diff --git "a/reddit_finance_43_250k_373.txt" "b/reddit_finance_43_250k_373.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_373.txt" @@ -0,0 +1,10000 @@ + +What are your predictions for tomorrow everyone? + + +[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 + +[📚 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) | [📚 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) | [💡 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) |[📈 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) | [🗣 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) | [🤔 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) | [💻 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) | [📰 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) | [🤡 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) | [👽 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) | [📳 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) | [☁ 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 💎🙌](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** + +[📣 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) | [📆 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) | [🏆 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) | [🚨 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) | [📖 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) | [🔔 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) | [⌚ 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) | [🥴 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:"💻 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!* +My mother lives off of a social security check each month and now that she's got terminal illness and is in the end stage of life, has no one to take care of her. I don't live in the same state but I hired a home health aide to come in a few hours a day. Unfortunately neither of us can afford a full-time caregiver that she desperately needs. She asked me to get her full-time help and pay for it with her credit card. I know she can't afford those card payments each month, however, and financially I am in worse shape than she is. She qualifies for hospice care but they only come 20 minutes a day. Other than charging her credit card do I have any other options? I tried to put her in a hospice facility but it was so terrible that I had to remove her from the place. I'm thinking about getting a second job to help pay for this, but I have young children and would need to pay a babysitter when I am at work which would defeat the purpose of earning that extra income. Any help is appreciated +I'm 27. My company's 401k plan with fidelity offers only 35 investment options. Our 401k plan defaults to the target retirement fund (FID FREEDOM 2055 K for me) with a gross expense ratio of 0.65%. We only have 4 low expense ratio options... + +FID 500 INDEX - 0.015% expense ratio + +FID INTL INDEX - 0.045% expense ratio + +FID US BOND IDX - 0.025% expense ratio + +FID EXTD MKT IDX - 0.045% expense ratio + +While I think this would be enough to construct a 3 fund portfolio, I'm concerned about using the S&P500 index instead of a total market index. Is it worth it to try to lower my expense ratios using these four funds instead of a target retirement fund, or with the lack of investment options is the target retirement fund better? Should I even include the extended market index? + +&#x200B; +Hey all will try keep this easy on the eyes 👀 + +In my late 20’s currently on a £29k salary (about £1900pm take home) + +My monthly expenses (inc food) are roughly £800pm + +Recently managed to have £5k in emergency fund which works out to be 5/6 months of expenses. I contribute to my pension (matched by employer). + +I was homeless a few years ago so I feel like I’m finally getting to grips with life again, I’ve got a partner and child, rent a small flat (looking to move soon) and have no debt (apart from student loan). + +I’m now looking at investing into a Vangaurd S&S ISA and still keeping a little money aside. + +Does anyone have any suggestions into where I could make my money work for me/maximise my extra money? + +(Also if anyone has any suggestions of what to invest in or where I should be keeping my emergency fund, would be very helpful) + +Thank you 🤝 +I shifted my savings from Marcus to Chase when they launched, mainly due to the referral bonus and high 1.5% AER at the time. + +But their saving rate has now been average for too long and I’m losing hope that they will increase them anytime soon. + +I’m considering transferring back to Marcus at 1.8% AER for the time being, or opening an account with whoever has the highest easy access saving account rate. + +Anybody else looking out of chase because their saving rate isn’t competitive anymore? +How do you negotiate a rent increase, and let go of the fear of a tenant leaving? I happen to have a large place rented out to a company that uses my commercial building as an office and a warehouse. + +I haven't asked them to increase the rent for the past 3 years because the area it is located in, is going through a slow down. There are a few places around which are vacant. I mostly fear that if I was to ask them to increase the rent, then they would leave our building and maybe move to another one close by. Also I know they are earning a good amount of money and could just buy a building themselves near by. + +As a landlord should I have the fear of them moving out if I was to ask them to increase the rent ? + +I do plan on surveying the place and asking about the going price of the area to make a decision, but I get this feeling for almost every place that I own. + +Say if I have a building rented out for $1000 a month, and I go about asking the tenant to increase it to $1100, and they decide to leave, then I lose $1000 every month that the building is vacant for. This seems to be a big amount, and I don't feel asking for that small increase in rent is worth it because of this risk and doing the math, I would lose a lot more if they were to vacate it because of the increase in rent. How do I let go of this fear ? +I live in SF but DO NOT invest here because the prices are so insane. An average SFH is currently going for about 1.5million. Burned down or destroyed homes even sell for 1million because of the high value of the land. + +I'm thinking that logically, this cannot continue. The prices for housing in SF, (and to a lesser extent Seattle, LA, NYC) have gotten to the point where normal people simply can't afford them. Most of the houses in SF at least are being bought by investors with briefcases full of cash looking to flip and sell them to the next buyer. There has to be a point where it all comes crashing down. + +Then again, SF has a ton of great, high paying jobs. Same goes for the other expensive cities. Surprisingly there is actually a lot of demand for million-dollar homes. I recently met someone who dropped a mil on a surprisingly average 2BR out here. And they're not rich. + +&#x200B; + +So, I'm wondering what your thoughts are on this. Will prices keep going up until the end of time? Will they level out, or is it likely that some event could a fragile market to collapse? Let me know what you think. +I purchased a multi unit property where I live with my partner. For various reasons, I decided to purchase the property entirely in my name, and 100% of cash to close came from my capital. I currently pay 100% of the mortgage and utilities. + +My partner wants to invest in the property, in order to have some ownership, and to tap into potential appreciation through strategic upgrades as well as future rental income (the other units are vacant for now). They are able to contribute cash, as well as sweat equity. This would be a benefit to me as I could use my capitol for other things. + +What would be a fair and equitable way to structure some type of buy in? Should they contribute towards the principal and interest as well to gain equity? What about taxes? I'm feeling lost as to what to offer. + +Right now, it's not an option to buy a second property together, since my partner needs to build income history to get pre-qualified. + +EDIT: we are both in agreement to do a prenup before we get married. +its a 3 unit in which ill live in one for 1 year than moving out the next, what apps, documents or templates etc should i get and download to make the process easier. +Anyone have a good resource for a basic plug and play financial model for rental properties? I want to be able to make basic assumptions on things like rental growth rates, expense growth rates, acquisition costs, CapEx, allowance for vacancies, and terminal value/disposition price/date. + +&#x200B; + +I can probably build one in a few hours but I'd honestly just modify something that you think is a good starting point. I may miss some things that the default model has a specific section for, so that's also a benefit. + +&#x200B; + +Thanks in advance. +I am looking to get into my first rental property. I am at the very beginning of the process and have starting speaking to my realtor. We have narrowed down our price point, area, comps in the area, etc... + +My main question is do I just go ahead and start an LLC or just buy it in my name. I have 20% to put down. I have been reading many different opinions which I am sure I will get asking this question but I am just stuck on what to do. Any information that I can be pointed to would be very helpful. I do plan on getting more properties added to my portfolio. Just want to plan ahead. +While I'm not the biggest fan of centralized exchanges, I think it's still the best way for noobs to learn about crypto. In this sense, the trust relationship between holders and CEXs is crucial: when you buy BTC or ETH, you want the exchange to actually own these tokens. + +That's why I was very pleased to learn today that Kraken has [just launched a new way](https://www.kraken.com/proof-of-reserves/?utm_source=content+announcement&utm_medium=email&utm_campaign=por+announcement&utm_content=content+link&j=239745&sfmc_sub=49972818&l=227_HTML&u=3691634&mid=514004678&jb=121) for their customers to verify, with cryptographic proof, that their tokens are actually in their accounts. + +It's called "proof of reserves", and here's how it works. Twice a year, an auditor takes an anonymized snapshot of all balances held and aggregates them into what is called a Merkle tree, a private database that encapsulates all client balances. Some cryptographic magic happens (the actual operation is quite complicated to go over in this post), and voilà! Users can now verify their balances with a few clicks. + +**You don't have to take Kraken words for granted : they can prove to you they're actually holding the tokens you bought.** + +In full disclosure, I have to say that I've been a Kraken customer since I started in crypto, so I'm not entirely neutral. However, in my opinion, this kind of practice allows our ecosystem to gain credibility. The days of Mt. Gox and Quadriga are well and truly over! +EDIT: I didn't mention that I am a student, earning 1700$/month after tax just because of high scholarship levels and support for students in Country B + +Hi, + +I would just like to get an opinion on how people would interpret such behavior and is it considered selfish? + +I was born in poor European country A: Avg income 800USD/month;Avg wealth 20k USD.I went to study to Rich European Country B, that has a very high equallity: High tax payers in rich country allow the government to provide free education and pay 800USD/month scholarships for students plus around 900USD as a part time employee. Country B has a high equallity, therefore advancing in career does not lead to salary increase. Therefore, my plan is to move to english-speaking country C (UK/USA), where equallity levels are lower and earn higher incomes there. If my life would allow me, i'd like to retire back in cheap country where i was born. + +Sometimes i feel like i am a rat - i move into a country that is suited for lower income people, use its benefits and then move to a country which is suitable for higher income people, and use it to my advantage and move to a country with low purchasing power. + +TL;DR: Born in poor country - use benefits of rich country with high equallity levels, navigate it to rich country with low inequallity levels, go back to retire back to your poor country.EDIT 2: Thanks everyone for the answers, I am very happy to get everyone's insights regarding this situation. I am now more confident about the ethics of the situation, however I still feel like I am robbing country B - it's just that everything is legal and everyone knows about it. Hope this post might give some answers for anyone in similar situation. +I know that I'm preaching to the choir but don't make my mistake - this is a throwaway account to show you that timing the market will fuck you over. It is also a post to keep me in check for my future self. + +I can't believe I was so so dumb and I'm ashamed of my trades every. single. day. + +A bit of background about myself, I'm a 31 years old guy working in finance with a complicated past. My parents were not the best parents in the world, they had a drinking problem, I got my fair share of ass-whooping, and my self-esteem was always very low. Now take this extreme anxiety with a very doomer vision of the world and you got a recipe for a disaster. Fast forward a couple of years of blood, tears, and sweat and I landed a good job in an investment bank. I'm not a trader nor a PM but I do some middle office stuff for a couple of years now. I know how to read 10-k, financial statements, I do listen to earning calls and I know my fundamentals. + +I was always afraid to invest in the stock market having flashbacks to 2007 but I knew it was the only way to make money and I needed to do it before the world goes to shit. I knew I had to strike gold to become rich because with my salary I would never be able to prepare for the incoming floods, droughts, migrants problems, brewing civil war, peak oil and peak copper. I wanted to make money like those guys in WSB, like the btc miners and the RE moguls from 2013+. I wanted to reach FIRE as soon as possible not in 10-15 or 20 years + +In 2018, after 4 years of job-hopping and pinching every penny, I was finally financially stable to allow myself to invest and trade. My strategy was to select a couple of stocks to hold and a couple to trade. I told myself there's no better time to invest and I started investing in 2019 just after the 2018 dip in a diversified portfolio of growth and blue chip stocks with a 10 years horizon. It took me dozens of hours of research to select the stocks, reading reports and checking historical data. + +In 2019 I finished the year with a nice 15% pp above sp500 and I was really happy and flabbergasted by my ability to pick stocks. In hindsight, I was dumb and I followed to the T the Dunning Kruger path. 2019 was a bull market and it didn't occur to me I could just pick any stock and make money. [picture](https://i.postimg.cc/BvwVFWjT/image.png) + +Then 2020 rolls around and I started selling my portfolio. I knew about covid around dec. 2019 and I was thinking I can time the market. I thought it is my golden opportunity to strike gold. Just before Powell announced QE I decided to jump all in with a 2x inversed sp500 ETF AND VIX etf. It was my biggest failure... I stuck with those for a couple of months thinking that the market will eventually crash. How long the US can keep up with a 25% unemployment and one 1200$ check? Then I started doubting my strategy and luckily I started buying back my picks while selling the inverse and vix. And this is how I finished 2020 with -7% returns compared to 15% of sp500. [2020 performance chart](https://i.postimg.cc/rmVwDrt0/image.png) + +YTD 2021. What can I say, my blue chips are crashing hard. Sp500 is at +15% YTS while my portfolio is -16%. [2021 YTD](https://i.postimg.cc/J42DSPHT/image.png) + +[Overall, since 2019 I'm still +15% but it is nothing compared to sp500](https://i.postimg.cc/SRHxZQgm/image.png) + +I hate myself, I hate my life and I don't know what to do. I keep reading about people without zero financial knowledge getting +200% or 1400% returns after investing in April 2020 and here I am weeping and trying to understand my mistakes. When I look at my portfolio where I tried to time the market I just can't believe how dumb I was. I now have like "PTSD" symptoms and I will not invest any more money into the stock market. Inflation is eating away my money and I need to make peace with the fact that I'm dumb. Since 2020, fundamentals jumped out of the window, every person is investing and nothing makes sense. If I see another comment "It iS prIcEd IN" or how someone yolo'd everything into Tesla I will strip naked and run a marathon on the highway. I just can't bear with the fact that I have a master's in finance and I failed miserably compared to some teenagers that know nothing about EBITDA or FCF. + +My failures: + +- [2x Inversed sp500](https://i.postimg.cc/8PSNcWQ1/image.png) +- [Buying GME at 4$ and selling it at 3,5$ then buying it again at 200$](https://i.postimg.cc/4NsRsgVy/image.png) +- [VIX ETF](https://i.postimg.cc/C17H8kPW/image.png) +- [Selling TESLA like an idiot](https://i.postimg.cc/SxjSb4b8/image.png) +- [Selling NVIDIA](https://i.postimg.cc/Y9MTkNLV/image.png) +- [Selling moderna](https://i.postimg.cc/J79vzWXZ/image.png) +- [Buying and selling at a loss sp500 in October 2020](https://i.postimg.cc/SN6TQYkb/image.png) +- Selling my 4 BTC for 300$ ages ago + +As I said, don't time the market, invest your money in VTSAX. +Hey, I'm coming from one of the Slavic countries background, and here, unsurprisingly, the income isn't very high (although the amount of money, that you have to spend, in order to get by is somewhat low as well.), we're talking $500-$1k per month, with minimum spending of around 200-300$, depending on the country\\area. When I started going through posts and materials in this community, I got an impression, that most people here are living in US, UK, and Western-European countries, where there's bigger amount of opportunities to save enough money long-term, or build up enough to have decent amount of finances for retirement. Question is - what should an average Joe(or rather average Vadim) from Europe's far East do, in order to set himself on FIRE(sorry, I had to)? I'm old enough to know, that there's no ultimate solution for any situation, when it comes to building up money, but still, I'd be curious to see, if there are folks from the same area, who figured something out,or, maybe, there are other options to explore here? Aside from something like "Move elsewhere". +I told my friend to wait for a rise and sell as they would be better off selling because I don't see Netflix recovering those 40% any time soon. + +What are your thoughts and what do you do with major losses like that? + +Last time I was in a situation like this I waited for a significant green day and sold, what do you usually do? + +I know you shouldn't sell low, but when you feel like it's the fair value and you won't recover, selling becomes a option to consider. + +Thanks for your non financial advice, much appreciated, cheers! +When the MOASS begins, if they cut the internet no ones selling. If no ones selling there won’t be any shares to buy = less supply to purchase with insane demand would only cause the price to go even HIGHER. + +This is blatant FUD and makes no sense. Say the internet does go down, everyone’s trying to call their brokerages, brokers get flooded with calls checking the price and hearing it’s in the thousands, there’s a wait time to connect to a broker now, people panic and hear price is dropping and everyone starts selling. + + +IF THE INTERNET GOES DOWN ITS COUNTERINTUITIVE IF THEYRE CLOSING THEIR SHORT POSITIONS, DONT BUY INTO THE FUD. + + +This can be manipulated to no end, not having easy access to the current price and you’ll be out of your position of sheer emotion. Brilliant plan on their part, but DONT BUY INTO IT. +so i noticed the performance on my 401k is really low, like 2% ytd. But i have the exact same funds in my rollover account and the performance averages around 10%. So after researching- I discovered i am paying fees constantly- like every 2 weeks for every fund. Basically its costing me all my gains. Argh! +i am 51 & independent so i have been saving the absolute max i can afford into this 401k. currently it is worth 123k and i contribute about 500 a week. I have no employer match. Is this a big mistake? +Will i continue to pay these advisor and trustee fees even if i stop contributing? +Should i borrow 100k out and invest it elsewhere? +I also have a roll over account, roth ira and brokerage account worth about 110k. +Any advice would be greatly appreciated! I am totally self taught when it comes to finance and almost all my holdings are in Vanguard index funds and low expense mutual funds. I am also starting to research and buy dividend stocks - about 5k total + +Update: BIG thanks for all the suggestions and advice. I appreciate all the different points of view. +I am def. going to discuss with my employer. Its a really small family owned business. there is no HR department . hopefully they'll make some changes. I am thinking i will drop my contribution from 18% of my pay to 5%. Use after tax money to max out my roth IRA and keep investing on my own. My retirement accounts are not super impressive I know, but I have paid off my home which was a huge goal for me. + +Update 2: +I paid 163$ in fees for the month of October +I am not EU citizen, living in Germany and using DEGIRO Ireland website for investing. (Since Germany version doesn’t have English support) + +During the last year, I have received dividends from both my ETF and stock (Apple) investments. Regarding to these dividends I have some questions: + +1. I have to declare my capital incomes. So I will declare them in my tax return. The question is that Degiro automatically deducted Dividend Tax for stocks’ dividends. Do I have to declare that income too in my tax return? + +2. How does DEGIRO pay the dividend tax behalf of me? When I calculate, I see that the dividend tax is 15% but as far as I know it is 25% in Germany. So something should be wrong. + +3. For the last quarter of the last year, I still didn’t receive the dividends for ETFs. They are in Upcoming Dividends section. Should I declare them now, with my 2018 tax return, or 2019 tax return? + + +I'm a US citizen and have been living and working in Spain for a few years, not under the Beckham law. Investing here means dealing with the headaches of PFICs/FATCA/FBAR, which I've been researching. + +I have a few questions: + +* What tax implications would a mortgage in Spain have for both countries? +* The overall best approach seems to be US-based ETFs. I'm also taking the FTC to contribute to a Roth IRA. Does that sound reasonable? +* Any recommendations on how to find a professional advisor who understands US taxation in Spain? + +Thank you in advance for any help or resources you can provide! +Hello. + +I am English speaking expat living in Austria, and wanna invest my money in ETFs. I have chosen Flatex as my broker, since they do taxes automatically, however, it seems they currently have problems with registration of new users as they are not responding to mails, and identification process is problematic (had to do it twice). + +Since I already have Degiro account, I was wondering how much trouble is doing taxes by yourself, instead automatically by broker like Flatex? + +Also, is this necessary to do every year, even if you didn't take money from broker, or only in a year when you take money (lets say after 20 years)? + +Thank you. +Hello! This situation may sound messy so I will try to describe it simply and with a good level of detail: + +* I'm a Portuguese citizen, 18 years old. I live in Moscow with my 23 year old girlfriend. We both work in Digital Marketing-related fields. She's a Russian citizen. +* She earns around 1600 USD (after tax) and I earn 800 USD (after tax). However, this is the beginning of our careers. I believe that in around 3 months my salary will be around 1100 USD. Hers should also increase quickly. We get paid in Russian Rubles. We share all expenses accordingly to our salaries. +* I have a GED and she has a bachelor's degree. +* I plan to change my career to web development in the future, so I study it part-time. +* We've been together for 2 years and lived in 3 different countries together. We plan on getting married and we'd like to start investing ASAP. +* We have no debt. + +From what I read, it seems like it'd be a good idea to invest in Dutch-based ETFs. Right now, we could comfortably save around 800 USD per month, which should be around around 9k per year. As far as I understand, it'd give us an annual return of 450 USD, but I haven't calculated the fees. + +As our salaries increase, we'd like to keep increasing the amount we save. + +I'd like to hear your guys advises/tips. Especially regarding ETFs, brokers, Taxation, and which bank accounts (regarding the country) we should use. As I view it it'd be best to use a Portuguese based bank account, transfer our savings there and from there invest. + +Any help is appreciated! + +Thank you! +Hi all, + +I start by saying that I don't understand bonds very much, and so far I only find confusing and apparently contradicting information. Like many others, I own VWCE, but I'm also interested in understanding well diversified government bonds ETFs and it advantages/disadvantages with respect to holding cash. + +Many people in this forum recommend global government bond etfs, such as +xtrackers DBZB (euro hedge, ACC) + +and I am comparing returns with eurozone government bond etfs, such as +xtrackers DBXN (ACC) +vanguard VGEA (ACC). This one is too new, but tracks almost equally the DBXN one, so I leave it out for this comparison. + +If I compare the long term, maximum periods (October 2008 until today), the eurozone DBXN grew by 71% (5.91% annual average) while the global DBZB grew by 46% (3.83% annual average). + +Can this difference be explained just by higher risk on the eurozone one (less diversified), or should I understand it more in terms of EU politics? Are costs of currency hedging so important for this comparison? What is your justification/opinion about owning (currency hedged) global gov bond fund vs a more local one (US, EU, etc)? + +And most important of all, why the common current opinion is that it is not worth owning well diversified gov bond etf for a european investor, that it is currently yielding negative returns, and that one can be better off by holding cash in the bank? + +Cheers! +Generally speaking, personal income tax in EU is considerably higher than rest of the world. But how high is it exactly? And can this help someone with geo-arbitrage strategy? + +**8 countries have been compared** + +- France, Germany, Netherlands, Spain, Sweden, UK +- Singapore and the US. Notably, Singapore has a similar universal healthcare system not different to the EU. + +To run this exercise, I took the following parameters: + +- 4 income levels: €36.000 (average), €48.000 (slightly above average), €60.000 (above average) and €96.000 (high-income). + +- Note that these income levels may affect differently: 60.000 would take you way farther in Madrid than in London. Nonetheless, hope it helps in drawing a comparable picture for a majority of salaries professionals. + +- Applicable to: single person, unmarried, no dependents, no deductions, no Church tax etc. YMMV but again, take this data-set as a yardstick than a gospel. + +- All figures in Euro. Other currencies have been converted into today's exchange rate (11 Nov) for reference. + +____________ + + +**€36000** + +Check out how overall taxation applicable varies across different countries: **[36k](https://imgur.com/vz12XFZ)** + + + +Country| FR| DE| NL | ES | SW| UK| SGD | USA +---|---|----|----|----|----|----|----|---- +€36k post-tax| 25,4| 22,7 | 22,1 | 26,7 | 18,3 | 28,4 | 27,8 | 29,5 + +*all figures in thousands, EUR* + +**€48000** + +Check out how overall taxation applicable varies across different countries: **[48k](https://imgur.com/R9kmm88)** + +Country| FR| DE| NL | ES | SW| UK| SGD | USA +---|---|----|----|----|----|----|----|---- +€48k post-tax | 32,7| 28,5 | 29,3 | 34,3 | 24 | 36,5 | 36,7 | 38,2 + +*all figures in thousands, EUR* + + +**€60000** + +Check out how overall taxation applicable varies across different countries: **[60k](https://imgur.com/KEQ6q2d)** + +Country| FR| DE| NL | ES | SW| UK| SGD | USA +---|---|----|----|----|----|----|----|---- +€60k post-tax| 39,7 | 34,1 | 36,3 | 41,9 | 29 | 44,1 | 47,4 | 45,5 + +*all figures in thousands, EUR* + +**€96000** + +Check out how overall taxation applicable varies across different countries: **[96k](https://imgur.com/AOp5yWV)** + +Country| FR| DE| NL | ES | SW| UK| SGD | USA +---|---|----|----|----|----|----|----|---- +€96k post-tax | 60,3 | 51,4 | 54,6 | 62,3 | 43,7 | 65 | 78,7 | 67,3 + +*all figures in thousands, EUR* + + +___________ + +**Findings:** + +- Interesting observations for me were the exorbitantly high income tax rate in Sweden and even Germany. Compare this with other countries like the NL and FR, that also have equivalent HDI and quality of living, taxation level is very high in both Germany and Sweden. + +- UK comes out well ahead in the EU as one of the countries with highly competitive personal income tax, quality of living, and arguably potential for earning high income as well. + +- While most countries taxation levels are progressive, Singapore is an outlier given its overall tax % drops after 48k. + + +What do you think of above? I would love to hear your comments and thoughts and generate a fruitful discussion. + + +**Edit:** As pointed out in several comments, data is not completely accurate - please take it with a grain of salt. Appreciate any constructive feedback. +Lurker here since a while, posting on a throwaway. + +So I came into a neat bit of cash recently (just north of €300k net) and I'm working on planning my time horizons and placements. I had initially thought that the largest chunk would be reserved for buying a flat in the next few years (with smaller chunks for long-term savings and short-term liquidity). The sum would be enough right now to get me a modest flat for myself. + +I've always thought that a flat would be worthwhile just from the finances alone, once you had the cash for it, and presuming you stuck around in it for a couple of years. I currently live in Sweden but have lived in other EU countries before, and am not necessarily planning on staying in Sweden for the long term. + +So I just ran some numbers for cost of housing in Sweden and, as far as I can tell, it is quite difficult to break even living in an owned apartment versus renting and investing the money. It seems that unless you make some fairly generous assumptions and look at living in the same apartment for a long time, buying an apartment to live in will always cost more. If that's the case, I think I could put off buying a flat for a few more years than I initially planned, which would change my allocation a bit. + +What does it look like in other European cities – in France or Germany? Under what conditions does it pay off to rent, and when does it pay off to buy outright? If I have a stable income and interest in buying a place, would it make more sense to take a mortgage than to use the free capital? +**Chapter 1: General** + +> I am young and have some moneyz, I want to see some gainz, how to get them? + +By [investing](http://www.investopedia.com/university/beginner/). Everything where you put money in and get some money out periodically is called investing. Loan a dollar to your friend and expect 3$ in return? Investing! Buy a money printing machine? Investing! + +> Ok, but how do I get the *most* gainz? + +By calculating your [ROI](http://www.investopedia.com/terms/r/returnoninvestment.asp). For instance: installing sun panels in Spain could turn out to net you 20% ROI. Buying a house could net you -100% or 500%. The stock market could net you -2000%. + + +> Ok, but how do I get the *most* gainz, without any work? + +The most you can expect from passive investing is around 8%, by investing in companies.(That is, if you don't screw anything up). + +* [Learn how the stock market works] (http://www.investopedia.com/university/stocks/stocks3.asp) +* [Decide that stocks are too much work and learn what index fudns are] (http://www.investopedia.com/terms/i/indexfund.asp) +* [Decide that index funds are too much work, and learn what ETF's are] (http://www.investopedia.com/terms/e/etf.asp) + + +**Chapter 2: Brocker** +> Oooh boy that sounds like my thing! How do I start? + +By picking a [brockerage](https://en.wikipedia.org/wiki/Brokerage_firm) to trade your ETF's for you. What criteria are you looking for? + +* Operating on as many exchanges as possible. Say you are living in [C]. You pick your local bank, the great oh mighty bank of [C], which operates on the oh so great [C] stock exchange. Replace [C] with say Slovenia, and you are out of luck, because no ETF is traded on the "Slovenian Exchange". +* **No % account management fee**. Look for fixed € fee, no more then 10€/month +* Low transaction fees. Every time you buy some shares of an ETF, there will be a fee. Say you intend to buy ETF's in chunks of 1500€. You obviously want to minimize your fees, so you will pick a bank with 0.5% fee, rather then a fixes 10€ one. + +> Can you not just tell me which brockerage to choose? +[Interaktive Brockers](https://www.interactivebrokers.com/en/home.php) + + + + +**Chapter 3: Indexes** + +> Ok I have my account, what now? + +Choose an index, which the ETF tracks! + +> How? + +* Option one (Your country): Google: '[C] index'. For instance for Spain that would be "IBEX 35" and "MSCI Spain". The Americans passive investors dump their money in either S&P or the Dow. The difference is that America is a country with **very** huge and diverse economy, whereas Spain, isn't. What does that mean? It means that if a factory explodes in Spain, you will loose 50% of your net worth. + +* Option two (Diversification): Look for indexes that contain many companies from many different countries. Look for instance [MSCI World](https://www.msci.com/resources/factsheets/index_fact_sheet/msci-world-index.pdf) or [MSCI Europe](https://www.msci.com/resources/factsheets/index_fact_sheet/msci-europe-index.pdf). + +* Option three ([Value investing](http://www.investopedia.com/terms/v/valueinvesting.asp)): Some people, notably [Shiller](https://en.wikipedia.org/wiki/Robert_J._Shiller), [Buffet](https://en.wikipedia.org/wiki/Warren_Buffett) and others, believe that economies future returns (and therefore the indexes that represent them) can be measured. If that's your thing google [stock market valuations](http://www.starcapital.de/research/stockmarketvaluation) and just buy the cheapest ones. It can be any worse then random right? (Answer: it can) + + + +**Chapter 4: ETF and Providers** +> Ok, I picked an 'index'. It tracks gold! I'm totally crazy about it! + +No! Bad newbie! That's speculating. See how we defined investing: Buying something that generates money. Gold doesn't generate shit. Companies generate money, go back and pick an equity index. + +> Ok I picked myself one. Now what? + +Find a provider that provides an ETF that tracks this index. The ones with the most offered ETF's in Europe are (in no specific order): + +* [Deutche Bank](https://etf.deutscheawm.com/GLOBAL/ENG/Entry) +* [Lyxor](http://www.lyxoretf.de/germany/de/retail/etffinder/equity) +* [Amundi](http://www.amundietf.co.uk/retail/products) +* [Commerzbank](http://www2.comstage.commerzbank.com/News/News.aspx?c=401) +* [iShares](http://www.ishares.com/uk/individual/en/products/) +* [Source](https://www.sourceetf.com/de/products) +* [SPDR](https://www.spdrseurope.com/) +* [UBS](https://www.ubs.com/se/en.html) +* [HSBC](http://www.etf.hsbc.com/etf/) + +> Ok ok good I found 10! How do I choose between them? + +These are the most important characteristics: + +* TER. That's the annual fee you pay to the fund and etf managers. You should keep it below *0.50%*. Most providers (Deutsche Bank) offset the fee by lending your stocks, so you look at something like TER - Equity Lending Return as a final price. + +* Dividend Redistribution: This is to say: should the earnings of the companies be given to you, or invested back in the company? You want it invested back. That's called *capitalizing*. The other option is called *distributing* and [it's bad for you](http://www.investopedia.com/terms/d/double_taxation.asp). + +> but how do I make money then? + +When you reinvest the money in the company, its earnings increase, therefore its worth more. Selling it nets you [Capital Gains](http://www.investopedia.com/terms/c/capitalgain.asp) + +* Domicile: Remember double taxation? It's actually triple taxation, since your dividends/capital gains are taxed both by the country of domicile and your home country. That's why there are [Tax Treaties](https://en.wikipedia.org/wiki/Tax_treaty). Look for the treaty between your country and the country of domicile in order to see what's taxes where. In general the most favorable taxes are in *Ireland* and *Luxembourg*, so most ETF's will be domiciled there. + + + +**Chapter 5: Buying** +> I found this cool ETF and I'm ready to buy it, what now? + +Go to the your brockerage account, search for the ETF by symbol there. *Make sure to buy it from the current exchange*. For instance if you live in Germany, don't buy the fund from the London Stock Exchange as it will be in GBP and you will introduce unnecessary currency risk. + +> ..em there's this which says LMT or MRKT. What do I click? + +[What the fuck dude, don't you have google?](https://en.wikipedia.org/wiki/Order_%28exchange%29) + + +**Chapter 4: Holding** + +> OH MY GOD OH MY GOD I LOST around 50€ WHAT DO I DO? + +Nothing, that's the point of doing nothing. This glamorous strategy only works if you don't do anything for at least 10years. If you think, even doubt that you will need the money before that, it's not the solution! +For investors in the Czech Republic (aka Czechia) I just want to ask: + +\- How do you do your investing? + +\- Has anyone gone through a broker such as Partners? + +\- If you try to "go it alone", how easy is it? + +I'm a bit hesitant to trust these apps like Degiro... +I’m new too investing and I’m trying to learn and understand as much as possible. My goal is to invest small amount monthly for 25-30 years for retirement. I’m looking to invest mainly in ETF, no speculation, maybe 70/30 shares/bonds ration, accumulating only. Hopefully a 8% avg return over the years + +Given above strategy. Should I: +- use multiple brokers +- use multiple issuers (buy SPY tracking etfs from multiple issuers) + +What I’m trying to understand is: how can I protect myself from a broker going bankrupt or an issuer going bankrupt. I have heared of people losing their entire life savings by ill intended fund managers. + +This my also sound stupid but bear with me and point me in the right direction: + +I’m currently using Interactive Brokers, ok fees, 40 years history. What if tomorrow the site doesn’t work anymore, I know, weird scenario. Should I get some paper trail or electronic documents to prove that I haven (or the broker has in my name) invested ina fund? +Hello, I am based in NL. I have a Degiro NL account with options enabled. I only hold long positions (on Amsterdam stocks, some European stocks, US stocks; European options, Some ETFs). I started noticing that Degiro makes some margin calculation, my total account value is much lower (around 70%) of my total portfolio value, and my EUR balance is constantly showing negative. All my money in degiro is invested (long positions only), yet I see my Vrije Ruimte to fluctuate between negative and positive based on market conditions. None of the numbers in my account summary match with different combinations of holdings in my account. + +I saw some document on their website for risk calculation on margin accounts, currency risk, sector risk, etc having different percentages, but I don’t understand the reasoning, if all my positions are long and I am not using any debt why I am seeing this? + +Thanks +Lurker here since a while, posting on a throwaway. + +So I came into a neat bit of cash recently (just north of €300k net) and I'm working on planning my time horizons and placements. I had initially thought that the largest chunk would be reserved for buying a flat in the next few years (with smaller chunks for long-term savings and short-term liquidity). The sum would be enough right now to get me a modest flat for myself. + +I've always thought that a flat would be worthwhile just from the finances alone, once you had the cash for it, and presuming you stuck around in it for a couple of years. I currently live in Sweden but have lived in other EU countries before, and am not necessarily planning on staying in Sweden for the long term. + +So I just ran some numbers for cost of housing in Sweden and, as far as I can tell, it is quite difficult to break even living in an owned apartment versus renting and investing the money. It seems that unless you make some fairly generous assumptions and look at living in the same apartment for a long time, buying an apartment to live in will always cost more. If that's the case, I think I could put off buying a flat for a few more years than I initially planned, which would change my allocation a bit. + +What does it look like in other European cities – in France or Germany? Under what conditions does it pay off to rent, and when does it pay off to buy outright? If I have a stable income and interest in buying a place, would it make more sense to take a mortgage than to use the free capital? +I am newbie to Trading and wanting to get started. I am looking for some reliable yet inexpensive platform for trading. I'm from Finland and may wish to trade in US and EU market. I came across two platforms Degiro and revoult. Is there anyone who could help shed some more light which one is good? +Hi guys, here's my situation: I'm an Italian citizen, living and working in Austria. I only pay taxes here, as I don't have any income or property in Italy. I've recently tried to open a trading account at Trade Republic and handed in my ID documents. Now they emailed me saying that they also need my Italian tax ID (codice fiscale). I was hesitant to give it to them, and told them that I only need to pay taxes on Austria, to which they responded: +"Because of regulatory reasons we can only use the Italian codice fiscale for transaction reporting.(...) According to MIFID II-Regulations we need the respective ID for all trades." + +So my question is: Is this a valid request from them? Has anyone experienced this before? +I would really like to prevent having to pay taxes twice or other cross-country tax issues. +Hi, I am a UK citizen who has had to take very early retirement due to ill health at the age of 42. I have a reduced early pension due to this. I am eligible for the Portuguese Non-Habitual Resident scheme whereby if I become tax-resident in Portugal I will be able to receive my foreign pension income with 0% income tax for 10 years. This also allows me to receive UK dividends tax-free but capital gains on investments would be taxable at the Portuguese rate of 28%. I am looking for advice on how best to structure my investments in this context. Currently my savings are almost all in stocks and shares, including an ISA containing index-linked Vanguard funds and a general investment account with Freetrade containing a self-selected portfolio of UK & US stocks. I am thinking it may be wise to use the ISA funds, which I have held for longest, to purchase a new home in Portugal so that I will not be liable for 28% capital gains tax on them after I become a Portuguese tax resident. Beyond this, I am not sure what to do with any remaining investments - which may include a sizable chunk of money from the sale of my existing home in Scotland. Should I invest in high-dividend UK stocks so that I can benefit from the tax-free dividend income? What is the nearest equivalent to an ISA for a Portuguese tax-resident? Should I consider an offshore investment bond? I have read about setting up a company in Cyprus to hold stocks, from which I would receive all income as dividends and thus tax-free under the NHR scheme. Or should I simply be grateful to be able to receive my pension with 0% income tax and accept that I will be paying 28% tax on any capital gains on stock market investments? Thanks in advance for any advice! +Hi everyone, + + + +I'm 31M, just moved to the Netherlands recently and have about 60k Euro (40k invested in stocks - VWCE, about 20k cash). The stocks are still held in my UK broker account, I did not get to open a Dutch account yet in order to transfer everything over. I kept a larger cash position because of my relocation and in order to be more flexible with any upcoming uncertainty. + + + + +The plan is to figure out my monthly budget, keep 3-6 months expenses as an emergency fund and then just throw everything I have into stocks, increasing my position each month. + + + +I fall under the 30% ruling so for the next 5 years I'm paying less tax which is great but here is my questions: + + + + +Does anyone know how the box3 tax bracket and the 30% ruling interact and apply for an expat? As far as I understand, I can just invest in my accumulating ETF and will not have to pay any tax under box 3 but do I have to actually do something to get this exemption or does it apply automatically? I am already in the process of receiving the 30% ruling. + + + + + +In addition, is there any place you would recommend for Dutch personal finance/ FIRE talks? The Dutch Fire sub unfortunately is in Dutch and I only speak English, would appreciate any recommendations. + + + + +Thank you! +Hi all, I'm an EU resident, living and working in Germany. + +Recently, I have been looking into opening Riester Rente as a tax-savings measure. + +Based on my understanding of the articles [here](https://www.sueddeutsche.de/geld/foerdermodell-riester-ente-1.2878069) and [here](https://www.hannoversche.de/wissenswert/riester-ruerup), yearly contributions fall into "special expenses" and are as such tax deductible. + +Additionally, there's a free allowance from the government every year: 175 EUR base + 300 EUR per child. + +I heard that the Riester Rente got a lot of bad press, but I was still wondering if anyone has looked into getting it as a way to reduce tax? + +Is it worth it for the tax savings? + +Thanks! +I have around 20k euros in my emergency fund in RON (Romanian currency, since I live in Romania) in a savings account. My question is, does it make sense to have this in Euro instead? + +The biggest reason I've kept it in RON so far is that in this country very few banks offer saving accounts in Euros, in fact, most accounts that are non-RON have a 2 EUR/month fee. So essentially with my current bank, ING, I'd be losing money every month just for having it in Euro. + +Any thoughts? +I work as self-enployed programmer in Lithuania, not as a freelancer but more like a contractor, so all the income comes from abroad and then I do all the accounting. +Back in the days Revolut wasn't tracked by our goverment and you could literally receive money on revolut and file only small portions of income and keep major part of the money. But they changed that. +Technically can they track foreign bank account, if they are still in EU ofc. For example if I open an account in some Polish bank. Has anyone had similar experience and can share? + +Edit: +As far as I understand messing with taxes and avoiding them is more of a butthurt than opening a business + additional risks to get fined. Thank you folks for your answers and shared knowledge 🙏 +I finally took the plunge this year and opened an investing account (at Degiro). I'm absolutely not interested in actively buying or selling stocks, so my goal is to find a nice safe ETF where I can put money on a monthly basis. I finally settled on Vanguard and bought a number of shares in their S&P 500 etf to get my toes wet, since I've heard that's a good one for beginners. + +But now I've also learned about the FTSE all-world they've got, and that some are saying it's better than the S&P one. But from what I've been able to find, the S&P one seems to deliver better, and it costs less. + +So now I'm a bit confused as to which is better. +Hello! Perhaps somebody could help me with that: + +I live in Belgium and have a Degiro account. 30% of my dividends gains goes for taxes. However, in my dividend history I see that Degiro converts the dividends gains in dollars into another list of numbers, also in dollars under the 'total FM value' tab. + +Some of these numbers are a lot smaller than what they're supposed to be. + +For example, an FL 0.40$ dividend was converted into 0.24$. That's a huge difference (AUTOFX shouldn't have such a large fee). + +It's not the taxes for the state, as the taxes are on a separate line. + +Does somebody know what causes this? +What makes you think bitcoin isnt just a fad, that say, its going to become more popular in the future and not continue its downtrend? What gives you confidence? + +Peter Schiff has argued that its just a fad. That people will become bored of it eventually, and abandon it. +What the hell is this "I lost my Bitcoin in a boating accident" idea you guys keep talking about? + +How the hell does faking your loss help when the government can still track your *"lost"* bitcoin on the blockchain while you spend it on anything? + +Just because you declare your KYC coins as lost does not mean that the tax man can't trace your transactions!!! +I was thinking about this whole Dust discussion and this would be a nice little game next to all the other crypto emotions. I don't really care that much about my dust as it's not a lot compared to the volatile market out there. But all added together it could be a pretty big amount of money which could be sold out to a lucky winner each month/end of week/whatever fits best. +#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 Tolerance™!<, >!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! +The period HMRC is claiming that they owe is between 2018-2021. All fines for not claiming self assessment. My partner hasn’t been self employed for the last 8-9 years, so 100% they shouldn’t be filing self assessment during that time. + +On their HMRC PAYE online account there is a ‘NON CODED INCOME’ that has £2 in it. We have no idea what that is. + +We think this could have been triggered by applying for the work from home covid tax relief - which I filled out and was absolutely fine. My partner and I have the same wage and circumstances of working from home so I don’t know why this has happened for him. He filled out the form same as me. + +Also this is the first he’s heard from them about this. He���s had no previous emails or letter and nothing shows up on his account that he owes this + +Any advice would be great, the phone lines are closed today and we’re so worried. + +**UPDATE - IT'S BEEN SORTED! I thought I'd post an update if this is useful for someone in the future.** + +**My partner called HMRC and after two call attempts (first one disconnected - typical) and after few hours, he finally got ahold of someone who went through his last return and found the part where he declared his final self employed date - the date where he chose to cease self-employment. We don't know why it happened but it was entirely HMRC's fault.** +Now that STOR is about to be gone <sniff, sniff>, what's a good REIT to replace it, with a yield above 5%? + +I know there's more to a REIT analysis than this, but STOR had a 5-year CAGR (with dividends reinvested) of about 7.8%. With $10K invested, you would have collected dividends totalling $3341 over the 5 years, meaning it had a yield of about 6.7%. + +DEA's CAGR was 3.1% over the last 5 years, and you would have collected $3304 on your $10K, for a 6.6% yield. Not bad. DEA is no STOR, but it's definitely not bad at all. I'd be happy to shift my STOR to DEA, but has anything got anything better in terms of CAGR? + +I know about and already own O, STAG, VICI, and WPC. I'm looking for a REIT **above 5%**. What else is out there in REIT world like STOR? +With the fed rising the interest rate, does it make sense to invest in a US treasuries / bonds tracking ETF, like e.g. this one: [https://etf.dws.com/de-de/LU0429459356-us-treasuries-ucits-etf-1d/](https://etf.dws.com/de-de/LU0429459356-us-treasuries-ucits-etf-1d/) (ISIN: LU0429459356). Overall, the value doesn't really go anywhere (neither up or down). But the dividends from it should cover a part of inflation. + +Is this something to use when you are very risk averse and still don't want to lose out completely on inflation and might need your invested money? I understand that other ETFs provide way better value for money, but those can experience pretty hefty downturns in times of crisis (like, bigger than 10%) for more than a year. + +Assume I have 10k "semi-expendable" money sitting on the side: Is this a place to look at? The money might be needed in a year, or maybe in 5 - I can't tell right now. + +Hope this question fits the theme of the sub. +Just curious what others opinions are on this … I have been an investor for about 15 years now, I'm in my mid 30's, I've done growth investments, Crypto, Real estate , Penny stocks, even weird things like vintage video games, but my current kick is Dividend Stocks, specifically covered call ETFs like SCHD/DIVO/JEPI. + +I currently have about 250K spread out across all 3 of these ETFs in a standard brokerage, my regular ROTH IRA/401ks are just straight SP500 mutual funds. + +I know that things like SCHD obviously trounce JEPI in the long run, but I am also an psychological investor who prioritizes feel good things over what would produce the greatest possible total return or end result, as as example I paid off a 30 year Mortgage @ 3.5% in under 7 years simply because I get feel good feelings of not owing money to anyone, **these same feelings** trigger when I get monthly dividend hits from JEPI. + +**Is there an argument to be made for JEPI if someone already has a large cash pile , say over half a million dollars (700K+) ready to go who only really cares about the large monthly payouts and is completely fine with a very small growth rate of the initial capital itself?** + +Its probably a good mix of stupidity/impatience, but I really don't care much about unrealized gains of SCHD compounding every quarter, what keeps me going and keeps me **WANTING** to invest continuously is seeing the monthly income hitting my investment account. I feel this is a stronger motivating factor for me than trying to make it to 60 and see a massive pile of money after most of my life is already gone. + +It's not so much about wanting to reach FIRE, I love my job/career, and want to continue working probably into my 50s, but I want the OPTION to FIRE, knowing I could leave at any second and still be okay. The OPTION to FIRE is more important to me in my head than FIRE'ing itself, if that makes any sense. + +I should also note I do plan on using portions of JEPI payouts/other income to continuously buy more JEPI, I am also fully aware of the tax treatment of JEPI in a standard account and I'm fine with this. + +How do you all feel about this? +Do you think I should begin dividend investing now at 23 or wait until I get closer to retirement and have more of portfolio built up? I have seen that some say it’s better to be a little more risky at my age and then begin dividend investing once my portfolio is built and when I’m at an age where I cannot take on as much risk. Let me know what you all think. Thanks! +I'm having trouble finding good dividend stocks at fair value. I understand market is overpriced at the moment but would like to know your stategy. + +I have had some luck in the past with growth stocks ( most recent QTWO yield 430% return) and bad luck with wrong analysis ( lost 60% on ATEN). + +According to my analysis, some of the current value dividend stocks at or below fair value are + +WBA + +ATT + +INTC- bought it few days ago + +MET + +It looks like everyone is buying up at market value or my calculations are very conservative. +Yo! Hi 👋 After spending about six months in this sub I’m really starting to think there are two trains of thought—ETF route or individual stock route. It’s starting to get slightly challenging because as an individual stock investor the answer is always “ADD SCHD, VOO, VTI” etc. that to me seems more like a Bogglehead approach. Help me understand! +Hey guys, + +My first post here (I think?) + +I'm sure many people on this sub are some what attracted to monthly dividend paying stocks. So I thought, since different stocks pay out dividends on different months, what if we bought just the right ones so that we're getting a dividend payment from *somewhere*, every month. + +After all, if we have total monthly expenses of, let's say...$2,000, then it'd be sweet if we somehow earned $2,000 per month in dividend payments to cover that, wouldn't it? + +So we can build a portfolio of stocks with staggering monthly dividend payments in order to achieve this $2,000 per month. + +**So Here's What I Did:** + +To start building this portfolio, my main criteria was that it should be a strong solid stock from stable, mature companies. + +I decided to look at [VDIGX](https://investor.vanguard.com/mutual-funds/profile/VDIGX) since it's the Vanguard Dividend Growth fund. + +From here, I picked out the top 25 performing stocks (which I've written about [here](https://www.financeoholic.com/dividends/dividend-stocks-portfolio/)) over the last decade and decided to build a portfolio containing just these stocks. Now I had to figure out how many of each of these stocks I should buy in order to have a consistent monthly dividend payment. This became a basic Optimization problem, which Excel can handle pretty easily. + +To do this, I created a schedule of all the dividend payments by month. This was done by creating a table in Excel. With this table, I ran Excel Solver and it spit out the number of shares I would have to buy of each stock from the Top 25 stocks of VDIGX. + +The resulting spreadsheet looked like this: + +&#x200B; + +https://i.redd.it/x3ss461aj8b21.jpg + +I'm still fairly a beginner using Excel Solver and identifying constraints. So if anyone knows of more tricks out there, I'm open to listen. My spreadsheet can be downloaded here if you want to play around with the table: + +[https://www.financeoholic.com/wp-content/uploads/2019/01/Monthly-Dividend-Portfolio-Financeoholic-v1.0.xlsx](https://www.financeoholic.com/wp-content/uploads/2019/01/Monthly-Dividend-Portfolio-Financeoholic-v1.0.xlsx) + +&#x200B; + +My complete post on making a [monthly dividend portfolio](https://www.financeoholic.com/dividends/monthly-dividend-portfolio/) is here if anyone wants the full read. +Just curious what others opinions are on this … I have been an investor for about 15 years now, I'm in my mid 30's, I've done growth investments, Crypto, Real estate , Penny stocks, even weird things like vintage video games, but my current kick is Dividend Stocks, specifically covered call ETFs like SCHD/DIVO/JEPI. + +I currently have about 250K spread out across all 3 of these ETFs in a standard brokerage, my regular ROTH IRA/401ks are just straight SP500 mutual funds. + +I know that things like SCHD obviously trounce JEPI in the long run, but I am also an psychological investor who prioritizes feel good things over what would produce the greatest possible total return or end result, as as example I paid off a 30 year Mortgage @ 3.5% in under 7 years simply because I get feel good feelings of not owing money to anyone, **these same feelings** trigger when I get monthly dividend hits from JEPI. + +**Is there an argument to be made for JEPI if someone already has a large cash pile , say over half a million dollars (700K+) ready to go who only really cares about the large monthly payouts and is completely fine with a very small growth rate of the initial capital itself?** + +Its probably a good mix of stupidity/impatience, but I really don't care much about unrealized gains of SCHD compounding every quarter, what keeps me going and keeps me **WANTING** to invest continuously is seeing the monthly income hitting my investment account. I feel this is a stronger motivating factor for me than trying to make it to 60 and see a massive pile of money after most of my life is already gone. + +It's not so much about wanting to reach FIRE, I love my job/career, and want to continue working probably into my 50s, but I want the OPTION to FIRE, knowing I could leave at any second and still be okay. The OPTION to FIRE is more important to me in my head than FIRE'ing itself, if that makes any sense. + +I should also note I do plan on using portions of JEPI payouts/other income to continuously buy more JEPI, I am also fully aware of the tax treatment of JEPI in a standard account and I'm fine with this. + +How do you all feel about this? +I’m really excited about the idea of making enough in dividends to pay some living expenses or regular bills. But I’m 43. It feels like it’s too late to start. I’d like to enjoy the perks BEFORE I’m too old to enjoy it. +Saw a post claiming otherwise, but modern life suggests the opposite: doctors specialize, lawyers specialize, dividend investors specialize, even Warren Buffet specializes (aka his "circle of competence"). + +And it's true that *adjusting to changing market conditions* is a good general advice and I interpret this to mean, "take caution", but said poster was advising one to increase the tools in his toolbox, i.e. trading *different securities, strategies, and time-frames* as if commodity/futures/equity/bond traders care to or even should cross-train which is akin to asking a dermatologist to also specialize in neurology and surgery. + +Well, here's N = 1, it is 1 nonetheless: + +In **"bullish" 2021**: I sold weekly naked PUTs at 0.06 Delta for 5 months ending with a 10% gain or $720. Also sold weekly CSPs at 0.11 Delta for 7 months ending with a 15% or $6K. + +Now in **"bearish" 2022 YTD**: naked PUT account is up $290 and CSP account is up $1250, multiply each by 6 (2mo x 6 = 12 mo), I'm on track for $1700 and $7500 gain by EOY, respectively. + +Tl;dr: as long as I continue to sell my 0.06-0.11 Deltas, i.e. being a *one-trick pony*, regardless of market conditions, I will continue to maintain my 100% win rate. +I use Facebook to get gigs for my services sometimes. A Fortnite ago, while scrolling through a job group on Facebook. I found somebody in need of a gig I offered. I chatted him up, and we agreed on a fixed amount. I asked him that we use an escrow service or at least pay an upfront amount for the payment. + +He begged me profusely, saying the works for an HR and they only pay at the end of each month. I declined the job, but he went ahead to sign a contract with me, and I trusted him. + +This job took a lot of my time as I had to decline some other gigs to concentrate on this one. It was meant to be a continuous contract, so I thought it would be worth it in the long run. + +Yesterday, after completing a milestone in the job, he blocked me off Telegram( that's where we deal majorly) and Facebook and I've been able to access him since. Later found out the information about the company name, and all ended up being falsified + +The job was for $500. I feel cheated, used and exhausted as I already had plans for the money. Now I'm back to scratch. + + +Edit; I appreciate your attention to my post. The concern, advice, criticism are all taken in good faith. I shared this so that others will not fall victim to unpaid labour. + +Whatever step I take, I'll come back here and update you all. Thank you +I never could have justified spending almost a hundred dollars on a kitchen "gadget." However, my father-in-law gifted one to me on my birthday a few months ago, and I think that it is really helping with the budget! + +Not only does it cost a lot less to run the electricity to the air fryer for a few minutes than what it would to wait for the gas oven to preheat and then keep it on long enough to cook, but I find that we are wasting less food. + +For example, my husband asked for potato salad today. He does not like potato salad with the skin on, so usually I would throw all of those potato skins away. +Instead, I threw them in the air fryer with a little salt/pepper, and the kids absolutely loved them! Not only did it keep me from wasting the potato skins, it also saved me from buying frozen fries. (I know that frozen fries are junk food. We like them though. *shrug*) + +I know that an air fryer is quite the splurge, but if you have been on the fence about buying one and you happen to find a good deal, I highly recommend them! +Hey Gentlemen! + +We had ourselves some (minor) red candles today. Generally, these are accompanied by cries of "What idiots! Thanks weak hands for selling me your Eth!" A lot of people see a red candle in a bull market and think that whoever just sold must be soft in the head. Who would want a lower price? Let's break it down.. + +**First, someone sells every time someone buys.** - We all know this, but it gets forgotten. It is through this trade that we all come to an agreement as to the value of our asset. "The price was $420. Wasn't that what we agreed the other day?" +No. We didn't agree to that price at all. +The "price" just means two people made a trade of some amount of Ether at that price, not that we all agreed on that price, communally. To understand that, ask yourself how many Ether you bought at $420. How many Ether did your friends buy at $420? One person buying .01 ETH at $420 is a plot on the graph, but it's not a consensus. In fact, it was the point at which all of the buyers but one thought the price was too high. Suppose trading stopped there briefly. You see the price at $420, and let's say you own 10 ETH. Do you have $4,200 worth of Eth? Not exactly. You would find it difficult to sell 10 Eth at $420 each. But you could probably sell a ton of Eth around $350 still. + +**The true price is more than simply what one person was willing to buy/sell any amount of Eth for.** - We need to not only know the extremes, but we need to know that the community agrees. The community isn't going to unanimously agree on one exact price though, they'll be spread throughout a range. Red candles, "consolidation" and "correction" are essentially how we communally agree on the "price". + +**The further we diverge from our comfortably agreed price, the less faith we have in the spot price -** We rebuild that faith by testing both limits: What's the highest price someone is currently willing to buy at, and what's the lowest price someone is currently willing to sell at, and on the flip side how many people are there to buy or sell at those points and in between. As we test those levels, we come more and more in agreement on the new price. It's like a complicated voting system. As we become more confident on the new price, we grow more and more into agreement. + +**How we come into this agreement is important.** - This is the foundation of TA, the reason for all those lines and triangles. Certain indicators tell us how much or how quickly we are diverging from the trend, or from what is "normal". We can actually get an idea of what people feel is "normal" based on looking at the charts. *People can lie on a discussion post, but they tend to be honest with their wallets.* I can tell you that I think $500 is cheap, and may even believe myself, but until I buy at $500, I'm not really being totally honest. Looking at what we have actually traded for in the past is actually a good indicator of what we're all, communally, really thinking. +RSI, Fibonnacci levels, etc are all pointing to this information. How abnormal is this price or price movement? "Triangles" and other chart formations tell us the story of our communal "price election". You can imagine everyone being on a spectrum between optimists and pessimists, bulls or bears. The most pessimistic or skeptical people didn't make that buy at $420, and will only buy at the lowest prices, long after anyone left is willing to sell to them. The same goes for the optimists or bulls. As the price fluctuates through prices, we see where the bulls and bears get stronger and weaker, and as we come to agree on a price, we see which side is favored. +It's not a perfect art, and it's not going to over power some big piece of news or new information that will make everyone reevaluate the value of the asset, but absent those things, it can give us an insight into what our market place actually feels, and how those feelings are changing as we come into and out of agreement. + +EDIT: Formatting for readability. +I agree with this thread here: +http://np.reddit.com/r/ethereum/comments/4op537/schadenfreude_jealousy_and_the_vocal_minority/ + +This guy raised some excellent points. + +I am speaking out as a long-term ethereum holder because I believe that there is a silent majority here of holders that is being drowned out by the vocal minority of jealous haters, trolls and shorters. + +Money brings out the very worst in human nature. The bitcoin maximalists and competitors and those who missed out at the ICO are very much enjoying the suffering here. Many of them are definitely trying to bait us to make the wrong decision, in order to remove their competition and profit. + +Ethereum must do what is in the best interest of ethereum; not what is "pure" or "just" in the warped mind of a crypto purist who is scared of their bitcoin/crypto investment devaluing against ethereum. + +If the bitcoiners could have fixed the mt gox fiasco so cleanly with a fork, they would have. They didn't have that option because it went over the course of years and was too mixed up by the time it was discovered. + +So many strawmen arguments and double standard/ hypocritical arguments from those disruptive bitcoin trolls. Too many to count. Bitcoin have forked when it was in the best interest of the majority before too (when the supply was inflated 100000x overnight by some random bug). We can now fork because it is in super majority's interest. We can fork. It's in our best self-interest to fork. We should fork. + +We are not forking to save DAO holders. The reason to fork is to remove 5% of the eth supply from someone who stole that supply and views ethereum as a "shit coin". The reason to fork is to not allow a distribution of a large magnitude to a malevolent actor. The reason to fork is to protect ourselves and our future. + +The truth is that they are highly threatened by the chance that ethereum will overtake bitcoin and errode their investments. They are here pretending to care and telling us to not act in our own best interest in order to undermine us, in order to disrupt us and ultimately, in order to destroy us. + +Please miners. I urge you to ignore the concern trolls and the shorters and the crypto purists and the bitcoin maximalists. Please do not let these trolls muddy the waters. Don't let them try to create the impression that the community is divided. Please act in your own best interests and the best interests of Ethereum. Soft fork and remove the control of 5% of ether supply from the exploiter. Then we can discuss what to do at length. + +Good luck to all. Regards. + +I decided to run a short experiment for the last month or two testing out a few different strategies to mix things up. In no way did things scientifically, this was more an exercise to ease some of my recent market frustration and trade in some different new ways. + +Here are the three different strategies and how they performed over the last 60 days + +&#x200B; + +**Strategy 1 Identifying Potential Trades with Zacks #1 Rank List:** + +I used Zack's #1 rank list as my starting point and then filtered using the VGM(value, growth, momentum) score. I would sort to view only the stocks with a rating of A(broke this rule sometimes). I did this a few times and would do some DD on the few companies identified, then determine whether to make the trade or throw it on a watchlist. + +Here are a few of my positions and how they’ve done: + +09/02/22 **HLIT**: 09/02/22 - Communication/tech company sol after a few days for \~9% + +09/02/22 **BAESY**: European defense contractor that won some big contracts recently, not much movement exited down -2% + +09/13/22 **CHK**: Energy company play that was intriguing, down -8% + +08/04/2022 **ESTE**: Another energy play here, held onto this one for 2-3 weeks for a return of \~7% + +08/05/22 **HOG**: Always wanted a Harley probably why this caught my eye - exited after 5 weeks for \~10% + +08/10/2022 **PPC**: food company, down \~19%+ on this one and still holding + +08/16/2022 **SU**: Exited this one at breakeven in early oct, another energy co from Zacks + +Total Return: -3% + +&#x200B; + +**Strategy 2: Trading events with LevelFields** + +Trading on events definitely can be risky and my results here are surely biased due to the stocks & events I ended up choosing. I used LevelFields, which I like because it filters down news to the events that are significant and likely to affect share prices and separates that from all the endless news. I set it to track buybacks as well as government contracts, mass layoffs, and some other stuff. This strategy can be rough around the edges, but it’s been a unique way to find some companies to watch that I might’ve never seen. + +08/03/22 **RGA**: Health insurance co, dividend increase trade, stock jumped pretty quick, regret selling this one for 4% + +08/16/22 **CCRN:** Healthcare conglomerate, bought on news of buyback, sold a bit early here for 7% gain + +08/30/22 **FREY**: Traded battery manufacturer on day of news about a $3b contract beginning in 2025. A day or two after took profits at 4.7% + +09/07/22 **TASK**: Had been watching taskus for a while, pulled trigger on notification of a big buyback. Up \~5%+ in a few days and took some profits + +09/06/22 **COUP**: Tried another buyback play here, was able to get out \~even 0% + +9/21/22 **BA**: Bearish event but thought Boeing could rally, took loss at -8% + +9/20/22 **PLYA**: Bought this on news(buyback), fell on news, down -9% + +Total Return: +3.7% + +I enjoyed trading on events and after some early success definitely learned that you have to be careful, as it can just as easily go the other way or an event can already be priced in, or a hundred other things can go wrong. + +&#x200B; + +**Strategy 3: "Buying the Dip"** + +This strategy is somewhat of my control, and the least scientific. If I noticed the NASDAQ or S&P dropping by more than a few percent (3-5%+), I would buy the dip. I ended up exiting some of these positions but planning on keeping most and continuing to DCA, looking at each trade individually for purposes of calculating return trade by trade. + +08/22/22 **SPY**: down 9% + +08/23/22 **QQQ**: sold on slight bump, down -2% + +08/31/22 **SPY**: Positive few days after buying dip, sold some SPY pushed towards 410, 2.5% gain + +09/21/22 **SPY**: Sold after qqq climbed back above 300 after a dip, -2% + +09/23/22 **QQQ**: About breakeven here 0% gain + +09/30/22 **SPY**: Little 5% gain here, we’ll see if this will change by end of week + +Total Return: -4.5% + +**TLDR:** + +Traded for 60 days in a few new ways to keep things new, returns below + +VGM Zacks #1 Rank List Return: -3% + +Trading Events LevelFields Return: +3.7% + +Buying the Dip\* Return: -4.5% + +SPY -8.2% + +QQQ -10.5% + +Had some issues formatting, so hopefully everything made it in accurately. Returns are calculated cumulatively counting return of each position at the time of writing, realized or unrealized, then summing the results. All position sizes for simplicity's sake are assumed to be the same size. + +**Didn’t do this to reach any significant conclusion with this tiny sample size, did it more as a fun experiment, next time I’d like to try a fun inverse strategy off of certain pundits/analysts and or poor stock-picking services, open to other weird ideas** +Perhaps this post is coming a bit late and the bottom is already in, perhaps not, but regardless at some point there will be a bottom as the market continues on its inexorable ascendancy (to the moon etc) + +Ruminating over the last few years in crypto I thought I would give some thoughts on my personal experiences on two significant crypto bottoms - the 2018 bear market bottom and the late 2019 bottom. + +Missing from this is the March 2020 Covid bottom (I was up in the mountains on a work retreat with no internet - a saving grace I guess) and the dreadful 2014 bottom (I paper handed my crypto well before that point). + +**2018 - BTC falls to $3,100** + +The first thing I will say is this. What seems to be universally accepted as the bottom is often not, and when we actually bottom, the crowd all thinks we are going lower. And when I say "the crowd", I don't just mean retail buyers but all the professional traders, charters etc. There is even a Tone Vayes video out there where he says "the most likely scenario is a fall to $1,300". + +One observation here is that every man and his dog (or should I say Shibu Inu?) and buys set laddering down. Most people (including myself) had buys at $2,800, $2,400, $1,800 and $1,300. Much like $28,000 now, $2,800 was seen as a foregone conclusion (I currently have buys set down to $18k by the way). + +Another observation was that previously it had seemed almost accepted that $5,800 or so was the real bottom. Once that collapsed nearly 45% or so, suddenly everybody doubted themselves and assumed they were perpetually wrong. + +And yes there was a lot of depression and even embarassment. Oh how the media crowed in delight at the downfall of bitcoin. "Bitcoin is the worst performing currency except the Venezuelan Bolivar!" proclaimed our local paper (note how it IS a currency when they want it to be). I literally dreaded going to Christmas because my family (who are obsessed with property) would all be asking me how my bitcoins were going (my Mum literally calls them "bit corns" which is kind of funny). And of course my Uncle who is a multi-millionaire with a dozen properties laughed and said "well at least you bought a property so that was one sensible thing you did". (It was literally your nightmare scenario where there are 30 people on a giant table in a giant mansion, and I'm on the end, and all my cousins and aunties and sisters etc all swivel their heads immediately like lightning as quickly as possible to photographically memorize the image of my soul leaving my body). + +The other thought was how absolutely PAINFUL it was to buy crypto. Especially alt coins. There may as well have been acid entrenched nails embedded into the keyboard when I clicked buy. And when you look at the prices (check CMC historical snapshot around Dec 15 2018) just look at those bargain basement prices - literally life changing money right there. And god forbid actually telling anyone you were still buying. And now think back and imagine people had four months to buy bitcoin in the 3ks, BNB below $10, ADA for a couple of cents etc. + +And then at some point we entered a "boring phase" (a bit like now) when nobody seemed to really, every pump was assumed to be a fake out. Then suddenly, like a button was pushed (it was actually 5:15 pm, NZT on our April 2) the market jumped 22% in one hour - BTC went from $4,200 to $5,215 and that was the end of the bear market forever. + +Personally I DO feel like our recent bottoms (around $30k with a wickdown) is reminiscent of that period - in fact, divide the price by ten, look at the charts, and its actually fairly similar price action. + +So the lesson here is that the bottom is never seen as the bottom which I find interesting because on twitter there literally calls for 12k or even 3k! + +**2019 - Bitcoin falls to $6,500** + +So in 2019 the bear market finally ended and something incredible happened. Bitcoin went from $4k to $14k or so in just a couple of months. We all thought we were entering a hyper bull run, Facebook announced project libra and we were going straight to the moon. What we didn't know was that a Chinese scam called Plus Token was causing millions of people to fomo into buying up BTC, and that they would exit scam at the top and start dumping their tokens for six months (I really hope those two African guys that ran off with 3.6 billon of BTC don't do the same thing!) + +And then we dumped, and dumped, and keep perpetually dumping all the way down to 7k. Yes, another 50% fall! They do happen without a new bear market starting. My boss would say to me "How is bitcoin going? Oh its down that much? So that's a 50% drop isn't it? Good then back to work and don't waste your time on that crypto thing" (forgetting that I have dozens of crypto clients etc) + +We then had our rally relief when President Xi literally mentioned the word blockchain and it sent bitcoin up 42% in around 7 hours (I remember the top at $10,300 vividly as I had promised my wife I would attend an art exhibition on Danish furniture so instead of selling the top and taking profit I was looking at strange colored chairs). + +And then.... we dumped and dumped some more! So aside from the "xi pump" we had six months of perpetual dumping and then once $7k was lost the slide accelerated. Again, I vividly remember the exact bottom. I had crashed my car so had to take a taxi back home. I was browsing telegram at around the $6,500 bottom at the end of 2019, and one of my trader friends (who is fairly experienced and a bit of a whale) exclaimed "THERE IS NO BOTTOM". And sure enough, that was the exact bottom. + +The moment that psychologically you feel you MUST SELL RIGHT NOW. Just like at $65k, $20k, $1.3k and all other generational tops you feel like taking out a giant mortgage or selling the house to go all in (I sold my entire share portfolio to buy a Raydium / Solona farm when BTC was $52k so I can relate). + +So this bottom was quite different to 2018 as there was just six months of dumping instead of a single massive collapse in price (again, blame plus token here). But like now, we again had a "boring" period where we were stuck around $7k, people stopped checking the prices and started enjoying Christmas etc and all the mania and excitement was gone. + +&#x200B; + +So maybe one day I'll write this again and add 2021 to the list. Maybe I'll add 2023 or something as well. But there either has been a bottom or there will be at some point. Stick around and consider it another medal to add to your collection, or a story for the grandkids! While in late 2018 you felt ashamed to even mention bitcoin, now I like to talk about the great bear market like I'm some old war vet talking about my experiences of Operation Market Garden and the battle for Arnhem Bridge. + +&#x200B; + +EDIT: Perhaps I should add one more thing that may be useful with regard to the current market. For all of the bottoms (including the Covid Crash) I feel there are three distinct emotional states: + +1. Utter panic, mayhem, can't stop looking at the price - "should I sell?" etc etc. I had coffee with a OG the other day. He lost around USD $20M (needless to say his fingernails were somewhat chewn off). He still has a huge chunk so he is okay. +2. Sadness and depression "I really could have used that money.... well that was dumb.... I guess I have to work in my slave job another 5 years or so) +3. Boredom. "Ah crypto sucks, I'll just forget about it and start buying stocks. I'll leave my btc and see what happens". +4. (FINAL edit): Acceptance. "Hey guys, let me tell you about that time I lost a million dollars in a week from safemoon, its a hilarious story! Yeah I chucked my ledger nano away, I'm really glad I finally left crypto behind, by the way, did I tell you how much my ARK-G ETF shares are doing this week?" + +I feel like maybe we are starting to get to the third phase. Certainly I'm checking the prices a lot less and volumes are a bit down (and I dunno, maybe I have a bit of a sixth sense now after all these years. I even avoided buying Titan Finance at the last minutes, and bought and sold Safemoon at its top. And hey, BTC is up $1000 since this post at least!) +Well! I wonder if there will be future accountability on these shill YouTube stars that essentially scam their viewers! Part of me would like to see this but more importantly **JUSTICE** for the real people involved and started this scam from day 1. I am looking at CEO and management of BitConnect. + +https://twitter.com/nathanielpopper/status/956318986865590273 +Hi, +I share a house with two other roommates, "A" and "E". The total rent for the house is $1500 a month, we also pay about $200 a month in utilities. For rent I pay $600 as I have the master, and A and E pay $450 each as they have smaller rooms and share a bathroom. Utilities are divided and shared. "A" met a girl two weeks ago at a night club, and we have been seeing her around at our house almost 24/7 ever since. We were told by A yesterday that the girl had been kicked out of her house and would be staying with us for an undetermined amount of time. + +The girl has no car, no job, and claims to "go to college" about 45 mins away so, without a car, she is basically not going to school and will be here 24/7. With all things considered obviously this girl will be staying here and using up our resources for a long while, so me and "E", the other roommate, are trying to come up with a solution that would make us more accepting of this new girl living in our house. + +We have proposed charging A an additional flat $200 a month to cover the new girl's use of extra utilities, use of bathroom, kitchen, electric, water, etc. We want to set this up now so it is clear she will not be living at our house rent free. + +What I want to ask you, personal finance, is if it is + +1. Acceptable to charge her extra +2. If $200 per month is too much, or too little, or just enough. (We figure $150 for space use + $50 for utilites) + +**TLDR:** House is $1500 per month. Roommate's fwb with no car or job moves in unannounced and they make out all day on our couch while using up more house resources. Roommate pays $450 a month, how much extra should we charge him to put up with this girl living with us. +Since the market started dipping all I’ve seen are all the “HODL” and “BUY THE DIP” . Im finally starting to see a lot more people talk about how they all pulled out. Very happy to see this. This means it’s time for me to finally buy. +http://www.marketwatch.com/story/elon-musk-solarcity-execs-to-buy-most-of-solarcity-bond-offering-2016-08-23 + +"In a filing Tuesday afternoon, SolarCity SCTY, +0.30% said that Tesla TSLA, +0.86% chief executive (and SolarCity chairman) Elon Musk has agreed to buy more than half its latest offering of bonds, putting $65 million toward the $124 million SolarCity hoped to raise. " + +Honestly, I have nothing against Tesla (just against the threads that offer nothing but "Elon is going to save the world"), but this is not the first time that Musk has taken down a large amount of Solar City bonds (earlier this year, SpaceX bought $90M of SCTY bonds - "After market close yesterday, SolarCity revealed in a SEC filling that it expects Elon Musk’s rocket company to buy $90 million of the $105 million in new Solar Bonds issued.") + +"Last year, SpaceX already purchased solar bonds from SolarCity on two separate occasions: another $90 million followed by $75 million. SpaceX’s involvement in SolarCity’s Solar Bond Program is set to total around $255 million, which should help finance a lot of solar installations.' (https://electrek.co/2016/03/22/elon-musk-spacex-solar-bonds-solarcity/) + +Musk can call SCTY bonds a "good investment" (obviously, he's not going to say otherwise), but his apparent desire to buy up (or have other entities buy up) the majority of SCTY bond offerings seemingly each time out is starting to become rather ... curious. Is the demand for these bonds just totally not there otherwise? +This is simply curiosity really, does anyone else feels that the rapid increase in minimum is hurting the economy. Due to a raise in the prices of goods because producers have to pay workers more. Raising minimum wage can also limit jobs. In companies small or large really, i.e. where .15 cents(arbitrary number) raises for 45 employees means x number who could have been hired but were not because the employer is spending more on each minimum wage earner. +I saw this post: https://np.reddit.com/r/CryptoCurrency/comments/reeilc/cardano_is_undervalued_and_many_ppl_refuse_to/?utm_medium=android_app&utm_source=share + +and it got me thinking... + +ADA was so hyped up earlier this year, and people had legitimate reasons for supporting the project. + +Now people don't care for it. Why is that? Has the company failed to deliver what they promised? Are there coins that have developed further/better than ADA? + +I'm a total noob at crypto so maybe the terminology I used above is wrong... but hopefully you get what I'm trying to ask. + +Edit: I guess I should've emphasized that I'd like to know more about the utility/tokenomics/tech, etc of ADA... long-term, is it a good hold? If so, what's your conservative guess for the price projections in 1 year, 2 years, 5, 10? Thanks! +The Stanford blood test is just “hours” away from federal approval and could allow people to begin to return to work, Newsom said. The tests are “serological,” and could determine whether someone has developed antibodies to the coronavirus. + +https://www.sacbee.com/news/politics-government/capitol-alert/article241774351.html +I posted this on the daily discussion, but since I figured it would soon get buried, I copy/pasta'd this for everyone to read here as its own thread. Please feel free to leave some other feedback/tips for our new /ethtrader friends to read. I imagine there are a lot of new faces in this space lately & I want us all to work together & succeed. + +So as a relatively new comer to ETH (started getting interested only 3 months ago) there are some really important tips I want to address with all the newcomers to the crypto world as well as Ethereum specifically that I have learned. + + +After the heavy influx of new people joining the investment into Ethereum/the technology of Ethereum, you can imagine that whales (the individuals who have acquired large amounts of ETH, for reference we can say something along the lines of 10,000+ ETH or even just several thousand). These "whales" can easily sell a large quantity of ETH (whether all at once, or periodically over the next few hours) to break the price down lower and lower. This causes the weak hands (those who seem to imagine that investments only occur in straight lines upwards forever) to consequently fold and sell their ETH. This sets a cascading amount of sell orders by new people, weak hands, and people who are convinced that we're crashing/have stop loss orders set. It is and has been way too easy currently to take advantage of people like this by instilling panic and FUD (fear, uncertainty, doubt) so remember the next few tips when this happens in the future. + + +Take a deep breath & zoom out of the price charts. After our violent trend upwards from $88 to a high of $184 in a VERY short amount of time, a correction was bound to occur anyway. To think otherwise is immature and ignorant. The price swings are only going to get more volatile and violent as the price of Ether rises. Gone are the days were a $2 or $10 difference is a huge dip or a imminent dump. There will be more volatility in both directions, upwards and downwards. It is not unusual to see our older brother Bitcoin on bad/good days sees differences in several hundred $. So step back, don't panic, do some research. Did a black swan event occur? Did Vitalik get hit by a lambo and is in critical condition in the hospital (God forbid btw) +Next time, when it hits a nerve-wracking amount for you - just keep watching the charts for the bounce. Imagine you sold at the very bottom, only for it to immediately jump back up a large % upwards, would you FOMO back in and buy back at a great loss? Or would it have been best to just HOLD and take a step away from the computer. Research and see if anything has changed, our tightly knit subreddit has shown that we all reconvene here to share info, news, and updates - so here is a good place to see if something terrible happened. + + +In short.. learn to be greedy when others are fearful, and fearful when others are greedy. & NEVER EVER invest more than you are willing to lose. We are here for you in the euphoria upwards, and we are here for you in the despair downwards. This is why our community is one of the best in Crypto. + +p.s. - at the time of writing this, we have went from $88 to $184 in 3.5 days, after our first day of Consensus 2017, we reached an ATH of approx $184, and pulled back down to the mid $130 range, only to within the next hour or two reclimb back up to $175. +I'm super nervous! Like it's been all I can think about all week but now it's becoming all-consuming. We really want this house and we're prepared to pay our maximum borrowing capacity to get it. Wish me luck? + +Update: we missed out by 30k (<2%). Two people had a max 20k higher than us one buyers agent went the extra 10k for the win. +Hi AusFinance, + +A friend of mine is a dual Australian and UK citizen. He lived in Australia most of his life and went to Griffith in Brisbane for uni and racked up the standard HELP debt. + +After his degree, he and his family moved back to London in 2014. He hasn’t paid any of the debt back or been contacted about it in anyway. He’s not actually sure how much he has. + +I know there were some law changes in the last few years to prevent people ditching their HELP when they moved overseas. + +He’s thinking of doing a holiday to Australia soon and even considering moving back. + +Any advice on the situation would be appreciated, is he up for a fine for not paying? Do the laws apply to HELP debt before they were implemented? +hey all, money in the bank and i keep hearing ray dalio say 'cash is trash'. just wanting some insight on what to do with home deposit level cash during periods of inflation. + +thanks +My situation: ex-tech and now FatFire. Currently living off RE income, but I have kept a significant chunk of my former employers stock that I’d like to hold for a while. + +I am considering selling super OTM calls on some of my remaining position to generate some (single digit percentage) income on this otherwise unproductive asset, understanding that it may end up ITM. Given current market conditions, this strategy might have to wait a bit but I’m researching in depth now. + +I’m all over thetagang and have read up on the wheel and covered calls at length (and will continue to). My issue is that most covered call advice seems pitched at people who just want to use CC as a wealth generation tool. In other words, it’s a trading strategy. My goal is to actually trade as little as possible of the stock, to retain as much stock as possible in the long run, but obviously I also want to generate a reasonable single digit synthetic dividend. My question to YOU all: + +-Any fatties that have done this and any advice? + +-Given my goal to retain stock long run and the current market, uh, volatility, I’m curious if anyone is using the wheel to add to positions they believe in? Or just stay away when the world is ending, haha? + +-Overall, were covered calls worth your time in the end or just a ton of work for a 3% ‘dividend’? + +Thanks in advance and again, love thetagang, but believe this is a FF topic due to my specific goals and the relevance of the question to many of our fellow fatties in similar spots. +Yes. I know people love bashing RH for all the reasons. I predominantly trade spreads and I actually rather enjoy their interface for that. + +Ever since the GME non-sense, they implemented an auto-close on options at ~1hr before market close on expiration days. Prior to that, had no issues with this. + +This isn't the first time but hopefully the last as I'm officially migrating. A favorite vehicle of mine is running put credit spreads. These were specifically on RKT. Will typically do a 0.5 width, receive a ~.15 credit and set my own orders to buy back at 0.03 range. Yesterday rolls around and my short-leg is OTM by over 15%. I am completely fine with letting them expire worthless and taking the full profit/risk. I open these spreads typically 50-100 at a time. I had about 50 spreads still open at 3pm, they auto close them at a buyback of .04 - .08. Costing me a couple hundred. + +RH was good to learn on. Time to graduate. + +Anyway. That's my story. +ll take the downvotes and say I disagree, the GME logo has gone White. Ok, I googled GameStop logo history and realized that they did in fact have a white logo on black background before, but only for 1 year. Back in 1999 Barnes n noble owned Gamestop and in that transition they created an all-white logo on a black background. Then Barns later on at the beginning on 2000 acquired or bought a company called Funco. At this point Funco was renamed GameStop because Barns was planning splitting off GameStop into a company with a new ticker simple / as a NEW IPO. + +Maybe they’re doing the same right now… Maybe history is repeating itself and they’ve changed the logo White and will soon release a new logo / new ticker / and force all the current shares to transfer to the new ticker symbol… after all, one of the exects did NOT say that they were an ecommerce company, not a gaming company, what he said was that they were now a technology company,… AKA maybe we’ll get something like GameStop Technology - GMET + + +TLDR: If history repeats itself then GameStop logo didn't go black - it went WHITE and the last time this happened was for only 1 year in 1999-2000 when they were owned by Barns (N) Nobel.... In 2000 Barns NN acquired Funco in and then changed the name of Funco to GameStop and broke it off into a new company. + + +https://en.wikipedia.org/wiki/GameStop#Barnes_&_Noble_Booksellers_(1999%E2%80%932004) + + +Barnes & Noble Booksellers (1999–2004) + +In October 1999, Barnes & Noble Booksellers purchased Babbage's Etc. for $215 million.[14] Because Babbage's Etc. was principally owned by Leonard Riggio, who was also Barnes & Noble's chairman and principal shareholder, a special committee of independent directors of Barnes & Noble Booksellers evaluated and signed off on the deal.[15] A few months later, in May 2000, Barnes & Noble acquired Funco, the owner of Eden Prairie, Minnesota-based video game retailer FuncoLand, for $160 million.[16] Babbage's Etc., which had been previously operating as a direct subsidiary of Barnes & Noble, became a wholly owned subsidiary of Funco.[17] With its acquisition of Funco,[18] Barnes & Noble also acquired Game Informer, a video game magazine that was first published in 1991.[19] Funco was renamed GameStop, Inc. in December 2000 in anticipation of holding an initial public offering for the company.[6][20] + +In February 2002, the company once again became a public company via an initial public offering.[21] Barnes & Noble retained control over the newly public company with 67% of outstanding shares and 95% of voting shares. Barnes & Noble retained control over GameStop until October 2004, when it distributed its 59% stake in GameStop to stakeholders of Barnes & Noble, making it an independent company.[22] + + +1999-2000 Logo’s +https://logos-world.net/gamestop-logo/ + + + + +Edit: Awards and Karma.. I don’t even know what awards are and my karma’s been under 300 for years now cause you know, Lurker and all ... wow, Best 4th of July Ever! Thank you everyone; and special thanks to the shitposters (except you Rick) and Hypemen - your posts and videos are awesome and a deep thank you for the entertainment value you provide all of us. + + +Edit 2: I still have all of my fingers but will try to post a WhatCouldGoWrong and InstantKarma videos of my neighbors firework mishap followed up by a ticket from the police. .. can’t wait till Guy Fox Day!!! +BURIRAM, Thailand—Toyota Motor Corp. TM -0.87%decrease; red down pointing triangle President Akio Toyoda said he is among the auto industry’s silent majority in questioning whether electric vehicles should be pursued exclusively, comments that reflect a growing uneasiness about how quickly car companies can transition. + +Auto makers are making big bets on fully electric vehicles, investments that have been bolstered by robust demand for the limited numbers of models that are now available. + +Still, challenges are mounting—particularly in securing parts and raw materials for batteries—and concerns have emerged in some pockets of the car business about the speed to which buyers will make the shift, especially as EV prices have soared this year. + +“People involved in the auto industry are largely a silent majority,” Mr. Toyoda said to reporters during a visit to Thailand. “That silent majority is wondering whether EVs are really OK to have as a single option. But they think it’s the trend so they can’t speak out loudly.” + +While major rivals, including General Motors Co. and Honda Motor Co., have set dates for when their lineups will be all-EV, Toyota has stuck to a strategy of investing in a diverse lineup of vehicles that includes hydrogen-powered cars and hybrids, which combine batteries with gas engines. + +The world’s biggest auto maker has said it sees hybrids, a technology it invented with the debut of the Toyota Prius in the 1990s, as an important option when EVs remain expensive and charging infrastructure is still being built out in many parts of the world. It is also developing zero-emission vehicles powered by hydrogen. + +“Because the right answer is still unclear, we shouldn’t limit ourselves to just one option,” Mr. Toyoda said. Over the past few years, Mr. Toyoda said, he has tried to convey this point to industry stakeholders, including government officials—an effort he described as tiring at times. + +Global car companies have made a sharp pivot to electric vehicles within the last few years, driven in part by the success of EV-only maker Tesla Inc. + +Traditional auto makers such as Toyota, Ford and GM are also facing new competition from startups such as Rivian Automotive and Lucid Group Inc., which make EVs exclusively and have captivated Wall Street in recent years. + +At the same time, the legacy auto makers have a much broader base of customers, including many living in rural areas and developing economies with unreliable electricity supplies. + +And their gas-engine businesses are still driving the bulk of profits needed to fund the costly shift to electric vehicles, which not only requires the development of new models but also construction of new facilities and battery plants. + +The infrastructure to charge electric vehicles is meanwhile still lacking in the U.S. and many other parts of the world, making owning an EV still a challenge for many types of consumers. + +According to J.D. Power, the market share for EVs in the U.S. has risen sharply in the last couple of years. As of October, it was around 6.5% of the total new-car market, the firm said. + +But that is largely because EV sales are growing faster in places such as California, where there are more options and a greater willingness among buyers to make the shift, J.D. Power analysts say. Sticker prices for electric vehicles have also jumped this year because of the rising cost of battery materials, limiting the pool of buyers who can afford one. + +Auto executives say the uptake on EVs could be uneven for some time, and that gas-powered models, along with hybrids and plug-in hybrids, will endure for many years to come. + +“The coastal areas, the East and West Coast, that’s electrifying much quicker than the interior of the country,” said Jim Rowan, chief executive of Sweden’s Volvo Car AB. Mr. Rowan said plug-in hybrids serve the purpose of providing buyers with an option if they aren’t ready to go full electric and are important to warming them up to the technology. + +Ryan Gremore, an Illinois-based dealer, who owns several brand franchises, said he gets a lot of customers inquiring about EVs, in part because of limited supplies. + +That might give the impression of robust demand, but it is unclear how it will materialize when inventory levels at dealerships normalize, he added. “Is there interest in electric vehicles? Yes. Is it more than 10% to 15% of our customer base? No way,” Mr. Gremore said. + +Mr. Toyoda’s long-held skepticism about a fully electric future has been shared by others in the Japanese car industry, as well. + +Mazda Motor Corp. executives once cautioned that whether EVs were cleaner depends largely on where the electricity is produced. They also worried that EV batteries were too big and expensive to replace gas-powered models and better suited to the types of smaller vehicles that Americans didn’t want. + +Nissan Motor Co., which launched the all-electric Leaf over a decade ago, had until recently taken a more cautious stance on EVs with executives saying they were waiting to see how the demand would materialize. + +Nissan Chief Executive Makoto Uchida said the company moved too aggressively with the Leaf early on, but lately demand for EVs has been growing faster than many had initially expected. Nissan said last year it would spend roughly $14.7 billion to roll out new battery-powered models. Now, Mr. Uchida said it may need to spend more. + +The wild card, he said, is regulations and government subsidies globally that could speed adoption even more. “Would that be enough? The answer is it may not be,” Mr. Uchida said. + +Mr. Toyoda has argued that fully electric models aren’t the only way to reduce carbon emissions, saying hybrid vehicles sold in large volumes can also deliver a short-term impact. “It’s about what can be done now,” he said. + +Mr. Toyoda’s cautionary tone toward EVs has caused some concern from investors and consumers that the auto maker could be falling behind in the EV race. + +Toyota has been slower than rivals to roll out fully electric models in major markets such as the U.S., with its bZ4X electric SUV being recalled earlier this year because of a potential safety problem. + +Mr. Toyoda said the auto maker was taking all types of vehicles seriously, including EVs. In late 2021, it revealed plans to spend up to $35 billion on its EV lineup through 2030. Since then, Toyota has disclosed sizable investments in EV manufacturing capacity in the U.S. + +The Toyota chief also said alternatives to EVs, such as hydrogen-powered vehicles, were beginning to get a warmer reception from government officials, members of the media and others involved in the auto industry. + +“Two years ago, I was the only person making these kinds of statements,” Mr. Toyoda said. + +https://www.wsj.com/articles/toyota-president-says-silent-majority-has-doubts-about-pursuing-only-evs-11671372223?mod=hp_lead_pos5 +I started trading 20 years ago, futures then options then stocks. +I was trading futures in my prof office in Chicago ( I am from Italy), he had a real time data service back in 1997. Wow, what a thing having real time sp500 futures chart on the screen so many years ago. I was using real money and I was even making money. +Then I moved to stocks, and then options. +I tried to figure out the best way to create my own strategy, and I wanted to create a set of rules to stick to. But apart from those lucky trades in the prof office, back in Italy I would find out myself trading by gut and without applying ANY of all those rules that I tried to learn. +At the end of 2003 I stopped. I had not lost money, but I had not made either. Basically I was just not capable of following the rules that I was supposed to follow. +Now I am thinking to give it a serious try to create my strategy, and I am thinking that I should build an automated system that gives me alerts on when to enter and to exit. MT? tradingview? I don't know yet. +Anybody with similar experience who re-began trading after a long stop? +When you choose to get involved in an extremely volatile period, do you get looser with your stops? I have a pretty standard way of calculating stops, and it would have never survived some of the crazy minute to minute swings yesterday, even if I were trading in the right direction. +I turn 18 in a few days and I really want to hear what more experienced forex traders have to say. I also want to know if it’s worth it to start trading with under a thousand dollars. I’m sure your responses will help me and other beginners in the community. +I'm not dickriding or anything, I don't know who he is and I couldn't care less about him, but I can't comprehend why some people here feel genuine hate for the guy. I watched some of his videos and he seems a good source to learn from. +Did he do something dishonest that damaged his reputation so much amongst traders? +(Of course there are also people who trade only by his principles and strategy but I'm asking for the ones who despise him) +Hi ! + +I'm watching alot of those forexfamily's videos these days and I would like to confirm with you that I do well understand the concept of ''wick fills''. + +When, for example, there is a long wick on a big momentum candle, It will usually get ''fills'' by the lower time frame (the price will at least go the the higher point to get the rest of the pending order??). When there is no momentum, it won't get necesarly fills. Is that right ? + +For those of you that trade by this concept, I would like your opinion :) + +Btw, I really like this community, I've start recently and made alot of progress thanks to all of you. + +Thx ! +I'm fairly busy in college but that's because I currently work a fair amount after classes. Due to an inheritance of approx. 200,000 dollars I'm thinking of investing my time into learning about forex day trading that I could do instead of my job. I have seen stories of great success and great failure on this subreddit and everyone claims different things about their successes. + +Is forex trading worth getting into as a hobby or as a supplemental source of income, or will I be poorly disappointed by its results? I've seen people on here claim upwards of 50% profit per month and it sounds a bit outlandish to me. I'm fairly smart but I want to know if I'm wasting my time. I am not here asking advice as a new trader, but instead asking if I should be here at all. +A friend of mine just started trading 6 months ago. He has a good system, R/r ratio and an overall positive expectancy. But he isn't making money. + +So I went through all his trades, carefully analyzing everything and I've found that he has a problem with risk. He keeps on risking more! + +He started with a 10k account...went up to 20k in two months and then suddenly crashed to 8k in the next two weeks and then blew up. He used to risk around 1k per trade in the beginning but after his account touched 15k he started risking 2k (so the first 3 consecutive losses suddenly got into his head and burned him) And, also the fact the he didn't lower his risk and still risked 2k after his account came back to 10k accelerated the process. + +I didn't have this problem. Naturally I kept decreasing risk percentage like everyone but this guy couldn't do it. His trades completely get affected if he lowers his risk. It's like he gets sloppy, unmotivated and therefore unable to trade with precision. I've told him to risk less than $500 per trade for a month or more to develop consistency but he just couldn't do it. + +Did any of have this problem? How should I help this guy get over his risk addiction? +Many traders use partial closing of a position, to protect profits. However, there is a loss of overall profit that needs to be considered. + +Scenario 1, One lot of EURUSD is bought, and at 20 pips profit it is closed, gaining $200 (minus commissions, etc.). + +Scenario 2, the same one lot of EURUSD is bought, and at 10 pips profit 50% is closed gaining $50. Then at 20 pips profit the remaining 50% is closed, gaining $100, which makes $150 in total. + +In scenario 2 you only make 75% of what you made in Scenario 1, with the exact same pip movement. + +To make 100% in Scenario 2, you would have to keep it open till you reached 30 pips profit. In that case you would make the same profit as in Scenario 1. + +There are good reasons to partially close a trade, depending on your strategy and trade management style. Just be aware of how it effects your profits. + +The same works in losing trades; closing 50% at negative 10 pips, and another 50% at negative 20 pips, will cost you only 75% of what letting the whole position hit negative 20 pips would have cost. + +Again, depending on your trade strategy and management, this might be something to consider as a way of reducing losses. +So I've got myself into a bad situation by trying a strategy on live without back testing. + + +Normally I have a very stable, tried and tested strategy. It gives 0-30% returns monthly and over 4-5 months has never produced a negative month. + + +Last month however I got to +4% by the end of the month (a relatively poor result compared to the strategies previous months). Then the NFP happened, and like a massive noob I didn't close my USD positions. The move blew through a few of my trades taking me to -6%~. I saw the equity going down and thought it was going to reverse, I shut it down at -6% when I realized it was an NFP result. + + +So I figured in order to increase the gains the next month I'd try two strategies simultainously. The first would be the tried and tested strategy. The second would be a much longer term strategy on basic trend following. I hadn't tested this out yet but it seemed pretty safe. + + +The strategy was like this: Use a multi time frame EMA with frames selected to identify a long term trend. (see: http://imgur.com/6OCTGqR) The pink line is the shortest time frame EMA, orange second shortest, red longest. The idea is to get a visual of the LONG term trend (weekly/monthly) without having to check two charts. I picked EMAs so that the 'gap' between the pink line and orange lines would highlight a dynamic suppport range of the trend. I bought in on touches of the pink, and stoplosses just below the orange line. + + +I entered maybe 10 positions on these grounds. A little excessive, but they all matched the criteria. Over the last week ALL of them have gone into the negative, with two of them outright closing. They aren't individually massively over leveraged. (no more than 3-4% per trade) however ALL of them are going wrong. +(Gallery of painful positions: http://imgur.com/a/jdoB3) + +At the moment im at 34% draw down. Which is way more than I've ever had. Normally I'd close all my positions and go back to using the old strategy. But as you can see from the pictures some of these positions are still 'valid'. + + +Anyone tried a strategy like this before? What kind of draw down do we expect? The big problem I see is that I didn't backtest the strategy. I figured it was so long term that the chance of it blowing out completely and quickly would be pretty slim, but it's looking grim. Am I just the unluckiest person ever that predicted the end of 10 trends on 10 seperate pairs? + +EDIT: +What I'm going to do is stop opening new positions on the long term strategy, continue opening positions on the tried and tested strategy. + +I'm going to let the long term position strategies that I'm already in play out. + +I'm going to open a demo account where I try the long term strategy play on only one of each unrelated pair. + +I've just finished reading Naked Forex. I've learned about the kangaroo tail, the big shadow and the big belt. Simple concepts, yet something I didn't know. I was glad I had learned something new this day, and went on with my day. That is, until a question popped in my mind: "What if there is more to learn?" I asked myself, "is this all there is about price action?". + +After that, I did the one thing I knew I should have never done. I've google for "price action forex books" and jesus, fucking, christ. How many are out there? How do I tell the good ones from the crap? + +If there is one thing forex forced me to learn about myself, is that I'm an obsessive learner. I'm that guy that cannot get outside of Whiterun in Skyrim without talking to every NPC I meet. + +This made me extremely stressed. On one hand, I want to start trading and apply these new concepts in my demo account. On the other, I don't know when I'll have enough information on my hand. + +I guess I might as well ask: what is your opinion on Naked Forex? Would I be able to build a trading system based entirely on it? +**Hi there. I'm torn about what makes more sense. I currently own a home with a mortgage. My goal is to additionally own multiple rental properties as streams of income. What makes more sense financially.... using my extra funds to pay down my home mortgage faster (and save on the interest long-term) or saving my extra funds to put 20% down on a rental property that will turn into a stream of income in the future. Would love some input.