diff --git "a/reddit_finance_43_250k_376.txt" "b/reddit_finance_43_250k_376.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_376.txt" @@ -0,0 +1,10000 @@ +They also have given me an options table with just a single strike, along with the bid and ask price and quantity. They also show the fair value of the call and put contracts at various prices of the underlying futures contract. + +What should I expect given the above and how do I play best to win at this game? +Some of the top posts on this sub are people saying their algo took them from X figures to X+2 figures in a year, which sounds unbelievable. + +Is this a ridiculous outlier? The same way your stock could technically go up several hundrted % at any given moment but that doesn't mean it's even remotely likely. + +I'm tempted to study maths/statistics/coding more if this is all a legit sub and people aren't making/exagerrating this stuff. +Markets now back to August levels. I've been seeing Cramer is forcibly pumping all old dying companies like IBM, Ford, GM, etc who have massive amount of debts. + +How are these shows even allowed ? + +Just because these are our US companies and operating from 40 yrs doesn't make them value stocks. + +P&G changes size of toothpaste every year thats the only new invention they have. + +Not very happy with the irrational sentiment and kind of MM being done. + +People follow the news but they forget the main characters sometimes. +So each year, [I post free budgeting spreadsheets and financial advice](https://www.reddit.com/r/Frugal/comments/khkfvq/i_tracked_every_dollar_i_spent_for_10_years/?sort=top) on reddit. I've done this every year since long before I owned bitcoin. This year, I go about my normal routine of posting my annual update, and I get [super salty backlash](https://imgur.com/gallery/227etK5) from the community. It got so bad that they removed my post. The most interesting part is that I'm not saying anything this year that I haven't said in previous years about my beliefs on TSLA & bitcoin. Anyways, this should give us all the warm and fuzzy feeling that we are still very, very early. + +Edit: +[Here is what I said last year](https://imgur.com/gallery/HN8Z7tG) +Here where I'm at: + +* 30 years old. +* $85k base salary with 15&#37; bonus paid every April (total comes in around $98k/year). +* Expenses are $20k/year, including everything (rent/utilities, food, insurance). +* $242k in savings with about $100k in non-retirement accounts for future car/house use. +* No debt at all. Only obligations are $500 in rent/utilities. $5k emergency fund. + +Up until 2 years ago, I only made $38/year. I moved companies to make $65k, then got a promotion to get to $85k. Since then, I've had no lifestyle changes. + +I should also add my main hobby is cars. I really love autocrossing (racing), going to car shows, and taking road trips. I currently drive a 2004 WRX, which only gets driven one day a week at best (I take public transportation), usually to some car event. I've had the car 6 years and it has 140k miles, with rust forming. I have my eyes on a 2017 BRZ, going for about $26k + taxes and fees. I could probably sell the WRX for $8k. I'd have to drop $20k of savings on the new car or finance it at around 3&#37; and keep the $20k to hopefully make more than 3&#37; on it. + +I'm REALLY passionate and geared to hit FI as soon as possible. I know by using $20k right now, it would set me back. On the other hand, I REALLY love cars and I'm fairly certain this new car would bring me a ton of joy. It's a car I've followed the development for when it was announced and never thought I'd have the chance to buy one within the next 10 years. + +Part of my brain says it's a measly $20k, everyone buys new cars, it'll hold it's value decently. Then the other half is dreading seeing the $20k reduction in my portfolio and knowing I'm setting myself back a few years from an early retirement. I see other people I race and hang out with dropping $50k+ on new cars without even thinking. + +**Serious question: How do any of you justify new major purchases?** I've never bought anything larger than $8k before for the previous car and that was with a $4k sale on the previous car. I know if I can't make a net $20k purchase I could never think of buying a house for $200k. +**TL;DR:** + +* **Unlike Europe, the US market for CMBS is much more uniform making it easier to set up. It’s hard to set up commercial real estate bundles across countries/jurisdictions vs. plain ol’ US states. This helps explain why the US market at one point in 2019 ($171 Billion) outpaced Europe’s ($4 Billion).** +* **CMBS bundles offer up a specific workaround for anyone who wants to pay their loan/lease off early: defeasance. Defeasance = substituting collateral A for collateral B, just like how Indiana Jones swapped out the Golden idol with a rock in “Raiders of the Lost Ark”. You can defease entire CMBS loans, like the Village of Merrick Park deal did (WFRBS 2011-C3).** +* **Defeasance is meant to make the entire CMBS bundle more stable by swapping it out with a SPECIFIC type of collateral: US Treasuries.** +* **If CMBS loans are swapping out collateral like store loans (like GME) in commercial real estate, then it overcomplicates our picture of the CMBS market, especially when we know that the same Treasuries are being rehypothecated (copy pasted) into different bundles to keep them kickin. 2021 saw the biggest boost in defeasance in 13 years…and 13 years ago was 2008.** + +EDIT 2: Finally got this under the 40K word count so editing should be easier. Hopefully it flows more smoothly! + +EDIT 3: Good call from Dr\_Gingerballs, here's a shorter thesis: + +**TL;DRx2: Treasuries are being pushed into CMBS loans not just when things go wrong short-term, but even when things go right long-term, meaning even more treasury rehypothecation is probably going on than we think including last year's ATH matching the 2008 crash.** + +For the culture: [https://www.youtube.com/watch?v=0gU35Tgtlmg](https://www.youtube.com/watch?v=0gU35Tgtlmg) + +**Sections** + +**0. Preface** + +1. **Europeland** +2. **On the Way Up** +3. **Rate Me Harder Baby** +4. **ABS: Compare & Contrast** +5. **WFCM: Wet Fart Crime Managers** +6. **Press Pause** +7. **Indiana Jones & the Ol’ Switcheroo** +8. **ELI5: Defeasance** +9. **Enhance!** +10. **What to Expect When You’re Expecting: A Bad to Worst Case Scenario** +11. **The Temple of Doom** + +*Previously, on “The Big Mall Short”:* [https://www.reddit.com/r/Superstonk/comments/t5br7k/the\_big\_mall\_short\_7\_from\_the\_window\_to\_the/](https://www.reddit.com/r/Superstonk/comments/t5br7k/the_big_mall_short_7_from_the_window_to_the/) + +**The Big Mall Short #7: From the Window to the Walmart, till the Sweat drips down my Ballmart** + +# 0. Preface + +This is the Big Mall Short. + +If you recall from Pt. 2, CMBS--or commercial mortgage backed securities--are a grab bag of loans to different offices, retail stores, and commercial real estate that you can buy or sell, or bet whether the price of all those leases will be paid off as those spaces do business. They’re often tied in with signed leases to these spots. **If many of those offices, retail stores, and commercial real estate spots fail, welp then they can’t pay their lease and the entire grab bag (CMBS) might go down. These leases can be made to offices or factories, but they can also be made to retail stores like Tuesday Morning or GameStop.** + +In our previous episode, we talked about Walmart’s history of being welcomed to new towns with open arms, before it often runs off into the night and leaves “dark stores” in its wake. **When Walmart leaves, it also has an effect on the commercial real estate bundles that it is a part of.** + +&#x200B; + +https://preview.redd.it/2abu10ex69n81.png?width=2774&format=png&auto=webp&s=7103b77179df63ee82efe0f61a939bb1ea49d954 + +**We also caught wind of how Ladder Capital (talked about in TheIntercept’s whistleblower-led “The Bigger Short” on CMBS fraud) had originated all of the Walmart-linked GME loans we saw with Wells Fargo (WFCM). This might have meant that Ladder Capital may have been engaging in similar shady dealings with GME stores, as it was with other stores in its portfolios as uncovered by that whistleblower.** + +In this post, we’re diving into the more nitty gritty language and complexity behind some CMBS mortgages **(Warning: this will probably be the most “relatively” boring topic of those covered in this series). In particular, we are looking at 1 term: defeasance.** + +&#x200B; + +# 1. Europeland + +For our story thus far, you might notice that it’s largely an American story. **Now this can’t just be random, right? Why haven’t we seen any storylines like “The Big Mall Short” in Europe per se?** + +&#x200B; + +**You can see some hints when you compare the number of CMBS deals between the states and Europe. In 2017, American CMBS deals hit nearly $171 Billion. Europe barely got to $4 billion**. + +Now that is a crazy gap. Part of the reason for the bigger appeal is that the American market is a lot more uniform or consistent, than the European one: + +&#x200B; + +>“**European CMBS is secured by properties in various jurisdictions and, therefore, the legal frameworks and requirements, in addition to the associated risks, may vary from transaction to transaction.** + +&#x200B; + +>**However, the size and consistency of the U.S. market and the presence of significant loan sponsors** (which often have growing European operations) mean that developments in U.S. CMBS will have a strong influence on structural features that are incorporated into European CMBS.” + +&#x200B; + +&#x200B; + +So while you physically might have a landmass the size of the US cover almost the same space as Europe, bundling a mall in Oklahoma with a mall in Maine into a CMBS is way easier than bundling one shopping centre in Portugal with one in Denmark. + +&#x200B; + +**Legalese and “structural influence” aside, this might make American CMBS products the way to go.** And this was especially the case going into 2019 and 2020, as falling interest rates meant the number of “private-label” CMBS deals kept going up. + +&#x200B; + +https://preview.redd.it/1onbd67579n81.png?width=958&format=png&auto=webp&s=3c211b9a418a2b7e367b77745c646318ba6cc568 + +For me, this meant if I wanted to understand some technicalities of how CMBS bundles operate, I should just focus on the American deals. + +# 2. On the Way Up + +Since the 2007-2008 financial crisis, CMBS deals dropped off immediately after, before slowly building up to higher highs up until 2019: + +&#x200B; + +https://preview.redd.it/yatr86af79n81.png?width=743&format=png&auto=webp&s=f9a69b5c56493e2761f3a773bd619f911fe07492 + +Before Covid was on the minds of many, ratings analysts thought that more CMBS deals would come through going into 2020. **Reasons included that commercial real estate valuations stood roughly 30% above their August 2007 peak and that high demand from investors remained while interest rates were low.** + +&#x200B; + +But that picture is a very rosy one compared to what we know now, especially about CMBS valuations: that originators and financiers like Ladder Capital, UBS, Starwood, and Goldman were lying about just how good those CMBS loans really were. + +# 3. Rate Me Harder Baby + +I wanted to get an idea of how these pre-Covid deals looked like, to see if I could figure out if there were any signs of bad news. + +Back in 2019, Fitch was going to rate/grade about 186 new CMBS loan deals (“structured finance transactions…engaged to rate”) from Jan. 7 to Dec. 18th of that year. (By comparison, about 145 RMBS loans were to be rated) SC loans were included (no idea what the fuck that is.) + +Here’s an example of what their rating schedule looked like: + +&#x200B; + +[shoutout to that Margaritaville CDO lol](https://preview.redd.it/p87gfuzk79n81.png?width=811&format=png&auto=webp&s=44db9f624545cdb0aac94f2734db643173a47dab) + +That highlighted Credit Suisse CSAIL deal actually includes a GME store in Fontana, CA (Cardenas Market Center). + +&#x200B; + +That deal was worth \~$790 million GME made up a tiny bit of that, just 2.4%. (That GME lease was meant to expire 3/31/21. **I’ll cover more of this soon in another post, from our previously mentioned small sample of GME loans, almost all but 20 expired in 2021.)** + +Now who was the loan originator? AHH FUCKING STARWOOD, from my ol' faithful chart of CMBS originating crime: + +&#x200B; + +[the big mall short's ol Faithful](https://preview.redd.it/d9bhrl3s79n81.png?width=1000&format=png&auto=webp&s=fa0a4f6b0a226a07810af77e5b5c6dbf26b75857) + +That CSAIL deal was done alongside Midland Services (master servicer here, vs. Wells Fargo in our Walmart deals) and Special Servicer (LNR Partners). So many of the same shady players featured in "The Bigger Short" were still setting up new CMBS deals, up through 2019. It wouldn't be too unlikely to imagine that there might have been some shady valuations of the collateral inside those loans as well, based on what we know now. + +# 4. ABS: Compare & Contrast + +While digging into those ratings, I was able to leaf through other bundles that they were rating. These included other ABS products, or asset-backet securities. (Remember: CMBS are technically also asset-backed securities, but the assets only really include commercial real estate.) Examples of what Fitch was rating back then included: + +Cars! + +* Ford Auto Securitization Trust,Series 2019-A (Apr. 11) +* HUI JU TONG 2019-1 Retail Auto Mortgage Loan Securitization Trust (Nov. 28) +* CarMax Auto Owner Trust 2019-1 (US ABS) (Jan. 9) + +Credit cards! + +* Evergreen Credit Card Trust, Series 2019-3 (Oct. 21) +* Master Credit Card Trust II, Series 2019-2 (Aug. 19) + +Planes ! + +* Castlelake Aircraft Structured Trust 2019-1 +* Pioneer Aircraft Finance Limited (May 13) +* Thunderbolt III Aircraft Lease Limited (Oct. 21) + +Farming stuff! + +* John Deere Owner Trust 2019 + +Student loans (cry cry!) + +* ECMC Group Student Loan Trust 2019-1 (Jul 29) + +&#x200B; + +Because I had both ABS and CMBS loans to leaf through, I tried to see if there were any items of interest or overlap between some of the different products. + +&#x200B; + +While reading up on these, i**t reminded me of one near-2008 crash study I found for another post that said sometimes tracking CMBS indices (CMBX) is a good enough counter to track ABS indices (ABX) to see how the market as a whole moves as it might move in tandem. You might even remember this ABX index being mentioned in "The Big Short":** + +&#x200B; + +[Vinnie Daniel: What's the ABX at? Porter Collins: What's ABX? Vinnie Daniel: It tracks mortgage bond value. Go back to sleep.](https://preview.redd.it/ywh9ina289n81.png?width=1200&format=png&auto=webp&s=44dcc764374b53472238a8219019568c3b29c37d) + +However, there was 1 thing that I found out stood as a marked difference from the other ABS products. + +&#x200B; + +And it’s something familiar to many of us. + +# 5. Wet Fart Crime Managers + +Let's imagine a bank that deals with CMBS loans that's called Wet Fart Crime Managers, or WFCM. (Let's just say that they are also known for things like, oh... opening credit cards without people knowing.) + +[Now I'm not saying that Wet Fart Crime Managers have this logo...theirs only has 5 horses.](https://preview.redd.it/a0d2ji0889n81.png?width=827&format=png&auto=webp&s=eaf99a843bdf0cca6b5d39d5978c2a0ab9d4c83c) + +**Now let’s look at a VASTLY oversimplified picture of what they might do when setting up a bundle of commercial real estate loans for investors. Let's call that bundle Jenga tower #69.** + +&#x200B; + +**It’s made up of these 3 leases from 3 retail stores, that pay a certain amount of money each month under what’s called a lease. Here’s what that monthly payout to WFCM’s tower #69 looks like:** + +>Retail Store Lease 1: $100 +> +>Retail Store Lease 2: $100 +> +>Retail Store Lease 3: $100 + +&#x200B; + +**WFCM might tell its investors to put money into this deal, saying “You can invest in this and get regular monthly cash flow for a decade!” Investors buy in in droves.** + +&#x200B; + +[CMBS investors chomping at that WFCM titty](https://preview.redd.it/dsv5ae8d89n81.png?width=680&format=png&auto=webp&s=25c2b0800502e00f50a08d4756eeb7a6b1ff6fae) + +We can also say maybe all these stores signed on for 10 years, so that’s 12 months x 10 years or 12 x 10 = 120 months of dollar dollar bills floating on these investors’ jacked up titties and ballsacks. **Every store then is paying $12,000 to WFCM over those 10 years EACH.** + +Remember, this presupposes that the retail store pays $100 a month for their monthly lease and only pays out once-a-month and doesn’t pay ahead. **But what if they were doing really well, and decided to pay their $12,000 all at once?** + +**Well, fun fact! Many commercial real estate loans actually FORBID you from prepaying your loan all at once.** This roadblock comes up in many CMBS loans, stopping ppl in their tracks from being able to pay these leases/loans off early. + +# 6. Press Pause + +&#x200B; + +https://preview.redd.it/9n9hxawj89n81.png?width=513&format=png&auto=webp&s=e8342da881f828168d27aeee84c31eef802eac4a + +**So wait, why can’t a Retail Store pay all at once?** + +**Well, here’s the thing: WFCM wants to hustle and sell a dream to its investors: “I promise you regular payments of $10 a month every month for 10 years!**” (In this scenario, let’s say $10 a month is the interest/return they get for investing in CMBX #69.) + +When investors hear this, they get hyped and yell out “Sold!” . They buy in. **But remember, they said “regular” and “monthly” as part of the appeal. Every. Month. Not just all at once.** + +Investors now signing onto the dotted line means **“Yes, we are “Moneytaint LLC”, we want to get $10 a month every month for 10 years straight…for these 3 retail store loans bundled together into $300 together.”** WFCM does not want to violate that contract spanning 10 years which in legal terms is a no-no. This is all the equivalent of a very serious pinky promise among adults.) + +So their moral of the story is, you better damn well hope they give investors their $10 a month every month for 10 years like they promised! + +Retail Store #3 argues that there must be a way to do this, right? But how? + +# 7. Indiana Jones & the Ol’ Switcheroo + +So what if Retail Store Loan #3 can be paid off ASAP because they’re the fucking tits? Well, WFCM can still make the bundle work and payout by redoing its tower: + +&#x200B; + +>Retail Store Loan 1: $100 +> +>Retail Store Loan 2: $100 +> +>**SOMETHING ELSE: $100** + +&#x200B; + +Something else, eh? WFCM has a dilemma that might have an easy fix: **if you can replace it with something else that costs $100, maybe another item, you can do the ol’ switcheroo on the “something else”. That “something else” then can serve as the collateral instead of the money you were getting from Retail Store #3.** + +&#x200B; + +https://preview.redd.it/w5tvpkmp89n81.png?width=354&format=png&auto=webp&s=e8be1d888395fd5882c8ffa3ec24a85cdf5b68f6 + +**If you’ve ever seen the Indiana Jones movie “Raiders of the Lost Ark”, there’s a famous scene where Indiana Jones switches out the Golden Idol with something else that weighs the same amount so that it doesn’t trigger the entire temple crashing down.** + +Does this sound familiar for our example? It should! + +&#x200B; + +In the case of a retail store #3 wanting to pay something off early, this is not normally allowed. But if you pull an ol’ Indy switcheroo, then shit keeps on chugging. + +&#x200B; + +**​​Hm, now where could I get another “something else” easily, that–oh, I don’t know–that you know won’t just disappear, because the thing backing it probably won’t disappear, and usually lasts 10 years perfectly too!** + +&#x200B; + +[\\"fuck did I leave the oven on? Oh no, sorry that was the printer\\"](https://preview.redd.it/iy7cre0s89n81.png?width=500&format=png&auto=webp&s=9c726d2a1fac1716e6677f1969126f7d0ffc833d) + +Yup...**You can use Treasuries!** + +**This, my dear apes, is what is known as “defeasance”.** + +# 8. ELI5: Defeasance + +**Defeasance = collateral substitution, swapping out A for B.** + +**In defeasance, you swap out collateral in a CMBS for a Treasury bond that's considered less risky. This makes the entire tower more “stable”, while still paying out regular amounts to investors (their “yield expectations”).** + +&#x200B; + +https://preview.redd.it/5w4pa0r999n81.png?width=480&format=png&auto=webp&s=34a1eb51213eb181d83b42e7adbe2bf2d70b7bd7 + +Know **that it doesn’t necessarily have to be 10-year treasuries. I’m using that just to simplify the math in our example and throughout the post.** + +**But despite that smoothbrain take, you can see here how this might explain our example: if you swap out a 10-year treasury so that Retail Store #3 holds up its end of the bargain and pays everything off, then everything keeps moving and the investors are none the wiser! So that your tower that used to look like this:** + +&#x200B; + +>Retail Store Loan 1: $100 +> +>Retail Store Loan 2: $100 +> +>**SOMETHING ELSE: $100** + +&#x200B; + +Now looks like: + +&#x200B; + +>Retail Store Loan 1: $100 +> +>Retail Store Loan 2: $100 +> +>**10-Year Treasury: $100** + +# 9. Enhance! + +&#x200B; + +[preach motherfuckers](https://preview.redd.it/4130h4hh99n81.png?width=1279&format=png&auto=webp&s=c320b9613bc35d41f85f34d9e59becd1e3096944) + +What might a defeasance look like in a rating like Fitch's from earlier? + +Here's one example: Moody’s rating of COMM 2015-CCRE: + +&#x200B; + +>Rating Action: Moody's affirms six classes of **COMM 2015-CCRE27** +> +>Global Credit Research - 11 Mar 2022 +> +>Approximately $631 million of structured securities affected… +> +>**FACTORS THAT WOULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS: Factors that could lead to an upgrade of the ratings include…an increase in the pool's share of defeasance** or an improvement in pool performance +> +>DEAL PERFORMANCE: As of the February 11, 2022 distribution date…**Ten loans, constituting 11.4% of the pool, have defeased and are secured by US government securities.”** + +&#x200B; + +**Here, they reiterate that more defeasance = upgrade in ratings.** + +In Pt #7, I talked about how Ladder Capital had one GameStop store in Idaho that was part of 2 separate leases (all 33 of the GME stores were pretty much split into either of those 2 leases). One of those was WFCM 2016-C37. + +&#x200B; + +[from pt. 7, the ballmart post](https://preview.redd.it/rty0pu2m99n81.png?width=921&format=png&auto=webp&s=ca39d912425bafe52ada1f64301553b4bf63a7c6) + +Here’s the defeasance details on that loan bundle: + +&#x200B; + +>**“Four loans, constituting 6.5% of the pool, have defeased and are secured by US government securities”...** + +&#x200B; + +Like some of the bundles above, you can defease small slices, but you can also do so for larger chunks: + +&#x200B; + +https://preview.redd.it/qkr09buq99n81.png?width=997&format=png&auto=webp&s=7b7760c1b3802f04ba2721f204587295228b1433 + +**Here, one whole loan got defeased (its entire collateral swapped for treasuries) for its ENTIRE balance.** + +&#x200B; + +This operates all fine and well as long as the market is functioning fine and well too. So based on what we know so far about CMBS loans, CMBX towers, defeasance and–yes–treasuries, what might we expect? + +# 10. What to Expect When You’re Expecting: A Bad to Worst Case Scenario + +Examing a deal like the one below, you might catch the following language: [https://www.sec.gov/Archives/edgar/data/1332551/000129415412000038/exh99\_1.htm](https://www.sec.gov/Archives/edgar/data/1332551/000129415412000038/exh99_1.htm) + +&#x200B; + +>U.S. $150,000,000 +> +>MASTER REPURCHASE AND SECURITIES CONTRACT +> +>by and between RCC REAL ESTATE SPE 4, LLC, as Seller and WELLS FARGO BANK, as Buyer +> +>Dated as of February 27, 2012 + +&#x200B; + +>**Buyer or its designee may engage in repurchase transactions with the Purchased Assets or otherwise sell, pledge, repledge, transfer, hypothecate or rehypothecate the Purchased Assets**, all on terms that Buyer may determine; provided, that no such transaction shall affect the obligations of Buyer to transfer the Purchased Assets to Seller on the applicable Repurchase Dates free and clear of any pledge, Lien, security interest, encumbrance, charge or other adverse claim. + +&#x200B; + +**In legalese here, you find that you can rehypothecate the entire purchased asset inside this loan bundle.** + +Here’s another angle. Let’s look at Western Asset Management that deals in mainly MBS (homes) it seems, but also CMBS: [https://www.sec.gov/Archives/edgar/data/1465885/000162828019002555/wmc10k12312018.htm](https://www.sec.gov/Archives/edgar/data/1465885/000162828019002555/wmc10k12312018.htm) + +&#x200B; + +https://preview.redd.it/g5xehsp4a9n81.png?width=1586&format=png&auto=webp&s=e6b0fed021b3dd5336d7ceb8a77cd8aa804969d0 + +&#x200B; + +>**The Company primarily finances its investment acquisitions with repurchase agreements...ranging from one month to three months...A reduction in the value of pledged assets requires the Company to post additional securities as collateral...** +> +>**Under the terms of the repurchase agreements the Company may rehypothecate pledged U.S. Treasury securities** it receives from its repurchase agreement as incremental collateral in order to increase the Company’s cash position. At December 31, 2018 and December 31, 2017, the Company did not have any rehypothecated U.S. Treasury securities. + +&#x200B; + +[sure, why not](https://preview.redd.it/ybs5loaca9n81.png?width=1024&format=png&auto=webp&s=a6161002372ac83431e290e634fae8b167f05ced) + +So treasuries can be swapped into these CMBS towers via defeasance for long-term changes, but in case the assets aren't doing too hot then they can also have the assets swapped out with treasuries to prop the towers up? + +But remember, we know that one of the big issues in this GME saga is that there is not enough good collateral to go around, so treasuries end up in more than one spot. Might we see that here as well? + +&#x200B; + +>“**After a pause in 2020, borrowers once again gravitated toward defeasance in 2021, which jumped 67% to its highest level ($12.1 billion) over the last 13 years,** while supplemental debt fell 28% to $1.2 billion.” + +**Wait, the highest level of defeasance in THIRTEEN YEARS? WAIT APES, PULL OUT A CALCULATOR WHAT’S 2021 - 2013?** + +&#x200B; + +[hold on this is gonna take me a while](https://preview.redd.it/4blz3p3ga9n81.png?width=612&format=png&auto=webp&s=9a6108f56b1ad41449e46340a39306228a477d65) + +**FUCK. So the last time that defeasance was this high where good collateral (treasuries) was swapped out at these numbers was right up until the 2008 crash.** + +# 11. The Temple of Doom + +In "Indiana Jones & Raiders of the Lost Ark", Indiana Jones manages to swap out the idol. But the temple still collapses. + +Looking back at 2019, we see that part of the push for more defeasance was the reduction in interest rates, as well as a marked increase in property values. This led to more borrowers refinancing through defeasance. That year also saw the greatest amount of defeasance in the office sector (37%). + +Certain markets were also more heavily pushing these defeasance swap-outs in different georgraphic areas: + +>New York had the largest share of defeasance volume at 26 percent (cough cough u/Hellshield), followed by California with 17 percent and Texas with 8 percent. Analysts noted that each of these states includes at least one major market where property prices have skyrocketed. + +Once you know that treasuries--many of which we've seen as rehypothecated from earlier DDs--show up in this way in our CMBS towers--it leaves you feeling a lot like Indiana Jones after the idol swap. Many in the CMBS market might have just one move left to do at this point. + +&#x200B; + +https://preview.redd.it/bbkt35sip9n81.png?width=450&format=png&auto=webp&s=0e17cb3b60e6cf5a209b411f9b8d579937e194aa + +Turn. + +And run. + +&#x200B; + +**TL;DR:** + +* **Unlike Europe, the US market for CMBS is much more uniform making it easier to set up. It’s hard to set up commercial real estate bundles across countries/jurisdictions vs. plain ol’ US states. This helps explain why the US market at one point in 2019 ($171 Billion) outpaced Europe’s ($4 Billion).** +* **CMBS bundles offer up a specific workaround for anyone who wants to pay their loan/lease off early: defeasance. Defeasance = substituting collateral A for collateral B, just like how Indiana Jones swapped out the Golden idol with a rock in “Raiders of the Lost Ark”. You can defease entire CMBS loans, like the Village of Merrick Park deal did (WFRBS 2011-C3).** +* **Defeasance is meant to make the entire CMBS bundle more stable by swapping it out with a SPECIFIC type of collateral: US Treasuries.** +* **If CMBS loans are swapping out collateral like store loans (like GME) in commercial real estate, then it overcomplicates our picture of the CMBS market, especially when we know that the same Treasuries are being rehypothecated (copy pasted) into different bundles to keep them kickin. 2021 saw the biggest boost in defeasance in 13 years…and 13 years ago was 2008.** + +EDIT 3: Good call from Dr\_Gingerballs, here's a shorter thesis: + +**TL;DRx2: Treasuries are being pushed into CMBS loans not just when things go wrong short-term, but even when things go right long-term, meaning even more treasury rehypothecation is probably going on than we think including last year's ATH matching the 2008 crash.** +I am a registered bidder and have until 6pm to submit my bid. How much does reddit think I should bid per bitcoin? + +I'm just trying to have fun with this, let's see what happens :) + + +Treasury yields rose again on Thursday, continuing to climb into territory not seen in more than a decade. + +The benchmark [10-year Treasury](https://www.cnbc.com/quotes/US10Y/) yield climbed 10 basis points 4.23%, at one point hitting 4.239% for its highest level since 2008. The yield on the policy-sensitive [2-year Treasury](https://www.cnbc.com/quotes/US2Y/) traded up five basis points to 4.608%. + +Yields and prices move in opposite directions and one basis point equals 0.01%. + +"I think 4% was reasonable," said Wells Fargo's Michael Schumacher. "4.22% has become unanchored. We don't need the 10-year to act like a meme stock. That is not healthy." + + + +Many investors have been concerned about the economy contracting as the Federal Reserve has been hiking interest rates to fight persistent inflation. Another 75 basis point hike is expected from the central bank at its next meeting on Nov. 1 and 2. + +On Thursday, Philadelphia Fed President Patrick Harker said that the Fed would continue raising rates. + +"Given our frankly disappointing lack of progress on curtailing inflation, I expect we will be well above 4% by the end of the year," Harker said. + +The 10-year yield moved to new highs after Harker's remarks. Fed funds futures for next May crossed 5% for the first time on Thursday. + +On the economic front, initial jobless claims came in at 214,000, below the 230,000 expected by economists according to Dow Jones. However, the Philadelphia Fed manufacturing index showed a larger than expected decline. + +U.S. housing starts and building permits data for September came in below expectations on Wednesday, which investors widely understood as a sign of recession in the housing sector. + +In Europe, U.K. Prime Minister announced her resignation. The British pound rose against the dollar on the news. +If you'll allow me to paint broad strokes here: typically the strategy for FIRE is 90% total stock market index, 10% total bond market index, then as you get closer to FIRE to change that ratio to 60/40 and either keep the 60/40 balance during retirement or swap even more into bonds. + +But this FIRE strategy is based upon roughly a 7% post-inflation yearly return. How is that 7% realistic if you have 40% of your investments tied up in bonds? Bonds have had terrible returns in the last decade, and even looking beyond that they've never come close to matching the S&P500 index returns. See [here]( +http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/histretSP.html) for some comparisons. I know it reduces your risk to be more heavily weighted in bonds, and that rebalancing 1/year to maintain the ratio will mean better returns, but I still don't see how a 7% total ROI is likely with such piss poor bond returns. + +There's probably some math I'm missing, but would it not be wiser to keep a 90/10 split over the long run? Especially given that we want to maintain that 7% growth over potentially 50+ years? +The company I've invested 8 years in, in an effort to understand the market, did the following: + +1) told me they were going to interview people for my job, but it's not a real job, they are just trying to "understand the market" and hope to learn by interviewing people who are applying for it. + +2) placed an add on our career website advertising the (my) position + +3) announced to the rest of the management team they were doing 1 and 2, but told them not to worry, they aren't really looking for my replacement + +4) announced to the rest of my division in a meeting today, that they did 1, 2 and 3. + +Needless to say, i find it offensive that they are doing this. First, I think it's wrong to interview people for a job that doesn't exist, in the hopes they divulge information about their current employer's best practices. + +Two, it undermines me with my subordinates and co-workers that they are interviewing for my position, regardless of the intent. + +Three, inside and outside of my organization, I've had people asking me if I'm leaving and I don't really know what to tell them. + +I find this embarrassing, dishonest and offensive. But before I fly off the handle, I would love some feedback from you folks to try and decide what course of action I should take. I did inform my manager that I'm offended by this, especially after he decided to announce it to the rest of my division in a meeting today. He called me and left a voice mail offering to discuss it further, but I told him I had plans tonight and would rather discuss it in person tomorrow. + +Any advice/thoughts you're willing to share would be appreciated. In 20+ years in this industry, I've never head of a company employing this tactic. + + +**Update 1/25/2018** -- i've taken a few days off work; the ad for my position has been taken down today. + +Edit continued -- I have a phone call with my boss's boss tomorrow. The narrative is now that my manager misinterpreted the direction and that's not what they intended to do. + +There may be some confusion about the "market data" they are trying to glean by interviewing people for my position. Think of it this way: my company sells fried chicken, and they want to interview people who work at KFC in the hopes of finding out the secret 11 herbs and spices. + +Hey PF, + +I started doing my wife's and my taxes yesterday - this is only our second year filing jointly. I noticed her federal income tax withheld was extremely low, and that's when we realized she must have accidentally claimed 'Exempt' for 2020 when filling out her W4 last year. Her company made everyone update their W4s last year online and claiming exempt is just a simple check box, which she must have accidentally clicked. It coincided with us getting married, combining our bank accounts, and her getting a raise, so neither of us really paid attention to her pay stubs during 2020. + +Anyways, when I entered my W2 info into FreeTaxUSA, it was estimating that we'd get some money back. After I entered her info, it is now estimating we owe $7K. Obviously this was not ideal to see, but luckily we are able to cover that. My question is: After we pay that amount are we good to go? Or should we expect any inquiries or something from the IRS? We are also in the process of closing on a house, so hoping this doesn't slow down our lending or add any complication (we're newer to this stuff, not sure how it affects each other). + +Thanks for any advice! +I have a credit card where my sister is an authorized user on it. She passed away recently and I am worried about her debt collectors going after my credit card to collect money. Is that even a thing? Can that really happen? + +Edit: Thankfully she never used the credit card for anything. + +Edit: I like to clarify by “debt collectors” I mean any debt incurred from elsewhere. Like her medical bills for example or her other bills she had. Like I said before, she never used my credit card. But as I learned here a credit card is not an asset anyway, so I need not worry about it. Thank you everyone for explaining! +I always enjoy hearing about other people’s paths to FIRE, so I thought I’d share my own… + + +I wasn’t sure what I wanted to do in college. I got lucky and chose a quantitative major because I enjoyed it, and then I worked hard at it and graduated with honors. I stayed frugal throughout college and worked during the summers, but I didn’t work while I had classes. Also, all my grandparents died while I was in college and I an inheritance. As a result, I was lucky enough to graduate with no loans and about $30k in savings. + + +After college, I wasn’t immediately sure what I wanted to do and moved between jobs. 2 years later I found a job in a MCOL city paying me $40k/yr (after tax) while I spend $25k/yr. I worked 50-60 hrs/wk, and spent my free time hiking, biking, playing basketball, and playing piano; I’d also take one adventurous vacation each year. + + +By the time I was 30, I was making $85k/yr after tax, bought a $150k condo, and was spending ~$30k/yr (not including the mortgage). But then I started to getting frequent injuries, which included chronic pain in my fingers and toes (as well as some other joints). After a few years, thousands of dollars, and more than a dozen doctor visit, I was diagnosed with hypermobile ehlers danlos syndrome. I also developed severe IBS-D (maybe from all the medications I was taking?) that can only be controlled with a strict diet. + + +As my health worsened, I had to give up hiking, basketball, biking, piano, and adventurous vacations. Eventually I was forced to work part time, and a year later I had to stop working. I was also denied disability. My early 30s had been spent managing my health and trying to keep my job, and I suddenly found myself 35, single, with a net worth of $550k (not including the condo), and unexpectedly in a state of something like FIRE. + + +Obviously, this isn’t how I initially envisioned FIRE. I’d had a list of things I wanted to do when FIRE’d, and I literally can’t do any of them anymore. I’m hopeful that my health will improve and I’ll be able to take up my hobbies again and maybe work part time, but I’m not optimistic about it. I’m naturally anxious, and I stress a bit about my finances, and still haven’t figured out how I’ll manage my finances; do I spend more to try to make myself more comfortable? or do I be extra frugal to make sure my money lasts? Either way, I’m extremely glad I was working toward FIRE. I can’t imagine handling this situation if I didn’t have a huge financial safety net. + + +Back to Netflix… +Turning 16 next year which could arguably be considered in the late phase of ones 10s and approaching the 20s decade. Wondering what advice people in their 20s would have to people like me in their 10s. How can I set myself up to own IPs early and get a hot gf early on. I currently feel heaps of pressure to finish high school and to start working but I genuinely feel like it’s impossible for someone like me to ever own a house or an IP in Sydney. +Also I feel like I still haven’t explored fully my teenager phase before I settle down as an adult. +First of all, let's talk gamestop: it's a very simple centralized market. buy or sell shares of the company. So far so good. + +The problem with SLV is that silver IS NOT A CENTRALIZED MARKET! + +The biggest silver market is COMEX, which is a futures market. See, futures markets aren't the same thing as single stock markets, they are much bigger, have more institutions rather than retail investors and they are much more complicated. + +When a typical retard buys gme, they hit buy market and that's it, they now have 1 share. + +In futures, it's different. You buy contracts, these contracts are standardized and the most popular contract for silver is : SI . SI has a contract size of 5000 troy ounces!! One contract is equal to 135000 $ worth of silver. You don't need to pay 135k for a contract, you can buy it for 14k if you close the position before you need to take delivery of the silver. + +Some of you might have 14k, but the risk is very high: if silver moves down 1 dollar you lose 5k. + +Another problem in the silver market are the participants: goverments own silver, hedge funds own silver, investment funds own silver, too many people own too much silver!! Gamestop is at about 30 billion dollars marketcap ( and that's now ). + +The open interest on the latest SI contract is 135 960, giving it an open interest value (which admitedly is not marketcap) of 18.354.600.000 usd. 18 billion usd in just open interest. + +Open interest is how many positions are open at any given time. + +Silver is a much bigger market, with more big players. + +GME - there weren't so many hedge funds (poor Melvin, that was the one big hedge fund shorting gme) and so it was a subreddit against a fund, and we won. + +Silver is a different story - JP Morgan, Goldman Sachs, Citi, hedge funds, governments, a lot more money is in silver than gme. + +For these reasons, don't go into SLV, you will just play where the big boys want you to play, they have the advantage there. + +tl;dr : Silver won't moon, banks have advantage, hold gme to 10k. +I must admit, the more I hang out around here, the more autistic and jealous I become. I have been trading stocks for 10 years, always playing the long game, done very well, made about 70 grand off of 20-25 over the years, paid off my house back in February thanks to Canopy Growth. But i see all you guys WINNING SO HARD & (mostly) losing (mostly, shhhhh) your asses, but maybe I can be a winner to? + +So I enabled options trading on Robinhood. + +But first, they had to ask me a few questions for my own safety: + +1. How long have you traded options? Me : 0 years +2. Are you a regulator (whatever the fuck this means) : No +3. Do you have a heartbeat? : Yes + +Congratulations! Here's a bunch of credit to ruin your life! + +lmao no shit people are killing themselves every day. + +FYI, I'm not jumping in, my portfolio is autistic enough. + +Edit - at the end of the day, you are 100% responsible for your own decisions. +I'm so proud of myself. I was just approved for my first credit card, a Cap One Platinum. I never thought I'd get to this point. Thank you for your advice! +I recently received an interview offer from Primerica & World Financial Group for Financial Advisor role. Anyone have any experience with them before? +So they charge more on interest...but they pay more on interest. + +Bank rate goes up 50 basis points, they make LESS money on all the fixed rate mortgages out there (most are probably fixed rate) + +They make EQUAL money on variable rate mortgages. + +Even on variable rate mortgages their margin% decreases since the variable rate goes up by the amount of the bank rate increase so if their margin was .0015 on a variable rate of .02 now its .0015 on a variable rate of .025 so the margin dropped. + +&#x200B; + +Where is the benefit to bank earnings? +So I bought like 10k worth of ZAG, a broad based bond fund from nov until february or so. When long term yields started rising, the fund started falling in value, and i'm now down about 6% or about 500 bucks while during that time, i've been paid distributions of around 60 dollars. Cool. + +I don't want to give up on the idea of bond funds since I hate having fixed income outside my brokerage. It's frigging annoying to have to deal with multiple credit unions and banks. I like having it all available in Questrade. But this has shown me that I really don't understand these funds essentially. + +So I'm looking at shorter term bond funds to get less risk related to rising interest rates. Something like ZST. But I'm just not sure how to actually evaluate the 'expected return' of these funds. + +ZAG has an 'annualized distribution' of 3% with a 'yield to maturity' of around 2%, while ZST has an annualized distribution of 2.6% and a yield to maturity of 0.5%. + +Are these 'yield to maturity' values basically just the average annual yield of these funds over the last 12 months? So really not predictive of future performance? I get that all else being equal, a fund with longer duration bonds would have a higher yield. But how do you evaluate that against the risk of rising interest rates tanking the value of the fund? +[https://www.bnnbloomberg.ca/rbc-q2-profit-cut-in-half-as-credit-loss-provisions-reach-2-83b-1.1441554](https://www.bnnbloomberg.ca/rbc-q2-profit-cut-in-half-as-credit-loss-provisions-reach-2-83b-1.1441554) + +Q2 Non-GAAP EPS of C$1.03 misses by C$0.54; GAAP EPS of C$1.00 misses by C$0.50. + +Revenue of C$10.33B (-10.2% Y/Y) misses by C$1.01B. +Just looking to see what others think of my outlook, other ideas are of course welcome. + +Right now the BoC is a bit hesitant to raise rates aggressively as they know that the debt burden all retail consumers have would implode. So they are forced to go slowly, sort of like weening a baby off a bottle. But BoC has to keep pace with the FED or the CDN dollar will take a huge shit, not in lockstep but the FED can't get too far ahead in rate increases. (maybe i'm totally wrong here) + +Gas prices at the pump are already being felt with oil prices rising, and this combined with higher interest payments will lower the discretionary spending that canadians have. + +If they want to maintain buying power, they'll need to use debt, which fuels the debt to income ratio at its already ridiculous level. About 175% + +I'm thinking the Canadian market is in for some hurt in the next 12 months. + +Thoughts? am i dreaming ? +Speculative plays are on a decline since that mid-February peak. A lot of us are left holding heavy bags. Crypto stocks, renewables, gambling, etc. + +Post your success stories after holding bags for months / years. +Just as the title says, what are your opinions on it? Do you feel that it's a good buy now? Will it increase the price because of it, since more retail investors can afford to buy it? Any thoughts and comments would be greatly appreciated +Hi r/CanadianInvestor! I just started investing my savings recently and I use TD Webbroker - I'd like to stay with them going forward , but want to be smarter about how and when I invest. + +I'm mid 20s, with no debt, and contributing \~1.5k to my TFSA/month. Currently I have \~22k in my TFSA and is broken down into these + +* \~5% CM +* \~12% EMB +* \~2.5% RY +* \~2.5% TRP +* \~33% SHOP +* 19% TD +* 13% VEQT +* 10% VFV + +I did a lot of small transactions early on (i.e. CM, RY, TRP) because I thought it'd be better that I quickly put my money into the market rather than keeping it in cash in my TFSA, but those quickly rack up the transaction fees ($9.99). Going forward, I've been trying to only buy at least 1k/trade. I was wondering if anyone might be able to help provide some advice for a young, new investor - thank you! +This seems to be the biggest FUD I see regarding DRS/ComputerShare. No matter what, I always see, "Good luck selling during MOASS." I have also seen people comparing the buying/settlement time, where shares are bought on CS and registered in your name. I do not know the specifics on the difference in buying and settlement on CS compared to a brokerage, other than you are buying shares in your name and waiting until after settlement for them to be added to your account. Unlike on a brokerage, the shares are not registered in your name, and they do not wait until after settlement. This is not the case with selling, as **selling can be done in real-time** through them and the brokerage they use. They also have other options such as trading through a block trade (slower process), or sending your shares back t to your brokerage and sold there. + +But wait, the next question should be, who exactly is ComputerShare's broker then: + +&#x200B; + +>[https://www.computershare.com/je/broker-selection-policy](https://www.computershare.com/je/broker-selection-policy) +> +>As a company we work with different counterparties to execute our clients' trade orders, such as share sales. This policy outlines how we select, monitor and review the counterparties that are used to fulfil trade orders, and the factors that will be considered when using such counterparties. + +&#x200B; + +So if some brokers are having trouble selling during MOASS, ComputerShare is not locked into using just that broker. So the entire concept of good luck selling during MOASS is disingenuous. Not only will they be able to sell, it seems as if one brokerage puts a block on a security, ComputerShare has the option to use another. + +&#x200B; + +&#x200B; + +Below is from the AMA regarding instant selling: + +&#x200B; + +Video of AMA: + +[https://www.youtube.com/watch?v=LVEJo87jejo&t=1454s](https://www.youtube.com/watch?v=LVEJo87jejo&t=1454s) + +[**u/jsmar18**](https://www.reddit.com/user/jsmar18/) **is the mod who did the AMA with ComputerShare and I am going to post transcripts from the AMA to answer a few questions from the video above:** + +&#x200B; + +>[**u/jsmar18**](https://www.reddit.com/user/jsmar18/): Retail is used to relatively quick order executions, so I think that was kind of a surprise when there was, you know, batched together.. +> +>**Paul**: Maybe I can jump in without being rude, that is how the purchasing works. **If you want to sell securities you’ve got the option of doing a real-time transaction with us through the web** or selling into a batch and going through a batch process. Or you can sell through your own broker. There are lots of opportunities for you and choice available to you when you are selling. +> +>The point that I made earlier, that is how we accumulate the shares when we are buying shares through the plan. But some parties might say well, I am going to execute my order in real time to purchase the shares through a broker, and then have the broker DRS the shares into Computershare. So there’s are lots of, plenty of choice available to people. +> +>[**u/jsmar18**](https://www.reddit.com/user/jsmar18/): Yeah, we have definitely seen people do that in terms of buying through brokers and direct registering. +> +>**Paul**: When you are selling it **you can sell real time through us. When you are doing a real time trade through us, the turnaround time can be very very quick, you know, assuming there is a counterparty in the market to buy the shares that the broker is selling on behalf of you all.** +> +>[**u/jsmar18**](https://www.reddit.com/user/jsmar18/): Ok. So, we execute on Computershare, which then sends it to their broker which will then execute it on the market accordingly. +> +>**Paul**: We use highly integrated systems to so that we are not sending carrier pigeons with pieces of paper saying ‘please run to the floor of the stock exchange and execute selling our shares’. It is modern and pretty fast. + +&#x200B; + +&#x200B; + +I will link the entire AMA thread in the reply below. I believe if I link to another post in the original post, my post will automatically be closed. This seems to be the information most people new to DRS are worried about. Can I sell during MOASS? What happens during MOASS is uncertain. Will DRS/CS be able to sell? You should be asking yourself the same question about any brokerage. If the free float is locked by DRS, will anyone other than CS be able to sell? That is the decision you need to make if you decide to DRS your shares. If you believe putting the shares in your own name is the safest option, DRS is for you. If you are long on GME, DRS may be for you. If you want to try and lock the float to prove the hedge funds never covered, DRS is the only way. I believe GameStop has the same sentiment, which is why they added their DRS numbers to their earnings reports. If you believe CS will not be able to sell their shares, while normal brokerages will, DRS may not be for you. I wholeheartedly disagree with that. But again, this is all uncertain. + +&#x200B; + +*I understand some of you have no need to figure out how the selling works, and although that frightens me a bit,* because ***I actually believe you.*** *The original apes that DRSed blind as hell, are without a doubt, the most selfless retail investors I have ever seen. They really like the stock. I made this post to make sure those that want to dip their toes into DRSing their shares, understand they can and will be able to sell in real-time according to ComputerShare themselves.* +I mean, I've been in the space for years, and I've seen a huge number of posts expressing a similar sentiment. i.e. "This is why we bitcoin", videos showing incompetent politicians relishing their control of the money supply, or plebs like me who are devastated by their government's wealth confiscation. + +But when TED CRUZ basically says the same thing, the crypto community says he has an ulterior motive, or they worry aloud about how this transformative technology (whose original mission statement was to separate money from State) is, heaven forbid, becoming political. + +If this community is this irritated by little ol' Ted Cruz, then I'm afraid our sense of cohesion is in for a real bumpy ride ahead... + +[edit: As a rule, given any two parties with opinions regarding wealth redistribution, one should always expect the one who is least supportive to be the first to embrace a confiscation resistant technology like Bitcoin. So, in America, you should expect the Libertarians to support it first, followed by the Right, and eventually parts of the Left.] +TL:DR - pursuing FI has been great, but am now overwhelmed with how much there is that I can do with my life. It's causing decision fatigue. How do other people cope? + +&#x200B; + +Like many other people who pursue financial independence, I enjoy planning things. While I'm old enough now to know that "the best-laid plans of mice and men often go awry", I've always been someone who enjoys thinking about what my available options are, deciding what I want and how to go about it, and making that happen over the medium or long-term. This has been a helpful trait in pursuing FI, and I'm glad to be inclined in this way. + +&#x200B; + +However...I'm finding in the past couple years that I'm almost stressed out by all the additional options for what to do with my life that pursuing FI has given me. + +&#x200B; + +When I was young, I felt that I had few options except to roll up my sleeves and grind it out in my choice of career - it was my only way of getting a financial base and building a life for myself. I didn't have an impoverished upbringing or anything, but I did have parents who maybe didn't have the best mindset about money. I wanted a career and I wanted financial stability in a way that they didn't really believe was possible. So, to me, the choice was simple - "work and build wealth" as much as I could in order to build a future for myself, or "be careless and build nothing", living from hand-to-mouth and not building any sort of future. For me, the choice was obvious. + +&#x200B; + +Now, years later, we have a solid financial base in our lives. We will certainly be able to retire early if we choose, and we can combine that with some other fun adventures if we are smart about it. However, while I'm incredibly grateful to have the opportunities I have, I increasingly feel overwhelmed by all the things I COULD choose to do with my life. + +&#x200B; + +Should I stay in my job another 5 years, or another 10 years, or another 15 years? Should I stay in my career and keep grinding it out, or try to pursue any passion projects? Should I try to write a book? Should I take a sabbatical and travel around the world? Should I stay in my city or move to the country? Should I get a vacation house? Should I try to leave the country during the colder months ever year? (I'm in Canada, winters are cold.) Should I look at getting a bigger house? A custom house? A smaller house? What do I want??? + +&#x200B; + +A lot of this is just human psychology - I think of [Dan Gilbert's TED talk](https://www.ted.com/talks/dan_gilbert_the_surprising_science_of_happiness) on happiness, and how having more options to choose from can be a source of stress. The whole idea that the company that sells three kinds of jam will sell more jam than the company that makes seventeen kinds of jam. I also enjoyed [Mark Manson's book](https://markmanson.net/books/subtle-art), and agree with his conclusion that people don't have this "one passion" in their lives that they need to be "true to" - there are many things we can do with our lives and there will always be upsides and downsides to whatever path we choose, and it's important to accept and be OK with that. + +&#x200B; + +So I've gotten my head around all that, but I'm still having trouble with strategies to cope with all of the new decisions that pursuing FI allows you to make. To other people pursuing FI - do you sometimes get overwhelmed with the sheer amount of options available in your life? If so, how do you keep your journey focused? How do you decide on one course of action and not get overwhelmed with the dozen other things that you could also do instead? +[From the NYT](https://www.nytimes.com/2019/12/31/business/electric-cars-germany-economy.html) + +Germany relies heavily on internal combustion engine cars for its economy. + +Three of the top 5 companies in Germany are (primarily gas) automakers. + +While USA auto-maker Tesla started out with electric, we can see from unionized ICE auto-makers in the US, [slowing the transition to electric cars](https://www.wsj.com/articles/gms-electric-ambitions-rattle-below-the-surface-of-the-uaw-strike-11569582003) is a major priority of unions. Simply put to be competitive in the electric car market it requires a lot less workers and lower wages. Electric cars are just simpler mechanically and require less work to build. + +Historically Germany's unions have been adept at reading market conditions and working to create competitive vehicles rather than just maximize wages. + +Will union pressure prevent German automakers from competing with companies like Tesla, Rivian, or asian startups? + +Will pivoting from gas to electric be an easy task for them even if we take away the pressure of unions? +Take a step and feel massive confirmation bias on this point. BR has been liquidating the fuck out of a lot of positions (hence why gme as a % of portfolio doubled in Q1). If they didn’t sell in jan, which could’ve explained the >100% inst ownership numbers, they will certainly see this through. And more than the OS is held for sure now. This is a massive data milestone that I have been silently worried about, and everyone should realize how bullish this is. And don’t give me bs about we don’t need Blackrock etc that’s not the point, if you can’t appreciate the significance dont comment bruh +What the title says. I went all in the dip. It might go lower than this, i do not care. I am still bullish long time. + +If I lose couple of thousands who cares. They were not going to take me out of poverty anyway!! +Hello WSB, this is my first official post, but I'm very proud to see how we have all HODL together really strong. + +I have been in GME since 30 Oct 2019 with an additional 1670 shares on 29 May 2020 and I wish I could take a screenshot to prove my words, but my custodian account does not allow any screenshots out of "security" reasons. I currently hold over 6 digits of value in GME and I hope to reach my 7 digits and possibly 8. After what happened today, my 7 digits is certain, 8 digits possible. With more crayons maybe I'll reach 9. + +That being said I like to share and encourage with everyone why this nosedive drop we seen today is actually the BEST affirmation we really need. + +There's been wonderful DD that the Short interest are still extremely high and that the data in FINRA is entirely unreliable. Let's be honest, before what happened today, no matter how certain we are, we weren't 100% sure. + +I'm an expert in Chinese history, and I'll quote Sun Tzu, the famed author recognised for writing the Art of War over 2000 years ago. + +“If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.” + +Truth is we never really knew what the hedges were up to and this week was really fishy, with the absence of obvious short ladders and peaceful markets. Other than occasional dips everyday after reaching a peak, we couldn't tell much. Some people have speculated that maybe the hedges were buying calls in order to reduce their risks, but I think we can all agree now that there is a good possibility that the dips we've been seeing the last few days are just a test for hedges to see how much the price can be affected. + +And let's be honest with ourselves, that was a coordinated attack. I have no idea how long they have planned that, but looking from what we've seen, it's definitely a lot of time. At that scale it's not possible for 1 or 2 hedge funds to pull this off by themselves. And YET!! This is where we recovered strong. + +So what this means is this. The hedges are panicking. They are worried. And they have proven that the shorts *HAVE NOT BEEN COVERED*. If they have been covered to the large extent they claimed to, today's coordinated attack wouldn't have happened. + +Not just did they admit with their actions that they are fearing us, they also basically highlighted to us what stocks they are all massively shorting. AMC, KOSS, NOK, BB all are in this together with us GME Army! + +You know it's like Harry Potter, where Voldemort basically handed the weapons to Harry by his own hands. + +Based on Chinese History, there's this clever strategist Sun Tzu. For him before he executes any clever maneuvers for war, he will always test them first. If the hedges we are up against are the same smooth brain people like Sun Tzu, this fall is only a test. But it's costly to them and we have held strong. With the current prices, supposing they did buy some shares to cover their losses, all those buys from 180 to 250 are all gone. Now they are forced to buy shares above 260 and its only going to cost them even more. Much better for us. + +Fellow apes, they are really afraid of our gamma squeeze this week and next week. + +Now... We strike back, by doing NOTHING! + +Edit: +[to the skeptics who need proof for everything](https://imgur.com/a/aTaF8j6) + +I obviously have better things than to post everything on social media like a attention seeking person. I'm a retarded ape not a peacock. Your tongues will wag too no matter what even if my picture has shown my platform to be ancient. But that's nothing to do with my investing preferences. + +For you skeptics who need proof for everything and choose to always doubt and flake, here it is. "A confident man does not live for the applause and approval of the non-worthy". Your skeptical outlook has only said to me that you clearly did not see Gamestop for what it really was earlier on, and even if DFV's DD was shown to you in those days, you were a late adopter. It has also shown me that you have the paper hands tendency when you don't see potential and when the going gets tough. + +I thought I have surpassed and ignored most silly comments, but thanks to the 1% of negative words, you have helped me see I still react to silly nonsense and it's something I need to change in myself. You are a Hyena and this is a community of apes. Reflect on yourselves. +I’ll start by saying I’m a grandmother, or at least old enough to be one. In 2014, I had a couple of grand in the bank so I asked a grower friend how could I invest in the newly legalized cannabis industry. + +Ive never been much of a saver, more of an impulsive spender, and never made much money either. Retirement age was looming and I knew I’d blown it. I was one of the majority of Americans, facing the possibility of living on a tiny social security wage, or working into my seventies. I needed something that would bring the biggest yields possible. I needed a miracle. + +My cannabis friend told me about Bitcoin. I spent my spare time over the next few days devouring every video, every article I could find (thank you Andreas Antonopoulos you are my hero). + +I found someone in my county, went to my bank and wired him some money, and he sent me a small amount of Bitcoin. I did this again and again (dude I don’t remember your name, but I hope you didn’t get in too much trouble for operating a money changing business back in the day). + +I watched my $210 Bitcoin jump to over $1000. I was glued to the price ticker, and I sold the 20 bitcoins I’d accumulated at $880. Oh how I wish I’d have HODL’d at that price! + +I started buying again at 440, then at 560, then at 900, 1100, 2200, etc. I set up an automatic buy at Coinbase for $50/week for a good year or two. An unexpected breakup led me at stop that auto buy, but I later resumed it at $10 week. I still have my $10/week buy. I call it my “gambling money”. + +Eventually I transferred my Bitcoin onto a hardware wallet, stamped out my keys onto a brass plate, and stashed them away in a safe. I keep a little bit on an exchange, and have cashed out drips and drabs to pay for my daughter’s college tuition and expenses. + +I’ve paid taxes on the gains I’ve taken. + +This week for the first time it hit me. I’m not going to retire poor. I don’t have to worry. I don’t yet have enough for a full retirement, but there is no doubt in my mind that my little HODL’d stash will grow and grow. What a huge relief. + +I owe a lot to this sub. I’ve been subscribed since 2014, and I’ve learned a ton. A GIANT THANK YOU to all the contributors and the mods. You the real MVP’s! + +Edit: Wow! Thanks guys! I had no idea I would get such a great response. I think I might increase my auto buy to $20 week. Also, maybe I’ll diversify. I hear coinbase is having an IPO soon. I’ll have to look into that! + +Edit 2. Whoa! I got awards! So cool. I don’t know what that means but I’m gonna look into it. Thanks so much. My endorphins are dancing 😊😊😊 + +Edit 3. In the old days, your reward would be you’d get tipped in Bitcoin. I got one of two of those back in the day. I should look in my Coinbase history (where I held my wallet) to see what they are worth now. +Hello! + +I’m a 26F, currently making $55,000 and will most likely make 60k by end of the year. I’ve been living with my parents since the pandemic and have 25k in savings, $0 in debt, and about 15k in my 401k. + +I just signed a lease to a new place and am planning on moving back to chicago next month. + +My dad thinks I’m making a big mistake because he argues I should be spending the next 6 months (at least) saving more and staying at home because I’ll never have this opportunity again. + +At first I was chalking up his arguments to him just wanting me to stay here forever but now I’m getting cold feet. My financial literacy is admittedly bad and I have no firm understanding on what’s considered “good” savings for someone in my situation. + +I originally decided to make the move because I was feeling stuck staying at home with my parents—even though I love them. I just miss my old life in Chicago and feel like I am definitely leading with my heart and not my head on this one. + +Do you think my dad is right? Am I making a stupid decision that I’ll probably regret when I’m older? + + +**Edit: thanks for all the awesome advice! Since the lease is already signed, I guess the horse is already out of the barn. I’ll just have to make sure I’ve got a solid budget set up before moving! + +Also, just wanted to clarify that I have lived on my own for most of my 20s and only moved back in with my parents last May when the pandemic hit. So I’ve been living back at home for a year now!** +https://www.cnbc.com/2020/11/08/election-stock-market-futures-open-to-close-news.html + +Futures on the Dow Jones Industrial Average surged 1,201 points, or 4.3%, implying an opening gain of more than 1,200 points. S&P 500 futures jumped 3.6%. Nasdaq 100 futures climbed 1%. + +Thanks for the awards. +Hi all. + +We've all woke up to an extra months pay in our accounts. Even people that left the company over a year ago have. + +I assume that the people still working for the company are going to have no choice but give it back but what about those people who have been gone for a while now? + +We're not a particularly large company, around 20 people. Not sure if that effects it in anyway. + In Germany, new legislation enabling managers of the most popular institutional investment funds—the so-called **Spezialfonds** allocate 20% of them to crypto-assets is set to come into force on July 1. + + $1.8 trillion  is invested into Spezialfonds so ; Theoretically, up to $425 billion could enter the crypto market from Spezialfonds alone + +And after this move many other europe countries will follow Germany. Selling in panic right now is would make u regret after this. + +&#x200B; + +Source : [https://www.coindesk.com/proposed-legislation-in-germany-could-allow-425b-to-flow-into-crypto-report](https://www.coindesk.com/proposed-legislation-in-germany-could-allow-425b-to-flow-into-crypto-report) +https://www.bloomberg.com/news/articles/2022-04-13/mercedes-ev-breaks-1-000-kilometer-range-barrier-to-outdo-tesla?utm_campaign=instagram-bio-link&utm_medium=social&utm_source=instagram&utm_content=business + +A Mercedes-Benz AG electric car drove more than 1,000 kilometers (621 miles) from Germany to the French Riviera on a single charge, taking the fight to seize the technology limelight from Tesla Inc. to the next level. + +The EQXX prototype rode from Sindelfingen near Stuttgart via Switzerland and Italy to the Mediterranean coastal town of Cassis, the automaker said Thursday. The sedan’s lightweight chassis and aerodynamic profile allowed it to complete the trip with a battery half the size of Mercedes’s EQS flagship electric vehicle. + +The EQXX “is the most efficient Mercedes ever built,” Chief Executive Officer Ola Kallenius said in a statement. “The technology program behind it marks a milestone in the development of electric vehicles.” +If you have invested in ICOs, you are indirectly participating in shorting the crypto markets. + +How? + +Those companies doing ICOs are selling your BTC/ETH you gave them to pay for their operations. + +This post was inspired by the latest crypto market decline. +Just wondering how the trades out there are doing?? I’ve noticed suddenly Tradie neighbours seem to be home more during the day (in Melb) Last year I purchased a property which needed a full Reno and had trouble even getting a response from most. Is work slowing down for you?? Thinking about purchasing an investment property which will too need a full renovation, hopefully this will help out a few local guys if work is slowing :) +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!! +President Biden is set to announce his aim for 50% electric vehicles by 2030. Yahoo Finance’s Rick Newman shares the details. + +### Video Transcript + +AKIKO FUJITA: The Biden administration is setting ambitious targets to reduce the country's carbon footprint, calling for electric vehicles to make up half of all new US car sales by the end of this decade. Some climate activists, though, saying the goal doesn't address the urgency of the crisis. Let's bring in Yahoo Finance's Rick Newman, who is following this story for us. + +And Rick, you know, we're talking about 50% by the end of the decade. And yet, today, EVs only make up about 3% of new car sales. So how realistic is this? + +RICK NEWMAN: It depends on what the government does, honestly. If the industry were just left to itself, I don't think there's any way we would get to 50% of new vehicle market share by 2030. The cars are still more expensive than gas-powered cars. There's still range issues. But the Biden administration plans to do a lot to incentivize people to buy these vehicles. + +So there's going to be billions of dollars for new charging stations. So there will be charging stations, in theory, wherever you might need one. That's in the bipartisan infrastructure bill that's now in Congress. Biden wants about $170 billion in addition to that. He wants new subsidies for anybody buying an electric vehicle, electrify school buses. He wants subsidies for building battery plants in the United States and all this kind of stuff. + +So this-- these are the reasons that the auto industry really seems quite happy to go along with this. Because they're going to-- they think they're going to get so much funding from the federal government to help them reach this target. By the way, we should point out to everybody watching, this is a target not a requirement. There's no penalty for any automaker that does not get to 50% of all new vehicle sales being electric by 2030. That's just the goal. + +AKIKO FUJITA: And Rick, you've also got some additional measures here laid out in that plan, including limits on tailpipe emissions. I mean, walk me through how significant of a bump that is. Because we all - there were standards set under the Obama administration. The Trump administration rolled that back. Where do things stand now? + +RICK NEWMAN: We don't know exactly. Because Biden has not yet said what he plans to do on that. I mean, just the very briefest history here, Obama, in 2012, raised fuel efficiency standards really aggressively. That would have required about a 5% improvement in fuel economy every year. And then Trump came in, and he slashed that down to about a 1.5% improvement in fuel economy every year. + +Now the reporting is that Biden is going to split the difference basically. He's going to raise fuel economy standards above where Trump left them to what would amount to about 3.7% increase in fuel economy every year. But that- they have not announced that yet. And that takes a long time. That is the-- that's changing a federal regulation, which has to go through months and months of review and things like that. + +And I think one of the things we're probably going to hear the Biden administration say, well, yeah, his guideline for fuel economy is not as aggressive as Obama's was back in 2012. But if we have all these new electric vehicles on the road, that is something that we didn't have really back in 2012. So that should make it easier to reach the 3.7% annual increase, or whatever it turns out to be. But that is down the road still. + +AKIKO FUJITA: OK. Rick Newman, staying on top of the details. Of course, you can read his story on YahooFinance.com as well. Thanks so much for that, Rick. +FTX owes customers and other lenders, close to 83,000 BTC but does not have any left on the books. If it were to fulfill its obligations, it would require buying and sending $1.4 billion worth of BTC. This is obviously not going to happen but at least there isn't any BTC to dump. + +FTX has, in essence, been responsible for liquidating 83,000 customer's BTC. This sell pressure was the product of illegal use of funds. That's 83,000 BTC that were intended to be held but has been dumped on the market. + +How many other exchanges have leveraged customers' assets and have been liquidated? +Full disclosure, stolen from r/investing + +Context + +What happened last week with GME stock price and option was a combination of a gamma squeeze \[1\] and infinite short squeeze \[2\]. For the first time in financial history all GME call options are in the money (ITM) because the highest call strike price set by the CBOE for Januaray 29, 2021 is $60. Note: A primer on gamma squeeze: [https://www.reddit.com/r/wallstreetbets/comments/l2t9bf/gme\_i\_think\_this\_is\_a\_gamma\_squeeze\_where\_dealers/](https://www.reddit.com/r/wallstreetbets/comments/l2t9bf/gme_i_think_this_is_a_gamma_squeeze_where_dealers/) Market Maker \[1\] are in a condition never observed in financial history. Hundred of thousands of retail are buying the GME 60C across the options calendar and MM can't hedge properly because there are not enough GME shares to buy to properly financially hedge (accounting for the interest rate to borrow) + +Market Structure + +To summarize the market structure: + +Few GME shares to hedge. + +Hundreds of thousands of are buying the GME 60C because of the infinite short squeeze. + +January 29, 2021 60C call option are the highest one on the option change for that date. + +Conditions for Infinite Gamma Squeeze & Infinite Short Squeeze + +As you may now realize --(MM and brokers) hope you don't -- there is a gap in the market structure that leaves them (MM/Citadel) vulnerable to massive losses. Infinite Gamma Squeeze Should million of retails buy the Januray 29, 2021 60C weekly on Monday, this will create an infinite gamma squeeze because MM still can't properly hedge, and are forced to buy shares at whatever price to hedge. MM doing so, forces brokers to margin call the shorts caught in their infinite short squeeze. Both conditions are pro-cyclical and feed on each other in an infinite feedback loop so long as more an more retails buy the GME 60C. There is a chance that MM can dump the shares they bought to hedged the gamma steepening and call buying \[1\]. However, doing so does not make them market neutral. It effectively turns MM into a hedge fund. SEC may allow them to get away from this momentarily. However, after the MM dump shares in an attempt to stop the infinite gamma squeeze they will be net short GME shares and unhedged/not market neutral. If after the MM dump, retails continue to buy GME shares up to the $60 price, MM will be caught in a exponentially worse gamma squeeze, which should GME go pass 60C (gamma bump) on the week of January 25, it would turn into the one of biggest tail risk event for the MM/Citidal. tldr; There is a gap in the market structure so that if millions of retails buy Januray 29 GME 60C on January 25 2021, there is a high probability of both an infinite gamma and short squeeze. This has never happened in financial history. And should millions of retail buy the January 29 GME60C 2021, the losses for MM but profits for retail will be massive. Retails could see 100000% return on their weekly GME Januray 29 call options at the highest strike price. Edit1: Apparently there may be higher call prices for the January 29 2021 option chains. Fundamentally, this analysis is still correct. Should millions of retail all choose a common higher call strike price to buy (higher than 60C), the gamma squeeze will be triggered when that prices is hit. Example: Should millions of retail buy the January 29 70C or January 29 75C, and the infinite short squeeze continues. If the GME 70C or 75C is hit, GME share price enters a gamma squeeze. What the MM are hoping for are twofolds: + +They scare retails to sell below $60. This alleviates the infinite gamma squeeze. Or; + +Retails don't all buy the same call options. But given that retail loves high risk, I hypothesize they will all choose the furthest OTM call options. + +GME at 60 is the Maginot line next week. Should it go to 75, gamma and infinite short squeeze continues. Should it fall below it, MM have won a strategic victory. Edit2: For gamma squeeze, you look at the open interest (OI) and strike price. Should the share price get close to the price with a highest open interest, that's when the gamma steepening occurs as probability goes to 1. MM have to buy shares to remain neutral as the options are now ITM. + +References + +\[1\] [https://www.reddit.com/r/wallstreetbets/comments/l2t9bf/gme\_i\_think\_this\_is\_a\_gamma\_squeeze\_where\_dealers/](https://www.reddit.com/r/wallstreetbets/comments/l2t9bf/gme_i_think_this_is_a_gamma_squeeze_where_dealers/) \[2\] /r/stocks/comments/l21gpz/infinite\_short\_squeeze\_explained\_blue\_appron\_case/ \[3\] [https://ca.finance.yahoo.com/quote/GME/options?p=GME](https://ca.finance.yahoo.com/quote/GME/options?p=GME) + +Edit 2. I know it's probably to late since this was posted but I cannot help all the actual retards in the comments and messaging me. If you do not know what 1/29 75c means, just buy shares. If you're a faggoty european, please don't ask how to trade options in your country, just buy shares. Buying GME calls is probably not for first timers. If you want to be extra retarded, Sell ITM puts and use the cash to buy OTM calls. This is not sound financial practice nor is any of this post actual advice. + +# Edit: TLDR: Buy equal value in GME shares plus 75c for 1/29 to get tendies. 🚀 🚀 🚀 +The megamerger between Budweiser maker AB InBev and SABMiller, the maker of Stella Artois and Fosters among many others, is finally official. + +AB InBev and SAB confirmed in regulatory filings on Wednesday that AB InBev is coughing up £71 billion ($108 billion), or £44 a share ($67), after AB InBev played a long game of hardball. The original bid was £38 a share. + +The deal brings production of Budweiser, Stella Artois, Leffe, Fosters, Pilsner Urquell, and many more under one roof. It also puts a huge chunk of the world's beer market in the hands of one company. +What is the difference in these 2 ETFs? I thought they were the same SXR8 then realized one is listed on the Frankfurt exchange while the other is listed on Xtera. But if it's the same etf "SXR8", why the difference in price? + +SXR8.de vs SXR8.f + +https://finance.yahoo.com/quote/SXR8.DE/ + +https://finance.yahoo.com/quote/SXR8.F/ +Hi all, +I'm thinking about buying an apartment and then renting it out. What do you think about this form of investing? +I am already investing in ETFs and I would like to try real estate as well. +Seems to me its quite a safe way to invest and if you account for property appreciation over time plus money you receive from rent the returns are quite good. +Does anyone have experience with this? Any good books on the topic? +So I'm investing FTSE All-World UCITS ETF. I've initially invested a lump sum with a plan to contribute some amount monthly or once in a few months. + +Now, since the initial buy, the price grew around > 3% (yesterday it was 4% but then corrected back a bit). + +So basically what I try to understand is how to choose a time to buy? For example today is is 0.5% lower comparing to yesterday, but maybe tomorrow it will grow 1% again :) + +thanks! + +&#x200B; +I had some MSFT stock recently vest. I got those stocks as a on-hire bonus. I live in Czech Republic and according to the law, I can either sell now and pay 15% income tax on the whole amount, or hold it for 3 years and then sell with 0% tax. + +I don’t have a portfolio (researching how to make one), and the amount is not a significant, but I would still like to make a good decision. + +From what I read, selling it and reinvesting in ETFs is better to reduce risk, but since I will build a portfolio that will be lower risk, is it still worth losing the 15% on tax? + +Also the stocks are growing a lot recently, I don’t want to buy high and sell low. + +Pls advice. +[crossposted from r/personalfinance] + +I'm currently UK resident considering moving to Greece. I am dual UK and Greek citizen, but I think that doesn't matter for tax purposes as both countries tax residency not citizenship. I have lived in the UK for more than 15 years and am therefore deemed domiciled in the UK. + +I have a large amount of unrealised capital gains (on non-UK assets) that I want to realize without paying CGT. If I leave the UK, travel for a short time, sell assets while traveling and being in a country with 0% CGT, and then enter and settle in Greece, do I escaped CGT altogether? + +For the UK side, residence rules are clear. From what I understand, if I am present in the country for less than 15 days then I am automatically non-resident and therefore not taxed (unless I return within 5 years, but let's assume I won't). + +For the country I will be while selling, I think it should be ok as I won't be resident there, but just to be 100% safe I can make sure it's a country with 0% CGT. + +For Greece: I am reading that Greece tax residence starts when you first entry the country. Does that mean that capital gains from disposal of assets that occurred before then are not taxed in Greece? + +So, to sum up, say I leave the UK in the beginning of April, go to Cyprus or Dubai or Germany (or anywhere else with 0% CGT), sell the assets to realise capital gains, then go to Greece say in the beginning of May, and only be taxed in Greece from that point onwards. Am I missing or overlooking something? + +Edit: A lot of people are saying "if it were this easy everyone would do it". It is most definitely not easy. You need to be in a country that doesn't tax non-residents and has clear rules for being a non-resident when you depart (the UK does that), then relocate to another country and stay there for at least 5 years, have no overlap between the two residences, time the relocation so that you don't spend more than 15 days during the relevant UK tax year in the UK, go to a destination country that does not tax gains before you are tax resident in it, time the asset disposal to occur during the short window between the two tax residences, and not be employed in either of the two countries during that window (so holidays would not tick the box). It is very rare that all the stars align and therefore not everyone would easily do it or even want to do it. +Next year I'll be 18, so now I'm considering my oppurtunities to invest for a long run. After summer job I'll have a spare 1k which I want to put to work. I was considering investing in to index funds with the help of compound interest. Where should I start? What brokers would you recommend? Any advice will be appreciated! I'm from Lithuania. +Hello, + +I just accepted a consulting job with a Berlin based company that uses Payoneer. As a U.S. citizen living in the States, I have bank accounts located in the U.S. Using Payoneer, there is a conversion fee to exchange Euro to Dollar when transferring to a U.S. bank for every paycheck. + +I'm curious if anyone knows of an online savings or checking account that is located in Europe (using the appropriate European bank routing numbers) that also has a U.S. connection? In other words, I'm looking for an online European bank account that can transfer to the U.S. without transaction fees. A tall order but crossing my fingers there's an answer. + +Thank you all for your help! +My wife and I collected 100K cash and want to put it somewhere for short term (2/3 years) until we find an appartment to buy with the money. Where is the best place to leave the money? + +\- Saving account are not appealing since they give basically 0% interest and it is relatively complicated to withdraw the money. + +\- Put it in a separate bank account and leave it cash? + +\- Open a brokerage account and invest it in low volatility portfolio. I was thinking something like: 55% bonds etf, 25% stocks etf, 10% commodities, 5% reits and 5% gold. How does it look? + +Inputs and constractive insults are welcome! +I've been seeing a few posts and comments on here saying that hedge funds may be trying to set up a fake squeeze in order to get paper hands and weak diamond hands to sell their shares and cover their positions without reaching MOASS levels. + +The only thing is, they can't possibly "fake" a squeeze without going into ridiculous danger zone levels that will bring them to bankruptcy and get them margin called. + +In fact, they already technically ran this play. When was this? January 2021. + +Let me explain; + +We know that in January of 2021, GME began its run up into the hundreds based off a short interest that was confirmed to be way over 100%. However, in the blink of an eye, the stock crashed back down below $100 through some absolutely shady practices; + +1. [We know through interviews with RobinHood's CEO, Vlad Tenev, that the NSCC was bribing other brokers like RobinHood to halt buying of GME for lowered or waived margin requirements.](https://www.youtube.com/watch?v=JpOgkO4qZTk) Those that did complied, and many did; stopping the buying momentum from making GME squeeze above $1000 (likely even higher). +2. [After these events, GME's "confirmed short interest" plummeted at the exact same time suspicious OTM puts in value equivalent to the shorted shares began showing up](https://www.reddit.com/r/Superstonk/comments/otn94a/can_anyone_explain_the_over_one_million_put/); proving that the shorts didn't truly closed their positions but just hid them in a way the SEC has publicly known about since 2013. +3. Then there was news everywhere that shorts had closed and that the GameStop squeeze of January was a once-in-a-million event that will never happen again... except it did twice afterwards off less and less volume each time only to be forced down once again by blatant manipulation (but the MSN doesn't like to talk about that...) + +**In other words, the "fake squeeze" play has already happened, and it very clearly didn't work or else we wouldn't be where we are right now.** + +**And while many discussions about a "fake squeeze" play portray the hedge funds being in complete control and being successful at getting people to paper-hand at "$#K" (or get people to believe that that's the peak after seeing the same # of shares from Yahoo! data be traded), we've already seen numerous times how they lose all control once the price gets above $300 and get completely desperate to the point where they have to clearly rig the system against us even further.** + +So no, a fake squeeze play won't happen for GameStop because it won't work. Once the price goes above $1K, the only thing that could stop the MOASS at that point is direct government intervention to shut down the squeeze. But if that happens, every investor in the world and a lot of long whales on Wall Street are going to be mega-pissed... + +**TL;DR: A "fake squeeze" at a price in the thousands don't work because we've already seen three times how desperate shorters are to stop GME from rising higher once it goes above $300. They will neither have the resources or the power to control GME above $1K, and the only thing stopping the MOASS after that will be the government doing something incredibly stupid.** +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 recently got a new job in my career field (IT). I'm a well paid senior level engineer and very much have enjoyed the tech world so far. Throughout my career, and increasingly so, I've been told by people I've worked with (internal to the company, external, and managers in this most recent hiring process) they think I could make a good leader in management tracks. Which I'm not against exploring further. + +However, I also have seen numerous family members rise to high levels within various orgs (from C level execs, to directors of large divisions in massive companies), and it always seems to take a big toll on work/life balance. + +I know many here are in the STEM realm, and I believe a decent amount have done/tried management. So, I'm curious about others experiences in management vs individual contributor roles. What has been good, bad, or neutral in your experience with whichever path you went? Would you do it again? +I live in a HCOL area am in the middle of an apartment search. I currently have two options, one much cheaper than the other but it comes with significant drawback: lack of a parking space. This is an area where it is very hard to find street parking, especially after work where most people are fighting for every spot in the neighborhood. In all likelihood, I'll have to spend some time every day looking for parking and it'll probably be a bit of a walk. + +Option 1 (studio): $1250/mo (15% of net income), no parking +Option 2 (1 bedroom): $1675/mo (20% net income), assigned parking, larger place + +Even with the more expensive option, I'm still well under the 30% rule but I am looking to save much more aggressively this year so I can save for a home. My question is: is this tradeoff of not having to stress about parking everyday worth it? The difference is $5k/yr and obviously when you're budgeting aggressively you have to make sacrifices, but I'm not sure at what point to draw the line. +Relevant details: + +I’m a 4th year biglaw associate at top firm in Texas. Market comp for a 4th year is $320k total ($255k base + $65k bonus). Student loan debt will be paid off by the end of the calendar year. My undergraduate degree is from a Texas private school that’s respected in the state but probably doesn’t carry much weight elsewhere (think Baylor, SMU, TCU). My law degree is from a top 25 law school outside of Texas (think USC, Vandy, Notre Dame, Emory). + +Making partner at my firm is a longshot. A realistic best-case scenario after the 8-year associate track is to stick around as counsel making around $400-450k/year. Alternately, I could probably make partner at a smaller or less prestigious firm. Income there would vary widely, with a range of probably $300k to $1 million+. + +My ultimate goal is to fatFIRE in Texas in about 15 years. Is it worth getting an MBA at some point in the next year or two if my only goal is to maximize income and NW? The part time programs in Texas aren’t the best (I envy those in SF, Chicago, and NY with access to top programs), so I most likely would only consider full-time programs. I don’t love the idea of giving up $750k in income over two years and spending $200k+ on another degree, especially if I were to just end up as an IB associate making less than I do now post-MBA. However, I’m attracted to the idea of improving my credentials and gaining access to a new network. I’d be most interested in pivoting to PE, which is directly related to my legal practice. + +Would any full-time MBA be worth it in my situation? If so, which? HBS/GSB only? Wharton, Booth, Sloan? + +Thanks in advance. + + +EDIT: Thanks everyone for the great responses. I wasn’t expecting near this level of engagement. This is great. I may reach out to a few of you via direct message at some point. +For a while now I’ve been keen on the idea of purchasing an area of woodland somewhere near where I live. + +Why? + +* I enjoy spending time in the woods, camping and walking +* It’s relatively cheap (since planning permissions mean you probably can’t build anything) +* Should be a good long term store of value +* Virtually unlimited source of firewood. Could be very useful in a doomsday type scenario. I’m no prepper, but the non-stop money printing does have be concerned about where we’re heading. + +Does anyone have any experience doing something similar? +I’m a car guy with a house and two car garage currently. I plan on collecting and storing at least two or three of my bucket list cars within the next few years. They’ll all be driven only occasionally, no daily drivers. I’ve been contemplating what’s the most cost efficient way to store these cars? + +The main restriction is that my wife and I each have our own daily drivers we’ll need to keep and preferably garage. Our thoughts was to eventually upgrade to a house that had at least a 3 car garage that can support additional lifts. However most houses with 3 car garages around here (Austin, TX) comes with massive square footage we would never use. + +My second idea was to buy some land nearby and install just a garage/storage. I’m finding that most areas have restrictions to build a residential building of some type as well. The third is to buy a commercial garage unit or “garage condo” being built around here. Not looking forward to paying HOA or commercial utility fees. + + For the car enthusiasts I currently have a 1992 Acura NSX that was on my bucket list. It’s sitting in the garage but thinking about renting self storage for the time being. I plan on buying a Porsche 997 cab and possibly a 04-05 Subaru WRX STI to complete the list. + +https://imgur.com/vgH07g9 + +Any other ideas I’m missing would be very welcomed, Thanks in advance! +I anticipate hitting my fatFIRE number of $5M within the next 1-2 years. I currently manage all my own assets and do my own taxes. I enjoy spending time managing because I understand where every penny goes, but I also feel like I might be leaving some money on the table by not hiring a professional. For example, I could probably be doing more with tax advantaged retirement accounts. + +Do you manage your own wealth still? At what point do you think it makes sense to hire a wealth management firm? I’m talking to Fidelity but not sure if their fee is worth it (1% of AUM). + +If you leverage one, have you seen good returns with them? Have any bad experiences? Did you learn anything eye opening with them? + +Single, male, not married, no kids, no house (still renting). +Ok, so super weird question, but I'm curious what other people think about the technological singularity and it's relationship with our FI/RE plans. + +For those not aware what the singularity is, [this series](http://waitbutwhy.com/2015/01/artificial-intelligence-revolution-1.html) is a fantastic primer on it, but in short, it is the idea that artificial intelligence will grow to a place where it will be able to gain generalized intelligence (like humans have) and in turn use its superior processing power (when compared to the human brain) to design and do close to anything that it wants within the constriction of the laws of the universe (which could be very good if it is designed to improve medicine, make inventions, or very bad if it is designed without consideration of human morals). +Most people who directly do work with AI believe that the singularity is an inevitability and will occur sometime this century ([2022-2075](http://waitbutwhy.com/2015/01/artificial-intelligence-revolution-2.html) is the 90% confidence interval offered by participants at an AI conference). + +Basically the end outcome that will rapidly be put in motion after an indefinite period of time will either be close to infinitely good or catastrophic to human beings in a way that isn't differentiated by individuals. Where this connects with FI/RE is the concept that given these polarized outcomes, saved money (and net worth in general) wouldn't really matter in terms of life's enjoyment (you would either be dead or have access to close to any resource that you want) after the singularity hits. + +Obviously, it seems inherently risky to completely alter FI/RE plans based on this concept (especially given the unknown timeframe), but if a person does believe it will happen, and there is significant evidence and thought in the AI field that it will happen, it would be irrational to not at least consider it when financial planning. + + +There are two different distinct ways that I can see this affecting a FI/RE plan. + + +The first proposed change would be to lower the threshold for net worth required to FI/RE. Less overall years would be needed to sustain because of singularity inevitability, so you could plan a retirement that while not infinitely sustainable, allows you to add more years of your life where you can live work-free before the singularity does hit. + +The second change would be to ignore many of the concepts of FI/RE and save less overall in order to experience a happier life in the present, with the assumption that retiring earlier doesn't matter as much as a post-scarcity economy after the singularity would be equivalent to retiring early. If the singularity hits before the early retirement date, all the money that is saved for down the road is wasted in terms of the utility it could have added to your life earlier. + +I'm interested if anybody else has thought about this (and hopefully this didn't come off as too outlandish to those who haven't heard much about the subject). +First about my FIREd co-worker. You can tell a 1000 lb weight has lifted off his shoulders. He laughs a lot more. He knows he only has a few more days at the company and you can tell he has that slight "give a shit" edge to him. Not that he'd let his work suffer. He has too much integrity for that. We all went to lunch yesterday--he usually never comes--but he came! I teased him that he was the new "Retirement Firstname". "Retirement Firstname" goes to lunch. "Retirement Firstname" doesn't have to go that stupid meeting. He just laughs. + +I asked him when he knew he was going to quit and he said it was after his last review. :( It's a bit of a shame. He does good design work, but doesn't play the corporate BS game. But I guess he got the last laugh. + +I asked what he was going to do that first Monday when normally he'd go into work. He said "I don't know. Sleep in. Probably go for a run. I'm excited I get to go in the morning instead of doing it later in the day when it's hot. Maybe then I'll go the beach. Take a two hour lunch." God, he just seems so relaxed. And happy. + +In addition early retirement has been THE big topic around our department. One co-worker said "I'm also 38. I don't like that you're using the word retirement." I was quick to chime in: "Retirement doesn't mean old, it just means you've been smart with your money. There are plenty of old people who can't retire!" + +There's one young (20s) female co-worker who says "I clearly have to re-evaluate my life. Then I could retire in 10 years!" I said "Yes, for real, you really could!" She and her husband are actually pretty smart with their money already. They don't have kids yet and don't know if they want them, and her own parents FIREd when she was in middle school when her dad sold his successful business. In the past I worked the 4% SWR into conversation and I directed her to GCC once (she really wants to travel to Cuba). I think she finally gets it. YES. + +Then there are others who totally don't get it at all. Another co-worker was just completely clueless about the whole thing. She told her husband that her same-aged co-worker FIREd and he said "Honey, our cars are paid off, and I can cover our bills, you can retire too!" She said "I can't do that, what if something happened to my husband?" + +Me: "That's what life insurance is for. It sounds like you could quit if you wanted, but you should probably have life insurance regardless." + +Her: "No, just no. It wouldn't work. I'd need something that provided income. Like [co-worker's] rentals." + +Me: "Well, that's one way to do it. I have rentals too. But if you had a lump sum invested--like an insurance payout--you'd be ok as long as the payout was enough. And term insurance is cheap for a young healthy guy like your husband. I'd never have to work again if something happened to my spouse because we have life insurance." + +Co-workers then tease me that my husband is one wrong move away from me offing him. *sigh* + +Seriously, it's like the dam broke on money conversations. Found out another co-worker (early 30s, single guy) has his house paid off. But he recently bought a car and has a car payment. Found out my boss (mid thirties guy, married with 2 kids) used to have a bunch of student rentals, but sold them all when he moved states. + +It's all been fascinating as hell. +A ton of Bitcoin services tries to localize to every language. The problem with that is that they often don't do it correctly. Even if the translation is *technically correct*, it still may not sound fluent. + +These things things do make a difference. **In Germany, shitty translations are strongly associated with scams.** (Probably elsewhere too, but I can't speak for that.) **If you can't get your localization perfect, don't localize to German**. Most people know English. If they don't know English, they are likely older and already sceptical towards Bitcoin. If it's English, they might go away because they don't understand it. If it's shitty German, they *will* go away because it feels like a scam, and they will associate Bitcoin with it. + +Coinbase is advertising an "**Unreliable solution**" (instead of trustless solution) and "**Busy function**" (the English term is "feature full", which is supposed to mean "full of features", but they translated it as "the feature [is] full [of something]". + +**Do it right, or Don't. Fucking. Localize. To. German.** I suspect the same also applies to Nordic countries (and any other country where English is wide spread). For countries where most people don't know English (e.g. Spain, I think), sure, translate and translate shittily if you really can't afford to get it right (it probably pays to get it right, though). For countries where people speak English, just use English. The benefit even from a perfect translation might not be worth it, and a bad translation *will* hurt you. + +Examples why you need a really experienced translator: It is often a better idea to use English words than to try to find German equivalents. If you're writing about a technical topic - even to an inexperienced audience - and there are no English words, you're likely doing it wrong. There are also technical terms that need to be translated correctly - for example (bad example since it's not really true anymore), a "shopping cart" in an online store should be translated as Warenkorb (~shopping basket), not Einkaufswagen (shopping cart) and certainly not "Einkaufskorb" (different word for shopping basket). Depending on what you do, it will just sound weird, make people *think* to figure out what you meant, or make it impossible to figure out. + +An anecdote: +I've often met people from other languages who are surprised I use a localized OS. The reason is that the German localization is *good*, the localizations for their languages are so shitty that anyone who speaks English uses that instead. +Hey everyone I’ve been investing a large amount of my portfolio into H&R Reit. I still cannot figure out why the stock price is so beat up when they have collected 88% of rents in july, lowered their distribution, and have more then enough cash on hand to survive. Does anyone wanna share their opinion? I personally think this stock is a steal and a easy double up on money in the next two-three years when factoring in stock appreciation and dividends. + +https://www.newswire.ca/news-releases/h-amp-r-provides-business-update-announces-senior-executive-appointments-amp-retirement-862149765.html +•Shows rent collections. +•The stock is trading around $10 and is down about 54% ytd. +What period in history was the most similar to ours? Chronic low (even negative) interest rates, high stocks, and crazy real estate highs? + +And how did that period ended? +Hello Everyone + +I used to work at Walmart as a high school student (during 2005-2008) for a total period of approximately four years. I recall while working, a senior employee advised me to enroll in the employee stock purchase plan because the company would apparently contribute a certain percentage along with your contribution towards purchase of their stocks upto a certain amount. I enrolled and then forgot about it. The only confirmation I remember that I was enrolled was that I could see the deductions from my paycheques. When I left Walmart, I did not bother with the stocks at the time, thinking I'll leave them to accrue value and see at a later date. + +Fast forward over a decade, I have no clue on how to actually access those shares. I don't have any records of my time at Walmart, and I certainly don't have the employee ID etc. to gain access online. I tried contacting computershare (which handles walmart stocks) but haven't heard back from them. + +My question is: Is there a chance that because I disappeared for over a decade that those stocks I had have been dissolved or taken back by the company? + +Update: I spoke with computer share and they weren’t able to find my account. However the representative advised me to speak with unclaimed property services since so much time had passed. After doing an online search, I found the shares and am now in the process of reclaiming them. I actually don’t know the amount, it’s simply listed as greater than $50 USD in value. Thanks everyone. +Hey everyone I’ve been investing a large amount of my portfolio into H&R Reit. I still cannot figure out why the stock price is so beat up when they have collected 88% of rents in july, lowered their distribution, and have more then enough cash on hand to survive. Does anyone wanna share their opinion? I personally think this stock is a steal and a easy double up on money in the next two-three years when factoring in stock appreciation and dividends. + +https://www.newswire.ca/news-releases/h-amp-r-provides-business-update-announces-senior-executive-appointments-amp-retirement-862149765.html +•Shows rent collections. +•The stock is trading around $10 and is down about 54% ytd. +(Shameless PLUG: Follow me on Twtter for more GME fun: [https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) ) + +**NAVIGATION:** + +[BBC Part 1](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/) + +[BBC Part 2](https://www.reddit.com/r/Superstonk/comments/nzrtsq/billionaires_boys_club_part_2_the_inner_circle/) + +[BBC Part 3](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) + +[BBC Part 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) + +[BBC Part 5](https://www.reddit.com/r/Superstonk/comments/o16cbm/billionaires_boys_club_part_5_the_foundational/) + +&#x200B; + +Ok, you apes got me all riled up now after the positive reaction to my last post ([Ref Boys Club Part 1](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/)) so I've decided to keep digging. + +Let's start with Our New Super Villian Michael "Milky" Milken: + +&#x200B; + +https://preview.redd.it/7li64nzrk9571.png?width=220&format=png&auto=webp&s=1bcde810dc36c5dda25784896d52d37d983b9dcb + +Disclaimer: I'm Irish and have no real interest in American pol itics, so I know once I mention this shit's gonna get political, but lets try and not... + +We're all Apes, we're all here for the Stonk... not for Poli tics. + +So... TR UMP pardoned this guy on 18th Feb 2020. + +What struck me about this, was that he had 33 people lobbying Tr ump to get his Pardon. ([Ref New York Times](https://www.nytimes.com/2020/03/01/business/michael-milken-trump-pardon.html)) + +Now, when you click on the link to get the White Houses statement on who these 33 people are, it brings up a 404 error... The statement no longer exists! + +But luckily, this Ape has heard of the way back machine! + +So using the way back machine, we can get the 33 names. ([Ref Wayback Machine](https://web.archive.org/web/20200313203638/https://www.whitehouse.gov/briefings-statements/statement-press-secretary-regarding-executive-grants-clemency-2/)) + +* **Dr. Miriam Adelson -** Married to Sheldon Adelson +* **Sheldon Adelson -** Tru mps Largest Donor, Casino Tycoon, 28th Richest Person in the world +* **David Bahnsen -** Founder of the Bahnsen Group - Private Wealth Management Firm +* **Tom Barrack** \- Founder of REIT company Colony Capital +* **Maria Bartiromo -** Fox News Financial Journalist +* **Ron Burkle -** Founder of The Yucaipa Companies LLC a Private Investment Firm +* **Secretary of Transportation Elaine Chao -** Politician +* **William Ford -** Seriously? Yes, this is the executive chairman of Ford Motors +* **Josh Friedman -** Screenwriter. Wrote the Terminator Movies. Confirmed Simulation. +* **Rudy Guiliani -** Think we all know Rudy +* **Josh Harris -** Founder of Apollo Global Management - Investment Firm +* **Rabbi Marvin Hier -** Founder of the Simon Wiesenthal Center +* **Ray Irani** \- CEO of Occidental Petroleum +* **Robert Kraft -** CEO of The Kraft Company +* **Richard LeFrak -** CEO of LeFrak - One of the biggest landlords in New York +* **Randy Levine -** President of the New York Yankees +* **Howard Lorber -** CEO of Vector Group Ltd - A holding Company +* **Representative Kevin McCarthy** \- Congressman +* **Larry Mizel -** EC of MDC Holdings (+ Chairman of Simon Wiesenthal Center???) +* **Arte Moreno** \- Owner of Anaheim Angels +* **Rupert Murdoch -** Again... Seriously? +* **Sean Parker -** WTF? +* **John Paulson -** Oooh Hedgie #1 - Founded Paulson & Co. +* **Nelson Peltz -** Founder of Trian Fund Management - Investment Firm +* **Steven Roth -** Founder of Vornado Realty Trust - The Largest New York Landlord +* **David Rubenstein -** Yup. CEO of The Carlyle Group +* **Larry Ruvo -** VP of Southern Wine and Spirits of Nevada +* **Marc Stern** \- Chairman of the TCW Group - Asset Management Financial Institution. +* **Steven Tananbaum -** Hedgie #2 - Founder of GoldenTree Asset Management +* **Ted Virtue -** CEO of MidOcean (Prior CEO of DB Capital Partners with Oversight of Deutsche Bank) +* **Andrew von Eschenbach -** FDA Commissioner +* **Mark Weinberger** \- CEO of EY (Board of Directors at Metlife) +* **Gary Winnick -** Founder of Global Crossing + +So fuck me Apes... + +This guy has some friend list willing to go to bat for him right? + +Can't even count the amount of Billionaires up there and this is just the list of people issued in the official Whitehouse statement (That mysteriously no longer exists) + +**So... on with the connections.