC from here! + +Shibonk has a lit community and active Devs. Partnership with PIXL COIN and Broadcast West. Shibonk is taking the quality of memes to a whole 'nother level. Straight Studio Quality! We have commercials ffs! WEEKLY AMAS EVERY THURSDAY! +Past AMAs and content posted on YouTube(shibonk token) + +A+ Audit from Dessert Finance, check out our bonk paper (whitepaper) as well as road map on the website shibonk. Net + +Active on all social platforms! + +☆Twitter +☆Facebook +☆TikTok +☆YouTube +☆Reddit +☆Telegram +☆Discord +☆Instagram + +TOKENOMICS: + +●5% REFLECTIONS PER TRANSACTION + +●5% BURN 🔥 PER TRANSACTION + +●CONTRACT OWNERSHIP RENOUNCED + +●LIQUIDITY LOCKED 🔒  AND BURNED 🔥 FOREVER + +●1 Quadrillion total supply (40% already burned 🔥 + +● LOW MC <2 Million + +NFTS with staking and gaming releasing soon! + +This is a true 💎 and the potential for 1000x is there. So undervalued it should be ILLEGAL 🚫  Hop on the 🚀  Shibonk is aiming for MARS! + +Connections to Shiba Inu. And future plans on the Shibarium Network. Future metaverse gaming to bring actual utility to the MEME token world 🌎 + +Shibonk has an organic community NO marketing tax! And not a P&D! + +Contract: + +0xf224ade71c20f9823e34e0792f72437596b4e28c +I’m sure everyone here is aware of UniSwap V3 incoming, and many of you will also be aware of how V3 will change how you provide liquidity. If you don’t know yet, you will be able to provide liquidity at certain price ranges and the tokens representing your liquidity provision will be non-fungible. + +That’s great, but it makes providing liquidity much more complicated. This is where xToken comes in. + +A brief summary to begin with: + +“The xToken protocol provides an ERC-20 staking system for making the complexities of DeFi simple. They do this by creating wrapped versions of popular DeFi tokens so users can easily buy a single “set-and-forget” ERC-20 that automatically handles liquidity and governance via batching deposits.” + +xToken allows you to provide liquidity with ease without having to micro-manage. You will also be able to choose different liquidity-providing strategies that suit your needs. + +As of right now, xToken has currently integrated KNC, SNX, AAVE and 1INCH on their platform. + +To give you an idea of how exciting this is, just have a look at Hayden Adams (the creator of UniSwap) tweeting some eyes at this project: + +[https://twitter.com/haydenzadams/status/1377358706304675842](https://twitter.com/haydenzadams/status/1377358706304675842) + +Lastly, Chico Crypto talked about it in his latest YouTube video if you want to check it out: + +[https://www.youtube.com/watch?v=-rY4kkaQZt8](https://www.youtube.com/watch?v=-rY4kkaQZt8) + + Some links: + +CoinGecko: [https://www.coingecko.com/en/coins/xtoken](https://www.coingecko.com/en/coins/xtoken) + +DexTools: [https://www.dextools.io/app/uniswap/pair-explorer/0x2fba756c64d4f9dbb17f1b3a1afb5f05af7f18c0](https://www.dextools.io/app/uniswap/pair-explorer/0x2fba756c64d4f9dbb17f1b3a1afb5f05af7f18c0) + +xToken: [https://xtoken.market/](https://xtoken.market/) + +Twitter: [https://twitter.com/xtokenmarket](https://twitter.com/xtokenmarket) + +Thanks for reading! +Planning on HODLing long term for 10 years or so, and still being in my 20s I do feel a lot more optimistic for the future than if I had just worked away all my life and stored all my money in the bank to depreciate + +I’ve already been working as a tradesman for 10 years, no way I’m doing this for another 40!! If I can cut my working life in half and retire completely in my 40s/50s that would be amazing + +Man, it’s actually a reachable goal, i wouldn’t have even found crypto without stumbling into this subreddit. I appreciate you all ❤️ + I have moved to a cottage in the Forest of Dean which has an oil boiler with oil tank in the garden. I was looking into the possibility of switching to a ground/air source heat pump. I spoke to a local service - Forest Eco Systems - which installs them, and based on my property's EPC they suggest that I could get RHI equal to £25000 over 7 years and the cost of the project would be around £20000. I have the money available, but as it is a big outlay I am looking to get more information about whether this is the best option. I could for example just continue with the old oil boiler for the time being or opt for air source heat pump which I have been quoted for £14000 from the same company (with £11000 RHI over 7 years). Any wisdom on this would be much appreciated. Thanks in advance. +Can someone please explain greeks better to me. + +I have read the definitions, however explaining something through an example would be the best way to memorize it right? + +Cheers +The only not real company is sndl from what I see, BB and NOK arn't losing money each quarter. Maybe sell calls expirary every 2 weeks? Tell me your thoughts +With the recent drop in spy price im interested in starting a PMCC on spy but one thing about this concept which pushes me away is the liquidity of the LEAPs. What if when it comes time to close it out i cant sell it because theres no buyers? how do you predict this +What would be a reasonable amount to start out with to see worthwhile returns? Prior to the whole COVID situation I was pretty financially illiterate and had a financial advisor investing most of my savings in realtively safe mutuals/ETFs, but over the past few weeks I've been researching a ton and want to start managing some of it on my own, and wheel trading seems like a pretty safe way to start learning options on stocks that I don't already mind holding onto. +I need someone to pick apart this strategy for me: + +1. Have a goal of making a 10-20% gain on a long position + +2. Buy enough of the long position so you have the ability to sell CCs + +3. Sell CCs at a strike 10-20% above my average holding cost = to the number x100 shares you hold (eg I hold 600 shares, so I’m going to sell 6 CCs at a strike 20% higher than I purchased the shares for) + +Assuming the stock doesn’t tank, repeat this process as frequently as logical, collecting decent premiums and waiting for a 10-20% gain. + +Does this seem like a terrible idea? Obviously you may incur loss if shares go down, but if you set a goal for gains at 10-20% and earn a premium over the course of weeks/a month, you theoretically should see your portfolio size increase. Thoughts? +Hi, noob here. + +I am trying to understand the ideal profile of a stock to run the wheel with. From my readings in this sub, I have gathered: + +1. You're sufficiently bullish on it (because you have to not mind owning it) +2. Has low general volatility (because "surprising" moves are the enemy of the strategy - unless I'm mistaken) +3. Is "cheap" enough you can comfortably own 100 of it + +Would you agree with those? What are other criteria I am missing? + +Thanks! +Hi all, + +Apple AAPL slight OTM expiring in a week has premium of 2%. I am planning to sell weekly calls and collect premium. If call is assigned on Friday, buy again on Monday and repeat. + +For ex , current price is 128.18 , premium for 129 expiring 01/29 is $3.35. my plan is to just focus on premium and sell highest premium call every week or 2 weeks ahead. Can you please help me with the downside of this trade. +I have $4 calls expiring next Friday. Currently, they’re ITM, but I fat fingered at open and overpaid on the premium. I’ve calculated my break even at $4.70 a share, closed around $4.20. Let’s say stock climbs to $5 at the end of the week. Would it make sense to exercise calls and buy the shares at $4 if I actually wanted to go long, or sell to close for profit and buy shares at current market price? Does it just depend on what I can close my position for at any point next week? + +I would roll this into a hypothetical question too. Say I had calls on something I really liked long term. Calls are going to expire OTM. Would it ever make sense to exercise the call and buy the shares at the strike so you don’t waste your premium if your thesis is the price will continue to go up, but you just didn’t get the timing right. + +New to options. Understand the concepts but trying to get a better grasp. Not playing with money I can’t afford to lose. Just looking to learn along the way. +What does IV Rank tell you about an option’s volatility exposure? + +Also, I don’t think that my broker, IB, shows IV rank on the phone app. So, how do you calculate it? What’s the formula? + +My broker shows IV/historical volatility. Is this ratio a good measure of volatility? The way I interpret this ratio, if it is above 100%, it means current IV is more than historical volatility so a good opportunity to sell options. +Through my learning over the past several months, I have come across several experienced traders who sell puts, calls, and credit spreads on indices such as SPY, SPX, and QQQ rather than on individual stocks. +What is the reasoning for this? + +Is it to reduce standard deviation/risk of the portfolio due to individual stocks occasionally tanking/rallying? +Is it to reduce the time needed to research individual companies and their price movement? +Is it to avoid earnings/dividend dates? + +Reason I ask is because I find indices such as SPY selling for much less premium for their respective IV rank and have avoided them altogether. +I want to start selling puts with down side protection . +Example CLF sell the 16.50 & Buy the 14.50 with a 32 dollar credit, max profit 32 & max loss 168 dollars. + +Here comes the stupid question . +Would I still be assigned if it drops below 16.50 ? +Or does the 14.50 cancel that out ? + +If the stock tanked to below 14.50 do I collect off of the 14.50 ? +I’m assuming Yes to both my question but I thought I would ask . +Thanks +Vanguard has launched a new range of actively managed funds focused on sustainability. + +The Vanguard SustainableLife range of funds and the Vanguard Global Sustainable Equity Fund are managed by Wellington Capital Management, which manages other active funds on behalf of the £6.4tn asset management giant. + +The SustainableLife range consists of three multi-asset sustainability funds, managed by Nataliya Kofman and Loren Moran. One of these is the recently-rebranded £235m Vanguard Global Balanced fund, which *Citywire New Model Adviser* revealed last month was becoming the Vanguard SustainableLife 60-70% equity fund. + +Other funds in the range include a new 40-50% equity fund and new 80-90% equity fund. The range is designed to offer an ‘all-in-one’ solution similar to Vanguard’s passive LifeStrategy range. + +The Vanguard Global Sustainable Equity Fund is managed by Yolanda Courtines and Mark Mandel. The funds all have an ongoing charge of 0.48 bps and target long-term growth. + +Source: [Vanguard launches active sustainable funds range - Citywire](https://citywire.co.uk/new-model-adviser/news/exclusive-vanguard-launches-active-sustainable-funds-range/a1592864?section=new-model-adviser&_ga=2.236513861.574626665.1638954424-603092149.1638954424) + +It'll be interesting to see how these fare, particularly as [Vanguard tend to be ranked near the bottom of fund managers for their approach to responsible investing.](https://citywire.co.uk/wealth-manager/news/wealth-firm-drops-vanguard-over-poor-esg-approach-says-shareaction/a1583315) +Hello guys, + +im a big fan of [crypto.com](https://crypto.com). I use Kraken as my main exchange because they are secure and i trust them. I like the way the app is designed and the support is amazing aswell. + +However they lack the stacking opportunities CDC has. The main reason is im using it as a second exchange is the Debit Card. + +In germany gaining 2% cashback is actually quite a lot. For example AMEX offers 0,5%, Amazon aswell (more if you order on amazon). Those deals literally just suck. + +With the ruby card (350 Euro Stake) i get 2% Cashback and Spotify cashback worth 10,63 every month. + +That alone is like 36% Return a year (!). + +With recent events (coinbase listing) [Crypto.com](https://Crypto.com) overpassed Tiktok in the play store. They really stepping up the marketing game with formula 1, UFC partnerships and a lot coming up. Q4 is about to be wild and they promised us. + +I bought in at 9cents and was like, Damn im late. However i tripled my money within 8 months and the card works flawless. I just buy groceries and fuel with it. + +If you have any more questions im happy to answer them. My honest opinion is that this card is a no brainer for EU (cuz we somehow arent involved with great cashback deals like the US) + +Cheers, David +I have a lump sum of cash I’m sitting on that people shriek at me for not investing. They say I’m losing value due to inflation. Yet, all I see is the markets falling. Bones are out of the question, because I want to have access to the money immediately. Yet, I don’t want to dump it in stocks because of the volitality. + +What do? + +Edit: yes, bones. Not bonds. Those are stupid. Bones, yo. +Hello fellow apes. Im here today to talk about GME and the prisoners Dilemma. Now you might remember me from my previous due diligences + +[https://www.reddit.com/r/GME/comments/mbiodn/cleaning\_house\_cco\_resigns\_and\_what\_that\_means/](https://www.reddit.com/r/GME/comments/mbiodn/cleaning_house_cco_resigns_and_what_that_means/) + +[https://www.reddit.com/r/Superstonk/comments/mlscva/gme\_and\_the\_art\_of\_floors\_why\_1\_million\_is\_not\_as/](https://www.reddit.com/r/Superstonk/comments/mlscva/gme_and_the_art_of_floors_why_1_million_is_not_as/) + +&#x200B; + +I havent written any articles for a while now and for good reason. You apes have been in top form the last few months and to be quite frank the DD being done here is of a high caliber. I felt that I had nothing I really needed to say in the face of seriously good DD. But as we begin to close in on what appears to be "the endgame" I wanted to address something I have seen and provide newer apes some context to make the MOASS potentially smoother overall. + +So as the MOASS has begun to close in I decided to make a last minute bid to try and convince some friends and family who I have who were on the fence to invest in GME. Eventually I succeeded and was able to convince them to buy some shares. Yesterday however after the market closed I began talking to them and realized that the argument for buying had nothing to do with the massive naked shorting or anything like that. They were under the impression that this was purely a momentum play generated by the "redditors". I tried explaining to them the facts and DD that I have seen during my own research and through the DD on this subreddit. After I finished my explanation I said that the only thing needed to be done was to buy and hold the stock and that the short hedge funds wouldn't have any other recourse but to settle for large sums. Now my friends while not being very educated on GME aren't dumb and upon hearing the situation immediately began to explain to me the prisoners dilemma and how relying on others for my stock position would end poorly. They started saying how the apes would paper hand in greater and greater quantities as the stock increased in value and how any price target larger than 10k was more a fantasy than a possibility. Now obviously this isn't the case. I have seen this subreddit and the character of the apes within for months now and I know that some of you will hold just to spite the hedgies without taking any profit at all. But someone new to the subreddit may not be convinced. Likewise I am sure that many of you out there who have convinced friends and family to buy understand the frustration of hearing that they are going to take a nice profit out at 1k or 5k on a squeeze. The purpose of this article is to disect the argument that apes will defect in the prisoners dilemma for low price points and hopefully to convince some of you not already convinced that 20 million a share is not as crazy as it might seem. I wont be going into technical information about the stock since enough people are covering that as is I will be purely discussing the game theory surrounding Apes and Hedgies + +**INTRO OVER NOW FOR DD** + +&#x200B; + +Now for those not already familiar the premise of a prisoners dilemma is as follows a detective arrests two people and places them into two interrogation rooms where they cannot communicate. The detective only has enough evidence to put either one of them away for a small amount of time but if he can convince them to betray the other he can get put one away for life and the other goes free with no charges. If both prisoners betray each other he has enough to get them both. That is the premise of an ordinary prisoners dilemma. Now the field of game theory has analyzed this from a million angles so those of you who are familiar know that if you are only playing the game once the best solution mathematically is to betray the other since it maximizes your potential payoffs over a single game. Now this might seem to bode poorly for GME but I want to lay out why this argument is flawed in the case of GME in a comprehensive way. + +&#x200B; + +Argument 1: The existence of the detective + +In a true prisoners dilemma the detective is never considered a player himself. But consider the game from his perspective if he was. His goal is to maximize the amount of time the prisoners get in jail and as a result he decides that by forcing the two prisoners to enter into a prisoners dilemma with each other he can get the best possible outcome for himself. Now there is a reason why the prisoners dilemma isn't as effective as it once was for the police in the past and it is for exactly this reason. The prisoners dilemma is well known by the public now. Ill wager that most people reading this article have heard about it before. Imagine if you were pulled into a police station for questioning and you were told that they have someone else there that was about to rat on you first but if you confessed you could get let off easy and he'd get the harsher punishment. Would you confess in that circumstance where you don't even know if there is someone else there at all? Ill wager that anyone who has actually researched the prisoners dilemma would say no precisely because they know that they are in one because of the detectives behavior. Now how does this relate to GameStop imagine if you would what this subreddit and apes would look like if Citadel or the Short hedge funds who were manipulating the media and trying to spread discord were never discovered? Do you think such an environment of trust and of cooperation would have come about. Where bad actors are discovered and called out almost immediately. It might have sure but I cannot imagine that it would ever be as strong as it is now. I have seen this argument countless times by newer apes who decided to buy in. "I was on the fence before but after seeing all the blatant manipulation I realized that you apes might be on to something". Does this line seem familiar to anybody I have seen it 100s of times. Anyways I want to keep this a rather short article so the basic idea is this. Because we know that Shitadel and friends are trying to convince us this is a prisoners dilemma amongst ourselves we also know that this is the only way out for them to exit there short position. The fact that they try so desperately to convince us to take the money early on is proof that there is a person trying to force the prisoners dilemma on us precisely because they have nothing else on us. Not only that but the existence of bots acting as bad actors proves that someone is trying to split apart apes. + +&#x200B; + +Argument 2: This is not a single iteration + +Earlier on I said that the mathamatical solution for the prisoners dilemma is to betray. That is correct unfortunately. As you can see from this image below. Let us assume that you are prisoner A for this example. + +&#x200B; + +[Prisoners Dilemma chart](https://preview.redd.it/xz3tsba7u2371.png?width=1024&format=png&auto=webp&s=b695e7c853489d3111f57fc3372351a852f711b0) + +Now looking at this chart it might not be obvious why the mathematical answer to the prisoners dilemma is to betray but consider it from prisoner A's point of view only. Since you cannot control Prisoner B and can only make decisions for prisoner A lets look at what happens if prisoner B decides to stay silent. As prisoner A if prisoner B remains silent then you have the option between 2 years in jail or 1 year in jail. Mathematically best option is you chose only 1 year . If you take the second case where prisoner B confesses then you have the option between 8 years in jail or 5 years in jail. Again lower number is better so it would be better to confess. Therefore since the solution is the same regardless of what prisoner B chooses the mathematical answer is to betray. + +**BUT THIS MATH ONLY APPLIES IF YOU RUN THE GAME ONE TIME** + +An iterative prisoners dilemma is the same thing but with one slight difference. You are forced to play the game again and again against the person. Could be 2 times or 1 million times. This is where the real game theory is and is a bit more speculative. **B**ack in the 1980s Robert Axelrod decided to host a tournament to test what the best strategies were to solve for the iterated prisoners dilemma. He allowed for people to test out there strategies against each other to see what performed the best over time. Now there are a lot of strategies that could be used. Such as + +Always betray + +Always cooperate + +Random + +Alternate between Betray and Cooperate + +Forgiver + +Punisher + +Once Bitten + +Copier + +&#x200B; + +But the strategy that did best in the tournament overall was called Tit for Tat and the premise is simple cooperate every turn unless you are betrayed in which case betray until the other player decides to cooperate again. That is considered to be the best solution to the iterated prisoners dilemma. In the case of GME this means to cooperate until you discover that other Apes are selling. But even here the hedgies have shot themselves in the foot. Consider the fact that most apes here think that when the squeeze happens there will be a small fake squeeze that main stream media will perform to try and trick people off the trail. **THIS IS AN ABSOLUTE NIGHTMARE FOR HEDGIES**. Basically apes are cooperating and will continue to cooperate with each other until they are shown to be betrayed by other apes. But if the apes distrust the news and even the price to such an extent that they will not believe they are being betrayed by other apes even if the price which would normally indicate defection begins to drop. Likewise even other Apes talking about "betraying" over reddit is immediately considered to be bots or shills. **EFFECTIVELY MEANING THAT EVEN IF A FAKE SQUEEZE OCCURS NO ONE WILL BELIEVE IT IS FAKE AND IF IT IS THE REAL SQUEZE APES WILL HOLD ON FOR THE SAME LENGTH OF TIME REGARDLESS.** Anyways in short point here is that in this case the mathamatical solution to the prisoners dilemma in an iterative case is to buy and hold. Apes will continue to cooperate. + +&#x200B; + +Argument 3: There are no interrogation rooms + +So I consider this to be the best argument against Apes being in a true prisoners dilemma. You see in the original prisoners dilemma the detective separates the prisoners so they cant corroborate their stories and agree to cooperate with each other. Now as many of you may know **THIS IS LITERALLY A PUBLIC FORUM FOR US TO COMMUNICATE WITH EACH OTHER AND PROVIDE INFO AND IDEAS TO THE GROUP.** We are not in two separate rooms having to guess what other apes are thinking we are all talking and communicating and understanding that cooperation is simply the best strategy. And we are winning this isn't like a game of poker where the winner is just revealed at the end or like the prisoners dilemma where we don't know what happens until someone loses. Right now every single day we see more and more evidence that the detective is losing we see more and more evidence that the price cannot be held down forever by the hedgies. + +Argument 4: Its been months + +Could you imagine if during the prisoners dilemma the detective brought in the prisoners sat them down in the same room together and forced them to talk to each other for 6 months. Now mathematically it doesn't really make a difference but people are not hard computers just looking at objective facts. Don't you think that if you forced those people to be together with each other for months they would start to cooperate with each other. The fact that memes are here on this subreddit even now serve to prove the point. There is a sense of community of comradery here because we have been forced to cooperate with each other for literal months without being able to see if our guess was right or wrong. I mentioned earlier that we do see more and more evidence come to our side but that is hardly cathartic enough to be considered a victory. How many times have you seen in the comments or as posts things like I would like to keep this subreddit going after all this is over or lets have a convention of apes driving lambos or even things like after this is over lets dedicate this sub to uncovering corruption. I can already tell without even looking at the stock that apes are cooperating and will continue to cooperate because of what I see here. + +Argument 5: There are not just two prisoners + +Ill keep this section short we all know the shorts are screwed you've already seen that the float has been sold several hundred times over. The fact is that in our circumstance there will be people who jump off at 1k 5k and 10k its just going to happen. The point of this article is not to try and disprove the existence of paper hands because they do exist. The point of this article is to show that the overall ratio of Diamond hands to paper hands is high enough that the prisoners dilemma argument is not a strong argument against high price targets. I have seen evidence that leads me to believe that the overall float is owned by Superstonk alone. Even if every other party paperhands with the exception of (RC and GME itself) we still own enough stock to force a short squeeze to occur. Obviously everyone else is really helping but its beside the point. **This is a prisoners dilemma where unless they can convince ALL the Apes to fold they lose. Its just that simple** + +&#x200B; + +Anyways in conclusion I hope you enjoyed reading this essay as much as I enjoyed writing it. Hedgies are screwed and prisoners dilemma while it does apply actually is an argument as to why we are winning. The detective (SHF/Shitadel) has shown that they need us to turn on each other in order to get out of this alive. And they are failing + +BTW THIS IS NOT FINANCIAL ADVICE DONT MAKE DECISIONS ABOUT MONEY BASED UPON THIS I AM SIMPLE SMOOTH BRAINED APE BOUT TO EAT BANNANANA + +&#x200B; + +TLDR; The prisoners dillema is not an argument against apes having high price targets. Game theory analysis shows that apes are currently using winning strategy and only solution for hedge funds to escape liquidation is to convince apes to betray each other despite the fact that they are currently cooperating peacefully +I just thought I'd make a post as many on the daily thread seem eager to buy up all the dips. I was here in 2018 crash cycle.. and now the market looks and feels just the same as back then too. The exact same sentiment. People buying up dip after dip, just for the prices to dip and dip even more. and many became permanent community members. Same kind of frothy top with lots of garbage. Back then we had XVG in the top, now we have Doge, Shibu etc. + +Even in 2018 the initial leg of the crash was wild, and everyone thought it would snap back up very soon. Infact even in May/June 2018 many believed the market would resume. Lots of corrections were bought, and after a while many were down more than 50% of their capital even though they bought after a huge correction. + +Ever wondered why NANO has so many reddit subscribers despite very little adoption and even not on Coinbase yet? The answer is easy to put together... It corrected from $40 to $1 and so many bought on the way down and kept doubling down, believing it would snap back up. Not singling out NANO, most of the coin communities were just the same. Most coins corrected as much as 97% from their peak value, and stayed there for months. Many of those who held through 2018-19 did so at an extremely large mark down on their investments. + +Right now, the BTC crash from 58k level to 30k invalidated a lot of patterns, mostly invalidated any trend indicating resumption of the bull run in the short time period. If BTC breaks above 45k again, then there is an occasion to be bullish again, but otherwise it would be wise to understand the risks and acknowledge the possibility of a long and drawn out bear market. + +When many start believing that "this time it's different", the market has a wicked way of reminding people that it is not so different. + +Big money isnt buying these small dips because they know the big correction is coming. If you really think institutions are stepping in and want to buy into crypto, they dont want to buy at $35k when they know they can engineer the prices to much lower levels and buy in there. They have all the tools - from media manipulation, to onchain tricks, to even early inside warnings on regulatory actions before it reaches the average retail investor. Infact many crypto desks assist institutions with pushing the prices down so they can get a favourable entry. + + + +Make no mistake - the crypto market is growing and is here to stay, innovation is happening at a breathtaking pace. But the short-medium term could be a bit wild if you dont understand the risks in this asset class where a 95% correction was the norm for majority of the coins in the last cycle. + +My 2 cents - buy the dips if you want to, but always leave extra fiat on the sidelines just in case it corrects further. There is nothing to be gained by going all in at a 15% daily dip or even a 50% dip on alts, when it can correct another 45%. +I've been raising my daughter as a single mom and for a long time things have been really financially difficult. When I had her, I was still a full time student (used maternity leave at work to finish my program) and worked as many hours possible as a retail associate. I remember spending a lot of time wondering how I'm going to teach her valuable financial lessons so she ends up doing better financially than I have. + +I remember when family would give me a 100$ bill "to spend on your daughter" and having to use it for diapers or gas/ living necessities and wishing I could put it towards a savings account for her. + +Over the past two years things have been getting financially more comfortable for me (I still work retail, but I'm salaried now). I still don't have too much extra to put towards investing or anything, but I'm current with all my bills, saving a little bit monthly towards an emergency fund and saving for birthdays and events in advance (nothing big but like 40-50$ a month or every other month for birthdays and holidays). + +This year my daughter really started falling into the toy frenzy. The whole "mama buy me this! I want this!" +So earlier this year I decided to start a piggy bank (a ceramic jar we had lol) for her. Any time someone gives me 5$, 10$, or even a 20$ bill for her we put it in the jar. I told her this is money for her end of year gift (we're orthodox and our Christmas in January is really based off tradition, we've never done gifts and I didn't want her to associate Christmas with gifts, which is why I call it her new year gift or end of year gift). + +I wanted to share this because it has been huge in changing her attitude about spending and saving. When she helps me clean my car and finds change, she puts it in her jar, when a relative or friend gives her money for "ice cream" she puts it in her jar, when she asks me to buy her something ridiculous, I tell her, "well, if you want to take out cash from your jar you can do that, but then you'll have less for your end of year gift", and so far she hasn't taken any out. Also when she sees a commercial for something and tells me she wants it I'll tell her to "remember it when you go pick out your gift" + +Despite her not knowing how math works, and her only being able to count to 20, she has saved over 300$. My plan is to really sit down with her and have her help me roll all the coins and take them to the bank with me and then let her spend it herself, and encourage her to save a little bit so that for next year she's not starting right at zero. + +I wanted to share this because, as someone who doesn't have a huge amount of income and is starting to get on their feet, this has been a huge step in addressing money with my toddler. +Pat yourself on the back for not being an emotional mess like many complainers, whiners, and doomsday preachers were the last 2 days and pat yourself for not investing more than you can lose. Those who cannot handle having more than 50% of your portfolio gone in a day should not be investing or trading crypto because they either have too much skin in the game or are just way too emotional to be making good financial decisions. +When there’s big dumps in the markets, you always hear things like, “a whale just dumped $XXX million dollars of bitcoin in 10 minutes!” That is almost never the case. It’s true there are usually large events that trigger it, but you need to understand how trading bots and stop losses work. A stop loss is a certain price at which a trader, usually with the assistance of a bot, will decide their losses are too much and will sell their crypto to prevent even greater losses. + +For example let’s say bitcoin is at $45k, and a bot has a very conservative stop loss set for $43k. Then say there’s some price swings that bring the price down to $43k. The bot will now instantly dump its crypto to prevent further loss before the market goes down even further. + +Now, let’s say there’s not just one bot, but thousands. And let’s say some bots have stop losses in the $44.9k range, and some in the $44.8k range, and so on, and so on. That small market swing which brought the price down to $43k just triggered hundreds or thousands of stop losses. So what happens if there’s not enough buyers to support all these bots selling? The price continues to drop, and it will drop until it finds enough buyers to support all of these sellers. + +Remember these are bots. They are software programs that can trade instantly, so this massive sell-off and dump in the market happened in the span of just a few minutes. To untrained eyes it will look like an instant drop, which they conclude could only happen from a single massive sell, but that’s not he case. + +Traders love times like this. They’re able to watch the buy and sell volume and estimate when the buying support will sustain the sellers, and that’s when they start buying. A lot of noobs see a giant red line in the charts and assume it’s a good time to buy. Don’t. Traders say, “don’t catch falling knives” because if the buyers aren’t yet supporting sellers, that red line is going to get a lot longer. + +This is a super simple explanation, but you should at least be familiar with the concept if you’re going to dabble in crypto. + +Good luck! + +EDIT: Just to avoid confusion, a stop loss is a general term. There are different types of stop orders, but actually many bots won't set an actual order for their stop loss because that can affect the market. Instead the bot will constantly monitor the price in real-time and if its stop loss price is reached it'll sell. There's also trailing stop losses, which re-adjust the stop loss as the price increases. For example if you bought at $1.00 and set a stop loss in your bot at $0.80, if the price goes up to $1.20, the bot would re-adjust your stop loss to maybe $1.00. This allows maximum profits even when the price dumps. +People panic about the price drop of Bitcoin from $68k to around $42k but let's look at the prices just two years ago: + +1. Bitcoin was worth $4900 +2. $110 for Ethereum. +3. $0.024 for Cardano (ADA) + + +Despite the fact that we're probably in a bear market that's still a : + +1. 8.5x for Bitcoin +2. 27x for Ethereum +3. 35.5x for ADA at current prices. + + +Almost any coin in the top 10 made huge gains +In case you are scared it's always worth zooming out and look at the whole picture. +These little bumps on the road will become almost invisible. +Much has been said about why using superannuation savings is a bad idea, even in the present situation. + +This post is about the policy deficiency and the reason why the policy deficiency matters. + +In almost all basic financial guides, there are two consistent themes of good advice. First, save for your retirement because the pension might not exist in forty years. Second, always have a buffer of X months cash to tide us through hard times. *These are two different things.