** + +**We currently owe $228,000 USD on our home mortgage. Our payment is $1,560 a month and our interest rate is 3.5%. We could most likely save enough to put 20% down on a rental property (ideally priced 150k or less) in 5 years or less.** +Getting really close to buying my first duplex, just getting nervous that I could have overlooked something. How can I cover all my bases and make sure I don't lose money on this venture. + +&#x200B; + +Thanks! +Hi all, I’m in the process of looking for my next investment while I save the last bit needed for the down payment. I would like to speed up the latter part of coming up with the down payment. I own a duplex right now which is cash flowing and I’m saving money from my day job, but I’d like to move a little faster. What are some creative ways you all have come up with to fund the down payment for a rental property? Thanks in advance!! I’m trying to put together $30k.. +I was with someone this weekend who made this claim which made me raise an eyebrow. This person is an individual contributor, not part of the executive team. + +Having worked at startups myself, I find this highly unbelievable. I know snowflakes IPO was a *smashing success* but I can’t imagine the company would be handing out equity to new employees like this. Was this person likely embellishing their position or did they really hit the lottery starting working at Snowflake a measly 18 months ago? + +Also, I’m sure the equity was in the form of options with a \~4 year vesting period. Unsure what happens to unvested options when a company IPOs though. +I recently got married, and now thinking about how best to combine finances. Looking for advice on whether we should have a joint bank account or investment accounts, what to do with existing accounts, how to manage joint finances etc. interested in both organizational advice (ie how to manage accounts) as well as advice from those who’ve been married a while on how to set up finances so that were both happy (eg an older colleague told me that we should both have our own bank accounts for discretionary spending, in addition to a joint account - helps avoid fights about different spending habits). + +If it helps, we have similar individual net worths (2M each) and different incomes (800k vs 300k), we’re very comfortable with the idea of sharing finances and have been together for 7+ years) +Hi ETHTRADER! + +I have held quite a reasonable amount of ETH/XRP/SC since 2016 but I have come into a further $6500/£5000 and would like to make a further investment. + +Please can you let me have your thoughts over which coins you would consider investing in either to increase my holdings or diversify my portfolio? + +Thanks +How much do you all usually make per trade and per day (on average)? Just started day trading a month ago and curious how well do day traders do usually? +Yesterday I said we’d see a [rally](https://www.reddit.com/r/wallstreetbets/comments/t91ebv/tomorrow_we_shall_have_an_amazing_rally_unlike/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) like we’ve never seen before + +I was ridiculed and the market went down this morning so I accepted defeat and sold my nvda calls and got tesla puts. + +My account is down bad right now. I also hedged with a tesla call so hopefully I’ll make something. Somehow oil also tanked. + +Fuck you all. I’m only listening to myself now. You’re all retarded and so am I for listening to you. + +Edit: not sure why some of you degens think I’m blaming you. Of course it’s my fault. This is a shitpost update. Stop taking it so seriously you retards + +See you tomorrow +Title says it all. Just putting this here to get some karma and awards and stuff when this thing takes off. All the stars are aligned, I think it’s time. God, do I really have to put so many words here in order to post? Do rocket emojis count??? +Anyways 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +My baby was born in 2021. Unfortunately, he died 12 days later in early fall. + +What do I do for my 2021 taxes? My husband and I file jointly. Do we claim him as a dependent, or is there a minimum age in order to do so? (My employer's life insurance required 15 days of age for a policy on a dependent). + +Next year do I not claim any dependents or do I need to file any other paper work? + +We have a death certificate. +$XCUR if you haven't heard of Curate, then you better do some research, similar concept to Shopping.io, $SPI is at $10m, $XCUR is sitting at 300k Marketcap, the website looks lit! + +Curate is a very promising project trying to disrupt the current online clothing shopping experience. Fashionistas can direct their attention to this trendy approach and be involved in the future of fashion by investing in this company. + +CURATE is a style discovery decentralized app (DApp) i.e ‘blockchain smart contract enabled’ platform, which rewards you with digital tokens in return for users curating fashion styles. + +You are able to buy: Clothing - apparel, merchandise; Gaming - games, accessories, digital content/services; Crypto - NFTs, Token sales, physical wallets, accessories; Health & Beauty - Men's beauty, women beauty, health products. + +Website: [https://curate.style/](https://curate.style/) + +ETH address:0xe1c7e30c42c24582888c758984f6e382096786bd + +Dextools:[https://www.dextools.io/app/uniswap/pair-explorer/0x178f1a72172a99f7f44e125de6413ea808713e7c](https://www.dextools.io/app/uniswap/pair-explorer/0x178f1a72172a99f7f44e125de6413ea808713e7c) + +Coingecko: [https://www.coingecko.com/en/coins/curate](https://www.coingecko.com/en/coins/curate) + +Also has a 99 Dext Score on Dextools! + +* Current market cap at the time of post: $300k +* App Launch & Marketing efforts coming next week. +* Picking up momentum, getting listed on exchanges. +* VC Backing Seen on Bloomberg, Yahoo etc +* Doxxed team. + +Could potentially be a $5-30m marketcap, DYOR! +Longtime lurker here, first time poster. I'm moving to SF (VHCOL) this year and I'm wondering whether it makes sense for me to purchase a 2 bedroom apartment given my financial situation. + +24 (M) w. 240-270k a year (1099). I should be able to get to 320-350 within the next year but let's assume my income stays steady for this calculation. + +250k saved (which would be my target down payment) w/ another 6 months living expenses socked away for a rainy day in addition to \~25k in assorted smaller investments. + +If I rent my monthly housing expenses will be around 3k. If I purchase a 2bd then I'm looking at a 1M outlay and a 750k mortgage (I would be renting out one of the rooms). Is this something I should even look at? Looking for some pros/cons and potentially some indications of what sort of calculations/factors I should be considering here. Any help at all would be appreciated with this. + +&#x200B; + +Thank You! +As retirees without pensions, but with sizable IRA balance (husband’s is $4.5m), we are contemplating moving Traditional IRA to an individual 401k for better protection against creditors/ lawsuits. Are others thinking about, or have done this? I understand that Roth IRA is not eligible for such rollover. +Hello everyone, Jan 2021 Ape here. Boy has this been a long journey, and thanks to all the excellent DD that's been posted here I've grown several wrinkles. Out of all the wrinkles, the most important thing I've learned so far has to be DRSing and why removing the shares from the DTCC ensures that I 100% own the shares. The second most important thing I learned was from Ryan Cohen himself when he invested in Gamestop and then Bath company, which are both undervalued and overshorted retailers with extremely low floats. This creates two scenarios based on whether or not Gamestop reaches its ATH again (before skyrocketing to phone number territory, of course) + +Scenario 1: GME hits ATH, all apes are in the green, stock is moon-bound + +This is what I think most likely happens as all the DD in the world hasn't disproved the MOASS theory. DRS will be proven to be influential at a minimum and pivotal at best. The idea spreads en masse to other stocks as new investors get priced out of Gamestop at 4, 5, 6 digits etc. + +Scenario 2: Black Swan happens and GME loses all value proposition (marketplace fails, company moves away from blockchain, shares issued for no reason, executives receive fat cash bonuses) + +This scenario is a shf's wet dream, their "one way out" that I imagine is what keeps them going. Knowing what we know about Ryan Cohen this is all obviously unrealistic, but if you entertain the idea, short hedge funds still can't win. The gameplan is all laid out there for apes to find another float to lock up through DRSing, demanding share dividends, and requesting the company to withdraw the shares from the DTCC if needed. + +This is why hedgies r fuk. + + +Buy hold DRS GME +Got some bad news yesterday, both my parents have lost their jobs. I don’t live at home full time (uni student), but they’ll have no household income from January, and of course still need to pay rent, food etc. +There’s not a huge amount I can do as a student to support, but I want to do everything I can. +They’re exhausted and worn out from life (60s), some unfortunate circumstances when I was younger meant that they burnt through all their savings and weren’t paying into a pension. +I’m honestly quite scared, and very anxious. Could anyone please help out with what support they might be able to get, and any advice on what we could do. +Good evening everyone, just a quick one to say I was recently a victim of fraud, something I thought I would never say. +Weekend just gone I was browsing for a new van for work as mine had finally kicked the bucket I wasnt wanting to spend a crazy amount and found a nice little van for around £4500 checked the advert on auto trader all seemed legit enough so contacted the seller. + +Guy explained to me on the phone what the van was all about and i asked questions like MOT the usual stuff which he had an answer for. I asked if I could view the van as the advert stated it was around 30 miles away from me. + +He said they had 2 offices one here and one in London and the van was based down there. I asked If there was any chance of them to bring it up so I can have a look and what not, he said he could but would need a deposit I was a little hesitant at that point because I couldn't exactly throw a deposit down on something I hadn't seen. + +I thought I would do some digging around on the company I found their website all legit along with their companies house info which was again legit. Trust pilot reviews which had verified buyers on there so I proceeded to ask for more pics and a video walk around of the van which the guy provided for me. I then asked for a invoice for the deposit which again he provided. + +The invoice I received looked legit enough with a company registration aswell as a FCA number which I checked immediately and it was valid and active on the FCA website. Brilliant I thought get the deposit down nice new van so I sent the money and confirmed with the seller the dates and times of viewing. + +I had the address on the invoice so I knew where I was going when the van arrived for me to view. low and behold I arrived today after instruction on where to go and that it was there, turn up to a housing estate knocked on the door and straight away the woman said "Yeah it's a scam this is a legit business address for my son who owns this company however they have cloned his business along with all its information" wonderful! I thought I was ultimately clever checking and scrutinizing everything when infact I got proper conned. I know I'm probably stupid but you generally don't expect it to happen to you. + +Immediate trip to the bank along with contacting action fraud to give my story and here we are £1000 down but probably 1000 times wiser. + +Please be careful out there I honestly thought what could go wrong especially on Autotrader of all things but from now on I will refuse to hand any money over until I've literally grasped it with my hands. + +Edit: Thank you for the platinum kind stranger! +7,639 users here now. Am I tripping? Or did everyone go to bed early except automod? I don't know about you guys, but I feel some weird shit is going to happen soon. I don't have anywhere else to talk about it except here with all of you. I think you guys feel it too. This is just a little more weird than the usual bullshit. And sudden. + +Stay hydrated, y'all. + +Edit: Numbers are going back up. Welcome back, freaky people! +$10/month. You can shower, charge your accessories, workout, use the restroom. It’s a wonderful place for people who are living out of their vehicle, people with quite a few roommates and not enough privacy, and just overall very worth it for just $10. + +Extra shoutout to the 24 hr locations. Everyone is on a different schedule and a 3am planet fitness trip is very therapeutic for me, not sure about others. + +That is all +They had no issue saying the marketplace would launder money for Isis. Where are the stories on how silly apes are for thinking the split was compromised? Where's the excuse for the current run-up? Where are any of the "Forget Gamestop, buy this stock instead" articles? ~~Where's your God now?!~~ + +Edit- This here be rhetorical waters, lad. +How did you personally arrive at your particular goal/dream-circumstance for retiring early? There is an obvious trade-off between the quality of lifestyle you want to live and the cost of that lifestyle. + +What keeps you from quitting now and living in a van down by the river? + +What is your quality of lifestyle you are shooting for and why? + +Edit: I spelled Lifestyle wrong in the gosh darn title. Heck. +>Barclays has been forced to withdraw mortgages for certain customers after coming close to breaching a regulatory limit on lending to higher-risk borrowers. +> +>The UK bank shocked customers last week when it reduced the maximum they could borrow from 5.5 times income to 4.49 times without notice. The change affected borrowers who had already agreed mortgages, putting some property purchases at risk of collapse. +> +>The decision was made after Barclays came close to a limit imposed by the Prudential Regulation Authority, the banking regulator, stipulating that no more than 15 per cent of mortgages for each lender can have an income multiple of 4.5 times or above, according to people briefed on the decision. +> +>UK banks have been inundated with mortgage applications in recent weeks as the temporary cut to stamp duty has led to soaring demand for property, with UK house prices hitting record highs last month. +> +>Barclays said: “We recently announced some changes to our loan-to-income limits. As a responsible lender, we made this decision to ensure we continue to adhere to regulatory obligations.” +> +>Brokers fear other lenders could be forced to take similar action in the coming weeks. +> +>NatWest made changes to its mortgages last week, reducing the maximum loan-to-income rate it offered self-employed customers from 4.9 to 4.25 times. +> +>Brokers added that the Barclays decision came as a blow to borrowers since it covered existing applications — those where an agreement in principle has been made and an applicant may have paid for a survey or legal fees and is waiting for the lender’s confirmed offer to exchange contracts. +> +>It may also have an impact beyond Barclays’ borrowers by holding up homebuying chains. + +[https://www.ft.com/content/a1a0cb39-43de-411a-9fa1-22db4bb0568e](https://www.ft.com/content/a1a0cb39-43de-411a-9fa1-22db4bb0568e) + +&#x200B; + +**Interesting move - we will likely see more of this in the very near future.** +Any Curve users make sure you're carrying a spare! + +Official statement: + +> Your Curve card and all associated Curve transaction and money transfer services will be temporarily suspended with immediate effect. Please be assured, we expect to be up and running again shortly but it may take a few days. Your money and card details held at Curve are safe and secure. + +> This has happened because the Financial Conduct Authority has this morning suspended its permission for Wirecard Card Solutions Limited (the company who currently issues Curve Cards) to operate, without prior notice. This action is not related to Curve - but Curve currently depends on Wirecard for operation of the Curve card. + +> We are already well on the way to migrating away from Wirecard but have not fully completed this process. We are now working round the clock to achieve the migration as quickly as possible and therefore expect this disruption to last for only a limited period of time. + +> We will continue to communicate the details of what this means for you during this interim period. + +> For now, please carry a backup card. +Dig through my history. This isn't a self-therapy post after a down week. I've been doing this for a long time. + +The reason people fail at this is that their opening trades are way too big for their accounts. And when they are wrong, they are set-back so far that after a string of losing trades, they simply cannot afford to continue. + +Let's say I have $1,000,000 in my account. Each trade I open up is rarely above $30,000 to $50,000 dollars or 3% to 5%. And on a $30,000 to $50,000 trade, I'm perfectly happy if I make around $3,000 to $5,000 per trade for the WEEK or even BIWEEKLY! Now that does not seem particularly impressive but if I make 6 trades and 3 of them swing the right way, while the 3 others don't, it's still a pretty good week in terms of absolute dollars. On the 3 where I am wrong, I exit at -3% no matter what happens. This ensures that wins on average are at least 3x bigger than my losses. Also, I only actively trade 15% - 20% of my account. Profits from trades go into long-term positions that I never sell and only add to. + + Now let's say you start with $20,000. This means each trade should really only be about $1,000. So you're thinking, "What? I can't make a living day trading generating a $100 a week per trade on a good week!!" + +No. You can't and you shouldn't. This is why folks should not quit their day job to do this. I didn't quit my day job to do this until 10 years after I started doing this. And here's why. + +The professional trader and fund managers are not intrinsically smarter than you. They traditionally had more timely information. That gap has been narrowed with the internet. Where professionals and funds beat you is scale. Here's an exaggerated example. If I can buy 100,000 shares and you can only buy 100, and both of us need $50 today to pay bills, I have virtually no risk whereas you need to hope for a 50% daily return. Most traders who do this at home for income do not make a huge amount of money. I certainly don't. But a large account built over time allows the trader to risk less and less to maintain the same income year over year. Huge funds make shit trades every day. But each trade is less than a fraction of 1% of their book. So stop beating yourself up. The reason you're not doing well is your account is simply too small and you're relying way too much on luck. It takes time and dedication to accumulate enough money. Stop telling yourself you should be further ahead as that thinking will kill you. A lot of you literally started a few months ago. Sometimes you'll have windfalls. Most of the time, trading is boring as shit. + +So don't feel bad if you're not getting it right away. You have to tune out the posts where you see people posting wins and losses as that will get you to start gambling instead of trading. A lot of you folks are not 'bad' at this. For some reason, you've just assumed you were 'good' without enough evidence. + +Also, I'm not particularly stoic or emotionless on big wins and losses. The long-term positions in my account all got hammered these last few weeks. I will still get pumped or upset and I share with a trading buddy. Find yourself a trading buddy. + +TLDR because I am apparently not clear: don't feel bad if you're not successful yet. You need to get to a decent account size before this starts to click. + +Edit: you guys are nuts and maybe I'm to blame. I said here is an example. I even explicitly say I lose half the time. What on earth did I say that implies I'm a trillionaire?! + +Edit: I used perfectly round numbers for examples. Come on man. The message is you're struggling because you don't have scale not "I'm a superstar." In addition, I didn't start from zero and never implied that I did. + +Edit: Holy crap, I even said 'lets say I had..." to start the example. The message is about scale and needing time to accumulate. What on earth are you reading that I'm not seeing? Y'all need to chill out. Does it make you feel better to hear me say I also lost a bunch of money on paper this week as well? + +Edit: never said I was good at stock picking. The only thing I will take credit for is limiting losses. +Not hyping, but was noticing that due to the low ass Volume over the recent past; the "Days To Cover" has been creeping up. Currently in Fidelity it just hit **10** Days to Cover for the Short Ratio. + +Per [Investopedia](https://www.investopedia.com/terms/d/daystocover.asp): + +>A high days-to-cover measurement can signal a potential short squeeze. + +Now, I've heard that >=10-12 is significant (but no real evidence to back it up) so take it with a grain of salt. Basically, I'm just bringing it up as a notification. + +P.S. I've not see it this high in my tracking (since ~Jan 2022) from my screenshots where I was capturing the Quote/CTB. So, others with historical data could chime in with more data if desired (I *believe* WeBull User's can get past data in a Chart) + +[Sauce](https://imgur.com/a/OKYgUTC) + +Much Love!! 💓💓💓 + + +Edit: Adding Some comparisons: + +* SPY: 2.00 + +* Towel: 0.96 + +* PopCorn: 3.52 + +* Apple: 1.25 + +* Tesla: 1.00 + +* XRT: 4.75 (Also note it has a Short % of **511.68%**... lol) +Just a few quick thoughts (serious). + +I think that the "flippening" is already happening. I guess what's sort of surprising about it is the huge amount of bitcoin owners that aren't selling what they've got. It was obvious from after the ETF got declined that it was going to crash and burn, but they got a whole lot of second chances. When the price bounced all the way back up to 1200 despite the fundamentals of the coin being destroyed and the potential of future acceptance and adoption being decimated, those people should have realized right away that it was gonna go down. I don't feel sorry at all for the people still holding. + +It is going to go wayyyyy down, simply because there is nothing good going for it. If they are too ignorant to see it when there are so many other great options available (okay okay I hate Dash as much as all you guys but they could have sold their BTC and bought Dash anytime this week and would have been just fine). Like I lost a ton in the ETF thing but then bought into ETH after because I saw strong potential and it was beginning to do quite well, and that value tripled. How anyone could hold on to a failing asset when such great things are going on around them is insane. A hardfork which will bring the value down a ton, Chinese regulators bringing more rules and regulations which may damage the Chinese market, as well as lots of exchanges where people are stuck with their Bitcoins and may end up selling and withdrawing as soon as they get the chance... all ETF's within the foreseeable future getting declined due to the reasons listed in the SEC decision. I tried explaining this stuff to people in Bitcoinmarkets which I used to read through a lot, but they just deleted what I said because I had posted in EthTrader in the past. + +Meanwhile, ETH has been doing incredibly. Like guys even with the substantial drop today, look at how far the value has increased. It's not even the value I'm excited about, but more so all the awesome stuff happening. I did a lot of research into this and you guys are not kidding when you say there are lots of great things ahead for Ethereum. I loved the idea of the ENS (Ethereum Naming Service), and although I am reluctant to get involved in hardforks because of the whole BU fiasco, Metropolis seems AWESOME. Like I got so excited when reading about Metropolis because there are so many great things to be added and then I am not as worried about a fork happening with ETH because there is agreement that such a change would be a whole lot better. + +Overall there is just so much great stuff going on for ETH, and on the short term, sure, some of us may have lost some money today. Without a doubt actually. Don't blame yourself if you panic sold earlier, the price was plummeting, generally the decisions we made all made sense to us at the time, and that's okay. But seriously, just appreciate this awesome technology and the really cool and amazing thing you get to be a part of. It is really cool, and with all of the businesses and some banks backing it in the EEA (Ethereum Enterprise Alliance), I see an extremely prosperous and bright future for ETH as all of the big money comes in and really makes great applications for this stuff. + +Although sure, ETH lost a big chunk of value today, and contrary to what some crazy people think, losing value isn't a good thing to me, but come on people - ETH has a really bright future and things are looking great. Have fun with trading and enjoy the ride. If you are invested in ethereum, you are invested in one of the most groundbreaking technologies there is right now, and it is sure to leave a huge footprint. This thing could go big or bust (I think it's going to go REALLY big in the future, even now this growth has been amazing), but it's great that we all get to be a part of this. + +Now as some last notes, I know the increase in price has been extremely rapid. Yeah, it has been. And to some it may be too fast. The rapid price changes may have caused a lot of people to lose value or money. I'm sorry for that. But if you want to invest in a reliable cryptocurrency that has lots of room to grow and will flourish with time, look no further. Ethereum is going to go up quick because it has HUGE momentum right now and although it tanked today, it's already on its way back up. This isn't a currency like DASH where it's getting pumped and then people forget to dump later on, this is one which legitimately will make an impact in the world and is gonna be massive in the coming years. + +Lastly, BTC is going down. Seriously, get out while you can. I'm not gonna even bother posting this on any BTC subs even though they're the ones that need it the most, but if you hold your bitcoins (yeah yeah I know the hodl meme), you are going to lose SO much money. Considering the very bleak future for that I don't see it ever going much higher than the ATH ever again. Like, ever. Forever. Never. What word describes this properly? What I'm trying to say is that Bitcoin is going to die now. It isn't going to be as rapid as today perhaps, but with basically a crippled system, extremely poor economic outlook, and no actual functionality, it'll be obsolete real quick. + +So yeah those are my thoughts on ETH and BTC at the moment, didn't really address the other coins much cause I haven't investigated them as thoroughly yet. Hope this gives you all a good idea on the ETH and BTC situation, and where things currently stand. Also hope you get something out of this more serious analysis rather than me messing around which I do from time to time haha. + +Alright everybody, I'm interested in hearing what you think below. Otherwise, have a great night and good luck trading/holding/selling and never looking back! +Confido CFD exit scam seems more and more likely... + +----------------------------- + +[Forwarded from Wolf Crypto News Telegram] + +**[Scam Warning]** + +After surprising legal problems announcement yesterday by Confido CFD team, potential exit scam speculations appear. As of today, Confido shut down their communication channels, team members deleted their LinkedIn profiles and the website is offline. + +http://confido.io/ - 404 Not found + +https://www.reddit.com/r/confido - Made private + +Confido.io Announcement Channel - Deleted + +https://www.linkedin.com/in/joost-van-doorn/ - CEO LinkedIn profile deleted + +Seems like https://www.tokenlot.com/crowdsale/confido/ and their escrow https://www.kraviswurgaft.com/ are registered at the same address + +We advise avoiding investing until the situation clears up. + + +------------------------------------ + +**Update:** + +[Forwarded From Wolf Crypto Public] + +**[Confido Exit Scam confirmed by TokenLot]** + +Dear crypto community, + +This morning we awoke to the unfortunate news that the team behind Confido has seemingly pulled an exit scam. All internet accounts related to Joost (CEO of Confido) have been deleted. Our lines of communication with the Confido have also been closed. Unfortunately, we do not have much more information regarding the situation, outside of what has already been made public. + +TokenLot was hired by Confido to host their crowdsale and escrow the funds collected. The terms of our contract require all ICOs listed on our platform to show proof of token creation and distribution of tokens to investors, before the release of ETH collected during the ICO. On November 7, Confido demonstrated all evidence needed for the release of funds from escrow. + +We have reviewed all previous emails and conversations to try and find any clues that might lead us to the actual people behind this scam. Fortunately, we have stumbled across one very positive lead. Blockchain analysis shows that the **ETH that was collected and transferred to Confido, ended up being sent to an account with Bittrex.com** (TxID: 0xca732d04b6aea5901e041bd8944a61d42a20cea810ad5ff07bae33534e443d13). We have been in contact with Bittrex Management and they have confirmed that the account the ETH was sent too is an account where Enhanced KYC Verification was authenticated. This means that **we have an opportunity to put a real name behind the Bittrex account**. Additionally, we are also in contact with KuCoin and gathering all intel we have for Joost and the possible team behind Confido. + +Unfortunately, Bittrex’s privacy policy requires a law enforcement request to release customer information, so we can’t get any more information at the moment. We are currently in the process of filing a report with the FBI to help rectify this situation. + +The TokenLot Team + +When I first got into crypto these were supposed to be some of the first killer apps for Ethereum. Prediction markets got all the hype. Now you never hear about these two any more. What happened? +Past performance is not indicative of future results. Although true, it’s so tempting to speculate. There does seem to be some pattern of euphoria and despair that repeats itself. There are the same winners and losers every iteration. The strong win, the weak and new lose. The new learn and become winners or sell if they can’t stomach it. The OG’s stop posting and live in [Puerto Rico]( https://www.nytimes.com/2018/02/02/technology/cryptocurrency-puerto-rico.html) + +[With the magic of Google you can revisit memory lane in 2015]( https://www.google.com/search?q=bitcoin&tbs=cdr:1,cd_min:Jan+1+2015,cd_max:jan+20_2+2015&source=lnms&tbm=nws&sa=X&ved=0ahUKEwjA0r6QtZHfAhUDhuAKHZtwBaA4ChD8BQgOKAE&biw=2560&bih=938 ) This is a time when Bitcoin went from over $1000 to ~$170. Keep in mind what was going on during this time + +- Massive fraud/stealing/incompetence with Mt. Gox +- Crypto was widely perceived as drug, and mercenary money. +- The public also perceived it as a Ponzi scheme, or “tulips”. + +Bitcoin hasn’t changed much throughout this process. Yet it’s core principles and technology prevailed. Ethereum and this space is in a much better position than Bitcoin was. Bitcoin has overcome much worse odds than Ethereum is facing now. + +One of my rules of thumb is + +>“Is Ethereum better off now than it was during the all-time high?” + +If the answer is “yes” than I buy. I also ask myself + +>"are current issue's more insurmountable than Bitcoin in early days?” + +If no, I buy. + +I’m prepared to wait years, and times like this are an opportunity to accumulate. In the off chance this project doesn’t work out, I’m OK with that because I didn’t overextend myself. Bitcoin was at $1,100 in November 2013, and only exceeded that price in April 2017. Are you willing to wait that long or longer for Ethereum? I am. + + +I'm pretty long-term bullish on a stock that's trading at about $300 per share. I don't know where it'll move. It has strong earnings to its name, but fell short of EPS targets over the past 2 Quarters. The call would be dated for 2 years from now, and they've increased 30% YOY. Would it be a good idea to buy a close to the money/itm call on the stock, and essentially hold 100 shares up until a certain date, then roll forward if still bullish, or should I buy shares? The stock carries a 2% dividend, but I think I think I would get more benefit from a far dated call, but (obviously) less stability. Thoughts? +>Shares of Abercrombie & Fitch (ANF) plunged nearly 20% in early trading on the news to their lowest levels since mid-2000. The stock is now down almost 90% from the all-time highs it hit in 2007. + +They're still in business? Wow. + +Source: http://money.cnn.com/2017/07/10/investing/abercrombie-and-fitch-stock-no-sale/index.html +>Shares of Abercrombie & Fitch (ANF) plunged nearly 20% in early trading on the news to their lowest levels since mid-2000. The stock is now down almost 90% from the all-time highs it hit in 2007. + +They're still in business? Wow. + +Source: http://money.cnn.com/2017/07/10/investing/abercrombie-and-fitch-stock-no-sale/index.html +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [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! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If 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 + +**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) + +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, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +So it seems like everyday or other day the market seems to slip a little more, and now im no longer doing a drip and want to hold that money to find some nice sales. Just wondering what other people are looking at while this market slides. Do i just look at dividend kings and put the money on one of those, or are there better prospects? +I've been following Sears & Blockbuster since we all became aware GameStop was linked to a naked-shorted basket of zombie retail stocks, and Ryan Cohen cryptically tweeted about both companies. + +The following must be read with the awareness that TikTok is expanding into gaming, and is doing that through Immutable X and GameStop - [as mentioned here](https://www.reddit.com/r/Superstonk/comments/uszt1k/tiktok_plans_major_push_into_gaming_market_and/) by u/knutolee. + +&#x200B; + +https://preview.redd.it/9y0oejpp7bs91.jpg?width=1840&format=pjpg&auto=webp&s=84ce3d4fa3cd521ffc2e0d0439a3f16e5f7c5bbd + +Every gaming related NFT on Immutable X is going to be purchased via the GameStop marketplace. + +Armed with this knowledge of GameStop's not-so-indirect partnership with TikTok, let me take you down the rabbit hole. + +\_\_\_\_ + +&#x200B; + +Sears and Sears Canada are emerging from bankrupcy at the moment. u/SixStringSuperfly discovered that **2 days ago**, Sears Canada joined TikTok and began a [bizarre media campaign with a provocative style](https://www.tiktok.com/@sears_canada/video/7150775587160820998?is_copy_url=1&is_from_webapp=v1). Something a social media brand strategy company would think up. + +I decided to dig a little further... + +&#x200B; + +[https:\/\/www.tiktok.com\/@sears\_canada](https://preview.redd.it/upu9cwu15bs91.png?width=1841&format=png&auto=webp&s=5917c50fe18cd41f999dde2ebb454fe03c1e5557) + +&#x200B; + +[https:\/\/www.tiktok.com\/@sears\_canada\/video\/7150775587160820998?is\_copy\_url=1&is\_from\_webapp=v1](https://preview.redd.it/st8gy5of5bs91.png?width=1234&format=png&auto=webp&s=c70a5b7066481783b65378a5752eb9c8e23d57bc) + +**7 hours ago**, Target Canada, who own Zellers, and who also failed to launch in Canada a few years ago, began posting the exact same type of content: + +&#x200B; + +[https:\/\/www.tiktok.com\/@targetca\/video\/7151490274001243397?is\_copy\_url=1&is\_from\_webapp=v1](https://preview.redd.it/qppif39z5bs91.png?width=706&format=png&auto=webp&s=c6c2af8942262b3da7736f81bd22c5280419c77d) + +And oddly enough, here's a Zellers video by a random guy **11 days ago:** + +&#x200B; + +[https:\/\/www.tiktok.com\/@yewchuk\/video\/7136322279637568773?is\_from\_webapp=v1&item\_id=7136322279637568773](https://preview.redd.it/skkov9be6bs91.png?width=399&format=png&auto=webp&s=a680e9afb3733b6ee45cb9c69b73b4b1dbbe6495) + +&#x200B; + +https://preview.redd.it/02oo7bgo6bs91.png?width=498&format=png&auto=webp&s=3eceb9c12ce6acecb485b42aefdcb1aa36abe008 + +Oh and look who makes an appearance in that Zellers video: + +&#x200B; + +[Huh...](https://preview.redd.it/tb93cl9mzes91.png?width=336&format=png&auto=webp&s=ba1b617612f3b191662758aff2bc61337741961b) + +Here we have Target Canada commenting on a Sears Canada post, who responds about a **COLLAB**. + +&#x200B; + +[Omnichannel, anyone?](https://preview.redd.it/9kkjeywkgbs91.png?width=502&format=png&auto=webp&s=7d472f37f6d3b952c21a1018b2a27f0649842c5d) + +&#x200B; + +The media is also talking about "bringing Zellers back from the dead." + +[Like a zombie eh?](https://preview.redd.it/34qu7gbmcbs91.png?width=773&format=png&auto=webp&s=3c71242eaab2c0b902e5f5fd3105f74d7766c1a1) + +&#x200B; + +It's catching on, and people are engaging with all these legacy brands talkin smack about their flop era and taking each other's store space. The company behind this is doing a good job reading the zietgiest. + +The zeitgeist is that people hate Amazon because Bezos is a dick who flies around in cock rockets and treats his workers like shit. People feel guilty buying from Amazon. They miss Sears and Blockbuster, Zellers and Toys R Us, and other iconic brands from a golden era before neoliberalism and Wall Street's greed gutted the world of all basic human values, decency, and affordable housing. + +Perhaps they're leading the public through a dramatic story arc which ends with all these beloved brands getting together in the same space *\*cough\* omnichannel \*cough\** 😏 + +Reading the comments, people are crying out for a comeback. + +&#x200B; + +[https:\/\/www.thebay.com\/](https://preview.redd.it/72j3vqcf7bs91.png?width=1444&format=png&auto=webp&s=e969e157c919bd8ffab490f632dc332c13151efd) + +Enter Hudson Bay, an ***ICONIC*** Canadian retail comapny ([FOUNDED IN 1670 WTF](https://en.wikipedia.org/wiki/Hudson%27s_Bay_Company)) with a shit tonne of real estate, will house this new omnichannel alliance of nostalgic retail, which will be as powerful a draw as the nostalgia in modern cinema. And did I mention, Blockbuster is coming back with NFT streaming and was approached by a mysterious entrepreneur who's name was probably Nayr Nehoc. + +Sears in the US may well play the role as the iconic retailer with massive amounts of real estate to house iconic american brands, but we're yet to see how that plays out. + +Back to Canada - an interesting thing about Hudson Bay Company, is that it is split down the middle, with brick and mortar solely on one side, and a massive eCommerce operation on the other, called 'The Bay.' + +Hudson Bay Company recenly got a new President. Who is she, and what is her focus? + +&#x200B; + +[https:\/\/www.hbc.com\/news\/article\/sophia-hwang-judiesch-appointed-president-of-hudsons-bay\/](https://preview.redd.it/muf6ieqq8bs91.png?width=1361&format=png&auto=webp&s=814557770ee68d989947a1e201016f7f678c2c47) + +**TORONTO, September 8, 2022** – Hudson’s Bay today announced that Wayne Drummond will be retiring from Hudson’s Bay and Sophia Hwang-Judiesch has been appointed President, Hudson’s Bay, effective September 19, 2022. A highly-effective retail leader, Ms. Hwang-Judiesch has a strong track record of driving growth, market share acquisition, and enhancing the omni-channel customer journey. **Working closely with The Bay on the overall Omni Customer, Brand, and Platform strategy, she will bring to life the Hudson’s Bay stores component of the strategy, including the execution of the company’s in-store digital selling transformation, customer experience and store optimization.** Ms. Hwang-Judiesch will report to Richard Baker, Governor and Executive Chairman, HBC and join The Bay’s Executive Committee led by Iain Nairn, President and CEO, The Bay. + +**Last year The Bay (digital) and Hudson’s Bay (stores) announced that its store fleet and e-commerce business would operate as two separate businesses, accelerating its digital-first transformation. The two operate collaboratively to deliver a seamless customer experience, and The Bay remains responsible overall for shared functions including Brand Direction, Marketing, Buying, Planning and Technology for both businesses.** + +Most recently, Ms. Hwang-Judiesch was Vice President of Strategic Initiatives at Ulta Beauty, where **she led the build and launch of Beauty@Target, and managed 13 workstreams, including: Merchandising, MP&O, Store/Service Operations, E-commerce, and Supply Chain.** Previously, Ms.Hwang-Judiesch **was Senior Vice-President at Carter's Oshkosh, responsible for the company's largest multi-channel market with accountability for stores, e-commerce and wholesale.** Before Carter’s Oshkosh, Ms.Hwang-Judiesch was with Esprit de Corp as China Country Manager - Retail, Wholesale & E-commerce, China Brand, overseeing the most important market for Esprit globally. + +On her appointment, Ms. Hwang-Judiesch said, “I am excited to return home to Toronto, as I already hold a deep connection and affinity for Hudson’s Bay, so I am thrilled by the opportunity to lead Hudson’s Bay stores. **This is an incredibly exciting time in the industry, when brick and mortar retail is redefining itself. I look forward to building on the transformation already underway at Hudson’s Bay**, to elevate and shape the customer journey and drive growth across the business.” + +“We are very excited to have Sophia's broad global and category experience on our team, **as we transform The Bay and Hudson's Bay for Canadians**. We are making incredible strides in technology and digital innovations, and our store organization is critical to the omni-channel experience of our customers. I am confident that Sophia will lead the team on an exciting and **transformational journey t**hat delivers impact for our customers and results for the company,” said Iain Nairn. + +\_\_\_\_ + +&#x200B; + +A heavy digital-first transformation that will bring omni-channel brands to Hudson Bay locations. + +Very interesting. + +So back to the Sears Canada, Target Canada, Zellers, and Blockbuster TikToks... + +I was scrolling through this Sears Tiktok post and spotted this interactoin: + +&#x200B; + +[https:\/\/www.tiktok.com\/@sears\_canada\/video\/7151186729544797445?is\_copy\_url=1&is\_from\_webapp=v1](https://preview.redd.it/u8ewguq69bs91.png?width=718&format=png&auto=webp&s=4e02d949c58b1b6ae196217732e6ad71bbb40018) + +&#x200B; + +[:O](https://preview.redd.it/z6eha2wa9bs91.png?width=512&format=png&auto=webp&s=e7f71e8d25b680f1b9a26c22807bdda96160a2fd) + +&#x200B; + +https://preview.redd.it/6vproptfgbs91.png?width=495&format=png&auto=webp&s=c87dd11df6b43f04f33bb7389db0dda65697744d + +Will Canada be the testing ground for the Great Mall of Gmerica? + +&#x200B; +Hi all! Hope you're all having an awesome day. + +So basically I've had about 7 or 8 friends (older colleagues etc) all tell me I should buy a house, I'm silly not to, I should start right now etc etc. But well I wanted to triple check with people who aren't so close to me to give a more realistic view, I don't just want to chuck money into the wind especially when we're talking about 30 year loans and stuff. + + +So basically its like this, I get paid about $75k a year, I'm permanent in a job that is very very very unlikely to ever disappear and I get the 2.5 percent increase (CPI), I'm also looking to get promoted in the next few months (possibly extra $10k). + + +I currently pay about $460 a week, rent in Sydney, and yes I know thats a massive amount of money gone, it has perks though (close to work, no transport costs saves me $50 already). + + +Currently I'm just over the fact that I'm being charged large $$$ towards rent, when at least with a mortgage that money is going to contribute to something. I have no debt but I'm paying off HECS based on mandatory amount. I live on my own, single, male, I play a lot of video games, but I can drop that if need be. This will be my first home to live in (so I think no stamp duty). + + +I'm hoping with this, I can buy a 2 bedroom apartment in Sydney at about max $450k outside the city (30 to 60 minutes away possibly west). I'm hoping to save up about $22.5k as I hear LMI is decreasing to 5% next year. And I'm hoping to purchase in June next year (to save up the $22.5k). + + +I'm guessing I'll also need an extra $4k for conveyancing and inspection fees. + +Does any of this give you alarm bells? Does it sound pretty sound, am I being too tight? Am I unlikely to get a loan at 5% deposit only? + +I go through the home loan calculators and they put around $528 a week for mortgage repayments, compared to $460 now it seems so little difference especially as I'm still saving every week anyway. + +Would love to hear peoples thoughts from someone whose more experienced, I have another friend telling me to borrow $650k, but I think thats too much for my first place for me. Thanks for any advice! +Your friendly reminder to take the time to get new quotes when it comes to insurance renewal. Instead of clicking 'renew' on the reminder email I went to the website and got a new quote for the **exact same insurance** \- **from the exact same insurer** and it was *$400* cheaper. What a joke. +* Already receiving best possible care for my mental health +* Thinking about investing in Vanguard international shares, and just having that one fund (50%) with the remainder diversified into cash (50%) with hope I'll be able to retire early to focus on my mental health care + +Thoughts? Thanks +After being a good boy and buying mostly ETFs for a while, I cashed out some bitcoin (bought in 2013 and made about $9k – I was lucky and forgot I bought it so I didn’t sell too early) and bought CAN at 2.78 about 2 weeks ago, and I'm up almost 10%, but I don't really trust the price. I don't normally like meme stocks for this reason. It's just like gambling. + +I had some lithium stocks last years and felt bad the whole time I held them, whether they were going up or down. Sold them for a 30% profit which is nice, but it could've been like 200% if I held. I'm not proud of my gains, though. I just listened to the buzz and bought them. No skill or intelligence required - just the balls to buy something that may result in you losing most of your money. That's not admirable - it's stupidity, really. + +I'd much rather stick with ETFs and a small (maybe 30%) satellite of bluechips and no more than 10% of my portfolio in meme stocks or shitcoin. + +When I first started trading I lost like 5k on SGH trying to buy the dip like a fucking moron. Also lost like 3k on QAN when I panic sold in 2016. Would've been up like 60% if I held. Who the fuck panic sells *QANTAS*? Also lost money on Santos when my dumbass friend went on a rant about how oil prices will stay low because renewables are taking over. I disagreed and put up a pretty solid rebuttal but still got spooked and sold. Would’ve been up like 60% too. + +If I just put it all VAS/VGS like I tell everyone, I would've been up around 10% since first purchase, probably 15% if Trump didn’t keep sperging out. Instead I'm probably not even above inflation or a bullshit HISA. I don't even know because I'm too cheap to spring for a Sharesight subscription. It's possible I'm in the red. I like to think I'm at least slightly above a HISA or term deposit, though - so I can keep acting smug and tell people not to be scared of the stock market. + +Oh well, at least I don't own property. And at least I'm learning. I have learnt a lot in these past few years since I started investing. I remember how scared I was when I put my first 10k in, thinking it was too much to risk. Three months later all my savings were in there and I was fucking day trading for $50 profits completely ignorant of all the tax bullshit I'd have to deal with. I thought I was baller, but I was just a retard. You really don't know what you don't know. Fucken Dunning-Kruger is a bitch. + +On a positive note, even though I recently lost money with TLS and barely broke even with PTM, I'm a much more informed and responsible trader than I was before. + +Just don't let me margin trade or teach me how to buy options or trade on US exchanges. + +Anyway, have a nice weekend peeps. +I understand the hate towards robinhood, I somewhat share it myself. However, I've been watching the price swings on ETH, and would like to try my hand at swing trading it. Currently I use coinbase to buy and sell ETH, but they charge me 20 to 30 dollars every time. Robinhood does not charge me this fee. I know I would need to set limit orders to avoid getting robbed by the hood. Is there something else I'm missing? Any other reasons to not trade ETH on RH? +Considering all the good news, exchanges opening up and new updates to the ethereum blockchain, how do you foresee these events affecting the price of the crypto asset? If you could provide a detailed argument of why, instead of just throwing a random number, it would be great. +My trading system is taking roughly 100uSeconds from the time a market data update triggers a decision to trade and the time that the order is on the wire... + +With some reasonable effort, I think that I can shave that number in half... + +I was wondering if there exists some knowledge about what is considered a good reaction time for an algo trading system? + +Am I in the sweet spot or are the best systems in the nanoseconds range? + +Before someone mentions it, yes I know that network latency is the #1 factor. +I buy at $1, I predict it will go to $1.2, based on a historic trend + +What is a suitable way of calculating my stop loss so I dont get greedy. Currently I am just using historic variance to eliminate the possibility of noise. +Hey guys! + +Long time BTC holder here and pretty new to Reddit. + +Sold a small chunk of my portfolio at ATH and made a killing compared to what my initial stake was, and yes should have sold it all at ATH and bought now. If someone has a crystal ball, tell me where I can buy one! + +Anyways, I just wanted to share that today I bought BTC for my daughter, from some of my fiat from my “winnings” + +I hope BTC becomes what it has the potential to be one day, then it’ll be an awesome start to her adult life. I have to figure out conditions though, I don’t want her partying it away. + +And no, this is not an April fools joke! I’d just like to share our story, me and my wife are pretty exited about it! + +PS: I’m not a native English speaker, so pardon if there are any spelling mistakes. + + +Edit; Lockdown! +Edit2; thought I’d also mention that we will do other investments for our daughter also. We set aside a fixed amount from our salaries every month! +Don't kick yourself too hard if you haven't made it in crypto just yet. You keep hearing about all those crypto millionaires, but you won't hear about those people who lost their life savings. + +There are outliers who do make it big this cycle, either because they have tons of starting capital or got extremely lucky at the right time with the right coin. + +Stick around, even during the bear market. Great things will come if you continue learn, DYOR, save money to DCA in crypto. +The cannabis market right now is so similar to the start of the green energy market.. its nowhere near done being bullish. Save for some small dips, there will very likely be a huge bullish trend for 2021. [EVEN NASDAQ AGREES](https://www.nasdaq.com/articles/cannabis-stocks-may-be-2021s-big-winners-2021-01-07). I’ve posted my positions a [few times](https://www.reddit.com/r/pennystocks/comments/ktvx01/almost_60k_in_cannabis_stock_gains_14_18/), and I’ll continue to do so. But this is my reasoning for investing in cannabis stocks in general for 2021. + + +* I've been a bull on cannabis since the democrats had a strong pro-cannabis platform. But what made me go balls deep into the market was that the **UN changed its classification of cannabis**. Countries follow the UN closely for guidance on their own classification of controlled substances. Congress has [repeatedly cited](https://www.brookings.edu/blog/fixgov/2015/02/13/how-to-reschedule-marijuana-and-why-its-unlikely-anytime-soon/) the UN’s classification as one of the reasons for not changing it. Several countries immediately changed their stance on cannabis in response to this, including Israel, which In November 2020, announced that it was moving forward with a plan to legalize recreational cannabis nationally. “The country is aiming to implement recreational legalization within nine months, and even if there are delays, that means mid-to-late 2021.” (This is my reason for investing in **Canadian cannabis companies**, because they are already **poised to expand internationally since its legal there nationwide**) + +&#x200B; + +* **THE SENATE IS NOW BLUE!** The Georgia runoffs were won by Democrats, and they can now swing the vote left with VP Harris. She promised it as part of her platform, so we know it will be prioritized. [CHUCK SHUMER SPONSORED THE MORE ACT](https://www.democrats.senate.gov/newsroom/press-releases/schumer-statement-on-ending-the-federal-prohibition-on-marijuana-following-the-house-passing-the-more-act). HE WILL BE [SENATE MAJORITY LEADER](https://www.nytimes.com/2021/01/08/nyregion/chuck-schumer-majority-leader.html). IT WILL 100% BE PRIORITIZED BETWEEN HIM AND VP HARRIS. + +&#x200B; + +* EVERYONE predicted beforehand that the republicans would win Georgia... [everyone talked down decriminalization passing the house because of they believed it would NEVER pass the republican majority senate](https://www.npr.org/2020/12/04/942949288/house-approves-decriminalizing-marijuana-bill-to-stall-in-senate). But the left spent more than any senate race in history to encourage voters to go out and vote. Only once the race started did it become clear that the left had a chance. Then some gains from the surprise that they won. However the gains from 1/5 onwards definitely hasn’t been priced in for all the future legislation, because **some of it will be completely new legislation that wasn’t possible to consider before without a blue senate. THIS HASN'T BEEN PRICED INTO THE MARKET YET.** + +&#x200B; + +* The **SAFE BANKING ACT** has bipartisan support, and is likely to pass [BEFORE decriminalization because it is tied into some stimulus bills.](https://www.prnewswire.com/news-releases/4cable-tv-international-inc-announces-certain-incoming-financials-filings-are-imminent-301203235.html) + +&#x200B; + +* The government is broke post-COVID. There is a terrible image of the police. They don’t want to waste more resources on cannabis related crimes that would be fixed under decriminalization. And the tax revenue from decriminalization would be significant. **Decriminalization (THE MORE ACT) opens up the borders to interstate-commerce and international import/export**. This would all trickle down into Uncle Sam’s empty pockets. + +&#x200B; + +* New York Governor Cuomo announced on Jan 6 his plan to legalize marijuana for adult use (right after New Jersey vote, as I anticipated in my last post) as part of his State of the State agenda. The next step is a ripple out on the North East. NY didn’t want to miss out on tax revenue, neither will any of the other states in the northeast within driving distance of NJ and NY. This is Cuomo’s third attempt in three years to legalize adult-use cannabis in the state; last year, Cuomo included a legalization proposal in his state budget, but the plan was ultimately cut in the wake of the COVID-19 pandemic. + +Other ongoing state legislature: + +* **Rhode Island:** Regulators have received 45 applications for six new medical cannabis dispensary licenses in the state. If all applicants meet the requirements for a license, six will randomly be selected in a lottery to operate retail locations in different regions across the state. [Read more](https://www.cannabisdispensarymag.com/article/rhode-island-receives-45-applications-for-6-new-medical-cannabis-dispensary-licenses/) +* **Missouri:** Rep. Shamed Dogan has filed legislation that would place an adult-use cannabis legalization measure on the state’s 2022 ballot. Meanwhile, Missourians for a New Approach has announced plans for a separate 2022 ballot initiative after an unsuccessful signature campaign to get the issue before voters in 2020. [Read more](https://www.cannabisdispensarymag.com/article/missouri-lawmaker-introduces-legislation-adult-use-cannabis-legalization-2022-ballot/) +* **Alabama:** Sen. Tim Melson plans to reintroduce a medical cannabis legalization bill this year. Medical cannabis legislation passed the Alabama Senate during the 2020 session, but failed to clear the House. [Read more](https://www.cannabisdispensarymag.com/article/alabama-lawmaker-plans-to-reintroduce-medical-cannabis-legalization-bill/) +* **Illinois:** Illinois lawmakers have proposed the creation of 75 new cannabis retail licenses to give disadvantaged and minority applicants a second chance at licensing following the controversial licensing lottery to issue an initial 75 dispensary licenses. A work group made up of lawmakers and members of Gov. J.B. Pritzker’s administration met this week to finalize details of the bill, which will be introduced in a lame-duck session that starts Jan. 8, before new lawmakers are sworn in Jan. 13. [Read more](https://www.cannabisdispensarymag.com/article/illinois-lawmakers-to-create-75-new-cannabis-retail-licenses/) +* **Minnesota:** House Majority Leader Ryan Winkler is again renewing his push to legalize adult-use cannabis in the state, announcing plans to reintroduce a legalization bill this year. Winkler told WCCO that he sees “Senate leadership as being the number one obstacle,” but said that if lawmakers agreed to place an adult-use legalization initiative on Minnesota’s 2022 ballot, “it would pass overwhelmingly.” [Read more](https://www.cannabisdispensarymag.com/article/minnesota-lawmaker-to-reintroduce-cannabis-legalization-bill/) +* **Virginia:** Del. Steve Heretick has reintroduced a bill to legalize adult-use cannabis. Heretick has proposed legislation related to decriminalization and legalization in the past, and this year’s bill would legalize the cultivation, sale and consumption of cannabis in the state. [Read more](https://www.cannabisdispensarymag.com/article/virginia-lawmaker-reintroduces-bill-to-legalize-adult-use-cannabis/) +* **Connecticut:** Gov. Ned Lamont renewed his push for adult-use legalization during his State of the State address Jan. 6, announcing that it is a priority for the new legislative session. Connecticut’s 2021 legislative session opened Jan. 6, and Lamont, a Democrat, kicks off the session with increased majorities in the House and Senate, which could increase his chances of passing an adult-use legalization bill. [Read more](https://www.cannabisdispensarymag.com/article/connecticut-governor-says-cannabis-legalization-priority-new-legislative-session/) + + +***Now that you understand why I’m going green, here’s my reasoning for my positions.*** + + +**TLRY (Tilray)** + +* largest cannabis company in the world by revenue post merger. Will run out of Seattle and New York City. New York Legalization on top of senate turning blue is a big catalyst for TLRY. +* Merger hasn’t completed yet, and the merger happened before the senate went blue.. that was the gamble APHA was making, and they won. The sky is the limit now. When they merge, they will reduce expenses and be much more likely to post profitable quarters. (This is why mergers have so much hype; the sum is > than their parts because they can reduce operating expenses while maintaining revenue from the two companies) +* Tilray CEO Brendan Kennedy: “I think medical cannabis will be legal at the federal level, which means medical cannabis can cross state lines and be imported into the U.S., like we export cannabis from Canada and Portugal to about 15 countries now,” Kennedy said. “Anyone who thinks there’s a state-specific medical market is wrong.” As for the recreational market, Kennedy says the state-specific markets, with interstate trade banned, “are not going to last long.” Kennedy believes that cannabis will be distributed like alcohol and tobacco within two years’ time. That would require significant overhaul of US federal drug laws—and would significantly disrupt all US cannabis companies’ existing business models. Brendan Kennedy, the cannabis billionaire will step down as Tilray's chairman and CEO. Irwin D. Simon, Aphria's current chairman and CEO will take Kennedy's place. +* \[On December 18, 2020, just three days after the U.S. Senate adopted the Cannabidiol and Marihuana Research Expansion Act (CMREA or the Act) (more on this below), the U.S. Drug Enforcement Administration (DEA or the Administration) published in the Federal Register a final rule, “Controls To Enhance the Cultivation of Marihuana for Research in the United States” (Rule), which finally paves the way for DEA to issue additional licenses to grow “marihuana” (i.e., cannabis) for research purposes.\]([https://www.jdsupra.com/legalnews/on-heels-of-senate-s-adoption-of-36129/](https://www.jdsupra.com/legalnews/on-heels-of-senate-s-adoption-of-36129/)) + +**GNLN (Greenlane Holdings)** + +* One of the largest global sellers of premium cannabis accessories. **Pax/JUUL/Volcano products.** I’ve had Pax products, and although I prefer Arizer because of the affordability, I can’t deny Pax has quality products and is like the “iPhone” of vaporizers. I like their products, I like their branding. There’s lots of hype and loyalty, especially with their Volcano desktop vaporizer. +* Strong US brands. +* The main reason they did poorly was bad timing. They IPO’d during the year that JUULs started being banned. They’re actually at all those levels again. Theres a ton of upside potential. +* Market cap is ridiculously low for some really renown brands all because of the JUUL flavor pod ban. Everyone knows Pax, Volcano, and JUUL. But no one knows Greenlane because of the bad timing of their IPO and the subsequent JUUL flavor ban. It’s crazy. They’ve already broke all time high for the year. But I’m holding until they break 1B market cap. +* Recently became the exclusive distributor for the world's first [gravity powered contactless water hookah.](https://www.globenewswire.com/news-release/2020/11/18/2129049/0/en/Greenlane-Becomes-Exclusive-Distributor-for-World-s-First-Gravity-Powered-Contactless-Water-Hookah.html) +* Overall i think too many people count it out just because of their IPO and subsequent decline in JUUL sales from the JUUL flavored pods ban. They definitely have the potential because of their strong branding and quality products. I’m betting on them having more high quality products in the future with equally loyal customers. + +&#x200B; + +**SNDL (Sundial Growers)** + +* SNDL **must close above $1 per share for 10 consecutive sessions by June 26, 2021 or it will be** [delisted from NASDAQ](https://finance.yahoo.com/news/sundial-receives-approval-nasdaq-listing-130000598.html)**.** People see this as a fear factor, I see this as “they will do anything necessary to reach $1 for a week so they won’t be delisted”.. IMHO reverse splitter probably isn’t on the table since they could have done that in 2020, but instead applied for a 6 month extension after announcing “alternative strategic investments”. We can already see this by their **predatory loan SPAC spinoff.** +* Rumors of a merger with CGC; SNDL also purchased a SPAC recently and entered an agreement with Zenabis, immediately claiming they defaulted. Turning that SPAC into predatory loan/debt repurchasing company. Imo if they want to complete a merger, it would be easy to sell ownership through that SPAC to the buyer. +* **THEY RECENTLY WENT** [DEBT FREE](https://www.prnewswire.com/news-releases/sundial-announces-completion-of-financial-restructuring-and-debt-free-status-301196607.html) by selling off unprofitable assets in the business. This means we are much more likely to see earnings in future quarters, and they are much more attractive for mergers. +* Because they are indoor growers, they are more likely to be bought up by a company in the consolidating Canadian cannabis market than fail all together. The amount of space licensed to grow cannabis in Canada is now heavily skewed toward outdoor cultivation instead of indoor for the first time, [according to new data from Health Canada](https://www.newsbreak.com/news/1501283915298/licensed-outdoor-cannabis-canopy-exceeds-indoor-for-first-time-in-canada). A growing population of licenses for outdoor growers means that there aren’t as many indoor licenses being given out... If a company **ANYWHERE IN THE WORLD** wants to **quickly expand into indoor growing OR into the west**, they would have to purchase an existing company that has the license to quickly do so. This is WAY faster, and a guaranteed way to obtain a license rather than applying for one and waiting x amount of months and be rejected for some requirement that wasn’t met. +* From my own experience, outdoor cannabis is subpar quality to indoor grown cannabis. So a growing market for outdoor cannabis doesn’t necessarily mean its better... it is likely just cheaper. I would imagine a high quality “craft cannabis” company would want to purchase SNDL, or an existing outdoor growing company that wants to quickly expand to indoor grown cannabis. With this being a Canadian company, there’s a chance a company in another country like Israel would be interested in purchasing it in the near future. + +&#x200B; + +**PLNHF (Planet 13 Holdings)** + +* Biggest tourist trap in Las Vegas if you’re a stoner, casual smoker, or just wanting to try it. From my own experience, I think they will continue to be successful. If I went around the US trying other brands I’d probably be more confident in putting 5-10% of my portfolio into those picks or choosing to not include them lol. Like for example, I used to have Curaleaf. But there's tons of bad feedback on Curaleaf, a friend has tried it said the nug is really subpar quality and if I tried their nug I’d probably confirm that I wouldn’t want to invest in them. With PLNHF, i’ve seen the ambience and tried the product myself. It’s definitely a lot of hype price wise, but still quality. This is my own bias showing, but I still think they’ve got solid fundamentals and excellent location/strong US branding. + +&#x200B; + +I’m well aware of other good stocks like GTBIF, CRLBF, SSPK, TCNNF, GRWG.. but these stocks **haven’t been swinging as hard in response to pro-cannabis news**. E.g. ***TLRY, SNDL, GNLN swung more than 20%*** some days from pro-cannabis news...I will likely reduce my current positions shortly after inauguration, after some news about the timeline for cannabis legislation, and diversify my positions more between these other good picks. + +&#x200B; + +**2021 is the year of cannabis boys** +I tend to just work, sleep, eat, and maybe watch a show or two (essential worker). I do not have the financial nor emotional budget to handle other people (even though I would want a relationship/friendship). In fact, the majority of what I do is based on the hope of one day having a relationship and friends that I care about. I just don't really put myself out there and now things feel much more chaotic. It feels like 2020 will be completely lost as far as social progression goes. + +How about yourself? +Hello Fellow Redditers and Cryptocurrency investors, + +Digital currency is tumultuously fermenting. Many people on this site are discussing what moves to make with their ETH, BTC, etc. It is during times like these that I like to remind people of the Greater Fools Theory. I fear this is causing the current direction of Cryptocurrencies, and I urge people to get back to focus on what cryptocurrency was created for... PAYING FOR THINGS. Only then will it have true intrinsic value. + +THE GREATER FOOLS THEORY is a Financial theory that states, **A price can be justified by a rational buyer under the belief that another party is willing to pay an even higher price.** Simply put it means a reasonable investor could buy something that has no value only because s/he thinks someone else will buy it later for more. This almost always leads to a bubble and a crash. + +If we all want cryptocurrency to succeed, we must ensure it builds intrinsic value. We must demand that retailers accept it as payment, we must USE it, not just INVEST in it. Next time you buy something from an online retailer, just ask them, "How can I pay with *Ether, BTC, LTC, etc?". + +TL;DR People buy cyrptocurrency only because they think they can sell it later at a higher price. It won't be worth anything until people start using it. + +Disclaimer: This is meant as a partial point of view, not a law. I ultimately BELIEVE in the utility of digital currency and am invested in it. This was more of a cry to the community to use it, not just invest in it. +Hi guys, 2021 is already coming to an end, and soon 2022 with its own trends awaits us. I would like to know your opinion, which tokens are you betting on in 2022 and why? + +Personally, I bet on NEAR and Matic. + +NEAR and Matic are two very fundamental projects that have shown excellent growth in 2021 and I believe that in 2022 they will grow even more. +Our flair system has been badly damaged. It has now been 1 month since the original post by the mod team [announcing the flair overhaul](https://www.reddit.com/r/Superstonk/comments/qe96t2/weekend_update_extreme_makeover_home_edition/?utm_source=share&utm_medium=web2x&context=3). If you would like a recap of what’s happened please read my [last thread here](https://www.reddit.com/r/Superstonk/comments/qrpdyj/our_flair_system_has_been_badly_damaged_please/). + +**Please take some time to read this as some critical changes have been made, and I need your help to get these problems fixed. New flairs as of a month ago still do not link to content from the old flairs. We’ve made some progress but the bulk of the issue has still not been taken care of, we are stuck in limbo.** + +There was an announcement by the mods admitting fault for the issues with the flair, and mention of how it can be fixed, but we still have made no notable progress. Their announcement was made a week ago, [it can be found here](https://www.reddit.com/r/Superstonk/comments/qtnf53/post_flair_update/). + +They said they intend to create a script that will go back through posts and switch old flairs to new flairs. u/platinumsparkles gave me a screenshot from an admin that says “each flair is unique. If you delete a flair, recreating one with the same parameters isn’t the same flair and as such won’t be searchable.” Which is correct. They did bring back the DD and possible dd flair after my last thread, many posts made after the flair overhaul had their flair changed to the old DD flair, from the new due diligence flair. This suggests these flairs weren’t deleted, rather made mod only. They have since been hidden again, or deleted. We can only say that for those 2 flairs, as those are the only 2 that were shown again. The rest may be deleted. For what flairs are deleted, yes, reverting Isn’t possible. Which leaves us with the option of changing important posts with old flairs, to new flairs. **I’m going to assume all have been completely deleted to avoid an unnecessary variable for the rest of my thread.** + +In order to effectively tackle this issue, I’m laying my suggestion of how this should be handled. Please feel free to bring in your own suggestions as well, I’m prioritizing flairs in terms of what flairs hold the most beneficial content to the community. + +**Priority 1** + +1. DD +2. AMA + +All posts under these two flairs can be fixed, they can have their flairs changed from old to new and be done with today. Manually, no script is needed. The volume in AMA is minimal, as well as DD. DD has more but still can be done in a reasonable amount of time. + +**Priority 2** + +1. Possible DD +2. Education & Data +3. Discussion + +These flairs have important content but have larger volume, this will take time to change post flairs from old to new, but can still be done manually. With the help of some volunteers, if the mods decided to permit that, this could be done in a reasonable amount of time. + +**Priority 3** + +1. Questions +2. Moderator +3. Daily News +4. MEGA Thread +5. Daily Discussions +6. News & Media + +These flairs do have some valuable content, but lower on the totem pole. Would be preferable to have a script here specifically for questions as that would have the most posts, the others could be manually switched but again low priority as the first two tiers have the bulk of the good content. + +**Non priority** + +1. Social Media +2. HODL +3. Meme +4. Fluff +5. Shitpost +6. Art & Writing +7. Stonky Pets + +These are the lowest value / non priority. There is a mass amount of content here that offers very little valuable content. I would only suggest bothering with these if there was a script to do it. + +While I've attempted to focus on fixing a primary part of the issue, here's an excerpt from my last thread highlighting the issues we had and still have. AMA is now linked but the new ama does not link to any of the old ama's associated with the old flair. Neither AMA flairs old or new are included on the mobile menu. + +**So what are we left with? We now have 4 separate sets of links to flairs on desktop, 3 on mobile. Some link to the old content, some link to the new, some link to both, half don’t work on either. New flairs that will be used will not link to old content. Still missing some flairs, such as AMA no longer being linked at all, so people no longer have that reference back to the crucial AMA’s we’ve had.** + +This is not a hard problem to fix, it simply needs to be done. [I’ve offered to volunteer my time as a temp mod for this to be fixed](https://www.reddit.com/r/Superstonk/comments/qsf355/comment/hke966z/?utm_source=share&utm_medium=web2x&context=3). Here is [the response I received by](https://www.reddit.com/r/Superstonk/comments/qsf355/comment/hkema8y/?utm_source=share&utm_medium=web2x&context=3) u/platinumsparkles. It seems I’m not trusted, that’s ok. Any of you reading this, if you’ve got experience with flairs and would like to help maybe you can attempt to volunteer. It seems that they need the help to get this done, and I’m certain there’s plenty of people here that would be happy to help solve this problem. + +This thread is a continuation of previous threads where I’ve attempted to bring attention to these issues and get this fixed. + +[https://www.reddit.com/r/Superstonk/comments/qrpdyj/our\_flair\_system\_has\_been\_badly\_damaged\_please/](https://www.reddit.com/r/Superstonk/comments/qrpdyj/our_flair_system_has_been_badly_damaged_please/) + +[https://www.reddit.com/r/Superstonk/comments/qo4vuf/the\_discussion\_flair\_has\_been\_removed\_and\_this\_is/](https://www.reddit.com/r/Superstonk/comments/qo4vuf/the_discussion_flair_has_been_removed_and_this_is/) + +[https://www.reddit.com/r/Superstonk/comments/qmjzmg/the\_discussion\_flair\_has\_been\_removed\_and\_this\_is/](https://www.reddit.com/r/Superstonk/comments/qmjzmg/the_discussion_flair_has_been_removed_and_this_is/) + +[https://www.reddit.com/r/Superstonk/comments/qlzukz/the\_discussion\_flair\_has\_been\_removed\_and\_this\_is/](https://www.reddit.com/r/Superstonk/comments/qlzukz/the_discussion_flair_has_been_removed_and_this_is/) + +**This is a problem that needs to get fixed and while it has been addressed in an announcement it has not been corrected. Please help me get the word out about this and get these issues resolved.** + +adding in here an additional update provided by u/jsmar18 5 days ago [https://www.reddit.com/r/Superstonk/comments/qv6unp/post\_flair\_update\_2/](https://www.reddit.com/r/Superstonk/comments/qv6unp/post_flair_update_2/) +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! + +Brian Armstrong, CEO of Coinbase, tweeted, as follows... + +“Coinbase doesn’t have any material exposure to FTX or FTT (and no exposure to Alameda)… This event appears to be the result of risky business practices, including conflicts of interest between deeply intertwined entities, and mis-use of customer funds (lending user assets)… we don’t engage in this type of risky activity… + +“We don’t do anything with our customers’ funds unless directed to by the customer. We hold all asset dollar for dollar, and users can withdraw their money at any time… We are incorporated in the US, and publicly listed in the US because we believe that transparency and trust are so important. Every investor and customer can see our public audited financials, which shows how we hold customer funds. We’ve never issued an exchange token.“ + +Furthermore, from Coinbase CFO Alesia Haas: + +“There can’t be a “run on the bank” at Coinbase. As you can review in our publicly filed, audited financial statements, we hold customer assets 1:1.“ + +“We are in a strong capital position. Our public, audited financials confirm that we do not have a liquidity problem – we largely hold our assets in USD.“ + +“We have an experienced, dedicated risk team. Members of our team have decades of experience managing trading and credit businesses across a range of economic cycles.“ + +Disclosure: I'm long-term 256.828 ETH, all of which are stake at the current yield of 4.30% APY in ETH rewards. r/glta_eth +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I am starting a small electrical business and in my industry I always hear of Xero being used, but rarely QuickBooks. Curious as to why this might be the case. + +A bit of a browse, and I think visually, QuickBooks seems more appealing to me. + +Any advice would be great, thanks! +BeachBody is going public combined with MYX Fitness (PTON competitor) and OpenFit, under ticker symbol $BODY (currently F R X). Shaq, Lebron, and Arnold are all shareholders. Sounds meme-y, I know. The financials are solid here. + +**Quick Financial Overview:** 1.1B (est) revenue for 2021, 68% gross margins on that rev (which is better than NFLX, DIS, PTON, etc). Digital subscriptions have 89% margins. 43% YoY revenue increase for Q1. Added literally a million subscribers YoY. 400M free cash on the books upon merger w/ no debt. Also expanding to 10+ countries in the future. Growth company imo. Connected at home fitness will disrupt the gym industry, again imo. + +**PTON Comparison** + +A simple google search will show that MYX has the cheapest bike among competitors. Cheaper is obviously not always better, as a lot of times quality will suffer. I'm thinking about this like a caveman in that I believe people who want to be involved in this type of fitness will first look for the cheapest option. I mean who gets more foot traffic, Walmart or Whole Foods? I have seen mostly good reviews and comments on social media about MYX bikes. The most negativity I've seen were complaints about shipping times, but also that customer service has been very responsive about this issue. I will say PTON has a cult following, and the affluent type will probably not settle for less. Here are some price comparisons of starting prices among connected fitness bikes. + +NordicTrak - $2k + +Proform - $1.5k + +SoulCycle - $2.5k + +Peloton - $1.8k + +MYX - $1.3k + +**Future of At-Home Connected Fitness** + +Why would people continue to workout from home after the pandemic is completely over? This is a valid question, but I fully believe people will continue to do so. A study conducted by Wakefield Research in July 2020 concluded that 87% (of 1000 participants) who plan to return to the gym say they will continue to work out at home at least some of the time. Links to those are [here](https://www.businesswire.com/news/home/20200817005351/en/The-Future-of-Fitness-Americans-Embrace-a-Hybrid-of-Home-Exercise-and-Gym-Workouts) and [here](https://www.beachbodyondemand.com/blog/home-workouts-future-of-fitness). A survey of 3500 American by *The New Consumer* and Coefficient Capital found that 76% of people have tried working out at home during the pandemic—and crucially, 66% prefer it. Among millennials, the number is even higher: 82% made the switch and 81% like it more. Link to article [here](https://www.fastcompany.com/90587575/gyms-arent-coming-back-heres-how-youll-work-out-in-the-future). + +**Tech in Fitness** + +Anytime you throw tech into an industry or sector, it instantly becomes more attractive. This is exactly what BB, MYX, and OpenFit are doing. 2020 saw a serious surge of fitness apps being downloaded. OpenFit has good ratings on the app store, 4.9 stars from 15k reviews. (App is also backed by Arnold and Lebron) People like the idea of being connected in their workouts, giving them the ability to compete with friends and strangers alike. There is a YouTube account called Garage Gym Reviews, this guy makes a living reviewing equipment and how that equipment will fit in your garage gym. He recently reviewed Tonal, and spoke on how tech connected fitness will be a huge market going forward. Some people will obviously not be able to afford to build a garage gym, or $3k Tonal, or an expensive exercise bike. This is where a $99/year BB subscription could come in. + +**2021 Q1 Financials** + +Total Revenue: $243M - 43% increase YoY + +Total Subscriptions: 3.2M - 39% increase (record high) + +(Not an actual earnings report, assumed to be released after merger) + +**Future Plans & News** + +Here’s where they’re really making moves. Carl Daikeler (CEO of BB) and BeachBody has been operating on free cash flow and has been profitable for 20 years. Upon this deal closing, they’ll have what they referred to as a “war chest” of $400M free cash (with no debt) on the books for M&A, marketing, and expansion. + +**International Expansion** + +The team has recently stated plans of expanding to 10 countries in the near future. + +**BeachBody on Demand Interactive (BODi)** + +BeachBody, historically known for their workout DVD’s and many famous programs (P90x, Insanity, 21 Day Fix, etc), successfully made the transition to streaming On Demand. They are taking it a step further with the addition of BODi, live virtual classes. This additional feature is priced at $20/month on top of BOD which is currently $99/year. (Remember 89% margins on digital subscription revenue). Link to that article [here. ](https://tbc-cms-prod-assets.s3.us-west-2.amazonaws.com/tbc-cms/wp-content/uploads/2021/05/19060123/BODi-Press-Release.pdf) + +**OpenFit PartnerShips** + +OpenFit (backed by Lebron & Arnold) recently announced a partnership with Concierge Health, a technology platform that provides health engagement solutions to reduce healthcare costs. Concierge Health has a user base of 150M People, which will now have access to OpenFit and receive credit for completing workouts through the app. (Again, 89% margins) Link to that article [here. ](https://www.businesswire.com/news/home/20210609005208/en/Openfit-and-Concierge-Health-Announce-At-Home-Exercise-Incentives) + +OpenFit also has a partnership with LA Fitness, giving all of their gym members access to the app for $5/month. Link [here.](https://www.prnewswire.com/news-releases/fitness-international-to-provide-its-members-with-openfit-the-all-in-one-digital-fitness-nutrition-and-wellness-platform-301277399.html) + +**Meme Potential** + +Hate me or love me for this aspect + +* $BODY ticker (hard to ignore) [This](https://www.cnbc.com/2019/10/01/stock-picking-buying-a-winner-is-easy-just-find-a-cool-ticker-symbol.html) article details a study that concluded that companies with cool tickers tend to outperform the market better than companies without. Or something like that. +* Comparison to PTON +* Arnold, Lebron, and Shaq are all confirmed shareholders. Collectively, they have 128.7M followers on IG alone. You can imagine what will happen if they start being vocal with their involvement in the company. +* [Here ](https://vimeo.com/561655635)is a message from Shaq to shareholders, hilariously scripted but hey it’s Shaq +* Kevin Mayer and Tom Staggs, both former Disney execs, will be staying on the BeachBody team to help with future growth, post-merge. Kevin Mayer played a large role in the success of Disney+, also former TikTok CEO + +I assume that once the merger is complete, these three will be able to participate in PR and marketing for the company. The team has stated that there are certain SEC rules against this until the transaction is complete. + +**Bear Case - MLM** + +BeachBody has been accused of being a Multi-Level Marketing Scheme. While it is true that BB coaches are incentivized to bring on other coaches and sell Shakeology, it is not mandatory. In fact, employees and coaches are not allowed to have products on hand (shakeology) which is typical of a true MLM. Because of this, it’s a non-issue to me. I don’t find this company to be unethical, as they have truly helped people to change their lives in a positive way. Plus, I’m a believer in personal responsibility. As stated previously, coaches CANNOT have product on hand, and become coaches on their own free will. You can become a coach and never sell a single product or bring on another coach. No gun-to-the-head style sales tactics. If anything, it’s more closely related to affiliate marketing. + +Have some of the coaches used unethical tactics to make sales? I'm sure they have. Happens in business. They've also helped millions of people get into shape and be more healthy. By utilitarian ethic standards, I believe they are ethical. You should do your own research and come up with your own conclusion. + +**Final Thoughts** + +All in all, this is a financially solid company with plans for growth and expansion (in an industry that is expected to have a CAGR of 33% by 2027, $59B) which happens to have a few meme-like qualities. + +**TLDR;** Cheapest bike, home workouts here to stay, tech good, Shaq, meme + +Not a financial advisor, not financial advice + +Positions: 259 $20C Feb, 33 $17.5C Feb + +Edit: Link to the latest investor presentation [here.](https://static1.squarespace.com/static/5f75fdc89cf35e7524ec4b54/t/60c0a9adab80500e09580179/1623239095086/The+Beachbody+Company_Investor+Presentation_June+2021.pdf) + +Link to MeetKevin interviewing leadership [here.](https://www.youtube.com/watch?v=grBMbs0RpmE) + +Link to Benzinga interview with BeachBody CEO [here.](https://www.youtube.com/watch?v=Dae5_d3ciOM) + +&#x200B; +Hi, so my broker is being very inconsistent with his messaging. From day one he say we would have no problem getting this loan and it's almost guaranteed to be approved. + +Last week he said it was with LMI and it was being held back because my partners new employment. + +LMI then didn't approve the application as she started a new part-time that she hasn't had previous experience in. + +Yesterday they said 'you will get three offers tonight' + +Today I got a message saying they need more times to do the numbers to make it work....and it can be another five days. + +The financial clause ends Monday. He is requesting a extension however I doubt we are going to get it. + +Honestly, does it really take this long? Can LMI not approve a application because of change of employment even though the bank approved? +Apologies in advance for being a total noob. I’ve just created a self wealth account and want to buy some vanguard ETF shares. I’m thinking of just VAS for now, but that’s probably because I don’t know anything and it seems adequate for my purposes. I’m looking for a set and forget investment for the long term (10+ years). + +1) What’s the easiest ‘set and forget’ ETF(s) with built in diversification for the long term I can buy through self wealth? E.g VAS, VTS. + +2) What is the minimum I should purchase at a time for maximum efficiency? $5,000 per trade? $1,000? + +3) How will all this work with tax? Do I have to do anything extra at tax time owning ETF shares? + +4) Are dividends with ETFs a thing? + +5) Is investing in just one ETF a really stupid thing to do? Am I supposed to be building a portfolio of them instead? + +Any advice would be really helpful! +As the title says. This seems pretty crazy to me. Good buy? + +http://microsoft-news.com/microsoft-stock-price-down-more-than-10-since-morning-losing-30-billion-in-market-value/ + + +👋 Hello All! + +I’ve been running the wheel for a while now, usually happy with the gains, until the stock I’m selling calls on shoots up a crazy 50-100% overnight. + +Eg. Tilray was a sweet deal, until the WSB guys heard of it, and now it’s gonna be a pump and dump - such a waste! + +I have been getting a sweet 10% a month through wheeling, but it just breaks me to see myself losing so many opportunities of unrealized gains. Is anyone else struggling with this too? How do you tackle it? + +I know this is part of the deal - otherwise no one would pay the premium. But, I’m looking for any way you guys are tackling this crazy bull market. Everything... EVERYTHING flys up, usually for no good reason compared to the jump percentage. + +Also worried a bit about all this overvaluation. Not sure how we should prepare for a big nosedive, which might come out of nowhere. Any strategies to make the most of the bull market, while running a fair wheel in the back, while also being prepared for a crash if it might come? +1. Let’s say, hypothetically, I sell CSP on *ticker* at 11$ strike and it runs ITM to 10.50$ and I am assigned. Assuming this is a stock I like and would want to buy, should I “double down” and sell another CSP at say, 10.50$ or 10$ strike? + +2. Furthermore, would it be wise for me to sell a CC on my freshly assigned shares, at the same time I’m selling a CSP? Do you think this would be hard to keep track of? + +I hope I made sense. I already have my own answer and opinion, but would like to hear yours. Perhaps you’ve tried this. +Please use this thread to discuss whatever you traded last week or are planning on trading next week; pics for positions risking over $2000 are required as this can give you credibility since your 'money is where your mouth is'. This means any naked put sold for a stock over $20 requires verification. + +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep bragging to a minimum; remember every dollar you make is a dollar someone else lost. + +Since this thread is likely to fill up quickly, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Hi everyone. I thought I’d share a lesson that I knew (and eventually disregarded) but was painfully reminded of last month. I hope that any new day traders like myself can save some money after reading this. Since July 2020, I’ve been trading with a real account anywhere from 3-5 days per week from 6:30am to 7:30am PST before my day job. I was really trying to stick to my day trading system and rules. One rule that I had set, like many, was never risk more than 1% of my account per trade. I started breaking this rule mid last month (Jan 2021). It worked for one or two days. This of course led to overconfidence and trying to risk even more $ per trade and then... a huge crash that pissed away several months of gains. Fortunately it didn’t wipe out all of my gains since July 2020 but I came damn close to it. I could have been majorly in the red and undid all of the discipline I practiced up until the last month. One thing I’d also like to point out is that even after I had that little crash, I continued to break my 1% per trade rule in an effort to make up my huge loss. I came to the realization last night that when I have my next loss, I’m just setting myself up for another BIG loss which could certainly put me in the red. Starting next week, I’m back to my 1% per trade rule. I’d really like to get anyone’s feedback here on your risk-per-trade strategy and how it’s worked for you. Trade safe everyone. +I’m 28 and making decent money. I always see posts of people in their mid 20s saying they bought their first home. + +I’m just wondering is there a financial incentive to do this, or is it just a case of it’s just what they wanted? + +My reasoning for renting is that I am single and don’t like the idea of buying a somewhat “permanent” location so soon in my life. Buying a home seems like a big commitment and I quite enjoy having the flexibility that renting gives you. + +But was just wondering is there an angle on buying a home that I may be missing? +I’m being kicked out at 18 me and my mom gotten into a huge argument which lead to things going to far. I’m currently still in high-school and I have 1 month left… + +I have my social security number,I.D,birth certificate,phone,plane credits,1700$ to my name. I also don’t have anywhere to go and no friends to help me. I was planning on moving in with roommates if I find some but how can I explain my situation to them? + + +Edit: I’m located in the United States. +Anyone thought about diversifying or moving assets outside their country? Most people I know have all assets with vanguard etc or mortgage on us property... + +What happens if something like war or disaster strikes (or oppressive govt laws etc)? Nazis took all Jewish money even if they wanted to leave before Holocaust... Japanese interns often lost all property, and that was here in the usa ... This has happened a lot through history. + +Any thoughts on how to protect / keep in family? Swiss bank? Property ownership overseas? + + + +Before Amazon announced its new HQ2 location in Arlington, my fiancee and I were considering the newly dubbed "National Landing" neighborhood to rent in after we get married in January. Our lease in DC is up in June. We had liked the idea of getting another bedroom or two for the same price as our walk-to-work 1BR and the lower VA taxes were also attractive (at our income, VA's lower taxes could net us $15k+/year). We thought that we would rent for another 3-4 years before looking to buy. + +With the HQ2 announcement, some prognosticators are predicting that housing prices will rise swiftly and we're worried that we could end up being priced out of Arlington/National Landing if we wait to buy. We're also concerned about being on the outside of a great booming housing market near HQ2. I'm curious what the wisdom of FIRE is on this. + +Here are a few thoughts on the topic. + +\- Apartments we are considering are currently renting in the $3k/month range, although we shall see what Amazon's announcement does to those rents between now and this summer. That's a lot of money to spend on rent but, with our work hours, the convenience of high-amenity buildings and location (quick commute) are valuable. + +\- Houses/townhomes we are considering are in the $8-900k range. Again, the arrival of HQ2 may push prices up, so we'll see where the prices are in a few months. + +\- We have not owned before and we generally prefer investing in the market (passive) over RE investment. + +\- If we bought now, we would essentially be buying more house than we need now with the hope that in 5+ years, when likely would need more house, we would have locked in our housing at pre-HQ2 prices. + +\- I am considering taking a lower paying, less stressful job within the next 1-2 years that would lower our HHI to approximately $300k/year. + +\- Our FIRE objectives are more about the flexibility of FI than the complete freedom of RE. We both intend to keep working at least another 15 years. + +**Information about our combined financial situation is below.** + +Cash on hand (checking + savings) = $70k + +CC debt = $-8.5k (we pay off monthly) + +Taxable = $72k (80% FZROX/FZLIX in 75/25 ratio; 20% FXNAX). No capital gains. + +401ks and IRAs = $140k (80-20 in comparable funds to taxable) + +529 = $15k + +Annual income (base salary plus expected bonus) = \~600k/year, depending on bonuses. About half of our comp is paid in year-end bonuses (\*knock wood\*) and if we were to buy we would keep our bonuses in cash for the downpayment instead of plowing them into our taxable accounts at our asset allocation. + +Annual expenses = shy of $100k. Still working on effective tracking given time demands at work, many reimbursable expenses due to work travel, and not-yet-merged finances. As detailed in an earlier post, we started our current jobs with a combined $-400k+ in student debt. We killed that within 2.5 years and are now working on building our 'stache. + +&#x200B; + +ETA: Thanks for all the thoughts. There's a lot to consider here and your perspectives are great. +We all have different interests, different locations, different situations. There has definitely been an increasing threshold over the years to what most consider FatFIRE territory. This is typically expressed as a singular NW number that doesn’t necessarily apply to all life situations uniformly. I would be curious to see others define FatFIRE in a number of common areas. + +Home(s): + +Children Education: + +Career: + +Travel: + +RE age: + +Discretionary Spending: + +Charitable: + +Legacy/Support: + +Other: + +What does this life cost in your area?: + +NW goal: + + +Feel free to use these or add others to accurately define your views. + +Home(s): 3000+ SF current home, one extra bedroom, nice neighborhood with good friends. Consider upgrading to 4-5k sf but don’t really want to leave current. + +Children Education: In a great school now. 6 figure Assets in 529 for college. More available outside that as necessary. + +Career: FI status allowed me to move into a lower stress/responsibility role with equal pay but probably lower future opportunity. Way happier now. Living for today, not the future (big change). + +Travel: We travel a lot to great beach/mountain locations. Use points for airfare. We do look for good deals on this stuff (I think it’s just hardwired in my brain to get good value). Could travel first class, but don’t because we would rather take more trips than have the nice seat for a little while. I’ve traveled up front for work a decent amount and enjoy it but don’t really value it that much on my own dime with kids. + +RE age: Could do it today but will likely pull trigger in next 5 years. Before 45. + +Discretionary Spending: Would likely be half of overall budget. + +Charitable: Donor advised fund fully funded with appreciated securities to work like a endowment/foundation. + +Legacy/Support: Plan to spend low enough % that the amount will ideally keep growing throughout my life and pass on the assets along with appropriate guidance and education so they can handle it. + +What does this life cost in your area?: ~80-100k base, likely target 150-200 for lots of extras. + +NW goal: $5-10M. Near lower end now. +ive noticed that literally nobody upvotes anything here, god forbid actually giving an upvote to help put towards another members "moons". + +why is this? + +do we not want others to recieve? are we really at that point as human beings where we are in such constant competition with one another that we stop giving out upvotes on a forum post due to fear of not holding as much digital assets as them? are we afraid? is it a rebellion? + +or was it simply a bad choice to incorporate this system into a reddit sub? i mean, every single sub o reddit is filled with top posts with a ton of comments and upvotes of people liking stuff, but here, the only sub where upvotes are pretty much monetized.......its just a sea of posts and comments with zero upvotes. Its kinda sad that we all talk of a better future, and growth as a community, but we fail at the simple notion of clicking the upvote button for fear of what others may have. +Hi! I’m 26 years old and recently began investing. I’ve had a 401k since I was 22 and have contributed about 6% of my income to it (plus company match). I recently started investing a bit through fidelity (VOO). I began in august and have contributed a couple hundred dollars a month and so far have only lost money. Am I doing something wrong? I feel like I should be up overall if I’ve been investing 6+ months. Please go easy on me I’m still learning!!! +"It's the highest since 1981." + +I'm sure you read that headline a dozen times today. It's completely empty, because: + +# THE INTEREST RATE IN 1981 WAS 20% + +Yes, 20%, and also: + +# THE FEDERAL DEBT IN 1981 WAS $980B + +That's right, it hadn't even broke $1T yet, and lastly: + +# FOREIGN DEMAND FOR TREASURIES IN 1981 WAS GROWING + +Compare all the above to today. We have 0% interest rates, $31T in debt, foreign demand for Treasuries peaked in 2017 and has been declining since. You really have to ask yourselves how the USD is not trapped. There's no way out of this. None. If you raised rates even to 3% (one-third of inflation) the annual interest alone on that would be the size of a Covid bill. This is the boldest tweet of 2021: + +https://preview.redd.it/jzv8rvwd5w491.png?width=640&format=png&auto=webp&s=db1ff935b9459ecca938927bd70e0e16756e095a + +And there's no situation where that doesn't happen in the next 24 months IMO. When a currency goes hyper, there's no coming back from it. Taming inflation doesn't mean prices go down. It means prices stop going up. But when trust starts to erode, the faux ways to stop it from accelerating are revolution, or retiring anybody that can say otherwise, which traditionally is accomplished through war. The problem being of course, that we can't have any direct conflict with a major power, because if we did, we'd go hyper instantly. $120 bbl oil and $9 natural gas would turn into $300 oil and $20 natural gas. Such a thing would cost trillions waging and trillions in losses. And this is my greatest fear from a game theory perspective--that China does a naval blockade on Taiwan before the People's Congress which decides Xi Jinping's political future. Whoever owns Taiwan owns the 21st century. If you're China you can force the US into one of two terminus decisions this late in the debt cycle: + +* Go to war and go hyper, with no guarantee of victory +* Don't go to war and lose the 21st century + +[https://youtu.be/p6sCsOdqXQw](https://youtu.be/p6sCsOdqXQw) + +**Conclusion:** + +But unlike any point heretofore dear reader, there's an asset waiting in the shadows, and it can step out from the shadows for anybody anywhere as a capital flight release valve, and governments have no ability to stop their citizens from opting-out and saving themselves. ₿ +I’m in my late 40s and planning to exit a company I co-founded. Long story short, I was a minority equity holder in a business that we sold to a PE firm just over a year ago. + +&#x200B; + +**My financial situation:** + +\- $11.5 MM liquid (95% post-tax money) + +\- $1MM in home equity and about $1MM in mortgage debt + +\- \~$2MM still in the business (combination of what I “rolled forward” in the PE transaction and my vested incentive equity since the PE transaction). My expectation is that this will grow to $3-4MM by the time I get liquidity. The absolute worst case I could imagine is that the business falls apart and this is worth $1MM when I get liquidity. + +&#x200B; + +**My personal situation:** + +Two teenage kids…headed toward an empty nest in just under 3 years. Wife has been a stay-at-home mom for the past 17 years and has no desire to start working outside the home. It feels (to me) like she’s heading toward a “what am I supposed to do now?” situation as the kids are significantly less dependent on mom for day-to-day support. + +From a work/life balance perspective, my past decade has been pretty unbalanced (toward work). Our marriage is good, our kids are happy and well adjusted…but I have some regrets about how heavily the business has figured into my life overall. My hobbies, friends and overall well-being have probably suffered a bit. + +&#x200B; + +**My goal:** + +Build a “next chapter” professionally and personally. I’m hoping to deploy \~$1MM in private company investments (was thinking 4-6 investments total) that provide a nice return while also giving me an opportunity to advise / participate at an operational level in the businesses I invest in. + +Another option I’ve thought about is pursuing an “operating partner” role within a PE firm – someone that can be deployed into a portfolio company as an advisor or for project-based work. + +No matter what I do, I’m trying to keep “work” to under 20 hours per week so I can also focus on building a “next chapter” life with my wife. + +&#x200B; + +**My question(s):** + +*Has anyone here gone down either of these roads? How did you get yourself in a position to see investment opportunities (angel funds, entrepreneur community events, etc)? Has it been fun? Has it been lucrative?* + +*Has anyone here made the “empty nest” transition around the same time as retirement? How has that gone? What suggestions would you have for someone about to go through it?* +Curious if anyone has any experiences from the 80s and 90s. Did you find that after high inflationary periods that wages grew with the times? Did you get CPI increases back then? + +These days people say the best way to get a pay bump is to move jobs but I don’t think it was that common back then. + +I guess life had less luxuries back then too. People these days can cut back on subscriptions but they aren’t giving up their iPhone. Was an increase in the cost of living significant back then or was life generally easier to spend less than we do now? +&#x200B; + +My net worth in mint hit 1.5 million today. I am 44 years old and didn't start seriously thinking about FI until my late 30's. I had been pretty much expanding my lifestyle with every expansion of my income to that point. But I decided enough was enough, and started auto-deducting every raise I've received since then. Some into retirement accounts, some into savings, some into a brokerage account. I've been able to do that with every raise ever since, and frankly, it made all the difference. Set it and forget it, and I've never missed the money. + +&#x200B; + +I don't expect to walk away from my job until I hit 55. Not exactly early retirement, but there's a good reason for it. I'm in a pension system and anything younger would really short change my pension income when I "retire". In fact, there's an age factor multiplier that makes it very tempting to stay past 55. But I want every day from 55 on to be a \*choice\* that I'm staying because I want to, not because I "have to". It's still a long slog ahead of me. I still have two kids to put through college. I have to keep everybody in the family healthy. Everything has to continue to go right. But I feel like I'm well on my way. + +&#x200B; + +I have roughly $800k (net) in real estate, $500k in stocks/bonds, and $200k in cash/t-bills. The real estate is between two single family homes, one of which I rent out. Most of the stocks/bonds are in retirement accounts. I'm stockpiling cash because I'm thinking about expanding the real estate portfolio, especially if there's a correction in the near future. + +&#x200B; + +If I have one tip, if you have a stable career, pick a lifestyle level which is comfortable for you, then have a policy that you'll autodeduct any raises as the years go by into investments. It works. + +&#x200B; + +Edit for FAQs: + +Gross income $215k. + +Tech company middle manager + +Personal savings rate: 43% + +&#x200B; +I hear a lot of false ideas when discussing personal finance with co-workers. Feel free to share things you have heard and include a short explanation of the flawed logic if necessary. + +Maybe you will see one of your thoughts on here and learn something new! + + +[https://i.redd.it/hibjqpvq7l8a1.jpg](https://i.redd.it/hibjqpvq7l8a1.jpg) + +Tesla is now trading at $106 AH. + + I noticed just a few small differences... + +* Musk liquidates billions in stock to buy Twitter +* Elon saying that he will sell BILLIONS MORE stock in 2025 or sooner +* Fed raising interest rates will hurt auto industry as a whole +* Tesla has a few more factories, Germany can't hire anyone due to uncompetitive compensation compared to other German auto makers, while Tesla is planning layoffs in US factories and temporary shutdown in China +* Elon thinks supporting alt-right will suddenly become environmentalists and embrace EV's instead of their redneck coal-rollers +* Elon thinks supporting Republicans will get him more EV support programs from Congress +* Consumer Reports rating Tesla as WORST in build quality (at a time when...) +* Legacy automakers catching up (Hyundai EV just won highest 5 star safety rating European standards) and have decades of established quality manufacturing standards +* Unpredictable Russia Ukraine war +* Higher labor costs +* Higher raw materials costs +* Chip shortage +* Higher logistics costs +* Musk alienating his first to adopt audience turning them against Tesla causing enough decline in demand that even $7500 off sale and 3x markdowns in China can't fix +* Tesla opened up charging network to nab some capital from government grants but shooting themselves in the foot at the same time +* A little thing called GLOBAL RECESSION + +Tesla's record PE was 192. They're sitting at about 30. Industry average is about 6. + +Every bubble has to burst and we may have just witnessed Tesla's tulip moment. +posted this literally yesterday pointing out shorts were at an ATH +https://np.reddit.com/r/CryptoCurrency/comments/8bdgkl/signs_that_the_bears_are_going_into_hibernation/ + +/u/arsonbunny theory about the [BART formations] (https://pbs.twimg.com/media/DZQ1oTYVMAA_-bs.jpg) may hold merit after all. + +https://np.reddit.com/r/CryptoCurrency/comments/8aymhw/how_and_why_exchanges_are_manipulating_the_price/ + +textbook market manipulation. + +sharp drop 4 hrs prior to the flash bull run. baiting more retail investors to short the market. + +let's see what happens next... +I’m not trying to be another negative post on here, but I would be curious to know what examples there are of crypto being an improvement to anything currently that we use in the real world? + +A huge pillar and reason I started investing around a year ago and at major pace was it changing the way we bank/finance. We now see how broken that’s been… + +Seems like one land mine after the next. + +It’s been said over and over, crypto seems to only solve crypto problems. + +Would love to hear your thoughts. +Just wanted to give a shout out for everyone who feels the same as me. At the beginning of this guacamole I was really new to the stock market and there were times I was afraid and needed some backup (I always found it here, thanks to you all!). But I trained my psychological karate and in the meantime I realize I am in full zen-mode. + +I watch the ticker just one or two times a day and then I start upvoting a lot on superstonk. If I got some money left I buy more of my beloved stock. Then I send it to DRS from Europe and that's all. Waiting patiently for the rockets engine to heat up, while my eyes gaze upon the stars. I will gladly to this over the next years if they drag this out while I am totally aware the ship could start every day! What a time to be alive, I hope you can feel it too! Love you all! ❤🦍 +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. + +I didn’t panic sell NAK but the fact that a simple tweet with no direct implications to NAK can make it tank 10%+ in the matter of minutes just show how much people fear Hindenburg. Also they snakes for what they did to IDEX by posting fake information. +I work as a new grad ICU nurse. Had some chest pains and elevated heart rate at work and eventually, towards the middle of my shift, passed out over the break room table. Got rushed to the ER. Heart was in SVT going in the 200’s. Adenosine given x3 and cardioversion didn’t stop it so I was admitted onto the cardiac ICU floor. Didn’t have any insurance with my employer yet because I was so new but in 3 days it will kick in...I stayed a week. So I have 3 days of bills not covered, including the surgery, and copayments for what is covered. + +I have since been let go of that position because I had to be admitted again for the same reason during work having another stay in cardiac ICU. I’m assuming they can get away with firing me over medical issues because I was within my first 90days. + +Both visits amount to $120k. I am still unemployed with no current insurance so I haven’t been able to get back to work still having heart issues. I was told by billing at the hospital that because I drove an hour to work every day and don’t reside in that county, the hospital can’t consider me for any ‘charity’. I can’t let this ruin my credit and my life! What suggestions does anyone have for me?? + + +[UPDATE]: Hustled over the phone for days in a row to the different billing departments related to my hospital stays and surgery (anesthesia, radiology, physicians, more imaging, lab and I think that’s it). I thought I was getting nowhere. Evidently some lovely soul I talked to filed for charity for me, in my county, not the one I was hospitalized in even, and got me approved within a week. All I kept getting over the phone were a lot of ‘No’, ‘that’s not possible’ and ‘I’m sorry you don’t qualify’ over and over. I wasn’t ever told I was going to have a chance with charity or that they were submitting it for me. I called the hospital today to verify the $120k going down to $85, noting that, hey, I wasn’t complaining, I just wanted to know what happened. She told me someone filed for a charity she’s never heard of in my county she’s never heard of. What a super awesome amazing surprise to come home to that new $85 bill!!! I can handle that, just not $120K. + +Thanks to everyone for posting helpful comments, resources, advice and ideas! Reddit is truly a wonderful thing :) +Website: https://icon.foundation/?lang=en + +Block Explorer: https://tracker.icon.foundation/ + +Whitepaper: https://icon.foundation/resources/whitepaper/ICON-Whitepaper-EN-Draft.pdf + +Partnerships: https://icon.foundation/contents/team/partners?lang=en (Includes Bloomberg and Forbes) + +Roadmap: https://icon.foundation/contents/projects?lang=en + +You can check @PretzelMiser twitter's account as he posts about everything that is happening at the Summit. Link to his Reddit topic: https://np.reddit.com/r/helloicon/comments/7tztb4/icon_annual_summit_semi_live_tweets/ + +Link for the live stream: https://www.youtube.com/watch?v=gOF0QljFyHQ&app=desktop + +Vending machine accepting ICX: https://twitter.com/PretzelMiser/status/958554025850384384 +Hi folks, + +Can someone tell me if it's possible to find the owner of a house that's listed for sale? + +I've been looking at listings as I'm hoping to buy soon, but I'm suspecting that REAs are involved in some really shady tactics. + +A house was listed for sale at the start of the week and I saw it within the hour of the advert going up. I called the real estate three times this week, each time being told the agent was unavailable to take my call and would call me back but I never heard from them. I also submitted the inspection form online and heard nothing from that either. + +Today I called them again to be told the house has gone under contract. + +The agent didn't hold a single inspection. It's pretty clear to me that they're dodging calls to prevent the public from enquiring about houses, presumably to allow the house to be sold to someone they've made an arrangement with. + +Are sellers being told no other offers are coming through? Do sellers even know there are people trying to enquire about their houses and being ignored? Is there some way to find out who the owner of a house is so that next time I may contact them directly if I feel an agent is dodging calls? +The recent earnings miss doesn’t seem to scary considering Microsoft’s position on every desktop computer in every office in the world lol. So who’s buying? Or is there more room to fall? +Their financial looks solid, EPS growing, shares outstanding are getting lower, sales also growing slow but constant, operating margin growing, payout ratio between 75%-78% the last 10 years, p/e 8.8, yield 8.16%. + +It’s this a trap ? Or it is actually good ? Am I missing something ? +I’m new to dividend investing, and from what I see Honeywell seems like a decent investment. Dividend growth for 16 years, ~50% payout ratio, 2.63% yield. What are your opinions on Honeywell? +I know this sub isn't a very active sub and it seems like the only activity we see are these YouTube links but damn. Can this activity be stopped by the mods? I not only believe it is useless to watch these videos but also can be careless to those who follow their advice. So far any of the videos I have came across are from amateur investors that really do not know enough to give advice. I would rather have a sub with occasional insight and genuine questions than this garbage spam. And if you don't think it's spam look through any of these users posts and you will see the trend. +I don't get why everyone's panties are in a twist. If you want to maintain your dividend yield just sell the new shares (in warner/disc) and reinvest them back into an appropriate dividend stock (or AT&T if it has a depressed share price and thus higher dividend yield than expected. Might be a slight difference, but overall the change shouldn't be too drastic, right? + + +Plus, the new dividend will be safer, more secure, and in a company that is actually investing in a stable growth strategy +So I was told I needed to post this story on Reddit. So here you go when Bitcoin was just over a dollar, ($1.13) +I played an Online game With a friend who lived in Norway, the game was EVE online. We had been playing that game since 2004, and one day me and my roommate who also played EVE ordered pizza one day after work, and our Friend, will Call Him "Griff" he Wanted one too. So me and my roommate pitched in to buy him a pizza as we just got paid and felt generous, but it was hard to do a currency exchange with no fees and without waiting, so I found a website that sold Bitcoin, but minimum was 100, a total of 113$, and then convert BTC into viking bucks, then into intercontinental space pizza 🍕... And it ended up costing around 43 Bitcoins to accomplish that.. so in total. +43btc x $32.000 = $1,376,000 😅😅 + +But Here is the kick in the teeth for the one time use of the bitcoin purchase.. +I never used the other 67 Bitcoin ... that's sitting in a wallet on some website or email or hard drive that may or may not exist anymore and have no idea where or how to get access to it.. 