** + +Let's cross-reference our hedgies with our favorite stonk. + +John Paulson Hedgie #1 - Does not have a position in GME according to latest 13F. + +Neither does Hedgie #2, though he does have a small up of a million shares on AMC + +&#x200B; + +**How about our investment firms?** + +Josh Harris at Apollo Global Management decided in Q1 of 2021 that he would trade GME for the first time with a small put position of 150,000 Shares. ([Ref Holdings](https://whalewisdom.com/filer/apollo-management-holdings-l-p#tabholdings_tab_link)) - Similar Timing to Sessa Maybe? + +But other than that... not a whole load more to report. + +&#x200B; + +**How about connections to Kenny Himself?** + +Well there's a SHITLOAD of that... + +Here's just 1 article, referencing 6 of our 33 hitlist in addition to Kenny himself referencing donations to the Repu blican party. (Again... I'll try keep po litics out of this, but this is establishing connections) + +[Reference Forbes Article](https://www.forbes.com/sites/windriver/2021/05/07/open-source-brings-collective-creativity-to-the-intelligent-edge/?sh=7f6db7ab321a) + +(Can you spot all 6?) + +I'm not going to go through ALL of it as there is WAY too much, but it's safe to say... there are a lot of connections + +But here are a few examples to wet your confirmation bias... + +[Elaine Chao and Kenny hanging out at a Milken event with "The worlds most powerful thinkers"](https://www.reuters.com/article/cbusiness-us-milken-conference-trump-idCAKBN17Y26U-OCABS) + +[Kenny, David Rubenstein, Mark Weinberger, Steven Tananbaum all hanging out at the Milken Global Conference in 2017](https://milkeninstitute.org/events/global-conference-2017/speakers) + +[Kenny buys Rupert Murdochs ex Wife's House](https://www.chicagobusiness.com/residential-real-estate/what-will-billionaire-ken-griffin-build-his-huge-palm-beach-estate) + +(Can't make this shit up) + +\+ This Milken Institute seems to be central for a lot of these guys... + +ANYWAY.... + +\---------------------------------------------------------------------------------------------------------------------------------------------- + +On to the shit we care about. + +We've established that there's a Billionaires Boys Club and Kenny is Part of it. + +So let's take the Sessa and Apollo pattern and see if we can expand on it. + +What are we looking for? + +Companies that own Puts, that first reported ownership in Q1 2021 and that have not hedged. + +This gives us this list: + +**Taconic Capital Advisors:** 537,900 shares valued at $102 million + +**Hound Partners LLC:** 241,500 shares valued at $45.8 million + +**CMT Capital Markets Trading:** 241,500 shares valued at $45.8 million (Sounds familiar) + +**Millennium Management LLC:** 163,400 shares valued at $31 million + +**Apollo Management Holdings:** 150,000 shares valued at $28.5 million (We know who this is) + +**CSS LLC:** 71,000 Shares valued at $13.5 million + +**Jefferies Group LLC:** 48,000 shares valued at $9 million (Jefferies? WTF) + +**Ionic Capital Management:** 20,600 shares valued at $4million + +There's more... but that's enough for now. + +\--------------------------------------------------------------------------------------------------------------------------------- + +The second biggest NEW put position is **Taconic Capital** + +Founder of Taconic, is Frank Brosens. + +Frank Brosens was invited to speak at the Invest for Kids Event in Chicago... + +As was Kenny + +As was Milken + +Reference: [Invest for Kids Event Speakers list](https://investforkidschicago.org/past-speakers/) + +\--------------------------------------------------------------------------------------------------------------------------------- + +3rd biggest NEW position without a hedge falls to **Hound Partners** + +Couldn't dig up a lot here except this suspiciously convenient article about Kenny having a CURIOUSLY passive stake in TiVo along with Hound Partners, both in a stock that is "Not exactly widely followed" + +[https://www.institutionalinvestor.com/article/b150y1tj6mwz2w/citadels-curiously-passive-stake-in-tivo](https://www.institutionalinvestor.com/article/b150y1tj6mwz2w/citadels-curiously-passive-stake-in-tivo) + +On the OTHER HAND... + +(This shit gets crazy) + +Hound Partners was funded by a company called Tiger Management. + +Tiger Management was founded by Julian Robertson + +And... I really can't believe I am saying this but... + +Kenny's Ex-wife, Anne Dias, Managed Money for both Kenny and Julian Robertson!!!! + +WTF... THE ACTUAL FUCK + +Reference: [https://www.wsj.com/articles/female-hedge-fund-veteran-has-contemplated-a-comeback-11559122201](https://www.wsj.com/articles/female-hedge-fund-veteran-has-contemplated-a-comeback-11559122201) + +I don't subscribe to WSJ, so only reading the headline... LMFAO + +\--------------------------------------------------------------------------------------------------------------------------------- + +Next up to get knocked down... + +**Millenium Management Company** Run by Israel Englander + +Again... a suspiciously convenient example of Citadel and Millennium working in parallel with each other dumping FireEye Shares. + +Reference (Warning... this is a motley fool article. Proceed with Skeptisism. [Link)](https://www.fool.com/investing/2016/05/26/these-billionaires-just-dumped-more-than-1-million.aspx) + +&#x200B; + +And yet again... Milken Global Conference 2010 with Milken, Kenny and Englander + +[https://milkeninstitute.org/article/2010-milken-institute-global-conference-brings-world-leaders-los-angeles-foster-ideas](https://milkeninstitute.org/article/2010-milken-institute-global-conference-brings-world-leaders-los-angeles-foster-ideas) + +\--------------------------------------------------------------------------------------------------------------------------------- + +**Apollo** we already discussed. + +But another cross-referencing showed up this article that has Marc Rowan (Apollo Founder), Kenny AND Julian Robertson all donating to Mitt Romney + +[https://www.forbes.com/sites/briansolomon/2012/02/01/billionaires-private-equity-ceos-give-big-to-romney-super-pac/?sh=5a6b52443568](https://www.forbes.com/sites/briansolomon/2012/02/01/billionaires-private-equity-ceos-give-big-to-romney-super-pac/?sh=5a6b52443568) + +&#x200B; + +And more form the Apollo leadership team heading out to hang out with Milken and Kenny in 2015: [https://www.cnbc.com/2015/04/24/milken-time-wall-street-jets-west-for-davos-with-palm-trees.html](https://www.cnbc.com/2015/04/24/milken-time-wall-street-jets-west-for-davos-with-palm-trees.html) + +&#x200B; + +\--------------------------------------------------------------------------------------------------------------------------------- + +&#x200B; + +**CSS LLC** was a much tougher nut to crack. + +Smaller company. Smaller position. + +Finra does have a check on them though ([Ref: LINK](https://brokercheck.finra.org/firm/summary/45980)) + +And it shows a single Director: Peter Anthony Ianello + +After doing some solid Googling, it turns out he goes by Peter Ianello and is actually the founder of a different company... OCA Ventures. + +I searched them for a 13F, but doesn't exist. (Ref: [https://whalewisdom.com/filer/oca-ventures-llc](https://whalewisdom.com/filer/oca-ventures-llc)) + +But they are out of Chicago and both Kenny and Peter made it to the Chicago 100 list: + +[http://tullman.blogspot.com/2014/06/who-made-list-techweek-chicago-reveals.html](http://tullman.blogspot.com/2014/06/who-made-list-techweek-chicago-reveals.html) + +A cross-reference with Milken shows that both guys are listed as business speakers for events... but that's meh... + +That's all I could get for this one... but I am even more suspicious of these smaller funds. + +\---------------------------------------------------------------------------------------------------------------------------------- + +**Ionic Capital Management** was a hard nut too + +Founders were not listed in Linkedin, but I found [an article](https://www.globalvolatilitysummit.com/sponsor/ionic/) listing 3 Co-Founders for the company: + +Bart Baum + +Adam Radosti + +Daniel Stone + +&#x200B; + +YET AGAIN... another article talking about Kenny and one of these companies making unusual plays. + +Here they talk about Citadel And Ionic (Specifically just these 2) being bullish on a company called Verb. -- ONLY 4 hedge funds in total were trading this company!!! + +Ken created the largest position and Ionic had the highest weighting. + +And weirdly... in the article... it says both companies had $0 million as their position. lol. WTF. + +Reference: [https://newsfortomorrow.com/index.php/2019/12/22/hedge-funds-have-never-been-this-bullish-on-verb-technology-company-inc-verb/](https://newsfortomorrow.com/index.php/2019/12/22/hedge-funds-have-never-been-this-bullish-on-verb-technology-company-inc-verb/) + +And here... Millenium, Citadel and Ionic all mentioned in a poorly timed position in LATAM Airlines + +[https://www.insidermonkey.com/blog/these-hedge-funds-couldnt-pick-a-worse-time-to-buy-latam-airlines-group-ltm-823467/](https://www.insidermonkey.com/blog/these-hedge-funds-couldnt-pick-a-worse-time-to-buy-latam-airlines-group-ltm-823467/) + +Another unusual trade in NASDAQ:AVCT mentioning Citadel, Ionic and Millenium... + +[https://www.insidermonkey.com/blog/these-hedge-funds-couldnt-pick-a-worse-time-to-buy-latam-airlines-group-ltm-823467/](https://www.insidermonkey.com/blog/these-hedge-funds-couldnt-pick-a-worse-time-to-buy-latam-airlines-group-ltm-823467/) + +Another unusual trade for NASDAQ:GSMG mentioning Citadel, Ionic and Millenium... + +[https://topnasdaq.com/is-gsmg-a-good-stock-to-buy-now/](https://topnasdaq.com/is-gsmg-a-good-stock-to-buy-now/) + +&#x200B; + +This list goes on... but I think you get the picture... + +Been writing and researching this for a good few hours now, so I hope you find some entertainment in it. + +I think the point is clear... and something we all knew all along. + +There is 100% a Billionaire's Boys Club... but it's still fun to connect some of the dots! + +Feel Free to add me on Twitter: + +[https://twitter.com/PaulAllenTweet](https://twitter.com/PaulAllenTweet) + +&#x200B; + +EDIT: Part 3 on the way... Let's get a little more solid in the connections this time. + +&#x200B; + +EDIT: Part 3: [https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires\_boys\_club\_part\_3\_the\_big\_boys\_i\_just/](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) + +&#x200B; + +**BIG FUCKING EDIT: ALL MARKET VALUES ARE AS PER 31ST MARCH 13F FILING DATES** +A very sudden medical expense has occurred that will basically wipe out all my savings, knowing that I’ll have to pay rent and other mandatory bills, how can I best present this situation to my bank and what are my best options? +I’m not sure if it’d be wise to make a move here. Home was appraised at 167k and I paid 107k for it 4 years ago. Should I consider selling it and upgrading? Should I rent it and upgrade? Should I hold on and hope it goes higher? I have no one in my life who’s smart with money so I really don’t want to mess this up. +I’m not sure if it’d be wise to make a move here. Home was appraised at 167k and I paid 107k for it 4 years ago. Should I consider selling it and upgrading? Should I rent it and upgrade? Should I hold on and hope it goes higher? I have no one in my life who’s smart with money so I really don’t want to mess this up. +Seeing so many people increasing personal wealth over this pandemic has caused me to become even more serious, so here is my (meager) net worth so far.. as of July 2021. I'm a 32-year-old beginning my third year of teaching in CA. + +&#x200B; + +Income: 67K, but increasing to 73k for 2021-22 school year + +Take-home pay: $4,300/month over 12 months + +Emergency Fund: 15.5K; 14K in HYSA (8.5 months atm) + +Home savings: 6.6K, also in a HYSA + +Wedding Fund: 5K + +Vacation Fund: $550 + +Car Repair Fund: $100 + +CALSTRS Retirement: $12,647.43 (12.5% of gross pay) + +Roth IRA: $2,983.46 + +Checking Account: $1,500 + +Debt: 0 I owe nothing to anyone!! + +**Net Worth: $44, 982.89** + +Will also be getting a stipend for coaching football (between $2800-3200), and an additional $1,500 for teaching during a pandemic. + +Not bad for someone who has spent the last two years basically splitting paychecks between rent and school tuition (out of pocket)!! + +Any suggestions for increasing net worth? I have picked up a second job to help increase cash flow. + +&#x200B; + +Goals: + +10K in wedding fund by Sept 2021 + +EF increased to 20K by Jan 2024 + +Between 60-80K saved for a down payment, and 10K in closing costs by Jan 2024 + +Minimum of 1.5 Million in retirement by age 65 + +Edit: Monthly expenses/savings + +Take-home pay: $4,300 + +Rent: 1525 + +Gas for Car: 100 + +Cell Phone: 62 + +Utilities: 50 + +Charitable donation: 45; will be cutting this at EOY + +Chiro: 40 + +Fun Money:40 + + +Personal: 30 + +Total Expenses: 1892 ** For the EF, I can cut everything below Utilities; 8.5 months if I lost my job.** + +Savings: + +EF:300 (will now be going towards future closing costs) + +Wedding: 2050 (in 2.5 months, will be putting this towards home down payment) + +Car Repair Fund: 50 + +Total Savings: 2400 + +8 dollars left at end of the month. +FedEx CEO Raj Subramaniam told CNBC’s Jim Cramer on Thursday that he believes a recession is impending for the global economy. + +“I think so. But you know, these numbers, they don’t portend very well,” Subramaniam said in response to Cramer’s question of whether the economy is “going into a worldwide recession.” + +The CEO’s pessimism came after FedEx missed estimates on revenue and earnings in its first quarter. The company also withdrew its full year guidance. + +Shares of FedEx fell 15% in extended trading on Thursday. + +“I’m very disappointed in the results that we just announced here, and you know, the headline really is the macro situation that we’re facing,” Subramaniam said in an interview on “Mad Money.” + +The chief executive, who assumed the position earlier this year, said that weakening global shipment volumes drove FedEx’s disappointing results. While the company anticipated demand to increase after factories shuttered in China due to Covid opened back up, it actually fell, he said. + +Read the full article: [https://www.cnbc.com/2022/09/15/fedex-ceo-says-he-expects-the-economy-to-enter-a-worldwide-recession.html](https://www.cnbc.com/2022/09/15/fedex-ceo-says-he-expects-the-economy-to-enter-a-worldwide-recession.html) + +FedEx (FDX) CEO Raj Subramaniam said he expects the economy to enter a global recession. He also said “We are a reflection of everybody else’s business". FDX recently reported missed earnings and withdrew its 2023 guidance. Do you agree with Subramaniam? +Something I've been struggling to wrap my head around is how automation and other technological changes may impact our society over the long time frame of my potential early retirement, and how that would impact my finances during an extended retirement. + +In the event that 30-60% of jobs become automated over a twenty year stretch without a corresponding creation of an equal number of new jobs, what happens to our society, our economy, our stock market, etc? + +If we have a decade or two of a rough transition to a highly automated society where we have persistently high unemployment, low-to-no wage growth, how does the stock market react? Does it continue to average the historical 7% returns, or does it look a lot like Japan's stock market since 1989? If so...How does that impact our FIRE plans? Were stocks in Japan still paying good dividends over that time period? + +My questions for the community are: +Is this something you're considering in your retirement plans? + +How do you think it will impact your plans, if at all? + +Is Japan a good template for what this could look like, or a bad template? If yes, how does FIRE planning look using the Japanese stock market as a template? + +Thanks for any and all input! + +*Edit: Just to get ahead of something: I'm not talking about preparing for a doomsday situation where you're worried about class warfare where the poor and needy come to kill you, eat your family, and steal the gold you have buried in your back yard! I'm more thinking about a situation of protracted economic stagnation and/or anxiety in the world markets! I didn't mean for this to look like a Financial Independence: Doomsday preppers crossover post!* + +*Also just to clarify: I'm thoroughly on the FI bandwagon. This is not meant to be a tear down post of the community! I'm just interested in hearing people's opinions on a topic I'm still learning about!* +How many of you have left tax deferred savings on the table in order to increase your liquidity? How did that work out for you? + +We have $400k+ in tax deferred savings but we are rather illiquid (four month emergency fund but nothing more). We have no extra money to start a side hustle, buy a rental property, or otherwise invest. We've decided that we are willing to pay 15% (but not 25%) income tax. We are decreasing our annual 401k contributions from $36k to $28k (putting taxable income at $75k for an MFJ couple), and we've stopped paying extra towards our mortgage principal. These measures will yield an extra $12.5k in liquid cash annually. $20k+ over the next two years will allow us to start a side hustle or two and buy our first rental property. We've decided this is the right path for us, but damn it's hard to leave a tax-deferred benefit on the table. +I'm sure many people have this same issue. I'm still not fatFire, but I work on my own and I'm sure we share the same issues. + +When you don't have a job that demands you interact with people, which kind of hobbies/activities do you partake in that will make it easy to meet new people? +I always put the pedal to the metal in my working years: working hard, saving money, etc. I never took a gap year. + +A young cousin recently asked my advice about taking the gap year and I was frozen. To me, a gap year at youth in luxury entertainment. + +I do recall a friend who took half-year off after 7 years of high-stress work to recharge himself. Any other high-achiever in my network never took a gap year. I'm curious to hear those who hit FatFIRE, have you ever took a gap year? + +Would you recommend your kids take a gap year **during work years**? If so, when and under what circumstance? + + +PS. Edited: I meant taking a gap year during your work years (switching jobs, for example), especially 20s or 30s. +This is something I'm a little unsure about. Currently I don't give enough and I know it but once I reach my fire goal I would like to step that up. What I'm torn on though is part of me wants to donate extra money I can make above and beyond my means with my passive income but the other part of me thinks it should be reinvested. Also at the moment I'm not planning on having kids so if I can reinvest and grow it and then ultimately I can have more to give in my will to charity due to compound growth. + +So for those who have achieved fat fire or plan to, what does your charitable contribution plan look like? +Too often, I hear people say things like "I'm going to invest in a nice pair of shoes." No, that is a purchase. The rule of thumb, "buy nice or buy twice" is totally valid, but it is still a purchase, not an investment. I believe forcing these two terms to be interchangeable is used too often to justify spending money that could otherwise be saved/invested. +There is nothing wrong with buying for comfort, but please get away from thinking these purchases are investments. If they offer no quantifiable return - they are not an investment. +A bit of a rant but it does really concern me when I talk to my friends that are already tight on funds then say things like "I need to invest in a new jacket, new purse, new shoes, etc." If you really need one then sure, buy it, but don't confuse the two and create some sort of mental return on something that's not an investment. + +Thoughts on this? I've only started to hear this the past few years or so but it seems to happen a lot, at least in my circles. +Dilemma, dilemma. Just ran the numbers and my all in cost to attend the upcoming bitcoin conference in Miami would be about $5000. I’ve got the money, and I would like to attend. But then again, picking up some more sats would be nice too. Thoughts? + +EDIT: What an overwhelming response. And, in going through all of the comments (which I did and appreciate) - the consensus is: Buy the BTC. Which I will do. It was good to hear all feedback both positive and negative about the ‘value’ of the conference…thanks to all. +A couple of months ago, I needed to call my bank. I called the number on the back of my debit card. + +It sounded like a genuine call. I was greeted by the bank and everything. Except, they were giving me an offer that didn't sound too bad and very believable. The offer was something like this: there is a special going on for a product? for $20. I pay and get a $30 coupon in the mail for trying it out. Something like that. I don't remember. + +I figured, why not give it a shot then? So they ask for my personal information to verify me. And then it dawned on me... maybe this isn't the bank? It sure sounded like my bank, but it just felt off putting. + +I double check the number I called and sure enough, I pressed 1 wrong digit. 1 wrong digit is all it took for me to think that my actual bank answered. I quickly hanged up and redialed to the correct number. + +Who knows how screwed my account would've been if I gave this scammer my bank info. + +Edit: He asked for my social security to verify my account and also wanted my debit card. I didn't give him anything. +Hey guys, + +Have been quietly studying my brains out and lurking for about 6 months, have made a few smaller trades that actually worked out reasonably well and was proud of how I stuck to strategy. But most of these have been finding stocks from others watchlists and being able to recognize the patterns and factors behind them. Finally after months these things are starting to click, and it feels great. + +My main issue is when it comes down to metrics and being able to spot stocks on my own, or understand how to come up with a good scan. I think the problem is that while I understand the concepts behind float, volume, and market cap - I don't have a clear sense of the actual ranges that differentiate one from another and make one 'tradeable' or not. I also have a growing sense that those ranges probably are differing slightly under the recent market conditions. + +Does anyone have any advice/tips for getting a better orientation around the numbers and ranges for these metrics and how they pertain to evaluating their effects on a ticker? + +Thanks for reading and being a great active community from which I have gained much. +Just a quick post amongst my peers making a go at this. I was having a great week learning the ropes, only following my patterns. I was up $60 for the week trading only $100 worth of stock at a time. + +Then EYES news came across the chats and I saw that baby going up and up and FOMO got the best of me. I scalped a win and then I wanted more. + +That’s when it all broke down. I started losing big. Then I went and upped quantity trying to get it back just killing my self every time. Before I knew it I was full tilt not even thinking straight and just entering into any trade trying to get that money back. + +I am trading in very small quantities right now as I learn and solidify my strategy. I didn’t lose a lot in the large scheme of things but it threw me off for the rest of the day with shame of breaking my rules, losing, and knowing better. I know in my head to not chase stocks at all. But it just looked too good. I am glad to learn this lesson now because it messed me up mentally and emotionally for the rest of the day. It could have been so much worse if I was trading large quantities. + +I don’t have a local community to talk about these things so I thought I’d post here. Resist the urge! The one time you win is not worth all of the times you will lose big. Stick to your strats! +I'm not going to dive deep into all the details but I watched and heard most of today's hearing and thought it went fairly well except for one or two old dinosaur clowns who wanted to be funny and just brought negativity. + +The short is this. + +* Gary Gensler took a beating. The witnesses and some members of the committee over emphasized the need for less interpretation but instead more guidance being needed to be provided by the SEC. +* To no ones surprise Replublicans argued that regulation would move this tech away from America. Democrats argued defending and protecting consumers. (please spare us all your personal feeling toward party) we just don't care. +* The lady who called the hearing is concerned how fast the industry is growing and is bothered by celebrities endorsing crypto. I agree with her on the 2nd part. We don't need these clowns on tik tok or you tube telling people to invest on etheruem max for their one shot to the moon. BTW whatever happened to that shit coin? +* The big topic was stable coins and we knew this. There was also talk of a CBDC but stablecoins were the hot potato talk. That seems to rub some of these old people wrong. +* Personally I thought many of the MoC were prepared and had done their research. Some even seemed excited to be discussing and learning about block chain, Stable coins, bitcoin, Ethereum, Stellar, FTX and more. They even talked NFT's. I wished they had gotten deeper into DEFI. I have a feeling that is coming. +* I thought the FTX dude killed it. He was smart, sharp, educated and didn't miss a beat. +* I hope next time they invite Vitalek! + +Anyway. The hearing left me optimistic. I think the future is bright and we will own it. Keep buying those effing dips and HODL to Jupiter. We are on our way! + +PS: Please don’t ape into mongoose coin. Trust me on this one. +Atossa Therapeutics President and CEO Dr. Steven C. Quay to Speak at Precision Medicine World Conference, Spotlighting Anthony S. Fauci, MD, Director NIAID January 25-27, 2021 + + +The panel topic is "Development of New SARS-CoV-2 Therapeutics." The panel begins at 11:30 am PST on January 26, 2021. + +Still time before the conference goes live! + +*Edit* one of ATOS' phase 2 trial meds is a nasal spray to reduce Covid contagiousness +*Edit 2* Follow me for more recipes for rocket fuel + +*Edit 3*: Today will not be a day for the faint hearted boys an girls... Temper your emotions and get your stress balls ready. It's gonna be a crazy one! + +Manage your risk before the bell. Decide on a goal that fits your budget and your trade style and get out when you reach it. This is not the last rocket... There will be many, many more... Do not try to force something that isn't happening... There will be more rockets! + +Best of luck. Thanks for the love. I'll see you in orbit this afternoon. + +*FINAL EDIT* I posted the Zoom ID for the Conference today for those who wanted to follow along: + +https://www.reddit.com/r/pennystocks/comments/l5dvcq/for_the_atos_bandits_who_want_to_follow_the/?utm_medium=android_app&utm_source=share +Atossa Therapeutics President and CEO Dr. Steven C. Quay to Speak at Precision Medicine World Conference, Spotlighting Anthony S. Fauci, MD, Director NIAID January 25-27, 2021 + + +The panel topic is "Development of New SARS-CoV-2 Therapeutics." The panel begins at 11:30 am PST on January 26, 2021. + +Still time before the conference goes live! + +*Edit* one of ATOS' phase 2 trial meds is a nasal spray to reduce Covid contagiousness +*Edit 2* Follow me for more recipes for rocket fuel + +*Edit 3*: Today will not be a day for the faint hearted boys an girls... Temper your emotions and get your stress balls ready. It's gonna be a crazy one! + +Manage your risk before the bell. Decide on a goal that fits your budget and your trade style and get out when you reach it. This is not the last rocket... There will be many, many more... Do not try to force something that isn't happening... There will be more rockets! + +Best of luck. Thanks for the love. I'll see you in orbit this afternoon. + +*FINAL EDIT* I posted the Zoom ID for the Conference today for those who wanted to follow along: + +https://www.reddit.com/r/pennystocks/comments/l5dvcq/for_the_atos_bandits_who_want_to_follow_the/?utm_medium=android_app&utm_source=share +**TL;DR** + +**A man once told his young wife that he could never eat fish.** + +**Over the years she offered again and again, as this was old times and fish was probably readily available.** + +**Through the years he swore he could not eat fish.** + +**One day she cooked him a big hunk of probably some other animal roast and tucked fish inside to prove he'd like it.** + +**When she served dinner he took a bite and began to gasp, choking on air until he turned into a fish before his poor wife's horrified eyes.** + +**See, he couldn't eat fish cause he'd been one all along.** + +I really like that fable, can't really do it justice. + +Credit Suisse in London is selling to CSSU, the Credit Suisse in the US + +[Here](https://www.sec.gov/Archives/edgar/data/0001053092/000095010321005870/dp149713_424b2-f1727.htm) + +I knew it. They're just selling to themselves, let's keep an eye on the other snakes hawking their wares as the days stretch on. + +It isn't bonds tho it's stock of Amazon and Facebook and stuff + +The Bank of Nova Scotia is selling [Senior Notes](https://www.sec.gov/Archives/edgar/data/0000009631/000091412121002950/bn56129753-424b2.htm) to ::checks hand:: itself. + + * Scotia Capital (USA) Inc. (“SCUSA”), our affiliate, will purchase the notes from us for distribution to other registered broker dealers or will offer the notes directly to investors + +At least the notes won't bear interest I guess, they put it in bold right at the top. + +Next thing to peek at today + +The undersigned registrant hereby [amends its Annual Report on Form 18-K](https://www.sec.gov/Archives/edgar/data/0000722803/000119312521124347/d123928d18ka.htm) for the fiscal year ended March 31, 2020 (the “Annual Report”) as follows: +The following additional exhibits are hereby added to the Annual Report: + +**Exhibits:** + + > (1.1) Terms Agreement dated April 14, 2021 among Québec and BMO Capital Markets Corp., HSBC Bank plc, J.P. Morgan Securities plc, RBC Capital Markets, LLC and Scotia Capital (USA) Inc., each acting on behalf of itself, with the Québec Underwriting Agreement Standard Provisions (Debt Securities), dated April 14, 2021, attached thereto; +(4.1) Fiscal Agency Agreement dated as of April 21, 2021 between Québec and The Bank of New York Mellon, as fiscal agent, registrar, principal paying agent and transfer agent, with the form of Global Note attached thereto; + +As you do, i guess + +Heeeey [Vanguard and JP morgan?](https://fintel.io/so/us/jpm/vanguard-group) And BlackRock and jp morgan? + + > Vanguard Group Inc ownership in JPM / JPMorgan Chase & Co. +2021-02-10 - Vanguard Group Inc has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 243,407,749 shares of JPMorgan Chase & Co. (US:JPM). This represents 7.99 percent ownership of the company. In their previous filing dated 2020-02-12, Vanguard Group Inc had reported owning 246,807,787 shares, indicating a decrease of -1.38 percent. + +[Asset Backed Issuer](https://www.sec.gov/Archives/edgar/data/0001536226/000102024221000125/ubsciti11c1_10d_111.htm) + + * Depositor - Citigroup Commercial Mortgage Securities Inc. + + * Sponsor - UBS Real Estate Securities Inc. + + * Sponsor - Natixis Real Estate Capital LLC + + * c/o Deutsche Bank Trust Company Americas as Certificate Administrator - Principal executive offices of the issuing entity + + > The Depositor most recently filed a Form ABS-15G on February 09, 2021. +The CIK number of the Depositor is 0001258361. + + > Natixis Real Estate Capital LLC ("Natixis"), one of the sponsors and +mortgage loan sellers, most recently filed a Form ABS-15G on +February 16, 2021. + + > UBS Real Estate Securities Inc. ("UBS"), one of the sponsors and +mortgage loan sellers, most recently filed a Form ABS-15G on +February 09, 2021. The CIK number of UBS is 0001541886. + +Wells Fargo Sr. Executive VP filled a [change of beneficial ownership](https://www.sec.gov/Archives/edgar/data/0000072971/000112760221014165/xslF345X03/form4.xml) got some phantom shares, I had to look it up. + +Bank of Montreal offering up some [senior notes](https://www.sec.gov/Archives/edgar/data/0000072971/000112760221014165/xslF345X03/form4.xml) they can recall on October + + > Our subsidiary, BMO Capital Markets Corp. (“BMOCM”), is the agent for this offering. + +Goldman Sachs is [creating new Notes](https://www.sec.gov/Archives/edgar/data/0000886982/000156459021019745/gs-424b2.htm) to sell. + +So this is how it happens. I thought it was when two snake banks who love money very much make a baby fund. + +* + +April 2021 UBS-Barclays Commercial [Mortgage Trust 2012-C4] + + * Mortgage Loan Seller:Barclays Bank PLC + * Mortgage Loan Seller:General Electric Capital Corporation + * Mortgage Loan Seller:Natixis Real Estate Capital LLC + * Mortgage Loan Seller:RAIT Partnership, L.P. + * Mortgage Loan Seller:Redwood Commercial Mortgage Corporate + * Mortgage Loan Seller:UBS Real Estate Securities Inc. + * Depositor:UBS Commercial Mortgage Securitization Corp. + *:Trustee:U.S. Bank National Association + * Certificate Administrator:U.S. Bank National Association + * Custodian:U.S. Bank National Association + * Master Servicer:Wells Fargo, National Association + +Bank of America Finance is selling to Bank of America Securities (they use language to pretty it up tho) which is... itself. + +> Under our distribution agreement with BofAS, BofAS will purchase the Notes from us as principal at the public offering price indicated on the cover of this pricing supplement, less the indicated underwriting discount. + + * + +Okay gonna stop for the evening guys. I woke up all drenched in gross night sweats and then slept the whole day and i still haven't done the dishes or spent time with anyone and my teenage kiddo just ASKED to spend time with me so + +plus seems people are really ramping up the awesome dd, which the lack thereof is what made me start poking around in hopes i can contribute + +but mostly i wanted to give links so someones will read along with me and become familiar with these names + +I'll still post up my endowment Master Fund one later cause it's pretty much done but looks like people are in a fact-finding frenzy themselves, which warms my heart and apparently heats my whole body all night + +hearts hearts + +The Banks Are Selling Government Bonds to the Hedgies- The Floor is 250 Million [Part 1](https://www.reddit.com/r/Superstonk/comments/mtp8y1/the_banks_are_selling_government_bonds_to_the/?utm_medium=android_app&utm_source=share) + +[Part 1.5](https://www.reddit.com/r/Superstonk/comments/mtt8wg/master_feeder_funds_privately_negotiated_loans/?utm_medium=android_app&utm_source=share) (unformatted) + +[Part 2](https://www.reddit.com/r/Superstonk/comments/mubk7t/the_worlds_largest_shell_game_the_floor_is_250/?utm_medium=android_app&utm_source=share) + +[The Banks ARE The Hedge Funds - The Floor is 250 Million Link-Free Edition](https://www.reddit.com/r/Superstonk/comments/muoyq8/the_banks_are_the_hedge_funds_the_floor_is_250/?utm_medium=android_app&utm_source=share) + +[The Ouroboros Snake Swallowing The World](https://www.reddit.com/r/Superstonk/comments/muxpoy/the_ouroboros_snake_swallowing_the_world_the/?utm_medium=android_app&utm_source=share) +Im told that Im too poor to invest into crypto by my relatives a lot. Mind you that my relatives are quite well off and Im the black sheep of the family since Im a single dad with not so respectable job and in their eyes Im a lazy little man-child. + +Last time that we had lunch together they asked me if I still “do cryptocurrencies” and I said that yeah I save just a little at the end of the month by not buying myself drinks or fast food or stupid things. Its a 2 digit number in the very low end but still they gave me shit for that because Im “too poor to invest “ especially in “grey market such as crypto”. I smiled but didnt appreciate that at all. Then I was asked why am I using that little money that I have to invest in crypto instead of spending it on my children. + +I was pretty damn angry. I do everything for my kiddos, work 2 jobs and still some people give me shit cause I put a tenner in at the end of month. + +Crypto is for everyone regardless how poor they are. Dont let anyone tell you different! +My work suddenly started letting employees know they offer a 401K and apparently have for years (news to me). They asked if I would be interested in enrolling and I asked what the advantages are if they aren't matching. The HR guy goes on to tell me that if they even *offer* a 401K plan I can no longer contribute to an IRA tax free. This guy never knows what he's talking about and wouldn't even consider he might be wrong. + +I did some quite research but the IRS language is vague. Is this true? Am I being forced to join their super shitty non-matching, high fee 401K if I want to contribute pre-tax? + +**Edit**: Just to clarify, I make enough to contribute to an IRA, 401K, etc. but not enough to be affected by the IRS income limits. I am *not* currently enrolled in my employers 401K, the HR guy was just pressuring me to say I would enroll. Also, just found out that only *some* employees were notified that this 401K program even exists. It seems that some employees had it excluded from their new hire paperwork, even though they might be at the same page grade and full time status as someone who *was* offered the 401K. + +During my interview, both my boss and the CEO specifically told me a 401K program might happen in the future, but wasn't available now. My boss was in the dark about this 401K plan and is now livid to find out she's been excluded from the option of a 401K for three years. Apparently, everything they've done violates [ERISA](http://www.dol.gov/dol/topic/health-plans/erisa.htm) and my boss is mad enough to see if it's possible to sue. + +**Edit 2**: I love that my first visit to the front page is a rage post about 401Ks and my shady work. It is perfect! Also, it has been duly proven that the HR guy is full of shit and had no idea what he's talking about. Saved by the internet once again. +Recently clicked on the top post story over there thinking there had been another big hack or something. But lo and behold they are still obsessing over the Mt. Gox debacle. So I thought I'd test and see if I could prove their bias by posting a recent paper from the Federal Reserve Bank of St. Louis that states "in some ways, Bitcoin is more robust than fiat" and, "crypto assets are posied to become a welcome and important asset class." + +To no surprise my post has remained at 1 upvote after dozens of views and being on the subs front page. + +https://np.reddit.com/r/Economics/comments/7qv2c1/st_louis_fed_in_some_ways_bitcoin_is_more_robust/?ref=share&ref_source=link +Is this legit? Am I missing something? For example, with a one time investment of 25K into Xerox, other than the first year where you'd make $843, the next 19 years you would make $1687 each year. + +That $25,000 would make a guaranteed 6.75% each year for the next 20 years. + +I remember earlier this year/late last year on this sub there was a popular post asking if you could, would you leave the stock market for a guaranteed 4.5% a year? A lot of people actually said yes...even though the historic market averages are 8-9%. + +I'm just wondering if these kind of long term corporate bonds are as good as advertised. I know some people won't like the fact of throwing a large sum of money into something you can't touch, but I would just consider it like another retirement fund. +I don't know if this will help anyone or if it even belongs under this sub, but here goes. + +I'm 30 and work for $14.00 per hour (USD), luckily it's full time. My SO makes $14.00 as well, also full time. We live in a nice, safe part of town. There are much worse (read: unsafe) places to live here in Orlando. I don't have to worry about my SO (f) going for a walk at night alone, I don't have to worry about leaving my window open to my bedroom at night, etc. + +We live in an apartment that costs $1680.00 per month. It's 3 bedrooms and it's split 3 ways among 5 people, so it's about 560 per "room". Myself and my SO, another couple, and a single guy. I've known these people for a few years prior to renting together, but surprisingly, we all met on Reddit. The rent is way cheaper than if I lived with my SO only. There is NO where I would want to live in town, and feel safe, that's $560 per month! + +I cook for everyone and do my best to keep the total cost under $425.00 per month for groceries -- I do a pretty damn good job of it too, which means that on average, each "room" pays about 35-40 per week in groceries. ------ Cheaper than if I lived with my SO only. My strategy is to only plan for dinners and lunches. Lunches are usually leftovers from dinner that are easy to take to work. If someone wants to buy breakfast items, that's on them. + +- Get some glass containers, ours are pyrex and they are amazing. PACK Lunches - Don't go out!! + +We split the utilities. Here in Orlando, it gets hot. The electric was $202.00, or just under $70 per "room" and I know that come July and August, it will be slightly higher. Still, it's cheaper than if I lived with my SO only. + +And I can go on with other ways we save.. but we all work together to actually save money. I manage it all, however. I pay all the utilities, rent, etc. We use a cash app to request payments / send money, etc. A few of my roommates aren't great with money, and me managing these things has helped them a lot, but to each their own. + +If you are struggling with things, it may help to share the responsibilities with other people. + +Do I wish that I was living with my SO only? Yes, 10000% yes. But, I'm going to have both our cars paid off by this time next year. We just paid for our wedding in full, in cash (getting married in September). and other than about 50k in Student Loan debt between us, we will have no other debt (once those cars are paid off) and should have about $15,000 added to our savings. + +We both know that it won't be a permanent living arrangement, but it's giving us a leg up right now to pack away savings, pay off debt, etc. + +My advice is to keep your head down and power through your issues with a clear mind, thoughtful consideration to where you want to be in a year, 2 years, 5 years... and do everything you can to make it happen. The people I live with are great people, but it still sucks to live with other people. But I'm keeping my head down and watching my bank account grow and my debts drop away. + +For those of us that started the FIRE journey late, yet still got there aided by an event of significance, what was it? + +Perhaps: + +•Career change / income increase +•A penny stock skyrocketed +•Sold a piece of real estate +•Started / acquired a business +•Inheritance +•Lotto (do FIRE'ers even play lotto?!) + + +I'd ask on a cult sub, but I'd obviously just be met with screaming rants of "ShiLL rEeEeEEeeeeeeee". It's a sad state of affairs when WSB is the next logical place to go for advice. + +Anyway, fuck that, what happens when these apes finally lock the float? The GME board obviously arent diluting (because if they did, all the apework is undone) so they clearly want to see the float locked too. + +Its never been done before by my estimations, so what actually does happen? I mean, the 'apes' are locking the float slowly, and im in no doubt that they'll get it fully locked. + +Will it actually trigger some sort of market moving event, or will it just be a nothingburger of hype and the goalposts get moved again? + +I'm struggling to find any idea or solid examples of what actually can or cant happen when a float is locked. + +Personally, I think fuck all can happen, because i remember that guy who bought every single share of some shitty pharma penny stock. Despite owning every share in the float, it continued trading in the millions of volume in the days afterwards, so I'd assume this will happen with GME too. + +Come on regards, take a 5 minute break from the back of wendy's and hit me with your theories. +I enjoy reading updates from folks that have previously FIRE'd. I'm struck by the variety of paths, annual spend targets/budgets, what folks do with their newfound free time, and the mental challenges that go along with it. + +Hopefully my story will add to the variety found here, and some will find it interesting or even inspiring. + +My wife and I FIRE'd just over two years ago and are in our early 50s. We achieved our version of FIRE mostly with only my modest income from a military/government career and simple low-cost mutual fund investing starting in our late 20s when I was a young enlisted with four kids. Investments really took off when I retired from the military at 26 years as an officer, and transitioned into government service. During this time kids were mostly grown and we were essentially drawing two full salaries and investing 6 figures a year. + +My wife spent most of her time raising our kids, though she did work a bit in high schools when our children attended. More to keep an eye on them and have a good relationship with the school/teachers, but she did bring in a modest salary as well that we fully invested. Kids are all grown and self-sufficient at this point. Everything we have, we earned on our own. + +Our net worth is right around $2M and we have an annual budget/spend currently at $140k. I hold about $100k in cash (yeah I know) and about $800k in IRAs and TSPs (military 401k). Our primary home is paid off and if you are to believe Zillow, worth about $900k. We commit $2k a month to a second home so I would say our annual spend is closer to $120k. Our second home is rented and valued at $400k with $140k of equity and a 3.1% mortgage. We have two cars that are paid off and no other bills other than the ones that will never go away - Property, car and medical/dental insurance, taxes, utilities, food, gas, internet, cable tv, car/home maintenance, and HOA. I'm not a compulsive budget tracker, but I do keep track generally, and estimate we pay about $4k a month in those bills. + +Travel is a big part of our version, and we budget $24k a year - We target two good at least 2-week vacations and another 2-3 smaller (week longish). As an example, this year we've been on a 11 day Caribbean cruise, a week in Miami/Orlando, and a week in Hawaii. We still have planned a 10 day Alaskan cruise and an 8 day European River cruise staying after in Europe for a spell. We are more frugal than luxury when we travel, but do like to splurge sometimes. + +We don't specifically budget for home upgrades, but my wife and I are both handy and enjoy working on our home and others. We probably have spent on average about $15k a year on 'projects' – Pavers/firepit, closets, etc.… + +Our income comes mostly from a 26-year military pension and another 6+ years working for the government. My pension is $60k a year and I receive another $18k from the VA for some bumps and bruises I collected along the way. Those are both cost of living adjusted for the rest of my life. The rest comes from rental income - $24k, TSP - $18k ($16k after early withdrawal penalty), and about $20k from very flexible working - Like working whenever I want flexible. Right now I do about 6-8 days a month. Because of my military retirement, we are fortunate that our medical insurance requirements are far less than most. + +Some might be wondering why I'm taking money out and paying early withdrawal penalties even while I'm sitting on cash and spent less than my yearly budget. Well, if I'm being honest, I actually think we should be pulling more out even with penalty, and spending more. Fortunately, or unfortunately (depending on how you look at it), a life of living relatively frugal has made it somewhat difficult to spend to our targets! We have stable income streams with more coming in the future - At 59.5, the plan is to start to pull even more aggressively from TSP accounts with the intent to deplete - them by the time I'm 67 - which I anticipate will be $40k or so a year. At 62 I start drawing another modest deferred government pension of about $7-10k per year (depends how long I keep working in the P/T position I am in), and this too will be COLA. At 67 both my wife and I will start drawing SS that is projected to be around $50k a year. At some point here in the next 5-10 years I'll sell our second home and have another few hundred thousand to figure out how to spend. And with modest market predictions (i.e. 7-8%), our IRAs will be worth over a million when we are 67. The equity in our home is our main 'emergency' account, and my kids are well on their way to be successful on their own so other than splitting up this when we eventually pass, the goal will be to spend as much as we can of everything else. + +Are we content? I'd say most of the time, but particularly when we are traveling. At home I'm seemingly very busy either working on various home projects - We have elderly parents and get over multiple times a week to visit and help. We work out a few times a week, play or watch sports and go to events relatively often. Though we have friends that we meet at the bar weekly and have neighborhood wine get togethers, if I'm being completely honest, I'd like a bit more social interaction beyond family - Working on this. Sometimes we both struggle (me probably a bit more so), as I know I can make pretty great money and improve any organization I am a part of. Sometimes I feel a bit less for not being more traditionally productive in society. + +I guess in general, I'm so damn grateful that I can spend time with family and friends whenever I want. Whether it’s running over to my moms and do yardwork with her, going out to lunch with my daughter at the drop of a hat, helping my father-in-law build a shed, or going visit my kids anytime I want no matter where they are - I mean the flexibility to do what you want whenever you want is something pretty tough to give up once you have achieved it and has so far always won out when I get that offer out of left field to go back to full time work. + +Some might say we have a pretty rich life - I'm one of those. Others might say we settled and could have more - My mom is one of those. Others will say that $140k a year isn't nearly enough to support the lifestyle they want - Some of my friends have this sentiment. For my wife and I, we are still figuring it all out, but enjoying where it seems to be going. +Bridgewater Associates, which has $150bn (£122bn) in assets under management, has emerged as the biggest short seller of European stocks. + +New disclosures show it has made bets totalling €6.9bn against almost half the EURO STOXX 50 Index, which is dominated by French and German businesses.  + +I'm currently trying to position myself for an oncoming recession and I get drawn into copying these sorts of trades, although I'm aware they take place within a greater strategy which I am also not copying, so could be unwise in isolation. + +Betting against the European economy feels prudent for various reasons, but I'm interested in the general feeling in the room; do you think this is a short due to strong negative sentiment for major European stocks? Or do you think it's part of a wider strategy where the stocks chosen are primarily hedging other assets in their portfolio? + +Thanks +I (23f) am currently living with my partner and working as a sales associate for a small business. I make around $19,000 a year. I am in a shit ton of debt. I am trying to find something that will actually pay a living wage (I know that's nearly impossible, at least here in the US). I have two years of college under my belt but, am not looking to finish and get a bachelors degree necessarily. I am considering possibly going back to do something like sonography or x-ray tech. But, my partner is strongly encouraging me to look into work from home jobs. Is it even worth trying to find one? I have spent countless hours searching for a legitimate position but, most of them are scams. If they're not a scam there's some other issue with it like shitty pay or I don't meet the requirements. Would it be a smarter route to go back to school to eventually become a technician of some sort? Or should I continue looking into remote work? If so, does anyone know of any legit companies that are good to work for? Edit: My fiance is only encouraging remote work because I am on the spectrum and struggle with anxiety and social issues. Just wanted to clarify. Thank you all. +Microsoft is sidestepping the original equipment manufacturers like Hewlett-Packard and Dell that have long built PCs for its Windows software to build its own $1,499 laptop. Microsoft — which also introduced two new smartphones, a new Surface tablet and an updated wearable device — is betting that by deploying premium hardware, it will lure more customers into its cloud ecosystem. + +It’s an effort by the company to one-up Apple and Google both of which recently unveiled higher-tier mobile devices designed to compete in the workplace. + +The Surface Book, with a screen measuring 12.3 inches diagonally, is Microsoft’s first laptop and its second device category designed for enterprise-tier use — the Surface line of tablets came first. + +Microsoft has outperformed both Apple and the Dow Jones Industrial Average over the last three months, rising 5.2% versus declines for the other two. +After a year of self directed investing, and many lessons learned, I realize that I ought to start taking notes on tickers I own or want to own to confirm or break my convictions. Probably could have been more decisive when I should have been if I forced myself to write some notes down. I started using a Google doc but I find that it's too easy to copy/paste, reducing critical thinking or retention of the knowledge. Thus I am considering switching to hand written. + +Where do you take your notes? If you hand write them, what sort of book/binder/pad works best to maintain a sense of order over time? + +A follow up if you feel like sharing. Do you have a template or formal way of note taking or do you just jot down what comes to your head as you look at earnings, balance sheets, MD&A, and listen to conf calls? +So I’ve been waiting for 2020 to start so I can get the Smith Manoeuvre up and running. Today the money finally hit me Questrade account. + +My set up. + +Scotia re-advanceable Heloc at 4.5% with 150k in current equity room. + +Will do 5 monthly deposits of 30,000 to DCA my way in with that big chunk and then do monthly contributions of my principal payments once the 150k fills the investment account. + +My portfolio will consist of + +45% FLCD - Canada FTSE ‘domestic’ index (I’m using FLCD as I use XIC in my registered account and want my first tax lost harvest to be a smooth one trying to avoid a superficial loss} + +30%VUN - Us all market fund + +18.5 % VIU - developed ex Na + +6.5 % VEE - emerging markets + +Now. I’ll explain that I’ve overweighted Canada as those positions are underweighted in my TFSA/RRSP to simple take advantage of the asset location since Canadian stocks will be more tax efficient. + +I weighted US a bit higher for the same tax efficiency. In my RRSP/TFSA I carry a 80/20 asset allocation with the stock portion being + 15% CAD +32% USD +33% international +20% bonds + +My RRSP/ Tfsa balance will be about the same as my SM account by the time the full 150 is invested. + +Thoughts? +Hi there, I am hoping the wealth of knowledge in this forum will help me more than RBC invest academy! +I am helping my mother in law manage her trade account (after my father in law passed away). It's an RBC Direct Invest account, but nobody has traded or rebalanced it for at least 6 years. +Before you ask, yes, It's still in the positive overall and throwing out nice dividends. +However there are a whole bunch of dead stocks, Nortel for example. Does anybody know how to delete them or at least hide or suppress them? The help file was not helpful and I can't call RBC because it's not my account and my mother in law is 91, so she's not going to either. Any hint is appreciated! Thanks in advance +Hello Everyone, + +I've been having issues and not sure if it's something I'm misunderstanding, or Wealthsimple thing. + +I've been selling stocks through *Stop Limit Orders* to prevent my stocks from dipping too much. Yet I've found my stocks are selling before even hitting the *Stop Limit*. + +Example: + +I set SCR to sell at $4.70, and Wealthsimple trades it at $4.75. + +I understand SCR dipped to $4.67, but the trade happened before the dip. + +What ends up happening is I would simply just repurchase the stock again because it didn't actually go down. This has happened with FTL as well. + +It *could* be that the delay on Wealthsimple is messing with my timing. + +Overall I'm down a bit because I keep buying back stock. +Hello, +Is there any quick calculations to assess whether you should pay off your mortgage sooner or instead make the minimum payments and invest instead? +Assume you are at the beginning of your mortgage, so there is still quite a bit to pay off. Also assume that I understand and accept the risks of investing. +Is it as simple as "if you can get a (significantly) better return than your mortgage interest rate + accounting for inflation" then invest instead? Those amortization calculators show a lot of interest to be paid by the end of the term, so I don't think it is as simple as I just made it sound. +Any help would be greatly appreciated. +Thanks! +Welcome to this month's Rate My Portfolio megathread. Here, others can chime in on your portfolio with their thoughts, keeping the rest of the subreddit clean, and giving you the ~~confirmation bias~~ sanity check you need! + +Top level comments should aim to be highly detailed (2-3 paragraphs). Consider including the following: + +* Financial goals and investment time horizon. + +* Commentary on the reasoning behind your current and desired allocation. + +The more information you can provide, the better answers you'll get! + +Top level comments not including this information may be automatically removed. If your comment was erroneously removed, please [message modmail here](https://old.reddit.com/message/compose/?to=/r/CanadianInvestor). + +--- + +Please don't downvote posts you disagree with. If a comment adds to the discussion, it warrants an upvote. +Hey guys! + +I would really appreciate some assistance around my finances, specifically any solid experience or just general words of advice if possible. + +I am 25 years old and I have been working like a maniac for the last 5 years developing my career. I have recently been promoted to quite a senior role which has equated to me getting a pay rise to about 110k after super. + +I have not had access to a paycheck like this before and I want to ensure that I don't go crazy and that I budget properly and save as much as I can. + +I am absolutely horrible with money, I spend too much and I typically never save. The only saving I have is 5k in the bank that's built as a rainy day fund. + +What I am really hoping to get out of here is advice on: +- best saving techniques +- best budgeting tools +- what savings accounts I should look into +- any general advise you want to share with a 25 year old who sucks with money + +Side note - I have no debt. +Throwaway because people I know follow my public reddit. + +&#x200B; + +Ok - I would like to see if there's anyone that would be so kind as to explain to me the financial implications on me not buying a flat with my long time girlfriend. This is has become quite a point of contention with my parents and I, and I honestly just want to know the facts. My parents are telling me that if my girlfriend bought alone (as she would prefer), that this could potentially have very poor financial implications on me - potentially really rather dire ones, years down the line. I have very little working financial knowledge of the real world - I'm still at uni and have honestly never worked a day in my life. Apologies if this comes off a bit highly strung, but I'm looking for some information that I'm clearly missing but just won't be given straight - I am 100% aware of my ignorance and that there is much I likely do not know. + +&#x200B; + +Here's the context and financial situation: + +My GF and I are highly committed to each other - been together for almost 7 years. Love each other hugely - expect to get married in the coming years; want to spend our lives together. + +I am a final year medical student - will start working as a doctor in August time (I'll be earning \~28k, rising incrementally about 2-3k a year or thereabouts). I own a flat (worth £250k), which I bought after a family member gifted me a large amount of money. I rent it out for about £1k a month. + +My gf is from Spain and works in tech - earns about £45k; expect that to rise to around 50-60k over the next 10 years or so. She is settled here, having lived here since uni days - she has permanent residence in the UK now. + +&#x200B; + +My GF wants to buy a property, but wants to buy it alone. It would be the property we both live in for the foreseeable future. With a great deal of help from her parents, she would be about to buy a \~£450k property, with as big a mortgage as she can afford, effectively. + +We did discuss buying it together - I would sell my flat to put towards it and we would make sure that legally we are both fine (owning and contributing to the mortgage totally fairly etc) - but she does not like the idea of combining our finances at this point. I'm totally fine with the idea, but she fears that if something were to happen (who knows what life brings), and we split up, we would have to sell our combined property, and that just makes her feel a little uneasy and vulnerable given that she doesn't really have anyone in this county other than me. Me, on the other hand, I have my family here should anything go tits up and we had to move out of that combined house. That being her feeling, I'm totally fine with it - I see the wasted potential of us not buying together now, but it's a bullet I'm willing to bite for her peace of mind. We have ambitions of eventually buying somewhere together, that we both own and live in together - perhaps she would sell her place (that we'd be living in) and I'd sell mine - who knows when. Right now though - she wanted to buy a place that she owned, so that she could save on paying ridiculous rent prices. + +&#x200B; + +As far as I was concerned, the potential financial issues are: + +\- That I would be living in the property that she is financially benefitting from (she owns the property), yet I may get unnecessarily lumped with all the negative payments (bills, food) - so it would be all downside for me. We talked about this - we would make sure that all bills (not the mortgage obviously) would be split equally; so that she isn't getting all the upside and me all the downside. Perhaps there's something I still missing here though? + +\- that we are missing out the greater benefit of investing together to buy a bigger property; this is undeniably true. As above, something we're fine to missing out on for her personal security of mind. + +\- That should she buy alone, then we decide to buy together only 5 years later or something - that'll be a lot of wasted house moving payments of various kinds on her part + +\- That I will be paying a higher tax band due to the additional rental earnings on top of my doctor salary, which would obviously be negated should the value of my rental property be sunk into a joint property purchase. I don't really know the implications of this truly. + +&#x200B; + +It's worth mentioning, her parents are totally financially independent to one another; mine are the complete opposite. I don't really have much bother one way or the other - I just want us to be financially sound. My gf does want to remain entirely financially independent from one another, i.e. bank accounts and what not - this is fine by me. + +&#x200B; + +The way my parents are talking, it's as if there are some absolutely huge raging red flags that clearly me and my gf are utterly oblivious to. Neither of us are experts at all with finances, and this just seemed like a fairly reasonable decision for her to make. It seems to us that it might not be 100% ideal, and we could definitely do better in the long run by buying together now - but if someone could enlighten me I'd be over the moon. +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. +This is continuation of the [post from the last year](https://old.reddit.com/r/financialindependence/comments/m5zfv4/having_a_child_year_one_financial_summary/) + +There are a lot of questions about how much financial impact a child has. Here are updated numbers, for the second year of his life, March 2021-March 2022. + +**Background:** We are a couple with above average household income (\~engineer + entry level engineer manager) with one human child. A median house in our city is selling for \~$650k. When it comes to the financial decisions, we don't purchase the cheapest items, but we look for underappreciated items of decent quality (think - unpopular color patterns, used stuff off craigslist, houses that needs work). While we price compare across a few websites, we don't spend too much time trying to find the best deal. + +**TLDR** + +Cost: + +* Before birth: $5100 +* Year one: $27,044.58 +* Year two: $33,608.63 + +**Details:** + +***2019-2020*** + +Before the kid was born: $5100 - Vitamins, doctor visits, car seat, stroller, baby prep items + +***2020-2021*** + +After the kid was born through the first birthday: + +Approximate breakdown: + +* $13,120.00 Daycare at $1280/m, starting at age 2.5 month +* $4,432.00 Doctors <-- birth, after birth care, visits & vaccinations, one \~4 day hospital stay due to infection +* $3,360.00 Insurance +* $2,554.00 Amazon <-- supplies for the baby and mom +* $1,250.00 Target <-- supplies for the baby and mom +* $480.00 Babysitter at $15/hr +* $1848.00 Who knows / miscellaneous + +&#x200B; + +Total: $27,044.58 + +&#x200B; + +First year came out to $2250 per month or $75 per day. + +***2021-2022*** + +First through second birthday: + +Total: $33,608.63. + +* $17,090.00 - Daycare +* $4,919.00 - Babysitter at $18/hr + one time 10% bonus (she comes every Saturday for \~7 hrs) +* $3,864.00 - Insurance +* $3,240.40 - Who knows <-- clothes, books, toys, ikea furniture items +* $2,045.73 - Target <-- diapers, disposables, snacks, toys +* $1,811.68 - Amazon <-- diapers, disposables, snacks, toys +* $637.82 - Doctors <-- visits, copays and drugs + +Second year came out to be $2800 per month or $93 per day. + +**YOY changes:**. + +* Daycare: +$3,970 (+30%) - full year in daycare versus 9 months, daycare cost increase +* Babysitter: +$4,439 (+924%) - we didn't use the babysitter in the first year as much +* Insurance: +$504 (+15%) - insurance went up +* Who knows: +$1,391 (+75%) - one year olds need more toys +* Target: +$795.73 (+63%) - we switched to Target from Amazon because it's cheaper +* Amazon: -$742.32 (-29%) - we switched to Target from Amazon because it's cheaper +* Doctors: -$3,794.18 - More frequent doctor visits, extra medications, but didn't hit the deductible; this does not include one ER visit (still waiting for the bills to come) +Guten Morgen to this global band of Apes! 👋🦍 + +Apes, while I was initially surprised by the DRS count in the Q3 results, upon further reflection I am incredibly excited by what I think it means. +Obviously, 500k additional shares DRSed does not seem even remotely close to what was expected, based on the steady flow of purple circles and the discounts that were offered during the quarter. +There is *no way* that Apes changed DRS velocity so sharply. +Similarly, I do not believe that Apes who HODL at ComputerShare are selling. +DRSing and purchasing at ComputerShare are Diamantenhände actions. +I trust that the numbers that GameStop included in the quarterly reports have been accurate tallies of non-insider ownership of shares held at ComputerShare. + +So that tells me that this was engineered. +We saw that institutional ownership decreased over the quarter. +My suspicion is that the SHFs convinced an institutional owner to DRS shares in Q2, to be sold in Q3. +The exceptional Q2 numbers that we celebrated included this trojan horse. +When combined with this weeks' short attacks, they hoped to break our resolve - to make us lose hope. +I have little doubt that they had hoped to create a negative trend, but failed to overcome our Diamantenhände. + +Here is what makes me so bullish: they can't repeat this ruse next quarter. +I honestly don't even expect the SHFs to still be standing when Q4 numbers are released, but they would have been sure to extract every share they could from this quarter's count. +They won't be able to rug-pull the DRS numbers again, and they don't have any other way to manipulate them. +Meanwhile, this just increases my resolve to get that number as high as possible. + +Today is Thursday, December 8th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 120 minutes in: **$23.14 / 21,98 €** *(volume: 4366)* +- 🟥 115 minutes in: $23.14 / 21,98 € *(volume: 4312)* +- ⬜ 110 minutes in: $23.30 / 22,13 € *(volume: 4307)* +- ⬜ 105 minutes in: $23.30 / 22,13 € *(volume: 4089)* +- 🟩 100 minutes in: $23.30 / 22,13 € *(volume: 4087)* +- 🟩 95 minutes in: $23.28 / 22,12 € *(volume: 4086)* +- ⬜ 90 minutes in: $23.27 / 22,11 € *(volume: 4014)* +- ⬜ 85 minutes in: $23.27 / 22,11 € *(volume: 3835)* +- ⬜ 80 minutes in: $23.27 / 22,11 € *(volume: 3814)* +- 🟩 75 minutes in: $23.27 / 22,11 € *(volume: 3814)* +- ⬜ 70 minutes in: $23.27 / 22,10 € *(volume: 3809)* +- 🟩 65 minutes in: $23.27 / 22,10 € *(volume: 3601)* +- 🟥 60 minutes in: $23.07 / 21,91 € *(volume: 2800)* +- 🟩 55 minutes in: $23.07 / 21,91 € *(volume: 2800)* +- 🟥 50 minutes in: $23.07 / 21,91 € *(volume: 2720)* +- 🟥 45 minutes in: $23.07 / 21,91 € *(volume: 2716)* +- 🟩 40 minutes in: $23.17 / 22,00 € *(volume: 2660)* +- ⬜ 35 minutes in: $23.16 / 22,00 € *(volume: 2350)* +- 🟥 30 minutes in: $23.16 / 22,00 € *(volume: 2266)* +- 🟩 25 minutes in: $23.17 / 22,00 € *(volume: 2266)* +- 🟩 20 minutes in: $23.16 / 22,00 € *(volume: 1271)* +- 🟩 15 minutes in: $23.16 / 22,00 € *(volume: 1197)* +- 🟩 10 minutes in: $23.15 / 21,99 € *(volume: 1166)* +- 🟥 5 minutes in: $23.15 / 21,99 € *(volume: 1090)* +- 🟩 0 minutes in: $23.16 / 22,00 € *(volume: 690)* +- 🟥 US close price: $22.26 / 21,14 € *($23.05 / 21,89 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0529. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +The Ftx downfall, via swaps, tokens, or investment has caused hedgies to panic as they were at quick risk of breaching their required collateral positions. It took them by surprise and so their easiest quickest way to maintain the requirement was reduce the price of GME. Probably just to buy time. Which means we may see headlines soon that citadel completed some fund raising. + +If we finish around this price point Friday, they would likely eat some decent money on the Friday options expiry. Also at the same time we drs more shares quicker. + +This was not part of their plan, it was done of necessity. +They are on the ropes. + +I think we also surprised them how quick the sub figured out the drs nonsense they pulled. + +I don't think this is the end game at all though. The end game will be nuclear. They will have nothing left to lose. + +We just need to maintain the course. + + +Buy. Drs. Book. Hold. +What do you do outside your day job to bring in some extra money? + +1. What is it? +2. How long have you been doing it? +3. How much time do you put into it? +4. On a scale of 1-10 (10 being very well) how well does it pay for the time and effort? +4. How difficult is it to do/get in to? Cost of entry? +For the past few weeks I've been cycling funds between Circle and Coinbase's Exchange to take advantage of a (small - ~1%) arbitrage pair. I had been a Circle customer with smaller but semi-regular volume for quite some time before this. Two days ago I got an email from Circle support asking me the source of the funds, what I was transferring for, and my occupation, for "regulatory reasons". I didn't love the questions but had nothing to hide so I shrugged and answered - they're my own funds, coins from LBC and Coinbase, and I'm doing arbitrage and cashing out from my LBC sales at times. + +Several hours later, they replied with a form notice that they had detected activity against their user agreement in my account and would no longer accept my business - I was free to "withdraw" aka sell my BTC to a linked fiat account and then my account would be terminated. + +I was somewhat taken aback, because I read Circle's agreements when I signed up, and was pretty sure I was clear. So I went back again and, like and behold, this wonderful paragraph has been added to the prohibited payments: + +"Due to regulatory restrictions, we cannot allow you to use Circle as a source of liquidity to sell bitcoins to third parties or as a method of withdrawing the profits of third party bitcoin sales to your bank account." + +(https://www.circle.com/en-us/user-agreement, dated August 11 2015, section 18) + +That language is so broad that as far as I can figure you're not allowed to use Circle to do anything with Bitcoin from any other source, because any source could be considered third party. + +I pulled up Internet Archive versions of the user agreement and confirmed that this clause was not in them when I signed up. Circle has not answered my request for an explanation of when this was added, and why notice was not sent out as is required for material changes, which this certainly is. + +So, if you're a Localbitcoins trader or thinking about arbitrage through another exchange, beware - Circle will cut you off. They do not want to be a real player in a robust Bitcoin ecosystem, they just want to make their buck. + +Spread the word, Circle are not your friends. + +PS: I am a FinCEN registered MSB and would have happily provided evidence of this, as well as my anti-money-laundering policies, etc, were Circle actually interested in regulatory compliance. But they're not - total silence. + +PPS - in extra hilarity their form letter referred to the wrong section numbers in their user agreement, because they apparently change it so often they can't keep track. +Throwaway account here. I’d like to consider myself fairly savvy when it comes to personal finance - but I’m not 100% confident on Crypto, and could use some advice here. + +Due to a combination of mental health and my mom’s poor health, my Dad has recently agreed to an early retirement in his 50s. Neither of my parents are working, they are renting, they have some government financial support, they have some history of poor financial decisions. My Dad has worked in banking for most of his career, will have some sort of pension but I don’t know to what extent, and has recently gained access to somewhere in the realms of 75k inheritance money. + +I was speaking to my sister recently, who has been into crypto for the past year or so and has made a few thousand out of it. She was referencing the price movement of ethereum, and then added in “but I don’t have as much as Dad”. I needled her further on the topic, and it sounds like my Dad has put 50k+ into Crypto, mainly btc & eth. + +It came as a shock to her, I don’t in any way think that she suggested that he do that with the inheritance, but given her own interest in crypto she isn’t as shocked and horrified as I am. + +I don’t think that my parents have enough money for a comfortable retirement in their 50s from his pension and a 75k inheritance, and given the poor mental health I’m worried that this is a bit of a desperate move. + +What can I say to him about the risks of crypto? Is this level of exposure into crypto as insane as it sounds to me? I understand a bit of a punt but at this level it feels like he is really relying on it going well. +https://imgur.com/gallery/fUWtF86 + +Original post: https://reddit.com/r/options/comments/iulgoq/someone_please_help_my_spy_debit_spread_got/ + +WE’RE OFFICIALLY GOOOD! + +**UPDATE: Robinhoods Response, they’re working on a UI fix:** + +https://imgur.com/gallery/pVHMQFx + +**SECOND UPDATE ROBINHOOD CALL:** +Robinhood called and I had a conversation with them. Basically asking me if I was okay and about what had happened. The guy was pretty nice over the phone and asked me to reach out for whatever reason and if I had any other questions. That was most of the conversation though. I explained about me posting here and that everyone helped me with what was going on. Nothing out of the ordinary just a “How are you holding up” conversation and if I had any questions. I’m just relieved it’s over really. Also pretty sure they were calling to make sure I was still alive, even though that sounds horrible to say. + +I want to personally thank each and every one of you especially u/MichaelBurryScott who helped me throughout this whole fucking thing and u/chknbscts who helped me out from over at WSBs + +Thank you all so much for the helpful advice and amazing comments. You all helped keep me EXTREMELY call compared to what would’ve happened if I were to have gone through this alone + +You have no idea how stressful this was the first night of this happening. I received absolutely ZERO sleep and had some pretty dark thoughts pop in my head + +I’d like to take this time to reach out to NEW traders and highly HIGHLY recommend you search this sub and ask questions, research and most importantly NOT trade and options until you have an exact idea of how much it is you can both profit, lose and how to execute everything + +I would also like to take this time to remind us all that ROBINHOOD is an absolute shit platform that has YET to reach out to me and say anything about this while this sub has handled this situation better than anything I could have ever dreamed of. + +Another reminder, LIFE is a precious thing. I’d like to take this time to remind everyone that a couple months ago a 17yr old boy took his life by something exactly like this happening to him. He did NOT reach out for help and instead took his own life because of a bad UI on Robinhood and poor experience with option trading. I have to admit that this situation has taught me some extreme life lessons and I am probably the only person in this world that really understands why that guy took his life...I can’t tell you that I would have the stones to do it to myself but let me tell you this, there were absolutely some insanely dark thoughts that were positioned in my head. + + +Thank you all. Apart from potentially saving my life you saved me from debt and ignorant positions that I had no business opening in the first place. I am debted to all of you. +Good morning all, + +We're in a bear market. Inflation is rampant. We're out of FIAT. The British pound is crushed. Shit sucks. But that doesn't mean we can't still have some fun right? + +For those that were around at the beginning of the year, you might remember that I created this. The FOLIO OF HATE. I invested (yolo'd?) $100 into this subs most hated coins. Some coins are hated because of utility, some because of corruption, some because of the the shills. Whatever the reason, I decided to act on the theory that this sub can actually pick winners by investing into the ones that we all hate the most. + +So, $100 was invested on the same day to each of the ten coins/tokens. Here is how it has fared. + +&#x200B; + +[Ten Month Performance ](https://preview.redd.it/zwepqicl2qr91.png?width=1110&format=png&auto=webp&s=025d7b852b168e465c5d01af72ccb5292b13acd9) + +**Down 64% or $640 in ten months.** + +What about the individual results? Surely they're not all bad? Right? + +**Best performer:** USDT -0.08 % + +**Worst performer:** LRC -87.22 % + +**Surprise Performer:** BNB -47.36% + +&#x200B; + +[Individual Ten Month Performance](https://preview.redd.it/0xualugw2qr91.png?width=1123&format=png&auto=webp&s=a2e047267fa684483946edd1ff98402f056e7173) + +Despite the savagery of the capitulation and bear market, there are some interesting observations. + +Personal points of interest: + +* Binance is the best non-stablecoin performer. This could be connected to the collapse of other exchanges/lenders. It is the only non-stablecoin that is not down more than 50%. +* Despite the court issues plaguing Ripple, the XRP is still holding well comparatively. +* Investing in Dogecoin - was a better investment than top guns Solana and Cardano. +* Despite scamming millions, involved in court battles, and led by a corrupt CEO, Safemoon is not the worst performer. +* Tether - FUCKING TETHER - is still the folios best performer. +* The value of the folio has not really moved in the past 2-3 months. A seemingly flat movement has emerged during this time indicating a possible bottom for the FOLIO OF HATE may have been reached. + +I am aware that perceptions and opinions shift over time, so it is of course possible that we hate these coins more than ever. + +Original [post for reference](https://np.reddit.com/r/CryptoCurrency/comments/rng996/here_it_is_the_subs_most_despised_coins_combined/). + +&#x200B; +You can't really have it both ways. If you're tempted to take profits when you make some nice gains, say 2x, 5x, or even 10x ... there's no need to look on the past with regret, and wish you got in the early days of cheap Bitcoin, doing the math on how much you would have today. + +There's almost no way you would have that same stack today ... holding past 10x, 100x, 1000x, 10000x .... and beyond. And that's okay. We all have our moons, and taking profits is great. What's the point of being in crypto if not to take profits eventually? But when you do, don't live with regrets. + +And if you can, try to hold past the 2x, 5x, 10x ... one day it's likely people will wish for the good old days of 50k Bitcoin. + +Just imagine the posts in 2030: + +"Man buys Tesla for 1 Bitcoin in 2021 - that Bitcoin is now worth 50 Teslas" + +50k seems like a lot right now, but it may be the new "Bitcoin for 10 cents" in the future. + +TLDR - Take profits if you want/need - hold if you can. And most importantly, don't look back with regrets. +[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/) +This is just a reminder that checking your state's unclaimed property websites should be something you do periodically if you move frequently or recently. I recently checked out the unclaimed property website for my state and found a life insurance payout from a parent who passed away. They never tell you the total amount until you get approved for payments after they verify your documentation. It only told me it was over 250 bucks and it turned out to be over 30k. They also approved a couple of small refunds I had due from other services for under 20 bucks. If you move, make sure you have documentation of the old address on hand to provide proof of living at that address. + +Edit: I am really glad I posted this on here, be cautious of scams and try to work with your state department for this directly if possible. Some people posted some additional links to make it easier to find in other places. Glad to see so many people finding money they didn't know existed or that this was a thing! +First of all, in this space it's very common to see 20% variation in a couple of weeks, and we keep telling you that it will happen sooner or later. Now what I spy with my little eye this morning? Suicide hotline posts, panic posts, etc. And for what? A 8% dip... + +Second thing: we regularly see posts saying to not get a loan to buy crypto??? How can you be so stupid to get a loan to buy something as risky as crypto? Every 2 posts in this sub is telling you not to invest more than you're willing to lose, how did you miss this information? + +Sorry for this post, but seeing all of these posts make me lose faith in humanity. + +I know the amount gets smaller for couples making more than 150k, we are just concerned of being hit with a significant tax bill come next year. We currently use the standard deduction as we have little to nothing to deduct from our income. We usually receive a modest refund 1k-2k every year and would like to keep it that way or break even. Last year we made 135k with the expectation we will make over the 150k Thanks!!! + +Edit/update: So I actually went to the IRS website and did some reading. Apparently initially you will only be able to opt out. At some time later this year they will add functionality to the website where you can change income levels, bank acct info, martial status, more kids, etc. +I believe we will take the “free money” for now and adjust or opt out later. If I have a small tax bill I will be ok with that. +The bottom on March 23rd is now more than a month ago. We know from looking at posts from around that time that /r/investing was holding cash, telling everyone who would listen that "the worst is yet to come" and to sell, sell, sell! The few people commenting about holding, or even worse buying, were immediately downvoted. Any post about selling was upvoted as high as possible, clearly indicating /r/investing's views on what the right move was. + +But how wrong the sub was. Now that S&P is up 26% from the bottom, one of the fastest rallies ever seen. + +Have you accepted that you missed the bottom, and are you planning to get back in? Or are you hoping for a new low? +I would ideally not like to wait 3 months for payslips to satisfy this, what are the chances a mortgage company would accept my first payslip at the end of this month plus a letter from my employer confirming that the payrise is permanent please? +We do exist! 24-year-old finance graduate working and living in London on £20k. I’m managing to save £200 a month (~15%) of my income but a huge chunk of my wages go out on rent and bills. Aside from getting a pay rise (which should happen soon, and I have joined a company on a CIMA apprenticeship so long term gains hopefully) any advice on next steps? Thank UKPF! +I could type my whole story here since 7 Jan. Sold NONE, high xxxx holder. + +For new holders remember THIS IS NOTHING, no tiddybitty dip. We saw short ladder attacks making 350$ EOD at under 140 within 5 FIVE! minutes. + +January Halted, breaks as normal, shorted from 480$ to 220 within 30 minutes! Then next day 300$ then next 55$ then down to 40$ + +LET ME PUT THIS IN MONEY: +30k 60k, 240k, 510k BACK DOWN TO 42k, SOLD ZERO! + +This is a 18k dip today, and my pulse hasn't changed. + +Stay true to fundamentals 800-2200$ Minimum WITHOUT squeeze, that's just icing in the cake! +Yes, it will squeeze, just be Patient, burry waited over a year. + +Dfw waited over a year now. + +You have it easier than us holding since december-Start Jan. We had to go through all shorts of fud. +🙌💎🚀🚀🚀🌕 + +All I know, I am still up about 1000% so why the... SELL NOW? THAT WOULD BE THE UTTERMOST IDIOTIC THING TO DO. +Like playing a game for days, to stop and sell the game when you are at the end boss. +IMO phone number 2FA just doesn’t cut it in 2021. Many of us in this sub are just one SIM swap away from having our entire savings wiped. + +Is there anything I can do to mitigate this risk? Is this covered by FSCS? +* **Chinese and U.S. regulators are progressing toward a cooperation plan on U.S.-listed Chinese stocks, state media said, citing a financial stability meeting Wednesday chaired by Vice Premier Liu He.** +* **Days of worries about U.S. delisting risks, on top of existing concerns about economic growth, had sent Chinese stocks plunging in New York and Hong Kong.** +* **Hong Kong’s Hang Seng Index surged in Wednesday afternoon trading, after closing Tuesday at fresh lows not seen in more than six years.** + +[https://www.cnbc.com/2022/03/16/china-says-it-will-support-chinese-ipos-abroad-calls-for-closure-on-tech-crackdown.html](https://www.cnbc.com/2022/03/16/china-says-it-will-support-chinese-ipos-abroad-calls-for-closure-on-tech-crackdown.html) + +Seems like the course for Chinese stocks is changing? +There are plenty of conversations around savings, mortgage repayments as a percentage of income and whether redditors are in mortgage stress or not. What I don't see as much and am really interested is how much people typically spend on living. + +We're a modest family of 4 in Perth and spend $5500/m. It's easy for us to calculate as we use our CC for every single transaction and have divided total spend by the 12 months. No car payments, no mortgage. Just bills, food, gifts, weekend entertainment, schooling(government), sports and anything required to cover a family of 4 from one year to the next. + +Really interested to know what others spend on average per month across the year... +If future generations are priced out of home ownership do these future generations simply rent housing from realestate businesses or property owning dynasties? Could subdivision allow future generations to own a sliver of land, perhaps splitting land 4 or more ways? Large groups of people could band together to purchase a standard Australian home. It sounds bleak but interesting to think about, land does not grow on trees. + +I'm curious. +A study by the U.S. Securities and Exchange Commission of forex traders found 70% of traders lose money every quarter on average, and traders typically lose 100% of their money within 12 months. These numbers are no joke and are 100% real, IF you want to daytrade, do it with small amounts and money you can afford to lose. + +I am pro long term holding with money I can lose because mostly I will don´t lose that money if I hold it long enough (solid projects, ETH, BTC). I posted this because a friend of mine told me he lost +$1000 in 2 days. Be warned and just invest & hodl. (Don´t do futures aswell) +A couple of weeks ago, I posted a comment in response to a question about ETFs. This question comes up very often; usually two or three times a week. Maybe more than that. Several people suggested that it be "pinned." I obviously cannot do that, however if a mod wants to pin this, feel free to do so. I did make a few modifications and additions to that comment and for those who haven't gone back to see the changes, I thought I'd post it again here. Hopefully, this helps people who are interested in an investing approach that is either made up of ETFs or that includes ETFs as a part of their portfolio. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**QQQ** \- This one uses the NASDAQ 100 as its benchmark. Obviously it's an Indexed, non-managed ETF. XTF used to rate this one as a perfect 10.0 out of 10 rating, but recently dropped it to 9.9 out of 10. It has one of the highest rates of return over the past 10 years of any ETF. It does tend to be tech-heavy, especially with the FAANG +M stocks. (Facebook, Apple, Amazon, Netflix, Google and Microsoft). Other top holdings include TSLA, NVDA and ADBE. (The rating dropped recently when the portfolio of the NASDAQ 100 was re-balanced). + +**VOO**/**SPY** \- **VOO** and **SPY** are non-managed funds indexed to the S&P 500 Index. These funds are very popular on this subreddit, for good reason. They are well diversified, broad market funds investing in mostly US stocks. XTF rates these funds at 9.6 out of 10 because their return on investment over the long term is somewhat tempered by some of the blue chip stocks in the funds. But those stocks also help reduce volatility relative to some other ETFs. These are solid investments, but keep in mind that in the top 10 holdings there will be a lot of crossover between these funds and other broad market funds that hold US stocks like **QQQ**, **VTI**, **VGT**, **VOOG** and **SPYG**. There are differences, of course, as well, but you always want to know where those duplications exist. + +**IWF** \- This is a Russell 1000 Growth fund. It is one of my favorites that doesn't get talked about much. It does have a lot of crossover with the other funds mentioned above, but the mix is slightly different. Other funds that use the Russell 1000 Growth Index include **RWGV** and **VONG**. I would describe this fund as more aggressive than **VOO/SPY**, less volatile than **QQQ**. **VONE** and **IWB** use the Russell 1000 Index as their benchmark. **SPYG** and **VOOG** use the S&P 500 Growth Index for their benchmark and would be similar (but not identical) to **IWF**, **VONG** and **RWGV**. + +**IWM** \- for someone looking to diversify a little bit, this is a great fund to look into. This fund is a non-managed, indexed fund that uses the Russell 2000 index as its benchmark. The big difference between the Russell 2000 index and many of the the other indexes is that the Russell 2000 index looks at small and mid-cap companies, rather than large-cap companies. Thus, there is zero crossover between this one and the funds mentioned above. While this fund will move up and down with the market, it is often less volatile than the market overall. If you look at the charts, this fund has under-performed some of the other funds over the past few months while the market has been very volatile in an upward direction, but in a crash, this fund would probably outperform the rest of the market. It has a 9.0/10 XTF rating. + +**VXUS** \- Vanguard Total International Index Fund ETF - top holdings include BABA, Tencent, Samsung, Taiwan Semiconductors, Novartis, Toyota. This is a broad market fund investing only in companies overseas. I'm not generally bullish on foreign markets, but this one is a very solid ETF with some companies that are likely to do extremely well for the foreseeable future. XTF rates this one a perfect 10.0 out of 10. + +**EEM** \- iShares MSCI Emerging Markets ETF - This one is going to have a lot of crossover with **VXUS**. It is an Emerging Markets ETF with a lot of focus on China. It includes Alibaba, Tencent, [JD.com](https://jd.com/), along with companies like Samsung and Taiwan Semiconductors. This one should be a solid performer as long as our trade relations with China remain normal. + +**EFA** \- This is another international ETF, but here the focus is mainly on more established companies in Europe and Japan. This is a Large Cap ETF that includes companies like Nestle SA, Roche, Toyota, Novartis and AstraZeneca. + +**S*****ector fund ETFs:*** + +**ICLN**/**TAN/FAN** \- These funds are clean/renewable energy ETFs. ICLN is more broad while TAN focuses more specifically on solar energy and FAN specifically on wind generated energy. I think renewable energy companies are the future. There is no crossover in the top holdings of this fund with the top holdings of QQQ and most of the other broad market funds. Also, these are global, not just US based companies. QCLN and PBW are also renewable energy funds, but they also contain a lot of TSLA, NIO and W.K. H.S. in their top holdings making them "electric vehicle" funds, as well. No problem if you want to add that, but you'll find a lot of Tesla in some of the funds mentioned above. + +**ARK** group of funds: **ARKG**, **ARKF**, **ARKK ARKW**, **ARKQ**, **PRNT** and **IZRL**. These are managed funds investing in companies that invest in disruptive companies in their respective industries. Most posters on this subreddit are bullish on these funds. They are aggressive growth ETFs, but should be considered somewhat risky and volatile. + +* **ARKG** \- Genomic Revolution +* **ARKF** \- Fintech +* **ARKK** \- Disruptive Companies (broader market) +* **ARKW** \- Internet/computer/technology (Telsa is a top holding) +* **ARKQ** \- Robotics and artificial intelligence +* **PRNT** \- 3D printing technology +* **IZRL** \- disruptive companies based in Israel + +**XL series of funds**. Similar to the ARK series, these tend to be more aggressive growth funds, however these are passively managed indexed funds with various benchmarks that usually are overloaded in the better companies within a sector: + +* **XLV** \- Health Care +* **XLK** \- Technology +* **XLY** \- Consumer Discretionary +* **XLF** \- Financial +* **XLU** \- Utilities +* **XLE** \- Energy +* **XLB** \- Materials +* **XLC** \- Communications +* **XLG** \- S&P Top 50 +* **XLI** \- Industrial +* **XLP** \- Consumer Staples +* **XLRE** \- Real Estate + +**CLOUD COMPUTING:** **WCLD**, **SKYY**, **CLOU**, **BUG** and **XIKT**. Of these **WCLD** has the best 52 week performance. Top holdings in **WCLD** include **ZM**, **PLAN**, **CRM**, **CRWD**, **ZEN**, **WDAY**, **TENB**, **PCTY**, **DDOG**, **BL**. Many of these are likely to also appear in **QQQ**, however, they would be in very small percentages as the Cap on these companies is much smaller. + +**Aerospace and Defense:** XAR, ITA, PPA + +**Real Estate:** VNQ, FREL, SCHH, IYR, PSR, BBRE + +**Transportation:** FTXR, XTN, IYT, RGI, JETS + +**Oil/Energy:** IYE, FENY, VDE + +**Consumer Staples:** FSTA, VDC, IECS + +**Media/Entertainment:** IEME, PBS, PEJ, IYC + +**Robotics, AI, Innovative Technologies:** THNQ, ROBO, XITK, SKYY, GDAT + +**Semiconductors:** SOXX, QTEC, QTUM, SMH, FTXL + +**IT:** FTEC, VGT, IWY, IGM, FDN + +**Cyber Security:** HACK, CIBR, IHAK, BUG, FITE + +**Consumer Discretionary:** FDIS, VCR, IEDI, JHMC, IYC + +**5G, Connectivity:** FIVG, NXTG, WUGI + +**Self Driving EV:** IDRV, DRIV, MOTO + +**Gaming/Esports:** NERD, HERO, ESPO, GAMR, SOCL + +**Casinos/Gambling:** BETZ, BJK + +**Online Retail:** IBUY, EBIZ, ONLN, CLIX, GBUY, BUYZ + +**Utilities:** IDU, VPU, FUTY, RYU + +**Health Care:** FHLC, VHT, IYH + +**Medical Devices and Equipment:** IHI, IEHS, XHE + +&#x200B; + +**Other Unique ETFs, non-sector based:** + +**CHGX:** US Large Cap Fossil Fuel Free ETF + +**VIRS:** Biothreat Strategy ETF + +&#x200B; + +&#x200B; + +***A nice portfolio might look something like this:*** + +**20% -** Broad market US fund such as QQQ, VOO or IWF + +**20%** \- VXUS - International + +**20%** \- IWM - Small/Mid-cap broad market fund + +**10%** each in four sector funds of your choice + +*I'm not a financial expert or advisor and this is not financial advice, just an opinion from a random internet person. I do own shares in several, but not all of the funds listed above, including QQQ, IWF, some ARK funds, ICLN, VXUS, etc.* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Edit**: In one of my previous edits, I accidentally erased a bunch of the sector funds. Please feel free to comment with your favorite sector funds and let me know if I forgot to add back some that I had before. +I've been noticing the new FUD campaign is out with freshly made Reddit accounts attacking people that speak about GME and (Bee bee bee why). + +They're getting DESPERATE trying to stir up panic but we're not falling for the same tactics they've been using. Pay no attention to them, give them nothing to talk about, stay humble and keep doing what we've done best. They're flooding posts about how our tickers have "crashed" and are attacking people with "loss" comments. They want YOU to get angry at THEM for trolling you on these subreddits. Enjoy the weekend everyone, keep your mind zen, and your body healthy. + +DRS your shares. DRS everything from these crooks. DRS it until we start seeing people thrown in jail for securities fraud. +Me and my partner are debating on making our first home purchase (~350k) in the Sarnia area. Having been priced out of the GTA, Guelph, and Kitchener. + +Our concern is we’re buying at the top of a dangerous bubble. These concerns stem from rapid price increases with record low interest rates and global economic uncertainty around the pandemic. It doesn’t seem like wages are going up at a rate that supports these drastic price increases year over year. + +We’re not sure if we should get in now while we can get a great detached house in a good neighbourhood or wait and run the risk of being priced out of another market. + +Curious to read your opinions +Dumb me thought the RRSP contribution timeline goes from Jan 1st - Dec31st of the year. Turns out it's from **March 2nd of the tax year (2021)** to **March 1st of the NEXT year (2022)**. + +So long story short, I over-contributed $13k+ to my RRSP on Feb 28th 2022 via my employer's RRSP plan. Later I realized my overcontribution and I'm just trying to figure out how to fix this. + +Here is what I found out from researching online, but I would love it if someone could confirm: + +**Options** + +1. Immediately withdraw the over-contributions. I will get taxed on this withdrawal, but I can file it in the next year's (2022) tax filing as a RRSP contribution, meaning I will get the taxes back in 2023. +2. Keep the overcontribution in the account and pay the 1% penalty fee / month (comes out to around $130 CAD) for each month of 2022 tax year (March 2022 - Feb 2023). Over 12 months this comes out to $1,560 in penalty fees. I will also have to fill out a form (not sure which one) for 2021 tax year filing, I believe. + +I'm not sure if my knowledge of Option #2 is correct. Do I need to pay penalty fees for each month of 2022 tax year? Or is it just 1 month (only 1 month left of 2021 tax year)? + +&#x200B; + +Thanks in advance +As I learned about these registered accounts, I noticed that most people just recommend younger investors to opt for the TFSA. This is usually because the younger investors have lower income, and thus a lower tax bracket. RRSP is often pushed as a 'later on' investing account from my experience. + +Then I learned that RRSP has the benefit of no tax for first time home buyers. I think to myself, what are a lot of young people saving for? For me its a home, and I imagine it's the same for several others. This benefit then places the RRSP as a better account for my goals over a TFSA because: +- RRSP tax credits for contributions +- No tax on first time home purchase + +Maybe I'm missing something here, but isn't it basically "free money" if you get a tax credit back from your contributions, and you essentially get to avoid paying that tax at all in the future because when you pull out of the RRSP for that home down payment, it isn't taxed? + +Thoughts appreciated. +My wife and I will be looking to buy our first home, in Toronto (gulp), soon - we'll start looking actively in March, a couple months before our lease turns month-to-month. + +Between us, we *just* have enough saved for the down payment and surrounding fees. I'm talking about $200 000 flat, aiming to buy something in the $800-$850K range on the outskirts of the city. + +My question is, should we just hold cash right now? Is there any kind of short-term GIC we should buy? I definitely don't want to lose any of our down payment - even a 2-3% drop in a low-medium risk mutual fund would really hurt right now, since that's your land transfer tax right there! + +Edit: thanks everyone for the great advice. Consensus seems to be to sit in cash, or put it into a HISA. Because a tonne of this is already in our TFSA's, I'm going to leave it there, just in case we don't need the purchase and then I wish I hadn't taken it out chasing a super low return. Didn't know r/personalfinancecanada existed so thanks for pointing that out, too. +Rep. Tom Emmer, the most vocal proponent of GG's removal, gets TONS of campaign donations from financial organizations that don't like what GG is trying to doing. + +Check it out: + +[Digital Currency Group = Greyscale Investments ... the same Greyscale that is suing the SEC to be able to convert $GBTC into a Bitcoin spot ETF.](https://preview.redd.it/07yy3j8n5jz91.jpg?width=1024&format=pjpg&auto=webp&s=e0ed6e853a4518a1195142311d66bedb555c61c0) + +Furthermore, Emmer has been a consistent opponent of transparency in the marketplace, and has cheered rollbacks and stifling of key Dodd-Frank reporting requirements. + +https://preview.redd.it/aaxwzoxv5jz91.png?width=1692&format=png&auto=webp&s=f5694a816ec56934e5f06f94da66990ea08259da + +https://preview.redd.it/r18djfaw5jz91.png?width=1686&format=png&auto=webp&s=5284f980ceca5de00e20d70cc0376e7ec2922c65 + +This guy (Emmer) is no friend of apes, retail investors, or marketplace transparency and fairness. The sudden rise of "Gary Gensler has to go" posts is super, super sus. + +In my mind, the jury is still out on GG. Yes, at face value he looks like a big pussy. But I do like some of the new regulations I've seen, as well as the ongoing DOJ investigations that have been initiated by the SEC (they do take time, but they are ongoing which is reassuring). Of course, the proof is in the pudding and we haven't been served much of that yet. But soon, hopefully. Personally, I'm going to give the process time and space. + +At any rate, question this latest round of attacks on GG, and understand where they are coming from. Make no mistake — GG is making moves that industry big wigs don't like. If he weren't, politicians would be keeping their mouths shut. +I am finally done with investing/options, I finally give up, I watched Starbucks drop $10 straight in front of my face and I wanted to make a put the whole time, I finally do and every single last fucking day since the price goes up multiple percent, I fucking quit. All I do is lose no matter how much I learn, I’ve been doing this for 2 years and I still can’t figure it out so I’m withdrawing my cash shutting down my brokerage accounts and I’m just fucking done + +Edit: I’m not actually gonna quit I just wasn’t thinking clearly this morning. I basically had no strategy other then just entering for the sake of entering which not only do I know to never do, but I’ve learned from in my past and vowed not to do, I’m 18 and my brain isn’t developed yet so I guess I can’t make rational choices but I’m going to take a break and evaluate the situation so I can come back and be profitable, I’m going to paper trade options because I can’t seem to be consistent, I deposited $400, dropped to $150, got back to $509, and I’m currently at $70 because I deposited $250 into my account, and sent $50 to forex. So basically $400 to $150 to $370, this isn’t the biggest f*** up but it just rattled my fucken nerves this morning lmao, I have a fat ass headache and I feel sick rn but that’s just mental, I’ll be completely over this in 72 hours. +I have oil stocks that i bought for dirt cheap at their lowest when oil went to negative 36 a barrell. + +They have had a good run and pay a good dividend, my question is should i keep them and continue recieveing the nice dividends i locked in, or sell and reposition my portfolio that is mainly in index funds at the moment other than the Oils. They are down from 52 week highs and i am trying to figure out it the timing for this is late, early, or if judgement is still out. + +Thanks +Over the last month, I've lost all of my earnings, and it's turned me into an emotional trader. I've had a roller coaster ride with options, but lately, I've lost a lot of money in the last month that I'm dead inside and don't think I'll ever be able to trade logically again without being hampered by emotions. + +As an example, around March I sold my Tesla shares for $300 less than what I paid for it. However, Tesla stock soared afterward, and if I hadn't used my paper hand, I would have been getting greens by around 40%. + +My problem was that I didn't plan ahead of time before initiating a deal. I really just have emotion to bargain with. Before entering any trade-in, I should've had an exit strategy in place and established what I was seeking to achieve and being realistic. Any advice on how to be less emotionally invested in your trades would be appreciated... +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) +Not sure how much interest this will generate, but I've seen the topic of a sabbatical pop up on occasion. My spouse and I did one and ended up on a slightly non traditional FIRE path. I had a few folks ask for an AMA, so here it goes. Try not to flame me too hard, eh? + + +Background +Married couple in our late 20s. Let's call us Adam and Jane. We started our relationship in our mid 20s both with a net worth of essentially zero. Adam's net worth was due to paying off student loans. My net worth was due to a previous marriage to an irresponsible guy and our subsequent divorce. + +Current combined stats +Net worth: about 500k, not including home +Home: 200k with about 100k left on the mortgage, which we choose to not pay off yet due to the low interest rate +Annual income: 200k-240k depending on bonuses and stock options +Savings rate: about 50% +Investments are mostly ETFs or index funds as we are both very risk averse +No significant passive income other than listed above + +We were both getting a bit burned out from the working world and the stresses of daily life, so we decided that we needed a sabbatical so as to not burn out. + +Experiment design +Adam to take off 2 months. After his first month off, I would take off 2 months. This left us with each having one month off while the other worked and one month off together. We wanted to explore the dynamics of one of us working while the other retired, such as would occur with staggered retirement dates or if one of us wanted to take time off for kids, as well as how we would fare with being together almost 24/7. We both set goals for our time off in terms of projects, activities, and other things that we wanted to accomplish during our time off. + +Experiment execution and results + +Summary: +Adam took off his two months and he flourished. I took off 2 months and became a glorified bump on the log. Around the 1.5 month mark, I realized that I got almost none of my goals completed and extended my leave by a month to a total of 3 months. I got more done in that last month than I did in the previous 2 months. + +Adam's first month: +Adam took a week to clear his head and mostly played a lot of video games. After that break he started his to do list. He had few house projects that were bugging him as well as some personal learning goals. During this time, he kept our household running, doing 90% of the chores and errands. Adam is an introvert, so the lack of social interaction during the day time didn't bother him, and when I got home from work, he would still have a good amount of energy to go out and do various fun activities with me. This is as opposed to our normal working schedule where he is too tired after work to do much other than sometimes doing the dishes after dinner. Even with assuming 90% of the household responsibilities, he still had a few days during the week where he got to indulge in playing video games all day. Overall, Adam had a good experience with his time off. + +Our combined month off: +We took a few road trips that were a lot of fun, tackled some combined house projects and worked on "us". The working on us was important, as we had a few festering issues in our relationship. Nothing that was a deal breaker, but we weren't seeing eye to eye and it could lead to hurt feelings and disappointment in the future. Since the break gave us a lot of free time, we spent a ton of time talking, understanding, and compromising. +We were concerned that spending 24/7 with each other was going to make us hate each other, but, thankfully, that didn't happen. We had a few little spats, but they were very minor and nothing that wasn't resolved within a few hours or less. +The biggest problem during this time was that, because we spent so much together, our regular conversations got boring. When we were separated during the day, we'd text/message on and off throughout the day then do most of our talking during the evening. When we spent all our time together, we stopped being able to share the funny stories about our day because we were both there. + +Jane's time off alone: +Whew... while the first month wasn't an epic fail, it was not a productive use of time. I had planned to go visit friends across the country, I wanted to cook through a cook book, and brush up on my technical skills so I could slip back into the work routine seamlessly. I wanted to get in shape with biking at least 20 miles a day for cardio, free weights for building muscle and doing at least an hour of yoga every day. +Instead, most of my days consisted of sleeping in, going to yoga, reading Reddit, and playing way too much candy crush and Pokémon go. I was always behind on chores, and my cooking was sporadic and basic when done. As much as Adam is an introvert, I am an extreme extrovert. With all that isolation and general laziness, I became depressed and stagnant. I did meet people and make new friends, but, while not true for everyone, the bulk of the people that I met who had free time during the day every day were not as... driven or disciplined in their life. These folks were fun to hang out with for superficial relationships, but I would have had a hard time relating to them long term. +After almost a month of being a boring bump on a log, I realized that my break was almost over and kicked it into high gear. I extended my leave by a month (I had this option prior to taking the break) and really focused on knocking things off my to do list. This additional month was a better use of my time, as I managed to go on one trip, complete a few house projects, and I spent time working out what makes me happy and what gives me purpose. + +Results/conclusions +Based on my experience, I realized that RE was not for me. I will likely want to be working in some fashion, even if it's just part time consulting, until 55 or later. My job was burning me out because I was pushing myself to advance as quickly as possible so that I could accumulate enough wealth to retire early. Adam realized that he loved his time off and has renewed motivation to pursue it. Adam is willing to decrease his lifestyle to retire early, whereas I would rather maintain it as I plan to be working anyway. We reworked our career and retirement plans to reflect FI with us retiring at separate times. To balance the budget, Adam has a much smaller fun budget than I do. Adam will retire when we accomplish FI with the basic expenditures, in 5-10 years, and I am taking a more laid back approach to my career and will maybe retire when I hit 55. If I decide to not retire when we reach FI with our currently lifestyle, we'll let our lifestyle creep up to whatever is sustainable if I were to lose my job. + +Tl;dr: Tried a sabbatical to see how we'd like early retirement. I disliked it, husband loved it. Now we're planning on retiring at separate times and updated our mutual and individual budgets/career to reflect our new plans. + +I glossed over some details, but that's the basics of our experiment. We're glad that we did it, learned about each other and ourselves, and we're much happier with our updated goals. AMA. + +14 Jan edit: I think that I answered all the questions. If I've missed any, feel free to pm me. Best of luck to all of you on your FIRE journey, whatever it may be! +I've been working on an 'Option Finder' for the calculator, which lets you choose an underlying, and the expected stock price and date, to see the top 3 calls or puts by ROI on max-risk. + +&#x200B; + +https://preview.redd.it/dx207kgx3j651.png?width=972&format=png&auto=webp&s=bc7a6690288c603a7832c9390af7d4fedd4cc2b7 + +If anyone is interested to take a look, please check it out. If you see any issues with the results that are suggested, please let me know. + +You can use this link to activate the menu item: + +[https://www.optionsprofitcalculator.com/option-finder.html?email=reddit&c=92c8a026ec704b0ccc6dd606ffbc1471](https://www.optionsprofitcalculator.com/option-finder.html?email=reddit&c=92c8a026ec704b0ccc6dd606ffbc1471) + +Notes: + +* Filters out non-liquid options (this isn't a penny options substitute) +* Currently only finds Long Call or Long Puts. I'm holding off on multi-leg strategy suggestions for now, as the list of different leg permutations gets big real fast. + +As always (if only it didn't have to be so), the estimates are subject to changes in IV, although if your target date is an expiry, the most profitable options tend to be expiring that day anyway, so should be fairly accurate since the option's value will be mostly intrinsic. + +\--- + +Edit: Thanks for all the love, peeps! Since this feature ranks to maximize ROI, it is inherently ignorant of outcomes where the stock does *not* reach the target price. Adding the calculation to view the results matrix is the best way to get a feel for that, then you can adjust the strike according to your appetite for risk. +Le'ts say my wife and I want to spend 2 months in Eastern and Southern Europe. We would like an average rate of let us say $600 a night for hotels but are flexible if that is too low, all travel sorted and tours booked. Who can make this happen? + +I do not want to spend hours and hours trying to sort out trains or trying to find out how to get a car to go to that city or this city. I' be willing to hire a guy and a car to drive us around. Using websites to book stuff is a huge pain when it is the first time for all these new countries and services. + +I have a $50M USD saved up and after COVID cools down I want to start enjoying life. No more backpacking for me, but how? + +Also this would be a yearly thing. Every year 2 or 3 months in some new place. + +Any tips at all would be awesome, thank you. + +Edit: We are mid 30's and are not looking to join large group tours for most locations, but for some locations it would be fine. +Originally from California, over past couple years I spent time living in NYC, Boston, Chicago, LA, Bay Area, and about 10 different countries across Asia and Europe. + +There were some distinct aspects I liked about Europe namely the great public transport, it was quite aesthetic, less obsession on work culture (lower salaries too, but that didn't affect me). Obviously my hometown is where my heart is so I would go back and visit often and see parents, but I kind of disliked how exorbitantly expensive California would get. I looked at homes there in the low 7 figure range and they just weren't used to the standard of living that I was used to abroad. There was also sometimes shocking levels of hate-crimes or general violence that I would read about in the news, sure some of it is sensationalized but it just seemed weird that you could have a 5m condo in SF yet still have drug addicts on your doorstep. BTW I enjoyed how rehabilitative a lot of European cultures are, rather than being punitive like the West is. Politics in the West seem crazy and out of control. That being said there are obvious downsides to living in Europe and potentially raising a family there, namely less individualism (which has pros and cons) and other things that I don't really feel like typing all the way out. + +Currently I split time between the States and Europe/Asia, 3-6 months or so in the States. I am thinking of getting a condo there so it feels more permanent. I eventually would like a forever home and a family, but moving around so much kind of inhibits that goal. On the contrary, I find it hard to commit myself to getting a place in the US. Sure I am homesick sometimes, but a lot of my US friends talk about how I have become distinctly European with a lot of my values. + +Wondering if others have been in my shoes before and have advice. Thanks in advance. +Hello all, + +There are so many posts about people achieving fatFIRE through tech, law, or finance. While I know people aren’t supposed to pursue medicine in order to get rich, I am wondering if any doctors are on here that have fatFIREd through other business ventures, investing, owning a private practice, etc... + +My background: I am about to graduate with an engineering degree, but plan on attending med school. All my friends are pursuing tech and finance and are making bank on their internships. While I am strongly interested in medicine, I still want to become fatFIRE one day, and am wondering if that’s possible. +Confirmed, as reported in multiple channels in the last 12 hours. + +Can you imagine how desperate one would need to be to shore up their collateral against massive short positions with Russian debt? + +Mama, this makes my pee pee point to the sun…. + +Das Vadanya, Komrade Kenski + +https://www.nbcnews.com/news/amp/rcna19584 + This is the one! This is the app that will make you more money than any other app you are using so far. Also the app is free for now to give you a taste but you will need to hold the coin to be able to use it next week. So the price is going to go up fast. I have no connection to this dev I just like posting coins with a real world use case and not meme coins. I have mad a lot of money just using it for 3 days. Just try you can use it for free now. But dont miss out on getting the premium benefits for a cheap price while people dont know what it is! Lets make some money! + +Important news: Dev burnt $100k of his own coins to proof this is not a rugpull, he is serious with this project. Proof: [https://bscscan.com/tx/0xc69f4e76e216982e1079d2f959d9e8b275a9ee1e4dc6840533e5d9bed332bce1](https://bscscan.com/tx/0xc69f4e76e216982e1079d2f959d9e8b275a9ee1e4dc6840533e5d9bed332bce1) + +Are you tired of coins that promise a lot and deliver nothing? Well Moonarch is nothing like that, it already has a working product straight of the gate. Moonarch is designed to be a dashboard for new shitcoins on the BSC platform, with the following features: + +1. List of all the tokens in your wallet, with links to pancake, poocoin, bscscan. Also with the right $ value of all coins. +2. Whale wallet tracking +3. List of gainers, 15s, 1m onwards +4. Token events (release etc.) + +All of this is auto-updating and there will be more to come This could truly be a competitor to Poocoin and Bogged Tools and with only a 4,5 Million market cap, you're still very early! + +​🌕 CHECK OUT THE TOOL: [https://moonarch.app/](https://moonarch.app/) + +🌕 JOIN TELEGRAM: [https://t.me/moonarch\_chat](https://t.me/moonarch_chat) + +🌕 WHY SHOULD YOU BUY MOONARCH: • A token with a purpose • Working dashboard tool already ​ • Liquidity locked • Early entry into a gem + +🌕 TOKENOMICS • 100 000 000 total supply • 10 000 000 burnt at launch • 3% of each transaction redistributed to holders • 5% of each transaction sent to liquidity • Whale protection: 2% max supply by holder and 1% max supply by transaction 🌕 INSIGHTS + +• Launched yesterday​ • Website already functional • Backed by a strong community • Active Dev in Telegram + +🌕 CONTRACT: 0xaf96a19c2dd4a0f6b077d9481fcc8c9102faa141 + +🌕 PANCAKESWAP: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xaf96a19c2DD4a0f6B077D9481fCc8C9102FAa141](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xaf96a19c2DD4a0f6B077D9481fCc8C9102FAa141) + +​This post was made by the community, this project seems legit but always remember to do your own research! +I’ve been in the crypto space since 2017, and this bear market is leading us to some exciting times! + +As the bear continues, and as a general rule, I am becoming more and more of a loopring maxi. + +Here is why. + +1. ZK rollups are the future of web 3, and reduce transaction fees massively. + +2. Minting an NFT on loopring network is a fraction of competing marketplace costs. + +3. The loopring market cap is tiny compared to other less ambitious products. So much room to grow. Once the bear market is over smart money will flock to a humblecap like Loopring. + +4. Daddy V (Vitalik) has namedropped us no less than 4 times on various podcasts, unprompted. This is a huge thing as he usually remains impartial. + +5. The GameStop connection is massive. GameStop has always been at the forefront of innovation and is the #1 name when it comes to purchasing new games or gaming tech. This cannot be understated and I am so bullish for the future of loopring now they are formally partnered! +[Power to the players!](https://nft.gamestop.com) + +6. Loopring stores your KYC and all user information permanently and securely on-cloud in accordance with PRC law, which is convenient as you never have to validate it periodically (looking at you, Binance!) + [Link to their privacy and security policy](https://static.loopring.io/documents/markdown/privacy_en.md) + +7. The permanent storage of your information is for any possible future disputes. This is huge, as a massive downside of ETH and BTC is sending to wrong addresses and burning your tokens. With loopring, this is the first DeFi system to offer this kind of user security, not unlike PayPal. + +8. Public sentiment and community. The loopring sub is amazing and welcoming. The discord is hugely useful. The public is also beginning to wake up to the huge utility of NFT - it is not just monkey pictures. + +9. The FUD here on reddit - you will see a lot of anti-loopring/ GME posts and comments. Resistance is bullish, as there must be a reason to try to suppress a good project. + +10. The response to the FUD - I frequently see comments unfairly criticising loopring be downvoted fairly quickly. This shows the community is aware of the great utility of loopring, and that we are moving on from unfounded criticism. We are so early! + +11. Future partnerships in the works - a fair amount of contributors in the GitHub are from large organisations such as Amazon and Alibaa. This cannot be overlooked. + +12. Looprings fee-cutting tech has helped out ETH ahead of the merge, as people have now gotten a taste for cheap transactions and minting on the ETH network. + +13. The loopring wallet is amazing and seamless. Imagine Fantom wallet but even better. This is the future. +[Here’s the link to give it a try!](https://loopring.org/#/) + +14. The open and honest nature of the dev team. Check out [their github](https://github.com/Loopring) - they are constantly updating and providing bug fixes as well as communicating with the public. + + +There are honestly so many more points, but I wanted to provide some during this bear market as it leaves more room for open and honest discussion. I am so incredibly bullish for the future of crypto, and the ETH-LRC wombo-combo is one that is very understated! + +Edit: point 9 being displayed in this thread by the paid FUDders! + +Edit 2: thanks for the suicide bot report, kind stranger! +I'm not yet RE, but two years ago I stopped working for someone else to work for myself. I've found one of the greatest things about being my own boss is walking my dog around the block in the morning without feeling rushed, and watering the plants in my garden before starting to work. It's my own "commute" to my home office. Total cost? Virtually zero. But it connects me to the world and the moment and my good life. So for those of you that have RE, what has happily surprised you about RE - what gives you great joy/satisfaction at a relatively good price? +**What is Assertio Therapeutics?** +* They are formerly known as Depomed, they have transformed theur company with a current focus on [three FDA-approved products](https://www.assertiotx.com/) in their core areas of neurology, orphan, and specialty medicines as they continue to identify, license, and develop new products that offer enhanced options for patients who may be underserved by existing therapies.  + +**Assertio Pipeline Products** +* Currently, Assertio had two products that are past P3 of clinical trails and have been [Submitted to the FDA](https://www.assertiotx.com/products-and-pipeline/pipeline/) + for approval, those products are: +- Diclofenac Potassium: Mild/moderate acute pain 12-17 years +- Long-acting Cosyntropin: Diagnosis of Adrenal Insufficiency + +This is very important due to fact that if they are approved, it will provide a huge jump to their stock price/value + +**Their patented technology** +* Their [patented technology is known as Acuform. It is a patented polymer-based tech designed to optimize drug delivery.](https://www.assertiotx.com/products-and-pipeline/technology/) +* Acuform technology is currently being used in multiple marketed products and being evaluated internally and with other potential partners for many additional compounds. +* With Acuform technology, unique swelling polymers allow tablets to be retained in the stomach—the preferential absorption site for many oral drugs—for 8–10 hours vs the 3 hours seen with immediate-release and some extended-release formulations. +* This gradual, extended release allows for more drug absorption in the upper GI tract, offering the potential for greater efficacy and increased tolerability, with the convenience of once- or twice-daily dosing. +* Tablets utilizing Acuform technology can be tailored to deliver new drug combinations of varying properties, either simultaneously or sequentially, for a wide array of product possibilities +* Here is a [link for the actual Acuform patent](https://patents.google.com/patent/US6723340B2/en) if you're interested in reading it. + +**Q1 2020 Financials/reports** +* [The first Quarter of 2020](http://investor.assertiotx.com/news-releases/news-release-details/assertio-therapeutics-announces-first-quarter-2020-results) + proved to be the beginning of what is set to be an amazing year financial and medically for Assertio Therapeutics. +* Their [EPS](https://finance.yahoo.com/news/assertio-asrt-beats-q1-earnings-143502488.html) + was .10 thus beating set EPS expectations of -.08 by 225% +*Their [revenue for Q1](https://finance.yahoo.com/news/assertio-asrt-beats-q1-earnings-143502488.html) + was $20.92 Million thus beating set revenue expectations of $11.3 Million by 85.16% + +**You may wonder how/why their revenue is considered positive despite it being 30M less than the previous quarter. I'll explain why right now** +* The reason for the revenue being considered positive despite it lower than the previous quarter is due to the fact of the sales of two of their drugs to other companies + +**Sales of both NUCYNTA &Gralise** +* [Assertio sold NUCYNTA franchise to collegium pharmaceuticals](https://www.globenewswire.com/news-release/2020/02/06/1981407/0/en/Assertio-Therapeutics-Announces-Sale-of-NUCYNTA-Franchise-to-Collegium-Pharmaceutical-for-375-0-Million.html) for a total of $375 million dollars in addition, they also paid for inventory relating to NUCYNTA +* [They sold Gralise to Alvogen](https://www.globenewswire.com/news-release/2019/12/12/1959802/0/en/Assertio-Therapeutics-Announces-Sale-of-Gralise-for-Total-Transaction-Value-of-127-5-Million.html) for a total of $127.5 Million dollars, plus inventory +* Sold both for a combined total of [$502.5 Million dollars](http://investor.assertiotx.com/news-releases/news-release-details/assertio-therapeutics-announces-first-quarter-2020-results) + +**Why the sale of two high earning products is amazing & what it sets up for Q2-Q4 of 2020** +* With the combined sale of NUCYNTA & Gralise for $502M, Assertio was able to [repay their senior debt in full](https://www.biospace.com/article/releases/assertio-therapeutics-announces-closing-of-sale-of-nucynta-franchise-to-collegium-pharmaceutical-for-375-0-millionalso-announces-its-senior-secured-debt-has-been-repaid-in-full/) +* Repaying their Senior debt in full is amazing because with the sale closing and the accelerated repayment of their senior debt obligations, it allows Assertio Therapeutics the ability to invest in their core business which will help them build and grow for the future. +* [the Company has also retired substantially all of its outstanding Convertible Notes](http://investor.assertiotx.com/news-releases/news-release-details/assertio-therapeutics-announces-first-quarter-2020-results) through $188.0 million of privately negotiated purchase agreements and a tender of an additional $76.7 million. +* The sale of NUCYNTA & Gralise sets up the the merger of Assertio Therapeutics with Zyla + +**The Merger of Zyla into Assertio Therapeutics** +* Early 2020, Assertio Therapeutics [announces the agreement to merge with Zyla](https://www.globenewswire.com/news-release/2020/03/16/2001519/0/en/Assertio-Therapeutics-Agrees-to-Merge-with-Zyla-Life-Sciences-to-Create-Synergistic-Portfolio-of-Neurology-and-Non-Opioid-Pain-Products.html) Life Sciences to create a synergestic portfolio of Neurology & non-opiod pain products. +*The merged company will remain where Assertio is based, in Lake Forrest Illinois. +* The merged company will keep Assertio's name and trade on Nasdaq under the ASRT ticker symbol. +* Assertio therapeutics will hold 68% ownership & Zyla will hold 32% ownership of the merged company +* Under the deal, Zyla stockholders will receive 2.5 common shares of the combined company for each common share of Zyla held. +* The Merger is set to close after the shareholders meeting on May 19th + +**Why the Merger with positively impact share price/company** +* The merger between the companies Expects to capture significant operating and product portfolio synergies upwards of $40 Million, [accelerating revenue growth and creating shareholder value](https://www.globenewswire.com/news-release/2020/03/16/2001519/0/en/Assertio-Therapeutics-Agrees-to-Merge-with-Zyla-Life-Sciences-to-Create-Synergistic-Portfolio-of-Neurology-and-Non-Opioid-Pain-Products.html) +* The combined company will have a leading portfolio of branded non-steroidal anti-inflammatory drugs (NSAIDs) commonly used by neurologists, orthopedic surgeons, internists, women’s health providers, podiatrists and pain care specialists +* The new company will have the platform, profitability and financial strength to both grow its existing portfolio and acquire additional complementary assets. +* Assertio said the [combined company has pro forma 2019 net product sales of about $128 million and is expected to have product portfolio synergies of over $40 million.](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/assertio-therapeutics-zyla-life-sciences-to-merge-in-all-stock-deal-57610373) +* the Assertio board of directors’ expectation that the combined company will have a stronger +financial position than Assertio on a stand-alone basis, with attractive pro forma revenues, 2020 non-GAAP adjusted EBITDA margin expected to be greater than 25% and anticipated 2020 debt to EBITDA leverage of two times +* the Assertio board of directors’ belief that combining Assertio with Zyla would establish the largest portfolio of branded NSAIDs in the United States, significantly enhancing the competitive position of the combined company by providing increased scale and broader commercial reach, and providing opportunities to expand into new therapeutic areas +* Set to increase shareholder's value +* Here are links to the SEC filings & their presentations regarding the merger and the benefits of the merger: + - [Link 1](https://www.sec.gov/Archives/edgar/data/1005201/000104746920002442/a2241426zdef14a.htm#bi10001_about_this_joint_proxy_statement/prospectus) + - [Link 2](http://investor.assertiotx.com/static-files/77bac922-0f6c-41cb-a78e-5abd6ba3ef69) + - [Link 3](http://investor.assertiotx.com/static-files/81290326-b4a8-4156-872b-6e90487dcbdd) +- [Link 4](http://investor.assertiotx.com/news-releases/news-release-details/assertio-therapeutics-agrees-merge-zyla-life-sciences-create) + +**One of the best bits of information that came out of Q1 is that with the sale of Gralise & NUCYNTA and the repayment of their senior debt obligations, Assertio Therapeutics are currently on [track to having zero debt.](http://investor.assertiotx.com/static-files/81290326-b4a8-4156-872b-6e90487dcbdd) + +**Target Price/Forecasts** +* The Wallstreet journal sets their [Target Price](https://www.wsj.com/market-data/quotes/ASRT/research-ratings) at $1.35 +* CNN money sets their [target price](https://money.cnn.com/quote/forecast/forecast.html?symb=ASRT) at $1.35 +* Zacks sets ASRT as a **strong buy** and sets their [target price](https://www.zacks.com/stock/research/ASRT/company-reports) at $1.35 +* Finviz sets their [target price](https://finviz.com/quote.ashx?t=ASRT) at $1.35 +*Zyla Life sciences currently trades at $2.00 on the OTC Market + +**Final thoughts & comments** +* As I always tell you guys, this is just a very detailed post containing as much useful information I could find and write about so you guys can read and make your own well informed decision. At the end of the day, it is upto you if you decide to purchase shares and how much you'll purchase. What I'm doing for you is that I want to give you guys the best knowledge possible before you make your decision. + +* I genuinely believe in their products and I believe in their CEOs and I believe in the merger. +* The way they are handling and changing courses for this year has been incredibly successful so far & the proof is there with those sales and with beating set expectations of them by wide margins. +* Not only that, but theyre responsible with the new large amounts of cash they've received and the proof is there with them fully paying off their debt +* [Plus the CEOs of Assertio & Zyla who will be running the newly merged company have 25 & 35 years of experience and have previously held high ranking positions](http://investor.assertiotx.com/static-files/81290326-b4a8-4156-872b-6e90487dcbdd) with Bayer, Abbot Laboratories pharmaceutical division, Enzon pharmaceuticals & Horizon Therapeutics + +* For those reasons mentioned above, I firmly believe this company will be trading higher than the $1.35 target price. +* I personally own 600 shares of $ASRT (bought in at .77) +* I'll be holding these shares through Q2-Q4 + +I hope this post helps you guys out and I hope everyone has a great day & hope you all have been having a good week as well :) +Example: Uber has a buy rating from 32 analysts, and only 1 sell rating, and a median price target over $60 (Uber is currently trading at $43). However, Uber is still not profitable and does not have any catalysts. What do these 32 analysts know that we don’t because it seems like they are all wrong.... + +Please explain how I should interpret analyst ratings, especially when analysts have strong bullish sentiment on what appears to be a bearish stock. + +I’m posting on r/thetagang because you pepz know options trading and markets and r/investing automod won’t let me post this question for some reason. +I have a 150k cash account. + +Thinking about putting 50k into each trade for options expiring 6/18. + +* I'm okay holding these longer if they go down, but my goal is to get in and out of all positions in a week. +* I'm okay getting the shares called away. +* My goal is to make money from the premiums, not the appreciation in the stock price. + +&#x200B; + +**AMC** + +https://preview.redd.it/658eq8557y471.png?width=1109&format=png&auto=webp&s=ab36760be2c2b155501e20203dafb359bdf9e934 + +Buy 1,000 shares at 50. + +Sell 10 calls at 50 strike. + +If option expires (ATM, OTM, ITM doesn't matter) profit is 7.15 \* 10 \* 100 = $7,150 + +&#x200B; + +**WISH** + +https://preview.redd.it/z3kx5q216y471.png?width=1112&format=png&auto=webp&s=768202bfdfbf8813ccdd6912cdfa0c6da51de2ec + +Buy 5,000 shares at 10. + +Sell 50 calls at 10 strike. + +If option expires (ATM, OTM, ITM doesn't matter) profit is 0.9 \* 50 \* 100 = $4,500 + +&#x200B; + +**CLOV:** + +https://preview.redd.it/ty7u5yih5y471.png?width=1127&format=png&auto=webp&s=2fb47a0be20161bf7a09a5da7a60c1682da7433b + +Buy 3,300 shares at 15. + +Sell 33 calls at 14 strike. + +If option expires ITM - profit is 1.15 \* 33 \* 100 = $3,795 + +If option expires OTM - profit is 2.15 \* 33 \* 100 = $7,095 +So the premium on AMC is absolute insanity. I am currently short 35 contracts (220122$10P) that I sold for an average of $1.94 (currently $1.32). Outstanding profit so far. + +Due to this crazy premium I was looking at Jan 2023 puts on AMC which have an IV around 150%. 150%!! So if you were to sell $10 CSPs for Jan 2023 and leverage the credits you could exit (584 days from now) with a 47% gain (\~29% annualized). + +If you did this with $15P it works out to 69% $15P and 84% with $20P. + +During the GME craziness IV fell off hard after the stock came back to 100% over the pre-squeeze price of $20. I would expect the same thing with AMC and could probably exit this position with 50% of the profit after a couple months. + +Obviously if you leveraged your credits with new CSPs the max loss is 100% (assuming AMC goes bankrupt) so that is the risk. Honestly though, has anyone done any long term CSPs like this? +Over the last year or two, 90% of WSB has become people complaining that Elon Musk / Vlad / JPow / Trump / lizard people are robbing retail investors of their well deserved tendies. I can barely see any DD or gain/loss porn on the front page. + +I hate that WSB is now infected with the "rich people bad" virus. It used to be a safe haven without teenage communists that reside in /r/politics, /r/worldnews and /r/finance, but sadly now it's not. + +Let me tell you one thing: when you gamble, you will most likely lose money. And that's not because some billionaire or politician ripped you off. Yes, they manipulate the market, but that's not why your penny stock tanked. You lose money because you're retarded enough to buy options instead of investing in blue chips on long term. You take higher risks, and sometimes the odds are not in your favor. Suck it up, post a loss porn and quit complaining. + +Uh I mean I'll have classic chicken and small fries. +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 +Hey, I recently told a friend I spend roughly $200/week on groceries living alone, and they looked at me like I'm some kind of madman. I acknowledge that my grocery bill is about $50/week higher because I buy more expensive meats for my own meals, But I can't honestly imagine dropping my total grocery bill under $150/week. How much do you guys spend? + +When I say groceries I mean everything you buy from a supermarket: Toilet paper, cleaning products, shampoo, panadol/basic medicine etc. +So the international border will be open to Australians and PRs looking to come back into the country. + +There is supposedly a backlog of thousands. I take it that these Australians overseas are of the professional worker categories? Banking in London, US and so on? And their spouses and dependents. + +What will happen to housing in the next 12 months then? How will the market cater for these people who I suppose won't be living with mum and dad? + + +And they'd need to buy a vehicle too.... + +..while the interest rates are at all time lows. + +Will 2022 be a repeat of 2021? +I am returning to Australia from overseas soon. As we all know, car prices are ridiculous at the moment and could remain so for another year or two. I sold my car a couple of years ago for obvious reasons (not being in the country) and now have to consider my transport options going forward. + +I currently own a decent Giant bike that I really need to use more often, so I thought it might be a good idea converting it into an electric bike for commuting to work daily among other things. + +Has anyone done this and is it a viable solution? What are the advantages and what are the drawbacks? + +At this stage I don't exactly need a car for daily use and would like to at least wait out the current supply shortage issues that have driven the market prices up. Also I could use the savings to go towards future outright car purchase. Plus fitness is a bonus. + +Would love to hear from anyone that has done or is doing this. + +Public transport and Uber would comprise the remainder of my transport needs. +I work in wholesale cars; and for a long run over the last couple years there have plenty of cars that were possible to order new and then immediately resell for a profit (Rav4s, Jimnys, Camry hybrids) being some good current ones. I’ve noticed lots of these sellers coming through if you look at second hand Tesla’s on carsales almost all are private sellers/dealers trying to make a profit and I feel there’s a little mini bubble about to pop here. Everyone that offers me one seems to be saying they have more on the way and family members have some for sale - also with the volumes of listings and price starting to go down and just cost or living pressure I feel there’s a real bubble here. Especially if Tesla doesn’t keep increasing price. There are plenty of cars this was possible but isn’t anymore (Ford rangers) Doesn’t look like one that can make me any money but I just wondered if anyone else had thoughts on it or is currently doing it it themselves. +I'm going to help explain this phenomena, because this is how big players enter or exit a market. This is how they create the liquidity they need, while eliminating the slippage which they don't want. I've had a few people lately that completely didn't understand this, and I figured there could be a lot of new investors (not just crypto, but market investors) that could benefit from a thorough explanation of this maneuver. + +This isnt about trying to make a profit. It's not a day trading tool. It's a market entrance tool (sell wall) or a market exit tool (buy wall). + +Lets talk sell walls first. + +You are trying to buy as much as you can without moving the price. Your goal is to lower the average value of a massive 10 million dollar buy. So you spend 1M over the counter and put it up as a sell wall, then buy the next 10M from people undercutting your sell wall, scared because they think it's insane selling pressure. Its not, it just looks like it. You open up liquidity by panicking people who are now selling into you. You may lose that 1M sell wall, but in the time you do, you picked up 10M off of the undercutters, and you did it without raising the price of the commodity you were buying, which you would have done if you just market bought 10M. Sure you would love to OTC buy 10M, but if only 1M is available, then this is how you leverage that first 1M into 9M more. + +Again, this is a very well known tool the big players use, and it has nothing to do with crypto. This happens every day in the stock market. + +It doesnt work in a bull market because people will buy through that 1M wall. But at the same time, you did still manage to lower your entry by scooping up so much as you could, even if that was only 1.5M it still worked. + +In a bear market, or sideways market (and your wall in and of itself creates stability until it's broken through), you can pick up way more than your wall, just by slurping up undercutters. + +It's a tactic that is as old as markets have existed. It's not some fantasy I thought up, it happens every single day, especially in smaller markets like crypto. Crypto is growing and volume is impressive, but it's still peanuts compared to trying to do that with amazon stock, or gold, etc. + +So it works best in sideways or slightly bearish markets. It is a massive sell wall that looks terrifying, but in reality it is actually a very bullish indicator. And this isnt just me and my opinion, go look up "are sell walls bearish or bullish". + +The opposite is true too... + +Buy walls + +A massive buy wall looks like someone really wants in (and it *might* be as simple as that), and it looks like the price wont fall lower because it has to penetrate that wall. In reality, if the buy wall is some whale who is using 1M capital to keep the price high while he sells his 10M stack to people leaping him to buy, then it's actually a large buy wall but what is really happening is 10M worth of sell pressure. He is trying to exit 10M position without crashing the price as he does. Then once his 10M is gone, he just pulls whatever is remaining of the buy wall down, market sells that and he exited without moving the price much. + +I know that was a wall of text but hopefully that explains buy and sell walls and why they are often seen as opposite signs of what you initially would think of them as. This is relevant to the stock market, not just crypto. +Lots of grey candles. But a massive amount of volume. 1m candles. Never seen this before. Anyone know what's going on. I wouldn't expect any Grey in high volume days. I'm much more expect to see it in Gme. Less volume and less volatile +Do we think the Line 3 and Line 5 will actually get constructed and thus improving the companies cashflows. + +LINE 3 is being challenged in Minnesota +LINE 5 is being challenged by Michigan + +I have been following enbridge for a year now and want to invest +Hi could someone help explain how and when XEQT/VEQT rebalances? +- Does it rebalance based on a geographical or sector target? +- Would it ever change the underlying ETFs it holds or just change the % amounts? +- What other market factors would trigger a rebalance? +Mostly looking for Dividend / Growth long term holdings that are still selling for a good price. + +My Two Favorites right now are Allied Reit (AP.UN) and Fortis ([FTS.TO](https://FTS.TO)) + +Let me know if you have good canadian value plays in this expensive market. Cheers +Welcome to this month's Rate My Portfolio megathread. Here, others can chime in on your portfolio with their thoughts, keeping the rest of the subreddit clean, and giving you the ~~confirmation bias~~ sanity check you need! + +Top level comments should aim to be highly detailed (2-3 paragraphs). Consider including the following: + +* Financial goals and investment time horizon. + +* Commentary on the reasoning behind your current and desired allocation. + +The more information you can provide, the better answers you'll get! + +Top level comments not including this information may be automatically removed. If your comment was erroneously removed, please [message modmail here](https://old.reddit.com/message/compose/?to=/r/CanadianInvestor). + +--- + +Please don't downvote posts you disagree with. If a comment adds to the discussion, it warrants an upvote. +Welcome to the Monthly Skeptics Discussion thread. The goal of this thread is to promote critical discussion by challenging popular or conventional beliefs. Please read the rules and guidelines before participating. + +*** +- + +**Rules:** + + - All [sub rules](https://www.reddit.com/r/CryptoCurrency/about/rules/) apply here. + - Discussion topics **must** be on topic, i.e. only related to skeptical or critical discussion about cryptocurrency. Markets or financial advice discussion, will most likely be removed and is better suited for the daily thread. + - Promotional top-level comments will be removed. For example, giving the current composition of your portfolio or stating you sold X coin for Y coin(shilling), will promptly be removed. + - Karma and age requirements are in full effect and may be increased if necessary. + +*** +- + +**Guidelines:** + + - Share any uncertainties, shortcomings, concerns, etc you have about crypto related projects. + - Refer topics such as price, gossip, events, etc to the [Daily Discussion](https://old.reddit.com/r/CryptoCurrency/search?q=title%3A%22Daily+Discussion%22+&restrict_sr=on&sort=new&t=all). + - Please report top-level promotional comments and/or shilling. + +*** +- + +**Resources and Tools:** + + - Read through the [CryptoWikis Library](https://old.reddit.com/r/CryptoWikis/wiki/library) for material to discuss and consider contributing to it if you're interested. r/CryptoWikis is the home subreddit for the CryptoWikis project. Its goal is to give an equal voice to supporting and opposing opinions on all crypto related projects. You can also try reading through the *Critical Discussion* [search listing](https://www.reddit.com/r/CryptoCurrency/search?q=flair%3ACritical-Discussion&restrict_sr=on&sort=new&t=all). + - Consider changing your comment sorting around to find more critical discussion. Sorting by controversial might be a good choice. + - Click the RES subscribe button below if you would like to be notified when comments are posted. + +*** +- + +**To see prior Skeptics Discussions, [click here](https://old.reddit.com/r/CryptoCurrency/search?q=title%3A%22Daily+Discussion+-+%22+&restrict_sr=on&sort=new&t=all)** +I've started a new job recently in a smallish company and everyone is super friendly and chatty with each other. They like to ask all sorts of questions, from what you've done over the weekend to where I live and who I live with. The truth is I'm a 26 year old with one property let out with around £100k in a stocks ISA and I frugally save up all of my salary. There seems to be an expectation to have these 'weekend stories' for work but I rarely have any exciting stories to tell as I have a habit of frugal spending whilst they're going out to fancy restaurants and shopping at Waitrose. I can't get over this 'lifestyle inflation' trap but at the same time I don't want my coworkers to think I have a lot of money. +As an IRA/Roth IRA cannot be funded with income earned passively, where should I be investing (for retirement)? What tax-advantaged strategies are available for somebody with no active income? Thanks! + +Edit: to clarify, I have a great passive income. Which gets taxed. Which I’d like to invest. And (legally) avoid as much taxes as possible. +Needless to say my sibling and their partner are not good with money. For many reasons I am not able to have children myself so I would like to invest in my siblings child. If I put money into an account for the child I don’t want their parents to have access to it because I truly believe they will take “loans” from it and just be too irresponsible to put the money back. + +I want the child to know about it so I can encourage them to invest some of their own pocket money and I will match every cent they put in themselves (as well as putting in regularly of course.) Am I able to make such an account without his parents gaining access? Thanks in advance. +Cheap loans, High Interest Savings + +Hi everyone sorry if this is the wrong place to do this but I was looking on my credit score app and they give me offers from varies companies for loans, credit cards and other forms of credit. + +The one loan that has my interest in particular is a £15,000 @3.5% APR over 7 years. I thought it was extremely inexpensive at 3.5% Interest, so I checked a fixed Interest rate savings account and they're ranging from 4% on a 1 year fixed rate savings account, all the way up to 5.55% on a 5 year fixed rate savings account. + +Effectively meaning every year I'd gain between 0.5% - 2.05% on money that I didn't have in the first place, only having to pay back the principal. + +I understand there would be risk involved, but my career is very secure, so there's no reason why I'd end up unemployed and always be capable of paying the loan back. + +Am I missing something or have I find a way to gain wealth? + +Thank you for all your comments and advice. +Ok long story short, I have bad credit personally due to being dumb and impulsive. Im building it back but it takes a minute. My wife has good credit. + +We want to buy our first house, how should we proceed? + +Thanks! +I work for county government. I am in a pension retirement system and also sock money away in my deferred comp, roughly 7% of each check currently. I have 70k in it now and last year made almost 30% return. Lastly, I’m in a state run supplement pension that will pay out around 1k a month. I have minimum 8 years before I can pull the pin. I’ll be here at least 10 more though. + +My understanding is once I retire I cannot keep contributing to my 457. I don’t want to touch it though. Can I leave it and if so does it continue to draw interest? Doing some estimations if I can leave it there 5-10 more years I’ll add several hundred thousand dollars. If it matters it’s run privately through a well know company. + +I’m young enough that I can retire at 50. I’d get a job doing something else for another 10 years at least while not touching my 457. I searched online and can’t find specifics to my questions. I wanna make sure I can afford to eat when it’s time! Just want to know what my options are and make sure I’m on the right path. +Teacher in IL retirement planning + +I’m a 27 yr old teacher in IL. We do not contribute to social security but we have a pension through the Teacher Retirement System. I technically cannot retire with a full pension until 67, but can retire with a penalty at 62. I have a Roth IRA that I’ve maxed out since I started teaching at 23. Should I be doing more to contribute to my retirement? Looking for advice from other teachers who are retirement planning. +This has been something that I’ve been going back and forth on for a while. Sorry for the formatting I’m on mobile. + +I’m 24, have a biweekly income of ~2.5k (after taxes, medical/dental benefits, and 401k contribution, yearly salary). 1.5 years into my first full time job after college. Have 6+ months of savings. Currently working to decrease my expenditures as much as I can. I do live in a HCOL área. + +Employer 401k matching is 3%, which brings my total contribution to 6%. Currently have around ~8k. + +I currently only contribute $100 per month to a ROTH IRA account and have been wanting to increase my contribution to the $6k limit. This has been my contribution since college. I currently have ~4k. + +My main question is whether to increase my 401k contribution to 10%, or to take 6k from my savings and max out my Roth (and continue maxing it out). I’m comfortable with the savings I have and would also like to start saving for a house. I’m just not sure what the best path would be. Any guidance would be appreciated! + +Edit: removed some financial info +TL;DR: fiscally irresponsible sister falling into black hole of debt. What consequences might she face? + + +My (32F) sister (33F) has blown through £200,000 of inheritance in two years. She has no other savings, no job & shows no signs of getting one or making a change to be more financially responsible. + +I'm concerned that she's going to keep spending at this rate and expect me or my mother (67F) to bail her out. + +Whether or not I *should* bail her out is a question for another sub, but does anyone know what will happen to her if I don't? + +Debtor's prison doesn't happen any more - what does? + +Anyone know/know where to find this info? +Hi all, + +I’m working in London and looking to move closer to my job. I make £30k p/a which comes out to just under £2k a month after taxes. + +I currently rent a room for £600 p/m and pay around £200 in transportation costs/commuting. + +Today I went to see a studio for £700, which I’m calculating will actually be closer to £900-950 after all the bills. It’s walking distance from work so no more commuting costs. + +I guess my question is... is this a dumb move? I always heard the “no more than 30% of your salary” rule and I’d be closer to 50% if I bite this bullet. +**TL;DR** - do we need to be more honest as a community that many of the goals and “how do I get to x” ideas on this and FIREUK are probably only achievable by a tiny minority, and the rest of us may as well get ready for life style adjustment to state pension with minimal top up? + +———— + +I follow this sub and r/FIREUK a fair bit, and I’m starting to wonder whether almost all questions about progress and ‘what should I do’ could potentially be answered with either: + +* forget it you’re too poor, buy lottery tickets; or +* make sure you’re on £xK a year with average y% annual increases from age Z or you’ll be too poor and may as well buy lottery tickets; or +* well of course you’re basically there already just focus on your SWR. + +I want to try and prove this with some kind of visual, unless someone has already done it. + +Basically, if we strip out things like: + +* inheritance +* significant gifts + +And just focus on the example of: *person just out of school in late teens / early 20s* then surely it’s simpler to extrapolate? + +Example: + +* the pension has a maximum size, so surely we can work backwards with minimal buffer and say if you want a meaningful income from that source, you’ll need to be earning at least X by Y. Unless your income wildly fluctuates over time, which it could, but at least those *who need it to wildly fluctuate upwards before Y* will know this, and faffing about for low interest on low balances can be seen as practice more than anything useful for the big goal. +* retiring early should be even easier. You want to retire by 50/40/35/27? It’s going to have to be ISAs, max it every year and the maths is simple. How are you going to max it every year? You need to be earning a fair amount to do that whilst also paying for life, even if you are frugal. +https://www.bbc.com/news/technology-47053656 + +> TechCrunch said participants - including those aged 13-17 - had been paid up to $20 (£15.30) a month to open up their phones to deep analysis. + +> In addition, TechCrunch reported that users were asked to provide screenshots of their Amazon orders. + +> It has not, however, suspended a parallel effort on Android. + +> The research focused on users aged 13-35, and those under 18 were asked to get signed parental consent, Facebook said. + +> However, when the BBC identified itself as a 14-year-old boy during its test, it was able to download the app without any parental consent being sought. A page did state, however, that users should be over the age of 18. + +> TechCrunch’s detailed report explained Facebook had previously conducted market research using an app called Onavo, which it acquired in 2013. + +> Internal documents, published online in December, revealed Facebook had used the data gathered to decide to takeover WhatsApp and track usage of rivals including Snapchat and Twitter's former video service Vine. +TLDR; Immutable needs a rollup provider as that’s not something they do. Loopring IS a rollup provider. + +Listen to Matt Finestone and Robbie Ferguson discus this on Bankless where Robbie described Loopring as an “AWS-like” provider: https://youtu.be/PuZ8kUueG10 starts at the 16 min mark. + +Essentially, a rollup provider acts like an AWS for NFT platforms. + +So it breaks down like this… + +**Marketplaces** (GameStop, opensea, rarable) + +-Sit on top of… + +**Networks** (like immutable x) + +-Sit on top of… + +**Protocol/rollup providers** (like Loopring/Starkware) + +The logic here is that the 8-k proved that GameStop is already working with Loopring, a rollup provider. + +And they have their marketplace they’re working to build. + +GameStop has just needed that network to sit their marketplace on top of and connect to Loopring, which is where Immutable X comes in. + +So… + +**GameStop NFT Marketplace** + +-Sits on… + +**Immutable X** + +-Sits on… + +**Loopring** + +If you want to know what that means for Loopring, consider how integral AWS is to Amazon’s business model. + +Now, you may ask “doesn’t immutable already work with Starkware as a rollup provider?” + +Yes, they do, but GameStop has Loopring, as confirmed in the 8-k. Immutable X does not need to be exclusive to Starkware and they likely want to be able to provide services to anyone regardless of their rollup provider. + +What’s explained above is likely to be the Tech stack that runs the marketplace and it’s bullish as fuck! Apes, loopheads, X-heads should all be incredibly stoked about this announcement!! Let’s fucking go! 🚀🚀🚀 + +**Edit:** to make a comparison to traditional e-commerce marketplaces… + +**GameStop** = E-commerce Store + +**Immutable X** = Shopify + +**Loopring** = Stripe + +**Edit 2:** GREAT comment from u/paddylov about why GameStop would require Loopring over Starkware. + +>This makes a lot of sense. +> +>And it makes more sense now because starkware new zk-rollup starknet is not fully ready. It is still in the alpha version on the mainnet. +> +>Current immutables marketplace use starkex (old starkware validium rollup). +> +>So Immutablex will use lookpring zk-rollup as its zk provider. Loopring tech is far better than starkex (validium rollup) and it is already mature and has been running in mainnet for years. + +When GameStop launches, they want everything to be completely market ready including a rollup that’s 100% ready to go. +tl;dr I've tested a trading strategy by Larry Connors and Cesar Alvarez that buys stocks when they hit the 10 day low. Data seems to agree with the hypothesis that this is profitable. + +About a month ago I made a [post](http://www.reddit.com/r/investing/comments/1dg0xf/buying_the_10_day_low_a_back_test/) detailing a trading strategy that bought on lows and sold on highs, I did some more analysis involving a ‘base case’ and ended up with some interesting results. I really just wanted to see what everyone thinks of my analysis. + +**Signals** + +Strategy: Buy when a stock has reached a new 10 day low and is trading above its 50 and 200 day moving average. Sell when the price reaches a new 10 day high, drops below the 50 day moving average, or has been open for 10 days. + +Base case: Buy a random stock at its close and hold for a random period between 1 and 10 days. + + +**Analysis Parameters:** + +* Initial Investment: $5,000 +* Trading Fees: 3.95 (OptionsHouse) +* Slippage: [99.5%, 100.5%] of the target price +* Trials: 10,000 + +**Chart Legend:** + +* Grey: End of trade portfolio values for each trial +* Blue: Middle 25% of grey values +* Red: Returns of buying to hold the S&P500 + +**Data** + +**[2007](http://imgur.com/Jl4Yasa)** + +*Strategy* + +* Average Return: 44.4% +* Sample STDEV: 29.8% +* Max Return: 207% +* Min Return: -40% +* Winners: 9,552 +* Losers: 448 +* Percent Winners: 95% + +*Base Case* + +* Average Return: 1.41% +* Sample STDEV: 24.5% +* Max Return: 195% +* Min Return: -74% +* Winners: 4,581 +* Losers: 5,149 +* Percent Winners: 48% + +**[2008](http://imgur.com/vo3cFTq)** + +*Strategy* + +* Average Return: 35.3% +* Sample STDEV: 23.7% +* Max Return: 160% +* Min Return: -23% +* Winners: 9,589 +* Losers: 411 +* Percent Winners: 95% + +*Base Case* + +* Average Return: 65.6% +* Sample STDEV: 31.6% +* Max Return: 272% +* Min Return: -96% +* Winners: 1,215 +* Losers: 8,785 +* Percent Winners: 12% + +**[2009](http://imgur.com/jAUhCmv)** + +*Strategy* + +* Average Return: 87.5% +* Sample STDEV: 40.4% +* Max Return: 327% +* Min Return: - 21% +* Winners: 9,990 +* Losers: 10 +* Percent Winners: 99% + +*Base Case* + +* Average Return: 30.2% +* Sample STDEV: 56.6% +* Max Return: 826% +* Min Return: -92% +* Winners: 6,808 +* Losers: 3,192 +* Percent Winners: 68% + +**[2010](http://imgur.com/Jn8z3cS)** + +*Strategy* + +* Average Return: 44.4% +* Sample STDEV: 25% +* Max Return: 167% +* Min Return: -27% +* Winners: 9,800 +* Losers: 200 +* Percent Winners: 98% + +*Base Case* + +* Average Return: 9.9% +* Sample STDEV: 25.9% +* Max Return: 153% +* Min Return: -59% +* Winners: 6,184 +* Losers: 3,816 +* Percent Winners: 61% + +**[2011](http://imgur.com/j0nZKUM)** + +*Strategy* + +* Average Return: 6.2% +* Sample STDEV: 15.7% +* Max Return: 78% +* Min Return: - 37% +* Winners: 6,305 +* Losers: 3,695 +* Percent Winners: 63% + +*Base Case* + +* Average Return: -7% +* Sample STDEV: 23.3% +* Max Return: 142% +* Min Return: -75% +* Winners: 3,392 +* Losers: 6,608 +* Percent Winners: 33% + +**[2012](http://imgur.com/zoYeXQE)** + +*Strategy* + +* Average Return: 26% +* Sample STDEV: 20.5% +* Max Return: 137% +* Min Return: -27% +* Winners: 9,143 +* Losers: 857 +* Percent Winners: 91% + +*Base Case* + +* Average Return: 6.1% +* Sample STDEV: 24.4% +* Max Return: 193% +* Min Return: -69% +* Winners: 5,621 +* Losers: 4,379 +* Percent Winners: 56% + +**Methodology** + +The program begins by back testing a predefined set of tickers (SP500 in this case) using the buy and sell signals listed above. In order to reduce biased results I ‘walk’ through the time period, that is I fed the program a single day at a time. Each day I calculated buy signals and if the conditions were met I'd purchase the security, hold it, and continue to cycle through each proceeding day and calculated sell signals. +Once the security was bought and sold I'd write down the trade and move onto the next day. The end result was a list of every single trade that could have potentially occurred in the predefined date range with the predefined list of tickers. + +I'd sort these entries by purchase date in ascending order (oldest first) and every trade that fell on the same day was put into a list and archived in a dictionary with key-word purchaseDate. The result was a data structure I could query and pull a list of all trades that could have occurred on a specified date. + +I then had all the information I needed to begin the actual back test. I began with the first possible purchase date, searched the dictionary to obtain a list of all possible trades that could have occurred on that day, chose one at random, wrote down the trade's information, and moved onto the next available purchase date. + +Once all dates were exhausted I calculated an annual return by finding the product of all the year's trades. I did this 10,000 times in order to obtain the average and standard deviation of annual returns. Since my data didn't tell me which trade occurred when it was impossible for me to define the exact sequence of trades. My idea was if I got enough random trade sequences I could create a universe of possible scenarios with the most likely being the most prevalent -- it was a way for me to calculate a return and cover all my bases at the same time. +Typically when Teaching English abroad or in Asia is mentioned it's thought of to be something broke backpackers do for a few months to sustain their travels. When I first learned about the FIRE movement close to 4 years ago now, I had the opportunity to travel to South Korea to teach English. I calculated I'd be able to save about $1000 USD a month. Certainly wasn't going to FIRE me by age 30, but it was a lot better than I was doing in my home country (Canada) at the time. + + +Once I got there a few months in I discovered teaching English online as well, and was able to ramp that number up to $1500/month and eventually $2000/month. + + +A few years later, I've moved to China and now I'm saving over $4000 USD/month. + +This is all after taxes, living expenses and multiple international travel trips per year as teachers in Asia get usually a few months paid holidays per year. Granted I work 7 days a week when I'm not traveling. But at this rate a person sound go from $0 - 7 figures in around 12 years. + +Breakdown of how this is possible: + + +Starting salaries in China are around: $2500-3000 USD, within a year or two you can be between $4-5000 USD +Online teaching pays $15-20/hr +Private lessons pay $50-100/hr + +If a new teacher making a salary of $2500 was ambitious enough to teach an extra 20 classes a week online then dug up 4-5 privates a week they could earn nearly $5000 a month, and likely be able to save 60-80% of that. + + +Any other ESL teachers pursuing FIRE? +After not having a job for almost an entire year, I finally got a job near the end of the year. I wanted to make sure I can hit the maximum 401K contribution. I'm aware that 401K's can sometimes take a while to set up and I'm not ending up in a situation where I don't hit the maximum because timing was a little bit off. + +I elected to contribute the maximum (90%) of my paycheck in the plan. I was pretty sure weird things would happen. I was not disappointed. + +My next paystub came with a negative number. After 90% of the gross pay went to my 401K, there wasn't enough left over to cover taxes, social security, medical and transportation. Despite having a negative paystub, there was also a positive amount (around $90 or so) that was deposited into my checking account. + +A few days later, HR called me to let me know that "something weird" happened. They informed me that I should expect to see a double charge of medical insurance on my next paystub. She was not able to explain what exactly happened (not her job anyway, it's accounting's job). From what I can tell, company was not able to take out the medical insurance because that would require withdrawing funds from my checking account. Instead, they charged me twice on the next paystub. The negative amount was me owing the company for the extra medical premium. + +Oh.... the weird things that bring me joy. +For the past year+ there have been constant attempts at taking out bank accounts, credit cards and mobile phone contracts in my name. I keep getting sent credit & debit cards in my name but with a misspelling. The credit cards are always followed up with a fraud alert letter the next day, so I'm not too concerned about that because I can't really ask them to do much more - I don't think anyway. + +&#x200B; + +However, what's annoying is the mobile phone contracts which I seem to have to contact the companies direct to get them to close/investigate. Also, there are constant hard searches on my Credit Report which weren't from me and obviously the successful attempts are also shown until I can manage to get the individual companies (e.g. Vodafone) + +to remove them for me. This is very frustrating because otherwise my credit rating is very good and I was hoping to apply for a mortgage soon but this may unfortunately stop that. + +&#x200B; + +One of the banks referred me to CIFAS but that didn't seem to do anything other than stop me personally from being able to take out a contract (I was told CIFAS was most likely the reason for being declined), but maybe CIFAS helped stop a lot more attempts than those that got through, I'm not sure there's a way for me to tell. + +&#x200B; + +Is there anything else I can do to stop this or at least help against it? I made Action Fraud aware over a year ago and other times since but heard nothing from them, the police were not interested other than pointing me to Action Fraud and telling me to contact the companies (like Vodafone) direct. + +&#x200B; + +I know it's no one I personally know messing with me because the name is misspelled, I don't share accommodation. It seemed to start around the time of the Ticketmaster security breach but I changed all passwords and use 2FA, I don't even use my bank account details online anymore with the various challenger banks around. + +&#x200B; + +Thank you for you time and any help. +Some links from /u/cb_hanson (sp?) have gotten me wondering what are the best/most influential finance papers of all time. A link to where they can be read/downloaded would be perfect. + +Update: The response here was much better than anticipated and I would like to thank everyone for contributing. I'll update this post with all the papers mentioned below and their corresponding links. +I’ve seen a lot of people (here, elsewhere, and even in person) who are VERY confused on credit card utilization and how to use it properly so I wanted to say a few things + +It’s recommended to keep a credit card below 30% AT ALL TIMES +Yes, paying it off instantly is what you should be doing +No, you should NEVER keep a balance unless you can’t afford to pay it + + +In terms of “building credit”, they do not report how often you use the card. Twice a month or so they will report your balance. That’s it. You do not have to use it a lot and you can keep it at 0% utilization + +They will report you have 0% balance (good) and that the card is active (good) + +Speaking of active... The problem with some people not using it AT ALL is that they will close your account (removing a line of credit) if you do not use it. Typically 90 days, some do 180+. You should use it for very small purchases such as Netflix, Gas, Coffee and pay them off ASAP. Don’t wait a month or so for it to show up, open the app and pay it as soon as you can. The card will stay active and keep reporting positively + +If a credit line gets removed (inactive) it can affect your credit by changing your “average credit age”. This is calculated by the average number of months you’ve had credit. If you have one card for 5 years and another for 1 year, your average credit age is 3 years. Not bad, not great. If you close out the old account (secured OR unsecured) your average age drops to 1 year which is bad + + +I hope this sheds some light for some, because a ton of people seem to think they have to keep a balance and use their cards a lot. I used to think that at one point and these tips really helped me +The recent stuff that came out? The tokenized stock used for locates theory? General TSO's tweet? 741? Tokenixed stock decreasing CTB? + + +What I'm trying to say here is, to all those, and the mods (I heard), who say that posting general market stuff has "nothing to do with GME" , such thinking is absolutely delusional. Everything is connected. You never know where we'll find the next clue, the next golden nugget. We must look under every rock. The hedgies and friends may have a lot of money and power, but we have the numbers, we have the patience, we have the manpower, and we have our diamond hands. + + +TL;DR:. DRS GME + + +Edit: 741 points to erc-721 + erc-20, NFT + Smart contracts. There was once a lot of discussion about RC alluding to this through tweet timing. People speculated he was thinking of withdrawing GME from the DTCC to the Blockchain, hence the general TSO's (tokenized security offering). However, in hind sight, what if he was alluding to the fact that the tokenized GME stock was being used as locates? Bit of tinfoil there, but just an observation. + I’ve started looking at other jobs and paths perhaps, but after being in the banking industry on the frontlines for over two years, I’n tired. I want to move on. Is this something I should wait to say until I have another gig lined up or just be honest with my manager? +I suspect ~~u/criand's original DD~~ (edit: it has been brought to my attention that the CFTC stuff didn't come from u/criand's DD post, my mistake, doesn't change the facts though) is missing some details. + +https://www.sec.gov/news/press-release/2020-323 + +>Title VII of the Dodd-Frank Act established a comprehensive framework for regulating the over-the-counter swaps markets, with authority divided between the SEC and the Commodity Futures Trading Commission (CFTC). The SEC’s role is to regulate and oversee the SBS (security-based swaps) market, while the CFTC oversees other types of swaps (e.g., commodities, currency, interest rates, etc.). + +Looks like GG is aware that regulating SBS swaps is the responsibly of the SEC and has initiated the long overdue creation of relevant rules. + +https://www.reuters.com/business/finance/us-sec-chair-says-agency-write-new-rules-swaps-regulation-2021-07-21/ + +>On swaps, Gensler's remarks inject new life into a long-running project at the SEC to apply stricter oversight to the securities portion of the derivatives market, as directed by the 2010 Dodd-Frank financial reform law. The CFTC has the bulk of responsibility for overseeing derivatives, but the SEC has lagged in its efforts to write required rules for the relatively small portion of the securities-based derivatives market. + +I don't know if this debunks the DD entirely, but it does seem to indicate that the SEC stills deserves the heat on addressing this. +I saw my $5,000 investment (high of almost $30,000) drop to $2,000 after the January fiasco. I was sick to my stomach because when I tried to sell my broker was having "network" errors so I couldnt sell at those juicy $350+ prices. I just said to myself FUCK THIS and waited for this investment to hit $0. It never did. I read DD, joined subreddits, etc. Now I want to see how GameStop is going to go bankrupt. Stealth startup in NFTs, no debt, grew so much from what we can tell...that 5k investment has 5x since. I am down but now I KNOW what i invested in. I have skin in the game and am buckled up for the long ride. +Hello. 42m. Got literally 6k in savings and that's it. No retirement. Later in the spring I'll have a chance to save because my child support obligations will be fulfilled. My question is with the extra money, what's the best and quickest way to start saving for retirement? I'm a 1099 contractor, so no company 401 k matches or anything, it's all on me. My wife is a W2 employee, but just recently got a steady job a few years ago and has started a 401k and has maybe a little more in savings. Our house is paid for as well as my truck, but she has a car note. Any suggestions are welcome. We like to travel, and go on a few trips a year, nothing extravagant, mainly cheap airbnbs. + +Edit. I make around 38k to 42k a year before taxes +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. + +Hey guys. Someone messaged me and encouraged me to make another post!. Interestingly, I'm doing this while I'm on break from helping teach EMDR to a group of 45 clinicians, so I'm in, like, super therapy mode today! + +**TL;DR** \-- Big things happened. Lots of us are strong 🦍, lots of us are clever 🐒, lots of us zen 🦧. Sometimes, apes caught off-guard 🙊. 🦍🐒🦧 who 🤐 about ❤️ more likely to 📄✋, but 🦍🐒🦧 who 📣 ❤️ have 💎✋. + +The buildup to this week was pretty intense! I feel like a bunch of us were expecting big things, and a bunch of us were expecting to be disappointed. I want to invite awareness here of how this played out as a community, too, through the lens of those three attachment components of Security (Fear), Connection (Sadness), and Empowerment (Anger). After the shareholders meeting, we saw all these on display in post after post. There were plenty of reminders ahead of time that the votes would likely be trimmed, and plenty of people more knowledgeable than me advised us to set our expectations low in terms of news or price action. Even still, though, we saw responses that fit into these three categories (**warning: shills are great at coopting real reactions and amplifying them, so this might feel like a big FUD-fest, but they're less able to do that if we can have honest conversations and understanding of these things**): + +**Fear/lack of security** \-- "Why are they offering more shares? Are they betraying us? What happens now? Is RC going to leave us behind now that he's got his chairmanship and his billions?" People were also immediately concerned that the livestream looked sloppy and disorganized, and that it was directly reflective of the efforts and organization here. "Are mods going rogue? Have they lost control? Will this damage others' perspectives the community, thereby hurting our credibility? Will that make people lose faith and dip out, leaving us weaker?" + +**Sadness/lack of connection** \-- "These mods are in it for themselves, giving interviews and stuff. I guess they don't really care about us so much as they care about their 15 minutes of fame. Atobitt looked sad and overwhelmed, so that means that maybe we're not as connected as we thought." Then in the comments, there was stuff like has this all been a waste of time? Am I stupid to think this community is something bigger than just a subreddit? Did I fall for a cultish thing? What's wrong with me? Why did I put my faith in something that might never happen? I'm an idiot." + +**Anger (or resignation!)/lack of empowerment** \-- "It's not fair that these people have so much power and can just manipulate the price. Why even bother?" "Look at these mods, being selfish! And that cringe-fest 'Look at the price!'. And of course media is there, so they're going to make us look like idiots." In the comments, lots of hopelessness, too. "I don't know how much longer I can hold on for this, because I have money tied up in this that I might really need toon, and I don't want to miss out." "So I guess there's not going to be a MOASS after all, since they keep finding ways around catalysts." "Whatever. Nothing's going to change. We can't win this." + +While you're welcome to be judgmental of yourself or others for experiencing these, they're all perfectly natural, very human reactions. We like to think of ourselves cohesively as diamond-handed stoics, but I'm telling you right now that it's a mistake to try to erase the parts of ourselves that gave rise to the very passion and purpose behind the commitment, here. + +For that reason, I'm going to invite whoever wants the opportunity to be as honest as you want about your experience of this last week, because it's in understanding each other and the diversity of context (and stakes) in our community that we make it stronger. **Positivity is welcome, too!** I'll go first. + +EDIT: Something I consistently get is that this is FUD. It's hard to disagree with that. However, my intent is to **contain** the FUD in one place in an authentic way, rather than spread it. So, to me, this is kind of serving to stop it in its tracks. +So I found this calculation on Tradingview: + +100 \* LOG10( SUM(ATR(1), n) / ( MaxHi(n) - MinLo(n) ) ) / LOG10(n) + +n = User defined period length. + +LOG10(n) = base-10 LOG of n + +ATR(1) = Average **True** Range (Period of 1) + +SUM(ATR(1), n) = Sum of the Average **True** Range over past n bars + +MaxHi(n) = The highest high over past n bars + +&#x200B; + +However.. I really dont get it. + +Would someone be able to ELI5 how it is calculated and what data input it needs? + +Thanks +I want to have as much data as I can have regarding Nasdaq (Stocks). As far as I know level 2 only usually gives about best 5 to 10 orders in either direction around the price. I researched Nasdaq data feed options and found that total view should give me all the trades and order information there is (Full order book depth) and according to [nasdaqtrader.com](https://nasdaqtrader.com) TotalView comes with a subscription fee of 375 Dollar per month for direct access (which I guess is API). + +Since I am not a company but a just a humble software dev, I need an intermediary in order to obtain the data. Question is what options are available and is it the full TotalView data. + +I found Interactive Broker to offer data subscription options for Nasdaq to very reasonable prices: + +NASDAQ BX TotalView (L2) => USD 3.50 (USD 45.00) +NASDAQ Options Market Depth of Book (L2) => USD 11.50 (USD 62.50) +NASDAQ TotalView-OpenView Bundled => USD 16.50 (USD 86.50) + +The question as always, are those subscriptions restricted or can I get the data via API for my own personal tool usage. + +According to [Nasdaqtrader.com](https://Nasdaqtrader.com) the BX option should give me all data I am interested in ([https://nasdaqtrader.com/Trader.aspx?id=BXTotalview](https://nasdaqtrader.com/Trader.aspx?id=BXTotalview)). + +So I am looking for someone actually consuming these data via API from any source. + +PS: Please correct me if any of my information is incomplete or wrong. + +PSS: I am also interested for something similar for SP500 data which is something like NYSE OpenBook Depth of Book (L2) but I am into all the data not just the best 5-10 orders around the current price. +Algotrading can be as simple as writing trading signals into a computer program, but as I’ve come to find out, it can also get much, much more complicated. + +I’m wondering how to structure my many trading and portfolio management tasks into one large machine. Anyone got tips on that? + +Ex.: + +Start with data feeds. Potentially from multiple vendors. Going into databases. + +Have my bot(s) monitoring that data flow to do analysis and place trades. + +Managing a portfolio of all bots, positions, markets, etc. and changing portfolio-level attributes like leverage, position size based on market moves + +Shutting the whole thing off if a website goes down for maintenance + +P.S. I’m a Python developer and mostly trade index derivatives, forex, crypto +I have been asked to send a dataset of trades for the last year in order to prove that my algorithm works. Do you guys have any experience finding out algos from trades? Is that even possible? +There would be another 18,000,000 shares of GME DRS’d. Hedgies r fukt. I wonder how much the fake price would dip on a $500,000,000 purchase? Would they route that through the dark pool? How they gonna find those shares? Let me win and let’s answer some of these questions. +There are various threads about savings returns as they increase and people wanting the highest rates. + +As savings rates increase and returns increase, you will start to hit the tax thresholds which will reduce your returns. + +If you are a basic rate payer (up to £50k) you have £1,000 tax free interest income. + +For a higher rate payer this drops to £500. + +Anything above your interest free threshold gets taxed at your income tax rate, so while you might see a 4.5% rate advertised, that doesn't mean you will get 4.5%. + +Banks can't advertise your personal savings rate as it will depend on your individual circumstances. + +E.g. (based on another post) + +>4.5% interest on £40k is £1,800 per year. + +>If you earn under £50k gets taxed down to £1,640 (4.1% effective post-tax). £1,000 tax free, £800 taxed at 20%. + +> If you earn over £50k it's £1,280 (3.2% effective rate). £500 tax free, £1300 taxed at 40%. + +If you put money in an ISA, you might get a higher return even if the headline rate is lower. E.g. for the higher rate payer, putting £20k in 4.5% outside an ISA would get £740 (£500+£240*.6), or 3.7% return, and putting money in an ISA at 4.1% would get you 4.1%. Net return on the same £40k goes from 3.2% outside the ISA to 3.9% when half is in an ISA. + +So make sure to consider whether it's worth putting money in an ISA. Don't just look at headline rates, consider post-tax returns as well. + +Other key points: + +* The banks will report to HMRC how much interest they paid you and HMRC will adjust your future tax code to get their money, it won't be deducted in advance +* The payment timing will impact the tax treatment. HMRC cares about when it's available, not when it "accrues". If you have a 2 year FTD which pays out in 2024 with all the interest at the end, ALL of the interest goes into your 2024 tax year, you don't get half in 2023 and half in 2024. If it's paid monthly then it will be spread. +* Joint accounts will usually be reported 50/50 so you can spread the returns and tax between you and a partner/etc if you have a joint account - but not all banks offer joint accounts. +* You can only open one type of Cash ISA per year, so don't start opening loads all over the place. You can transfer money from one ISA to another though. https://www.gov.uk/individual-savings-accounts +* As pointed out in a comment, premium bonds are also tax free. So the 1.98% (IIRC) expected return excluding large prizes is 1.98%, with no tax. Money at c.1.98% in premium bonds is better than 2% or more in an instant access savings account if you are paying tax. (https://www.moneysavingexpert.com/news/2022/09/ns-i-premium-bond-rate/) +I've been working hard towards FI for a couple of years now, and though it is still some distance away I have started think about life beyond. I had always assumed I would naturally follow through on the Retire Early part once I was able, but lately I have started to have some doubts about that. + +Anyway I saw [this post](https://indeedably.com/lessons-from-retirement/) featured on CampfireFinance the other day that made me stop and think about why I thought I would want to retire. It ends with the quote below, and the more I thought about it the more I realised it was probably true. + +>Retirement won’t fix you +> +>Retirement can’t cure what ails you in life. +> +>Retirement can’t make you happy, content or fulfilled. +> +>Retirement can free up your time however, so that you have the opportunity figure out what will. +> +>But only if you choose to take it. +> +>There are very few things you want to do in retirement, that you couldn’t already be doing in some form today. + +I must confess that took some of the wind out of my sails! But I'm glad I started thinking about it now, rather than three months after I had pulled the pin on my career. +i have a job with a salary of $3800. But with my apartment rent ($1000)and car payments + insurance (500+250), Credit card minimum payments, I am hardly able to save anything. My ex and i had decided to pay the car off together, but now the car is in my name and I have to pay the whole amount. Please help. +XEQT has a MER of 0.20%. Its underlying ETFs (ITOT, XIC, XEF, IEMG) have MERs of 0.03, 0.06, 0.22 and 0.09%, respectively, with allocations in XEQT of 44%, 26%, 25%, and 5%, respectively. + +By my calculations, holding the underlying ETFs results in about a 0.09% MER vs. 0.20% for XEQT. + +I know this would only make a difference on large (likely 500k+) portfolios, but if one didn’t mind rebalancing once or twice a year, does this not make sense to do? + +Am I missing anything else here? Are there any tax advantages for one or the other if held in a taxable account? + +Thanks! +Brookfield Asset Management considers spinoff of asset-management business +https://www.theglobeandmail.com/business/article-brookfield-asset-management-considers-spinoff-of-asset-management/ +Just wanted to say that to everybody. + +\- It's forced me into learning so much about finances that I never would have pursued on my own. + +\- It's made me weigh risk in a way that I unlikely would have had to with my lifestyle. + +\- It has opened up dialogue with an incredibly diverse group of people. It has built my trust in strangers. + +\- It has made me consider value in a way I never really have before. + +\- It has tested my resiliency through difficult times. + +\- And it will give me wealth. +How did you do it? And what advice do you have for someone that is planning to basically be their parent's retirement fund? + +Luckily, I have three other siblings who can help me out. Just trying to plan for the future. My mom and dad are 52 and 57, respectively. My dad works but makes barely anything in a HCOL area. My mom has been a SAHM her whole life. Coming from a low-income family, I want to make sure I am able to plan appropriately. But the thought of having to support them in the future while I struggle to even build my own life is daunting. +I’m eager to get started investing into a dividend ETF. After reviewing some different funds, I like SCHD. My question is what would be a good strategy get started? Buy a few shares (this week) and then every couple weeks? Hold cash, wait for the price to come down and bit and buy a larger amount of shares? +Hello, + +I was looking into staking USDC or other stable coins and saw that [crypto.com](https://crypto.com) pays up to 12% for just holding onto USDC? ([https://crypto.com/us/earn](https://crypto.com/us/earn)) + +Also get 3% back on purchases with the [crypto.com](https://crypto.com) card? ([https://crypto.com/us/cards](https://crypto.com/us/cards)) + +This seems too good to be true, if anyone else is an expert in the space, please drop your comments. I understand the risk with USDC falling. Is there any gotcha that I'm missing? +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. +This is the continuation of this thread: [https://www.reddit.com/r/wallstreetbets/comments/l71c4z/gme\_megathread/](https://www.reddit.com/r/wallstreetbets/comments/l71c4z/gme_megathread/) +I’m living in Los Angeles and have been considering purchasing my first home in the next year after a significant pay bump and an inheritance. But looking around, I’m having a hard time wrapping my head around why rent prices have lagged so far behind housing prices. + +For example, the house I currently rent (just moved in 3 months ago) costs $3500/mo but is valued at around $1.3m based on comps in the area. Even when interest rates were low, a mortgage payment/taxes/insurance would be almost double my rent on this same house. + +I get that renting is “throwing your money away” (it’s not really) and that a mortgage is going towards building equity…but does it make any sense to buy when renting the same home is so so much cheaper here? + +Please refrain from “leave California” comments. +https://www.foxbusiness.com/retail/dicks-to-remove-hunting-products-in-125-stores-amid-fallout-from-gun-ban + +Dick’s Sporting Goods is planning to eliminate guns and other hunting products from 125 stores in 2019, a move that comes as the retailer continues to suffer fallout from its controversial decision to ban the sale of some firearms. +I was recently asked what my goal is for properties, and I wasn't able to say much other than "I'll do another deal when I see it." Wondering if you have specific goals in your real estate ventures that is a bit more specific than mine. + + +I have 10 doors at 110k/gross per year. +I hope to convert my basement into a one bedroom apartment.  Is the existing window to code for egress in a future bedroom? How do I determine what changes it might need? (Here are [photos](https://imgur.com/a/2GDwj0r) if anyone is curious).  + +How about the stairwell entrance - is it to code or might I need to make changes there? what are basic requirements? + +Local requirements are that I comply with the [2015 Virginia Uniform Statewide Code](https://www.princegeorgecountyva.gov/residents/community_development_and_code_compliance/building_inspections/virginia_uniform_statewide_building_codes_-_2012_edition.php), and I've looked through the documents but really can't find anything that resembles a clear answer.  + +Can anyone help?  + +Thanks! +Hello everyone + + +I am a realtor in the oregon area. I have an investor friend who is sort of new to investing. Well, he bought a foreclosure about 3 years ago that had squatters in it for about 9 months. There is reason to believe there was meth cooked in the house, but not proven. There were 19 people arrested in the home before they were able to close on the home. They fixed it up about 80 percent of the way, New everything except kitchen and bathrooms. They did not strip the house to the studs. They believed that it was not fully contaminated and just did a 3 step cleaning procedure on all surfaces for the first week they owned it. + + +How would you go about clearing this type of listing to close. I would like to make sure everything is in order before the listing so we don't have any hiccups during the transaction. + + +What sort of steps would I need to take: Meth inspection reports? Other inspection reports? + + + +EDIT:: I spoke to the police involved with this house previously. There were no signs of meth lab. Just drug use in the home. Thank goodness. +We always buy new from Lowes when there is a sale and use a 10% off coupon from eBay. But I was wondering, are we better off buying used stuff on CL or other marketplaces. I just got a dishwasher for $315 brand new, but older version (also stainless steel) is $80 on CL so it made me wonder.. + +&#x200B; + +Also, I see a lot of "refurbished" or "scratch and dent" warehouses in my area... do you ever buy from them? Prices seem a little lower, but not that much. + +&#x200B; + +This is for $1200-$1400 SFH rentals. + +&#x200B; + +Thanks in advance! +We always buy new from Lowes when there is a sale and use a 10% off coupon from eBay. But I was wondering, are we better off buying used stuff on CL or other marketplaces. I just got a dishwasher for $315 brand new, but older version (also stainless steel) is $80 on CL so it made me wonder.. + +&#x200B; + +Also, I see a lot of "refurbished" or "scratch and dent" warehouses in my area... do you ever buy from them? Prices seem a little lower, but not that much. + +&#x200B; + +This is for $1200-$1400 SFH rentals. + +&#x200B; + +Thanks in advance! +Experienced contractor / developer with several total renovations under my belt. Have always selected houses that are no longer habitable and brought them back to their glory - usually historic and architecturally interesting projects - it feels good to bring back their former glory. + +Working on a new project in a region without opportunities like this (moving for personal / family reasons). Project built in the 70s, hasn't been updated much since then, horrible condition, mold, pests, leaks, you name it. In need of total rehab - honestly heartbreaking to know that people are living in these conditions. + +The building is occupied by several tenants, all month to month, paying way below market value because of the condition of the property. No crime problems in the region, just older people living in squalor for years in a terribly maintained property. + +Plan is to kick everyone out, gut the place, and put the units back on the rental market as STRs or LTRs at twice the value. The project doesn't work with the bank if those values aren't met. + +I have a lot of internal conflict with this process - I have never had to displace anyone - I've always renovated abandoned properties so this is a first, but there simply aren't projects like that in this new region. On one hand I am increasing the value of the neighborhood, reducing potential for health and environmental hazards (mold, disease, electrical fire etc.) The building is long overdue for renovation. On the other hand, this is textbook gentrification and I hate it for that reason - I don't want to move people out of somewhere they've lived for years, even if it is a detriment to their health and well being. + +Anyone else gone through this experience and have any feelings about it one way or another? Its a fairly rural area so I know this is a much more accelerated topic in larger cities (NYC etc.). Also I've already heard the "If you don't do it, someone else will" argument - I'm not looking for platitudes but meaningful ethics content here. +He said "you could just leave it (unit 3) completely vacant, but if you rent it out you could get in trouble." + +Closing on a triplex, owner occupied FHA, inheriting tenants (unit 1+2), unit 3 is currently vacant. + +I plan on remodeling the vacant unit and mentioned to him that I didn't necessarily want to live in a remodel. + +I understand that if I rent out unit 3 to a tenant before 12 months are up, then this is considered fraud unless I have permission. + +Is it considered fraud to leave owners unit vacant for 12 months? + +If so, was he wrong for recommending this to me? +I live in an area with a ridiculous market (Tacoma WA) and I am interested in getting a rental property. Would you recommend purchasing a home out of state and having a property manager do all the legwork? +I'm starting from scratch essentially. I have 0 dollars in the bank, new city, new job. Job pays 50,000. I'll be spending a few months repairing my credit (it's 650 right now with a few things that need to be removed and my D/I is really high because I had to use my credit cards to pay for the move), paying off my credit cards, and filing my back taxes for last year and taxes for this year. + +So essentially I won't start to be able to save money until march. I wanted to buy a house this year and was looking into different real estate agents and mortgage brokers and they told me essentially what I'll need to do to get my first home. + +But recently I've been talking to my cousin. He has been in the real estate Market in Detroit since 2012. He has made a killing. + +He tells me that it is extremely dumb to get a mortgage or save up for a down-payment when i could just go to a tax auction or find a deal from a wholeseller, buy all cash, fix it, and either rent it out or flip it. + +The thing is for my first house the idea of completely renovating a new house by myself sounds like a hugely daunting task. I have to find the right contractors. Not only that, I have to save for the cost of renovating. And I've heard all kind of horror stories about costs always being more than you expect. Since I'm only going to have a set amount of cash, going over my budget would seem like a disaster. Getting a mortgage and just buying a home on FHA or Conventional and house hacking it, sounds like a reliable way to get started but my Cousin insists that I'm not going to get anywhere very fast like that. That I'll be moving in slow motion. That my returns will be horrible compared to what I can make on a fix and flip, and I'll essentially pay for the house 3 times over with a mortgage. + +Thoughts on that? + +If I do go with trying to find a house at a tax auction and renovate it, if that is what I want to do after I've saved up maybe 15 to 20k, what should I be reading and watching to educate me as much as possible for that task? + +In case this is relevant. My long term goal is that over the next 10 to 15 years I want to own enough rental properties to be able to live without working a full time job. Ideally without working at all. So about 4 to 5k a month. + +TL:DR - Was thinking about saving up for a downpayment for my first home for a mortgage but my cousin insists that that is a bad idea and I should instead save up to buy a house outright and fix and flip. Thoughts? +Hoping to get some advice on a possible 13 unit apartment deal. + +Background: I already own one double, one 4-plex, and one SFH, in addition to my primary residence. Manage them all by myself and after the initial work each one needed I don't have many issues and keep them pretty much 100% occupied. + + Found the owner privately so not on MLS. Asking price is $700,000 and seems pretty firm. 2 separate buildings, one is a 6 unit with all studio or 1 bedroom apartments (3 up, 3 down), other building is (7) 2-story townhomes all side by side. According to the owner, it brings in $8500/mo and yearly expenses are (roughly) $5,000 for taxes, $5000 insurance, $5000 in water, and $2000 for trash. He says they're "virtually always at 100% occupancy" and in great condition. Of course I'll verify all of these numbers and data, but for the sake of simplicity let's assume he's telling the truth. Seems like a good deal, my calculations put it at 12% cap rate and ~$2700/mo after expenses not including maintenance and vacancy. No PM, I'll manage myself. It's basically right across the street from my 4 Plex. B- area, maybe C++ depending on who you ask. + +Kicker is that he's willing to partially owner-finance the deal. He owes $570K on an SBA loan and will finance that portion and wants $130K in cash. + +I guess the biggest things I'm having a hard time wrapping my head around is the metrics for success/ good deal when making the jump from 4 units to 13. Seems like it should cash flow better, but from my understanding 12% cap is decent. However, it only cash flows ~$1100 more than my 4 Plex. + +Also, for financing, I don't have $130K, so I was thinking about using his offer of seller financing and using private/ hard money for the $130K for 6 months until I can refi. Local bank will let me refi with nothing out of pocket (assuming value is there) with either a 30 yr am, 5 year loan at 4.x% or 30 yr am, 15 year loan at 6%. + +Never really dealt with apartments, so any advice is much appreciated! Thanks for your time! + +Edit: Location is south Louisiana just outside New Orleans. +A year and a half ago I bought a 2014 accord for 13,500. + +It's at 120,000 miles now and two months ago I spent $3,000 on transmission servicing, new brake pads, rotors, and calipers. + +A month ago the parking break, abs, power steering, and traction control lights all came on. I took it to a **mechanic** to be reprogrammed and to have the brake fluid replaced, $1,000. That didn't fix the issue so now they say I need a whole new VSA Modulator which will be $3,000 and requires going to the dealer for programming it. + +If I go through with this I'll have $8,000 left on my car loan but $7,000 in repairs on a car I've had for just over a year. It's cutting into my monthly student loan payments and I would've had this car completely paid off by now. + +What should I do here? I'm thinking about trading it in for a cheaper camry or corolla. + +Edit: Sorry guys I misspoke, I took the car to a trusted mechanic for repairs, but now to replace the VSA modulator it required going to the dealer. +I was pondering this the other day and thought it would be a fun thought exercise to share. + +Assume you hit your number, whatever that may be, and for sake of argument, you do not choose to continue working and you cannot elect to continue padding your stash. This doesn't necessarily need to be your actual FIRE plan (it isn't mine), but it was fun to think about. + +Scenario: You decide to work one more year, halt your savings and instead purchase fun/exciting experiences and/or materials that you may have deferred or gone without. These can be one time purchases (e.g. a vacation), or things that you will bring into retirement (e.g. a new boat). + +1) How much would you be able to spend? (Phrased differently, how much are you currently saving towards retirement) + +2) What discretionary purchases would you make? + +3) What experiences would you purchase? + +------ + +My answers for those curious + +1) Between 401k, IRA, taxable account and savings, I've been squirreling away about $70-75k a year (55% gross, 70% net SR) over the last few years. + +2) As for purchases... ($70k budget) + +- Mazda CX-3, 1-2 years old, ~$17k +- Porsche Boxster S, early 2000's, ~$8k (why not? :P) +- Telescope/mount/camera set up to pursue astrophotography ~$5k +- New Laptops (4) for family ~$4k +- New Bikes (4) for family ~$4k +- Kayaks and car racks ~$3k +- Camping/Hiking equipment ~$2k +- More equipment for homebrewing ~$2k +- New Golf Clubs ~$1k + +3) Experiences + +- 14 Day Family Trip to Europe ~$10k (churn/AirBnB to bring costs down) +- 14 Day Alaskan cruise for me/SO ~$4k +- Donations to favorite charities ~$10k + +*** As an aside, I do plan to purchase/enjoy many of these things before retirement, at the moment I am 8-13 years away depending on life/market conditions. + +How the hell the market dipped around 10 percent as I were literally preparing myself a few wiches to eat? + +This is outrageous I mean in a matter of seconds it has happened. Now I am freaking out thinking of panic selling in case it might dip once again. + +Dude the world of crypto is extremely volatile... I mean a sudden 15% of decrease in price especially in one of those highly shilled and expected coins tells me that theres fair amount of manipulation in the market. + +Can someone chill me out I mean I was literally going to dca out in a few days and put some into my life saving account now I am exactly sitting at where I have started... + +Damn I am hysterical but this was a little bit too much for me hence all we expect was a smooth incline with a possible bullrun. +This is a financial crisis unlike any other, because it’s more predictable than 1987, 1999, & 2008. + +This won’t be the end of capitalism. People will go back to work. There WILL be a vaccine. + +What we’re witnessing right now is crazy amounts panic. Yes this will strongly impact our economy for the next 1-3 years, but it will climb back up. The whole world won’t come to an end from this. If you have a long enough time horizon, you’re fine. + +What you’re witnessing right now is a buying opportunity 1-3 months from now. Imagine once a vaccine gets announced? This market will skyrocket. + +It’s a scary time, but this isn’t the end of the world. Important to keep things in perspective. +It was a long slog of regular DCAing, but I'm about to finally see a full bitcoin in my ledger. No real point to this post except I'm proud to finally get there. For all of you still battling through, you're improving your future day by day. +Throwaway because people at work know my Reddit. + +My husband, since we were both students, had always told me he wanted to retire at 40 (now ~ 5 years away), which I rolled my eyes about. + +He recently showed me his specific plan and introduced me to FIRE/fatFIRE and I realized just how likely/close that really is: currently combined ~2m NW, ~700k pre-tax income, ~200k expenses. Realizing this is real and near possible was a huge impact on me, and it's in my mind all the time now. Mostly in a good way as it's very exciting to consider and I'm already looking forward to it, and ik still I'm a bit of shock it's a real possibility and not an abstract distant or unlikely thing. + +However, it's also made me think about my job and career a lot and I'm struggling with both motivation and decisions on how to value my time. In particular, my income is actually a pretty small part of that combined income, and FIRE calculators show if I made 0 from here on out it would change our date only by a few months. I certainly still want to have a career and contribute, but my job right now is incredibly stressful (product manager at a non-FAANG tech company). I might work a bit more than 5 years even if he retired then, but I don't think I'd choose to work much more than I had to. Which leads me to grapple with a lot of questions like: + +- How much, if at all, should I worry about my 5-10 year career goals if I probably won't even be working? +- Why am I working such a draining job that contributed so little financially? +- Should I try for a job that might pay significantly more (as PMs at other companies pay much better) so it does feel worth it, or find a lower stress job altogether that pays even less? + +Basically I care a ton about my work and my responsibilities, taking every failure very personally and committing all of myself to projects, and even if I know I don't have to it's hard to not care so much. So it's weird to look at this overall picture and feel like what I do doesnt even matter that much for all I put into it. + +Rambling aside, I'm curious what other people thought about their career when they realized FIRE was near. Did it change how you sought career growth? Any tips about having a more positive mindset? Were you still motivated to succeed knowing you'd be leaving soon? +I need help figuring out how to manage myself better with trading. + +4 weeks ago I put 7,000$ into a trading account. +As of today it’s down to 195$. + +I don’t care about losing the money even though it was a lot to me. I’m planning on working overtime at my 9-5 till the end of the year to put another 5-7k in and I am determined to become a full time trader no matter what it takes, even if I have to work my shitty job for years. I’m okay blowing up as many accounts as I need to until I learn how to trade professionally. Being a trader is the only “dream job” I’ve ever had. (I don’t have a lot of hobbies I like.) + +Where I messed up was a couple things. The number one thing was to summarize not being disciplined. + +On paper I have a good strategy. I spent time working on it and it works well. + +When it comes to the real market lots of stuff happen. + +I plan on max 3-5 trades a day, the last two days alone I made over 100 trades. + +When the market opens I just find myself thinking every possible trade looks okay and taking it, upping position size to make up for losers, not stopping trading when I hit my daily loss amount, not stopping when I’ve hit my daily profit goal, basically I’m just running on adrenaline and not making the best choices. + +When I mess up my plan, my consequence is I’m supposed to paper trade the next day and then I can come back the following day. but the paper trading day comes and I feel confident that “today will be different!” I live trade and end of the day I’ve made the same mistakes. + +In week 3 and 4 I told myself I was going to drop my size to one share and really just focus on trading well. When the market opened I went to my usual size everyday. + +My strategy is option scalping, so my usual size is just 1 contract at a time. But I feel so much adrenaline when I’m trading I get overwhelmed and just make dumb choices. + +I’ve had probably 2-4 days in the last 20 days I traded where I followed my rules. Those were great days but I just was overwhelmed with wanting to do more. + +I absolutely love trading and I would probably do it for fun even if I didn’t need money, but I’m stuck on trying to find ways to fix my natural untrained state of mind. + +I’ve tried finding a mentor or looking for a trading psychologist but I’ve had no luck. + +Is this just something that everyone struggles with? If so how did you progress past the undisciplined state? + +Is there any resources, things I could learn, watch, read, practice daily, YouTube channels or anything at all to help me stick to my strategy live trading? + +I’ve watched think like a Professional trader by Mark Douglas a couple times, And I just found Randall Howells YouTube channel. +I watch trading videos by Meir Barak, Matt Diamond, Institute of Trading, and Rayner Teo. + +All great resources and I learn tons daily but in the moment my mind goes blank and I just mess up. + +Any and all help is appreciated. +[Chart of the massacre](http://i.imgur.com/Z0K8GSv.png) + +Thanks to /r/personalfinance, /r/frugal, and a lot of non-reddit sites as well that made me feel like I wasn't alone. Nobody talks about debt in my real life, so I felt completely alone, like I was the only person whose mistakes and poor planning had landed them into this sort of bind. + +At times I felt desperate because the amount owed was so immense Sometimes I had a bad month and backslid and almost gave up. At times I was tempted to just min-pay until I died. I kept going, and lived reasonably frugally. If SomeRandomGuyOnInternet can do this shit, so can I! + +In addition to sharing this good news with you guys, I've celebrated in an even more fitting manner: by submitting forms to max out my 401k, and by opening an account with vanguard to invest more on top of that. Time to get compound interest working FOR me, not against me. + +Fuck debt. +I've noticed a trend in the last year or so - people acknowledging their privilege before discussing or asking questions about anything related to money, success, freedom, etc on online forum or blogs. This is well intentioned and probably a positive outcome from the recent focus on social and economic justice, but it also seems trite at times. Does it really have to be mentioned that a few circumstances in your life were beneficial when you're on a subreddit that's specifically dedicated to the accumulation of wealth? It's safe to say that we're all the beneficiaries of favorable conditions. + + + + +-UPDATE- +Upon re-reading, the tone of my original post is pretty negative and I wouldn't state it that way again. I did not mean to suggest that we aren't fortunate and that we shouldn't reflect on that and show gratitude and empathy for others in our actions. What I was trying to get at was that it seems a little silly to write it as a disclaimer before everything, sort of like every award show recipient that says "I wouldn't be here today with the support of my family and God." It's not a bad thing or even particularly annoying, it's just not very nuanced and seems to be a recent phenomenon. + +However, while I did a crap job of expressing my initial point, I'm really impressed by the thoughtful discussion that has followed. There have been many comments that I have reread multiple times and by which I am swayed. I think I probably would rather live in a world in which people acknowledge their circumstances, however flippantly, rather than tacitly imply that everyone had the same opportunities. As many others have stated here, it can provide meaningful context that helps form actionable plans. It's also less hostile to read than "not my fault you didn't go into STEM." So, good job everyone on presenting your thoughts compellingly! + + +I'm currently studying software engineering in uni with three years left on my course. For personal reasons and aspirations, I'd like to fast track my way to an entry level web dev job and three whole years is just too long a wait for what I want to achieve at the moment. I'm still very new to programming (been through a couple semesters learning python and OOP in uni) but I've recently picked up The Odin Project and I'm about halfway through the introductions course on there and I'm confident that I can work through the curriculum. + +However, I obviously have lots of reservations about this. The vast majority of entry level job listings I've seen list a bachelors degree in compsci or equivalent qualification as a requirement and currently I have no connections in the industry. I really don't want to spend potentially a year or more garnering skills and building up my portfoilio just to come to realise that it was essentially a year wasted and that I'd have to go back to uni to complete my degree anyways. I've read lots of success stories from those who have completed TOP and people seem to sing its praises on virtually every forum I visit but I was wondering just how realistic it is for me to get my foot in the door in this industry (in Australia) with just the skills and portfolio but no degree? + +Given that I treat it like a fulltime job (AT LEAST 5hrs per day), how confident can I be that I can land an entry level job within 1-2 years from now? Is this a really risky and/or dumb idea? + +Thanks for reading, I'd appreciate any input! +XEQT just payed some dividends yesterday. Why Marketsandresearch.td.com (Morningstars) states that it's a 0.43$ per share dividend payout?... + +It actually is 0.066$ per share. Which makes more sense, but I hyped myself for a couple days expecting 0.43$ per share :( + +Am I missing something or it is actually an error on Morningstar? + +Was 0.43$ the last yearly dividend yield? +I am genuinely wondering if getting my Canadian market exposure through owning shares of a bank is relatively equivalent to owning a market ETF. I compared TD with XIU and the 5 year performance is relatively similar. NA and QXM also correlate relatively closely. + +It might be a weird investment thesis, but banks have a lot of diversification and you are tapping more directly into the economy itself rather than just the market. This mostly comes from me trying to plan my RRSP around Canadian and Quebec based investments with some exposure to the US market through an SP500 fund. + +I don't like the Canadian indexes because they are heavily weighted in assets I don't like and I am dubious of the diversification in the Canadian market. The Quebec index is more to my liking but the etf is extremely low volume and the diversification isn't quite there either. + +So oddly enough I think owning bought TD and NA kind of fits my investment objectives. They outperform the indexes slightly and have better yields. I'm curious what people think. Is owning a bank a better balance of diversification than owning a market index? +I guess the title will quickly be outdated, so here is a table of "hours above" versus price + +|price|hours above| +|:-|:-| +|18900|31| +|19000|25| +|19100|18| +|19200|12| +|19300|8| +|19400|6| +|19500|2| +|19600|less than 1| + + +EDIT: Update with graphs and improved accuracy +https://www.reddit.com/r/Bitcoin/comments/jybaph/by_popular_demand_time_btc_spend_above_set_price/ +So apparently early DeFi projects running on the cardano testnet network are not able to properly operate DeFi transactions due the limitations that cardano has which only allow 1 transaction to process per block. + +Some users have already reported problems occur with the first Cardano DEX. + +https://twitter.com/binbal24/status/1434099322577113088 + +Can someone from the Cardano community that is more tech savvy further explain this problem and explain what causes this and if there is a solution for this cardano problem? +So, I'm watching prices for various stocks that I'm interested in drop pretty nicely today, but my trigger finger remains immobilized. Adobe, dropping as low as $305 (new 52 week low), Microsoft dropping back into the mid 240's, AMD dropping to the mid 70's. Nvidia under $130. Seems like lots of great opportunities. Why not buy these puppies right now? + +I just can't. You know damn well that Jerome Powell is going to say something next Tuesday or Wednesday that's going to spook the markets again. Sure, the markets will likely overreact to the downside, and then recover a bit about a week later, but won't ADBE, MSFT, NVDA, AMD, etc, etc, all be EVEN LOWER after Jerome spooks everybody next week? + +Why are people buying right now? Contrarian thinking? +I've recently been looking into options to reduce my expenses and I've been considering moving to Thailand for a couple of years. + +A little bit about me, 26 years old & my partner is 29, no dependants. I'm fortunate to own a restaurant which I have built up over 5 years and is now externally managed. I make roughly £30k gross and have minimal contact with the management, all work I do is remote-based. I also own a single buy-to-let flat which brings in around £4k per year after fees & mortgage repayment. + +I currently live in Edinburgh with my partner, our monthly rent, utilities cost around £1,350. This will obviously rise in the future with energy bills increasing. My partner makes good money (£42k) per year, however is miserable and looking to change her career path and wants to work remotely/online. She has decided to hand in her notice for her job to give another career path a go. If it doesn't work out she can easily pick up her previous job in the industry. + +&#x200B; + +I recently looked at the Thailand Eilte Visas, if anyone is unfamiliar for the price of £14k per person you can get a 5 year long Visa for the country. This does NOT allow you to work, however you can open a thai bank account, apply for a thai drivers license and has a few other benefits. + +I did some rough calculations and our rent and bills for a lovely 1 bed flat with shared pool, gym and other amenities would be roughly £400-£500 per month including bills. Not to mention general cost of living, food, entertainment etc.. Is a fraction of what it costs in the UK. + +I'm under the assumption that the £14k upfront cost would practically pay for itself within a year as I have no doubt I would be saving at least £1k per month in living costs. Obviously 2 people would cost more but you get the idea. I also imagine I could have some pretty serious tax breaks if I am out of the UK for more than 6 months of the year, but would need to speak to my accountant. + +I have just remortgaged my buy to let and taken out equity which has risen £17k if I sell my car that would also raise a minimum of £16k. Along with that I also have around £20k spare cash in my ltd company for my restaurant that is NOT required for general cash flow. + +&#x200B; + +I guess I'm asking for people's thoughts and advice. If there anyone in this sub that has done something similar? I'm getting absolutely sick of this country and cannot see the economic outlook changing for at least 2 years. I have also spent around 2 months in Thailand in the past. +Considering moving to Greece. However, I’d like to see if there are U.S. based firms that can help with the process. + +We particularly need help with banking and setting up a credit card. We currently use Charles Schwab no foreign exchange fees or foreign ATM fees. + +The downside to Schwab is no cashier check deposit option in Greece. We will obtain residency by real estate investment of €250K. + +Any recommendations for such a company to assist with this transition. + +Thanks. You all rock 🙂 +Yes, this is a shitpost, but the shit is real and sometimes, I forget to realize that only six months ago, we were hanging out around 10k. + +Insane... + +Edit: thanks for the rewards that this post clearly doesn't deserve +Yes, this is a shitpost, but the shit is real and sometimes, I forget to realize that only six months ago, we were hanging out around 10k. + +Insane... + +Edit: thanks for the rewards that this post clearly doesn't deserve +I believe I may have a medical condition but I have not yet got it checked out because I'm going to move to a new employer in 2 months time. + +I have private healthcare with my existing one and will also be getting it at my new employer. + +Will I be able to carry on treatment etc if I register it under my existing employers healthcare or will the new one not cover it? + +What about if I take out private healthcare myself and pay for it? Will I be able to get the medical treatment covered? Or will this be looked as an existing condition and the new private healthcare won't cover it so I will need to pay for all treatments myself? +[**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/) +Hoge has done remarkably well in the weeks it has been available. When it was added to Whitebit it soared and now it is being added to BKEK soon. This coin may be volatile but it is definitely going to grow, it has a lot more on the roadmap. This is still the ground floor. You will see posts next week about how much it has grown. + +You can get it on Uniswap or Whitebit if not in the U.S. + +To get Hoge on Uniswap you need to install Metamask into your browser, as an extension, and transfer ethereum into your wallet. After that you have to go to the below Uniswap link, which is also on the hoge.finance page. You need to adjust slippage, maybe 3% and account for gas fees. If it works you can still reject it after seeing the fees. I generally see what the fees are, reject it and readjust so I transfer as much as I can. You are better off making a larger purchase than a few small ones. The price of gas changes, I think based on processing demand, so some times are less but that means waiting. + +[https://app.uniswap.org/#/swap?slippage=500&outputCurrency=0xfad45e47083e4607302aa43c65fb3106f1cd7607](https://app.uniswap.org/#/swap?slippage=500&outputCurrency=0xfad45e47083e4607302aa43c65fb3106f1cd7607) + +You then may want to go to your Metamask and add Hoge as a custom token so you can see it. You can even trade it back to ethereum if you want, then to wherever. + +It is a nuisance but when it becomes easier and is on more exchanges you will be glad you got it before more people have access to it. + +[https://hoge.finance/](https://hoge.finance/) + +Here is a previous post that helps detail some of the fundamentals. [https://www.reddit.com/r/CryptoMoonShots/comments/lgts7q/hoge\_is\_the\_token\_to\_combat\_whales\_and\_dumping/](https://www.reddit.com/r/CryptoMoonShots/comments/lgts7q/hoge_is_the_token_to_combat_whales_and_dumping/) +Seems to be flying under the radar. IMO ChartEx is superior to Dextools yet is sitting at a MCAP of around 2m less. The token functions as a way of unlocking tiered premium ChartEx features. The tokenomics and roadmap are all available at https://about.chartex.pro/ + +Telegram: https://t.me/ChartExCommunity + +Discord: https://discord.gg/wJKzyK4 + +Price Chart: https://vip.chartex.pro/?symbol=UNISWAP:CHART + +Etherscan: https://etherscan.io/token/0x1d37986f252d0e349522ea6c3b98cb935495e63e + +Contract: 0x1d37986f252d0e349522ea6c3b98cb935495e63e +As always, DYOR. + +What I want to talk about today is a new social-auction app for influencers. I encountered the project, called SuperBid (uniswap token ticker $SUPERBID), on several gems groups after reading the info that its price skyrocketed from $0.01 to $0.60 and did $4m in volume in just 10 days. Let me give you some facts that I was able to verify: + +First and foremost, the product and its founders are KEY. The SuperBid app will allow influencers to auction off for virtual and physical goods, e.g. gamers can auction off an hour of playing Fortnite with them and so on. Some of the auctions will be live \[SuperBid combines the auction model, providing auctions in a traditional or livestream format\], so we got a merge of social and livestream eCommerce. + +I think that there is no need in explaining that the influencer market is huge and still growing, otherwise, we would not see so many teslas bought from YouTube money (From SuperBid’s website: Almost half (44%) of Generation Z has made a purchase decision based on a recommendation from a social influencer, 86% of young people say they want to post social media content for money & 70% of influencers chose to be influencers for the money and <$143bn – the purchasing power of Gen Z) + +Thus, we are dealing with an innovative model, which early investors like to describe as a new “TikTok” kind of thing. People can engage more with their idols, idols can have another source of income. Everybody’s winning. + +Speaking of founders - the people behind the project are already successful serial entrepreneurs. Their company, VentureDevs, develops tech and build teams for global companies, including Silicon Valley unicorns such as [Fair.com](http://fair.com/), and startups like [Music.com](http://music.com/). Fully transparent team and the product developed full in-house. All costs till now were covered by the founders, IPs protected. Additionally, Wojciech Sobczuk (one of the SuperBid's founders, CTO), is a well-known tech star in Poland for building a social media platform that was launched in February 2004 (shoutout Facebook) and was a huge success at this time, sold to Intel Capital. He is also a member of the Forbes Technology Council. + +As the biggest market in my opinion for this kind of app on start is Asia, especially South Korea, where influencers have one of the biggest levels of engagement in the world - founders are already in talks with a big SK CEXs and gaming influencers, whose names are supposed to be announced in the following weeks. In my opinion, other markets are not as advanced in terms of engagement and that's where the greatest demand may be in the future. + +About token itself: + +Initially, there were 777m tokens, but the team listened to the opinion of their Telegram group’s members and burned almost 90% of them, so now the total token supply is around 102m. They've started a fair, stealth launch on Friday 19th February with a sale price of $0.01 on Uniswap, no ICO, no marketing. They wanted the project to grow healthy and with a “customer development” ideology. The reaction was astonishing and still is: $SUPERBID token price at the moment of writing this is around $0.60 and stable. With every new information the value is growing, but still, it is super early - it’s not even listed on CoinGecko yet (submission has been sent, awaiting approval), so pretty much under the radar. It’s also listed on Estonian CEX named WhiteBIT since Friday. + +Their telegram group has grown from 0 to 400 members organically since launch, people are very engaged there and so is the CTO. Some of the big profiles on Twitter and Telegram have already mentioned $SUPERBID as a potential next gem. What we know is that SuperBid’s founders hold talks with influencers around the world, the first one will be announced shortly (she has somewhere above 300k followers on Instagram and is well known in Bollywood). According to the roadmap, the product itself is already in development and is due to be launched in alpha version in May this year on AppStore. + +Also, This Friday, 8 pm CET the founders will hold a first welcoming event on Zoom for all interested, so everyone can meet the team. If interested in being a part of it, join the telegram group linked below. + +Below I collected all of the necessary info so you can DYOR. People are going crazy about this project, yet I’m curious about your opinions. + +**Official page:** [https://www.superbid.io](https://www.superbid.io/) + +**Twitter:** [https://twitter.com/superbid\_io](https://twitter.com/superbid_io) + +**Telegram:** [https://t.me/superbid\_chat](https://t.me/superbid_chat) + +**Uniswap:** [https://app.uniswap.org/#/swap?outputCurrency=0x0563DCe613D559a47877fFD1593549fb9d3510D6](https://app.uniswap.org/#/swap?outputCurrency=0x0563DCe613D559a47877fFD1593549fb9d3510D6) + +**CEX:** [https://whitebit.com/trade/SUPERB\_ETH](https://whitebit.com/trade/SUPERB_ETH) + +**Teaser (PDF):** [https://drive.google.com/u/0/uc?id=1o8FDJZrMUsmt\_mZlz2qv8jCEJ7-J14Ns&export=download](https://drive.google.com/u/0/uc?id=1o8FDJZrMUsmt_mZlz2qv8jCEJ7-J14Ns&export=download) + +**Roadmap:** [https://drive.google.com/file/d/1e86CXIfpJ1Ze3N3uUxa2DlOpU\_7bKwd5/view](https://drive.google.com/file/d/1e86CXIfpJ1Ze3N3uUxa2DlOpU_7bKwd5/view) + +**Tokenomics and Distribution:** [https://drive.google.com/file/d/1bqyZfyJXWvygwLl1ZWMIKnY25yZI\_62X/view](https://drive.google.com/file/d/1bqyZfyJXWvygwLl1ZWMIKnY25yZI_62X/view) + +**Proof of locking:** [https://team.finance/view-coin/0x0563DCe613D559a47877fFD1593549fb9d3510D6?name=SuperBid&symbol=SUPERBID](https://team.finance/view-coin/0x0563DCe613D559a47877fFD1593549fb9d3510D6?name=SuperBid&symbol=SUPERBID) + +**Etherscan:** [https://etherscan.io/token/0x0563dce613d559a47877ffd1593549fb9d3510d6](https://etherscan.io/token/0x0563dce613d559a47877ffd1593549fb9d3510d6) +Maybe you care about the war in Ukraine or maybe you don't. + + +Just putting it out there, in case anyone cares. + + +It's just a matter of time before the Russian trollfarms will put two and two together and try to make reddit smoothbrains buy Russian shit. + + + +This is not financial advice etc. etc. +First of all, this is not financial advice. These are just my personal opinions based on observations of what Matt Furlong said today. + +When I was listening to today's conference call, of everything bullish that I heard, there was one sentence that really jacked my tits, and a few others that supported it. And here it is: +*"We intend to build up our cash position by the end of fiscal year 2022, assuming the operating environment permits."