diff --git "a/reddit_finance_43_250k_377.txt" "b/reddit_finance_43_250k_377.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_377.txt" @@ -0,0 +1,10000 @@ + DSTContract.sol: // todo: check there is 1 months since last one + HackerGold.sol: * todo: brief explained + HackerGold.sol: * todo: white paper link + VirtualExchange.sol: /* todo: set address for eventinfo*/ + VirtualExchange.sol: /* ~~~ todo: decimal point of HKG */ + VirtualExchange.sol: // todo: check that hkg is available + VirtualExchange.sol: // todo: check that tokens are available + VirtualExchange.sol: /* todo functions */ + +Lets try compiling what exists. + + VirtualExchange.sol:185:72: Error: Expected token Semicolon got 'RBrace' + modifier onlyOwner() { if (msg.sender != owner) throw; _ } + +~~Nope~~ Looks like this is because it was written in an old version of solidity which new compilers can't use, bit weird. I'll try this with an old compiler later. + +When presented with this, the u/romanmandeleil writes +[the following comment](https://np.reddit.com/r/ethereum/comments/56qs2y/what_is_the_consensus_on_the_legality_of_doing_an/d8lphu3?context=3): + +> You are watching not on the last version , we developing the most popular tools in the smart contracts community , we can compile a contract. Once the system will be ready we will audit it and present it to the community. + +which really causes more questions than it answers. I outright reject the notion that there's two versions being developed, one [on github](https://github.com/ether-camp/virtual-accelerator/) which contains a smattering of small changes, and one in private which will need to be rebased to contain these changes. It's not mentioned anywhere that development is happening in private, at least as far as I can see, and why would this even be happening in the first place? + +[A later comment](https://np.reddit.com/r/ethereum/comments/56rd57/the_hackergold_ethercamp_contract_code_is_of/d8lpq9f) reveals: + +> The hackathon event actually starting 5 weeks from now so we have time to present everything. Most of the crowd salles didn't present 20% of what we do. + +Money is expected to be given to this system, enough that they put a $50M limit on the contract side of things, without seeing the code that will eventually be used, and this is supposed to be obvious to anybody reading? The mind boggles. It will presumably be sent to a normal wallet, where it is at massive risk of being taken with no regards to the original purpose. + + +**** + +The user also appears to be using shill accounts as u/Tadlos, u/Elaynest and u/Claudinest (check their comment history), and [screwed up posting in third person about a change they made in their own repo](https://np.reddit.com/r/ethereum/comments/56k7mp/hkg_value_structure_hackergold/d8k8xe7) as if it wasn't obvious. + +> Looks like they going to have cap, although they didn't announce yet + +Pretty blatant attempt at manipulating people to participate in sale they expect might break a $50M total investment. While other questions got a quick answer, directly confronting the user about the possibility of affiliation between the shill accounts and themselves, radio silence. If you look more into the accounts, you see instances of them [pretending to know nothing about the product](https://np.reddit.com/r/startups/comments/4xt642/ask_startups_virtual_accelerator/d6i6rac) and then moments later [posting updates on the judges being added](https://np.reddit.com/r/Bitcoin/comments/4y54zo/jaan_tallinn_cofounder_of_skype_joins_blockchain/). [Other people have noticed this too](https://np.reddit.com/r/ethtrader/comments/56l7v9/daily_discussion_09oct2016/d8lgxm6), based on the poor english and transparency of the comments. You'll also notice there's only a [couple of people](https://np.reddit.com/r/ethereum/comments/56n6rv/were_happy_to_welcome_prof_simon_schillebeeckx/d8lg8sk) who ever stylize the link as <ether.camp>. + +A month ago, they got rumbled [attempting to manipulate a thread in r/startups](https://np.reddit.com/r/startups/comments/4xt642/ask_startups_virtual_accelerator), where of course both of our accounts u/Tadlos and u/Claudinest make appearances acting as people who have never heard about the project. This sort of behavior is well established being used by fraudsters attempting to dupe a mark into giving up their money. + +** * + +This is seriously dangerous stuff that needs a lot more scrutiny than it's getting. There is some [other mixed commentary](https://np.reddit.com/r/ethereum/comments/56rd57/the_hackergold_ethercamp_contract_code_is_of/), with an older topic over on r/ethereum. + + + +Michael Hayes who is the former CEO of Bitmex just said that Ethereum could Hit a price of $10k by the end of the year 2022. + +Yea, I know this sounds rather audacious considering how distant $10k is from its current price value of about $1,800. + +But Hayes sure gave some reasons which according to him could lead to this spike in ETH price… and yea Hayes affirms that even amidst the current turbulence the crypto market is experiencing, $10k is a feasible mark for ETH. + +He believes that once the ETH transitions to a proof-of-stake (POS) system like BNBchain, Zetrix, and Cardano, ETH will now be commodity-based or a “currency bond” as opposed to BTC, which is just pure money…. knowing that there's so much push for this transition for a proof-of-stake mechanism because it is eco-friendly compared to the proof-of-work mechanism + +As reported in +https://bitcoinist.com/ethereum-can-hit-10k-by-end-of-2022/ + +Hayes holds the conviction that ETH is superior to BTC because “ETH is a commodity used to power the computer, not a pure monetary instrument, and hedging your ETH/USD or local currency would mean you receive income or a premium of +6.90%." + +Yea, I know the ETH merge is happening soon, but isn't $10k too much of a mark… how about we say maybe a $4k price value. + +What value do you think ETH could Hit? +So we know that since friday kenny boi is scrambling to locate quality jars of mayo. This journey started from Teterboro airport in New Jersey, and possibly ended in Chicago. Following is the data, and reason behind how I got to the conclusion. + +NOTE 1: If you think that this is creepy stalking, this crosses the line, blah blah blah. Please ignore the post and scroll along. After all there are tons of other posts that you can read. + +NOTE 2: Please find holes in this theory(constructive criticism always welcomed) and do your own research, and let me know what are you thoughts on this. + +Okay the website I used to tracked his plane is [https://globe.adsbexchange.com/](https://globe.adsbexchange.com/). Since flightradar and flightaware blocked tracking on kenny's plane this is the best source available. If you have any other sources available please let me know so I can do my own research. + +NOTE 3: All the times and dates used here will be zulu time, and utc dates. + +O[n 2021-08-20 a private jet with tail number N302AK(kenny's primary jet) left teterboro airport at \~2:30 zulu time, and then landed at London stansted airport at around \~9:02 zulu time.](https://globe.adsbexchange.com/?icao=a326ca&lat=52.272&lon=-33.916&zoom=3.9&showTrace=2021-08-20&leg=1&trackLabels) + +[N302AK Leg -2. 2021-08-20](https://preview.redd.it/xareli9sgvi71.png?width=1920&format=png&auto=webp&s=a83a12f774e284cdf76d4ba2b730b08f3f8344f2) + +[Well this was a relatively quick stop, at around 13:02 zulu time(3 hours after landing) the plane was ready for take off from stansted airport](https://globe.adsbexchange.com/?icao=a326ca&lat=51.338&lon=-0.608&zoom=4.8&showTrace=2021-08-20&leg=3&trackLabels). I believe that this was a quick stop to sign some paper work and pick someone important up from London, and possibly some other airplane maintenance stuff. + +After picking up that special someone kenny boy went to paris, and spent the rest of the day there. + +[N302AK Leg -1. 2021-08-20](https://preview.redd.it/en0nbhd4hvi71.png?width=1920&format=png&auto=webp&s=aeadd520f1286307794db893712c4d0295ff6674) + +Here is where all the fuckery starts. + +On 2021-08-21, at \~8:30 kenny boy was ready to head to Chicago. Hence, mayo man and the special someone boarded the plane and went in the general direction on Monaca. I say general direction, because according to globe.adsbexchange.com the jet with tail number N302AK[disappeared at around 9:20 zulu](https://globe.adsbexchange.com/?icao=a326ca&lat=51.338&lon=-0.608&zoom=4.8&showTrace=2021-08-21&leg=1&trackLabels)time and it was a ghost plane(ie no way to track it) [for about 3 hours till 12:12](https://globe.adsbexchange.com/?icao=a326ca&lat=51.338&lon=-0.608&zoom=4.8&showTrace=2021-08-21&leg=2&trackLabels). Don't believe me check out the data for yourself. + +&#x200B; + +[N302AK Ghost plane 1. leg 1. 2021-08-21](https://preview.redd.it/ofwi8fijhvi71.png?width=1920&format=png&auto=webp&s=c9ff692c33059c40fc1254cf5fdece782ba69587) + +[N302AK ghost plane leg 2. 2021-08-21](https://preview.redd.it/dz6u2s3flvi71.png?width=1920&format=png&auto=webp&s=f3bdc392f02590d905ef79bf74e210b3dbfbed8e) + +What happened to this airplane in these 3 hours, no fucking clue. Maybe some with better plane data can help me out, BUT I FIRMLY BELIVE KENNY BOY WAS DROPPED OFF AT THE DE NICE-COTE D'AZUR AIRPORT. Why you ask? to take him back to Chicago. Let me explain how. A simple google search s[hows kenny owns 2 private](https://en.wikipedia.org/wiki/Kenneth_C._Griffin#Private_jets)jets. First one is N302AK which we have been tracking, second one? I don't know but after my post yesterday someone pointed out that [N421AL](https://registry.faa.gov/aircraftinquiry/Search/NNumberResult)has the same [registration address as N302AK.](https://registry.faa.gov/aircraftinquiry/Search/NNumberResult) So after that I started tracking N421AL(it matched description in wiki), lo and behold this on [2021-08-20 N421AL took off from chicago midway airport at around 22:46](https://globe.adsbexchange.com/?icao=a4ff61&lat=44.985&lon=-75.978&zoom=6.9&showTrace=2021-08-20&leg=1&trackLabels) and landed at... well... [nice-cote d'azur airport in Monaco on 2021-8-21 at around 6:40.](https://globe.adsbexchange.com/?icao=a4ff61&lat=44.985&lon=-75.978&zoom=6.9&showTrace=2021-08-21&leg=1&trackLabels) + +&#x200B; + +[421AL leg 0. 2021-08-20](https://preview.redd.it/cgnem6hljvi71.png?width=1920&format=png&auto=webp&s=f22fdb77743a7eaec32efe0834b54dcd5b71cf00) + +[421AL leg 1. 2021-08-21](https://preview.redd.it/5ffcpehljvi71.png?width=1920&format=png&auto=webp&s=ac7b08ac1fd16fa728664236ca17ec85be52594c) + +[And within next 2 hours of landing this airplane was in air, with kenny on board I believe.](https://globe.adsbexchange.com/?icao=a4ff61&lat=40.980&lon=-72.205&zoom=6.2&showTrace=2021-08-21&leg=2&trackLabels) Where was this airplane headed? Francis Stanley gabreski airport located in NEW JERSEY. I mean why else would a plane take off from chicago(where kenny lives), and fly 6 hours just to stop at monaco(where kenny was) for 2 hours, and go back right where it came from? idk man looks sus to me. + +EDIT: N421AL lands at nice airport at 6:40, is in air at around 8:48. Take off time for N421 and disappearance of N302Ak happens at around the same time. It is well within the range of speculation that kenny hopped the planes. After-all timing seems very sus me to. + + I can only assume that the purpose of this trip was to find more borrowable shares in london and france; so he can drop the price down on monday again. + +[421AL leg 2. 2021-08-21](https://preview.redd.it/7f62ff1gkvi71.png?width=1920&format=png&auto=webp&s=70fb30b7e0e7c556a508dbf70366af8fbb89a0a7) + +N421AL landed at stanley gabreski airport at around 16:34 and[was wheels up at 17:21](https://globe.adsbexchange.com/?icao=a4ff61&lat=40.980&lon=-72.205&zoom=6.2&showTrace=2021-08-21&leg=3&trackLabels). So one can speculate it was for sure to drop something in new jersey. Something very important that he doesn't trust anyone else to drop it. + +[421AL leg 3. 2021-08-21](https://preview.redd.it/brb8simjkvi71.png?width=1920&format=png&auto=webp&s=e1c92d1687e63e41b366c2c498e875a4a7ef5019) + +[Well anyways after that N421AL was headed to chicago midway airport but due to some reason diverted to waukegon national airport](https://globe.adsbexchange.com/?icao=a4ff61&lat=42.115&lon=-87.756&zoom=6.6&showTrace=2021-08-21&leg=3&trackLabels). I say diverted because on the tracking I can see the plane was set up for approach and backed out at last minute. [It was a quick 20 mins diversion and N421AL was at chicago midway airport at 20:15.](https://globe.adsbexchange.com/?icao=a4ff61&lat=42.115&lon=-87.756&zoom=6.6&showTrace=2021-08-22&trackLabels) + +[N421AL leg 4; 2021-08-21](https://preview.redd.it/wd71t7jvkvi71.png?width=1920&format=png&auto=webp&s=4f73543ace1a4820c2f7fc8a9f0c192179b0f84b) + +While N421AL was taking care of kenny, N302AK was running errands in Europe. After N302AK went rouge, it landed the same airport it started from ie paris le bourget airport.[If you ask why? I think so probably to drop someone as, the plane only stayed there for 45 mins.](https://globe.adsbexchange.com/?icao=a326ca&lat=46.585&lon=3.434&zoom=6.9&showTrace=2021-08-21&leg=2&trackLabels) + +[N302AK Running errands. leg 2. 2021-08-21](https://preview.redd.it/p38htmsilvi71.png?width=1920&format=png&auto=webp&s=dec370e711a1b17192ead598094da5ffcacd04dc) + +[At around 14:08 the plane was ready to head back to london stansted airport, again to drop someone or something.](https://globe.adsbexchange.com/?icao=a326ca&lat=46.585&lon=3.434&zoom=6.9&showTrace=2021-08-21&leg=3&trackLabels) N302AK landed at stansted airport at 15:34, dropped someone/something off and was taxing to take-off at 15:41. IKR quick asf. + +&#x200B; + +[N302AK running errands. leg 3. 2021-08-21](https://preview.redd.it/qmdh7eovlvi71.png?width=1920&format=png&auto=webp&s=9afb3734cc2110525a8a2fb977e812954d25dc59) + +[This time the plane was headed NICE-COTE D'AZUR AIRPORT,](https://globe.adsbexchange.com/?icao=a326ca&lat=43.637&lon=7.184&zoom=6.9&showTrace=2021-08-21&leg=4&trackLabels) not sure why? again I am speculating to drop someone/something off(remember he might have picked someone/something up when the plane went rogue). + +&#x200B; + +[N302AK running errands. leg 4. 2021-08-21](https://preview.redd.it/4p1nl281mvi71.png?width=1920&format=png&auto=webp&s=f8d1e38f3652b68f9a06d32dbfc76dc8481e27c2) + +W[ell again, this was a quick stop, within an hour jet was on its way to marseille airport](https://globe.adsbexchange.com/?icao=a326ca&lat=43.637&lon=7.184&zoom=6.9&showTrace=2021-08-21&leg=5&trackLabels). Why? coz to park it there overnight. I mean does anyone why kenny does what he does? + +[N302AK parked at marseille airport for the night. ](https://preview.redd.it/ugp1df54mvi71.png?width=1920&format=png&auto=webp&s=a30de2d68f1dce75f01fda6f3fccc3bd762d754e) + +[And as off right-now N302AK is on the move, not sure where this time but I will track it.](https://globe.adsbexchange.com/?icao=a326ca&lat=44.674&lon=4.397&zoom=7.8&showTrace=2021-08-22&trackLabels) + +EDIT:[N302AK is back in paris, i wonder why? wut doing? ](https://globe.adsbexchange.com/?icao=a326ca) + +Well, this is how I spent my weekend, and I would like to end this post by saying kenny boy can run but he can't hide. + +Lastly, can I be the kenny tracker guy? +If you believe in the DD and that GME is over 100% shorted and that a market crash is coming soon, then there is quite literally one outcome here…. + +Funds that are stuck in short positions will not sell off their long positions in other securities because it will result in them being margin called if they don’t have sufficient collateral. + +HOWEVER + +Funds that are NOT short GME will have no qualms about being the first out of these long positions when things start sliding hard. Understand that we are not waiting for a specific catalyst, a specific rule, or a specific date to trigger this. Simply when the funds that are not short GME decide to take their profits on their long positions because they see the writing on the wall, shorts will be sucked into the black hole and GME will moon. + +Put your phone down, drink some water, go for a walk. The price is irrelevant and we ourselves cannot force their hand. But just know, they will fold and GME will print regardless of FTD cycles or rules being implemented. + +Now be patient and enjoy the ride 🚀 +This is a genuine question. I’m not trying to pick a fight with anyone here. I’m genuinely curious how you guys chose to be dividend investors. From the reading I’ve done it seems very hard to beat the market. Am I missing anything? +To start I do own a few shares of this etf and in no way pumping it. Just sharing why I invested and giving people inspiration to invest. I bought a cannabis etf THCX just hit it’s all time high yesterday at 26$. I bought at 12. The top holdings + +APHA 10% +TLRY 10% +CGC 6% + +Not only does it have some great winners it’s so diversified that it’s performed pretty well. Best of all it pays a dividend. +I think this is a great stock for stable qualified high yield dividend, assuming what they sell doesn't bother you. + +Are there others like this, with a high dependable yield that is also qualified? + +I'm moving my portfolio to 40/40 SCHD VOO and would like to fill the last 20 with stock like MO, 6%+ sustainable yield and qualified. + +For those who aren't convinced, using https://www.dividendchannel.com/drip-returns-calculator/ to backtest DRIP, $10K invested in MO in 1995 would yield $347K today, not factoring in tax, which would make that lower vs S&P 500's $101K means MO far outperforms S&P 500 in the long run. Whether they can continue to or not is up for debate but MO is a great stock in my opinion. +Hey all - I'm turning 18 soon and I'm thinking of investing solely in dividend stocks. + +I've been lurking this subreddit for a while and I've compiled what I believe is the best dividend portfolio. Please feel free to give me advice in the comments on which stocks I should add or remove! + +The goal is to build a method of passive income while in college. + +[aryan.withlaguna.com](https://aryan.withlaguna.com) + +Edit: Thank you to everyone responding! And also big thanks to u/TimeIntention for making this possible with withlaguna.com ! +I have been so burned out on my job - I've been a small business owner now for almost 15 years and have been successful to say the least. In the same industry though for 20 years. I got into GME when it was at $40ish. I have averaged up in these 4 months to an avg of $90. I believe in the stock. Every day that goes by I feel like telling my customers...I'm retired and good bye! Anyone else feeling this way? I'm doing the minimal amount of work