* + +We only do the first because the government made us. We don't do the second, because the government doesn't make us. If we all had a six month cash buffer, for example, neither landlords, nor renters would be having a stoush right now, but we don't and we are. + +Now superannuation, being for the long term should have it's money working hard - liquidity for something locked away for 40 years is not high priority. + +The financial buffer, on the other hand might be needed at any time, and should be highly liquid. And might be needed every decade, if the history of recessions and redundancies is observed. + +The problem we have, therefore, is that the government is trying to use a resource (super) designed for one purpose to function as another (an emergency buffer). In other words, using the wrong tool for the job on the basis that it's the only tool it has. + +Given that the lack of a savings buffer has been exposed, my question is whether, given the frequency of financial problems throughout our lives, as to whether the government should set up separate compulsory savings funds which are releasable during times of life crisis? + +Now. Big pause here. I'm not necessarily advocating this. + +What I'm saying is that since dipping into super is a bad idea, one option is for government to never use it like is happening now. However, if government does want something for people to dip into, then it should set up funds to do that...or keep the hell out. +Been waiting for many moons for Vanguard Super to launch and getting impatient to pull the trigger and changing Super funds regardless. Anyone has any insider goss or hints about what's happening with VS? + +p.s. yes, I've signed up to their newsletter for updates, and no, there has been no updates for ages. +Borrowed from r/asxbets, but as it seems polls are no longer allowed here (I can’t make one from my phone) I’ll pose it as a question instead. Aus Finance is ETFs and blue chip stocks, ASX Bets is meme stocks, stonks and pennies. + +I’m 100% Aus Finance but would like to eventually reach 10% ASX Bets. +I mean for Christ sakes!!! ...when the population and businesses have to tell its own Central Bank how totally screwed they are about their insights on inflation, where the fuck are all the REAL economists? This is almost laughable if it wasn't so god damn sad. + +Did they really need 2, not one, but 2 surveys to confirm what the 99% are living through right now due to this "transitory" inflation? + +[https://www.cbc.ca/news/business/bank-of-canada-surveys-1.6509618](https://www.cbc.ca/news/business/bank-of-canada-surveys-1.6509618) +4 Charts showing the Epic divergence between the Markets and the Economy +https://medium.com/technicity/4-charts-showing-the-epic-divergence-between-markets-the-economy-b6d44ca5ae74 + +Federal Reserve projections convey that U.S. economy is expected to shrink by 6.5% this year, the most in recorded history, before bouncing back to 5% in 2021 and 3.5% in 2022. + +What are your thoughts on how the gap will play out in the short and long terms? +So guys I'm in the crypto game for so and so long, actually I just bought some Bitcoin 10yrs ago when I wanted to buy that sweet Afghan Kush on silkroad and left it in a wallet that is now 150€ worth so I'm gonna tell you the same shit everyone else already did just to farm some moons. As you see, my only prove of authority here is nothing but this lurker account with ~10 posts over the last 5yrs, but please stay with this waste of server capacity that you can read also again tomorrow and the day after but rephrased. I have to technological nor mathematical background but I'm in almost every crypto related sub and I even do technical analysis (Well, I draw funny animals into the graphs) + +I'm gonna repeat the same 10 phrases, dont invest what you cant afford to lose, I even will pretend to care about anyones life in this sub so I'll Google the suicide Hotline and gonna copy-paste it in here because apparently NO PERSON WITH SUICIDAL TENDENCIES knows how to find these digits. + +Edit : omg my text-bricks that I rearranged from yesterdays top Post and the day before reached the Main page! I'm so surprised, so here's my last, absolutely obsolete piece of mind : you are still new, blabla hodl and dont forget to give me more upvotes. + +And when you're done jerking yourself off in front of everyone, maybe work on a better social climate in this sub ffs +To anybody out there with a credit card debt please make sure you clear this up before you start investing into crypto. It's kind of counterproductive to invest in something when you already have an outstanding debt. + + I know it can be like pulling teeth trying to pay this down and pay it off but the sooner you do you'll have more money to invest into crypto and your gains will be that much more real. The gains that you make off your crypto will be overwhelmed by the interest you're paying on your credit card in most cases. + +Now I'm not saying don't invest into crypto what I'm trying to say is maybe put a bigger portion into paying off your debt while a small portion is going into your investment. + +The soon you do this, the closer you will be to financial freedom, this leaving you more money to invest. + +Edit: I am not a financial advisor and this is not financial advice do as you wish with your money. +I’ve been in the banking industry for about 13 years and this is the 1st time I’ve done loans for government employees in mass. + +If you weren’t already aware, and are a government employee, most banks and credit unions offer loans, lines of credits, and credit cards for furloughed federal employees. + +I work for a local credit union and we’re offering credit card increases without running credit. Personal loans with reduced interest and no payments until pay resumes. And existing loans to be deferred indefinitely. + +I lot of these employees are only hearing of this through would of mouth as most banks don’t promote this info. + +Hope it helps :) + +Edit: I should have mentioned, every Financial Institution (FI) has their own policies and underwriting guidelines. Different documents may be required depending on the FI. + +Edit 2: For those of you looking for help, the easiest way to find out is contacting your current bank. + +If your bank doesn’t offer anything, google the following: “government shutdown relief X” X being the city you live in. When I do it in my area, our credit union is the 2nd link, the 1st being a news article about banks that are helping in the area. +I think I know the answer to that question, GME and Superstonk has made weekdays I usually dread so much better. Once the squeeze happens I plan on buying many more shares than I can afford right now. + +The company will be doing exciting things soon and the possible dividend that will come out, God damn what a team GME has, Thank you apes and Gamestop for keeping me going the past 4 months. + +See you all on the moon. + +Edit: removed the dividend date because I'm an honest ape and it hasn't been confirmed by Gamestop yet. + +Why my tits are so jacked today (besides my love of Gamestop and their fundamentals) +https://i.redd.it/y522ycp2l2871.jpg posted by u/RyanCohenismydad +What are the raw materials? Financials? Healthcare? Tech? Cyclicals? + +In light of the impending taper, I'm leaning toward more "boomer"-type equities next year rather than technology. If another opportunity arises, I will increase my exposure to cyclicals and re-opening trades, as well as to tech growth stocks. + +Financials, on the other hand, continue to be touted as a terrific investment opportunity, but I'm still going to hold out on that and stick with industrials and even materials. + +I believe that homebuilders will continue to outperform in 2022, and I expect this trend to continue. + + +Place your predictions here:[https://predictany.com/tournament/](https://predictany.com/tournament/) +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. +We've seen by now that MSM reports what the Hedgies want them to report, whether it's factual or not. So back on Jan 25 it was announced that Citadel and Point72 together invested 2.75 billion into Melvin Capital. What benefit is there from the Hedgies side of this info being made public? Is there a law that states that if anybody invests over X amount of money, that must be made public? Here are two questions that I think might be worth digging into: + +&#x200B; + +1) Do companies/entities have to publicly disclose this type of investment? + +2) Why couldn't the articles just simply state "Melvin receives a 2.75 billion cash injection"? Why attach Citadel and Point72 name to it and make that public? + +&#x200B; + +What psychological advantage could the Hedgies have by making this information public, the way that they did? Did they simply do it to scare retail, in that the top hedgies in the world are involved, or is there something behind this that we just haven't look into yet? And to put the tinfoil hat on, could they even have thrown those two Hedgefunds out publicly, to hide other (bigger) entities involved in this? +A crash is around the corner and everyone is convinced. All the indicators are not suggesting, proving we are in a recession and a stock market crash. + + +You know when everyone thinks something it's usually very wrong. Plenty of people have lost large amounts in their favorite tech and growth stocks. Maybe they bought in at one peak or another. So after the data and the certainty and reinforcement from others now everyone has it figured out. This is what happens next. Source? Trust me bro. + + +Could be this is 1/50 times they get it right. Could be they are wrong as always. Buffet indicator has told us there is a crash around the corner for how many years now? +Since the video comparing [Solana vs Algo](https://youtu.be/RzucrCRGYkM) this guy never stopped shilling Solana despite all the bugs and problems. + +Even in the last video about [Phantom Wallet](https://youtu.be/zI-Xd9vVnwY) he is speaking more about Solana, then the Phantom itself. + +It is clear to me that the team behind this channel received huge pile of money to keep on speaking about “VC blockchain” despite all the problems this centralized piece of tech has. Just watch his latest videos and count how many times he mentioned Solana. That’s just stupid. + +Even when speaking about [Wormhole Hack](https://www.cryptopotato.com/solana-woes-worsen-in-320-million-120k-weth-wormhole-bridge-hack) the guy literally said - “Yeah, whatever. Solans is still fastest blockchain out there. Anyway..” Watch it for yourself [here](https://youtu.be/LluzXOKRlXQ) + +Channel is not neutral. It’s bought by Solana foundation. +Just imagine there are no naked shorts, no FTDs, no swaps and brazilian puts - only those \~13% short interest and the price is sitting between 150$ and 200$, some time late 2021. + +Now imagine a Hedgefund manager looking at this company with a billion in cash, an extremely passionate shareholder base, a looming NFT/crypto/turnaround announcement and an already ongoing transformation in the core business, with top executives and specialist hires. + +Edit: we are not a cult. I wrote cult-like earlier, but it's beside the point. Good arguments in the comments, though + +How can anyone with more than two two brain cells left think that this company is a great target for a short "attack"? How would anyone actually looking to make gains really decide to invest money in shorting this company further? A bet with infinite losses? Not just some puts for a couple millions that might print or not. + +It´s so braindead, that there just can´t be any other explanation than **they needed to get the price down to survive.** It´s not necessary to understand or believe anything beyond this. In no scenario this makes sense. + +And a SI% of 13 is actually already big, 20% is huge. + +> In early 2020, Tesla was the most-shorted stock on the U.S. exchanges, with more than 18% of its outstanding stock in short positions. + +([https://www.investopedia.com/terms/s/shortsqueeze.asp](https://www.investopedia.com/terms/s/shortsqueeze.asp)) + +It just makes no logical sense, at all. + +If the SI% would have been really in the 10% to 13% region, they would have tried to slowy bring it down and close out, share by share - with fuckery and tricks. + +**If they would not have had a very very good reason to make this price drop to < 100 necessary, they wouldn´t have done it.** + +They made their loss bigger to win a few weeks or months. Someone else will carry their bags, thats why they probably dont care about this anymore, as long as they can survive another day. + +**DRS is the way.** +There are so many great projects in the cryptospace which comes to an end just because people loses interest in them. + +Also how are SHIB and other shitcoin still in top 20? + +Some billionaire tweets about what dog he has and that coin pumps. + +The Merge going to happen and everything pumps a little (Don't get me wrong, the Merge is not just hype, it is really big move). + +Another coin just happen to have its (Vasil) hard fork almost at the same time as the Merge just do grab the momentum for a possible pump, too. + +Some projects work together with sports events. Just for hype. + +Some projects put brand names in their partnership list on their websites even though they aren't really partnerships, maybe just mentioned once. + +*One most important way to DYOR your coins if they stay alive in this bear market is:* **check if it is hyped in some way** +My dad passed away suddenly at 66 without a will. My mom is obviously overwhelmed, especially trying to figure out finances. We assume it would be best to talk to a financial attorney about matters concerning outstanding debts and an advisor to figure out how to maximize the life insurance payout. But honestly we don't know where to start. Do I Google "financial attorney near me" and pick a name I like? Any advice on how to get started is appreciated. + +Edit: Thank you thank you thank you to all who have responded! Your responses have been very helpful. The wiki has good information, but it's nice to hear from others that we're on the right track. +Context- I'm a pre sneeze Jan/21 ape, drs'd, and I'm pretty up to date on the fuckery lately, but I had a real world situation yesterday that has me hoping I'm imagining this. + +I'm an artist, and I was selling art at a Horror con yesterday. A horror con, in October, after the event had been delayed through summer. A LOT of people were looking forward to this, should have been easy to make money, right? Well, all the vendors started feeling through the day that we were more packed with customers than we'd ever been, but no ones sales were reflecting that. Quite the opposite, actually. People would make all the little indicators that they would buy stuff- in my case, items under ten dollars i literally cant keep on my table at almost every event I go to- and then just put it down and walk away. I barely cleared my table fee, after 10 hours of sales of spooky things to goth people. + +It was confusing and frustrating, especially finding out most of the vendors felt that way. Personally, I needed this event to be good for paying bills reasons, so it was a hard day yesterday. + +After getting home and unloading, I had a horrifying epiphany that overlaid all of our DD and suspicions in here about just HOW fucked and how bad its gonna get for people, like I dont know if you guys understand- goth people not going ham on affordable Halloween shit is like, unheard of. Maybe it was just a bad day, maybe I'm projecting.... And its probably nothing, but.... + +DRS is the way, mayo boy can keep chugging on this hivemind locomotive cock, dont fucking dance, and apes strong together +Anyone here willing to share what was it like during those scary times? + +Did you have to go back to work? Was your passive income still functioning? + +If you relied on dividend, did you get any? If you relied on pension, did you get any? + +Or did you double down, took the opportunity and became even wealthier? +I feel like I might be so caught up in the forest that I might not be able to see the trees, but I am feeling the heat of my budget and feel very stuck. Details 24, low-mid COL, 57k, own a small home (rent a bedroom out), own my car outright and own a dog. + +After taxes/ Roth 401k I bring home $803 per paycheck (weekly, so \~3212 monthly) + I get $650 in rental income from my roommate. It FEELS like I am squeezed (& it didn't use to feel that bad, thanks inflation). Currently I put away $50 a month to a Roth IRA (which I hear isn't enough) and I've been "faking" a car payment ($300 a month) for about 6 months because my car is most likely going to need a transmission repairs in the coming year and depending on the car market it might be cheaper to buy a new car. + +Either way, even following the 50/30/20 rule, my bare necessities now go over 50%. My mortgage breaks even (without my roommate) with most apartments locally and doesn't have nearly the space and yard that I currently have. I know that the cost of socializing is a lot and my old budget didn't really have a ton of spending money for dinners or drinks with friends, but even then my "going out" budget is $200 a month now--that shouldn't wreck my budget. + +But between saving for a new car, saving for potential house issues, saving for my emergency fund, and even trying to sock some money away from a vacation and trying to put away $500 a month towards a Roth...it seems impossible. Hell, I'm trying to save 3 months of income for an emergency fund and even that sounds impossible at this point. + +How do people do this? + +EDIT: My Bare Essentials Budget: Savings wise I pull $100 a week into high interest savings account for my emergency fund, save $150 monthly for 1% of my home purchase price for house emergencies, and put $50 a month in my Roth IRA (which I do out of obligation, my mom clerked at American Funds when I was born and back in the day (lol) they gave accounts with 0 fees to all employee children. I've put in some amount (used to be $5-10 a month) as soon as I started having income because I felt guilty having an awesome opportunity and feeling it was "wasted". + +&#x200B; + +|Mortgage+Escrow|$1040| +|:-|:-| +|Utilities (Electric/Water/Trash)|$175| +|Internet|$63| +|Groceries|$300| +|Gas|$175| +|Registration/Insurance|$105| +|Car Maintenance|$50| +|Sadie (Dog: Food, Treats, Annual Vet Bill, & Grooming)|$180| +|Copays/Prescriptions (trying to save enough to have my deductible eventually)|$75| +|Therapy|$200| +|House Stuff (Cleaning supplies, air filters, toilet paper, etc)|$50| +|Personal Care/ Hygiene|$25| +|TOTAL ESSENTIAL COST|$2438| + +\+ 620 in savings, I have about $500 a month left for all the fun things, but between cost of gas rising (finally going down) and groceries, I have been tight at the waistline. I go out for a drink with friends once a week, usually dinner 1-2 times a month. That's $150 right there. +Today i decided to buy a VIX contract expiring march 3rd at 10USDA with a 30.1 cost per contract. + +I thought i was so smart by buying a call way below market trading price (if you Google VIX, it "trades" at 45USD). + +I bought a single contract because my 5k cash apparently didn't let me buy more (and I didn't know why), i originally wanted to buy 50 of these. + +It immediately deducted 3k cash from my balance and i got a notice that my account may get liquidated if the price keeps going down. + +I panicked and called support and he told me: + +*Yep, you bought a contract, worth 100 VIX, on margin, you are 28 thousand on this trade and it is about to get liquidated if it goes a cent below* + +WHAT THE FUCK, everybody in my wage slave office went quiet and felt my fear. + +He helped me sell it for break even after the little volume available upped it from 29 to 30.10 bucks and i just got hit with a 1.5USD tx fee. + +Fuck options i thought you just spent the cost of the contract, i almost got myself 26k in debt. + +https://imgur.com/a/IxioRG6 screenshot of the 3k deducted, how the fuck that meant i took a 28k margin position is beyond me + +https://imgur.com/a/EYgMW6T warning i got for those that don't believe me. +I am not just referring to mistakes and losses we made in the past (since mistakes contributed to our learning experience ) but other stuff that you may think of. +I am not just referring to mistakes and losses we made in the past (since mistakes contributed to our learning experience ) but other stuff that you may think of. +All the post sound like a big pyramid scheme but I know forex trading is real. What are these gurus trying to pull being so generous to help us make money trading forex? They say the seminars are free. Are these scams or legit opportunities? +For some damn reason I struggle heavy with being consistent when I try to implement stop losses to my forex trades. I have two demo accounts and with one account I don’t include a stop loss on my trades and let it ride till I’m in profits, and with the other account its a god damn mess. I’ll make some then lose some and repeat till the end of time, small losses over and over again. I started both with $10,000 a couple months ago and the one account that I don’t use stop losses on is up about 120% and the account I use stop losses on is at a pathetic 1%. + +Anyone else have this issue? +Is it a purely abstract bet or does it have real consequences? I don't want to hurt the turkish people with my bet, I just see the Lira going up for a long time and would like to participate in the potential revenue that could come from it. +So I've been trading for about a year and pretty much just keep losing what I put in. + +What is the next best step from here? There's so many different ways to read charts, signals, pairs etc. + +How can I work out what to learn next with so much? I don't want this to just fuck me and give up. I want to make calculated decisions and actually win sometimes.. + +Any direction would be most appreciated. + So I just thought I would just give an update about my forex trading experience so far. I currently trade on Oanda and have been rather satisfied with my experiences. I started on March first with 1,000 in my account and I currently have a net gain of 2,500. I have also withdrawn my original 1,000. So I would deffiently say it has been a good experience so far. I have also had my fair share of losses during the month but at least the wins came out on top. I would be interested to hear what some of your experiences have been. + +Edit/Addition: My strategy is still a work in progress. During the first weeks i had very poor money management skills that led to some losses. I quickly learned the importance of Stop loss and my best friend the trailing stop. For the most part i use the downtime on the weekends to do my analysis and make my trades through the week based on my diagnosis. I trade primarily the NZD/USD pair (I would also recommend other new traders to find a currency pair they like and try sticking to it and learning as much as possible about it) i use this pair because it has the most appropriate volatility for my strategy. I make an average of 1 or 2 trades a day and some days i will make zero trades. I wait until the currency is at the most volatile point of the day and then make my trade. + I usually set my stop loss at 20 pips (providing I am not trading a related news event in which case i would increase it to about 30 or 35 pips) I then watch the market and if I reach 6 pips profit I place my stop loss to my entry point in case the market turns against my position i will then break even. I then continue to watch the market and if i have moved to 12 pips of profit I set a trailing stop of 12 pips. After I have done this I will take no further action on my trade, I then let the market run its course comfortable knowing that i am not at risk of any losses but still assume a position where i can accumulate any amount of potential profits.I still think I have many flaws in my strategy and I also feel that i am still assuming too much risk during each trade. It is still a work in process and I will be modifying it soon but so far it has seemed to work. The vast majority of my losses where for attempting to trade news events and most of my regular trades tend to break even or at a profit of 1 or 2 pips. But my success has been through the trailing stop and letting my winners ride to high profits. I would also say the most important things I have learned is not to trade based off of emotion and that losses are just a part of FOREX trading. I use the FX Trade platform on OANDA and strongly recommend using the app for price alerts. + Good luck to all and I will try to keep updates on any progress. Fell free to ask anymore questions and or critique my strategy because I know i still have much to learn. +I’m a newbie and only been Trading since November 2019. I’ve been doing USD/CAD and been an interesting ride the past month. Kind of only focusing on this pair to try and master it. + +What’s your pair or pairs of choice? +[Thought I would share with you this regression I did a week ago. I used the 5 year bond spread between US and Australia as the independent variable and the exchange rate as the dependent one. E\(AUDUSD\) in blue stands for the expected exchange rate or the one resulting from the regression. We can see that the pair hasn't decreased as much as the expected rate which isn't representative of the correlation shown in the past. ](https://i.redd.it/tc7rquas8n211.jpg) + +Will we see a catch\-up in the coming weeks ? + +Feel free to criticize my analysis as I am quite new to this field. +Technical - is it after market moves in your favour by some pips? Or when you notice pivot in opposite direction? + +Is it entry+commission or do you add some tiny profit? + +I'm mostly interested in answers suitable for day-trading. +Been a frustrating week. Closed trades that would have flown because the market started turning on me in the short term. Then left trades open that just ended up getting stopped out. 6% drawdown from Monday when I could have been +15% and done for the week by Tuesday. + +Just looking for other's opinions. I know the key to success is consistency. +TLDR; Until we get fully regulated exchange style trading, **retail** fx will always be the "wild west" and believe me the sharks will eat you alive no mercy. + +So I've been thinking about this for a while now and it kind of worries me. I'm a successful live trader but the "very long term" worries me. What if this and that. I don't want to quit my job and then find out one day that I can't live off of this anymore... I trade with Darwinex at the moment and they are fucking amazing but even then I'm still worried that my relationship even with them might not last very long if I keep winning consistently. + +As I'm sure you are all already aware, currency trading is performed over the counter. Meaning there is no exchange where all parties can trade with equal terms. And that creates an **inherent conflict of interest.** This means that it's not in your broker's best interest for you to win consistently. With stock trading, on the other hand, you are trading on a centralised and fully regulated exchange and your broker will pretty much **NEVER** work against you because the more you trade, the more commission you pay. + +In the world of fx, prices are different everywhere! In the world of centralised exchanges, everybody gets the same price! **This is a reality we all have to face.** + +With fx, sure you have spread and commission but there's always a counter party. And that'll either be: + +1. Another trader (if there's enough people on the other side) + +2. You broker (direct loss) + +3. A liquidity provider (the bank pays the broker who pays you) + +So even if your broker has best model possible, which is working with an LP (NDD/DMA/STP/ECN), the LP might decide one day "hey ban that trader or we stop doing business with you". + +So my questions are: + +A. Let's be brutally honest with ourselves. Is **RETAIL** Forex trading really viable in the long term? + +B. Do you agree with me that we need something like an international exchange facility that is fully regulated? + +C. Do you think this is going to happen anytime soon? + +The only company that I've come across to implement something even remotely similar to this idea (I'm not promoting them just saying) is LMAX Exchange with their multilateral trading facility model which proves fair trading conditions for ALL traders regardless of account size or lot sizes. They really offer full transparency. + +But that's just the first step. It's not quite the right solution, in my opinion. Has anybody come across anything better out there? + +I've read a few articles about the "FX Global Code" and rebuilding trust and bla bla bla but nothing for us poor retail traders. +I’ve been doing quite a lot of digging around looking for ways to trade gold, I have been mucking around with forex for about 4-5 months now and i’m really trying to buckle down and find a profitable strategy for trading gold. + +I love how volatile it is because it leads me to believe that it would be a good pair to trade daily. + +I understand there is some correlation between gold and oil prices as well as gold and the USD and the AUD. I just do not understand how to form a proper strategy. + +I’m shooting to make 100 pips a day consistently so if anyone has any advice on how I could make this goal a reality it would be more than appreciated. +Guys and gals let me tell yall I went from $68 bucks to 800+ in like month of trading and in two days after I lost it all. + +The market kept reversing on me when I went higher. My ego was so pumped at first because with that growth I was looking at mentorship videos, compound plan. I usually may catch the long or short position so like 2 trades a day. What mess me up I start noticing rejections to the other side and it would go that direction and I would put a small micro in. I was winning then the next following week the fakeout or continue hit me harder than life. I have alot of time invested and I wanna throw in the towel. + +I may take a week off just sucks i feel back into my beginner mode so fast. +I am thinking of remaining bearish on EUR/USD. The EU continues to struggle, as weak global conditions and the U.S-China trade war have taken a heavy toll on the manufacturing sector. The Brexit crisis is only getting deeper, as a withdrawal deal with London remains elusive. +If you are one of those rare traders, what steps would you suggest to take for people to become profitable at first and then eventually do this full time? +If you are one of those rare traders, what steps would you suggest to take for people to become profitable at first and then eventually do this full time? +Hi guys, anybody here trading from Australia. I am looking to move to Canada 🇨🇦 for a good life. Since their immigration process is simple. I also had Singapore 🇸🇬 in mind. The process is very complicated. But I am doing research right now. + +Seeing that Canada and USA being harsh for fx traders I might get myself into a bad situation. + +As what I see right now. Australia is a good place for traders i believe. Please if anyone have any idea please suggest. And most good brokers are from Australia. +Also how is Singapore guys for traders? + +I am from India but was staying in Dubai since last four years. I can’t live forever in Dubai as they don’t have a proper immigration policy. + +If any Canadian traders please can you help me with the current situation there? + +Thanks guys. +Today I will talk about the beginning of my experience as a trader. + +In the first year I lost a lot of money due to the lack of education, +discipline and patience. I was letting emotions control my trading +decisions and I was having unrealistic expectations. + +My first transaction was short EUR/USD with high leverage and in less than +one hour I doubled my account. I thought that I could get rich quick, but +in less than two weeks, I blew it. + +Now I see forex trading as a long run. I focus more on the money management and on the risk and less on the profits. I always use stop losses and I am not afraid of being stoped out. I have a trading plan. The trading plan made me disciplined, patienced and the more important of all, it made me profitable. If I can do it, you can do it too, but you need to educate yourself. +Mine- + +I generally trade counter trend patterns. My ideal setup is double engulfing- - an engulfing at the top (signalling the end of the trend) and another engulfing near the first breakout candle ( signalling that the trend might reverse) +I hear people say "Keep it simple", "Don't clog up your charts with indicators", and "Don't complicate things and over-think" stuff like that. + +That doesn't make sense to me. Why would you use LESS indicators and tools, when you have them all at your disposal? Wouldn't combining different strategies and using more and more indicators increase your chance of success? How is there an inverse relationship? + +So I guess in a nutshell I am wondering, can't you just add as many possible indicators to your analysis as you can to increase your chance of correctly predicting where a chart will go? Wouldn't it make sense that way? + +Sometimes I see people analyzing charts just based on 1 simple trend or a support level and it just seems like complete 50/50 gambling to me... The only reason I see to use 1 strategy is that different trends/indicators mean different things at different time frames? + +I have been looking at strategies on this website (these particular 3 strategies): +http://forex-strategies-revealed.com/gbp-jpy-scalping +http://forex-strategies-revealed.com/trading-methods/9ema-entry +http://forex-strategies-revealed.com/advanced/rsi-fullstochastic + +If someone could help this beginner out with suggestions/readings/anything I would greatly appreciate it! I have read the Beginner Info/FAQ section so any other directions resource-wise would be great!!! I am a fast learner and would love to become a +$ scalper, even if it was simply a dozen or so pips a day. This is will not be a full-time career for me, so I am not expecting crazy returns. + +Thank you everyone :) + So I just thought I would just give an update about my forex trading experience so far. I currently trade on Oanda and have been rather satisfied with my experiences. I started on March first with 1,000 in my account and I currently have a net gain of 2,500. I have also withdrawn my original 1,000. So I would deffiently say it has been a good experience so far. I have also had my fair share of losses during the month but at least the wins came out on top. I would be interested to hear what some of your experiences have been. + +Edit/Addition: My strategy is still a work in progress. During the first weeks i had very poor money management skills that led to some losses. I quickly learned the importance of Stop loss and my best friend the trailing stop. For the most part i use the downtime on the weekends to do my analysis and make my trades through the week based on my diagnosis. I trade primarily the NZD/USD pair (I would also recommend other new traders to find a currency pair they like and try sticking to it and learning as much as possible about it) i use this pair because it has the most appropriate volatility for my strategy. I make an average of 1 or 2 trades a day and some days i will make zero trades. I wait until the currency is at the most volatile point of the day and then make my trade. + I usually set my stop loss at 20 pips (providing I am not trading a related news event in which case i would increase it to about 30 or 35 pips) I then watch the market and if I reach 6 pips profit I place my stop loss to my entry point in case the market turns against my position i will then break even. I then continue to watch the market and if i have moved to 12 pips of profit I set a trailing stop of 12 pips. After I have done this I will take no further action on my trade, I then let the market run its course comfortable knowing that i am not at risk of any losses but still assume a position where i can accumulate any amount of potential profits.I still think I have many flaws in my strategy and I also feel that i am still assuming too much risk during each trade. It is still a work in process and I will be modifying it soon but so far it has seemed to work. The vast majority of my losses where for attempting to trade news events and most of my regular trades tend to break even or at a profit of 1 or 2 pips. But my success has been through the trailing stop and letting my winners ride to high profits. I would also say the most important things I have learned is not to trade based off of emotion and that losses are just a part of FOREX trading. I use the FX Trade platform on OANDA and strongly recommend using the app for price alerts. + Good luck to all and I will try to keep updates on any progress. Fell free to ask anymore questions and or critique my strategy because I know i still have much to learn. +So when people say 'oh anyone who knows what they're doing charges for their knowledge' they are full of shit. + +In my life I have found people who know what they are doing will give away bits of their knowledge for free, because it is invaluable. However, they do it in a way that it goes to the deserving. + +If someone has to convince you to pay a sum for the secret of all knowledge, then don't. The secret of all knowledge wouldn't need the promotion. + +This is the result of what I tried to hand out, but because I didn't market it and required a slight bit of work, it was ignored by nearly everyone. https://i.imgur.com/TiWeMQ5.png + +This is part frustrated rant, part hope that people realise it is hard work if you succeed in forex, not some secret key that unlocks financial freedom. +Technical - is it after market moves in your favour by some pips? Or when you notice pivot in opposite direction? + +Is it entry+commission or do you add some tiny profit? + +I'm mostly interested in answers suitable for day-trading. +I always have a hard time explaining what Trading is to people who ask me what i'm doing. Like I have an understanding of it with myself but I just don't feel like I ever explain clearly what i'm doing. I don't beat myself up over it because I know what Trading is regardless if I can explain it to someone or not. + +Any advice ? +For some damn reason I struggle heavy with being consistent when I try to implement stop losses to my forex trades. I have two demo accounts and with one account I don’t include a stop loss on my trades and let it ride till I’m in profits, and with the other account its a god damn mess. I’ll make some then lose some and repeat till the end of time, small losses over and over again. I started both with $10,000 a couple months ago and the one account that I don’t use stop losses on is up about 120% and the account I use stop losses on is at a pathetic 1%. + +Anyone else have this issue? +Lonely demo trader/ lurker here, hoping to find his way! + +I have not found a solid strategy that I stick to for my trading but have been trying to find a correlation between RSI and ATR intersections for my ins and outs. + +If you use indicators, what combination do you find works best? + +If you absolutely hate them, why? And what do you find more useful yourself? + +Thankyou! +This also occurred in NZ, at a similar time. There was also a rise in foreign speculators in both countries. + + +Did Australia loosen lending, especially to foreigners? + + +What caused the property price rise and the subsequent slide slump around 2017? +Due to the insane used car market I'm seriously considering selling my car, mostly for financial reasons. I've moved to the inner west of Sydney this year and expect to be here for at least a few more years, so I don't see myself as needing a car very much for now. Currently I think I can sell my 2015 Honda Jazz for around 16k when I bought it for 12k in 2019, so it's very tempting for me to do so + +I've seen the car share service goget and could see that as being a great alternative instead of having to pay all the costs of owning one. + +Any tips/advice for this? +I drive a semi (CDL A) and deliver food to restaurants. It’s very hard work with little sleep and all employees currently are men but there have been females that have worked there in the past. Working 70-100 hr weeks and have made as much as $7900 in a week. Hoping this information might benefit the right person! +I am shaking as I write this. I just came home and my wife told me she got a phone call from the "FTC," and she called them back, spoke to someone with a foreign accent, and gave that person her social security number, birthdate, full name, and the name of our bank. + +She called the bank to notify them, I will call now to verify what they can do. What else do I need to do right now? + +Thanks for your help. +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. + +The market today is deja-vu to 2017. Everybody and their mothers pumping 30 different shitcoins to the moon. Scamcoins left and right. + +Graphics cards impossible to obtain + +People defending coins like a cult, calling anybody who even questions “HODL”-ing a shill. + +Businesses starting to advertise they accept crypto to get on the hype train. + +High profile criminal cases involving Bitcoin. + +Looming tax changes and pending new government regulations. China making big threats (this was one of biggest catalysts to the bear market in 2k18) + +Crypto “celebs” and mega millionaires battling on Twitter. + +Everything happening now happened then. + +The only difference now is there’s quite a lot more institutional money tied up in it. And that money is typically a lot more averse to risk. + +Once your dad starts asking about it, it’s the beginning of the end. When your grandad starts asking about it, then it’s already too late. + +The market grew quickly on speculative buyers looking to make fast cash. The market will shrink even faster. + +Strap in for a long one everyone. I bought back in ETH in 2018 when it was $130. We’re not even close to the bottom right now ... don’t try to time it, wait until it goes sideways +There are a few post here already, I cannot comment every of them, so here is post clarifying this information. + +I'm Ukrainian and I can read National Bank of Ukraine website and their original posting. So. + +1. *They did not ban Bitcoin*. +2. They stated that Bitcoin is not regulated by them or anybody and they cannot guarantee safety of funds or operations. +3. They stated that Bitcoin is often used for illegal activities (*ahem* Silk Road *ahem*). +4. They pointed out that only legal currency for payment for goods and services inside Ukraine is Hryvnia (UAH). It always was that way. So you cannot slap anything on price tag in the shop except UAH. Same for other officially documented prices or contracts. +5. They asked citizens to be vigilant for scams when using Bitcoins. And you should be! + +So, basically they said: Government doesn't give a damn if you lose all your money using Bitcoins. And you should not use anything other than UAH for your business records and official prices and tax records. +I have over $200k in federal student loans. The interest rate ranges from 4.3-7.6% but interest is frozen through February I believe. + +I'm about to start my new job making $200k a year. This is a pretty high stress job and most people burn out after a few years. Most likely, I'll only stay 2 or 3 years before moving on to something lower paying. + +I want to take advantage of the $200k salary while I have it. After tax, I'll be taking home around $140k. I was planning on living on $40k and putting $100k into my loans. But now I'm starting to worry about the fact that I have no savings. I hate having so much debt hanging over my head but I worry that I need to start saving for retirement sooner rather than later. What do? +If similar trends are to follow in this bull run, we might see 20K beginning of July. + +15 days, a lot can happen. Let's hope it happens for the good. Signs point to 20K soon. +Thanks to some other apes, I read the Financial Stability Oversight Council [2021 Annual Report](https://home.treasury.gov/system/files/261/FSOC2021AnnualReport.pdf). While the [Press Release](https://home.treasury.gov/news/press-releases/jy0541) mentions cybersecurity issues, some retail investors might be more interested in the *un-*highlighted parts of this Annual Report. I'll highlight some for you and then translate into English. + +[Financial Stability Oversight Council 2021 Annual Report \[pages 174-175\]](https://preview.redd.it/9ood4wbjtj681.png?width=1100&format=png&auto=webp&s=d3c16020da1cf3b7ab30ac8d29b1d3611d5c6438) + +"However, **some emerging vulnerabilities may have been highlighted by the January 2021 episode of market volatility, which involved heavy trading in certain equities, including GameStop** Corp., that were discussed widely on social media." + +The Financial Stability Oversight Council is saying that GameStop and other stocks revealed new issues in the market. Interesting... + +While they go on to say that the January spikes didn't have any systemic problems, "sudden asset price movements unrelated to fundamental news could represent a vulnerability". Which basically means they still think GameStop is worth zero, but .... If the stock price were to get squeezed, that could cause problems. Especially if the squeeze "lead\[s\] to cascading impacts by causing asset liquidations or putting stress on financial institutions." + +Basically, if GameStop (and possibly other stocks) squeeze, there could be instability due to asset liquidations (e.g., margin call, bankruptcy, etc...) that would create problems for financial institutions. + +[ELIA: Financial System](https://preview.redd.it/w24ljwfmzj681.png?width=2282&format=png&auto=webp&s=0e2c11654ba82e71ad8d0c1da025c4012ad37f39) + +>"This episode raises the question of **how social media coordination compares to other more traditional forms of coordination** that existing policy tools are designed to address." + +Now that's a loaded statement. + +* This statement starts by ***incorrectly*** accusing retail investors of coordinating over social media. +* Everything retail investors have learned from "this episode*"* suggests "**traditional forms of coordination** that existing policy tools are designed to address" are **acceptable**. It's hard to come to any other conclusion given the lack of policy changes and unenforced regulations over the past several decades *despite* multiple parties raising concerns. We are experiencing 2008 all over again because ***nothing has changed***. +* ***Comparing*** "social media coordination to other more traditional forms of coordination" allows tailoring new policies to address ***unacceptable*** "coordination". By looking for similarities between what's traditionally been allowed and what retail investors have been able to exploit, they can close *just those loopholes.