* +Some key words for the smooth brained apes here. The word OPERATING is key. +I'll take you back to college, accounting classes, where many apes may not have been because behind by the Wendy's or feel asleep in classes. +So in accounting, there is something called a Statement of Cash Flows. +It talks about how cash flows in the company. +There are 3 main sections: +1) Cash flows from (or used in) operating activities, +2) Cash flows from (or used in) investing activities, +3) Cash flows from (or used in) financing activities. + +That's it. Money can either come to you, or go from you, in one of these 3 activities. +The fact that Matt mentioned the word OPERATING indicates it'll likely be in this section of the cash flow statement, that Gamestop intends to "build up our cash position". +How do you build up your cash position through OPERATING activities? This is primarily your business. You intend to be making cash from your business. + +So without giving guidance, it appears that they're expecting to be making money from their business. + +So based off of that, then the CASH BALANCE INCREASING based off of what Matt said today. + +And not only that, timing-wise, he expects this "by the end of fiscal year 2022". Which for Gamestop, is January 31, 2023. About 10 1/2 months away. + +So it appears they expect to be making cash from their business within the next 10 1/2 months. Whereas they raised money last summer, this appears to be from their business. + +And what business was highlighted on the call as 1) expecting to launch before July 31, 2022 ("Q2"), and 2) they're going after an addressable market of $40 billion dollars? Their NFT marketplace. + +Further, it appears that it may be more than just the NFT marketplace according to the call with Matt today. On the call today, he says they're going to "make targeted bets in blockchain gaming AND CRYPTO CURRENCY". Not just NFTs, but CRYPTOCURRENCY too. +Further, he says they've invested "to drive the development of initiatives SUCH AS our NFT marketplace". Why didn't he say "to drive the development of our NFT marketplace", but instead, the NFT marketplace is just one of multiple initiatives apparently. And they touched on Cryptocurrency and who knows what else more. + +Look, my thoughts are from a market perspective I'm wholeheartedly about registering my shares in my own name, and who knows maybe there could be a MOASS based on trading and market dynamics, but I've invested in a technology company, and my personal opinion is I am planning on hiding my shares for at least 5 years and to avoid the FUD and the bigger players trying to shake people out. + +I read an article saying what the best performing accounts at a particular brokerage house were. They were the accounts of people who forgot who had the accounts. The next best were accounts of people who had died. + +Good luck to all. +Pretty straightforward. What do you like about your spreadsheet, or what have you done most recently to improve it? + +My SS has been pretty basic I'd guess for a while. I manually imput numbers on a generally quarterly basis. I've also input my target spending so it gives me FI and FIRE dates based on that. + +This is just aesthics, but recently I've added in conditional formatting to fade all rows in the past, highlight in yellow the current month, and also highlight incremental $1MM milestones. + +I want to look into automating balance pulls wherever possible, but that's a project for another time. + +So what do you like/what have you done recently? +If this post gets through Superstonk and makes it to the front page of Reddit, what you’ve got to understand if you’re a casual investor is that no serious Reddit investors are talking about, interested in, or let alone investing in any of the new ‘meme stocks’ getting so much attention on mainstream media on the daily. The one and only play is GME, it’s the only ‘meme stock’ that matters and the only one that threatens the survival of all the entities pumping all these other supposed ‘meme stocks’. + +The only place on Reddit where these pump and dump schemes are being broadcast is Wallstreet Bets, which was subjected to a hostile hedge fund takeover months ago. Any mention of GameStop is banned on Wallstreet Bets and posts talking about it are usually deleted within minutes. + +So you’re being criminally scammed into lighting your hard earned money on fire by chasing these supposed ‘meme stocks’ that are suddenly getting so much attention in the media while being promoted by hedge fund shills on Wallstreet Bets. They’re not getting any attention or interest from serious Reddit investors. + +What mainstream media and the hedge funds with vulnerable short positions in GME are accomplishing with their self-chosen ‘meme stocks’ is twofold. They’re running a pump and dump scheme to steal away your money in order to generate more finances for the war for survival in GME. And after the fact, when the dump happens, they get to start the long-term narrative that “those fickle redditors have moved on to something else. They’re not serious investors and it’s their fault you lost your money.” They want to discount and diminish us as serious investors because we pose a threat to their survival, to their ability to continue to game the system for their own gain. + +Well, we are serious investors. The play is and always has been GME, it’s the only ‘meme stock’ that matters and that’s why it’s the only ‘meme stock’ that barely gets any attention at all on mainstream media except to cast doubt on its suitability as a good investment. Every other ‘meme stock’ being pumped on mainstream media is a hedge fund pump and dump scheme meant to convince you to jump in to put money in their coffers before pulling the rug out from under you. +[https://www.barrons.com/advisor/articles/vanguard-target-date-retirement-funds-lawsuit-51647366034?siteid=yhoof2](https://www.barrons.com/advisor/articles/vanguard-target-date-retirement-funds-lawsuit-51647366034?siteid=yhoof2) + +&#x200B; + +\> Three investors are suing Vanguard Group for alleged negligence and breach of fiduciary duty, saying that changes the company made to target date retirement funds resulted in “massive tax bills” for individual investors. + +\> The asset manage ... had two tiers of target date funds, one for individual investors and retirement plans with fewer than $5 million and one for institutional investors with more than $100 million, according to the lawsuit. + +\> In December 2020, Vanguard lowered its minimum for institutional investors to $5 million.  + +\> That change sparked a sell-off in the retail target funds as smaller retirement plans sold assets in order to shift money into lower cost institutional funds, according to the lawsuit. Vanguard’s retail funds sold as much as 15% of their assets to raise cash to redeem shares, and in doing so realized capital gains which were distributed to the funds’ remaining investors as required by law, according to the lawsuit.  + +\> Vanguard had other options to avoid this outcome such as lowering the retail fund fees for plans that had at least $5 million invested or merging the two funds together, according to the lawsuit. + +\> Ultimately, Vanguard did the latter, merging the funds together in September 2021. This had no tax consequences for investors, according to the lawsuit. “At this point, however, the harm was done. Taxable investors had already incurred unnecessary capital gains distributions—and corresponding taxes—that could not be erased.” +scenario: you own 1BTC and in 20 years bitcoin is unequivocally the global standard store of value. the Earth’s population is 9.3 billion. just over 50% of the programmed BTC supply has been lost due to death, keys, etc. and there are roughly 10 million coins left in circulation. + +so how rich are you? at rock bottom you are but one of at most 10 million people to own at least 1BTC. that alone would put you in the 0.1% of the population. but of course it’s a much, much smaller pool than that given the bags of countries and institutions and whales galore along with the hoards of people who only own satoshi’s. so just how exclusive is your wealth with a single BTC in 2042? + +lay out your best estimate. +It may sound like a silly question but do REA lie about the $ value of offers they "have received"? Has anyone ever had an offer accepted for a value that's under what the REA said they "have received". + +For example the REA says he has received an offer for 600k but I think he's lying so I make an offer for 595K. Has anyone ever done this and the offer for 595K is accepted? +Hello, first I'd like to say thanks for all the information you guys put out there. I read a bunch of random topics that while I hope I never have to go through personally I'm more knowledgeable about due to this subreddit. + +Recently I've been trying to set up my budget. I've been working for 7 months now and am looking to move out on my own. I have been reading Rammit Sethi's book, "I will Teach you to be Rich." Overall I think the book is amazing. It's helped me get my head around the whole budgeting concept. + +In the book Rammit covers several ways to make budgeting automatic with several pay periods. The only way he doesn't really cover is weekly pay. I currently get paid weekly and am having a hard time figuring out how to save for bills from each pay check, instead of paying a bill completely from one pay check. + +So, lets say my phone bill is 80 dollars a month, how do you guys cope with being paid a different amount of times each month? + +Also I was wondering if someone had an excel spreed sheet that calculated take home pay, I know there are online calculators but I currently work 39 hours a week and none of the ones I found allow you to change the time worked. + +Another tough one I have problems with is my car insurance bill. I pay 3 months and am off for a couple. + +Edit: +UPDATE: My solution + +The below section is meant for people who come across this topic later on. I wanted to share what I decided to do. + +I decided to go with the "4 pay check per month" method. In summary most months have 4 weekly pay checks. So if you calculate your monthly budget in terms of this 4 pay check months you end up with months with five pay checks (this year march is the first one). What this means is that on the 5th paycheck I'll have a windfall since all my bills were already saved from the first 4 paychecks of the month. This gives me the decision to put that money where I want it. I'll probably add it to my IRA, snowball my student loans and/or add it to a savings goal (i.e. big purchase or vacation). + +In order to figure out all the above what I did was I went back to my last pay check in 2015. Calculated what Federal and State tax percentage was for each category under the taxes section of my paycheck (some were fixed so I just manually put those in). Then I did the same for my pre-tax deductions I coded in my 401(k) and then added in the fixed cost of my healthcare. Did the same for some employee benefits. Then I calculated what an average pay check was and made a spread sheet that took away all withholding and found, year total pay (avg pay *52), Monthly avg (avg year/12), 4 Pay Check Month (avg pay* 4), 5 Pay Check Month (avg pay * 5). + +The reason I put it all in a spread sheet is because its fluid. I don't have to enter any numbers. If my pay changes, my deductibles and everything changes. If I increase my 401k contribution all I have to do is change a number. The one thing I have to pay attention to is if my tax percentage changes. + +Below is the spread sheet I made. Of course I live in NJ so your tax section will be different if you're in another state. + +https://i.imgur.com/1IILu6y.png + +Thanks +Hi all, + +Today I paid off my mortgage in full today. + +It hasn't quite sunk in yet. After triple checking all the sort code, account no, payment ref details the bank member executed the transaction. The lady at the bank and the mortgage lender both said congratulations. + +Then I walked around for a bit on the high street and slowly started smiling. + +How I did it is fairly simple, I educated myself by reading various common articles, forums on the Internet (MSE, this etc) and I saved and saved. I overpaid each year by 10% and when finally I had enough in my bank account to execute the last big chunk I did it. + +It took me 7 years to pay off my mortgage from buying the property. I only realised only after the first year you could overpay a certain amount each year and the impact of Interest charges so this all goes back to educating myself about reading things. + +Without disclosing any numbers I just want to say I am not rich, I have a normal 9-5 job and live within my means. I am not easily seduced by marketing or peer pressure and normally assess if I really need something. + +Being in this position today hasn't been all that easy. There were bumps along the way. + +I was made redundant in the same time period, and few years later lost one of my best relationships, which I am still heart broken about. I've realised to celebrate the special occasions and let go a little bit and not be so strict. This is a lesson I wish I had learned before my relationship broke apart. + +But sometimes you don't realise certain things so they happen and you learn from such painful experiences. + +All in all I am realising the achievement as time passes, maybe it will sink in later. Thank you for providing good advice here and to the mods for maintaining a good community (I am sure you are reading this too!) + +Edit: The last big chunk was done when my term became flexible so wouldn't be penalised for it no matter how much I overpaid. I am in my mid 30's. + +:) +Over the last few years my finances have been all over the place. Constantly getting to the end of the month in my overdraft, payments here there and everywhere. + +Klarna finance +PayPal credit +Credit card +Monzo Flex +Barclays Partner Finance + +The list goes on. I wasn’t in debt in the high thousands or anything like that, but enough to mean I can’t focus on any savings or growth for the future, or investing. And if I didn’t get control of it all soon I knew I’d end up just getting into more and more debt. + +I stopped buying things for myself, cancelled some monthly subscriptions I wasn’t really using and downgraded my phone plan and started making extra payments to try and get my debt down. + +Today I made my last payment on my Klarna and cleared my debt completely. I’m pretty happy with myself that I was able to stick to my commitment and get it done. I’ve never been great with money but this subreddit and the flowchart really helped. + +Now that I have no debt, I’m going to focus on building myself an emergency pot, probably aim for 3 months wages initially and try and grow it from there. + +Is there anything else in particular I should be focussing on? My long term goal is to have some investments that give compound growth. I’m 35 now and I feel bad that I haven’t been looking into financial security as much as I should have. + +Nothing really to add, I just wanted to type out my achievements for the dopamine! +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!) +I have to admit, seeing people joke around and take the crash lightheartedly is something I haven't seen for months. + +People get so serious in here and hostile. Now it looks like we're all anticipating a further crash, but cracking jokes along the way. + +I think I'm starting to like it here again :) +Hey everyone, + +I am currently putting money away into my TFSA which I am managing myself. I have some money in my RRSP which is managed by someone. My funds are roughly 66% RRSP and 33% TFSA. + +My TFSA is heavy in resources (oil/gas, mining, steel) while my RRSP has BCE / Telus and a mutual fund. I have half my TFSA in unallocated cash and am torn between a getting an ETF that follows the S&P and one that follows the NASDAQ (like VFV.TO or HXQ.TO), or getting some bluechip dividend paying stocks. Either way, I thought I should diversify by getting more market exposure. + +I know this sub is big on ETFs, but I have seen some posts where people have done well by putting money away into aristocratic blue chips that have increased their dividends consistently for decades. I am new to this. What is the advantage of either approach, and if an ETF is best, how do you select the right one? + +Thanks for your time and any assistance. +[Graph](https://imgur.com/a/uEjDDET) + +I was inspired after reading u/FIthrowaway3453453's post (hope you don't mind me copying the format of your post!) on how he went from $10K to $1.3M in 8.5 years. Unfortunately, I don't have the data starting that early, but I did start tracking my data after I made a nice amount off the sale of a house about 4 years ago. What I do think is interesting about my graph is how fast you can get to $1M from $500K (took about 3.5 years), since I do see a lot of people asking how fast your money grows once you hit certain milestones. + +A few details: + +* This graph is for two people. +* My wife and I have two young ones (both less than 5 years old) +* We are both 38 years old. I work in Operations for a software company and she is an RN. Total household income is about $225K/year. +* We live in Los Angeles. +* No CC debt, pay it off each month. +* Paid off cars, only real debt aside from our mortgage is one student loan for about $400/month. +* Made about $350K off a house I bought for $200K in 2010. Sold it for $550K at very beginning of 2018. +* Dumped that into the stock market and NEVER took one cent out of it. Didn't have to use any of the earnings towards a new house because we rented after for a few years. +* This year got a huge windfall ($800K) from a death in the family and decided it was time to buy. Used that $800K plus another $200K of our own money to put a $1M downpayment on a house worth $1.5M. A lot of people told me that there were better ways to use the $800K windfall, but I am kind of risk averse, so I preferred the lower monthly mortgage versus the potential the market could return. +* Prior to us purchasing the house, I did hit $1M in total investments/cash. Having this net worth only lasted a few months before I had to pull $200K from it to drop my total net worth down to $800Kish. +* What is super interesting is that since the $200K down payment in October that I had to pull out, I already made back $130K of it within 2-3 months without really any contributions. Current net worth is at $930Kish. +* We are incredibly fortunate and lucky of the windfall we received, and the equity in our current house ($1M) plus what we have in cash/investments puts us close to $2M total net worth. +* I am hoping to hit $2M within the next 2-3 years. Don't really have a current end goal, I currently enjoy working so I guess my current end goal is to have my wife be a stay at home mom. But I think if I hit $5M then I'd probably consider retiring early. I think I can get there in my mid-40s? + +I'd love to hear what people would suggest I do with this much equity in our house, if anything. I know I mentioned I am risk averse, but I think it's mainly because I don't know what other options we have (besides just dumping it into the stock market). Also any questions or comments are appreciated. + +Edit: for those commenting that I hit $1m after the inheritance, I actually hit $1m before it. The inheritance (now home equity) takes me to near $2m. But the title of my post is “path to $1m” which is why I gloss over the inheritance. +There's so many of you 20 year olds making this much or more. I had to work my ass off with 3 college degrees, just to make $46k. What did I do wrong with my life!? + +**EDIT**: The "what's wrong with my life" is kind of a goof. I'm happy, I shouldn't have said it. This thread is hugely important for me when I point my students towards a specific career path. I can't thank you all enough for participating with your responses! +APES! Im sooooo super hyped for next weeks and the whole february! They shorted GME so hard last week we dropped back to like 98 euros for some time. + +I was finally able to go for 6 shares of GME as an engineering student from germany. Additionally because of that my buy in dropped from 179 euros to 145 euros! + +PLUS a friend of mine also finally became an ape with 3 shares and more to come. + +I went into the whole saga shortly after january 2021 happened and since then lurking here upvoting DRS posts and reading most of DDs. I love this community and the discussions taking place. Sure some times are rought since not everyone shares the same opinion on some topics BUT we always somehow manage to calm ourselves and try to focus on our goal to support GameStop and Ryan Cohen and ALSO DFV which I believe still lurks here and keeps fighting with us. + +In my years on earth I repeatedly get confronted with this one fact: Money means everything in our society and some small groups of criminals use the whole system to rob the world. THIS HAS TO STOP! + +As a Battlefield Fan and also hobby content creator I also see a huge amount of corruption in the gaming industry. As a gamer for a living this hurts even more to see when looking at the current state of games, especially Battlefield 2042. The top managers of companies.. THEY DONT CARE about us and simply want our money. Going for trends in gaming and copy paste mechanics just to use marketing to fool players and soak in the dollars. + +This is my reason to be here aside of my second reason to maybe be able to pay off my credit I used to study. Even if its a small sign we can bring out to the people its enough reason for me to stay here as an ape and fight this war for justice. + +I also happened to get into this whole shares and crypto currency stuff when GME happened. Because of GME I learned SO much in just one year reading all the DDs that I feel more confident whats going on than listening to some corrupt news papers. + +Love and justice to all of you and I hope we will ride on this journey together. + +PS: Next stop: MOON! BUY, HODL, DRS + +No financial advice +https://www.nasdaq.com/market-activity/pre-market + +Looking at the options chain also shows that call options for over 8 million shares have gone ITM since yesterday’s close. + +Last reported short interest was 40 million shares on may 14. This is about twice the short interest of AMC before last weeks squeeze. + +https://finance.yahoo.com/quote/CLOV?p=CLOV + +This looks like the perfect setup for a combined short and gamma squeeze. I see no reason why CLOV couldn’t reach the same price point as AMC did last week (>$70). It might even go higher than that. + + +Edit: updated estimated short interest data from Ortex by u/idster put it at 44% of float (cfr AMC @ 12% and GME @ 18%). + +https://reddit.com/r/wallstreetbets/comments/nv3avc/updated_figures_from_ortex_tues_morning/ +My company recently completed open enrollment for benefits. I was already on the HDHP, and stayed on it. The only difference is I've become more financially literate and learned of the values of an HSA. My company will not start distributing to the account from my paycheck until 2022 but I've opened the account. + +My question is, similar to an IRA, can I contribute the full 2021 amount now? +Hello all, + +My fiancé (26f) and I (26m) have been looking for a house since January. We are moving states to be closer to home and have been living with her parents in the meantime. She is able to work remotely @ her previous role indefinitely (not that it matters, but the company is 50% remote employees so there is no risk of them taking that away from her.) I just took a job that pays double what I was making out of state. Because of this, we have went from very little in the bank to $50k in savings. Our current monthly income has us looking in the $400k range for homes so we have 10% down and some left over to fill the house with furniture as we are coming from a one bedroom apartment. We are also effectively debt free, no student loans. The only debt either of us currently carries is my monthly car payments which is at a 0% interest rate to a relatively small balance on a 0% intro APR credit card for the ring that I bought. We also have a combined $40k in retirement savings through various accounts across work and personal contributions. Additionally, we make about $1k a month from a side gig that we started in November. + +With the financial background out of the way, my question is, should we be putting some of that down payment money in something that could earn us more than the 0.5% APY that our savings account pays? Considering we could need the cash in a month, are there any safe suggestions that we could take advantage of? + +Any thoughts are greatly welcome. +I’m having trouble finding clear answers to this question online. My husband and I make $110,000 before taxes and retirement funds are taken out and are starting to save for a down payment on a house. We want a house around $300,000. What I can’t figure out is what percent down payment should we be aiming to save for? What are the benefits to having a 20% downpayment long term and short term.. do we save a significant amount of money over the years by putting down 20%? I’ve heard we save a ton of money long term (like over 60,000) by saving for 20%, but I’ve also heard that it’s really only a $100 a month that is saved. I’m confused on this and need some dumbed down advice here 😖 + +Edit: +Our credit scores are both above 750 +I am 43. Got my bachelors degree two years ago. a useless degree, History. My plan all this time has been to teach. I have one semester left until I have a license in NC. i have 60,000 in student loan debt. I hope to find a teaching job at age 45. I plan to work until I am around 70 . I chose this career because I can do it until I am old. No mandatory retirement age. sometimes I wake up in a cold sweat thinking how screwed I am I didn't start my career earlier. Anyone have any advice ? Am I screwed? +Hey all! When it comes to financial planning, the decisions we make today obvious have a huge impact on us in the future. With that kind of pressure, it makes it extremely important to know what to do and who to trust. I’ve always been financially mindful but maybe not always financially responsible. Im in my 30s and my 20s were basically 10 years of just treading water. But now I know I need to make financial moves, set bigger goals, and plan for the future. I feel like there’s a sea of knowledge out there and everyone seems to have a different opinion, from Dave Ramsey, to every financial blog, to my dad, to the pizza delivery dude, + +My question: How did you figure out who to listen to? What tools did you use to form your own opinions? And is there some resource that you swear by? +Hi, I am potentially being gifted a substantial amount of stocks. From what I have looked at if I sell them I will need to pay 15% taxes as they are mostly long term capital gains on the part of the gifter. + +My intention is to immediately sell the stock upon receipt which, minus the taxes should just barely cover paying off my mortgage. (Like with less than $300 left over) + +I hope this is the right place to ask some questions, if not do let me know. + +My questions are: +1. Am I understanding the sale of the stock correctly? +2. If I sell the stock in 2020 but pay the house off in early 2021... is that a problem? +3. I can’t quite figure out if paying off a house introduces an additional tax burden? +4. Has anyone done something like this before? I’m not a stock person and don’t know the first thing about this process. + +Thanks! +(IN USA) I currently have ~$5000 in my checking, ~$10000 in my savings and ~$5000 in VTI and a few other investments. I just recently got hired for a part time job for $16/hr this summer and I intend on using this income flow to invest in a Roth IRA. I’m more confused on what I should be doing with the majority of my money, seeing as the $10000 in savings is in a laughably low yield Wells Fargo savings account. I pay about ~$700 in rent and utilities. I’ll do my best to give any more details about my financial situation down in the replies. Thanks! +Been putting off saving my money because I wanted to buy stuff I wanted. Decided to finally put my money into my savings and not touch it. + +https://preview.redd.it/ubn5c44b7wi81.png?width=1413&format=png&auto=webp&s=c7f032de08e488351511f78affeee9ac0a4a8148 +Oil prices spiked 7% to $31.85 a barrel on Friday. It represents a dramatic rebound from Wednesday, when crude crashed to as low as $26.19 a barrel, the weakest level since April 2003. That's a remarkable 21% surge in the span of just two days. + +The rally gathered momentum on Thursday when oil prices rose 4.2%, the biggest one-day percentage gain since October 28. + +All of this is great news for the stock market, which has been intensely focused on the price of crude oil. The Dow jumped more than 200 points on Friday morning, with energy stocks leading the market higher. Shares of BP (BP) and ExxonMobil (XOM) posted solid gains, while smaller Williams Companies (WMB) spiked 16%. + +However, Newsom said the fundamental backdrop remains very bearish for oil. The world simply has too much oil, especially given lackluster demand growth due to the slowdown in China +"Have we put the low in? I doubt it," said Newsom. He thinks it's possible oil could even dive below $10 a barrel, a level it hasn't seen since November 2001. +Before the Opec meeting the speculation was a good cut would be the result (rumors of 10-20mbpd) and oil futures were up, now they are down about 7%. US down 8.25%. + +https://oilprice.com/oil-price-charts/45 +So I’m not too sure on how to approach or best words to say. I want to speak to my boss soon about it though. I’m currently a CMM programmer and ESD tech. I wear multiple hats at my job. But I mainly do CMM programming. I looked up the average salary and 50% of programmers make $30 an hour. $26 minimum. I’m only making $23. I started at the job as an ESD tech only and learned how to use the CMM machine. But I’ve been having tons of experience with it for the last year and a half. + +But yeah, any advice on what I should do and say before I do it? My employers are extremely nice people and it’s the best job I’ve had so far, but with inflation and gas prices going up I definitely need the raise. + + +Edit: CMM(coordinate measuring machine) programming is not the same as computer programming btw +Not only can you stake your NFT for passive income, you can RENT your Kira....I wonder who else could benefit from renting out NFTs.... + +This has HUGE implications for GameStop. + +Can you imagine? + +Is this where blockbuster fits in for gamestops purposes? + +Who knows..... + +Let the hype continue. +I ran across a post on /r/dataisbeautiful/ that linked to a handy set of [maps, data, and tools](https://nobledatum.com/2018/05/22/5-maps-to-help-you-buy-your-next-home/) that seemed by useful for choosing a market to invest in. My own city is getting prohibitively expensive, so I'm getting more curious about different markets. + +Would anyone else like to share similar content? Do you have any bookmarked sites that you've found useful for exploring or investing in new areas? +What do you guys think about converting an empty maintenance room into a storage room? I could probably build 8-10 storage lockers for a 16 unit property. I already have a laundry room that is satisfying the needs. + +I’ve surveyed the tenants and they are open to it, but only a few expressed immediate interest. It might end up a build it and they will use it scenario. + +So, if you could, please let me know if you have storage units, what size are they, and what do you charge. +I imagine if contractors have zero interest in this place, then someone (me) with zero experience building a home has no business even considering a complete renovation… +I’m only asking this here because I’m looking to invest in real estate but don’t know if I should sit on the cash or invest with the way things are going in the states. +To first state the obvious, no I didn’t notice, and yes I should have. I use Mint to track my recurring payments, and for reasons I don’t fully understand, it’s been slipping through the filter. Furthermore, I actually use this car wash pretty frequently, and it wouldn’t be unusual to see a charge on my statement, hence neither my wife or I noticed. + +I was not aware of the charges and actually paid to use the carwash while being a “member”. This particular car wash pushes monthly memberships hard, and sometimes the people doing the selling have a significant language barrier. + +I’d like to believe that what happened was a misunderstanding, but it’s possible someone was trying to meet a quota and fraudulently enrolling people in the program. + +I’m planning to reach out to the merchant with a letter and copies of my statements showing the charges. + +If that fails, will a CC company (in this case Discover) take my side on this and do a chargeback? + +Absolutely sick to my stomach over this. I feel like I’ve been robbed every month, and not noticing makes it worse. +I am interested in doing iron condors for SPY. the Profit/Loss ratio seems pretty good to me. I am thinking of picking strike prices around 2% in any direction. Yes SPY has been pretty volatile lately but more often than not, SPY trades in fairly predictable manners. What do you guys think? What kind of strike prices do you guys choose? Also, I am fairly new to spreads in general so please be a little patient with me but I am willing to learn new things! +30,000 volume.. lol been following this sub for months now and been tempted to get in on the action.. but this here just sounds ridiculous.. what are the reasons NOT to sell 100 of these NAKED + +Édit: 3/19**** +Got 2k Canadian to spend , not a fan of the market currently but looking to make some weekly money. Was thinking about Mara or riot to get some crypto exposure. Thoughts? +My favorite play for Theta is selling ATM put options on $T. It's one of the few options plays that has been backtested for consistent returns... + +*"The 10D, 16D, 30D and 50D hold till expiration strategies yield higher total P/L and higher Sharpe ratios relative to buy-and-hold T. In fact, you’re better off using options on T to generate income than buying T outright and holding for the dividend."* + +If you haven't seen it, check out the backtests at: + +[https://spintwig.com/t-short-put-45-dte-leveraged-options-backtest/](https://spintwig.com/t-short-put-45-dte-leveraged-options-backtest/) + +It's hard to go wrong: "Systematically opening 45 DTE leveraged short put positions on T was profitable no matter which strategy was selected." + +My strategy is capital preservation first, and growth second, so an important part of selling options to me is having a strong belief that the underlying stock is unlikely to lose value. With many growth stocks, the fair market valuation is hard to pinpoint. + +With old cash cows like $T, it's a bit easier to figure out. + +According to FAST Graphs, $T is about 20% undervalued right now with a fair market value of $36.68, which represents a P/E of 11.5. + +https://preview.redd.it/dk6c6toh1os61.png?width=1249&format=png&auto=webp&s=5d3e7c82d4bb0d44d71d63f32ce72e4f09b49de9 + +Throw in a good (and improving) BBB credit rating, tons of operating cash flow, a \~7% dividend yield that is well-covered, and I'm happy to own shares if I get assigned. + +I am long $T and am selling T puts at the 30 strike across various expiration dates. + +Hello Gang ! + +Here are the top 25 high IV stocks (**full list** [**here**](https://theoptiongeeks.com/high-iv-options-trading/) \- it's free !) using this criteria: + +* US-listed stocks only +* Optionable stocks only +* Stock price >= $5 +* Market capitalisation >= $1 billion +* Current implied volatility >= 80% + +(data from October 18) + +&#x200B; + +[options trading list october 2021](https://preview.redd.it/931dh20u7eu71.png?width=1978&format=png&auto=webp&s=0f2171884d52b40d2935d5a871e971480441cb05) + + + +**Follow me** to get weekly updates + +&#x200B; + +I really appreciate your feedback and comments to improve the list ! + +&#x200B; + +\*\*\***High IV Stocks are VERY RISKY !!** We provide this list for informational purposes and do not guarantee its accuracy - **This is NOT financial and/or trading advice** \- ALWAYS DO YOUR OWN RESEARCH \*\*\* +Hi all, so wanted to share a hedging strategy that has done well for me in the last month. I call it the SPX Limp Calendar and it is constructed as follows: + +* Start with buying a 14 day call and put option about 1% out of the money on either side +* Sell a 7 to 10 day call option at the same strike as the call option you bought +* Sell a 7 to 10 day put option 30 points below the price of your put option. + +You'll get a PNL diagram looking like this: https://optionstrat.com/AT3zG9tbLu8d + +&nbsp; + +As you can see this combo will make a profit all the way down to zero, but the maximum profit it'll return is at where the short put option is. + +&nbsp; + +The position is theta positive, so it will continue to make money each day even if the stock doesn't move. It is also vega positive (as is any calendar spread) so will also profit when volatility rises (as it usually does when prices drop). + +&nbsp; + +**The adjustment** + +The biggest advantage of this strategy is that you can quickly adjust it if the market is rallying past your call option strikes. So when the price of SPX is near the breakeven I do two things: + +* roll up the short put option to the strike price of the long put option, turning this into a regular calendar +* buy an additional calendar spread the same front and back month expirations as the other calendar spreads to raise my breakeven. + +I aim to close all calendar spreads when I hit a total profit of 10 to 20 percent if the market is rallying. However, when markets are going down I like leaving it on as it continues soaking up losses in the rest of my portfolio. + +&nbsp; + +I've done this through September as it's helped me stay relatively flat this month, even though my portfolio is generally delta positive. Furthermore, a NDX limp calendar has helped protect all my profits in my 100 TQQQ shares. + +&nbsp; + +Looking to hear all your thoughts about this strategy as well as answer any questions. +Hello all, I recently stumbled upon this subreddit and was immediately captivated. + +I am an eat what you kill type of trader who wants to diversify my portfolio to include dividend paying components so I can accrue a steady income. + +I would like to get educated in this arena and I am looking for solid sources where I can read up and learn about dividend investing. Can someone recommend any and all quality sources for me to get started with. Thanks. +Do you think there is a propensity for some types of professionals to seek FIRE more than others? + +I can't start a poll, but it seems to me that there's a "stereotype" of people in this subreddit and others similar, usually working in IT, software development or some sort of online related business, is it due to some kind of bias like "people who use reddit are already filtered out from the general population based on some criteria" or do other professionals in for example healthcare, law, international relations, agriculture are less likely to seek financial independence? Or am I completely wrong in my observation? + +Edit: I'm amazed at so many different professions you guys actually have, I was wrong in thinking there were only tech guys pursuing FIRE, thank you for all the personal stories shared. Also to summarize some of the theories you posted as for why tech seems to prevail in these groups: relatively short education + high starting salaries + low job/raise perspectives after 45yo + some reddit bias) +&#x200B; + +So these CBDC's will be really bad news. + +&#x200B; + +I went through the last proposal so you didn't have to. + +TLDR: + +In short, they want unilateral power over money and to maintain control of global economies. They also fear Russia China and others are using crypto to skirt sanctions. + +They want complete control to spy and freeze funds in everyones accounts + +edit clarification: the top are screenshots from the CBDC proposal, they are eerily similar to the America Competes law listed below. One can deduce that with the power and flexibility of CBDC's they will give the treasury unilateral power + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +If you stack this with the America COMPETES Act of 2022 which gives the TReasury **unchecked and unilateral power to spy and halt or limit accounts and transactions.** + +Here are some screen shots + +The following are from the CBDC proposal: compare them to the screen shots below + +[https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf](https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf) + +&#x200B; + +https://preview.redd.it/xkfj0sqmyae81.png?width=2158&format=png&auto=webp&s=c795ff1a7b9012e2d085dc97897b46896ddaa927 + +&#x200B; + +https://preview.redd.it/dsy69lgryae81.png?width=2022&format=png&auto=webp&s=59dee7fdc7f6bad0d3a185e1c5c597fde7005ff2 + +https://preview.redd.it/nhlvgd2uyae81.png?width=2079&format=png&auto=webp&s=e9e985dfb9166b612c95a61528d13a31dfdfe1c6 + +The link below can be compared to the Fed white paper above. These are going to be used in conjunction + +[https://rules.house.gov/sites/democrats.rules.house.gov/files/BILLS-117HR4521RH-RCP117-31.pdf](https://rules.house.gov/sites/democrats.rules.house.gov/files/BILLS-117HR4521RH-RCP117-31.pdf) + +&#x200B; + +https://preview.redd.it/bugsisp70be81.png?width=2026&format=png&auto=webp&s=a7099b9d3a6d32cff8e6bf7b61cda3319a3d3d7b + +https://preview.redd.it/9cuncbhg0be81.png?width=2152&format=png&auto=webp&s=d2b06506058c9f5148e28a1a276691b09b716b00 + +&#x200B; + +[here is a little piece about concerns on Russia and China](https://preview.redd.it/nfbnruzq0be81.png?width=2048&format=png&auto=webp&s=f0bd55850d3d56f791dd7c94e540ffec087417e0) + +&#x200B; + +https://preview.redd.it/3ql96evy0be81.png?width=2292&format=png&auto=webp&s=de65b1af74cf66d55dcbde724d68fa2325a88a29 + +FED NOW is a service that directly competes with XRP and will also be wholly controlled by the Federal reserve + +here is a link references Russia investing in BTC to get around sanctions. + +[https://www.telegraph.co.uk/technology/2019/01/14/russia-plans-tackle-us-sanctions-bitcoin-investment-says-kremlin/](https://www.telegraph.co.uk/technology/2019/01/14/russia-plans-tackle-us-sanctions-bitcoin-investment-says-kremlin/) + +Lastly Biden will be using an executive order to provision and issue crypto rules next month + +This will be done under the banner of national security + +[https://www.barrons.com/articles/white-house-executive-action-regulate-cryptos-national-security-51643312454](https://www.barrons.com/articles/white-house-executive-action-regulate-cryptos-national-security-51643312454) + +An executive order is a signed, written, and published directive from the President of the United States that manages operations of the federal government. + +&#x200B; + +Executive orders are not legislation; they require no approval from Congress, and Congress cannot simply overturn them. Congress may pass legislation that might make it difficult, or even impossible, to carry out the order, such as removing funding. Only a sitting U.S. President may overturn an existing executive order by issuing another executive order to that effect. + +&#x200B; + +[https://www.americanbar.org/groups/public\_education/publications/teaching-legal-docs/what-is-an-executive-order-/](https://www.americanbar.org/groups/public_education/publications/teaching-legal-docs/what-is-an-executive-order-/) + +&#x200B; + +Personally I hope this goes all the way to the Supreme court as this is a gross violation of the 4th amendment + + The right of the people to be secure in their persons, houses, papers, and effects,[\[a\]](https://en.wikipedia.org/wiki/Fourth_Amendment_to_the_United_States_Constitution#cite_note-2) against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.[\[2\]](https://en.wikipedia.org/wiki/Fourth_Amendment_to_the_United_States_Constitution#cite_note-3) + +&#x200B; + +https://preview.redd.it/wdvfy1q2yce81.png?width=650&format=png&auto=webp&s=46fe900164ebabc8c793536f4f08a0cc616bd587 +As the title suggests - I’m all in on Bitcoin. + +Background: 28 year old with no financial obligations (no house, wife, kids etc). I have a stable job working for a Hedge Fund in London. + +The way I see Bitcoin is essentially an asymmetric risk/reward bet. There’s a possibility it doesn’t take off from the $10k mark and the price falls indefinitely. + +On the flip side there is a multitude of bullish sentiment which could realistically 10x the price over the next 5 years. + +My argument is - with house and equity prices at all time highs, what is my best bet to maximise my income for the future? A provably scarce hard asset that has an enormous network effect and the possibility to grow into a multi trillion market seems like a sensible option. + +My strategy is definitely not for everyone. I am diversified in the sense that my salary is correlated with the stock market. If BTC and the equity market collapse simultaneously then I will cry myself to sleep for a few days but I’ll still be debt free. + +In Satoshi we trust. +I repeated Diane Reynolds' simulation, as described [here](https://hackernoon.com/simulating-a-decentralized-lightning-network-with-10-million-users-9a8b5930fa7a), using her program. The only change I made was that instead of having "11 different fee policies evenly distributed among users", each node simply asks for 0.01% fee (= value x 0.0001) to route a transaction. Some of the 11 fee policies were quite complicated, like "trying to make channels more balanced". + +Here are the main results: + +Payments attempted: 500,000 + +Fee as a percentage of the payment 0.175 + +Routing failed: 7 + +Routing failed for big payments: 3 + +Routing failed for mid sized payments: 1 + +Routing failed for micro-payments: 3 + +Average lengths of routes: 17.5 + +So the payment failed for only 0.0014% of the payments. Note that for the last 100,000 payments, routing failed only once (1 midsizedpayment) and from 100,000 to 500,000 only 3 times (1 big, 1 mid size, 1 micro). The average total fee for a payment makes sense, as 0.01% x 17.5 hubs = 0.175% total fee. I didn't realize the program stopped after 500,000 payments and will now try to run it for more payments. + +**EDIT::** to see what happens when much more payments have occurred than there are users and channels, I've repeated the simulation with only 10,000 users. This means each user has 8 open channels and so (since each channel involves 2 users) there are about 40,000 channels open. The main result here is that mid size and micro payments almost always happen, big payments fail in 2.5% of the 1 million attempts. That's a really nice result because these big spenders can more easily choose to perform the payment on-chain: + +Here are the main results: + +Users: 10,000 + +Payments attempted: 1,000,000 + +Channels that have been used (now at max): 40,552 + +Users that have participated (now all): 10,000 + +Fee as a percentage of the payment 0.11 + +Routing failed: 24,927 + +Routing failed for big payments: 24,774 + +Average lengths of routes bigmpayments: 12 + +Routing failed for mid sized payments: 147 + +Average lengths of routes mid sized payments: 10 + +Routing failed for micro-payments: 6 + +Average lengths of routes micro-payments: 10 +Basically as title says, brought the house in Dec 2019, 2 years later realize I should've done 30 year for extra savings/ investments. Wondering if I should refinance to a 30 year term but fear I'll have to pay 10K$? just to do this. My wife and I are planning to probably upgrade house in \~4-5 years so not sure if we should just stick with the 15 year or go ahead and refinance + +Details: Took out a 304K$ loan @ 3% 15 years from Chase. Currently 272K$ left + +&#x200B; + +Edit: Thanks didn't expect so much helpful advice! I think we'll just wait it out but maybe see what's the "cost" is, if it's <2K$ then I may take it. Would like to invest in more index funds +Hey! +I have been seeing tonnes of adverts for apps such as acorn that are designed to get people started on investing, and whilst I dont usually take to advertising, the commercials have had me interested. What I would like to know is what does investment involve, what might I be getting myself into, and are these apps a good place to start? +I was bearish about the stock market just a few months ago and I had every right to be. It was clear, I remember. ”Inflation doesn’t magically make the stock market go up, even if it is at 20%” but today, a few months later, I forgot why I held that view and how it actually works. I know inflation isn’t at 20%, but how come inflation isn’t impacting the stock market in a ”positive” way despite it outpacing the fed rate hikes by a big margin? What was the reason for it going down, along with other equities, despite inflation being so high? I’m struggling to remmeber why this was the reason + +Thank you in advance! +I've spent a lot of time reading through r/personalfinance , and I just want to say that normally, I wouldn't recommend that anyone move out at 18 if they're able to save money a little longer. However, I have been both physically and psychologically abused for an indefinite amount of time, and I genuinely can't survive like this for much longer. + +A friend of mine (over 300 miles away) said that she could guarantee a place for me to sleep for at least 2 weeks, but couldn't promise anything longer than that. With the money I have saved up, I'm hoping to uber to a hotel in a city closer to where my friend lives, as she'd be willing to pick me up from there. + +While I'm there, I plan on applying for a job as a bank teller (hopefully I'll be accepted) and I will also contact the local youth shelter and see if I can get into transitional housing. Really, I just need enough time to get accepted for a job, and buy a cheap used car that I can sleep in for a while. + +My sister's been fighting to stay with my dad in the same city, but my abusive mother has been trying to manipulate him into sending her back. If my sister is able to land a job in this city, then we can hopefully split rent together. When my friend is able to move out, she'll likely come stay with us too. For anyone who's wondering, the reason why I haven't gone to live with my dad is because he's easily manipulated and doesn't want to get on my mom's bad side. Trust me, I've tried. + +I know this is starting to get a little too personal, so I'll go back to my financial question. Am I handling my money wisely in this situation? If not, what is the best possible way I can use it to my advantage? + +EDIT: I really wasn't expecting this post to receive the amount of feedback that it did, and honestly, I just wanted to take a moment to say thank you to you guys. Reading all of your advice and support really means a lot to me, and it provides me with all the motivation I need to get out. After reading some of these comments, I've re-adjusted my plan. Unfortunately, I won't be able to move my funds to another bank account until I turn 18. Once I do, my mom should receive an email notification. However, what she doesn't know is that I have the credentials to her email, so I can delete the notification before she even sees it. I did some more research, and turns out there are a bunch of rooms for rent in a city nearby that are relatively cheap. Instead of traveling all the way to my friend's city, this is likely what I'll do in the meantime until I become somewhat stable. After that, I'll pursue a certification in finance, and hopefully I can afford an accounting degree in the future. +“It is a FOMO -- fear of missing out -- mentality on IPOs because investors are underperforming their benchmarks and looking at IPOs as a way to catch up on performance,“ said Kristin DeClark, the co-head of [Barclays Plc](https://www.bloomberg.com/quote/BARC:LN)’s U.S. equity capital markets practice and global head of technology ECM. + +[https://bloom.bg/32cXWtW](https://bloom.bg/32cXWtW) +I've been spending the last few weeks browsing this sub and other related sites trying to gauge sentiment and see what other investors like myself (who are on the sidelines) have been thinking about the current market. General consensus seemed to share the opinion that we are only a few weeks into the crisis and things will get worse before they get better. However, since then the Fed has stepped in with unprecedented action and now there is a new stimulus package expected to pass this week. Has anyone's outlook changed? + +A few of the stocks on my watch list (TSLA, DIS, SQ) have seen a massive rally over the last two days and I'm kicking myself for not budging. I'm too stubborn to buy in now but I have this terrible feeling that I will be left on the sidelines while the market begins to make a recovery. +I've seen this coin discussed here once or twice in the past few days--I bought after reading a post from 3 days ago and doing some of my own research. I plan to hold until at least $20-30 (which should come soon), and heres why. + +The project has extreme potential. I would honestly call it revolutionary for lack of a less dramatic word. Basically, those who have BTC have nothing to do with it in terms of compounding their capital, outside of hodling of course. Although hodling BTC has been insanely profitable, as we all know, Strudel will allow Bitcoin to become more versatile by integrating its vBTC coin (pegged to Bitcoin) with the ERC20 interface and smart contract interoperability. When you burn BTC, vBTC is minted. + +What if you want your Bitcoin back? Simply exchange your new vBTC for another coin, then back to BTC. + +The Strudel coin is the governance token for vBTC, and acts as the intermediary that wraps BTC and creates the oft-mentioned trustless bridge. When such a bridge is trusted, several people own the digital signatures that form the essence of wBTC. Technically, it is possible for these people to collaborate and rugpull, as they are the ones that own the signatures to the bitcoin. With Strudel, this bridge is trustless, meaning that the aforementioned digital signatures are not in the hands of others. + +Now onto the other aspects of this coin. + +It was created by Keno, who went on to be a core dev at Sushi--he is now back on the Strudel team as an advisor. + +Holders and volume have increased at a great rate over the past few days. + +Although not officially announced, a partnership is Badgership is heavily rumored by the devs themselves and essentially confirmed. + +Very low mCap, especially compared to Ren, the closest thing to a competitor. + +V2 is coming out this week. + +I was promoting ASKO on here in comments back at single digit cents, and now I've compiled this post regarding the next coin that I personally think is set to moon (even further) based on the above points. + +Take a look and lmk what you think. +I wrote a comment a few minutes ago on this and felt it deserved its own post. Typically when these deep itm options show up, historically the next day the price tanks. The theory is that they exercise immediately and sell the shares to cause downward pressure on the stock. I’m not sure why the option itself doesn’t create upward pressure, so don’t ask. But I do feel obligated to point out this trend, so expect some dip buying. + +Now the question is why? + +They are scared of computershare imo. And trying to stop any perception that it is working. The key thing to keep in mind is that these naked call options eventually have to be bought back, and they hope to do that after momentum is killed. F - that + +Buy hold register, and if the same deep itm trend shows up that we’ve seen in the past causes a dip tomorrow, buy the dip! They are terrified. + +Kudos to my Man /u/dan_bren whom was tracking this religiously months ago. There were discussions in the comments which helped to identify this trend. We’ll see if they are still doing the same tricks tomorrow. + +Edit 36 minutes into trading - whale teeth for moass during the day? What is going on haha +Just started managing my own TFSA this spring, still feeling very green to figuring out proper DD of picking equities (and before you say "newb, just buy some broad ETFs!" I'm heavy in VDY and XEQT is coming up very shortly). + +Figured the Ukraine conflict would have everyone freaking out about energy products and I bought CNQ, which did very well. But I also was trying to pick long-term holds (or in oil stock cases, 2-3 years), I don't want to try and trade really frequently, just purchase good companies when the price is right. Watched it hit $84 in May and then tumble back down. + +Since then I've added a bit of SOIL-TSXV as a flier (they should do very well if WTI prices stay anywhere close to current). + +So tonight I just compared CNQ and CPG prices over the past months relative to WTI, and they are cheaper now than even before the war began. I know the obvious answer is a recession cuts consumption and oil prices keep trending down, but otherwise it doesn't seem like a lot of new production is going to be in place over the coming months: [U.S. Energy Information Administration - EIA - Independent Statistics and Analysis](https://www.eia.gov/todayinenergy/detail.php?id=52879) + +So what say you? Would you buy more Canadian energy stocks these days? +Ahoy hoy, + +I’m trying to understand why Mr. Powell’s comments are causing the market reaction that they are and the reasoning behind the selloff in bonds and stocks. + +Also, how is the bond selloff having a knock on effect on and causing stocks to selloff? + +I understand that the bond yields are almost at the same level as s&p dividend yields - so people should be going into bonds because for no risk, you’re getting the same yield as on stocks. That may explain the stock sell off? But why the bond selloff? + +Any help would be appreciated (caveat: I probably will have lots of follow up questions). +Price dropped from $0.55 to $0.28 this morning, now up to $0.37. + +What happened here? Volume is up to 24 million, highest volume on TSX by far. Their website has a report which states they require more funding for the completion of their mine. Did they release more shares? +For those of you that hold BAM and BN in a non-registered account, how did you track the adjusted cost basis with the distribution? I'm struggling to figure that out. Thanks +Trying to diversify my portfolio and considering psychedelics. One stock I was looking at was NUMI, thought I’d get some more opinions before making my decision. Could it surpass MMED (its other competitor) or come close? Thanks +In Canadian listed names, who to you is a real deal disruptor(destructor), and why? Been trying to sniff out some new names lately but not finding luck. Hopefully some of y'all can help direct some of my capital in worthy names. + +edit: if you are unable to post due to mods opaque posting rules, send me a message and i'll copy paste. +EDIT: Thank you for the advice and comments everyone. The bank responded to my CFPB response, **in which they uploaded my statements which displayed a completely different account number, and balances,** than what I have on online banking. I have spoken to a higher-up official who told me he confirmed that several departments, including the fraud and the security department, have no idea why my statements display what they do, where the charges came from, why the account number is wrong, etc. My online account is currently suspended. I was told that my fraud claims did indeed end in my favor and that this is being researched and I really don't want to say more than I already have. Thanks everyone. + +&#x200B; + +As the title states, victim of credit card fraud for a large dollar amount. PNC Bank denied my claim and I am unable to appeal it. They won't supply any evidence or supporting documents, and nobody will talk to me about it; not a supervisor, the fraud/security department, or anyone. I did manage to eventually talk to an employee who sounded new-ish, and was reading notes to himself, and he said the case had been referred to a group known as ISG, and that it was now out of PNC Banks' hands. I was forwarded to ISG a dozen times, only to leave a voicemail requesting a callback and never received one. + +&#x200B; + +I have written to them using certified mail, requesting acknowledgement receipt, to all four addresses I could find. The disputes address, payment address, main office, and appeals address. In the letter, I had requested supporting documentation that lead them to this decision. + +I have filed and notated a police report. + +Furthermore, and perhaps most importantly, I have contacted about 6 of the merchants where my card was used. They all have the same story - the dispute was ended in my favor. So the merchant was out the money, the merchandise, I'm out the money, and PNC just.... keeps it? I'm unable to view my statements online, and they won't mail them to me. Luckily, I had the statements saved and can confirm that a few merchants did credit me, but PNC just adjusted the credit back. And no, it wasn't them taking the provisional credit back. + +&#x200B; + +I've complained to the CFPB and OCC but need to know who, or what, this ISG group is. Thank you. +I find it funny how everyone, here and on tv, all of a sudden have become amazing market timers. They all know when we are crashing or that we have not bottomed yet because we have not seen real panic. Then there is the other consensus of a recession in 2020. + +When was the last time everyone saw a crash coming? Answer: never. + +So that more than anything else means it's not now or in 2020. It will be when almost nobody is calling for it and one day we wake up to a catalyst that causes a massive move down. + +Then a couple years later everyone will again start becoming experts on timing next recession. +XSPA Megathread 6/24 + +Please keep all discussion about XSPA here! + +All news, catalysts, and DD can be submitted as a stand-alone post. + +Please don't downvote others' comments in megathreads and sort by New +Today was exciting right? Wrong. + +**Today's volume was only 17 million. That seems like a lot to some who aren't paying attention. Let me spit some volume numbers out to you apes.** + +* June 1st - 9.63 million +* June 2nd - 16.02 million +* June 3rd - 8 million +* June 4th - 3.63 million +* June 7th - 6.02 million + +&#x200B; + +**What does all that mean, well lets just take a look at some more volume numbers shall we?** + +* Jan 22nd - 197.16 million +* Jan 25th - 177.87 million +* Jan 26th - 178.59 million + +&#x200B; + +* Feb 24th - 83.11 million +* Feb 25th - 150.31 million +* Feb 26th - 92.19 million + +# In comparison, as GrayStillPlays often says "Those are ROOKIE numbers" + +In fact, April 12th had a volume of 16.68 and was a nothing special day. Just the shorters shorting GME again. Like they have been. If you look over the recent volume, its miniscule. But every time a real action occurs, that volume skyrockets. As we know, Jan and March momentum build ups were blocked by shorters (and robbinghood) from developing properly. + +# This does NOT mean more volume = good, or higher share price + +This low volume tells me that apes are not selling. The share price keeps rising with minimal volume. It tells me that when the shorters HAVE to cover and the volume does start rising to the levels seen in January, GME will already be at a share price higher than anything we have seen before - and that that will just be the START of the squeeze or moass. Then, and only then, does one need to buckle up for the fucking ride of a lifetime. If it jumped from $20 to $400+ in Jan, just imagine what its going to do at these prices. To the fucking moon apes! + +Seriously, check the charts yourselves. The numbers do not lie. + +*Edited for formatting and to clarify some questions gotten in the comments. Also I am a smooth brain ape that until Jan 2021 didn't have a fucking clue what 95% of the terms I just wrote meant, and maybe still don't. Taking this as any sort of advice is more stupid than when I jacked my tits off to a Ken G impersonator.* +[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/) +My understanding is that the older you are when you first take out life insurance, the higher the premiums will be. I gather the increase can be quite steep as you approach 30. And, of course, the later you leave it, the more likely it is that you'll develop a medical condition which will bump up the cost further. + +If you are in your early to mid twenties and currently have no dependents, is it worth getting life insurance now (on the assumption that you will one day find a partner and might have children one day)? + +Also, I've heard that some mortgage providers push those applying towards getting life insurance. Do you ever get preferential mortgage rates if you have such insurance? +My MiL just bought a generator for her house in South Florida. Her neighborhood HOA told her that because they have had some problems with other contractors accidentally destroying landscaping, she needs to write a check for $4,000 that they will hold until they determine there was no damage to neighborhood property by her contractors. Obviously she is using an insured company. + +How does she get around this? Do I just go with her and yell at them? Is this legal? + +I should mention there are no cameras who monitors who is doing the damage so it could be anyone coming in and out of the neighborhood including tons of construction companies. Also, HOAs are garbage. +I hate how these posts often leave out important details, I'm happy to just tell you, no "MCOL" bullshit. 32 married guy, 2 kids. + +I'm going back to a town (an hour) outside Des Moines. I made my nut through crypto, I bought in 2013 and sold most in 2017-2018. + +I bought a 300k house and have family close by. + +My biggest fear is that it somehow gets known that we're wealthy, both for the stigma attached to it and also making myself and children targets. + +After that, I'm afraid I'll go off the deep end and somehow destroy my family's financial stability. + +&#x200B; +I worked for a very long time, 7 years, at a tech startup (joined early) and had a blast. In retrospect, it was hands down the best time of my life. + +Eventually I just ran out of steam as the company (and myself) changed, and decided it was healthy for me to move on. I took a highly paid position at a hedge fund, where my comp is $1.2M/y cash to manage a team of engineers. + +At the beginning it was insanely brutal, 80h a week of super high pressure. Now, a bit more than a year later, I settled into the role and, thanks to me becoming more assertive and also “accepting my always-on fate”, I just go with the flow and it’s not as hard on me anymore (it still consumes 60-70h a week including weekends). + +However, I am incredibly bored, my day is filled with thoughts like “why am I wasting my life on this”. I miss the excitement I used to have, the deep camaraderie with the people who were on the same mission, my new life seems almost sterile as compared to the previous one, everyone at work is nothing more than a competitive mercenary. + +Some of you might say: well, find another role, right? There are two issues with that: + +- I am a software engineer by trade, but at the former startup I’ve done literally everything under the sun: software engineer, manager, support, flew all over the world to bring my tech chops to win business with the sales team, spoke at numerous conferences, participated in marketing campaigns with innovative blog posts, … These positions are very hard to come by. + +- I am not the “naive” young person I once was, so it would be quite hard to replicate the excitement I felt. I am not sure that, being in a similar role to my former one, I would be as happy as I once was. + +I am 35. My financial situation is $3M liquid net worth, all invested in index funds, and the company equity for the startup I worked at is currently valued at $4M, if I were to liquidate it. There is a somewhat active secondary market so if I really wanted I could get those $4M, but I already sold enough of those shares over the years that letting this equity grow is the right balance to minimize future regret, as the company does have a path to 5-10X from here in a few years. If it goes to $0, oh well, I made a few bucks from the ones I already sold. + +For all purposes I am already financially independent on my $3M, as I live rather frugally and I like it that way. + +How would you reason about my situation? I figured many of you have been in similar shoes, trying to think how to get back to the “highs” after having lived very rewarding experiences that ended (e.g. building businesses, …) +I'm on the younger side of the fatFIRE game and just got married/planning on starting a family this year, so looking to get the house in order. We've got liquid assets, retirement savings, interest in various companies, and real estate (held mostly in a bunch of LLCs) that we want to pass to our (future) kids as smartly and efficiently as possible. On the advice of a trusts and estates attorney, we're planning on setting up a revocable living trusts and transfer all assets into it to avoid probate and conservatorship. We'll still have wills, which will "pour over" all assets into the trusts, and name guardians for the future kids. My questions for this group: + +&#x200B; + +1. Have you all taken this path, or a different one? +2. One thing that the attorney mentioned was the possibility of setting up a "family limited partnership" to be a topco entity to hold the LLCs we have interests in. Anyone have experience with this structure and have any thoughts on the tax efficiency/liability concerns of having a topco as an LP? +3. Has anyone done any thinking about whether property held in a trust for the benefit of children down the line affects the financial aid calculus at colleges (I don't think we'll qualify, but if there is a way to legally hack it so we do, that would be great.) +4. Anything else you've thought through as you plan on how to pass your fat stash to the next generation? + +&#x200B; + +&#x200B; +I understand the core concept of an enforceable contract based on future events, but there are two things I struggle with. Perhaps someone here could explain it to me. + +1). Smart Contracts are hailed as being absolutely enforceable and this is one of its competitive advantages over traditional contracts in Fiat currencies. How does this work in practice? Like if I was on a betting network and bet on the outcome of a sport game via smart contract, how would the network know? Would something need to interface with the network to let it know the outcome, and if so, couldn't this be just as corruptible as traditional contracts? + +2.) I hear about Smart contracts being a source of trade credit. I.e. I will purchase X from you at a certain date which is when the contract will execute. What happens in a situation where there are insufficient funds at the point of execution? Would you need to have the funds locked up until the execution of the contract? If so, wouldn't this defeat the purpose of using the system as credit? + +I'm sorry if these are stupid questions. If anything could provide some clarity that would be awesome. +EDIT +Updated List [Here](https://www.reddit.com/r/ethtrader/comments/45shqc/boneheads_ethereum_news_to_come_updated/) + +------------------------------- +If we learned anything about Ethereum in the last month, it's that amazing news happens out of no where. That said, we also know about news on the horizon. Here's my updated list of expected news to come. As always, *what am I missing?* + +**News we know will happen** + + * Homestead release date (we are deemed stable, come the masses) + * New Ethereum Foundation website - [the preview here is jaw dropping](http://dipl.me:3000/) + * Augur release date (potential game changing dapp) + * Fenbushi statement on Ethereum startup invesments + * Devcon2 Asian location + * [VB’s other mystery China adventures]( https://www.reddit.com/r/ethereum/comments/43u1ha/clarification_on_entities_i_am_involved_in/) + * [Clearmatics news]( http://www.clearmatics.com/) (VB involved) + * [Ethcore's Parity release](https://ethcore.io/parity.html) + * Casper's new release date + * Consensys' [TransActive Grid](https://consensys.net/ventures/partnerships/) + * Consensys' [Icebox](https://github.com/ConsenSys/icebox) + * [Ujo Music official release](http://ujomusic.com/) + +**Other Dapps and/or ventures with momentum to keep an eye on** + + * Slock.it + * Consenys + * Digix.io + * Ethcore + * Maker + * Plutus + * FreeMyVunk + * Provenance + * Colony + +**Potential surprises that are not really surprises** + + * OKcoin inclusion (largest exchange in China, insane history with price boosts) + * Gemini inclusion (New York baby!) + * News from any of the 100+ Dapps/Ventures we know (and don’t know) that are under development. For example, we didn’t see Plutus or Provenance coming until there was news about it. + +Others? +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! + +Thought I’d share this for all those exchange zealots out there... + +... A project launches an ICO and brings in a decent amount of money. Ideally, that money should be used to build the product or service and add value to the project by allowing the company to hire more developers, fund more marketing, etc. + +But instead, what happens so often is the ICO gets immediately put under an incredible amount of pressure from early contributors who got the deepest discounts (or biggest bonuses) to list on a major exchange as soon as possible. These contributors, who only play the short game, don’t care about the project or the crypto community. They’re here to arbitrage their connections and their ability to negotiate discounts as high as 90%, in order to monetize their gains and move on to the next desperate ICO who needs their ETH to help separate themselves from the rest of the ICO noise. + +In order to satisfy the early flippers, ICOs need to pay an enormous listing fee to a major exchange. We’ve heard of Binance increasing their listing fee from $2m to a whopping $6 million, due to demand. And even if the project can come up with that astonishing amount, there’s still no guarantee that the exchange will list you. In our case, that means we would have to spend over 10% of our total raise, or over 10 cents of every contributor’s dollar just to list on Binance. It’s hard to justify how this listing could provide that much benefit to the token holders + +Next, many major exchanges require that you retain the services of specific bots what’s known as market MAKERS (MM). + +In simple terms, a MM is an entity that will make sure that their computer lists at least 10 buy orders and 10 sell orders on the exchange at any time. Some exchanges require 20 orders on each side, or even more. The job of the MM is to make it appear as though there is significant activity and liquidity on the market on both sides, and to generate the appearance of high volume. + +This volume and low spreads gives speculators the artificial comfort that they can get in and out of positions at any time even if there is no real buyers or sellers on the other side. It is estimated that close to 90% of all trades on exchanges are with such bots and not humans. The MM does not take any financial risk or benefit the token holders, as they merely create liquidity, but do not change the direction of price or net volumes over time. + +MMs are not free, and it’s typically up to the ICO to pay for the services of the market maker. Naturally, those services are not cheap, and not surprisingly, the exchanges will happily put you in touch with, or force you to work with, a specific company which in many cases also represents the exchanges’ best interests. + +Not only that, but exchanges often have a third fee. That is, the exchanges will demand a deposit of up to millions of coins or tokens from the ICO in what they call a “liquidity deposit��� or charge. + +Now, the exchange has the ICO’s coins, a market maker, and an army of speculators. They lay in wait for just the right time to front-run their own clients (the ICOs and users of their platform) and then short the market for said coin using the coins given to them on deposit by the ICO to try and earn obscene profits by watching the project pump and dump all the way down the price charts. + +As these exchanges can see the trading volume and movement before you, they always win. If you have perfect timing and people in the know, you can make some money in this game, but most will eventually suffer terrible losses. + +Binance announced that they plan to earn a profit of $1 billion this year. That money doesn’t just appear out of thin air. Instead, it was collected from ICOs in the form of these sky high fees, trading in front of their client orders and shorting their own listed coins. That billion dollars Binance pocketed for itself (and that includes the distributions they make to their own BNB coin holders) doesn’t benefit the crypto community in the long term..... my + +- Alex Mashinsky, CEO of Celsius Network (via DC) +Currently 19 years old. Im on track to be an engineer and I hate school. I understand I should continue for a sort of insurance for my life, however I am willing to look for any method to live a more creative self made lifestyle. I've passively invested with TDA for the past year and have had an overall positive experience. If there are any full time traders out there I have a few questions: How did you start? How can I learn? And is this a viable career? + +Any other advice is greatly appreciated :) + +Hi, + +Recently, I transferred all of my savings from my Santander account to Barclays which was £10K. + +Barclays withdrew this money and held it, they then requested proof of funds from me, I sent them my business invoices as proof as they didn’t tell me explicitly what to send. My account was still unblocked and open at this point. + +They then said that this proof of funds was invalid and that I had to send them bank statements. Shortly after telling me this, Barclays decided to close my account immediately and froze all of my savings, including an additional £4957 in the Barclays account. I have visited Santander to get a statement but they have had to order one and have sent off a mini-statement to see if this will do anything but I doubts it. + +What do I actually do here? This was all of my savings and I have no money to pay my bills. +My late father left a pot of money for my little sister’s university education. Initially I thought she should take out student loans and we’d use the money to repay them when she finishes but the interest charged while she’s studying is 5.3% which is higher than any return we’d make from a safe investment. Is there another option I’m not thinking of or should we just pay for her education from this pot? + +Thanks in advance 😊 + +UPDATE: Thank you so much everyone, this advice and info has been really helpful. I’m going to speak to my sister tomorrow about taking out the loan and find something safe to invest part of the money in while she’s at uni. +I just bought a home and work as a self employed freelancer earning £70K+ per year. Everything is going great and I’m generally happy with my finances. +I am just concerned that with what’s going on right now, there are possibilities that I get sick and won’t be able to work for some time. I have emergency funds but not sure if it is enough. I’m in my early thirties and in good health. + +I’m wondering whether I’d be better off with income protection or life insurance? Is there any consultation that you guys can recommend? +No we won’t you dumb fucks. This isn’t 2008 where greedy institutions took outsized risk, lost bigly, and then forced us to hold the bags and THEN bail them out. + +Do you boomer smoothbrains even know how short squeezes work you dumbfucks. The greedy short sellers will be holding the giant bags - filled by the dirt from the gigantic hole they dug for THEMSELVES when they decided to short more GME shares than EXISTED (140%!!). They drove the stock price to 3$ and were too greedy to take profits and now here we are. So cry me a fucking river. + +Stop manipulating me you media fucks. SEC intern reading this- pls investigate them for manipulating me. + +Obligatory 🚀🚀🚀💎🤚 + +Edit: to the 🌈🐻bots and angry mob spamming this post, assaulting me, and threatening my autistic family- get fucked. SEC intern pls halp + +Edit2: since most brokers are preventing buying of GME common stock - retail investors are literally prevented from being bag holders at this point +Hey guys, there are a lot of articles suggesting that the world debt crisis is out of control and that we are heading for more than a recession/depression. Possibly a currency collapse and who knows what will happen after that. + +This is partly due to COVID-19 but we were in trouble way before that. I don't think this is news to anyone here. + +With the world debt to GDP ratio at an all-time high, unprecedented QE measures in all major countries coupled with the shutdowns and effects of COVID-19 things look pretty bleak. + +We are in a credit/currency crisis much larger than the 2008 crisis, there is no debate about that. + +In September 2019 global debt was about $253 trillion. Which is 3.3 times the global GDP. That was before COVID-19. As of the end of 2019, we were sitting on $87 trillion more in global debt than at the onset of the 2008 financial crisis. The same things that caused that crisis are still part of the system. + +In addition to printing money like there's no tomorrow the US fed is buying "unlimited amounts" of mortgage-backed securities. Remember that MBS's were one of the biggest factors in the 2008 crisis and the only way we got out of that was printing money and bailing out the banks. + +I understand that QE measures are supposed to provide liquidity so that the economy can keep running and people/companies have access to credit. The US didn't ween off of QE since the 2008 crash though. In fact, they increased the measures in late 2019 and are now pumping out trillions in bailouts and stimulus on top. That took over a year last time but the US came out swinging with trillions in bailouts in the first round in 2020. + +Canada is following the same approach. In March the bank of Canada dropped interest rates to near-zero while committing to buy $250 billion in Government of Canada bonds. That is where the CERB money and other stimulus is coming from. Canada is in better shape than many countries such as the US. Mostly due to stricter regulation in the banking sector, we aren't out of the woods by any means. If global credit locks up we won't be insulated from that. + +The only thing keeping global credit from locking up entirely is the influx of newly printed money from world governments. Are we going to print money to infinity? What happens then? + +It seems that nearly 100% of this sub still has faith in the stock markets, real estate, and the currency itself. The market is artificially high right now due to QE and bailouts. We all know that the market is basically a cesspool of corruption but you'd have to be blind not to recognize that it's on life support right now. + +Can somebody explain to me how we are able to print money and bailout indebted corporations without causing rapid inflation and/or causing the global economy to implode? + +How can you invest in the stock market right now with any confidence at all? We are very likely to see major corporations unable to service their debt very soon. The bailouts saved them for now but that money is already spent. The global debt elephant is massive. In recent months many highly leveraged companies have been unable to service their debt. + +We are already seeing a string of large corporations filing for bankruptcy protection. + +Here are a few examples from May alone: Reitmans Canada, the ALDO gorup, Gold’s Gym, Roots USA, Hertz (car rentals), JCPenney, J.Crew, Latam Airlines, Pier 1, Virgin Australia, Flybe (UK airline), and Diamond Offshore Drilling. There are way more, these are just some of the greatest hits. Retail was obviously hit the hardest so far. + +Pretty much all airlines that didn't receive government backing have gone bankrupt. Air Canada is due to go bankrupt again but they will almost certainly get bailed out. The oil sector doesn't look any better, these sectors aren't isolated they are just the first dominoes to fall. I can't see a scenario where bankruptcy rates don't accelerate in the next year and that will spread into other sectors. + +All I seem to hear is something along the lines of "it hasn't happened before so it won't happen this time." That's just complacency. I'm not here to say the sky is falling. I want to learn why people still have faith in the system. Maybe I'm missing something. + +I want to be convinced that the economy isn't going to collapse but I want to see some real arguments other than blind faith. + +TL;DR: I want someone to explain how global currencies won't collapse taking the stock market and real estate with it. + +Please don't post cute/clever comments about bears, chicken little and that kind of BS. I'm looking for a discussion here not the typical witty comment contest. +The plan: + +1. Get a HELOC at 2.35% for $100,000. The interest is $2350 per year, or nearly $200 per month. +2. Invest the 100,000 into a few dividend-paying ETFs such as XDIV, VDY, and ZEB. Assume the dividend rate is 3%. That's $3000 per year, or $250 per month. +3. Net gains per year: + 1. Gains on dividends = $3000 - $2350 = $650. + 2. Tax savings on the interest = $2350 \* 50% (\~highest tax bracket) = $1175 + 3. Tax paid on eligible dividend = 3000 \* 40% (\~highest tax bracket for eligible dividends) = $1200 + 4. Overall gains = 650 + 1175 - 1200 = $625 plus 3-4% compounding growth on the $100,000 ETF. + +The calculations above aren't 100% exact; I have exaggerated losses and under-represented gains, so the final value is somewhat conservative. + +&#x200B; + +Assumptions: + +1. There is no mortgage on the house. +2. Investment horizon is long-term (10+ years) and risk tolerance is as high as 100% equity ETFs (I'm not a fan of individual stocks for the long-term). +3. All investing will be done in non-registered accounts. + +&#x200B; + +Risks: + +1. HELOC rate goes up, or dividend yield goes down - I'll have to pick a steady dividend ETF and hope for the best. +2. Market crash (ETF goes down) - we had one last year and I don't think we'll see another >30% market drop for the next few years at least. As long as the bank doesn't call for their money back, I can hold until it's green again. I can also comfortably make the monthly interest payments without relying on a dividend. + +&#x200B; + +Is there a risk I'm not thinking of, or a calculation I'm doing incorrectly? Do you see issues if these numbers were scaled out to a higher HELOC amount, like 500,000? +The plan: + +1. Get a HELOC at 2.35% for $100,000. The interest is $2350 per year, or nearly $200 per month. +2. Invest the 100,000 into a few dividend-paying ETFs such as XDIV, VDY, and ZEB. Assume the dividend rate is 3%. That's $3000 per year, or $250 per month. +3. Net gains per year: + 1. Gains on dividends = $3000 - $2350 = $650. + 2. Tax savings on the interest = $2350 \* 50% (\~highest tax bracket) = $1175 + 3. Tax paid on eligible dividend = 3000 \* 40% (\~highest tax bracket for eligible dividends) = $1200 + 4. Overall gains = 650 + 1175 - 1200 = $625 plus 3-4% compounding growth on the $100,000 ETF. + +The calculations above aren't 100% exact; I have exaggerated losses and under-represented gains, so the final value is somewhat conservative. + +&#x200B; + +Assumptions: + +1. There is no mortgage on the house. +2. Investment horizon is long-term (10+ years) and risk tolerance is as high as 100% equity ETFs (I'm not a fan of individual stocks for the long-term). +3. All investing will be done in non-registered accounts. + +&#x200B; + +Risks: + +1. HELOC rate goes up, or dividend yield goes down - I'll have to pick a steady dividend ETF and hope for the best. +2. Market crash (ETF goes down) - we had one last year and I don't think we'll see another >30% market drop for the next few years at least. As long as the bank doesn't call for their money back, I can hold until it's green again. I can also comfortably make the monthly interest payments without relying on a dividend. + +&#x200B; + +Is there a risk I'm not thinking of, or a calculation I'm doing incorrectly? Do you see issues if these numbers were scaled out to a higher HELOC amount, like 500,000? +Welcome to this month's Rate My Portfolio megathread. Here, others can chime in on your portfolio with their thoughts, keeping the rest of the subreddit clean, and giving you the ~~confirmation bias~~ sanity check you need! + +&#x200B; + +Top level comments should aim to be highly detailed (2-3 paragraphs). Consider including the following: + +&#x200B; + +\* Financial goals and investment time horizon. + +&#x200B; + +\* Commentary on the reasoning behind your current and desired allocation. + +&#x200B; + +The more information you can provide, the better answers you'll get! + +&#x200B; + +Top level comments not including this information may be automatically removed. If your comment was erroneously removed, please \[message modmail here\]([https://old.reddit.com/message/compose/?to=/r/CanadianInvestor](https://old.reddit.com/message/compose/?to=/r/CanadianInvestor)). + +&#x200B; + +\--- + +&#x200B; + +Please don't downvote posts you disagree with. If a comment adds to the discussion, it warrants an upvote. +Hi, don't know anything about economics, trying to learn more. + +I saw that the *Big Short* guy among others predict that there are even more pains ahead. + +I'm in the middle of closing on a house right now and my remaining assets are split between tech stocks, crypto and index funds. + +Is real estate a safe hedge against it all? Is gold? Clearly crypto isn't. I'm buying a house just for personal reasons I've got a safety net/stable income so I'm not worried about losing my home, just wondering if there's any strategy people are taking presuming the doomsday scenario. +We have been gifted great layer 2's to enjoy. Fast, cheap and most important of all very secure. Yes, There is still much room for improvement but keep in mind these have basically been up and running less than a year. The future seems bright for all these so if you haven't explored yet what are you waiting for and to those who are already living on a layer 2. Which one is your favorite and why? + +Personally I use arbitrum. Their ecosystem is vast and rich in defi, games, wallets, and whatever else you want. Really looking forward to them starting the odyssey again and hopefully doing a token airdrop in a couple of years. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +When Vlad was telling people on Twitter "no moon" and then simultaneously talking about how great ERC20 tokens (as opposed to ETH itself) would be as cryptocurrencies - it got me scratching my head... + +I've heard repeatedly that under PoS the ETH token **price matters**. Indeed, that network security would depend on a *substantially* high price to mitigate the cost of attacks... However, I have just been informed - **that idea is nothing more than a common misconception**. + +I'm not an active trader - but I am invested in ETH and have basically devoted myself full time to learning about it, writing about it, and programming with it. Even still, it seems I was misguided in my understanding of PoS and value requirements if the network is to be "successful". + + +What do you all make of this: + +https://twitter.com/CallMeGwei/status/954971441203728384 + + + +How exactly could a less valuable network secure all these expensive assets on chain? Can someone ELI5 how that works exactly? Does this change your expectations for the price of ETH or the share of value it is often assumed that it will inherit from the valuable assets atop the platform? + +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! + +From + +[http://www.msn.com/en-us/money/retirement/heres-how-much-money-americans-have-in-their-401-k-s-at-every-age/ar-BBNev4A?ocid=ientp](http://www.msn.com/en-us/money/retirement/heres-how-much-money-americans-have-in-their-401-k-s-at-every-age/ar-BBNev4A?ocid=ientp) + +To give you an idea of how your retirement savings stack up against your peers, check out the average 401(k) balances in Fidelity accounts, as of the second quarter of 2018, broken down by age. The data was provided to [**CNBC Make It**](http://www.cnbc.com/id/103395579?__source=msn|money|inline|story|&par=msn&doc=105444414) by [Fidelity](https://www.fidelity.com/), the nation's largest retirement-plan provider: + +Age 20 to 29: **$11,500** + +Age 30 to 39: **$42,700** + +Age 40 to 49: **$103,500** + +Age 50 to 59: **$174,200** + +Age 60 to 69: **$192,800** + +&#x200B; + +Here are the average contribution rates by age, also from Fidelity: + +Age 20 to 29: **6.8 percent** + +Age 30 to 39: **7.6 percent** + +Age 40 to 49: **8.4 percent** + +Age 50 to 59: **10 percent** + +Age 60 to 69: **11.1 percent** + +&#x200B; + +Useful data for everyone here, and helping to put what you're doing in context of the broader US population, rather than just comparing between FIRE acolytes. + +I certainly have my moments reading this board and seeing people 5-10 years younger than me posting about savings way beyond what I have and feeling like I've made huge mistakes, etc. In light of these averages, I can feel a lot better about both my savings rates and the fact that I have retirement savings comparable to the age category 20 years ahead of me. +Any youtube videos or sites you would recommend to understand after-hours trading and gap ups? + +Are these huge gap ups and downs normal for trading or is this an abnormal period? + +I've been learning a lot about trading but one thing that isn't quite sinking in is how to read the after-hours trading and use that to determine what will happen during the day. It seems that most highly traded stocks will either shoot way up or way down when the day opens because of the gap up/down and then slowly make their way back closer towards the previous day's close. I've been watching some day traders live on youtube and it seems like they make the most of their money riding that initial 15-30 minutes when the market opens. Are they actually reading the premarket or are they just jumping in the momentum stocks for the week? +Im a dependent full-time student, but I managed to work pretty hard and make about $13k driving uber this past year. I filed my 1099 with TurboTax and it says I owe something like $1700 for self-employment tax after mileage deductions. Will I get any of this refunded seeing that my total income is so low? +See my previous post first to understand the story thus far: + +https://reddit.com/r/wallstreetbets/comments/l60euz/theory_the_hold_is_working_and_the_squeeze_is/ + +# Wed 01-27 + +Fantastic trading day. + + +Up 97% on the day to close out at $345 battling all through the $300s all day. + + +Curiously small amounts of volume all day leads me to believe this was small +amounts of short covering and paper hands selling on each bump (we'll know more +when Ortex posts data in the morning). + + +Yes it took a bit of a dip in the after market, but I expect greatness from our German +brothers and sisters to keep the momentum up today. The plan is the same: buy and hold. + +# *It is working*. + +What's most interesting rn is the new $ amount of calls about to expire. + + +I had to compile a spreadsheet for this from multiple sources because my usual +source didn't have the complete data (highly sus? Are they trying to hide this +data?) + +Spreadsheet: + +https://imgur.com/a/zXTeR4t + +This is essentially just the options chain you can look up. But, if you take +the Open Interest (how many contracts are alive), multiply that by the latest +close price * 100 and then sum all the contracts you get the total amount of $ of shares that are about to be +exercised. + +What's crazy about GME right now? + +# EVERY CLIT LICKING CALL IS ITM + +That is *insane*. Never seen it before. + + +Tuesday ended with all those options worth $800mill + + +Wednesday? They jumped to $3.5 *billion* and it will continue to rise as share prices rises. Buy and hold. + + +Two things are gonna happen b/c of this: + + +-1. Mega Gamma Squeeze. MM's who weren't properly hedged before are about to be (they will have to buy shares on the market +in order to cover these calls expiring higher than their delta position). But remember, all you degens are buying and holding, so there's low af volume and prices skyrocket with every share we *force* them to buy. Read this: +https://www.fool.com/investing/2021/01/26/gamestops-gargantuan-gamma-squeeze/ + + +tl;dr + + +> If the stock continues to rise, the market maker's delta position also +> becomes increasingly negative at a faster rate due to gamma, requiring more +> buying, which pushes the stock even higher still, and so forth. This +> phenomenon is known as a gamma squeeze and the feedback loop resembles a +> regular short squeeze. + +*feedback loop* you say? + +# Sounds like tendie rocket to me if everyone holds. + +-2. Many of these shares can be exercised into proper diamond hands instead of in MM's accounts that will +loan them back out to shorts. Further squozing the squeezees. This, however requires the owner to put up another position to +exercise. + + +Moral of the story: + + +If GME holds or even goes up further Thur & Fri this gamma squeeze could very +likely be the catalyst for the big squeeze come next week. + + +And it will be *epic*. + + +DISCLAIMER: This is not investment, legal, or financial advise. I am HIGH as +FUCK right now (again). Seriously. Don't believe anything you read here, this is purely +a work of fiction. +Hi guys, + +Many investors have argued inflation has peaked and point to oil prices falling as their reasoning. + +Oil is now creeping back up… + +Is there a sense that investors are naively optimistic about inflation? + +Think about it, what did investors say about inflation during the 70’s and early 80’s? + +That inflation with take 10+ years to cool down? + +Probably not, and it did anyway, because of oil. + +Here we are, in a similar spot, also because of oil… + +Thoughts? +BIG NEWS: + +We are happy to announce our official partnership with the great folks at [https://t.me/Satoshi\_club](https://t.me/Satoshi_club)! They have over 50k subscribers on Telegram and this will give us MASSIVE exposure. With all the questions and so much community involvement in such a short time, it would be unwise to wait any longer for an **AMA** of this caliber! So here we are folks — barely 1 week old & an official **AMA on April 25th 2021**. If you can't make it there will be a compiled document afterwards to check out. But try to be there, **THERE WILL BE $1000 USD+ REWARDS UP FOR GRABS.** + +Satoshi Club has a great community, just like you guys with us here at Moon Stop. Can't wait for this amazing partnership and this will bring thousands of new eyes on our coin. Go check out their telegram channel before hand to get a feel for them. Their AMA’s are huge!! + +Prepare yourself — next stop, the moon! + +[https://twitter.com/moonstopcoin/status/1381059658144751620](https://twitter.com/moonstopcoin/status/1381059658144751620) + +Official Tweet! Please Like and RT when you get a chance! Also share on Reddit, /biz, and anywhere else you can think of. In the meantime our NFT farm will continue getting better and better and there will be NFTs redeemable for BNB & Moon Stop rewards (1 million Moon Stop anyone?? 😏) + +As always, stay tuned for more and we are always open to new ideas! We have also launched our official [Discord](https://discord.gg/GMKRxhCh) today, so make sure to pop over to our announcements channel and check that out. This will also be huge! + +Thank you all for your engagement and involvement! Any questions please feel free to ask. + +Telegram: [https://twitter.com/moonstopcoin/status/1381059658144751620](https://twitter.com/moonstopcoin/status/1381059658144751620) + +PancakeSwap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x44c928e154d2f8bf41557ac2c93fb398263af0dd&inputCurrency=BNB](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x44c928e154d2f8bf41557ac2c93fb398263af0dd&inputCurrency=BNB) + +Chart: [https://poocoin.app/tokens/0x44c928e154d2f8bf41557ac2c93fb398263af0dd](https://poocoin.app/tokens/0x44c928e154d2f8bf41557ac2c93fb398263af0dd) +[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 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 + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +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 user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Y'all probably wondering, how did those manipulative hedgecunts allow us to close above 320. If you note, there were insane volumes during closing, but price remained steady. Because when the hedgecunts where manipulating it to go down and crash, several people found out the technique to buy excercisable calls with almost no premium. + +We bypassed the ban on buying more shares and were able to keep the momentum going above 320. + +We won the battle, and are well on our way to win the war. Since it closed above 320, millions of calls will be exercised and the gamma squeeze has officially begun. All we have to do now is HOLD. Just chill during this weekend for we have a war to win next week. + +I don't know if the technique will work on Monday, and if it does, anyone looking to buy 100 shares or more can do it. Remember to remove stop losses, and set limit higher than 1,000$ + +[https://www.reddit.com/r/wallstreetbets/comments/l82y7u/how\_to\_buy\_gme\_above\_broker\_limits/](https://www.reddit.com/r/wallstreetbets/comments/l82y7u/how_to_buy_gme_above_broker_limits/) + +**EVERYONE go pay respects to our lord and saviour in times of our need** u/adioking\*\*. His cock is massive and his brain is so wrinkled it may very well cause a black-hole. I am honored if he is my wife's boyfriend.