but enough to keep my existing customer base happy but I'm telling new and potential customers I can't handle any more business not because I can't I just simply do not give a shit anymore! +Or, your low risk / low reward investments... + +No Risk: +Online Savings/ Money Market - ~1.5% +CDs - 1Yr - ~2.0% +CDs - 5Yr ~2.5% + +Low Risk: +Bond Funds - ~1-3% +Other Mutual Funds? + +Higher Risk: +Blue Chip Stocks? +Just curious what other Australian financial topics we can talk about besides housing, buying a home, selling a home and maybe considering buying a home. We could just pump the AussieProperty sub? or maybe a rebrand here? Sometimes, I like to stick to a strict saving budget to buy like nice runners or maybe a new mountain bike. Anyone out there like to do that? +I’m working at a pizza spot getting paid 14$ n hour. Pay period is from 1st to the 15th getting paid on the 20th. Second pay period is 16th to 30th getting paid on the 5th. I logged all my hours on my phone because boss said 2 weeks probation to see if I’m hired. I went to get my check worked 30 hours between November 22 to the 29th. He said the check has no taxes since he didn’t have my social or info yet, so it was straight up all pay. He gave me 350$ for 30hours which would be 11.60 an hour. 30x 14 is 420. If there’s no taxes. So I’m 70$ short. This dude don’t have me on schedule or payroll. Am I getting shorted on my check and how do I tell him about it. I’m planning on going in there not angry or hostile and just saying I think you read my hours wrong. + +Info: +Asked multiple times to be put on clock said he’d put me on clock after 2 week probation + +- this first check I was told had no taxes taken out because he did not have my ss or personal information. He told me he didn’t take no taxes out + +-was never told my pay for working but asked co workers and it’s 14$ hr + +- he never asked for my ss or even my id until I asked for my check + +-if no taxes taken out my check should be 420$ I got 350$ and the date was wrong on my check + +Update- we got it resolved he had no issue giving me my money. He miscounted I told him and he had no problem. Gave him all my information and I’ll be on schedule and payroll starting tmr thank you to everyone who commented and helped me honestly. I’ll take this as a learning experience thanks to all of you much love ❤️ +Hi + +I'm here just to double check we aren't just unlucky. My partner works as an interpreter for a company on a casual basis. Pre covid her income was always +£1500 net per month. When first lockdown happened, her employer said they won't furlough her because she isn't a permanent employee and just a causal worker. We applied to universal credit and got refused as I have my own income which takes us above the threshold I guess. The main issue is that my partner is in several thousands of £ in debt and it got worse due to losing 90% of her income and she couldn't get her hours in. Is there any financial support that we are missing out on that was meant for PAYE casual workers or freelancers due to COVID ? +When I've tried telling my friends about what's going on they either just ignore me or laugh it off. They look around at the same things I do with inflation and housing and everything but don't see how it's caused by the greedy 1% + +Even on Reddit I post on the work reform subs and the Asian subs and it's either total silence or straight up hostility + +I don't even try mentioning GME on the stock subs because the backlash is wild + + +It's so hard to believe that even with all this DD and all the evidence people still refuse to see what's happening and refuse to risk losing a few hundred or thousands of dollars for potentially millions or billions or more. + +Guess some people would throw away the Golden Ticket even if they bit into it. + +Wild. + +Buy, Hodl, DRS +I have always planned on saving my money, so that I would have enough to anything I needed i.e. car, house, furniture. When I tell people this, they laugh and say I need credit and will have to get a credit card. Am I just being unrealistic or is living without credit possible? +I have a friend who is a real estate agent and she wants to be my agent but she’s kind of new. Is it crucial to have an experienced agent on your side? +I'm fairly new to real estate investing, Live in Los Angeles, and looking at doing a cash out refinance and using the cash to buy an investment property. It seems too good to be true so I'm wondering if I'm missing something and wondering if anyone is doing something similar right now due to the current market and low rates. + +**Current Mortgage** + +* Home Value: $600k +* Current Loan Value: $440k +* Current Mortgage Rate: 3.875% +* Monthly payment incl taxes: $2,700 + +**Cash out Refinance Proposal:** + +* Home Value: $600k +* Loan Value: $480k +* Cash Out: $40k +* Mortgage Rate: 2.99% +* Monthly Payment incl taxes: $2,700 +* $1,500 closing costs + +Basically I can refinance and pull $40k out in cash, keep the same monthly payment, and only pay 1,500 in closing costs. I'd use the $40k and additional savings as a down payment for an additional property that I'd rent out. This seems too good to be true. Am I missing anything here? Anyone doing the same thing right now? + +The other option is to do a regular refinance (no cash out) and save $200 per month. Also attractive, but getting $40k cash right now that I can put to work seems like it has much more upside, particularly if the real estate market dips due to COVID-19 foreclosures in the near future. The $40k in cash would really come in handy to swoop up a deal. + +Here in LA the rent to purchase price ratio is pretty low, so the main purpose of buying another property would for the appreciation rather than rental income (although rental income can be a benefit down the line). +The city is growing rapidly and rents are going up, although of course i'll need to negotiate a yearly get out clause. I'm mindful of the coming global recession and whether that will scupper plans. + + +Taxes seem pretty complex in Portugal, and there seems to be a 2e/guest/night additional tax. As a very rough outline of my current idea of the situation on rent. + + +Tourists come here year round with demand obviously lower in the winter. So rooms at 50% capacity through the winter topped up with events and conferences, and say 90% capacity through the summer 6 months. + + +I've rented large buildings out in the past in different countries, although nothing as big as a 30 person hostel. +This is my brief summary for why stake with a pool, for when Ethereum moves to Proof of Stake. Currently the leader in this space by far is Rocket Pool. It has been actively publishing updates and its founders have displayed good integrity. As more pools emerge they will have different properties, and will have to be analysed separately. So the best question to ask currently is why stake with r/rocketpool. + +&#x200B; + +There are two groups in Rocket Pool network. + +**The Staker who does not run a node** + +**Pros** + +Easy setup and management (Few Clicks) + +API available on applications + +Smaller minimum Eth (1 Eth) + +Deposit Tokens (RPD) + +**Cons** + +Pay Fees (Unknown %) + +Trust in Node provider (greatly reduced by rocket pools design) + +Smart contract code risk (reduced by audits, *etc.*) + +&#x200B; + +**The Staker who runs a node** + +**Pros** + +Gets Fees (Unknown %) + +Smaller minimum Eth (16 Eth) + +Deposit Tokens (RPD) + +**Cons** + +RPL investment required to participate + +Setup and Management + +Smart contract code risk (reduced by audits, *etc.*) + +&#x200B; + +Hope you like my run down... + +See r/rocketpool for more info or [https://www.rocketpool.net/files/RocketPoolWhitePaper.pdf](https://www.rocketpool.net/files/RocketPoolWhitePaper.pdf) + +\*Rocket pool is still in development, figures and design subject to change. +Hi people. I just got paid my annual bonus, and I'm looking to put 70% of it into ETH, 20% of it into alts and 10% of it into a vacation to Croatia. I'd like to keep it to not more than 3 or 4, mainly because I don't want to give myself 10 new charts to obsessively check. + + +I've already decided on Antshares mainly because it looks like the chinese ETH, and because apparently they already have a handle on sharding. The others I'm looking at are Ripple and XEM. + + +Some "nice to have" (but not required) features that I'm looking for are: + + +1) Announced partnerships with major companies/corporations + +2) Are more than 1 year old (possible exception of IOTA) + + +I am fine to invest in coins/tokens that run on bitcoin's blockchain or, but also want to be aware of any new blockchains. So far the only I have found that fit that description are Antshares, Ripple, XEM and IOTA. Any others I'm missing? + + +I'm also interested to hear anyone's thoughts on Factom and PIVX. Any any other suggestions as well, but please say why. If it's an article you read or something, links appreciated. Also, if anyone sees someone talking something up but disagrees, don't be lazy--comment your thoughts! Finally, if you feel comfortable, post your holding percentages. + +Thanks for your help ethtrader! Hopefully we can all learn something. +Last saturday 2 March the dutch start-up GUTS Tickets had another big sale of 50,000 tickets, sold in just 2 hours!! + +Using the Ethereum based GET Protocol. + +[https://get-protocol.io/](https://get-protocol.io/) + +The result was that the GUTS Tickets app popped up as the most downloaded app on iOS in the Netherlands! + +Probably also on android + +If you want to learn more about their mission visit : [https://guts.tickets/](https://guts.tickets/) + +You can read the latest monthly business update here: [https://medium.com/get-protocol/update-february-19-6652f95efac5](https://medium.com/get-protocol/update-february-19-6652f95efac5) + +I thought it was worth sharing:) Shows adoption. + +&#x200B; + +https://i.redd.it/0csc86getgk21.jpg +I don't care who thinks this is a stupid post. I just got a scam email so I am sure others here did too from what looks like Coinbase. First of all, "Confirmation billing account has been update" is not a sentence. The word is "updated". The body of the email contains similar grammatical errors. Second, I don't receive a bill from Coinbase so I wouldn't need to update anything. They make money when I buy or sell. + +I know this may seem obvious to many of you, but some people here are new and might think these sort of scam emails are real. Do not click the link. + +Also, the real clear giveaway, it says to give them a call with any questions and lists a phone number (that probably is part of the scam and not a real Coinbase #). As if Coinbase customer service is sitting around waiting to help me 🙄. +He has had the shittiest luck with medical conditions over his lifetime. Cancer 3x, lung issues, nerve issues, immune system issues... just a whole lot. My MIL took him to the ER last Thursday and we found out last night (a fucking week later) that he had a stroke and an inoperable brain bleed. Literally overnight, he went from being mostly cognitively "with it" to thinking the remote control for a TV is a list of his customers he has to go sell to, and is having a lot of violent outbursts. The guy is only 67. When asked if his mental state will ever recover, we were told "we should get use to the idea of his being his permanent mental state." + + +Hes going to remain in the hospital for at least a few more days, then spend 21 days at a rehab center as he can't really walk. After that, its on us. + +&#x200B; + +My MIL and FIL don't have much money. They have some savings. Maaaaybe $40-$50k. They've been using that, along with social security to get by. I don't know what to do here, or where to even start. My MIL is just totally beside herself. My wife is understandably completely emotionally spent. + +&#x200B; + +My wife and I have a HHI of around $200k, have around $25k of savings we're trying to build up for a single family house, and have a $20k emergency fund. I'm maxing out my annual 401k contribution. I really, really, really don't want this touching our finances. I'm not sure how my wife feels about that. + +&#x200B; + + I guess my questions are..... + +1. How in the world do my in laws pay for full time care? +2. My MIL won't be able to pay monthly for both a nursing home, and her apartment. Any options there?? She is a great person, and I will put her up in our home, but we only have 2 other bedrooms. One is our daughters, and the other is my office/daughters hang out room. I'm ok with converting that. I'm worried if we'll have to have our basement finished, what that would cost. That'd be more than we have saved for a house most likely. +3. How TF is my MIL going to pay these medical bills? They are on Medicare....or Medicade, i'm not sure which honestly, or what the difference even is. + +&#x200B; + +For reference, this is in the US, specifically New Jersey. + + +EDIT: Ty all for your advice. I can't get back to everyone individually, but I am reading them all. I appreciate it!! +EDIT: Apologies for the title. **Expecting.** Dyslexia can be a bitch. + +EDIT 2: For anyone else who is looking for information on this there is a great video on the subject that /u/philosophicalbeard has found. [Here is the video.](http://www.youtube.com/watch?v=XY5SeCl_8NE) +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 +Apologies for creating a new thread but I wasn't sure anyone would see this if I shared in an existing thread. + +I believe the last 5 emojis actually mean: + + +🩳 🏴‍☠️ 💀🤨☎️ + +**Shorts are dead, don't trust the numbers** + + +I see people getting the first part correct, and the latter part incorrect assuming it means margin call or something. + +The 🤨 emoji is 'distrust' (give it a Google). +And the ☎️ represents numbers on a phone. + +EDIT - 🍿💩 = Enjoy the sh*t-show folks +**Tl;dr:** GameStop has been testing ways to introduce NFT tech to the 'layman'. The NFT contest posted by Ryan Kagy seems innocuous but he gathered valuable information about the customer education process. We apes are the BRIDGE that will let GameStop quickly and effortlessly "cross the chasm". We are *both* the **early adopters & early majority**. We are the ones who will teach the public how to use NFT tech and push it toward ubiquity. + +**Ta;dr:** DRS your shares so you can join the imminent NFT party. + +— + +This is all speculation and my opinions based on my experience in marketing and branding. Not financial advice and all that jazz. + +# Introduction + +After seeing the 6969 winner from Ryan Kagy's Twitter [post about his experience with setting up the NFT wallet](https://www.reddit.com/r/Superstonk/comments/qeck79/i_was_rskagy_ryan_kagy_gamestop_nft_education/) (if that's not the right term to call it, please correct me! I'm still an NFT iNFanT.), it confirmed a few ideas I have about GameStop's revolutionary NFT play. + +# The Technology Adoption Lifecycle + +Any new tech company looking to break out of the early adopter stage and into the early majority stage, has to succeed in a major marketing hurdle. It's called the "crossing the chasm" and is the most difficult part of the Technology Adoption Lifecycle. Most tech startups fail in this stage because of poorly executed marketing strategies. Essentially, marketing to early adopters is very different from marketing to the early majority. As lagniappe, Steve Jobs and the iPhone is the all-time best example of how to perfectly cross the chasm. Convincing the world that a touch screen is superior to a panel of Blackberry buttons was no easy task! + +For further information about this idea, I highly recommend reading "Crossing the Chasm" by Geoffrey Moore. But in lieu of reading that book, here is a quick [summary](https://contentfiesta.com/book-notes/crossing-the-chasm/) of the two different stages: + +1. **Early adopters**, *like innovators, buy into new product concepts very early in their life cycle, but unlike innovators, they are not technologists. Rather they are people who find it easy to imagine, understand, and appreciate the benefits of a new technology, and to relate these potential benefits to their other concerns.* ***Whenever they find a strong match, early adopters are willing to base their buying decisions upon it. Because early adopters do not rely on well-established references in making these buying decisions, preferring instead to rely on their own intuition and vision, they are key to opening up any high-tech market segment.*** +2. The **early majority** *share some of the early adopter’s ability to relate to technology, but ultimately they are driven by a strong sense of practicality. They know that many of these newfangled inventions end up as passing fads, so they are content to wait and see how other people are making out before they buy in themselves.* ***They want to see well-established references before investing substantially. Because there are so many people in this segment—roughly one-third of the whole adoption life cycle-winning their business is key to any substantial profits and growth.