🤷 +Thanks for reading, I'm still sad. +When I first got a job trading, my boss recommended a couple of books - everyone in the industry has read them. Many of you probably have too, but just in case I thought I'd post this list. I'd love to hear other recommendations in the comments - most of what I read is sci-fi, history, physics and AI. + +I'll also link to the Strand, because it's the best book store, and wherever possible we should try to not give money to monopolists like Amazon: + +* [Reminiscences of a Stock Operator](https://www.strandbooks.com/product/9780486439266?title=reminiscences_of_a_stock_operator), by Edwin Lefevre + * This is the classic. You must read this if you haven't. There's nothing new under the sun. What you're attempting to do with GME is to corner the market, a tactic as old as markets. I've read this book several times and it gets better every time. There's a [new edition](https://www.strandbooks.com/product/9780470481592?title=reminiscences_of_a_stock_operator_with_new_commentary_and_insights_on_the_life_and_times_of_jesse_livermore) available too, which I haven't gotten but have heard great things about. +* [Against The Gods: The Remarkable Story of Risk](https://www.amazon.com/gp/product/0471295639/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0471295639&linkCode=as2&tag=urvinai-20&linkId=43635b8d6bd06a5e37fbd6f8de072107), Bernstein + * This is the history of risk - how we understand it, and how that understanding has evolved. Traders that survive are the ones who understand risk. I've linked to Amazon because I couldn't find it on the Strand. +* [When Genius Failed: The Rise and Fall of Long-Term Capital Management](https://www.strandbooks.com/product/9780375758256?title=when_genius_failed_the_rise_and_fall_of_longterm_capital_management), Lowenstein + * The story of LTCM - the smartest people in the room who couldn't manage risk and nearly took down the US economy when they went bust. +* [The Misbehavior of Markets](https://www.amazon.com/gp/product/0465043577/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0465043577&linkCode=as2&tag=urvinai-20&linkId=baf61ff7c5fd646b8e1e82d45ffca496), by Benoit Mandelbrot + * This is more for the math geeks who want to read about markets and fractals. I've linked to Amazon because it's not available on the Strand's website. +* A Random Walk Down Wall St, Malkiel + * It's been a while since I read it, but I remember it being an excellent overview of markets and trading. It doesn't get deep into market structure, but it's comprehensive otherwise. + * [Strand](https://www.strandbooks.com/product/9780393358384?title=a_random_walk_down_wall_street_the_timetested_strategy_for_successful_investing_twelfth_edition) (only a couple copies left) or [Amazon](https://www.amazon.com/gp/product/0393358380/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0393358380&linkCode=as2&tag=urvinai-20&linkId=a4f466dfc73482a77ac3fee3a9ba3062) +* [Liar's Poker](https://www.strandbooks.com/product/9780140143454?title=liars_poker_rising_through_the_wreckage_on_wall_street) and [Flash Boys](https://www.strandbooks.com/product/9780393351590?title=flash_boys_a_wall_street_revolt), Lewis + * I'd be remiss if I didn't call out Michael Lewis (who I had the pleasure of meeting when he was writing Flash Boys). Liar's Poker is an awesome book about the bond trading culture. Flash Boys has some issues - he got a lot right and he got a lot wrong. But he really highlighted the conflict-of-interest that brokers face, and I thought that made the book worthwhile. +* Honorable mentions: + * [The Predictors](https://www.strandbooks.com/product/9780805057577?title=predictors_how_a_band_of_maverick_physicists_used_chaos_theory_to_trade_their_way_to_a_fortune_on_wall_street), Bass - I read this book in the midst of learning about complex systems and chaos theory, it's the perfect complement to that if you're interested in the intersection of trading and chaos theory. + * [Dark Pools](https://www.strandbooks.com/product/9780307887184?title=dark_pools_the_rise_of_the_machine_traders_and_the_rigging_of_the_us_stock_market), Patterson - One of the more accessible takes on modern market structure, Scott does a great job of illustrating the influence of HFT, broker-owned dark pools, and electronic trading. He also wrote [this article](https://www.wsj.com/articles/SB10000872396390443890304578006603819735098) about me, so he's cool. + * [My Life as a Quant](https://www.strandbooks.com/product/9780470192733?title=my_life_as_a_quant_reflections_on_physics_and_finance), Derman - A fun read about the origins of quantitative trading, the precursor to HFT. + +There are a couple of other much deeper books that get into market structure, execution cost analysis, and other more esoteric topics, but the books above are accessible for everyone and I think are generally great reads. +When I first got a job trading, my boss recommended a couple of books - everyone in the industry has read them. Many of you probably have too, but just in case I thought I'd post this list. I'd love to hear other recommendations in the comments - most of what I read is sci-fi, history, physics and AI. + +I'll also link to the Strand, because it's the best book store, and wherever possible we should try to not give money to monopolists like Amazon: + +* [Reminiscences of a Stock Operator](https://www.strandbooks.com/product/9780486439266?title=reminiscences_of_a_stock_operator), by Edwin Lefevre + * This is the classic. You must read this if you haven't. There's nothing new under the sun. What you're attempting to do with GME is to corner the market, a tactic as old as markets. I've read this book several times and it gets better every time. There's a [new edition](https://www.strandbooks.com/product/9780470481592?title=reminiscences_of_a_stock_operator_with_new_commentary_and_insights_on_the_life_and_times_of_jesse_livermore) available too, which I haven't gotten but have heard great things about. +* [Against The Gods: The Remarkable Story of Risk](https://www.amazon.com/gp/product/0471295639/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0471295639&linkCode=as2&tag=urvinai-20&linkId=43635b8d6bd06a5e37fbd6f8de072107), Bernstein + * This is the history of risk - how we understand it, and how that understanding has evolved. Traders that survive are the ones who understand risk. I've linked to Amazon because I couldn't find it on the Strand. +* [When Genius Failed: The Rise and Fall of Long-Term Capital Management](https://www.strandbooks.com/product/9780375758256?title=when_genius_failed_the_rise_and_fall_of_longterm_capital_management), Lowenstein + * The story of LTCM - the smartest people in the room who couldn't manage risk and nearly took down the US economy when they went bust. +* [The Misbehavior of Markets](https://www.amazon.com/gp/product/0465043577/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0465043577&linkCode=as2&tag=urvinai-20&linkId=baf61ff7c5fd646b8e1e82d45ffca496), by Benoit Mandelbrot + * This is more for the math geeks who want to read about markets and fractals. I've linked to Amazon because it's not available on the Strand's website. +* A Random Walk Down Wall St, Malkiel + * It's been a while since I read it, but I remember it being an excellent overview of markets and trading. It doesn't get deep into market structure, but it's comprehensive otherwise. + * [Strand](https://www.strandbooks.com/product/9780393358384?title=a_random_walk_down_wall_street_the_timetested_strategy_for_successful_investing_twelfth_edition) (only a couple copies left) or [Amazon](https://www.amazon.com/gp/product/0393358380/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0393358380&linkCode=as2&tag=urvinai-20&linkId=a4f466dfc73482a77ac3fee3a9ba3062) +* [Liar's Poker](https://www.strandbooks.com/product/9780140143454?title=liars_poker_rising_through_the_wreckage_on_wall_street) and [Flash Boys](https://www.strandbooks.com/product/9780393351590?title=flash_boys_a_wall_street_revolt), Lewis + * I'd be remiss if I didn't call out Michael Lewis (who I had the pleasure of meeting when he was writing Flash Boys). Liar's Poker is an awesome book about the bond trading culture. Flash Boys has some issues - he got a lot right and he got a lot wrong. But he really highlighted the conflict-of-interest that brokers face, and I thought that made the book worthwhile. +* Honorable mentions: + * [The Predictors](https://www.strandbooks.com/product/9780805057577?title=predictors_how_a_band_of_maverick_physicists_used_chaos_theory_to_trade_their_way_to_a_fortune_on_wall_street), Bass - I read this book in the midst of learning about complex systems and chaos theory, it's the perfect complement to that if you're interested in the intersection of trading and chaos theory. + * [Dark Pools](https://www.strandbooks.com/product/9780307887184?title=dark_pools_the_rise_of_the_machine_traders_and_the_rigging_of_the_us_stock_market), Patterson - One of the more accessible takes on modern market structure, Scott does a great job of illustrating the influence of HFT, broker-owned dark pools, and electronic trading. He also wrote [this article](https://www.wsj.com/articles/SB10000872396390443890304578006603819735098) about me, so he's cool. + * [My Life as a Quant](https://www.strandbooks.com/product/9780470192733?title=my_life_as_a_quant_reflections_on_physics_and_finance), Derman - A fun read about the origins of quantitative trading, the precursor to HFT. + +There are a couple of other much deeper books that get into market structure, execution cost analysis, and other more esoteric topics, but the books above are accessible for everyone and I think are generally great reads. +"Red Bull Racing Honda today confirms a new multi-year technical partnership with Tezos, the world’s most advanced blockchain, as the Team’s Official Blockchain Partner. The energy efficient blockchain Tezos has been selected by the Team to build its first ever NFT fan experience. + +Tezos is a pioneering and energy efficient open-source blockchain for assets and applications that, similar to Formula One, is constantly evolving with the very latest industry advancements. By design, Tezos uses a more energy efficient approach to secure its network which means it can operate cleanly, with minimal energy consumption and a negligible carbon footprint." + +[**https://www.redbull.com/int-en/redbullracing/tezos-joins-as-official-blockchain-partner**](https://www.redbull.com/int-en/redbullracing/tezos-joins-as-official-blockchain-partner) +The United Kingdom has raised their rates by half a percentage point. The pound has dipped on this news. These rates were last like this in the 2008 recession. + + +“Bank of England Governor Andrew Bailey has been under fire for allowing inflation to reach a 41-year-high of 11.1pc in October, more than five times the 2pc target. + +Policymakers will have been reassured to see that inflation fell to 10.7pc in November.” + + +Where do you think things lie for the UK from this point onwards? +Are they looking like they’re going to head into a deep recession due to the various macro economic difficulties that have occurred in recent history? + + +Source: [uk inflation rate - Telegraph](https://www.telegraph.co.uk/business/2022/12/15/ftse-100-markets-live-news-bank-england-interest-rate-inflation/) +About a month ago I went into the ER for chest pain. I just got the bill and my insurance didn't pay anything on it, I owe $1700. I can't pay this and I don't know what to do. I asked the woman behind the desk what I would have to pay because I wanted to make sure I could afford it but they took me back before she told me or even gave my card back. It says on the bill that $1643 was taken out as "adjustments" which was like half of what I owed originally, but it's still really high. Can I get it lowered any more? +I’ve approximately been looking for somewhere to buy for 2 years. Found somewhere, offer accepted. + +Then on Friday, I lost £2,772 off of the value of my portfolio, which is held in S&S ISAs. This was a l/t portfolio of 7+ years, which I had intended to buy and hold. + +If you were in my situation would you: + +* a) Sell accepting the £2,772 hit to finances +* b) Wait until exchange of house goes through (no chain) +* c) something else? + +If I did a) I would be £2,000 short of the amount I need, but would be able to get this back. + +Pro for A: +• Certainty, albeit needing to make £2,000 between now and Mid-June. + +Cons for A: +• House survey not yet done, full mortgage not yet approved only in principle. +• Not yet exchanged. +• High transactional fees of selling and rebuying if needed. +• Loss of years of ISA allowance which I couldn’t get back if purchase doesn’t go through. +I think in a relatively near future, Google will be able to solve any mathematical problem used in crypto in a matter of minutes. + +Bitcoin's mining system is based on a mathematical problem solvable in exponential time, which is comparable to a simple linear time algorithm for a qComputer iirc. + +How would you avoid the Google's supremacy over cryptocurrencies? + +What kind of algorithm is solvable in exponential time for a quantum computer? +Apple was hoarding cash through the market peak. According to their last balance sheet, they're sitting on $40 billion. Who do you think they'll buy first? Delta becomes iFly? +Now, I'm asking for a friend here. + +She recently (Wednesday!) had to run from her abusive Mother, grabbed very little in the ways of anything, about £30 total in her bank accounts. + +Council where she lived were no help (they rang her Mother, and the Mother said it was fine for her to return, so no help there), so she rang pretty much every helpline she could (Shelter, Refuge, local homeless shelters), no luck. + +Determined not to sleep rough again, she managed to get to another, distant county, to go stay with a friend - and of course, Bank Holidays happened. + +So now she has £20 to her name, she set up a fairly unsuccessful crowdfunding campaign, and has a couple of days left before the friend that she's staying with can't let her couch surf anymore. + +Oh, and she's been trying to deal with her chronic illnesses all this time, whilst waiting for her next benefit payment. + +What would you do in this situation from now? + +Edit: She's 29, the emotional abuse has been since childhood, and something like this has happened before, so I'll ask her to gather all the details from last time. She's also had to flee from her native Essex (where I am at the moment), to Sussex. I'm her back up plan for accommodation, because her parents are quite capable of finding her in Essex. +I have been trading options for about 3 years and after exploring what worked for me I finally started seeing consistent profitability the 2 year mark by focusing on scalping. I started with a small account and honestly prefer it that way, I keep about 10k-15k in a cash account at a given time and usually trade during the first 2-3 hours max. Just thought I would share my criteria for entering/exiting a trade. Open to feedback and questions, got an IG where I openly share my ideas/strategies (not selling anything lol) @options_bandit . + +**Scalping Criteria** + +_In and out in no longer than 30 minutes_ + +1. **Identify movers** + 1. Stocks with high ATR (Average True Range) + 1. The ATR calculates a stock&#39;s average movement for the past 14 days. + 2. Catalyst + 1. Does the stock have any news? Earnings? Upgrades/downgrades? + + 1. TTM Squeeze indicator + 1. Helps detect stocks consolidating that are close to firing in any particular direction. + + 1. Ichimoku Cloud + 1. Use to help detect short term &amp; long term trends (Bullish above cloud, Bearish below) + +1. **Size appropriately** + 1. Accept 0 on smaller positions (under 2.50 per option) + 2. 20% mental stop loss on trades not accepting 0 + +1. **Entering Strategy** + 1. Enter on infliction points ONLY + 1. What is this? A heavy supply/demand zone where movement is likely to occur + + 1. Use ATR for an entry + 1. If stock has already reached ATR or close to it, do not chase. This can be hard when seeing a stock fly high or flush hard. It is better to stay alive than to blow up chasing a name. + +1. **Exit Strategy** + 1. Exit on premium spikes + 1. i.e. sell on a heavy pump if holding calls, sell on a flush if holding puts + 2. Time frame is always on a 1-minute time frame + + 1. Use ATR for exits + 1. Exit once ATR has been reached OR @ new resistance/support + +1. **Choosing the right options contract** + 1. 1-3 risk/reward ratio + 1. If I do not believe that the option I picked can 3x, do not purchase. Does not mean I exit once it has 3x&#39;d, but that it has the potential. This makes me pickier when choosing option strikes. + + 1. Closest to Expiration @ reasonable price + 1. Since I am scalping, time (theta) doesn&#39;t affect me as much. But if I am not comfortable with 0 days or 1 day out from expiry I might add a week or two at most. + + 1. Do not overpay for premium + 1. This is hard to do when volatility is high (recently) but I will avoid scalping a stock if it has run a lot already because premiums will be juiced. +The greater your position size, the greater your risk — and if you’re not mentally ready for that risk, then you might find yourself with a big drawdown on your account (and then some) + +In order to be less emotional when it comes to position sizing, you need to determine your risk tolerance; for example, if you’re willing to lose 1% of your account per trade max, then you should tailor your position size accordingly +Okay - hear me out. + +Now I am neither a financial advisor or a quantum physicist, but my gf listened to an audiobook about simulation theory to fall asleep. This caused me to have a fever dream about Mario Kart, and by that I would say I am relatively versed in the subject. If "relatively versed" is somewhere between "Boy, I don't know shit" to "This isn't even quantum physics". Anyway, onto with the DD. + +Consider how GME relates to the greater market. The market has its ups and downs, as does GME. From this basic standpoint we can conclude that: + +1. There is no fixed price within the range we've seen that implies MOASS, as it's been within the regular range of a living market. +2. The price range of a stock within a living market is somewhere between singular pennies, to the maximum price of a single stock (as of writing, about $480k). As GME has proven to be a stock not bound to classifications or categorizations, any price within these two could be described as a price within "normal market movement" +3. While having experienced market volatility, GME hasn't changed. Neither bankruptcy nor MOASS has happened and thus we can assume that the stock has been unchanged. +4. What would then constitute a "change" in the stock going outside of this price range. This would mean it falling below $0.01 and being delisted from the NYSE (which has been proven not to happen) or MOASS, passing $480k. +5. Since bankruptcy has been proven not to be a possibility, change can only mean MOASS. If the price stays within market boundaries, no change has occurred, and the possibility isn't accounted for. +6. MOASS has a 100% chance of happening. + +Thank you for reading. If anything seems unclear i attribute it to my gfs sisters dog staying over. He stole the blanket and stepped on my face in the middle of the night. + +&#x200B; + +TA;DR - MOASS = yes. moon soon +Thanks to Fidelity's ad I have kicked off the process to transfer the last remaining shares in my brokerage account to Computershare + +Also thanks to Fidelity's ad I have started the process to open my own Self-directed IRA LLC and transfer 100% of all IRA shares from them to Computershare - lookup "IRA LLC GME" and you'll find resources. You're looking for a Self-directed IRA or a Checkbook IRA. + +Thanks to Fidelity, I will no longer be a counterparty to alleged* international securities fraud + +I guess ads work + +DRS is not financial advice, and I'm not a lawyer but it might be legal advice? + +\* If someone has a better term for the DTCC being given shares to distribute but telling brokerages to just multiply their books lmk +We know there are democratic reps and their assistants that are reading WSBs right now. + +So I’ve made a list of questions we’d like to see asked and answered. +No more bullshit! + + +1. Vlad, Confirm date, time and timezone you referred to when you said that 5am was when you were given notice to new margin requirements on the 28th of January. + +2. DTCC confirmed they waived their margin requirements 30minutes before market open on the 28th of January. You stated those margin requirements were the reason for limiting purchasing of AMC and GME. If those requirements were waived, why did you limit the sale, and why did you lie during our last meeting? + why were those trading restrictions continued after Robinhood was aware of the margin requirements being lifted? + +3. Citadel, you’ve had adequate time sense out last questioning to verify if someone at Citadel was in direct contact with Robinhood regarding GME and AMC directly. Was any current or prior employee, contractor or fulltime, in contact with Robinhood directly regarding these tickers? + +4. Citadel, you injected several Billion dollars into Melvin Capital and also have financial ties to Robinhood. Do you believe that is a conflict of interest + +5. Vlad, who made the offer to restrict buying on AMC and GME? Why were those stocks specifically picked when you chose to restrict + +6. Vlad, Why did you restrict buying of shares and options when you could have made restrictions on options alone to satisfy what you claim were increased margin requirements. When someone has cash to purchase shares that are not on margin why restrict them? + +7. Vlad, free and efficient markets would dictate that if there were ever a moment in which stock needed to be paused, it would have been paused for both buying and selling and that options contracts would be adjusted for time. Why was this not your approach? + +8. Why didnt the SEC step in and halt trading + +9. Why does IBKR say they were worried about locating shares? Why were shorts not forced to close their positions? + +10. Vlad, did Robinhood reachout to the SEC for recommendations regarding how to handle the AMC and GME stock before cutting off retail investors and not Hedgefunds? + +11. Melvin, do you know what a short ladder is? + +12. Melvin, were you aware there was a handful of traders after the stock was restricted that were using a shortladder technique to further drive down share value of AMC and GME? Their trading charts were almost identical which is a statistical impossibility unless automated systems were artificially brining down those shares. + +13. Melvin, did you increase your short interest in GME during the January 28th retail stock restrictions? + +14. Melvin, do you or anyone at your company have any have knowledge of contact with media, including social media, to spread false information regarding GME or AMC? + +15. Citadel, do you or anyone at your company have any knowledge of contact with media outlets, including social media, to spread false information regarding GME or AMC? + +16. Vlad, were you or anyone at Robinhood in contact with Interactive Brokers about GME or AMC, anytime in the leading up to the January 28th stock restrictions? + +17. Vlad, the ceo of Interactive Brokers admitted on live TV(Feb 17th) that if buying restrictions were not set on retail investors then share price of GME would have forced shares to go into the 1000’s. Causing shortsellers like Melvin to default on their brokers leaving brokers covering themselves. Was this the real reason you cut off retail investors? + +18. Citadel, the number of shares that failed to deliver on GME is massive. Were the “failures to deliver” an artificial tool used to drive down share price? Do you have knowledge of someone who did? + +19. Melvin, did you take advantage of stock “failure to deliver” to bring down share price of GME and AMC? Do you have knowledge of someone who did? + +20. Melvin, last time you admitted to a gamma squeeze of shares on GME. Is it still possible if another buying frenzy happened that an actual short squeeze would take place? + +21. DFV, do you think that if another buying frenzy happens on GME and AMC that another potentially huge short squeeze will happen? + +22. Melvin, what is your current short interest in AMC and GME? + +23. Citadel, if another buying frenzy happens on stock like AMC and GME, what kind of a loss could citadel directly see? + +24. DFV, are you confident enough in GME to allow your options to execute and buy more shares at a deep discount? + +25. DFV, what could executives at GME do to protect their shareholders at this point? +They follow Chinese news closely and they told me that Winnie the Pooh is considered to be 4th gen CPC (Communist Party of China), and he is purposely letting Evergrande / the stock market fail, or at least not interfering and bailing entities out, because most of the profit gained from the stock market was by 2nd / 3rd gen CPC party members, who invested into the Chinese market at its infancy, and who still hold onto stocks now. So not only does Winnie the pooh NOT lose (relatively speaking) with a stock market crash because he's not as heavily into it as the previous gen, he can also fuck over the previous gen CPC members as well in a move to consolidate power, and he gets to dismantle a giant conglomerate into its individual bits. + +Is there any other Chinese immigrant ape who have news fresh from China on this Evergrande issue? + +EDIT: For those of you who don't know what I mean by Winnie the Pooh: + +&#x200B; + +[Now you know.](https://preview.redd.it/8x2q1ria4zo71.jpg?width=590&format=pjpg&auto=webp&s=9105cc129b533696a1bfdac2e40cf315a26c3a4c) +In between manipulating the crypto market through his Twitter feed and snorting Provigil through a paper straw, Elon MusK has been building out his manufacturing capacity in China to service EM EV demand. China in and of itself isn’t a driver of Tesla’s profits. In August they made only 8,621 deliveries to Chinese customers.( https://www.investopedia.com/tesla-tsla-turns-on-the-charm-in-china-5203303 ). It seems like conspicuous signs of wealth are losing popularity in China. Wonder why? Ask Jack Ma. + +Considering Tesla’s facing supply chain disruptions in China due to coal shortages (LOL) the honeymoon phase for Elon Musk and Xi Jinping may be over. His investment in China wasn’t just financial. They actually cut a tourism commercial for Xinjiang ( https://mobile.twitter.com/teslacn/status/1406277513517494272?lang=en ). See no evil, hear no evil, speak no evil. Cost of doing business in China. + +But what options does Tesla have? What other country has the rare earth minerals, the space, and Elon has a serious fetish for solar panels so through in lots of sunshine as well. Only one country country fits the bill. That being Australia ( https://www.theguardian.com/environment/2021/apr/17/the-race-for-rare-earth-minerals-can-australia-fuel-the-electric-vehicle-revolution ). Sure they don’t have as big a population, but these factories are highly automated anyway. + +So Australia is perfectly situated to ascend into EV dominance, except for one crucial ingredient. That being a functioning society. Elon hates covid restrictions, threatening to pull out of their Fremont California plant all together if exemption were not made ( https://www.cnbc.com/2020/11/20/tesla-gets-exemption-from-new-california-covid-19-health-orders.html ). I have a sneaking suspicion that if Australia ever got it’s shit together, a Tesla Gigafactory would spontaneously emerge in Melbourne from the machine elf dimension. But for now Elon’s stuck in China, sucking Xi’s dick, plotting his escape. +We have arranged to do an AMA with the Superhero brokerage Rep tomorrow, starting 3PM eastern time. + +We have explained that there may be hard questions. I'm sure more than a few of you are as sus as I am of their model. + +Note:This is not the AMA thread. +https://companiesmarketcap.com/automakers/largest-automakers-by-market-cap/ + +You can argue which of these are automakers (Tesla?), and I don't want to start a discussion about this here again. But this is just crazy. What does it mean? EV bubble? Buy Volkswagen? Sell everything and keep off the market? + +Full disclosure, I have shares of BYD. + +EDIT: Ford owns 12% of Rivian. This means that almost 20% of Ford's current market capitalisation (80bn) is Rivian! At some point, in this crazy market, Rivian's share might be more valuable than Ford's own activities! + +EDIT 2: Cathie Wood's Ark Invest isn't buying into the Rivian hype due to its "rich" valuation, according to comments she reportedly made at a conference on Wednesday. +Deep in various threads here, some subredditors mutter that the government guarantee on < $250,000 deposits with licensed banks is, in fact, nonsense. They claim the law changed in 2018, and that we'll wait for many months for our money, and we won't get it all, and that the sky is falling in, and that Xinja is a massive risk. + +The government, meanwhile, has a simple and clear claim: any amount under $250,000 with the same institution is guaranteed if that bank goes under. And the banks are clear with this, too - https://up.com.au/fcs/ says that if the government puts the FCS into action, you should get all your money back in seven days. Xinja says "Xinja Bank is covered by the FCS (Financial Claims Scheme) so your money is protected by the Government up to $250,000." + +Subredditors who are claiming that this is not true: are there any sources that we can read about the apparent changes that have made it all useless? And if it is useless, why isn't the ACCC suing the banks making these claims? + +Where are the gotchas here? +According to this article [1], _Since late February, however, Wealthfront has strayed from this radical idea. Instead of putting investors solely into a low-cost indexing strategy, Wealthfront has now decided to invest 20% of its investors’ funds into an internal “risk parity” fund, which in turn is invested mostly in complex derivatives known as total return swaps. The fees associated with the old strategy averaged out at 0.09%; the new strategy, by contrast, carries a fixed fee of 0.50%, all of which goes directly to Wealthfront, plus the costs associated with buying the swaps._ + +It seems shady to me, particularly that it's an opt-out vs. opt-in change. + +[1] https://www.wired.com/story/beware-roboadvisors-wealthfront-betterment/ +I have a bruised ego and $1000 left to trade. While losing $3500 wont bankrupt me it hurts a lot. Any tips for getting back to the top? Im holding shares of apple and RKT for longs. Im trading low risk SPY credit spreads a few times a week for extra cash. I truly believe I could come back from this and many others have had it far worse than me. In a way Im grateful to be in the position Im in. Just tell me it’ll be okay +For those of you that own homes or maybe started down the FIRE path later in life, do you consider paying down your mortgage to be part of your saving/investing plan? +Note: The Article (link below) was published in September 2019, 5 months before the Covid Crash. The Price was around 10 000 USD. The Author called: + +* the price will reach $100 000 per bitcoin no earlier than 2021 and no later than 2028. After 2028, the price will never drop below $100 000 +* the price will reach $1 000 000 per bitcoin no earlier than 2028 and no later than 2037. After 2037, the price will never drop below $100 000 + +[I added todays Price in Black and the Covid Crash in Red. The Green Line marks the low of 2041 of 1.8 Million Doller per 1 Bitcoin](https://preview.redd.it/xqyoezqxzfb81.png?width=1269&format=png&auto=webp&s=916afd35285d21d4946683ef8a6798c17056da3e) + +Take a look at the Logarithmic Chart from Today: + +https://preview.redd.it/g2eakl6whgb81.png?width=1050&format=png&auto=webp&s=77cc4a267dec9b303fc26c79f56e86b86edfe166 + +The Price hit the Top of the Loga Channel in July 2011, Dec 2013 and the Dec 2017. From a historical perspective we can say that it needs around 4 years to hit the top. If this repeats, we will hit around 150.000 within the next months. + +The Article has some other nice calculations, take the deep dive: + +Sauce: [https://medium.com/quantodian-publications/bitcoins-natural-long-term-power-law-corridor-of-growth-649d0e9b3c94](https://medium.com/quantodian-publications/bitcoins-natural-long-term-power-law-corridor-of-growth-649d0e9b3c94) +33 y/old, own a small 2 bed flat with gf who is pregnant with our first kid. 150k left on mortgage, flat worth 250ish. Both work in 40kpa jobs (shes v likely to go part time after mat leave). Flats too small and too upstairs for us to stay in with a toddler/young kid, although will be fine with a baby. + +10k cash (emergency fund) + +10k cash (baby/mat leave spend fund) + +40k s&s isa + +250k-ish crypto + +Nhs pension + +I've always just ignored the crypto and left it out of the numbers because i didnt need the money for anything specific and im interested in the space. Its been sitting mostly in cold storage for a long time, the principle investment is minimal. + +If we need to move to a bigger property in the next few years, how would one decide whether to keep our current flat and rent it out? I have no particular interest in landlording so i'd very likely just give the property to a lettings agent. Pay off the mortgage with crypto gains vs btl vs just sell it and move on? + +Im really just wondering how people would view the numbers and how to go about making the decision. Obviously in light of baby im reconsidering risk allocation etc + +Thanks for any thoughts +I’m curious what all y’all’s thoughts are on taking Section 8. I’d especially love to hear from those who do. + +I have only ever met a few Section 8 landlords, and they have said that they love it, and they get better renters through the program because the people who are on Section 8 know they can lose their voucher if they misbehave. + +But only hearing from 2 or 3 such landlords does not equal evidence. It’s just antidotal. I’d love to hear from more. +Stop supporting these Twats that switched to ride a train they obviously are either just hopping to what will get them the most attention or are being paid by shills to pump AMC. I am not against AMC or anything just something I noticed. There is only one GME and we didn't come all this way to have a bunch of trend hopping/shill-paid Youtubers to try to derail our Train. + +Shout out to Ape Andy, Tradespotting, Rocky Outcrop and Gherkinit for sticking to their principles. +How is this company going to survive without its own viable self-driving project? + +My understanding of the long-term probability of profitability would eventually be a taxi fleet through self-driving cars but the likelihood that this would lower costs by not employing drivers is now a dream. + +Renting or purchasing self-driving vehicles for use will carry its own cost once self-driving cars become more of a reality and I don't see Uber as a viable company in the medium term. The sustainability of hiring drivers is low given the higher probability of regulatory pressure going forward. California was the first step and even though it failed, regulatory pressure will continue to mount for Uber and Lyft. + +A company that makes no money and hinges on the idea that it will eventually make money once it develops self-driving cars decides to scrap the idea. +As I see it: + +1) The yield is already starting to become attractive major foreign buyers. Japanese institutions are the biggest foreign buyers and are continuing to add more. + +investing.com/news/economic-indicators/foreigners-raise-holdings-of-us-treasuries-for-second-month-in-january-data-2447322 + +2) Fear of China selling USTs to cause chaos needs to be seen in the right context. While technically this might be possible, consider the fact that China just had a record $ 100 Billion trade surplus two months vs the US. + +To continue to keep their own currency competitive in this humongous inflow of $s, while simutaneously not buying USTs further, they inevitably have turned to buying JGBs. Going on for a while now, and also why the Japanese became the largest holders of USTs. + +https://www.cnbc.com/2020/10/14/why-china-is-buying-up-more-japanese-government-bonds.html + +So what do the gigantosaurous Japanese pension funds do in this instance of massive inflows? They buy even more USTs, which ties back into point 1. + +3) With the Fed continuing to buy monthly, a serious lack of treasuries is becoming a thing (believe it or not), expecially in the repo markets. + +Overnight rates going -ve .4 for the 2 year, for instance. [On a related note, Fed's "operation twist" might actually kill two birds with one stone. That is, restock the front end of the curve with enough bonds, and pull some out of the back end] + +4) Also, while "inflation expectations" have certainly gone up, we are yet to see proper inflation data (cpi, ppi, etc) reflect this. And given the recent Feb retail sale numbers turning out worse than expected, I'm not sure we are about to get some crazy inflation any time soon. +Edit: this methoed has been Debunked and is for now false. The conclution to My teori was that a spike would occour today the 6/10. Sadly it did not. For now atleast🚀🚀 + +# Introduction + +For the longest time I have been looking into historic data regarding the lowest price and the highest price for each trading day the past couple of months. I can confirm with this possible DD? (Correct me if not.) that the tables are indeed turning into our favor sooner or later. + +In this analysis I will focus on why the data is confirming a breakthrough in upward momentum soon. Judging by the graph it is easy to see that the price has seen forced negative price action by HF’s. My data is showing that they have limited recourses to press the price down, and its very telling by comparing the lowest price of the day, to the highest price of the day by using exponential regression. + +To put it short. The floor is increasing, and nothing had worked for the hedge funds (Whoops Sorry not sorry Ken). + +&#x200B; + +# Disclaimer: + +1. It is likely that I make a lot of spelling errors in this post. Feel free to correct me. Feedback is very much appreciated. +2. I am not a professional data analyst, nor am I claiming my points as objective truth, I’m simply an ape that like the stock. +3. It is entirely possible that it turns out to speculation. It would not surprise me, since GME have a record to be unpredictable. But it is fun to speculate, nonetheless. I therefor ancourage you to take this post with a grain of salt. Use this as you wish. +4. Keep in mind that I’m a Europoor. I use a European version of excel, that’s why you see “,”s where “.”s should be. +5. I’m not that good at exceptional regression. + +&#x200B; + +# Goal: + +\- I wanted to compare the lowest price to the highest price from each day since feb 19th to see when the breakthrough is going to happen. + +\- I’m using exponential regression and comparing when the breakthrough is going to happened. + +\- The breakthrough could maybe indicate that the hedge funds are drying up, and cant keep the price down anymore (I want to hear what you guys think as well, so we all can become smarter) + +&#x200B; + +# Data collection: + +I used data from [Yahoo finance, GME history](https://finance.yahoo.com/quote/GME/history/) + +The reason I picked Feb. 19th as a start date is because it is the lowest the price since the spike in January (38.5$). I do not want to use pre-January data because it would not give a clear picture of the price suppression. + +Since February 19th there has been 70 trade days (yes that long ago). As seen on the data and by looking at the graph it is easy to see that its not possible to push the price further down since then. + +&#x200B; + +# Outcast of the data: + +[I manually typed the numbers in. But I checked it twice and it seems like there aren’t any typing errors. ](https://preview.redd.it/44oo4fqzgg271.png?width=740&format=png&auto=webp&s=4c193dd9b6df07d9b66bae8d11ba8d0bcc3d6821) + +&#x200B; + +**Data input 1: Highest price for each day since Feb. 19th** + +[It is a bit hard to see, but the floor is slowly rising exponentially, showing by the dotted line. ](https://preview.redd.it/ndacoud3hg271.png?width=2613&format=png&auto=webp&s=a7e5f212f9c22aec7cebff2ffee0e375eea45884) + +**Important note:** R\^2 (a way to tell how reliable the numbers are) is only 0.2, i belive it is low because it indicate a organic upward momentum. Normal stocks are unprededible in their nature to some estenct. By looking into forced negative pressure it shows thats in not organic nor natural, therefor the R\^2 regarding highest price for each day is closer to 1. + +&#x200B; + +**Data input 2: Lowest price for each day since Feb. 19th** + +https://preview.redd.it/w5zsp7h5hg271.png?width=2612&format=png&auto=webp&s=03bd2738196f6fd390a83dcfe90dc6fc4a6bbc04 + +As seen, it is also rising at a steady pace, by a factor of 0.0038x more than the highest price for the day. Therefor the floor is getting closer and closer to the highest price. It indicates that we are keeping up regarding the forced negative price action. + +# Comparing data (Speculatory breakthrough date): + +&#x200B; + +* “Highest” = From Highest price on x day +* “Lowest” = From Lowest price on x day + +[Datasets 1 and 2 + breakthough point](https://preview.redd.it/kuvl26ldig271.png?width=896&format=png&auto=webp&s=ad8e2ed65b9995cb78faacb7a1a3114dfdf722cc) + +&#x200B; + +[x = Day 78 y = Price](https://preview.redd.it/d29xspffhg271.png?width=543&format=png&auto=webp&s=4920baa7c6151b7b9ad3d4c5c0ddffecee54d535) + +&#x200B; + +* **Breakthrough** = (78.28, 214.72) + +As seen on the graph above it shows that the highest price will cross the lowest price on day **x78**, at price 214$. It indicate that the Hedge funds are drying up and cannot keep doing what they do. + +&#x200B; + +# Conclusion: + +**June the 10th is the day that the breakthrough is going to happen (accorting to exponential regression, dont take it as truth).** It is day 78x as seen on the chart. The hedge funds do not have any more recourses to keep the price down and therefor the tables are turning into our favor. Its likely *(in my opinion)* that the hedge funds will surrender and let the kraken lose. +After panic selling everything at 6k and entering at December ATH, the formercoiner is even more viscious than the nocoiner. They are filled with a dangerous combination of embarrassment, guilt, self-doubt, and envy. They can't bring themselves to buy back in so they spend their time trashing Bitcoin so their losses never exacerbate further - and they are everywhere. + +EDIT: Perhaps a better name comes from Spajn in the comments: XCoiner +Seen in a larger perspective this is the part of history where humanity evolves into the digital age. Instant worldwide communication has already transformed the world and will continue to change many things. We're in the front row watching it happen in real time. + +# What a time to be alive! + +This post is an appreciation of being helpful and kind to other people and persevering diligently as we begin this next chapter of human evolution. + +I hope after this next crisis, humanity will have learned valuable lessons. For the first time in history, we have the technology to enable direct democracy, direct communication and instant settlement with full transparency between all individuals of the earth. + +The old system that is fighting tooth and nail is essentially a relic from pre-internet times, a historic system to distribute goods and services between people with the drawback that organizing it requires centralized power structures. + +The centralized power structures have the fault that they are run by corruptable human beings and they will and do corrupt with time. The old world won't go down without a fight, sadly. + +I believe that the best solution for all will win out in time. The digital transformation will enable a decentralized system that will reinvent and revolutionize the ways of life of every person on this planet. The most powerful limit to this restructuring is the habits of the mind: the inability to imagine a world so different from the centralized power structures we have become so embedded in for so many thousand years. + +Times are going to be confusing AS FUCK in the coming years. Every one of us will be involved in the outcome. + +**Please, be the best human you can be for the sake of everyone on the planet as we embark on this great transformation into the digital age!** + +^also, DRS 💜 +Pressuring Gamestop into exposing its plans to all the Wall Street parasite billionaires might not be the best of ideas. It might make you feel insecure as an investor, but Cohen asking us to "judge them by actions, not words" makes perfect sense when you think about all the forces colluding against them. They don't want to be beaten at their own game, so they have to keep the element of surprise. + +You know the shorts never closed their position. You've seen the NFT stuff, you know that they're working on something big. Be patient. Imagine if anyone was short on Amazon or Apple two decades ago. How fucked would have they been? + +Asking for Gamestop to show us their cards is not in our best interest. If Gamestop grows, the MOASS becomes unavoidable. Even if we just lock the float through DRS beforehand, it might be enough. Don't fall for the FUD, you're doing yourself, me and Gamestop a disservice. +######edit - just to point this out-- etoro states 100% of their GME investors hold buy positions.... WOW + +Edit2 - anyone wandering how etoro know this figure it's because gme told them https://www.reddit.com/r/Superstonk/comments/nn85hd/unconfirmed_so_be_skeptical_the_etoro_15_of_all/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +Thanks u/brother_interesting + +------------------------------------------------------------------------ +Okay so I've seen some posts about etoro that really got me thinking about the float. + +So the one post that really got me looking into things is this- + +https://www.reddit.com/r/Superstonk/comments/nmos5k/what_the_actual_fuck_did_etoro_just_say/?utm_medium=android_app&utm_source=share + +#Notice the way the number they mention is 1.5%? + +Well let's do the maths. + +March 8th their investors are 20 million strong (possibly slightly more but we can't get an exact figure.) + +Now we're approaching 3 months later and from this article - - + +https://www.benzinga.com/markets/cryptocurrency/21/03/20188368/spac-deal-to-bring-etoro-public-after-revenue-growth-of-147-5-million-new-users-in-2020 + + +##we can see that their average customer growth per month is 440,000!!! + +So basically 3 months later its safe to assume that their customer size is 21.2million (at least) + +Now from gme's etoro page we can see that their gme investors account for 6.4% of all of their investors. That means that 1,356, 000 investors of gme on etoro alone. + +Now let's look back to the first link I mentioned. And this is the part that gets my tits really jacked. The wording they use isn't stock. They say and I quote "shareholders" as in people. Not the amount of stock they own but the people themselves... + +###Now let's do the math. If 1.5% of all shareHOLDERS is 1.356million that means that the amount of shareholders is 90,400,000!!!! + +Now the float assuming each of them have 1 share is that number alone but let's be SUPER Conservative and say the average shares held is.. 3? Now we know that under shooting it but let's be safe. + + +Now we get the float as a massive + +####271million!!! + +#####It's safe to say that my tits are jacked to the fucking roof! + +TLDR: the amount of holders is 90MIL+ So the float IS DEFINITELY more than what it should be!!!! + +🚀🌕🚀🌕🚀🌕🚀🌕 +I grew up in a poor household and instinctively think that any spending is bad if it can be avoided. Even after reaching fatFIRE, it is hard to let go of those old habits. + +There is a side of me that always wants to plan for an upcoming disaster.How do people value themselves after reaching their goals? There is a difference between taking care of yourself and being irresponsible. Where do you draw the line? + +\- Do you use a monthly budget? + +\- Have a dollar value threshold below which you won't think too much about spending? + +More context: I am unhappy with the air quality in my home. It's something that seems to bother only me and the professionals I called don't fully understand. I am planning to "splurge" on replacing all the insulation and HVAC system in my home (North of $20K). I won't even notice the difference of $20k in my net worth. But the critic inside me makes me doubt if I am taking a stupid/rash decision. + +Self doubt is a great quality to have. It pushes you to reach higher. But how does one value themselves and their opinions after reaching their financial goals? Any advice from people who went through this? +Hello ausfinance + +I'm interested in hearing from others on high incomes who have taken out large mortgages ($2mil+) + +My partner and I are lucky enough to be on high salaries at age 30 with plenty of upside potential. Currently 500k pre tax combined + +As an example, A $2.3m loan over 20 years for a first home PPOR would be easily serviced by one of our incomes, with the other going into savings/offset/investments etc + +Anyone out there with large mortgages that can provide their experience? To me - this feels like an insane amount of debt, yet appears easily servicable across multiple life/job scenarios. + +Are there any perverse consequences of a debt that large? +https://www.macrobusiness.com.au/2018/06/mortgage-rejections-soar-to-40-of-applications-as-lti-capped/ + +LTI's being capped as US rates break out of a 30 year downtrend. + +https://pbs.twimg.com/media/DeiZgTyWsAI5F1-.jpg:large + +And so it begins. + + +[https://amp.afr.com/news/economy/monetary-policy/rba-s-plea-to-avoid-zero-interest-rates-20190809-p52fkj](https://amp.afr.com/news/economy/monetary-policy/rba-s-plea-to-avoid-zero-interest-rates-20190809-p52fkj) +Now that witching is behind us, we can look ahead to a real catalyst. I'm sure a lot of you have seen me post most of this in the daily threads, but it would be nice to get this some real visibility ahead of Tuesday: + +Just a reminder that there hasn't been a Gamestop news catalyst in a while and **tomorrow** is the next confirmed date for more. Catalysts drive volume which drives price. + +Last big news catalysts? + +``````New Edit 3/23`````` + +**3/23** - Breaking news this morning, [SEC filings indicate](https://gamestop.gcs-web.com/sec-filings/sec-filing/8-k/0001193125-21-090320) that Gamestop Chief Customer officer Frank Hamlin is stepping down after a transition ending 31 March. Who could possibly replace him? How about Kelli Durkin, Chewy’s prior Vice President of Customer Service who was [brought on with Gamestop March 1 as Senior VP of Customer Care](https://news.gamestop.com/news-releases/news-release-details/gamestop-appoints-chief-technology-officer). There is no confirmation that she is the replacement at this time. + +No known impact on volume yet from this breaking news. + +**3/8** - [Gamestop governance update](https://news.gamestop.com/news-releases/news-release-details/gamestop-provides-corporate-governance-update) announcing a new board for the e-commerce transition led by Ryan Cohen. This was announced pre-market. + +3 day action around that announcement: + +03/09/2021 Open: $217.71 Close: $246.90 Vol: 39,099,330 + +03/08/2021 Open: $154.89 Close: $194.50 Vol: **63,565,620** + +03/05/2021 Open: $128.17 Close: $137.74 Vol: 30,733,670 + + + +**2/23** - [Gamestop announces resignation of CFO](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-resignation-cfo-and-succession-plan-support) and succession plan. This was announced post-market. + +*4* day action around that announcement (edited to include the 25th since the news dropped post-market on the 23rd): + +02/25/2021 Open: $169.56 Close: $108.73 Vol: **150,308,800** + +02/24/2021 Open: $44.70 Close: $91.71 Vol: **83,111,740** + +02/23/2021 Open: $44.97 Close: $44.97 Vol: 7,565,215 + +02/22/2021 Open: $46.69 Close: $46.00 Vol: 19,476,020 + + +**Price Action following these news catalysts:** + +[Link to NASDAQ's historical data for GME](https://www.nasdaq.com/market-activity/stocks/gme/historical) + +Here's how closing price trended around these two announcements: + +2/23 - Close: $44.97 - **CFO announcement after hours** + +2/24 - Close: $91.71 + +2/25 - Close: $108.73 + +2/26 - Close: $101.74 + +3/01 - Close: $120.40 + +3/02 - Close: $118.18 + +3/03 - Close: $124.18 + +3/04 - Close: $132.35 + +3/05 - Close: $137.74 + +3/08 - Close: $194.50 - **Committee announcement pre-market** + +3/09 - Close: $246.90 + +3/10 - Close: $265.00 - **Day's high: $348.5 - flash crash attempt** + +3/11 - Close: $260.00 + +3/12 - Close: $264.5 + + +As you can see, there are immediate and lasting price leaps from these catalysts. After the CFO announcement on the 23rd, the price spiked and a new floor established around $110-130 until the next catalyst hit on the 8th. The price really took off after that, gaining $40 from open the 8th, over $50 by closing on the 10th, and continuing upward trajectory until the major flash-crash on the 10th brought momentum to a halt. We've consolidated consistently around $200 since then. That's a decent floor considering the next news catalysts are likely to cause bigger volume and price reactions than we've seen, possibly bigger than January's gamma squeeze that got cut short. + +**Next confirmed Gamestop announcement:** + +**3/23** [Fourth Quarter and Fiscal Year 2020 Earnings](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-fourth-quarter-and-fiscal-year-2020-earnings) + +Following that announcement we can expect to hear about a replacement for their CFO, the *possibility* that Ryan Cohen may be taking a new role within Gamestop, and with the end of the pre-earnings blackout period Gamestop will be free to announce any transition initiatives moving forward. + +*A note on earnings:* **Gamestop's fiscal year runs through January**. So the Q4 report will include holiday sales, the console release, increased offerings of PC parts, and any additional sales driven through Jan from suddenly getting a ton of free press and consumer goodwill. + +For those that want to dial in: +>2020 earnings results after the market closes on Tuesday, March 23, 2021. The phone number for the investor conference call is 877-451-6152 and the confirmation code is 13715567. [More links to where the fiscal reports will be available and further conference details here.](https://old.reddit.com/r/wallstreetbets/comments/majulc/gamestop_link_to_investors_conference_on_tuesday/grsuvc0/?context=3) + + + + +`````````````````````````````````````````````````````` + + +**Editing to include some new info I dug up regarding the board members who will not be standing for re-election at the next board meeting. + +An interesting find for anyone wondering about outgoing Gamestop board members who may own a large number of shares: + +>**Lizabeth Dunn, Raul Fernandez, James K. Symancyk and Kathy Vrabeck** [told the board they don’t plan to stand for reelection](https://www.barrons.com/articles/gamestop-will-add-activist-investors-to-the-board-the-stock-shot-up-51610384385) at the company’s annual meeting in June. The board will shrink to nine members following that meeting. + +Per [this article](https://www.barrons.com/articles/gamestop-insiders-sold-stock-before-it-went-vertical-51611760507) three of the four members **sold a large % of their personal stake in Gamestop around January 13.** + +>GameStop Chair Kathy Vrabeck sold 50,000 shares on Jan. 13 for $1.4 million, a per-share average price of $27.99. Vrabeck, a senior client partner in the consumer markets division of Korn Ferry, now owns 79,537 GameStop shares. A director since June 2012, Vrabeck last sold stock in September 2015, selling 5,000 shares for $209,800, an average price of $41.96 each. + +>Raul Fernandez sold 38,119 shares from Jan. 13 through 15 for a total of $1.4 million, a per-share average of $35.50. Fernandez is a vice chairman and owner of Monumental Sports & Entertainment, a private partnership that co-owns the NBA’s Washington Wizards and the NHL’s Washington Capitals. He now owns 29,289 GameStop shares. It is the first stock sale for Fernandez, who joined GameStop’s board in April 2019. + +>Lizabeth Dunn sold 5,000 shares on Jan. 13 for $156,700, a per-share average price of $31.34. Dunn, founder and CEO of Pro4ma, an IT services consulting firm, now owns 57,258 GameStop shares. She joined the board in April 2019, and this is her first sale of stock. +Hey everyone! First post anywhere! GME has been in the chat a lot in the last couple days and everyone has there own opinion. What exactly is driving the stock price up other than people just buying the stock? and why should we see 130$ stock price on GME if it’s going out of business? When do people plan to buy if they haven’t already and when do they plan to sell? Is Monday a day to buy?! I know nobody can predict with 100% accuracy the stock market but what makes people confiant it won’t drop to 13$ by Tuesday? Thanks! +This is gonna sound like relationship advice but you folks know a lot more about dealing with CC's. + +So I recently broke up (amicably) with my gf of 3 years mainly because she felt I was too serious/stressed and I felt she wasn't responsible enough. Turns out I was right. + +She apparently has debt with "First Premier" and "Capital One". I know officially I'm on the hook for these, and I think the balances combined are around 2k and she's behind on the payments. + +Assuming I'm too much of a softie to scream fraud and potentially ruin her life what other ways can I deal with this? My first thought is to pay it off myself with a couple big payments over the next 2 months, close the accounts and meanwhile do my best to collect as much of it as I can directly from her. + +I'm sure there's a smarter way to do it without spending as much of my own money but I still care about her stupid as I am and don't want to heap more shit on her. + +Any other ways to do this ? + + + +UPDATE: +Thanks Reddit: You all are a bunch of cold-blooded motherfuckers which is what I needed. Turns out the damage is about $1400 and she's only missed one payment so far. I've frozen the accounts and will be able to pay it off by the end of the month. I told her that she's lucky I didn't go straight to the fraud bureau and drag her name through the dirt and she's ruined any hope of a friendship between us by this simple deception. + +Now all I need to do is acquire a cat and spend every evening on Reddit to become part of the hive mind. +We are in the final push to RE and are evaluating shifting our risk strategy. + +* Us: Family of 4 (45,44,9,7) +* NW: \~$10M ($8M invested, $2M home equity, $700k remaining mortgage) +* Investments: 70% stocks, 15% REITs, 15% Bonds (70% US/30% ex-US) + +We're gearing up to retire in 5 years. In that time, we will fully pay off our mortgage and possibly added $1M - $5M in new capital. On the spending side, I anticipate a spend of $240k/yr in retirement. Given this, we are very likely to be looking at a sub 3% WR. I see two paths that we can chart over the next 5 years. + +1. **Risk On**: We absorb all the volatility of our current equity position and hope that the markets keep going up and to the right. We retire with $10M - $20M invested. From there, a 50% haircut doesn't really matter as we're drawing down \~4% at much more manageable multiples. +2. **Risk Off**: We take some chips off the table and make a meaningful shift to more stable assets. That starts with selling some of our equities, paying off our mortgage, upping our bond allocation, and perhaps sprinkling in some gold / commodities. We would then be allocating that extra $60k / yr to stable investments. In this scenario, it starts to look more like the All-Weather portfolio and tapers down on down-side risk at the expense of upside. + +I'd appreciate the thoughts from the community who've had to make the choice themselves. +Due to investment windfalls, my Roth IRA is similar in size to my brokerage accounts. I am nearing my FIRE goal. I am 28-years-old. + +I mirror my investments in each account, so their returns are similar but my brokerage account is taxed at short-term capital gains rates. + +I plan to pursue a startup and invest funds from my brokerage account. + +Between the outflows from my brokerage and the tax-free growth of my Roth, my Roth will compound faster but will only need to support me for a similar amount of time. + +If I screw up and expend my brokerage before I am 59 but have a very healthy Roth IRA, is there any penalty-free way to utilize funds from this besides the few limited IRS exceptions? +I've been seeing some posts on this subreddit and others of parents feeling guilty that they cannot afford to buy gifts for their children. + +It reminds me of one Christmas when I was 11. My dad, unfortunately, had ongoing mental health struggles and had a breakdown that led to him having to quit his job and go on disability. We had to move in with our grandparents because we couldn't afford a place to stay. My dad told my two siblings and I that unfortunately we just couldn't do Christmas presents this year. + +And...it was fine. There was one large gift that my grandparents said was from them to their dog (her name was Lady). My siblings and I were super pumped to unwrap this gift on Christmas morning and present it to Lady. + +Turns out, it wasn't a gift for the dog. My dad's co-workers from his recent job had gotten together and pitched in to buy us a PS2, which was the "new" gaming console at the time. What a surprise it was when we unwrapped that! + +After that there were other Christmases where my dad couldn't afford gifts, and yet it still managed to be a magical time of the year. + +Looking back, I don't remember most of the Christmas gifts I'd gotten as a kid. But I remember time spent together. I remember my dad shoveling snow to create a big hill for us to slide down. Spending time with family members, watching A Christmas Story (a yearly tradition). + +If any parents reading this feel guilty for not being able to buy Christmas gifts for their loved ones, it'll be OK. You have not failed in any way. I know it sounds cheesy but it really is the gift of time spent together that has a lasting impact, and that's what your children will remember. +I dont get why more people dont do this. + +I dont have savings account, no emergency fund. + +All my savings is in bitcoin, bitcoin is my savings account yet i see most people allocate 10-20% of their money to bitcoin. + +I dont do stocks, no real estate too. + +I am 100% in bitcoin, am I being dumb ? +"If you saw any Chinese regulatory Fud again, that announcement was posted on September 3rd. Don’t fall for it." + +Source: + +https://preview.redd.it/gp3692g3efp71.png?width=748&format=png&auto=webp&s=54e22698a3937175be10611d86ce5f6cdd8f2121 + +"PBOC’s announcement about ban crypto got widespread today is was ANNOUNCED ON SEPTEMBER 15TH, but got posted online today. The market already reacted on those regulatory fud." + +Source: + +https://preview.redd.it/ut1f9y25efp71.png?width=753&format=png&auto=webp&s=a2527eae6614a096ebf4330c8bbf3a195303c202 + +"The market already heard the rumors around mid-September, and reacted on those fud by then. DON’T FALL FOR THE FUD AGAIN." + +Source: + +https://preview.redd.it/700w0q6iefp71.png?width=737&format=png&auto=webp&s=a63de6ec527397bbaf0415cab275bc939cea54b6 +Tether used to claim that 1 USDT was backed by 1 USD in reserves. This has now been silently changed to + +>Every tether is always 100% backed by **our reserves**, which include traditional **currency and cash equivalents** and, from time to time, **may include other assets** and receivables from **loans made by Tether to third parties**, which may include **affiliated entities** (collectively, “reserves”). Every tether is also 1-to-1 pegged to the dollar, so 1 USD₮ is always **valued** by Tether at 1 USD. + +They openly admit they send funds to bitfinex. + +USDT is now officially not backed 100% by USD. + +I guess we're back to trusting 3rd parties, running fractional reserves, to run the market. + +https://tether.to/ + +Proof of funds link also leads to a dead page. + +**::Edit::** + +Proof of funds page is now working, still doesn't provide proof of funds. +Update to my \[last post\]([https://www.reddit.com/r/financialindependence/comments/8yu2vu/military\_couple\_6\_years\_from\_fire\_goal\_update/](https://www.reddit.com/r/financialindependence/comments/8yu2vu/military_couple_6_years_from_fire_goal_update/)). + +It's been a year so I figured I should make another update post as the FIRE goal gets closer. My goal remains to have $2m in net worth plus our military pensions and retire at age 43. + +**Current Ages:** + +* Me: 38yrs +* Wife: 36yrs +* Kid 1: 6yrs +* Kid 2: 3yrs + +**Income:** + +* Me: $137k (Up $12k compared to last year due to a promotion) +* Wife: $119k + $15k bonus for one more year + +**Rental Property:** $1850/mo rent, $185 management fee, $1367.68 mortgage, $90 HOA. This ends up being an extra $200 in cashflow with $850 of the mortgage payment going to principle or a net $1050/mo. We owe $41.5k (3.25%) on the 15 yr mortgage and the house is worth about $290k. (Purchase price: $215k + $20k repairs/improvements). Continuing to pay the mortgage as scheduled results in paying off the mortgage when we retire. I just dropped the rent $50 to lock the tenant into a 2 year contract. + +**Savings:** Both wife and I max out our tax deferred savings options. We also put $27.6k/yr into the taxable brokerage account, Traditional TSP ($19k/yr each), college funds ($4k/yr), cash savings (12k/yr), and Roth IRA ($6k/yr each). Total annual savings is $93,600 when I add everything up. The vast majority of these investments are in extremely low cost index funds. The only change to this over last year was a move of my emergency fund cash to a high yield savings account offering 2.1% interest. + +**Current balances:** + +* TSP (gov’t 401k): $684k (66k increase, 29k gains, 37k contributions) +* Roth IRAs: $226k (70k increase, 20k gains, 11k contributions) 226 +* Taxable brokerage account: $194k (29k increase, 27k contributions) I swiped $22k from here for a new car down payment +* Emergency fund: $15k (swiped some cash from here too for the new car) +* Checking: $15k +* Kid 1 ESA: $21k (4k increase, 2k gains, 2k contributions) +* Kid 2 ESA: $10.5k (3k increase, 1k gains, 2k contributions) + +~~Still have the same 2 cars (2008 and 2013), decided not to upgrade to a bigger model with the second kid.~~ Upgraded to a new 3 row 2020 Explorer ST. I spent about $60k on this financing $25k @ 2.75% over 4 yrs. I wanted to just pay cash, but figured I'd split the difference as the 2.75% rate is pretty low compared to keeping that money in the market. This way if the market goes up, I feel good. If the market goes down, I feel good about it since I pulled out money when it was high to pay off half the car. It's putting myself in a win-win situation mentally. I thought about this car purchase for a long time and it really boiled down to it not impacting my FIRE goals/timeline. We're pretty frugal and this is definitely twice if not more expensive than what we need. But, it's really really nice (400 HP) and not as expensive as some of the other luxury models. + +**Life insurance:** No change in policies, $145/mo combined for both our policies. We each have $1m which will drop in half to $500k/each when we retire and the work insurance goes away. The $500k policies are 30 year term that take us to around age 63. I figure with $1M insurance and $2M assets, the kids will be taken care of just fine. + +We currently plan to opt out of the survivor benefit plan. The simplified math of SBP would cost 6.5% of our pensions and would pay the spouse 55% of their pension if they died. It's not a bad deal and it's inflation adjusted. The premiums stop after 30 years, but the coverage continues. I'd prefer to just not have either of us die and keep the $600/mo. I still need to do some thinking on this. + +**Expenses:** + +No major changes to expenses other than the addition of a car payment (580/mo). I might add a bi-weekly cleaning service, but don't see any big costs anytime in the near future. + +* Fixed expenses (mortgages, day care, insurance, utilities, etc): $8743/mo +* Fixed savings: $7716/mo + +Extra money left in checking account each month is about $3-4k. That funded a new roof, cutting down some trees, trips, and extra debt payments/savings contributions. I could be more disciplined with that, but honestly we're pretty frugal and generally don't spend much on random things. In our fixed expenses we allocate money for eating out and entertainment. + +**Historical Actual Net Worth (updated):** [https://i.imgur.com/RduzDlc.jpg](https://i.imgur.com/RduzDlc.jpg) + +* 2012: +$130k +* 2013: +$194k +* 2014: +$110k +* 2015: +$39k +* 2016: +$177k +* 2017: +$247k +* 2018: +$102k +* 2019: +$212k year to date + +**Historical Actual Debt (updated):** [https://i.imgur.com/JUfrPNV.jpg](https://i.imgur.com/JUfrPNV.jpg) + +* House 1: 41k @ 3.25% (paid off before FIRE) +* House 2: 371k @ 3.75% (get down to \~$300k before FIRE), I may refinance this into a 15 yr if the fed drops rates and I can something closer to 3.25% or 3% +* Car: 24.5k @ 2.75% (paid off before FIRE) + +**Retirement plan:** + +Military pensions are equal to 2.5% \* yrs of service \* high 3 base pay avg. So, 20 years = 50% of your base pay. Based on our expected rank at retirement, this would be $54k each. That is in today’s money and since this is tied to inflation it’d be slightly higher (5 years from now) and would continue to grow each year in retirement since it’s chained to the CPI. + +**Age 43:** + +1. Buy a nice house somewhere after selling the rental houses. We currently have about $400k in equity and should have closer to $500k by the time we retire although $50k of that will probably be eaten up in fees when we sell. We really don’t know yet where this retirement house will be and how much we’d spend. I've decided I don't want to keep the rentals if I'm not local to the area as I wouldn't want to keep paying property management fees after I retire. Our house target price is $400k-600k. My original plan was to just pay that outright or finance up to $200k. I'm not going to worry about this too much until we decide on a location. We may just rent for a year in that location before committing. +2. Stop TSP/Roth IRA contributions and most other savings. +3. Live off of $108k/yr in pensions and money in the taxable brokerage account. My goal is to continue something close to our current lifestyle. Even though we’ll have half the income, it should be similar since we won’t have rent/mortgage or contributing to retirement accounts. With $2m and a 4% SWR, I'm looking to augment the pensions with an extra $80k/yr for a total of $188k/yr. When I project retirement expenses, I'm looking at around $105-140k/yr max. So I think we have a pretty good cushion here. (Another reason why I felt like we could splurge on a new car). +4. Find an activity to stay occupied. I’ll be at my peak earning potential and could probably get a high paying job for a few years at this point which is my insurance plan if the market tanked/black swan event. I could also stay in the military up to 8 more years which would increase my pension 2.5%/yr above the 50% base. But, I really want to quit working at this point and spend time with the kids who will be in elementary/jr high school. +5. Begin converting our traditional TSP to a Roth IRA ladder. I think I'm stuck paying like 22% tax on that money because of our pensions. But, might as well do it sooner rather than later so the money is available without penalties sooner. +6. Attend kids’ college graduations. Note: We transferred our post 9/11 GI Bill benefits to the kids, so they can both attend a university anywhere in the county and the gov't will pay a stipend plus tuition up to the highest state university tuition in that state. I'm still contributing $2k/yr each to their college funds which is probably overkill. I decided to keep doing that because the money could still be used for a master's degree, or perhaps the wife and I will decide we need a phd or some nonsense. We have 4 master's degrees already between the 2 of us. + +**Age 62:** + +1. Begin collecting social security. If we wait until age 67 it's an extra $18k/yr each for us. By taking it at 62 it's more like 12.5k/yr each. It'd take 11.5 years to break even if we waited until 67. In reality it'd probably be even longer if we invested the money that we start receiving at 62. I'll probably flip flop on this some more over the years, but it's not like I'm making that decision anytime soon. + +**Major risks:** + +1. Wife and I getting stationed in geographically separated locations reducing our savings rate by having to maintain two households. We'll find out . +2. Minimal bond exposure, I’ve been adding some over the last couple years, but primarily am invested in low cost stock index funds (vanguard and TSP). +3. Congress making significant changes to military retirement benefits/healthcare. The current deal is ridiculously good, I can insure my family after retiring for $580/yr with Tricare. When we become eligible for medicare then we have to pay the medicare part b premiums and Tricare for Life kicks in automatically to cover the 20% Medicare doesn’t cover plus provides the same prescription drug coverage benefit we have now. I think the main risk is they increase the annual premium, but even if they went from $580/yr to $580/mo I’d still be thrilled with it. + +Please let me know if you have any questions and I’ll do my best to answer! + +tl;dr Net worth is now $1.6m ($439k debt, $2m assets), an increase of $212k from my last post. Plan is to retire in 5 years at the age of 43 with $2m in assets and military pensions worth a $108k/yr. +Today Bloomberg [has a news story](https://www.bloomberg.com/news/articles/2019-01-29/equinox-precision-run-flatiron-nyc-a-new-treadmill-gym) about Equinox opening a new gym in New York City. ([non-paywall](https://outline.com/58YaAX)) + +On the terminal this was under "Featured Stories" in TOP. It is under "Businessweek" on their website. *Not* their lifestyle section, *not* their Pursuits magazine, just smack in the middle like any other regular news story. + +The article has needless details like the price of classes, the location of the gym, and the number of participants. It spends multiple paragraphs touting how "it's become such a sensation" and describes the class routine in detail, letting us know that it "customizes the treadmill running to your own needs and style, and in a cool, immersive group setting." Is this business news? + +The images in the article are literally *sourced and provided by Equinox*. + +Does anyone else find this to be a very poor attempt at hiding an ad? Do you find this to be deceitful and utterly trashy behavior for a (supposedly) reputable news organization? Is there some other noteworthy business information here? Equinox making new gym classes is absolutely not the same as a new Tesla launch or a new Apple product. Those articles would never say "the new Tesla has really comfortable corinthian leather, and you can find it at the new dealership in Chelsea for 29.99". Not remotely close. +Sure it was nice watching him lambaste Ken Griffin and MSM, but the feature was full of misdirection and made the utterly untrue and conspicuously harmful assertion that apes are a bunch of people that joined together during the pandemic to form a buying group to exploit shorter vulnerabilities and “attack” (Dave Lauer’s word) the existing system. + +The piece went on to say that GME has no fundamentals. There was repeated juxtaposition of the real serious fundamentals investors vs. the mad app-trader frenzy buyers of GME, and John Stewart flat out scoffs at “a video game company that sells hard copies” \[insert canned laughter\]. + +I mean, pick your slander, dudes: apes are either a buyer group maliciously targeting flaws in the system, or they are a bunch of credulous gamblers fecklessly spamming the buy button on a no-value stock because they are easily manipulated. I am really surprised more apes are not pissed about the slander, if not of apes, at least of the stock. + +And then there were the weird sample apes chosen for the interview. J. Brown is apparently from twitter and seemed sweet but most of what he had to say was vague, sentimental and pointless. But he did point out one very important key fact: **they turned off the buy button and that was that.** There was never any decent explanation given. That’s how crucial retail is in this “conversation.” + +Nothing against Matt Kohrs, but I threw up a little when they described a youtuber I have never heard of as “a leading voice” in the “ape movement” FFS. I love it when someone becomes the official spokesperson for apes. He also had nothing on point to say about why apes consider GME both a value play and a short squeeze play. Everything he said was support for the “we are a movement” narrative. + +And then there was Dave Lauer. I guess he managed to get past his aversion for the-not-knowing-what-the-fuck-they-are-talking-about factor. He seemed as happy as hell to trot out his favourite pony: reform the system and fix “market complexity.” Nothing against his agenda, I just don’t want to see our GME-centred community hijacked by a distraction. + +Is complexity really the problem? Cuz I am pretty sure everything that has happened has been because of crime and highly unethical practices. Complexity makes them easier to hide, but it is not the principle problem. And yet, if you all you got is a hammer, you are going to characterize every problem as a nail. + +So the John Stewart piece was pretty disappointing—but hey, telling the world how great GME is not his responsibility, so whatever. John Stewart doesn’t owe apes anything. + +What is really disappointing, and somewhat alarming, is the degree to which it has been spammed and lauded all over the top of this sub, and used as a rallying cry to join the Dave Lauer cult of market reform. + +What the fuck happened to no heros? When did this sub stop being about loving the stock and protecting it from criminal shorting, and start being about *let’s form a movement to change the rules, because then criminals will stop breaking them!*? +New investor here seeking advice. Looking for best options for dividend growth individual stocks in my ROTH. I currently have SCHD and DGRO, but looking for single stocks to add. 28m contributing about 300 a month. Appreciate the help! +I like to think that buying dividend stocks is a somewhat low-risk technique. However, during this Covid-19 outbreak, I think it is rather reasonable to think that some of the higher-yield stocks will have trouble paying their dividends. + +I've decided to put my money where my mouth is and double down on my monthly buys (I don't really sell anything ever). Here are my picks for the next two months. Academically speaking, I think if you find an investment you like at say $18, and in one month it goes to $9 during a panic sell crisis, you should now want to buy that stock twice as much. Circumstances have changed, I will admit that, but in some capacity, this is still the same stock I researched months ago. + +Below is a table of my plan. I have executed the first four weeks and have four to go. If a cell is green in the first table, that is the actual amount I invested. White cells are future purchases. At the bottom of the table, it shows the value of that investment today. As of now, I am down 10% across the board. + +$APLE - Hotels + +$LTC - Senior Living + +$GOOD - Commercial Real Estate + +$GAIN - Business Development + +https://preview.redd.it/1d5e47uc24z41.png?width=1216&format=png&auto=webp&s=b97bf22735cd961d9d4a9e8ee9f9c4643a0d6b09 + +I'd love some feedback. I plan on sticking to my plan regardless, but if you are hesitant to purchase high-yielding dividend stocks right now, this may be a safe way for you to see if the past is something you can count on (meaning buy low, sell high). +With all the noise in the markets and in the world where are you guys finding safety and long term divided growth! Over the past couple months I have moved more cash into RTX, O, KO, MCD, SBUX and DIS! Theses were my top 5 to watch and take advantage when the market started to go down. Whats your top 5 or top sector you guys have been watching! Some sector's are still down and I am looking for new opportunities as prices have increased quite a bit lol +Hi guys, I am pretty new to the market, I’ve been doing as much learning as I can watching videos reading things online, I have a fair understanding of investing and dividends I really would like to start my investing journey to passive income. I have a good job and barely any bills to pay because I am young and still at home. So far the only etf I own is SPHD, and although the dividend is monthly. I’ve heard mixed things about it not being safe and also a yield trap?What are you favorite etfs that offer great growth and a good dividend? What are some of your favorite stocks that offer good growth and a good dividend? +Thanks guys :) +[https://www.cnbc.com/2022/08/05/jobs-report-july-2022-528000.html](https://www.cnbc.com/2022/08/05/jobs-report-july-2022-528000.html) + + + +Hiring in July was far better than expected, defying signs that the economic recovery is losing steam, the Bureau of Labor Statistics reported Friday. + +Nonfarm payrolls rose 528,000 for the month and the unemployment rate was 3.5%, easily topping the Dow Jones estimates of 258,000 and 3.6% respectively. + +Wage growth also surged higher, as average earning earnings jumped 0.5% for the month and 5.2% from the same time a year ago. Those numbers add fuel to an inflation picture that already has consumer prices rising at their fastest rate since the early 1980s. +Tldr: This isn't debatable: ADA will not have defi until they deploy a sidechain or other solution that has not yet been developed, let alone tested. Telling people "it's okay, don't worry about this FUD" will directly cause people to lose serious amounts of money. Everyone needs to understand the additional risks they will be taking on if they use centralized "defi" on cardano. + + +This is not FUD; this is a serious problem. The cardano chain absolutely cannot run a uniswap DEX. That's bad, but the real problem is that everyone, including devs [learning plutus ](https://plutus-pioneer-program.readthedocs.io/en/latest/pioneer/week10.html), are actively being misinformed by cardano's leadership. + + +The problem is fundamental to cardano's eUTXO architecture. In plutus, every AMM pool has an NFT that must be referenced to create a tx on the exchange. And, every tx writes over that pool NFT with an updated NFT that reflects the current state of the pool. Every tx must create a new pool NFT, and no txs can call the previous NFT. + +In UTXO all txs are deterministic. That means that if you and me both call the existing NFT pool for our tx, only one of our txs will be completed. I can't reference the pool NFT if it doesn't exist anymore, because you beat me to it. My tx will fail, and I will have to call the new NFT that your tx created. + +So, you can code a Uniswap AMM program, and everything will look completely fine as long as one person trades at a time. When 50 people attempt to interact with it (within the amount of time it takes to query the state of the pool, consider accepting the exchange rate, and actually submitting a tx), 49 of their txs will fail, and you will soon have a pile up with thousands of txs failing for every one tx that succeeds. Realistically, the pool will change before most people even attempt to submit the tx, causing it to immediately fail. + +That's why it currently is not possible to run a DEX on cardano. DEXs will have to be run on non-eutxo sidechains or use other methods that have not been fully tested yet. This is a PITA, but the real problem is the workaround solutions that are going to be implemented. The ADA community's (and Charles' very intentional) misrepresentation of the issue is going to end disastrously. + +https://medium.com/occam-finance/the-occam-fi-technical-series-on-concurrency-cd5bee0b850c + +https://twitter.com/ErgoDex/status/1434241109283287041?s=20 + +https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575 + + +Sidechain and decentralized solutions to this problem do exist, but none of them have been developed or tested yet. Sundaeswap claims to have a secret solution, but it's really not possible that they have a decentralized solution ready to go. + +There is a HUGE difference between going "off-chain" to a decentralized sidechain and going "off-chain" through a centralized, trusted custodian (even if they route your tx to another decentralized chain). Charles knows this, and he also knows that you don't. + +This means, that for the time being, cardano will not have decentralized exchanges, and because of the community's refusal to acknowledge and honestly address this conversation, most ADA users will have no understanding of the vulnerabilities these centralized exchanges represent. + +Until this problem is solved, treat every cardano "DEX" like a "CEX." Do not leave large amounts of money in their SCs. There will be DEXs that pop up and offer great APRs using the same code as well-known projects, but they will exit scam. People will exploit this. Cardano should delay smart contracts until this is resolved. This will make cardano the riskiest chain for defi. + +Edit: I cannot comment, message or post on reddit anymore because the cardano sub reported this post as harassment and my account is suspended (this post started as a comment, replying to a post on their sub). +*Disclaimer: Any commentary is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. For proper financial advice, seek professional guidance from an accredited and registered professional outside of Reddit.* + +If you are new to r/ETFs, please familiarize yourself with the rules listed in the sidebar. + +**Ask other Reddit users to rate your ETF portfolio!** +Good Afternoon, + +I recently turned 18 and am headed off to college soon, I just opened a Fidelity account and have been researching what to invest in. I have always wanted to dive in but was too nervous about committing. Now that I am officially an adult I now believe it is time to do the responsible thing. + +I plan to open a Roth IRA when I get a job at college. In the meantime, I want to start my investments. Given the current market conditions, what is reasonable? I have about 500-1000$ I am willing to put in and leave for the long term, adding a % of income per month as well. + +From my understanding a 100% VT is the most simplistic form for beginners and healthy given the current market, I am open for advice, correction, and guidance. On the flip side, should I invest X amount into VT and also take part in some individual companies or stick with a holistic ETF? Other options I am considering are VDC, VTI, QQQM, etc. Hopefully, this is not a silly post as I genuinely want to learn, thanks. +\[Active ETF\] + +ARKX - Space Exploration (whenever it comes out) +ARKW - Next Generation Internet +ARKKG - Genomics +PBW - Clean Energy + +\[Index ETF\] + +QQQJ - Narrow index of next eligible 100 stocks for inclusion in NASDAQ-100 index + +&#x200B; + +I feel like there's a lot of overlap especially with QQQJ and the active ETFs. + +Any advice on this? Generally I'm okay with moderate risk levels +Hello, + +I am very new to the scene and have recently started working as I recently graduated. I am wanting to put some money into an ETF as I have seen and read many things that from just a 10k deposit you will greatly benefit from it in the future due to compound Interest. My question is should I wait to invest 10K or just slowly add money in each pay check? What are some of the dos and don’ts sorry if you see this type of question all the time + +Thanks in advance! +Hello from Canada! + +What is everyone's thoughts for the rest of the year and 2021? + +I currently hold XGRO 80e/20b but I was thinking of moving to XBAL 60e/40b for the rest of the year and into 2021 during this period of economic contraction... + +I am curious to see what everyone is thinking for the 2020-2021 outlook? + +Cheers! +KOMP has good returns and also focused on innovation. It has slightly better returns than ARKK over the last 3 months (48.97 vs. 47.13). More diverse holdings (400 vs. 50) and lower expense ratio (.2 vs. .75). It doesn’t match up with the returns over the course of a year (83.88 vs. 165.97) but still very healthy returns and isn’t as high risk given its diversification in my humble opinion (for example TESLA is almost 10% of ARKK’s current holdings). I’m not an expert by any means though, so wanted other people’s opinions. What do you think? Am I missing something? +As the title mentions, I'm new to ETFs and Investments in general. I have a 401k with an employer that I max out, I have a ROTH IRA that I max out as well. Only now have I been able to think about alternative ways to invest for long term growth. + +Over the last year, I've set up what I consider a foundation of investments with just a few ETFS, they are as follow: + +VO: \~$6k (+$800 UGL) + +VOO: \~$8k (+$1200 UGL) + +VB: \~$10k (+$500 UGL) + +VXUS: \~$1200 (+$30 UGL) + + +Having joined this sub not too long ago, I've been trying to learn and absorb the conversations, but here are just the few questions I have: + + +Since these ETFs cover an extremely broad market and are doing just fine, does it make sense for me to diversify or continue with just contributing within this small portfolio? + +How much time should I spend getting into learning about ETFs? + +Or what should my mentality be when getting into investing like this? + +This might not be the best way to put it... What should I make my priorities when assessing ETFs? + +&#x200B; + +Thank you in advance. I know there's a ton to learn out there and I've barely seen the tip of it. +Hey, + +Was just wondering what are some really great high-growth technology based ETFs that I should put about $500-$600CAD into, since I am a beginner. + +Looking to hold for about 2-3 years. +Hi all, I am a European investor and recently an account with Interactive Brokers. +Would you hold ETFs traded in USD or EUR? What are the advantages and disadvantages of both? +Would you fund your account in USD or EUR? +Thank you! +Hello. I´ m fairly new to an stock trading and EFT and all. I´´ ve recently bought 5 shares of S&P 500 EFT Vanguard VUSA on trading212(I´ m from Czech Republic). However, I have not found out back then that this is a distribution EFT that pays a dividend. Anyway, on the trading212 page there is a possibility to auto-reinvest my dividends, which will be automatically invested back into this EFt. Is there some disadvantage compared to the accumulation EFt? +So I am pretty young 23yrs old and I am looking take on risk for a higher hyper growth return. Would the idea of making my portfolio 70% QQQM & 30% QQQJ be a bad idea ? know I know i should just be sticking all my paychecks in VTI or VT but like I said I am young and looking for more aggressive returns to build wealth throughout next 5-10 years. +newbie here. i like the idea of investing in ETFs like SPY or SPYD. from my understanding, it doesn't seem like SPY could ever go to 0 since it tracks/mirrors the S&P 500. Or if it did, there are greater things than money to be worried about because the entire economic system has probably collapsed if that happens since the biggest companies will always have some value. i get how buying and holding SPY you pretty much never have to worry about it going to zero or getting delisted. + +&#x200B; + +however, i don't really understand how SPYD works that well. my understanding is that it is the highest paying dividend stocks in the S&P 500. + +1. can SPY or SPYD get delisted from their exchanges if the price ever got too low or are ETFs exempt from delisting? +2. in what scenario would SPYD fall below $1 or even go to zero? +3. if every company in the S&P 500 suspended dividends, would SPYD go to zero? +4. if a company in SPYD suspends dividend, does the ETF simply buy the next highest dividend stock ? basically does SPYD auto-balance/correct the fund like SPY does by making sure the assets owned are updated if a company goes bankrupt or suspends dividend +Hi guys, please feel free to feedback on my current ETF holding would really appreciate to get insights/suggestions from the investors here much appreciated + +1) ARKG (ARK GENOMIC REVOLUTION) + +2) AWAY (Travel Tech) + +3) CQQQ (INVESCO CHINA TECHNOLOGY + +4) ESPO (VANECK VIDEO GAMING ESPORT) + +5) ICLN (ISHARES GLOBAL CLEAN ENERGY) + +6) JETS (US GLOBAL JETS) + +7) LIT (GLOBAL X LITHIUM & BATTERY) + +8) MSOS (PURE US CANNABIS) + +9) QQQJ (INVESCO NASDAQ NEXT GEN 100) + +10) VEA (VANGUARD FTSE DEVELOPED) + +11) VTI (VANGUARD TOTAL STOCK) + +12) WCLD (WisdomTree Cloud Computing) + + + +VTI accounts for 24% and the rest of the ETFs account for around 7% each. Thanks again for looking at this +Hey guys, I'm 27 and coming from a country where there's no capital gain tax, but there's a 30% withholding tax on any dividends, I do not have a fixed monthly income as a freelancer, so some months I'll have couple hundreds to invest, but sometimes thousands. + +Wanted to build a portfolio that focuses on growth and doesn't have to worry too much about timing and just dump money into it whenever I have it. Here are a few ETFs I've picked, let me know what you think. + +70% - CSPX (S&P500 fund from Ireland for 15% tax on dividend) + +10% - QQQ (For that extra growth) + +10% - USSC (Small Cap Value \[For that size premium thingy from MPT\]) + +10% - USSC / EIMI + +Using the above composition until I'm 55 then maybe start allocating partially to bonds fund, but for now I do not want bond, I just want growth of capital +Hi, I’m looking in to investing in ETFs and wandering if the Motley Fool stock advisor service provide recommendations on ETF picks or just individual stocks? If not, what credible sources of information on ETF choices should I consider? +I was in the market about a year ago primarily in QQQ and then went to cash due to an emigration + +I want to go back in again after the FED interest decision mid March + +I have approx $950k to put into ETF’s and would welcome what you would recommend + +My thinking is that I always want to be primarily invested in Tech, only North America but a little more diversified in terms of including value companies. + +My thoughts were… + +- QQQ +- Which is your best ‘Value’ Large & Mid Cap USA ETF? +- Which is your best S&P500 ETF? +- What is the 4th or 5th ETF I should be adding to the mix that you think should be there? + +Thanks… +So my question is, who sets the ETFs price? I know the company issuing the ETFs can rebalance the holdings to increase/decrease the price so does it mean that the ETFs trading on the market are always equal to the price set by the company? Or are they like stocks where investors manipulate the price? +Currently, I'm investing using EUR in ETF (VWCE) that has a base currency USD. + +[https://www.investopedia.com/articles/markets/080816/heres-what-will-happen-if-euro-fails.asp](https://www.investopedia.com/articles/markets/080816/heres-what-will-happen-if-euro-fails.asp) + +Recently, I have started losing trust in the EU and the EUR currency, so now I'm wondering what will happen to ETFs listed in EUR. Basically, I want to understand what actions I would need to take if this happens. For example, if the EUR fails, VWCE gets changed to be traded in GBP or some new German currency and the price will be set based on the exchange rate to USD, or the ETF will be closed and I'll be forced to sell my shares? +Hi friends. You may remember me from the infamous South Park “lesson on lingo” meme on the OG bets sub that hit #1 post on reddit (can't link it, but it's on my profile). I’ve never been, and will never again be, so loved. I apologize in advance for some of my language choices. Here we go… + + **First thing’s first, let’s all agree right now:** + +https://preview.redd.it/61quvdb4hra81.jpg?width=599&format=pjpg&auto=webp&s=bf5279ae725982dc82e81b2329e631c422af3a15 + +**EVERYTHING FROM RIGHT NOW TO THE MOASS IS SIDEWAYS TRADING**. We used to have someone around here reminding us every day, I miss that. The current price of GameStop stock doesn’t matter. It really doesn’t. Green day? Red day? Candles and triangles and cups and handles? Bears, bulls, Battlestar Galactica, who the FUCK cares. If the price is still below the average amount student loan borrowers owe the oligarchy then I’m not checking the god damn ticker. + +**LET’S REMIND OURSELVES WHY WE’RE ALL HERE**. I’m not talking ‘wen lambo’ idiocracy shit. WE ARE LIVING IN A TOTALLY FRAUDULENT SYSTEM, and we know from all the excellent PEER-REVIEWED DUE DILIGENCE in this sub that hedge funds and market makers colluded, conspired, and BROKE THE LAW to drive GameStop’s stock into the absolute dirt because, well, fuck it’s what they do to make their blood money. “Shorting a stock is necessary for price discovery” they ooze from atop their glass castles, as they drive companies into the ground and send workers to the unemployment line in the pursuit of absolute greed, that Biblical level shit that makes me want to reenact the movie SEVEN. + +https://preview.redd.it/9t908ui7hra81.png?width=480&format=png&auto=webp&s=e005ea6acc4c2646bc2ea92ec63e3b38b4aa0190 + +**THE IDIOSYNCRATIC RISK OF GAMESTOP IS NOT A GAMMA SQUEEZE, IMPLIED VOLATILITY, OR DELTA HEDGING - IT IS THE ILLEGAL NAKED SHORTING WHERE HEDGE FUNDS SOLD SHORT SHARES OF GAMESTOP IN MULTITUDES OVER THE ACTUAL FLOAT.** Our core belief of this entire situation, of the MOASS theory, our chance to WIN against the casino’s stacked odds against us, is that we got wise to the “cellar boxing” bullshit where they would erase companies by cratering their stock price to nothing by shorting the ever-living shit out of them with synthetic shares, so so so so many fake shares that the Short Interest of GameStop was 226%. When a company dies, and the stock price is at zero, no one ever comes accounting for how many shares were out there, who owned or owed what, and who profited from this straight-up execution. There is no CSI crew that investigates these corporate homicides. + +https://preview.redd.it/wr11jwwahra81.jpg?width=500&format=pjpg&auto=webp&s=1450b2049dee379830e08dd71f1105bb9cd353bb + +**THERE IS NO EXISTING FACTUAL MECHANISM FOR TRACKING THE TRUE NUMBER OF SHARES ON THE MARKET OR MONITORING NAKED SHORT SELLING.** The SEC is as toothless as Gary is bald (sorry my man, but *facts*). The DTCC *might* actually know how many shares of GameStop are out there, but they’re the ones we’re trying to take down, so they’re never going to release that information. FINRA? SHORT POSITIONS ARE SELF-REPORTED! Imagine asking the kid in the back of class sniffing glue and jamming crayons up his nose to grade his own book report. The little bastard thinks Animal Farm is a warning against Socialism but he still gets an A+, I know, unbelievable, but this is the level of fuckery we’re dealing with here. + +**SHARES OF STOCK IN BROKER OR RETIREMENT ACCOUNTS DO NOT LEGALLY BELONG TO US AND THE INSTITUTIONS WILL LEND THEM.** Brokers are not your friend, they’re your Uncle that makes inappropriate comments about the size of your tits at your 8th-grade graduation party. All shares in the market are actually registered to Cede & Company, a financial institution whose role is to process transfers of stock certificates. When we buy on brokers, the broker finds some shares (if they even DO find shares, looking at you Boy from Bulgaria) and then they’re in your name… but not really tho. It’s “street name” only, which doesn’t really mean jack shit to the DTCC when hedgies need shares to keep short selling and driving the price of a stock down. Remember every certificate legally held by Cede & Co is considered to be “reasonable to locate,” which means the hedge funds can go ahead open short positions, borrow and sell shares, without ever having them in the first place because the assumption is that they can “locate them” if they need them. On the other side, thanks to Fudelity’s shares-to-borrow blunder a couple of months ago, we know our shares even in cash accounts and retirement accounts, which they pinky promise-womise they don’t lend out, are in reality being lent as shares available to short. Classic double dutch door action, we’re getting it from all sides. + +https://preview.redd.it/1bwl4p5ehra81.png?width=610&format=png&auto=webp&s=72264b28ebacea6195271ba17dda2190dcb62254 + +**WHEN THE NAKED SHORTS FAIL TO DELIVER, THE HEDGIES USE DEEP OTM OPTIONS CONTRACTS TO KICK THE CAN AND HIDE THEM.** They can do this, create these deep puts, because if they need to kick the can on 10 million shares the DTCC can say “look, Cede & Co has over 10 million shares of GameStop in the market, it’s totally plausible you could get all the shares you need for these contracts… WINK WINK BOIS.” Options contracts are as GOOD AS SHARES to the DTCC, hedged or not! OPTIONS CONTRACTS ARE BEING USED TO PROVIDE LIQUIDITY TO THE MARKET. They NEED that pool of shares in Cede & Co to back them. It is their lifeline - if there are no shares to reasonably locate down the line, they cannot punt their FTDs with options. + +**THE ONLY 100% ABSOLUTE FUCKING WAY TO STOP THE FLOW OF LOCATABLE SHARES, STOP SHARES IN BROKERAGES FROM BEING LENT OUT FOR SHORTING, ELIMINATE THEIR ABILITY TO PUNT FTDS, AND TO UNDENIABLY PROVE THAT GAMESTOP WAS ILLEGALLY NAKED SHORTED IS TO REMOVE SHARES FROM THE SYSTEM VIA DIRECT REGISTRATION, BRICK BY BRICK.** We snatch those shares and run like we stole’em. That’s it. That’s the whole ballgame. We LOCK THE FLOAT in OUR NAMES via DIRECT REGISTRATION with Computershare and we’ve taken away all of their power and given it to US. POWER TO THE PLAYERS. Ryan & the GameStop board can announce that the float is locked (they announced the DRS numbers in their last quarterly filings, so we know they can make this public) and then KABOOM. Shorts must close their positions with REAL SHARES and WE HAVE THEM ALL. What’s my price? I don’t know, but mama ain’t raised no paper-handed bitch. + +https://preview.redd.it/01dv5lxhhra81.jpg?width=876&format=pjpg&auto=webp&s=e2e326e3175eeda4dba7268a2d9994e7f7cdaba5 + +**DRS IS THE WAY, IT IS CHUCK FUCKING NORRIS DELIVERING A ROUND-HOUSE KICK TO THE DOME OF THE HEDGIES, IT NEEDS NO BACKUP OR ASSISTANCE.** There’s a lot of pushing out there now about how we need a ONE-TWO PUNCH to finish this fight, but that’s actually retarded, because DRS IS THE WAY. How can you argue, if something is THE WAY, that it needs more… the way? I can’t be the only one who sees the fallacy in this logic. Every dollar you have to contribute towards MOASS should be spent getting shares, RIGHT NOW, from the brokers into YOUR NAME via Direct Registration. Someone did some “napkin math” where they said if you have $4800 you can buy a couple of calls for March and, if EVERYTHING GOES PERFECT with the stock price and it goes up $130-ish more per share and it DOESN’T magically close at max pain, then you MIGHT JUST MAYBE end up with 100 shares two-and-a-half months from now. OR you could get totally fucked and have ZERO dollars and ZERO shares in two-and-a-half months. OR you could take the $4800 and get 34 shares, NOW, in YOUR NAME, and then when the float is locked and the hedgies have to buy your shares… what’s 34 multiplied by infinite losses??? My napkin math just says “hedgies r fuk.” + +**BUYING PRESSURE AND FORCING THE SQUEEZE BY GAMMA RAMPS AND OPTIONS MECHANICS DOES NOT MATTER WHEN THE PRICE IS WRONG ON A HEAVILY MANIPULATED STOCK.** This has NOTHING to do with how well or not you understand options and everything to do with their TOTAL IRRELEVANCE when it comes to the SUPREME ULTIMATE POWER OF DIRECT REGISTRATION. I really have to wonder why suddenly there seems to be this big rush to FORCE something to happen, to create this magic “buying pressure” on a stock where the market has NOT been playing by the rules since day one. They turned off the market in January 2021, do you think they won’t do that again? Do you think they haven’t been spending the last year figuring out all the different ways they can halt us again if we should somehow, someway, generate mass FOMO and buy-in again? Every time we think we have some crazy pattern or cycle figured out and got all hype what happened? A big fat NOTHING BURGER. Do you truly believe they don’t already have a plan in place for when those puts expire later this month? What is this weird desire to get “the OG sub” back in on GameStop and to have them FOMOing in? None of this makes sense when viewed through the lens of DRS IS THE WAY. I can’t be the only one who feels like there’s a real desire to keep us from putting every last cent we have towards DRS. There is no DRS equivalent for controlling options once the contract is in the market, there’s no way for us to control the power over options as we can with shares registered in our names at Computershare. Options leave you exposed. WE ARE SUPPOSED TO BE ATTACKING THEIR INFINITE RISK, NOT ADDING UNDUE RISK TO OURSELVES. + +https://preview.redd.it/wwv1tz4lhra81.jpg?width=500&format=pjpg&auto=webp&s=cd7336fe70dca97168ae04d491cd38bbf401ceee + +**NO ONE IS DENYING THAT DFV USED OPTIONS, BUT TO HARKEN BACK TO HIS OPTIONS PLAY WITHOUT ALSO ACKNOWLEDGING THAT HE HAD THE ADVANTAGE OF BEING FIRST, WITHOUT ALSO ACKNOWLEDGING THAT THE LANDSCAPE HAS COMPLETELY CHANGED IN THE LAST 12+ MONTHS IS DISINGENUOUS.** DFV’s calls had strike prices of TWELVE DOLLARS when the stock was going for like TWO BUCKS A SHARE. They cost him POCKET CHANGE to buy each contract. Comparing his options play to the current market is like drilling a hole in a coconut and calling it a pocket pussy. Sure, you can stick your dick in it, but don’t come crying to us when you’re left with nothing but penis colada. + +**WE HAVE BEEN IN THE SHIT NOW FOR A YEAR, HERE ARE SOME MORE THINGS WE’VE LEARNED ALONG THE WAY:** +NO DATES except that EVERY DAY is a GOOD DAY FOR MOASS. +NO HEROES. We thank everyone who contributes to this sub but never lose your will to critically think and independently research & verify any and all information that is presented here. +STAY ZEN. There’s no reason to get worked up over the ticker movement or whatever bullshit the MSM is spewing this week. +WE CAN STAY RETARDED LONGER THAN THEY CAN STAY SOLVENT. Believe in the plan. It’s been a year, what’s another six months? What’s another year, or two, or five? +BUY, HODL, DRS & SHOP GAMESTOP. + +**A 30,000 FOOT REMINDER: ALL OF THE ENTITIES ENTANGLED IN THIS FRAUDULENT SYSTEM, THE ONES WHO ARE SUPPOSED TO EXIST TO PROTECT OUR INTERESTS AND OUR ASSETS, ARE CRIMINALLY COMPLICIT.** How many of you still have bank accounts with Bank of America, Wells Fargo, Citi, Goldman, Chase, etc, on and on down the line, these crooks who fuck us for their own greed, and when your rent check overdrafts they charge you a fee for not having any damn money? Get out of that shit. Today. A local non-profit Credit Union is a good place to start. Do your homework. We need to exit ALL of it. If you have any stonks that aren’t GME, find out who their Transfer Agent is (it might even be Computershare!) and figure out how to DRS with them, too. I’M NOT SAYING DON’T PAY YOUR TAXES. No, you should pay that shit, don’t fuck with the IRS. Those bastards got Capone. + +https://preview.redd.it/osaqbccqhra81.jpg?width=1200&format=pjpg&auto=webp&s=05a5cd83e555c6955dc353091eb92aeb6743e66b + +**THE SUN IS GOING TO EXPLODE, GIVE OR TAKE 4 BILLION YEARS, SO NONE OF THIS REALLY FUCKING MATTERS.** Don’t waste the only life you get on bullshit. Something’s going to get you, on a long enough timeline everyone’s survival rate drops to zero. This is our best chance to effect actual change in our lifetimes. We all like to daydream about spendin’ tendies on possessions and things, but I don’t think there’s any doubt that mass fortunes in our hands would be put to better use for the good of humanity than the people who simply want to acquire wealth to die with the most toys. + +**I’M FUCKING SPENT, SO HERE’S THE END.** Obligatory, not financial advice, I am not a financial advisor, I just like the stock. Be excellent to each other, call your mother, BUY, HODL, DRS, AND SHOP GAMESTOP. + +https://preview.redd.it/ui9c36lshra81.jpg?width=635&format=pjpg&auto=webp&s=9d50f8b281f5222587a9bf193eec6691e635ae9c +Just thought you guys would get a kick out of that. She's probably the oldest owner of Bitcoins in the world, and she's sitting on $20,000 worth. In part because her crazy grandson convinced her to take a chance! :) +Obviously we're fairly poor or we wouldn't be here. But some people are capable of extremes that go beyond common sense and not everyone is able to. Found you spend $100 on Starbucks every month? Need a cheaper alternative? Brewing your own coffee and buying certain creamers for less than $10-20 a month is a great alternative! You can listen to whomever suggested that. But it IS okay to ignore the guy suggesting you boil dirt or dumpster dive behind Dunkin Donuts for used grains. +I pay yearly for my comprehensive car insurance and last year, it was around $990. This year, I got my renewal forms with a slight price increase to $995. However, if I get a quote for a new policy, with the same excess, same optional extras, same car, same mods, with the exact same insurance company, the quote is only $816. Is there any reason at all not to just create a new insurance policy every year instead of renewing and paying a steep premium? +I've been watching a lot of videos and i've learned a lot,but i just can't seem to find the answers to how you actually find stocks and how to apply different strategies. + +How did you guys learn to day trade? +Just wanted to say thanks for all this. This subreddit helped gove me motivation to get my finances/life in order. I used to have a victim mentality because I would tell myself my struggle with finances is because no one, not even my family, taught me shit about money. Maybe it is partly society's fault why a lot of us struggle. all I know is I'm taking the bull by the horns and working towards independence. +For those you aren't aware, the Crypto Fear and Greed index uses 5-6 measurements to assess the current sentiment of the market and then rates that level of emotion on a scale of 1 to 100. 