* **What about all the traditionally available loopholes that retail hasn't caught on to?** Those are conveniently ignored by this statement. + +If retail investors buying, holding, and registering their shares into their name creates financial instability possibly resulting in sudden asset price movements leading to cascading impacts with asset liquidations and stress on financial institutions, it seems to me that the problem is neither with retail investors nor any alleged social media coordination. Failing to address the root cause of any vulnerabilities will only ensure another financial instability crisis. + A lot of you are thinking of selling if this hits 1k. I’m not selling at 1k. 1k a share would EXTREMELY good for the hedgies, as they can afford to buy your shares at 1k and survive another day. Due to the low volume trades we’ve been witnessing and the stock maintaining above 300 (couldn’t even break 250 on friday with 3 hours of our asses getting slammed sideways by ladder attacks) I’m confident if this holds we can outlast them to MINIMUM $4,000-$20,000. + +Considering that fidelity and vanguard can support the volume, i’m further confident that Monday is going to be a shit show for the hedgies. +Posted a couple days ago saying the same thing. Today is another case in point. F spy puts . Indexes go down and everyone (from what I’m reading) lost on their spy puts despite being ITM. My bear/ultra shorts ETF made money. No, I’m not holding them for long term. Fuck spy puts. + +Lost $2800 on my puts yesterday and made $600 back today. Same positions and nothing expired today. Market moved the same number of points. Just shows you how hard it is. + +Rant over +Can some folks help me understand what is the "free money" some people talk about? They say the economy is tanking bcos govt is giving out more money than pple earn working that's why businesses are not able to hire workers. I am working and have not gotten any offers of this "free money" +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://indiainvestments.wiki/discord) and seek answers to your queries + +If you're looking for reviews on any of these following, follow the links: + +- [which bank or brokerage to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +- [which fund house is more capable and trustworthy](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +- [which investing platform to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), +- [which insurance company is reliable](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) + +Generally speaking, there is no best stock, or fund, or bank, or brokerage, or investment platform. + +Answers are always subjective to your personal needs, but use those threads a starting point for you to look at what other Redditors have to say about a company, product, fund, or service. + +You can then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is _I got 10k INR, what do I do to get most returns out of it?_, or anything similar; there is no single answer to this question. But we will also need A LOT MORE information if we are to provide some sort of answer: + +- How old are you? +- Are you employed/making income? +- How much? What are your objectives with this money? +- Do you have any loan, or big expense coming up? +- What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it's 100% safe?) +- What are you current holdings? (Do you already have exposure to specific funds and sectors? Have you invested in equity before?) +- Any other assets? House paid off? Cars? Partner pushing you to spend more? +- What is your time horizon? Do you need this money next month? Next 20yrs? +- Any big debts? +- Any other relevant financial information about you, that will be useful to give you an informed response. + +Beware that these answers are just opinions of fellow Redditors and should only be used as a starting point for your research. This is **NOT** financial advice, in legal sense of the term. + +You should strongly consider consulting a registered fee-only financial advisor before making any financial decisions. Ideally, such advisors should be registered with SEBI, and have a registration number. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1). +Although, I live with my Mom and Dad and a Brother in our own Home, Our relationship is complicated and I do not want to pay rent to my Dad and Dad prefers the same. I've dug through many quora articles and all those posts talk about paying HRA to my Dad. But, I need to know what would happen if I pay HRA of over 1 Lakh to my cousin sister who is living with her Mom and doesn't work and no plans to work as well. i.e I would submit her PAN number while filing deductions. I do send her pocket money over 10k every month via No Broker App and select the rent payment transfer. So, this idea popped in my mind on why not use the same amount as HRA? What could possibly go wrong? +Earlier Kuvera SIP processing and fund allotment used to take T+1 days (in general). Since June 1st, I see that mutual fund allotment is happening on the same day as SIP fund deduction from the bank (one of the Nodal banks). + +Is this a permanent change? Was there any change implemented at Clearing Corp/NPCI ACH? +like i m a total noob here , so don't even know the name of companies .I have started building my portfolio in the simulations , so how can i pick stocks ? +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. +I've need to know a few things: + +* What hardware is available in india? + +* Where is the cheapest electricity in the country? + +* ROI? + +* How much have you mined till date? +Can the upcoming budget be that trigger which may trigger a panic sell-off ? Since the gov may be planning for a budget that will help the ruling party win the 2019 elections, the chances of economic reforms is low and also since the gov would need capital for implementing various kind of sops for various vote banks, there is a chance of the budget being market unfriendly with new taxes. + +In such a scenario will it be smart move to exit the market before the budget and enter at lower levels ? Or is the budget expected to be market friendly and may swell the indices to an even further inflated levels ? +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://indiainvestments.wiki/discord) and seek answers to your queries + +If you're looking for reviews on any of these following, follow the links: + +- [which bank or brokerage to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +- [which fund house is more capable and trustworthy](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +- [which investing platform to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), +- [which insurance company is reliable](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) + +Generally speaking, there is no best stock, or fund, or bank, or brokerage, or investment platform. + +Answers are always subjective to your personal needs, but use those threads a starting point for you to look at what other Redditors have to say about a company, product, fund, or service. + +You can then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is _I got 10k INR, what do I do to get most returns out of it?_, or anything similar; there is no single answer to this question. But we will also need A LOT MORE information if we are to provide some sort of answer: + +- How old are you? +- Are you employed/making income? +- How much? What are your objectives with this money? +- Do you have any loan, or big expense coming up? +- What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it's 100% safe?) +- What are you current holdings? (Do you already have exposure to specific funds and sectors? Have you invested in equity before?) +- Any other assets? House paid off? Cars? Partner pushing you to spend more? +- What is your time horizon? Do you need this money next month? Next 20yrs? +- Any big debts? +- Any other relevant financial information about you, that will be useful to give you an informed response. + +Beware that these answers are just opinions of fellow Redditors and should only be used as a starting point for your research. This is **NOT** financial advice, in legal sense of the term. + +You should strongly consider consulting a registered fee-only financial advisor before making any financial decisions. Ideally, such advisors should be registered with SEBI, and have a registration number. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1). +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://indiainvestments.wiki/discord) and seek answers to your queries + +If you're looking for reviews on any of these following, follow the links: + +- [which bank or brokerage to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +- [which fund house is more capable and trustworthy](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +- [which investing platform to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), +- [which insurance company is reliable](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) + +Generally speaking, there is no best stock, or fund, or bank, or brokerage, or investment platform. + +Answers are always subjective to your personal needs, but use those threads a starting point for you to look at what other Redditors have to say about a company, product, fund, or service. + +You can then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is _I got 10k INR, what do I do to get most returns out of it?_, or anything similar; there is no single answer to this question. But we will also need A LOT MORE information if we are to provide some sort of answer: + +- How old are you? +- Are you employed/making income? +- How much? What are your objectives with this money? +- Do you have any loan, or big expense coming up? +- What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it's 100% safe?) +- What are you current holdings? (Do you already have exposure to specific funds and sectors? Have you invested in equity before?) +- Any other assets? House paid off? Cars? Partner pushing you to spend more? +- What is your time horizon? Do you need this money next month? Next 20yrs? +- Any big debts? +- Any other relevant financial information about you, that will be useful to give you an informed response. + +Beware that these answers are just opinions of fellow Redditors and should only be used as a starting point for your research. This is **NOT** financial advice, in legal sense of the term. + +You should strongly consider consulting a registered fee-only financial advisor before making any financial decisions. Ideally, such advisors should be registered with SEBI, and have a registration number. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1). +Does residential and commercial rental generally keep up with inflation, after accounting for property taxes and say 20% of rental set aside for maintenance and repairs? + +What types of properties are more likely to keep up? Urban office spaces? Shops? Independent houses divided into rentable units? Commercial outdoor space? Storage? Farmland? + +Please share gyaan about this from your learnings.. thanks! +I invest in ICICI liquid fund and tried redeeming 50k this last week. I sent a redemption request on Monday last week and received the money in my bank account only yesterday. I did not expect the processing to take this long. I missed my credit card payment deadline because of this. + +&#x200B; + +Did you guys face similar issues? +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. +[Sebi extends timing for trading in equity derivatives till 11:55 pm](https://www.businesstoday.in/markets/stocks/sebi-timing-for-trading-in-equity-derivatives-till-1155-pm/story/276258.html) + +>Securities and Exchange Board of India (Sebi) has allowed stock exchanges to extend timing of equity derivatives trading till 11:55 pm with effect from October 1, 2018. + +>The move is aimed to enable integration of trading of various segments of securities market at the level of exchanges, Sebi said. Trading in equity derivatives will take place from 9:00 am to 11:55 pm, similar to the trading hours for commodity derivatives segment which are presently fixed between 10:00 am and 11:55 pm starting October. + +*** + +[Sebi announces additional risk management measures for derivatives segment](https://economictimes.indiatimes.com/markets/stocks/news/sebi-announces-additional-risk-management-measures-for-derivatives-segment/articleshow/64005541.cms) + +>These measures pertain to margin collection requirement and computation of liquid net worth for the equity derivatives segment. The provisions of the circular will be effective from June 1. + +>With regards to client's margin collection requirement in the equity derivatives segment, SEBI said that clearing members or trading members should include initial margin, exposure margin or extreme loss margin, calendar spread margin and mark to market settlements. Client margins are required to be compulsorily collected and reported to exchange or clearing corporation. + +>This is likely to have a negative impact on option writers and traditional brokers. The initial margin required for the positions is computed using a software called SPAN (Standard Portfolio Analysis of Risk). SPAN margin covers almost of the risk for of the day. Exposure margin is the margin charged over and above the SPAN margin which is the discretion of the broker. Failure to have requisite SPAN margin in the account can result in penalty being levied by the exchanges. + +>“These changes will impact the brokers who collect minimum margins for F&O trading especially option writers” said Nitin Kamath, founder and CEO, Zerodha. “Now brokers will have to collect span margin, exposure margin and MTM loses upfront, while the penalty on margin shortages is huge”. +You can discuss something like these, ITT: + +- Which fund houses are you currently investing with? Why did you invest in the funds? +- Reviews on the funds offered by the fund house? +- Provide your opinion on the investment services offered by the fund house. Do you avail their instant redemption features of the liquid funds? Do you use a "smart" SIP offering? +- How easy it is to navigate & use their app / websites? +- Does the fund house provide periodic communication regarding the markets, fund performance and strategy? +- What PMS scheme / AIFs are you currently invested in, if any? Why did you choose it? +- What does the PMS / AIF fee structure look like? +- Does the PMS manager provide periodic communications regarding portfolio selection and performance? + +--- + +You can ask for general review of a particular product or service that you are researching - _"What is the investing style of fund X? Is it recommended for long-term retirement needs?"_, but **avoid asking for personal advice**. + +The discussion is for consumption by a broader audience, not just specific to you. + +For advice regarding your personal situation (like "I have 25L saved up currently for retirement purposes in 30 years. What fund / PMS / AIF should I choose?"), the bi-weekly advice thread is recommended It's stickied at the top of the subreddit. + +Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the discussions only to reviews or requests for reviews of products and services. + +[Link to previous threads](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +Looking for some companies in India which have an extremely consistent dividend track record of many years, even decades, and additionally have steadily grown dividends each year. + +Kind of like the dividend aristocrats of USA. + +Clock work consistency, high certainty, and growth of dividend each year is what I'm looking for. +I've need to know a few things: + +* What hardware is available in india? + +* Where is the cheapest electricity in the country? + +* ROI? + +* How much have you mined till date? +Is there a place where I can programmatically download historic data like earnings, reserves and financial ratios for a company? + +Fine with Excel or Google Sheets too. (I can write code to read these files) However, one file should be able to retrieve data for all specified companies. Thanks. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +>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! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +The latest bill Warren has proposed is a dangerous one that seeks to cut regular Russians from crypto. According to the bill, exchanges, intermediaries etc should stop dealing with addresses originating from Russians. + +She is seeking to cut off every Russian from crypto even though they have nothing to do with Putin's war. What is worse is that even decentralised protocol devs could be held liable if somehow a Russian ends up using their protocol or tool. How does this make any sense? Protocol developers have no way of limiting who uses their software. + +FBI, White House, Treasury department have all said that crypto is not being used to evade sanctions in any serious sums worth paying attention to. + +https://www.coincenter.org/new-crypto-sanctions-bill-targets-publishing-code-facilitating-transactions/ + +> Bill would place sweeping restrictions on persons who build, operate, and use cryptocurrency networks even if they have no knowledge or intent to help evade sanctions though the Administration’s own experts have repeatedly said cryptocurrency evasion is not serious + +> Senator Warren and a raft of Democratic co-sponsors today introduced a bill titled the Digital Asset Sanctions Compliance Enhancement Act, which would place sweeping restrictions on the cryptocurrency ecosystem under the guise of bolstering sanctions against Russia for its unjustified invasion of Ukraine. She has done this despite the fact that there is no data suggesting that cryptocurrency has been used–or can meaningfully be used–by sanctioned parties to evade sanctions, and despite the fact that frontline officials from the White House, Treasury, and the Department of Justice have all stated that cryptocurrency is a poor tool for sanctions evasion and one that they have well under control. + +> For example, FBI Director Christopher Wray said last Thursday at a Senate Intelligence Committee hearing: + +> The Russians’ ability to circumvent the sanctions with cryptocurrency is probably highly overestimated on the part of maybe them and others. We are, as a community and with our partners overseas, far more effective on that than I think sometimes they appreciate. + +White House has also said "cryptocurrency is an ineffective primary tool for the state" + +It is well reported that the Russian state is planning or already using Chinese Yuan, Indian government's aide to evade sanctions, not crypto. + + +Why is she so unhinged against crypto? Someone must be funding her so much that she spends her entire time talking shit about crypto and brining about senseless regulations. + +She does not even understand crypto, yet comes up with senseless regulations that cannot be complied in good faith. +Throwaway account for obvious reasons. + +Like stated in the title, I am an 18 year old about to go off to University (leave on September 4th). My girlfriend is also 18, but still in high school. However, yesterday, my girlfriend informed that she was late on her period and so she took a pregnancy test. It came out positive. She said she was planning on having the baby, and I of course 100% respect her decision. + +Because she's still in high school, she can't fully support the baby by herself on a part-time job, no matter how hard she works. My plan originally, was to goto University for one year, and then come back home to goto a University closer to my home (long distance isn't real my thing, and the Uni I'm planning to goto is 6 hours away). However, because of this new and unexpected complication, I was wondering if it would be a better idea to try to find a job around my area, to support her and the baby. I don't really expect nor want her to be alone while going through her pregnancy. + +Should I try and find a decent paying job around my area, and support my girlfriend and child? Or should I go as I originally intended, to a Uni 6 hours away, and then come back and try to support her? + +*I have decent skills in computer software/coding and I worked at a local bakery for a long enough time to maybe manage the store* + +Also, I know getting a girl in high school pregnant is hella idiotic and definitely needed more planning or contraceptives on my part. We did use Plan B after having unprotected sex but it wasn't right away, though it was in the 3 day time frame. + +I don't plan on leaving my girlfriend to have this baby by herself, but I am at a loss for what to do. Help please :( + + + +*EDIT : Thanks for all the replies so far, it's really been stressful to be completely honest. Her living situation for the next year or so would be fine, because her parents are very supportive, just maybe not in this situation, but they wouldn't throw her out, no. So until she graduates high school, she would have a place to stay. As to what she wants, she wants me to stay of course, and I want to as well, but I feel as though, like many of you have said, a college education and degree is what will ultimately lead to a more supportive career. I do have decent computer coding skills, so I feel like if I can get a job in that field, I wouldn't necessarily have to goto Uni to get a decent paying job.* + +*EDIT 2 : Thank you all so much for an outpouring of your generosity and compassion. I really do appreciate everyone's input and will update you once I talk to her about it tomorrow. I'm out right now so once I return, I'll try to reply to everyone's posts! Thank you everyone!!* +Apologies if this isn't the right sub - it's probably the sub that most closely ties with this question though. + +I'm 24m and living with parents. I've been wanting to buy for a while but have been saving up the money. + +I've started seeing a girl who I went to uni with a few years ago. It's fairly early days but she wants to move out of her family house too. She's also looking to buy. We both have saved fairly well but live in the south (fairly close to London) and therefore wont be able to get much for our money. Obviously moving in with someone is a big commitment and therefore we'd be moving too quick if we moved in together. Financially we could get a much better house but it's risky with someone I've known for not that long. + +The problem is, neither of us want to rent so if we did end up moving in together I don't know how to do it other than us both buy the property. What's the best way of going about it? E.g. Could we get some separate contracts where it'll lay out the terms nice and clearly? +We are looking seriously at buying a Miller property. + +It is not leasehold (Scotland), the costs for maintaining the grounds etc £100/year and no history of this being increased. +I am aware will likely be snagging issues and will get a professional snagger. +They’ve offered us a decent deal on paying for our floorings etc and we’ve costed all the other “upgrades” such as turf (!) +Aware may be longer to see return in value. It would be a very long term property. + +Pros: no offers over home report (we have missed out on several despite going 8% over for the last property and you have to have that in cash), no repair costs for first 2 years or bigger issues for 10, current property is 120 years old and that is v appealing, the house is perfect for us. + +Is there anything I may have missed? +For those who do not know; Shared Ownership is buying a percentage of a property and paying rent on the remaining portion. + +i.e, you pay 40k for a 35% share and then pay £250m rent on the remaining 65%. + + +Is this worthwhile for low-income families to get into the housing market? + +Or is it taking advantage of those desperate to own their own homes? + +EDIT : blessing or curse. I am dumb +I don’t know if /r/personalfinance is only supposed to be for those seeking advice. If so, please remove. But, this experience was new to me and thought the shared knowledge might be interesting + +A few days ago, I got an email from eBay letting me know about my new purchase. 25 boxes of Cheetos for $250 paid via PayPal! No, I didn’t buy a bunch of Cheetos... + +So, the first thing I did was log in to eBay and try to find the transaction but it wasn’t there. So, I changed my password on eBay, PayPal, my bank account, and all financial and personal things I could think of. + +Then I requested a cancellation with eBay, filed a dispute with PayPal, and called my bank to file the fraud. + +After laying the groundwork I got back into eBay to try to figure this thing out. I could see the fucking Cheetos as recently viewed items but nothing in purchase history... until I figured out there’s a hidden purchases tab? Why does that exist? It was there. + +So, now I had to wait to hear from the seller on the cancellation and PayPal. + +The seller wrote back the next day and said they’d canceled and refunded but all I could still see anywhere was the $250 pending on my account. Then, I got this AMAZING email from PayPal saying that they’d denied my claim because there was NO unauthorized purchase and the purchase was consistent with my purchasing history. + +I’ve used PayPal three times in the last twelve months. I bought a couple records and a watch off eBay. No, never any Cheetos... I called PayPal and they let me know that yes it was denied and I forced the issue by being really snarky about my lack of Cheeto buying history. They eventually transferred me to someone domestic and I got her to agree the premise of the denial was absurd and after a long hold she came back on and said she hoped I could find a good use for the Cheetos and that she’d approved the refund. + +I guess the most important takeaway in my opinion is that it appears PayPal damn near auto denies these claims. You’ve got to call and argue. So... hope that wasn’t a waste of time but I thought it was interesting + +I am currently having an existential crisis. I am a 4th year finance student at quite a prestigious business university. I have never been too interested in investment management, I have always found the concepts to be interesting though. I had some advanced finance classes that I really enjoyed such as portfolio management, financial markets and investment, and managerial finance. + +However I am in a class right now called advanced career perspectives in investment management, and all I can think to myself is this is all so pointless. Coupled with a philosophy class I’m in where we talked about cognitive biases, it just seems like everyone in the investment world is caring and paying so much attention to something that they can not control or predict in any sense. + +I read an article by Nobel prize winner Daniel Kahneman about the illusion of stock picking and how the most “skilled” people in the industry are no better than the average person. In actuality people who invest less often tend to do better than people who invest a lot. 2 out of 3 mutual funds underperform the market every year. + +Does anyone have any insight to give this investment world purpose? I am starting to resent my class because of its pointlessness. People live and breathe watching the markets every day, yet I sit here and can’t find any overall purpose. The investment world just seems Sisyphean. This is not a call out to anyone interest I am genuinely looking for someone to tell me that there is purpose to it. +You know that moment when you look back and wonder: what the f\*\*\* I was doing, spending too much time in front of the screen? That’s me right now! + +I’ve been interested in several investment topics since I can remember and only now I can finally realize I didn’t need that overwhelming amount of information. + +If you value your precious time, stop right now and pay attention to a piece of honest advice: several **proven** cases show that you just need a tiny fraction of financial data to build a conservative strategy, reducing your risks on stocks for the long run. + +I know some of you truly enjoy deep analysis of companies, however, I’ve got some suggestions for your time: go to the gym, update your Netflix series, drink some beer with your friends, spend more time with your family and, please, do not forget to feed your cat (they would never forgive you for that!!). + +The bottom line is: you just need to avoid terrible choices. Don’t trust me? OK. Just look at the numbers. + +**Proof #1: in the end, profits are the one thing that matters the most.** + +Among all those data from financial reports, there’s one that summarizes the economic situation of the company: profit (aka net income, as they like to call it). Look at these simple comparisons between good net income and stock prices: + +Apple (until Nov, 15th): + +||net income (US$ millions)|year closing price| +|:-|:-|:-| +|2008|1,072|12.19| +|2009|8,235|30.10| +|2010|14,013|46.08| +|2011|25,922|57.85| +|2012|41,733|76.02| +|2013|37,037|80.14| +|2014|39,510|110.38| +|2015|53,394|105.26| +|2016|45,687|115.82| +|2017|48,351|169.23| +|2018|59,531|157.74| +|2019|55,256|265.76| + +Walt Disney (until Nov, 18th): + +||net income (US$ millions)|year closing price| +|:-|:-|:-| +|2009|3,609|32.25| +|2010|4,313|37.51| +|2011|5,258|37.50| +|2012|6,173|49.79| +|2013|6,636|76.40| +|2014|8,004|94.19| +|2015|8,852|105.08| +|2016|9,790|104.22| +|2017|9,366|107.51| +|2018|13,066|109.65| +|2019|12,798|144.67| + +&#x200B; + +Home Depot (until Nov 19th): + +||net income (US$ millions)|year closing price| +|:-|:-|:-| +|2008|1,958|23.02| +|2009|2,661|28.93| +|2010|3,338|35.06| +|2011|3,883|42.04| +|2012|4,535|61.85| +|2013|5,385|82.34| +|2014|6,345|104.97| +|2015|7,009|132.25| +|2016|7,957|134.08| +|2017|8,630|189.53| +|2018|11,121|171.82| +|2019|11,203|238.85| + +&#x200B; + +MasterCard (until Nov 19th): + +||net income (US$ millions)|year closing price| +|:-|:-|:-| +|2008|\-939|14.29| +|2009|1,463|25.59| +|2010|1,847|22.41| +|2011|1,906|37.28| +|2012|2,759|49.12| +|2013|3,116|83.54| +|2014|3,617|86.16| +|2015|3,808|97.36| +|2016|4,059|103.25| +|2017|3,915|151.36| +|2018|5,859|188.65| + +&#x200B; + +Monster Beverage Corp (until Nov, 2019): + +||net income (US$ millions)|year closing price| +|:-|:-|:-| +|2009|113|6.40| +|2010|210|8.71| +|2011|285|15.35| +|2012|338|17.61| +|2013|337|22.59| +|2014|482|36.11| +|2015|545|49.65| +|2016|710|44.34| +|2017|818|63.29| +|2018|992|49.22| +|2019|1,090|59.03| + +&#x200B; + +On the other hand, let’s take a look at some poor net income: + +Newmont Mining Corp (untill Nov, 19th): + +||net income (US$ millions)|year closing price| +|:-|:-|:-| +|2008|561|40.70| +|2009|2,093|47.31| +|2010|2,302|61.43| +|2011|302|60.01| +|2012|2,111|46.44| +|2013|\-2,795|23.03| +|2014|329|18.90| +|2015|304|17.99| +|2016|\-943|34.07| +|2017|\-109|37.52| +|2018|380|34.65| +|2019|2,338|38.35| + +&#x200B; + +Milestone Scientific Inc + +||net income (US$ millions)|year closing price| +|:-|:-|:-| +|2010|0|1.02| +|2011|\-4|0.36| +|2012|\-2|1.45| +|2013|4|1.70| +|2014|0|2.30| +|2015|\-6|2.35| +|2016|\-6|1.40| +|2017|\-4|1.18| +|2018|\-5|0.33| +|2019|\-3|1.12| + + + +M - Macys Inc (untill Nov 21st): + +||net income (US$ millions)|year closing price| +|:-|:-|:-| +|2009| 329|16.76| +|2010| 847| 25.30| +|2011| 1,256| 32.18| +|2012| 1,335| 39.02| +|2013|1,486|53.40| +|2014| 1,526| 65.75| +|2015| 1,070| 34.98| +|2016| 611| 35.81| +|2017| 1,536| 25.19| +|2018| 1,098| 29.78| +|2019| 1,025| 14.67| + +&#x200B; + +Tripadvisor (until nov, 21st): + +||net income (US$ millions)|year closing price| +|:-|:-|:-| +|2011|177|25.21| +|2012|194|41.92| +|2013|205|82.83| +|2014|226|74.66| +|2015|198|85.25| +|2016|120|46.37| +|2017|\-19|34.46| +|2018|113|53.94| +|2019|117|28.06| + + + +GAP: + +||net income (US$ millions)|year closing price| +|:-|:-|:-| +|2009|1,102|20.95| +|2010|1,204|22.14| +|2011|833|18.55| +|2012|1,135|31.04| +|2013| 1,280| 39.08| +|2014| 1,262| 42.11| +|2015| 920| 24.70| +|2016| 676| 22.44| +|2017| 848| 34.06| +|2018| 1,003| 25.76| +|2019| 937| 16.22| + + + +By the way. I love searching for vacation tips and hotels on TripAdvisor. But, would I buy their stocks? Not for a while... + +**And you know the most exciting?** + +**It doesn’t matter the country you live in! If you pay attention to stocks in your home, you’re gonna find the same pattern!** + + + +**Proof #2: diversification is your best friend.