*** + +&#x200B; + +&#x200B; + +https://preview.redd.it/o3auyc1ebev71.png?width=560&format=png&auto=webp&s=8c1d76d695305cfa885326ebe27b416b4ddc67b5 + +&#x200B; + +&#x200B; + +https://preview.redd.it/jzyk917gbev71.png?width=608&format=png&auto=webp&s=a44a62d51b16f29bb11c899c713cb81f1a516844 + +These images aren't mine. I borrowed them from [here](https://www.hightechstrategies.com/crossing-the-chasm-summary/). + +As you can see in the images, there is a transition period between the early adopters and the early majority. This "chasm" requires a completely different marketing approach if the company hopes to reach mass market adoption. + +# Technology Adoption Lifecycle Case Study: America Online + +Let's think about the proliferation of the internet for a moment. If you want to skip the case study example of the Technology Adoption Lifecycle, scroll to the next section. + +I was a freshman in high school when America Online (AOL) CDs were first being indiscriminately cluster-bombed in neighborhoods around the United States. Quite literally, one could expect a new AOL CD to arrive twice a week. For those of you who didn't grow up with that debacle, these CDs would give you AOL software for free. Actually, I believe they were trial subscriptions, but you could simply create a new account with each CD. So you never actually needed to pay. + +Setting aside the fact that the superfluous amount of CDs was likely the single biggest contributor to plastic waste in the late 90s/early 2000s, they are one of the main reasons why the internet became ubiquitous. + +&#x200B; + +https://preview.redd.it/6jsziwalbev71.jpg?width=400&format=pjpg&auto=webp&s=ad6757c74d3d57984059f0dcbacf539cb319c616 + +Think about it: You have this new tech (the internet) and it only gets better the more people use it. Unfortunately, most Americans have no idea what the hell an 'internet' is, nor how works or how it fits into their lives. Until AOL, it was only known about in the early adopter crowd. + +This was the chasm for the internet. Any company could've succeeded in getting America online (heh!), but only AOL did it. They realized that there was this gargantuan market share that was untapped and ripe for the picking. + +How do you market to this group? You can't throw a bunch of tech mumbo-jumbo at them. Remember, these are essentially Boomers (completely tech-illiterate) and Gen X-ers (suspicious about *anything and everything new*). + +Well, you make a simple, easy, and harmless way to introduce them to the internet. + +1. A CD that they are all familiar with using; afterall, CDs/hard disks were the only way to install new software and everyone with a computer had to use them. The CD installation walked them through the onboarding process, step-by-step (ooh baby!) connecting to the internet. + +&#x200B; + +https://preview.redd.it/5m61y25obev71.png?width=640&format=png&auto=webp&s=9e68f866541158332cd7bca6cc306d3cdc762306 + +&#x200B; + +1. Cute and fun icons with exciting sound effects. Chatrooms (A/S/L?), information at their fingertips + +&#x200B; + +https://preview.redd.it/7oyzdgypbev71.jpg?width=320&format=pjpg&auto=webp&s=d0441c4ff181c0c2a91be019811d6c48aaf17465 + +1. Mass media blockbuster that puts AOL front and center to create FOMO. + +&#x200B; + +https://preview.redd.it/ve5uzyqrbev71.jpg?width=378&format=pjpg&auto=webp&s=0b8476eae947a15ecc2bd4e132886e878da728f8 + +&#x200B; + +In the case of AOL, my opinion is that they actually *forced the* early majority into *becoming* early adopters through ease of use and a streamlined onboarding process. Then relied on the network effect to grow AOL's market share. This was genius on the part of AOL, and many tech companies have implemented this same strategy (Netflix, Facebook, Amazon). Unfortunately for AOL, they are well past their twilight years and will disappear sooner than later. Thus is the circle of life for every company. + +&#x200B; + +# How does this relate to GameStop? + +So how does this idea relate to GameStop? Refer back to the definition of early adopter and early majority: + +Early Adopter + +>*Whenever they find a strong match, early adopters are willing to base their buying decisions upon it. Because early adopters do not rely on well-established references in making these buying decisions,* ***preferring instead to rely on their own intuition and vision,*** ***they are key to opening up any high-tech market segment.*** + +Early majority + +>***They want to see well-established references before investing substantially.*** *Because there are so many people in this segment—roughly one-third of the whole adoption life cycle-winning their business is key to any substantial profits and growth.* + +In short, early adopters are the "*trendsetters*" and early majority are the "*bandwagoners*". + +&#x200B; + +[Have you DRSed your shares yet?](https://preview.redd.it/0ufzezeubev71.png?width=677&format=png&auto=webp&s=707d4386f797543fcf2d1f30d982885947a4f907) + +I believe GameStop will be the bridge that introduces the blockchain and NFT marketplace to the layman. This will make them one of the biggest (both in market cap and market share) blockchain tech companies in the world. + +I [made another post](https://www.reddit.com/r/Superstonk/comments/pnh88n/shower_thought_gamers_are_the_reason_rc_chose/) a month or so ago about why I think RC chose to invest in GameStop. It's nothing ground-breaking and neither is this post. But it's still worth talking about as we approach the heavily anticipated Q4 (looking at you Loopring!). + +&#x200B; + +# Creating the Network Effect + +If we apply the Technology Adoption principles to what we suppose RC is doing, apes would be an amalgamation of early adopters *and* the early majority. He proved this would work with the tenacity we all show when holding GME. We are willing to trust RC and the process and get jacked to the tits about every single thing the company is doing. We could be categorized as early adopters for GameStop NFT. But at the same time, we *aren't* early adopters because many of us don't even know the first thing about NFTs and blockchain. + +Take myself as an example, I know shit about shinola when it comes to NFTs and blockchain. But if GameStop releases it in a way that is easy-to-understand, easy-to-use, and easy-to-integrate into my life, I sure as hell am going to get me a piece of that. + +And apes **talk** about GameStop NFT. We are the one of the biggest grapevines this world has ever seen. Imagine the hype we feel when speculating about GameStop NFT on Superstonk. Realize too, that we know nothing about anything they're doing behind the scenes. Now imagine the word-of-mouth frenzy that'll ensue once GameStop announces what they've been building. Ridiculous. FOMO. + +&#x200B; + +https://preview.redd.it/rlnwxuuybev71.jpg?width=506&format=pjpg&auto=webp&s=17421524f4c4f3341e760e9873be68a6bf2656d2 + +We hear a bunch of chatter recently about other companies purportedly developing their own NFT marketplaces. [Coinbase immediately comes to mind](https://blog.coinbase.com/coinbase-nft-is-coming-soon-join-the-waitlist-today-for-early-access-cc7bac29fd72?gi=c6066883151) and I recall hearing whispers about [Jack Dorsey/Cent](https://cent.co) and [Facebook doing something in the space as well](https://www.bloomberg.com/news/articles/2021-08-24/facebook-fb-explores-nfts-as-part-of-novi-digital-wallet). + +Now before I smack down those companies attempts to do what only GameStop can do, read this about crossing the chasm: + +1. &#x200B; + +>In order to convince your target segment you’re selling a holistic, well-supported product with good references and establish yourself as the market leader, **you have to strictly sell to only your target group**. [Source](https://fourminutebooks.com/crossing-the-chasm-summary/) + +2. + +>What the early adopter is buying is some kind of change agent...**They expect a radical discontinuity between the old ways and the new, and they are prepared to champion this cause against entrenched resistance.** Being the first, they also are prepared to bear with the inevitable bugs and glitches that accompany any innovation just coming to market. +> +>By contrast, the early majority want to buy a productivity improvement for existing operations. They are looking to minimize the discontinuity with the old ways. They want evolution, not revolution....And above all, they do not want to debug somebody else’s product. **By the time they adopt it, they want it to work properly and to integrate appropriately with their existing technology base.** [Source](https://contentfiesta.com/book-notes/crossing-the-chasm/) + +&#x200B; + +Firstly, *who* would Coinbase be targeting to? Current users? Good luck scaling. New users? Good luck getting them. Coinbase may have billions of dollars in valuation but they lack brand equity. Gamestop does not. The very word "GameStop" invokes emotions, memories, nostalgia, and passion. You CANNOT replicate that. + +GameStop's target group — gamers — *are* the target for GameStop NFT. They're one-in-the-same! RC knows this and will leverage GameStops brand equity when they start marketing their NFT marketplace. AND they will be the **first** **mainstream** NFT marketplace. I didn't say the first NFT marketplace, but the first *mainstream* NFT marketplace. Remember, NFTs are not mainstream — yet. + +&#x200B; + +>Immutable Law of Marketing #3: Law of the Mind - It's not important to be first in the market but **first in the mind of consumers**. + +&#x200B; + +Secondly, **about that Wu-Tang Clan NFT album**. If that actually becomes a dividend of some sort, then GameStop will have the beginnings proof of a properly working NFT marketplace that can integrate into existing tech base (hello Loopring!). The early majority **need** this if they are to adopt a new tech. In other words, RC could use an GameStop Wu-tang Clan album NFT dividend as early majority proof of product/service. + +&#x200B; + +https://preview.redd.it/4yz70zl0cev71.jpg?width=1800&format=pjpg&auto=webp&s=9a0ae7d96fcb12dbd9ddac8a632fccce45944489 + +This strategy would also "force" a mass enrollment into their new marketplace by way of apes looking to redeem their dividend (I'm actually not clear on how NFT dividends would be redeemed so anyone with more knowledge, please chime in). This would immediately create the necessary network effect that an NFT marketplace would need in order to work. + +To quote the marketer, Seth Godin, think about the first person to use the fax machine. Who did they send a fax to? You need more fax machines to make them valuable. Right now, existing NFT marketplaces appear to lack substantial network effect. AOL, Facebook, Reddit — they all relied/rely on the network effect to scale their business. But getting the new signups, aka the early majority, costs a LOT of money in marketing. **Word-of-mouth is the cheapest and most effective marketing channel**, and giving apes a dividend would create it on a massive, global scale. + +Basically, in one fell NFT dividend swoop, GameStop NFT will have crossed the chasm without even breaking a sweat. Thanks to apes signing up to redeem their dividend, spreading the word and getting their friends and families to enroll in the marketplace, precious market share will be gobbled up before fast followers like Coinbase, Cent, and Facebook have a opportunity to establish a beachhead. Their deep pockets and institutional investors wouldn't be able help them 'buy' GameStop's brand equity. They will have to settle for competing amongst themselves for 2nd place or create a smaller sub-niche to compete in. + +&#x200B; + +https://preview.redd.it/j0cqh843cev71.jpg?width=540&format=pjpg&auto=webp&s=8f4320d6defb46446538e246d5bbc0bb5698f7d2 + +\_\_ + +**Speculation paragraph:** Circling back to Ryan Kagy's 6969 contest, they have probably been doing in-house testing of onboarding and customer service or technical support-related issues. They also have the advantage of having Loopring's onboarding expertise. I think the 6969 contest was a real-world case study of how enrolling a new person into NFT would look. If we see more of these contests over the next few weeks, then it'll lend more weight to my speculation. + +\_\_ + +This is game-changing, apes. We are all on the cusp of a generational disruptive technology and have front-row seats to the event! Just think, you could've been born in any time before or after today. This is all meant to be and I'm thrilled to be enjoying this journey with you! + +— + +**Tl;dr:** GameStop has been testing ways to introduce NFT tech to the 'layman'. The NFT contest posted by Ryan Kagy seems innocuous but he gathered valuable information about the customer education process. We apes are the BRIDGE that will let GameStop quickly and effortlessly "cross the chasm". We are *both* the **early adopters & early majority**. We are the ones who will teach the public how to use NFT tech and push it toward ubiquity. + +**Ta;dr:** DRS your shares so you can join the imminent NFT party. + +Edit: Formatting + +Edit: Restoring lost images +I’ve just moved out of my previous apartment because my previous landlord sold the property. The new landlord asked us verbally to leave by sept 30th. My girlfriend and I lucked out and saved some money by moving in with family. We weren’t too upset about the move but, the new landlord has been a bit of an asshole. He didn’t speak to us about a move until a week into September, the construction workers would play music loud at 8am despite my girlfriend working from home, and just yesterday we came back to the apartment to grab the rest of our items, only to find they had went into my apartment and ran an extension cord through the second story living room window! Now today he’s asking for rent! Do I have to pay? What about my moving expenses? I didn’t sign a rental agreement and live in PA. +Throwaway account. First off, thanks to everyone in this thread for the years of guidance. In my mid-30’s, single, US citizen based abroad, current NW \~$4m fully derived from what is explained below. No home, still rent and live a pretty lean/minimal lifestyle. + +I was fortunate to cash out \~$6m (pre-tax) in crypto in December to lock in some security. To clarify, my job is in crypto and this job granted access to early stage opportunities that profited through both work upside and investment upside. There is still additional upside tied into many of these contracts for the next 1-2 years, fully dependent on market performance though so no guarantee. + +In short, I have absolutely no clue what to do now with this money. All of the funds are currently sitting in my bank account. My idea was to throw most of this into index funds (DCA) and let it compound while living off of future earnings. Truthfully, the current market is making me hesitant and I am getting rapid analysis paralysis. Inflation kills cash, equities are currently a falling knife, real estate is hyper inflated, crypto is…dead :) etc. + +My goal is to keep things simple and beat the market. I am not looking for any more home runs, but I would also not enjoy watching things go backwards. I prefer simple portfolio allocations and minimal headaches, hence the traditional FIRE ETF approach. + +Do I simply just start deploying into ETFs asap and disregard the current slide and urge to time the bottom? Buy real estate for the sake of preserving some of this cash? Looking for any and all guidance. I know the general consensus is to not time the market, but is waiting a few months until we get clarity completely amateur given the inflation eating into this cash sum? + +Thanks in advance. +I just don't understand how the "metaverse" won't just be a gimmick that is never widely adopted. I do not see how it can be more attractive than just regular video chats where you see the actual person. What am I missing? + +I've used VR headsets many many times and have owned one of my own...one of my biggest issues is that you get fatigued with that headset on your face pretty fast. It puts weight on your face, it makes you too warm, and my eyes get fatigued staring at that screen for an extended period of time. + +Furthermore, with a video chat, you see the actual person, not just some animated cartoony looking version of them. With a video chat, you see a person's subtle facial expressions, whereas the metaverse characters only pick up body movements and I don't see how they'd ever get to the point where they can pick up on every little facial expression that an actual video can pick up. + +I do think the metaverse can produce some really fun gaming opportunities, although I still feel they're a bit gimmicky. I have noticed that Mark Zuckerberg seems to focus primarily on the business application of the metaverse. I just don't understand how the metaverse can convince any significant number of businesses to buy metaverse equipment and get into the whole metaverse, when we already have video chat capabilities. + +I believe Zuckerberg is a smart guy, but I don't understand how going ALL IN on the metaverse can possibly be a good idea. Obviously there are other players in the metaverse space (not just Meta/Facebook), but Meta seems to the the furthest along and they're pouring billings of dollars into this. The thing is, I think the traditional Facebook businesses are a solid investment. Their "Reels" are growing very rapidly. 50% of the time people spend on facebook is on videos...a lot of that is Reels. 20% of time on Instagram is on Reels. They're fighting back well against Tiktok. But the fact that they've changed their name to Meta and they're going all in on the Metaverse makes it impossible for me to invest. + +Thoughts? Am I missing something? + +EDIT: Okay a bunch of you keep bringing up how the Internet was initially viewed as a fad, implying the metaverse is destined to explode like the Internet. That's just illogical...how many tech ideas have been absolute busts that you're just ignoring? This discussion is about coming up with theories or use cases as to what could attract a billion people to the metaverse. Don't just point and say "the Internet exploded!!!"...**create a discussion about what you think could make the metaverse explode like the Internet did. This whole discussion is supposed to be around theorizing use cases that could bring metaverse mainstream (i.e. to 1 billion users)** +Next stop is the Senate, where the vote margins are substantially slimmer. + +If the Senate approves a bill it goes to reconciliation, where any differences between the two bills must be resolved by a House-Senate committee to produce a uniform bill. That's how, for example, the ACA mandate repeal could end up in the final bill even though it is not in the House. Then that compromise bill goes back to each chamber for a majority vote. + +The final compromise bill still has to meet the Byrd Rule in the Senate, and the vote margin is razor thin, so the Senate has a lot more leverage in reconciliation negotiations. Essentially, the final bill is likely to look a lot like the Senate bill (assuming one passes). + +Some in the House have balked at the current Senate proposal, but I suspect when the compromise bill is actually on the table, Ryan will be able to whip the votes. 