diff --git "a/reddit_finance_43_250k_372.txt" "b/reddit_finance_43_250k_372.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_372.txt" @@ -0,0 +1,10000 @@ +***Question:*** Have you noticed how GameStop Corporate has conducted themselves time and time again publicly? + +*I am NOT* talking about *RC* and his amazing ***Easter Egg Tweets*** and please do remember he wasn't even officially part of GameStop until YESTERDAY June 9th! (sadly as a result it is possible that we may not see many tweets from him for a while now that he is Chairman - kinda like DFV going dark for a month or so to prove haters he isn't manipulating anything about the stock - or - @ GameStop on Twitter's amazing Marketing effort with their witty, and knowledgeable multi-generational gamer folklore, pop culture n meme referencing greatness. (Marketing Apes please help me clean that up) + +# I'm talking about the GameStop Corporate MOVERS N SHAKERS who have shown the public eye nothing but a Master Class on by-the-book GENUINE BUSINESS CONDUCT during this entire unprecedented event + +***CLAIM:*** + +RC is "earning GameStop Corp immunity" (lawyer Apes please chime in anytime here) in the many Court battles to follow this 2021 saga by saying Foooook your lawsuits we didn't do anything except do what a publicly traded company is supposed to do by offering shares when we needed cash for growth and a new vision for the future of OUR company or what exactly is the point of bein a publicly traded company then? **THAT'S WHAT SHARES ARE ACTUALLY FOR KENNY BOI** + +**Checkmate.. in 2 moves. šŸš€āœØ** + +**Ok ok maybe more than TWO moves but give a Hawaiian Ape who goes to bed every night at premarket a break - RC 8D chess analysis ain't easy** + +Besides ALL that motivation above, RC and GameStop have way more important items of business post MOASS than listening to more Foookin whiny former billionaire tearing up on CNBC. + +TL;dr BUY>HODL>SHOP>BUCKLE UP + +&#x200B; + +[RC APE WITH MORE HANDS THEN YOU KENNY BOI AND ALWAYS ONE STEP AHEAD - ENJOY THOSE NIGHTMARES -](https://preview.redd.it/da0qts5hbl471.jpg?width=1200&format=pjpg&auto=webp&s=288907cf364d88b51dc6e87d10487003c81ab50f) + +I dedicate this post to u/CliffeyWanKenobi who helped ThIs LoSt aPe get back on track earlier today. Another testament as to why this COMMUNITY is so great. + +Mahalo my Apefrens šŸ¤™šŸ½ + +[GME\_HAWAII\_NEI](https://www.reddit.com/r/GME_HAWAII_NEI/) +Dude is a total Keynesian and has drank the Federal Koolaid. Almost willing to bet the phrase "It's not Quantatative Easing" will come out of his mouth. I really want to bring up something that trips up his economic viewpoints so my cousins and I have something to chuckle about when we're on the boat that I bought on Craigslist. If anyone has anything they potentially want said to slowly chip away at the Federal Reserve from the inside, now is your chance. +Nearly 4 years ago, I submitted a [post to this sub](https://www.reddit.com/r/personalfinance/comments/1vvqgy/read_this_before_thinking_about_touching_your/) imploring people to think about the financial ramifications before touching their retirement savings. I urged people to consider the power of compounding and the wonders it can produce if allowed to work its magic. Also within that post, I mentioned that I strived to become a 401k millionaire someday, and this week, thanks to years of consistent savings and a long bull market, that goal [has come to fruition](https://i.imgur.com/ihNtSod.png), at the ripe age of 45. The following table shows my annual out of pocket contributions, and below that I will share my story. + +Year|Employee 401k contribution| +:-|-:| +1995|2,800| +1996|6,100| +1997|8,800| +1998|9,900| +1999|10,000| +2000|10,500| +2001|10,100| +2002|10,300| +2003|12,000| +2004|13,000| +2005|14,000| +2006|15,000| +2007|15,500| +2008|15,500| +2009|16,500| +2010|16,500| +2011|16,500| +2012|17,000| +2013|17,500| +2014|17,500| +2015|18,000| +2016|18,000| +2017|17,000| +**Total**|**308,000**| + +First, I want to iterate that I do recognize how fortunate and privileged I am to be able to achieve this milestone. I am extremely lucky to have been born without any major disabilities or health issues, and I am very grateful to be able to participate in a society where the opportunities and resources to achieve personal successes exist. Furthermore, I believe I was lucky to have been born into extreme poverty, for it ignited a fire within me to do everything within my power to escape my circumstances. I refused to allow my situation to define me, and I focused my time & energy on the things within my influence to improve my life. + +Because I grew up in poverty, I've held a job in some form or fashion since I was 10 years old. The ones I worked in my youth were tedious and low paying, but they taught me to not be afraid of hard work. They also motivated me to find better & higher paying jobs, and to that end I pursued getting my education since I lacked any special gifts or talents for earning a lot of money easily. My youth was not like that of most people I know. It was comprised entirely of school, work, and study. There was little time for leisure, and even during school breaks I would borrow books for the subsequent semester to get a jumpstart on the material. Thankfully the effort paid off, and I was able to do well enough in school to qualify for some scholarships for college. I went to the cheapest institution I could find, and when choosing a major, I decided to pursue engineering as it suited my strengths in math & science *and* offered careers with higher earning potential, as opposed to one that simply followed my passion (art). + +Upon graduating college (with around $10k in student loans), I landed my first professional job, which paid a handsome annual salary of $28k. I continued living intentionally and aligned my actions to my values & priorities. As Dave Ramsey is known for saying, "live like no one else now, so later you can live like no one else". I was accustomed to living in poverty, so I knew how to survive on a lean budget. Achieving a financially stable and secure life was more important and rewarding to me than stuff I could accumulate or luxurious experiences I could buy, which allowed me to avoid the YOLO mentality and FOMO mindset. Also, as a Gen X-er, I started my career in an era of disappearing pensions and the advent of outsourcing/offshoring. I watched good paying, stable jobs disappear overnight, and loyal, long term employees left suddenly without the incomes and secure retirements they had come to expect. That motivated me to treat my income like lottery winnings, and maximize my savings rate to ensure that I never had to worry about relying on a job for survival or face the prospect of being in poverty again. + +I wasn't the most knowledgeable investor, and didn't learn about low cost passive index funds until my late 30s. However, I was fortunate to work for a company early on in my career that explained the power of compounding and the benefits of tax advantaged savings, which encouraged me to participate in my 401k program. I knew I had a long investing time horizon, which helped me to develop a high risk tolerance and feel comfortable with putting most of my contributions into equities. I ignored short term market volatility (which many of my coworkers had trouble handling during the 2000 and 2008 recessions, to their unfortunate detriment), and as I gained work experience & skills I strategically job hopped to pursue higher income opportunities. I looked for jobs with solid 401k benefits, such as low fees and generous employer matching, so that I could continue to take advantage of that savings vehicle. + +Achieving any long term goal requires consistency and discipline, and the ability to break it down and attack it one small bite at a time--while keeping an eye on the larger prize. It's no different for finances, and each of us has to decide if it's worth making some trade offs today in order to have a brighter and more abundant tomorrow. I've had some people tell me that it's important to enjoy the present, as there is no guarantee that there will be a tomorrow. However, the reality is that tomorrow will likely come for most of us, so it's prudent to plan for it. +Hi all, + +I am looking to invest roughly $650,000 CDN into VGRO on Questrade (recent from an inheritance). I have never made such a large purchase before through a brokerage, is there anything I need to know? + +I usually send in a limit order at a cent above the ASK price. I read somewhere about there being fees if the whole trade cannot be processed on one day? + +Thanks! +If you look at 5 years graph, it usually has a positive growth on Jully. I think it worth monitoring a probably a buy around April base on historical data. + +I have no idea why it was overvalued so much last year and what has caused the down trend. +https://www.google.com/amp/s/beta.ctvnews.ca/national/politics/2022/4/6/1_5850968.html + +"The government is set to follow through on a series of 2021 Liberal campaign commitments as part of the 2022 budget, including implementing a new ā€œTax-Free First Home Savings Accountā€ that, if it mirrors the platform promise, will allow Canadians under 40 to save up to $40,000 towards their first home." + +Does this mean we will have a more (at least semi) formal announcement tomorrow when Freeland speaks tomorrow ? +Shares of Indiaā€™s [Yes Bank Ltd.](https://www.bloomberg.com/quote/YES:IN) plunged after the central bank deferred approving another three-year term for Chief Executive Officer Rana Kapoor, while allowing him helm the bank for the time being. + +... + +RBIā€™s decision on deferring the reappointment ā€œis a cautionary noteā€ for all bank CEOs and would nudge them to bring in more transparency, Rakesh Kumar, banking analyst at Elara Securities Ltd., said by phone. + +Link: [https://www.bloomberg.com/news/articles/2018-08-31/yes-bank-plunges-as-india-defers-three-year-extension-for-ceo](https://www.bloomberg.com/news/articles/2018-08-31/yes-bank-plunges-as-india-defers-three-year-extension-for-ceo) +The common advise is to invest in growth plans over dividend for multiple reasons. Main one being growth option offers compounding. However, when I test that with past 5 years of prices, it barely makes a difference. Can someone explain how exactly compounding works with index MFs? + +&#x200B; + +**also, what is the difference between UTI Index fund -Growth plan and Dividend reinvestment plan - both seem to offer the compounding advantage , going by the name.** + +&#x200B; + +Example of calculating returns on 10k invested 5 years ago: + +NAV of UTI index fund (growth) on Feb 2016: 47 + +NAV of UTI index fund (dividend payout) on Feb 2016: 24 + + +So units purchased would be: + +for growth : 10k/47 = 212.7 + +for dividend: 10k/24 = 416.7 + +And after 5 years: + +NAV of UTI Growth index funds on Feb 2021: 90 +NAV of UTI dividend index funds on Feb 2021: 45 + + +Profit from growth case: 9146 (212.7x43) + +Profit from dividend case: 8750 (416.7x21) + +**That's hardly a 4% difference. Was I wrong in expecting a larger difference between the two?** +I'm 21 right now and I'm currently thinking to start investing for a longer period till the date of my retirement, went through INDmoney app providing many different AMCs, Mutual funds, returns etc. + +Need a guiding hand ;) + +thanks. +Not that it's specifically related to Indian investments, but still, it's a good read. The link below opens a PDF. + +http://www.berkshirehathaway.com/letters/2017ltr.pdf +I recently read Knut Svanholmā€™s ā€œBitcoin: Everything Divided by 21 Millionā€ and within the book there is a section that discusses all of the various ways we are taxed on our time. + +There are direct taxes that impact me and my earning potential such as income taxes, property taxes, sales taxes, payroll taxes, stateĀ and local taxes. There are also indirect taxes that affect me in ways that are a bit more difficult to quantify like inflation (an invisible tax that diminishes the purchasing power for the dollars I keep) and corporate taxes (revenue that could have all or in part gone into employee salaries). + +Months prior I listened to a podcast with Robert Breedlove where he discussed the idea that oneā€™s effective tax rate is a representation of how much a slave one is to the state. A statement I felt was bold, but the argument was interesting: what is slavery if not a 100% tax on your time and energy? + +I decided to take the challenge and determine how much a "slave" I really am. I reviewed my paycheck, my property tax bill, my monthly purchases and my state tax rate. The result ~~surprised me to say the least~~ **sounds about right**. + +Here are the numbers represented **as a percentage of my gross income**: + +* Federal Income Tax: ~~26.16%~~ **17.36%** +* State Income Tax: ~~10.66%~~ **7.08%** +* Medicare Tax: ~~2.16%~~ **1.44%** +* Disability Tax: ~~1.64%~~ **1.09%** +* Social Security Tax: ~~9.25%~~ **6.14%** +* Property Tax: ~~4.94%~~ **3.28%** +* Monthly Expense Sales Tax (@ 7.75% rate): ~~2.71%~~ **0.15%** +* **Total Tax:** ~~57.52%~~ **36.53%** + +And thatā€™s just explicit taxes. The latest Consumer Price Inflation print for June 2022 was 8.6%. Simply adding the CPI figure into the sum puts me at a ~~66.12%~~ **45.13%** total tax rate. + +For every 3 hours of work, the value created by 2 is taken from me and given to the government. + +I am ~~66%~~ **45%** ~~slave~~ **serf**. How about you? + +EDIT: + +There were essentially 4 types of comments: + +1. "You're a moron and did your math wrong." These people were right. Totally did my math wrong and have updated the values. +2. "You're a moron to compare your lifestyle to slavery." I don't know if they are right, but slavery does have a harsh association with it so I'll go with "serf" instead. +3. "You're a moron and bitcoin doesn't fix this." My post didn't say that it does, but it does. Bitcoin cannot be confiscated and cannot be inflated to more than 21,000,000. By these features alone, the total tax rate on the individual would be lessened. +4. "Roads." Yes, I use roads. However, I think the collective population would be a better, more efficient capital allocator than most government. +So here is the thing. I am the owner of a mortgage free flat in Surrey (commuter town). I initially bought it instead of buying in Central London as I quicky became priced out when I was looking a few years ago. Given the current market and a change in job, I am looking to sell the Surrey flat and buy a flat in Zone 2 but would need a mortgage to do that. +Is that a stupid financial move moving from being mortgage free to having a mortgage just to be closer to London? Part of me is hoping that prices in zone 2 will be more sustained than a flat in a commuter town (where people are more likely to want houses), but the other part is wondering if it is wise to take on more debt just to be in a more convenient location. Am I being stupid? +Hello, + +I have had an interview for a new position. I did my research into how much I believe I am worth. I am currently on 35K, so went in at 40-42K, expecting to settle on 40 or 41 after negotiation. However when I said 40-42K, she said the role pays up to 45K, but then wrote down on her sheet 40-42K. What's my best play to get the 45K if successful instead of the 40-42K now she's written that down, without souring the relationship? + +Thanks, + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. 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: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[šŸ“š Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ“š Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ’” Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[šŸ“ˆ Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [šŸ—£ Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [šŸ¤” Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ’» Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ“° News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ¤” Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ‘½ Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ“³ Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [ā˜ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL šŸ’ŽšŸ™Œ](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[šŸ“£ Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [šŸ“† Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ† AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸšØ Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ“– Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [šŸ”” Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [āŒš Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ„“ Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"šŸ’» Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Hi all, + +I want to fully automate my trading. + +Currently, I have backtested a strategy that I have developed (behavioral prediction model consisting of technical and fundamental values) with quite decent results. + +My question is how could I achieve the following: + +1. set up a screener for NYSE, NQ, AMEX stocks based on my criteria ( some of them are a bit complex) +2. Get alarms if the criteria from my strategy are getting triggered +3. Trade the alarms fully automated via Interactive Brokers +4. Automated Portfolio Management( x% of Equity risked per trade etc..) + +Questions: +- what kind of architecture do I need? +- Screener via Python? +- Do I need an external data feed for that? ( yahoo finance, Polygon etc?) +- Will the IB API allow all of that? + +Apologize if some of the questions are a bit stupid, but I am no Software Engineer;-) + +Thank you so much! +I may be projected to make $40-$45k next year, Iā€™d have to work almost non stop with a week vaca. Unsure if this is right for me anymore, I used to make 60k+ working for a a company with benefits. Tried to work on my passion doing barbering and honestly not sure if itā€™s worth doing 45+ hours a week for less pay and to break my back all day. + +Itā€™s making me question my career change, I still love what I do and Iā€™m struggling to see the benefits. Contributing to my RRSP to lower my income seems pointless, my take home after HST is peanuts, can anyone chime in on this? +-32 single, TFSA maxed, no property, no debt +Gonna share this here as seems like something some of you wouldnt want to miss out +~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ + + +I have been in and out of many of the Moon and Doge copy tokens and even though I always do my research I had never been able to shake that fear of being rugpulled. This coin is has changed that since it is backed by Harmony ONE's exchange Mochiswap. That's right, this shitcoin is actually backed by the Uniswap of ONE. + +Now Mochiswap have been straightforward in explaining that this token is an experiment but the fact that it is backed by the exchange it can be purchased on is MASSIVE! And then when you throw in that the portion of the fee that locks liquidity actually benefits the mochiswap exchange you have the first real innovation in these autostake tokens I have seen. + +Given that this is the FIRST meme token on the Harmony ONE ecosystem as well, there is huge potential since it has first mover's advantage + +Tokenomics are similar to SAFEMOONS: + +5% of the fee is distributed as ONEMOON to existing holders. +2.5% of the fee is used to create permanent/irreversible locked ONE-ONEMOON liquidity using Mochiswap LPs. THIS IS HUGE! This gives Mochiswap a BIG reason to work towards the success of ONEMOON, as their exchange gains stability from every transaction! +Telegram is: t.me/mochiswap + +Site: http://onemoon.mochiswap.io/ + +Tracker: https://onemoon.watch/ + +Buy here: https://one.mochiswap.io/#/swap (just type in onemoon to find it) + +Instructions for setting up metamask here: https://docs.harmony.one/home/network/wallets/browser-extensions-wallets/metamask-wallet (using the harmony address instead of the 0x address took a little head scratching for me to get it). + +As always DYOR and hopefully we can all MOON together. Seriously excited for this +Hello All, + +Im 25 y/o and work in consulting making $110k a year and about to purchase my first rental in the next month or so. + +Iā€™m looking into switching careers and wanted your opinions on good corporate jobs or RE related jobs that would benefit my long term approach to REI. Thanks! +I've been looking to empty lots to invest in. I've seen a ton of cheap lots in California, especially around California City, where it looks like they have entire subdivisions that have been undeveloped for well over 20+ years, out in the middle of the desert, and all the lots are literally dirt cheap, which makes sense because the land is useless and nobody wants to live their. But I see the same thing in Florida cheap empty lots in undeveloped subdivisions mostly on the Gulf and central part of Florida. They seem like they would be good, an acre lot an hour away from Orlando for under 6k, but something is off, the whole neighborhood is undeveloped, and I feel like their is something they're not saying. Are they all in flood plains or something? or the need for more houses hasn't grown enough yet? (that would make it a good investment) Where is the best place to invest in cheap vacant lots? I feel like there is a catch to everything and all the agents are hiding something. +Hi, I'm new to the investing game and am saving up some money now for my first purchase in the next couple years. I've heard some people talking about convincing landlords and motivated sellers to finance deals. What would their motivation be for financing a deal and how do you convince them to do that? Thanks so much! +Hey folks, curious how many out there are slow churning their primary residence to 1) qualify for Section 121 exclusion, and 2) value add to their primary to climb up market. How many times have you done it and what risks have you encountered that did or didn't pay off? Seems like you'd need value-add since appreciation wouldn't help if staying in the same market. Did you start value-add when you moved in or before you moved out? What changes brought the most bang for the buck? + +Quick on Section 121: [https://www.irs.gov/taxtopics/tc701](https://www.irs.gov/taxtopics/tc701) +Hi guys- I'm interested in buying a second rental house but have heard so many horror stories (on this sub) about being a landlord or working with management companies that I'm hesitant. I don't trust my experience with my current rental to be the norm because I live next door and the management company has been completely on the ball. I just get a direct deposit once a month and never think about it except for when we replaced a furnace that was 32 years old. + + +As a small business owner for over 10 years I believe I have a high tolerance for "shit happens" and don't hesitate to spend money when it needs to be spent. I also think I am running the numbers well, at least as far as I can tell according to my research and study, and think I can have positive cash flow in the long run. My ultimate goal would be to quit my day job eventually and live off rental income and pet projects I enjoy. + + +Does every single landlord live a life of hell and stress or do some have happy content lives with low stress? AM I seeing a bias because you don't post in places like this when things are good but we certainly do when things are bad? + + +I appreciate your feedback! +Is there a way to change your offer after itā€™s been accepted? Havenā€™t signed anything yet. + +Offer is on a house! + +Does anyone have experience with this? +Just think how fast weā€™re gonna lock the float, +If they drop the price to under $50 its gonna be at three times as fast than on $150. + +Also donā€™t forget insiders bought at around $100, imagine how much they would buy at 50-40-30-20$ (if we would reach that low ever again lol), also GameStop have located around 100 million for share buybacks should that ever be neccessery. + +We have zero to worry about, the stock dividens split is coming, the marketplace is coming and probably much more that we may not even know yet. + +If you get worried about the price dropping, lock your phone/computer, go drink water, go for a walk and go ZEN. + +No one is selling, apes got apes back. +Love yaā€™ll crayon eating bastards! +Damn, this sub is ACTIVE! It's like r/The_Donald of Crypto. No, I am not a crypto Millionaire. Actually fairly new to the game. Just wanted to plan for when I do hit a million. I may start applying for citizenship in other countries now so that when I have my cash, I'll be ready to go!! haha. Thank you all for the replies!! +Hello UKPF, hopefully you can help. + +I work for a government owned company in a role I enjoy. The company is employing more people to work in the same role as myself. The job advert is word for word my job description, experience and title...except for Ā£10k more than what me and my current colleagues are earning. + +Weā€™ve all applied (to see what would happen) and have subsequently been rejected. At first, we were told weā€™d ā€œanswered a question incorrectlyā€. When challenged, HR confirmed it was actually because we are already in this role. + +When I queried why I wasnā€™t receiving equal pay for equal work, HR acknowledged that there are some pay disparities company wide that they are looking into, ā€œbut there is no timescale to resolve thisā€. + +I feel undervalued and frustrated. Do you have any advice outside of continuing to escalate with HR? Many thanks for reading. +# Note: + +I am not a financial advisor. I am an engineer with a strong stats background. These are my thoughts and findings. + +# Let's Begin with Some Learning: Defining Dividends + +This entire theory stems around how the dividend was used to hide any price manipulation and other tomfuckery so we gotta start with defining the dates and shit. + +When you check out dividends, it'll have (4) different types of dates that surround it: + +* Declaration / Announced Date +* Ex - Dividend +* Record Date +* Payable Date + +Here is an example I pulled from the [SEC website](https://www.investor.gov/introduction-investing/investing-basics/glossary/ex-dividend-dates-when-are-you-entitled-stock-and) to describe these dates: + +[Defining Dividends](https://preview.redd.it/wg0k2jqduer71.png?width=624&format=png&auto=webp&s=2162273dba0abe569d69e54d32acf68e1b75c46d) + +# Some Quick GME History: + +TLDR: GME gave a cash dividend from 2012 to 2019. + +# Mathemagics + +The table below lists the dates important to the dividend along with related values. + +Sources: + +Ā· [https://www.nasdaq.com/market-activity/stocks/gme/dividend-history](https://www.nasdaq.com/market-activity/stocks/gme/dividend-history) + +Ā· [https://marketchameleon.com/Overview/GME/Dividends/](https://marketchameleon.com/Overview/GME/Dividends/) + +[GME Dividend Dates](https://preview.redd.it/l3wfh765ver71.png?width=811&format=png&auto=webp&s=dd849350bcb4861a4200e72a009e6b3071db3dc5) + +Here are the closing share price relative to the above listed dividend dates. + +[ Closing GME Share Price with Dividend Dates Highlighted](https://preview.redd.it/cwufnvmiver71.png?width=1064&format=png&auto=webp&s=03944d9ae5edaf4c2ab15fd8202af77cb6840f33) + +# This is where things start to get weird.... + +For a while, GME didn't seem to announce when the dividend was going to happen until like 2015 so here is a zoomed in graph of that time period. + +[Zoomed-In Dividend Dates with GME Share Price](https://preview.redd.it/p4m7zayuver71.png?width=1088&format=png&auto=webp&s=5844b3af6150d3980ecd0b06a0a1f9b3924a7d81) + +If we were to subset the data such that we only view the dates when these specific events occurred and graph them with their corresponding share price, we get the follow graph. Nothing really too interesting-ish. + +[All Dividend Dates with Corresponding Share Price](https://preview.redd.it/wp3640o51fr71.png?width=1353&format=png&auto=webp&s=449096a425d9f898d9522d8171c81e97f3ca9e4d) + +However, since the announcement dates didn't begin until 2015, I went ahead and did some further isolation to focus on this time frame. What's bonkers about this is the extremely high R\^2 values comparing the share prices with the corresponding dates. I also added the surrounding share prices that weren't part a dividend related date to show how linearly the share price was decreasing. + +[Share Price and Dividend Dates](https://preview.redd.it/5b487yfc2fr71.png?width=1360&format=png&auto=webp&s=2403b4222480f457b6d82cfd369dc6af07d19cff) + +Despite how GME was a failing brick and mortar company, the dividend value increased despite how the share price was dropping. (This will be important for later. Not now, but later). Let's quickly define the dividend yield and it's relationship to the share price: + +[Dividend Yield Calculation](https://preview.redd.it/a81e553v3fr71.png?width=711&format=png&auto=webp&s=7bd250d55eb084ce877a7f668e998ea8f932e61f) + +[Dividend Yield, Change, and Share Price](https://preview.redd.it/1438fqf0zer71.png?width=1520&format=png&auto=webp&s=ee07fa93e5cb3c971e044140cdcfacf6ed225f19) + +Here's another way to look at the data showing the linearity of the dividend yield versus the share price further exemplifying how as time continued, the dividend yield increased. + +[Increasing Dividend Yield as a function of Time](https://preview.redd.it/y26pog3f3fr71.png?width=1305&format=png&auto=webp&s=4cf1529f92a6ae721ca1397f2244e83dd7e4ab3e) + +While the argument can be made that an increase in dividend was made to increase the attractiveness to retail investors, I personally would argue against that solely due to the stupid fucking high amount of this fucking dividend. + +Just to get a better comparison how fucking stupid high this dividend amount GME was pumping out at this time, here is a current list I quickly pulled when I googled "high dividend stock average." Here is the first [link](https://www.nerdwallet.com/article/investing/how-to-invest-dividend-stocks) that came up. + +[quick snap shot of current high dividend stock but you get the idea. ](https://preview.redd.it/1n1erdhx5fr71.png?width=962&format=png&auto=webp&s=0c57d018e4531d042016751f44660a6006ae3d9b) + +GME passed this list in like 2015 and almost even doubled it during 2018 / 2019. Now, that the dividend has been beaten to death, + +# Time for Some More LEARNING!!!! + +As a sanity check, let's do some basic investing learning just to cover our bases as to why other tickers could see the same thing. Pulling from [investopedia](https://www.investopedia.com/articles/active-trading/090115/understanding-how-dividends-affect-option-prices.asp) detailing how dividends relate to options volume: + +*The payment of dividends for a stock impacts how options for that stock are priced. Stocks generally fall by the amount of the dividend payment on the ex-dividend date (the first trading day where an upcoming dividend payment is not included in a stock's price). This movement impacts the pricing of options. Call options are less expensive leading up to the ex-dividend date because of the expected fall in the price of the underlying stock.* + +*At the same time, the price of put options increases due to the same expected drop. The mathematics of the pricing of options is important for investors to understand so they can make informed trading decisions.* + +The key take away is.... + +# Calls are cheap AF on the Announcement and Ex-Dividend Date + +# So if I were a corrupt, greedy asshole.... + +with a bunch of naked shorts that may or may not need to be "covered," I would probably want to buy calls to to cover these naked shorts when they were the cheapest. (Un)fortunately, I'm just an asshole so I, as a retail investor, don't do that shit. Going back to the mathemagics and data... + +# Some MORE weird shit but with options + +GME is shorted to shit so I pulled the options data from market chameleon. That data only goes to like 2013Q3 to present so that's what we're going to see below. + +Since the dividend seems fucky, I added those dates in as well to see what the fuck was going on. Immediately, one can see how the announcement date often has both the highest IV30 as well as the highest volume just overall during the this 2013Q3 to 2019Q1 - ish time period. + +[Options Volume and IV30 with Dividend Date](https://preview.redd.it/bsy398bz9fr71.png?width=1283&format=png&auto=webp&s=757992b565af20010df05b82cca28348ffb9ce57) + +Let's also add the overnight change because that was a significant variable I used to estimate August 24 mini squeeze so for more data dumping. + +[Options Volume, IV30, and Overnight Change with Dividend Date](https://preview.redd.it/runuu9cojfr71.png?width=1353&format=png&auto=webp&s=334654995f73a5073126e410ce26cb8cdbd04ace) + +Let's see how the daily options volume compares to daily trading volume. I even extended the time frame to mid-2020 for better comparison. Cool. Cool. Cool. Days with the most options volume are the same days with the highest trading volume. + +[Daily Options Volume and Daily Trading Volume](https://preview.redd.it/q2rdecisafr71.png?width=988&format=png&auto=webp&s=7086310bf4f1f235ca84c0e7dcb48f00b35b056a) + +# Let's put it ALL Together!!! + +[Close, IV30, Volume, Options Volume](https://preview.redd.it/0cen105vkfr71.png?width=1517&format=png&auto=webp&s=6fa0354435e5f46b03b55935af128f288a8808c2) + +# Back to our Roots + +From a DD I did a while I ago, I identified this dates as the most significant: + +[Basically One of my Favorite Tables](https://preview.redd.it/v6m3bwv8lfr71.png?width=513&format=png&auto=webp&s=9e8c7915c1745312d56aec6bf063a7abb40aac77) + +Joining those dates I was able to isolate with the first dividend table and calculating the net total days, we get!!! + +[Dividend and Significant Dates](https://preview.redd.it/utmrpt0glfr71.png?width=1256&format=png&auto=webp&s=b25ef992ff4fa08e8324bdffac1b951822b36d74) + +Let's make a graph of those net days + +[Net Days from Isolated Dates and Dividend Shit](https://preview.redd.it/5ukth45klfr71.png?width=1087&format=png&auto=webp&s=e4641ac16a35998308f06f5a07797d717d31e1d1) + +# What does it MEAN + some tin foil hatting-ish + +Many have stated that if we know this shit is going on, they can change the algo. I don't think they can because of potential reasons that are not verified: + +* There is no one to do the programming. + * The original people that programmed this could be dead so no changes have been made. Who knows how long this thing has been going on? + * The most recent programmers left. +* They literally don't even know how to. Since this is a black swan event and so many variables are going bonkers, there is no model to use to even know which variables to change. +* They potentially only have 1 shot at fixing the script. It's done ok thus far so they let it keep doing what it's been doing and pray for a bailout. +* The fear of making even the smallest mistake and causing a crash aka MOASS. + +# Key takeaways + +* GME experiences quarterly swings due to the IV30 values which were entered around a dividend that was previously given. +* Call options are bought around this time to make it appear as if the naked shorts are covered because call options are cheap AF. +* Although this dividend is no longer in play, the algorithm still is acting as if it is and thus we see mini squeezes around when a dividend would have been given out. This is why we see repeating dates. +* My current guess for the next mini squeeze is November 23, 2021 (11/23/21 -- Fibonacci Sequence Day and also an almost numeric palindrome.) + +# Why the January Squeeze? + +TLDR: Taxes + +# To be continued.... + +# TLDR: + +* The share price is manipulated. +* Keep those hands diamond. Those balls titanium. And your butthole clenched. +* Hold the line. +* November 23, 2021 + +Edit 1: I forgot to get into the sideways trading bit but I guess that's for next time. + +Edit 2: [tweet](https://twitter.com/pwnwtfbbq/status/1445014638979006465?s=20) + +Edit 3: wording and typos + +Edit 4: Removed duplicate texts. + +Edit 5: Change 11/23 to November 23, 2021. + +Edit 6: Had to clarify why I think the computational algorithms can't be changed. + +Edit 7: Added more about the algos not changing due to the lack of programmers that know how to do so. + +Edit 8: Removed more duplicate writings. +Looks like the SEC is making moves here to not only clamp down on ICO fraud but potentially regulate the entire space. Them moving to call this a security is pretty huge. They also referred to the DAO mess over the summer as a securities offering but declined pressing charges at the time. + + +https://www.bloomberg.com/news/articles/2017-12-04/sec-halts-ico-that-promised-investors-13-fold-profit-in-a-month +Sup? Magna International has been on a steady climb up. They recently promoted their CTO to CEO and from interviews I've heard he's got a good head on his shoulders. Q4 results were great. They raised their dividend and profits and revenues rose. Balance sheet looks good. They service major OEM's and will play a crutial role in the EV industry. The semiconductor shortage doesn't seem to bother the CEO and he said issues should be resolved by the end of the year. Magna is building an EV with Fiskar and is rumored to soon work with Apple too. + +Does anyone have a bearish case for Magna? I'd like to know because long term I see growth. All major car makers are planning to switch their entire product offering to fully electric by at least 2030. Magna can benefit from the business. +Good day folks, I got about 10 grand in my tfsa (wealthsimple) and I got about another 15 grand in my savings account. Iā€™m 21 and willing to take the risk obviously, just wondering if I should be putting more into the market. Any info helps! +For a nurse working for a hospital in BC that has a pension plan as part of his job benefits, does opening an RRSP account on your own have any value? Does the job pension plan affect the RRSP allowable deductions or is it completely separate from any self RRSP concept? +What Happened: In an interview with Washington Post columnist Josh Rogin, Gen. David Thompson, vice chief of space operations for the new military branch, accused the Chinese and Russians of using lasers, radiofrequency jammers and cyberattacks against U.S. satellites. + +>ā€œThe threats are really growing and expanding every single day,ā€ Thompson said. ā€œAnd itā€™s really an evolution of activity thatā€™s been happening for a long time. Weā€™re really at a point now where thereā€™s a whole host of ways that our space systems can be threatened.ā€ + +Do you this having an effect on stocks in your mind? Invest in companies working for militaries? +A year or so ago when bitcoin was not mainstream at all, I had some spare cash lying around from my tax refund.. I read up on bitcoin and found it to be interesting.. and honestly.. I thought of it as a good LONG TERM investment. I plunked down $1,500 (give or take), and purchased some coins. I transferred them to a Bitcoin client wallet, encrypted it, and while playing around with the damn thing.. FORGOT the encrypted wallet password. It drove me NUTS for a few weeks.. as $1,500 is a lot of money to someone my age (I'm 25). Eventually I just gave up. And it really gnawed at me.. but I was convinced that the wallet.dat file itself was corrupted because I was positive I knew the password (I'm not very password clever) or some variant of it. Over this past year I saw BTC rise, fall, rise, fall, and now rise.. and it was on my mind the last few weeks.. just couldn't let it go. + +You know when you're lying in bed and have an epiphany moment.. that happened about an hour ago and I thought "did I ever add an "!" to the end of what I'm SURE was the damned password?" Got up, pulled that wallet.dat file off a USB (which I was sure was lost forever into the ether), tried the password with a "!" at the end.. and OMFG. BAM. + +THIS has got to be one of the happiest days of my LIFE. +$1,500 dollars and a year later.. + +Took a screen shot: +http://i.imgur.com/N27pAUF.jpg?1 + +Now WTF do I do?!?! + +EDIT: changed the image hosting +EDIT 2: added blackbox on top of blur +I do purely automated proprietary trading for a large wall street firm. Asset classes are US and international equities and index futures. + +I worked on a commodity options desk once, so I can answer questions about that too. + +I have a BS in math from MIT; I specialized in statistics. +One baseless claim crypto-critics make is that it has no use-case, is a ponzi scheme, and a blockchain is a less-efficient database. However, when top-ranked colleges and universities offer courses on blockchain and crypto, it leads me to believe there's something there worth exploring. + +&#x200B; + +According to [this study](https://blog.coinbase.com/the-rise-of-crypto-in-higher-education-81b648c2466f) from 2018 (surely the number is higher currently), 42% of top 50 universities offer a course in blockchain or cryptocurrencies. Here's a list of schools offering courses in crypto that I know of or was able to find with a quick search, in no particular order. If you know of any more, please comment and I'll add it to the list. + +&#x200B; + +* MIT +* Harvard +* Cornell +* New York University +* Princeton +* Columbia +* Stanford +* Carnegie Mellon +* Duke +* Georgetown +* UC Berkeley +* U Illinois +* Cal Tech +* UCLA +* U Texas-Austin +* UPenn +* John Hopkins +* Northwestern +* University of Sydney +* University of Edinburgh +* National University of Singapore +* Universidad Europea de Madrid - Spain + +&#x200B; + +Obviously, this is quite a long list. I think it's only a matter of time before we see an explosion of adoption in this space. +Hi there, Iā€™ve just started working for a NFP and have been advised about salary packaging. I understand the way in which in benefits the employee but I donā€™t understand how it benefits the employer. It almost sounds like stealing from the government and I donā€™t understand why they let us do this. Can anyone explain this to me in laymanā€™s terms? +I'm a first time home owner in Melbourne.. Well, technically not quite yet. + +Settlement is in about 2 months and I'm nervous as I wait for the bank to hopefully approve my loan! + +As I rush to replenish my now nonexistent savings buffer, please share with me your stories about when you first bought your PPOR (or even investment properties I guess) and the drama/costs that popped up that you never expected? + +Edit: there are lots of good comments in this thread for first home buyers. Thanks and keep them coming! +I've been offered a job as a contractor at a different company for around a 40% pay increase (assuming I work 46 weeks in the year) for a 1 year contract. + +My current job is a full employee position which gives a minimum of 5% salary increase each year, with a higher increase for higher performance ratings. There is no annual bonus, however job security is high. + +Is it worth it to make the move? I am worried about job security as the contract is only 1 year and all the talk of a looming recession. However making the move would be a step up to a much more senior position so it could be better for me in the long run. + +Are there any IT contractors here that have any experience with how contracting works that could give me some advice? + +EDIT: Thanks everyone for the comments. It's given me a lot of information on what to keep in mind as I go through the paperwork next week. +Needing the vent after spending days, almost weeks now trying to get a property purchase Contract signed. Hope none of you have to experience the same for the sake of preserving your own sanity! +Developers legal team: send 420 page electronic contract to my solicitor for review and signature. I sign electronically and send back assuming all is fine. +Developers legal team: we canā€™t accept an electronic signature, we need a wet signature. +Me: goes into my Solicitorā€™s office after work and print and sign the front page in person. Ready to deliver via courier to their office. +Developers legal team: No. You must print the entire 420 page contract and sign and reliever via courier service to our office at your own expense. +My solicitor: F*ck no. Donā€™t send an electronic contract and expect a wet signature. You can accept the signed first page and instructions to attach to the contract, accept the e-signature, or print and deliver the paper contract to us at your/ the developerā€™s expense. +-Several follow-up emails later- +*crickets* +Developers legal team: (several days later) whereā€™s the signed paper contract?1?!? +OK, front page will do. We need it t0day th0, like right n0w!1!! +My solicitor: itā€™s here. Come get it. Weā€™ve been awaiting your advice on how to proceed for about a week... +Snr Residential sales manager: becomes re-appointed as messenger boy and is tasked with driving between the two legal offices to collect and exchange the paper contracts. +I got NOK GME and BB and I will sit this out maybe even load up and buy more. I cant let them win with dirty tricks. U americans always talk about freedom and free market but the only thing I see is a market that is as long free as it serves the rich people. Power to the Players. + +So fuck it. + +No financial advice. +I'm a changed man. I've been working my engineering job for about ten years now. First job I nailed out of college. I took it even though I didn't want to be in the job location, but accepted it because it offered me the best opportunity for financial gain and legitimate and bonafide career prospects. When I started I was making around $60k, I make about $87k today, not including income from investments and passive streams. + +I didn't want to become a civil engineer originally, but I ended up here. It's a good job, and civil engineering is a good career. My dad was a civil engineer, and when I graduated from business school, he couldn't believe I was going to take a job at a municipal agency and begin the road toward civil engineering. When I decided to go back to school for a Masters in civil engineering, he couldn't have been happier. I sometimes wonder how much of this road I did for him and not myself. + +I've always been a saver. My parents called me Scrooge McDuck when I was a kid because I always saved my allowance and change. I had this giant glass jar where I dropped my pocket change throughout high school through my bachelors. When I graduated from undergrad I had $1,500 in pocket change that I had to deal with. Ended up going to my girlfriends bank who had a bulk change handler, I remember the lady asking me what I was going to do with the money, whether I was going to take my girlfriend on a trip because of the favor. I lied to her, "Yep. That." I didn't. I put it into my Roth IRA. That girlfriend and I broke up many years ago. + +Grad school took a long time, I worked full-time at my municipal engineering job and they graciously helped adjust my schedule to accommodate my university classes. I was inspired by the work and the prospects for high-level community thinking. For building and improving things in a place that needed the help and the progressive vision. I also worked part-time at a video store to help with some pocket money. I paid for both undergrad and graduate school by working a ton, and I graduated debt-free on both degrees and was still able to sock away at the same time. I've been debt free for many years still today. + +The year before I entered grad school, I lost my mother on Valentines Day, she had been hospitalized for nearly a decade with a couple highly rare neurological degenerative diseases, she was in her early 60's. Just a few months after I finished grad school, my father at 67 slipped from a ladder and smashed his head on the garage floor and passed away the day before Thanksgiving. He never retired, which was all the worse because he could have retired, he had plenty to retire on. And even though he always talked about retiring, he never did. I suppose he loved his role in the company. He loved having good insurance as he was fighting an aggressive, but *somewhat* manageable cancer. He had good years ahead of him before falling from the ladder. + +My brother and I received a bit of inheritance. I took all of the money I received and dumped it into long term index funds to help propel me further toward my FIRE goals. I created a brokerage account and began self managing half my investments. Today my net worth is nearly $600k. I'm 35. I max out my 457 (basically equivalent 401k) and RothIRA contributions annually. + +Six months ago I was diagnosed with cancer. The only treatment options were chemo and radiation. I certainly worried about my ability to get to FIRE during that experience. I left work on disability for six months. This time had an enormous effect on me psychologically. More the cancer experience than losing both my parents, even though I was always close to both mom and dad. + +The absolute pure freedom that six months granted, even though I was fighting for most of it and dealing with the side effects from the treatments, the experience changed my life. It empowered me further to get to FIRE. Fortunately, I have good insurance, and I didn't have to touch any of my investments/savings during that time. I made something like $40k in paper gains during that time, incidentally, thanks to the market doing so well recently. The bulk of my net worth is tied up in the stock market within some kind of diversified index portfolio allocation structure. More than that, the free time offered my mind an opportunity to think creatively and brought about new hobbies and experiences. I took a few road trips following the declaration that the cancer appeared to be cleared from my body after chemo/radiation, no evidence of disease is what they call it. We caught the cancer early and with this form of cancer, it can be *curable*. Meaning there's a good chance it will never come back in my lifetime. + +But it changed my perspectives on my career too. I'm not sure I want to be a civil engineer now. And I'm not certain it's because of the career or the employer. But I dreaded, absolutely dreaded the idea of returning to my cushy job. This job does not inspire me. It doesn't make me feel like I'm working toward great ends. It feels like a play-it-safe route with a great paycheck and that's about it. It feels like I'm going to look back after another ten years and I'm going to be disappointed with myself for not investing my time in a worthy cause, for taking a chance at something great. I wake up dreading my work day because I know it'll be tedious bullshit. I applied for another job this Monday, my first day back to work following my disability. I would take a pay-cut, honestly, if it meant I got to work on something I actually enjoyed and with a team of inspirational people. I am certain, though I haven't completely run the math, that I will still reach FIRE anyway with a pay cut. And at my current chushy agency job I'm slated to get two more raises before I tier out, which should put me in the mid-$90K range. But I feel like it's not worth it. Being at this job, and I hope it's just the employer and not the civil engineering as a career, feels like I'm wasting my years. This will be the tenth year at this employer, I got promoted following my Masters. + +I feel jaded right now. Completely uninspired. When I talk to co-workers and they are telling me about their problems, I'm thinking to myself as I'm making eye contact with them, "I seriously don't give a shit about anything you're saying. Fuck this place." I literally was thinking that the other day and completely aware of myself in the situation. And my boss has saddled me with a bunch of bullshit tasks because he got basically nothing done in the time I was away. Everything got horrible here in the work environment. 3 people quit while I was gone (and it's a small department). Projects festered. It's just a complete shit-show. I now loathe this agency. I don't care about its problems and worse to the point is that I'm completely aware and highly in-tune to all these emotions. + +Before cancer I was able to feel okay about this shitty work situation because I was stacking cash, making damn easy and good money pushing me closer to my $1.7MM FIRE goal, which I should reach within 10 years at my current savings rate (even with the consideration of *not* getting another raise ever again--which I still have two ahead of me, not including COLA increases). + +The best thing cancer gave me was life perspective, how I'm fucking wasting an important part of it on a stale grind. And I kind of know what I need to do, switch jobs first--see if it's the work or the employer. I'm thinking of switching back to private. I just don't even know. I'm so uninspired here that I was studying for my PE license before cancer and now I don't have the gumption to crack my study materials or think about the exam. + +Why am I posting this? You guys have a good sense of the work/life balance. I admire many of you and I know some of you are struggling with the good paycheck/shitty view of your work in the constant hike toward FIRE. Just need some perspective. +Long-time anonymous reader and (relatively) new member here! Found fewer psychedelic DD's lately than I'd hoped, so thought I'd provide one of my own to spark discussion. This is a new and growing sector, and I strongly believe it deserves more attention! Iā€™ll cover it in three sections: a quick Psychedelics intro, a brief DD on MindMed, and then an overview of the sector as a whole. + +&#x200B; + +**Background on the Sector** + +There are three topics everyone who wants to understand the Psychedelic Sector needs to know up front: + +**1) Intent:** This sector is fundamentally different from the Cannabis Sector in a large way. The target market is primarily medicinal uses rather than recreational uses. Cannabis has a large recreational movement, where psychedelics have a small one. While this may deter some folks, I find it reassuring: to play in this space a company must be serious and committed. + +**2) Diversity:** There are a number of drugs in the psychedelic space - psilocybin (mushrooms), LSD (acid), MDMA (ecstasy), ketamine (anesthetic), to name a few. Each is in some stage of clinical trials, and each company is attempting to use different ones to treat different mental and behavioral health conditions. These conditions are diverse as well, though the largest target markets include ADHD, anxiety, depression, PTSD, and drug and alcohol addiction. + +**3) Delivery:** Psychedelic research today is not seeking to put high volumes of over-the-counter mushrooms or LSD pills in your local CVS. Psychedelics are being researched in controlled microdoses, and the intended delivery is by trained therapists through guided psychotherapy sessions. Psychedelics on their own may give your mind a period of disconnection and subdued feelings of fear, but with proper guidance from a trained therapist this period also becomes an opportunity for "rewiring" old mental blocks that lead to mental illness. Some people begin to break through chronic mental health barriers in just a few appointments. CNN recently covered the sector in an hour long special under Lisa Ling's "This is Life" series called "Psychedelic Healing" (Season 7, Episode 6). This demonstrates the delivery method well, as well as several early success stories. It's available on several paid streaming services, including Amazon Prime and Youtube, but I'm linking a [CNN article](https://www.cnn.com/2020/12/20/opinions/psychedelics-trauma-healing-this-is-life-heacock/index.html) on the episode so you can get the gist of it abbreviated and free. That being said, I highly recommend watching the episode if you have access to it! + +&#x200B; + +**MindMed DD** + +Though my summary is below, donā€™t just take my word for it! MindMed has an incredibly well organized [website](https://mindmed.co/) where you can see much of this for yourself. + +*As an investor in a sector with a diversity of molecules and a diversity of applications*, you want a company that has a diverse approach. **Thatā€™s MindMed** \- which is in Phase 1 or Phase 2 trials with each 18-MC, LSD, MDMA, DMT, and psilocybin tackling a variety of conditions, including anxiety, opioid withdrawal, ADHD, and cluster headaches, to name a few. This diversity give MindMed a high chance of having not just one, but several breakthrough molecules. Kevin Oā€™Leary (yes, Shark Tankā€™s Mr. Wonderful) is perhaps the most well-known investor in MindMed. He does a great job summarizing MindMedā€™s uniquely strong position in this [video](https://youtu.be/Vo-HA1-TaFQ) recorded by TraderTV Live about a month ago alongside MindMedā€™s CEO JR Rahn. + +*As an investor in a sector that requires integration with therapists*, including new tools and training, you want a company that is developing more than just the necessary drugs. **MindMed is the whole package.** MindMed has paired with NYU to develop therapist training strategies and has announced its launch of Albert, a digital medicine division meant to tie it all together. MindMed's recent announcements have indicated they are actively hiring to give this division more depth and to potentially undertake an acquisition in the digital platform space. MindMed is already thinking about **how** we make this work. In the future, a therapist will have use this digital tool to keep a list of psychedelic options catered to a host of mental conditions, and each will be tied to delivery strategies and training. MindMed's wholistic view from clinical trials through implementation is what sets them apart from others in the sector. + +*As an investor in a sector that is "breakthrough" in nature*, you want a company that has the right leadership. In January, Robert Barrow entered the MindMed team as the Chief Development Officer. Robert brings extensive knowledge of psilocybin research, but more importantly he was part of securing the Breakthrough Therapy Designation with the FDA for his prior psilocybin program (Phase 2 Clinical Trials) at the Usona Institute. MindMed hopes to secure similar breakthrough designations for their trials and fast-track them. Bruce Linton, former Canopy Growth (CGC) Chairman and CEO, sits on MindMed's Board of Directors. Dr. Halperin Wernli and Carol Nast, President and COO respectively, each help round out the management team with over 50 combined years of leadership in drug and product development in emerging markets and heavily regulated environments. + +Finally, I know every investor wants to know how much the stock price will move over time, so here are a few catalysts to think on: + +**Short-term catalyst:** MindMed has applied to uplist on the NASDAQ, which will open it up to a myriad of retail and institutional investors who currently donā€™t have access to the stock on the NEO. Thereā€™s some speculation around when the uplisting will come through, which is best recapped on Reddit [here](https://www.reddit.com/r/MindMedInvestorsClub/comments/kwkzby/the_endall_beall_mindmed_nasdaq_uplisting_post/?utm_source=share&utm_medium=ios_app&utm_name=iossmf). Thanks [u/darrinkoehler](https://www.reddit.com/u/darrinkoehler/) for the fantastic, and specific, DD! + +**Long-term catalysts:** This is more obvious, but of course any trial milestones are catalysts! Iā€™m particularly excited about August/September this year when we expect Phase 2b trial results to begin rolling in, though Phase 1 announcements will continue to occur as the portfolio grows as well. With any luck, breakthrough designations will accelerate trials and portfolio growth further. + +&#x200B; + +**Psychedelic Sector DD** + +The Psychedelic Sector is perhaps best represented today by the new Horizons ETF: PSYK, listed on the NEO the last week of January. You can find the ETF summary [here](https://www.horizonsetfs.com/etf/psyk). Three companies make up the largest holdings: MindMed, Compass Pathways, and Numinus Wellness, though 14 others are also held in the ETF. A quick summarized list of the top half of the holdings: + +* **Compass Pathways (CMPS)** [Website](https://compasspathways.com/) + * Primarily psilocybin for depression + * Received Breakthrough Therapy designation from FDA in 2018, currently in Phase 2b trials + * IPO'd in 3Q 2020 on the NASDAQ; Largest player along with MindMed +* **MindMed (MMED/MMEDF)** [Website](https://mindmed.co/) + * Diverse portfolio - described above + * Listed on the NEO in 1Q2020, also OTC; currently seeking NASDAQ uplisting +* **Numinus Wellness (NUMI/LKYSF)** [Website](https://numinus.ca/) + * Ketamine, psilocybin, and MDMA for depression, PTSD, and substance abuse + * Potential catalyst with Health Canada revision of Special Access Program (SAP), allowing access to psilocybin and MDMA outside of clinical trials. Revision decision expected this week. + * Listed on TSX in 2Q 2020, also OTC; Focused on Canada market and licensing at present +* **Seelos Therapeutics (SEEL)** [Website](https://seelostherapeutics.com/) + * Ketamine for suicide, depression, and PTSD; a number of other drugs in the pipeline for gene therapy, ALS, and Parkinson's + * Listed on NASDAQ +* **Cybin (CYBN/CYBNF)** [Website](https://www.cybin.com/) + * Currently has more than half a dozen patent filings for a variety of drugs and psychedelics. Currently working more as a discovery platform for new molecules. + * Listed on NEO +* **Greenbrook TMS (GTMS/GBOKF)** [Website](https://www.greenbrooktms.com/) + * Uses Transcranial Magnetic Stimulation (TMS) rather than medication to treat depression, among other conditions. Definitely the oddball among the ETF, but similar end goal. + * Listed on TO; applying to uplist on NASDAQ; completed share consolidation (5:1) last week to meet NASDAQ share price requirements +* **Field Trip Health (FTRP/FTRPF)** [Website](https://www.fieldtriphealth.com/) + * Ketamine for anxiety and depression; ketamine is available today though it is an older known antidepressant, so treatment programs and psychotherapy sessions are active today. Ketamine has a relaxing effect rather than a rewiring effect, so long-term efficacy compared to other psychedelics is debatable + * Listed on CSE, also OTC +* **Red Light Holland (TRIP/TRUFF)** [Website](https://redlighttruffles.com/) + * The recreational play in the ETF; sells legal magic truffles and microdosing kits; purchases are restricted to those 18+ in the Netherlands; expansion would be possible with legalization elsewhere + * Listed on CSE, also OTC +* **Revive Therapeutics (RVV/RVVTF)** [Website](https://revivethera.com/) + * Psilocybin for meth abuse, as well as half a dozen patents for psilocybin delivery (gum drops, oral strips, capsules, etc); portfolio includes other drugs, including bucillamine as a CoVid-19 treatment and cannabidiol oil for hepatitis + * Listed on CSE, also OTC + +&#x200B; + +**Final Thoughts** + +This last bit is for a good friend of mine whoā€™s needed convincing on getting into psychedelics. If you believe the sector is too speculative or fear that clinical trials will fail, this bit is for you, too. While I share this fear for the countless drug trials outside this sector that each feel like a shot in the dark, this is fundamentally different. Psychedelic effects are much better understood (these arenā€™t new lab creations - people have been using psychedelics for decades!) and there are already hundreds of accounts of positive mental change with psychedelic assisted therapy. If you have doubts about success cases, read the CNN article and video mentioned above or do your own search for a few cases - theyā€™re everywhere (including the company sites above) and theyā€™re well documented. At this point, clinical trials feel like a formality rather than a true test. To make the case even stronger, psychedelics coming out of successful trials will be compared to current mental health treatments before becoming mainstream. The current market isn't much of a competitor - Prozac is synonymous with false happiness, and many people under similar treatments feel bound to their drug living within a shell of themselves. Psychedelics can be a more effective treatment that truly resolves a mental block at its source, and I truly believe they will change the way society approaches mental health. + +As if it werenā€™t obvious, Iā€™m a big fan of a change in the mental health space and Iā€™m long in the Psychedelic Sector, with a lean towards MindMed. Iā€™m not a financial advisor, you should do your own research, and on top of that I think youā€™ll find itā€™s fun to create your own DD! + +Cheers to this being the first of many DD posts! + +Edit 1: Had a mod encourage me to share my positions. MindMed - 100k shares @ $0.75 avg, NUMI 30k shares @ $1.05 avg, and honorable mention: EHave (EHVVF) - 300k shares @ $0.10 avg. For those curious, Ehave is a smaller player with large growth potential, playing in the digital/blockchain space just as heard as the research space. I've already pinged Horizon ETF for why they're not included in their ETF. I'll follow up with an edit once I hear more ;) +I'll start by saying that my wife and I are pretty risk averse. We're both very anxious people and we've found that we are generally happier the less leveraged our lives are with debt. That being said, we've managed to put back a decent chunk of change and we've had a few close friends and family tell us that we are saving too much and we need to enjoy life more. We are generally happy, but there are things we'd like to do that we talk ourselves out of due to how frugal we are. My question is how can you know when you're saving "too much"? + + It feels like there is no such thing. We often times feel like we are being wasteful and hurting our future selves by spending money on frivolous things now. + +We are both in our late 20s and our financial info is as follows: + +$165K pretax annual income + +$50K in cash. 20K set aside for emergency fund. + +$125K in the market. Most of this is Roth. + +$165K in a rental property that cash flows around $12K per year. No mortgage. + +$15K in Bitcoin/Ethereum + +No car debt. We are currently renting as we recently moved and are saving for 20% on a home that will cost \~$400K. We max out each of our Roth IRAs every year, we max out each of our HSAs every year, and we max out one of our 401(K)s every year and contribute up to the matching contribution on the other. + +&#x200B; + +I feel like we're in a pretty good spot. I just can't shake the feeling that, generally speaking, if you have extra money you should be saving it. Advice? +Could use some advice on what to do with my EOY bonus. (~$50k) + +Background: early 30s, married w/o kids, $310k total annual comp, VHCOL city + +Already own my apartment with 2.75% mortgage, so donā€™t want to pay that off. + +Have an emergency fund saved already. + +My goal is to retire in my late 40s or early 50s, so Iā€™m not that interested in loading up on IRA products that I canā€™t touch til my 60s. + +Thinking of putting it all in VTI? But part of me wonders if Iā€™m better off putting it in a savings account and trying to buy an investment property in a few years to generate passive income. + +Any advice you guys could offer? +Hey all! + +Right now, my partner and I are focusing on paying off debt in order to save up for a house of our own. Thankfully, neither of us have any student loan debt, or credit card debt. We both just owe money on our cars. I owe a tiny bit over $7K on mine, and he owes a little under $9K on his. + +My question is, does it make more sense to drive my car until it falls apart, or to sell it once it's paid off and get into a different car? Usually this would be a no brainer; drive the car to its death. But my situation is a little different. + +I'm a bit of a road warrior, so I drive anywhere from 100-200 miles in a week just for work. My car is a 2011 Ford Fusion, and already has 158K miles on it, and it gets very average gas mileage. + +Pretty soon here, we are going to have to replace all four of my tires and my break pads/rotors if I am to continue driving this car, which is estimated to be around $1000. Top KBB value on my car (private sale) is about $2200, and a dealership I brought it to offered me $1000. + +Mainly, I am curious whether this $2K car is worth putting $1K into, on top of the $7K I already owe on it, or if I would be better off paying it off, selling it, and using the $2K as a down payment on the new car (probably looking for a reasonable, reliable $10K-12K car). + +My partner's car has low miles, is in awesome shape, has a great interest rate, and he is not upside down in his loan like I am, so we definitely want to keep his car. + +What do we do, y'all? + +EDIT: Grammar +I am 62 , retiring in 4 months. I plan on Cashing out my 401 k at that time . I am concerned that a stock market crash or huge downturn could take a chunk of my 401k assets . With only 4 months to go , there isn't a lot to gain at this point . . I may be paranoid but with the market potentially being unstable , will electing 100 % conservative allocation protect me if the market does sink or crash in the next 4 months ? +Basically with my savings I could cut a check now and pay off all my student loans but I am hesitant to do that. Should I just pay the monthly bill and invest the other money? Thereā€™s been talks of cancelling student loan debt (on social media at least) but I donā€™t really see this ever happening but then again Iā€™ll feel dumb writing a check for tens of thousands if the debt was going to be cancelled. + +What is my best course of action here? +Will you be investing in the stock market while stocks are down? Does this "trade war" make you more hesitant to invest? + +I am interested in investing a small amount that I have sitting in my TFSA. Do you have any suggestions as to what I should do with it? I don't mind high risk for this small amount. + +Thanks +So I have about 8k in my checking account which is the most I've ever had before (A recent tax return and paycheck boosted it by about 2k). This is just so surreal for me. Three and a half years ago I was living on my friends couch because I couldn't afford rent in one of the cheapest COL area in the US. + +I just needed to share this with someone. + +What did you feel like when you finally had a tiny bit of room to breathe? I've felt anxiety over a large amount of things and therapy/good work enfiroment/ this recent windfall have kind of ablated it. + +It feels so less stressful. I'm going to go do some work go for a run and then meet a friend later. + +Take care all. +* **PayPal stock fell 6% on Monday following the company's botched acceptable use policy update.** +* **The company faced backlash over the weekend after its updated policy included a $2,500 fine.** +* **PayPal has since rolled back the update, saying that its misinformation policy was incorrect.** + +PayPal stock fell as much as 6% on Monday after the company botched the roll-out of an acceptable use policy update that included big fines for the promotion of misinformation. + +The new acceptable use policy expanded the company's list of prohibited activities on its platform to include "the sending, posting, or publication of any messages, content, or materials" that "promote misinformation." + +Users that violated the policy would have been subject to a $2,500 fine that PayPal would automatically debit from their account. The policy was originally slated to go into effect on November 3. + +But the updated policy created a firestorm on social media over the weekend, with several former PayPal employees weighing in and criticizing the policy, including PayPal co-founder Elon Musk. + +Former president of PayPal David Marcus tweeted, "It's hard for me to openly criticize a company I used to love and gave so much to. But Paypal's new AUP goes against everything I believe in. A private company now gets to decide to take your money if you say something they disagree with. Insanity." + +PayPal immediately rolled back its policy update to exclude the new misinformation policy. The company told media outlets: "PayPal is not fining people for misinformation and the language was never intended to be inserted into our policy." The payments platform said the policy update "went out in error that included incorrect information." + +Source: [https://markets.businessinsider.com/news/stocks/paypal-stock-price-blowback-misinformation-policy-2500-fine-error-musk-2022-10](https://markets.businessinsider.com/news/stocks/paypal-stock-price-blowback-misinformation-policy-2500-fine-error-musk-2022-10) +They want to play this game? Ok... Lets see who has more muscle, their stupid executives trying to stop crypto for their own benefit or the thousands of customers their business depends on? Today, I saw news of major banks in India suspending BTC accounts. I call everyone who has a bank account with any of those banks to simply close and move your funds elsewhere. I will not hold my funds at any bank that tries to stop this market. Our voices should be heard... just like South Koreans did a week or two ago, were they pressured top officials by signing a petition against banning crypto... So, the fight is not only against banks but also against any government official that tries to stop BTC. Guess how all of them got their jobs... and guess how all of them can lose their jobs? We have the power. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your 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: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[šŸ“š Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [šŸ“š Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [šŸ“ˆ Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [šŸ¤” Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [šŸ’» Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [šŸ’” Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [šŸ“° News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [šŸ¤” Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [šŸ‘½ Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[šŸ“³Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [ā˜ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +THIS IS THE WAY TO LOCK UP THE FLOAT, READ TA;DR IF NEEDED + +Yo everybody. Iā€™ve been post spamming the past few days because Iā€™m getting HYPE for liftoff. We are definitely close! Just wanted to throw this out there in case it was not already known, but if it is, then this should bring more awareness to it! + +If you have a broker that wonā€™t allow you to transfer out or DRS, simply make an account with Computershare and start BUYING shares through them. This will ensure that we lock up the float MUCH faster as opposed to waiting for all these DRS transfers to go through. + +If you have DRSed and want to buy MORE shares, buy through Computershare! Whatever the current predicament you face, if you want more shares, the answer should be to ONLY buy through Computershare from now on. This is my plan because I realize that every share that gets added to the locked up float, the closer we get to MOASS. + +Anyway peeps, have a good Sunday night, see ya at open tomorrow morning! + +TA;DR - MAKE AN ACCOUNT AND BUY SHARES THROUGH COMPUTERSHARE + +Not financial advice + +Edit: u/ihas_prehensile_tail mentioned that you can setup RECURRING investment options for GME through Computershare! If you want to buy shares at specific points in the month, set that thang up! +I never thought I had to say this, but stuff like "best coin under 1$ to buy" has been popping up a lot recently so I had to. + +Alt coins are not the same as penny stocks. Basing the moonshot ability of a crypto on its price alone is not a good idea. + +Circulating supply, demand, tokenomics, fundamentals, project development and use cases play a role in its growth or decline. The reason why bitcoin per dollar is in the tens of thousands because there are only 18.6m in circ. Compare that to 51c XRP which has 45 billion. XRP did worse than BTC in the past 90d. +Today, I woke up to $4,400 in our checking account. (4 kids, married in case anyone wondering) + +3 credit cards paid off in full, 2 medical bills paid off. Quick stop at the vet to pay the last $300 our pooch needs for surgery to fix a cracked tooth and got the appt set for Monday. Full tank of gas, 6 months of car insurance paid. Lights and water bill for month of April paid. After paying May's rent, we have $800, $400 of it was going to go to stocking up our freezer and the rest into savings. + +out of curiosity, I checked our food stamp balance to make sure our $72 we get in month was on there. (no one near max for 6 people-due to income) We don't use our food stamps first half of the month, we save it till the last 2 weeks of the month when we're getting short on cash. + +Hubby nearly has a massive heart attack. I'm freaking out, thinking there was a HUGE massive mistake. Called our worker, she answered on the first ring. She tells me that the $741 balance is NOT a mistake, we are free to spend it. Our state gave us the max benefit for a family of our size/income level for the month of April, and next month/May we'll get our regular $72 unless our income changes. Which hopefully, it won't (Thank god!) + +We spent about $428 of our food stamps today at the grocery store. We have about $300 left on our EBT card...and we literally have our freezer in the garage and in our kitchen crammed full. We bought spices we have been wanting. Our cupboards are crammed full of canned goods and snacks. If we make another grocery run, we'd be storing food on the floor of our kitchen or bath tub. + +I am feeling so dam grateful right now +Not sure if this belongs on /r/personalfinance, and I apologize if it's long winded. TL;DR at the bottom. + +It seems like every employer has a different method when paying their employees. The way my company worked is we get paid twice a month, the 1st and the 15th. Not too unusual, but they had a funny method of paying us. If you add up 40 hours per week times 52 weeks for a year, youā€™ll end up with 2,080 hours. We got paid 24 times a year (twice a month), so our company paid us the same hours every paycheck (2,080 hours / 24 pay periods = 86.67 hours per paycheck), and the company will add/deduct in later paychecks for overtime or missed time. + +The problem is, the 86.67-hour paycheck is the basis for every single paycheck. 2016 was a leap year, so there must have been an extra day in there, right? I always assumed the company paid any extra days on the last pay check of the year. The pay was always different anyways. The taxes were calculated different, and we were able to sell back any unused vacation time, and that will show up on our last check. So the last paycheck was usually a bloated. + +A co-worker friend and I decided to do some digging. 2,080 hours comes out to 260 working days. It turns out that 2014, 2015, and 2016 each had 261 working days. My friend and I check all of our paystubs from the last 3 years (theyā€™re all on the payroll website), and it turns out we got paid for 260 days for 2014, 2015, and 2016. We were short one day for the past 3 years, and it turns out 2012 and 2013 also had 261 working days (but we couldnā€™t confirm if we were paid for those extra days in those years because our paystubs only went so far back). + +I originally was going to take this information to the person who runs the payroll at my company. Even though sheā€™s a nice lady, she is wishy-washy and can brush things aside. I wanted to make sure this was an issue that would be seen. My friend and I wanted to remain anonymous, so I posted our results to the anonymous company forum. These can be seen by the entire company, even the executives. + +Well it turns out this DID catch their attention right away. The payroll lady and her boss went into a bit of a freak-out mode. I donā€™t want to go into too much detail, but letā€™s just say that they found out that the anonymous forum is *really* anonymous. + +A week later, HR and Payroll had a meeting with all affected employees (about 35 hourly employees). The payroll lady explained this is how they have been doing payroll since sheā€™s been at the company (almost 40 years), and never realized the mistake. They told us that they spoke with their lawyers about this issue, and it turns out they legally only have to pay back for any missing days within the past 2 years. They decided to own up to their mistake; they paid us for the past 5 years of missed time (one day for each year), and on top of that, they doubled the amount as an apology for this long overlooked mistake. + +Since Iā€™ve been with the company long enough, I got the full 10 days of extra pay, some people only got 2-8 days. It was still nice of them to pay us back a lot more than they were legally obligated to. I do kind of wish I didnā€™t go anonymous, so I can take all the credit, but honestly the most I would have gotten out of it would be a free lunch and a pat on the back. + +TL;DR ā€“ Employer was shorting us about 1 day pay for the past 40+ years, spotted the error and company paid affected employees back 10 days worth of pay. +Have not started earning yet, but I am planning to keep 30k in cash, 30k in savings and around 1.5 lakhs in low risk investment. + +How do you invest the emergency fund? +About to turn 22 and I now have some skin in the game. Just made my first purchases on Ameritrade. When the market re-opens tomorrow I will officially be a shareholder! Excited to start my journey +I see some really good premiums in the deep OTM puts for the next few weeks, I feel like this is a good theta play as I can't see Twitter dropping below June lows before Musk is forced to buy, also if he buys before that, or rules that he must buyout Twitter, the stock should be above lows? + + +Am I stupid or is this a good idea? I'm likely going to put some capital towards it regardless, as it my head it makes sense. + + +Also the 55/56 calls have spreads that are positive somewhat too; meaning you could sell the right to buy at 55 from you and buy a 56 call, which would be more than the buyout price but mitigate risks from the stock falling? I can't see a downside there either. + + +Even a 1% gain in a week is great if it's 99.99% probability. + + +Please let me know if anyone's done or tried this, thanks +Posted the following on a certain other subreddit... and it got struck once because I DARED to mention a ticker with a low market cap, then again because I posted it at 9am EST and everyone was fixated on GME at open, so it didn't get the required 6k upvotes to stay safe from their ruthless mod bots. I also wrote this out in detail to test my own understanding, I don't think you're dummies, most of this subreddit probably knows this shit already. + +TL;DR - I don't want to lock up $10,000 running 3x PMCCs on something like AAPL, just to collect 3x $100 premiums over a 30-45 day expiration. Looking at lower cost stocks with higher 30-day IV% to use for CCs, given that several of them appear to have much higher average premium returns and a lower cost of entry - owning shares instead of a deep ITM call. + +So here goes. Just a green options options trader looking for a little discussion of low cost, true covered calls. If this strategy is shit, I wanna know. Positions and original text of my detailed post below. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +I was setting up my first covered call of AMC and it occurred to me that searching equities based on the following two criteria could lead to some decent cost of entry as well as reasonable premium prices for selling covered calls: high implied volatility & share price much lower than AMC. + +The low share price provides a low cost of entry to trading a true covered call so this strategy is entirely based on my willingness to buy 1000 shares of a particular stock to sell 10x calls against at a time to compensate for the low premiums. + +Here are my current plays: + +[2021 April 07, mid day](https://preview.redd.it/8di2e7otgyr61.jpg?width=1411&format=pjpg&auto=webp&s=2e81c981f9abbb02e4a8de79518b81148e2d06ec) + +And here is the logic behind those plays: AMC was the first. Short term calls had a decent ask price and I already owned most of the shares I needed, so I went for it. Then got sad I could only buy 100 shares/sell 1 call at a time. So I started to look for high IV stocks below $2 per share. Found a whole bunch, but most aren't really candidates - option volume is pretty low (or non-existent) on a lot of them, meaning there might never be an opportunity to buy-to-close if you decide you want to exit the position. Settled on two different stocks after doing some (gulp) math, and split my available investment between the two, but I'm going to show my work based on a single stock, with 1000 shares as the planned buy just for simplicity. Do let me know if I fuck the math up... + +Can't mention the actual stocks in my example because their market caps are too low and will get auto-banned, but let's all imagine that the bid/ask for this hypothetical option of the 2021may21 C2 is currently 0.25/0.30 (at the time of my purchase, a 45 day expiration) with shares currently trading around $1.49 - so for a cost of entry @ \~$1500 you're looking at being able to safely sell 10x calls at the $2.00 strike. Assuming the worst case bid of 0.25 as your premium credit, selling a single call (before commission and fees) gets you a premium credit of $25. (0.25 x100 = $25) So selling 10x that many calls would get you a premium credit of $250. + +I'm calculating returns based on a 30-day window, regardless of what the expiration might be, to keep different length options easily comparable. So $250 on a 45 day expiration (assuming full value of the premium is collected, which is not guaranteed, and holding until expiration is often not the best way to exit the position) would be ($250 / 45) x 30 = $166 per month. $166 / $1500 = 0.111, or an 11.1% return on your share purchase in a single month. Multiply that by 12 months, and I'm shooting for 133% return for the rolling year, or \~$3500 gross return on my initial 1000 share purchase of $1500... + +Now before you go out and blow your whole buying power on a bunch of penny stocks with high IV that no one has ever heard of... **HOLD THE FUCK ON.** That raw estimate of 133% return is based on several underlying assumptions. Namely, that **(1)** the stock will trade sideways for the foreseeable future or go down a little, but not too much. If it goes down a lot, your 1000 shares won't be worth shit and the option premiums will tank too. So you could be stuck with a bunch of shares not worth much, that no one wants to buy options on. + +Also, it assumes that **(2)** these companies don't fuck around and lose almost all their value or even get totally de-listed. Let's say that Hypothetical Inc. is a Chinese company that deals with used car e-commerce or some shit like that. Once car makers can get computer chips for their new models again and actually roll product out of the factory, used cars may not be in such high demand, and the IV of stocks like Hypothetical Inc. may tank, or their business could ground out entirely if they overextend themselves during this time of pandemic fuckery. + +And this is another big one... **(3)** that I don't mind getting assigned at or before expiration to sell all 1000 shares if the share price hits the strike. This isn't a hold-no-matter-what-buy-all-the-dips kind of strategy. And **it has to be actively managed**; you can't just hold and check your P/L every few days. Now that the warnings are done, here are the different ways that I'm expecting this strategy to play out. Let me know if I'm missing a major outcome here. + +**(1)** Stock trades sideways, I keep my shares and keep selling calls for similar premiums. + +**(2)** Stock drops by a lot. I probably just hold. No good premiums for a while. This is a risk that I **personally** can tolerate, given the low cost of entry on the 1000 shares. I won't be forced to sell them at a loss, at least not right away. **If this sounds terrible to you, don't trade this strategy!** It's also possible that options volume just dries up, meaning you won't be able to buy-to-close as I mentioned above. At least you could still hold until expiration and collect the rest of the premium, but you won't be able to safely sell your shares (if that's what you want) until the sold calls are past expiration, which could give the share price time to fall even lower. + +**(3)** The stock gains in value. This could be positive, or neutral. Two main possibilities: + +**- (3a)** The stock gains a little value, but stays below the strike. I can let my calls expire and sell a new call for the next expiration window, or roll up in strike and out to the next window before expiration, keeping premium collection pretty steady and protecting against assignment, letting me keep my shares and keep covering my calls, at the expense of getting higher premiums as the stock approaches my original strike price. + +**- (3b)** The stock gains past the strike, and I get assigned. Well, given that early assignment is pretty rare (or so I'm told, I could be wrong, take it up with YouTube) I should get all of the premium from my currently sold calls, and I'll also get the profit from selling my shares higher than I bought them for. So with the same 1000 shares of Hypothetical Inc., I'd get the difference between the $1.5 purchase price and the $2 sale price (0.5 x 1000 = $500), plus the $25 x 10 = $250 from the premiums of all 10 calls. Net profit of $750. + +Now I'd be pretty happy putting in $1500 and walking away with $2250 over the course of a 45-day option window. I'm not attached to these shares, happy to sell them for a profit and find a new donkey to ride to the next options expiration window. The main downside is that if the shares you bought really blast off, then the calls you sold will cap your profit potential to the $750 that I laid out above, but you will still make money at a decent return rate. **This is up to you to calculate for yourself**, by choosing the strike to sell your calls at based on the probability that the call will go in the money versus how much premium you collect. This is based on how close the strike is to the current share price. Smaller spread between share price & strike price = higher premiums = higher probability of your call going ITM = higher probability of assignment. Larger spread = lower "" = lower"" = etc... + +If you're really bullish on a stock, and it's relatively cheap to own, maybe selling calls against it isn't the best strategy for you. It's certainly not the most theoretically profitable, but that's not really what I'm after with this strategy - I'm looking for a stable(ish) income that will let me build my portfolio without fucking around with margin or selling naked calls of SPY. Those are levels of risk I can't currently tolerate. +Was waiting for a better price on SNAP, CHWY, PLTR, GME to sell slightly OTM calls but milieu being more bearish than otherwise, I sold ITM calls at yesterday's market end. + +The wheel is a bullish strategy overall, but if you're holding stock you're near term or mid term bearish on, I think ITM calls are viable. Tech looks bad, oil looks good rn. Selling 30 to 40 percent OTM calls on OXY, VET and BPT. +Posted the following on a certain other subreddit... and it got struck once because I DARED to mention a ticker with a low market cap, then again because I posted it at 9am EST and everyone was fixated on GME at open, so it didn't get the required 6k upvotes to stay safe from their ruthless mod bots. I also wrote this out in detail to test my own understanding, I don't think you're dummies, most of this subreddit probably knows this shit already. + +TL;DR - I don't want to lock up $10,000 running 3x PMCCs on something like AAPL, just to collect 3x $100 premiums over a 30-45 day expiration. Looking at lower cost stocks with higher 30-day IV% to use for CCs, given that several of them appear to have much higher average premium returns and a lower cost of entry - owning shares instead of a deep ITM call. + +So here goes. Just a green options options trader looking for a little discussion of low cost, true covered calls. If this strategy is shit, I wanna know. Positions and original text of my detailed post below. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +I was setting up my first covered call of AMC and it occurred to me that searching equities based on the following two criteria could lead to some decent cost of entry as well as reasonable premium prices for selling covered calls: high implied volatility & share price much lower than AMC. + +The low share price provides a low cost of entry to trading a true covered call so this strategy is entirely based on my willingness to buy 1000 shares of a particular stock to sell 10x calls against at a time to compensate for the low premiums. + +Here are my current plays: + +[2021 April 07, mid day](https://preview.redd.it/8di2e7otgyr61.jpg?width=1411&format=pjpg&auto=webp&s=2e81c981f9abbb02e4a8de79518b81148e2d06ec) + +And here is the logic behind those plays: AMC was the first. Short term calls had a decent ask price and I already owned most of the shares I needed, so I went for it. Then got sad I could only buy 100 shares/sell 1 call at a time. So I started to look for high IV stocks below $2 per share. Found a whole bunch, but most aren't really candidates - option volume is pretty low (or non-existent) on a lot of them, meaning there might never be an opportunity to buy-to-close if you decide you want to exit the position. Settled on two different stocks after doing some (gulp) math, and split my available investment between the two, but I'm going to show my work based on a single stock, with 1000 shares as the planned buy just for simplicity. Do let me know if I fuck the math up... + +Can't mention the actual stocks in my example because their market caps are too low and will get auto-banned, but let's all imagine that the bid/ask for this hypothetical option of the 2021may21 C2 is currently 0.25/0.30 (at the time of my purchase, a 45 day expiration) with shares currently trading around $1.49 - so for a cost of entry @ \~$1500 you're looking at being able to safely sell 10x calls at the $2.00 strike. Assuming the worst case bid of 0.25 as your premium credit, selling a single call (before commission and fees) gets you a premium credit of $25. (0.25 x100 = $25) So selling 10x that many calls would get you a premium credit of $250. + +I'm calculating returns based on a 30-day window, regardless of what the expiration might be, to keep different length options easily comparable. So $250 on a 45 day expiration (assuming full value of the premium is collected, which is not guaranteed, and holding until expiration is often not the best way to exit the position) would be ($250 / 45) x 30 = $166 per month. $166 / $1500 = 0.111, or an 11.1% return on your share purchase in a single month. Multiply that by 12 months, and I'm shooting for 133% return for the rolling year, or \~$3500 gross return on my initial 1000 share purchase of $1500... + +Now before you go out and blow your whole buying power on a bunch of penny stocks with high IV that no one has ever heard of... **HOLD THE FUCK ON.** That raw estimate of 133% return is based on several underlying assumptions. Namely, that **(1)** the stock will trade sideways for the foreseeable future or go down a little, but not too much. If it goes down a lot, your 1000 shares won't be worth shit and the option premiums will tank too. So you could be stuck with a bunch of shares not worth much, that no one wants to buy options on. + +Also, it assumes that **(2)** these companies don't fuck around and lose almost all their value or even get totally de-listed. Let's say that Hypothetical Inc. is a Chinese company that deals with used car e-commerce or some shit like that. Once car makers can get computer chips for their new models again and actually roll product out of the factory, used cars may not be in such high demand, and the IV of stocks like Hypothetical Inc. may tank, or their business could ground out entirely if they overextend themselves during this time of pandemic fuckery. + +And this is another big one... **(3)** that I don't mind getting assigned at or before expiration to sell all 1000 shares if the share price hits the strike. This isn't a hold-no-matter-what-buy-all-the-dips kind of strategy. And **it has to be actively managed**; you can't just hold and check your P/L every few days. Now that the warnings are done, here are the different ways that I'm expecting this strategy to play out. Let me know if I'm missing a major outcome here. + +**(1)** Stock trades sideways, I keep my shares and keep selling calls for similar premiums. + +**(2)** Stock drops by a lot. I probably just hold. No good premiums for a while. This is a risk that I **personally** can tolerate, given the low cost of entry on the 1000 shares. I won't be forced to sell them at a loss, at least not right away. **If this sounds terrible to you, don't trade this strategy!** It's also possible that options volume just dries up, meaning you won't be able to buy-to-close as I mentioned above. At least you could still hold until expiration and collect the rest of the premium, but you won't be able to safely sell your shares (if that's what you want) until the sold calls are past expiration, which could give the share price time to fall even lower. + +**(3)** The stock gains in value. This could be positive, or neutral. Two main possibilities: + +**- (3a)** The stock gains a little value, but stays below the strike. I can let my calls expire and sell a new call for the next expiration window, or roll up in strike and out to the next window before expiration, keeping premium collection pretty steady and protecting against assignment, letting me keep my shares and keep covering my calls, at the expense of getting higher premiums as the stock approaches my original strike price. + +**- (3b)** The stock gains past the strike, and I get assigned. Well, given that early assignment is pretty rare (or so I'm told, I could be wrong, take it up with YouTube) I should get all of the premium from my currently sold calls, and I'll also get the profit from selling my shares higher than I bought them for. So with the same 1000 shares of Hypothetical Inc., I'd get the difference between the $1.5 purchase price and the $2 sale price (0.5 x 1000 = $500), plus the $25 x 10 = $250 from the premiums of all 10 calls. Net profit of $750. + +Now I'd be pretty happy putting in $1500 and walking away with $2250 over the course of a 45-day option window. I'm not attached to these shares, happy to sell them for a profit and find a new donkey to ride to the next options expiration window. The main downside is that if the shares you bought really blast off, then the calls you sold will cap your profit potential to the $750 that I laid out above, but you will still make money at a decent return rate. **This is up to you to calculate for yourself**, by choosing the strike to sell your calls at based on the probability that the call will go in the money versus how much premium you collect. This is based on how close the strike is to the current share price. Smaller spread between share price & strike price = higher premiums = higher probability of your call going ITM = higher probability of assignment. Larger spread = lower "" = lower"" = etc... + +If you're really bullish on a stock, and it's relatively cheap to own, maybe selling calls against it isn't the best strategy for you. It's certainly not the most theoretically profitable, but that's not really what I'm after with this strategy - I'm looking for a stable(ish) income that will let me build my portfolio without fucking around with margin or selling naked calls of SPY. Those are levels of risk I can't currently tolerate. +For the longest time I disliked the statement Charlie said. But it finally clicked today when I re-watched that clip. So, thanks Charlie. The rats better start to scatter! +So it happened. I was doing a small account to trade options. I had a couple weeks of good trade with almost 100% success. Turned 1k to 4k. Then this past Friday I managed to blew it all. I woke up Friday with not enough sleep then dropped my kid at day care. Came back to log in to my broker was looking at QQQ. I actively trade spy and qqq options and then I broke my first rule is not to trade without a setup. I also broke my second rule not to play counter trend unless I have to set up for it. I bought puts on Qs on Friday even it looked like a up day. Waited on the trade a while even though Q went up against me. There I broke my third rule waiting on a losing trade. I finally cut my loss then my 4k balance became 2k. + +I re entered puts bit later when it had a good setup. This time chart was working and I took $100 profit because I had to step out. When I got back I realized if I held my position I would have recovered all my loss. That got me even more frustrated. Here comes the death punch. Only 1.5 hours left in to trading day on a Friday i stubbornly buy more +Puts with all I have left which was expiring in les than 2 hours again thinking price would break down. Of course it didnā€™t and bounced hard. My 2k now became $300 in matter of minutes. + +I had to vent somewhere. Lesson learned never trade when you are sleepless and never trade with emotions. Any advice yā€™all have around trading Qs and spy ? I would appreciate it. + +EDIT - ***All of you that provided encouraging words and sound advices are the best group of people. You have helped me get out of this slump and I am already working on to be more disciplined and back on track with winning today. We can help each other a lot. + +And small group of yā€™all who likes to talk down on people and kick them when they are down donā€™t matter at all. You act like you never made a mistake good for you.*** +Posting some info on Corsair. Corsair manufactures and sells parts for computers, especially gaming computers, as well as the peripherals used in streaming and gaming. Covid has understandably provided a large uptick in sales and we are coming up on Q4 earnings in 8 days, which will include holiday sales. The stock traded as high as $51.37, and has traded between $35 and $45 for some weeks. + +What you need to know: + +\-Relatively small market cap (3.43 Billion) + +\- Earning's release for Q4: Feb 9th. + +\- Announced release of new product (solid state drives) on Jan 28th + +\- Expected earnings were recently adjusted, higher: + +Net revenue: $1,651 million to $1,666 million. + +* Operating income: $186 million to $192 million. +* EBITDA: $194 million to $200 million. + +\- Tied for first place in the 'computer hardware' category, alongside Logitech + +\- Last quarter Corsair reported a 100% earnings surprise (0.52 vs 0.26 earnings per share) + +\- Lockup period for sale of insider shares expires late March, though the recent announcement to sell non-diluted shares direct to institutions at $35 is promising. + +Christmas sales will likely be focused around peripherals, like head phones and streaming gear. + +A number of Corsair execs announced they will be selling shares direct, ie. will not dilute common shares, direct to institutional investors at $35 per share. This will, hopefully, reduce volatility in the stock, as there is relatively little available for trade, most of it being locked up with execs and institutional owners. It should also set a floor on near term pricing. + +Analyst currently give the company a 'Buy' and 'Strong Buy' rating. + +TLDR: buy CRSR. + +Earnings date: February 9th. + +All time high: $52.37 + +Current: $38.13 + +Edit: For people asking about the dip a few weeks ago and for those concerned about the announcement of non-diluted share offering at $35, here is my two cents: There are a lot of reasons for a company to issue shares: to raise money, to decrease volatility, to enrich themselves. That Corsair's execs have decided to sell some of their own shares at $35, is in my mind, a better alternative as it will not necessarily dilute the value of existing stock and it puts it out 'on the market', even if these institutional investors are unlikely to trade these often. This sale could mean the execs think it's not going to $50, but its just as likely they see $35 as a good price, attractive to both them and institutional investors, and they want to both take some money off the table , while simultaneously decreasing the volatility of the stock. The fact that the stock was $38 when they announced this, and that most investors bought in at $12 when CRSR IPO'd 6 months ago, is actually fairly bullish, to my mind. It basically indicates that institutional investors think CRSR is worth more than twice what they paid for it. My 2 cents. + +Q3 Report: [https://ir.corsair.com/news-releases/news-release-details/corsair-gaming-reports-third-quarter-2020-financial-results](https://ir.corsair.com/news-releases/news-release-details/corsair-gaming-reports-third-quarter-2020-financial-results) + +Share sale article: [https://www.fool.com/investing/2021/01/22/dont-worry-about-corsairs-public-offering/?source=eptyholnk0000202&utm\_source=yahoo-host&utm\_medium=feed&utm\_campaign=article&yptr=yahoo](https://www.fool.com/investing/2021/01/22/dont-worry-about-corsairs-public-offering/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo) + +Not financial advice. Positions: 2000 shares, $38 price average. +Hi guys, + +I was wondering which tech fund would be to have as a Canadian investor. I have a couple of options: XIT, QQQ (or TQQQ) and TEC. I like TEC, but TQQQ/ QQQ is the big guy on the block. + +Thanks! +I can read financials all day and still not have a great feel on some stocks. AQN is one of them. I think it's a healthy company and just suffering due to its bond proxy nature with rates likely to rise. But "IF" it's hyped, that could be a red flag. + +Anyone have anything to add? Thanks. + + + + + + + + + + +EDIT: thank you everyone for such great answers. Many things were clearly pointed out to me. I really appreciate this sub and it's thoughtful and smart investors. +Hi Guys! + +&#x200B; + +Wanted to see what you guys thought of these 2. I have a account with TD already for my growth portfolio due to the 9.99$ fee, but I wanted to create a small account for day trading + +&#x200B; + +&#x200B; + +I did my research and watched some videos comparing them and wanted to get your guys input. I am looking more at questrade due to their low fees. I was going to use it for higher prices stocks (25-50$ range) for day trading. Thanks for the help guys +Hi I just turned 26 and am looking to 'start' investing. I have about 30,000 dollars invested in a BMO Investor Line TFSA Account from savings accrued from a prior career. I've since changed career paths but am in a position now where I feel comfortable beginning to contribute again. + +My father has managed each member of our families portfolios since before I was born. He has done an admirable job and is now retired comfortably and lives off of the passive income on his investments. I figure that he wont be around forever to invest my money for me so I need to eventually learn how to invest myself and there's no better time than the present. + +The problem is now that I'm beginning to research things myself I have a lot of questions and I find that I have a hard time understanding his explanations so I've come here. + +From what I understand from his own personal portfolio and philosophy. (disclaimer: I'm very new and this is only how I perceive what he's told me and may not be completely accurate) + +- He says he invests almost solely in the Canadian Market (isn't that bad?) He says if you want to invest into US stocks there are a lot of negative things you have to worry about like poor exchange rates between CAD and USD, capital loss/capital gains come tax season and a few other things that I can't remember off the top of my head. His advice for me if I wanted to invest into the US market was to find a Canadian Mutual Fund or (ETF?) that held the US stocks that I wanted to personally hold and buy that. He personally uses Phillips, Hager, and North (a mutual fund management company?) and that's what he recommended to me. + +-He said that my goal should be to build up a basic portfolio consisting of a Canadian Bank, a Telecom like Telus or BCE, a Utility like Emera or Fortis an Insurance Company like Manulife, Sunlife or Great West Life a Railroad like CP or CN and a few other things if I wanted to- for example a Retailer like Loblaws. He owns more speculative holdings in other sectors like Oil but he said that I should focus on building a strong base on those things before I make investments in anything remotely 'speculative' + +Actually though almost the entirety of my 30,000 dollars is in TD which I'm kind of worried about even though I shoved all my money in a couple years ago when it was 50$ and have seen considerable gain from it and have a dividend drip set up on it. Don't I want to be diversified? He said that I should be diversified but that I need more money to be diversified? He wants me to focus on picking up maybe a total of 500-600 shares of TD and then pick up one of the other things that might be a good deal at the time and focus on that, like a Telecom, an Insurance or a Utility. Is this one at a time strategy good? Do I want smaller portions of everything at the same time? Should I go with Phillips, Hager, and North like he suggests? I see something called VGRO floating around here a lot, what about that? + +Basically I want to know if the advice he's giving me sounds okay to a bunch of random people on a message board to give me more confidence in what I'm doing. +Hey friends! So I've managed to kill the last of my student debt (finally) and now I'm looking at using my extra cash flow for investing. I had been watching a personal finance youtuber for a few weeks in preparation for it- he sold me on using the Robin Hood app- but then I learned it's not available for Canadians haha + +Anyone have a favorite Canadian investing & personal finance youtuber? I'm hungry for all knowledge available. I, of course, will start devouring the wiki as well +***(QUESTION is in bold near the bottom, if you don't want to read my intro and reasoning)*** + +Hey everyone. I am new to personal finance, investing and reddit (literally my first post). + +&#x200B; + +Given all of the attention the stock market has garnered over the past few months (given COVID-19 and all of the economic fallout it precipitated), I decided to take some time to learn about personal finance, investing and the stock market. I am in my late 20s and I am learned in matters of law as opposed to finance. + +&#x200B; + +Over the spring, I spent hours glossing over investopedia, youtube and other resources (including books) to learn things ranging from basic investment lingo to market cycles, central banking and interest rates. + +&#x200B; + +I opened a TSFA on Wealthsimple Trade. Besides a few swing trades and a lucky call on $WELL health Tech, I have been focusing my energy on finding good dividend stocks that are trading at a value (long positions) + +&#x200B; + +I have a decent position in $REI.UN (riocan reit); 300 shares so far, and planning to reinvest the monthly distributions. I have been consistently purchasing the REIT below 15 dollars. As of late, the shares have been trading at around 14.40s - 14.60 (nearly a 10% div. yeild. And yeah... I bought most of my shares during this recent dip). + +&#x200B; + +I live in Toronto and really see the value in Riocan. They have nice properties; mostly open-air shopping centres with essential businesses. They have also been pivoting toward residential, wit some notable projects in the works. + +&#x200B; + +I find their diligence in rent collection and navigating the governments CECRA program impressive. In Q2 they collected about 86% and projected a rise over the summer. + +&#x200B; + +They have also seized the opportunity to cut loose older tenants and bring in newer ones. For example, there is a Tokyo Smoke (marijuana dispensary) set to open up at their Shoppers World near Danforth and Victoria Park in Toronto. I think it is replacing a "The Childrens' Place" clothing retailer. + +&#x200B; + +Lastly I like that clothing retailers comprise a very small percentage of their tenants (under 2% if I recall correctly). + +&#x200B; + +&#x200B; + +**Does anyone have any positive or negative opinions on Riocan? I have also considered Smartcentres (SRU.UN), Choice (CHP.UN) and Brookfield Property Partners (BPY.UN). I know that my reasoning for enerting the REIT does not involve sophisticated financial analysis, so I'm open to insights from more learned people.** + +**Riocan seems most comparable to Smartcentres, but I like the sustainability of RIOCAN's dividend (lower payout ratio under 100%). BPY comes off a a bit too risky given the fall in commercial rent revenue and the distribution payout. Choice's yield is low and the properties seem a bit under-diversified.** +My company offers 401k through Transamerica. I called to ask if I could also do a Roth ira with them, but they told me that I could actually do it under the 401k without the $6k limit. + +Apparently, my 401k offers two investment options: Pre-tax and Roth up to $20,500 combined per year. + +If I choose to invest in Roth or pre-tax the employer will still match but their contributions will be pre-tax only. + +I initially wanted to do a Roth IRA separately via Fidelity because they have more options, fractional shares, individual stocks, etc. On the other hand, Transamerica doesn't offer a ton and has a poor user experience. + +Now that I'm seeing I can contribute more than $6k I'm considering investing all in Transamerica, but still not sure if this is the right choice. Of course, I can still get the match either way in Transamerica. Which would you pick? +Both 41, kids are 10 and 12. Decided we needed a big break on the way to FIRE, so sold our house, and are leaving to slow travel as a family from Jan-Aug 2018. After that, relocating to a cheaper, outdoors focused area from the Toronto area. We plan to work part time casual jobs, possibly in our professions (accounting and nursing), which both allow for this type of work. + +After house closes, we have $900k, plus a defined benefit govt backed pension at 65 that will pay $20k/year in todays dollars (has some COLA built in). Will likely buy a house again for around $400k, leaving us $500k to live on. Our plan is to take $20k/year from this (4% SWR), use it like a basic income of sorts, and then top up to our $40k-$45k annual spending with the part time work. In reality, we probably won't need to withdraw anything, my wife as an RN can make $25k/year working one shift per week, and I already have $10k in accounting work, all virtual, and I can add more, as I have a great referral base. + +We'll work the PT jobs till 65, when pension kicks in, plus we'll get about $20k from government pensions as well. + +Appreciate any feedback, or poking holes in our plan! +Late last year, I was left this money by a relative who had died. At the time, I had been receiving Employment and Support Allowance (ESA) for a long-standing disability which stops me from working. Because you can't receive ESA if you have savings of over Ā£16k, I cancelled my ESA claim and started covering my living costs using the Ā£25k which was left to me. + +Because my condition hasn't magically disappeared, there will come a point where I need to go back on benefits. As a result of this, I was wondering about using the money left to me for a deposit on a flat and then restarting my ESA claim to cover my living costs/mortgage. If I was to buy a flat similar to the one I'm renting right now, my monthly payments would be lower than my current rent. It's a bit selfish of me, but I'm just trying to figure out if there is a way I can use this money to make my future finances less tight. + +It is certainly not my intent, but it just feels a bit fraudulent. If anyone has any advice or concerns, I'd appreciate you sharing then. I did already phone the DWP explaining my 'plan' and they said it would be OK, but I'd rather get some extra input before pursuing it further. + +Thanks! + +Edit - it seems like this is probably a no-go. I'll leave this up in case anyone is ever in a similar position. + + +I contacted CS and they told me it's right and they only gave me an estimation and that taxes and government fees would add on to it. But I had them do the calculations to show me how it was going to be cheaper to stay with them. + +The $161 includes a 24% discount from my employer. + +Right now, we don't have the money to move to T-Mobile because we would have to payoff our equipment from AT&amp;T and whatever other fees they have (even though T-Mobile will credit some of those fees in a couple of billing periods and proof it was paid) + +Does anybody have any idea on what to do about this? Am I SOL? + +I'm sorry if this isn't the right place to post this. + +I forgot to include that T-Mobile was going to be $130 + tax but only a 15% discount +I'm a 27 year old female, working 2 jobs: m-f office job, $15/hr, health insurance and standard benefits. The other is a retail job on Saturdays and Sundays, $10.50/hr, about 12-15 hrs per week. My rent is $820/mo, car is $179/mo, I try to save on groceries but it ends up being about $25-30 per week. Everything I don't spend goes to savings. I have no debt, about $55k in savings. + +I'm really feeling the wear of working every day. My boyfriend broke up with me a month ago (not related I know, but I haven't been in a great mood since it happened. I like having the extra money, but I really hate my retail job. I'm finding it harder to pick myself up and go to work every day. I don't know what I'm saving for anymore, it was going to be for a house someday but that seems pointless. I don't know, I don't really like much about my life anymore. Not going to a job I hate is at least something I can do to change it. + +Sorry for the rant. Does it make sense to quit this job? + +Edit: Wow, I did not expect this many responses, thank you all so much! I officially put in my 2 week notice for the weekend job last night, it's time to think about me! +Okay.. I have to give some credit to myself for this post over a year ago, when i predicted he would come work for Gamestop, when noone knew about anything, even before the NFT marketplace was rumoured. [Matthew leaving Loopring](https://www.reddit.com/r/Superstonk/comments/p9z79l/did_matthew_really_leave_it_all_behind/?utm_source=share&utm_medium=web2x&context=3) + +That letter is worth a read, the respect Matthew has for Daniel Wang, his friend and mentor. + +I think yesterdays news about Matthew leaving Gamestop is incredible bullish, this could have been the plan all along, if we take a step back, and look at everything that has happened: + +1. Matthew leaving Loopring to become Head og Blockchain at gamestop +2. Daniel Wang to leave Loopring, which he founded himself +3. Steve Guo appointed CEO of Loopring (former CTO) +4. Danial Wang starting a new company Taiko, which is being build on Loopring, [This is Daniel Wang explaining what Loopring is](https://www.reddit.com/r/Superstonk/comments/sr7cvk/what_is_loopring_1_minute_explanation_by_founder/?utm_source=share&utm_medium=web2x&context=3) +5. all credit goes to u/Tosh_00 for this post,- [What is Taiko](https://www.reddit.com/r/Superstonk/comments/vf4o40/what_is_taiko_and_what_does_it_mean_for_the/?utm_source=share&utm_medium=web2x&context=3) +THIS is super interesting, how to get Dapps developed for level 1 working on level 2, - (This is mass adoption) + +When a company raises $1.7 billion they must have a plan for the years to come, as of right now it seems that we are close to the known endgoal, to create an NFT marketplace and a decentralized crypto wallet, and the first IOS app is coming soon. right.. + +All of this was a part of Gamestops plan even before they sold 5 million shares last year in June.. and they have to keep working on their strategies, every company have short term business strategies, and long term business strategies, and allthough we have made a lot of speculations about what to come next, after the marketplace/wallet/app, noone really knows. + +But i think we might just got a little sneak peak yesterday, and here is a snippet i cant get out of my head, its from Looprings [quarterly update from August:](https://loopring.substack.com/) + +\----------------- + +2. Taiko + zkEVM + +In [Q3/2021 we announced](https://medium.loopring.io/loopring-quarterly-update-2021-q3-bd083d94ca17) that we were contributing to a new zkEVM core design alongside the Ethereum Foundation, and much progress has been made. + +Since then, [Taiko](https://taiko.xyz/), a new team has formed to build and expand upon this zkEVM design. + +## Why the separate team + token? + +**There are two main reasons why this effort required the formation of a separate team and token:** + +* Neutrality + strategic focus ā€” For this zkEVM to succeed it would need to be credibly neutral, censorship resistant, permissionless, and decentralized. Yet some of these principles came at odds with the realities of Loopringā€™s existing and established products. Specifically, deploying Loopringā€™s apps atop its zkEVM could conceivably conflict with the networkā€™s neutrality. With these potential conflicts of interest, others would likely perceive Loopring to favor its own applications to theirs. This would deter communities and developers from deploying their applications onto Loopringā€™s general purpose chain, and pose a great risk to bootstrapping a thriving network. The new team allows for credible neutrality as well as the ability to strategically focus on new target markets (developer communities, as opposed to end-users) in order to properly compete with other general-purpose rollups. + +>*ā€œ\[ā€¦\]when building mechanisms that decide high-stakes outcomes, itā€™s very important for those mechanisms to be credibly neutral.ā€ ā€” Vitalik* + +* Max decentralization ā€”in order to achieve strong decentralization at the onset and over time, a new (inflationary) token model would be needed. This new token and token model would allow for the network to properly incentivize a diverse and vast group of proposers and provers. Additionally, it would enable the project to be self-sustainable over time by keeping the DAO resources available to incentivize and attract builders, projects, and other contributors. + +While the efforts must be separate, we are happy to share that the Loopring community will be an important component in helping bootstrap the Taiko network and token distribution. Taiko is still in the early stages; the team is focused on building the layer 2 infrastructure and will share details as they get closer to a testnet launch. + +\--- + +Tl:DRS: +Now, from reading this, together with yesterdays news, its all so clear to me. From the very beginning everything was planned out, Matthew would leave Loopring to help Gamestop assemble their blockchain team and build. Steve would be appointed CEO of Loopring when Daniel left to start up Taiko, then when Gamestop Blockchain was all set, Matthew would return to his old friend and mentor, to help doing it all again, building Taiko, and the mass adoption to web3. + +This is just the beginning.. + +Edit: +All credit goes to: u/pissfestmcgee + +Take a look at this simulation, (Taiko) TYCO RC super rebound..! thatā€™s how you spell RC.. https://youtu.be/jGZ6z4FamuA + +CrazyšŸ˜‚ +One thing really stood out to me - and this is a topic that I have never been able to answer: 2023 + +The movie stated a line at some point where despite the shorting and lack of improving its underlying business strategies - it was stated that GameStop wasn't able to actually go out of existence until 2023 - and **this set up a red flag, for three reasons**: + +1. GameStops Senior Notes had a maturity of 2023, but [GameStop paid them off early](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes-0) + 1. [Saloman Brothers performed the underwriting of GameStop's IPO](https://www.reddit.com/r/Superstonk/comments/sfhjpe/comment/huqgz47/) (/u/toast_ghost267) + 1. SB was found guilty of fraud in the 2008 crisis; merged? with Travelers and eventually became Citigroup +2. LIBOR rates were [meant to last until 2023](https://www.reedsmith.com/en/perspectives/2020/12/paradise-postponed-us-dollar-libor-to-remain-until-2023) if Drump was re-elected + 1. Since he wasn't, LIBOR rigging ceased and we [switched to SOFR on 1/1/22](https://www.raymondjamesbank.com/more/resource-center/libor-transition) +3. The last [debt ceiling lift being good until 2023](https://www.cnn.com/2021/12/14/politics/senate-votes-debt-limit-congress-deadline/index.html) + +This might be nothing - but is there a connection with Senior Notes and a 2023 maturity, LIBOR 2023 expiration, and the debt ceiling **ALL** having an ending year of 2023? + +**WHY IS 2023 SO INTERESTING?!?!?!