** + +Now you might wonder: what if a company fails? Well, in this case, diversification is your best friend. + +Let me ask you another question: if you had $100 on your wallet right now, would it hurt too much if you suddenly lost **$2**? + +Pay attention: It’s not a math question! Of course, you’re gonna have less money in this case. What I’m really asking is much simpler: would you really care if, someday, walking on the street, you lost $2? + +The answer is more revealing than you think: + +If you said “yes, I do care”, listen to a piece of honest advice: stocks are not for you. But don’t worry! There’s absolutely nothing wrong about that. You just gotta find what suits you best. No investment should keep you awake at night! + +On the other hand, if you said “no, I don’t really care…”, I have some great numbers to show you. + +When your portfolio is properly diversified, the risk of bankrupt of one specific company will represent only about **2%** of your portfolio. + +Just follow this practical step-by-step system: + +First of all: you don’t wanna go all in! Keep Vegas mood out of this! Instead, let’s take smooth steps so that we can keep our process less risky. + +Each month, you will take that part of your savings you wanted to put on stocks and buy shares of only one company. Let’s say $300 per month (you decide how much, but take it easy). + +And each month, you’ll buy shares of a new company, gradually diversifying your portfolio. In the beginning, you will see just a few companies in your portfolio (and it should begin like this), but over time, you will notice a constant increase in the numbers of shares. + +It goes like this: + +1st month: $300 on company 1 = 100% per company + +2nd month: $300 on company 2 = 50% per company + +3rd month: $300 on company 3 = 33% per company + +(…) + +10th month: $300 on company 10 = 10% per company + +(…) + +50th month: $300 on company 50 = 2% per company + +As you can see, in the first month, 100% of your portfolio is concentrated in one single company, however, it’s only $300 at that moment (that’s why it’s so important to keep it slow). + +After a while, even though your portfolio has increased, your risk has been gradually reduced, thanks to diversification. + +And there’s more: even if one specific company fails or faces a hard time in its financial situation, remember that you already chose other high-quality stocks, based on consistent profits. In this case, statistics are on your side and the companies are very likely to be gradually growing. + + + +**Proof #3: During a crisis, good companies are like professional fighters under pressure.** + +Have you ever seen a professional fighter under pressure on the ring? He may get several punches on the face and even be pushed to the corner, but due to his consistent training, proper nutrition and all the professional team on his side, he is able to stay tight, defend himself and overcome the pressure. + +The same logic applies to stocks. Companies with a long history of consistent profits are more likely to survive when crisis punches them on the face. They may see their profits reduce or even experience some losses (like Mastercard in 2008, as shown above), but their overall positive financial situation enables them to overcome the situation in the long run. + +One last warning: in most cases, prices will drop severely during a crisis, regardless of the financial situation of the company, but, just like a professional fighter, you need to stay tight for the long run. + +I can’t stress this enough: you gotta be tough! + +My honest advice for you to keep cool is this: practice any sport, stay with your family, do the things you enjoy the most. You don’t need hours in front of the screen, worrying about the stocks. Just like I said before, no investment should keep you awake at night or steal your precious time during the day. Go out and live your life. + +Look at these numbers of 2008-2009 crisis period, compared with the current situation: + +BlackRock: + +|year|net income (US$ millions)|year closing price| +|:-|:-|:-| +|2006|323|151.90| +|2007|993|216.80| +|**2008**|**784**|**134.15**| +|2009|875|232.20| +|(...)|(...)|(...)| +|**2018**|**4,305**|**392.82**| + + + +LRCX - Lam Research Corp + +|year|net income (US$ millions)|year closing price| +|:-|:-|:-| +|2007|686|43.23| +|**2008**|**439**|**21.28**| +|**2009**|**-302**|**39.21**| +|2010|347|51.78| +|(...)|(...)|(...)| +|**2019**|**2,191**|**292.40**| + + + +UnitedHealth Group + +|year|net income (US$ millions)|year closing price| +|:-|:-|:-| +|2007|4,654|58.20| +|**2008**|**2,977**|**26.60**| +|**2009**|**3,822**|**30.48**| +|2010|4,634|36.11| +|(...)|(...)|(...)| +|**2018**|**11,986**|**249.12**| + + + +As you can see, companies with consistent profits are more likely to handle the punches during crisis periods. + +&#x200B; + +**Summing up a smooth, stress-free stocks investment strategy****:** + +**1) focus on net income;** + +**2) diversification;** + +**3) keep cool on crisis.** +I have some big debts that could take up to 10 years to clear (based on current earning/spending). + +I don't go out drinking, eating or socialising. No Netflix or Spotify. + +But I do have a hobby that is quite expensive (about £100 a month subscription). + +I do it a few times a weeks (works out to about £9 a pop on average). + +Apart from my family, its my own real social contact with people. + +It's also good exercise so it checks that box too. + +Furthermore, it's also something my kids do as well, so its a shared interest we do bond over. + +I'm looking at my finances and trying to get things under control, and this outgoing is a big number on my spreadsheet. + +Can I justify it? + +How much fun money did you allow yourself when trying to get out of debt? + +Did you go full monk mode and never spend a penny, or did you allow yourself some slack? + +Thanks for any advice that's forthcoming. +https://www.wsj.com/articles/trump-wont-exclude-allies-from-tariffs-white-house-says-1520029135?mod=e2twp + +"“The president made clear these would be across-the-board tariffs with no exclusions,” the White House official told reporters. “One problem with exclusions is that it’s a slippery slope. Where do you stop?”" + +This can eliminate the idea that this would only target China. + + + +A while back, I sought treatment for depression and got medication. + +This week I have realized I am slightly less-poor because I am finally getting it treated. On the one hand, it should be obvious. But it is NOT obvious at all. I got treated because I just wanted to not feel like total garbage. + +Opened my bank acct online and checked the totals against when I started taking the medicine... and the increase in overall net worth is worth $17.13 \*per day\* for each day I have been on my medication. (Still plenty poor. Net worth still negative. But... less negative than before.) + +I think it's a lack of "anxiety taxes" (being anxious about something, causing me to buy stuff I didn't necessrily need), combined with being awake on time for the bus to work, combined with less anxiety, so I can interact with my customers productively for a longer part of my day. A lot of the increase is in sales bonusses, so I know it's a quality of work thing, and not a number-of-hours-worked thing. + +Still dont have a regular talk-therapist, but for now, this is ... better than things were before. + +So... if you're depressed, try getting any kind of treatment, because it will improve your bottom line either financially or mentally, but hopefully both. +I am halfway through an 18 hour shift, currently stationed in Turkey, its hot as fuck, idk why I’m here, I’m 2,000mg deep in caffeine, getting drunk as soon as I get off, getting off as soon as I get off, my wife is back home cheating, my daughter calls another man dad, *cracks knuckles* lets do this. + +Overview + + AMD is a global semiconductor company offering x86 microprocessors as standalone or integrated (CPU’s, GPU’s, server systems, Etc…) and intellectual property/ services. + +Products + + AMD’s primary products consist of CPU’s and GPU’s which are on par or out performing NVIDIA GPU’s and Intel’s CPU’s. While these other two giants have dominated the market for sometime, AMD’s recent move has evolved from a slow creep to a brisk jog. + +Competition + + AMD’s largest competitors are Intel (CPU’s) and NVIDIA (GPU’s). With the release of AMD’s Ryzen processors in 2017, AMD has been steadily over taking Intel’s dominance over market share. AMD’s current market share (over all CPU’s) currently sits at 44%, levels it has not seen since 2005. AMD took 20% of the market share in past 2 years with a significant jump in 2019. Since the release of Ryzen, AMD is now on par or out performing Intel chips and has gained a significant amount of sentiment over the soy boys at intel. AMD is on track to overtake the majority of CPU market share within the next year based on current projections. + + Now NVIDIA is a whole other beast who currently has a significant advantage over the dGPU market. Nvidia at the end of Q4 2020, held roughly 82% of the market share which was a increase of 9% from the previous year. AMD’s high end GPU’s do not come close to Nvidia’s high end models, UNTIL AMD’s Radeon 6000 series, which are now on par with Nvidia’s cards, either outperforming or underperforming in various tests. AMD catching up to Nvidia is the same move that AMD made against Intel in 2017, 4 years later they are on the verge of overtaking market share. While Nvidia is a monster of a company, I believe that AMD will begin taking more market share from Nvidia and establish a decent foothold over the next few years. AMD has already taken the game console market, console plebs. + + AMD has already proved they are able to take back significant market share with there current and future products, Lisa Su is a genius and I believe she’ll lead the company to Valhalla. What does AMD have that Nvidia does not? Aside from many differences, I think the fact that AMD has an ecosystem will play a significant role in catching up. Now that AMD can evenly compete with both of their rivals, AMD plans on leveraging the fact that they produce CPU’s and GPU’s. There are already incentives to using AMD’s CPU with their GPU rather than an AMD CPU with a Nvidia GPU. With AMD taking the CPU market, retail users will be more likely to stick with the ecosystem, and I’m a big fan of companies producing an ecosystem (laughs in apple). + + A new player enters the battle. Intel has been working on their own dGPU and will surely be releasing in the next few years, but I believe this will be comparable to Sony vs Microsoft with Nintendo enjoying their best life staring at butterfly’s, covered in drool in the corner lol. + +The Merger + + Nvidia set to acquire ARM, AMD set to acquire Xilinx. What are they and how are they expected to impact the company? + +ARM - Create and dominate the mobile processor market, covering TV’s, phones, tablets, and other similar products as well as some software applications. I will not be covering much more of ARM in this DD. + +Xilinx - Designs and develops programmable logic products. As far as I can tell this is some big brain shit that I’m sure some booger nosed, mothers basement living, neck beard having, nerd will easily explain in the comments cuz Wikipedia ain’t cutting it. + + If AMD completes the purchase, which is likely and expected to happen by the end of 2021, Xilinx shares will become worth 1.723 shares of AMD. AMD is currently trading at 86.10$, meaning that shares of Xilinx will be worth 148.35$ if the deal were to go through right now. Xilinx is currently worth 133.71$, I’m betting heavily that AMD will continue to pump prior to this deal as well. + + ARM will be huge for Nvidia, but this is running into some major road blocks and is likely some ways off or will fall through. + +Financials and projections (I had pictures but I’m reddit dumb) + +Net Revenue +$9.8B(2020), $6.7B(2019), $6.5B(2018), $5.2B(2017) +Net Incum +$2.5B(2020), $341M(2019), $337M(2018), $(33)M(2017) + + I like your growth G + + AMD decreased their debt to 338 million from 568 million. + + $1.6 billion in cash ($9 billion in total assets, I find cash on hand more important) + + GPU/CPU sales accounted for $6.5 billion while enterprise accounted for $3.3 billion, GPU/CPU sales saw a 37% increase over 2019 while enterprise saw a 65% increase in 2020. 2021 is set to continue this trend of growth. + + AMD has a high price target of $169.70, median $107.00, and an average of $103.92. I just read 100’s of pages of 8k’s and 10’ks, plus I’m super attracted to the ole doc Su Bae so I’m betting that it will get a target price upgrade, regardless $103 will make me rich. There is a lot more we could dive into on financials but idk what the fuck I’m doing so nah. + +Risks + + I like to plan for more than 1 risk occurring at a time so keep that in mind. Ive highlighted the risks that I find most impactful/ probable. Also keep in mind of global shortages for damn near every company, especially with chips. + + - Intel/ Nvidia’s market share dominance (mostly Nvidia) + - Seasonal sales can make for shit earnings in Q1/Q2 + - Reliance on third parties for manufacturing/ distributors + - Xilinx deal falls through + - Jim Cramer also likes this stock + + That’s enough risks, what am I, a gay bear? + +TLDR + +AMD will moon, Lisa Su is my mommy and is cooking up some tendies, AMD GPU’s are now in Teslas, obligatory rockets (insert rocket emojis here), lots of words just buy it. + +POS +150 shares @ 78.50 +Jan22 $100/$105C +Looking for entry into Xilinx cuz I dumb +Do any of yall know of or take part in any kind of volunteering to help teach people about money? + +Not trying to be a FI/RE missionary or anything remotely close to it, but as I get older, I’m realizing how many people have no idea what an IRA is or what the difference is between a stock and a fund. It would be nice to be able to help those interested in learning more + +Also if you know of a sub better suited for this, please let me know +Apologies if this is more of a relationships question than a fatfire one, but I didn't think it would be taken seriously on another subreddit. + +My parents have taken care of me for my entire life. They paid for everything when I was younger, supported me through college and paid my tuition so I was able to attend an expensive university and graduate without debt. Then they let me live home rent free for the first few years after graduating. I would consider them somewhere around upper middle class - making somewhere around $200k / year between the two of them. I've been fortunate enough to get in early at a very successful company, and am now making many times the combined annual income of my parents. + +Lately, with the economic hardship, things are getting tough for my parents. They're getting by ok, but I know they've had to delay their retirement by at least a few years, which is crushing for them as they are nearing their mid 60s and were so excited about quitting the rat race and enjoying retirement together. + +I have the money to help out, and I want to help out. I could easily help pay off their mortgage, or even just repay the money they spent on my tuition, which would go a long way towards getting them back on track for their retirement. But I also know that if I offered this my parents would immediately refuse and that it would wound their pride pretty deeply. I don't want to risk damaging my relationship with them or making it awkward, but it also hurts me to see them watch what could be the best years of their retirement passing by while I sit by and do nothing despite having the power to make things better for them. + +Any advice, or suggestions for a way to help out in a way they might accept? +Hey All.  Just want to throw out a quick thank you to this sub. I have learned so much and it has really helped me in my Financial Journey. + +I posted a couple of years ago with good feedback and I wanted to circle back around now that we are in a higher income bracket and with lifestyle creep, higher expenses! Update on our financials : + +Income 2020 - 750k, 2021 1.2M, 2022 forecasting 1.65M, next year forecasting 2M+. + +3M house Purchase in 2022 worth 3.5M (got a great deal as I'm in the RE game) 2.4M loan. + +550k in Retirement + +1.5M in cash across multiple accounts mostly checking and savings. I know I'm gonna get slaughtered for this one but I hold cash for RE deals and am looking actively for a commercial piece of property that I can accelerate the depreciation on this year to offset our taxable income. + +1M in commercial real estate, put 230k down 1.5 years ago, value add deal, cash flows 45k/year. + +100k in student loan debt @ 5.5%. To me this is cheap money, if I can go out and earn 20%+ on RE deals. + +Net worth is about 4M + +Our income continues to climb, and I foresee this maybe leveling out around the 2M mark, but also possible for it to increase to 3M+. + +Here is what we spend on a monthly basis + +Fixed Spending + +Mortgage PITI - $13,400 + +Umbrella Policy 5M - $95 + +Student Loans - $949 + +Car Insurance 3 Cars - $500 + +Comcast / Sonic / Hulu - $155 + +PG&E Home - $700 (charging 2 EV) + +Water Home - $100 + +Garbage Home - $74 + +Dog Walker - $448 + +Dog Insurance - $115 + +Nanny - $3,850 + +Gardener - $150 + +House Cleaner - $480 + +Preschool - $1,350 + +Car Payment 1 - $1,050 + +Car Payment 2 - $875 + +Total - **$24,291** + +&#x200B; + +Variable Spending + +Alcohol / Bars - $72 + +Gas / Auto - $52 + +Groceries - $1,423 + +Restaurants - $899 + +Delivery Food - $306 + +Health / Doctor - $445 + +Shopping - $2,302 + +Vacation - $1,000 + +House R&M - $1,955 + +Other - $1,544 + +Total Monthly Exp - $9,998 + +**Total Monthly Spend - $34,289** + +**Income** + +Monthly Income Average 2022 - $130k, Post tax $78,000 + +Total Monthly Expenses - $35,000 + +One Time Expenses - $15,000 (currently upgrading and furnishing our house) + +Total Cash Flow - $28,000 + +Savings Rate - 35.8% + +Savings Rate once Rehabbed and Furnished - 55% + +Wanted to see if any others have similar income / expenses? My wife is much more chill about finances and thinks that since we are making a lot of money we can spend a lot. For me, coming from a lower middle class background it's really hard to swallow a lot of these purchases. For instance, this year we bought two 75k cars, and recently we bought a 4k mattress and a 2k bed frame. This seems outrageous to me, but at the end of the day it's a drop in the bucket and the cars are write offs for the businesses. We don'y buy any expensive clothes or jewelry or anything like that. Am I out of my mind to be worrying about spending 75k furnishing our new house? Or spending $1500 on a coffee table? Our income is likely to keep increasing and I'm wondering if this is more of a psychological issue with me than an actual income / expense problem. When we are spending 35k / month plus another 10-20k on house upgrades it feels like we are being foolish, are we? + +Thanks, all! +Do we have any Australia-based members of this community, or people who have researched retirement in Australia? + +My wife and I visited a few years ago and really loved it. People were relaxed and friendly, big cities are beautiful and walkable. Public transport was pretty good, and housing prices are below the NY/SF/London level. And overall nice weather. Seems like a high quality of life at a reasonable price and a nice option for retirement. We live in Asia so there are a lot of direct flights (or there were pre-covid anyway) and the time difference is not huge. + +It looks like global warming may hit Melbourne quite hard. But Sydney and Brisbane are also options. What are the major downsides? And is it reasonably easy to get a visa as a foreigner with financial resources? +My wife and I just had our first child and opened a custodial account in her name. We put enough in that by the time she's 45 or so, she would have a very comfortable FatFIRE life. + +My question: for parents who have done the same, when did you inform your child that a significant amount of money would he theirs? Legally it will be hers at 18, did anyone hide that until kids were older? + +EDIT: Thank you all for the thoughts, it sounds like a trust should have been the move (and will be for additional children). I will work with an estate attorney on this, but is anyone able to share a quick line or two on converting an UTMA to a Trust? Possible or too late at this point? This is getting a bit far from FatFIRE, so happy to cut the conversation here if need be. +Ive had a few windfalls over the last 2-3 years which have put me into a fairly comfortable fatFIRE situation in my mid 30s. + +This is obviously great, but Im struggling to find my next business opportunity and feeling increasingly bored, lost and disheartened. + +A significant part of me would like to just retire and build a completely different type of life away from work or business. This said, I’m mentally struggling to pull the trigger and I’m not sure how I would fill the days if I do it. + +Does anyone have any thoughts or stories on how to get comfortable with early retirement and how to build a fulfilling life without work? I’m sure there are much more interesting and valuable ways to spend the days than working and chasing money if I could just work out what they are! +# [DRS AND VOTING MEGATHREAD](https://www.reddit.com/r/Superstonk/comments/ue6jm0/computershare_voting_megathreads/) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + + +We are down to the final 2. This poll will run for 24 hours and we should hopefully have the new banner up by market open if the artists can get source files to us in time. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +[Bracket 1 Winner](https://www.reddit.com/r/Superstonk/comments/uzpmjd/banner_contest_bracket_1_poll_dont_upvote_just/) is u/boltflower with the rplace graphic + +https://preview.redd.it/oi2bb0bw4m291.png?width=2750&format=png&auto=webp&s=191a1d1867cec1d0883703bccf7db5a4587f94d6 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +[Bracket 2 Winner](https://new.reddit.com/r/Superstonk/comments/uzpn58/banner_contest_bracket_2_poll_dont_upvote_just/) is u/FartinLutherKing with the Power to the Shareholders graphic + +https://preview.redd.it/to3zcwvh6m291.jpg?width=11050&format=pjpg&auto=webp&s=336d1f66a85d2f2bd9e3ce196e910c291c2b6c3d + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Please cast your vote below for the final decision + +[View Poll](https://www.reddit.com/poll/v105e4) +We have an approx 400k home loan with westpac at 5.44% variable, set to rise by 0.25% shortly. From what I can see online, this seems more than 1% higher than the market rate. + +New to this, but is it worth the hassle hunting a better rate once you include fees, transfer effort etc etc? Any helpful thoughts welcome! +There are plenty of conversations around savings, mortgage repayments as a percentage of income and whether redditors are in mortgage stress or not. What I don't see as much and am really interested is how much people typically spend on living. + +We're a modest family of 4 in Perth and spend $5500/m. It's easy for us to calculate as we use our CC for every single transaction and have divided total spend by the 12 months. No car payments, no mortgage. Just bills, food, gifts, weekend entertainment, schooling(government), sports and anything required to cover a family of 4 from one year to the next. + +Really interested to know what others spend on average per month across the year... +Something important but not mentioned on this subreddit is documentation of financial correspondences. So how do you store all your financial documents e.g. dividend statements, chess statements, quarterly statements, super statements? Do you get them sent and store them as hard copies or digitally? If digitally, how do you secure them? + +Just looking for some ideas to get things in order. +The Great Depression: A Diary. By Ledbetter and Roth. + +https://www.audible.com.au/pd/The-Great-Depression-Audiobook/B00FQIGX2U?source_code=M2MORSH051016002X&ipRedirectOverride=true&gclid=EAIaIQobChMIx-O_qrm19wIVk5VLBR191AeDEAQYAiABEgLqRPD_BwE&gclsrc=aw.ds + + +“This title offers a first-person diary account of living through the Great Depression, with haunting parallels to our own time.” + +I find it’s a voice that’s different from mainstream media and even this forum. Our situation is not the same, but it doesn’t harm to learn from the insights of history. +He heard I traded, and he came up to me asking for advice. Since he has a lot of capital, I told him he could sell options and make a good 3-5% a week. He looked at me like I had 4 eyes and said he didn’t want to do no bullshit that made him no money. He then went on to say he wants to be literally as aggressive as possible, and that’s he’s 100% completely okay with losing all of it. He also says if I make it big, he’ll give me 20% of the profits (while assuming none of the loss of I fail) + +Long story short, I’m YOLOing half AAPL monthlies, half ARKK monthlies on Tuesday. Averaging down with weeklies on Friday. Wish me luck boys +UPDATE: I received a copy of the report from the screening company. I was rejected because the rent used in the check was higher than what I was quoted for (by over $100). That made me (just barely) fail the income-to-rent ratio requirement. Hopefully it will be an easy fix. + +I applied for an apartment (a large, corporate-owned multifamily complex) last week and today received an “adverse action notice” from a third-party screening company stating that my rental application was not accepted due to information found in a “Consumer Report or Investigative Consumer Report prepared by a consumer-reporting agency.” It says that the agency cannot provide me with specific reasons why the application was not accepted. + +I was shocked. I meet the income requirement, earning over 3x the rent in salary. My credit score hovers in the upper 700s/lower 800s, my only debt is my auto loan, I’ve never missed a rent or any other bill payment, I’ve lived at the same apartment for 6 years, I’ve been at my current job for 3 years – on paper, I’m not sure what else I could do to look like a more perfect tenant. I requested a copy of my credit report and saw no red flags. + +There are still several of the same-size units available at this complex, so I can’t imagine that I was beat out by someone else. + +I’ve sent an email to the leasing office but haven’t heard back yet. I’m sure they don’t owe me reason, but I’m really dumbfounded. I’ve already turned in my 60-day notice at my current apartment (I’m moving within the same city to be closer to work), so I only have until the end of January to find a new place, and this was at the top of my list. The other complex I’m looking at is owned by the same company, and the rent is a little higher there, so I don’t want to pay another $500+ in application fees if I’m just going to be rejected there as well. Even the backups I’m looking at fall in the same range, so I’m hesitant to keep paying for applications if I’m going to get turned down again. + +Any advice? I guess I was being too confident and naïve, but I really didn’t anticipate this happening. + +EDIT: The application fee itself was $50 and part of the combined $525 “reservation” fee, which includes: +- $50 application fee +- $275 administration fee (refundable for 72 hours) +- $200 security deposit (refundable for 72 hours) + +Unfortunately, 72-hour mark has since passed. + Hi all + +I've created a new community to discuss all things degree apprenticeship related. I'm looking to offer help with applications, general career advice, and provide my experience of a degree apprenticeship. + +I thought it might be useful for members of this [r/UKPersonalFinance](https://www.reddit.com/r/UKPersonalFinance/) as you earn a salary and do not pay tuition fees. + +Link to the first post here: [https://www.reddit.com/r/degreeapprenticeships/comments/m6wrx9/the\_purpose\_of\_rdegreeapprenticeships/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/degreeapprenticeships/comments/m6wrx9/the_purpose_of_rdegreeapprenticeships/?utm_source=share&utm_medium=web2x&context=3) + +Any questions, post in [r/degreeapprenticeships](https://www.reddit.com/r/degreeapprenticeships/), and I'll get back to you. +I'll be honest...these inevitable posts about Apes acting like jackasses pisses me off. I was at last year's shareholder's meeting and the vibe was great. It wasn't full of embarrassing moments or humiliation. It was filled with respectful apes that came to hear info about and support a company we love. Sure there were some forum sliding people that purposely misinterpreted situations and flat out lied to make it seem like it was some orgy of stupidity. + +In reality it was quite the opposite. The mod area across the street was kinda dumb but everyone was respectful and nice...as were everyone from corporate. They were happy to see us as much as we were happy to be there. Apes handled it beautifully. + +Any "partying" or whatever was done after when we all went to this bar and grill that was rented out. That's were I also happened to meet the love of my life there where we are now living together and couldn't be happier. + +I wasn't going to go again but seeing these shitty post trying to paint us in a bad light or that we can't be adults made me want to go again...so I am. + +Since we are individual investors then why are you worried about a group of other individuals misrepresenting you? +If you wanna go to the shareholder's meeting then go. It's a great time and you will be surrounded by great people...JUST LIKE LAST YEAR. + +Buy if you can. DRS. Hodl. Dance if you want. + +We're going mooning and hedges r fuk!! +Hi all, + +Just wanted to make this post to say thanks after a (kind of) long 2 years of saving. I was previously £5500 in credit card debt but I have now finally become absolutely debt free (excluding my student loan) and have now got a 3-month emergency fund! + +It might not be much but for a guy who has never had a concept of savings in his entire life and has been very bad with money it's such a huge thing for me. + +I wouldn't have been able to do this without the help of this sub and the flowchart, so thank you to all! + +I am now starting my savings for my first house so watch this space! +Newbie here - I’d like to buy an options contract for $145 strike price. I’m buying to open correct? If stock goes to $145, I get the difference between the price and $145 correct? +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. + +Apologies if this belongs in Noob thread. Mods please let me know if I need to repost there. + +Totally new at options and I am in the learning stage. I've bought one cheap $3 Ford Call just out of curiosity to see how the transaction worked on RH. + +As I have been reading it occurs to me that that the real money (read consistent profit) is writing options. Obviously more capital is required to play that game. Specifically selling puts seems particularly lucrative. If I write a put, I collect the premium and if it remains OTM at expiration I have no obligation to buy. If ITM at expiration I buy and now I own 100 shares of that company. I could then turn around and write a call option on that same stock at a price that exceeds my cost basis and collect premiums until it is ITM. I then sell for a profit. Rinse and repeat. + +I feel like I am missing something. What is the biggest risk? Seems like you need significant capital to make it lucrative. So may not be worth tying up small amounts of capital for such small returns. +I don't excited for VIX. Not anymore. It seems to matter little to GME. It used to, but as we know crime and fuckery etc etc. What does matter is the rest of the market and to me, that will be the catalyst for the MOASS. Not DRS, not a Loopring based announcement. I believe this becasue they can still control the narrative when GME is the only thing they need to worry about. However when the market crashes it will be impossible for those already fucked by GME to control it. + +I have personally always likened our situation to the Big Short. In that instance shorting the MBS market was the only hedge against the market crash. GME is the Big Long. The only hedge against the coming crash. + +This is just my opinion based on what I feel and how I read this entire saga. That being said... + +Go and have a look at the calls for VIX in December. + +There are currently 108,000 options expiring at a 60, yes 60 dollar strike for VIX week ending 22nd December. + + +#108,000 at 60!!! + + +The current raise in VIX yesterday implies the next few weeks will be extremely volatile. + +However, this could just be the big sell offs that usually happen end of the year for tax reasons. + +Mid to late December could be the financial armageddon we've been expecting. + +Edit 2: FYI same date same price was only 14k options on Thursday + +Edit 3: last time VIX was at 60 was Oct 1st. 2008 according to yahoo finance charts. + +Link to comment for PUT perspective + +https://www.reddit.com/r/Superstonk/comments/r3diy1/guys_vix_is_implied_volatility_for_up_to_30_days/hma3ehz?utm_medium=android_app&utm_source=share&context=3 +I've read through their documentation and this looks like some kind of locked down 401k alternate. I'm concerned and confused and waiting on additional information from the benefits folks. + +Does anyone have any tips or guidance? + +From HR: + +&nbsp; + +Each year, the company’s 401(k) plan must be tested to ensure it does not discriminate in favor of “highly compensated” associates. To help our plan pass the discrimination test, *Our company* limits the contributions of salaried associates with annual base salary earnings of $100,000 or more to 3%. Because your base salary earnings for 2015 are projected to be $100,000 or more, you will be considered a highly compensated associate for 2016, and your 401(k) contributions will be limited to 3% beginning January 1, 2016. + +&nbsp; + +The Supplemental Smart Savings Plan (SSSP) was designed to allow highly compensated associates to save beyond the limits of the 401(k) plan. You are eligible to begin deferring to the SSSP beginning January 1, 2016. + +&nbsp; + +You can defer up to 15% of your 2016 base pay, quarterly bonus compensation, and 2016 annual bonus compensation (payable in 2017) during the open enrollment period, which will run from November 2 through November 18, 2015. The attached “Plan Highlights” brochure provides additional information about the SSSP. + +&nbsp; + +Update: +&nbsp; +Thank you all for your feedback and advice. +Hello /r/finance... long time redditor here and just discovered this subreddit at the perfect time! + +I'm 25 years old and currently working full time at a steady income IT job. Under my name, I have about 40k in my bank account. I pay about 1,300 a month of expenses (rent, utils, car loan, exc...) but the rest goes into my checking / savings. + +I need to know what to do with this money. I have ABSOLUTELY NO clue in regards stock trading and it's rather frustrating. To be fair, I've made little to no attempt at learning but now is the time. + +If you were in my position, what would you recommend doing with a good portion of that money? I don't foresee myself spending or needing a large chunk of it anytime soon. I've told myself I will not buy a house until I'm engaged or married. Besides paying off my car loan, it'll continue to sit until I take some imitation. + +So I'm looking for ANY recommendations... books, online articles, direct advice, meet with an adviser? +Edit: OPTIONS STRATEGY: + +INTC: BUY: Jan 19 2024 Call option at $50 strike costs about $7.5 per call + +For short term if INTC goes to around $56 the option will be worth around $11.7 (it was this price on october 21 , 2021) so you can sell early (before expiration), or for longer term strategy, just hang in there until INTC builds their new factories, releases their GPUs and CPU's, and potentially goes higher than $70. Others here have said they expect 2-5x depending on their execution of their objectives. + +The issue for large traders may be low liquidity for this strategy on leaps. For them , they may have to outright buy shares to lock in their buy price and then slowly transition those into leaps depending on liquidity. + +Insiders buy for one reason and sell for many reasons, so part of this strategy is relying on insider signals: + + +>https://www.barrons.com/articles/intel-stock-insiders-buy-51635285346 + +>Intel insiders, including CEO Pat Gelsinger, disclosed they bought a total of $2.5 million of stock of the chip giant on Monday. Some insiders made their first open-market purchases of stock, and others bought for the first time in years. + +>Intel (ticker: INTC) stock has been lagging behind the broader stock market with a 3% loss for the year to date. For comparison, the S&P 500 index has risen 22% so far in 2021. + + +>Intel CEO Gelsinger paid $500,000 for 10,000 shares, a per-share average price of $49.94. According to a form he filed with the Securities and Exchange Commission, Gelsinger now owns 219,750 shares. It’s Gelsinger’s first open-market purchase of Intel stock since he became CEO in February. + +>Director James J. Goetz led the buying, paying $1 million for 20,000 Intel shares, an average price per share of $49.76. A partner of venture-capital firm Sequoia Capital, and an Intel director since 2019, Goetz now owns 198,521 Intel shares. This is his first open-market purchase of Intel stock since November 2019 when he bought $5 million of shares. + +>Longtime director Frank Yeary paid $500,000 for 10,000 Intel shares, a per-share average price of $49.66. A managing member at private investment firm Darwin Capital Advisors LLC, Yeary made the purchase through a family trust that now owns 57,998 shares. Yeary also owns another 810 Intel shares in a personal account. This is Yeary’s first open-market purchase of Intel stock since October 2010 when he bought $290,000 of shares. + + +>Risa Lavizzo-Mourey made her first open-market buy of Intel stock, paying $250,000 for 5,000 shares, an average per share of $49.50. A Robert Wood Johnson Foundation Professor Emerita, University of Pennsylvania, Lavizzo-Mourey joined Intel’s board in March 2018. She now owns 12,079 Intel shares. + +>Former HP (HP) CEO Dion Weisler paid $250,000 for 5,015 Intel shares, a per-share average price of $49.85. Weisler, an Intel director since June 2020, now owns 11,952 shares. He bought Intel stock earlier this year, paying $250,000 in May for 4,464 shares, an average per-share price of $56. +**THE NEWEST OF NEW** + +**FIFAchain -** [**https://concourseq.io/Q/FIFAchain**](https://concourseq.io/Q/FIFAchain) The biggest red flag associated with the FIFAchain project may surprise you. The very ambitious team has decided to use the FIFA trademark without a license. This trademark violation likely will not be much of a problem because they also have decided to sell tokens for a pre-product platform to US residents without doing KYC. Going to prison for selling an unregistered security may not hamper the FIFAchain team too much, because THERE IS NO FIFACHAIN TEAM. If you are still considering a contribution to the FIFAchain project, there is 1 more red flag and 9 notes of caution to consider in the full DD. + +**BrokerNeko -** [**https://concourseq.io/Q/BrokerNeko**](https://concourseq.io/Q/BrokerNeko) BrokerNeko’s founders seem to be linked to a series of past failed projects, like “Tui Network” and “World Hotel Organization”. We don’t think that BrokerNeko will fare any better given 1) their twitter account suspension, 2) the team’s scarce online presence and 3) their Github page have been created the day before the ICO announcement. + +**You42 -** [**https://concourseq.io/Q/You42**](https://concourseq.io/Q/You42) You42 wants to shake up the social media landscape and convert social media stars to its platform. Since Feb 2017, they have accumulated 47 followers on twitter. We are not sure why the founders believe you42 makes a bit of sense. Even compared to the effort level typical of scam projects, you42 is an embarrassment. LinkedIn says the founder has been working on you42 for 11 years and 7 months. Huge, if true. + +[**EMINENT Token**](https://concourseq.io/Q/EMINENT%20Token%20-%20Fuel%20For%20The%20BeepBeep%20Nation%20App)\- [**https://concourseq.io/Q/EMINENT\_Token\_-\_Fuel\_For\_The\_BeepBeep\_Nation\_App**](https://concourseq.io/Q/EMINENT_Token_-_Fuel_For_The_BeepBeep_Nation_App) Eminent’s CEO is working on 5 other jobs, and heads a “passive income” company where you can “earn true passive income without having to lift a finger”. He is also the creator of other equally amazing ventures such as “Life Changing Concepts Sdn. Bhd” & “All Net Profits Center”. I think that we will rest our case here. + +**Subaj -** [**https://concourseq.io/Q/Subaj\_Global\%20Network**](https://concourseq.io/Q/Subaj_Global%20Network) Given its current state, Subaj Global Network will get anything but global it seems. In fact this project sets the bar so low that it had to be our featured DD for this week. If you want to know more just go through that link! + +**Some of TTT’s distinguished previous features that are still gearing up to raise money.