13 Republicans voted "no" on the House bill, and they can "afford" to lose about 10 more and still pass a compromise. + +This was a small step, but the most important step in the process is whether the Senate can actually pass a bill. +As ETH got popular I feel like this sub went down in quality. I don't mind the occasional celebratory meme when ETH hits a price milestone but recent I've been noticing a lot more circlejerk which usually tends to bash bitcoin, ripple, etc. I'd hate for this sub to degrade to some ingroup/outgroup mob that is antagonistic to other alt coins. +I think one of the things that makes Ethereum so exciting is that while it does act in many ways as a currency, it really feels like it has the potential to really revolutionize the way the internet exists. If this potential is real, than it means as a currency it is so much more solid of an investment. Do you think that this could really be the beginning of a technological revolution akin to the internet, Facebook, Google, etc? + +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. +Started with 30k capital in June. Withdrew 25k this past month to pay for a car. + +My first trades were HTZ Bought 6 Oct 16 6C @ 1.48 $888 and H Bought 2 Aug 21 70C @ 5.40 $1080. + +My most profitable strategies were short strangles, short puts, occasionally short calls and deep delta long calls. + +My biggest losses were earning plays on TGT and BYND. Lost 10k/27k respectively. The lesson I learned was to be consistent with my losers, so cut em loose sooner. + +Some other things that helped me this year were patience, risk management, exploring new strategies, keeping a watchlist and looking out for patterns/trends. The options sub was my #1 source of education when I started. I always asked questions in the noob thread, and probably combed through 80% of it’s history to learn as much as I can. Very thankful for people like redtexture, papacharlie9, maxcapacity, esinvests (Erik) for being mentors to new traders like myself. + +I do know I am still an amateur. I will still be a regular on the noob thread, but I wanted to share a bit of my story to cap off the year. I have no friends who actively trade the market :( + +[https://imgur.com/RjueIgy](https://imgur.com/RjueIgy) +[https://imgur.com/swfsLp4](https://imgur.com/swfsLp4) + +&#x200B; +I know how you feel. We know all the DDs and we know the SHF’s are fucked. But there is also this little voice that says: **“I’ve never won anything. This is too good to be true...”** + +If the MOASS seems too good then just think about the potential growth of the company. For me this is a long term investment. I will keep x shares and after the MOASS I will also reinvest in GME. + +Just look at the current market cap \~$20B and compare it to other companies (AMC \~$30B; Peloton \~$33B; Chewy \~$33B; ATVI \~$75B; Starbucks \~$130B; Walmart \~$400B; Amazon \~1600B; Netflix \~220B; Zalando \~$25B; Booking \~$95B). Not all the companies are really comparable, but good to get a feeling. + +GameStop is debt free, super hero management team, millions of loyal customers, loyal shareholders, has a revolutionary nft concept (suspected), one of the fastest growing industries, huge retail infrastructure, strong growing e-commerce, strong brand... + +Is it possible that GME will get a market cap of >$50B and a stock price of >$750 in the next years? Absolutely! The current share price is still very cheap. It’s just a really good investment. + +So don’t hype dates and don’t get disappointed if the MOASS will not happen this week. **They have to cover their shorts. Be patient and remember the floor.** [**www.gmefloor.com**](https://www.gmefloor.com) + +We just have to **HODL and BUY**. So just two things (I hope you voted). + +No financial advice I’m just a retarded ape. +Basically the sec is now stalling. It’s becoming very apparent Jay Clayton went ahead with this lawsuit prematurely and without concluding an investigation. The guy literally did it on his last day. + +The court has ordered the SEC to hand over documents regarding Eth and BTC twice and they still haven’t done it. The sec is starting to look like a complete embarrassment. But ripples fair notice defence is where they can win at summary judgment. + +The sec had 8 years to bring the case forward. They had 8 years to help crypto but instead Jay Clayton filed the lawsuit on the last day. Ripple are now saying they did not have fair notice. The SEC sat on their hands and didn’t assist crypto in anyway. If ripple win the fair notice defence that means the SEC cannot go after the OG cryptos. They fucked up, by sitting aside and doing nothing they have essentially dug their own grave. +https://www.bbc.com/news/world-60542433 + +**The EU, US and their allies have agreed to cut off a number of Russian banks from the main international payment system, Swift.** + +"This is intended to cut off these institutions from international financial flows, which will massively restrict their global operations," a German government spokesman said. + +Russia is reliant on the Swift system for its oil and gas exports. + +But the move could also harm Western businesses doing business with Russia. + +Swift, or the "Society for Worldwide Interbank Financial Telecommunication", is a secure messaging system that makes fast, cross-border payments possible, enabling international trade. + +The measures agreed by the US, UK, Europe and Canada also include restricting the Russian central bank's international reserves, the nations said in a joint statement. +I bought at an average of $35. Pretty sweet now looking back. My wife an I borrowed (some of our own money) to take our position in ETH. The goal was to make a potentially life changing bet on ETH. After we bought, I was quick to drop comments into this sub telling people to HODL and not to panic during the corrections. The plan seemed so straight forward. Buy at $35 and sell at $1000 (minimum). Never sell when the price drops, and just HODL till $1000/ETH. + +What I didn’t anticipate was the existential crisis that would unfold during our progression towards our actual goal. To be clear, I’m an all or nothing kind of guy. And so is my wife- generally. Yesterday we crossed an big threshold. We now have the ability to pay off our house entirely. Literally. I can live without a mortgage for the rest of my life. WTF. + +However, that was never the goal. The goal was $1k+ per ETH minimum. At that point retirement is virtually guaranteed. I never considered how much harder it would be to sick to the plan, after it was clear that the plan was working… I knew I would never sell when the price drops, but it’s actually much harder when you can see you destination on the horizon. + +OK Longterm holders, can you share a little about how you’ve handled hodling through life changing increase in valuation as you plan for your exit? Also, if you have a partner, how to you work it out together? +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! + +Prediction: + +The Etc hype is at its peak right now. There has been a wave of exchanges accepting it. That wave is now nearly complete. Noobs see this as "the ecosystem" giving Etc credibility and support. In actuality it's just exchanges trying to be impartial and not pick winners (except Polo). + +Agree or disagree on the future of Etc, but this is a fact. Exchanges adding Etc gives a false sense of rightfulness, at least partially. People just don't know the distinction between system value (with all that it entails) and artificial value, for the lack of a better term. + +Now once all these exchanges have added Etc, what is next? I predict weeks of calmness, Bold prediction i know given the status quo, but so right. How fun do you think it will be to sit there with Etc when there is nothing happening and the price slowly starts to dwindle as the pump subsides? How will they feel once they realize that buying Etc now is literately the same as buying Ethereum pre DAO minus the controversy, the dapps and all the devs. It's nonsensical. + +Meanwhile Ethereum is over here with all its dapps and new development, even better Ethereum now has a new entry point. All these Bitcoin fanatics (and others) have gone through the Etc door, making the transition to Eth more convenient. They will all learn about Ethereum. Similarly as we all did once or twice before we started to understand the potential. + +Currently Etc is a problem. From next week and onward it's a PR machine for Ethereum aimed at all these kids who for some reason hate technical progress, because that is what this really is about, making efficient solutions for tomorrows automatizated and more autonomous "smart world". + +tl;dr Rejoicing around a rejected chain born out of spite is probably not gonna work out that well, just saying. + + +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! + +So I started writing down my expected expenses to see what I could afford with which job, and was surprised by how low the total was. Now I'm wondering what I'm missing, if anything. + +I'm in Germany, but cost of living seems to be very similar in France, Benelux and Southern Europe. + +My assumptions for monthly expenses: + +\- 15% of salary goes to retirement savings + +\- 750€ rent (50 sqm apartment for 15€/sqm) + +\- 200€ utilities (heat, electricity, wifi etc.) + +\- 150€ food + +\- 80€ on a public transport ticket + +\- 100€ depreciation (for irregularly bought items like electronics, furniture, clothes) + +\- 50€ on fixed costs like phone contract and insurance + +\- 50€ for other basic stuff + +With a net income of 2500€, that would leave me with over 700€ a month of "fun money" to spend on whatever stuff I want. Since plenty of people earn more, what do you do with your money? From your experience, what else would you be spending money on? 700€ in fun money already seems like a fairly decent amount to spend on going out, hobbies, vacations etc. + +Edit: I live alone and expect that additional costs for kids will be covered by my partner. +Recently received an email from Degiro saying they have increased rates for all transactions by 0.50. +But when I go here [https://www.degiro.nl/data/pdf/Tarievenoverzicht\_September\_2022.pdf](https://www.degiro.nl/data/pdf/Tarievenoverzicht_September_2022.pdf) I see that transaction fees has changed to zero for US Stocks from 0.50. +Anyone confirm this? +Hi guys, + +I am looking for a bit of advice. Eastern European here. Me and my wife have been working abroad but due to COVID have returned home for good. I am 33 she is 31. We are expecting our first child due in September. I am currently employed with my salary covering all expenses, we have no bank loans. Wife will not be working for next 2.5 years because she will take care of the baby. We have about 15.000€ in savings that we wish to put to work on creating some extra income on mid-long term. What are the best ways to invest this extra money? Appreciate any advance I get. Thank you. +All US-based and international brokers I've tried won't take me as a client given my dual citizenship and residence in finland. Nordnet was the only broker that allows me to trade, but bans me from buying any US-based companies. Also, I understand any non-US based mutual funds and ETFs would be regarded as PFICs by the US government, and as a result be heavily taxed. I would like to invest in a ETF or something comparable, but so far I haven't found any good solutions. Any ideas? +My company offers a corporate pension in which part of my salary goes to that pension. With these conditions: + +- 8% of my salary is tax-free (Up to 6.432€ in 2019). +- Half of that is also exempt from social security contributions. +- My company matches 20% of what I put in the pension up to 268 €/month or 3.216€ per year (I don't know if the ceiling is my contribution or theirs, should ask that). +- On top of that, my company offers 20 euros to the pension free of any tax or charge. + +This apparently, looks good, but my concern is. I'm a Spaniard living in Germany. I have no clue where would I end up living as my girlfriend is as well from the EU but neither German or Spanish. And this pension is tied to retirement. I have no clue what would happen if I decide to leave Germany. + +As far as I know, this is a standard corporate pension and maybe one of you have experience or knowledge about it? + +Thanks in advance. +I've gone through several threads but I am still confused if I just buy VWCE or also include small cap. AFAIk small cap is only etf which make sense to include if oyu want to stay on a passive side. + +Some say having 10 - 20% exposure to small cap over long term can help, other say [it doesn't](https://www.lynalden.com/small-cap-stocks/). + +Adding additional etf complicates a portfolio and I not sure if it makes much of a difference and seems like there are other opportunities for me (like a career) to focus on. +Hello people + +I hope you all are doing well. I’m an Asian who came to Europe to study in 2019 and have been working for the past 8 months now. + +All my life I’ve been in tech, and this is the first time I’m earning in my life. I’ve started to look around for studies in wealth creation, and have been reading on stuff, doing and covering my basics. Following is a small summary about myself and financials: + +• Age: 24 + +• Risk Profile: Medium High + +• Student Loan: 23,000€ @11.75% annually + +• Emergency Fund: covered for 4 months + +Since the interest rate being charged is quite high, my first aim was to clear that debt. So I’ve been paying around 1250€ per month for the past 5 months to cater to that. + +Since around half my salary goes into paying off the loan, I’ve developed into a certain lifestyle where I cover my basics, my rent and some lavishes, and still have around 300€ left to spare. I know this sounds living gingerly but the lockdown has helped a lot. So, I thought to make the most of this money, and start investing into funds, for which I consulted financial advisors here in Ireland. They made me conduct some risk profiling, analysed my assets and money, and based on the results, suggested me some funds. + +A quick note: when they asked for my future plans, I was mostly inclined towards Financial Independence based on which they suggested me the following funds: + +• Indexed World Equity, managed by state street global advisors. + +• Savings Plus, managed by Zurich Life Assurance plc + +• Prisma 5, managed by Zurich Life Assurance plc + +Now this is good, but I’m not sure how to assess the funds or these financial advisors. Also, does this sound logical to you, or shall I even pay these 300 to the loan? Once my loan pays off, I’ll mostly have 1000 extra to contribute to the investment when I can be a bit more cautious in the sense I can look for funds less risky for long term gains. Can you guys help me with this? Like suggest me if I’m doing right, thinking straight or any other suggestions? + +Please excuse if I sound stupid or silly or if you guys need any other information, let me know. I’m just looking to make the best of it. My friends suggested me crypto but I’m just skeptical so totally sidelined the whole idea. + +Thank you +Yes, i know short term investing isn't ideal, but i'm stil in school and saving up for a car (3.5K). I want to invest this money in a fund or etf monthly with low risk as a learning experience for future larger investments. Any losses will be seen as the cost of learning and any gains are a nice bonus. + +My plan for now: + +20% cash in savings +30% Fidelity-global dividend fund Y EUR hedged (LU0605515880) +50% Schroder international Selection Fund EURO Corporate Bond Z (SECBZEA) + +Thanks in advance! +I'm 18 and i have been CFD Trading and making an average of 500 to 1k a day, what should i do with the money? +I barely have any expenses since i'm still living with my parents. + +Never had this much money before so i'm looking for some guidance. + +Thanks in advance. +I live in upstate NY if it matters. Average grocery bill, including toiletries, detergent, kitchen stuff, etc is $300/month. + +I know this is probably kind of high and there is room to cut back, but I would have to eat less or have lower quality meals. + +Anyone think this is extremely high, or just a tad bit high? +i have lost my job (engineering field), my vdhg investments got slashed by 10%, am not in good mood these days ive been applying for jobs but everything seems to be slow progressing... + +i was hoping things to go normal this year but Melbourne /US proved me wrong and made me more worried, how do you guys cope with current situation ? I'm not depressed or anything but just the uncertainty is a bit tough. + +Edit: Thanks everyone for your support and comments! +So I've been using eTrade for several years now along with Fidelity for my trading. Mostly eTrade for my daytrading activity. Playing with around $30k in capital and using margin. I'm not really committed to either. I'll keep my long-term 401k/HSA/IRA investments sitting at Fidelity (but that is not actively traded) but want to consolidate by active trading and daytrading so now is a good time for me to find a new broker. + +I was tempted to just go with TDA and the ThinkOrSwim platform. But then someone suggested I look at Interactive Brokers and their TWS platform and another review suggested TradeStation. + +My question is if you were starting from scratch - meaning you didn't already know a platform deep - which would you want to start with today? + +My hesitation with TDA/ThinkOrSwim is that I've seen multiple folks, including on this subreddit, complaining about execution time. Since I do daytrading that does matter - although it'll probably still be better than eTrade. +With the upcoming stock split, does anyone else find it completely nuts that hedgies are still manipulating the stock price lower? How in the world is giving us the opportunity to buy MORE cheap stocks going to help the once the split happens? + +It seems to me that apes are almost all in favor of the split, and it will almost certainly be approved, so what's the deal? Am I just going crazy here? How could this possibly be happening? I honestly just can't wrap my head around this. What am I missing? +I have recently started investing in the crypto market and bought around half a Bitcoin at around 48k a few weeks ago. I am starting to feel nervous about this but and I am wondering what to do. + +I want to own TSLA at about 750-850. +Am I missing anything with my strategy below? + +TSLA currently trading at 1544 +Write an ITM put at 1550 with the March 2022 expiration date. +Get 73,425 in premium and effective price is 155,000- 73,425 - 9.95 (fees) = 81,565.05. Effective buy in price 815.65. +I want to get assigned. I want TSLA as a buy and hold but at a buy in of less than 850. +I have 200,000 cash in my trading account to secure the put. +Any advice on potential errors with my calculations and strategy would be appreciated. + +Thanks. +Yahoo Finance on Aug. 3, 2022: + +https://ca.finance.yahoo.com/news/7-million-retail-investors-left-091835872.html + +Well done, autists. + +You make me proud. + +Now let's get that number up to 10 million. + +Calls on Wendy's chicken burger sandwiches. +This page has some interesting details on cryptocurrencies or changes that are going belly up in recent days: https://web3isgoinggreat.com/?id=bitprime-exchange-forced-to-pause-trading-due-to-lack-of-liquidity + +---- + +Here's the notice from the BitPrime exchange itself; I've posted the text from that BitPrime page below too: +https://www.bitprime.co.nz/important-notice-for-all-customers/ + +# Important Notice For All Customers +As you may have noticed over the last 48 hours, trading on the BitPrime retail website has been suspended. Since then, a maintenance notice has been up on our website. + +This pause in trading is due to liquidity issues combined with extreme market volatility, which has increased over the last 48 hours. + +You may have also noticed we have temporarily suspended trading on the OTC platform for the same reason. This pause in trading is likely to continue for a short while longer. + +--- +--- + +I realize that this isn't directly related to GME but I think that the liquidity crunches could have a domino / cascading effect across the market. + + **BitPrime ~~is the only exchange in the world - well, was - that~~ allowed you to trade Eth and Btc for New Zealand dollars.