\*\* +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. +Hi all, + +So during the lockdown I had some extra time and decided to finally read the book Warren Buffet considers "The best book on investment ever written". I was skeptical since I had read comments like "It's old", "value investing is dead", "Even Buffet cannot beat the S&P 500 in recent decade" etc. I will not try to summarise the book but will mention my quick review in points: + +1. Yes this book is OLD. But what feels old are the references the book uses to make its points. The fundamental principles the book is trying to teach seem as relevant as ever. +2. This book is NOT for beginners. Please don't read this book if you are very new to investing. The book at many times throws terms and references which complete newbies will find trouble following. You will better enjoy the book if you already have a rough idea of some common investing terms. Also, if you are already into investment, you will be able to find the logical current analogue of the references that Graham makes. +3. The commentary by Jason Zweig is AWESOME. Be sure to pick the commentary version since it completely enhances the readability and relevance of the book. He shows, through more recent examples, as to how the principles Graham is talking about are still relevant. +4. This book is INTENSE. It will take a lot of time and energy to go through the book. It reads more like an intense course book than a typical non-fiction book. But I felt it was all worth it for the insights it gives you. +5. Try to understand the underlying message rather than focusing on the specific numbers or names being talked about. Of course, the exact value/method of Debt/Equity, PE etc. Graham talks about may feel outdated but the underlying principles seem as fresh as they were then. +6. Value Investing and Growth Investing can work together. The book never says anything inherently negative about "growth stocks". In fact it does mention that these "growth stocks" can be bought at reasonable prices. If you are familiar with some basic principles given by Peter Lynch in this regard, it would help a lot I think. + +I'm relatively new to investing myself so only time will tell if I will be able to translate these learnings into actual returns. But I feel much more confident of making independent stock buying/selling decisions after reading this book. And for that alone, it was worth it. + +Cheers ! +Sadly PLTR was classified as a meme stock but that was fair considering the push and discussions on WSB early this year. + +All the meme stocks peaked on Jan 27th (the day of the demo) and i feel its entirely possible that the demo didnt actually push the stock price to where it reached. + +I would hope PLTR has a good run upto the demo day but i wouldnt keep up my hopes to high 😬 + +What do you all think? + +My position- 125 shares and 15 x April 23 32c +Wasn't sure where to post this, but I know r/investing was interested in this scandal, and considering the stock is down 10%, I expect it to fall more since their revenue will take a digger. +Hello I'm new to the whole "being an adult" thing and I was wondering what the best way to find a purely online bank. I'm looking at the APY but I'm more concerned with minimum deposit amounts and potential monthly fees. What I've been doing is using sites like nerdwallet and bankrate and then googling customer reviews and comparing. I feel like that's the smartest thing for me to do, but I would just like some more input. + +&#x200B; + +(Also sorry if this is the wrong flair) + +&#x200B; + +Edit: Probably gonna go with Ally. Thanks for all of your help! +So after reading about issues with Coinbase on this subreddit, I decided to transfer my eth to my own personal wallet. So I copy/pasted my personal key into Coinbase, tried to send my money... and Coinbased refused to send. I kept trying, and they kept canceling the transaction. + +Turns out, someone had hijacked my copy/paste function and I was pasting in a scammers address. I had never even considered this type of malware, but Coinbase recognized the address and refused to send to it. The site could gave been clearer on why send was failing, but still it really saved me. + +Just something to think about. +Original Post: https://www.reddit.com/r/personalfinance/comments/3eb8ud/being_headhunted_need_advice_please/ + +First of all, thank you all for the responses, I super appreciate it. + +Based on the particulars of this situation, I've decided not to go work for the new bank. They have been wishy washy, and I would feel yucky going across the street to the direct competitors. + +That being said, I've learned through all of this that I am worth a lot more than my current salary and had some discussions with my boss about a path for growth in my current company. Being that the growth in my company is not what I am currently looking for, I have started to apply elsewhere and already started having some replies from positions that pay in the $50s and don't make me feel unethical for taking them. + +Thanks again for all of your responses. +I met the love of my life a few years ago and couldn't be happier that I'm marrying her. + +Unfortunately, her parents have a long history of financial instability. All their lives, they've engaged in career changes to make money that never work, and money-making schemes that border on fraud, which also never work. When my beloved was a teenager, they dragged her into their schemes, getting her to co-sign for things when their credit was shot. + +I am a high-earning person and expect to earn even more in the near future. I am happy to finally provide a stable home life for my sweetheart. + +But I'm worried, that some way, some how, her parents will drag us down. + +Their latest scheme involves a home reno in a distressed neighborhood, that we fully expect will bankrupt them. Again. But this might be their last gasp, because they're getting too old. + +My sweetheart keeps them at arm's length and we have relatively little contact with them. She insists that she's prepared for this moment (over several years of therapy). When her parents come to her for money, she's going to say no. But I still worry. + +What if they add us to some financial document without our knowledge? Can they exploit the fact that we'd probably never sue them? + +What else could happen? + +Can I take steps to protect us, before anything happens? +Last I recall Melbourne’s inner west was blacklisted by the banks due to the oversupply of new apartments built and from what I’ve heard this is a situation occurring in every inner area of melb and Sydney so why are vacant apartments to rent at record lows and prices to buy barely coming down? They really have built all the apartments they possibly can but it still cost an arm and a leg to rent or buy one. Is “lack of supply” just a bullshit excuse for unaffordability? +I have a background in software development and some of my colleagues asking me to create our own coin. + +I know crypto and blockchain, but never extensively research it before. After some digging, I am mind blowing. I feel like most coins/defi projects..etc.. are kinda worthless/hype bubble, but can raise hundred of thousands, even millions dollars. + +I feel like I can just spend few weeks to train solidity, smart contract, create a coin, attach it to our business which already have few thousand active users for some random use case ( award good user with X coins or smt), create some hype and raise money. Am I thinking too simple? What am I missing here? + + +Edit: +A lot of very interesting answer haha. +Joking aside, there is one point I would like to add +\- Moral: yes, I initially thought about this too. But then, I see a lot of coins, who even their white paper looks like taking 30 minutes to create and still raise money. There is no way people dont know that a shitty project, but they still put money in. This is baffling to me at first, and then I realize people don't give a shit if it's a shit coin. Almost everybody FOMO in this market. So creating a shit coin is not actually immoral, right? +The chief executive officer of RioCan Real Estate Investment Trust has a message for investors: The company’s distributions are safe. + +“Either the market has way overreacted on the downside, or there’s this feeling that the world is so awful that they’re all going to be cut,” RioCan CEO Ed Sonshine said about payouts to investors in an interview with BNN Bloomberg Tuesday. + +“I can assure you that’s not the case for RioCan.” + +Investors have punished the TSX’s real estate subgroup, sending it down 28 per cent so far this year, amid the economic uncertainty caused by COVID-19. RioCan’s units have plunged 43 per cent since the end of February; and, as of Tuesday, the company’s yield was sitting at 10.11 per cent. + +The current yield is “probably the highest we’ve ever traded at in history, and our portfolio is the best it’s ever been in history,” Sonshine said. + +His comments come one day after the federal government unveiled its latest relief measure – the Large Employer Emergency Financing Facility (LEEFF) – which will offer bridge loans to companies unable to secure traditional financing amid the pandemic. + +While Sonshine noted that lockdowns will hit some of RioCan’s tenants – specifically Cineplex Inc. and Goodlife Fitness Centres Inc. - harder than others, the ability for businesses to thrive in a post-pandemic world will be determined by the strength of each firm’s underlying businesses models. + +“I would think they’d be the perfect candidates because they need a bridge to get them through, where their basic business model starts working again.” + +https://www.bnnbloomberg.ca/riocan-ceo-guarantees-distribution-amid-covid-19-turmoil-1.1435364 + + +I wanted to share with the group some due diligence and speculation I have done around Gamehost (TSX: GH). I want to start by saying that this is not a situation where you urgently need to buy this right now and ride up a wave, there will be no rocket ships on this post and I strongly encourage you to perform your own due diligence and see if you want to buy this stock. This is an extremely low volume stock and if you rush to buy it, the price will go up far past the supply of sellers. I do not intend to pump this but only to get critique. + +Gamehost is an owner and operator of 3 casinos located in Alberta, 2 hotels in Grande Prairie and a retail store rented to a liquor store near one of the casinos. The 3 casinos are: Boomtown Casino in Fort McMurray, The Great Northern Casino in Grande Prairie and the Deerfoot Inn and Casino in Calgary which they own 91% of currently. + +As you probably guessed by these locations, the casinos are cyclical and make a lot of money when oil prices are up and go through downturns when prices are low and projects stop. All 3 casinos are not destination type casinos like you would find in Las Vegas where people come from all around to visit, but are very reliant on their local communities. The Boomtown Casino is the only casino in Fort McMurray and the Great Northern Casino is the only proper casino in Grande Prairie with a much smaller limited one in town. The Deerfoot Inn and Casino is 1 of 7 (yes, 7!) casinos in the Calgary area. It primarily focuses on the Southeastern portion of the city and the surrounding suburbs and still serves a market of about 200,000 people in just that area. All 3 casinos are also very focused on live events and have become gathering points for live events and nights out for their communities. + +Although all 3 casinos have been affected by oil downturns all 3 communities they serve have much higher median income than the country as a whole. The casinos have remained profitable throughout the entirety of the oil downturn and despite a dividend cut in 2016 they have still paid a consistently strong dividend until the COVID-19 pandemic (more on this later). Grande Prairie’s economy is more focused on natural gas extraction which has been consistently profitable. Calgary as a major city does have a diversified economy as well which leaves just Fort McMurray to be the lone straggler in dealing with oil prices. No new casinos have been built in Alberta since 2006, which has left people still coming to the doors of the casinos regardless of the economy. All three cities have seen consistent population growth greater than 10% from 2016 according to Statistics Canada’s estimates which is far greater than the national average. People are still coming to these cities and are still making a fairly high wage compared to the average Canadian. + +The second thing that has likely come to your mind is why casinos when they have been shut down during the pandemic? As the vaccine is currently being implemented the orders will not last forever. When the casinos have been opened even with reduced services, they have remained profitable and the management has responded by using the pandemic as an opportunity. They have been consistently buying back thousands of shares every day and cancelling them. If you look at their SEDAR profile you can see that they have not missed a single day to cancel at least 2,000 shares per day. Since the company had 24.5 million shares issued, they have bought back about 1-2% of the float so far which has made the stock even harder to buy on the open markets due to the lack of volume. They have also been approved to expand the operations of the Deerfoot Inn and Casino which should be completed by the summer. The insiders have followed by accumulating many shares in their personal accounts over this period of weakness. + +In the third quarter of 2020 the company posted EPS of 12 cents per share down from 16 cents a year ago. Revenue was down to $4.9 million from $6.7 million. This is with severe restrictions and limitations on the amount of people that can come in the casino and what they can do. All live events were cancelled, table games were restricted and yet the company was still making enough money to buy back significant shares and improve their existing assets. The management has essentially channelled the dividend into making the number of shares decrease in a time of strong price weakness. + +There is interest in this space since the largest casino operator in the country Great Canadian Gaming was acquired recently for almost double what they were trading for in the spring. Private equity firms have been looking into casinos as a post-recovery play. Unlike companies in airlines or movie theatres, these do not have significant issues staying profitable during intense downturns, they only become less profitable with a sudden surge afterwards. + +I am speculatively buying this stock on the idea that as COVID-19 restrictions are gradually lifted there will be an awkward window where people will be back almost to normal within Canada and will have a strong urge to go out and do activities that they have been restricted from doing for months. At the same time they will be unable to travel internationally due to different countries having different vaccination schedules, planes still operating at reduced capacity with many airlines being in trouble and governments being reluctant to remove limitations abroad. This will significantly bring business to casinos and other live event focused businesses within Canada. I anticipate that in the 12 months past restrictions being lifted that the business will see a significant bump in EPS. They will reinstate the dividend and the share price will grow significantly. My personal price target is $12 per share but I could see it being anywhere from $10-$15 per share. This is without oil prices budging at all. + +In the long-term the price will be cyclical based on oil prices unless they start diversifying geographically. It is extremely difficult to get a licence to open a casino, which leaves the company with the only option of acquiring other casinos. This is a possibility down the road but something I will look more into once I see a significant bump in EPS due to increased demand. + +I do believe that in the current market with the price having barely recovered from the March lows, that the stock is a very good contrarian play in the 12-24 month range. Holding after that could potentially be risky depending on your own views on how the oil industry will play out and if the management has what it takes to diversify. Online gambling is an even longer term threat but since these casinos are focused on live events and have become a staple of the communities that they are in, this is not likely to be a threat for some significant time. + +Please let me know what you think, feel free to criticize. If you guys like my analysis I could do more on other small or mid cap companies. There have been a few I have kicked myself over missing. +Images without context should be banned IMO. There should be a story or something relatable or a journey about how one accomplished what they did. Otherwise this sub is just personal finance w/ extra circle jerk of "just make more money 4head" +$BBBY IS NOW OFFICIALLY A JUNK COMPANY according to S&P Global Ratings. Source: [https://www.marketwatch.com/story/bed-bath-beyond-credit-rating-downgraded-further-into-junk-territory-by-sp-global-ratings-2022-08-22?siteid=yhoof2](https://www.marketwatch.com/story/bed-bath-beyond-credit-rating-downgraded-further-into-junk-territory-by-sp-global-ratings-2022-08-22?siteid=yhoof2) + +https://preview.redd.it/6j5o8nd5faj91.png?width=1377&format=png&auto=webp&s=87e56dc8dcfec497a0ae9e336acfa02491f3a06b +So after numerous poor life choices I find myself running dry at 49 - statistically the best earning years of my life. My whole career has been corporate jobs - I've done OK now earning c £64K with pensions from old jobs and new in good shape. But mortgage plus stuff means my outgoings outstrip income by roughly £250 month. + +Up to now windfalls and occasional bonuses have kept head above water. But shortly the savings will be exhausted and a regular month will start to accrue debt. + +My frustration is that assets like my pension and home are inaccessible for cash. I have 8 years to go on my mortgage but c £200K equity in the property value. Likewise pension well funded but earliest to access is in 6 years time. + +Additionally I have lots if stuff just wearing out - I could easily spend £20K on home improvement just to fix stuff that's worn out or broke. + +Final factor - university beckons for two kids and I have no funds to support. + +What advice do you have? +I mean, the stocks/funds you guys discuss and recommend here have yield of 1-2-4%. Way below inflation. I thought ROI should be at least 10% or else how can you possibly make, not loose, money? Or am I looking at wrong parameter? +I’m in my mid fifties and planning to retire within the next 3-5 years. My 401-k is currently invested in an S&P 500 Index fund, balance of around $1 mil. Upon retirement, I’m planning to roll it over into an IRA and reallocate as follows: 50% SCHD, 20% SCHY, 15% JEPI, 15% JEPQ. + +Thoughts? +Tried to teach me about investing and none of it made sense at the time. I was young, naive, and stupid. I’m now 35 and still just stupid. + +I really want to start doing my DD on companies with dividends but don’t know exactly where to start. If anyone has guides or suggestions on websites I’d really appreciate it! + +Edit: Thank you all. Was not expecting this much useful information and I’m sorry for leading you all on. You’ve gotta admit it though the misleading title worked! +Investing is a topic I have been interested in for some time now but other than a general interest it hasn't seemed to go much further. + +I have read a few books, but often have ended up being grand tails of their best investments rather than how to invest, what research to do, and how to go about it. + +I am UK based and have between £18k - 24k year to invest (£1500 - £2000pm) but other than that I'm a bit stumped. + +I have some money in crypto using CoinBase and have done alright with that, but I want to take it further. + +My long term goal is to create passive income to create the possibility to retire in 20 years. + +With this in mind I'm looking for three bits of advice. + +1) Are there any good books or articles that I can read to learn how to invest rather than just tails of other peoples investment. I would like a good fundimental understanding of what to look out for and what to avoid. + +2) I have used the demo account of etoro and liked its user interface but have heard it is really expensive in comparison to other investment apps. Does anyone have any idea the best UK compatible investment app (or should I use a broker, if so, who) + +3) Do you have any tips, tricks or advise for a beginner that is passionate to learn the art of investing. Is there anything I need to know? + +Thanks for your time and hopefully you can help with some or all of my question. +For background, I recently started a new job with $210k base in NY. Living in NJ. Single. Yearly bonus will be 16-18% I’ve heard. + +I’m unsure of withholding/deductions/options to minimize my tax burden here. Is there a place to ask this? +I have decided to get back to school, during the past years I have managed to save up around 75% of what I would require. I am from India and is planning for masters in US. Most of my savings are in the form of stocks in both the US market and here in Indian market. Although, the market has been going through a turmoil in recent months, I am still in green. Now the question I face is should I sell off my stocks to finance my education or go with a loan. The rates I am being offered is around 9%. +What would be the better option? Is expecting 9% return in the current market an overkill? Hoping for +some inputs from you guys. +Hi folks, this year for the first time I maxed out my 401(k) and IRA contributions. As a result, my excess income for the past couple of months is going into a taxable brokerage account. So far I've pretty much just split the money between index funds like FXAIX and FTIHX. I'm in my early 30s, have a solid emergency fund, no plans for large expenditures, and don't plan on touching the investments in this account for a long time. I'm wondering if, for tax or future planning reasons, there are any types of funds that someone like me, who is using this account as as kind of overflow retirement account should avoid to minimize any potential complexity or tax downside? + +Sorry if it's a dumb question. Would welcome any reading or resources people have to offer on the topic. +My mom and dad have been married for 30 years dad isn't doing to good because he drinks a lot. The house is in my parents name. My dad has set aside part of his pension for my mom. My dad will not write a will and my mom has no idea how to find out what money would be hers when he passes away. +Unsure how to help because he will not tell her. He says she will find out when he passes away. + +Just worried mom will be screwed and not know what to do because I think it will go into probate. +I wanted to get some thoughts on the best way forward with saving for my kids. + +Our strategy is to put away $1K each year per kid for them to use when they are either 18 years old or 21 for a life boost (i.e. buy a car, help with some college payments, or to help fund some a trade school). + +It's not a ton of money I know but I have it in a regular saving account and I feel we need to put it in something more useful. Should I put it in a CD instead? Is there a better way to save? +I worked two jobs to try to afford my student loans and other bills. My second job (waiter) has just recently closed and I’m now left with only my first job. I know obviously I can’t file unemployment but I’m still struggling to pay these bills. Will I be able to draw any compensation package for the second job from the govt since it was impacted by covid19? Is this a question for my employer or would I qualify for any government assistance?? +I often hear that Lidl / Aldi are much better value for weekly shops, what products in particular are worth going to these shops for. Alternatively are there any products that Sainsburys / Tesco will remain your go to? +Is it possible to borrow more than a property sale price? I am looking at a house listed at 290k. I have a 60k deposit and want to borrow 340k to do some remodelling. Will a lender allow this and if so, would they want details of how the 50k extra is spent? +My parents moved less than a year ago and retained their old house. They tried renting it out, but the first renting situation did not turn out great. They do not want to be landlords and they get some big tax benefits if they sell their old house within a year of purchasing the new one, namely transferring their old property tax to their new house. + + +They still have a sentimental attachment to the old house and offered to sell it to me and my boyfriend at below market rate in order to 1) keep it in the family, 2) give us an opportunity to buy house for less in an expensive market (California). They had planned to put it on the market for about $800k, but would be willing to sell to us for $600k or even $500 depending on what we could afford. The house (3 bed/2 bath) is located in a nice, quiet family that is also a 10min drive/15min bike ride from a bustling downtown/midtown area in a mid-to large-sized city. + + +My boyfriend and I live about 2 hours away in a large, HCOL area. He makes over $100k and has $100k in savings, I make $60k and have ~$40k in savings. However if we bought the house and moved, we may have to take lower paying jobs. My line of work may be particularly difficult to find a new job that pays enough because it is a lower-paying, over saturated field. His job is currently WFH, but that may change, plus he has been hating it recently. I have no debts, he has $30k(?) in student loans. We estimate that monthly costs on buying this house would be $2000-3000/mo, depending on how much down payment we put down. The idea would be to split 50-50. + + +Does this sound like a good idea? I think the monthly costs would be a stretch, particularly for me. But the idea of the money going towards a mortgage instead of rent makes it seem worth it to me. We could have to have a roomate(s) for awhile, though the idea is not super appealing. I know there are many other associate costs with owning a home, so I’m worried it could be too much of a financial strain. Plus there this whole other thing where my BF has been thinking of paying off his mom’s house (in a whole different city) and he is not sure he could do both. + + +It seems like a bit of a financial reach but it also seems like a rare opportunity to buy a house in an nice location for a good price. Any advice? + + +Edit: Hooo boy ok. I’ve got to head to bed. It seems like the overwhelming consensus is that this is not a great idea. Y’all have brought up many important points to consider. Perhaps we all got too excited and weren’t thoroughly considering some of the additional costs and financial risks. I’m glad to have some outside perspectives. There is still a lot to discuss and consider with my parents and my boyfriend, but for now I must sleep. Thank you all for your thoughtful responses. + +Edit 2: Just a quick edit because I can’t sleep now. It’s a little unclear to me why so many people are insisting we should get married first. A lot of responses hinge on the fact that if we split up, it would be a lot of tension and one of us would have to buy the other out (or sell the house and split it). But I’m not sure how getting married would solve that? Then if we had to get divorced, it would just be even more difficult to disentangle our finances, require more lawyers, and one of us would still have to buy the other out? No one goes into a marriage planning to get divorced, but it happens all the time, so I’m not sure why so many seem to think this would make it so much less likely that we would split up? Two people can be committed to each other without being married. +This has been said 100 different times in 1000 different ways. Here is another. What has happened with this GME saga is criminal. It has also revealed how corrupt and greedy the ultra rich are. + +You could have let this thing squeeze naturally in Jan to $XXX-$XXXX price/share and most of us would have never known the difference. + +But you had to get greedy. Force stopping the buy button for a lot of traders across multiple platforms. Then you had to contantly manipulate the price down in an unnatural ways and it caught our attention. Let's ADD A ZERO to our price. What was once our floor of ~ $1000k was then $10,000. + +It was discovered that the reason you short companies is so that you can profit off of them going out of business... Costing thousands their jobs, just so you don't have to pay a little extra. ADD a zero + +It was discovered that you manipulate the market by naked shorting and hiding shorts through ETFs and Deep Calls. ADD a zero. + +You buy the media to twist and turn stories away from the truth. ADD A ZERO. + +You threaten mods and other individuals because you can't play fair. You mess with one of us, you mess with all of us. ADD A ZERO + +You're shorting the U.S. bond market because you know how the system works. So even if you go down, you make sure everyone is going down with you. ADD A ZERO. + +The list goes on and on the longer this thing goes, the more the apes will discover how shitty some people really are. All for money. + +TL;DR - Our floor keeps rising because of criminal acts taking place and we want something done about it. What once started at possibly only $1,000/share has gone over $100,000,000. We add zeros every time something criminal happens. Perhaps we might think about selling our shares when these criminals get locked up. Otherwise we like the stock and we might just hold onto these forever. + +Not financial advice and such. Just exercising my first amendment rights. + +Obligatory 🚀🚀🚀🚀🚀 + +HODL! + +Edit 1: Yes please just consider changing all of the "Our" statements in the title and body of the paragraph. We are all free thinkers and do not act collectively as a group. + +Also it was pointed out that I stated $1000k in my third paragraph which is technically 1 mill and that just ain't right. So thank you. I was never good at english as I am just an ape who eats all colors of crayons, but particularly likes the red and green ones + +Edit 2: Wow over 1k likes! And a bunch of rewards! Thanks everyone you guys and gals are amazing! +Hello, this seems so simple, but I’m having a hard time wrapping my head around a concept as it relates to compounding interest and investing in the SP500. + + +With compounding interest, given an annual compound rate of ~9%, it seems that an investment of $10K 30 years ago would be worth $132,677. + +However, if I were to invest $10K using SPY for my historical return, over the last ~30 years, that investment would be worth around $77,000. + +I know one’s hypothetical and one’s based on history, but I can’t seem to pinpoint the disconnect. + +And to add some more info, the reason I’m wondering is because I’ve been looking at what an investment today into the SP500 would be worth in 45 years. Considering an annual return of 8-10% the growth seems insane over that time. However, when I look at the historical return of SP500 funds and what my return would be over that same timeframe it’s not even close. + +Thanks for any thoughts or clarification you can provide! +Knowing that we'll only ever pay a maximum of £86k for social care in our lifetime (unless they change this number in the future) has this made anyone change anything about their investing/saving strategy? + +The two biggest assets for a lot of people are their home and pension. However, it's not so easy to access if, say, you have an accident/illness and need the £86k far before retirement age (so can't access your pension) and don't want to have to sell your home to access this cash. + +You could keep £86k in a S&S ISA so it's more easily available, but what if you need to access it during a dip in the market when you really don't want to be selling your investments for a possible loss. + +You could instead keep it in cash savings/premium bonds (well, up to the premium bonds £50k limit) for instant access and avoiding potentially drastic investment losses, but would likely get eaten away overtime by inflation. + +What do you think is the best place for this £86k "social care emergency fund"? +I'm doing research into Survivorship bias and was looking for a listing of recently (last 3 years) failed quantitative hedge funds - region is not important. Anyone know where I could find such a listing? +I am testing a simple trend-following strategy. I have backtested the same strategy on the 1h and 4h timeframe. Obviously, if run on the 1h timeframe, it gives around \~4x the amount of trades as on the 1h time. + +Below are the stats for both strategies: + +|Timeframe|1h| +|:-|:-| +|Total Trades|132| +|Average Gain Per Trade|2.67%| +|Average Loss Per Trade|\-0.74%| +|Profitability|2.67 / 0.74 = 3.63| +|Risk Capital Per Trade|1%| +|End of Year Capital if starting with $100,000|$168,874| + +&#x200B; + +|Timeframe|4h| +|:-|:-| +|Total Trades|36| +|Average Gain Per Trade|2.83%| +|Average Loss Per Trade|\-0.68%| +|Profitability|2.83 / 0.68 = 4.17| +|Risk Capital Per Trade|1%| +|End of Year Capital if starting with $100,000|$149,838| + +&#x200B; + +|Timeframe|4h| +|:-|:-| +|Total Trades|36| +|Average Gain Per Trade|2.83%| +|Average Loss Per Trade|\-0.68%| +|Profitability|2.83 / 0.68 = 4.17| +|Risk Capital Per Trade|4%| +|End of Year Capital if starting with $100,000|$420,080| + +&#x200B; + +As we can see, if I risk the same amount of capital per trade for both strategies, the 1h strategy performs better than the 4h strategy. I end up with \~1.69 times starting capital vs \~1.5 times starting capital. However, if I risk 4x the capital per trade on the (4h) strategy, I do significantly better and end up with 4.2x starting capital. + +My questions are: + +1. When comparing the 1h against the 4h strategy, should I be comparing the returns of risking 1% capital vs 4% capital since I get 1/4th the trades in the same time period with the 4h strategy? +2. If yes to (1), it is clear that I should be running the 4h 4% risk strategy. However, the backtest is much less accurate since I am only getting 36 trades vs 132 trades in the year. So, that is the tradeoff. Bottom line, which strategy is better and which one should I be running? + +Thanks for the input. +Hey all, I’m new here. I’ve been paper trading my Bitcoin algo for about 2 weeks with mostly good results. Required a decent amount of tweaking from my original plan, but I’m starting to feel like it’s worth going live. I’m planning to go live with $5k, so my positions aren’t huge. + +One question I have that I can’t seem to get a satisfactory answer is how to account for slippage in testing. I’m trading on the 1m chart for Bitcoin. + +To account for it in my paper trading, once my algo gets a ‘buy’ signal, I don’t consider the trade executed until the next candle opens. Then I buy at that price, regardless of the open price. This is definitely killing the profitability of some of my trades, but the conservatism seems good at this stage. + +I plan to start with market orders for simplicity, I can’t imagine it would take more than a few seconds to execute a trade when I’m actually live trading. Am I being over/under conservative? How do you account for price slippage between when you get data that indicates a buy/sell and when you actually confirm the order when testing an algo? + +Edit: thank you all for your input and help, I’m learning a lot! Great community! +Hey everybody, I've started to post stuff about [how to build an algotrading platform for fun](http://jon.io/placing-your-first-forex-trade-with-python.html) (and maybe profit). + +This is targeted to engineers with so and so knowledge of Forex. Any feedback? + +Thanks +I trained my model on 100 stocks (intraday-60min-close) and then tested it against random sine-waves. + +This is the result: + +[https://imgur.com/a/KiFMMYK](https://imgur.com/a/KiFMMYK) + +I guess intuitively if a model can pick up a pattern in stocks, it should be able to pick up simple periodic waves, right? +I'm not going to dive deep into all the details but I watched and heard most of today's hearing and thought it went fairly well except for one or two old dinosaur clowns who wanted to be funny and just brought negativity. + +The short is this. + +* Gary Gensler took a beating. The witnesses and some members of the committee over emphasized the need for less interpretation but instead more guidance being needed to be provided by the SEC. +* To no ones surprise Replublicans argued that regulation would move this tech away from America. Democrats argued defending and protecting consumers. (please spare us all your personal feeling toward party) we just don't care. +* The lady who called the hearing is concerned how fast the industry is growing and is bothered by celebrities endorsing crypto. I agree with her on the 2nd part. We don't need these clowns on tik tok or you tube telling people to invest on etheruem max for their one shot to the moon. BTW whatever happened to that shit coin? +* The big topic was stable coins and we knew this. There was also talk of a CBDC but stablecoins were the hot potato talk. That seems to rub some of these old people wrong. +* Personally I thought many of the MoC were prepared and had done their research. Some even seemed excited to be discussing and learning about block chain, Stable coins, bitcoin, Ethereum, Stellar, FTX and more. They even talked NFT's. I wished they had gotten deeper into DEFI. I have a feeling that is coming. +* I thought the FTX dude killed it. He was smart, sharp, educated and didn't miss a beat. +* I hope next time they invite Vitalek! + +Anyway. The hearing left me optimistic. I think the future is bright and we will own it. Keep buying those effing dips and HODL to Jupiter. We are on our way! + +PS: Please don’t ape into mongoose coin. Trust me on this one. +But he did this over 20 years and started with a $30 cost basis. My guess is that it wasn’t until the last eight or 10 years of his career that he earned a six-figure salary, yet he will retire in 2 years with close to 4.5 million dollars invested. His advice to me was to invest everything into QQQ. His attitude is that it gives you action in the top marketcap stocks and investing in the top 100 is typically a very safe bet and will offer the best growth/risk balance. Thoughts? If I wanted to spread my money out between Tesla, Amazon, Microsoft, Ford, etc, aren’t I better off just investing in QQQ? +Wife lost her job two months ago, we have hit the reserve fund pretty hard and I pulled some money out of investments to keep things flowing. I wrote a check from my investment account and deposited into my regions checking account on 12/24. On 12/27 the money was removed from my investment account, but regions put a hold on the deposit until 1/7 "until the funds clear". The funds have cleared. I need that deposit to cover my mortgage, if I wait until the 7th I will be late...I have never made a late mortgage payment in my life...and this is causing me a bunch of stress. The funds have cleared...regions has my money hostage! Is there anything I can do to move this along more quickly? I posted my issue to twitter, and the bank responded...but they refused to do anything. + +Help? + +EDIT: First, thank you /r/personalfinance, your response has been awesome!!! + +Next, I wanted to add that I spent several hours on the phone yesterday trying to get the bank to release the hold before I posed here or twitter...my original post didn't really make it clear that I had tried the usual channels first...lol + +Finally, I went to my local branch at lunch...and the Branch manager had the day off. (Sigh). Oh well...thanks to you guys I know I'll get my money in a few days, and my mortgage company doesn't consider a payment late until the 15th, so I don't need to sweat that. + +I started moving my money to a local credit union today, but it will be a few days before I can close the old accounts completely. + +...and I'll DEFINITELY be taking advantage of ACH from here forward...lol. + +Thanks again everybody...you people are awesome! +I came up with a strategy that seems like a no brainer. Take for example the stock ABCL which finished the day trading at $14.93. Say you load up on 1000 shares resulting in a cost basis of $14,930. + +Now you decide to sell some covered calls; 10 contracts of $3 calls for a premium of $12.60 expiring January 2022. + +10*100*$12.60=$12,600 + +If you assume a trading price of $14.93, with the remaining $12,600 you can buy 800 more shares and sell $3 covered covered calls AGAIN! + +Then from those 8 contracts you will get $10,080 in premium. Again, buy 700 more shares and sell more $3 calls. + +And so on and so on, you buy more shares with the resulting premium and sell more $3 calls until you reach a limit when you can no longer purchase the 100 shares required for a contract. + +This is easy money right? It will GUARANTEE a gain by the expiration date, whether ABCL moons or crashes +Obviously MSFT should be one of the replacements, so who gets the other spot? NVDA seems like a solid candidate, giving us an aesthetically pleasing MANGA index. Who would you consider in the elite ring of big tech and why? +Hi all, + +I have a TFSA account that I’m using to exclusively hold Canadian REITs to build dividend income and includes the following companies with their anchor tenant or reason for ownership: + +1. TNT.UN - federal govt and high quality commercial property +2. NWH.UN - global high quality healthcare real estate +3. SRU.UN - Walmart +4. CHP.UN - Loblaws +5. SGR.UN - US grocery stores & pays USD dividend + +What am I missing? What do you like on the TSX? + +EDIT: Thank you all for providing me with your favourite REITs. I decided to put them in a [gsheet](https://docs.google.com/spreadsheets/u/1/d/e/2PACX-1vRrcu1gnU2jkh2HjU0xKu8BmUzlRssBeo_Xtnv4auXiRPJ5AFIc_CO8BvJdTC4hWVn6cDqIsW8s-qxV/pubhtml?gid=0&single=true) with some details (div, freq, yield, free cash flow, free cash flow payout) for anyone who would like to view it. May have to do more research on MRT.UN, APR.UN, and BTB.UN, it seems to me their free cash flow payout is safe enough for a REIT despite their higher yields. +Hey Everyone, + +Just wanted to know what you think of enbridge going forward. + +Dividend is awesome and price is not bad and seems to be rising. + +Would this be something good to get into going forward? +Nobody understands how important gold (all metals) will be in the next 1 year. It's used everywhere and is super underpriced at about 1400+, where it used to be 1800. The NVDAs and AMDs plus all other tech companies will consume huge amounts of it in the next few years. The price will skyrocket especially with the fear of a slowdown looming. I am heavily in gold right now plus miners and other metals like silver. +So a number of countries offer Golden Visas: buy a property, get residency with an option for citizenship within a few years. + +I was wondering if there was a way to get financing for these. Let's say I buy a $500k rental property in Spain. Do I have to put up $500k or can I get financing for 75%? + + +Thanks! +I have been getting more involved with my budget and finances for the past year or so, which led me to this subreddit. I like to give advice as much as I can, and I like to learn new things every day. Overall, I think that this place is great. + +There is a problem that I have been noticing more and more each day. I think that it's a pretty big one, but feel free to correct me if I'm out of line (I often am). I feel like this place is turning more into /r/frugal than /r/personalfinance. + +Not everyone is the same! Not everyone lives the same life that you do. They don't have the same goals; the same interests. Not everyone cares about saving 15%+ for their retirement at age 23. Not everyone wants that advice. They came here for a reason, and it wasn't to get lectured. This subreddit gives hundreds of opportunities to give advice catered to an individuals needs. You have the chance of really clearing out some of the confusion that they have in their lives. Instead, they are met with the same cookie-cutter answers that are of no help to anyone, especially the OP. I'll be the first to admit that I sometimes do the same thing, but I'm definitely trying to get it out of my system (both on here and in real life). + +My point is that not everyone cares about saving $57 over the course of 2 years by paying the highest interest loan off before the others. Not everyone cares that their car in hemorrhaging money. Not everyone is willing to cut cable, get a prepaid phone, and take the bus to work to free up $200/mo. That's 100% their choice! Sure, you can give them the option they come here asking for help on their budget, but it definitely doesn't need to be in the majority of the threads. + +The most recent example that led me to this post: + +* [Refinancing car? Also student loan questions](http://www.reddit.com/r/personalfinance/comments/180ueo/refinancing_car_also_student_loan_questions/) + +He has a couple pretty simple questions about refinancing and his student loan situation. A simple, "Yes, it is a good idea to refinance as long as there aren't a lot of hidden fees involved. Blah, blah, student loans, blah." Maybe throw in something about maybe trading the car for something else. + +What does he get? Bombarded with comments that offer nothing more than to criticize him buying a car. He gets almost no help with the questions that he actually had. Who are we to tell someone how to live their lives? His car may be the only thing that he enjoys to do. He spends $600 a month on it, big deal. A lot of people waste a helluva lot more than that and have absolutely nothing to show for it. At least he has a car... + +This was just the most recent one, there are plenty of others even just on the front page. + +**TL;DR: Tailor your answers to the OP's situation. Don't try to change their lifestyle's to fit yours, unless they ask for it of course.** + +Does anyone else feel similar, or am I just completely alone on this? +> Sam Bankman-Fried, the CEO of crypto exchange FTX, said in an interview with the Financial Times that acquiring Goldman Sachs or CME Group was "not out of the question" should FTX grow big enough. +> +> "If we are the biggest exchange, [buying Goldman or CME] is not out of the question at all," Bankman-Fried told the FT. + +https://markets.businessinsider.com/currencies/news/sam-bankman-fried-ftx-goldman-sachs-crypto-exchange-2021-07 +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 everyone, bob here. + +I thought i would just announce once again that I have a great resource build for the community to abuse: **My Data Repo!** + +&#x200B; + +[u\/bobsmith sharing the datas](https://preview.redd.it/ke5ts5pbpcu81.png?width=402&format=png&auto=webp&s=a66d40368ab51a41089f097cfb37fdf6d1a1825b) + +Here's a link to *almost* all my data: [https://drive.google.com/drive/folders/1poM5S5qaiyyLd40gWSgKdn3ONzWbgdfj?usp=sharing](https://drive.google.com/drive/folders/1poM5S5qaiyyLd40gWSgKdn3ONzWbgdfj?usp=sharing) + +go nuts... + +https://preview.redd.it/mmgu6yr4wcu81.png?width=500&format=png&auto=webp&s=102549ecbce3fb8bc17b247b8fb9c15d26c12787 + +I just finished up a project of mine. The project? + +# COLLECT ALL THE STONK DATAS FOR THE APES + +I set to work some time in January and began collecting and refinishing my data repo to make it more robust, easier to manage, and faster at delivering. The result? + +https://i.redd.it/2dqmzjq0xcu81.gif + +I have improved scripted processes that will allow me to update you guys with information as it is available (automated updates), and I will respond to any DM data request and make it available upon request via my drive in csv format (or json if you need something like that). + +**The types of data available?** + +* Daily options data, including greeks and volume traded +* Daily Open, High, Low, Close, and Volume datas +* FTD data from Finra releases +* Calculated metrics + +# This data is available for ANY FUCKIN TICKER out there, so give me your best shot! + +My hope (and is the reason started the data repo in the first place) is to simply save some apes the time of researching and finding this data themselves, so they can use their wrinkle power more efficiently to deliver us all that tasty fuckin DD we crave. + +https://preview.redd.it/unjz0hvbycu81.png?width=1257&format=png&auto=webp&s=ef8c0f01e720ff42fa43533d39ffe11b490b759a + +Also, I would be remiss if I didn't recognize the wrinkles that have contributed the to the data repo. There are so many of you, and I love you all. Keep up the fight! + +Edit: here's a quick sample of the kind of data you can get. + +https://preview.redd.it/pyajvxnm0du81.png?width=1299&format=png&auto=webp&s=582fdb4e99e65d2595097ce3d66209a88a6aafd7 +Exactly what the title says. I realize this may be a dumb question, and I’m pretty dumb so that checks out. But seriously, if they aren’t doing the job mandated to them by Congress, can I bring a lawsuit against them for their failures? Are they protected from such litigation? I feel like it would be pretty easy to prove how asleep at the wheel/complicit they are. Not that I would win (because crime and stuff)…but I am curious. +From rural Kentucky here. Gas jumped up $1.10 overnight last night and it has me wondering. Most people in this area (and state) are low income and most jobs don’t pay over $9-$10/hr. A lot of people, myself included, are scared of eventually not being able to afford getting to work. Back when gas was only $3.09 over half of my paycheck was going to just getting to work and back. This county and the surrounding ones are super spread out, majority of people living outside city limits and needing to drive to work everyday. What happens when we just can’t afford it anymore? Is anything even being done to lower the prices? +But I think it may have something to do with Plotkin and Melvin Capital, who’s grow suspiciously quiet in the past months. Anyone have any idea how Gabe and Melvin are doing currently? How about his divorce? Did that ever happen? I know there were rumors in the past that they were going to split. + +DRS! The truth will unravel the mysteries. + +Brainstorm time +Hi, + + +I'm 30, and have been with Colonial First State and more specifically, "FirstChoice Employer super" for several years. I have been salary sacrificing up to a total of 15% super for the last 18 months or so. + +A few days ago, I received a letter from Colonial First state opening with the paragraph: + +&#x200B; + +>Recently the Australian Government introduced the Your Future, Your Super changes to superannuation laws that apply to your account, including a new annual performance test that applies to superannuation products including FirstChoice Employer Super. +> +>**Your superannuation product has not passed this test**. As a result, we’re required to send to you the enclosed performance notification. This notification is available on the page following this covering letter. You shouldread this notification as it contains important information about your superannuation product. +> +>We would like to provide you with important additional information to help you understand the performance test. + + +The rest of the letter essentially spend 3 pages telling me how good their super plans are, and how they are improving them etc. + +I am not the most financially literate person, but it feels like a patch-up job. + +Is this a simple situation of them knowing they've screwed up, been exposed by a government super initiative and trying to make it sound better than it really is? Unsure if I wait and see what happens over next months or just cut ties and go down the 'low fee super' routes, and switch to something like Aus Super or Host Plus etc. + + +https://preview.redd.it/iff66l3n17p71.png?width=1359&format=png&auto=webp&s=348176191e701db8399969a253e614a6249774b8 +*Just got this email from Paypal since I had in-hand actual Bitcoin miners for sale on eBay:* + + +Hello [name removed], + +We have reviewed your PayPal account and found that you are selling bitcoin mining machines. Per our current Acceptable Use Policy for Money Service Businesses, PayPal may not be used to operate a currency exchange, bureau de change or check cashing business including the sale of bitcoins, bitcoin mining units, and other related bitcoin products. + +To continue using your PayPal account, we need some additional information from you. Keep in mind that we have placed a limitation on your PayPal account, and this limitation will remain until we receive and review this information. Please provide us with the following: + + • A brief affidavit stating that you understand and will comply with PayPal's terms and conditions. + • The type of payments you will send and receive, including the type of goods or services you will accept payments for in the future. + +Below you will find suggested affidavit language. Please make sure that the requested affidavit is signed and notarized. + +I the undersigned do affirm that I understand and will comply with PayPal's policy regarding the use of PayPal Accounts to sell e-currency, such as bitcoins, bitcoin mining units, and other related bitcoin products. I understand that PayPal may not be used to sell e-currency, such as bitcoins, bitcoin mining units, and other related bitcoin products. I further affirm that any further detected violation of the policy may result in the immediate closure of, or restriction to access to the account. + +Please log in to your account and go to the Resolution Center to find out what you need to do. Your account will remain limited until the issue is resolved. + +**Additionally, in the future, if we find that your account is selling bitcoin products, we will need to sever our business relationship with you.** + +We look forward to hearing from you and thank you for choosing PayPal as your business partner. + +Sincerely, +Mike +PayPal Compliance Department +PayPal, an eBay Company + +Please do not reply to this email address as it is not monitored and we will not receive your response. You can get in touch with us by clicking "Contact Us" at the bottom of any PayPal page. + +Copyright © 1999-2013 PayPal. All rights reserved. + +**edit:** +*vernes1978 says..* +> Please add a link in your OP to this comment. +> http://www.reddit.com/r/Bitcoin/comments/1iyzkg/if_you_get_caught_selling_bitcoin_hardware_on/cb9sovr +https://www.cnn.com/2019/08/09/economy/mortgages-home-buyers/index.html + +The S&P/Case-Shiller US National Home Price Index has climbed steadily over the past seven years. Since 2012, home prices have increased at about three times the pace of wages, Yun said. + +"Homes are going to move out of the range of many buyers in terms of affordability, and maybe that is what we are already seeing," said Chris Rupkey, chief financial economist at MUFG. + +The supply of new homes hasn't gone up enough for people in all income groups to take advantage of the lower mortgage rates. +It’s Vlad Tenev. + +The media has already started setting the stage to crucify him for the whole GameStop brokerage scandal in January. They’ve found their sacrificial lamb and they will push this as hard as possible to ensure the focus is on him. + +Please remember that the “no cell, no sell” doesn’t just apply to Vlad. It applies to: + + +-Gabriel Plotkin, Melvin Capital + +-Anthony Chukumba, Loop Capital + +-Ken Griffin, Citadel + +-Steve Cohen, Point72 + +-Vincent Viola and Douglas Cifu, Virtu Financial + +-Jeff Yass, Susquehanna + +-Micheal Bodson, DTCC + +-Jim Cramer and Andrew Sorkin, CNBC + +-Rostin Benham, CFTC + +-Gary Gensler, SEC + + +For orchestrating the worlds largest ponzi scheme ever witnessed, for cellar-boxing and naked short selling, and for shoving their narrative through the media right down the masses throats. + +For those wondering why I have Gary Gensler on this list.. If apes are capable of discovering all this fraud and crime, the SEC is full well aware of it as well. They are complicit in the matter, there is no denying this now. + +Stay focused everyone. The only thing that matters is GameStop AND ensuring this never happens again to any company. + +Vlad is a scapegoat. + +-Editted for donkey mobile formatting +Previously I did a [DD on retail interest on GME](https://www.reddit.com/r/Superstonk/comments/oabdv7/gmes_retail_interest_examining_the_retail/) that focused on the numbers and some of the information here is a repost from that write up, but with a couple of new important points. Since the retail interest continues to update, I also wanted to break off the educational part of that previous post about the Retail Liquidity Program that I could just link back too in the future. Hopefully I will also educate folks about this program that the NYSE runs since it gives us apes special information about how many shares retail is putting in orders for each week. This will also allow me/some other ape to move to more weekly updates on the actual data from the retail liquidity program. + +Much of this is a more focused and shorter write up on Citadel being the most likely RLP. Though I record in detail how the RLP works and that part of this post could have been a separate Education/Data post, I felt that I should mark it as DD since there important inferences made based on how the program works and [another DD](https://www.reddit.com/r/Superstonk/comments/od4bb1/the_sun_never_sets_on_citadel_part_2/) done by /u/swede_child_of_mine + +This post includes many abbreviations, but was included to shorten things a bit. This DD was already getting long. + +* CADV – Consolidated Average Daily Volume +* CTA – Consolidated Tape Association +* DMM – Designated Market Maker +* GME – GAMESTONK +* IoC – Immediate or Cancel (order type) +* MPL – Mid-Point Passive Liquidity ([MPL Image](https://imgur.com/DIiE0is)) +* NYSE – New York Stock Exchange +* OBV – On Balance Volume +* RLP – Retail Liquidity Providers/Program +* RMO – Retail Member Organizations +* RPI – Retail Price Improvement ([RPI Image](https://imgur.com/CsAjdBF)) +* SHF – Shitty/Short Hedge Funds +* SLMM – Supplemental Liquidity Market Maker +* SLP – Supplemental Liquidity Provider +* SLP-PROP – Supplemental Liquidity Provider Proprietary + +**TLDR** + +The NYSE runs a program called the retail liquidity program which handles orders marked by brokers as originating from retail. Citadel is almost guaranteed to be the RLP for GME. These orders are filled within the program as much as possible but are generally adjusted to an IoC order depending on how the broker marks the order. These orders seem to end up filled anyways even outside of the program and I now suspect this is done within Citadel Connect. + +**Additionally, if you want a quick and dirty approximation of how many shares retail put in orders for (as an absolute minimum number), it's around 1.75% of the CADV (including both buys/sells) on a daily basis within the RLP. You can likely use this to very roughly approximate future retail share orders submitted within the retail liquidity program, but remember this is an absolute bare minimum number.** + +Retail continues to amass more and more shares as time goes on. + +**TLDR DONE** + +**Previous Attempts at This** + +There have been a few attempts on Superstonk at examining retail interest in GME. I believe u/HomeDepotHank69 was examining orders submitted with the first 30 minutes of the day to look at retail interest, but the results seemed to be inconclusive. ([https://www.reddit.com/r/Superstonk/comments/nu9qq9/hanks_big_bang_quant_apes_glitch_the_simulation/](https://www.reddit.com/r/Superstonk/comments/nu9qq9/hanks_big_bang_quant_apes_glitch_the_simulation/)) + +I also remember reading a post by u/jsmar18 ([https://www.reddit.com/r/Superstonk/comments/nar8dc/odd_lots_show_that_gme_interest_is_not_subsiding/](https://www.reddit.com/r/Superstonk/comments/nar8dc/odd_lots_show_that_gme_interest_is_not_subsiding/)) that was examining GME trades using odd lots as a marker for retail interest. He correctly acknowledges that both retail and HFT firms use odd lots frequently, however the data that I’ve looked at here indicates that a specific program run by the NYSE for retail orders only (called the retail liquidity program) seems to be filling retail orders in larger batches, while at the same time barely executing any orders within the program at all. While it could be a statistical anomaly of large retail whales skewing up the average, but I don’t really think this is the case after looking at execution. + +**Data Source** + +All data was obtained from [https://www.nyse.com/publicdocs/nyse/NYSE_Group_RLP.xlsx](https://www.nyse.com/publicdocs/nyse/NYSE_Group_RLP.xlsx) (this will download the data) found on [https://www.nyse.com/markets/liquidity-programs](https://www.nyse.com/markets/liquidity-programs) over the past several weeks. I was able to collect 7 out of the last 10 weeks of data, including the last 4 straight weeks. Unfortunately, there doesn’t seem to be a place to collect these documents (historical ones). I started to log them at [https://web.archive.org/web/*/https://www.nyse.com/publicdocs/nyse/NYSE_Group_RLP.xlsx](https://web.archive.org/web/*/https://www.nyse.com/publicdocs/nyse/NYSE_Group_RLP.xlsx) since the NYSE doesn’t seem to make this available or post it anywhere after the week they are posted is complete. I would encourage others to try to help log this going forwards as I missed a couple of weeks due to life. I will continue to try to preserve this data but any help is appreciated. + +**Background** + +The NYSE runs a program called the retail liquidity program. Brokers who are eligible as RMO’s (Retail Member Organizations) can mark orders as coming from retail, which are then serviced by the NYSE Retail Liquidity Providers (RLP’s). This is carried out with tons of securities and recorded against the tape and the program itself is not only for GME. GME is on Tape A if you’d like to look at the data yourself. + +The most important point is that the Retail Liquidity Program will help establish the **ABSOLUTE MINIMUM** number of share orders submitted by retail, since it is not guaranteed that the broker you are using is an RMO and it is not guaranteed that your order is filled within the program. + +**So how much of the CADV is retail?** + +It looks like only around 1.75% of the CADV is the retail orders inside of the RLP. (remember this is the bare minimum since not every broker is an RMO). + +[CADV vs. Retail Orders](https://imgur.com/LY404kv) + +**Who can be a Retail Liquidity Provider?** + +To become a Retail Liquidity Provider at the NYSE, you need to be either a Designated Market Maker (DMM) or SLP (Supplemental Liquidity Provider). However, the NYSE doesn’t actual reveal who their RLP’s are – I scoured the website, if you can find it I will add it to the post but I couldn’t. So, let’s infer who it could be based on the evidence we can gather. + +**NYSE DMM’s** + +* Citadel Securities LLC +* GTS Securities, LLC +* Virtu Americas LLC + +**NYSE SLP’s (SLP-PROR or SLMM)** + +* HRT Financial LLC +* IMC Chicago LLC +* Latour Trading, LLC +* Tradebot Systems, Inc. +* Virtu Americas LLC +* Citadel Securities LLC (SLMM) +* Goldman, Sachs and Company (SLMM) +* Virtu Americas LLC (SLMM) + +Citadel and Virtu account for nearly 22.8% of market share by volume as individual firms, and then they also carry out special roles at the NYSE which accounts for another 19.9% of the market share. ([https://qz.com/1969196/citadel-securities-gets-almost-as-much-trading-volume-as-nasdaq/](https://qz.com/1969196/citadel-securities-gets-almost-as-much-trading-volume-as-nasdaq/) ) + +Based on previous claims that Citadel Securities completes nearly half of U.S retail volume and 26% of all U.S equities volume ([https://www.citadelsecurities.com/products/equities-and-options/](https://www.citadelsecurities.com/products/equities-and-options/)). + +Virtu also claims to handle approximately 25% of all retail order flow in the US. ([https://www.virtu.com/market-making/client-market-making/](https://www.virtu.com/market-making/client-market-making/)) Virtu is also the preferred execution service for IBKR Retail Equity Volume ([https://s21.q4cdn.com/422114427/files/doc_financials/2021/q1/Virtu-Financial-Earnings-Presentation-2021-Q1.pdf](https://s21.q4cdn.com/422114427/files/doc_financials/2021/q1/Virtu-Financial-Earnings-Presentation-2021-Q1.pdf), see pg. 10). Just for clarity, Virtu Americas LLC’s parent organization is Virtu Financial LLC. + +Based on these pieces of evidence, it is highly likely that the two larger RLP’s for the NYSE are Virtu Americas LLC and Citadel Securities LLC. Not surprising, but it’s good to back things up with evidence. RLP’s are also tied to specific securities, so it is likely one or the other in this case. However, I believe that Citadel is the RLP for GME since they are also the DMM for GME ([https://www.reddit.com/r/Superstonk/comments/n68ooc/did_you_know_citadel_is_the_nyse_dmm_for_gme/](https://www.reddit.com/r/Superstonk/comments/n68ooc/did_you_know_citadel_is_the_nyse_dmm_for_gme/)). + +It would be an easy addition for them and does not make sense for Virtu to poach this one from them given that Citadel dwarfs them and that Citadel would want control over the ticker that they shorted into the ground. +I didn’t realize right away that I couldn’t access old data once it was gone (I thought I could get it from [https://ftp.nyse.com/](https://ftp.nyse.com/) but no dice), so I have some missing data points with no apparent way to reconcile these. + +As I said earlier in the post, I have been archiving the files as they are posted now each week so hopefully will be able to continue examining this going forwards. + +**So how does this program actually work?** + +Suppose your broker is an RMO. They mark your order as originating from retail, with the order falling into one of 3 categories. An important feature is that the special tags by the RMO mark your order as NOT coming from an algorithm or HFT Firm. The orders listed in this data are from retail investors only and get classified one of three ways. (see pg. 369 of [https://www.nyse.com/publicdocs/nyse/regulation/nyse/NYSE_Rules.pdf](https://www.nyse.com/publicdocs/nyse/regulation/nyse/NYSE_Rules.pdf) for complete descriptions, I include an image) + +[Retail Order Designation Image](https://imgur.com/PZibOUC) + +**Type 1** – the retail order will only interact with available contra-side (i.e. buy matched to a sell and vice versa) RPI orders and MPL (Midpoint Passive Liquidity) orders. If the order is not completely filled, the portion that does not execute is immediately and automatically cancelled. + +**Type 2** – the retail order will first interact with available contra-side (i.e. buy matched to a sell and vice versa) RPI orders and MPL orders. If the order is not completely filled, the remaining portion is the executed as a Reg NMS Immediate or Cancel (IoC) Order. This would fill as much as possible in the NYSE Exchange book, then the remainder gets cancelled. + +**Type 3** - the retail order will first interact with available contra-side (i.e. buy matched to a sell and vice versa) RPI orders and MPL orders. If the order is not completely filled, the remaining portion is the executed as a NYSE Immediate or Cancel Order. This would fill as much as possible in the NYSE Exchange book and then through other markets if the execution is protected. Then the remainder of the order gets cancelled unless it is completed filled in other markets. + +Note the part about orders being "immediately and automatically" cancelled. This based means that all of these order types effectively work as types of IoC orders. + +**How many orders get filled in the RLP for GME?** + +[Fill Rate Image](https://imgur.com/LFbGlDO) + +From looking at the data, it appears like the fill rate for GME orders within the RLP program is averaging about 12.8% from April 26th to July 2nd. + +**Why does this happen?** + +[IOC Image](https://imgur.com/A802uCL) + +I listed the order classifications here, because as you saw in the table a significant number of orders placed for GME are resulting in cancellations within the retail liquidity program due to how the orders are marked by the RMO and cancellations would happen when THERE ISN’T ENOUGH LIQUIDITY in the RPI and MPL order types. So even though over 85% of the retail orders were "cancelled" within the retail liquidity program, I would hazard an educated guess that your orders got filled anyways. Since the RMO is potentially submitting orders as batches, smaller orders are just straight up getting filled with no cancellations (the average size of an executed order is around 30 shares which seems reasonable but the submitted orders are like 200+ shares), while larger orders are taking more time to actually fill OR are being ported out of the program into a *non-disclosing portion of the market* that's hidden... + +**I am 140% SHF positive that it would have been posted about on Superstonk if apes trying to purchase GME were consistently getting orders cancelled in line with the percentages indicated in this data.** + +It was unclear to me exactly how these “cancelled orders” from the retail liquidity program end up getting filled anyways, since it appears as though (after exhausting the RPI and MPL orders) they would convert into order types that always end up with a portion that could get cancelled if the liquidity is not there. However, after reading "[The Sun Never Sets on Citadel, Part 2](https://www.reddit.com/r/Superstonk/comments/od4bb1/the_sun_never_sets_on_citadel_part_2/)" and chatting with /u/swede_child_of_mine I suspect that the orders that are “not executing” in the RLP are being internally filled within Citadel Connect because they are primarily IoC orders and do not require disclosure. (Read their post for details on that) Given that the average fill rate within the program is <15%, that means that Citadel would be processing >85% of orders within Citadel Connect for GME. + +I look forward to someone with better data access or who is wrinklier than I am verifying this part (if that is even possible), but given the evidence within the RLP, it definitely looks like Citadel is hiding the vast majority of the retail trades for GME within Citadel Connect. + +HEY NYSE, SEC AND FINRA... + +HOW THE FUCK WAS THIS ALLOWED TO HAPPEN? + +HOW IS IT BEING ALLOWED TO CONTINUE? + +[I mean...](https://imgur.com/xdv3qf4) + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Serious question! One of the enjoyable features of physical cash, is that you can gently place it in the stripper's thong, to tip her. The stripper enjoys it (or at least acts like she does), and you get to feel benevolent and loving. It's just, a great feature. But, it's a whole lot less sexy, to ask her for a wallet address while she's pole dancing, you know? + +How will that industry be affected by the adoption of Bitcoin? How will we tip strippers??? +I don’t have a “career” mentality. I work as a manager in a small firm and I do the bare minimum amount of work, I show up late, I have no desire to “advance”, I don’t do any of the things the other colleagues do to kiss ass. + +I have developed a new mental trick where I don’t take my coat off at work all day, it helps me mentally frame my job as something I have to do real quick before my real day starts, it just feels like I’m running an errand or something. I don’t view it as the focal point of my day, it’s just an annoyance I have to put up with for now. + +I don’t understand the “career” mentality. I see people getting their masters in an attempt to work their way up, I see them trying to pad their resumes to fit the next level on the wager totem pole, I just can’t fathom why this is so important to them. They spend their hard earned money on expensive nice clothes and haircuts and other flashy things to signal their wagie status. Don’t they want out? What’s the point of all of this nonsense? + +Crypto is literally taking me out of this wage slaving hell and I just wish all of you guys get out of this hell one day too! + +**Rant over** +It's time. Has any figure in our lifetime done more to advance the field of economics than Satoshi? Most past winners dedicate their lives to explaining facets of economic theory. Valuable for sure, but Satoshi built an entirely new system with a remarkably succinct whitepaper that has been proven over a decade to be stable, effective, and has revolutionized the way hundreds of millions interact with money/value. He should be rewarded, even if we never know who they are. +I am a 54 year old female. I retired from my career in education at 51 years old after 30 years. I pulled out my retirement money and put it in a LIRA and have done very well in the market over the past 4 years. I turn 55 next week. The LIRA unlocks. My financial advisor gives me a creepy feeling like he doesn't want me to pull the 50% out and is only worried about his bank and himself. Please give me advice on what to do. +Hello everyone! + +I am new to investing in Canada, so I’d like to clarify a few things about tax reporting. +Let’s say I buy US listed ETF with Questrade on a taxable account. I buy them continuously for several years and then decide to sell some portion of it for a profit. Then when the tax season comes I have to report capital gain to CRA. + +My main question is how the reporting of capital gain will look like? Should I do some extra book keeping throughout all the years that I invest to make things easier in the future? + +I assume broker should provide some reports, and since I have never received one yet, I have no idea what will it look like. Will this report include the exact number of the capital gain in CAD (unlikely) or only USD? Or I only get a list of transactions and will have to calculate everything myself? + +I know that there are registered accounts but since I am new I basically don’t have any contribution room. + +UPD: Thanks everyone for the comments, very informative! I didn't know there is so much stuff associated with trading foreign stocks/ETFs on a taxable account. I'll probably mostly stick to Canadian listed ETFs where possible. At least for now. +Intense demand for Canadian apartment buildings has come roaring back, despite the pandemic, reigniting bidding wars between institutional investors for rental towers across the country. + +With private buyers lining up in spades again, older properties have become prized assets – especially those with recent vacancies. These buildings tend to charge rents far below market rates, which gives prospective investors a better chance to quickly increase vacant unit rents once the economy recovers. + +New rental developments, meanwhile, have lost some of their lustre. Rents in these properties were often priced at the high end of the market pre-COVID, in line with condo units, and the pandemic has hit this sector the hardest because international students have not flooded major cities as usual and many Airbnb units are being converted to long-term rentals, which boosts supply. + +The renewed hunger for rental properties, seen in a surge of bidding wars this fall that would routinely draw 10 or more interested buyers, technically extends a trend that erupted one year ago when Starlight Investments bought a portfolio of 44 dated suburban rental buildings for $1.7-billion. It was among the steepest valuations in Canadian commercial real-estate history, relative to the properties’ rental income. + +But as the pandemic engulfed the globe this spring, fuelling a national lockdown, Canadian apartment-building sales ground to a halt. In an instant, investors grew terrified by the prospects of plunging rent collections and mass unemployment, largely freezing the transaction market for multi-family properties, as rental buildings are referred to in commercial real estate. + +Such fears are now quickly disappearing, at least among institutional buyers such as real estate, private equity and pension funds. Rent collections remained remarkably stable throughout the pandemic, never falling below 97 per cent at Canada’s largest publicly traded multi-family REITs, and now that vaccines seem to be around the corner, sophisticated money managers are scrambling to buy Canadian rental buildings all over again. + +“The irony is,” said Brian Kriter, an executive managing director at Cushman & Wakefield, the market for Canadian rental buildings is “the most competitive it’s ever been.” + +Minto Apartment REIT recently bid aggressively on a large rental property known as Le Cartier in downtown Montreal next to McGill University, according to senior vice-president Dan Dixon, but didn’t even make it to the second round of bidding despite knowing the market well after some acquisitions there last year. + +Such heavy demand has pushed property prices into the stratosphere. “Investors are buying apartment buildings at valuations never seen before,” said Mark Kenney, chief executive officer of Canadian Apartment Properties REIT, the country’s largest publicly-traded rental building owner. While many property deals are private transactions, Mr. Kenney cited some recent sales in mid-town Toronto that were completed at capitalization rates around 2 per cent, an astonishingly low level. + +Cap rates, as they are commonly known, are the rate of return owners expect to earn on a property, measured by comparing anticipated rental income to a building’s value. The more expensive a property, the lower the cap rate. Five years ago, the average national cap rate was 5 per cent, according to CBRE Research. + +Many of the market fundamentals fuelling investor demand were in place pre-pandemic. Chief among them, Canada had seen hardly any new rental development for decades, which meant roughly 80 per cent of the country’s entire supply of apartment buildings was constructed at least 35 years ago, according to Starlight Investments. + +For a while, the condo boom added enough new rental units to satiate rental demand, because many owners would lease their units, but over time the demand overwhelmed supply, especially for more affordable rental units in major cities. The mismatch was only exacerbated by higher immigration targets set by the current federal government. + +In 2019, Toronto’s population grew by 127,575 people, but new completions of all housing types rose by 27,410 units. In Ottawa, the population grew by 24,796 people but only 5,936 dwellings were added. + +Because there hasn’t been enough supply of new units, the national vacancy rate fell to close to 2 per cent last year, according to Canada Mortgage and Housing Corp., and average national rents grew between 4 per cent and 5 per cent per annum in 2018 and 2019. These increases were even more dramatic for select properties, and just before the pandemic hit some large, multi-family building owners reported rents jumping 25 to 30 per cent when a tenant turned over. + +“Any time you can combine defensive attributes [such as low vacancy] with growth, that’s the holy grail for investors,” CBRE vice-chair Paul Morassutti said in an interview. + +What’s changed one year later is that investors can fund any purchases at even lower rates than before. In commercial real estate, mortgages are often priced off of 10-year Government of Canada debt. The yield on these bonds has fallen by almost half to 0.8 per cent over the past year. + +However, a sharp reduction in the number of newcomers to Canada, fuelled by the pandemic, has been a headwind this year. In major cities such as Toronto, dwindling numbers of international students have hit condo unit prices, and rents have been falling, especially for newly constructed apartment buildings. + +Remedying this, the federal government has already pledged to significantly boost immigration levels, with the goal of bringing in 1.2-million newcomers over the next three years – a move that satisfies many institutional real-estate buyers who have ample capital to think in years, not months. “Investors in apartment properties are looking through 2020 and 2021,” Minto’s Mr. Dixon said. + +The demand isn’t spread evenly coast to coast. Most notably, cities with heavy exposure to the energy sector, such as Calgary, have seen occupancy rates fall more than others. Still, the average drop in these markets of 3 to 5 per cent this year, according to a CBRE survey of landlords, is only slightly more than the national average drop of 1 to 2 per cent because wage support from the federal government, both through the Canada Emergency Response Benefit program and the employer wage supplement, has cushioned the blow. Calgary-based Boardwalk REIT still collected 98 per cent of its rents this spring, and this figure has ticked higher since. + +The bigger disconnect is the discrepancy between prices of buildings sold in private markets and the valuations of publicly-traded apartment REITs that own these same types of properties. “In the transaction market, valuations are going through the roof,” CAP REIT’s Mr. Kenney said. “In the public markets, apartment REITs are trading way below net asset values.” + +CAP REIT’s market value remains 18 per cent below its record high set in early March, even though it has collected 99 per cent of its rents this year. The company is also trading below its net asset value, which means that, theoretically, it could sell every property one by one and earn more than its market value. Minto is in the same boat. + +There are many theories as to why this difference exists. For one, REITs tend to be owned by retail investors, and they may be skittish about commercial real estate in general, given all the fear in the retail and office sectors. On Thursday, retail real-estate giant RioCan REIT slashed its monthly payout by one-third. + +But Minto’s Mr. Dixon is frank when asked to explain it. “I wish I knew,” he said, “because then we could do something to address it.” + +https://www.theglobeandmail.com/business/article-sophisticated-investors-are-desperate-to-buy-canadas-apartment/ +Hello all, + +&#x200B; + +I am curious in real estate as an investment vehicle and as such, I am in the very beginning stages of reading, researching and investigating. I don't currently have any investment properties and I've never bought a property or house before. + +&#x200B; + +Currently, I am reading several books by Brandon Turner, listening to Bigger Pockets, reading r/realestateinvesting and lining up a few people I know involved with real estate investing so that I might be able to buy them coffee and pick their brains over "why did you get involved in real estate investing? How has that journey been?". As an investor in stocks, mutual funds, ect., I understand the underlying concepts of diversification and risk when it comes to investment vehicles. As much as I could put $50k on black tomorrow at a Casino and double my money, I, like many others, don't do that because I'm not comfortable with the risk vs. reward. + +&#x200B; + +With all of this said, I'm really getting the vibe through these Brandon Turner and Bigger Pocket books / information that this is a bit of "too good to be true" and that I'm getting a bit swindled. I can already tell that my emotions are turning up and that I'm getting excited to start this amazing journey and make a 5 year plan to quit a career path I started only 3 years ago (nursing). I notice that I keep mentally reminding/checking myself to "hold your horses" and that "if it seems too good to be true....it probably is". + +&#x200B; + +Am I the only one out there that feels this way? I've made a mental note of a few questions I have off the bat, maybe others can further chime in with their own thoughts or concerns + +* If you keep accumulating houses (SFR's) that are paying for themselves, what happens during a recession or economic downturn if no one wants to rent? As much as it would be difficult to cover one Mortgage payment, having a portfolio of 7+ houses and only 3 of them renting out seems extremely risky to me. This topic of vacancy doesn't seem to be really addressed in any of the books +* From what I've understood, getting loans for more and more properties from a bank isn't as easy as Bigger Pockets seems to illustrate. My fiance's father has been involved in real estate for 15+ years and quickly pointed out that banks will quickly change their stance or deny you if they find out that loans are entering the territory of "investment housing". Maybe I'm reading these books wrong, but it seems like an extremely high frequency to go to the bank for refinancing and getting new loans through the BRRRR method. +* How much of this is just the idea that people don't publish books or podcasts on failing or ruining their lives? I understand that Brandon Turner and almost all of his guests are successful at this, but I never seem to hear much about people that failed. Brandon Turner mentions in his books about property investors going belly up during 2008 but never seems to connect that he could be one of those people one day. + +&#x200B; + +Thanks in advance for the time to read this long winded mental vomit. I just need an objective check in from anyone out there that is willing to chime in with their thoughts. +so i was watching this [youtube](https://www.youtube.com/watch?v=_qAbvN6FCwY) + +He talked about holding properties through an LLC, and getting the associated benefits. + +personally, i only have one property (triplex), but am now intrigued by the possibilities that come with this. + +so who on here does this? worth it? + + +I live in California so the numbers just don’t make sense. Personally I want to buy somewhere that can cash flow because I don’t believe appreciation can continue at the rate it has in the past. + +Now this leaves me to pick a random city in the Midwest and narrow in on a market. Let’s just say I pick Cleveland. The numbers look great — I can cash flow well assuming the place has 10% vacancy. + +Now here’s my concern — it just seems weird to me that people will rent these sh*tty places in the “middle of nowhere”. I think it comes from me always living in big cities, but it just seems that it’s possible my place will sit on the market forever. I can’t imagine the type of renters that will rent these places. Who wants to live in Cleveland? + +I’m worried that my property can just sit there without being renter for 6+ months. Is this a legitimate concern? I think I’m scared cause I don’t understand how smaller city life is lived. + +As you can tell, I have not bought my first property yet. +Could someone please explain the benefits of refinancing an investment property? + +Example: purchase an investment property, make capital improvements/ renovations to add value and then go to the bank to refinance the property for a higher mortgage amount. This is the only example of refinancing a property I have seen, but there may be other refinancing methods I am not aware of. + +\-Why is this beneficial? + +With the refinanced larger mortgage: + +\-Don't you now have higher mortgage payments? + +\-Aren't you now further away from paying off the mortgage? + +I initially (and incorrectly) thought you refinanced a property for a lower mortgage after you put enough equity into the property. + +Thank you! +I live in a small town in the South - population about 10k. + +I see the question of rents asked on here a lot but I'm always frustrated by the answers because most of them don't apply to me. + +Rentometer doesn't work where I am and Zillow is similarly worthless. When I look on craigslist or similar sites I can get some info for the larger cities 20 and 30 minutes away but usually nothing for where I am. Researching rental prices has actually gotten MORE difficult in the last few years as the rental market has heated up and there's almost nothing being advertised. + +The rental market here definitely exists. + +I've met a few local people who own multiple properties and talked to a few a real estate agents but answers are vague and properties are wildly dissimilar -- ranging from apartments to mobile homes. There doesn't seem to be a lot of digital info out there because it's one of those "everybody knows each other" type of towns and a lot of landlords seem to take cash, do verbal agreements, etc. I know, I know... but that's what rural areas are like. + +So, while I have some vague idea of what I could charge, that range is still pretty wide. How can I start to calculate a more accurate rental price? + +Do I need to survey everyone I meet? Do I need to pester every real estate agent I can find? I've seen a few rules of thumb based on home value, etc. but I don't know how up to date those ideas are. + +What do the rest of you do when comps are hard to come by? +A friend and I are considering purchasing land in Mexico. Why shouldn't we do it? What risks should we consider? + + +We are a Spaniard and a bilingual American, so language is not a problem. +Note: I made this post a few days ago, before accidentally deleting it 20 minutes later because BaconReader's UI is annoying. Just wanted to repost it, so there would be a record of part 1 before I post parts 2, 3, and 4 in the future. + +**TL;DR: From Spendypants to Survival FI in 2.5 years, on track for fat FIRE in another 4.** + +## The Background + +As I try to prevent myself from discussing FI topics with my friends, I'd like to share a series of four posts with the community over time. I plan to make these posts every time I hit a big milestone. It's a bit of show and tell, but also a log of what I was thinking at each snapshot in time. + +Just for the record, I am aware that I come from a position of extreme privilege. I am a relatively-young, extremely quantitative, high-income Asian male working in the finance industry. I probably underweight the role that luck has influenced my journey. That being said, my path since college has been one of single-minded, relentless optimization to maximize my income. Since discovering FIRE, the objective function has evolved to maximize savings instead of just income. Nearly every decision made along my journey has been one that has been evaluated against my objective function, for better or for worse. That said, this is my journey so far. + +When I first started on the FIRE path, I set our four critical levels, based on levels of estimated expenditure: + +- Survival FI + - I would have a roof over my head, food, internet and a cellphone, but little else +- Lean FI + - I would have the basic necessities of life, a replacement used car every 5 years or so, a modest vacation a year. +- FIRE + - The first level I would be comfortable leaving the workforce. This includes $10k for vacations every year, a larger car budget, etc. +- Fat FIRE + - My ideal number before working the workforce. I doubled my car, food, housing and vacation budget. + +From my estimates of expenditure, I found the level of productive assets necessary to sustain the required income (using the 4% rule), then added the value of non-productive assets I have (equity value of my intended primary residence that my sister currently lives at) to form the net worth required. For added margin of safety, I added on the value of my locked in retirement fund assets to form safe net worth (They would form a buffer in case the safe withdrawal rate is lower than anticipated). These calculations resulted in four levels that can be seen from chart below. + +https://imgur.com/zaH4Tca + +I've been lucky enough to dig through all my tax returns since I turned 18, which gave me reasonable estimates of my income and expenses all through college until now. From that and various bank statements, I was able to get an idea of my net worth over time. You can see big inflection points in the growth of my net worth when I leave college and enter the workforce, then more recently when I decided to take FI more seriously. + +https://imgur.com/EShkEGV + +## It's FI Way or the Highway + +On New Years Day 2017, I started keeping much better track of my income and expenses, and created the first version of my budgeting worksheet. This led me to realize that despite my many pay raises, I was barely saving anything. I went ham on cost cutting and desperately looked to increase income. This was a very stressful year for multiple reasons: + +- To cut costs to the bone, I moved into a tiny dorm room +- I tried investing in a lot of alternative investments to try to boost my investment returns + - Remote student rental startup (We ended up making a bit of money, but it wasn't worth the stress and effort involved. I now know how much I value uninterrupted sleep. We unwound that a year later.) + - Private REIT (Still illiquid and still stuck in, although the returns have been impressive.) + - Crypto mining (Made my money back over the next two years, but it wasn't worth the stress and effort involved.) + +Frustrated with my situation, I knew I was significantly underpaid for my role and experience. I started interviewing for similar roles all across the street. It was an eight month drought, but when it rains, it pours. All of a sudden, with multiple job offers in hand, a three way bidding war developed, and I was able to double my base compensation, more than double my bonus, and move out of an investing role into a more fulfilling and less stressful role. + +My conclusion at the end of 2017 was twofold: + +1. I'm an absolutely terrible active investor for my own PA, and it causes me too much stress. (Odd, as I was in a career professionally managing external capital). Going forward, no more funky stuff - no more crypto, no more private investments, no more rental properties (Although I still had another preconstruction in the works to be delivered in 2019). The lesson learned was to set up a passive asset allocation and HODL. +1. It wasn't worth the time and effort to develop a side-gig, particularly when my main gig is very well remunerated. + +Moving into 2018, my sanity was starting to crack after living in a a room smaller than an standard American prison cell for most of a year, and I ended up moving into a slightly larger, but still tiny coliving (dorm room-like) space. It was inconveniently located with a fairly long commute, but there was a bunk bed, space for a desk, and my own washroom. What else could I want? Until the black mould started growing all over the walls and ceiling, it was paradise. Eventually, my health started to suffer, and completely fed up, I moved into a nice, new apartment costing almost three times as much. This slammed my savings rate, but the quality of life increased significantly. + +Life has been relatively quiet since then. I've manage to maintain discipline better this year, with less volatility in my savings rate. As of the first of the month (Nov 2019), I've hit my first milestone: Survival FI. Based on my countdown to FI, I estimate about 17 months until my next milestone at my current income and expenditure rates. + +https://imgur.com/t5ha8Z5 + +Just because everyone loves Sankeymatic diagrams: + +https://imgur.com/H0Tf5li +## So You Hit Survival FI. Now What? +Head down, breathing focused and counting down to my next dopamine hit. I expect to hit Lean FI in 17 months. In the meantime: + +- I'm trying to pay less attention to FI - it'll be fine. Most decisions are inconsequential at this point and move FI forward or back by a month or two. I find that I spent endless time working on my budgeting spreadsheet, or obsessing about money I spend. I hope that as I get closer and cross these FI levels, this mental anguish will fade into the background. +- I'm trying to pay less attention to the news. There are little genuinely interesting or enlightening news. Most of news is people talking about other people talking or tweeting and is inconsequential in the grand scheme of things. Bloomberg started detecting incognito mode and I don't have a good way around their paywall anymore. I've also learned that not reading Bloomberg has negligible impact on my life. +- I'm trying to go to the gym every day. The last few years have taken a toll on my health, and I'm not getting any younger. I can't slam weights like I used to, but I hope to get some yoga or cardio in every day. I really hate the lead-up to yoga, and I hate the yoga class itself, but I never regret going afterwards. +- I've deleted almost all social media. I got rid of Facebook over a year ago. I got rid of Instagram recently. The only thing I have left is LinkedIn, and once I reach FIRE, I expect that I'll delete that too. I have no regrets - I still hang out with my friends, and there's more for them to update me on now. I'm sure I missed some party invites on Facebook, and missed some details on which high school person married whom, but I figure that if my only contact to someone was through Facebook or Instagram, and I wouldn't reach out to them for a coffee or drink when I travel through town, they probably weren't that close a friend anyways. +- I'm struggling to figure out what to do after FIRE. Right now, I've moved halfway around the world, relentlessly optimizing to minimize my time to FIRE. I'm going to have a lot of time on my hands, if I'm not working a full-time job, and most of my social circle has a day job. In the ideal places for me to live, there is a much higher tax rate, and a much lower prevailing wage. This doesn't make full time employment an attractive option. I think I can do remote or part-time work, but that still leaves a lot of time on my hands. I've given some thought to board work, but not sure how to get started (If anyone knows good resources to look into, I'd be very interested in learning more). I'd like to spend more time snowboarding and chasing powder, but I imagine there's only so many days a year that I can hit the slopes. It would be easy for me to travel the world almost continuously solo, but I feel like a lot of these experiences are shallow and not meaningful when there's nobody to share them with. +- I've spent a lot of time reflecting on the things that are important to me, and the sacrifices that I'm choosing to make. I feel like questions around lifelong commitments have hit me really hard in the past little while. I've made really big sacrifices to move up my FI date and while I don't regret the decisions I've made, I've accepted that some life experiences will be inevitably delayed (like partnership and marriage) or extremely difficult without compromising on FI (children). On one hand, I see some of my friends getting married, having children, and I envy them, knowing that they can raise their children while they're still young and active and in the peak of health. On the other hand, I believe that raising children while not having to work full-time, without money stress, and having all the time in the world to spend with them also has its merits. +After taking you fine peoples advice, I’ve came forward to my boss about my paycheck being 16/hrs over. + +They told me they would NOT be taking it back (*^o^*) +I am full time employed on PAYE tax and I do a little bit of buying and selling on ebay (as a private seller) just in my spare time, really only for some extra disposable income. + +I've sold around £5k worth this year but I want to ramp it up a little after Xmas. If I manage to sell around £7.5k that would take me into the higher tax bracket for income.. + +So I suppose my questions are, do I have to declare this income? If so, how do I go about it in terms of my employer and PAYE. I don't particularly want to register as a business or anything as I fail to see the positives. Can my undeclared earnings from previous years come back and bite me in the arse? + +Edit. £5k worth of sales this year. Profit of approx £3k, maybe a little more. (I clearly don't keep a good enough track, but only because I don't see it as a business) +There's not much to say about current bitching in cryptosubs. + +Sure, we're 50% below the ATH but BTC was just over 3k last year, ADA was 2 cents, ETH was worth something then too I'm sure and now a bit more ,right? Just to put things in perspective... + +A friendly reminder that things might get worse but they also always get better. As many have witnessed themselves starting in Q4 2020, a week in crypto can wipe off years of losses (yes XRP "army" I'm talking to you) and make some decent profit too... + +TL;DR: don't listen to anyone, don't look at the charts too much and tell everyone who brings bear/bull analysis to go and f\*\*k themselves! +I have an average buy price of about 50k and listened to everyone who was saying we will never see X price again and 100k btc imminent. Now I feel like an absolute idiot and whenever I see those same people who I listened to now saying that Bitcoin will go to 10k makes it sting even more. I know the common advice people will give is to keep dca and lower your average but I put in my life savings and don’t currently have the room in my budget. Now everyone here is saying that the next bullrun will take another 2-3 years which will feel like an eternity so how can I deal with the depression of being a bag holder? Also any other bag holders out there can comment so I don’t feel so alone and stupid? Thanks. + +Edit: Wow. Had no idea this post would blow up like this. Thank you all for your support. I feel better now and have learnt some valuable lessons. Will continue to hodl and educate myself on Bitcoin. Also sorry if I’ve not responded I’ve received a lot of dms it’s just very hard to differentiate genuine people and scammers these days but I thank you genuine people who have reached out privately from the bottom of my heart. +https://finance.yahoo.com/amphtml/news/tilson-says-nikolas-trevor-milton-183641425.html + +Tilson Speculates About Criminal Charges: In his daily newsletter on Tuesday, Tilson said a friend told him this week he believes it’s only a matter of time before Nikola and Milton face criminal indictments. + +“I agree, and confidently predict that General Motors will end the partnership with Nikola that it announced last week, Nikola's stock will collapse, and Milton will end up behind bars for securities fraud,” Tilson said. + +Nikola had not responded to a request for comment from Benzinga on Tilson's statements at the time of publication Wednesday.  + + + + +*grabs popcorn* 🍿 +Hi guys, + +Curious if anyone has come across this issue before. + +My parents purchased a townhouse in Melb. They did the final inspection 2 weeks before settlement, + +Almost all of the furniture was out and it was in as expected condition. They couldn't do any closer due to a holiday booked well in advance. + +Once settlement occurred, we didn't get the keys for at least a week from the previous owner, but my parents weren't in a rush because they got back 4 days after settlement. + +Upon getting the keys the going to the townhouse, we discover its been flooded. It appears the removalist when removing the washing machine did not turn off the taps fully and it dripped down from the 2nd to the 1st level doing fairly significant damage. Approx 30k minimum. + +My question is, does anyone recommend someone who can help with the legal side, our solicitor is a little useless, sent a letter but im feeling this is a little beyond their normal experitice. Their solicitor is saying bad luck, should have checked the day before settlement - it's on us + +&#x200B; + +Thanks! + +TLDR House flooded by remoalist, previous owner/solicitor is saying not their problem +[bought today](https://preview.redd.it/8z2j9lmw1wk61.jpg?width=1024&format=pjpg&auto=webp&s=80f198aba7c9255d3bbcbfa015e73274b1466bff) + +As you can see MSNVF CEO just bought for 60 thousand dollars of MSNVF today, last time he did something similar (buying for 10k$) this is what happened next: + +[ this is how the price reacted a few days after. ](https://preview.redd.it/4rmef4dz1wk61.png?width=669&format=png&auto=webp&s=e95305ce5d9ebedd7f4df20f23980fcec97033c4) + +about MSNVF: + +1. \- Huge PPE contract with the DOD, t[he company is](http://www.mrscorp.com/mission-ready-announces-new-purchase-orders-provides-soe-protest-update/) pleased to announce that, further to its September 18, 2020 news release announcing new contract awards valued at an estimated $127 million, **with a ceiling of $435 million,** this PPE contract (gowns) has been awarded by the DOD to unifire and the manufacturer they represents. +2. \-Manage **the Lyft store** [https://lyft-store.com/](https://lyft-store.com/) see at the bottom +3. \-Board and Management formed by highly respected veteran and managers like Gen **James Mark, William bratton, Paul Litchfield.** +4. \-Just uplisted to the **OTCQB and about to have DTC requirements.** Which means hopefully more volume on the american side. + +For more DD click on my Profile our go to MSNVF subreddit + +**TLDR: with a market cap of under 105m and a contract that most probably will be close 350m we can say that the company is undervalued, well... the CEO thinks so** + + +edit: + +https://preview.redd.it/fq5zh9k4exk61.png?width=128&format=png&auto=webp&s=7b36fb9c6f2f96e438667c7df6773144f6d9a585 + +didnt see it but another Insider bought some tonight + + +&#x200B; + +[Dan the 69 legend hits again lmao](https://preview.redd.it/q4j3bqfcexk61.jpg?width=1024&format=pjpg&auto=webp&s=2efbcca13ec65a9eacfa1ee264a686f485c16b48) + +insiders filings here: +[https://ceo.ca/api/sedi?insider=&symbol=MRS&date=&transaction=&amount=&undefined\[company\_symbol\]=MRS](https://ceo.ca/api/sedi?insider=&symbol=MRS&date=&transaction=&amount=&undefined[company_symbol]=MRS) +I have been working with a headhunter and have received an offer from a PE firm for an analyst position. + + +I am having a discussion with the headhunter this afternoon to review the offer. What are some things to bear in mind for these discussions related to salary and benefits? + + +My current thoughts are: + +* Salary (duh) +* Am I eligible for a 2015 bonus? +* What are the details of your 401k plan? +* Is there a signing bonus? +* Will I receive a relocation stipend? +* What is the typical salary/bonus structure? +* What is the vacation time? +* What is the start date? +* I already have a vacation planned for December. Am I allowed to take this? + + +My counter points for asking for more will be: + +* Missing out on current year bonus at current company +* Need to relocate and find adequate housing for an extremely high-cost-of-living area + + +Can anyone shed some light on their experiences with negotiating through headhunters and tricks i should expect? + +Thanks! +Thanks, I am an accountant but I've never had to do a financial model. However, I would like to learn how to create financial models so I can potentially open doors to other careers and roles. + +Thanks in advance! +Hi finance, I'm new here so I apologize if this has been dealt with before. + +Is there a standard or typical method for venture capitalists to value a start up for investment? Is the the usual DCF or comparables approach or are there different approaches? + +Cheers! +Newbie question: If I have a call on TSLA with a strike price of $435 that expires this week, (10/26) and the stock price goes up, then why has my call lost so much of its value? + +Thank you in advance +We're now **way** above the point in market cap where we can talk about this shady HK stock. + +This article breaks down P/E (now over 13,000), what the company does (including its WIX-builder website), what the revenue and EPS look like, and why the volume looks extremely sketchy. + +Tl;dr: HDK is up more than 30,000% since July 15th, from $7.80 to over $2,550 today, and is now the 13th largest company in the world by market cap. + +[https://www.thestreet.com/investing/stocks/hkd-amtd-wtf-the-stock-you-havent-heard-of-thats-up-30000-in-2-weeks](https://www.thestreet.com/investing/stocks/hkd-amtd-wtf-the-stock-you-havent-heard-of-thats-up-30000-in-2-weeks) +I list the [best day trading books](https://jns-millennial.com/best-book-for-day-traders-in-2021/) to help you improve your general knowledge and information about stock market investment, especially for day traders. + +1. **Day trading 101**– Best for recognizing the risk factors and highlighting key principles of investing for traders ( Best Investing Books). +2. **How to trade for a living**\*\*–\*\* Best day trading book for beginner (Best Investing Books) +3. **Day Trading for Dummies**– Best for highlighting common costly mistakes in investing ( Best Investing Books) +4. **The Truth About Day Trading Stocks**– Best for understanding the high risk involved in day trading and emphasizing the importance of self-discipline to stay in the game ( Day Trading Books Best) +5. **How to Day Trade Stocks For Profit**– Best for beginners and intermediate traders ( Best Investing Books) +6. **Start Day Trading Now**– Best for learning foundation knowledge and learn how to read the chart and other technical indicators (Best Day Trading Books) +Hello folks! Here recently I have decided to start a portfolio on Cashapp for my daughter who is three. The goal of this portfolio is to create decent and stable growth through the next fifteen years. I want to be able to give her a good chunk of cash to help her into adulthood. + +Right now I know I am going to invest into some dividend stocks and VOO overtime. I was looking at AT&T but I am not too sure if I want to go onto the company as of now. What are some good dividend aristocrats or dividend growth stocks in general that would really beef up this portfolio overtime? +I have a few questions. I��ve made some money playing with some penny stocks, and have a rather limited portfolio overall. This is more of a hobby to me, but the idea of slowly creating a passive income stream has a lot more appeal than hoping to get lucky or timing the market. One thing that has stood out to me is $O, as well as $HD, $HRL, $SYBT, and $JPM. + +In regards to the funds that offer monthly dividends like $O, is it a safe bet to just purchase stocks over time and let it sit and generate dividends? Or is there a risk involved? + +Is there any good resources that can be read in regards to how to diversify such a portfolio? + +I only have about $1200 free at the moment to throw around. How would you guys go about starting a dividend portfolio? + +Thanks in advance! + +Edit: I figure it would be helpful to know, I’m 35 years from standard retirement, 20 years from when I would like to be retired. +Hi guys + +I have a tax exempt Isa which will only allow me to invest in dividend ETFs, I also have a general account where I can buy individual companies + +So the question is should I just go for the dividend ETFs or make individual picks +I have seen people in this sub say that dividends in a Roth IRA is good for untaxed dividends. I have also seen people say it’s better to focus on growth in a Roth since you can convert it to dividend stocks later on without paying taxes on capital gains. Any advice on the pros/cons of both strategies? + +For context, I am 20-25years old (I don’t like putting exact personal info online) with ~25-30k invested. I have two Roth IRAs (me and wife), a taxable account, and two 401k retirement (again, me and wife). The 401ks are 100% in target date funds. For both Roth’s and the taxable, it is 50/50 VTI/SCHD. + +Edit: might be worth mentioning that I am in the US, so I am subject to US tax laws. +Hi all - + +Would JEPI be a solid place to contributing to at the age of 22 Or would SPY/broad index fund be better suited at this time. + +Appreciate your help! + + +For context, + +\- Monthly contributions from salary. + +\- Would start with an initial lump sum. +NEW HERE! Since everyone is saying that the market is overvalued, shouldn't we be buying value etfs?For eg. buying VTV rather than VOO or VTI, or buying alongside and putting majority into VTV. +21 year old- not understanding credit cards. Why do people keep money on their credit card? I know several people who like to keep money on their cards that they could easily pay off but continually do this for years. Does this build credit? Am I missing something important? From what I’ve gathered, using the card and having a record of paying at least the minimum builds credit, but why not just pay off the whole bill instead? +Hi beautiful apettes and apes, + +most of you know us by now, we, the team of [WWW.DRSGME.ORG](https://drsgme.org) have set ourselves the goal to make DRS known beyond the borders of Reddit and to cause a revolution in finance. It's been just under 3 months since we went online. Those who know us have surely witnessed how we have been working hard every day since then to make the site more comfortable, more user-friendly and also more useful for everyone. + +It has been admittedly very difficult for the team in the last few days as we have to deal with hate messages, threats and insults on a daily basis. We are ridiculed and accused of being crooks and rip-offs to top it off. + +We understand that it is very difficult to earn the respect and trust of the community. We are confronted with corruption and crime on a daily basis here in this sub. But we have nothing like that in mind. + +We have always said that we have full transparency about the fundraising campaign. Why don't you visit our sub page and click on the "Campaign Progress" button to get details about the payouts of the donation page, the planned campaign and keywords etc? + +Our 2 marketers, [u/Keichavik](https://www.reddit.com/u/Keichavik/) and [u/pmxller](https://www.reddit.com/u/pmxller/) are full professionals and make their money from these topics. We are always ready to discuss with you at eye level and with proper manners. We will not comment on hate comments or stupid taunts. Feedback is always welcome, we would like to keep you updated on the status of the campaign in the coming days. + +**Allow me a personal note on the side:** + +I've learned a lot along the way, I've made friends, and I can't wait to visit them in real life. We are a team of independent and self-thinking GME investors who work as a team of designers, writers, project managers and much more. All of us do not earn a cent from this project. We do this in our spare time, so sometimes we may not respond immediately. Please understand that. I would also like to thank the moderators who treated us fairly and are friendly. We have been in exchange with the mods for some time and we also know that our posts are sometimes discussed very controversially - I ask you all to be friendly and fair with each other. We may be apes, but we should be civil to each other. + +**So yeah, check out our Campaign Progress and let us know, if you have any questions.