** + +Edit : some additional discussion about Simon Property Group pushing out indoor malls in favor of outdoor style malls; and connections with Amazon / Bain Capital: + +[https://www.reddit.com/r/Superstonk/comments/sfnros/comment/hur4v77/](https://www.reddit.com/r/Superstonk/comments/sfnros/comment/hur4v77/?utm_source=share&utm_medium=web2x&context=3) + +Credit : /u/[throwawaylurker012](https://www.reddit.com/user/throwawaylurker012/) +I used to deliver food using many apps, like door dash, Uber eats, skip the dishes. I managed to get a line of credit from my bank, and using that along with 2 credit cards, I was able to "afford" truck driving training course. Well, that was last summer. It took me a little more than a month to find a good job with this, and today, I paid off all the debt. It was a big risk obviously. The worst case, my credit would be destroyed. But my income tripled as a result, and now I have health insurance and can afford a normal life and can realistically think of things like vacations, investing, mortgage, etc. It's a very strange feeling lol. +Like I obviously understand what the repo market is and how it functions. But what has happened / changed now where the fed keeps having to add 70-100B into it to keep the machine well oiled and what kind of warning sign is it sending? +What are oracles? How do they work? And how do smart contracts benefit from them? Iā€™ll try to answer these questions in this post. + +## Blockchain Oracles + +You may have heard of the Oracle problem. This problem is actually a very simple limitation, and that is that blockchains cannot retrieve or send data themselves to an external problem. In any case, this function is not built into the blockchain itself. + +As a result, blockchains are actually isolated networks that look suspiciously like a computer without an Internet connection. And that isolation is precisely what makes the blockchain so secure, because no one can access it just like that. + +The participants of the blockchain network check whether everything is done according to the rules, based on the consensus algorithm. For example, they check whether the transaction has been properly signed and whether the transaction can be made within a smart contract. This also makes smart contracts very trusted. They work exactly as they are made, and it is impossible to deviate from them. + +However, smart contracts must be connected to the outside world, so that they can be used in as many situations as possible. For example, smart contracts in the financial world need market information to pay for settlements, and smart contracts in the insurance world need certain information from the internet to make decisions about policy payments. + +Smart trade finance contracts need trade documents and digital signatures to know when to release payments. + +So you see that an awful lot of external information is needed before smart contracts can be used in all sorts of ways. And none of the above information is generated within the blockchain. So there must be a connection between the blockchain and external systems in order to set up a new infrastructure, also known as the 'Oracle'. + +Blockchain Oracles therefore in fact provide the data necessary to be able to execute smart contracts when the set conditions are met. A blockchain Oracle is the only way for the blockchain to communicate with the outside world. + +## What does a blockchain Oracle do? + +Blockchain Oracles are therefore the bridge between the blockchain and external systems that can provide the blockchain with information. In fact, it is the man-in-the-middle that takes care of the communication between two different systems. + +An Oracle has several functions to ensure that this communication can be established. + +Let's talk a little bit more about Oracles' key features: + +* Listens to the blockchain network to check for requests to fetch data outside the network to make smart contracts work. +* Retrieve data from different types of systems in order to be able to offer the requested data. +* Convert data to the correct format in order to allow different systems to communicate with each other. A blockchain cannot just communicate with any other system, because they are different programming languages, have different system requirements, etc. The Oracle takes care of the compatibility. +* Validate performance with a cryptographic proof that certain transactions, signatures and executions actually took place. +* Make calculations on data. Consider, for example, calculating the median, as well as performing more complex tasks, such as generating insurance quotations based on different types of data. +* Sending data and evidence to the blockchain and other systems, so that they can then perform the necessary actions. For example, smart contracts can perform actions based on the data that the Oracle sends. + +In order to provide the above functions, the Oracle must work on and off the blockchain at the same time. The part that sits on the blockchain is there for establishing a blockchain connection (to listen for requests), broadcast data, send evidence, convert blockchain data and sometimes perform calculations on the blockchain. + +The portion that works outside of the blockchain is for processing requests, retrieving and formatting external data, sending blockchain data to external systems, and possibly performing calculations in more advanced Oracle networks. + +## Oracle examples + +There are many different situations where Oracles can offer a solution. Consider, for example, betting on football matches. For example, you could place a bet with a friend about the winner of a match. + +You then put this bet into a smart contract. The winner will then automatically receive the reward. But the smart contract will have to know who the winner of the competition is. The fairest way is that it happens automatically, and no person has to enter the outcome. + +In principle, a smart contract does not interact with the competition. An Oracle will therefore have to be made so that the blockchain and the smart contract can read who has become the winner of the Classic. + +By means of a trusted API, the smart contract can read who has won the competition. Smart contract then determines who is the winner of the bet, and the money is then sent to the winner. + +In the absence of Oracle, the bet could not be settled fairly. Then there should be a person who enters who the winner is, but in that case there is a chance that this is not done completely honestly, because the importer can also enter something else. + +## Chainlink + +An example of an oracle platform is Chainlink. Chainlink wants to connect different blockchains as well as external systems. They do this by giving the smart contracts access to resources such as data feeds, web APIs and traditional bank details. These resources are provided by the affiliated agencies that can use the smart contracts in return. As a result, they do not have to switch to a new system themselves and can still use smart contracts. In addition to the fact that they are allowed to use these smart contracts, they also receive a reward in the form of LINK tokens for supplying data and APIs. When a party does this, they are called Chainlink Node Operators. They are then responsible for maintaining the connection between the API and the Chainlink network. The Chainlink network consists of all connected Node Operators. + +## Band Protocol + +Another interesting oracle platform is Band Protocol. The main difference between Chainlink and Band Protocol is that Band Protocol uses its own blockchain called BandChain, based on Tendermint, with a Delegated Proof of Stake (DPoS) consensus algorithm. It works in the Cosmos ecosystem. Chainlink, on the other hand, is not a blockchain, it is a kind of network of nodes that only work when oracles are solely focused on delivering data between entities. There is no blockchain of its own, because it is all based on Ethereum. + +## Conclusion + +With a blockchain Oracle we can have the blockchain communicate with central systems, so that much more is possible. Smart contracts in particular can make good use of this. + +Blockchain Oracles therefore ensure that we come a little closer to a future in which blockchain can play a major role. It builds a bridge between the world as we know it today and a world as it could be if we use blockchain. + +&#x200B; + +* Interested in liquidity pools? Read about them in [my previous post](https://www.reddit.com/r/CryptoCurrency/comments/mfk2oi/defi_explained_liquidity_pools/). +* Do you know how to [wrap a Bitcoin](https://www.reddit.com/r/CryptoCurrency/comments/mh2oc7/defi_explained_wrapped_bitcoin/)? +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. + +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 Iā€™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! +BREAKING: The U.S. Treasury Department has blacklisted crypto mixer Tornado Cash and all of its Ethereum addresses, barring U.S. persons from interacting with the privacy service. +The U.S. Treasury Department barred all U.S. persons from using Tornado Cash, alleging its use in laundering stolen crypto funds by North Korean hackers poses a national security threat. +Simple question I think. Looking for personal experiences, not a formula. + +Personally, I'm as convicted as ever about my 'core industries': + +- Oil + +- Real Estate + +- Tech + +These have always been my core convictions and still form the bulk of my portfolio. I've noticed I've been growing more concerned about concentration and the huge dollar-value changes even a 3% shift can make (that change used to be a McDonald's meal and is now several fancy meals) and, to buffer somewhat, I've started to invest amounts into other industries: + +- Renewables + +- Banks + +- Fintech + +- Broad market ETFs (eg XUU) + +Am I doing things wrong? Not sure tbh. It's somewhat crazy (for me personally) to imagine that I may end up with >$100,000 in a single holding (obviously I would have more than a single holding...) + +How is everyone elses headspace/strategy doing? +Hi, I'm 19 and I'm using Wealthsimple TFSA to hold majority [VEQT](https://www.vanguard.ca/en/advisor/products/products-group/etfs/VEQT) at the moment. + +**I want to** **start investing in small-cap ETFs and individual stocks in my TFSA so I wouldn't have to pay taxes on the higher-growth potential gains**. Of course, I also wouldn't be able to report losses. + +**Then I would transfer VEQT to my personal**, so if I lose money in what would be the bulk of my investments, I can report it. **If I don't, then I'd pay taxes but not as much as I would've with the individual picks** ā€“since these would have greater & faster growth long term. + +**My investing behavior (might help advice-givers):** + +* **I'm not** **researching extremely volatile stocks** +* **30% into individual stocks (mid-sized/F500 US & Canadian companies) and small-cap ETFs**. +* **70% would go to VEQT.** +* I don't give a shit about bonds rn. + +Given my time horizon and that I won't be picking absolute duds, we could assume I won't be losing nearly as much as I'd be growing (as even losses would, for most picks, bounce back). So, given all that information, **should I transfer my VEQT into my personal and start betting for growth in my TFSA to shelter the capital gains?** + +At 19, does this approach make sense? Should I flip this at any age? And any other **thoughts and insights are appreciated**. This idea was presented to me by an individual in a recent thread of mine in this community. If you see this, thanks for your advice again. + +Thank you in advance for your help. +Has anyone here used wealthsimple tax and what are your thoughts on it/comparisons to other platforms? Iā€™ve used turbotax but since I currently have a TFSA and cash account on wealthsimple trade Im thinking about maybe giving wealthsimple tax a go. +Last month I submitted a [detailed milestone post](https://www.reddit.com/r/financialindependence/comments/6ajikw/milestone_1_million_saved_in_retirement_accounts/) describing how I (an average guy with no special talents) managed to accumulate $1 million in retirement savings. Unfortunately the post was inadvertently removed by the automod after only a couple of hours, and by the time it was restored a day later, it had become buried in the rankings and has only had 6.2k views. Those that read it and provided feedback, thank you. /u/Foodie_Foodie provided the following [valuable takeaways](https://www.reddit.com/r/financialindependence/comments/6ajikw/milestone_1_million_saved_in_retirement_accounts/dhiz7mq/), and I wanted to share them because I feel they are extremely important for many readers of this sub: + +> 1. Being diligent about contributing to 401K & IRAs as these tools are available. +> 2. You don't have to be perfect, you just have to stay in the game +> 3. Maximize contributions as much as you can or at least work towards it. +> 4. Not panicking when the market goes down. +> 5. Not taking any withdrawals along the way. +> 6. Staying employed if you can, so you're always getting a match in the 401K of some kind. +> 7. Start contributing and investing early in your career so time is on your side. +> 8. Make sure you have an allocation that includes equities so you get the lifting power. +> 9. Don't ignore the expenses of the funds you choose -- go with low cost funds as much as you can. + +In addition, I started tracking my net worth in 2007, so I have the value of my retirement investments from that point onward. Here is a chart of my retirement contributions compared to the investment value over time: http://i.imgur.com/ldQ2Vnw.png + +Of particular interest is that during the 2008 recession values dropped and barely exceeded my contributions, but then the compounding really took off as I contirued to invest. Looking back, I think it's extremely important to keep your sights on the long term picture and ignore short term fluctuations. Only then can you stick to your investment strategy and not panic when the sky seems to be falling. +I'm not familiar with any of the work that led to today's Nobel prize in economics, but after reading the popular media accounts I'm curious what the big deal is. The overhead involved a job search is a pretty ordinary example of a transaction cost, and it's well-known (not to mention obvious after a few moments' thought) that transaction costs can prevent markets from clearing. Coase's exposition of these topics predates Diamond's work by decades. I presume that both the Nobel committee and today's laureates are well-aware of this, and that the actual conclusions of Diamond-Mortensen-Pissarides's work are much more detailed and subtle than anything that makes it into CNN articles. So, what's actually novel and interesting about their work? +I stopped counting how often I've read this same type of story over and over again, of users wanting to become rich, turning sort of desperate or being super naive and taking out huge loans in order to buy crypto or invest into other crypto-related assets. + +Do NOT do this under any circumstances. Unless you are a millionaire doing random things on coke, taking out a loan to buy crypto means you are already far beyond spending only what you can afford. It is very likely that you will lose money or at best, if you're lucky, make peanuts. You're probably not going to be the 0,0001% exception. You'll lose your financial independence (which is ironic) and have a high chance to come out worse. + +If you need to get it out of your system, dump $50 or something on a shitcoin and you'll still get your experience of loss and regret, but not in a life-ruining fashion. Worked for me. + +Ideally you should reach a situation of positive indifference. For example, in the crab markets I pretty much stopped giving a damn. Still check my portfolio every now and then to see if there is movement. If there are big dips I watch it now and then to see if I want to invest more. If things are moving up I get a little bit more excited, but in a fun "let's see where this is going" way, not in a "so which house will I buy?" way. The key to this is the simple old saying: don't invest more than you can afford. Of course if my whole portfolio suddenly went to $0 for whatever reason, I'd be pissed and probably wouldn't want to afford a big vacation for 1-2 years, but that'd be it. + +What do you think? +I donā€™t know cryptocurrency inside outā€¦ but surely someone who is being paid by one of these organisations knows more about it than me. So this is what really confuses me - can anyone explain to me how one of these companies doesnā€™t have a standardised contingency or ā€œrisk assessmentā€ for when cryptocurrency loses value? Like, surely theyā€™re aware that crypto is volatile and can lose 75% (or more) of itā€™s value at any time. These organisations are full of intelligent people, probably on salaries I could only dream of. Surely there would be a plan for this? Can anyone explain why people and organisations vastly more experienced in Bitcoin than me are so ill-prepared for a significant fall in value? Itā€™s so strange! +On this day last year I sat down with my brother (a CPA) and created a plan to pay off my $4,000 credit card balance (at 17.99% interest). I literally just made my last payment and am now 100% credit card debt free! + +Background: I was stuck in a vicious cycle of paying for things with cash, and then once my cash ran out, I used my credit card for whatever else I wanted. Then I'd get paid, would make a huge credit card payment and then I'd spend the little cash I had, which would then "force" me to turn to my credit card. Lather, rinse, repeat. + +How I did it? The best advice I ever heard was that you'll never have enough money if you don't live within your means. So that's what I did. I cut way back on going out with friends to drink (my biggest expense), and going out to eat. I also cut way back on shopping for fun when I was bored and adjusted my grocery shopping so I wasted a lot less food and thus spent less on food. + +But here's the twist: I was in two weddings this year, and was a maid of honor in one of them. I paid for an entire bridal shower, a bachelorette party (including roundtrip airfare), two bridesmaids dresses, and two wedding gifts and paid for it all with cash. + +Just wanted to give a shout out to myself and to let others out there know that if you really want to reach a goal, it's entirely possible! + +EDIT: Thanks to everybody for the congratulations and for sharing your stories. I've had a lot of people tell me that paying off their credit cards is their goal too. My advice would be to (1) create a structured plan and (2) make sure you can stick to that plan. My monthly credit card payment was $361, which I could afford. Anything higher and I wouldn't have been able to stick with it. It also helped for me to have a physical representation of the goal. I had an excel sheet with my entire year of payments written on it. Every month I would take it out and cross out a month. Having a visual representation of my goal helped me stay on track. Lots of luck everyone! +Many months ago we crowdsourced a portfolio of reddit picks for 2015 + +Here's the link to the portfolio: + +https://docs.google.com/spreadsheets/d/1pAVUIFWAf13OF42f6OZ5smAtPRYKMiTz8lmWO3y-aKE/edit?usp=sharing + +Feel free to share thoughts, new additions, etc. +Put $2000 into decn and didnt pull it. Made money off of uavs but held and lost $600. Lost on mvis cause I expected it to go higher. Greed has lost me about $3600 in profits over the last 7 days, and cost me anywhere between $600-2000. If your in the green, pull and take your bucks cause there is a good chance you'll lose if you wait. There will always be another bandwagon to hop on to. Now if youll excuse me, I have to find a bridge to go live under since I'm broke af now +I would like to know what works for those who have profitably traded through the past 6 months (and ideally been trading for a longer period, of course). + +Would appreciate if you could share the broad specifics: + +1. Time charts you look at. Do more timeframes actually distract away from good setups? + +2. Decision based on Price action, candlebars, MA, or? + +3. Risk reward settings: do you go for rr or win rate? And how do you set your stop loss? Rr ratio is starting to annoy me, because I realise many good setups are forfeited when rr ratio is the focus. Perhaps the probability of win matters more! What is your approach? + +4. Focused on a few counters, or apply your strategy to counters that meet your criteria? Iā€™m thinking that if TA works, itā€™s probably going to work on SPY than on other names. Would like to hear your experience on this point. + + +5. Your strategy works best on forex, Stocks, options or futures? + +6. If possible, pls share some details of your strategy. + +Thank you! +I was new to stocks this year and did lots of short term trading and swing trading from a normal account, not an IRA. I've lost and made money on individual stocks and am very confused about wash sale stuff. + +I'll use example numbers but let's say I put $10,000 in my account earlier this year and I have $10,100 in my account now for a total profit of $100, will it be as easy as just paying taxes on the $100 profit and that's it? + +I'm worried they will tax on the individual gains from stocks I had gains in but not let me deduct the losses from other transactions since I would often buy and sell over and over again, many of the same stocks. I probably had a few thousand transactions all leading (so far) to about $100 overall profit or so. + +Will I only have to pay taxes on the overall $100 profit or is this going to be a nightmare trying to figure this out? I'm actually a bit worried that even though I only had $100 in overall gains that I will have a huge tax bill because many of my trades were $20-$40,000 scalps over and over but again, I lost some, won some, and have about $100 more that I started with. + +Also, I sold everything last week and want to start long term buy and hold investing, I am not sure if I should wait a month or more to buy back some of the stocks I sold and plan to hold for years in the future or if it wouldn't make any difference if I bought some tomorrow and started holding for good? + +Any help is much appreciated, thank you! +**I've been getting a lot of PMs asking me for referrals. Check this** [link](https://imgur.com/a/PxlbV63) **for any jobs you're interested in and let me know. I will refer you to my recruiting company.** + +&#x200B; + +I work as a software engineer for a massive medical company. I make one bug fix every couple weeks and then send the code to testers to do the rest of the work. My company has no plans to let me go (my boss's words, not mine). + +My company doesnt offer a 401k so I am maxing out my Roth IRA as well as saving 20% of my paycheck every week to eventually buy real estate. Since my company pays for graduate school, I'm taking online courses to obtain a master's degree in comp sci because why not. I watch the online lectures and do the homework at work. + +&#x200B; + +**Is there anything I can do at work to make more money?** I've dabbled into blogging and writing tutorials online, but haven't made any money with that yet. + +&#x200B; + +Part of me would like to quit and work at a company where I'm constantly coding and learning new things. Life isn't just about money... but another part of me thinks I've hit a gold mine and I should stay here a little longer. + +Thoughts? + +&#x200B; + +**Update:** Thanks everyone for commenting. I've decided to do the following: + +\- Stay at current job for 1-2 more years. Try to get a couple good accomplishments to put on resume. + +\- Finish Master's degree while I'm here and do Leetcode problems in my free time so my career isn't screwed up + +\- Bump up savings 5% each month until I can't handle it + +&#x200B; + +&#x200B; + +&#x200B; +One major benefit of FIRE style early retirement, is that we typically accumulate a lot of savings very quickly. Only a portion of our taxable funds are gains. Thus, even in the worst case scenario of drawing everything from a taxable account, my 'income' would likely be less than half my actual draw. It's possible draw a very comfortable amount and only realize a taxable income a fraction of that. That makes us eligible for larger subsidies, and lowers the cost of health insurance. + +So, it's great that ACA marketplace plans are (relatively) affordable for us, but affordability is nothing if the plans themselves aren't good. For those of you relying on such plans, how well do they actually work compared to the workplace plans you had before? +Ok so I know it sounds crazy but hear me out. I currently work at a photo studio as a photographer 9-5 10$h 5dw which is like 375$ a week with tax. No commission, 4-8 clients a day. +My current job is a pretty low end photo studio but they do have contracts with schools and is consistent work. +I also do freelance work on the side and get payed much more per client as it is 100% mine, but clients are more sporratic and they pay more. BUT I don't have time because I spend too much time at the photo studio and when I come home I'm too tired to work on bigger projects. +Me and my mom have found a lot of people in the modeling/photography/videography industry and I have a LOT of opportunities I can pursue but I spend too much time at my job. +I have the confidence to be one of those instagram photographers/videographers that make a lot of money because I know I can create the same quality as them. +I Live with my parents and only pay car insurance plus gas which comes out to 300$ +I already have all the equipment I need to charge people big bucks. +I also want to eventually move out with my girlfriend but I know that's on the future. +At my job, I don't see myself moving up or getting a raise any time soon as the company is losing money . +I live in miami so I'm in a hotspot for photos and videos. +Should I quit my job? +Yesterday BAM announced that shareholders approved their plan to spin-off 25% of the asset management business under a new ticker, with shareholders receiving one new share of manager for every 4 BAM they currently own + +Iā€™m sure Iā€™m not the only one who is considering owning the Brookfield corporation mothership over the spin-off pure play. I havenā€™t deceived yet, because it sounds like the new spin-off will actually pay a healthy dividend and will be born with no debt and 3 billion of liquid cash on the balance sheet. + +Bruce Flett also indicated that they have ā€œthe means to do something large and interestingā€ through the corporation. So itā€™s likely a win win either way + +Is there a chance that the new spin-off dips pretty rapidly right after the split as people dump it for the new corporation ticker? No one knows when is best but lm wondering when to make the change, if at all. What are others thinking? +Hey guys, I've been doing some research and wanted to see what companies you're looking at in the renewable energy sector as we all know it'll probably be the next big thing to blow up. I've been looking at $AQN $SU and $ENB. What are your thoughts on these companies and what ones are you looking to hold? +Taking some losses with the dip (as expected) but was wondering when you guys think a decent time to buy would be. personally imo it'll keep trending downwards for at least a few weeks. +Looking to see some options what you guys bought in, I personally bought some FB, MO, BA, MMM and DIS. Trying to buy in portions. Did Norbert gambit and convert to usd before buying. I might want to look into some cad stocks but I don't see any reason to. Suncor n Enbridge might be good. +am new to Canada and looking at investing in US Equities through brokers here. Any recommendations based on personal investment experience would help me narrow down my research. Also, am looking at wealthsimple for buying ETFs and canadian stocks and td's trader for investing in US equities as they have a way of buying a us fund and not have a currency conversion fees. If anyone has experience with TD's approach please do share that as well. Thanks in Advance. +Recently someone has shown that Decentraland only has about 300 active players, but has a $7B marketcap + +But this is the case for most other gaming oriented cryptocurrencies, as example, the gaming Crypto "The Sandbox" (third bighest gaming Crypto on coinmarketcap) currently has about 100 active players, but somehow has a marketcap of $4,000,000,000 + + +That is $40.000.000 per player + +If, in theory, CSGO would be valued the same way as a gaming Crypto, it would have a marketcap of $35041200000000 (about x20 more than Amazon) + +These Cryptos are doomed when the speculation from the whales ends +I'm proposing the use of [MIT's Living Wage](https://livingwage.mit.edu/) to compare across people and their spending in the FI community. + +Too many people in this sub use % of Income, yet that isn't useful when for some people with very high salaries decreasing their spending means cutting back on only the most superfluous luxuries (fancy cars, boats, McMansions, etc.) while for others with more modest salaries it means cutting back on more typical luxuries such as eating out, vacations, spacious housing, etc. + +I think the living wage calculation is particularly good as it breaks down basic spending across all of the most significant spending categories, as well as taking into consideration the cost of living in any particular metro area/county, the number of dependents, and the number of income earning adults in the household. + +The fundamental idea behind living wage is that it is the amount of money necessary for someone to live a minimally comfortable life. Now I'm not saying that everyone should be aiming to be at or below this number, the documentation of the calculator even states that the values it provides are simply a "step-up" from poverty, but I think that these values would provide a good relative target, for example within 150%, to help people aim towards with their spending. +Mateys, I be a shark upon the high seas. True, me own leg was carried off 4 years ago, when a Spanish galleon blew off our main mast. Now I have all but this oaken stump to show for the action. + +Now I see behind, an English frigate bearing down hard upon us. We've taken on water, and she's steering heavy. DAMN THE ENGLISH! We'll not be run aground by the beef-eating landlubbers and their lobster-coated marines. + +There remains but one question I must have answered, before we meet their guns in the smoke and death of naval battle. What means the Ethereum Hardfork? Speak! and be plain, for I am but a salty sailor and not a backend software engineer with 19 years experience in the technology sector. +Once you pass $20K in transactions, Coinbase is required to report your transactions to the IRS. It seems likely tax authorities around the world will follow suit, forcing Coinbase and the other exchanges to do the same for any of their citizens. So we should all be prepared to get taxed. + +I started looking into how to do it myself. You have to run several calculations on EVERY transaction between currencies or anytime you buy or sell for fiat. And you have to look up the historical values of your coins for the timeframe of each trade or purchase etc. It's a NIGHTMARE. I got totally overwhelmed and reached out to a CPA. They claimed to know about crypto taxes, but didn't know what a fork or an airdrop was, so I knew he was trying to scam me. + +Then I started looking for software solutions. I found bitcoin.tax, cointracking.info and ZenLedger.io. I felt like ZenLedger was the easiest to use, and also had really good customer support. I spent $400 on their "premium" tier, which was less than half what the CPA wanted, and more expensive than bitcoin.tax and cointracking, but those were super clunky and I got frustrated trying to import everything. I just wanted it to go smoothly, simply and be done with it. + +I am begrudgingly prepared to be taxed, are you? How are y'all managing your taxes? Do you have tools or software you like? +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! + +[Here](https://www.biopharmcatalyst.com/calendars/fda-calendar). + +It's ordered by date of when things will be reviewed by the FDA and will be announced. Obviously it's not all penny stocks, but you can have a scroll through the companies and do some DD if you think there's a good chance for something to dynamite. +Iā€™m 25F, live in the city at home with my parents. I work from home and only go into the office about once a week. + +I got my first job after uni in the summer of last year. As of this month, I currently earn about 2k a month. My pension is 6%. + +I pay for my own shopping (clothes, food etc), often my parentsā€™ grocery shopping and other things they need. My outgoings also include my monthly subscriptions, and commuting into work. I donā€™t own a car. + +Since I started working Iā€™ve saved about 1k - 1.2k a month. Iā€™m able to save Ā£1.5k if Iā€™m cautious about what I spend. + +Iā€™ve got Ā£8k in a LISA + an additional 2k so at the moment thereā€™s Ā£10k in that account. + +Iā€™ve got Ā£5.7k in a student account (this is getting me interest although itā€™s poor). Iā€™m going to move this into a Moneybox savings account with a 1.4% interest rate. I also reckon I should get a credit card to boost my credit score which is around 600 at the moment. Any advice on where I should go from here? +Today my mother, who doesn't even clearly understand mutual funds asked me how to trade in the equities market. Apparently some relative is doing it and making a living of it for a year or so and now my dad thinks this is a good idea. + +Now I am not much of a bear but this has all my alarm bells ringing. This gives me a feeling that a pretty deep correction is coming soon. Anyone else share similar sentiments? + +Edit: I never said anything about a crash. A correction is usually 10 % or thereabout. +Have not FIREd yet, mostly due to a nagging worry that a 3% SWR is not enough for potentially a 40-60 (max) year retirement. That seems silly, yet I have a hard time being completely comfortable with the idea. I guess it's like bungee jumping. You know very likely you will be fine, but taking that step off the edge is hard! + +Sooner or later I will be mistreated at work (happens to most if not all) - and maybe that will be the push I need! My question for those that are FIREd: did reaching a particular SWR trigger you setting your FIRE date, or a bad work situation, or something else? +I got rehired at a job and started working as a RN on October 25. I was expecting my first paycheck to be direct deposited on November 12. Of course, being a new hire again, I can understand delays with first paychecks, but I was able to see on our employee portal that a pay stub was generated. There was no money in my account however. + +Once I investigated further it appears that they (payroll?) entered my checking account number incorrectly. It was off by one number, but thankfully not a real account, so the bank just reversed the transaction because it was clearly an error. + +I have been calling, emailing, (and honestly just annoying) in any way I can the HR department about this issue and even emailed my union rep for the hospital. It seems like every time I reach out to them a different person answers the phone and we get nowhere. + +So, as of now I still have not received my funds and have not received any solution or expected resolution and said paycheck is almost 2 weeks overdue and still in limbo. Luckily my significant other has been able to cover my expenses. But, + +1. Is there some sort of more serious action I can or should take? It seems insane to me that this could go on when most people have mortgages, bills, etc. It seems like negligence on their part, but Iā€™m aware my emotions are involved, so Iā€™m open to feedback if I am overreacting.. + +2. Is this just a SOL situation and I keep on waiting and calling and move on? + +TLDR: Iā€™m 2 weeks overdue for my first paycheck due to a payroll error in entering my account number and want to know if there is more I can do that Iā€™m not already +Hi everyone, Just starting to dip my toes into this. I feel like i know a lot about some of the topics now but there's one thing i cant wrap my mind around. + +Australia is probably 1% of the global market or less. It's a market that has done well historically but i suppose so has the S&P500. + +Now i know there must be a good reason people have a large chunk of their portfolio in Australian stocks (my super fund, managed funds, the vanguard diversified funds) but i'm not actually sure why. Could someone shed some light on this? +I usually see people in this sub bashing newcomers because they ask stupid questions and this usually leads to them being too scared to ask anything. So if you are a beginner and you have a question that you fear is a stupid one, ask me in the comments and I will explain them to you without judging you. + +Also before asking, check the preexisting comments. + +Edit: aight guys hate to be bearer of bad news but Iā€™m an actual human person (relatively speaking) and I have a circadian rhythm which means I have to sleep now. I will try to respond to your questions in the morning + +Edit 2: Iā€™m back +Hi, I was curious if it is a good idea? I currently have three accounts and one of them is a joint account. I usually keep one as a savings, one for bills(this is the joint one), and one for payments for credit cards and loans. +As a 19M Iā€™ve always been told that Iā€™m too skinny and weak, so I decided to go to the gym for once. This week I invested $2100 into a gym membership and trainer for 3 months (8 sessions per month). What do you guys think, was this a good investment decision? + +I currently have about $8000 invested in stocks, $6000 immediately available, and have a coop that pays at $16 for 3 months. Iā€™m living in my parentā€™s house so I donā€™t have to worry about other expenses, and Iā€™m getting another cycle of student funds ($7000) after 3 months. + +My sister told me if I was more mature, I would have slapped myself. I guess itā€™s possible that I underestimated how much $2100 is because I made that amount from stocks instead of working my butt off at an actual job. + +Edit: Thank you guys for your opinion. Iā€™m sure this will be a good learning experience. Although it was a big mistake all I can do is make the most out of it. +I keep hearing about people who have multiple real estate properties or other investments. Is anybody cash poor but asset rich? If so, whatā€™s that like? + +I heard a story of a guy who inherited a multi million dollar home. His friends started assuming that heā€™s rich but he said he was working a day job. Heā€™s asset rich but he def doesnā€™t have 1 million in cash. +My husband and I are in limbo. We filed taxes for 2019 and 2020, on time both times. Never got returns, stimulus checks, nothing. Our taxes are removed from our paychecks. The state even took what money we owed them both years. We finally, after hours and countless attempts on the phone, found out that SUPPOSEDLY according to the IRS when we got married, the social security office sent my name change to the IRS incorrectly. IRS says they canā€™t change it but we went to social security and they said itā€™s correct in their end. I have no idea what to do. Can a lawyer even help with this? Honestly itā€™s a large sum now that itā€™s 2 years worth and stimulus checks, and it would help pay off some debt. Who can I contact? Weā€™ve tried some financial advisors but they arenā€™t sure. +On a throwaway just in case as it is to do with benefits and dont want abuse on my main. I lost my job last week. Mum of 2 living with partner and private renting. + +I was earning Ā£17.5k (pre tax) per year - partner works part time earning around Ā£9k per year + +I have sat down and done all the benefits applications and everything this morning and it turns out I will only be receiving about Ā£60 less per month than I was working - obviously this is offset by much reduced travelling costs and childcare costs so we will actually have more money in the household by more than Ā£150 per month + +I obviously want to find a new job as soon as possible but what is the point in having the kids in childcare before and after school each day and going to work just to be worse off? (obviously from a purely financial standpoint) + +How can this make any sense? I thought being in work was always supposed to pay more than being on benefits? +Almost all the information I find online is happy to explain what an index fund is and why you may want to invest in them. Can't find anything that explains the how. None talk about the mechanics of the funds. Very possible that I am not using the correct vocabulary when searching. + +Business Insider states: + +>[When you invest in an index fund, you're buying shares in all the companies that make up the index.](https://www.businessinsider.com/personal-finance/what-is-an-index-fund) + +Is this strictly true? When I purchase units in a fund, Vanguard Global All Cap Index Fund for example, am I actually buying shares in the companies the fund tracks or am I actually buying part of a fund that derives its value from shares? + +If it is the second option, when I invest am I actually buying anything tangible or is it more like a promise, *if the underlining company shares go up in value we will give you a share of the profits.* + +I have just started learning about investments and having a hard time understanding how these funds actually work and what, as an investor in such funds, am I actually buying. +Sure its free money for making a comment or post but they have zero utility just like the coins that are blasted to no end in here and down voted to oblivion such as Doge coin and Shiba. People are literally making post and comments now trying to just get likes to earn a few more moons and its obvious sometimes. This in turn is making this group less enjoyable for myself. I don't blame any of you for enjoy moons, I do also, its free money and who doesn't like that. I guess my main point is if you enjoy a coin that has no utility its unfair and makes no sense for you to bash other coins that other people enjoy and also have no real life utility. Even if Moons bring more people you r/cryptocurrency are these really the kind of people we want on this page? Maybe some of you can enlighten me on how this coin is actually different from the coins that are hated in here besides the fact that its free to people who make a post. I do realize you can buy this coin, which is exactly like buying a shit coin. I wouldn't be surprised if this post gets downvoted a lot but this is making a lot of sense to me. +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! + +They have been around since 2013. They were reputable, reliable and the "goto" here in Canada. I would suspect most Canadian crypto holders have purchased or sold from quadriga. Many users (especially less technically sophisicated ones) have FIAT or crypto on the exchange. + +Major carnage at [https://www.reddit.com/r/QuadrigaCX/](https://www.reddit.com/r/QuadrigaCX/), but many posts being removed by mods. Suicide prevention numbers posted, people posting that they have lost tens and hundreds of thousands of dollars. + +&#x200B; + +**This marks a black swan event for crypto in Canada.** + +&#x200B; + +[https://www.quadrigacx.com/](https://www.quadrigacx.com/) + +>*January 31, 2019* +> +>*Dear Customers,* +> +>*An application for creditor protection in accordance with the Companies' Creditors Arrangement Act (CCAA) was filed today in the Nova Scotia Supreme Court to allow us the opportunity to address the significant financial issues that have affected our ability to serve our customers. The Court is being asked at a preliminary hearing on Tuesday February 5 to appoint a monitor, Ernst & Young Inc., as an independent third party to oversee these proceedings.* +> +>*For the past weeks, we have worked extensively to address our liquidity issues, which include attempting to locate and secure our very significant cryptocurrency reserves held in cold wallets, and that are required to satisfy customer cryptocurrency balances on deposit, as well as sourcing a financial institution to accept the bank drafts that are to be transferred to us. Unfortunately, these efforts have not been successful. Further updates will be issued after the hearing.* + +&#x200B; +I am 41, my wife is 35, and we just hit the 7 figure mark in December. We plan to RE at 2 million and am putting around 100K per year into investments (401ks, Roths, Taxable). My daily market swings are bigger then my paycheck deposits. I am really worried about the upcoming bear everyone is predicting. I have made a lot in the past few years, should I become more conservative and move more into bonds? I know you can not time the market, but you can prepare for the worse. Looking for advice of those who were around in 2007/08/09. +**I feel like it's been opposite day for weeks now.** + +Everything I did today that'd make sense at a technical level I did the opposite and I killed it today. + +Vix chilling around 30? Fucking SPY calls that bitch. + +BABA analysis for puts over the week? BABA calls. + +Promising earnings from DOCU and what happens? The shit drops by 40%. + +The only thing that seems to be reasonable is Apple which, well, it's apple and at this point, who fucking knows. The market is literally running a zig zag right now and might as well be a casino. Bet yall $5 bucks SPY will be over 470 by 1 Jan 2022. Why? Because I don't have a fucking clue why. Just because BALLOONS AND ELPHANTS. + +With all that said, I'm pretty sure the markets are at a new low of inefficiency. There may be some plays that can be interpreted, but even plays put out by whalestream have been getting murdered and they've been killing it for months now. + +Does anyone have a source they go to that can follow this madness and make something of it? +I started day trading in 2015 with zero experience. After all these years of testing methodologies back testing stocks,options, futures and forex, I was wondering what is the best platform for trading futures and Forex. I have tried MLQ4, TOS, and NinjaTrader. I am currently using Ninjatrader for my futures trading. I found out from my personal experience that to become a consistent trader, one has to manage risk to stay in the long game. This is now my morning trade on the NQ. +I have been investigating some etfs like xeqt/xgro vs veqt/vgro. + +The vanguard offerings have more allocated to Canadian equities. I read that this makes its slightly more tax efficient. Does this matter at all when the fund are in a TFSA? Could I invest in the underlying funds and allocate a custom amount to these fund with even less allocated to Canadian equities when in TFSA? +I saw recently saw this article online and I was not surprised to see Canada listed at one of the top countries with highest housing bubble risk. + +[https://www.visualcapitalist.com/mapped-the-countries-with-the-highest-housing-bubble-risks/?fbclid=IwAR1XWNd3n3HzId7MJMLz\_SE\_POBnPqiFyLIqmOIQ3wOOedM135lEPqooHmo](https://www.visualcapitalist.com/mapped-the-countries-with-the-highest-housing-bubble-risks/?fbclid=IwAR1XWNd3n3HzId7MJMLz_SE_POBnPqiFyLIqmOIQ3wOOedM135lEPqooHmo) + +&#x200B; + +Edit : What do you think about housing market in Canada and what do you think about investing in Real Estate / REIT ? + +&#x200B; + +Thanks all +Moving back up after the offering that braught the share price down. They needed the offering to help with the expanding into the us. Do some dd. This is going places and they have yet to announce their new us partner(s) + + People interviewed on bloomberg seem to think once their 2500lbs carrier is up and running theyll be baught out by Fedex or ups. +Does anybody know of any REIT ETFā€™s that focus primarily on industrial properties? This can include data centres as well. +XRE is only 19% industrial and ZRE is 18%. CGI is a global ETF that has decent industrial holdings including Prologis but I canā€™t seem to find any ETFā€™s that just hold mostly industrial REITs. + +I could always buy Summit REIT and DREAM industrial and risk it on two pure industrial REITs but was looking for something more all encompassing and unique. + +Thoughts? +Hey guys, I'm a long time lurker, and I figured that now is the time to make a post. + +I was recently accepted into Brown University Early Decision (for those who are unfamiliar with the college application process, this means that my decision is binding--the only reason I can refuse to go is for financial reasons). Firstly, I should say that Brown University is my dream school. I come from a family of drug addicts and alcoholics, so I never thought that someone like me could get accepted into a school like this. That being said, I've been more or less estranged from my father for 6 years (my parents are divorced), but for some reason, I still had to report his income, and it was taken into consideration when determining my financial aid. + +The total cost of attendance is around $70k, and they offered me about $25k in financial aid because my dad makes a lot of money. I can pay- at most- $10k a year. I appealed the decision and filled out a non-custodial parent waiver to try and exclude my father, but both were completely rejected. To add insult to injury, the financial aid office recommended that I take out an 8% interest loan from their office. Can anyone give me any advice? Is it worth going $170k+ into debt to attend Brown? What should I do? + +Things I've tried: + +* Applying for third party scholarships + +* Calling the Finaid office/Appealing for more aid + +TL;DR: Got into Brown, can't pay for it, wasn't offered even close to enough financial aid, need advice. + +Thanks guys! + + +Bonus is $50,000. Job is very much a lateral move in terms of pay (~140k) but is a better commute. + +There are similar jobs in my area which come with student loan forgiveness benefits, which I would jump ship for if I could in the next 3 years, so there's a chance I do leave. + +I have a personal policy of never turning down $50,000 (turning down the $50,000 is an option), but I'm not quite sure how to do the financial calculus on this one. + +Currently have $40k saved up, no immediate need for $50k (though it might entice me to buy a home if I had it). + +How should I be thinking about this offer? +I have recently started coding my own crypto trading bots, as a way to remove emotional impulses from my trading strategy and have tested a few designs with various degrees of success. + +I have recently been testing this particular bot with different coins and got some interesting results. While it underperformed on Bitcoin, it actually came in profit during a week of live-testing on XLM. + +Here are parameters that I set for the bot: + +* The bot will be trading Bitcoin automatically if the price has increased by more than 3% in the last 10 minutes. +* We will have a stop loss of 5% and take profit of 8% - this can be improved with a trailing-stop functionality. + + Have you ever traded with a crypto bot or built one yourself? Let me know your thoughts! + +And of course, here is a guide you can follow to build your own along with the open-sourced code: + +Guide: [https://www.cryptomaton.org/2021/03/14/how-to-code-your-own-crypto-trading-bot-python/](https://www.cryptomaton.org/2021/03/14/how-to-code-your-own-crypto-trading-bot-python/) + +GitHub repo: [https://github.com/CyberPunkMetalHead/Bitcoin-Surge-Trading-Alpha](https://github.com/CyberPunkMetalHead/Bitcoin-Surge-Trading-Alpha) +**My dad owes around $100,000 on a Discover credit card. They made an offer for him to pay 60% of that balance. He is asking for my help and I'm so lost on what to tell him.** + +* Discover made an offer to my dad allowing him to only have to pay 60% of the balance, so $60,000. +* Even if this amounts to "small" monthly payments he will still have to pay taxes on that debt forgiveness of $40,000, which would be due all at once I presume? +* Can he or someone else negotiate this down even more? I'm really worried about the tax he would have to pay on the debt forgiveness since he basically has no cash flow. +* What happens if he misses a payment? +* Maybe bankruptcy is a better option? Would talking to a bankruptcy attorney being a wise way to go about this and see what they would suggest? +* Is there anyone else he can speak to to help him decide what the best course of action is? +* He is in his mid 60s and his credit is already not very good. +* He also owes smaller amounts on different credits cards. + +I'm sorry about all the questions and the randomness of them but any hint of advice or direction would be greatly greatly appreciated. +Itā€™s just thread after thread of insults, in-fighting, and people calling each other idiots over terminology. BTC vs. BCH. What a toxic place! + +Thanks for not being a _total_ dumpster fire, Ethtrader! +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +[šŸ’©](https://preview.redd.it/m7hkzhysk6791.png?width=863&format=png&auto=webp&s=3881c1f8529790ec74f9fe98ca3411698aa70c48) + +&#x200B; + +[šŸš½](https://preview.redd.it/6z77s7gwk6791.png?width=893&format=png&auto=webp&s=53ffe1d17faf0f123919ab3a6a501c60c3aeb330) + +&#x200B; + +[Seriously like, take a while to go thru Duggie's twitter since Jan 2021 to get a sense of what the biggest cheerleader for PFOF looks like, and then ask yourself if it makes perfect sense that this guy would openly brag about infinity pools on the news šŸ¤·ā€ā™‚ļø](https://preview.redd.it/4w2ejsryk6791.png?width=841&format=png&auto=webp&s=74d2a168de2a653216b0111f0894c8aca76f51d6) + +# + +# Goal: collect available dark pool data on $GME with respect to Virtu's activity + +&#x200B; + +I'm interested in making a simple experiment with [the dark pool data on $GME that is available through FINRA](https://otctransparency.finra.org/otctransparency/OtcIssueData). I'd like to see if Virtu's trading activity on $GME in the dark pool has changed at all in the past 6 months. My hypothesis, based on watching dark pool activity for a year and a half on $GME and other memestocks, is that Virtu began to alter its dark pool trading patterns at the beginning of this year. Specifically, what I've seen is that Virtu's number of trades have declined somewhat in comparison with Shitadel. My question is: *Does the reduction in number of transactions coincide with a drop in overall dark pool activity relative to other institutions and brokers*? + +&#x200B; + +This project came to mind recently as I saw Doug Cifu (aka 'The Hotdog Financial Terrorist') in the news making a complete ass of himself on TV. It reminded me that I've been tracking his company Virtu (aka 'Virtute') since January 2021 on the dark pool for $GME and other meme stocks. I'm giving this background to explain why I don't actually have all the data that would be necessary to conduct this experiment properly. The issue is that FINRA is so kind as to delete its back data, keeping only 6-months worth on the free public page. I think there is a way to pay for the older info, but I'm not about to. It's also very likely that I have the screenies somewhere on my computer but I don't feel like finding them: probably other apes are keeping the record and can build off this DD going forward. For what I want to think about, I believe the current data running back to November is sufficient. + +&#x200B; + +# Data on $GME: dark pool monthly reports from November 2021 to (most of) May 2022 + +&#x200B; + +The screengrabs from FINRA shown below will form the backbone of the investigation. I'll also use data from other memestocks as well as from boomer stocks for controls, but I won't post those datasets here since they're not relevant. Also keep in mind that I'm working solely with OTC Non-ATS issue data (Over-the-counter, non-Alternative-trading-system). There's also OTC ATS issue data that should figure into a robust study of the $GME dark pool. But because these numbers (which primarily come from retail) are always significantly lower than the tute activity on the OTC non-ATS, I won't include them here. + +&#x200B; + +For the $GME data that I'm sharing below, **pay attention to a couple of things**: + +&#x200B; + +* Number of shares traded and number of transactions. + +&#x200B; + +* The brokers/firms on the list besides the big names. Especially keep an eye out for: + * De Minimis Firms (= private undisclosed tutes) that tend to trade a lot of shares at relatively few transactions. + * Boutique brokers such as Robinhood and Drivewealth which *almost always have the same number of shares traded as trades performed, implying that this particular subset of the dark pool* ***is being traded daily at 1 share at a time*** *while others on the list average (for the first report available, i.e. Nov 2021) 63.5k trades for 1.6m shares total, or an average of 25 shares per trade.* + +&#x200B; + +* The last time the data was updated. REMEMBER: ***EVERYTHING IS SELF-REPORTED***. Data can be updated whenever, and on the first report shown below it can be seen that the November data continues to be updated 6 months out. + +&#x200B; + +* ~~If there is a discrepancy between the totals on the top of the report and the totals that are found by adding each individual report~~. Don't start adding though, I've checked all the data below and haven't found any discrepancies. I'm mentioning this because I've found that the monthly reports do not always match up with the summation of the corresponding weeklies (or I'm bad at adding); but to go through all that data now would be painstaking, and for the purposes of this DD, the possible discrepancies on the monthlies shouldn't be a huge issue. + +&#x200B; + +* When new institutions enter on to the list that have not been there before (typically happens during periods of heavy volume). + +&#x200B; + +* When the number of shares traded/transactions end in a round number; this may be understood as evidence of algo/HFT trading, especially when it is considered that round lots of 100 shares can be used to change the tick. + +&#x200B; + +[Nov 2021, Virtu performs 130,768 trades for 5,309,067 shares, or an average of 41 shares per trade. \[\*Note that National Financial Services should be circled like RH and Drivewealth as \(nearly\) 1-for-1 trade activity.\]](https://preview.redd.it/d2xan1pcl6791.png?width=1650&format=png&auto=webp&s=849502cc8da48128be11f7b35c88d43963b6ebcc) + +&#x200B; + +[Dec 2021, Virtu @ 41 shares per transaction.](https://preview.redd.it/klwwfg3el6791.png?width=1522&format=png&auto=webp&s=c4420f7bd37f1725b88f60d413ff72cddbd93732) + +&#x200B; + +[Jan 2022, Virtute @ 52 shares per transaction.](https://preview.redd.it/42yg2cifl6791.png?width=1530&format=png&auto=webp&s=4c66a0ed5d3a8aed2f9147937891f711e9817e21) + +&#x200B; + +[Feb 2022, Virtute @ 64 trades per transaction.](https://preview.redd.it/0hs8n59hl6791.png?width=1542&format=png&auto=webp&s=69387bf414e38cf83f1bbd14f890122dcb6fed7c) + +&#x200B; + +[March 2022, Virt @ 83 shares per trade.](https://preview.redd.it/u9gx51qil6791.png?width=1510&format=png&auto=webp&s=7c20bdb1a873fb68aed85eef745dbf37a4c20fba) + +&#x200B; + +[April 2022, Virtute @ 70 shares per trade.](https://preview.redd.it/830mlglll6791.png?width=1538&format=png&auto=webp&s=f93b13f370549dce99a00a659ef7747633c48a0e) + +&#x200B; + +[All the May 2022 reports are out but not collated by FINRA yet for some reason. Virt total is 149,585 trades for 11,542,000 shares or 77 shares per transaction.](https://preview.redd.it/o0j88d7nl6791.png?width=3140&format=png&auto=webp&s=0d67f25c07510d8de8b71b907a7147088fed317c) + +&#x200B; + +# Collecting the data: Virt activity on $GME compared with Shitadel + +&#x200B; + +Now I'm going to take the data for Virtu and compare it with the other big player, Shitadel, as well as compared with each report as a whole: + +&#x200B; + +[The data from above collated.](https://preview.redd.it/y4xh9x0ql6791.png?width=1230&format=png&auto=webp&s=c36f6dfd309d27d2753c3f9e02eb5d8c572cb638) + +&#x200B; + +I started to wonder about this data when I noticed that Virtu's number of trades seemed to be declining. As it turns out there is a slight decline noticeable, especially recently in April and May. Here's what the data looks like just comparing the discrepancy between Shitadel and Virtu: + +&#x200B; + +[This shows discrepancy of Virtu with respect to Citadel.](https://preview.redd.it/jihwptarl6791.png?width=855&format=png&auto=webp&s=e78b0d165a10d56d55d1e27c6415810864b9cb06) + +&#x200B; + +As can be seen here, the trade discrepancy has been growing slightly, so too the shares-per-trade discrepancy. It appears that Virtu is executing less trades at greater amount of shares per trade (though with less shares overall traded compared to Shitadel, except during the March anomaly which may be explainable with some tinfoil below). It may be that in order to keep up the same pressure on the ticker that Citadel is exerting (since it's clear that the two tutes move in near unison as they report numbers more similar to one another than other participants) Virtu has to make bigger trades to compensate for their reduction in traffic. If the goal is to lower the tick with a 100-lot trade, then it seems to me that Virtu is having to do more of these 100 lots than 6 months prior, therefore the average number of shares per trade is approaching 100. Probably Virtu is more comfortable with trading 100 and the 1 or so, thus the earlier averages at around 40 to 50. To execute the bigger trades, Virtu is probably needing to sweep the live book to capture enough shares to round off their lot. This can be an expensive operation. If this is in fact what's going on, then it's observable from this data that Virtu is struggling to keep up the frequency of their trades which may be costing them a lot in fees to keep executing the way they were in 2021. Right now it seems like Virtu needs some kind of off-ramp from the $GME dark pool or else they will continue to be crunched by having to move more and more shares with less and less resources. + +&#x200B; + +# Control data: comparison with other memes and boomer stocks + +&#x200B; + +This part of the experiment could go on forever. I'm opting to just take a look at two other memestocks and then two boomerstock for control. Additionally, because of the NMS Tier 1 vs Tier 2 reporting, other stocks don't have full May data like GME does, so I won't be including that here. + +&#x200B; + +[Data for $\*MC. It can be seen that there's a different pattern going on here than with $GME. Virtu does trade less shares with less frequency, but it appears that in this case Shitadel is pulling more weight on $\*MC since the beginning of the year. Looking at Virt's activity in Nov and Dec, it seems that here too it can be seen how Cifu's company is not keeping up the dark pool pressure in the same was as Citadel \(though they're failing to do so in a way that isn't the same as with $GME\). Both tutes are approaching 300 shares per trade, demonstrating a similar issue of having to do more than before to lower the tick.](https://preview.redd.it/f24qcsktl6791.png?width=1813&format=png&auto=webp&s=56fb871735f0a60e346cab15845a055a1fc3e726) + +&#x200B; + +[Data for $B\*BY looks more similar to $GME, showing that Virtu's more-shares-for-less-trades pattern with respect to Shitadel accelerated quite rapidly recently on this ticker. On the Feb report, Virt traded less shares than De Minimis as well as Citadel.](https://preview.redd.it/24l6sfbwl6791.png?width=1825&format=png&auto=webp&s=e919f6e68748e220ee2da5ca7c1cd7b8167d38a1) + +&#x200B; + +The meme data is somewhat inconclusive, and a bigger sample will need to be drawn from at another date. There is some reason to say that the evidence of Virtute's struggles can also be seen on these tickers, but there is also the issue that these separate companies have had very different histories with these tutes than $GME. For instance, $\*MC sees more dark pool activity than $GME but is not shorted through the $X\*T in the same way as GameStop Stock. The different dark pool structures may produce different overall patterns that, though divergent, may nevertheless together support a conclusion that Virtu's trading activity has altered in some way this year. Again, a much bigger data-set is needed here. + +&#x200B; + +[Data for $\*MZN fits relatively well to the $GME results.](https://preview.redd.it/ia61jelzl6791.png?width=1836&format=png&auto=webp&s=15293dbf6522abf0dc8a67561a9897bf9f45678d) + +&#x200B; + +[$\*APL data provides an excellent example of the Virtu phenomenon in question.](https://preview.redd.it/n2jjy9y0m6791.png?width=1842&format=png&auto=webp&s=180dc05e18b069cdf3772d7806c6859540dfdc97) + +&#x200B; + +Looking at the boomer tickers gives a great match with the $GME hypothesis. It really does look like in these cases that Virt can't keep up with its commitments to its Shitadel overlord. Perhaps as Virt struggles to keep up with tickers like $\*MZN and $\*APL it's throwing too many resources at a $\*MC or other memestock to try to keep their head above water on some of their more dangerous infinity risks while cutting down their interest in traditional tickers. + +&#x200B; + +# Tinfoil time: y u mad Dug? + +&#x200B; + +Could this explain why Duggie is big mad to the point of openly stating that he's in for infinity risk on TV? + +&#x200B; + +[DRS your shares folks! If you notice when you go through the Hotdog twitter that he hasn't come for DRS, but keeps trying to frame the conversation in terms of PFOF. He is conveniently leaving out Virtu's dark pool activity by doing so---activity which is under direct threat from the $GME DRS movement.](https://reddit.com/link/vi6hj6/video/azgw6k74m6791/player) + +&#x200B; + +Maybe it's a combination of things since his ticker is starting to feel the pressure: + +&#x200B; + +[The price is wrong šŸ¤­](https://preview.redd.it/rncblm46m6791.png?width=1042&format=png&auto=webp&s=7b11affbe55fa5e171ccd6ff4160b3c3d845fc89) + +&#x200B; + +For whatever reason the other tutes seem to leave Duggie alone, so I guess the drop is his own? Well, to be fair, he does get some nibbles from a mystery De Min and his pal Ken: + +&#x200B; + +[Not even UBS??](https://preview.redd.it/wauksd08m6791.png?width=1728&format=png&auto=webp&s=3d87897a087e35bfef4e86ec3546291b4211eaa7) + +&#x200B; + +My tinfoil is telling me that Virtu's activity started to change around Feb of last year, perhaps coinciding with DOJ activity into block trading (which, yes, can be done on the dark pool). What was seen during this time was a bit strange. On Bloomberg it appeared for a bit that VIRT had disappeared entirely from the lit pool. While it resurfaced again later, the momentary disappearance suggests that all the lit activity for that period had to be moved over to the dark pool---possibly because the real battle was being fought on that front. + +&#x200B; + +[Virtute goes from leading the lit traffic on $GME in Jan 2022 to disappearing from the data in mid-Feb.](https://preview.redd.it/zrcuul99m6791.png?width=2836&format=png&auto=webp&s=dc3e417e391a9fb0adfa318919807deb94c62950) + +&#x200B; + +This same mysterious disappearance also happened on $\*MC: [January](https://i.redd.it/qzevsyy7eoi81.jpeg), [February](https://i.redd.it/6ksyqqy7eoi81.jpeg). Sometimes Virt likes to trade on the lite exchange not through its VIRT broker code, but as NITE---the former [Knight Capital](https://en.m.wikipedia.org/wiki/Knight_Capital_Group), known for 'accidentally causing a squeeze because there was this totally harmless power peg function built in to the system but then they got bailed out by tutes anyways but that was all a total accident OK?' Knight Capital is listed as a [known scam company in England](https://www.fca.org.uk/news/warnings/knight-capital-markets-clone). As the alter-ego that dark-pool-loving Virt appears to use when they want to trade on the lit but not show up, Knight loves some of those fake-o memes: [Jan 2022 activity](https://i.redd.it/d4wul7c79oi81.jpeg), [Feb](https://i.redd.it/nxq2thc79oi81.jpeg). From this it appears that what I guessed above is somewhat true: Virt (or at least NITE) has as heavy a hand in 'memes' as in boomer tickers, suggesting that there's a constant balance to keep activity (read: bagholding) on both baskets afloat. + +&#x200B; + +# Conclusion: hodl and keep the pressure on + +&#x200B; + +Whatever the case, I hope to have partially demonstrated with the incomplete data I have that Virtu is feeling the pressure on the $GME dark pool where it isn't able to keep up with Citadel like it used to, but where it also is finding that to keep up at all means taking on bigger and bigger (and likely costlier and costlier) trading habits. Maybe that's why The Hotdog Financial Terrorist feels the need to bark so much? I.e., because he can't bite off the whole hotdog anymore in this 'contest' that he seems to think is a race to see who can eat more dogs (i.e., have greater risks/bags), when really there's no need for him to Kobayashi it as fast as possible since retail ***will never stop*** eating those yummy dips and ***will never stop*** being hungry for DRSing $GME. + +&#x200B; + +# NOT FINANCIAL ADVICE + +&#x200B; + +[šŸ–•](https://preview.redd.it/k8pd3h3dm6791.png?width=1133&format=png&auto=webp&s=7bdc580dc21533c7b2102cb60374103b9da840df) + +&#x200B; + +(edit1: formatting) +RSI basically shows the strength of the market. There are Overbought zone (70+) and Oversold zone (30-). +Iā€™ve seen many people using RSI based on these signals, looking at if the market is oversold or overbought, and then selling if they think it has gone up ā€œtoo muchā€ and RSI is overbought or selling if it has gone done ā€œtoo muchā€ and RSI is oversold, sometimes they use divergence to take a position. +Well, this is the wrong way to go, let me show you why. +So, this is Microsoft, you can see these divergences in many charts in low or larger timeframe. Iā€™ve chosen this one because it was the most representative: https://www.tradingview.com/x/yQhzldpo/ + +So, you could have seen the divergence and say, ok market is losing strength while prices are going up, this is not good. +Or you could have seen the divergence, tell to yourself, ok we are in an uptrend and we are seeing a divergence in a large timeframe, I must be careful. We are in an uptrend, so I apply the strategy, I still have a buying strategy but Iā€™m careful. In this way, you would have to keep your position on the side of the market, while being cautious and taking fewer risks. +What happened is that the trendline on the RSI that was based on the divergence, have been broken. This is a strong signal that the divergence will not be played and will not transfer into a downtrend. This is a signal that shows that the market is not ready to dump, is not losing strength. +What I do with RSI, is that I use it to see where the trend is going, and I use the neutral zone, and I just follow the trend. I donā€™t use it as a tool to counter the trend, I use it to follow it and identifying dips and selling point. I use also support and resistance and wait for a RSI signal coupled with a stochastic signal together (they work very well together) and take a position like that. +I hope that helped some RSI users, and Iā€™m happy if you werenā€™t doing that mistake! + +Any questions about how to implement RSI in a strategy? +Maybe too much Mayo memes have made us think that theyā€™re too stupid (maybe too stupid). Theyā€™ll want to take advantage of it. + +The Glacier Capital bullshit was too obvious. Maybe too obvious and good to be truth. Remember, even if theyā€™ve done some dumb shit, this people is still very smart. + +I think that they are using this strategy to have a MASSIVE opportunity to cover as much as possible. How? Incentivizing people to DAYTRADE. + +Itā€™s so obvious that if Glacier Capital was margin called, many apes would call out the bullshit and know itā€™s a fake short squeeze. Hedgies know this, and they also know that this would incentivize many apes to day trade. + +This could be very dangerous because it would help them cover. + +Patience Apes!! We just need to wait and found out how many votes there are to expose those mofos and fly to andromeda. Donā€™t bite the bait. +Maybe too much Mayo memes have made us think that theyā€™re too stupid (maybe too stupid). Theyā€™ll want to take advantage of it. + +The Glacier Capital bullshit was too obvious. Maybe too obvious and good to be truth. Remember, even if theyā€™ve done some dumb shit, this people is still very smart. + +I think that they are using this strategy to have a MASSIVE opportunity to cover as much as possible. How? Incentivizing people to DAYTRADE. + +Itā€™s so obvious that if Glacier Capital was margin called, many apes would call out the bullshit and know itā€™s a fake short squeeze. Hedgies know this, and they also know that this would incentivize many apes to day trade. + +This could be very dangerous because it would help them cover. + +Patience Apes!! We just need to wait and found out how many votes there are to expose those mofos and fly to andromeda. Donā€™t bite the bait. +I have created a spreadsheet visualizing and quantifying where exactly this $1T is going towards, suprised when EV spending only was $15B. [https://docs.google.com/spreadsheets/d/19APybZGOdsTe3bVSaDcduXnrSrGuUclZeR4aWsf5WVE/edit#gid=0](https://docs.google.com/spreadsheets/d/19APybZGOdsTe3bVSaDcduXnrSrGuUclZeR4aWsf5WVE/edit#gid=0) +r/wallstreetbets is not approving my high quality DD for no reason. So let r/options be the one to enjoy this. + +Recently after Grizzly, Citron also wrote up a [report on GSX fraud](https://citronresearch.com/wp-content/uploads/2020/04/GSX-Techedu-The-Most-Blatant-Chinese-Stock-Fraud-Since-2011-ver2.pdf). + +You can read up the report by yourself, but I donā€™t want to repeat anything in this report and want to tackle this problem in another way. My DD is a surface level proof to Citronā€™s report. + +2020 has not been a good year for GSX. It should have because stay at home order should have boosted their business. But short report come out twice for them and apparently they are getting [sued by VIPKID](https://cj.sina.com.cn/articles/view/1887344341/707e96d502000v34a?cre=tianyi&mod=pcpager_fintoutiao&loc=1&r=9&rfunc=3&tj=none&tr=9) for unethical acts and hacking yesterday asking for 8 million RMB (1.13 Million USD). + +The interesting thing I am seeing is some clear act of fraud just on the surface. + +Go into their website, you can see all the free classes have a number indicating how many people are signed up. But all the paid classes is not showing a number. + +&#x200B; + +https://preview.redd.it/c6cqa52a3at41.png?width=624&format=png&auto=webp&s=2051cac1bd0a153d93eca511260d4809076acf25 + +If you click into each of the paid classes, you will see some small text on the right bottom: ä¼˜ęƒ ę“»åŠØäø­, 仅剩3äøŖ名额, which translate to: Discount, only 3 spots left. + +&#x200B; + +https://preview.redd.it/8d75wkxc3at41.png?width=325&format=png&auto=webp&s=86fa0424379526fd1328ced11d1d9a59b5ce0475 + +&#x200B; + +https://preview.redd.it/e9sen1kd3at41.png?width=327&format=png&auto=webp&s=03d501e2cf1cc8288ce4a71a44d60129654d631b + + + + +https://preview.redd.it/a640bw6e3at41.png?width=346&format=png&auto=webp&s=4c140cd813069b8ccacf56098d6cfee5defcd10f + +If you check a lot of the classes you will see most of them are having this little text, it is always 1-5 spots left. What are the chances most of them have so few spots left so you can join now or never? + +Another very interesting thing is their app on AppStore. (This is a Chinese AppStore account) + +You can see there are a lot of different usernames comment the exact same long review 1 year ago. So goes for the untrustworthy 4.8 start review. + +&#x200B; + +https://preview.redd.it/0o7ia7ye3at41.png?width=444&format=png&auto=webp&s=b43de0120dc455e7385d184634469530fbfee32f + +&#x200B; + +https://preview.redd.it/dmi9rjof3at41.png?width=444&format=png&auto=webp&s=2c845421ff4ea3fcce18838284ecb5ae5784863b + +Citron also mentioned there are a lot of fake comments in the classes itself, so seems this is a common practice for them: + +&#x200B; + +https://preview.redd.it/icgtxtfg3at41.png?width=389&format=png&auto=webp&s=16db2e5a35eb7ff389839018638a727137774444 + +Now letā€™s talk about the [CEO](https://baike.baidu.com/item/%E9%99%88%E5%90%91%E4%B8%9C/55090). He recently tweeted on Weibo about the situation. If you know Chinese, or use Google Translate on image, you can see what he is saying. He is basically saying none of these is making sense. But he did not give any solid number or arguments. All he said is a very emotional: No thatā€™s all bullshit. You guys are so arrogant you donā€™t even know what we are doing. + +I donā€™t know what you think but my gut feeling is that he donā€™t have anything concrete to show. + +&#x200B; + +https://preview.redd.it/uz6ksp6h3at41.png?width=602&format=png&auto=webp&s=45a90dae6dcd4f23b7309f9d26bcf58cfd7cb847 + +Besides this He also replied with other [emotional messages](https://www.cnbeta.com/articles/tech/968093.htm). + +A semi famous Chinese writer also has written a response to the CEO. What this says is basically: if you have concrete earnings, them US shorting you is a great opportunity for you, just go ahead and buy your own stock. Why do you so eagerly go on Weibo and streaming rants trying to say they are wrong instead of taking this opportunity? + +He also explained they are expanding to a very small market (I donā€™t know what that is) right now, an act of desperation. + +&#x200B; + +https://preview.redd.it/vxdsqi0i3at41.png?width=584&format=png&auto=webp&s=084f1b311243b42d74ef2d447fb89bfccfb036bc + +In Conclusion, Citronā€™s report is solid and easy to prove and I see this is another LK opportunity. +I work in fast food, we are quite short staffed, burnout, trying to pay bills and such, the food pantry and certain city services are awesome and helpful. I was told last week I'd be given a raise then told today April Fools about the thing last week, man I'm not very happy. a worker quit today from that as they were also promised a raise but got fooled, but I can't quit as I need money to pay things off. + +Just crazy how store owner showed up today to tell us all its April Fools, guess that's capitalism for ya people think they can slave us away haha. + +Anyone else's work April Fooled them? Hoping one day to get a raise though, minimum wage barely pays and with rent prices increasing its annoying. +I'm not sure if it's okay to post this kind of questions but.. here it goes: + +I just finished reading the "The little book of common sense investing" by John C. Bogle. In general, it was a great book and I learned a lot. + +Basically, the book goes on and on in showing why Index funds (TIFs) are better than actively managed mutual funds and buying stocks directly via brokers and so on. The book presents this really well with a lot of facts and data. Really cool. + +**BUT**: Chapter 15 and 16 stroke as a bit strange to me. They are: *The Exchange-Traded Fund (ETF)* and *Index Funds That Promise to Beat the Market* respectively. + +My impression is that the author completely dislikes the idea of ETFs. There are numerous statements in these two chapters where he expresses his dislike/disbelief in them. Example (page 179) + +>the principles of TIFs have been challenged by a sort of wolf in sheep's clothing, the exchange-traded fund (ETF) + +The author also talks about the Spider, the first U.S ETF. Another quote from the book: + +>Spider and other similar ETFs are primarily used by short-term investors. + +He also states a couple of times that ETFs are a bad thing because people are trading them, often using past performance as a measure of success and because again high fees and analysts trying to sell this and get money out of it. + +In counterpart, the author also states that ETFs, when held for long periods are okay. Example: (page 186) + +>Broad market ETFs constitute the only instance in which an ETF can replicate, and possibly even improve on, the five paradigms listed earlier for the original index fund - **but only when they are bought and held for the long term** + +&#x200B; + +So it's clear that ETFs are bad when people trade then, like stocks and good when executing the buy-and-hold approach. But, this book is from 2017 and.. from reading a lot of places I never saw anyone saying that trading ETF (when I mean trading I mean multiple times a day, actively) was even a thing. Since I started studying this (2-3 months ago) I only got that ETFs were for the long run. + +Does anyone that read the book felt the same way? Or is it just me? It seems that the author has a big bias on it, but at the same time Vanguard also provide ETFs and they are the biggest one, I guess? I felt that these two chapters spent too much time on stating only bad things about ETFs and very briefly stated when they are good. Kinda feel even a bit scared now. Should I use TIFs or ETFs? :S +Hello, + +I currently work for one employer in Poland and would like to continue to work for them, but I've since decided to move to Finland. + +I currently receive my Polish income through a intermediary and only pay around 8.5% income tax. I asked them how the move would affect my tax situation going forward and they've told me that non-resident tax in Poland would increase to 20% if I moved to Finland and kept invoicing through their company. + +I have two choices 1) continue to invoice through Polish intermediary and pay 20% tax and then in addition deal with double taxation issue in Finland or 2) invoice directly from Finland and pay all taxes there (I am going to assume they will be more than 20% and that I will be able to avoid YEL contributions on this income). + +I've found the double taxation agreement and pasted the part related to income from employment. I am wondering if anyone here can help me to interpret the meaning of this legalese or has any general advice for me. + +Appreciate any help, thank you. + +##### Income from employment + +1. Subject to the provisions of Articles 15, 17 and 18, salaries, wages and other similar remuneration derived by a resident of a Contracting State in respect of an employment shall be taxable only in that State unless the employment is exercised in the other Contracting State. If the employment is so exercised, such remuneration as is derived therefrom may be taxed in that other State. + +2. Notwithstanding the provisions of paragraph 1, remuneration derived by a resident of a Contracting State in respect of an employment exercised in the other Contracting State shall be taxable only in the first mentioned State if: + +a) the recipient is present in the other State for a period or periods not exceeding in the aggregate 183 days within any twelve month period commencing or ending in the calendar year concerned, and + +b) the remuneration is paid by, or on behalf of, an employer who is not a resident of the other State, and + +c) the remuneration is not borne by a permanent establishment which the employer has in the other State, and + +d) the employment is not a case of hiring out of labour. + +3. Notwithstanding the preceding provisions of this Article, remuneration derived in respect of an employment exercised aboard a ship or aircraft operated in international traffic by an enterprise of a Contracting State, may be taxed in that State. + +source: [https://www.finlex.fi/en/sopimukset/verosopimusteksti/2010/20100021#itc20100021Art14](https://www.finlex.fi/en/sopimukset/verosopimusteksti/2010/20100021#itc20100021Art14) +My grandmother passed away in January aged 95. My mum just called me to say sheā€™s sold the house and after paying off all debts, wants to give me and my sister Ā£10,000 each out of her share. + +10k might not sound like a lot but Iā€™ve never saved up more than a thousand or two and I just finally paid off a credit card last year that was draining my finances a bit. + +I live in Spain so Iā€™d have about 11,500 in euros. Iā€™m 29 with a long term partner and due to have first baby in...6 weeks! + +I might not get another windfall like this for a long time. I want to use it wisely. What should I do with the money? +I am a student who earns with internships, summer jobs etc. Is there a way to invest that money? + +I tried opening an account with Degiro and IBKR but both ask for income. + +I'm an Indian expat +I donā€™t have a lot of money to invest currently, yet I want to buy some cheaper stocks for long term investment right now and I canā€™t decide between these three. At first I was all for Interactive Brokers, fractional shares would be awesome and I heard itā€™s also the most advanced one, yet I IBKR Lite is for US only and I really donā€™t want either can afford to pay +10$ every month in just fees alone, not mentioning commissions. +I honestly donā€™t know much about Degiro and Lynx. + +Can you please share your experience with any of these three brokers? Also if you could recommend me some for x reason? +Thank you + +E: I also donā€™t have 2k$ to deposit to IBKR so I can see live prices. +E2: What about Yahoo Finance? +I just got a message from Degiro claiming they will take a 0.25 % fee on the total amounts (minimal 2.5 EUR) per exchange connected. Have you seen this too ? Doesn't this make Degiro be ridicolously expensive ? You pay hidden 'autofx fees'(not exported in CSV) on top of regular brokerage fees. + +&#x200B; + +What is your take on this? Are there better options ? +My son is one month old. I am just wondering what is the best long term strategy to invest for his future. The horizon is 18 years at least. I am in Austria. + +Thanks. +I'm looking for some ideas on EU stocks to invest in. I already have a core portfolio of 450k shared between world ETFs (with 20% bond quota) and a bunch of tech US shares and a oil company. + +I have EUR 150k cash to invest and I would like to do it in shares if individual companies, possibly denominated in Euros. + +Any suggestions? + +Thanks in advance! +Hi all, + +I will be turning 18 in a few months so I will be able to use a broker and will have ~30k GBP to invest. + +I have been looking at different brokers to choose from and right now the best choice seems to be DeGiro. Their fees seem to be very low and they also seem to report tax to Belgian authorities automatically which is a big plus for me. Not sure how their service is though. + +Next option is Interactive Brokers. Their fees also seem low but I don't understand the whole structure currently. It also seems more geared towards the US while DeGiro seems to focus on only the EU. IB also do everything via London for their EU clientsā€”I don't really know what this means to be honest and I'm not sure how it would change my taxes. + +I'm avoiding high street banks because of their high fees and I ideally want a company that has a good online dashboard and/or app. + +Can anyone add to this comparison? Should I be considering anything else? +Hello everyone. + +I'm looking for advices on how to reorganize my life on the finance side. + +&#x200B; + +The good part: + +* I bring in 2000ā‚¬ per month plus a 2000ā‚¬ bonus at the end of the year, working full time +* My girlfriend bring in around 350ā‚¬ per month working part time gigs (she's still studying) +* We are actually paying 400ā‚¬ per month for our apartment including utilities, internet and complex fees +* Groceries are around 200ā‚¬ per month +* Gas is around 200ā‚¬ per month +* I own a car valued at 11kā‚¬-13kā‚¬ (needed for work) +* I own a motorcycle valued at 5kā‚¬-5.5kā‚¬ +* *Girlfriend inherited 10.000ā‚¬* +* *Girlfriend inherited a whole flat* + +&#x200B; + +Now the bad part: + +* We have 2500ā‚¬ on our main account and no savings accounts +* Debt #1 @ 7.2%, 320ā‚¬ per month, 62 months to go +* Debt #2 @ 7.1%,130ā‚¬ per month, 49 months to go +* Insurances are 2000ā‚¬ per year or 166ā‚¬ per month for both the car and the motorcycle (50/50) + +&#x200B; + +And the ugly part: + +* We can't use the flat, yet. Her older brother is still jobless and living there. +* We can use the 10kā‚¬ exclusively for our wedding. No touchy. +* The flat is very old and will likely require a total renovation. +* Debt #1 was for an used car and for furnishing the current apartment +* Debt #2 was for a brand new motorcycle + +&#x200B; + +Yes, I know. The last two points are what hurts the most. If I could go back in time and slap myself I would, trust me. I'm going crazy because of the psychological pressure of the debts - I'm sorry if it sounds funny but I feel like that. + +On the short term we would like to grow our savings account, get married and travel more. + +On the long term I would like to find a remote job (cutting on the commute time, around 1 hour per day, gas, car wear, etc.) and then start investing. + +&#x200B; + +What would be your advice? +I bumped into [this article](https://www.kalzumeus.com/2019/6/26/how-brokerages-make-money/) today and I think it is an interesting read. From an European investor POV it gives an overview of how Interactive Brokers makes money. + +I'd be curious to see how DeGiro makes money too but they aren't a public company so (I think) we can't look into their annual reports. Nevertheless, it is fair to assume that DeGiro's revenue streams are similar. + +All in all the article gives a really good overview of how brokerages make money which is often a source of misconception for most investors. +What are your thoughts on the lower cost iShares MSCI ACWI UCITS ETF - IE00B6R52259 (TER 0.2%) compared to, let's say, the equivalent from Vanguard FTSE All-World UCITS ETF - IE00BK5BQT80 (TER 0.22%)? +Hi there, recently moved to Luxembourg after a 4 year stint in the US. Looking for some guidance on the following: +1) Are there any tax advantage accounts like 401k or IRA in Luxembourg? My research says no, but trying my luck here. +2) For long term investment in ETFs, which one would be a better choice between Interactive Brokers and Trading 212? +Tbh, the UI of IB scares the shit out of me šŸ˜‚ +3) I read that from a tax perspective, Luxembourg domiciled ETFs would be a better choice. Are there any suggestions for a simple world index fund (physical) that is domiciled in Luxembourg? +4) Dividend vs accumulating ETFs, which one is the way to go for Luxembourg? I read about this, yet confused from a tax perspective. + +About me: +Recently started my investment journey and a complete beginner. Hence if there are any glaring mistakes in my questions then I am sorry. Neither a citizen of the US or Luxembourg, just your average third county national. Glad to be a part of this community and hoping to learn more :) + +Thanks for all the help! +Let say, hypothetically speaking, I had a friend who had both European and American citizenship and he now lived in the Netherlands and wanted to begin investing (so he doesn't have any accounts open anywhere currently). How bad would it be if he didn't mention that he was an American citizen when he opened an account with the broker in Europe? Would there be many consequences if any, either from the broker or from the US/Netherlands? + Hello you beautiful people + +Iā€™m very very thankful for this community. Quite new to this world so Iā€™ve made it a goal to read a new finance book every 2 to 3 weeks throughout the entire year and educate myself. + +Question is, what have been the books that helped you and you learnt from the most when it came to investing that led you to actual results? + +Iā€™ve got my accounts all automatised as Iā€™ve been reading Ramit Sethiā€™s ā€˜I will teach you to be richā€™ book for the last 5 days now so I can move on from the ā€˜look at your expenses and streamline themā€™ stage. + +But now iā€™ve got start putting that money in different places, thats where my main question comes in. Books about investing? Or mindset around money? What were the books that you got the most value from that youā€™d recommend? + +Reading a finance book every 2/3 weeks makes for 20 plus books this year :) + +Iā€™m listening + +Daniel +Hello all, + +Up until now I am 100% VWCE. Recently I've been wondering if 5-10% max bond allocation would be wise for the long term (I am 27 y.o.). + +I am considering the following: + +1. a eurozone-only government bond fund - IE00BH04GL39 - VETA +2. a 7-10 eurozone-only government bond fund - LU0290357259 - DBXB +3. a global government euro-heged bond fund - LU0378818131 - DBZB +4. a global aggregate euro-hedged bond fund - IE00BDBRDM35 - EUNA + +What do you think, in general, for 5-10% max bond allocation in the long run (20+ years) with the current situation and also which of the 4 options you think is the one that balances stability and returns. +Hi, I'm using Trading 212 as it's by far the cheapest option in EU, zero fees. But question applies to other brokers also. + +In light of Brexit, should we expect any changes to the platform? Will it still be authorised and regulated by the FCA? + +... + +**EDIT: found an answer meanwhile from a representative on their community forum - quoting:** + +Trading 212 is a UK holding company which owns 2 fully operational and fully licensed brokers. + +1. Trading 212 UK, regulated by the FCA where we are onboarding our UK and European clients. + +2. Trading 212 Bulgaria, regulated by the FSC, where we used to onboard our EU clients for 15 years before switching to the UK entity. + +Even though Brexit is now official, nothing changes at the moment from a regulatory perspective for our clients or for us. Any new arrangements between the UK and Europe have yet to discussed, approved, and then followed by a transition period. This could take a year(s). There are two scenarios after that: + +1. License passporting remains and nothing changes. Then weā€™ll continue to onboard our EU clients to the UK entity. + +2. No deal on passporting. Then the immediate solution could be to switch the EU clients to our Bulgarian broker. But there are also other possibilities. By that time we might already have a license in another EU country. +So I've been reading a lot on this sub lately, as well as other sources like Bogleheads, and some investing youtube videos. I've decided to start investing for my future self, and come up with a detailed plan of action for the coming years, but still have some questions remaining: + + +# Portfolio: + +\- The aim of this portfolio is to act as a retirement plan. I'm 23 years old, Spanish, and this is an investment strategy for the next 40 years. + + +\- Mentality: Accumulate and capitalize with an initial investment of 10.000ā‚¬ and reinvest 10% of my salary in it. + + +\- Asset division: Own my age in bonds and the rest in stock. For simplicity let's say the initial division will be 25% - 75%. Every year assets will be invested according to this percentage: for example, if stocks do bad, more allocation will be required that year, to maintain the percentages. + + +Stock: (100-age) +50% American market - iShares S&P 500 UCITS ETF (Dist) - 0.07% annual fee (ISIN - IE0031442068) +40% European market - iShares EuroStoxx 50 UCITS ETF (Dist) - 0.10% annual fee (ISIN - IE0008471009) +10% Emerging market - XTRACKERS MSCI EMERG.MKTS SWAP - 0.49% annual fee (ISIN - LU0292107645) + + +Bonds: (age) +100% - Vanguard USD Treasury Bond UCITS ETF - 0.12% annual fee (ISIN - IE00BZ163M45) + + +Broker: +I've read a lot of people recommending DeGiro, and the same amount of people saying not to use it. At the moment I made an account there, but haven't made any transactions (besides a test). + +&#x200B; + +Expectations: +An annual return of 5-7%, and risk being lower as I become older (by relocating the stocks to bonds, slowly). + + +Questions: +\- What are your thoughts on DeGiro as a broker? (I'm based in Spain) +\- Any other recommendations besides DeGiro? +\- What about the stocks investments, are they sound? Do you think they fit my expectations/aim? +\- I have a lot of questions regarding the Bond choice, I don't really understand how an ETF can track a bond, which I understood was a fixed income product. +\- Should I also distribute the bonds the same way (or similarly) as I do in stocks? +\- Should I look for a bond through my bank or another source? +\- How do I determine that I want my gains to be capitalized? Or does this happen automatically? +\- If I don't plan on selling anything at the moment, not until a long time, do I have to worry about taxes right now? +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! + +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! + +This lesson is going to be painful for a lot of Chinese, when etc comes back down to earth. + +Here's my thought: Is this a secondary play? To poison the reputation of Ethereum in China, by performing a pump and dump of etc and ripping off a bunch of Chinese investors? Because they might not have the sophistication to understand there is a difference between the two. + +"Don't buy ethereum, I did a little while ago and I lose everything" + +That's some machiavellian shit right there. Get rich with a PnD, and damage Ethereum's reputation in china, in one single move. + +This is why the EF should have taken trademark action against etc immediately. +Hey guys, +Been lurking around this subreddit since Jan, got some cheap eth since then and I have been holder. However, reading this sub reddit everyday and esp the discussions in the daily discussion thread have really got me interested in day trading ETH and other altcoins. Not with all my eth, but with a small portion for fun and hopefully some profit. + +I have already tried my hand at a tiny bit of margin trading on Poloniex, but to be honest I have no idea what I am doing and i would rather not blindly gamble.. I know I need to start learning and using the right tools (whatever they may be).. + +Can you guys recommend any good resources for learning TA, software to use or other information I should be reading in order to study and start trading? +Any help would be much appreciated! +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include, but are not limited to, general discussion, details related to events of the day, technical analysis, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +**I've said it once before 5 months ago, and I'll say it once again...** + +**These stupid fucks indirectly created the most DIAMOND HANDED generation of retail investors EVER.** **The future of the stock market is in for a rude awakening.** + +**LFG $GME 69 MILLION IS THE FLOOR šŸ’ŽšŸ™Œ** šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€ +A year ago I started a personal account on Wealthsimple and have 20,000+ in now. + +Half a year ago I realized I should be investing in a tsfa account and have got about five gā€™s in banks and energy. + +Now, my personal is down about 10%. Believing the wife and I are going to get raked across the coals come tax season, should I be transferring my personal assets at a loss and purchasing in my tfsa? + +I believe Iā€™m able to invest upwards of 90,000 and not pay taxes on gains? +As we close out this crazy year, Bitcoin is hitting all-time highs again just like last year. I know the famous saying of time in the market is better than timing the market but I can't help myself getting emotional about these insane prices! Before anyone attacks me for gambling and throwing my money away with this idea, I just want to say that I do usually contribute the full amounts to both of my TFSA and RRSP accounts in 95% VGRO and 5% BAM.A.TO. I have also have about 9K for my emergency fund in EQ Bank and the only debt I have is my mortgage of 135K. + +I have done some studying in this topic and I know that WealthSimple offers some form of Bitcoin investing. I was talking to my new co-worker and he said that he used another company to buy his Bitcoin because it was cheaper and because WealthSimple only allows you to buy Bitcoin in a taxable account, but I forgot the name. He also talked about his Bitcoin wallet which I found really weird because I thought that Bitcoin was all digital. + +So, I have a few questions for you guys. Is it a bad idea to buy now? Would I be stupid to invest at the top? What other brokerages can you buy Bitcoin beside WealthSimple? Is there a physical form of Bitcoin and is this why I need a wallet? What do you guys think will happen with Bitcoin next year? I am thinking of having 5-10% of my portfolio as Bitcoin, is this too much? +I have $40,000 in cash, no debts other than a mortgage, which I believe has 8 years left on it. Would I be better off to put this money onto the mortgage or purchase something like an ETF within a TFSA account? If itā€™s close, Iā€™d prefer to put the money on the mortgage, as there is a huge ā€œpsychological componentā€ to paying down and eventually paying off the mortgage. Thank-you. +**Welcome to the Daily General Discussion thread.** + +*** + +**Disclaimer:** + +Moderation is less stringent in this thread since it is exempted from the karma and age requirements. Therefore, consider all information posted here with a pinch of salt, and always cross check with known sources what information you find. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and excercise utmost caution before acting on any trade tip mentioned here. + +**PnDs and brigades are not sanctioned by the mod team in any way as they violate [rule III](https://www.reddit.com/r/CryptoCurrency/about/rules/). If you discover this thread is being used for these activities, bring it to the mod teams's notice via the [modmail](https://www.reddit.com/message/compose?to=%2Fr%2FCryptoCurrency).** + +**Guidelines:** + +* Questions, debates, meta issues, etc are all welcome. +* Breaking news should be posted separately from this thread. + +**Rules:** + +* All [sub rules](https://www.reddit.com/r/CryptoCurrency/about/rules/) apply in this thread except for the karma and age requirements. Anyone can participate. +* Discussion topics must be related to cryptocurrency. +* Comments will be sorted by newest first. + +**Resources and Tools:** + +* 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. +* Click the RES subscribe button below if you would like to be notified when comments are posted. +* Consider checking out our Weekly Skeptics Thread for discussion focused solely on critical analysis. [Click here](https://www.reddit.com/r/CryptoCurrency/search?q=Weekly+Skeptics+selftext%3Acontroversial&restrict_sr=on&sort=new&t=all) and select the latest thread on the search listing. + +Thank you in advance for your participation. Enjoy! + + + +Iā€™ve seen a lot of post talking about how itā€™s one of the best debts youā€™ll ever get as it only increases with inflation, but what if Iā€™m also financial able to pay them off upfront? Would it be worth it then? + +Iā€™m also not very financially literate :ā€™( so I havenā€™t got a clue about what other things I could be using the money for. + + +from a confused uni student.. +Opinion piece by Ross Gittins, Economic editor + +"I canā€™t remember a time when the arguments of all those bank and business economists claiming ā€œthe inflation genie is well and truly out of the bottleā€ and demanding the Reserve Bank raise interest rates immediately and repeatedly have been so unconvincing. + +At base, their problem is their unstated assumption that the era of globalisation means all the advanced economies have identical problems for the same reasons and at the same time. + +If America has runaway inflation because successive presidents have applied budgetary stimulus worth a massive 25 per cent of gross domestic product at the same time as millions of workers have withdrawn from the workforce, Britainā€™s withdrawal from the European Union is causing havoc, and Europeā€™s problem is particularly acute because of its dependence on Russian oil and gas, we must be the same. + +Business economists have put most of their energy into convincing themselves our problem is the same as everyone elseā€™s, rather than thinking hard about how our circumstances differ from theirs and how that should affect the way we respond. + +Thereā€™s also been a panicked response to a huge number ā€“Ā inflation of 5 per cent!Ā ā€“ that says, ā€œdonā€™t think about what caused it, just actā€. And since every other central bank has already started raising rates, whatā€™s wrong with our stupid Reserve Bank? + + +Too many economists have switched their brains to automatic pilot. We know from our experience of the 1970s and ā€™80s how inflationary episodes arise ā€“ from excessive demand and soaring wages ā€“ and we know the only answer is to jack up interest rates until you accidentally put the economy into recession. You have to get unemployment back up. + +That stereotype doesnā€™t fit the peculiar circumstances behind this rise in prices, nor does it fit the way globalisation, skill-biased technological change, the deregulation of centralised wage-fixing and the huge decline in union membership have stripped employees of their former bargaining power. + +The first thing to understand is thatĀ ourĀ price rises have come predominantly from shocks to supply: the various supply-chain disruptions caused by the pandemic, the war on Ukraineā€™s effect on oil and gas prices, and climate changeā€™s effect on meat prices. + +Various economists are arguing that price rises have been ā€œbroadly basedā€ so as to show that price rises are now ā€œdemand-drivenā€, but the main reason so many prices have risen is that there have been so many different supply shocks coming at the same time, with so many indirect effects, ranging from transport costs to fertiliser and food. + +Two thirds of the quarterly increase in prices came from four items. In order of effect on the index: cost of new dwellings (up 5.7 per cent), fuel prices (11 per cent), university fees (6.3 per cent) and food (2.8 per cent). + +Of those, only new dwelling prices can be attributed mainly to strong demand, coming from the now-ended HomeBuilder stimulus measure. The rise in uni fees was a decision of the Morrison government. + +Americaā€™s economy is ā€œoverheatingā€, but ours isnā€™t. Itā€™s true ourĀ jobs market is very tight, and that much of this strength is owed to our now-discontinued stimulus measures. + +But, paradoxically, the economics professionā€™s ideological commitment to growth by immigration has blinded it to the obvious: job vacancies are at record levels also because of another pandemic-related supply constraint: our economy has been closed to all imported labour (and we even sent a fair bit of it back home). This constraint has already been lifted. + +The thing about supply shocks is that theyā€™re once-only and not permanent. So, left to its own devices, withoutĀ furtherĀ shocks theĀ rateĀ of price increase should fall back over time. Petrol and diesel prices, for instance, have already fallen a bit but, in any case, wonā€™t keep rising by 35 per cent a year year-after-year. + + +Itā€™s sloppy thinking to think a rise in prices equals inflation. The public can be forgiven such a basic error, but professional economists canā€™t. A true inflation problem arises only when the rise in prices is generalised and is ongoing. That is, when itā€™s kept going by a wage-price spiral. + +When a huge rise in prices, from whatever source, leads to an equally huge ā€“ or huger ā€“ rise in wages, which prompts a further round of price rises.Ā Thatā€™sĀ inflation. + +In their panic, business economists have assumed that the loss of employee bargaining power weā€™ve observed in most of the years since the global financial crisis, which has done so much to confound the econocratsā€™ wage and growth forecasts, and caused inflation to fall short of the Reserveā€™s target range for six years in a row, has suddenly been transformed. Union militance is back! + +Really? Iā€™m sure employees and what remains of their unions will be asking for pay rises of at least 5 per cent this year, but how many will get anything like that much? Theyā€™ll all be on strike until they do, you reckon? + +Theyā€™re safe to get more than the 2.3 per cent they got in the year to December, according to the wage price index, but the greatest likelihood is that real wages will continue to fall. And the cure for that is to raise interest rates, is it? + +It is true that,Ā ifĀ wages rose in line with prices, weĀ wouldĀ have an inflation problem, but how likely is that? + +Thereā€™s been much concern about stopping a rise in ā€œinflation expectationsā€, but this thinking involves a two-stage process: in expectation of higher inflation, businesses raise their prices. And in expectation of higher inflation, unions raise their wage demands. + +All the sabre-rattling weā€™ve seen by the top retailers andĀ theirĀ employer-equivalent of union bosses ā€“ so breathlessly reported by the media ā€“ suggests theyā€™re increasingly confident they can get away with big price rises. But how much success individual employees and unionised workers have in realising their expectations remains to be seen. + +Perhaps in this more inflation-conscious environment, employers will be a lot more generous ā€“ more caring and sharing ā€“ than they have been in the past decade. Perhaps. + +The Reserve is under immense pressure from the financial markets, the bank and business economists, the media, the actions of other central banks and even the International Monetary Fund to start raising interest rates. + +It will, with little delay. It must be seen to act. But whether itā€™s at panic stations with the media and the business economists is doubtful. And you donā€™t have to believe the inflation genie is out of the bottle to see that the need for interest rates to be at near-zero emergency levels has passed. + +As BetaSharesā€™ David Bassanese has predicted, the Reserve will be ā€œnot actively trying to slow the economy, but rather [will] begin the process of interest-rate normalisation now that the COVID emergency has passedā€. Moving to ā€œquantitative tighteningā€ will be part of that process." +[http://gouthamanbalaraman.com/blog/american-option-pricing-quantlib-python.html](http://gouthamanbalaraman.com/blog/american-option-pricing-quantlib-python.html) + +&#x200B; + +IMO a pretty decent valuing tool. Of course gargabe in garbage out. So you may want to at least model volatility with a Heston Stochastic process Here: [http://gouthamanbalaraman.com/blog/volatility-smile-heston-model-calibration-quantlib-python.html](http://gouthamanbalaraman.com/blog/volatility-smile-heston-model-calibration-quantlib-python.html) + +&#x200B; + +And then calibrate your model here: [http://gouthamanbalaraman.com/blog/heston-calibration-scipy-optimize-quantlib-python.html](http://gouthamanbalaraman.com/blog/heston-calibration-scipy-optimize-quantlib-python.html) + +&#x200B; + +&#x200B; + +&#x200B; +Apologies if this has been asked before. I am looking into recognising patterns in the chart data. What books/algos like DTW or others do people recommend? +Hey all, + +I wrote a python script that grabs all of the option trading data available on the yahoo api but have been seeing inconsistent data. + +I log all data to a SQL database and when I compare volume and open interest (for example) I get totally different results from the API / loading the option chain in the yahoo website, and checking it against other brokers. When I say different results, I mean the data isn't even close between what I get from the API and what you can see on the option chain on yahoo finances website. + +Anyone else experience similar issues? + +To close the loop, where can I find good data (semi-realtime) that's not going to cost hundreds a month? +https://www.bloomberg.com/news/videos/2021-11-02/rivian-ready-to-go-public-valued-at-53-billion-video + +Offering up 135 million shares at $57 to $62 each under the ticker RIVN. The company is seeking a $60 billion valuation. Rivianā€™s market cap is already roughly equal to Honda Motor Corp LOL. + +The Rivian IPO is scheduled to price on Tuesday, nov 9 and trade the next day. A stock to keep an eye on, for sure. Many tout this as a unicorn. +>Backstory + +I've known for a couple weeks now. My doctor had been a friend of mine for years and I get a call back to come in for additional testing. He said we could fight, take every treatment available and that I could probably make it a year, but it would be rough and miserable. I've decided instead to come home and be as comfortable as I can. Euthanasia is obviously illegal so I've given permission for the use of extreme pain management, a morphine drip when the time comes. + +>What I want + +I have two sons and I would like to set up a trust for them. I've worked part time at a bar for the past seven years (im almost 30), I make around 20k a year in reported income. I have a home valued at 270k that I paid off two years ago, I have two cars valued around 12k, 31k and a bike valued around 5k, all paid off. I keep 8k in my savings account and I have 140k in a safety deposit box at the bank. I have no debt and I have a life insurance policy that will pay out 500k. Never thought in a million years cancer was going to be what killed me. There might be some issues with setting up a trust, the mother of my children is married to another man and both of my sons share his last name. + +>Is a trust the best way for me to pass on my assets? + +What would you guys recommend? +Hi everyone. Iā€™m 38 and able to fatFIRE if I want to. The problem is, I have no idea what I would do. Iā€™m recently divorced (no kids). Iā€™d like to retire although I mostly enjoy my job and the people I work with. My main concern is that I donā€™t know what I would retire to. Beyond traveling for a few months, what have people here done (especially single people) that makes life feel worth living? Right now I give a lot to my job: it takes six days a week and is very engrossing. Iā€™m blessed that itā€™s made me wealthy (low 8 figures), but I feel bankrupt in the family-of-my-own / purpose department. + +One idea I have (hence my username) is moving to Puerto Rico to take advantage of the tax situation there, and start over. I currently live in Texas. But Iā€™m still not sure what life would look like there, and I donā€™t want to make a big move without a vision. + +Very interested in the thoughts of this community and if anyone has found themselves in a similar position and how you resolved it. + +Thanks for reading. + +TL/DR: What do you do for meaning once retired, especially with no wife / kids? +First about my FIREd co-worker. You can tell a 1000 lb weight has lifted off his shoulders. He laughs a lot more. He knows he only has a few more days at the company and you can tell he has that slight "give a shit" edge to him. Not that he'd let his work suffer. He has too much integrity for that. We all went to lunch yesterday--he usually never comes--but he came! I teased him that he was the new "Retirement Firstname". "Retirement Firstname" goes to lunch. "Retirement Firstname" doesn't have to go that stupid meeting. He just laughs. + +I asked him when he knew he was going to quit and he said it was after his last review. :( It's a bit of a shame. He does good design work, but doesn't play the corporate BS game. But I guess he got the last laugh. + +I asked what he was going to do that first Monday when normally he'd go into work. He said "I don't know. Sleep in. Probably go for a run. I'm excited I get to go in the morning instead of doing it later in the day when it's hot. Maybe then I'll go the beach. Take a two hour lunch." God, he just seems so relaxed. And happy. + +In addition early retirement has been THE big topic around our department. One co-worker said "I'm also 38. I don't like that you're using the word retirement." I was quick to chime in: "Retirement doesn't mean old, it just means you've been smart with your money. There are plenty of old people who can't retire!" + +There's one young (20s) female co-worker who says "I clearly have to re-evaluate my life. Then I could retire in 10 years!" I said "Yes, for real, you really could!" She and her husband are actually pretty smart with their money already. They don't have kids yet and don't know if they want them, and her own parents FIREd when she was in middle school when her dad sold his successful business. In the past I worked the 4% SWR into conversation and I directed her to GCC once (she really wants to travel to Cuba). I think she finally gets it. YES. + +Then there are others who totally don't get it at all. Another co-worker was just completely clueless about the whole thing. She told her husband that her same-aged co-worker FIREd and he said "Honey, our cars are paid off, and I can cover our bills, you can retire too!" She said "I can't do that, what if something happened to my husband?" + +Me: "That's what life insurance is for. It sounds like you could quit if you wanted, but you should probably have life insurance regardless." + +Her: "No, just no. It wouldn't work. I'd need something that provided income. Like [co-worker's] rentals." + +Me: "Well, that's one way to do it. I have rentals too. But if you had a lump sum invested--like an insurance payout--you'd be ok as long as the payout was enough. And term insurance is cheap for a young healthy guy like your husband. I'd never have to work again if something happened to my spouse because we have life insurance." + +Co-workers then tease me that my husband is one wrong move away from me offing him. *sigh* + +Seriously, it's like the dam broke on money conversations. Found out another co-worker (early 30s, single guy) has his house paid off. But he recently bought a car and has a car payment. Found out my boss (mid thirties guy, married with 2 kids) used to have a bunch of student rentals, but sold them all when he moved states. + +It's all been fascinating as hell. +Hi folks, + +After recently hitting the six figure milestone, Iā€™ve been doing a fair bit of reflecting on the journey to date. I thought Iā€™d share some of the things I learned here, because I donā€™t really know anyone in real life who can relate! + + +**Background** + + +Iā€™m 25, and lived in New Zealand up until a few months ago. It took me three-and-a-half years to get from a big fat nothing to $100,000. (In US dollar terms, it would have taken me another six to 12 months.) + + +I was working as a business journalist; naturally frugal-minded but still very much plugged into the consumer dumbass matrix. By chance I stumbled across Mr Money Mustache and Jacob Fisker, and even did an interview with MMM. My eyes started to open, and I read everything I could find about FIRE. + + +Around the same time I was starting to get bored at work. I made a promise to myself that if I could save $100k, I would quit my job and take a mini-retirement. I really wanted to travel, plan business opportunities, help out friends, and pursue other interests I hadnā€™t time for. + + +Now Iā€™m doing exactly that, and Iā€™ve got to say itā€™s even sweeter than I anticipated. + + +Here are some of the things Iā€™ve learned: + + +* Mainstream money advice blows. I should know, because I wrote a lot of it myself. Itā€™s all sensible stuff, but I canā€™t help thinking itā€™s fiddling while Rome burns. I still write an advice column, so the challenge Iā€™ve set myself is to become an evangelist for simple living and frugality. + + +* The number itself is meaningless. I was momentarily stoked when my spreadsheet ticked over to six figures, but went right back to enjoying life. I was already travelling and working on the things Iā€™d been dreaming of for ages, which was by far the biggest buzz. + + +* Iā€™m pretty sure that without having those intrinsic goals firmly in mind, it would have been way harder to stay motivated hit the external goal, which was just an arbitrary round number. + + +* Once I had the right mindset and vision (spew!), the actual spending behaviours werenā€™t that hard to change. I grew up poor and was frugal by necessity, so maybe itā€™s a tougher transition for someone starting from the opposite direction. + + +* I found other peopleā€™s attitudes and expectations to be more of a challenge. Itā€™s tough to explain to your mates that you donā€™t want to do Expensive Thing X ā€“ not because youā€™re a fun-hating miser, but because you have different goals and priorities to them. My strategy was just to bite my lip and take the teasing, but maybe I should have tried harder to communicate. I recently published a blog post where I ā€œcame outā€ to my friends, and got a really good response. Once they could see what I was doing, they were actually pretty excited about it. + + +* I used to fantasise about early retirement all the time. God knows how many office hours I spent daydreaming and running the numbers over and over. I was sure that I was going to do a MMM and put my feet up in my early 30s. At some point along the way, my feelings changed. + + +I realise now Iā€™m happy to amble towards financial independence slowly - even if it means two steps forward, one step back - because there are certain things I want to do while I'm young. + + +The 'classic' FIRE path for me would involve sticking it out in a corporate job for another 10 to 15 years. The whole time, I'd be cursing myself for being too gutless to try the things I'm really excited about, like writing a blog, starting my own business, or travelling extensively. It'd be a safe but unfulfilling pathway. + + +Even if I start a business and it fails (which statistically speaking is the probable outcome!) I know I have the skills to rebuild my net worth and FIRE by returning to conventional work. At the same time, nothing will take away the satisfaction from the experiences and personal projects Iā€™ve enjoyed along the way. + + +**THE END** + + +Sorry for the long post! Sure does feel good to unload though. If anyone has any thoughts, criticisms, or questions, Iā€™d love to hear them. +After reading a comment in another post, I thought Iā€™d take a proper look into a junior SIPP for my 11 month old daughter. + +With 7% growth, putting Ā£2,800 (topped up to Ā£3,600 by the government) into a junior SIPP for the next 4 years would give a pot of ~Ā£930k by the time my daughter turns 60. + +Iā€™m struggling to see how this is a bad idea? Whilst I understand giving money to her in her twenties (house deposit etc) will be more useful than a lump sum in her 60s, I canā€™t stop from seeing the benefit of having the security of a large pension pot. With 7% growth, our 4 year investment of Ā£11,520 will either be worth ~Ā£40k in 20 years, or ~Ā£930k in years. + +For context, we are already paying monthly into a junior S&S ISA, and will continue to do so until she becomes an adult. +So given how the economy is going what advice/tips would you give to uni students / young adults that are getting to a point where they need to be financially independent. Things could include (but not limited to) + +- spending habits and budgeting + +- Planing for mortgage/housing + +- Banking (credit cards and score) + +- Student Loans + +- ISA, Investments, and Savingsā€¦ +Last week we experienced a small dip and a decent bounce back on Friday. Many people on the news and online are fear mongering about a crash soon to come. I personally feel that we are I the late stage of a bull cycle now that so many retailer investors are coming out to play, although with corona it could be different. I estimate a major pull back in 2022-2023. After discussing the new picks and notable mentions, I'd like to go over a basic hedging strategy for anyone that is nervous. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Adding to Watchlist:** + +$**NIO**\- In case you have been living under a rock, NIO is a Chinese electric car company. They have the lead as far as Chinese electric luxury vehicles are concerned in China. Take it from someone that lives in Shanghai - they are everywhere. Personally, I like the interiors of these cars better than Tesla and I think this is easily an $85-$100 stock. Start buying into long positions now and the next EV push should pay you nicely. Deep ITM LEAPS? + +* Target Price: $85 +* Entry: <$55 +* Risk: 4 +* Timeframe: 5-8 months + +https://preview.redd.it/ztjbbbm5wxi61.png?width=1018&format=png&auto=webp&s=40b15526a2778f139d906a13e8a2c6b6f9a633bb + + + +$**OZON**\- Ozon.ru is an ecommerce giant of Russia, like Amazon is to the US. Ecommerce will continually growing in Russia, and in my opinion we jump on this before it blows up more like Amazon or Jumia did. $OZON is trading in a parallel channel, and if it fills a gap at around $57 I will be entering then. + +* Target Price: $75 +* Entry: <$57 +* Risk: 4 +* Timeframe: 2-5 months + +https://preview.redd.it/k57dg9a7wxi61.png?width=1018&format=png&auto=webp&s=41e31ebaeee595b58f2c18e1ee39d1a36713fab9 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +$**PLTR**\- Not only has Ark Invest been buying up Palantir during the dip last week, so have I. I will continue dollar cost averaging into my call option positions (Aug 21, $30 Strike). I'll be keeping my entry and target the same. + +https://preview.redd.it/1m5zok39wxi61.png?width=1018&format=png&auto=webp&s=4519f21afa07c5f40f49e0fbbd0d30752856cf40 + +$**WKHS**\- Workhorse Group is an EV manufacturer currently focused on manufacturing electrically powered delivery and utility vehicles. Recently $WKHS has dipped into and is near my 'Buy Zone'. With the Biden administration waiting to electrify all of the vehicles in the federal fleet, this company could be in a good situation to get a contract for USPS let's say. If that were to happen, there would be a buying frenzy. Since it is near my support, I'd like to be getting some mid - long term call options. I'll keep my target and entry the same on this one for now. + +https://preview.redd.it/4bg27tkawxi61.png?width=1018&format=png&auto=webp&s=ff2fc712a3071b3ac5f8a309dbd345a56b63abea + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Hedge: + +**$DIA:** Let's look at far OTM Puts on Dow Jones ETF. For me, this is more of an 'insurance policy' than it is an actual hedge, but it is so cheap that its hard to not consider. At Jan 22 expiration, the $95 put is only $30 right now. Spending a couple hundred, or a thousand, dollars on these could make you a lot of money if the market did crash. The question is when will it have a significant correction. If it is before Jan 22, these premiums will skyrocket. In 2008, the Dow lost half of its value. If something like this happens again based on increased IV and the strike not as far OTM, I estimate these would 20-50x. + +https://preview.redd.it/493ja88dwxi61.png?width=1018&format=png&auto=webp&s=81adc4079e1ff2cba082b7db4f95f49c9f34d343 + +For arguments sake, let's say the same thing happened this year as in 2008 and the Dow lost 50% of its value so $DIA dropped to $150. That puts our $95/$100 strike about $50 out of the money. Currently, $50 OTM is going for $1000. That is about 33x even with low IV of 25%. Assuming the IV would skyrocket if the markets were crashing and these puts would be in much higher demand, this could be higher. + +https://preview.redd.it/qqo15jmewxi61.png?width=1018&format=png&auto=webp&s=e94e703933f35435f0a1b59763fe88ae0a116a1c + + + +If the market doesn't crash by Jan 22, you'll lose the money (some or all), but that is pretty much how 'insurance' works. + +Let me know if you agree or disagree with my cheap hedge. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Note: Risk (1 out of 5) is my opinion of how risky the stock and these plays are; 1 being the lowest and 5 is the highest. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Disclaimer: The comments opinions and analysis expressed herein are for informational and educational purpose only and should not be considered as individual advice or recommendations. +My mother is going to prison for 8 years as of this morning. I (22) have a 14 year old sister that lived with her who has no one to turn to but me. I have no family for support, and she only has a father who wants nothing to do with her. I currently live three hours away in a college town with a job as a server. There's zero chance of my income supporting both of us. I'm currently in the process of picking up a job with slightly better income, but it's a far-cry from being able to support us both. Ideally, I would like to take custody of my sister, obtain child support from her father, and ensure that she lives a normal life for the next four years. I just don't know where to start. I'm not looking for charity or pity. I'm just in need of solid advice. I"ll update this post with any info needed. + +edit: The custody portion of this should be taken care of on /r/legaladvice. Sorry about that. The financial advice is still needed. Thanks again everyone. + +edit 2: My sister is in a stable situation right now until a more permanent solution is reached. I have literally read every single reply in this thread (as of 2:45AM CT) and sifted through every single link provided. I would reply to every one of them like I want to, but I'm completely exhausted. I'll be using all the information provided to me through the community to build a solid future for my little family (sister and dog). I still won't be accepting any donations because I'm confident I'll be able to provide for my sister using the info here. It's not a matter of pride, I wouldn't risk her future on such a silly notion. I will be using provided services and job hunting to immediately increase my income as much as possible. My sister and I have experienced much worse than this so everything is relative. Life continues and you learn to appreciate the smaller things. I don't have a way to convey the way I feel after reading the responses here. It's like a Snuggie for the soul. + +TL;DR: Things will be fine. I love you people. +As recently posted on this subreddit, [Ethereum has just launched first testnet for PoS update](https://np.reddit.com/r/CryptoCurrency/comments/rkukit/ethereum_launches_firstever_public_testnet_for/). When the update goes completely live, the miners will become literally obsolete - no compromises. + +So now we have two warriants: + +* Miners resigned!!! Everybody sells graphic cards to public! Gamers happy ~~as only Bitcoin farms remain!~~ + +or + +* Miners switch to other remaining PoW coin, and surrounding press is making it go crazy. + +While lots of everyday people would like the first to happen, I think that the latter is way way more realistic. + +But what coin it could be? ~~Will miners switch to Bitcoin and concrete it even more? Or~~ will they go for Ergo, that is slowly setting down and is going to make payments less while reducing the possibility of mega-mines? Then we have Litecoin, Monero and after it... a huge list of lesser known coins. + +What is your take on this situation? I'd personally love to see Ergo skyrocket, but it's only my early investor's hopium, ~~realistically I think that everybody will just switch to Bitcoin.~~ + +**EDIT: Someone just told me the difference between Bitcoin and GPU mining, so I edited the post :)** +I am 41, recently divorced and have received a cash settlement of $670k (this is was my equity in the house after the mortgages were discharged). It's currently sitting in a high interest savings account. + +I am currently living with my folks, pay $200 a week and have 60% care of a 7 and 4 year old. I work full time, earning $90k p/a. I have a car that is fully owned. + +I am only eligible to borrow $280k (this figure reduces with each interest rate rise, I lose $10k borrowing capacity with each 0.25% rate rise). Because of where my kids go to school, I am priced out of buying a house in that area by at least 200k, so I would have to compromise and buy a unit or townhouse on a owners corp site. I have absolutely no desire to do this, for multiple reasons. + +I am undecided on buying a house right now, or chucking the cash into an investment account (given the share market is such a shit fight). Does anyone have any thoughts or suggestions? I know I am not considering all scenarios and welcome any ideas. +I'm in a position to work remotely and I would like to buy a rural block and put a small home on it. My question is, is it difficult to get a loan for bare rural land? I would like a larger parcel around 100 acres (I grew up on a property of this size). How do you go about getting a loan to build on such a property when you haven't had soil test/ surveying done yet? Is it just hit and miss that you might get poor quality soil to build on and have to incur the cost? What other problems might you come up against when buying "larger" vacant properties as a primary residence? Also how do you go about increase your loan to allow for a dwelling when you haven't had the plans drawn up yet? + +I'll do a lot of the work myself and realise I'll have consider: solar ($24k - $32k), A small turnkey house can be had for around $100k-$150k. Then you have things like tanks, pressure pump, filtration, septic, footings, plumber and sparkies. + +What else might I need to be considering? +Long story short we recently came upon about a million dollars. I have a slight financial background without going into detail and my wife is clueless. + +She is extremely nervous about handing this money over to an advisor. + +Some of the things he spoke about in our one basic meeting was municpal bond funds and mlp's for intermediate investments and income. He said his fee for those is based off an internal fee the products charge. This was a very basic introduction and we didnt go crazy into detail. He will have a prospectus for us. + + +Is it a mistake to get a financial advisor? This is all we have and my wife will kill me if we lose it. (I did not have a doubt but now she has me nervous lol) + +Any advice? +https://www.cnbc.com/2021/10/28/amazon-amzn-earnings-q3-2021.html + +Earnings: $6.12 vs $8.92 per share expected, according to analysts surveyed by Refinitiv + +Revenue: $110.81 billion vs $111.6 billion expected, according to analysts surveyed by Refinitiv + +Revenue from Amazon Web Services totaled $16.11 billion in the quarter, up almost 39% from a year ago, according to a statement. Analysts polled by StreetAccount had expected $15.48 billion. Revenue had grown 37% in the second quarter. + +The stock is dropping almost 5% after the earning release. The EPS miss is due to the tough comparison from last year 3rd quarter when Amazon enjoyed the pandemic e-commerce advantage. The miss on revenue also disappointed investors. The stock will still benefit going forward as it is dominating in cloud and e-commerce penetration is still in early stage. + +Thanks for the awards. +In a note released Thursday, they said ā€œwe are unsure where this forced selling might come from,ā€ though they have some ideas. The analysts said they see risks that could arise from mutual-fund outflows, the unwinding of positions held by hedge funds, and the deleveraging of risk-parity strategies that were put in place to help investors diversify risk across assets. +I am a beginner in trading and I want to make a choice to start my path. I want to focus on a certain area and invest my time in it and then slowly move to the other ones: + +Forex? Crypto? Options? Stocks? Futures? + +What should be my choice? + +upd: what is the best stock platform for day trading? and with what sum should I start (after paper trading)? +[Check out this megathread from r/personalfinance about filing taxes.](https://old.reddit.com/r/personalfinance/comments/kz613i/tax_filing_software_megathread_a_comprehensive/) + +There is a lot of good information there, and we can also discuss this here as well. Some questions that may come up include: + +- Tax Software Recommendations (give detail as to why!) + +- Tax Software Experiences +- Other Tax Filing Tools + +- Experiences with Filing Manually + +- Past Experiences using CPAs or other professionals + +- Tax Filing Tips, Tricks, and Helpful Hints +UPDATE + +Thanks to everyoneā€™s advice I was able to shave off a lot of expenses. I cut my Shaw internet/tv bundle to just internet and the bill is now $90. Even though my credit card statement only came out a week ago and I planned on paying it off when it was was due, I paid the $230 off anyway with my savings money. I paid off the freedom mobile account with my savings so that account is no more. I found the real heating bill and itā€™s only $147. My parents missed a bill and the balance carried forward. Iā€™m return they gave me $150. I cut gaming out of the budget and I am now using the rewards I gained to buy the subscription instead (who knew?!). +Here is my new list of expenses for the month: +After taxes I make $2,250 +Shaw-$90 +Heating-$147 +Shaw mobile-$66 +Gym-$41.94 +Apple One m-$20.95 +Insurance-$450 +I am left with $1,434 +From there I will continue to put $500 away into my current savings account leaving me with $934 in the debt account. In about 3 days I get to test run my new budget! I am most definitely coming back for more investing and trading advice once I have saved 3-6 months of expenses in a separate account. For now I will have to keep stock piling more money and maintain my expenses. + + + + +Scroll all the way to the bottom for the short answer. +So I work for a printing solutions company and I make $2250 a month after taxes. After all my bills Iā€™m left with $138 in my debt account. Itā€™s not a lot of money left I know. I have written down all my expenses and the majority is bills that bite big chunks out of my account. Oh and hereā€™s the kicker, I live with my parents. Iā€™ll list everything here and whatā€™s going to be happening next month: +$2,250 After taxes +-$230 credit card bill +-$199.20 Internet and TV +-$70.00 Freedom mobile +-$66.00 Shaw mobile +-$250 for savings +-$500 for savings +-$35.68 for XboxBox Ultimate +-$41.94 gym membership +-$20.95 APPLE ONE +-$250 heating +-$450 insurance +After that Iā€™m left with $138.93 +I pay a lot bills but I try to save as well. So last month I bought a bed for $207 but that left me with no money so I missed my $250 deposit for my savings account. Thatā€™s why Iā€™m putting the $250 in next month. My brother has told me heā€™d start paying for the Xbox and half of the Apple one subscription because itā€™s shared between me and my other 2 brothers (they are too young to work). Now there are big bills that I pay that isnā€™t fair in my opinion and Iā€™m going to be talking to my parents about it actually. I pay $450 for premium insurance but I also pay for half of the heating and internet and Tv. I will be contacting Shaw to drop the TV package and only keep internet. My parents can watch the news on their phones so why would I pay the extra for TV? heating is split between me and my dad but seeing how I already pay $450 for insurance, I feel like he can take on the heating by himself (dudes stingy with his money sometimes). I made a lot of bad financial mistakes and I have owned up to a lot of them. I have zero student loans and I intend and taking on zero credit card debt. In those monthly expenses I put $500 every month into a savings account. I have been doing that since last year. Iā€™m currently sitting on $7,000 right now. Itā€™s like my little emergency funds vault. I am tired of almost living paycheque to paycheque. I want to take charge in my finances and take my income seriously. I always see this ad on TV with young people investing and the one friend always saying ā€œIā€™ll start eventuallyā€ and thatā€™s me right now. I keep pushing it off because I feel like I am not financially stable enough to take a dive like that but that will no longer be an excuse. I joined this thread because itā€™s Canadian and itā€™s about investing so I hope Iā€™m in the right place. Getting a better job in my field is kind of difficult, I feel like I am being underpaid but those taxes hurt. Although I donā€™t feel like I am making over $20hr. Either. Definitely going to keep searching though. I went to college and this job doesnā€™t really tell me that I went to college for it. Itā€™s like a slap in the face sorry for ranting + +Long story short: I am left with $138 after paying bills and I want to start investing soon. +I have a strong conviction that oil price will reach $170 ā€” sooner or later. + +Whatā€™s the best (leveraged) way to bet on that assumption ? + +I donā€™t have access to options. +My preferred vehicle is Canadian securities listed on Wealthsimple. +It took me a couple of years to get there, but I think I've finally landed on good investment philosophy/strategy. + +I've realised that all of my biggest investing losses have been when I didn't know much about the company I was buying and the market it was in. Or when I tried to time the market and buy/sell at certain times. My biggest wins have come from buying companies that I understand really well and holding them for longer. + +I work at a large enterprise tech company, so for me this means focusing on other enterprise software companies. I often get exposure to these companies because I use their products at work. This helps me to get a far better understanding of their likelihood of future success. I also plan to hold each investment I make for a minimum of 5 years. (Ideally 10+ years) + +There's nothing novel about this approach. Buffet calls it focusing on your "circle of competence". But sometimes, you need to come to the same conclusion through your own direct experience. + +What's your investment philosophy? +Brand new to investing and I have been doing a lot of research on Clean Energy ETFs and was wondering if people have some advice on which one might be a better long term investment. I know both of them are brand new and there might not be enough data yet but any advice would be greatly appreciated. +Hi All + +I started a new job with a company that offers a DC Pension and a RSP. I decided to contribute to the Pension plan because of the matching contributions. The company does not match RSP contributions unfortunately. I'm still contributing to the RSP each pay on a much smaller scale plus I do receive a yearly bonus which I dump a majority into the RSP. + +I'm not familiar with how pension contributions and taxes. I have read that pension contributions are tax deductible + + Is there a maximum yearly contribution allowed into a pension similar to RSP? I'm not able to find specific details on the CRA website. (Maybe I'm looking in the wrong places) + +Are there any other caveats around. DC Pension I should be aware of? + +Please advise +Been thinking about investing in BAM.A but I also find their subsidiaries attractive as well. BAM and Brookfield infrastructure partners has been growing the most. BEP and BPY hasnā€™t grown that much in the past few years. However, they pay a nice 6&#37; dividend. I also believe in the growth of renewable energy which is making BEP an attractive choice for me. Personally not too interested in BPY, maybe just invest in BAM and BEP? Or BEP and BIP? + +Any thoughts, comments, suggestions? +27yo, looking to put about 1000$/month towards retirement/future projects. I currently have about 20,000$ saved including my emergency fund (8000$ of that). It's all sitting in my checking account right now. + +I plan on moving the emergency fund to a HISA but will be left with about 12,000$ to invest. + +My issue is that I keep on hearing that the canadian dollar is going down, that an impeding stock market crash will occur and that stocks are at an all time high. I guess I'm in some sort of investing paralysis. + +&#x200B; + +I think my plan is to purchase VGRO through Questrade but it seems like with all that's predicted, this seems like a bad idea. Perhaps doing some sort of DCA will help with my worries? + +Do you have any suggestions on this? Should I just park the 12,000$ with the emergency fund in a HISA and wait out for things to settle? Are my worries justified or o I just need to get used to this feeling and just dive right in? + +&#x200B; + +Thanks! + +&#x200B; +Hi everyone, I recently got into investing, but have been focusing mostly on the tech side. Been hearing a lot about Suncor, so I wanted to learn more info. What's the best way to learn more about the energy sector and Suncor in itself. Would love to hear your inputs as well about this stock. All the best. +I'm looking to start building a portfolio in rental properties. I feel like I'm close to pulling the trigger but I'd like some general advice. + +What are some of the mistakes you guys have made while building your portfolio? +I was a broke college student in ā€˜08. Spent most of the past 10 years being broke, so I donā€™t have any first hand experience to say what the Great Recession was like for real estate investors. + +Did you or anyone you know lose big? If so, how did it happen? + +I mainly ask because everything I read promotes high leverage (why buy one house for 100k when you could get 4 with 25k down on each?)- and to me it makes perfect sense while things are rolling right, but what happens when shit hits the fan? + + I get the impression that MOST of the people out there giving real estate investing advice havenā€™t been in the game for much more than 10 years, so they probably started buying during the recession and have since only seen good times in the national economy. I understand it depends on your market and some were a lot more effected than others- just would like to hear from some of the grizzled vets who have been on both ends of the recessions and get any advice you have to offer on positioning myself to make it through the downturns. TIA +I ran out of fed backed loans and need to look for alternative ways to get loans for my next property. Anyone mind of sharing how they overcame this bottleneck? +This could change a lot of real estate investing tactics in the Twin Cities. + + +[https://slate.com/business/2018/12/minneapolis-single-family-zoning-housing-racism.html](https://slate.com/business/2018/12/minneapolis-single-family-zoning-housing-racism.html) +I recently closed on my first SFH (woohoo!) and am getting my property listed for rent. I hired the same agency to list my property for rent as the one that represented me buying the property. + +My agent sent me the listing she created and it looks great (she posted it on the MLS). I then looked up listings on Zillow and Craigslist and didn't see it there. I asked her if she would be posting it there and if not I don't mind creating an ad for it just since more traction isnt a bad thing. She then told me listing it on the MLS would be fine and there is no need to use these additional sites. + +Is this odd behavior. I trust her that the MLS is a perfect way to find a tenant but why wouldn't you list it on all the sites available? If a person from zillow is willing to pay $50 more a month wouldn't it still be a good idea to attract that person? +We were moving across country, wife and I. We were about to just rent, but decided lets buy a cheaper home, live in it for a year, then look for our dream home. Once dream home is found, we would rent out the temp home. + +Homes were going so quick, we wouldnā€™t have had time to fly across the country to see one, then lose out or decide weā€™re not interested. + +We moved into it today. Everything is much worse than the pictures. My realtor is a friend and heā€™s 3 hours away, so he didnā€™t see it. We put the offer in quick to not lose out, so no one saw it. We knew it would need some work, and was priced accordingly, but in no way a steal. what I didnā€™t know is there is a fast road right next to this house. Lots of trucks all day, you can hear every carā€¦ some of them seem to vibrate the home. Weā€™re freaking out. Do we rent it out and move ASAP? If we tried to sell, weā€™d lose out on a lot of money. Will anyone want to rent it?? There are lots of other houses on this street, so people must put up with the noise right? Am I just not used to it? + +Weā€™re so kicking ourselves for buying this way. Iā€™m about to walk away and lose 30 or 40k at this point. But I know I should just rent it out. + +If we bought another home, I believe the bank would increase the interest rate on this home since we havenā€™t lived here for a year yet. + +Any advice to help us from freaking out is greatly appreciated. + +Also - house was 206k and I put 20% down. We made an offer on the first day, which I think was a major mistake because this needed a lot of work, a lot was outdated in it, kitchen, one bathroom needs redone. +https://www.blogto.com/city/2020/03/doug-ford-halting-all-evictions-ontario-until-further-notice/ + + +You can currently not evict a tenant in Ontario, including for non-payment, and there is no end in sight for this policy. + +Here is some additional reading if you're a masochist and enjoy ploughing through hoards of ignorant comments: http://np.reddit.com/r/PersonalFinanceCanada/comments/fosd9p/no_bailout_for_landlords/ +***CERTAIN THREAD/SUBREDDIT + +I'm sorry I tried searching, but it it didn't yield quite what I looking for. I saw a lot of commentary saying that income range is too little to really start FI. But if anyone can recommend a helpful post on the topic, it'd much appreciated. + +Info on me: + +$54k/year + +Mid-30's years old, single female + +Industry: PR + +Major US city + +Rent: $1050/month + +Monthly CC bill: $1,000 + +Savings: $45k + +Zero Debt +PayPal CEO Dan Schulman provided new details about the companyā€™s recent embrace of Bitcoin and other cryptocurrencies on Monday, describing plans for shopping tools as well as potential partnerships with central banks. + +https://fortune.com/2020/11/02/paypal-cryptocurrency-bitcoin-venmo/ +I think there will be multiple new things happening as soon as the split/dividend is completed. Who has some good predictions on what they may be and how soon. + +Thought this would be way more fun than current CS stuff happening. + +Maybe IOS wallet? + +Carve out? + +What do you think? +As of late, a certain message has permeated this sub and begun to gain traction. That message is a call for apes to, ā€œavoid going on Reddit during the squeeze.ā€ The following is my explanation as to why this is much more likely to be shill propaganda with the goal of gaining control of this sub, rather than genuine concern for protecting you or your gains. + +It is highly speculated that during the January squeeze, shills/shorts were going to great lengths to disrupt the communication of retail traders. The WSB discord was suddenly disbanded for ā€œprofanity,ā€ and an attempt was made to take WSB offline through the spamming of ban-able content. Shills then resorted to buying out the old mods in order to have the spam bots protecting the sub taken offline. Following this there was an absolutely massive influx of shill posts and memes (such as the repeated titanic, suicide hotline, ā€œhow to spot a pump-and-dump,ā€ and 5 stages of grief posts). + +The current situation and shift in sentiment has led me to take a step back and ask myself the following question: **ā€œIf I were a piece of shit (aka a shill), how would I more effectively run my disinformation campaign this time around?ā€** + +Well, I would start by learning from my mistakes. I would plan ahead this time, since I know Reddit admins will not cave to pressure or bribes. I would attempt to convince the members of pro-GME subreddits that abandoning their respective subs is the ā€œcorrectā€ thing to do during a squeeze, and in their best interest. Then, assuming they were convinced, I would move in during the squeeze and plague the board with gain porn, negative sentiment, ā€œDDā€ on why the squeeze has already peaked, and guilt-based propaganda about the impending market crash and its effects on ā€œtHe eConOmY.ā€ + +In the absence of GME bulls, bears/shills will have full control over pro-GME subreddits. They will be able to completely over take the subs, with the goal unanimously controlling posts and comments sections in order to influence sentiment towards GME. Itā€™s bad enough already with them mixed in, how do you think that will change if a large volume of bulls walk out? + +**Now, what you should be asking yourself is why?** Why would those on the short side would be looking to control sentiment towards GME during the squeeze? The squeeze is squeezing, they already lost, right? + +**Wrong.** While they would have already ā€œlostā€ in the scenario of the MOASS, they will be looking to get off the hook as easily as they can. The problem that shorts will be facing is additional competition due to new retail traders joining the party. Whether through market-based conditioning or simply by their nature, retail traders, or what they call dumb money, love to yolo in at the top. This typically works in the favor of market makers or institutions, however, in the event of a squeeze, this creates an insane amount of competition for shares that they desperately need in order to cover. This is why Januaryā€™s gamma squeeze was such a problem for them. The simple competition between retail traders, institutions, and delta hedging market makers eliminated essentially all liquidity in the stock, leaving no room for any significant short covering. They want to stop this from happening again at all costs. + +So this brings us to their solution: convince the apes to abandon their subreddits as the squeeze begins, allowing for shills to craft a narrative aimed at convincing other retail investors to avoid buying in. After all, anyone who was a part of WSB before the January gamma squeeze, or a part of r/GME during during mid February, is aware of the massive influx of new traders that come with every large movement. People looking to join in on the party flock to Reddit looking for information, and if all apes are gone, who will be left to give it to them? + +TLDR: Take a step back and think critically about every situation. Who stands to gain the most if apes abandon Reddit during a squeeze? The answer is clearly shills/shorts. Reddit is a public forum, and every sub is simply a sum of its parts. If all apes leave a sub during the MOASS, the sub will then become a vacuum to be filled by whomever steps in to post. This will be shills, and it will be with the goal of disheartening new retail traders from joining in. + + +Disclaimer: This post is purely speculation, and represents my personal theory about what will happen to pro-GME subreddits in the event of a mass exodus of apes during the MOASS. Obviously, not financial advice. Do whatever you want to do, but at a minimum, take a step back and ask yourself the same questions mentioned in this post. +Hello, I paid for a 6 class driving lessons bundle for my wife 1.5 weeks ago. The first class was scheduled 2 days after the payment and everything was great. But the lady who schedules has been giving nothing but reasons for a week on why she's not being able to schedule more. She doesn't say she cannot give contracts anymore (that breaks her contract and entitles me for a refund) but doesn't schedule either. She cannot even give a deadline. My wife is coming close to forgetting her first lesson and this service is becoming fully useless now. I started calling her to give reminders politely and she doesn't pick up my phone anymore too. She texts at the end of some days giving some BS reason as to how she was busy and how she will get back the next day (which never happens) + +The contract says, until and unless the driving school is not able to fulfill its obligation, they cannot process a refund. These people can keep pushing forever under this and essentially steal my money. I'm pretty sure she'll refer to this if I bring up refunds at all. + +I paid for it with my Amex credit card. I haven't burnt the bridge with her yet but I wanted to see what my options are to handle this better. At this point, I do not have any hope for my remaining classes. I just want my money back so I can take it to someone else. Please help! +It's been said here before, and I'll say it again. + +Crypto is not a get rich quick scheme. Investing in shitcoins do not change that. + +Meanwhile, investing in well supported and good coins have a high chance of making you good profits in the future. But this is the far future. + +That being said, if you invest to bet on earning money to aid you to live like you would be paycheck to paycheck, you're doing something wrong. + +That's where a job comes in. A job should never be replaced by crypto. Use the fiat from your job to sustain yourself. Use crypto to assist you in the future. +My wife and I are ready to buy a house. I (23M) and my wife (24F) will make about $112,000 before taxes, $96,000 after taxes. The only debt we have is 2 car payments totaling $835 a month. Right now we are saving about 50% of our income as we are renting a place. We have $15-20k available as a down payment. As long as my work allows me to remain remote we would be staying in the same area. The median list price for houses in my area is $187,125. + +We don't have the money to afford a 20% down payment so will be looking at some sort of FHA loan. Ive heard that more grants are available for people that build homes as apposed to buying. Not sure how much to spend where I can still max out my Roth IRA. I work from home so I would prefer to be comfortable at home. + +I'm just kind of lost and looking for some guidance. All these websites say we can afford a house in the $350-400k range but that seems pretty expensive. Not sure what to do. +My employer is limiting my 401k contribution to 8% (matching 4%) and offering a Deferred Compensation Plan. Iā€™ve enever had an employer block me from contributing the max $ amount to a 401k. Anyone have experience with a DCP?? +Disclaimer: I know that I should seek advice from a professional but I am curious to know what you guys would do in my situation which I will try my best to describe concisely. + +Firstly, I am 18 and have about $2000 sitting in my checking account. My financial aid and scholarships (which we will assume I keep and am confident that I will) allow me to receive about $1000 per semester after paying for all tuition and board/fees. I will graduate in Spring 2022 with a bachelors in Computer Science by the latest. Lastly, I am unemployed but from my understanding this is not a requirement for using Vanguard. + +Now, I want to buy 1 share in VTI or VOO for now just to get me started somewhere. I understand that they generally track very closely because VTI is like 80+% comprised of VOO and both are great options, but let's just say I choose VOO. So, seeing as I will graduate about a year from now with a highly employable degree should I just wait until I become employed to buy more shares, or is it better to just start now even if it's a lesser amount? I realize a 1-year difference is minuscule and I hope this post didn't sound too stupid as I'm new to the market spectrum but I would like to hear from others. Thanks! +I was watching the news and they did a story on how many people got fraudulent small business loans during the pandemic and I just want to cry. Iā€™m so stressed about my finances right nowā€¦a 10k lump sum would make a lot of those stresses go away. My car is 10 years old and it needs repairs I canā€™t afford. They talked about one couple who claimed their house was a ā€œfarmā€ and got 1 million dollars and bought a luxury car. I just want a car that drives to and from work and doesnā€™t break down. They got arrested but there were a lot of people who didnā€™t get caught. Man itā€™s just a bad day. +Anytime I ever type a ticker symbol into google, of course Motley Fool comes up in the results. In the beginning, I very quickly learned they are in fact the Fool. The writers are only trying to push their own agenda that will help make themselves money in the stock market. The are not trying to provide solid advice to help you and I. Moral of the story: don't be foolish and follow a fools' advice. +So I'm a frequenter at the local Burger King in my area and its always open until midnight everyday. And the young lady who I always see to take my order is this mid-late 50's Mexican immigrant. I'm assuming she is an immigrant because she speaks the bare-minimum amount of English for being able to take your order. And let me tell you, she works her ASS off, sometimes ALONE! Being in a smallish college-town, this is THE only fast-food joint open until midnight and the line tends to get smashed with customers the last 30 mins before closing. And keep in mind she's ALWAYS working midnight closing shift. Last night I passed by and ordered my usual 2 burgers for $7 meal and pulled up to the window. The first thing she said after I asked "Hey! How's it going tonight?" was one of the most depressing "I'm very tired" (s) I've ever heard. I straight up almost teared up in my car eating my two burgers thinking about how much she probably struggles every day trying to provide for whatever dependents she has, if she has any. Not to mention the rent where I live is expensive AF (I live in my car), so she most definitely lives at least 30 min to an hour away where rent becomes marginally more affordable for someone in her situation...Anyways, when MOASS comes crashing down on us, I made a promise to myself last night that she'll have a reason to celebrate MOASS with us. That's the least I can do with the occasional free Icee she gets me. Godspeed Apes, MOASS tomorrow. +https://www.marketwatch.com/story/are-millennials-saving-too-much-for-retirement-2020-02-21 + +Apparently FIRE adherents might ruin the economy by saving too much. Nevermind that apparently 99 countries in the world have higher savings rates (https://en.m.wikipedia.org/wiki/List_of_countries_by_gross_national_savings, including such tiny, insignificant countries as ~~Japan,~~ (Edit: Japan has a high savings rate but it's probably disputable that it conducts *effective* monetary policy.) South Korea, ~~Italy,~~ (Edit: since it uses the Euro I don't think Italy conducts its own monetary policy.) Canada, Australia, New Zealand, India, and China) and still manage to conduct monetary policy. Nevermind that the FIRE movement is small. Nope, it's all on the FIRE movement. +If you planning to watch court stream, then its probably better to use official youtube court stream. + +[https://www.youtube.com/c/USCourtsCADC/featured](https://www.youtube.com/c/USCourtsCADC/featured) + +&#x200B; + +United States Court of Appeals for the DC Circuit + +Monday, October 25, 2021 **9:30 A.M. USCA (Live-Stream)** + +Judges Rao, Walker, Sentelle + +Case#: 20-3025 USA v. Arnold Jackson (10 minutes per side) + +Case#: 20-7054 United Mine Workers of America v. Energy West Mining Company (10 minutes per side) + +**Case#: 20-1424 Citadel Securities LLC v. SEC (10 minutes per side)** +Iā€™m looking into changing careers and have been thinking of buying a business of some sort to make it happen. A hotel came up for sale in my home town and I do not know if it is priced fair. How do I figure out what a fair offer would be on it? +What brokerage does everyone use for a self directed RESP investment account? I tried using RBC direct investing, but they want me to print out a form and mail it in. This form requires SINā€™s, bank account number, net worth, employment etc. Essentially a lot of personal information I donā€™t trust sending via mail. Iā€™ve been banking with RBC for over 10 years, mortgage, credit card, mutual funds. They have all the information they could ever need from me. I really thought this would be easy. Is it normal to have to physically mail a form? + +So Iā€™m looking for recommendations to where to open a self directed RESP investment account. + +Thanks +I took a long absence from reddit and recently returned. + +Last time I was here the general consensus was bullish for AQN. + +About 7% of my portfolio is tied in at an average of around $19. + +Are people on here optimistic for it's future? I heard they had a deal with a kentucky producer that seems to keep its price low nowadays. + +Thoughts on AQN? +Hello everyone, + +If I have a line of credit at 3.4%, does it make sense for me to invest that line of credit into Scotiabank stock which currently has a dividend yield of 5.4-5.5%. Would this completely swallow the interest and then give me ā€œfreeā€ cash flow of 2% of my invested value every year? Am I missing something? +[CTS.TO](https://CTS.TO) (Converge Technology solutions) is down 15%+/- after an earnings that by most accounts beats expectations or is at least in line. Company is growing more than 60% a year once you factor in acquisitions. Organic growth at 5.9% this quarter, which while modest, is not at all bad. The company is trading at ridiculous multiples now. Forward P/E of about 7.5 for a tech company growing at 60% a year is insane. This is the gold standard of Canadian tech companies, imo. Am I missing something here? + +Disclosure: I am long CTS, and have been adding today. +To clarify this is my first DD, sorry if it looks messy and unformatted I am doing my best. I am bullish on the Score and hold 33 shares at a 32.59 CAD AVG. I intend on adding more once my swings either pay me out or inevitably hit my stop loss. I am not even remotely close to a financial advisor, I just started trading recently, so it is not a wise idea to buy or sell anything because of me. + +I also posted this in r/stocks if that is not ok I am sorry and will delete this. + +Ticker:SCR + +Marketcap:1.3bil USD + +Shares outstanding:50 mil The Float:28mil + +AVG Volume:330,000 + +All numbers from FINVIZ + +CEO:John Levy [https://ca.linkedin.com/in/johnlevythescore](https://ca.linkedin.com/in/johnlevythescore) + +Also the SCR just wen through an aggressive 10 to 1 r/S to get listed on the NASDAQ so institutional investors would take them seriously, which can explain why some of your charts may look funky. The r/S initially had the $SCR jump up to 54 CAD but then went down to like 26 CAD, now it seems to be consolidating in the low 30s. + +The Bull Case + +TheScore media is a Canadian based media company which is looking to get into the online gambling industry. The Score is the third biggest sports app in North America and biggest in Canada. The familiarity with the brand should be massive in Canada, and some experts have predicted Ontario itself to have 2-3 billion in annual revenue from sports betting (probably thanks to the Leafs sucking ass when it counts). Online gambling has been a craze with legalization becoming more imminent, and governments wanting to rake in that extra tax revenue. + +Canada has just recently passed bill C-218, which aims to legalizes all single game sports betting. There is another reading tomorrow, where John Levy will be present to speak. Trudeau and his liberals also seems super pumped about passing this bill, as it can be a way to pay back CERB and other covid related debts. + +PENN owns a 4.1% stake in the SCR and there have been buyout rumours from DKNG. Both want the brand that the Score owns. TheScore also has a partnership with PENN, where theScore bet app can be in states that PENN is in, as theScore is currently operating in Colorado, Iowa, Indiana and, New Jersey. As other states are set to legalize, theScore is hoping to get a piece of the American pie. Canada it will be much less complicated to operate. + +PENN's market cap is 16.89 billion and Draftkings (DKNG) is 26.79 billion. Although I do not think $SCR will reach that anytime soon, it demonstrates the room for improvement. + +SCR also just closed the 186 million IPO in the USA. They have lots of cash to throw at ads and others things a sports books will need. + +They are also doing aggressive promos, like a $500 first bet risk-free. I have not used the app as I am Canadian and it is not available yet, but looking at videos and pictures, it looks clean. [https://www.thescore.bet](https://www.thescore.bet/) + +Macquarie today initiated coverage on $SCR with an outperform rating and a $44 price target, and they are known for giving pretty conservative ratings. It is exciting that the score is getting the attention it deserves. + +My PT is $70ish EOY and $150ish by 2025, but I also pulled these numbers out of my ass so don't base anything off of them. + +BEARISH CASE + +I am afraid of off-shore sports books already taking away a lot of the revenue of people who are already betting. Before I got into investing I used to bet with Betway and was confused why my money was being converted into pounds and it was always advertising soccer. I didn't realize what I was doing was illegal and many others don't. Also I don't think a ton of people would change apps unless the government tried to ban them or something. I am not very knowledgeable in the offshore sports books world. + +Also DKNG and PENN are such monsters that they could just smother us with there promos and ads. + +TLDR:$SCR is a media company which is turning to online gambling for sports. There is a lot of room for improvement. IANAFA. Do your own DD. + +Any feedback on my first DD would be greatly appreciated. I know this isn't super complex with TA or financials, as I am still learning. +I'm currently 20 yrs old, looking to save for a house and just starting to learn about investing. I'm looking to invest 50% XEQT, 20% VFV, 20% TEC, and 10% TD. 90% of my portfolio is in etfs and index trackers. + +I've seen people on this sub along with main "base" etfs like XEQT and VFV also invest in many individual companies. Should I be doing more of that? Or is a etf based portfolio acceptable? +[https://imgur.com/gallery/lR2qacU](https://imgur.com/gallery/lR2qacU) + +S&P 500 Inflation-adjusted earnings yield falls below zero : from Bloomberg TV. + +When you look at the 4 most recent dips below 0, you can see : + +**Black Monday** (Stock Market Crash of 1987) + +**Dot-Com Bubble** (Stock Market Crash of 2000) + +**Subprime Crisis** (Stock Market Crash of 2008) + +**The Great Ape-Scape** (Stock Market Crash of 2021?) + +It dipped pretty hard. Think 2008 on steroid. This. Is. Insane. + +**TLDR: BUY. VOTE. HODL.** + +Update: Thanks to u/Jealous_Squash_1031 + +here is an archive of the televised footage: + +[Bloomberg Surveillance : BLOOMBERG : May 21, 2021 7:00am-8:00am EDT : Free Borrow & Streaming : Internet Archive](https://archive.org/details/BLOOMBERG_20210521_110000_Bloomberg_Surveillance/start/3060/end/3120) +Been thinking a lot about this recently because Monday is usually the day I put on most of my trades for the week. If it is a red day, I will assume the share price of the underlying is falling. If you sell a CC immediately you get the benefit of theta but if you wait you miss out on it. Say you have 2 or 3 red days in a row while you are waiting for green day and now your underlying stock is even lower and you would be forced to sell CC at a lower strike. Does it really make sense to wait? You lose the theta and the price is lower. You can always roll it out and up if price rises. (Hope I explained this well enough for you to follow.) + +Ideally, I prefer selling CC on green days - definitely more rewarding - but I'm not convinced I should wait if it's red...especially with all the red we have been having. + +What am I missing? I remember people quote the saying "time in the market is better than timing the market". Seems like sitting out might not be the best idea. Opinions? + +Edit: I should add that I do find it easier to wait for a red day to sell CSPs because they would be new positions where the CCs I already own the stock and am trying to generate extra income from holding it. +I see so many newbie posts. No offense to the noobs, but may we have some solid advice from some TG vets please? What's you're DTE, Delta, what do you look for in a Stock prior to opening CSP, target allocation % size etc. Tons of us on here would benefit from advice from successful traders, we all just wanna make it. +Would it be smart to invest into QYLD (or another high yield monthly dividend etf) while selling puts? + +I was thinking of selling CRSR or LAC 45DTE as cash secured puts and buying. has anyone done this? what are the downsides to this play? +I own a few stocks that have dropped 20-30% below my cost basis (guess when I started buying individual stocks after investing in only ETFs for a long time). Selling at strike prices above my cost basis would give me peanuts and it doesn't seem worth it. +Psychologically I am very reluctant to sell below my strike price, although I could have earned some extra cash if I did in most cases. I wanted to understand what people typically under these circumstances. +The IV on this is insane. I sold 2 $60 1/15 puts at a credit of $15 apiece. With the move lower, it was in the red, so I rolled it to 2/19 and collected *another* $7.50 apiece. + +Edit: Sold 3 more 12/17/21 $60 puts at a $38 credit apiece, which would put me at a blended $28.20/share price if exercised on all 5. +TLDR: The "guidelines" that financial advisors and writers push to try help us estimate the percentage of our pre-retirement income we'll need in retirement were TOTALLY useless for us. I suspect they will be as well for other high earners who also live in very high cost of living areas but plan to relocate to lower cost areas once they are no longer tied to a job. We may be an extreme case, but have entirely maintained our pre-retirement standard of living on 25% of our pre-retirement income. + +&#x200B; + +My wife and I retired early 2019, 50/55 years old. We were never officially trying to FIRE, but did have the idea that when our last of four children left the nest, it would be pretty cool to pull the plug. We beat that soft "goal" by a year. + +There's so much energy spent focusing on SWR (and the resulting "nest egg" one needs to retire) but that part didn't make us nervous (thanks Big ERN!). What kept me up at night was the incredibly crappy information out there about what budget level we should plan for. We read over and over that one should try to target 70% of pre-retirement income. Some sources acknowledged that \*maybe\* one might get by with less...maybe as low as 50%. But the problem we had was when we ran the budgets, we felt we could live comfortably on \~25% of our pre-retirement earnings (around $360k+). And though I searched, I couldn't find any similar case studies out there. + +Our resulting budget of $90K was a number we knew we could live on. (Duh...no one's going to starve on that!) But we didn't know if we'd feel like we were sacrificing vs. our previous lifestyle. (Travel is an important objective for us as we never had time to see much of the world while working and raising kids.) + +18 months into retirement, I'm here to say it was EASILY doable. Zero standard of living decline. + +How is that possible? + +1. Moved from SF Bay to Spokane +2. Traded a mortgage on a $900K home (with something like $7k in property tax!) for a $235k home we bought with cash (and around $2.5K property tax). +3. No more retirement savings. (We had been maxing out our 401ks for years.) +4. We raised four children and now have few kid related expenses. (We're lucky that they're proving quite industrious in building their careers.) +5. No more commuting. (Both my wife and I had long expensive commutes in the Bay Area) and we own fewer cars (less maintenance/insurance, etc.) +6. No state income tax (WA vs. CA) +7. Very low federal tax (we have enough after-tax cash that we may never go over the 12% marginal tax rate again) +8. Lower cost of living in general in Spokane (utilities, restaurants, contractors, really everything) +9. We were so busy with demanding jobs pre-retirement that we ate out a ton and had a housekeeper. We still eat out but no where near as much and don't need a housekeeper +10. We have time to search for travel "deals" and travel off-peak for our vacations +11. Almost zero new clothes budget...and none for work +12. And starting next year: Very heavy ACA subsidies due to managing our income carefully + +We would have been a lot less stressed if we had seen anyone living happily on 25% of pre-retirement income. I would bet some of the extreme FIRE folks here plan to do it because they are saving such a high percentage of current income. But that wasn't the case with us. + +I hope this makes someone a little less nervous if their budget for FIRE seems comfortable under 50% of pre-retirement income. + +What's your budget target? Anyone else in the 25% range? (We might go lower after those ACA credits kick in next year. We paid a whopping $1700/mo for COBRA this year!) +http://www.cbsnews.com/news/the-surging-ranks-of-americas-ultrapoor/ + +http://www.rollingstone.com/politics/news/six-ways-america-is-like-a-third-world-country-20140305 + +http://www.wsj.com/articles/third-world-america-1446594670 + +http://www.salon.com/2013/12/10/look_at_the_stats_america_resembles_a_poor_country_partner/ + +http://www.washingtonsblog.com/2014/08/u-s-now-third-world-country.html + +http://www.city-data.com/forum/economics/2242426-america-becoming-third-world-country.html + + + +Mod teams over the last few months this sub, which was once a decent sub for discussion on the economy/stock market (primarily in the US) has turned into anti work 2.0. + +Can the mod team please establish some forum rules on low effort meme posts of this blatant garbage. For examples a tweet of some random fast food franchise owner complaining no one wants to work is not economy related nor is old memes fighting for higher wages. There are places for these types of posts. I would enjoy if this sub went back to it's roots and focused on macro shifts in policy impacting the economy. Stock market indices feedback on daily shifts related to various news cycles, you know actual macro/micro economic items. +A multi billion dollar bank will charge a struggling single mother 30$ for running out of money. + +Your bank says you can afford to pay 1500$ per month in rent but not a 800$ per month mortgage. + +Scalable smart contract protocols within Ethereum and Cardano fix that problem. + +Your bank says 4-5 business days, sometimes thousands in fees and regulatory registration for international wire transfers. + +Distributed ledger real-time gross settlement systems like XRP on Ripple Net say 4-5 seconds, 0.000001$ fee (hard limit) and limited regulatory interference. + +Your bank says diversify your investments with a shiny rock of which the supply is unknown and will become obsolete with commercial space industry. + +Bitcoin says 21,000,000 to exist for eternity. No more, no less. + +Your bank has been giving you 0.05% interest on your savings for so long they have you convinced a 1.25% bonus rate is generous. Inflation burns your money faster than you can deposit it. + +Decentralized wallets eliminate greed from the equation with yield farming: 3-10% APY stablecoin (USD pegged token), 5-25% APY Large Cap (BTC, ETH, BNB), 10-100% APY altcoin and up to 10,000% APY on new project launches. + +If you apply to a bank for a business loan but don't have a plan to compete, they deny your loan. + +What plan do the banks have to compete? +After years of the student loan millstone hanging around my neck, my wife and I finally started building real wealth in 2018 and I couldn't think of a better place to share than this sub! + +https://i.imgur.com/4kbNRpK.png + +A little context behind the numbers: + +2013: Wife and I got married. I started grad school. **Net Worth: -$59,300** + +2014-2015: Between scholarships and living on one paycheck and putting the other entirely to loans, we paid off grad school within a year of graduating. **Net Worth: -$48,300** + +2016: Got first "real" job after grad school and annual household income tops $100K for the first time. We open IRAs and start investing a bit. **Net Worth: -$14,500** + +2017: Daughter was born! Got a 25% raise in a new job. Had to replace a vehicle and had other unexpected expenses, but still improved our financial state enough to hit positive NW territory. Discovered r/financialindependence and started daydreaming of FI. **Net Worth: $3,800** + +2018: Luck, hard work, and opportunity led to a promotion and a 60% raise. We both maxed our IRAs for the first time and put some serious money for a home down payment. (We live in an HCOL area and don't necessarily plan on buying right away, but we'd like the option if the time is right.) The late 2018 market dump shaved a bit off the top, but we were still able to improve our financial position by nearly as much as the previous three years combined. **Net Worth: $63,900** + +Looking forward: My employer will start offering a 401k in 2019, which we will be maxing along with our IRAs. Everything else will go towards rounding out our down payment fund. After we hit that goal, we'll take a nice vacation somewhere and then start putting extra into a taxable brokerage. + +Here's to 2019! + +(Edit: a word) +Hey guys so my job does not offer a retirement plan currently. I want to start using Vanguard to invest for this until my company begins to offer this. I talked to a friend of mind who is interested in the same, and he has been looking at VFIAX, VTSAX, and VBTLX. These seem like a good place to start to me as well, but I have never looked into this type of thing before so any advice you guys have for me I would greatly appreciate. Thanks so much +Peloton crushes estimates as sales surge 172%, expects strong demand to continue into 2021 + +Peloton said Thursday its fiscal fourth-quarter sales surged 172%, as its high-tech stationary bike and treadmill became two of the hottest commodities for people looking to workout from home during the coronavirus pandemic. + +The fitness equipment maker also offered Wall Street an eye-popping outlook for the current quarter and fiscal 2021, with sales of its bikes not expected to slow down anytime soon. + + +But that also means more strain on its supply chain. In a letter to shareholders, Peloton said it had expected demand to ā€œmoderate,ā€ but a recent resurgence of Covid-19 cases has ā€œperpetuated the imbalance of supply and demand.ā€ It said it doesnā€™t expect to return to ā€œnormalized order-to-delivery windowsā€ in the U.S. before the end of the fiscal second quarter. + +Its shares were up more than 7% in after-hours trading. + +Peloton also has proven that once it hooks a new customer, they tend to stick around. Average net monthly connected fitness churn was 0.75% in the latest period. And itā€™s predicting fiscal 2021 churn will remain under 1%. + +Hereā€™s how Peloton did for its fourth quarter ended June 30 did compared with what analysts were expecting, based on Refinitiv data: + +Earnings per share: 27 cents vs. 10 cents expected +Revenue: $607.1 million vs. $582.5 million expected +It swung to a profit of $89.1 million, or 27 cents per share, compared with a loss of $47.4 million, or $2.07 per share, a year earlier. Its earnings per share came in 17 cents ahead of analystsā€™ expectations. + + +Its sales skyrocketed 172% to $607.1 million from $223.3 million a year earlier, topping a forecast for $582.5 million. + +Peloton said it ended the quarter with more than 1.09 million connected fitness subscribers, up 113% from a year earlier, and roughly 3.1 million members in total, including those who only pay for its digital subscription. Connected fitness subscribers are people who pay to sync workout classes to their Peloton equipment, versus accessing the programs separately through a phone or tablet device. + +Peloton said its fiscal first-quarter sales should fall within a range of $720 million to $730 million, which would represent 218% growth year-over-year from the mid-point ā€” way ahead of expectations for $506 million, according to Refinitiv estimates. + +Peloton is calling for fiscal 2021 sales of between $3.5 billion and $3.65 billion, which at the mid-point of that range would be up 96% from a year earlier ā€” again solidly outpacing estimates of $2.7 billion. + +Earlier this week, Peloton announced the launch of two new items: A lower-priced, high-tech treadmill and a more expensive bike option with a rotating screen. Analysts expects that should bode well for the business moving forward, by attracting additional members and prompting current customers to make upgrades. + +Pelotonā€™s new Bike+, which retails for $2,495, is already available for sale. The less-expensive Tread, which will retail for $2,495, is coming to the U.K. on Dec. 26, the U.S. and Canada in early 2021, and Germany later next year, the company said. The original Peloton bikeā€™s price has dropped to $1,895 from $2,245, coinciding with the launch of the more expensive version. Pelotonā€™s pricier and original treadmill, the Tread+, retails for $4,295. + +Pelotonā€™s users are working out more, too. It said its connected fitness subscribers are averaging 24.7 workouts per month, up from 12 a year earlier. + +It didnā€™t need to spend as much money on advertising during the quarter, either, citing ā€œrobust organic demand due to ... strong brand awareness.ā€ It said it continued to pause the majority of its media spending through the end of the period. + +Peloton ended the quarter with $1.8 billion in cash, cash equivalents and marketable securities on its balance sheet. + +As of Thursdayā€™s market close, Peloton shares have risen more than 211% this year. Its market cap is about $25 billion. + + +https://www.cnbc.com/2020/09/10/peloton-pton-reports-fiscal-.html +It really was the wild west until March this year. No prices listed on ads, offers 10+% over price guide, houses selling within hours of being listed. +Those that bought in, have you got negative equity already? +Looking to buy a property (PPOR) as soon as I can access at the very least a 10% discount. + +But how do you quantify the discount? + +Most properties are listed at a range. For example, $600K to $650K. If at the minimum you're trying to access a 10% drop in value, is it 10% off the middle of the range? So 10% off $625K? Or a different figure? + +Any advice would be appreciated! Thank you +A few friends have told me Athena home loans is not doing well financially. Is this true? Not sure what to make of it and not sure what's the truth. For what it's worth i really like them. +This summer I have an internship at an insurance based financial planning/advising company. + +I know one of the higher-ups personally, and I have already been told that I basically have the job after college if I am half-way decent and hard-working/want the job. +I will be mentored by a few advisers that make about 2-300k a year. +I know it's hard work, especially in the beginning, but I also know it can be very lucrative. +The problem is, as I'm sure most of the FIRE crowd knows, these type of jobs are mostly commission based and/or based on charging high asset management fees. +I suppose my question is, how do I do a job like this when I don't believe in most of the products I would be selling? It feels so sleazy, but is it worth it for FIRE purposes? Is there a way to be an ethical financial adviser and still rake in the commission dough? I really want to help people with their finances, but I want the big bucks as well obviously. +Hey everybody I live in central California, just graduated high school, turned 18 about 3 days ago. I was kicked out of my house the moment I turned 18. My parents gave me 1 hour to pack and shut the door on me with no car, documents, and only $200 in checks. So a little backstory about my family, They grew up in Vietnam during the war and migrated to the U.S and had very difficult lives. When I was born they raised me to become independent. Meaning I cooked, cleaned, took myself to school, and cared for my own self most of the time. However, they emphasized school the most and they would punish me if I slipped, so I made it my priority to keep my grades high and get into a decent college. Well, I got into a really good university 4 hours away, but 3 days ago I was kicked out of my home with no warning whatsoever. They told me to be on my own now that I was 18. I called one of my close friends right away and he told me I could couch surf at his house while I figure something out. I've never had a job, I don't have much money, and have no car. I don't have a bank account so I can't cash my checks. However I do have a drivers license. + +I asked a couple of friends via Instagram if they had jobs they could hook me up with and I supposedly have one lined up on Monday June 8 and I'm in the process of getting my SS and birth certificate from my parents. I also go to college in 7 weeks and I have no idea what I'm doing. Please excuse my ignorance if there's a page of helpful tips I could use I'm in a state of panic and shock at the moment. + +So to sum up I'm looking for a job (in the process of getting one hopefully), creating a bank account, and hopefully using that money to buy a prepaid plan to make calls on my phone since they canceled the existing mobile plan I was on. What should I be doing? Any help would be appreciated. + +EDIT: I have read all of the comments. Thanks for the feedback everyone. I will edit as things get done +I never really know what to tell the recruiters when they ask me what my current salary is. Part of me thinks they want to know in case I am on too much compared to the role they offer but I am not really sure. + +I feel like asking why don't you tell me the salary range the client is offering. + +Why do they ask this question and how do you answer recruiters when they ask for your current salary details? +Hi everyone! +I want to run my financial picture by you guys. +We are getting ready to upgrade to a home for $570,000- we are putting 5% down and our payment (PITI) will be $3,350/ month. +We currently own our first home and plan to rent it out. After paying that mortgage and saving $200 for repairs- we will profit approximately $1,200/ monthā€¦. + +Which in my mind brings our total housing costs to $2,150. (New mortgage-profit from rental). + +I am a realtor (9 years in the business) and on average over the last 9 years make around $120,000/yr. (80k being the lowest(first year in real estate) and in 2021 making $195k. This is pre tax. So subtract out approx 25%-30% to hold back for taxes. + +My husband is a teacher and makes 50k gross/yr. + +We have no credit card debt, 1 car payment ($400) and 1 camper payment ($200). + +50k in self directed IRA, 20k in savings, 30k in stock market, husband has a pension. +I contribute $800 to the self directed IRA/month. +No childcare costs (2 kiddos). + + +Feedback? Thoughts? +Am I making a mistake if we want to get a pool? Weā€™ve lived in a sub with a community pool for the past 10 years. Itā€™s been great but, limited hours and sharing a pool with others isnā€™t perfect but it was manageable. Until last year. The people running the pool stepped down and the pool has gone down hill fast. Hours were reduced more, pool chemistry wasnā€™t maintained and when the pool was open, nobody wanted to swim due to algae blooms. The association doesnā€™t want to pay to have the pool maintained properly and they donā€™t want to pay lifeguards competitive wages so it looks like limited hours again this year. + + +Financially, I can pay cash for the inground pool and still have 1 year of cash on hand if my wife and I both lost our jobs. We both max out our 401k and an HSA and we have a healthy balance in our 401k right now. + + +We live in a Midwest state so fairly low cost of living. The house is likely our last house before wanting to downsize. + + +We save about $3500 per month after all expense and our only debt is our mortgage which I was paying down aggressively until last year when I refinanced into a 10 year @2.35%. About $95k left. + + +Both our cars are getting old but I WFH and she has a very short drive to work. We could benefit from new windows on the house, but everything else major has been taken care of (Kitchen, Roof, furnace) + + +My wife tells me she doesnā€™t want to wait till her 60s to spend some money and I get that. We are in our 30s now. + + +I did lose my job during the Great Recession and at the time had little job experience which left me unemployed for the longest 11 months of my life. It has given me some ptsd and caused me to hoard cash and I get anxiety with large purchases. + + +Are we staring down a recession soon with inflation skyrocketing or is that just my anxiety with a large purchase? Feels like we are past due for a recession in the US. +OK, let me start by saying that I think the general idea of a cryptographic currency is a brilliant one. I can definitely see Bitcoin establishing itself as a major world currency, and basically doing to fiat currencies what email did to the postal system. + +However, whenever I mention Bitcoin to anyone, I **strongly** encourage them not to invest more than they are prepared to lose. I myself only own 10 BTC. Why? Because Bitcoin has flaws, and it has potential enemies, and I think there's a very good chance that the currency could be basically destroyed overnight. + +*THE PROBLEMS:* + +1. **The code.** Bitcoin is not a magic black box. It's a complicated piece of open-source software, written by a community of volunteers and hobbyists with various degrees of ability. IT CONTAINS BUGS. What these bugs are and how serious their symptoms will be remains to be seen, but we have already had a few serious problems (such as [the 0.7/0.8 fork](http://it.slashdot.org/story/13/03/12/063246/bitcoin-blockchain-forked-by-backward-compatibility-issue)) and it's likely there will be more to come. + +2. **The value of exploits.** With the soaring value of Bitcoins, it is likely that it will increasingly become a target for attack. If someone can find and exploit a flaw, they can make a fortune. Due to the nature of Bitcoin, it would be almost impossible to discover the culprit or recover any losses. [This was already happening when there was almost nothing to gain from it!](https://bitcointalk.org/index.php?topic=822.0) + +3. **Government intervention.** Currency manipulation is one of the core economic controls of government. Mass adoption of Bitcoin would render this tool ineffective, or even unusable. It's certainly conceivable that the US or EU could implement a blanket ban on Bitcoin trades, which would utterly cripple the currency's expansion. As we're now hitting the point where large-scale funds are buying into Bitcoin, such a move would cause a rapid exodus of significant funds, by a few small high-worth individuals over a very short timescale. This, combined with the effect of legislation, would almost inevitably trigger a large-scale panic sell-off, and there would be no market remaining to allow for the currency's revival. + +4. **Corporate sabotage.** Moneygram, Western Union, Paypal. Just three examples of multi-billion dollar multinationals with business models which would be rendered obsolete should Bitcoin achieve widespread adoption. Bitcoin, despite its rapid expansion and long-term potential, is tiny compared to many large organisations which have a vested interest in seeing the currency fail. At its current size, the Bitcoin economy could be toppled for a handful of million dollars- enough to buy and sell large volumes specifically to cause huge price swings, to undermine confidence with smear campaigns, or to directly attack flaws in the software or the network that underpins it. + +5. **Fundamental flaws.** The design of Bitcoin is not perfect. We're already seeing the blockchain becoming bloated by the micro-transactions of SatoshiDice. What if the volume of these were to rise a thousandfold, through deliberate flooding or simply through the natural expansion of the currency? We're already worried about mining guilds which have control of too much computing power. 51% is quoted as the minimum level required in order to subvert the Bitcoin transaction system successfully. This is not strictly true- 51% is simply the point at which an attack becomes more likely to succeed than to fail. It's perfectly possible that an entity with a significant non-majority of mining power could succeed in poisoning the blockchain with dishonest blocks. This can be attempted over and over again by a motivated group or individual, and it only needs to succeed once to cause irreparable damage to Bitcoin's credibility. + +With the current public interest in the currency, the media spotlight focused on it, and the fledgling involvement of high-value investors likely to abandon Bitcoin forcefully if they foresee any potential losses, I believe that Bitcoin is extremely vulnerable at present. Any one of the problems listed could trigger a panic which would crash the currency overnight, and in a way that it wouldn't likely recover from. + +So, whilst I'm not concerned about the effects of speculative bubbles, and I do believe Bitcoin is destined for long-term success, I urge caution. Please, don't invest more than you can afford to lose. +My family recently moved to London and whilst it's nice I cannot get over how expensive everything is. From houses to music lessons and tution for the children. Our rent is paid for by my wife's employer for the duration of our stay. But how do people families in particular manage to live in London. Some of the parents at our children's school have 5 children, with only one parent working in a store or taxi driver but they seem to be doing ok.. +**Edit: If you don't like the idea of someone making 64k in 1989, cut all numbers in half.** Imagine someone making 32k, saving 12k/yr, spending 20k in retirement on a 500k portfolio, etc. **All conclusions will be the same, merely the face value of the dollar amounts would be cut in half.** + +Why did I choose 64k? Because it leaves 40k behind after arbitrarily choosing 24k to save. The 40k numberā€”and the $1M FIRE number that flows out of thatā€”have resonance in this subreddit and make the raw numbers more intuitive to a 2020s audience. + +**Edit:** I have included numbers cut in half *(in italic parentheses)* for those who state the 64k number is unrealistic. Again, none of the conclusions of the post are different as a result of dividing by 2. + +**** + +# Intro + +We each only have one life, but I think it can be instructive to imagine yourself in other contexts to evaluate how those situations make you feel so you may be better prepared to handle them if they happen to you. To that end, I wanted to explore a particular hypothetical Gen Xer's experience. Someone who started saving in 1989 saw a particularly difficult set of returns at key points in their investing journey. All values are inflation-adjusted and include reinvestment of dividends. For simplicity, taxes are omitted. + +# Saving for Retirement + +Imagine someone born in 1969 who gets their first real job in January 1989 making $64,000 *(use $32,000 if you think $64,000 is unrealistic, the conclusions are unchanged)* in 1989 terms. + +This person saves $24,000 *($12,000)* each year, with an inflation adjustment, allowing them to spend the remaining $40,000 *($20,000)*. Using the 4% rule of thumb, they set a FIRE target of $1M *($500k)* in 1989 terms. It took this saver [a little over 23 years](https://imgur.com/kE3llrd) [*\(32k graph\)*](https://imgur.com/FDotrFF) to reach this target ([source](https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timePeriod=2&startYear=1989&firstMonth=1&endYear=2012&lastMonth=2&calendarAligned=true&includeYTD=false&initialAmount=1&annualOperation=1&annualAdjustment=2000&inflationAdjusted=true&annualPercentage=0.0&frequency=2&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&asset1=TotalStockMarket&allocation1_1=100)). + +There are a few things to note: + +* The saver gets *this* close to the target in October 2007, but in hindsight is perhaps relieved they did not retire then. +* In February 2009, the saver's portfolio is worth $486,299 *($243,151, discrepancy due to rounding)* after having put $484,000 *($242,000)* of contributions into the account. + +**After 20 years of investing, the saver's portfolio is worth only** ***$2,299 ($1,151)*** **more than their total contributions to date.** + +Stop and think about that for a second. You diligently save for 20 years and end up just one month of contributions ahead of where you'd have been if you had gotten zero real return. If anything in the financial world is discouraging, this is it. + +Having seen this, my mind immediately turned to prior work examining [de-risking with bonds](https://www.reddit.com/r/financialindependence/comments/dnw72j/dynamic_asset_allocation_for_optimal_accumulation/) as your portfolio gets close to your FIRE number in order to reduce the impact of a market crash as you get close to your number. + +Let's say the saver takes this to heart and decides that once they hit 70% of their FIRE number, they'll rapidly shift their portfolio to their retirement asset allocation of 60% stocks and 40% bonds. For this retiree, this event happens [right at the end of 1999](https://imgur.com/j21KJZk) [*\(32k income graph\)*](https://imgur.com/A1AhMhF), which in hindsight is very nice timing regarding what happened in the early 2000s. + +If we take a look at the path of $703,731 *($351,868, again, rounding)* dollars invested at the beginning of 2000 (with $2000/mo *[$1000/mo]* continued contributions), we can see that the de-risked portfolio [hits $1M *($500k)* at the end of May 2007](https://imgur.com/q4qYjlO) [*\(500k graph\)*](https://imgur.com/J47xpqu) ([source](https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timePeriod=2&startYear=2000&firstMonth=1&endYear=2012&lastMonth=2&calendarAligned=true&includeYTD=false&initialAmount=703731&annualOperation=1&annualAdjustment=2000&inflationAdjusted=true&annualPercentage=0.0&frequency=2&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&portfolioNames=true&portfolioName1=100%25+Stock&portfolioName2=60%25+Stock%2C+40%25+Bond&portfolioName3=Portfolio+3&asset1=TotalStockMarket&allocation1_1=100&allocation1_2=60&asset2=TotalBond&allocation2_2=40)). (As an internal control, we can see that the 100% stock portfolio hits $1M *($500k)* at the same timepoint as before, early 2012). + +**Using timely de-risking of the portfolio, the retiree hits their FIRE number about** ***5 years sooner*** **than if they had kept a 100% stock portfolio.** + +# Spending in Retirement + +The good news: the de-risked saver gets to retire 5 years earlier! The bad news: it's in mid-2007. We all know what's around the corner for this 38-year-old retiree. + +For simplicity of comparison, this next section assumes retirement at the beginning of 2007 and that the retiree was somehow able to get $1M *($500k)* exactly regardless of their portfolio type. Let's now compare three different approaches: + +* a 100% stock portfolio with a 4% withdrawal, +* a 60/40% portfolio with a 4% withdrawal, and +* a 60/40% portfolio using [Variable Percentage Withdrawal](https://www.reddit.com/r/financialindependence/comments/itvn14/variable_percentage_withdrawal_a_workable_plan/). + +When comparing 100% stock to the 60/40% portfolio, the latter has certainly had [a smoother experience since 2007](https://imgur.com/SgDhOYC) [*\($500k graph\)*](https://imgur.com/FM99qJ2) ([source](https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timePeriod=2&startYear=2007&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=1000000&annualOperation=2&annualAdjustment=40000&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&portfolioNames=true&portfolioName1=100%25+Stock&portfolioName2=60%25+Stock%2C+40%25+Bond&portfolioName3=Portfolio+3&asset1=TotalStockMarket&allocation1_1=100&allocation1_2=60&asset2=TotalBond&allocation2_2=40)). At the beginning of 2009, the 60/40% retiree is withdrawing around 5.2% of the remaining portfolio value at that time compared to 6.7% for the 100% stock retiree. It's been a hair-raising experience for the 100% stock retiree, and the SWR-style of withdrawals gives no explicit guidance for whether and how much to cut back during bad years. Similarly, the 100% stock retiree doesn't get any instruction on whether or when it's safe to increase their spending to take advantage of some clear growth in the portfolio in the late 2010s. + +Let's look now at the experience of the VPW retiree with a 60/40% portfolio. They input a $2000/mo *($1000/mo)* social security payment coming when they are age 70, which roughly matches the inflation-adjusted payout of someone working from 1989 to 2006 making an inflation-adjusted $64,000 *($32,000)* (1989 dollars) through their career. + +Starting in 2007, the VPW Worksheet tells them to withdraw [$45,817](https://imgur.com/XicphFc) [*\($22908, rounding\)*](https://imgur.com/ylmWN6G) from their portfolio. This is a substantial benefit over the $40,000 *($20,000)* the SWR-style retiree takes (15% more!), but it comes with a downside. The retiree needs to be prepared for a reduction in spending to at least $32,415 *($16,207, rounding)* in the event of a market crash. + +Recall that in the parallel universe of SWR-style withdrawals, this retiree was willing to take only $40,000 *($20,000)* from the $1M *($500k)* portfolio. So a required flexibility down to $32,000 *($16,000)* represents a 20% haircut from that level of spending. I don't know about you, but I think that having a discretionary spending amount of 20% of my overall spending is eminently reasonable. + +[When we track what happens over time](https://imgur.com/649pThs) [*\(500k chart\)*](https://imgur.com/3VRtcsr), we can see that the market crash of 2008-9 truly did have a substantial impact on spending during that time. For a few years, the retiree is spending less than $40,000 *($20,000)* and at the beginning of 2009 they're taking a $35,041 *($17,521, rounding)* withdrawal from a portfolio that's fallen to $739,252 *($369,626)* (4.7%). While certainly no fun, they are still enjoying around $3,000 *($1,500)* of discretionary spending above their starting "flexibility" number of $32,000 *($16,000)*. + +More tellingly, their total amount spent over the 15 full years since retirement has been $698,734 *($349,367)* compared to the $600,000 *($300,000)* spent by the SWR-style retirees. **That is to say, the VPW retiree has gotten to spend** ***16% more*** **than the SWR-style retiree over this period.** + +# Conclusions + +* Bad market returns can make a mockery of even the most diligent buy-and-hold, day-in-day-out investor. Someone investing periodically from 1989 to the bottom of 2009 saw almost zero real return on their investment despite taking no breaks in their investing behavior and doing all the right things. +* De-risking the portfolio near your FIRE number can substantially mitigate the impact of a market crash on your FIRE timeline, saving 5 years of work for this particular retiree. +* Retiring at a bad time can significantly increase the stress of retiring using SWR-style approaches. Even conservative allocations like 60/40% can lead to uncomfortably high withdrawal rates. +* If one is able to tolerate a *reasonable* amount of variability in their spending, Variable Percentage Withdrawal can provide substantial upside in the (probable) case that the market provides high returns in the long run that cause the portfolio to grow substantially. +For all the postings and articles about replicating Peter Thielā€™s Roth IRA strategy I canā€™t find anything that goes deeper than the conceptual level and am looking for the actual actions I could take to make this happen. My tax advisers canā€™t figure it out and want me to put the securities in private placement life insurance instead. Itā€™s beginning to feel like teenage sex: everyone talking about it, nobody knows how to do it! + +I am in a unique spot this year where I am founding a new company and will have minimal income so this will be the only year I qualify to setup a Roth and have considerable control over the shares of my early company. How, specifically, can I get my founders shares inside a Roth before year end? Thank you!! +I received a home in a windfall. I live in it currently. It's a condo townhome worth about $1M Canadian I'd say in my current market. I live in a VHCOL area, and though the actual costs to live in the home are not much (maybe $1200 a month), I can't help but wonder if I should cash-out refinance the home to raise a few hundred thousand dollars to invest. + +I have not been investing long, have about $300k CAD invested across a couple registered and one non-registered account, and my income, though good, is not super duper high. I know I would have to invest very aggressively and consistently (about $10k a month) to meet my goals ($6M real dollars invested by age 60) with some safe, conservative assumptions (5% return, 3.1% inflation, 45% tax rate). + +Although I like the house, I don't particularly like the area I live in and I have been antsy to relocate to an even higher cost area for a while (mainly to be closer to the city, friends & family), which I understand is an emotional decision more than a frugal, investment-minded one. But I don't feel happy living where I do. + +Either way I'd be taking on a mortgage but one option gets me liquidity, the other sucks it away and severely affects my investment goals. + +I am childless, but also unmarried, so that affects my long-term outlook as well. + +Just ranting and looking for someone to beat some sense into me I suppose. My previous post has some details regarding my financial situation. + +Thanks to all those on here for the consistent information and inspiration. +In my middle class upbringing, a beach house was always one of the signs that a family had "made it". Growing up in the mid Atlantic and about three hours inland, we went to the beach for the requisite week per year and that was that. If we were lucky, the trips would overlap with other cousins and such. I look back on those trips very fondly. + +I'm at the point now where I can afford a beach house (or at least a nice beach condo) for my family, and I feel this pressure reaching back from my childhood that this is something I should have now that I've "made it". + +My question is, what do you do at a beach house? I know this is a stupid question on the surface, but I have a hard time believing that building sandcastles and jumping the waves keeps its novelty throughout an entire summer? My kids are 11 and 9. How often are you going out for ice cream? Playing putt-putt? If you're not doing those things, does it really matter if you're in a house at the beach? + +Just curious to know what value others find with their beach houses beyond the typical "sandcastles/putt putt/ice cream" stuff. +Iā€™m holding X shares. My dream is to have a Porsche, or even two, but with you dumb fucks making all that god-tier DD so sweet made me think that weā€™ll reach the millions and I havenā€™t stopped dreaming about these two Porsches I want. + +Are we actually hitting the millions in dollars per share or should I come down to earth and expect several hundreds of thousands? I want to be realistic so I donā€™t sit depressed in my 911 Turbo S. + +And since itā€™s Sunday and markets are closed, why donā€™t you share your dreams and goals with the future unrealized profits? +To make a long story short, pre COVID I was a gym member and I had a year contract with them. Well of course in march of 2020 I was about 6month into that contract. I'll also add here that the monthly payments were on auto pay. I stopped going to they gym of course and I know they shut down for a few months anyway. I just figured I'd let the contract run out and that be that. + +Well for some reason the auto payment stopped, and among the chaos that was spring and summer of 2020 I just didn't notice. It is now May 2021 and I have just been contacted by a CA about settling a debt. This is the first I am hearing about it, the gym itself never once contacted me. They had my phone number, address, and email. + +It is not about the money, I am more than happy to pay my outstanding balance, I am worried about this affecting my credit report. + +How do I proceed? What should my next steps be? I have never delt with a CA before, how do I protect myself? Thank you. + +EDIT: Just want to sat thank you for all the responses, this has really helped. I have sent then a certified letter requesting them to verify the debt and I requested all the legal documentation along with it. I also requested they offer me a "settlement" amount and to not report in to the credit bureau if they have not already done so. I also emailed them (they were emailing me 1st) the letter as well. Obv they arnt open on the weekends so well see what is said monday. + +I do believe they didnt "purchase" the debt but have been hired by the gym to collect on delinquent accounts. -thats what they alluded to on the phone but you know it's a CA so who knows-. + +Again thank you this has all been very helpful +So that's it, there's no more shorting of GME anymore right? Look over at iBorrowDesk and check the list of shorts happening. It's a barren landscape, millions of shares available. Few people are actually shorting GME, right? Which means all of the dips in the chart have been us paper-handed bitches coming to our senses and selling, right? + +Fucking wrong. + +So if you've been watching the GME subreddit lately you may have seen some people speculating about potentially shorting GME via a proxy, essentially shorting GME using an ETF. The ETF in question is XRT. + +So I took a look at XRT and holy shit has there ever been some shorting going on this week. Over 1 million shares of XRT has been shorted. So how does shorting XRT impact GME? + +[A fucking lot, apparently](https://imgur.com/a/BH7Ur54) + +When you take a look at this chart, some things kind of don't quite add up perfectly with the iBorrowdesk times.But if you apply some wiggle-room to the iBorrowDesk times and stick with the dates you'll find things match up a little too fucking perfectly. + +My best guess is that iBorrowDesk isn't actually getting real-time updates about when the shorting happens, but they are at least getting updates at the end of the day. This would really explain why it appears like 1 million shares were shorted at the end of the 10th, when it would more logically occur during the fucking tear upward in the middle of that day. Remember when GME went parabolic for a minute on the 10th? They shorted a million goddamn shares to reverse the direction! Holy fuck! + +Guys, maybe the shorts covered *some* of GME. Maybe the interest on it IS down, but what is the current short interest of XRT now?! Shorts are still trying to fuck us, and [they're doing it through XRT](https://imgur.com/PvuUMCJ) in order to hide their movements. + +Now we need smarter people than me to start analyzing the implications of this. + +*edit:* +**TL;DR:** +Hedgies are shorting XRT instead of GME to throw everyone off the scent. This week's parabolic swing up was reversed by shorting **1 Million** shares of XRT. + +Also, side-note. XRT is currently 3.3 times more expensive to borrow than GME, the fee is 5%. Why would they short XRT and not GME directly? Hmm... + +~~*edit 2:* According to https://www.etf.com/stock/AMC, XRT also holds 6.5 million shares in AMC. This could be a missing link that explains how AMC and GME price charts became linked in the last few weeks! Thanks to /u/IsleepWithOpenAyes for pointing this out!~~ removed because I cannot find the portion of the site that corroborates this statement. + +**edit 3** Lots of people are asking what this means for the play, do you buy XRT or GME etc. I have a few half answers to offer. The first is I don't know your situation, only you know your position and how best to handle it, and I'm not qualified to provide financial advice. Also, I personally will not be going long on XRT. If the squeeze squozes, I think the effect will be more impactful to positions in GME since HFs will have to liquidate their other positions they've been buying in other stocks in the EFT. I personally will continue averaging down and holding GME, and watching https://iborrowdesk.com/report/XRT for further confirmation bias about when shorts are attacking the stocks I like. +Welcome to this month's Rate My Portfolio megathread. Here, others can chime in on your portfolio with their thoughts, keeping the rest of the subreddit clean, and giving you the ~~confirmation bias~~ sanity check you need! + +Top level comments should aim to be highly detailed (2-3 paragraphs). Consider including the following: + +* Financial goals and investment time horizon. + +* Commentary on the reasoning behind your current and desired allocation. + +The more information you can provide, the better answers you'll get! + +Top level comments not including this information may be automatically removed. If your comment was erroneously removed, please [message modmail here](https://old.reddit.com/message/compose/?to=/r/CanadianInvestor). + +--- + +Please don't downvote posts you disagree with. If a comment adds to the discussion, it warrants an upvote. + + +I am planning to do the smith maneuver in a non-reg Questrade account with the goal to pay off +some of my mortgage principle and growth + +Here are my options - + +1. Keep it simple with asset based ETFs like XGRO/VGRO - Use quarterly dividends + sale for payments + +2. Asset Based etfs VGRO/XGRO + Dividend ETFs VDY/XDV + +3. Index based ETFs XSP/ZSP + +4. Individual Canadian Dividend stocks + +Would like to hear suggestions, feedback or experiences when setting up your smith account. + +PS: Has anyone tried using wealthsimple investing (not trade) as a passive smith maneuver account? +Hi all, + +**This is an update/appreciation thread.** + +For reference: [Here](https://www.reddit.com/r/fatFIRE/comments/ka19ha/fire_vs_fatfire_experiencesthoughts/) is the post I made a little over 6 months ago. + +Since that thread (in which I found very valuable perspectives shared by this community) and reading posts in this community for the past 6 months, I've firmly shifted my mindset from FIRE (previous target was $3M) to a FATFIRE plan (aiming for $10M - our actual spending is not planned to go above $250K-$300K/yr, we currently spend about $200K/yr and would maintain a similar lifestyle + slightly more donations/family gifting/travel/one-off toys). + +**Some numbers update** \- thanks to the crazy markets + company performance, my NW is rising faster than expected: + +* NW will be at just shy of $4M at end of month +* I've got about $1.5M coming at the end of 2021; so NW will be close to $5M by beginning of next year +* Next year I expect around another $1M-$2.5M (depending on company performance) + * As expected, I've already been given another round of incentive for '4 more years', but its not going to dramatically change my income (increases my comp by \~$300K-400K/yr) +* Wife is onboard with me retiring by the end of 2022/beginning of 2023 when I'm around 40 - hopefully we'll have close to $5.5M-$6M at that point, and she wants to continue to work for 5-10 more years, so we will coastfire to $10M. + +**Perspective I gained from reading posts in this community over the past 6 months** + +Just wanted to thank the community for sharing lots of great perspective in various posts (even the ones where the OP doesn't seem to be valuable, I still often found valuable comments). + +Some of my main takeaways that shifted my mindset from $3M FIRE to $10M FATFIRE but not beyond, are that: + +1) aiming for $3M (or even $5M) is too low if I want to live in a HCOL/VHCOL place, and therefore too limiting overall in terms of places I could afford to live (since just a normal 3 bdrm apartment/townhouse will be $1.5M+). + +2) the lifestyle changes at $20M or $30M NW isn't significant enough for me to work another 10-15 years - at that point any extra wealth I gain I'd basically eventually donate to charity anyways since I don't plan on passing along generational wealth (education, downpay for a house, or even the whole house is a maybe/yes for the kids, but not planning for much more than that). + +I'll post another update on my journey if anything interesting comes up, or when I actually RE in 18-24 months, Cheers! +Hi everyone, + +I'm wondering what I can do here. I live in a small suburban city that has separate taxes from the county. The city is owed approximately $630. The county is owed approximately $5,600. This has all been paid. But, the mortgage company also sent a $5,600 check to the city. The city says that it sent the check back about 4 weeks ago because it was an overpayment. The bank says they never got the returned check. + +In the meantime, my mortgage is going up $415 a month to cover the difference. It's not the end of the world, but I'm of the belief that since they are the ones who made the mistake, they should have to cover the escrow account deficit. What can I do here, if anything? Getting tired of the back and forth. + +Thank you. +House appraised for $350k last week and it's paid off. House is two family that pays ~$15k/yr rent, which I haven't raised in 5yrs. Taxes/Insurance/Water for the house is ~$6k. + +Health insurance seems to be the big obvious problem. +*Reposting without any links since that seems to get caught in the spam bot filter* + +The recent energy crisis and conflict in Ukraine has a lot of us worried about living costs especially energy consumption at home, which is often one of the highest regular expenses for many. Rates are shooting up and in my opinion will never return to what they previously were unless there are some drastic changes in the UK government's energy policy. + +There have been many questions on /r/ukpersonalfinance and other UK subreddits about whether it is worth getting an air source heat pump (ASHP) or solar PV as a means of reducing energy bills. We moved into our new home last summer which has both an ASHP and a solar PV array, so whilst I can't share costs for retrofitting onto an existing property and return-on-investment times, I can hopefully provide data on how these systems perform in a suitably insulated property. It's going to be a long post with lots of numbers, but I'll summarise as best as I can at the end. + +Those that aren't familiar with ASHP should check out the Youtube channel **Technology Connections**. He did a number of detailed videos about ASHP within a US context but it is the same technology and applications in the UK. + +Key facts about our home (most taken from the EPC): + +- 4 bedroom detached with a basement - 176 sq metres + +- Air source heat pump (ASHP) - NIBE F2040-8 + +- Underfloor heating (UFH) - Heatmiser central controller, room thermostats and manifold / valves. Rooms are invidually zoned so I can control heating in each room independently. + +- Hot taps are fed by a large hot water cylinder heated by the ASHP system + +- Solar PV 3.2kWh max - 10 x 320Wh panels on South facing roof in Derbyshire + +- Mechanical Heat Recovery ventilation + ducting and vents to all rooms - Franksiche profi-air 250 + +- EPC A (92 score) + +- Wall - Average thermal transmittance 0.17 W/mĀ²K + +- Roof - Average thermal transmittance 0.14 W/mĀ²K + +- Floor - Average thermal transmittance 0.21 W/mĀ²K + +- Air tightness - Air permeability 1.8 mĀ³/h.mĀ² (as tested) + +- Triple glazing on all windows + +&nbsp; + +I've unfortunately only got data for the last 6 or so months since that's when I got all the monitoring set up for the smart meter and the solar PV, but it covers the coldest months so is indicative of the max usage. This was our first winter in this house and I was still getting familiar with the optimal settings for the ASHP and heating schedules so we probably used more energy early on in the winter than we would do in the future. I have a Google Sheet set up to read from the Octopus API and my solar API which gives me some nice charts and summary metrics which helped me immensely in fine tuning our energy usage patterns to minimise cost. I'm still developing it and aim to publish a template and guide in the future. We do not have an EV so electricity consumption is primarily heating rooms, the water tank and cooking appliances like the induction hob. + +Month | average daily temp | kWh consumed | total solar kWh | average daily consumed | average daily solar | +:--------------:|:--------------:|:--------------:|:--------------:|:--------------:|:--------------: +Aug 2021 | 16.1 C | 229 kWh | no data | 7.2 kWh | no data +Sept 2021 | 15.9 C| 278 kWh | 283 kWh (from 5th Sept) | 9.2 kWh | 10.9 kWh +Oct 2021 | 12.1 C | 386 kWh | 203 kWh | 12.5 kWh | 6.6 kWh +Nov 2021 | 7.8 C | 530 kWh | 118 kWh | 17.7 kWh | 4 kWh +Dec 2021 | 6.4 C |702 kWh | 50 kWh | 22.6 kWh | 1.6 kWh +Jan 2022 | 4.6 C | 698 kWh | 151 kWh | 22.9 kWh | 4.9 kWh +Feb 2022 | 5.6 C | 472 kWh | 169 kWh | 16.9 kWh | 6.1 kWh +Mar 2022 (to date) | summary not published yet | 353 kWh | 334 kWh | 12.6 kWh | 11.7 kWh + +&nbsp; + +Couple of additional notes: we are on Octopus Go smart tariff which charges 5p per kWh between 00:30 and 04:30 and 15.33p per kWh at all other times (25p daily standing charge). It is an electricity only tariff and you need a smart meter set to report readings every 30 minutes. After months of tweaking the heating settings and schedules (to my wife's annoyance), we've settled on a schedule that heats up the downstair areas to 20C during the day and the upstairs areas in the early evening and early morning. The hot water cylinder heats up between 00:30-04:00 to make the most of the cheaper rate and 11:00-14:00 to make use of any output from my solar array. I don't regularly WFH, but the house is pretty much always occupied so we don't really turn off the heating unless we're all on holiday. + +Our bills are generated on the 18th of every month. Our highest bill this winter was Ā£100.84 for Dec to Jan, 2nd highest was Nov to Dec at Ā£92.52. Jan to Feb was lower at Ā£79.97 mostly because we were away on holiday for 5 days so everything was set to standby state, otherwise it woud probably have been roughly on par with the previous billing period. + +&nbsp; + +**Is ASHP worth it?** + +I'm going to give the cop-out answer and say it depends. ASHP as a technology is perfectly suited to our climate (not super cold winters) and even mid-range ASHPs can maintain relatviely high efficiencies or coefficient of performance (the ratio between the power kW that is drawn out of the heat pump as cooling or heat, and the power kW that is supplied to the compressor). My particular model has a COP of 2.68 @-7C, 3.76 @2C and 4.65@7C which are temperature ranges well within the winter temps we experience in the UK. + +What makes ASHP less viable in the UK is the cost of electricity and the state of insulation in many UK properties. If your home leaks heat like a sieve, then no matter what heating technology you put in, you're going to be consuming more energy to maintain the internal temperature. **Invest in your home's insulation first** Our energy consumption / bills would not be so low if we didn't have very good insulation throughout the house, that includes doors and windows. If you want the best ROI, it's in improving insulation first. + +As for the high cost of electricity, rates in the UK are expensive and one of the highest in Europe so relying on electricity to heat your home will be more expensive per kWh compared to natural gas for the foreseeable future assuming no changes in the UK's energy policy. The great thing about electricity is that it can be generated by multiple energy sources which include renewables and can include your own solar PV array (more on that later). The optimist in me hopes that recent events encourages greater investment in renewable energies so our energy prices are less reliant on global commodity prices and hopefully help reduce domestive supply rates. In 2019, 40.7% of electricity generation in the UK was from gas. + +If your goal is to reduce your household energy consumption then, ASHP is worth it **IF** you also implement the other necessary improvements to make it as cost effective as possible to run i.e. improved insulation, air tightness etc. At our current rate of consumption we would probably use between 8000-9000 kWh a year which is almost half what Ofgen suggests the average UK household uses in gas and electricty per year (12000 kWh gas + 2900 kWh electricity). + +&nbsp; + +**Do I need underfloor heating with an ASHP?** + +ASHP are designed to heat the water in a wet central heating system to lower temps as a means of improving efficiency / COP. Underfloor heating is the ideal solution for delivering this lower heated water around a home **BUT** that does not mean you can't have the ASHP deliver higher temp water to standard radiators. My particular model of ASHP runs most efficiently delivering 35C but can also be configured to deliver upto 45C to feed radiators with only a small reduction in COP. Gas boilers typically deliver 60-65C water so an ASHP will obviously take longer to achieve desired temperatures which is why it is so important to make sure you have excellent insulation in place first. Less heat loss means less time to reheat. You may benefit from larger radiators to deliver more BTUs so you can minimise conversion costs, but **first make sure you have sufficient insulation**. + +&nbsp; + +**Is Solar PV worth it?** + +On its own, I don't think so. I'm sure it made a difference in reducing our overall energy consumption, but we all know that sunny days in the UK are few and far between and more importantly much less frequent in the winter months when a household like mine uses significantly more electricity for space heating. My data table shows how much daily solar production can drop in these months and maybe produce just enough to cover 20% of the demand. The other problem with solar PV by itself is that you obviously only get energy production during daylight hours which again in the winter are significantly shorter. Most of my household's usage occurs in the early morning and early evening, so we don't get the benefit of solar power when demand is highest. + +Is solar PV worth it with a battery? In my opinion, yes and in this case I can provide some numbers for ROI on a battery installation since we do not currently have a battery, but have one on order (8.2kWh from GivEnergy). The calculations are pretty simple: + +- The battery, inverter and installation cost Ā£5000 and comes with a 10 year warranty. + +- I'm going to ignore solar production for the purpose of this calculation to keep it simple. + +- My current Octopus Go rate will expire in August 2022, so I've calculated return based on the current Go rate which is 7.5p off and 34.43p on (!!!) + +- I would have the battery charge during the off period which would cost Ā£0.61 for 8.2kWh. + +- That 8.2kWh is now available to be used during the on-peak hours when the rate is 34.43p per kWh, which equates to 34.34p x 8.2kWh = Ā£2.54 + +- The difference between the two prices **Ā£1.93** is how much I save per day if I use at least 8.2kWh during on-peak time, which we do on average from Sept to Mar (7 months). + +- Approximate winter savings per year is 1.93 x 210 = Ā£405 per year + +- I do not have any summer data for our consumption so as a rough estimate I've assumed that we would normally use 4kWh per day on-peak = Ā£1.24 which would cost Ā£0.3 to charge off-peak. + +- The summer savings are therefore the difference = **Ā£0.94** for Apr to Aug (5 months) + +- Approximate summer savings per year is 0.94 x 155 = Ā£145 per year + +- Total annual savings = Ā£550 + +- ROI on battery = Ā£5000 / Ā£550 = **9 years** + +*If I include my solar PV as a variable, then the savings in the summer and part of the winter could be greater since there may not be a need to charge the battery from the grid at all* + +*I'm also betting on the fact that the electricity rates will continue to rise for some years so the savings will increase year on year* + +&nbsp; + +**Summary** + +This took a while to type up and format correctly so I hope it was helpful to some people. Unfortunately there is no "magic-bullet" solution. Our old home was old, had poor insulation and would have cost 10's of thousands to get to a modestly energy efficient state. We sacrificed internal and external space when we sold it in 2019 and bought this new house because we were so worried about our energy bills which were already ridiculous at the time (Ā£200 a month in the winter for gas and electricity). It made more sense to sell the house for a more efficient smaller house than it was to deal with cost and disruption to significantly modernise it. Whether ASHP / solar PV / battery makes sense for you depends on your property, your energy usage and ultimately what you can afford. If I had to give a summary it would be: + +1. Get a smart meter (SMET2) - this will give you access to smart tariffs that I predict will be the more cost effective option for many people. It has also been amazing to be able to see our energy usage in 30 minute increments which really helped me understand how and when we use energy. I would not have been able to optimise our usage (and be tweaking it further once we get the battery) if I didn't have that granularity of data. + +2. Review your energy usage regulary - are you consuming more than you would expect? Are there periods in the day when no-one is home and you're still consuming a significant amount of energy? + +3. Understand your home's heating systems - learn how to control them, set timers, put them into standby mode etc. Google the controller model and 90% of the time you'll find a digital copy of the manual. Read it. Consider smart heating controls if your current ones are too basic. Simply being able to have setpoint temps and schedules will help you reduce unnecessary space heating. + +4. Assess how good your insulation is (including doors and windows) and what options you have for improving it - the biggest ROI will be preventing heat from escaping your home. + +5. ASHP - great technology, perfect for the UK's climate. Should be mandatory for all new-builds (as well as very high spec insulation and MHRV). Can be retrofitted, but deal with the basics first i.e. insulation and ventilation. + +6. Solar PV - (my opinion) best paired with a battery for high electricity use households i.e. homes with electric heating or EV owners. Get the smart meter and analyse your electricity usages before investing. +Polygon allows you to do so many things all while being ridiculously cheap and fast. + +Want to mint, sell or transfer nfts? Sure you can do it for free... + +Want to use a DEX? Sushiswap is Right there... + +Want to send coins on the polygon blockchain? Fees are like a cent... + +Want to convert back to the ETH Blockchain? Just use Bridge, easy asf... + +Having all the underlying fuctionalitys of ETH combined with the low fees of matic is just awesome. Bullish beyond believe. I think if you are interessted in a crypto project actually using it is by far the best way to learn about it and decide if it is actually a good investment or not. + +Thanks for reading. Cheers. +Assuming I take home \~$3600 a month and my work is in the city, how much of my income should I be spending on renting a relatively modern one bedroom flat? +In the last day or so there was talk on post fire operations, reports etc. +The bill is going to be enormous. + +I can see the following things happen: a large amount of properties will no longer be insurable, some small towns unlivable, increased taxes and levies to support fire security. Very little preemptive policies. Food to increase a lot. +Water to become more expensive but sadly more corporatised and restricted for use. + +I would like to see more preemptive communication and coordination, localised support, control of growth, some climate policy etc, but sadly cannot see this happening. + +Noone has a crystal ball and predictions are a mugs game, but what do you think will come out of these fires? +How is everyone feeling about the rising cost of living? + +For me, I'm concerned. We picked a bad time to refinance and renovate. We are still proceeding with the renovations, but have adjusted our plans for some things to cut costs. We are also on a variable loan. I would have fixed months ago if it wasn't for our Reno's (it took 6 months to get the refinancing argh). I honestly don't know if we will fix our mortgage as it will be October at the earliest we would look at it and I fear the fixed rates won't be worth it. + +Then there's fuel. That's...ouch. compounded by road closures and detours in my area due to major works occurring that doubles my travel to work and uses more fuel. + +Then...there's food. The prices are increasing across the supermarkets and packaging sizes are decreasing. I work for one of the big 2 and I literally see it everyday. + +Bills across the board are increasing. + +I am very worried about what the next 2 years will look like. + +What are you thoughts, concerns and fears for what's to come? Does anyone have any positive incite to add? +Reaching over 1100 holders and 650+ Telegram members in 5 days, this is beginning to grab the attention of social media and YouTube (thanks Torin Hofmann for including my last post in your "How to buy Octa" video). + +This subreddit has been pretty much overrun by P&D's, yet this is a legitimate project staring you right in the face. + +Why do I think it has 100x potential? Look at the effort put into their website, read their whitepaper. Click the links on the homepage to see the LP is locked for 5 years. Having a monopoly in this space (looking at you, Safemoon) is not beneficial to the auto-staking world, and I have pretty much gone all in on the project that I believe could be it's #1 competitor in time. At a price of 0.000000002USD per token, it is 225x CHEAPER than Safemoon, with 170x less holders, at HALF THE SUPPLY. The devs have been restlessly at work to build the foundation for this thing and if it takes off (as growth is demonstrating), every Gallardo-driving-Safemooner will be crying when you take them to Gap City in your Centenario. + +Even in the early selloffs. Devs have been nothing but honest about their goals with the project. Providing updates, whether they aid or hinder the price. Strange tactic if you were trying to pull the rug... I have strongly advocated for this project because I truly believe in it. I'm just getting the word out. + +480T supply remaining. 4/4 (8%) tax with burns on every transaction. + +This isn't "Wen Lambo?" This is "Now or Never Lambo." I'll see you on the moon, or I'll wave to you from it. + +DYOR, not financial advice. I have no affiliation with the team. + +Website: Octanscrypto.com + +Telegram: t.me/OCTA_OCTANS (By far the most active of the socials) + +Reddit: r/OCTANS_OCTA + +Discord in the works. + +Edit: 4h later. Over 1050 people now in the Telegram. What on Earth just happened šŸ˜‚ +Back before this sub was ruined by the influx of 7 million people who think they are making wallstreetbets with the allowance their wife's boyfriend gives them, some real DD used to be done. Now all I see if people asking who is still holding stocks that have been squozed and are running your leveraged accounts into the ground. + +Today I bring you an opportunity to make money once again. The $RBLX infinite money glitch. For those unaware Roblox is set to IPO soon. What does this mean? Unlimited money for your dick implants so you can finally satisfy your wife like her boyfriend does. + +Step 1) Open position on Roblox after IPO + +Step 2) Stock goes up, make money, and use money to purchase in-game currency in Roblox + +Step 3) Absolutely steez out your Roblox avatar, while simultaneously increasing revenue for Roblox + +Step 4) Roblox beats earnings estimates with increased guidance from new revenue and repeat steps 2-4 forever + +&#x200B; + +EDIT: It is a direct listing, not an IPO, however that has no impact on the glitch. Direct listing just removes underwriting from the process. + +&#x200B; + +For those too retarded to read + +https://preview.redd.it/wxg2covnqwg61.png?width=969&format=png&auto=webp&s=52791124c8772a89454ca0fdc4db153d63fb37db + + +[EXPERIMENT ā€“ Tracking 2018 Top Ten Cryptocurrencies ā€“ Month Forty-Two ā€“ Down -1&#37;](https://preview.redd.it/ricn125nu6a71.png?width=666&format=png&auto=webp&s=13ff7289ad7ac0f6ed22675007ece657f0f5dec6) + +***Find the full blog post with all the tables is*** [***here***](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-42)***.*** + +Welcome to your monthly no-shill data dump: the Top Ten Cryptocurrency Index Fund Experiment Updates, a bit delayed, but here at last. + +So y'all have heard about the 20% bonus for doing nothing with Moons, right? What fun is that, here, take some Moons! ***62 Moons to the first person to name the artist and title of the song hidden in this post. That's worth about $5 (62\*.08) at the moment, my way of encouraging the winner to support*** [r/CryptoCurrency](https://www.reddit.com/r/CryptoCurrency/) ***with a*** ***special membership!*** + +**tl;dr** + +* **What's this all about?** I purchased $100 of each of Top 10 Cryptos in Jan. 2018, haven't sold or traded, reporting monthly for 3.5 often very painful years. Did the same in 2019, 2020, and 2021. ***Learn more about the history and rules of the Experiments*** [***here***](https://toptencryptoindexfund.com/about/)***.*** +* **June** \- Blood red, no cryptos in the green, **BTC** lost the least. +* **Overall since Jan. 2018** \- only 3/10 of the 2018 Top Ten are in positive territory: **BTC, ETH, and ADA. ETH** leads the pack. +* **2018+2019+2020+2021 Combined Top Ten Portfolios are returning 248%.** + +## Month Forty-Two ā€“ Down -1% + +[ The 2018 Top Ten Portfolio - A very red month](https://preview.redd.it/gm104zr0w6a71.jpg?width=1077&format=pjpg&auto=webp&s=5481f199d3aaaf84ac613191ce85bf09bd96f17d) + +Well, it was an impressive streak while it lasted:Ā  after narrowly avoiding itĀ [last month](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-41), the 2018 Top Ten got hit with its first all-red month sinceĀ [September 2020](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-33/).Ā Ā Ā  + +After four straight months in the green, the 20218 Top Ten Portfolio is basically back to break even point, down -1%. + +SinceĀ [January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/),Ā **Ethereum**Ā is still the best performing crypto overall andĀ **BTC**Ā andĀ **ADA**Ā are still in positive territory. **XLM**, after clawing its way back to break even point, slipped back into the red in June. + +## June Movement Report, Ranking, and Dropouts + +Mostly downward movement this month: + +Downs: + +* **Dash**Ā ā€“ down 11 places and now out of the TopĀ *Sixty*Ā (#51ā€“>#62) +* **NEM**Ā ā€“ down 7 places also out of the TopĀ *Sixty*Ā (#58ā€“>#65) +* **IOTA**Ā ā€“ down 7 places (#37ā€“>#44) +* **XLM**Ā ā€“ down 5 places (#16ā€“>#21)Ā  +* **ADA**Ā ā€“ down one place (#4ā€“>#5) + +Up: + +* **Bitcoin Cash**Ā ā€“ up one place (#13ā€“>#12) + +[2018 Top Ten Rank 3.5 years later](https://preview.redd.it/pn6poat4w6a71.jpg?width=409&format=pjpg&auto=webp&s=dfb11906649cbd37dc0042ff6bc9a21fffb29616) + +**Top Ten dropouts since January 2018:**Ā After forty-two months of the 2018 Top Ten Experiment, only 40% of the cryptos thatĀ [started in the Top Ten](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/)Ā have remained.Ā Ā **NEM, Dash, Stellar, Bitcoin Cash, IOTA**, andĀ **Litecoin**Ā have been replaced byĀ **Binance Coin, Tether**,Ā **DOT, UNI**,Ā **Doge**, and most recently,Ā **USDC.**Ā Ā  + +## June Winners and Losers + +***June Winner***Ā ā€“Ā  No crypto ended June in the green, butĀ **Bitcoin**Ā gets the W for dropping the least (-9%). + +***June Losers***Ā ā€“Ā Ā **Stellar**Ā lost -37% of its value in June, snapping a three month losing streak for the often last placeĀ **NEM**.Ā Ā **XRP**Ā had a tough month as well, dropping -35%.Ā  + +## Tally of Monthly Winners and Losers + +After forty-two months, hereā€™s a tally of the monthly winners and losers over the life of the 2018 Top Ten Experiment.Ā  + +[2018 Top Ten Ws and Ls](https://preview.redd.it/prt3xtm7w6a71.jpg?width=409&format=pjpg&auto=webp&s=e5a3117c214fe2263897ea58ca80ce412591f8b0) + +With 11,Ā **Bitcoin**Ā has the most monthly wins by quite a bit. In the loss column,Ā **NEM**Ā has finished in last place 11 of 42 months, or 26% of the time. + +**Bitcoin**Ā is still the only cryptocurrency that hasnā€™t yet lost a month since January 2018 (although it has come very close a couple of times). + +## Overall Update ā€“Ā  Portfolio back to break even point, only 30% of cryptos in the green, ETH maintains healthy lead + +So, the thrill isĀ [gone](https://www.youtube.com/watch?v=oica5jG7FpU): weā€™re right back where we started inĀ [January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/), minus about 11 bucks for our troubles. That four month streak of the 2018 Top Ten Portfolio being in the green?Ā  History.Ā Ā  + +This is very familiar territory for the 2018 Top Ten Portfolio.Ā  Over the three and a half years of the Index Fund Experiment, thirty-eight months have been in the red, with only four months of green.Ā  And all of the green months came packed together in the first half of 2021. + +30% of the 2018 Top Ten are in positive territory:Ā **BTC,** **ETH,**Ā andĀ **ADA**.Ā Ā **ETH**Ā (+192%) is ahead ofĀ **Bitcoin**Ā (+154%) by a good margin and is the best performing crypto of the 2018 Top Ten Portfolio. Ā Ā **ADA**Ā is in third place, up a healthy +100% so far. + +The initial $100 invested inĀ **ETH**Ā forty-two months ago is worth $293 today. + +Still at the bottom isĀ **Dash,**Ā down -86% sinceĀ [the Experiment began.](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/) Ā The initial $100 invested forty-two months ago is worth $13 today.Ā Ā  + +## Total Market Cap for the entire cryptocurrency sector: + +[Monthly total market cap since Jan 2018](https://preview.redd.it/1q3fujvaw6a71.jpg?width=793&format=pjpg&auto=webp&s=dc85fe90a3a352203003022e21b808b9030c38a8) + +After surpassing $2.2T justĀ [two months ago](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-40), the total crypto market cap has lost nearly $1T, down to $1.38T, the same level it was inĀ [February](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-38).Ā Ā  + +As a sector, itā€™s not nearly as bleak:Ā  overall crypto is up +139% sinceĀ [January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/).Ā  If you were able to capture the entire crypto market since New Yearā€™s Day 2018, youā€™d be doing much, much better than both the Experimentā€™s Top Ten approach (+-1%) and over double the return of the S&P (+62%) over the same period of time. + +## Bitcoin dominance: + +[Le BitDom](https://preview.redd.it/odom45edw6a71.jpg?width=681&format=pjpg&auto=webp&s=29210a7e4ba8a705144b4ad72b8668a03e012315) + +After five straight months of downward movement,Ā **BitDom**Ā reversed course this month.Ā  Is this a sign that the crypto market has more or less bottomed out?Ā  Hard to tell, although itā€™s clear that investors are diverting funds away from riskier altcoins back into the big daddyĀ **BTC.** + +For context, we still have a bit to go before setting a recordĀ **BitDom**Ā low: the last altcoin cycle sawĀ **BTC**Ā dominance go down to a low of 33% back in the first month of theĀ [2018 Experiment](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/). + +## Overall return on $1,000 investment since January 1st, 2018:Ā  + +[ 2018 Top Ten ROI - back to break even](https://preview.redd.it/zpr0qn6fw6a71.jpg?width=355&format=pjpg&auto=webp&s=3b54fc1e1773e53854b6320127d579cab2dd8ae0) + +The 2018 Top Ten Portfolio lost about -$275 in June.Ā  Not quite asĀ [bad](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-41)Ā as last monthā€™s -$292 drop, but close.Ā  The 2018 Index Fund is basically back to break even point, down about -$11.Ā Ā  + +If I decided to cash out the 2018 Top Ten Experiment today,Ā **the $1000 initial investment would return $989**, down -1% from[Ā January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/). + +Hereā€™s a look at the ROI over the life of the experiment, month by month: + +[2018 Top Ten ROI, month by month](https://preview.redd.it/c45tl6ziw6a71.jpg?width=904&format=pjpg&auto=webp&s=f7e671d3ca82a38e9b8f2424a981683b3df16821) + +Being down -1% after 3.5 years is definitely disappointing, but for context it is nowhere near the absolute bottom: in January 2019 the 2018 Top Ten Portfolio was downĀ [\-88%](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-thirteen/)Ā followed closely by the -87% Zombie Apocalypse month ([March 2020](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-27/)) just over a year ago.Ā  + +For those just entering crypto, this is a gut check: can you stomach being down -1%?Ā  What about down -88% on your investment after one year and -87% after two years?Ā  When crypto veterans stress that you shouldnā€™t be investing what you canā€™t afford to lose, they mean it.Ā  + +## Combining the 2018, 2019, 2020, and 2021 Top Ten Crypto Portfolios + +Alright, thatā€™s that for the 2018 Top Ten Crypto Index Fund Experiment recap. + +But I didnā€™t stop the party in 2018:Ā  I invested another $1000 in theĀ ***2019***,Ā ***2020,***Ā and ***2021***Ā Top Ten Cryptos as well.Ā  How are the other Crypto Index Fund Experiments doing?Ā Ā  + +* [2018 Top Ten Experiment](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-42): down -1% (total value $989) +* 2019 Top Ten Experiment: up +341% (total value $4,414) +* 2020 Top Ten Experiment: up +469% (total value $5,688) +* 2021 Top Ten Experiment: up +184% (total value $2,840) + +So overall? Taking the four portfolios together, hereā€™s the bottom bottom bottomĀ *bottom*Ā line:Ā  + +**After a $4,000 investment in the 2018, 2019, 2020, and 2021 Top Ten Cryptocurrencies,**Ā the combined portfolios are worthĀ **$13,931**Ā ($989 + $4,414 + $5,688 + $2,840). + +**Thatā€™s up +248%**Ā on the combined portfolio.Ā  Another massive drop from last month, but with a bit of perspective we can see that the combined portfolios are back to where they were a few months ago inĀ [February](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-38).Ā  + +[ Combined ROI of all four Top Ten Crypto Portfolios - back to February levels ](https://preview.redd.it/y5vho1dxw6a71.jpg?width=380&format=pjpg&auto=webp&s=f1a86a8c671c47c2cba975e44701d8a4481322de) + +***Thatā€™s a +248% gain by investing $1k on whichever cryptos happened to be in the Top Ten on January 1st for four straight years***.Ā  + +## Comparison to S&P 500: + +Iā€™m also tracking the S&P 500 as part of the Experiment to have a comparison point with other popular investments options.Ā  Another solid month for the S&P in June and yet another all time high. + +[ Another month, another ATH for the S&P ](https://preview.redd.it/v4zw0b01x6a71.jpg?width=568&format=pjpg&auto=webp&s=cddc9ca4edf0a9391879cfd2e1779d3c22b6b6ea) + +The S&P 500 is up +62% since January 2018, so the initial $1k investment into crypto onĀ [January 1st, 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/)Ā would be worth $1620 had it been redirected to the S&P.Ā Ā  + +Compared to the -1% return of the 2018 Experiment, the S&P is well ahead of the Top Ten Crypto Portfolio.