** Edit: I've been corrected! A Kiwi ape (below) left a comment saying that they also use Swyftx to do NZD<>cryp. trades. + +I wonder what impact the shuttering of the exchange will have on the New Zealand Dollar. NZ is an interesting economy what with all of the uber-wealthy tech billionaires who fled there during the early portion of the pandemic. +So we have this PPT coming in to pump up our market. Then at the same time we have HFs and MMs doing everything they can to bring prices down...shorting...ftds...swaps..whatever their tactics may be. If the fed is pumping in tax dollars and the HFs are just turning around and shorting the market..including gme. Isnt that just the fed giving money right to the HFs? If they are pumping money in and its just being eaten up by HFs shorting practices...isnt this essentially just handing tax payer money to these financial criminals? +For your interest, [Not One Ivy League Endowment Beat a Simple U.S. 60-40 Portfolio Over Ten Years](https://www.institutionalinvestor.com/article/b1c1c4tq2bjm3c/Not-One-Ivy-League-Endowment-Beat-a-Simple-U-S-60-40-Portfolio-Over-Ten-Years?utm_source=Twitter&utm_medium=Organic%20Social&utm_term=Editorial&utm_campaign=Institutional%20Investor). +I store historical data as a mapped numpy array. It usually takes aprox. 1-2 minutes to load and trim 10 years of h.d. (the array size is about 200MB). + +Could it be faster to load data from some kind of database? +Hello all, I recently saw a post that mentioned the faults of a beginner, mainly over confident and lack of knowledge of how to build algorithms. What are some good books that you could recommend that help with writing algorithms? +Hello all + +I am a computer science student who has just begun coursework. I decided that it would be fun to create a trading algorithm/ bot as it has practical uses (and I can use backtesting to tick all the evaluation boxes on the mark scheme) . I’m an experienced coder (mainly in python) but can branch out to other languages if I need to, however I am not too familiar with the stock market. I was thinking I could make an arbitrage bot however I don’t think this would be the greatest. I have access to real time data using the alpha vantage api. Anyone have any ideas for cool but useful things I could do with it? +I know that the process of becoming a market maker on typical exchanges (NYSE, ARCA) is lengthy and expensive. + +Is it easier to become an AMM for crypto? + +What are the legal implications since many exchanges don’t even allow US? +I’m about to implement a backtesting library in my python framework. After some research, it looks like the 2 best options are Backtrader and Zipline. + +Does anybody have experience with both? What are the differences? What do you reccomend? +(I mainly trade crypto) +This is a model I build using a linear regression to produce long and short signals for SPY. The dependent variable is a 50 day future return while the independent variables are: + +* 12 month CPI percent change, +* differences between spreads for 10Y-2Yr and the 10Yr3Mo yields, +* SPY to high yield spread (AAA Bonds) +* GLD price +* Moody AAA Corporate Bond Yield + +The Adj R Squared is 0.46 + +It is currently overfit and I still have some work to do but thought I would share. The OLS model is trained using data from 2000 to 2014 and the rest of the predictions are on unseen data. + +Anyhow the big takeaway here is that it continues to predict negative returns over the next 50 days for SPY and actually some of the worst predictions to date. + +I look forward to constructive feedback. Has anyone gone down this rabbit hole? + +First image is the regression summary. + +Second image is the cum sum of the return assuming you follow the signal. This is overfit but thought I would share anyhow. The reason it is overfit is because I trained the OLS model with data from 2000 to 2014-1-1 and this obviously starts at 2000. Got to run now but I can update with post 2014 data later. + +&#x200B; + +The following images are of the predicted return over the next 50 days as well as the + +https://preview.redd.it/dpdctj0utm691.png?width=868&format=png&auto=webp&s=488197c12541d6b25086561a37cbb4cba328ca7d + +[Cumulative Returns SPY vs. Strategy. This is overfit and needs to be changed for after 2014. Still fun to see. ](https://preview.redd.it/2vmlsqg2tm691.png?width=864&format=png&auto=webp&s=affb2560811b25b39acfb8c34bebce79093e62d6) + +&#x200B; + +[This is the predictive returns of the SPY over the next 50 days](https://preview.redd.it/kty7j9i2tm691.png?width=882&format=png&auto=webp&s=6687f28d090812ae667824a4f1fd56403c2b1a53) + +[This is the signal. 1 for positive return and -1 for negative returns. ](https://preview.redd.it/eh20g9i2tm691.png?width=889&format=png&auto=webp&s=c511e50c4f0ac508d015001e7f85d2c58daf3b59) +WEBSITE HAS BEEN HACKED, DO NOT SEND TO THE WEBSITE'S ADDRESS + +(Contract funds were sent to the correct address.) + +Update2: Automated withdrawals complete. Your tokens are in your wallet. + +Update: [Contract successfully purchased the tokens!](https://etherscan.io/tx/0x8f78a63a1f47ab8a61acc8540de2633369d548711140b7d0c7191c7ea5cc9b9e) Congratulations to the bounty winner! Automated withdrawals will start in a little less than an hour. + +The [CoinDash ICO](https://www.coindash.io/) is happening in less than 4 hours. You can avoid the crowd and rest easy by using my [CoinDash ICO Buyer Contract.](https://etherscan.io/address/coindash.icobuyer.eth#code) Simply send ETH to coindash.icobuyer.eth before the crowdsale and sit back while my contract takes care of all the hard work of buying into the sale and sending you back your tokens! + +My contract works by placing a bounty on a function which buys tokens during the ICO. Anyone can call the function once the ICO has started to claim the bounty, although they'll be competing with me to be first! + +Users who want to remove the 1% fee on their purchased tokens can send 0 ETH (or any amount up to .001 ETH) to my contract within an hour of my contract purchasing the tokens. This will perform a manual withdraw without the 1% convenience fee. + +I've had a [$3,000 bug bounty](https://np.reddit.com/r/ethdev/comments/6nrdmm/bug_bounty_for_coindash_cdt_ico_buyer_contract/) posted for a few hours now, but that doesn't mean you should just throw your ETH at my contract! Exercise caution and recognize that there's always risk to using smart contracts. + +Users should only send ETH from an address that they own the private keys for. For example, MEW, Mist, and Parity are all fine, but you can't send from an exchange. To interact with my contract from an unsynced wallet, I recommend using a gas limit of 250,000 for each transaction. Users can withdraw their funds at any time before the ICO starts by sending 0 ETH ( or any amount up to .001 ETH) to my contract. Once the ICO starts, more advanced users seeking the bounty can call the "claim_bounty" function, which actually buys the tokens, by sending a 0 ETH transaction with '0x02f58015' as the transaction data. + +I should note that I very nearly did not redeploy my ICO Buyer contract for the CoinDash crowdsale. In reviewing [their crowdsale code](https://github.com/CoinDashio/sale_contracts/blob/master/contracts/Contribution.sol), I found multiple bugs and many errors. I've been ignored since I brought up the problems with the CoinDash team three days ago. The Coindash team also haven't implemented any smart contract logic for their whitelist. They're planning on keeping the contract address secret, then emailing it out 20 minutes early to those on the whitelist. This is a huge security issue. The most clear issue is that it doesn't give the community time to review the contract's verified source code and make sure there isn't a security hole prior to the sale. I also suggested and was willing to provide an ENS name for free to mitigate some of the risk of fake address scams (which will be prevalent, as people can just claim to be on the whitelist), but the CoinDash ignored me on that point as well. Overall, I'm very disappointed with the CoinDash team. The only reason I'm still redeploying is that users in [my slack](https://join.slack.com/icobuyer/shared_invite/MjA5MTcxNTI2MDUxLTE0OTk0MTE4NTgtOGYxYmZiZGM4Ng) expressed interest despite the problems. + +Previous Deployments of my ICO Buyer contract: + +[Bancor](https://np.reddit.com/r/ethereum/comments/6ghqp0/never_miss_an_ico_again/) - 425 ETH handled + +[Status](https://np.reddit.com/r/ethtrader/comments/6iavc3/never_miss_an_ico_again_status/) - 3200 ETH handled + +[TenX](https://np.reddit.com/r/ethtrader/comments/6j5c3u/never_miss_an_ico_again_tenx/) - 2100 ETH handled + +[DAO.Casino](https://np.reddit.com/r/ethtrader/comments/6k6gix/never_miss_an_ico_again_daocasino_bet/) - Canceled + +ICO Buyer Slack Invite Link: https://join.slack.com/icobuyer/shared_invite/MjA5MTcxNTI2MDUxLTE0OTk0MTE4NTgtOGYxYmZiZGM4Ng) + +**Contract ENS Address:** coindash.icobuyer.eth + +**Contract Hex Address:** 0x82b279b585c7bb848c36f23919d68b4d0262c184 + +**Contract Code:** https://etherscan.io/address/coindash.icobuyer.eth#code +I am holding off on actually purchasing anything until I know what’s going on. Got this error when I tried to buy some shares of the Fidelity 500 index fund. This is my first time investing in anything so I have no clue what I’m doing. + +“(013014) The buy order you are about to place exceeds your settled cash balance. Selling these shares before paying in full for the trade could result in a Good Faith Violation. You have 0 Good Faith Violations. Read Avoiding Cash Account Trading Violations for further clarification.” + +For background, I opened a Fidelity account and put $1000 in it to start. Currently it has that $1000 available but says $0 for settled cash balance. Any help would be appreciated. Feel free to explain it to me like I’m 5 lol. +I'M GOING TO GET MY STUFF TOGETHER AND MAKE A NEW POST. WITH MY FIANCE EXPENSES AND EXACT NUMBERS. Thank you everyone for the help, your are amazing!!!!! + +I have 1k in credit card debt and I would like to pay it off as quick as possible. Also have a Amazon credit card with $100 but I pay it off every month. + +Car payment: $320.41 + +Car insurance: $195.83 ( it was cheaper to keep my old car on the insurance) + +Phone bill $303.27 (2 phones 1 watch) + +Spotify:$10.00 + +Gas $30.00 (every two weeks) + +I do not pay rent at the moment. + +Groceries: $150-$200 hopefully +(I recently had a falling out with my mother so I will no longer be feeding 4 other people, Just me and my SO.) + +I bring home around $800 to $700 per paycheck. My SO finance are horrible 15k+ in debt. He brings home $900-1k per paycheck. At this moment I am trying to figure out what I need to get done before dealing with his mess. + +By the end of January we would like to be on our own place. We are looking to pay 800 or less for apartment. I was looking into apartment assistance programs but my stepdad dad say we make too much, it this true? I have clue where to start looking for something like that. + +F-22 M-26. +I will add anything if I missed anything and sorry for the bad grammar. +Throwaway account because, reasons. + +Quick look at my finances: +I am 27 years old with a $70k/year income, annual growth at least 4% but probably more in the near future. I contribute monthly (with corporate matching) to my 401K and have $23,000 in there (fully vested.) I also contribute to HSA and personal savings. I have about $6500 in liquid savings. + +I have approx $7k in credit card debt from right after college that I am slowly paying off. I balance transferred everything over to a new card and have 0% interest remaining until December. The plan has been to throw money at this debt and pay it off before the balance transfer promo period runs out; however its slow moving and the hundreds of dollars I spend doing this each month is money I feel I should be saving (I will need to replace my fully paid for car in the not so distant future and would like to be in a good position for that.) + +I am SO READY to be done with this credit card debt, but cleaning out my liquid savings to that end would be shortsighted as home ownership is unpredictable (also see car situation above.) I am considering biting the bullet and taking a loan from my 401k to just get rid of the remaining balance. + +Is that a bad idea? I am aware it would be taxed, but it feels worth it to be able to say I'm fully debt free (minus my home) and be able to save the nearly $600 per month I'm spending trying to pay this off. My 401k would be reduced to $16,000 but again, I'm only 27. I would also rather be paying myself back (with interest) than a creditor. + +Thanks!! + +EDIT: changed "withdraw" to "take a loan from" as withdraw is misleading and I do not believe this situation would meet any requirements for a true withdrawal. + +EDIT 2: thank you guys for all the replies, most were really helpful! It's clear that this plan would be super short sighted at best and flat out stupid at worst, so as unglamorous as it feels, I should just keep chugging away as I have been and dip into my emergency savings if necessary to pay it off by December. Moral of the story, kids... be careful with that plastic! +I'm not too sure if this is the fit for this sub-reddit, if there is a better place to post this please tell me. I tried to post to /r/unitedkingdom and it got removed pretty quickly. + +It's with a very heavy heart I talk about this. But we're not a very well off family. We basically fill in the British stereotype of single mother, two kids on a council estate living off benefits. We live in Hull to give you an idea of the financial area we live in. + +I'm 19 and planning to head off to uni this September, but one thing I've become increasingly concerned about is my family's financial situation. Every single week we end up going into an overdraft limit, or borrowing off family members to scrape by. Our financial position has deteriorated year upon year, and I will be losing my child tax credit very soon. + +I think the sources of income from my family are all based on government support. My sister and I are eligible for child tax and child benefit (I get a discounted amount due to my age and going to uni soon), and my mum is living off widows parental pension since my dad died 8 or so years ago. Then of course are the discounts on council house rent and council tax for the poorer families of the UK. + +I don't know too much about the public benefit system, and I'm not here to rant at the system but I'd like to know if other families here are in similar situations. Perhaps I'm being too greedy? We have the internet, are always fed (cut a little close occasionally) and I do get a present on my birthday/Christmas. + +It just feels like something additional is missing, that little extra. Unfortunately money is such a tense part of my family that we are prone to argue all the time over spending. I hate to see my little sister get upset case her online friends brag about been able to afford to go to all these concerts and stuff. + +I had a good job (7.20/hr at 18 is amazing) for a good 7/8 months, but I had to leave because I was born with club foot which causes me to walk awkwardly, and standing is a pain. I've applied for PIP and tried to reapply but I got rejected both times, so I'm trying to get into uni and go do computer science. That way I'll be sitting down a lot while working. + +Sorry, I realize that did come off as very ranty. I'm trying to not be toxic about it and I see it as a point of pride that I live an ordinary life without any additional help. Thing is though, I know my family could use it, so I was wondering if you guys had any ideas. + +Im a very risk averse person, but interested to know what is the biggest risk people have taken, that did not work out. + +I realise that because of survivor bias all the stories are usually about how people bet everything on a long shot and won big, but just wondering what is the biggest risk people have taken that fell through. +So instead of expanding content, giving users more for their money, Netflix lose their sole capability to offer new(er) movies. Brilliant. + +But anyway, people already panicking and selling on this announcement last night. It amazes me how emotions can cause so much damage. + +Gonna take profit from that. Gap fill @ $110.18 anyone? +Unless he’s buying stock today, how does he know when we have these Green Day’s? People are speculating the correlation between penis related tweets and dildo day candles, but how? Not to sound smooth but doesn’t he have the same access to info as us? Doesn’t seem like hedgies are at their desks and I think he somehow knew that. +The full and robust recovery from the 2008 recession is widely considered to be not only *possible* but *inevitable*. + +But with major factors like: + +- mechanization of industry (lost manufacturing jobs never to return) +- globalization of worker wages +- environmental degradation +- rising income inequality and +- energy uncertainty + +... it seems unlikely, to me, that we will ever be able to get back to pre-2008 levels of prosperity. Am I the only one who doesn't see a rebound as inevitable, or even likely? + +EDIT: So far the argument for rebounding boils to, "cause that's what always happens". But for the reasons listed above, I think this time is fundamentally different. +Stephen Tual was one of the main designers behind The DAO in 2016. He sent an email last week to ethereum London meet-up that he is stepping down from running the meet-up and will be leaving ethereum for good. + +*“I cannot, in good conscience, continue to act like 'all is well' in Web3. As of August 15th, 2022, the 'blockchain' (or should I use the hedge-fund coined terminology 'distributed ledger'?) has turned into a circus of centralized NFTs, endless Ponzi schemes, illegal securities or turncoat sycophants pledging loyalty to the nearest regulator. I do not recognize myself in that space, not even one bit.”