** + +**SusCoin -** [**https://concourseq.io/Q/SusCoin**](https://concourseq.io/Q/SusCoin) SusCoin is not really shy at copying the Bitcoin Whitepaper. That move is so dumb, given how much the original bitcoin whitepaper is widespread that we were really trying hard to see if it was a joke. Aside from that, we don’t really know what’s worse between the fake team stock photos, the copied testimonials, or inciting people to use your token for tax evasion. This project is really surreal! + +**Railz -** [**https://concourseq.io/Q/Railz**](https://concourseq.io/Q/Railz) Besides the awful “z” used to pluralise the word Rail, none of the team members seem to be working on this project that would at best have merit as an EIP to Ethereum, without the need for an ICO or any independent chain. + +**Trilliant -** [**https://concourseq.io/Q/Trilliant**](https://concourseq.io/Q/Trilliant) With the Advent of digital cash, the world is moving on from paper money, but Trilliant seems to be clinging to the old ways and wants to distribute ATM’s around the world. That would have been fine (although not a great idea) if the team had not forgotten to start securing licenses to operate those ATM’s in different jurisdictions. + +**AutoBay -** [**https://concourseq.io/Q/AutoBay**](https://concourseq.io/Q/AutoBay) The AutoBay project does not even need a token to function, it could be easily replaced by ETH or BTC. The team seems like they’re not going all in on the project, with a lot of part-timers and a website hosted on WIX. + +**Goodwork -** [**https://concourseq.io/Q/Goodwork**](https://concourseq.io/Q/Goodwork) Goodwork has inconsistencies with numbers and roadmap dates which puts the actual start date of the project only 2 months ago! Only 52&#37; of the tokens are being sold to the public while team, advisors and insiders seem to be getting around 25&#37;. This results in a post ICO valuation of $114M for the project which is too high at such a stage of the project without even an MVP. + +**BitStash -** [**https://concourseq.io/Q/BitStash**](https://concourseq.io/Q/BitStash) A simple, generic template-based webstore that could be started with a few minutes finds it logical to ask for $21M in funding just because it is accepting crypto for payments. Just to think that the whole of the Ethereum Blockchain was launched with much less than that is really scary! + +The ConcourseQ team would like to thank everybody that helped on these DDs and all the others! + +If you want to join our community, meet us on our Discord: + +[https://discord.gg/YuWfcnY](https://discord.gg/YuWfcnY) +On feb 26th, six big fat chunks were sent to the following address: http://etherscan.io/address/0xa2942dc76c4085295b7a6064a1cfa4d93c18d9bb. + +Its evidently linked to poloniex cold wallet http://etherscan.io/address/0x32be343b94f860124dc4fee278fdcbd38c102d88 as the most transactions can be seen moving back and forth across these two addresses. + +The sender addresses: + +http://etherscan.io/address/0x45e68db94c7d0ab7ac41857a71d67147870f4e71 ----> 400,000 ETH +http://etherscan.io/address/0x3a72d635aadeee4382349db98a1813a4cfeb3df1 ----> 200,000 ETH +http://etherscan.io/address/0xff49a775814ec00051a795a875de24592ea400d4 ----> 200,000 ETH +http://etherscan.io/address/0xe33ff987541dde5cdee0a8a96dcc3f33c3f24cc2 ----> 200,000 ETH +http://etherscan.io/address/0xd1682c2159018dc3d07f08240a8c606daf65f8e1 ----> 200,000 ETH +http://etherscan.io/address/0x821d798af19989c3ae5b84a7a7283cd7fda1fabe ----> 20,000 ETH + +Nothing has been touched for 7 months because all of them have been in waiting mode for 211 days. Since all six chunks were transacted almost simultaneously and given that http://etherscan.io/address/0x45e68db94c7d0ab7ac41857a71d67147870f4e71 and http://etherscan.io/address/0xff49a775814ec00051a795a875de24592ea400d4 were linked to http://etherscan.io/address/0x821d798af19989c3ae5b84a7a7283cd7fda1fabe I conclude that all of them belong to one person. +Here's a couple of points (5 of them tbh) why I would argue putting your money in an uncapped or high market-capped ICOs is not going to give you returns you expect and can eventually kill a project and leave you losing out on your initial investment. Of course, there are always exceptions and other input that influences investment decisions but this post is only about general logic of tokensale strategy: + +1. It's hard to grow from high up. It's pretty straight forward, this one - projects starting from a lower valuation have much more space to grow. With delivering on milestones, gaining traction with the product and have their token being used for the designed purpose, the price should appreciate and market cap should grow in correlation. On the flip side, large valuations have a much more difficult task to show why higher market cap is indeed deserved to support the growth, especially if you pair it against a smaller valuation (e.g. making 10X for investors by growing from 40m to 400m market cap is more likely than 400m to 4b). + +2. Efficient fund placement. Projects getting insane amount of proceeds will have a hard time spending it efficiently. In vast majority of cases (if not all), having a 10year runway is unnecessary and terribly inefficient way to place funds. It seems teams don't realise it's hard to spend money in a smart way, especially large sums, if you have nothing but a concept or barely functioning MVP. As an investor, I would be more comfortable team having max 2-year runway to deliver on their promises, show fast growth in adoption, and then look for additional funding if necessary. + +3. Hype will be hard to sustain over time. Large valuations and initial fundraising traction are quick to create FOMO and attract even more investors. Following that crowd impulse might be a bad idea, though. Bigger investors are usually given better deals than you and, most importantly, FOMO hype will be super-difficult to sustain once the tokensale has finished. This is when results will start to count to support further growth. Without a working product, high valuations will be hard to sustain and can even start to revert at that point, making a correction to the over-pumped tokensale price. + +4. You want to keep some room for the future. Thing is, some ICO holders are releasing all or at least a great deal of tokens in the first offering. While sometimes this might be OK (if it's a single-purpose ICO), lots of time it is not. From investor's point of view, I would see it as more responsible if a company goes for several smaller rounds corresponding to the phase of development they are in. Trying to pull as much as possible from currently bullish market will inevitably limit the growth potential down the line as they will run out of tokens to stage next rounds or will force an additional issuing which means your investment will be diluted. + +5. Just putting it here so there are 5 points and not 4. ;) + +Did I miss anything important? + +English Premier League soccer team **West Ham United** turns to blockchain to launch its own token. The “fan token,” powered by Socios.com will allow West Ham’s **40 million supporters** to vote on club decisions and gain access to exclusive rewards. The fan token initiative has already been adopted by Juventus and Paris St. Germaine and comes during a wave of mainstream blockchain adoption. + +[https://www.ccn.com/crypto-english-soccer-club-west-ham-blockchain-token](https://www.ccn.com/crypto-english-soccer-club-west-ham-blockchain-token) +Here's a couple of points (5 of them tbh) why I would argue putting your money in an uncapped or high market-capped ICOs is not going to give you returns you expect and can eventually kill a project and leave you losing out on your initial investment. Of course, there are always exceptions and other input that influences investment decisions but this post is only about general logic of tokensale strategy: + +1. It's hard to grow from high up. It's pretty straight forward, this one - projects starting from a lower valuation have much more space to grow. With delivering on milestones, gaining traction with the product and have their token being used for the designed purpose, the price should appreciate and market cap should grow in correlation. On the flip side, large valuations have a much more difficult task to show why higher market cap is indeed deserved to support the growth, especially if you pair it against a smaller valuation (e.g. making 10X for investors by growing from 40m to 400m market cap is more likely than 400m to 4b). + +2. Efficient fund placement. Projects getting insane amount of proceeds will have a hard time spending it efficiently. In vast majority of cases (if not all), having a 10year runway is unnecessary and terribly inefficient way to place funds. It seems teams don't realise it's hard to spend money in a smart way, especially large sums, if you have nothing but a concept or barely functioning MVP. As an investor, I would be more comfortable team having max 2-year runway to deliver on their promises, show fast growth in adoption, and then look for additional funding if necessary. + +3. Hype will be hard to sustain over time. Large valuations and initial fundraising traction are quick to create FOMO and attract even more investors. Following that crowd impulse might be a bad idea, though. Bigger investors are usually given better deals than you and, most importantly, FOMO hype will be super-difficult to sustain once the tokensale has finished. This is when results will start to count to support further growth. Without a working product, high valuations will be hard to sustain and can even start to revert at that point, making a correction to the over-pumped tokensale price. + +4. You want to keep some room for the future. Thing is, some ICO holders are releasing all or at least a great deal of tokens in the first offering. While sometimes this might be OK (if it's a single-purpose ICO), lots of time it is not. From investor's point of view, I would see it as more responsible if a company goes for several smaller rounds corresponding to the phase of development they are in. Trying to pull as much as possible from currently bullish market will inevitably limit the growth potential down the line as they will run out of tokens to stage next rounds or will force an additional issuing which means your investment will be diluted. + +5. Just putting it here so there are 5 points and not 4. ;) + +Did I miss anything important? + +Blackrock and Citadel borrowed 100K BTC from Gemini (it appears in their loan book). They swapped 25K of that BTC into UST; this was all done quietly in anticipation of the attack. + + + + +When the time was right, they called up Do Kwon at Terra Foundation and said they wanted to sell a lot of BTC for UST. As it was a large trade they told him they didn't want to move the market and asked if he would like to buy their large block of BTC at a discount for UST. Do Kwan took the bait. He gave them a huge chunk of UST, thus lowering the UST liquidity significantly. At that point, Blackrock/Citadel dumped all of the BTC and UST causing massive slippage and triggering a cascade of forced selling in both assets. The real problem was Blackrock/Citadel knew that Anchor, which holds a lot of LUNA, was a Ponzi scheme (they offer 20% staking APY for Christsake) and this crash would trigger more withdrawals than Anchor can repay. These forced withdrawals and selling would trigger a massive selloff in Luna, thus further breaking the $1 peg and wrecking the market further. + + + +Blackrock and Citadel can now buy the BTC back cheaply to repay the loan and pocket the difference. Meanwhile, billions of longs and Bitcoin VaR were wiped out. + +How did you make out? + + +Are you buying this manufactured dip? + +This was pure market manipulation. +If we can break 443 at open tomorrow (or futures) i believe we see a bull trap run to 453. it would still put us in this downward channel. +https://i.imgur.com/wLAWzYp.jpeg +https://i.imgur.com/JJMbwcm.jpeg +https://i.imgur.com/RT9Uaxg.jpeg +https://i.imgur.com/fnrkHb3.jpeg + +The RSI and MACD both on 30 minute looks primed for a pop and the daily RSI is 26... i also strongly believe with how negative and bearish everyone turned on friday a bull trap run to 453 would be the perfect trap. + +i bought a 1/28 439C end of day and will be holding it till we test 443. despite what im holding i really do think we see a run. 4 red candles on spy is unheard of a 5th would be hard to believe. if we get a red day tomorrow though ill be looking for green Tuesday. + +If you look at the blue dottted lines on daily and 30 min there are clearly downward channels im watching. https://i.imgur.com/fnrkHb3.jpeg +This chart right here shows it the best and why i believe that 450-453 could happen. That would give us a 3rd touch/ rejection of that resistance line. + +Just remember guys... this will not go straight to whatever level it wants to stop at and it will not go straight back to 480 either. It has to bounce, rest and reset the indicators. Plus the market makers will be looking for an opportunity to burnt put holders. A lot of people... even the most bearish... have bought heavy into puts. What a better time but now to flip the script. + +Remember... futures dont matter until about 4am and really nothing matters till 930am. +So this is an update from my last post. I decided to go get a free exam at Coast Dental and the dentist says that I have 7 bad teeth, which I had a feeling what most of them were. But they gave my a referral that it's 10 grand, for fillings and crowns. Not only that, but they said that I have stage 4-5 gums despite brushing my gums. By this point, I just feel like giving up. I'll never get my teeth fixed. I had a GoFundMe page, but only had one donation and that's it. My parents made my life bad in the 2010s as my mom wanted to run away from my dad and never got any attention to keep my teeth maintained. I only make about less than 10 grand per year, My grandfather can't drive as far as he used to and fear that the dental colleges will reject me and won't fix my teeth. I feel like there's no hope for me. I might as well die as I feel like everybody hates me no matter what you think of me as I can't get any help. :( +My old employer refuses to send off my final check, the managers have blocked my number and they won’t answer the phone when I call. For context I’m a college student and I was working a part time job off campus i let them know during the week of April 10th that May 1st would be my final day as it would mark the start of finals week and also would be the time I’d have to go back home over the summer (3hrs away) I would be leaving for home May 3rd and the payday wouldn’t be until May 9th I let them know that it would be difficult for me to return to pick up my final check because I lack transportation and they’ve constantly refused to mail it. Is there anything I could possibly do to receive my check? Does the Department of Labor help with these kind of issues. I live in Georgia btw +Like the whole world is stacked against us. I moved halfway across the country to work a job and save up some money for college starting this month and they hardly give me any hours. I can hardly pay for the place I'm living and at this point I literally can't afford food or anything else. + +It just sucks being like this when you did everything right. Good to know I have a whole adulthood to know at any point I could be messed up financially. + +&#x200B; + +And that's my rant, have a good day! +Hey all + +(Throwaway as I don't want personal details attached to my main account) + +As a recent grad (graduated in 2017), I've always been warned about switching jobs and companies too often at the risk of being looked as a job-hopper by potential employers. However, purely looking at things through a financial perspective, I have made large gains in salary and benefits by switching often and anytime a better offer has been presented. A timeline of of job history is below: + +* April 2017 - April 2018 (Company A): $63,000/year +* April 2018 - May 2019 (Company A): $66,700/year +* May 2019 - June 2020 (Company B): $82,500/year +* June 2020 - June 2021 (Company C): $105,000/year +* June 2021 (recently joined Company D): $166,000/year + +I'm not sure if I've just gotten lucky with the companies that I've interviewed with, but Companies B, C, and D never went in-depth on the reasons why I'm leaving or why I had only stayed for a short time. Apart from the standard question of what I'm looking for in my next role, no company I've interviewed with has given any negative impression of such short tenures. + +Unless I really, really like Company D such that I have no incentive to look anywhere else, I will probably be following the same M.O. and begin to start interviewing elsewhere in about a year's time just to see if another 30-50% salary increase is out there. I am by no means recommending the same for others, but just presenting anecdotal data to showcase what *can* happen by switching often. + +Happy to answer any questions others may have! + Due to longstanding requests from vocal members of this community, we will be testing: reserving the weekdays for specific content, while having the weekends operate with the broader range of posts we have been allowing up until this point. + + +**Weekday Content:** Content on weekdays will be restricted to posts that directly fit the name of the sub, namely, povertyfinance advice, suggestions, recommendations, and practical or moral support. This means that welcome content can include tips, tricks, asking questions, venting frustrations, or posting detailed descriptions of the circumstances leading to a personal success. + + +**Content that would be better suited for the weekends** would be success screen caps, photos of food bank hauls, links, most photos or pictures in general, ref's to services, and basically anything that doesn't offer immediate, practical advice to other users. + +**How this will be implemented:** +We want to ease into this so that the community is not shocked by the changes. + + +**Dec 1 to 15** \- We will not remove posts, but we will sticky notes to posts made on weekdays that do not fit this mold, to let people know that in the next phase some posts like these will be removed if not posted on weekends. During this time, PLEASE respond to the stickies in these threads with whether or not you agree with the new policy. + + +**Dec 15 to Jan 1** \- We will begin removing "weekend threads" that were posted during the week, but will be making exceptions for threads that took off before receiving mod attention, have good discussions prompted, or are a "grey area".January - We will strictly enforce the policy, locking and/or removing "weekend threads" that were posted during the week. + + +**Last week of January** \- We mods will internally discuss how we feel these changes have affected the sub, and if we see a tangible, largely positive change to the sub we will permanently adopt the new rules. During this time, we will also sticky a new thread inviting additional community input on the matter. + +&#x200B; + +In the event that there is no real change seen in the sub, that there are mixed or negative changes, or that there is significant opposition to the changes from the community, we will look into new ways to try and focus the sub or abandon the new policies outright. + +&#x200B; + +\*This will be a learning process for us mods as we hone in on what content fits the bill. Mistakes and inconsistencies are be a part of the process, so please be patient with us as we slog it out. *Importantly, community feedback is very much requested!!* We will try to keep the public in the loop as much as possible, but if you feel we are removing valuable content, or not pruning enough, please let us know in specific detail. + +Thank you in advance. Thank you so much for your patience and involvement in this process, and please give us as much feedback, positive, negative, or otherwise as possible as we work through it! +One benefit of financial independence is that if you become sick or injured, you can focus on your health, rather than your work. + +My practice group had a meeting to discuss accommodating a reduced schedule / time off for one of our podiatrists, who is around 60 years of age, and has been practicing for around 30 years. Despite leading a healthy lifestyle (normal weight, regular exercise, reasonable diet, no tobacco or excessive alcohol use), he's had a treatable form of cancer and now is in heart failure which will require an implanted device and some rehab. + +I've known him for years, he doesn't live extravagantly, and I was surprised how tough this is going to be for him financially if he has to stop working completely. + +Good financial decisions he made: Got a doctorate, stayed in a stable practice situation, made an above average income for the profession. Participated in our defined benefit plan (sort of mandatory in our group). Drove modest cars (lately a Toyota Prius). Lived in a modest home, we are in a medium cost of living small metro area. Has excellent health benefits. + +Bad financial decisions he made: Got divorced after having 2 children (twins), ex got alimony, child support, and a chunk of his pension for years. Got remarried to a semi-retired woman with a couple of kids that freeloaded off them (co-signed loans for a home and cars which they wound up subsidizing). Took a loan against his pension to put one of his kids through art school and help the other one start a business that failed. Never bought own-occupation disability insurance. + +Today, he's not old enough to take his pension with incurring some stiff penalties, and he's not old enough for social security yet. The group is planning to take care of him, but I'm still surprised by his situation. I guess I'll be even more surprised if I find out other members of the group are in the same situation. + +edit: (to throw in a few more details). We are in a group practice, and the group plans to continue to cover his share of overhead and his income / salary. As far as whether he was happy at home in the 1st or 2nd marriage, I don't know. From talking things over with him, I think his retirement plan was to continue to practice until at least 65, take his pension, social security, and medicare, and keep up around the same lifestyle. + +Although I’m under 25 and get a good interest rate I’m not intending on staying with them. I’m happy to sacrifice the additional interest for a bank with a proper functioning app. I cannot fathom how shit and outdated their app is. + +Personally I’m debating between Xinja and 86400. I only use my CBA as my transaction account so UP bank is out of the question. + +Very interest to hear everyone’s thoughts on what banks their going to and why. + +I’m also in SA and we don’t have any BOQ branches so that’s another reason why I’m leaving. +Renos costing so much means 1 of two things: + +Option 1: House prices increase relative to reno/building costs + +Option 2: Demand drops and costs lower back to equilibrium + +The current scenario doesn’t add up.. the cost to buy an unrenovated house, renovate, then sell.. you would lose most of the time in todays scenario. + +What do you think will happen? +>The U.S. economy created far more jobs than expected in January even as raging COVID-19 infections disrupted activity at consumer-facing businesses, pointing to underlying strength in the labor market. +> +>The survey of establishments in the Labor Department's closely watched employment report on Friday showed nonfarm payrolls increased by 467,000 jobs last month. Data for December was revised higher to show 510,000 jobs created instead of the previously reported 199,000. +> +>Economists polled by Reuters had forecast 150,000 jobs added in January. Estimates ranged from a decrease of 400,000 to a gain of 385,000 jobs. +> +>The labor market resilience could alter expectations that economic growth would slow significantly in the first quarter after robust growth in the fourth quarter. Economists had been bracing for a disappointment as the government surveyed businesses for payrolls in mid-January, when Omicron infections were peaking. +> +> Data from the Census Bureau's Household Pulse Survey, published in mid-January, showed 8.8 million people reported not being at work because of coronavirus-related reasons between Dec. 29 and Jan. 10. Its survey of small businesses also showed an increase in establishments reporting large negative impacts from the pandemic between Jan 10 and Jan. 16. + + [U.S. job growth beats expectations in January; unemployment rate at 4.0% | Reuters](https://www.reuters.com/business/us-job-growth-beats-expectations-january-unemployment-rate-40-2022-02-04/) +Long story short my grandpa has lived in FL for a few years but his health has declined so much he needs help. I can't move down there due to work and all but we can bring him up here to NJ. My house is super small so we need to sell our house, sell his house (which is also hard due to his memory issues and all I feel it'll be rough) and buy a bigger house. Any tips or advice on how to make this process less stressful and quicker? Thanks everyone. + +Edit: I only expected a few replies, if any. I'm overwhelmed by the help and positive info given to me. I apologize not being able to respond to everyone but please know I'm reading everything and thank you all so much. +Seriously, MOASS has been around the corner for a while, and is now closer than ever. + +Many of us will have riches that we have never even dreamt of, and as everyone in their right mind knows: Money corrupts people. +In fact, many of those we‘re fighting probably started out as good people. Does that justify anything? Definitely not. But do you know for sure, that you won’t go down the same path? + +How about that: + +1. Don’t see it all as yours. Take what you need to fulfill your dreams, but try being philanthropic and actually contributing to a better world with the rest. + +2. Stick to your values, but be ready to revise them according to where your heart leads you. + +3. Be yourself, like, actually. An infinity pool doesn’t make you Kanye. Chill out. Just be the ape you are, and do the stuff you didn’t think was possible. + +PS: Most of our perceived differences were suggested to us by some very rich and powerful people, over the course of centuries, and chances are you‘re better than them. +Seems to be like this word is popping up a lot. What ways would you all set up your investments to be successful if the economy hits rough times in 2020? +Bloomberg has been covering this pretty extensively, but, strangely, there has been almost zero discussion on the topic on this sub (of all places). + +[Article](https://imgur.com/gallery/V87Rtv3) + +[Nickel spot prices L3Y](https://imgur.com/a/h7309SW) + +[Price history since 12/2021](https://imgur.com/a/mfVO2LO) +I was reading a post regarding shills trying to convince us that the floor is 1k or whatever the hell, and some apes were asking why they would even bother to try. Scoff scoff. That's when my smooth brain went 💡💡⚡⚡🤯🤯. + +Let's say for a second that's not a rhetorical question. + +Why would hedgies try to fool us, when they know apes are the most diamond handed vengeful bastards in the known universe? + +What if - hear me out now - what if it's not us they're trying to convince? + +If the hedgies (and SEC and DTCC and Feds) know 1. there's no way out of this for them and 2. apes are going to see them in hell before they sell (not a bad slogan tbh), then Plan B would be to make the squeeze the least catastrophic as possible BESIDES what they pay us. + +Maybe, just maybe, ~~Christmas means just a little bit more~~ they've resigned themselves to the fact that apes are without question going to make a fucking fuckton of money in the squeeze. Period. 🥳🥂 Then their next best strategy would be to convince as many agnostics as possible to paperhand at 1k, 5k, 10k. Not that GME is a religion OMG SHUT UP I CAN'T HEAR YOU LALALA. + +They won't give up trying to psych us out to the bitter end, of course, like the raptors pathetically trying to bite the T-rex before he rips them apart at the end of Jurassic Park, but when you see fud from now on, remember that it might be aimed at everybody BUT us - those who don't have balls of adamantium. + +In closing, your confirmation bias for today is that they know we can name our selling price, and now we know they know we can name our selling price, and once the interns read this they'll know we know they know. Wow, know doesn't even look like a real word anymore. + +Interns! We know you know we know. Blow your damn whistle before the carnage ensues! 🚀🚀🚀🚀🚀🚀🌕🌕🌕🌕🌕🌕 +&#x200B; + +[Waited 1 full month for my account to be old enough to post this.](https://preview.redd.it/ahsyz76dm3p61.png?width=1882&format=png&auto=webp&s=c5553fc7b0cab1d5c3ba49a0e39a3668a01da1c6) + +My fellow retards, I do believe that I have a talent in timing the top. + +\#reverseoracle anyone? +Welcome to the Monthly Skeptics Discussion thread. The goal of this thread is to promote critical discussion and challenge commonly promoted narratives through rigorous debate. It will be posted and stickied every Sunday. Due to the 2 post sticky limit, this thread will not be permanently stickied like the Daily Discussion thread. It may often be taken down to make room for important announcements or news. + + **To see the latest Daily Discussion Megathread, [click here](https://www.reddit.com/r/CryptoCurrency/search?q=title%3AMegathread+author%3ACryptoCurrencyMod&sort=new&t=all)** + + **To see the latest Weekly Support Discussion, [click here](https://www.reddit.com/r/CryptoCurrency/search?q=title%3A%22Weekly+Support%22+&restrict\_sr=on&sort=new&t=all)** + + + +*** + +**Rules:** + + * All [sub rules](https://www.reddit.com/r/CryptoCurrency/about/rules/) apply in this thread. + + * Discussion topics **must** be on topic, ie only related to critical discussion about cryptocurrency. Shilling or promotional top-level comments will be removed. For example, giving the current composition of your portfolio, asking for financial adivce, or stating you sold X coin for Y coin(shilling), will be removed. + + * Karma and age requirements are in effect here. + + + +*** + +**Guidelines:** + + * Share any uncertainties, shortcomings, concerns, etc you have about crypto related projects. + + * Refer topics such as price, gossip, events, etc to the [Daily Discussion Megathread](https://www.reddit.com/r/CryptoCurrency/search?q=title%3AMegathread+author%3ACryptoCurrencyMod&sort=new&t=all). + + * Please report promotional top-level comments or shilling. + + * Consider changing your comment sorting around to find more criticial discussion. Sorting by controversial might be a good choice. + + * Share links to any high-quality critical content posted in the past week. To help with this, try searching through the [*Critical Discussion* search listing](https://www.reddit.com/r/CryptoCurrency/search?q=flair%3ACritical-Discussion&restrict\_sr=on&sort=new&t=all). + + + +*** + +**Resources and Tools:** + + * Click the RES subscribe button below if you would like to be notified when comments are posted. + + * Consider participating in the monthly Pro & Con-test, formerly named the Pro & Con Contest. This contest will be stickied inside the Skeptics Discussion every month. Since it is a pilot project, the rules and format may change as the project evolves. See the offical contest thread for more details when it gets posted and stickied below. + + + +*** + + Thank you in advance for your participation. + + +If anyone follows the hedge fund space, you've probably heard about Bridgewater Associates. The firm has over 1000 employees and manages some $130+ billion in assets. Since inception, their main fund has returned around 14% per year with only one year of losses -- a remarkably stable track record that has made Ray Dalio, Bridgewater's founder turned chairman, into [somewhat of a legend](http://www.newyorker.com/reporting/2011/07/25/110725fa_fact_cassidy). + +I'm interested in their 'All-Weather' strategy, which has been detailed by a number of bloggers and financial journals over the years. It relies on a static mix of assets that is periodically re-balanced -- a [brief video & synopsis can be found here](http://www.bwater.com/home/research--press/the-all-weather-strategy.aspx). This apparently low turn-over strategy should be quite attractive to any investor sensitive about the [perils of active asset management](http://www.economist.com/news/finance-and-economics/21568741-hedge-funds-have-had-another-lousy-year-cap-disappointing-decade-going). Bridgewater's video shows the four [rising/falling growth/inflation environments and the assets expected to perform well in each environment](http://i.imgur.com/ptvBxYB.jpg). These ideas have been put to the test dozens of times, and it seems that [2012 was no exception](http://i.imgur.com/U2gofNk.jpg). + +What has perplexed me over the years is how this mix of assets manages to beat the market so consistently. One problem I've had with the usual ideas behind MPT is that one asset usually returns less, meaning that even if its inclusion in a portfolio reduces volatility, it reduces returns too! For instance,* investment-grade bonds usually negatively correlated with equities, but they also tend to yield less. Dalio's "risk-parity" model helps to deal with that by using leverage to increase the returns of low-yielding assets. In his view, increasing an asset's volatility as long as it is *negatively* correlated to other assets in the portfolio, reducing overall volatility. His insistence that he uses 8-10 uncorrelated asset streams raises the question: what sort of assets is he looking at?! [There are some clues](http://i.imgur.com/7dQtOl8.jpg), but the rest of us must do the heavy lifting. Generally, it seems like there's a mix of equities, nominal bonds, inflation-linked bonds, commodities, emerging market spreads, developed corporate spreads, and possible some currency holdings. + +Dalio seems to have constructed multi-factor beta regressions with linear residuals (errors) in order to model asset returns. Just like he said in the video, he uses inflation, growth, and some sort of cash return as his drivers of asset prices. Now the question: what does he use for inputs? GDP is calculated quarterly and inflation annually, but these graphs ( [1](http://i.imgur.com/0HdF1bM.jpg) & [2](http://i.imgur.com/wvzXAdv.jpg) ) show much more frequent input. How is this possible? Does anyone have any ideas for how these models would be constructed? + +---------------- + +EDIT: link was bad for one picture + + +EDIT 2: * Figured I'd clarify this point + +EDIT 3: I said 8-10 uncorrelated return streams, but according to an interview pointed about by [alphadoodledoo](http://www.reddit.com/r/investing/comments/1a30po/secrets_of_the_worlds_greatest_hedge_fund/c8tok1v0), it's [closer to 15](http://www.mebanefaber.com/2012/05/15/hedge-fund-interviews/). +What’s being debated is really a deflation-driven re-denomination, but there is lots of precedence for inflation-driven re-denominations: + +- New Franc (France), +- New Peso (Mexico), +- New Shekel (Israel), +- New Lira (Turkey), +- New Taiwan Dollar, +- Brazil’s many interesting new-denominations, +- probably many more I’m unfamiliar with. + +In a world where satoshis / sats are a useful pricing denomination, it would be clear from context whether denomination is “sats” (new) or “Bitcoin” (old) since there’s eight orders of magnitude difference. + +During times of transition (now) there is confusion, but trying to introduce a new named “currency” (since it has a symbol) will only increase that confusion. + +Also, I think it’s unclear whether the future “new Bitcoin” denomination should be sats vs bits/μBTC vs mBTC, and if either of the latter are the case, the sats denomination is all the more confusing. + +Another analogy would be stock splits. When a company does a e.g. 7:1 stock split, it doesn’t get a new symbol. + +My bias is that Bitcoin should be simple for new users and general public, and a new symbol for “sats” feels like a re-branding that dilutes mindshare and increases confusion. + +That’s why I think successful re-denominations and stock-splits are useful analogies. As are the perils of re-branding consumer products, with the opposite implication. + +Think the best counter-argument (to this unpopular opinion) is that the general public has lots of experience with fractional denominations, with the Latin-derived “cent” being the most common. But even here I think there is trouble because: + +1. While the general public is aware cents, in many countries there are fractional denominations which are only used by specialists and don’t have a symbol. For example in the US the lowest denomination established by law is the “mill” which is one-tenth of a cent and one-thousandth of a USD. Aren’t sats (especially now) more like these specialist denominations? + +2. In most countries, the general public does not use a symbol for “cent”, which is sometimes ¢, and instead just abbreviates the word (“25c.”) or uses a decimal in written contexts (“0.25”). + +For everyone passionate about adoption and use of sats, I think it makes more sense to just use “s.” (as an analogue to cents) when working with sats (adding BTC / ₿ if unclear whether you’re talking about Bitcoin), and as Bitcoin use transitions to a new base denomination (whether it is mBTC, bits, or sats), that can become “new Bitcoin” (consensus-driven re-denomination). + +EDIT: typos +TL;DR: I just received 2/3 of the split shares, but 1/3 are still missing. + +They just popped up in my portfolio without any logs and they did not inform me about it. + +----------------- + +IBKR and Computershare are still trying to deliver the missing shares for the split. + +It seems like they are desperately trying to find shares for the splividend. + +NOBODY fucking knows whats is happening and it's big fuckery going on right now. + +Just imagine this is how SHF are managing their books for their short position if they can just do this. + +My cost-basis is fucked up, I have no idea what is right and wrong and I have nothing for taxes to know where I have these shares from. + +-------------- + +**It feels like my 20 shares I received are made out of air and are not even real!