Ā  + +But itā€™s not a very fair fight when I combine the four portfolios: taking the same invest-$1,000-on-January-1st-of-each-year approach with the S&P 500 that Iā€™ve been documenting through the Top Ten Crypto Experiments yields the following: + +* $1000 investment in S&P 500 on January 1st, 2018 = $1620 today +* $1000 investment in S&P 500 on January 1st, 2019 = $1720 today +* $1000 investment in S&P 500 on January 1st, 2020 = $1340 today +* $1000 investment in S&P 500 on January 1st, 2021 = $1150 today + +Taken together, hereā€™s the bottom bottom bottomĀ *bottom*Ā line for a similar approach with the S&P:Ā  + +**After four $1,000 investments into an S&P 500 index fund in January 2018, 2019, 2020, and 2021, my portfolio would be worth $5,830**Ā ($1,620 + $1,720 + $1,340 + $1,150) + +That is upĀ **+46%**Ā [since January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/)Ā compared to aĀ **+248%**Ā gain of the combined Top Ten Crypto Experiment Portfolios, a difference of over 200 percentage pointsĀ ***in favor of crypto.*** + +Hereā€™s a table summarizing the four year ROI comparison between a Top Ten Crypto approach and the S&P as per the rules of the Top Ten Experiments.Ā Ā  + +[Crypto still in the driver's seat](https://preview.redd.it/61nzx1s3x6a71.jpg?width=501&format=pjpg&auto=webp&s=54e66accb8fa2766d5c91151dd0efaa2d63a3cd5) + +Despite the less than stellar performance of crypto over the last couple of months, it is still far, far ahead of the S&P over the same time period. + +## Conclusion: + +Two straight down months for crypto, something we havenā€™t seen lately.Ā  The crypto crystal ball gazers seem divided on whether we have already hit the top of the bull cycle or only hitting some kind of mid bull cycle bumps.Ā  Technical analysis in crypto is like reading tea leaves or entrails to divine the future: the guesses of the experts are as good as yours or mine.Ā Ā  + +To the long-time Experiment followers: thanks so much for reading and for supporting the project over the years.Ā Ā  + +For those just getting into crypto, welcome! I hope these reports can somehow help you see what you may be in for as you begin your crypto adventures.Ā  Buckle up, think long term, donā€™t invest what you canā€™t afford to lose, and enjoy the ride! + +Feel free to reach out with any questions and stay tuned for monthly progress reports. Keep an eye out for my parallel projects where I repeat the experiment, purchasing another $1000 ($100 each) of new sets of Top Ten cryptos as of January 1st, 2019, January 1st, 2020, and most recently, January 1st, 2021. +So I was suppose to have a job with a top 4 bank but the person who hired me got fired. With that it seems like my chances of getting the job I wanted with it. I'm sitting to take the cfa in December but also thinking about getting a MBA. My undergrad school is not a top tier school and I know I can get easy. One of the MBA rankers says they a are a top 15 on online MBA. Or should I only bother with an MBA from a top school similar to how law school is that a not top tier school is pointless? +First, you really should [read this ](https://www.reddit.com/r/stocks/comments/l90an8/an_explanation_of_what_caused_the_trading_halt/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) + +No, really, go read it. + +But if you donā€™t have time, hereā€™s the important bit: +The DTCC is practically the insurance of the entire stock market. They set a fee for every trade as collateral (for buyers) and return it when the funds clear. Trade funds take 2 days to clear. + +All trades go through clearing houses. They facilitate trades from brokers (*like your favorite trading app*) + +Letā€™s say the upfront fee is 1% for a certain stock. When a $1mil buy order through clearing house A happens, clearing-house A immediately gives $10,000 to DTCC, and starts a wire of $1million to fund clearing-house B (sellers) Once the wire of $1mil from A-B clears, DTCC gives the $10,000 back to clearing house A. + +If it doesnā€™t clear because Clearing house A doesnā€™t have enough funds, the DTCC is stuck footing the bill to the sellers at Clearing house B. + +If the DTCC runs out of cash and goes down, the market goes down with it + +Now, due to the extreme volatility of meme stocks and their potential to skyrocket through the moon and beyond, the DTCC set the collateral fee to 100%, as if the price goes too high *even* the DTCC may not be able to foot the bill. This collateral-hike meant brokers such as ā€œthe trading app that shall not be namedā€ had to send the DTCC an unprecedented **100%** of the value of buy orders **AND** begin a money wire of the buy order to the sellers of the stock. So, in total, thatā€™s a *cool* **200%** of every $GME buy transaction made. And so, put simply, some clearing houses did not have the sufficient funds to fulfill buy orders of $GME + +**But** **what** **if** **this** **happens** **to** **the** **brokers** **of** **Melvin** **and** **other** **short** **sellers?** + +When the price of $GME goes high enough, the short-sellersā€™ broker *may* (idk I just learned how to read, *this is not financial advice*) not be able to cover the **100%** collateral per trade. This **could** see a rather slow squeeze as shorts can only cover a small amount per day. + +This may cause the price go up incrementally day after day, but only if we **hold** + +What do we do then? **WE HOLD** šŸ’Žāœ‹šŸ’Žāœ‹ + +We **HOLD UNTIL THEY DO THEIR COVERING** + +$10,000 is **not a meme** + +Iā€™m not a financial professional. Please correct me if Iā€™ve gotten anything wrong. + +Obligatory šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸ’Žāœ‹šŸš€ + +Edit: Why is the DTCC fee even a thing? Some other people asked this question too, so they created blo-*redacted due to rules* Repost due to mentioning *redacted* +I am thinking to try swings in addition to my day trading. I was wondering what are the major differences and tips you can give? I know daytrading has some specific characteristics, like the jerky open when price can turn in a split second, the lunch time doldrum and pick up activity after it. What are the gotchas for swing trading? +[Link](https://www.reddit.com/r/Superstonk/comments/nfj0y9/the_wall_street_conspiracy_is_no_longer_available/) to previous post, kenny taking down videos left and right. + +The altcensored and vimeo links no longer work. Confirmation bias confirmed. The documentary talks about and shows some of the tactics of these blood sucking parasites use to short a company and collect the shareholders money for pennies on the dollar. + +The speed at which this video is getting taken down shows how desperate they are. I imagine Kenny G anxiously downing mayo as we speak. The more eyes on this the better. Fucked with the wrong retards + +Can anyone else re-upload or find another link? Would be much appreciated. + +Edit: [Found it](https://archive.org/details/wall-street-conspiracy). Thanks again + +Adding another [link](https://open.lbry.com/@SamiTestarossa:2/The_Wall_Street_Conspiracy_Full_Movie_Free_Online_With_Permission_of_Owner_-_Producer-nLZp0ShwCiw:a) + +and an extra Enron [documentary](https://vimeo.com/424073216) + +Edit: if Kristina Leigh Copeland is copyrighting it for monetary reasons, shes well within her rights and I would gladly pay. Unfortunately, there are no paid versions either. + +This is the way +Given the bullish news that Microsoft will [acquire Activision - Jan 18 2022](https://news.microsoft.com/2022/01/18/microsoft-to-acquire-activision-blizzard-to-bring-the-joy-and-community-of-gaming-to-everyone-across-every-device), I'd thought I'd refresh my memory on the [GameStop/Microsoft partnership - Oct 8 2020](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-multi-year-strategic-partnership-microsoft) + +The post's title come from [this article - Oct 15 2020](https://arstechnica.com/gaming/2020/10/microsoft-will-give-gamestop-a-share-of-xboxs-digital-revenues/) + +My favourite quote in the article: + +- 'Chukumba expressed a different understanding, though, saying he was told the deal only applied to games and game-related content. "They've been so fucking vague about the whole thing..." he added in exasperation.' + +**Buy. Hodl. Drs. Be kind** + +*edits: formatting +Just wondering why you are choosing to do dividend investing and not indexing. Indexing seems to be a lot more popular with investors, at least currently. +I'm thinking of things like cleaning services, gardeners, etc. to the more extreme end like Hello Alfred, using TaskRabbit for all the things, and so on. + +Are there any subreddits dedicated to solving this sort of problem? +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 youā€™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? Itā€™s not about the thing, itā€™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, itā€™s time to focus on what youā€™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? +A part of my strategy is to allocate a small percent of my portfolio on some stocks that could have great return because of the current corona crisis situation. I've made a collaborative spreadsheet with stocks that will potentially make great returns + +Feel free to reorganize, add your stock , comments. it's in free edit mode, so **everyone can contribute**. + +[Link to the spreadsheet](https://docs.google.com/spreadsheets/d/1bBsJnUIWg8BbET-h3oKN8qY45JScNeoRr4BHJIp7Jpo/edit#gid=893631194) +About 250 flights are expected to be canceled this morning as the carrier works to reset its operation and get crews, aircraft and other elements in place. "This will obviously mean a financial burden on Delta ," said Mark Martin, founder of Martin Consulting. 250 flights Tuesday morning +Holdings are solid and heavy in tech stocks. Mer is low. I think it's good for long term gain. It holds most of the NASDAQ listed companies with a few extras like Visa and Mastercard. + +However, it is a young ETF with a lower volume than ZQQ or XQQ, but isn't hedged. + +Considering the upside however, I think this is a good long term hold. + +Thoughts? +From what I understand buying/selling options is buying the right to purchase stock at a specific price. So if you bought a call for FB for150 when it's 169 now you're up 13%. + +Why is it then that people buy these things when they have the potential to expire when you could have bought the stock instead? Clearly I'm not understanding something behind this and I still don't know how people can be up hundreds of % based off a financial release. +[https://www.cbc.ca/news/canada/calgary/alberta-oil-production-new-record-atb-economics-1.6547704](https://www.cbc.ca/news/canada/calgary/alberta-oil-production-new-record-atb-economics-1.6547704) + +I own CNQ, CVE and ENB stocks, long-term investor (don't have plans to sell for 5-10 years), I keep on adding to my positions; however, the federal emission cap makes me wonder how long should my "long-term" be? +Over 60% of my portfolio is XEQT. Iā€™ve invested for 4 months and I have 6k invested in XEQT... however, for 6k invested I have only earned 15 dollars on this ETF. Is this normal- is it just the markets? Sorry, Iā€™m new and want to be sure that this is normal and if this ETF is a good choice. +Question for anyone with personal experience. My father has his own home (newish unit circa $350k) and approx $200k in term deposits. He is in his mid 80ā€™s and gets a part pension. He has Alzheimerā€™s and he currently lives on his own (him and my mother divorced when I was around 15, he has never lived with any one else and is a loner) but I suspect for not too much longer. I am an only child and have Power of Attorney for him. I pay all his bills (with his money, I am a signatory to his account), he no longer drives, doesnā€™t really have any friendships etc but has such a simple life with the same routine every day that he seems ā€˜okā€™ at home. I see him regularly and organise his doctors visits, help him get money out of the bank for him to buy his cigarettes etc and I take him out for lunches etc. He showers and feeds himself currently. When we went to hospital for a heart episode earlier this year I realised how bad his Alzheimerā€™s was, it was quite shocking and he was completely disoriented and disassociated with anything, he returned home and with the routine he became ā€˜okā€™ again, however is getting worse with time which is expected. I donā€™t plan on making any changes at the moment unless he gets worse (only a matter of time though) and he has expressed concern about going to an old peopleā€™s home (I donā€™t want him to go either if I can help him, the stories arenā€™t necessarily great from family I have that work in the field). He has been approved for aged care though already with My Aged Care. A nurse comes to give him his medication daily from a locked box. +My questions: +1. Does anyone have any idea the approx costs for him going into aged care when the time comes? I am led to believe that he would be paying ā€˜somethingā€™ and the longer he lives the more I think they will take all his money/ assets. If I thought he was going to get excellent care I wouldnā€™t mind, my concern is he will get crap care (understaffed/ under resourced - not knocking aged care workers who do their best) and there will be nothing left at the end. +Iā€™ll be upfront and say I am the sole beneficiary of his will. He also did not want to go to aged care when he was more lucid. I am a single parent with 2 teenagers almost out of high school. I work full time from home. +2. My intention was to have him live with me (eventually) until he gets really bad and I cannot cope where I suppose I would put him in care if I have no other option. I hope it does not come to that though. I believe that there is a 3 year period between him ā€˜giftingā€™ his assets and being put into care himself. Can I do that as his POA? Is there anything negative that I donā€™t know about that I should? +3. My thinking was to (if he lives with me) to maybe put his unit on Airbnb (Iā€™d manage it) and put his term deposits to something else that earns more than sub-1%. At the moment he does not use this to live off and just reinvests the measly interest. Are there any proā€™s or conā€™s to do this in his name vs in my name? +I am wanting to do the right thing by him, not rip him off and look after him but I would be lying if there were also not financial considerations. He wonā€™t get better from his dementia, but could foreseeably live many more years potentially and continue to deteriorate. I just donā€™t know who to ask these questions of, or if there is something Iā€™m not thinking of. Thanks for reading this far also. +If you get into day trading because you think it's a game and are lured by a trading charlatan who is advertising with nice cars and watching, then I have a bridge I'd like to sell you... + +Stop buying their lifestyle! +This is a rambling post. It's not entirely based on facts, just observations (and feels) of having been watching this community, the stock ticker, etc for months. + +Listed in particular order: + +1. I don't think Citadel is the major player holding the price down these days. If I had to fathom a guess, I think it's the DTCC. They stand to lose the most if GME balloons before the rules are firmly in place. +2. I think the phantom shares that get loaned out each morning (300,000 shares+ each day at an interest rate below 1.0%) are being controlled by the same entity as #1. They don't likely need all these shares, but they are there to stop any FOMO that happens occasionally. And if more shares were needed, I think those would suddenly keep appearing as well during this phase of the operation. +3. The dark pool routing of buys while executing sells on the normal exchanges is attempting to do the same thing. They are trying to hold the price at or near max pain until the rules are in place. My guess is the simulations target right around this 150-165 price level where the only people willing to add shares mostly exist in this subreddit. +4. I think based on the borrow data, the % short sells each day, and the buy ratios from Fidelity I think this artificial price suppression could be adding an additional 100-200K synthetic shares a day. And although this is likely not something the DTCC necessarily wants to do with a stock that probably has 600M+ fabricated shares, they feel this is necessary to not blow up the entire market before said rules are in place. +5. The elusive DTCC - 5 rule may not be released UNTIL after MOASS starts. Whoever is in charge of controlling this price right now, is fearful that implementation of this rule will increase FOMO buying earlier than they want. +6. Whoever is in control of GME's channeling of price has also decided the time is now to let out the air on the movie stock. The borrow-interest for said movie stock was at 80+% last week. This was directed at forcing synthetic shares to be covered. After two 200M volume days and borrow interest now at 24%, it feels like they have the movie stock variable under control. It still might move higher, but their algos now believe they can manage this piece without it being an added variable in the GME saga. +7. The simulations by the DTCC/SEC have likely already been run. The margin calls and forced liquidations have likely already been determined. Special funds/pools have also been created to account for the black swan event that will be GME. +8. Doge, other cryptos, and obscure stocks are likely pump-and-dump scams to generate some extra dollars in these cover funds. The DTCC likely just told the major players to cough up big dollars. Some of the players sold off stocks while others created these crazy pump-and-dumps to create this money. +9. No dates or sellery, but the June 9th annual meeting is coming fast and it seems painfully obvious that the vote numbers + earnings + guidance is going to create ridiculous buying momentum very soon. The entity controlling price can't control it very much longer. With the movie stock likely in the rear-view mirror as any real issue, I suspect we will see efforts to let GME trade as it is supposed to starting as early as this week. +10. I suspect the biggest whales have been told to stay away from GME. No buying/shorting or options. Yes, this would be highly illegal, but it's hard to fathom the same institutions that held through $400, wouldn't have considered adding more shares in the $140s. They see what we all see. In a perfect market, they would likely be adding shares based on the new GME company. +11. DTCC, SEC, bankers, hedgies, etc are not stupid. They see this subreddit. They know they can't weasel out of GME spiking. It is inevitable at this point. What they needed to do though was create a war chest, eliminate other variables that could act as multipliers, and build out the simulations to mostly one major problem. +12. DFV's purchase of 50,000 shares of stock at a price of $155 created a floor that can't be penetrated and held. His commitment at that price created an impossible solution without a squeeze event. When the guy who targets stocks for gains of 10X+ is buying at $155, the game was essentially over. + +What's it all mean? Just BUY, HOLD, and VOTE. Our time is coming very soon. +Weā€™ve had a good working relationship with our broker, though he did try pretty hard to sell us on life insurance, income protection, etc etc. We reviewed his quote and declined, since 1) my partner has robust coverage through work. (Heā€™s been there 15 years, and we have enough life insurance to cover the mortgage, along with short and long term disability cover). 2) We donā€™t rely on my income. 3) we have robust savings. + +I emailed our broker to decline the extra insurance, explaining the above, and heā€™s sent back a few documents really hammering on about the risk of declining this supplemental coverage. Heā€™s even asked us to sign and return a document ending with the below. Is he just annoyed at losing out on commission or is this common practice? The wording feels a bit petty and kind of rubbed us the wrong way. + + +ā€œHowever, after sourcing an appropriate solution and giving you an illustration showing how much the cover will cost, you decided not to proceed with my recommendation. This leaves you with a shortfall in your protection planning and I strongly recommend you revisit these areas as soon as you can. + + +We think that protecting your family and home is extremely important. After discussing the options further you decided not to proceed with my advice. Consequently I requested you complete a declaration confirming you have been offered protection advice but this has been declined at your request.ā€ + + +The declaration is a bunch of stats on a persons risk of dying/becoming unable to work over the term of our mortgage, ending with: + + +ā€œWe acknowledge that in the event of serious and long term illness or one of our death(s) during our mortgage term, our dependants may not be protected against any financial liabilities which become due.ā€ +Is it worth the hassle of buying and renting out a property these days? I have Ā£150k to do \*something\* with but I'm wondering (hate for landlords aside) if house prices, regulation, agency fees plus property overheads and the risks associated with letting a property make it less attractive than it was even 5 years ago? I mean, broadly, is investing in this manner every worth it any more? +News: $PYTG +Cannabis Industry is Exploding as Cannabidiol (CBD) Products Become More Mainstream +September 27, 2018 + +Palm Beach, FL ā€“ (September 27, 2018) ā€“ The recreational and medical marijuana ā€œrevolutionā€ is well underway as the entire cannabis industry continues to expand at a rapid pace and sales have continued to grow steadily. Cannabis extracts such as hemp and Cannabidiol (CBD) oil are some of the more interesting, and perhaps promising, segments of the legal marijuana industry currently enjoying wild attention as it matures before the worldā€™s eyes. The industry has seen headlines from Fortune 500 companies admitting they are pondering ways to introduce CBD into various products, including beverages such as soda and alcohol. On the other end of the spectrum, there are even uses beneficial to pets. The CBD space is pacing to become a billion-dollar market in the United States alone by the turn of the decade as relaxed legal restrictions and an increasingly open consumer base grow hand in hand. Active Companies from around the market with current developments this week include: Pyramidion Technology Group, Inc. (OTC:PYTG), CV Sciences Inc. (OTC:CVSI), Cronos Group Inc. (NASDAQ:CRON), HEXO Corp. (TSX:HEXO) (OTC:HYYDF), INSYS Therapeutics Inc. (NASDAQ: INSY). + +Pyramidion Technology Group, Inc. (OTCPK:PYTG) BREAKING NEWS: Pyramidion Technology Group today announced today the signing of the definitive agreement to acquire 100% of NxGen Brands, LLC (ā€œNxGen Brandsā€) ā€“ specialists in CBD (Cannabinoid) extracts and related products. + +Doing business as Leafywell, a NxGen Brands company, produces CBD containing products such as CBD oils, tinctures, topical lotions, topical creams, and edible candies. Upon signing the definitive agreement, PYTG will acquire NxGen Brands and all of its assets, all domains including www.LeafyWell.com and all intellectual properties. + +CEO of PYTG, Carlos Hurtado, states ā€œThese are some of the most exciting days we have had thus far ā€“ all of the work we have been doing all along including onboarding medical experts to our Board of Advisors has led us to this acquisition affording us the ability to forge ahead with the acquisition of Leafywell. Leafywell stands apart from other companies in that they organically grow, harvest, refine, and produce CBD extracts for integration into a variety of top-notch delivery methods such as oils, tinctures, lotions, and edibles. These products are of the best we have seen and they have the potential to shape the industry.ā€ + +Leafywell, a Denver, Colorado based company, is wholly responsible for producing their CBD containing products from start to finish ā€“ from plant growing to harvesting and from crop to product ā€“ all in the USA. Cannabis has been considered as one of the, if not the, largest cash crops in the United States, with a future estimated growth rate of 700% by the end of 2018. Overall, the industry has been valued at upwards of 142 billion dollars ā€“ potentially double the value of the global coffee market, according to some recent figures. Website: www.LeafyWell.com + +Researchers have produced findings related to the effectiveness of CBD extract containing products and its potential use in the treatment of a variety of conditions and ailments such as rheumatoid arthritis, diabetes, alcoholism, post-traumatic stress disorder, epilepsy, antibiotic-resistant infections, neurological disorders, and muscular dystrophy. Field specific experts suggest that this is just the beginning of CBD extract related research. + +Dr. Michael McKenzie, MD with a practice specialty in family medicine, in response to the question, ā€œWhat is your opinion of the use of Cannabinoid containing products?ā€, Dr. McKenzie responded, ā€œWe are on the brink of something potentially life changing for many individuals and for our society as a whole. Research has demonstrated many positive effects of the use of CBD containing products and, as a community, we expect this research to continue.ā€ He continues on to add, ā€œI am truly honored to be a part of the Advisory Board for PYTG and I can foresee making contributions to the direction of product formulation based on my experience in medicine and treating patients. We have something special here with LeafyWell products and I look forward to the great things to come out of our future interactions with the highly-respected and widely-recognized board members.ā€ Read this and more news for PYTG at http://www.financialnewsmedia.com/news-pytg + +In the industry developments and happenings in the market this week include: + + + +HEXO Corp. (TSX:HEXO.TO) (OTCPK:HYYDF) recently announced plans to establish a Eurozone processing, production and distribution centre in Greece. The partnership with Greek company Qannabos (ā€œQNBSā€) will catalyze a vertically integrated cannabis enterprise to capitalize on the current medical markets. HEXOā€™s plan to establish operations in Greece marks the Companyā€™s first foray into the European cannabis market. The move will provide the company presence in Europe to supply a full suite of brands in France, the United Kingdom, and other European markets once regulations permit. ā€œIā€™m excited to add European distribution capabilities for HEXO and its joint venture partners,ā€ said Sebastien St-Louis, HEXO Corp.ā€™s CEO and co-founder. ā€œBy bringing brands powered by HEXO, our infrastructure and our know-how to Europe, we will be well prepared to serve a burgeoning market. This new capability will allow us to bring even more value to our hub and spoke partners in the beverage, cosmetics, and food space by giving them access to licensed cannabis infrastructure and brands in Europe. Additionally, HEXO believes that we will quickly be able to leverage our joint venture partnersā€™ networks to take significant first mover advantage and market share.ā€ + +CV Sciences Inc. (OTCQB:CVSI) recently announced that it has introduced PlusCBD Oilā„¢ Gummies at the Natural Product Expo East 2018. A new category of PlusCBD Oilā„¢ products, PlusCBD Oilā„¢ Gummies are offered in two tasty flavors, Cherry Mango and Citrus Punch. A line extension of our Gold Formula line with no artificial ingredients, each gummy contains 5 mg of CBD and a mere 1.5 g of sugar. Gluten free, vegan friendly, and non-GMO, these new products support healthy balance of the body and mind. ā€œWe are pleased to introduce PlusCBD Oilā„¢ Gummies to our existing line of industry leading hemp extract products that include balms, sprays, drops, capsules, and softgels,ā€ stated Joseph Dowling, Chief Executive Officer of CV Sciences. ā€œWe are committed to innovation of our PlusCBD Oilā„¢ products, and as the demand for CBD infused products continues to grow, it is important to expand our wide variety of products to suit all customer preferences. We foresee PlusCBD Oilā„¢ Gummies being a solid revenue driving category for our Company.ā€ + +Cronos Group Inc. (NASDAQ:CRON) and Aleafia Health Inc. (TSX:ALEF.TO) (OTCQX:ALEAF) recently announced the commencement of a joint medical cannabis study to improve the management and treatment of insomnia and daytime sleepiness. The study is funded in part by Peace Naturals Project Inc., a licensed producer of medical cannabis that is wholly owned by Cronos Group. The study will be led by physicians practicing within the Canabo Medical Clinic network, which is wholly owned by Aleafia. According to a July 2017 report from the Canadian Centre on Substance Use and Addiction, entitled Drug Summary: Prescription Sedatives, 11.4 per cent of adults aged 25 and older had used a prescription sedative in the past year. The study will aim to assist in the treatment of insomnia and the development of non-addictive, natural sleep aids. ā€œAleafia is excited to participate in a study with Cronos Group, a company with a firm commitment to patient health. For far too long, the answer to a patientā€™s sleeping disorder or chronic pain has been a prescription and a bottle of pills,ā€ said Aleafia Chief Medical Officer Dr. Michael Verbora. + +INSYS Therapeutics Inc. (NASDAQ:INSY) earlier this week announced it completed a human proof-of-concept study of dronabinol inhalation using a novel and patented breath-actuated device licensed exclusively from U.K.-based Senzer Ltd. ā€œThis pharmacokinetic study provides evidence of our unique drug-device combinationā€™s viability as a mechanism to deliver dronabinol into the distal lung for rapid systemic absorption,ā€ said Steve Sherman, senior vice president of regulatory affairs for INSYS Therapeutics. ā€œIts completion represents the next step in our clinical development program for dronabinol inhalation as an investigational product concept, which has future potential in the treatment of a variety of conditions, including anorexia in cancer.ā€ The study enrolled 36 subjects and compared a single 0.35 mg dose of inhaled dronabinol to a single 5.0 mg dose of oral dronabinol (Marinol capsule). The findings indicate that inhaled dronabinol has a faster absorption rate at a fraction of the oral dose. The difference in Tmaxā€“ā€“the time to peak concentration (Cmax) of drug in blood plasmaā€“ā€“was shorter with the test product: 2 minutes with the inhaled dronabinol compared to 1.53 hours with the oral dronabinol. In addition, Cmax with both formulations was similar, despite the considerable difference in doses. + +DISCLAIMER: FN Media Group LLC (FNM), which owns and operates Financialnewsmedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMā€™s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated forty nine hundred dollars for news coverage of the current press release issued by Pyramidion Technology Group, Inc. by a non-affiliated third party. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE. + +This release contains ā€œforward-looking statementsā€ within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. ā€œForward-looking statementsā€ describe future expectations, plans, results, or strategies and are generally preceded by words such as ā€œmayā€, ā€œfutureā€, ā€œplanā€ or ā€œplannedā€, ā€œwillā€ or ā€œshouldā€, ā€œexpected,ā€ ā€œanticipatesā€, ā€œdraftā€, ā€œeventuallyā€ or ā€œprojectedā€. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companyā€™s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements. + +Contact Information: + +Media Contact email: editor@financialnewsmedia.com ā€“ +1(561)325-8757 + +SOURCE Financialnewsmedia.com + + +A bit of a background picture before I drop into the main picture. Iā€™m 24 and graduated in 2017. Iā€™ve only been in full time employment for just over a year, as I as working part time and volunteering for about a year and a bit following graduation. Currently working in insurance. + +Anyway, yeah as the title suggests thereā€™s a high chance Iā€™ll be losing my 17k job this coming week. Iā€™m currently in the probation period and it turns out Iā€™m not just cutting it. Turns out that someone with a severe speech period isnā€™t suited to be being on the phones. Who would have thought it. + +Iā€™ve got a flawless track record and Iā€™m hoping that my current role will give me a good reference due to my punctuality. But still, Iā€™m concerned that this may be viewed as a black stain on my record. + +Iā€™ve got a 1.5K overdraft from uni that I could rely on but as you can probably understand I would rather not dive deep into that. Is there anything I could do right now to prepare for what seems like my inevitable unemployment? Iā€™m more than less clueless when it comes to personal finance and the respective processes of having employment terminated. Any advice would be greatly appreciated as Iā€™m currently tearing my hair out from stress. +Fellow Bitcoiners, doubters, supporters, lend me your ears. + +We've been here before. +Many times in fact. Peer through our history and you'll see that the [value of a bitcoin has fluctuated many times in the past.](http://i.imgur.com/E0jriM7.jpg) And that's okay. + +By design, Bitcoins are meant to be scarce. The hard limit of 21 million and controlled process of minting makes it so that [we can predict inflation over time.](http://www.mattwhitlock.com/Bitcoin%20Inflation.png) This means the bitcoin won't be diluted by a central authority printing more of them. To a great extent, their worth is driven entirely by demand. + +What caused this most recent price rise? A variety of positive factors: + +* The block reward halving last December from 50 to 25 made bitcoin supply all the more scarce. + +* Demand could now comfortably outpace supply, the price grew. + +* Companies became heavily delayed in the development ASIC products, thus far unable to release them en-mass. Bitcoin's largest market of miners invested directly in the currency rather than machinery. + +* Companies involved with bitcoin began [posting positive profits](http://arstechnica.com/business/2013/01/bitcoin-based-casino-rakes-in-over-500000-profit-in-six-months/) early in the year. Bitcoin caught on with merchants & investors alike. + +* Bitcoins became accepted as a form of payment by [many companies,](https://en.bitcoin.it/wiki/Trade) further increasing their utility and value. + +* FinCen regulations were seen as the first step towards legitimacy, International events such as Cyprus were heavily reported in the media, and contributed to an atmosphere of distrust in fiat. + +Most importantly though, Bitcoin once again got caught up in a cycle that any scarce commodity can experience. The scarcity means we're actually prone to experience rapid spikes in value, much the the same way that inflation can rapidly devalue a currency. + +But it's a cycle that can't continue indefinitely, and that's okay. We're in a free market system, for all the good and bad that comes with it these are expansions and contractions that must occur as bitcoin moves forward. The 21 million cap means that BTC is designed to be a very high valued currency someday. If a mere 1% of the world's GDP were poured into it, (690 billion) then each bitcoin would be worth roughly $32,000. But I can't stress this enough: **this is only the 2nd reward era, 3600 BTC are still being made each day, and it will be a long time before scarcity can sustain those high values.** + +What's going to happen now is that the market will search for an equilibrium value between the amount of BTC mined each day and the demand for it. Bitcoin is absolutely prone to overshoot this value, and then come back down in a correction. Given that demand (and confidence) in bitcoin is constantly changing, this is difficult to predict. What I can tell you is that which each new block halving every 4 years, bitcoin will become more and more scarce, further sustaining its ability to hold value. + +This is not the worst correction we've ever endured either. June 2011 saw the peak of a 33-fold rise in value, followed by a 16-fold drop in the following months. Confidence will wane and wax. Demand will rise and fall, but bitcoin will endure. I have full trust in the blockchain itself as a stable entity. It's the 3rd party services built around bitcoin that sometimes falter. We're still stumbling around in the early days as the kinks are worked out and this vehicle is built into a massively capable and useful technology. [The innovations to improve security, escrow, and trust](http://www.youtube.com/watch?v=mD4L7xDNCmA&list=WLB84DFF3E3B6A009E) will come all in due time. And you may participate in any way you wish. + +What is Bitcoin? It's an experiment, an idea, and a passion of many. +Don't make it out to be something its not. It is not a get rich quick scheme. It is potentially an investment but also a risky one. Advice is abound in this subreddit but remember that no one can perfectly predict the future, and know that you are always free to make decisions as you see fit. Be safe, be smart, and myself and other helpful members of this forum will always be around to assist in any way we can. + +Best regards +-Coastermonger +Hey guys, + +im completely new to the crypto market. i have read several threads to try and figure out which trading platform to start using. + +to my surprise, i keep reading about problems with support and withdrawing money from poloniex and kraken(!). + +is it all rubbish or should i be very cautious? which trading platform should i use? i want to trade altcoin as well. + +thanks for your support! +Hello everyone, can someone explain to me why Ada can no longer climb? I mean, all I hear with cardano is very good news. In this context, I expect the price to rise, but it is not. Does anyone know what the reason is +I have a sizeable emergency fund - Iā€™m particularly cautious. But itā€™s currently (stupidly) in an Instant Access Saver with Nationwide earning - wait for it - 0.03% + +If you had an emergency fund of Ā£20k plus where would you advise putting it? + +UPDATE: Thanks for all the help! Plenty of comments. I've actually gone ahead and opened an Income Bonds account with NS&I and transferred the majority over. Was super easy! Thanks all, again. +They were struggling even before the pandemic and now they're doing much worse. Given layoffs and revenue, the IPO seems to be a way to keep them afloat until travel picks back up. + +https://www.cnbc.com/2020/08/11/airbnb-plans-to-confidentially-file-for-ipo-this-month.html + +>The company had plans earlier this year to enter the public markets, but put those on hold due to the Covid-19 pandemic and laid off 25% of its staff, roughly 1,900 employees. + +>At the time, CEO Brian Chesky told employees that its 2020 revenue will be less than half of what the company earned in 2019. + +>The pandemic has been a huge hurdle for the short-term rental company to overcome, as itā€™s devastated the travel and hospitality industries. + + +>Airbnbā€™s private valuation has dropped to $18 billion, down from the $31 billion figure when it raised a round of funding in 2017. The company also raised $1 billion in April in equity and debt from Silver Lake and Sixth Street Partners to get through the crisis. +I've seen commentary suggesting that we're experiencing a dead cat bounce, and many posters have decided to delay buying until the fall or winter. + +I have recently become in position to be an aggressive buyer and I was looking to begin this next month or July at the very latest. + +While I am glad that I read these comments before I went on a buying spree, I don't have the benefit of having a thesis behind me inaction outside of "people on reddit are saying they're waiting". + +So I was hoping that more experienced investors could share their insights on why they don't think we've reached the bottom. + +I would definitely like to know if these opinions are shaped in comparing this economy to past economic situations, technical analyses, or something else. Ideally, this would be a great learning opportunity for me, so I am hoping that people don't mind sharing their opinions on this so I could do my own due diligence by vetting the responses. + +Thanks in advance. + +ETA: I am not looking for people to tell me what to do. I have my own sense of what the market is doing, but that still doesn't stop me from wanting to learn why others may see the market differently. + +This isn't a "tell me how to think" post. It's also not an effort to time the market. + +I only want to understand people's thesis. That's it. Not seeking financial advice. Only conversation. + +I genuinely want to understand the lens that others see when they interpret this current market. Doesn't mean I will agree with everything...but that doesn't mean I can't be interested in why people think the way they do. +How do they even begin to correct this? They've had a small business, worked as a contractor, and then also just as an employee on a salary. They are keen to fix it but also scared shitless. + +I want to help but I honestly have no idea - literally call up ATO and ask "how do we fix this?" + +Any advice would be appreciated. +I received a phone call today from Wells Fargo about coinbase. They simply asked, "We'd like to know more about your use of coinbase: are you using this for personal or business purposes?" I responded "personal", to which they replied "Thanks, that's all we wanted to know." and hung up. + +Not particularly ominous, but it leaves me a bit miffed. I suppose this is why I moved to bitcoins in the first place. I can do whatever the fuck I want with my money, and even if I was using it for business purposes, AML, KYC and all appropriate licensing responsibility is incumbent on Coinbase. + +Go check in on my grandma, Wells Fargo, whom you sold fraud protection services to while letting her get slowly ripped off to the tune of 40k over 2 years, and refused to take any liability/responsibility for. + +I recently came up with an unusual theory: if I withdraw 3.14% of my capital each year and borrow the rest on margin (upto 4%), would that enable me to maintain a 4% SWR [without sequence of returns risk?](https://www.reddit.com/r/fatFIRE/comments/qm5m3d/learning_from_warren_buffett_and_his_sausage/hjhdtbp?utm_medium=android_app&utm_source=share&context=3) + +I reached out to BigERN, [who gave me a tacit thumbs up.](https://twitter.com/DoudnaReeve/status/1456704310109081607?t=RmP5vgut0YU0dpBcpDkyqw&s=19) + +He then proceeded to write an entire post about it! Sharing here. + +https://earlyretirementnow.com/2021/11/16/leverage-in-retirement-swr-series-part-49/ + +Seems like this strategy would have protected against our worst downturns - 1929 and 1965. + +A further evolution of this strategy - where you only draw on margin in down years - would make it even more bulletproof. + +Curious to hear folks' thoughts... + +Edit: swr means safe withdrawal rate +I think the flow chart is a fantastic reference. Iā€™m in the process of adapting it for a presentation for a group of newly qualified junior doctors. The one thing which Iā€™d like to briefly talk about are some of the things they would be wise to avoid like...Avoiding lifestyle drift, being mindful of car finance and how seriously bad it can be vs. buying a cheaper car outright, remembering to claim professional expenses (which can be several thousand per year). + +Would you help me continue my list, thanks! + +EDIT: The suggestions so far... + +1.) Unconsidered lifestyle drift - a lot of interesting thoughts on this one! + +2.) Booze / alcohol + +3.) Financial "advice" / share tips from mates at work or down the pub + +4.) Car finance + +5.) Food at work / work lunches + +6.) Not "paying yourself first" + +7.) Having children and associated costs - partially mitigated by recycling/reusing/2nd hand items + +8.) Getting married / weddings / divorces / child support - I guess dont do any of these lightly! + +9.) Hobbies - obviously need to balance work:play + +10.) Leaseholds + +11.) Debt - in most but not all circumstances + +12.) Certain insurance products / warranties + +13.) Missed sensible investments + +14.) Lending money - only lend what you're happy to lose +What do you surmise will happen once BTC it hits 100k? I'm interested in what everyone believes will happen.. will there be a deep drop immediately or maybe even more fomo that shoots it to the moon? + +Edit: I appreciate all of the responses and the awards. These are very interesting perspectives on this question. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Its just my (humble) opinion but it feels like the pump and dumps in ASX are increasing every day. Everyday more people are joining ASX Bets and this might be a reflection of the wider influx of gamblers into the ASX - possibly a result of the media attention garnered by the GME short squeeze. + +Recently we have seen some questionable companies spike in a matter of a couple of days on very flimsy financials with no significant news (you know which ones I am talking about). Some of these companies have revenue of less $1M yet are valued at +$200m. Even with sustained exponential growth they would still be overvalued in 5 years time. + +So my question is: are these coordinated pumps and dumps perpetuated in an organised manner through social media initiated by the same offenders, collusion by "influencers" or something more organic that is simply a sign of an overheated market in the digital age where every man and his dog can "get rich"? Which social media platforms seem to have the most influence that are driving these P&Ds? +Idk about you guys but I have one stock that I thought I brought the dip and then it kept going and going and going then brought the dip again and it still kept falling (A2M) + +Whatā€™s your worst hold that you look at every day and just say fuck you too? +**rent.com.au (RNT)** + + +**Current price: 22.5c** + + +**Market Cap: $77 million** + +**TL;DR: RNT has everything: sexy website name, BNPL for meme value, disruptive tech, huge (global) scalability potential, a deal with the big boi ANZ bank and backing from the Slatman himself. Invest in it if you like money.** + +Bevan Slattery (henceforth referred to as the Slatman) just pulled out his huge dick and pointed it in RNT's direction and sprayed 2 million dollars all over their faces. Four business days later, the share price has grown +462.5% from 4c to 22.5c. + +I'm here to convince you that this is far from over. Do me a favour and look at what happened to 3DP and IHR after the Slatman decided to invest in them in July and August respectively. In his words, he likes to invest in "disruptive business models that challenge the status quo. If we believe in a business and invest, then our goal is to help management to grow the value of the business and by association the value of our investment. We don't invest in startups and early stage businesses to make a quick profit ā€ if weā€™re with you, we're there for the long haul". +He isn't just hoping that these businesses will do well, if the Slatman has eyes on you, he will personally come to your house and butter you up himself. He's clearly going to actively help guide management in order to guarantee the value of his own investment. + +Look at [this cheeky screenshot](https://pbs.twimg.com/media/EtWurq7VoAIQPXu?format=jpg&name=medium) on LinkedIn I found where he personally pops up on a random post about rent.com.au to shut down someone calling it a pump and dump. But I digress, this isn't even considering his other achievements and track record with companies like NextDC - take a look into it if you can, you can't deny whatever he touches turns to gold. **Now that we have that out of the way, let's talk about the actual business itself.** + +Rent.com.au (RNT) wants to target and take over the whole renting experience. They want to take care of the entire renting lifecycle in a process that is currently typically very disjointed. There are websites like flatmates or realestate that take care of the process up to finding a place, but after that you're on your own. RNT want to combine the entire process and take care of processes that come after such as renter resume, bond, rent payment management, utilities that are sometimes very confusing or are managed by lots of different places at once. They also want to take care of transitioning from one rental to the other, combining the whole process so that you can stay in the one system the entire time. + +I think what RNT does is really good for the direction that we're going. Lower interest rates and higher house prices are only increasing the amount of people renting, with Australia having ~33% renter households in 2021 and countries like USA and Germany having 37% and 49% respectively. I feel like this will only increase over time with newer generations valuing the flexibility and freedom of moving a lot more (in addition to no one being able to afford a house). Not only that but newer generations are much more willing to pay for digital solutions and convenience. I mean look at UberEats or Afterpay's success. RNT even includes a BNPL-like function with bond payments, where you won't have issues like having to front the new place's bond before you've gotten your old bond back. I'm a huge fan of scalable tech and I really think this is a good way of tying the whole renting experience together and also being able to easily expand to other regions and countries. + +Their next big pipeline announcement item is the launch of the RentPay product this quarter that will allow users to manage and track rent payments automatically. This process in particular I think is currently very antiquated. I'm currently renting and I have to manually bank transfer the real estate agent every month and there's no way for me to confirm that I've paid or even easily check my payment history. It makes the jobs of real estate agents easier as well! If RNT can even successfully capture an extremely conservative 1% (only 25,000 customers in Australia) of market share with this, their analysis indicates a yearly revenue of $2.4million from rentpay, which alone almost doubles their FY2020 revenue. I have no doubt that the Slatman will have a hand in guiding this, with the timing of his investment, and he won't stop at 1%. In addition to this, in the short term, lots of leases expire early in the year, and as sad as it is, the pause on evictions in TAS and ACT due to COVID-19 hardships ended on the 31st of Jan - all resulting in heightened rental demand. + +I won't bore you too much with the financials since you can just go read their reports, but to summarise, 13% FY2020 revenue growth vs FY2019, 27% revenue and 55% earnings Q2 FY21 growth vs Q2 FY20, 2nd consecutive quarter of positive earnings for core rent.com.au portal business. $1.8 million cash on hand, which should last them for 13 more quarters - and that's not even including the $2.75million investment they just received from Slatman and Co. They're not going to need a raising for ages. All sounds gucci to me. What I'm more excited for the RentPay revenue possibilities and the potential of the fundamentals. + +Anyway, I'm just depressed that I probably won't be able to afford buying and paying off a house for what is typically a decades long experience. Ironically, if RNT rockets, I might be able to afford a house and not need to use their service. A man can dream. Otherwise, my investment will only help their business improve and it'll make my renting experience less shit. Sounds like a win-win to me. + +**Now hurry up and go invest in RNT before the ski-ba-bop-ba-dop-bop Slatman hunts you down.** +Buying at all time highs or to a lesser extent a 52w high is common practice amongst pro traders. + +The reason being is that, there aren't any bag holders around to drag the stock down, everyone is in profit and sentiment is high. + +Don't be afraid to buy high and sell higher. Statistics show it's an 80% chance that it's going to be a winning trade, obviously those numbers come down with penny stocks and a lot more so for hype stocks as u/overdose_on_Telfast pointed out in the comments. + +Really had to get that off my chest because too many autists around here which makes sense because I'm here to. + +Edit: As mentioned in the comments stats are a well gaurded secret of pro traders this is the best I could do for sources: + +https://www.investopedia.com/articles/active-trading/051315/how-trade-stocks-hit-alltime-highs.asp + +https://www.google.com/amp/s/bestinterest.blog/investing-at-all-time-highs/amp/ + +https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.turtletrader.com/pdfs/no-buy-the-high.pdf&ved=2ahUKEwjVxaep267tAhWmyDgGHeWACaUQFjAKegQIARAB&usg=AOvVaw3HYCBdACzK1QLPdRbdG2sJ + +https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.forbes.com/sites/stephenmcbride1/2019/11/13/why-record-high-stock-prices-mean-you-should-buy-more/amp/&ved=2ahUKEwjVxaep267tAhWmyDgGHeWACaUQFjAMegQIIRAB&usg=AOvVaw2FYNMmHoOo8xr-r-PZvpZS&ampcf=1 + +https://mebfaber.com/2019/11/04/is-buying-stocks-at-an-all-time-high-a-good-idea/ + +https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.quanttrader.com/download/Kahler_all_time_high.pdf&ved=2ahUKEwjYhL7f3q7tAhVtxzgGHfPEAxQ4FBAWMAR6BAgCEAE&usg=AOvVaw0rEwvF1TMqHsGRlgYtVr2h + +And I can't find any sources for the opposite view. Please share if you have them. +The reason why the curve is flattening is because we are on a lockdown... no? + +I don't see the logic in saying because the curve has now flattened, it's okay to open back up everything again. It's like blocking a leak with a tape and saying "oh that stopped the leak. So it should be okay to remove the tape." without actually fixing the source of the leak. + +Unless we find a vaccine, develop herd immunity or spend long enough time in quarantine so the virus is completely eliminated, I can't imagine things going back to normal. I think as soon as we reopen everything again, we will see another surge of cases. + +I think the market expects everything to be blow over soon because we've reached the "peak" for now but aren't pricing in the fact that we will be impacted by Covid19 for far longer than May. +As someone who is very frugal in just about every aspect, itā€™s hard for me to picture myself going from $200 a month in groceries to $2000 once I retire. + +Those who are living the retired life now - what do you spend your money on without guilt? +Since intel took a big hit recently, is this a good time to invest in Intel? I donā€™t see the company going anywhere anytime soon. I have a friend who has been really enthusiastic about the stock in the past months, but then on the other hand we have Apple with the M1 chip. Anyway, still looks like a discount to me. Thanks in advance +My portfolio, like many others, is red. Red, red, red. Although I am to hold these investments long term I check multiple times a day, to see how the price is and get extremely panicked when there's any dip, like we're seeing now. + +I'm new to investing and what to lose my current mindset and shift to a more "long term profits > short term profits" mentality. + +Thank you in advance for any and all help +When youā€™re about to pull the trigger on that new TV, smart speaker or headphones that you donā€™t actually need just think if youā€™d be happy to pay full price for it. If yes then great, if no then consider if it really is a deal or just more money being spent on stuff you donā€™t really need (or want). + +Happy shopping! +I'll try to keep it short and sweet. My wife and I both work full time, we live in a condo and have an HOA so we don't even do yard work. We made just over 100k combined income the last 2 years. We're finishing up crushing the PMI on our mortgage. We've made the extra payments every month for the last 2.5 years. We're tired after work. We don't want to vacuum twice a week etc. We have two cats so most of this is about cat hair. It sucks to work all day and then come home and not be able to just relax and enjoy that sweet small time before you are required back at work. + +The cheapest thing is just to suck it up. Maybe get more physically fit so i have more energy and tackle chores head on. But I'm wondering the cost effectiveness of hiring a maid. Or even offering extremely cheap rent for a live-in house keeper. + +The condo is tri-level 3 bedrooms 2 full bathrooms, 2 half bathrooms, washer and dryer, lots of storage space and only the top floor has carpeting. The rest is linoleum and bamboo. Still I don't want to vacuum, sweep, mop and wipe down the kitchen and bathrooms on a regular basis. I'm a gross manboy and subconsciously I think that kind of deep cleaning is supposed to happen a few times a year. Most people probably want that done what, twice a month? + +So I don't even really know what's fair to pay. What a maid would charge or what is too much or too little. Average rent in my area is 1555/month and I'd rent out my nicest guest room for $300/mo if they took care of the place. Or just pay someone $100 to go to town on it? If I just did that every 2 weeks it would still cost me $2,400 a year... +I have been using robinhood for 5 years. And I have a debit card with them. Well someone has been using my card to make purchases and I can't even get in contact with robinhood to get my debit card canceled. No phone number to call off the card. + +I have sent them an email and got a reply that it can take 3 or more business days to respond. Like I guess I'm supposed to sit back and eat popcorn while someone drains my account? + +Fuck robinhood. I'm going to fidelity. + +Edit: I locked the account in the app but that is only for withdraws. I can still use my card with no issues when it's locked. +So I've had a reasonably successful time with my side hustle income, and I've previously been asked by several people over DM how I got into it and built it up. I figured this might be a useful way to spread some advice. According to my partner, I tend to waffle so sorry if this is long -- I will use subheadings to try and break it up. + +Disclaimer:: I'm creating this on a throwaway account as opposed to my main, as I frequent this sub. and don't want it to be seen as a humble brag. + +**Stats:** + +I will cover in more detail how I got to this point, but our household earnings are Ā£2,500 / Ā£1,600 after tax from PAYE salaries. But in terms of side-hustle, we get **Ā£800** a month from a private copywriting client. And approximately **Ā£1,500 - Ā£2,000** per month from another online, private copywriting client, solely dependent on how fast I can work and turn around the copy. + +**How I got there -- starting out:** + +I finished university (English) a year earlier than my partner, suddenly having to deal with full-time rent, council tax, utility bills and such whilst she finished her final year. I didn't get a great new-grad salary either, so we were for lack of a better word, *skint.* I needed to find a way of making some additional cash. + +This is when I found **textbroker** \-- textbroker is a "content mill", a website where you can freely sign up to write and pick orders from a pool. There's no selection criteria. You write a trial article and get a star rating, which determines the quality -- and thus payment -- of the types of jobs you can select. There are plenty of these websits around. On this platform, I was writing around 500 words for 5-6 Euros. After conversion and withdrawal through PayPal, it didn't amount to much. But I got into an exclusive team that meant higher paid orders for a while, and I made around 2-3000 Euros writing eBay buying guides that year. + +Then I left that town and moved home a year later with my partner. I didn't write for a while -- in the face of 2 salaries coming in, it felt too much like the payments from that platform were a pisstake. I freelance tutored for a while, which was great cash, but far too time consuming in terms of lesson prep. + +**New platform -- upping the earnings:** + +A couple years after I moved home, I found **Upwork**. This platform works differently; you don't pick from a pool of orders freely. Instead, you can browse jobs and 'bid' for them. Essentially you're writing a job application. And you're up against heaps of second language speakers from developing countries who will complete work for pittance. + +I started out copy-pasting applications for a number of copywriting jobs, but had very little success -- i.e., *"Hi, my name is X, I'm an English grad. I have XYZ experience. Let me know if interested"*. + +After no success for 1-2 months, I watched a YouTube video from somebody who claims to have earned thousands on Upwork. He sold the benefits of writing long, tailored bids for each role, ensuring that your bid couldn't have been pasted and was clearly written custom for that application. + +**Then I landed my first job on Upwork**. I got paid around $800 for writing a few content pages for a website in Hong Kong. In the face of the pittance I had earned in the past, it felt absolutely insane. I continued with some smaller jobs so that I could build up a work history on my profile. $40 for checking a job application and resumĆ©, $50 for proofing a dissertation. + +Clients can leave you feedback and a score out of 5, so it's important to do a great job and remain open to quick communication. I continued bidding very low for quick jobs, so that clients would feel they were getting a great deal for a strong / native English speaking writer. + +After a while, I felt I had enough feedback to go for bigger fish. Developed my bids into very strong proposals for each job. Landed my first long-term client, getting $250 for every batch of 10 product reviews (approx. 10k words) that I wrote. Finally, I got my now-client, who pays approx. $700-800 for every 5,000 words I write. + +On the side of all this, I pitched some blog ideas to local businesses, and landed a long-term arrangement with a local friend of a friend, for whom I write regular blog posts for abou Ā£800 a month. + +**TL;DR** + +Basically, anybody with a good command of English can get into this kind of thing. It takes time to build up, and patience, but it can be done. If you're a software developer, well then I envy you. The pickings on Upwork for you are insane and you could make more than me with ease. + +Happy to field any questions anybody has, but I hope this has been useful! + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; +We just saw a cycle where useless dog coins ran up to 50 BN market cap and more. People were selling millions of dollar worth "profile pictures". Scams and hacks were a daily occurrence. The NFT space was and continues to be a perpetual clown show, lions, penguins, dogs, punk jpegs being sold for thousands of dollars. What even is this market. It puts every other bubble in history of mankind to shame. + + +If you wonder why the non-crypto crowd hates crypto and NFT viciously, itā€™s not an isolated incident or two, but a culmination of multiple events that are textbook examples of the worst capitalism has to offer. + +Earlier in 2021, when I saw hit pieces against crypto, I thought they were quite wrong and were attacking crypto as they missed out on the gains. But over time it's very clear that there is a lot of merit to the attacks on crypto. The entire space has become a circus of greed, scams, zero sum offerings where one is looking to profit from another. If you go to other reddit subs like r/technology, they are all spot on about crypto, the whole space is one big clown world detached from fundamentals. + +You dont even need to bring in energy consumption into this, even without it crypto is a market aggregating the worsts of the worst. Even now, there is little to no real world adoption of crypto, and instead you have a perpetual grifting scheme where people rush into new launches just to dump them at a higher value and profit off late entrants. Think 2017 cycle but on steroids with thousands of new coins. + +You have exchanges and other large players legitimising ponzi schemes by giving them attention and even running dog money competitions. You had large defi protocols add ponzi tokens as collateral. Guess what happens to that $100k loan that was taken out using OHM as collateral, when OHM itself crashes 80% in a matter of weeks. A culmination of all of these is cascading liquidations and steep corrections. + +You have coins with 50 BN FDV, where insiders hold 90% of the supply and retail buys these coins at the very top because they told to FOMOing into every coin that an exchange adds. In particular, what FTX and the whole scam Sam ecosystem they have encouraged is disgusting, if not downright criminal. Institutions and VCs got into these coins at cents to the dollar valuation, and exchanges added them at exorbitant valuations allowing the insiders to cash out handsomely within just weeks. Influencers and ponzi pumpers ran with ā€œFDV is a memeā€ narrative so that they can encourage retail to pile into these scams. + + +If you were even a small sized fund in this space, your limited partners were all chasing for maximal returns and exchanges facilitated all of this greed, all of them except retail knew that the loose monetary policy wasnā€™t going to last, and it was time to make the most out of it. Ultimately itā€™s the retail user and the crypto as a whole itself that suffers. + +For a regular user of r/technology, he probably woudn't care that its Alameda Research or A16Z thats behind a lot of these worthless hype tokens, but his indictment would fall on crypto as a whole. The partner of a crypto VC fund gives zero fucks if crypto's reputation goes down the drain, he has made his millions and is happy collecting his share of profits. + +If you really believe in the tech and vision of crypto, you have every reason to be angry about what the space has turned into since the pandemic crash. It has been one relentless machine churning out scam after scam. + + +A bear market offers actual builders to work in peace building good products that the users needs, while removing all the baggage that comes with increasing prices and the vicious cycle of people looking to profit from one another, and heightened regulatory attention that grifters and scams bring to crypto as a whole. + +Crypto has a lot to offer the world, but only if the right products are built offering value to users. A ponzi farm and fork of a liquidity mining pool aint it, champ. +I recently moved to Silicon Valley where I work as a DevOps engineer. Right now I make a bit over $100k/y, but I know there are people 5-10 years older than me making $200-500k and that kind of growth won't happen with regular raises. I have the general idea that I should be working on additional proficiences outside of work and looking at switching companies every year or two to keep my salary competitive. + +Are there any other things to keep in mind to facilitate high/steady salary growth? +I figured I'd calculate how long it would take to mine bitcoin using a pen and paper for fun. + +According to some forum posts, it takes 3385 integer operations to calculate one double SHA-256 hash. + +These are 32-bit operations, so we'll give a very generous estimate of 10 seconds per operation (we're assuming that you're a numeric genius) + +This works out to a rate of .0000295 hashes per second. Not bad, right? + +Throwing the current difficulty (609482679.88835) into [this](http://www.alcula.com/calculators/finance/bitcoin-mining/) calculator gives us an average time of 2,809,786,333,451,380 years to mine one block. Have no fear, this is only 200000 times the age of the universe. + +Now, at current rates of 25 BTC/block, and $600/BTC, this gives us an hourly profit of $0.000000000000000609/hr (assuming we're contributing to a pool, since competing with ASIC machines is just unfair), or +about 1/300 of a quadrillionth the national (US) average. + +What would it cost you to perform this? + +One three ounce bottle of Noodler's ink is $12.50, and will write for approximately 33 km. Let's say that you're working in binary, and drawing a 1 and a 0 uses 1cm of ink, and you need to write 2 32 bit numbers per addition operation. That's 2166.4 meters of ink per hash. You can do about 50 operations on each side of a piece of paper. Paper runs for about a cent a page on Amazon, so that's about 34 cents per hash. + +At the (approximate) 2,728,647,008,755,700,000 hashes you need to mine one block, adding these two costs together gives you a whopping $3,162,791,285,103,330,000.00 per block, or, if you're keeping track, you earn **0.000000000000474% of the money you spent mining that block** (excluding the cost of petayears worth of food and shelter, and assuming the difficulty of mining and the value of bitcoin freezes forver at this moment). + +Anyone want to get started with me? + +tl;dr - mining by hand is no longer profitable. + +EDIT: fixed some numbers +Not the price action necessarily but the company's recent business decisions have been wayyyy off the mark, to the point that it looks like sabotage. For those OotL, they just announced that they will be adding commercials, in addition to cracking down on account sharing. I could not think of a faster way to drive away the customer base and kill the company, especially after hemorrhaging money on making shows and a precipitous drop in stock price. The bear case is strong, a bit too strong if you ask me. I'd bet my left nut that they have hired expensive consultants recently. I reckon if we turned an eye towards netflix, we would see aggressive ~~cellar boxing~~ corporate sabotage in real time. Could be educational, no? +**TLDR- Apex Clearinghouse Inc. (used by the 16 brokers listed below) is the reason for delay in Control Number delivery, and they are scrambling for "materials".** + +**APEX BROKERS- Ally Invest, Axos Invest, Betterment, Firstrade, M1 Finance, OpenInvest, Rize, SoFi, SogoTrade, Stash Invest, Stockpile, Tastyworks, Twine, Wealthsimple, Webull, Public.** + +EDIT: +2 Brokers. CashApp and Avenue, per users in the comment section. +Clarification- Wealthsimple US and Wealthsimple Canada use different clearing firms. + +[List of Broker Clearinghouses- Source](https://investorjunkie.com/stock-brokers/broker-clearing-firms/) + +**They owe you YOUR Control Number if you held shares with them as of the April 15, 2021 record date.** Yes, even if you switch brokers, the location of your shares on the record date is the source of YOUR control number, and they legally owe it to you. + +&#x200B; + +**SUS Summary (Screenshots Below)-** + +**SoFi InvestSupport Responses to Control Number Inquiries-** + +**4/23/21: Control Numbers are coming today** + +**4/29/21: Oops! Control Numbers are coming 4/30/21** + +**5/03/21: Control Numbers were sent 4/30/21** *(they were not)* + +**5/04/21: Control Numbers "were regrettably not sent as expected"... "do understand that there is a large number of SoFi members individually requesting these** \[*GME Control Numbers*\]**"** + +**5/04/21 BONUS:** **"the proxy vendor did not have enough materials to send to everyone"... "we have asked APEX for your control number directly" ... materials?** + +&#x200B; + +We have the materials, all we need is the control number for OUR shares. Are you saying they don't have enough shares (materials)? Are you? What other material would this be besides the control numbers themselves? + +Background- + +A few friends and myself own GME shares with SoFi and Ally Invest (and now Fidelity and E\*Trade) and began reaching out to inquire about our Control Numbers with regard to proxy voting for the upcoming shareholder meeting on 6/9. Nice. Our suspicions started to grow when we each started receiving different answers to the same question(s). Below are screenshots of email inquiry responses from SoFi InvestSupport. As of writing this, I have also not received my Control Number from Ally Invest, despite similar emails and phone calls. + +**IMPORTANT**\- You should not need to request proxy info/control numbers from your broker(s). This is supposed to be automatic. As a point of reference from the same broker, SQ (Square) has a proxy vote on 6/14, and I have already received the control number without asking. + +The Timeline- + +**4/23/21 SoFi Response- "The control number will be sent out via proxy email today..."** + +Awesome! + +https://preview.redd.it/nsxvaef906x61.jpg?width=1125&format=pjpg&auto=webp&s=c11bead074b2999949d7b884ac4b34ac01f498c5 + +4/29/21- Still no Control Number. Not Awesome, so I followed up on the original request six days after they indicated the control number would be sent. + +**4/29/21 SoFi Response- Oopsy... "We received clarification that the automated proxy emails with control numbers are set to go out 4/30/21.** + +Fine, I have to wait a little longer, one more day. No problem! + +https://preview.redd.it/gppaj4dc06x61.jpg?width=1125&format=pjpg&auto=webp&s=da7da41d1e54be1f031659cb03b29e09a67f96ef + +5/3/2021- Still no Control Number? But you said! So I followed up again, this time indicating the 4/30/21 delivery date previously indicated. + +**5/3/2021 SoFi Response- "GME proxy voting emails went out on the evening of 04/30/21... the proxy documents were mailed also on 04/31/21"** + +O RLY? Ok, now suspicions aside (Spoiler Alert) this is simply not true. I of course am signed up for e-delivery, but regardless, they have now indicated the material WOULD BE sent 4/30/21 and then that it WAS SENT 4/30/21, yet I still have not received my control number from either broker (and it is not in my spam folder). + +https://preview.redd.it/d1if1g9g06x61.jpg?width=1125&format=pjpg&auto=webp&s=c6d1839948a832c0f3ad0f8fc7247e2ad7f14e06 + +5/4/21- Still no Control Number, but these are the best two responses yet. The Control Numbers were not sent out, even though they just "confirmed" that they were sent out on 4/30/21 the day before. + +**5/4/21 SoFi Response- Read the whole thing, it's worth it.** + +https://preview.redd.it/q53o11ri06x61.jpg?width=1125&format=pjpg&auto=webp&s=5eb8b707004d035f261188bd118fbde347ab64a7 + +**5/4/21 SoFi BONUS Response- From friend's inquiry. Again, read the whole thing.** + +**"REALLY HOT ISSUE"** + +"**DID NOT HAVE ENOUGH MATERIALS"** + +&#x200B; + +https://preview.redd.it/fonwi54k06x61.jpg?width=1125&format=pjpg&auto=webp&s=c34a106470d0c0a31c407ce0d8e6a71914ef388b + +So here we are. 5/4/21 and still no Control Numbers from two different brokers (with the same clearinghouse). Now, I know that some people have mentioned still waiting for control numbers from reputable brokers, so I want to be clear that this is less about the wait time and more about the conflicting information that has been received, all with ties back to Apex. In phone calls with Ally Invest, they even went as far to say "it could have been a technical issue", yet still no control number is available. Both brokers have now given me "new delivery dates" and indicated that I should have my control number(s) in 2-3 days. Friend was given 1-2 days. We shall see. + +I will continue my quest to vote, and I encourage you to do the same if you so choose. + +I am personally looking forward to each and every vote being counted... + +**\[IF\] votes > 70,771,778 \[THEN\] Synthetic Shares Exist \[AND\] hedges r fukd** + +**HODL. Vote.** + +. + +. + +. + +Throwback SUS Evidence Below- + +**SUPER BONUS APEX is SUS from JANUARY 28th.** + +**SoFi Actually Called out APEX** (sorry for the poor quality photo, I was but a young lurker ape)- + +"Apex Clearing, our clearing partner, **despite our objection**, has prevented purchases in GME. Sells are still allowed." + +https://preview.redd.it/d4fwcson06x61.png?width=1280&format=png&auto=webp&s=7718a1a5b3daa84a6fd3cd4cc65a4cf20867056e + +**SUPER SUPER BONUS APEX is SUS- APEX Changes Policy with regard to voting rights on share lending and Collateral requirements moving to JP Morgan Chase & Co.** [Link to original post.](https://www.reddit.com/r/Superstonk/comments/mvhllf/attention_if_your_broker_uses_apex_and_you_dont/) + +[Direct link to full 22 Page Policy Change](https://www.apexclearing.com/wp-content/uploads/2021/03/Apex-FPSL-MSLA-2021.pdf) + +If you made it this far, good job. Apex is right up there with Shitadel on the Dark Side. May the force be with you all. +In FI I feel like there are two principles that can conflict. One is to pay down debt as fast as possible and the other is that we can generally expect the stock market to produce 7% gains. If your interest rate is below 7%, the rational economist would say make the minimum payment on your debt and invest your other savings in the stock market. I think two things that would make me not do this are the inherent risk in stock market returns, which is a more rational calculation, and also the feeling of freedom from not being in debt to someone/thing, which is less "rational". + +&#x200B; + +For me I think my buffer would be around 2% (So anything less than 5% debt I would pay the minimum on), but I'm curious to hear what other people's buffers are. Also I'm not asking specifically about current market timing. I know things are funky right now. + +&#x200B; + +p.s. If my financial thinking is wrong here please let me know, and sorry if a question like this has been asked before. +What do you guys use to store your quote/tick data? + +I'm currently using PostgreSQL with TimeScaleDB extension locally. +Recently, I decided to try collaborating with a few other guys and we thought it would be best to have a single solution online which we would share. +So I decided to look for alternatives, so far I seem to have three solutions: +* Just copy the same solution in the cloud, i.e. self-managed DB somewhere (e.g. AWS-EC2) +* TimeScale Cloud +* AWS Timestream + +Does anyone have any experience with any of these? +Any alternatives I'm missing? +I am implementing Monte-Carlo for my backtesting engine. In doing so, I ran across some specific questions, and would like to gather some opinions: + +* Random draw from the distribution: should the analysis be limited to using every return value exactly once, or not? I feel that it shouldn't be limited as that forces all simulated paths to produce the same CAGR. Can you see any reason why imposing this limitation would be a good idea? +* Currently, I am extracting CAGR and MDD from the Monte-Carlo simulation. Anything else you would want to see? +* Duration of Monte-Carlo Simulation: It seems that typical Monte-Carlo simulators use the same period, as the underlying backtest. How much value do you see in also running simulations over shorter periods, e.g. 1-year Monte-Carlo on a 10-year backtest? + +Thanks a lot for your comments. Cheers! + +&#x200B; + +[Screenshot of current implementation](https://i.redd.it/m3vvxof1ivi31.jpg) +What do you guys use to store your quote/tick data? + +I'm currently using PostgreSQL with TimeScaleDB extension locally. +Recently, I decided to try collaborating with a few other guys and we thought it would be best to have a single solution online which we would share. +So I decided to look for alternatives, so far I seem to have three solutions: +* Just copy the same solution in the cloud, i.e. self-managed DB somewhere (e.g. AWS-EC2) +* TimeScale Cloud +* AWS Timestream + +Does anyone have any experience with any of these? +Any alternatives I'm missing? +At the time of writing, Bitcoin trades around $54,400 having climbed as high as $58,400 earlier in the day. Right now, I see some new people panicking, and some asking whether the bull run is over. + +When in doubt, zoom out. + +&#x200B; + +[Bitcoin Historical Chart](https://preview.redd.it/7177cl0dtno61.png?width=808&format=png&auto=webp&s=74d847099fac161995b177e0bc1dac5f9b3a6fe2) + +For one thing, the current dip is only a blip on the chart and will only require a few green candles to put it back where it belongs. For some context, Bitcoin traded at exactly the same price last week and even dipped just below $54,000. + +For the long-term, take a look at where 2017's epic $20,000 bull run is, and you'll understand that this is a long-term game + +If you're worried about today's dip, then there's a chance that you're over-leveraged. Only invest an amount you can afford to lose. That way you can enjoy Bitcoin's rollercoaster ride en route to the top. + +Given that the last run gave us five-digit BTC, there's a chance we'll see a six-figure BTC price by the end of this cycle. Don't trade that for a $4,000 price dip. + +HODL on! +[https://www.bnnbloomberg.ca/calgary-home-sales-slowed-in-july-but-still-reached-a-record-high-creb-1.1636123](https://www.bnnbloomberg.ca/calgary-home-sales-slowed-in-july-but-still-reached-a-record-high-creb-1.1636123) +Is it a good time to buy [ENB.TO](https://ENB.TO) now ?I am new at investing, but I have been doing some research on Canadian companies and I stumbled upon [ENB.TO](https://ENB.TO), their last presentation looks promising. what do you guys think ? + +And what are your thoughts on oil/gas stocks overall? + +EDIT: Thank you all for the insight. I end up buying 200 shares of ENB. looking at the 5 years chart, it seems to me it can easily jump up to $55+/ share. Plus, they pay good dividends. +Noticed that Indigo jumped 20% after their quarterly showed online growth offsetting in-store losses. What are your thoughts on this one? Currently available at $1.20. + +Quarterly for reference: [https://static.indigoimages.ca/2020/corporate/indigo\_fy21-q1\_press-release.pdf](https://static.indigoimages.ca/2020/corporate/indigo_fy21-q1_press-release.pdf) +Now it's all good to be making financial gains by investing but how have you invested in yourself in the last little while? + +Personally I've been working hard on my physical fitness (lifting weights and sprinting in my local indoor track centre) as well as reading almost a book a week and practicing chess. Looking for some additional ideas and curious what else you guys are doing. +When you lean FIRE, you can have a very low income level. In many cases your income is low enough to qualify for low-income assistance such as healthcare subsidies, medicaid, etc. For those of you who accept (or plan to accept) this kind of assistance, how do you feel about the ethical aspects of a millionaire receiving what many people would consider welfare intended for those in poverty? +Hello redditors. + + I am trying to teach my daughter some lessons that I was never taught as a child. One of them is how to save for retirement and the other is how to invest in the stock market. + + Unfortunately, I know like .000005% that needs to be known about it so I need some help. + + She was able to save her first 1000 for retirement in her savings account saving 10% of her income from her first job. + + What would be a long term investment she could put those 1000 into while she keeps saving on her regular savings account. + +Thank you! +The Nyfed just posted their Survey of Consumer for 1 & 3 year inflation Expectations: + +https://www.newyorkfed.org/microeconomics/sce#/ + +And it showed declined across all income groups. + +The group affected the most (households making less than 50k and just highschool degree) saw the largest drop in inflation expectations. + +This survey most likely A preview for Wednesday CPI report. + +IMO, this market will continue higher not on the fed pivoting, but how strong and resilient the consumer is .. + +Despite what the fed does, the market with this job market is just too strong to be brought down into a recession +Did inflation go up 100% overnight? It doesnā€™t feel like it was too long ago when you could get the high-quality Dove body wash for 4 bucks maybe? That was in Tennessee. I live in Arkansas now which is also a cheap state. I swear to God, that dove body wash is about eight dollars. I like the feel of good soap but I donā€™t like it that damn much. I have some serious life goals that I am saving for, and not having them happen is not an option. They need to happen. Because they have to do with the person I love. But itā€™s hard to stomach when I make $15 an hour and fucking soap and toothpaste amounts to what I make in one hour + + In order to save up for what we need to do, we basically need to go without essentials for the next year. + +We are literally about to rent out a room in our house to a stranger. Because if we donā€™t do that, we will never get ahead. I grew up in the 90s and early 2000s. I donā€™t feel like I started hearing about this kind of stuff until recently. I was a kid, I didnā€™t hear about people who were so poor that they had to open their home to strangers just to get by. This is a new helplessness. + +And thatā€™s another thing, speaking of this new helplessness, one income households are basically unheard of now. It used to be where one person could support a family of three on a regular job. Now, even if I made $25 per hour, my wife would still have to work part time for us to get by. Luckily we wouldnā€™t have to share our house to strangers if I made $25 per hour. But she would definitely need to still work. + +And whatā€™s worse, the struggle of the impoverished is a silent story in America. You look at the media narrative and the impoverished are not represented at all. And I think we are all aware of that when we look back at the 2020 Democratic primaryā€˜s, and Iā€™m sorry to get political because I honestly havenā€™t thought about politics in the last two years. But my mind just went there. When I feel this financially hopeless, I just think of Bernie Sanders. +I got laid off in 08. The job market was shit then so I started looking into how to make some side money online. + +I found upwork.com (formerly elance) and mturk.com and realized people would pay me to transcribe. I made 15k that way over 4 months doing it from home. This is something I would definitely recommend to anyone because we can all type. And while it is slow at first, I eventually got to the point where I could type 1 hour of audio in 75 mins. + +I chose transcribing. But what's great about upwork is there's literally hundreds of things people are willing to pay someone to do. Whether that's grammar, editing, graphic design, website building, literally anything and everything. So think of what skills you have and search on upwork to see if people will pay for you to do it. + +Once you've found something someone will pay you for, the hard part is actually getting the gigs. There will definitely be other people trying to get the job too, and everyone submits an application with what's called a bid. Which you have to pay for, but they are cheap. + +Here's how you can increase your chances of landing your gigs. It will be slow at first, but as soon as you complete a couple you will get reviews and it will become much easier to land others. + +First things first, whatever thing you decide to do or focus on, look at the profiles of top workers / freelancers in that space and try to make yours as similar and professional looking as possible. There's good advice on YouTube so I recommend checking out some videos (both when it comes to crafting your profile, and submitting proposals for gigs. However, you can do just fine by using others as an example or starting point.) + +Next, you need to craft your proposal. This can seem daunting at first. But instead you can be smart about it. Create a separate account on upwork as a job lister and list your job for free. (You may even be able to list your job w/ the same account.) Find people who submitted and are the highest rated and craft your proposal after theirs. You should be able to list jobs for free still. + +Once you have your proposal, the next is getting jobs. It will be tough at first. But to get around this in the early stages I always told people I was willing to do it for a discounted rate of 30% or more if they would leave an honest review. After I did 5 of those and finally had some reviews, it then became much easier to get jobs. + +Another thing I would focus on is getting repeat business. When I sent the work to the job provider I would tell them if they are happy with the work I would be happy to continue to do any future work for them so they knew they would have quality they rely on and so they wouldn't have to go through the hassle of listing a job each time on upwork. They could just email me and I'd get it done right away. Once I obtained their private email address, I would then take jobs outside of upwork and accept payment via PayPal and google and Amazon payments. I would also offer them discounts if they referred anyone. This encouraged people to send their friends my way, especially because I always focused on making it the best quality I could. Which, you should focus on quality too. Good work makes happy customers and happy customers makes more customers. PLEASE NOTE: UPWORK OBVIOUSLY DOESNT LIKE THIS SO DO NOT SAY UT ON THEIR SYSTEMS. BECAUSE IF YOU GO OUTSIDE UPWORK, THEY DONT GET PAID. INSTEAD BE COY ABOUT IT. SAY YOURE HAVING TROUBLE SENDING THE FILE ON UPWORK OR THAT YOU WANT TO SEND THEM A THANK YOU EMAIL OR SOME OTHER REASON AND GET THEIR EMAIL ADDRESS. + +After a while, I was able to charge a premium for my work because I had so many reviews. I went from making $20/hr of audio to $60-$80 minimum depending on the job. Sometimes I even made $100 or more per an hour of audio. So while it does take a little elbow grease at first, consider it as an investment in yourself that will pay off a little down the road because you'll be able to charge a premium for your work. + +Whatever you do, if you decide to take this route, DO NOT get involved with the people who promise to show you ways of making money online if you buy their book or whatever. It's 95% of the time a scam and they are very good at manipulating people to spend money they don't have. + +After a while you will have a consistent list of repeat customers, a strong profile with good reviews, and you'll even be pulling in more work through bids. You can then hire people to work under you, or simply work as little or as much as you want. + +You could even take this formula and make a business out of it full time if you wanted. That's up to you. + +But this is by far the easiest way you can make side income or even a full time income on the computer. I hope this helps! I'm happy to answer any questions about running an online business or starting a freelance business. + +EDIT 1: There are other sites that job providers post. Freelancer is a good one. Wherever people are posting jobs that's a place you want to be. The same methodology applies! So absolutely don't hesitate to use more than one site. + +EDIT 2: Someone asked what jobs they could do if they aren't good at programming. But upwork isn't limited to programming so here was my response: There's so many options. I have barely any programming skills either. But I can still type. I can still edit videos. I can still create videos. I can still install Wordpress. And on upwork people will pay you for that it's not limited to programming. I recommend searching by job category to get an idea of just how vast the list of jobs available are. If you're good at something, chances are someone is trying to get someone like you to do it for money. +Write a list of things you can do. Even if you don't think you're good at them, as long as some other people might not know how to do it(like installing Wordpress or cropping a video), add it to the list. Then search for jobs like that on upwork to see which are viable. +You can even get jobs proofreading. And we can all read! + +EDIT 3: I'm off to bed but will continue answering questions in the morning. :] + +EDIT 4: Transcription Is just what I chose to focus on. There are many other things you could do instead, and the same focus and methodology applies as above. Someone commented saying they made a full time business via upwork through voice acting. Someone else made money doing investment presentations. There's tons of possibilities. Also keep in mind there will always be people trying to lowball. But they get what they pay for which is a ESL person who may not speak well or even do the work well. There are good jobs out there. Be sure to broaden your scope to other freelancing sites as well. For example I have friends on Fiverr who make $1k to $2k sales doing video animation with a software and it only takes them a day of work. There's plenty of money to be made. + +EDIT 5: There's a handful of skeptical people. That's fine skepticism is good most of the time. Especially if someone is selling something. I'm not selling anything though. Take a look at some of the people in the entrepreneur subreddit confirming what I've written. There's also some good advice too! https://www.reddit.com/r/Entrepreneur/comments/6y6fgj/ive_been_working_from_home_as_a_small_business/ +Just bought a house and want to rent some rooms out to mates to live alongside us but only have a normal mortgage, not a buy to let. + +They would be tenants living there full time and the mortgage agreement says: + +ā€œIf you want to let the property, you must obtain our written consent before you start. Any consent may be given at our discretion and on terms we consider appropriate.ā€ + +So clearly we should ask the mortgage lenders. + +However with the rising mortgage rates we donā€™t want to risk losing our fixed rate and paying a lot more by changing the terms. + +We are thinking of just taking cash payments from mates to live there. + +What would your advice be? + +Should we tell the mortgage company? Are they likely to increase rates? Should we just take cash? + +Or should we just tell them weā€™re taking in lodgers? Do we have to tell them about lodgers? + +Any thoughts much appreciated +Thinkingfit the selling my income property and either reinvesting in a better property or starting a dividends portfolio. + +I was looking at XOM where if I put everything there I could make ~17k per year, could I do much better than that with other stocks? + +Recommendations? + +Edit: there was never a plan to buy only xom, I just saw it had high dividend %. Looking to build a whole portfolio. Thanks for the recommendations +Is the belief that jepi will keep this dividend for the foreseeable future 1 year? 10 years? And what exactly is the argument that the price of the underlying would see growth as well? + +Iā€™ve seen so many posts about jepi and schd at this point you start to wonder. + +Personally having a hard time wanting to buy and hold this right now without pairing it with a putā€¦ +What advice can you give me on ETFs? Previously Iā€™ve stayed away from them and focused on a blend of growth stocks and REITs (keeping about a 4% average yield). Was looking into starting to migrate to ETFs more. Always hear about VOO and VTI, which are good options but I keep seeing JEPI and SCHD in this group. Comparatively, their yields are much more appealing. A little skeptical of the large difference in yields. Which one would you suggest to buy first? +Hello everyone, Looking for some recommendations. I like everything about SCHD except for the fact that itā€™s quarterly. Itā€™s mostly psychological but itā€™s easier for me to be consistent and invest when I see the dividends hitting every month. I understand that Iā€™m limiting my options by only going with monthly but itļæ½ļæ½s just what I prefer. Itā€™s also easier itā€™s easier to budget my income monthly vs quarterly, as I plan to eventually live off my dividend income. Is there a monthly equivalent thatā€™s close to SCHD? +I've seen commentary suggesting that we're experiencing a dead cat bounce, and many posters have decided to delay buying until the fall or winter. + +I have recently become in position to be an aggressive buyer and I was looking to begin this next month or July at the very latest. + +While I am glad that I read these comments before I went on a buying spree, I don't have the benefit of having a thesis behind me inaction outside of "people on reddit are saying they're waiting". + +So I was hoping that more experienced investors could share their insights on why they don't think we've reached the bottom. + +I would definitely like to know if these opinions are shaped in comparing this economy to past economic situations, technical analyses, or something else. Ideally, this would be a great learning opportunity for me, so I am hoping that people don't mind sharing their opinions on this so I could do my own due diligence by vetting the responses. + +Thanks in advance. +I want to ask the community a series of questions regarding spending dividends. + +1: Have you used your dividends on something other than DRIP before retirement? Yes or No + +2: What did you spend it on? (Emergencies, bills, house or car, for fun) + +3: Was it a one time thing, or do you spend them regularly? + +Thank you for your time! + +Edit: Formatting +#They will let it rise. +$500? +$800? +$1000? + +And as their last resource. They will make it drop RIGHT THERE and start with the media saying, that was it. That was the squeeze. + +*The shills will spread FUD* + +*The shills will post gains that are tempting to the eye. Making you want to do the same.* + +*They will sooth your smooth brain with false words and false DD.* + +*They might go as far as clossing all subreddits to cut communication and cause panic.* + +An animal that is cornered and about to die will fight with everything they got. + +#I need you to know. That this is higher than $10k, $50k, $100k... + +They need the shares. At whatever price I decide to sell, they have to buy it. +All the numbers, all the DD, everything, points to those prices. Truth is, their is enough money for everybody willing to hold and sell at $500k. Looking at you DTCC... + +How much would you buy a bottle of water for, if you're in the middle of the desert dehydrating? + +Everybody probably knows already. But for those that maybe don't or need a little reassurance: + +#Shorts have to cover eventually. They do not expire and mean while, they are bleeding $$$ trying to kick the can down the road with different methods trying to make you sell. + +Do not be fooled. Do not try to fool them by Day-trading thinking you can make money. Every share they buy at low prices ($200) is a share that you could've sold at ($10k) and a share less they have to cover. Meaning that the momentum upwards just got shorter because you thought it would be nice buying low and selling high over and over again. + + Also don't set and wait for a certain date. Nobody knows when. + +*This is not financial advice* + +Memorize all this in your head. Right it down if you have to. + +#PATIENCE +šŸ’ŽšŸ™ŒšŸ»šŸš€ +My daughter turns 9 in October. She really wants to take a gymnastics class. I've searched online for classes in our area. (We live in SC) They're so expensive and not really in my budget. I feel terrible that I can't afford some really fancy gym for her to attend. Does anyone know of any programs or any advice for low income kids classes? It doesn't particularly have to be gymnastics..anything where she can get out the house and just move and play with other kids. (She's a only child so just being around other kids would be great!) + +So basically I'm looking for programs or options for free or low cost after school activities for my 9 year old. + +Thanks to everyone in advance! +$SafeAtom āš›ļø + +Very interesting project with new features like CDSR & CDALP, with high potential, useless cases and changeable % of static rewards, liquidity generation and amount for swapandliquify token amount fully decentralized by token holders + +In plans of team is its own Decentralized Exchange and Launch App for new crypto assets, where holders will be able to pay off not only with BNB, ETH and MATIC, but also with SAFEATOM tokens! + +TOKENOMICS + +Initial Supply ā€” 1,000,000,000,000,000 SAFEATOM + +DxSale Presale - 40% +PancakeSwap Locked Liquidity Pool - 30% +Marketing - 12.5% +On Development Purposes - 12.5% +Airdrop - 5% + +Initial transaction fees - 14% of which + +7% to CDSR +7% to CDALP + +Website: https://safeatom.finance/ + +$SafeAtom$..app DAPP: https://safeatom.app/ + +Contract: https://bscscan.com/token/0x749BFc20f18F71237790b301727349741868C995 + +Whitepaper: https://safeatom.finance/whitepaper + +Github: https://github.com/Safeatomteam/SafeAtom_Protocol_Contract + +Twitter: https://twitter.com/safeatom + +Telegram Group: https://t.me/safeatom_group + +Telegram Channel: https://t.me/safeatom_news +[Robinhood](https://cdn.robinhood.com/assets/robinhood/legal/RHS%20SEC%20Rule%20606a%20and%20607%20Disclosure%20Report%20Q4%202020.pdf) + +[TD Ameritrade](https://www.tdameritrade.com/retail-en_us/resources/606_disclosure/tdainc-TDA2055-q4-2020.pdf) + +[E\*Trade](https://content.etrade.com/etrade/powerpage/pdf/q4-2020-606a.pdf) + +[Fidelity](https://clearingcustody.fidelity.com/app/proxy/content?literatureURL=/9901330.PDF) + +[Tastyworks](https://assets.tastyworks.com/production/documents/sec_rule_606_report_q4_2020.pdf) + +[Charles Schwab](https://content.schwab.com/drupal_dependencies/psr/606/2020-Q4-Schwab-Quarterly-Report.pdf) + +[Interactive Brokers](https://www.interactivebrokers.com/ibkr606Reports/IBKR_606a_2020_Q4.pdf) + +[Merrill Edge (BofA)](http://public.s3.com/rule606/bofas/606-BoFAS-Q42020.zip) + +[Webull](http://public.s3.com/rule606/webull/606-WBUL-2020Q4.zip) + +&#x200B; + +Recently I've become frustrated with the quality of my option order fills on TD Ameritrade account, so I decided to investigate how much of a kickback do brokerages get for option order fills. In comparing these reports, I have deducted the following summary: + +Stocks + +* Interactive Brokers: Pays for order fills and may receive volume discounts +* Fidelity: Does not receive payment for order flow +* Merrill Edge (BoFA): Does not receive payment for order flow +* Charles Schwab: Gets paid approx $0.07 / 100 shares of stock +* WeBull: Gets paid approx $0.10 / 100 shares of stock +* TD Ameritrade: Gets paid approx $0.12 / 100 shares of stock +* Tastyworks: Gets paid approx $0.15 / 100 shares of stock +* E\*Trade: Gets paid approx $0.18 / 100 shares of stock +* Robinhood: Gets paid approx $0.37 / 100 shares of stock + +Options + +* Interactive Brokers: Pays for order fills and may receive volume discounts +* Fidelity: Gets paid approx $0.17 / 1 option contract +* Merrill Edge (BoFA): Gets paid average $0.27 / 1 options contract +* Charles Schwab: Gets paid approx $0.38 / 1 options contract +* E\*Trade: Gets paid approx $0.47 / 1 options contract +* Tastyworks: Gets paid approx $0.50 / 1 options contract +* Webull: Gets paid approx $0.52 / 1 options contract +* Robinhood: Gets paid approx $0.62 / 1 options contract +* TD Ameritrade: Gets paid approx $0.75 / 1 options contract + +I'm not sure if these kickbacks translate to order fill price improvements, anyways if my reasoning is correct, would this mean that IKBR / Fidelity would have better order fills and Robinhood would have the worst at stock order fills and TD Ameritrade for options? +I have recently discovered on my credit report several cards that aren't mine. I have spoken to my mum about it and she has come clean and agreed to co-operate and try to have the debt changed to her name (which I think is unlikely to be possible) + +However, I can't imagine it's as simple as reporting it to the credit agencies and they will just 'move it' into her name as such. + +I'm from the UK so how do we go about resolving this now? Is a police report necessary and what will/could that lead to? + +Appreciate any help. +&#x200B; + +https://preview.redd.it/hqi3buszf6c81.jpg?width=376&format=pjpg&auto=webp&s=6b809ab47b652bd6559e421b776b0214bb64e607 + +After moving from Commbank to ING due to my home loan having an offset account, I have noticed that I have also stopped tracking my spending. + +This could be due to the fact that I bought a home, and was no longer being "monitored", however, I would like to get back on track. Even if I am not in extreme saving mode, I think seeing X amount on eating out or entertainment would encourage me to slow down. + +The Commbank app easily categorised all spending and gave you monthly totals etc. Is there a way to achieve this with ING? I know there are some apps that can do this (I just downloaded YNAB) - but Commbank had this for free, perhaps not as in depth, but nonetheless effective for me. + +Do you have any recommendations for this? Either within ING banking or a 3rd party software, that is well known and safe. +My partner and i are doing the 5% first home buyers deposit scheme, meaning no LMI. + +I see a lot of people saying borrowing this amount is way too much which with the current rates i dont understand. + +Me and my partner are both earn 70k a year each. Currently paying 420/week in rent with ease. The difference in quality of houses in newcastle from ~620k to ~680k is huge thanks to all the first home buyers. I think for future growth potential it makes sense to pay that bit extra. + +We are able to get a 3 year fixed rate resulting in payments of $284 each per week, which seems quite manageable for us. + +After 3 years we will both be on more money and will have paid the loan down a bit, and worst case we can potentially sell and downsize. + +Am i crazy, please tell me your thoughts. + +TIA +Since moving in to a new house last August (renting), we continually have debt collection letters being sent for a previous tenant and his wife. My girlfriend is very frightened that bailiffs will turn up at the front door and take some of our stuff, because the amounts that this couple owe are so huge. She's worried we then won't get it back because we don't have receipts for our 5 year old Macbook etc. + +I'm not so worried about that happening, and to be honest I was fine with just binning the post. Calling them to say they no longer reside here seems to make no difference, but my girlfriend has been homeless in the past so is very frightened of any envelopes with big red letters coming through the door. I'm also aware opening post addressed to others is illegal. What can I do to make the letters stop? +Hi, + +Iā€™m Nick Leeson, today is my birthday. + +It is also 25 years ago today since I broke the worldā€™s oldest merchant bank with illegal losing trades of over 1.4 billion dollars and the phrase, ā€˜Rogue Traderā€™ was coined. + +I was 28, the place was Singapore, and the bank was the Queen's own Barings PLC. + +Things went bad fast, two days prior I fled Singapore and faxed back a note to the bank with just the words ā€œIā€™m sorryā€ + +I realised how bad, when waking up at the Shangri La Hotel in Kota Kinabalu. The Asian Wall Street Journal had been slid under the door, picking it up, the front-page headline read ' British Bank collapse'. + +I decided I needed to get further away, back to England. I boarded a flight back that day via Germany. The plane was met on the runway in Frankfurt by German police. + +I was extradited, sentenced to 6 and Ā½ years in a Triad led prison in Singapore. I got cancer, spent a month in solitary, wrote a book, had a movie made about me starring Ewan McGregor and served 4 Ā½ years for good behaviour. + +I am now back trading and you can follow along at bullandbearcap.com. + +I'm hosting an AMA shortly at 7pm UK time, feel free to ask me anything about anything. + +Iā€™ll answer questions there rather than here. + +Nick + +&#x200B; + +Edit: the AMA is on [r/IAmA](https://www.reddit.com/r/IAmA/)/. + +I'm new to reddit and still trying to figure out how i get the link to even post on it when it's live! + +... i prefered fax! + + +ā€œClever Leaves is a multi-national cannabis company with an emphasis on ecologically sustainable, large-scale cultivation and pharmaceutical-grade processing as the cornerstones of its global cannabis business. With operations and investments in the United States, Canada, Colombia, Germany and Portugal, Clever Leaves has created an effective distribution network and global footprint, with a foundation built upon capital efficiency and rapid growth. Clever Leaves aims to be one of the industryā€™s leading global cannabis companies recognized for its principles, people, and performance while fostering a healthier global community.ā€ + +Clever Leaves is a cannabis play located in Colombia. The company recently came public via a SPAC merger with Schultze Special Purpose Acquisition Corp which awarded them with 80M in cash. Growing weed in Colombia has the following advantages: + +\- Sunlight 12 hours a day + +\- Sunlight year around + +\- Energy Efficient ( good for the planet in the long run ) + +\- High Elevation helps with pest control. + +\- Colombia already dominates flower exports. + +But the greatest advantage of them all is simply: lower cost per gram of dry flower. Clever Cost per gram of dry flower amounts to $0.20. That is right twenty cents. Thatā€™s a cost advantage of 9x compared to Canadaā€™s average of $1.89. + + + +Clever Leaves currently has a Cultivation Footprint of 1,900,000 sq. ft. which is comparable to those of bigger companies such as Aphria (2.4M sq ft) , Aurora (1.5M sq. ft.) . + +Another key factor for Clever Leaves global success is they are one of three companies($APHA/$TLRY , $ACB , $CLVR) in the world which are both vertically integrated and are EU GMP-Certified which basically means they can sell their weed as pharmaceutical which is how weed is being establish in some places in Europe such as Germany. + +ā€œClever Leaves was granted EU GMP certification in July 2020, establishing Clever Leavesā€™ facilities in Colombia as the first and only cannabis operation to be granted EU GMP certification in Latin America and one of a select few in the worldā€ + + +Clever Leaves is currently a project of national importance as declared by the Colombian Govt which assigned CLVR 50% of the Colombian Production Quota which is aprox 18% of the global production quota. + +Clever Leaves recently announced a partnership to supply cannabis to German pharmaceutical company Ethypharm. + +Clever Leaves is currently at the end of a one-year deal to supply Canopy Growth ($CGC) with the cannabis for its south America operations. This deal has an option for up to two years renewal , it should take place around April 2021. + + +| Company | Market Cap ($) | Cost per Gram ($) | Cultivation Capacity (sq ft) | | +|------------------------|-----------------------|---------------------------|-------------------------------------|---| +| Clever Leaves | 341.077M | 0.20 | 1.9M | | +| Aphria | 6.16B | 1.04 | 2.45M | | +| Tilray | 4.39B | 2.36 | 1.1M | | +| Aurora | 2B | 1.49 | 1.5M | | +| Canopy Growth | 13.18B | Did not find | 7,665,890 | | +| Sundial Growers | 2.42B | 1.86 | 0.448M | | + +The earnings are coming up march 30 2021. + +https://www.globenewswire.com/news-release/2021/03/02/2185256/0/en/Clever-Leaves-Receives-Largest-2021-Production-Quotas-from-the-Colombian-Government.html#:\~:text=Clever%20Leaves%20was%20granted%20EU,select%20few%20in%20the%20world. + +https://www.globenewswire.com/news-release/2021/03/17/2194641/0/en/Clever-Leaves-and-Ethypharm-Announce-German-Pharmaceutical-Cannabis-Partnership.html + +https://mjbizdaily.com/deal-between-clever-leaves-canopy-could-be-template-for-other-cannabis-firms/ + +https://d1io3yog0oux5.cloudfront.net/_e869268023cc6eaabea30d10a4e17201/cleverleaves/db/858/7512/pdf/CLVR+Investor+Presentation+-+Jan+2021+v3+-+FINAL.pdf +I like using firecalc and similar sites to run withdrawal simulations, but one of the drawbacks is that the last year you can test a 30 year strategy is 1992, because of course thatā€™s the last year with have 30 years of data for. Thatā€™s a problem, because arguably more recent years would offer a better window into the future because they are more current and perhaps more similar to likely futures. + +My question is, are there any ways to test against those recent years? Can we guess which recent years are probably ok and which are not? Or are we stuck with a tool that has a 30 year blind spot? +Hit $1MM net worth this month. Wife and I (38/36, dual income, 2 kids, one on the way) married 7 years ago with $158k combined net worth. + +65% retirement funds, 15% retail investment accounts, 10% cash, 10% real estate equity (LCOL area with high taxes, so we aren't highly levered or concentrated in our home). + +Next milestone is $1MM investable (currently total $887k), but will likely have a setback as we need to buy a minivan in cash and may do some small renovations to our 4br house. + +$3MM is our FIRE number, but both like our jobs (at the moment). +General Motors CEO Mary Barra told CNBC on Wednesday that "nothing is stopping" her company from accepting Bitcoin payments: +"There's nothing that precludes us from doing that. We'll be driven by our customers." +Barra claims that GM is trying to "simplify" its customers' shopping experience and ownership. + +In February, after Tesla bought $ 1.5 billion worth of bitcoin, Barra said her company would evaluate bitcoin acceptance. + + +Source: https://u.today/general-motors-may-start-accepting-bitcoin-if-theres-customer-demand-says-ceo-mary-barra + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. 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: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[šŸ“š Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ“š Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ’” Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[šŸ“ˆ Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [šŸ—£ Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [šŸ¤” Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ’» Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ“° News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ¤” Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ‘½ Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ“³ Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [ā˜ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL šŸ’ŽšŸ™Œ](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[šŸ“£ Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [šŸ“† Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ† AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸšØ Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ“– Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [šŸ”” Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [āŒš Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ„“ Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"šŸ’» Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Iā€™m a busy person but I really like the idea of day trading. I donā€™t mind spending time learning but Iā€™m looking for a way to trade that is time efficient to fit my lifestyle. + +Ideally Iā€™d wake up in the morning and place my trades for the day in about 30 mins. Including stop losses and buy/sell orders. I donā€™t mind making less profit than someone looking at the charts 24/7. + +Whatā€™s the type of trading that is adapted to that ? +I have this concern every once in a while that by saving all of this money for an early retirement, I might be wasting my time. I worry that in the future, they may decide to take all the money we have saved in "tax advantaged" accounts (401k, Roth IRA) and change the rules on us. + +In the case of the Roth IRA I could see them saying "well you put the money in when the tax rate was significantly lower, therefore we will be adding an extra tax on the end when you withdraw". + +I always talk myself out of it by saying "well they wouldn't be that stupid, that would ruin the whole point of an IRA and a 401k and one of the main methods of regular people to save for retirement would no longer be used"... then I remember I'm talking about the govt and they aren't always known for making the wisest long term decisions... + +Thoughts? +relatively new to investing, most of my holdings are either up/down 2-3% in the past few months. This is pretty typical. + +My tech holdings (like TEC) however, are down like 8%. Why is tech being killed rn? Is this too small of a sample size to know? When / what needs to happen for it to trend in the right direction again? +Looking at some of the most popular REIT etfs like ZRE, over the last year they dropped in value during the covid sell off, and now are just reaching prices seen in Feb 2020. But during the same period real estate prices did not tank at all, and just skyrocketed. + +Why is this? +It has been up 6x since 2010 and about doubled since a year ago. Itā€™s financials and earnings are so good and as a renewable play has a bright future for the next decades. Who here owns this stock ? +With all this hype on this trend of tele-health/tele-medicine, I decided to download the CloudMD app myself and see what itā€™s all about. + +Generally speaking, this app seems like it has it all. Although I havenā€™t booked an appointment yet, it just seems very seamless and I think the app is truly well designed for what it is. Itā€™s simple to use, it has a very customer-focused feeling to it, and it integrates very well into the other good apps that I use daily. + +Has anyone else actually booked a appointment with a doctor, and if so, what was your experience like? Will it change how you see your doctor moving forward? + +*Edit: update... so I used the app to book a doctor last week and boy was it easy. Easy to punch in all my information, book an appointment, and meet with the doctor. + +The doctor was very informative and helpful and patient. I thought it was pleasant and nice to see a change in my doctor (one who I have seen for the past 3 years). + +The prescription was sent to the address of my closest pharmacy (that I provided) and it was ready within 10 mins! Wow. I was amazed. + +I have another appointment booked again today and itā€™s so nice to have it work with my schedule rather go against it. Long-term user here. +I'm currently looking for an undervalued company based in Canada. I thought I could ask here and do my due diligence on any recommendations and post it on this sub for anyone that would be interested. + +Looking forward to your suggestions. Have a great day. + +&#x200B; + +Disclaimer: I am not asking what to buy. I am asking if you guys found any interesting stock recently worth looking into. +Hey guys, I want to shift the tone from "dip vs crash" and "xbal vs xEQt" posts. I am looking to hear about people's risker stock picks. Is there certain industries or emerging markets that have a potential bright future? + +My pick is HURA, I feel like nuclear has a huge potential to help with future energy problems. With advancements into adoption, SMRs, and diamond batteries perhaps this pick will payoff. +It has been up 6x since 2010 and about doubled since a year ago. Itā€™s financials and earnings are so good and as a renewable play has a bright future for the next decades. Who here owns this stock ? +I follow this guy, Benjamin Cowen @ intocryptoverse Twitter and like the stuff he does. I didn't realize it at first but there's a scammer with username @ intocryptoWerse who's using the same picture & name but this handle @ intocryptoWerse which is just 1 letter different and scamming people.... I thought I was learning from a real guy and I made an account on an exchange he told me to go to legerxcoins.com & deposited $3000 in BTC on the deposit address. Hasn't arrived and the guy says it's a server error and now wants me to message him on whatsapp. I'm following along until now pretending like he isn't scamming. I've tried posting on twitter & warning but I follow like 20 people & have 0 followers..... I only used it to see if I could make some money for the fam...... Sucks lol... 3K.... Im 25 and working to provide.... 3K taken just because I thought I had the opportunity to learn from someone better.... Sheesh.... Just someone stop this guy, 3K will be worth it.... Thank you. I have pictures and screenshots I took. Please help if you can. +Yesterday I replied to a "what do I do with my life now" thread and people seemed to like the advice. I realized the main message from that discussion might interest other people in this sub. + +This is a cautionary note for people who are sick of their jobs and think that starting a business will make things better. + +>I'd strongly advise that you re-consider (or more seriously weigh the risks) of trying to start a new business. +> +>I work extensively with start-ups/entrepreneurs and you're at a stage of life where you have A LOT to lose. One consistent pattern I've seen is guys from 35-55 with a wife/kids/house taking big risks on a new business because they are sick of their corporate job... and then losing everything (or a very big chunk of their savings). They tend to have much bigger losses than other groups I've worked with and a much higher overall failure rate. **I don't know exactly why this happens, but I think a big part of it is exactly what you'd expect: they have more to lose, a bit more confidence/arrogance, and don't have the right kind of motivation.** +> +>This obviously isn't always true. The two approaches I've seen guys in this demographic have the most success with are: +> +>**1.** Those that branch off from their corporate career path and use their existing network/skill-set to build their own freelance/consulting business. They typically start while working their corporate job, build up a few solid clients, and quit once they have enough money coming in to sustain themselves. +> +>**2.** Those who have a clear competitive advantage in their field and experience starting the **same kind of business** in the past. Note there's serious emphasis on this being the **"same kind of business".** If you've started a house painting company and then start a restaurant you're probably less likely to succeed then someone starting from scratch (my experience backs this up... arrogance is a business killer and people that tend to think unrelated experience somehow qualifies them to start new businesses fail at extraordinary rates). +> +>With all that said, I run my own business and absolutely love it. I'll never go back to my corporate gig. But I weighed the risks and made sure I didn't overextend myself. I had WAY less to lose than you do, and I still was super cautious every step of the way. + +**Note**: this isn't saying that guys from 35-55 can't be successful in business... that would be ridiculous. It's saying that guys with a lot of savings and a lot to lose (wife/kids/house) that want to start a business BECAUSE they hate their corporate job tend to have a high failure rate and need to be WAY more cautious and realistic. The odds are stacked against them and sadly many of them think they are the exception to the rule. If the goal is FI then it's very unlikely that starting a business is the best way to achieve it. + +**Edit**: Great feedback so far and thank you to everyone for the responses. One note about the line on assuming unrelated business experience is applicable to a new business venture. The stats that I've seen do show that those who have started businesses in the past do have better odds of starting a successful business in the future. But, I wrote that line specifically because I've talked to dozens of people that have some variation of *"ten years ago I started a business selling ethically-sourced-organic bird diapers so I'm totally qualified to start the next competitor to Uber."