* + +He also posted a separate open letter lamenting how the concept of DAO itself has been turned into centralized pump and dump ICOs. + +*“A DAO is NOT an ICO where the creators "keep a cut" and generate 'artificial scarcity' to "pump and dump" while members are made to "hodl" - however, I'm sad to report it's what most have now become while continuing to use the terminology, just like a blockchain running on a single computer is no blockchain at all, or an NFT hosted on Amazon S3 is in no way decentralized in the least.”* + +He noted in the [open letter](https://np.reddit.com/user/Ursium/comments/wp561e/explaining_the_dao_one_last_time_an_open_letter/) that the DAO failure was caused by flaw in the ethereum programming language solidity leading to what's known as a re-entrancy attack exploiting recursive calling vulnerability. Re-entrancy attacks happen pretty frequently in ethereum and has led to cumulative losses of more then $4 billion over the last 5 years. +I've long thought the same thing as this article but here's some food for thought.. + +https://www.theguardian.com/food/2019/nov/07/why-am-i-happy-to-spend-20-on-four-pints-of-beer-but-not-on-a-bottle-of-wine +I can't think of any good reason for the market to pullback in some kind of "fiery crash" 15%, but I also don't understand why the market is up 37% from it's pre-covid highs and why it continues to keep climbing at the rate it's climbing. + +I know there's a ton of people with a lot of money (in my mind, this group that people vaguely allude to all of the time as pent up money on the sidelines has to be typically families making $250k/yr+, no?) chasing returns. There's nowhere else to park money, I get it. I'm just asking... when is that going to stop being the answer? + +When are people going to run out of cash to deploy? How many people are really buying in at these levels weekly with any sizable volume? I get it, everybody here is dollar-cost-averaging $500/mo into their 401k irregardless and they want a badge of honor on how they ignore the market and are sticking to their great 30 year long investment plan. Amazing. Congratulations. My question is... is that's what is driving the market up 40% in 14 months? Regular John Smith's 401k on his $120k/yr salary? I doubt it. + +I thought on a good year, when earnings beat estimates and forecasts were positive and not revised downward, we could reliably expect companies to grow so much that overall the market averages 10% of growth before inflation. + +How the heck are we up 39% from August 2020 to now? Are the 505 companies inside of the S&P 39% more profitable/forward looking than they were then? + +The money the Fed printed for stimulus + CoVID relief... has it left the "banking" system? It went fed -> banks. Are the banks lending it out? If not... I know that money "exists" on paper but... is it really in circulation? Who got it and who spent it? +Finally reached my short term goal of $500 invested in dividends! Recently started going hard on it when I turned 21 a couple of months back... and I don’t plan on stopping any time soon! The ultimate goal is to hit 100k invested before 25. Wish me luck :) + +My current holdings. + +1. HRL +2. GPC +3. JNJ +4. KHC +5. KO +6. LOW +7. MAIN +8. MMM +9. MO +10. O +11. PFE +12. PSEC +13. SCHD +14. STAG +15. VOO +16. VTI + +Also if anyone would recommend any forever stocks to hold on to that could be great to add to the arsenal I would love to here your opinions, Thank you! :) +So I’m planning to start dividend investing as a 15 year old. I was wondering if depositing 7$ into SCHD every week until I become 18 will amount to anything or should I just wait til I’m older. +For an average person, is it better for him/her to avoid starting a business or doing rental if he/she know dividend investing? I invested in dividend stock for almost two years and never stopped learning. I found some great honest YouTuber doing real estate rental for 12% annual return(without calculate the work he put in ) meanwhile People can just click a button and buy dividend stock then the income will come, the discount is much more easier to find than a house. Even starting a business doesn’t really make sense to me now, what’s the possibility that my business is gonna be more stable and profitable than JNJ/AAPL? Please share some of your opinion. +A lot of attractive dividend ETFs have companies in them that manufacture/produce tobacco and/or alcohol. + +What are some of your ethics involved in investing in companies/ETFs, if any? + +While we are at it I guess we can spin the word ethics to mean different things like integrity, mindset, beliefs, principles, etc. +My portfolio is hyper concentrated in my biggest convictions, almost all of which don't pay a dividend. Looking to research some potential new positions & wanted to ask your wonderful selves for some of your personal high conviction bets? 😊 +I'm looking at starting to do my dividend investing, and have been loading my IRA up but have been trigger shy with inflation and future economic downturn for my initial SCHD and VTI purchases. Is there any reason to hold off with inflation and economic risks looming - to make a better entry in a few months? Or does not really matter? +Hi.Young investor here(23).I have been saving money since I was 18 because I was able to have a job and now I want to invest every month arouns 2,500$ in a dividend growth portofolio.I have been watching some guys on youtube named Joseph Carlson,Andrei Jikh and I did some research about myself and I know some things about this strategy.I am curios about three things. + +1.If there are any peoples who can show me their portofolio and tell me how many dividends they get every month as well as for how many years they have been investing.I want this because I am curios about the results of this investment. + +2.If I start investing the next month(april)2,500$ in companies that have a dividend yield at around 3%(or more) and they pay around 0.5 per share for how many years i need to invest or how much amount of money I need to be able to have let's say 2,500$ or more per month? + +3.If after let's say 15 years somehow I have a decent dividend every month(more than how much I can invest from my salary) should I invest from my salary?Or I can just invest the dividends and do whatever I want with the money that I was investing? + +Please help me.I need some advices from you guys before getting into this.Some notes:I think I will be able to grow my salary in the next 7 years so than I will be able to invest more.Thanks for taking your time guys. +Recently MO has caught my eye. They have a scary high dividend yield of 8% - however they are a dividend king of 51 years, so it should be safe right? + +They just came out of 2020 with a surprisingly solid core business and a few years ago they invested heavy into Cronos, a cannabis play. + +What are your thoughts on this? I'm very tempted, but given that I have a rule of basically keeping my dividend plays for the rest of my life, what do you see going wrong down the line? +The popular post last night highlighted that many people in this forum are not on the mega bucks salaries that are often bragged about, e.g. 25 year old, software, first job £80k etc..... don't get me wrong that is fantastic if that's your path, however, for those who wearn modest to average salaries, when do you go "that's enough for me, I'm happy with what I've got" and not crave for more? +As the title mentions, since I put in a refund request for my cancelled flights 21 days ago I’ve received my third “Sorry we’re taking a long time to process this” email. I understand their customer service team is probably in crisis mode, but part of me feels like RyanAir are stalling the refund process before declaring administration / bankruptcy. I’m a little worried (I wouldn’t be ATOL protected as it’s not package) but I do have annual travel insurance +I’m a single digit share holder who hasn’t drsd my shares yet. I’m up in Canada, and it’s a pretty hefty fee to do it. +My question is, what happens if you don’t? Are you still able to sell your shares for the maximum amount during the squeeze? +I have been assured that my shares don’t get loaned out, however are they still really mine? +Any help is appreciated. +$NVDA is a gaming company. It has been since its inception. Most recently, Nvidia has been big into Artificial intelligence. Most headlines reference something to do with AI. I think this transition from gaming to AI is important for Nvidia's growth in the next decade. My price target for them is a 40% upside, $329. Is that even possible given how much it's grown this past year? I think so. + + +[Here is the google drive with the model, paper, and open position proof, updated whenever I update them](https://drive.google.com/drive/folders/1h2cTeiNRP07K8-2Wn4lYyQtbB_go2HGB?usp=sharing) + + +I'm just going to go over some catalysts and some risks: + + +Catalysts + + +* New GeForce series using the new Volta architecture, Series 20. Announcement will be big, should be in March 2018. The already released GPUs with Volta have been successful, I expect that trend to continue. + + +* Cryptocurrency becoming more popular. Crypto isn't going away, so I'd assume it to be a catalyst. I don't like to pay attention to it. + + +* Two years until we are seeing some of Nvidia's big autonmous vehicles come to life. Both the driving platform they are developing in china with ZF and Baidu, and the Volkswagen VW AI-infused Bus are expected to be actualized in 2020. If we see some success in the execution of these projects, I'd consider it a catalyst. I'm confident their execution will be successful given the success they've already demonstrated in AI with their datacenter revenue. + + +* Gaming industry big news (PC). Every year there is more gamers, every year gamers get better jobs, every year there are more games. GPUs are an integral part to gaming, so these revenues will grow with the gaming market. + + +Risks: + + +* Semiconductor industry decline. The semiconductor industry is interesting because a decline in one can cause they others to underperform. This is an entire topic on its own. + + +* AMD/new GPU designer taking market share from Nvidia. Unlikely, but Nvidia's dominance in the GPU market is why I am so bullish. I want to invest in the leader of AI deep learning training hardware and graphics processing, not the second best. + + +* Jensen Huang, the CEO, losing his ability to lead the company. Nvidia has has successfully positioned themselves to be a part of the future of AI, which I think is accredited to Huang's execution. This is a positive, he's invested in the company. The downside to this is that he is very important and anything that hurts his ability to lead would hurt Nvidia. + + +* New GeForce 20 series being not much of an upgrade from series 10, possibility but I think unlikely. Unlikely because their Titan V uses 12nm technology. + + +Price Target: + + +* I used a DCF model to arrive at the price target of $329, using a 7% discount rate and 1% perpetual growth rate. In the model I assume 39% revenue growth in Nvidia's 2019 fiscal year, 32% in 2020, and 28% in 2021. I based this off their plans in autonomous driving, and their new GeForce series to be released with Volta architecture. + + +What I think: + + +I think Nvidia successfully integrating its hardware into so many big company's is a huge success for their long term goals. Nvidia hardware is being utilized in Tesla's electic car's autopilot 2.0, and used by Google and Amazon Web Services datacenters. Nvidia is so dominant that no one can take these positions unless the company wants to build their own chips, which would be billions of dollars in R&D. Nvidia is supplying hardware for these big companies and there is no one to compete. + + +TLDR: NVIDIA is investing into AI. Nvidia's Drive PX 2 operates Tesla's autopilot 2.0 system, Nvidia's new Tesla GPUs have grown datacenter revenue by 133% this last year, and their focus on the narrow AI to bring autonomous vehicles on the road is proving to be worth it. $329, long equity. + + +Why am I doing this? + + +Well I don't think I am perfect and I think I missed A LOT, so I want some critisism to get as close to perfection as I can. Read the paper and look at the model. + + +The IRS's **[Free File](http://www.irs.gov/uac/Free-File:-Do-Your-Federal-Taxes-for-Free)** program allows those with adjusted gross incomes under $62k to use the Free File software for their federal taxes for no charge in a partnership with the [Free File Alliance](http://freefilealliance.org/). Many states also partner with the FFA to offer free state tax returns to those that qualify, and some states offer free e-filing for all taxpayers. Tax return processing will begin [January 19, 2016](https://www.irs.gov/uac/Newsroom/2016-Tax-Season-Opens-Jan-19-for-Nations-Taxpayers). + +(*Note: Every taxpayer regardless of income can file for free if you want to fill out the tax forms by hand. The free service being provided here is the software back end that does the calculations for you. Tax returns prepared electronically are generally more accurate than those filled out by hand, reducing processing time and the potential for penalties that result from errors in your filing.*) + +###What can you do in January to prepare for tax season? + +* Finish up any IRA contributions for 2015 (you have until April 15, 2016 to make 2015 IRA contributions). + +* Look up the schedules your various financial institutions are planning on issuing your documentation (1099s, etc) so you can watch for them. Ask your employer when you will receive your W-2. + +* If you are considering professional tax preparation and haven't done so before (or are switching preparers), now is the time to be asking around to find a tax preparer. If you have an established relationship, it's always nice to reach out to say you will/will not be going with the same person again. + +* I'm sure you'll have ideas as well, leave them in the comments. + +*** + +Links to state tax portals are below: + +Alabama - Free e-filing: http://revenue.alabama.gov/eservices/mat-signup-help.cfm + +Alaska - No state income tax. + +Arizona - Partners with several major tax software providers: http://www.azdor.gov/EServices/Individuals.aspx + +Arkansas - Partners with several major tax software providers: http://www.dfa.arkansas.gov/offices/incomeTax/eFile/Pages/freeFileProgram.aspx + +California - Free filing through CalFile: https://www.ftb.ca.gov/online/calfile/index.asp?WT.mc_id=EfileOptions_Feature_CalFile_Start + +Colorado - Free filing through Revenue Online: https://www.colorado.gov/revenueonline/_/ + +Connecticut - Free e-filing through the Taxpayer Services Center: https://drsindtax.ct.gov/AUT/welcomeindividual.aspx + +Delaware - Online filing: http://www.revenue.delaware.gov/pit_onlinefiling.shtml + +District of Columbia - Free e-filing through the Taxpayer Services Center: https://www.taxpayerservicecenter.com/individual/Ind_Logon.jsp?type=100 + +Florida - No state income tax. + +Georgia - Partners with several major tax software providers: http://dor.georgia.gov/free-file-alliance + +Hawaii - Free e-filing (fee to make a payment): http://tax.hawaii.gov/eservices/efile/ + +Idaho - Free e-filing for qualifying taxpayers: http://tax.idaho.gov/i-1020.cfm + +Illinois - Free e-filing: http://www.revenue.state.il.us/MyTax/IL-1040.htm + +Indiana - Free e-filing for qualifying taxpayers: http://www.in.gov/dor/4740.htm + +Iowa - Free e-filing for qualifying taxpayers: https://tax.iowa.gov/individual-income-tax-electronic-filing-options + +Kansas - Free e-filing: http://www.ksrevenue.org/iiwebfile.html + +Kentucky - E-filing: http://revenue.ky.gov/etax.htm + +Louisiana - Free e-filing: http://revenue.louisiana.gov/EServices/LouisianaFileOnline + +Maine - Free iFile: http://www.maine.gov/revenue/netfile/IFileDesc.htm + +Maryland - Free iFile: https://interactive.marylandtaxes.com/Individuals/iFile_ChooseForm/default.asp + +Massachusetts - WebFile: https://wfb.dor.state.ma.us/webfile/wsi/ + +Michigan - Free e-filing for qualifying taxpayers: http://www.michigan.gov/taxes/0,4676,7-238-44070_46640-288774--,00.html + +Minnesota - Free e-filing for qualifying taxpayers: http://www.revenue.state.mn.us/individuals/individ_income/Pages/Online_Filing_Software.aspx + +Mississippi - Partners with several major tax software providers: http://www.dor.ms.gov/taxareas/individ/efiling/developers.html + +Missouri - Partners with several major tax software providers: http://dor.mo.gov/personal/electronic.php + +Montana - e-filing through the Taxpayer Access Point: https://tap.dor.mt.gov/_/#2 + +Nebraska - Free NebFile: http://www.revenue.nebraska.gov/electron/ind_e-file.html + +Nevada - No state income tax. + +New Hampshire - No state income tax. + +New Jersey - Free NJWebFile: http://www.state.nj.us/treasury/taxation/pcfile/njwebfile.shtml + +New Mexico - e-filing through the Taxpayer Access Point: https://tap.state.nm.us/tap/_/ + +New York - Free e-filing for qualifying taxpayers: http://www.tax.ny.gov/pit/efile/default.htm + +North Carolina - Free e-filing for qualifying taxpayers: http://www.dornc.com/electronic/e-file.html + +North Dakota - Free e-filing for qualifying taxpayers: http://www.nd.gov/tax/indincome/elecfiling/ + +Ohio - Free e-filing: http://www.tax.ohio.gov/ohio_individual/individual/filefaster.aspx + +Oklahoma - Free e-filing for qualifying taxpayers: https://www.ok.gov/tax/Individuals/Income_Tax/E-File_Options/Free_File/ + +Oregon - Free e-filing for qualifying taxpayers: http://www.oregon.gov/DOR/programs/individuals/Pages/individuals-e-filing.aspx + +Pennsylvania - Free e-filing for qualifying taxpayers: http://www.revenue.pa.gov/OnlineServices/PersonalIncomeTaxe-Services/Pages/File-My-Taxes-(PA-e-File).aspx#.VHSUtVXF_Iw + +Rhode Island - Partners with several major tax software providers: http://www.tax.ri.gov/misc/efile.php + +South Carolina - Partners with several major tax software providers: http://www.sctax.org/Electronic+Services/FastFile/default.htm + +South Dakota - No state income tax. + +Tennessee - No state income tax. + +Texas - No state income tax. + +Utah - e-filing through the Taxpayer Access Point: https://tap.tax.utah.gov/TaxExpress/_/ + +Vermont - Partners with several major tax software providers: http://www.state.vt.us/tax/eservices.shtml + +Virginia - Partners with several major tax software providers: http://www.tax.virginia.gov/site.cfm?alias=freefile + +Washington - No state income tax. + +West Virginia - Partners with several major tax software providers: http://tax.wv.gov/Individuals/ElectronicFiling/Pages/FreeFileOptions.aspx + +Wisconsin - e-filing through WI efile: https://www.revenue.wi.gov/wi_efile/ + +Wyoming - No state income tax. + +The goal is to get to FI as quickly as possible without sacrificing too much in regards to quality of life. Looking for places that are cheap, but also not a total bore to live in for