** + +--------------- + +#WE NEED TO TRANSFER THE STOCK MARKET TO A BLOCKCHAIN ASAP SO THIS DOES NOT HAPPEN! + +-------------- + + +Previously what happend: + +> IBKR sold my shares that I transfered on July 15th + +> Thats why they did not receive a splividend on record date July 18th. + +> They appeared on July 20th on Computershare though. + +> Basically my 10 shares I transfered are still 10 shares instead of 40. + +> Edit: Even if I wanted to sell shares during that timeframe, they were not available on my account at IBKR anymore after July 15th and impossible FOR ME to sell these SHARES. + +Picture of the support response from IBKR: https://i.redd.it/lzz89lambyd91.png + + +OG Post: https://www.reddit.com/r/Superstonk/comments/w8qj82/this_could_be_big_ibkr_admitting_of_selling/ + + +So I am one of the apes who did not receive their additional shares after the split because of the DRS transfer. + + +--------------- + +Edit: + +**This is what IBKR said before:** + +IBKR: *"I have adressed with our senior clearing specialist and corporate actions specialist and they both confirmed that the information Computershare is providing to you about the split is incorrect."* + +ARE YOU FUCKING KIDDING ME??? + +How could you batantly lie to your clients about a crime in broad daylight with such a confidence??? +Started buying into the ETH hype around the 4100 mark. Went up to around 4700 and kept me buying more and more. My DCA is heavy at this point and all I see is red every day. I feel like I am the only person who came onto this trend at the worst time possible. Fml +First off, those of us who have been around awhile know the context: XRP is premined and hoarded by the founders. + XRP seems to be not only a private/permissioned technology, but also appears to be centralized in the sense that Ripple Labs owns and controls all of the consensus participating nodes. + +So I'm trying to figure out the mindset of XRP investors (and I know there are some here in this forum). Do they really think that the global banking system is just going to straight up adopt the example public Ripple XRP network as their new "Swift system" (as people keep claiming)? Here are some thoughts: + +- The current Swift system is private and controlled... you have to go to a bank who has access to the Swift system to use it. Not only that, Swift is used as a weapon against countries as the powers-that-be deny countries access at times for political reasons. It's about control, not efficiency. Do XRP investors really think that the banks are going to adopt the XRP system allow rando XRP holders to send transactions willy nilly through the new global banking system backend? Do they really believe that North Korea can just be buying up some XRP right now to participate in the new banking "Swift" system? That seems preposterous. + +- Claiming that XRP is the unit to trade between national currencies is to put XRP at the center of the global banking system as a central unit of account against which all national currencies would be measured. This is similar to saying it would be like a gold standard or replace the IMF Special Drawing Rights. That would give XRP and outlandishly important and valuable role in such a system. Do XRP token holders really think the global banking system is going to just say "Sure sounds good, no problem. Let's just abandon the Special Drawing Rights and and the Bank of International Settlements for XRP, some arbitrary, vestigal and unnecessary token owned and held by countless anonymous and unsophisticated investors and it shall now be worth trillions and trillions of dollars and usable as a first class citizen in the heart of the global bank system"? Just like that, bada bing bada boom. Not to mention making the hoarding Ripple Labs folks arbitrary trillionaires with great power in the world economy. + +- Ripple is open source. Why would the global banking system agree to reify the XRP token when they can simple fork the code and create their own system, perhaps with a privately held version of XRP, or a private digital version of the Special Drawing Rights for liquidity? What obligation do they have to Ripple Labs? What obligation does the global banking system have to accept the XRP token other than some sort of "they get a 30% discount from Ripple Labs" nonsense. Again, it's open source. Why do XRP token holders think that Ripple has some sort of leverage or check mate against the global banking system to force the use and approval of the XRP token? Do XRP token holders think that the larger the market cap of XRP that somehow the entire global banking system will feel sorry for it and consider it 'too big to fail' and accept it because feelings? Or could it be that the unnecessary XRP token has been bid up by unsophisticated investors who the global banking system will not hesitate to abandon when it comes time for them to implement their systems? + +I have no doubt that Ripple is a good and interesting private/permissioned blockchain-ish technology and that banks may very well use it, just like they may use lots of other private/permissioned technologies like EEA for example. This is not an argument against private DLT implementations. It's an argument against a private DLT implementation that appears to have a public cryptographic token of economic value superfluously attached to it and aggressively speculatively pumped. I'm just having a very hard time understanding what XRP token investors are thinking because it sure seems like it's nothing more than speculative bubble on an asset that doesn't really have a role in the future system that XRP token holders are describing/imagining. + +I welcome any comments telling me how I'm right or wrong. Please don't lambast me. + + +EDIT: Looks like this article came to a similar conclusion: + +https://www.forbes.com/sites/ksamani/2017/12/20/the-bear-case-for-xrp-bitcoin-futures-edition/#3004690214e6 +First I'll admit. I've been around the ethereum community for 18 months. I helped get etherex off the ground back then as well. I bought the presale and have been slowly accumulating since launch. I'm buying and holding for at least 10 years. + +The reality of the price is, it ALL depends on Homestead. BTC speculators were jumping in at a rapid pace as BTC was dipping and there were rumors of Homesteads imminent release. As those rumors faded a bit, came to the reality that it was still a couple weeks away, and BTC started to rise, that money went out, for now. + +So why am I thankful for that? Pretty simple really, it gives us a 3 week break for cheap prices. There will be a domino effect of launches and good news once Homestead goes live. This will include more exchanges who are waiting for a stable release to launch Ether trading. In doing that we will see more ability for people to directly trade USD/EUR for ETH as opposed to it being constantly pegged to BTC. This will add some independence to the currency. At the same time we will get improbably DApp launches from Augur and Slock.it. As they gain popularity and people wonder what they're all about, the ease of entry into ethereum will be much easier at that time, creating a steady market cap rise as popularity continues to grow. + +This price rise from $2.50 to $6.50 was too soon but it proves how fast this will move as it catches on. Take advantage of this dip over the next couple of weeks and strap in when Homestead is released. +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! + +Two of the coolest things happening on Ethereum that most people don't realise are Gas Station Network - allowing dApp creators to pay Gas so users don't even realise Ethereum is running in the background. And Ethereum Doman Service with human readable names replacing alphanumeric addresses. Be sure to check them both out if you haven't already! +[https://medium.com/coinmonks/eth-onboarding-solution-90607fb81380](https://medium.com/coinmonks/eth-onboarding-solution-90607fb81380?fbclid=IwAR2g9z-Us6xXCxdMA20Y5dEXaEcmUtxWr5e67ltnGyHrx2qX3F8_3Ei3UQE) +[https://ens.domains/](https://ens.domains/?fbclid=IwAR1BQWSicBviqY_gsc0c4T35YJp0J-KnAYe6bnm95myOV9zD9YqyGLbrc3M) +Hey everyone, you may have heard about WOLF on quickswap lately and I just wanted to invite you all to the telegram. We've got a super friendly and helpful community plus we're barely a week old and growing fast. Come say hi and see what the hype is about ❤️ [https://t.me/moonwolf\_io](https://t.me/moonwolf_io) or check out the official website! [https://moonwolf.io/](https://moonwolf.io/) +As many are aware, the infamous faketoshi scammer Craig Wright has been on a campaign to use harassment, intimidation, barratry, and fraud to attempt to steal some 1.1M coins that belong to Satoshi and others. + +In furtherance of this scheme his company just published code for directing the seizure of third party coins in the BSV blockchain. BSV is a scammy bitcoin knockoff that is proprietary software controlled exclusive by Wright and his agents. Users of BSV are only permitted to run the software he approves so they're able to foist their coin stealing code onto their users which would be impossible for legitimate cryptocurrencies. + +Because of this I believe any user of the BSV altcoin is in serious risk of exposure to network consensus instability or outright having their assets frozen or stolen out from under them. + +This would be of no direct relevance to Bitcoin users except some Bitcoin exchanges support BSV and so far whenever an exchange has gone insolvent they've pooled assets from all users in the bankruptcy. This means that if an exchange becomes insolvent due to Wright stealing or freezing BSV out from under it users Bitcoin balances may be used to make BSV customers whole. + +While it's never a good idea to leave Bitcoins you aren't actively trading on exchange I'd strongly recommend getting your funds off the following exchanges ASAP (non-exhaustive list): + +* Robinhood +* Bitfinex +* Bittrex +* Hitbtc +* Huobi Global +* Kucoin +* Bithumb +* Gate.io +* Poloniex +* CoinW +* Indoex +* OKX +* CoinDCX +* Pionex +* Upbit +* Bibox +* Bkex +* Yobit +* Deepcoin +* Mexo Exchange +* Wazirx +* CoinEx + +This shouldn't be news to these exchanges as it's been known for some time that this was coming: https://twitter.com/Arthur_van_Pelt/status/1577647343595315201 + +Here is the BSV official explainer video on their coin confiscation process: https://www.youtube.com/watch?v=s-thMjd7pKc + +Of course, since the BSV ecosystem has been engaging in non-stop harassment of Bitcoiners including multibillion dollar lawsuits against Bitcoin developers and non-BSV supporting exchanges it's probably prudent to not to business with exchanges still supporting this ecosystem to begin with, if you care about the value of your Bitcoins'. If an exchange will support this scam just to make a bit of extra money-- what else might they do? +https://www.cnbc.com/2019/09/20/pivotal-says-sell-roku-stock-cost-of-streaming-devices-to-zero.html + + +Pivotal Research Group sees Roku, an over-the-top (OTT) streaming device maker, stock falling 55% because it looks "overvalued despite the recent pullback." + +Roku shares dropped sharply on Wednesday after Comcast announced it would be giving free Xfinity Flex streaming boxes to its internet-only subscribers, a direct competitor to Roku's devices. + +"We see dramatically more competition emerging that will likely drive the cost of OTT devices to zero and put material pressure on advertising revenue," Pivotal says. +In short I predict Jerome Powell and the Fed are talking a tough game on inflation, but will soften later this year leading to a market rally. I also believe we will have a minor recession at worst. Putting this here to refer back to and see if I was on the money. + +# + +# > What Will Play Out This Year + +The Fed is jawboning markets down to cool inflation without having to actually jack interest rates up. This is because they can't for an extended period of time. The US government has too much debt to afford large repayments. Furthermore it will become difficult to complete treasury auctions when the fed is selling not buying. + +**The Fed doesn't want to kill stocks**, Powell loves the stock market. + +In practicality his purpose is to keep debt borrowing costs as low as possible for the US government. This Fed has constantly erred on the side of accommodative, they cut rates in 2019 when there was barely an excuse. They will jump on any excuse to drop rates and print print print. The only time they cannot is when inflation is so out of control it's pissing people off. They're not different people now, they just are talking different. + +**Powell faces 4 dragons right now:** + +1. Post-covid supply bottlenecks, +2. Elevated food/energy from Ukraine war +3. Supply bottlenecks from China lockdown +4. The inflationary echoes of the covid printing bender and stimulus + +Notice something? + +All 4 of those will resolve by themselves at some point. While we're not going to wind back the past inflation, we are on trajectory for it to come down. Last month on month reading was .3% or 3.7% annualized. Considering current events not bad. Many leading indicators I use are rolling over. + +Inflation will remain elevated for a couple years because the Fed is half heartedly tightening with negative real yields and minor balance sheet reduction. But in order for inflation to keep going up, prices have to keep going up from their current elevated levels. In the near future the 4 dragons will begin to die and this will only help. + +**Therefore later this year I expect a softening from the Fed** after a few good inflation prints. This will cause a rally in stocks, not breaking all time highs but higher then now. It doesn't mean we're going back to the 20/21 era, the fed will not be going crazy like that again for a long time. But it's going to look a lot rosier then now. + +This means **depression fears are also overblown**, the problem is valuation like the dot.com crash, not a liquidity crunch like 2008. We still have an extra $5t floating around on the feds balance sheet and negative real rates. Borrowing at 4% while inflation's at 9% is a good deal. We may have a technical recession given difficult short term economic events, but it will be mild and short lived. + +# + +# > How To Make Money + +**Big money is sitting in cash**, the money isn't gone and the cost of borrowing money is still below inflation - making margin loan expansion likely. This means at the first sign of clear skies later this year we're going to get a big rally as liquidity rushes back in. + +As predicted **Hypergrowth is oversold** and there's quality names trading at attractive prices. This is the worst time to buy inflation or recession hedges as they're already overbought. Trade the cascade as sectors collapse one by one, buy what has collapsed, don't sit in what will collapse. Don't overpay. + +As outlined in a past update, developed nations have no choice but to devalue their currency through persistently elevated inflation. Emerging markets really don't have our inflation problems for the most part since they didn't print. So **EM is about to have an era of outperformance** in stocks and bonds as it enjoys a greater share of global consumption. + +Calculating for inflation, real GDP growth and additional cash on the Fed balance sheet the **fair value for the S&P 500 is around 3800**. Anything below that is a steal considering I doubt we're going to have a major economic collapse. + +In bear markets correlations become 1. Meaning everything falls in unison by sector, regardless of which companies are actual stand outs. There's too much going on for accurate pricing. When investors panic every bad event that could happen is more then priced in. I always try and buy on panic. **Incredible mispricing's are being created right now, buy them**. + +So in short BUY GROWTH STOCKS. The good ones. + +# + +# > What Stocks I'm Buying + +* **Shopify ($SHOP)** \- Anything below $300 is a steal. Look at what it will be not what it is now. +* **Sartorius ($SRT.DE**) +* **JinkoSolar ($JKS)** \- Will double on a China rally. Not a huge fan of China so don't hold forever. +* **Austal** ($ASB.AX) +* **Emerging Market Local Currency Bond ETF** (**$EMLC)** +* **India ETF ($INDA)** +* **Indonesia ETF ($IDX)** +https://www.businessinsider.com/amazon-stores-threatened-by-cashless-trend-2019-3 + +Stores that do not accept cash are on the rise, from quick-service lunch spots to Amazon's Go stores. + +Not accepting cash can speed up lines and make life easier for card-carrying consumers. + +But a backlash has grown, as the cashless trend leaves out lower-income customers who may not have a bank account. + +Massachusetts and Philadelphia have already banned stores from rejecting cash as payment, and New York City and New Jersey are considering similar measures. + +This could affect the growth of Amazon's physical stores, which do not accept cash. +This came up once before on here, but it didn't really get a full discussion. It's a very interesting topic and I think it has a rare obvious upside for long investors. + +In August, it was [reported](http://blogs.wsj.com/moneybeat/2016/08/31/dow-chemicals-1-in-1000-stock-action-works-in-warren-buffetts-favor/) that a Yale professor had found pretty clear evidence that the price of $DOW was being manipulated. It would hit a ceiling multiple times, barely ever going above $53.72, despite hovering around there frequently. This is visually evident from this [six month](http://imgur.com/a/566bR) and [three month] (http://imgur.com/a/Q9gub) view. Here's a [histogram](http://online.wsj.com/media/dowhisto0831.jpg) of closing prices from 2014 to 2016. Pretty obvious manipulation right? That distribution should be closer to normal. + +Now, due to the Dupont merger talk, the price closed above the threshold 9 times. What's the significance of $53.72? Well back in 2009, Warren Buffett struck a deal with Dow for 3 bn to get preferred stock that happened to come with an 8.5% dividend. That yields a solid ~$225 m per annum for Warren. The deal has a buyback clause though. If the share price trades over ... you guessed it... $53.72 twenty times in a 30-day period, Dow gets its stock back and doesn't owe that 8.5% dividend anymore. So while Warren might have had some September jitters over the loss of his stake, 9 times wasn't enough to trigger the buyback. Phew. + +Some analysts say that Warren/BRK aren't exactly passive observers in all this. That they deliberately shorted the stock with enough capital that they drove down the price whenever it threatened to hit the threshold. It seems likely from the study done by the professor. It's not illegal, just shady. The agreement BRK signed prohibited them from shorting the stock until April 2014. Which just precedes the suspicious activity. Coincidence? It's a classic Buffett move - either he keeps his juicy dividend or is forced to sell at 53, having bought at 6. + +The conclusion for us should be somewhat evident: **go long on Dow**. Or buy puts (I don't trade options, so I'm not exactly sure of the mechanism here). If the price is being artificially suppressed, it stands to reason that it's undervalued and that its fundamentals will eventually win out. Buffett can't keep it up forever. + +Some discussion questions: + +* Does the Dupont merger completely overshadow the significance of this price suppression? +* Do you believe that Dow's price is being manipulated? +* If it is, is that immediate cause for a buy? +* Will it cease now due to the bedding in period of the merger? +* How best to exploit this? + +Disclosure: I don't have a stake in Dow, but I am strongly considering taking one. They pay a nice 3.4% dividend and have near-monopolistic control of their industry. Economies of scale are massive. I haven't fully investigated the implications of the merger yet though. Interested to hear your thoughts. + +Edit 2: I was totally wrong about a bunch of stuff, including Dow's market share and how to trade options. Still learning... +Hey guys, + +So I am a new college grad who just got hired on my second job out of college. I'm a multi-media grad and I work at a medium sized animation studio. + +I recently wrote software that did a job that all the entry level employees did by hand. It used to take 24 man-hours to complete one task. But after I wrote my software it only takes 4 man-hours. Saving the company potentially tens of thousands of dollars a year. This wasn't assigned to me, I simply did it because I knew how and didn't want to do the manual work. + +I was asked to "package it and send it off to the other branches of the company" today after I gave it to my fellow college graduates to speed their work. + +What I'm trying ask is, should I ask for a raise? I've only been there a month, but I make minimum wage and live basically pay-check to pay-check. It's stressful as I moved away from home, and a raise would help my situation. But I don't know what the office etiquette is here. + +I wasn't hired to write software nor does anyone at the company write software for them, they often contract out. So I don't know if I should be moved to a different title or something... + +EDIT: Wow this happened, + +Okay, so to answer some questions. Yes, it was written about 75-25 on company vs my time, but my contract does not state (specifically) that all work is work for hire. My old job was like that so I'll have to look into that. + +I still haven't said anything, but my boss today is moving me up the ladder without my asking. Not sure if that means a raise. But it's something. He told my direct supervisor to "find a replacement, cause I'm being bumped up." + +I wrote more of an automation that isn't too fancy, but it is stand alone. And I am just a hobbyist, this isn't my profession though there are worse things to be. + +Thank you everyone for the advice! But it looks like keeping cool and having a good boss (may yet) pay off. + +I'll update if anything else happens! + +P.S. Recession. +[https://www.cnbc.com/2020/07/16/bank-of-america-bac-earnings-q2-2020.html](https://www.cnbc.com/2020/07/16/bank-of-america-bac-earnings-q2-2020.html) + +# Bank of America shares drop as the firm sets aside another $4 billion for coronavirus-related loan losses + +>The bank said it generated earnings of $3.5 billion, or 37 cents a share, exceeding the 27 cents a share expected by analysts surveyed by Refinitiv. However, revenue of $22.5 billion barely edged out analysts’ estimate of $22 billion. Shares of the Charlotte, North Carolina-based bank dipped 3% in premarket trading.  +> +>Bank of America’s trading division helped offset the drag caused by the coronavirus pandemic, although the firm’s trading results were less eye-popping than rivals JPMorgan Chase and Goldman Sachs. The lender increased reserves for credit losses by $4 billion, and lower interest rates sapped interest income by 11%. +Hype and increasing prices will undoubtedly attract new investors, HODLers, and gamblers. Regardless of how long you've been in crypto, below are a few pieces of information (or reminders) you should consider. + + +1. **We're still early**. Cryptocurrency, including bitcoin, is still in its infancy. Because of this, we will continue to see headlines of hacks, exchange closures, big name investors coming into the space, major institutional adoption, and everything in between. Until crypto is regulated (for better or worse) and even after, there will be bad actors attempting to steal your cryptocurrencies. To that end, think twice when hearing about 'deals' or investments that seem too good to be true. They probably are. + +2. **Protection**. I often see questions regarding the storage of cryptocurrencies. Not to oversimplify, but as a user, you have \~3 choices to store your cryptocurrency. In order of most secure to least secure: + 1. **Cold Storage** \- From wikipedia: **Cold storage** refers to storing **Bitcoins/Cryptos** offline and spending without the private keys controlling them ever being online. This resists theft by hackers and malware, and is often a necessary security precaution especially dealing with large amounts of **Bitcoin.** +If you aren't comfortable manually storing your private key, physical hardware wallets are your best alternative. When possible, buy direct from the manufacturer to avoid any tampering to your new device. + 1. [https://trezor.io/](https://trezor.io/) + 2. [https://www.ledger.com/](https://www.ledger.com/) + 2. **Hot Wallets** \- From [investopedia](https://www.investopedia.com/terms/h/hot-wallet.asp): The difference between a hot wallet and a cold wallet is that hot wallets are connected to the internet, while cold wallets are not. +Hot wallets can be installed onto your mobile device and/or your web browser. Similar to cold storage, these hot wallets will 'store' your crypto and will be accessed to send/receive tokens, execute smart contracts, and conduct other transactions. There are many options to choose from, but MetaMask is as close to an industry standard as it comes, and the developer has recently implemented an ERC-20 token swap function. Again, download directly from the developer if you can. + 1. [https://metamask.io/](https://metamask.io/) + 3. **Exchanges** \- Exchanges certainly have their own purpose, most notably as an on and off ramp for your fiat currency (e.g., US Dollar, etc). However, when you read headlines like "Bitcoin Hacked for 10 million dollars!" what they usually mean is, a centralized exchange that holds users' cryptocurrencies was hacked and bitcoin was extracted from the exchange's storage. For this reason, exchanges are considered to be less safe than your Hot Wallet and Cold storage alternatives. + +3. **Don't be greedy**. This is easier said than done, and many veteran traders have learned this the hard way -- some still haven't learned. When prices are only going up, you're going to feel like a million bucks. **But things dont go up forever**. **Ever**. (Unless it's the Fed's balance sheet.. har har). Point being, it's okay to take profits along the way up. I guarantee you'll have an opportunity to re-buy those same tokens at a cheaper price, and you'll enjoy them even more the second time around. + +4. **Don't spend more than you can afford**. Hopefully this goes without saying, but the crypto space is extremely volatile. It is not uncommon to lose your entire investment with just one wrong token/ICO/scam. To that end; just use your common sense. It sounds easy, but when you're making money, sometimes it's hard to see the cliff at the end of the road. + +5. **Keep learning**. I joined the crypto space because I saw an opportunity to make money. It's been a wild ride, and I've learned a lot more than I've gained (from a monetary perspective). What i didn't expect to happen, was to open pandora's box when it comes to what Bitcoin (specifically) aimed to solve. My thirst for knowledge only expanded when I learned of the opportunity space Ethereum was trying to fill. Compound that with the immutability of blockchain technology, DeFi, smart contracts, data oracles, (and the list goes on); now I'm completely hooked. It's clear to me that blockchain will revolutionize the way we function on the global scale. But many are just now beginning to learn about bBitcoin, and we're ahead of the curve. Which leads me back to point number 1; we're still early. + + +Sorry for rambling on here; I'm sure more veteran HODLers have already X'd out of this post, which is fine. They likely don't need this information as they have learned these same tips along their own journeys. But for newcomers to the space, I wish I had this foundational knowledge from the get go. Don't be afraid to ask questions on this sub. With the recent implementation of MOON tokens (this is a whole 'nother topic), I've personally noticed more downvotes than normal. But awareness and understanding is critical to adoption, so don't be turned off if you don't get an answer to your questions immediately. There is a wealth of knowledge scattered across the internet, and still a lot of smart people on reddit who are willing to help. +What are the opinions of redditors on this subreddit on Coffee Can Investment? And would you suggest it as a good way of investing for a new investor? If not, what is the next best alternative? +I don't know how common this practice is, but lately I've experienced passive aggressive behaviour from my customer service rep at a reputed private bank. + +Here's how it goes: open account, full on cheer leading in the beginning, suggesting investment options and so on. At that time, I thought it really thoughtful of the CR rep to be taking personal interest in my investment decisions. A week later, the risk averse me, considering all options proposed to me by the rep, decide against the fancy bank initiated schemes and go old school and open an FD. + +From then on, numerous messages asking me why I don't consider ULIP, endowment policies and the works. So I tell the rep off that you've made your point and I've made my decision, please don't be pushy. A month later, same behavior resumes. I say no again, and this time the response is "Hope you understand. Apart from providing service, I have sales targets to meet" + +I feel bad for the rep cos it's a systemic problem: private banks incentivizing such predatory sales to boost their profits. Nonetheless, the irritation is real. I feel like shutting myself off from the rep completely. I mean, I am giving the bank business, by parking my cash there and opening FD. Why such predatory behavior? + +I suppose this holds true for most private banks. +Security : 100% + +Lockdown period : 5 years, compulsory + +Returns : monthly fixed income from PO or can be transferred to savings account directly or the returns can be further invested in RD + +Tax rebate under 80C : No + + +Thought of sharing this, as in the other thread it was said that it is time to invest in FD and with good interests. Popular opinion was that no one gives that high interest. + +I thought of sharing this one. What is your opinion guys? + +Edit : The general thoughts? +The Rs 4,500-crore IPO of Mindspace Business Parks REIT has been received very well by investors as the bidding ended July 29. + +The public issue has been subscribed 12.96 times, receiving bids for 87,78,24,600 units against an offer size of 6,77,46,400 units, data available on exchanges showed. + +The offer size has been reduced to Rs 1,856.26 crore as the K Raheja Corp and Blackstone Group-backed company has already garnered Rs 2,643.74 crore from strategic and anchor investors. + +Mindspace Business Parks REIT IPO subscribed 13 times on final day + + https://www.moneycontrol.com/news/business/ipo/mindspace-business-parks-reit-ipo-subscribed-13-times-on-final-day-5616731.html + +Thoughts? +I have approx 40% of my MF portfolio in one Fund House (Axis MF) but 3 different schemes. The funds are giving me good returns, but should I invest in some other fund houses? Am I missing something here? +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://indiainvestments.wiki/discord) and seek answers to your queries + +If you're looking for reviews on any of these following, follow the links: + +- [which bank or brokerage to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +- [which fund house is more capable and trustworthy](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +- [which investing platform to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), +- [which insurance company is reliable](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) + +Generally speaking, there is no best stock, or fund, or bank, or brokerage, or investment platform. + +Answers are always subjective to your personal needs, but use those threads a starting point for you to look at what other Redditors have to say about a company, product, fund, or service. + +You can then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is _I got 10k INR, what do I do to get most returns out of it?_, or anything similar; there is no single answer to this question. But we will also need A LOT MORE information if we are to provide some sort of answer: + +- How old are you? +- Are you employed/making income? +- How much? What are your objectives with this money? +- Do you have any loan, or big expense coming up? +- What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it's 100% safe?) +- What are you current holdings? (Do you already have exposure to specific funds and sectors? Have you invested in equity before?) +- Any other assets? House paid off? Cars? Partner pushing you to spend more? +- What is your time horizon? Do you need this money next month? Next 20yrs? +- Any big debts? +- Any other relevant financial information about you, that will be useful to give you an informed response. + +Beware that these answers are just opinions of fellow Redditors and should only be used as a starting point for your research. This is **NOT** financial advice, in legal sense of the term. + +You should strongly consider consulting a registered fee-only financial advisor before making any financial decisions. Ideally, such advisors should be registered with SEBI, and have a registration number. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1). +How do u guys manage. I have 2 bank accounts (both Pvt sector). I don't use one account Nd keep all my money in just one account. + +Am thinking of closing one and instead open another in a nationalized bank and spilt the savings between them. +I just got a new nursing job, and am talking with my department about my 401k plan I should be contributing to. With our families having not been the best financial role models, I am looking for right ways. From research, I know that company matching is an extra income and really want to get the benefit of 401k. But I have $45K student loan to pay back. + +**Questions** + +1. Is there a way that I can pay off debt and invest at the same time? If yes, how much should I contribute? + +2. What is the best way of choosing funds to maximize returns? I +look for moderately aggressive portfolio in order to compensate student loan interest. + +**Available Options** + +Here are the options that I can choose: https://hellomoney.co/portfolio/8bc5ae?ref=link Please have a overview of my available options, and give me any advice. + +**Personal Background** + +* My age: 23yo + +* Income: $70k per year / $4,170 per month + +* Account type: 401k + +* Company matching: 0.75% per 1% up to 8% + +* Debt: $43k at Student Loan at 4.5% (Paying off $2k per month) + +* Other savings or investments: $500 in Wells Fargo for an emergency + +Thank you so much for your insight. +I'm looking to get started with investing but I seem to be blocked from a lot of services due to my citizenship and residence combination. I'm a US citizen but I live in Germany. A lot of US based brokers require that you reside in the US in order to open an account with them, and while I do have a mailing address in the US I don't reside there. German based brokers often do not wish to deal with the overhead and tax implications of dealing with US citizens because of the US government's invasive reporting requirements. Fidelity, TD Ameritrade, Robinhood, and Trade Republic all seem to have problems. + +Has anyone here dealt with this problem before and have any tips on where to get started? I do have bank accounts in both countries but I'm not able to directly visit branches for either bank. + +Edit: I'm a student about to start my first job and can only invest a few thousands dollars at the moment. +I now probably almost everyone here has heard the tale of the guy who traded a large sum of btc for some pizza. I have heard the story many times as both a way to encourage hodling and as a reminder that hindsight is always 20/20. The thing is I had no idea that moment got inmortalized in a photo and I just now came across it. I have no idea where the guy is, how he feels about the incident or whether he even thinks about it at all. The picture, however, tells the story of 2 kids and a proud father who was able to buy them pizza on a saturday night (I bothered checking the day) I think it will give a lot of people here some perspective when they start blaming themselves for not buying more or for selling early. Here a guy, well not a guy but THE guy who made possibly one of the biggest (if not the biggest) mistakes in crypto history but he was happy at that time. He got to enjoy pizza. Anyway it eased my mind a little seeing this picture and thought I would share it with you all. + +Clarification: I am not saying he made mistake at all, I have no opinion but a lot of people usually use him as an example of a mistake + +&#x200B; + +https://preview.redd.it/bep7ee9wusz71.jpg?width=614&format=pjpg&auto=webp&s=ec700fa7eb9b082557f763b6edfc22aa0e3a1cc4 +Currently I am 100% into VGS using Selfwealth which has the 9.50$ flat fee and my current plan was to buy everytime i saved up 10k which would be every 4-5 months since I figured doing it more often would have a chunk of fees adding up overtime the more i deposited but I was thinking of instead of 10k decreasing it down to 5k since the potential returns from buying the vgs shares quicker would possibly make up for the fees that would add up from depositing more often. What do you guys think? and how often do you guys buy? +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! + +**Poll body will be**: + +&nbsp; + +The current weekly distribution of donuts is: + +* 77% to community members based on weekly comment and post karma +* 15% to the community fund +* 8% divided equally between mods + +Of donuts received through distributions half are "locked". Locked donuts are used to determine vote weight on r/ethtrader governance polls. Unlocked, transferable donuts, such as those allocated from the community fund or tipped between users do not increase the recipients vote weight. + +&nbsp; + +This is a proposal to change the distribution of donuts to: + +* 77% to community members based on weekly comment and post karma (unchanged) +* **23%** to the community fund +* **0%** to mods + +The increase in allocation to the community fund (8%) would then be redistributed equally between mods (8/23, or 34.78% of the weekly community fund allocation). Donuts awarded for moderator work would not increase moderator voting influence. + +&nbsp; + +**Options will be**: + +* Yes, change distribution from 77:15:8 to 77:23:0 with 34.78% of weekly CF redirected to mods +* No +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + +To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! +I find it quite amazing that the price has managed to stay (relatively) quite high, despite turmoil that would permanently sink many other coins (still number 2, and close to a one billion dollar USD cap!). I figure this may be a strong indicator for belief on longterm potential success (including speculation). Thoughts? +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. +Through the FI path, we may get a chance to break away from pursuing resources / success / prestige indefinitely. Financial Independence is Time Independence. But it's no nirvana. We still have to navigate the challenges that come from being conscious and social. Having a unique lifestyle, for example, can be isolating or make us feel like we're missing out. + +Here are a few tips that have worked for me. For simplicity, I'm writing as if I knew things, but I'll admit that I know nothing. I'm not FI/RE yet. These concepts have simply helped me navigate the entrepreneurship path while I figure out the money part. + +**Pay close attention to your emotions. They're the real** ***mana*** **of life**. I'm not talking about *happy* and *sad*. Those are generalizations. Emotions are much deeper than that. What people call happiness is actually a general state of wellbeing / satisfaction with the present moment, such as when you're hugging a loved one or jumping in bed after a productive day. Emotional experiences are never entirely good or bad. They are nuanced. Hugging a loved one, for example, may have hints of nostalgia from the realization that the moment will pass. Just as watching your children joyfully play may remind you that they're growing up. + +It's ok to notice the nuances. In fact, noticing them will help you guide your own life towards unlocking better emotions (yes, this is possible). Think of your mind as surfing. You can actually learn to catch better waves of emotions by reading the movements of the water. The more skillful you are, the easier it'll be to ride beautifully. + +**Take excellent care of the equipment: your body.