1 is extreme fear and 100 is extreme greed. + +Those measurements are objective of course - they look at volatility, social media, momentum, dominance, google trends and (now paused) surveys. + +Here is the link to the site, you can look at the chart, click "max" and you will see a movement of the index since the start of 2018. + +[https://alternative.me/crypto/fear-and-greed-index/](https://alternative.me/crypto/fear-and-greed-index/) + +In theory, the idea should be that in cases of extreme fear, the market is terrified and panic selling, and it is a good buying opportunity. When the market is in a state of extreme greed, people are getting extreme fomo and buying regardless of the elevated prices. Hopefully you get the picture. + +There is a lot of movement in the chart but it is the extreme fear and greed regions that interest me - specifically around the region of 80 plus or 20 below. + +Today the fear and greed index is at 10 - almost a record low. + +Looking at the index to date, there are only six other times in the past where the index has plunged below 20. I thought it would be helpful to look at that regions, what was happening and the price at that point, and to think of those as historical buying points (note that during the "China Ban" crash in September, we got to 20, but never went below that). + +**6 February 2018 - Index Score: 8. BTC Price $6,852.** + +This is probably the point at which there was a realization we truly were in a bear market, with bitcoin already down around 65% since its top. While buying at this point (the start of a 1 year bear market) is not exactly enticing, that price was more or less the average price for most of the year. Certainly not a bad entry point if you had resisted the temptation to buy in the entire bull market of 2017. + +**1 April 2018 - Index Score 16. BTC Price $6,975** + +Around March of 2018 was a bit of a "dead cat bounce" with the price recovering to nearly $12,000. Many people breathed a sigh of relief, portfolios turned green and it seemed like the bear market was over. Nope. Bitcoin immediately crashed right back down again to prices similar to February. Hence a moment of extreme fear. + +Again, this wasn't a particularly bad buying point historically, having just avoiding fomo of the surge in bitcoin up to that much higher price level. + +**25 November 2018 - Index Score 9. BTC Price $3,895** + +Now we're talking. This was the time of the infamous "hash wars" when BCH forked and the markets plunged into absolute chaos. Bitcoin crashed through its $6,000 support level and halved in price. + +This was an absolute buying opportunity - perhaps the opportunity of a lifetime, with an average price around this level for six months. Happy to say I bought right through but not enough. Each buy at the time seemed painful, and it was embarassing at times for people to even know you were in crypto. + +Also recall that at $3,100 very few people were calling this the bottom (shout out to Smart Contractor from twitter here who picked it). Many had buy ladders down to $1.3k, and it seemed a fall to at least the mid $2,000s was obvious. A little bit like those all calling for $25k right now. + +**22 August 2019 - Index Score 5. BTC $10,124** + +This one might feel like a bit of an anomaly, but in some ways it feels quite similar to today. Bitcoin had just ripped from $4k to around $14k and the bull run was on. After a short period, bitcoin fell sharply and the price started to collapse downwards. I think "5" is a bit extreme for fear but this was the realization that the bull market might be over. For the next six months, the bitcoin price let out steam down to $6.5k (aside from one day when President Xi managed to pump us back to $10,300 - oh for the days when China would actually pump our prices). + +So not a great buying spot, but better than FOMOing at $14k and historically still not bad. + +**13 March 2020 - Index Score 10. BTC $5,142** + +I don't think this one needs much explanation. The corona effect was sharp and deadly, with the bitcoin price absolutely collapsing quickly. Again, I don't think we have any debate that this was one hell of a buying opportunity. Even more if you had cash to deploy in the weekend. One person I know bought ETH at $85 or so at that point. And there are some people suggesting the charts today are quite similar to this. Hmmmm. + +**20 May / 22 June / 21 July = Index Score 11, 10 and 10. BTC around the $30,000 mark.** + +Each of these points marked a point in time where Bitcoin was teetering on the edge of the $30k mark (or slightly below) and many were calling for a massive break and plunge to $20k. We all know what happened, and we now can say that indeed these were great buying points. + +I believe I posted my original post when the Fear index was around 15 and the BTC price was $37k. Not a perfect time to buy, but hardly that bad. Now at that last fear point (21 July) - the absolute worst time to sell, I saw on youtube a person who was so convinced BTC was about to plunge he converted his 3 year BTC savings $20k into a leveraged short, then when that was nearly margin called on the super pump, he used his credit card to borrow $21k more to short, and lost it all. That is what fear does to you. + +**Today - Index Score 10. BTC = $41,900** + +And here we are. What I think is interesting is that this is by FAR the highest the price has ever been with fear at this range. Which is kind of amusing in some ways, as I feel the realistic worst case crash might take us back down to $30k or so, the same price at which we were just as scared last time. And I think the fear is fairly real here, with at least one person I know in real life "cashing out" at 41k. + +Put another way, if BTC had jumped $12k from $30k to $42k in that mid-year bear period, I imagine people would be calling for extreme greed. +Not my write up, but I heard about this blog post on a podcast and wanted to share it here. + + +[**Another Roaring Twenties May Be Ahead**](http://blog.yardeni.com/2020/08/another-roaring-twenties-may-be-ahead.html) + + +We seem to be living in unprecedented times. We always seem to be living in unprecedented times, according to conventional wisdom, mostly because we don’t spend enough time studying history. There’s certainly a precedent for our current times in the past, one that was truly unprecedented back then. + + +World War I was followed by the Spanish Flu pandemic of 1918, which infected an estimated 500 million people and killed as many as 50 million. Given that the world population was 1.8 billion back then, that implied a 28% infection rate and nearly a 3% death rate. Both stats are currently significantly lower for the COVID-19 pandemic. Today, the global population is 7.5 billion. There have been 20 million cases and 735,000 deaths worldwide as of yesterday. + + +The good news is that the bad news during the previous precedent was followed by the Roaring Twenties. So far, the 2020s has started with the pandemic, but there are plenty of years left for the prosperous 1920s to become a precedent for the current decade. If so, the driver of the coming boom will be technology-enhanced productivity, as it was during the 1920s. + + +Before we go there, let’s go back to the late 1700s and recall the grim forecasts of Thomas Malthus. He was the first economist, and he was a pessimist. In other words, he was the first Malthusian. During the late 1700s, he predicted that populations would grow faster than food production; the result would be a regular cycle of starvation and death. He was dead wrong. Agriculture was among the industries that benefited the most from the Industrial Revolution of the 1800s. Technological progress always confounds the pessimists by solving scarce-resource problems. It also fuels productivity and prosperity, as it did in the 1920s and could do again in the 2020s. Consider the following: + + +(1) Technology during the 1920s. In 1920, 51% of the US population lived in cities, up from 23% in 1870. This remarkable urbanization was enabled by innovations in electricity and plumbing. Electric grids provided clean, bright light without emitting smoke. Urban water networks supplied clean water, and sewer systems removed waste without the pungent odors of chamber pots and outhouses. Telephones allowed people to converse with distant friends. + + +Henry Ford’s Model T, built between 1908 and 1927, was the first car invented and helped people to live an easier life by making transportation easier and faster. In 1900, just 8,000 motorcars were registered in the US, but there were 9 million in 1920 and 23 million in 1929. Streetcars and subways, unheard of in 1870, were in all the major cities by 1920. Intercity trains were becoming steadily faster and more reliable. Detroit Police Officer William Potts came up with the idea of traffic lights, taking inspiration from railroad traffic signals. General Electric bought the idea for $40,000, and traffic lights soon were everywhere. + + +Ford’s assembly line innovation boosted productivity in many manufacturing industries, including the processed food industry. National food brands—including Heinz, Campbell’s, Quaker Oats, Jell-O, and Coca-Cola—began to fill cupboards. Refrigerated railroad cars and in-home iceboxes meant that vegetables were available in winter. Restaurants began to proliferate early in the 20th century. When people out and about in their Model Ts got hungry, their options were few, but the first fast-food chain opened its doors in 1919, an A&W (better known today for its root beer). White Castle hamburger stands opened in 1921, and the first Howard Johnson’s restaurant in 1925. + + +Increasingly, anything not available in a local store could be obtained by a mail-order catalog. The Montgomery Ward catalog was first issued in 1872, the Sears catalog in 1894. By 1900, Sears was fulfilling 100,000 orders a day, and its catalog featured fur coats, furnaces, furniture, and much more—including homes. Sears sold more than 70,000 mail-order homes between 1908 and 1940. The catalog business was helped along by Parcel Post, which arrived in 1913. + + +Penicillin is considered one of the most important inventions to come out of the 1920s. It was created by Sir Alexander Fleming, Professor of Bacteriology at St. Mary’s Hospital in London, after studying bacteria in 1928. The antibiotic kills or prevents the growth of bacteria. + + +The bulldozer—used today in all kinds of construction the world over—was invented in 1923 by James Cummings and J. Earl McLeod, originally to dig canals. + + +Another popular invention found in almost every home by the mid-1900s was the radio. Listening to the radio became a national pastime, and many families gathered in their living rooms to listen to sports news, concerts, sermons, and “Red Menace” news. The phonograph—invented in 1877 and widely used by the 1920s—offered another entertainment option: listening to professional-quality music at home, unheard-of in earlier generations. Outside the home, going to motion picture shows—which were silent until 1927—was a very affordable and popular pastime. + + +(2) Technology during the 2020s. Today’s doomsters could be confounded by biotechnological innovations that deliver not only a vaccine for COVID-19 but for all coronaviruses. Scientists are investigating a dizzying array of approaches to fight COVID-19. Hopefully, beyond finding a cure or a vaccine, one of beneficial outcomes of all this research will be that scientists learn many more ways to combat illnesses in general and viruses in particular. Typically, it takes roughly a decade for a new vaccine to go through the various stages of development and testing. However, the urgency of the pandemic has mobilized global medical resources as rarely seen in human history. Billions of dollars, provided by both the public and the private sectors, are funding the global campaign to develop tests, vaccines, and cures for the virus. + + +My colleague Jackie Doherty and I have been writing about disruptive technologies for some time, usually in our Thursday commentaries. (See our archive of Disruptive Technologies Briefings) The awesome range of futuristic “BRAIN” technological innovations includes biotechnology, robotics and automation, artificial intelligence, and nanotechnology. There are also significant innovations underway in 5G for cellular networks, 3-D manufacturing, electric vehicles, battery storage, blockchain, and quantum and edge computing. + + +As I wrote in my 2018 book Predicting the Markets: + + +“Economics is about using technology to increase everyone’s standard of living. Technological innovations are driven by the profits that can be earned by solving the problems posed by scarce resources. Free markets provide the profit incentives to motivate innovators to solve this problem. As they do so, consumer prices tend to fall, driven by their innovations. The market distributes the resulting benefits to all consumers. From my perspective, economics is about creating and spreading abundance, not about distributing scarcity.” + + +Now consider the follow stats on technology capital spending in the US: High-tech spending on IT equipment, software, and R&D rose to a record $1.32 trillion (saar) during Q2-2020 (Fig. 1). It jumped to a record 50.1% of total capital spending in nominal GDP during the quarter (Fig. 2). Equipment and software accounted for 31.1%, while R&D accounted for 19.1% of capital spending in nominal GDP (Fig. 3). + + +The 1920s ended with a stock market meltup followed by a meltdown. The 2020s may already be seeing a meltup, begun on March 23. We live in interesting, though not unprecedented, times. The Roaring 1920s could be a precedent for the Roaring 2020s. As Mark Twain observed: “History doesn’t repeat itself, but it often rhymes.” +Some points to newcomers after reading some frightening comments over in r/dogecoin: + +·If you don't hold the keys to the crypto, you don't own the crypto. If you can't even withdraw the crypto, you *definitely* don't own the crypto. RH doesn't sell crypto, period. They sell supposed unwithdrawable custodian rights to crypto, and we are hopefully now all aware that RH is full of crap. + +·Setting price targets like that of Bitcoin (30k or whatever) is completely nonsensical. Bitcoin has 18M coins out of 21M total possible mined coins. Dogecoin has 128B coins right now, thats 7100x as many. DOGE also doesnt haven't a hard cap due to regularly halving rewards, so its not deflationary in the way BTC is. It would need a market cap of $4Quadrillion to hit Bitcoin levels. In other words, bigger than all equity markets combined afaik. Dollar cost average (DCA) sells on the way up unless you want to drop off the cliff of euphoria into a 50-90% loss like Jan 2018 for a lot of people here. Its already x8 in a week. Bull runs rarely take coins more than x20 or so in a single major rally, and rallies are normally spaced a couple of years or so apart. + +·Don't chase rallies. Buying significant positions *after* a 800% rally is a good way to be left holding bags. You should be DCAing buys, not throwing all of your savings at it at once. Its also pretty stupid to be all-in on a 9B mcap coin. That's *high risk gambling* if you're dropping most of your assets into it. It will legitimately most likely throw you into a year or two long depression if you lose half of your savings on Fing Dogecoin. + +·Crypto should not be a significant part of your investments. If you're throwing most of your assets in this, and especially at one coin at the end of a major rally, you're not only placing yourself at an insane amount of risk, but you put steady growth of the asset at risk when you inevitably panic sell once the momentum runs out or a big seller enters the market. Everyone in crypto has done this to some degree. Its easy to say diamond hands all you want, and convince a thousand other sardines to buy in, and then have a whale decide they want to sell $200M worth over the next month who doesnt give a shit how it effects you. People have their own motives, and most whales probably aren't on Reddit. The people posting six figure holdings aren't remotely close to whale territory. There's 15 addresses with more than 1 Billion DOGE, and more than 100 with over 100 Million DOGE. Those people could potentially wipe out a rally solo. + +·Diversify your bonds. Have other investment vehicles, AND other coins. My favorite analogy is that of a castle. You want to build your castle with stable assets, this is your emergency cash fund, index/mutual funds, *maybe* some large cap stocks, real estate, bonds. That should comprise at least 50%, ideally 80-90%, of your assets. Speculative investments are the raiding party that you send out to loot shit *once the castle is built*. That's riskier stocks, options, cryptocurrency, etc. Yes, its possible to get lucky if you're solely doing speculative gambling, but its fucking reckless and stupid, and for every DeepFuckingValue, theres 20 people posting loss porn about how they took out a loan for a crypto/options play and got destroyed. It's rolling around with a small army with no defensive position. Really easy to get annihilated by shifting tides in the market, particularly when its all in ONE position. + +·Time in the market > timing the market. Quit trying to get rich in 3 weeks, or you'll end up constantly desperate for get rich quick schemes because you never bothered to build a stable base. Having a large emergency fund, and a significant amount of assets because you played it safe is a peace of mind that you cannot know until you have it. Don't throw away the possibility of that in a few years because you wanted to YOLO into Doge and be rich next month. + +·The diamond hand thing is really...unconvincing, in case you're wondering. If you're trying that hard to convince yourself and others that you can hang on, you won't. Because anyone who's trying to convince themselves of it is clearly not used to having investments go +100-2000%, especially at the speed that crypto does it, so you won't have any instinct for when to take profits. Greed will set in, and you'll convince yourself that it can survive any correction, and you'll still be waiting for the quick recovery once it drops 60-80% and sits there for 2 years. People who do well in this market have limited exposure, and thus can basically forget about their coins for months or years, because they have other investments and secure finances whether crypto does anything or goes to 0. Euphoria and blind optimism doesn't keep someone holding until something goes x100+. Indifference, apathy, and patience are the more frequent catalysts, because you arent checking Blockfolio every 20 minutes and goading yourself into a panic sell when it corrects hard or crashes. Living in an emotional state thats constantly tied to whether the market is red or green blows. Most of us in crypto experienced at least a little of that in our first year or so. In a away, its exciting because the risk doesn't let you focus on anything else, but its a horrific way to live. The mania eventually gives way into broke disillusionment if you don't have at least a partial exit strategy. + +Good luck and be safe. I'm sure this sub would really prefer not having to sticky the suicide hotline number again + +Edit: please take note of ajaxhacker who has posted numerous comments to this thread spamming amc, nok, gme. This is shilling 101. "We the people have spoken"...lmao. Okay buddy. If the people had actually spoken it would involve financial regulation, not trying to make a quick buck. You think we haven't seen this crap before? People were doing this nonstop in 2017 with crypto. Your know what happened? Whales gobbled up everyone, a few shrimp got minted into sharks, but mostly...the rich got richer. Institutions will happily take profits off these before all retail investors have the opportunity to. Who, once again, don't give a shit about "holding the line with their diamond hands" and you losing money, because they've been holding since fall of last year and are already +10s of millions or whatever. Don't be naive and don't get stuck holding bags. This type of sentiment is your worst enemy in trading and is one of the earliest and most painful lessons in speculative markets. These are the whales Im talking about: + +https://www.bloomberg.com/news/articles/2021-01-27/reddit-day-trader-army-fattens-fortunes-of-world-s-super-rich +As the title states, in the James Bond movie 'Casino Royale' villain Le Chiffre shorts stock in an airline company (Skyfleet) with put options. The options expire on the day of his orchestrated terrorist attack on the unveiling of its prototype, which he expects will make the stock tank giving him a great opportunity to execute his options for a profit. + +If you were Le Chiffre with $100 million to bet on a stock, and enough money to plan and execute something which would in theory severely harm a stock, what would you do? +Hi, I want to get started on this topic but don't know where to start. + +Any suggestions for books to read or example code would be helpful. + +&#x200B; + +I basically have written my own backtesting program in C# and this would be a nice to have for learning purpose. +What's the most basic algorithm out there. After about 6 months of playing with data I'd say I'm ready to create a grey-box system. +If it's indicator based that's not a problem. But I'd like something that is tested and proven to work. Also when I say basic, I mean absolute basic. +Kind regards + +Edit: stock based! yet to implement forex or crypto +Here's my situation: + +My lease is up at the end of May, so I have been doing some car shopping recently. I came across a 2010 Audi A4 Avant w/ 60k miles for $13k, and with my expensive taste in cars, jumped on it, and paid cash. I'm now freaking out because although it was a GREAT deal (I could probably get 15k for it), I feel like I was too trigger happy and spent more than I should have on a car. + +Current savings & expenses: + +Liquid assets (checking, savings accounts etc) - $20k + +Yearly pretax income - $47k + +Rent - $550 (includes utilities) + +Food etc - $250 per month + +Insurance - $100 per month + +I know I am in a good position, as I am one of the few 24 year olds I know that does not have any student debt. What do you all think of my decision here? + +I hated paying for a lease, as I was just paying to borrow something, so my train of thought is that although the car may depreciate a little, it will still hold value enough for me to save more money than if I were to lease. + +Would you suggest that I look to sell the car and buy something cheaper ($7k perhaps)? + +Thanks in advance! + +Yesterday they tried to paint RC as a criminal with “breaking news” about his 13-C from March and today to completely misclaim his 144 as a fucking sale only to have See and Bee See pin him as a market manipulator and rug puller on retail traders. + +Little do they know the Jolly Roger has been raised and we are more Diamond balled than ever before. + +Loading on more shares and calls for both stocks tomorrow. + +Prepare to fuk 🚀 + +Edit: 13D aka 13Deez nuts +https://fred.stlouisfed.org/series/PSAVERT + +On the average, the typical US Citizen saves 7%. However, COVID19 caused a massive change in behavior, causing savings rates to skyrocket to 20+%. As we come out of COVID19 however, the savings rate has overcorrected and collapsed to under 4% the past few months. + +I'm not quite sure what this bodes for investors. But it just seems very odd to me in general. I understand the savings rate coming down from the 20%+ ridiculousness, but 3% is near the absolute lows in our history. + +------ + +I also was looking into savings accounts / MMFs, to try to get a sense of how much cash is sitting out there. + +* https://fred.stlouisfed.org/series/TLAACBW027SBOG + +* https://fred.stlouisfed.org/series/MMMFFAQ027S + +* https://www.financialresearch.gov/money-market-funds/us-mmfs-investments-by-fund-category/ + +We can see the big jump in savings in March 2020, as COVID19 happened. I guess the good news is that as a society, our banks are pretty stuffed still. But I guess I was expecting more savings / more cash to be held as interest rates rose, and the stock market dropped by 20%. + +------ + +I'm not sure if I'm going anywhere with this, aside from it all being somewhat unexpected to me. Given all the tech layoffs and recession talk, I guess I was expecting "more fear" in the market. But I'm barely seeing any at all. It could be that some of these statistics are a bit slow to report (the MMFs is quarterly and last reported Q2 2022). But the savings accounts / savings rate is also lower than I expected. +I see all of these comments about coming up with a trading strategy. What does that mean? How can you come up with a trading strategy when you don't know how the markets will move. I've been using a demo account and practicing for 4-5 months now and trading as a career is something I am seriously considering but when I make profits it feels like I just guessed which way the market would move and got lucky. If anyone can help, please do +I rarely find myself there, but, why does it have such a negative reputation amongst "the serious traders"? I am looking for harsh opinions and maybe this thread can point new traders in a different direction. + +From my experience, its filled with ridiculous gimmicks and an influx of worthless strategies and indicators. +Hi noobie question +I used a size calculator for my trade Usd/Jpy +Example I have a balance of 500 Usd +I risk 10% so my trade will be 50 Usd per trade +Stop loss 10 pips + +The sizing will be 0.57 lots + +But what is gonna be my leverage 0.57? +95% of retail traders lose money in the long term. + +This number is just ridiculous. But you should not be so surprised when you think that everyone (almost of course, there are exceptions) is looking for the perfect system, the perfect strategy and they don't pay attention to the real important things such as: mindset, risk management, consistency, discipline and so on. + +Moreover, you find online lots of "fake" traders or "fake" people (without values, I don't mean robots) who try to sell useless course for 700/1000 $ if you're lucky. + +&#x200B; + +You go on internet, on various sites and you see almost everyone talking about some special setups and you see only charts everywhere. + +No one talks about your emotion management during the day, a risk plan that can save your account in difficult scenarios, things to do to have an excellent execution and a great timing. Actually, there a few who talk about these topics, but they're rare, and you have to spend some time to find them. + +&#x200B; + +What do you think about? + +&#x200B; + +Have a great weekend. +Hi, I’ve been trading for about 2 years. I’ve noticed a recent drop off in my consistency recently, like I haven’t been able to pass a prop challenge for a little bit and I’m not really sure what’s going on. I seem to just not be there or something. I’ve been trying to trade forex after being on spy for a while and I am struggling. I can see the potential in forex with the volatility and how much it moves. However this volatility has been biting me so hard. I’m not sure if it’s because of the war or what, but I am so lost in what to do it’s not even funny. Like I’m using a 10k challenge and half the time the market just won’t move so the only way to get paid (and actual % or 2) is using 2-3 lots. Then the trade will go in my favor sometimes and I will take some profits. Otherwise I will get stopped out. However, I am struggling with not breaching my max daily loss using 1-2 lots. Like do you guys just get in a trade for a hour or two max? Seriously. I’ve been been trading and every time the market will just flip and hard too. The moves are not what they used to be or something. Then I’ll end up being stuck in a position I should’ve taken profits on and I really believe in the trade so I want to hold. Then a 50 pip move will come and wipe out my max daily loss even if I just have a lot. I’m really struggling on where to get out of this. It really seems like a jumbled up mess. Sure. Trade A+ setups. I see a setup, boom market just goes straight through it. Oh another setup, this one actually works, then you get shit on. Like what tf are you guys doing? Just not using any risk? When do you get out? How much risk and I mean actually putting down in a trade. So I have a 10k challenge. 1 lot is about 10% of capital. So if I had a 100k account 10 lots is 10% of capital. How are you guys doing this based on what I’m saying? +I'm a beginner at trading and it seems that I make way more losses then gains. So I am really interested in your stories, especially in how you became a consistently profitable, successful trader (although I know that there are losing series, even if on the long term you are profitable). +I am also curious after how much time you started to notice a positive change in your account and what was the reason behind it. +Were the losses due to lack of knowledge? Or lack of mindset or psychology? +Have you all gone through your worst nightmares in the first couple of months or years before you became successful? What made you keep going and not stop before the good part came? +I am not the kind of person who wants to get filthy rich quick, I know that it is impossible and not the right attitude towards trading. But it is hard for me to bear these losses, even if it is a demo account. (At least I was smart enough not to open a real account for the first time :D) + + +Finally, where are you now in trading? Do you do it as a job (=only source of income)? Have you retired and just enjoy life? Or you still have a job and trading is a good source to make money apart from your regular salary? +Investors in small cannabis companies lost $23.3 billion in 2014 because shady stock promoters are capitalizing on the slow tide of legalization in the US by manipulating the penny stock market with “pump and dump” schemes. + +Penny stocks are stocks in small companies that trade for less than five dollars apiece. They’re quoted and traded on dealer networks like OTC Markets because they don’t meet the requirements to be traded on more formal exchanges like the New York Stock Exchange. They’re also extremely volatile. Shady stock promoters capitalize on this volatility by convincing others to buy stock in worthless companies to increase their value temporarily—the “pump”—before selling them—the “dump”—leaving naive investors holding the bag. + +In 2014, pot companies had the most drastic ups and downs for penny stocks according to data analyzed by Openfolio, a social network for investors to share which stocks they’re trading. This indicates that pumping and dumping marijuana stocks has accelerated to a pretty insane degree. + +According to the data, which Openfolio shared with Motherboard, stocks in Medical Marijuana Inc., an umbrella company that sells cannabis-based wellness products, are down 94.4 percent since their peak price in 2014 and investors lost a total of $1.7 billion. My Marijuana Canada, a company that grows and distributes medical weed, slid down a money ladder and is currently down 72.93 percent from its peak. + +Full article here on Vice: http://motherboard.vice.com/en_ca/read/marijuana-investors-lost-billions-in-penny-stocks-last-year + +I feel like my 401k (and spouse) is way disproportionate to our non retirement brokerage accounts. Since we are looking to retire in 3-7 years depending on a sale of business. Would you stop putting into 401k? By the time we retire we will have about 5 million or more in them. + +Our brokerage will not be nearly as hefty (maybe half) unless we sell for 5-10 million which is the goal. It’s not a for sure thing and things could go south at any time. + +My guess is we would have 3-4 million in brokerage without the sale of the business. We will be late 40’s or 50. + +Anyone have any thoughts? +Growing up I was constantly told to be careful about buying a house with someone as if things go sour it complicates thing. Is it possible to purchase as a single person anymore , something for yourself? If so what kind of salary do you need to be earning? I was recently pre-approved for 300k, don't even know what to do with that as most apartments are more. + +&#x200B; + +Cheers all! +I posted a while back about my situation, things haven't improved. I am on a payment play with the IRS for substantial back taxes. I have $80k+ of student loans that is only getting bigger, even after paying minimums. Credit card is climbing higher every week, I put off logging into my online bank account as long as I can because I dread seeing what the CC amount is now at. + +To top it off my dog needed an expensive operation that I couldn't pay for and I got physically ill over the thought of starting a payment plan with a vet for it. We were able to re-home him with a sweet lady from a church and she is taking care of him and paying for his operation. So I lost my dog, which makes me chuckle a little thinking of how my life has become a stereotypical country song. + +I sold my fiances engagement ring for a lot less than I paid for it, but it barely helped. We fight all the time and she has made comments that show she is very resentful of me, with good reason I admit. No one should have their ring taken back and sold because their partner cant take care of his finances. + +I make about ~30k and I don't have the means or any idea of how to increase my salary. So tonight, after adding everything up and projecting to the future I have determined I will never get rid of this debt and will never live a financially successful life. That being said I do not blame anyone by myself. + +I truly envy the posts of people that talk about maxing out their 401k for the year, putting huge down payments on houses with the only struggle being should I buy a bigger house with a smaller down payment instead. + +Please teach your children, brothers/sisters, friends how to handle money. Don't make it a taboo subject, especially with your children. Let them help you pay bills, balance a check book, etc. Warn them of stories like mine, of ignorant, useless people who ruin their lives because they never took the time to understand how to handle money. + +**EDIT: I did not expect this post to get as much attention as it did. Thank you for all of your comments, even if I cannot respond to all of them please know that I am reading every single message in my inbox. I truly appreciate all of the advice, criticisms, tough love, personal stories that are being posted. I know my tone here is very defeatist. I will work to change my attitude and fix my situation using a lot of the great guidance I have received from this community** +A little big about me: + +I’m 30yrs old, 1 year married w/ no kids, and have a NW of roughly $5MM. I live in the SE USA and have hopped from tech company to tech company in sales and project management roles over the past decade. I have a degree in finance and have dabbled here and there with small residential and commercial real estate investments, and one angel investment in a tech company that has not yet failed or succeeded. + +My current net worth is a combination of inheritance, salary, and aggressive investments working out. I am extremely fortunate to even have an inheritance. I realize I got lucky, and it’s something I never lose sight of. I’ve worked hard for the salary portion, so there’s that. + +In addition to my salary, my stock portfolio generates me ~145k/yr and my wife has a salary of ~60k/yr. In the next 10-20yrs I stand to inherit an additional windfall of $5-$15MM (again, lucky) but there is no guarantee. As of now, we jointly spend ~$120/yr across necessities, vacation, mortgage etc. + +I hope this doesn’t come off the wrong way but I’m tired of working for someone else when I know I don’t depend on it. I’m tired of the quotas, performance tracking, presentations, travel, and weekly 1:1s with my manager. Even though the company I work for (San Francisco tech company) is inspiring with great benefits, I’m over reporting to someone else and being a cog in the wheel. I feel like I’m wasting my short time on this earth sitting behind a computer 40-50hrs per week when I could be experiencing and doing more with my family. + +The problem is, I don’t have a side gig or special talent (sad face) that would allow me to replace a portion of my current salary or the health benefits for me my family. I feel stuck knowing I won’t quit with nothing to supplement my salary but I’m ready as ever to no longer live on someone else’s agenda. + +Has anyone who is FI with a great job quit with nothing in sight? +# Overview + +\[[Youtube Interview with Jason Polun](https://www.youtube.com/watch?v=J5wOWxVD7Yc) \- DD breakdown Video\] + +This post has been a long time coming, but I am finally confident in my research enough to describe in complete detail my theory for how to detect when a short squeeze has been set up in the market, and how market makers tip us off to when these squeeze opportunities have presented themselves. This theory is a methodical, mathematical approach to determining when a stock is primed for a short/gamma squeeze. + +None of this is financial advice. I'm not a financial advisor. This strategy is based on unproven theories which I cannot definitively prove and are based entirely on speculation and observations that are subject to the accuracy or inaccuracy of the data sources, which is never guaranteed. Further, no trading strategy is ever perfect or guaranteed, so you should do your own DD and make your own financial decisions. I can't be held responsible for any losses you sustain as a result of the use or misuse of this strategy. Nevertheless, I wish you the best of luck in your trading future, and may tendies rain upon you all forevermore. + +# What you need + +This theory requires that you have access to paid [Ortex](https://www.ortex.com) data, and potentially an options screener such as [Unusual Whales](https://unusualwhales.com), or at least a live-updating options chain such as through WeBull, Fidelity Active Trader Pro, or Tradingview.com, because this method also highly relies on being able to read accurate, timely options data. + +# What are Short Exempts + +You should already be familiar with what [short selling](https://www.investopedia.com/terms/s/shortselling.asp) a stock is, but most traders are unfamiliar with what [Short Exempts](https://www.investopedia.com/terms/s/shortexempt.asp) are. + +Short Exempt is a short position taken that is exempt from typical [Regulation Short (REGSHO)](https://www.sec.gov/investor/pubs/regsho.htm) requirements, namely the "Locate Rule" and the "Uptick Rule." Feel free to read the [full REGSHO documents here](https://www.sec.gov/rules/final/34-50103.htm). (fair warning, it's long...) Short exempts are a tool exclusively reserved for market makers due to their special status and role in "making the market." + +The Locate requirement requires that "When taking a short position, the short seller must be reasonably confident that a share can be located to borrow before selling the stock short." This is to prevent [Naked Shorting](https://www.investopedia.com/terms/n/nakedshorting.asp), a term which we are all extremely familiar with by now. + +The [Uptick Rule](https://www.investopedia.com/terms/u/uptickrule.asp) goes into effect when a stock is placed on the short-sale circuit breaker list, known as "[Short Sale Restriction](https://www.investopedia.com/terms/s/shortsalerule.asp)" or SSR. The purpose of SSR is to prevent a "dog-piling" effect by making it more difficult for shorts to open a short position on a stock that is already in a significant downtrend. A stock goes on SSR whenever it falls below 10% from its previous day's closing price. Following this, the stock is placed on SSR for the remainder of the day, and for all of the next trading day. When this happens, shorts are only permitted to open a short position during an [uptick](https://www.investopedia.com/terms/u/uptick.asp). + +# How it is abused + +Here are two facts about short exempts that are particularly troubling... + +1. Market makers define their own rules regarding when, how, and why they are allowed to take a short exempt. They are not prevented from taking one at any time, and are only required to justify having taken the short exempt after the fact, but only during an audit or inquiry by the SEC... which rarely happens. Basically, they can do it whenever they want, and as long as they have an excuse for why they did, the SEC considers it "no harm done." +2. **As long as a market maker can justify taking the short exempt, they are exempt from all of the rules which apply to typical shorts.** Meaning, even if they take a short exempt because a stock is on SSR, they are also allowed to take the short without locating a share first... So basically, it's a license to take naked shorts, *as long as any criteria for a short exempt is met*. + +# Why is it abused? + +To understand this, you must understand a few things about options, such as [the options greeks](https://www.youtube.com/watch?v=GxmIvvROge4), and [short option/straddle strategies](https://www.fidelity.com/learning-center/investment-products/options/options-strategy-guide/short-straddle). + +Market makers have a vested interest in keeping stocks from making massive moves in either direction so that they can profit off their largest money-making strategy... selling calls and puts. Market makers often open short (selling) option positions in both directions to profit from volatility. Ideally, market makers will sell calls and puts in massive amounts, but they want the stock to close at the same price they opened the position at, as though the price never moved at all. This is because as long as volatility in the stock is high, but it doesn't move, the value of the option will decay rapidly over time due to Theta taking value away from the option as it approaches its expiration date. This strategy has been proven extremely profitable to hedge funds and market makers because they sell us dumb-money retail investors deep [out-the-money (OTM)](https://www.investopedia.com/terms/o/outofthemoney.asp) options for huge premiums because volatility on our favorite stocks is ridiculously high, but they have the ability to pin the price and keep the stock from moving, causing our options to expire worthless. + +How do I know this? Because Barclays and their fucking quants already figured out how to game the system to rip us off and profit from our delusional expectations. Here's their [report](https://www.docdroid.net/5gM68EW/barclays-us-equity-derivatives-strategy-impact-of-retail-options-trading-pdf#page=5) on how they do it, and if that pisses you off...good, you should be pissed, because they fucking cheat us every day out of our money... I digress... + +# But there is a catch + +Sometimes, market makers open up more options contracts than what they can reasonably deliver in either direction. The human psyche tends to gravitate towards positive things happening, which is a big reason why retail often bets towards bullish divergence in stock prices. As humans, we want good things to happen because it gives us a dopamine hit. For that reason, retail tends to buy more calls than puts. In some cases, there can actually be more call contracts open on a stock than the number of shares available to buy. How is that possible? Because of naked calls. + +[Naked calls](https://www.investopedia.com/terms/n/nakedcall.asp), as opposed to a [covered call](https://www.investopedia.com/terms/c/coveredcall.asp), is when you sell a call option without buying or owning 100 shares per contract of the underlying stock. This can be profitable when you do not wish to spend money on a stock that you believe is going to trade sideways or sell-off, and you can collect the premium as a credit immediately. However, your risk is significantly higher than with a covered call because if the naked call you sold runs [in-the-money (ITM)](https://www.investopedia.com/terms/i/inthemoney.asp), and the buyer of your call chooses to exercise their contract, you will be forced to purchase the stock at its current market price, whatever that is. So, if you sold a naked call for $5 strike expiring a month from now, and it squeezed to $20, then you would have to buy 100 shares at $20, and sell them to the counterparty for $5, a $15/share loss, or $1500 loss total. + +Market makers must do something called [Delta Hedging](https://www.investopedia.com/terms/d/deltahedging.asp), which means to buy the stock they sold calls for, when they see the stock price is threatening to go ITM. Rather than allowing the situation to happen where they would be forced to buy those shares at $20, they see the stock is going from $3 to $4.50, so they decide to purchase the shares at $4.50 to convert their naked calls to covered calls and "hedge" the position, allowing them to sell the shares at $5 for a $0.50 profit per share instead of a $15 loss. + +# But wait there's more + +Remember the short exempts? That's right, market makers have an incentive to not move the stock. So what do they do? + +They "[pin](https://www.investopedia.com/terms/p/pinningthestrike.asp)" the stock by rapidly shorting it during upward momentum to hold it at or near their ideal strike price to maximize their profit on the options they sold. The reverse is also true of massive put contracts, but doesn't happen as often as with calls due to the above psychology I cited. + +So now is where the short exempts come in. + +Remember when I talked about how market makers have that special short exempt tool, which is useful especially during SSR? So if a stock goes on SSR, market makers can use short exempts to continue shorting without locating the share and without regard to the uptick rule. Normally, this plays into their favor because they can use it to control the stock price and force it to stay at or below their ideal strike price for the most profit. But what if they lose control of it? Before we get to that, we need to learn a little bit about Failures To Deliver. + +# Failures to Deliver and how they help us draw a consistent trend line + +I covered this information in two more detailed DD posts [(part 1)](https://www.reddit.com/r/amcstock/comments/onndkr/possible_amc_rip_prediction_trend_analysis/) & [(part 2)](https://www.reddit.com/r/amcstock/comments/opq8wc/extremely_plausible_amc_rip_prediction_trend/) and in an [interview with Randall Cornet](https://www.youtube.com/watch?v=aYyM364k6rg&t=759s). Highly recommend those if this part interests you... + +Market makers are still subject to a few rules which they can delay, but cannot avoid completely. I'm referring specifically to [Failures-To-Deliver (FTDs)](https://www.investopedia.com/terms/f/failuretodeliver.asp). + +I've often referred to the T+35 settlement cycle (Date-of-Transaction + Trading days) in my previous DD posts, but most people don't know where this number comes from. It comes from RegSho... + +Brokers are given T+15 settlement days to deliver FTDs Market Makers are given T+6 settlement days to deliver FTDs The Clearing Houses are given T+14 settlement days to deliver on FTD's + +Altogether, this adds up to Brokers + Market Makers (T+21) + Clearing House FTD close-out cycles (T+35). + +There is a correlation between short exempts and FTDs because of one simple truth that market makers cannot avoid. **A short exempt that is taken without a locate is still a naked short and therefore an FTD**. For Market Makers, because FTDs must be closed out every T+6 cycle, lest they lose their ability to short the stock, they are forced to borrow more and more and more. As a result, short interest goes up and up and up; however, because they are borrowing shares to deliver as they continue taking more short exempts, the FTDs continue rising higher and higher. + +**Oh but it gets better...** A huge signal of high FTDs is when a stock goes on the Threshold Security List. The [Threshold Security List](https://www.theocc.com/Market-Data/Market-Data-Reports/Series-and-Trading-Data/Threshold-Securities-List) is a list of stocks that have 0.5% or more of its outstanding shares have failed-to-deliver for 5 consecutive days. Even better? **When a stock is on the Threshold list for 13 consecutive trading days or more (T+13), then entities with outstanding failures to deliver are subject to FORCED CLOSURE ON THEIR POSITIONS**. This means that the broker, SEC, or clearing firms (whichever is the next direct authority) can come into the entity's account and force the entity to buy-to-close the FTD positions to close them. This applies to ALL entities at ALL times and can be triggered at ANY time for ANY reason! So for this reason, spotting stocks on the threshold securities list with a lot of bullish sentiment automatically makes it an easy place to start picking potential squeeze candidates. + +**Back to the market makers dilemma** + +The main reason market makers must close out FTDs every T+6 is because after T+6, if they have outstanding FTDs, then they lose the ability to short the stock completely, which would cut into their profits massively because they could not continue performing market-making activities. So, rather than buying the shares and causing the price to move against them, market makers borrow a share from the pool and deliver it to whomever it is owed. Eventually, this effect gets out of control, and they are unable to borrow any more shares. So finally, left with no other alternative, they buy, buy, buy as fast as they can. + +As it happens though, I've noticed a trend specific to T+6 and short-exempt volume that indicates that short-exempts likely make up the bulk of failures-to-deliver on stocks on an intra-week basis. AMC is the perfect pattern example of it, beginning first in November through January. + +&#x200B; + +[$AMC December - January](https://preview.redd.it/e5zjg9l331m71.png?width=1273&format=png&auto=webp&s=37e9b307ea90b05bddf3e242c6c80aa2dc679be3) + +Here it is again in May-June for $AMC, except this time, what I believe we are seeing are multiple T+6 cycles overlapping indicating that *many* market makers are doing the same thing, and their T+6 cycles are beginning to overlap and cause FTDs to accumulate more rapidly. + +&#x200B; + +[$AMC April - June](https://preview.redd.it/lb3edsa631m71.png?width=1264&format=png&auto=webp&s=8675169a0f92c10d95a1e8f86346b0385ed36447) + +At the end of it, suddenly the FTDs almost disappear for a T+14/T+15 settlement cycle, and we see the price consistently start running like crazy up until we come to the end of that T+15 and the mother of all FTD spikes cause the price to skyrocket as shorts, exercised options, and naked shorts ALL fail to deliver, and I suspect either the brokers or the clearinghouses are forced to make deliveries. + +The problem with this is that FTDs aren't disclosed to us until the 1st and 15th of every month for the previous half of the month, which is slow as hell and near useless in terms of predicting these movements. + +# The Short Exempt signal theory + +So without having live FTD updates, we must find another trend that indicates when a high number of FTDs are going to appear. Well, thankfully FINRA has graced us with REGSHO daily [volume data](https://www.finra.org/finra-data/browse-catalog/short-sale-volume-data) and [daily files](https://www.finra.org/finra-data/browse-catalog/short-sale-volume-data/daily-short-sale-volume-files) which we can check every day an hour after the closing bell. + +If we assume correctly that a majority of short exempts taken on a given trading day are taken without locating a share, then we know that after T+6 days, these short exempts will be considered FTDs because of the "Fail to locate" violation, so as short exempts accumulate rapidly, market makers back themselves into a corner where inevitably buying the stock is their only escape. + +When this occurs, retail quickly catches wind of it, and we see people FOMO-ing into the stock and buying up a ton of calls. + +When THIS occurs, we see open interest rise rapidly on multiple strike prices of a given stock. Let's look at my current pick, $BBIG, which meets these criteria perfectly. + +Here's the ortex trend playing out with the FTDS... + +&#x200B; + +[BBIG FTD cycle March - Present](https://preview.redd.it/3fesbl6931m71.png?width=1730&format=png&auto=webp&s=e7c1d6a6c7242d3f397ca7bdadac2fe47094b2aa) + +And here's the short exempts from last week, which hit historic highs + +&#x200B; + +https://preview.redd.it/tkog6hfe31m71.png?width=1380&format=png&auto=webp&s=3461e8a7ab8bf71eeb1ac109c28d7ddbc02f9e31 + +What we can extrapolate from this data is that the short exempt volume, when it rises above roughly 3% of daily short volume **and** the price action remains bullish despite the heavy amount of shorts, it indicates that market makers are losing control of the stock price and are not able to pin it due to retail FOMO, the insanely high options interest, and options rapidly running ITM, forcing delta hedging to de-risk the market maker's positions, not to mention any short-sellers that may be in the process of buying-to-cover their short sales to avoid massive losses. + +All these factors combined result in many, many squeezes of astronomical proportions that short-squeezes alone could not reach. + +The beauty of this is that the data required to predict these moves is remarkably easy to obtain and understand, even for smooth-brained apes. The problem was finding the pattern, and now I am happy to present it to you all. + +# My Checklist for squeeze candidate stocks + +**Fundamental data you need** + +1. Market Capitalization (Yahoo Finance/Public) +2. Outstanding shares +3. Floating shares +4. Short Interest % of Free Float +5. Options Interest +6. Average Days on Loan +7. Utilization +8. Short Volume/Exempt data from FINRA + +**Have the following formulas so you can calculate some important data** + +* Average short position (cost\_price): Subtract average days on loan from the current date, and mark the closing price on that day. That's your average short's position. +* [Short-Sale Profit/Loss %](https://byjus.com/profit-and-loss-formula/) = (Current\_Price - Short\_position) / cost\_price x 100 +* Sum of shares ITM in call options (add up all ITM call Open Interest, and multiply by 100) +* `Call percentage of Float = ((sum_of_calls x 100) / free_float) x 100` (Calculate ITM and OTM separately, ITM is for determining momentum, OTM is for determining potential) +* Short exempt percentage of Short Volume: `(short_exempt / short_volume) x 100` +* Short Volume of Total Volume: `(short_volume / total_volume) x 100` +* Calculate simple moving average (SMA): `(sum_of_closing_prices / number_of_days)` + +**Ask the following questions. If most/all of them are "yes" then you might be onto something!** + +1. Is Utilization over 90%? +2. Is Short Interest (SI) extremely high (20%+)? +3. Cost to borrow above 100%? +4. Is a significant portion of the Call Options chain ITM? (10%+ of OI is ITM?) (20%!?) (50%?!?!?!?) (`call percentage of float formula`) +5. Are shorts down more than 100%+ on their position? (`short P&L formula`) +6. Are people talking about the stock? Does it have a lot of retail support? +7. Is the stock on the Threshold Securities List? Has it been on longer than 13 trading days? + +**The following are the Critical Signal Triggers. If these are all true, then a squeeze is imminent!** + +* Utilization is 95%+ +* Short Exempt volume is 3% or more for 3 consecutive days, or above 10 +* Simple moving average (SMA) is increasing at a rate of 5% daily for 3 consecutive days + +You can test this theory for yourself by checking historic data on Ortex on the following stocks: + +$GME December 15 - January 28 $AMC December 15 - January 28 $AMC May 15 - June 3 $SENS May 15 - June 4 $SPRT June 5 - Aug 30 + +# Stocks that have hit all three Critical Signal Triggers recently: + +**$BBIG** \- Triggered 8/20 & 9/01 + +I may update this as more plays pan out like this. + +# TL;DR + +If this was too long for you, but you like DD videos, check out the link at the top of this post. I did an interview with Jason Polun on YouTube to help explain this in the simplest terms. + +This is a method and mathematical approach to how you can spot and prove a short squeeze thesis. There's no way to TL;DR it sadly. If you want to learn, and you want to make money, then you must read and put in the work. There are no free lunches. Sorry. + +P.S. Just like all my other posts to WSB, this has been blocked by the mods, so I've put it here.Honestly, fuck WSB. I give up. + +P.P.S... They actually banned me now. + +&#x200B; + +Edit: Included YT interview links +As some might know, holding NEO will automatically generate GAS (check out www.neotogas.com). + +Also SHIFT is a coin that generates payouts after voting for delegates. +With these 2 coins im getting an estimate 100 usd per month for HODLing. + +I know that ARK has something similar but I was wondering what other coins do the same? + +Besides a full list of coins that can have payouts, the amount of dividend would also be very interesting. If your strategy is HODL this might be very usefull. + +Anyone with more info about this? +I have been doing some research and am trying to diversify my portfolio with lesser known / new alt coins. + +I just invested in one called DeepbrainChain and see potential growth in the near future. It will allow for more affordable artificial intelligence computations which at the moment are incredibly costly and ineffective. Hopefully it's solid we will see. + +What are your recommendations and why? +I currently want to do a DCA Plan and want to include additional coins to the ones I already have (BTC, ETH, ADA, MATIC, SOL, DOT, AVAX, ENJ, ALGO, SAND, LINK, ATOM) Which of these alt coins would be worth investing in until the next halving? + +* AAVE (AAVE) +* Near Protocol (NEAR) +* Immutable X (IMX) +* Quant (QNT) +* Apecoin (APE) +* Axie Infinity (AXS) +* Optimism (OP) +* Other +Inspiration: this post, maybe read it first. Please share it: +https://old.reddit.com/r/Superstonk/comments/njyi4t/gme_gateway_to_mankinds_evolution/ + +THESIS OR TL/DR: individual motivations for holding HIGH as FUCK are insufficient for maxing the potential good of the coming MOASS. If all you need is your lambos, your computers, your houses, your families and loved ones shit, it will NOT be enough to use the highest potential of what the moass can do for us. We need moass to a) drain swamp of corrupt 0.00001%'s, and to b) create millions of new non-corrupt "oligarchs" to steer this planet to true flourishing for all. We need STRONG and endgame visions of the common good, of what type of stuff we want to see from moass, to make the best use of this once-in-a-timeline event. + + +___________________________________________________________________________________________ + + +Holding GME for high, really high prices, is not just a matter of getting x extra lambos. It is a matter of making the MOASS happening, so as to bring further good to all. It has a negative function, in "draining the swamp" to an extent, as well as a positive one; to reinstate a new or at least broadened "ruling class" (for lack of a better word). We NEED people to become "new oligarchs" (for lack of a better word), those people who know what its like to have holes in the socks and who sleep in cars. + + + +Paperhanding at $10k, $50k or $1m would just make possible some couple of billions more of lambos, thats all. The GME event is likely the ONLY chance we have (short of very grand scale uprisings) to steer clear of upcoming matrix/madmax dystopias, and to instead secure a reformation for the good of all. TBh, I WOULD paperhand if it was just up to me, cause in all honestly, i dont need alot and neither does my family - cash beyond the bare necessiries would only corrupt our joy, tbh. But i WOULD DEFINATELY NOT paperhand, if it turns out all of this is not just about me and my family. We need to introduce bigscale motivations of societal transformation, I think this is VERY important to take the GME event to its potential bestcase. We want the MOASS ultimately for change and justice, to improve things, not just for quick gibs. Gibs are temporary, and tbh who cares, all we need is WoW and pizza (or whatever) anyways. Glory and justice, though, are forever. + + + +Be serious about that $20m floor. Yes, im uncomfortable as fuck with that kind of money, its ridiculous, and in all honesty i dont fucking want it. However, this is not about me, and it is not about you. It is about what this planet will be at in 10 years, or 30 years, or 50 years. These are very brief periods of time in the context of our planet, our home. Yet if we dont change this shit, it looks as if Shitadel-type of people will fuck everything up IN OUR LIFETIME. Your weapon, likely one of your ONLY weapons at that realistically, is to squeeze the venom out of the system. This is what it is, the tendies. All of the money that the MOASS will extract, are blood money that deeply corrupt fuckers have been drawing out of the hands of weak and innocent everyday joes, for decades. We need to finally draw it out, and give it back in ways that will benefit all. It is not Kens money, and especcially, it is not FEDs money. It belongs to all. Im no socialist, at all, despise that shit, but this 0.0001% rule BS will break the back of this planet in our lifetime if we dont do anything about it. Its only a matter of time before the likes of Bezos, Gates, Kens, and stuff, get private armies even in practice. Then we will have Myanmars everywhere. Shit needs to be drained before its too late. If you paper at $10k, $100k or some ridiculous shit like that, it could be that you actually take portions of this potential good away from ALL, just to secure your own shit. Sure, if you live in your car and have literally nothing, take what you need. But everyone must do their hardest to maximize the MOASS potential of completely reforming this planet. Im not joking. Because if you sit there, paperhanded at $1m, who gives a shit in the end. You have 100 lambos and a lifetime of WoW and pizza. But Bezos, Gates, and more importantly, all of these who we dont even know the names of, these crazy people will still in effect rule 100% of this shit. If you are an honest paperhander, you will have to tell your kids that the old Lambo in your garage, in 20 years, is what you have, INSTEAD of something that literally had the potential to completely redo the history of this planet. + + +I didnt start off like this, i just wanted some tendies. But i hereby state that im willing to risk everything; the lambos, the unlimited pizza toppings, noncare-lifestyle, for a shot at a REAL CHANGE. If you are too, then - and only then - you are an ape and a retard. If you are not willing to risk this, being brutally honest with you now, youre just a smaller Bezos or Gates. Because you thought it cool to risk the good of others for your own bling. + + + +If you dont have these kind of motivations (in principle) on the eve of the MOASS, you will grab the tendies and take them to the shadows, for yourself and perhaps a couple of loved ones. Smeaagol... +Again, im not trashtalking those really unfortunate ones who are literally holding GME for their life. Like that south-african woman who risked everything for one GME, or like the countless homeless people who are diamondhanding now. God bless all those of you. I am now talking about the majority; all of us who, in honesty, more or less, have only a relative degree of comfort to loose. Being an ape is now not just about yoloing money into an obviously good investment, being an ape is now diamondhanding this shit when it counts. Good luck. I have held since Jan. I didnt trust anyone of you then, actually, i never trusted any of you until just now. I will from now on, give you my trust. Because there is a chance for a new direction for literally ALL PEOPLE in this, and the only way to get it, is to trust each other. Dont feel ashamed when you sit there as new oligarchs, with literal billions on hand, as the baptism of blood that brought you there, holding through insane levels, was the test of your honesty and good will. FUCKING STICK TO THAT APE MENTALITY and use the tendies for good. If you dont know how, find one who does. Look literally just for people who you are sure, are not corrupt. When i see you, i will know who you are. If you are just an empty ghost with a lambo, or if you actually have a good heart and rectitude of will. Good luck. I will not fail. + + +Please take the time to read this post, that goes more into the positive case of what (practically) the MOASS can lead to. Also share the fuck outta it: +https://old.reddit.com/r/Superstonk/comments/njyi4t/gme_gateway_to_mankinds_evolution/ + + +------------------------------------------------------------------------------------------------------------------------------ + + +THESIS OR TL/DR: individual motivations for holding HIGH as FUCK are insufficient for maxing the potential good of the coming MOASS. If all you need is your lambos, your computers, your houses, your families and loved ones shit, it will NOT be enough to use the highest potential of what the moass can do for us. We need moass to a) drain swamp of corrupt 0.00001%'s, and to b) create millions of new non-corrupt "oligarchs" to steer this planet to true flourishing for all. We need STRONG and endgame visions of the common good, of what type of stuff we want to see from moass, to make the best use of this once-in-a-timeline event. +Inspiration: this post, maybe read it first. Please share it: +https://old.reddit.com/r/Superstonk/comments/njyi4t/gme_gateway_to_mankinds_evolution/ + +THESIS OR TL/DR: individual motivations for holding HIGH as FUCK are insufficient for maxing the potential good of the coming MOASS. If all you need is your lambos, your computers, your houses, your families and loved ones shit, it will NOT be enough to use the highest potential of what the moass can do for us. We need moass to a) drain swamp of corrupt 0.00001%'s, and to b) create millions of new non-corrupt "oligarchs" to steer this planet to true flourishing for all. We need STRONG and endgame visions of the common good, of what type of stuff we want to see from moass, to make the best use of this once-in-a-timeline event. + + +___________________________________________________________________________________________ + + +Holding GME for high, really high prices, is not just a matter of getting x extra lambos. It is a matter of making the MOASS happening, so as to bring further good to all. It has a negative function, in "draining the swamp" to an extent, as well as a positive one; to reinstate a new or at least broadened "ruling class" (for lack of a better word). We NEED people to become "new oligarchs" (for lack of a better word), those people who know what its like to have holes in the socks and who sleep in cars. + + + +Paperhanding at $10k, $50k or $1m would just make possible some couple of billions more of lambos, thats all. The GME event is likely the ONLY chance we have (short of very grand scale uprisings) to steer clear of upcoming matrix/madmax dystopias, and to instead secure a reformation for the good of all. TBh, I WOULD paperhand if it was just up to me, cause in all honestly, i dont need alot and neither does my family - cash beyond the bare necessiries would only corrupt our joy, tbh. But i WOULD DEFINATELY NOT paperhand, if it turns out all of this is not just about me and my family. We need to introduce bigscale motivations of societal transformation, I think this is VERY important to take the GME event to its potential bestcase. We want the MOASS ultimately for change and justice, to improve things, not just for quick gibs. Gibs are temporary, and tbh who cares, all we need is WoW and pizza (or whatever) anyways. Glory and justice, though, are forever. + + + +Be serious about that $20m floor. Yes, im uncomfortable as fuck with that kind of money, its ridiculous, and in all honesty i dont fucking want it. However, this is not about me, and it is not about you. It is about what this planet will be at in 10 years, or 30 years, or 50 years. These are very brief periods of time in the context of our planet, our home. Yet if we dont change this shit, it looks as if Shitadel-type of people will fuck everything up IN OUR LIFETIME. Your weapon, likely one of your ONLY weapons at that realistically, is to squeeze the venom out of the system. This is what it is, the tendies. All of the money that the MOASS will extract, are blood money that deeply corrupt fuckers have been drawing out of the hands of weak and innocent everyday joes, for decades. We need to finally draw it out, and give it back in ways that will benefit all. It is not Kens money, and especcially, it is not FEDs money. It belongs to all. Im no socialist, at all, despise that shit, but this 0.0001% rule BS will break the back of this planet in our lifetime if we dont do anything about it. Its only a matter of time before the likes of Bezos, Gates, Kens, and stuff, get private armies even in practice. Then we will have Myanmars everywhere. Shit needs to be drained before its too late. If you paper at $10k, $100k or some ridiculous shit like that, it could be that you actually take portions of this potential good away from ALL, just to secure your own shit. Sure, if you live in your car and have literally nothing, take what you need. But everyone must do their hardest to maximize the MOASS potential of completely reforming this planet. Im not joking. Because if you sit there, paperhanded at $1m, who gives a shit in the end. You have 100 lambos and a lifetime of WoW and pizza. But Bezos, Gates, and more importantly, all of these who we dont even know the names of, these crazy people will still in effect rule 100% of this shit. If you are an honest paperhander, you will have to tell your kids that the old Lambo in your garage, in 20 years, is what you have, INSTEAD of something that literally had the potential to completely redo the history of this planet. + + +I didnt start off like this, i just wanted some tendies. But i hereby state that im willing to risk everything; the lambos, the unlimited pizza toppings, noncare-lifestyle, for a shot at a REAL CHANGE. If you are too, then - and only then - you are an ape and a retard. If you are not willing to risk this, being brutally honest with you now, youre just a smaller Bezos or Gates. Because you thought it cool to risk the good of others for your own bling. + + + +If you dont have these kind of motivations (in principle) on the eve of the MOASS, you will grab the tendies and take them to the shadows, for yourself and perhaps a couple of loved ones. Smeaagol... +Again, im not trashtalking those really unfortunate ones who are literally holding GME for their life. Like that south-african woman who risked everything for one GME, or like the countless homeless people who are diamondhanding now. God bless all those of you. I am now talking about the majority; all of us who, in honesty, more or less, have only a relative degree of comfort to loose. Being an ape is now not just about yoloing money into an obviously good investment, being an ape is now diamondhanding this shit when it counts. Good luck. I have held since Jan. I didnt trust anyone of you then, actually, i never trusted any of you until just now. I will from now on, give you my trust. Because there is a chance for a new direction for literally ALL PEOPLE in this, and the only way to get it, is to trust each other. Dont feel ashamed when you sit there as new oligarchs, with literal billions on hand, as the baptism of blood that brought you there, holding through insane levels, was the test of your honesty and good will. FUCKING STICK TO THAT APE MENTALITY and use the tendies for good. If you dont know how, find one who does. Look literally just for people who you are sure, are not corrupt. When i see you, i will know who you are. If you are just an empty ghost with a lambo, or if you actually have a good heart and rectitude of will. Good luck. I will not fail. + + +Please take the time to read this post, that goes more into the positive case of what (practically) the MOASS can lead to. Also share the fuck outta it: +https://old.reddit.com/r/Superstonk/comments/njyi4t/gme_gateway_to_mankinds_evolution/ + + +------------------------------------------------------------------------------------------------------------------------------ + + +THESIS OR TL/DR: individual motivations for holding HIGH as FUCK are insufficient for maxing the potential good of the coming MOASS. If all you need is your lambos, your computers, your houses, your families and loved ones shit, it will NOT be enough to use the highest potential of what the moass can do for us. We need moass to a) drain swamp of corrupt 0.00001%'s, and to b) create millions of new non-corrupt "oligarchs" to steer this planet to true flourishing for all. We need STRONG and endgame visions of the common good, of what type of stuff we want to see from moass, to make the best use of this once-in-a-timeline event. +&#x200B; + +[What RC was really saying!](https://preview.redd.it/9ezbo2tpyyw71.png?width=312&format=png&auto=webp&s=6f44bb6fe17cf0140aa36dbd436e9a65a3978787) + +So, this theory makes the assumption that RCs cryptic MGGA tweet works on many levels/angles (as they do, right, when you're playing 4D Chess?) and one of those angle is that it's referring to a change from MAGA to MGGA. + +For the basis of this theory, we ignore the "Make Gmerica/Gamestop Great Again" acronym, not that it isn't true or fits, but that particular angle is just not relevant to this theory. + +# The thought process: + +1. We replace MAGA with MGGA +2. We are therefore replacing AMAZON with GAMESTOP/GMERICA +3. We choose AMAZON to be replaced because we understand AMAZON doesn't have the greatest following and there's noticeable negative sentiment about the company, probably more than the other existing members of the MAGA group. (Big bully, Hedge fund Boss. Monopoly) and APPL has a huge passionate army of followers, just like GME, so it's likely that will be harder to top. +4. Those MAGA companies are all S&P 500 companies. 🗠 +5. Even though GameStop has the Market Capital to be included in the S&P500 it can't be included yet because it has to show it makes a profit. 🤯 +6. October 31st was the last day of Q3 +7. Gamestop doesn't publish earning 'til the earning call in about a month from now. +8. RCs management accounts team will have a pretty good idea even before the end of the month if they are going to be profitable, especially if they exceeded the target (ie. they HIT profitability in Mid-October!) +9. He waited 'til the end of the Q3 to post a clue - that's the clue leading us to the fact this ALSO a hint at the earnings result. +10. Apes, we're profitable! +11. APES, we're FUCKING profitable! +12. **P R O F I T A B L E** + + TLDR: Hedgies'R'Fuk + +Obligatory: 🦍🦍🦍🦍🦍🦍🦍🚀🚀🚀🚀🌕 +I have been in graduate school for 7 years, and I am finally finishing this semester. My entire time in graduate school has been free (tuition waived) and I've been earning a stipend, which is enough to live on, but just barely. For most of my time in grad school, I was debt free, but lately life has been getting more expensive (e.g. car repairs, insurance, travel, doctors visits, suit for job interview, etc.), and I have (perhaps irresponsibly) put a lot of this on credit. It's about $4000 at ~21% interest. I have no savings. + +I have about $20k in student debt left over from my undergraduate studies. All payment on these loans is deferred until I finish grad school. + +I'm wondering if it's possible to take out a new student loan in the last semester of my graduate career to pay off my credit card debt at a lower interest rate. I have a relatively good-paying job lined up after graduation, so I am confident I can pay this off, but for the next few months it would be a huge relief to stop paying these credit card bills. It would also be nice to free up some of my credit limit for any emergency expenses that might come up before I graduate. + +I haven't had to take any loans as a graduate student, so I'm not even sure what the process is, or if it's legal to get a student loan for non-educational expenses. + +EDIT: Thanks for all the comments! Not sure why everyone's so concerned about bankruptcy. I mean, I suppose anything can happen, but it seems pretty unlikely at the moment. I'm just looking for the most efficient way to pay off these debts. + + +TL:DR – I think the Housing market is in a bubble, which could trigger calamity when home values are no longer worth the inflated loans taken out to purchase them, which will begin to poison the Mortgage-Backed Securities they are packaged in causing further balance sheet woes for those trying to keep Marge from calling. + +Evening r/Superstonk, Jellyfish with you following up on the [housing bubble post from earlier](https://www.reddit.com/r/Superstonk/comments/o6ie6p/a_deep_dive_into_the_housing_data_released/)—I have additional data from the [US Census Bureau](https://www.census.gov/construction/nrs/index.html) [today](https://www.census.gov/construction/nrs/pdf/newressales.pdf) that I believe bolsters the case. + +[MOAR data!](https://preview.redd.it/8crkshwat4771.png?width=962&format=png&auto=webp&s=b0a4a6c1253c51f0811bb8d7b51c2cde0736e678) + +Despite supply increasing for months, **single-family home sales by homebuilders to the public in May fell 6% from the prior month to a seasonally adjusted annual rate of 769,000 houses, down 23% from the recent high in January**. This steep decline in sales occurred amid rising prices. + +[I'm definitely rustled...](https://preview.redd.it/213g9buet4771.jpg?width=600&format=pjpg&auto=webp&s=1cd35bd8804e2c751d2d9251f5db32a2c4a1b2c6) + +This is eerily similar to what [I covered in existing home sales earlier](https://www.reddit.com/r/Superstonk/comments/o6ie6p/a_deep_dive_into_the_housing_data_released/)—existing inventory is moving slower as new housing comes online, yet sales dropped for the fourth month in a row, yet reaching historic highs in median price. Shit is whacked y’all! + +The drop in sales of new homes in the past months brought sales back to about pre-pandemic levels: + +[ https:\/\/fred.stlouisfed.org\/series\/HSN1F](https://preview.redd.it/5gn5zovot4771.png?width=1463&format=png&auto=webp&s=68172a54e3ae1eff860fe85408a6d07dde776d0f) + +# On the other end of our equation, inventory really is rising! + +Unsold speculative houses rose for the fifth month in a row to 330,000 houses and months’ supply rose to 5.1 months. + +New single-family homes completed since Jan 2021 : 1,328,000+1,347,000+1,497,000+1,426,000+1,368,000 = 6,966,000 homes + +New single-family homes sold since Jan 2021 : 993,000 +823,000+886,000+817,000+ 769,000 = 4,288,000 homes + +Supply is up +2,678,000 homes in 2021 so far. + +[ https:\/\/fred.stlouisfed.org\/series\/HNFSEPUSSA](https://preview.redd.it/pvfre22mu4771.png?width=1457&format=png&auto=webp&s=24026cb5a0a188ac9d46c8054af06a5797d643ec) + +Just how existing homes median prices spiked 24% year-over-year, **the median price of new single-family houses rose 2.5% from the previous month, and spiked 18.1% year-over-year, to a record $374,400**: + +[ https:\/\/fred.stlouisfed.org\/series\/MSPNHSUS](https://preview.redd.it/rdu474gpu4771.png?width=1458&format=png&auto=webp&s=2f5cdbeb54cec16f76e92cc97a3bb9b68d0b878e) + +These new homes are sold by homebuilders and purchased by Joe Q. Public. This is different than the existing home sales I covered earlier where Joe Q. haggles with Jane Doe for way over asking price on a literal dump. + +I think this dynamic is more dangerous, since the FED brrrrr is making it rain like James Harden in the club, and with folks getting approved for higher amounts and choosing to use the entire amount they are approved for, with builders more than eager to accommodate them! + +Sales of homes over $500,000 accounted for 24% of total sales in May and April. Homes selling for over $400,000 accounted for 45% of total sales. Prices are way up while sales are slowing but the people who are buying are going BIG. + +Picking up with the previous post: + +With the conditions of the housing market above, I believe we are entering ‘textbook’ bubble territory. + +[ Source: https:\/\/www.investopedia.com\/terms\/h\/housing\_bubble.asp ](https://preview.redd.it/2wj6oh3zu4771.png?width=794&format=png&auto=webp&s=eefbbdaea864f035ac93d523b46a350c745bc24f) + +Ok, as we covered above, demand had been through the roof, but the supply is back on the rise and current stock is taking longer to move. At the same time, demand for new mortgages is decreasing as the supply continues to hold and increase—but prices continue to go up! + +[uh-oh...](https://preview.redd.it/q79xm9n5v4771.png?width=884&format=png&auto=webp&s=0877dda6d36c0b59d8a9056eec83fa036e580b4b) + +But what about delinquency rates? This can be a source to the supply... + +[ https:\/\/www.mba.org\/2021-press-releases\/may\/mortgage-delinquencies-decrease-in-the-first-quarter-of-2021](https://preview.redd.it/70ng3nt8v4771.png?width=1111&format=png&auto=webp&s=90d1c36d66707dbed8695944901794dc3abc7715) + +>On a year-over-year basis, total mortgage delinquencies increased for all loans outstanding. The delinquency rate increased by 141 basis points for conventional loans, increased 498 basis points for FHA loans, and increased 297 basis points for VA loans.The delinquency rate includes loans that are at least one payment past due but does not include loans in the process of foreclosure. The percentage of loans on which foreclosure actions were started in the first quarter rose by 1 basis point to 0.04 percent. The percentage of loans in the foreclosure process at the end of the first quarter was 0.54 percent, down 2 basis points from the fourth quarter of 2020 and 19 basis points from one year ago. This is the lowest foreclosure inventory rate since the first quarter of 1982.The seriously delinquent rate, the percentage of loans that are 90 days or more past due or in the process of foreclosure, was 4.70 percent. It decreased by 33 basis points from last quarter and increased by 303 basis points from last year. From the previous quarter, the seriously delinquent rate decreased 34 basis points for conventional loans, decreased 19 basis points for FHA loans, and decreased 37 basis points for VA loans. Compared to a year ago, the seriously delinquent rate increased by 205 basis points for conventional loans, increased 771 basis points for FHA loans, and increased 379 basis points for VA loans. + +**Then there are those still in or coming out of forbearance with the likely expiration and non-renewal of these Covid rules at the end of the month:** + +[The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 2 basis points from 4.18% of servicers' portfolio volume in the prior week to 4.16% as of May 30, 2021. According to MBA's estimate, 2.1 million homeowners are in forbearance plans.](https://www.mba.org/2021-press-releases/june/share-of-mortgage-loans-in-forbearance-slightly-decreases-to-416-percent) + +[Forbearance details](https://preview.redd.it/f43d39gcv4771.png?width=1169&format=png&auto=webp&s=81c185d9b1a2d5f82921c20d3fb569e8aef5381e) + +While it is great to see people come out of forbearance, if I am reading the numbers correctly, more than half of folks coming out are still going to have amounts that still need to be paid back on top of the normal monthly payment. Budgets are already stretched tight, [wage growth is decreasing](https://www.atlantafed.org/chcs/wage-growth-tracker), and inflation is making everything else [more expensive](https://www.reddit.com/r/Superstonk/comments/o59uyb/no_inflation_my_waffle_house_has_had_to_print_new/h2lnk5e/?context=3). + +If these mortgages begin to fail, you can bet that it will have an impact on the Mortgage-Backed Security (MBS) it was packaged into. Enough of that begins to happen, and the balance sheets that were already trying to fight inflation are now caught in a two-front war with inflation and decreasing MBS values. Throw in the fact the Fed is kicking around the idea of tapering MBS purchases (who this dog shit would get offloaded to) and the problem begins to compound! + +Tick-Tock... +Imagine being the chairman of a publicly traded company and having the Federal Reserve and all of their friends (media, analysts, etc.) constantly refer to your company as a "meme". + +Am I the only one outraged by this? + +I don't think so, I imagine RC and probably everyone who works for or is a shareholder of GME (or other "meme" stocks) is pretty FED-up with this moniker. + + Blaming "meme" stocks and retail investors for the recklessness of Wall St. and the complete lack of oversight from the SEC is the epitome of all that is wrong with the world today. The irony is palpable. + + In my opinion, RCs latest tweet is a perfect clap back to the FED report by saying "fuck you" without saying "fuck you". + +All I have to say to anyone who thinks that a company that has replaced the board, hired 250 tech minded individuals from other top notch companies, payed off its debt, raised 1.7 billion in cash, and is rumoured to be working with Loopring to open one of the first NFT marketplaces is a "meme" stock well then..... MEME ME UP, SCOTTY!!!!!!!!!! +I got a RemindMe notification of some comments I made arguing with someone about how GameStop was going to do really well and how it was going to reach a far higher fair value than people were suggesting at the time. This was during the beginning of the GME's first run up when GME was just at $40 or so + +&#x200B; + +Here's the first thread link: [https://www.reddit.com/r/stocks/comments/l3gcxi/comment/gkfz7b8/?context=3](https://www.reddit.com/r/stocks/comments/l3gcxi/comment/gkfz7b8/?context=3) + +https://preview.redd.it/jpw9xs2r1gd71.jpg?width=1080&format=pjpg&auto=webp&s=df6b51aea5f18499b7648b67d433a008d88e9e4f + +https://preview.redd.it/no8igqwr1gd71.jpg?width=1080&format=pjpg&auto=webp&s=25cef25f1ced203d1eda025c5a4d01da43c959b0 + +Here's the second thread link: [https://www.reddit.com/r/stocks/comments/l40vvz/comment/gkmbvdl/?context=3](https://www.reddit.com/r/stocks/comments/l40vvz/comment/gkmbvdl/?context=3) + +&#x200B; + +https://preview.redd.it/6x8mfudw1gd71.jpg?width=1080&format=pjpg&auto=webp&s=6b47aad4c1474f68a00157f87d67a159f148dbeb + +https://preview.redd.it/qhcdii0x1gd71.jpg?width=1080&format=pjpg&auto=webp&s=e42a85e6b6430f72ff9106d06a4c4a7e2e2bffe2 + +https://preview.redd.it/wxp9gtnz1gd71.jpg?width=1080&format=pjpg&auto=webp&s=e15ec19c7f81a9c3e476dbcee74f3fd6ae40c282 + +Keep in mind that my comments here were based on the information at the time, which suggested that GameStop should have a fair value stock price lower than I think it should now. If I were to give a different price target for GameStop post-squeeze, I would now say that GameStop is worth at least $500 a share, and I am sure it will accrue more value as RC implements his strategy and continues to grow the company. + +Back then all the shills were saying that GME was worth no more than $20. And here we are, and GameStop has maintained strong floors at 150, 160, and now is establishing higher floors still. And these prices are HIGHLY suppressed. + +People will continue to egregiously disvalue GameStop in an effort to scare people away. Don't listen. Short-squeeze aside, GameStop is a strong fundamental value company that should be evaluated much higher than it is currently +Recession will end around mid 2024. Then, Elon will dump again. If the recession ends quicker, he will dump sooner. + +Every bubble eventually bursts. + +It's not a matter of IF he will dump, it's a matter of WHEN. + + +https://www.forbes.com/sites/nicholasreimann/2022/12/22/musk-promises-not-to-sell-more-tesla-stock-but-hes-broken-vow-before/?sh=5da98b1a5266 + +Tesla CEO Elon Musk said Thursday he does not plan to sell any more shares of Tesla for at least the next two years, after the billionaire and nascent Twitter owner offloaded nearly $3.6 billion worth of stock this week as Tesla's share price tumbled. + +Musk said during a Twitter Spaces audio call he will stop offloading Tesla stock after selling nearly $40 billion worth of it in the past year. + +Tesla's share price dropped nearly 9% Thursday to close at $125.35, as investors grow increasingly concerned about demand for the company’s electric vehicles and leery of the massive amount of time Musk is devoting to running Twitter. + +The drop put Tesla nearly 70% of its all-time high in January, when the stock at its peak traded above $400 and Tesla's market capitalization swelled to $1.2 trillion—pushing Musk’s net worth, which is mostly made up of Tesla shares, above $300 billion. +All I see in this subreddit is people saying "don't use TA, only use price action". But what in the world is price action? + +Best I can gather is you put your finger in the air and try to see which way the wind blows. + +Anyone got any idea what price action is and any proof that it actually works beside pure luck? +Hi all, + +Both wife and I are coming into well paying new grad jobs, and although things are fine, we are spending wayyy too much money on things we shouldn't be. Just because amazon purchases of $50-100, starbucks all the time, always spending money doing "things" on the weekend when there are plenty of alternatives that don't require money. We both have ADD/ADHD and are finding it extremely difficult to be mindful of this issue. I take the lead on finances in the household and I'm really struggling here. + +Does anyone have any advice to offer? I really don't know what to do beyond try harder to record transactions, follow our "rules", and maybe set up auto reminders to ourselves? We keep saying we are going to do better and we never do? Anyone have any wisdom to share... + +***Edit 1: Thank You!*** *Wow. Yall are awesome. I will absolutely try to write back to as many of you as I can when possible. Thank you all so much for your time, encouragement, and suggestions. I truly appreciate it so much. All of these comments will be extremely valuable to my wife and I to say the least. They give us hope! Maybe I'll make a list with the best ideas for all of our use due to the visibility this is getting. Thanks again everyone!* + +***Edit 2: Regarding ADD & Financial Discipline.*** *Just to be clear, I have tried many things to get my habitual and mindless spending under control and yet I fail every time. I don't want to make excuses, but, it's a fact of life at random times my extremely debilitating ADHD & GAD will end any discipline and willpower I have. What does this mean? At times, I can't even muster up the strength to pay a bill I know is due, keep up with personal hygiene, or do anything not "easy enough" in the moment, yet, somehow professionally, I'm still a successful (enough) IT Project Manager. That's why only very select habits/methods work for me across different areas of life. I usually find most effective: complete routine changes (think cash vs debit), simple enough to manage preplanned habits (think 30 mins or less 1 specific day of week), or visual cues (to trigger mindfulness). Please don't make excuses for me, but please try to be understanding as well.* +It feels like I’ve been saving for a car for years. I initially started working at 17 (21 now) and could never save enough for a car because of bills, school expenses, food etc because where I live it’s considered lower cost of living (which is not that true) so minimum wage is still 7.25. My first job was a fast food restaurant and I would walk miles to and from work to save money but my neighborhood isn’t that safe anymore and even then I constantly got harassed more times than I can count. I had to start using cabs and Lyfts to work and at one point I was spending more than I made at a hardware store because of short hours with more days yet was fired for being late too many times because Lyfts would either cancel on me or arrive late. Now im training at a pretty high paying job but since I started on the end of the pay week and it’s biweekly, I won’t have a check until the middle of next month. I got a loan for cab fare and I scheduled last night ahead of time to be picked up an hour early, although the job is 16 minutes away, just in case. They came an hour late and I still had to pay partial cab fare. It’s so embarrassing and frustrating being a hardworking person but having to depend on others for transportation, because even used cars are too expensive and people are unreliable in general. I honestly don’t know what to do if I get fired because of attendance and I feel hopeless + +Edit: A blessing in disguise happened because they decided to just let me come back with the next orientation class on the 31st. I am supposed to get a small fasfa refund for this semester so hopefully it’ll come by then. Thank you all for the encouragement and advice +This was just nuts: + +"These people, they're involved at the Fed, they're involved at the World Bank, they're involved in all of this. This is what my friends amorphously refer to as 'the Cabal'" + +"I know who some of them are I think, but I can't prove that in a court of law. I know it exists. It's a group of super elites and super wealthy people that control a lot of the world's economy. I don't know how big they are who they are necessarily, but I know they're involved in this." + +Apes are fighting the Cabal. Buy, HODL, vote. +Quarterly GAAP net loss was $62 million, or ($0.09) per diluted share, <- LOL + +with quarterly non-GAAP net income of $82 million, or $0.11 + +For the second quarter, Twitter expects: + +Adjusted EBITDA to be between $95 million and $115 million; + +Adjusted EBITDA margin to be between 21% and 21.5%; +and +Stock-based compensation to be between $115 million and $125 million. + +Additionally, for the full year 2017, Twitter expects: + +Total non-GAAP expenses to be flat to down 5%, compared to full year 2016; + +Stock-based compensation to be down 20% to 25%, compared to full year 2016; + +and Capital expenditures to be between $300 million and $400 million. + +______ + +One year ago it was trading at $17.75 w $0.15 Non-GAAP EPS for the quarter. Today it's trading at $16 w $0.12 Non-GAAP EPS. +when selling cash secured put, what is your exit plan for winning and losing trades? + +assuming to close the trades early and not looking for assignment. + +e.g +Profit target: exit at 50% of premium; +Loss target: exit at 200% of premium +Is there an easy way to figure out if its worth it to buy back a put or covered call option or let it expire worthless when it's already up 90% at the beginning of the week after a 30+ day theta decay? For example, I have WISH 7.5 covered calls that are now trading at 0.025 and 91%. Does it usually make more sense to buy it back and use the capital or the stocks themselves on backing a new theta play or to let it expire and go again after the weekend? + +Not sure if there's a specific strategy in these scenarios or if every situation is different. +I sold some CC's and CSP's last week that expired last Friday (Nov 19). The stock did what I wanted and neither the calls or puts expired in the money and I thought if I let them expire I should receive 100% of the premium. I checked my account this morning though and my account balance hasn't changed. The contracts are gone from my open positions list, but it looks like I didn't get the money... Did I screw up and lose all the premium by not buying to close? +I’m asking this question because I don’t have a solid plan for myself. I’m thinking that if I own cash secured puts that I could short the stocks before options market open in case it goes for a free fall? Or is it better instead to get assigned and hold stock hoping markets recover like they do 95% of the time? Or purchase VIX calls on open? +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/xxh13d) 🎃🐦 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +How important is it to have the right people around you? + +When it comes to financial success, I wonder what you all think. + +Speaking from my own personal experiences, I remember I did a lot better in high school when I started hanging around with the smart kids than I was playing football or hanging around with "loser friends". Even when it comes to work, I feel that working for the right company with the right values and people is so crucial for career success. And online I think being a part of the /AusFinance and PropertyChat community it's great to be able to bounce ideas around and engage with people with different perspectives. I think without this community I would be financially less literate. +Hello all, + +I am interested to find out how you would approach the following situation given the certain circumstances I am currently faced with. I recently lost my front tooth, for the second time in a year, and temporary solutions are becoming more and more pointless. The dentist has told me that I will need a denture, and eventually an implant. + + \- Denture will cost between $1000-$1500 (this will need to happen by next week I assume) + + \- Implant will cost between $6000-$7000 (this could happen in a few months time or years depending on the success of the denture) + +Let us assume worst case scenario $7.5k for the above and additional $1000 for x rays and consultation etc fo $8.5k + +I have roughly $6k cash savings at time of writing, although I like having that buffer for emergencies and I pay most of my bills annually and there is definitely a few big ones coming up (rates, car insurance etc). I also do not have any extras cover so luck on that front. + +Would you + +a) Just pay with cash + +b) Get a credit card, with the aim of trying to maximise air mile rewards (I do not currently have a credit card) + +c) Other methods I have not considered that you may be aware of. + +Interested to hear your responses :) +I read this sub every day and the whole time I have been reading I never see any advice or discussions about anything that deviates from the flowchart. Is there anything more creative we could potentially be doing as an alternative? +Note: I’m talking about “trustworthy” national companies like Safestyle, Wren Kitchens etc. I have bought from these companies in the past and the product/service has been fine so I’m not talking about “cowboy” companies. However, they both kept dropping the price and threatening it being a today-only deal. I just want to be armed for next time. + +I am soon to buy a new house and I need to know roughly how much a conservatory would cost but they all vary wildly based upon the company and how much the buyer haggled. (Obviously size is a factor) + +Similarly, the house may need a new kitchen and some companies just keep dropping their price. + +Finding it hard to budget as initial quotes are crazy high and I’m not in a position to buy just yet as I haven’t bought the house! + +TIA! +This proposal would prevent after-tax dollars from being rolled over from Traditional to Roth IRAs. It would also disallow rolling after-tax non-Roth 401(k) contributions into a Roth IRA. + +http://blogs.wsj.com/totalreturn/2015/02/02/obama-would-block-strategies-to-pump-up-roth-iras/ +Hi all, + +In this post I will try to summarize all the positive (and negative) aspects of Citius Pharmaceuticals (Nasdaq:CTXR). Its not meant as an extensive DD, I would like to bring the stock on your radar and list the most important facts. Disclosure: I am personally invested. + +Positive aspects: + +\-Mino-Lok, the lead product should receive a DMC announcement this Q, the CEO said it will happen until the end of June. 100% success rate in the first and second trial. 1.5b market in the US - no competitors. Saves costs tremendously and is saving people from a catheter-related bloodstream infections (CRBSIs), this is lethal in up to 25% of the cases. New drug application planned for Q42021 - Citius already has a fast track process with the FDA. That means after 6 months they will get the approval, the plan is to start generating revenue in 2022. + +\-Halo-Lido, formulation against hemorrhoids, has demonstrated safety and efficacy, phase 2b will start in Q32021. Multi-billion market. + +\-Other drugs are in preclinical development. + +\-The chairman and CEO invested over 26m of their own money. Both have an incredible experience (incredible is an understatement). See below. Mr. Mazur, the chairman also said he was "all in Citius shares". + +&#x200B; + +https://preview.redd.it/eikyre6gf9271.png?width=721&format=png&auto=webp&s=ae4ef35ead9b76851e0102c00795fc873eeb8fe5 + +https://preview.redd.it/kgz1iynhf9271.png?width=753&format=png&auto=webp&s=3b462fb6ca1c3b1df72f1d47ae6e8f3219014ee7 + +\- Cash until 2023, dilution is not a concern. All the future trials are competely funded until 2023. The chairman said that they don't want to do further dilutions. No debt. + +\- Russel2000 inclusion is very likely. Blackrock and Vanguard already bought over 9m shares in the last Q. On the 4th of June a preliminary list will be released, CTXR should be on there aswell. Citius fulfills all the parameters (insider ownership, volume and market cap). Roughly 900b dollars are affected by the Russel2000 index, I expect further strong buying pressure. + +\- Analyst price targets are 4 and 8 dollars (suggesting massive upside). + +\- The executive team is regularly at conferences and has good PR every other week. They recently won the best poster award at a conference with 350+ of the biggest pharma firms in the world. (Thats not because the intern threw together some nice looking slides, its because the quality of their research is so excellent). + +\- Still a extremely low market cap of 300m Given the fact that a market of 1.5b (only in america, global market is much higher) is reachable without competition is outstanding (only talking about Mino-Lok here). They also have high profit margins since the patent (which they have until 2035 - worldwide) only has 3 basic ingredients. + +Now that sounds quite good eh? + +The main risks are: + +\- No FDA approval which would make another offering inevitable, Citius has no revenue as of today, further offerings would be inevitable (after 2023). + +So thank you for reading all of this. I hope you have a good sunday. + +\- + +:)Did you really think this was everything? I hate to break it, but I lied big time. + +There is this company called Novellus therapeutics. They and Factor bioscience are founded by the same two guys, Christopher Rhode and Matthew Angel. So Novellus is focusing on MRNA technology and recently licensed a gene editing platform to (BTX) Brooklyn Immunotherapeutics. After that announcement they went from $5 to $70 (1400%), not bad? In that process they got quickly bought out, LOL. + +Now, what has that to do with Citius? + +To understand the whole picture I need to tell you something. Leonard Mazur, the Chairman and biggest holder of Citius Pharmaceuticals is also a significant shareholder in Novellus therapeutics. The same company that made BTX go parabolic. They have countless patents and their technology is 100% the future. I am unable to understand it in detail but look for yourself: [News - Novellus Therapeutics (novellustx.com)](https://novellustx.com/news/) + +Now the cool part is that Citius licensed over 25 patents in a licensing agreement from citius. They received patents for the same MRNA technology, including Novel Induced-Mesenchymal Stem Cells (i-MSCs). They can be used to treat Acute respiratory distress syndrome (ARDS), a big portion of all ICU patients get this. Its now more present than ever due to covid. The solution and knowledge they've licensed has shown efficiacy and superiority in preclinical studies. They will do everything to do clinical studies as soon as possible. The market potential is unbelievably big and worth tens of millions of dollars - if not more. Oh yea, the poster I mentioned, it was about Novellus' MRNA technology. Citius presented it and it won against all the big pharma companies, you find it [here](https://d1io3yog0oux5.cloudfront.net/citiuspharma/files/pages/citiuspharma/db/244/post_event_details/ISCT+poster+2021.pdf). + +So to summarize, Mr. Mazur owns Novellus and is a significant shareholder. They licensed MRNA technology to a company that quickly got bought out and went up massively. Now to my knowledge he is not a shareholder of BTX. He's only invested in Citius. Given the fact that he literally also owns Novellus partially, the licensed technology must have an extreme potential, yet is completely ignored and only few even know about this connection. + +Citius Pharmaceuticals recently had a proxy voting to increase the 210m authorized shares to up to 410m. The vote did not pass and they adjourned the meeting to end of june. On friday the CEO, Mr. Holubiak filed a letter to all shareholders with the sec. [Here](https://www.sec.gov/Archives/edgar/data/1506251/000121390021029958/0001213900-21-029958-index.htm). If you closely read the letter you can see him basically begging for the additional 200m shares and that they "urge" everyone to vote and even change their vote. In the next sentence he says that acquisitions or investments are possible. + +I really don't want to be speculative here, but think about what happened to BTX and compare it to the pressure that the management is implying here. It makes me wonder if something big is in the bushes. They have enough cash and the chairman said multiple times that a dilution won't come. + +In my opinion this company is severely underpriced and undiscovered, even if we only account for the Mino-Lok solution. Given the fact that they have such a excellent pipeline, perfect management team and 97m cash - its a very reasonable investment and the risk/reward is great. + +&#x200B; + +[The technicals look excellent, we're in a triangle pattern and soon to break out. Multiple moving averages are bullish and the MACD ist just starting to go green again.](https://preview.redd.it/99h4p6yif9271.png?width=1470&format=png&auto=webp&s=e9a0cdcd2c06b0f17f2275de3bfba308b2cfe58d) + +If you'd like to look further into the company, (I would, there are many things I did not mention) - start with this summary of DD: [Link](https://www.reddit.com/r/CTXR/comments/mqomgw/are_you_new_read_this_first_important_base_info/) + +I hope you liked this short writeup and wish you a good sunday! + +Traderi +Hey guys, I just published this article about [cost of living in the UK](https://www.moneynest.co.uk/cost-of-living-uk/), but wanted to share a short-and sweet version here. + + +I took data from Numbeo and Land Registry crunched it in Excel and ran it through Google Data Studio (charts not shown here for simplicity) to produce the following insights: + + +**Which city is the cheapest to live in?** + +|City|Cost of living (individual)|Cost of living (couple)| +|:-|:-|:-| +|Hull|£706.81|£1,437.75| +|Belfast|£819.20|£1,523.79| +|Sheffield|£829.00|£1,552.47| + +*Lowest cost of living measured by average monthly spend (crowdsourced via Numbeo)* + +&#x200B; + +As you might expect cities in the North and Midlands rank far higher than most southern cities. + +&#x200B; + +**Which city offers the highest amount of disposable income?** + +|City|Disposable income (individual)|Disposable income (couple)| +|:-|:-|:-| +|Derby|£1,287.04|£2,705.29| +|Reading|£1,168.48|£2,604.38| +|Coventry|£1,115.90|£2,481.14| + +*Based on average salary minus average rent and average monthly outgoings (crowdsourced via Numbeo)* + +&#x200B; + +What happened to Hull!? Suddenly the map is less dominated by the Northern & Midlands as the Southern cities such as Reading, Southampton and Bristol swing into battle with salaries high enough to offset the higher cost of living. + + + + +**Which city takes the shortest time to save for a deposit?** + +|City|Time required to save for a deposit (individual)|Time required to save for a deposit (couple)| +|:-|:-|:-| +|Derby|8 months|3 months| +|Aberdeen|10 months|5 months| +|Coventry|11 months|4 months| + +*Based on an average salary (via Numbeo) and cost of apartment (via Land Registry Index).* + +&#x200B; + +Guess whose back! The North, Midland and Scottish cities charge back once again with house prices so tantalising low the higher salaries ‘down south’ can’t compete. Could an interesting strategy be to save up in a town like Reading when you’re young and then move to a cheaper city ‘up north’ to purchase your first home? + +&#x200B; + +A few other interesting stats pulled from the post: +Between 1997 - 2017: + +* Wages increased: 19% +* Rents increased: 38% +* House prices increased: 173% +* Home ownership for 25-34yr olds fell 36% from 55% to 35% + + +Hope that provides some useful info! + + +# Fellow tards and mod-tards. This is the most boring post you will never read. + +We are now entering a potentially dangerous phase for WSB. I won't repeat or cover all the various reasons why people are looking at this sub, nor what they are saying. + +The goal must be to ensure we don't tank this sub, and tank our tendies. + +Its pretty simple: people who are used to making the rules and making money of the ignorance of others are on the wrong side of the trade, and they don't like it, and they won't take it laying down. + +👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀 + +They have extremely deep pockets and can throw insane amounts of money lobbying, getting talking heads on tv or lawyering up, if they haven't already. The narrative is pretty clear: WSB is acting like a mob; they are distorting the market; this isn't allowed. + +We are playing into their hands somewhat. We are helping fuel their arguments. If you don't want to lose this sub, here's what you can do + +🌕🌝🌔🌓🌛🌒🌗🌘🌑🌖🌙 + +**1. Don't do dumb shit that will allow people to make legitimate complaints. Simple examples:** + +a. Doxxing or harrassing people e.g. Citron or Melvin Capital. + +b. Trying to get people to buy particular shares of one stock in a concerted effort e.g. "Lets all buy 10-100 shares of GME at 1000 EST." + +c. Publicly representing that we are in any way an organised, singular entity. + +**2. Don't give Reddit a reason to shut this down.** + +a. Chances of the SEC investigating WSB based on complaints are reasonably high; actually taking action though, the chance is v small in my view. For one, it would be hard to show intent and prove who was doing what to the price. Regulators only like to take on slam dunk cases - they dont have enough resources or political capital to waste on potentially losing hands. The exception is if there is a big public interest in doing so...this is another reason to observe point 1 above. This is not to say they won't give Reddit a call to say "we think you need to sort out A,B,C” but this is v different from an enforcement action. + +b. **Focusing on what the SEC might do misses the point. The threshold for a company disowning a small part of itself, to protect the whole, is very small. Reddit has 330M users. WSB has 2M. You do the math.** + +Never mind trying to work out how much revenue Reddit makes from people who produce our quality of meme. + +c. Any company who is aware that part of its users are breaking the law, or potentially breaking the law, will not hesitate to cut off the gangrene thumb. No one is going to go in for bat for us for some ideals or whatever. They are worried about bringing attention to the company as a whole, getting regulated, or civil or criminal exposure - as they should be - this is just normal and good governance. + +💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎 + +**3. Follow the rules for the sub. There are four elements here.** + +a. Mods needs to tighten the rules to make it clear which conduct is not acceptable. I recommend including a small banner on each thread that states something like "WSB does not tolerate any market manipulation or other breaches of law and those who do so will be instantly permabanned." This can be hyperlink link to the rules or even SEC website. + +b. But then - and this is important - the rules **must** be enforced. Whenever you have a compliance program in place, a regulator wants to see the compliance program was reasonable to achieve its required outcome e.g. Not breaking the law and that **it was enforced in fact**. If you have rules that are not enforced its almost worse than having no rules. + +c. For us users, **don't break the rules**. Simples. + +d. And if you see other users breaking the rules, report it. Sounds like some Gestapo shit but at the end of the day, you either like this sub and want to protect it or you are going to miss the Tendieman. We have to collectively weed out shittiness and the mods are not going to be able to do this on their own - they are simply to retarded ;-) + +**4. Think about a serious plan B platform if this does get shut down.** + +Can't be Reddit - if the powers that be decide we are done, just calling it saulbeatwets or mallmeatnets won't fool them for long. + +**5. Think about putting some tendie money aside to kick in for the mother of all lawsuits.** + +If this does go south, we should consider kickstarting a fund to hire the same type of white shoe law firms these dudes hire and get our guys to point out every known act of manipulation and let the SEC decide who the real problem is. This is how you really fight back and win. + +**6. While I have your attention - can we please try not to take out fellow retards here.** + +Its a big bad world and I can watch my own six and yep everyone needs to learn the hard way. But I don't think we should be out here bitching about Melvin etc while we are trying to shaft each other. If you see this shit, call it out and we'll gather our pitchforks. + +In return, **newbies please f$#@ing read some shit on here before you ask the same question ad nauseum** (the answer is the same anyway: "No, its defo not too late to FOMO everything you or your tribe owns into an extremely volatile YOLO play and there is no way this can go tits up.” + + 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +**TL:DR: They are coming for this sub. Don't make it easy for them; follow the rules and mods enforce them.