someone in their 20s and single. Salary would remain the same regardless of location. + +My ideal city: + +* Warm weather + +* Stuff to do + +* Owning a car not mandatory (might have to compromise on this) + +* Cool/interesting people + +* Affordable real estate market that could also make a good investment + +* Low taxes (eg. no state income tax) + +Miami, FL seems like it'd be ideal for me, but I'm afraid of rising sea levels turning it into an Atlantis. Puerto Rico intrigues me, but it's less politically stable, the local economy sucks, and I'd have to learn Spanish (not necessarily a bad thing). Austin, TX seems like a potential good fit, but I've never been there. + +Would like to hear your thoughts! + +EDIT: Forgot to mention Vegas. Cheap and seems like a fun city. +Hey all, I just wanted to check in and update you all about the last month. + +Immediately after I posted here I was signposted towards private banking. They were all skeptical at first but within a day I had managed to open a bank account, had my cheque personally collected from my house and a charge card setup with the bank. + +Not much has happened since then, I���ve spent the last 4 weeks without any contact with the outside world really. As per advice I’ve started treatment for my gambling addiction and right now I don’t have the compulsion to gamble but I’m not cured and I know it won’t stay this way forever, I’m still continuing treatment as an outpatient right now. + +I’ve managed to get funds managed by a wealth manager currently but nothing invested it’s something that I can’t get my head round yet. As per my request I’ve been blocked from any large purchases or cash transactions but I’m fully aware that if I wanted to do this there is essentially nothing they can do to stop me. + +My next stages are to put the majority of my funds into a trust. All my payments right now are on a charge card so no online gambling is available to me which is a huge deterrent. + +Sorry there’s not much to update at this point but thank you for your advice last month. It’s a small way onto my path to recovery and regaining control of my life. Also I’ve not told any family members or friends. +Susquehanna and Citadel take a large position in popcorn as reported in May 2021. Stock proceeds to rally from 10$ to 72$(5B -36B market cap) over May 12th to June 2nd. 3 days prior to Citadel reporting a large position in popcorn. When popcorn ran up in May last year, the stock was trading around 14$ when Citadel and Susquehanna reported their holdings and proceeded to run up to 72$. + +Now BBBY with a much lower market cap. Much easier to manipulate. Citadel and Susquehanna report a large holding in BBBY as of August 15th. Stock rallies from below 5$ July 29th to 12.95$ on August 12th. At this point there is no information from RC about his holdings or that he is looking to sell. The stock ran 130%+ which has nothing to do with RC. + +August 15th, RC Ventures, Citadel and Susquehanna report their holdings. The media starts a campaign that insinuates that RC is trying to create a gamma squeeze. Totally ignoring the fact that he has been bagholding these positions from January-March, and that the stock has already ran up to 12.95$. If you also take into account that they dont report their holdings till the end of 15th August. The stock had already hit almost 16$! + +Now RC knowing that the hedgies plus Citadel and Susquehanna are using retail to cause another squeeze figures retail will go heavy on this stock, cause another squeeze and for the most part retail will get wrecked because they will be left holding the bag like popcorn. He knew that the goal was divide our buying power between not only gamestop and popcorn but now also bbby. They cant sustain the shorts on gamestop. Imagine how much stock would have been bought by retail on bbby if he let it run. He had to fuck over the hedgefunds and unfortunately some retail. + +The purple heart tweet may have had more meaning that we originally thought. + +Cant stop, wont stop, gamestop. +On $GME options most of the trading has been traded broker to broker. It will add to OI if it is opening a new position to both parties. If it is closing a position for both parties it will decrease OI. If one party is adding to a position and another closing OI doesn't change (position remains open, but no new added, one party has just passed on their position essentially). We can see here in Market Chameleon the adding or subtracting of OI at different expirations. I'm still trying to wrap my head around why there is so much OI at the $0.50 teenies (Especially since $GME is debt free), why bet on bankruptcy at this point? Also the consolidation of Deep OTM call OI (Are all MMs or HFs just gambling?) Or do these combination of positions serve a specific purpose the the underlying stock? Will this OI continue at these strikes and eventually turn into positions on the tape or will they adjust and close positions prior to the date of expiration and decrease OI? Here's a few options charting I've done with $GME. + +&#x200B; + +[ ](https://preview.redd.it/0kfha1qn2sf71.png?width=1580&format=png&auto=webp&s=846e8caabae5f96b02d8106964653838f0ad518e) + +&#x200B; + +[ ](https://preview.redd.it/4q6qrp4v2sf71.png?width=1587&format=png&auto=webp&s=c4193f55e728bbcf7fd8c149172204e7a9fb090f) + +&#x200B; + +[$GME Options over time ](https://preview.redd.it/vfl4rmcz2sf71.png?width=1595&format=png&auto=webp&s=3df4ba5d572dc6be6b12d6b27c84dc7eae21540e) + +&#x200B; + +&#x200B; + +[Call\/Put volume over time with stock price ](https://preview.redd.it/nxa6ke263sf71.png?width=2627&format=png&auto=webp&s=68cc46c35fc36fc00a388654e12c21e227a84ab4) + +&#x200B; + +[Increase in Call\/Puts over time Q1 2017 seems to be start ](https://preview.redd.it/7dw185dd3sf71.png?width=1442&format=png&auto=webp&s=dccbaf0aa5661fd579878d20fd780ed8bc382082) + +&#x200B; + +[Put\/Call Ratio and in Orange: Puts \(negative\) and Calls Positive -\> Larger Value ](https://preview.redd.it/3u6veggm3sf71.png?width=1463&format=png&auto=webp&s=dfc3a84bf956d2a37dae8a474f59e5ac5e771ee6) +🐔$TENDIE ���� - Hyper-growth betting protocol built by ex Wall Street Traders and Swiss Bankers. + +🚨www.tendieswap.org (http://www.tendieswap.org/)🚨 + +The Future of Decentralized Betting - By the people, for the people. + +A fully community run DAO protocol. + +💎 Trade 5 minute options on crypto like a true degenerate Wall Street trader + +💎MAYWEATHER vs LOGAN PAUL and further sports and financial events betting pools dropping soon + +What is TendieSwap? + +TendieSwap, and it’s utility token Chicken $TENDIE is the first crewed mission to revolutionize the betting industry 🚀 + +TendieSwap is a non-custodial prediction protocol that enables users to earn unlimited rewards on high-yield prediction markets. TENDIE ($TENDIE) is the utility token of the TendieSwap ecosystem and is based on the BEP-20 token standard with a dual deployment to MATIC coming soon. + +TendieSwap Predictions: A tool which enables you to make money based on where you think certain coins are headed price-wise. So for example if you think BNB is going to be higher from current oracle locked price in 5 Minutes then you can bet this and make money off your theory. BNB prediction is live, DOGE, BTC & ETH coming soon! + +DAO: The entire protocol will be run by the community through our DAO. The system will be based on tokens held and will take in votes for all decisions on the protocol. + +TendieSwap is the new GOAT of Prediction Markets. We will offer an Automated Market Making algorithm that enables users to create automated prediction markets with integrated options & pricing calculation. Later down the road, users will be able to set up their own bets and get others to take the other side. REAL DECENTRALIZED BETTING ENABLED! + +Full ROADMAP on our Medium. + +$TENDIE to the moon! + +ROADMAP +Coming Soon: +🚀 More coins to bet on +🚀 Sports and financial events betting pools +🚀 Advanced burning mechanisms (contracts to be deployed to testnet) +🚀 DEX, DAO & Dual Deployment on MATIC + + +Socials: +🐣Twitter: https://twitter.com/tendie_swap +🐔Telegram : https://t.me/tendieswap +🐔 Medium: https://tendieswap.medium.com/ + +GET YOUR CHICKEN TENDIES!! + +$TENDIE TOKEN ADDRESS : 0x9853A30C69474BeD37595F9B149ad634b5c323d9 + +Disclaimer: $TENDIE is a high risk coin. Invest with care and always do your own research. +I got divorced a few years ago. It was amicable, but it came out after the divorce finalized that my ex had cheated on me with his coworker. I’ve gone to therapy. I’m over it. But his credit won’t leave me alone. + +Every time there is a change to his credit, I get emails from credit monitoring services about it. It happened two years ago when he bought a house in DC, last month when he sold that house in DC, and today after he bought a house in MD. + +For very obvious reasons, I live as if he does not exist. Except when he finances big purchases. How do I decouple our credit from each other? I do not appreciate getting life updates about him through these financial institutions. Fortunately, he makes a buttload of money and is financially savvy, so it’s not the worst thing in the world that he is still somehow associated with my credit, but I’d like to put an end to this ASAP. Please help. Thank you for reading. + +EDITS: I said “pinged,” which caused a lot of confusion. I meant that the credit monitoring services that I signed up for sent me notices about my ex’s big purchases. + +Also, I never took his name. + +Also, my credit is frozen except when I make my big purchases. + +Thank you, everyone for your help. We did have a joint account that we split. He kept the account, but I took my half of the money. We also had added each other as authorized users for each other’s credit cards. I removed him from mine, but I wonder if he never removed me as an authorized user from both bank account and credit card. I really would rather not get in touch with him again, so I’ll try to resolve this through the credit bureaus instead. FUN! +Anyone who has been following the VIX knows that it's not acting normal right now. + +Since markets bottomed in March 2009, the S&P 500 and the VIX have consistently maintained an inverse correlation, with the volatility index typically drifting steadily lower as equities powered to new highs (think 2017, when the VIX fell into single digits amid steady stock market gains) while bouts of volatility and short-lived selloffs in the stock market saw the VIX spike higher. Digging into this relationship deeper, when stocks made new meaningful lows below exceptional support levels, the VIX would almost always rise to new highs beyond those that corresponded with the previous lows in stocks.  + +For example, as the S&P 500 (SPX) dropped below the lows from late 2018 (2,346) during the Q1 ’20 Covid-19 crash, which carried the index down to 2,191, the VIX blasted through the late-2018 high of 36.20 and peaked at a staggering 85.47. The uncertainty associated with the first pandemic in 100 years certainly amplified the move higher in the VIX in that example, but it does illustrate the point of the traditional inverse correlation between stocks and the VIX very well. + +Now, the actual formula and process used to calculate the VIX is very complex and involves some high-level math, but in the simplest terms, the index measures price activity, mainly demand, in the options market. That is why in normal market conditions, the VIX rises amid increasing demand for puts as the broader stock market declines, and this is also the reason it is often referred to as the market's “fear gauge.” + +But at both of the most recent major market peaks that occurred in 2000 and then again in 2007/2008, that historically consistent inverse correlation between the stock market and the VIX broke down as new meaningful lows in the S&P 500 were not met with new highs in the VIX. And it has happened again this year.  + +**The logical question to ask here is: why would this happen?** + +As stocks make new meaningful lows, as they first did in February, then again in May and June of this year, sophisticated investors were actually liquidating long-term, long equity positions as opposed to holding those positions and just adding hedges to manage risk and downside exposure. + +So, what we are seeing in the VIX and the S&P 500 right now is the same thing we saw in both 2000/2001 and 2007/2008 in the early stages of those respective bear markets. And the bad news is that this dynamic only persists during the “distribution phase” of market cycles when sophisticated investors are liquidating to retail investors attempting to “buy one more dip.” Once the VIX finally breaks the downtrend of “lower highs” and begins to move meaningfully higher, the real breakdown and capitulation in stocks begin. + +Looking at the dot-com bubble, the downtrend in the VIX was broken in September 2001, and the S&P 500 proceeded to decline another 30% or so, as the VIX ripped higher, finally bottoming in late 2002. During the financial crisis, the VIX downtrend was not broken until September 2008, and the S&P 500 fell another 47% to the March 2009 lows (of course, the VIX ripped higher as well). + + **TL;DR:** The VIX isn't acting normal right now because institutional investors are selling their long positions in stocks, instead of just hedging them. This is a bearish sign that indicates the bottom is not yet in and that the market still has further to fall. + +[Not a perfect downtrend but we're still in the process of lower highs since January. It fits the pattern of 2001\/2002 and 2007\/2008.](https://preview.redd.it/40naqh9jzi1a1.png?width=2500&format=png&auto=webp&s=cfeb71a5a72ae0f6a2ba4ca08be492e9bc994297) + **KEY POINTS** + +* **Ford plans to increase its production capacity of electric vehicles to 600,000 units globally by 2023, according to CEO Jim Farley.** +* **The executive expects that would make the company the second-largest U.S.-based producer of EVs, behind Tesla.** +* **It’s unclear if 600,000 would place it second behind Tesla. General Motors plans to sell 1 million electric vehicles globally by 2025.** + +[**https://www.cnbc.com/2021/11/18/ford-plans-to-increase-ev-production-to-600000-vehicles-in-2023.html**](https://www.cnbc.com/2021/11/18/ford-plans-to-increase-ev-production-to-600000-vehicles-in-2023.html) +The world’s most valuable car company just hit another milestone. + +Tesla ’s (ticker: TSLA) market capitalization on Wednesday topped $400 billion. About two months ago, it was celebrating $200 billion. It first hit $100 billion in January. + +Tesla passed Johnson & Johnson  (JNJ) along the way on Wednesday, in terms of market cap. There are only seven companies in the S&P 500 index worth more, including Visa  (V) at $447 billon and Apple  (AAPL) at $2.16 trillion. + +There is a lot you could buy for $400 billion. Here are a few notable comparisons to put that figure in context. + +It’s more than the combined value of every team in the four major U.S. professional sports, according to Forbes estimates. It’s also more than the Forbes estimate for the combined net worth of Bill Gates, Mark Zuckerberg, and Tesla’s own CEO Elon Musk. + +It’s nearly four times International Business Machines ’ (IBM) market cap. + +You could buy 400 billion things at a dollar store—or just buy Dollar General  (DG) and Dollar Tree  (DLTR). + +It’s also more than the individual gross domestic product of Israel, Ireland, and Hong Kong. + +With $400 billion, you could also stockpile about 181 billion regular gallons of gas, based on AAA’s U.S. estimates. You could drive 5.79 trillion miles, if you averaged 32 miles per gallon. That would take you around the Earth 232.5 million times. + +If you are into electric vehicles, $400 billion could get you 10.53 million of Tesla’s basic 2020 Model 3. Of course, such a sale would cause price targets to soar. And Tesla would need a few more factories to turn out that many vehicles. The company only delivered about 90,000 vehicles in the second quarter. + +Source: Barron's + +Thanks for the awards. +So I’m at a point where I’m consistently making income and slowly starting to size up into realistic living salary, and I plan to day trade as my career. I was wondering if there was anything that could affect the ability for daytraders to make money in the market. For example AI getting way too superior and making it impossible to make money. +This happened to me not just once or twice, but uncountable number of times. Right after I sold and made profit from what I was holding, that shit just went to the roof. I feel worst than when I lost money. + +&#x200B; + +How do you guys over come the down feeling when you sold just right before the price skyrocket? Or do you have strategies to determine if it will skyrocket in a few min/sec? +Hey everybody, thanks for clicking and offering a lending hand. So my story basically goes: I am homeless at the moment because I quit my jobs and spent all my money traveling around the country then decided to start over in a new city. No money. No apartment. Not even a place to store my bags during the day. I'm 23 btw. + +Now I work in the food industry and have done so for the last 8 years. This is what I want to do for the rest of my life and I am good at it. + +I just got a job 2 days ago at a local butcher cooking their breakfast and lunch. I'm right for the job, I can do it with ease but they'll only start me at minimum wage and then increase my pay to $9.50/hour after a probationary period of unspecified length. They also give their cooks tips and I'm told it could be anywhere from $5 a day to $35 a day making the spread $25-175 every week. This place is super close to the home less shelter. 35 hours a week. + +The other job I just interviewed for and I think I might want it. The guy said he'll call me tomorrow and let me know if I have the position but he said pretty much everything but "You're hired!" This job will start at $11/hour and offer health insurance after a probationary period of 90 days. The thing is, this job is cooking superdank lunches for wealthy people's kids which we'd personally deliver to each private school. Cool job and would be an awesome resume booster to get into the elite. However, this job is about 8 miles from the homeless shelter I am staying at and I would need to start at 530 in the morning. Buses don't start til 6, so I would have to get a bike by Monday (which is doable in this city, tons of volunteer opportunities). 