** Many humans assume the mind operates separately from the body. That's a big mistake. The body came first. The mind is an instrument to keep it alive and well. Nourish both. + +**Your habits serve as the foundation for your emotional machinery.** Unhealthy behaviors (e.g., sleeping in late, sugars, alcohol) will be punished with a sense of guilt, apathy, and self-doubt. Healthy ones generate a positive loop of wellbeing and confidence. Exercise, especially in nature, is the ultimate hack for the mind. A good workout and a healthy meal will give you a sense of accomplishment, even if you do nothing else meaningful that day. Also, assume you're not among the 1% of humans that were given the 4-hour sleep equipment. Get 7-8 hours to recharge. You'll notice the difference. + +**If you want to have a great life, practice having great days**. Even if you no longer need to make money, your mind will want to feel challenged and productive. Give it something worth its power. Establish a daily routine to do something creative. Write, read, code, design. Give yourself freedom to explore at first. But don't lose the routine. Your mind will naturally gravitate towards something worth its time. You have something that others would kill to have: unlimited opportunities to try, fail, and try again. + +> “What man actually needs is not a tensionless state but rather the striving and struggling for a worthwhile goal, a freely chosen task. What he needs is not the discharge of tension at any cost but the call of a potential meaning waiting to be fulfilled by him.” - Viktor Frankl + +If you don't have anything that inspires you yet. Don't worry. It'll come. Especially if you: + +**Experience the world**. Go deep into nature. Spend long periods of time in foreign countries. Learn to enjoy cooking. Become a tourist in your own city. Try new spiritual practices, flavours, arts. Push your body to its (healthy) physical limits. Fast. Read, a lot. Let your own interests guide you. + +**Become the person you'd be most proud to be**. Be kind, loving, wise. Every time you do something good for another person, you'll notice the gratitude in their eyes. That is the ultimate confidence boost. Reach out to the people you love. Tell them how you feel. They feel the same way. This will be hard at first. But like everything else, it gets easier with practice. Try to never win an argument again. No one ever wins in an argument. Instead, pay attention to what the other person is feeling and guide the discussion towards a positive end. Anger, for example, is a reaction to stress / worry / fear. If you can help others manage their own worries, they'll thank you for it. + +**If you have children, give them a happy childhood**. There is no better present you can give a human being. A happy childhood will give them the confidence to be creative and bold in the fast-changing world they'll grow up in. Forget about pushing them towards artificial goals (i.e., prestigious schools, good jobs). Those won't be necessary in the era of tech abundance. Rather, encourage their curiosity. Reward their efforts, not the results. Teach them to surf their own emotions. Be a calming presence to them. Show them your love. + +**Pick your environment**. Most of us spend most of our waking hours working. And choose how and where we live accordingly. If your lifestyle changes, consider also changing your surroundings. Get closer to nature or areas within cities where authentic human interactions thrive. Your environment has a strong effect on your emotions. + +Our thoughts also mostly revolve around what we do. You may notice that your old colleagues and you have diverging interests over time. They'll talk about the latest "big deal" they worked on. Or the amazing hot thing they're invested in. Consider that they're pinging their hopes on their ability to be "successful". Naturally, they'll try to build up their own personal story. Internally, however, they'll admire your independence. And they'll specially admire your 3-month trekking experience through the jungles of Borneo. **Owning your time is the ultimate kind of luxury**. + +**Find your tribe**. Humans are deeply social beings. Our minds create a self-image based on how we think others perceive us: "*I am not who you think I am; I am not who I think I am; I am who I think you think I am."* The people close to you have a strong impact on your wellbeing. Find those that bring out the best in you. Those that are bold enough to live fully. You'll find them exactly where you'd expect: art exhibitions, remote beach towns, this forum ;). + +**Connect with your authentic self**. This is the part of your mind that is clearheaded, calm, passionate, confident. We all have it within us. The more you listen to it, the easier it'll be to access emotions such as love, awe, peace of mind, presence. And the more connected you are with yourself, the easier it'll be to bond with others. + +**Observe your fears**. Fear paralyses us, wasting our time and energy. Whenever you feel fear / anxiety within you, stare right at it. You'll notice that it's empty, blurry, harmless. Anxiety only arises when you aren't in any real danger. It's just your mind feeling overwhelmed by a general sense of lack of control. Let go of this perceived control. It was fake to begin with. Think again about surfing. Emotional waves arise from within us all the time. If you swim against them, you only make the turbulence more painful. If you let them flow, you can ride the waves back to a state of calm. The same applies to positive emotions. Holding on to a state of euphoria (e.g., a fun party) is useless. Let yourself return to calm. It's a great emotional place to be while more positive waves come. Practice makes perfect. + +**Surf on**. The world is waking up to the reality that life is much more than school -> work -> family -> house -> retirement. This model was great to motivate us to be productive. Now we're slowly giving ourselves permission to be creative, including in how we experience life. We have barely scratched the surface to what billions of minds collaborating in a global communication and commerce network can create. Hopefully, many more will realize that wealth is nice. It's like having a fancy surf board. But the board is not enough to enjoy the surfing. +Hi all, I apologise if this is the wrong sub but I am just after a bit of advice for my parents (50) + +My mum used to own a house until finding out she was pregnant with me, at which point she sold the house to go to university and give me a better life. The plan was to buy another place after she graduated but terrible timing meant she sold just before the boom in house prices and could no longer afford to buy back in and have been renting ever since. + +A few years ago my parents started making decent money for the first time in there lives and decided to leave the security of their council house to rent a bigger place for. This was fine for about 5 years. Fast forward to covid and both my parents lose their jobs. My dad eventually manages to find another job but it’s temp to perm. but my mum has been temping on minimum wage ever since to pay the bills. This has crippled them financially as they had minimal savings before all of this. They have kept up with the rent but have had to set up payment plans on everything else. + +In great timing, their landlord has just given them 6 months notice to leave their home as he wants to sell the property. Fair enough, so they started looking for a new rental. The problem is there is very little on the market and they have cats so are always bottom of the list of applicants. Well eventually they found a place they loved, in the right place for the right price. There was no other applicants so they paid £288 for a holding fee (which they had to borrow) and all was looking up. Well, they just got a phone call from the agent and they have been rejected following the checks. Their reference from the last agent was perfect but they were rejected for being in temporary roles and told the only way round it is to either have a guarantor or pay all the rent up front. Clearly neither of which are an option. They also said this would be the same with any other agent. So now they have lost their ‘non refundable’ holding fee and are being told that no one will rent to them. + +So I’m just after a bit of advice really. Is the following really their only options? + +1. Scramble to find a permanent job in time +2. Rent off someone privately +3. Become homeless +I've never even met Jason, I'm not thanking him for anything he has done for me personally; rather, I am thanking he and his organization on behalf of the entire bitcoin community. + +A common scare tactic used by governments and the media is to associate their target with whatever illegal or unethical things they can. In the case of bitcoin, it's rare to find a mainstream news story about it that doesn't mention it can be used to buy drugs or other illegal things online. + +Sean's Outpost has done a LOT to promote and to legitimize bitcoin in the eyes of the mainstream. The recent Wired article was some great press, and I feel that it's only the beginning for Sean's Outpost. + +You guys are awesome. + +Best, +Martin Gale +[LetsDice.com](https://letsdice.com/?invite_info=113) +I’m currently public sector earning 31K at 20. The only real progression is to going into management. +I love computing and the sciences and would love to pursue a career in the aforementioned sectors. The only issue is that a lot of the jobs I’m interested in require a degree. +I do not want student loans. +So far I’ve checked out a part time course with open university. Which would take 6 years and cost me £18,000 (Which I am fine to fund in cash over the course of the three years as you only pay per year you complete ) + +The real questions here are what is an open university degree valued at. Do employers consider it worth less than a traditional uni? + +And also are there many opportunities out there that will employ me, albeit probably on a pretty bad salary but will pay my way through uni whilst giving my real life experience? + +Does anybody else know of any cheaper or more time efficient alternatives to achieve the degree? +Anyone notice that Carl Icahn took a large position in Blockbuster back in 2004? And took a huge hit in 2010 when Blockbuster went out of business? + +&#x200B; + +From the article in Business Insider: + +[https://www.businessinsider.com/carl-icahns-blockbuster-mistake-2016-5](https://www.businessinsider.com/carl-icahns-blockbuster-mistake-2016-5) + +Here's the confirmation bias part of the article: + +>**Here's a look back at one of Carl Icahn's gigantic mistakes** +> +>....But Icahn has made mistakes, of course. He’s said that the worst investment he ever made was the US$191 million he invested in Blockbuster beginning in late 2004. +> +>.....Icahn finally gave up in March 2010. He sold the majority of his Blockbuster shares at an average price of 26 cents per share. He was down around 98 percent. Blockbuster declared bankruptcy later the same year. + +&#x200B; + +I imagine that he might be looking for a little payback, eh? + +Now for the tinfoil hat part of the story. + +I mean, what if, and stay with me here, what if there were a company that was going to revolutionize online commerce, including video on demand/sales etc. and it was going to bring back the Blockbuster name while crushing the very rival that put it out of business in the first place and the shorts that may have participated in destroying his investment just 12 short years ago. Is Carl Icahn the original diamond handed ape? + +Truly boggles the mind that this could be a part of reality. What a simulation. +Hi All, + +Looking to buy my first house soon (to live in, not a BTL) and have a few questions. I am a professional poker player and have made large and consistent profits for the last 4 years. + + Now I understand that no lender in their right mind would consider it an income and that's fair enough. This leaves me 2 options. + +1) Cash: I'd rather not do this because from an EV/expectancy point of view, leaving that cash in my index fund for the same length of time as a mortgage would give me a far higher net worth at the end of say a 20 year period (unless someone can tell me otherwise)? + +2) Mortgage. As above I assume gambling income is meaningless? So my question is could I use money from the index fund as an income or is this not considered reliable. I should have £1m in there soon, could I pull something like 40k a year and have a lender take it into account? I also have a rental property overseas which produces an income, same question would that be taken into account? + +I live with my girlfriend who works full time. If we bought together and only her income was counted, can a house purchase have a minority mortgage, eg a 500k house where 400k is cash and 100k is a loan? + +Finally, how tough are lenders on proving source of wealth on a large deposit/paying cash? It's very difficult for me to prove income because I play at lots of different places including live casinos where it is all cash transactions. + +Any other general advice appreciated. + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; +I've always knew this but I finally realized that I can't keep bouncing from one dead end job to the next with the same shitty wages. I'm not looking for any get rich fast advice either, I'm looking for a legitimate way I can invest $300 and start making some money. I want this to be a long term thing so no get rich fast schemes please. My only skills are photography, video editing and filming, I have a camera that takes great photos and great videos but I feel the creative field is hard to make money in unless you have a lot connections or really expensive equipment but maybe someone here can prove me wrong. I haven't progressed in life in anyway since I've started working besides saving up for a 05 civic which I love since I don't have to rely on my mom for rides anymore. But yeah I'm tired of the same repetitive cycle everyday, the same paycheck and the same financial struggles, I'm looking for a change so I came here since I know this place is filled with intelligent people who have overcame circumstances way worst than mine. + + + +I've been trying to decide whether it's time to stop renting and buy a house. However having difficulty in evaluating whether it's worth it given my relatively low rent and the return on my investments. + +I'm 28 and paying £650 a month on rent, sharing a flat with a friend in London. I have managed to save £160k, mostly in a vanguard index fund. + +Here's my dilemma, assuming a 7% return, my investments generate £900 per month, so more than cover the rent. The rent is also a small proportion of my salary so it doesn't feel like I'm "throwing lots of money down the drain". + +If I were to buy a flat, £300-400k, I'd throw my savings at it and thus have a mortgage in the range £140-240k. The repayments on this would be between £600 and £1000 pcm. This also doesn't include maintenance costs, buying fees, stamp duty etc. + +It doesn't feel like a great trade at this point: spend all my savings and still be paying more per month for the roof over my head! + +Traditional wisdom suggests it's good to stop renting and buy, but running the numbers I find it hard to believe! + +Any experience or insights on this would be much appreciated! + +Thanks in advance :) +August 7, 2010 + +gridecon posted a bitcointalk thread titled "Bitcoin minting is thermodynamically perverse" + +By the end of this discussion, only a day later, Satoshi's response changed gridecon's mind about the efficiency of Bitcoin's proof of work. + +*"Thanks very much for your reply. I agree with your analysis, and this thread has actually changed my mind as to my initial criticism. After more careful study of the design of the Bitcoin network and trying to understand the exact manner in which Bitcoin attempts to create value from the computational work invested, I am now inclined to think that bitcoin is in fact high EFFICIENT rather than inefficient. My thinking now is that bitcoin does not, in fact "waste" computational work at all - instead it works hard to deliver the most value possible from that computational work."* + +There are many fascinating insights from OGs throughout this thread. It's sad that these types of highly intellectual discussions were so common back in the early days with smart critical thinking minds, people willing to listen, learn and admit their mistaken opinions, but now 12 years later we're reduced to proliferation of blatant scams everywhere and mind numbing idiocracy. + +https://satoshi.nakamotoinstitute.org/posts/bitcointalk/threads/167/#29 +Good Morning Everyone, + +With the flurry of tweets today, I thought this was worth pointing out as not seen it brought up yet. + +9 months ago today GameStop made this announcement: + +&#x200B; + +[https:\/\/www.globenewswire.com\/news-release\/2021\/01\/11\/2156168\/0\/en\/GameStop-Announces-Additional-Board-Refreshment-to-Accelerate-Transformation.html](https://preview.redd.it/epai1x07oss71.png?width=2594&format=png&auto=webp&s=a8b275e513b3ec784d56af9e8ef8690dd3b6f3f8) + +&#x200B; + +Yesterday, on the eve of the 9 month anniversary of the above announcement, Jordan Holberg posted this to twitter: + +&#x200B; + +[Buckle up, we about to deliver?](https://preview.redd.it/41yi07qfoss71.png?width=954&format=png&auto=webp&s=f0d42f5c7248f0097676efa1df895e9de025fd84) + +&#x200B; + +Tits = Jacked. + +Buy, hold, DRS. + +Hedgies r fuk. +**Paypal** + +Hello /r/stockmarket! + +This is the next write-up in my addition to this subreddit. This is my own analysis, done through fundamentals and discounted cash flow to determine the net present value of companies, as well as the overall trend of their respective industry. I’ve already done Square inc. ($SQ) and Lending Tree ($TREE), and now continue with my favorite sector, financial technology (fintech). As always, if you would like a copy of my financial model, please message me! I’ll answer any questions right here. + +**Paypal** is a company that works with payments solutions and the transfer of currency (non-crypto), for both businesses and private individuals. Paypal make their revenue from both a steady and % fee on each transaction that they process. The current value of Paypal is 91 billion USD, a quite steep price for a company such as this (a trailing P/E of 51). Paypal has also both started and acquired a basket of payment services, each focusing on different type of transactions. + +**To name a few:** + +Braintree payments, a one stop shop online merchant system. +Venmo, a peer-2-peer mobile payment system +Paydiant, a seamless mobile payment system for businesses. Walmart uses paydiant in their digital systems. +Xoom, a remittance company, focusing on far-distance transfers over long distances for emerging markets +Modest, a simple payment system for online merchant with focus on ease of implementation + +As you can see, they have a clear focus but claim a strong brand within their sector, fintech payments. + +** Fundamentals** +Paypal generated 3,7 billion dollars of revenue last quarter, with an average revenue growth of roughly 20% y/y in the last 4 quarters. They have an operating margin around 15-16%, and a net margin of 12-13%. These low margins are very common for payment solution companies, as they handle a huge amount of capital. Speaking of capital, the total payment volume (TPV) is the driving earnings generator for the company is at 131 billion USD, and is increasing 20-30% y/y in the last 5 quarters. Keep in mind that the TPV growth is increasing quarter to quarter. TPV growth is really what drives the business, and the TPV growth and revenue growth has a roughly 76% correlation, where TPV increases a bit faster than the revenue itself. Paypal as of today pays roughly 18% effective tax, making them incredibly efficient turning volume into net profit. It is also worth pointing out that Paypal is debtless, and is 5.4 billion net positive cash in their warchest. + +**Ebay & War on cash** +Paypal is currently down for this year, after they were announced to be dropped from Ebay as the primary payment service, since Ebay want to collect payment fees themselves. This caused a rough 10% drop in the price of Paypal. It is currently very uncertain how much this hurts Paypal, as Ebay payment volume is today 13% of Paypal's TPV. On top of this, something known as the war on cash is going on all over the world right now. If you are not aware of this, for sure do your research if you are interested in payment technology. Right now a majority of the worlds transactions happen through cash, but the % of cash transactions compared to the % digital payment transactions is currently is shrinking, fast. This translates to every single payment company’s market is growing, daily. + +**Estimates & Result** +So following the guidance put down by Paypal in their last ER gives 2018 an TPV growth of 20%, as well as a revenue of 15.000-15.250 billion USD, as well as their past performance, while maintaining margins, we are expected to see an increase in profits with an EPS going from 1.33 in 2017 to 1.6 in 2018. In my usual processes, I try to be conservative. I attempt to capture a conservative scenario that is very likely, and do not expect anything amazing to happen (optimism is not better than realism in the market). I usually see what a company is valued at assuming the company peaked in the last quarter reported. Assuming that their own guidance is correct for 2018, and that slowly their growth will go down after peaking in 2018, their net present value ends up at 82 billion USD, which is 12% less than their current market cap at 91.2 billion USD. This would put Paypal into overpriced ranged. However, there are some interesting things around here. As Paypal's market (the payment market) grows rapidly, there is tons of potential that is hard to calculate fundamentally. If the entire market grows to its full size, which would be roughly by 2/3rds, and Paypal takes a portion of that market share, their growth rate would increase rapidly. A sign of this is their increasing growth in TPV. The model which assumes peak in 2018 leaves their net present stock value at 69.4 USD, a 9% downside to its current valuation. The more optimistic model, which I also find more realistic, is where Paypal have at least 2 more years of growth until they peak. In this scenario they maintain their revenue growth of 17, until 2021, while maintaining margins. After that peak, slowly decline by 2% per year, with a discount rate of 7% (fair I’d say), their net present stock value is at 96 USD, 27% upside. + + +**Conclusion** +Paypal is a very tough company to evaluate, one of the hardest I’ve ever analyzed. They are a growth company for sure, but a very expensive one. They are priced at a point where they keep growing without many issues. If you assume peak in 2018, they are overvalued, 20% so pre “correction”, and 9% now. However, assuming payment solution growth companies peaking this year is practically assuming the company's failure. There is not success without additional growth. There is for sure risk there, especially with events like Ebay dropping them (note, it was not unexpected, but bad nonetheless). It’s hard to estimate how much it damages them, if at all, and if similar things will happen when competition with lower prices arise. However, all this said there is so much to like. A debtless company that is top of their respective field R&D-wise, making great profits (even if you are paying quite a bit for that profit at trailing PE of 51). As the digital payment volume increases, paypal will gain a portion of that, which makes Paypal a stable purchase if you want to bet against cash (which is smart). The questions to look out after are for sure: + +How does paypal maintain their Revenue to TPV ratio? This number is crucial as they most likely will increase their TPV. One problem might be that they have to lower their fees to compete in the future. +How does the competition look? The world if filled with competition, and its truly fierce here. Any provider that is cheaper/as cheap and/or easier/as easy, will out-compete Paypal rapidly. +Where is the expected revenue peak? If you assume it 2018 it looks pretty bad, if you assume it later it start looking good fast. + +If we see an increase in guidance as well as results in 2018-2019, it will be good enough news to maintain the goal of not peaking before 2020, which would make paypal a 26% upside purchase today. + +**My take:** +I believe in Paypal, however I much more strongly believe in the profitability of the war on cash. I think that if you are not invested in the “war” you are making a huge mistake. + +Good places to be include: **$V (Visa inc), $PYPL (Paypal) and $MA (Mastercard)$.** + +I currently own Paypal, it is currently just below 10% of my portfolio. I am down 10% after their earnings and Ebay announcement. The earnings looked better than I expected, and I am very pleased. I plan to average down to roughly 15% of my portfolio, and hold very long term until I can reap the benefits of the transition to a cashless world. I would buy Visa over Paypal, as it comes with less risk. I will make a write-up on them next. I own both, the same amount. + +Thanks for reading! + +/u/lykosen11 + +I'm starting to really get into this small side business of mine, and wanted to use the profits for my future home. Whether its expenses, furniture, etc. Is the S&P 500 my best bet for a relatively safe stock to buy into? + +I have 10k growing in dividend stocks now, AFL, T, NHI, KO, etc. I'm just not sure if going for individual companies or an etf would be more reliable. Would love some opinions! + + +### Market Notes: + +Market's are still going absolutely crazy in my opinion. The IPOs of DASH and ABNB show that. Along with some crazy runners this week, **GLSI** and **SLS**. + +But the overall markets are beginning to turn. The **VIX** started climbing on Wednesday and is flying in the premarket as futures are falling. + +Big news stories of the week include jobless claims rising, COVID-19 deaths spiking, **PFE** vaccine is ready for emergency use authorization. With the vaccine several months off, the negatives could give the bears an edge at least in the short term. + +I'm watching for the dip to get bought. If the selling continues at the open we could be in for a bumpy couple of weeks. + +### Watchlist: + +\*Low Float + +\***TDAC** has support at $13.50 + +\***FIII** has support at $12.50 + +\***PHIO** has support at $3.20 + +\***SLS** is on watch + +\***ZDGE** is on watch + +\***FPAY** has support at $2.50 + +\***RAIL** has support at $3 + +\***CLSK** has support at $15 + +\***VTVT** has support at $4 + +\***PERI** has support at $11.50 + +\***WTT** has support at $2 + +\***SURF** has resistance at $10 + +**TRVG** watching for a setup above $2.50 + +**RGLS** has support at $1.20 + +**PLG** has resistance at $5.20 + +**VERU** is on watch + +**SLCA** has support at $6.50 + +**SMTS** has support at $3.20 + +**TRQ** has support at $12 + +**SM** has support at $6 + +**UUUU** has support at $3 + +**XXII** has support at $2 + +**AMPE** has resistance at $1.48 + +**ERF** has support at $3.20 + +**AR** has support at $4.60 + +**NXE** has resistance at $2.60 + +**CLF** has support at $13.65 +Hey everyone, + +29\[M\], 70K in brokerage, 35K in Roth, 18k in Ally, 77k 401k, zero debts. Mechanical Engineer in N. California. 76k salary. It's my first milestone thread. What's my FIRE number? Not sure. Probably $1.5M in today's dollars. I think I focus less on a number and more about a pace and status, where I can hopefully make working optional sometime in my early 40s. + +The most important advice I can give is this.. get a longterm boyfriend or girlfriend to pay 45% of your monthly home expenses. So be sure to set aside 1% of your portfolio aside for self-improvement to maintain handsomeness, so you can attract and maintain a high quality partner. Kidding. + +I mostly own index funds and have had good luck with my stock picks (Microsoft, AMD, Sunrun, Visa). We've benefited from a very favorable market. But one thing I do think that I do well is remain long-term oriented. I try to avoid the arrogance and egocentrism involved in believing that I can consistently beat the market. I try to resist that mental mistake and remember that statistically I won't, and that if I do, it was likely dumb luck. Like Ben Felix suggests, I try to focus on making good decisions, and not mistaking good outcomes with good decisions, like making a fortune by going all in on Tesla options. I think about how in every decade the top companies in the S&P were totally different and that empires fall and entire markets shift. I'm of the belief that 20-30 years of good, risk-appropriate decisions gives one a very good chance of establishing comfortable wealth, and may even outpace the risky trader who gets massive wins but is offset by big losses. Overall I think maintaining an investing mindset of humbleness over arrogance is beneficial for one's wealth and mental health. + +I don't see my brokerage/roth strategy changing much in the upcoming years. For goals, I have grown to have a sizable fur family and its only my good luck in having a very tolerant landlord that's allowed me to keep them. I would like to get a house of my own, and I'm still at a young enough age I can tolerate a roommate to make some income from. + +I'd say another thing is don't hesitate to take advantage of stability. I've got a good amount saved, and have been back to work for a year. So my girlfriend and I are taking advantage by taking road trips as often as we can. My advice is recognize when you are in a favorable situation where you can do bold, enriching activities. We've visited multiple state parks in California and Oregon this summer. Our favorite is Smith Rock, Oregon. We're planning on a 4 day trip to fly out to Utah to see Arches and Zion in October. + +I had another thread last August where I recounted my experiences being fired for two months. I enjoyed the life of training dogs, reading, and exercising. So I'm still content to be on the path towards a more permanent version of that. +I'm on my way to FI/RE too. + +We are a family (32M, 33F) with two children (4 y.o. both, twins) from Saint Petersburg, Russia. + +We started living below our means a long time ago, perhaps in 2012. For a long time we did not understand that we are FI/RE or smth, using cash savings accounts and real estate to save money that we earn. In 2018 I found an information about FI/RE and now I understand that we are not alone :) + +Since 2018 we use stock market to save money against inflation etc. + +Living in Russia isn't really expensive: $16-17k / year is enough for our family for everything like food, clothing, army of bills, taxes - everything except travels and expensive stuff. + +We earn much more, so it's possible to save 50-70% of our earnings and let the money "work" for our future financial independence. If all goes well, we will get FI/RE under 40, now it's 45-50% complete (stock market is so high nowadays, crazy) + +**Some "numbers":** + +Net worth (except home, car equity): \~$197k, asset allocation: 90% stocks, 10% cash & cash equivalents. + +Home equity: \~$136k. + +SR: 60-75% in 2021, 50-60% in 2020. + +FI/RE number: \~$470k (if inflation would be \~2% average) + +**About Russia & FI/RE:** + +We have a very strong wealth stratification in Russia. But we were lucky to get a good job, good salary. + +We work in "near-IT" (actually, GIS and maps, consulting, urbanistic - but no one cares, it's easier to say "near-IT"), so we have a high income. Very few in Russia understand the values ​​of FI/RE, because "Instagram life" is in trend (spend more, buy these Gucci, don't be like a donkey). But this is not for us, financial freedom is much more valuable than Gucci. + +We also do not want to move to Western Europe, although we could - simply because this is our home, and we are already tired of moving, having changed three cities before the age of 30 (we were born in russian asshole calling "Volga region"), and we are tired of moving. + +But at the same time, we have very convenient tax conditions for FI/RE in Russia. + +We have something like "Roth IRA", calling Individual Investment Account (IIA). You can open the IIA and get up to $720 of your taxes back every year if you invest up to $5500 and don't close your IIA at least 3 years. You can do everything you love - buy&hold index funds, buy&hold cash/bonds funds or trading SPCE intraday - nobody cares. So, it's a good thing, 13% bonus to your CAGR (but not really big amount, $5500/year limit x2 because we are family :D). + +Second "cheat stuff" when investing in Russia is tax-free on capital gain for those who hold their investments at least 3 years. It isn't stack with the IIA, but c'mon, we are in Russia, so we have some "rabbit hole" and we can stack it (maybe we get nerf in future). It has also limits: \~$41k capital gain/year but it's a high limit. + +Although we have dividend tax 13% with no any method to avoid it. + +Finally, we have very expensive ETF's: US ETF's like VOO, SPY etc are "banned" (we can buy it on NYSE, but we don't get any tax prefferrings), russian ETF's have 0.8-1% expense ratio. + +So I should pick stocks, because stocks have no expense ratio but have all tax prefferrings - it's cheapest way. I'm trying to make my stock potfolio with highest correlation with S&P500, so I just download iShares OEF holdings and go buy same stocks with same weight and.. it works :D + +&#x200B; + +P.S.: sorry for my bad americano, I hope you understand me, you can help and message me if I use wrong words, and I fix my text. +I just thought I would share in case any of you are looking to sell a home. Part of our FI plan was moving to a less expensive home, and selling the one we were living in - which we just did. Saving a lot of extra money meant much great savings progress towards our FI goals. In case it helps anyone, here is what we did. + +1. We used a flat-fee MLS service instead of a listing agent. We shopped around for a flat fee service until we found one for $250. It got me access to MLS, and Centralized Showing Service, and most agents hadn't a clue I didn't have a listing agent until it came time to negotiate, which was great. We had 30 showings and 4 offers in less than a month, so it was obvious that not having a "real" agent made zero difference. Not using a full-service listing agent saved us $5175. + +2. We offered the lowest reasonable commission. Even though in our area the "typical commission" was 3%, we offered 2.4%. Agents didn't seem to care so long as they were getting something, but the difference to us was $1050. + +3. We followed the normal home-selling spruce up tips we found online. We spent a month getting the home ready, and instead of hiring a staging service, just left some of our furniture and decorations behind and bought some other stuff at a local thrift store as decoration. We didn’t do any major remodel, just spent most of the time painting, spackling, scrubbing grout, making sure the details were attended to. We mulched our yard and landscaped like crazy, but found mulch on Craiglist for really cheap and did the work ourselves. + +4. We did take the time to have professional photos made. We were lucky that my father was a professional photographer so he did ours for free. The big thing was a wide-angle lens that makes rooms look huge. + +5. We bought a home warranty in advance. Buyers will put the most expensive warranty they can request in their offers, so you are better off getting the promotional savings and shopping around. We saved $180 this way. + +6. We bought our own lockbox for $13 at WalMart and didn’t bother with a yard sign. Renting one was more expensive, and yard signs only tell your neighbors your home is for sale. (Edit: we also had so many showings it was obvious to us we didn't need it, but YMMV and renting one was only $50 more.) Everyone who is serious uses MLS. + +7. We shopped around for an attorney to do our document preparation, instead of using the buyer’s attorney. A few e-mails and phone calls saved us $50. + +8. Since we moved to a home that already had a washer and dryer, we sold the ones that were in the house. It made not a single bit of difference in the prices and offers being made, and we got $150 cash for them. + +9. We just completed doing our own repairs and probably saved another $500 or more in service fees to electricians, plumbers, etc. Since a lot of outlet issues came up, we bought our own outlet tester for $8 and switched out a few outlets that cost less than a buck at Home Depot. Look up all the repairs requested and it is amazing what very easy to do yourself. Per the contract, you are allowed to do them yourself, even though the buyer’s agent will offer to hire all the work out. + +10. We waited for a great offer (we had to remember that banks wait a minimum of 30 days to even review offers). The first offer we got right off the bat was pretty good, but we decided wait. 22 days later, we began to second guess ourselves, but then three more offers came in and we got to negotiate a multiple offer situation and ended up $2,500 ahead. What is great is that because we weren’t using a listing agent, there was no pressure to accept the first offer. The first offer and the offer we took were for the same price, except a big difference in seller-paid closing costs. This would have made no difference to the agent in commission, so they would have pushed us into the first offer and we were glad to not have someone pressuring us. Edit: Another reason we waited was because we were familiar with the [Freakonomics research that showed that real estate agents leave their own homes on the market an average of 10 days longer than their clients] (https://www.youtube.com/watch?v=17jO_w6f8Ck) + +I just hadn't added up all the savings, but they were a lot, and I thought I would share my experience. These days, MLS is king, and really all you need is that, a Craigslist ad, and maybe a free Zillow ad and you're good to go for "marketing." Open houses apparently don't generate many offers, just lots of realtors trying to get you to use them. :) + +Edits: +Here's the link to the original [MMM article How to Sell a House](http://www.mrmoneymustache.com/2015/06/20/how-to-sell-a-house/), and the flat fee MLS service we used was [Carolina Realty Solutions](http://www.carolinarealtysolutions.com) +I noticed that ever since I started purchasing NSC, I get excited when I pass by one of their trains. I even started looking looking up pictures of trains and changed my laptop background, which was originally a picture of a Lamborghini. I feel like a total dork now, but I guess it's taking pride in the amount of research I did, coupled with owning an extremely small amount of the company. Anyone else ever feel this? +So I'm a relatively young teenager who's just gotten his permit not too long ago in NYC. Why is this relevant? There's a chance I'll be disowned, and area and age will impact responses. I'm using a throwaway account for privacy purposes. + +I have a bank account with approx. $3000 saved that I have absolutely no access to. If I do get kicked, it'll probably rather abruptly, and I don't know how many things I'll be able to take. I know this isn't the best place for it, but I want to know your suggestions for what to do. + +When it comes to the actual finance part, treat me as if I was a homeless, 16 y.o. who still goes to school full-time, and without working papers (stupid, I know. I should've gotten them done before this mess, but my father is against me working because "you have everything you need, why do you need to work?" this also means I probably won't be able to get them done). + +I'm actually really unsure about what other details may be necessary since I never thought things would progress to this point. Before you say that I should just get along with my family, I've tried. I've really tried. I was hoping I'd reach 18 before this happened, but it doesn't look good. My family is extremely religious and does not tolerate my agnostic beliefs, nor are they supportive in any way, except financially. I'm grateful to them for that, since I know my life could've been much worse, but I'm tired of feeling abused and depressed at their hands. If you have nothing to say besides "try to get along" or "WTF is wrong with you dude" please don't say it. I need actual help. I still want to finish high school even if this happens because I want to go to college, even if it means I'll only be able to afford a community college education. + +This may not have been the best place for this, but I need to prepare myself. I'd appreciate any financial advice you guys can give me. + +Edit: The main problem isn't religion. It's just the emotional abuse they give me that's hard to deal with. Lately our only conversations include them insulting me and me going along with it. I always try to avoid the disagreements, but sometimes they take it over a few notches and blame it on me anyway. I'm doing everything I can to stay, but they don't seem like they want me to anyway. + +Edit2: I'm extremely thankful for all your help with my issue. I'm safe for today, for those of you who have worried, and I've started preparing a little bit, having people around me know what's going on and making sure that if anything happens I can get help. If you still have something to say, please do. I'm beyond grateful for this, knowing that this information might help me get through what could be a possible obstacle in my life for the next few years. +In 1876 economists and mathematicians theorised the existence of a economic-ecosystem that had reached a form of transcendence - creating an endless positive feedback loop. They proposed that such a system entering this state would begin what they called the Golden Bull Run. Various mathematical models were created to show what this Golden Bull Run would look like. + +Through my PhD research I believe cryptocurrency may be entering the early stages of a Golden Bull Run. In this stage early investors could potentially earn an endless supply of wealth - as the system generates tangible wealth rather than just moving it around. + +Economists believed that the slow nature of the stock market meant that harmful players could sabotage the emergence of the Golden Bull Run before it could get started. However it looks like the extremely fast paced nature of cryptocurrency means it is not susceptible to these types of attacks. + +If I am right we could see something never before experienced in the history of the universe. Hold on while you can - takeoff is imminent. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +It probably even surprises 'me' how fast this thing can skyrocketh. This coin might even go up faster than BTC did in the past. Can't wait to see what's gonna happen. +I think that with the CASPER and the new POS, it will make sense to simply hold as much ETH as possible to gain on the transactions. + +We all know about the 1500 limit but also that it is not necessarily relevant. But for me there is another question. + +Fast forward 5 years from now. Ethereum is a huge success and we have IoT and sharding and everything works. How much can I earn with, let's say, 1K ethereum ? + +I would take these parameters into account: +1. Let's say we have about 100K tx per secondes +2. I assume that not every ETH holder will want to take part of that. I can imagine traders won't want to block their ETH to do POS. So how many will do it? 50 %? +3. I have no idea what will be the inflation of ETH. to make things easier, let's pretend we will have then 100M Eth on the network + +So? What is the revenue prediction in this case? any idea? + + +I currently have 100,000 CAD I want to put into Ethereum. + +How would I do this in a way I can reduce transaction costs and ensure that I have all my ethereum in my wallet as safely and quickly as possible? + +Thanks +Just got an email from Gatecoin named Weekly Price Analysis & News, and in it, it says: + +ETH +7 day low/high USD: 10.10 - 11.80 +7 day low/high BTC: 0.0238 - 0.0282 +24h Market cap USD: 810,645,480 (11am HKT) +24h volatility for ETH/BTC on Gatecoin was 8.84% compared to 0.98% for BTC/USD according to btcvol.info. +With the ETH price going down in the second half of the week it seems that buyer pressure was much higher than that of sellers. Given the fact that ETH/USD has stayed within the USD 10 - 12 range for most of the last 30 days, it's likely that we will see an upward trajectory again, creeping back to USD 12 or higher, with any lows staying above USD 10. +With more DAO token crowdsales expected in the coming weeks, we maintain our analysis that the ETH price will rise steadily in the long term. +Stay posted on the latest price discussions on the ETH trader subreddit. + +Price Predictions (One Month): +BTC: USD 418 +ETH: USD 16 +REP: USD 7 +Strong sense of fear on the markets right now. + +I'm not afraid. Because I haven't seen any evidence of a capable competitor. Yet. + +In my opinion, the value of a programmable x-currency is down to: + +- the leadership team +- the technology itself +- the x-currency's community +- number of developers and projects +- the number of nodes online, tx/sec, hash rate, etc. +- market sentiment +- etc. + +I don't see how these rumoured top secret blockchain rivals expect to be able to enter at ground zero and go beyond what Ethereum has achieved over night. Even having full access to Ethereum's public codebase, cloning and customizing is isn't enough. In my opinion, if the strategy is to clone and customise Ethereum, the only way to rival it is via the sentiment route. +The following link is my Parity Wallet for MLN: https://etherscan.io/token/Melon?a=0x00861dedcbe322ab3c13fa4ec93f0258f7a8be29 as you can tell from it, I was trading a lot of ETH from my Coinbase for MLN last night though ShapeShift with the biggest one being 22.2 ETH for 28.5 MLN. + +Then I must've screwed up and sent 22 ETH to a random address https://etherscan.io/token/Melon?a=0x7230fd3299d929194507ca8ea23d18c601a00822 for about 28.2 MLN. + +It was genuinely a mistake, 0x7230fd3299d929194507ca8ea23d18c601a00822 is not my wallet id anywhere I don't think, I'm pretty sure it's the address I used to send my ETH to MLN, not where my MLN was supposed to have been put (my parity wallet, the first link) + +I don't know exactly what to do, is there anyway to transfer that 22 ETH from the second "wallet", that I have no access to, to the first one? If not, who would I contact to make this happen? It's kinda a lot of money + +Thanks, + +Sam +I’ve invested in Crypto without much knowledge during the boom and didn’t gain much. Now i’m getting to understanding the technology a bit and thinking with ETH along with other cryptos being so low right now, as well as all the new emerging tech, isn’t it time to invest? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include, but are not limited to, general discussion, details related to events of the day, technical analysis, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +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! + +The market is shit. But even in the shit, there are opportunities. I found it with APRN (still in it heavy, btw, and yes it IS possible to have more than a single position at once) and I’m hoping I’ve found another here. What’s the linchpin this time? Another ***activist investor***. I love that type of investor, because they provide some insulation from the broader markets. + +Anyways, on to the topic at hand… Avaya (AVYA). It has a number of things going for it (outlined below), but it all centers around the activist investor: Theodore (“Theo”) King.. Theo is goated btw this year alone he played AAMC (pos +36% now), FEDU (pos +34% now), TEDU (pos +362%!) all while the market dead, and now he has moved onto AVYA – writing out his [lizard brained thesis](https://www.sec.gov/Archives/edgar/data/1418100/000119312522227517/d359845dsc13ga.htm) for all to see. I suggest you read the document, as while I cite a lot of it, there’s no substitute for going to the source. + +**Anyway, AVYA is valued at the depth of the earth’s core but there are some dynamics that make it attractive**. The fundamentals aren’t shitco but more interesting is finding an opportunity for **basis risk blowout that can lead to outsized upward movement**. Standby smooth brains, we’re going on a journey…. + +# The Slide + +**Briefly: Avaya is a big tech company with 90,000 customers in 190 companies with thousands of patents (over 4000). Its primary business is a product called OneCloud which is a** unified communications and collaboration software. + +&#x200B; + +https://preview.redd.it/h3txlqddn3l91.png?width=512&format=png&auto=webp&s=ec0947a4995b89193715428fab1b0d768f2fdc24 + +**Over the past year** ***former*** **CEO Jim Chirico** took a $2B company down to $100m in a year with decreasing revenue and frankly a real risk of bankruptcy. The stock has fallen 94% YTD. Irresponsible really. + +Inept ol’ Jimmy boy shows up to his performance review (7/29) all wide eye’d and shit coked out of his mind unable to explain the discrepancy in Q3 earnings. **The Board fires him and plugs in Alan Masarek**. More on Masarek shortly. + +The market panics, creditors are pissed, CEO is getting canned, and 10-Q is delayed. So price drops from $2 to $0.60 within a week. **AVYA is left for dead and consensus is bankruptcy.** Hang in there little guy, we’re getting to the good stuff. + +# Inflection + +Avaya OneCloud is growing at 21% QoQ and 118% YoY (per Q2 ER). **OneCloud is the AVYA engine and currently generates $750M in Annual Recurring Revenue**; estimated to reach $1B ARR end of 2022. AVYA has 90,000 customers and acquiring customers in enterprise software is expensive AF so they’re not evaporating overnight. + +They had roughly $325mm in cash on the balance sheet. They just raised $650mm in recent financing, subtract paying off the $350mm for 2023 notes, nets $300mm cash. **Drawing down the remaining $118mm ABL facility (as suggested by Theo) would boost total liquidity to $743mm in cash ($325+$300+118). AVYA has sufficient liquidity and options to implement the necessary turnaround.** + +For capital structuring, Masarek already has experience with Vonage. In fact, He was able to produce an incremental $200mm cash flow per year for Vonage. **For Avaya, he is working to reach resolution to close out the 2023 notes with cash in escrow from the 2027 notes**. Which should be soon because AVYA released the prelim 10Q to private investors last week and, interestingly, bonds rallied. + +&#x200B; + +&#x200B; + +&#x200B; + +https://preview.redd.it/9kz2e9dgn3l91.jpg?width=435&format=pjpg&auto=webp&s=5009b51df1804dd7e7d6b74f33ba2ddb4705cb33 + +&#x200B; + +https://preview.redd.it/tremiubin3l91.jpg?width=512&format=pjpg&auto=webp&s=c74d68789138b1b3e9f57444942c67d9c6184183 + +&#x200B; + +[bond price going up](https://preview.redd.it/33her5ekn3l91.png?width=512&format=png&auto=webp&s=f9e33cd18c70cef8724ce236949739922155ab18) + +**Operationally, Masarak has committed to a quick transition from traditional offering to SaaS**. This includes plans to ensure a transition to recurring revenue such that AVYA is cash flow positive before end of year. Moreover, he’s openly announced he’s going to cut the fat and right size workforce to focus on the greatest return. + +**If anything, AVYA sets up for a nice acquisition target**. The AVYA brand name and customer base is worth way more than the company itself at $100mm market cap. **I mean think about it, at a market cap of \~$100mm, AVYA generates 2x its market cap in EBITDA per year**. + +&#x200B; + +https://preview.redd.it/oaa1fhzmn3l91.png?width=512&format=png&auto=webp&s=006b9f5d6a8cabec5693b1a0f1321890faec762e + +# Theo the Chad + +**Theodore King (@dkl1897 in the pics btw) began by co-founding the SaaS company, Faria Education Group**, while at Wharton in San Fran. Consider that while the rest of you puked into fraternity bushes and literally worked at Wendy’s through college. Today, this same company serves 4.3mm students in 140 countries with 45% CAGR in sales. Needless to say, this dude knows SaaS and has the bags to prove it. + +**Theo is an activist investor and just raised his stake to 15.4%in AVYA as of 8/19/22**. Funny enough he recently increased his stake by fucking around with MMs selling near dated $2, $2.5, and $3 strike puts. As with all his investments, he has a long term thesis greater than 24 months **and has no plans to sell.** + +Like a true chad, **Theo filed his latest 13G with his** [**lizard brained thesis**](https://www.sec.gov/Archives/edgar/data/1418100/000119312522227517/d359845dsc13ga.htm) where he lays out personal experience, capital restructuring opportunities, and the digital transformation. He’s active on twitter where he loves to call it like it is; scope hovering on debt holders and MMs. + +Think we could all take a page out of his book when you look at his port. The man apes into the dip on all of his plays with precision and just keeps winning. Here's a decent trader/investor talking about looking for opportunities when others run for the hills. + +&#x200B; + +https://reddit.com/link/x2ik5i/video/5plz05dpn3l91/player + +&#x200B; + +# Basis Risk Blowout + +Now’s the time to chat basis risk. **Basis risk arises when a hedge imperfectly offsets the core position**. It comes in a couple flavors of… price, quality, timing, etc. Just read on and you’ll get it. Firms hedge essentially, to remove exposure to movements of the underlying stock until delivery. Let me explain… + +Say my old crotchety aunt is gifting me 100 shares of GME when she dies in precisely 1 month. The old hag won’t let me have them any sooner under “any fucking circumstance”. But whatever, I sell a naked October call on GME today. + +The position approximates a covered call, right, because I’ll have the shares in 1 month anyways. However, it entails timing basis risk because I don’t actually have the shares (collateral) immediately on hand and won’t for another month. **The** **basis** **that I can cover my call immediately is at** **risk** **due to the** **timing** **of when the collateral will be delivered.** + +Unexpectedly, GME rockets to the moon when apes pump it from $35 to $400 and my naked call is waaay ITM. My broker margin calls me but my crypt keeper aunt tells me to pound sand. This means, I’ll have to satisfy the margin call *today* by purchasing directly on the market at $400! **Even though the collateral will be in my account in 1 month, I’m squeezed immediately because the shares have another month to be forked over**. Alright so you have a flavor for basis risk. We’ll circle back on why that matters for AVYA shortly. + +AVYA closed financing on $250mm ‘27 convertible notes on 7/12/22. This financing was part of an effort to pay off the $350mm Dec 2023 notes set to expire. The conversion rate for the ‘27 notes is based on the following table taken from the Indenture: + +&#x200B; + +https://preview.redd.it/vdljusdrn3l91.jpg?width=512&format=pjpg&auto=webp&s=6f65ee63891b5d1c00ba49b0a1be0722ae376cbd + +Note the floor of $3.42 for current year and underlying price. The table reflects the *additional* share conversion from the baseline 232.5581 per $1000 debt. So at $3.42 (or below) today the conversion is 292.3976. **The math here is not as important as the $3.42 price floor, remember that.** + +Generally, it’s common for convertible debt holders to enter a “convertible hedge” to reduce default risk and increase yield. **A convertible hedge is a strategy where an investor buys a convertible bond and then shorts the stock to increase the overall yield**. + +To avoid price risk, debt holders would short the stock for a hedge around $3.42. Interestingly, at the same time **AVYA opened financing on these exact 2027 notes… shorts spiked from 7.9mm to 12.2mm 🤔.** This is not a coincidence. + +&#x200B; + +https://preview.redd.it/on9us1rsn3l91.jpg?width=283&format=pjpg&auto=webp&s=22e9e8cbcc6f9a1e716ade26ba0bd7bd1d02e0c6 + +Clearly 2027 debt holders are shorts on the other end, hedging their position by incrementally increasing shorts. In fact, Ortex estimates 100% utilization and 17.13mm shorts currently. + +On the topic of float, AVYA has 85.84 mm shares outstanding ([10Q](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001418100/000141810022000047/avya-20220331.htm)) but I combed through some filings to determine float. I’ll go through the math more meticulously in a separate post but determined that **the effective float is somewhere around 20 mm \[86 - 44.5 - 20 - 1.5 = 20\].** If the price rises above $7 the float would be more like 20 - 39mm since weaker hands rise above their cost basis. + +**Based on float of 20mm, the SI is somewhere between 76% (FINRA) and 86% (Ortex). More importantly, the debt holder conversion (collateral) is locked until October 1st, 2022 per the Note Indenture.** + +&#x200B; + +&#x200B; + +[Bloomberg terminal AVYA 2027 notes](https://preview.redd.it/bff4uxnun3l91.png?width=404&format=png&auto=webp&s=a4ceec790fd1354345381cbd2c5acb12376bf8bd) + +&#x200B; + +So if the price of AVYA were to move substantially above the convertible hedge cost basis (theoretically near $3.42), the note holders could be margin called or panic cover to reduce exposure. + +&#x200B; + +[Theo’s letter to the SEC when filing 13G\/A](https://preview.redd.it/bfock1cxn3l91.jpg?width=512&format=pjpg&auto=webp&s=2e2eeddad0c3d461ec907c706fe6ae7ddce84bbc) + +**Pulling it together, convertible hedges near $3.42 cannot be covered if shorts are margin called before October 1st due to the inability to exercise the conversion.** Between now and then, they carry time basis risk. Aunty is a ruthless bitch and debt holders are about to be working behind a Wendy’s. **This is what I mean by basis risk blowout!** + +&#x200B; + +&#x200B; + +[whammy](https://i.redd.it/6ra9tp0zn3l91.gif) + +# Liquidity in Distress + +Last two weeks, AVYA has traded abnormally. The kinds of things you see when fuckery is afoot. There have been periods of price barcoding indicating price exploration and frantic searches for book liquidity. There’s also been an extreme rise in short exempt volume. + +&#x200B; + +https://preview.redd.it/77bymm91o3l91.jpg?width=512&format=pjpg&auto=webp&s=76c2f431d9348b7486abe360509e7ab870adec63 + +(Short exempt spiking with accelerating price action) + +The short exempt volume reached approximately 10% of the free float. This extremely high SE number is a red flashing light on synthetic short positions and market making. Hell, even our boy Theo calling out the oddities: + +&#x200B; + +[Theo’s letter to SEC when filing 13G\/A](https://preview.redd.it/7fdatzi3o3l91.jpg?width=512&format=pjpg&auto=webp&s=d00b8165e2a3165758eabea41368a37846dc4ff1) + +&#x200B; + +&#x200B; + +[Theo tweet 8\/23\/22](https://preview.redd.it/aw9rekf5o3l91.png?width=512&format=png&auto=webp&s=09f84a52dcdba12d85535b29ee331a6d655b7acb) + +&#x200B; + +&#x200B; + +On 8/29, AVYA was added to the NYSE Reg SHO Threshold List. As a reminder, a security hits the reg threshold list when there are accumulating failures to deliver and marketing making instabilities. Essentially, it flags when there is liquidity distress in trading of a security. If debt holders are forced to shed hedges, then buying on the open market before October 1st will be extremely crowded. + +# Resistance & Retribution + +In his letter to the SEC, **Theo compares the AVYA to CDC Corp in December 2011**. At the time, CDC was hammered on a failed spinoff that was meant to pay off debt coming due (much like AVYA ‘23 notes). However, the market panicked and devalued the business despite strong fundamentals. **The CDC sell off was eclipsed by 5,000% returns over 2 months when Vista PE initiated an acquisition**. While markets are reactionary, emotional, and irrational, Theo is not. The man just descended from heaven and gifted us alpha. + +I’m not suggesting that AVYA goes immediately to 5,000% but there are some reasonable key price levels in both the near term (1 month) and mid term horizons (12 months). First, we have initial confirmation over $1 for solid support. Next key levels are roughly $2.5, $4.5, $12, and $18: provided sufficient capital inflows: + +&#x200B; + +[AVYA daily candles - Oct ‘21 to Aug ‘22](https://preview.redd.it/wbq9gi48o3l91.png?width=512&format=png&auto=webp&s=aeddb06a40b724af8852ccf3fc5274f8a144f578) + +**Most immediately there is a gap fill to $2 - $2.5 resistance**. With large gamma positioning within $2 to $3 (both calls and puts) this resistance intuitively checks out. **Right now AVYA is consolidating at $1.25-$1.5 on tapering volume; preparing for a massive leg up.** + +**In addition, you see the massive OI on the $c 9/16? I dug into those transactions and verified they were large BTO orders.** Not a huge gamma effect right now but my homies Black and Scholes estimate the gamma should start to hit the gas pedal **above $2.5 which will cause an exponential gamma effect** as price continues to rise above $2.5 and higher and higher. + +The $4 - $8 region should further setup nicely. Remember that $3.42 is the threshold for the convertible notes and short hedges are likely at this price level. **At a 100% margin requirement, margin calls should hit at \~$7 if shorts don’t preemptively cover sooner.**. Otherwise, not overly concerned with weak, choppy resistance around $3.5 - $5.5. + +Ultimately think there’s enough juice to hit the $12 - $14 resistance but pretty shaky any higher at this point. The fuel to get there is multi-fold as mentioned. + +# TL;DR + +Market has priced AVYA for bankruptcy based on several items that could rapidly unwind within the coming days/weeks. This is alongside basis risk blowout from convertible short hedges near $3.42 that cannot be covered until October 1st. Any of these items could result in large upside: + +1. Filing of the 10Q and any not so shitty corrections +2. Filing of Form 4 share purchased by Masarek following the 10Q +3. Additional purchasing by Theo (activist investor) +4. Resolution of the ‘23 note buyback with cash in escrow +5. Basic risk blowout from preemptive convertible hedge prior to October 1st +6. Large gamma effects from $8c ~~8/19~~ Sept Mopex if price rises to and above the $2.5 level + +While a lot of companies priced for bankruptcy are shitcos, AVYA has an extensive customer base and reputable product OneCloud. Critical steps are simply to transition to subscription based model and ensure capital structure is resolved and optimized. In addition, AVYA has a lot of liquidity within grasp ($743mm). + +# Positions + +Lots of shares, Sept + Oct calls +Im a university student and this question has been bugging me for a while. I'm spending thousands of dollars on university and becoming indebted to the government for a piece of paper that could most likely turn out to be useless in the job market. +What other options are their other than uni? + +EDIT: I'm in my second year of a bachelor of commerce majoring in management at the University of Otago in New Zealand. +U.S. stock exchanges will soon have to adopt policies that require public companies to claw back incentive-based executive pay if it is awarded due to accounting fraud or mistakes. + +The Securities and Exchange Commission voted Wednesday to adopt such a rule, one of the few remaining that were mandated by the 2010 Dodd-Frank financial reform law passed in response to the financial crisis of 2007-2010. + +The rule will “strengthen the transparency and quality of corporate financial statements, investor confidence in those statements, and the accountability of corporate executives to investors,” SEC Chairman Gary Gensler said in a statement. + +Companies listed on U.S. exchanges will be required to establish compensation-recovery policies that would be triggered any time the company restates its earnings. If the misstatements led to incentive-based compensation, the company must recover those funds. + +The rule requires companies to claw back compensation when it finds both “big R” earnings restatements, which require companies to alert investors and reissue financial reports from previous years, and “little r” revisions, which are less serious and don’t require that investors be alerted. + +Financial-reform advocates have worried since the rule [was first proposed](https://www.marketwatch.com/story/secs-clawback-proposal-leaves-a-big-loophole-2015-07-02?mod=article_inline) in 2015 that a decline in the number of more serious earnings restatements and a rise in the number of less serious revisions is being driven by companies pressuring accountants and auditors into massaging results in order to reduce the need for full restatements. +So my Partner and I are hoping to buy our own place by around January 2022. We'll have 30K combined for a deposit (after April, we both have lifetime ISA's) and about 10k in savings combined after April. + +I am a teacher and my partner is an optometrist. A concern I have is that I have been doing supply work for about 2 years now. My weekly take home pay has been pretty consistent and my annual earnings (after tax) is around £17,000. My partner is around £25,000 (after tax). + +We are looking at properties around £200k and spread the costs over 25 years. How likely are we to get a mortgage based on our total annual income? We both have excellent credit scores and obviously there are a variety of other factors to consider. I'm just worried that me being a supply teacher will affect our chances negatively. + +Edit: Should be noted that after Easter this year I'll be fully employed by a school earning £24,000 pre tax +Time for a year in review. For me the emphasis is on ugly. + +After a 67 percent drawdown and a margin call in March, I end up with a 37 percent loss for 2020. No need to say I told you so, for those so tempted. + +A near perfect storm of an accelerating decline with some sharp rallies, my big ego from a 55 percent gain in 2019, and being sick with the flu, led to some bad decisions. + +I had at least 50 percent buying power available when the downside started. That gets chewed up real quick on portfolio margin. I was faked out by many of the rally attempts. Obviously, I was over exposed to a sharp decline. + +When the margin call came, I moved most of what I had left to cash and regrouped. Overall I see myself as a cautious trader. I'm sure more than a few were wiped out and most of them tell no tales. + +The good is that I got off the mat, up over 40 percent from the account lows. The bad is that a 200 percent gain is needed after losing two thirds of the account. + +The good is that I have other accounts, that are way more conservative. + +I've gotten better about looking at the task at hand. The day, the hour, the moment directly ahead. My predictions are no better than coin flips, so I'll skip those. + +My rule number one is + +Live to trade another day + +This past year, I survived and hopefully am wiser for the experience. Happy new year to all. + +/Edit// +Several people asked about positions. Mostly short strangles on the big cap stocks and indexes. Rebalancing to near delta neutral was a train wreck because of the gap openings and volatility exploded. Again, I was very sick during this time so clear thinking was unavailable. + +Biggest thing I might have done different is move mostly to cash after say 40 or 50 percent down. Would have avoided the margin call and it is a lot easier to come back from + +Even 50 percent down is horrible but a 100 percent gain gets back to even. That compares to the 200 percent needed to overcome a 67 percent drawdown. + +I've been trading longer than I care to admit. Let's just say more than 10 years. +###NOTHING. + + +Hah, just kidding. But it's not *too* far off from the mark. + +* Safemoon was released on the 2nd March 2021, after core developer "Safemoondev" [copy-pasted the BEE contract line for line, changing the overall tax from 5% to 10%](https://editor.mergely.com/tNAqXd2g/). + + +* Safemoon to this day claim there was a *"fair launch"*, however in reality, Safemoon launched with zero announcements on March 2nd 2021, where immediately, several wallets purchased hundreds and thousands of dollars worth of a token listed at less than $0.00000000002 (10 zeroes, meaning one hundred bucks would buy you 5 Trillion Tokens **This price is correct as of March 5th, I have no earlier price entries**). + +* Public availability was then on the 8th March, [where the token price had already raised significantly to $0.000000001](https://currency.com/safemoon-price-prediction). At this point, new entrants were still getting billions of tokens for relatively small sums, but of course, the people selling got very lucky - these original wallets are widely speculated to be Developers & Friends/Family of developers, with investigation to confirm proof of this currently underway. Whoever bought between March 2nd and March 8th could've earned up to 4,900% + +* Safemoon enlists the help of several prominent influencers to keep the volume high and price pumping. Names such as Soulja Boy, Jake Paul, etc. [There is currently an ongoing Class-Action lawsuit alleging these influencers, and Safemoon dev team pumped and dumped Safemoon](https://www.fxstreet.com/cryptocurrencies/news/safemoon-price-plunges-in-response-to-class-action-lawsuit-against-jake-paul-nick-carter-and-souja-boy-202202220843). + +* An [original roadmap is published](https://i.redd.it/invnefpcizq61.png). This lays out a year's worth of activity. To this day, most items have been abandoned, or were released months late. + +* In May 2021, Safemoon reaches the All-Time-High of $0.00001094. If any Pre *"fair-launch"* wallets held, they are up 54,699,900%. A $100 investment at the start of launch would therefore yield $54.7m. Currently, the price is **-87.27% down from ATH**. + +* [The Certik Audit is complete](https://www.certik.com/projects/safemoon) and notes several major security flaws. Chief of which; + + > As a result, overtime the _owner address will accumulate a significant portion of LP tokens + + Remember this. + +* [The Wallet was supposed to launch at the end of June](https://www.reddit.com/r/CryptoCurrency/comments/p0i6kr/safemoons_performance_of_mental_gymnastics_in_the/). In early July, with no wallet in sight, the devs & moderators on the Safemoon subreddit & discord *pretend they have a beta wallet to test and claim to have distributed it to 500 people who signed an NDA to keep it secret*. It's now 8 months later and not one person has ever confirmed this wallet existed. At all. No redacted screenshots, no download logs. There is no proof of its existence. + +* The Wallet is now scheduled for end of August. A date has been set. Safemooners are utterly convinced it will bring them legitimacy and respect in the Crypto community. Finally, their first real and tangible product. August 28th rolls round and Billboards appear in London & New York advertising the wallet. CEO John Karony is hyping the launch 10 minutes before it is due to be released at 4pm. 4pm rolls around. No wallet. Nothing. Links to Google Play and iOS store redirect to the homepage. A whale sells trillions upon trillions of tokens 30 minutes before launch, causing a huge cascade of price over the next weeks. + +* [An independent company called Doxxlocker audits Safemoon](https://db70102c-bf65-41f3-abcf-4a0026b2dbdd.filesusr.com/ugd/8fd214_665d75779cd440389a8367fe209e307a.pdf). They use the previous flaw stated in the Certik audit as their jumping-off point. They discover that via the very same SwapAndLiquify function, an address did indeed accumulate significant quantities of tokens from the LiquidityPool. Those tokens were then wash-traded and sold on the open market. In total, over $68.4m in BNB & Safemoon were sold. + +* [Three team members simultaneously quit.](https://preview.redd.it/l8g6xio5aom71.jpg?width=345&auto=webp&s=19083c375455a7e18fac74415e37b67b53bbea8a) The Chief Operating Officer, Chief Blockchain officer and Chief Technology Officer. [Jack is now living a life of abject luxury](https://www.reddit.com/r/CryptoCurrency/comments/sq5vlh/this_is_how_the_exsafemoon_coo_lives_after_a/) despite "never owning any Safemoon". Prior to this, he worked as a part time DJ and twitch streamer. Kay. + +* [The Wallet is finally released](https://www.reddit.com/r/CryptoCurrency/comments/plait6/last_call_for_safemoon_the_curtains_are_drawing/). It has a non-functioning calculator, and many Safemooners notice it looks strangely familiar. It appears to have been built from the open source code of Trust Wallet. + + [\[1\]](https://preview.redd.it/54q7q8dde0g71.jpg?width=320&crop=smart&auto=webp&s=dca1610ebffeaeb78b6f08734fa6dc1531a37bc8), [\[2\]](https://preview.redd.it/lakkh7dde0g71.jpg?width=320&crop=smart&auto=webp&s=6d5b521e8583ad6d441dc34aaf10cc77d472da44) + +* After several updates, to give them credit, in a short amount of time the wallet was more of less functional. It was missing some features from the Roadmap. "Military-grade" encryption was nowhere to be found... and there was no buy button. + +* The "direct-buy" functionality finally arrives, brought to Safemooners via Wyre. Now you can buy Safemoon with just a 3.9% fee. That means if you buy 1 million Safemoon, you get 900,000 because of the 10% tax and it costs you 3.9% more. When you sell, you are taxed another 10%, [so buying Safemoon direct has a whopping 23.9% tax added on top. "ThE eVOlutION!"](https://i.imgur.com/YRB3nYo.jpg) + +* [Thomas leaves.](https://www.reddit.com/r/CryptoCurrency/comments/r6utx4/history_repeats_itself_another_highranking/) The man they called "Papa". The "Blockchain Wizard". He had no proven experience coding a single material thing and helped pepretate a story that he rejected a $2,000,000 job offer from Ripple. Thomas originally handed in his notice, then was convinced to stay. He didn't last long. + +* Bitmart is hacked and 28 Trillion Safemoon tokens are stolen and sold on the open market, crashing the price. Moonboys speculate this is only a good thing, as Bitmart will buy back the tokens at a higher price than the market sells, therefore the price will go up. Two months later, it appears Safemoon CEO John Karony has transferred Bitmart Billions of V2 tokens under the counter, profiting, while Safemoon investors are left holding the shit. They didn't even get reflections from the transfers. + +* On Halo Infinite's release day, investors start to demand updates to Roadmap items. Many things were promised before the end of the year, such as the Blockchain and Exchange. [CEO Karony tells them "Hush, Halo time"](https://i.redd.it/3v4pwgymsk481.jpg). Not once. [Twice.](https://i.redd.it/bwfzctbyek481.jpg) + +* Now it's time to upgrade the contract! Apparently, the reason there is no Safemoon Blockchain, Safemoon Exchange or major Exchange listings are because this token has too many decimals (quick, nobody mention Shib!) so a reverse-split happens, where Safemoon tokens are traded 1000:1 for Safemoon V2. + +* The "upgrade" is botched. V2 trades at a higher price, and major arbitrage happens. People sell V2, re-buy V1, trade it for V2 tokens and sell, repeating the process to profit. V2 wallets aren't receiving reflections properly. [The community is furious and turns on itself](https://www.reddit.com/r/CryptoCurrency/comments/ri4iam/amidst_a_botched_upgrade_943_of_safemoon_holders/). + +* Safemoon puts their best minds together and comes up with a plan [to implement a 100% tax on the V1 token](https://preview.redd.it/3lpq6vj3uh881.jpg?width=354&auto=webp&s=c335b14faf664baf24e66a5f2ec34beddc1a9499), confiscating any funds transacted into the liquidity pool. They signal intention to do this just 1.5 hours before implementing the 100% tax. Many, many, many investors lose thousands and thousands of dollars. Safemoon has not mentioned any plan to reimburse these folks. [Currently, a second Class-Action lawsuit](https://np.reddit.com/r/SafeMoonCase/comments/sztaht/the_wheels_are_in_full_motion_safemoon_class/) is brewing because people rightfully feel like Safemoon has stolen their money.