** + +Positions: GME to Melvin's uranus + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Looking to set up 3 differnet quarterly paying Dividends so I'll receive a payment monthly + +Was looking at + +Att NYSE:T (Feb, May, Aug, Nov) + +Coca Cola KO (April, July, Oct, Dec) + +Anyone have any sub $50 recommendations for the last slot? (Jan, Mar, June, Sept) +# Introduction: + +Welcome to my analysis of AFLAC Incorporated, an amarican insurance agency with a focus on Japan, and a long time dividend growth policy. + +Full disclosure i am invested in this company, and intend to continue investing in the foreseeable future. + + AFLAC Incorporated (NYSE: AFL) Sector: Financials (Insurance) + +# Company Strengths & Risks: + +Aflac Incorporated (the Parent Company) was incorporated in 1973 under the laws of the state of Georgia. The Parent Company and its subsidiaries (collectively, the Company) provide financial protection to more than 50 million people worldwide. The Company’s principal business is supplemental health and life insurance products with the goal to provide customers the best value in supplemental insurance products in the United States (U.S.) and Japan. When a policyholder or insured gets sick or hurt, the Company pays cash benefits fairly and promptly for eligible claims,directly to the insured (unless assigned otherwise). For more than sixty years, the Company’s supplemental insurance policies have given policyholders the opportunity to focus on recovery, not financial stress + +**Strengths:** - Highly regulated field reduces new competition, Enduring competitive advantages have enabled it to capture 25% of the Japanese insurance market, Low payout ratio permits dividend increases well into the future, a longstanding commitment to returning capital to shareholders via dividends and share buybacks + +**Risks:** - High exposure to the Japanese Market and currency fluctuations, Stagnating revenue in the past 5 years, Complex regulatory environment means the company is exposed to political risks and cap potential profits, Exposed to covid and other significant disasters, particularly those that affect the global capital markets + +# Financial History and numbers + +AFL: Numbers from their latest [10-Q form](https://d18rn0p25nwr6d.cloudfront.net/CIK-0000004977/eb9f291c-e00b-4b97-b965-bea90d65bf1f.pdf) and Yahoo finance and [Seeking Alpha](https://seekingalpha.com/symbol/AFL) + +Stock | AFL | +:------------- | :----------: | +Stock price | $45.18 | +Current Annual Payout/Share | $1.33 | +P/E Ratio | 7.1 | +Yield | 2.94% | +10 Yr Div Growth Rate | 6.99% | + Yr Div Growth Rate | 8.78% | +1 Yr Div Growth Rate | 7.34% | +Years Of Growth | 38 | +Current Payout Ratio | 20% | +Free Cash Flow / Share | $8.03 | +Revenue | $21 837 Million | +Tangible Book Value per share | $46.16 | + +The vast majority of the book value of AFL is composed of investments and cash, most of which are Fixed Maturity securities available for sale. In other words, the tangible book value is effectively cash and cash equivalents, which means that even if the company were to shut down tomorrow, investors in AFL who buy it today will be buying 46 USD for 45 USD. + +I cannot stress how important this is in evaluating the value of AFL, this company is trading below its Net Current Asset Value, **the market is valuing this company less than the cash that the company has in the bank** after paying its whole liabilities. This makes it a fantastic value play, even beyond its dividend play. + +This doesn't make much sense, since this is a profitable company, and one that has become increasingly profitable as time has passed + +| Year | Diluted EPS | +| :------------- | :----------: | +| 2015 | $2.93| +| 2016 | $3.21 | +| 2017 | $5.77 | +| 2018 | $3.77 | +| 2019 | $4.43 | +| TTM | $6.36 | + +The EPS have been increasing Year over year, though the decrease from 2017 to 2018 may seem concerning at first, when we look deeper we can see that that was the result of normal economic cycles. On a Normalized Diluted EPS we actually see an increase in earnings from 2017 to 2018 from $3.15 to $3.21. + + +The payout ratio too has remained stable at under 30% since 2015, despite regular increases of dividends throughout. The 5 year yield on cost is now 4.67%. + +# The Drawbacks + +AFLAC is very much exposed to the Japanese market, and this is the primary cause of the undervaluation in my view. People are concerned with the long term demographic trends of japan, and for a company that gets around 70% of its income in Japan, this is seen as a major problem. + +That being said, i think the danger in regards to the long term demographics is overblown, japan is a wealthy country, and although its population is decreasing, it is doing so in a stable manner, and in a way that their GDP per capita is now increasing. This aging population might actually be a benefit to AFLAC, since insurance to older clients tends to have higher profit margins, and the increased need for health insurance will allow greater profit margins. + +The main danger that i see isn't the demographic issue, but the exposure to the Yen itself. Currency fluctuations are the primary cause of a disparity in earnings on a year over year basis, and the resulting conservative stance in terms of dividends. + +This combined with a difficulty in coping with the regulatory requirements of Yen denominated securities in order to fulfill capital requirements, means that in a low or negative interest rate environment there is significant difficulties in acquiring investments that can provide ongoing income. This is concerning, though a recent alleviation on the Japanese regulatory requirements have provided a lot of breathing room. + +# Conclusion + +I'm Long. I'm buying shares, and selling cash covered puts. + +Its a very solid company in a boring industry that has proven its ability and willingness to provide value to shareholders. Its drawbacks and risks are concerning, but given the current value of the enterprise and the asking price in the market its a no brainer for me. + +Good companies in boring industries selling below their NCAV with a long history of dividend growth are ideal for dividend investors, and AFLAC is a prime example of one such company. + +Thanks for reading, and if you have a different view, or concerns about any potential risks or drawbacks that i might have missed, please let me know in the comments. +I have $5000 sitting in my savings. I am a hard working single mother with two jobs. I’ve recently come into the stock and crypto word with investments and of course as any beginner, I’ve made a lot of mistakes. I think my only promising stock right now is Apple, which I own 11 shares, but you can imagine my disappointment when I only received $2.40 as my first dividend. + +I like Reddit for the honesty and obvious sarcasm people have here. + +So I’m just wondering. What are some stocks you would recommend? I of course will Do my own research with each stock, but I don’t really have a lot of ideas given my “noobie” experience. + +Thanks for your time! +Can someone please explain the seemingly incessant drumbeat of articles from the mainstream media predicting a Fed pivot? + +The Fed’s dual mandate are for US price stability and maximum employment. Right now, CPI and PCE inflation are through the roof, and employment is still strong. + +If the Fed pivots, the risk is that severe inflation will become even more entrenched, permanently destroying buying power, and an entire class of people will be unable to own real estate. +I realized about a year ago that I'm an idiot when it comes to stocks (and lots of other things), and rather than invest in random individual companies, I'd just start putting my money into SPY. + +I guess I lucked out, because I would've lost even more money in recent months if I'd stuck to my old strategy, but my SPY shares are still down a few grand. + +I'm an idiot when it comes to taxes too, but is there any reason I shouldn't sell my SPY shares, take the capital loss, and move the money into VOO instead? What would be the pros/cons of such a move? + +EDIT: Just to clarify, I'm not looking to buy high, sell low. If I were to sell, it would ONLY be to move the money into VOO and take the capital loss. +Guess it’s bad news for emergency funds; will it have the required impact? + +UK interest rates cut in emergency move https://www.bbc.co.uk/news/business-51831004 +Does anybody else Day Trade for the hope of leaving the 9-5 schedule?? I trade because mentally I can’t do a 9-5…. I get anxious & wanna keep doing things I enjoy. +[https://www.teletrader.com/boe-s-bailey-gilt-market-volatility-unprecedented/news/details/58744463?internal=1](https://www.teletrader.com/boe-s-bailey-gilt-market-volatility-unprecedented/news/details/58744463?internal=1) + +"Bank of England Governor Andrew Bailey stated on Tuesday that the market volatility for long-dated United Kingdom government bonds is unprecedented and that it surpassed levels the central bank uses in stress tests. + +The BoE has seen a "serious crystallization of financial stability risk" in recent weeks, he said during an event organized by the Institute of International Finance (IIF) in Washington DC. + +There are "structural flaws" with pension funds' hedging strategies, he noted, warning the funds they have "three days left" to rebalance as the BoE will end its bond-buying scheme on October 14." + +And what do markets? AND WHY.... +[https:\/\/ycharts.com\/indicators\/us\_loans\_to\_depository\_institutions\_\_primary\_credit ](https://preview.redd.it/aro6grx2jas91.png?width=1310&format=png&auto=webp&s=8fed654fa1d82c557f773d8cf30a8f719a6e3943) + +Good evening r/superstonk! Neighborhood jellyfish here and I would like to discuss , ['Primary Credit'--the principal safety valve for ensuring adequate liquidity in the banking system](https://www.frbdiscountwindow.org/pages/general-information/primary-and-secondary-lending-programs) that has banks borrowing cash from [the Fed at 3.25%](https://www.frbdiscountwindow.org/) to the tune of [$7.511 billion this week](https://www.federalreserve.gov/releases/h41/20221006/) a [change of 16.09% from last week and 1.14K% from one year ago](https://ycharts.com/indicators/us_loans_to_depository_institutions__primary_credit). + +# Overview + +>Federal Reserve lending to depository institutions (the “discount window”) plays an important role **in supporting the liquidity and stability of the banking system** and the effective implementation of monetary policy. By providing ready access to funding, **the discount window helps depository institutions manage their liquidity risks efficiently and avoid actions that have negative consequences for their customers, such as withdrawing credit during times of market stress.** Thus, the discount window supports the smooth flow of credit to households and businesses. Providing liquidity in this way is one of the original purposes of the Federal Reserve System and other central banks around the world. +> +>The ["Primary Credit"](https://www.frbdiscountwindow.org/pages/general-information/primary-and-secondary-lending-programs) program is the principal safety valve for ensuring adequate liquidity in the banking system. Primary credit is priced relative to the FOMC’s target range for the federal funds rate and **is normally granted on a “no-questions-asked,” minimally administered basis. There are no restrictions on borrowers’ use of primary credit.** + +[https:\/\/www.frbdiscountwindow.org\/Pages\/General-Information\/Primary-and-Secondary-Lending-Programs.aspx ](https://preview.redd.it/pygdmq1klas91.png?width=1186&format=png&auto=webp&s=c05f15316b2e62b91ffc37959ddb81fa2fed1e2e) + +[Here are some examples of common borrowing situations](https://www.frbdiscountwindow.org/Pages/General-Information/Primary-and-Secondary-Lending-Programs.aspx): + +* Tight money markets or undue market volatility +* Preventing an overnight overdraft +* Meeting a need for funding, including a short-term liquidity demand that may arise from unexpected deposit withdrawals or a spike in loan demand + +>The [introduction of the primary credit program in 2003](http://www.federalreserve.gov/boarddocs/press/monetary/2003/20030106/default.htm) marked a fundamental shift - from administration to pricing - in the Federal Reserve's approach to discount window lending. Notably, **eligible depository institutions may obtain primary credit without exhausting or even seeking funds from alternative sources. Minimal administration of and restrictions on the use of primary credit makes it a reliable funding source. Being prepared to borrow primary credit enhances an institution's liquidity.** + +# Why is this so interesting? + +A lot of banks have a ton of cash right now! We see this with the current reserves at $3.306 Trillion + +[https:\/\/ycharts.com\/indicators\/us\_total\_reserves ](https://preview.redd.it/xhjccqjomas91.png?width=1248&format=png&auto=webp&s=b58f9a89f40d225b9ca0c6a75107aaef6938fd51) + +What are reserves? They are when the banks put cash on deposit at the Fed and the Fed pays them interest--currently 3.15%. + +So back to Primary Credit, I wonder which institution(s) are seeking **“no-questions-asked” "no restrictions on borrowers’ use of primary credit."** to the tune of [$7.511 billion this week](https://www.federalreserve.gov/releases/h41/20221006/) a [change of 16.09% from last week and 1.14K% from one year ago](https://ycharts.com/indicators/us_loans_to_depository_institutions__primary_credit)? + +Thanks for dropping by and I hope you have a wonderful rest of your evening, an awesome Friday, and even better weekend! +As an experiment I invested $1000 with Betterment in July 2014. Other than a few weeks in 2015 they earned negative returns. Until now returns just creeped above $1000. Does this prove their robo investment strategy is flawed? Or should I keep the money in there to see what happens? + +http://imgur.com/a/SI9vm + +Edit: In July 2014 I was working a lot and had a flush bank account and no time and didn't really know what to do with the money that was just sitting there. So I put money in a couple things: Bitcoin, lendingclub, apple and google stock, and betterment. +I was curious to see what would happen with the betterment investment because the way I understood their marketing was that you give them money and they take it from there with special robo investing science. I didn't do any maintenance or further reading on any of the investments or even try to make them work better. +Everything else I put money in from 2014 has made positive gains except Betterment. + +Edit: It was not clear that auto-investing $100 a month would negate the fees. Here is an email from Betterment in July 2014 explaining how $3 a month fees is a great deal but not explaining that if I auto-invested $100 a month I wouldn't be charged that. + +http://imgur.com/a/xgQ3b + +Hi guys I’m 23 years old and married. I am buying my first house and had a question. I have the money for 20% down. Should I do this or should I invest the money in my retirement and only put 3.5% down? It will up my monthly payments by about 300 dollars. In the long term putting the money in retirement would make more over the house. But the higher mortgage payment makes me worry more. What are your thoughts? Some more info below + +Income- 90k (will drop in 3 years because wife will stop working. Will probably be around 70-80k then) + +20% down mortgage payment - 1300 +3.5% down mortgage- 1600 + +I’m an accountant + +The house is $292,955 + +Edit: mathematically speaking if I put 3.5-5% down and invest it in retirement it would net me over 600k more in retirement. The loan would cost me 75k more or so to not do the 20%. Seems like a no brainer? +Just curious about what the apes think about the housing market? I work for a high end ($1m+) general contractor and I think you'd have to be brain dead to build or buy right now. + + +Housing is through the roof because money is cheap, but if you think there were TP and gas shortages, try to buy land right now. Then check insulation prices. Then check lumber. Then check literally everything else. You're 30% over the 10yr average for same home. + + +Why are homes flying off the shelf when they shouldn't be? Talk to anyone you know in construction, we are over balls deep in work and we can't sustain demand. Housing is in a state of emergency and when this bitch corrects itself it'll reverberate like it's 2008. + + +GME is/was cool and all, but US housing is about to remind the world what real movement looks like. + +Edit: not saying we're repeating 2008, just that in 08' the US housing market swong a golf club at the world's ballsack/markets and we're winding up again. Maybe this time we'll use a lead pipe or a baseball bat, who knows. Won't be 2x4 though because they're too expensive. +Today I bring you my latest DD on: + +Plus Therapeutics Inc.NASDAQ: $PSTV + +Before I go too in-depth on the company, which based on their corporate profile have potential to go up a ton in the long term (I discuss this later on in the post), I want to show you what some analysts are saying. + +&#x200B; + +https://preview.redd.it/zmllgmzxiog61.png?width=2561&format=png&auto=webp&s=26a9e44fb9844602dd9a8f06bdc60fad676b3c46 + +Price target of $7.00 + +Two analysts give it an average $7.00 price target representing a 130.26% upside, which doesn’t sound as AMAZING as a 2,000% increase, but here’s the kicker. + +***One of the analysts who rated $PSTV is the #4 analyst worldwide with a 74% win percentage, and has a five-star analyst rating.*** + +&#x200B; + +https://preview.redd.it/86eoqmeziog61.png?width=1878&format=png&auto=webp&s=ba507c01e8dfa594ec8d9ce19f2e32117636aa63 + +Analyst Jason McCarthy, ranked #4 of 7,291 analysts + +If you guys want me to do a technical analysis of the chart please let me know in the comments; that being said, I’m seeing a lot of bullish patterns. + +**Plus Therapeutics: The SparkNotes** + +$PSTV is a NASDAQ-traded, clinical-stage pharmaceutical company based in Austin, Texas. + +Their mission is to become the world’s leader in developing better and safer nanoscale oncology drugs to improve survival and quality of life for both pediatric and adult patients. + +They have 3 clinical-stage oncology drugs in development. + +Their lead drug is a novel radio-liposome called RNL™ that is currently in clinical development for recurrent brain cancer and currently funded by the National Cancer Institute. + +Their pre-clinical pipeline includes drugs for other cancers such as leptomeningeal carcinomatosis, peritoneal carcinomatosis, head and neck cancer, and others. + +Their drug development capability is unique and based on our technology and expertise in nanoscale drug design, manufacturing, and our capabilities in radiotherapeutic and chemotherapeutic delivery. + +Their drug development model seeks to be highly capital efficient through a virtual development model, low overhead, and leverage of non-dilutive capital whenever feasible. + +**So, who’s on their team / board? Well, if you have a look, you can see it’s pretty solid.** + +&#x200B; + +https://preview.redd.it/rnwxolf0jog61.png?width=2268&format=png&auto=webp&s=9892cbf9c9cb513a04343fb33e5a0f88aa8fffcd + +CEO has prev. experience with Cytori & StemSource + +&#x200B; + +https://preview.redd.it/btk4ofh1jog61.png?width=2213&format=png&auto=webp&s=d270e458c2bb94243a8a319115d7d4a4508f4541 + +CFO was Partner at Mazars (Billion Dollar Accounting Group) + +&#x200B; + +https://preview.redd.it/nrbu91e2jog61.png?width=2242&format=png&auto=webp&s=2a445bd5040c22a3a371dcb9f53b7ec109111326 + +VP w/ 24 years of exp. + +&#x200B; + +https://preview.redd.it/4eusddc3jog61.png?width=2259&format=png&auto=webp&s=0a5be48c38a75ef51659ddc2ac15ddf701941572 + +Richard J. Hawkins is on their board of directors. + +**Now, let’s talk about their staple product.** + +It’s called RNL™ and it’s a novel liposomal radiotherapeutic; lead indication is recurrent glioblastoma (rGBM). With an additional preclinical development ongoing in head and neck cancer, peritoneal carcinomatosis, leptomeningeal carcinomatosis, and others. + +&#x200B; + +https://preview.redd.it/8xk8kod4jog61.png?width=980&format=png&auto=webp&s=8bae34b6f090e83224076649f17d4b71ade7ae75 + +Rhenium-labeled nanoliposomes (RNL) intracranially administered by convection-enhanced delivery (CED) using cannulas specifically designed for use in the brain. + +But here’s the kicker: the expected market for such a product? *I’ll let you read it straight from their value proposition:* + +&#x200B; + +https://preview.redd.it/twnur6g5jog61.png?width=356&format=png&auto=webp&s=a483fc8a213796751577790515b9fc3bece88d4c + +$500M+ Serviceable Obtainable Market + +The companies current market cap is under 20M, so if they capture their serviceable obtainable market, the stock could jump well over 2,000%. + +Now, this stock will be a very long term play if you’re looking for a 2,000% gain. However, even in the short term, this thing will likely pop based on news as they inch closer to FDA approval on their flagship product. + +To add some icing on the cake, they have two other cancer-fighting products in their pipeline that will surely boost the stock along the way. + +**FULL DISCLOSURE: I DO HOLD A POSITION IN $PSTV - I AM ONLY POSTING DD ON IT FOR YOU ALL TO SEE THE POTENTIAL UPSIDE IN THESE STOCKS - THIS IS NOT A "PUMP AND DUMP" - THIS IS NOT FINANCIAL ADVICE - PLEASE DO YOUR OWN DUE DILIGENCE BEFORE PURCHASING ANY STOCKS - I HAVE NO AFFILIATION WITH ANY OF THE COMPANIES I POST ABOUT** +Whether you’re already invested or not in the company but you’re interested in finding out more information, I have compiled facts, questions, links, conclusions and estimates in this post to bring factual information among investors. + +We are entering Q2 2021 which brings an important catalyst for this company. There is going to be a lot of hype, misinformation, and a lot of desperate people. This post is aimed towards investors who are discovering Citius Pharmaceuticals for the first time and want an unbiased deep dive into the company, so opinions and speculation are going to be kept at a minimum. For transparency’s sake, I own 1700 shares of CTXR. + +*I am not a financial advisor, this post is made for educational purposes only. Literally. Don’t take my word for anything that is presented in this post, do your own research, and invest solely based on the thesis that you create for yourself. Don’t get influenced by anyone.* + +**What is Citius Pharmaceuticals?** + +With a name derived from the latin olympic motto “Citius, Altius, Fortius” (Faster, Higher, Stronger), Citius Pharmaceuticals (NASDAQ: CTXR) is a specialty pharmaceutical company dedicated to the development and commercialization of important new drug products for growing markets. [Overview here.](https://www.citiuspharma.com/overview-citius-pharmaceuticals/) + +**What do they do?** + +Citius Pharmaceuticals is currently advancing four proprietary product candidates: Mino-Lok®, CITI-002 (“Halo-Lido” - halobetasol-lidocaine formulation), CITI-101 (Mino-Wrap) and CITI-401 (i-MSC) to treat Acute Respiratory Distress Syndrome (ARDS). Citius is developing therapies for unmet medical needs with cost-effective products in high growth categories with low developmental risk. + +&#x200B; + +https://preview.redd.it/pegrf6nhdfq61.png?width=1253&format=png&auto=webp&s=aa747871e093094a0070f2b312386902725e436b + +&#x200B; + +**Who is in charge?** + +[Leonard Mazur](https://www.bloomberg.com/profile/person/16411097) (Chairman of the Board) was the Chairman of Leonard Meron Biosciences, Inc. prior to its merger with Citius in March 2016. He is the cofounder and Vice Chairman of Akrimax Pharmaceuticals, LLC, a privately held pharmaceutical company specializing in producing cardiovascular and general pharmaceutical products. Akrimax was founded in Sep. 2008 and has successfully launched prescription drugs while acquiring drugs form major pharmaceutical companies. Mr. Mazur also co-founded and served as the Chief Operating Officer of Triax Pharmaceuticals LLC, a specialty pharmaceutical company producing prescription dermatological drugs. From 1995 to 2005 he was the founder and CEO of Genesis Pharmaceuticals, Inc. . In 2003, Mr. Mazur successfully sold Genesis to Pierre Fabre, a leading pharmaceutical company. + +[Myron Holubiak](https://www.bloomberg.com/profile/person/1852651) (President and Chief Executive Officer, Director) was co-founder, director and CEO of Leonard Meron Biosciences, Inc., prior to the 2016 merger with Citius. Mr. Holubiak was the President of Roche Laboratories, Inc., a major research-based pharmaceutical company, from Dec. 1998 to Aug. 2001. Prior to that, he held sales and marketing positions at Roche during his 19-year tenure there. As President of Roche, Mr. Holubiak helped transform Roche Labs into a leading antibiotic and biotechnology company. + +[Jaime Bartushak](https://www.bloomberg.com/profile/person/19762046) (Chief Financial Officer) is an experienced finance professional for early stage pharmaceutical companies, and has over 20 years of corporate finance, business development, restructuring, and strategic planning experience. Most recently, in 2014, Mr. Bartushak helped lead the sale of PreCision Dermatology, Inc. to Valeant Pharmaceuticals International, Inc. Mr. Bartushak is also one of the founders of Leonard-Meron Biosciences, and was instrumental in its start-up, as well as obtaining initial investment capital. + +[Dr. Myron S. Czuczman](https://www.bloomberg.com/profile/person/21870322) (Chief Medical Officer and EVP) is an experienced physician-scientist, academic oncologist and pharma executive with decades of experience in the strategic design, implementation, and oversight in the global development of novel therapeutics for hematologic malignancies. Dr. Czuczman joins Citius from Celgene where he was Vice President, Global Clinical Research and Development, Therapeutic Area Head of Lymphoma/CLL. In this role, Dr. Czuczman managed a global team of physicians and scientists responsible for cross-functional development of compounds from proof-of-principle to worldwide registration. + +[Citius overview on their leadership.](https://www.citiuspharma.com/overview-citius-pharmaceuticals/leadership) + +&#x200B; + +**How is it going for them?** + +Mino-Lok is an antibiotic lock solution used to treat patients with catheter-related bloodstream infections (CRBSIs). Mino-Lok product is intended to salvage the CVC (central venous catheter), obviating the need to remove and replace the catheter. This is a recognized unmet medical need. The drug is currently in Phase 3 clinical studies with an independent DMC (Data Monitoring Committee) interim efficacy review coming late-April/early-May. Mino-Lok has proven 100% efficacy rate in both Phase 1 and [Phase 2](https://www.citiuspharma.com/mino-lok/phase-3-mino-lok/) trials. + +&#x200B; + +https://preview.redd.it/574uku0jdfq61.jpg?width=640&format=pjpg&auto=webp&s=23ae0cbc989f8e513956112915b244d73032d494 + +&#x200B; + +&#x200B; + +[Halo-Lido](https://www.citiuspharma.com/halo-lido) is being developed as a proprietary topical formulation of halobetasol and lidocaine to provide anti-inflammatory and anesthetic relief to persons suffering from hemorrhoids. Although there are numerous prescription and over-the-counter (OTC) products commonly used to treat hemorrhoids, none currently possess safety and efficacy data generated from rigorously-conducted clinical trials. Citius believes its halobetasol-lidocaine product will become an important treatment option for physicians who want to provide their patients with a therapy that has demonstrated safety and efficacy in treating hemorrhoids. Phase 2b trial will begin in Q3 2021. + +&#x200B; + +https://preview.redd.it/zwppok0kdfq61.png?width=1253&format=png&auto=webp&s=a2d411c714fcb228b359820912709cfa630ee855 + +&#x200B; + +[Mino-Wrap](https://drug-dev.com/mino-wrap-to-be-developed-through-an-ind-process/) is a novel approach to reducing post-operative infections associated with surgical implants. Mino-Wrap is a liquefying gel-based wrap containing minocycline and rifampin for reducing tissue expander (TE) infections following breast reconstructive surgeries. It is a laminate film comprised of porcine gelatin plasticized with glycerol. Mino-Wrap also contains the antibiotics minocycline and rifampin to reduce bacterial bio-burden on implantable devices preventing colonization over a sustained period of time. The current standard of care (SOC) can be improved upon and infection rates reduced, according to Citius Pharmaceuticals. The drug is currently in pre-clinical development. + +&#x200B; + +https://preview.redd.it/jkbjwkukdfq61.jpg?width=1007&format=pjpg&auto=webp&s=26203791e397d92d0618f034b642c508e3b585a6 + +&#x200B; + +i-MSC, or CITI-401 is being developed to treat ARDS as a cause of COVID-19. It is currently in pre-clinical stages and the IND (Investigational New Drug) application is expected, according to Citius, in the first or second quarter of 2022. + +&#x200B; + +https://preview.redd.it/lwcu1ivldfq61.jpg?width=1507&format=pjpg&auto=webp&s=7ce69f6895ff8fd8d9505cc448986f09d3c5a92e + +&#x200B; + +**What is the major catalyst as of April 2021?** + +Mino-Lok, the antibiotic lock solution to salvage CVC’s demonstrated in past clinical trials an efficacy of 100% in salvaging colonized CVCs; the Mino-Lok product had no significant adverse events, compared to an 18% serious adverse event rate when infected CVCs were removed and replaced, which is the SOC as of now. [A clinical data manuscript can be found here.](https://www.citiuspharma.com/wp-content/uploads/2019/05/Salvage-of-catheters-with-MLT-results-of-phase-2-study.pdf) + +Currently there are no competitors in the market that Mino-Lok addresses. + +Mino-Lok has also received FDA Fast Track with [QIDP designation](https://www.fda.gov/files/drugs/published/Qualified-Infectious-Disease-Product-Designation-Questions-and-Answers.pdf), which is defined as “an antibacterial or antifungal drug for human use intended to treat serious or life-threatening infections, including those caused by an antibacterial or antifungal resistant pathogen, including novel or emerging infectious pathogens. + +[FDA’s “Fast track”](https://www.fda.gov/patients/fast-track-breakthrough-therapy-accelerated-approval-priority-review/fast-track) is a process designed to facilitate the development, and expedite the review of drugs to treat serious conditions and fill an unmet medical need. The purpose is to get important new drugs to the patient earlier. Fast Track addresses a broad range of serious conditions. A drug that receives Fast Track designation is eligible for some or all of the following: + +* More frequent meetings with FDA to discuss the drug's development plan and ensure collection of appropriate data needed to support drug approval +* More frequent written communication from FDA about such things as the design of the proposed clinical trials and use of biomarkers +* Eligibility for Accelerated Approval and Priority Review, if relevant criteria are met +* Rolling Review, which means that a drug company can submit completed sections of its Biologic License Application (BLA) or New Drug Application (NDA) for review by FDA, rather than waiting until every section of the NDA is completed before the entire application can be reviewed. BLA or NDA review usually does not begin until the drug company has submitted the entire application to the FDA + +The frequency of communication assures that questions and issues are resolved quickly, often leading to earlier drug approval and access by patients. + +Based on Phase 2b results, Citius Pharmaceuticals believes that the Mino-Lok® product is highly effective in salvaging infected indwelling catheters and is well-tolerated, making Mino-Lok therapy an attractive alternative to removing and replacing a new CVC. + +In Nov. 2020, Citius announced the results of a study that Mino-Lok eradicates S. aureus Biofilm more effectively and expeditiously than components. [This is a good read.](https://www.prnewswire.com/news-releases/citius-announces-results-of-study-that-mino-lok-eradicates-s-aureus-biofilm-more-effectively-and-expeditiously-than-components-301180863.html) + +“Staph aureus is one of the most worrisome pathogens in catheter related bloodstream infections (CRBSI). This pathogen receives special consideration even in the IDSA guidelines for treating CRBSI. We are very pleased to show that Mino-Lok appears to be more effective, and work more expeditiously, than even ethanol," commented Myron Holubiak, Chief Executive Officer of Citius. + +The company is currently conducting a Phase 3, multi-center, randomized, open-label, assessor-blinded study with 144 patients. The objectives of the study are the following: + +* To evaluate the efficacy of Mino-Lok along with standard of care (SOC) systemic antibiotics for salvaging the central venous catheter (CVC) in subjects with catheter-related or central line-associated bloodstream infection (CRBSI/CLABSI) +* To evaluate the safety of Mino-Lok in subjects with CRBSI/CLABSI. + +According to the [latest videoconferences](https://youtu.be/aGrLMN-RnCQ?t=20395) held in March by both Leonard Mazur and Myron Holubiak, the Pivotal Phase 3 ALT Study began in Q2 2017 and is supposed to end in Q3 of 2021. The catch is that based on the comments and recommendations made by the DMC, which are further supported by the June 2020 FDA guidance document titled “[Statistical Considerations for Clinical Trials During the COVID-19 Public Health Emergency](https://www.fda.gov/regulatory-information/search-fda-guidance-documents/statistical-considerations-clinical-trials-during-covid-19-public-health-emergency-guidance-industry)”, they have amended the DMC charter to enable a “superiority” review at 65% of the expected events rather than 75% as originally planned. The final DMC meeting is going to be held in late-April/early May and is critical to the evolution of the phase 3 trial of Mino-Lok. They can say that it is unethical to keep the trial going based on the positive results and speed up the process for the FDA approval OR they can say that data is insufficient and keep the trial going for as long as it’s intended to – Q3 2021. + +People are investing into a favorable decision by the DMC regarding the efficacy of Mino-Lok to stop the trial early, judging by the results of the past clinical trials. + +**The main risks of investing in the company are:** + +* Biopharmaceutical companies represent a high degree of risk because the majority of the drugs and products that they are testing fail in early trial stages. +* The company has no basic income, no revenue, no products, relying entirely on investors for funding. +* Any delay or even failure in a trial could force the company to issue more shares for funding, possibly diluting the share price. +* The DMC deciding to continue the trial for Mino-Lok as intended and prolong the Phase 3 trial to Q3 of 2021. +* Not receiving FDA approval for Mino-Lok, despite the Fast-Track QIDP designation. + +**Are there other positive aspects that counter these risks?** + +Yes. + +According to [fintel.io](https://fintel.io/n/us/ctxr), Citius Pharmaceuticals has 10.7% insider ownership, 13,457,939 shares equating to cca. $25.5 million (at a share price of $1.90), out of 125,758,091 shares outstanding, which brings a sense of confidence among investors. In February 2021, [Citius Pharmaceuticals closed a direct offering of $ 76 million](https://finance.yahoo.com/news/citius-pharmaceuticals-announces-closing-76-214700748.html), which they say is more than enough to bring their first product, Mino-Lok, to the market. In addition, CTXR has a total of 4 promising products across a span of 3-4 years, so they don’t rely on the success of a single product to survive and thrive as a company. + +TL;DR: I can’t possibly sum up this much information here. Try reading the whole thing if you’re genuinely interested. I invite those interested to click the links in this post, they lead to more and more information. +Seems like our dear investors have some debt. + +[From Investopia](https://www.investopedia.com/terms/m/margin_debt.asp) **Margin debt** is the amount of money an investor borrows from the broker via a **margin** account. **Margin debt** can be money borrowed to buy securities or sell short a stock. + +It looks scary as hell. But is it? I'm just a stupid ape with half a wrinkle, though. + +Some apes with more wrinkles can tell us what this means? + +https://preview.redd.it/cdrerw9ndbu61.png?width=808&format=png&auto=webp&s=b846ce1397f62933cea4bce37ac3c24301d931a6 + +Full report: Just posted today + +[https://www.yardeni.com/pub/stmkteqmardebt.pdf](https://www.yardeni.com/pub/stmkteqmardebt.pdf) + +**Edit 1:** +Graph 8 in the report linked above was mistaken for S&P500 by some. Here's S&P500 + +https://preview.redd.it/369z0agbrbu61.png?width=1464&format=png&auto=webp&s=3aa0f34b931132ad18a5654f95aae608b614ec14 + +[Source](https://www.advisorperspectives.com/dshort/updates/2021/04/19/margin-debt-and-the-market-up-another-1-1-in-march-continues-record-trend) +https://newsroom.intel.com/news-releases/august-2020-intel-financial/ + +SANTA CLARA, Calif., Aug. 19, 2020 – Intel Corporation today announced it is entering into accelerated share repurchase (ASR) agreements to repurchase an aggregate of $10 billion of Intel’s common stock. Following completion of these agreements, Intel will have repurchased a total of approximately $17.6 billion in shares as part of the planned $20 billion share repurchases announced in October 2019. +My husband is quitting his job tomorrow. There’s nothing I can do about it. I get it, it’s killing him. He’s having anxiety attacks and chest pains, the phone never stops ringing, he can *never* take a day off without soul crushing reminders about what he’s neglecting while he’s away. +He makes about 110k a year, I work part time for 15 an hour about 15-20 hrs a week. We have two kids. A mortgage, a second home we make about 200 a month on (we couldn’t sell it so we’re renting it out) two car payments, plus the regular bullshit bills that come with a home and a family. He plans to liquidate his 401k because we don’t have much in savings. I am terrified and I could use some advice on dealing with the fallout. +We should not consider the institutional ownership as a locked portion of the float. They will sell when it behooves them and I guarantee those shares will be used against us. I would much rather see our progress measured assuming that portion also needs to be DRS’d, instead of being hoodwinked into thinking we are almost there and then tens of millions of more shares have to be locked when they sell. +So we are currently FATFI, about $600k a year income with $4million in investments. Our spend rate is low, probably about $90k a year. I now have an opportunity with a start up that I founded, and it has huge potential (isn’t that what we all think), but it will cost around $3million to get off the ground and really take off. If it fails spectacularly and we lose everything, we’re still FI, and a few more years of work will put us back at fat status. I’m just curious if anyone risked a huge amount of their net worth to chase massive possible returns and how they felt about it. +Happy Sunday Apes, + +Fair warning: if you don’t want your nipples to be harder than a pair of woodpecker lips, stop reading now. + +Alright then. Now that I know everyone is still here, let’s get crackin’ with some grade A speculation. + +Like a lot of folks recently, I’ve been trying to put together the pieces of this puzzle in a way that it all adds up. We know the mechanics of the dividend are confusing - even within industry circles. Why? IMO, there are pieces of the puzzle that aren’t yet known to John Q. Public. That’s intentional. The following is my best guess as to what those missing pieces are, and how it all adds up in a way that makes perfect sense. Let’s dive in: + +On June 27 at 3:59 PM (1 minute before market close) RC tweeted: + +“Wall Street charges lofty fees, +doesn't risk its own money, +consistently underperforms and +wins regardless of how the economy +does. Meanwhile, Main Street faces +inflation and a growing wealth gap. +What's the solution?” + +As everyone knows, even RCs most cryptic tweets have been analyzed ad nauseam in search of their hidden meaning. This one? To me, this is plain as day. Let me begin to explain by asking a few follow up questions: + +If you want to start a billion dollar business legitimately (emphasis added; obviously subjective), what’s the first step? A: you need to find a big problem. Then, you need to find a solution to that problem. + +How do you do that? You listen to the market around you: + +- What are people saying they don’t like? +- What are people saying they wish existed? +- What are people saying frustrates them? +- What do people think is incredibly inconvenient? + +Is this a problem you can solve? Is it a problem that’s worth solving? + +If you solve a problem that the market wanted solving, and you do it an a scalable way, the market will reward you favorably for doing so. In short, you become a billionaire like RC not by chasing money, but by chasing big problems. The value of what you create will be proportionate to the size of the problem you solve. + +In this tweet, he’s flat out spelling out the problem HE has identified. He’s not asking a question he doesn’t already know the answer to. + +So, how big is this problem? + +Google NYSE market cap. It’s somewhere in the 25-30 TRILLION dollar range annually. Annual volume is in the trillions of dollars too. The DTCC processed 2.3 QUADRILLION in securities transactions in 2020. + +Be your own bank? How about your own exchange? Imagine owning a piece of that. + +Here’s how I believe this all plays out: + +1. The dividend is issued - it will in some way (even if unbeknownst to the general public at first) highlight a major problem with GME stock being listed on the NYSE and facilitated by the DTCC +2. The NFT marketplace will go live +3. RC & Co put their money where their mouth is and begin the process of moving shares onto their new marketplace. It wouldn’t surprise me at all if there is an unannounced crypto/NFT element of the upcoming dividend +4. Once the stock is transitioned, the true MOASS begins. What that will actually look like is a mystery, but here are some additional important factors to consider in support of this thesis: + +A big question that’s been floated is: how will MSM spin this when sh*t hits the fan? Well, a stock hitting the prices Apes are expecting is unheard of, and frankly would be impossible to explain away. While stocks hitting those prices - yeah, yeah, I see you Berkshire Hathaway - is unheard of, what’s a relevant related space that’s already commonly accepted to hit astronomical prices? Crypt0 and NFTs. As far as I’m aware, a single share of stock has never sold for millions of dollars. NFTs on the other hand? The highest price I’ve found to date is: The Merge for 91.8 million. + +Having the MOASS occur on the NFT marketplace makes too much sense for all parties involved: + +- GME is transitioning to web3. Why should they leave their stock listed on an outdated and obviously problematic platform when they’ve built their own solution and have been handed the most incredible opportunity to launch it with more fireworks than one can possibly imagine? +- MSM gets plausible deniability. Yeah, you may not like this, but it would be true in this scenario whereas it would be impossible in another. Whether you like it or not, this is a critical factor. +- Not as sure about this one, but wouldn’t the stock be short able when it’s at astronomical prices during MOASS as things are today? Likely prices never to be seen again? If true, that would be a risk worth avoiding. + +To me, this is the scenario that makes the most sense by far. Start looking at your DRS shares as tokens (edit: digital assets). Dr. T said it herself: + +“DRS is the exit I helped build (on the DTC’$ dime, BTW) starting in 1992 so retail investors could leave the DTC, their banks, brokers, and the Wall Street casino behind and get directly connected to the companies they invest in.” + +You see how all the pieces fit together? This is a decades-old problem that’s finally going to be solved, and everyone reading this is in on the ground floor. Trust that, regardless of how exactly it all plays out, you will be rewarded handsomely. Don’t forget - none of this would have been possible without retail investors. We know it, and the company has openly stated it on numerous occasions. You can be sure that you will be rewarded for your contributions. All you need to do is sit back and enjoy the ride - trust that your investment is in the safe and more-than-capable hands of RC & Co. + +TL;DR: + +- the NFT marketplace is where this is all likely to go down +- The dividend is the first step of the end game +- Buckle the fuck up and enjoy the ride + +🦧✌️💙🚀 + +EDIT: something of importance I forgot to originally include. Imagine trying to time the MOASS on the current exchange? CS sell limits, peaks, valleys, fuckery of every degree, etc. Having that volatility occur on the NFT marketplace likely gives the company and shareholders significantly more “control” over exit prices - if they even want to exit at all. +As the title says - curious to see people’s views. My initial thought would be a senior constriction site health and safety manager - 150k-180k with essentially an management/admin role +I believe: + +&#x200B; + +* Rates are staying low for some time +* Aussie dollar will remain weak against USD + +&#x200B; + +How to make the most of this? + +&#x200B; + +1. Borrow money to invest in things you expect to return more than your interest rate +2. Buy US stocks + +&#x200B; + +Yes, there is risk in both. There's also risk in inaction. Are your decisions based on fear or a goal? + +&#x200B; + +Will you be doing either of these things, or sitting on the sidelines watching others? + +&#x200B; + +Agree? Disagree? Why? +For example, I've been in a out of town job for about 3 months now. I took a job that was needed to be filled immediately, basically no training or decent on boarding. + +Everything was fine and superintendent/supervisor and coworkers were fine for around 2-3 weeks, then as I was becoming more comfortable within the team the superintendent started joking/taking digs at me some casual stuff... maybe to see what I'm like? I really don't know, I'm all for some casual trash talk or having a joke even if it's at my expense, I don't get embarrassed easily or feel ashamed if I make mistakes or look like a fool! + +But he takes it too far, everyday, every chance he gets, almost none of our conversations (even work related) are serious, or if they are.. he will throw in a joke of some sort aimed at me, it's made it extremely difficult to keep a professional working relationship with him. + +As well as the fact he keeps reminding me and what feels like holding it over my head that's he's giving me a great opportunity for success and can get me ahead through this job. + +I'm going to leave, I have two interviews next week for jobs local to my area. + +I'm not dealing with it, I'm not going to tell him I'm leaving because of him, the culture he's created or the lack of training provided. I was told I'm the 3rd person to fill that position within a year, red flag immediately and have also had conversations with him where he has told me about the previous workers and how terrible they were. + +I'll be losing about 50-60k per year but honestly it doesn't seem worth it. + +Sorry for the long and somewhat detailed example but i am curious if this would be a common decision to make? + +Management & coworkers being dicks and deciding its not worth the 100k+. +I believe: + +&#x200B; + +* Rates are staying low for some time +* Aussie dollar will remain weak against USD + +&#x200B; + +How to make the most of this? + +&#x200B; + +1. Borrow money to invest in things you expect to return more than your interest rate +2. Buy US stocks + +&#x200B; + +Yes, there is risk in both. There's also risk in inaction. Are your decisions based on fear or a goal? + +&#x200B; + +Will you be doing either of these things, or sitting on the sidelines watching others? + +&#x200B; + +Agree? Disagree? Why? +I'm sure most of you agree that passive income is one of the biggest factors when it comes to the world of financial independence. There are quite a few common/well-known streams of passive income (such as advertising on a website, or renting out a property), but I was hoping some users here could enlighten us with first hand experience with lesser-known PI sources. Let me know what your thoughts are in regards to this topic! + +EDIT -- Here's a few things people are suggesting: + +1. Self-publishing + +2. Lending money: Stocks, bonds, p2p loans. + +3. Lending real estate: rentals, roommate, airBNB. + +4. Monetized YouTube videos + +5. Royalties through books, music, art, etc. + +6. Purchasing stable websites + +7. Importing and selling products on Amazon + +8. Perennial food garden (Anything cutting your recurrent living cost) + +9. Product licensing + +10. Affiliate marketing +Good day everyone! +I bought a car from Carvana about 3 months ago, I did all the paperwork with my bank and submitted it for payment. Everything has been good on my end, I have the car and I am loving it (it’s registered and all that good stuff. Here is the the deal though, I called my bank last week and asked them when my first payment was due, (with my bank I get 90 days before having to make the first payment). As it turn ours Carvana never actually submitted the paperwork to my bank. +I went ahead and called Carvana and asked them if they are missing $26k by any chance. They said no, everything is good and they already sent the title to my bank. + +I called my bank back and requested for the title to be released to me since Carvana dropped the ball big time. The title is coming today in the mail. + +Now my questions is; what could possibly happen next? + +When i reached back out to carvana they said they would get back with me and come up with a solution to fix their screw up… ironically I have yet to hear back from them… + + +Any advise/help is greatly appreciated +My wife and I live just outside London and have 2 young children. I earn about £34k a year which is enough but with bills, mortgages, we are just about managing. I feel our problems would be solved if my wife started working. We could save everything she earns and use my salary to fund everything. + +My wife doesn't work because she feels that it's my responsibility to provided for the family. She is from india so has a view that it's not right for her to work. + +Child care isnt an issue. We live next door to my parents and my father takes them to and from school, and they are happy to babysit them for an hour after school. + +I think its the ideal time for her to work, we could save up and move to a better area in a few years or save to set up the kids future. But forcing the point is just going to cause problems. Any ideas. +I'm 39M London, UK based, came to the UK in my early 20s for studies. I come from a well off family in SoEurope with a few properties, but nothing extreme; you could live in my country of origin from that income but would have a very basic life. + +Studied CS and worked for peanuts for a few years around London (didn't know any better) until I changed to a niche management consulting career and became a contractor the last 5 years. I bought a 1m flat in London (mortgage), and I've inherited 2 properties that gross around £50k pa each valued around £400k. I was grossing £200k pa from my contract, until I've got another client on who gives me another £120k pa more or less. My spouse and I live relatively frugally, meaning that we don't cheap put on things we need, but don't buy things we don't need, and can get by with basic things whenever we can. + +So all in all, I'm not super wealthy, but doing much better that the average Joe in London, but I don't see fatFIRE anywhere in the horizon. It just seems like an endless grind in jobs that I can't say I love and I find them mundane, but can do them easily and well, because of my experience and attitude. + +It feels like I'm doing something wrong, and even with a good basis of income and assets, it's not enough to keep increasing my NW (or rather I do but very very slowlly) Apologies if this isn't a relative question to the sub, I thought I might get some decent answers though from the collective experience. +When the MOASS begins, if they cut the internet no ones selling. If no ones selling there won’t be any shares to buy = less supply to purchase with insane demand would only cause the price to go even HIGHER. + +This is blatant FUD and makes no sense. Say the internet does go down, everyone’s trying to call their brokerages, brokers get flooded with calls checking the price and hearing it’s in the thousands, there’s a wait time to connect to a broker now, people panic and hear price is dropping and everyone starts selling. + + +IF THE INTERNET GOES DOWN ITS COUNTERINTUITIVE IF THEYRE CLOSING THEIR SHORT POSITIONS, DONT BUY INTO THE FUD. + + +This can be manipulated to no end, not having easy access to the current price and you’ll be out of your position of sheer emotion. Brilliant plan on their part, but DONT BUY INTO IT. +I absolutely love seeing the big numbers, but it takes some courage to believe that you, the little guy, are making a difference. + +We are all making a difference. None of us could do this alone and no whale dare try to do this alone. Keep those posts coming. You’re smaller shares do matter and they are exactly what’s going to take us to another galaxy 🦍🚀🌌. + +Obligatory edit: there is no “in this together”, but there is “we like the stock”. +Haha just posted this for laughs, im actually hurting. + +I thought she was the one, she gave new meaning to my life and taught me what love was. I introduced her to my family, and she was the first one too. + +It was a healthy relationship honestly, we talk about everything that's bothering us between each other, if we made each other feel uncomfortable and so many more that's need to be talked about and fixed. + +Although she fell out of love, she was honest with it and talked to me about it, we parted ways without ghosting and being a bitch to each other, I respect her so much honestly + +TLDR: Title. Just said this story so I can post, I mean it tho. + +edit 1: thank you everyone for the encouraging words + +edit 2: it's almost 4am and i can stop crying, been 5hrs now. I need you apes now more than ever, thank you. + +edit 3: I just woke up apes, I managed to get 3hrs of sleep but I couldn't sleep anymore so I just ended up using my phone and reading everyone's comment. I honestly don't know what to say but thank you:) i love you all. + +edit 4: why does it hurt so much apes +Like the title says I was tipped my first moon and it got me more involved in this sub. After occurring 1k moons I then proceeded to tip 100 moons out to the moonless (moons have 3x since then). I got suspended for a week due to this practice of tipping out moons (without mod approval). So now I just try and get people to open their Reddit Vault (which is an Ethereum wallet) and contribute to the community to earn these tasty moons!! + +P.S. Moons to the moon!! +It’s that time of year when we often give Christmas bonuses to our hired help - nannies, housekeepers, etc. This year we are also having some construction work done on our house and the workers will be there Dec 23. I’m curious to hear from others with household help. What do you typically give as a Christmas bonus? Do you do a flat amount, a percentage of the job, one month’s extra? + +We are particularly thinking of the contractor who is doing a $17k job on the furnace/AC/ducting. They have a three man team and I’m trying to figure out an appropriate amount as a Christmas bonus. + +Edit: Thanks for the suggestions! We decided to give them $200 per worker, since it’s a one off contract. + + +[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 + +[📚 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) | [📚 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) | [💡 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) |[📈 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) | [🗣 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) | [🤔 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) | [💻 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) | [📰 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) | [🤡 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) | [👽 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) | [📳 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) | [☁ 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 💎🙌](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** + +[📣 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) | [📆 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) | [🏆 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) | [🚨 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) | [📖 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) | [🔔 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) | [⌚ 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) | [🥴 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:"💻 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!* +So i've been stuck on trying to understand how bonds works because my broker dosent sell bonds and I cant visualise a graph or anything. Here are the current Treasury US bond yields as of writing this: + +Treasury Bond yields + +3 Month 3.93% + +6 Month 4.37% + +12 Month 4.51% + +2 Year 4.47% + +5 Year 4.34% + +10 Year 4.22% + +30 Year 4.33% + +&#x200B; + +[https://www.bloomberg.com/markets/rates-bonds/government-bonds/us](https://www.bloomberg.com/markets/rates-bonds/government-bonds/us) + + I have a few questions + +1) Whats the difference between a coupon and interest rate. + +2) What does bond price mean? Is it the price you can buy it at? Does this price increase or decrease in the future or is it fixed? + +3) If I buy a bond today and sell it tomorrow without holding it for 30 years or 3 months how can I make money? Do I need yields to go up or down in order for it to be in my favour? How would a swing trade work for the bond market? + +4) Why would anyone ever want to buy the 3 month bond it has the lowest interest rate it makes no sense for anyone to buy it. Why does the 30 year yield have lower interest rate then the 12 month yield? Isnt it best just to buy the bond with the highest yield get the first instalment and sell the bond? + +5) what do the plus number for 1 month and 1 year show on the website? I am completely stuck and there is no explanation I can find. + +6) are the " Federal Reserve Rates" the same thing as interest rates? + +&#x200B; + +Sorry if these questions seem very basic to you but I dont have access to bonds and I cant understand how they move and what they mean for the economy. +So at a minimum we’re in lockdown for another 2 weeks but with over 30 people who were in the community yesterday (Friday) while being infected numbers are predicted to increase for the next few days. + +From my reading we will be in lockdown for Atleast another 3 weeks until we’re close to zero infections, at what stage does this start to dent the confidence of people’s finances and the nsw economy enough for people to be scared to be locked into a 1.5mil mortgage fir the next 30 years. + +Discuss +Young and new retarded apes, if you are reading this don't lose heart and be a paper handed bitch. This is the same tribulation that happened last february where shills and bots swarmed WSB that also weeded out the paper hands and only the true diamond hands held and stayed. +Not a financial advise... + Buy the fucking dip and dont make the same mistake that i did when i didnt buy the $48 per share GME cuz i got afraid that i would lose more. WSB is not a place for people who gets scared when the board turns RED. +All of us who stayed here and Hodl for the last 3 months can say that this kind of scare tactic doesn't faze us anymore cuz we don't give a flying fuck we simply thank for the sale and buy more. + + To the hedgies and their cronies reading this...SUCK MY DIAMOND GOLD GILDED DICK!! im not fucking selling. Do your worst and i wont care for i would be just busy watching Gordon Ramsey in Hell's Kitchen. + +To the Apes.. + THIS IS WAR you fucking sons of bitches casualties are fucking expected and loses will be everywhere because this is a life and death situation the hedgies wont simply just roll over and give up. This aint disneyland where is all sunshine and rainbows, people enjoying and laughter in the background. Welcome to fucking hell where reds are green, green are green, and Mondays are the new Fridays. If you fucking cunts cant handle pressure you dont deserve to be here in WSB. + +To the True Diamond Hand Comrades... +Its just simply a typical day in a typical week here in WSB lets grab a drink and food and play games on our consoles and let the paper hands panic and shills demoralize the paper hands. We know that they know that we know that they are really fucked and desperate for the MOASS is about to come. Lets just chill, sit back, and relax. We thank the hedgies for giving us a big sale on GME cant wiat for the next paycheck. + +Edit: Thank you retards for the upvotes and awards i simply wanted to reignite that flame of passion in your hearts and to remind you fucking retards that the fight is not over. We marked our names in history and made a change i hope it becomes better. +I have the feeling, that a high percentage of people here rely on having real estate to live in and even more to rent out as passive income. + +So I wondered if it is + +A: really that passive (maintenance, finding tenants, arguing with them,...) + +B: how big of a role does it play in youre FIRE plans? + +I want to start with buying a cheapass little flat to rent out to just "get used to it". Paying of the credit with a few hundred euros a month and see what happens. If everything falls apart I sell it and re-evaluate... + +I can't start with a 500.000 apartment so I figured that might be the way to go... + +Before you say "Just ask!", here's the tricky part - I'm not supposed to know and found out completely by accident. + +I'll keep it short. I work at a bank. I'm a senior (open personal and business accts., CD's, sales, etc.) CSA. Been there a little under a year. Coworker has been there a month, cannot open accounts or anything, CSA. I picked up a printed pay stub I thought was mine since I had just printed it. Look at it, see their name, making $13/hr. I make $13.13/hr. I'm livid because I've been busting ass to make sales and push my way up in the company so I can earn more to make more contributions to 401k and my emergency fund. + +I'm terrified of going to my boss and asking for a raise with this information, because I could risk losing what I've worked for. But I'm still furious that I literally earn $1 a DAY more than someone whose been struggling in the job. + +So how can I go about asking without risking everything? + +EDIT: I really didn't expect this to blow up as much as it did! I'm taking a lot of the advice here and planning carefully what to do from here, as well as out reaching in my connections to get all my options. Thank you everyone! +# 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 can’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 £/$/€) 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 (μBTC) +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 $10 meal would equal: + +* 0.001 BTC +* 1 mBTC +* 1,000 bits +* 100k sats + +For more information check out the [Bitcoin units wiki](https://www.reddit.com/r/BitcoinWiki/wiki/bitcoin_units). + +--- + +**Still have questions?** Feel free to ask in the comments below or stick around for our weekly [Mentor Monday](https://www.reddit.com/r/Bitcoin/search/?q=title%3A%22mentor+monday%22&sort=new&restrict_sr=on&t=all) thread. If you decide to post a question in /r/Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. + +**Note:** This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can [edit it here](https://www.reddit.com/r/BitcoinWiki/wiki/rbitcoin_sticky) and it will be included in the next revision pending approval. + +**Welcome to the Bitcoin community and the new decentralized economy!** +Sono Group ($SEV), an EV startup that went public yesterday. I decided to take a quick look at the company. Their Vehicle is... not very impressive, no groundbreaking range, efficiency or price improvements. Their big selling point is solar cells plastered all over the vehicle, which many companies are exploring. + +You can learn more about the company here: [https://sonomotors.com/](https://sonomotors.com/) + +But, who exactly is building these cars? Surely a startup this size can't mass produce $30,000 vehicles. The answer is National Electric Vehicle Sweden (NEVS). They bought SAAB's assets in 2012 with the intent to make a SAAB 9-3 EV. In almost a decade, no vehicle has made it to production. + +It gets worse. NEVS is a subsidiary of China Evergrande New Energy Vehicle Group, A subsidiary of Evergrande Health Industry Group, who bought 100% of NEVS in 2020. Evergrande Health is, of course, a subsidiary Evergrande Group. Also of note, NEVS haven't filed any reports since 2019. + +NEVS ownership structure and investor relations: [https://www.nevs.com/en/investors/owner-structure/](https://www.nevs.com/en/investors/owner-structure/) + +&#x200B; + +This company has managed to put their manufacturing into the hands of, ostensibly, an incompetent and unproven manufacturer, which is currently a wholly owned subsidiary of Evergrande Group. + +&#x200B; + +If ever there were an EV stock to avoid... this would be it. +This is just a theory, but I think some DD into the effects of a simple cash dividend is needed. + +With tokenized shares as locates for naked shorted shares, ETF baskets, put/call fuckery, - hedgies have created I big pile of shit.. + +How is a simple cash dividend distributed?. +I guess if you have 100 shares, and you wanna pay out 1$ per share, you send $100 to computershare a d ask them to pay your shareholders.. easy piecy.. + +But what happens when you have that before mentioned pile of shit, and some sneaky chairman made a stock dividend where you would be distributed 3 shares for each share you had, ending up with 4 shares. + +Which we all know didn’t happen after the books, the DTCC only has 1 entry for every 4 shares, because brokers were asked to just multiply any shares with 4.. + +So what happens when gamestop declares a cash dividend of what.. $0.50 per share? + +GameStop sends a check to computershare of $150 million.. + +Now what?.. you really think the DTCC who committed international security fraud really have everything in control?. + +Or.. will there be brokers that won’t receive dividend, or?.. + +Just a shower thought 💭 + +Edit: and with positive cash flow, we are very close to return as a dividend company.. +this scares the short sellers, they have to pay in cash, for every naked share in existence +I know SCHD ETF is always mentioned here on this sub as a solid ETF to get. I am just wondering who are their competitors? + +Update: Thank you all for the great advise. + +My goal would to hold a number of good solid ETFs for 5 to 10 years. I want to build into my position through ETFs at first ( don’t have a lot of money to play wth and I feel ETFs is a good base to jump in). I plan to DCA every month $200 every month split between my TFSA and RRSP. + +Meanwhile continue to do my due diligence here at looking at various ETFs. +I have done my own research and for me it looks like it is a safe company with good Cashflow, a stable balance sheet and and a low P/E. The EPS looks great and the dividend are constant (since 1928 they pay a dividend) +What is your opinion about the company and the products they sold? +What’s your thoughts on both. I currently own SCHD as well as SPYD. Then a blue chip MF by fidelity as well as a small cap MF by fidelity. Should I consider adding VTI to the mix ? +EDIT: Hello All, the response to this post has been amazing, thanks for the many who have contributed or inquired. Wanted to add a few things up front that seem to be causing confusion. + +1) The goal of this strategy is to collect the premium, NOT be assigned stock! While being ready and able to take the stock is part of the plan, being assigned is always to be avoided. If you sold a CSP 1 time and were assigned, you are either doing something wrong or are terribly unlucky by picking a stock that tanked. + +CSPs should be sold over and over or rolled for a credit, to avoid assignment. You should be collecting 4 to 5 or more premiums worth several dollars before getting assigned. Some who have contacted me sold a CSP and just waited to be assigned, this is not the strategy. + +If you are getting assigned more than a couple times a year you may want to look at the stocks you are trading and how well you are managing your position. Getting assigned the stock should be a very rare occurrence! + +2) As you select the stock and sell the CSP expect to get assigned. Be sure it is a low cost enough stock so that you can handle the stock and still make other trades. If you're trading a $150 stock, be aware you could have $15K tied up for a while and be prepared to do that. + +3) Going along with #2 I trade small and use lower cost stocks. The premiums are not as juicy and the attraction of a TSLA or AMZN is hard to resist, but you are better selling 1 contract at a time for 10 positions than 10 contracts in one position and have to take 1000 shares. + +It is always good account management to not trade more than about 5% of your account in any one stock to avoid news or movement from the stock from blowing up your account. It is also a good idea to keep 50% of your buying power available for safety and to take advantage of opportunities. + +4) There have been negative nellies telling me this won't work and being critical. Note that this is not my strategy and I don't make any money from it being used or not. My time was spent in an effort to show one method options can more safely be traded, so if you have had a bad experience or think there are better ways, then feel free to post them! + +5) Lastly, I have not done any research on this vs buying and holding stock. I've traded for more than 20 years with most of that time focused on stocks, and I did well! + +Where I see the main differences are that options give leverage so I can collect premium from more stocks than just buying a couple, so this spreads out my risk. Also, I very much like the shorter time frame as I can move on to other stocks should one drop or run up. If done well you may only get assigned a couple times a year and often be out of the stock in a couple weeks. + +OK, I think you will see this is not sexy or exciting trading, it is boring and you make $50 per position in many cases, but they add up. For those looking at huge returns and the excitement of major risk, this is not for you. If you want a more reliable way to trade options then this may be good to check out. + +&#x200B; + +Original Post: + +I've been asked and have explained The Wheel strategy many times, so thought it may be a good idea to write it down all in one place for posterity! + +&#x200B; + +This is the options strategy I use most often and IMHO it is about as safe and reliable as options trading gets. You will NOT get fantastic returns and it is quite boring and slow, but with the proper stock and patience, it can result in reliable profits and income. A 10% to 20%+ return is not difficult depending on a few factors, mostly based on stock selection, experience managing short puts and calls, plus the trader's patience. + +&#x200B; + +The Wheel (sometimes called the Triple Income Strategy) is a strategy where a trader sells cash secured Puts to collect premiums on a stock or stocks they wouldn't mind owning long term. If the options expire or closed for a profit without being assigned, the premiums are all profit.  The goal is to set up trades and avoid being assigned, but it is understood that if the put is assigned the account will buy and hold the stock. Through the collection of premium, the initial cost basis of the stock can often be lower than the strike price paid.   + +&#x200B; + +The next step of The Wheel is to sell covered calls on the stock.  It is highly preferable to sell a call with a strike higher than the stock's cost basis, but this is not always possible.  This is repeated over and over to collect even more premiums that continue to lower the stocks cost basis, and along with any rising stock price movement, works back to break-even or a profit. + +&#x200B; + +At some point the call is exercised and the stock called away, or you can simply sell the stock, but when you add up all the premiums collected from selling the puts and calls, plus it is desired and common to end up selling the stock for a profit, this results in the Triple Income.  If the stock pays a dividend while you own it then you can collect that as well (Quadruple income!). + +&#x200B; + +Below is a graphic showing the simple way to track the Credits and Debits to keep track of the overall position. + +&#x200B; + +Step #1: Stock Selection - Most traders who have had a bad experience with the wheel have chosen the wrong stock. The stock(s) you chose must be a good candidate and one you don't mind owning for some length of time, as it is possible you could own it for months. + +&#x200B; + +Use your own criteria that fits your account, but this is what I use: + +* Profitable company that has solid cash flow +* Bullish, or Very Bullish, analyst ratings +* Priced around $10 to $50 so that I can afford to take the assignment if needed and I stay away from sub-$10 stocks as a rule +* A stable chart without wild gyrations (especially those caused by CEO tweets!) +* A nice dividend is always a good thing, both that you may collect it if assigned the stock but also that dividend stocks tend to more stable and predictable + +&#x200B; + +Use your own fundamental analysis criteria to create a watchlist of 10 or so stocks that you can trade. If you find some lower priced ETFs, or have a larger account for the more expensive ones, then these can be included and make good candidates due to their normally steady movement, no ERs, and no CEO tweets. I look at my watchlist every few weeks and change it accordingly. + +&#x200B; + +Step #2: Sell Puts - Cash Secured Puts (CSPs) indicates you have the cash/margin to buy the stock if it is assigned. Be aware of any upcoming ER or other events that could cause a spike or movement in the stock, it is best to close or have the Put expire prior to the event, in effect skipping it and then continue selling CSPs afterward if the stock still meets the criteria. + +&#x200B; + +Sell a Put on the selected stock: Below is a suggested model, but up to the individual trader: + +* 30 to 45 DTE offers a good premium as the time decay curve starts to accelerate +* 70% Prob OTM or higher (\~.30 Delta) +* Number of contracts is based on account size able to handle an assignment +* The Put can be closed and re-opened, or rolled, at 50% profit if there is plenty of time left, although you can let it expire or close and re-open at any point +* Enter the Credits received, and any Debits paid to close or roll, on the Tracking P&L file +* Roll for a credit if the Put is challenged when possible, and provided a credit can be made it can be rolled as long as needed which can also be used to track the stock's movement by changing the strike price +* If a credit cannot be made then it is best to take assignment of the stock + +&#x200B; + +The CSPs should be able to be sold over and over to collect as much premium as possible, and often never be assigned. If there is a fundamental change in the stock, close your position for an overall net profit and then move on to review and/or move on to another stock. + +&#x200B; + +If assigned then Sell Covered Calls as shown in Step #3. + +&#x200B; + +Step #3: Sell Covered Calls - Using the tracking file determine the net stock cost which is often already below where the stock is. As selling puts is usually the most profitable, some traders just sell the stock and move on to selling more CSPs, or sell a very high-value ITM Call that is sure to be called away and adds to the profit. + +&#x200B; + +If your net stock cost is above the current market price and you keep the stock, then the goal is to sell CC premium to continue adding to the Credits and lowering the net stock cost below where the stock is trading before it gets called away. + +&#x200B; + +Sell CCs, again here is a suggested process: + +* Sell a Call above the net stock cost whenever possible, however, at times you may need to trade the strike below to get some good premium. Note that I will settle for a lower premium to be farther out to avoid the risk of early assignment and give the stock a chance to stabilize and possibly start to recover. +* Same as CSPs: 30 to 45 DTE, 70% Prob OTM or higher +* Close and re-open, or roll, at 50% profit +* Roll for a credit when possible, or allow exercise and the stock to be called away if a credit is not possible (especially if the strike is above the net stock cost) +* Track Credits and Debits, plus any Dividends captured, on the tracking file +* Continue this until the net stock cost is below the strike price at which time the stock can be left to be called away (some note that it cost less in fees to close the option and just sell the stock which accomplishes the same thing) + +&#x200B; + +Step #4: Review and go back to Step #1 - While the tracking file makes it easy to see the P&L, review the trade to verify the numbers and then look for the next, or same, stock to sell CSPs in Step #1. + +&#x200B; + +As they say, rinse and repeat. + +&#x200B; + +Risks and Possible Problems: The single biggest issue for this strategy is the stock price drops significantly, but this is no more risk than just owning the stock outright. + +Stock Drops: The reason to make these trades on a stock you wouldn't mind owning is because of this risk, and if a good stock is selected then this should be a very rare occurrence plus not a major issue. + +* The price of the stock may drop well below the CSP strike and rolling for a credit will not be possible causing assignment. +* If CSPs were sold over and over the net stock cost may be much lower mitigating this drop in price. +* Management is to sell CCs over and over to allow time for the stock to recover, this can take time but when added to the CSP premiums collected the position can get "healthy" faster than you may think, however, this does take a lot of patience! +* There may be rare occasions when a stock is no longer viable (Enron?) and the position needs to be closed for a loss, again this shows the critical importance of stock selection. + +Stock Rises: Many see this as a problem, but I personally do not as if the CC strike is above your net stock cost then the position profits, but just not as much. + +* The stock is assigned and you sell CCs only to have the stock run well past your strike price. +* In most cases closing the CC and selling the stock outright can cause a bigger loss than just letting the stock be called at the strike price. +* It is, in this case, you may lament the profits that were "lost" by having the CC, but provided the above is done properly the position will still profit. + +Impatience: By far this causes the most losses from this strategy! + +* First, if you can't roll for a credit let the CSP play out! If you close the CSP early it will cause a major loss. +* If you get assigned the stock and sell CCs, do not try to "save" the stock through buying it back at an inflated price! If you can't roll for a credit then let the stock be called away and sell more CSPs to start the process over again provided the stock is still a viable candidate. +* Recognize it may take months selling CCs to build the premium up to a point where the net stock cost is less than the current stock price, but it will happen eventually if you can keep the CC from being exercised early. + +&#x200B; + +A Tracking P&L File graphic is included and shows Credits and Debits to know where the position is at any given time. Note the stock price can be entered as a Credit to show where the position is at any given time. This is simple to create and use. + +Hopefully, this is a thorough and detailed trading plan, but let me know of any questions, typos or improvements you may have! -Scot + +https://i.redd.it/5qrik6c6nc221.png +I’m currently renting a rather large house (9 bedrooms, approx 4200 sf) for $6000/month. I am subleasing the extra rooms for a total of $5000/month. + +There is an ADU (second unit) in the back that rents out for $3000/month. + +I’m talking to the owner and he seems interested in selling me the entire property for 1.9 million. Assuming we put 20% down, would this be a viable option? How does the current income flow calculate into the affordability on the residence? + +Note: this would be my second home purchase, so would it differ if I claim this to be my primary residence? +So my parents focus on single and multi family homes and I'm trying to make there business more consistent when it comes to the houses they aim for. + +I was wondering what type of real estate you guys usually aim for. An example for me would be Class C family homes (improvements usually needed but worth) and 3 bedrooms one bathrooms. (More so the age of certain parts) +I'm looking at small to mid level self storage facilities in the $500,000 to $1,000,000 range. I don't have any experience in the self storage business but I do have 15+ years in single family rentals. What is your opinion in out of state self storage rentals using online tools to manage a facility remotely? I have heard some others saying they liked the software options and features. What obstacles would be challenging? Are there any deal breakers for anyone with experience with out of state units? + +There just aren't many existing self storage facilities that near me (I live in the Eastern / Central Virginia region). I would be able to reasonably make quarterly trips to the property and would have the ability to visit within the week if I had to without too much trouble. Thanks for your thoughts. +*Hey guys, this is my first post here; thank you to anyone willing to share their input with a newbie investor.* + +I am a Canadian looking to move to the US for work and start investing in rental properties. My goal is to buy properties that appreciate well and cash flow at least $100/door on year 1. + + +I can live anywhere as I work remotely but I am getting a bit overwhelmed with all the data (can be found below) I need to consider in picking a location. + +&#x200B; + +Assuming you are in my shoes and have $20k USD to invest (i.e. 5% down as I will be house hacking my first few properties), where would you move to? + +\----------------------------------- + + +**((OPTIONAL READ)) ADDITIONAL INFO** + +So far in my analysis, I am collecting the following data: + +\- Net migration (at the state level) over the past 10 years & 1 year + +\- Median sale price (redfin) + +\- Value appreciation over the past 5 years and 1 year (redfin) + +\- Average rent (rentcafe) + +\- Rent to price ratio + +\- Income tax + +\- Job growth and industry trends (haven't found a good source to gather data yet - just reading high-level articles for now) + +\- Average rent growth (if someone has a good source for this please share as I haven't found one yet) + +\- Cost of living index (numbeo) + +\- Quality of life index (though investing is my main priority now, I am still looking at quality of life a bit) +Hey guys. So i wanted to share my story/ask for advice for fixing and flipping. I bought a house on an auction site that was bank owned. Anyway, I had hired a contractor to do a full rehab of the place, the contract ended up doing shorty work, didn’t do things I asked him to do, such as replacing the furnace, and other things. +We got into a huge fight and he ran off. I ended up going to the house to finish some things myself and fix the things he really screwed up on. It’s been listed for a month and buyers are noticing the shitty work and I haven’t even gotten an offer yet, which is crazy in this market especially outside of NYC. Everyone is telling me not to hire a general contractor next time and to just GC the project myself. The only problem with this is that I need to use a hard money lender, and in order to do that, they want a licensed contractor to sign off on a scope of work to close on the loan. +What’s the most efficient way to flip a home, what should I be looking out for? And how the hell do I find a good GC? +Im not sure how to go about what I want, i feel like i have a great start already in this but I dont know anyone who is into real estate investing so i figured why not ask reddit... + +So at 19 (a year and a half ago) I bought a dirt cheap home ($83,??? Loan) put $15k into it completely renovating it myself with a few friends and family over 6 months... It was appraised at $130k when I bought it (trashed btw), other houses in the same area around the same size are now selling for $180k+ my mortgage payments are only $625 a month. + +However I have a son and a wife now so i dont want to do anything that would put me on the streets if anything went south. Im wondering what would be the best route keeping that in mind... + +I'd rather not sell the house but if it were the best route I might just move in with my in laws for a few months in between everything. This is not our forever home, its a home my wife and I bought as an investment. + +My goal is to buy more houses, im also not sure if I should flip houses to start so i can buy houses to rent or just go straight into buying homes to rent out... + +With all of this in mind , what would you do in my shoes? + +Any information, tips or constructive critisiscm would be greatly appreciated. Thankyou!! +Chilean equities are taking a big hit today after the country's voters overwhelmingly chose left-wing and independent candidates for the country's upcoming constitutional convention, rather than those favored by the ruling center-right government. + +Major losers include Sociedad Química y Minera de Chile SA (SQM), the world's largest producer of lithium; Embotelladora Andina SA (AKO-A; AKO-B), one of South America's major Coca-Cola bottlers and distributors; electric company Enel (ENIC); and Banco Santander Chile (BSAC). + +Any new constitution proposed will have to be approved by voters in a referendum, likely sometime next year. If voters reject it, the present constitution, dating back to the era of dictator Augusto Pinochet, will remain in effect. +http://money.cnn.com/data/sectors/health_services/?sector=3350&industry=3355 +For info, check here and select Managed Heathcare. + +Every large stock (market cap over 1 billion) have made gains between 11%-71%. An average around 35% for most. Not one negative stock or even close to it. Most have had similar gains in the previous years with no sign of slowing down. I know they aren't "sexy" stocks but they are safer and most are outperforming index funds. Seems like something everyone should have in their portfolio. +Anyone else read this today curious what others think about it. + +https://ca.finance.yahoo.com/news/blackrock-says-ready-recession-unlike-141611815.html + +-The global economy has entered a period of elevated volatility, and previous investing approaches won't work anymore, BlackRock said. + +-A recession is imminent but central banks won't be able to support markets this time by loosening policy, according to the money manager. + +-"Recession is foretold as central banks race to try to tame inflation. It's the opposite of past recessions," BlackRock strategists said. + + +I need to vent. + +A little back story, I have a really small account. I had a larger account with Webull back in the winter when I started day trading but realized that most of my wins/profits were luck and not because of strategy or skill. I didn’t blow up my account, however I did liquidate it when I realize that I wanted to switch to TOS. I opened my TOS account with $100 and decided I was going to focus on learning and developing my skill/strategies. I tried paper trading (with Webull and ToS) but it did not help me understand/control my emotions the way real money can (even a small amount such as $100). So, I trade with $100 and generally only one trade a day. + +Over the course of July, I had 6 red days and I can pinpoint exactly why I had those red days. I would not cut losses and try to hold them for the remainder of the day hoping to recoup some of the loss. I thought I was doing better and had 8 green days in a row (until 7/30). On Friday, I was so hyped, that I was on green streak, that I was going to end the month green, and that I felt I had kicked the emotional habit of mine to the curb. But alas I did not. I thought I picked a good entry, but it soon flushed, and instead of cutting my losses, I held… and held…. And held to the end of day. At which time, I had regained some of my losses but I ended the day red. I lost the emotional battle. Which to me was a much more detrimental. + +And then today… I hadn’t traded all week, due to wanting to process and work out that emotional decision making and being unavailable. I picked a decent stock, entered at a good price, and scalped a decent profit for me, about 5%, but didn’t quit there. I entered again, and this time it flushed and I was at a loss. Instead of cutting, I just held on to it nearly all day. Ultimately this stock moved up so I could break even on my second trade and ended the day green but still…. + +Vent over! + +Thanks for listening/reading. +Watch out for $PASO tomorrow. Please read my DD. + +I’ve made a couple posts on this stock recently, and I haven’t actually posted any real DD on it, but after countless comments questioning the hype behind it, I have decided to construct my own DD. + +Let’s begin by discussing the hype behind this stock. **The merger is set to close July 15th (tomorrow)**. + +**How do I know this?** + +The LOI was signed on 5/29 stating that the private company will merge to become a publicly traded company. From the LOI, it quotes: “The Closing shall be on July 15, 2020 or sooner, unless the parties hereto agree to another time.” + +**Details about the LOI:** + +In the Letter of Intent, it hereby quotes: “This letter of intent (“Letter of Intent”) is made and entered into as of the date above, by and between, CLX Health, LLC a Delaware Limited Liability Company (hereinafter “CLX”), and Patient Access Solutions, Inc. (hereinafter “PASO”), a Nevada corporation, and sets forth the basic terms and conditions by which CLX will acquire 10 Million Preferred Series subject to a dividend rate determined by the closing of the merger and appoint the Board of Directors in its entirety of PASO subject to shareholder approval if necessary. Preferred shares rights to be determined and memorialized with Board of Director approval, and the consummation of a Definitive Agreement, on terms as follows: + +1. PASO is a publicly held Nevada corporation whose securities are quoted on the over the counter bulletin board under the trading symbol (OTCBB: PASO) and classified as Pink Sheet Current. Patient Access Solutions has approximately seven hundred fifty million (750,000,000) Common Shares authorized, issued and outstanding. +2. CLX Health, LLC is a Joint Venture of Healthcare IT companies that have come together to identify, develop, and deploy solutions for the purpose of processing clinical information related to lab testing, results analysis, and public health engagement to deliver a safety net of technology to benefit the general public. CLX utilizes human assisted AI to monitor laboratory order and results data to create an operational database from which to deploy “digital health passes” to mobile devices identifying those individuals who are at the lowest risk to transmit communicable diseases and allowing them to re-enter the workforce immediately. +3. CLX shall acquire, subject to the completion of due diligence, the execution of a Definitive Agreement and Board and Shareholder (if necessary) approval, 10 million shares of preferred Series Stock of PASO. It is understood by the parties with joint financial interest in CLX acquiring control of PASO is to effectuate a reverse merger between PASO and CLX Healthcare Joint Venture partnership “CLX” (“Acquisition”). +4. The Closing shall be on July 15, 2020 or sooner, unless the parties hereto agree to another time. Prior to the Closing, PASO shall furnish their financial statements to CLX as they should be reflected in the most recent submitted disclosure to OTC MARKETS. The due diligence period shall be that period of time between the signing of this Letter of Intent and the signing of the Definitive Agreement. Any information received by or on behalf of any investigating party shall be deemed confidential information, in accordance with the provisions of paragraph 6. +5. After the parties have completed their due diligence investigation, or at the end of the expiration of the due diligence period, whichever comes first, the parties will sign a Definitive Agreement, formalizing the terms of this Letter of Intent. +6. Each of the parties hereto shall, and shall cause their agents and representatives, to keep confidential as proprietary and privileged information the negotiations of the parties respecting the consummation of the transaction contemplated hereby, and any other item which may be expressly identified or noticed as confidential hereby (“Confidential Information”). The parties agree not to negotiate with any other reverse merger or financing candidates during the pendency of this Letter of Intent. +7. This Letter of Intent sets forth the basic terms and conditions of the proposed transaction between the parties as currently contemplated. Consummation of the transactions contemplated hereby may require further negotiation, and is subject to the completion of due diligence as hereinabove described, and requires the drafting of a Definitive Agreement setting forth the terms and conditions not inconsistent with the foregoing and other terms and conditions which are customary and usual under the circumstances. The parties will cooperate and use their best efforts to negotiate such a Definitive Agreement. This Letter of Intent does not constitute or create, and shall not be deemed to constitute or create, any obligation on the part of either party to this Letter of Intent, except for as expressly provided for herein. No such obligation shall be created, except by the execution and delivery of the Definitive Agreement contemplated hereby, containing such terms and conditions of the proposed transaction as shall be agreed upon by the parties, and then only in accordance with the terms and conditions of such Definitive Agreement. +8. This Letter of Intent may be executed in one or more counterparts, each of which shall be deemed as an original, but all of which taken together shall constitute one and the same instrument. This is the only agreement between the parties with respect to the subject matter hereof, and shall be construed under the laws of the State of Nevada. +9. The signatories below agree to accept signatures transmitted by facsimile as a true and legally binding original document. This Letter of Intent will not be effective unless signed by both parties on the date first above mentioned. Representing CLX Health, LLC Joint Venture + +**Here is the link to the ENTIRE LOI:** + +[https://backend.otcmarkets.com/otcapi/company/financial-report/248195/content](https://backend.otcmarkets.com/otcapi/company/financial-report/248195/content) + +**Details about the merger and the companies involved:** + +CLXHealth also included in their bio, and I quote, “this account to be updated on or before July 15, 2020.” This is the same exact date the merger is supposed to close. + +For ones that do not understand what is going on here, **Patient Access Solutions ($PASO) will become CLXHealth.** + +**CLXHealth will also be set to partner with TransUnion, Sirius IQ, and UST Global**. + +Link: [https://solutions.transunion.com/healthy-america/resources/file/healthy-america-project-plan-2020.pdf](https://solutions.transunion.com/healthy-america/resources/file/healthy-america-project-plan-2020.pdf) + +CLXHealth on twitter also just followed **TransUnion, Sirius IQ, and UST Global.** Coincidence? I think not. + +**What is Sirius IQ?** + +In a statement made by them, quote: “SiriusIQ is focused on next-gen Master Orchestration and Automation of data to streamline business processes, conversations, analytics and more. SiriusIQ based solutions are faster, better and smarter and integrate Native Cloud Services, Human-Assisted AI, Continuous Integration Continuous Delivery of Data and Subject Matter Expert Collaboration. A graduate of Microsoft BizSpark Plus incubator, SiriusIQ has been named a 'Cool Vendor' by Gartner and a 'Hot Vendor' by HfS Research. For more information, visit us at [https://www.siriusiq.com](https://www.siriusiq.com/).” + +**What is UST Global?** + +In a statement made by them, quote: “UST Global: is a multinational provider of Digital technology and transformation, IT services and solutions, headquartered in Aliso Viejo, California, United States. The Company has 23,000 employees and offices in over 25 countries including USA, India, Mexico, UK, Malaysia, Philippines, Singapore, Spain and Poland. UST Global has oriented its services around the following major platforms to offer our services in a Business Platform-as-a-Service (BPaaS) model while continuing to support enterprise-class customers with more traditional IT and BPO services. [https://www.ust-global.com](https://www.ust-global.com/).” + +**What is TransUnion?** + +To start off, **TransUnions stock is currently trading at $84.13** as of market close on July 14th. They have a 16 billion market cap, and 700 million in Q1 with a PE ratio of 46. + +This is a description straight from their company: “TransUnion is an American consumer credit reporting agency. TransUnion collects and aggregates information on over one billion individual consumers in over thirty countries including "200 million files profiling nearly every credit-active consumer in the United States". Its customers include over 65,000 businesses. Based in Chicago, Illinois, TransUnion's 2014 revenue was US$1.3 billion. It is the smallest of the three largest credit agencies, along with Experian and Equifax.” + +Moving on… + +They have also recently followed **Chile MFA, Itamaraty Brazil, Digital India, and Saudi Arabia**. You can interpret this any way you want. + +To add on to the merger, all CLX Health social media sites were updated with the new logo today. After the twitter followers and their activity on social media, it is clear to see what is happening here. + +CLXHealth also just tweeted out at exactly 7:36 PST today, and I quote, “**HealthyAmericaTM is COMING**.” + +Link to the tweet: [https://twitter.com/CLXHealth/status/1283047772913106948](https://twitter.com/CLXHealth/status/1283047772913106948) + +**Why is this important?** + +You can see for yourself: [https://solutions.transunion.com/healthy-america/resources/file/healthy-america-project-plan-2020.pdf](https://solutions.transunion.com/healthy-america/resources/file/healthy-america-project-plan-2020.pdf) + +**Conclusion** + +With $PASO reverse merging with CLX Health and being backed up by 3 HUGE companies that boast great revenue will be HUGE. Listen to the DD. Do your own DD. Figure out for yourself. Read the LOI. Read ALL OF THE DD. This will be huge. This will be an opportunity that one should not miss. Decide for yourself. Will you take the risk? The leap of faith? It is up to you... +Is there a financial incentive for companies to pay more to their employees in super as opposed to their standard salary? Why would you as an employee want say an extra 5k in super compared to 5k in salary? +"Since we're kind of taking down Ethereum infrastructure and things may not update, just wanted to say that we revealed the hidden cap and that it is 275,000 Ether" +Have you seen any post titled "**Lightbulb: What is it and how is it different from Oil Lamp**?" recently? + +No right? + +This type of article only appears when we are super early! The average person does not know what on earth is Ethereum, yet! + +Source: [https://www.cnbc.com/2021/05/10/ethereum-what-is-it-and-how-is-it-different-to-bitcoin.html](https://www.cnbc.com/2021/05/10/ethereum-what-is-it-and-how-is-it-different-to-bitcoin.html) + +# Ethereum: What is it and how is it different from bitcoin? + +**PUBLISHED MON, MAY 10 2021 7:35 AM EDT UPDATED MON, MAY 10 2021 11:50 AM EDT** +I'm a US resident. I recently sold in Crypto space, bought some ETH with BTC and have bought some NFTs. So, this is the first time that'll affect my Crypto Taxes. I've also held shit coins from different networks. I tried doing my taxes using a few softwares, one of them was Koinly. It seems like it doesn't treat shitcoins from different networks very well. They are showing my net worth in million dollars, which is not correct at all. I also have some major exchanges and wallets that this software doesn't support. + +Can anyone recommend to me what you use and what has worked well for you? I'm looking for something that can handle shitcoins, NFT taxes and also have options for major exchanges like Coinbase and Binance. +https://www.benzinga.com/general/entertainment/22/06/27596067/whats-in-ryan-cohens-portfolio-just-these-two-stocks + +While not much is known about the personal life of Cohen — like his wife’s name, and even his age is disputed — we do know what his venture capital firm, RC Ventures is doing. + +According to its website, RC Ventures is a seed and venture capital firm that invests in early-stage companies in high-growth emerging markets. Most of the companies RC Ventures has invested in are located in Bangladesh and Thailand. Here is the list of companies Cohen's firm is helping to scale: + +So I check where their source of information was for this + +https://rc.ventures/news/ + +These idiots do the bare minimum research and thought Ravid Chowdhrys company in Bangladesh is Ryan Cohens, sharing the same name. + +Fucking hell it took 2 seconds to google the facts. + + +Benzinga should remove this article IMMEDIATELY and apologise for not researching even with the bare minimum to fact find material for their misleading articles. + +GG MSM LZZ +I'm going to be posting this to /r/legaladvice as well considering my situation involves running for the hills and divorcing an emotionally abusive spouse. Anyway, onward to my situation . . . + +I got married in 2011. About six months after getting married I found out my husband was a drug addict (heroin), and had most likely been an addict since the day I met him and well before. We had partied during the time we were dating, but he never let on that he was addicted to opiates. He barely drank, but did occasionally smoke weed and we took acid back in 2009 and 2010 on rare occasions. Looking back I can see the signs now, but at the time nothing tipped me off that something was wrong. + +I've been married to him now over 7 years, together over 10. When I moved in with him before we were married I should have seen his manipulative behavior for what it was but, again, didn't see the signs at the time. I have no idea why I was so blind, but I let him convince me into overdrawing my accounts, maxing out cash advances on my credit cards, all so that he could have money for "gas" for work or cigarettes. I went months without proper clothing for work, shoes falling apart, unable to afford basic health and hygiene products. I watched as I maxed credit card after credit card out just so I could eat or have sanitary napkins (pardon the TMI). During through the financial issues and the emotional manipulation and abuse, I met someone online here who was going through the same thing. She lived a few towns over from me, and her story was practically the same. She was worse off financially than me, and he was more abusive based on what she told me but I found some comfort in finding someone with a similar story. The reason why I'm posing here today is because after she posted a vent/update in r/divorce where both she and I lurked quite often, she ended up being practically torn apart for posting periodically for 4 years off and on and not "just leaving" her husband. Less than 24 hours later she deleted her account and took her own life. She'd been depressed for years, and I think this coupled with a few things that had happened that day just pushed her over the edge. She was 30. + +The reason why I'm posting this is because I've been terrified I'll end up doing what she did. Financially I'm a mess. I've been able to pay off a few credit cards, but the damage to my credit is going to take a long time to repair. I alone make just under 2k a month, my husband makes more than double that. Yet due to his drug habit and my bills, we're scraping by paycheck to paycheck, and usually going into the red thanks to the overdraft protection on my account. I have, including my car loan, nearly 30k in debt. I have three cards maxed out and several others that I've been able to refrain from touching so I can pay them down. Rent is 750 monthly, utilities a little over 200 monthly during winter and summer months due to heat and AC. I also have rental insurance for 40 a month, car insurance for 240 a month (he's on my insurance). Internet is 89 monthly. Phone for both me and him is 150. I look at all these and when I add up everything, plus cc debt I would be in the red. I have been able to sneak some money away into a savings account to afford either A.) a lawyer or/and B.) a down payment for a place of my own or 1st and last for an apartment. It will take me months and months to get anywhere significant with the savings but it's money he can't touch. I could make a down payment on a prefab/mobile home in a nice area in about a year, depending on my situation then. + +I apologize for the wall of text, but wanted to add some context to this. I've got a basic outline of what I want to achieve in the next two years, but it's slow going. I'm a bit impatient since the STBX is getting worse as time goes on and I just want to be done. So, any advice would be appreciated. +link to article: http://www.businessinsider.com/early-retirement-playbook-from-26-year-old-2016-9 + +I immediately thought of this sub after seeing this title. One thing that jumped out at me was that I think there's many people here around that age that have more than 150k saved up. + +Thought it's good read for some perspective. + +EDIT: I just realized this article could be a front to advertise this Mr. MyMoneyWizard's blog. +CR again crushed Tesla in their reviews. Yet owners all swear by them. What gives? + +&#x200B; + +The Teslas in the competition -- a Model S, a [Model 3](http://www.cnn.com/2021/06/30/business/tesla-model-3-consumer-reports-top-pick/index.html) and a Model Y -- were hampered by quality problems. + +At one point, the cruise control system on the Tesla Model Y abruptly stopped working with no warning, said Sharon Silke Carty, Car and Driver's editor-in-chief, in an interview with CNN Business. + +"All of a sudden I was going 30 in the middle of the highway," she said. + +The touchscreen system, which is critical because it operates most of the Tesla's controls, stopped working not long after the car arrived for testing, the review said. Car and Driver also noted poor fits between parts and a "grating squeak" from the rear seat. + +The Model 3 had a large gap around the hood, Car and Driver noted. Another Tesla they tested, [the Model S](https://www.cnn.com/2021/06/21/success/tesla-model-s-plaid-motortrend/index.html), only had 3,600 miles on it but its front motor failed. It was repaired and the car continued the tests, but the incident ended its chance of winning the award, Car and Driver said. + +Tesla, which generally does not respond to media inquiries, has not answered CNN Business's request for comment on the Car and Driver report. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +*gobble gobble'n up those shares* 🎃🦃 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Every now and then, a pennystock comes around that makes you think: How the hell is this a pennystock? How is this valued under $10? + +Well my coworkers and I have been trading for a long time, and this is very likely one of them. + +\--------------------------------------------------------------------------------------------------------------------- + +$OSS, One Stop Systems, since its IPO in 2018, has been silently building a tech arsenal behind our backs. + +&#x200B; + +(*You're gonna lose your literal mind when you read the next part:*) + +&#x200B; + +**They are officially partnered with:** Apple, Nvidia, Intel, AMD, Boeing, IBM, Lenovo, HP, Lyft, Puma, Toshiba, Thunderbolt, Universal Audio, Focusrite, and Cisco etc... These are only 15 of their 50+ major international partnerships. + +*(yes, this is a pennystock.)* + +https://www.onestopsystems.com/partners + +**U.S. Military:** On top of this, OSS also has multiple million-dollar contracts with the U.S. Navy and U.S. Military, as they provide the pre-constructed systems and power required for AI intelligence, DLSS, and large scale data transfer. + +*(This sub goes batshit crazy when a pennystock lands even ONE of the above partnerships. They have more than 50 already in motion.)* + +&#x200B; + +&#x200B; + +**What do they do? What makes them so special?** + +OSS in layman’s terms is a company that takes top-end processors and GPUs, and uses their PCIe gen 4.0 expansion technology to merge them into a military-grade/data center supercomputer. + +But aren’t there many companies that can do this? No. They are the only company in the world with a PCIe 4.0 expansion system that can support NVIDIA’s top end GPU’s. (*Nvidia A-100*) + +This means that they own nearly 100% of the market share in Nvidia's latest PCIe GPU technology. + +*(PCIe gen 3.0 is the only other option, but is 50% slower than PCIe 4.0.)* + +&#x200B; + +&#x200B; + +**What else makes them so special?** Their Financials. + +Compare their financials to the pennystocks we always talk about on this subreddit. It’s absurd. They generate a lot of revenue. + +OSS's latest 10-K showed a record $ 60 MILLION in revenue, a 57% increase YoY. + +Some of the biggest companies in the world like Amazon, took over 10 years to make their first dollar. + +OSS is only on YEAR 2 and they are only $1 MILLION away from becoming a profitable operation. + +&#x200B; + +**How is this possible?** Three reasons: + +1. They completely dominate the high-end PCIe sector of the tech industry. I challenge you to find a single other PCIe 4.0 expansion system on the market. +2. Their CEO David Raun has led two companies to record revenues in the PCIe and NVMe industry, and one was bought out by Broadcom. +3. They are at the forefront of far too many industries that require this level of technology. (see below for a few examples) + +\--------------------------------------------------------------------------------------------------------------------- + +They are the preferred OEM for Nvidia: + +[OSS Introduces the World's First and only PCIe 4.0 Expansion System for Nvidia.](https://finance.yahoo.com/news/oss-introduces-world-first-pcie-150010777.html) + +[OSS and Nvidia](https://www.onestopsystems.com/nvidia-gpus) + +[Official PR from NVIDIA](https://nvidianews.nvidia.com/news/worlds-top-system-makers-unveil-nvidia-a100-powered-servers-to-accelerate-ai-data-science-and-scientific-computing) + +&#x200B; + +U.S. Military Defense: + +[OSS Military Defense, Navy, Air, and Ground forces.](https://www.onestopsystems.com/defense) + +[Latest Order from U.S. Navy](https://ir.onestopsystems.com/press-releases/detail/163/oss-orders-for-new-u-s-navy-ai-threat-detection-system-top) + +&#x200B; + +AI Learning, DLSS, and Self-driving vehicles: + +[OSS Reveals World's First Solution for AI Learning that incorporates NVIDIA GPUs and ARM-based servers.](https://www.globenewswire.com/news-release/2019/11/19/1949447/0/en/OSS-Introduces-Industry-s-First-Solution-Incorporating-NVIDIA-GPUs-with-NVLink-and-Marvell-ThunderX2-Arm-based-Servers.html) + +[OSS AI on the Fly](https://www.onestopsystems.com/ai-on-the-fly) + +&#x200B; + +Machine Learning:[ OSS Machine Learning Systems](https://www.onestopsystems.com/machine-learning) + +Medical:[ OSS Medical Pre-built Systems](https://www.onestopsystems.com/medical) + +Oil Industry:[ OSS Oil and Gas Industry Systems](https://www.onestopsystems.com/oil-and-gas) + +\------------------------------------------------------------------------------------------------------------------------ + +There are about a hundred more links, presentations, and conference calls that could be added to this post, but it would simply make it too long. *(We will be releasing follow up posts throughout the week to break up the information.)* + +$2 for a pennystock generating $60 million of revenue in its second year? + +$2 for a company that literally dominates an entire section of its industry? + +$2 for a company that is partnered with over 50+ major companies? + +$2 for a company that literally makes DOUBLE its ENTIRE MARKET CAP? + +&#x200B; + +When Vanguard increases their holdings by 103%, something's up. + +&#x200B; + +*(Further in-depth analysis will be posted tomorrow and throughout the week.)* + +A few of the topics to be covered are: product and competitor assessment, corporate presentations/conference calls, and financial breakdown. There is a lot to cover. + +Good luck to all and have a great week. + +&#x200B; + +*^(This post is brought to you by the Sizzlin’ Stocks Team. Everything presented is research based on a wide array of publicly available information and individual interpretation; it is not financial advice. We recommend everyone do their own DD to verify what you read on the internet.)