* All but one of the people that I spoke with of this type failed extraordinarily. I feel like it has come up so frequently that I have to mention it when anyone pitches me a new business idea. +I personally think that free trade and comparative advantage overlook the value of learning. Thereā€™s a vast literature in economics on the value of learning by doing. + +South Korea had a comparative advantage in rice farming some decades ago and was less industrialised than North Korea, but it decided to learn how to manufacture semiconductors and other high-tech goods. Had South Korea stuck to rice farming, it would be a relatively poor economy today. The law I propose is to incentivise more learning and to embody more knowledge in our own population. + +This would be a medium to long term thingy. It wonā€™t pay off in the short term. + +Please exchange ideas below to help us all learn. +Thought I'd share some personal opinions on the state of crypto from the perspective of someone who was deep in the dot-com boom (and bust). I see a lot of parallels. + +# The Dot-Com Bubble (1995-2000) + +Back in the late nineties, I was very deep in the dot-com craziness. My reddit account is pseudonymous so I won't get into which ones, but please believe me I was around a lot of dot-coms of the era. It was a wild and weird time. Earning revenue was considered a bad thing for a company, because it meant you could be evaluated by traditional metrics, rather than sky-high future potential. The argument for every dot-com was that the world was shifting business--all business--over to internet approaches and there was no theoretical limit to the upside. FOMO among investors was completely off the rails as some of these IPOs yielded 100x returns (or more). Venture Capital was stupidly easy to raise. Some of the business pitches were just.. catastrophically stupid, and often, despite their stupidity, these businesses nonetheless got their funding. + +At this point you're probably guessing the parallels to crypto that I'm leading toward, but please stay with me, because there are important differences. Still, it's worth acknowledging some similarities of crypto to that time. The thing that smells the most familiar is projects with garbage tech, pump and dump schemes, and the like. That does not describe all crypto, but it certainly describes some of it. Worth noting also that there's plenty of money to be be made (just like back then) even when the tech is garbage, and that creates some problematic dynamics. + +# The Dot-Com Bust (2000-2001) + +In 2000 things changed and the narrative changed. The bubble burst. Analogies to the Tulip bubble abounded. Fortunes were lost overnight. If your company could be characterized as a "dot com" you were not likely to get your next round of funding, even if you had hit every goal you had promised. It was simply a bad word in the investment community. Everyone wanted out, as fast as possible. The promise of the internet had failed. Many who missed out on the bubble due to FUD, took quite a bit of pleasure watching fortunes collapse. + +Back to the present for a moment. I suspect quite a few of the crypto minimalists (places like /r/buttcoin) are people forged by this period. Some are people who lost much (or everything) during the dot-com bust. Some are people who were the FUD during the dot-com bubble and had their views cemented when they watched the bust. For the most part, that's just my speculation, although there are a few examples in the media where this is objectively the case. + +For a lot of people's thinking the dot-com bust was the end of the story. Except it wasn't. The internet didn't disappear. And many of the businesses that were born of the bubble didn't disappear. Instead we led into the next period where arguments for both sides were proved right. Maybe the world had too much exuberance at first for the internet, but also had been a little too harsh on it during the bust. We entered a new phase: + +# Aftermath: The Internet Turns Out to Be Handy After All (2001+) + +On the graves of many failed dot-coms, some internet companies nonetheless survived. This period began with news stories wondering whether Amazon would ever turn a profit as they noticed it was still growing. After a while, it became accepted wisdom that new giants had arisen. Unlike the boom era, traditional metrics of business success mattered, but unlike the dot-bust, you couldn't be dismissive about the internet. Industries like print media were dying. Social media companies were booming. It was a new normal. + +Present day analogy again. We're obviously not in the aftermath period with crypto (a term I'm using to refer to all things blockchain, distributed, etc.). We're not even close. But there's every reason to believe that it will come. Crypto offers the potential to solve numerous problems with our financial systems. Smart contracts offer the potential to eliminate the need for numerous businesses that we spend exorbitantly on. (E.g., why pay for an escrow service which relies on third party trust, when reliable software can perform the same function?) + +# A Key Difference Between the Rise of Crypto and the Dot-Com Bubble + +If you're an investor in the late nineties, you'd obviously be making a hugely successful long-term bet if you put your money in Amazon. But you might just as easily lose your money, believing "DirectBooks4U.com" (made up) is a better investment. There will be businesses servicing the crypto industry that are hugely successful long term and many that fail completely. The big difference between then and now is that, this time, you have the opportunity to invest in the protocol itself. Crypto isn't just a currency--it's a protocol. You couldn't buy "the internet itself" back in the 90s. + +The internet is only a few decades old, but it's become so fundamental to society that we can't imagine a world without it. The same can happen with crypto. + +That isn't to say it doesn't have a long way to go of course. When I hear about someone accidentally transferring crypto to a wallet of a different crypto address it reminds me of the days explaining to people, "it's HTTP colon FORWARD slash, not backward slash." This kind of stuff will all get sorted and become invisible to the end user. The applications for the technology are beyond our ability to foresee at this point, just like it wasn't easy to come up with more use for your website then a spinning globe back in the day. + +When I hear people ask "what is your ultimate sell price point" I'm reminded of Neo in the Matrix. (\*Not the first to make this analogy.) When Neo asks Morpheus if he's suggesting he can dodge bullets, and Morpheus says "when you're ready, you won't need to." When crypto is ready, you won't have to sell. +This probably comes off as FUD at first glance, my apologies. + +I'm just asking every Ape to think from a Short Hedge Cuck's perspective. It would be in their best interest to ruin our price action cycle thesis. That's not me dissing any DD writers, I read all your work, twice, and it's incredible what some Apes put together. I may be on the smooth side of the spectrum but there's one thing that I know: HedgeCunts always want to hurt Apes morale. + +I've been here since Jan and they always kill the hype- Like they're here watching for it + +That's my only point, and it is 100% speculation. I'm just tryna manage expectations for new apes. + +p.s. DRS is life + + +Edit to clarify: + +I said nothing about any options DD, it makes sense that January is when GME's short sellers are most exposed- I was speaking on the coming weeks, and I wanted to manage expectations for the newer apes from /all + +I'm sorry if my opinion upsets you, but it's just my opinion, man. +Posting this for u/strong-ape-bro due to lack of karma. All credit to him! Edit: added screenshots + +&#x200B; + +https://preview.redd.it/fsqmw907pv371.png?width=640&format=png&auto=webp&s=f072b45d582052be91ede94053b655522f4a759c + +&#x200B; + +His thoughts: + +" Citigroup, Goldman Sachs, BofA restrict shorting on GME, adjust their "risk controls". "Institutional investors now face higher collateral reqs" -- June 4, Bloomberg + +This is freaking huge. + +3 of the **biggest** prime brokers are pulling the plug on 1) shorting GME and 2) increased collateral requirements. + +**Bloomberg article:** [**https://www.bloomberg.com/news/articles/2021-06-04/wall-street-banks-rein-in-hedge-funds-short-bets-on-meme-stocks**](https://www.bloomberg.com/news/articles/2021-06-04/wall-street-banks-rein-in-hedge-funds-short-bets-on-meme-stocks) + +&#x200B; + +https://preview.redd.it/ikbu389bpv371.jpg?width=640&format=pjpg&auto=webp&s=882883f1c27272cdbc5307815f960ab311a4b9fe + +&#x200B; + +https://preview.redd.it/1zai4bphpv371.jpg?width=640&format=pjpg&auto=webp&s=374e67fa884adfaa34acd12f434e355dff716d4c + +For those unaware: + +1. [Bank of America is the prime broker for 96% of Citadelā€™s ā€œactivitiesā€](https://www.reddit.com/r/Superstonk/comments/nsioql/the_complete_bank_of_america_gamestop_dd/). +2. BofA recently terminated analyst coverage of GME. +3. On June 4, BofA also restricted short positions on GME and increased collateral requirements for existing positions. +4. Citigroup, Goldman Sachs did the same. +Obviously if you own an index fund you don't have to make this decision, more power to you. For those preferring a more concentrated portfolio style, I think this is an interesting question - because these are all great companies, but naturally one must be better than the others. + +If you had to pick just one of the mega-caps, which do you buy today? + +My personal thoughts: + +- Facebook. I see potential competition to their network, but the balance sheet is a fortress and valuation has been pushed down a bit due to general public hatred. A contrarian pick. (B) + +- Apple. In my opinion the valuation of this has run away farther ahead of its earnings relative to the others, making it the least attractive of the bunch for me. (C-) + +- Amazon. Doing amazing things, looking at the last several quarters their earnings seem to be accelerating - however the p/e is higher than all the rest. (A-) + +- Microsoft. The sleeper choice, solid valuation in addition to growth. Not flashy but a money printer. (A) + +- Google. My perception is that they're slipping - taking lots of high risk/high payoff bets that don't appear to be paying off yet. Feels potentially contrarian but I'm not wildly excited. (C)? + +- Bonus: Mastercard/Visa. Secular trend away from cash makes these seem like long term great picks, in spite of fin-tech disruptors. Not cheap valuations though. I favor MA over V for efficient use of capital. (B+) + +Just my opinions of course. Your thoughts? +Iā€™m thinking of buying a building in NYC that has a commercial space on the first floor and apartments on the upper floors. All the units are occupied and the rent roll would cover my costs including mortgage, taxes, water/sewer, electricity, insurance, super, repairs/maintenance (according to the high level info provided by the broker). The property is in a safe, family friendly neighborhood that we are very familiar with. I see this as a long-ish term investment where I can have a property that appreciates with costs covered by the tenants and potential for me to live in if we want to. + +This would be my first time doing this sort of investment so I donā€™t know what I donā€™t know. What due diligence should i be doing to reduce risk? What other costs should I try to uncover? +Construction prices are going up and up and I don't think that's slowing down. This demand shortage is only going to go up as more people go to college instead of trade school. Has anyone thought of just quitting their day job, going to trade school, and working as a contractor. Eventually you can work your way up and start your own company, and it would be a great tool to use in order to build your own houses and start your own projects. +I'm in the inspection period on a duplex and we noticed that the attic insulation was all matted down, likely due to moisture. Got a mold expert out just in case and they found black mold throughout the attic. They did not find black mold spores in the house portion, strictly speaking. They just found it in the attic, but it's all over the attic. + +Is this an immediate deal breaker or should I negotiate a substantial credit and remediate? Anyone have experience with black mold remediation? +Long story short I (30F) rented a room out in a house that I own. It was for a 6-month term for 2020-2021 with basically a 2 page agreement, clear start and end dates, and no explicit or implied month-to-month thereafter. But I let the roommate (35F) stay afterwards because it wasnā€™t too bad (at first, now theyā€™re quite annoying) having them around and getting that extra money. + +I am moving in with my partner in a different state at the end of December, and want to rent out the whole house, which the roommate cannot afford. I was able to find qualified renters to move in January 1. + +Now Iā€™m getting concerned that my roommate might be bitter/immature enough to try to overstay. After our initial agreement that ended April 2021, we have nothing else in writing about her renting the room. She pays me via Apartments.com but thatā€™s it. + +So Iā€™m trying to understand the legal processes I may need to follow should I have to evict her. This is in AZ. + +What Iā€™ve interpreted from searching so far is that sheā€™s considered a tenant-at-will and just needs 30 days notice. After that itā€™s unclear if I would have to follow an eviction process, or if I can just go straight to requesting law enforcement to remove her. + +Yes I will contact a RE attorney for counsel, but does anyone have any experience/advice for a situation like this? + +ETA: There's a longer comment below with the whole story, but to make clear--I told her I was intending to move earlier this summer and have been consistently checking in about plans. This is not a surprise to her. +This year Iā€™ve done two wholesales, two rent-to-owns which ended up costing me nothing after the tenant got in there so it was all cash flow. One of those was a Sub-2, other was a wholesale rent to own. The sub2 I ended up selling my share of to the tenant for 8k. Bought a flip, have it listed now, and bought a turn key, $0 down rental for 6.5k over 3.5 years, financed with a partnership. I found it, negotiated it, and brought it to them and my cut came in the form of half ownership, with interest being paid as property management. And I just found another good rent-to-own. Will cost 3.5k to buy, needs 3k-5k in work, but idk if Iā€™m gonna wholesale it or find a rent to own tenant before i buy it. Either way itā€™ll be 3k in my pocket or 1k and $200/month cash flow. + +But someone Iā€™m close to said I should slow down a few times to me, heā€™s not super creative and just does flips and rentals usually bought from a bank or cash, and Idk how to talk about this with others because while I can smile and be really friendly, being vulnerable and showing my doubts to people in person just isnā€™t something I can do. I quit my job for Real Estate, Iā€™m a jump and figure out how to fly on the way down kind of guy, and Iā€™ve done a pretty good job with my one year of experience, but it has me thinking still because he told me stories of a few guys who went too fast and crashed. Ill always think Iā€™m different than them, but who wouldnā€™t until it was too late? idk if they just did it wrong or if maybe Iā€™m doing it wrong too, or Iā€™m doing it better and smarter and will be fine, or maybe I should just go back to my decent paying job and buy slowly through the banks. I look up to him a lot so I think thatā€™s where my hesitation in myself lays. + +Idk how many people just jumped headfirst and came out the other side clean there are out there, but if youā€™re reading this Iā€™d definitely appreciate any advice you can offer +It has a residential house. I want to make it a business like vacation rental. I wouldn't qualify with my income. Potential partner has the same business with 3 other houses but can't buy this because of the loans on other properties. Ideas? +Hey all, I live in Michigan (with no robust public transportation to our name, a car is particularly vital in the Mitten State) and I'm working on getting my driver's license soon. I'm 23 (a particularly bad driving instructor gave me really bad driving anxiety that I'm only now working through now) and have a decently-paying salaried job ā€” I take home $3,200 a month and as of right now I don't have much in the way of bills. I have a credit score of 700. I don't like having debt of any sort, but paying a car off can help increase my credit score, so I plan on financing with a large down payment as a middle ground, around 50% down. In a few months, I'll have enough money for the down payment I'm thinking of. + +My dream car as of right now is a ruby red Cadillac CTS. I have a vanity plate idea for it and everything. While it may be silly to care about a car down to the color, I want a car I care about and I want it to express myself somewhat. + +My parents and friends, however, say that getting that car is a bad idea, as I'll be paying too much for a \~10-year-old car. I'm not looking to pay much more than $20k on my car and I want to get a car with much less than 100k miles. I've been told that my first car doesn't matter and as long as it runs, I should buy anything. My parents in particular say I shouldn't be spending anywhere near 20k on a 10-year-old car. + +I guess my question is would it be as financially stupid as they're indicating to buy a Cadillac? + +[Here's an idea](https://imgur.com/a/fonDTpN) of mileage and prices I have my eye on. + +While I'd prefer the Cadillac, other cars I'd be happy with are a red early 2010s Camaro and a red Chrysler 300. +US Congress Praises Cryptocurrency and Blockchain Technology + +The US Congress just released its massive joint report on the state of the economy, and for the first time an entire chapter is dedicated to cryptocurrency. +Whatā€™s even more extraordinary are the number of bullish sentiments on the future of the emerging technology like: + +- Blockchain Looks Like the New Internet +- Cryptocurrencies Could Outshine Government Fiat +- Blockchain Is Secure and Efficient +- Blockchain May Transform Many Industries + +Source: +https://dailyhodl.com/2018/03/19/us-congress-releases-extraordinary-report-praising-cryptocurrency-and-blockchain-technology/ + +Pdf: +https://www.congress.gov/115/crpt/hrpt596/CRPT-115hrpt596.pdf +You can't really have it both ways. If you're tempted to take profits when you make some nice gains, say 2x, 5x, or even 10x ... there's no need to look on the past with regret, and wish you got in the early days of cheap Bitcoin, doing the math on how much you would have today. + +There's almost no way you would have that same stack today ... holding past 10x, 100x, 1000x, 10000x .... and beyond. And that's okay. We all have our moons, and taking profits is great. What's the point of being in crypto if not to take profits eventually? But when you do, don't live with regrets. + +And if you can, try to hold past the 2x, 5x, 10x ... one day it's likely people will wish for the good old days of 50k Bitcoin. + +Just imagine the posts in 2030: + +"Man buys Tesla for 1 Bitcoin in 2021 - that Bitcoin is now worth 50 Teslas" + +50k seems like a lot right now, but it may be the new "Bitcoin for 10 cents" in the future. + +TLDR - Take profits if you want/need - hold if you can. And most importantly, don't look back with regrets. +From The Wall Street Journal: + +"Verizon Communications Inc. has agreed to pay $4.8 billion to acquire Yahoo Inc., according to a person familiar with the matter, ending a drawn-out auction process for the beleaguered internet company. + +The price tag, which includes Yahooā€™s core internet business and real estate, is a remarkable fall for the Silicon Valley web pioneer that once had a market capitalization of more than $125 billion at the height of the dot-com boom. + +For Verizon, the deal simply adds another piece to the digital media and advertising business it is trying to build. + +The deal is expected to be announced early Monday. The price was earlier reported by Bloomberg News." + +http://www.wsj.com/articles/verizon-finalizes-4-8-billion-yahoo-deal-1469380974 +&#x200B; + +[SEC announcement of meeting](https://preview.redd.it/hmjpikxdprr61.png?width=824&format=png&auto=webp&s=35c0948559a039034ef832dedbb8eb766761623b) + +Here is the announcement of the SEC meeting happening on 4/8/2021. I think this is going to be a step in the right direction for this situation and we will probably see DTC-2021-005 and DTC-2021-002 being approved by the SEC along side this meeting this week. Just hold tight boys. This meeting has to do with the Sunshine Act. Here is a brief covering of the Sunshine laws: + +&#x200B; + +[Sunshine Laws](https://preview.redd.it/77zuo4xnprr61.png?width=980&format=png&auto=webp&s=9418d4671275fbac6fbb7682a35f6ecc87a625aa) + +I think this bodes well for GME. They are actually going to meet about action tomorrow, we could see some big news coming in the following week. BUY and HODL APES. + +&#x200B; + +TL;DR: + +Buy and Hodl because the SEC is charging up their final swing. +Cryptocurrency exchange Coinbase, which is preparing to trade publicly in the next few months, is being valued at $77 billion, based on trading of the companyā€™s privately held shares on a secondary market. + +Those shares in the largest crypto exchange in the U.S. are changing hands on the Nasdaq Private Market at $303 a piece, according to two people with knowledge of the auction. That implies a total company value of about $77 billion ā€“ greater than Intercontinental Exchange Inc., the owner of the New York Stock Exchange. + +ā€œThe third weekly transaction closed on Friday and the clearing price was $303 a share,ā€ said a source. ā€œThe first week it was 200 bucks a share, the second week it was $301 a share, and the third week it was $303 a share. So you can kind of see price discovery happening.ā€ + +https://www.coindesk.com/coinbase-valuation-nasdaq-private-market +Cryptocurrency exchange Coinbase, which is preparing to trade publicly in the next few months, is being valued at $77 billion, based on trading of the companyā€™s privately held shares on a secondary market. + +Those shares in the largest crypto exchange in the U.S. are changing hands on the Nasdaq Private Market at $303 a piece, according to two people with knowledge of the auction. That implies a total company value of about $77 billion ā€“ greater than Intercontinental Exchange Inc., the owner of the New York Stock Exchange. + +ā€œThe third weekly transaction closed on Friday and the clearing price was $303 a share,ā€ said a source. ā€œThe first week it was 200 bucks a share, the second week it was $301 a share, and the third week it was $303 a share. So you can kind of see price discovery happening.ā€ + +https://www.coindesk.com/coinbase-valuation-nasdaq-private-market +So I ran into this gem of a post in Quora the other day and it made me question the fundamentals of FI: https://www.quora.com/What-should-I-do-during-a-stock-market-crash/answer/Jay-Hauer + +Credit to Jay Hauer on making this post. I do not know if he is correct or not (hence would like an active discussion from the community) but I wanted to put out the major points he put out there. + +>First of all, itā€™s important to understand that the vast majority of the time, crashes come in the context of bear markets. The 1987 crash is one rare exception and occurred during a bull market (note Iā€™m not counting ā€œmini-crashesā€ here, such as 2010, but only true large-scale crashes). + +>Once you understand that crashes virtually always come during bear markets, the next thing you need to understand is that there are two types of bear markets: + +>Cyclical bear markets: These are relatively short-lived bear markets that occur in the context of a much larger bull market. Examples of cyclical bear markets are basically every bear weā€™ve seen since 1982, including the tech crash of 2000, and the 2008 crash during the financial crisis. Cyclical bear markets end on V-bottoms and launch right back into bull markets (most recent example: the 2009 low). + +>Secular bear markets: Secular bear markets are sometimes called ā€œgenerational bear markets.ā€ Secular bear markets can last for many years; even decades. Examples include: 1906ā€“1921; 1937ā€“1949; and the most recent being 1968ā€“1982. **Secular bear markets do not end with V-bottoms, they die on total indifference. By the time a secular bear has run its course, NOBODY wants to own stocks anymore. Stocks are universally perceived to be a horrible investment, so nobody cares when a secular bear ends, and most people donā€™t even notice**. + +>Those of you who own digital watches will immediate realize one important fact: **No one who started trading/investing after 1982 has ever seen a secular bear market.** + +The bold is starting to make me nervous. + +>This is why youā€™re getting advice on this question such as ā€œDonā€™t sell in a crash!ā€ ā€œBe sure to buy the whole way down!ā€ ā€œStocks always come back for the long haul!ā€ This advice is spoken by people who have only lived through cyclical bears, in the context of the much larger secular bull market that began in 1982. And itā€™s really, really dangerous advice. + +I am into panic mode now. + +>Imagine if you took this advice in 1968, and started buying as the market began tanking. **If you ā€œbought the whole way down,ā€ you would be underwater until the 1990ā€™s**. I donā€™t know what sort of time horizon you have, but most people arenā€™t prepared to sit on losses for 20+ years. You could be dead by the time you break even. + +And...I am officially freaking out. + +He then goes on to make other points about timing the market which I have no clue about. I don't know if this guy is an arrogant a** or he comes from a position of experience which merits serious discussion. I think in the concept of a secular bear market is an existential threat to FIRE even if the innovation of technologies, index funds and present day markets have changed the way we hedge for downturns. + +Thoughts? +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# šŸŸ£ [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +>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! + +**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) + +**ā€‹**[**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) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +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 help with user flairs +# Recent Commentary on the Down Economy + +&#x200B; + +* JP Morgan CEO Jamie Dimon now says that [we'll have 'something worse' than a recession](https://www.yahoo.com/video/jamie-dimon-warns-something-worse-130119140.html). +* Meta CEO Mark Zuckerberg says, ā€œIf I had to bet, Iā€™d say that this might be one of the [worst downturns](https://fortune.com/2022/07/01/facebook-warns-staff-not-expect-big-budgets-new-hires-be-prepared-to-work-harder/) that weā€™ve seen in recent history.ā€ +* Galaxy Investment CEO Mike Novogratz says, ["The Economy Is Going to Collapse. We Are Going to Go Into a Really Fast Recession."](https://www.barrons.com/articles/economic-collapse-michael-novogratz-recession-51655502522) +* Tesla and SpaceX CEO Elon Musk, even though he said he has "no further TSLA sales planned," [he just dumped $7 Billion worth more of Tesla stock](https://www.cnbc.com/2022/08/09/elon-musk-sells-7point92-million-tesla-shares-worth-6point88-billion.html). +* Berkshire Hathaway CEO Warren Buffett just saw [Berkshire Hathaway lose $44 Billion in Q2 2022 alone](https://www.business-standard.com/article/international/berkshire-hathaway-posts-43-8-bn-q2-loss-as-stock-holdings-tumble-122080700624_1.html). He is [throwing in the towel](https://www.investors.com/etfs-and-funds/sectors/sp500-warren-buffett-finally-throws-in-the-towel-on-four-lousy-stocks/) on many stocks. +* Goldman Sachs Economists now see [a ā€˜feasible but difficult pathā€™ for the Fed to defeat inflation without a recession](https://www.cnbc.com/2022/08/15/goldman-sees-a-feasible-but-difficult-path-for-the-fed-to-defeat-inflation-without-a-recession.html) + +&#x200B; + +# The Technicals + +2022's first half was the worst half to a stock market year in the last 52 years. This saw the S&P 500 move down from 4,818.62 to 3,636.87. This is a range of 1,181.75. Of this range, an ideal fibonacci retracement (bear market short-term rally) would be 61.8% back up in this range. That takes us 730.32 up from 3,636.87 which gives 4,367.19. Yesterday's high was 4,325.28. This high was within 1% error of the ideal 61.8% Fibonacci retracement. + +Thus, the 50 Week Simple Moving Average of the S&P500, as a further catalyst for resistance, will reject the S&P500 down, thereby allowing for the horrible stock market downturn to continue. + +That said, the first half of 2022 was the worst in 52 years, the third quarter was one of the best, and the fourth quarter may end up being the worst stock market quarter on record. Here is a visual: + +[Weekly Chart](https://finance.yahoo.com/chart/%5EGSPC#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.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.KAjCAoMTIsMjYsUG9pbnRzKSIsInBhcmFtZXRlcnMiOnsiaXNWb2x1bWUiOnRydWUsImNoYXJ0TmFtZSI6ImNoYXJ0IiwicGFuZWxOYW1lIjoi4oCMVm9sIE9zY.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): Both the 50 Week Simple Moving Average and the completed 61.8% Fibonacci Retracement are now serving as the catalyst to resist/reject the S&P500, thereby allowing for the continuation of 2022's worst market downturn of all time + +[The Daily chart](https://finance.yahoo.com/chart/%5EGSPC#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.KAjCAoMTIsMjYsUG9pbnRzKSIsInBvc2l0aW9uIjpudWxsfSwieWF4aXNMSFMiOltdLCJ5YXhpc1JIUyI6WyLigIxWb2wgT3Nj4oCMICgxMiwyNixQb2ludHMpIl19LCLigIxyc2nigIwgKDE0LEMpIjp7InBlcmNlbnQiOjAuMjMzODg1OTE0MzMyNzg0MjIsImRpc3BsYXkiOiLigIxyc2nigIwgKDE0LEMpIiwiY2hhcnROYW1lIjoiY2hhcnQiLCJpbmRleCI6MywieUF4aXMiOnsibmFtZSI6IuKAjHJzaeKAjCAoMTQsQykiLCJwb3NpdGlvbiI6bnVsbH0sInlheGlzTEhTIjpbXSwieWF4aXNSSFMiOlsi4oCMcnNp4oCMICgxNCxDKSJdfX0sInNldFNwYW4iOnt9LCJsaW5lV2lkdGgiOjIsInN0cmlwZWRCYWNrZ3JvdW5kIjp0cnVlLCJldmVudHMiOnRydWUsImNvbG9yIjoiI2I5YmRjNSIsInN0cmlwZWRCYWNrZ3JvdWQiOnRydWUsInJhbmdlIjp7fSwiZXZlbnRNYXAiOnsiY29ycG9yYXRlIjp7ImRpdnMiOnRydWUsInNwbGl0cyI6dHJ1ZX0sInNpZ0RldiI6e319LCJjdXN0b21SYW5nZSI6bnVsbCwic3ltYm9scyI6W3sic3ltYm9sIjoiXkdTUEMiLCJzeW1ib2xPYmplY3QiOnsic3ltYm9sIjoiXkdTUEMiLCJxdW90ZVR5cGUiOiJJTkRFWCIsImV4Y2hhbmdlVGltZVpvbmUiOiJBbWVyaWNhL05ld19Zb3JrIn0sInBlcmlvZGljaXR5IjoxLCJpbnRlcnZhbCI6ImRheSIsInNldFNwYW4iOnt9fV0sIndpZHRoIjozLCJzdHVkaWVzIjp7IuKAjHZvbCB1bmRy4oCMIjp7InR5cGUiOiJ2b2wgdW5kciIsImlucHV0cyI6eyJpZCI6IuKAjHZvbCB1bmRy4oCMIiwiZGlzcGxheSI6IuKAjHZvbCB1bmRy4oCMIn0sIm91dHB1dHMiOnsiVXAgVm9sdW1lIjoiIzAwYjA2MSIsIkRvd24gVm9sdW1lIjoiI2ZmMzMzYSJ9LCJwYW5lbCI6ImNoYXJ0IiwicGFyYW1ldGVycyI6eyJ3aWR0aEZhY3RvciI6MC40NSwiY2hhcnROYW1lIjoiY2hhcnQiLCJwYW5lbE5hbWUiOiJjaGFydCJ9fSwi4oCMbWHigIwgKDUwLEMsbWEsMCkiOnsidHlwZSI6Im1hIiwiaW5wdXRzIjp7IlBlcmlvZCI6NTAsIkZpZWxkIjoiQ2xvc2UiLCJUeXBlIjoic2ltcGxlIiwiT2Zmc2V0IjowLCJpZCI6IuKAjG1h4oCMICg1MCxDLG1hLDApIiwiZGlzcGxheSI6IuKAjG1h4oCMICg1MCxDLG1hLDApIn0sIm91dHB1dHMiOnsiTUEiOiIjYWQ2ZWZmIn0sInBhbmVsIjoiY2hhcnQiLCJwYXJhbWV0ZXJzIjp7ImNoYXJ0TmFtZSI6ImNoYXJ0IiwicGFuZWxOYW1lIjoiY2hhcnQifX0sIuKAjG1h4oCMICgyMDAsQyxtYSwwKSI6eyJ0eXBlIjoibWEiLCJpbnB1dHMiOnsiUGVyaW9kIjoiMjAwIiwiRmllbGQiOiJDbG9zZSIsIlR5cGUiOiJzaW1wbGUiLCJPZmZzZXQiOjAsImlkIjoi4oCMbWHigIwgKDIwMCxDLG1hLDApIiwiZGlzcGxheSI6IuKAjG1h4oCMICgyMDAsQyxtYSwwKSJ9LCJvdXRwdXRzIjp7Ik1BIjoiIzcyZDNmZiJ9LCJwYW5lbCI6ImNoYXJ0IiwicGFyYW1ldGVycyI6eyJjaGFydE5hbWUiOiJjaGFydCIsInBhbmVsTmFtZSI6ImNoYXJ0In19LCLigIxDaGFpa2luIE1G4oCMICgxNykiOnsidHlwZSI6IkNoYWlraW4gTUYiLCJpbnB1dHMiOnsiUGVyaW9kIjoiMTciLCJpZCI6IuKAjENoYWlraW4gTUbigIwgKDE3KSIsImRpc3BsYXkiOiLigIxDaGFpa2luIE1G4oCMICgxNykifSwib3V0cHV0cyI6eyJSZXN1bHQiOiIjMDAwMDAwIn0sInBhbmVsIjoi4oCMQ2hhaWtpbiBNRuKAjCAoMTcpIiwicGFyYW1ldGVycyI6eyJjaGFydE5hbWUiOiJjaGFydCIsInBhbmVsTmFtZSI6IuKAjENoYWlraW4gTUbigIwgKDE3KSJ9fSwi4oCMVm9sIE9zY.KAjCAoMTIsMjYsUG9pbnRzKSI6eyJ0eXBlIjoiVm9sIE9zYyIsImlucHV0cyI6eyJTaG9ydCBDeWNsZSI6MTIsIkxvbmcgQ3ljbGUiOjI2LCJQb2ludHMgT3IgUGVyY2VudCI6IlBvaW50cyIsImlkIjoi4oCMVm9sIE9zY.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--) is just as bad: In this case, the price is rejected by the 200 Day SMA + +&#x200B; + +# 1929-crash-like Margin Deleveraging + +[FINRA Margin Statistics](https://www.finra.org/investors/learn-to-invest/advanced-investing/margin-statistics) has been updated to include July. As expected, we got a slight reprieve in debit balances in customers' margin accounts. Nevertheless, graphing the data and adjusting for the near-record inflation for each data point, we can see that we are still in the worst bubble by value in the history of the stock market. + +Fibonacci of this graph shows that Margin has to collapse up to $370 Billion more from August's expected margin value), depending on the strength and speed of the deleveraging. + +FINRA Margin Totals, Adjusted for Month-by-Month Inflation. Dotcom crash (left bubble), 2008-2009 crash and great recession (middle bubble) and the current bubble (right). Fibonacci retracement values are listed for 61.8% and 78.6% of each deleveraging period. One can observe that the bottom of margin deleveraging bottoms within that range, depending on the strength and speed of the unwinding. (61.8% seems to correspond to slow and weak, and 78.6% seems to correspond to fast and strong). The data shows that the market will continue to deleverage and crash + +&#x200B; + +# TLDR: + +Unfortunately, summer is ending. The short-term rally has expired, as technicals show three problems for the stock market: 1: A perfect rejection off the S&P500's 50 week Simple Moving Average, 2. The 61.8% retracement already happened, and 3. A perfect rejection off the S&P500's 200 day Simple Moving Average. In a 1929-like scenario, total margin (and adjusted for inflation) shows that we are still in the largest margin bubble of all time. Fibonacci levels on the inflation-adjusted FINRA margin data show that the market has to still undergo up to $370 Billion of deleveraging. Therefore, I am hereby predicting that the fall and winter months of 2022 will be some of the worst months in stock market history. Leading market strategists such as Dimon, Zuckerberg, Musk, Novogratz, and even Warren Buffett concur, and some say that 2023 will be a Depression. Will 2022's crash lead us into 'the greatest depression,' and do you think Warren Buffett will die \[either because of or\] during this crash/depression? Please provide your thoughts and comments below. +Had a few requests to make this a post so I'll compile and add here. + +Here's [Goldman, BNY Mellon and Citadel dancing together](https://www.reddit.com/r/Superstonk/comments/q50q3j/was_bny_mellon_taken_over_by_goldman_from_the/) + + +Here's a [Goldman/Citadel related defunct exchange trading $GME puts](https://www.reddit.com/r/Superstonk/comments/pauf6x/found_connection_between_todays_movement_and/) + +That exchange [lit up again, spoofing](https://reddit.com/r/Superstonk/comments/qc26b2/spoofing_right_around_cs_buy_time/) + +Citadel has [a direct connection with EDGX](https://www.reddit.com/r/Superstonk/comments/ox93kt/citadels_connection_with_cboe_global_markets_and/) where that originated from. + +Citadel has been fined for spoofing before, [It's why they were kicked out of China for 5 years](https://www.ft.com/content/16cee174-3b7f-11ea-b232-000f4477fbca) + +> Citadelā€™s hedge fund and separate market-making business specialise in algorithmic trading, which came under fire from regulators during a stock market rout in China in 2015. The markets regulatorĀ suspended a trading accountĀ operated in Shanghai by Citadel Securities in August of that year. The regulator thenĀ launched an investigationĀ into ā€œmalicious short sellingā€ in Chinaā€™s equity futures market, closing 24 trading accounts that had allegedly ā€œinfluenced securities prices or investor decisionsā€. + +> ***The regulator at the time expressed concerns over ā€œspoofingā€, in which investors place a buy or sell order but withdraw it before the transaction is done in order to manipulate prices.*** It alsoĀ criticised algorithmic tradingĀ for intensifying market swings during the rout, which eventually sliced off more than Rmb24tn from Chinaā€™s total market capitalisation. Other analysts said the more likely culprit for the sell-off was an official clampdown on margin lending, where investors borrow money from brokerages to buy stocks. + +Note: Citadel was using algorithms to spoof and to make the market super volatile. + +> Citadelā€™s hedge fund and separate market-making business specialise in algorithmic trading, which came under fire from regulators during a stock market rout in China in 2015. The markets regulatorĀ suspended a trading accountĀ operated in Shanghai by Citadel Securities in August of that year. The regulator thenĀ launched an investigationĀ into ā€œmalicious short sellingā€ in Chinaā€™s equity futures market, closing 24 trading accounts that had allegedly ā€œinfluenced securities prices or investor decisionsā€. + +> [The regulator at the time expressed concerns over ā€œspoofingā€, in which investors place a buy or sell order but withdraw it before the transaction is done in order to manipulate prices. It alsoĀ criticised algorithmic tradingĀ for intensifying market swings during the rout, which eventually sliced off more than Rmb24tn from Chinaā€™s total market capitalisation. Other analysts said the more likely culprit for the sell-off was an official clampdown on margin lending, where investors borrow money from brokerages to buy stocks.](https://www.ft.com/content/16cee174-3b7f-11ea-b232-000f4477fbca) + + +Here's a *different* defunct [Goldman and Citadel exchange popping up to do wash trades](https://www.reddit.com/r/Superstonk/comments/psl6cj/drctedge_exchange_owned_by_citadel_goldman_sachs/) + +It is known that [BNY Mellon turns a blind eye to this behavior](https://i.redd.it/4rsmlzn90vu71.jpg) + +Here's how Citadel and Co are [internalizing retail orders like Madoff](https://www.reddit.com/r/Superstonk/comments/q67qrl/is_citadel_really_is_trying_to_madoff_20_with/) which led to FTDs from internalizing orders (see page [35 of SEC report](https://www.sec.gov/news/press-release/2021-212) ) + +Here's [Citadel telling you they internalized the hell out of that day](https://mobile.twitter.com/citsecurities/status/1442629361958637568) + +&nbsp; + +Goldman Sachs is [the clearing broker for Citadel](https://www.reddit.com/gallery/meov7p) "and in that capacity may have custody of funds or securities of Citadel Securities LLC" + +&nbsp; + + Citadel got so big... [by buying Goldman's DMM business after it merged with another.](https://www.prnewswire.com/news-releases/citadel-securities-reaches-preliminary-agreement-to-acquire-dmm-unit-from-imc-301149075.html) + +> Citadel Securities, a leading global market maker, today announced that it has reached a preliminary agreement to acquire IMC's Designated Market Making (DMM) business on the floor of the New York Stock Exchange (NYSE). + +> IMC has been a DMM on the NYSE since 2014, when it acquired Goldman Sachs' DMM business. Since 2014, IMC has expanded its market making operations with an increased focus on ETFS and options and has also increased its U.S. operations almost two-fold to nearly 400 people in support of its trading operations growth. The sale of the DMM business at this time, which represents a small portion of its overall U.S. operations, is consistent with IMC's growth strategy. IMC is committed to growing its ETF and options business, as evidenced by its ongoing performance as a Lead Market Maker in over 150 ETFs and a Lead Market Maker in over 500 Options classes, as well as registered market maker in all products it trades.Ā Ā  + + +&nbsp; + +Oh and ***guess who was giving loans to Robinhood in January*** Aka you can't fulfill the DTCC margin call so come up with something else like PCO + +> [Robinhoodā€™s lenders include JPMorgan Chase & Co. and Goldman Sachs Group Inc., according toĀ dataĀ compiled by Bloomberg.](https://www.bloomberg.com/news/articles/2021-01-28/robinhood-is-said-to-draw-on-credit-lines-from-banks-amid-tumult) + + +JPMorgan and Goldman are [prime brokers for Melvin who started the shit in January.](https://www.reddit.com/gallery/qcgfwm) + + Right [before the PCO day](https://www.wsj.com/articles/citadel-point72-to-invest-2-75-billion-into-melvin-capital-management-11611604340) + +Now go [reread this conversation with that context](https://i.imgur.com/CFw37Im.png) + +What exactly were Goldman and Citadel doing [with this company](https://imgur.com/a/VDeKsIv) + +&nbsp; + +*** + +Now on to Archegos. + + [Goldman, Morgan Stanley Sued Again Over Archegos-Tied Sales](https://www.bloomberg.com/news/articles/2021-10-21/goldman-morgan-stanley-are-sued-again-over-archegos-tied-sales) + +> Goldman Sachs Group Inc.Ā andĀ Morgan StanleyĀ were sued by shareholders of a Chinese online-education company that accused the banking giants of trading on inside information when unloading the stock they held forĀ Archegos Capital Management. + +Melvin and Citadel underwriters *at it again.* + +&nbsp; + +Credit Suisse were [hiding 540k GME puts](https://www.reddit.com/gallery/otzu3e) in Brazil via [BNY Mellon.](https://imgur.com/U1smdwe.jpg) [(Archegos anyone?)](https://www.credit-suisse.com/articles/media-releases/2021/07/en/archegos.html) *(Goldman and Morgan Stanley šŸ˜† at you)* + + +You can see [their website here](https://servicosfinanceiros.bnymellon.com/AppPages/investimentfunds/funds.aspx) + +One of those Credit Suisse funds disappeared in the last 4 weeks and now they get [fined for corruption huh?](https://www.sec.gov/news/press-release/2021-213) + + +The ones that Bloomberg said ["are just a bug and have been addressed"](https://www.reddit.com/r/Superstonk/comments/oxv148/brazilian_puts_bloomberg_says_they_were_a_bug_and/) + +Suddenly a [Brazilian bank has a ton of puts?](https://www.reddit.com/r/Superstonk/comments/otn94a/can_anyone_explain_the_over_one_million_put/) Surely a big coincidence. + +The other Brazilian company hiding puts [BNY Mellon also is administrator of](https://imgur.com/Hl1MFPm.jpg) like the assholes have a 'get out of reporting by hiding in Brazil' service for a fee. + + +And it's known BNY Mellon hides shit from their books and reporting. + +> An SEC investigation found that BNY Mellon deviated from regulatory capital rules by excluding from its calculations approximately $14 billion in collateralized loan obligation assets that the firm consolidated onto its balance sheet in 2010.Ā  + +> [BNY Mellon never obtained Federal Reserve Board approval as required under regulatory capital rules to exclude the assets from its calculations.Ā  Due to the miscalculations and the firmā€™s lack of internal accounting controls to ensure its financial statements were being prepared properly, BNY Mellon understated its risk-weighted assets and overstated certain risk-based capital ratios in quarterly and annual reports from the third quarter of 2010 to the first quarter of 2014.](https://www.sec.gov/news/pressrelease/2017-9.html) + + +&nbsp; + +I think [Pablo might know something](https://www.citadel.com/leadership/pablo-salame/) as he + +> is Head of Global Credit at Citadel, responsible for leading the firmā€™s developed and emerging market credit strategies and convertible arbitrage activities. He also serves on Citadelā€™s Portfolio Committee. + +> Prior to joining Citadel in 2019, Pablo worked at Goldman Sachs for more than 22 years, most recently serving as Co-Head of the Securities Division for 10 years. His previous roles include Head of European Equities Trading, Co-Head of Global Credit, and Global Co-Head of Emerging Market Debt. He began his career working for Citicorp. + +[This guy too](https://www.bnymellonwealth.com/profiles/leadership/avi-shua.jsp) who's puts are those huh? + +> Avi Shua is the Managing Director and Chief Information Officer for BNY Mellon Wealth Management. In this role, he is responsible for technology strategy and implementation for the Global Wealth Management business.Ā Ā  Avi is also a member of the BNY Mellon Technology Executive Committee, as well as the Wealth Management leadership team. + +> Avi joined the firm in 2018 and has more than 27 years of industry experience in the financial services sector. Prior to joining the firm, ***Avi served as Global Head of Private Wealth Management Technology for Goldman, Sachs & Co.Ā  During his tenure at Goldman, Sachs, Avi held senior roles in the investment, merchant banking, asset management and commercial banking technology organizations.*** + +&nbsp; + +And *all of that* doesn't even touch on [BNY owning Dreyfus](https://en.wikipedia.org/wiki/Dreyfus_Corporation) and the implications of that. + +Because [they do](https://www.prnewswire.com/news-releases/bny-mellon-investment-management-to-rebrand-dreyfus-300804822.html) + +&nbsp; + +And it's publicly known these specific banks *were skirting the line with VAR as is.* So one single boom from a client like Melvin really could have started a ripple to Citadel, who they also are custodians for and now are liable for both bags of shit. *Did they force Citadel to give Melvin cash?* + +> Of the eight US global systemically important banks (G-Sibs), Morgan Stanley and Bank of America have been operating closest to their value-at-risk estimates over the first quarter of the year. Banks must disclose their three largest trading losses each quarter as a percentage of VAR. + +> [The largest losses-to-VAR ratio at Morgan Stanley was 90.73%, the highest of the US G-Sibs. Bank of America was close behind, with a ratio of 89.42%. BNY Mellon posted the third-largest trading loss of the group](https://www.risk.net/risk-quantum/7836081/morgan-stanley-bank-of-america-push-var-limits-the-most) + + +Other than that one company that keeps randomly not being able to pay costumers, keep lights on, or keep services up. + +&nbsp; + +And that's *really not good* when [Citadel is 7 of the 8 FICC CCIT members](https://i.redd.it/qcsfdlq0by471.png) (how, who the hell knows) and BNY Mellon is their clearing bank for triparty transactions. [(Which is what the FICC CCIT is)](https://www.dtcc.com/clearing-services/ficc-gov/centrally-cleared-institutional-triparty) (the only other triparty clearing bank being JPMorgan) + +Now tell me again why [Citadel was at this meeting?](https://news.bloomberglaw.com/securities-law/china-wall-street-meeting-focused-on-transparency-stability) + +> The three-hour meeting of the China-U.S. Financial Roundtable on Thursday included the head of the Peopleā€™s Bank of China, and executives fromĀ Goldman Sachs Group Inc.,Ā CitadelĀ and other Wall Street powerhouses, according to people familiar with the talks, who asked not be named because the meeting was private. + +Could it be [BNY Mellon exposed them to this debt](https://www.bloomberg.com/news/articles/2021-04-13/bny-mellon-opens-4-trillion-repo-niche-to-holders-of-china-debt) as they are 7 of the 8 members. + +&nbsp; + +Aka the Evergrande and 4 other biggest real estate firms in China are *really not good* for the US triparty system (US treasuries). + +Here's [Evergrande, Sinic and Modern land](https://www.washingtonpost.com/world/asia_pacific/china-evergrande-debt-property/2021/10/12/403d48ca-2b1a-11ec-b17d-985c186de338_story.html) warning of issues + +Here's [China properties Group defaulting](https://asia.nikkei.com/Business/Markets/China-debt-crunch/China-Properties-defaults-on-notes-worth-226m) + +And [Sinic defaulting](https://www.bloomberg.com/news/articles/2021-10-20/chinese-developer-sinic-defaults-as-evergrande-contagion-spreads) + +And [Fantasia Holdings, a China princeling defaulting](https://www.bloomberg.com/news/articles/2021-10-21/princeling-s-surprise-default-roils-global-investors-in-china) + + +&nbsp; + +This also doesn't even start down the discussion of [every time Ken Griffin's plane starts flying, huge crypto transactions follow](https://reddit.com/r/Superstonk/comments/qcwnlz/mayo_force_update_for_october_21_interesting/) + +&nbsp; + + +I also want to point you to an old lawsuit [where Citadel was just not closing out FTDs,](https://www.reddit.com/gallery/qd1wme) sound familiar? + +And a [second Citadel lawsuit](https://www.reddit.com/gallery/qd27v5) where they just *don't report short positions, and cover their tracks by marking a few longs as short...* +Hi. I am trying to understand the logic behind wheeling stocks which we don't mind owning in the long term. But I am having a hard time comprehending the profitability of the same strategy. +Let us say stock X is trading at 100 USD. I start the wheel by selling a 80 $ Put. If the stock stays flat or goes up, I make money. No issues. But let us say stock dips to 70 $ due to unforeseen circumstances. Now my put is at a loss. ok but now I will be buying X at 70 USD. So now i own the shares. +Now I start selling call options. 90 $ call. But let us say the stock goes down to 40 $. My call option made money. Good. Now I have to sell a 55 $ Call. If the stock shoots up to 60 $ now, my call option will be at a loss. Also if I sell the stocks, that will also be at a loss. Please correct me if I am wrong. Is it still worth it or is there some mistake in my point? + +I have a Feb call option with a strike of 10$ that I bought for 1.5 and is now trading for 11 and the stock price is now around $20. I have about 900$ profit in this option. Iā€™m thinking of exercising the option so I can own the stock. My understanding is that I just have to pay $100 to get the 100 shares at the $10 strike (900+100=1000$). Is my thinking correct? Iā€™m wondering cuz every video on YouTube telling you not to exercise the call options, so just want to check if someone here can advise? Thanks!! +Say i want to sell the 18th november $9 put for MPW, costing $0.33 (MPW is a reit i already own and want to buy more of). MPW trades at around $13 rn, why is it cheaper to buy the $9 strike than say the $12 strike? Wouldnā€™t that just mean you are unlikely to get assigned and you just collect the premium and the option expires worthless? What iā€™m asking is, is writing cash secured puts that are way below current price extremely risky or what? +I was reading about popular theta gang strategies [over here](https://einvestingforbeginners.com/theta-gang-strategies/) and I think that most (maybe all of the options strategies) that I've been using on Olive correspond with theta gang strats, but wanted to check here with the OGs. + +I've been letting the platform auto-close the trades based on its parameters and with the recent rally have gotten \~4% returns on the capital invested over 2-3 weeks. Is that fairly typical for these kinds of strategies? + +Put Credit Spread on $PYPL + +https://preview.redd.it/85evw6fqmjg91.png?width=1836&format=png&auto=webp&s=3572155895a75b6dc5ed29298b01593e11241c81 + +Call Credit Spread on $AMZN + +https://preview.redd.it/r04bbucimjg91.png?width=1830&format=png&auto=webp&s=91ee55117b6a4318fc7b02e4aa7e74c205144d92 + +Start of The Wheel (sold puts) on $BLDR + +https://preview.redd.it/u3vw20wvmjg91.png?width=1840&format=png&auto=webp&s=1f0e23543f47d19821c4cd1250daebdad9076daf +I've lost track of how many times I've seen someone post on this sub that they don't buy options (i.e. "ThetaGang only sells bro"). While I'm sure the majority of those posts are just tongue-in-cheek responses, I'm curious to see what is the typical approach you guys take to your option selling. Please log your selection in the poll below. + +[View Poll](https://www.reddit.com/poll/zpvd86) +https://www.google.com/amp/s/www.forbes.com/sites/shaharziv/2021/03/26/robinhood-trader-may-face-800000-tax-bill/amp/ + + +Hey newbie here, started trading in March. Had some decent gains with CSPs and CCs. I usually do one stock every week, usually Apple. Stumbled upon this article. I do realize I have to pay taxes on capital gains but holy sh*t. Is there any way I can fuck up and end up like this guy? I imagine he must've done a hundred trades per day or something +**A week ago we were just a couple of retards trying to make a quick bag.** Then the hedge funds started playing dirty ā€“ they exploited our order flows, they attacked us with short ladders, they blitzed the media against us so hard *even my mom* was saying fuck the degens on reddit. And today, they de-platformed the average investor and literally removed his ability to trade. + +But now I feel that something has fundamentally changed. People are joining purely to take a stand against being screwed over for millennia. + +Just look at the recent posts. You've got people who've never even owned a single stock going balls deep into GME just to make a statement. Think about that. **You've got regular working class people willing and happy to lose their hard-earned money just to take a stand.** Last week I was worried the shorts would get off easy buying back shares from holders trying to lock in life-changing profits. Now, half of the apes aren't even here to make money anymore. **We're diamond hands šŸ’ŽšŸ¤šin this bitch just because we're tired of getting dicked.** + +Webull, Fidelity, TDA and supposedly even Robinhood have already re-established trading for GME. Tomorrow there are millions worth of options expiring so far ITM the 7-elevens in NYC are running out of lube. And guess what. The long, 12 inch dick šŸ† of the people is a straight up **chode**. + +**tldr;** GME to Uranus šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸŖ + +Edit: at dinner tonight my mom said she changed her mind and is rooting for us retards after the shit robinhood pulled. The tides are turning brothers šŸ¦šŸ¦šŸ¦ +Iā€™m 19, going to College for my bachelors in Economics. Iā€™m working at a small pizza joint as an assistant manager making okay money but I only work 25-30 hours a week due to school. + +Right now I have essentially convinced myself to INVEST, INVEST, and oh yea... INVEST. I live with my parents and since iā€™m going to school they pay mostly everything for me, all but gas. + +Every time I am about to buy anything, if itā€™s Mcdonaldā€™s, chips, or a PS5, I convince myself that I would look back in 10 years and know that it was a waist of money. + +Currently I have a Roth IRA GO acc with Fidelity that is 20% of my portfolio, then about 5% in Crypto and the other 75% is in individual stock like $TSLA, $LMND, $APPL, $Z, $SQ, and more. + +I decided to have my portfolio set up like this because I wanted to be extremely aggressive, not to mention this dip helped me buy in at prices that are impossible to buy up. + +My question is this; Should I re-arrange my portfolio for a safer option? What are your thoughts and thanks for any help / constructive criticism! +Thought best to ask the question here, the frugal bunch we are šŸ˜. + +I am thinking of getting air conditioning installed, I now WFH and come summer know this will be a god send. + +Looking around an average size unit can be installed for around Ā£1500. WFH the last year I have saved about Ā£1700 in fuel, lunches etc so it's a luxury I think I can justify. + +Has anyone got air conditioning installed, is there anything I should know/be aware of before hand? +So Iā€™ve noticed a strong trend developing of people asking quite legitimate questions of BTCs future and that of wider crypto, only to be met back with half baked platitudes, that those of us in the community have heard many times before. Despite this, there are some serious questions that the BTC community need to consider. Iā€™ve detailed below a series of real life (not technical) issues that face BTC. If anyone can respond to them with genuine logical responses then please do so. If you feel compelled to reply with something like, ā€˜this is fudā€™ or ā€˜your comment is a buy signalā€™ or ā€˜we have seen this all beforeā€™ then just pop your self back in the poorly informed box from which you came. + +1. This time ā€˜isā€™ different. BTC has never witnessed a macro economic environment like this before. This is a fact. BTC performed as a ā€˜risk on assetā€™ only and is strongly correlated with the likes of the NSDQ. In an environment that may see major indexes like the S&P, Dow, NSDQ fail to return ATH across a 10/15yr period, what would this mean for BTC? + +2. The ā€˜institutionsā€™ are not coming. BTC took 10yrs to attract a comparatively slight level of institutional interest. Following significant issues around ESG compliance, repeated frauds and scams ala Tera and FTX etc as well as a lack of regulation, it is likely that institutions will struggle to regain any foothold within the space ever again. + +3. ā€˜We have seen this all before, Mt Gox etcā€™ No we havenā€™t. Never before has so much been lost by so many, in an environment that was already being lined up as a target by regulators. The core argument here being that the actions of a few ā€˜cryptoā€™ bros have likely damaged the space so irrevocably that the coming regulation is likely to be punitive in the extreme. For retail it is highly likely that regulators will seek to control all on and off ramps making it near impossible to own or realise any gains. For institutions it is likely that the regulation will be designed to limit / prevent adoption. There will be no ETF, ever. + +4. Energy usage is an issue regardless of the facts of environmental impact. The energy price is not stabilising and is highly unlikely to do so under the current geopolitical conditions. This is now leading to a declining hash rate. This combined with little price action will lead to stagnation. + +5. Whatā€™s the narrative? As much as the maxis believe in the BTC gospel of freedoms and pharmaceutical grade money (I count my self within this) the only thing that has brought new people to the space is price speculation. With the above being true and the potential for little positive price action across a significant timeframe, what is the narrative that would bring new people to this space? +So what is everyone saving for? When is enough savings enough? When should you treat your self with some of your savings and what % should you take out? +Is housing good investments? What else is a good investment? +Just pondering my thoughts and I donā€™t know what Iā€™m saving for. +So Iā€™ve noticed a ton of you crayon eating degenerates posting CLOV yoloā€™s and positions. I understand a majority of this sub has learning disabilities but I still canā€™t wrap my head around why you guys like this stock. Their financials are pretty terrible, their product is pretty bad and other than Chamath thereā€™s pretty much no institutions bag holding this stock. Is it just a GME/AMC type thing where you guys are buying for no reason other than the name? + +Genuinely wondering how people rationalize holding CLOV. +https://fortune.com/2022/05/14/baby-formula-shortage-milk-monopoly-fda/ + +A baby formula shortage gripping the U.S. since March has parents in a panic over where and when theyā€™ll be able to find the products they need to feed their kids. The out-of-stock rate, representing the amount of formula thatā€™s not in stock compared to whatā€™s typically available, was 43% for the week ending May 8, according to Datasembly, a provider of real-time product data for retailers and consumer packaged goods (CPG) brands. With no easy end in sight, caregivers nationwide have been forced to devote their free time to driving between stores in search of formula, prompting retailers to limit the number of cans customers can buy. Others have turned to Facebook groups and informal support networks to acquire the nutritional products that work best for their kids. ā€œI've looked online, I have my mom in Boston looking, my mother-in-law in Florida looking,ā€ Elyssa Schmier previously told Fortune about her trouble finding formula for her 8-month-old son. ā€œEveryone we know is looking for us and no one can find it.ā€ + +How did a baby formula crisis spring up in one of the worldā€™s richest countries? Experts say a recall by one of the industryā€™s largest manufacturers, persistent supply-chain issues, and a market dominated by only a few players have combined to form what one consumer goods expert calls a ā€œperfect stormā€ affecting the supply of essential formula to millions of babies across the U.S. And the shortage could last for months. + +Hereā€™s how we got here. The baby formula market exists as a shared monopoly, with only a few manufacturers controlling nearly all supply. Abbott had an approximately 43% market share a decade ago, according to a USDA report from 2011 ā€” the most recent number available. Little has changed since then. The company still maintains exclusive provider contracts in many states with WIC, the USDAā€™s supplemental nutrition program for low-income families, which makes up nearly half of formula sales nationwide. A few other manufacturers, including Mead-Johnson and NestlĆ©, also have WIC contracts and control the rest of the market. In addition to its highly concentrated structure, the baby formula market is difficult for another reason. Its demand is set by the nationā€™s birth rate, and the market has been shrinking for years. The number of births has declined every year since 2008, except for 2014, according to the U.S. Census Bureau. With only a few key players whose capacities are tied to a shrinking market, repercussions are inevitable when anything gets in the way of a certain product getting to store shelves. Other manufacturers are bound to struggle with an influx of new demand from consumers who canā€™t get what theyā€™d typically buy. ā€œThe dilemma [manufacturers] have is that it's not a very lucrative market,ā€ says Patrick Penfield, a professor of supply chain management at Syracuse University. ā€œThe only way you can grow your market share is if youā€™re aggressively going after competition.ā€ Because Abbott is one of the biggest players in the game already, significantly expanding its share is not really an option. ā€œIf you can't grow your market share, then you look at how you can reduce costs,ā€ says Penfield. ā€œAnd sometimes when you reduce the costs, you may not have the right protocols or procedures in place to make sure that you're doing things properly.ā€ ā€œIā€™m not saying that's what Abbott Laboratories did,ā€ he cautions. ā€œBut that would be an assumption of mine.ā€ + +Abbott is not the only entity possibly at fault. ā€œThere's plenty of blame to go around here,ā€ says Scott Faber, a professor at Georgetown Universityā€™s law center and vice president of government affairs at Environmental Working Group, a nonprofit aimed at empowering consumers. Faber sees the FDA itself as in part responsible for the shortage. The agency, he says, did not react fast enough to the whistleblower report and should have conducted a plant inspection sooner. ā€œWhen a drunk driver causes a car crash, the drunk driver bears much of the blame, but so does the bartender who looked the other way while serving one too many drinks,ā€ he says. When submitting the report for the record last month, Rep. Rosa DeLauro (D-Conn.) wrote: ā€œI am equally concerned that the FDA reacted far too slowly to this report. The report was submitted to the FDA on Oct. 20, 2021. The FDA did not interview the whistleblower until late December 2021. According to news reports, FDA did not inspect the plant in person until Jan. 31, 2022, and the recall was not issued until Feb. 17, 2022.ā€ The agency did not finish its inspection and issue observations to Abbott until March 18. The company says that it has been working since then to update its education and training protocols as well as its cleaning and maintenance procedures. ā€œThe FDA would not have shut down that factory if they didnā€™t find anything. So there's definitely some type of noncompliance that's going on,ā€ Penfield says. Now the FDA is working to catch up to a crisis that seems to have been unfolding in slow motion for months. +&#x200B; + +šŸ“· + +**Tonix Pharmaceuticals:** + +Ticker: TNXP + +Target Sector: Health/Biotech + +Management: + +CEO-Seth Lederman. Prior to founding Tonix he had founded a prior company, Targent Pharmaceuticals which was acquired by Spectrum Pharmaceuticals. This company had developed late-stage oncology drugs such as levoleucovorin which was marketed as *Fusiliv* for advanced colorectal cancer which gained significant market acceptance. + +Chief Medical Officer-Gregory Sullivan; specializes in the diagnosis, treatment, and neurobiology of anxiety and mood disorders, including ptsd(One of the major focuses of the company) + +Chief Financial Officer-Bradley Sanger; 10 years of experience in publicly traded companies such as Shire Pharmaceuticals before working at Tonix. + +Chief Operating Officer-Jessica Morris; over 10 years of experience in investing and finance at both private and publicly traded companies. Worked at American Capital, a publicly traded equity firm and global asset manager. + +Executive Vice President-Herbet Harris; has decades of experience in drug discovery and development at companies such as Merck and Jazz Pharmaceuticals amongst many others. + +**Market Cap: 424.967 M** + +Pipeline: + +šŸ“· + +Recent News: + +70M$ common stock offerings at a price of $1.20 as of Feb. 8-9 + +If interested any earlier press releases can be found on their website: [https://ir.tonixpharma.com/news-press-releases](https://ir.tonixpharma.com/news-press-releases) + +Personal Opinion: + +This company has in the past been a large player in the industry with a price of $42,000 per share at its height, but this would be naive to assume such a price in the future. What this does prove however is their experience in the industry and how well they were viewed. Much of the management team currently remains from that time and they are experienced both in their field of development as well as with the stock market. As such they are likely to cater to their investors alongside providing news on any developments. Their pipelines provide ample information into their developments and give a large variety of potential vaccines/drugs for the market. I would consider this a longterm hold but can serve as a good short term swing as many analysts give the stock a target price of 3$. +Hello everyone, + +I'm pretty new to Dividends, and pretty new to investing in general (started not even a year ago, own about a handful of Stocks, nothing crazy) I understand divs and how they work, I just want to see if I have a realistic goal. + +What's a realistic yearly income on Dividends? + +I recently turned 29, I work in the Architecture field, I make decent money and can invest around $500/month. + +Is it possible to own enough div stocks in 10 years time to make a livable amount on dividends yearly so I can quit my job? Lol + +The only Div stocks I own right now are MFA and DAL. + +Couple of other safe ones I've been looking at are SPG & WMT. +Why? Well, once the world sees a vote count that is far and above the total number of outstanding shares, the number of participants in the squeeze as well as the floor will be significantly magnified. I believe this for two reasons: + +1. Massive hidden short interest will reignite public FOMO, jacking up the price as buying pressure increases. No surprise there, but it is very very likely. + +2. More importantly, this reveal gives us the one piece of concrete data that weā€™ve been chasing this whole time: minimum short interest. It will be the ā€œminimumā€ number because we are seeing not every ape can vote (international restrictions etc) and not every shareholder bothers to vote. Mystery GONE. Diamond hands? No, diamond hearts, diamond minds, diamond fucking apes. This is the one piece of information that completely solidifies the resolve of any ape that was even remotely uncertain. A high enough number means we KNOW that thereā€™s enough of us holding for a $20M floor. + +Most of us know the short interest is through the roof, while technically unconfirmed we are convinced this is true and even without the actual number I believe in my heart that my fellow apes have the resolve to hold to $20M. Now weā€™d be armed with a hard number? Well you can increase the number of people holding to a higher number than they likely would have, and you can increase the floor while youā€™re at it. + +The DTCC, SHFs, Citadel, whoever the hell is keeping the price suppressed would be absolutely insane to arm us with that holy grail of a number, and to let that tidbit slip out into the public before this goes down. No dates, but it would be a catastrophic mistake to let this get to the meeting on 6/9 or this wonā€™t be a simple nuke, this will be a goddamn new heavy bombardment. + +Edit: my apologies, floor has been moved to $20M, mustā€™ve missed the memo. +Back in 2016 / 2017 there was massive discontent with bitcoins slow block times, small block sizes and expensive transaction fees. People promoted "fee-lees" coins, big block forks and labeled bitcoin a dead project. Here we are 5 years later and bitcoin is still king with lightning network making it more useful than any high transaction volume shitcoin. + +Today there is massive discontent with bitcoins lack of smart contracts, lack of turing complete programmability and seemingly no path to building web3 Dapps and DAOs on bitcoin. People are promoting a plethora of smart contract shitcoins and labeling bitcoin dead boomer technology. In 5 years from now bitcoin will still be king with 3rd layer scripting solutions making it more useful, more secure and more scalable than any of todays smart contract platforms. + +Patience is a virtue in crypto. +# Hey my beloved apettes and apes! + +Following you'll find a summary of a few key facts as I understand them, please review them and let me know if there's any misunderstanding on my side. Because I value your time I'll keep it as concise as I can. + +* The float is sold out [multiple times](https://www.reddit.com/r/Superstonk/comments/mwskkv/retail_easily_owns_100300_of_the_remaining_float/) over, right? +* GME ist [hard to borrow](https://www.interactivebrokers.com/en/index.php?key=gme&_page_id=4587&cntry=usa&tag=&ib_entity=&ln=&asset=&f=4587&conf=am&amref=1), right? +* OTC-lit market HFT trading does nothing to the price because of [NBBO](https://www.reddit.com/r/Superstonk/comments/nhtg1p/the_nbbo_best_price_is_only_determined_by_round/), right? + +So it's very likely, that the only way for them to supress the price is to keep creating more predatory synthetic stock dilution. This cost them the required options to marry the puts and calls but as the resulting counterfeit shares are fake, it's not affecting the SI - who would they pay it to anyway? By using the cheapest available options for those counterfeits, the cost drain might also not be that massive compared to their liquidity. + +So the main problem for them is to keep enough collateral - IF they are reporting the ammount of counterfeits correctly. But why should they? I'm sure they found loopholes there so they keep the true ammount of fake shares secret. + +Assuming all that, what could any blooper, news or anything other than a forced buy-in do to make them cover the shorts? Nothing! Instead, [creating all this hype over a CNBC blooper can be very damaging to our cause](https://www.reddit.com/r/Superstonk/comments/nrjcpo/media_theorist_here_lets_talk_about_how_to_talk/) by driving awareness, clicks and revenue to MSM outlets and distract from our goal. Hence I implore you: STOP POSTING MSM CONTENT!! NOTHING THEY DO WILL AID US!! + +Although there are signs that the hedgies are struggling more and more to keep lid on the kettle, we do not have any robust reason to believe the MOASS is going to start anytime soon - except it is forced. So what could force the big squeeze? + +[We like the stock](https://preview.redd.it/1pp8ln7qxf371.jpg?width=400&format=pjpg&auto=webp&s=a37eee3cb6991f489a0ced614e9470c1a09baff5) + +* Share recount + * Initiative by the stock issuer themselves - RC could order it if possible. + * Not sure if there is a legal way to force this. I really doubt it because hundreds of other firms would have tried something like that before they got liquidated after being shorted to death. + * But maybe that's why every vote counts - if the result exceeds the issued shares by enough, there might be a way. +* NFT dividend + * Initiative by the stock issuer themselves - RC could order it as soon as possible. + * As this is a very nice mechanic and GameStop is uniquely good prepared with their NFT project, this might be the silver bullet. + * Overstock paved the way legally. +* DTC-005 + * Initiative by the clearing houses. DTCC is owned by the banks and hedgies they clear so they are not incentivised to be pro retail at all. + * This would require them to mark lent shares, in theory making predatory synthetic stock dilution impossible. I mean, who would mark stocks improperly? + * It might be that this is only for future shorts. In my opinion it's unlikely that they go after already existing fake shares with this because this would possibly blow up their FTD warehouse. + +So the most powerful trigger might be the dividend. Executing this might be complicate though, depending on how the digital currency works. Maybe some kind of account suffices, maybe there's a lot of additional work to do to couple it with international retail shareholders. + +In any case, please do not fall for hype narratives that are not grounded on logic. It might be an angle to try to emotionally exhaust us - even though that didn't exactly work in the mast six months, did it? + +So please, fellow apettes and apes, let me know: + +* Where are my errors in reasoning? +* Did I overlook any key facts? +* Should we expand on some points? + +**TL-DR:** Please do not focus your hype on MSM smoke screens, keep your eyes on the target. Shorts won't cover until they are forced to and a NFT dividend could be the most powerful way to do so. + +Edit: Thanks for the awards and kind words! šŸ„° +LOL this is a fucking joke. I submitted my DRS on 9/24 and was told a week, then 2 weeks, then 2 business weeks, then 3 weeks, then '100% it will for sure be done by 10/15'. + +Welp, nothing was sent to computershare. I also submitted an asset transfer request on 10/13 and last night I saw that it was cancelled. No email, no notification... nothing. When I asked the etrade rep why they said they don't know. + + +How is a brokerage able to get away with this shit? + + + +EDIT: CALLED FIDELITY AND THEY DONT KNOW WHAT GOING ON. SAID I NEED TO TALK TO A SPECIFIC TEAM THAT IS ONLY OPEN MON-FRI. THEY WILL CALL ME ON MONDAY TO DISCUSS. +I see this opinion bandied around a lot, including under the recent [Martin Lewis article](https://www.mirror.co.uk/money/martin-lewis-slams-damaging-dangerous-22383628). This makes me quite annoyed. They're not, and they're not in the worst possible way - implementing a graduate tax via optional student loans is the most outrageously regressive way of taxing graduates possible. + +- If you're from wealth, you may have little or no student loan to begin with. Even as you come down into higher income middle class households, who start losing access to maintenance loans (but may still struggle to afford university), they will therefore also necessarily have a smaller loan than lower income households. +- If you graduate into a high-paying job, you will pay off your loan more quickly and thus pay significantly less/less interest. + +Ultimately, the people most hurt by this tax are those that required the most government support to go to university (and got the least out of it). Calling this a graduate tax is to make a mockery of what a graduate tax is or could be. + +I'm very fortunate that I graduated into a high enough income that I will repay my loan in 12 years making only minimum payments. If I earned 15k less, I would repay my loan in 22 years *and pay Ā£10k more in interest*. By all rights, I should be one of the highest levied in a graduate tax system, but I'm not, and I know that some in my graduation cohort are earning less now but never took a loan and so don't pay a dime in so-called "graduate tax". + +The Mirror article linked at the top claims that "only" 17% are in a position as fortunate as I am (that's about 1 in 5, so hardly some small percentile). Importantly, that means the other 80% are paying 9% of their income over threshold for longer and accumulating significantly more interest - more than their fair share! If this is a graduate tax, why are lower income graduates paying for higher income ones? + +Because it's _not_ a graduate tax. It's a loan, just like it says on the tin, and the only things going for it are that it's available to all, won't kick in if you don't earn enough, and disappears after 30 years of paying the outrageous interest rate. It's actually just another kick in the teeth to lower-income families and individuals. + +EDIT: Thanks all for the discussion. It's still not a graduate tax and it's still damaging to treat it as one. Those who start paying off their interest do pay more than those whose debt is written off, but this is generally the part of the loan system that works more "fairly". However, beyond this point the "tax" is extremely regressive. And it hasn't taken away from the fact that a lucky few never need to enter the rotten deal to begin with, paying significantly less while arguably being in the best position to pay in the first place! +So I recently wanted to buy some US stocks, all my assets were in my CAD account & CAD investments. + +So normally, what people have said is sell your CAD investments and move $ over to your USD account and pay 2.5% interest, if you move it back it is another 2.5% interest. + +Here is a tip, letā€™s say you have a Canadian asset that also trades on the US market, log into the TD app, use the contact button, & tell the good people at TD you want to switch your Canadian asset for the US equivalent (if available) - they can do it for you and the cost is $9.99 versus the massive amount of conversion fees it would cost you. + +Please note your shares but be already settled (2 days after purchase). + +The transfer is instant and then you can sell on the US side and buy anything you want and save 1000s in fees. + +Then you can buy a US share, find the equivalent on the Canadian side & do the same thing if you want to bring your money back to Canada. + +Please note if the stock is trading on OTC the TD broker will help you sell it but again it is only 9.99 not the $45 they normally charge as OTC shares canā€™t be sold by yourself + +Hope that was helpful! + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. 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: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. 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We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +# Welcome to the /r/Bitcoin Sticky FAQ + +You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments. + +It all started with the release of **[Satoshi Nakamoto's whitepaper](https://bitcoin.org/bitcoin.pdf)** however that will probably go over the head of most readers so we recommend the following articles/books/videos as a good starting point for understanding how bitcoin works and a little about its long term potential: + +* [Article: The Bullish Case for Bitcoin](https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1) +* [Book: The Bitcoin Standard](https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861) +* [Video 1: Introduction to Bitcoin - Andreas Antonopoulos](https://www.youtube.com/watch?v=l1si5ZWLgy0&list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj&index=2&t=1s) +* [Video 2: The Stories We Tell About Money - Andreas Antonopoulos](https://youtu.be/ONvg9SbauMg?t=1) +* [Video 3: The Trust Machine](https://www.youtube.com/watch?v=ZKwqNgG-Sv4) +* [Video 4: Bitcoin 101 - Balaji Srinivasan](https://www.youtube.com/watch?v=JIxwTx7o_B4&feature=youtu.be&t=0s) + + +Some other great resources include [Lopp.net](http://lopp.net/bitcoin.html), Gigi's [resource page](https://bitcoin-resources.com/#bitcoin-non-technical), and James D'Angelo's [Bitcoin 101 Blackboard series](https://www.youtube.com/watch?v=Bhe61JaNFLU&list=PLzctEq7iZD-7-DgJM604zsndMapn9ff6q&index=7&t=0s). + +Some excellent writing on Bitcoin's value proposition and future can be found at the [Satoshi Nakamoto Institute](http://nakamotoinstitute.org/mempool/). + +Some Bitcoin statistics can be found [here](https://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&r=week&t=a), [here](https://bitcoinvisuals.com/) and [here](https://bitcoin.clarkmoody.com/dashboard/). Developer resources can be found [here](https://developer.bitcoin.org/). Peer-reviewed research papers can be found [here](https://docs.google.com/spreadsheets/d/1VaWhbAj7hWNdiE73P-W-wrl5a0WNgzjofmZXe0Rh5sg), also course lectures from the [Princeton crypto series](https://www.reddit.com/r/Bitcoin/comments/7qynvj/dont_panic_just_learn_sixty_free_lectures_from/). + +Potential upcoming protocol improvements and scaling resources [here](http://diyhpl.us/wiki/transcripts/2018-01-24-rusty-russell-future-bitcoin-tech-directions/) and [here](https://www.reddit.com/r/Bitcoin/comments/56nnd8/the_scaling_bitcoin_website_is_awesome_videos/). + +The number of times Bitcoin was declared dead by the media can be found [here](https://99bitcoins.com/obituary-stats) (LOL!) + +## Key properties of Bitcoin + +* **Limited Supply** - There will only ever be 21,000,000 bitcoin created and they are issued in a predictable fashion, you can view the inflation schedule [here](https://bashco.github.io/Bitcoin_Monetary_Inflation/). Once they are all issued Bitcoin will be truly deflationary. The halving countdown can be found [here](http://bitcoinblockhalf.com/). +* **Open source** - Bitcoin code is fully auditable. You can read the source code yourself [here](https://github.com/bitcoin/bitcoin). +* **Accountable** - The public ledger is transparent, all transactions are [seen by everyone](https://blockstream.info/). +* **Decentralized** - Bitcoin is globally distributed across thousands of nodes with no single point of failure and as such can't be shut down similar to how [Bittorrent](https://en.wikipedia.org/wiki/BitTorrent) works. You can even [run a node on a Raspberry Pi](https://getumbrel.com/). +* **Censorship resistant** - No one can prevent you from interacting with the bitcoin network and no one can censor, alter or block transactions that they disagree with, see [Operation Chokepoint](https://en.wikipedia.org/wiki/Operation_Choke_Point). +* **Push system** - There are [no chargebacks](https://gendal.me/2013/10/21/lessons-from-bitcoin-push-versus-pull/) in bitcoin because only the person who owns the address where the bitcoin resides has the authority to move them. +* **Low fee scaling** - Fees are chosen by the sender - you can choose your own fee. An appropriate fee for an on-chain transaction depends on network demand and how much priority you wish to assign to the transaction. Most wallets calculate on chain fees automatically but you can view fee estimates [here](https://bitcoinfees.earn.com/) and mempool activity [here](https://jochen-hoenicke.de/queue/#0,2w). On chain fees may rise occasionally due to network demand, however instant micropayments that do not require confirmations are happening via the [Lightning Network](https://www.reddit.com/r/Bitcoin/comments/7pwna9/lightning_network_megathread/), a second layer scaling solution currently rolling out on the Bitcoin mainnet. +* **Borderless** - No country can stop it from going in/out, even in areas currently unserved by traditional banking as the ledger is [globally distributed](https://bitnodes.earn.com/). +* **Trustless** - Bitcoin solved the [Byzantine's Generals Problem](https://en.wikipedia.org/wiki/Byzantine_fault_tolerance) which means nobody needs to trust anybody for it to work. +* **Pseudonymous** - No need to [expose personal information](http://bitcoinsimplified.org/learn-more/anonymity/) when purchasing with cash or transacting. +* **Secure** - Blocks and transactions are cryptographically secured (using hashes and signatures) and canā€™t be [brute forced](http://i.imgur.com/fYFBsqp.jpg) or confiscated with proper key management such as hardware wallets. +* **Programmable** - Individual units of bitcoin can be [programmed to transfer](https://en.bitcoin.it/wiki/Script) based on certain criteria being met +* **Nearly instant** - From a few seconds on the lightning network to a [few minutes](https://www.blockchain.com/charts/median-confirmation-time) on-chain depending on need for confirmations. Transactions are irreversible by normal users after one confirmation and irreversible by anyone (including miners) after 6 confirmations. +* **Peer-to-peer** - No intermediaries taking a cut, no need for [trusted third parties](https://nakamotoinstitute.org/trusted-third-parties/). +* **Portable** - Bitcoin are digital so they are easier to move than cash or gold. They can be transported by simply carrying a seed (a string of 12 to 24 words) on a device or [by memorizing it for wallet recovery](https://en.bitcoin.it/wiki/Brainwallet) (while cool, memorizing is generally not recommended due to potential for forgetting the seed and the potential for insecure key generation by inexperienced users. Hardware wallets are the preferred method for most users for their ease of use and additional security). +* **Scalable** - While the protocol is still being optimized for [increased transaction capacity](https://en.bitcoin.it/wiki/Scalability), blockchains do not scale very well, so most transaction volume is expected to occur on Layer 2 networks built on top of Bitcoin. +* **Divisible** - Each bitcoin can be [divided down to 8 decimals](https://en.bitcoin.it/wiki/Satoshi_(unit\)), which means you don't have to worry about buying an entire bitcoin. +* **Designed Money** - Bitcoin was created to fit all the [fundamental properties of money](http://i.imgur.com/wkTyyaV.png) better than gold or fiat + +## Where can I buy bitcoin? + +[Bitcoin.org](https://bitcoin.org/en/buy) and [BuyBitcoinWorldwide.com](https://www.buybitcoinworldwide.com/) are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the [bitcoinity exchange resources](https://data.bitcoinity.org/markets/exchanges/USD/30d) for a larger list of options for purchases. + +* [Cash app](https://cash.app/help/us/en-us/1016-bitcoin) +* [Gemini](https://gemini.com/) +* [Swan](https://www.swanbitcoin.com/) +* [River Financial](https://river.com/) +* [Bitstamp](https://www.bitstamp.net/) +* [BitFinex](https://www.bitfinex.com/) +* [Xapo](https://xapo.com/) +* [Kraken](https://www.kraken.com/) +* [Cex](https://cex.io/) +* [LocalBitcoins](https://localbitcoins.com/) +* [LibertyX](https://libertyx.com/) +* [P2P exchange list](https://github.com/cointastical/P2P-Trading-Exchanges/) (decentralized) + +[Here](http://coinatmradar.com/) is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use [Bitwage](https://www.bitwage.com/). + +**Note:** Bitcoin are valued at whatever [market price](https://cryptowat.ch/bitstamp/btcusd) people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. + +## Securing your bitcoin + +With bitcoin you can **"Be your own bank"** and personally secure your bitcoin **OR** you can use third party companies aka **"Bitcoin banks"** which will hold the bitcoin for you. + +* If you prefer to **"Be your own bank"** and have direct control over your coins without having to use a trusted third party, then you will need to create your own wallet and keep it secure. If you want easy and secure storage without having to learn computer security best practices, then a hardware wallet such as the [Trezor](https://www.bitcointrezor.com/), [Ledger](https://www.ledgerwallet.com/) or [ColdCard](https://coldcardwallet.com/) is recommended. Alternatively there are many software wallet options to choose from [here](https://bitcoin.org/en/choose-your-wallet) depending on your use case. + +* If you prefer to let third party **"Bitcoin banks"** manage your coins, try [Gemini](https://gemini.com/) but be aware you may not be in control of your private keys in which case you would have to ask permission to access your funds and be exposed to third party risk. There is a saying in the community, **"Not your keys, not your coins"** meaning if you don't store your coins in a wallet that you control the keys to then you do not really own your bitcoin as you have to ask permission from the third party in order to move them. + +**Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!** + +2FA requires a second confirmation code or a physical security key to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes. + +Google Auth | Authy | OTP Auth | andOTP +--------------|--------|------------|-------- +[Android](https://play.google.com/store/apps/details?id=com.google.android.apps.authenticator2) | [Android](https://play.google.com/store/apps/details?id=com.authy.authy&hl=en) | N/A | [Android](https://play.google.com/store/apps/details?id=org.shadowice.flocke.andotp) +[iOS](https://itunes.apple.com/us/app/google-authenticator/id388497605?mt=8) | [iOS](https://itunes.apple.com/us/app/authy/id494168017) | [iOS](https://apps.apple.com/us/app/otp-auth/id659877384) | N/A + +Physical security keys (FIDO U2F) offer stronger security than Google Auth / Authy and other TOTP-based apps, because the secret code never leaves the device and it uses bi-directional authentication so it prevents phishing. If you lose the device though, you could lose access to your account, so always use 2 or more security keys with a given account so you have backups. See [Yubikey](https://yubikey.com/) or [Titan](https://cloud.google.com/titan-security-key) to purchase security keys. + +Both Coinbase and Gemini support physical security keys. + + +## Watch out for scams + +As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. As they say in our community, **"Don't trust, verify"**. + +* Avoid using ad-based search engines like Google or Yahoo: ads are shown based on how much the advertiser bids, and scammers can easily outbid legitimate providers for ad space, since immoral ways of earning money are far more lucrative than moral ways. Use [DuckDuckGo](https://duckduckgo.com/) instead, which has no ads, and never tracks you as well. +* Ignore private messages offering services. +* Never enter your seed words in a website of any kind. Hardware wallets will recover by displaying possible seed words on their own interface, never on a website. +* Avoid clicking on links like that look like links, such as [https://www.google.com/](https://www.youtube.com/watch?v=8ybW48rKBME), without first hovering over it and actually checking where they go to. Just because a link is labelled with an HTTPS address does not mean it actually sends you to that address. It is trivial for someone to comment a link on Reddit that looks like it will send you to one website when it actually sends you to another, and you might not notice the difference until a scammer has gotten all your money, or you have downloaded and installed software that steals your money. + +## Where can I spend bitcoin? + +Check out [spendabit](https://spendabit.co/) or [bitcoin directory](http://bitcoin.directory/shop) for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the [CashApp card](https://cash.app/help/us/en-us/3080-cash-card-get-started) or [Fold card](https://foldapp.com/). Some other useful site are listed below. + +Store | Product +---|--- +[Gyft](http://www.gyft.com/) | Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc. +[Spendabit](https://spendabit.co/), [Overstock](http://www.overstock.com/) and [The Bitcoin Directory](http://bitcoin.directory/) | Retail shopping with millions of results +[NewEgg](http://www.newegg.com/) and [Dell](http://www.dell.com/) | For all your electronics needs +[Coinbills](http://coinbills.com/), [Piixpay](https://piixpay.com), [Bitbill.eu](https://bitbill.eu), [Bylls](https://bylls.com), [Coins.ph](https://coins.ph), [Bitrefill](https://bitrefill.com), [LivingRoomofSatoshi](https://www.livingroomofsatoshi.com), [Coinsfer](https://coinsfer.com/), and [more](https://plusbitcoin.net/bitcoin-debit-card/) | Bill payment +[Menufy](https://www.menufy.com/) and [Takeaway](http://corporate.takeaway.com/) | Takeout delivered to your door +[Expedia](http://www.expedia.com/), [Cheapair](http://www.cheapair.com/), [Destinia](http://destinia.us/), [Abitsky](http://www.abitsky.com/), [SkyTours](http://www.sky-tours.com/), the [Travel](https://www.gyft.com/buy-gift-cards/category/travel/) category on Gyft and [9flats](http://www.9flats.com/) | For when you need to get away +[Cryptostorm](https://cryptostorm.is), [Mullvad](https://mullvad.net), and [PIA](https://www.privateinternetaccess.com/) | VPN services +[Namecheap](https://www.namecheap.com/), [Porkbun](https://porkbun.com/) | Domain name registration +[Stampnik](https://stampnik.com) | Discounted USPS Priority, Express, First-Class mail postage +[Coinmap](http://coinmap.org/) and [AirBitz](https://airbitz.co/search?term=&location=Current+Location) are helpful to find local businesses accepting bitcoin. A good resource for UK residents is at [wheretospendbitcoins.co.uk](http://www.wheretospendbitcoins.co.uk). + +There are also [lots of charities](https://www.reddit.com/r/changetip/wiki/suggestions) which accept bitcoin donations. + +## Merchant Resources + +There are several benefits to accepting bitcoin as a payment option if you are a merchant; + +* 1-3% savings over credit cards or PayPal. +* No chargebacks (final settlement in 10 minutes as opposed to 3+ months). +* Accept business from a global customer base. +* Increased privacy. +* Convert 100% of the sale to the currency of your choice for deposit to your account, or choose to keep a percentage of the sale in bitcoin if you wish to begin accumulating it. + +If you are interested in accepting bitcoin as a payment method, there are several options available; + +* [BTCPay](https://btcpayserver.org/) +* [Square cash](https://cash.me/) +* [Stripe](https://stripe.com/bitcoin) +* [Wyre](https://www.sendwyre.com/business/) +* [Blockonomics](https://www.blockonomics.co/merchants#) (direct to your wallet) + +## Can I mine bitcoin? + +Mining bitcoin can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to [folding at home](http://folding.stanford.edu/). If you want to learn more about mining you can read more [here](https://en.bitcoin.it/wiki/Faq#Mining). Still have mining questions? The crew at /r/BitcoinMining would be happy to help you out. + +If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can [run a full node](https://getumbrel.com/). You can view the global node distribution [here](https://getaddr.bitnodes.io/). + +## Earning bitcoin + +Just like any other form of money, you can also earn bitcoin by being paid to do a job. + +Site | Description +---|--- +[WorkingForBitcoins](https://workingforbitcoins.com), [Bitwage](https://www.bitwage.com/for-individuals/), [Cryptogrind](http://www.cryptogrind.com/#!/), [Coinality](https://coinality.com/), [Bitgigs](http://bitgigs.com/), [/r/Jobs4Bitcoins](http://www.reddit.com/r/Jobs4Bitcoins), [BitforTip](http://www.bitfortip.com/), [Rein Project](http://reinproject.org/) | Freelancing +[Lolli](https://www.lolli.com/) | Earn bitcoin when you shop online! +[OpenBazaar](https://openbazaar.org/), [Purse.io](https://purse.io/shop), [Bitify](https://bitify.com/), [/r/Bitmarket](http://www.reddit.com/r/BitMarket) | Marketplaces +[/r/GirlsGoneBitcoin](http://www.reddit.com/r/GirlsGoneBitcoin) NSFW | Adult services +[A-ads](https://a-ads.com/), [Coinzilla.io](https://coinzilla.io/) | Advertising + +You can also earn bitcoin by participating as a market maker on [JoinMarket](https://github.com/chris-belcher/joinmarket) by allowing users to perform CoinJoin transactions with your bitcoin for a small fee (requires you to already have some bitcoin). + +## Bitcoin-Related Projects + +The following is a **short** list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space. + +Project | Description +---|--- +[Lightning Network](https://lightning.engineering/index.html)| Second layer scaling +[Liquid](https://blockstream.com/liquid/), [Rootstock](https://www.rsk.co/) and [Drivechain](http://www.truthcoin.info/blog/drivechain/) | Sidechains +[Hivemind](http://bitcoinhivemind.com) | Prediction markets +[Tierion](https://tierion.com) and [Factom](http://factom.org/) | Records & Titles on the blockchain +[BitMarkets](https://voluntary.net/bitmarkets/), [DropZone](https://github.com/17Q4MX2hmktmpuUKHFuoRmS5MfB5XPbhod/dropzone), [Beaver](https://eprint.iacr.org/2016/464.pdf) and [Open Bazaar](https://openbazaar.org/) | Decentralized markets +[JoinMarket](https://github.com/chris-belcher/joinmarket) and [Wasabi Wallet](https://github.com/zkSNACKs/WalletWasabi) | CoinJoin implementation +[Decentralized exhanges](https://github.com/cointastical/P2P-Trading-Exchanges/) | Decentralized bitcoin exchanges +[Keybase](https://keybase.io/) | Identity & Reputation management +[Abra](https://www.goabra.com/) | Global P2P money transmitter network +[Bitcore](http://bitcore.io/) | Open source Bitcoin javascript library + +## Bitcoin Units + +One Bitcoin is quite large (hundreds of Ā£/$/ā‚¬) so people often deal in smaller units. The most common subunits are listed below: + +Unit | Symbol | Value | Info +---|:---:|---|--- +bitcoin | BTC | 1 bitcoin | one bitcoin is equal to 100 million satoshis +millibitcoin | mBTC | 1,000 per bitcoin | used as default unit in recent Electrum wallet releases +bit | bit | 1,000,000 per bitcoin | colloquial "slang" term for microbitcoin (Ī¼BTC) +satoshi | sat | 100,000,000 per bitcoin | smallest unit in bitcoin, named after the inventor + +For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal: + +* 0.001 BTC +* 1 mBTC +* 1,000 bits +* 100k sats + +For more information check out the [Bitcoin units wiki](https://www.reddit.com/r/BitcoinWiki/wiki/bitcoin_units). + +--- + +**Still have questions?** Feel free to ask in the comments below or stick around for our weekly [Mentor Monday](https://www.reddit.com/r/Bitcoin/search/?q=title%3A%22mentor+monday%22&sort=new&restrict_sr=on&t=all) thread. If you decide to post a question in /r/Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. + +**Note:** This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can [edit it here](https://www.reddit.com/r/BitcoinWiki/wiki/rbitcoin_sticky) and it will be included in the next revision pending approval. + +**Welcome to the Bitcoin community and the new decentralized economy!** +So Iā€™ve had this hypothesis for a while now, and Iā€™m almost certain it is whatā€™s happening. Obviously I donā€™t have all the data in front of me and I only have the observed data, but I can infer that essentially Tesla every few months will undergone an ā€œinfinityā€ call gamma squeeze that will keep pumping the stock up. Thereā€™s been some talk on Twitter about this if you just like search TSLA gamma, squeeze, etc. so Iā€™m not the only one to observe this. + +If you are familiar with the famous Volkswagen squeeze, itā€™s similar, but the key difference is instead of it being a short term squeeze, this one seems to be a more drawn out squeeze that occurs every few months. So the reason itā€™s notable is that Tesla holds some interesting characteristics. First, itā€™s call skew in options sometimes is MUCH HIGHER than its put skew. This is unique. Very rarely do you see companies where the call skew is much higher than itā€™s put skew. Option demand is usually on the downside for protection for big funds, but in Tesla, the majority of the option buying are OTM, upside calls. Next, Tesla at times can trade option deltas greater than share delta, which means options have a huge weight on price movement. In order to properly hedge options flow delta, a market maker would have to move the stock quite a bit. Furthermore, Tesla has a decent amount of shorts, despite being a successful stock (successful is defined as in the price move). Finally, Tesla has a ton of retail interest and despite being a 1000+ dollar stock, it has a ton of retail call options buying too. These make for a lethal combination to basically squeeze it to ā€œinfinityā€ with little resistance. Anyways, this leads me to what I think whatā€™s happening with Tesla. Itā€™s actually quite simple to understand (more so if you understand terms like delta and gamma). + +Hereā€™s what happens. Someone starts by buying way OTM calls > force market makers to buy stock to hedge calls initially, which moves it only a bit up > release some good news > force algos who trade news to buy stock > the original OTM calls are now closer to ATM > due to gamma, market makers have to buy more stock > after seeing the initial move, now retail is piling into calls too due to FOMO > shorts are buying back stock and buying calls to hedge too > causes market makers to now desperately buy more stock to hedge > cycle repeats > stock price goes to infinity. + +Obviously this doesnā€™t work if you donā€™t have good news to release but Elon always does. This doesnā€™t work if no retail help you buy more calls, but everyone here will FOMO. Just go to wsb and check out the posts. This doesnā€™t work if there werenā€™t so many shorts in Tesla but there always will be who have to manage risk. This doesnā€™t work if some big find offloads Tesla shares as it goes up, but most are holding, including Elon. This doesnā€™t work if SPY tanks either due to beta, but SPY just goes up too on average. + +And hereā€™s the kicker. Once the calls expire, the stock price wonā€™t drop since it erases all downside gamma. Then you repeat this every few months. This is how you can get a stock easily to infinity actually. + +Now whoā€™s the initial call buyers? No idea. It could even be Elon himself or someone related. This is what Porsche did with Volkswagen to cause the squeeze. Porsche loaded up on the calls first and then released their ā€œnewsā€ (which was they locked up the float). The way Elon is taunting the shorts and SEC could mean he knows whatā€™s happening too. The thing is, since all the initial person is doing is buying calls, heā€™s not doing anything bad. Itā€™s not his fault that people then FOMO, market makes them rush to delta hedge, and shorts continue the call buying + share covering. The initial call buys may have started the chain, but the rest is set in motion by everyone else. + +Anyways, this means you actually canā€™t short Tesla. Itā€™s just strictly -EV to do so. I bet you if you take a graph of SPY and Tesla side by side, on almost all days in which Tesla actually dropped, SPY probably dropped that day too. But there were days in which SPY probably barely went up but a Tesla shot up a ton (like today). So if you short Tesla, you would be strictly better off shorting SPY. Shorting Tesla also means paying a much higher IV in put options too and having more upside risk in short shares. The other way a short can win on Tesla is some bad news, but can you really time that greater than the times you keep buying puts? + +So yea thatā€™s basically the story of Tesla. This stock can literally go to 2000 with no fundamental change. As long as the call buying keeps happening, this stock will chug along to infinity. + +Hereā€™s my post a few months ago talking about this so Iā€™ve been thinking about this for a while: https://www.reddit.com/r/wallstreetbets/comments/g3g63c/tesla_options_activity/fnr3j1d/?context=3 + +I just wanted to give a more formal post. As I also mentioned, this is just a hypothesis, but thereā€™s a ton of evidence supporting this, and itā€™s talked about my others too. You can google like TSLA convexity squeeze on YouTube and someone made a video about it. Iā€™m just adding more details to provide color. + +EDIT: This is just a hypothesis, so nothing set in stone. I can only infer things from the data. My tldr is if you are thinking about shorting Tesla, it's probably not a good relative short vs another name or vs SPY/IWM. I would not recommend buying puts, selling naked calls, or outright shorting stock. That doesn't mean you can't win shorting Tesla, but your EV on the return is probably not as high as other shorts over the Long Run. You need to time it incredibly well, and it's very hard to do. For example, during a SPY selloff, Tesla can drop a lot, but can you time the next SPY selloff? You are also paying a ridiculous IV for the puts, much higher than other names. If you do want to short and really have this urge to do so, pick a specific known event like say the earnings later this month and short it then. For the record, I'm not long Tesla (I am long other big tech though), but I'm merely trying to explain a hypothesis. Also saying "don't buy puts" is not the same as saying "buy calls", so keep they in mind. I'm not advocating to just keep buying calls either with the high IV. But saying "don't buy puts" or "don't short naked calls" is a "trade" in itself since saving money means you can use that on other trades. + +EDIT: Iā€™m gonna add one more edit because of the last comment. This dude on Twitter literally copy and pasted my original post. + +https://www.reddit.com/r/wallstreetbets/comments/hq11ao/what_are_your_moves_tomorrow_july_13_2020/fxwedwz/?context=3 + +I explained this already on wsb and commented below but Iā€™ll just type it here since people donā€™t read my comments below, given the latest post. Thatā€™s why Iā€™m actually able to answer all the questions and expand on my post in the comments section below whereas the guy on Twitter probably knows nothing about options and just steals and plagiarizes posts. Iā€™m not happy about this and it makes me not wanna post helpful things going forward like I have in my post history. The guy who copied this word for word is actually a scumbag who actually wants you to believe heā€™s some trading wizard you should follow on Twitter. +EDIT - wow can I just thank thank you?!? For all the lovely people and honest, genuine advice! I really do appreciate it, any information is a blessing as I am very fresh to this. Thank you all so much! ā˜ŗļø + +Hi all!! + +I have just officially paid off Ā£1,700 that I owed on a 30% apr credit card. Feels great! + +It has made me so anxious the last year or so. I pay my car off this month on PCP and then I will own that. + +I still live at home with my parents but they want me moved out by the end of the year (Iā€™m 21). I have around Ā£1,300 in a help to buy isa currently. + +What should I do?? Should I close the credit card? I feel it causes more harm than good. Iā€™m just so lost and feel like I donā€™t even know where to start!! +Recently Iā€™ve noticed a lot of folks defending payment for order flow, so wanted to take a moment to dispel some misinformation. + +First, please consider where you heard about PFOF being a good thing for retail. Was it from Robinhood? They make around Ā¾ of their revenue from PFOF. Was it from TastyTrade? TastyWorks is paid an average of $0.50 per contract in PFOF. Brokers who use PFOF have a clear motive to tell you it is in your best interest. The fact is that if MMs were providing a service with PFOF, they would be paid per order by brokers, not paying brokers per order. Your order flow is the service, and MMs are paying for it. + +ā€œMy order will be executing at the NBBO (national best bid or offer) or better with PFOF, right?ā€ + +Yes, that is true. But it is almost never better than the price your order would execute on the exchange. Counterparties with significantly better prices will often come out of the woodwork when you submit an order to an exchange, even if they did not wish to have a displayed bid or offer. For example, IBKR SMART routing will search for hidden liquidity within the bid-ask spread, so marketable orders will often fill at significantly better than NBBO. You may be saving dollars per contract on average over PFOF if your contracts have wide bid-ask spreads. Limit orders on relatively low volume contracts with wide spreads routinely fill at midpoint within milliseconds to seconds when submitted directly to exchanges. + +ā€œBut how will my broker know the best place to send my order?ā€ + +While brokers who use PFOF will often argue that finding and routing orders to the exchange with the NBBO is logistically difficult, this information is actually widely available. For options, itā€™s aggregated and disseminated by the Options Price Reporting Authority (OPRA), all in one place and easily/cheaply available. If your broker cannot manage to route an order to the exchange with the best listed price, you need a new broker. + +ā€œBut I always use limit orders.ā€ + +It feels good to receive what you think to be an acceptable price for your order, but unfortunately you likely were not receiving as good of a deal as you believe if your broker uses PFOF. If your order fills, it is most likely that the true price of the option changed by the time it executed. This would mean you were still buying at/near the ask or selling at/near the bid. Limit orders under PFOF are essentially market orders that take longer to fill, or may not fill at all. While resting limit orders on the lit exchange do not guarantee a different result, it at least gives you a better shot at a fair execution. It means more fills, faster, when youā€™re setting a limit order (and sometimes even fills at better than your limit within the spread). This can lead to dollars better executions per contract, if you compare your execution price to what the option ā€œtrulyā€ is worth. + +Now on to the meat of the issue: Why are the market makers paying for PFOF? + +Retail traders are what MMs call ā€œdumb money.ā€ That means the MMs get to make basically the full bid-ask spread on these executions, with much less risk than trading against high frequency traders/hedge funds (who usually are more informed and pose more of a risk to trade against). With so much of the ā€œdumb moneyā€ trades being handled off-exchange today, the trades hitting the lit exchanges are more often these riskier trades for the market makers. Greater risk necessitates widening of the bid-ask spreads on the lit exchanges. And what does a wider bid-ask spread on the exchange do for PFOF? It allows them to execute your trades at even worse prices, and still call it ā€œprice improvement.ā€ + +PFOF is hurting us all, even those who do not use it. It is hard to avoid at this point in the US unless you use a select few brokers, but please stay informed. If deciding between PFOF and $1 commission on contracts with a 0.02 spread, it doesnā€™t really matter. If the spread is 0.05, trust it does. + +Further reading: + +https://www.sec.gov/comments/s7-02-10/s70210-334.pdf + +https://www.tradersmagazine.com/xtra/payment-for-order-flow-is-undeniable-conflict-of-interest/ + +TL;DR: When given the option to pay a small commission or accept PFOF, consider wisely. +Back October when we had that slight downturn, everyone thought that was the crash. At that time, I predicted VOO to be at $420 by Christmas. We blew past that. Now we had the recent downturn where "this is it". Again, we are hitting all time highs. + +Stop coming here and stating the doom with the gloom. Dollar-cost average and stop worrying about the market. You're wearing yourself out for nothing. +Hi everyone + +I've been a long-term lurker of this subreddit and always enjoyed reading about other people's stories and journeys to get inspiration and lessons from. So I thought I would share my own journey so far. Always keen for advice and suggestions! Let me know if you have any questions or want to know more! + +I also thought this might provide a slightly different perspective as a (relatively young) millennial professional working as a lawyer in a high cost of living city in Sydney, Australia taking the *slow and steady* route to FIRE. + +No life-changing windfalls from crypro-currency, the share market or property here unfortunately... + +# About me + +* 28 male, single +* Lawyer +* Living in a HCOL area in Sydney, Australia +* Net worth = $333k AUD (\~250k USD) +* Savings rate = 44% this year + +# Slow and steady + +If I had to give this chapter of my life a title, it would probably be "*Slow and steady*" - looking back, it's been surprising how consistent and steady my net worth has been tracking since starting full-time work despite all the other changes personally and in the world with: + +* the pandemic hitting in 2020 - despite the initial drop in the markets and the uncertainty with the lockdowns and working from home, I think I've been lucky so far with work continuing and life in Australia being relatively less affected than other parts of the world; +* I've had modest promotions and pay rises in my role including a change of job - but it appears this has been offset with lifestyle creep and additional expenses like moving out and getting my own place; +* being a late convert to FIRE. I've always lived a reasonably frugal lifestyle with a view to the future and preferred to spend more on experiences rather than chasing fads and material possessions. It was only in 2019 that I discovered that there was a whole community of like-minded people who had a name for this mind-set and a much more developed plan for financial independence! Until then, most of my savings was just sitting in high-interest saving accounts with no clear plan. + +# Net worth + +Below is a graph that shows how my NW has grown and how my allocation of assets has changed over time. I am still waiting for that exponential growth... + +[Graph of Net Worth](https://i.imgur.com/Q7oLT7P.png) + +I only started tracking numbers regularly in the second half of 2019 after discovering FIRE but have managed to back-track the previous numbers from looking at my records. + +2015 = **-20k** (Finished Uni with a negative net worth due to student loan debt. I did some part-time work over this time at Uni as a tutor and a paralegal which helped.) + +2016 = **-6k** (Started my first full-time job as a Graduate Lawyer) + +2017 = **30k** (Continued working as a Lawyer with some modest pay rises) + +2018 = **80k** (Moved out of the family house and rented my own place) + +2019 = **140k** (Changed jobs with a corresponding pay rise) + +2020 = **230k** (Weathered through the pandemic and bought my own place) + +2021 = **333k** (Hit milestone of a third of a million!) + +# Current allocation of assets + +Below is a pie chart that shows my current allocation of assets. + +[Chart of Current Allocation](https://i.imgur.com/TGwftyB.png) + +Bank Account = **3%** (I've kept a few months of living expenses in my bank account as a fund just in case.) + +Savings Account = **0%** (With interest rates so low at the moment, I've moved all my money out of my previous high-interest saving accounts.) + +Shares = **37%** (I historically hadn't kept too much money in shares as I've been cautious about the historic highs of the market but am looking to put more money into index funds moving forward, having been burned losing a few months' salary with a few speculative plays into tech stocks following the exuberance of Tesla and Gamestop shares recently. + +Retirement Account = **18%** (Australia has a compulsory superannuation retirement system where they force employers to put 9.5%, now 10%, of your salary into your retirement account. There are some tax benefits if you choose to voluntarily add more money into your retirement account but I haven't done too much of this as I hope to use any extra money before I turn 65, which is when you get access to your retirement account.) + +Property = **42%** (I recently bought my own apartment in Sydney. Sydney property prices are quite high compared to other places in the world so I am still not sure if this was ultimately a good decision, especially with the transaction costs involved. Only time will tell! However, part of the reason was to take advantage of interest rates being at such historical lows.) + +# Spending + +Below is a pie chat that shows my spending and saving over the course of the last year. + +[Chart of Spending](https://i.imgur.com/CvKmhXq.png) + +Unfortunately, tax rates in Australia are quite high (the highest tax bracket is 45% tax) so your actual take-home pay ends up being significantly less than your salary. + +Savings = **44%** (I suspect this a very average savings rate but the cost of living in Sydney is quite expensive and I do want to enjoy myself with experiences and find a balance!) + +Clothing = **1%** (I think I spend quite a low amount on clothing with the occasional purchase for office attire and casual clothes. This past year with working from home has also meant there has been less need!) + +Electronics = **2%** (I don't spend too much on electronics and the latest gadgets - I am still using an old hand-me-down phone!) + +Entertainment = **1%** (This past year has meant there has been less opportunity to go out and spend money! It also just so happens that most of my hobbies and interests don't require much money - like playing football, cooking and binging on TV shows.) + +Food = **11%** (This is probably an area where I am spending more money than others as I choose to eat out with friends and family or choose to spend a bit more for groceries. But I don't think I regret it!) + +Housing = **34%** (Rent and property prices in Sydney are relatively high. A one bedroom apartment in my current area is $500-600 per week or 380-450 USD per week or 1.65k-1.95k USD per month. But that's just what I have to deal with having grown up and with my job in Sydney. They say that you are under 'housing stress' if you are spending more than a third of your income on housing...) + +Life Admin = **7%** (This category comprises various things like bills, medical insurance and other personal expenses. Most of these are inevitable.) + +Transport = **0%** (Transport costs for this year were significantly reduced with travel restricted and working from home for much of the year. I don't expect this to be repeated moving forward.) + +# Next steps + +Overall, I think I am tracking well and am trying to find a good balance between enjoying myself in the present, taking advantage of opportunities, and setting myself up for the future. + +At my current rate, calculators say that I will reach FIRE and $1 million in \~11 years at the age of \~40, but part of me does want to enjoy the luxury of having a nicer home and looking after my current (and potential future) family. + +So it may just be that this point ends up being delayed further and further to the future! + +Keen to hear people's thoughts and advice and if you want to hear more. + +My goals for the next year are to: + +* **Invest more into stocks and in particular Vanguard index funds** \- I've always been conservative and part of me is still concerned about the current state of the stock market but part of me is also concerned that I will miss out on the next few years if it continues to rise. Having been burnt by some speculative plays into tech stocks, I think I've also learnt my lesson trying to follow the success stories of others in gambling their life savings into stocks like Tesla and Gamestop. +* **Maintain a balance between living in the present and saving for the future** \- I am conscious that my current savings rate of 44% is pretty average but I don't think there are too many other places to cut down without a significant impact on my lifestyle. Food (especially eating out) is probably one area that could be cut down but I am not sure if the additional savings would be worth it for the time spent with family and friends. +* **Find more like-minded people with FIRE in mind to share and learn from!** + Shang-Chi and the Legend of the Ten Ringsā€ maintained its hold as the top film in the U.S. for the fourth consecutive week, bringing in $13.3 million from 3,952 theaters and setting a new record as the yearā€™s top grossing film with $196.5 million in domestic ticket sales. + +Shang-Chiā€ toppled another Disney-released Marvel Cinematic Universe title that previously reigned as 2021ā€™s U.S. box office champ: ā€œBlack Widow,ā€ with $186.7 million in ticket sales. However, ā€œBlack Widowā€ simultaneously releasedĀ on the Disney+ streaming service while ā€œShang-Chiā€ is a theatrical-exclusive release. + +Two additional Disney titles continued to draw audiences: ā€œFree Guyā€ grossed $4.1 million from 3,175 screen in its seventh week in theaters and ā€œJungle Cruiseā€ brought in $1.7 million from 2,065 theaters from its ninth week in release ā€“ ā€œJungle Cruiseā€ is also playing on Disney+. + + [Marvel's 'Shang-Chi' is the highest-grossing domestic release of 2021 (cnbc.com)](https://www.cnbc.com/2021/09/26/marvels-shang-chi-is-the-highest-grossing-domestic-release-of-2021.html) +At what point do you think about looking around and re-locking with another lender ? + +If you are a mortgage broker/LO what is your expectation/experience of client behavior ? +Hello, currently 23 credit score of 770 and salary of 71k pre tax. The property is 3bd room 2 bth for $67,000 with a est monthly payment of $351. I would put down roughly 20-25%. It would be an out of state investment. Rent would be about $380 a month/ per bdr and it would be used as a college rental. Roof, plumbing heating have all been replaced in 2014. Usually accounting for a month vacancy (July) before new students move in during august. Does the numbers make sense? Iā€™ve been running through it but still donā€™t want to gloss anything over. Also would there be a way to check rental history? +Hi Reddit RE, + +Just picked up my 8th house 3 days ago and my portfolio is slowly growing. I owe a lot of the growth to answers on this thread and random acts of kindness. + +In 2019 I began taking a step to collect better data on my portfolio and in 2020 I want to continue to improve in this area. The following below is the Data I'm collecting + +1. Cash Flow Statement Data, Income Statement Data, Balance Sheet Data +2. Projection Income Statement, Projected Cash Flow +3. Leverage Ratio / DSCR (on TTM basis and Monthly Basis) +4. LTV Calculation +5. Rent / Receivable Collection Days +6. Lease Expiration + +I'm collecting all this data right now on a spreadsheet basis. + +1. Any suggestions on additional data I should be collecting or factors I should be considering as I'm collecting my existing data? +2. Any suggestions on software I should be thinking about while collecting this data instead of just using Excel (Still pretty cost sensitive since the portfolio is still relatively small) + +Thank you RE Reddit community! I love this group and would not be here without you guys +I'm planning to stake with or without joining a pool, however at the present pricing, it will take me upwards of ten years to accumulate 32 ETH. Which makes me wonder if this should be lowered if the goal of decentralization. + +So, according to my understanding, when 32 was determined, this was valued around $10k. This is a reasonable level that most people can achieve given enough time. But 32 ETH is now worth more than $87.5k, an enormous sum of money that most people, especially in low-income countries will probably never acquire. + +Is there any way that I can stake less than 32 ETH? Also, how risky is it? I keep hearing of platforms like [Celsius](https://celsius.network/), [Haru Invest](https://haruinvest.com/) and [Nexo](https://nexo.io/) but I am unsure how it works. Also, is there a reason why 32 was chosen, or is it possible that this will alter in the future? + +I've always been interested in ETH. The network and the coin have a high level of trust. But it's not enough for me to risk my ETH when there's no way of knowing how long it'll stay locked up. +I'm thinking the coders of the bots that post shit like that won't have put in logic to check for a split. They'll see the drop to 1/4th the price and fire the posts that they've "lost everything." I'm calling it now so that when it happens I look like a genius. +Edit: Oops, self posted...here's the link: http://miltonfriedman.blogspot.com/ + + +I have been spending much of my spare time reading up on economics and watching different documentaries during the last 6 or so months. I am trying to learn about this stuff objectively, although I would consider myself a free market libertarian at this point. What does Reddit think of Milton Friedman? Also, what are some other good documentaries making the case for other schools of economic thought? +[https://www.bloomberg.com/news/articles/2020-10-09/robinhood-users-had-accounts-looted-say-there-s-no-one-to-call](https://www.bloomberg.com/news/articles/2020-10-09/robinhood-users-had-accounts-looted-say-there-s-no-one-to-call) + +I've dealt with Robinhood support before, and sometimes they'd send a standardized reply that made no sense in the context of what I said. It seemed to me they were seriously undermanned then. But with this, a Facebook network I also follow has members who also fell into this hacking (apparently this happened to a lot of people over a period of a couple weeks). The only good news is that the SEC is already on it. + +As if I needed more convincing to switch brokers... +Y'all know when payday is near cause you're broke broke. But not in a bad way. Broke broke as in your bills are paid but you need to do laundry, pick up a few things from the grocery store, finally make that past due payment so you can go back to being current in your bills? Lol it's like you're in a draggy mood and once you wake up and check your bank account you have that sigh of relief and think "why was I tripping in the first place" + +I'm being optimistic as fuck cause I'm slowly getting back to that. Enthusiasm over sadness all 2021 and 2022. +Kiddos headed to expensive private college in the fall and another next year. + +We didnā€™t apply for financial aid as we are way above income and NW criteria. + +That said, are we missing out on e.g. low rate financing options, or some other benefits that might present themselves going through the FAFSA process? + +Or just ignore it, bite the bullet and pay? +Ok so normally the advice is to hold, but I wonder if my situation is different in that I may actually benefit from realizing a huge loss. Please tell me if my logic or math is missing something. + +I sold my company for 7 figures this year, and put most of it in the stock market, except the \~$750k or so I need to eventually pay the tax bill + a couple hundred thousand more as a cash reserve. The tax bill, most of which wonā€™t be due for a year, is estimated to be about $100k ordinary income and the rest long term capital gains. + +When the stock market tanked, my main portfolio crashed from \~$3 mil down to \~$2 mil. + +I see a few scenarios hereā€¦ + +a) Stay the course, and hope and pray that the market recovers quickly by the time we need to make withdrawals. Our current income + cash reserves should last up to a few years before we have to start reducing spending or making withdrawals. + +b) Pull it all out now, and realize a $1 million loss. Apply this loss against the capital gains part of the tax bill and carry forward the rest, eliminating most of our tax liability for the sale. + +With B, we know what weā€™re getting, which is to say our $2 mil portfolio stays at $2 mil (but in cash) and we keep most of the cash reserves, since the tax bill gets wiped out. + +With A, our cash reserves are wiped out, and we roll the dice hoping the market doesnā€™t go down much more and/or that it mostly/fully recovers in the next year or two. + +Even if in Scenario A, the market fully recovers back to where we started a month or two ago, it seems weā€™d be in roughly the same place as in Scenario B. +Asking here because many seem to be in or retired from similar roles. After 20 years at consulting firm jobs, Iā€™m about to receive an offer from a fintech startup thatā€™s gone through Series A funding and is in process of Series B. High-profile VC backing. Iā€™d be a Head/Director/VP of product, reporting to the CEO. Silicon Valley startup, about 60 employees. + +I know very little about start up salaries, and Iā€™m getting really wide ranges in my research. I talked to two employees at the company about their comp but their levels are less experienced than mine. What should I expect/ask for in terms of salary and equity? Iā€™m aware certain benefits will be less or non-existent (eg no 401k match), but what is typically included in a compensation package? Thank you! + +EDIT: iā€™m being hired for my subject matter expertise and contacts in the industry to current and potential clients. Clearly not being hired for any start up experience, I donā€™t have that. But do have experience in generating new business and implementing similar technologies in this field. +I do well in my job that I mostly enjoy (though quite stressful) and bring in around 500k/yr. Unmarried partner has similar income so weā€™d be more than fine if I quit my job tomorrow. LCOL. + +I was fortunate enough to amass a large stash of crypto a long time ago that I never sold, which has now appreciated well into the 8 figure USD range. + +Iā€™m wondering how income-based capital gains works, because my naive reading of the long term capital gains rate structure is that with my income Iā€™d be paying 23.8% on a sale, but if I stopped working for a year, my income would be negligible and the rate would be far lower. + +But then it occurred to me that the same is true of most wealthy folks, and if it were that easy to avoid capital gains weā€™d have a lot more idle rich people who deliberately donā€™t work to avoid capital gains. + +So Iā€™m guessing Iā€™m just missing a key provision in the tax code that makes deliberately lowering oneā€™s income less attractive. Can anyone point out what Iā€™m missing? Iā€™d welcome any other relevant advice too! +I'm a huge believer of the narratives that Ray Dalio puts out on the transition of power from the US to China. Likewise, I think megacorps will continue to reign supreme in both regions + +Consequently, I don't think it's wise to hold just US megacorps, but in both regions. + +So far, I'm aware of KWEB, which I currently hold in addition to QQQ, but if there was some combination with the additional exposure of more robotics oriented, ecommerce, and fintech oriented companies, that would be ideal + +A question very much related to this is, how are people investing in the best growth beliefs in China? Are there any growth beliefs in China that seem like a facade, or that are underappreciated? +Not sure if the heading makes sense but I was wondering about your opinions on how you guys define your position weights in your portfolio as the prices fluctuate. Just as an example: + +I want 50/50 in Stock A and Stock B so that's what I buy. Now over time Stock A grows and Stock B declines to make my portfolio 65/35. + +Now in this situation would guys continue regular deposits and buys of 50/50? Or would you buy extra of Stock B and less of Stock A in order to maintain 50/50 in your portfolio? + +Sort of a DCA-ing question. +I realise that the banner on this subreddit can be bought with 'donuts'. It is therefore little more than another posted comment, with which some may agree, some disagree. But appearing as the banner gives the appearance at first glance that this is somehow an official stance of the subreddit. + +So I'd like to say 'not in my name' about the current banner I'm seeing. It reads: "WE DEMAND CONSTANTINOPLE. ANY FURTHER DELAY IS INEXCUSABLE. DO NOT MAKE PERFECT THE ENEMY OF GOOD!!" Yes, in caps (shouting). + +First, Ethereum devs don't owe you anything. You have no right to make demands. Being rude and shouting will get you nowhere fast. + +Second, I want Ethereum to remain safe. The last thing we all need is some rushed update with a bug no-one spotted that has catastrophic effects, possibly destroying Ethereum and all confidence in it. + +Third, if you are not happy about progress in Ethereum's development, then learn how to code, become a developer, and contribute to its development. +https://www.cryptocoinsnews.com/chris-derose-ethereum-hype-no-substance/ + +The above was a really good article, but not for the obvious reason. Chris Derose is the "Community Director" (whatever the heck that is) at Counterparty. Counterparty is touted as the "smart contracts" answer for bitcoin. The whole story is about a Twitter war he launched basically claiming Ethereum is unneeded sucky vaperware. + +It stinks of desperation, denial, and fear. + +THIS is why we are going to see a mass exodus from Bitcoin, and this is why I predict Bitcoin won't make it. ALL that rotten egg community (my EX community) knows how to do is flame, fight, argue, DDOS, censor, accuse, FUD, lie and basically just create disharmony and confusion. + +I went back to a few boards the other day to just get an eyeball check of how the Classic situation was going. My blood pressure rose so high in a matter of seconds it was unbelievable. I used to find the squabbles amusing. Occassionally even technologically interesting. But it was disgusting this time. I just couldn't get out of there fast enough. I decided I just didn't care anymore. + +And I am a pretty normal guy that once upon a time really loved bitcoin. But you simply cannot live and work and invest in that environment. And you can sense the desperation in the "Core" of Bitcoin and all they do is just lash out angrily and defensively at almost everything, and you can sense the loss of hope and tiredness in the rest of the bitcoin community. + +I used to be sad, but I am just beyond that now. I just don't care anymore, and I don't want to hear it all, and I just want to escape. And I am seeing that growing in the bitcoin community everywhere I look. + +I don't know. I don't know what is going to happen, or when. But the bitcoin community environment is just toxic, and I just can't imagine or see how it continues to remain functional much longer. And this is honestly NOT a "ditch bitcoin" post. This is just therapy. + +There are some good people in bitcoin and I do hope they find their way either out, or to a solution. But I swear - I will never forgive the Core/Blockstream crowd. They have created such a climate of evil and hatred that I cannot imagine anything good ever coming out of them - even if they do succeed, which I honestly hope they do not at this point. + +EDIT: I want to make clear that I am NOT wishing failure on Bitcoin, and indeed, if Bitcoin Classic manages to pull things off - I'll be pretty happy about it. But I am not sure I could support Bitcoin, controlled by Blockstream, in a Lightening environment. So I cannot honestly say I support that. And that is not anti-sidechain, that is just my really deeprooted belief at this point tha nothing good can come from Core/Blockstream, and even if they do succeed, I may never support that.. +A lot of people on the FIRE path (or otherwise) don't fully appreciate the effect of fees on their portfolio. The fees you pay do not compound with the rest of your investments and so the lifetime impact of fees can be stunning. Here are some scenarios: + +Assume I have $1m invested. At **0.03%** annual fee, I would be paying $300/year in fees. I am 40, and by age 65 my $1m investment has grown to a large value of $10m (assuming the historical long-term average of 10% returns). If it weren't for this fee, my ending account value would be **$85,000** higher! + +What happens if I pay 0.25% or 1% fee (some robo or wealth advisors charge in that range, excluding index fees). That $85k figure becomes almost **$700k** (at 0.25%), or **$1.3M** (at 0.5% fee) or **$2.5M** (at 1% fee)**!