** + +PS: Sorry for my bad english (I heard enough jokes about that the last days, lol). +I've only been in the crypto game for a couple of months now, but that means I've seen a few large dips in the market. EVERY time this happens, coinbase completely stops working, with nearly everyone unable to buy and sell. + +I'm not trying to buy or sell myself right now, but I feel like people are overlooking what a massive fucking problem this is. How are people supposed to take crypto seriously and feel like it's a legit investment when they can't move their coins every time the price drops a meaningful amount? People always complain a bit when this happens but it seems everyone gets over it pretty quickly. + +How is coinbase viewed as a trustworthy, legitimate actor in the space with this GLARING problem? Especially given the whole bitcoin cash fiasco that happened this week as well. +I opened up the letter between RC Ventures and GameStop. **DAMN** is our boy RC under some pretty strict scrutiny with the standstill period. There some legalese in here that I'll try and break for you to keep it simple. + +We know he couldn't speak much, hell we even knew why. **I didn't expect it to be this restrictive though. This is me showing WHY it isn't as easy as:** + +***"Ryan Cohen better talk soon"*** + +&#x200B; + +Okay so straight up, I tried my best not to misinterpret anything. If I did, of course lemmme knowwww. + +**Further point - this is explicitly about Ryan Cohen. GameStop could speak and they don't. I'm explaining why RC can't.** + +[For your own research, here's the filing.](https://www.sec.gov/Archives/edgar/data/1326380/000119380521000031/e620202_ex99-1.htm) + +I will **bold** the important bits :) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Buckle Up + +&#x200B; + +>*RC Ventures agrees that, from the date of this Agreement until the earlier of (x) the date that is thirty (30) calendar days prior to the deadline for the submission of director nominations by stockholders for the Company’s 2022 annual meeting of stockholders pursuant to the By-Laws or* ***(y) the date that is one hundred twenty (120) calendar days prior to the first anniversary of the 2021 Annual Meeting (the “Standstill Period”), RC Ventures shall not, and shall cause each of its Affiliates and Associates not to, in each case directly or indirectly, in any manner:*** + +&#x200B; + +**Ape - There is a standstill period. RC Ventures ( including RC himself) can't do the stuff outlined below until 120 calendar days before the June 09th 2022. (or 30 days before director nominations whichever is earliest. We have a new date boys and girls.** + +&#x200B; + +>*acquire, seek or propose (publicly or otherwise) or agree to acquire, beneficial ownership, directly or indirectly and acting alone or in concert, whether by purchase, tender or exchange offer, through the acquisition of control of another person, by joining a partnership, limited partnership, syndicate or other group, or through swap or hedging transactions or otherwise, any securities of the Company or any rights decoupled from the underlying securities of the Company that would result in RC Ventures (together with its Affiliates and Associates)* ***owning, controlling or otherwise having any beneficial ownership interest in or aggregate economic exposure of more than 19.9% of the outstanding shares*** ***of Common Stock;*** *provided*\*,\* *however*\*, that RC Ventures agrees that, immediately upon RC Ventures (together with its Affiliates and Associates) acquiring beneficial ownership, or becoming the beneficial owner, of 20.0% or more of the outstanding shares of Common Stock without prior Board approval,\* + +&#x200B; + +**Ape - Lots of words just to say, Ryan you can't fuck about trying to funnel money around other companies to obtain more than 19.9% of GameStop. However, when this little period is done? Go right ahead you beautiful man.** + +&#x200B; + +&#x200B; + +>(vi) (A) make any proposal for consideration by stockholders at any annual or special meeting of stockholders of the Company, (B) make any offer or proposal (with or without conditions) with respect to any merger, tender (or exchange) offer, acquisition, recapitalization, restructuring, disposition, business combination or other extraordinary transaction involving the Company, (C) solicit a third party to make an offer or proposal (with or without conditions) with respect to any merger, tender (or exchange) offer, acquisition, recapitalization, restructuring, disposition, other business combination or other extraordinary transaction involving the Company, or encourage, initiate or support any third party in making such an offer or proposal, **(D) publicly comment on any third party proposal regarding any merger, tender (or exchange) offer, acquisition, recapitalization, restructuring, disposition, business combination or other extraordinary transaction with respect to the Company by such third party or** (E) call, seek or request (publicly or otherwise) a special meeting of stockholders; + +&#x200B; + +**Ape - This is the juicy one. PUBLICLY COMMENT ON ANYTHING. Judge us on our actions not our words. Well when you can't say shit that's all we got.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +**Trust me there is more. Can't influence stock voting, shareholders, anyone with respect to directors. Have a look for yourself.** + +**Now he is the Chairman, does this change? I don't think so. If it did, I'm sure he'd finally be out there talking.** + +&#x200B; + +**New date?** (*Edit - get jacked for every date. If you do jack, jack responsibly).* **February 9th, 2022. That's when the gag is released. That's when he gets his 20% stake. Will we MOASS before? Who knows.** ***Hodl and find out.*** +Does anyone still watch this Aussie youtuber? + +I feel all this guy talks about is warren buffet and what Warren buffet eats for breakfast, what Warren buffet does in the morning etc. + +Then he talks about how to save $10,000. “Save $500 in first month, then do $1000 in second month” + +Are there any legit Aussie finance youtubers? +After doing some research it looks like it may or may not affect my credit. I got a Chase Freedom Unlimited card about 3 weeks ago (my first card). Based on Chase Credit Journey, I have a score of a little over 750 (cause of paying rent and tied on with my parents) and the card did not hurt my credit but I saw that it did get written down as 1 credit check. + +I work at Best Buy and want to get the card to get 5-10% back on every Best Buy purchase (plus employee discount). I just don’t want it to affect my score as I’ll probably buy a house in a couple years. + +Edit: Thank y’all! I didn’t know that it would only temporary dip if any at all. And to clarify: I only use credit cards for the points and always pay them off in full before the due date (not sure if that’s the best thing to do but I don’t have to worry about missing a payment or interest). I also typically have a 5-10% utilization rate (used to use one under my dad’s name). +Been talking a lot about interest rates with friends lately, and it seems like it's pretty split between people who pay the minimum payment on a loan vs more. Most of the people I'm talking to have student loans but a few was for a house. I'm curious to learn why people would or wouldn't pay more? + + +I have a Mediterranean Wine and Tapas Restaurant. It is highly rated on TripAdvisor, Yelp, OpenTable, Google Reviews, etc. I have over 8,800 friends on Facebook. People love my place. + +For the eight years I have owned the restaurant, I have devoted my time, energy- both emotional and physical, as well as my financial resources to the restaurant. It has been my highest priority after my husband and children, one of whom is autistic. However, it has and continues to take a tremendous toll on my life. + +My marriage could not survive the daily demands of running this restaurant, which ultimately led to divorce. My health has been adversely affected as well. I was diagnosed with a late stage and rare lobular breast cancer in April 2016. I had a double mastectomy, chemotherapy, and radiation which lasted well over a year. + +My brother with no prior experience kindly offered to help with the management of the restaurant during this time. As generous as this offer was, he was not capable of running a restaurant. Recently I have relapsed and now urgently fear for the future. The premier specialist for this cancer is located in Boston, which means additional extended time away from the restaurant. Once again I will have to leave the restaurant unmanaged in order to receive treatment. + +The restaurant is down over 220k in the last two years. With the assistance of a local business broker, I attempted to sell the restaurant after my diagnosis for several years now but to no avail. The lease will expire in March 2019. + +I do not have the financial ability to continue to pay my bills. Simply put, I am drowning in restaurant, medical and personal debt. I am deeply depressed due to cancer and the inability to properly care for my children. I have gotten to the point where I cannot pay my mortgage. + +I have attempted to sell the restaurant. I have also tried to find a partner. I am now considering bankruptcy. + +Does anyone have any suggestions for my next course of action? +For some background, I would consider myself at the upper-end of middle class; my parents have always financially supported my every need and want and I've never had to really work to make my own money. My parents split when I was 13, and have been giving me monthly allowances ever since. Currently, I receive $400 a month to pay for gas, food, etc. and my mom has also given me her credit card. + +My parents have a college fund for me and I get financial aid, but I'm feeling really overwhelmed because I have NO IDEA how tf financial aid works at college and my parents are really getting on my ass about it. Recently, I also learned that one of my family friends in her early 20's has a rare form of cancer, and she's been scrambling to figure out her finances. My family has been talking to her about mutual funds, stocks, life insurance, etc. and it really freaked me out because I (again) have NO IDEA what they were talking about and I don't want to be in a financial situation like that. + +A friend of mine who's (mostly) financially independent told me I should open a credit card to build credit, but I'm scared that I'll screw myself over. My parents tell me to invest in cryptocurrency, but I also have no idea how that works. I currently only have $1600 in savings and make some money from selling clothes online (not a stable income). My dad doesn't want me to work while I go to school, and I really want to graduate college and grad school (as close as possible to) debt free. + +I've heard sooooo many horror stories about college debt ruining people's lives, and I don't want to be mooching off my parents when I'm older. How do I start becoming financially independent and stable? You might think I'm joking about how clueless I am about all of this, but I legitimately don't know the first thing about finances. I love spending money (if I get a dollar, I spend a dollar) and I'm worried about my habits negatively affecting my future :// + +Tl;dr: Lowkey grew up spoiled and knew nothing about money, but I want to eventually become financially independent, but don't know where to start. What are the first steps I can take as an 18-year-old soon-to-be college student to save and become financially secure? +Saw this article today: https://www.ccn.com/jerome-powell-knows-federal-reserve-destroy-us-stock-market/ + +I'm beginning to worry that this is a bubble and we're going to see a crash. I'm in stocks for the long term (20 yrs) but am nervous about having a large % of net worth in the market. + +Any opinion or examples of what you are doing? +After doing some research it looks like it may or may not affect my credit. I got a Chase Freedom Unlimited card about 3 weeks ago (my first card). Based on Chase Credit Journey, I have a score of a little over 750 (cause of paying rent and tied on with my parents) and the card did not hurt my credit but I saw that it did get written down as 1 credit check. + +I work at Best Buy and want to get the card to get 5-10% back on every Best Buy purchase (plus employee discount). I just don’t want it to affect my score as I’ll probably buy a house in a couple years. + +Edit: Thank y’all! I didn’t know that it would only temporary dip if any at all. And to clarify: I only use credit cards for the points and always pay them off in full before the due date (not sure if that’s the best thing to do but I don’t have to worry about missing a payment or interest). I also typically have a 5-10% utilization rate (used to use one under my dad’s name). +Hi there, + +I am a prospective Econ major studying at the senior year of high school. Before starting the freshman year in university, I want to polish my math skills as I know that it is a critical part of econ curriculums. Assuming that I have acquired the basic and intermediate math skills, what more advanced areas specifically should I put the most emphasis on? Derivatives, Integrals, Limits maybe? What math areas do the economists and econometrists refer to the most? How important, if at all, is geometry? + +Thanks beforehand! +Let’s say the richest man in the world gathers up as much money as he possibly can in the middle of his house and burns it all including his home. How would that affect the economy? +I am an Israeli student, for most of my life I have held the conventional socially conservative-economically (neo)-liberal view and as such accepted the supply and demand mechanism as the source of value, my social views have not changed but economically my ideas are in flux. I have been introduced to Georgism and the classical economics of David Ricardo, Piero Sfarra, Keynes, Joan Robinson after having read an article about the Cambridge capital controversy between the neo-Ricardians and the the neo-liberals in the 1950s and although I am still considering many things and unsure of what exactly I believe, the labour theory of value seems intuitively and demonstrably correct to me, with one caveat: natural resources. + +Unlike other things of value natural resources have nothing to do with human labour. I suppose that it could be said that labour gives resources value because without labour the resources would be totally inaccessible and worthless, but this does not seem true for me. Yes, the value of gold is augmented by the labour of the miners, and without their labour the gold would be lost to the world and functionally valueless, but the vast majority of the value of gold or oil or coal is the resource itself, and these are not created by human labour but instead by nuclear fusion in a supernova (gold) or the carbon in the remains of plants and animals being subject to geological processes. This is at the core of the Georgist argument and what convinced me of that theory, unlike other things of value like a business or meat and vegetables or a piece of technology, these things have nothing to do with the work of a man or an exclusive group of men and thus no singular man or exclusive group of men should be the beneficiaries of those things’ value, however I found out that Henry George rejected the labour theory of value in favour of supply and demand which is quite confusing to me. + +My question is not to debate the labour theory of value’s correctness or incorrectness, it is simply to ask how the labour theory of value explain things which seem to have value independent of human labour, like natural resources. +Again and again I read about the LTV and its refutation. I'm reading my way up to Capital (1844 Manuscrips, the 18th Brumaire, etc.) but I haven't really encountered the LTV yet and I don't have the economical background to put it into context. Any help would be greatly appreciated! +Could the Gale-Shapley algorithms be utilized on a macroeconomic scale? + +Could the Gale-Shapley algorithms provide an _efficient_ alternative to market allocation of resources? +Over hear in the UK there are a ton of protests right now about climate change as the panic is seemingly reaching fever pitch. + +So are these people right, are we headed for the apocalypse? Or is climate change something where if no further government action is taken technological progress might mitigate the effects? Or something in between. + +If governments do nothing then how large the is impact likely to be? +I'm just a little curious as I'm almost done my calculus 1 class and feel like many of the differentiation rules I had to learn have little to no application for my major. Is there any use for trigonometry in econometrics or economics in general? +Other than humans make rational choices. + +I'm watching some lectures about behavioural economics, and I want to know more about how an average economist view human beings. + +I think there isn't much discourse about the psychology of human beings in the field of economics, but I could be wrong. +Hello r/AskEconomics ! This is my first post here, so I hope I'm doing it right. + +My question is a real life question that me and many others have right now who are considering various zoning law changes in cities like san francisco--that is, no matter what changes with the zoning, even if the supply of rental spaces increases substantially--the demand for housing will meet that supply immediately due to the popularity of the area and the many people already willing to pay premium prices to live there. I am of the thought that the price would mostly stay the same because the supply/demand ratio would be constant, but I am not an economist. + +I hope my question is clear enough--thank you in advance for any wisdom any of you might have about my question. :) +According to this video, Russia cut off gas to Poland and Bulgaria back in April because they refused to pay in Russian rubles: [Does Europe Have Enough Gas for the Winter?](https://www.youtube.com/watch?v=M1TOXSACsuA) + +Not trying to support Russia's actions here, but wouldn't it be more beneficial for them to get paid in Polish złoty or Bulgarian lev in order to obtain more foreign currency, especially since it will allow them to be less dependent on reserves of USD, EUR, JPY or CNY? Correct me if I'm wrong, but the PLN and BGN are fairly reliable currencies (unlike the RUB or the CNY)? + +Correct me if I'm wrong, but the PRC insists on its exports being paid for in USD or other reliable currencies in order to make the CNY more reliable. Why doesn't Russia want to follow this strategy? +Many people say that we are overdue for a recession since its being almost 12 years since the last one. But this seems like a case of gamblers fallacy to me. Is the whole idea of the business cycle actually a real thing? + +It seems like the last few recessions had real visceral reasons that caused them (oil crisis, tech bubble, sub-prime mortgages) which could have been "avoided". In that, if these things didn't happen they wouldn't have ended in recession. + +Now the next catalyst for recession might be the China-US trade war. But again it seems like there are pretty clear cause and effect reasons for recessions, and not because of the inevitable result of the business cycle. +Will it be an introspective look? A case of bewilderment? + +Was this board even around in 2008? + +I know this might not be an economic question perse, but it is pertinent to the board. + +There is no wrong or right answer, just some introspective. +Okay, I’m attempting to wrap my head around the current situation, and figured a few of you well educated individuals might be able to help. + +1. Fed raising rates is used to fight inflation correct? + +2. Wouldn’t raising rates also slow the economy? I know for example if I’m building a house and the interest on my loan is now quoted at 5.7% instead of 2.9% I’m going to rethink building, or perhaps borrow less. + +3. Wouldn’t slowing the economy not make the government want to stimulate the economy, thus diluting the monetary supply further, and increasing inflation all over again? + +4. With a recessed economy, high inflation, lack of labor and production, supply issues, and record government spending, is there really any solution that ends up not crashing something? + +Only solution seems to be stall economic growth, raise taxes, and raise rates in order to minimize risk to overall economic health. However it seems as though even that would have further impact that causes detrimental outcomes. Anyone have an idea that covers all the bases, or that causes the least impact? + +Sorry if I’m showing my ignorance, I only began learning several months ago. +I'm mostly thinking of the orders for the wall, and the refugee ban, which have caused a lot of political chaos both nationally and internationally. Will these have any economic impact (such as affecting the value of the dollar, or the labor force)? If so, how immediately would those impacts be seen? +Extraordinary claims require extraordinary evidence after all. Did they, perhaps, observe a Ricardian Equivalence type effect when the Iraq War began and was funded via debt? +Once upon a time, there was a K-Mart in town, and when they left, the building sat unused for years. I would have thought that K-Mart was in charge of the mess they left, but if K-Mart ceased to exist, who is next in line to fix the building? The city? The new buyer? No one? + +When it comes to larger buildings like a Walmart or an entire mall, can the building be repurposed? Or is the physical structure so large that it simply has to sit? + +Unrelated bonus question: Is there a critical population density where buildings are zoned for business on the lower floor and residential on the upper floors? Or is this something that "just happens" when a city planner wants it to? + +Thank you! +[I'm looking at India's GDP Growth Rate over the past few quarters](https://tradingeconomics.com/india/gdp-growth-annual), and it's always been much, much higher than the USA's. The USA is a fully-industrialized nation, and the definition of a recession here is 6 consecutive months of negative real growth. + +However, I noticed that this definition doesn't apply to a nation like India, Bangladesh, China, or other developing nations. + +* So what's the definition of a recession in India or China? + +* How is an Indian growth rate of 3% a bad thing, when their [population is only increasing at 1.1% a year?](https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&met_y=sp_pop_grow&idim=country:IND:PAK:USA&hl=en&dl=en) + +It seems that "not all 4% GDP Growth Rates are created equally." +we are already used to news like the world being [$253 trillion in debt](https://www.cnbc.com/2020/01/14/global-debt-hits-all-time-high-of-nearly-253-dollars--iif-says.html), and now apparently US companies [owe $10 trillion](https://www.newsweek.com/coronavirus-corporate-debt-covid-19-bonds-federal-reserve-1521219). it looks like its been piling up for decades, and it seems like its a completely pointless metric by now. countries keep working as they normally do. + +is all that growing debt actually going to get paid some day? is it a bomb waiting to explode? is it completely meaningless? +I saw the post in question on my front page and was curious as to whether any of what it is about is true, or just a tinfoil hat conspiracy. + +https://www.reddit.com/r/greatawakening/comments/8u4gpw/trump_just_launched_the_first_salvo_at_the_irsfed + +Thanks! +China seems weird to me since they are officially 'communist', however to me it looks more like a liberal market + centralized guidance mixture. + +The way out of poverty to my knowledge happened via investments (according to a bit of research both from domestic savings and external sources) into infrastructure, education of workforce and production. How did they have any significant domestic savings in the first place, given their inferior state prior to the boom? Elaborating further on that, how much money did they print and is it backed by anthing (gold etc.)? +Is anyone else concerned about the effect of Coronavirus and inflation? With global supply chains affected and people being sent home from work, am I incorrect in assuming this will affect prices? With less supply and demand going up for essentials, this seems like the perfect scenario for inflation. I'm no economist, so I'd like to hear your more educated comments. +My current understanding is that if wages were tied to inflation, the minimum wage would now be a livable wage regardless and it would still be plausible to support a family with highschool diploma and the like. Essentially, one would always able to afford the cost of living. + +I'm curious if there are any other positives or negatives if wages were tied to inflation and if anything else benefits from this move. +I've been confused about high inflation for some time now. My understanding of inflation is that it is the change in price of normal things. So my question is, if inflation stays persistently high for years (decades even), how does anybody afford to live. If the cost of food is going up more than wages, more and more people will keep starving. Certainly the quality of life should drop I would have thought. + +For example, according to Wikipedia, inflation in Turkey was more than 30% from 1980 to 2002. + +Would anybody be able to shed some light on this? What am I missing? +Do the laws of supply and demand apply to the housing market? + +Is the supply of houses elastic or inelastic? + +Can the number of houses built annually in the US be doubled in the next year? + +Thank you in advance. +E.g. when the economy is "bad," why aren't there necessarily certain things we can do to make it better? Which parts of economics are deterministic, either literally or statistically? +I know almost nothing about economics, besides having taken one microeconomics class which I don't remember much about. However, I had this idea. Could the CEO of a corporation make many vague statements about how they predict the company will soon face rough times and how there are problems with business negotiations/disrepair of buildings and equipment/etc etc etc to make stockholders nervous, so they sell the stocks, lowering prices, so that the corporation can rebuy the stocks to treasury stocks? If they do this, they will not have to pay as many dividends, and thus save money for expanding operations/research and development/paying the board and officers bigger salaries. +Despite high incomes, only 40% of America can afford a $1000 emergency. + +[https://www.cnbc.com/2019/01/23/most-americans-dont-have-the-savings-to-cover-a-1000-emergency.html](https://www.cnbc.com/2019/01/23/most-americans-dont-have-the-savings-to-cover-a-1000-emergency.html) + +The conservative argument is that Americans squander all their money on dining, iPhones, cars, and other nonessential items. The liberal argument is that Americans are unable to afford extremely expensive healthcare, education, and housing. Which is more correct? +According to Wikipedia and similar sources, the factors of production are land, capital, and labour. Land is presumed to include all natural resources. + +As an engineer, that sounds very messed up to me for many different reasons. + +- First of all land : seems like it should be separate from minerals because the total available amount will barely ever change, only it's character can change (soil fertility, soil structural strength, etc) + +- Material minerals : like ores are the canonical natural resource, except that a lot of it can be recycled, and there's some inevitable loss where it gets dissipated beyond recovery into the environment. Gold would be a lot like land. + +- Energy minerals : like coal and oil are consumables liberating energy (to a fixed upper limit). And "useful" energy, as usually understood as an enabler to do things, simply cannot be recycled. + +- non-mineral materials : water, air, carbon, etc.... each of them has its own geophysical cycle. No extraction required, but our actions have an effect, so they're different from minerals. Can't be exhausted, but can mess with the cycles. + +- Other natural resources : forests, fisheries, etc are all renewable to some degree (may not be linear), but have their own renewal rates. Can be exhausted if we overdo. + +- Renewable energy resources : solar, wind, geothermal.... these energy flows just exist at a certain rate, and either we tap them or they just dissipate. Can't be exhausted. + +At the very least, land, materials, and energy should have been separate... energy is an input into every step of every process, and cannot be substituted. There's even energy required to produce energy, which establishes an entirely non-economic and exogenous lower limit of productivity. They are all pretty different... I mean, why aren't capital and labour combined into one? + +and if land is merely an archaic term, why hasn't it changed? Today biological taxonomy teaches the 3 domain theory, cladistics, class cnidaria, instead of 5 kingdom theory and class coelenterata. + +Why is land still used as a placeholder? And why is energy such an afterthought? Do we need a separate branch called energy economics or thermoeconomics when energy is so obviously a critical factor? +And if opponents have evidence that directly contradict the theory (e.g. that money is neutral), then why do people still support the theory? Are proponents moving the goalposts in response to such evidence? +People like Mark Granovetter,Viviana Zelizer,etc.They have a lot of work on how cultural,social factors influence economic outcomes,structures.These factors are clearly important in understanding the economies across the world.Why do economists not include these in their models??(or do they?) +For example, do mere ownership effect, regulatory capture, marginalism, tragedy of the commons and of the anticommons, rent-seeking, subjective theory of value, fisher effect, nominal rigidity, and so many others that hold true for nowadays also hold true the previous feudal societies? +Lately I've noticed that I can never appreciate how much I've made from crypto. It never feels like it's enough and is starting to leave a bad taste in my mouth. + +Does this happen to anyone else? Is there a way to combat this? The only thing I can think of is to limit myself from checking prices as often as I do, but I'm not sure if that would even help. +There already is a digital dollar/euro/whatever, the one that you have in your bank account when you pay with your credit card, so why would you need another one with the same crisis entangled, human controlled value properties like the older ones based on imaginary human formulas and changeable at will? + +EDIT: It was not enough that they flooded the market with 24-26% of all the cash in existence in the past year and a half, now they want to add the CBDC to the mix to flood it some more. Are you all seeing this?? +I've been here since the beginning, but I'm not anyone special. I tried to educate on the ON RRP and I have learned a lot more since then. + +**Recapping on the discussion yesterday it's pretty apparent that apes are talking about:** + +1) Buying calls + +2) DRS (that's been going on) isn't helping move the price + +3) Video with some people over-evangelizing this new face (former hedge fund manager) + +&#x200B; + +**And while that has been happening, I also want to note that a few other things are happening outside of the sub.** + +1) Market overall is down + +2) DMMs haven't been delta neutral for some time (yelyah2) + +3) Liquidity is very low across the market (Evergrande, etc) + +4) ON RRP is at an all time high edit: some pedants want me to say it's not ath but, compared to any other time than December, it's really absurdly abused right now. Delaying the rate hike aa long as possible. + +&#x200B; + +**And I want to point out a couple of other points:** + +1) We had a bigger-than-others drop to GME stonk, which gets emotions running high + +2) Buying through ComputerShare gives cash to ComputerShare, buying options gives money to MM's + +&#x200B; + +&#x200B; + +With all that being said, the push to act on purchasing options after today's video should be met with some caution and some further discussion before we all jump the bandwagon. Agreeing with many before me, buying LEAPS and other deep ITM options can cause delta hedging, however, as mentioned in the video today DMMs do not need to hedge, and they have been fined copious time sin the past for this. It's also how we get the FTD problem in the first place - finding those shares because they were never located for the short sale to begin with. + +It seems extra suspicious that on a day where emotions are high, that we get a video drop like this, and a huge push to get people buying those - before we have even heard anything from GameStop. We haven't heard much, but we know they've hired hundreds of extremely talented indivduals and are indeed working on a brand new NFT platform. If there was a rush to do ANYTHING I'm sure they would be making announcements. + +&#x200B; + +**We know that game stop has** + +1) Hired an all-star team this year + +2) Increased sales by 30% in 1 year - during a pandemic + +3) Building amazing new tech to broaden their market (aka increase share value) + +&#x200B; + +Why are we pushing to buy options, especially those around "hype dates"? Really? I have heard everything from 2 months, to 8 months, $250 and up. Why are we looking to give capital, aka liquidity aka breathing room to the DMMs that we \_know\_ are already acting unscrupulously. + +&#x200B; + +In fact, I would dare say that GME has 1 billion cash, and has a LARGE runway with the sales they are pulling off. Who would benefit from a large population of investors giving up their cash for risky positions that do not claim ownership - just the right to purchase shares, which we know aren't even yours until you DRS them. + +&#x200B; + +It seems to me like much of the discussion tonight would favour those in a cash crunch, trying to survive another day. + +&#x200B; + +Closing out, + +1) Options are giving money to MMs not to ComputerShare for an asset that is fungible and is in the DTC. Think about what these companies try to do with your money, is it in your best interest? + +2) DRS implicitly increases share value because the company is doing very well - the harder it is to buy the shares, the more they will be worth - this is basic supply and demand folks. Do you believe in GameStop? I do. + +3) The video is good and confirms many biases. And deep itm leaps may be a great tool, but there are truly no shortcuts folks. As stated directly in the video, they DMMs do not have to hedge, they can choose not too. Meaning they ultimately control if the price movement happens because if they do not hedge (aka buy the underlying to some degree) they are taking money they can then put towards puts etc. + +&#x200B; + +Don't let your emotions run too high. I did this last year during the sneeze (still didn't sell) but we need to be prepared for all levels of manipulation and tonight just has a bad smell to me. +I work in car sales and I have a pay plan that states I must have 2 surveys in at a certain score to received doubled minimum commission on my sales. For the month of August I met these requirements. However when I received my pay sheet, my bonus was not there. I reviewed my pay plan and came to the conclusion that I should have gotten this. I went to my manager who agreed and said that he would contact payroll and get me a new pay plan to sign. No big deal. Well my coworker tells me something along the lines of "Yeah he will never put in a bonus if you don't ask for it. He doesn't think of it." This alarming news makes me check my pay sheet for July. July was a very good month for me, it was my first month of selling cars and I was the number one salesman at the dealership! I got two surveys in of required scores then but did not receive my bonus for that month. I was unaware that I had to request a bonus I earned. I thought it had been factored into my pay. Also I was not present when these pay sheets were passed out. So one of my managers signed it for me with his initials with the note "OFF" next to it indicating I was on my day off when these were passed out. When I brought this alarming news to my manager who is in charge of these sheets, he told me because I had not been here for 90 days at the time of that, I was not eligible for the bonus. I had to have a rolling 90 day average score for those surveys. This isn't mentioned anywhere in my pay plan or anywhere on paper. My pay plan simply says, two surveys or more with x score or higher. So he basically told me I was SOL. My corporate pay plan says I have 14 days after receiving my check to dispute or complain about that check. But it says that in loose terms. It hints that I could also contact my HR rep if the matter is not resolved but doesn't indicate whether or not this has a 14 day limit. Obviously it has been 14 days since I received that check. + +I'm not sure what to do, is this a breech of contract? Is this illegal? I'm in the state of georgia. I like my job but I'm new to the corporate environment and I don't want to lose it. But I feel pretty screwed out of $350*. + +EDIT: After some very careful analysis I realized I was paid my bonus but only partially. I was paid $525 which would be a bonus on three cars. However I was eligible for a bonus on five cars which would have brought me up to $875. So my bonus is $350 short. +As the subject indicates, a few years ago, I purchased a regular MF fund on SIP. After about a year and some months, I stopped the SIP and let the fund idle. I am not investing further in that scheme. + +1. Does it make sense to still convert it to a direct plan? An I still incurring the additional cost of the regular plan? + +2.Does TER still play any part in the holding with no transactions occurring? + +3. If I change the fund to direct (Kuvera has something called smart switch to do this, I think), will I incur ltcg? + + + +Edit: Mangled the title fully but glad there are smarter folks in this sub who still understood my questions despite me butchering the title. + +Correct Title: Should we convert one time MF buy from regular to direct plan? +Vedanta is a beaten down stock. It reached its height of 330 and is now at 165, less than half. Vedanta is a great buy for multiple reasons: Market cap of Vedanta is 60k crores. It has debt of \~ 30k crores. So EV is 90k crores. They own many things + +1) 62% of Hindustan Zinc(HZL) - a highly profitable very low cost zinc (1st decile) producer. HZL has market cap of 100k crores, so roughly 62k crores is just this. + +2) They also have zinc mines abroad which they have invested in which will produce roughly half of HZL's production in a year's time, discounting - they are conservatively worth 20k crores. + +3) They own Cairn Oil and Gas which is again a low cost producer. which has 5k crores of cash on balance sheet and produces atleast 1.5k crores of EBITDA per quarter - so worth \~ 40k crores (6x EBITDA + cash). + +4) They also own Electrosteel which they bought for 5k crores and has turned around quite beautifully. + +5) Missed in all this is aluminium, they are the largest aluminum producer in India at 42% market share. Their other peer Nalco is valued at 10k crores (most govt entities are discounted) and after coal linkage they will have similar profile. Conservatively worth 20k crores. + +6) They have a power plant TPSL, sterlite copper plant which might reopen at some point, iron ore in Karnataka and a stopped iron ore thing in Goa. + +India is going to privatize PSEs and bad firms through NCLT. Vedanta is a good operator and historically have bought dumpster assets and turned them around. The recent example is Electrosteel. They bought an asset that took 13k crores to construct for 5k, improved margins from $50 per tonne to $120 per tonne and on pace to $200. The asset generates 1k crore in EBITDA already couple of months after takeover. India is a resource rich country, once the government liberalizes mining which I think this government will, Vedanta with its technology and skill of above and below ground mining stands to benefit significantly. +My spouses's email ID and phone number had to be updated to get OTP for making a new direct lump-sum purchase . As both phone number and email need an update, this cant be done online. Nor can one open a new account with the same PAN ! A KYC update form needs to be filled and submitted. + +Did this around 20th Feb in person - their investment service centre confirmed all docs r in order and change will be done in 7 business days !. + +The details r still not updated. Emails to HDFC CS are not acknowledged and their helpline is equally unhelpful. I will now have to search for escalation contacts. Frustrating to run from pillar to post to get a simple change done ! + +Update: This finally got done and I was able to login. I added a bank account to the folio yesterday and then tried to make a lump sum purchase. The bank account didnt show-up and the only way to make a purchase is to do an NEFT, HDFC Transfer ...... I thought the servers may be on once a day sync-up so waited till this morning- no change, account still not visible. Helpline informed over chat that it takes 7 days for account to reflect !!!! 7 day !!!! This is now bordering on ridiculous. + +&#x200B; +Been trying to make sense of tax-harvesting to grab the 1-lakh LTCG tax break on my equity investments. And then I came across with this [piece of advise](https://www.valueresearchonline.com/stories/47647/does-tax-harvesting-make-a-difference/) from VR. It says: + +Not enough tax break... + +> regardless of the amount invested and the growth in investment value, the savings with tax-harvesting would always be restricted. In any given year, the maximum tax that one can save is limited to 10 per cent (the LTCG tax rate) of Rs 1,00,000 (the exempt limit from the LTCG tax), i.e., Rs 10,000. Effectively, the total gains would be limited to this value multiplied by the total duration of your investment. + +The problem of having huge amount in your bank account to facilitate it + +> To maintain continuity of investments, you will need to reinvest in equity funds as soon as you redeem the older units for tax-harvesting. This will require you to maintain a fat balance in your bank account in order to make the buy transaction. After all, the redemption proceeds from the selling of units will be credited to your bank account only on the third day after the transaction. + +Conclusion + +> For a small investor with humble contributions as the one in our example, the extra earning is just about 3.17 per cent of the total accumulation, that too over a significantly long period. For a bigger investor, the savings will be even smaller, rendering the whole affair pointless. + +I tend to agree with this analysis. what's this sub's take on tax-harvesting? +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). +I make technical trades like these, and they're completely free to track. [https://www.tradingview.com/chart/DRREDDY/uc7qkPV6-DRREDDY-Fib-Buy/](https://www.tradingview.com/chart/DRREDDY/uc7qkPV6-DRREDDY-Fib-Buy/) + + +Made about 70% on that move so far. +Link here: https://economictimes.indiatimes.com/wealth/personal-finance-news/tata-housing-offers-home-loan-rate-of-3-99-pc-to-new-buyers/articleshow/61596855.cms + +>The campaign gives home buyers the opportunity to own a Tata Housing property "at a special, one-time home loan rate of 3.99 per cent", the company said in a statement. + +>This special home loan rate would be valid for the first five years. + + +what rates after that? +When is the delivery of flats? + + +I found this recent article on VRO helpful on to buy or rent a home + +https://www.valueresearchonline.com/story/h2_storyview.asp?str=200722 + +Which one do you prefer? +I know that this sub likes index funds and they are highly recommended by books like "A Random Walk Down Wall Street". I came across [this article!](https://www.safalniveshak.com/do-not-invest-in-index-funds/) the other day and it argues that index funds does not make sense in India. Some of it does makes sense to me. Any opinion on this article? +I understand auto sector is going through very turbulent times, but Tata Motors is taking so much beatings. + +Does the current share price justify its stature? + +Am I missing something? +So, I have been reading about how very low and very high interest rates come with their own set of challenges. Also, India has been attracting a lot of foreign inflows lately, is this a direct result of higher interest rates in India as compared to other advanced economies? What are the benefits to Indian businesses with higher interest rates in India, as compared to other advanced economies? +I recently read this [ET article](https://economictimes.indiatimes.com/wealth/invest/actively-or-passively-managed-mutual-funds-which-should-you-invest-in/articleshow/71122585.cms) which discusses on the active vs passive mutual fund debate. + +It discusses the CRISIL AMFI and SPIVA studies on active, large cap fund performance against the index and uses these two studies to make their own. The article's study seems to lean towards actively managed funds over passive investing. + +A paragraph that stuck out to me was: + +*However, when we look at the rupee value of outperforming assets, 76% of the assets handled under this basket have aced their benchmark over three years. Similarly, over five years, 67%—or two out of every three large-cap funds—have delivered returns higher than the index. But this masks the fact that 81% of the invested corpus has stayed ahead of the index. This implies that most of the bigger large-cap funds, where much of investor money is concentrated, delivered alpha.* + +The article discusses why index funds may suffer from underperformance: + +*Conversely, by the time an underperforming stock is weeded out, it has already inflicted a lot of damage to the index. By the time Satyam Computer was expelled from the Nifty in January 2009, it had already tanked 91% since a year earlier. Others like Vedanta, Jindal Steel & Power and NMDC had shed more than 40% before being shown the door. The index fund investor has no option but to take this hit. Active fund managers can move out earlier.* + +It concludes that new or novice investors should make index funds the core of their portfolio and supplement it with active funds while seasoned investors go with primarily active funds. + +It does not recommend any specific active fund or AMC to invest in and supports claims with evidence and numbers which makes me wonder if index investing can actually outperform active investing at least in the short term (1-5 years). What do you think about this article? Is it biased or does it make a point? If you're invested in index funds, what is your rationale? +I know we're all sad about this correction but at the very least the quality of the content on this subreddit has massively gone up, since nobody reasonably believes they can pump up a random coin in these conditions + +Just saying + +Edit: + +Welcome back to the party coin shilling... + +Today's coin seems to be Tron. Oh well... +My background- Far from a success story, but haven't given up hope (32M, not in the USA, Target FI age 48). Aiming to reach FI within the next 20 years. +He said Intel would be over $100 within 6 months. Its been 6 months and Intel is now at $55. The terms of the bet required him to yolo 10k into anything wsb decides. + +He needs to put up or ban. + + +https://www.reddit.com/r/wallstreetbets/comments/kganwd/comment/ggeanhr?context=3 + + +Everything else is jibberish to fill the post. No need to read from here its just going to be my diary. + +Went out with a girl last night. Total whackadoodle. Nut job. She threatened to chloroform me on tinder before we ever met. So naturally I was completely into her. + +Her pictures are ok but we meet in person and shes a babe. She comes back to my place and we play boggle and watch a movie while eating chinese food. Some kissing but not much. She holds my hand and cuddles into me and falls asleep. + +I wake her up and walk her out to her uber. Text her this morning saying we should go out again. She says she doesnt want to. What the hell? + +She did say last night that she feels you should interpret peoples actions as a reflection of them, not of you. Still sucks though. Dating blows. + +Hopefully that is enough text automod you slut. + + +Edit: he has told me to lick his balls but chances are he wont produce those either. Ban. +Recently saw a post on social media with someone saying they weren't going back to work until unemployment runs out because they're making so much more at home "and none of it is being taken in taxes." + +It isn't taken out of the check, but unemployment benefits count as income and will be due next year. +I imagine the folks who have been members of this sub have already read plenty on the exchanges available to them, so this is directed primarily for newcomers. But this is still important information for all of us. + +Most of us were either in the midst of or at least observed what happened January if this year when RobinHood (RH) blocked sales of several stocks. That action was criminal. What is even worse is the days prior, RH had unofficially blocked sales of stocks. I was one of those GME/AMC holders. I still am. I had purchased 500 shares of AMC at $4.50 per share and watched my money increase sixfold over night. I set a stop loss at $19 per share and when I had logged back on, my shares were down to $15 each. I lost thousands that day. + +Last year I was also using RH to dabble in to Crypto. I experienced on several occasions their servers would crash when the Crypto I was interested in either spiked or dipped. I could never purchase at the bottom, nor could I sell at the top. + +I now invest in Crypto through Coinbase and through Voyager. My transactions take place immediately in both of those exchanges and I would highly recommend them to anyone. (If there is anyone interested in Voyager, pm me and I'll send you my link and we both get $25 worth of BTC. I'm not here to advertise so I will not post it here). Other folks have mentioned Binance as their primary exchange as well. + +If you are purchasing Cryptos through RH, I implore you to reconsider. I want to see all of us succeed. Crypto Currency is OUR TIME to be successful. We are the early adopters. I don't want to see any of you screwed out of what you deserve for taking the same chance we're all taking. + +Good luck this week, Fam. Stay healthy and stay safe! +This video, ["The Third Industrial Revolution: A Radical New Sharing Economy"] (https://www.youtube.com/watch?v=QX3M8Ka9vUA +), by Jeremy Rifkin inspired this post. If you have not seen it and have a spare two hours, please get a drink, get comfortable and watch it. I promise it will resonate with you as a human being. This post will still be here when you get back. + + +_________________ + +#Why I believe in distributed ledger technologies (DLT) + +At its core, DLT represents a new form of communication technology. [The Economist was right.] (https://www.economist.com/news/leaders/21677198-technology-behind-bitcoin-could-transform-how-economy-works-trust-machine) The most groundbreaking part of DLT is the provision of trust through network effects and economic incentives. This trust allows the network to act as a value transfer mechanism. Whether the value being transferred is a unit of currency (BTC/BCH/LTC), a component of a protocol (ETH/ADA/EOS), a representation of network ownership (NEO/VET) or a utility token (XRP/XLM). + +### Progression of revolutionary communication technologies + +Each of these have been revolutionary in their own right and have caused massive social, cultural and financial changes in human history. + +- speech/language = audio communication within a life span + +- written word = visual communication beyond a life span + +- printing press = massively distributed visual communication + +- telephone = audio communication at light speed + +- radio = massively distributed audio communication at light speed + +- television = massively distributed audiovisual communication at light speed + +- internet = massively distributed audiovisual communication at light speed + network effects + - the internet has lead to the rise of massive companies through network effects. their net worth derived from the data network or network participants that they influence. amazon with market data and market participants. google with raw data from most of the world. facebook with social data. uber with their driver network. airbnb with their property network. etc. + - these companies are valuable because they have derived value from their network participants. by providing the centralised infrastructure, they own the data each participant supplies. + + +The next step in communication + +- blockchain/DLT = internet + decentralised + trust = information AND real value transfer + - decentralised currency. decentralised market economy. decentralised big data. +decentralised social networks. decentralised search engines. true IoT. no more large central repositories of information, power or value. + - this is the age, where instead of owning stock in large centralised companies, we own decentralised currencies and participate in decentralised networks. value is created and distributed through the decentralised market economy as people trade peer-to-peer network-to-network without intermediaries. + +This is still a long way away. Much of the world is still transitioning into the internet connected world. My long term hope is that we transition towards this decentralised economy in a stable manner, people truly own their own data and we become 100% energy self-sufficient with renewable energy. + +______________________________ + +#We are all on the same team. Positive news for one crypto is positive news for all cryptos. Let's help each other to foster blockchain adoption. + +With the influx of new users in late 2017, I was hoping as a whole we would come closer to worldwide adoption of distributed ledger technologies and decentralised trustless networks. I think adoption is still slowly happening but as a community most of us have been tempted by Mammon and our dopamine addictions. + +I feel there are more traders looking to make quick gains than those who believe in the technology behind what they are buying. "Buying the rumour and selling the news" is the ultimate testament to the state of crypto. People are irrationally optimistic and looking to make a quick buck off each other by engaging in short term trades, timing the market pumps and dumps. + +I don't mind the shilling. (As long as it's thought out and logically presented, not mindless shilling e.g. XCOIN MOON) Shilling helped me find two very profitable investments, both of which I still hold. Shilling is good for crypto as a whole. It is optimistic, encourages adoption and gets people to engage and ask questions. Shilling is a dysphemism for advertising from an optimistic community. A fair portion of people only find out about new investments from shilling. + +On the other hand, I'm not a fan of the spread of FUD, in particular the spread of misinformation. The world today has enough "fake news". We don't need more bullshit being spread in crypto. If you think someone is flat out wrong, don't attack their character or spout one of [these] (https://signposts02.files.wordpress.com/2013/07/logical-fallacies.png). Prove why they are wrong with evidence. If you think a project is not promising, outline why you think that way in a rational manner with sources. Even better, why not make a suggestion how you think it can be done better? Add value to the crypto world as a whole rather than take away from other assets you perceive to be competition. Valid skepticism is important, validity needs to be logically and factually sound, not e.g. XCOIN IS A PUMP AND DUMP. + +Regarding blockchain competition... + +>there is actually no such thing like Enemy in this industry, at least not at this stage. I don't understand why people would do anything to jeopardise a development of Blockchain. It should be a open market and all of startups should work together to push forward the development of technology and applications to help the business + +#These tenets guide me in both bull and bear markets + +1. Your investment is not your sports team. Keep an open mind and ask questions. + +2. You can learn something from everyone. Everyone is a potential teacher. + +3. If you disagree with someone, try and justify why. (First to yourself, then others) + - We should all try to be honest about our intentions + - Disclose your conflicts of interests if you have any + +4. Add value to the community. Spread knowledge and answer questions in your community. Correct misinformation spread by others with sources. + +5. Remind yourself why you got into crypto in the first place. + +#The enemy isn't other blockchain projects. Global adoption is our common goal. To get there, we need to do better. +Trading some but I'm being extra cautious and not trading my maximum funds. Got burned bad on previous Fed weeks so I figure caution is a good thing for a couple days. Likely the news won't be good when Powell gives his report. What is everyone else doing? +I have been selling very low delta credit spreads for some years. I actually get really excited about getting 2% on 0dte positions. I will usually leg into an IC using this strategy And let the options expire worthless. I also sell higher delta positions but this strategy is a great way to make a few hundred dollars a day on $SPY 3 days a week. In the event of an absolute crash or extreme melt up I cut losses and trade another day. In 2 years, when I do a decent job on my entries I‘ve only had to cut losses when Biden or Trump tweeted/had a news conference unexpectedly and we experienced a mini crash. I do not trade through Fed announcements and such. Obviously this only works with zero commission platforms. Prior to zero commission platforms I traded(and still trade other strategies) on TD Ameritrade TOS. I have been using Robinhood but have had my positions closed out (I know others have experienced this) for what I deem inappropriate amounts of caution on the side of Robinhood. Does Webull close positions as aggressively as Robinhood? I’ve heard of platforms that I can play a monthly fee and in turn do not pay option or trading fees. I average about 2,500 contracts a month using this strategy so fees really are a non option. Any suggestions? And please feel free to flame me for using Robinhood or for letting options expire worthless. This is a winning strategy over a 2 year time span, even with Robinhood closing my positions out for a loss and the occasional “cutting my losses.” I am up a substantial amount of money over the course of time. It’s a very low stress way of making money. +So I assume I’m not the only one here that got assigned on some puts yesterday. I’m now the proud bag holder of Apple shares and a few others. I’m not particularly concerned longer term as I didn’t sell puts on any garbage stocks. It’s all high quality stuff but I am coming into the stocks with a basis of 7-10% above current market value. Usually when I get assigned I just sell calls a couple weeks out with a strike at or near my basis and wait for a turn around. With my basis 10% above market thats tough to do. I’m thinking on Monday I immediately sell weekly calls at or near the money with the expectation of continued decline to capture premium and further reduce my basis. If the stock gets called away just turn around and sell at the money puts the following week. Another option might be to wait a bit for a recovery and then sell calls. Market could recover next week, particularly after elections and some of this stuff might be oversold, but obviously who knows. Wondering if any other bag holders here have any thoughts on strategy for next week?? +Here is a great video I came across that explains the difference between margin trading with options and stocks: https://youtu.be/tVl98R4l5LE Watch it if you are still learning trading options. + +On the topic of margin, I’ve read a lot of posts here where people share their strategies on generating weekly income from their Margin and retirement accounts. However, it seems to me that everyone has their own way of calculating risk when it comes to selling options. Some people say that they do not use more than 40% of their margin for options. + +Can you share how you calculate to allocate capital for option trades (selling)? + +For example, if I sell a CSP, then conservative approach would be to use notional value and have that much cash available in the account. But that also means that you are not leveraging margin for your benefit. There are pros and cons to both. Would like to hear how everyone does it. + +Thanks in advance +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. +Seems Evergrande will enter default October 23, wondering if any one is closing positions, not opening new ones until after or don't think it will really affect the market? + +I'm personally going to close a few positions. Probably hold off opening new ones until after. Looking for others opinions on the matter + +[https://www.washingtonpost.com/world/asia\_pacific/china-evergrande-debt-property/2021/10/12/403d48ca-2b1a-11ec-b17d-985c186de338\_story.html](https://www.washingtonpost.com/world/asia_pacific/china-evergrande-debt-property/2021/10/12/403d48ca-2b1a-11ec-b17d-985c186de338_story.html) +Hey Theta gang, + +Long time lurker and currently WSB dummy who wishes they listened to the wisdom earlier. + +In Feb/March I jumped on the Blackberry (BB) train and bought 6 x $12 strike Jan 2023 & 10 x $15 strike Jan 2023 (both have 608 day to expiry at the time of writing this). + +Blackberry has since shat itself, trading at around $8.50. + +To recover some cost I am thinking of selling calls BELOW the strikes of my leaps. So selling .30 delta, 30-45 days to expiry and close to profit around 50% (the standard approach on this sub it seems). And if thing go against me roll up and out another 30-45 days. As there is 608 dte I should be able to do this cycle about 13 times (608/45). + +The way I'm looking at it is that I will be able to keep rolling up and out until my the strikes eventually get above the strikes of my leaps and then it. + +So if I sold a July 2 $10 Call with a .31 delta and 40 days to expiry, and then the stock was to shoot up, I would just roll up and out another 40 days, until the stock was trading above $12 or $15. + +Is this silly? What am I missing? + +Thanks :))) + +&#x200B; + +Edit: yes, the leaps have lost 75% of their value +Warren Buffet saying, but to me this is almost how theta gang feels. To me I feel my favorite sweet spot is selling spreads deep out of the money after big moves. I'm not sure how profitable of a move that is in the long term yet, but when public perception is down on a company and they just had a sharp drop, you will surely find a pessimist to bet against you. + +The same is true for selling calls after a big spike, there will be someone that will be too optimistic that this sucker is going to keep running up and they will pay through the nose in theta for an option that is deep out of the money. + +Ben Graham makes the argument that the intelligent investor is one that buys from pessimists and sells to optimists. + +What strategies in your mind feel like stepping over 1 ft bars? +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep bragging to a minimum; remember every dollar you make is a dollar someone else lost. +Hey all, + +So from time to time I have seen these discussions pop up on the limits of selling through Computershare, and there have been waves of FUD regarding using their systems for selling. I want to clear up some misinformation so that we don’t keep spreading incorrect info. In order to do that, we have to understand what limit sells are, for those who are new to investing. + +##Limit Sells + +When you enter an order via a limit sell, you are setting a floor for the price you will accept (over) and the price you won’t (under the limit). A limit sell with a limit of $100 will fill above $100, and it will not fill if the price drops below. In reverse, a limit buy has a cap of what you are not willing to pay more than. With limit sells, there is no cap. The “limit” is a floor for what you will not accept less than per share. + +##NBBO + +Per law, brokers are required to fill your order at or near the NBBO; the national best bid and offer. When the price of a stock reaches higher than the limit of a limit sell, it **acts as a market order** and it will fill at or near the NBBO. At the current price of $102, if you entered a limit sell of $100, it would fill around $102, and it would not fill below $100. Similarly, if you set a limit sell at $100 and the price increases dramatically to $127, your order will fill near $127. If it drops below $100 before your order is filled, it will not fill. + +##Computershare Limits + +Through Computershare, their systems have a max you can enter for limit orders, at ~$214k. This is the max you can enter for your lower limit, your floor. This limit is not a cap, but rather the maximum amount you won’t accept less than. Above $214k, your limit sell **acts as a market order and gets the NBBO**. If the stock is trading at $10M and you enter a limit sell at the max of $214k, it will fill at or near $10M. Below $214k it will not fill. CS has confirmed that they have no caps on what orders actually fill at on the market, and if you sell a share for $10M (via market order or limit sell) you will get $10M from CS. Understanding what a limit sell is, we can understand that **limit sells do not have caps** anywhere on the stock market and not even CS has control of what your order fills at. The only cap they have is what their systems will allow you to set for lower limits. + +##The Estimated Sales Proceeds Limit + +Computershare has a maximum order amount you can enter via their online system. This limit, the Estimated Sales Proceeds Limit, is a cap on the amount of shares you can enter for an order, based on the cumulative amounts of your limit sells. + +We will use the example of their *previous* limit to show how this works. Their previous limit was $1M per order. This means that using the max you can enter for their limit sells at $214k, the “estimated total” can not exceed $1M. You would be able to enter 4 x $214k limit sells before reaching this order cap of $1M. Again, this cap is **not a limit on what the order will actually fill at on the market.** It is a limitation of their system for grouping orders by amount. + +CS has raised their estimated sales proceeds limit to just under $10M ($9,999,999.99). This means that, using limit sells at $214k, you can group 46 sells into a single order. Once this order hits the market, your shares will fill at the NBBO if the price is above $214k, and will not fill below this limit. Again, CS **cannot** limit what your shares sell for, only what can be entered into their system. CS have confirmed that you can now also make multiple orders via their online system, whereas before it was limited to 1 order at a time until filled. + +##Selling via CS + +With this all in mind, you will want to enter your limit sells via Computershare *when you want to take profits.* If the price is anywhere above $214k when you enter your limit sell, it will enter the queue to be filled the soonest it can. This means that you will have to pay attention to the price when you want to sell and only enter the order at the price you want to take profits at. Other brokers that allow higher limits allow you to be more hands off as the price approaches your huge limits, but due to the low floor of selling via CS you will need to be on top of your price targets when you want to sell. + +##Gaming the NBBO and market orders + +There is discussion around market orders and the NBBO, where some say that using market orders can screw you over if hedgies use some fuckery to drop the price for a split second. I admit that I am not wrinkle-brained enough to dispel this fud, but I do have my own opinion towards this. + +Hedgies are desperately trying to keep the price below a certain price point, the point at which marge calls. Above this, if they fail their margin calls, their short positions will be closed out and the computers at the DTCC and prime brokers will go BRRRRRR in a force buyback of the shares. Let’s be real, when the price is at $214k, absolutely nobody will survive their margin calls up until this number. If they can’t handle ~$400 in the Jan sneeze, there’s no way they will survive until $214k. By this point, SHFs will already be in a process of liquidation beyond their control. The only buying that will take place at these huge price points will be the automated computers buying up all the shares they can to close out hedgies short positions. The SHFs manipulating the price *now* will not have that ability past $214k due to margin calls and forced buying. I’m not saying it’s not possible the price could drop from fuckery during MOASS to mess with your market order or CS limit sell, I’m saying it is unlikely it will be the hedgies that are *currently* manipulating the price. In the millions and hundreds of thousands, it will also be too expensive to borrow and short. + +Another note: if the price is at $10M and you enter a limit sell or market sell order, can a super low bid go thought and screw you over? +I don’t think so. Go ahead and test yourself today. Put in a limit buy at $50 and see if it fills. It won’t. Since $50 is not near the NBBO of $100, it will not fill. During MOASS, when the computers at the DTCC are buying up everything they can using market orders, a low ball offer will not make it though the torrent of automated buying to affect the NBBO. **This is not financial advice, just speculation. Sell at your own discretion.** + +##Conclusion + +As we can see, limit sells are not capped. Computershare’s limit of $214k is a FLOOR, the highest floor you can enter in their systems. Limit sells will fill near the current price, above $214k. Similarly, the estimated sales proceeds limit of $10M is an order cap *for their systems*, and not a cap on what your order will fill at on the market. **There are no caps** on the stock market using limit sells. You should also only sell at the price point when you are ready to take profits, since limit sells will fill asap above $214k. + +EDIT: if you want a more in-depth look into limits, be sure to check out [this post](https://www.reddit.com/r/Superstonk/comments/sr5a5h/navigating_moass_a_beginners_guide_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) by u/hmhemes + +Buy, hodl, DRS, limit sell. 🚀 +I love to see young poor people breaking into the silver spoon asshole trading club, making a quick buck and sticking it to the man. It must drive them crazy watching their little secret club be infiltrated by the plebs. +I’m in a workplace where we have a lot of new uni grads who are receiving a salary for the first time. + +Every year we run a Wellness Week and this year we are featuring financial wellness as a part of the program and I’ve been invited to run a short session on budget tips (as I’m a huuuuge budgeting nerd)! I’m super pumped! + +So! I’m seeking all of your best budgeting tips so I can feature the most helpful ones for my younger colleagues in my session :) + +Mine is: set up automatic transfers on payday so savings isn’t a choice! Super simple but turned my financial position around :) + +Thanks for your help! +My credit score is a shocking 222. I have only one major impact on my score, a defaulted $3000 credit card from almost 5 years ago. + +In mid August this year it would be 5 years from when the last time the default was updated meaning it's going to drop off I've been told. + +When it goes away and there are 0 negative impacts on my file does that mean my credit score suddenly goes up? + +All I want to do is get a credit card with a low limit, use it for everyday things and pay it off right away so I can boost my credit score but currently with a 222 I don't qualify for even a phone contract. + +Any advice would be great thanks ! +So Ben parted ways with his old videographer and went on his own. First couple episodes sucked but this one is much better. Funny and some interesting “back of the envelope “ analysis done throughout the episode. Thought the sub would like https://youtu.be/Ys_WOKw9rFg +I'm in a super small town that is surrounded by 4 growing cities. Im my eyes, this town is perfect for development because it has the best of both worlds. It's 40-50 min away from a top city and good jobs but still rural enough that there is a lot of farmland and outdoor recreation activities. The schools in this district are also very good compared to the rest of the state. + +I see it as the perfect town for well-paid zillenial parents that want to prevent their kids from becoming iPad Zombies. My background is in marketing and entrepreneurship so I am confident in being able to articulate the value to the target customers. + +The town itself has not seen any development in the last 20 years except for a new 50 house subdivision being built along with additional capacity added to the sewer system. The political players needed to get the project done are aligned with vision or can be removed. + +There are 6 key plots of land that are available for purchase: 100ish acres for around 14-16m USD. The land is in an ideal spot for a downtown commercial development as well as additional housing needs. + +&#x200B; + +I've always fantasized about wielding total control over a town but never imagined a scenario where I could see it playing out so clearly. Yes there are tons of risks but on general i think this could be a solid opp. + +&#x200B; + +If you were in your 20s, had access to capital, and the willingness to devote the next 20 years to dominating a town, would you? +What are my options for dealing with a tenant who moved out in the middle of the night, plugged all of the drains and left the water running, causing damage to the unit? Is it worth it to attempt legal action? +So I have a couple properties now and I think I'm doing ok, but I know that's just my perspective. Looking for some outside thoughts. I'll start from the beginning. I have no prior real estate investing knowledge. They are all in the same city. + +In January 2014 I purchased a 2 family for 44k in cash. There were existing tenants and rents were 675 per apartment. Taxes were approximately 3300 a year and insurance about 900. Tenants paid for their utilities except water which cost me maybe 1k a year. Over the years everything was pretty ok. Made general repairs as needed and I think the place is definitely worth more now than when I purchased it. I would guess it's probably worth 70k now. Managed it all myself. Both tenants just moved out 2 months ago and I had the place renovated. Currently around 13k in the red on the place after renovation. Hoping to get new tenants at 800 per apartment. + +In August I purchased another 2 family for 95k. This one's only a few blocks away, but it's a nicer area. Paid more for it because everything is new. Roof, boilers, hot water heaters, electrical service. Don't think I'll have any major expenses for quite a while. I'm currently getting 800 per apartment with very nice tenants. Taxes are also 3300 a year, insurance 900, and tenants pay their own utilities with my covering water for 1k. + +Just a month ago I purchased another place for 55k. It's in the same place as the other two. Probably a similar area to the first. Taxes and expenses are all the same as the first two, but rents are currently 650 and 700. Long term existing tenants. The place needs some repairs probably in the low teens at most, but nothing ridiculous. The repairs will definitely raise the property value by whatever they cost and some. My plan is to start getting some of the repairs done when the weather gets a bit better. + +I paid cash for all of them which I know probably isn't the most lucrative. My goal is income to replace my work income so I can retire asap. Currently I'd like to keep purchasing more like this as good deals come up. I have the cash available to purchase probably 4 more right now, just waiting on the opportunities. + +Just wrote this up on a whim. What do you guys think? +Hi all, 30M, single, renting in London. + +Currently working as a civil engineer on a salary of £45k after 7 years in the industry. Over the next 10 years I can expect my salary to rise to \~£65-75k but it will level off sharply after that hence am looking for a career change to software engineering. + +I've looked into self teaching and have found a free online course which if I complete would have me job ready in 12-18 months but requires discipline and self teaching over evenings and weekends which is where I have been struggling. I made the decision to switch \~3 months ago but have struggled to put in the required hours due to balancing with work/social life, and being mentally drained after a work day to learn something new, and hence the course is likely to drag out to a few years. I have been thinking of attending one of the software engineering bootcamps but need advice on the financials. + +Currently have £45k in savings, the bootcamp will cost £8,500, require me to quit my job and is 16 weeks long. My monthly outgoings (rent/bills/spending money) are £2k/month, meaning that in total the bootcamp will cost me £16,500. + +The way I see it is that although expensive, by the end of the bootcamp I will be job ready or very nearly job ready, and beginning my new career, with a starting salary of \~£35k (if not higher). Within 2 years I could be earning £50k+, overtaking what took me 7 years in my current industry, and in 5 years I will be much better off. The downside is a decreased salary for the next \~2 years and the risk that I struggle to find a job after the bootcamp, although I will easily be able to get another job in my current industry tide me over in the meantime. + +The alternative is to continue self teaching while keeping my day job, that way I will not be losing out on a monthly income, but will drag out the career switch process which when I eventually switch jobs I will take a pay cut to \~£35k anyway. This is just kicking the can down the road but with slightly more in savings. + +I know many will advise spending so much money on information that can be found for free, but as people say, with the bootcamps you are paying for the structure and accountability (which I am clearly struggling with) and the careers services. + +Just wanted some feedback on whether it's silly to spend 33% of my savings on a career change or am I right in seeing it more as an investment in my future? +I hope this post is appropriate. I haven’t seen anything like it. + +Last week was exhausting (and I was mainly just watching...) + +No doubt people are drained from stress, flying, falling, fear, ecstasy. This is especially true if you’ve partaken in drugs, alcohol, sex. No judgement, I just want you to do your laundry after the ecstasy to prepare for whatever is to come. Blood or angels. + +Many no doubt have wins and losses, and there is a huge amount of depletion that occurs inside of the brain and body after serious events. People need to refuel. It will help sharpen you for the coming week. + +Tips: + +- Go for a walk/stroll outside. Smell anything out there. + +- Eat a balanced diet today. Load up on veggies and fruits. Drink a lot of water. A lot. + +- Make dinner with your family. + +- Crack jokes. + +- Take a cold shower (“Wim Hof method”). + +- Express and feel gratitude, starting with basic things like the fact you have eyes and can see. Try for 3 things, even if you are down. + +- Search your maps for a float therapy (“isolation tank”, “floating”, “sensory deprivation”). This usually costs $70 and is a pinnacle experience. Trust me. I’ve been floating for years and you bet your ass I went today. + +- If you can’t do the above, meditate. + +- Read a book + +- Draw + +- Pray u/SweetEmbraceableYou + +- If you have trouble sleeping: Chamomile tea, and Valerian Root or Melatonin u/2ticketstotendytown + +- Yoga u/Goin_off + +- Wear comfy socks. If you don’t have comfy socks, splurge and GET SOME. u/hello_hack0r + +- Intermittent fasting with internet devices u/dontbeastranger read more at [link to his comment](https://www.reddit.com/r/wallstreetbets/comments/l3ufji/psa_mental_health_and_you_community_edition/gkifecy/?utm_source=share&amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;utm_name=iossmf&amp;amp;amp;amp;amp;amp;context=3) + +- Call your mom u/slammerbar + +- Relaxing bath with a bath bomb u/slammerbar + +- Light incense u/slammerbar + +- Masturbate, without porn (many users, but I added the no porn part to challenge the status quo. That’s the mental health part: NO PORN) + +- “Gym brotha, gym” u/Clear-Unit4690 + +- Jiu-jitsu, Muay Thai, MMA u/brrduck read more at [link to his comment](https://www.reddit.com/r/wallstreetbets/comments/l3ufji/psa_mental_health_and_you_community_edition/gklca6m/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +- Give someone a hug u/Snow_Walrus4679 + +- Supplements: multi-vitamin, 5HTP, mushroom supplement u/Objective-Guava-3880 read more at [link to his comment](https://www.reddit.com/r/wallstreetbets/comments/l3ufji/psa_mental_health_and_you_community_edition/gklc3nv/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf&amp;context=3) + +- Add L-Theanine (amino acid found in green tea) to your coffee. It’ll take the edge off. u/Berlinboy015 + +- Have a good cry... thanks everyone 🥲 time for me to practice what is preached! + +**TL;DR** +I want you to be the best you this coming week so that you survive, because the market has no barriers. It has no boundaries. You need to have a fresh mind and body to take on the volatility and pure Gs of a rocket ship. It is abso-fucking-lutely terrifying for some people. Whatever plays you’re making, please go into the coming week with a clear mind. I especially recommend floating in a sensory deprivation tank. + +Share your ideas in the comments, and when inspired, go do that thing. Please. For yourself. 👊 + +God speed, retards 🚀 +…and why? + +Think it’s interesting to hear about the red flags people have come across, that made them do a u-turn in the research process. + +For me it’s probably Intel. Must have spent like 10 hours researching that company, but in the end, I just had to conclude that the quality of their products just isn’t there, and despite all the big talk from management, there’s no clear evidence it’s going to be. +I’m gonna be honest here + +I’ve seen SO many “Gurus” show up this year on Instagram, TikTok, YouTube and god knows what other platforms + +All claiming they made really great returns but just started trading this year....in March...literally at the bottom of the market. + +Please don’t listen to these guys + +People who’ve made all their money on one or two stocks from just throwing money at the literal bottom of the market don’t know what they’re talking about + +I know this seems obvious but man I’ve seen so many, and just today I had my brother in law tell him his barber was giving him day trading advice + +TL;DR Obligatory TSLA $1000 1/15 + +**Stop asking me who I recommend for advice, this is literally a post to let you know to NOT take any advice from almost anyone** + +Wanna follow someone who’s ACTUALLY good at TA and makes some crazy predictions: +https://youtube.com/channel/UCfsjoc_1Q9ue1pL0BpehqmQ + +https://youtu.be/cB1KDjWLz5c + + +Wanna actually LEARN TA YOURSELF? learn TA fucking here: https://youtu.be/WEs1xTZpamM + +Learning options and what a Ghetto Spread is: https://youtube.com/c/Thetradingfraternity + +Macro economics some dude named Steven Mehr on YouTube + +Pick up a fucking book about economics and read it + +Or if you wanna be lazy go to this website and just fucking YOLO your money on whats trending on reddit: https://dayminer.herokuapp.com/ + +Don’t listen to graham Steven or meet Kevin bunch of clickbait YouTube money + +Also, DONT LISTEN TO ME......^fucking^retards^you^deserve^to^lose^money +Twitter has been vilified on this sub for a long time. Yet where does almost all of the advertising and community outreach originate from GameStop? We're locked inside a cage in here. I'm by no means saying stop coming to this sub. Just saying we need to be reaching beyond that. Bringing people to the company itself beside the stock. Why am I saying this? Because this sub has 795k members. GameStopNFT official Twitter account has 63k followers. Then factoring in a portion of that is non Superstonk people, they should have way more. + +Support the artists. It has the best return vs effort applied. All you have to do is scroll and like. If you see exceptional art, retweet it. Be active and people will follow you. The more people that follow you, the more people that get exposed to GameStop artists. If you ask anyone in NFTs what is the most vital component. Almost every person you ask that's been in it for awhile is going to answer community. GameStop is building their community onTwitter. We should be helping. + +Not telling anyone how to live their lives. But talking about the stock on Twitter is cringe. It's why people block popcorn zombies. Build the company. The stock will follow. + +&#x200B; + +https://preview.redd.it/pet54ifmqh591.png?width=977&format=png&auto=webp&s=9b7158c1881d3769863e5569eff10d127682e664 +So my gf has just found out that she is a US citizen, she was born there but has British parents and has lived in UK since she was two and didn’t realise this meant she had citizenship. She recently received a letter from her bank about her US citizenship and the need to file a US tax return. + +So my question is what are the advantages/disadvantages of maintaining US citizenship vs renouncing? + +What would you do in her position? What circumstances could she have to pay US taxes? + +For context: 27f making 60k + +Thanks! +I received a 5.5k bonus (about 4k after taxes). I have no debt besides my car which has about 5k left on it. + +I currently put $500 in a Roth IRA and $500 in index funds every month. I have 6 months expenses in an emergency fund. + +I don’t currently have a 401k because my company doesn’t match. I also received a 5k raise so I’ll have a little room in the budget to invest more monthly. + +Should I pay off my car? Put it in 401k? Or put more in index funds? The index funds are considered my house fund +Long time Lurker here. I’m 23 working in finance and have had 2 huge mindset changes this week. + +1st: I have just crossed over my first 100k in net worth and with it comes a sense of peace. I feel myself soaring above the rat race and look around to see so many people/coworkers who only dream of being debt free. I feel so calm. + +2: I thought I was doing well saving around 50% of my income but I started seeing this girl who doesn’t make nearly as much as I do but saves by living frugally in a way that doesn’t seem like a chore. I realized because of this, I feel so much more inclined to go the extra step in saving more, be it by changing my own oil, taking up woodworking to create and repair household items, etc. It can be so fun finding ways to cut a little money here and there. We went on a date to Goodwill and dressed each other up in $10 outfits and went out on the town. Normal date costs:~$60-100.... This date: $20 + +Just wanted to share and contribute a bit. Would love to hear about all of your mindset changes and milestones be it financial or personal! +Hi Guys, + +Just got the information from my dad - $132k owed after graduating from Uconn this past spring (4 year undergrad). Just over $1500 a month or $1100 if I refinance and go for a 15 year payment plan. + +As of now I have about $30k in savings and make $3200 a month (after taxes). Once I go from contractor to employee I will likely make close to $65k-$70k. + +No monthly expenses as I live at home, car is paid off. + +The amount I owe seems insurmountable. Like I'll never be able to buy a house or car. I know everyone is going to say live frugally and pay off aggressively (which I will). But are there any good government programs or other things I should look at? + + +I thought I had posted this. Here are my loans (all Gov't) + +* Loan 1 - Dept. of Ed - $26,817.00 @ 7.9% - Current balance is $34,740.85 +* Loan 2 - Dept. of Ed - $28,158.00 @ 6.410% - Current balance is $33,121.88 +* Loan 3 - Dept. of Ed - $29,390.00 @ 7.210% - Current balance is $33,100.12 +* Loan 4 - Dept. of Ed - $30,868.00 @ 6.84% - Current balance is $32,420.10 +I’m curious as to how others split finances with their partners. + +Some context: I was having a conversation with my mum and she told me how her and my step dad share everything they earn. Both of their incomes go into a joint account, and my step-dad manages all of the finances. All payments therefore come out of the same account. + +She was shocked when I told her my wife and I have completely separate accounts, and we keep a joint record of all our joint spending and split it 50:50 at the end of each month. For us, it means that we both have full control over our finances and aren’t “symbiotic” upon one another (for lack of a better word). There’s also a more practical reason too, in that my wife isn’t British and her clients all pay her in her home currency, so a joint account wouldn’t work very well. + +For our combined savings (goal is to buy a house), I pay X amount per month into a Vanguard account, and my wife pays the equivalent into a savings account in her home country. Reason being that we’re not sure where we’ll end up in 5 years time. Probably not the most efficient process but not sure how else to navigate our different currency issue. + +How about you? + +EDIT: why the downvote(s)? Touchy subject? + +EDIT2: seems that someone has been going through and downvoting all comments that are pro keeping finances separate…people are strange sometimes. +Someone needed to say this. + +There is tons of DD on APHA and TLRY running around reddit, and I trust that you can find it yourselves. There are also ample signs from US politics regarding the upcoming and probable legalization of cannabis. In my opinion, there are some extremely smart ways to invest in the cannabis sector that is projected to grow over the next months/years. + +That being said, I am incredibly frustrated that these companies are now seen as pump and dump schemes. I have held positions in both APHA and TLRY for over a month, and I plan on continuing to hold them long-term because I believe in their fundamentals as a company and the expansion of marijuana legalization. PLEASE could everyone stop saying things like "weed is dead" and "I just YOLO'd on weed and sold at the top before it crashed to get my sweet gainz." + +For any seasoned investor, cannabis is a good long-term play right now, and all these meme stock/hypers are giving it a bad name. Leave it alone! Personally, if I were down on these stocks, I would absolutely hold onto them because they have solid potential. + +These are not short squeeze/hype/meme stocks. Please stop looking at them as such. + +Edit for clarification: People seem to think that I’m bragging? about holding for over a month. I’m not. I only brought up that I entered into a position over a month ago to say that I bought shares based on the company-I didn’t buy shares within the last couple of days because Reddit was hyping it. Congratulations to everyone who has been holding this stock for much longer than I have! + +Edit #2: thank you so much for the awards!!! I’m happy this post resonated with other folks! Also-reading some of the comments has shown me how insanely hateful and stupid so many people on here are. I mean I always knew, but still...even for the internet...it’s fairly shocking haha +Is it true that it’s not necessarily about how many shares you buy but, 1). The amount you invest 2). Percent change on that stock price. + +Just a quick, simple question. Not looking for an asshole answer. Thanks +Up until a month or so ago I'd been renting a property but due to Covid I haven't been living there full time. Towards the end of my tenancy while I was away, some kind of damage occured and neither my landlord nor myself can identify how it came about. My landlord tried to place the full blame for the issue upon me which led to an extended exchange wherein he essentially refused to budge on his position and stated that he was going to take the entire deposit - he listed a number of minor issues which I accepted, but primarily the deposit was witheld for the damage. This led to me researching deposit arbitration and informing my landlord that we should pursue such a path. + +Subsequently, my landlord has informed me that he did not protect my deposit and has refunded the aspects I disputed. I'm not quite sure what my rights are in this situation? My landlord was relatively poor throughout my tenancy and so I want to ask for the remainder of the deposit back, is this reasonable? He claims he unintentionally left the deposit unsecured but I'm inclined to think this is something he does consistently and so part of me thinks I should perhaps even take court action, although I'm reluctant to if I would have to attend in person. + +Interested to hear some thoughts and opinions! +Hi all, I am looking to buy my first home with my wife, at the moment we have 170k in a HISA to put towards a deposit but my plan is leave some in offset for emergency and some more into my ETF/stock portfolio but willing to put the entire 170k in for the right deal. + +I have already been checking out some Property forums and speaking with my Broker and offering people 20% less is happening now and some expecting further falls. + +We are looking to take advantage of this timing and get on the no avocado toast ladder we have always dreamed about. + +I am looking to service a $2200-2500 Monthly repayment on my sole income. My income is incredibly safe. + +At the moment we are looking at places in Sydney between 500-750k and expecting to offer people at least 20% discounts to the guide price in the coming months. + +Any other first buyers out there lucky enough to be in a position to capitalise? +To sum me up: 35F, no kids, no house, no debt. $137k salary, $78k in cash, $230k in super. + +Until about 10 months ago I was living with my ex, it was a very long-term relationship, and I have spent a long time thinking my future would involve two incomes, two kids, and hopefully only one mortgage. He left unexpectedly and it's taken me a long time to wrap my head around. + +I'm trying to build a good life for myself now, and the financial side of it is honestly terrifying. I lose sleep over it. I actually look at house prices and cry. I didn't buy earlier because we were looking for a place together - he dumped me a few days after we'd found somewhere we wanted to put an offer on. + +I guess my question is: how TF do I build some kind of financial vision for myself? I probably sound self-indulgent, and I know there are people out there with less, but it's an adjustment going from two incomes and life plans to one income with a big question mark about wtf my life is about these days. I want to move states, and maybe explore a little, but it feels like that may mean being priced out of real estate forever and that scares me. + +What would you do in my situation? Talk to a financial adviser? Take a chill pill? Something else? + +Edit: Thanks to those who have commented so far. I will be looking into renvesting. I just took an actual chill pill, so will look at any further comments tomorrow :) +If the govt. were saying people can live off 600-700 a fortnight last year why are they suddenly doubling that amount because of Corona? Has cost of living doubled? Btw, not saying it shouldn't be increased in general, especially for families... but not by almost double the costs per person, especially when your expecting more people going on it? ( They wouldn't even increase it $75 last year) + +[https://au.finance.yahoo.com/news/government-doubles-dole-payment-004601557.html](https://au.finance.yahoo.com/news/government-doubles-dole-payment-004601557.html) +The title pretty much says it all. + +I'm 37 years old and my wife and I have a pretty good amount in savings. But we're approaching 40 and think it's time to start being really smart with our money. + +Stocks and super will be recommended, I'm sure, but would love to get advice in general about how to move and shift my money around to better saving for our retirement. + +What type of questions should I be asking? Should I use a bank advisor or are their independent advisors? + +This is all new to me and my wife, so advice of any kind would be helpful. Thanks. + +EDIT: just wanted to thank everyone for the advice. My wife and I will put all of it together and sit down with our accountant in a few months to discuss options. +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. +Let’s talk about something serious guys. I know this page is full of some legit senders and we like to throw it all on black. + +But what do we thinks going down with China? They defaulted 305 BILLION last month. And I believe 500 million or more of it was on American creditors. With a billion in our real estate here in the americas and another 3 billion around Europe? I think numbers could be a bit off but the default is a solid number that was calculated. + +This reeks of 08. And of course people claim that they will be bailed out. Except someone’s going to hold the bag like JP and Lehman did in 08. + +So, we know China and the US aren’t the friendliest buddies. Or even Europe for that matter. What’s to stop them from pushing it to us? Who’s following this and what’s your plan or position? It’s easy to pull capital and “wait” but who knows how long that will be till the bottom drops and to what extent. +Suppose I want to be able to **spend** $4,000/mo. (after taxes, adjusted for inflation going forward), and that I have $1.8M in non-retirement (assuming I liquidate multiple properties, using Zillow valuations less 10%, then less 6% expenses, and less capital gains taxes) and $200K in IRA. And that I'm in my mid to late 40s, single, no dependants. Just how close am I to being able to stop working? + +Edit: thanks for the responses - the feedback has been quite uplifting! Very affirming and I think over the next year or two I'm going to start unwinding things. I want to be mobile, and stress-free, so while I may hang onto 1-2 properties for a while longer, ultimately I'm going to liquidate everything. +I am aware of the substantial geopolitical tensions at this time, but does anyone else think the market is overreacting? + +The current sanctions imposed on Russia by the West won’t significantly affect the majority of US businesses. AMZN is down nearly 20% this year due to an increase in inflation and rising costs of living, however I don’t think that a 20% drop is justified. There are many other examples out there, and speculatives have been bleeding YTD. + +Anyone else think the market has overdone it? +I spend large amounts of my time in r/investing, and despite the occasional thread of "I have $100. Should I put it all into BTC?," I see a healthy amount of discourse and analysis when it comes to investing. I understand that in the FIRE community, investing is only part of the lifestyle, but the differences in the two subreddits were pointedly drawn to my attention when one of the r/investing mods one day said "r/financialindependence is where investing advice goes to die." I didn't quite understand what was meant by this at the time, but now have observed the same over the past year or two. + +I am not a heavy contributor to this sub, so perhaps I shouldn't be complaining, but I will say that I have been an active lurker for 5+ years - even before I created a Reddit account. But between the posts about people asking for advice on how to explain their lifestyles to others (literally sounds like veganism), or posts about someone hitting a minor milestone where everyone's standard response is "Go fuck yourself!" (honestly, what is the value add here), there is little tangible (investment) advice and information about becoming FIRE than ever before. This is a problem. To be clear, I'm not looking for a detailed write-up on why ABC is the next hot stock we should all be buying, but it'd be nice if we could have more posts that detail index funds, asset allocation, withdraw rates, health care and taxes - *thorough discourse on the steps we all will need to take to hit FIRE*. + +The FIRE community here seems to have developed the hive mind mentality that plagues just about every closed-minded community. Similarly to veganism, CrossFit or some niche-political group, when a bunch of people come together and start validating other's thoughts, the group becomes intolerable and hostile to change or discourse that deviates from the norm. Alternative thought isn't welcome anymore, so I have little hope that the quality of posts will one day improve. Criticism here seems to fall on deaf ears. + +Reddit generally offers the best UX to communities for discussing a certain topic, and that's likely why I've stuck around so long. But now it seems that there are better options out there for learning about FIRE, and that's a shame. + +EDIT: People have been asking for what type of content I'm specifically looking for. I think posts like [these](https://www.reddit.com/r/financialindependence/comments/6q7fq0/10_reasons_i_dont_like_vtsax/) have a ton of utility, but aren't as common anymore. +The "Plunge Protection Team" is the financial equivalent of a Murder Coverup Crew. They show up when called upon to hide the "bodies" and any evidence of high crimes. + +They both only exist to keep "the block" from getting too hot, and keeping dirt hidden from public view so that the populace doesn't react accordingly, as it should. + +The Plunge Protection Team is literally an organized, state-sanctioned counterfeiting cartel, and I'm tired of pretending it isn't. +I remember years ago banks interest rates used to go up same day or the day after once the Fed increase it. In May this year, saving account interest rates are same as in April. Thoughts? +The new eight-count indictment, adding a conspiracy charge, sheds more light on the e-mail communications between Shkreli and his former corporate lawyer, Evan Greebel, who is accused of covering up securities fraud. A court hearing on the case will be held later today. +Hey /r/FI! + +So I'm a massive fan of this subreddit on my main account. I wanted to do some kind of yearly post detailing my journey to FI/RE because I personally love seeing the progress posts with detailed financials. I chose to go with putting this on a separate account just so that I can provide detailed financial information without tying it to my main account that friends know. + +It made the most sense to me to do this once a year on my birthday (today!) and this has been my first full year of working out of college. I'll try to give as much detailed information and graphs as I can without revealing too much personal information. So without further ado: + +Birthday Update - Age 24 +================ +Major life changes: + +* Started working full time in June of 2016 after graduating in May +* Degree is a bachelor's in electrical engineering, I went to a local state college on an academic scholarship to lower college costs and worked through college to graduate with no debt +* Currently work as an applications engineer in the construction industry +* After graduating, I moved to a studio apartment near my work +* Purchased a 2015 used car in December of 2016 for a total price of $14.3k after $1k trade-in of my 2003 car +* In August of this year I took a sleep study and was diagnosed with Obstructive Sleep Apnea, haven't gotten treatment yet as it is expensive and I have to work it in + +Overview of Current Situation +=================== + +* Location: Southern U.S., low-ish CoL +* Compensation: $61,500 + ~8% bonus per year + 7% 401k match + usual other benefits (3 weeks vacation), total liquid compensation (base + bonus + 401k) is roughly $70,500. +* Salary Increases: Received ~2.5% raise in March 2017 (from $60,000) for working June through December of 2016 +* Expenses: Roughly $25k/yr +* Relationship Status: Single (not by choice, obviously) +* FI Target: $1.25MM ($50,000/yr @ 4% WR) + +401k Contributions +===================== +Maxing @ $18k/yr (~29.3% of gross pay), plus 7% match (~$4300/yr) = total contribution of ~$22.3k/yr. Current allocation is: + +* 15% to WAPSX (Fixed Income - Intermediate Bond) @ 0.42% ER +* 45% to Dryden S&P 500 (Large Cap Stock - Blend) @ 0.09% ER +* 25% to VEXAX (Mid Cap Stock - Blend) @ 0.08% ER +* 15% to RERFX (International Stock - Growth) @ 0.54% ER + +HSA Contributions +=========== +Maxing @ $3.4k/yr (~5.5% of gross pay). Current allocation is: + +* 50% to OLGAX (Large Cap Stock - Blend) @ 1.28% ER (ouch) +* 50% to PMBSX (Mid Cap Stock - Blend) @ 0.97% ER + +Roth IRA Contributions +============== +Maxing @ $5.5k/yr (~9% of gross pay). Current allocation is: + +* 40% to VFIFX (target date fund) @ 0.16% ER +* 35% to VTSMX @ 0.15% ER +* 25% to VBMFX @ 0.15% ER + +Total Current Standings +=============== + +* Vanguard Roth IRA: $12k +* Vanguard Taxable: $10.1k +* HSA: $6.4k +* 401k: $16k +* Liquid (Checking + Emergency - Current CC Balances): $4.4k +* Debt: $8.3k (Car), interest is 3% so I'm making minimum payments +* Equity: $12.3k (Car) +* Net Worth: $52.9k + +Graphs & Stuff +========= +* [All current holdings](https://i.imgur.com/Tk7jSlY.png) +* [Complete graph of net worth](https://i.imgur.com/KvKVjrx.png) +* [Current FI progress](https://i.imgur.com/ZcTbZkY.png) (Red, Yellow, & Green lines are FI goals for age 35, 40, & 45 respectively, Blue is current progress) +* [Investment holdings](https://i.imgur.com/qBOPizW.png) +* [Cost basis vs. balance](https://i.imgur.com/sVP2yYy.png) +* [FI Age Projections](https://i.imgur.com/oSW4AeU.png) +Lately I’ve been trimming some stocks that are carrying large gains. I use the money to add to beat down stocks or hold as cash. For example, I had 27+ shares of PG, I sold 5. I also trimmed UPS, HD, SCHD and a few others. I added to INTC, IP, CSCO... and any extra goes to a short term bond fund or money market. 20% of my portfolio is now in money markets and short term bonds funds/ETFs....waiting for good opportunities. + +Anybody else spooked by many of the current valuations? And if so, are you adjusting your portfolio? +I've not really been on r/gyldgang long but a qyldgang member recently commented on one of my comments about their covered calls. I joined qyldgang to see their reasoning on being so covered-call focused. + +They seem like polar opposites from us yet we seem to share the same goals? + +I feel like we focus on long term positions about growing and building a very high quality portfolio but it seems like so many of qyldgang are trying to drip their covered calls to also have that endgame of dividend retirement too. + +It just gives me star wars vibes especially when you factor in us being blue (like blue lightsabers) and them being red (like red lightsabers) + +I'm not against them or anything, just curious about what you all think about their strategy. +https://www.bloomberg.com/news/articles/2019-10-14/the-world-loses-400-billion-of-food-before-it-reaches-stores + +The world loses about $400 billion of food before it even gets delivered to stores, according to the United Nations. + +Some 14% of all food produced is lost annually, with central and southern Asia, North America and Europe accounting for the biggest shares, the UN’s Food and Agriculture Organization said in a report, citing the latest data as of 2016. Better cold storage and infrastructure would help reduce losses, but more detailed data on the supply chain is needed to tackle the problem, it said. +I just found out from my mom that my sister opened up a credit card in my name six months ago. My mom has been making the payments on it; the balance as of today is $812.00. + +I’m a college student, currently, and I can’t allow my credit to become sh*t just because my sister is an utter and total selfish b*tch. I’m worried that she might do other things, now that she obviously knows my social security number. A few years ago, she stole my debit card numbers, too, so this isn’t the first time. + +What do I do in the future? I can see this getting really ugly if I have to notify police if she ever decides to pull this, again. I don’t see any other options. It’s not fair for my mother or myself to pay for her identity theft. +Too much hashing power is concentrated in the hands of very few people. I have no idea what are the possible courses of action other than hashing algo change. + +BTC experienced a nearly 50% hashing power increase throughout the month of October, with a particularly huge spike at the end of the month. Hashing power was taken away following a massive difficulty adjustment making this attack possible. + +It should not be possible for small groups of individuals to have such a drastic effect on a truly decentralized cryptocurrency. My goal so far has been to accumulate as much BTC as possible. The lastest China ban on crypto just made me buy the dip. But this attack shook my confidence in Bitcoin and its future. + +EDIT: As I am writing this EDIT half of BTC hashing power just left (10 exahashes to 5). BTC price is up ($6600), no difficulty adjustment. How is this natural? +There was a post a few days ago from a stable genius about purchasing the 1k homes in Detroit to create an autist shrine. I'm a cuck and my boss made me come in on a Saturday, so I decided to do some more DD on this investment opportunity. I created an account at [buildingdetroit.org](https://buildingdetroit.org) and it turns out that Detroit city employees can get these homes for 50% off. The land itself has to be worth more than $500. I am proposing that the WSB community apply for positions within the Detroit city government. First, we need to get some autists to work in the HR department. An unlimited amount of positions could be created within the government. We are also going to need some autists to work in the tax department so that we can get rid of the tax liens. There also seemed to be some concern about the asbestos issue in the original thread. The asbestos would give us access to mesothelioma money you always hear about on TV, which could, in turn, be yeeted back into the market. I don't see how this could go tits up. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Hi all, + +I'm hoping I can explain where I'm at and get input about where I should go from here as I'm just feeling a bit lost. + +I'm a very new trader, less than two months. I started by catching a surprise "huge" win on AMC (not a ton but it sure caught my attention) where I had $5 in and as it exploded, I added more. Then I had a second stroke of luck with CLOV, and another with SPCE. After that...well...let's just say I'm content to stop trading memes stocks for the time being and am looking to put more emphasis on risk management and time management as I can check in regularly since I work remotely most days but I can't just stare at the tickers all day like I have been. + +Currently, my account is down about 2% from my starting place. + +Today I had the same unfortunate experience a couple of times. I'd make a trade, it'd go into profit by a bit and I'd try to hold until it was twice what my risk was but ultimately these drifted down and down into the negatives until I eventually just got stopped out. Should I be adjusting my stop loss as things cross the profit line to make sure I lose as few trades as possible or holding for that double risk point? + +I am curious how you go about managing small fluctuations on stocks for more established companies that don't explode and implode quite so much. I bought into a handful of established companies today that I believe due to my professional experience in tech, that the world would have to turn upside down for these companies to do anything other than tighten their grip on the market. + +Namely APPL, AMD and MSFT. AMD looks like it's at something of support but APPL is pushing an old resistance but MSFT is basically at an ATH. That said I know about the work Microsoft is doing I don't think a slump is around the corner for them. + +I also bought on Ford (F) since I identified it to be at a support point and GE as I was wagering that it is also at a support level. + +And finally, I bought on COIN. I maybe FOMOd a little bit but I've used coinbase and their comissions are kind of brutal, with the renewed interest in crypto, and the lack of PDT rules, I'm feeling like that company is going to be in for some large profits. That said with today's rally, I'm nervous about a morning sell-off tomorrow. + +By the end of the day I was going and watching the 10 minute chart and selling when a candlestick would close below the one before it if it was a substantial drop and just wait it out very small moves. + +I'd like to try going long on some positions like AMD, APPL, and MSFT without having to micromanage quite so much but also don't want blow my account. Right now my position sizes are about equal and I'd have to lose about 8-10% of my investment to constitute losing 1% of my total account. + +Namely APPL, AMD, and MSFT. AMD looks like it's at something of support but APPL is pushing an old resistance but MSFT is basically at an ATH. That said I know about the work Microsoft is doing I don't think a slump is around the corner for them. t to constitute losing 1% of my total account. 'm nervous about a morning sell-off tomorrow. Any guidance you may have + +I'm aware I wrote a fair amount so if you've made it this far, thank you! +Hello again, some of you may recognize me from my previous post about $SPMK. Recently it’s pumped massively on the news of our blockfolio listing and our strong community. But now I’m here to announce it’s going to start the early development of its app game! Now some of you may wonder why is a crypto coin coming out with a game? It’s simple mobile games are addictive and we’re leading the way in finding a way to incorporate crypto into gaming.  + +I see this coin getting a 10m market cap very easily and roughly 10-20x from here off the launch and success of the game. If our community can get this game trending on the app store once it comes out will be absolutely parabolic for the coin. If you'd had invested at the time of my last post you'd have 10x by now. + +This project reaches a larger audience, I spoke last time about how important it was to engage the teens and kid demographic. That whole market of individuals is untouched and not one single cryptocurrency besides maybe dogecoin has been able to get their business/attention. So what’s the only way to get a kid/teenager's business and attention in the 21st century? Ding ding you guessed through games!  + +**What plan do you have for the game?** + +* Users who hold $SPMK will have an ad-free experience +* Giveaways through the game app centered around $SPMK +* AND MANY MORE TO COME + +With the addition of having an app game coming soon, the coin is deflationary 3% of every transaction is burned and another 3-10% (currently 3%) is distributed with the growth of percentages over time. These percentages are drawn from a community vote that takes place where the holders can decide the percentages and request changes. We have great marketing potential and really looking to take this to the next level while having heavy community involvement. + +We're on a timeline of early access to the game being available in late May. Please join our telegram and visit our website for more info! Currently at only 200 holders so this would an amazing time to get in! + +Market cap is 2.5M (was around 250k last week) + +* Total liquidity: $135,759.17 +* Daily volume: $477,167.55 + +**What does $SPMK have coming up next in April?** + +* CoinGecko Listing +* CoinMarketCap Listing +* Delta Listing +* Token Audit +* NFTs + +**How can I participate?** + +Telegram: [https://t.me/spacemonkeyfinance](https://t.me/spacemonkeyfinance) + +Twitter: [https://twitter.com/SPMKToken](https://twitter.com/SPMKToken) + +**How can I buy SPMK?** + +Uniswap: [https://app.uniswap.org/#/swap?outputCurrency=0x51d3e4C0b2c83E62f5d517D250b3e856897d2052](https://app.uniswap.org/#/swap?outputCurrency=0x51d3e4C0b2c83E62f5d517D250b3e856897d2052) + +Slippage: 6-7% due to burn fee + +**Where are the charts?** + +Dextools: [https://www.dextools.io/app/uniswap/pair-explorer/0x7b81b6cd227da6ee5ea4de3fa96504b46e2ea368](https://www.dextools.io/app/uniswap/pair-explorer/0x7b81b6cd227da6ee5ea4de3fa96504b46e2ea368) + +Unicrypt: [https://www.unicrypt.network/amm/uni/pair/0x7b81B6cd227DA6EE5ea4de3Fa96504B46E2Ea368](https://www.unicrypt.network/amm/uni/pair/0x7b81B6cd227DA6EE5ea4de3Fa96504B46E2Ea368) + +Website: [www.spacemonkey.fun](http://www.spacemonkey.fun/) +**Context:** + +An Indian government agency did analysis and found that there will be drinking and general water crisis in India. + +CNN article here - [https://www.cnn.com/2018/06/15/health/india-water-shortage-crisis-intl/index.html](https://www.cnn.com/2018/06/15/health/india-water-shortage-crisis-intl/index.html) + +**Ask:** + +How do I go about investing as to benefit from this ? + + +**Note:** + +I know this may seem like i am trying to profit from a crisis. My take is - If i invest in companies that an fix this, then it will benefit the people. +I'm a 17(almost 18) year old trying to get a better understanding about my finances(through books, articles, and reddit), I know that PPF is relatively safer, but investing in stocks wisely can fetch you great returns. + +But which(any why) in your opinion, do you think is the best for long term investment? +Since there were a lot of questions on SGB , here is a simple thread to understand it . I find the author has written it simply and lucidly . This is by no means any advise , just my opinion . Please do your own math / consult your own advisor . + +https://profitsolo.com/sovereign-gold-bond-calculator-sovereign-gold-bond-sbi-calculator/ +Hi All, + +I've limited myself to spend 50k only from my Credit card monthly , provided limit 4 LPM ..i always keep my credit usage amount separate as i use the card. + +I wanted to know is there any way wherein i Invest 50k for a month and earn some interest on top of it and pay the monthly credit card bill with the money i Invested.. are there any better ways of doing something like this ? +I took this job out of desperation but it’s a 1099, however recently I was told if I didn’t show up at a certain time I would be fired. The boss wants employee benefits it seems like but only wants me to be paid the bare minimum. I detail cars for him and it’s not worth it to show up to work at dawn just to make $60 bucks a day, and most of the time I’m waiting around for cars to show up and not being paid hourly, just per car. After looking more into it I’ve seen that as a 1099 I shouldn’t even be put on a schedule i should be setting my own, is this true? I wouldn’t mind showing up early but the boss refuses to put me as an employee, and this isn’t going to work out much longer. Does this qualify as misclassification ? I feel taken advantage because I’m young, Spanish, and Hispanic, and is trying to save money. Several others have left there because of this . +So recently I've been reading a bunch of blogs and such where people talk about FI and reaching that goal and then quiting their job. Most of these people I read about are on blogs and such so they have an income stream and work even if they don't need the money. + +I'm tired of my job and tired of the daily grind. I have these thoughts of why do I need to wait for FI to quit it. I could walk away today, eat up my non 401k savings while trying my hand at something like a blog or other things that are fun to bring in some cash. As long as I don't walk away from everything I know, there is always the possibility to go back to work in a couple years and work back towards that FI number. Maybe I've even built that blog I want to do to bring in more money that I never felt I had enough time and energy to work on while I'm working. + +Is this a bad game plan in the eyes of many of you? I assume that my working years would be the same, but I would have the opportunity to explore new ideas and see what other options are out there. Maybe I stumble upon a way to pay all my bills with something that I don't realize is work and never have to go back to the grind. Thoughts? +This probably won't be a very popular post, but I feel as if it should be mentioned anyway. I haven't been posting/lurking in any of the FIRE subs lately because I've been busy battling cancer for the majority of the year. I'm only in my 40's, but like my spouse has said, nobody ever expects to get cancer, so it's a real shock to everyone who faces it. The reason I'm putting this out there, is that it's crazy how your perspective on FIRE changes when you are fighting for your life. Don't get me wrong, I still hope to successfully FIRE after a few more years. But I realized that the old cliche which goes something like, "if you don't have your health, then you don't have anything" certainly rings true. Nobody is invincible. In a scenario like this, money and financial plans become much less meaningful in life. Maybe my Mom and Dad were onto something back in the day when they used to say that your health and happiness is more important than money. This was my first point. My second point, is that we shouldn't forget to budget for healthcare emergencies in our FIRE plans! Best of luck, and take care. +**Market Overview** + Not a great day for me or the markets, turns out stocks going down means you lose money….unless you’re a gay bear of course. Quite a lot going on in the US last night with the meme stocks starting to crash and even though oil supplies shat themselves UAE came out and said there had been no deal and that Saudis were essentially full of shit, gonna be a volatile time for oil. I love analysing stocks but its starting to get harder and harder to find value, so question of the day is whats your most undervalued stock? +**XJO down 0.26%** + +**Energy sector & Materials sector** + Energy only down 0.13% today and its largely due to the fact WPL results were not very impressive which left the stock down 0.99%. SOL did beautiful up 2.07% and OSH up 0.52% but ALD down 1.05% took the side of WPL and left it in an unfair 2vs2 fight. OPEC announcement tonight so could be a big night for oil for anyone who wants to stay up and is bored. + Materials having a beautiful day! All the large caps were green except for 3 in AMC, ORI and IPL. IPL were down 1.54% after what looked like a positive announcement to me, just shows im as retarded as the next person. The big 3 were all green, FMG up 2.06%, RIO 2.23% and BHP 1.12%. Big expectations on dividends coming up for the big 3 so will be interesting to see what management does and how results go. + +**Industrials & Health care** + Industrials following energy down 0.57%. Now I feel like im starting to sound like a broken record but god damn! SVW up again 1.53%, I know its not the prettiest stock but its last week of gains is enough to make an NZS holder stop reeling in rotten fish guts and jump on the boomer train. Other than that the sector was pretty mixed with CIM the big red down 2.64%. + Health care not happy today either down 1.4% with the only green coming from my best pick dare I say ever in PME up 0.47%. EBO forgot to take a vaccine against losses and was down 3.68% and their daily chart looks like a penny stonk, yuck. CSL was down 1.67% and appears to be sliding back down trying to find some support after hitting $300 a month or so ago. + +**Consumer Discretionary + Staples** + RED RED RED! Or should I saw DOWN DOWN prices are down. Staples sector map is just dark and the only bright is A2M but they are bright red down 4.49% with their milk the same quality as their management. EDV managed to be green though up 0.63%, COL were dead flat and WOW decided to make up for the lack of losses and join A2M down 0.49% + Discret. Was down a nice 0.04% with ALL and DMP up 0.79% and 0.74%, pizza and gambling on Thursdays clearly! HVN down 0.74% and their competition JBH up 0.04%. I did some analysis on JBH last night and decided nope, retail is one I’d love to get into but don’t see the value. + +**Financials and Technology** + Financials as always having a sense of humour down 0.69%, probably the most exciting thing to happen today. Other than that everything decided to take its cash and go home, but AFI was up 0.75% who apparently didn’t realise stocks went down today. + Tech was funny today as always, but the red certainly wasn’t down 1.18%. Afterpay was green for a moment today which was a good laugh, until it got shafted straight back down 2.28%. NXT up 1.6% now over $12, but XRO having the last vote joined APT and was down 2.32%. + +**Communication services, Utilities & Real estate** + +Communications down 0.54% with no green but there was TLS who finished flat like…okay okay no more wifi jokes. SEK was down 2.06% seeking out Telstras internet, but only found losses. Utilities up 0.72% and holy shit the sector map for them is bright, MEZ up 1.43%, APA up 1.89%,MCY up 1.83% and IFT up 1.68%! go utilities!!!! Real estate taking everything I worked for motherfooker-first one to know that reference gets…nothing but an award from me! Real estate down 1.16% and the only green was GMG up 0.37%, overall everything else for large caps was red and so it should be! Real estate will never go brrr. +Exopharm (ASX:EX1) + +SOI: 139.4m +Price: $ 0.75 +MC: $104.5m + +Exopharm (ASX:EX1) is a clinical stage company at the front of developing exosome-based medicines (EVs) and delivery vectors. They currently focus on two types of commercialisation paths for EVs: + + 1. Engineered Exosomes (EEV) which form a delivery vehicle for other drugs to treat various diseases and cancers. + 2. Naive Exosomes (NEV) based on stem cells and platelets to treat osteoarthritis and other chronic conditions. + +Exopharm isn't looking to cure cancer, they're looking to grow massively via partnerships and help other major companies solve their problems. They can do this by improving the viability of what they call "stranded assets" aka drugs that almost made it; improving the targeting of drugs, so they perform better, or help deliver them in new methods that were previously unavailable by targeting specific cell types to deliver a medical payload. In short from their website: + +Exopharm is advancing EV medicines in two main areas: engineered EVs as tools to deliver active drugs as precision medicines, and naïve EVs, or unaltered EVs, from stem cells and other cells as regenerative medicines. + +Exopharm is the star baby of Ian Dixon, previously of ASX:CYP (stem cells), ASX:NYR (inhibitors), and ASX:NOX (chemo/radio), ASX:MGZ (degenerative disks) and Cell Therapies P/L. + +Ian Dixon is out to make bank. Getting EX1 up and running as a viable acquisition target has been his goal from the beginning, and to that end, I think he's aiming for a valuation of at least $500m. This number is not plucked out of thin air, its based on comparative valuations of the US-listed Codiak BioSciences (CDAK) which refiled on the NASDAQ in October 2020 at $15/sh before rapidly rerating to \~US $450m MC @ $24/sh and spending some weeks in the \~$30 range. Coadiak and Exopharm are at similar stages in the clinical process which suggests there is a significant value gap and quite an opportunity for Exopharm to re-rate. + +On 21 January, the Board released positive news about one of the flagship products PLEXOVAL II, before going on to explicitly call out that they were focusing on international partner acquition. EX1 does not have much of a history of pump-like announcements so I expect the new Switzerland-based operations to bear fruit sooner rather than later. + +On 29 January the Quarterly 4C pointed to general success with EEVs and the NEV PLEXOVAL clinical trials and deliberately called out the Codiak float as providing a "tangible comparator" for investors. Dixon is drawing a direct line of comparison bwteen the A$104m Exopharm and the US$450m Codiak. + +Exopharm burnt \~$849k last quarter in operating activities (nearl $3m offset by \~$2.1m in grants). They ended the period with $7.85m in the bank, but with the R&D grants being stable they have about 9 quarters of funding remaining. I suspect they'll start seeing revenue before a raise is required, and with the share price going the way it is, any raise would be at historically favourable prices. + +As of writing today, nearly 4m shares have traded hands as there was generally positive news out of Israel about successful use of EVs as a delivery vehicle to treat the cytokine storm caused by COVID-19. + +I believe this is a $500m company and will be looking to hold this over the $3.50 mark. +With APT at almost $150 a share and more than 10x the market cap of ZIP’s, how can Z1P still be below $10? + +According to Google, Z1P’s June quarter revenue was 44mil, compared to APT’s 144mil. I know Z1P has some big debts but can someone explain how that justifies how Z1P isn’t a massive buy still when compared to APT? +First off, one stock per person and try to put together a half decent reason why. None of this listing a shit tone of different stocks with no context. +Since people often comment on how quiet the sub has gotten recently, this is a chart of the number of comments since the threads were first split. Yes, a line chart doesn't really make sense for this but it is easier to visualise. + +&#x200B; + +[Market open thread activity](https://preview.redd.it/jzmvtwydvpd71.png?width=2705&format=png&auto=webp&s=b03ff3b50585e8ae618e06e2300155d9b863f53c) +With APT at almost $150 a share and more than 10x the market cap of ZIP’s, how can Z1P still be below $10? + +According to Google, Z1P’s June quarter revenue was 44mil, compared to APT’s 144mil. I know Z1P has some big debts but can someone explain how that justifies how Z1P isn’t a massive buy still when compared to APT? +I love watching how the broad stock market reacts to global news. It's incredible speed built upon the best brains working out the most likely outcomes in the fastest possible time is sometimes breathtaking to behold. + +For instance, that the market boomed out of the COVID crash as early as March 23rd 2020 whilst we were all basically still shitting ourselves is quite something. + +In 20 years of watching, I've only ever felt like I might know better than the market once. That was going into the COVID crash. I didn't sell a penny of my stocks, but there was definitely a period of time, more than a week, in early February 2020 when it became very apparent that this wasn't going to be another (from an investing point of view) 'minor' drammed up SARS and something quite serious and yet the market was just plateauing along sideways. + +I know I'm not imagining it because I participate in a random forum where others had decided to sell up on the news. I didn't because I felt timing the market was a mugs game, and I'm glad I didn't as I wouldn't have got back in in time. + +Some extra detail. The market first crashed on February 20th, by [which point](https://en.wikipedia.org/wiki/Timeline_of_the_COVID-19_pandemic_in_February_2020) the diamond princess saga was well underway, there were a plethora of cases across Asia, and already 2 deaths in the USA. + +Does anyone else recall feeling the same at the time? + +Did you sell up? + +Do you fancy BS'ing us all that you both got out and back in by March 23rd? + +Or am I being captain hindsight? Was it not obvious *at all?* + +&#x200B; +A friend of mine and business associate, along with a good deal of his family has put a good deal of money in a 'investment company' that trades gold, silver & forex using a 'guaranteed system' that 'offers reliable returns. + +All the buzz words are words that worry me, so after much asking, I finally took a look at the brochures the company puts out. + +In the end, and it's even stated in the brochure I got, they are just using leverage with a martingale strategy. I have tried to explain to him that martingales work up until you're bankrupt, then you're lost with everything. His response (And those of all the family members he has), has been that it's impossible for any strategy to fail in this setup simply because gold and forex has value and isn't simple gambling. My response to them has been that since they're using margins, they more-or-less are trading in assets that can have $0, or even negative value should the market move very rapidly in one direction and wipe out the margin reserve. + +I told him that I would ask a group of people that know more than I do, so here I am. I do not actively trade stocks (Only long term buy & hold), so this is all something I can't claim much knowledge on, but feel my thoughts are correct about this 'system'. +For me it's not about the lambos or private jets. + +Both my parents have worked hard their entire lives. Working 7 day weeks and sacrificing a lot to give me a good education they weren't able to have so I can have a better future. + +My goal is to pay it forward and make their retirement as enjoyable as possible. Whether their wish is to travel the world or live in a peaceful environment. They deserve it and i could not be any happier if I am able to achieve this. +"But paying with Paypal or CreditCard is feeless in comparison to Crypto" + +No, these large companies take up to 4% of all income, even from small local businesses, as "transaction fee". + + +You do not directly pay these fees, but you can be sure the business is adding these expenses to the price they charge you. + +Why there is no outcry about this silent tax? Most consumers dont even know that they pay these fees indirectly, politicians dont care about it because you should already guess why + + +Cryptocurrencies like XLM offer true nearly $0 transaction costs, for everyone. + + + +The argument that transaction costs would scare people away from some Cryptocurrencies is only true because we dont hide it from them +So up until today, I've got 3 scammers PM me and say that they own a company and that they can increase my profits (this is the most basic type of scam imo.) I made a post some time ago about one of them, [here](https://www.reddit.com/r/CryptoCurrency/comments/olhryu/someone_tried_to_scam_me_if_we_want_crypto/) + +The scammer who PM'd me today was incredible stupid. Like...the stupidest of the stupid. + +Here is our convo: http://imgur.com/a/eDk7ZSU + +He said that he owns this website - eclisetrades.com +and asked me to make an account there and deposit 2 BTC. (lol) + +I asked him to send me 0.0001 BTC as proof that he is legit, and then when he sends me, I'll deposit 2 BTC in his website, I registered to his website just so he gets convinced. Don't worry, I opened it in a browser that has no passwords or anything saved and opened it in incognito tab, as an ex-webdev I know what data someone can and cannot steal. + +and he.... LITERALLY, being the stupidest scammer of all time, sent it to my address. + +I don't really care about the free $4 that I got from him, the best part is that I wasted his time. He could've used that time to successfully scam someone. + +By the way, this is my new address that he sent the BTC to - https://www.blockchain.com/btc/address/1P9s7qn4eLCwJyMWo7RE1vDAHarHM2EXPz + +And this is the scammer's address (he asks people to send BTC to this address on his website, too, and his latest transaction is him sending me BTC) - +https://www.blockchain.com/btc/address/169Jt7BTHRA2MRNP5ADbmhDmxcTyMozTPV + +It's really sad that he has received over $12K worth BTC and sent all of that out to others. I don't know if he's got all that money by scamming or something but I hope karma gets him. + +Please be aware of scammers, if someone PMs you saying that they are a company and can increase your profits or anything of that sort, either block them or waste their time, just don't get convinced and send them anything. +Jan XXX ape here. I was just scrolling my feed and realized that I am fed up with this shit. Fucking pregnant dummy? Are you serious? Do you think this is what matters at all? Please, stop posting your low-effort dumbass theories about everything happening, because right now it starts to look like a forum sliding. + +1) None of the theories since Jan was actually proven right. Just think about it. ZERO. + +2) These theories are mostly "RC is dropping the BOMB soon" or "MOASS in 12,5 days" and create absolutely air-built hype, that always ends with disappointment for a specific % of the apes every time when nothing happens on a predicted date. + +3) They are taking away attention from things that really matter: **Buy & DRS** + +and finally, 95% of theories make this sub look like a teenager scout camp. + +&#x200B; + +Feel free to downvote, I just wanted to share my opinion. +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 have 3.5M value in single family houses (13 houses). I liked the idea of having a physical asset so I went on a buying spree 3-4 years ago as prices were low too but have skyrocketed. I also have more in stock plus income. Right now with all the taxes, lease issues, etc. I'm profiting about 150k a year. So like a 4% cash on cash return (though the houses have all nearly doubled in value since owning) ... I kind of feel like the market is about to tap out though but uncertain as it's a high growth area. Lots of factors. It's almost no time investment as a property manager deals with it all. I know it's a lot of information but I'm not super investment savvy (got a bit lucky investing in a friends and family round in a friends company that ended up IPOing). Any feedback on owning SFH long-term and that cash on cash ratio, even general would be helpful. +Hey everyone, + +I’ve been lurking in this subreddit for quite a while now and find a lot of the posts extremely valuable. However, I noticed that a lot of people fatFIRE from more technically-oriented engineering or management roles in the software space and don’t see many design-related roles. + +I’m currently in my mid-twenties and am making around 120k as a UX Designer in the northeast US with ~250k net worth but want to increase my 9-5 income while also building side projects to generate passive income streams and invest in real estate/index funds. + +In the past, I’ve done a lot of freelance work and also started my own agency but decided to step away from that because it wasn’t very sustainable while working a full-time job and also don’t think it’ll allow me to make enough to replace the amount I make from my full-time job. + +My goal is to be financially independent by age 30 and then continue to grow my nest egg until 35-40. However, I’m not sure what career advice others have to increase my earnings as I feel like the design industry caps salaries at a lower ceiling compared to engineering or management roles. + +Any designers here who have fatFIRED or any advice for someone in my situation? I eventually might want to go into management (MBA) and am not sure if others would recommend that path or another. +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? +Hey, /r/personalfinance. I thought I'd update you guys on my progress so far. + +Original post: https://www.reddit.com/r/personalfinance/comments/324bfp/i_have_just_won_about_us100000_in_a_law_suit_i/ + +Like many of you suggested, I hired professional help. I can't really thank you enough for the advice. He has been great at helping me invest my new money and even greater at helping me manage my personal finances so I can get through the month on my salary alone. + +I spent about 25% of the lawsuit money in the past 4 months, but I've managed to get ~9% back so far. Hopefully, by the end of the year I'll have restored it and will be able to keep growing my funds. I'm also spending ~20% less than I did, I have created an emergency fund (which I didn't have) and I'm finally being able to save some to travel abroad with my fiancée. + +On the personal level, however, you have advised me not to tell people about it. Well, it's a pretty small city, the court records are public and people talk a lot here. I don't think I disclosed this information in the previous post, but I sued my previous employer, so most my colleagues heard about it from the inside, and most already know I won (and how much). Fortunately, most people haven't really tried anything (so far), besides one sleezy uncle. I just told him I had invested it all in a long-term fund and that I couldn't withdraw even if I wanted to. "Sorry". He seems to have believed me. He'll probably ask again in a few years or so, and I'll have to tell him 'no' again, like most people in the family already have. He's known for asking for loans and not paying back. It's kind of his thing, and I don't think he takes it badly when people decline anymore. And to be quite honest, I don't really care if he does. + +To the curious: I did buy a better (yet not expensive) mattress, refurnished some things that were way past due (including the TV - I bought a simple 32'' dumb 2D and a chromecast, they cost me ~US$300 - expensive, but it's Brazil, everything's expensive), but I did not buy a car. I have payed my student loans plus some credit card debt I had. All of this cost me ~25k from the 104k I won. My savings account is currently sitting at ~89k. Hopefully I'll end this year with 100k. + +Overall, I'm just updating this to thank you for pointing me in the right direction. I had never really liked having money as much as I liked spending money, but things are starting to change. For once I feel like I can have a nice future. +[SOH article here](http://slopeofhope.com/2016/05/eighty-thousand-percent.html#more-56712) + +Think about these type of unknown stocks when your thinking of investing in FB or AAPL or other well knowns. +Edit to add: I am NOT in the US. + +I got an eviction notice from my landlord as she wants to sell the property. So I checked my credit score yesterday using moneysavingexperts credit club. Just to see what it is before looking at new places. + + +61 + +Out of 999 + +I didn’t even know you could get that low. + +If you don’t laugh you’ll cry. Just needed to share with people that understand the struggle. + + +Edit: +Also not being evicted, tenancy is ending and I’m being legally asked to leave au age can sell. Wasn’t aware there was a difference. Sorry for the confusion. +These valuations are insane. I’m making money but I’m just throwing money at things. Bears are extinct at this point. I miss the bear doomsday tinfoil cap dd +I am interested in how other fatties secure their FAT accounts. + +I already have unique passwords and use 2-factor authentication where a code is sent to my phone to log in, but I've heard that this can be relatively easily hacked (I do not know if it's true or not, but ...) and it can also be problematic when outside the United States, which for me is an issue (although some of those problems can be solved with Google Voice, but that too can be hacked). + +Another option is a physical security key. One of my brokerages (Vanguard) allows for "[Yubico](https://www.yubico.com/)" security keys, but I worry about that too insofar as you can still access a Vanguard account with a 2FA code (without the key) and none of my other brokerages (e.g., Fidelity or Schwab) seem to support that type of security key (or any other). I also worry about losing the key! + +Maybe there's nothing more that can be done, but if any of you have any thoughts about securing your accounts I'd love to hear them. +The number of posts/comments I see saying “they can’t raise rates, they have to pay their debt, people still need money” are ridiculous comments to make. First of all, current rates are only applied to newly issued debt, not the entire fucking deficit. Secondly, people can still finance they just need to be more careful/ prepared. And lastly, inflation devastates the lower/ middle class to the point will it start to effect crime, employment, politics, and bottom lines. Inflation is a nightmare and the fed is shaking in their boots hoping their soft landing works but I fear that once they realize inflation has ran away, even bigger hikes will be coming. + +TLDR: the fed can and will have major hikes because inflation is devastating and here to stay. +So as the title reads I’m semi new to holding my money in a place thats not my credit union accounts. I have 1,000 in my Ally but I still keep my majority portion in my account. I’m aware Ally is insured as well. I want to get to the point of transferring the majority to Ally and keeping 1,000 in my regular account. Is this a smart move? Has anyone experienced issues or hiccups transferring to Ally or other HYSAs? +My wife and I both work full time with 2 kids in our mid twenties. I make $74,000 a year + $5,000 bonus as a marketing consultant. I also have a 9% 401k match. My wife makes $42,500 + $8,300 bonus as an elementary teacher (she can also earn another $5,000 a year for teaching summer school). I also have a side hustle I’ve done for a few years that generates another $10,000 a year. In all, we will make a little over $140,000 this year once we get our yearly raises. + +I feel like we both could be paid more. For my wife it would take a career switch, for me it would just take some work applying. We live in a LCOL part of the country and our biggest expense is daycare at $1,130 a month, even with owning a 1300 sq foot house. In a non bonus month, we take home a little over $9,000 and of that no more than $4,000 goes to expenses. On average we put $1,053.11 per my paycheck into my 401k (including match, 26 checks a year), $1,000 into Roth IRAs (maxed both since 2018) and at least $2,000 into taxable accounts. Our oldest stops daycare in May, so our free cash flow will increase by $550 then as well. + +I feel like any job one of us got would only increase our savings, not our life style, and we already save over half of our income. Should We strive to leave comfortable jobs for a higher salary if we are doing well financially? +Hello everyone. I would like some advice please. + +My job makes $9.00 an hour. My aunt wants me to ask for a raise, however, I don't feel it would be right to ask for one. For several reasons. + +One: A lot of people are unemployed right now. It's incredible I still have my job at this moment, and I'm what would be considered an "essential worker". If I lost my job, there is no guarantee I would get another job. + +2: We are in a pandemic and while there is a vaccine being created, there is no telling when society will be back to what is considered "normal". + +I plan to ask for a raise when the vaccines are fully developed and my state says it has a vaccine at the ready. + +Edit: I am disabled and if my pay is too high, that means I will no longer qualify for Social Security benefits. + +Thank you all and stay safe. +Hello Friends, + +I am a 36 year old (M) married to a wonderful 29 (F) looking for advice on repaying student loans and investing/diversification. My wife is currently earning 155k a year working a tech startup and I am a lab manager at a biotech making 75k, so a combined gross of 230k a year is what we are working with. I have a student loan debt from my time at university totaling $28k. We also have $4k in CC adding to $32k of total debt. We have $56k in our savings account, $67k in a IRA, $54k in equity from a company my wife used to work for and $14k in a 401K. All that adds to $194k. We are not financially savvy by any stretch and do not really know where to go from here regarding using what we have in savings to pay off student debt and making further investments. How should we diversify and how large of payments should I be making towards my student loans? I am currently making the minimum payment, and we have ~$3.5k in monthly expenses not including the student loan payment (~$250). I have recently started looking into P2P lending investments and Realestate notes through Fundrise. Are these types of investments advisable giving our current standing? Any advice would be appreciated - hoping to buy a house someday! Thanks! +Situation: + +33 year old, married, no kids. Have \~$90K in HYSA (saving for a house), \~220K in Roth TSP, Roth IRA and V-Guard Brokerage account (all index funds) + +My Aunt passed away and Uncle gifting me $500K over 4 years. Two increments of $50K each year until the full amount has been transferred. + +Question 1 - I dont have to pay taxes on this "gift" right? my uncle will have to pay the tax (i think) + +Question 2 - with the housing market going nuts does it make more sense to wait to buy a house or should i use the money to pay the a larger majority of the down payment or just put it into IRA and brokerage accounts and act like I never got it. + +Thanks +TL;DR: Jim Hines is a sleeze-ball politician, happy to use a tragic story to push a false narrative. Alex Kearns, was a victim of RobbingHood's ineptitude, and not a helpless retail trader, in over his head. The facts tell a different story, Jim! + +&#x200B; + +So I know after today's hearing, there is a lot for us to be excited for & pick apart. But as we're all waiting for the more wrinkled brains to figure it out & let us know (*ahem*, u/atobitt, we're all patiently waiting for part 2...), I wanted to bring attention to something that bothered me today & clear up part of the story of Alex Kearns, who representative Jim Hines so humbly invoked to push an agenda. + +I'm going to be calling Jim out (a lot) in this post, but I'm not trying to be political or anything. Jim is just a shill & deplorable human being. + +\-------------------------------------------------------------------------------------------------------------- + +During the financial services hearing today, in the context of whether or not restrictions on options or leverage for retail investors need to be implemented, rep Himes threw in this comment... + +&#x200B; + +>I don't need to remind the committee that we all know the story of Mr. Alex Kearns, who took his own life because he traded in some fairly complicated options strategies and discovered that he had created a liability for himself that he had not anticipated... + +&#x200B; + +Do you, Jim? Do you really know? Because I don't think you do! I think you're a shill, using a tragic event to push FUD. Lets break down that statement quick... + +* He traded in fairly complicated option strategies: **False** +* Created a liability for himself: **False** +* That he had not anticipated: **The only thing he didn't anticipate is his broker being a pile of garbage** +* We all know the story of Mr. Alex Kearns: **YOU DON'T** + +&#x200B; + +Before providing more commentary, I'm going to present the actual story & break down some numbers. + +\-------------------------------------------------------------------------------------------------------------- + +# Alex's Last Trade + +**According to MotherJones** ([https://twitter.com/BillBrewsterSCG/status/1273292130769932288](https://twitter.com/BillBrewsterSCG/status/1273292130769932288)): + +>Alex opened his RobbingHood account as a senior in high school, investing about $5,000 saved from birthdays, a lifeguarding job, and gifts from his grandparents. By the time he was a college sophomore, he’d tripled it. +> +> But unbeknownst to anyone who knew him, Alex had begun trading high-risk \[*that's opinion*\] financial instruments called options. +> +>\[On Friday Morning, an email\] came in a little after 3 a.m., warning Alex he had just five days to deposit [$178,612.73](https://www.documentcloud.org/documents/20689151-kearns-v-robinhood#document/p3/a2030745) to begin settling the trade. +> +> He’d thought the losses on this trade were capped at $10,000. +> +> RobbingHood [did not provide](https://www.documentcloud.org/documents/20689151-kearns-v-robinhood) any obvious live customer service phone number. + +&#x200B; + +**Source**: [https://financhill.com/blog/investing/what-happened-to-alexander-kearns](https://financhill.com/blog/investing/what-happened-to-alexander-kearns) \- From the article: + +>He took a screenshot, which was later recovered by his family that reflected a cash balance of ($730,165). It seems **Kearns believed he had incurred sudden, massive financial losses.** +> +>Noting that he had neither requested nor authorized margin trading, Kearns was stunned to discover that such a loss was possible. According to a family member, [a note written by Kearns just before his death](https://twitter.com/BillBrewsterSCG/status/1273292130769932288) said, in part:  +> +>*“How was a 20 year old with no income able to get assigned almost a million dollar’s worth of leverage? The puts I bought/sold should have canceled out, too, but I also have no clue what I was doing now in hindsight.* +> +>*There was no intention to be assigned this much and take this much risk, and I only thought that I was risking the money that I actually owned. If you check the app, the margin investing option isn’t even ‘turned on’ for me. A painful lesson.”* +> +>**Kearns’ death is a tragedy in so many ways, but nothing is more discouraging than this: Kearns didn’t owe $730,165.** +> +>In fact, he had a balance of $16,000. **Based on the experiences reported by a number of users it seems that the large negative balance showing in Kearns’ account was likely only temporary – not a balance owed**. +> +>It seems that the amount was probably off due to the time it takes for underlying stocks to settle. + +*(The article goes on to speculate that Alex had been dabbling in Bull Put Spreads)* + +&#x200B; + +**Suicide Note & Final Balance Source**: [https://twitter.com/BillBrewsterSCG/status/1273292130769932288](https://twitter.com/BillBrewsterSCG/status/1273292130769932288) + +>*Fuck Robinhood* + +*(Yes, those were some of his last words....)* + +**RobbingHoods Automated Replies**: [https://www.cbsnews.com/news/alex-kearns-robinhood-trader-suicide-wrongful-death-suit/](https://www.cbsnews.com/news/alex-kearns-robinhood-trader-suicide-wrongful-death-suit/) + +>In response, he received an automated message: "Thanks for reaching out to our support team!" The email said, "We wanted to let you know that we're working to get back to you as soon as possible, but that our response time to you may be delayed." The company assigned him a case number, **06849753**. +> +>The day after Alex took his own life, Robinhood sent an automated email suggesting the trade had been resolved and he didn't owe any money.  +> +>"Great news!" The email read, "We're reaching out to confirm that you've met your margin call and we've lifted your trade restrictions. If you have any questions about your margin call, please feel free to reach out. We're happy to help!" + +*(Fuck RobinHood)* + +\-------------------------------------------------------------------------------------------------------------- + +# Alex's Star Burned Fast but Bright + +Deplorable Jim Himes (and most media) implies that Alex was a retail trader over his head & as a result of bad investing found himself with a huge liability. Well Jimbo, the numbers tell a different story... + +*(please note, I'm not trying to argue that an 18/20 year old with $15k to their name should be trading millions of dollars of options, any reasonable broker that gave half a shit would have stopped that way sooner!)* + +From the above articles... + +Alex's initial balance (18 years old): \~5k + +Alex's final Balance (20 years old): \~16k + +2 year return: **\~11k (\~220% profit)** + +That's an impressive start! + +Unfortunately, the exact details of his final trade are not public - probably because this story only gets worse for RobbingHood when everyone finds out that Alex made money on the trade. ANYWAYS... based on the information provided by his family, we can put together some key information. Here's what we know + +* **He "tripled" his initial 5k investment - 15k** + * *(This was actually from the above quoted MotherJones piece. I couldn't find another source for this, but I'm inclined to believe it. 5k was the minimum investment requirement on RH in 2018 for margin & gold. And if he was playing with bull options in a bull market, i.e. 2018-2020, tripling is actually reasonable)* +* **He had no income at the time**, he was a college student - in other words, the money he was investing, was the money from that (***tripled***) initial investment. He wasn't dumping every cent he had into RobbingHood. I really think Alex was a smart, risk-averse kid. So it makes sense when MotherJones speculates he thought his loses were capped at 10k +* **Margin was turned off** \- See? Smart, Risk Averse. He could only invest & lose what he had in his account. We've all seen the people do stupid stuff on RobbingHood (GUHHHH), but keep in mind that those are really extreme situations. And as awful as RobbingHood is, they have risk limitation protocols. (Just to see, I've tried doing some dumb shit on RH & it really does stop you if you don't have collateral) There is no way that even RobbingHood would let someone with 15k in collateral post a potential $730k loss trade, the system would reject it +* **Alex thought the puts he bought/sold should have cancelled** \- They did, Alex :( +* **His final balance was $16k** +* **Alex did not owe RobbingHood $730k, he did not owe them $178k, he owed them NOTHING** \- His margin requirement was settled Monday, restrictions lifted. For those unfamiliar with options, the timeline of these event indicate/are consistent with a strategy called 'spreads.' Spreads have two parts called 'legs,' typically one leg provides a credit, the other a debit. In Alex's case, he did his research & set up his spreads to limit his potential loses and cap his potential profit. + +Given all this, we can deduce that whatever his trade was, he only put up $10k as collateral - his profits from 2 years of investing! His final balance was $16k, a net gain of $1k, or a 10% profit on the trade. + +&#x200B; + +\-------------------------------------------------------------------------------------------------------------- + +&#x200B; + +So, in looking for some actual details & hard facts on this story, I noticed something concerning. If you just google 'Alex Kearns' the stories all have the same narrative. Alex Kearns died thinking he owed $730,000, he didn't know what he was doing, just another reckless retail investor in over his head. + +But I think when you actually look into the story and check out the numbers, it's a different story entirely. Alex may have been a little aggressive in his trade, but like he said, he was only risking the money he actually own. He had done his research, he knew his trade. His only mistake, was having a shit broker that doesn't answer their phones, or even have one... Literally, all someone had to do was pick up and answer a phone call and this kid would still be here. + +So JIM?! Who and what do retail investors need protections from?? Do we need to be saved from ourselves, because we cannot figure out how to limit our potential risks? Or do we need protection from predatory brokers that aren't even required to have a god damn phone?? + +Go fuck yourself Jim Hines + +&#x200B; + +\-------------------------------------------------------------------------------------------------------------- + +&#x200B; + +>The company assigned him a case number, **06849753** + +My floor is $6,849,753 +Fuck this, way too much FUD/obvious misunderstanding about that Burry tweet. If you think that tweet is him saying he is bearish on our current long positions. You are wrong. Full stop. He ended is fucking tweet with #GMEshortsqueeze. There was no reason to do that other than affirm he thinks the squeeze is still on. + +Reposting an earlier rant. + +GUYS THE WAY I’M READING THIS BURRY TWEET IS THAT IT IS FROM BACK WHEN HE ENCOURAGED GAMESTOP TO DO A SHARE BUYBACK AND WAS ONE OF THEIR LARGEST INSTITUTIONAL LONG HOLDERS. THEY DID AS HE ASKED, RC VENTURES GOT IN NOT LONG AFTERWARDS, THEN DFV AND JANUARY BROUGHT ALL OF US HERE. THE REST IS HISTORY. + +WHILE ALL OF THIS WAS TAKING PLACE KENNY BOY AND THE SHF’S WERE MASSIVELY INCREASING THEIR NAKED SHORT POSITIONS. + +HE’S SAYING LOOK AT HOW SMART YOU WOULD HAVE BEEN TO GO LONG ON GME BACK THEN. THE UNSAID IMPLIED SECOND HALF OF THAT IS “HOW FUCKING STUPID WOULD YOU HAVE TO BE TO GO SHORT ON GME AT THIS POINT”? + +Then #GMEShortsqueeze + +I READ ALL OF THAT AS A MASSIVE SIGN TO US WE ARE AND HAVE BEEN ON THE RIGHT PATH. BULLISH AF. Just keep holding 🦍♾🚀 + +Someone more wrinkly correct if you have another interpretation pls + +Edit for links: this was his tweet yesterday https://twitter.com/michaeljburry/status/1437099210185138177?s=20 + +Nvm I got it: + +https://twitter.com/michaeljburry/status/1437454770130718722?s=20 + +https://twitter.com/michaeljburry/status/1437461884593061889?s=20 + +Those are his two from today. This man is trying to tell us to HODL till it all comes crashing down, the squeeze is playing out all around us right now, and you can’t tell me otherwise lol +I'm trying out [polygon.io](https://polygon.io) and deciding whether it makes sense to subscribe to that $199/mo option for historical options data. I hope not to subscribe for much longer than a month. + +What I worry about is how much data can I download in a month. A single call to an endpoint like /v3/reference/options/contracts receives 10 contracts. SPY probably has some 60K contracts a year. And the endpoints to receive bars take even more repetitions. There are far too many option contracts, which translates to millions of API requests. + +Their feature says "unlimited API calls". But when subscribed, can you use multi-threaded simultaneous downloads? And if so or if not, how much data can you download in a month? + Hi. Half a year ago I tried to combine my main job as a data scientist and my hobby, trading on the stock exchange. I do it in my free time. + +My idea is to create one single model that can be applied to all stocks on the exchange. After all, if you look at the history of prices, it is difficult to understand what kind of company it is, what its capitalization is. The price repeats itself fractally in different ranges of 1minutes or 1hour. + +How do I do it? I'll try to tell you. Hope you can give me your advice. + +&#x200B; + +[High-level architecture](https://preview.redd.it/xqat87vjzcv71.png?width=1026&format=png&auto=webp&s=8ea66c7d5a4470296ca7ead7559c48b1087daf01) + +My broker has an API to get the price history. I got 5minutes price history for 1700+ stocks from 01.01.2019. + +In order to remove the influence of the price, I calculated the value of the moving averages of various periods and divided the resulting values ​​by the price value in order to normalize the indicator values. In total, more than 50 values ​​were calculated. + +Next, I marked each candle with a potential outcome, as written in Advances in Financial Machine Learning by Marcos López de Prado. I used the triple barrier method. + +&#x200B; + +[Triple barrier method from MARCOS LOPEZ DE PRADO books](https://preview.redd.it/9qjodov92dv71.png?width=563&format=png&auto=webp&s=5ecc3e2d33b863658a14bc8b9fe4dceb872db69f) + +The values ​​from price to stop loss and take profit are the same and equal to 150% of the average movement of the stock from the opening price to the closing price. That is, the expected profit depends on the price of the instrument. My broker's commission is 0.05% and I need to have a win rate above 52% to make a profit. + +But my attempts to train a single model have not been successful. + +How do I understand this? On the deferred sample, which is 1.5 trading months of the last history, I select the threshold. I gradually decrease the thresholds and look at the ratio of True Positive to False Positive. If this ratio is greater than 1, then the model should potentially outperform the market. + +But the result is not comforting. In general, the TP / FP ratio is less than 1. To create models, I use Lightgbm with a sequential division of 11 folds, taking into account the time, in order to avoid leaks when mixing. + +&#x200B; + +[Multimodel confusion matrix](https://preview.redd.it/fpsb1jxo2dv71.png?width=268&format=png&auto=webp&s=af45075a9d19ec6ee863b93dcb16eaf53d43b086) + +In general, the experiment failed, like many other experiments. + +But for the sake of interest, I tried to train not 1 model, but a model for each stock - 1700+ pieces. And it is surprising that there are \~ 100 shares here, for which the TP / FP ratio is> 5. + +&#x200B; + +[IBN share confusion matrix](https://preview.redd.it/k3irbpct2dv71.png?width=271&format=png&auto=webp&s=f21a68b7254f1d4c44e3516d33831422dc96763f) + +Now I have launched these models on the stream of quotes from the broker to see the trading result live. In just 2 weeks, I received 146 trades, of which 86 were successful, that is, win rate is 58.9%. Now I continue to collect statistics. Such statistics show that the problem of forecasting the market as a whole is being solved. The market is ineffective and you can make money on it using technical analysis and machine learning. + +&#x200B; + +[Two weeks result](https://preview.redd.it/e51sn36w2dv71.png?width=1920&format=png&auto=webp&s=b06afca013a7d29464337ed4de326d6948c4047c) + +&#x200B; + +This is a partial success. It seems to me that training 1,700+ models every week is a bit overkill. + +But why does a single model perform worse? In theory, more data in the training set allows you to find more complex patterns. I tried to tune the models, change the set of technical indicators - to no avail. + +Please advise which direction to move on or some advice. +TLDR: £32k salary, don’t think I’m stupid with money, but I can’t see me supporting a family and having a comfortable retirement. Why? + +&#x200B; + +I am very sorry for such a long post. I am very anxious about the replies I’ll receive as I’m simply lost and I’m expecting people to be like “you idiot!” but I’m genuinely just completely lost. + +In answer to my TLDR you must be thinking “well clearly something’s going wrong.” And that’s exactly how I feel! I genuinely don’t think I’m stupid with money, I feel like I’m okay, but I don’t see a future where I have any kind of safety net. + +I am 31, in engineering. I only started my career three years ago as I messed around a lot in my teens and early twenties before deciding to go to Uni for 5 years. + +I make £32000 a year and after deductions I take home £2000. I have no debts bar student loan and do not use a credit card. + +My partner (\~26k) is in a similar position to me. + +Each month I put in 5% of my salary to my pension, and my employer matches and doubles, so I have 15% going into my pension plan each month. This has now reach £11,000 I believe. My partner is in the civil service and so has a \*good\* pension. + +I have £2000 in cash that acts as an emergency fund, and I feel this is too low. + +I have £14,000ish in a LISA that I top up consistently every month to ensure I hit the max £4000 a year. My interest rate is 0.35% and is paid annually so I don’t bother doing it in one go. My partner is the same here just with a lower total amount. + +I own the household car outright, that costs a total of £300 to insure both me and my partner annually. + +Last year I started ‘investing. I have \~£1200 in my Trading 212 account and I put in £100 a month. + +We live in a Rent to Buy scheme. We pay 80% of the market rate of rent for our house with the idea being that we put the 20% away for a deposit. At the end of 5 years (now 4) we can purchase the house. Our rent is £680. Our bills seem reasonable – lookaftermybills told me I might as well just tick with what I’ve got. The house was valued at the start of the scheme at £220,000 and is a new build 3 bedroom. (this could be a whole thread in itself as we have a great deal and freedom to decline etc) + +Last month I was fed up of not knowing where my money is going so I charted it all. In a rounded summary, of that £2000: + +23% on Rent and Bills. + +25% on Savings / Investments + +20% on Food (essentials, takeaways, work lunches, coffee \[which came to a total of <1%, so no “skip the lattes!”\]) + +7% on Car (Fuel, MOT, some one off cleaning/maintenance) + +10% on ‘Other’ (gifts, one off non-recurring purchases) + +15% on my hobbies (I am actively trying to cut this down) + +I am trying to cut down on my hobby of collecting Trading Cards. Judging by my username you may be able to guess what… It’s a long standing hobby and I have it as both a diversification investment strategy and from a personal satisfaction point of view. A decent portion of my networth is tied up in this, but I do not count it as at the end of the day, it's not liquid. + +So here’s my real worry. When I extrapolate my expenses, over the course of my career, taking into account positives such as possible salary increases, consistent saving, optimising mortgage (15 year with some overpayment seems best for me?) and consistent stock market growth, and then taking into account inflation I can safely retire at…. 70. Oh. 70? After all that? Well at least you’ll have some money – yeah enough to last me 20 years if that… and that’s assuming I haven’t raised a child or two, that me and my partner haven’t gotten married, that we never bought a new car, that we didn’t move house, that we never went on holiday. + +Don't get me wrong, I'm extremely fortunate to love my job and I don't think I would want to retire early, but that just doesn't seem right. What the hell am I doing wrong? Please can someone point at those percentages and say “well there’s your problem bud!” I don’t feel like I’m being silly, I don’t feel like I live a ‘luxurious’ life at all and yet I’m on a better salary than most and I’m apparently just going to scrape by as a pensioner? + +I am getting very stressed out by this prospect and am considering having to start side hustling etc. I don’t want to be rich – I just want to be able to have a family and know I can support them. Any help and advice is sincerely appreciated. + +&#x200B; + +edit: Thank you for all the advice and kind words guys. I wasn't fishing for compliments or reassurance, so to get it is a really pleasant surprise. + +The main issue you guys seem to have is Food, and I think that's completely fair. So much so that this evening driving home from work, I stopped at the Co-Op and bought some chicken breasts and bread rolls to make into nice sandwiches. + +As for my hobby, I will still try to cut it down, and occasionally splooge when I want to. I have over a decade collecting behind me and almost all of the 'investment' purchases I make end up increasing in value significantly - but as many of you have pointed out, I might feel more secure or free knowing that money was working towards something more liquid and less speculative. + +As for work, many of you have suggested I move away from my company when I feel I am worth more. I am absolutely open to doing this, I just do not believe the time is right, right now. I think the next year should make up my mind on the company's future direction, and within the next two after that I'd be chartered and actively be pursuing promotion to senior and chief positions. I know if my company can't offer what I want/deserve I will leave. + +Lastly a couple of people have picked up on my anxiety - I do actually suffer from anxiety and chronic depression, but please do not worry. I have built up tools to deal with this over years and am more than happy on my medication, and I have an extremely supportive network of friends, family and colleagues. + +&#x200B; + +Once again, a sincere and genuine thank you to everyone that commented and took the time to write to me - I know this was just a post on Reddit but it's seriously helped me. +So my partner is moving in with me. He's actually been in the house with me almost full time (at least 5-6 nights a week including doing all his washing here) for about 7-8 months. This is making it official and bringing in all his stuff. + +Because my parents died young a couple of years ago, I own my house outright (inheritance & they had life insurance). I'm not sure what the usual situation is and I don't want either of us getting screwed over. We'd like a few different opinions to try and work out something fair. + +* Money is tight for both of us + * I (27F) have a little in savings for emergencies on the house, but aside from that I life of a £750/month student stipend at the moment. I have no debt. + * He (27M) has a decent job but a lot of debt (post-grad debt, as well as student finance). He should be debt free (aside from student finance) in 1-2 years depending on how aggressively he pays it off and how his job progression goes. He's currently in a house share with family members where he pays £300 including bills so he's not got a lot of outgoings (I'm estimating it's probably £120 bills/council tax/etc and £180 rent but idk for sure). +* We will be splitting all shared bill (utilities, internet, netflix) (approx £80 a month each though we're trying to reduce this to maybe £70/per month) +* I will continue paying things like ground rent, management fee and insurance on the house. (approx £70 per month) +* I don't pay council tax so he will be paying the 75% of council tax for sole occupancy (approx £85/month) + +I'd like for him to pay some rent for the following reasons: + +* establish a tenancy to avoid him having any claim on the property +* Pay for increased wear and tear on the house and things like washing machines, fridge etc. Everything is getting used at least twice as much. I don't want him to pitch in for any repairs, instead I'd like to have the rent pot to use for anything that needs fixing. Obviously this isn't a huge amount that's cause by him but I'm also scared of getting screwed over. + +&#x200B; + +I'm thinking £40/month in rent. Is this ridiculous? We're both massively out of our depth in trying to work out something sensible. I have no one else more experienced to ask (no family). + +&#x200B; + +&#x200B; + +Edit: Am I really that much of a sucker for being unwilling to make a huge profit of my partner? I lived here alone without any thought of renting out part of the property before I met him. Doing so now at market rate seems ridiculously profiteering. I'm trying to avoid a ***loss*** to myself, not make a huge profit. + +&#x200B; + +Edit 2: Thanks for everyone's input. I wasn't expecting this thread to get nearly this much traction. It's been interesting and has given us lots to think about. I forgot to add "!thanks" to replies that were helpful/interesting so will do so now but then I'll take a break from this thread to discuss this with my partner this afternoon. I'll check back later tonight though! +> Hey there /r/PennyStocks! I'm a YouTuber with ~45k subscribers and I run a research-based stock DD channel. **In observance of Rule #2 on this subreddit's sidebar, and out of respect to the moderators and community here, I am not going to include a link to my channel.** I'm covering MMEDF/MNMD this week on my channel, and I have included a synopsis of the video here, including my SWOT Analysis. Let's have a good discussion! + +**$MNMD (*Uplisting to Nasdaq on April 27th, currently $MMEDF on OTCMKTS*)** + +**PPS** $4.69 + +**Mkt. Cap.** $1.53B + +**Shs. Out.** 326.13M + +**Shs. Flt.** 286.28M + +(*Source: Yahoo Finance, 2021/04/27 @0230EST*) + + +>At long last, Mind Medicine Inc. (MindMed) is getting uplisted from the OTCMKTS to the Nasdaq under the new ticker $MNMD. MindMed is a pre-revenue, clinical-stage pharma company that is undoubtedly the best pure-play in terms of psychedelics. Boasting international research collaboration and an extensive pipeline, this company is nothing if not novel and exciting. Its leading products include 18-MC, a safe Ibogaine derivative that can be used to treat addiction, and non-hallucinatory LSD Microdosing for the treatment of adult ADHD and anxiety. With a TAM far north of a conservative $30B, this company has a bright future. What’s going on with all the dilution? Why did the CEO and co-founder recently dump 56% (*Source: Simply Wall St., 2021/04/26*) of his shares? Is this actually a good investment? + + +***SWOT Analysis:*** + + +**Strengths** + + +* First-mover pure play in the psychedelic pharmaceutical space. + +* Social media and retail driven with retail investors holding over 93% of the shares outstanding. + +* The war on drugs has officially ended and sentiment is more positive. + +* Extensive pipeline with LSD Microdosing, 18-MC Ibogaine derivative, and many others. + +* Minimal side effects of psychedelics; non-addictive. + + +**Weaknesses** + + +* Clinical stage company dependent on investors. + +* No revenue, no income for 5+ years to come. + +* Share dilution pending (CA$500M Shelf). + +* Entire pipeline is based on Schedule-1 illicit substances. + +* If first drug fails to gain FDA NDA in the future, casts doubt on the rest. + + +**Opportunities** + + +* Insane TAM at probably well over $30B. It’s tough to gauge the true TAM with mental health issues being under-reported. + +* First-mover reputation and recognition. + +* Novel treatment paradigms with psychedelics. + +* International collaboration across US, Canada, and EU creates a wider net for possible approvals (even if conservative US FDA does not approve treatments). + + +**Threats** + + +* CEO and co-founder recently dumped 56% (*Source: Simply Wall St., 2021/04/26*) of his shares. Negative public perception from this. + +* Always the possibility of funding issues if there are delays. + +* Legal hurdles not being able to be overcome. + +* Time is money. The timeline for this company is very, very long. + + +>The full, 31-minute DD can be found here on my YouTube channel. Again, with respect to Rule #2 of this subreddit, however, I'm not going to share the link here. Thanks for your attention, happy investing! +All you hedge fucks, society is crumbling. It’s time to cut the shit and pay out so we can get to work fixing some of this and investing in the future instead of hoarding and siphoning the lifeblood out of humanity. + +Like shits gotta give. Housing prices are out of control, rent is out of control, people are saddled with debt, moral is low. + +There’s no way out. There’s no future. There’s no hope. It’s fucking time. Just let it happen ffs, it’s the right thing to do. +Hi all. + +I'm currently 33 and saving to try get a mortage for a house now that 5% mortages are coming back. I live in West Yorkshire and am looking at houses between 70k to 80k. Any lower and there not that great. + +I come out at 1330 after tax a month. I've done a budget plan and can afford up to around 500 a month mortage payments if needed. + +Is my situation unrealistic? I've lived with parents for 6 years as I got into some debt, no defaults, no missed payment and now have zero debt and a very healthy credit score. That also means no household bills to pay, just rent to parents. + +Looking around I've seen that lenders work at 4 x your salary. Is hoping for 80k mortage unreasonable? Has anyone ever been in a similar situation. I don't really want to rent as even at 500 quid per month the properties arnt that great. + +Thanks for reading. +**\[EDIT: Long story short:\]** If your Coinbase account gets closed and you have some funds (crypto or fiat) on Coinbase Pro, chances are you won’t be able to withdraw those funds right away. They have to manually transfer the funds to your Coinbase account so you could withdraw them. + +**\[Full story:\]** + +I’m a Coinbase Pro user since it was still Gdax and I was a huge fan. + +I’m an active but non-professional trader and I own accounts at more than one exchange, yet, to all of my friends and family who showed interest in investing or trading with crypto, I always recommended Coinbase Pro. About 10 people have opened or are about to open their Coinbase Pro accounts based on my recommendation for their first encounter with crypto. + +Then, a few days ago, I received a letter of ‘gratitude’: **NOTICE OF ACCOUNT CLOSURE**. + +After the initial shock and a normal human reaction to apologize if I did something wrong, to try to find out what was the problem and to try to resolve the issue, I quickly realized, after contacting the Coinbase support, that that’s not going to happen: + +>“for security reasons we are unable to elaborate on our internal decision process”. + +Being a huge fan and a supporter, I was a bit heart-broken. But soon, using my reason instead of my feelings, I made peace with that. I realized that I’ve probably somehow triggered a red flag in an automated algorithm which increased my risk analysis a bar too high and... off I go.In the eyes of Coinbase I was now being viewed as a risk they need to mitigate, not as a desirable user. They don’t hate me - they just can’t trust me anymore. Fine.They needed me to transfer my assets from my Coinbase accounts. + +But when I tried to do that, I was in for another big surprise: about **90% of my assets were gone!** + +BTC and fiat balances were flat-out **zero**. I did have access to some of my other currencies and have successfully withdrawn them. But that was only a small percentage of my portfolio. + +My efforts to find out what happened to my BTC, fiat and some other currencies always gave the same result: + +>“...we are no longer able to support your Coinbase account...”“...we have not blocked access to the balance currently in your Coinbase account...”“... you may still send your balance offsite to an external address...” + +Yes, but **what about the balance that is missing from my account** and it was there before the closure? + +The closest I got was when they replied: + +>“We have transferred your case to a specialist who will be able to assist you with this specific issue.You will be contacted directly as soon as we have reviewed your case.” + +But the next answer was the same generic answer I received before... + +I started to **suspect that my account was breached** prior to closure and that someone spent all of my fiat and stole my BTC. + +I’m totally fine if Coinbase halted my BTC and fiat for the inspection purposes, as it’s written in the User agreement. I’m all for preventing terrorism and money laundering, even if that means that they need to check me from time to time, but **I need to know** that that’s what’s happening, **that I wasn’t robbed** by someone. + +I need to know what currency my funds are being held in, if they are being held, to be able to adjust my trading activities to minimize the losses. + +I also tried to **download the trading reports**, to be able to calculate and pay the taxes, but the button for generating reports on the ‘Close account’ page **doesn’t seem to work**. + +Although I might sound like some big-time trader with money to throw, that is actually not the case. Most of my portfolio was on Coinbase Pro, because I trusted it the most, and it was worth a **few years of hard-earned savings** from my day job. + +I was a big fan but will I stay one - it all depends on how this issue will be handled and, hopefully, resolved. + +**Any help in finding out what happened to my money** and, perhaps, getting my transaction history **would be greatly appreciated**. + +With love, still,rubi510 + +&#x200B; + +**\[UPDATE, some 12 hours later\]:** + +About 3 hours into posting the original post, I was contacted by u/justin_coinbase ([only trust these guys from CB on social networks](https://help.coinbase.com/en/coinbase/other-topics/other/is-coinbase-present-on-social-media.html)) and he offered help. I’ve sent him my ticket # and got a reply about 2 hours later: He assured me that they will investigate what happened and that they’ll get back to me. This gives me some comfort that my issue will be addressed in a reasonable timeframe. I’m thankful for Justin’s help and will now give some time to CB to investigate. I know I’m not the only one who needs their assistance. + +Thank you all for the words of advice, encouragement and support, but also for the words of criticism. I appreciate it all. Will keep posting updates here. + +Much love, rubi510 + +&#x200B; + +**\[UPDATE, about 4 days later (it was a weekend)\]:** + +**Good news!** I received an e-mail saying: + +>"We have moved your \*\*\* balances from your Coinbase Pro account to your Coinbase account. You know have access to your balances" + +And, indeed, **all my money was there** and I was able to transfer it to my accounts on other exchanges and I've sent fiat to my bank. That was a BIG relief. + +At the time of writing my fiat has just been sent so it is still on the way to my bank, but all other balances were successfully transferred. + +**I just wish that somebody from Coinbase support could’ve told me that** my money is inaccessible because it’s stuck on Coinbase Pro and will be available in a few days...Or if the e-mail notification about closing my account was more informative - **they could have saved a week of my nerves and probably a good amount of their time** writing (uninformative) answers to my numerous e-mails while I was panicking about the whereabouts of my money. + +Soon after I transferred all my funds, I received a final e-mail notifying me that my account has been successfully deleted. + +Gentleman or lady that sent me the last e-mail notifying me that my funds are accessible has politely offered to assist me: + +>“Please let me know if I can assist with anything else”. + +So I asked **if I could get the transaction history**, so I could calculate my taxes.Also I asked **if I’m banned for life** or there is a chance for me to reapply sometime in the future. + +**Will post the answers here.** + +Once again, thank you all for the support, advices and constructive criticism and special thanks to u/Crypto-MN who shared his similar experience and offered an explanation while I still didn’t know what’s going on: + +>“This exact same thing happened to me ... while I was at work trading ... I have read your post and the reasoning I believe that you cannot view your funds is because Coinbase Pro and Coinbase Consumer have separate wallets. I am having the same issue.” + +Love, rubi510 + +&#x200B; + +**\[UPDATE, 1 day later\]:** + +I received a transaction history via e-mail, but for the wrong time period. After explaining what I need again, **I received a** correct **transaction history**. So, that’s good. I’ll be able to **calculate my taxes**. + +I repeated the question about the **possibility of reapplying for Coinbase** services at a later point, but received **no answer** about the issue. So I assume it’s a ban for life :-/ + +Dear Coinbase, thank you and good bye. +Good afternoon Apes, + +*\*\*I'm an idiot. None of this is advice. You do you.\*\** + +# I was reading the [Monetary Policy Reports](https://www.federalreserve.gov/monetarypolicy/mpr_default.htm), as one usually do. + +[and McDonalds provides the McFlurry. All is well.](https://preview.redd.it/okiszbnbz7a71.jpg?width=859&format=pjpg&auto=webp&s=eed2fcffbce92142bf8332d96fea3b39f8adbee4) + +# The who-who started the what-what? + +Page 31 of 7/9/21 report discusses **Developments Related to Financial Stability.** + +[Angela is now in charge of the party planning committee. ](https://preview.redd.it/wxkeu4fsz7a71.jpg?width=339&format=pjpg&auto=webp&s=394b7d8fa1ad8778e63051f2164ed4a096902468) + +# [Financial Stability Oversight Council](https://home.treasury.gov/policy-issues/financial-markets-financial-institutions-and-fiscal-service/fsoc) + +>*The Council is charged with identifying risks to the financial stability of the United States; promoting market discipline; and responding to emerging risks to the stability of the United States' financial system. The Council consists of 10 voting members and 5 nonvoting members and brings together the expertise of federal financial regulators, state regulators, and an independent insurance expert appointed by the President.* + +# [Hedge Fund Working Group](https://i.kym-cdn.com/entries/icons/original/000/019/277/confusedtravolta.jpg) + +>*I can't find anything about this yet. \~IDAT* + +# Sausage Recipe: Closed Door Meeting Minutes from 3-31-2021 + +\*\*A closed door session was called to order at 2:02 PM. Here's what was discussed until 3:07PM\*\* + +[ Five hundred twenty five thousand six hundred minutes. How do you measure, measure incompetence? ](https://preview.redd.it/77ur2gpvz7a71.jpg?width=765&format=pjpg&auto=webp&s=9a91101ee03ddf250160b6927d111e2b4c357815) + +# HEDGE FUND ACTIVITIES + +[....continued.](https://preview.redd.it/go6o4fkp08a71.jpg?width=770&format=pjpg&auto=webp&s=b525e7812cdccb98cb013fdfee27d62f5a779455) + +[Fin](https://preview.redd.it/j4w8t5wm08a71.jpg?width=792&format=pjpg&auto=webp&s=1d36479bbd4b1a3b6271d0a402c2ae285a4b9b21) + +# TL/DR Highlights: They know. They're working on it. + +* Hedge funds entered 2020 with higher than historical leverage. +* Some very large funds have high leverage and are highly interconnected with financial markets and banks. +* Some reductions in exposures to U.S. Treasury securities may have been due to hedge funds withdrawing from a specific bond basis trade. +* Lenders to hedge funds face risks even if such lending is secured, because if a large fund, or many funds, suddenly failed, each counterparty may attempt to sell the collateral in unison, and the value of the collateral could decline materially, imposing losses on counterparties. +* Large banks’ exposures to hedge funds through lending and the significance of these exposures relative to bank assets. +* Importance of the [SEC’s Form PF.](https://www.sec.gov/divisions/investment/pfrd/pfrdfaq.shtml) +* Acting Chair of the SEC, provided additional information regarding Archegos, including further detail regarding the firm’s investments and the SEC’s coordination with other regulators +* SEC staff’s presentation was based on newly available data + +\~Semper +I'm seeing rumblings on Twitter that FTX had $1.4Bln worth of Bitcoin liability, and zero Bitcoin assets. + +Am I correct in reading that as those fuckers went and sold $1.4Bln worth of other peoples' Bitcoin? +Many of you probably have no idea about this coin, it is not very discussed here and there is a reason for that, this isn't a pump and dump coin with no use case. The team already has a successful project (WINK) with high market cap and is heavily involved in promoting their brand through sponsoring various orgs such as the NHL, or even CS GO and DOTA tournaments. + +Blink is the partnership project between Wink and Binance, here you have the backing of Justin Sun and CZ and seeing the growth of BNB and TRX and Wink shows you the potential we have. The interesting part about this project is that you can stake your blink coins to receive part of the profits of the casino, which we all know how profitable they can be. + +In the Binance accelerator program, Blink was their number 1 investment, receiving part of the 100 million dollar grant. (look it up yourself I can't post the link here) + +Now the whitepaper itself (page 12) states that Blink will be listed on the Binance Exchange. In the Wink telegram group the CEO said that their nr. 1 focus right now is listing Blink on a ''world class exchange'', we know of course that Binance listings are under heavy NDA. We also know the payment for exchange listing has been transferred, totaling about 750k USD which fits in the 500k-3M price for listing. + +**Moreso, there is a BIG announcement and updated roadmap coming up on Monday.** + +Did I mention the tokenomics for this coin are insane? Circulating supply right now is at about 180 million and market cap is around 24 million dollars (compared to Wink this is nothing) and if that wasn't enough, they are burning tokens too. + +The RSI shows the coin is way oversold at the moment, it was overbought in the past days and right now the correction is done so there is no better time to buy. + +So DYOR and know the fundamentals to see how undervalued this project is right now. + +[https://blink.wink.org/blink.pdf](https://blink.wink.org/blink.pdf) < ------- Whitepaper + +[https://t.me/blinkwinkorg](https://t.me/blinkwinkorg) <----------- JOIN TELEGRAM HERE + +[https://poocoin.app/tokens/0x63870a18b6e42b01ef1ad8a2302ef50b7132054f](https://poocoin.app/tokens/0x63870a18b6e42b01ef1ad8a2302ef50b7132054f) <------- CHARTS + +0x63870a18b6e42b01ef1ad8a2302ef50b7132054f < -------- CONTRACT ADDRESS ON BSC +As per title as Chase now offer 1.5% on up to £250k and if you have £50k in premium bonds with average luck you'll win the equivalent of 1% + +Am I right? + +Edit: +Additional information on why I am asking is, to move my 6months emergency fund, had a few PMs about why I'm not investing. FYI I am I have a S&S ISA with Vanguard FTSE Global All Cap +Transferring a small amount of GME over to Fidelity from E\*Trade. Just got a call from an agent "did we do something to piss you off"? The guy seemed frazzled and curious about the transfer. I told him its a small amount and there might be more to come. Maybe, just maybe they don't even have the shares. + +https://preview.redd.it/27ald9ur8ft71.jpg?width=1486&format=pjpg&auto=webp&s=5d5a496a90f85cd85171ed076a3c2be6e6318f48 + +Edit: the 500 shares transferred today. + +Next stop CS +I think it's a given we're going to see some big moves within the next few days, whether that's up or down we don't know though - bring on the volatility either way. Whilst I have my doubts that we will see the **actual** MOASS (*I'll come back to this*) - I figured I'd write this post now while I can. + +*younger ape here, I'm genuinely a smooth as they come too so bare with me on this one.* + +There seems to be A LOT happening this week and if /u/gherkinit 's futures theory is correct, the SHFs will need to cover 186m more shares before the 17th - My question is, and this might actually be my first ever wrinkle being added here. Why make this so public on websites like Yahoo etc? They know we're aware they might initiate a fake squeeze - yes January was the first but these guys are fuckin nuts - so what if this is to trick us into getting one over on them and selling at around $350-$500 THINKING that it's only a fake squeeze and that it'll drop back down to $120, or maybe even lower. What if them showing the float as a certain amount is to get us to slow momentum as THEY KNOW this week could well and truly trigger the MOASS if everyone continues doing what we do best, HODLING. + +That said even if we do see prices go way higher, I'm talking $7k+ (imo the true value of the stock) - That still isn't MOASS though, so here's some things to take into consideration: If this site doesn't get attacked during the MOASS it will likely be so stressed from the amount of people FOMO'ing in that it'll crash anyway. Expect to be in the dark when this shit happens. It's almost certain we won't be able to communicate here and even if we can, it'll be within an absolute sea of shills. Expect pure psychological warfare, you won't know right from wrong anymore - We've seen this A LOT recently but it's not over yet.. I believe they're still yet to attempt at dividing us like never before. + +Don't jump onto Youtube for advice when the MOASS kicks off either, we don't know that people like Bruce, AndrewMoMoney etc. aren't paid shills. Whilst it seems stupid even mentioning them here anymore I understand some people still watch them. I mean, the fact they love subscribers and donations so much is an obvious sign they could be bought out, right? Don't put anyone on pedestals at all, no matter how sweet you think they might be. As much as it hurts to say, this also means DFV and any mods here. Money can make people weird. + +Discord's might go down too, either way the shills will be out in full force. It's going feel like you're totally on your own, that's how the HF's will want you to feel. But you won't be. Millions of us across the planet will be holding with our diamond balls alongside you. This short squeeze is is going to last days on end so you do not need to worry about missing out if you hold shares. If it goes up to $1k and back down within 24 hours, it's not the MOASS - Mainstream media is going to try and convince you otherwise though. So expect a fake short squeeze, this will be the true test of your diamond hands. **The largest spike will not be the first one.** + +We've spent months and months reading some of the most beautiful DD ever, looking at pure shit tier memes, supporting each other and helping each other learn about the stock. Why? Because we fucking love the stock. Have we done all of this to sell a single share on the way up and for anything under $1k? Hell, $100k? Fuck no have we. We've been waiting for what feels like forever, the floor is in the millions now, but it's coming; we can all feel it. All you need to do is the same damn shit you've been doing since you bought your first share. Just HODL, it'll be hard when you see the stock rocketing into the hundreds of thousands but you can do it. + +I love each and every one of you smooth brain retards and I'm truly going to miss you all once this finally pops off. + +It's been an amazing journey, and whilst I said this in a previous post - In a lot of ways I'm glad it's not quite over yet. It's been the best 9 months of my life! +If anyone has any more things to add, feel free to let me know in the comments and I'll add them here. + +TL:DR: Expect a fake squeeze even though we had one in Jan, buy, HODL and **BUCKLE UP!** +I moved to this country(UK) about a year ago for a job opportunity. Unfortunately there was a snag in some of my requirements and my visa forbid me to work for about 4 months until everything was cleared. If I went home it will take me two years to come back so I decided to wait it out. I was fortunate to find good friends here. Some of them would invite me to dinner while I was unemployed. I sold dumplings to augment my income. My brother also offered to pay for my credit card so I don’t rack up fees and I don’t have to pay him back until January next year. I survived until I got back on my job last October. +My friends are planning a holiday trip jn January and by that time I would have enough to go with them, unfortunately everything needs to be booked in advance and right now I just don’t have enough to do so. They offered to loan me the money but I said no. I’ve decided that I will never again borrow money specially for something I can live without. They are generous, but I’ve decided that for me to get back on my own two feet again, I need to not spend money I have not earned yet. Hopefully this month my savings account can have enough buffer for when the time comes that I have to pay my brother for my debt. +Sometimes, a friend’s generosity can be a form of peer pressure that can sabotage your goal for financial freedom. +The BoE has stated it will restart an unlimited bond-buying scheme until October 14th to stabilise the soaring costs of borrowing as bond yields rise. + + +Sounds like further dovish sentiment from the BoE, as this is just restarting QE? Whether they stick to their temporary assertion is to be seen. +With all of the “Crash is imminent” posts popping up 5-10x daily, I’m wondering what the bullish thesis are out there. + +It seems like it’s been one hit after another of why a crash is coming. + +Dead cat bounce, trade war, election chaos, Accident in the canal, HF over-leveraged, inflation. + +What are the thesis for the bull market to continue for the next 2-5 years or more? I’ve heard several but just trying to learn more as I’m a newer investor. +You guys think that was a crazy bubble? You’ve seen nothing yet! Just wait for these platforms to start maturing, global regulatory clarity, and completed infrastructure advancements on the retail and institutional level. It’s all happening and being implemented now. The next bubble will make the tec bubble of 1998 look like chump change, and the crypto bubble of 2017 look like a grain of sand on the beach. Use this opportunity to accumulate all the best well branded tec projects, and avoid scams at all cost. Accumulate and brace yourselves because you’re about to make history on the biggest bubble in the history of economics. +hi guys, i had been having amazing month of my trading so far until 24th of oct ruined everything. i started with 7000$ in the beginning of month ,took my account to 23400$ and literally lost 10000$ on Monday itself. currently at 16300$. note, i only trade SPY options everyday. out of 13 trades i did this month i lost only 2 , but big enough to blow of my 50% of account literally lol. i wanted to ask u guys how can one manage risk reward properly and consistently grow the account in long term +This is my first time buying an option. I was planning on selling once I reached 50% profit, but I was not expecting to get to 20% this fast. Is this very typical? + +Should I close out and take the 20% win right now and just do another Leap? + +The Stock is SCI, which I think would be considered a low volatility stock. Also not quite sure how to judge that, and would appreciate any insight into how that is determined exactly. -> [https://www.google.com/finance/quote/SCI:NYSE?sa=X&ved=2ahUKEwiU3bzHjvP1AhX9J0QIHb0pAswQ3ecFegQICBAc&window=5Y](https://www.google.com/finance/quote/SCI:NYSE?sa=X&ved=2ahUKEwiU3bzHjvP1AhX9J0QIHb0pAswQ3ecFegQICBAc&window=5Y) +As I said in the post I was suddenly let go with no notice from my job. Companies in the US can of course do that whenever but there is a huge stigma if you’re an employee and quit without notice. Why is there such a double standard between employee and employer behavior? + + +The splividend in my opinion is a warning shot and not the final kill shot. I believe that there will be a secondary kill shot that will destroy hedgies if they do not comply. I'm thinking that either a spin-off of GMERICA or GME Entertainment LLC will happen in the not-too-distant future. This spin-off shares or units will be offered as an NFT on the NFT Marketplace/Exchange. The NFT spin-off shares or units are on the blockchain using Loopring technology and will be tracked on the ledger which makes it impossible to be re-hypothecated. I truly envision this as a possibility. The splividend will give us more shares but this secondary offering is what I'm waiting for. I believe that the spin-off NFT shares/unit will be the final death blow to the SHF and would ignite MOASS. This is all pure speculation and would love a discussion about this. +[https://www.bloomberg.com/news/articles/2018-07-31/think-u-s-tech-is-bad-check-out-tencent-s-140-billion-selloff](https://www.bloomberg.com/news/articles/2018-07-31/think-u-s-tech-is-bad-check-out-tencent-s-140-billion-selloff) +So at the beginning of the month I got a higher than average water bill ($250~) + +I called the city, they came out and fixed the meter (it was flickering between .60 and other numbers, now says 0 unless someone’s using water obviously). + +They said they were going to monitor our water usage for a week or so to see if any abnormal high spikes happened again. After a week I called and they confirmed the problem was on THEIR side and THEY fixed it. + +Now comes this bill which I figured would be absurd but it was $700!! I immediately called them and they’re now saying I need to pay the $700 and they monitor my water for SIX MONTHS to quote “gauge an accurate usage to figure out the correct charge” and then I’ll get my money back in the form of a bill credit. I was shocked. I also have to fill out a form stating the city came out and repaired their meter/pipe and that it fixed the issue. + +Does ANYONE have experience with inaccurate city bills and how to resolve it? I’m finding it hard to believe I need to pay $700 only to have it credited back SIX months later.. + +Also want to mention my family’s lives here at this address for 20 years, consistently had the same water usage up until two months ago when the first sudden higher bill happened. + +Any advice is welcomed and appreciated. +We all know total return is all important but sometimes you just want to bump up your portfolio’s average income yield. + +What stocks do you like with higher yields than SCHD? + +My picks are Realty Income (O), WP Carey (WPC) and Southern Co (SO). + +I feel like these yields aren’t outrageously high and the stock prices aren’t depreciating overtime from the payouts. I’m very interested in other options now 3M and VZ feel somewhat soured. +Hey guys, looking for some help here, im trying to increase my dividend yield to 7-10% and would like to see what you guys can recommend for me to get there so i can then do more research, this is my current dividend portfolio.. + + Portfolio Value - $9,917 + +Dividend Yield - 4.13% + + Yield on Cost- 4.67% + + Annual Income- $410 + +&#x200B; + +BMO- 26 shares yield --4.25% + +ENB- 27 shares yield --7.67% + +REI-UN- 65 shares yield --8.35% ( yield has been cut to around 5% soon) + +T- 70 shares yield --2.19% + +VFV 28 shares yield --1.31% + +ZDI 27 shares yield -- 4.88% + +ZWC 15 shares yield --7.9% +Curious about why people choose it over VOO. + +Even though SCHD's dividend yield is higher, it's consistently underperformed VOO \[1\] + +What do you think SCHD has going for it? + +&#x200B; + +\[1\] [https://portfolioslab.com/tools/stock-comparison/SCHD/VOO](https://portfolioslab.com/tools/stock-comparison/SCHD/VOO) +Hey guys im new here and i wanna get into trading stocks but dont know where to start like apps and stuff or the kind of account to open. Any pointers would be great thanks. +I’m turning 18 this year and I see a lot of people my age doing stock trade and investments and I want to go into it as well but I have no knowledge about it at all. As a beginner when’re can i find out more about this ? +Just received news from my boss that someone in our building has tested positive on the virus and I've been feeling pretty shit for the last couple days myself. I've also been commuting in extremely busy train stations. It's been a pleasure making tendies with you. Greetings from Europe. F for myself. + +Edit: got a message from my dad: "if you really have the virus, don't come here". Thx dad +UPDATE AND EDIT: Some wonder how I can get a car in 2019 with 0% APR when I just to moved to the US with no credits. The car was under my husband’s name. I didn’t get credit score from the car, but through a credit card with my husband. His credit is 820 which is why he could get a car at 0% APR. My credit just turned 760 which is why I am frugal and be careful of spending because I want a house soon for my family! Oh, some suggest me about having a 401K, and yes both of us have it. My husband has more in it, and I have a lot less cause I just started working, but I didn’t include it in the post because I think it won’t matter since we don’t wanna touch it anyway. Anyway, thanks everyone for your suggestions and advice! I appreciate it! 🤍😊 + +Hi everyone, I could use some advice here please. I have been very self-conscious lately because of the car I drive. Should I sell it? + +Before I ask you some questions, let me tell you a little bit about me. I am 24 years old and a new immigrant to the US for about 2.5 years now. I am from one of the developing countries in Asia. My husband is 37 and is also from the same country, but he’s been in the US for about 12 years now. +Although he’s been in the US for quite a while, he’s never had a chance to go to school so his English is okay, but not to the point he can do customer service that’s why he only works at the same warehouse as a team lead for about 10 years. He is a hard working man, and he’s earning $55K a year pre tax. We got married, and I moved to the US to live with him when I was about 21 years old. Yes, young and a bit dumb as well. Like I said, although he’s been here for awhile, he doesn’t know much about America. Both of us are kinda young in terms of the culture and the system here so we don’t have much knowledge about how we should budget or finance things in the US. + +Fast forward, we bought a car at the end of 2019, Toyota RAV4 2019 XLE for $27K with 0% APR and $4000 down payment. Our monthly payment was about $500/month. We already paid off the car a few months ago. We have $25K in savings, and $7K in HSA. We planned to keep $15K out of that $25K for emergency fund, and the rest for the future house down payment. I started working about a year ago because I just got my driver license back then, and I also go to college because I need some education to get a better job in America to help my family. I am also pregnant with my first child which will be due in early June as well which means I will be out of work for awhile. I plan to find work from home job to help with the finance. As of now, our household income is about $65K pre tax (I bring in only $10K because I work part-time while in school). We plan to buy a house in the next 1-2 years if we can with the help from my parents and his parents. All of them are willing to help us with 20% down payment. We’re looking for a house that is around $240K-$250K. We have $10K and our parents will help us $40K to make it 20% down. We are praying the house is not going to keep going up!!! + +I recently started listening to Dave Ramsey videos about money and savings. I have a feeling that we have bought a car that was too expensive. I mean we have paid it off, but maybe it wasn’t a good decision? My husband is a type of man that takes care of his car. He bought a new Camry 10 years ago, and it’s still going strong. He believes in buying a new car so he knows he can take care of it and use it for the next 10 years. With me being young and quite dumb about finance at the age of 21 back then, I didn’t think much and thought getting a new car was good since I grew up seeing my family in my home country who has used cars always brought them to repair shop almost every month. So that was a nightmare, and we agreed to just buy the new Rav4 2019 and plan to use it till it dies. + +So this is where my self-conscious comes to play. I recently go to a church with a lady I got to know at a grocery store. People at church didn’t say anything, but I feel like I’m being judged because I work as a cashier and still in college, but drive a newer car. I am not the type that shows off or brags about my stuff. I buy used clothes from thrift stores, and I’m very careful about the way I spend money. I don’t really eat out, and try to save for my future home. But people at work kinda judge and make fun of me because they see me driving a 2019 Rav4, and still being frugal about money especially when I don’t wanna go to places or shopping when they invite me that I know will cost me a lot of money. + +Since I’m pregnant and will be out of work soon, I also go to a local pregnancy care center which states that it’s for every pregnant women. They offer parenting class that I join every Thursday online which they will give me free baby stuff like diapers, car seat, baby clothes when my baby arrives for my good attendance. Am I wrong for driving a new car and use this free resource? Are free resources supposed to be for low income families? By free community resources, I didn’t mean like Medicaid and Food Stamp. Some people told to lie that I’m single to get Medicaid, but I didn’t do that cause I feel it’s unethical. But I like to look for other free resources that I could use. I mean I use free tax service that is offered by my community college. I go to a pregnancy care center for classes and get some free stuff for my baby so I could save some money. I apply for scholarship so I can avoid paying full for college. I go to free therapy for my anxiety offered by my college. Am I being too cheap? Because some people that go to pregnancy care center with me kinda laugh at the fact that I drive a new car and still join the class for free baby stuff. It kinda bothers me lately because I already have anxiety issue, and there are times that I don’t wanna drive that car to work or pregnancy class at all because I feel I’m being judged and stared at. Like when people ask me about what I will be doing when my baby arrives, I told them the truth that I cannot afford childcare so I will stay home and do online classes, and maybe look for a remote job. Again, they kinda laugh when I say I cannot afford childcare with the car I am driving. I have talked to my husband that we should sell the car and buy a cheap one instead because I don’t want everyone to look at me this way because I do not drive the new car to brag or show off, but I just want to take care of the car and use it for a very long time. My husband said i care too much about what others think of me, and I know I do, but it’s so hard to see the reactions I get when I join free community resources such as free classes while driving a new car. + +If you were me, would you sell the car and keep the money for future house down payment? + +Do you think I am being too cheap? Are community resources like free baby stuff and free classes supposed to be only for low-income family? Is an income range of $50K for a family of 3 considered low or middle class? + +I am sorry it’s a long post, and I may seem like I care too much about what others think of me, but it’s been affecting me emotionally lately to the point that I’m thinking about selling the car and get a cheap one instead. + +Thank you so much everyone! +Have a question. There was a lot of short selling during the financial crash of 08. Understandable, people were betting that the market would crash. What I don't understand is that in order to short sell, wouldn't there have to be another counter party willing to "lend" you their stocks (i.e. betting that the market wouldn't crash) in order for you to be able to short sell? Surely no one was doing this during 08? My question essentially is, by what mechanism could you borrow stocks in such a scenario? Thanks + + +This older, more experienced girl is helping me option trade online. So far, she's made only right calls, and I'm making a net gain (\~30% per trading session). However, she always insists that I send her screenshots of the trades I make, so that "she can be sure I'm doing the right thing". I'm not that stupid, so I make sure to always leave out any info that could ID me (wallet addresses, etc) out of the screenshots, but she still can see how much I'm trading, when I'm trading it etc. Could she do anything with those screenshots to steal the money from me? How likely is it that she's tricking me? + +&#x200B; + +EDIT: As you guys so wisely pointed out, octaprime coin is the hugest red flag that I, being so focused on looking for the scam where it wasn't, pathetically missed. Well, I ended up withdrawing the money without telling her: didn't withdraw. As soon as I told her I did withdraw it, it appeared on my binance account (with a net profit, mind you). So it confirmed I was scammed, but I still ended up not losing money, and even technically getting some from the scammer. Thank you guys for your advice. +Back before this sub was ruined by the influx of 7 million people who think they are making wallstreetbets with the allowance their wife's boyfriend gives them, some real DD used to be done. Now all I see if people asking who is still holding stocks that have been squozed and are running your leveraged accounts into the ground. + +Today I bring you an opportunity to make money once again. The $RBLX infinite money glitch. For those unaware Roblox is set to IPO soon. What does this mean? Unlimited money for your dick implants so you can finally satisfy your wife like her boyfriend does. + +Step 1) Open position on Roblox after IPO + +Step 2) Stock goes up, make money, and use money to purchase in-game currency in Roblox + +Step 3) Absolutely steez out your Roblox avatar, while simultaneously increasing revenue for Roblox + +Step 4) Roblox beats earnings estimates with increased guidance from new revenue and repeat steps 2-4 forever + +&#x200B; + +EDIT: It is a direct listing, not an IPO, however that has no impact on the glitch. Direct listing just removes underwriting from the process. + +&#x200B; + +For those too retarded to read + +https://preview.redd.it/wxg2covnqwg61.png?width=969&format=png&auto=webp&s=52791124c8772a89454ca0fdc4db153d63fb37db +Just a vent. I'm feeling crappy and just need to scream this into the void. I'm a full time student. Suddenly a single mom pending a separation from my husband who I found out was cheating on me with a 19 year old. I just failed my first pre-calc exam and brought my grade from a 77 down to a 40. I get paid once a month and $1300 a month. My husband makes around 5k a month but he isn't living here anymore and and stomach is just in knots. I don't know how I'm going to pay the mortgage. Our electricity bill was almost 200 dollars this month. I have $17 to last me until the 1st of November. I just feel so lost and confused and downright scared + +I just emailed my school about CARES act funds. I don't know how I'm going to find time to take this marketing exam because my 9 month old screams every time I put her down and my 5 year old wants to know where daddy went because when I found the nude photos of the girl he's been messing around with me on, I made him leave. He claims he won't pay any child support which I think we both know is bullshit. I applied for food stamps and Medicaid but I don't know if I'll here anything back soon because Monday is a federal holiday. I've been a stay at home mom for years and my only income was a Stipend due to my husband's total and permanent veteran status - if we divorce, I'll lose that. I haven't worked a job since my oldest was 15 months old. The goal was for me to get my bachelor's and then find a well paying job. But that's all gone out the window. + +I don't know what the fuck I'm going to do. I can't even order a pizza for dinner for my 5 year old for pizza Fridays. My husband told me I can forget about ever seeing my step-daughter who's life I have been in since she was a toddler. I just feel hopeless right now. Someone tell me it's going to be OK and how the hell to get myself together +My Grandfather bought a Gold clock back in the 1950s and is now selling it for £50,000 how will he work out how much tax he needs to pay as he has no reciept/documents of how much he paid for it back then will he just class it as 100% profit and pay 20%? +According to [Marketchameleon](https://marketchameleon.com/Overview/SPY/) (at 2:13 ET on 3/12/21), the IV rank for SPY is 2% which is.... um.... pretty low. + +I found it pretty surprising and just thought I'd point it out for those who hadn't seen. If you're into ATM volatility plays or LEAPS, it might be a good time to buy. + +Cheers. +I feel like everytime I make a trade, I find out that there's an important announcment that will alter the market that happens that, or the next day. And how do you guys go about making longer term trades when these announcements are made so frequently? +Today, Sunday, February 16, 2020, between 8:42-8:44am ET, u/SwineFluPandemic, once a feared moderator, deleted his account. I'd like to take the time to write this post to pay respects. + +During his 3-4 years on WallStreetBets, he helped grow the subreddit to what it is today. He was known for his AutoModerator work, teaching AI to recognize Robinhood Screenshots via TensorFlow (I think), mass banning script, bot skills, and much more. One of his publicly notable works was the WSBVoteBot, which gave three members the opportunity to become a mod by using the bot as a medium for moderating, myself being one of the three. I am forever thankful for that opportunity and am really saddened to see you gone. I might not even be on WSB today without you. Even though we did not chat a whole lot over the years, nor did we see the same way on certain things, I am always here if you'd like to talk/vent if you happen to be reading this. + +Please take care and be well. +- Our minds are not trained to handle small fractional numbers, so when you read a price like "0.0172 BTC", I have to count zero's and do arithmetic to make sense of that number. 