* +[Link to pre-proposal](https://www.reddit.com/r/CryptoCurrencyMeta/comments/q259r1/proposal_reduce_contribution_points_gained_from/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +**Proposal:** + +Reduce contribution points gained from link posts by 35% + +**Summary:** + +My proposal is that link posts have their contribution points reward reduced by 35%. + +**Why is this needed:** + +Link posts clog up [r/cryptocurrency](https://www.reddit.com/r/cryptocurrency/) and reduce quality of content significantly. There is also a huge problem with reposting the same or similar articles. Right now, there is incentive to do this, as repeatedly posting article links with no other contribution to the post is an easy way to farm moons. Reducing the contribution point reward for doing so should help solve this issue along with cut down on reposts of the same or similar article. + +**Proposed Solution:** + +Reduce the contribution points gained from link posts by 35% + +[View Poll](https://www.reddit.com/poll/qh7ywl) +The text was removed, so here is the initial question I asked yesterday: + + +> With many notable Ethereum-based services being developed, the token actually plays a role in the service provided. Thus, demand for the service will be the baseline value for the token. These tokens are also built into the various services and governed by the rules of the code. + +> With ICN effectively being decoupled from Iconomi, and no built-in rule set that takes the human element out of things, what is the actual purpose of this token now? + +> I understood the dividend aspect (though I assumed it was baked into the actual code - my fault). That made ICN an attractive proposition. + +> However, with the dividend removed and now that Iconomi has received their start up funds, what purpose does the ICN token serve now? + +> If the company said "screw it" and went their own way, would all the investors be left holding the receipt for their startup capital, with nothing to show for it but a no-purpose token? + +> I hope I am missing something obvious. + +Here is the link to the discussion: + +https://np.reddit.com/r/ICONOMI/comments/63j3o5/so_what_actually_gives_icn_value_now/?st=j15ksoap&sh=4b6ee496 + +This thread was met with quite a bit of down vote force for most of the day, before being removed all together. + +Just wanted to pass this along, because I know a lot of folks around here have some serious money tied up in these high risk investment opportunities. + +ADDED: This post was just removed from /r/iconomi as well: +https://np.reddit.com/r/ICONOMI/comments/63n2ql/how_is_iconomi_systemically_or_legally_bound_to/?st=j15lvvo9&sh=b9e5332b +In the past several hours, UST stablecoin lost its peg and dropped to as low as 69c to the dollar. As a result, the Luna token also saw severe drawdowns and the entire market braved volatility. + +Here is an explanation of what happened to UST/Luna: [https://twitter.com/jonwu\_/status/1523793482850050048](https://twitter.com/jonwu_/status/1523793482850050048) + +Other articles: [https://www.coindesk.com/business/2022/05/09/ust-stablecoin-falls-below-dollar-peg-for-second-time-in-48-hours/](https://www.coindesk.com/business/2022/05/09/ust-stablecoin-falls-below-dollar-peg-for-second-time-in-48-hours/) + +[https://decrypt.co/99849/terra-stablecoin-peg-slips-despite-loan-bitcoin-reserves](https://decrypt.co/99849/terra-stablecoin-peg-slips-despite-loan-bitcoin-reserves) + +Additional resources: r/TerraLuna (the official sub-reddit) + +Note: Since this is a Megathread topic, general posts on this topic will be removed and directed to the megathread. +I’ve been researching lately and came across platforms for cryptocurrency and real estate such as “Coinbase”, “Poloniex”, and “Fundrise”. I am new to this concept, and I don’t know where to start. Where and how do I start investing at this age, especially with limited amount of money. Since I will be attending college this fall, I’m thinking about majoring in economics and minoring in computer science because why not? + +Update: Although I won’t be able to read and reply to all the comments, I very much appreciate all the advice and kind words everyone! I have taken many precautions thanks to all of you. Now all that’s left is for me to put it all into practice and hope this thread helps many others in the same situation. I’ll stay posted on my progress +#Edit 7: [The Terra Blockchain has been halted as of block 7607789](https://twitter.com/terra_money/status/1524935730308456448?s=21&t=tp_mzSrOnIx7yuGQpYxd-Q) + +#There was a circulating supply of 11.28B UST and a circulating supply of at least 6.87 Trillion Terra at the time it was shut off. It’s unclear what happens to the $11.28B in UST but I’m going to presume it’s dead. + +Edit6: CMC had a glitch where the price of Luna is not displaying correctly. As a result market cap is showing 20B they manually moved it into the 200 range. Also Binance delisted Luna. + +^(Edit 1-5 moved to bottom of post) + +—————— + + I've been following the state of Luna over the last week and have a number of posts on it - with my most recent one from yesterday - warning people not to buy the dip. I've been trying to figure out what to expect next and if ever would be a good time to invest in Terra. + +What do you need to know - + +* UST and Luna price are directly related - You can burn Luna and mint UST, or you can burn UST and mint Luna. On May 8th (not including any fees you could burn about 60 UST ($60) to get 1 Luna ($60) - when UST started depegging people became financially incentivized to burn UST and convert it to Luna - increasing the supply of Luna. Since demand isn't keeping up with the increased supply - the price of Luna is continuing to crash. Currently with 1 UST worth $.55 and 1 Luna worth $.0058 (not including fees you can mint 330.57 Luna for $1 (true dollar) of UST. +* Prior to the depeg there was a circulating supply of 18.6B UST. Currently there is a circulating supply of 11.9B UST. Meaning it only took 36% of the supply of UST to drop the price of Terra from $60 to .006. a 99.9999% drop. There is still 64% of the total UST that hasn't been removed/converted back to Luna. There is still a long.............. way Luna can fall. +* Why would someone convert UST back to Luna? Because UST is worth $.55 and it can be converted to $1 of Terra. No guarantee it will be worth that though by the time you get/sell it (you could even lose money trying assuming the price of Terra continues to drop) +* The [circulating supply of Luna](https://messari.io/asset/terra/chart/sply-circ) is up 425% in the last three days and likely to increase further and significantly faster as the depeg remains off and money flows out of UST into Terra further exponentially increasing the supply and dropping the price of Terra. +* A lot more Terra is being minted for every UST now than yesterday. Yesterday for every $1 (true Dollar) of UST you'd get about 1-2 Luna today that's 330 and it's going to continue to increase at a faster and faster rate as the price of Luna falls. This is the death spiral of Luna and why investors shouldn't think they're getting Luna for cheap. +* If the total marketcap of UST was lower maybe Luna could have survived this above $1 eventually people may have ran out of UST to burn for Luna and maybe you'd be ok buying it in case it ever recovered (this is likely part of why the last two depegs didn't crush Luna - the marketcap of UST was still relatively low enough Luna was able to weather the influx of UST burns. + +Speculation. What isn't clear is will people stop buying Luna. I mean if you get 10,000 Luna for $1 are some people going to buy it in case it ever "recovers?". If so will the people buying be able to continue to support people in UST trying to get out of the asset, or will people stop buying Luna if it adds another 10 decimal points (speculation) if so what happens to the money in UST? - does 11.9B stuck in UST became worthless if people aren't buying Luna? Eventually when this is all done with does Luna have a future without UST? + +\-------------- + +None of this speculation is entirely clear, but what is clear - is.. UST is suffocating Luna and it could potentially become worthless unless people continue to buy Luna despite the number of decimal points it's going to quickly start adding. + +Last note UST has 11.9B stuck in and it's supported/can be exchanged for Luna which has a marketcap of roughly 16.6M-50M depending on the platform. + +Final Final note - some of the numbers are not perfectly correlated in different sections because the price was fluctuating while I was writing this. + +\--------------- + +TLDR: Be prepared for Luna to drop alot farther $1 can now mint multiple hundreds of Luna and that will likely increase to thousands soon. + +—————— + +~~Edit: [Breaking Luna blockchain has been halted](https://www.theblockcrypto.com/post/146615/terra-blockchain-halted-to-protect-against-possible-attack). I’m not familiar with details of that yet, but read below for my initial post.~~ The blockchain has resumed without staking + +Edit2: multiple sources are saying circulating supply is actually 33B+ a 10,000% increase from the prior amount of 343M since May 8th. + +Edit3: according to the link in the top comment supply is 50B now up 50% since this was posted…. + +Edit 4: if ops top comment is to be believed we’re at 227B total supply of Luna now. Up 7x from when this post went live. + +Edit 5: We just hit 1 trillion in the circulating supply of Luna. Like 20 minutes later we’re now at 2.43 Trillion..3 Trillion +If you're not in bear gang, it's not too late to join, and I suggest you do so promptly because shits about to hit the fan frens. That being said, I plan on riding the "V" down and up on this one, and lastly, if you're a perma bull you're in luck I've got some companies at the bottom that I think will go up over the next few months. + +**What's about to happen:** + +Let's stick to the facts and correlate this puppy to a similar outbreak; H1N1: "*From April 12, 2009 to April 10, 2010, CDC estimated there were 60.8 million cases (range: 43.3-89.3 million), 274,304 hospitalizations (range: 195,086-402,719), and 12,469 deaths (range: 8868-18,306) in the United States due to the (H1N1)pdm09 virus... Additionally, CDC estimated that 151,700-575,400 people worldwide died from (H1N1)pdm09 virus infection during the first year the virus circulated* " [\[1\]](https://www.cdc.gov/flu/pandemic-resources/2009-h1n1-pandemic.html) + +Since H1N1 got memory holed and everybody forgot about it, the virus became a modern flu, we have flu shots for this thing and chances are you've probably had it at one point or another -- it's just one of the flues that floats around each season. But the Corona is different... + +First off, this thing already has a reproduction rate higher than any of the previous outbreaks in the last 150 years [\[3\]](https://en.wikipedia.org/wiki/Template:Notable_flu_pandemics). AND it's one of the most deadly -- however only to certain age groups which is a big difference [\[4\]](https://www.worldometers.info/coronavirus/coronavirus-age-sex-demographics/). Now I do want to make it clear that the Spanish Flu was a lot deadlier to healthy adults, also the age demographics have changed. StatsCanada actually has a good tool that shows the population pyramid and you can compare Spanish Flu in 1918 to 2020 and it'll have some similar-ish results to the USA [\[5\]](https://www12.statcan.gc.ca/census-recensement/2016/dp-pd/pyramid/pyramid.cfm?type=1&geo1=01). There's also population pyramid tool here for the USA but it only goes back to 1950 [\[6\]](https://www.populationpyramid.net/united-states-of-america/2020/). + +Buddy of mine with access to a Bloomberg terminal sent this to me the other day which tracks the spread of the Corona virus [\[7\]](https://imgur.com/a/O4J6cuc). Think the code is 'Map Virus' or something. What matters is that we can see a very obvious trend of exponential growth, in fact that's how you model these things... This thing will spread like wildfire once it starts to hit the cities in America, and... already has. [All it takes is one 'chad spreader'](https://imgur.com/a/N542fqR) to jump on the subway and it'll be a matter of weeks and the entire city is infected. In fact it's already happened in Toronto so buy puts on $CANADA [\[8\]](https://www.theglobeandmail.com/canada/toronto/article-toronto-man-diagnosed-with-covid-19-used-local-transit-for-three-days/). + +What matters is that we can see that something like \~60.8 million people who got H1N1 in the USA from 2009 to 2010 and this thing had an r0 of only like \~1.5ish. The bat soup virus currently has an estimated r0 at \~2.4 right now, mind you this is a number that varies through time and can decrease by human intervention (such as quarantines of cities), which will inevitably transpire... + +If we assume that this thing spreads with even some level of similarity to H1N1 in 2009, this is going to be a bloodbath for the boomers. First and foremost, this will spread at a much higher rate among boomers and those in old folks homes, we've got evidence of that already [\[9\]](https://www.fox19.com/2020/03/07/coronavirus-concerns-stalls-cruise-ship-off-california/). + +But that's not all. Italy is fucked. They just announced a quarantine of 1/4 of their fucking population [\[10\]](https://www.theguardian.com/world/live/2020/mar/08/coronavirus-live-updates-third-death-in-australia-as-cases-reach-more-than-70). Take wild guess how that's going to fare for their economy. The FTSE MIB is down shy of 20% from it's highs as it stands right now and its only going to get worse [\[11\]](https://www.marketwatch.com/investing/index/i945?countrycode=it). Given that the Italy is basically a leading indicator of what's going to happen in the USA... I fucking DARE YOU to buy spy calls. + +So let's get to the nuts and bolts of this. Some autist named Dr. James Lawler stated that worst case scenario this thing could infect 96m in the USA and kill 480,000 people [\[12\]](https://www.independent.co.uk/news/world/americas/coronavirus-dr-james-lawler-warning-us-hospitals-infection-a9385031.html). However, funny enough his estimates are based on a mortality rate of 0.5%. The current mortality rate is \~3.5% so, rather, we could be looking at up to 3,360,000 dying in the USA if the mortality rate is what it currently is. + +However, we can math this based on the population pyramids I posted above. In the USA if we take the known mortality rates and population pyramid and transpose that on the worst case scenario, we're looking at shy 1.9m dead (mostly older people) given that 30% get the virus in the next year [\[13\]](https://imgur.com/a/vfOz0Nf). If this spreads at the same rate as H1N1, then we're looking at a total of \~60.8 million infected in a year's time. This corresponds to \~18.6% of the population getting it and would result in \~1.16m people dead [\[14\]](https://imgur.com/a/WUDaMza). + +Now, I'm willing to bet that my boy Donnie isn't interested in losing a massive chunk of his voting block so I'm betting that we see quarantines very soon in the USA, entire cities shut down just like we've seen in China and just like we've seen in Italy and Iran. It's going to happen and when it does, the lemmings will be shocked. I mean, this shouldn't come as a surprise, there's already runs on toilet paper in Australia over this thing [\[15\]](https://www.aljazeera.com/news/2020/03/australians-scrap-toilet-rolls-coronavirus-panic-buying-200308014116516.html). + +Anyways, I think we'll get a cure eventually and that everybody reading this will be fine, in fact I'm not a doomer whatsoever. Society will continue on and SPY will eventually recover and I'll join bull gang again, but I'm sure Monday will be a bloodbath after Italy quarantined like 16 million people. + +But back to my point, just think about what'll happen to SPY when a US city announces a quarantine. They're already preparing for it by declaring states of emergency now [\[16\]](https://www.governor.ny.gov/news/no-202-declaring-disaster-emergency-state-new-york). The fear will be real and it already is... + +**EDIT:** Figured I'd add a bit more on Canada as I don't think it's priced in up there quite yet. Again, I took some numbers from StatsCanada [\[17\]](https://www150.statcan.gc.ca/n1/pub/91-520-x/2010001/t334-eng.htm) and plugged them in against current known mortality rates and we ended up with this [\[18\]](https://imgur.com/a/YBX7XFV). Estimated 234k dead which... is bad, but that's a flood of dead people in a short amount of time. Also I assume a 30% infection rate but I think this things going to have a much high infection rate because of the fact that we corral all our old into old folks homes... it just takes one sick caretaker and they've all got it and the worst part is that you can have it and spread it without even knowing [\[19\]](https://www.businessinsider.com/coronavirus-asymptomatic-transmission-chinese-woman-relatives-2020-2). So this basically becomes a catch-22. If elderly care takers don't show up to work because they're sick, elderly people die, if they do show up, there's a chance they're giving them COVID-19, it just takes one and they'll all catch it... real morbid stuff. Basically each old folks home is a tranche in a CDO for the few of you retards that know what I'm talking about... + +So how do we profiteer from this? And what will inevitably transpire? + +**EDIT 2:** [SPX e-minis currently trading at shy of -5%... we're hitting the circuit breakers tomorrow. Fed will drop rates again by end of week.](https://www.marketwatch.com/investing/future/es00) + +**Conclusion:** + +I know half of you retards skipped to here but kudos to the champions that read everything I wrote. + +1. General stock market decline, puts on $SPY or high beta stocks if IV isn't too high +2. for my perma-bull frens, calls on funeral home and burial companies: $SCI, $CSV, $MATW, $PLC:CA, $DTY:UK, etc. **EDIT:** (as u/dollarsandcents101 pointed out be careful on funeral homes... could ban funerals if this thing really get's going) +3. Puts on old folks care homes because those are probably going to be vacant here very shortly and thus less cash flows to investors... stocks like: $WELL, $VTR $OHI, **EDIT:** $CSH.UN:CA (Canadian, option chain is a lot less liquid than USA so... be careful), SIA:CA (another one, already crashing, has options, less liquid though) +4. I'm still bearish airlines and travel... I mean go look at the chart of $AAL. After 9/11 that stock went from $40 a share to literally $2 a share... in 2003. The same thing happened during the GFC, stock again went from over $40 a share to a fucking penny stock -- traded at like $0.30 per share. Get ready for round 3... I look forward to buying calls on airlines after this is all over. +5. bearish any developing country/emerging market ETF's. They're going to get hit hard. +6. I don't know anything about medical or medical research stocks but calls and puts on companies researching corona virus cure. Again... correct me if I'm wrong but to my understanding it's zero-sum, the company that gets a solid cure makes bank and the rest are fucked but again idk this isn't my area whatsoever. Also looks like a lot of these stocks are rocketing and IV is massive so I'm sitting on the sidelines on this one + +If you're from r/all wanting to get in on the tendies, I saved a special one just for you! Go all in on $LVS 80C 3/13 calls, trust me. Cannot go tits up. +I really did not want to make this post because I know everyone by now is sick and tired of property posts but this issue has been on my mind for a long time now since this is literally my future. I've made my vents so I'm going to skip the whinging and I'm sure many people are 'unhappy' about the current prices to say the least. + + +So the question is what now ? Do we keep living with our parents forever (for those who still live at home) ? Rent for life ? Invest in ETF's/share sand hope that we can buy outright with our portfolios or somehow live off them in our retirement years and hope we don't get evicted every year ? Move to another state or county ? Bite the bullet and settle for questionable apartments and townhouses ? Or take on inter generational mortgages and pass it down to our children and grandchildren ? + + + +I don't see anything changing due to the vested political and financial interests in property prices so I'm not holding my breath hoping for a 'crash' that has been wrongly predicted so many times. So singles, couples, families, Gen x and boomers who missed the gravy train and anyone who has been priced out of Sydney and Melbourne, What now ? For those who did something, what did you do or are currently doing ? + + +Thank you for your time and have a great day. Take care now. + +PS + +These posts tend to get very heated since its a case of 'my investment and financial gain' vs 'my livelihood' so please be nice to each other and try to have empathy for your fellow man and woman. +So, I'll admit I've been very lazy with having a will, partly because effort but also because I've not managed to come up with a good solution of who to leave things to. + +As stated above in the title, Single income, no dependants. + +I have a decent investment base/life insurance and always thought that it would go to mum, but the older I get the more I wonder if that's a good idea. + +I don't have a great relationship with my brothers, they have never really supported me so I don't want them to get the fruits of my hard labour - By leaving things to mum, I am essentially leaving them to my brothers (mum is quite comfortable financially). + +I have considered my niece and nephew with some conditions around accessing (to make sure it went to them and my brother didn't try to take it for himself), as well as friends that have been long term in my life and to be honest, more like brothers to me. + +Then of course there is charity. + +What have you other SINKs with a slightly dysfunctional family dynamic come up with? + +Edit: I'm 32 (I didn't realise SINK implied I was 40+), so yes this is subject to change if I find a partner or have kids :) +With all the developments, opportunities and ways to make money and live and behave. I sometimes feel that i am running out of time. + +I’m only 19 i know but everyone seems to be getting rich. I have deleted tik tok and all social media. I’m trying to get an internship after doing a commerce diploma and i just feel like i’m doing something wrong that no one else is. + +People seem to be going out making friends and here i am not doing as much. But i’m trying my best i know that and i try to improve and progress. + +but this anxiety of feeling left out, how does one combat it. +I posted several months ago about how inflation will cause a downturn in the stock market. Too many of you autists thought that the market was a good hedge against inflation and I was wrong. Wrong! It's a good hedge against forecasted future inflation...until inflation actually affects earnings, consumer demand, and interest rates. + +But what you don't understand is that government inflation data is seriously time lagged. Let me give you an example in the industry I am in...automotive. We make parts for vehicles. Component level. These get into sub assemblies and then final assemblies. + +The cost of steel has gone up for these components 80% since Jan 1 2021. + +The cost of labor has gone up 15%. + +The cost of packaging including skids has gone up over 100%. + +The cost of oil is up 40%. + +The cost of transportation is up 45% for domestic and 85% overseas. + +Many of these costs have not even found their way into the cost of cars due to contracts. Secondly, costs are continuing to rise at exponential rates. + +In 2022 our steel costs will increase by another 40% by Q2. Our packaging costs have already increased an additional 10%. + +What your seeing from government data is time lagged info from more than 6 months ago from a component level. + +By end of 2021, our component pricing increased on average 12%. By mid-2022, it is expected to rise another 20-40%. + +There are now appearing significant insolvencies in the industry. + +You guys have no idea what is coming...future annualized inflation to exceed 10%-15%. +I've been on this forum for a while, and every time it comes up I see a lot of incorrect information about prenuptial agreements. They're a pretty useful/important concept if you're getting married and pursing FIRE, so I figured I'd make a post about them. + +Before we start, though, a disclaimer: I'm not your lawyer. Moreover, I'm not even *a* lawyer. I'm just a guy who's read a lot about this particular topic and went through the process of writing one. If you and your partner are drafting a prenup, you *really* need to have lawyers involved. Preferably an independent one representing each of you. Also, every state has slightly different laws regarding contracts in general and prenups in particular. Pretty much every statement here (and in legal matters overall) come with the caveat of "this may be generally true, but in your state it might be slightly or significantly different." + +First up, the basics. What's a prenup? It's an agreement signed before a couple gets married that can govern a boatload of things that really become important in case of divorce. States have rules for what happens between two people when they divorce. Mostly it's things like how to divide property, how much alimony is due if any at all, how much child support is due, and what sort of custody arrangement there would be. A prenup can supersede some of that and not others (more on that second bit further down). + +The default is usually a 50/50 split of everything earned after marriage (and under some circumstances things from prior to marriage)--property, savings, retirement accounts, debts, custody, whatever. That's often dependent on the length of the marriage (you're generally not giving up half of your possessions to a spouse you divorced after 6 months). [For obvious reasons, a lot of people don't like the idea that they might have to part with up to half of their worth.](https://www.ncpaynelaw.com/blog/2017/04/five-reasons-why-a-prenuptial-agreement-is-a-good-idea.shtml) So a prenup can do things like say what the property split will be, superseding the normal state-mandated split. + +A common prenup arrangement basically eliminates marital property. For example, say a couple buys a house while married. Normally, if they divorce that's the property of both spouses regardless of what the deed might say. So, the former couple has to come up with a way to split it that’s fair (and if they don’t, sometimes the court steps in and decides for them). They can do things like sell it and split the proceeds, one buys out the other’s half of ownership, or one keeps it and it counts towards their half of the overall split of assets. + +In that case, if they had one, their prenup could basically say “no, if they divorce it's the property of the spouse that bought it.” + +That’s really the benefit of the prenup. At the most basic, partners have to consider how they divide things between them. + +A lot of people here seem to be under the misconception that prenups are worthless and judges thrown them out on a whim. [That's totally incorrect.](https://www.cnbc.com/2014/09/03/how-safe-is-a-prenup-breaking-it-up-can-be-hard-to-do-lawyers-say.html) Mostly because of something called the [Uniform Prenuptial Agreement Act.](https://en.wikipedia.org/wiki/Uniform_Premarital_Agreement_Act) A prenup is just a particular type of contract. A divorce is just a civil dispute. Courts generally honor contracts in civil disputes, because it's a whole lot easier than using the powers of the court to force people into doing things they don't want to do. It's really hard for your divorce lawyer to argue that taking a particular action is unwarranted, unfair, or inappropriate when you personally have signed a legal agreement specifically saying that action is fair, warranted, and appropriate. + +However, prenuptial agreements aren't ironclad. [They can and do get ruled invalid and thrown out by courts.](https://www.forbes.com/sites/jefflanders/2013/04/02/five-reasons-your-prenup-might-be-invalid/#74afaf5b19a5) However, you can pretty easily guard against that by taking a few simple steps, because the ones that get thrown out are usually thrown out for very basic and easily avoidable reasons. + +First, both couples need independent legal representation (some states even require it). Why? Because a prenup is a legal contract, and having your own legal representation during its negotiation is the best way to demonstrate that both sides fully understood the implications of what they were agreeing to. + +Having independent legal representation also helps with the second bit: negotiate in good faith. "Good faith" is a pretty well-established concept in contract law, but as it relates to prenups can basically be boiled down to being open, honest, and fair. Courts will not look kindly to a prenup that agrees to a lot of leeway for partner A if partner A hid a bunch of assets when it was drafted to make themselves look poorer than they really were. Courts will also not look kindly on a prenup that clearly makes partner B destitutely poor after divorce. A prenup that says to partner B "You can't work while married and you get no assets, no alimony, and you take on all marital debt upon divorce!" is not going to be upheld. + +[Last, there are some things that prenups expressly cannot cover.](http://family.findlaw.com/marriage/what-can-and-cannot-be-included-in-prenuptial-agreements.html) The biggest one is probably child support. The legal idea is essentially that child support is something owed to the child, so the parents can't negotiate it. But your prenup also can't say things like "we will have sex at least 3 times a week for you to be due alimony." Basically, keep your prenup to financial matters only. +https://www.washingtonpost.com/news/business/wp/2017/09/28/toymakers-say-there-is-widespread-panic-following-toys-r-us-bankruptcy + +> In total, Toys R Us owes $7.5 billion to a group that includes virtually every major toymaker in the country: Mattel (owed $136 million), Hasbro ($59 million), Spin Master ($33 million), Lego ($32 million), Radio Flyer ($12 million), Crayola ($2.6 million). + +I'm trying to "dehype" the clickbait article, but the little gem above discussing the amount of debt owed to Mattel / Hasbro and others is important. +I just dont do anything with my money. + +For context, I'm mid 20s, single, 45k salary, homeowner with about 15k just sitting in easy access accounts. I save around £600 per month. + +I feel so guilty every time I treat myself or buy something unnecessary. I dont even have a wall clock in my house. + +This is the time of my life where I should be enjoying myself and making the most of the pretty fortunate position I'm in but I just cant. + +I'm constantly worrying about what ifs. What if I lose my job and cant find another on similar money? (This is somewhat genuine as I'm paid about 10k over industry standard) Or what if my boiler fails or car? I NEED to have all that money sitting there just in case. + +I know it's not normal because I look around and see everyone else splashing out on nice cars and clothes and holidays but I cant even bring myself to buy a rug for my living room. + +Has anyone else felt this or have any experience with something similar? How did you deal with it? +I've been writing weekly CSPs on $GOOG for income since last April and have twice been deep ITM at expiration. The first time, in Sept, I took assignment, and the second, in Jan, I rolled until the stock recovered. + +Here is a detailed breakdown of the trades for both + +Assignment: + +9/6/2021 STO GOOG Sep 10 '21 $2880 Put $960 - 100 shares assigned 9/10/2021 + +9/13/2021 STO GOOG Sep 17 '21 $2910 Call $730 + +9/20/2021 STO GOOG Sep 24 '21 $2880 Call $140 + +10/4/2021 STO GOOG Oct 08 '21 $2875 Call $125 + +10/11/2021 STO GOOG Oct 15 '21 $2875 Call $470 + +10/18/2022 STO GOOG Oct 22 '21 $2900 Call $720 + +10/22/2022\*\* STO GOOG Oct 29 '21 $2900 Call $1700 - 100 shares called + +Net profit: $4845 premium + $2000 profit on stock = $6825 + +RoC: 2.4% (annualized 19%) Total days held: 46 + +&#x200B; + +Rolling: + +1/3/2022 STO GOOG Jan 7 '22 $2810 Put $760 + +1/7/2022 Rolled to GOOG Jan 14 '22 $2810 Put $1655 (net credit) + +1/14/2022 Rolled to GOOG Jan 21 '22 $2800 Put $2470 (net credit) + +1/21/2022 Rolled to GOOG Feb 4 '22 $2800 Put $3300 (net credit) + +2/2/2022\*\* BTC GOOG Feb 4 '22 $2800 Put ($65) + +Net profit: $8120 premium + $0 profit on stock = $8120 + +RoC: 2.9% (annualized 52%) Total days held: 18 + +\*\*earnings week + +Obviously, this isn't an apples-to-apples comparison, but it's a real-time look at how rolling vs. assignment can playout for the same ticker in similar circumstances. In both cases, I was assigned because of a sharp general market pullback that resulted in a deep ITM position and I was able to exit the position because of a sharp run-up on earnings. + +One major difference is that the starting CSP in Sept was closer to .30 delta and ended up deeper ITM (as you can see by the small to nonexistent CC premiums in the middle weeks as I tried to write above my cost basis) than the Jan CSP, which was .16 delta. With all of the recent chaos, I have adjusted my target annual return to closer to 12%, versus the 20% I was aiming for when GOOG was in a strong uptrend. + +I know that the question of "why not just buy and hold" may come up and the answer is, this is an income strategy not a capital appreciation strategy. +Which one of you sold this GME Jan 20 '23 **10.00** Put for **13.35** on 1/27? + +This is like buying a 2 year insurance for a 100k house for 133.5k. I bet there were a few of these sold north of $10. + +This is literally the definition of free money. Thetaganger's wet dream. + +How can we find this kind of behavior? I'm not hoping to find gems like these, but I think anything that goes over 50% of strike on CSP would be almost guaranteed profit. + +There must be algos to scan for these or even incite them in some ways... + +I read on here that some of you were putting all kinds of crazy asks with the recent squeeze plays... + +&#x200B; + +EDIT: Forgot a link: [https://www.barchart.com/stocks/quotes/GME%7C20230120%7C10.00P/interactive-chart](https://www.barchart.com/stocks/quotes/GME%7C20230120%7C10.00P/interactive-chart) +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +I have around a 3,000 dollar account and have been doing credit/debit spreads for mainly my entire time trading. Looking to get into PMCC soon but don’t have enough capital. Anything will help. +I have around a 3,000 dollar account and have been doing credit/debit spreads for mainly my entire time trading. Looking to get into PMCC soon but don’t have enough capital. Anything will help. +Hey All, + +Just sold my first set of call options today on SNAP ($12 Oct. 21) calls. Now I just want to be sure I did this properly, I sold two contracts on ToS. I own 200 shares, this automatically makes it a covered call correct? I don't need to do anything else to "write the option" do I? +I plan to apply for Portfolio Margin very soon to mainly sell OTM puts. For those who are on PM account… + +What are your best tips to manage your account? + +What risk management rules do you have in place? + +What is your process? + +What kind of hedge do you have in place if any? +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. +Thetagangers, + + +I sold 3x CSP at the 35 strike, expiring on 11/19. +This play will yield a 42% return within 5 weeks. + +https://preview.redd.it/42l49349q8u71.png?width=1075&format=png&auto=webp&s=3f09f6ad2edfb6a4b9dfcbea767d938bbfcff5c1 + +CRTX has IV around 500%. + +https://preview.redd.it/hyhytdl7q8u71.png?width=885&format=png&auto=webp&s=7b7735035a8af79e82e19256be4dde3e5d8822a6 + +Even if I were assigned, I'd still have a hefty cushion due to the large premiums. +I understand the risk and the likelihood that this stock could tank over 50% in one day. +However, I'm a sucker for premium hunting and have done well the past year or so. + +Barchart highest IV FTW. + + +See you all in November. +What are your thoughts? I couldn’t link any articles due to mods and rules, but do a quick search online. + +Will retails lose their cold blood? I think a lot of people on margin will eat their socks in the next days… +A vulnerability was [found](https://github.com/spesmilo/electrum/issues/3374) in the Electrum wallet software which potentially allows random websites to steal your wallet via JavaScript. If you don't use Electrum, then you are not affected and you can ignore this. + +Action steps: + + 1. If you are running Electrum, **shut it down right this second**. + 2. Upgrade to [3.0.5](https://electrum.org/#download) (making sure to verify the PGP signature). + +You don't necessarily need to *rush* to upgrade. In fact, in cases like this it can be prudent to wait a while just to make sure that everything is settled. The important thing is to not *use* the old versions. If you have an old version sitting somewhere not being used, then it is harmless as long as you do not forget to upgrade it before using it again later. + +If at any point in the past you: + +* Had Electrum open with no wallet passphrase set; and, +* Had a webpage open + +Then it is *possible* that your wallet is already compromised. Particularly paranoid people might want to send all of the BTC in their old Electrum wallet to a newly-generated Electrum wallet. (Though probably if someone has your wallet, then they already would've stolen all of the BTC in it...) + +This was just fixed hours ago. The Electrum developer will presumably post more detailed info and instructions in the near future. + +**Update 1**: If you had no wallet password set, then theft is trivial. If you had a somewhat-decent wallet password set, then it seems that an attacker could "only" get address/transaction info from your wallet and change your Electrum settings, the latter of which seems to me to have a high chance of being exploitable further. So if you had a wallet password set, you can reduce your panic by a few notches, but you should still treat this very seriously. + +**Update 2**: Version 3.0.5 was just released, which further protects the component of Electrum which was previously vulnerable. ~~It is not *critically* necessary to upgrade from 3.0.4 to 3.0.5, though upgrading would be a good idea.~~ Also, I've heard some people saying that only versions 3.0.0-3.0.3 are affected, but this is absolutely wrong; all versions from 2.6 to 3.0.3 are affected by the vulnerability. + +**Update 3**: You definitely should upgrade from 3.0.4 to 3.0.5, since 3.0.4 may still be vulnerable to some attacks. + +**Update 4**: [Here is the official, more complete response from the Electrum dev team.](https://github.com/spesmilo/electrum-docs/blob/master/cve.rst) +Hey Guys, + +So there's been a ton of book recommendation posts in this sub over the past few weeks. + +However, most of the books recommended (Psychology of Money or Philosophy books) revolve around strategy. + +I'm looking for books with more of an emphasis on Tactics. + +Just to clarify strategy/tactics, it's a concept most commonly used in Chess. Your strategy is your long term planning, for ex. how you're thinking about your pawn structure or King Safety. + +Tactics revolve around short-term specifics, like a specific Chess opening. + +So I'm interested in books that have more of an emphasis on Tactics. + +Just to give a couple examples of my favorite books that fit this description... + +1. [Venture Deals](https://www.amazon.com/Venture-Deals-Smarter-Lawyer-Capitalist/dp/1118443616) - This book delves into the details of Term Sheets (Liq Pref, Antidilution provisions, Voting Rights, etc.). Talks about raising money w/ Convertible Debt (interest rate, val caps, etc.) and it also has chapters on the mechanics of how a VC fund operates (Capital calls, cross fund investing, etc.). + +2. [Mastering Private Equity](https://www.amazon.com/Mastering-Private-Equity-Transformation-Investments/dp/1119327970/ref=sr_1_1?dchild=1&keywords=Mastering+Private+Equity&qid=1621679289&s=books&sr=1-1) - Has chapters on Private Equity, Growth Equity, VC and their objectives. Talks about How PE firms function (deal sourcing & dd teams, deal pricing dynamics, deal structuring, etc.) and how PE funds manage their investments (corp gov, managing the management team, exiting an investment) and how raising a fund works (GP-LP relationship, fund formation & fundraising, etc.) + +3. [The Tax and Legal Playbook](https://www.amazon.com/Tax-Legal-Playbook-Game-Changing-Solutions-ebook/dp/B07RMHL71V/ref=sr_1_1?dchild=1&keywords=Tax+and+Legal+Playbook&qid=1621679602&s=books&sr=1-1) - Talks about the specifics of how to structure your company (LLC vs. S corp vs. C corp), Protecting your home from a lawsuit (Homestead Exemption, Equity Stripping, Domestic Asset Protection Trust, etc.), Opportunity Zone investing, and a lot more. + +The main criticism of tactics-focused books is that tactics change over time (while strategy barely changes), but I think the degree to which tactics change is a bit overstated. Regardless, it's immensely useful to read about tactics that worked in the past as that helps you understand tactics that'll work now. + +So, what are your favorite books that delve into tactics? *This can be in any industry*. Textbooks would be great, but things like video courses, blog posts or podcasts would also be much appreciated. + +Thanks +Looking for advice about establishing a Family Office. I’m familiar with the concept but only at a high level. I’m already established at a Private Bank. What do I need to know? Any suggestions or recommendations before diving in? Who would you recommend or advise to avoid? +I [posted earlier](https://www.reddit.com/r/fatFIRE/comments/q54286/idea_for_handling_ipo_windfall_by_selling_call/) about selling covered call options on 5M of stock as a way of hedging a concentrated stock position. + +It was mentioned to me that it may make sense to work with a trading desk directly for a trade of this size so that you don't move the market. I saw [Mark Cuban mention this](https://www.quora.com/How-did-Mark-Cuban-save-his-wealth-from-the-dot-com-crash-He-sold-Broadcast-com-for-5-7-billion-in-Yahoo-stock-How-did-he-get-out-before-it-all-went-down) when he was trying to hedge his Yahoo stock right before the tech bubble crash. + +I contacted someone I know at Goldman Sachs about selling 5MM in covered calls and he said yes, you can do this type of trade directly with the trading desk. The minimum account size is 10MM, they use their options pricing formula to give you a quote which is good for a short time period. There is a fee of .40 cents per contract in addition to what they quote you. It should be somewhat similar to what you see as the bid/ask you see publicly. + + +Has anyone ever done a trade like this? Anything I should watch out for? +Attorney in New York. Family owns farmland in Brazil and I am the next in line. Size is roughly over 800 acres, with soy plantation and livestock. Currently run in a very old school way. Does anyone have experience with international land owning or knows of resources on how to manage it and possible ways to take it up to the next level? +My experience is in financial accounting and now I currently work in corporate finance as an analyst. + +I am not sure if my profession is a common career to fatFIRE. +Hey guys! + +It has been some time since I did my first post about $POODL. Much has happened since then. People calling it a scam are mostly silent now as it already went to over 20 Million in value and the token is not disappearing but evolving. Together with the community it has been decided that $POODL will launch its new V2 version on BSC in the coming week! Right now is the perfect opportunity to be part of an awesome community and let me tell you, why! + + + +💰**Tokenomics V2**💰 + +$POODL V2 is a BEP-20-token based on the Binance Smart Chain. This means far less fees to buy or sell $POODL V2 compared to $POODL V1: + +&#x200B; + +* 1% of every transaction is permanently burned +* 1% of every transaction is automatically redistributed to all holders of $POODL token depending on the amount they have +* 1% of every transaction will be sent to the LP on PancakeSwap! + +This means every time $POODL is bought or sold, your amount of $POODL will grow while the total amount of $POODL tokens existing will become less and less and the LP on PS will grow, making the price more and more stable! + +Right now, **85,872,194,637,326** tokens are left, which means more than **14% of all tokens are already burned!** V2 will also start with the same amount of burn! + +But the most important part is that the admins and devs will be finally in control of the contract and can build upon it! + +The contract of V2 has **already been audited** before deployment by Solidity Finance LLC and is safe! + +💰**1:1 Airdrop**💰 + +**The snapshot for V2 will take place between 25th April 12:00am EST to 27th April 12:00 am.** If you bought V1 tokens and are holding the inside a wallet during that time, you will receive the same amount of V2 tokens via airdrop! This means **DOUBLE the tokens**! + +**Important**: Coinsbit and WhiteBit DON’T support the airdrop! You must hold your tokens on Hotbit or inside a wallet that supports ERC20 and BSC to get your V2 tokens! + +🚀**Why should I invest in $POODL?**🚀 + +💰 The community drive has proven to be the strongest aspect of $POODL, creating the opportunity for everyone to actively decide the worth of the coin and distribute their abilities towards the project. Every admin and mod is coming from inside the community, donations towards listings and marketing have made it possible for $POODL to become as big as it is right now! + +💰 Buying V1 now can simply get you the same amount of tokens on V2, so you get double! The new V2 will also be much more attractive to smaller buyers due to the low fees for buying and selling! + +💰 The admin team has started doxing themselves to give the people even more assurance regarding their investment in $POODL. They fully believe in the token and want to show it! + +💰 $POODL has officially partnered with the charity Canine for Kids! You can find the logo on their website if you do not believe it! They are giving back to those who need it most! + +💰 The team has already shown so much more effort than most of other meme coins. The website is awesome, it is available in 7 languages, has a meme generator, informative news, instructions etc. $POODL also has 2 songs, a small game in the works, a merch store (part of the earnings go towards charity) and there is more stuff coming day by day! + +💰 $POODL has also shown steady growth. In just a month, it went to a 20 Million market cap, it has over 10,000 people in the main telegram group and over 13,000 people holding tokens! + +So in summary, while most meme coins pump and dump to be abandoned, $POODL ist steadily climbing upwards with a dedicated team and a highly active and amazing community! There is still so much in the works (listings, marketing, investors etc.)! POODL is a legit meme token with serious potential. I still have the feeling it has the most serious potential in the meme sphere and could have a future with a tremendous audience! + +If you do not believe me, DYOR, join the Telegram channel, write to the admins and people or hop into the voice channel :) +We are not in a bubble. 1000+ PE ratios are sustainable. EV companies with $0 in revenue being worth 150bil is normal. Online pictures anybody can copy+paste being sold for millions is fine. Made up internet meme money making millionaires is expected. Real wages going down while stocks go up is perfectly expected for a developed economy. Chinese real estate developers defaulting left and right threatening to tank the No 2 economy wont effect us in any way. + +Everything is okay. Everything is good. +I hear the phrase "Living below your means" quite often, and it got me thinking how different of a life people could live on the same percentage of their income. + +I have friends that drive 100k+ vehicles and friends that drive 5k vehicles, making roughly the same amount of money. Both feel they live below their means. + +So, what's it to you/what is a good way to define living below your means? +Is there a certain percent saved/invested over spent every month? +Is it a certain lifestyle? +Is it not buying things you can't pay cash for? + +Or is there a better way to define it? +21F making 90k, don’t know what to do with it + +Hey everyone, I just recently got hired as a full time employee at the company I did an internship at. I’m going to give some details on what my current situation is. + +Firstly, I’m still in school I have about two semesters left, however thankfully my parents are paying for tuition so that is covered. + +I also live in a one bed one bath apartment that comes out to $1400 per month in Dallas. (I included WiFi, water, electricity, etc. in this price) + +The company I work for offers a 401k benefit which is 5% matched per pay check dollar for dollar. + + +Right now each check, with taxes taken out and the 401k sip is about $2400 biweekly. + + +I have heard of Roth IRA and traditional IRA and have no idea what the difference between the two is. If anyone has any suggestions at all on what to do about this I’d really appreciate it. Thank you everyone! +# EPS Games + +A super-common metric to evaluate a company's performance is to use its ["earnings per share" (EPS)](https://www.investopedia.com/ask/answers/070114/what-formula-calculating-earnings-share-eps.asp). Let's look at this with an example. Company A generates $100 of earnings and has 100 shares [outstanding](https://www.investopedia.com/terms/o/outstandingshares.asp). Its EPS is $100/100 = $1. A year passes, the company now generates $110 of earnings - its EPS is now 110/100 = $1.1 for a 10&#37; increase (over the previous year). When used correctly, EPS allows an investor to quickly compare earnings across time (or, even across companies) to determine quality of earnings. + +Now let's meet Company B. They also have $100 in earnings and 100 shares outstanding. Their EPS initially is also $1.0. But they are out of ideas for the coming year. So they get financially creative. See the cool thing about EPS is that it has a denominator. Instead of increasing the numerator (E) which requires hard work, they can *decrease the denominator* (S). So when next year the earnings are *flat* at $100, the company *buys back 10 shares* so the outstanding shares are now 90. Now EPS is 100/90 = 1.11 for approx. 10&#37; increase - same as company A. + +But company A had to sweat for its earnings. Company B simply financially engineered its earnings. + +This is common in Wall Street even among so-called blue chip companies. Yes, remember Big Blue (or, IBM). [Their financial Aladdin (Lou Gerstner, former CEO) repeatedly rubbed the stock buy-back lamp to juice its earnings](http://archive.fortune.com/magazines/fortune/fortune_archive/2000/06/26/283014/index.htm). His target as CEO was ***$20 EPS***. Wall Street ate it up: lots of favorable reports, a rising stock price (because IBM had better EPS). Yeah, right. + +Other examples abound. This year alone ***$1.2 trillion*** (yes, that's trillion with a T) - almost 6&#37; of a $20 trillion US economy - will be spent on share buy-backs. (64 companies that spent the most on buybacks saw an average ***22\% decline*** in market value. These include Sears, J.C. Penney, Hewlett Packard, etc.) + +Share buy-backs drive up share prices for two reasons - + +* greater demand induced by the company itself, and +* investors buying into the rosy picture being presented by companies even though, for some companies, their financial health may have actually *declined*. + +So the message is that when you look at companies and valuation, don't be swayed by simple EPS stats or a company's "*earnings beat**.*" Dig a little deeper to gauge for yourself how well the company is doing. But - a good rule of thumb should be this: if a company is doing buy-backs, it warrants scrutiny. If it is financing buy-backs with debt (next section), it warrants still more scrutiny. (Some very good companies like Facebook, Google, etc. do buy-back stock to fund employee stock grants, etc. but these amounts are relatively small.) + +(This is yet another reason to stay away from individual stock investing - too hard for people like us to dig through financial statements, etc. to decipher if any such games are being played. The link above on IBM shows how even financial reporters well-versed in the art of deciphering company financials can find it confusing.) + +# Funding share buy-backs with debt + +Company B has decided to buy back its shares. Where does it get the money? + +Well, it can either use its cash to buy back shares or it can *issue new debt* to fund such purchases. Sadly for us as investors, many companies are increasingly opting for *issuing new debt to fund such buy-backs*. For marginal companies (like Company B in our example), this is compounding the problem: a stagnating business, greater debt, and the *illusion* of success powered by rising stock price. + +Last year in fact $1.7 trillion was issued as ***new corporate bonds*** with a good fraction being used for share buy backs. + +# So what's the takeaway? + +**Takeaway #1**: Don't buy individual stocks unless you have really done your homework. Low-cost index funds tied to leading indices (such as S&P 500, or Russell 2000, etc.) are a good alternative insulating you from individual company performance (and, shenanigans, if any). + +**Takeaway #2**: Don't ***assume*** that just because a stock price is rising that its financial outlook and health are rising too. Verify that this increased stock price is due to rising earnings and not just financial engineering! + +Good luck! +I and my husband are still trying to find a pattern to manage our finances and have some savings aside. However, we are not doing really good at it? + +What are the possible options do we have to manage marital life together and have savings? +# EPS Games + +A super-common metric to evaluate a company's performance is to use its ["earnings per share" (EPS)](https://www.investopedia.com/ask/answers/070114/what-formula-calculating-earnings-share-eps.asp). Let's look at this with an example. Company A generates $100 of earnings and has 100 shares [outstanding](https://www.investopedia.com/terms/o/outstandingshares.asp). Its EPS is $100/100 = $1. A year passes, the company now generates $110 of earnings - its EPS is now 110/100 = $1.1 for a 10&#37; increase (over the previous year). When used correctly, EPS allows an investor to quickly compare earnings across time (or, even across companies) to determine quality of earnings. + +Now let's meet Company B. They also have $100 in earnings and 100 shares outstanding. Their EPS initially is also $1.0. But they are out of ideas for the coming year. So they get financially creative. See the cool thing about EPS is that it has a denominator. Instead of increasing the numerator (E) which requires hard work, they can *decrease the denominator* (S). So when next year the earnings are *flat* at $100, the company *buys back 10 shares* so the outstanding shares are now 90. Now EPS is 100/90 = 1.11 for approx. 10&#37; increase - same as company A. + +But company A had to sweat for its earnings. Company B simply financially engineered its earnings. + +This is common in Wall Street even among so-called blue chip companies. Yes, remember Big Blue (or, IBM). [Their financial Aladdin (Lou Gerstner, former CEO) repeatedly rubbed the stock buy-back lamp to juice its earnings](http://archive.fortune.com/magazines/fortune/fortune_archive/2000/06/26/283014/index.htm). His target as CEO was ***$20 EPS***. Wall Street ate it up: lots of favorable reports, a rising stock price (because IBM had better EPS). Yeah, right. + +Other examples abound. This year alone ***$1.2 trillion*** (yes, that's trillion with a T) - almost 6&#37; of a $20 trillion US economy - will be spent on share buy-backs. (64 companies that spent the most on buybacks saw an average ***22\% decline*** in market value. These include Sears, J.C. Penney, Hewlett Packard, etc.) + +Share buy-backs drive up share prices for two reasons - + +* greater demand induced by the company itself, and +* investors buying into the rosy picture being presented by companies even though, for some companies, their financial health may have actually *declined*. + +So the message is that when you look at companies and valuation, don't be swayed by simple EPS stats or a company's "*earnings beat**.*" Dig a little deeper to gauge for yourself how well the company is doing. But - a good rule of thumb should be this: if a company is doing buy-backs, it warrants scrutiny. If it is financing buy-backs with debt (next section), it warrants still more scrutiny. (Some very good companies like Facebook, Google, etc. do buy-back stock to fund employee stock grants, etc. but these amounts are relatively small.) + +(This is yet another reason to stay away from individual stock investing - too hard for people like us to dig through financial statements, etc. to decipher if any such games are being played. The link above on IBM shows how even financial reporters well-versed in the art of deciphering company financials can find it confusing.) + +# Funding share buy-backs with debt + +Company B has decided to buy back its shares. Where does it get the money? + +Well, it can either use its cash to buy back shares or it can *issue new debt* to fund such purchases. Sadly for us as investors, many companies are increasingly opting for *issuing new debt to fund such buy-backs*. For marginal companies (like Company B in our example), this is compounding the problem: a stagnating business, greater debt, and the *illusion* of success powered by rising stock price. + +Last year in fact $1.7 trillion was issued as ***new corporate bonds*** with a good fraction being used for share buy backs. + +# So what's the takeaway? + +**Takeaway #1**: Don't buy individual stocks unless you have really done your homework. Low-cost index funds tied to leading indices (such as S&P 500, or Russell 2000, etc.) are a good alternative insulating you from individual company performance (and, shenanigans, if any). + +**Takeaway #2**: Don't ***assume*** that just because a stock price is rising that its financial outlook and health are rising too. Verify that this increased stock price is due to rising earnings and not just financial engineering! + +Good luck! +I’m 17 years old and a junior in high school, I lack my parents support financially and well... as parents. Currently I am living with a friend but I really don’t like to burden other people and am only doing so I can try to finish my junior year. I have worked multiple jobs and am working right now at Burger King. I know there is a whole list of things I should be doing to be ready and things I should be doing to help myself become independent but honestly I’m not sure what those things are. I am ready to take on the responsibilities of being an adult. Any input or advice on the best ways to help myself or even suggestions of what I can do are all welcome. +Hi all, just turned 24 this month. I am a true beginner to financial planning an investment, but I want to retire early and start learning more. + +I currently make around 48K in a low cost of living state (South Dakota), and also live frugally, yet very comfortably for my lifestyle. + +I have about 30K in savings with no debt until student loan repayments restart (in which I plan to qualify for the income based repayment plan, at around 200 a month maximum) so I want to begin my investment journey. + +My monthly expenses are around $1,000 max (no debt, I donate plasma for gas and groceries, so $550 rent/utilities is really my only big expense). + +I have a 6% employer matched 401k which I maximize contributions to, and just signed up for a Fidelity ROTH IRA yesterday after starting to research options. + +I plan to do the max right away - $6,000 into it as a more, “leave it and let it grow” system to begin as I become more financially literate. + +Is this a good plan? Should I consider alternatives or options? What should I learn/know and or do? + +I will set up a $500 automatic deposit starting in January to max it at $6,000 a year +Hi everyone, + +I have two credit accounts and they both **currently list my annual salary at $80k. However, I just got a huge raise and I'm now making $120k/year.** + +I currently have an 800 credit score and never really even get close to my credit limits. Nonetheless, with this massive increase in salary, I'm sure that I could have my credit limits greatly increase which would really lower my credit-utilization. + +**However, these credit limits will have my credit score get hit with a "hard pull/inquiry"** which could knock down my credit score short term? + +**What should I do?** Is it worth it to increase my credit limits but potentially have my credit score lowered temporarily due to the inquiries? How long until the score might bounce back up? +Did inflation go up 100% overnight? It doesn’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 don’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 it’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 don’t do that, we will never get ahead. I grew up in the 90s and early 2000s. I don’t feel like I started hearing about this kind of stuff until recently. I was a kid, I didn’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 that’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 wouldn’t have to share our house to strangers if I made $25 per hour. But she would definitely need to still work. + +And what’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 primary‘s, and I’m sorry to get political because I honestly haven’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. +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 +Edit: [New post here](https://www.reddit.com/r/Superstonk/comments/v0d91b/please_check_out_a_major_update_to_wwwdrsgmeorg/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) . I get knocked down but I get up again. + +I just want to say how deeply I appreciate each and every one of you, not only for your help on this project, but for who you are as individuals and the part you have played, on Reddit and elsewhere, fighting against Wall St. + +Most of all, I appreciate your friendship! I had a very rough 2 years going through separation and divorce, losing seeing my 2 step-daughters I raised as my own for 13 years, adapting to living alone, having to change churches because of divorce, losing half of my business income due to Covid, actually having Covid, etc. Sorry to ramble. + +NOW, I’m in a MUCH better place now though! Ex was a HIGHLY controlling narcissist, while my girlfriend treats me like an absolute king. All the friends I’ve made on Reddit, **TRUE friends as much as any friends irl**, were critical to helping me through with my sanity intact!! + +So anyway, a little thing like my one post being removed Friday isn’t going to stop me. WE RIDE AT DAWN!! LFG!!!!! +#Please look for a www.drsgme.org update post in the morning (Sunday EST) + +🦍💕🦍 +Seeing the new store layouts 👍 + +Seeing clout chasers in said photos 👎 + +HERE COME THE DOWNVOTES + +I saw a [post](https://www.reddit.com/r/Superstonk/comments/n0i3pr/some_of_you_arent_ready_to_be_rich_and_it_shows/?utm_source=share&amp;amp;utm_medium=ios_app&amp;amp;utm_name=iossmf) a long while ago that said “you aren’t ready to be rich” and part of that had a lot to do with protecting yourself. + +Your anonymity on this thread is HUGE. unless you have lawyers, identity security, and other VPN-like securities... do not post yourself. + +There are so many details in things that can reveal you, that once you’re rich (not to mention ruining the lives of trillionaires) people are going to be motivated to find you. Do yourself a favor, don’t include yourself. + +The people you are squeezing own several social media platforms (Facebook, which owns IG), including facial recognition that only needs partial matches to meet any other data. + +These people are criminals. + +This is not the clout you want. You’re not able to afford safety right now. You should be able to soon and must, but keeping anonymous is your biggest strength. + +EDIT: I found the post by u/DeepFriedDonkeyDick and linked it. +Biden Proposal Could Lead to Employee Status for Gig Workers +A proposed rule, long awaited by labor activists, would make it harder for companies to classify workers as independent contractors. + +The Labor Department on Tuesday unveiled a proposal that would make it more likely for millions of janitors, home-care and construction workers and gig drivers to be classified as employees rather than independent contractors. + +Companies are required to provide certain benefits and protections to employees but not to contractors, such as paying a minimum wage, overtime, a portion of a worker’s Social Security taxes and contributions to unemployment insurance. + +The proposed rule is essentially a test that the Labor Department will apply to determine whether workers are contractors or employees for companies. The test considers factors such as how much control workers have over how they do their jobs and how much opportunity they have to increase their earnings by doing things like offering new services. Workers who have little of either are often considered employees. + +The new version of the test lowers the bar for that employee classification from the current test, which the Trump administration’s Labor Department created. + +The proposal is intended as a so-called interpretive rule that doesn’t have the legal force of a regulation specifically authorized by Congress, and it applies only to laws that the department enforces, such as the federal minimum wage. States and other federal agencies, like the Internal Revenue Service, set their own criteria for employment status, and the rule would not directly affect what they decided about the status of gig workers. + +But many employers and regulators in other jurisdictions are likely to consider the department’s interpretation when making decisions about worker classification, and many judges are likely to use it as a guide. + +As a result, the proposal is a potential blow to gig companies and other service providers that argue their workers are contractors, though it would not immediately affect the status of those workers. + +“While independent contractors have an important role in our economy, we have seen in many cases that employers misclassify their employees as independent contractors,” the labor secretary, Martin J. Walsh, said in a statement. “Misclassification deprives workers of their federal labor protections, including their right to be paid their full, legally earned wages.” + +Uber and Lyft have said in federal filings that having to treat drivers as employees could force them to alter their business models, and some gig economy officials have estimated that their labor costs would rise 20 to 30 percent. + +Editors’ Picks + +‘House of the Dragon’: Paddy Considine Won’t Watch Sunday’s Episode + +Cate Blanchett Doesn’t Want to Be Understood + +Renting ‘Sight Unseen’? A Broker and FaceTime Helped +The proposal also defuses growing pressure from activists supporting gig workers, who complained that the administration had been too slow to intervene to protect ride-hail drivers and other app-based workers. + +In proposing its rule, the Biden administration is harking back to an approach adopted under President Barack Obama, though administration officials said in interviews that they were merely returning to a standard that federal courts have repeatedly upheld over the decades. + +The Biden administration delayed and then scrapped the Trump rule before a federal judge reinstated it. The new proposal would formally rescind the Trump rule and replace it when the proposal is made final in the coming months. Opponents could ask a federal judge to block the rule temporarily or strike it down, but administration officials expressed confidence that it would withstand judicial scrutiny. + +Under Mr. Trump, the department argued that two factors should predominate in determinations of whether a worker is an employee or a contractor, even if other factors are relevant: the degree of control a company has over the worker, and the extent to which a worker can increase his or her income by taking entrepreneurial initiative, like marketing his or her services. + +The Trump Labor Department suggested that gig workers like Uber drivers would probably be considered contractors under these criteria. Proponents argued that the Trump approach was necessary so enforcement didn’t snuff out new ways of doing business, such as the gig economy. + +But in an interview, Seema Nanda, the Biden Labor Department’s top lawyer, said the Trump rule “threatens to actually increase rather than decrease misclassification.” + +The proposal by the Biden Labor Department argues that several factors must be weighed when assessing whether a worker is a contractor or an employee, and that none of them are necessarily more important than the others. Among the additional factors are whether the work being performed is central to a company’s business, and what kind of investments workers make to do their jobs, such as buying equipment. + +Administration officials cautioned that determining whether or not gig workers like Uber drivers are employees would hinge on applying the test laid out in the proposal to individual cases and that they were not prejudging the outcome of any one of them. They also emphasized that the proposal did not target a particular industry. + +“We make a determination based on the specific facts in any case that we look at,” Ms. Nanda said. “Misclassification harms workers across a wide range of industries.” + +Gig companies like Uber and Lyft have sought for years to influence laws and regulations on worker classification. After the California Legislature passed a bill that effectively classified gig drivers as employees in 2019, gig companies spent roughly $200 million helping to pass a ballot measure that would exempt their workers from employee status while granting them limited benefits. + +A state judge later ruled that the measure was unconstitutional. The decision is being appealed. + +Gig companies have tried and failed to enact similar measures in other liberal states, like New York and Massachusetts, but did help pass a contractor measure in Washington State. + +Uber and Lyft have often argued that drivers prefer the flexibility that independent contractor status affords them, such as the ability to work when, where and however long they choose to. They have cited polling data that appears to affirm this. + +Legal scholars point out that there is nothing inherent about employment status that would forbid companies to grant workers similar flexibility. + +Asked in an interview this summer whether he thought drivers would prefer to be independent contractors or employees if the trade-offs were made clear, Mr. Walsh, the labor secretary, argued that “95 percent of people would say yes” to being classified as employees. + +Companies, unions, workers and other members of the public will have a month and a half to formally comment on the proposal before the department incorporates feedback into a final rule. + +https://www.nytimes.com/2022/10/11/business/biden-gig-workers-contractors-employees.html + +What most voters don't realize about high tax rates is that the rich (and wealthy) don't pay them. When a rate gets high enough, they simply arrange their financial affairs as circumstances demand or, they simply leave. Therefore, high tax rates are SYMBOLIC, not real, for both individuals and businesses. They're designed to win votes and affect progressive imagery. If you have a problem visualizing this, then think about the various assault weapons bans we've had in America since the 90s and how utterly useless they've been. Imagery. Symbolism. And it's not just the *Left* that's guilty. + +Tax havens and shelters should really be used by more Americans, but many mistakenly believe these to be illegal, or they think of them as exclusive tools for the rich and wealthy, or they simply have never put in the time to understand them. Well, they should, and something interesting is happening in the major tax havens. You see, with the rise of Decentralized Finance and the event horizon of interoperability encroaching, many of these tax havens have realized the enormous threat posed to their business model by crypto. As such, they've quickly enacted incentivizing (dare I say enticing) cryptocurrency legislation. And it's working. They've wisely done the opposite of trying to fight crypto with [failed] drug war tactics. Take the country of Singapore for example (population half that of NYC), and look at the number of Ethereum validator nodes operating there. It's staggering, and many of these nodes belong to centralized exchanges as well as individuals. Even Vitalik Buterin spends an enormous amount of time there. If Singapore had the cheap energy of say a Kazakhstan, Bitcoin mining would be raging in Singapore after the Xingjiang province crackdown in China. With the staking rewards tax legislation likely to pass here in the United States in September when congress is back in session, expect this to augment. + +The Singapore of the US are the Cayman Islands, and the Singapore of Europe is Luxembourg, Switzerland, and oddly Ireland (not Northern Ireland, that's part of the UK). But several unexpected Latin American countries are wising to the benefits too. I was in Mexico recently (fuck I love that country I don't care what anyone says, I'll probably retire there) and was somewhat shocked by how many businesses accepted Bitcoin. Then doubly shocked by the Bitcoin mining growth. I was biking in the mountains east of Puerto Vallarta and suddenly there was this huge solar farm which I assumed powered the costal city. Later I found out it was *"Jalisco cartel"* property. For the *"Beetcoin."* A bit of business which apparently has helped see a large decrease in violence. There were others though, and one in this small town was really cool: so everyone in the town bought into it and owned a small share and were paid every evening on their phones. I don't know, I just wasn't expecting to see infrastructure like this in Mexico just yet. + +So the whole purpose of this writeup was to ask the thread if they'd be interested in a small user's manual on cryptocurrency tax strategies (for educational purposes only) which will include DeFi techniques and simple offshore procedures. It would be geared towards Americans (sorry everyone else, I don't know your tax laws) and focus on the close proximity opportunities in Latin America and Grand Cayman. I'll collaborate with a tax attorney on this as well. I hope to make everything extremely accessible and relevant for anyone owning ~5 or more ETH. One caveat however, will be that the techniques will require users to mostly leave CEX's (centralized exchanges) behind, which I imagine many are not comfortable doing just yet. Anyway, I'd like to post it here next week, and I'll get my account/wallet linked to accept 🍩 too. + +Lastly and unrelated, I hope many of you are following the major points of the SmartCon Summit that started yesterday. Some absolutely mind-blowing things being talked about there with regard to the EVM's top dapps. G'day. +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I am interested in the proposal of PoS, but I noticed people are not speculating (as much as you might expect) about what might happen upon the switch from PoW to PoS. Would you guys be comfortable starting a discussion about what you think will happen to the value of Eth upon that event? For example do you think it will fall, or will the excitement to stake lead to a huge pump? I don't have the experience and knowledge that you have as a collective, so I thought it might provide value to the community to discuss. Cheers! +Challenge of the Day: Listen in on an archive of just one of the Ethereum developers conference calls and listen closely to all the people working on stuff and try to understand the project at its core. This isn't just a Vitalik show. He's just a great architect and quality person who surrounds himself with an ever growing team of quality researchers. He will be the first to tell you there are other coders out there better than him working on this project. Understand more about the people in the space this year so you can have a small grasp of appreciation for the tech. + +I love a good shitpost and moonboy memes just like the next guy. Right now We are all Geniuses in a potentially once-in-a-lifetime bull market. But what makes the bear markets even more fun is getting to know the project and actually contributing to the economy by connecting ideas and thoughts as well. + +Yes. I know this is Ethtrader but back in the day this room talked equally about the technical aspects along with price discussions of various tokens. Some days the daily reads more like /r/ethtrollbox. + +I'm just tossing out an idea for folks to communicate in more than one sentence from time to time instead of reducing the room to butt hurt hinesight chatter about missing out on gainz with (insert pump coin here). + +I thought I'd seen irrational markets before but some of the price action right now is a special kind of crazy. I enjoy reading everything I can on here but I really hope many of you (especially New traders) are doing an equal amount of research as you are staring at candles hoping for a free ride. Be safe traders and know when to take profit, cut losses, curb the fomo, hold, and most importantly read. + +Happy New Years and big hugs from Kansas City. +Hi! + +I've been lurking here for quite a while taking in all information I could and adapt it to my life/location. + +Occasionally, I stumble upon the phrase: I can't talk about this to my coworkers, so I am very curious why. Why is this such a big deal that it needs to be kept a secret? I get the point where you don't want to disclose numbers, this is obvious, but why not discuss the lifestyle and tactics used to advance on the FIRE path? +I wanted to give an update on my situation from a month ago, since I am sure many go through the same process and it may be something that people can learn from. + +This was my original question to the sub: + +>I have a job that I really like, but I know I'm not getting paid market value. I recently was contacted by a recruiter for a much larger company that seems to be in a "open up the checkbook" path. + Assuming I am given an offer, and it is for a considerably larger amount of money, is there a safe way to leverage that into a promotion/raise at my current job? Or is that just asking for trouble down the road? Under what conditions would you do that? + For reference, I am well regarded in my current position and all my performance reviews have been very good. My boss has said that she will be pushing for a promotion during the next cycle, which would be well ahead of schedule, but given the raises I have received so far, I know that still won't bring me up to market value. + +I did receive an offer from the employer I interviewed for, and it was originally a promotion (from X to Senior X), a 20% increase in salary and eligible for a 10% yearly bonus based on company and department goals (pretty standard for large companies from what I understand). + +I pushed back saying that based on my market research and what I brought to the table, I expected a 30% raise (really expecting a 25% raise as a counteroffer), and made it a point to say that I was going to come in ready to bust my ass and show them what a great hire they were making. + +Apparently I was convincing, because they offered me a 25% raise, a promotion to Manager and eligibility to a 15% yearly bonus because of the promotion. + +At this point, I called a meeting with my current boss and, without telling her I had another offer, made my case for why I deserved a raise (not at market value, drive a lot of value for the company, taking on responsibilities above and beyond my title, etc). My boss then told me that she didn't think it was possible that our VP would consider it *even at our upcoming review period* in a couple of months. Her message was to keep working hard and a*year* from now we could be talking about a promotion. + +I gave her a couple of days (just to see if anything developed), and then I called a meeting with her and told her I was putting in my resignation. + +Over the next couple of days, I fielded about 3 different counter offers (in terms of role), and heard a ton about how much they wanted me to stay and how many conversations have been had about how good of an employee I was. The counteroffers almost matched all the terms of the new offer, but I declined them all. + +Advice: don't fall for any of it. For two reasons: + +1. At this point, they may just be telling you whatever you want to hear because they want you to stay. Although I don't think they'd retain me and fire me within the year (which could certainly be the case for other people), I still think that a desperation move like this is bound to come bite you back in the form of "we already gave you a HUGE promotion, why do you think you deserve another promotion.... ever?". + +2. If they valued you so much and thought you were such a great employee, do you really want to work for a company that does *nothing* to keep their best employees around until they threaten to leave? + +Looking back, there are two items I would have potentially done different, but this is all depends on the specific situation: + +a) I did not play hardball on the negotiations. If I truly wanted to, what I could have done is taken the second offer from my future employer and say "Ok, I think this is a fair offer but I will have to see what my current employer can do in terms of matching", and then play the negotiation game. I didn't want to do this for a couple of reasons, but I do think I could have gotten more money out of the deal had I approached it this way, especially knowing the counteroffers that my current employer was going to make. + +b) Regarding my current employer, I would have pushed harder from the beginning to establish what I thought was fair advancement. For the first 2 years, I let my employer take the lead on when I should be considered for promotions. What I learned from that is that you always have to be on the offensive to make sure that your boss understands where you currently sit and where you think you should sit. +[https://www.reuters.com/world/china/what-lies-beneath-hidden-debt-fears-feed-chinas-property-woes-2021-10-20/](https://www.reuters.com/world/china/what-lies-beneath-hidden-debt-fears-feed-chinas-property-woes-2021-10-20/) + +>"Nearly every developer has borrowings in disguise. The sector's debt problem is worse than what you see," said He Siwei, attorney at Hui Ye Law Firm. +> +>Chinese developers owed 33.5 trillion yuan ($5.24 trillion)through various channels at the end of June, Nomura estimates, based on official statistics, adding "there are definitely other obscure financing channels yet to be covered." +> +>Private bonds issued by shell companies in offshore locations have emerged as a new concern. +> +>In a note this month, Fitch ratings agency said that Fantasia Holdings Group [(1777.HK)](https://www.reuters.com/companies/1777.HK), a property developer which has since defaulted, had recently told it **"for the first time" that it had $150 million of private bonds that do not appear to have been reported in its financial statements.** +> +>Fantasia did not respond to a request for comment. **The company had over $4 billion worth of cash at the end of June and two weeks before it defaulted said that it had "ample capital".** + +There hasn't been a lot of coverage on this but article like this is kind of scaring me. They say there won't be any serious problem in the states and the US stock market. Any thoughts? +I was using 3 Commas up until recently but have deleted my API keys and canceled my account after news about the hack. Sounds like it was confirmed that there was an internal leak. I just don't trust them anymore. + +I liked having a platform that was easy to use for a non-coder, but I'm looking for suggestions that might be safer. I'd love to be able to run something myself without trusting my API keys to a 3rd party but I'm not a programmer and I don't know if that's possible without coding. + +TLDR: Just looking for a platform or options that are reasonably safe and don't require much coding. +I have designed an algorithm that is able to calculate clusters of stocks that are similar to schemes like GICS. However, my clusters are much, much tighter (15-30) and the spearman correlation coefficients between them (the covariance metric coming from a paper published last month in my field that I'm sure no one else is aware of) is *significantly* higher than in any other clustering scheme. It works historically (back to 1962) and requires zero human intervention; I'm fairly confident that nothing else like this exists. + +What are the use cases and would people be interested in buying it? +In my opinion research papers are good theoretical exercises and reading them can help a lot to formalize the maths behind popular trading strategies. They are far from production ready, but I've come across a few papers that, when implemented in trading-like environments, gave great backtest results. Unfortunately, none where profitable in production. + +Hence my question to this subreddit's audience : have you ever successfully taken a research paper implementation to production ? How was your experience ? +(ML: Machine Learning, ANN: Artificial Neural Net) + +Alright, so I just went through some ANN codes I developed on Python and R; when I got my results for my stock market prediction, I do wonder if I can rely on these results to make decisions: + +1. I just used the most fundamental feature which is ***% of*** ***ROI*** for each day from several years; but from my POV, even if I do put in more data (e.g. sentiment features, etc.), how could an ML model predict the stock market correctly when there are just ***so many things that can change*** in its environment? +2. Suppose, even if it has 70-80% accuracy and used K-fold testing or whatnot, this is based on ***the data it's trained on - isn't this an artificial and risky conclusion?*** +3. And if we really want to believe the result, the investor ***really need to believe*** ***in the theory*** of "efficient market hypothesis" where it states past data can tell future data's performance? - as I progress through these ML methods, I am certainly more inclined that the market is based on the random walk theory, thus no correct pattern can be predicted in future? (because it (i.e. the ML results and the mechanism that gave the results) just doesn't make sense to me) + +I understand that ANN (regardless of its variance), uses "weights" to detect pattern from the dataset (the dataset can be anything from pictures, financial data, etc.); thus this is how ANN learns i.e. it goes through some iterations to update the weights until the error reaches some acceptable value. Once we understand what weights randomisation, local minima, gradient descent, the need to have very large data for training, etc., the trader may see the limits of MLs such as ANN, and I think the model alone is not enough (and expensive) to make the call for buying/ selling stocks? + +Or am I missing something here? +Btw here is the update of my strategies: [https://twitter.com/robguazon/status/1461298356337053702](https://twitter.com/robguazon/status/1461298356337053702)(I also tagged Kevin Davey, hoping he will give his opinion. - because last time i was surprised, he give his opinion when i was not expecting any, i just tagged him.) + +https://preview.redd.it/hjrkl16sdc081.png?width=990&format=png&auto=webp&s=f0a97423f8bb7dab4c5e993bd0e3fd31f3b5c468 + +After live testing with small amount here are the results: 1 strategy was broken and the other is looking great.- backtest results: 86 trades (black line)- live test results: 54 trades (blue line) + +What should I do next?- I stopped the broken strategy- Should I use my real trading size on the strategy that is looking great? + +I'm hoping this community can help me decide. (it would be better if there's a poll though +You can think what you want about crypto.com. I have my own opinion of them and their business. But I believe that they finally could open Crypto fast and easy to the masses of people. + +Isn't that what we all wanted? Crypto adoption ? + +... I have NO clue ! But lets speak about one of their many partnerships. + +For example the NBA Arena 🏟️ + +What if Crypto payers (e.g. BTC or CRO) would get there some benefits / bonuses , such as pay less for a beer or hot dog?🌭🍺 + +Or lets imagine Crypto holders could meet the NBA Stars which will play there? - that would be real world Crypto usecases in my eyes 👌 + +I could imagine many more options 😊😍 + + +But as always, please do your own research, and no financial advice here ! ✌🏼 +Elon Musk told employees that he agrees with Ark Invest that Tesla (TSLA) is worth $3,000 a share “if they execute really well.” The CEO has often commented on Tesla’s stock price, but surprisingly, it was often to say that the price was too high. + +In 2020, when Tesla’s stock was reaching new high, Musk told his millions of followers on Twitters that he believed the stock was “too high”. It sent Tesla’s stock crashing, but now it is even higher than when Musk made the comment. + +Tesla is currently trading at $733 a share and the automaker is the most valuable automotive company in the world at over $730 billion. + +Wall Street firms are divided on whether or not the company is overvalued, but a few of them believe that Tesla could be worth a lot more. Ark Invest is one of them. Though to be fair, the company is also a large Tesla shareholders through its investment funds. + +This week, they released a new note claiming a $3,000 base stock price target by 2025 for Tesla. Cathie Wood said about the price target during an interview with Yahoo Finance: “Our estimate for Tesla’s success has gone up. The main reason for that is their market share. Instead of going down from year-end 2017 to today, it has actually gone up fairly dramatically,” In its valuation models, Ark Invest believes that Tesla is going to deliver between 5 and 10 million vehicles as soon as 2025. That’s a significant ramp considering Tesla likely will deliver less than 1 million vehicles this year. The firm is also betting on Tesla delivering a completely autonomous ride-hailing network, known as Tesla Network, that is going to bring in a lot of money with high margin. + +In an email to Tesla employee obtained by Electrek, Elon Musk shared with employees Ark’s new $3,000 price target and that he agrees with Ark: “If we execute really well, I agree with Ark Invest.” A $3,000 share price would put Tesla’s valuation at $3 trillion and make it the most valuable company in the world. + +Electrek’s Take + +Since Ark’s new note was an update on their valuation model and price target, it is fair to say that Musk’s email is basically a direct comment on Tesla’s stock price. He believes that “if executed really well”, Tesla should be worth $3 trillion within the next 4 years. + +[https://electrek.co/2021/09/04/elon-musk-tesla-tsla-worth-3000-share/](https://electrek.co/2021/09/04/elon-musk-tesla-tsla-worth-3000-share/) +[https://np.reddit.com/r/TrueReddit/comments/54yh7h/millennials_have_very_little_confidence_in_most/d86n0e2](https://np.reddit.com/r/TrueReddit/comments/54yh7h/millennials_have_very_little_confidence_in_most/d86n0e2) + +Poster replies to a question asking him why he states that 401(K) is unsustainable. + +Any thoughts on this? +Mutual fund managers are struggling to beat benchmarks. + +According to Morningstar, 54% of all actively-managed large-cap funds fail to beat their benchmark indices.  + +Index investing is the answer! + +https://economictimes.indiatimes.com/wealth/personal-finance-news/mutual-fund-managers-are-struggling-to-beat-benchmarks-should-investors-be-worried/articleshow/64424651.cms + + + +Hi fellow investors + +Like every year, I review my portfolio for MFs allocation. In Liquid funds, I was reviewing the top performers (among other things). + +I noticed that Quant Liquid Plan: + +1. Seems to be around for \~7 yrs now +2. Have very low AUM +3. But, is the best performing of the lot with very good risk factors (better than peers) +4. BUT, have very high TER (0.62% for Liquid fund - Direct) + +I saw similar trends across different categories. Good performers, but low AUM & high TER. + +This is literally the first time I'm hearing about them. I can't find a lot of reviews either. From those who are better informed, can you educate me about the complete picture? Am I missing something history here? +My parents, who put me on this LIC policy are being complete brick walls when I talk about how this is a HORRIBLE policy to have on my portfolio. + +Policy details: + +* Plan: Jeevan Anand (149) +* Commencement date: 23/5/13 +* Sum Assured: Rs. 50,00,000 +* Accident bonus: Rs. 5,00,000 +* Term: 25 years +* Premium: 185700 p.a. +* Maturity: 5/38 + +I wasn't in India when they got me onto this plan, so I had no say at the time. I am 23 now. + +I have paid the premiums till 2017, and I really want to surrender this policy now. However, is it better to make it paid up? + +The worst part is that the agent who put me on this plan is my father's friend and as I've seen, he's really just a leech gobbling up commissions. + +I used a really low interest rate, i.e. 10% to show that in 25 years investments in equity would far outperform "investments" in LIC's Jeevan Anand. However when they asked me to show what would happen if I invested in equities from now till the maturity date of the insurance policy, then the result was a lower return - continuing with LIC would net me ~1.33cr in 5/38, while an Equity MF would net me ~1.23cr, at 10% p.a. with a principal amount of 1,87,500 invested yearly. + +Then I explained that I was using a very conservative estimate, and that increasing the interest rate to 11% would match LIC's returns, however the reply I got was that "both calculations use assumptions, and either one could be right". Explaining that on average equities outperform everything in the long term, and showing graphs was of no use. + +I used freefincal's spreadsheet calculator to determine whether it made sense to go paid up or surrender, and I got a value between 7 and 8%, assuming that the bonuses are going to be decent (I used 49 in column E, based on a declared bonus of 2,45,000 I found on an online calculator). + +The big emotional deterrent seems to be the fact that surrendering the policy means losing a few lakhs of the premiums paid. Getting my father past the sunk cost fallacy is proving to be very difficult. + +I've sent the advisor an email to give me the paid-up and surrender values for the next five years, i.e. from 2018 to 2022. Let's see what data he gives me. + +The offer I've gotten from my mom is that my dad will pay the remaining premiums from his pocket while I can invest as I please. But I'm worried this will affect my ability to get a decent term life insurance in the future when I actually need it, and I want to get my dad on a term life insurance now because I am not fully financially independent and we have major planned expenses to take care of right now, as well as those that are coming up in the next few years. His own life insurance portfolio is a graveyard of reduced paid up policies that when combined have less coverage than even the policy covering me right now. It's barely enough to pay for a half a year of my brother's college tuition, let alone living expenses. My mother has an even worse coverage. + +I'm not even aware of how many pots he has placed his money in, and he never discusses them with me, the only person in the family even remotely interested in managing our finances systematically. Hell, I doubt even he is aware of all the places he has dumped money like this, and I'm not even getting into his real estate investments, which is a discussion for another time. + +You know the kicker? We're not even that rich by global standards. +I'm a novice in this regard but I'm willing to do the hard work and read up on things if it is indeed a legitimate strategy for investment. + +Most people I know who talk about bitcoins do so flippantly and therefore it's hard for me to take them seriously. + +I'd love to hear opinions. +Hi, + +How can we know if a fund is a flagship fund of that AMC or not? + +Is there any list available or is it declared by AMC anywhere? I didn't come across any so asking. + +Thanks. + +&#x200B; + +EDIT1: From comments I see discussion going somewhere. Informally AMCs sometimes promote one fund over the other or have skin in the game of some funds etc. I am looking for such funds. Some comments are ideally correct but I am looking for practical cases if any. + + +If I can invest ₹10000 per year in Gold. + +Potentially will sell them in future IF their prices increase + +I know diamonds are pretty much useless as investment and ₹10000 per year can barely buy any diamond. +A well know builder, recently, distributed a supplementary along with the daily newspaper assuring 100% returns in 3 years. What surprised me was, even when real estate was giving 30% yearly returns we never saw these type of advertisements. Now that such “assurances” are being given, it should act as a warning and people should be wary of investing in real estate. + +In the past we have heard sellers, buyers and by-standers say things like: + +“In India real estate prices cannot fall.” + +“As long as there is black money in the system, prices will not crash.” + +“Prices not going up means prices have fallen.” + +People who say that real estate prices cannot fall in India have forgotten that real estate price did drop between 1997-2002. During that period the prices fell between 40 to 50 percent. Unfortunately, be it real estate or equities, investors have short memories. + +Things start becoming scary when people start thinking and believing that prices will never fall and will keep going up for ever. Price volatility within a certain band is good for a healthy market (I suggest Antifragile by Nassim Nicholas Taleb). And this is not only true for equities and commodities like oil and gold but even for real estate. People assuming that prices will only go up or in worst case they will remain stagnant, is the sign of complacency. And economic systems have always punished investors who are complacent. The unexpected has happened in past and will happen in future. The unexpected takes people by surprise and that is the reason it is called “the unexpected”. No one had expected the stock market crash of 1987 until it happened; no one had expected the mortgage crisis of 2008 until it happened. + +Black money is generated broadly in two ways: one, money earned through a legal business on which tax is not paid and two, money earned through corrupt illegal means. The former group of people have saved 30% of their income by skipping the tax payments. These guys will start getting restless if their investment does not appreciate after 2-3 years as they will feel that they would have been better off paying the tax and investing the money legally. + +Real estate speculators/investors who have invested their black money in real estate do not mind sitting on property for a longer duration than others (genuine white money investors). But eventually they will be interested in "booking profits”, as they were never interested in staying in that property to begin with. Now whenever this property comes into market for sale, the buyer could be another black money investor or a genuine white money buyer. Irrespective of who the buyer is, an oversupply is going to dampen the prices as both type of buyers want a good deal. How the property got purchased becomes immaterial after it is owned. All that matters is when it is going to come up for sale. And if the supply is higher than demand then prices will fall. My point is, after being sold from one black money holder to another for profit, property needs to be bought by someone who plans to stay in it at some stage. This is the end genuine buyer. If prices are irrationally expensive for this last buyer who wants to buy property for consumption, he will simply not buy it! Speculators can keep trading property back and forth with their black money, how much ever they want. Speculative prices can continue to be driven by the speculative black money investors. Who cares! Essentially genuine prices will be driven by the genuine end-user. People looking to buy might as well rent if that is much more cheaper. + +I am just happy that, unlike few years back, now people are now saying things like: + +“Real estate is too hot.” + +“There is too much supply.” + +“I should liquidate my property right now instead of regretting a missed opportunity later.” + +These thoughts brewing in the minds of property investors will pull the prices down quicker and deeper as supply will increase at a brisk pace. Sooner or later white money real estate investors (NRI, HNIs etc) will feel that stocks will give better returns and will move money from real-estate to stocks causing one to rise and other to fall. Of course, early birds (to get out) will get the worm. + +Right now everyone is thinking, ”Let’s wait it out". + +Problem starts when, the wait becomes too long and people start losing patience. (In equities there are people who won’t sell a falling stock at 100 will eventually sell it at 50). + +As the wait gets longer and interests payments become unsustainable, price appreciation is not in sight, people will come on the table to make a deal. + +Longer the wait sharper the fall! + +EDIT: + +This essay is screaming "Citation Needed" at top of its lungs. So here are a few citations: + +* [Renting vs Buying Spreadsheet from Khan Academy](https://www.khanacademy.org/downloads/buyrent.xls) +* [Real estate dip during 1997 and 2002](http://www.caporbit.com/what-happens-to-real-estate-investment-price-crash/) +* [Sources of black money](https://en.wikipedia.org/wiki/Indian_black_money#Source_of_black_money) +* [Black Monday crash of 1987](https://en.wikipedia.org/wiki/Black_Monday_%281987%29) +So according to their prospectus, + +*Values in INR Millions* + +||Q1(20-21)|Q2(20-21)|Q3(20-21)|9M(20-21)| +|:-|:-|:-|:-|:-| +|Gross Order Value(GOV) *\[ pg 126 \]*|10936.3|20952.2|29810|61698.5| +|Contribution Profit/Loss as a % of GOV \[ pg|6.5|7.1|4.6|| +|Contribution Profit and Loss|=10936.3\*0.065 = 710.85 |1487.6|1371.2|**3569.72**| +|Revenue from Operations||||**13013.49**| + +I thought the contribution profit would be close to the revenue from operations, but it is only around 5.7% of the total revenue. So, exactly what does Revenue from Operations contain ? +I usually have one hour commute to office on each side. I prefer to listen to podcast while travelling. I usually listen to money control podcast daily and paisa vaisa whenever episode is released. I have listened to whatever episodes capitalmind podcast have put out but they aren't new ones for last 2 months. + +Please suggest any other podcast on this line of podcasts. + +@mods: please delete this post if it is not in line with sub rules. +Hi fellow investors + +Like every year, I review my portfolio for MFs allocation. In Liquid funds, I was reviewing the top performers (among other things). + +I noticed that Quant Liquid Plan: + +1. Seems to be around for \~7 yrs now +2. Have very low AUM +3. But, is the best performing of the lot with very good risk factors (better than peers) +4. BUT, have very high TER (0.62% for Liquid fund - Direct) + +I saw similar trends across different categories. Good performers, but low AUM & high TER. + +This is literally the first time I'm hearing about them. I can't find a lot of reviews either. From those who are better informed, can you educate me about the complete picture? Am I missing something history here? +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://indiainvestments.wiki/discord) and seek answers to your queries + +If you're looking for reviews on any of these following, follow the links: + +- [which bank or brokerage to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +- [which fund house is more capable and trustworthy](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +- [which investing platform to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), +- [which insurance company is reliable](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) + +Generally speaking, there is no best stock, or fund, or bank, or brokerage, or investment platform. + +Answers are always subjective to your personal needs, but use those threads a starting point for you to look at what other Redditors have to say about a company, product, fund, or service. + +You can then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is _I got 10k INR, what do I do to get most returns out of it?_, or anything similar; there is no single answer to this question. But we will also need A LOT MORE information if we are to provide some sort of answer: + +- How old are you? +- Are you employed/making income? +- How much? What are your objectives with this money? +- Do you have any loan, or big expense coming up? +- What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it's 100% safe?) +- What are you current holdings? (Do you already have exposure to specific funds and sectors? Have you invested in equity before?) +- Any other assets? House paid off? Cars? Partner pushing you to spend more? +- What is your time horizon? Do you need this money next month? Next 20yrs? +- Any big debts? +- Any other relevant financial information about you, that will be useful to give you an informed response. + +Beware that these answers are just opinions of fellow Redditors and should only be used as a starting point for your research. This is **NOT** financial advice, in legal sense of the term. + +You should strongly consider consulting a registered fee-only financial advisor before making any financial decisions. Ideally, such advisors should be registered with SEBI, and have a registration number. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1). +A financial influencer had a go at me about why the cost of of financial advice is so high and why there isn't a lower cost alternative. + +I walked the influencer through a simplified model of a small firm and solo operator. I've added more detail for this post. I also said that anyone looking to switch has both opportunity cost and risk of launching a business. Hence, the solo operator figures. + +I did have to cover non-compete agreements and moonlighting under duel roles is frowned upon. As well as the compliance issues it creates for dealer groups. + +Basically, there is great difficulty when someone leaves a secure role on between $100k-140k to launch a start up, especially when considering life staged, capital required and the economy at the moment. + +The example below shows the cost structure, profit margins, revenue targets and client services metrics in an ideal situation. It also addresses the issues of fixed fee vs percentage based fees, along with the number of clients a firm can service. + +The table below contains the cost structure of a 3 person silo and a single operator under a dealer group model who internalises their workloads (advice production). The purpose is for a comparison. + +While it's possible to save money in some areas, they tend to average out. For example, salaries might range from $320k down to $240k depending on the skill, experience and qualifications of the people in the firm. However, they might not have the same level of production output. + +As a side note, due to the remediation work thats been taking place over the last 5 years, talent has been sucked out of advice and into compliance roles which has increased the salaries and reduced the supply of qualified employees. These figures could be verified on Seek. + +The totals at the bottom are the expenses only, $501,500 & $217,000 p.a. + +Most professional services firms have an operating profit margin of between 25% - 40%, which would set the revenue target at between $625,000 & $700,000. + +There is nuance to this point but in summary all business need capital to start and investors would expect to generate a Return on Equity (ROE) that is higher than a liquid diversified portfolio i.e. the stock markets 7-8% p.a. So, it makes sense than someone would say the risk premium, and liquidity premium for investing in a small business is worth 10% each (20% total) at an absolute minimum. + +**Fixed fee vs a percentage based fee** + +The method of how you get there is a sticking point. Fixed fee vs a percentage based fee. I've seen both models work well, and both perform poorly. + +The better firms tend to match the fee structure with the clients goals, preferences, risk profile, product and portfolio. Meaning that the firm becomes indifferent and offers both options. It's a nuanced point. + +Assuming a fixed fee model, then $700,000 is divided by the number of clients a firm can service in a year. Assuming 100 clients, that's an average fee of $7,000 per client. + +Assuming a percentage based model of 1% p.a. $700,000 is divided by 1% to determine the level of funds under management (FUM) so about $70m for revenue, or $50m for costs. An interesting point on this goes back to risk management, the better firms tend to manage the risk in a clients portfolio better because of the relationship between profit targets and their revenues. Terrible firms don't have the same robust risk management frameworks and when markets fall, they feel it. + +**Where do insurance commissions come in?** + +Fair disclosure, the figures above don't factor in insurance yet. In the last few years insurance commissions payments have dropped from 130% upfront down to 66% and ongoing commissions have also fallen due to regulatory changes. So if an insurance premium is $2,000 for life cover, then the commission would be $1,320 ($2,000 x .66). + +At face value it is easer to assume a commission figure like $100,000 p.a. split between 50% upfront and 50% ongoing. Mainly because of how the composition of firms client base can impact the necessary levels of cover and premiums. Let's make a few assumptions to see that commission rates are 66% upfront and 20% ongoing. + +Upfront commissions: $50,000 / .66 = $76,000 in gross premiums, but that's split across 30 clients over a 12 month period. Which means that on average 30 clients pay $2,500 to have Life, TPD, Trauma, IP. + +Ongoing commission: $50,000 / .20 = $250,000 in gross premiums, but it's split over 60 clients, or $4,100 in premiums per client. + +Commissions can create a misaligned incentive structure where people are advised to take out excessive insurance, the wrong types or unnecessary cover. There are rules at dealer groups to stop churning, like 're-brokering' a policy inside 3 years, it normally triggers a manual review and some form of vetting, audit or compliance check. + +**How many clients can a firm service in a year?** + +To charge a fee for personal advice, you must produce a legal document called a Statement ofAdvice (SOA). It can run up to 100 pages in length and takes about 20 hours to produce, give or take. Add to that the marketing, meetings, notes and SOA presentation meeting and implementation that go into it, the whole process can take about 40 hours. + +The amount of time required can be debated a little, but not much, it really does take that long. + +**How many hours are there in a year?