** + +This was stunning to me when I calculated it out. Our brain thinks...oh it is only 0.3% or 0.5% or 0.75%...but the $ value is astronomical over a lifetime of investing and for little to no extra value, at least for me. I manage my investments, takes hardly any time at all. I tax-loss harvest myself...took me 30 minutes total over the month of April this year when stock indices dropped. Very simple, and gives me comfort knowing exactly where my hard earned money is invested. Just a few broad indices is all one needs. + +Now I won't tell you what to do. I just wanted to highlight the math to spread awareness of the "compounding" losses due to fees. Lots of well-meaning and hardworking financial advisors out there that need to make a living, and they can help more at an emotional level than anything else. Know the impact and decide for yourself what fee % is worth it for you. For me, the average fee over my whole portfolio is close to 0.03%, and I intend to bring it down further over time. + +*Tip*: when looking for indexes to invest in, look for the "gross expense ratio". A few high quality broad indexes of US stocks have expense ratios similar to 0.03% (e.g. Vanguard VTI or Schwab SCHB). If you are paying 0.06% for an S&P like fund (or broad US), know that you are needlessly paying *twice* for essentially the same product. + +*Clarification*: I am not saying I want to get rid of the $85k in fees in above scenario. That fee is perfectly acceptable since that is the fee-to-beat for a high quality index fund these days. However, there is a **huge** difference between 85k (0.03%) and 700k (0.25%) or higher. I mentioned that I want to bring down the 0.03%, but that is NOT a path I recommend in general. I enjoy investing and also enjoy creating a basket of stocks (i.e. my own index) with a portion of my assets. This can make sense at certain level of assets and if this is enjoyable as a hobby. Otherwise, set it and forget it at 0.03% fee is totally fine. +Hey guys. Someone messaged me and encouraged me to make another post!. Interestingly, I'm doing this while I'm on break from helping teach EMDR to a group of 45 clinicians, so I'm in, like, super therapy mode today! + +**TL;DR** \-- Big things happened. Lots of us are strong šŸ¦, lots of us are clever šŸ’, lots of us zen šŸ¦§. Sometimes, apes caught off-guard šŸ™Š. šŸ¦šŸ’šŸ¦§ who šŸ¤ about ā¤ļø more likely to šŸ“„āœ‹, but šŸ¦šŸ’šŸ¦§ who šŸ“£ ā¤ļø have šŸ’Žāœ‹. + +The buildup to this week was pretty intense! I feel like a bunch of us were expecting big things, and a bunch of us were expecting to be disappointed. I want to invite awareness here of how this played out as a community, too, through the lens of those three attachment components of Security (Fear), Connection (Sadness), and Empowerment (Anger). After the shareholders meeting, we saw all these on display in post after post. There were plenty of reminders ahead of time that the votes would likely be trimmed, and plenty of people more knowledgeable than me advised us to set our expectations low in terms of news or price action. Even still, though, we saw responses that fit into these three categories (**warning: shills are great at coopting real reactions and amplifying them, so this might feel like a big FUD-fest, but they're less able to do that if we can have honest conversations and understanding of these things**): + +**Fear/lack of security** \-- "Why are they offering more shares? Are they betraying us? What happens now? Is RC going to leave us behind now that he's got his chairmanship and his billions?" People were also immediately concerned that the livestream looked sloppy and disorganized, and that it was directly reflective of the efforts and organization here. "Are mods going rogue? Have they lost control? Will this damage others' perspectives the community, thereby hurting our credibility? Will that make people lose faith and dip out, leaving us weaker?" + +**Sadness/lack of connection** \-- "These mods are in it for themselves, giving interviews and stuff. I guess they don't really care about us so much as they care about their 15 minutes of fame. Atobitt looked sad and overwhelmed, so that means that maybe we're not as connected as we thought." Then in the comments, there was stuff like has this all been a waste of time? Am I stupid to think this community is something bigger than just a subreddit? Did I fall for a cultish thing? What's wrong with me? Why did I put my faith in something that might never happen? I'm an idiot." + +**Anger (or resignation!)/lack of empowerment** \-- "It's not fair that these people have so much power and can just manipulate the price. Why even bother?" "Look at these mods, being selfish! And that cringe-fest 'Look at the price!'. And of course media is there, so they're going to make us look like idiots." In the comments, lots of hopelessness, too. "I don't know how much longer I can hold on for this, because I have money tied up in this that I might really need toon, and I don't want to miss out." "So I guess there's not going to be a MOASS after all, since they keep finding ways around catalysts." "Whatever. Nothing's going to change. We can't win this." + +While you're welcome to be judgmental of yourself or others for experiencing these, they're all perfectly natural, very human reactions. We like to think of ourselves cohesively as diamond-handed stoics, but I'm telling you right now that it's a mistake to try to erase the parts of ourselves that gave rise to the very passion and purpose behind the commitment, here. + +For that reason, I'm going to invite whoever wants the opportunity to be as honest as you want about your experience of this last week, because it's in understanding each other and the diversity of context (and stakes) in our community that we make it stronger. **Positivity is welcome, too!** I'll go first. + +EDIT: Something I consistently get is that this is FUD. It's hard to disagree with that. However, my intent is to **contain** the FUD in one place in an authentic way, rather than spread it. So, to me, this is kind of serving to stop it in its tracks. +I still remember when I invested only 2000 usd to launch my startup...I was young, naive and full of fear and uncertainty. Fast forward to today, even though Iā€™m not fatfire (no liquid cash), but on paper, I founded a rapidly growing ecom startup currently valued at 50 million. It wasnā€™t so long ago when I use to look at 30k, it was a lot of money. But now when I look at 1 million dollars, it doesnā€™t seem to carry a hefty weight as it use to. Iā€™m not saying this to flex but I just feel like money just becomes a number eventually. Itā€™s kind of like most people wonā€™t even blink if they lost a penny. + +For me, I will be honest, money was a part of my motivation of why I wanted to start a business. But i never aimed to be a multi millionaire, I simply wanted happiness in life that my previous job didnā€™t provide. As my company grew, my wealth grew with it. What I use to think it was impossible is now possible if front of me. Becoming a ā€œmillionaireā€ no longer lights a šŸ”„ in me. I just feel different, not sure how to explain it. Itā€™s almost like, you finally reach the other side and realize, shit, having more money doesnā€™t make you more fulfilled in life - nor more happy. + +My true motivation now is to leave a legacy behind. Our products have already reached more than 1 million people around the world and I see growing this number by 10x as the only fire that keeps me awake late at night. The thought that I can make a positive impact on others lives is more exciting than how many more millions I will be worth next year. In fact, I talked to my wife about eventually setting up a foundation to give back. Maybe build a school in a 3rd world country. Who knows, but I really like to make positive changes in this world when I liquidate parts/all my equity (not a true millionaire until payday šŸ˜‡). +Hi all, + +&#x200B; + +Just a quick question regarding Vanguard LS80. Huge thanks to this sub for educating me about personal finance for the first time in my life. Currently a 31 year old teacher earning 40k. 5k emergency fund, decent teachers pension, own place (120k left on mortgage) and now investing my savings into LS80. Hoping by 50 to have enough money behind me to go to teach/live abroad in SE Asia/semi retire. Currently able to put around Ā£700 a month away. + +I feel I've got this side of things sorted now and assuming all goes well should be able to follow through my plan (although life is always unexpected!) + +The part I'm now quite sure I understand is when it gets to the point where I need to start to withdraw my money, at say 3% per year, how does this actually work? Do I literacy just calculate 3% of what I have and withdraw it as a years salary in one go? Do I pick a figure of say Ā£1000 per month and withdraw it monthly? Or do I wait until the interest goes up to what seems like I good point and withdraw 2-3 years at a time? + +&#x200B; + +Thanks for your help, +**TL/DR**: [r/Superstonk](https://www.reddit.com/r/Superstonk/) is a unique and impressive community of individual investors producing ground-breaking research. In this post, I argue that this community can improve its research efforts, public perception, and legitimacy by recognizing the harm caused by low-effort memes, conspiratorial thinking, unrealistic expectations, and the valorization of ignorance. + +**About me**: Hey everyone. I am an individual member of this amazing community, and would like to say my piece. This is my first official post on [r/Superstonk](https://www.reddit.com/r/Superstonk/). I've posted once before using [u/Superstonkbot](https://www.reddit.com/u/Superstonkbot/), which allows low-karma members to post. My [post](https://www.reddit.com/r/Superstonk/comments/oj9kjv/rsuperstonk_is_not_a_karma_feedingground_exercise/) gained 6K upvotes. Today I happened to see I finally meet the karma criteria, so I am excited to finally speak up. + +I've been an [r/Superstonk](https://www.reddit.com/r/Superstonk/) member since its founding. I bought my first XXX shares in early January, 2021, and sold XX shares in late January, 2021, to cover my original investment. I did this because I used student loans to buy GME in the first place. Today, I am still an XXX holder, and visit Superstonk hourly. I mostly search by new and rising. That is to say, I am a very active member, and care deeply about this community. I do my best to make informed decisions about what I upvote and downvote. + +The last thing I'll say about myself, is that I professionally research culture and cognition. So, while I cannot make a meaningful contribution to the swath of research produced by [r/Superstonk](https://www.reddit.com/r/Superstonk/) members, I *do* believe I can identify detrimental information patterns among [r/Superstonk](https://www.reddit.com/r/Superstonk/) members. + +**About** [r/Superstonk](https://www.reddit.com/r/Superstonk/): + +This community is amazing. It represents one of the frontiers of market reform activism. I believe [r/Superstonk](https://www.reddit.com/r/Superstonk/) is unique among stock/economy/business subreddits. Unfortunately, it is often grouped in with the others. **In other words, people often don't take this community seriously**. This hinders the community's ability to attract new members, gain the attention of politicians and government officials, and be perceived as a legitimate source of research and information about GameStop and the financial system. + +The sad truth is that [r/Superstonk](https://www.reddit.com/r/Superstonk/) *does* resemble other communities, the names of which I cannot specify (automod). Many of us have likely encountered scenarios, on and off of Reddit, where non-members have likened [r/Superstonk](https://www.reddit.com/r/Superstonk/) to a cult, a pump and dump, or a community of bag-holders struggling to accept reality. But this community is not that. The research is actually solid. This is real, and its happening. Several financial bodies are struggling to maintain short positions on a company that is undergoing rapid bullish transformation with a group of highly loyal investors that want the company to succeed. Further, it seems likely a stock split issued as a dividend will place an overwhelming amount of stress on these financial bodies. Beyond that, the research produced by this community on topics ranging from problems in market structures to the employment of consulting firms to help bankrupt companies is astounding. + +Nobody has the right to define this community. The community is an amalgamation of individual investors with a simple set of rules. However, as a member of this community, **I want to share my opinion that members of this community ought to take it seriously.** Abandon the elements that signal to non-members that we are no different from the other communities. Take this sub seriously as a place for real peer-reviewed research and a grassroots movement for market reform. And above all, take it seriously as a community dedicated to GameStop. + +I'm not arguing that [r/Superstonk](https://www.reddit.com/r/Superstonk/) alter its rules, or that members abandon the use of memes. Rather, I urge members to recognize the consequences of what gets posted on our sub. The sexualized or derogatory GG memes are 4chan nonsense. They are absolutely counter-productive to supporting GameStop and fair-markets. The non-stop posts about 69 or 420 are low effort and make [r/Superstonk](https://www.reddit.com/r/Superstonk/) seem no different from the other stock subs. The constant valorization of stupidity is outdated. This community has proven its ability to produce reliable research, and to criticize flaws in research. And endlessly proclaiming the inevitability of GME reaching $100,000,000 per share during the MOASS is probably not the best central thesis for the community. It gives the impression that [r/Superstonk](https://www.reddit.com/r/Superstonk/) is centrally a get-rich-quick scheme. + +These elements all hinder the legitimacy of the community's research. Further, they subtract from the sub's foundational property: A shared passion for GameStop, and the pursuit of fair-markets. + +I know [r/Superstonk](https://www.reddit.com/r/Superstonk/) is divided on this issue. I hope that the comment section can host criticism of my opinion, and a productive conversation about the state of the sub. + +Thank you everyone. As a final word, I'd like to say I believe GameStop is an amazing company with great leadership. And given the unique financial situation, I believe the value of GME will rise in an unprecedented way. Thank you to those who are contributing actual research. +We bought a company. That company is going to succeed AS LONG AS WE WANT IT TO. + +Millions of people love what we did. Those millions of people will buy whatever GME produces because they are financially invested in its profit margin. Or maybe because they are emotionally sympathetic to it succeeding because their family members, friends, coworkers, or neighbors own a share. + +If Gamestop wanted to introduce a movie streaming platform, millions of people would subscribe to the GME movie app. We'd be as rich as Netflix. We are going to buy our products BECAUSE IT'S OUR COMPANY. + +We wouldn't buy games from any other retailer, we would buy it from GME. + +If Gamestop started a music streaming platform, we'd download and subscribe to GME Music. We'd be as rich as Spotify and Apple Music. + +We are the consumers. We have all the economic power in this situation. + +I may be just another idiot WSB investor, but... + +Prove me wrong. + +Edit: šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€ + +Edit 2: šŸ¦APEšŸ¦STRONGERšŸ¦TOGETHERšŸ¦ +Im a very risk averse person, but interested to know what is the biggest risk people have taken, that did not work out. + +I realise that because of survivor bias all the stories are usually about how people bet everything on a long shot and won big, but just wondering what is the biggest risk people have taken that fell through. +I am a long time poster on this sub but I am using my throwaway. + + +Every single day I see heavily up voted post about how FIRE can be an obsession and that one should seize the day because they could lose it all if they die tomorrow. It's fine if people want to live that way but at this point it has become too preachy. Currently two post at the top are "FIRE Obsession" and "What's the point of wealth". Obviously there must be some influence from r/all given that both posts are over a thousand upvotes and basically say the something. + +I and many others believe in the "if you fail to prepare you prepare to fail" motto. We don't base our plans of hypothetical what if we die tomorrow scenarios. Even the mods of this sub admit "At its core, FI/RE is about maximizing your savings rate (through less spending and/or higher income) to achieve FI and have the freedom to RE as fast as possible." + +People who want to save as much money as possible shouldn't be demonized or be told to go to therapy since they don't like working at all. + + +There is no one way to FIRE but this sub constantly pushes lifestyle inflation and justifies it by saying "what if I get a heart attack tomorrow then saving was pointless." + +The goal of the post is not to criticize people who do not want to minimize spending and maximize saving I just want to say be mindful not everyone likes the idea of working or the "build the life you want and save for it" and some of us rather retire as early as possible. +I want to thank everyone who told me to get into ibio as soon as possible. I put the rest of my savings into ibio and went up 1500%. First time I have ever made profit. +The Tether FUD is overblown and doesn't make much sense. The entire basis of the Tether FUD comes from a random anonymous Twitter account, Bitfinexed, that seemed to have a personal vendetta on Bitfinex... +https://steemit.com/cryptocurrency/@kjnk/why-the-tether-fud-doesn-t-make-sense-and-we-are-getting-manipulated +So we broke through $3000 and youā€™re wondering is it too late!? **No, It's not** Hereā€™s why I think weā€™re still early. + +About once a week I spend a few hours hanging out with some of my old college friends. Weā€™re spread out across the country, so Zoom has actually been a helpful in getting us to reconnect. Weā€™re all in our early 30s, relatively successful in our own ways, and EVERYONE owns stocks. But in the wake of the GME fiasco, we have been talking more about investing and from time to time someone cracks a crypto joke. You know the one, internet money for dog memes, ponzi schemes, everyone laughsā€¦ After a couple meetups where this happened, I decided to chime in, mention that I actually own a some crypto, tried to explain the fundamental change that the blockchain can bring to money, the financial system, and the real innovations that blockchain can bring to other industries as well. + +*Cricketsā€¦* +** ā€œWait, you actually own Bitcoin?ā€ +** Turned to a spouse: ā€œHoney, I know you think Iā€™m crazy for buying GME, but this guy owns Bitcoinā€ +They thought I was insane :P + +We talked more about it. I donā€™t pretend to be an expert, but I have done my research and understand the fundamental ideas and methods, and I tried to answer their questions as best I couldā€¦ In the end though, they really didnā€™t have many. It turns out they were a lot less interested than I thought theyā€™d beā€¦ I guess itā€™s just an easy punch line! + +In the wake of this conversation, I did a quick search in the sub archive and found this post from January 2018 [Still Early.](https://np.reddit.com/r/ethtrader/comments/7qku1o/still_early/) Interestingly, I think that a lot of the arguments still stand: +- American millennials still donā€™t really understand how our currency works. (Iā€™ll lump myself into this category too XD) +- Everyone knows Bitcoin (and at this point Dogecoin), but no one had heard of Ethereum (just to follow up on this, my autocorrect knows Bitcoin but it shows Ethereum as a spelling error) +- They had heard about NFTs (they watch TV), but did not really grasp what fungible (and for that matter non-fungible) meant, and did not know that NFTs were NOT a Bitcoin +- None of my friends knew anyone else who had bought a cryptocurrency +- None of them knew how to buy a cryptocurrency. Even with Coinbase going public recently, they did not know about the company +- No understanding of what the blockchain is or how it can be used in other applications +- And in the end, they all concluded that they were *too late* and had been priced out already. + +**They are wrong!!** + +In these recent months, Ethereum has shown us it has legs. The amount of money locked up in staking and DeFi protocols keeps blasting through records and the marketcap continues to flip traditional finance companies. The mass adoption is coming, but the masses are not here yet. When they arrive, Iā€™m betting that Ethereum will be bigger than any of us could have ever imagined! + +Remember to hodl your ETH, selling low just feeds the whales! My plan is to continue to accumulate, and I hope you do too. Hereā€™s to the future! +Nasdaq gained 26.32% in 2021. +S&P gained 26.68% in 2021. +VTI gained 23.57% in 2021. + +For those of you who didnā€™t beat those numbers what is your strategy for 2022? + +I personally spent a lot of time reading/researching and only did 15.58%. I think my 2022 strategy is going to be a lot more of the three above and a little less individual stocks. +Look guys I won't say we will do 10x or 1000x it just bullshit that every coin says these days. This project is not a pump dump so please don't treat this project as a pump dump. We have a great community most of us are ***ANIMAL LOVERS*** because this community serving purposes for a great cause helping ANIMAL shelters by donations. Join us and be a part of the ANIMAL WELFARE Community. **LET'S USE OUR GREED TO HELP ANIMALS** + +We want this coin to grow more and more because this coin serves a purpose every 1% of the burn goes to the animal welfare community. If you love animals please help this community by holding not dumping. + +Remember every time you buy this coin it donates for good cause. DEVs post proof of donations if that's something you guys are looking for as well. Still very early and most people don't know about it. + +Plus, is on the BSC chain, which means low fees and fast transactions. + +They have a wallet to burn BINGUS and a wallet to send money to charity. + +Check on: [https://bingus.finance/](https://bingus.finance/) + +You can buy it through Pancakeswap: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +And you can see the charts here: [https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +Telegram group: BINGUS TOKEN 2.0 OFFICIAL + +[https://t.me/bingustoken2official](https://t.me/bingustoken2official) + +MJ ( One of the founding members ) showed his face and doxxed. + +[https://www.instagram.com/mjcerisano/](https://www.instagram.com/mjcerisano/) + +We are still very early, like, this coin exists for 6 days, and we do have a strong community. + +&#x200B; + +>**AMA UPDATE:** + +DEVs also do AMA every weekend. We had one very successful session yesterday with a lot of questions answered. Here is the summary of the questions that was brought up during yesterday's AMA. + +Things covered in AMA: + +1. NEW SURPRISE DONATION TO [jerseyanimalrescue.com/](https://jerseyanimalrescue.com/). + +Their focus is on saving cats and finding them homes across southern New Jersey. They are a very small operation and weā€™re in pretty desperate need of a helping hand. We were happy to be able to give them 2.5K USD in BTC. + +**2. Chat questions answered and short version of the answers:** + +***- Is this a rug?*** + +If it is we are doing a really bad job. Liquidity is locked and the only money the team has made has gone right to 4 different animal charities. + +***- How do we verify the integrity of the charity wallet?*** + +Watch the sells. So far we have actually donated more than we have taken out as some of our initial donations have come from the founder's own wallets. This was done to project the price of the coin in the early days when it is most vulnerable. + +***- Why are there so many large bingus wallets?*** + +These are bingus 1.0 holders who were the only ones told about the fair launch. Most are community moderators or involved in a non-official capacity with the project (by non-official I mean just on the website, they are all over the chat). As far as I know, if sell, they plan on selling slow and soft, however, I obviously cannot guarantee that. I take their lack of selling when we had the big pump as a sign of faith in the project, however. They had their chance to sell at a big profit, however, they trust what's coming down the pipeline. Further, this is a huge issue for every low cap coin.... most just have their whales dump at launch, rather than hold. + +***- What is the use case for this?*** + +As of right now, itā€™s simply to donate to animal charities. As we grow we can explore more use-cases and partnerships with animal welfare organizations. I look at it this way. Traditionally when companies start they make a product then go public and offer stocks. In a way itā€™s like we are doing is the reverse. We have coins and now we are finding the usecase later, other than saving animals of course. With the people that we have lined up to partner with, that should not be an issue. That said I am very proud of the money we have donated so far, we are acually saving lives. + +***- What is the longterm future for this project?*** + +Personally, I know its insane but I want to crack the top 100 coins on CMC. I want to be, and I think we can be, the animal-focused cryptocurrency. Itā€™s ambitious but I think we are very well positioned to do just this. + +$BINGUS is an awesome project with a lot of potential and amazing devs. Join our telegram group and see for yourself. This could be easily the next moonshot. + +`Disclaimer: Please do not put your hard-earned savings into there if you need that money for your food, rent, or some medical-related expense. Please invest wisely.` +***Hereā€™s the article link (using archive version bc WSOP domain is blocked here):*** [***https://archive.today/qfEff***](https://archive.today/qfEff) + +# ============ + +# ā€œThese 3 Charts Strongly Suggest the U.S. Stock Market Has an Invisible Hand Propping It Upā€ By Pam Martens: March 23, 2022 + +As someone who has watched trading screens for the past 36 years, itā€™s pretty easy to spot a fake market. As the charts below indicate, there is an invisible hand (or hands) pushing this stock market up when it should be plunging. The likely suspects are U.S. Treasury Secretary Janet Yellenā€™s Plunge Protection Team, known as [the Exchange Stabilization Fund](https://archive.ph/9NWoh); foreign central banks that are aligned with the U.S. position on Ukraine and want to help stabilize financial markets in the West; hedge funds and [Wall Streetā€™s Dark Pools](https://archive.ph/f2Pin) owned by megabanks that are net long the market; or a combination of all of the above. + +One thingā€™s for sure, the stock market is not responding in a normal fashion to soaring inflation, a hawkish Fed, spiking interest rates, and military aggression by an out-of-control dictator with 6,000 nuclear warheads. + +Consider the chart below: since the Russian invasion of Ukraine on February 24, the yield on the 10-year U.S. Treasury note has skyrocketed by 20 percent, currently reaching 2.38 percent. That was a correct and normal reaction since inflation is already soaring in the U.S. and the military aggression is going to disrupt oil and gas supplies from Russia via sanctions, thus likely pushing commodity prices even higher. In a normally functioning stock market, an increase in yield of that magnitude on the 10-year Treasury note would have caused the stock market to plunge. Instead, per the chart below, the S&P 500 stock index has actually risen 5 percent since the Russian invasion of Ukraine. + +[Yield on 10-Year U.S. Treasury vs S&P 500 Since Russian Invasion of Ukraine](https://preview.redd.it/pd5nhoztv8p81.jpg?width=580&format=pjpg&auto=webp&s=9d462a2bc74504de252a075b6a851985971a4e23) + +The stock marketā€™s bizarre behavior is further evidenced by the chart below. It shows how the S&P 500 stock index has performed in relation to the S&P GSCI commodity index since the Russian invasion of Ukraine on February 24. Notice particularly how the dramatic spike in commodity prices between February 24 and March 8 was not met with a dramatic plunge in stock prices during that same period. It should have been. Then there is the equally important fact of a big yawn from the stock market as a nuclear power invades a sovereign nation of 44 million people, bombs its cities and towns to rubble, and persists in making threats against the U.S. and allies that are supporting Ukraine. Commodity Prices vs S&P 500 Since Russian Invasion of Ukraine + +&#x200B; + +[Commodity Prices vs S&P 500 Since Russian Invasion of Ukraine](https://preview.redd.it/ozi4gmw1w8p81.jpg?width=580&format=pjpg&auto=webp&s=893243bfe614a50f8e65d89fb41574107719410e) + +And, finally, there is the disparate reaction of the stock market versus the correct share price reaction of the global banks that will be impacted by the Russian invasion. The chart below shows the radically different response from the stock market, as measured by the S&P 500 index, versus global banks since February 1, 2022. We selected the date of February 1 because that was the point at which Russia had amassed 100,000 troops near Ukraineā€™s borders, backed up with tanks and artillery. The global banks shown on the chart below are those with significant exposure to Russia. The worst performing of these, Austriaā€™s Raiffeisenbank, has lost 50 percent of its value while the S&P 500 is down less than one percent from February 1 as of yesterdayā€™s market close. + +The stock market is supposed to be an efficient pricing mechanism. When it stops efficiently pricing risk, it loses the publicā€™s confidence. Those invisible hands should think long and hard about that reality. + +&#x200B; + +[S&P 500 Stock Index vs Global Banks Since February 1, 2022](https://preview.redd.it/908y7ehaw8p81.jpg?width=625&format=pjpg&auto=webp&s=f8cd4a7730fb614f583c660e7af56b4ecc91d921) + Analysts at the mutual fund giant Vanguard estimate the likelihood that the U.S. will drop into a full-blown recession sometime during the next 12 months at 25%, and some time during the next 24 months at 65%. + +The Vanguard analysts arenā€™t alone. + +A SmartAsset survey of nearly 300 financial advisors taken in early August found that 80% believe the U.S. either is already in a recession or will enter one during the next 12 months. A rough rule of thumb to define an economy in recession is when it records two straight quarters of declining economic growth. For the second quarter of 2022, the countryā€™s gross domestic product (GDP) fell by 0.9% after a contraction of 1.6% for the first quarter. + +But many believe it takes more than just negative growth to constitute a recession. + +Other factors also are part of whether an economy is in a recession. They includes employment, which has remained high despite the GDP figures, with a jobless rate of 3.7% for August, a level well below the 5% unemployment rate economists have traditionally considered full employment. In addition to adding more than half a million jobs, inflation stalled between June and July. Since then, gas prices have fallen, housing prices have dropped and consumer spending has remained strong. + +Even with those signs of improvement, prices are remain higher than before the pandemic. Even if inflation disappeared tomorrow ā€“ dropping to 0% for the rest of the year ā€“ the inflation rate for December would be 6.5%. Thatā€™s unlikely, so the Federal Reserveā€™s Open Market Committee is expected to keep upping interest rates. Right now, another hike of at least 50 (0.50%) or 75 (0.75%) basis points is set for this week, with more increases continuing into 2023. + +The Vanguard analysts wrote that they expect the Federal Reserve to increase its federal funds rate target to a range of 3.25%ā€“3.75% by the end of the year, which will increase rates on mortgages, auto loans, credit cards and other consumer and business borrowing. The aim is to reduce the amount of available money in the economy in order to lower demand for goods and services, resulting in lower prices to bring inflation down. + +Full article: [https://finance.yahoo.com/news/vanguard-says-theres-65-chance-155559181.html](https://finance.yahoo.com/news/vanguard-says-theres-65-chance-155559181.html) +On Monday, I pulled over for an emergency vehicle and ended up finding myself with a flat tire and a screw in my rear passenger tire on Tuesday morning when I was leaving work. + +I spent $140 on 4 uses tired (18in) in July. I could not afford to replace this tire... I missed too much work from being sick last pay period. + +I called Discount Tire and asked how much for a patch. FREE! All tire repairs and rotations are free! I paid nothing!! I am so grateful for those guys right now. They saved me so much heartache! +This is the last great bastion for financial news in the world. I trust the people here more than any news source or other sub. I see no benefit to staying open. We already have all the great minds of research and diamond handed space apes in here. People who are not already part of this community or either nonbelievers or shills just waiting to get in. Look what happened to our beloved /wallstreetbets. We all started there. I was part of the sub for years. Its where this great movement of ours started. Now look at it. Its completely infiltrated buy shills. If you don't think that cant happen here your crazy. I absolutely trust and adore our mods but things can be taken out of their hands. I think we need to wall off the current community we have and weather the incoming financial shit storm. We cant help everyone... + +Buy. + +Hodl. + +Vote. ( I voted today on with Vanguard) + +&#x200B; + +==UPDATE AND EDIT== + +There are people in here who agree with what i said and some that don't. That is fine. I love being told im wrong, i love being corrected. That's one of the great things about this sub, having disagreements and moving on. I have no ego and realize that my ideas can be bad or wrong. Many believe that moving to read only is a better way to go, i agree with that. I'm just trying to protect what we have here. + +What I don't agree with and wont stand for is the amount of people calling me a shill or this seems sus. You can get that shit out of here right now. I don't get insulted by much but calling me a shill is one way. I'm just a middle class loser who works to hard and doesn't get enough. I hate what this world has become. Its all about money, and having, and keeping, and buying, and expanding, its fucking awful. I just want everyone to be able to do what makes them happy the most amount of the time. Unfortunately, for many, its hard to be happy with the way things are. + +&#x200B; + +==EDIT 2== + +Just got finished watching the The House Financial Hearing like a good Ape should. + +Thanks for all the awards! I love you guys /hug. + +I like to respond to the popular comments up here instead of it being buried somewhere in the responses. + +The major ones seem to be: 1) We don't want to shut new people out and 2) how do low karma accounts/new accounts post? + +The first point i think we have a good idea, instead of locking the sub we make it Read-only for nonmembers. This is the most upvoted comment and seems to be what the majority thinks. I agree with this, but I also have a case for locking the sub before the MOASS starts. + +I believe we already have all the Diamond Handed Space Apes subbed. I feel like the longer we leave it open, we get diminishing returns so to speak. Think about it. Game Stop has been the most talked about stock and most traded stock, in the world, for the last few months. We have Europoors and Ants, people form every country and corner of the world interested in this. Its has spawned 3 House Committee meetings. There isn't a financial outlet in the world who hasn't mentioned it. YouTube hype videos, Billboards being bought across the US, Tweets, license plates, I could go on and on about the popularity surrounding Game Stop. From the 10 million people who ended up joining /WSB, to the 260 thousand or so people we have here, there are very few people who do not know of what is going on, and how to find us. If you aren't already subbed here, you either don't care, are a shill waiting to join, or going to jump on the band wagon when the MOASS starts. I don't want any of these people to have any kind of power or posting ability here. I want you guys, that are subbed now, who have been here through the ups and downs to have to power. When the MOASS starts, or GME hits 1 million a share, we will have 10 million new subs here. It will be a mess. We need to have the dam built before the flood. + +As to point two, how to let low karma/new subs post. I don't know. That's a tricky one. I do see the value in allowing all to speak. But also we want to keep the Shills at bay. The next DFV, Rensole, HomeDepotHank69, or WardenElite could still be out there waiting to post. So I don't know. I just think the discussion is the important part. + +&#x200B; +For all the mortgage holders who are feeling the pressures of inflation, where do you reckon you got it wrong? + +\-Lack of enough savings? + +\-Too much leverage? + +\-Not enough wage growth? + +I got no skin the game but trying to understand better from other peoples experience before I jump in. +Hey all, + +Thought this would be a good forum to ask about a phone call I just had with my mortgage broker. + +My two years fixed home loan was done and I was on a variable rate, so of course, like clockwork I get a call from my mortgage broker, sending me options for the lowest rates available at the time. Overall, a good time to redo given the current rates. + +So I choose an option, send all the necessary paperwork and get a phone call back. This is where things get a bit weird. + +Basically, he was unaware that I also have an investment property in conjunction with my in-laws and my partner. We each own 25% of it, but as the primary owner in the household, its really 50%. The place is rented, and the renter is paying for about 90% of the repayments. On average, I end up having to contribute about $150. As someone on more than $190k a year (IT industry), this isn't a problem. In fact, my total bills including mortgage repayments are less than 50% of my income a month. + +This is where things get stranger. Despite being told this, his advice was that this puts me in a highly negative situation where no bank will be willing to take on the risk and that I should just refinance with my existing lender (NAB) to avoid having to be declined etc. His advice from there was that I should sell my portion of the investment and get out of it, to increase my capacity to borrow given that I'm taking 100% of the risk but only owning 50% of the investment property. + +If this is the case, how do people ever refinance when they have investment properties that are being paid for? + +To me, it feels like this guy thought I was an easy resell/commission and the second it seemed a little more difficult he wasn't interested in helping. + +TLDR; how does having an investment property thats paid for put me in a worse position for refinancing? How do people ever get more money from the bank if this is the case? Was this guy just in for an easy commission? Should i be selling my share of the investment off? +I thought I might give a few tips on reducing energy bills since it's a bit of a topic at the moment and prices are expected to increase 20% next year. As a background, my electricity bill is around 50 per quarter for electricity and gas is 150 per quarter, two kids and one adult. We average about 2.9 kwh per day for electricity and live in a three bedroom wooden cottage in sydney. +If you're low income, look into state government energy rebates. I'm in NSW and get a little over 200 a year in energy rebates as a low income earner. https://www.energy.nsw.gov.au/households/rebates-grants-and-schemes/find-energy-rebate + +Optimise the energy efficiency of your housing. I know that's a bit difficult in a tight rental market but north east orientation, thermal mass, cross flow ventilation, double glazed windows etc will massively reduce the energy spent on heating and cooling your residence. We previously rented an apartment and the combination of cross flow ventilation, north facing and thermal mass meant that we never needed a heater and only felt the need to turn on the air con maybe once or twice a year. Current house is an old wooden cottage but the main room we use is north facing and it has double glazed windows. Avoid west facing at all costs but you could plant a deciduous tree to shade any west facing windows if you will be living there long term. If possible, live close to the coast as the weather is more temperate. + +In winter we use uggs, wool underblankets and down quilts. If it gets cold the first point of call is putting on tracky daks. We use down quilts because they're super light and comfortable. In summer pedestal fans are pretty energy efficient and cheap to purchase, using between 45 to 75 w. If you have cross ventilation, get a flyscreen and open those doors and windows, the natural breeze is much more comfortable than air conditioning and it's free. + +Reconsider your dishwasher. I know there are many that will claim that a dishwasher uses less energy than washing by hand but that is debatable. The two sink solution uses little water, one for washing and one for rinsing. (we have only one sink but have a collapsible bucket I take out for rinsing) You also need to consider the energy used to manufacture and ship an appliance that has a lifespan of only ten years. + +Obviously hang drying your clothes is also important and as an added bonus hanging them makes them last much longer. A hills hoist will make your kids' childhoods memorable but if you live in an apartment I highly recommend the four storey clothes racks that fold flat, they can each take a full basket. + +I'm sure there are plenty of other tips people could contribute if you'd like to add some. +OpenSea's head of product was apparently using burner wallets to purchase NFTs, then featured them on the front page of OpenSea to hype them up and sell them for a quick profit. + +He made the mistake of returning the profits to his personal wallet which was publicly known (since he had his cryptopunk in there), which is how he was caught. + +[Here you can see one transaction where he returns the profits to his main address.](https://etherscan.io/tx/0x54bcb222978a0daa91276edce9d59fab8d276439c797d123c29fadf4ccacf316) He got the profits by flipping the NFT that is featured on the front page at this moment. + +If you check the transaction history of the [NFT that's currently featured on the front page](https://opensea.io/assets/0x495f947276749ce646f68ac8c248420045cb7b5e/53295071856365366940297733776602226785191864486606697118452331983834200408078) you can see him (7942F4) buying it for 0.25 ETH yesterday, and selling it for 1.5 ETH a few hours later after featuring it on the front page. + +And this was just one transaction. He has been doing this for a while now. + +Some twitter users compiled a list with which NFTs he sold, for how much he bought them, and how much he sold them. You can find them [here](https://twitter.com/ZuwuTV/status/1437943520078307330) + +&#x200B; + +edit: He made 19 ETH in total according to [this](https://twitter.com/btcinchina/status/1438041142306623491) + +&#x200B; + +edit 2: [Opensea has provided a statement about this](https://opensea.io/blog/announcements/employee-information-use-at-opensea/) + +&#x200B; +[Annual Expense Summary](http://vagabondette.com/12-months-of-digital-nomad-expenses-11623-24/) + +A year ago I started creating monthly reports showing what it costs for me to live and work remotely full time. August was my 12th month so I created an annual summary post. I mentioned it on the daily thread and several people seemed interested in knowing the numbers so I thought I would create a post for it. This post *does* link to my blog which is know is a no-no, but I'm not selling anything so hopefully it'll be ok. I just thought it would be an interesting data point for those who are wondering how much it can actually cost either once you've reached the RE stage or while you're still working on it. + +My personal situation: I've been a full time traveler/digital nomad since late 2008. Technically I've reached FI and could RE, but I took a couple years off of working and found it brutally boring so now I'm working again. :) + +The expenses covered are for a single person who lives a pretty frugal lifestyle with occasional splurges. I've been outside the USA (my country of origin) for all but a few days of the last 12 months and during that time I visited 41 cities in 19 countries. I just wanted to show what's possible and I hope people find it interesting and/or useful. + +If you have any questions, feel free to ask. If it needs to be deleted, I apologize. +I'm 25 yo bringing home 90-110k a year (hourly wages so can really vary) After all my house keeping investments each month ($1600 Roth 401k) ($600 VTI Roth IRA) I have about $1000-$2000 to do personal investing depending on the month. I kind of like the idea of loading up on some DRIP investments for the next 20 years or so. Thinking eventually this crazy growth cycle will cool off and dividends might be a more consistent gainer than growth. I just want a bunch of ideas thrown out there for myself to research. So I pose the question if you had to chose a few investments to DRIP for 20 years what are you choosing? +Is STAG considered a good price for stock currently? +I watch this and just see it going up. Is there an end? Is it overpriced now? +What can we 'expect' going forward? +Is it a better dividend stock than T to invest in? +Iā€™m relatively new to dividend stocks per say, Iā€™ve always invested in pure stocks and shares and never thought I could retire off the dividend payments once my portfolio grows to a good amount. + +A question I keep asking myself whilst doing my research, and particularly a number of YouTubers I follow all seem to recommend to invest in stocks which ultimately have gone down in value over the last year, but because they pay a good dividend they seem to think thatā€™s ok. + +Is it though? + +Surely the idea is that you want your portfolio to grow over the years, and also pay dividends. + +Iā€™m considering switching mine to good stocks with growth in both value but also a solid dividend, although thatā€™s a little tricky this week of course! + +Iā€™ve currently pulled all of my shares out whilst this blows over, looking at reinvesting for dividends this time though - any tips greatly appreciated. +Hi /r/ukpersonalfinance. A few years ago I decided it was time to start investing some of my savings, but it took me a good year or so to build the confidence to actually start doing that. I've finally got around to writing up some of the things that I wish I'd had explained to me earlier, rather than having to figure these things out myself. I think a lot of this stuff is probably in the wiki, but I wanted to create an accessible summary that I hope someone like me a few years ago would find useful. + +(I've also posted this at https://reboapp.co.uk/blog/2019/06/17/your-first-steps-investing/) + +# Getting started with investing + +At some point in your investment journey you will make your first investment. It can be a scary leap to take your hard earned cash and put it into something with unpredictable returns. The world of investing can also seem like it's only for experts but it's actually surprisingly accessible and easy to do for anyone, so long as you understand a few basics. + +## What is investing? +Investing isn't scary, or something that only people with lots of money and experience and risk tolerance can do. It's not about taking risks and making millions (or more likely going broke) but rather it's about doing something more productive with your money than having it sit in a cash savings accounts. + +An investment is just something you own which you expect to either go up in value or produce income for you. Owning shares in a company is one example, since companies tend to both grow and pay out portions of their profit as dividends to their shareholders. Other examples of things you could own as investments are [government bonds](https://en.wikipedia.org/wiki/Government_bond), [corporate bonds](https://en.wikipedia.org/wiki/Corporate_bond) and precious metals. + +## What should I invest in? +Sadly, there is no definitive answer to what you should invest in, but there are a few well understood principles that should let you construct an investment portfolio that is right for you: + +## Diversification +There is always uncertainty in investments but you can reduce the risk and volatility by being invested in lots of different things. For example, if you only held shares in only one company, and that company went bust, you would have lost all of your investment. However, if you were invested in 100 companies, then chances of them all going bust is much smaller small, and so your risk is significantly reduced. + +If all of those companies were in the same sector, or of a similar size, then there are still risks of the economy shifting in a way that puts all of those companies at risk at the same time. To help prevent this, you could diversify your investments across companies of different sizes, and in different sectors. You could also invest in other types of investment, like bonds. Ideally, you'd hold investments where the behaviour of one investment is unrelated to the behaviour of the others. + +## Be in the market, don't try to beat the market +If you look at the historical trend of the UK and world stock markets, there has been long term growth. This may not be true year to year but on a long enough time-frame it is. If you had a small investment in every company in the UK, you would have historically seen long-term growth of your investments, regardless of the individual success or failure of each company. + +An alternative strategy would be to try to pick individual companies and investments which you think will do well. However, it's nearly impossible for an average investor to reliably pick investments that will beat the market on average. There are lots of well-funded, clever people working on this full time who struggle to do so, so you probably can't. Instead, if you can aim to replicate the growth rate of the market through your investments, then you will historically achieve reliable long-term growth, which is a good aim to have. + +## How to achieve these aims + +To be diversified and replicating the market, you'd need to hold many hundreds or thousands of investments. Fortunately, there are things called funds which handle all of this for you. You buy units of a single fund, which in turn holds many hundreds or thousands of shares in different companies, or bonds, across different countries, or sectors, or sizes, depending on the fund. + +The [Vanguard Lifestrategy funds](https://www.vanguardinvestor.co.uk/investing-explained/what-are-lifestrategy-funds) are specifically designed to meet the above aims. These funds are popular amongst individual investors who want to have a passive approach, holding investments in a small number of funds which are a diversified across different sectors, assets and markets. + +## The logistics of investing + +Buying units of these funds is a little more complicated than adding cash to a savings account, but not much more. You will first need a trading account with a broker. This is like a bank account, but where you can hold investments in shares, bonds, funds and other tradeable assets. Like a bank holds cash on your behalf, a broker holds the investments on your behalf, and interacts with the systems and markets where these investments are bought and sold. + +[Monevator maintain a list of brokers, and the fees they charge](https://monevator.com/compare-uk-cheapest-online-brokers/), which may help you in selecting a broker to use. Opening an account tends to be similar to opening a bank account in terms of the number of hoops you need to jump through, but different brokers may have different processes. + +After you've opened a trading account, you can transfer cash into the account. From there you can use that cash to buy units in a fund, or other investments. The price of a single unit of a fund varies daily based on the value of the underlying assets. When you choose to buy the fund, you will typically tell your broker to buy some amount, for example Ā£1,000, of the fund. The broker will then execute this trade for you. For some asset types, like shares in a company, this may happen quickly, but for funds like the Vanguard Lifestrategy, these trades happen once per day. So you will find out the next day (or potentially a few days later), what the price was at the time of your broker performing the trade for you, and so how many units you have actually ended up with. Note that unlike shares in a company, you can hold fractional units of a fund, so you can likely choose down to the penny how much to invest, regardless of the price of the fund. + +## Different types of account + +You may have some of your cash savings in an ISA, where any interest is tax free and that you can contribute up to Ā£20,000 per year to. You can also hold your investments in a similar Stocks & Shares ISA, where any income and or capital gains from your investments are tax free. You have a total allowance of Ā£20,000 per year across both cash and Stocks & Shares ISAs. + +You can also hold your investments in a [SIPP (Self Invested Personal Pension)](https://www.moneyadviceservice.org.uk/en/articles/self-invested-personal-pensions) account, where any contributions get a tax rebate, but you can't withdraw until you are 55. + +When you open an account with a broker, you will have the choice of opening a regular trading account, an ISA or a SIPP. You will be able to open multiple accounts of different types if you want to. + +## Tax implications + +Before you make your first investment, it's important to know that holding investments may introduce some additional complexity to your tax situation: + +* If your investments produce income from interest payments or dividends, you are liable to pay income tax on these. This tax will not be deducted automatically as it is when you are a PAYE employee, and so will need to report this to HMRC yourself via a self assessment tax return. +* When you sell any investments, you may be liable for [capital gains tax](https://www.gov.uk/capital-gains-tax). If you bought some assets for Ā£10,000 and then sold them for Ā£12,000, you would have made a capital gain of Ā£2,000, on which capital gains tax may be due (although you have a tax-free allowance each year). + +The above only applies to investments outside of a tax-efficient wrapper. Investments in an ISA or SIPP will not be liable for the above taxes. + +## Next steps + +This is only meant to be a high level overview of what you need to know and think about while investing, and it's certainly not comprehensive. You should make sure that you fully understand the implications of starting investing, do your own research, and speak to a financial advisor if you are uncertain. Good luck on your investment journey! +Just received this email from Coinbase support regarding the OMG drop: + +Hi there, + +Thank you for contacting Coinbase. + +Unfortunately, our key-signing mechanism is not equipped to handle alt-coins that run on top of digital currencies such as bitcoin or ethereum. The security and integrity of our private keys is of the utmost importance to us. As a result, the specific private keys associated with an address are not physically available to any single person. It would take a massive effort and some very large engineering resources just to access a specific key, not to mention the inherent security risks involved. + +You can learn more about this on our FAQ: +https://support.coinbase.com/customer/en/portal/articles/2829461-altcoins-and-icos?b_id=13521 + +I understand that this is extremely frustrating, but the unfortunate reality is that maintaining and prioritizing the security of our private keys is our top priority, which means we will not be able to return any alt-coin funds accidentally sent to Coinbase-controlled addresses. I apologize, and wish there was something more we could do. + +Thank you for contacting Coinbase Support. + +Best, +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! + +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! + +After reading widely and careful consideration it seems *highly* unlikely to me that a 'wisdom of the crowds' scatter-gun investment strategy into what amounts to a raft of moonshot kickstarter projects will provide gains that would even break even, let alone outperform Ethereum itself. + +Crowds are *awful* at making business decisions. Even more awful at making investment decisions, and I feel that a majority-wins generalist approach to kickstarting based on a get-rich fantasy is a terrible way to fund projects. + +My guiding stats were that only 36% of Kickstarter projects are successfully funded, of those 9% fail to deliver anything whatsoever, and in trading less than 2% of traders make money. Combine those stats and I got some sense of how bad an idea it was to lock ETH into the DAO. + +Essentially you're taking a crowd for whom 98% of their investment decisions are garbage into an arena where 64%+ of the projects are junk and running on a platform that almost nobody understands. I can't see this going well for now. + +Considering that one needs to buy ETH to invest in the DAO, and the strong probability that the DAO will lose money, staying in ETH seems the logical safe choice. + +Perhaps in five years a decendent of this project could be a winner. For now hell no, I'll keep my ETH untouched before the DAO token price collapses on the open market. + +What is your opinion about my position? I'm open to reconsider, but this seems the correct position for now. +So she knows I've been investing into ETH for a while now, and recently I asked her if she was holding any crypto. I was surprised when she told me she invested into a general crypto/BTC market fund with her bank. Apparently they tried to convince her not to, but she made them do it for her. + +I told her why the bank doesn't want her investing in crypto, and that I thought it would be a better idea to take the money that the bank's investing for her, and buy her own crypto with it. That way she can actually own it, hodl it, and access it at any moment. In my opinion the best part to crypto is that it enables you to be your own bank. If you own your own crypto assets you can explore all that the world of defi has to offer or simply do nothing and hodl it. + +Anyway, I send her 10$ of ETH with Coinbase and tell her to open an account. She sends it back convinced its a pyramid scheme if I had to send her 10$. Obviously I was just being nice and explained to her that I didn't have to send her any money. Still doesn't want to do it. Seems like she's intimidated by the tech and scared to hold her own crypto. That or she just actually thinks ETH is a pyramid scheme and BTC is the only crypto of value. + +Basically she's smart enough to force her bank to invest her money into a crypto/BTC fund but scared to buy her own crypto and is convinced ETH is a pyramid scheme. +I own a material amount of ETH. I'm an ICO investor and Early Adopter. + +I'm losing a crazy amount of money as this thing crashes. + +But I hope it keeps crashing, and not so I can buy more (I can't buy more as I'm fully invested ) + +I hope it keeps crashing for all the Ether holders who are trying to separate themselves from the DAOs problems. + +The mentality of "It's not my problem. They invested in something stupid. They should have read the code. They should lose all their money" sickens me and makes me ashamed to be part of such a community. + +For one thing it is a reckless position to take. + +1) The DAO flaunted SEC crowdsale rules. That might be fine and dandy if it's a roaring success, but if it's a catastrophic failure? There will be inquiries. All the curators, the dream team of Ethereum will be subpoenaed. And it may not stop there. + +2) There will be a continuous outcry from butt hurt people. The community will be forever divided. In the fast moving crypto space it will not survive, some other smart contract project will supercede it. + +So guess what ETH holders the DAO problems are your problems. + +Honestly it could have happened to any big complex smart contract. + +Just last week Maker narrowly escaped a similiar attack. + +Something like this was bound to happen at some point. + +The community needs to unite. + +But if it is divided it should fail. + +And as it is now divided I welcome the crashing Ether price with open arms. + +We should be united and fighting, not clinging to the Bitcoin playbook like scared little children. + +Big changes in Ethereum need to be made. Best practices need to be hammered out. Perhaps we need decentralized insurance to protect against catastrophic loss caused by code. Perhaps we need a decentralized Moody's for verifying smart contract safety. + +In any case, this loss could have happened to anyone. And the scope of the loss is too large for anyone in the Ethereum community to survive the loss. + +So unite and look for a solution. + +But while Ether holders continue to make hurtful statements towards DAO holders I applaud this crashing Ether price and say with a devilish voice inside my head, "Burn baby burn!" +Use this for all questions, answers, proposals, opposals, discussions, etc. + +Details can be found [here](https://paritytech.io/blog/security-alert.html). + +Wallets affected are the ones deployed since july with Parity. + +This thread is for general discussion including price & market discussion. The equivalent thread for r/ethereum can be found [here](https://www.reddit.com/r/ethereum/comments/7bl6da/megathread_parity_multisignature_library/) +I donā€™t doubt that the customer service reps are being told by their superiors that this was a simple split. Any recommendations where I should take this next? +So my current TV is a \~2008 50" plasma, I looked up the consumption at **its 497w!** + +I pay 22-25 cents per KW/hr, and we use the TV \~4 hours a day - so, over the year, this TV costs me \~$180 a year. + +I just picked up a budget, 65" 4K TCL for \~$500, with tax. This TV uses \~ 70 watts, which, at 4 hours a day, is $25/year. So, this TV will effectively pay for itself in cost savings in about 3 years. + +&#x200B; + +Here's how to do the math on this for your devices and appliances: + +A) Find the power consumption of the current device. + +* Find the manual or specifications online - If this is published, it will look like this: + * Power Consumption: 497 watts +* Next you need to convert this to your annual cost: + * 497w \* 4 hours / day \* 365 days = *725620 watt hours,* then, */ 1000 =* 726 KWh over a year + +B) Find your power rate: + +* Look at your utility bill, you will see how much you pay per KWHr. +* You may pay different rates at different times of the day +* Or you may pay on a tiered basis where you pay a certain rate up to a certain amount of power used, and then a different rate for power used over the 'typical' allotment +* Also rates may fluctuate over the year depending on your area and how your power is generated. Rates are of course generally higher during the coldest months and the hottest months. +* Use your best judgment to come up with an average number. +* Mine is about 22-25 cents per KWh, usually on the upper end. I just averaged this to 24 cents. + +C) Determine your annual cost: + +* 725 KWh \* $0.24 per KWh = $174 + +D) Repeat the process for the new device + +&#x200B; + +&#x200B; + +E) Sometimes the manufacturer will not publish the actual consumption, but instead publish and Energy Sticker, like this: + +[https://www.tcl.com/usca/content/dam/tcl/product/home-theater/4-series/download/s435-energy-guides/65S435-energy-guide.png](https://www.tcl.com/usca/content/dam/tcl/product/home-theater/4-series/download/s435-energy-guides/65S435-energy-guide.png) + +* For TVs, these are usually based on a 'typical' usage of 5 hours and 12 cents per KWh. It tells you this on the sticker + * Note that if this is, say, a Washing Machine, the numbers will be different, "6 loads a week, 12 cents per KWh" + * [https://images.homedepot-static.com/catalog/pdfImages/7b/7b9552ce-1906-4513-8d20-7e317532375d.pdf](https://images.homedepot-static.com/catalog/pdfImages/7b/7b9552ce-1906-4513-8d20-7e317532375d.pdf) +* Ok - so back to the TV sticker. To convert to your usage and cost: +* Say I use the TV for 4 hours: + * $16 \* 4 / 5 = $12.80 / year. But, note that, this is still assuming 12 cents per KWh +* Say my energy costs 24 cents: + * $12.80 \* .24 / .12 = $25.60 +* Hence, this TV saves me about $150 / year in power, and will thus pay for itself in a little over 3 years. And is a 4K 65" to boot. + +Viola!!! Happy Savings! +Like when you swipe a debit card then it asks "debit or credit?" + +If I wanted credit I would have swiped my credit card. + +EDIT: wow I did not expect this to be such a debated topic. +I'm about 40k down. At first I couldn't sleep. Then I constantly woke up at 3:59am without an alarm and kept constant tabs on my popcorn, gme and bb.. + +Then came my constant YouTube binges. Then I came back to where it all started, reddit. Suddenly a sense of peace and serenity took over. Its been about a year for me but coming back here I realized we've already won. + +You see. We've all learned so much over the last year. Millions of us. +We're stronger cus we're better informed. We've exposed the system and it's big players for what it is. The system, A scheme rigged to favor the select few. The big players, fraudulent, manipulating thugs. The enforcers, exposed as mere puppets. + +Like I said We've already won. + +The only thing left for us to do is hodl and wait. + +P.S. I still wake up and check out the market like clockwork, but much calmer. +This is a random thought I had while doing some reading. + +How has it come to pass that on the evening news that we always see only stock indices? Why not bonds? + +It's plain to see that the amount in debt securities overwhelms the amounts of equity securities held. Debt securities also do not show quite the volatility of their equity counterparts. + +Sure, if you want to spread fear among the general population, show them plummeting stock prices but when most pension funds are likely put together with bonds, why make the problem worse? Why purposefully ruin the general sentiment about the market among the general public? It seems to me that this is actually counterproductive. My first guess is that it's because stocks are easier to understand, though I doubt any average person actually understands anything about financial markets at all (I don't claim to be an expert, either). + +Just a random thought after hours of studying/reading on a rainy day with which I hope to generate a small discussion (and maybe even get an answer or two). + +*If this kind of post ins't allowed or undesired then im sorry* + + +The market can be hard sometimes so I wanted to share non-stock related thoughts to distract you guys from the stress of life for a bit + +As the title says; **I love you guys** + +As a 20 year old new investor the amount of friendliness and help I recieve here really means a lot to me. + +You guys share your DD and your picks for us to jump in + +We share thoughts and discuss (and most of the time people are nice) + +You save people from losing money + +People with more time in the market than me share their experience + +and more. + +Im here to stay and hope that one day i'll be able to give back. + +considering my age, none of my peers or my GF are interested in stocks and investing, reddit is my only place for investment related talk so.. + +&#x200B; + +I just wanted to say thank **you** +15-20% cap gains tax is absolutely absurd. + +I mined my holdings in 2014/15, and because i technically never purchased them, i never reported them on my taxes. According to a couple opinions from tax accountants, because I never reported it, if I were to sell it would always be at max cap gains tax which is 15-20% in the US (depending on income). + +So here I am, now a 7 year long HODLer who has never once sold a single coin, waiting to buy a house outright with bitcoin directly. + +fuck the feds and fuck fiat. 2 da moon. +I invested in LINK a few weeks ago when I was alerted about the project from a friend. The first thing that caught my mind was: partnership with **SWIFT** as well as its participation of the (then) upcoming **SIBOS** conference. That to me was *huge* and it immediately caught my attention. After that, I dug a little deeper and found out about the ChainLink use case being a decentralised oracle, helping smart contracts understand real world off-chain data feed as well as helping real world corporations integrate smart contracts (blockchain technology) into their existing processes. + +USP *check* + +I researched a bit more and found out that they were going to do a "[live demo](https://www.sibos.com/conference/conference-programme/bridging-dlt-and-swift-messaging-smartcontractcom-innotribe-industry) of a Proof of Concept where a DLT platform manages ISO 20022-compliant bond instruments, while an ISO 20022-aware Smart Oracle settles coupon payments off-ledger through ISO 20022 payment messages over SWIFT." (btw this is the first item that comes out when i googled sibos dlt) + +Product *check* (I'm assuming that the live demo was a success). +Market visibility *check* +Partnership *unclear* + +Next, as an investor, I wanted to know if I could make any profits out of my investment. The market cap was about $140m. At that point of time, I used Ripple as my comparison, because ChainLink works with SWIFT, and SWIFT are direct competitors with Ripple. $140m vs $6000m market cap. Plenty of room for growth. + +Room for growth *check* + +The following weeks brought about a roller coaster ride in terms of price, going up and down and up and down. As I researched more after my investment, more information started to come to my attention. The most glaring one was that SWIFT is **NOT** using LINK for its cross border gpi solutions, which was the main event of their conference. I had automatically assumed that SWIFT working with DLT was a reference to ChainLink, but I was wrong and it heavily dampened my immediate valuation of the coin. + +Furthermore, the ChainLink team was not helping with its total lack of communication with us, its public investors, through either Reddit or its Slack channel. (No Rory, there wasn't enough substance in your replies to consider them as communication.) + +The situation worsened as we caught on to a [picture](https://twitter.com/addyching/status/919995073990979591) of the conference room in which the presentation was held. + +There was a heavy mismatch of expectations, and prices tanked. + +So why am I still bullish on the project despite the disappointments? + +That is because I found that there were many positive takeaways that were drowned by the voices of the differences in expectations. + +Firstly, SmartContract (ChainLink's parent company, LINK is the token) was featured in major crypto news site [CoinDesk](https://www.coindesk.com/swift-startup-winner-demos-smart-contract-trade-5-financial-firms/). It was a very positive write up that gave LINK a much needed dose of optimism. + +Secondly, during right about the time when the SIBOS conference started, Rory (the admin for the ChainLink slack channel) started to communicate with us a little more. He briefly mentioned that the live demo was a success, and this was reiterated by Sergey in his official announcement on Slack. This proves that they have successfully proven their Proof of Concept to work. (pun intended) + +Thirdly, the names of the corporations that ChainLink has been working with are *huge*. Although there is no promise of any partnerships as of yet, it is not difficult to see that something may be already brewing on the blocks. These names, in one way or another, includes SWIFT, SONY, AXA, Barclays, BNP Paribas, Fidelity, Societe Generale and Santander. ChainLink was never meant to disrupt, it is meant to integrate. Its use case gives traditional corporate giants incentive to partner up with ChainLink should they want to employ DLT solutions without overhauling their entire operations. + +Fourthly, although my valuation of the coin has gone down drastically as I no longer use Ripple's market cap as a marker, I still see that there are plenty of growth opportunities in price due to its relatively low market cap. In my humble opinion, its unique use case gives LINK potential to be placed in at least the top 20 market caps. As of now, position 20 is taken by WAVES with a market cap of $397,124,000. (LINK is sitting at 52 with a market cap of $122,363,500 at the time of writing). + +Fifth, ChainLink has [joined the Enterprise Ethereum Alliance](https://entethalliance.org/hewlett-packard-enterprise-47-organizations-join-200-member-strong-enterprise-ethereum-alliance/) under the name of SmartContract. Now picture crypto projects like Lunyr working with existing corporations, with ChainLink as its connection for off-chain data feed. You would also want to take note that Factom are already existing partners with ChainLink. + +Last but not least, Rory has repeatedly mentioned on Slack that there will be no announcements made during SIBOS. Everything will be done after. Today is the last day of the SIBOS conference, and I am hoping (fingers crossed) that there will be positive announcements coming up. + +In conclusion, after re-aligning my expectations for the project, I feel that its current valuation still has plenty of room for growth, both short term and long term. + +And this is why I am still **BULLISH** on LINK. +My parentā€™s garage roof has been damaged by the huge amounts of rain weā€™ve had in Sydney earlier this year. + +Thereā€™s black mold forming on the garage ceiling as a result of improper installation of the gutters, which have overflowed with rain water and leaked into the roof. + +An assessor inspected the damage recently after many months of waiting and my parents have been told their insurance will not cover cost of repairs as the cause was due to a lack of maintenance / building fault (rather than sudden, unforeseen damage). + +We have received a quote for repairs and itā€™ll cost roughly $7k to get the roof restored. Are there any options we have in terms of financial support to help with this cost? + +My parents are on the pension and were able to claim $1,000 from Centrelink as part of a flood disaster relief payment so far. + +Any advice would be appreciated! +As an Australian I can confirm everything is upside down. Worst case scenario a recession hits the USA. Markets hit an all time low. Just invest in Australia. Everything is upside down so the markets will boom rather than crash. How has nobody thought of this. It's literally free money +Welcome, please discuss GME here! Some info for you: + +* [How short interest works](https://www.investopedia.com/articles/01/082201.asp) +* [How a short squeeze works](https://www.investopedia.com/terms/s/shortsqueeze.asp) +* [Recent actions by brokers & clearing houses](https://www.reddit.com/r/stocks/comments/l8rhr3/weekend_gme_thread_homework_for_all_lets_stop/) +* [Wait, clearing houses?](https://www.investopedia.com/terms/c/clearinghouse.asp) +* [Wait, what about brokers & market makers?](https://www.investopedia.com/ask/answers/06/brokerandmarketmaker.asp) +* [Some more info on how hedge funds short](https://www.reddit.com/r/stocks/comments/l8mk8v/gme_second_act_margin_call_explained_amc_other/) +* [Was this predicted?](https://www.reddit.com/r/stocks/comments/l8r0oo/the_rise_of_gme_was_predicted_step_by_step_143/) + +And the [gamma squeeze explained](https://www.reddit.com/r/options/comments/l9rdrt/lets_clear_up_a_few_misconceptions_about_gamma/) requires some [options knowledge here.](https://www.reddit.com/r/stocks/wiki/options-themed-post) + +Some other articles just in case you heard these terms: + +* [front-running, btw this is illegal](https://www.investopedia.com/terms/f/frontrunning.asp) +* ["order flow" which is legal](https://www.investopedia.com/terms/p/paymentoforderflow.asp) +* [high frequency trading (HFT) very legal](https://www.investopedia.com/terms/h/high-frequency-trading.asp) + +**See [trading halts here](https://www.nasdaqtrader.com/trader.aspx?id=TradeHalts)** and aggregated [GME news here](https://finviz.com/quote.ashx?t=gme) just scroll down. + +Lastly if you need help with a falling stock price, check out Investopedia's [The Art of Selling A Losing Position](https://www.investopedia.com/articles/02/022002.asp) and their [list of biases.](https://www.investopedia.com/articles/stocks/08/capital-losses.asp) + +And if you need professional help: + +* 24/7 Crisis Hotline: 1-800-273-TALK (8255) (Veterans, press 1) or Text ā€œHOMEā€ to 741-741 +* Call or Text: 1-800-522-4700 (Problem Gambling) or chat https://WWW.NCPGAMBLING.ORG/CHAT + +Updates: gamma squeeze, trading halts, and aggregated news, health lines + [Part 1 (BWBs)](https://www.reddit.com/r/thetagang/comments/g12cbz/free_butterflies_how_to_yolo_safely_and_bwbs/) + +I wasn't 100% satisfied with my post this week so I've decided to bring you another + +Many of you enjoyed the BWBs (who wouldn't, right?), so it only seemed fitting I do a post on Ratio Spreads. What is a Ratio Spread? + +[Ratio Spread](https://preview.redd.it/ryqy18nl2jt41.png?width=1638&format=png&auto=webp&s=0d9ada58e1e7344601839610f0ee167ad493b292) + +There are three different ways we can look at this: + +1. Buying 1 option and selling 2 of the same option type farther OTM +2. A traditional Butterfly missing the farthest OTM wing +3. A naked option and a Vertical Debit Spread + +If you remember from the BWBs, we were selling an *embedded credit spread* that you couldn't really see. This is just like that, except instead of a credit spread, we're selling an *embedded naked put*. So just like a BWB, to turn this into a free butterfly, all we have to do is buy back our *embedded naked put* for less than the credit we received from the original trade ($2.78 in this case) + +[Buying back the put](https://preview.redd.it/tcvd1yyk3jt41.png?width=1638&format=png&auto=webp&s=f755aa760459570aa07eee2e7e4e1e586efc47f2) + +If this trade were executed at this price, we'd be left with a Butterfly with a max loss of a $1 profit + +[Free Butterfly](https://preview.redd.it/i5sn3lcv3jt41.png?width=1638&format=png&auto=webp&s=4f99de73c7964322f090d0775b49b8d6b8850f1b) + +But this strategy isn't just for free Butterflies. I think this may be a good alternative to selling a naked put, as if the underlying moves against you, you have that Put Debit Spread which will reduce your loss/cost basis on assignment. I will do a post soon comparing a naked put to naked put alternatives, as that seems to be a pretty common strategy here + +[Ratio Spread Breakevens](https://preview.redd.it/leqz1yxh4jt41.png?width=1638&format=png&auto=webp&s=406be68a00975d55e2e6f6f400e760ba00857500) + +*Red Line = Breakeven* + +*Green Dashed Line = Butterfly Profit Range* + +**Note: This is an undefined risk trade. The Broken Wing Butterfly is the defined risk version of this trade. Please do your own research, and don't place trades like this until you fully understand the risks involved.** + +**Sidenote:** I usually like to place these on the put side when an underlying is at the lower end of it's range and volatility is high, but seen as everything's up right now, that wasn't really an option +So like does everyone here keep meticulous detailed records of every time they open and close a position for tax reporting purposes? + +I kindof assumed my broker would send me a bunch of paperwork around February next year that I could enter into turbo tax or something, but now im seeing mixed answers after a quick Google search. + +Halp. + +I dont wanna go to prison. +Hello theta gang, while watching tasty, Tom mentioned that there was nothing wrong with a trade, other than that it was speculative. My question then is why would one bother to be speculative, wouldnā€™t we be best off selling strangles? I can understand when market shifts and your delta becomes too directional, but to be quite honest, even in playing a contrarian move, why not at least play a skewed strangle? You never really know if the stock will continue to head in one direction. Why bother speculating? + +I guess I wasnā€™t clear: why bother selling short naked calls or puts on an underlying as opposed to selling short strangles to avoid speculation, neglect call and put skew. +Iā€™ll include indexes too. Mine in no particular order are GOOG, AAPL, MSFT, GME, and SPY. What are yours? + +I should probably diversify a bit, I tell myself to be involved in different sectors but at least SPY covers a lot (though also heavily weighted with those first 3). Something like COST or TGT, maybe energy but Iā€™m not too sure about that right now. Still, I like my 5. Feel free to roast me:) +Just started two weeks ago. Only doing cash secured puts / wheel at the moment. + +What do you guys do on these Green Dayā€™s like today ? I couldnā€™t find any positions to open, premiums too low. + +I sold some really nice puts last week on the red days. + +Edit: *1 day later* => *red day* => *opening nice positions for decent premium* +I've been early assigned on ITM puts 3 times in the past 3 weeks. One of them was just by a few days, but the other two were by several weeks. + +In 2 years of selling puts, I've never had that happen before, even when I had puts much farther ITM. +Hey, thetagang, I've just started my journey in stonks and options not long ago and I've finally decided to give options a go, but I don't want to end up yoloing all my live savings into FDs and end up living in the streets. Thus, I thought of trying out some thetagang strategies. Before making my first trade, I've been doing my own research online about options in general and binged real hard on the theories like the greeks and all those, though I'm still a tad confused in the end. Despite that, I've decided to proceed on and start on my first trade with some basic strategies, namely Wheeling PLTR and selling PCS on SoFi. Due to my meagre account size with only around 2.5k\~ ish in USD, I figured that I'd start off with some safe credit spreads and wheels on PLTR since I don't mind owning it. + +&#x200B; + +**Setting Up** + +Frankly speaking, I've already made another trade before this week, and tried to sell weekly puts but I decided against it and roll out my positions. So, for this trade, I focused on puts with a 0.3 - 0.4 delta and 30\~45 DTE. As such, I sold a OTM PLTR put at a strike price of $22 expiring on 17/12, and I noticed that my account "margin call" margin has increased to around 1.1k USD. Though, I didn't really take much of a notice and proceed to setup my PCS for SOFI by selling a OTM put at $20 and buying a put at $18, while collecting a net premium of $63 which brought my breakeven down to $19.37. However, after this trade, my maintenance margin increased by another 1k and thus, bringing the total "margin call" margin to 2.1k\~ and my account's risk level was immediately raised to "High Risk". I panicked a little bit, but I ignored it in the end. As both PTLR and SOFI have been doing pretty shit lately, both my PLTR CSP and SOFI PCS were down by quite a lot, and my account's risk level has finally been brought up to "Warning", one level before "Margin Call". + +&#x200B; + +**Possible Margin Call** + +For my first trade, margin call sounds like utter hell to me, so I quickly consulted customer service, and I was told that Cash Secured Puts and Spreads are not supported by the platform as of now, and the only way of avoiding margin call would be to close my positions, deposit more money or transfer in shares. I clarified again with the customer support and I was told that despite not being assigned on my puts, I would still be in a margin call and would be forced to liquidate all my position should I not take any action within 48 hours upon margin call. In spite of being well aware that my maximum loss for my SOFI PCS is only $137 and that I'm happy owning 100 shares of PLTR @ $22, I was afraid of a margin call and I had to close my SOFI spreads to bring down the risk level of the account and so I suffered a loss. Though, I left my PLTR put as is, since my account's risk level has been brought down to the "Low Risk" zone. + +&#x200B; + +**Question** + +After this mess, I was left wondering should I also close my PLTR put since, presumably it's being treated as a naked put by the platform, despite having enough funds to cover assignment or should I leave it be? Also, is it normal for a vertical spread to increase my account's margin by 1k-ish? Or rather, in general, is there anything that I can improve on for future trades? Any help is appreciated, thanks! + +Here's a screenshot of my positions: + +https://preview.redd.it/lzk1sg8zkk081.jpg?width=1080&format=pjpg&auto=webp&s=ad5be34488f44956d3d65a9c803e230de02d95cb +I sold JMIA 15p on Monday. The position is up 50% currently. If I close it out for 50%, I can make another play. If I wait, there is a decent chance the puts expire worthless and I make 100%. Are there commonly accepted best practices for closing out positions early? + +I'm inclined to cash out and make an earnings play, but I feel like I'm drifting towards gambling at this point. + +Edit: I closed at $0.30 per contract after buying for $0.80 per contract. Current price is $0.15 so it wasn't perfect timing, but then again who'd have bet on JMIA being up 12% on the day. Took the money and sold CODX 11p 11/20. +I just started learning MQL programming 3 days ago. So big noob. + +After watching some forex strategy (using indicators) videos on youtube, I tried creating multiple EAs based on them. + +Some EAs were showing 300% return when backtesting using past year data. After some additional customisation and indicator condition combos I managed to make it 900%. + +But the problem is when I backtest it on different years or different currencies. The result varies a lot. Sometimes heavy loss or sometimes 10% return. + +I know I shouldn't expect a complete working algo in just a day. But I'm just confused if I'm on the right path or not. + +Is it possible to make a algo just using basic indicators that's profitable on all currencies/time? + +If not, then what should I check or what kinda test should I do with my algo that works on a speicifc currency or timeframe before deploying it to the live market? +I was just curious, does high frequency trading present a problem for people doing algotrading ? Are you affected by it at all ? I just finished reading Michael Lewis' book about HFT. They have an edge over some of the biggest Banks & hedge funds in the world, so I would think It's very difficult to use algorithms to trade profitably. + +I have been working in finance for a while, mostly private market M&A. I've always been rather skeptical when it comes to trading, but I'm starting to get really fascinated about algo trading, particularly after reading the book about Jim Simons. + +I would love to try it out myself since I know a decent bit of programming. However, I feel like it all seems a bit overwhelming. Reading about geniuses (like Simons) struggling for years and years before eventually succeeding with decent and stable returns, it seems a bit foolish to try this out... + +Those of you who have experience using trading algorithms, would you say that you could be successful with a combination of financial knowledge and programming skills? + +Thankful for any feedback :) +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include, but are not limited to, general discussion, details related to events of the day, technical analysis, and minor questions. +- Do not create separate posts outside the daily thread which can be identified under the content categories mentioned above. If you do, your post may be removed and/or heavily downvoted. Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +I have been considering Allstate for quite some time. They have shown insane stability over the past decade. + +First looking at their ROE, there has been one year where it was negative in 2008. Apart from that, they have shown good values for ROE between 5-20%. The payout ratio has been hovering around 18% on average but is around 12% currently. This is higher than a desired 10-12% but is slowly approaching the more ideal values. The recent growth in ROE is attributable to the increasing net income. + +Their profit margin is widening over time, and they have kept an attractive D/E over time. They have had a slow growth in revenue over the past 15 years. + +I could go on but most people here can interpret financial statements fairly well from what I have seen. They are not necessarily a growth company and the market does not perceive them as one as reflected in their consistently low P/E. But because they are trading below their intrinsic value (as per their DCF model) and their inherent and relative stability, I believe that they are a true value company. + +It would be nice to get some second opinions on this matter! +Personally, I look for lackluster net incomes, ebitdas, moats, relative EV/sales, P/E both to its history AND the industry and also Bad EV/CF. Also I look to see it trading near All time highs. One Iā€™m seeing right now is Called VTR. + +What are other important things to look for when looking for a ā€œbadā€ bearish stock? I want to start more short positions to make my portfolio more Delta neutral given I think the market is pretty overvalued right now. + +Thoughts and examples? +Also what is a good method for finding stocks hidden in the dirt? Iā€™m trying to go through large lists of traded stocks from A to Z and it feels like a tremendous tedious task. +Hi all, + +I have been building a "master spreadsheet" of financial ratios and metrics (ROIC, PEG ratio, etc.) to analyze stocks. I have about 30 ratios I've planned out and I've completed about 20 or so. However, there are a few remaining ratios that I am having difficulty inputting into my spreadsheet because I need underlying data for them. I wanted to crowd source the insights from this amazing community to figure out my issue. + +The Ask: I am seeking your help to understand where I can find the data points to calculate the variables for the following ratios. I would appreciate if you can point me in the right direction on where I would find the data to calculate these variables myself. Please note, I understand logically what the ratios below are, I just want to understand where to get the data for the variables that feed into the ratios. + +* For reference, I have used Yahoo Finance for certain variables (e.g., beta, forward dividend yield, trailing dividend yield), and; +* I have reviewed company financial statements (e.g., balance sheet, income and cash flow statements) for other metrics. + +But the variables I am looking for to build out the ratios below are not found in the references above. I would love to get some pointers/tips from you on where to find the data for the variables. + +The following variables are provided below (tied to the corresponding ratio) that I need to get data for. + +1. Variables for Omega Ratio + +* Sum of Returns above threshold return +* Sum of Returns below threshold return + +2) Variables for Beneish-M Score + +* Gross Margin Index +* Asset Quality Index +* Sales Growth Index +* Depreciation Index + +3.) Variables for Sortino Ratio + +* Annualized Return +* Standard Deviation of a Negative Return Series + +4.) Variables for Calmar Ratio & MAR Ratio + +* Annualized Return +* Maximum Drawdown + +If any of you have already created some of the metrics above with data for the variables then I would love to see your formulas if possible! + +Once I've figured these remaining ratios out, my intention is to share my hard work on all of these financial ratios and applied conditional formatting rules with you. In the coming days, I'll love to get your thoughts/impressions on this work and how it can be improved. But more on that in the future. + +Thank you so much for your time reading this post, and appreciate you sharing your knowledge with me! + +Looking forward to hearing back, +I want to hold Verizon, but as a non-US citizen, I do not like the high dividend because I have to pay 25% "source tax" to the US on it. This is not bad for somebody who must pay tax in Germany anyway, because it reduces from that tax and so one does not have a higher burden. But I do not have to pay any taxes (student) in Germany, so for me the 25% are avoidable. + +&#x200B; + +My solution would be to sell the stock one day before the ex dividend date and buy again on ex dividend date. Is this a feasible solution? +Hi. + +I'm from Europe and I'm new to the stock market. I've been doing my research lately, and some stocks that I "always" see recommended are Target and Viacom. I'm not from the US, so I'm not on par with the news that make those companies so valued. It's easier to be updated on big companies like Google, Microsoft, Apple, etc, but the news from some lesser known companies don't spread so easily. + +Can someone shed some light on those companies and tell me the reasons why they would (or wouldn't) be good stock picks? + +Other "less known" companies that I see mentioned many times are CVS (I know this one is big on the US but not here on Europe), Kroger and Abbott. Any info on these would also be appreciated. + +Thank you +*Company Overview:* + +[$CVX - Chevron Corp.](https://utradea.com/stocks/CVX) is a global leader in the oil & gas space, that operates in both the upstream and downstream segments. + +In their upstream segment, Chevron is engaged in the exploration, development, transportation, and production of crude oil and natural gas. + +In their downstream segment, Chevron is engaged in the refining of crude oil into petroleum products, marketing both crude oil and refined products, and the transportation of both their crude products and their refined products. + +***Investment Information:*** + +*SEC Filings:* + +Ā· Current Report (8-K) + +o On January 28th, 2022, Chevron released their Q4 earnings report + +Ā§ $5.1B in Q4 earnings ($15.6B annually), Free Cash Flow of $21.1B in 2021, $11.6B worth of share repurchases or dividends paid out in 2021, and a Full-Year EPS of $8.14. + +*ESG Initiatives:* + +In September of 2021, Chevron released their ā€œEnergy Transition Spotlightā€ presentation, which outlines their thoughts on the climate crisis, and how they plan to change their business going forward to be better for the environment. Firstly, Chevron highlighted their plan to reducing emission (ā€œpathway to net zeroā€) which shows that they are planning to reduce their emissions by investing in renewable, hydrogen, and carbon capturing projects. Chevron has estimated that their plans should puut them on track to reduce their GHGā€™s by 35% by 2028. + +Chevron also realizes that there is large growth opportunities in the renewable ā€œlow carbonā€ energy sector, and they have outlined multiple project that can help them to tap into that market. Furthermore, Chevron has highlighted that the renewable diesel and sustainable aviation, and renewable base oils & lubricant sectors can grow by 200% and 1900% by 2025 (44% and 171% annual growth rates) respectively. + +These high growth prospects can help Chevron to grow their revenues and potentially avoid the 2.88% decrease rate expected in oil. + +*Management Team:* + +This sectioned is designed to give you (the reader) insight into the background of the highest (executive) managers/officers at Asbury. The following people are listed as the highest-ranking members of the [Chevron Management Team.](https://www.chevron.com/about/leadership) + +**Michael Wirth (Chairman of the Board & Chief Executive Officer):** Mr. Wirth, 61, is chairman of the board and chief executive officer of Chevron Corporation. He was elected to these positions by Chevronā€™s board of directors in September 2017 and has assumed the role since February 2018. + +Prior to his current role, Wirth served as vice chairman of the board in 2017 and executive VP of Midstream & Development for Chevron from 2016 ā€“ 2018. In that role, he was responsible for supply and trading, shipping, pipeline and power operating units, as well as corporate strategy; business development; and policy, government and public affairs. + +Wirth was executive VP of Downstream & Chemicals from 2006 to 2015. Prior to that, he served as president of Global Supply and Trading from 2003 to 2006. + +**Pierre Breber (VP & Chief Financial Officer):** Mr. Breber, 57, is Chevronā€™s VP and CFO, a position he assumed in 2019. He is responsible for controller, tax, treasury, audit and investor relations activities worldwide. + +Previously Breber served as executive vice president of Downstream and Chemicals since 2016. Additionally, Breber was executive VP of Gas and Midstream. With more than 25 years of service, Breber has served in a number of leadership positions with increasing responsibilities. + +**Eimear Bonner (VP & Chief Technology Officer):** Ms. Bonner, 47, has been serving as the VP and CTO since 2021. She also serves as president of the Chevron Technical Center, which provides expertise to drive the application of technology, initiatives to transform Chevronā€™s digital future and innovative breakthrough technology to support the future of energy. + +Previously Bonner served as general director of Chevronā€™s largest joint venture, Tengizchevroil (TCO), in Kazakhstan since 2018. Prior to that, Bonner led the TCO organization and was responsible for ensuring strong business performance, advancing a major expansion project, and managing relationships with stakeholders in the Kazakhstan government. + +Bonnerā€™s previous leadership roles include deputy managing director of Chevronā€™s Eurasia Business Unit, an asset manager in Chevron Thailand, and general manager of Corporate Strategy. + +*As you can see, Chevronā€™s highest level management officers all have rich histories at the company and in their respective fields. Furthermore, they have all spent long periods of time advancing into higher roles within Chevron, which should imply that they all have extensive knowledge of the company from the ground up.* + +*Competitors:* + +In order to undergo the comparable analysis, we need to get an idea of their closest competitors. These competitors must operate in the same space, operate in similar geographies, be of similar market cap, and have valid financial ratios. Using this criterion, I came up with the following. + +Ā· [**$XOM ā€“ Exxon Mobil Corp:**](https://utradea.com/stocks/XOM) Exxon explores for and produces crude oil and natural gas in the internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, and petroleum products; and manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals. As of December 31, 2020, it had approximately 22,239 net operated wells with proved reserves. + +Ā· [**$SU -Suncor Inc**](https://utradea.com/stocks/SU)**:** Suncor focuses on developing petroleum resource basins in Canada's Athabasca oil sands. Suncor explores, acquires, develops, produces, transports, refines, and markets crude oil internationally. Furthermore, Suncor markets petroleum and petrochemical products under the Petro-Canada (in Canada). The Oil Sands segment of Suncor business recovers bitumen from mining operations, and upgrades it into refinery feedstock and diesel fuel, for direct sale to market. The Exploration and Production segment is involved in offshore operations in Canada and internationally. The Refining and Marketing segment refines crude oil and intermediate feedstock into various petroleum and petrochemical products; and markets refined petroleum products to retail, commercial, and industrial customers through its other retail sellers. + +Ā· [**$BP ā€“ BP PLC:**](https://utradea.com/stocks/BP) BP engages in the energy business worldwide. BP produces and trades natural gas; offers biofuels; operates onshore and offshore wind power; and provides de-carbonization solutions and services. BP is also involved in the convenience and mobility business, which manages the sale of fuels to wholesale and retail customers, as well as operation of electric vehicle charging facilities. In addition, BP produces and refines oil and gas; and invests in upstream, downstream, and alternative energy companies. + +Ā· [**$CVE -Cenovus Energy Inc:**](https://utradea.com/stocks/CVE) Cenovus develops, produces, and markets crude oil, natural gas liquids, and natural gas internationally. Cenovus operates through the Oil Sands, Conventional, and Refining and Marketing segments. The Oil Sands segment develops and produces bitumen in northeast Alberta. The Conventional segment holds assets in the operating areas of British Columbia and Alberta. The Refining and Marketing segment transports and sells crude oil, natural gas, and natural gas liquids. + +*Financial Information:* + +Ā· **Yearly Financial Performance (Good):** In 2021, Chevron was able to increase their revenues by 65%, their gross profits by 97%, reported an operating income of $15B (as opposed to a $6B operating loss in 2020), reported a net income of $15.5B (as opposed to a $5.5B loss in 2020), increased their free cash flows by over 12x, and increased their EBITDA by 192% YOY. + +Ā· **Yearly Financial Performance (Bad):** In 2021, Chevron reported an overall great earnings report. The only negative thing I have to say about it is that this was a ā€œone-offā€ event and broke a long downward trend in their financials. Chevronā€™s financial success is largely due to the strong oil prices in the last half of 2021. However, as long as oil remains this strong (even I only for another year or two) there is a good chance that CVX can yield great returns. + +Ā· **Q4 2021 Financial Performance (Good):** In Q3 2021, Chevron was able to grow their revenues by 91% (from Q4 2020 (YoY)), while limiting their COGS growth rate to 57% which helped them to obtain a higher gross margin. On the topic of gross profit, Chevron was able to amass $5B in gross profit (compared to -$0.66B in Q4 2020). Lastly, they were able to grow their FCF by 206%. + +Ā· **Q4 2021 Financial Performance (Bad):** Chevron had very little to talk about in terms of bad figures in their earnings. However, in Q4 2021, Chevron experienced a decline of 7.6% in their oil production level. + +***Investment Valuation:*** + +*Comparable Analyses: (Spreadsheet found at the end of this analysis)* + +By comparing Chevronā€™s financial ratios to that of their publicly listed competition (listed above in the ā€œcompetitorsā€ section) I found the following: + +*PEG Ratio:* + +Based off of Chevronā€™s PEG Ratio in comparison to their competitors, $CVX stock should be valued at $217.25/share, which would imply a share price increase of 56.4%, which is quite high. + +*P/S Ratio:* + +Chevronā€™s P/S ratio (compared to their counterparts) indicates that the CVX stock should have a fair value of $91.34/share, which would imply their stock is overvalued, and needs to drop by 34% in order to be t fair value. This comparable reflects a very different story than the PEG multiple. + +*EV/EBITDA Ratio:* + +Chevronā€™s EV/EBITDA ratio indicates that their fair value is $117.30/share, which would translate into a downside risk of 15.5%. + +*Comparable Valuation:* + +Due to the large variability between comparable analyses, I decided to take average the 3 comparable results. By doing this I arrived at a final comparable valuation of $142, which implies an upside potential of 2.2% + +*DCF: (Visualization found at the end of this analysis)* + +By inputting the necessary data into my DCF model, I arrived at a fair valuation of $CVX stock of $129.61/share, which implies an downside risk of 7%. + +*Dividend Discount Model:* + +By imputing Chevrons previous 5 years of dividends, calculating the 5 year dividend growth rate, and comparing this to their WACC. I came up with a fair value of $171which implies that Chevron has an upside potential of 23%. + +*Overall Valuation:* + +In order to provide simplicity, I wanted to come to one final, all-encompassing valuation for the $CVX stock. I did this through taking the average valuation of the Average Comparable, the DCF model, and the dividend discount model. By doing this I arrived at a price target for the $CVX stock of $147.50/share, which implies an upside of 6%. + +***Investment Plan:*** + +My plan for an investment in the $CVX stock would go as follows: + +Ā· Enter into a position below the fair value, preferably at/below $140/share. + +Ā· Hold long-term (1-3 years), and re-invest dividends + +Ā· Re-evaluate the position as new data is released (especially their financial reports to see if they continue their growth, or if their growth starts to fall short of expectations). +[https://youtu.be/IqgcbNbhMsA](https://youtu.be/IqgcbNbhMsA) + +Enjoy this video! It provides an example on how to quickly calculate the intrinsic value of a stock and apply a margin of safety on a spreadsheet. Obviously, you will need to come up with your own growth projections of the company by doing your own due diligence. +What stocks are on your radar this week? + +What's in the news that's affecting the market? + +Celebrate your successes, rue your losses, or just chat with your fellow Value redditors! + +*(New Weekly Megathreads are posted every Monday at 0600 GMT.)* +$AFI - Armstrong Flooring Inc has been an industry leader since 1860. Armstrong Flooring put their company up for sale in early 2022 and is currently going through the bidding process. AFI stated in a recent SEC filing that there are multiple interest parties looking to purchase AFI. + +**Why Companies Are buying AFI:** + +AFI is a household name, being in the business for over 150 years. AFI was once a well managed business that operated at a profit or break even during the early 2010's. However due to management change and inflation its core business has been operating at a Signiant loss for the past few years and hemorrhaging money. Revenue's have remained fairly consistent in the 650m range over the past few years while SG&A costs have been the main issue for AFI's downfall. Gross margins remain competitive among competitors however SG&A for AFI is significantly higher then its peers resulting in quarter over quarter loss. + +**Historical Price** + +AFI was once trading in the $20's in the mid 2010's however due to the burn rate and non stop losses it has sold off significantly to its current price of 1.46$ a share or 32m Market cap. + +**Book Value** + +AFI is trading at a massive discount to its book value. + +Book value of $9.15m a share with Equity amounting to around 200m as of 12/31/2021. + +The book value is 6.26 times higher then its current trading price. + +This is the main driver of all the potential bidders. + +**Property Plant & Equipment** + +AFI's PP&E breakdown is: + +Land 10.3m + +Buildings: 84.2M + +Machinery 451.2m + +Misc 27.7M + +Acc amort: (342.9m) + +Net Book value 230.5m + +**Premium on Assets** + +AFI acquired the vast majority of its assets between 2014 and 2017. Amounting to over 263.4m of PP&E additions during those years. + +AFI's assets are mainly held in the US (64%), China (30%) & Australia (6%) + +China's Commercial Property values have seen a increase of 30-40% since its 2015 lows. + +US Commercial property Values have seen a increase of 50-60% since 2014. + +So the vase amount of land/building purchases during 2014-2017 have appreciated above their cost value. + +Just to back this up, AFI sold its South Gate California property for 76.7m in Feb 2021 which results in a 46m capital gain due to this appreciation in value over time. + +All of its buildings are recorded at NBV when in reality the selling price of these assets will be above original cost of 95m. + +Selling Price = Cost \*20% growth (low end) + +Selling Price = 94.5m \*20% = 113.5m + +Acc Amortization = 47.25m (used 7 years amortization 50%) + +**Premiums on Buildings and Land** = 113.5m - 47.25 = 66.25M + +**Amortization Policies:** + +AFI amortizes its machinery between 3 - 15 years. The vast majority of its machinery was purchased between 2014 and 2017, meaning the majority of this machinery will be almost fully written off. Normal straight line rates on machinery sit between 5-20 years. This means AFI has over amortized a lot of their machinery resulting in lower NBV reported on their financials. + +Inflation has made the price of used machinery significantly increase over the past 2 years, New machine costs have seen a increase of 30-50% since 2020 due to commodity price increases. + +This means used machinery has also seen a significant increase in resale value as many companies are looking to buy used. (see what has happened in the used auto industry) + +**Premium on Machinery:** + +Cost : 451.2m + +Acc Amort: 270m + +NBV: 181M + +Over amortized Premium: 10% = 18m + +Resale bump on inflation 10% (low end) = 18m + +**Buyout calculation:** + +Q4 2021 Equity = 199m + +Q1 2022 Net Loss= (25m) (estimate based on history) + +\-------- + +Q1 2022 Equity 174m + +Premium on Land 66.25m + +Premium on PP&E 36m + +\------- + +FMV of Assets 276.25m + +Total Shares 22.4 million shares outstanding + +Price per Share : $12.33 + +Current Trading Price $1.46 + +**Realistic Buyout Offer** + +AFI's recent SEC filing confirmed multiple bidders on the sale of their company on the 31st of March. Completion of the buyout is to be finalized by mid June. Hopefully we see multiple buyers bid up the price. + +However many bidders will be leveraging the fact that AFI has to sell the company since its on the verge of bankruptcy with debt looming due come June. This fact alone will cause the buyout to be significantly below the $12.33 price calculated above. + +I am expecting a buyout in the $4-6$ range which values the book value at 50%. This is still a 150-300% premium on the current share price. If a bidding war occurs we may see a buyout of $6+. + +**Potential Buyers:** + +Mohawk - In the same industry, AFI's revenue makes up for 6% of Mohawks revenue and can be purchased for 3% of its current market cap. AFIs current CEO worked for Mohawk historically and still has connections to the company. Mohawk can clean house at AFI and incorporate their current staff to cut SG&A expenses. + +Tarkett - same industry and has been leaked that they were at AFI's headquarters recently to discuss potential buyout. Trading at 860m market cap, would be harder to acquire but same thought process here is to overhaul the SG&A department. AFI would increase their sales by 25%. + +Numerous Other Flooring Competitors who can purchase equipment for pennies on the dollar and increase revenues by 600m a year. + +Hedge Funds: We may see hedge funds look to tender offers in the $4 range and scrap the business/sell off divisions and assets for a gain due to AFI trading significantly below its book value +Iā€™m one month into investing. Started just buying whatever stock I read about on Reddit. Ended up with a bunch of penny stocks in weed and tech. Then got scared and switched to ETFs. So far Iā€™m down .10 percent so pretty meh performance. + +Iā€™m reading everything I can about value investing but can anyone explain their method of determining intrinsic value in a straightforward way? + +Can anyone learn value investing or should I stick to Vanguard ETFs? +**$AAL cheap or dangerous?** + +Ever since covid hit, and even before then, $AAL price has sunk. At its highest was in 2018, the stock was 55.4$ and currently is priced at 14.33$. + +**Companyā€™s debt** + +We all know that airlines have suffered a hard hit from covid and most of them have accumulated large amounts of debt. **$AAL has accumulated the most amount out of all U.S airlines**, more than $35B in debt, in comparison to $DAL which has $23.23B debt. Although, the current **debt\\equity** **ratio** of $AAL is 4.679 and $DAL is 4.62, very close. + +The company plans to balance its debt by 2025. + +**Companyā€™s revenue** + +$AAL quarterā€™s revenue stood at **$13.462B the highest itā€™s ever been**, and a 50% increase year-over-year. Also, this yearā€™s **current revenue is standing at $45.207B** setting a new yearly high with only a couple of weeks left. + +Demands for flights are at a high with the holiday season, $AAL flew a **25% tighter schedule** that its competitor. + +**More information** + +* Current market cap of 9.313B +* $AAL ROE is 19.72% and $DAL ROE is 2.17% +* DEBT to EBITDA 9.65 + +With fuel prices high and the companyā€™s debt, Iā€™m not sure that investing in a company like $AAL is the right thing even though the stock price is low and the high revenues. + +**What do you think?** + +[My portfolio](https://www.jika.io/u/Crowman?re=reddit) +Greetings! + + I have a finance & investing blog at [www.lucid-finance.com](https://www.lucid-finance.com/), and I am trying to figure out what content would help retail investors the most. Sometimes I feel like I am spraying and praying, trying to add value. So, do you find it hard to source reliable, accurate, long-term financial information? Are you looking for a high-quality stock screener? No idea how to conduct due diligence? Limited by psychological errors and biases? Don't know where to start? How to select a broker? International differences in accounting? + +Let me know - I want to create content that you find valuable. +(This was written for analytical purposes only and is not Investment Advice) + +Hi Guys, so you've probably never heard of DXC but essentially DXC was born upon the merger of 4 major IT infrastructure players, Computer Science Corporation (CSC), HPE Services, Electronic Data Systems and Xchanging. + +DXC is extremely large employing over 130k people across the Philippines, India, USA and Europe. Their business is divided into two segments of roughly equal revenue Global Infrastructure Services (GIS) and Global Business Services (GBS). At a very high-level GIS is responsible for managing customers IT infrastructure while GBS is the software component of the business offering both custom and turnkey software. + +Essentially the company took a major hit when they did all these merger and DXC ended up losing focus. Extreme cost reductions took place, IT infrastructure people began selling software with no previous experience and employees went 2 years without a raise. Apparently one major executive exclaimed that the culture was so bad that he needed direct approval from the CEO to hire a programmer in his region. Naturally this sort of strategy isnā€™t feasible in an organization with 100k employees. + +Eventually in 2019 the board of directors realized that a change needed to be made and Mike Salvino was brought in as CEO. Salvino has the distinction of being a seasoned executive from the industry leader Accenture. Incidentally this is Salvinoā€™s second turn-around he previously turned around Accentureā€™s Business Process Outsourcing Group which is a similar business to DXC. + +The main issue DXC faced when Salvino came into the picture is that revenue was rapidly declining and customers were leaving DXC. This is especially bad because most of DXCā€™s revenue came from a small number of large customers what Salvinoā€™s team now calls the ā€œplatinum channelā€. He essentially spent his first two years at DXC stabilizing these accounts so revenue would stop fleeing the company. + +Fast forward to today and DXC software business GBS has managed to grow revenue on an organic basis. From -7% revenue decline in Q1ā€™21 to 3% Revenue growth in Q4ā€™22. Furthermore, GIS has also started to show some signs of stabilizing. Organic revenue decline has fallen -12% in Q1ā€™21 to -8% in Q2ā€™22. Obviously, there is more work to do on the GIS side but if it follows the same direction as DXCā€™s GBS business I expect overall revenue to bottom sometime next year. + +Now I know A lot of this doesnā€™t sound extremely promising at first glance. You may be asking me why on earth am I investing in a company with declining revenue. Well, thatā€™s simple this business is really a free cash flow story. Last year DXC managed to generate $700 Million in FCF. Which itself is a $1.5 Billion reversal over the previous year. This year DXC is guiding $800 million in FCF and by the end of 2023 DXC thinks they'll be able to run the free cash flow all the way up to $1.5 Billion annually. + +Considering DXCā€™s market cap is only $7 Billion it seems to me like that would be an enormous return. Furthermore, Salvino has found new competent managers for all senior levels of the company. Surprisingly some executives from DXCā€™s predecessor companies who became disillusioned with the company have even returned. But more interestingly much of the new management team comes from Accenture following in Salvinoā€™s footsteps. (mind you Accentureā€™s MKT Cap is $100+ billion VS DXCā€™s $7 Billion). From a cash perspective the icing on the cake is the coming sale of non-core assets, like banks, Prison management software etc. This not only simplifies the business, but the cash raised in these transactions is allocated to repurchasing shares. The banking division itself is expected to raise something $900 Million in cash. $200 Million from the transaction and $700 million from the freeing up of reserves for deposits. This transaction is expected to close in September after regulatory approval in Germany. + +So basically the investment thesis here is that DXCā€™s revenue will flatten, they will sell assets, and their cash flow will go to $1.5 Billion with all the excess cash being returned via buybacks. This is also the stated strategy of management so long as the share price is depressed. For those of you who like Mohnish Pabrai I think he would likely categories DXC as an Uber cannibal. Also, itā€™s worth mentioning that in my opinion DXC will likely be able to start profitably growing revenue across all their business segments. If they pull that off, I think we could possibly be looking at an enormous return 10x or even more. It all depends on how long the stock stays depressed and how many shares DXC can buy up. + +**Where I could be wrong and Bear arguments.