17.2 mBTC is so much easier to understand and compare. As a test, go ahead and say the number 15441. You will have no problems. Now say 0.0015441. Good luck! +- $16000 is a lot of money. Of course its not rational, but as a price for bitcoin, such a high number scares people, as they consider $1 or €1 as a baseline and no other currency is denominated remotely like it. mBTC makes it seem more accessible. +- You wouldnt believe how many people dont realize bitcoin is divisible and think its like a share, and you cant buy fractions. Using mBTC helps clear up at least this misconception. + + +Edit: reading the comments, I think we may need another hardfork :p +I checked the wiki, I’m sure this has been asked before, but any reason not to open a furniture store account for 0% finance? + +Looking to purchase about $6k worth of appliances and furniture. Not looking for budgeting advice, but we’ve got the cash just to buy everything outright. Own home (with mortgage), 800+ score, not worried about a hard pull on credit right now. + +I have a Discover with 5% cashback on Apple Pay purchases but the store doesn’t accept Apple Pay. AmEx with no cashback so no reason to use it. Savings sitting in HYSA collecting interest. + +From a financial perspective, there doesn’t seem to be a benefit to cash, nor any of my current cards, so any reason not to use the store card at 0%, pay it monthly, and keep cash in the bank making interest? +Trying to be sympathetic but objective, can someone please explain the economic value of the banking profession? Of course, I see that loans and investments need to be created, sold, and monitored, but I am perplexed as to why the pay is so high. Perhaps the banking industry has evolved to become unnecessarily competitive such that certain semi-arbitrary skills are highly valued and without them, you lose. For instance, if the water supply was controlled by a complex chess competition, great chess players would become wealthy and their bosses would claim bonuses were needed to retain competitive talent. It seems that setting up an industry this way would be a clever way for that industry to ratchet up revenue from their customers. +I don’t know where to post this, I hope it’s okay if I post it here. + +My wife was told that, because she’s not required to come back into the office her company is asking her to receive product and materials to her home and store them. Normally she’d have this stuff shipped to the office and stored there, because it’s a lot. Our spare bedroom is now overrun with product and basically can’t be used for anything else. A coworker of hers said she should deduct part of our rent on our taxes but I have no idea how that would work. She’s a full time employee, no a contractor so I’m not sure if she can even do that? + +Any help would be appreciated. + +EDIT: Based on some of the comments I think there maybe a misunderstanding of what is being stored. They’re product and material samples my wife uses for building designs. When the design is rendered she sends a materials package to the client so they can have a physical reference for the materials and finishes used. She orders these samples from vendors and with few exceptions these are free and crime statistics regarding the theft of such samples are at a historic low. +I have some family in town, and we are all in our mid 30’s. We remember 2008, but we don’t really remember how the crash affected us, and if it really did. + +As middle class Americans, with pretty stable jobs, and who bought their houses before the peak of the bubble. (I’d say we bought it slightly inflated, but with 2.75% interest rates) how will the stock market crash and following economical crash impact us? + +Our 401k’s drop in half? Milk goes up another $1? We all lose our jobs and burn money for heat? +We are considering hiring a second housekeeper/nanny who would work full time. Our current one is part time and doesn't live with us. We are wondering if anyone has tried both live-in and not, and what the pros and cons are of both. Our house is not huge and we would need to provide them with a bedroom, but then we wouldn't have a guest bedroom. We have a bedroom in the back of our detached office, but that might not work well. That said, it would be very convenient to have someone who is around more, so that we could split up the hours more weirdly (instead of 8am-4pm, doing 8-2, and 5-7, for example). What are your experiences and things that we should keep in mind? +I recently learned that you can always contact a business your frequently buy from to give them a compliment and whatnot. + +I’ve recently discovered an amazing fruit juice I had to stock up on. Unfortunately is can be a lil pricey. So I reached out to the company and complimented their business and inquired about them selling in bulk so I can budget better for this item. + + +They ended up emailing me back….no plans for selling in bulk BUT the company sent me TONS of coupons. + + +I think this product is the only one I splurge on. Other than that I’m strict budget and only buy food on sale in ads. + +The coupons have helped curb that unnecessary expense of something I really enjoy without breaking my bank. + +It’s always worth a try. +Just mildly furious. We've seriously struggled the last five years, Been homeless and jobless for a lot of it, and I finally feel like my family is in a good spot. We moved into a good area and my partner got a job so we can afford the rent. + +But guess what? Now we make too much money for our government assistance. The job my partner got is a delivery job to just help with rent. But the dws doesn't take rent into account. Why would they? When rent is so enormously high, it takes up more than half my paycheck? It's unbelievable. I feel like I'm doing everything I can right. Making good choices and hard sacrifices. But I'm being held down and punished for my circumstances. Just needed to rant to keep myself from revolting. For now at least. +If you still don't think we're in a bear market, I'm not sure what to say to you. You can't associate constant dumps and weak pumps Bitcoin has been going through for the last 4 months as a bull market. + +Benjamin Cowen is one of the few people I follow and I enjoy his content. It's sad to him say his theory of lengthening cycles is dead, because it made the most sense. As an asset gets bigger, it obviously takes more money to move it up hence more time. Also, every Bitcoin cycle has seemed like it was progressively getting longer if you measure it from cycle bottoms. + +https://preview.redd.it/ym1kycwyl8y81.png?width=595&format=png&auto=webp&s=77e259cb883425ccc915974eb75452c90cf84073 + +&#x200B; + +https://preview.redd.it/mc0c80fwm8y81.png?width=589&format=png&auto=webp&s=0560ebfc99b268861e9bc617644a307749ff8417 + +What he says makes sense, even if we were to somehow pump up from here it wouldn't erase all this downwards movement we had to go through. It would be hard to classify the past 2 years as part of the bull market. If the high inflation numbers and the situation with the FED wasn't a thing, I think his theory would have been correct. What do you think? +Last night three of the five devs went dark after selling 90% of the dev marketing wallet. This inexcusable act created panic and unrest within the community. The market cap had dropped 80%. One of the remaining developers, Emotional\_Can2279 (telegram handle), without hesitation, jumped into the voice chat in Telegram as it quickly grew to over 100 people demanding answers, demanding justice. The message was clear, though this unethical deed has been done, we will come together as a community, we will rally, and we will overcome! + +Within the last few hours our market cap has increased by nearly 200% with our community becoming more engaged than ever before, shouting from the roof tops and hill sides from all over the world, we will not go quietly into the night. If anyone thinks that this action could kill the project or destroy our community, 420x is the phoenix born from ashes, we will rise again! + +As we look forward to the future of 420x, the remaining team is here to stay and we know that the community is indeed our greatest support, our greatest asset. + +**Plans for the upcoming week**: + +1- Website relaunch +2- Designated wallet for charity to give back to the 420x community +3- Possible nft fundraiser + +**Do your own research with these 420x Official Links :** + +CoinMarketCap: [https://coinmarketcap.com/currencies/420x](https://coinmarketcap.com/currencies/420x) +Telegram : [https://t.me/The\_Real\_420X](https://t.me/The_Real_420X) +Website : [https://420xcoin.com](https://420xcoin.com) +Contract : [https://bscscan.com/address/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a](https://bscscan.com/address/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a) (Audited by TechRate) +Buy here on PancakeSwap(Use V1) : [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xC4b790e1D5f0c3d8AA526F0A8098eD2A1ff0886a](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xC4b790e1D5f0c3d8AA526F0A8098eD2A1ff0886a) +If you've been following Pitbull, you'll know that they got listed on WhiteBit for a few days, but that WhiteBit's minimum price was *wayyy* off (2 decimals off!!!) from the actual price so Pitbull and WhiteBit agreed to take it down to prevent new buyers from paying a ridiculous markup. + +Well now WhiteBit has actually spent time, specifically for the Pitbull listing, to change the number of decimals that are compatible with their website. **WhiteBit literally changed their website's coding to list Pitbull right lol**. + +So now, awesomely, Pitbull will be on WhiteBit soon -- this time proper with all the volume and demand to hopefully give it that signature WhiteBit moonburst! + +When I posted 2 days ago, we were a month old with already 45,000+ holders. Now we are at **72,000+** and just keep going up!! I said before we could hit 100k holders within 2 months; lol now I think we might hit it within a week. + +**We have the best damn community in alt crypto space right now.** (Which makes sense- We're a community-driven project 🐶 ) + +Recently we won the **SatoshiStreetBets** poll (heavily contested with 396,000+ subscribers) so you can tell our community is strong and really energized. **The other candidates were votebotting and we still won by a 10+ point difference.** https://reddit.com/r/SatoshiStreetBets/comments/mqtinc/pitbull_wins_moonshot_monday/ + +There is tons of exciting stuff coming up like PitCharts, NFT sets (some already released and sold, which contributes to the Pitbull charity wallet and LP), and merch. + + +* Fair launch and distribution: **The top holder only has 1.6%!** +https://bscscan.com/token/0xa57ac35ce91ee92caefaa8dc04140c8e232c2e50 + +* CoinMarketCap tracking went live a few days ago, and it keeps landing on Trending page. + +🙌 Indoex Exchange listed PIT! + WhiteBit listing to be up again soon + +Here is a current overview: http://link.medium.com/MBeOgs40wfb + +Innovations + +💹 Donations were raised and paid to IndoEx Exchange. Exchange listing fully completed + +📜 Litepaper updated + +🤝Partnership with Tao Token (Friction.finance). Via Tao Token platform PIT-BNB LP enabled. + +🔍 CoinMarketCap Api Data resubmitted and data started to be tracked + +🤝2nd partnership with Pig Finance community enabling NFT Farm and Staking + +🔭 PitTracker App Beta version released. You can track the auto %2 earnings. + + +👀 Community creative group of people launched with the new skills in different fields + +🖼️ New NFTs have been created and the first sets have been already sold. + +Funds from NFT selling distribution as follows: + + 15% goes to the wallet for marketing purposes of PIT + 15% goes to charity donation wallet + 60% sent to Liquidity Pool, in other words, burning forever by decreasing total supply + 10% for minting, designing process with the transaction fees for NTF + +🚀 Reached top 1 on Stocktwits two weeks in a row + +🙏 Donations for animal shelters have been decided by community votes + +🏆 A community competition completed and 1 Trillion PIT Token has been sent to the winner`s address + +📰 Ads published on UniRocket Telegram page with PriceBot + +➕ Listings and updates submitted on tracker platforms + + +📈 PitCharts platforms for a wide field for users have been started to be implemented + +🔥 %55.6+ of the total supply burned so far with the transactions + +Completed audit: https://medium.com/pit-bsc-community/official-audit-results-87a2262beee2 + + + + +Plus tons of YouTubers and TikTokers are starting to buzz about Pitbull. + +At this growth rate, PIT looks like it will reach 100,000+ holders soon and beyond!!! + +**Contract: 0xa57ac35ce91ee92caefaa8dc04140c8e232c2e50** + +**PancakeSwap:** + +**https://exchange.pancakeswap.finance/#/swap?inputCurrency=BNB&outputCurrency=0xa57ac35ce91ee92caefaa8dc04140c8e232c2e50** + +Chart: https://poocoin.app/tokens/0xa57ac35ce91ee92caefaa8dc04140c8e232c2e50 + + + +Telegram: https://telegram.me/Pitbull_BSC + +Discord: https://discord.gg/gGWsPhwuqB + +Website: https://pitbull.community/ | Twitter: https://twitter.com/BscPitbull | Medium: https://medium.com/@PITBULL_BSC | Reddit: https://www.reddit.com/r/pitbulltoken/ | Instagram: http://instagram.com/pitbullcoin | Twitch: https://www.twitch.tv/pitbullbsc | BSCScan https://bscscan.com/token/0xa57ac35ce91ee92caefaa8dc04140c8e232c2e50 + +Let's go, Pitbulls! 🐶🐶🐶 +So I, M22, living in West London would like some more ways to earn a little extra money, without really investing any wand was looking for odd jobs. + +I consulted mneysavingexperts guide, however thought it all seemed unpractical. However did anyone on this sub have any advice for extra ways? +A little about me: + +I live in CA + +Go to online mortuary school full time + +Work 75 hours a week between 2 jobs and only pull in about $4,000/m a.t. + +I'm struggling to keep my head above the water financially. Currently most of my money goes towards bills/needs. I'm only capable of saving about $800/m, and right now, I'm catching up on bills and have $0 in savings. I have a two week trip to CO I need to take in April for school (our labs have to be in person), but don't know if I'll be able to afford it, and it's a constant stressor for me. I've estimated I'll need about $5,000 in between gas, car rental, and hotel. I'm supposed to graduate next summer, but without the labs I can't. I have bad-fair credit and can't get approved for any large loans and no family or well-to-do friends I can ask for help. My phone also just broke, so there's another $300 I need to spend. Also, my car needs to be fixed, and that's $2,500 I don't have. I'm just praying it lasts at least til April. I can't really start saving money until the end of December, and that all will be going towards my trip. I'm just tired. Tired of stressing about money, tired of working hours I don't want to work with nothing to show for it. I just wish I could relax. +As the title states, I was left stranded in Belgium when my first connecting flight was delayed. For an overview, i was intended to fly from Birmingham to Belgium and then connect from Belgium to Germany (this was all in one ticket, not two individual tickets). The flight leaving Birmingham was delayed and thus I missed my flight to Germany and was stranded in Belgium. + +As I purchased the ticket through Mytrip and not directly from Brussels Airlines, I cannot simply contact Brussels Airlines for a refund and must act through Mytrip. I have since learned that Mytrip are terribly slow at helping people claim compensation for these sorts of situations (lesson learned, buy direct from the airline next time) + +I have filed a complaint via a service called Resolver.co.uk but am still waiting on any sort of confirmation. Is there any additional steps I can take to ensure I receive my money back? Should I file a dispute against the payment to mytrip via my bank? Any advice at all is appreciated. +GameStop’s price manipulation, bedside being blatantly obvious, has some other very noticeable behaviors if your missing the 5-10 point drops on the daily. + +1. GME has a rockstar team that took over management with a superstar track record. +2. All debt has been cleared. +3. 550 Million raised. +4. Online distribution business model revealed. +5. Brick and motor stores are cash flow positive. +6. 10’s of Millions of supporters both retail customers and retail investors world wide. +7. Galvanized diamond hand cult following. +8. Ryan Cohen. +9. Citadel 10 year criminal record. +10. Illegal naked shorting 140% short. 140%! + +Unless you’re completely delusional and a sociopath NOBODY IS SHORTING A COMPANY ON TRACK FOR COMPLETE INDUSTRY DISRUPTION! + +Please do your job before they(Ken) take down the entire market which at that point it is your fault. + +☠️ ☠️ ☠️ +EDIT: This post is stirring up some shit. People are reporting me for hate speech and trying to take this post down. Too bad Shills, the truth hurts and so will bankrupting your entire criminal organization. Welcome to a new era. +I am getting widely different stories from different people. On the one hand, we have those who say no one beats the market, just invest in low-fee funds, all the financial economic research PROVES this. Then we have people who are actively investing or even day trading, and who swear they make money enough to live. Something is amiss here. + +The "be passive" school has data on their side. Yet, I'm sure the entire /r/bitcoinmarket and /r/forex and /r/daytrading subreddit isn't starving and living in their parents basement. They post charts - over multiple years - of their positive gains, so seems like you can make money actively investing. The passive side makes active investing seem riskier than being a full-time poker player. So what gives here? +Ok, I’m completely confused and need help understanding. I can’t possibly understand how Ford motor company has been around for so long and has an established business model that is progressively going to change here in the next couple of years to electric vehicles. Since Rivian hit the market all kinds of questions have come to mind especially the market cap of these companies and how they’re surpassing other companies that have been around for decades. + +Can someone explain to me how Ford stock is $19.00 a share at $100B market value and the most sold truck in America…Yet, Rivian sold 156 trucks to date and the stock is $124.00 ish and $120B market. This makes so sense. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +8 units across 2 buildings. 4 units each. +5 two bedrooms and 3 one bedrooms. + +Seller wants 1.2 million $. + +All heat is electric and Tenant’s responsibility. +Hot water is included. $1200/yr. +electricity is separate. + +Gross rent $10,800 +Piti $7700/mo +Grass/snow $1800/yr +Maintainance $500/mo +Taxes $17,000/yr + +I see this cashflowing $2100/mo. + +What do you think? What numbers am I missing? +Thank you + + + +Private septic and private water. +First time landlord currently looking for tenants. I get calls everyday from "businesses" that want to rent from me and offer above my listing price. It's clearly scams or just call centers gathering leads to sell. + +What's their end game? +I'm currently working a soulless office job and have a 2bd 2bath rental for just over two years now. The property and tenants have been going well. I'm looking into investing into more real estate. + + +My question is, was there a certain number of properties you've owned that allowed you to quit your regular job and do real estate investing / property management full time? I'm waiting for that day. +I have been investing for almost 3 years now and manage my own properties (so while I am still a newbee, I feel like things are coming pretty clear). I have 8 tenants currently and have realized that for me, cashflow is wildly more important than anything else in real estate. I haven't been a landlord through a bear market yet, and of course we all expect it at some point, but how much does a bad market affect a landlord if they have adequate margins? + +My wife and I bought a home for $170k that is now worth $270k after 2 years. My wife wanted to sell it. But after doing the math, (paying realtors, fixing things up, losing rent, and paying taxes), what looks like a $100k profit would really only be about half that. Then you are left with a bunch of cash sitting in a bank hoping to find another deal, when that money was already making a good return. + +A buddy of mine flips houses and had his best year last year making about $300k. Which is great! But he CONSTANTLY is living on the edge because he has to always deploy money on new deals. His credit cards and credit lines are always maxed out, his credit sucks as a result, and he probably pays half of the income back in taxes. + +If he is able to find deals, wouldnt it ultimately be more profitable to rent some of these homes out and steadily decrease the flips? Is there something I am missing? +I have a prospective tenant that easily qualifies income wise, but reports pulled up prior issues. + +1) Prior eviction, but explained it as being a broken lease that the apartment didn’t record properly and kept charging rent. Went to collections but they weren’t notified of it and didn’t learn about it till two rentals later. + +2) Random smaller bills in collections from 6-7 years ago + +3) Low credit score due to A LOT of recent inquiries to obtain loan for a car, probably due to issues on records + +Their payment history shows 100% on time payments. + +I am conflicted on whether I should consider this tenant or not. I am inquiring into the previous rentals to obtain rental history but wanted to hear advice from others with past experiences. Thanks! +pretty much i read how 100$ a door is the goal, but i could buy a 300k triplex like i could buy a 600k triplex. in both cases because of the taxes and other expenses, both could be making the same cash flows, ex 300 a month. + +what ratios do you use for this? + +just when analyze properties here, i find that the price are calculated to offer minimal cashflows that are similar when you buy cheap or expensive. + +it just seems better to buy the cheaper 300k triplex making the same cash flows as the more expensive 600k triplex in a better area. + +seems like i could buy 2 cheaper one's and make 600 a month vs the better situated one. +Details: in the north Chicago market, everything is old as shit and I’m hoping to get something almost turn key so she can move in right away. What should I keep an eye out for or be cautious of when buying this +I'm looking into buying in some different areas. Would like to hear from people who own low end rentals under $50k. + +Do the tenants pay or is it a constant move in and pay a couple mos then evict? + +Do tenants typically trash the property? + +Considering St. Louis MO, Cleveland OH, south Carolina, and Louisiana., Philadelphia. + +If anyone has rentals in other areas that are doing good or any particular locations to steer clear of, please feel free to comment. +Per the title, is that normal? If so, how do other people end up building real estate empires of multiple properties without running into that issue? "Creative financing"? +Had a recent successful experience so wanted to remind people of this benefit. +Particularly given how things are going with cost of living etc. saving or clawing back what you can helps. +I previously tried using topcashback and never got rewarded for my spend so thought nothing more of it. +More recently though I noticed there was a 10% cashback offer for Currys which is actually pretty significant - well I was buying a TV anyway so thought why not. +Well this purchase was successful and as a result I've bagged £74 cashback in this one purchase alone. +Really chuffed and made my morning. +Worth checking out these sites if you're planning to spend the money anyway! +I'm motivated to pay off my home loan sooner rather than later. I am reaching out to people who have been able to lay their loan off quickly, within 1-10 years. What strategies do you implemented to do so? +So I recently moved here with my partner a year ago. Been learning financial literacy, but previously signed up for CommBank because it was an easy choice in a stressful move. + +Looking now, I’ve realised they have account fees and low interest rates on cash savings. + +What’s the best bank for savings that also isn’t too bad in terms of reviews? I was looking at BOQ but their reviews are awful. + +Looked at ubank but they don’t offer to non residents. We plan to be residents eventually. + +Many thanks +we often watch our family & friends make TERRIBLE decisions with money and wonder what on earth they are thinking. Of course we never say anything except to each other. My two favorites lately are: BIL & SIL sending little one to literally the most expensive daycare in town at $1k/month when there is no way they have crap for retriement savings (or any savings) and could easily get cheaper child-care... And my parents taking out a $40k mortgage to buy a condo when my dad is already retired and my mom is retiring in 2 years. What seemingly crazy things have you seen your family and friends do lately? +Hi all, + +Within the past few hours, a screenshot has been circulating that is creating the base for a rebranding rumour, wherein Raiblocks would be rebranded to Nano, and we'd be partnered with Dadi: + +https://i.imgur.com/g99uKZt.jpg + +**Credit goes to /u/Afkbio for this screenshot** + +This was immediately shot down by Raiblocks staff, who said that: +"There's been a shedload of rebrand suggestions lately. Looks like someone went to a lot of trouble to put this one together." +https://www.reddit.com/r/RaiBlocks/comments/7nup8y/raiblocks_rebranding_to_nano_big_if_true/ds4naxg/ + +**However, I have reason to believe this is just a cover up, and that a partnership is on the horizons. Here's why:** + +I did a search on Censys for raiblocks.net: +https://censys.io/ipv4?q=raiblocks.net + +It bought back a result for 'Nano Wallet'. It returned an IP address with a mirrored version of the current RaiWallet with updated branding. Here are the screenshots I got: +https://imgur.com/a/M0pOb + +It has since been taken down, but there is a support email for support@nanowallet.io visible in my third screenshot. + +So, I did a whois for nanowallet.io, and this is what I found: + +https://www.whois.com/whois/nanowallet.io + +REGISTRANT CONTACT + +Name:Christopher Mair + +Organization:DADI + +Here's a screenshot of that: https://imgur.com/a/8ukQd + +**That's right, DADI. The same DADI listed as a partner in the original screenshot.** + +**Therefore, Raiblocks will rebrand to Nano in the coming weeks. This is incredible news, as I feel DADI will be one of the biggest players in 2018** + +Additional proof, the CTO of Dadi had a repo in Github called raiblocks: + +https://webcache.googleusercontent.com/search?q=cache:4YVD_yi6W-cJ:https://github.com/jimlambie/raiblocks+&cd=2&hl=en&ct=clnk&gl=uk + +https://imgur.com/a/TkekI + +And thanks to /u/gbhall: + +> "http://158.69.141.179/ is the RaiWallet (test build maybe). http://158.69.141.179/resources is a 404 for nanowallet.io" + +More proof: + +* https://nanorai.com +* https://www.reddit.com/r/RaiBlocks/comments/7nvcf9/didnt_zach_tweet_something_about_private_keys_so/ +* https://twitter.com/chrismair?lang=en Chris Mair's twitter bio +* MAJOR FIND: http://tmsearch.uspto.gov/bin/showfield?f=doc&state=4802:vjq0gi.8.1 search for Nano Coin on this trademark website. Credit to /u/Zuvannn for this one +* http://tsdr.uspto.gov/#caseNumber=87726750&caseType=SERIAL_NO&searchType=statusSearch +* 3 different trademarks, all owned by Nanolabs LLC. Registered in Austin, Texas, which is where Colin happens to live... https://www.reddit.com/r/RaiBlocks/comments/7nw8m4/nano_nano_coin_and_nano_currency_are_all/?utm_source=reddit-android - /u/crypto_in_the_news +* Hello, I found the repo in Github: https://github.com/RaiMakers It says NanoMakers: "NanoMakers is a group of open source developers and projects dedicated to improving and promoting the RaiBlocks Ecosystem!" - /u/temraaz + +FINAL UPDATE: a team member in the Telegram has clarified that the partnership will be announced soon, thereby confirming this rumour +https://imgur.com/a/yUu7g + +Thank you everyone for contributing, I hope you all have a wonderful day. +[http://www.bbc.com/capital/story/20181114-the-man-who-leases-out-his-life](http://www.bbc.com/capital/story/20181114-the-man-who-leases-out-his-life) + +Just a short video featuring a 25 year old aiming to be fire by the time he's 28. Totally neutral piece - there's no interviewer or reporter - the camera just follows him around his house and he explains how he's making passive income from his home, and he briefly mentions avoiding lifestyle creep. The accompanying written article is only several sentences long and is similarly neutral. +>Oil slumped over 3% on Friday, on track for its biggest monthly drop in six months, after U.S. President Donald Trump stoked global trade tensions by threatening tariffs on Mexico, one of the largest U.S. trade partners and major supplier of crude oil. + +>Brent crude futures fell $2.34, or 3.5%, to $64.53 a barrel. U.S. West Texas Intermediate (WTI) crude futures fell $2.40 to $54.19 a barrel, also a 4.2% loss. + +>Session lows for both contracts were the lowest since March 8. + +https://www.cnbc.com/2019/05/31/oil-market-us-tariffs-on-mexico-iranian-oil-sanctions-in-focus.html +Good afternoon all, + +I recently made a fairly decent profit trading cryptocurrency (around £150k) and I was wondering how it would be taxed. I have tried to look around the internet for some advice/help but the information I have found contradicts itself. Does anyone have any knowledge regarding the Capital Gains Tax payable with crypto? If any, how would I pay this (self assessment or other)? Any help would be massively appreciated. + +Thank you. +I've started theory-crafting about what the plan with Blockbuster is since yesterday when they started tweeting about NFTs and tagging RC. Then I remembered that GameStop has filings for "GME Entertainment LLC", a firm very likely to buy companies in entertainment for future use with the NFT marketplace. Blockbuster could be the NFT Netflix service, letting you buy/lend movies and series. + +&#x200B; + +However let's look at the implications of this move. The blockbuster shares still exist and still trade (in a private exchange that retail can't access) with the ticker BLIAQ and is currently at $0.001. + +&#x200B; + +[BLIAQ](https://preview.redd.it/wqx4pkhqtcd91.png?width=867&format=png&auto=webp&s=d27163aa8a0313426d40deebbc788dd8e91c6df4) + +Now I recommend reading the [Cellar Boxing DD from 10 months ago](https://reddit.com/r/Superstonk/comments/pmj9yk/i_found_the_entire_naked_shorting_game_plan/?sort=top) if you haven't already. TLDR is that companies were target of forced bankruptcy by Market Makers by naked shorting their stock, **many** times their shares outstanding. GameStop was the target of this as well but they didn't succeed. They did with Blockbuster, creating most likely billions of naked shorts in the process. + +&#x200B; + +Blockbuster is possibly more naked shorted than GME since the lowest GME reached was $0.70 in 2020. And when we realized what was happening, we were blocked from buying these cellar boxed stocks because the squeeze would've started right then and there. But that doesn't mean that people don't still own this bankrupt company and can make decisions with it. The shareholders of record. Maybe RC was in talks with them about an acquisition since years ago. + +&#x200B; + +Now, what would happen to the billions of naked shorts if Blockbuster came back from the dead and was issued as NFT stock? The naked shorts would have to be closed, which is impossible. A true MOASS, an infinite squeeze. And the MOASS would be owned by GameStop, and therefore GME shareholders. Also Blockbuster could be just one of many cellar boxed companies acquired, Sears and Toys R' Us are compelling candidates. + +&#x200B; + +If this is true, there are no more worries of paperhands, uncertainty of how many actual naked shorts are there with GME, and market manipulation bullshit. GameStop shares are worth infinite dollars and the transition to the new financial system begins. RC doesn't just want a squeeze, he wants lifetime shareholders. Apes want the MOASS. This way everybody gets what they dream of. + +&#x200B; + +**This might be the 4D chess checkmate. And all I have to do is the same I've been doing for a year and a half: Never sell.** + + +Edit: Some comments are saying that if blockbuster wants to do anything, it won't affect this particular ticker because it's already Q'd. But if that is the case why does it still exist and trade? **And if these tickers can't squeeze, why is the Q'd ticker for Sears (SHLDQ) up over 1000% from 6 months ago?** If these tickers only still trade in order to enlarge collateral for MM's books, this would be a bad thing for them since they are short them. There has to be something else there. +I know that incompetence is usually a better explanation than malice, but these thugs in the govt act like they have a license to kill. Well... they pretty much do. They steal from DPR, extort him, fake assassinations, have orgies with Columbian hookers, and look the other way while drug cartels launder billions through HSBC. +So as was foretold, there was an article on bloomberg about yesterdays drop of meme stonks, very vague, blabla retail shifts focus to biotech blabla, gme is one that got hit the hardest... you know the drill. He even mentioned the drop came juuust before thanksgiving before, when a lot of people share their investment ideas. + + +So I searched the authors name and bam, he was on instagram with public account. So i asked him few questions about the article (I tried to be very polite, I have a pub account too, so he could check that I am real). + +Aaan he blocked me as soon as he woke up (Im an europoor). + +Did I cross a line or something? Do you think instagram is too private for this? + +Edit: +Someone pointed out that I should ask him on twitter (I dont know why I didnt think of it earlier and tried instagram). +So i went on his twitter just to find out that he already got served a shit sandwich in the comments of that article. Sooo that is probably the reason he did not even wanted to respond. + +here is the twitter post, that contains the article: + +[twitter post](https://twitter.com/BTLipschultz/status/1463257299401809923?t=bd9W3MZb_AfPEKSKFAyMhg&s=19) +Stop posting about NFTs if you don’t understand how they work. + +Stop posting anything Foobar tweets trying to link it to GME. + +If you post about NFTs include facts to back up your point as most posts I’m seeing are just blatantly misleading. I don’t think it’s a fud campaign, I think it’s apes who just don’t understand what they are posting and it’s spreading a lot of misinformation and false hope. + +If you want to post about nfts spend some time doing some research on how they work. + + + +While an NFT platform is going to take the company to the forefront of gaming and tech, GameStop isn’t building an nft platform to issue a dividend. Sure it would be cool and maybe it’ll happen but apes do not need a dividend to moass. Stop the obsessing and tinfoil hat theories. + +The only thing we know about an nft dividend is it will likely (edited from 100% - sorry don’t know how to strike out the text) lead to a drawn out legal battle (see overstock) which is part of the reason I don’t think it’s coming. GME could issue a form of crypto token which is much different than an nft but likely to result in lawsuit nonetheless. + +I’d love to be wrong on this. I’m hyped 24/7 and I believe the moass is near, I’m prepared to hold my shares as long as I have to. + +Take a deep breath and trust in RC and the team he is assembling and the process. The moass is coming. the moass does not need an nft dividend. + +Edit 1 - the reason I don’t believe an nft is likely is because it’s complicated, expensive, and not the best use of GameStop’s funds when they are looking to transform the business. To do a nft on the ethereum blockchain every stockholder would need to have a eth wallet to send the nft to. While it’s an easy process to set this up, expecting potentially millions of stockholder to set that up, or coming up with a workaround would be time consuming and expensive and not in the best interest of GameStop as a company. Spending that time on a nft platform sounds like a better use of resources. + +Separate from that, minting and sending 70+ million nfts would, on its own cost an insane amount of money (potentially hundreds of millions of dollars based on eth mining/gas fees). Again, not the best use of GameStop’s capital when they are trying to transform the business. + +A token that can be used on the GameStop nft platform to potentially buy digital used games, etc would make sense but again, the logistics behind that and trying to distribute those would be a really challenging logistical situation and highly likely to end in legal action against the company. Even the risk of that makes it a suspect move when looking at what’s in the company’s best interest. +I'm planning on purchasing a house next year (probably around summer time). I usually don't keep much cash in my savings. I usually invest my money as soon as I receive it, but because I'm purchasing within a year, I haven't done that. + +I'll have the downpayment ready in the next few months, but I also don't really want to have it sitting in my bank. Stocks are cheap right now, so I'm pretty tempted to buy with my downpayment money, but if the market crashes further in the next year, then that would probably delay me from purchasing a house, so I'm wondering what other options I should explore in my position? +Throwaway account for obvious reasons + + I am buying a new house for $380,000. It is got a 2-bedroom in-law apartment with its own garage that my very reliable daughter is going to move into. I do not need her money to be able to afford the mortgage, but she is going to contribute anyway. I am also going to be selling the house I am in now and will net $280,000 from the sale after the existing loan payoff, Real estate fees and closing costs. The new mortgage loan is 3.25% at 30 years and I am putting 20% down to avoid PMI. The mortgage payment will be $3,400 a month with Taxes and insurance included. + +My plan is to payoff the loan on my truck ($18,300 at 5% remaining), fund $45,000 into renovations for the new house, and payoff the $50,000 401k ‘bridge’ loan I took out last month for cash flow purposes, and keep $50,000 in the emergency savings account. We are scheduled to close on the sale of our existing house about a month after we close on the new house. We do not have any other debt besides a $230 dollar a month lease on my wife’s Subaru. + +What I am thinking about doing is taking the remaining $\~160,000 from the sale, doing a one-time principal payment recasting the new mortgage but make payments at a dollar amount high enough to pay the mortgage off in 6 years. That will reduce the minimum monthly payment in case of some financial emergency. + +Is this a good idea? Should I be investing the $160,000 instead and try to pocket the difference? If interest rates go up to the point where a short-term investment pays more than 3.25% in theory, I’ll be ahead if I invest the money and don’t touch it. However, I like the idea of not having any debts. +Hello, im 21 and my friend and i are thinking of opening up a business in about 3 years from now. We are both working and the rough plan for now is to put in 1k each month into a mutual account and invest in etfs for the next couple of years in order to build capital. Do you see anything flawed with this plan? +TLDR: The IHME model is trash. Media will soon notice. Long volatility via calendars on SPX for low risk high reward. + +All right boys and girls, listen up. Professor BoneMaster's class is now in session. I'm a researcher at a university you've heard of, and I've been following the 'rona closely since January. I told my students to buy SPY puts in mid-February and that the global economy was going to shut down well into the summer only a couple weeks later. I'm up 300% so far by longing volatility, have been mostly cash for the past couple weeks, but am once again confident enough to be back in. As I've now convinced you of my predictive ability, let's get to it. + +Thesis: The IHME model touted by Trump is bad. It is considerably under-shooting projected death counts. This becoming apparent is a very soon eventuality, which will be the catalyst for the next leg down. + +I'm going to try and keep this as simple as possible for the retards. The IHME model works as follows: + +1. Assumes cumulative deaths over time follows a curve like [this](https://en.wikipedia.org/wiki/File:Error\_Function.svg), but normalized for only positive x,y. + +2. Fits parameters that control the shape of the curve for a given location using existing data. Specifically, it fits for the time where rate of change is maximum and the maximum rate itself more-or-less. It then predicts a maximum value based off of that. + +So why is this approach retarded? + +1. Assuming a Gaussian-like curve for daily deaths and therefore a sigmoid-like curve for cumulative deaths makes sense in the context of a lot of basic epidemiological (SIR-like) models. We also saw curves like this in Wuhan. We are NOT seeing this in Italy or Spain. See daily infections and deaths for Spain [here](https://www.worldometers.info/coronavirus/country/spain/) and Italy [here](https://www.worldometers.info/coronavirus/country/italy/). What we are seeing is a leveling off of to a plateau/low angle slope. More later. + +2. The US models are fitted using data from Wuhan, Italy, and Spain. We are NOT following social distancing as closely as these countries. As others have posted in this sub, see [NY](https://www.gstatic.com/covid19/mobility/2020-04-05\_US\_New\_York\_Mobility\_Report\_en.pdf) vs [Italy](https://www.gstatic.com/covid19/mobility/2020-04-05\_IT\_Mobility\_Report\_en.pdf) vs [Spain](https://www.gstatic.com/covid19/mobility/2020-04-05\_ES\_Mobility\_Report\_en.pdf). Americans are stupid and selfish. We aren't social distancing nearly as well as other countries. + +What does this mean? + +1. For Italy and Spain, the IHME estimates are getting more and more desperate. I've been watching the realized daily deaths blow outside their confidence bounds for the last few updates. For the most recent model from Wednesday, Italy just blew up the model's **UPPER-FUCKING BOUND** today ([570 realized](https://www.worldometers.info/coronavirus/country/italy/) vs. [522 max](https://covid19.healthdata.org/italy)). Spain is likely going to do it tomorrow or Sunday at the latest. Needless to say, a predictive model that consistently fails to predict two days out within the fucking 95% confidence interval **IS NOT A GOOD MODEL**. + +2. The prediction for the U.S. is going to get double fucked. It suffers from the invalid assumption of a nice Gaussian-like curve, plus it's essentially fit using data that paints a much rosier picture than reality. + +Deeper dive: + +The model inherently assumes a notable inflection point. This occurred in Wuhan as the strict lockdown essentially killed almost all spread. The looser restrictions within Italy and Spain have kept the disease reproductive number sufficiently high enough to maintain something along the line of a plateau of daily new infections. Neither country is at the point where herd immunity has any effect, so this might be maintained for some amount of time. This could actually be considered the desired effect of flattening the curve, meaning that the restrictions are enough that the disease is under control but not so strict that you're welding people in their houses. + +Given sufficient time, this will result in herd immunity. However, at the current rate, that would take about 25 years for Italy (2.5 years if rate is 10x under-reported, as thought). If this is in fact something of a steady-state, maintaining it also requires that restrictions are also essentially maintained as-is until vaccinations are possible. If the rate is actually plateaued, then even a slight loosening of restrictions will result in an immediate second wave. + +What I think is actually happening is something along the lines of a self-limiting population-wide response. With bad news people cower in their homes, but with good news (we passed the peak!) people start going back out again. Good/bad news creates a feedback cycle resulting in a steady-state rate of infections that's just low enough to not overwhelm the hospitals. I call this response the "BoneMaster Effect". + +I think Fauci et al. is well aware of all of this but waiting to break the news. At least, I would certainly fucking hope so. The IHME models for the US have been relatively accurate, as the curve is absolutely a good fit for initial->peak infections. But as we've only just started to hit the peak in certain areas, the BoneMaster Effect hasn't come into play yet. We have another week or so until IHME says NY infections will reduce by half (https://covid19.healthdata.org/united-states-of-america/new-york), though their confidence interval is fucking absurd. If by next Friday NY is still getting O(600-700) deaths per day, then people are going to take notice. + +Summary of other models: + +The CovidActNow model is equally retarded, but in the other direction. It assumes way too high of a reproductive number with social distancing. The only good model with a fancy website I've found is the Los Alamos [one](https://covid-19.bsvgateway.org/). I've been keeping an eye on it, and they've generally been spot on. Basically, they don't make any explicit assumptions about disease growth rate except that it will trend down, then randomly samples over all possibilities of how the growth rate can change over time. This inherently captures that notion of plateau/low angle decreasing slope. More importantly, take a look at the 'team' leading that model and compare them to the original 'team' for CovidActNow vs. IHME. Notice anything? CovidActNow was started by a bunch of business fucks, IHME is like 90% attractive bio girls, but, by far, the Los Alamos team is the biggest group of nerds out there. Always bet on the nerds. + + +Uppies or downies: + +Neither. Long volatility. Calendar spreads below present value are the way to go along with a debit call spread for capping "brrrr" risk. Wait until you see the first article out hinting that Trump's model is completely fucked. + +Real TLDR: **A PREDICTIVE MODEL THAT CONSISTENTLY FAILS TO PREDICT TWO DAYS OUT WITHIN THE FUCKING 95% CONFIDENCE INTERVAL IS NOT A GOOD MODEL. LONG VOLATILITY. BET ON THE NERDS.** +# Dance of Darkness: The SEC and Dark Pools + +Hello everyone, thank you in advance for your patience and for reading this thesis on dark pools and the SEC. First, please note that this is strictly not financial advice and just research I have compiled over weeks for entertainment purposes—it's all-public information and not intended to affect the price action of any stock in any way, shape, or form. + +The article will be divided into 3 major parts: SEC and the financial derivatives market, dark pools of credit swaps and synthetic shares today, FUD dispersal, and legal ramifications of naked shorting. I was motivated to write this article as a result of two conditions: the ongoing process of appointing Gary Gensler as the SEC chairman, and the revelation of the existence of massive dark pool trading certain meme stocks, in an effort, to bamboozle the retail investor. + +Note major sections of this post have been modularly coded on blogger ([https://www.blogger.com/dashboard/reading](https://www.blogger.com/dashboard/reading)), this is because of Reddits field limit being 40,000; this was necessary for me to be fully transparent and clear with my opinion; I hope you enjoy it. + +\---THE SEC SECTION--- + +Gary Gensler, the former chairman of the CTFC (Commodities Trading Futures Commission) is currently in the process of being appointed the SEC chairman. Currently, the senate banking committee has approved Gensler at a 14-10 vote ([https://www.investmentnews.com/senate-banking-committee-approves-gensler-nomination-203813](https://www.investmentnews.com/senate-banking-committee-approves-gensler-nomination-203813), [https://www.c-span.org/video/?509429-1/sec-chair-cfpb-director-confirmation-hearing](https://www.c-span.org/video/?509429-1/sec-chair-cfpb-director-confirmation-hearing)), and he will be voted on by the Senate proper in a weeks time on April 12th ([https://www.thinkadvisor.com/2021/03/31/schwab-expects-activist-sec-under-gensler-senate-sets-confirmation-vote-date/](https://www.thinkadvisor.com/2021/03/31/schwab-expects-activist-sec-under-gensler-senate-sets-confirmation-vote-date/). He is expected to have bipartisan support and to be sworn in as the new SEC chairman. Gary Gensler is extraordinarily hated by Wall Street for a couple of reasons, the primary being that he is a hard-nosed regulator interested in the transparency of the marketplace and democratizing the information within it in favor of the little guy. This fundamentally goes against the closed country club nature of Wall Street, which is shown by the enforcement of the Dodd-Frank Act ([https://en.wikipedia.org/wiki/Dodd%E2%80%93Frank\_Wall\_Street\_Reform\_and\_Consumer\_Protection\_Act](https://en.wikipedia.org/wiki/Dodd%E2%80%93Frank_Wall_Street_Reform_and_Consumer_Protection_Act), [https://www.investopedia.com/terms/d/dodd-frank-financial-regulatory-reform-bill.asp](https://www.investopedia.com/terms/d/dodd-frank-financial-regulatory-reform-bill.asp)). + +The last time Wall Street made a grievous market error was in 2008. This was due to the financial derivatives market and credit default swaps market having a massive correction ([https://www.investopedia.com/ask/answers/052715/how-big-derivatives-market.asp](https://www.investopedia.com/ask/answers/052715/how-big-derivatives-market.asp), [https://www.investopedia.com/terms/d/derivative.asp](https://www.investopedia.com/terms/d/derivative.asp)). The financial derivatives market (futures, in particular) was designed by markets to allow farmers, ranchers, manufacturers, industrialists, producers, etc., to lock in prices and mitigate risk in the production and operation of businesses. Thus, the core of what these markets are about is to lock in prices for commodities and to manage risk for the supply chain. Thus, the derivatives market is quite essential to the supply management side of the real economy (the part of the economy where you and I work), as such any meltdowns in the derivatives market further deteriorate our economy; in 2008, this spilled over to the real market—which combined are gigantic markets, estimated at 640 trillion dollars ([https://www.investopedia.com/ask/answers/052715/how-big-derivatives-market.asp](https://www.investopedia.com/ask/answers/052715/how-big-derivatives-market.asp)) in market capitalization. According to Gary Gensler that represents roughly $22 of hedging for every dollar exchanged in the real economy ([https://www.c-span.org/video/?304711-1/financial-regulations-consumer-protection](https://www.c-span.org/video/?304711-1/financial-regulations-consumer-protection)); this is from 2010 though, so it could be a lot higher right now. Such futures and swaps are invested in almost every aspect of our lives (food, fuel, mortgages, credit rates, interest rates, etc.). So, given the importance of the derivatives market, it must stay transparent and competitive; this was not the case in 2008. + +Due to two things being in play in 2008, dark pools and credit default swaps, specifically CDSs insuring against CDOs composed of collapsing mortgage bonds. As a result of the underlying assets (mortgages) defaulting at a rapid rate, causing the collapse of the bonds, causing the CDOs composed of the bonds to collapse/default in price; causing the CDSs to kick in and insure against the original value of the bond upon inception of the CDSs. This transaction occurred, you guessed it, in dark pools. dark pools will be covered highly in-depth so bear with me, Gary Gensler’s response needs to be analyzed first. First definitions: + +CDOs; collateralized debt obligations, think of these as financial products composed of multiple other financial products backed by assets like bonds, collateralized loans, etc. ([https://www.investopedia.com/terms/c/cdo.asp#:\~:text=A%20collateralized%20debt%20obligation%20(CDO)%20is%20a%20complex%20structured%20finance,derived%20from%20another%20underlying%20asset](https://www.investopedia.com/terms/c/cdo.asp#:~:text=A%20collateralized%20debt%20obligation%20(CDO)%20is%20a%20complex%20structured%20finance,derived%20from%20another%20underlying%20asset))). + +CDS: Credit Default Swap; in short, it's insurance against a value of a security in case its value drops. It works by taking out a policy against a security and paying somebody else to take the risk of its valuation falling. This risk is taken off your shoulders, by you paying the other party a premium to maintain the insurance policy (i.e. you hedge against your securities dropping in value). As such, the value of the security you are insuring is safe if you keep up your premium payments, insuring you against risk. Furthermore, if you choose to exercise your insurance, as the value of the security falls, you are paid out your insured amount; if the value of the security rises and you choose to close out/exercise, you will take that loss + premiums ([https://www.investopedia.com/terms/c/creditdefaultswap.asp#:\~:text=A%20credit%20default%20swap%20(CDS)%20is%20a%20financial%20derivative%20or,with%20that%20of%20another%20investor.&text=To%20swap%20the%20risk%20of,the%20case%20the%20borrower%20defaults](https://www.investopedia.com/terms/c/creditdefaultswap.asp#:~:text=A%20credit%20default%20swap%20(CDS)%20is%20a%20financial%20derivative%20or,with%20that%20of%20another%20investor.&text=To%20swap%20the%20risk%20of,the%20case%20the%20borrower%20defaults)). + +Dark pools: Dark pools are exchange forums that replicate open stock exchanges, closed off to the public designed to hide institutional trading intent. In other words, by Gary Gensler himself, dark pools are designed to lack regulation, transparency and the light of transparency must be shone upon them ([https://www.investopedia.com/terms/d/dark-pool.asp](https://www.investopedia.com/terms/d/dark-pool.asp)). + +As definitions have been established let us quickly reiterate the chain of events in 2008, and Gary Gensler's response as the CFTC chairman; and how he dealt with dark pools before (meme stock synthetic shares are in dark pools I would speculate): + +Banks relax loan requirements to make cash of interest and mortgages-> package those into bonds --> package those into CDO's --> market them as a great investment, while the underlying bonds are absolute garbage (this became garbage around 2006) --> Michael Burry and co notice this and take CDS on them --> wait 2 years, 08 roles around --> the market corrects itself violently where CDS are basically used to wipe out mortgage CDO's; these transactions occur in dark pools, away from the public eye; all the while like right now the media say everything is absolutely fine, you should totally hold onto your mortgage and get it refinanced (sell your meme stocks today, the squeeze is definitely over, you should totally believe us). + +Thus, the unregulated swaps market split over into the real economy and exposed everyday Americans to real risk (with meme stocks it’s reversed, the shorter are at real risk right now). + +In comes Gary Gensler and the Dodd-Frank Act: [https://en.wikipedia.org/wiki/Gary\_Gensler](https://en.wikipedia.org/wiki/Gary_Gensler) . + +Due to the crash, the Dodd-Frank Act was designed to curb excessive market abuses and speculation due to the lack of transparency from dark pools—it had 3 main goals according to the prospective SEC chairman ([https://www.c-span.org/video/?304711-1/financial-regulations-consumer-protection](https://www.c-span.org/video/?304711-1/financial-regulations-consumer-protection), [https://www.investopedia.com/terms/d/dodd-frank-financial-regulatory-reform-bill.asp](https://www.investopedia.com/terms/d/dodd-frank-financial-regulatory-reform-bill.asp) ): + +i) Bring transparency and competition to swap dark pools + +ii) Lower risk + +iii) Increase market integrity + +As such, according to Gensler, 90% of unregulated swaps and futures were brought from dark pools and mandated to use clearinghouses, so position data could be marked real-time for the public to view. + +Furthermore, the Dodd-Frank Act established several other protections ([https://www.investopedia.com/terms/d/dodd-frank-financial-regulatory-reform-bill.asp](https://www.investopedia.com/terms/d/dodd-frank-financial-regulatory-reform-bill.asp) ), these are as follows: + +i) Protections against the formation of too big to fail institutions (so Citadel can fail, and everybody will be fine hypothetically), as a failure of any one of them, could negatively affect the US economy. + +ii) The Consumer Financial Protection Bureau (CFPB), established under Dodd-Frank also worked to curb predatory mortgage lending, deterring high commission mortgage brokers from closing high-interest loans with high fees; stopping the feedback loop of bad loans being dished out in exchange for high commissions, fees, and interest. It also protects consumers from excessive credit and debit card fees and interest, by my understanding ([https://www.govinfo.gov/content/pkg/PLAW-111publ203/pdf/PLAW-111publ203.pdf](https://www.govinfo.gov/content/pkg/PLAW-111publ203/pdf/PLAW-111publ203.pdf)). + +iii) Volcker Rule: It restricts banks investing in speculative trading and eliminates proprietary trading ([https://www.investopedia.com/terms/p/proprietarytrading.asp](https://www.investopedia.com/terms/p/proprietarytrading.asp)); moreover, banks are not allowed to be involved with hedge funds or private equity firms considered to be too risky; lastly, to minimize possible conflicts of interest, financial firms aren't allowed to trade proprietarily without sufficient "skin in-game". Furthermore, the Volcker Rule: "regulates financial firms' use of derivatives to prevent "too big to fail" institutions from taking large risks that might wreak havoc on the broader economy" (Citadel may be intimately familiar with this). + +iv) Whistle-blower Program: The Dodd-Frank Act also goes ahead and strengthened and expanded the whistleblower program. As such it specifically established a mandatory bounty program (you heard that right, if you hunt down a shill spreading "insider information", that alludes to collusion or any other illegal activities, you get a big fat reward). I'll let the text from Investopedia take this one here: + +"Specifically, it established a mandatory bounty program under which whistleblowers can receive from 10% to 30% of the proceeds from a litigation settlement, broadened the scope of a covered employee by including employees of a company's subsidiaries and affiliates, and extended the statute of limitations under which whistleblowers can bring forward a claim against their employer from 90 to 180 days after a violation is discovered". + +Meaning, you as a whistleblower can receive up to 30% of the litigation settlement amount if you can provide concrete evidence of collusion (we'll expand on naked short fines in a bit after the in-depth dive through dark pools as promised.); so if you have proven insider information, happy hunting: [https://www.sec.gov/whistleblower/frequently-asked-questions#:\~:text=Under%20the%20program%20eligible%20whistleblowers,regulatory%20and%20law%20enforcement%20authorities](https://www.sec.gov/whistleblower/frequently-asked-questions#:~:text=Under%20the%20program%20eligible%20whistleblowers,regulatory%20and%20law%20enforcement%20authorities). + +Lastly, to end this section I'll leave the actual Dodd-Frank Act here in case any legal scholars are reading this and would like to dissect this: [https://www.govinfo.gov/content/pkg/PLAW-111publ203/pdf/PLAW-111publ203.pdf](https://www.govinfo.gov/content/pkg/PLAW-111publ203/pdf/PLAW-111publ203.pdf). + +Now going back to the man who enforced this and brought the banks and other bad financial actors under control the last time by busting these dark pools, Gary Gensler. If Gary Gensler is appointed, and if these hedge funds have their short positions in dark pools to dupe the consumer; they will not only be breaking a litany of federal financial regulation laws. Furthermore, the SEC, DTTC, and hedge funds/institutions long on meme stocks (Blackrock) have already started swimming around sensing blood in the water, once Gary Gensler comes in, based on his previous behavior of effectively curb-stomping illegal actors into submission, I can see him litigating Citadel and co (if they are guilty) out of existence and forcing them to close like he did last time as the Future's chairman. + +\*Recap for Apes\* + +So let us recap, swaps and dark pools were used in 2008 to insure against the financial collapse created by the greed of financial institutions. The reason why we haven't had an exact repeat of 2008 is because of the Dodd-Frank Act; and the enforcer that took out Wall Street Gary Gensler is going to be running the SEC during meme stock chaos; which means the shorts lose their friends in high places that haven't been enforcing the rules. + +From here on we shall take a deep dive into how dark pools work, then talk about the hypothetical legal implications of shorter being caught with illegal naked shorts in dark pools; so, let us begin. + +\---DARK POOL SECTION FOR APES--- + +Dark Pools for the layman are exchanges off of exchanges. A growing problem that brokers and retail investors noticed is that if a lot of small-scale orders are going through a relatively large and complicated fee system, for instance with the NYSE ([https://www.nyse.com/publicdocs/nyse/markets/nyse/NYSE\_Price\_List.pdf](https://www.nyse.com/publicdocs/nyse/markets/nyse/NYSE_Price_List.pdf)). + +Both retail and broker-dealers have issues with this due to a convoluted pricing model; if a certain threshold of clients is reached, internal off-exchange trades can begin—this is the basis for a dark pool. Morgan Stanley ([https://www.morganstanley.com/disclosures/morgan-stanley-dark-pools](https://www.morganstanley.com/disclosures/morgan-stanley-dark-pools) ), Goldman Sachs ([https://www.thetradenews.com/guide/goldman-sachs-sigma-x/](https://www.thetradenews.com/guide/goldman-sachs-sigma-x/) ) and of course Citadel ([https://www.reuters.com/article/us-citadel-darkpool-idUSKBN0MN22Q20150327](https://www.reuters.com/article/us-citadel-darkpool-idUSKBN0MN22Q20150327) , closed in 2015 after harsher reporting requirements, go figure), all have dark pools. + +This creates a buffer of exchanges, as shares circulating in dark pools can fulfill buy and sell orders to 100% outside of the exchange during normal trading activity. + +However, any buffer can be used as an amplifier. As such if a hedge fund wants to make a quick profit by shorting a stock, they lend as many shares as possible; dump them on an exchange and watch as the retail investor tries to “cut their losses''; while spreading FUD by calling in the media, till even the least sophisticated investor sells. As volatility spikes, smart money comes in and the shorts are covered in a dark pool. This allows you to buy shares on a downward momentum, influencing the price immediately on the open exchange. The reverse works for long positions as well, if you would like to dump it at a profit, just sell it off in a dark pool. Cramer admitted to part of the process in an interview ([https://www.youtube.com/watch?v=jIfixbq\_u0Q](https://www.youtube.com/watch?v=jIfixbq_u0Q)), on the dark pools, while not mentioned, it is certainly part of the process. + +An illustrate how this might work in an example: + +Company A wants to acquire company B ASAP by buying up let's say 30% of shares of company B. Company A, therefore, goes to market maker M to buy shares for them. M then proceeds to start buying shares on the exchange to drive the price up a bit. + +Meanwhile, they try to buy up as many shares from the dark pools as possible, to not drive the price up on the open exchange. The price on the exchange usually reflects in the dark pools, but not vice versa (because people look at the exchange prices, shortages in dark pools only show after a slight delay). + +If you were to say that a purchase of 5% of the float would drive up the price of shares from B up by 5%, that would mean that after the buy the price would be 30% higher with around 15% higher than the start price average. + +That is if people were not to start day trading the shares, which probably will happen. + +However: if you were to do the same thing with dark pools you suddenly see that while the price on the exchange goes up, M is suddenly able to buy shares from places that do not influence the share price. + +Again, a 5% purchase on the open market equals a 5% price increase. If 10% can be covered over the dark pools, only 20% affects share price, leaving us with an average of about 10% higher than starting price. + +This is 5% that was "saved" for M and A. M obviously wants a small fee for the service totaling 2%, which leaves A with around 3% saved. + +That 5% came from the retail investor that was not aware of the movements in the dark pools. It costs the retail investor money. It robs you of your 30% gain in that scenario and gives you 20% instead. It costs you. + +Remember Crammer stated sentiment is key in pulling the stunt off: ([https://www.youtube.com/watch?v=r07Gg92YjOI](https://www.youtube.com/watch?v=r07Gg92YjOI))? It would be exponentially by simply getting the order flow, as such sentiment can be deduced without any bias. This allows the fund to take opposites of trades by going short negating buying pressure, either in dark pools or exchanges, as well as directing how the orders get executed. This possible order execution delay has been brought up in Congress ([https://youtu.be/RNgzOr-m6ok?t=89](https://youtu.be/RNgzOr-m6ok?t=89)). This amounts to a hedge fund/ moneymaker being able to make a small money printer for themselves (Citadel), which we can confidently speculate exits. Furthermore, if Citadel doesn’t like your decision to buy, they can simply take the other side of the trade giving you a shorted share. + +This is where Citadel and CFD trading comes in: + +Using dark pools, Citadel as a market maker could in theory capitalize on such scenarios massively; furthermore, until 2015 they ran their own dark pool, called Apogee ([https://www.iotafinance.com/en/Detail-view-MIC-code-CDED.html](https://www.iotafinance.com/en/Detail-view-MIC-code-CDED.html)) which was decommissioned in 2015 possibly due to increased reporting/transparency requirements ([https://www.reuters.com/article/us-citadel-darkpool-idUSKBN0MN22Q20150327](https://www.reuters.com/article/us-citadel-darkpool-idUSKBN0MN22Q20150327)). + +By operating Apogee, however, Citadel as a market maker was able to capitalize on such scenarios massively. Since then, Citadel switched to Citadel Connect, which does not qualify as an alternative trading system requiring no reporting. + +The best-case scenario for Citadel, if they wanted to short a stock would be to not have shares involved at all or making a contract for difference with you; this means you make an agreement with Citadel to get the current share price at any time you like from them, without ever having to buy or sell the shares. This kind of trading is heavily regulated, however, thus not common. However, they have engaged in similar tactics: naked shorting. + +Under Reg SHO 203 b 2 iii ([https://www.law.cornell.edu/cfr/text/17/242.203](https://www.law.cornell.edu/cfr/text/17/242.203)) market makers are allowed to short a security under a bona fide agreement, meaning without ill intent. As such, to naked short a stock, good faith is pretended to be in effect, from there they buy naked calls from another party they control (Citadel LLC in this case). From here, the equivalent amount of shares are lent out to either "Citadel LLC" or any other party, which are then dumped on the open market. After 3 days, since the “shares” never existed on the open exchange, becoming FTD’s. As FTD status is reached, they simply go to a shell company or “Robinhood” and write ITM call options, exercise them, replacing FTD-IOUs with the ones from the shell. As these reach FTD, the reverse happens, as Citadel IOUs replace ones from their shell. Repeat to infinity and a stock price can be crashed by printing shares faster than the Feds print money (these shares will quickly add up dark pools though and need to be cleared). As institutions bailout, only retail would remain, if retail has no strategy on the security, a run by retail to get rid of the bag happens. + +Now what I've said may sound despairing and should get you angry, however, I believe this cycle has almost been crushed, due to apes buying and holding. Allow me to present to you this diagram (the link below contains a flow chart of how dark pools operate within the market): + +[https://ddextension68.blogspot.com/2021/04/dance-of-darkness-darkpool-methods.html](https://ddextension68.blogspot.com/2021/04/dance-of-darkness-darkpool-methods.html) + +As shown, they can use synthetic share production mechanisms, blatantly creating synthetic shares in a dark pool as a market maker (citadel runs it), making phantom shares using calls, Failure to Delivers, explicit naked shorting (creating IOU's), etc. (there are tons of illegal production mechanisms, most of which we're covered in my old DD's and a quick recap example above. Once they have determined which method they'll use, they target the security, and the flowchart begins. If they use the dark pools, they can theoretically create an infinite number of synthetic shares (they'd have to buy infinite real shares to buy though to cover though if they are a) caught with synthetics or b) get margin called). + +Apes for the last months have been buying up all synthetics and creating price floors as you've seen, a hedge fund at this point has 2 choices; cover all the shares (the smart choice), or digging themselves in the hole deeper hoping you will sell creating FUD (Reddit/discord infiltration will tell you when their getting desperate); so they can finally cover, as such if investors keep buying and holding, either more rocket fuel gets added to the rocket or they cover; either-or, doesn't matter what anybody else says. + +Lastly here's a list of dark pools that I found that have existed in "the state of play", back in 2014, I apologize I couldn't find any more recent data: + +[https://link.springer.com/content/pdf/bbm%3A978-1-137-44957-3%2F1.pdf](https://link.springer.com/content/pdf/bbm%3A978-1-137-44957-3%2F1.pdf); (FYI Goldman Sachs has one, and they just got margin called for context: [https://www.youtube.com/watch?v=mP4yaoQll7I](https://www.youtube.com/watch?v=mP4yaoQll7I) (if your [r/wsb](https://www.reddit.com/r/wsb/) YouTube links aren't allowed for sources sorry) due to Bill Hwang) + +\*Recap for Apes\* + +Now let’s recap, the SEC chairman Gary Gensler is well versed in bringing swaps out of dark pools which caused the last crash and is coming in during the point of the SEC during a speculative short squeeze that will top all other short squeezes in human history (in my speculative opinion), This may cause the greatest wealth transfer in history. + +The elites from any society would not like this as it would mean, their status would be tarnished; as such they will resort to any amount of financial war crimes to try to make sure that doesn't happen. However, during the last financial war (2008), Gary Gensler came in and enforced the rules congress passed, this time he's coming in again. I believe he will enforce the rules and bring justice to these financial war crimes again as shown by his record; as such before that happens you will see FUD intensifying (which is already happening, expect more of this); as such if you've been in the game this long, you should know the drill by now. + +\---LEGALITIES FOR APES--- + +Let’s talk legal; if Citadel as a market maker is using order flow, dark pools, and synthetic shares to balloon to the height of being too big to fail, they violate a half dozen federal laws and policies, targeting you the consumer. Let’s go over them (I'm a physicist by training, not a legal expert so I'll link the laws and tell you guys my speculation and let legal experts handle it): + +Sources for these laws are coded in this link (I apologize there's a 40k reddit field limit): + +[https://ddextension68.blogspot.com/2021/04/dance-of-darkness-legal-sources-for-apes.html](https://ddextension68.blogspot.com/2021/04/dance-of-darkness-legal-sources-for-apes.html) + +As stated above, I am no legal expert; however, I will tell you of my understanding of them based on the sources I have read, any legal expert reading this is; feel free to correct me and post them in the comment section below (I want a specific rebuttal based on the legal text though, your co-operation is appreciated). + +If a market maker like Citadel, or any other firm that has shorted meme stocks, uses dark pools, collusion, and synthetic shares to try and dupe retail investors that simply "like the stock" and are buying and holding, by my understanding they violate: + +i) Anti-collusion and market manipulation laws: By working together with other institutions they are colluding and manipulating the price, that simple. + +ii) Naked shorting: Borrowing a security that doesn't exist to shorting is straight-up illegal, and if you are caught using naked shorts the fines can range from $5,128 - $14,887 (USD) per naked short (sources are given in the naked shorting section). + +iii) Synthetic share creation: This in my opinion would qualify as a naked short and market manipulation; as not only are you shorting a share that doesn't exist, you are manipulating the market so the price goes down by diluting supply, which also illegal. + +iv) SHO rule violations: From the SEC: Regulation SHO requires broker-dealers to identify a source of borrowable stock before executing a short sale in any equity security to reduce the number of situations where stock is unavailable for settlement ([https://www.sec.gov/investor/pubs/regsho.htm#:\~:text=Regulation%20SHO%20requires%20broker%2Ddealers,stock%20is%20unavailable%20for%20settlement](https://www.sec.gov/investor/pubs/regsho.htm#:~:text=Regulation%20SHO%20requires%20broker%2Ddealers,stock%20is%20unavailable%20for%20settlement) ); as such if a broker-dealer cannot identify the source of a stock, before a short sale, it’s illegal. + +v) Dodd-Frank Act violations: If Hedge funds are found colluding with each other to rig the market using short shares to become too big to fail, that violates the Dodd-Frank Act as it is explicitly designed to stop according to you guess it Gary Gensler the new incoming SEC chairman. + +vi) Insider Trading Laws: Trading based on non-public information; in my opinion, this is blatantly illegal as such the debate is black and white; thus illegal. + +vii) Order flow payment: The SEC and Congress are currently debating whether order flow payment is legal in the first place; we shall see what conclusion they come to. + +This is all I've found so far, but if you find any more illegalities please go ahead and comment down below. + +Wrapping up these financial war crimes (their war crimes, because they are explicitly designed to hurt the innocent; retail investors). If Citadel is using synthetic shares to make itself too big to fail hypothetically it would break anti-collusion laws, the Dodd-Frank Act, prohibition against naked shorting, SHO rules, prohibition of Market manipulation, insider trading, etc. (lawyers have at it); as such, if they are caught, would be facing legal and financial extinction (of course this is just speculation by a dude on the internet, confirm it for yourself; if this is true however and can be proven in court, I believe it can be constituted as a financial war crime and should be dealt with accordingly). Furthermore, if you have insider information proving this, you by the Dodd-Frank Act's whistleblower program are entitled to up to 30% of the settlement amount, so happy hunting apes. + +If you are reading this on [r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) (if this gets on there) this is as far as I can go without it violating the new rules, due to the subreddit’s size; as such, I thank you for reading my work, + +List of additional sources: + +[https://ddextension68.blogspot.com/2021/04/dance-of-darkness-additional-sources.html](https://ddextension68.blogspot.com/2021/04/dance-of-darkness-additional-sources.html) + +Thanks for your attention, and I hope you have a wonderful day; none of this was financial advice, and purely opinion based on the sources given for entertainment purposes. Lastly, I am not a cat, and like the stock. + +If you are still here, this is for subreddits other than [r/wsb](https://www.reddit.com/r/wsb/). We shall begin the meme stonk section for both GME and AMC; let’s dive in: + +\---MEME STONK SECTION--- + +I apologize this isn’t on reddit, however it has an absurd 40kb strict limit: as such I have coded back up links: [https://ddextension68.blogspot.com/2021/04/dance-of-darkness-meme-stonk-section.html](https://ddextension68.blogspot.com/2021/04/dance-of-darkness-meme-stonk-section.html) . + +Within this link you shall find the full extent of the darkpool arguments and memestonks, as well as evidence of 4.6 billion, and 630 million synthetic shares of GME and AMC circulating in darkpools, while entertaining the idea that this is simply just 1 darkpool, using empirical evidence to show it is not the only one; I hope you enjoy it (This is also my first time modularly coding together blog pieces, so feedback would be appreciated)([https://www.reddit.com/r/amcstock/comments/mbuti6/another\_sighting\_of\_that\_possible\_4\_billion\_share/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/amcstock/comments/mbuti6/another_sighting_of_that_possible_4_billion_share/?utm_medium=android_app&utm_source=share), [https://www.reddit.com/r/GME/comments/mcpyid/after\_exposing\_the\_525\_million\_shares\_in\_the\_otc/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/GME/comments/mcpyid/after_exposing_the_525_million_shares_in_the_otc/?utm_medium=android_app&utm_source=share)). + +Going forward this will be a 3 part series for AMC, and 2 part series for GME; you beautiful apes have held so far despite all this and you my friends have nothing but my highest respects, I believe your efforts will be rewarded with Martian tendies sooner rather than later. + +Quickly touching on the next piece FUD: the desperation of shorts, will consist of me addressing "mUh gOvErNmEnT wIlL iNtErVeNe aT 500 #trustmysourcesbro", share dilution (in my opinion will not happen, it's a ploy to get the share recounts), the squeeze not happening (total FUD cause math). As DFV said, hang in there, helps on the way. + +Recap apes; firstly the crucial point is they most likely owe more than 10x float on AMC, and 13x float on GME hence they're desperate, they are resorting to financial war crimes breaking a dozen laws trying to prevent you from picking up your tendie orders, this happened in 2008 and in case anything drastic happens, memestonks are your insurance and you will more than likely have your insurance policy be exercised, all the mathematical indicators for a squeeze are there, now it's just a when, dark pools are designed to hide the truth and hide intent, and because of those synthetic shares in these pools, they are most likely panicking; lastly when this squeezes, you holds you apes hold all the cards, and you, not the institutions, you determine how this timeline and the future plays out. + +\---HIGH LEVEL SUMMARY--- + +A lot has been covered, let’s summarize. This is a repeat of 2008, but this time we hold the insurance policies, in case this moons. The similarities are quite startling, from the SEC chairman Gary Gensler coming to bust this down, them using dark pools to screw the average person out of tendies, committing financial war crimes in broad daylight to shake apes. Furthermore, the dark pools explicitly showing both meme stocks have been naked shorted by at least 10x, this squeeze is mathematically confirmed, and we are looking at a fallout, how big the fallout will be depends on how big the hole they dug themselves with these dark pools; but in any case, apes hold the insurance policies so I believe we should be chilling, and if we continue to buy and hold we are simply buying more insurance for stonks we like. As such to sum it up in one sentence, their hiding in dark pools, Gary Gensler is starting the hunt and we have the insurance policies. + +\---What you can look forward to in this series-- + +As stated above, this series will diverge into 2 hyper focused parts; one GME focused, another one AMC focused. The AMC series will be: + +i) Dance of Darkness: The SEC and Dark Pools + +ii) FUD: the desperation of shorts + +iii) AMC the climb to 10k and battle of 12008.01 + +GME: + +i) Dance of Darkness: The SEC and Dark Pools. + +ii) GME, the journey too Olympus Mons. + +\---TLDR--- + +They’re hiding in dark pools and using ETFs, naked shorting and synthetic shorting to manipulate the market hoping people will sell so they can exit the feedback loop as illustrated; there are most likely multiple dark pools with synthetic shares hence their desperation (+ their overleveraged). These memestocks have become swaps (CDS's: Credit Default Swaps), and those who hold them hold insurance against any financial disturbance. The longer this manipulation continues, the larger the correction will most likely be. + +Lastly, I’d like to offer you two links, that I had to develop due to reddit’s archaic code (best crowd communication technology we have so far though): + +i) [https://ddextension68.blogspot.com/2021/04/dance-of-darkness-thesec-and-dark-pools.html](https://ddextension68.blogspot.com/2021/04/dance-of-darkness-thesec-and-dark-pools.html) + +ii) [https://ddextension68.blogspot.com/2021/04/dance-of-darkness-sec-and-darkpools.html](https://ddextension68.blogspot.com/2021/04/dance-of-darkness-sec-and-darkpools.html) + +In those links, you will find the unaltered cuts of this DD, the first one is edited; however, the Snyder Cut is as raw as it gets. I hope you enjoy them + +\---Final Commentary and Thanks--- + +Thank you for sticking with me and going through this rather long article, the reason why I keep this article long and extensive is because I believe in transparency and integrity. I believe all data should be put on the table, for the reader to determine what they should make of it. I don’t believe in hiding data and guiding people, I believe the average retail person is best suited in making choices that affect their future, as such the data should be transparent and visible. Moving forward, these articles will remain extensive and mathematical in nature; to bring transparency and integrity to the marketplace. Furthermore, I understand there is a lot of FUD floating around on meme stocks, these articles serve as papers that bring transparency, as they are designed to investigate memestonks. + +Lastly, I usually don't do this; however, I will put in a request as we are in extraordinary times now and I believe in the average person and my fellow ape. I would ask you to share this wherever you can (my favorite is StockTwits), Twitter, StockTwits, Facebook, Instagram, WhatsApp, etc; get the message out, I believe there are a lot of people that would benefit from the information posted; also the more feedback going here, the less of an echo chamber and the livelier this discussion becomes—thus, allowing us to learn more about aspects of meme stonks that we may have missed in this article. Thank you in advance if you have shared this on your platforms of choice; I hope it helps a lot of apes; and as DFV, during congressional testimony, alluded to Hang in there. + +Here's a quick quote to encapsulate the entire article in my opinion: "You will never do anything in this world without courage. It is the greatest quality of the mind next to honor"—Aristotle. Finally, here's a quick hashtag you may use if you feel like using social media to make this article spread fast: #DanceofDarkness. + +Legal Disclaimer: None of this was or is financial advice, this is purely speculative opinion based on the sources as presented in this article—as such, it should be both viewed as and taken for entertainment purposes (i.e. the entertainment of ideas). Lastly, I am not a cat, and I like the stock. Thank you for your time. +I’m not sure if I want to stay in this sub because it’s honestly just toxic at this point. Left and right I see so many comments gatekeeping poverty. If you’re not on welfare or ssi then you’re not struggling according to a lot of people here. If you’re able to pay bills and get groceries then you’re not struggling according to people here. If you can pay off debt then you’re not struggling according to people here. If you offer sound advice and it doesn’t work for everyone then you will get shit for it. This sub is a mess, a big mess. I grew up in poverty with welfare. I watched electric guys, water guys shut off our water and electric. I came home from school with eviction warnings. I moved constantly because COL went up each year. I watched my fridge go empty before the end of the month. All of our food stamps used up so we spent 2 weeks without meals and just ramen + rice before we got it. I know poverty and I know how it fluctuates for everyone. + +Fast forward to now and I’m about middle class. My husband makes ok money but it’s not enough to live comfortably. According to this sub though, since we are able to pay our bills and get groceries then why are we here? We aren’t poverty! Fun fact: not everyone here is on welfare or ssi. Hate to hear it but if you’re able to get welfare or ssi count yourself blessed. I can’t waltz in to a welfare office and apply for government assistance. I am rejected left and right from those programs. If you’re poor poor you have more help than if you are in a gray area like us. We are thrown to fend for ourselves, taxed to oblivion for programs we can’t use, having to budget even harder and be more frugal just so we can at least pay our bills. It’s about 250/mo for healthcare coverage + 8k deductible + $40 copay just for my health insurance. So I am without healthcare coverage for the third year now. My job pays bare minimum and I only get 10 hours a week if that. I’ve tried looking for a second job but I haven’t had luck. + +You have no idea what we are all dealing with and the fact I constantly see people here try so hard to defend their Gatekeeping is honestly offensive. I’m not sure why I’m still here between the amount of screenshots that are karma grabs and the Gatekeeping, this sub isn’t about advice or tips anymore. +Does anyone here actually realize what ethereum is capable of? day after day I come across people with decent amounts of ether and they don't even know what a smart contract is. + +Don't get me wrong, sure the money is cool -- but if we can get more eyes and focus on the development aspect the money will multiply several times over and technology will head in new directions altogether. Or we can keep focusing on the money until all the greedy folks have left and there's barely anything left. + +Up to you really, peace! +This is a total out of the ballpark guess backed by no evidence. This post is more conspiracy theory than fact. + +Okay, so we all saw Elon tweet: + +> Ethereum + +> jk + +> What should be developed on ethereum? + +And that was it. Or so was it? For those who aren’t aware, two weeks ago Elon unveiled the **Tesla Robotaxi** (See here: https://youtu.be/0GnH_C6NrOM). He states that he’s confident they will have regulatory approval and one million robotaxis **next year**. This is essentially an autonomous Uber/AirBnB where any Tesla owner can join the fleet at any time. In addition, Tesla will provide dedicated units for places that don’t have enough. + +The ROI on these robotaxis will be enormous. And Tesla can deploy as many as they want *at cost*. Even at 50% efficiency, Papa Elon can make 10x on each car over the course of their 11 year lives. But where does ethereum fit in? Now that’s the question... + +Some of my guesses: + +1. Robotaxis could use smart contracts to autonomously interact with Supercharger stations, toll booths, car washes, and/or other Teslas +2. VINs and maintenance history could be permanently recorded +3. Maybe committing your Tesla to the fleet will be similar to “staking” your car. So, just being part of the fleet will earn you revenue whether or not your car gives anyone a ride. + +I’m sure there are tons of other possibilities that genius Tesla engineers can come up with. Plus, I could absolutely see /u/ElonMuskOfficial making a dad joke about how Teslas “now use gas.” + +What do you all think? No way it’s a coincidence... +Community Points and Polls are a new Reddit feature being tested uniquely on r/EthTrader (see [this post](https://www.reddit.com/r/ethtrader/comments/9khml6/introducing_community_points_polls_an_experiment/) for an introduction). Instead of Community Points we are free to call them whatever we want! So to kick off the new poll feature - **What should we call them?** + +&#x200B; + +FYI, you need to use the [new ui](https://new.reddit.com/r/ethtrader/comments/9kiv09/what_should_rethtrader_community_points_be_called/) to view the poll correctly (inline with the post body). + +&#x200B; + +[View Poll](https://www.reddit.com/poll/9kiv09) +Nancy Pelosi has been in the news a lot lately for defending federal lawmakers trading stocks so I've started to wonder whether politicians here in Australia need to report their stock trades? + +I can't find much information about that online. +So I am posting from a throwaway here for obvious reasons. I am a few months shy of 42 years old. Net worth approaching $1.2 million. I found out three days ago my company is going bankrupt and today is my last day on the job. This came out of the blue. There were rumors of a pending sale/buyout. That would have been no surprise. But this is a shock. + + +Two days notice. + + +I work in a field with plenty of job opportunities, for that I am grateful. But finding a GOOD job----a job that is at a minimum a lateral move, and possibly a step up-----is another thing entirely. I have been having some burnout issues, and my current job was one I could tolerate and actually even enjoy (as much as I will ever enjoy work, it's still work but this was a damn good gig and hard to come by). + + +So now I am left wondering what is next. I can assure you what will NOT happen is for me to jump headfirst into FIRE, start a blog and talk about how this was the best thing that ever happened to me. I have a wife and young child at home. Wife works part time and will increase her hours while I look for something new. That won't be enough to cover all of our expenses. + + + +I have three months living expenses in a money market. I have a brokerage account with enough money to keep us afloat for three years. It also kicks off some dividends which are not all that large, with only some of them being in cash and many of the investments being re-invested. + + +Ultimately the thought of dwindling down my investments/EF is not appealing. I look forward to payday every month so I can invest/increase my net worth, and make a contribution to my daughter's college fund as well. All of that is gone. + + + +To keep it in perspective, there are far worse circumstances I could be in. But while some people post here about a job loss being "the best thing to ever happen to them" when they are close to FIRE, well that is not me right now. Theoretically I could FIRE in an extremely LCOL area. We have not chosen that route. I live in an area that is moderately expensive, although not extreme HCOL. There are too many opportunities for my daughter here to consider a move to LCOL. Not to mention the fact that I would not enjoy that lifestyle. + + +Without going into too many specifics, I will say that I have somewhat limited myself in the job market by going to what has been an extremely "cush" role. If I had stayed in a more high paced/high stress environment, my job options would be much more robust. I made these choices partially because I knew I was on a (relatively) accelerated path to not having to work forever. And also because I could feel something palpable in myself that told me I was on a path to burnout if I continued in those kinds of high stress/busy environments. So for me the FIRE pathway and the job pathway are too intertwined for me to know what came first at this point. I would not say my story is a cautionary tale per se. There is no part of me that has big regrets about the path I have taken, even though I am limited somewhat now I know I can and will find a job to my liking. It will just take a bit longer than it would have otherwise. And in the meantime I have the ability to float us along until it happens. + + +I don't have any overriding message aside from just telling my story here. No regrets in my pathway whatsoever. If my net worth were a fraction of what it is today, I would be far more uncomfortable and nervous than I am now. I am glad to have invested so heavily in my brokerage account and the timing could be worse since we are approaching the end of Q2 which means there will be some dividends coming in to soften the blow. + + + +Be cautious and deliberate when you narrow career pathways based on FIRE. That has been my approach and while it will work out just fine in the end, I can clearly see now how it could be catastrophic in the wrong set of circumstances. +This post is a serious one I made after reading this article. \[ [https://moxie.org/2022/01/07/web3-first-impressions.html](https://moxie.org/2022/01/07/web3-first-impressions.html) \] + +>Shout out to Moxie for actually talking about how shit has just become super overcomplicated for coders to even begin to get into. This article is probably the best critique of the current crypto space I've ever read \^ + +We have these ideas of immutable, trustless, decentralized platforms but most of them have become mutable and centralized with all trust put in the hands of a few servers. + +Cardano, for example, the fact that [sundaeswap took 6 months to release and it's not even fully ready yet](https://cryptosrus.com/cardstarter-and-sundaeswap-a-falling-out-story/) …[plus looking like they rugged cardstarter](https://coin.fyi/news/cardano/cardstarter-and-every-single-project-it-has-launched-smells-of-a-scam-nmrfpt), it’s not a good look! + +"Trustless" doesn't make sense when there's still just a team of greedy humans on the other end of single phone line. I recall when my friends where first getting into crypto a few months ago, best believe it wasn't *‘for the tech’*, it was pure greed, they were aping hundreds into doggy coins hoping to make millions out of thin air. + +Arweave, which was made to solve the issue of NFTs being backed by on centralized servers, is still putting trust in the hands of others, so it's not exactly "trustless" and things can still be flagged for deletion and stuff like that. + +[https://www.arweave.org/technology](https://www.arweave.org/technology) = *"Finally, those that maintain gateways (the servers you will likely use to view the permaweb) can also apply content moderation policies to further safeguard their users."* + +It's tricky though, like if you have permanent jpeg storage on a truly immutable permanent server what about criminal abuse material and other f’ed up stuff like that from being put on there ‘for good’? That's why Arweave has a democratic processes for removal of content if it's deemed necessary, but the problem is it's SLOW! + +Just like Cardano, just like ETH, and Bitcoin, Dogecoin, and so on. All these truly decentralized things are slow as shit. + +**Compare the time it takes to load this:** [https://audius.co/neonanesthetics](https://audius.co/neonanesthetics) + +**With this:** [https://open.spotify.com/artist/4h3dx3iH28dTFooTspQqxd](https://open.spotify.com/artist/4h3dx3iH28dTFooTspQqxd) + +This just really highlights the sheer magnitude of the blockchain trilemma: **Low Cost, Speed, Decentralization. Pick 2.** + +I still believe in crypto, but if this doesn't make you think...I've always said there will probably be a dominant cryptocurrency in the future that solves all of these issues, but less and less am I thinking it will be any networks available today. + +It will likely be built upon 6G network protocols, or some similar competing concept; 6G will basically mishmash the current 5G super-speed, satellite based internet, to that of the internet of things, peer2peer data transfer, and blockchain(s). + +Here's a journal article from last summer: *Blockchain and 6G: The Future of Secure and Ubiquitous Communication* [https://arxiv.org/pdf/2106.05673.pdf](https://arxiv.org/pdf/2106.05673.pdf) = *"the trustless nature of blockchain would make it easier to manage and audit 3D network resources and AI model parameters in 6G networks."* + +Another example, in Windows update there's this: + +[Microsoft Windows Update Delivery Optimization](https://preview.redd.it/jfd16glvkzf81.png?width=732&format=png&auto=webp&s=8119e238830ba28eba85c150763a516e13c85373) + +Now extrapolate that concept out to creating the blockchain and the internet itself, not just simple data transfer - it'll be a mix of current cell-tower tech sped up a thousand-fold by decentralizing server loads through peer2peer means, encrypted, and under consensus - all while having latency speeds measured in single digit milliseconds! + +Here is a latency test of my internet to google: Top is with VPN routed through Portugal : Bottom is without VPN. + +[Ping Command to Test Your Network](https://preview.redd.it/szcppeg2lzf81.png?width=722&format=png&auto=webp&s=4ae7a88e08ba577ff67785c362d5beba976f4b17) + +We need speeds 1 order of magnitude faster than the current best case scenario technologies, and 2 orders of magnitude faster than what's the more "practical" speeds we're used to. + +To conclude this spiel, **I think we're about a decade away from this all.** Till then, I am still having fun learning about money, economics, fiancé, decentralization issues, network effects, but less and less am I feeling married to any single current network/blockchain because they all seem to be unable to carry the load that will weigh on future technological shoulders. +This is about the protected "Goods and Services" option that they give you. + +PayPal tells you your purchase and transfer is protected. It isn't. I hire a lot of freelancers in my business and we use PayPal for transfers. Well 1-2 hours after making a pre-payment, we learned that the freelancer will not be doing any work and was quite deceitful in their capabilities. We disputed the transaction. But within the 5 hours that elapsed, the freelancer had pulled out the money. + +Even though the transaction was "protected" under "Goods and Services" and the freelancer approved the refund (rare), PayPal is waiting for the freelancer to bring their balance to $0 before they give us the money. The freelancer doesn't need to bring their account to $0. + +We feel betrayed by PayPal because we pay them close to $300/month in fees and the one time they need to pull through, they can't. +This is what made me get into crypto 5 years ago to begin with. I've experienced 3 big slaps in the face in my life not taking the chance when I easily could. + + +##1999 +21 years ago I was in a business school for programming. I was On my way to barnes and noble to pick up a C++ book when I heard on the radio Barnes and Noble stock flash crashing to a $1 from about $25-$30. + +I felt something wasn't right about that because the chain was still fairly new, and it was always packed. So many books and magazine sales. They where also building more. I was about to drop $3500. +My friend's father hooked me up with a broker to call. I called and found out I needed a bank account so I did a bunch of scrambling but when push came to shove I backed out. I convinced myself buying a new laptop,some nice clothes, and the new bass system I wanted for my car was money better spent instead of a risk. + + +I literally backed out at the last moment after a tedious process. + +Well one month later or so, it was back up to $20-$25. + +I missed out on $60-$75,000 + +#2006 +I think 🤔 + +Apple announces the iPhone and it was super popular. I knew it was gonna get bigger, and shares were still $1 lol I wanted to put about $2K down. Did the same thing again, got in touch with a Broker then backed out. + +That was over 100x gain. That was Lambo. + + + +Why did I back out? For temporary items when the ones I have are working just fine? + + +So when I met someone in 2016, I had that gut feeling again. And I didn't care if I lost it I just didn't want to miss another opportunity going against what I really feel + + +So I'm holding now and I've been in the green for a long time because I got in early. + +It wasnt luck. It was motivation to make something happen. I'm just a regular guy that didn't want to miss my chance so I took it. +Meme: [THE BATTLE OF GAMESTOP - WSB VS MELVIN CAPITAL (sound on) : wallstreetbets (reddit.com)](https://www.reddit.com/r/wallstreetbets/comments/k4shkv/the_battle_of_gamestop_wsb_vs_melvin_capital/) + +Loss: [Short Bets Pummel Hot Hedge Fund Melvin Capital - WSJ](https://www.wsj.com/articles/short-bets-pummel-hot-hedge-fund-melvin-capital-11611349217) + +\--------------------------------- + +Update: It's not my meme, the credit goes to [Stonksflyingup (u/Stonksflyingup) - Reddit](https://www.reddit.com/user/Stonksflyingup/) . I made this post because I find the current situation amusing. When I first saw the meme, I treated that $2 billion loss as a very large number he threw in there for exaggeration, it's a meme after all. But now it actually happened. Yes I know the loss is not due to GME alone, but then the meme didn't say that either. + +&#x200B; +It’s really wierd how calm I am about this whole thing that it feels like living in limbo. It’s like I’m just waiting around with life on pause until the moass starts, and I’m expecting a crazy ride and I’m fully committed to riding on until after the peak which is to infinity. But with all the DD, dailies and news even it just feels inevitable and therefore really calm, see you all on the moon 🦍🚀 + +Edit: forgot to say that I bought in January 27th over $300 and have been here ever since🚀🚀🚀 +[Original Post here](https://www.reddit.com/r/personalfinance/comments/301lwy/170k_in_student_loan_debt_im_not_a_doctor_lawyer/) + +Here's my one year update for ya'll! Please see my original post for budget and loan details. + + +I'm excited to say I'll be making the final payment on the private student loan (Navient) with the highest interest rate TODAY! **I DON'T HAVE THE WORDS TO DESCRIBE MY EXCITEMENT** In fact, I'm so close to crying (happy tears!) while writing this... + + + +The principal amount in 2008 was $7,350.00. At 8.5 interest it ballooned to just under $9000 last year (despite having made payments since 2012). At the recommendation of you fine Redditors, I started the avalanche method to all my private loans last year. This method allowed me to make more than double the minimum payment on the Navient loan. The last three months I've put more than 4x the payment towards it plus my tax refund. Literally--every penny I could! And with the help of my super-super supportive partner, we're paying it off entirely TODAY!!! + + + +Additionally, my partner and I decided to move out of our expensive apartment and move in with SO's parents to REALLY tackle my private student loan debt. Our goal is to pay off the remainder of my private loans in the next two years, which will be roughly $60k. It's a lofty goal, but we're motivated!! We will essentially live off one income and the other income will be applied to the private loans. Our first focus will be the Chase loan at $35k with an 8.25% interest rate. My parents have also offered to help which will hopefully speed up that two years :) + + + +Thank you SO MUCH r/personalfinance for your guidance and support. Despite the amount of debt, I truly feel IN CONTROL. I also think it's important to emphasize that I'm not doing this alone. Without my partner I would not be able to make this much progress. I am very aware that my situation is not the norm and know that many out there are not as lucky. + + + +TLDR: I currently have a little over $160k in private and federal student loan debt. I'm paying off one of my private loans TODAY! And I've developed a new goal to pay off nearly $60k in TWO YEARS. +# 30-day challenges + +We are pleased to continue our 30-day challenge series. Past challenges can be found [here](https://www.reddit.com/r/personalfinance/wiki/30daychallenges). + +This month's 30-day challenge is to **Cut spending meaningfully!** What does "meaningfully" mean? You get to decide that for yourself, but it should be a bit of a challenge. Set a goal that is neither too easy nor too difficult and track your progress. This month's challenge is about making intelligent spending choices so you can better allocate your money and reach your financial goals. Here are some tips to get you started: + +* If you participated in September's challenge, you have a bit of a head start. Use what you learned to identify a budget category to attack and set a reasonable goal to reduce your spending in that area. + +* If you did not participate in September's challenge, you can still participate! Use [Mint](https://www.mint.com/) or look at your banking statements to review your spending for last month to identify your budget category of choice. + +* Set a measurable monetary goal for yourself. "Spending less" is not measurable. Adopt a specific numeric goal so that you can clearly identify whether you were successful. + +* Keep your goal reasonable. Spending $0 on housing might save you a lot of money, but it is probably not be a reasonable goal for most people. + +# Challenge success criteria + +You've successfully completed this challenge once you've done each of the following things: + +* Identified at least one budget category where you will reduce spending and set a specific goal for that reduction. + +* Shared that budget category, last month's spending in that category, and your measurable reduction goal in the comments on this post. + +* At the end of the month, share whether you met your goal in this thread or the weekend victory thread! + +Good luck! + +A. No random penises and buttholes being posted to the market that would make the marketplace and GameStop look bad + +B. Stolen art shouldn't be an issue, and if so, will be quickly tracked down and user won't have access to sell on market anymore + +C. No low-quality NFT's. The marketplace will be a museum of content, hand-picked by GameStop pro's in charge. The GameStop seal of approval will make this marketplace miles above any other. + +D. Besides just art, the marketplace will be filled with varying types of NFTs for all sort of purpose use, from small and big companies alike. + +E. All of the above will make GameStop the top NFT marketplace in the world, and will be the quality control model that NFT marketplaces needed. + +Have a great Monday, folks! +Hi everyone, I appreciate a lot for your advice here for newbie like me. + +My question is exactly as it is above. More specifically, as I'm searching through posts , I can only find advice for scenerio where there is a significant run-up, ie. "Roll your shorts for credit until you can't anymore then exit both legs together" + +However I can't seem to find advice for how to manage your long leg LEAP when there is NO significant run-up / increase in IV even til your LEAP expiration date approaching, + +And since there is no increase in price, theoretically theta will get worse for my long leg. I'm afraid at some point selling short covered call ( gettting lower and lower in value due to low IV environment) won't be enough to offset the loss of value on the long leg. + +So what would u do in this situation? When do you sell your PMCC? 1 month before expiration? + After a few green days? +I see a lot of posts of people not wanting to get assigned on CSPs or wanting to roll out of the contract so the assignment doesn’t take place. When I write a CSP, I write it on a stock I like, at a price I want to own it at (usually close to the money). Then, I hope to get assigned so I own the stock at the price I wanted and I get premium as a “bonus”. Am I doing this wrong? Should I try harder to avoid assignment for better gains? +I just discovered Hut 8 Mining ($HUT). After wheeling $MARA for quite some time ( I know, not the most thetagang-esque stock to wheel) I ended up selling $MARA for a profit and was looking for a new crypto miner to wheel and then I discovered $HUT. + +I won’t go into detail about it, this isn’t a DD post but you can find plenty of solid DD on r/Hut8 and YouTube. They’re a Canadian based crypto miner that makes money by simply Hodling BTC. + +I got in yesterday at $10/ share around the time of the BTC flash crash and bought the dip again today. Currently sitting on 200 shares @$9.78 avg share cost. I plan on selling covered calls once this thing gets past $11. Options premiums are juicy as you can expect with any crypto miner and yes I am comfortable with the volatility. + +Let me know what your thoughts are on the stock and how you’re playing or plan to play it. + +Cheers 🤙🏻 +&#x200B; + +https://preview.redd.it/9bhpolpozri61.png?width=1500&format=png&auto=webp&s=42996107719f314dc8c24de1c635a262e8e77d6c + +Had this idea while watching [Kamikaze Cash's](https://youtu.be/K78oaoq-wb0) video on intrinsic vs. extrinsic value. Critiques welcome, I'd like another opinion before I dive in. + +I've been tracking $AMD's stock since last spring. Have been wheeling and been satisfied with returns, but in July the stock skyrocketed (partially due to solid earnings and partially due to [Intel's struggles with chip fabrication](https://www.fool.com/investing/2020/08/05/why-intel-dropped-202-in-july.aspx), and my CSP with 100% gain looked meager in comparison to [the stock's 47% rise](https://www.marketwatch.com/story/amd-stock-surges-to-record-after-outlook-contrasts-with-intels-faceplant-2020-07-29) in July 2020 (it hasn't been back to those levels since). *I missed the bus*. Sure, I hopped back into the wheel, but now at $80+. + +Currently, the stock's been trading sideways since that meteoric rise. Sure, it's flirted with $100, but wheeling has been a dream, with big swings but not much true movement in either direction. I don't expect this to change anytime soon, since the [global chip shortage](https://www.bloomberg.com/news/articles/2021-02-05/chip-shortage-spirals-beyond-cars-to-phones-and-game-consoles) is expected to cut sales for at least a few quarters - great product lines are useless if you have no inventory. Nonetheless, this is temporary and I think the manufacturing just needs time to catch up to demand. I'm bullish on the company with Dr. Lisa Su at the reigns, and the computer chip sector as a whole. + +If I just keep wheeling, I fear a repeat of summer 2020. My plan is to use the premium from wheeling to buy slightly OTM LEAPS on $AMD, so IF/WHEN the stock price jumps again, I have an investment with no capped upside. A 30 DTE ATM CSP is currently selling for \~$5.00. Assuming volatility and price stay in the range they've been at for the near future, *only 4 of these trades will pay for a Jan. 2023 $105c (\~$20.00)*. While they currently hold no intrinsic value, they also stand to benefit the most from gamma appreciation, with the delta (currently \~0.6) rising as they get closer to being ITM. Since I won't be capping them with a PMCC, I'm ok with a higher breakeven point as I can leverage myself to \~60 shares (.6 delta) with only $2000 (>1/4 the capital of 100 shares). As long as the stock continues to trade sideways, I can buy more and more of these *without risking any additional initial capital*. When it finally does take off, I have my bus ticket. + +Major thanks to u/VegaStoleYourTendies for their teachings on OTM vs. ITM LEAPS. +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 hear a lot of different things re: leveraged ETF's, and then there are some interesting articles like this: + +[http://www.ddnum.com/articles/leveragedETFs.php](http://www.ddnum.com/articles/leveragedETFs.php) + +[https://etfdb.com/2009/why-everything-youve-heard-about-leveraged-etfs-is-wrong/](https://etfdb.com/2009/why-everything-youve-heard-about-leveraged-etfs-is-wrong/) + +&#x200B; + +What if I found some similar equity with comparable growth and volatility dynamics, what's the difference ? + +https://preview.redd.it/v6zjqhpi3fv71.jpg?width=1747&format=pjpg&auto=webp&s=c0fb05c2d0fbdac2cd402b110dd174a4cac1cac5 + +I was interested in other people's opinions on this page +I've been eyeing this stock for the past 2 to 3 weeks and sold 2 CSP on It already. Unfortunately the value of the stock keeps going up and up and I can't get in on a discount. Does it make sense to just buy 100 shares to do a CC and a CSP at the same time to reduce the cost basis even further or is it better to stick to the strategy and keep selling CSP? +I see this comment dozens of times a day. + +"Coinbase is a lot more expensive than Gemini, so glad I switched!" + +This is completely true, but anyone who has a Coinbase account also has a GDAX account. When you buy on Coinbase it's literally just placing a market order on GDAX. So, to avoid fees, just use GDAX instead. + +Coinbase does have some advantages over GDAX, and this is where the fees come in. + +1) Lock in the price without needing to have any money on the exchange. + +2) Buy with a credit/debit card. + +Otherwise, the fees are basically the same between GDAX and Gemini. + +If you think Gemini is run better and you want to support them instead, that's fine. But stop telling people they need to switch from Coinbase, simply tell them to use GDAX instead. +[10 days out](https://hack.ether.camp/sale) from when they expect to be collecting money, lets look at the state of the contracts that are described in the white paper. + + + # grep "todo" * + DSTContract.sol: // todo: + DSTContract.sol: // todo: reduce issued tokens from total + DSTContract.sol: // todo: preferedQtySold +=... + DSTContract.sol: // todo: inidicate that this is done once + DSTContract.sol: // todo: check the time since last proposal + DSTContract.sol: // todo: Rise Event + DSTContract.sol: // todo: check that time for voting isn't over + DSTContract.sol: // todo: check that the voted can't vote anymore + DSTContract.sol: // todo: 1. check time + DSTContract.sol: // todo: 3. check already redeemed + DSTContract.sol: // todo: 4. mark the proposal as redeemed