** + +Working the standard 38 hour week, thats about 1,900 hours, take out holiday, sick leave, education (CPD) and a little bit of slippage and your at about 1,700 hours p.a.. In a team of three, thats 5,100 hour in total. + +5,100 / 40 hours = 127 clients. + +Taking a grain of salt with this, a firm can service between 100-120 clients p.a. at full capacity and still operate within the law. + +What is the average fee a firm would need to charge across 120 clients to meet their $700k revenue target? + +About $5,800 ($700,000 / 120) or $7,000 ($700,000 / 100) + +**Adjusting the figures** + +Some firms are ruthless with cost cutting and driving efficiency, so they may only have $450,000 in expenses. + +Some firms might only have $600k in revenue, but it's made up of $100k in commissions, $300k fixed fee and $200k in percentage fees. They might have 80 clients or they might have 120 clients. Meaning they might have spare capacity to take on new clients. + +Links + +* AFR - [https://www.afr.com/companies/financial-services/100-000-quit-financial-advice-as-fees-jump-another-8pc-20220418-p5ae5t](https://www.afr.com/companies/financial-services/100-000-quit-financial-advice-as-fees-jump-another-8pc-20220418-p5ae5t) +* ABC - [https://www.abc.net.au/news/2022-04-27/strict-regulations-and-high-fees-turning-customers/13856384?utm\_source=abc\_news\_web&utm\_medium=content\_shared&utm\_campaign=abc\_news\_web&fbclid=IwAR13S8fOcQBfK1LZXwPcZJ9-oQ1vaWtL8cKNZxPOJ4rZv-maocfZcRdH1bM](https://www.abc.net.au/news/2022-04-27/strict-regulations-and-high-fees-turning-customers/13856384?utm_source=abc_news_web&utm_medium=content_shared&utm_campaign=abc_news_web&fbclid=IwAR13S8fOcQBfK1LZXwPcZJ9-oQ1vaWtL8cKNZxPOJ4rZv-maocfZcRdH1bM) +* Adviser Ratings - [https://www.adviserratings.com.au/news/the-changing-face-of-the-australian-adviser-and-their-clients/](https://www.adviserratings.com.au/news/the-changing-face-of-the-australian-adviser-and-their-clients/) + +&#x200B; + +|Licensing costs|Amount (3 person team)|Amount (Solo Operator)| +|:-|:-|:-| +|Authorised Rep Status (Adviser)|$25,000|$25,000| +|Authorised Rep Status (Associate)|$12,000|| +|Insurance (2% of revenue ($700k x 2%))|$14,000|$5,000| +|Software Packages ($7k x 2)|$14,000|$7,000| +|||| +|Salaries (Incl. Super)||| +|Financial Adviser|$140,000|$140,000| +|Associate Adviser / Paraplanner|$110,000|| +|Client Service Manager|$66,000|| +|||| +|Fixed Costs||| +|Office Space ($450 p.a. x 150 sqm)|$67,500|$15,000| +|Office Equ. (IT, Website, Hardware, Stationary)|$30,000|$5,000| +|Marketing / Advertising|$20,000|$20,000| +|||| +|Total|$501,500|$217,000| + +&#x200B; +I’m an American in the US, wife has British and EU citizenship. I’ve got 28 units all within about 2 hours of where I live, some with a PM but most managed by myself. + +We’re having the kids discussion more and more, and my wife is getting more adament that she wants her kids to grow up in Europe with her family nearby. I don’t love the idea of moving to Europe, but it’s not the hill I’ll die on. Thing is, I have absolutely no clue what to do from the perspective of expanding my portfolio. + +My current units I can hand off to a PM, the cash flow is there, especially when you take into account the lower COL. I had a decent side hustle flipping 2 or 3 houses a year but I haven’t been able to make the numbers work in a while. + +My real problem is I don’t know anything about investing in Europe. How the mortgages work, the tenant laws, which countries, etc. and I have no idea where to start. I spent a decade learning and experiencing US real estate and feel I’d need to start all over, likely with worse laws for RE investors. + +My other option is trying to make acquisitions in the US from Europe, but I’ve never bought a property I can’t drive to before. + +So, my questions are: +1. Why should I choose buying properties in the EU instead of remotely in the US or vice versa? +2. If I should choose the EU, what resources should I start looking at to understand the markets and protocols? + +Should I choose to buy in the US remotely, I’ve got more or less as good an understanding as one can get without actually doing remote purchasing. I have a market I know like the back of my hand and contacts to cover property management and the like, and have a couple backup markets I know well too. But there’s still a big jump to actually doing it +How do you handle yard/landscaping on SFH. I’ve heard people hire a monthly/biweekly service, pay the tenant to handle or not pay the tenant and write in the lease that it is their responsibility. + +How about application fees? Do you refund those to the families that don’t get accepted? How many applications do you run credit and background on before choosing one? + +Thanks for the feedback. + I am purchasing my a SFH to rent out. It is currently rented out to a section 8 family, they have been there 2 years and their lease ends at the end of the month, they would like to stay. I hope to close by the end of the month as well. I would like to request an increase of rent from the housing authority, this process would take 60 days from the day I obtain possession. + +My question is, do I go ahead and sign the family to a new lease, and then request the rent increase? (If approved, do I amend the lease?) +Or, do I keep them month to month, wait until I get a response from the housing authority on rent, write that new price into the lease and have them sign then? +I really appreciate all the help I've received from this community while I'm ramping up on my option trading prowess (haha). That's why I want to share with the community an absolute gem that I recently discovered. I call it "severely undiscovered" because the channel is fairly new and most videos have very few views, with a few probably just from me (LOL). But boy, oh boy, let me tell you, almost every single video I watched taught me something or taught me a lot. + +**The channel is called** [**Options in Plain English**](https://www.youtube.com/channel/UCXx25ZQw1w2sU1wKv4aRqVw/videos) . + +Because I had already watched hundreds of videos from Option Alpha, Tastytrade, option project, etc., I thought I'd skip his Beginner playlist. But after I watched a few in the Advanced playlist, I was curious to hear his teaching on the fundamentals. I was surprised that for topics that appear to be covered in every book and every other Youtube channels I've been exposed to, I still learned something new from his teaching. Let me tell you. His teaching is deeper than everyone else's I have seen. Here is an example of a slide in his Beginner course on [Vega](https://www.youtube.com/watch?v=cLZULAT7S9k). Does it get you excited? LOL! + +https://preview.redd.it/w69v2lh3w9a51.jpg?width=2880&format=pjpg&auto=webp&s=e4d242b0bf1d498a6a8ba928b0186de76cb49fea + +But if you are not into theory, don't let this scare you away. The best part about his teaching is you will gather quickly that he actually has a lot of real world trading experience and know the market nuances very well. An "old hand", maybe? Let me give you a couple of examples: + +* [**Pin Risk**](https://www.youtube.com/watch?v=bsnuNrM7vLI) **(IMHO, EVERY option seller, and even a buyer, should know this well)** +* [**Hard to Borrow effect on Options (NKLA)**](https://www.youtube.com/watch?v=s9LSt0XUsyU) **(I wish I had known this before I went into CSP on NKLA)** + +I only just found out that he's active on Reddit, and have been sharing his insights with the community (including answering my own questions). You can just search for him. + +I have no affiliation with him. I feel almost embarrassed to be promoting his channel when he's an active user here, because I'm way past the age for being a fan boy/fan girl. I hope he doesn't mind my post. But this recommendation is not about me, or even him. It's really to give back to the community that I have gotten so much help from. While I myself do not have much to offer, I offer you the treasure I found. The rest is up to you. :) + +P.S. I posted this in a comment. May I ask you guys to come back and give a shout out if you find value? In this ADHD quick-tip seeking era, deep dive high quality content like what he laboriously put out will never accumulate an earth shattering following, so it is up to us to show our appreciation to keep his motivation up. I for one look forward to seeing more content from him, so I'd hate to see him fade. I have subscribed, smashed every like button I encountered on his videos (if I remembered), and turned on the notification bell. He never asked though. + +P.P.S. My final comment to this thread: + +&#x200B; + +My apologies to the readers who got turned off by my over exuberance. I'm not dumb and can totally see where that came from. + +\- I'm too active on the thread. Well, I always see it as basic courtesy to acknowledge other people when they interact with you positively. I always try to do that when I can, but I understand that when it's so concentrated here, it's noisy and looks suspicious. And some people simply do not enjoy seeing others so joyful. I get it. + +\- My posts are too well structured and they sound premeditated. Who would go through that trouble?! I do. When I set out to share information with others, I do give it a lot thoughts. My main post was to show clearly what this channel I'm recommending about. My follow up post below, I wanted to show that for any topic that came to my mind that I wanted him to cover, I was able to find it addressed already , AND I hope to help others realize it so that they can do their own search as well. + +\- I also recognize that my enthusiasm about sharing the find is not usual, and over the top as some say. That's just me. I've done it for another channel (on some forum outside of Reddit). Where did that come from? I think I have a lot of respect for deep knowledge, and I respect the people who have them, and then respect them even more when I see that they put in a lot of effort to share with others without asking anything back or self promoting. For that reason, when I discover them, I almost have a sense of responsibility or obligation to let other people know. Probably 95% of the people wouldn't care, so I sound like an odd ball. + +I also apologize to the channel owner. Having observed how low key he has been, I feel guilty that this thread put him in the spotlight, and then people started questioning HIS integrity because of ME! I have done some defending, but I have nothing more to say to those people any more. As I said, my goal of the post was to share a hidden gem with the community that I appreciate, and I'm not forcing anyone to do anything. I don't think anything more I say can set free those people out of their cynical and conspiratorial mind trap. I'm just sorry that a well-intended post and thread inspires such toxic emotion. + +Well, what can I say, I don't have balls of steel, or balls in general, so I get a little affected by negativity. I will try to let it go and move on. Thanks to all those who respond positively. You all are what's good about the community. +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! + +https://cointelegraph.com/news/ethereum-miners-plot-hash-power-show-of-force-against-eip-1559 + +Some very lame miners with no vision for the future threatened to attack us today out of pure greed. + +They [gained some traction](https://www.reddit.com/r/EtherMining/comments/lzwq37/everyone_move_there_hash_to_ethermine_april_1st/) and Vitalik even wrote an article on avoiding such attacks and planned for a [rushed ETH2 plan](https://our.status.im/vitalik-escalates-eth-2-0-merge-as-miners-plan-a-51-attack/). + +Well, it's April 1st and Red Panda (the greedy miner who made the initial threat) is silent. Nowhere to be found. +Most of these posts follow the same pattern, they say something to get you agreeing with them and then slide in their ICO/baghold of choice. Buy Walton coin. +According to the computershared.net estimate, 65.69m is remaining to buy/drs + +It also estimates 200,400 CS accounts + +That means each account needs to buy an additional average of ~328 shares each + +That is down by 2 shares each since the last update + +At $25/share, itd take $8195 per account to lock the free float + +At $20/share, itd take $6556 per account + +At $15/share, itd take $4917 per account + +At $10/share, itd take $3278 per account + +At $5/share, itd take $1639 per account + +This gives you a picture of how it's very realistic to lock the free float in coming months, and how it becomes easier the more they drop the price +Here is some information about 529 plans, with the goal of crowdsourcing comments towards creation of a wiki page. + +- What is a 529 plan? + +A 529 plan is a tax-advantaged investment account for higher education expenses, as well as some private primary / secondary tuition. Higher education expenses include tuition, fees, books, computers, room and board, and $10,000 lifetime in student loans. They do not include e.g. transportation or health insurance. This is your go-to plan to save for your kids' college education, but with some potential pitfalls described later. + +A 529 is something like a 401k, with institutional control and individual account ownership, and it then adds a named beneficiary. The owner controls the money; the beneficiary incurs the allowable expenses. The owner decides how to invest the money based on investment choices allowed by the particular 529 plan chosen. These choices are often like target-date funds with dates appropriate for your expenses. If you want multiple concurrent beneficiaries, you typically use multiple accounts. + +Perhaps surprisingly, (almost) all 529 plans are controlled by individual states, even those offered through e.g. Vanguard, Schwab and Fidelity. Those states determine what owners can invest in and whether there are any unique tax benefits. Note that in this article, I am limiting the discussion to generic investment accounts, as opposed to prepaid tuition plans that are offered by a few states. Those are generally less useful choices, but you could look into those for a full understanding of your options. + +(There is a closely-related plan called a 529A / ABLE plan for people with disabilities; this is outside the scope of this article, though.) + +- Tax advantages and benefits + +For allowable education expenses, a 529 plan is Roth-like, in that earnings are tax-free and don't even count as part of your income. Used on other than allowable education expenses, distributed gains (but not contributions) are taxable income, also subject to a 10% tax penalty. There are many ways to work around that, but you may not be able to use them in every case. + +Like a Roth account, there is no federal deduction for 529 contributions, but unlike a Roth, many states allow a state tax deduction for at least some 529 contributions to their own 529 plan, and a few offer a deduction to any plan. A few offer no deduction. [Here's a list.](https://www.savingforcollege.com/article/how-much-is-your-state-s-529-plan-tax-deduction-really-worth) + +There is no hard federal annual or lifetime limit to the amount you can contribute to a 529 plan, though states have aggregate limits in the $250K-500k / beneficiary range, sometimes limit annual contributions, and you may have to do gift tax paperwork (but not pay gift taxes) if you exceed $15K /person / year. You do not have to be the owner to contribute to a plan, so friends and family can contribute to a plan owned by someone else. + +One interesting wrinkle is: in some cases, if you are paying for your own college education, you can actually make your own 529 plan with you as owner and beneficiary, deduct your contributions on your state taxes and then immediately pay for school. This only gives benefit when you get that state deduction, though. + +- Limitations and workarounds + +The big limitation is the need for qualified education expenses. What if your kid doesn't go to college, or you contributed more than you end up spending? You would eventually be taxed and penalized when you withdraw the money. Workarounds include: [changing beneficiaries](https://www.savingforcollege.com/article/how-to-change-the-beneficiary-on-your-529-plan) to another family member, even yourself; or using the money for other types of education expenses, e.g. that Tuscany cooking school vacation might be partially allowable in some cases. + +If your beneficiary gets a scholarship, you can use 529 money for allowable expenses beyond the scholarship, and also take the money out up to the value of the scholarship; gains used that way will be taxed though not penalized. + +A secondary limitation is choice of type of investment. Like a 401k, you can only invest in what your plan allows, and even more restrictively, you can only change occasionally, typically twice / year. You will be subject to the fees charged by the plan, which are similar to 401k fees. If you decide you don't like the 529 plan you selected initially, you can roll over to another 529 plan without any federal tax impact once / year. Rollovers may affect your [state taxes](https://www.savingforcollege.com/compare_529_plans/index.php?page=compare_plan_questions&plan_question_ids[]=87), though. + +- effect on financial aid + +While a full discussion of financial aid is more than we can do here, the [primary rules](https://www.savingforcollege.com/article/yes-your-529-plan-will-affect-financial-aid) about 529 plans are: money is counted as available asset for the owner, so would affect the expected family contribution if that is a parent. In most cases, if you have enough income to establish a significant 529 plan, your expected family contribution will be high enough anyway that the 529 aid reduction effect will be minimal. + +One workaround when this is a concern: assets owned by grandparents are not considered family assets, though they will be counted as income to the student when spent, so best to use these only in later years. + +- What should you do? + +If you want to save for your children's (or other relatives...) college education, you can establish a 529 plan at any time, and contribute what you want to, either regularly or irregularly. One observation is: people seem more willing to set those up when kids are young and adorable, as opposed to rebellious teens. It doesn't generally hurt to contribute some money at an early age, but resist the urge to fully fund a 529 account before you determine that your kid won't even go to college. That happens, too. + +You definitely want to prioritize retirement contributions before making 529 plan contributions, since there are student loans but not retirement loans. + +Once you decide to make a plan, the actual choice of plan depends on where you live and what you think about the available options. There are many many 529 plans, so you may want to look at third party review sites to get an idea of which plans would be best for your situation. Here are a few examples of those: + +https://www.bankrate.com/investing/best-529-plans/ + +https://www.savingforcollege.com/intro-to-529s/which-is-the-best-529-plan-available + +https://www.morningstar.com/articles/1006084/the-top-529-college-savings-plans-of-2020 + +So that's an overview of 529 plans. If you have questions, ask away. +I’m sure we all know how to yell out ways to make profit in the market and possibly be green for a day or two in a row but these question goes to the very tiny small group of you that have been consistently profitable. + +How do you cope with days that you don’t meet your goals? Do you double down on it the following day or until you’re back on track? Or do you just simply adjust your long term goal based on your current perfolio value? + +How do you manage the extra money on the days that you pass your goals? Do you set it aside (as back up) Or do you just keep it for more buying power to use immediately? + +I’m sure that to get to this point, you have to follow your own set of strict rules (entries/%profit/stoploss etc...) so even on profitable days, how often do you find your self breaking or almost breaking your rules, and how do you fix yourself? +Thank you for contacting. + +Swedbank keeps securities with custodians or in the register (except in the Estonian securities register) in securities accounts opened on behalf of the bank for the joint storage of securities (e.g. representative account, customer account). Therefore, DRS transfer is not possible through us, and SSI (standard settlement instructions) data must be used for the transfer of foreign securities. + +According to our information, Computershare does not support SSI transfer, and if you want to transfer your share(s) there, you should use the help of an intermediate broker (eg Interactive Brokers, etc.). In other words, first transfer the SSI data to the intermediate broker's account, and then transfer the DRS to Computershare. I draw your attention to the fact that in order to transfer securities, you must have accounts with all parties. It may also not be profitable for you, as transfers are accompanied by service fees, which significantly increase the purchase price of the share. In some cases, it is easier, faster and more profitable to sell shares in one system and repurchase them in another system. + + +I gonna start DRS. Fukitol. +In January 2020 it would cover only 6.64%, so it’s actually a decline. Fortunately, it was caused by a peak in expenses, where I paid a deposit on my upcoming wedding. The total amount was $158.66, which is up by 30.94% from the previous January. Considering that for the past months I have bought mostly growth stocks, that’s an amazing increase. In January I only bought VICI to my dividend portfolio. Looking forward to March 2022, which is the strongest month out of the three. + +Sneak peek at a fraction of my dividend calendar :P + +[dividend calendar for my dividend portfolio](https://preview.redd.it/ubtxb29c59f81.png?width=2052&format=png&auto=webp&s=1f58f5670ab685137893ba5bf0042da803589291) + +**What is the percentage of living costs that would be covered by dividends in January 2022 for you?** +1.14 AAPL +3.08 BAC +4.02 CRF +40 DHY +16.01 PHK +2.09 QYLD +1.06 SPHD +2.17 SPYD +10.04 SRET +1.06 STAG + +I got into this with no experience, got the Robinhood app and found r/dividends and wanted to get Into it. Anything I should drop? Any recommendations on dividend paying stocks and ETFS? +THE REAL ONES KNOW NOT TO SELL ANYTHING BEFORE AT LEAST 100K + +&#x200B; + +They need every real share that exists, and they cant have them all without us + +&#x200B; + +Stay strong, and stop crying.... you guys are starting to piss me off +Started the year at 45k, yolo’d into GME and sold the top perfectly, hit 350k in early February. + +Then in a series of bad decisions I yolo’d into SPAC warrants and lost all my gains and more. My portfolio hit 38k in June. + +My next move was to yolo into TELL calls and I rebounded to 150k in August. + +The next few months I day traded heavily and lost another 50 grand… I was down to 100k. + +My next ultimate retard move was to yolo into a biotech, lost 80% in seconds when the trial failed. + +Day traded some more and lost another 40%… ended the year at 12k. + +The benefit to this is I don’t have to pay any taxes at all this year. + +My net loss is only $7800 because of adjusted wash sales but it will still be a nice deduction: https://imgur.com/a/YPDjwyo +CTXR?! + +Wow today was a great day holding through this bearish day on 2/18/2021. Massive downward trend in 80% of the market today. CTXR held its ground and stayed very stable around 1.50 average. + +This is a great sign we have eyes on the prize ladies and gentleman. CTXR had whale size orders being placed all day long today. Ranging from 10k - 300k shares consistently. As the price has not budged much due to the direct offering happening tomorrow we shall see a great uptick in price tomorrow at opening market! + +April seems like a long time away but its well worth the wait before the stock explosion. + +Today we doubled the average volume per day.. This stock is getting attention and its going to be too late very soon. If this gets the attention of many retail investors on Facebook and many other popular reddit feeds this thing could go off. + +Average Volume: **16M** + +Today's Volume: **33.29M** + +Market Cap: **94.10M** + +Outstanding Shares: **71.03M** + +Float: **37.46M** + +\^\^ Everything I read from these numbers mean a lot to me. This company is very undervalued and has so much potential to take off. Price could roar rapidly upwards. + +*Disclaimer: 21,000 @ Average $1.50* + +*I am not a financial advisor. This is not investment advise but rather just free information for you to understand the stock.* +I need a bit of a sanity check, folks. + +Last week we saw Iota and Stellar at low, *low* prices. We're talking Costco levels of low. Fast forward, and now (or a day or two ago) there's almost a vertical rise in all of these currencies, and it's all suddenly magical "the bulls are riding back in" territory. I read about the whole "Bart pattern" stuff, and really I'm just feeling super-pessimistic about this whole jump. + +You know what's strange about all this? I didn't budge when prices dropped in similar fashion a few weeks ago, but maybe that's since it was less extreme and they seemed to slide down instead of going "$10? ...whoop! $20!" + +I still want to buy these two and about 3-4 other currencies, but I'm way too wary of how markets have been to trust this current jump. I know not fomo-ing in might bite me in the ass - trust me, it did when I saw Ethereum at $10 for a month last year - but I'd rather go into this with a strong mind. Am I crazy for doubting the rise, or is there weight/justification to this notion? +I noticed that Bitcoin has gone up and down these past several months. Theres peaks and valleys and I get the feeling this is nothing out of the ordinary. Same thing with Doge coin. The previous spike followed a significant decline but remained steady after a while before spiking again. I am pretty sure itll slowly go up again as it did last time after the dust settles from this dip. I am new to crypto so is this a common cycle? Does this mass hysteria happen every once in a while? +I hate to be a bandwagoner. Usually I find that when I see something skyrocketing, the SECOND that I get enough FOMO to invest, it crashes. However, Monero has always seemed like a better alternative to BTC – more anonymous, more secure, etc. I honestly think that as it gets easier to buy the currency it will do better and better. And it already seems fairly established, that it's here to stay, but it's only a few hundred per coin. + However, I also always see posts about how altcoins are stupid investments, etc. Would I be stupid to invest, say, 1 grand into Monero as an experiment? +Happy weekend everyone. + +Is the DAO incident still affecting Ethereum's sentiment? After all this time? + +I read another sub (/r/silverbugs) where someone recently posted about bitcoins price. I replied stating that Ethereum was currently a "good buy" and people may want to look into it if they missed out when Bitcoin set sail. One reddit-er responded stating Ethereum had "lost legitimacy after the DAO incident". He was then upvoted 3 times - which is quite a lot for a trivial comment on that sub. I'm seeing similar replies to comments all over the internet. + +Is there an aircraft hanger where thousands of bitcoiners dredge the internet for Ethereum comments and reply the same day with negative comments such as: + +* "Vitalik has serious health problems" +* "Ethereum is dead" +* "Ethereum isn't secure and does rollbacks" + +...or is their genuinely a sentiment against Ethereum, in the wider community, over and above bitcoin maximalists spreading their FUD? Is it the case that the biggest publicity Ethereum ever got was the DAO hack and that's all it's remembered for? Could their have been better PR during the incident? + +I honestly don't think people understand the nuances of the exploit either. It was a vulnerability in a contract written by a third party and put on Ethereum and not the Ethereum platform itself right? + +Finally, do you believe that the DAO hack will be just a footnote in Ethereum's history in 12-24 months time? +Happy weekend everyone. + +Is the DAO incident still affecting Ethereum's sentiment? After all this time? + +I read another sub (/r/silverbugs) where someone recently posted about bitcoins price. I replied stating that Ethereum was currently a "good buy" and people may want to look into it if they missed out when Bitcoin set sail. One reddit-er responded stating Ethereum had "lost legitimacy after the DAO incident". He was then upvoted 3 times - which is quite a lot for a trivial comment on that sub. I'm seeing similar replies to comments all over the internet. + +Is there an aircraft hanger where thousands of bitcoiners dredge the internet for Ethereum comments and reply the same day with negative comments such as: + +* "Vitalik has serious health problems" +* "Ethereum is dead" +* "Ethereum isn't secure and does rollbacks" + +...or is their genuinely a sentiment against Ethereum, in the wider community, over and above bitcoin maximalists spreading their FUD? Is it the case that the biggest publicity Ethereum ever got was the DAO hack and that's all it's remembered for? Could their have been better PR during the incident? + +I honestly don't think people understand the nuances of the exploit either. It was a vulnerability in a contract written by a third party and put on Ethereum and not the Ethereum platform itself right? + +Finally, do you believe that the DAO hack will be just a footnote in Ethereum's history in 12-24 months time? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I'm tired of looking all places to get news and opinions of $SCR trying to make a public group chat for stock holders + +r/ScoreMediaAndGaming. + +if its not a good place to post this tell me i will delete this post. +What are your plays for the week? What you buying and selling? What were your best plays? + +Remember this is a community to learn. + +**Downvotes are discouraged** + +**Sort by New to find the best daily play** + +Add 🚀🚀🚀 if you serious +What are your plays for the week? What you buying and selling? What were your best plays? + +Remember this is a community to learn. + +**Downvotes are discouraged** + +**Sort by New to find the best daily play** + +Add 🚀🚀🚀 if you serious +Quote from news release: + +These latest testing results confirm electro-technical proof of concept for the SiC HEI as the most efficient inverter of its type, with the ability to significantly increase power density and reduce cost, size and weight for future electric vehicle and other e-mobility powertrains. + +Full Press Release: + +https://www.newswire.ca/news-releases/hillcrest-achieves-technical-proof-of-concept-for-high-efficiency-inverter-861547162.html +Does anyone have an opinion on GRAT.V? Everything I read gives me a ‘too good to be true’ vibe. Best case seems priced in and is there really the potential to disrupt the graphite industry? It’s either still an easy play or it’s not. +The federal government is working up a multibillion-dollar scheme to construct residential housing as part of its strategy to stimulate the economy and prop up the building industry as the nation emerges from the coronavirus crisis. + +The scheme, confirmed on Tuesday by Prime Minister Scott Morrison, is being developed by Treasurer Josh Frydenberg and Assistant Treasurer Michael Sukkar. + +It is understood the scheme aims to ward off a so-called valley of death in residential construction that is looming when the current run of projects expire. + +"The industry is facing a valley of death. We are facing a decline in residential construction in 2021 of 30 per cent." + +— Denita Wawn. CEO Master Builders Australia + +"It's an issue that has been a key topic of discussion amongst the premiers and chief ministers and myself," Mr Morrison said. + +"If you've got a job in the residential construction industry, Michael Sukkar's here, and Josh [Frydenberg] has been working on plans here," he said. + +Mr Morrison's confirmation builds on various calls in recent weeks from Labor, the Greens, the unions, property and industry groups for a national construction initiative. + +A government source said while the scheme would act as an economic stimulus, its principal aim was to ward off a crash in the construction centre and prop it up until the economy recovered and demand returned. + +"This will be about the people building those houses,'' the source said. + +30pc decline +Master Builders Australia chief executive Denita Wawn said one of the key proposals it had put to the national cabinet was a new home grant of $40,000 that would ensure up to 130,000 homes were built in the 2021 financial year. + +"The industry is facing a valley of death," Ms Wawn said. "We are facing a decline in residential construction in 2021 of 30 per cent and a significant reduction in jobs." + +"There is no doubt there will be a drop in demand with lower migration and tourism but we are not concerned about the long term," she said. + +Mr Morrison again raised the issue of an extreme drop in migrant, estimated by Treasury at 85 per cent. + +"We're looking at net overseas migration falling to 34,000-odd next year. When you think that – it was the great Professor McDonald who set a figure of between 160,000 and 210,000 as being what you need in this country to maintain GDP-per-capita growth – then there's obviously a big gap there," Mr Morrison said. + +"That's a short-term gap, but it's going to be one of the real impacts of this crisis because our borders aren't opening up any time soon." + +Earlier this month, the CFMEU and Master Builders Australia called for the establishment of a $10 billion fund to build 30,000 new social housing units to head off the anticipated investment slump. + +The CFMEU and the MBA, which ceased hostilities over a month ago to keep the construction industry operating, said investment in residential and business construction was expected to fall by 40 to 50 per cent. + +The call for 30,000 new social houses was made separately by the Australian Council for Social Services (ACOSS). + +Property industry groups are calling for a $50,000 new home buyer incentive to drive construction. + +https://www.afr.com/politics/federal/plan-to-avoid-housing-valley-of-death-20200526-p54wk6 +Not even bitching about a property selling for way more than the guide but the real estate agent was dodgy. + +Had a auction where one person bid at the price guide and then the vendor immediately bid for 200k higher than that. Killed the auction on the spot and wasted everyone's time and money spent on reports. + +Don't see any downside of a law that states if bids go above the guide then the property must sell. Also vendor bid cannot be above the guide. Am I missing any negative consequences that may arise from it? +Hey all, + +Last night I paid off $3,000 off my Go Mastercard - destroying my consumer debt completely in one fell swoop. One of my 2019 financial goals realised which I credit to getting serious about controlling my money and keeping track of my home-made spending plan. It felt great at the time but today I woke up with a pin in my stomach... now what? + +I'm almost 29, have a mortgage ($311,000) and roughly $10,000 sitting in cash (7.5k as an emergency fund for 3 months worth of expenses and the other 2.5k for my recurring expenses). My other 2019 goals include beginning my investing journey by investing my first 5k and also to pay extra on my mortgage repayments to pay it down faster. I'm currently saving $500.00+ a fortnight but don't know what to do with it. Paying off the mortgage faster equals less interest and greater savings in the long run whereas investing means building wealth for my later years. + +What do you think is the more important focus right now? +Hello, I've received a notice of enquiry of the HMRC about my self-employed taxes for 2019-20. They want to know how I reached the sales/turnover figure and the expenses claimed. Checking them, I've discovered that I did a stupid mistake and the figures are not correct, the income is around 6k higher (from 21.5 to 27.5) and the expenses should be around 1k higher (from 4.5 to 5.5). When I did my tax return I was dealing with depression and anxiety (and the lockdown) and clearly I was too much on auto pilot (I'm a little better now, and I don't regret having to take meds, they were really useful). + +Obviously I want to come clean with the HMRC, pay whatever amount is needed to pay and right this wrong, but I'd like to know what's the best way of doing it. In the letter there's the email of the person in charge of the inquiry, so I was thinking of telling them about the mistake as soon I contact them, explain why it happened, provide all the documents they asked for and be as helpful as possible. The tone of the letter is not particularly agressive (or agressive at all), specially compared with the ones I used to get when I was self-employed in Spain (those were absolute Inquisition level threats on a regular basis for absolutely anything). + +But also I'm feeling really nervous about all this and want to get at least some advice about it. Also to get a general idea, how much could I end paying? I'm guessing that could be around 2k pounds (taxes owed + penalty)? End of the day the amounts are not spectacular (6k in that tax band is not drug cartel money at all) and I can afford to pay them, but it's just for the peace of mind. +A bank local to me is offering $300 to open a savings account with $5k for at least 2 months and another $300 for opening a checking account with at least a single check worth $500 in automatic deposit within the first 60 days. + +I'm tempted to move some money around and get a $600 bonus just before Christmas. + +Has anyone done this successfully? Anything to be aware of? +First of all, yes I’m an idiot, and I’ve learnt my lesson. + +A friend guilt tripped me into being a guarantor for a £10k loan. It was to bring her mother’s body back from Jamaica so I caved. + +Secondly, this ‘friend’ continues to give me BS reasons for missing payments. This month was the second time she apparently had her bank account hacked and all her money taken out. I’ve come to peace now with the idea that this person will never get themselves in a financial position to pay the money back. + +What I know I don’t want is the constant anxiety of Amigo sending me emails and texts saying there have been missed payments. So I have two options I think: + +1. Pay the loan myself every month. It is a sizeable repayment and after all bills I would only have +£500 a month left. I’d then arrange for this ‘friend’ to set up a direct debit with me. + +2. Try and get a loan out with my bank and pay off the entire loan, and then repay a smaller amount each month. This would be my preference as I want absolutely nothing to do with a loan shark company and trust my bank more. I’d then hope that this friend would come to their senses and pay me something every month. If not, then I’ve come to peace with that. + +What would you advise? +I'm 21, just about to rent my first flat in Southampton. What advice do you guys have for first-time renters? Things to do, things to *not* do, and just general advice? + +&#x200B; + +(EDIT) Thank you ALL! for the great advice. Stuff that I hadn't even considered, so that's great. Looking forward to exploring the city properly and eating Pot Noodles at all hours. +As a 22 year old working full time and saving/investing as much as I can, I'm curious to know what those a few years older would do given the opportunity to start again? +Over the last 3 or 4 years since taking control of my finances I’ve climbed my way out of £4700 worth of debt, curbed by impulsive spending and I’m coming to the end of a deeply regrettable car finance loan, I have a few months left and the car will be mine. I’ve done this all whilst renting my own place so it’s felt a lot harder than had I be able to live at home. + +I only have myself to blame for these actions though. Towards the end of 2021 I was making real progress and had £0 on my CC and £1700 saved up. This was going to be the foundations to springboard me up, to start saving for my own property (FWIW I’m about to turn 27 - and do feel a massive failure about the fact I have <£1000 saved to my name). + +I had a lot of ‘life’ happen at the back of last year, with personal stuff, I had to move rental and other stuff. This has plummeted me down to about £300 and £600 on my credit card (The reason I used my credit card was to ensure I had some Liquid cash available). + +So basically I’m feeling a bit fed up and down about this, with the added burden of a cost of living crisis it’s eaten up at what I can save and pay off, albeit a small amount of debt. I’m fed up with paying for my car finance - it’s just all wearing my down. Then on top of this having to cancel plans with friends as it isn’t financially viable isn’t great. This is compounded by the fact everyone around me seems to be getting a house and I haven’t got £1 saved yet. + +I have a good job and I am on track for a promotion and payrise this year, my salary is good and I live in the south east and have a partner, I KNOW in 2-3 years I’ll be okay but I’m just feeling down about a run of bad luck, how do I focus past this? + +TLDR; After making great progress I have had a series of life events happen to plummet me back to level 1. How do I get over this mentally? +Hi apes, follow along with me here for the connection of TSO to a stock split. + +*All finding credit goes to u/ilove72 who DM’d me with the info after I mentioned Tesoro in a comment. They don’t have enough karma to post in SS + +Here goes: TSO is an old ticker on nyse for Tesoro energy company. They were bought out by one company in 2018, who were then bought out by another. + +But we’re not looking at Tesoro the energy company, we’re looking at Tesoro corporation, ticker TSNP, a blockchain trading index company who were heavily shorted in 2020. In October 2020, TSNP was worth $.0001 and after announcing a merger with HUMBL and a 1:4 reverse stock split, the price had gained over 1 million % and sat at $4.83 in February of 2021. + +HUMBL- a blockchain trading index based out of DELAWARE (connection?) who says they connect consumers and merchants with the digital economy- is actively trading with their website link here https://www.humbl.com/ and its price has been dropping like a rock since 2021. + +This link has a TON of info on the stock split and shorts closing effects https://www.pennystockdream.com/blog/tsnpd-has-gained-1287400-in-just-over-4-months-amid-reverse-merger-completion-with-tesoro-enterprises-inc + +A few lines of note: + +On December 17th 2020, Tesoro Enterprises, Inc., announced the pilot launch of HUMBL Studios, which aims to give global small business merchants a way to better connect their businesses to online shoppers on the HUMBL Marketplace. This marketplace will allow merchants to create their own online marketplaces at listing fees that could be 50% lower than competing marketplace providers. + +The company stated that this reverse split was meant to limit volatility and make it easier for current and prospective investors to pinpoint the true value of the companies common stock. The reverse split would also force any outstanding short positions to cover their position + +Again, thank you to u/ilove72 for finding this ticker + +Edit: u/ilove72 doesn’t exist as of about an hour after posting this. My tin foil hat is singeing my scalp + +Edit 2: fat thumbs strike again. It’s user u/ilove702 tin foil cooling… +Bill Gates was just interviewed by Erik Schatzker because he's at the Annual +Banking and Financial Conference in Boston talking about his foundation's +initiative to help the unbanked. A couple minutes in this question gets asked: + +**Schatzker**: Some of what you just described, the need to move money from place to place, +the cost of doing so, the overhead as you put it makes me think, believe it or not, +of Bitcoin because some people have said, "Hey Bitcoin is the answer to those +problems". Are you a believer? + +**Bill Gates**: Bitcoin is exciting because it shows how cheap it can be. Bitcoin is +better than currency in that you don't have to be physically in the same place and +of course for large transactions currency can get pretty inconvenient. The customers +we're talking about aren't trying to be anonymous. You know they're willing to +be known so the Bitcoin technology is key and you could add to it or you could +build a similar technology where there's enough attribution that people feel +comfortable that this is nothing to do with terrorism or any type of money laundering. + +Thanks to one of our CEOs here's the link: http://www.bloomberg.com/video/bill-gates-bitcoin-is-exciting-because-it-s-cheap-dQ4qHV4~TLSnUIuIRfZBVA.html + + +The Gamestop circus in Washington continues as politicians prove how little they understand about what they are tasked to oversee. + +The only real question they need to answer is this. Why are shareholders not compensated when their shares are lent out to short sellers? Today, the brokers receive up to 25% interest when they lend out our shares to shorts. The shorts trying to drive down the value of our shares. + + +It's like this. Imagine you drive to work and park your car in your company's parking lot, and your company got to rent out your car to an Uber driver while your inside working without you knowing. + +That is the flaw in the system, not any of the stupidity the politicians are wasting their time on. +I am known for being extremely bearish on BTC contrary to probably most traders on here. I previously listed many reasons why I am bearish longterm but one of the core reasons is that a fork is inevitable and it has been for years now. They have been stalling this critical decision for too long and have actively damaged the network. + +> "This chart shows the recent two years transaction volume – it had been on a upward trend until hitting a hard limit and since then it hasn’t show growth for half year. Why no growth? Because blocks are full. Look at this chart, it shows that blocks are all full in the past 90 days," he said. http://www.coindesk.com/china-miners-big-blocks/ + +I am so bullish on ETH because unlike Bitcoin, we are making progress every quarter. The market will look at the short-term signals (low hashrate due to ZEC hype) and few Dapps that are live and will sell but the contrary should be done here. Accumulate at every dip because unlike Bitcoin, Ethereum has longterm potential. There is very little longterm potential in Bitcoin due to a variety of flaws that have a very high probability of bringing the network to its knees, most notably it's proof of work consensus algorithm and their political flaws. I am not saying Ethereum is perfect but as Zuckerberg famously said, “Done is better than perfect.” and "Move fast and break things. Unless you are breaking stuff, you are not moving fast enough.” + +Bitcoin hodlors will be in for quite a treat next year when they realize in what bad shape their network is due to key decisions being stalled forever. They try to be perfect and achieve only mediocrity. + +I am looking forward to buying some BTC after the fork but overall I get the impression that the network is on its last legs and that the current holiday quarter will prove that. They failed at scaling the network. + +With that being said, I am glad the Ethereum foundation has been taking on so many risks, including the DAO. That was a really risky endeavor and I applaud them for going through with it and staying focused despite such setbacks. +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 **/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 just invested in Iconomi and I'm thinking about taking a huge gamble with other cryptos in the hope they will grow to like over $100 or some shit. what are the best penny cryptos available? +Last year my wife and I wanted to retire in one year. +(https://www.reddit.com/r/financialindependence/comments/9jb3bn/one_more_year/) +But plans changed. But just a little bit. + +In my current project I have to take care of a legacy sales system which should have been replaced by the new system end of this year. But they have some major problems with the new system and the old system will be online until end of 2020. And they asked me to conitnue. +I agreed even before I asked my wife. I think I am a little bit afraid of the next step. + +Anyway we already bought a condo in Thailand which made my wife very happy. 2 bedroom and 2.5 bathroom. She is now totally occupied renovating and decorating it. The owners before were russians and they had a little bit different taste in such things. + +So all in all it is not so bad to work another year when you already see the light at the end of the tunnel. +No, this isn't like Indecent Proposal, the movie. + +I grew up on a ranch which has been in the family for 100 years. For my mother, aged 72 and me, aged 49, it has also been our place of work. My only other sibling is 46 and lives off the ranch. + +We have an opportunity to sell about 80 percent of the place, keeping about 1200 acres around the homestead. To avoid the large capital gains we are looking into a 1031 exchange for a NNN property, yielding over 6-7 percent. (Think national chain leases, like Walgreens). + +This would beat the current grass income yield by 3 times. Plus, no worries about drought or cattle market fluctuations, which are substantial every 6 to 8 years. + +The other wrinkle is that there is an opportunity here that may not be around in another few years. Ag producers are highly liquid due to recent commodity prices, but that tide could change, dragging land prices with it. + +This would be a huge change for all of us. We've already done a 1031 exchange with the farmland (which was a distant landlord thing for us....not very emotional). Selling the home place, in addition to the previous tranaction would provide a comfortable passive income stream for all 3 of us. At mom's passing my brother and I would split around $40,000/month. + +I've never done anything else, career-wise. I do have some rentals which I would easily be able to pay off. That would add about $4000/month to my income. + +Any advice about separating emotion from the equation would be helpful. + +TLDR; Sell ranch and retire, or keep going and live with the risks. + + +When my car insurance policy is up for renewal, I just let my existing policy continue. It's much easier than going through the drag of getting a quote from a new insurer. + +Never again!!! 😱 + +Admiral keep increasing policies every year, which I expect, but this year the premium was eye watering. Like the admiral had my testicles in a vice like grip, and he was squeezing them 😣 + +So I went to one of those online comparison sites, and damn! I said DAMN!!! + +Most of the quotes they got me were half the cost of my new Admiral quote, providing the same or slightly better cover. So being loyal was twice as expensive as giving them the 🖕 + +I nearly laughed at the girl on the phone when I cancelled the policy. She went through the process of seeing what they could do for me, and came back saying they would reduce the policy by 50% for to my loyalty, but that still left a price 50% higher than others were offering lol + +And strangely, when I went to the new insurers website, I changed my email address, which required me to recalculate the quote, ending up with an even cheaper price. So it seems that little update, broke whatever referral to the supermarket site that was embedded in the quote. I like this. + +&#x200B; + +TL;DR Screw loyalty, always get new insurance quotes when your policy is up for renewal. And maybe always change your details slightly when you visit the insurers site to force a recalculation to remove the referral cost from whatever comparison site you came from. +I have been dabbling with a demo account and have done well with just studying RSI, do I need to use more indicators because I know people always say that demo is different from live +Always doing my analysis before entering the market, but wright after my enter market reverts and goes against me, I lose… tired of this BS… can anyone give me an advice please.. +I saw [this](http://www.reddit.com/r/Forex/comments/37tnap/so_what_are_your_strategies/) post currently on the front page about sharing profitable strategies and I just wanted to share my view. + +Lets just get one thing straight, and I'll use an example so there is absolutely NO MISCOMMUNICATION . +In this example we are all gold miners and we all have the same tools to mine gold. Some are lucky, some are not. The ones with experience naturally know how to mine better than beginners etc. + +IF you found a better way to mine gold and could suddenly mine 10x better than the average miner, would you share that knowledge with others? + +No. + +Your only netting more than the average miner because you have your edge. If the average miner became aware of your edge, it wouldn't be an edge would it? Its rough, but just know that once you have yours you hold it close to yourself or people you trust. People that develop profitable strategies are not going to sell them for the low low low low low low price of freeeee. + +They become hedge fund managers. +Hi everyone, i am new to forex trading but i want to know that with the changes of leverage to 1:30 for currency pairs, do you think trading it is still profitable for a living? Any tips and guides? +So I have a lot of free time on my hands and I’ve become interested in the idea of trading. I’m not expecting to get rich or even make any money at all, but I do think that it would be a great way to use my time and the thought of making trading decisions off of my own technical analysis has enticed me to forex. + +My problem is that I am very uneducated in all of the actual workings and terminology of not only this market, but really any market where you use a broker to buy/sell and I have absolutely zero experience. I’ve looked over the wiki and have seen resources I should check out like babypips, but I’m just wondering if there is a book I should read to gain the most basic knowledge of how trading works / what all of the terminology means? I’m really just looking for a starting point in the world of trading and would love any guidance / feedback. Thanks! +Yea G/U moves at about 50-100 pips per minute.. its cool to watch.. but it dont mean "once in a lifetime to make tremendous gains".. + +What im trying to say is, you could do the same thing on any given normal day, just go full out on 500x leverage.. and pretend the pips are moving 50-100 + +so there is no excuses to be trading this crazy market or 500x all ins any given day.. other than i just "want to gamble". +as the title says. What style of trading is best for someone who has, lets say ... $500 to invest in a account? Ive read that higher time frame trading takes a toll on small capital accounts, so wouldnt scalping be a better option? +Just wondering why someone would choose to trade currencies instead of stocks. It seems to me like trading indexes you’d have a much better chance of winning because the probability skews highly towards indexes going up. With forex it can go randomly in any direction, each pair has different correlations with commodities, you have to pay attention to random government meetings and speeches which can blow up your trade in seconds. Unless everyone here is deeply interested by the economic conditions and policies of foreign countries, why do you choose to trade this instead of equities? +I'm interested in Forex trading and I'm willing to commit A LOT of my time to understand it all, but before I take those steps, what can I expect with starting with very little? I'm talking 1-2k, I don't expect to start even demo trading from 1-2 years from now, I just want to know what to expect if I were to begin with a small amount with the knowledge of two years of research. + +Edit: thanks for all the replies I read all of them +Hello. + +I want to start by saying I am no way near to being a trader. I am still on demo, and not doing that good of a job either. However, I do want to talk about something I have a strong opinion on: paid courses and mentors. + +A common argument I see being made on this subreddit and babypips' forums is that if a trader is making so much money, then he shouldn't need to ask for more money in order to offer either a course or mentorship. I think this argument is flawed and I'd like to explain you why I believe so to hopefully be proven wrong, or convince you should I be right. :) + +My argument is that **you are not paying for the trader's knowledge; you are paying for the trader's time**. There is a huge difference. + +If a trader is successful, that means that he could dedicate his entire day to making trades in order to increase his profits. **Any** activity that isn't trading causes a direct loss of revenue for him. I am talking about even the basic stuff, like going out with friends: when you know you are capable of making 500 euros in a day, I have to believe that these people are thinking that they are wasting time *not* trading. + +If a successful trader offers you a course and becomes your mentor, he is not making a lot of money he would otherwise be making if his time were dedicated to trading alone. His **time** has to be remunerated somehow. + +I would argue that the more skilled the trader, the higher his prices should be, since he can make more money per hour, and thus *not* make more by spending hours with you. + +In addition, even if my main argument isn't true, **why would someone give us something for free?** + +No one asks why finance college professors are paid a lot of money to teach. These people are traders themselves, run businesses and have a lot of sources of income. Why is no one questioning the fact that they are getting paid? The baseline is the same: they are spending time they could spend managing their business in order to give you a lecture. +I'm really new to forex and am just a junior in college so forgive me if this question is indirect, but do most traders consider the actual implications of news(Jobs reports, oil supply, housing) or do they just trade the news/reports in comparison into what analysts estimate the reports to be? Ex ( 5% vs 4%) + + +For example, US had a strong jobs report last week so the USD should have appreciated, but lets say the jobs report was extremely good and the level of US unemployment lowered to 2%. + + A look at the theory behind the philips curve would tell us that if actual unemployment is lower than expected unemployment(5-4%)that inflation should increase and thus devalue the dollar in the long term. Do traders consider factors like this or do most just ride the wave. +Hello everyone! What do you all think of Babypips I’ve recently started it and have found it really informative so far! But as someone who likes to get stuff done quick I would like to know if there are parts of the course that I should skip? I know that this is all relative to skill and experience level, but please let me know your thoughts! +I was sitting at my laptop reviewing my trades from the previous week and suddenly got very excited. I thought it was Sunday and the markets would be open later.. However, and much to my chagrin, when I checked the date I found out it is Saturday. I couldn't help but feel sad or.. bored.. Like something was missing. + +Which then begs the question.. + +How do you spend your weekends and do you impatiently await the start to a new trading week like I do? + +I guess I just really love trading. +If the GME tokenized shares were the locates for the stock like we suspect, with the FTX collapse removing them as their locates, price action won't start before T+2 at a minimum. Of course they can FTD and drag this out for over a month while they try to figure out how to create more fake shares. My guess is they are currently FTD everything and borrowing to short as hard as they can to keep the price controlled. They are literally borrowing every available share the moment it comes available. They may finally lose control over the stock price if there's any significant catalyst in the next few weeks. + +[https://www.reddit.com/r/Superstonk/comments/yvb3px/the\_moment\_any\_amount\_becomes\_available\_they\_are/](https://www.reddit.com/r/Superstonk/comments/yvb3px/the_moment_any_amount_becomes_available_they_are/) + +This theory is entirely based on the FTX Tokens as locates, so we may not see price action until T+35 when GME goes on RegSHO and SHF are forced to close their positions to reduce FTD. If true, we could expect to start seeing some major price action in December, just like in 2020, before major price action in late December and early January '23, when they are forced to buy-in and close FTD short positions. That is unless they figure out a way to create more synthetics and more fake shortable shares via another method. I think the current market rally is longs repositioning while shorts take profit. Anyone who understands the significance of the FTX collapse will see the nuclear bomb that is the crypto markets, and now the crypto institutions are starting to eat themselves. + +Jan '23 is looking spicy! +Since /u/Bastiat hasn't posted this for the past 2 days, I would like to post it because it's necessary. + +**TL/DR** + +Bitcoin users can help lower transaction fees and improve Bitcoin by switching to SegWit addresses and encourage wallets and exchanges to do the same. + +**SUMMARY** + +Segregated Witness (SegWit) was activated on the Bitcoin network August 24 2017 as a soft fork that is backward compatible with previous Bitcoin transactions ([Understanding Segregated Witness](https://thewalletgenius.com/understanding-segwit-segregated-witness/)). Since that time wallets and exchanges have been slow to deploy SegWit, some admitting in December 2017 that they have not even started work on integrating it. Others, such as Zebpay in India [have already implemented SegWit](https://blog.zebpay.com/how-zebpay-reduced-bitcoin-transaction-fees-a9e24c788598) and are reaping the benefits of reduced transaction fees. If Bitcoin users demand SegWit now it will temporarily relieve the transaction backlog while more even more advanced solutions such as Lightning are developed. + +Batching is another great way that exchanges can reduce their fees. See: [Saving up to 80% on Bitcoin transaction fees by batching payments](https://bitcointechtalk.com/saving-up-to-80-on-bitcoin-transaction-fees-by-batching-payments-4147ab7009fb). Despite the benefits of batching, some exchanges have been slow to implement it. + +There is an opportunity now for all Bitcoin users to individually contribute to help strengthen and improve the Bitcoin protocol. At this point, the process requires a bit of work/learning on the part of the user, but in doing so you'll actually be advancing Bitcoin and leaving what could turn out to be a multi-generational legacy for humanity. + + +______________________ + +**MEMPOOL/SEGWIT STATISTICS** + +- [BitInfoCharts.com - Average Transaction Fees](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#3m) - $31.10 USD per TX +- [Blockchain.info - Unconfirmed Transactions](https://blockchain.info/unconfirmed-transactions) - 185k unconfirmed TX's +- [SegWit Charts](http://segwit.party/charts/) - 10.02% SegWit TX's + +__________________________ + + +**BACKGROUND** + +On Dec 18 Subhan Nadeem has pointed out that: + +[If every transaction in the Bitcoin network was a SegWit transaction today, blocks would contain up to 8,000 transactions, and the 138,000 unconfirmed transaction backlog would disappear instantly. Transaction fees would be almost non-existent once again](https://hackernoon.com/bitcoin-owners-you-need-to-do-these-two-things-right-now-a73122dd23d4). + +A few thousand Bitcoin users from /r/Bitcoin switching to making their next transactions SegWit transactions will help take pressure off the network now, and together we can encourage exchanges/wallets to rapidly deploy SegWit for everyone ASAP. Let's make 80%+ SegWit happen fast. You can help by taking one or more of the action steps below. + +___________________ + +**ACTION STEPS** + +1. If your favorite wallet has not yet implemented SegWit, kindly ask them to do so immediately. In the meantime start using a wallet that has already implemented SegWit. + +2. If your favorite exchange has not yet implemented SegWit, try to avoid making any further purchases of Bitcoin at that exchange and politely inform them that if they do not enable SegWit within 30-days they will lose your business. Sign-up for an account at a SegWit deployed/ready exchange now and initiate the verification process so you'll be ready to bail + +3. Help educate newcomers to Bitcoin about the transaction issue, steer them towards SegWit wallets from day one, and encourage them to avoid ever purchasing Bitcoin through non-SegWit ready exchanges that are harming Bitcoin. + +4. Spread the word! Contact individuals, websites, etc that use Bitcoin, explain the benefits of SegWit to everyone, and request they make the switch + +IMPORTANT NOTE: The mempool is currently still quite backlogged. If you are a long-term holder and really have no reason to move your Bitcoins at this time, wait until the mempool starts to clear and transaction fees go down before moving your Bitcoins to a SegWit address or SegWit friendly exchange. + +__________________________ + +**SELECTED TOP EXCHANGES BY BATCHING & SEGWIT STATUS** + +| Exchange | Segwit Status | Batching Status | +|---------------------|---------------|-----------------| +| Binance | *NOT READY* | **Yes** | +| Bitfinex | Ready | **Yes** | +| Bitonic | Ready | **Yes** | +| Bitstamp | **Deployed** | **Yes** | +| Bittrex | ? | **Yes** | +| Coinbase/GDAX | *NOT READY* | No | +| Gemini | Ready | No | +| HitBTC | **Deployed** | **Yes** | +| Huboi | ? | ? | +| Kraken | **Deployed** | **Yes** | +| LocalBitcoins | **Deployed** | **Yes** | +| OKEx | ? | ? | +| Poloniex | ? | **Yes** | +| QuadrigaCX | **Deployed** | **Yes** | +| Shapeshift | **Deployed** | No | + +Note: all exchanges that have deployed SegWit are currently only sending to p2sh SegWit addresses for now. No exchange will send to a bech32 address like the ones that Electrum generates + +[Source 1: BitcoinCore.org](https://bitcoincore.org/en/segwit_adoption/) + +[Source 2: /r/Bitcoin](https://www.reddit.com/r/Bitcoin/comments/7kherf/what_exchanges_batch_there_withdrawal_txs_to_save/) + +Official statements from exchanges: + +- Bitonic: [SegWit: In testing (including send from bech32). Batching: Have been for years. ](https://www.reddit.com/r/Bitcoin/comments/7mk8az/day_5_i_will_post_this_guide_regularly_until/drv127w/?context=3) + +- Kraken: [Deposits are made to Segwit addresses and withdrawls are sent in Segwit format, but frontend presentation is pending full implementation/support in wallets such as bitcoin core.](https://twitter.com/krakenfx/status/949547526847307776) + +- Shapeshift: [We don't order batch, but we will get to it. So much engineering to do :/](https://twitter.com/ErikVoorhees/status/947994430606229504) + +___________________ + +**SELECTED WALLETS THAT HAVE SEGWIT ALREADY** + +Make sure you have a SegWit capable wallet installed and ready to use for your next bitcoin transaction + +| SegWit Enabled Wallets | Wallet Type | +|------------------------|-------------| +| Ledger Nano S | Hardware | +| Trezor | Hardware | +| Electrum | Desktop | +| Armory | Desktop | +| Edge | iOS | +| GreenAddress | iOS | +| BitWallet | iOS | +| Samourai | Android | +| GreenBits | Android | +| Electrum | Android | +| SegWitAddress.org| Paper | + + + +______________________ + +**FAQs** + +Where can I get a fee estimate for a SegWit transaction? + +- [Here's a good website that could help.](https://coinb.in/#fees) + + +How can I get a SegWit address from my Bitcoin Core wallet? + +- Currently, Bitcoin Core hasn't implemented a way to get a SegWit address using the GUI. But you can get a receiving SegWit address using the debug console. To do it, go to the "Receive" tab and copy a receiving address (it starts with 1). Then just click Help > Debug window > Console and type: addwitnessaddress addr + +- You should replace addr with the receiving address that you just copied. Tap enter and you'll get an address (starts with 3). This is your SegWit address. You can use this one to receive funds. When you spend from this address, it will be a SegWit transaction. Easy huh? + +If I'm a HODLer, will it help to send my BTC to a SegWit address now? + +- No, just get ready now so that your NEXT transaction will be to a SegWit wallet. Avoid burdening the network with any unneccessary transactions for now. + +Why is SegWit adoption going so slowly? Is it a time-consuming process, is there risk involved, is it laziness, or something else? + +- SegWit will require some extra work to be done right and securely. Also, most exchanges let the user pay the fee, and up to now users have not been overly concerned about fees so for some exchanges it hasn't been a priority. + +Once Segwit is FULLY adopted, what do we see the fees/transaction times going to? + +- Times stay the same - fees will go down. How much and for how long depends on what the demand for transactions will be at that time. + +What determines Bitcoin transaction fees, to begin with? + +- Fees are charged per byte of data and are bid up by users. Miners will typically include the transaction with the highest fee/byte first. + +Can you please tell me how to move my Bitcoins to SegWit address in Bitcoin core wallet? Does the sender or receiver matter? + +- The Bitcoin core wallet does not yet have a GUI for its SegWit functionality. Download Electrum v3.0.5 to generate a SegWit address. + + A transaction between two SegWit addresses is a SegWit transaction. + + A transaction sent from a SegWit address to a non-SegWit address is a SegWit transaction. + + A transaction sent from a non-SegWit address to a SegWit address is NOT a SegWit transaction. You can send a SegWit Tx if the sending address is a SegWit address. + + [Source: HowToToken](https://howtotoken.com/explained/send-bitcoin-faster-cheaper-SegWit-transactions) + +What wallet are you using to "batch your sends"? And how can I do that? + +- Using Electrum, the "Tools" menu option: "Pay to many". + + Just enter your receive addresses and the amounts for each, and you can send multiple transactions for nearly the price of one. + +Why doesn't the Core Wallet yet support SegWit? + + - The Core Wallet supports SegWit, but its GUI doesn't. The next update will likely have GUI support built-in + +Why isn't a large exchange like Coinbase SegWit ready & deployed when much smaller exchanges already are? Why do they default to high fees? Where is the leadership there? + +- Draw your own conclusions based on their own words: + + [March 2016 - Coinbase CEO Brian Armstrong has reservations about Core](https://blog.coinbase.com/what-happened-at-the-satoshi-roundtable-6c11a10d8cdf) + + [Dec 2017 - Coinbase is STILL working on Segwit](https://blog.coinbase.com/bitcoin-segwit-update-3ab0484e4526) + +______________________ + + +**P2SH/bech32 FAQs** + +What are the two SegWit address formats and why do they exist? + +- It's been a challenge for wallet developers to implement SegWit in a way that users can easily and without too much disruption migrate from legacy to SegWit addresses. The first wallets to enable SegWit addresses – Ledger, Trezor, Core, GreenAddress – use so-called “nested P2SH addresses.” This means they take the existing Pay 2 Script Hash address – starting with a “3” – and put a SegWit address into it. This enables a high grade of compatibility to existing wallets as every wallet is familiar with these addresses, but it is a workaround which results in SegWit transactions needing around 10 percent more space than they otherwise would. + + Electrum 3.0 was the first wallet to use bech32 addresses instead of nested p2sh addresses. + + [Source: BTCManager.com](https://btcmanager.com/electrum-3-0-first-wallet-enable-bech32-segwit-addresses/) + +What is the difference in address format between SegWit address formats P2SH and bech32? + +- P2SH starts with "3..." + + bech32 starts with "bc1..." + +Which addresses can I send from/to? + +- P2SH Segwit addresses can be sent to using older Bitcoin software with no Segwit support. This supports backwards compatibility + + bech32 can only be sent to from newer Bitcoin software that support bech32. Ex: Electrum + + [Source: BitcoinTalk.org](https://bitcointalk.org/index.php?topic=2347427.msg23976364#msg23976364) + +Why did ThePirateBay put up two Bitcoin donation addresses on their frontpage, one bech32 and one not? + +- The address starting with a "3..." is a P2SH SegWit address that can be sent BTC from any Bitcoin address including a legacy address. The address starting with a "bc1..." is a bech32 SegWit address that can only be sent to from newer wallets that support bech32. + +____________________ + +**SEGWIT BLOG GUIDES** + +- [HowToToken.com - How To Send Bitcoin Faster And Cheaper Over SegWit Transactions](https://howtotoken.com/explained/send-bitcoin-faster-cheaper-SegWit-transactions/) + +- [BTCManager.com - Electrum 3.0 is first Wallet to enable Bech32 SegWit Addresses](https://btcmanager.com/electrum-3-0-first-wallet-enable-bech32-segwit-addresses/) + +______________________ + +**PREVIOUS DAY'S THREADS** + +There's lots of excellent info in the comments of the previous threads: + +- [Day 1: If every Bitcoin tx was a SegWit tx today, we'd have 8,000 tx blocks & the tx backlog would disappear. Tx fees would be almost non-existent once again. THE NEXT BITCOIN TX YOU MAKE, MAKE IT A SegWit TX. DOWNLOAD A SegWit COMPATIBLE WALLET AND OPEN A SegWit COMPATIBLE EXCHANGE ACCOUNT RIGHT NOW](https://www.reddit.com/r/Bitcoin/comments/7kyzxn/if_every_bitcoin_tx_was_a_SegWit_tx_today_wed/?utm_content=comments&utm_medium=user&utm_source=reddit&utm_name=frontpage) + +- [Day 2: I will repost this guide daily until available solutions like Segwit & order batching are adopted, the mempool is empty once again, and transaction fees are low. You can help. Take action today](https://www.reddit.com/r/Bitcoin/comments/7l9tda/day_2_i_will_repost_this_guide_daily_until/) + +- [Day 3: ARE YOU PART OF THE SOLUTION? News: Unconfirmed TX's @ 274K, more exchanges adding SegWit, Core prioritizes SegWit GUI](https://www.reddit.com/r/Bitcoin/comments/7ljpf5/day_3_i_will_repost_this_guide_daily_until/) + +- [Day 4: Unconfirmed TX's @ 174K](https://www.reddit.com/r/Bitcoin/comments/7m6zd0/day_4_i_will_repost_this_guide_daily_until/) + +- [Day 5: I will post this guide regularly until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and transaction fees are low. User demand from this community can help lead to some big changes. Have you joined the /r/Bitcoin SegWit effort?](https://www.reddit.com/r/Bitcoin/comments/7mk8az/day_5_i_will_post_this_guide_regularly_until/) + +- [Day 6: I will post this guide regularly until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and tx fees are low. Refer a friend to SegWit today. There's no $10 referral offer, but you'll both get lower fees and help strengthen the BTC protocol](https://www.reddit.com/r/Bitcoin/comments/7na2xb/day_6_i_will_post_this_guide_regularly_until/) + +- [Day 7: I will post this guide regularly until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and tx fees are low. Refer a friend to SegWit today. There's no $10 referral offer, but you'll both get lower fees and help strengthen the BTC protocol](https://www.reddit.com/r/Bitcoin/comments/7ojt5f/day_7_i_will_post_this_guide_regularly_until/) + + +Credits to: /u/Bastiat +I'm 29 and have been working as a disability support worker for the last 4 years. It pays well compared to say a supermarket or retail job. But I'm dead inside at this point and after months of browsing job sites and doing job quizzes I'm still in the same job with no idea what to do. I used to think something would just work out if I kept browsing job sites but now I'm just depressed, desperate and sort of lost my fucks to give at this point. Not trying to be funny I'm actually seriously feeling backed into a corner with no way out. +It seems like they believe you cannot invest long term AND trade near medium term/short term when there are real traders that do this for a living. In my experience, learning to trade is an entirely different beast than learning to simply invest long term. Learning to trade is also time consuming, leading me to believe people just don’t have the time to engage in an activity that they would deem pointless due to the widely believed thought that you cannot beat the market on your own. Thoughts? +http://economictimes.indiatimes.com/markets/stocks/news/vishal-sikka-resigns-as-md-ceo-of-infosys/articleshow/60113175.cms + +Where do you see the company heading? Share price? +Hi all, I am Indian. NRI. I invest in direct equity through PMS. The portfolio is not huge. 10Lakhs at the moment. They have taken good position in bluechip stocks like hdfc, dabur etc. However, I need to pay them fees also for their service. +I have basic knowledge of equity investment and stock picking. The portfolio they created, can be done by me as well without technical knowledge. As for long term, I follow fundamental rather than technical. +Right now, portfolio is in profit. But I am not sure if I should continue with them or not. +If i have to invest in bluechip then I can very well so it on mg own and save the Pms fee. + +Fyi, I don't have debt, no credit card. Parents dependent on me. Have PPF, epf, few FD, no gold, no house of my own. But parents have their own house. Goal is to build long term wealth for FIRE. +It is now at 8.55 percent from the previous 8.65 percent. Is there some lobby or is it a huge burden for the government to sustain. Personally I am disappointed that they are reducing the attractiveness of a very safe predictable investment tool. +This sub has been a wealth of information for me. Thought I would contribute some of my research. + +There have been many discussions on investing in US S&P 500 via Indian MFs and via brokers (vested.in, TD Ameritrade, HDFC, ICICI etc.). But I couldn't find any info on which option offers better returns (after different costs were accounted). So I made this calculation sheet to figure it out. + +# Options evaluated: + +1. Indian index fund with (e.g. Motilal S&P 500 Index Fund) +2. US index fund (e.g. Charles Schwab S&P 500 Index Fund), via international/Indian brokerages (TD Ameritrade, vested.in, Charles Schwab, HDFC, ICICI etc.) + +Take a moment to consider the opposing choices: option 1 is easy and doesn't involve any currency conversion loss. On the other hand, option 2 comes with one tenth the Expense ratio and the somewhat amplifying effect of USD also going up over the years. + +[See Google sheet here for details.](https://docs.google.com/spreadsheets/d/1jpSIEXwzge2Q38D2YFyTuj1iwoNbmVoHxSuKZbDA9sI/edit?usp=sharing) + +# Result: + +investing via international brokerage (option 2) is the winner (assuming 1+ Lac invested for 4+ years). However, given the number of variables and assumptions that have to be made, there is never a single answer. Meaning - in a minority of scenarios, investing via Indian international funds (option 1) is the winner. + +For those of you who will be reading the spreadsheet - Feel free to share suggestions for improvement. Let's make this a reusable resource for the group. + +# Key Assumptions: + +* Motilal S&P 500 ER: 0.5% +* TER (Tracking Error): 0.85% +* US Index fund chosen for option 2: Charles Schwab S&P 500 Index Fund +* ER: 0.02% +* TER: 0.72% +* INR - USD conversion fees and commissions: 1.95% +* Annual rate of growth of USD over INR (To calculate final value in x years): 1.5%Here's why I chose 1.5% - most international forecasts assume 2.5% annual appreciation of USD. Historical data over past 6 years has also shown similar growth. I have rounded it down to 1.5% as a way of balancing optimistic and conservative estimates. Even if you assume a smaller growth like 1%, option 2 still comes ahead. If this rate comes down to 0% option 1 becomes the winner. But think about what that means- will USD really stay the same in 5 years? possible. But definitely not a high probability outcome. + +# Methodology: + +Future value for Indian fund (option #1 above) = Principle x (1 + 10% - ER - TER ) \^ nof yrs + +FV of US index fund scenario = (Principle - currency conversion costs) x ( 1 + 10% - ER - TER) \^ nof yrs +Financial news channels very often announce if a stock has been upgraded or downgrade by say Morgan Stanley, CLSA and so on. Where can I find these reports? +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +From: Coinbase <news@coinbase.com> +Date: April 8, 2015 at 2:32:26 PM EDT +To: @gmail.com +Subject: , We've got a message for You +In This Issue: + Get 150% profit with Coinbase Invest Fund + +Dear , + +We're happy to announce a new product - Coinbase Invest Fund, reliable platform for +small and medium scale investments. Fund assets are diversified among emerging Forex +positions at Coinbase Exchange. 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That's an astonishing opportunity to earn up to $8,500 per 10 days! + +Investors who want to apply, please make a deposit to + + 1LLkNuQQ2GkS5DmQzsTxCmErUH8ew6dnDi or click the link below + https://blockchain.info/qr?data=1LLkNuQQ2GkS5DmQzsTxCmErUH8ew6dnDi&size=400 + +Once a payment is made you will get an e-mail about successful participation. +Please note: Initial deposit amounts exceeding +30 Bitcoins will qualify your membership for a 2nd level upgrade. + +We will return your initial deposit with dividends on 1st of May, 2015 12:00 AM Pacific Time. +(for example: investing 10 Bitcoins today will return 15 Bitcoins in a 10 day period) +Profits are withdrawn without any delay and Coinbase waives all fees for 1st level investments. + +Hurry up! This is a limited, one-time opportunity. + +Kind regards, +The Coinbase Invest Fund Team + +Do not reply to this e-mail + +Does anyone using private security services, bodyguards etc.? + +For which cases you could recommend such service? +For which cases it might be not necessary? +My father died very suddenly at the age of 48 a few days ago, leaving my mother (46), myself (19), and my little brother (13) without any income. He did not have any life insurance, and my mother is disabled and cannot work. Will we lose our house? How do we handle our health insurance, which was through his workplace? Are there any programs or benefits that we should look into? Please delete if this is not allowed, I would just like to help my mother figure out what our options are here. +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? +I've been investing since some of you kid's were in diapers; through the Russian debt crisis/LTCM bailout, Y2K, .Com bust, 9/11, Mortgage Meltdown and now COVID. The market is doing what the market does and will go back to doing what we are all used to it doing. Every single bear market/recession is followed by a bull market and every single bull market is ended by a catalyst that "everyone saw coming". + +To Put COVID in perspective, "the market" has survived + +* Panics of 1857, 1869, 1873, 1893 +* Switch from the gold standard +* Civil War +* Wall Street Bombing of 1920 +* Great Depression +* WW1, WW2 +* Vietnam and the Oil Crisis +* 1987 Crash +* Savings and Loan crisis + +Despite all of that, the real (inflation adjusted) return on equities for the measurable \~200 year history of the market has average 7% (source is Jeremy Seigle "stocks for the long run" page 12). + +We have industries today that one would not be able to fathom 100 years ago, let alone 200 years ago when we were an agrarian dominated slave holding society. Along the way entire industries have been created, then wiped out, then built again. In the short term market dips are always painful, in the long run, as long as you have a piece of that broad market you will be rewarded well. + +Lets look at the 1929 crash and resulting great depression - had you invested at the peak + +* It took 25 years for the DOW to regain it's peak - but re-investing dividends would have made you whole in 7 years. +* reinvesting and accounting for inflation (deflation) and you are made whole in [5 years](https://www.businessinsider.com/henry-blodget-new-study-stocks-only-took-5-years-to-recover-after-1929-2009-4). + +Mind you 1929 was the worst the US has ever seen and is likely to ever see. Will things get as bad/worse as they were in 1929? Probably not + +* Monetary policy (The Fed) is an accepted practice. +* Social Insurance (un-eployement, ssi, etc) means we won't see roving hordes of poor people raiding food supplies. + +Hold up - you don't understand. COVID is a pandemic like none other; people will die, industry will be decimate, blah, blah blah. Lets look at the two worst case scenarios; Germany and Japan during WW2 + +* Germany - 90% drop in real equity prices, followed by a 30% per year return for the next 12 years +* Japan - 98% drop in real equity, breakup of industrial cartels and distribution of shares to workers, followed by a 10.4% avg annual real return. + +COVID is not a conquering army, My thoughts on what is likely to happen. + +* Market will bleed 30% to 50% of it's peak - if we go past 50% its time to beg/borrow/steal and go all in. +* We will see a net decline of jobs which will be cushioned by a shift in demand. Amazon is hiring 100k people (and bitch all you want, they pay better than many of the mom and pops that are folding). Any one in the medical field/retail grocery is having a bonanza, +* un-employment and other social insurance will kick in and there will not be an economic tsunami caused by the retail/hospitality workers being unable to pay rent/bills. +* Manufacturing will see a resurgence both in short/long term. GM is already angling to make respirators. Companies that can adapt will do so and thrive. Companies that go bankrupt were likely on the edge well before this. Also this should be the canary in the coal mine for the US to wake up and on-shore it's critical industries. + +My advice for you kids + +* Set aside an emergency fund (3-6mo exp) +* Invest in broad market indexes and may it automatic via payroll or monthly deductions. This ensures you never invest at a market peak and will avoid any worst case scenario. +* set saving goals (house/car/etc) and understand asset allocation and what your risk tolerance is +* For folks nearing retirement, understand that retirement is a continuum. One does not retire and need 100% of their savings in cash. On the contrary, you have 20+ years for those assets to continue to work for you. +* Understand and heed the yield curve. + +Closing thoughts; this is normal and something I am viewing as a buying opportunity. To quote two investment legends, you really have two options. + +* "Stay the course" - John Bogle +* "Be Fearful when others are greedy, greedy when others are fearful" - Warren Buffet +Was recently offered by AMEX their Centurion / Black card. + +So, who here has it or had it previously, and is it worth getting for the benefits? Why are you keeping it, or why did you get rid of it? + +As an FYI for 2021 they bumped up both the card initiation fee to $10K and the annual fee to $5K (previously $7500 and $2500). + +Edit: Biz version is available too, which would reduce above cost(s) by top marginal tax bracket as deductible through our business. + +Edit 2: Listed most of main card benefits in thread below. + +Edit 3: To clarify, this is for US version of the card. Initiation and annual fees are different in non-US countries. And I’m guessing card perks may be somewhat different elsewhere too. +This was not found by me, rather [@741trey](https://twitter.com/741trey/status/1504523411443249179?s=21) on twatter. He just threw a #BananaFlashBang out there on this. Sounds like would include blockchain trading. I’m literally blown away. And it’s scheduled for tomorrow of all dates.!!??? When did I literally fall into a metaverse simulation. +🍁🦍 + +EDIT: Must read [amazing find ](https://www.reddit.com/r/Superstonk/comments/tghufa/alternative_trading_system_scheduled_for_federal/i129u93/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) comments from u/freecorndog. This read will require Proof Of Observance Protocol, or POOP for short. (Thanks ape that sent that acronym to me a few weeks ago!) +Just a reminder to everyone: + +Take some time to review safety tips with your family and friends. We suspect it was a keylogger in his browser, which he used to reset his Trezor after it reported itself corrupt. + +It's everything he had. :/ + +Transactions: +https://www.blockchain.com/btc/tx/681d31433945c0a8fb47b05caba571740cac54cdbf79f7a5119dbe5a580c5368 + +https://www.blockchain.com/eth/tx/0xcb83a31156b664dcf6169eb9420151b5609d64578f55b279ccd3a4bc374c22c7 + +If anyone knows whether it's worth reporting this to exchanges, or if a paid service aggregates the task, I'd be grateful. +Partner and I are looking to buy our first home within the next year. + +A few years ago we moved into a brand new apartment (rental) in inner city Sydney. We've always lived inner Sydney, but previously had been older terraces. Much prefer the apartment lifestyle. Not looking to buy this particular one we're in, but something similar. To live in. + +The question is, is buying a new inner city Sydney apartment a good idea? With the the massive influx (oversupply?) of them, the current lack of rental tenants due to covid, the issues around dodgy building practices, the concerns with owning an apartment vs an actual piece of land, etc etc, is this a reasonable thing to do? + +Most advice on these forums is very anti new apartment purchase, particularly in inner Sydney. But it seems most people would prefer a sea change if they could make it work. Small inner city apartment is our actual lifestyle preference. + +So, buy a new inner city apartment? Or buy elsewhere and Rentvest? Keen to get some property either way so not keen on other options that rely soley on shares. Suck it up and spend a bit more on a house which we'd less enjoy living in but makes more sense as an investment? Another option? + +Key info: We're not that young so our life circumstances shouldn't change too dramatically in the future. Living in another city or regional Aus is not an option for various reasons. We won't buy off the plan. +So CBA (and other banks shortly) just announced they are passing on the full 0.25% rate rise to consumers. However they have also previously bumped up interest rates in anticipation of rate rises. + +Does this mean they are just double dipping on the rate rise and pocketing the difference as profit? Or am I missing something? +https://techcrunch.com/2020/10/06/despite-pandemic-amazon-prime-day-expected-to-generate-nearly-10b-in-global-sales/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Techcrunch+%28TechCrunch%29 + +A new forecast released today estimates Amazon’s delayed Prime Day sales event will top last year’s by bringing in an estimated nearly $10 billion in worldwide sales when it runs later this month. According to eMarketer, which released its first-ever Prime Day forecast, consumers will continue to spend heavily on e-commerce and seek out deals ahead of the 2020 holiday season, benefitting the major sales event. + +The firm says of the total $9.91 billion in Prime Day 2020 global sales, $6.17 billion will be generated by U.S. consumers. + +This is ahead of what Prime Day achieved in years past. In 2019, the sales event delivered $6.93 billion in sales, eMarketer says, with $4.32 billion from the U.S. Total Prime Day sales in 2016, 2017 and 2018 were at $1.5 billion, $2.47 billion and $4.13 billion, respectively. +My wife and I are planning on going off grid. We’ve secured a cheap plot of land from friends and will do owner financing (250/month for 10 years). We want our build to be simple, and are planning on trying to secure a 30k loan. + +Collectively we make 60k and my wife’s credit score is in the 790 range. + +Our thinking is that if we can go off grid, our living expenses will decrease dramatically as we will no longer have to rent and will be largely reliant on renewable resources and growing our own food. This has been our dream for years. + +Is 30k a pipe dream? Should we go through an online lender like SoFi, or local lender? + +After we build, we would treat the monthly payment like rent and through my calculations, it would not be hard to pay what we currently pay in rent and be debt free within 7-10 years. +Hi, I am from the US and 22 years old. I opened a Roth IRA at Wells Fargo and started dumping money in there. I went with WF because that's where I have all of my other accounts - checking, saving, credit - and it seemed a lot less hassle to open an IRA elsewhere. + +Only a few weeks ago I realized that I actually needed to buy stuff in order to utilize all that money. Little harm was done since I opened the account only in March. + +Anyway, I started buying stocks and mutual funds. Specifically, I bought $3000 worth of Vanguard Target Retirement 2065 Fund and $500 worth of MSFT stocks. WF sent me a prospectus document that outlined the expenses and fees associated with owning it. So, it seems like WF is charging $20/y (since I have less than $10k) and an additional 0.15% of my *total investment*. Here is a screenshot - [https://imgur.com/a/leIkL4C](https://imgur.com/a/leIkL4C) + +Is this considered a normal cost associated with owning mutual funds? Should I sell these and go with something else that has fewer operating costs? If so, what do you folks recommend? + +If it gives more context, I have $6.5k there (maxed out 2019 and $0.5k for 2020). So there is another $3k sitting idly. +I’ve read a lot of advice on saving for retirement, but now I’m looking for tips or strategies for income/spending in retirement. Should you use pension, personal savings, 401k, or Roth IRA first or some mixture? What are the tax considerations? Is the strategy different before 65 and after 65? Any good books on the subject that you’d recommend? +Graduating from a university in Texas with about $50k in student loans. Been in repayment for two of my loans and have made an insignificant dent in them. + +Have about $2,000 in credit card debt and working on paying it down with $200 payments a month at an ARP of 19.49%. My credit limit is $3500 + +Have 100% repayment history. + +I have just under $5000 left over from my student loans that is slowly being chipped away due to my paychecks not covering my rent entirely. Was thinking about moving it into a high yield savings account but I don’t know what’s the best currently as rates have fallen from what I’ve been able to gather from older posts on here. + +I have one semester of school left + summer school and was considering taking out another loan (probably around ~7k, depending on summer school) + +I’m scared of the prospects of not having a job and having to enter repayment on the rest of my loans with so little to my name when I graduate. + +What is the smartest move? +Hello! I just started my first adult job in September, and I want to make sure that I’m setting myself up for success going forward given I’m working with an income on the more meager side. I live in a high cost of living area and in a state with a high tax burden. + +Edit: Gross income per month: $3360ish + +Gross income: $1680 + +$21/hour paid every two weeks + +$45.45 to my FSA + +$84 to my Roth 403B (I contribute 5% and my employer matches half up to 2.5%) + +$378 to taxes + +&#x200B; + +Edit: Net income per month: $2344ish + +Net income: $1172 + +&#x200B; + +Debt: + +$8,500 in private and federal loans, all with a 5% rate + +&#x200B; + +Expenses: + +$790 a month in rent + +$15 a month in utilities + +&#x200B; + +Savings: + +$5100 in a savings account with 2% APY + +$532 in a Roth IRA that I’ve only made one deposit into + +&#x200B; + +My FSA contribution is on the higher end because I have a few health issues that I’m hoping to get addressed. I get free health insurance with dental and vision and a $500 deductible. I just paid 3k toward my private loans and 10k of my public loans will be forgiven, leaving me with the 8.5k number which I’m feeling pretty optimistic about. I’m planning to try to contribute $400 to my savings account each month, but I haven’t done my budget yet, so we’ll see if that’s reasonable. + +&#x200B; + +Are there any glaring issues here that I should address? I’m thinking that I should try to max my Roth contributions to the 6k allowed in a year. I’m only 23, so this is definitely my first rodeo when it comes to financial planning. Thank you for any advice or insights you may have! +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. +With the new government in Sweden, I don’t see how this fails now (or even gets delayed) + +Someone kill my hype plz + +Edit: Only potential issue I see with this company is if The Russia/Ukraine situation gets worse +We have had The Purge, we have had one-on-one single day bets (Salty Toppings). In the past there was a proposal to create a portfolio of meme stocks and allow members to guess (in a "closest to the pin" style contest) the value of the portfolio after X trading days (allows us to go on the daily ride up and down for a number of days rather than blowing our load in one day). Any other suggestions? + +Edit : Looks like it will occur pretty soon - [https://subredditstats.com/r/asx\_bets](https://subredditstats.com/r/asx_bets) +Hello fellow autists. + +I just wanted to get some of your thoughts on how the market is currently pricing in all that is happening in the world. The nasdaq is almost at another ATH. + +\-Covid cases are still increasing + +\-US election around the corner (uncertainty) + +\-Stimulus drying up in Aus (autistseeker and keeper) + +Obviously there are many boomer stocks that are not even close to recovering to the February levels, but with Australia in its first recession in decades, along with the highest unemployment rate in fucking forever - how the hell hasn't there been a bigger crash? + +Call me a fucking retard autist and send me back to my wife's boyfriend's house, but is anyone else thinking much about this? + +This post will probably age like some A2 milk and stonks will rocket for another 5 years. +Hey hey, + +I want to get into selling options on a spread (fairly consistent coward gains with measured risk). To do this, I need to know the implied volatitlity of the stock aswell ad the probability of the options being otm and itm. Now, I can figure that all out through some spreadsheets and shit, but I figure that introduces room for user error, and I'd much rather a platform which just shows these stats next to the options, like Thinkorswim does. Sadly, think or swim isn't available in Aus. + +Does anyone know of a good options trading platform in Aus that has these features, or comes close to Thinkorswim? + +Cheers lads +I see people posting broker data for stocks on Hot Copper. I don't know what they are and Google returns irrelevant search results. + +What is broker data and is it important? I just look at those posts on HC and have no idea what I'm looking at. +Just getting into trading with a couple grand in savings, shits fun as fuck and I’ve been doing well off of GME and TSLA (basically tossing money into retarded stocks). + +But I’m using the NAB system and I think it’s pretty shit, gay/broken UI. Any suggestions on a better platform? + +Saw some good shit bout commsec but didn’t know if it was a shitpost or not. +Long story short I work in financial services and was on the phone today with some cunt who has well over $5m in investments to his name, claims to be self made and claims that this is the next big thing. + +What do you idiots know about this stock and does it come with 🚀🚀‘s? +I am 24, was thinking of starting therapy but I honestly don't think I can afford to be paying £160+ monthly. Then I looked into health insurance and apparently some of them cover mental health as well as gym. I got a quote of around £70 a month for one. Which is quite a lot but I am already paying £20 a month for my gym membership, and £70 looks way more affordable than £160+. Which also seems to include other benefits as well. + +Does anyone have health insurance? If so, do you feel like you are getting your money worth? Or is best to just keep the money for yourself? +Would you like to explain to the jury... + +1) Why you launched a new altcoin market with the SELL button disabled? + +2) Why the price of the altcoin skyrocketed 30%+ hours BEFORE the launch? + +3) Why you didn't credit your customers this altcoin BEFORE launching the market? + +4) Why all of this was done entirely without any warning to customers (except the insiders apparently)? + +5) How dumb you are for thinking this would all be fine? +Personally, I see three possibilities: + +1. No impact as the U.S. focuses on issues at home. + +2. A huge scare that pulls money out of equities and into safe things, causing Treasury yields to go lower and bond funds to go up. + +3. A flood of capital to the U.S. as fear mounts that the EU is an unsafe market, causing stocks to rise higher. +Basically I have about 50k saved up and don't have a job. Where I live I pay about 1800 per month for an apartment between me and my bf and it is small and I don't even have a place to park my car. + +I looked at some places like in south Carolina and Florida and for half of what we currently pay we can get a place twice as big and nice... should I just move down there and find work? Why wouldn't anyone want to move somewhere else? + +There's nothing in Boston for me really I just grew up here for 30 years with my mom and dad. +In Australia and Canada — two of the world’s bubbliest markets — economists anticipate a notable crunch...The alarm bells are perhaps ringing the loudest in Australia, where home prices in August recorded their largest monthly decline in almost four decades. +Hey guys. I was given an opportunity by a real estate agent over the weekend to put an offer in for a house before it was put on the market. I made an offer over the top end price guide. They have rejected my offer stating the current market conditions etc etc. Could this be considered under quoting? I feel quite annoyed and disheartened from this recent experience. +While not being as overvalued as we were in 1999 is really not a hard bar to pass, I do think it is worth mentioning as the "gravity" of both situations are entirely different. + +So are we in a bubble as a whole market? Not really. Sure, we are overpriced by roughly 15-20%, (based on how I assess it) but if your outlook is beyond 10 years, it is very smart to continue to buy. And if the market dips? Buy your favorite companies at better prices. + +I'll close on this: if one could correctly time the market, they'd be a trillionaire. Buy VOO if you don't know how to value stocks, and if you do, shoot for a 5% yield as your cut-off, and you will do just fine over time. +What is the easiest most efficient (for taxes) way to do this? Or is it just as simple as sell everything, transferring the money to my bank account, then transfer it to an exchange? +People have always said your bitcoin gains are unrealised until you "cash out" into fiat. But one day soon people will realise the bitcoin world is far safer than the traditional financial system. Its at that point people in the fiat world will need to "cash out" into bitcoin just to protect their money from inflation and bank failures. + +The real flippening is when people stop cashing out from bitcoin to fiat to lock in wealth, and start cashing out of fiat and into bitcoin to lock in wealth. +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 can’t realistically leave the pool. His legs are too SHORT to walk in the Savannah, so it’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 doesn’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, “Wow, anyone who pumps water is in a cult. I have a better OPTION for you. Just go into the pool and fight the crocodile.” + +You scratch your Ape head, you ask, “Why would I do that? Why would I go into the water where the crocodile is king?” + +The Warthog snorts, “Not a Cult, Not a Cult, because it will be faster. Look how much water you have left!” + +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 can’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." +I have a car I bought brand new paid outright in 2010 that's just done 140,000. I know I lost a lot of value early on, but now I reckon it's been pretty economical that I hung onto it, it now has value and has cost less than £250 per month in real terms. I'm now looking for a replacement. +Are we better off buying something at 3 years old and selling at 6, or buying at a certain mileage and selling before it loses all value? Or just running something into the ground? Where is the sweet spot? +I can control the entire stock market with only 2 ETF's. + +TQQQ and SQQQ. You might be wondering, how? + +Well it's simple. Every time I purchase TQQQ, the stock market immediately declines. Everytime I purchase SQQQ, the market inclines. + +It has become evident that I alone, can mitigate a stock market crash by purchasing at least 1 SQQQ a day. Unfortunately, I'll need some funding if I want to do that. + +No, don't ask me to do any favors for you. Just remember, when the mountain peaks or the valley bows, I have purchased a share. +Edit: You guys all have been incredibly supportive and amazingly encouraging. I didn't come here to complain about life or start an argument, just to share that it IS possible to at least make some progress. Thank you ALL for your kind words, it means the world to my spouse and I. :) + +I know this sub is full of personal stories, but what the heck, here's mine.... + +I'm a semi regular here, but posting from a new account to stay somewhat anonymous. + +I grew up in a cult. Lots and lots of kids, religion, a hatred for government programs, but somehow my parents couldn't work, either. We were poor, like no kidding poor. I didn't know better at the time, but started to see through it all in my teenage years. + +At 17, I was kicked out (didn't go along with the cult stuff like I was supposed to), had $300 to my name, along with a bike and some super culty clothes. A skimpy part time job, and some amazing friends who took me in and let me crash on their basement floor. + +The next 2 years I spent working every job I could find, eating cheaply and scratching together money for community college tuition. Between growing up broke and experiencing my own challenges, a dollar is worth a LOT to me. + +At 19, I enlisted. While the military isn't for everyone, it's been a really good gig for me. Even on lower enlisted pay, I suddenly had $600 a check of my own money that I had no idea what to do with. Someone told me about the TSP, and I chucked the rest into savings. + +At 21, I took $20,000 that I had saved up and used it to buy a starter home. My peers made fun of me for driving a beater car, but my mortgage payment was less than their car payments. I still ate cheaply, drank only occasionally (a bar tab is basically the worst thing at that age...) and rented out rooms to make extra cash. + +Shortly after buying that first house, the military was kind enough to re-located me, leaving me with a house I couldn't sell. I rented it out, struggling with the cashflow but learning a LOT about real estate. + +Somewhere in there, I got married and had a kid, the typical 1st world life's story. My spouse isn't nearly as focused on FIRE as I am, but is frugal and happy to go along with it. I do the budget and organization myself, then we talk about our goals together. Works pretty well. + +Today, I still don't have my high school diploma, but am almost done with my bachelors degree. I just bought my 3rd house, something that I really didn't need, but I really wanted to live in. Household gross income should be close to $140,000 this year, between two salaries and the rentals. + +$100,000 in tax advantaged retirement accounts, mostly Roths. +$225,000 in rental real estate, only $60,000 owed in mortgages. +$300,000 personal residence, $278,000 financed. +Cars paid for. +Misc emergency savings, cash accounts, etc. + +Total networth of $319,000 as of my last spreadsheet update. Not too bad for a kid who was homeless and hopeless 10 years ago. + +If I can do it, so can anyone else. Here's a few take-aways that I've learned: + +1, it's not always about the percentage of returns, but the overall direction. Mental focus is sometimes your biggest advantage. + +2, just be happy with less. I'm damn proud of my beater cars. + +3, even though we're not FIRE'd yet, I still have the freedom to splurge on my kid and enjoy the small things in life. + +4, sometimes doing your own research is more important than getting professional directions. Not to discount professional advice, but never solely rely on it. + +5, people are gonna make fun of you. Especially as a young adult where all your friends' pay rates are published. Now, though, I get the whole "How did you get to be so rich!?!" question from those same people who were laughing at me just 4 years ago. + +6, money has given me the ability to help other people, especially my younger siblings who are still coming out of the cult. That right there is powerful. If I retire a few years later because I was able to help them get through community college, it will be one thousand times worth it. + + +This post is more about the story than the numbers, and I apologize if that doesn't go with the sub's MO. Sometimes I feel like we gotta step back from the nitty gritty and just appreciate why we're all on this journey. +I was looking through the charts and decided to randomly check out the banks. + +I'm a smooth brain so I'm hoping someone with knowledge of this can dissect it.I noticed the banks for the past few hours have had somewhat tracking charts and I was hoping someone could shed light on it. Is this a normal thing for all banks to track and dip at the same time? + +&#x200B; + +(P.S. These are all 30 Minute Charts. So yes, it extends before After Hours began.) + +Thanks guys! Buy. Vote. HODL! + +&#x200B; + +[TD Bank - Canada \(NYSE\)](https://preview.redd.it/ukyhtymufdy61.png?width=897&format=png&auto=webp&s=e06b618e1f674cc7f0955ee119e9faf93f061d78) + +&#x200B; + +[TD Bank - Canada \(TSE\)](https://preview.redd.it/ab7aviwcgdy61.png?width=928&format=png&auto=webp&s=9bcaac2273826d0afd6acf28cdab96ac1a3bfe71) + +&#x200B; + +[Royal Bank - Canada \(NYSE\)](https://preview.redd.it/8hqkwdu1gdy61.png?width=887&format=png&auto=webp&s=ac3985bda6f1db36472a64a608f91c561bce1eaf) + +&#x200B; + +[JP Morgan - America \(NYSE\)](https://preview.redd.it/m0eq9zd4gdy61.png?width=902&format=png&auto=webp&s=bf750cf359fa25ecc1c1ed8b67645940fc233694) + +&#x200B; + +[CME - America \(NASDAQ\) \(EDIT\)](https://preview.redd.it/kwg4t647ody61.png?width=882&format=png&auto=webp&s=1a7e18de186ac6aa48b0e97ffd00e27d914e1c26) + +&#x200B; + +[BofA - America \(NYSE\)](https://preview.redd.it/why4t957gdy61.png?width=902&format=png&auto=webp&s=833ab08ad4239550316d236f665e108ac5e5dbfa) + +&#x200B; + +![img](o9buivt9gdy61 "Citigroup - America (NYSE) +") + +[BNP Paribas - France \(OTCMKTS\)](https://preview.redd.it/c07jslfdhdy61.png?width=891&format=png&auto=webp&s=d6c5004128f3fd6f13d5c40ead838a3f38ba4379) + +&#x200B; + +[Laurentian Bank - Canada \(TSE\)](https://preview.redd.it/b3ohdh5ohdy61.png?width=925&format=png&auto=webp&s=c55788e6ffc7f259720a9d9cef493ea0a82b73b9) + +&#x200B; + +**I decided I'd look at some of Citadel's Holdings as well so here they are:** + +[IVV \(NYSE ARCA\)](https://preview.redd.it/527u28vjgdy61.png?width=899&format=png&auto=webp&s=2940180ab6bf1a452d25d84994beb5b19c50dcc7) + +&#x200B; + +[FB \(NASDAQ\)](https://preview.redd.it/7vzd2bangdy61.png?width=901&format=png&auto=webp&s=83b86674e54e431fa1d0aa632ced59812770a1a1) + +&#x200B; + +[DD \(NYSE\)](https://preview.redd.it/n90mxh5pgdy61.png?width=904&format=png&auto=webp&s=26c410adcaab8956fdeaa0fa9d1ab91732f7607f) + +&#x200B; + +[MSFT \(NASDAQ\)](https://preview.redd.it/f21d00irgdy61.png?width=896&format=png&auto=webp&s=993244a9ff9370c7f931f96768904733db004db3) + +&#x200B; + +[TMUS \(NASDAQ\)](https://preview.redd.it/digbnaetgdy61.png?width=910&format=png&auto=webp&s=90ef03002bf82b0fb38f06d94e1e9407ae6fa899) + +&#x200B; + +[BTCUSD](https://preview.redd.it/1ki0yzv9rdy61.png?width=1012&format=png&auto=webp&s=10b853015bb04c63382dfcc957efcede93f98eff) + +&#x200B; + +[ETHUSD](https://preview.redd.it/ooenie0crdy61.png?width=1011&format=png&auto=webp&s=b00cf23dd8d567669e0f5706129b33073e7a3fa2) + +&#x200B; + +Someone with a wrinkle or two tell me if I'm wrong and this is normal. Otherwise. Tits. ***JACKED.*** + +&#x200B; + +Edit: Added CME as requested. Same chart. +Edit2: I've also added BTC and ETH +Hi all, I recently started my investment journey. I opted for monthly SIP in some Mutual Funds. But I am not able to estimate the actual returns that I will make in the future. The SIP calculators available online don't account for taxes and other charges. So could anybody here help me in calculating the actual returns from my SIP. Take the example of Parag Parikh flexi cap fund: + +Expense ratio: 0.82% (inclusive of GST) + +Exit load: For units above 10% of the investment, exit load of 2% if redeemed within 365 days and 1% if redeemed after 365 days but on or before 730 days. + +Stamp duty: 0.005% (from July 1st, 2020) + +Tax implications: Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year. + +&#x200B; + +I do SIP of 5000/month. What real return can I expect from this assuming inflation adjusted CAGR to be 7%. +> "The additional barriers set by Indian side for investors from specific countries violate WTO's principle of non-discrimination, and go against the general trend of liberalization and facilitation of trade and investment. We hope India would revise relevant discriminatory practices, treat investments from different countries equally, and foster an open, fair and equitable business environment," the Chinese Embassy said in its statement. + + +https://www.ndtv.com/india-news/china-slams-indias-new-fdi-rules-says-they-are-against-liberalisation-2214864 + + +Indian govt tried to act smart however it made its move without any leverage. A simple action of PBoC buying 0.2% of HDFC got Indian govt so worried and it exposed all its cards in a fleeting move of madness for which it will now either have to backdown or face economic sanctions for violating WTO Free trade practices. + +~ 1% ownership in HDFC gives PBoC nothing - no say in corporate governance of any kind. Meanwhile China owns huge stake in several Indian startups from paytm to zomato, Byju’s, MakeMyTrip, Swiggy Ola, Big basket etc though Chinese holding companies like Alibaba and Tencent - companies in which China can interfere and also access Indian consumer data. + +Indian regulatory wrt to starups have been so bad that to have exposure in top and Indian startups like the ones listed above, which a huge % of Indians use, we need to get exposure via investing in BABA and Tencent shares as these companies are not even traded in India. While Indian starups have been among the most innovative, the regulatory approach has been to tighten all screws and actually discourage innovation. Now another line of growth via investments has been ruled out. +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 +I’ve never kept a track of my finances but have decided to input my wife’s and my children’s assets (Junior ISA) into one family spreadsheet from now on. + +Wife owns a Buy To Let and I have an index tracker so I want to monitor the progress + +Would anyone be willing to share their templates (minus their personal information) via DropBox links or similar. Stuff with columns for property, ISA, expenses, bills etc? +Backstory, lived in an apartment for 3 years. Had some financial trouble while living there but in the end fixed them and moved to be way closer to the higher paying job and was right with money the last few months. The apartment complex was bought/sold 4 times while I lived there. The last company bought the property about 2 months before moving out. My GF and I were in the market to move but was not sure it would happen, so we were planning to stay when a last minute place opened up and we were able to move at least an hour traffic wise, closer to my job. We moved about 1.5 months before the lease was up. The entire time I was calling the office and no one was answering. They took the website down, never provided information on how to reach the new owners and closed the main office for construction for a while. So we moved and I kept trying to give them notice of moving. I had turned in Keys and everything before the lease date was up with my Apartment number on it. + +2 years goes by and not a call or email from the company that had my number and email on file. I get an email one day from Hunter Warfield stating I was in debt collection for 665 dollars to this previous company. I, of course, asked them to provide me information on this debt and they sent me a court case from a year prior collecting on me and evicting me. (GF wasn't on the lease). So I told them I am not aware that I was any part of this and that I would not be accepting this as a legit debt. However, in time, it has been put on my credit report. I have reported it to Transunion and Equifax but it has come back. + +It really isn't a lot of money in the long run and I would love to pay it as we are in the situation of looking to buy a house, but its almost not about the money. It is more about the eviction. I am willing to pay if the eviction can be taken off my record as that will look bad for future rentals or buying a house. Especially over what is less than a months rent. I payed the entirety of the lasts months rent before leaving and never even looked to get my deposit back as it was a special price and figure they would use it anyways without giving it back. + +I was wondering if anyone has been in this position before and maybe some advice on how I should handle this. I am capable of paying it off but I am more worried about the eviction. I am sure I could hire a lawyer to fight this but, I am sure it would cost way more to go that route. + +TLDR; Moved out of apartment last minute. No contact for 2 years. Get debt collection and eviction from apartment complex. What do I do? + +EDIT: I am tracking down the case and bringing it to a lawyer. Thank you for all the helpful people. +Like a gym membership, boxing/MMA gyms, rock climbing/bouldering, Netflix/Stan, pole/silks? + +EDIT: damn everyone has interesting hobbies! My only hobby that I do regularly is going to the gym. +When I say Netflix/Stan I mean watching movies as a hobby :p +Being at historically low rates globally the common expectation is for rates to start rising yet American banks offer 30 year fixed rates below 4%. Does this give any indication of where interest rates will be over the next few decades? +The NZ market is several months ahead of us in terms of cash rate movements, and seems to be falling faster than our market. However, it is worth noting that there are other factors in NZ, including removal of negative gearing and worse inflation. + +I saw this [particularly grim post](https://www.reddit.com/r/PersonalFinanceNZ/comments/xuvnfu/is_it_possible_to_get_a_smaller_house_with/) on /r/PersonalFinanceNZ - this person is 20% down and needs to but can't sell, it'll be interesting to see whether we will have similar situations here, albeit to a lesser extent. + +Thoughts on whether and to what extent we can draw comparisons between NZ and Australia? +As far as I know, nobody has gone through every stock that halted between Jan 27 and Jan 29 of last year to determine if they may have been related to us or not. I won't be drawing too many conclusions here, there are a lot of companies to look at I am just looking for companies that had a massive spike and then drop at the same time as we did. I am trying to get eyes on this data. Maybe someone with more wrinkles can draw some conclusions. + +TL:DR + +* Looked at all tickers that had LULD trading halts between Jan 27 and Jan 29 2021 +* May have found some other stocks in the basket, needs more eyes to confirm + +I decided to download the NYSY LULD trading halts data for the last 2.5 years to see what I could determine about other stocks that may also be shorted by the same SHFs as GME. [Anyone can download a CSV with this data directly from the NYSE](https://www.nyse.com/trade-halt-historical). + +Here is what I found + +* Gamestop had at least one trading halt every day between Jan 22 and Feb 2 +* There were 31 trading halts across the entire market on Jan 22, 37 on Jan 25, 31 on Jan 26, 117 on Jan 27, 172 on Jan 28, 99 on Jan 29, 44 on Feb 1, and 14 on Feb 2 +* Gamestop was the only stock that had a halt on the 27, 28, or 29 that had a halt every day between the 22nd and the 2nd, headphone was the runner up with only the 22nd missing, however headphone actually had more halts than GME during the 8 days that GME was halting +* I found 29 companies that seem to have halts and similar behavior to GME in late Jan 2021. These companies are the following: AeroCentry Corp, Popcorn, Amesite, Armata Pharmaceuticals, Bed Bath and Beyond, Build-A-Bear, Cel-Sci, Dilliards, Discovery, Drive Shack, Elys Game Technology, Express, National Beverage, Fossil Group, New Concept Energy, Iron Mountain, JanOne, Lianluo Smart, Naked Brand Group, Nokia, Siebert Financial, Sirius XM, Sundial Growers, Tootsie Roll, Universal Security Instruments, ViacomCBS, Vir biotechnology) + +Below are two charts that help to show the halts during the sneeze. The first chart compares the total market halts to the total possibly linked halts, I Included us and headphones since we had the most individual halts of all the tickers that halted. The second chart breaks down all the tickers that I thought seemed to be linked. + +[Total market halts, compared to total possibly linked halts](https://preview.redd.it/zeqfhkejvr591.png?width=3133&format=png&auto=webp&s=4fe73252f9847436d43c4eb05894e2b1f93b412b) + +&#x200B; + +[All possibly linked halts broken down by ticker](https://preview.redd.it/h9dbfpckvr591.png?width=3133&format=png&auto=webp&s=76d0b7270b11f19472f121849c62b4fd0daa2962) + +Now I am going to go through every stock that halted around GME and see if they appear related. I will bold the ones that I think might be worth looking into. + +* **A-C-Y (AeroCentry Corp), ticker has since changed to M-T-M-T (Mega Matrix Corp). There is a very clear spike and drop around the sneeze, and the volatility seems higher after then before. Company has expanded into Metaverse and GameFi, so probably related. Had 10 halts on 28, and 2 on 29.