** + +**Argument 1: GIS is facing secular headwinds due to the growth of the cloud and is incapable of growing.** DXCā€™s GIS business has seen a lot of customers move applications to the cloud. This will be a headwind that DXC likely wonā€™t be able to overcome, and the business will continue deteriorating. This is evident when looking at DXCā€™s peers Kyndryl, ATOS and Conduent. + +**Response 1:** It is true that much of DXCā€™s revenue declines in GIS have been because clients opted to move IT infrastructure to the cloud. Leading to much of the physical IT infrastructure that DXC offers falling out of favor. However, there is still a wide diverse range of applications that need physical IT hardware. + +Any application that is latency sensitive like hospitals, electric grids, hospitality and manufacturing. These applications simply cannot afford the performance penalty of moving to the cloud as a few seconds could literally be the difference between life and death. Furthermore, even in instances where a customer wants to completely move to the cloud networking and security plays a new important role which brings DXC back into the picture. Finally for security reasons some customers are opting to have their own private cloud rather than leveraging AWS or MSFT Azure. This is the perfect opportunity for DXC as they can help manage and run these data centers. While cloud will be a headwind for some extent of time there are applications where DXCā€™s physical IT business is needed. + +**Argument 2: Management isnā€™t competent.** Salvino has been at this since 2019 and they havenā€™t seen any real tangible results internally. Meanwhile revenue continues to decay, and they are saddled with more work and not paid adequately. + +**Response 2:** This is the opinion of the vast majority of medium to lower-level employees. It is also the issue that I am most concerned about. Not only is low employee moral dangerous for a company. But much of this turnaround hinges on DXCā€™s leadership. + +My feeling on this is that turnarounds take time and from experience it is extremely common for employees to be angry with the pace. Yes, DXCs CEO Mike Salvino has been at this since 2019 but DXC had to rebuild the whole management team. 15 out of the 20 senior executives are new hires and more importantly those executives have had to rebuild their own organizations. In a company with over 100k employees I think itā€™s reasonable to assume that this takes years to permeate through all levels of the company. + +Meanwhile from what I can tell this opinion seems to be mostly contained to the employees as well, Iā€™ve spoken to a customer of DXCā€™s insurance software, and they mentioned that while DXC can be very bureaucratic, it was obvious that they cared a lot about their companyā€™s reputation and had compelling offerings. DXC also has several customer testimonials in their investor day presentation that I believe are worth checking out. What also doesnā€™t add up is the improvement in cash flows. Can an incompetent management really drive a 1.5 billion reversal in FCF while simultaneously fixing one of their business segments and reducing debt? From a financial perspective DXCā€™s management seems to be doing everything right. Also, if Salvino is incompetent how was he able to turnaround Accentureā€™s BPO business? The former CEO of Accenture Bill Green has been advising DXC on their turnaround. Why would he bother with executives he deems incompetent? I sympathize with the employees of DXC itā€™s been a very challenging time, but I donā€™t believe this thesis stands up to scrutiny. + +**Russian invasion of Ukraine** + +**DXC has a lot of exposure to eastern European countries, and this will create currency and revenue headwinds.** + +This argument has a lot of merit considering 50% of DXCā€™s revenue comes from Europe. However much of this is for mission critical applications, in other words so long as Europe can keep the lights on DXC will earn revenue as customers need DXC to run their businesses. Furthermore, IBM and Accenture who both have significant exposure to Europe have said that they donā€™t see IT spending declining in the near term. There will probably be currency headwinds with the recent decline in the euro but reasonably I think DXC has the cash to deal with it. + +Iā€™d like to hear your thoughts please stress test my thesis Iā€™d love to learn more. Also let me know if you need me to elaborate on anything. Thanks. +Hi everyone. I am 19, Junior majoring in Finance, and I am addicted to learning about stocks. I am very interested in stock picking for the long term, but often find myself confused with where to start. + +Just a disclaimer, I know where to find information, what to look for, how to look for it, etc. I'm always reading books, doing fundamental analysis on my own, etc etc. My question is particularly about your individual process, from start to finish. How did you start? Do you use multiple documents, programs, websites? How do you congregate data, or your personal interpretation so you don't forget? + +To me, my entire process is super unorganized. I analyze primarily from a GARP perspective, but also use things such as top-down methods for industry/size-specific funds. It creates frustration, time inefficiency, and prohibits continuous improvement. + +I've been sitting at a whiteboard for a couple weeks now trying to structure a way to organize. I'm extremely frustrated. I want to be able to continuously improve my various processes, but I feel as if I don't have a foundation/skeleton for it. +Iā€™ve been staring at definitions of and commentary on net income vs free cash flow for a while. I understand that free cash flow is whatā€™s leftover for shareholders, although itā€™s still not entirely clear to me why I would specifically favor free cash flow over earnings for subscription businesses. For example, Adobe has an earnings yield of 2.3% (P/E 43) whereas its free cash flow yield is 3.3%. +I know Warren Buffett has taken a lot of heat over the years (now is a good example) for not aggressively buying back stock along with everyone else when the price is high and then being too chicken to buy it back during a recession. I personally prefer it this way because, as Buffett says, you get much better value when you're buying it at a lower price. + +So my question is, what publicly traded companies (besides Berkshire) really makes it a point to buy back stock (and then destroy most of it) when it's, say, below book value, instead of just when it's at record highs and the market is humming? What about companies that do a good job of incorporating value when buying other companies? I know MichaelJayFinance mentioned Lear Corporation buys back its stock correctly when it does do buybacks, but I can't think of anyone else who currently does this besides Berkshire Hathaway. +Hey, so Iā€™m trying to understand what method to use in order to value the price target for zim. P/E is wrong, DCF also seem wrong as the dividend yield is HUGE part of investment, and cash flow is risky in that type of business as of my understanding. Am I wrong? And how to value if itā€™s good investment or bad investment? +So I am working on a discounted cash flow analysis for ATT. They are a huge player in the mobile/network industry, I think it will provide diversification to my existing portfolio. + +So, according to their 2019 10-k, They suggested revenue growth of 1-2%. Which I think is fairly reasonable. also, they produced free cash flow of 29 bn in 2019. and up to the half year this year they are around 11.5 billion, So I think 25 billion, is an ok forecast for beginning cash flow. + +10% discount rate, 2% growth in first 5 years, then 1%. I used a 10 factor for terminal value. and excess capital of 12 bn as there balance sheet cash and cash equivalents. + +Based on this, im getting 40$ per share. which is a significant increase from the 29$ current price. + +I am not saying this is a good investment yet, but I should do more DD. + +Just wanted to hear your opinion on my DCF method. +Iā€™ve been toying with the idea of going contracting after 6 years of being a project manager in perm positions - to the point where I have managed over Ā£2m worth of projects to completion. + +I have worked out after tax that in order to be more than comfortable (mortgage, other debts, insurance, pension contrib) I would have to earn Ā£300 a day inside IR35 - which in itself is quite conservative for a senior PM. I hear a lot of doom and gloom about contractors trying to avoid IR35 so therefore, surely if employers deem a role to be inside IR35, those opportunities will be more commonplace, and people like me who would be delighted to take lower value contracts in exchange for remote working etc. would find the market more fruitful? +Hi All +Im in the process of Finalising my house purchase and received a document from my solicitor of any fittings and contents i want to purchase such as washingmaschine , curtains etc. +One of the things i saw is the central heating system which i have to purchase for an additional 500 pounds?! + +Shouldnā€™t something like that be included with the property? Nowhere in the listing did it state that i would have to pay extra for it. Its a main gas system which was installed in 2017 + +Is it worth paying 500 for it or should i get one installed by myself once i have the property? + +Many thanks +I am soon to receive a Ā£500 thank you payment from work. What is the best investment for my Ā£500? + +I am currently in-between step 4 and 5 of the flowchart. +Hi guys , Iā€™m thinking of moving jobs soon so I have this question - what happens to my pension with the company ? +Can I get it transferred to an ISA or something so that I take my Pension with me ? + +Iā€™ve been with the company for a year +The Senate appears to have reached bipartisan consensus on the SAFE banking act, a bill that would open the federal banking and financial system to marijuana businesses that operate legally according to their state's law. + +[The Senate plans to attach this marijuana legislation to one of the year end "must-pass" bills, such as the NDAA.](https://www.axios.com/2022/12/03/senate-marijuana-legislation-chuck-schumer) + +Some additional notes: + +1) The SAFE banking act has passed the house 6 times but has always died in the Senate. The most recent attempt last year was killed by progressives in the Senate who view the SAFE banking act as an easy win for investors/bankers while not doing much for those impacted by the war on drugs. A deal has been reached to include the HOPE act along with SAFE, which provides federal funding for states to expunge prior cannabis offenses, appeasing the demands of the progressives. + +2) The NDAA is expected to be voted on this week, meaning we should see some major headlines regarding this cannabis legislation as soon as Monday. + +What does this mean for cannabis stocks? + +1) Aside from the news catalyst itself, the SAFE banking act should have a material impact on the financials of many of these cannabis companies. The language of the final version of SAFE is still unknown, but the core of the bill has always been to provide safe harbor for financial institutions to work with cannabis companies that are operating legally within their state. At the bare minimum, this will open the capital lending market to these companies, enabling them to get better terms on debt. + +2) This will also provide safe harbor for hedge funds or other large institutions that may be interested in investing in the space but are unable to for compliance reasons. + +3) Finally, the US cannabis companies (MSOs) cannot currently trade on the major US stock exchanges like the NYSE and NASDAQ. There is some back and forth as to whether SAFE will allow these stocks to finally uplist, given that these are financial depository institutions. Many believe that yes, SAFE will allow these companies to uplist at least on the TSX (Toronoto Stock Exchange) and likely even the NASDAQ/NYSE, and there could even be special language added to the final bill to specify this. + +I have long term positions in $MSOS, $GTBIF, $CRLBF, $TCNNF and $CURLF, as well as some small short term positions in $CGC and $TLRY. +I have a mortgage on my condo and currently rent it out. The rent covers my mortgage plus about $300/month in my pocket. I have 30k upfront and wanted to know is there a better place for it than my checking account; assuming I have to pull $2200 from it each month for one year, and should have $3,600 left over at the end (assuming nothing breaks). +**We're going to get neither bigger blocks (that we need) nor lightning network (that could prove very useful) nor *supplant the incumbent financial system ever* at this rate.** Or any other incredible applications we all want. + +I have been guilty of it myself. So, let's stop: + +ā€¢ name-calling or otherwise employing ad hominem arguments if I feel emotional about my position. Think, then act. + +ā€¢ reacting before I first *empathize with the person with whom I disagree* + +ā€¢ down voting because I disagree + +ā€¢ being passive aggressive or sarcastic because I can't let my argument stand on its own merit + +ā€¢ dismissing someone else because I'm tired of hearing what they're saying, and perhaps empathize with why they keep saying it + +ā€¢ composing unconstructive crap and driving out the participants of these forums we hold dear + +ā€¢ for the devs: none of you will be remembered or known by the people who matter that we all want to reach worldwide with this beautiful project. There's a really good reason we don't know who Satoshi Nakamoto is, and he did himself and the future a solid. Lose your ego, forget your CV, forget whatever reverence or responsibility you think you hold on behalf of this community. When you're feeling heated in a discussion, stop and ask yourself, *"Why do I feel this way? What part of me feels irritated/annoyed/frustrated/angry?"* Be as scientific with yourself as you attempt to be with Bitcoin. + +I believe Bitcoin is the most revolutionary culmination of ideas in history lumped into the most singularly human achievement: the ability to communicate our social and economic preferences with anyone else freely and peacefully. + +But it doesn't get there automatically. Bitcoin can only be a reflection of us. So be better. +*EDIT: thank you everyone for your advice. You have given me a lot to think about, and some good starting points to discuss next steps with my parents. I'm off to bed now, but I will be reaching out to my parents and grandparents tomorrow to start talks with them about my g-parents moving in with my parents, and what that would require of their medical information. I will also be speaking with my brothers this week about taking on more of the student debt ourselves. I will also be doing some research into non-bank employed financial advisers. This is so much debt to handle, and bankruptcy is a serious consideration, so I think paying for an adviser for my parents is the least I can do after all they did for us. If we do chose the bankruptcy route (or if another option arises), I want the next steps done right... not digging this hole any deeper. I'm going to see if I can get Friday off work so I can spend the day sitting down with my dad and really looking over his financials.. see where the money is going. I'm also going to take the advice to talk to my mom about Public Loan Forgiveness, and about looking at less physically demanding nursing positions she could aim for in the next few years. Finally, I am going to see if I can get my parents, but especially my dad, to talk to a therapist. He has seemed so stressed and broken since last night, and I want to make sure that this situation doesn't hurt him mentally/emotionally more then it already has. Thanks again everyone--I really, really appreciate the time and detail everyone took for their comments. Thank you.* + +Hi reddit. I'm stressed out and could use some advice. My parents are good people, the best, but they have made some bad financial decisions and have a lot of debt now. + +My dad is a proud man who loves and finds a great deal of purpose caring for his children and parents, but last night he finally broke down to me [23F] crying and admitted that he needed help sorting out his finances. I really want to help him. However, I am still learning about managing finances myself, so I'm seeking outside advice here. + +**As a background to how he got so deep in debt**--growing up my parents owned a restaurant. However a number of bad years lead them to remortgage the house and go into significant debt to keep it afloat. They ended up closing it a few years ago anyway, though. It was a rough few years for them, but eventually they have managed to land on their feet okay salary wise. Their debt from that, though, is killing them. They also put me and my brothers through college, and my mom through grad school. + +As of last year, my parent's combined adjusted gross income right now is 210k (mom makes 60k, dad makes 150k, though he does consulting work with food companies so that varies a lot--last year he made 90k). **They only started making around this amount within the last year or two (if anyone wonders why they didn't pay things back before now) because it took my dad a while to build up his consulting business enough.** As for savings... sadly they wiped out their savings in the business, and because they have been focused on paying off their debts they have only been able to rebuild about 60k. They are putting the max into their 401k, but they are also scared because they have nothing for retirement. The business ate everything. + +Resources breakdown: + + * Net income: 130k (roughly, this year. Can vary a lot) + + * savings: 60k + +Debt break down: + + * 90k credit card debt + + * 200k mortgage (underwater, so selling not a great option) + + * 190k student loan debt (130k currently most federal, 60k more being added from my brother) + +They pay about $1900 a month between their taxes and mortgage. They also have medical expenses for themselves and my grandfather that amount up to at least $1000 a month (often more), and they help my grandfather and grandmother with rent ($800 a month). Other bills (phone, utilities, pets, etc) add up to 800/month. I'm not sure how much they spend on things like food. **I do know that my dad is putting as much as he can into loans, but he is so scared and stressed out and I've never seen him cry before.** + +My grandfather is probably going to need to go into a home sometime soon, so there is that fee upcoming as well. I'd like to help in a few years, but right now I'm just making enough to cover my bills. + +I know they make enough money right now that they can tackle this debt. Only, I don't know what to tell them to address first. **Should they pay of the credit card debt first?** They are trying--they are putting all the remained into the debt--but they are scared they may only be able to make this much for the next couple years (mom is a nurse and probably can't work much longer as one). + +Reddit, where do I start helping them build a budget? They are trying to balance the loan repayments with the need to save for retirement. + +**tl:dr; parents had a business that went under--they are almost 500k in debt and though they made good money this year, that is recent and might only be for the next few years. They are also financially helping/caring for my elderly grandparents. How do I help them plan and budget?** +So unfortunately I've ended up with a County Court Judgement (CCJ) against me for credit my mum took out in my name when I was 18/19 years old and did not pay off. + +She works in the mornings and afternoons with a long gap in between so was home to hide all the relevant post and warning letters from me. + +I decided not to go down the route with the police and report her for fraud. I have paid off the debt so it's now settled but the CCJ will stay on my credit report for 6 years and has already impacted my ability to get car finance. +Hi! + +I'm moving in with my fiancĆ© and we're getting married soon. I haven't lived in the US before so this is all new to me. I'm gonna need a bit of assistance when it comes to picking / choosing banks, phone-providers, and general stuff which can be tricky to figure out due to the amount of bloat-information these companies provide. + +(We will live in Boston, MA) + +I'm a person who prioritises paying less for less. + +Topics I think I need help with: + +**Bank account?-** Which bank?- Type of account?- Joint bank accounts?- Credit card? (I always pay my credit card bils on time, so the interest on debts shouldn't be taken into account here)- What to do with money I want to save? I currently invest in stocks/bonds in my current country. They have a good system when it comes to taxing on your savings, which is pretty fair. Is there a good investment-plattform you can recommend? + +**Phone-service-provider?**\- Which one? I have a phone already, but I'm gonna need an American phone-number- Family plan? Can me and my fiancĆ© get a family plan to save money together? + +**Taxes**\- Should we tax combined or separately? I will be making more than her, and our combined salary won't be above 200k per year. + +**Other**\- Anything else I should think about? I'm assuming healthcare is provided through work and I'll ask my future employer about family plans +Iā€™ve read here that this is advantageous for tax purposes and I feel like I have a basic understanding of how this would work but Iā€™d love to have a deeper understanding. Please ELI5. + + +EDIT ANSWER: [Read this first](https://www.ato.gov.au/Individuals/myTax/2018/In-detail/Rent/?page=10) if you have the same question as me. Pay particular attention to this paragraph: + +*"Some rental property owners borrow money to buy a new home and then rent out their previous home. If there is an outstanding loan on the old home and the property is used to produce income, the interest outstanding on the loan, or part of the interest, will be deductible. However, an interest deduction cannot be claimed on the loan used to buy the new home because it is not used to produce income. This is the case whether or not the loan for the new home is secured against the former home"*. + +Now understand that when you redraw to buy something else, it is like taking a new loan out. So now the increase in interest that is occurring by virtue of you redrawing money, is not tax deductible because you're using that redrawn money for private purposes. +Let's say a large investor buys call options on a company with $5 billion market cap, and then proceeds to spend $1 billion on this company to try get a 20% stake, they will raise the price of the stock, and thus benefits from the raise in option prices. Is there any laws to prevent this? +I'm seeing quite a lot of posts about these, how do these crypto scams work? + +I'm thinking there are a few possibilities: + +* It like "Initiative Q" where they are simply trying to get millions of emails and personal details to sell on. Especially because all the details they get are gullible people. +* They are trying to build enough critical mass as a multi-level marketing scheme and are actually hoping to get people buying and selling when they reach that point (what happens when they don't succeed? They just eat the ad revenue they made in the meantime?) +* They are using the phone CPU cycles do calculations to mine cryptocurrencies that are actually valuable, then after 1 year they can just conjure up a billion units of their bee coins at no cost to themselves + +My guess is a combination of mostly 2, with a little bit of 1. + +My fundamental problem is to ask: What's the point in this? What does it do? What problem does it solve? Does it do any of these things better than any existing cryptocurrency? + + +It's clearly not a scam where you can lose money *per se*, since it's not necessary to pay anything up front. +But in an age where clicks and seconds of people's attention is worth money and there are a dozen payment cryptocurrencies that are *already* working well, it's naĆÆve at best. It seems like they are trying to target people who think "I have missed out on other cryptos" but somehow think, despite that, that bee is going somewhere. If crypto is going somewhere then bitcoin is still going places and if crypto isn't going anywhere then a garbage non-product is *definitely* going down the drain. +* **Federal Reserve Chairman Jerome Powell confirmed Wednesday that smaller interest rate increases are likely ahead and could start in December.** +* **But he cautioned that monetary policy is likely to stay restrictive for some time until real signs of progress emerge on inflation.** +* **ā€œWe will stay the course until the job is done,ā€ he said during a speech in Washington, D.C. at the Brookings Institution.** + +WASHINGTON ā€“ Federal Reserve Chairman Jerome Powell confirmed Wednesday that smaller interest rate increases are likely ahead even as he sees progress in the fight against inflation as largely inadequate. + +Echoing recent statements from other central bank officials and comments at the November Fed meeting, Powell said he sees the central bank in position to reduce the size of rate hikes as soon as next month. + +But he cautioned that monetary policy is likely to stay restrictive for some time until real signs of progress emerge on inflation. + +ā€œDespite some promising developments, we have a long way to go in restoring price stability,ā€ Powell said in remarks delivered at the Brookings Institution. + +The chairman noted that policy moves such as interest rate increases and the reduction of the Fedā€™s bond holdings generally take time to make their way through the system. + +ā€œThus, it makes sense to moderate the pace of our rate increases as we approach the level of restraint that will be sufficient to bring inflation down,ā€ he added. ā€œThe time for moderating the pace of rate increases may come as soon as the December meeting.ā€ + +Markets already had been pricing in about a 65% chance that the Fed would step down its interest rate increases to half of a percentage point in December, following four successive 0.75-point moves, according to CME Group data. That pace of rate hikes is the most aggressive since the early 1980s. + +What remains to be seen is where the Fed goes from there. With markets pricing in the likelihood of rate cuts later in 2023, Powell instead warned that restrictive policy will stay in place until inflation shows more consistent signs of receding. + +ā€œGiven our progress in tightening policy, the timing of that moderation is far less significant than the questions of how much further we will need to raise rates to control inflation, and the length of time it will be necessary to hold policy at a restrictive level,ā€ Powell said. + +ā€œIt is likely that restoring price stability will require holding policy at a restrictive level for some time. History cautions strongly against prematurely loosening policy,ā€ he added. ā€œWe will stay the course until the job is done.ā€ + +Powellā€™s remarks come with some halting signs that inflation is ebbing and the ultra-tight labor market is loosening. + +Earlier this month, the consumer price index indicating inflation rising but by less than what economists had estimated. Separate reports Wednesday showed private payroll growth far lower than expected in November while job openings also declined. + +However, Powell said short-term data can be deceptive and he needs to see more consistent evidence. + +For instance, he said Fed economists expect that the central bankā€™s preferred core personal consumption expenditures price index in October, to be released Thursday, will show inflation running at a 5% annual pace. That would be down from 5.1% in September but still well ahead of the Fedā€™s 2% long-run target. + +ā€œIt will take substantially more evidence to give comfort that inflation is actually declining,ā€ Powell said. ā€œBy any standard, inflation remains much too high.ā€ + +ā€œI will simply say that we have more ground to cover,ā€ he added. + +Powell added that he expects the ultimate peak for rates ā€“ the ā€œterminal rateā€ ā€“ will be ā€œsomewhat higher than thoughtā€ when the rate-setting Federal Open Market Committee members made their last projections in September. Committee members at the time said they expected the terminal rate to hit 4.6%; markets now see it in the 5%-5.25% range, according to CME Group data. + +Supply chain issues at the core of the inflation burst have eased, Powell said, while growth broadly as slowed to below trend, even with a 2.9% annualized gain in third-quarter GDP. He expects housing inflation to rise into next year but then likely fall. + +However, he said the labor market has shown ā€œonly tentative signs of rebalancingā€ after job openings had outnumbered available workers by a 2 to 1 margin. That gap has closed to 1.7 to 1 but remains well above historical norms. + +The tight labor market has resulted in a big boost in worker wages that nonetheless have failed to keep up with inflation. + +ā€œTo be clear, strong wage growth is a good thing. But for wage growth to be sustainable, it needs to be consistent with 2% inflation,ā€ he said. + +&#x200B; + +Source: [https://www.cnbc.com/2022/11/30/fed-chair-jerome-powell-says-smaller-rate-hikes-could-come-in-december.html](https://www.cnbc.com/2022/11/30/fed-chair-jerome-powell-says-smaller-rate-hikes-could-come-in-december.html) +I cashed out about 40% of my positions a month ago. I bought a bunch of stocks I liked long-term near bottom and my portfolio had made it back to pre-COVID breakeven, but I got spooked by economist warnings of an actual depression, the billionaire investors sitting on the largest cash position in history, the tech stocks hitting ATHs in the middle of a dead underlying economy, bankruptcies starting and epidemiologists warning of major disaster if we reopen too soon. Earning season would be a bloodbath and unemployment hitting record levels since the Great Depression. There's never been a pure v-shaped recovery, so why would this be the first one? + +"You can't time the market (as in sell at the peak and buy at the bottom), but you can be rationally optimistic or pessimistic about the overall direction and act accordingly" I thought. "I'm going to take profits from this irrational FOMO bubble and keep some money on the sidelines so I can snatch up long-term stocks for well below current valuations when this whole thing inevitably collapses." Moreover, I didn't want to see my portfolio back down 30% again if could avoid it. + +Welp, most the stocks I sold are up \~20% since then. I still hold positions in all of them, but missed out on thousands and thousands of gains. + +The reason you "can't time the market" is that market is not rational. The market goes up on bad news and down on good news. Stock valuations have nothing to do with actual values, the underlying economy, etc - only whether investors perceive future growth. People want to get into positions in good companies as quickly as possible, and thus it becomes a FOMO race all the way back up or above where you started, like an eBay auction where competition drives a price above where you might have sold had you simply offered a flat price. + +Rational economic pessimism has been a disaster ever since the economic reforms in 2009. The Fed is always going to work against any bets against the economy (well, unless you are investing in Berkshire or banks during a crisis, apparently...The Fed is lending money at no interest and bailing out failing companies, leaving no room for such opportunists to profit.) Thus they've detached Wall Street from the underlying economy almost completely. + +And you know the second you spend every penny going long on everything, the whole house of cards will finally collapse and you'll be holding underwater stocks at extremely high valuations or with extreme risk of a prolonged shutdown. Because that's what you deserve for being so irrational. +As a would-be first-time buyer, the current market conditions make me a little nervous. As you're no doubt already aware, property prices have skyrocketed from an already high base in the last few years, whilst wages have remained stagnant and the so-called cost-of-living crisis is rapidly approaching. The situation doesn't really seem to be sustainable. + +The consistent advice from this sub seems to be to buy your first property as soon as you're able to (assuming you're at the right stage of life to buy), because property prices are only going to keep going up and you'll therefore lose out by waiting because of having to pay rent and by further price inflation. I fully understand this logic, but if this were any other asset class I'd be worried that the bubble might be about to burst. + +So I'm not asking for people to make specific predictions about what will happen to the UK property market in the next few years (although if people want to share speculations, I'm happy to read them - fully understanding that none of us can predict the future), but rather asking whether the general principle "buy your first property as soon as you can" holds up no matter what the prevailing market conditions are. Are there any times at which it might be sensible to continue renting rather than making a purchase, even if that person is ready to buy? If so, what economic signs would help to guide that decision? +I'm just venting. I'm feeling awful. My daughter (5 years old) is sick with some illness she picked up from school. We spent Thanksgiving day in her pediatricians office because she vomited early in the morning and I needed a dr's note for my job to stay home with her yesterday. I'm already on thin ice with my job because she's been picking up every single illness since kindergarten started in August. Head colds, random vomiting, fevers. I've gotten the truancy letter from the school even though they dictate the sick policies. It just hasn't been a good time. She didn't test positive for the flu or c-vid. Her pediatrician said it was just an illness that would pass. He said to buy pedialite and dose with Tylenol if she spiked a fever. + +I'm a single mom, surviving (barely) with my job and assistance. I'm terrified to get any type of raise because then I'd lose my SNAP and medicaid. But I'm constantly pinching pennies, had to sign up for Toys for tots to make sure my daughter would get something for Christmas. I can't even set aside the money to buy a little tree. + +My poor kiddo is so sick. She says her throat hurts, she feels yucky. Constant little snot bubbles and I've just done everything I can to make her feel better. I've offered soup, mac 'n' cheese, whatever you want kiddo. You know what she asks for? A Happy Meal. Because she wants a toy. + +I tell her kiddo, I'm sorry, mom can't make that happen right now. Like I already missed yesterday of work, I have tomorrow off but what if she's not better by Monday? And I have to go through the whole process of getting another sick appointment at her peds office, get a note, take it to her school, take it to my work, deal with my manager's passive aggressive remarks about how we "all need to pull our weight" etc. I can't afford to miss any more work. + +My daughter just had a complete fucking meltdown. Tears streaming, more snot, begging me for this happy meal. Started promising me that she wouldn't vomit again, it would make her feel sooo much better. Just being a 5 year old not getting her way but goddamn. She just fell asleep and I'm sitting here trying not to cry. + +It's nor fair to her. I know she misses out on a lot. Book fairs, birthday parties for classmates because I can't afford the trampoline park, arcade, a birthday present for the birthday kid, etc. Ive had to completely rebuild our lives after leaving her abusive father. I just hate feeling like a less- than parent. The guilt never goes away does it? +I've lurked this subreddit for a long time now, and the advice on here had truly benefited me during the most anguishing and arduous periods of my life. Poverty is what I have known for most of my life, and has been a defining characteristic of myself as a whole. + +I've been going to school and struggling to make ends meet for the past year, as well as dealing with chronic homelessness. But now, I've been awarded 100% VA disability, total and permanent. Combined with being in school, that puts me at $51,600 a year, untaxed (And $36,000 a year after I'm done with school) + +But I feel like a fraud. Like I never earned this, and I don't deserve it. I only did one deployment to Afghanistan, so I really don't feel I've accomplished anything. I'm relieved to be out of poverty, but I can't help but feel shame and guilt on how I escaped it. +Details. + +18y/o living with parents in CA. (one working parent making 25k/yr) + +Just got a full-time job at $55k/yr, doing college online. + +I'm pretty sure they will lose all their food stamps because of me, and they are pretty heavily relying on them. I could move out, but then they would lose a dependent which would also tank any benefits. Will their SNAP benefits change because of my job? Is there any way I can live in the same house without being part of the household? +You know itā€™s pretty fucking newsworthy in the financial world for retail to direct register 1/3 of the float of a company. And weā€™ve seen exactly 0.0 MM news stories on this. They are so terrified of the mass adoption of DRS that they will not speak a single word of it. Thatā€™s how I know theyā€™re fucked. When they start talking about DRS, weā€™re truly in the endgame. +I've been doing a fair bit of research on EOS. I originally had some difficulty. Due to this, I've come up with alist of pros & cons. I've tried to be as unbiased as possible while writing this. A small percentage (less than 3%) of my holdings are in EOS. + +Just like any coin-focused subreddit /r/EOS is very positive & bullish on EOS, so I found it too biased to DYOR. (as expected, most dedicated coin subreddits are fairly biased) + +First, a bit of background. + +Similar to Ethereum, EOS is a platform for the development of dApps. The goal is to combine the benefits of other platforms together, resulting in an huge opportunities for scaling. EOS wants to lower the barrier of entry for devlopers seeking Blockchain solutions. + +**Pros:** + +1. Combines Bitcoin's security & the computing support of Ethereum into one stable, efficient platform. + +2. EOS has integrated parallel processing. This is really big for future proofing the coin. This is the reason why people think EOS having a speed of 100,000 TPS isn't too far fetched. + +3. A use of the token. So many ICO's have no anticipated use for their token. For a developer to deploy an app on the EOS Blockchain, they must hold a number of EOS tokens. This will create a demand for the token, increasing it's value. + +4. Like Ethereum's ERC20, EOS allows new tokens to run on the Blockchain. + +5. Unlike Ethereum, EOS has no fees. This increases it's adopt-ability potential. Block producers are paid in EOS to produce blocks instead. + +6. Adoption by major players is already occurring, BitFinex launching decentralized exchange: EOSFinex, built on the EOS Blockchain. Wikipedia's Co-Founder (Dr. Larry Sanger) is the CIO of Everipedia. A decentralized encyclopaedia based on the EOS Blockchain. + +7. Created by Dan Larrimer, with a a track record of successful projects behind him. Daniel also founded Steemit & Bitshares. + +**Cons:** + +1. ETH has the first mover advantage in the smart-contract ecosystem. Systems have already been built on top if it. Will be difficult to convince developers to make the switch. + +2. The ICO distribution model isn't well thought out, although there are reasons for it, having a year long ICO doesn't inspire trust. (Sidenote, this distribution method slows down whales collection big stacks of EOS, reducing centralization.) + +3. Development isn't finished - I expect this point to be moot in the next few months, the team is working hard, although for now there isn't yet a working product, as a result, I believe currently it is undervalued. + +What do you think? I'm sure I missed some things, please do correct me if I'm wrong. +[https://edition.cnn.com/2019/06/06/tech/google-stadia-release-date/index.html](https://edition.cnn.com/2019/06/06/tech/google-stadia-release-date/index.html) + +&#x200B; + +>The system, which was originally announced in March, will act like a Netflix for video games. Google says it will eventually allow people to play games directly over WiFi from any TV with Chromecast, computer with a Chrome browser, and Google Pixel phones. There are no downloads as the games themselves exist on Google cloud servers. That means Stadia can also sync game progress across devices. + +&#x200B; + +>Google is only releasing a limited version of the system in November, however. Stadia will work on TVs with a Chromecast dongle or Chromecast support at launch. Those on computers or mobile devices are out of luck until 2020. + +&#x200B; + +>Stadia will launch in 14 countries in November, including the **United States, Canada, the United Kingdom, Germany, Sweden, France, and Italy**. Google plans to expand it to more countries next year. + +&#x200B; + +>Next year, Google will release a regular streaming subscription called Stadia Pro, which **will cost $9.99 a month** and include access to 31 games and counting, including Destiny 2, Assassin's Creed Odyssey, Borderlands 3, and Rage 2. +I transferred my shares to fidelity from webull and surprise surprise, my cost basis is wrong and the dates of acquisition are wrong. According to webull I bought multiple shares of Gamestop on 1/11/21, about three weeks before I opened my brokerage account with webull. Keep excellent records and be prepared for things to make no sense at all. Be careful out there. + +TL;DR: share price is wrong and dates of acquisition are wrong post-transfer. +December and January aren't typically busy months for initial public stock offerings, but this time around, they'll be an exception. Almost a half dozen well-known tech startups, each already valued privately at over $1 billion, have recently filed for IPOs, including Airbnb, DoorDash, and Roblox. + +They're hoping to take advantage of strong investor appetite for tech stocks, despite the pandemic, and to catch the coat tails of other tech companies that have recently made [successful debuts](https://fortune.com/2020/08/29/2020-ipos-palantir-tech-ipo-asana-snowflake-predictions/). Shares in cloud database company Snowflake are up 129% since its September IPO and those of data mining company Palantir are up 215% since its September listing. + +Here are key details to consider in weighing whether to invest in the latest batch of would-be public tech companies. Financial data is from the first nine months of 2020 unless otherwise indicated. + +## Affirm + +Symbol: AFRM +Fiscal 2020 revenue: $510 million (fiscal year ended June 30) +Revenue growth: 93% +Gross margin: n/a +Net loss: $113 million + +[Affirmā€™s S-1 filing](https://www.sec.gov/Archives/edgar/data/1820953/000110465920126927/tm2026663-4_s1.htm) + +Founded in 2012 by PayPal co-founder Max Levchin, Affirm aims to [bring credit and lending to customers of all kinds of online retailers](https://fortune.com/2020/02/05/credit-cards-levchin-affirm-ceo-daily/). Those hard-to-miss layaway offers for a pair of shoes from Cole Haan or that cute coffee table on West Elmā€™s website? Affirm works behind the scenes to process the loans and often covers the cost of the item (in some cases, partner banks fund the loans). So far, Affirm has signed up over 6,500 retailer and helped consumers pay for almost $11 billion worth of products over the past three years. + +**Pros**: Affirm says its ā€œbuy now, pay laterā€ system is superior to credit cards, with no hidden fees or high interest rates (most Affirm offers are zero interest rate). Like other hot consumer companies, Affirm also touts its net promoter score of 78, suggesting more than three-quarters of customers would recommend the company.Ā  As e-commerce grows, thereā€™s plenty of room for growth in the marketā€”less than 1% of e-commerce transactions in North America relied on ā€œbuy now pay laterā€ deals. And Affirm says its data analysis of consumersā€™ ability to pay lets it avoid major losses. + +**Cons**: The largest e-commerce sites, like [Amazon](https://fortune.com/company/amazon-com/) and [Walmart](https://fortune.com/company/walmart/), have no need for Affirm and could even launch their own lending services. So could big banks or other financial institutions that can borrow money more cheaply than Affirm can. And more than one-quarter of all of Affirmā€™s lending has so far come from customers of a single retail partner: Peloton. + +## Airbnb + +Symbol: ABNB +First nine months of 2020 revenue: $2.52 billion +Revenue growth: -32% +Gross margin: 74% +Net loss: $697 million + +[Airbnbā€™s S-1 filing](https://www.sec.gov/Archives/edgar/data/1559720/000119312520294801/d81668ds1.htm) + +As the now-famous story goes, Airbnb co-founders Brian Chesky and Joe Gebbia decided to rent some airbeds in their San Francisco apartment after a big design conference caused local hotels to be fully booked. Their little web site, AirBedandBreakfast.com, eventually grew into the titan that has rented space to 825 million customers cumulatively across 220 countries. + +**Pros**: The fast-growing startup took a huge hit when COVID-19 curbed travel, but has since [almost bounced back](https://fortune.com/2020/06/30/airbnbceo-brian-chesky-bookings-rentals-recovery-2020-ipo-coronavirus-pandemic/). Bookings were down 72% in April compared to the same month in 2019, but for June through September, the declined narrowed to 19% to 23%. The company also brags in its regulatory filing that pandemic-related spending cuts, including slashing headcount by 25%, make it more efficient going forward. + +**Cons**: The pandemic showed that the travel industry is subject to sharp downturns that cut into Airbnbā€™s sales, and infections are on the rise again worldwide. The company has also battled restrictive rules in many cities and countries seeking to ban short-term rentals. Airbnb's filing disclosed itā€™s also in a battle with the Internal Revenue Service that could cost it $1.4 billion if it loses. And even after being in business for more than a decade, Airbnb is still on pace to lose around $1 billion this year. + +## DoorDash + +Symbol: DASH +First nine months of 2020 revenue: $1.92 billion +Revenue growth: 226% +Gross margin: 53% +Net loss: $149 million + +[DoorDash S-1 filing](https://www.sec.gov/Archives/edgar/data/1792789/000119312520292381/d752207ds1.htm) + +After moving to the U.S. as a child, DoorDash co-founder and CEO Tony Xu worked as a dishwasher in a Chinese restaurant to help make ends meet. The point of DoorDash, he says, is to help strivers and small businesses thrive. Now in business for seven years, DoorDash ā€œdashersā€ deliver food and other items from almost 400,000 businesses to 18 million consumers per month as of September. + +**Pros**: DoorDash is the leading provider of delivery with over twice the market share of runner up Uber Eats as of October 2020. The pandemic has [ignited much faster growth](https://fortune.com/2020/05/25/coronavirus-jobs-food-delivery-doordash/) in food delivery as people avoid going out to eat. Some smaller players have already sold out (DoorDash bought Squareā€™s Caviar service for $410 million last year), but further consolidation could let DoorDash charge more for its services. + +**Cons**: Once the pandemic passes, many DoorDash customers [may return to eating](https://fortune.com/2020/11/16/can-doordash-maintain-its-pandemic-boost/) in restaurants. Although California voters approved a measure to continue to classify gig workers like DoorDashā€™s dashers as independent contractors, other governments still are trying to classify gig workers as employees, which could wreck DoorDashā€™s business model. + +## Roblox + +Symbol: RBLX +First nine months of 2020 revenue: $589 million +Revenue growth: 68% +Gross margin: 74% +Net loss: $206 million + +[Roblox S-1 filing](https://www.sec.gov/Archives/edgar/data/1315098/000119312520298230/d87104ds1.htm) + +Much more than a video game, Roblox has become a virtual environment for millions of people and companies [to create their own games](https://fortune.com/2019/07/16/roblox-100-million-monthly-active-users/). Co-founders David Baszucki and Erik Cassel went from making software simulations for physics labs to creating Roblox in 2004. Now some 31 million people play daily, including three-quarters of all U.S. kids age 9 to 12, the company says (Research firm Dubit put the figure at [half of kids 9 to 12 this summer)](https://www.nytimes.com/2020/08/16/technology/roblox-tweens-videogame-coronavirus.html). + +**Pros**: Roblox has plenty of reasons for developers to stick around, including its large devoted customer base and the Lua scripting language that makes it easier to make new games. About two-thirds of current users are from the U.S. and Canada, so there is room for considerable overseas expansion. + +**Cons**: The pandemic super-charged Roblox growth rate, but kids may decide to put their screens down and play more outside after the crisis ends. Many users play on devices running [Apple](https://fortune.com/company/apple/) or [Google](https://fortune.com/company/alphabet/) software, putting Roblox somewhat at the mercy of the twin tech titansā€™ app policies. Other games have been banned and the app stores decide how much of each sale they are entitled to. A joint venture with Tencent to bring Roblox to China could be impacted by increasing trade tensions or new restrictions. And gaming and social media platforms come and go depending on the latest fads. Roblox could be the MySpace of gaming. + +## Wish (ContextLogic) + +Symbol: WISH +First nine months of 2020 revenue: $1.75 billion +Revenue growth: 32% +Gross margin: 65% +Net loss: $176 million + +[Wish S-1 filing](https://www.sec.gov/Archives/edgar/data/1822250/000119312520298630/d82777ds1.htm) + +Overshadowed by better known rivals like Amazon, [Alibaba](https://fortune.com/company/alibaba-group-holding/), and [eBay](https://fortune.com/company/ebay/), Wish [focuses its e-commerce services](https://fortune.com/2020/11/20/online-marketplace-wish-files-for-ipo/) on the ā€œaffordableā€ segment of consumers. Founded in 2010, Wish now helps more then 500,000 online sellers hawk goods to 100 million monthly active shoppers. Parent company ContextLogic has its name on the IPO registration filing. + +**Pros**: Shopping online isnā€™t just for the wealthy. Wish says it's targeting the 44% of U.S. consumers and 85% of Europeans who have household incomes of $75,000 or less, plus shoppers in developing countries. Wishā€™s platform is mobile first, and 90% of purchases happen via its mobile app. Although Wish doesn't make a profit, it generated free cash flow (or cash from operating activities minus purchases of property and equipment) of $23 million in the first nine months of 2020. + +**Cons**: Wish faces off against many larger rivals, such as Amazon, Alibaba and eBay, plus Shopify and Walmart. To compete against the giants, Wish spends vast sums, over $1 billion so far in 2020, on marketing. With deep connections in China, U.S.-based Wish could be hurt by worsening trade tensions. And as with other startups dependent on mobile apps, Google and Apple could undermine Wishā€™s business with new rules or requirements. + +[Source](https://fortune.com/2020/11/25/2020-ipos-airbnb-roblox-affirm-wish-doordash-predictions-going-public/) +I don't know much about anything, but really going with my gut thinking the market is going to tank considering the current status of the economy (i.e., inflation, the constant printing of money, etc.). To shield my investments, would it be a good move to switch my elections in my 401k to bonds? I understand that bonds are fairly resistant to volatility, don't want my gains over the past few years to be wiped away though in the next few months... Just curious to everyone's thoughts on this type of move... +I like Schwab ETFs and their brokerage so I opted for their ETFs over the Vanguard competitors. + +My 2 year plan plan to be DCA'ing about $1375 a month ($1000 in brokerage, $375 in Roth IRA). + +I am primarily focusing on growth so my plan right now is to just keep adding to my SCHG till I get to ā‰ˆ$50,000 then start adding to my SCHD position till ā‰ˆ$10,000-$15,000. + +Looking for any input on this plan and if I should maybe diversify into a broad market ETF like SCHB or VTI. Or a S&P 500 ETF like VOO or SPY. + +Also I am in mid 20s so my time horizon is 15-20 years that's why I am not really worried about bonds or value ETFs. Looking for maximum growth and to make the most in the next 20 years. +Hey everyone currently holding AAPL, BAC, CVS, HD, JNJ, KO, MA, LOW, MA, 3M, MSFT, O, PBA, PG, SPY, SPHD, STAG, T, VOO, TGT, VZ, and V. I have rough 4,200 invested currently sitting at 4378 as of today. Every month I split roughly 1100 into all of them and repeat. I dont have a Roth ira just using basic robinhood. Open to advice, different stocks and overall any feedback and help. +I saw a thread with some really good recommendations for an investor in their young 20s. + +Should consideration for dividend-issuing products (or *certain* ones at least) depend on if you're in your 20s vs 30s vs 40s vs 50s, etc? + +I know that screeners don't factor in age, so I wanted to see how important (if at all) that age plays in this. + +I am also still unclear if yield should matter, or if it's essentially about going for the div rate. +So I'm a frequenter at the local Burger King in my area and its always open until midnight everyday. And the young lady who I always see to take my order is this mid-late 50's Mexican immigrant. I'm assuming she is an immigrant because she speaks the bare-minimum amount of English for being able to take your order. And let me tell you, she works her ASS off, sometimes ALONE! Being in a smallish college-town, this is THE only fast-food joint open until midnight and the line tends to get smashed with customers the last 30 mins before closing. And keep in mind she's ALWAYS working midnight closing shift. Last night I passed by and ordered my usual 2 burgers for $7 meal and pulled up to the window. The first thing she said after I asked "Hey! How's it going tonight?" was one of the most depressing "I'm very tired" (s) I've ever heard. I straight up almost teared up in my car eating my two burgers thinking about how much she probably struggles every day trying to provide for whatever dependents she has, if she has any. Not to mention the rent where I live is expensive AF (I live in my car), so she most definitely lives at least 30 min to an hour away where rent becomes marginally more affordable for someone in her situation...Anyways, when MOASS comes crashing down on us, I made a promise to myself last night that she'll have a reason to celebrate MOASS with us. That's the least I can do with the occasional free Icee she gets me. Godspeed Apes, MOASS tomorrow. +You can discuss something like these, ITT: + +- What brokerage are you using currently? + +- Is the brokerage structure suitable to your needs? + +- How is the availability of the brokerage service? + + Do you experience issues with login/authentication? Do you experience issues with posting trades to NSE and BSE? Do you experience issues with executing trades at NSE and BSE? + +- How do you rate the brokerage reports provided by the brokerage house? + +- How are the ancillary products and services provided by the brokerage house? + +- Do you use Smallcase to manage your portfolio, and how was the service? + +--- + +You can ask for a general review of a particular product, or service that you are researching - _Is X good? Is it recommended for long-term delivery trades?_, but please avoid asking for personal advice. + +The discussion is for consumption by a broader audience. For advice regarding your personal situation, the bi-weekly advice thread is recommended. + +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 newer members to evaluate customer experience with these products. Please confine the thread only to reviews or requests for reviews of products and services. + +[Previous Links](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new) +Didnā€™t expect this to happen, especially with all efforts going into renewable. +I also read quite a few posts that suggested Suzlon as a good pick. + +[Read the news article here.](https://www.cnbctv18.com/finance/after-cox-kings-and-dhfl-suzlon-defaults-on-bond-payments-of-172-million-4002431.htm) + +Edit: Shares fell by around 8% over the course of the day. +So I am planning to change my MF platform from Groww to Kuvera from suggestions of fellow members of r/indiainvestments . + +Today I thought of checking both websites' privacy policy and I found this on [Groww's privacy policy](https://groww.in/privacy-policy/) : + +> The Company may disclose Your information, to the extent necessary: (i) to comply with laws and to respond to lawful requests and legal process, (ii) to protect the rights and property of the Company, Our users, and others, including to enforce the Terms, and (iii) **in an emergency to protect the personal safety and assets of the Company, the users, or any person. In such an event the Company is in no manner responsible for informing You or seeking Your approval or consent.** + +What are your thoughts on this? +This might be a super basic question and I have searched before, and posted in the weekly advice thread with no luck. So creating a separate thread - + + +When investing in Gold, if we restrict the choices between an ETF and a Mutual Fund for the ETF, which one should one choose, and what factors should underlie this decision? + +For e.g. Nippon India has its ETF Gold BeeS and its Gold Savings Fund. If I wanted to setup an SIP for the Gold component of my [Dragon Portfolio](https://taylorpearson.me/thedragon/), which one should I set it up for and **why**? + +Thanks in Advance. +So 2 years back when I graduate I apply for a startup company which looks promising, giving better work opportunity and salary than others as a fresher, So I joined them But they didn't provide me any official joining letter, then they start giving me the salary in cash every month and no payslip. After getting a year of experience and fake promised, I left them and they did provide me experience letter. + +Now I applied to Accenture in Mumbai, India. and they said I got selected but now they want joining letter, salary slip and experience letter along with my education certificates. But I don't have joining letter and salary slip, I do have experience letter and education certificates. + +So after requesting they provide me this soft copy salary slip [Image Link](https://imgur.com/a/oJnDz). Will this salary slip and experience letter work as a proof of past experience? Also as I'm computer science grads I don't know anything about finance so what they have in salary slip is correct or not I don't know. My previous company willing to provide the recommendation if Accenture contacts them. +We encourage all our visitors to ask those investing related questions they were always too afraid to ask. This thread will be moderated, to ensure it remains free of harassment and other undesirable behavior. + +The members of /r/IndiaInvestments are here to answer and educate! + +If you are looking for which brokerage to use, which fund house is more capable and trustworthy, which investing platform to use, which insurance company is reliable etc., you may want to read the reviews for [banking and financial services](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new), [mutual funds and asset management services](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new), [brokerage products and services](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), and [insurance products and services](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new). Generally speaking, there is no best company, or fund, or bank. Answers are always subjective to your personal needs, but those threads a starting point for you to look at what other Redditors have to say about a company, product or service. You, may then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is "I have 10,000 rupees, what do I do?" or anything similar. There is no single answer to this question, but we will also need A LOT MORE information if we are to give some sort of answer + +* How old are you? +* Are you employed/making income? +* How much? What are your objectives with this money? +* What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know its 100% safe?) +* What are you current holdings? (Do you already have exposure to specific funds and sectors?) +* Any other assets? House paid off? Cars? Expensive partner? +* What is your time horizon? Do you need this money next month? Next 20yrs? +* Any big debts? +* Any other relevant financial information will be useful to give you a proper answer. + +Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. You should strongly consider seeing a registered financial rep before making any financial decisions! + +Previous Threads [Links](https://www.reddit.com/r/IndiaInvestments/search/?q=%22bi-weekly%20advice%20thread%22&restrict_sr=1&t=all&sort=new) +We encourage all our visitors to ask those investing related questions they were always too afraid to ask. This thread will be moderated, to ensure it remains free of harassment and other undesirable behavior. + +The members of /r/IndiaInvestments are here to answer and educate! + +If you are looking for which brokerage to use, which fund house is more capable and trustworthy, which investing platform to use, which insurance company is reliable etc., you may want to read the reviews for [banking and financial services](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new), [mutual funds and asset management services](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new), [brokerage products and services](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), and [insurance products and services](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new). Generally speaking, there is no best company, or fund, or bank. Answers are always subjective to your personal needs, but those threads a starting point for you to look at what other Redditors have to say about a company, product or service. You, may then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is "I have 10,000 rupees, what do I do?" or anything similar. There is no single answer to this question, but we will also need A LOT MORE information if we are to give some sort of answer + +* How old are you? +* Are you employed/making income? +* How much? What are your objectives with this money? +* What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know its 100% safe?) +* What are you current holdings? (Do you already have exposure to specific funds and sectors?) +* Any other assets? House paid off? Cars? Expensive partner? +* What is your time horizon? Do you need this money next month? Next 20yrs? +* Any big debts? +* Any other relevant financial information will be useful to give you a proper answer. + +Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. You should strongly consider seeing a registered financial rep before making any financial decisions! + +Previous Threads [Links](https://www.reddit.com/r/IndiaInvestments/search/?q=%22bi-weekly%20advice%20thread%22&restrict_sr=1&t=all&sort=new) + + +Talk about your plays today or things you are on the lookout for. This is where you belong if your comment includes a ticker. + +*keep it civil please* +Hey guys! + +As I spent much of 2017-2018 learning about finance, I realised that once you understand a few basic rules, how simple it can be to start building your financial freedom. + +I spent a little time over the new year putting these learnings into a little doc for my family and close friends, and thought itā€™d be nice to share here for anyone whoā€™d like to have a read. + +If youā€™re finance-y inclined this may all seem trivial, but I wanted to share it for any of us that arenā€™t, because these little things can save years of hard work (literally)! + +I hope you like it and itā€™s useful for you!Niki + +&#x200B; + +>The realest reason to take care of your personal finances is to gain the freedom to do more of what you want, whenever you want, with whomever you want.The goal of this doc is to show you how to get started in 25 minutes. + +[https://www.dropbox.com/sh/vfe54bjcdhegd53/AACOY0pMfSrzqh0Z3r4W3X33a?dl=0](https://www.dropbox.com/sh/vfe54bjcdhegd53/AACOY0pMfSrzqh0Z3r4W3X33a?dl=0) +I have a house that has very light cigarette smoke smell. Itā€™s faint but itā€™s spread evenly throughout the house even after major cleanup. Do you have any recommendations on how to remove it cost friendly wise? Thanks!! +Hello Redditors, + +I am currently a young male deployed with the military. When I get home I plan on using the VA loan, and work up to a rental property. I've been watching YouTube videos as a start to learning as much as I can. I think its fascinating stuff. Is there any advice to you would give to a person just coming into this sector? Key lessons learned, what to be aware of, books/articles to read? Also, as someone who hasn't done any home renovations before, what are things to learn and to be aware of in this aspect? + +Thanks for your input! +This is mine and my partners first time buying a home. We found one we absolutely love and put in an offer slightly below asking and submitted it a couple hours after viewing it. Itā€™s been on the market for only 2 days. Our agent called us and told us the sellers agent contacted him and told him there was another offer for above asking. Do we wait to see if they accept our offer? Do we counter with a higher amount? The house is everything we want. 3 bed 2 bath ranch style with large living room on the top floor and one in the basement. 1 car garage with amazing landscaping on a corner lot next to a park. Literally perfect and requires hardly any updates. I have so much anxiety about this and fear we may lose out on this house. + +Please send me advice!! +I was planning on investing in a multifamily home, (either duplex or ideally triplex) and rent all units (if a triplex I'd use third unit as second home) +I was planning on giving 20% max down payment but was hoping there'd be lower percentage options based on what information i had found (podcasts, bigger pockets, articles, redditors) +Looking into NY state at multifamily properties around $80-140k. I have great credit score, and employment history however my bank (chase) told me for investment properties 25% is required and they wouldn't lend money on a property lower than 100k. +I'm wondering if this is case specific? Or is this normally what percentage they ask for these types of investments? Or maybe my bank have no idea what they're talking about? +Any information or next course of action would be greatly appreciated. +Thanks! +Okay, I realize that as prices rise, so do wages, so it all 'evens out'. But as I understand it, it *doesn't* even out. Money loses purchasing power, which is a penalty to savers, and a bailout to debtors. How is this fair *at all*? And it seems to me that it is *intended* to do just that, as well, to incentivize borrowing and spending, rather than saving and investing, and I couldn't not understand this notion more. + +On another issue, why does the amount of money ever need to change? As long as the supply is big enough that exchanging it is convenient (for instance, $10 representing the entire economy would be difficult to do simple exchanges with, as an apple would cost like $0.00000000001, if I counted my decimal places correctly), why does the supply have to keep increasing? If we ever ran into an issue where a penny was so valuable that we needed even smaller denominations, we could simply just re-denominate money; if you had $1 before, it is now considered $10, and a penny is now ten cents. + +This is probably a beaten-to-death topic, and sure I could just Google for various essays, etc., but it's the weekend, so let's discuss it again. +[Paul Keating says 12% will "barely cut it".](https://www.abc.net.au/news/2018-11-13/keating-says-raising-super-to-12-per-cent-will-barely-cut-it/10494226) [Grattan Institute says 9.5% is enough.](https://grattan.edu.au/higher-superannuation-means-lower-wages-grattan/) [Politicians get 15.4%.](https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/pubs/BN/1011/SuperannuationBenefits) + +Please follow rule 6 +i got denied for food stamps again because my income is just barely over the government requirements. if you ask me, it's bullsh*t. if i could afford food i wouldn't be applying for food stamps to begin with. i've been eating pb&j's for every meal for a week now. is anyone else in the same boat? aside from food pantrys where could I get something other than ramen until i can figure out if i can appeal this??????? +Thur/Friday Brent jumped from 22 to 30.5 thanks to Trumps tweets about fixing the crisis with an OPEC meeting. + +Here is what we know: + +\-Oil supply is expected to beat demand by 30 million bpd (bpd=barrels per day) in April + +\-Trump wants Saudi and Russia to cut 10 million bpd + +\-If Saudi and Russia cut 10 million bpd thats half their total output and twice what OPEC has ever cut + +\-Saudi and Russia are sick of doing the cuts while USA take their market share + +\-Saudi and Russia want USA to join in on the cuts + +\-It is illegal for USA or its companies to join forces to cut and raise prices intentionally + +\-Even if they cut 15 million bpd that will still leave 15 million bpd over supply + +\-Even if they cut 15 million bpd that will only buy an extra 6 weeks until world oil storage if full + +So why did price jump so much? I think its a dead cat bounce or momentum traders. It will most likely crash again to 20 and once storage nears capacity even as low as 10 + +&#x200B; + +Edit - a point I missed too, 05APR Sauidis release their the May oil prices, being the day before the meeting it will prob be very cheap to hurt everyone more and act as a bargaining chip + +Edit 2 - Acronym was incorrect. Swapped mbd to million bpd as I was mistaken, mbd means thousand barrels per day not million. +The obvious answer seems to be that they will never be able to retire. But if automation does take off they may not have this option and unemployment could be high and as older workers they would struggle with getting / retaining jobs. + +I suppose the more likely scenario is that there will just be higher levels of poverty amongst the elderly and life expectancy will actually start falling quickly. A sad thought for a developed country. +Evening all, + +&#x200B; + +I've been reading through Monzo's literature on their upcoming crowdfunding operation (all Ā£20,000,000) of it... + +&#x200B; + +Just wondered what people's thoughts are on investing in Monzo as it is a relatively new company and hasn't been made publically available on the stock market. + +&#x200B; + +Is it a 'safe' investment compared to other options? + +&#x200B; + +Will you be planning on investing? + +&#x200B; + +What are the benefits to crowdfunding at this stage VS waiting for it to be publically available? + +&#x200B; + +Thanks! +#Welcome to the 1st Annual Wallstreetbets Awards! + +Here we will celebrate some of the most notable WSB users and posts of 2019. It was an interesting year with a lot of colorful characters and crazy plays. Let's toast to 2020 being just as wild. Who knows what the rest of the year will bring. I'm excited to find out and hope to see some of you here next year! + +######**Categories** + +- ##**Autist of the Year** + - Winner: >!u/RobinhoodTeam as voted by the community for their lack of control over their own platform. The runner ups would not be possible without Robinhood.!< + - Runner ups: >!u/ControlTheNarrative (GUH), u/analfarmer2, and u/1R0NYMAN!< + +- ##**Thread of the Year** + - Winner: >![No bamboozles, everyone who comments in this thread will be invited to become a mod of r/WSB.](https://old.reddit.com/r/wallstreetbets/comments/b87viz/no_bamboozles_everyone_who_comments_in_this/) by u/OPINION_IS_UNPOPULAR. This was great and had over 78k comments. It picked up very quickly and reached #1 on all. Of the 78k commenters, around 7k people were modded before the operation was canceled!< + - Runner up: >![A Message From The Mods](https://old.reddit.com/r/wallstreetbets/comments/at3nf1/a_message_from_the_mods/) (paper trading competition results) by u/CHAINSAW_VASECTOMY. Unfortunately over 200 people fell victim to this trap.!< + +- ##**Plays of the Year** + - Winner: >!u/TheTriviaTribe for turning **$766 into $108,000 in TWO trades.** Link to [imgur album with two images of plays](https://imgur.com/a/E99lJaC). Link to [thread of first play](https://old.reddit.com/r/wallstreetbets/comments/d6xlct/thank_you_roku/) and link to [thread of second play](https://old.reddit.com/r/wallstreetbets/comments/d8pmeu/thank_you_spy/).!< + +- ##**Most Overall Realized Gain of the Year** + - Winner: >!u/thesmd1 for making **$1,020,882.86** from AMD day trades! Link to [thread here](https://old.reddit.com/r/wallstreetbets/comments/ec6jrx/822mil_of_amd_in_one_year_average_trade_of_200k/). Link [to image of gain](https://i.imgur.com/mNTGTrD.jpg). Note that there are others that have made more but for privacy reasons, they do not want to reveal their gains!< + +- ##**Most Gains from a Single Play** + - Winner: >!u/analfarmer2 for making $277k+ after news helped his play. Image [of the play](https://i.imgur.com/WTfR06Y.jpg). And [thread here](https://old.reddit.com/r/wallstreetbets/comments/cksrsf/spy_puts_277k_profit_in_1_minute/).!< + - Runner up: >!u/Fuyuki_Wataru for making [+$212,092.68 with his BYND play](https://old.reddit.com/r/wallstreetbets/comments/cptdkw/cook_hookers_it_is_boys_update_on_old_500k_bynd/).!< + +- ##**Most Percent Gain from a Single Play** + - Winner: >!u/VacationLover1 for having a 16,000%+ gain from a single options play. Picture [of the gains here](https://i.imgur.com/8EY7SFS.jpg).!< + - Runner up: >!u/Yoloking25 with a 10,836.73% gain with BIIB. Link [to thread here](https://old.reddit.com/r/wallstreetbets/comments/ed4d5g/600_bucks_to_53k_last_biib_earnings_never_gets_old/)!< + +- ##**Loss of the Year** + - Winner: >!u/analfarmer2 for losing over $600k. It started with [this play](https://old.reddit.com/r/wallstreetbets/comments/ckycr2/600k_yolo_in_fds_expiring_tmrw_if_i_die_remember/), and then an [update to that play](https://old.reddit.com/r/wallstreetbets/comments/cl4sku/at_the_end_of_the_day_money_is_just_paper/), and finally ended [with this play](https://old.reddit.com/r/wallstreetbets/comments/cnrj9t/doubling_down_wasnt_the_best_idea/). Here is [an album of six screenshots](https://imgur.com/a/aUEWN6E) that show the rise and fall of his portfolio. We definitely feel for analfarmer2 as the $600k he lost can be quite life changing. Be well, and remember that it's just paper.!< + +- ##**Meme Maker of the Year** + - Winner: >!u/Haupt91 for all of his amazing work throughout the year, and for being the first to do a [live interview format meme](https://old.reddit.com/r/wallstreetbets/comments/dtf7s0/wsb_yolo_king_lands_interview_on_cnbc/). Most memes that people make are images or videos with text, but this one went above and beyond and set a new standard. We hope to see others try this style. Keep up the great work haupt. Looking forward to seeing what you come up with this year.!< + +- ##**Meme of the Year** + - Winner: >![The Legend Of 1R0NYMAN](https://old.reddit.com/r/wallstreetbets/comments/ahy7dy/the_legend_of_1r0nyman/) by u/EffingDankrupt. This was very well made and came from someone who hadn't previously made any memes for wallstreetbets. This also happens to be his only meme thus far. Hopefully he has another great one in store for this year.!< + - Runner up: >!Various works by u/haupt91. He made so many great ones in 2019. Way too difficult to come to a consensus and choose one.!< + +- ##**Live Stream of the Year** + - Winner: >!u/ControlTheNarrative for being the first to do a live stream of a loss. We hope others follow suit (but hopefully in gains). Thread [link here](https://old.reddit.com/r/wallstreetbets/comments/dpnzup/i_recorded_todays_marketopen_and_the_instant/). And direct [video link here](https://www.youtube.com/watch?v=A-tNkuYV4_Q).!< + - Runner up: >!u/Dejula for his live stream of TSLA losses. Thread [link here](https://old.reddit.com/r/wallstreetbets/comments/e01t9k/watch_the_downfall_of_dejula/) and direct [video link here](https://www.youtube.com/watch?v=Nq5AhzKOrJw). However, see below.!< + +- ##**Comeback of the Year** + - Winner: >!u/Dejula for recovering from his TSLA losses in a very short time when TSLA went from 320s to 420s. Link [to thread here](https://old.reddit.com/r/wallstreetbets/comments/ed4cok/guess_whos_back_bitches/). If you don't want to read, here is an [imgur link of the rebound graph](https://i.imgur.com/OEOFGvG.jpg). If you'd like to watch, here is a [video of him explaining the comeback live](https://www.youtube.com/watch?v=LZjjNvwY9Xo). !< + - Runner up: >!u/socialist_baby for recovering from $15k to $65k. Thread [link here](https://old.reddit.com/r/wallstreetbets/comments/dwssnw/if_youre_going_through_hell_keep_going/). And imgur album of [two screenshots found here](https://imgur.com/a/EF0SiQN).!< + +- ##**Gilder of the Year** + - Winner: >!u/Fuyuki_Wataru for gilding over $2k worth of reddit awards [in this thread](https://old.reddit.com/r/wallstreetbets/comments/cptdkw/cook_hookers_it_is_boys_update_on_old_500k_bynd/).!< + - Runner up: >!u/riskit4debiscuit for randomly gilding people throughout the year. We are all thankful for your random acts of gilding!< + +- ##**Phrases of the Year** + - >!It literally cannot go tits up!<, >!Funding secured!<, >!It's just paper!<, >!Priced in!<, >!Trades talks are going well.exe!<, >!Mods are gay!<, >!Personal Risk Toleranceā„¢!<, >!GUH!< + +- ##**Gang of the Year** + - Winner: >!Bull Gang!< + - Runner ups: >!Theta Gang!< and the critically endangered >!Bear Gang!< + +- ##**Selfie of the Year** + - Winner: >!u/WilliamNyeTho with [this picture](https://i.imgur.com/iu5145v.jpg) of him wearing [official WSB merch](https://www.redbubble.com/people/officialwsb/shop). We hope to see more selfies with WSB merch this year.!< + +- ##**Song of the Year** + - Winner: >!u/hooker_reacharound for playing and singing [this amazing song](https://streamable.com/bd10r) on the spot. He was banned, and the mods made him do a song to get unbanned. Link [to the thread here](https://old.reddit.com/r/wallstreetbets/comments/b3v5hj/banned_for_political_comments_ive_asked_the_mods/).!< + - Runner up: >!u/Orgasimo for making [Say Something I'm GUHving Up on You (oFfIcIaL Music Video)](https://old.reddit.com/r/wallstreetbets/comments/dr3eki/say_something_im_guhving_up_on_you_official_music/). Direct link [to video here](https://www.youtube.com/watch?v=rASpieLvH7c).!< + +Suggestions for other awards are welcome for 2020, and may be added if there is enough interest. + +Some of the winners may receive a free hardcopy book that u/jartek (CEO of wallstreetbets) is working on. It should be released this year! + +Thank you to all the regulars and lurkers for making wallstreetbets what it is today. Without you, this subreddit would not be possible. Our current target is to have *one million subscribers* by the end of the second quarter. I hope you all enjoyed the year in review, and I wish each and every one of you a great year. May 2020 bring tons of fond memories and gains for all of us! +Please put all $EEENF related info/questions here. All other threads will be deleted. Thank you and good luck! + +&#x200B; + +Also F in the chat for short term bagholders...you were warned! Gotta take profit on these volatile speculatory OTCs! +Bit of context, although this is posted on behalf of someone else (ANON) so if any details are needed let me know. + +Anons Father recently passed away, and there is an ISA left behind in the fathers name still. The anon and their sibling are looking to transfer the money in this account to their mothers so it can be used. + +Wondering on the legalities of anon logging into the now passed fathers account (they have the details because they needed to pay for carers before his death), and transferring it over? + +I assume eventually this money will be the mothers eventually (through inheritance?) but anon would rather do it quickly. The reason the mother isnā€™t doing this herself is because she doesnā€™t really understand how this works (and is quite forgetful) + +EDIT: thank you all for your kind words and help, itā€™s been really useful :) theyā€™re going to try go through the bereavement process on the banks website! +Iā€™m 30 and been looking to buy our new home for as long as 5 years now. I never went further than viewing a house. +I wished they would have taught us in school how to get a mortgage, what you need to prepare etc. Now 30 years old and still stuck. + +I have an issue with my job which I started 6 months ago. It is a zero hour contract but I have been working full time ever since. I heard that you canā€™t get mortgages if you have zero hour contract. So I feel hopeless and not sure what to do. My boyfriend has a permanent contract and been working for almost 7 years. However I feel that Iā€™m holding him back because of my job. + +However I like my job and donā€™t plan to leave. I can still save enough money and Iā€™m happy with it. + +I did some mortgage calculator online to get an estimate and seems like I wonā€™t be able to borrow the amount I need to buy a property around 150k together with my partner. +Both of us have a joint savings of 20k for the deposit but it seems that my salary wonā€™t be enough to get us the right amount mortgage. So Iā€™m stuck, should i keep saving for deposit or buy a leasehold apartment instead ? + +Sorry my English not very good. + +Thanks +What moves are you guys making concerning these two stocks? I see Tesla might go up September for Battery Day, especially if they can deliver with something that would change electric vehicles drastically for the better. As for Apple I could see it sustaining these levels until their next big development. +Treasury Secretary Janet Yellen said Tuesday that the U.S. economy is "doing very well" as rising energy prices, a Covid-19 variant and Russia's war with Ukraine have sent global markets into a tailspin. + +&#x200B; + +"From a U.S. perspective, I think the U.S. is doing very well," Yellen told CNBC's Sara Eisen on Tuesday. The Treasury secretary is meeting with world financial leaders this week in Washington, D.C., at the annual meetings of the International Monetary Fund and World Bank. + +&#x200B; + +She said the economy is expected to slow after a very strong recovery, but the latest jobs report released last week shows the economy is "very resilient." The Bureau of Labor Statistics reported Friday that nonfarm payrolls rose by 263,000 in September, while the unemployment rate fell to 3.5 percent, tied for the lowest level since late 1969. + +&#x200B; + +However, consumers are somewhat constrained by the fact that prices are rising at the fastest pace in nearly 40-plus years. The latest New York Fed Consumer Expectations Survey shows that consumers expect inflation to be at 5.4% a year from now, the lowest figure in a year and down from 5.75% in August. + +&#x200B; + +This level peaked at 6.8% in June and has been declining since then, as the central bank has instituted a series of interest rate hikes totaling 3 percentage points. The market largely expects the Fed to continue raising rates until it brings inflation down to its long-term target of 2 percent. + +&#x200B; + +Yellen acknowledged that inflation is too high and that lowering it is a priority for the Biden administration. But she said there are ways to do that while maintaining a healthy labor market. +TLDR - [Net worth, income, Asset Allocation, and SWR Charts](https://imgur.com/a/GTceT7d). The SWR chart is new and only includes financial assets (no home, vehicles, or college savings), to answer questions people have had in previous years about why I include them in my net worth. I'm using 3.75% as a SWR. + +I've been posting my family's net worth updates annually on this subreddit for many years (see [2015](https://www.reddit.com/r/financialindependence/comments/308xtv/on_track_to_re_by_50/), [2016](https://www.reddit.com/r/financialindependence/comments/4a6oww/one_year_update/), [2017](https://www.reddit.com/r/financialindependence/comments/5ynkqi/two_year_update/), [2018](https://www.reddit.com/r/financialindependence/comments/838e92/three_year_update/), [2019](https://www.reddit.com/r/financialindependence/comments/b44qvp/four_year_update/), [2020](https://www.reddit.com/r/financialindependence/comments/fevzeg/five_year_update/), and [2021](https://www.reddit.com/r/financialindependence/comments/lz36f7/six_year_update_the_seven_figures_edition/) updates); I find sharing my plans and progress to be helpful for giving myself a heading check, and hope this community finds my inputs to be helpful. The past few years have made March kind of a weird time to do these, as it seems to be apocalypse season, but hey - maybe these posts can help show that progress is possible even in the midst of pandemics and world wars. + +**Current ages: 36 and 35**, with two kids who have turned into pretty cool little people. + +**Combined pre-tax income**: About $218k (\~5.8% increase). Given inflation is running 7%, this means our income effectively plateaued this year and maybe slightly declined. I'm not losing any sleep over this; we have a much bigger shovel than we need. Extra income is a nice to have, but no longer a primary goal at this stage. + +**Assets:** + +Cash/emergency fund: \~$50k (37.5% decrease). We replaced our roof in the past year, but have still not pulled the trigger on getting solar panels. We were disappointed that no new incentives for solar have passed at the federal level, but a bigger impediment is that our state is currently in the process of ending net metering, and depending on the details on how that's implemented (at first it looked like it would be a dramatic drop-off, now it could be more gradual), we might still end up adding in a few panels this year or next so we can get grandfathered in. In the meantime, we've moved over extra cash to taxable investments because it's been sitting around losing out to inflation for too long. + +Tax advantaged Retirement/HSA accounts: \~$820k (13.8% increase). Ouch. Was doing a lot better until Putin decided to go kick off what appears to be a giant war in Europe that's hammered financial markets lately. We don't have access to a fancy mega-backdoor-howyadoin, but we are maxing out both 401ks, Roth IRAs, and an HSA. So all the growth here is really just new contributions this year. + +529 accounts: \~$53k (15.2% increase). Using a combination of 529 investment and prepaid tuition plans, our goal has long been to cover about \~75% of the total in-state public college expenses, but now it looks like we might get closer to 100% just because of good fortune. To be fair, our state's public universities are much more affordable than most. + +Taxable investments: \~$44.5k (117% increase). This tiny but mighty category is super important to grow quickly as we approach the late game, as we'll need it to support the first few years of a Roth ladder (although with recent rule changes, we might consider a hybrid 72t/Roth ladder arrangement). At this point, all raises and spare cash get sent here, and this is expected to grow rapidly. Additionally, we set up a [DAF](https://www.reddit.com/r/financialindependence/comments/p5ioid/donor_advised_funds_a_lategame_strategy/) and are now routing our charitable contributions though it to peel gains off our taxable investments, thereby limiting our tax exposure in this bucket. + +Vehicles: $34k KBB value of three cars (9.6% increase). I...had a hard time updating this number in the spreadsheet. Every instinct in my bones says to never appreciate the value of automobiles. But the auto market is truly bonkers right now. And in fact, I \*discounted\* this value artificially because I refuse to believe that our cars are worth as much as KBB says they are right now. I fully expect this to drop like a stone at some point and am fine with that. + +Home: Using Federal Reserve MSA home index, our home value is now \~$725k (20% increase); using Zillow, the estimate is currently $759k (9.8% increase). We use those two estimates to get a range to estimate our home's value rather than try to nail down some exact number that's going to fluctuate all the time anyways. These methods seem to have converged more closely than normal this year. + +**Debts:** + +Mortgage: $350.5k at 2.875% for 30 years (2.4% decrease). We refinanced a couple years ago, and are gonna hold on to that rate for dear life. Unfortunately, property taxes, insurance, and electricity are all going up dramatically, so we're still not totally immune from increased housing costs over time, but more protected than most people. + +No other debt! + +**Net Worth Estimate:** **$1.38M** using Federal Reserve Home Index (\~21.1% increase), **\~$1.41M** using Zillow (\~14.6% increase). Still a pretty good chunk of growth - it's just that most of it came from our contributions this year instead of any investment returns. + +**Current plans going forward:** We're approaching the late game and are mostly in good shape. All the tax advantaged buckets are on autopilot and projections show they should be sufficient within a few more years - the big area that needs help is the taxable investments bucket to cover any gaps before our Roth ladders and/or 72t strategies can activate. I feel like needing a big lift in that one area provides motivation to keep pushing at this stage. We're looking at roughly 2027-2030 for our goal to step back from full time professional work. + +**Not included**: Just figured it's worth pointing out that we didn't include Social Security for either of us, which I'll estimate at about \~$40-50k/year total. I'll also be eligible for a small defined benefit pension in my 60's for another \~$20k-$25k/year. I consider these as safety factors in case something goes horribly wrong. + +***EDIT***: About half an hour after posting, I realized I left off an account by mistake from my original Tax Advantaged Bucket (rich people problems I know), so the numbers have slightly increased from when this was first posted. +Is there no rule? We all know why this is happening but can't we delete and/or refer on to UK investing to annoy them? I know it'll be short lived but kinda ruining the sub at the minute. Yes, it's personal finance technically but it's repetitive and timing the market and there are more appropriate subs. +My sister and I are just starting to talk about possibly pooling our deposits together to buy a place, to enter the property market quicker. We'll probably be treating it as investment property, but also as a place we can both live if the shit ever hits the fan. + +I'm aware of all the obvious pitfalls that come with co-investing, but would love to hear any thoughts or stories at all. TIA! +Hi folks, + +I gave notice and resigned. I was sick during my final days while on annual leave, so transferred this as sick leave on my timesheet and supplied a medical certificate. I understand that my boss has since amended my timesheet to reflect sick leave as annual leave to avoid paying out less upon termination, this being the latest in a long line of their petty behaviour over my decision to resign. + +Can anyone clarify the following: + +1) am I in the wrong to change my annual leave to sick leave? + +2) Does my employer have any grounds to deny my sick leave? + +3) If they refuse to honour the sick leave and are required to do so, what options do I have for recourse? + +Any help is greatly appreciated, particularly referencing to the FWC etc. I've become a bit lost in it all with establishing what's binding and what's hearsay. +I believe that the massive push to move away from DRS to options is a massive distraction and a possible play by the SHF to get access to our money and shares. + +How I see the situation! + +APE-sop Fable: +Imagine you are an Ape roaming the Savannah, your primal monkey mind has a deep hatred for Crocodiles. + +You find a big fucker stuck in a pool of water, and luckily, you happen to have a pump and a hose, so you start to pump out the water. Since the Crocodile canā€™t realistically leave the pool. His legs are too SHORT to walk in the Savannah, so itā€™s stuck in its position. + +You start to worry about how you will actually fight the crocodile after you drain the pool. But luckily a Hunter comes by with a massive Elephant Rifle, a Chair, and a huge cock bulging through his pants. The Hunter doesnā€™t say a word to you directly. But every QUARTER of an hour he give you a report showing how much water you took out of the pool. He just waits sitting in his chair, he just sits silently waiting as a CHAIR man. + +So you realize that the hunter will shoot the crocodile with his massive Elephant gun when the water is gone. Because the hunter is carefully watching how much water has been Drained(RS). + +Then a disgusting Obese Warthog comes up to you and says, ā€œWow, anyone who pumps water is in a cult. I have a better OPTION for you. Just go into the pool and fight the crocodile.ā€ + +You scratch your Ape head, you ask, ā€œWhy would I do that? Why would I go into the water where the crocodile is king?ā€ + +The Warthog snorts, ā€œNot a Cult, Not a Cult, because it will be faster. Look how much water you have left!ā€ + +So the Ape abandons the water pump, runs into the pool, fists raised, and is promptly eaten. + +The crocodile then gives the Warthog his small cut for tricking the Ape. And the hunter canā€™t shoot the Crocodile that is still underwater. + +The End + +Footnote: The Author of this story is retarded and his animal stories are not financial advise. + +Edit to Add Quote from The original Autist: + +Albert Einstein - "If you can't explain it simply, you don't understand it well enough." +In the past 7 days: + +$500 for new tires (2 flats made me realize that you could see the treads.. I'll pay more attention from now on) + +$1,000 for my cat's emergency surgery (thankfully I had a small savings account just for her) + +$500 for a new phone (mine suddenly died after 3 years) + +$300 in medical bills that I was expecting insurance to cover + +**$2,300 in 7 days** + +It was stressful, but it didn't break me, and I still have 3 months emergency savings left. Without this sub, I wouldn't have been so prepared. Thank you! Not having to ask my parents for a loan or go into credit card debt was an incredible feeling. + +Edit: I have now learned that I can return this phone and buy a refurbished phone that is compatible with my plan. Thank you to all of you who let me know about that. I appreciate it! However, please remember that some people have different opinions on how they spend their money. Some people like to splurge on certain things, and that's okay. +[https://www.barrons.com/articles/recession-cars-bank-repos-51657316562](https://www.barrons.com/articles/recession-cars-bank-repos-51657316562) + +"Lopez says it is hard to track vehicle repossession rates because banks are loath to talk about them. But based on what he says he has seen from banks, subprime repos have nearly doubled since 2020, to around 11% on average. The bigger red flag is in prime repos, where borrowers have higher credit scores. Lopez says usually about 2% of prime loans wind up repossessed. Now, that rate is at about 4%. " + +Ok what apes are diamond handing their cars to avoid repos???? That doesn't count if you can't pay for it! +Certain global cities are quite inexpensive, but do you want to live like the locals or do want to have access to luxury experiences and goods? + +This report is long, but makes some attempt at quantifying how much certain services and goods cost in different areas. So Bangkok may be inexpensive for food or cleaning services but if you want a Ermenegildo Zegna suit or a Steinway & Sons Grand Piano or a Two-Michelin-starred restaurant then it will end up being relatively expensive vs other global cities. + +Make of it what you will, thought some here might be interested [in the report.](https://srv-file8.gofile.io/download/Nb6rWJ/global-wealth-and-lifestyle-report-2020.pdf) +Looking for advice/general knowledge from people who have built passive income through dividends, and invested primarily to achieve a high dividend return. + +Some info about me for context: Recently graduated from grad school with very high debt ($188,000) but very high income ($190k+). Obviously, debt is number 1 and I'm also maxing 401k. + +I'm not worried about maximizing 401k through any other route, my job offers a Roth 401k, along with 14% of base pay starting on month 25 and going indefinitely. + +Once the debt is paid (current estimates are 3.5-4 years), the wealth building will begin. After a lot of reading I've decided on paper assets as my ticket to wealth. + +So, how did you get started with dividend building? I saw the S&amp;P dividend aristocrat fund, is this any good? Looking for advice from those who've done it! + +Thanks! +So I started playing with scalping Thursday. In the morning, I Google ā€œmost volatile stocks todayā€ and make a watchlist in ThinkorSwim and add stocks from the list with high volume, usually $15 a share or under. I have RSI set to a length of 5. When a stock on my list drops below 20 RSI, Iā€™ll throw some money at it. If it still drops, Iā€™ll average down. When the share price is up by a cent or a few cents from my average buy in, I sell. I made dozens of trades in the last two days and only lost money on like three of them. I bought anywhere from a few hundred to a few thousand dollars per trade. + +Thatā€™s it. Super simple but I made way more money than I expected. Am I just getting lucky? It canā€™t be this easy, right? +I am a futures day trader who has been in the game since the beginning of this year. (I've been studying since last May, only seriously began trading this January). For the past few months with the volatile action we've been getting in the market I made some pretty decent profits. On a good day I could make up to 8k by market close. I'd like to believe that my fundamentals are pretty decent. + +However this past week has been so erratic. None of my fundamental or technical analyses were able to pay off. The whole market seems like it is losing its marbles.. Double tops turn into double bottoms within minutes only to reverse back with huge swings. This has made my trades absolutely blow up. I'm beginning to feel like nothing make any sense. I lost close to 40k in the past 3 trading days. I feel like my mental health is degenerating rapidly due to the sheer amount of stress and anxiety I've been experiencing. Worse thing is I am doubting myself immensely and I'm beginning to feel like an absolute degenerate for blowing away months of earnings within 3 days. It's getting so bad that I stopped trading entirely today just so I can take a breather. + +Since I am relatively new to the game I would love to hear any advice out there from old timers. I'm sure many people have experienced bad days, do you have any advice on how to day trade the manic market we're in? + +Edit: reflecting on my trades this week I definitely got too emotional and overtraded my positions to the point where I turn profit into losses. On the other hand all these losses made me chicken out of a several otherwise would-be profitable trades and took a loss instead. Fomo and overtrading are profit killers. Next week I will focus on making less but more convicted trades. +I've been testing Flashstaking for a few weeks now since it released and it has been awesome. - When the gas fees are affordable. (but I think a l2 solution is in the pipeline, so it'll get even better.) + +The APY is awesome for a staking token (so far 29%-50% on various tokens, but I mainly staked flash on the ETH and YFI pools) and the reward is instantly sent to my wallet. It feels like uniswap but for staking instead of trading. + +As far as I can tell, this is a unique project. It is fully audited and has a public team called Blockzero. + +&#x200B; + +[Flashstake.io](https://Flashstake.io) for more info + +[https://app.flashstake.io/](https://app.flashstake.io/) for the dapp itself + +&#x200B; + +For some reason this has a tiny market cap but it did launch just 2 weeks ago. I imagine once more is staked there could be a supply shock and the price will go up. + +&#x200B; + +Here are some key links: + +Flash was made by [blockzero labs](https://blockzerolabs.io/) and the coding has been [audited](https://github.com/solidified-platform/audits/blob/master/Audit%20Report%20-%20Flash%20Protocol%20%5B04.12.2020%5D.pdf) by solidified, who audited projects such as Loopring and Argent. + +[CoinGecko](https://www.coingecko.com/en/coins/flash-stake) +So a few months ago my mortgage company updated their web site. We had automated payments through our bank. We got a letter saying we missed one so I looked it up, and sure enough, our payment had been "returned" with no explanation two weeks later. Our bank knows nothing, says they haven't seen these requests for payment. Called, no explanation was offered. Ultimately they said to try again. That time it worked. + +A month later, it happens again. This time, nothing works - another account, nothing. The payments keep getting "accepted", and then "returned" after 10 days. Hours on the phone resolve nothing. We mail a check. But at that point, because our payment has been "returned" multiple times, we're told they "no longer accept checks", and we can't keep trying online payments. Or credit cards. They suggest we mail a certified check, so we do. That was over a week ago and apparently nobody has seen it. They continue to send threatening letters, and we're well up over a month now. + +I submitted a complaint through the CFPB. It's just online, and it seems to come down to "maybe in a month or two we'll do something. Maybe." + +Reddit, this is the most insane shit I've ever seen. Seriously - I can make this payment twenty times over from my checking account but they just won't take the money. What the hell can I do? +Earlier this week, TheSkyPirate had asked "if you had no information and you were picking completely at random, would it be better on average to sell options or buy them? And is there a difference for calls vs puts? Does buying/selling spreads affect this?" + +I loved this question and got inspired to go create an automated trading bot to simulate trading this strategy on weekly options to find out. I run several automated strategies currently and do quite a bit of backtesting for new strategies so I already had a lot of the framework built to run this kind of test. + +What happens is that each week, on Monday it looks at all the available securities that trade weekly options. It randomly chooses to buy a call, sell a call, buy a put, or sell a put on each security for a single contract. It chooses a strike price right at the money and simulates a trade. Then, every Friday at market close, it simulates closing out all positions and tracks profits or losses from each trade. + +Here are the results for week 1: + +[https://www.stocknudge.com/random/](https://www.stocknudge.com/random/) + +Link to original post: [Has anyone actually done that math (or made an educated guess) on expected value of buying or selling random options?](https://www.reddit.com/r/options/comments/e55en4/has_anyone_actually_done_that_math_or_made_an/) + +I'll keep it updated each week as long as people are interested. +Effective immediately Robert Iger will return as CEO of Disney. He will serve a two year term +Iger previously served in the position from 2005-2020. Former CEO Bob Chapek has stepped down from the role. + +I currently own a position in $DIS + +[Bob Iger Named Disney CEO](https://www.cnbc.com/amp/2022/11/21/bob-iger-named-disney-ceo-effective-immediately.html) +First time posting here so please don't mind the formatting. I needed advice on the following- +Which policy is the best to for a 24yr old working woman with a salary of 3.3lpa and looking to invest over a period of 15-20 years. We've checked out LIC Jeevan Anand. Is it good enough or are there better policies in the market which can be considered? +https://economictimes.indiatimes.com/markets/stocks/news/sebi-plans-to-introduce-framework-to-compensate-investors-for-technical-glitches/articleshow/80789204.cms + +>Markets regulator Sebi is considering a proposal to introduce a framework to ascertain the incidents of technical glitches whereby compensation would be given to investors. + +>Besides, the regulator is also looking to devise a methodology and calculation of compensation. + +>"Sebi is actively considering a proposal to introduce a framework for ascertaining the incidents of technical glitches where compensation needs to be paid to the investors and to devise a methodology and calculation of compensation," according to the regulator's annual report for 2019-20. +My first post , numbered so I can keep track . The usual disclaimers , not an advisor , not qualified , no finance background and according to my better half a duffer half the times. If you consult my children then a duffer 3/4 times My feelings and opinions , pleas do your own math and consult your own professional advisor . + +I am just sharing what I feel and what I am doing + +Interest rates & Fixed Income investments + +I have come to a conclusion that interest rates and by that I mean the benchmark GSEC 10 year yields are due for 100 bps spike . Currently around 6.19 , I expect to to go to 7.25 + +When I look at 30 year charts of interest rates for India , barring outlier years it has hovered between 7 % - 8.25% . I strongly have come to believe that reversion to the mean is imminent . + +I have held this view for the last 6 months , and to test out my feelings I have done / doing 2 things + +1. Financial institutions tend to do well in a scenario of rising interest rates . I have started a small SIP IN MOTILAL Oswal bank nifty fund in June and I expect it to beat the nifty 50 over the next 4 years . + +2. I am exiting my fixed income investments lock stock and two smoking barrels and moving to arbitrage where I will suck up and take the 3.85 per cent returns as I donā€™t want my taxable income going higher . The capital gains route is better . + +3. I have postponed my decision to buy an endowment policy , I would like to lock in a better IRR once the GSEC 10 year yield is 7.25 %. Ditto for the deferred annuity I was considering as well as the 30 year GSEC I was considering . + + +In short , I am willing to take sub par returns based on my conviction for a period of 2 years in the hopes that I will be able to lock in for 20 plus years a higher rate. + +I may be gloriously wrong , in which I would lose some returns per year for 2 years . + +But if I am right and can lock in 20 years of fixed income rates , and an endowment policy at a higher IRR I would be gloriously right . +I just went to get my vehicle assessed for damages after my car was hit. My car is old and the assessor said that the insurance company wonā€™t pay to fix my car because itā€™s over the total worth of my vehicle at this point. Instead, he is going to write me a check for the cost of my vehicle. + +What repercussions does this have for me in the future? My car is in great working condition but has a dent. I am sure I can get one or two more years out of it at least. If my car is hit again in the future, does this mean I will get absolutely no payment for the vehicle and will have to dump it if itā€™s not drivable? What about selling the car? +I've been reading about Evergrande and I really don't get it. Can anyone explain this to me like I'm 5? + +I'm guessing all rich people are selling everything because something bad ***might*** happen? Or ***will*** happen? ~~Should I be selling all my shit?~~ + +Edit: Not gonna sell all my shit lol. I was in a kind of a hyperbolic mood. Just feeling impatient with how people at the top fucking up means we all lose value, even if temporary. +We have just moved from commbank to bank of Melbourne this month and received 4K cash back. How soon do we have to wait, if we decide to move again say to ANZ and get another 4K? Not fixed, all variable and the loan is only 50% of what the property is valued at +There is a Taoist story of an old farmer who had worked his crops for many years. One day his horse ran away. Upon hearing the news, his neighbors came to visit. "Such bad luck," they said sympathetically. "May be," the farmer replied. + +The next morning the horse returned, bringing with it three other wild horses. "How wonderful," the neighbors exclaimed. "May be," replied the old man. + +The following day, his son tried to ride one of the untamed horses, was thrown, and broke his leg. The neighbors again came to offer their sympathy on his misfortune. "May be," answered the farmer. + +The day after, military officials came to the village to draft young men into the army. Seeing that the son's leg was broken, they passed him by. The neighbors congratulated the farmer on how well things had turned out. "May be," said the farmer. + +I've been doing real estate investing for about 10 years now. I've started out with just SFH and purchased 8 places. + +December of 2020 I purchased my first apartment building, a small 8 Plex. In June of 2021, I sold one of my SFH and made a killing (it was in a HCOL) and used the funds to purchase another 80 units in 5 properties. + +I now have the chance to purchase another 24 unit building. But my concern is that I'm growing too much too quickly. In one year, I'll have gone from having just SFH to having over 100 units.. I've put 25% down on all the properties that I've purchased, so I have some equity in them and am so far making profits monthly. + +What are your thoughts? Has anyone else grown this quickly and how did it turn out? +Situation: Bought duplexes after each of my kids were born in hopes that they pay for college 18 year later. Both paid off. +Valuation: $300000 +Rent: 2855. Not underpriced. +97% occupancy since purchase. + +Need the money for college. + +Worried about depreciation recapture. + +Looking for adviceā€¦ā€¦. +I'm a EU citizen, so it's easier for me. +Given the coronavirus, I think we can all expect an important price drop 6-12 months from now. + +Has anyone considered buying in these countries? + +I saw some pretty cheap coastal properties in Montenegro. + +Has anyone thought or been involved in this? +Recently my wifeā€™s grandmother passed away and had a house with around 17 acres of property. The house was reversed mortgaged. Her son inherited the house but doesnā€™t want it or the property. I might have a potential buyer set up and the son is willing to sign everything over to me if I want it. What advice would yā€™all give because I donā€™t know what all will be involved with this especially with a reverse mortgage plus what tax issues can arise from being given everything? Should I pay a small amount or is it better to just be given everything? Should I even deal with it?New to this and you can use a good bit of advice. + +Edit: having read what all yā€™all are saying it seems it would be to much of a headache to deal with +Iā€™ve been interested in this multi-family property in my neighborhood that was previously on the market. The seller apparently removed the listing because real estate moves slow where I live and I guess he/she wasnā€™t getting any buyers. The seller does not live at the property. My aim is to contact the seller directly and give him/her an offer for the property. Iā€™m sure he/she is still looking to sell if the price is right. I want to try to avoid dealing with realtors. What is the best way to go about finding who the owner is? Is there a way to get his/her contact info? Should I write to him/her? Or should I just call? Any advice on this matter is much appreciated. Thanks! +Hello all, + +I'm in my early twenties, and I am thinking about buying a SFH with the 3.5% FHA loan in the future. It is to my understanding that if you act as your own broker, you can use your 3.0% commission toward your down payment on this type of transaction. + +This would be my primary reason for getting my license, but I also read about ongoing expenses related to continued learning, disclosure hassles when negotiating and other liability exposure. + +How do the negatives of disclosing that one is a licensed realtor manifest themselves in the real world? How expensive can keeping your license be? + +Given that I am young and don't have a lot of money saved up, If I can save 15k, 10k, or even 5k on the down payment, and it only costs me 1-2k to acquire a license, is it not a no brainer? what am I missing? +Situation: Bought duplexes after each of my kids were born in hopes that they pay for college 18 year later. Both paid off. +Valuation: $300000 +Rent: 2855. Not underpriced. +97% occupancy since purchase. + +Need the money for college. + +Worried about depreciation recapture. + +Looking for adviceā€¦ā€¦. +I'm trying to educate myself a bit before I invest in rental properties. I'm wondering how I would calculate how much to charge for rent? I would assume you want to just look at rent for similar properties in the area but if that information isn't available I'm not sure what I would do. I feel like having a good idea about this would be important for figuring out if I should invest in a property or if I'm better off just sticking my money in an index fund. +[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/) + +# šŸ™‹ ā€‹[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/) + +# šŸ“š 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 tradeā€“ then this is for you + +# šŸŸ£ [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/xxh13d) šŸŽƒšŸ¦ + +>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! + +šŸ“ā€ā˜ ļø [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/) +They keep paying fines to make it go away....and it keeps going away. This shit must stop. + +They don't stop. + +They were fined and caught 19 times in 2020 alone. + +They brought in over $4B in 2020 alone, so a few million in fines means nothing to them. + +https://youtu.be/Hv7SbgM-JrA +Hi! Iā€™m still fairly new to investing and Iā€™m looking to invest my Roth Ira into VOO, but I want to still have a bit of diversity. Iā€™m looking into ETFā€™s with small capā€™s like VOOG however Iā€™m trying to weigh my options. Iā€™m not even sure if small cap should be my aim, or I should be fine with large caps. I just like VOO for the high percentage of Apple stock + +Side question: would it be better to have VOO on my personal portfolio and VTI for my Roth IRA, or would my original plan be better for long term? +The title is pretty self-explanatory. With their recent acquisition in the student housing industry as well as their historic growth, is Blackstone worth investing in? +Hi i always read about how Apple and Microsoft are great tech dividend stocks but the dividends are so low to me. Does anyone have any higher dividend tech stocks that they like? +My sincere apologies if this is covered in the Wiki -- I've looked but haven't found an answer to this specific question. + +I am just out of college, and having started my first job &amp; started contributing to a 401k I know that it's time to also open an IRA. I'm going to use a Roth IRA and I figured that ā€” since capital gains are taxed at a lower rate than income ā€” it makes sense to have income-yielding securities in a Roth account. (In the same vein, having growth-oriented equities in a taxable account allows for capitalizing on losses.) + +I really like the idea of amassing a large monthly income via dividends over time and using them during retirement, and at first it seemed the best way to do this was to start developing large positions in dividend-yielding securities early on in my savings. But lately Iā€™ve started to think that as a young person I should be more risk-oriented in my portfolio, and not allocate so much to dividends (aka perhaps allocate 10-15% rather than 30-40%). + +My question is ā€” what are the tax repercussions (if any) to converting a Roth IRA portfolio from non-income equities to dividends when I reach a certain age ā€” that way Iā€™d have more risk exposure when Iā€™m young and still be able to get large dividend positions when Iā€™m closer to retirement age. Is this the best way to go about this, or should I start off allocating 25+% to dividends off the bat? Am I thinking about this in a correct way? Thanks for any advice. [edit: typo] +I currently have $2k in a few different non-dividend stocks. They aren't doing well so I plan on holding. However, I would like to start a dividend portfolio, and now is the perfect time to buy I feel like. I am only down $112 in total and this $2k is basically my life savings, I am only 21. **Would it be stupid (in your opinion) to sell at a relatively small loss and start building a dividend portfolio. OR should I wait until they recover, sell and then begin building my dividend portfolio?** + +I feel like I didn't initially invest in a very intelligent way and now I just want to get my money out before it gets worse, but I know how the market works and that it will eventually recover, especially since they are good companies. I'm just looking for your opinion, it goes a long way thank you! + +&#x200B; + +Edit: I have a Roth so this question only pertains to my individual account. + +TL;DR: I have current investments in DOCN and AMD 50/50, and now that I understand the market better I know these are bad investments at my current POS. What would you do? +Iā€™m new to dividend investing and Iā€™m cautiously optimistic at the potential of dividend ETFs. Iā€™m 21 years old and maxing out my Roth. Iā€™m looking to eventually get a second stream of income, so Iā€™m more interested in yield than growth, however I understand that my future self would appreciate some growth ETFs! Iā€™m planning on starting with a 5,000 investment and splitting it 3 ways. Iā€™m able to put in about 1,000 per month (split three ways). + +What I would like to know is if it going 3 ways is the smartest route, or if I should really focus on one certain ETF. Additionally, Iā€™ve done my research and Iā€™m liking the aforementioned ETFs but Iā€™m wondering if there are any red flags I should know about. I appreciate any thoughts or info! +Trying to set up my parents after selling their house to put their money in a few stocks or ETFs that paying quarterly will result in monthly payments and that are qualified dividends. Anyone have any suggestions for this strategy? They've got to be pretty solid assets also. My parents are in their 70s and I need to make sure they play it safe. Thanks in advance for anyone taking the time to read this and answering positively. +I know enough about dividend investments to know that I donā€™t know enough. I am thinking of hiring someone that can help me get started. Has anyone ever worked with a ā€œdividend investment specialistā€ or a brokerage firm that offers help in this area? If so, can you share your experience? Was it worth the time and money invested? If you had to do it all over again, what would you do differently? +*Itā€™s almost as if self-regulated foxes canā€™t be trusted to watch the henhouseā€¦who wouldā€™ve ever guessed?!* šŸ¤Æ + +# =========== + +[The Fedā€™s Trading Scandal Broadens into a Scandal with the Mega Banks It ā€œRegulatesā€](https://archive.ph/PYLA0) + +ByĀ [Pam Martens and Russ Martens](https://archive.ph/o/PYLA0/https://wallstreetonparade.com/about-3/about/): October 24, 2022 + +*Jeanna Smialek, Federal Reserve and Economy Reporter, New York Times* + +Last Thursday, Jeanna Smialek, who reports on the Fed for the New York Times, [broke the news](https://archive.ph/o/PYLA0/https://www.nytimes.com/2022/10/20/business/economy/james-bullard-citi-private-event.html) that the President of the St. Louis Fed, James Bullard, gave a private, invitation-only briefing on October 14 to clients of Citigroup ā€“ a Wall Street megabank that is supervised by the Fed and which received the largest bailout from the Fed from 2007 to 2010 in global banking history ā€“ a cumulative sum of $2.5 *trillion* in secret loans according to a government audit. + +&#x200B; + +Smialek noted in her article that ā€œAbout 40 people attended the event, which had a formal agenda and was advertised to Citi clients.ā€ Bullard answered questions from attendees, according to Smialekā€™s reporting. Bullard is a voting member of the Fedā€™s Federal Open Market Committee and has access to insider information on the Fedā€™s market-moving monetary policy actions. + +&#x200B; + +Bullard would appear to have been living under a rock for the past year. The rest of the world that has had access to news outlets is aware that the Fed remains under the largest trading and ethics scandal in its 109-year history. The Presidents of the Dallas Fed, Robert Kaplan, and the Boston Fed, Eric Rosengren, both resigned from their posts on September 27, 2021 after their aggressive trading during the pandemic in 2020 came to light. The Vice Chair of the Fed, Richard Clarida, also stepped down in January after details of his stock trading made headlines. + +&#x200B; + +And on the same day that Bullard was giving that tone-deaf private briefing to Citigroup clients, the President of the Atlanta Fed, Raphael Bostic, released aĀ [seven-page statement](https://archive.ph/o/PYLA0/https://www.atlantafed.org/-/media/documents/about/atlantafed/officers/executive_office/bostic-raphael/financial-disclosure/explanatory-statement-2022-10-14.pdf)in which he admitted to failing to list a multitude of trades that were conducted on his behalf by trading firms on Wall Street over a period of five years; failing to properly report income on his assets on his financial disclosure forms; trading during blackout periods when trading was barred by the Federal Reserve; and providing inaccurate values on his financial disclosure forms. But despite these jaw-dropping disclosures, the Board of Directors of the Atlanta Fed did not ask Bostic to step down. (See our report: [Atlanta Fed President Bought Low and Sold High in 2020 as the Fed Bailed Out Wall Street; Then He Failed to Report those Trades](https://archive.ph/o/PYLA0/https://wallstreetonparade.com/2022/10/atlanta-fed-president-bought-low-and-sold-high-in-2020-as-the-fed-bailed-out-wall-street-then-he-failed-to-report-those-trades/).) And, thus far, Bullard appears to be keeping his job as well, despite calls for him to leave the Fed immediately. + +&#x200B; + +One year ago, Senator Elizabeth Warren delivered a speech on the Senate Floor calling out the Fed for a ā€œculture of corruption.ā€ (See video below.) Senator Warren is quoted in the recent New York Times report again using the phrase ā€œculture of corruptionā€ to describe just how little has changed at the Fed despite an ongoing investigation and a year of withering headlines. + +&#x200B; + +As far as the public knows, the ongoing investigation of the Fedā€™s trading and ethics scandal is not in the hands of the Securities and Exchange Commission or the U.S. Department of Justice but is in the hands of the Fedā€™s Inspector General, which is hardly an independent investigator since it reports to the Fedā€™s Board of Governors ā€“ the very body that has allowed this culture of corruption to metastasize. + +&#x200B; + +A key reason that this matter demands the eyes of career prosecutors is that the mega banks on Wall Street, which are supervised by the Fed, have been closely linked by *Wall Street On Parade* to the trading activities of the Fed officials. + +&#x200B; + +Kaplanā€™s trading and obstruction should have warranted an immediate criminal investigation by the Justice Department. In 2020, while sitting as a voting member of the Fedā€™s Federal Open Market Committee and having access to inside information on the multiple bailout programs the Fed was rolling out to deal with the pandemic, Kaplan was trading in lots of over $1 million in both stocks and S&P 500 futures contracts. (S&P 500 futures contracts trade almost around the clock from Sunday evening through Friday evening and thus can be utilized to trade after the stock market is closed and before it opens, the perfect vehicle should one have access to insider information.) + +&#x200B; + +Kaplan is a sophisticated trader who previously worked at Goldman Sachs for 22 years, rising to the rank of Vice Chairman. Kaplanā€™s financial disclosure forms suggest that he maintained a trading relationship with Goldman Sachs, since he lists proprietary products created by ā€œGS,ā€ short for Goldman Sachs. (SeeĀ [Kaplanā€™s financial disclosure forms from 2015 through 2020 here](https://archive.ph/o/PYLA0/https://wallstreetonparade.com/dallas-fed-president-robert-kaplans-financial-disclosure-forms-2015-2020/).) Goldman Sachs is supervised by the Fed. + +&#x200B; + +Kaplan obstructed the mediaā€™s ability to investigate his trading by refusing to release the specific dates of his trades in 2020 ā€” something his financial disclosure forms required him to do. + +&#x200B; + +Rosengrenā€™s wife was given a margin account by Citibank, the commercial bank owned by Citigroup. The Fed supervises Citigroup. + +&#x200B; + +As we [previously reported](https://archive.ph/o/PYLA0/https://wallstreetonparade.com/2021/10/another-fed-bank-presidents-financial-disclosures-fail-the-smell-test/), Bostic was a client of Morgan Stanleyā€™s Private Bank, which [describes itself as follows on its website](https://archive.ph/o/PYLA0/https://www.morganstanley.com/what-we-do/wealth-management/private-wealth-management): ā€œAn exclusive boutique leveraging the Firmā€™s global financial resources and delivering bespoke \[custom\], comprehensive solutions to individuals and families of significant means.ā€ The web page adds that you can ā€œexpect a higher standard of careā€; have access to ā€œexclusive client eventsā€; receive ā€œpersonalized attentionā€ and ā€œexclusive offers from 60+ premium brandsā€¦.ā€ + +&#x200B; + +Morgan Stanley received the second largest bailout from the Fed (just behind Citigroup) during the 2007 to 2010 financial crisis, according to an audit conducted by the Government Accountability Office (GAO). Its cumulative loans from the Fed amounted to $2.04 trillion. ([See page 131 of the GAO report](https://archive.ph/o/PYLA0/https://www.sanders.senate.gov/wp-content/uploads/GAO-Fed-Investigation-1.pdf).) Morgan Stanley remains a Global Systemically Important Bank that is supervised by the Fed. + +&#x200B; + +Are the mega banks on Wall Street intentionally going after the inside information held by Fed officials? If not, why didnā€™t their compliance departments prohibit the aggressive trading that was done by these officials during a declared national emergency when the Fed sat on enormous amounts of insider information? + +&#x200B; + +This investigation needs to broaden to include the activities of the former Fed Chair, Janet Yellen, who stepped down on February 3, 2018 when \[the last US president before current\] failed to renominate her for the position of Chair. Yellen was a Fed Governor before becoming its Chair and that term didnā€™t expire until 2024. Yellen could have remained at the Fed and functioned as a public servant. Instead, in the very same month that she stepped down at the Fed, she signed an exclusive contract with the Washington Speakers Bureau. + +&#x200B; + +Less than two months after stepping down from the Fed, Yellen was raking in huge fees from the mega banks on Wall Street, the very banks that are supervised by the Fed. + +&#x200B; + +When Yellen was nominated by \[the current US president\] for the post of Treasury Secretary, she had to file a new financial disclosure form. That form revealed that she had received more than $7 million in speaking fees, the bulk of which came from Wall Street mega banks and trading houses, after stepping down from the Fed. (See our report: [After Taking Millions in Speaking Fees from Wall Street, Treasury Secretary Yellen Redacted 73 Meetings or Phone Calls in First 3 Months in Office](https://archive.ph/o/PYLA0/https://wallstreetonparade.com/2021/08/after-taking-millions-in-speaking-fees-from-wall-street-treasury-secretary-yellen-redacted-73-meetings-or-phone-calls-in-first-3-months-in-office/).) + +&#x200B; + +When the news broke about Yellenā€™s cash haul, Senior Editor and ReporterĀ [Jesse Eisinger of ProPublica Tweeted](https://archive.ph/o/PYLA0/https://twitter.com/eisingerj/status/1345501678246752261)Ā this: ā€œDeeply troubling two-fisted money grab from banks by Janet Yellen. This is corruption, but isnā€™t called that because itā€™s so quotidian.ā€ Eisinger added: ā€œSure, Yellen might think she can make independent decisions once in office. But how arrogant is it to imagine that money corrupts everyone but you?ā€ +**1) Freezer burned meat is perfectly safe to eat** + +I recently saw a commercial where I watched with horror as the actress took a steak out of the freezer, saw that it was freezer burned, and immediately threw it in the garbage. "Who does that?" I thought. + +Freezer burned meat is perfectly safe. Freezer burn is just moisture leaving the meat. It's basically freeze-drying. The texture is affected, and to a lesser extent the flavor, but that's no reason to chuck it! + +All you have to do is cook it in a manner that re-adds moisture. Soups and stews are your friend here, but really any dish where the meat is cooked in a sauce will do. My go-to for freezer burned beef is beer stew (beef, onion, salt, potato, carrot, turnip, a handful of dried barley and a bottle of beer). My go-to for pork is pulled pork (cooked slowly alt low temp with bbq sauce, vinegar and hot sauce, sometimes onion and peppers). My go-to for chicken is simply chicken cooked in the oven in BBQ sauce or red wine. + +**2) Expiration dates are just suggestions** + +Food doesn't magically go bad on it's expiration date. The expiration dates are just suggestions. They are also not federally mandated, they are put on by the manufacturer, and (usually) have no bearing to food safety. Most manufacturers will try to figure out a date when their product will possibly go stale, and that's the date they set. That doesn't make it unsafe to eat after that date, it just means that the taste and texture may not be perfect. + +Some food like cereals will almost never go bad unless they get wet. Anything in a can, box or bottle will never go bad until after it has been opened. I've eaten olives that were 2 years out of date. They were a bit softer/mushier than I would have liked, but they did not make me sick. + +So use your nose. If it smells off, don't eat it. If it's past its expiration date but still looks/smells good, go ahead and eat it. + +**3) Take care of your leftovers** + +Once a package is opened, or once a meal has been cooked, it's just a matter of time until it goes bad. You can take your leftovers into work for your lunch, but if it's been in the fridge for 3-4 days, it's time to freeze it. Freezing stops the decay process and, other than the afore mentioned freezer burn, you food will never go bad in a freezer. + +If you open a can of something (say, 2 year old olives) and only use half of it, don't put it in the fridge in the open can. Put it in a clean glass jar instead. With access to the air cut off it will last far longer in the fridge, and you'll be able to make those olives into Tapenade a couple of weeks later. A metal tin plus air plus an acetic liquid will quickly turn your food. But a glass jar with a lid cuts off 2 of those things. + +That's why I always have clean jars on hand. Not fancy mason jars, who can afford those? Just regular jars that came with, for example, my pasta sauce. Wash them out and re-use them. +Hello all, I have my first graduate job interview today (via telephone) but I don't know what the salary is, as it was listed as "competitive". I was wondering how should I ask what the salary is during my telephone interview, or whether I shouldn't ask at all? Furthermore, I'd like to ask about their pension scheme too; would this be appropriate to bring up during a telephone interview? + +Thanks. +I was thinking about what will happen with the upcoming earning report this Wednesday, September 8. Does GME go down like it did twice before or does it go up??? Then I had an AHA moment. Eight days after the March 23 earnings report, GameStop issued 3.5 million shares to raise money to pay of the outstanding debt. We all know GameStop price took a hit and bottomed at $132 six days later. Then, GameStop issued 5 million shares on June 9, 2021 to strengthen its balance sheet, adding over a $1.2 billion to it's bottom line. GameStop price took another hit yet bottomed at $145.22 on August 8, 2021. Despite a larger share offering the second time around, GameStop put in a HIGHER low. This is bullish to me because GameStop share price held up very well despite a larger second share offering. This is in combination with the manipulation Kenny and Co. has been doing all along. Furthermore, I don't see a reason why GameStop will need to issue more shares with this upcoming shareholders meeting. The debt is already paid off and GameStop has more than enough cash to grow the company. I'm just a smooth brained ape that loves eating green crayons. Not financial advice. + +TL; DR: GameStop put in a higher low ($145.22) after the 5 million share offering vs. the 3.5 million share offering resulting in a low of $132. I don't anticipate another share offering during the upcoming earnings report. Bullish GME. +No, it is not the autist way, but it has to be said. A lot of the posts and comments as of late (especially if you sort by new), are absolutely cringeworthy. Facepalm after facepalm that make me want to sit the person down and say, "sweety, you are going to get absolutely creamed." + +Lots of people stating the obvious and thinking it is something downright genius. Lots of "investing my life savings," "I only have 2K to my name what do I do with it," "Just starting out how do options work?". No understanding of company valuation, overall market sentiment, and probably most not even understanding what a share of stock represents... + +Case and point: [https://twitter.com/tiktokinvestors/status/1350854473598558213?s=10](https://twitter.com/tiktokinvestors/status/1350854473598558213?s=10) + +While we are all extremely excited that a lot of people are making money these days, and right now you can almost throw a dart at a dartboard and land on something that will šŸš€, if you do not know what you are doing, you are playing a HIGH RISK GAME AND YOU WILL LOSE MONEY. AND POTENTIALLY LOTS OF MONEY. MAYBE ALL OF IT. It's happened throughout history, over and over again. + +The folks that play this game and consistently make a ton of money at it are very good at what they do. They have a lifetime of experience, understanding, and tools at their disposal that we do not have. I am a finance major, a business owner, and over 15 years in basic investing, and I still get walloped from time to time. I've got nothing on those guys, or the brilliant minds on this thread. + +Please make sure you are messing around with money you can afford to lose. Yes, I am in BB, GME, and a bunch of others, but I'm playing around with money that won't hurt me if I lose. + +Some of the folks on here are putting up their rent money, college money, life savings, and grandma's disability check on BETS without understanding how much risk they are actually taking. While we all want Melvin to suffer, look out for your fellow man. There's nothing wrong with owning SOME index funds, and the ones I own are making money as well. + +Now that has been said, + +To the freaking moon. šŸš€ šŸš€ šŸš€ šŸš€ šŸš€ šŸš€ šŸš€ šŸš€ šŸš€ + +Upvote for your fellow newbie investor about to lose his shirt. + +EDIT: If you are in GME, this is not a post encouraging you to sell. It is too late for your soul and you need to (insert diamond hands here...someone paste it I can't find it). GME šŸš€šŸš€šŸš€ šŸš€šŸš€šŸš€ šŸš€šŸš€šŸš€ šŸš€šŸš€šŸš€ šŸš€šŸš€šŸš€ šŸš€šŸš€šŸš€ + +EDIT 2: WOW! I did not expect this to get a lot of attention. I'm glad that a few people took note and for everyone else looking out, that's one of the reasons I like this sub! I want to reiterate - if you understand the above, if you understand the roaring 20s and the Great Depression, and you accept the risks with your YOLO, that's fine! This is for the ever growing crowd that thinks 10-15% gains is NORMAL, and that they can leverage themselves to the teeth to become the next DFV overnight. These people clearly DO NOT understand the risks, and therefore deserve a quick heads up. + +I've received some messages asking where to start. That's great. Here's what I would suggest: + +Youtube and Google are your friends. Anything you read that you don't understand (Calls, puts, shorts, float, squeeze - Google IT). Start with WHAT A SHARE OF STOCK ACTUALLY REPRESENTS, and that you are paying a price for a small percentage of ownership in that company and its current (or potential/eventual) profits. Start with BASIC company valuation - learn about market cap, PE ratios, P/S ratios. Learn how to read an income statement and balance sheet. Make sure companies have a path to profitability if they are not making money. With this knowledge, you can start to understand for yourself if a company is potentially over or undervalued. Start with what companies you know and understand what they are selling, along with trends that you know and understand. When you start getting into stuff that you don't understand or see the vision for, you're just along for the ride. Trial by fire and just getting into it is fine (I learn constantly from my own mistakes and practice makes perfect), but make it a very small percent of what you have. Buy partial shares. Also, realize you will need to probably buy and hold many stocks...it won't just happen overnight. Recent MEME stocks are an exception. When that happens, awesome. But it's rarely like that. GL and have fun with it too. +Found this [paper](https://itep.org/wp-content/uploads/whopays-ITEP-2018.pdf) that compares all taxes in each state. FIRE adheres will find it useful for comparing places to live. Ideally minimizing taxes both in accumulation and withdrawal phases by living in most regressive state while earning high income, and most progressive state when FIREd (and withdrawing low income). +Hey Superstonk! Iā€™m the Executive Producer of Gods Unchained, Daniel Paez. Iā€™m excited to be here today to answer the Superstonk communityā€™s questions about web3, the games industry, and of course Iā€™ll do my best to share some tips on how you can improve your GU game! + +&#x200B; + +https://preview.redd.it/loyllc08tc5a1.png?width=1920&format=png&auto=webp&s=1c9a970ad079a146af0ed652bb8108d37e2fdcd1 + +https://preview.redd.it/pvs5kc08tc5a1.png?width=1920&format=png&auto=webp&s=2c3726f7c586e9ddcfffb950c94148a89f6bf817 + +https://preview.redd.it/sp8knizqtc5a1.png?width=1920&format=png&auto=webp&s=0462440ffee51fe7a7dedfc1996b9ac8281b6cd5 + +https://preview.redd.it/i4sjladptc5a1.png?width=1920&format=png&auto=webp&s=1eaa12df7a7bb5aa43d6059124c6d6fb1d4a4411 + +https://preview.redd.it/0wyrph08tc5a1.png?width=1920&format=png&auto=webp&s=4fbcd48cb4114ca6784df1a7dce05d62d5294f56 + +Iā€™ve been working in the games industry for 7 years across both web2 and web3 gaming, but Iā€™ve been a gamer for much longer than that. I started my career at Blizzard where I got to work on titles like World of Warcraft, Hearthstone, Overwatch, Call of Duty ā€“ and even Starcraft 2, which was pretty exciting for teenage Daniel who spent a lot of time playing Starcraft on his laptop! Iā€™m a strategy gamer first and foremost, and I feel pretty lucky that my day job means I can geek out over the same stuff. I made the leap from AAA to web3 in 2021 to seek a new design challenge in web3 game economies and commercial strategy, and to continue levelling up player experiences in this exciting new space! + +You can find me on Twitter u/_Papalicious_ + + +https://reddit.com/link/zjf598/video/tatn8cs4uc5a1/player +Obviously doesnā€™t apply to all, but Iā€™ve seen three folks this week lose a years plus worth of gains because they thought they figured options out over the course of their 6 month investing career. Itā€™s super unfortunate to see. We can guard against this by slowing down, and thinking through what weā€™re doing. I was just helping another trader that STO a put vice BTO. Theyā€™ll have a losing position on Monday to exit, shouldnā€™t be too bad but nonetheless a completely preventable mistake. + +The markets are quick to take your money, itā€™s an unforgiving place to learn. + +Please remember, itā€™s truly not a sprint. Not even an annual event. Our performance is built over decades. Take it slow and make time to learn what youā€™re doing - your future self will thank you. + +I made my largest investing mistake less than 2 years into my investing career and it crushed a sizable portion of my account. It happens to many of us but leverage the community so you donā€™t need to make the mistakes - learn from those who have been around a for a while. + +Keep trading! +Erik +I'm mid 30's, very frugal, unmarried, no kids, virtually no hobbies, high salary, low expenses, work in finance/tech, and can fatFIRE whenever. + +Despite this, I can't shake the huge aversion to spending or reducing my income in any way. I measure every potential purchase against lifetime return of the capital. I drive a junky old car because they are depreciating but necessary assets. I like my job well enough, and my "hobbies" are income generating. + +I thought when I got to this point I'd be happier, more relaxed, but it's yet to happen. I care less and less about material possessions and more about the money itself. + +Any tips from those that went or going through this? How did you break free from the accumulation mindset that got you to FI? + + + **Industry Overview** + +Shopify competes in the broad e-commerce industry. Competitors include Amazon, eBay, Etsy, BigCommerce, and many other companies. Competitors are either platforms like Amazon that connects buyers and sellers or software companies that offer the same or similar services to Shopify. The e-commerce market is broad and is always expanding. It has seen tremendous growth during COVID-19 and it will likely continue growing long afterward. + +E-commerce has been one of the largest trends over the past two decades as more and more consumers turn to Amazon or other online stores to buy products. This trend has only accelerated as COVID-19 has forced buyers online to buy many of their purchases. + +**Business Overview** + +Shopify was founded in 2004 by Tobias LĆ¼tke, Daniel Weinand, and Scott Lake after LĆ¼tke struggled to find competent e-commerce software to enable merchants to sell products online. LĆ¼tke, originally a computer programmer by trade, made his own software. This was the start of Shopify. The original founders eventually rebranded to Shopify after originally starting as ā€œSnowdevilā€ in 2004. + +Shopify provides tools for merchants (entrepreneurs, small businesses, medium businesses, and large customers) to manage storefronts. Although the traditional focus of Shopify has been to allow merchants to sell physical products online, Shopify has expanded into offering point-of-sale hardware as well as additional tools such as the Shopify Fulfillment Network, Shopify Capital, and 6 River Systems' collaborative warehouse fulfillment solutions. All these tools have been created in order to help entrepreneurs run and scale their businesses. Shopify has long term goals in place to continue to innovate and build out more services and offerings for its merchant base. + +This is the primary goal of Shopify. The running slogan is that Shopify wants to ā€œarm the rebelsā€ and help them compete against large players like Amazon. + +Shopify serves as the central nervous system for over 1 million merchants as of the end of 2019. This number has likely only increased due to the COVID-19 pandemic and the rush to buy and sell products online. Some of the tools that merchants have access to via their store dashboard are analytics, data, inventory, orders, payments, and many other tools you can think of. + +Many entrepreneurs and small businesses sell courses, digital products, or other offerings through Shopify. Although Shopify might be thought of as a company that benefits strictly from selling physical goods, this is not the case. This is another interesting point about Shopify and my personal investment thesis. Shopify is benefitting from many tailwinds such as the rise of the creator economy, direct-to-consumer brands, and entrepreneurship. + +**Total Addressable Market** + +Shopify's total addressable is defined as around $78bn in their financial filings, but of course, this is only growing over time. Shopify is empowering more and more people to become entrepreneurs and make it easier for anyone to sell a product or service online. Shopify is actively expanding its total addressable market. + +One of the interesting ideas about innovative companies like Shopify is that these companies expand their own market. I briefly touch on this below. + +For example, previously most people were deterred from starting a business because itā€™s too difficult, expensive, or time-consuming. Shopify changed this. Starting an online store can be as easy as spending 1 hour and $29. Previously, starting an online business required some heavy coding expertise or lots of software to piece together all the parts of an internet business. More and more people are confident to start an online store because of the ease of using Shopify and all the tools and integrations it offers. + +Shopify has the potential to expand into other adjacent markets related to online commerce. This doesnā€™t necessarily need to be physical products or even virtual products. Any financial transaction that occurs could one day be powered by Shopify to some extent. If itā€™s a business trying to build a brand or a solo entrepreneur building a paid community of like-minded people then Shopify may play a role in enabling this. To some extent, Shopify already offers some of these services mainly through the partner ecosystem and all the apps that are available. + +**Competitive Advantages** + +From a shallow dive perspective, Shopify has a good set of competitive advantages. + +* **Scale** +Because of its size, Shopify is able to pump more money into R&D to enable new offerings to its merchant base. Smaller competitors donā€™t stand a chance competing against Shopify. Shopify offers more tools through its dashboard and partner ecosystem than smaller competitors will ever have time or money to build. Merchants utilize multiple services to build a complete and functioning online store. Small startups donā€™t stand a chance trying to build out a shipping network, offering the equivalent of Shopify Capital, or all the integrations and apps offered through the partner ecosystem. +* **Partner Ecosystem** +This is one of the most interesting aspects of Shopify and itā€™s similar to many other platforms. This is a mini-network effect buried in Shopify. As more designers, developers, and other partners join Shopifyā€™s partner ecosystem, more and more merchants will be attracted to the breadth of offerings of themes, apps, integrations, and more. This will in turn attract more partners, and more merchants, and so on. +This is a small network effect and isnā€™t terribly important in the grand scheme of things on Shopify, but it sure does keep competitors out and it attracts more merchants to use Shopify. Another benefit for Shopify is that this provides a look into the future. Shopify can see which apps are most popular among merchants and Shopify can develop tools, offerings, or simply buyout these apps from developers. Shopify did this with [Oberlo](https://www.startuplithuania.com/news/shopify-has-acquired-oberlo/) in 2017. +As more apps are developed on the platform and more competitors offer software tools for entrepreneurs, Shopify can jump ahead of the competition and buyout these tools or build something to compete with them. For example, if you believe that gated content will be popular in the future, there are already apps that exist on the Shopify platform to enable gated content for paid communities. Shopify can buyout these tools or build a similar offering from the inside to benefit from this trend. +* **Switching Costs** +Merchants donā€™t want to waste time switching stores, remaking whole websites, managing inventory just to save a few bucks a month. The headache involved with switching websites and storefronts is not worth the small potential cost savings of switching from Shopify to another competitor. +Merchants want to focus on their business rather than working on smaller details that will not vastly improve their business. Customers also become familiar with Shopifyā€™s dashboard and the rest of the layout of the backend software leading to familiarity and increased productivity. The headache of switching and becoming familiar with the Shopify platform are some of the switching costs that give Shopify a sustainable competitive advantage. + +&#x200B; + +**Financials** + +Shopify has some pretty incredible financial results through the end of 2019, and the COVID-19 pandemic has only accelerated their results. These numbers are from the end of 2019, so the results during 2020 are different and may lead to a different result if youā€™re thinking about investing in them. + +**2019:** + +* Total revenue = \~$1.58bn +* Subscription solutions revenue = \~$640mn +* Merchant solutions revenue = \~$940mn +* GMV = \~$61.1bn +* Gross profit = \~$870mn + +**2018:** + +* Total revenue = \~$1.07bn +* Subscription solutions revenue = \~$460mn +* Merchant solutions revenue = \~$610mn +* GMV = \~$41.1bn +* Gross profit = \~$600mn + +**2017:** + +* Total revenue = \~$670mn +* Subscription solutions revenue = \~$310mn +* Merchant solutions revenue = \~$360mn +* GMV = \~$26.3bn +* Gross profit = \~$380mn + +There are many other aspects of Shopifyā€™s financial information to dig into such as the differences in the cost of revenues between the software-related revenue and the merchant solutions revenue. This is just a shallow dive and if youā€™re interested in doing a full deep dive on Shopify, do your own due diligence and valuation work. + +**Whatā€™s Interesting** + +Shopify is one of the few companies that has been able to compete against Amazon and be successful thus far. Amazon is a behemoth of a company and typically companies donā€™t survive if Amazon tries to enter their industry. Shopify is an outlier. + +Shopify also benefits from some interesting tailwinds such as the move for companies to sell direct-to-consumer (DTC), e-commerce, and the creator economy that Iā€™ll now dig into more below. + +**DTC** + +Many companies are skipping the traditional method of selling by going through Amazon, Walmart, or other ā€œmiddlemenā€ and instead relying on Facebook, Google, and other advertising in order to get out in front of customers. Selling directly to consumers has multiple benefits. First, products sold directly to consumers typically have a higher gross margin. Second, companies are able to establish a brand and a direct relationship with customers when going directly to them instead of going through a middleman. + +Companies like Nike, Lululemon, and many other companies (not just clothing companies) are investing in this new revenue line in order to grow profit margins. Shopify ā€œarms the rebelsā€ by enabling companies to establish their own brand instead of simply selling a product on Amazon where consumers might just be comparing the cheapest option. + +**E-Commerce** + +Everyone knows e-commerce is growing and itā€™s not even a majority of the total GMV sold in the world. COVID-19 has accelerated e-commerce by a decade. + +**Creator Economy** + +As more entrepreneurs look to create physical products, digital products, or facilitate transactions online, Shopify will serve as the foundation for many of these people. Whether itā€™s YouTube personalities creating merchandise or people on Twitter creating courses, communities, or gated content, Shopify will help to power many of these transactions. Shopify has the ability to empower these creators and collect a small portion of revenue based on their success. + +**Future Questions** + +* **Valuation?** +Shopify has seen tremendous growth during the COVID-19 pandemic and its stock price has risen above $1,000. More work is needed to understand the long-term potential of Shopify and whether the current price gives investors a fair rate of return over the next 3-5 years. I think Shopify has many potential tailwinds but valuation may be a concern to some investors. +* **10x potential?** +Shopify has a market cap of \~$144bn which makes it one of the largest tech companies. If youā€™re looking for 10x potential like I am, Shopify may not be the best company for you, but I do think it has the potential to grow. Shopify is still growing revenue at a fast rate and there seems to be a long runway of growth ahead of it. +There are only 4 companies that are above $1tn in market cap (Microsoft, Google, Apple, and Amazon). These are the largest companies in the world and itā€™s difficult to say that any company will be above $1tn, but I do think Shopify has this potential if they continue to empower entrepreneurs, small businesses, and all other businesses in the world. + +**Conclusion** + +Shopify is an innovative and interesting company that I believe has a long runway of growth and lots of future potential. Shopify has room to expand into other areas to help empower entrepreneurs and small businesses. + +**Fun Facts** + +Shopify refers to its people and partners as Shopifolk. + +&#x200B; + +If you're reading this, I hope you've enjoyed it! +Source: https://www.dol.gov/sites/dolgov/files/OPA/newsreleases/ui-claims/20201259.pdf + +Initial Jobless Claims: + +Survey: 1,290,000 + +Actual: 1,508,000 + +Prior Week: 1,542,000 + +Prior Week Revised: 1,566,000 + +Continuing Jobless Claims: + +Survey: 19,850,000 + +Actual: 20,544,000 + +Prior Week: 20,929,000 + +Prior Week Revised: 20,606,000 + +Total Jobless claims in the last 13 weeks: 43,574,000 + +EDIT: For comparison sake, the worst weekly jobless claims during the Global Financial Crisis was 665,000, for the week ending on March 27, 2009. This is the 13th consecutive week of new weekly jobless claims being over 1 million. +Don't really know where to begin with this. An old friend, to whom I basically owe my life (pulled me out of a burning car wreck when we were young) has come back into my life. Hasn't paid income taxes in 20 years. Divorced, alcoholic, and in terrible physical condition. He's now sobered up and is trying to get his life going again, and I'm playing the role of "second set of eyes" and accountability partner. He's been self employed all during this time, doing odd jobs, but mostly doing computer repairs. No paper records at all. He qualifies for VA healthcare, so he's making progress there (hadn't seen a doctor in 20 years). He has filed his 2015 1040 and only owed self-employment tax (which he paid) since his AGI was around $6k. I have been searching reddit for advice for people in these circumstances, but I haven't yet run across an example of someone who screwed up for 20 years. + +The plan is to: + +1. Continue with his health care at the VA (morbidly obese, low heart function, low energy, can't basically move much without getting out of breath). + +2. After he recovers from surgery later this month, try to land an online job for customer service or online support (work from home) gig. + +3. Get his wage and earnings transcript and file the back returns. + +4. Work out a plan with the IRS, assuming he isn't in jail at that point. + +There really isn't cash available at this point to hire a tax pro, CPA or attorney, so I'm hoping to get actionable advice from fellow redditors. + +Questions: + +1. Do people go to jail over something like this if they self report? + +2. I have seen advice to file the current return and wait and see what comes in the mail, or to file the past 3 years, or to file the past 7 years. Anyone have any solid advice on what he should do about this? Should he try to file all 20 years? I'm in way over my head here. + +3. I have read about "currently not collectible" status. If someone has f'd up this bad, is this even an option? + +4. He's basically living out of his van at this point, with enough cash to cover his groceries and gas for the next three months. After he recovers from his surgery, would I be some sort of accessory under the law if I let him try to land a work from home job using my home internet connection until he makes enough to afford housing? + +Any serious advice would be greatly appreciated. He knows he has royally screwed up, but I believe he will do everything in his power to fix this. Is the tax part even fixable? + +[edit: line breaks and added: there's no cash available for hiring a pro at this point in time.] +I'm a long time lurker, but I was inspired by [u/PoppaUU](https://www.reddit.com/user/PoppaUU) recent post: **Love/Hate for FI** to share my own story, as like many other people on the forum it does feel that those within a more 'normal' range do not share their experiences/plans to the same degree as higher earners. + +Now I'll certainly admit that my situation as shown below is likely above the stated average of 30-90k from PoppaUU's post of what is considered 'normal' but I still hope those within the more typical income ranges (not \~300K/year; not that i'm disparaging those in this range doing fire: it can just be hard to relate to those posts.) can find something to relate to: + +&#x200B; + +**My situation:** + +I live in a MCOL area. I'm married to a wonderful spouse who is very supportive of the FIRE mentality. We were both frugal ppl to start with so adopting a FIRE mindset has been relatively easy for us. I only officially stated us down the FIRE path about a year and a half ago. + +We have one \~2year old and a 2nd one due in the summer. My spouse works from home a couple days a week for their parents business. I also contribute my time to that business a couple evenings a week after my kid is asleep. I consider this our side hustle atm, though we really see it as in investment as we hope to build the business to a point that it can support all of us. + +&#x200B; + +Income: (Pre tax) + +\-Household base income: $128.6 K/year\*\* + +\-The company has a SPP I take full advantage of this and wait a year before selling. (assuming stock doesn't move in 1 year period this adds \~1.4K) + +==> \~$131k/year total pre-tax + +&#x200B; + +\*\*Note: This is my base pay with 'expected' bonuses, the bonus's the past couple years have outperformed their expected bounds and company stock maturation this will often push this a little bit higher as well. I didn't originally show this as I was hoping to keep the post relatively simple and somewhat vague for privacy reasons. Yet some users rightfully noted the numbers were not adding up. Again, to keep numbers simple I included an additional line item in 'general finances' to capture the influence of these on my effective 'true' income. I recognize this is hand wavy and won't satisfy some, but I don't intend to expand as at that point I'd have to publish my full finances, which I'm not inclined to do. + +&#x200B; + +**General Finances:** + +Without going into too much detail we spend:\~$5,120 a month ($61,500/year) on our bills/needs, hobbies, and mortgage (Monthly breakdown below). + +&#x200B; + +The mortgage (and the additional principle we pay down every month) accounts for nearly half this quantity at $2450. We purchased the house at a great time in the market (2013) but was still at our upper price range at the time. If I was more cognizant of the FIRE mentality when we purchased we likely would have gone for something smaller. (though I do love our neighbors, the schools are great for the area, and the location is also great) + +We have some fluff in the budget for sure (like a pet 'health' plan for our two dogs that I intend to get rid of (1,200/year), and a whole life insurance plan on my wife ($1700 a year), that I'm rethinking) + +&#x200B; + +\~$9k Taxes paid: With tax advantaged investments (see below) and child tax credits + +\~$11K towards health plan, SS, medicare etc. + +&#x200B; + +==> \~$111K/Year true Base income + +==> \~$4K in SPP/RSU/bonus growth + +&#x200B; + +**Investments:** + +$19k max into 401(k) + +$5k Employer match in 40(k) + +$6k max into spouses Trad IRA + +$6k max into my Roth IRA + +\~$22.5k remaining invested through the year in non advantaged accounts + +&#x200B; + +==> $58.5K/year investment + +&#x200B; + +Sorry if all the numbers don't quite add up, I did a fair bit of rounding from my master sheet and didn't double check that the figures here line up + +&#x200B; + +**FI Plan:** + +My current retirement goal is $44k/year at 3.5% CAPE adjusted SWR. This puts my investment goal at \~1.3M. At my present state that puts me \~12years until FI. I'll likely work a bit longer to pay for my kids college education and this will put me around 45 for retirement. This will align with when we have the house paid off as well. + +&#x200B; + +**Debts:** None, other than the mortgage. Cars are paid off + +**Current invested assets** \~$200K + +**Cash on hand** \~$20K (emergency and investment opportunity fund) + +&#x200B; + +**Edit1:** Corrected some of my rounding from my master sheet so the math on here actually works + +**Edit2:** Including monthly expenses due to requests + +&#x200B; + +**Typical Monthly costs:** + +Mortgage: $2450 + +Day care (2x week): $450 + +Groceries: $450 + +Utilities/Internet: $300 + +Life Insurance: $205 + +Home Supplies: $200 + +Gas/Fuel: $130 + +Eating out: $120 + +Pet Insurance: $115 + +Auto Insurance: $100 + +Entertainment: $100 + +Home maintenance: $100 + +Phone: $70 + +Hobbies: $60 + +Health/Fitness: $40 + +Clothing: $30 + +Other/Typical overages: \~$200 +Thanks for reading. + +I'm a 29 year old mother of two boys. I'm full time employed, a private tenant and I pay childcare for one of my children. + +I have multiple high interest loans, which I believe are around the Ā£7000 mark. My income is currently less than my outgoings and I am struggling to the point where I just want to cancel all my repayments through my banking app, but I'm not going to because this situation is as bad as it can get anyway. + +I can't afford repayments anymore. I've just left my relatively good income role and had to take a job which pays Ā£9000 less per annum. My rental costs and childcare will total the exact amount of my wages per month. + +I'm at a loss of what to do. These loans were taken out basically to scrape through during the pandemic and keep a roof over our heads. + +I've looked at getting a consolidation loan but no one will touch me now as my credit score is shot. + +I've been looking into an IVA but I have no idea where to begin. Has anyone had one before and would you recommend this as a route to go down? + +Thank you in advance. + +(ENGLAND) +This was when I decided to make a change and start focusing on actually building up a half decent pension. + +A bit of background; I'd been working at a large grocery retailer making the minimum payments in to the company pension for a few years. +I'd logged on one day and was so disappointed by what I saw I decided I need to be more proactive. + +The first entry in to the spreadsheet was on 01/02/2020 and was Ā£782.74, you can see why I was disappointed. +Fast forward to now and I'm at a better employer (one year in February) and the pension is now Ā£7401.12. + +Sure it's not massive but it's getting much better than what it was. + +I guess the point of this is no matter what your age you can start making a change and it does start adding up. +Galaxia is about to explode!! Galaxy swap is looking better everyday. Galaxia is about to be listed on coin tiger(August 13th), then probit and indoex soon. More staking partners on the way and higher APY across the board. Don't miss the launch! + +Seems like great news is announced everyday, Don't miss this amazing opportunity, you will be glad you found out about this early. The weekly AMAs make feel part of community and confident team is working hard to grow the company/community. + +Galaxia farms are open for business and are generating APY that are higher than average. Farms are expanding weekly and the stable coin pairs are producing outstanding returns. The community is increasing daily and Galaxy Swap is getting busy, huge profits are on the horizon and don't miss this opportunity to get in early. Soon staking for other tokens is about to increase awareness of swap and will lead to big gains of your favorite crypto projects. The time is now to get in and make money, while the world starts to learn about this great community and company. Don't hesitate and lose out. + +https://galaxyswap.net/ +This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome. + +Replies are expected to be constructive and civil. + +Any questions about your *personal* finances belong in /r/PersonalFinance, and career-seekers are encouraged to also visit /r/FinancialCareers. + +It seems that most people got the previous 10 years wrong. Those that predicted the housing crash of 2008 tended to get the collapse in commodities, gold and silver, and the rally in the US stocks, including tech stocks wrong. The boring /r/investing - type investors that trusted the central bankers and the US government surprisingly did very well. + +So, WSB - if you had to make bets for the next 10 years, what would be your predictions and why? I will start, and if you don't have your own ideas you can tell me why mine are completely wrong: + +There will be sovereign debt crises among the worlds' "safest" debtors, including the US government. This will really fuck things up for institutional investors, because suddently the risk-free rate will turn out to have been very risky. +Why: let's take the US as an example. People have been lending money to the US government at very low rates for 10 years and longer. The US now pays the same amount in interest as in 1980 - for whatever reason people have been OK to lend money to the US government at lower and lower rates despite the US racking up more and more debt instead of repaying it. If the rates go up, the US cannot even pay the interest on the debt - that will freak out the investors and cause the interest rates to go much, much higher, uncontrollably. The only people willing to lend the US money at low rates would be the Federal Reserve. That will lead to the US defaulting on a part of their debt through inflation, destroying much of the value of the USD. This will also make investors worry about other sovereign debt - in Europe, Japan and elsewhere - causing similar problems there as well. + +The biggest wildcard is how China will be affected - whether they will let their currency get much stronger relative to the USD (good for China) or not. If relative valuations of currencies stay approx. the same as now, stock indices around the world will not be too much affected in real terms, apart from some short-term shocks, but gold will benefit hugely as governments will rush to exchange their devaluing foreign currency holdings into gold. If China allows its currency to appreciate, then US companies will really suffer (along with US consumers) and US stocks will tank. In fact, stocks around the world will experience a massive shock, but Chinese stocks should come out as the big winner as their companies reorient towards the domestic market. + +Bitcoin may do well in the interim as well in case the first-world experiences hyperinflation, and people start actually using bitcoin at the grassroots. But I see a very slim chance of governments around the world letting that happen for long. But there is a slim chance that even though bitcoin is in a bubble right now (people only buying it to sell to the greater fool, not to use it), it may transition out of a bubble without the prices dropping as people actually start using it for day-to-day transactions. + +Banks - the conventional wisdom is that rising long-term rates are good for banks. Banks borrow short-term and lend long-term. Short term rates going up are bad for banks, long-term rates going up are good for banks. Currently the spread is uncharacteristically small, which is bad for banks. The assumption is that as the spread increases with the rising rates, banks benefit because the long-term loans they make are adjustable-rate. I think the conventional wisdom will turn out to be wrong, because if long-term rates go up significantly people (who have no savings, plenty of debts and are living paycheck-to-paycheck if they are lucky to have a full-time job) will no longer be able to pay off their long-term debts like mortgages, leading to widespread defaults and losses for banks. So the markets may be too optimistic on banks in a rising-rate environment and in the next 10 years, it may be a good idea to short banks relative to the market. In the inflation scenario I described in point 1 you get people effectively defaulting on their loans through inflation, so that's bad for banks as well. This is a tough trade though, because banks will go up all the way until something gives - either the governments can't pay their debts, or the general public. Gold, however, doesn't have much lower to go, everyone already hates it (even WSB), making it a safer trade than shorting banks. +I don't see any way in which this scenario doesn't play out, and I would be really surprised if it doesn't play out in the next 10 years. +RobinhoodĀ said on Thursday in an amended filing that existing shareholders will sell up 97.9 million shares over time. The news knocked shares of the trading app that have surged this week. + +The commission-free broker will not receive any of the proceeds from the stock sale of 97,876,033Ā shares of its Class A common stock. The offering is through an automatic conversion of certain convertible notes held by the selling stockholders in connection with its initial public offering. + +The stockholders were among those that came to Robinboodā€™s rescueĀ during the historic trading mania earlier this year. Faced with unprecedented volatility and increased deposit requirements, the broker was forced to tap credit lines and raised new debt to ensure it has enough cash to clear trades. It also briefly restricted trading in a number of short-squeeze names. + +These selling shareholders include a number of venture capital firms that invested in Robinhood early on. For instance,Ā New Enterprise Associates, which owns more than 10% of Robinhood shares, is among the list of sellers in this offering. Andreessen Horowitz, ICONIQ Capital, Institutional Venture Partners and Ribbit Capital were also among the selling stockholders. + +Source: +https://www.cnbc.com/2021/08/05/robinhood-shares-fall-as-stockholders-file-to-sell-up-to-97point9-million-shares-over-time.html +I legit canā€™t afford anything and all I think about how easy my life would be if I just had 5k to my name. I donā€™t get any government assistance because apparently I make too muchā€¦ which is bs because Iā€™m barely scraping by. Iā€™m honestly so exhausted and doesnā€™t help Iā€™m currently grieving over my mother passing. I work all the time but itā€™s not a enough. I donā€™t have a car so getting around is so hardā€¦ I just wished someone would just help me out once. I wished I came from well off parentsā€¦ + + +Thanks everyone who replied. I honestly wasnā€™t expecting a response. Im 23 years old and I was kinda thrown into life after my mom passed away. We helped another out and she was my best friend. Now Iā€™m scrambling to find an place to live on top of finding a car. I know things were expensive which is why my mom and I always went half on everything. Now itā€™s just me. I work hard but my hours have been cut due to the slow season. Sometimes Iā€™m so depressed and stressed out I canā€™t talk. I know one day I wonā€™t be here and Iā€™ll be comfortable. Which is what I want. I want to be comfortable. I want to come home and be like ā€œyeah this is okay. Im happy hereā€ as of right now I donā€™t feel like. I been hit with new challenges left and right which put a big total on my pocketsā€¦.This post was made quickly out of wanting to get out my head. Thank you. For just listeningā€¦. +Hey guys, + +I think the market is leveraged to the tits. Look at this chart of margin debt (the debt traders take on when they buy on margin): + +[Slight decrease for July. Is this the top?](https://preview.redd.it/ie8yvk4z98k71.png?width=1058&format=png&auto=webp&s=2a971aa35489ebba11b09d1f60d523deed5f111a) + +Margin debt is insanely high and correlates super strongly with the S&P500. + +If my limited brain is correct this would mean that we're in an epic debt bubble. + +July 2021 was the first time margin debt decreased since March 2020. + +Typically this is bearish indicator. We could quickly get into a vicious cycle of market drops > margin calls > liquidations > more and more drops and so on. Look at all the leverage in the market dudes. It's crazy. + +Or am I crazy? + +I'm just a noob so please, if somebody who knows more about this, enlighten my smooth monkey brain. + +Here's a link to an article with more complicated words [https://fortune.com/2021/08/24/stocks-margin-debt-decline-bear-market-indicator/](https://fortune.com/2021/08/24/stocks-margin-debt-decline-bear-market-indicator/) + +Thanks guys. + +&#x200B; + +UPDATE 9/20: I was wrong, although the market is in trouble rn. But margin debt is not a leading indicator. I'll keep learning and improving my understanding. Thanks for the interaction and for improving my understanding guys. [https://www.marketwatch.com/story/margin-debt-is-shrinking-so-will-the-bull-market-morph-into-a-bear-11629406622](https://www.marketwatch.com/story/margin-debt-is-shrinking-so-will-the-bull-market-morph-into-a-bear-11629406622) +According to credit savvy I have had the top rating ā€˜excellentā€™ credit score for 7+ years now. I just missed one small monthly credit card repayment for the first time in all these years due to an admin error on my behalf and my score crashed to two whole tiers to below average. + +I took pride in my credit score but this just goes to show itā€™s all a bit of BS. I have a near perfect history of servicing hundreds of thousands dollars of credit card/mortgage debt and I miss one $35 monthly payment and my credit score tanks. + +Iā€™m sure my score will revert to normal for me soon enough but I see a lot of people posting on here worrying about their score and I just wanted to share my story to show how fickle it all is and hope those worried donā€™t stress too much if your score takes a hit, itā€™s no big deal. +There are some tax rules that everyone can apply to save money on tax. Things like being able to deduct $300 p.a. (or some other amount, I can't remember) on washing work uniforms without having to provide evidence. What other good tax rules/loopholes for the common person can you share? +EDIT: Matt Miller just tweeted this!: Anyone know how to get in touch with Jason King or @SeansOutpost? We want to run a segment tomorrow, collecting #bitcoin for the cause + +[Blockchain confirmation](https://blockchain.info/address/1GkBw2o1ZeqsrbtVNbuBiqfoWd95Q2s6Ku) + +If you haven't heard, I "stole" a bit of bitcoin from Matt Miller's gift bitcoin certificate when a co-host on the segment he was on, ironically called "Street Smart", showed the private key of his bitcoin paper wallet. I took it because I knew that if I didn't someone else would. I let Matt know that I would return the amount to a new address but he just let me keep it and congratulated me for a job well done. + + I still wanted to send it back on live tv to show how fast Bitcoin is and to have a chance for others to send Bitcoin to a public key that Matt would then send to Seans Outpost. I don't think Matt will be doing this on national tv so I decided to just send the amount to Seans Outpost myself. + +Would have been nice to show not only the speed of bitcoin transactions on live national tv but also the generosity of the Bitcoin community. Nevertheless, I do applaud Matt for explaining the need for security when dealing with bitcoin private keys and acknowledging that I said I would send the money back, even if the news articles are portraying me as a "thief", "hacker" and "mugger". Let's hope they update their articles to include the donation to Seans Outpost! +So Iā€™ve been wanting to start investing for my kids and started a custodial account on Fidelity. I remember when I was a kid I use to get savings bonds and cashed them in when I got older. My question is whatā€™s the best way to invest for my children theyā€™re 10,13,15 and 17 thanks for any info +Looking at building a brand new kitchen (first real kitchen) and we love to cook. What things did you learn from building your high end kitchen? + +Trying to understand if it's worth splurging on a Wolf / Lacornue or if Ilves is enough, or maybe even less fancy? + +Same thing for other appliances. Is a sub zero fridge really worth it? Or is it just a fancy brand to make you feel good about your status. + +Cabinets are also an interesting thing here in the US. Are custom cabinets really that much better to justify a 40k difference? +In my late 30s now. $2.8 MM net worth, which doesnā€™t include my vested - and government insured - pension from my current employer (oil &amp; gas major). Assuming I can work another 5 years at the same company, my mentality is that I will be set from age 60+ between the pension, 401k, and eventually SS. So the NW is really about bridging the gap between early retirement and age 60? Am I being too optimistic? + +Edit: assuming my expenses are $120k a year in retirement + +Assuming the pension will provide ~$75k a year for life (from age 60+). Estimating the exact amount is tough + +Edit: thank you for the very helpful feedback! Really appreciate it. +I have gotten a notice from the IRS stating that I had mis-filed my 2017 taxes and they state that I now owe $6,400 to them for that year. + +&#x200B; + +I remember where I was working at that time, but it has since closed down and the person who was the boss at the time has no recollection of where the tax information may be for me. + +&#x200B; + +I do not think I even made much over 15k that year so I am shocked that I owe over 6k according to them! + +&#x200B; + +I have gotten an extension for it until early November, but I am completely unsure what to do. + +&#x200B; + +What should I do here guys? I certainly do not have the funds to pay that. +Ticker: ABML + +From leaked video of last week's Wall Street Conference (17:45 mark), CTO of ABTC Ryan Melsert: + +"... we needed someone to make full battery cells, to work with us in this project. + +And we went to one of the inventors of the lithium ion battery itself, Stan Whittingham, who just won a nobel prize in physics last year, and we said 'will you partner with us to help make new types of batteries from our recycled materials?' And he agreed to it. + +And the three of (including BASF) submitted this application last summer and will announcing the results of that application soon." + +Presentation where this was stated and additional information on BASF connections can be viewed below: + +[Presentation ](https://www.youtube.com/watch?v=xWQ0QML24DU) + +Quote Transcript Credit: u/Electronic-Ad5067 +It honestly tickles me. These dumb mother fuckers actually think that some weak-ass forum sliding or "brigading" FUD is going to weaken diamond hands. Truly hilarious. + +This sub could be deleted, gone, poof, and it wouldn't change a goddamn thing. I've been in the trenches with you absolute savages for months now, and as much as the daily confirmation bias helps, I know for a fact that if we all lost contact with every damn thing but the ticker and our brokerage accounts, this shit would STILL be an infinity squeeze. + +I used to get mad when I'd see these garbage attempts at division. But no more. I know we're all on the same page, and not a goddamn thing they can do will stave off what's coming. The greatest wealth redistribution in history. The changing of the financial guard. And even after this horrible crash, a better world, with newly-rich apes at the helm. + +Remain diligent. Keep up the good DD and hilarious memes. But if all goes to shit, don't forget the tenets that have been drilled into you in the past months. You don't need anyone but your damn self to make this monumental change happen. All us other apes will be holding alongside you. + +šŸ™ŒšŸ’ŽšŸš€ā¤ +Edit: Proof/Pics at bottom,,, they 100% tested turning off HFT/ Lowering liquidity. Check last image for proof. It looks like they are seeing what would happen if MMs just didn't exist for a couple hours. tell me what you see. + +Edit 2: if you want to check me and are on fidelity. go to your $spy 5 /10 /15/30 min chart and then hover the candle, check close go to the right one candle check open repeat( from 12 Est - 2 EST). you will see gap. Their system visually closes the gaps intra day. + +Soooo I've traded spy for about 3 years successfully. Not financial advice, but the chart today has changed.... I in 3 years have never seen a gap intra-day... Today... this thing wont stop gapping. + +TLDR of TLDR; The market looks like crash coming and market makers are getting out of the way. + +(This has to do with GME if you have a clue about the ripple about to happen across the market) + +&#x200B; + +&#x200B; + +[5 min chart ](https://preview.redd.it/8kvgyl0r3cx61.png?width=795&format=png&auto=webp&s=aae05177831be937b108ced9cf390bf8b3186c43) + +&#x200B; + +[30min chart](https://preview.redd.it/owy3eyps3cx61.png?width=819&format=png&auto=webp&s=c3714a6e18e4df58584cde6c19ee58d0fbc37ce4) + +&#x200B; + +[Proof 5 min](https://preview.redd.it/msir18gqfcx61.png?width=837&format=png&auto=webp&s=76f7afbb07b9204c7bc9a0e3138a04ca8d762f4b) + +[Proof 30 min-Interesting right \( Huge green candle on 0 volume leading into test... just in case it dumped they have time to turn on H\/F again ?\)](https://preview.redd.it/eal87x3qqcx61.png?width=737&format=png&auto=webp&s=44eebe3e510d297702b4825bfe4db50464cfa0f6) + +&#x200B; + +&#x200B; + +TLDR; IMO it looks like some market makers have been.... pulling back liquidity..... There is hardly any fractional shares after 12pm est.... aka... they are lowering risk so they can drop this rock of a market. and then get back in low +I have an \~$8k account that I day trade with, but I'm quickly realizing that it's too small to make meaningful gains trading shares and will take way too long. My idea is to day trade 30-45 DTE options with a 51-80 delta. Could this idea serve as a temporary substitute until I build enough capital to trade shares? I tried googling but couldn't find anyone talking about doing this. + +&#x200B; + +**Potential pros:** + +* Being ITM means IV and theta affect me less (my goal is to have my trades win based mainly on technical analysis or price direction, and I don't want to lose a trade due to IV or theta even though I was right directionally). +* Shares have a 100 delta, so the 49-20 delta difference between shares and ITM will provide some nice leverage +* 30-45 DTE helps with mitigating theta risk too (but not sure if lower DTE would be better?) +* 1 ITM contract is cheaper than 100 shares + +&#x200B; + +**Potential cons:** + +* That same 49-20 delta difference can turn breakeven or small winning trades into losers +* Not sure if bid-ask spreads are shitty for ITM options - can cause meaningful slippage + +&#x200B; + +Please let me know your thoughts and if I'm an idiot for considering this! +Hello, here an Algo trader hobbyist + +My new paper is out: [https://arxiv.org/pdf/2208.09399.pdf](https://arxiv.org/pdf/2208.09399.pdf), ' Diffusion-based Time Series Imputation and Forecasting with Structured State Space Models ', have a look, and our new model forecasting skills might be useful. I'm actually looking for a review of my repo: [https://github.com/AI4HealthUOL/SSSD](https://github.com/AI4HealthUOL/SSSD). + +I will appreciate if someone could tell me what to include/change there to improve, thank you +I'm a recently graduated engineer, I want to get started on my own trading algorithms but I don't know where to start. + +I know a small amount of programming from college, and I've been reading Oracle's Really Big Index for two weeks now - https://docs.oracle.com/javase/tutorial/reallybigindex.html - to learn an OOP. + +I am trying to use Etrade's API, and I'm still trying to figure out what a RESTful architecture is. + +What's the best and fastest way to start messing around in the sandbox? +Hey robogamblers, hope you are doing great! + +I have a question to those who have algorithms placing large orders, as much as $100k+, especially in crypto. + +I'm afraid scaling to these amounts might break my strategy, not from price slippage, but from the volume I might be creating. +I'm concerned about those people who trade by the order book, might my big buy orders drive them to sell, potentially ruining my entry and changing the market direction my statistics were looking for? +Has this happend to anyone before after scaling to larger orders? +Or will I just contribute to "pump" a little? + +Sorry about such a vague question, and thanks in advance. +Have a great week! + +EDIT: I forgot to mention that I'm trading large cap and volume coin pairs, like BTC ETH BNB.. +Hi guys, allow me to share my story. + +I'm 37. Asian male. Single. Ex-SWE + +During the peak of the 2021, I became a millionaire. I went all in with my 300k on TSLA in beginning of 2020, and it ended up shoot up to 1.5mil at the peak. Overnight, I became a millionaire without doing much other than clicking a few things in my browser. That gave me confidence. That gave me thinking that I am the shit. I quit my job since I actually never liked SWE, and said I'm gonna do my on thing. I started dabbling in C and put majority of my winnings there. + +Then it dropped by 60% during the recent crashes. I still had around 400k in C, and I basically stopped trading at a point and put all of that into USDC. Only that it was all in FTX and now I can't draw them out. + +I don't know what's gonna happen, but right now I'm sitting at 10k liquid in my bank. I thought I was a confidence millionaire, and all the sudden things went upside down. + +This is scary. All the sudden, things just went to 0. Everything I had worked for suddenly came crumbling down. + +So I went from being a confident millionaire to a terrified crybaby. I don't know what's gonna happen, but this is where I am now. + +Everything -- gone, just like that. + +I wanna say im fine, but its slowly settling in on me. + +But someone dawned on me. A realization. An epiphany. + +The way I had been going with my life is entirely backwards. I viewed money as important, but in the end it isn't. When I became a millionaire, I thought it'd be world changing. It isn't. I wasn't any different, but having the lottery money gave me some confidence, and I ran with it. But now, gone with the crashes of 2022. I'm now jobless, savingless, and the prospects for finding a SWE job seems daunting amongst layoffs. + +It just showed me how wrong I've been living life. Completely backwards. I never liked SWE and just did it for the money. With that money I invested into stocks and C, and did well. With that money, I upgrade my life, my tastes, etc. But deep down I wasn't happy nor fulfilled. + +This all made me realize that I've been building my life on sand, and it's all been an illusion. Money, better life, upgrades, all these external things are just an illusion. Why was I chasing after all these? How did I end up in this mess? + +And, for the first time in a long time, I prayed. Surrendering myself, and prayed. + +And strangely enough, I don't feel so bad anymore. + +All these external things -- chasing after money, luxury, materialism -- really don't mean much anymore. These are the wrong metrics to evaluate my life. And letting these go, freed me from the weight of thinking about them. + +From now, the metric I go by is how much I am helping others with my heart and skills. Doing this really makes me feel fulfilled. + +I have recently been dabbling with creators, and I completed a writing cohort and I've been helping out here and there. I feel very alive and fulfilled doing so. + +So now I want to measure myself by how much I am helping others, building the **social credit or goodwill**, as the currency. I am going to give more than I take. I'm letting go of the obsession w/ money, and instead of focusing on helping ppl with my unique talents. + +I am not scared of my future, because I know this new path is a more fulfilling one to embark on. + +\--- + +If you are impacted by these market meltdowns, i hope this message finds you and may be of help for you. These are true tests to see who you really are + +&#x200B; + +=== + +Update 1 --a) I'm getting a lot of DMs from ppl who reached out and gave me a lot of supportive and positivity. I am truly grateful for you guys in times like this. My faith in humanity is truly restored. 1 redditor actually took me out in NYC and bought me dinner. Thank You. + +b) as much as how bad this event is, I'm actually am ok. I do have some savings left to keep me afloat for while, and I have family and friends who can support me in different ways. Also, I am actually working a side project that I am very passionate about -- have been working on it for a few months, and it definitely takes my mind off of all this craziness. This just showed me that working on what i'm passionate about and trying to build a biz out of it is more fulfilling, and all the degen speculations don't mean much to me. + +c) What's done is done, theres no point in ruminating about it so all we can do is to move on. Of course getting swept by these tsunami sucks, and it's really out of my control and I dont know how the future is going to play out. So I'm just gonna completely move on and focus on my project. + +d) in times like this, we all can be better and support each other. Some of you redditors gave me support + positivity that I couldn't get in real life, so thank you. + +e) SBF and these crooks destroyed our trust and faith in humanity, But lets not let that define us. Let's restore faith in humanity together and make a comeback together. + +f) I admit i suck at all these trading/investing/speculating things -- it's too complicated and I don't have the passion to study/master it like some the guys here in WSB. So admit I got lucky w/ TSLA and am retarded w/ how I am managing my portfolio. Better to work on things I care about and can get gud at. + +\--- + +Update 2: If anyone cares, I'm going to write about my exp w/ FTX and how I am dealing with it. If you are interested, you can follow my [newsletter here](https://theworthypath.substack.com/) where i'm writing about my explorations +As many of you probably know, Josh Wise will be racing in Talladega with a Dogecoin livery in early May. This will be excellent publicity for Dogecoin, but also for Bitcoin (I'm sure the origins of Dogecoin will be brought up on several occasions). + +However, there is an additional opportunity for Josh Wise - the NASCAR 2014 Sprint Cup on May 17th. One driver gets to attend not on racing merit, but on fan votes. Usually, one of the more popular drivers wins the vote (Danica Patrick, for example), but if an unknown driver like Josh Wise wins the vote, it will invariably be talked about. How the vote was won will come up, and Dogecoin/Bitcoin will be brought up once again. + +So, your chance to help is here: http://www.nascar.com/SprintFanVote + +You can vote up to 50 times per day. + +*Disclaimer: Approximately 0.5% of my digital currency portfolio is invested in Dogecoin.* +When the rule of thumb in /r/Economics on the sidebar gets changed without any notice from "upvote what you like, downvote what you don't" to "This is not /r/politics," it makes things confused. + +Also, there are all sorts of new mods, most of whom I'd never heard of, save for drivefaster's [rant](http://www.reddit.com/r/Economics/comments/eqs8t/fuck_reconomics_i_want_a_place_for_real_economics/) about too much "politics" being in /r/Economics, along with a cosign by stingystooge saying what [he didn't think economics was](http://i.imgur.com/puZFt.jpg). Both of these two were only marginally involved in the community before becoming mods. + +Mods, please let us know what is and is not "economics." Is monetary policy "economics" or "politics?" Is fiscal policy "economics" or "politics?" Is individual decision making "economics?" How is the Sherman Antitrust Act "economics" but it isn't "politics?" Because we don't have any clear definition what is and isn't permissible anymore. + +Thanks! +EDIT: **THE POLL IS NOW CLOSED** + +## **[Take our survey!](https://docs.google.com/forms/d/1dMyEr0Kb28eK_Yd12cq2m_oDidVQkcfNWSyB14R3oaY/viewform)** + +Another year has ended and we wanted to share what we've been doing as mods this year and get a gauge on what we should be doing next year! Please share your thoughts through [our new survey](https://docs.google.com/forms/d/1dMyEr0Kb28eK_Yd12cq2m_oDidVQkcfNWSyB14R3oaY/viewform) or in comments below! + +--- + +### What we've done this year + +Apart from typical mod duties of policing the subreddit rules as best we can - removing off-topic submissions, personal attacks, and editorialized headlines - we've introduced a number of new features. + +1. **Article of the Week** - each month we post a call for papers. One of these papers is stickied for each week of the month. We haven't gotten the level of discussion we'd hoped for, but I feel this has been a success because it has carved out a little space for discussion of practitioner level research. + +2. **Journal Day** - once a quarter [the subreddit only allows research articles and papers](http://www.reddit.com/r/Economics/comments/2m5eos/journal_day/), all other submissions are removed and our friendly automod leaves a comment encouraging resubmission tomorrow. We get a lot of journal submissions on these days, and it makes space for high level discussion. While the comment count is way down, we hope the level of learning is way up! + +3. **Flaired users** - users who demonstrate a working knowledge of economics at a masters level can [apply for flair](http://www.reddit.com/r/Economics/comments/2h6uiu/call_for_flair_round_2/). Flair indicates a solid level of knowledge of economics generally. We feel this has been successful - we have flaired relatively few users, but I believe flaired users have genuinely improved discourse on the sub. + +4. **Bots** - we have two bots, /u/central_bank_bot and /u/shares_rss that automatically submit some neutral non-political economic content. Sometimes they've flooded the sub and we're trying to fix that, but generally they seem to be helping add solidly economic content without pushing out other submissions. + +5. **Look and feel** - the subreddit used to have the default look and feel, with just a smattering of CSS. When we wanted to change it, several mods and volunteers jumped in and redesigned the sub to mimic the [NBER theme](http://www.nber.org/). I think the sub looks much nicer now! + +I wanted to specifically call out /u/besttrousers, /u/mberre, and /u/fittyakaferrari for coming up with and implementing these features. If you think the sub has improved since last year, be sure to thank them! +^^^^I ^^^^tried ^^^^to ^^^^find ^^^^a ^^^^link ^^^^to ^^^^the ^^^^sub ^^^^from ^^^^~18 ^^^^months ^^^^ago, ^^^^but ^^^^was ^^^^unsuccessful. + +--- + +### Feedback requested + +We'd like to get your thoughts on the subreddit - what do you think about moderation, submissions, comments? What do you think about the changes we implemented this year - should they be left alone, tweaked, or scrapped all together? What do you think about what we're doing and what should we be doing? + +* Please share your thoughts in comments below. We got a great response at [last year's state-of-the-sub](http://www.reddit.com/r/Economics/comments/1p6wpl/state_of_the_subreddit_lets_us_know_what_you_think) post and the feedback was helpful. + +* [We've put together a survey](https://docs.google.com/forms/d/1dMyEr0Kb28eK_Yd12cq2m_oDidVQkcfNWSyB14R3oaY/viewform) to ask some of this information as well as some fun information on demographics, education and training, and ideology. + +We'll sticky this self post for a week and share results of the survey. Also, look for best of /r/economics 2014 post soon, [like this one last year](http://www.reddit.com/r/Economics/comments/1tjv94/best_of_reconomics_2013/). + +--- + +### Please Help! + +If you're interested in improving the sub, there are a few things that would be very helpful: + +1. Be the change you want to see by submitting articles/comments that fit the quality and type you'd like to see. If you like research articles, submit those you're familiar with, leave a comment summarizing/explaining, engage in the Article of the Week thread, journal day, and the like! + +2. Report comments/posts that violate the subreddit rules. Adding a brief explanation in the "other" report field is very helpful, as is modmailing us, though not necessary. + +3. Feedback helps us, we do discuss comments and feedback, so please feel free to comment here, in the survey, modmail us, whatever. +I have taken basic economics in university and have never got a straight answer from an economist. In a finite world, how can a system that relies upon exponential economic growth sustain itself over the short term. Where is the continued increase in demand for energy and non-renewable resources going to come from? + +Also, if our current economic model is flawed, does anyone have a thought on an alternative model that would work and be easy to transition to? +This was posted in /r/financialindependence but I thought it also needed to be here. + +My favorite one is number 13: + +The single largest expense you'll pay in life is interest. You'll spend more money on interest than food, vacations, cars, school, clothes, dinners out, and all forms of entertainment. You do this because you don't save enough and demand a lifestyle you can't actually afford. The future owns your income. + +edit: oops forgot the link. Here it is: http://www.fool.com/investing/general/2014/02/10/77-reasons-youre-awful-at-managing-money.aspx + +..and I feel like Iā€™ve echo chambered myself into feeling like I discovered the greatest monetary ā€œsecretā€ in the world. + +Can someone suggest any contrarian ideas? Any educated articles, books or people who have legitimate arguments about how Bitcoin could be disrupted. How another idea could usurp before BTC even reaches maturity? + +I need to stay rational because Iā€™ve entered a state of euphoria thatā€™s clouding my judgment. +We've had this debate for years, and it's cropping up again. I think we need to nip this in the bud now. + +If you increase the blocksize then you will decrease fees, thus making it easier for Veriblock and Coinbase to spam the network and never bother to optimise their platforms. When VeriBlock temporarily paused their system, confirmed on-chain transactions dropped from [\~325,000/day to \~225,000/day.](https://www.blockchain.com/charts/n-transactions) That should give you a sense as to just how much spam is being caused by low fees. + +If we go to 2MB, those companies will fill blocks up again. Fees will rise to the exact same level in a short period. Now you've got the same situation as before, except a whole lot of full node operators can't keep up with the bandwidth so turn their nodes off. Blocks will propagate through the network slower, centralising mining and providing an unfair advantage to the previous block winner. + +The final point, which really should shut this whole discussion down, is that **we've already been through this. Bcash exists.** It had the same code base as bitcoin at the time of the split. If that's how you think Bitcoin should operate, then just use bcash and be done with it. LN can be built on top of bcash, it's just barely anyone wants to develop for it because overwhelmingly technical people understand why raising the blocksize is a bad idea. + +If you're right, bcash will overtake Bitcoin and you can tell everyone I told you so. But you're not going to convince us to change the block size. + +And for the love of Christ, if you're a non-technical investor, maybe consider a little humility before insulting the Core devs and demanding a solution you know nothing about to a problem which doesn't exist. +To hedge your portfolio? +What are the best option strategies right now? +Iā€™m selling covered calls (unrealistic strike prices) so the premiums are quite low. And selling some puts on stocks Iā€™d like to hold. +Was thinking on buying SQQQ or just short QQQ, but I think itā€™s too risky. +What do you hedge your portfolio? +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. +Pre- split, you can sell a weekly 10 - 12 delta strange and get 700 to 800 premium....after split, I am getting barely 450 to 500, assuming selling 3 contracts. Same happened to Google and amzn.... These two are not worth trading post split. Feel like the gravy train is still running but coming to an end. +I am thinking of allocating a large amount of capital to the wheel strategy/weekly far OTM covered calls (with mostly SPY and a select few blue chip stocks), and using ONLY the premium from that week to trade speculative call and put options. If I win, I use the profits to accumulate more shares to build another 100 share position to feed the theta gang machine. If I lose, I only lose out on the premium for that week and I live on. I plan to never sell shares unless assigned, and it will always be OTM above my cost basis. I understand this isnā€™t a insta win strategy and there are obvious downsides involved, but Iā€™m curious if anyone has ever experimented with this kind of strategy. +Hi all, + +Firstly, thanks for having such a great community. It's pretty daunting as a newbie, as just *so much* to learn. I'm not complaining though! + +I also want to say thanks to [u/ScottishTrader](https://www.reddit.com/u/ScottishTrader/) for a great post on the wheel ([The Wheel (aka Triple Income explained)](https://www.reddit.com/r/options/comments/a36k4j/the_wheel_aka_triple_income_strategy_explained/)), which really got me thinking about what my future could hold, as I'd just lost my job. I also want to say thank to [u/lama\_in\_my\_room](https://www.reddit.com/u/lama_in_my_room/) for sharing the watch list of stocks ([Watchlist of 80 stocks for selling puts / wheeling](https://www.reddit.com/r/thetagang/comments/icqysb/watchlist_of_80_stocks_for_selling_puts_wheeling/)) which was a great starting point about what makes a suitable stock for a CSP (and I don't mind admitting that I'll keep on using that list too :) ). + +So after plenty of reading, I'm keen to get experienced feedback on what I feel my daily routine would be. Typing this out has certainly helped me shape my thoughts upon what my daily CSP journey could look like. + +I'm also hoping that this thread will in some small way support other newbies in deciding to take the plunge, given that I've learnt so much from this sub. + +For starters (and this won't come as a surprise to you), my strategy is $100,000 account, max trade size 5% of account and max stock value $50 (increasing appropriately as max trade size value increases due to hopefully increased portfolio value), with 50% of account kept for opportunities. + +**My draft thoughts on a daily routine goes as follows** (suffice to say, updating my tracking spreadsheet every step of the way, and starting with a big mug of coffee): + +# Review open positions + +1. For existing CSP where =>50% profit has been achieved, close. +2. For those at 21 DTE, review profit level and as long as BE achieved, close. +3. If any CSP strike price challenged, review chart to look for a trend, and either roll as required (if trend downwards), or if premium can't be achieved by rolling/price steady-ish/stock price has gone below strike price, prepare to be assigned stock. Do not close early with adverse cost impact, simply to get out of the position. +4. If any stock has been assigned, review chart to establish if it's an 'up' day, identify any trend and ADX indicator, then look at option chain to place CC =>BE (conditional CC if choosing a strike below BE), or just sell if BE has been met. +5. If assigned stock is unstable, review charts and wait for it to stabilise. Upon stabilisation (from review of charts and analyst sentiment), commence selling CSP to reduce BE and keep fingers crossed for stock improvement (apply typical process). **\[I'm keen to identify other indicators of stabilisation, so please share :)\]**. +6. For any existing CC, review just to keep informed of position 'health'. + +# Selling new CSP + +1. Check availability of funds for selling CSP, ensuring 50% of account left free. +2. Prioritising stock with CSP closed that day for =>50% profit, review all stocks on watch list for positive analyst rating and valued between $10 and $50, and the ER and dividend date. Discount those with ER and dividend within 30-45 days. +3. For those stocks identified as from the watch list review, check industry sectors against existing CSP. Have no more than two CSP in any one sector. +4. For those stocks which remain, look at chart for current stability (doji, trends, position in relation to SMA50, ADX). If there's recent doji behaviour, a downward trend, price is +/- 10 of SMA50 and ADX indicating negative behaviour, then don't select stock. +5. Review 30-45 DTE options chains for stocks identified above, and choose desired premium between 20-30 Delta, at whichever DTE offers highest % ROI. + +# Strategy and personal development + +1. Check new posts on [r/thetagang](https://www.reddit.com/r/thetagang/) for community updates. +2. Review [thetagang.com](https://thetagang.com/) for recent CSPs sold, for further personal development and potentially new stocks to review, to add to watch list. + +# Monthly account review + +1. Review watch list for profitability, cashflow, institution and insider ownership percentages. Remove from watch list if fundamentals declining, but add to 'archive' watch list for quarterly review. + +**My newbie questions** + +Soooo many questions, but these are a few for starters. I've read lots, with so much more left to read and I recognise I have *plenty* left to learn. At this stage in my learning, I would really benefit from the opportunity of asking some stupid questions. So here goes (please, be gentle!) + +1. Should I look to sell CSP on a market 'down' day, for increased premium which may not actually reflect the overall positive health of the stock? Or is this already factored in to the premium? +2. When reviewing my watch list, are there any particular chart indicators I should be looking for prior to considering if I should sell a CSP? Or purely focus upon 20-30 delta at my desired DTE, and IV? +3. Speaking of which, what do you consider as high IV, as a threshold to selling a CSP? +4. Is step 4 in 'Selling new CSP', overkill - should I just focus upon IV and Delta? +5. When considering closing a CSP, are there additional indicators to =>50% profit and/or 21 DTE which it would be beneficial to consider? +6. Regarding a challenged strike price, at what sort of percentage away do you tend to consider rolling? +7. If I'm honest, I'm keeping 50% of my account aside for opportunities, simply because it's recommended in a few threads I've read. But what *are* these opportunities I should be looking out for? +8. Which broker would be considered 'best' for a newbie, who is looking to have a very active account using the strategy I describe above? I'm currently paper trading with IBKR (TWS), though tempted by tastyworks due to what appears more of a focus upon options, and their educational content. It feels like the right level of hand holding for me as a newbie, but I know there's more to it than that, though pricing structure seems pretty good too. That said, IBKR seems pretty powerful and I'm familiar with TWS (but am I really going to use all that functionality...) + +Thanks for reading, and I'm looking forward to the feedback (which will no doubt include "You still have plenty of reading and learning to do!" +*crossposting from WSB since this post is primarily about how selling options is propping up the hedge funds* + +TL;DR: Sell covered calls to lock in your GME gains, don't be a dumbass. If everyone KNOWS what's going to happen, then the guys paying $20,000 a year for a bloomberg terminal will get there first. I know you will already downvote and move on due to how many words are below so here's some rockets to keep your attention šŸš€šŸš€šŸš€šŸš€ + +Alright, listen up dumbasses. This subreddit has turned to absolute shit in the past couple of weeks and all 5 million of you new members need a lesson in how hedge funds work. Not here to say $GME can't rocket further as retail investors keep piling on, but the "GuArAnTeEd ShOrT SqUeEzE" and "Make them pay OUR price!!" is some of the dumbest shit I've heard in my life. If you didn't get in and out at the beginning of the week and don't sell on the next big pop, you're fukt. Eventually we will run out of retail investors pumping the stock. + +Ever noticed the first part of hedge fund? These guys seek to maximize returns while minimizing risk. Their GME positions will all be hedged one way or another. Maybe they bought calls when this went on its way up. I personally believe that they have been selling cash secured puts to meet the interest requirements while they wait for the bubble to pop. You guys have been pushing IV so high, that even Gamestop $1p a year out will get you something like a guaranteed 25%. The stock shooting up to $300, $400 a share is everyone pricing in the short squeeze. As the funds continue using this upward momentum to hedge their losses (or even make money if their short position wasn't large), we'll run out of retail investors and everyone will make an exit for the door. + +This is a casino, not an investing community, or leftist radical movement. You guys have no idea what you're talking about thinking you're taking down the big hedge funds. The only people truly getting burned here are the dumbasses that buy for $250 and šŸ’ŽšŸ–ļø at $500, then sell at $80 when they can't stomach watching it go down further +Example: + +QQQ near the money options put/call ratios for 5/23, 5/25 and 5/27 are +1.27ā€”-1.46ā€”-.85. From Wednesday to Friday thatā€™s quite a big shift towards neutral. Thanks for any insight. +This is weighing very heavily on me lately. + +My wife and all of her family disagree with my frugal lifestyle. I feel like I'm constantly ganged up on because my financial outlook is different than everyone else. It's like NOBODY understands the idea of making HARD SACRIFICE early in life for a plentiful payoff later. + +Even upon seeking relationship therapy with my wife the counselor gave the impression that my values, goals and happiness is less important than hers because hers aligns more closely with 'the norm'. Than it all turned back on me for being controlling and unwilling to compromise.... How is somebody saying "I want to spend $X on this thing... If you don't want me to spend that much then you're unwilling to compromise. I refuse to spend less than $X, but that's not a lack of compromise, the lack of compromise is your unwillingness to give me $X" + +How do you deal with this? I'm so angry all the time because I'm treated as if my opinion and preferences are wrong just because they're abnormal. + +I acknowledge that my mindset is abnormal and that the other people in my life have a right to their own outlook, but when their outlook actively takes away from my future and my goals it is extremely difficult to accept. + +Don't get married until you either agree to separate finances or you are 100% on the same page financially kids... It's going to rip your heart out. + +Having a strict financial mindset as a sole income earner is hard... + +Tl;dr - Most people seem to think that if your mindset is outside of the mindset which most of society holds that your mindset is incorrect and less relevant than their own... shit sucks. How do you deal with this constant feeling of being a lesser person because your abnormal lifestyle? + +EDIT: Couldn't work it out. Just filed for divorce. 12/10/2015 +Since this is a MoonShots post, I suppose I will start with my opinion. Firstly, there aren't many coins that have good fundamentals e.g. sans ICO, competent developers, fledgling community. However, every once and a blue moon you get an opportunity and sometimes you just have to take it. For me, luck is a mixture of being prepared and taking a chance. This being the case, I am offering to help you with the first part of this formula. + +Generally speaking, we aren't really interested in moon-kids and Lambos. Instead, we are interested in people willing to take a chance on something that actually means something. I for one am tired of hollow projects with head shots, great tech, partnerships, buzzwords etc. I just wanted a solid project that stayed true to what I thought Crypto was, one that stayed true to the [cypherpunk manifesto](https://www.activism.net/cypherpunk/manifesto.html). To me, an online currency must follow the tenets of the manifesto in order to maintain its legitimacy. To this end, I believe our project not only fits this mold but exemplifies it in its entirety. While I am writing this in a moon sub, I do understand that sometimes taking a wild chance is necessary if you are to experience greatness. I do hope that you all take a look at us and see what we are about. I have taken great care in helping to create something of value - something that isn't hollow and has merit. You won't hear any hyperbolic claims of grandiosity but rather factual reasons as to why we just might be on to something beyond the typical crypto project. + +Now that that is said, try looking at the experimental fork of Monero called [Masari](https://www.getmasari.org/). MSR tries to have a benevolent relationship to Monero. Since we are a fork of Monero you might ask why? Not a small why, but a big why. Like, why even exist? You can read more about what MSR is trying to do and its implications for XMR via this recent [btcmanager story](https://btcmanager.com/moneros-scheduled-upgrade-to-soon-reveal-the-extent-of-secretive-asic-mining/) that covered XMR's fork but in a nutshell, MSR tries to take Monero to the next level by trying experimental technology that may or may not be implemented into XMR. What does this mean? It means that while XMR may choose one path, MSR might choose another and vice versa. In addition to this, MSR could try a new technology like our proposed blocktree scaling and contribute this back to XMR. We think that cryptocurrency should not be a cut throat game but rather a place where both coins can survive and thrive in their niches. + + + +To add to this, [there was a recent top post in the XMR sub](https://np.reddit.com/r/Monero/comments/8a7ubh/only_20_of_the_blocks_coming_into_the_fork_are/) about that [PR](https://github.com/monero-project/monero/pull/2887) that in a nutshell would help with adjusting the XMR difficulty. The PR was added to a MSR fork and has been working well. The WHM algo does really well in certain conditions as seen by the following [data from the developer Zawy]( https://github.com/cryptonotefoundation/cryptonote/issues/215). This may be a little too technical for the average investor, but that is okay. Just know that the data doesn't lie and the Weighted Harmonic Mean algo works. If you don't trust me, you can ask anybody in our [Discord](https://discord.gg/sMCwMqs) and they will be glad to walk you through it. For MSR, a working product is better than paid advertisements but sometimes advertisements and mentions speak volumes. + +How? Well, the MSR community recently sent a question to [Fluffypony about what he thought of MSR and what it is trying to do](https://www.youtube.com/watch?v=TATpQ7KogBc&feature=youtu.be&t=6074) and he did post recently about the coin, although on a whim, as seen [here](https://twitter.com/fluffypony/status/971103127947669505). While this isn't an endorsement from Fluffypony, it does show that perhaps MSR is actually on to something as this our [Git shows](https://github.com/monero-project/monero/pull/3683) since it has been reviewed by none other than Moneromooo himself. + +To end, there are some other things such as uncle mining that MSR wishes to achieve in the near future. With the fork coming in about a week, we will soon see [bulletproofs and multisig](https://np.reddit.com/r/masari/comments/87n35g/multisig_and_subaddresses_coming_to_masari/) added to the coin. Long term, the sky is the limit since there are talks of eventual ledger support. + +I hope my short write up has gotten you excited about this no nonsense privacy coin. If not, I hope that you are a little bit more educated about the importance of privacy coins and at least take the time to read the [cypherpunk's manifesto](https://www.activism.net/cypherpunk/manifesto.html) since crypto should always stay true to its roots. + +Vires In Numeris Friends + +-BazookaJeff + +Feel free to come check us out at /r/masari + + +TLDR; check out Masari and do you own careful research before investing in any coin. + +Hello, + +Anyone else in the same situation about to go through renewal and wholesale price must have spiked due to lockdown ending etc. + +Current yearly with Octopus ends in August: Ā£735 shame it was only a 1 year fix. +Electric- Standing: 20.19p. Unit: 14.66p +Gas - Standing: 17.85p. Unit: 2.86 + +New Octupus Options: + +(Varible) Flexible Octopus: Ā£925.03 a year +Electric - Standing: 24.11p. Unit: 18.82p +Gas- Standing: 23.85p. Unit: 3.42p + +Octupus 24m Fixed: Ā£935.03 a year +Electric - Standing: 24.11p. Unit: 18.82p +Gas - Standing: 26.59p. Unit: 3.42p + +Super Green Octupus 24m: Ā£935.72 a year +Electric - Standing: 24.11p. Unit: 18.82p +Gas- Standing: 26.59p. Unit: 3.43p + +I've looked on Martins energy club there is a few that are like Ā£10 to Ā£20 cheaper over the year but I'm unsure if its worth it. Especially I've been fine with Octopus and things sorting out quickly when emailing them. + +Anyone know of other sites to check? + +Think end of the day I'll have to bite the bullet due to cost rises etc. + +Cheers +My brother is moving out and taking the car with him so I will be without a car. + +I currently live at home and have no expenses apart from getting the train to the office. + +I save quite a bit every month and max out my Lisa (4K pa) and put in my S&S every month. + +Need a car for socialising and just errands on the weekend. Im very much torn between what type of car to go for. A new lease which is lower on the monthly cost but also a larger loss on the value. Or a used car on some sort of hire purchase or loan and pay that off over 3 years. + +In regards to type of car I am not too fussed but I do want a relatively modern car with some nice features. + +New leases I can get some good monthly deals on Ā£220 per month for cars that are 25kish new or I can go for something used around the 10-15k mark. + +What is the best one to go for and if it is used what is the best way of financing a car? + +Thanks Iā€™m advance +I will be 35 in 13 years and Im having trouble projecting how much dividend income I will be ending up with by then + + +Obviously I take the starting amount I have now (6,000 in various stocks) and put it in a compound calculator with my contributions per month but how am I going to relatively guess how much my dividend aristocrats have grown by then? + +Is there any calculators where they project based on specific shares you hold? +I will be 35 in 13 years and Im having trouble projecting how much dividend income I will be ending up with by then + + +Obviously I take the starting amount I have now (6,000 in various stocks) and put it in a compound calculator with my contributions per month but how am I going to relatively guess how much my dividend aristocrats have grown by then? + +Is there any calculators where they project based on specific shares you hold? +My personal opinion, and this is not financial advice, is that it just tested a double bottom. I canā€™t fathom, that with all the institutional interest, that itā€™s going to go down to $20-$25K. + +What is your opinion? + +(please do not give financial advice) +Hi r/Bitcoin, recently my country adopted bitcoin as a legal currency. + +Currently i own the equivalent of $30 in bitcoin, but i have no clue how to increase this amount, nor what to do with it. + +So I politely ask you for advice about this particular situation. What should i do? + +Any suggestions are welcome, and thank you for time. Hope my english is understandable +I bought on a 2012 Chevy Equinox a month ago. Last week I took it to two different shops and found that the fix was probably temperature door, spent $250 for the diagnostic check. Which is a $55 part but $950 in labor. + +I've called my dealership asking what this warranty that was included in the upfront cost actually covers and he won't give me an answer. No list, nothing. He said "it probably isn't covered"... So I don't know what to do. I can't afford to spend $1200 on a fix. Im moving soon and winter is coming. + +Their has got to be something I can do. + + +Edit: wording +Edit: added warranty card and the quote for repair http://imgur.com/fJEneOg http://imgur.com/5v8GGbm +This probably comes off as FUD at first glance, my apologies. + +I'm just asking every Ape to think from a Short Hedge Cuck's perspective. It would be in their best interest to ruin our price action cycle thesis. That's not me dissing any DD writers, I read all your work, twice, and it's incredible what some Apes put together. I may be on the smooth side of the spectrum but there's one thing that I know: HedgeCunts always want to hurt Apes morale. + +I've been here since Jan and they always kill the hype- Like they're here watching for it + +That's my only point, and it is 100% speculation. I'm just tryna manage expectations for new apes. + +p.s. DRS is life + + +Edit to clarify: + +I said nothing about any options DD, it makes sense that January is when GME's short sellers are most exposed- I was speaking on the coming weeks, and I wanted to manage expectations for the newer apes from /all + +I'm sorry if my opinion upsets you, but it's just my opinion, man. +Only 90 people have so far sent an email to the SEC with supportive comments about the Bitcoin ETF proposal. + +Hundreds of thousands of us speak out in favor of Bitcoin and crypto adoption on reddit/twitter etc. Take the time to send a quick "I support the Bitcoin ETF" email. + +All that you have to do is send an email to rule-comments@sec.gov +And quote this in your subject line: SR-CboeBZX-2018-040 + +You can also see the info here: https://www.sec.gov/comments/sr-cboebzx-2018-040/cboebzx2018040.htm + +Let's show our support and open up Bitcoin and Crypto adoption on a more widespread basis! + +Here are the comments that I submitted: https://steemit.com/bitcoin/@coolhandcanuck/bitcoin-etf-my-comments-to-the-securities-and-exchange-commission-on-their-pending-review-of-an-application-for-a-bitcoin-etf +There's been a huge influx of retail investors in the stock market recently. Is this changing anyone's strategy? I've been DCA weekly into mostly VTI and VXUS. I'm considering reducing my DCA weekly amount until there's a significant correction. I'm 45yo and don't need the money soon but plan to retire in \~10 years. + +[https://www.cnbc.com/2021/04/09/investors-have-put-more-money-into-stocks-in-the-last-5-months-than-the-previous-12-years-combined.html](https://www.cnbc.com/2021/04/09/investors-have-put-more-money-into-stocks-in-the-last-5-months-than-the-previous-12-years-combined.html) +The amount of free food you get is staggering. I get a free lunch every day and take left overs home for dinner. I usually get so much at night I can have leftovers for breakfast. It's all good stuff and already prepared. I swear like 80% of my meals are free. I spent maybe 40 bucks on groceries last month. Just milk and some produce. +Over the last two years as I've been working towards FIRE I've been thinking of what post retirement can look like. I don't want to simply exist in retirement but I want to see lives encouraged in retirement. + +Hear me out. With all of the information out there about becoming an expat, what if the location chosen to retire is a place with great need. Perhaps the need is educational, spiritual, financial, or medical. Perhaps the need is something you or I can fulfil with our own expertize. I'd wager each of us is an expert in something if we can produce an income high enough to FIRE. + +This wouldn't be becoming an expat or moving to a low cost area of living for the sole purpose of letting our investments carry us through our lives but it would put us in an area where people are in great need. + +This lifestyle would be one of service and volunteering without being a hindrance to the organizations and people who need the help. + +**What resources exist to pursue this type of life? What thoughts do you have about spending your retirement in this way?** +Hey, y'all! Longtime lurker and occasional shitposter, first time DD-writer. Feel free to let me know what you think in the comments. + +# Disclaimers + +This post is for entertainment purposes only. I am not a lawyer and this is not legal advice. Consult a professional before making any legal decisions. I am not a financial advisor and this is not financial advice. Consult a professional before making any financial decisions. I have a financial interest in all the organizations discussed but to varying degrees; GME is the largest by multiple orders of magnitude. + +# Background + +A bit about my relevant experience in the areas that I discuss below. Happy to verify my identity with mods if requested. + +I've worked at multiple tech startups with good, bad, and mediocre exits. I've brought multiple products to market within complex business structures involving multiple business units. I'm passionate about strategy, product launch, legal risk, finance, marketing, & go-to-market. + +No formal experience in web 3, just started learning recently with the recent Loopring leaks. + +# GameStop Gaming NFT Marketplace w/ Immutable X + +Like many others, I was both super excited but somewhat confused by this announcement. I had been following the Loopring leaks and have been eagerly awaiting an announcement about their partnership with GameStop. What we got last week wasn't that - it's actually way better. + +If there's any doubt in anyone's mind, let me say unequivocally: this is incredible news and shows how serious GameStop is about reinventing itself to address the rapidly growing markets of gaming, collectibles, NFTs, and possibly the broader web3 space. + +While there isn't much out there, we did get some important details from [GameStop's SEC filing](https://news.gamestop.com/node/19586/html) and subsequent media push by IMX's Robbie Ferguson (Bankless YouTube announcement [YouTube interview](https://www.youtube.com/watch?v=fne4XMhtVf4) & [Twitter posts](https://twitter.com/Immutable/status/1489768162254266369)). Also, many wrinklier brains than mine have posted foundational analyses like [/u/fortunate\_branch](https://www.reddit.com/u/fortunate_branch/)'s writeup in the Loopring subreddit. + +# Structures: Organizations, Technologies, & Products + +Here is what I believe to be the structure of products, technologies, and organizations between GME x IMX x LRC. We know about the GME Entertainment entity from the GameStop filing about Immutable X. + +[Theorized org & product structure](https://preview.redd.it/fp369egx2rg81.png?width=960&format=png&auto=webp&s=2564259f237a35238a6d7c4e77510225d3f2f800) + +But, per the YouTube interviews and Tweets, Immutable X is exclusively focused on gaming NFTs and building the marketplace for them with GameStop. They're \*NOT\* the custodial wallet for said NFTs. + +That's the role that Loopring's wallet plays in GameStop's overall web 3 strategy - they're the technology underpinning a yet unannounced "GameStop wallet" to act as a free/low-cost custodial wallets for the gaming NFTs acquired through their Gaming NFT Marketplace. But those Loopring wallets aren't limited to the gaming NFTs - they're the core component of GameStop's technical stack to democratize web 3 for mass adoption. + +In the future, if GameStop expands into other types of NFTs (like collectibles), the org/tech/product structure could look like this. + +[Theoretical future org & product structure](https://preview.redd.it/3ylr138z2rg81.png?width=960&format=png&auto=webp&s=fba39a742aca00cb62d73cb97e7304c0090c7a15) + +# Subsidiaries & Financials + +This corporate structure of subsidiaries is often used by startups to protect their initial capital by funding subsidiaries with a small portion of that initial capital. These subsidiaries are often used to "test" a vertical within a broader market where legal risk is unknown or unproven. This way, if something goes truly sideways with the subsidiary and they get the snot sued out of them, only the capital held by the subsidiary is at risk of any litigation and the capital held by the parent company is shielded from claims against the subsidiary. GameStop is doing exactly this with GME Entertainment and the gaming marketplace they're creating in partnership with IMX. + +GameStop has an incredible $1.4B cash on hand [per their Financial Statement for Q3 (ending Oct-30-2021)](https://news.gamestop.com/static-files/d8478a24-97e8-414e-bfd6-f1f73522ceda). No indication what they're using it for or when but I would guess they waited until Q4 close to have a full year of physical & ecommerce transformation on the books before investing in the web 3 venture. This is probably why all this news is hitting now, GameStop's last Fiscal Year ended Jan-31-2022 and we're officially in their new Fiscal Year. + +What's incredible about this to me is that, so far, we've only heard about Immutable X investing 56M IMX tokens (notional \~$160M USD as of writing) into GME Entertainment through a milestone-based partnership. This is so bullish and a testament to the strategic minds guiding GameStop. They raised capital to fund the web 3 venture and structured it with a subsidiary to protect the (current) core physical & digital sales businesses. + +[Theoretical org & financial structure w\/ flows](https://preview.redd.it/fsw9xl113rg81.png?width=960&format=png&auto=webp&s=9cf55f937ce527c1b27217ee0abb25b987b8fdd4) + +I wonder if we'll see a separate GameStop subsidiary dedicated to the partnership with Loopring and holding LRC tokens similar to GME Entertainment and the IMX partnership. Perhaps it would over-complicate things but I could see this based on the differentiated roles that the Loopring wallet technology plays in GameStop's web 3 strategy. I think we may see a "GameStop wallet" product announcement in the future. This product is distinct from the gaming marketplace but an essential piece of GME's web 3 product & experience strategy. + +# Key Functionalities By Product & Technology + +[Key functionalities by product \/ technology](https://preview.redd.it/uxdrvrm43rg81.png?width=960&format=png&auto=webp&s=ccd3d16875613debd2fe835439f11b8644b1eccc) + +# Partner Analysis & Strategy + +IMX appears more ready for the go-to-market motion than LRC. I believe IMX already has strong marketing & sales functions based on 1) their existing game (Gods Unchained), 2) their previous partnerships (like [with TikTok](https://www.cultr.com/news/tiktok-top-moments-nft-collection-powered-by-immutable-x-to-feature-grimes-curtis-roach-bella-poarch-more/)), and 3) the media blitz they've been conducting. Robbie (IMX CEO) had an interview lined up with [Bankless](https://www.youtube.com/watch?v=fne4XMhtVf4) on the day of the announcement and [Yahoo Finance](https://finance.yahoo.com/video/gamestop-nft-partner-says-video-150950315.html) on Monday. I suspect IMX will be a great co-marketing partner for this very public-facing part of their web3 strategy. + +LRC is a critical technology to GameStop's web3 strategy and DeFi overall but the organization is less prepared for GTM. Daniel Wang seems more like a technologist. Daniel's departure and Steve Guo stepping in as CEO likely signals a shift in strategy more focused on Loopring's business applications and go-to-market strategy. LRC is going to get a lot of exposure if/when GameStop announces their "GameStop wallet" built on Loopring but I'm not sure if they would've been ready with Daniel still as CEO. + +The Loopring wallet allows GameStop to pursue multiple NFT strategies, the first among which is gaming NFTs through the marketplace with IMX. + +# Summary + +GameStop's web3 product strategy seems incredibly exciting and I'm really impressed by the partners they've selected. I cannot wait to see what comes out this year! + +# TL;DR + +Buy, hold, and DRS +Hi r/finance, + +I am wondering what other aspects in the financial statements/annual reports investors and analysts should look at when determining the performance of a company. As ratios only provide so much information, what are the other vital things that should be considered? + +Thanks! +Hi finance, I'm new here so I apologize if this has been dealt with before. + +Is there a standard or typical method for venture capitalists to value a start up for investment? Is the the usual DCF or comparables approach or are there different approaches? + +Cheers! +Its looking like my wife and I are going to be getting a cordial divorce. I recently complete a stint in rehab after a nasty addiction, and lets just say things are not going well. I racked up signifcant debt over the course of my addiction. I relapsed and things are getting bad again. + +After some discussion, we have decided that divorce is probably a good idea, all things considered, for the sake of our son, and she is pregnant and due soon. + +I am worried about my debt. I do not want her to have to deal with it or be liable for it. I lost my job and there is a good chance I will not be able to make the payments, even with a job. If I default on my debt (credit card debt), will she be liable for my debt? Even though we are getting divorced, I hope she is safe from my creditors and able to be financially secure to provide for our children. +So I had a phone interview with this guy for a trading role at a bulge bracket (bulge bracket X) and crushed the interview and he really liked me. I sent him the usual email after my interview thanking him for taking time out and since I will be in NYC next week, I told him "I will be in NYC next week and would love to meet you in person to further discuss my qualifications. Also, would it be possible for you to introduce me to other professionals at ____ while I am in the city?" Where the blank is, instead of writing the name of bulge bracket X, I wrote the name of another bulge bracket (bulge bracket Y). Totally fucked up. + +Now I sent this email out to Friday evening around 6pm. So should I send him another email and be completely honest and apologetic and say that I am interviewing with bulge bracket Y as well and made a mistake but bulge bracket X is my top choice. Or should I let it be and hope he does not read the email since it was sent Friday evening. +This is a complete shitpost and rant, but I keep coming back to 'Don't Look Up' every time I hear the Corporate Media spew absolute crap to the public. Hear me out on this, but Corporate Media has influenced millions of people that GameStop is a "meme" stock controlled by apes and they shouldn't buy it. + +&#x200B; + +I ran across this post earlier: [https://www.reddit.com/r/Superstonk/comments/ulr303/if\_we\_do\_end\_up\_running\_at\_some\_point\_this\_month/](https://www.reddit.com/r/Superstonk/comments/ulr303/if_we_do_end_up_running_at_some_point_this_month/) (shoutout to u/bigfirehydrant) and it made think of how 'Don't Look Up' is a perfect example of how the media and the institutions that "govern" everything spin a narrative that everything is fine, GME isn't the play, inflation is transitory, and NASDAQ dropping 5+% in one day is because everyone re-evaluated the interest rate hike that evening and decided it would be best to sell the next day. + +&#x200B; + +When everything goes down, and stays down, and GME jumps 100% in a day while everything else is crashing, people will soon realize the the meteor/asteroid IS, in fact, coming for them, and by that time it will be inevitable. I'm assuming that they will turn off the buy button again to keep the public from joining us apes. We will be on our own, and we will be blamed by the corporate media, but by that time, the people will already realized that we were right, the meteor/asteroid is coming, and they were swindled by the government and the corporate media. + +&#x200B; + +The aftermath of it all, won't come for a long time, but I firmly believe that the corporate media will withstand that backlash, and people will go back to doing what they always do...listening to the divide and conquer. They will blame us, the apes, the meme-stockers who just won't sell. They will spin the most off-the-wall things they can to paint us as the bad guys. But "we aren't the bad guys here. We didn't defraud the American people and prey on their dreams of owning a home. Alright? They did. Now we get to kick them in the teeth." +In 2008 I was 10 years old - My dad past away in 2007 and my mother was a waitress who had 3 boys to take care of.. when 2008 happened my mother had to walk to work because gas prices were too high.. I had to quit playing football for my school because my mother couldnā€™t afford to take me to games anymore.. I watched my mother struggle.. no one was tipping anything no matter how above and beyond she went.. we wore Walmart shoes.. we could barely leave the house during the summer.. I watched my mother cry and I could see that she was barely doing this on her own.. once in a blue moon sheā€™d let us turn on the water hose and have fun for a couple mins.. life was hard for her but she held through it and that is why I hold and will never let go so I can give her the life she deserved.. I will never ever let go of this bag.. because weā€™ve wasted are lives trying to just ā€œget byā€ and Iā€™m fucking done.. good luck Ken Iā€™m never letting go.. and we are never going back to reasonable.. +So, backstory, I lost my job about 4 months ago when my company had a big layoff. I have been job hunting and sending out resumes, but just like fishing with no bait I am not getting any responses. I'm not sure what's up but I have been feeling pretty bad about not working, contributing, earning. I'm on unemployment right now which is juuuuuuust enough to help with my share of the rent and then a little bit left over. With the current inflation on groceries that little bit is even less. So to make ends meet I started going to the local food pantry where they give out free groceries every week. Even though it helps me out, I feel really ashamed being there. There are lots of moms and old people, people on disability, people with obvious mental health issues, people that look like they haven't had a job in years, and I'm like young and capable of work, and I feel like I don't belong there and it's wrong for me to be asking for free food. I'm in a weird head space right now, but I could just use some support and positivity. +I started playing chess competitively over the pandemic. I'm an 1100 rated player after several months of play. Fair to middling, nothing to write home about. + +For those of you who don't play competitively, chess is a brutally unforgiving game. If you accidentally lose a piece worth more than a pawn without taking one of equal value, the game usually tilts decisively in your opponent's favour as long as they know what they're doing and press their advantage carefully. When that happens, you need to stay on your toes and look hard for your opportunity to claw your way back into the game. Sometimes one arrives, sometimes one doesn't. It's also possible to make such a huge mistake that you can all but guarantee defeat from a completely winning position with a single terrible move. + +Usually, when a player commits a game-ending blunder like hanging a queen, they just resign and move on to the next game. Sometimes people will play it out, and that's a completely respectable choice, in my opinion: why not try to find a crack in the armour and swindle a draw or a win? But there's a certain type of player who follows a script after making a game-ending blunder, and I see it at least once every 15-20 games or so. If you look closely, you'll see something resembling the stages of grief. + +First, the game seems to freeze for a second, especially if moves were being played quickly before the blunder. They take a beat to process what just happened, and realize that they're living on borrowed time. + +Next, they ask for a draw. I don't know why they bother with this, because I seriously doubt it ever works. Nobody would accept a draw from a clearly winning position that they earned. + +When the draw is declined, some players will then berate me if they speak English. Some players will say nothing. + +But finally, instead of doing the decent thing and resigning or playing the game out, they decide to let their clock run and lose on time instead out of spite. "You win the game? Fine. I'm gonna waste several minutes of your life for it, and there isn't a damn thing you can do about it." + +I don't know these opponents from a stranger on the street, but if I'm speculating, I'd say they probably share traits from my opponents in the stock market, who are on the other side of my trades instead of my chessboard. I'd say they probably have the same desire to win at all costs, the same sense of entitlement that leads to an expectation that they will beat any opponent they face, and the same sense of vindictiveness that drives their desire to put one over on people who do get the best of them. I think the biggest difference between the two is that the hedge fund managers don't lose very often. It's a bigger shock when you're accustomed to stockpiling multi-billion dollar profits and you realize you hung a backrank mate and blew up your hedge fund. + +Chess and the markets, like our opponents in each, are similar and different. Both chess and the markets are unforgiving, and a single wrong move can mean game over. I think that's where the similarities end, though. Chess is just a game. Losses in chess only affect your life if you let them. The stock market is real life. Losses there can affect your life significantly. In chess, both players have perfect information. In the markets, parties generally have very little information, comparatively speaking. Institutions have better information than retail and certain mechanical advantages, but nobody has the complete picture. + +Because the markets are so informationally imperfect, we aren't sure what moves, if any, they have left to play. We don't know how much time is left on their clock before they lose on time. We don't even know what they're up to in a general sense at any given moment, but we can look at data to try to glean what they've done in the past. + +I'm not entertaining the possibility that they've resigned. If I thought it were possible that shorts covered, I wouldn't be here. + +It is plausible that they're going with option 2, and deciding to play it out by using every last second of time they have before getting margin called to find a crack in our armour and swindle a draw or a win. + +It is also plausible that they're going with option 3, and they are essentially out of moves to play to salvage their position. They offered us a draw from our little jump to 325 or so, they used financial media to hurl insults at us, and now they're letting the clock run out of spite. + +The nice thing is that I'll do the exact same thing for both of these options... + +...buy and hodl. +Meta bag holder here. down 50% from purchase price. Never thought it would be down so much this year. I though it was a solid blue chip company like APPLE and MSFT. + +low PE, lots of cash flow. great products. But now it is -20% again after earning. + +what is not so bad is I diversify and meta is only a small percent of my whole portfolio. But I still don't know what to do at this time point. + +Will you buy more? keep holding or just sell? +&#x200B; + +[Account #1](https://preview.redd.it/ar66kl2o7d8a1.png?width=1010&format=png&auto=webp&s=12ecaddb296a16cec5e168cfc1a81132b05caa75) + +&#x200B; + +[Account # 2](https://preview.redd.it/enz100ex7d8a1.png?width=1105&format=png&auto=webp&s=a89d88f70539b57ed2a660b05433726c18b3781c) + +Here are 2/7 accounts. Other accounts are much smaller in size, so no point in posting. Also took out \~100k cash to pay off my parent's debts and buy them nice stuff šŸ˜Ž + +Was max margined basically at all times, and kept flipping from short to long and vice versa. + +My current positions (Running long/short portfolio right now): + +Short \~6000 $NVDA shares + +Short \~1000 $CAT shares + +Long \~210k $ASTS shares + +Using margin rn, and will continue to increase margin as my positions move in my favor. +Background: + +A couple colleagues and I recently launched our own Registered Investment Advisory (RIA) firm, with the goal of managing capital according to traditionally institutional concepts, but structuring it to make it appropriate for both individuals and high net worth individuals as well. + +As I myself am not a high net worth individual, I am asking those in this subreddit who either are, or know HNW individuals, how their finances are managed so as to better refine our marketing strategy. + +Do most HNWIs manage everything themselves at arms lengths? I'm talking about the whole financial picture: Tax planning, investments, estate, bookkeeping, insurance, etc.? + +I have to assume that they employ the services of a Financial Planner to manage their entire financial life. + +Q1) Is this the case? And + +Q2) If this is the case, if/when we approach interested HNW individuals in potentially becoming clients, and lets say they are in, would they typically instruct their Financial Planner to work with us in opening an account in their name, and going forward it would be their Financial Planner that aggregates monthly statements of their financial life (including their account with our firm) and report it their client? Or would most HNWIs simply do this themselves? + +Basically, as OUR firm is NOT a financial planner (we only focus on managing an investment portfolio), would we primarily be working with HNWIs directly, or through an intermediary such as their Financial Planner who would then take care of overall reporting and financial planning? +The fire community has really strong recommendations on companies like Vanguard with VTSAX when it comes to investing, but I canā€™t seem to find the Vanguard of insurance. + +Iā€™d like to find the most reputable insurance provider that folks in the fatfire category trust with their car, home, and umbrella policy that provides the essential coverage at fair rates. + +Do they use one or multiple carriers? Which ones. As a note, I havenā€™t been able to find a way into USAA (if thatā€™s the preferred vendor). +Although the degree may not matter as much as the person for financial success. Which particular degree should a person that is equally passionate about most programs pursue if his/her goal is financial success in the future? In other words, which college degree will best equip you in making money? +Big day tomorrowā€¦ The Ethereum merge is set to take place changing Ethereum from Proof of work to Proof of stake. + +What do you think tomorrow looks like? +Is there actually a chance that the merge doesnā€™t even happen? I know there are some people out there who think it will flat out fail. Why? + +Also, do you expect it to be a sell the news event? I feel like the markets have already kinda dumped recently. I do expect some volatility but have no idea if itā€™ll be a good or bad thing. + +My opinion is that the merge will take place. If it goes smoothly I donā€™t think we see a massive dump. Just my opinion, I donā€™t have a crystal ball so be prepared for all scenarios. If it doesnā€™t go smoothlyā€¦ it could be very bad.