** +* A-H-C (A.H Belo Corporation). Newspaper publishing company, only had a single halt on the 27th and doesn't match behavior, probably unrelated. +* A-M-A-L (Amalgamated Bank Class A), it's a bank, not related. +* **Popcorn. We already know this tends to move with GME, not much more that needs to be added. Only Halted between 27 and 29, 6-13-1 respectively.** +* **A-M-S-T (Amesite) tech/software company. Relatively new, only listed in September of 2020, but it had big spikes in Jan and June interestingly, both of these were slightly delayed compared to GME. The Jan spike happened on the 29th, and the June Spike happened on the 10th, which was the same day we went from 282 to 220.39.** +* A-M-W-L (American Well Corporation). Telehealth company, was also listed in September of 2020. Was still pretty volatile, so probably not related. 2 halts on 27th, none on 28 or 29. +* A-N-D-A-U (Andina Aquisition Corp.), now listed as S-N-A-X (Stryve Foods, Inc.) Seems to be a company with the sole purpose of merging with other companies, does not seem at all related. Only halted once on the 29th. +* **A-R-M-P (Armata Pharmaceuticals, Inc.). Biotech company, has the signature spike on the 28th and higher volatility since, but no spikes in March or June. 6 halts on the 28th adds to the argument that it is related.** +* **B-B-B-Y, we already know this related, Papa Cohen has bought in this year. 1 Halt on the 27th.** +* **B-B-W (Build-A-Bear Workshop, Inc.) stuffed animal store located in a bunch of american malls. Spiked on the 27th with one halt on the way up, dropped back on the 28th with 3 halts on the way down. Did not move with the rest of the more traditional short basket stocks after January. But definitely seems likely to be related** +* B-R-P-A/B-R-P-A-U (Big Rock Partners Acquisition Corp). Special Purpose Acquisition Company, trying to buy senior housing. Was volatile starting December 10 2020, and remained that way until delisted in May 2021, probably completely unrelated. 3 halts between the two separate securities on the 28th and 29th. +* C-A-C-C (Credit Acceptance Corp.). Auto finance company. Movement doesn't match the 28th spike, probably unrelated. 1 Halt on 27th. +* C-A-N-G (Cango Inc.). Chinese company dealing in auto transactions. Doesn't match and has several spikes significantly prior to Jan. Unrelated. 1 halt on 28th, 2 on 29th. +* C-G-I-X (Cancer Genetics) biotech company that was about to merge, doesn't match, 1 halt on 27th. +* C-G-R-O-U (Collective Growth Corporation Unit). Seems to be another Special Purpose Acquisition Company, has now been delisted and is trading OTC. Unrelated again. 1 halt on 28th. +* C-R-K-N (Crown Electrokinetics Corp.). Was listed in Jan 2021, early listing volatility was the reason for the halt. Unrelated again. 2 halts on 28th. +* C-V-L-B (Conversion Labs, Inc.). Changed tickers in February, unrelated to shorts. 1 halt on 28th. +* **C-V-M (Cel-Sci Corporation). Large spike on 27th, then large drop on 28th had 9 halts on 27th, and 1 on 28th. Could be related, but not completely clear.** +* C-V-R (Chicago Rivet & Machine Co.). Manufacturing company. Had a very volatile 28th, but probably not related, has had several very volatile days since. 3 trading halts on 28th. +* **D-D-S (Dilliards Inc.). Clothing retailer, spiked a bit earlier than GME, may not be related. 1 halt on the 27th.** +* **D-I-S-C-B (Discovery class B.). We know this was in Archagos' portfolio since it is one of the stocks that cratered when they got the call from Marge. Has since been delisted. 1 Trading halt on the 27th** +* **D-S.P-R-D (Drive Shack Inc.). Golf supply company. Had spikes in Jan and March that line up. 1 halt on 27th. Not entirely convinced, stock seems to be pretty volatile outside of the Jan sneeze.** +* D-T-S-S (Datasea Inc.). Listed in January, normal post listing volatility, not related. 1 halt on 27th. +* E-D-R-Y (EuroDry Ltd.). Listed in January, normal post listing volatility, not related. 1 halt on 29th. +* **E-L-Y-S ( Elys Game Technology, Corp.). Very volatile around period in question so can't determine for certain, but Ortex has multiple articles about short interest so it may be related. 1 halt on 28th.** +* E-R-I-C (Ericsson American Depositary). German telecom company listing on NYSE. I tend not to suspect that foreign companies are related but there is some definite odd behavior on the 27th. 1 halt on the 27th. +* **E-X-P-R (Express Inc.). American fashion retailer. Large volatility spike and then drop in the correct period of Jan. and also on June 2. 13 halts on 27th, 10 halts on 28th, and 1 on 29th. Almost definitely related.** +* E-Z-G-O Chinese transportation company, listed in Jan, been on steady decline since. Not related. +* **F-I-Z-Z (National Beverage Corp.). What they do is in the name, definitely have a spike and drop in the correct location. 1 halt on 27th.** +* **F-O-S-L (Fossil Group Inc.). Another fashion company with a spike and drop in the correct location. 1 halt on 27th and 1 halt on 29th.** +* F-U-E biofuel index. Not even considering +* F-W-P (Forward Pharma). Danish biotech company listing on NYSE. Not related. +* **G-B-R (New Concept Energy). Oil and gas company out of Texas. I wouldn't expect this to be related but it went from $2.30 to $30.99 and closed at $25 on the 28th before gapping down and closing at $11 on the 29th. Chart behavior seems to match but it doesn't make much sense. 1 halt on 28th, 3 on 29th.** +* ***GME (our favorite company). Is GME related to GME? Not completely sure... /s. 3 halts on 22nd, 9 on 25th, 5 on 26th, 3 on 27th, 19 on 28th, 1 on 29th, 1 on 1st, and 5 on 2nd.*** +* G-N-R-S-U (Greenrose Acquisition Corp.). Another holding company, not related +* H-M-C-O (HumanCo Acquisition Corp.). The holding companies keep coming, this one totally isn't run by a robot... volatility was from it being listed on the 29th. +* I-C-C-C (Immucell Corp.). Spiked on the 29th, and didn't drop nearly as much as the others, probably something announced by the company and probably unrelated, 3 halts on 29th. micro cap, low liquidity +* I-D-X-G (Interpace Biosciences, Inc.). Behavior doesn't match, micro cap company, low liquidity. +* I-M-T-E (Integrated Media Technology). Behavior doesn't match, Australian micro cap company. +* I-N-B-X (Inhibrx Inc.). Listed in Sep. 2020, was volatile prior to sneeze. Doesn't seem related +* **I-R-M (Iron Mountan Inc.). Data storage company, spiked from 25th to 27th, dropped back sharply on 28th. Could be related. 1 halt on Jan 27.** +* I-R-T-C (iRythim Technologies, Inc.). digital healthcare company Extremely volatile prior to sneeze, halt was actually a massive drop from 252 to 168 on the 29th. Probably unrelated but I am starting to see a lot of biotech companies on this list. 1 halt on 29th. +* I-Z-E-A (IZEA worldwide Inc.). Micro cap media marketing company. Started a run in Jan, doesn't seem related. 1 halt on 27th. +* **J-A-N (JanOne Inc.). Biotech company working on pain relief, massive spike on 27th and 28th before dropping back on 29th. Definitely seems related. 4 halts on 27th, 18 halts on 28th.** +* J-R-S-H (Jerash Holdings). Holding company for clothing, spiked on 29th, but not enough to make me think it was more than a fluke. 1 halt on 29th. +* J-U-P-W (Jupiter Wellness Inc.). Listed in October 2020, was still very volatile, probably unrelated. 1 halt on 29th. +* K-B-S-F (KBS Fashion Group Ltd.). Now listed as L-L-L (JX Luxventure Ltd.). Chinese luxury clothing company, does not match the pattern and isn't an american company so probably unrelated. 1 halt on 27th, 2 on 29th. +* K-E-R-N (Akerna Corp.). Weed stock, had a very volatile entire month, probably not related. 1 halt on 29th. +* K-I-N (Kindred Biosciences). Another Biotech company, was bought out a few months after the sneeze, was probably already in process and the spike doesn't match. 2 halts on 28th. +* **K-O-S-S (Headphone stock). We have long suspected a connection here, this stock actually had significantly more halts than we did over the period between the 22nd and the 2nd. It didn't halt on the 22nd, but did halt every day between the 25th and the 2nd. 4 halts on 25th, 2 halts on 26th, 26 halts on 27th, 21 halts on 28th, 11 halts on 29th, 2 halts on 1st, 2 halts on 2nd.** +* K-S-P-N (Kaspien Holdings Inc.). Ecommerce software company, micro cap. Had a larger spike on the 20th before another rise on the 28th, probably not related. +* K-S-U.P-R (Kansas City Southern). Has since merged and been delisted. Doesn't seem related. 1 halt on 28th. +* L-G-H-L (Lion Group Holding Ltd.). American listing of Hong Kong company, foreign company and doesn't match the pattern. +* **L-L-I-T (Lianluo Smart Ltd.). Biotech company was merged with Newegg, now listed as N-E-G-G. Doesn't seem related, the movement could have been related to the upcoming merger, but it did halt 16 times on the 28th and 1 more time on the 29th. Which could warrant further investigation.** +* M-A-R-P-S (Marine Petrolium Trust). It's a petroleum company associated with a bank, probably unrelated. 2 halts on 28th, 1 on 29th. +* M-D-L-Y (Medley Management Inc.) now listed as M-D-L-M. Financial institution, not completely sure what they did. Does have a spike in Jan, but had much larger spikes before that and is now basically delisted. 4 halts on 27th +* M-G-Y-R (Magyar Bancorp, Inc.). It's a bank, stock has very low volume, probably not related 1 halt on 28th. +* M-T-R (Mesa Royalty Trust). It's a trust, and it doesn't seem related. 1 halt on 28th. +* M-X-C (Mexco Energy Corp.). Oil company out of Texas. Doesn't seem related. 2 halts on 28th. +* **N-A-K-D (Naked Brand Group Ltd.). Has since merged with an EV manufacturer but kept the ticker. This was one of the stocks that had the buy button turned off, so we know it was related. 4 halts on 27th, 2 on 28th.** +* N-C-T-Y (The 9 Ltd.) Chinese game operator for WoW. Doesn't seem related from the chart. 1 halt on 28th. +* N-E-W-A (Newater Technology Inc.). Chinese water company. Doesn't seem related 4 halts on 28th. +* N-L-S-P (NLS Pharmaceutics Ltd.). Swiss biotech company. Was listed Jan 29, not related. 1 halt on 29th. +* N-M (Navios Maritime Holdings Inc.). shipping company, was starting a 3 month run, doesn't seem related. 2 halts on 29th. +* **N-O-K (Nokia). Buy button was turned off, definitely related, 5 halts on 27th.** +* N-P-A-U-U (New Providence Acquisition Corp.). Holding company, not related. 1 halt on 29th. +* N-T-N (NTN Buzztime Inc.). Had a merge in March, doesn't match behavior. 1 halt on 27th, 4 on 28th. +* N-U-Z-E (NuZee, Inc.). Korean company, probably not related, 1 halt on 29th. +* O-P-H-C (OptimumBank Holdings, Inc.). It's a bank and the pattern doesn't match, 1 halt on the 29th. +* P-B-L-A (Panbela Therapeutics, Inc.). Micro cap stock, very low volume, pattern doesn't match, probably unrelated. 1 halt on 27th. +* P-Z-G (Paramount Gold Nevada Corp.). Gold mining company. Pattern doesn't match, 1 halt on 29th. +* R-H-E (Regional Health Properties). Skilled Nursing company. Had spike in December 2020 and May 2021, doesn't seem related. 2 halts on 27th, 4 halts on 29th. +* **S-I-E-B (Siebert Financial Corp.) it is a holding corp for brokerages. Definitely matches the pattern, but could be a result of the sneeze and not directly linked to the shorts. 7 halts on the 29th.** +* S-I-N-O (Sino-Global Shipping America Ltd.) seems to be a Chinese shipping company, can't find the ticker anymore, probably not related though. 2 halts on 28th and 2 on 29th. +* **S-I-R-I (Sirius XM Holdings). Satellite radio company, spike matches, and company portfolio matches, probably related. 1 halt on 27th.** +* **S-N-D-L (Sundial Growers Inc.). Weed company, had a lot of chatter around the sneeze, probably related 3 halts on 28th.** +* S-R-A-C-U (Stable Road Acquisition Corp.). Value investing firm, has since been delisted. Pattern doesn't match. 1 halt on 29th. +* S-T-R-R (Star Equity Holdings Inc.). Another Holding Company, pattern doesn't match. 1 halt on 29th. +* S-V-F-A (SVF Investment Corp.) Listed at the beginning of Jan, just post listing volatility. +* T-D-A-C-U (Trident Acquisitions Corp.). Another merger company, has since merged. Very Volatile and pattern doesn't match. 1 halt on 28th. +* T-G-C (Tengasco Inc.) energy company, had merger in February, unrelated. 2 halts on 29th. +* T-H-M-O (ThermoGenesis Holdings, Inc.). Cellular Biotech Company. Pattern doesn't match, probably unrelated 1 halt on 29th. +* T-I-R-X (TIAN Ruixiang Holdings Ltd.). Chinese company listed in Jan, just post listing volatility. 5 halts on 27th, 7 on 28th, 3 on 29th. +* **T-R (Tootsie Roll Industries, Inc.). Yep, it spiked and dropped, almost definitely related. Also RC tweeted about them. 1 halt on 27th.** +* T-R-I-B (Trinity Biotech). Biotech company, doesn't match pattern probably not related. 1 halt on 29th. +* **T-R-X (Tanzanian Gold Corporation). Canadian gold mining company, was going to write it off, but the spike fits and then it bounced in early Feb again. 7 halts on the 29th.** +* T-S-Q (Townsquare Media Inc.). Media Corp. Gapped up during the sneeze, but doesn't fit the pattern. 1 halt on 29th. +* U-N-A-M (Unico American Corp.). Insurance company, with micro cap and low volume, doesn't match spike pattern. 1 halt on 27th. +* U-S-E-G (US Energy Wyoming). Energy company, has multiple spike then drops far outside of the expected range. 2 halts on 28th. +* **U-U-U (Universal Security Instruments, Inc.). Home protection company. Has spike at end of December before another one during the sneeze that seems to match. 1 halt on 27th, 9 on 29th.** +* V-A-C-Q-U (Vector Acquisition Corp.) some sort of financial company that merged with Rocket Lab (the small sat launch company). 1 halt on the 28th, but for a drop, probably unrelated. +* V-G-A-C/V-G-A-C.U (VG Acquisition Corp.). Genetics holding company, has since merged with 23 and me. Pattern doesn't match. 1 halt on each ticker on the 27th. +* **V-I-A-C/V-I-A-C-A (ViacomCBS Inc.). Was also in Archagos's portfolio. Doesn't really fit the pattern, but again, it was in Bill Hwang's portfolio so who knows. 3 halts on class B, 2 on Class A all on 27th.** +* **V-I-R (Vir Biotechnology, Inc.). Biotech company, has spike in correct place and then drop after, could be related. 2 halts on 27th.** +* W-A-F-U (Wah Fu Education Group Ltd.). Chinese Holding Company, doesn't match and is a chinese holding company so probably unrelated. +* Y-G-M-Z (MingZhu Logistics Holdings Ltd.). Chinese shipping company, founded in late 2020, probably just post listing volatility. +MoonPanda Finance is a financial services firm. + +A Community and Charity Token with the goal of donating to the conservation of Pandas. I'm sure most of you already know the gist by now: this is a deflationary token in which there is a fee on every transaction, a portion of which is redistributed, and the remainder is donated to panda-saving charities. I wouldn't normally put money into projects like these, but I like that the developer is doxxed, so I'll be aping in. Remember to DYOR and DD, and stay safe! + +\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~ +Pre Sale is Live: Via DxSale + +Softcap: 75 BNB + +Hardcap: 150 BNB + +2100 + TG members + +\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~ + +\- Doxxed: CEO/Dev + +\- 600Trillion Tokens Burned + +\- LP Locked Until year 2099 + +\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~ + +MARKETING: + +\- Coinhunt ( Done ) + +\- Poocoin Ads ( In Process ) + +\- Coinsniper ( In Process ) + +\- Coingecko ( Will Submit after PCS Listing ) + +\- Coinmarketcap ( Quarter 3 ) + +\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~ + +SOCIAL MEDIA CHANNELS + +\- OFFICIAL TELEGRAM GROUP: + +[https://t.me/MoonPandaFinance](https://t.me/MoonPandaFinance) + +\- OFFICIAL WEBSITE: + +[https://moonpandafinance.com/](https://moonpandafinance.com/) + +\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~ + +Good luck everyone! +I was thinking about this whole Dust discussion and this would be a nice little game next to all the other crypto emotions. I don't really care that much about my dust as it's not a lot compared to the volatile market out there. But all added together it could be a pretty big amount of money which could be sold out to a lucky winner each month/end of week/whatever fits best. +EDIT - I think it’s been pretty thoroughly answered at this point, going to talk to them and sort out what we want to do if anything. + +Myself and a parent's name are on my mortgage from when they first helped me get the loan many years ago, now I have about \~5 years left to pay it off and they would like to take their name off. They're suggesting I need to refi in order to do this, but rates are currently worse than what I have and I don't want to extend it. Is there another way to go about this that won't require refinancing or incur those costs? + +I understand this might affect how the bank views the risk, which I guess is why it's possible that refinancing is necessary, but I've had it for \~15 years and my income is much higher than when first getting the loan. +Wass'up, + +I don't get where all this Archegos and Credit Suisse speculations come from here. So, a guy posted a document in the SEC comment section that has surfaced in a legal battle. He posted it in a thread about the necessity to bring transparency to the market. The whole document writes about swaps and what not, but firstly: not a single of those swaps shows to be around GME (unfortunately, I wish it were, but it is just not). So, I don't see any evidence that the swaps do include GME short positions to a greater extent. Fair enough, it MIGHT be, but I don't see any evidence for that in those documents. (GME is mentioned only in a side note and not so prominently that I believe it justifies the attention it is given here) + +Anyway, there's a couple of posts here suggested that those swaps need to be rolled today, or tomorrow or I don't know when. With respect to the swaps that Archegos entered into 1.5 years ago, this is bullshit, for the extremely simple reason that Archegos does not exist anymore. They imploded. Who should roll those swaps? The guy that sits in the office of Archegos that does not fucking exist anymore? By going bankrupt, they defaulted on the contract. + +Or do you think that Credit Suisse is going to roll the swap? Fucking no, they are the counterparty: Their exposure is the hedge to the swap, which is some sort of short position (if they actually did hedge). + +Lemme explain: + +So, Archegos opened some swaps years ago, which means: They went to their bank (e.g. Credit Suisse) and said: "Yo, I wanna be short this stock, but I don't want anyone to know. So, let's make a deal: I short indirectly with you as a counter party, when the stock goes down, I win and you pay me the difference and when the stock goes up, you win, and I pay you the difference. In order to make sure that I can afford that, here's 20% of the sum I am betting on (=the margin). And in 24 months, we will close this contract and whatever is due then, we will settle." Let's say they bet on 1m worth of stock A. + +So, Credit Suisse says: "Fine, let's do that, it'll cost you anyway 2% per month for the amount your betting on." And they go out and hedge their side of the trade (for example, by selling the stock short or other means, like options... or they find a counterparty that is willing to take the other - in this case long - side of the trade). + +So, first month, stock A goes down 10%. Archegos rubbing it's hands, saying: Boy, we just made 10% on 1m, this is 100,000$. And yeah, we will pay the running fee for the swap (the 2%) so 20,000$. Gives them 80,000$ in their pocket. + +What about Credit Suisse? Well... they need to pay Archegos 80,000$, how do they do that? Well.. they hedged their exposure, they are short themselves and just made 100,000$ last month. So, the deal is basically risk free for them. They give Archegos the 80,000$ and pocket the remainder of 20,000$ + +When this swap matures, the positions are closed, Credit Suisse dehedges (e.g. buys the shares back) and everything goes back to normal. Archegos might roll their swap (e.g. create a new swap with similar properties) and the game restarts. In this case, the swap was rolled. + +But what if Archegos fucking explodes in between? Which, by the way, happens to be the fucking case. Well... Credit Suisse is stuck with their hedge. They can't dehedge and make Archegos pay the bill, because they just vanished. Whereas the underlying deal is risk free, it comes with a counter party risk that just blew up. Credit Suisse doesn't need to roll the swap, they will some day need to become risk neutral again by dehedging. But this has nothing to do with terms of the swap, because - unless the swap was taken over by somebody else - it just leaves Credit Suisse with a big pile of steaming shit in their books (like a brazillion securities sold short). + +So the due dates of the swaps do not matter directly. Credit Suisse might or might not have hedged their side of the trade and nobody knows this hedge looks. It might they found somebody for the long of the trade, it might be that they are short the stock, it might be that they bought a shitload of options in Brazil, NO-BO-DY FU-CK-ING knows... at least yet. And you can be sure that this will not surface in the legal battle, because it is between the CFTC and the corpse of Archegos (and the guys that ran that show). + +So, while rolling swaps definitely is a thing, it definitely is not a thing if one of the parties to the contract just blew up, especially if it is the party that closed them in the first place. + +You cannot deduct any roll dates and volume or price movements on the underlying stock (or basket of stocks) for those swaps mentioned in the document, because the counter-party ceased to exist. + +It's a simple as that. + +I am very happy to be challenged on that. + +A very quick lookup on whalewisdom shows that Credit Suisse seems to have a 250k long exposure on GME, which is absolutely nothing. I don't see any other exposures there, however, as we know, some exposure is not reported (e.g. exposure of swaps, which was the topic that the SEC requested comments to very recently, I hope you did, short exposure). + +There are much more interesting positions, like for example State Street Corp with 6.8m shares. State Street is the same group that also runs the ETF XRT, which is oversold all the time and in RegSho for months this year. Their holding corresponds to an exposure of roughly 200m or a 2.22% stake in the float of the company. That is substantial. + +XRT(their ETF) has net assets of $318m, of which 6.6% are GameStop. This means, XRT contains $20m worth of GameStop. + +So, State Street is long the rest (180m$) on GameStop? And runs the ETF that gets shorted to hell and does nothing against it? + +Sure... + +Lemme repeat: Archegos is a fucking mess but in the context of GME, I don't see what role they are supposed to play. Red herring... the eyes should be on other guys. + +&#x200B; + +However: That doesn't mean that those documents are spicy, they are: Archegos lied to their prime brokers and created a financial black hole that is probably sucking up Credit Suisses' (and god fucking knows whose else's) capital. It shows how ridiculous the reporting requirements on swaps are and that it is crazy how easily Archegos was able to just hide their positions. + +All of this is not financial advice. I can't even count how many toes I have, talk to an adult about your investment. + +Cheerio.. DRS. That is all. +Gary Kaultbaum, an analyst I think highly of, is warning his followers he's seeing lots of evidence we're in a final bull run before the a major correction. + +He's pointing to all time market highs across the world, sky high valuation (Tesla's doing nothing but going up 5% a day for one huge example), speculative rushes into things like bitcoin and SPACs, huge IPO valuations, and more. + +I know there's always someone out there saying the sky is falling, but Gary K is not one of those guys. A lot of things out there feel ready for a significant pullback. +I see lots of people here playing $SPY calls or puts, but I can't find any public info, SEC filling of them or anything else. I don't even know what economic sector they're in, tho probably they're some massive Silicon Valley unicorn with the amount of buzz they get. + +Their CEO is so mysterious he's not even showing up in my search results. No Twitter account, either. Weird. + +Do you have any links I can read to inform myself better of their company? +A close family member has been diagnosed within an 80% certainty of PLS, which I read as 50-50 possibly of becoming ALS. + +There’s probably a more subtle way of putting this. I’ll just say it directly since either way you cut it this is an ugly question for an ugly business. I know the adage is wealth can’t buy you health. But, I mean, can it? Are there any clinical studies, procedures offered overseas, etc we can use wealth or spheres of influence to give our loved ones a better chance? + +The bigger question to make this more relevant to the broader community is have you used your money to try to win an un-winnable fight against a disease? +I have 3 commercial properties with a combined equity of 3.6mm throughout them. Someone I work with brought up how he purchased his vacation home with equity from his primary home and it worked out well for him. Would it be wise to take tap into 2.5mm of the commercial RE equity and purchase a new home outright without a mortgage? +The reason I don’t want to sell is because of future plans for developments on the properties. Currently all the properties have strong leases, cash flowing and appreciating. +I see so many posts on here, mostly from new users that have under 2k and are just foaming at the mouth trying to comprehend which ticker to buy, some are from bots trying to make the foam a little more frothy. Either way, GME is what started all of this and will be the biggest. I really don’t understand all this AMC and NOK nonsense . I’m long on both tickers, but they’re just not the perfect storm that is GME + +It’s a war, not a battle. You buy your shares in GME now. It sucks you missed the runup to $50, it sucks you missed the runup to $100, and it really sucks to miss the runup to $300. But you know what will feel good? When you unload your shares onto Melvin’s backside + +GME 100 shares + +And if you came here from tiktok, don’t reply to this post + +Edit: HOLY FUCKING SHIT STOP REPLYING "IS IT TOO LATE" NO IT'S NOT TOO LATE. +BUY YOUR 1/10 FRACTION OF A SHARE AND HOLD UNTIL DEEPFUCKINGVALUE SELLS. +RIDE GME AND TAKE MONEY BACK FROM THE HEDGEFUNDS. WE WILL WIN. + +https://www.cnbc.com/2019/12/19/heres-where-the-wealthiest-investors-are-finding-opportunities.html?utm_source=www.google.com + + +The break down is 29% in real-estate, 24% in private equity, 21% in public equity and the rest in fixed income (10%), cash (12%) hedge funds (3%) and commodities (1%). +Okay so I’ve been working at this local, family-owned deli for about 8 months. I work as a delivery driver and I work Mondays, Tuesdays, Fridays, and Saturdays from 5-8:30ish. I say 8:30ish because we close at 8 but I stay after to clean up the restaurant which can take anywhere from 30-60 minutes. +So, onto the problem. As I’m graduating high school in less than a month, I’m going to be very busy with senior week, grad parties, and vacation. I texted my boss a month in advance for the grad parties that I am taking off for, which is only two dates, June 15,16, for my really close friends. Now my boss says that I can’t take off for those days because they aren’t legitimate reasons to take off. He also told me that this is real life because it’s a real job. While I understand that to a degree, I’m still a high school senior, I have a lot going on in my life and I can’t keep a steady 4-day schedule forever. I’m also 95% certain that a friend that works there, my classmate who is also a senior, requested off for grad parties and he had no problem with it. So basically I’m confused because I really don’t want to miss the grad parties but I also don’t want to get fired. What do I do? + +Edit: pretty much everyone is telling me to quit, but it will really hurt their business for a bit if I quit because they do not have a replacement for me as there are many cashiers and such, but only 3 delivery drivers including me. I also am friends with everyone there and would like to leave on... idk the right word... better terms? +I’ve bought some books, and signed up for a class and hope to purchase my first property in the next few months. In case it takes me until next year to find the right deal, can I still write off these expenses as a business expense if I don’t own any property yet? + +I am looking to purchase on the east coast though I live in the west, so some recent flights may qualify as well since I was out there looking at properties. +Background: +-I'm an engineer and have quite a bit of experience in managing capital projects - dealing with purchasing and subcontractors. +-I became a real estate agent a couple of years ago. +- 2 years later, I flipped 2 houses - generated $100k cash to invest and own a lot out right from dividing a property I sold. + +What I want to do: +- I want to get into developments. I've actually started planning out a build in the lot that I own. It will be a duplex; I will sell each unit individually and hope to make $100k off the project. Hopefully a little more if I can be a lot more involved in the build. +-I have also been biding out the different parts of the build and have a general contractor that will pull permits and oversee everything (he's a friend, not many will do this). Individuals from Electrical, Plumbing, and HVAC will work under him and also pull their respective permits. +-I want to do all of the planning and scheduling to cut down my costs. It will also allow me to learn the development process better. + +Hurdles: +-Biggest hurdle is the learning/understanding curve. I have to research every aspect of the build. +-Getting everyone to charge me for just labor. I want to build relationships with providers of the building materials to get better pricing as well as get good pricing on big-ticket items. I also want to shop around nationwide and evaluate cost benefits from shipping stuff in; if I schedule lead times and shipping times, I can make sure everyone has what they need when they need it. Also allows me to see the process and possibly make it more efficient (this is what I do at my job). It's hard to get people to charge me just for labor since they normally mark up materials and don't. Some don't even shop around since they transfer the cost to the customer. + +I would appreciate advise from people that maybe have a similar background to mine and have succeeded in what I'm trying to do. +Looking forward, I've been doing some research into empty buildable lots who have had the same owners for a long time (being a real estate agent gives me some tools). I want to offer these people cash for their lots, possibly subdivide them and then build on them. If I'm able to learn enough from my first build, I can go into getting even better prices from buying bulk for multiple simultaneous builds. Before jumping into getting some serious investors, I want to get as much info/help as possible to maximize profits. +so england narrowly sscaped their lehmann brothers moment this week witb boe buying back bonds to prop up marketsz which was caused by current government slashing taxes + + +this seems awfully simar to Australia situation. can someone explain if it actually is or isnt +I know more than likely, the government will have to keep prolonging stimulus, as there are numerous knock on effects. + +However, in the event that we have mass unemployment and reductions in Jobseeker/Jobkeeper, one might assume that Bankruptcy would be floated as an idea in households buckling under the strain of debt and loss of income. + +1 or 20 people declaring bankruptcy may not be an issue, but 100,000 or 500,000 or even a million bankruptcies surely must have a flow on effect. + +I am not an expert in economics, so i was curious, what would Mass bankruptcy look like, and what could its effects be? +https://www.bloomberg.com/news/articles/2021-11-12/rivian-is-now-biggest-u-s-company-with-no-sales-amid-ev-fever + +So let’s look at the facts: + +- CEO has no track record of success. + +- Company has no sales. + +- So far the company has managed to ramp production to only one truck a day. + +- The company is “targeting” a total of 1mn production rate in 2030. This includes vans, trucks, etc. +With an 80% jump in margin use among individual investors over the last 2 years, how much margin do you currently have (as a percentage of your portfolio)? And at what rate? Do you plan on reducing your margin amount as rates increase this year and if so, how/how much? + +I.e. I’m currently borrowing about 47% of my portfolio’s value in margin (not including retirement accounts, which you can’t take margin out on). I plan to reduce this to about 25-30% by year-end depending on the speed of rate hikes. + +It’s interesting to consider how high margin debt is (918.6 billion as of 11/30) as rates start increasing this year; is there any relatively recent empirical research exploring individual investors’/funds’ sensitivity to rate hikes in terms of margin? + +This might be an interesting start: + +[https:\/\/www.marketwatch.com\/story\/this-indicator-flashed-warnings-in-2000-and-2007-and-its-buzzing-now-11640865332](https://preview.redd.it/3w9qogu5thb81.png?width=1400&format=png&auto=webp&s=2c669de337bf37226e77840060565ce340617700) + +Overall, margin is still only about 2.5% of the S&P 500’s total market capitalization so I suppose nothing really alarming could stem from margin use itself, but I’m curious as to how others are adjusting their margin usage as rates increase. + +tl;dr Lots of margin usage, what does yours look like? + +Edit: Some brokerages like Robinhood do provide margin at pretty low rates (2.5%). Would that change your answer? +[https://coinrivet.com/nasdaq-moves-ahead-with-plan-to-list-bitcoin-futures-despite-falling-price/](https://coinrivet.com/nasdaq-moves-ahead-with-plan-to-list-bitcoin-futures-despite-falling-price/) + +Welcome to the Daily General Discussion thread. Please read the disclaimer, guidelines, and rules before participating. + +- +*** +- + +**Disclaimer:** + +Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and 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. The prior exemption for karma and age requirements is no longer in effect. +* 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! + + + +Like seriously. WTF is wrong with this guy? + +I like him and stuff for all the work he is doing. Hell. I have read his biography and admire him deeply for all the work he is doing. He is my man crush too. + +However, I fucking hate him for all the DOGE shit he has been doing lately. So many people gonna get trapped and end up wasting their life savings in that crap. + +I checked top ownership wallet and more than 40% off stack is owned by one single wallet and 20% by top 10 wallets. All "normal" day to day folks own the rest 40%. + +[**HERE's THE PROOF**](https://bitinfocharts.com/top-100-richest-dogecoin-addresses.html) + +Check one single wallet owning **36,812,356,144 DOGEcoins worth 2,636,273,792 USD** + +And, then right away imagine that guy dumping all at once. Other 20 addresses combined owns another 1.8 billion USD. + +Once these guys dump their load, it's gonna come massively down. Honestly, DOGE bubble is gonna burst heavily than GME bubble. That's what I and one of buddy who have been in crypto space for 9 years think. + +I think all of this is planned and highly doubt the top wallet owner is Elon himself. Guy has done many crazy shit in his life and I won't be surprised if he owns millions/billions worth DOGEcoins. Also, doubt top wallet owners are paying celebrities for pumps. + +Don't play with fire guys! Be safe with your money. + +PS: I went in during the pump a week ago and came out with 30%. Went again a couple of times because of greed and came out with -5% twice. Removed DOGE from my favorites in Binance and never looked back as it seems highly and heavily manipulated. +I'm trading for almost 2 months now and my account is up 2k with 5k as initial balance. My strategy is to only trade ONE stock every morning and will stay out of the market around 9:35am-10am. I'll be basing my trade on a news and will cut my losses short if I'm wrong and following Mark Douglas approach that every single trade is just random. I will try another strategy moving forward as my account grows but I'm still curious as I see a LOT of trading courses about technical analysis, indicators, patterns, whatsover. Bottomline, whatever strategy you have you'll end up winning 40-60% of the time. ( or 80% max if you're that good) IF you just follow your risk management, am I right or wrong in saying this? Is it really that complicated? I'll appreciate your response guys. +Good morning everyone, + +So a few years ago, I did a web design job for one of my friends who lives over in the States. I was just learning the ropes at the time, so I told him that payment wasn't necessary as our agreement was mutually beneficial. He potentially gets a website, and I get experience actually designing a fully fledged site, rather than doing little coding bits in online courses. + +I did a good job, and he insisted he pay me a bit. His website essentially offered courses in understanding cryptocurrency and how it works, so naturally he paid me in bitcoin. + +As I didn't *need* the money at the time, and I wasn't even expecting to get paid, I decided to reinvest this money into another crypto, so I put it in Ethereum. Bear in mind that I don't really understand crypto investment one bit, I just thought it could be fun. + +To make a long story short, I forgot about it. He paid me a sum roughly equal to £120 back at the end of 2016. The value of Ethereum has increased by around 215 times... So that's £25,800. For a web design job. + +This is where my question comes in. How do I withdraw this? Surely it's going to raise questions with my bank, especially as I've never invested money from my account into crypto before. How do I report this to HMRC? + +As I'm sure you're all aware, £25k could really help ease a bit of pressure in the current climate. + +Any advice would be appreciated. Thanks in advance! +[https://www.cnn.com/2021/10/18/homes/zillow-halting-home-buying/index.html](https://www.cnn.com/2021/10/18/homes/zillow-halting-home-buying/index.html) + + "We're operating within a labor- and supply-constrained economy inside a competitive real estate market, especially in the construction, renovation and closing spaces," said Jeremy Wacksman, Zillow's chief operating officer, in a statement. +I'm usually reserved concerning speculations about announcements or other events. But seriously, ladies & gents, if they're **this** desperate to drop the price RIGHT FUCKING NOW, we might actually be close to the NFT marketplace announcement 😂. + +They can't infinitely short the stock, there are limits to what they're capable of at any given time. That selling energy needs to be expended as efficiently as possible so as to cause a maximum effect on the price. Why would they blow their load in one go? The most profitable shorts are at the top. A better strategy would be to just keep the price stable and wait for us to get bored and sell. Then cause a weak rally and short the top. Rinse & repeat. Not whatever on Earth this is. + +January FTD cycle + NFT marketplace announcement inc. My God, hedgies are so fucked. +Other than the obvious decrease in income? I'm wondering if there are any long term implications? My situation is that over the past couple of years I have felt too unwell to do my supermarket job and was lucky to get a WFH job in summer 2021. My health has got worse to the point that I struggle to even work from home and then manage to do chores etc. I've come to the point where I feel too tired to do anything on the weekend and need to rest. I basically have no life. The GP hasn't found anything substantially wrong with me and I have no diagnosis. + +I live in the family home (parents died) with my sibling. There's no mortgage to pay. Other than the bills for that and the one car we share, I have no other expenses. Over the pandemic, my sibling's mental health has gotten so bad that my own mental health has really suffered and I'm struggling to cope with them. I feel that if I go part time (pretty sure my work will be ok with that) things would get better for me as I can't cope with things the way they are and something needs to change now. I don't qualify for any benefits and my salary is £19k (temporary contract until at least April but work have said they're going to offer me a permanent contract). I've been able to save just over £6k last year and I also have an emergency fund. + +I have been reluctant to sell up, split the house cost and move because as it stands, I didn't think that I would be able to afford to buy a place outright that was in a decent place (I can no longer afford to live in the town that I am in). However, living in this situation has been too difficult and I've realised we need to sell and move away, even if it means I have to move hours away to a more affordable place. My sibling is in a much better financial position as they earn £40k in a permanent job. + +The thought of clearing the house and moving while working FT fills me with complete dread as I know I won't cope with that. I feel like the way I live my life now with my lack of other expenses, I could afford to go part time but I don't know whether this is a stupid decision that will hinder me in the long-term. I don't have any other family or financially-literate friends so I hope you don't mind me asking for advice. +Hey guys. + +I just wanted to do a quick update on my [Missing Bananas post](https://www.reddit.com/r/Superstonk/comments/mvfs0c/over_30_of_gme_bananas_are_missing_from_bloomberg/) and relate it to some of the Dark Pool DDs that others have submitted this week to kind of drive the point home. + +u/broccaaa had a DD post about [FTDs and Massive Dark Pool Activity](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/) . His brain is wayyy wrinklier than mine and the detail of this research is truly amazing. + +One of the big takeaways relating to OTC / dark pool trading can be summarized in this graph from his [post](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/): + +[Dark Pool trade data for OTC and ATS trade pool.](https://preview.redd.it/pzrznz27ayu61.png?width=3076&format=png&auto=webp&s=8ddb45e3bd53673db4061e134a5c62969c16dda8) + +u/broccaaa concludes that "Dark Pool activity ramped up massively at the start of January," the "total number of trades more than quadrupled," and "the average trade size dropped to around 50 shares per trade, remaining there ever since." + +This table (also from his [post](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/)), shows the main Dark Pool participants (Shitadel being #1): + +[Total shares traded by firm for OTC and ATS pools since Jan.](https://preview.redd.it/sxua5labbyu61.png?width=3600&format=png&auto=webp&s=842f17ef4ea5c15d559ddf4a61d803d198b8cfe1) + +Definitely take another look at his DD if you have a chance! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +u/Doom_Douche had a great DD post, [A Deep Dive into Dark Pool Trading](https://www.reddit.com/r/Superstonk/comments/mv5kbm/deep_dive_into_dark_pool_trading_how_they_might/), where he shows how much more dark pool trading is happening with GME compared to other stocks. Again, super wrinkley stuff... + +One big takeaway from this post was that these conclusions were made using an estimated GME float of **54.1 million** rather than the **26.7 million** that we can now deduce from the **GME Proxy**... + +Using this table from his [post](https://www.reddit.com/r/Superstonk/comments/mv5kbm/deep_dive_into_dark_pool_trading_how_they_might/), + +https://preview.redd.it/1hnlg27hhyu61.png?width=1440&format=png&auto=webp&s=9eb0a00bf02b090d9d0adc161675d07285c64ab3 + +And making that little adjustment to the updated GME float... + +[Updated GME Float to 26.7 million - 49&#37; of GME float traded OTC](https://preview.redd.it/xqht0ymwjyu61.png?width=956&format=png&auto=webp&s=6fc7e76eb7bb76b585a12f533605bb26e19f2f88) + +Here's an approximation of what the updated graph would look like (Ape doesn't know how to make a new one) + +[Percent of Float Traded OTC - GME vs. Others](https://preview.redd.it/yzd78ydb41v61.png?width=702&format=png&auto=webp&s=7b9972345434869f6bed154027bef492400bb285) + +Yeah... I felt that too! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +**Now for my updated post** + +Thanks u/WSBdickhead for the updated Bloomberg Terminal screenshots. These are all streamlined to include the entire premarket and afterhours (4:00 - 20:00 EST). He was also able to change a few settings on the Default search criteria to include "Odd-lots" and potentially some other black magic that my brain was too smooth to understand. + +Long story short - the "Custom" search criteria in the Bloomberg screenshots now equals the Nasdaq total daily volume. So no more missing bananas??? + +Not so fast... Let's analyze that data a little further. The missing volume is still not reporting on any of the Bloomberg exchanges. So these missing bananas are not even going through the "**FINRA ADF**" dark pool and therefore must be traded through some other **OTC dark pool** that is **deeper** and **darker** than whatever dark pool data is being reported as "**FINRA ADF"**. + +What we see by comparing the data is actually really interesting and I'd love some feedback on how we can use it, and what we can do with it. + +&#x200B; + +**Do we now have a window into the daily OTC / dark pool trade volume???** + +&#x200B; + +Total Volume data (**Custom**) - **Bloomberg** reported data = missing bananas (**OTC**) + +**FINRA ADF** \+ missing bananas (**OTC**) = % of daily volume traded off-exchanges + +&#x200B; + +I'll make a few more calculations from this updated data at the bottom of the post (see Excel screenshots). + +&#x200B; + +Thanks again u/Ravada for the daily Bloomberg Terminal drops! + +**Original 4/13 Bloomberg Terminal** + +[Original 4\/13 - 69.6&#37; daily volume traded off-exchanges](https://preview.redd.it/bn6iuqy36ru61.png?width=1918&format=png&auto=webp&s=65936b278cabee1385f2750f2884ac44ee0ca51c) + +**New 4/13 Terminal** + +[New 4\/13 - 69.38&#37; daily volume traded off-exchange](https://preview.redd.it/ty48gujq4ru61.png?width=720&format=png&auto=webp&s=796903c19cadd841cc8a8bb37eed352a6b870f6d) + +What changed? + +Now Custom = Total daily volume. So these bananas aren't necessarily "missing", but are most definitely traded OTC / Dark pool. + +Adding FINRA **ADF** volume + **OTC** (other?) volume means that **69.38%** of 4/13 daily volume was traded off-exchange / in dark pools. + +&#x200B; + +**Original 4/14 Terminal** + +[Original 4\/14 - 73.0&#37; daily volume traded off-exchange](https://preview.redd.it/8qg4oxmv9ru61.png?width=1918&format=png&auto=webp&s=545143c86da1aaf1b6eecdc10040808cab779e1e) + +**New 4/14 Terminal** + +[New 4\/14 - 72.88&#37; daily volume traded off-exchange](https://preview.redd.it/olkc97l0aru61.png?width=720&format=png&auto=webp&s=ea5ea0d6f7d4defb281dce96d2f21ce364f3673d) + +Adding FINRA **ADF** volume + **OTC** (other?) volume means that **72.88%** of 4/14 daily volume was traded off-exchange / in dark pools. + +**Original 4/15 Terminal** + +[Original 4\/15 - 70.9&#37; daily volume traded off-exchange](https://preview.redd.it/gcr4opr4aru61.png?width=1917&format=png&auto=webp&s=5684d8e2f1f6b63f782b22948ea40bd941287471) + +**New 4/15 Terminal** + +[New 4\/15 - 70.61&#37; daily volume traded off-exchange](https://preview.redd.it/r6gn75i8aru61.png?width=720&format=png&auto=webp&s=7e86f3517464077acf9b89c8938279b839f0090d) + +Adding FINRA **ADF** volume + **OTC** (other?) volume means that **70.61%** of 4/15 daily volume was traded off exchange / in dark pools. + +I'm going to take a few shortcuts for the rest and just show you the new terminals and have the % off-exchange in the captions. + +**New 4/16 Terminal** + +[New 4\/16 - 73.15&#37; daily volume traded off-exchange](https://preview.redd.it/g43ghp6caru61.png?width=720&format=png&auto=webp&s=779d32b39fb3669657dfea3fbfd287053ef0fe45) + +**New 4/19 Terminal** + +[New 4\/19 - 69.64&#37; daily volume traded off-exchange](https://preview.redd.it/ic5rimefaru61.png?width=720&format=png&auto=webp&s=6c161854a3369f85c6bcdf55e2f4cf7a2ddff22f) + +**New 4/20 Terminal** + +[New 4\/20 - 69.41&#37; of daily volume traded off-exchange](https://preview.redd.it/mkdgrarharu61.png?width=720&format=png&auto=webp&s=7a2ad9248a1f85e9ea0bc06c15215c6165468d21) + +I don't have streamlined (4:00 - 20:00 EST) Bloomberg Terminal screenshots of 4/21 or 4/22, but 4/21 had roughly **66.53%** of volume traded off-exchange and 4/22 had **67.06%** of volume traded off-exchange. + +Below is the raw data that I extracted from the terminals and calculations. The number of bananas traded **OTC** is highlighted, as is the total number of bananas traded off-exchange (OTC + ADF). + +**45,453,445 bananas** were traded off-exchange over 8 low-volume trading days - that's **170.24%** of the GME float! + +[GME Daily Volume](https://preview.redd.it/i5vg2t92tzu61.png?width=1128&format=png&auto=webp&s=80937ebed59c4f25b00dece5e40f291ddaae9626) + +&#x200B; + +[92.44&#37; to 94.99&#37; of Daily Trades are made Off-Exchange](https://preview.redd.it/qex7h8dx8zu61.png?width=1151&format=png&auto=webp&s=db5831379cdf5c2331d160a2b01238c7d33d3f23) + +All of the **smallest** trades are being made off-exchange. Look at the difference between size of trade (Bloomberg) and size of trade (Custom), which is the average size for the entire day. Now, I understand that most retail trades less than 100 shares are not routed to the exchange, but **over 92% of all trades** are routed through either "**FINRA ADF**" (dark pool) or traded **OTC** (darker pool). + +People seem to pay attention when numbers are presented as money ($$$) so maybe someone will pay attention if we put some $$$ figures on what's been going on. + +[Billions of dollars spent on GME are routed through Dark Pools](https://preview.redd.it/zzwmv9l6azu61.png?width=1002&format=png&auto=webp&s=08c66affe961a132d17dbac6ca8657afb25e05c1) + +Over 6 days of low volume trading, **$8.919 billion** was spent on GME bananas. Good work apes! + +They routed **$2.95 billion** through **OTC dark pools** and **$3.33 billion** through "**FINRA ADF**". Adding those together, **$6.281 billion** was routed off-exchange, accounting for **70.43%** of the 6-day total (**$8.919 billion**). + +Only $2.638 billion actually went through the exchanges. + +This data seems to corroborate the DDs posted by u/broccaaa and u/Doom_Douche . And it seems abundantly clear that GME trades are being handled much differently than any of the other stocks that were investigated, both in terms of size of trade (the smallest trades are routed to darkest of dark pools), and percent of float (49% of GME float) that is traded OTC. + +If we take the missing bananas for what I believe them to be (traded off-exchange in OTC dark pools), then **170.24%** of the **GME float** was traded in OTC dark pools across 8 low-volume trading days... + +&#x200B; + +**TLDR**: **Over 90%** of GME trades from 4/13 - 4/20 were routed through dark pools (**FINRA ADF** or **OTC**). **Over 70% ($6.28 billion)** of the money that was spent on GME bananas over this 6-day trading period was routed through dark pools (**FINRA ADF** or **OTC**). We may now how a way of tracking daily OTC / Dark pool numbers rather than waiting 2-4 weeks for FINRA data. They can't keep this up forever, especially if we can bring some attention to their corrupt antics for manipulating GME. And don't forget to VOTE! + +&#x200B; + +**Edit 1**: Formatting +So I'm planning on buying a car in 6-12 months. I plan on paying "in cash" but I can't seem to figure out the mechanics. I don't think a dealership is going to take a personal check for \~$40k nor do I bring in a briefcase filled with stacks. + +It'd be nice to pay with a credit card and get points. I can pay of credit card to gain no interest. How do I find out if dealership accepts credit cards without tipping them off that I'm self-financing? + +I'm located in North Carolina and purchasing from either Subaru or Volvo. +User's can, but shouldn't have to keep it offline. Their Ans/Neo investments have earned it and i cant see any justification for Bittrex to keep something that belong to them + +If upvoted i hope this post will get their attention as i've always been very impressed with their customer service and interaction with the Crypto community +I've recently discovered selling cash coverd PUTs and have been doing it since March and am up about 30 percent from my original 10K investment. I would like to see how these strategies played out for people over the course of a year? +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. +As many things in life, everything is temporary. Eventually the WLB guys will want to get out and collect a nice payout. In some ways I wonder if they’re pumping the stock further to eventually sell out at some price target. + +Seeing students throw their entire education funds in, every day joes throwing their savings at GME even at this point is astonishing. + +Eventually the movement won’t matter, what will matter is how much you made and when you got out, it’s only a matter of time. + +I’m bearish on GME, once the guys who initiated this (and their wealthy acquaintances) will say “enough is enough” they will sell out and I doubt they will be socializing the sell out as much as they are socializing the buy in “for the movement”. + +When this happens the media will take this as a stab to blow their rep. + +Comment on your bearish moves if any... +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +I've been selling calls on on solid companies (AMZN, BA, ACN, AMD, AMAT, & others), but this week's rally has moved them ITM, and it's too late to roll without going really far out. + +Would it be better to begin selling puts today at the price they're getting called away at, or wait for a down day which might happen next week? I have enough margin/cash to do it without waiting for funds to clear from the upcoming sale of the underlyings. And FWIW, some of these are below my cost basis, but I'm not too worried about wash sales. + +Alternatively, I could bite the bullet and just buy back the options at a loss. +My understanding is that we close positions at 21 DTE in order to limit gamma exposure. + +Why use DTE as a proxy for gamma? I can see my position's gamma in my brokerage platform. Why not close a position if it's reached some gamma threshold X? +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. +Ok so the dividend has been distributed and as I look through ToS at the option chains for AMC and APE I see that: 1. there are no option chains for APE. 2. All the option chains for AMC have become non standard "100 (APE 100)" option chains. + +I can't find much info about this through google searching and I have sent an inquiry to TDA and am waiting for a response still so I figured I'd ask here too. Does anyone know if the options for AMC and APE will always be tied together or should we expect to see separate option chains for AMC and APE sometime in the future? + +&#x200B; + +EDIT UPDATE. TDA responded with this: "At this time it is difficult to say as we don't yet have that information. The options on AMC will not always include APE that is only due to the corporate action that occurred today. In the future new standard options will be released that are only for AMC shares at their current price. As far as APE offering options they could possibly reach out to the OCC or AMC's investor relations to see if they plan to offer options on those shares in the future." +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +I made an algorithm using heavily modified technical indicators on trading view. Backtesting yields very impressive returns that I will not accept due to fear of being disappointed of it being a false calculation. I am now working on porting the same algo to python. My question is what should I keep in mind when testing it properly? Any advice you wish you heard when testing your first algorithm? +I'm thinking of switching from Schwab to IB for the sole purpose of being able to use IB's API for placing my complicated hedge orders. + +But it looks daunting. + +Is anyone here using the IB API? + +Is there a simple tutorial for it? +Are there any examples of how to set it up? +I'm fairly comfortable teaching financial literacy to high school kids and young adults. I am comfortable chatting with financial advisors (I don't have one), and I am comfortable buying my own stocks and mutual funds via discount brokers. + +My husband and I both work full-time with a combined income of $110,000 (rural Ohio, low cost of living) We have an LLC with ten rental houses, $775k in traditional and Roth IRAs, and regular JTWROS stocks and mutual funds. At age 65 we should have two meager SS pensions, and a 25-year teachers pension, and a 25 year Public Employee govt pension. We are frugal and live simple lives, and have a current net worth of around $1.8 million. +We have two kids, 26 and 24. The younger should graduate from college next year and the older has her MBA in Finance. + +So far, I have taken care of all the long-term financial planning, because it's sort of a hobby. But now, as I turn 60, I am getting uncomfortable because my 100% stock portfolio has been lucky for us, and I have to admit that I don't know how to proceed with other aspects of financial planning. I have a great attorney, but he's 74 and wants to retire. I have a CPA who does nothing more than use a computer program to fill in my taxes for the LLC. His wife is deeply involved in Multi-Level Marketing, so I don't have much respect for his money savvy anyway. + +I don't have a financial advisor, but I recently met with a guy I liked. He called himself a "wrap" and he's interested in managing some of our assets for a 1.5% annual fee. In the same conversation, he offered to drop it to 1%. I think he's smart, but others are telling me that we don't need him because all we need is a good tax accountant. I feel lost trying to figure out what steps I need to do to plan for retirement and I don't know who I should be seeking for help. +Im 34/American/30k+a year. I don't feel that I am bad with money but after the last year if research I feel like I am dumb about my income. The more I read the more I get overwhelmed and feel lost. It appears to me that starting an ira is not only safe but silly if I don't. I just don't know where to start or where the pifalls might be. +I’ll keep this post pretty simple. + +I recently accepted a promotion at work and dropped out of school. + +I worked part time for a service company in sales and found that sales is my calling. After 9 months I was offered a promotion and I took it opting to not continue classes as I am now making about what I was expecting to make with my degree. + +I am earning 46000 a year in salary, and 6000 a year in commission minimum before bonuses and overtime. If I exceed in my new role as I have been I was informed I would be promoted again within 5 months time. Also additional commission would be made based on my locations overall sales metrics. + +I am 21 and have no idea how to manage this and save properly. + +Assuming the second promotion doesn’t occur and I remain in this role making 52k a year (the commission in my state is taxes differently than standard income so estimated take home will be 3500 a month after taxes and withholding) + +How should I split this up? My only current bills are my car/insurance and small things like gym and spotify. + +My current monthly needs (including gas) is about ~850 + +328 - car payment +299 - insurance +200 - gas for the month +23 - gym +5 - spotify + +I want to begin saving for my retirement along with for a down payment on a house. + +I plan on doing real estate on the side starting in February as well so my income will increase aswell. +TLDR is using COVID 401k withdrawal to pay off student loans a good idea? + +Hi everyone! I heard due to COVID you can withdrawal some 401k for financial assistance. I was curious as to potentially utilizing this to help pay off some student loans before they start accruing interest again at YE. I know i know, why have i been investing in a 401k when i have loans still? I am an amateur at this and right now it makes more sense to be investing tax free money now and pay off loans later. Thoughts? +My wife and I are 32 and invest 45500 a year into retirement a year (plus employer match) +We bought our house for 260k in February 2020 and have 150k for a balance at 3.875%. +Should we invest beyond what we are now or pay off our home in the next two years? +My thinking is paying off the home spreads our money to other investments so when the market corrects we don’t have all our eggs in one basket. +I’m still in my early 20s, just starting out in the world. One thing that I’m very fond of is my family farm(inactive with just barns and a field). My Father owns it but I have siblings who don’t care for it at all. I’m afraid there’s going to come a day where I lose it all because I can’t afford to buy them out. I’m almost certain it’s going to play out that way. Of course, I can forgo other inheritance like cash and other things but I don’t know how that’s gonna play out. + +What can I do to save over the next 10 years to be prepared to buy it from my Dad, hopefully avoiding sibling inheritance issues? Value is about $250k. Thank you! +*Edit $26k - (my hands were shaking writing this post) + +In 2019 I finalized my divorce and was given stocks in the settlement. It was my first time filing independently and I went through TurboTax, paying for the extra service that a tax expert would go through my files/info to make sure I was doing things right. I definitely didn’t realize I had input things incorrectly and now I apparently owe over $26k by June 8th and will be charged 3% interest until I pay it off in full and my nervous system is so shot from this info that I don’t even know what my first move should be. + +Any guidance would be helpful 🙏🏽 +Some people are saying the recent, albeit nominal, climb of venture capital (VC) funding in startups are signs of another bubble. It's climb mimics that of the dotcom boom/bubble of 2000. I do not think it's another bubble because I think there is a genuine need for startups in the economy of the future. To elaborate, I think the economy of the future is one of increasing decentralization. Across the world we are seeing increasing decentralization in terms of information [TOR network/mass internet access], law ["smart" contracts], production (from manufacturing to energy and food production) [3D printing, rise of decentralized energy production, more local food production solutions, etc.] and finance [Bitcoin]. I would love to dive into this further, but for the sake of brevity I digress. + +Look at [this graph](https://www.quandl.com/data/NVCA/VENTURE_3_09D-Venture-Capital-Investments-By-Stage-Number-of-Deals-Quarterly?utm_medium=graph&utm_source=quandl) for the past 25 years or so of venture capital funding deals in startups. (Click on the different stages above to see the additional data) [Another representation](http://tomtunguz.com/images/average_dollars_raised.png) (and probably clearer one) of this is the average amount of dollars raised by startup companies. As we see here, the similarities between now and the dotcom boom are more prevalent. + +Conversely, here's [an article](http://www.inc.com/magazine/201505/leigh-buchanan/the-vanishing-startups-in-decline.html) written in May 2015 by INC. Magazine that highlights the American and world entrepreneurship decline between the 90's to now. I found it fascinating, but to save you time of reading it, the overall premise is backed by sound data. (e.g. In 1996, young people launched 35 percent of startups. By 2014, it was 18 percent. / Or [this graph](http://images.inc.com/uploaded_files/inlineimage/startupschart-inline_30176.jpg) here) The problem lies in "the big guys soaking up the ocean" as they introduce higher barriers and challenges for entry. The other problem is funding. Read this excerpt: + +> In 2014, VC firms invested $48 billion in deals, the most since 2000. But professional investors have showered more love on mature companies than on infants. Research by Mattermark, which tracks startup data, shows that between 2005 and 2014 the size of seed investments made by VCs stayed flat. The size of C, D, and E rounds, by contrast, roughly doubled. The number of small seed rounds has recently dropped, according to PitchBook, with investments below $500,000 declining 61 percent between the first quarter of 2013 and the fourth quarter of 2014. Below the VC level, angels and seed funds have proliferated as startup costs have decreased. But even angels’ interest in fledglings is down. + +But since its trough of ~2009, we've seen almost a doubling of entrepreneurship from 4.8% to 9.7%. Our levels are now reaching that pre dotcom boom, but I think it's different now from the "blind goldrush" of the internet in 2000. I say, we're starting to realize the true importance of startups. They enable us to experiment and to take massive risks that the big companies cannot afford to. They conjure exponential technological growth. And most importantly, they give the people of the world hope and a way to finally chase their dreams. In a day where a dollar spent is more influential than a vote accounted, these startups may even incite a political and financial reform that is desperately needed. Practically, Startup and operational costs will decrease, thanks to cloud computing. More platforms like the iPhone will likely emerge. And 3-D printing and associated technologies will bring manufacturing within the reach of new businesses. + +I've recently became inspired to research startups and VC's after reading Peter Thiel's (a prominent silicon valley venture capitalist) new book made from notes from a seminar he gave at Stanford about startups. Zero to One: Notes on Startups, or How to Build the Future. It's now one of my favorites and I recommend it liberally. + +So, do you think we are seeing another bubble in VC/startups or is it a justified rise and a sign of a changing economy? + +Thanks for your time everyone +Few days ago some one was trolling by sending lots of popular users/celebs 0.1Eth from Tornado Cash. + +In response, quite a few dapps have blocked all these wallets that received funds from Tornado. + +Prominent defi apps like Uniswap, Aave, Balancer have already blocked these accounts. While the block is enforced on the front end, the immediate effect is that unless users are very tech savvy and can interact with smart contracts directly, they cant access these apps. + +One of the users Sassal0x who received funds from Tornado as the result of this trolling has reported that he has been blocked from Aave. + +[This is the message that he is getting on Aave](https://preview.redd.it/2r7gqdixdgh91.jpg?width=1722&format=pjpg&auto=webp&s=7afee06b05018568ff9b2779bf900a5ff71e91a0) + +These blocks are the result of the sanctions on Tornado Cash. Now a lot of people who themselves never interacted with Tornado, but were sent funds as part of a troll campaign have been blocked from even accessing various defi apps. + +So far the block is enforced on the front end so those blocked can access the dapps via alternate front ends, however it is not immediately clear if they could or would ban these addresses at the smart contract level. + +Edit: + +[Even Vitalik has been blocked..](https://preview.redd.it/r1f53y294hh91.jpg?width=1694&format=pjpg&auto=webp&s=a5b6d4029e4723a9105e052a269ab83d7ce44bd4) +The picture of Geoffrey waving goodbye and the sign that says "I guess everybody grew up" is *so. fucking. sad.* It literally made a single manly tear roll down my rugged cheekbone into the iron stubble on my jaw. + + +But for real, they had no reason to go under, they had cornered the market on toy stores, there are no large scale fucking toy stores now. Which trumps the internet because you could actually *play with the toys before you bought them* and knew for sure if you really wanted them or not. + + +The fact that they said "I guess everybody grew up, there are no more toys я us kids" is so fucking sad, because they were mauled to death by illegal short sellers and had no idea it was happening and had no defence. + + +Fuck the shorts. Bring back Geoffrey. I want my daughter to be a Toy's Я Us kid!! +https://www.businessinsider.com/amazon-demands-selfies-from-delivery-drivers-2019-4 + +Amazon is requiring delivery drivers to snap selfies to verify their identities. + +The selfies are meant to protect drivers from unauthorized usage of their Amazon Flex accounts, an Amazon spokeswoman said. + +The photos could prevent people — some of whom may not have undergone background checks or be authorized to work for Amazon — from delivering packages under accounts that don't belong to them. + +Amazon recently asked drivers to consent to the collection and storage of their biometric data. +Hello guys, I was wondering whether I can collect some insights from you regarding the moments right before you give a trade green light to create some form of checklist to help with discipline (as I find it the major loss maker) + +Cheers! +As in this is your only job, I’m curious if anyone on here is able to make a living by trading or investing their personal capital. + +If so, roughly how much do you trade with? Feel free to be vague, just genuinely curious if it’s a possible singular full time job to trade one’s own capital within this community. + + +[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 + +[📚 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) | [📚 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) | [💡 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) |[📈 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) | [🗣 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) | [🤔 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) | [💻 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) | [📰 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) | [🤡 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) | [👽 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) | [📳 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) | [☁ 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 💎🙌](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** + +[📣 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) | [📆 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) | [🏆 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) | [🚨 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) | [📖 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) | [🔔 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) | [⌚ 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) | [🥴 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:"💻 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!* +On my HOLA (Home Owners Loan Act of 1933) post from yesterday an Ape asked for a TLDR / summary. I didn't feel like I understood the content well enough to summarize it in a few sentences, so today I read more about HOLA and thrift banks (the banks that administer home loans - mortgages - to less credit-worthy customers). I thought that **thrift banks** were _just_ banks that gave home loans to people who had crummy credit. + +Yes, **thrift banks** do give home loans to less credit-worthy people, like I thought. But the actually seem to make up a much larger portion of the 'lending space' than I originally imagined as they hand out home loans _and_ business loans for less credit-worthy people. Interestingly, in 2018, during a giant de-regulation spree Congress and the President at the time decided that if **thrift banks** had $10B in assets they should be able to gamble with that cash: stick it in short-term securities, give it a hedge fund or private equity group to 'have fun with', basically gutting financial protections afforded by the Dodd-Frank Act . The same bill (SB 2155) that allowed **thrift banks** to gamble away their member's cash also raised to "too big to fail" limit from $50B to $250B. So if your thrift bank has $249B in assets and it gambled away all its cash (because it gave all the **thrift bank** members' cash to a hedge fun to gamble with) congrats. At $249B your **thrift bank** isn't "too big to fail". At $251B, yes, it's too big to fail, but under $250B and we'll let it fail. Yee-fuckin'-haw. + +--- + +Attempt at a TLDR (see the bottom of those post for an actual, short, TLDR): Since 2018 **thrift banks** with less than $10B in assets can gamble with that cash ([Volcker Rule](https://en.wikipedia.org/wiki/Volcker_Rule) - Eliminated!) AND the too-big-to-fail threshold for **thrift banks** was increased from $50B to **$250B**. SB 2155, which has the tag of `systemic risk` on Wikipedia, was the 2018 law that gutted protections for **thrift banks** and **thrift banks** are _the_ financial institutions providing mortgages and business loans to Americans with not-perfect credit scores. + +-- + +## A recap of HOLA and Thrift Banks + +- Home Owners Loan Act of 1933 basically created the modern ~~15~~ 30 year mortgage. Mortages used to be 3-5 years in the 1930s. The 30s 'kinda sucked' (as an understatement) for the majority of the United States: see [Hoovervilles](https://en.wikipedia.org/wiki/Hooverville), the Dust Bowl, the Great Depression. +- The [Office of Thrift Supervision (OTS)](https://en.wikipedia.org/wiki/Office_of_Thrift_Supervision) was responsible for overseeing what are called **thrift banks**. **Thrift banks** are banks that give out HOLA loans - so, mortgages mostly to people that are less credit worthy than a traditional bank or credit union would lend to. +- But the OTS was shuttered in 2011 - after the 2008 subprime mortgage crisis - because OTS liked to backdate financial documents and fradulently alter all kinds of legal documents. The FDIC and a few other orgs took over the responsibilities of the OTS. But **thrift banks** were still in existence and continue to exist today in 2022. +- **Thrift banks** "are legally required to dedicate 65% of their lending portfolios to consumer loans" and "[b]y law, a thrift bank can only dedicate 20% of its business to commercial loans and leases." (Source: [TheBalance.com](https://www.thebalance.com/what-is-a-thrift-bank-5197892) but on Investopedia and other sites). What does this mean in practice? Thrift banks lend primarily for home loans (mortgages) to people who have less-than-stellar credit. + +## What happened in 2018 to Thrift Banks? SB 2155 + +Here's the bill text in case you're interested: + +https://www.congress.gov/bill/115th-congress/senate-bill/2155 + +Don't you love it when a Wikipedia article's category (at the bottom of the page) is listed as `systemic risk`? + +https://en.wikipedia.org/wiki/Economic_Growth,_Regulatory_Relief_and_Consumer_Protection_Act + +From that Wikipedia page; I had to change the president's name so that Automod wouldn't block my post: +> The Economic Growth, Regulatory Relief and Consumer Protection Act (Pub.L. 115–174 (text) (PDF), S. 2155) was signed into United States federal law by President _Orange-Man_ on May 24, 2018.[1][2][3][4] The bill eases regulations imposed by Dodd–Frank after the financial crisis of 2007–2008 by raising the threshold to $250 billion from $50 billion under which banks are deemed too important to the financial system to let fail.[5] The bill also eliminated the Volcker Rule for small banks with less than $10 billion in assets.[6] +> +> **The act was the most significant change to U.S. banking regulations since Dodd–Frank.[5][7][8]** + +Before S 2155 was passed banks that had $50B in assets were deemed 'too big to fail'. After S 2155 that threshold was now $250B. + +S 2155 _also_ "eliminated the Volcker Rule for small banks with less than $10 billion in assets". What does this mean in plain English? According to [Investopedia](https://www.investopedia.com/terms/v/volcker-rule.asp): + +> The Volcker Rule prohibits banks from using their own accounts for short-term proprietary trading of securities, derivatives, and commodity futures, as well as options on any of these instruments. + +and + +> The Volcker Rule is a federal regulation that generally prohibits banks from conducting certain investment activities with their own accounts and limits their dealings with hedge funds and private equity funds, also called covered funds. + +For small **thrift banks**, those with $10B or less in assets, after SB 2011 was passed: + +- "No more torturous analysis of the borrower’s “ability to repay”" (https://www.icba.org/docs/default-source/icba/advocacy-documents/s-2155-what-it-means.pdf?sfvrsn=463b7217_8 ); fan-fucking-tastic /s. +- From that same document, "Banks with assets between $10 billion and $50 billion will no longer be subject to mandatory stress testing" +- "Publicly held institutions with assets between $10 billion and $50 billion will no longer be required +to have risk committees." + + +# Actual TL;DR + +TLDR: 2018 rolled around. SB 2155 was passed. It gutted (consumer) protections that the **thrift banks**, which give mostly home loans to people with less-than-stellar credit, had operated under after 2008. In addition to no longer having to consider "a borrower's ability to repay" [a mortgage, a loan] SB 2155 also allows **thrift banks** to gamble with their members' money (give it to a hedge fund or private equity group to have fun with), invest it in investments that were against the financial interests of its members, etc. SB 2155 also removed requirements financial oversight committess at **thrift banks** and removed (previously mandatory) stress tests for **thrift banks**. SB 2155 raised the 'too big to fail' limit from $50B to **$250B**, as well. +Just had a guy in our shop today looking to buy an art easel. Once we started talking he told me that he wants something cheap as he needs to use it one time only to put up a picture for his dads funeral. + +We have bunch of these easels kicking about- old models that we used for display back in a day that are just collecting dust in the warehouse. I offered to give him one for free as long as when he is done with it he will donate it to his local charity. + +I also try and cultivate this mindset with our staff, to prioritise being a human beings over short-term profits as this will result in long-term customer loyalty. + +Shit like that separates us from Amazon. Fuck Amazon. + +&#x200B; + +Edit: Thank you Apes for all the kind words, updoots and awards! <3 +Looking to buy a 4plex with my VA loan and owner-occupy it for a coulle years until I can save money to buy another investment property. + +Has anyone else done this, and how did it turn out for you? +Hello everyone, + +&#x200B; + +I'm about to turn 26 in the end of the month, and have been struggling with credit card debt for 2 years now, mostly helping family out, didn't expect interest to hit me this hard. + +&#x200B; + +Last February I had to quit my high paying job due to health reasons, and ended up traveling around the US searching for a new place to call home, its been 4 months now, with money still in my savings account I moved in with my sister who is okay with me staying over, just to save more money. + +&#x200B; + +Now I don't pay rent, I never order take out, with two warehouse jobs right now, and my credit score just went below 600. + +&#x200B; + +I need advice in how to increase my credit score quickly, and if a personal loan is a good idea, I have until early September to go somewhere else, I can't stay here longer than 2 months. + +&#x200B; + +Any response is appreciated, I should apologize in advance if i don't reply quickly. + +&#x200B; + +Thank you + +&#x200B; + +&#x200B; + +\*\*\*\*EDIT + +&#x200B; + +Thank you for the advice everybody, + +&#x200B; + +I'm editing this post to remind some redditors that I made this post for advice, I needed to know what are the options, whats the best way to tackle my current situation. that's all. + +&#x200B; + +I'm aware that poor choices were made, I didn't spend money on meaningless material things, family members were stuck in a situation that I believed at the time I should lend a helping hand. + +&#x200B; + +I'm not here to read that I should cut out my family, and that I'm stupid and irresponsible, I should learn how to spend money first. I should quit vices like smoking or drinking. (I don't drink or smoke) + +&#x200B; + +The road trip wasn't planned, after quitting my job, I had nowhere to be, I just got in my car and drove. + +&#x200B; + +For all of you in the same situation I wish you the best of luck, there is a lot of great advice shared in these comments. + +I know its hard but we are all gonna get through it. + +&#x200B; + +Thank you +I’d personally like to introduce you to 🐕 Mini Shiba Inu 🐕 ❗️❗️❗️ + +&#x200B; + +If you don't know Mini Shiba Inu this is a dog coin with a really strong community behind It that somehow managed to get on coinmarketcap in less than 24 hours after launch. How strong is this community you say? It launched with about 31k members in the telegram and with a shill army of about 500 members that spends day and night shilling everywhere they can (seriously these guys never stop!). The main telegram even got bot attacked in the past but the devs made sure to remove every single bot to not fool anyone into thinking the community was bigger than It actually was. + +Right now this coin's price is only getting higher due to the community they built during all this time. Marketing has yet to actually start! If you ask me this is the right time to ape in on this project so what are you waiting for? Let's go people 😎. + +&#x200B; + +Some things about minishibainu: + +&#x200B; + +31K organic members! 📱 + +&#x200B; + +CMC in under 12 hours! 🧢 + +&#x200B; + +CoinGecko incoming! 🦎 + +&#x200B; + +Trending on DXTools! ⚒️ + +&#x200B; + +BIG influencers! 🧑‍🎤 + +&#x200B; + +Huge Chinese Community! 🇨🇳 + +&#x200B; + +⚖️ Tokenomics + +&#x200B; + +Total supply: 1,000,000,000,000,000 🔥🏅 + +&#x200B; + +5% Burn off total supply 🔥🏅 + +&#x200B; + +LP will be locked for 6 months. + +&#x200B; + +BUY FEES - 12% (2% redistribution, 6% buyback fee, 4% marketing fee) 🔥🏅 + +&#x200B; + +SELL FEES - 18% (7% redistribution, 7% buyback fee, 4% marketing fee) 🔥🏅 + +&#x200B; + +&#x200B; + +Telegram:[https://t.me/MiniShibaInu](https://t.me/MiniShibaInu) 🔥 + +&#x200B; + +Telegram Announcements: [https://t.me/MiniShibaTokenAnnouncements](https://t.me/MiniShibaTokenAnnouncements) 🔥 + +&#x200B; + +Website: [http://www.minishibatoken.com](http://www.minishibatoken.com) 🔥 + +&#x200B; + +Twitter: [https://twitter.com/MiniShiba\_Token?s=09](https://twitter.com/MiniShiba_Token?s=09) 🔥 + +&#x200B; + +Instagram: [https://www.instagram.com/minishibatoken?r=nametag](https://www.instagram.com/minishibatoken?r=nametag) 🔥 +Though the strategy is fairly common in the leisure industry, Disney (NYSE:DIS) has always charged the same price at U.S. parks for single and multiday tickets, despite the time of year. Disney is expected to start asking customers this week about their feelings toward variable-pricing options. +I'm about a year and a half into my fat fire journey, making decent money, but well away from my full Fat Fire. + + +Just curious what happened that it hit you that you can live the good life now. +I know we have some people in the aviation industry here. Can anyone go through an example purchase, say a used Citation Mustang? + +- Financing +- Offsetting operating costs (looks like $450K/200hrs $670K/400hrs) by chartering it out +- Any other details +I'm about a year and a half into my fat fire journey, making decent money, but well away from my full Fat Fire. + + +Just curious what happened that it hit you that you can live the good life now. +Don't let them win. Keep buying keep hodLing keep registering. I'm making the call to fidelity today to move xx shares to CS. We are in the middle of the most important transfer of wealth ever. Stay sexy stay smart but most importantly... Stay thinking like an ape + +Edit: I just woke up and this is aging well +Over the last 4 years, I could see how a dysfunctional press can ruin a country. Now through the AMA\`s I can see the same in the US. A truly free and investigative press is the lifeblood of any free society. But most of the time, publishers need clickbait, sensationalism and paid for articles. + +Could a found be made, that pays journalists not for articles. But judges them for their integrity and then pays them, in advance, without strings attached or an opinion on the outcome, so they can work how they see fit for some months? Good investigative journalism takes months, but it is expensive. + +Any thoughts on that? +Lost about $62, realistically that’s nothing, less than a subpar daily profit for me ( i’m not in US), but holy shit why am i so mad. Literally pressed a wrong button and lost money for nothing. Really needed to vent. Has that happened to you? +I'm losing money on crypto right now. I didn't invest more than I could afford to lose, so I'm not really panicking. I saw crypto as a fun little experiment to toss in some money and see what would happen. Honestly, I only invested in coins that I believe have real merit to them, so I'm not at all worried about the long term. I just think it's fascinating to watch this market as it rises and (mostly) falls. I think despite all of this, 2018 will be a great year for crypto overall. I was debating buying more today, since it seems we're approaching a bottom of all this (fingers crossed), but I think I'm just gonna sit back and watch instead. + +Anyone else feel like you're watching out of interest and not panic as well? It's disappointing to see all these stories about people taking out loans for crypto and losing a lot of money, but it's hard to relate to that sentiment when I know so little about the kinds of people that get caught in these situations. So many factors in life can push someone to take such a large risk like that, I would hope most of us are doing our research and proceeding with extreme care before making investments like these. +EDITED + +I think I've made a couple of posts to this effect in this sub before, but it's been a while so I'm going to do it again. + +One of the biggest concerns for Americans right now is putting food on the table for their families. I saw on the news yesterday that the cost of a Fourth of July cookout has gone up by 17%. I feel like that's a bit of a lie because I know for a fact that a lot of goods that my family regularly buys have doubled in cost over the past year or two, and that's being generous. + +I have a job where I make very good money, but I also have an extremely large family. I'm not just talking about partner and kids, I come from an area of the country where it's considered common for a brothers and sisters and extended relations and even close friends to share a lot of resources. And the biggest issue that we are all having right now is how expensive it is to feed the kids. + +We're all pitching in. Those of us with space are contributing yard space. Those of us with money are contributing to the cost of buying seeds and topsoil and tools. Those of us with time are contributing time. Those of us with knowledge are contributing knowledge. + +We all know what we eat, And we know that collectively we have the resources to get the thing done, so that's what we're doing. + +Over the next couple of years, if we can find the space, we're going to start adding small livestock, mostly chickens and hopefully some goats. + +I have a friend who lives in an apartment, and she's turned entire room into a space to grow greens and herbs and other small plants. + +It was a big decision for us to make. we all grew up with parents and grandparents who kept gardens, and we're not strangers the lifestyle, but we get so wrapped up in work and paying the bills that we feel like we don't have time for it most of the time. But somebody made the really good point that if our jobs aren't paying enough to put food on the table, in a very literal sense, why should we give a damn if our boss gets upset that we show up tired a few times because we were building beds the day before or harvesting? If they don't want to see us showing up tired then they need to start paying us enough that we have time to sleep. + + + +If anybody is having issues feeding their family, I promise you there's enough time left in the year if you live in the northern hemisphere to get a lot of really good stuff in the ground and grow into maturity. A lot of things that we eat every day take only a couple of months to be ready for harvest. + +Talk to your relatives and neighbors. Tell them that you want to start a community or a family garden project. Tell him you want to come up with a plan, get everyone's input, and get down to work. See who's along for the ride. + +Y'all take care now + +EDIT + +obviously, not all advice is for all people. I thoroughly apologize if I don't have points specific information about your particular situation and therefore you yourself do not personally profit from what is being said. Next time, I'll make sure to ensure that everything I say is for every person on the planet. + +that being said, the reason I make these post isn't to bully anybody or make anyone feel like what they're doing is an adequate or to act as if the only solution for somebody situation is gardening. Gardening has a lot of mental health and physical benefits that are often overlooked in these conversations, and that in itself is helpful in life. + +no, the main reason I make these post is so that people can start conversations if they have questions. I understand that there are better subs for this, and I am definitely on those subs. But, in my own personal life and in other places I've been scrolling I do see that a major issue a lot of people are having right now is the literal cost of food. I know rent is going up, I know fuel is through the roof, and there are million and one different things that people can do that don't have to do with starting a garden. I'm just trying to start a conversation. + +so, once again, if you don't like the conversation, if you don't want any part of it, then please save your energy and everyone else's time and just go somewhere else +The bull market will continue. Some data presented below. + +VIRUS FUNDAMENTALS: + +* Percent of tested positive cases continue a downward trend in the US (especially in both Georgia and Texas that opened up weeks ago - where media spreads fear that overall cases have risen but this is due to increased testing. PERCENT POSITIVE is falling [https://pbs.twimg.com/media/EYL3LGZX0AEj7Cq?format=png&name=small](https://pbs.twimg.com/media/EYL3LGZX0AEj7Cq?format=png&name=small)). +* MOST CASES are asymptomatic and not detected which is good news for the trend towards herd immunity. [https://www.nature.com/articles/d41586-020-01095-0](https://www.nature.com/articles/d41586-020-01095-0) +* FORTY PERCENT of deaths have been in ALF and nusring home facilities. **NURSING HOME PATIENTS MAKE UP ONLY 0.4% OF THE ENTIRE US POPULATION!** 94% of deaths occur in age 50 or above. The working force labor pool remains very well intact. +* Denmark and Norway cases have not spiked despite reopening schools 3+ weeks ago (despite COVID's incubation period being <14 days). Sweden has done very well staying open (curve has stayed flat/hospital capacity never overwhelmed). +* Hope for vaccines continue to increase. Of more than 100 vaccines in development globally, at least eight have started testing in humans (lightning fast vs other vaccines in prior epidemics). [https://www.wsj.com/articles/coronavirus-vaccine-frontrunners-emerge-rollouts-weighed-11589707803?mod=hp\_lead\_pos1](https://www.wsj.com/articles/coronavirus-vaccine-frontrunners-emerge-rollouts-weighed-11589707803?mod=hp_lead_pos1) + +CONSUMER DATA + +* Thanks to income equality, the bottom 40% of households comprise 11% of total income in the country. The top 20% hold 52% of total income. Of people working in February, nearly 40% of those with a household income below $40,000 reported a job loss in March. +* The April jobs report that showed nearly 90% of Americans who had lost a job said they were on temporary layoff. +* Social distance spending (bars, restaurants, transportation/airfare, cruises, sports, gyms, movies) only comprise $717 billion of the $17 trillion consumer wallet. >90% of spending can remain intact, if no one ever does any of the social distancing activities ever again. +* Thanks to federal $600/week increase to state unemployment benefits, income for majority of unemployed people is actually higher than when before losing their job. +* Fiscal policy works, UMich edition: “Confidence inched upward in early May as the CARES relief checks improved consumers’ finances and widespread price discounting boosted their buying attitudes.” US Univ. Of Michigan Sentiment with surprise rebound in May, P: 73.7 (est 68.0; prev 71.8) +* **Home-Buying Demand Passes Pre-Coronavirus Levels** [https://www.redfin.com/blog/wp-content/uploads/2020/05/Redfin-Homebuying-Demand-Graph-May-10.jpg](https://www.redfin.com/blog/wp-content/uploads/2020/05/Redfin-Homebuying-Demand-Graph-May-10.jpg) + +DON'T FIGHT THE FED + +* "…there's a lot more we can do. We've done what we can as we go. But I will say that we're not out of ammunition by a long shot. No, **there's really no limit** to what we can do with these lending programs that we have. So there's a lot more we can do to support the economy, and **we're committed to doing everything we can as long as we need to.**" - JPow earlier today. [https://www.forexlive.com/centralbank/!/feds-powell-federal-reserve-is-not-out-of-ammunition-can-do-more-if-needed-20200517](https://www.forexlive.com/centralbank/!/feds-powell-federal-reserve-is-not-out-of-ammunition-can-do-more-if-needed-20200517) + +STOCK INDICATORS + +* AAII sentiment is a great retail sentiment contrarian indicator, which is also clear with r/investing being majority bear. [https://www.aaii.com/sentimentsurvey?](https://www.aaii.com/sentimentsurvey?) +Remember in 2018's correction, sentiment change was very similar to this year's crash; and 12 months later the market had soared (i.e., was great time to be buying stock while majority were scared) [http://blog.aaii.com/aaii-sentiment-survey-pessimism-surges-to-a-5%C2%BD-year-high/](http://blog.aaii.com/aaii-sentiment-survey-pessimism-surges-to-a-5%C2%BD-year-high/) +* A good short squeeze set up is happening. +"The assets sitting in money market mutual funds now totals $4.8 trillion, which equates to around 16% of market cap. On a percentage basis it’s not as big as 2008, but it’s still a meaningful amount of dry powder earning little & suffering from increasing FOMO." [https://pbs.twimg.com/media/EYQiz4TWAAEbPOu?format=jpg&name=small](https://pbs.twimg.com/media/EYQiz4TWAAEbPOu?format=jpg&name=small) +* On April 30, Boeing completed the largest bond deal ever not associated with a transaction – they wanted 10 billion, but because there was SO MUCH demand they ended up with a 25 billion issuance, with some bonds that won’t even be redeemed for 40 years at 6%. This is all despite the facts of complete collapse of airplane demand and its 737 max scandals, and even despite literally the day prior, Boeing reported a second consecutive quarterly loss and had its credit rating downgraded to a notch above junk status. Bond investors are looking ahead through this crisis. +* Overall in March 2020, U.S. investment-grade issuance topped $259 billion for a new monthly record and an additional $162.7 billion in April 2020, bested only by March! This means many of these companies have raised enough to insulate themselves through the downturn for up to 12 months. +* In every recession related crash, markets have ALWAYS bottomed BEFORE initial jobless claims PEAKS. They have ALWAYS bottomed BEFORE consumer sentiment bottoms out. **This has very likely already occurred when we saw initial claims peak out at 6.8 million in March, after the Mar 23 stock bottom.** [https://d3fy651gv2fhd3.cloudfront.net/charts/united-states-jobless-claims.png?s=ijcusa&v=202005151525V20191105](https://d3fy651gv2fhd3.cloudfront.net/charts/united-states-jobless-claims.png?s=ijcusa&v=202005151525V20191105) +[**https://pbs.twimg.com/media/EUycDxXWAAALS64?format=jpg&name=medium**](https://pbs.twimg.com/media/EUycDxXWAAALS64?format=jpg&name=medium) + +TECHNICALS + +* Mostly copied from my prior April 10 post: When you look at the 1987, 2002, and 2008-2009 crashes, **whenever the stock market had recovered 50% of the losses,** it was already well on its way to completing the next high of the new bull market. **We have closed** **above 2792.69 on SPX**, and has held solidly. This is clear confirmation that the bottom has already passed. [https://imgur.com/a/LsHZCpb](https://imgur.com/a/LsHZCpb) +* And if you also look at the prior crashes, recovery to 50% takes about half the time it took to crash. We fell for six weeks, and now 3 weeks from the march 23 bottom we are already closing in on 50%. It also takes three times the duration of crashing to reach ATH if you look at the prior events- meaning we could be SPX 3300 before September or October. +* That being said, stocks will remain volatile. No one can predict short term market movements. That’s why I’m staying long, continuing to buy stocks and hedging with trading of short term puts. Based on analysis from Robert Sluymer (at 48 minute mark: [https://www.youtube.com/watch?v=EBdaJ7OX\_3U&t=48m](https://www.youtube.com/watch?v=EBdaJ7OX_3U&t=48m) ) which I am going off of: **anticipate no greater than 10% correction from the \~2950 SPX recent high, so if stocks drop to the 2600s level, I will go all fucking in at buying that dip.** + +TAKE AWAY: + +* Remember. Stock markets always always always always bottoms out **BEFORE the bad data bottoms out.** Do not look at data today and try to ‘price’ the market at where we are TODAY. Try to price today’s market at what you think it will be in the future. Markets. Are. Forward. Looking. +* Uncertainty does NOT always mean ‘stocks have to keep going down’. It only means ‘expect volatility’. +The Geo group is a company that runs private prisons plain and simple. They also have other segments like ankle monitoring, but the point I am trying to make is that the company is oversold because Biden signed an executive [order](https://www.whitehouse.gov/briefing-room/presidential-actions/2021/01/26/executive-order-reforming-our-incarceration-system-to-eliminate-the-use-of-privately-operated-criminal-detention-facilities/) directing the Department of Justice (DOJ) not to renew its contracts with private prisons. The fact that the president wants to kill private prisons has hurt GEO. Geo also cut their massive 13% dividend causing the stock to crash 20% at one point. Even major banks like Wells Fargo, SunTrust, **Bank** of America, BNP Paribas, Barclays and Fifth Third Bankcorp—have announced they **would** stop financing **private prison** companies after reports of abusive and dangerous conditions in **for-profit prisons** and detention centers spurred public condemnation. Geo also has 3 billion in debt and a hefty 1.7 billion due in 2023. Creditors and I expect this debt to be pushed into 2026 as a compermise with their debt holders. All this bad news has sent GEO to a market cap of 780million. This company has an average annual revenue of 2.3 billion with 150million in earnings annually. The real catch is their very low cashflow to price ratio. The company can produce around 300mill to 200mill a year in free cashflow. With increased immigration at the border the United States is gonna need GEO's services to house immigrats while they wait for court dates, they also have on site court rooms in their facilities. The point is that its all overblown and fear is keeping people from realizing the potential for a good value investment. When there is money to be made, someone will loan to GEO, overseas banks, some private equity firm, its not the end of the world. And to address the contracts that biden is stopping. The order says not to renew existing contracts, OK Biden... Lets make a new one then, problem solved. Like that I just bypassed the order from Biden. Loop holes will form and GEO will find a way. + +With this value play I can easily see the market realizing its mistake and go to $12 for a double. Now for the insane speculation that must be acknowledged. GEO IS THE FOURTH MOST SHORTED STOCK IN THE MARKET AT 35% SHORT INTERESTS. With a market cap of under a billion, this company could explode upward. I looked at Gamestop at $450 it had a $32 billion market cap. AMC at $70was worth $28 billion market cap. IF THE WALL STREET BETS PEOPLE FIND THIS STOCK and it runs to a simular $30 billion market cap, this can return you 40 times your money. + +SO there you have it, there is true value here and a speculative side too. +Unsexy cash cow, former Buffett pick in the midst of a turnaround. I am surprised by how much resilience it has showed in the market downturn. Barely down 5% when the market has dropped by 20+%. I followed Buffett into this play, and while for years I was unhappy holding it, basically just collecting the dividend (which is not all too bad), it finally looks to be paying off. PE is at just above 22, so not amazing, but clearly the market is seeing value in their cash flow and turnaround. 10B of cash puts them in a decent position to acquire some more tech companies, many of which are looking very attractive these days. What do you all think? +[https://marker.medium.com/the-shocking-meltdown-of-ample-hills-brooklyns-hottest-ice-cream-company-66b27dc1791d](https://marker.medium.com/the-shocking-meltdown-of-ample-hills-brooklyns-hottest-ice-cream-company-66b27dc1791d) + +This popped up in 'pocket' today, a sort of hand curated RSS feed of interesting long-form articles some group related to Firefox delivers. I like it, occasionally very fascinating stuff comes through. This entire story is a wonderful illustration of how the most creative and well-meaning people can fall face first in business if they don't pay attention to reality and they ignore the bean counters. + +Look at how many times they made a decision on "feel". How many times they ignored numbers, ignored current problems, ignored debt, forged on without any research or information, didn't negotiate for better price. How many times they applied something that worked for somebody in the past 1:1, with no adjustment for how their situation is different from that other person/time/place. + +Over and over and over in this article, reasonable business people try to offer them the reality of the numbers and they ignore it, double down, and expand the business further instead of facing and fixing the issues right in front of them. + +This is the essence of the creative dreamer and the ambitious saleswoman, adrift in possibilities. This is where "head in the clouds" comes from. If you ever watch Shark Tank, or Bar Rescue (I know, it's scripted and cheesy and mostly fake), you can see a lot of this type of behavior in people who may have many strengths but lack the skills to be running a business. Both shows are great for seeing it in action, even if they are heavily edited and/or contain a lot of scripted stuff. +Hi, just wanted to have a short discussion on my views of this book. + +I’ve been reading Value Investing by Bruce Greenwald and i’m close to half way done with the book. Needless to say, it’s seriously a very good and informative book. Learned a great amount. + +I have to say though, it does seem like the approach detailed in the book seems extremely complicated. Maybe it’s just the theory behind the mathematics involved that’s confusing me, but I’ve never really felt that investing is supposed to be this complicated. Especially when you read to or hear about stuff said by Buffet. Even reading the Intelligent Investor by Ben Graham was simpler in my opinion. + +I also find it interesting how the DCF model wasn’t supported for valuation. I understand the reasoning why Greenwald doesn’t support DCF (heck I believe it too, to an extent) but i know Buffet does believe in it. That strengthens the idea that the approach in this book is more complicated than it needs to be. + +Thoughts? Am I right or is it just my naivety/inexperience at play here? +24.92 percent down today.. + +Personally I invested even heavier after this drop. the drop is due to a 25% staff cut and they are exiting the home buying market (for now) + +But they sell other products they are planning on entering the brokerage sector and selling other financial products + they have 260 mil in monthly web traffic, they are the top dog in looking for homes online + +Free cash flow is going to come in from selling the homes at a loss, this can be used to expand their very promising IMT sector (2.8 billion) +Looking into various tools for the purposes of valuing companies such as morningstar, quickfs etc, wondering what everyone's favourite is and which ones are worth the fee. Thanks in advance! +Hey guys. I recently lost access to my school's Bloomberg terminal, which I **heavily** relied upon. + +I have created my own list of resources after scouting for Due Diligence. But I wanted all of your opinions. + +I'm open to both free and paid resources but free ones would be better :) + +PS: Also just want to clarify, you could recommend resources not only limited to financial data (although that is my emphasis). Could be earnings call, transcripts, qualitative sources, insider trading, management data etc. + +Extra question: Also those that have followed Prof. Aswath Damodaran's Valuation course. What extra datasets did you need besides your normal sources and his website. I'm going to be using his spreadsheets and just wanted to account for future roadblocks. + +Thanks a lot for taking the time to read this post! +I am curious how many of you subscribe to the idea of working within your "circle of competence" as Buffett calls it. What is it that you feel most competent in, and how have you learned where the edges of it exist? I wanted to get a feel for the diversity within our community here. Do you invest strictly within the industries and sectors that you know really well, or do you occasionally wander outside for a clearly undervalued stock? + +The area that I am most competent in is the building industry. I am a long-time carpenter and more recently an interior architect, so I have spent most of my life in this industry. I have worked for D.R. Horton as a trim carpenter. DHI is the biggest home builder in the US and a lot of the other builders use the same business models. I believe the edge of my circle of competence is where the builders become mortgage lenders and where those circles come together. So that is certainly an area that I know I need to educate myself on more. Tell us about what you know really well! +**May 6, 2021 Edit: Big thanks to Nate from WallStreetZen for looking into this and posting (below) details about how WSZ calculates the Ben Graham Formula!** + +*Note that this is not meant to be a discussion about the validity of using Graham's formula as originally written in the "Intelligent Investor." This is more a discussion/question about why my formula calculations are drastically different than WallStreenZen's calculated values of the said formula.* + +I recently discovered the site [WallStreetZen](https://www.wallstreetzen.com/) (WSZ) site, which I have enjoyed using, but I am having difficulty reproducing their calculated values of the Benjamin Graham Formula (from chapter 11 of the “The Intelligent Investor”). For reference, the formula (page 295 of “The Intelligent Investor,” revised edition, 2006) is as follows: + +Value = Current (Normal) Earnings \* (8.5 + 2*g*) + +where *g* is the expected annual growth rate and “Current (Normal) Earnings” is usually meant to be EPS (ttm). + +On WSZ’s [Benjamin Graham Stock Screener](https://www.wallstreetzen.com/stock-screener/ben-graham-stock-screener), they list a number of companies trading below the intrinsic value of the above formula (at least, as they calculate it). For example, Universal Logistics Holdings (NASDAQ: ULH) currently trades at $24.27, but has, according to WSZ, an intrinsic value of $488.94. This seems preposterous. Based on my application of the Graham Formula, the intrinsic value should be closer to $50. + +ULH Intrinsic Value = $1.78 \* (8.5 + 2\*10%) = $50.73 + +where $1.78 is the EPS (ttm; Yahoo Finance) and *g* = 10% (which is lower than the consensus yearly growth estimate of 13.2%, according to Yahoo Finance) + +Even if I use the [adjusted Graham’s Formula](https://www.oldschoolvalue.com/stock-valuation/benjamin-graham-formula/), the final valuation is $72, still well under WSZ’s $488 value. + +Adjusted ULH Intrinsic Value = ($1.78 \* \[7 + 1\*10%\] \* 4.4) / 1.85 = $71.97 + +where the EPS (ttm) is $1.78, *g* = 10%, 4.4 is the minimum rate of return (a formula constant), and 1.85 is the US corporate AA effective yield (according to YCharts). + +**Does anyone know how WSZ is getting such an inflated value for ULH?** Many of their other Graham Formula intrinsic value calculations are also extremely high (it’s not just ULH). If anyone knows the calculation/details behind their calculation, I would be really interested in hearing about it. I might reach out to WallStreetZen directly via the contact email on their website, too. + +Thanks! + +NOTE: I have no involvement with WallStreetZen and this is neither a recommendation for or against their site. Additionally, WSZ is *not* a ticker symbol, just an acronym for WallStreetZen. +In my analysis, I cover this question in particular ([click here](https://theeuropeanview.com/fundamental-amazon-stock-analysis-the-european-view/)) and want to share the essence here with you. Many investors have problems with the valuation of the Amazon stock. In particular, the high P/E ratio, which is misleading in the case of Amazon, indicates a substantial overvaluation. I will show you here why the P/E ratio is exceptionally not a suitable figure to determine the value of Amazon: + +Jeff Bezo’s primary goal is growth by all means. And it is secondary to him if profitability suffers as a result. When Amazon received antitrust clearance to acquire Whole Foods, Jeff Bezos immediately began what he always did: cutting prices. On the very first day, Jeff Bezos arranged for [**far-reaching price cuts of up to 43 percent in all Whole Foods markets**](https://www.bloomberg.com/news/articles/2017-08-28/amazon-cuts-prices-at-whole-foods-as-much-as-50-on-first-day). In [**his first letter to shareholders in 1997**](https://media.corporate-ir.net/media_files/irol/97/97664/reports/Shareholderletter97.pdf)**,** Jeff Bezos clearly stated that he did not place great value on profits and that he would always opt for cash flow when in doubt: + +>*When forced to choose between optimizing the appearance of our GAAP accounting and maximizing the present value of future cash flows, we’ll take the cash flows.* + +The company is therefore not at all interested in making a profit. Accordingly, you should neither look at the P/E ratio nor at the book value of the company, since the book value is derived from the equity accumulated by profit, among other things. What you should do instead: Look at the cash flow and how the cash flow has developed historically. Evaluating Amazon can be tricky, but I think considering cash flow is a way to get a grip on it.