37.5 hours a week. + +So do I keep the first job and hope for great tips, or take the other job and skip breakfast until I can afford a place? + +I did the math: + +Job A: $9.5*35 = 332.5 + 100 (potential tips weekly) = $432.5 a week = $1730 a month (maybe, after probationary period of undetermined length) + +Job B: $11*37.5 = $412.5 (guaranteed) a week = $1650 a month (guaranteed) with healthcare +Well, I hope this inspires someone. The crazy thing about this story is that most of my friends don't know it, and I can't really tell them. The downside of becoming financially independent is you have to hide that part of yourself as people who aren't can't handle it. They will distance themselves from you. My net worth is roughly $750k. It's all invested in corporate bonds, and I earn just shy of $50k a year from the interest. My return is actually quite higher because I'm pretty good at picking them, but there you go. I could retire right now and live out the rest of my life with this amount, but I'm going to continue working for the time being. + +I guess I'll start from the beginning. I had a very greedy mother. I always told that I would be miserable financial failure in life by her, and I believed it. My biggest insecurity... even today is that it'll still happen. When I was a kid, I worked for basically free in the family business almost 40 hours a week from when I was 10 to when I quit the business at 19 years old. (blue collar, mind numbing job) She basically disowned me for leaving, but I wanted to make money. I taught myself to program computers as a kid and saved up for my first computer by selling golf balls that golfers lost (we lived near a course) back to the golfers. My mom found out I was dong this and made me give her 90% of my earnings, but I still managed to hide enough of my income to buy a $500 286AT from some old retired guy. I worked in IT for a years barely making $35k, and then I spent a year doing Y2K conversions for companies independently and made $80k in one year. (before I could even legally drink) I got my first legitimate software development job when I was 21 years old making $50,000 a year, and I couldn't believe that number. It was more money than I ever pictured I would make. + +I didn't finish college. I got a 2 year degree at a JC and took a bunch of software/math courses at a 4 year college. (about 40 upper units, not enough to graduate) When I was 19, my brother inherited $100k from our grandfather (who was long dead and our mom did everything she could to try to get it years earlier, but she failed in court). He split it four ways and gave me a quarter of it. (25k ish) I used this all as the down payment to buy a tiny condo. When I turned 21, I also got $100k, but I split it with my two brothers (my mom wanted a cut too, but I told her no). (leaving me about 33k) I then bought a car cash with half of it and put the remainder in the stock market invested in 3 mutual funds that were "mid range" funds. I sold my condo for a $50k profit about 2 years later and put that in the same funds as well. + +Then I had a setback. The dot com collapse and 9/11 killed the job market in my industry as I was pretty entry level. I was laid off, got another job, and I was laid off 6 months later. (the company shut down completely) I had 6 months of unemployment. During that time I moved, got into surfing, and just tried to find a job every day while spending my savings as slowly as possible. I also lost about half my investments due to the stock market collapse. At the end of the six months, I was down to about $25k in net worth (still no debt). I had a girlfriend during that time who I really liked, and she came over one day, told me that it had been fun but she wanted a guy she could marry. You know, a REAL man. She told me she just couldn't stay with someone who was unemployed. I usually paid when we went out, I never asked her for money, and I looked for a job every day. Nothing reinforces an insecurity more than having someone you love tell you that's why they won't love you anymore. (yea! fuck you Karen) + +My old company ended up hiring me back, and I had a job again for about 5 years barely making $50k (and even taking a pay cut at one point), but I was delighted to have a job. I picked up a side project that lasted a few months and made enough money to buy a new car (a nice car this time for $35, huge splurge, bad idea, but hey, live a little) My savings didn't grow, but it didn't shrink either. Every time I saved any money, I'd lose it to some unforseen expense, and I had a new girlfriend that I had to spend some money on. Then they laid me off again at the end of 2005. A few months later, things really turned around for me. I started specializing in one specific niche in software development. That niche turned into a gold mine for me. How I got the job that gave me the specialization really shocked me. A recruiter that had done nothing by waste my time told me a company wanted to interview me at a specific time. Every interview before that, I showed up in a suit and tie. I figured this was a waste of time, so I stopped by on my way to go watch a football game wearing a jersey, jeans, and tennis shoes. In retrospect, maybe I looked the part. Next thing you know, I'm sitting in a giant building, in a huge board room, surrounded by older people all wearing suits describing a small project to me. You know picture one of those movies where it's the corporate dim dull world of the "man", and you are in that room. Boy, I felt out of place. They asked "could you do this project in 3 weeks because we are in a bind". I told them "I'll have it done in a week", and I finished it in less than a week. Then they gave a project I ended up working on for almost two years that defined the rest of my career. + +That company paid me well. I made just over six figures for two years in a row, and I briefly worked for another company before going independent with my niche. The first year, I picked up 4 customers and strictly did consulting. That was 8 years ago. I've averaged about $220k a year since then with my best year being $265k, and my worst one being $161k. I turn down work. I can hardly keep up. I started realizing that I had more money than I needed. I started upgrading my lifestyle. At one point, I had a giant house, two cars, and a boat. Everything was paid off, and it was quite sustainable. It's easy when you make a lot of money to pay bills, right? Then I found I was attracting the wrong friends and the wrong women. So, I sold it all. I moved into a tiny one bedroom condo, and I kept one car. I started taking trips and taking my work with me as I traveled. This way, I could spend a month or two in another country. Consequently, I'm conversational in 2 other languages now, and I'm working on two other ones. My biggest travel year, I was out of the country for 4 months of year. (2 in Europe, 1 in Japan, 1 in Australia) I never let my spending get out of control. I just keep reminding myself that I'm really a piece of shit doomed for financial failure, and that does the trick. I fly coach, I get miles, I stay in shitty AirBnB's, I eat at cheap places, etc... I pay off my credit card every month, and I only use it for the points. I've saved money as quickly as I can. At first, I tried a mixture of stocks and bonds, and then I realized that I suck at stocks. They make no sense to me. Good news, they go down.. or up. Bad News, they go up... or down. I even tried strategies like selling covered calls on blue chips, and I still had bad results. It seems random. Bonds make sense. If you fully research a company, and you invest, they usually gain value, and you get interest too. Simple. Easy. My money makes money, and it doesn't fluctuate by 2% a day. My average total return on bonds since 2006 has been about 12%. I've never had a down year with them, but I had one year that almost flat. I also had a couple of real estate investments after that which worked out for me. + +One thing to keep in mind is that investing is never a write off (except retirement account contributions). Maxing every writeoff I could get, I still have paid enough in taxes every year for the last 8 years to buy a brand new Tesla Model S every single year. I drive an 8 year old car that's probably worth $12k. (it's a nice car, just old) Almost nobody I know realizes how well off I am. I've never flashed money to a girl to get her to date me, and I even had two girls I dated basically tell me they didn't want a serious relationship because they wanted a guy who was better off financially. (in a round about way they explained it, one girl said he wanted a guy who did charity dinners and operas and the other one told me she wanted a guy who could really take care of her like she deserves) + +So, there's my story. The thing I wanted to emphasize is that I wasn't successful because I was super smart. I'm probably just smart enough. I wasn't because I was super hard working. I was just hard working enough. I made it because I was lucky. It's that simple. I had a good opportunity, and I was there to capitalize on it. At one point, I left a good job to go independent, and jump into a world of no job security. That was in 2007. If I hadn't done that, I'd probably be worth $150k today. You have to be willing to take risks, and that was hard for me. I'm so emotionally insecure about my ability to financially support myself that I still even feel it today when I could retire right now. I wasn't chasing success. I was running from failure... I just got a little carried away. +I'm considering buying a lot with a crappy home to demolish and build a dream-home. I'm wondering if anyone has experience with this. Specific questions include: + +* Are costs significantly higher to build vs. buy existing? Are any big costs avoidable (e.g. fancy, unnecessary fixtures)? +* How much active management / hassle is it to build a house? Do you need to be on-site all the time? Do you need to make every single tiny decision? How much would it cost to delegate most of the work to someone? +* For those who have done this, or considered it, any regrets? Any other considerations? + +As another aside, it feels like I'm inevitably going to get a bad deal if there's already a (albeit mediocre) house on the lot. Presumably someone who is willing to live in that existing house would be willing to pay more versus me, who just wants it for the land. +I look at my family, parents of friends, and retired ex-colleagues. I see that the healthiest ppl above 75yrs of age are working professionals, who chose not to retire. I work as a faculty member at a university and I have 90+ yr old professors biking to work daily. + +I also see my father, who was physically and mentally fit for a 65 yr old, would run 5ks etc. then he retired. Within 2yrs his health dropped 50 percent. And at 73 he needs a support worker to assist him in taking a shower. His mental aptitude has also declined. + +My concern is that if I do retire early, the relaxed and possibly sedentary lifestyle with no big ambitious goal and structure will reduce my quality of life in the later years both mentality and physically. Has anyone thought about this issue? How do they deal with it? Am I missing something? +Hi team - with a new position I’m transitioning in to at my job, I’ve reached a point in my career where I no longer feel daily anxiety, but the stress is a constant that is affecting my sleep tremendously. Strategies already in place: + +- Exercise 5-6x a week, 3 of those are long runs +- Healthy diet +- See a therapist +- Try and stay in regular contact with friends (not great at this). +- Daily meditation for the last year +- Occasional use of melatonin, but now that’s stopped working + +I also live alone and have no partner and all of my close friends moved at the beginning of the pandemic and as such... it’s been a long year. + +Any suggestions on how to deal with this so the lack of sleep/stress doesn’t eat me alive and tank my career? + +Thanks in advance. +Turns out the internship I had lined up fell through, so I plan on just trading (with a demo account at first) and learning while doing it. + +Does anyone have any book recommendations or any other tips to get started? I have a pretty good general understanding, but I definitely need to learn more about technical analysis and such. + +Thanks +Hope someone can help me understand the reasoning behind, when anyone talks about recent property price declines, 'Its okey as long as it's PPOR, you need Roof over your head but not okey for investment property'. But, buying PPOR at peak price will do more harm and you can not shrug off easily. + +1) You pay higher monthly mortgage payments - as you bought property for higher price than current reduced price, you are paying more mortgage on similar house similar conditions.( Same deposit, same budget. Not talking about house quality here). + +2) you would have to put more money towards deposit if you buy at peak. Same house require less deposit now. That means extra cash in hand. + +3) Usually once you buy a home, you look for ( dreaming probably) to get capital growth. so that, you can use that equity for anything. This capital growth depends on valuations. Now anyone who bought at peak have to wait more ( may be 3-4 years more) to get positive equity and reach peak aluations, as it takes at least year or two to reach break even. + +This is like stab trifecta. It will do more harm to PPOR than investment purpose. If it's investment, atleast you can write off some loss in tax. + +Why would anyone think it's okey if it's PPOR. I understand nobody can predict Top, but my point is why would anyone think it's less difficult for PPOR. + +Hope I explained my point. What I am missing?Just trying to understand the reasoning. +**Earnings:** $1.45 vs. $0.98 per share expected + +**Revenue:** $11.98 vs. $11.30 billion expected + +**Free cash flow:** 619 million vs. -319 million expected + +&nbsp; + +**Cash** + +* Operating cash flow less capex (free cash flow) of $619M in Q2 +* Net debt and finance lease repayments of $1.6B in Q2 +* In total, $912M decrease in our cash and cash equivalents in Q2 to $16.2B + +**Profitability** + +* $1.3B GAAP operating income; 11.0% operating margin in Q2 +* $1.1B GAAP net income; $1.6B non-GAAP net income (ex-SBC1) in Q2 +* 28.4% GAAP Automotive gross margin (25.8% ex-credits) in Q2 + + +**Operations** + +* Record vehicle production and deliveries in Q2 +* Successful launch of FSD subscription in July +* Started delivering the new Model S to customers + +&nbsp; + +**Summary** + +In the second quarter of 2021, we broke new and notable records. +We produced and delivered over 200,000 vehicles, achieved an +operating margin of 11.0% and exceeded $1B of GAAP net income for the +first time in our history. + +Supply chain challenges, in particular global semiconductor shortages +and port congestion, continued to be present in Q2. The Tesla team, +including supply chain, software development and our factories, worked +extremely hard to keep production running as close to full capacity as +possible. With global vehicle demand at record levels, component +supply will have a strong influence on the rate of our delivery growth for +the rest of this year. + +We successfully launched Tesla Vision in Q2, which was mainly possible +due to our ability to use data from over a million Tesla vehicles to source +a large, diverse and accurate dataset. Solving full autonomy is a difficult +engineering challenge in which we continue to believe can only be +solved through the collection of large, real-world datasets and cuttingedge AI. + +Public sentiment and support for electric vehicles seems to be at a +never-before-seen inflection point. We continue to work hard to drive +down costs and increase our rate of production to make electric vehicles +accessible to as many people as possible + +&nbsp; + +[earnings report link](https://tesla-cdn.thron.com/static/ZBOUYO_TSLA_Q2_2021_Update_DJCVNJ.pdf?xseo=&response-content-disposition=inline%3Bfilename%3D%22q2_2021.pdf%22) +Zoom's market cap is 42 Billion + +The airlines are as follows: + +Delta: 18.35 Billion + +Southwest: 18.16 Billion + +United: 7.48 Billion + +American: 5.22 Billion + +If you have a drop of contrarian blood inside you, you would probably see this as a good short opportunity. people can argue that the airlines are all going bankrupt but I don't think zoom is as valuable or is going to be as valuable as an entire American sector. I'm planning on putting on some wide put verticals but I'm going to look at what it does for the next few weeks before I do. What are your thoughts? + +&#x200B; + +Edit: if you want other comparisons, Goldman Sachs has a market cap of 49B, and Amex is 62B. Both are in the Dow 30. +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 +I... I think I did it. I think I've archived the whole sub! + +After a two-week detour into making /u/LinkCheckBot, a Reddit bot to scan links people post for dodginess, I gained a few wrinkles about how to AWS. That kicked off a major refactoring of the KNOTREPUS archiver, with the main aims being: + +1. Make it so that it runs automatically, without me having to manually start it +2. Improve the design to be more efficient in its resource usage, and therefore cost +3. Make it as straightforward as possible to deploy further changes, either in code or architecture. + +So I got to work on Thursday evening, using my five-day weekend to try and get as much of this done as possible. I hit a few roadblocks along the way, as is always the case with software development, but overall it was surprisingly straightforward. + +Fast forward to 10pm yesterday, and I unceremoniously type `git push` for what I didn't realise would be the final time that evening. GitHub graciously accepted my code, synthesized a CloudFormation template, and squirted it onto Amazon's servers. At that point I took a short break to let it run for a little bit to see if it would collapse in a flaming heap. It did not. + +This morning, I got an email from AWS saying that I'd gone over the limit for free Lambda function calls. I signed in to see what was going on, there were $18 in charges and a steep dropoff in the number of calls from about seven hours ago to almost nothing: + +[Could it be? Could it have archived... everything?](https://preview.redd.it/pwmh8tcfbak71.png?width=927&format=png&auto=webp&s=4a40e20912cc315db1f4506264ddf600605aebd7) + + I checked the logs and I see something incredible: + +[You have no idea how much this jacks my tits.](https://preview.redd.it/jjhoqqr3bak71.png?width=1010&format=png&auto=webp&s=d5708223cb7b619cfe70f8f6ae6058c3347ed38e) + +Holy fuck! That was fast! Less than 12 hours to get everything. Checked a couple of posts to see if they've been stored, yep, everything looks above board: + +[\/u\/atobitt's House of Cards Pt. 1](https://preview.redd.it/ojgqwr05cak71.png?width=996&format=png&auto=webp&s=de8550041bec344915d10fa10cbbee63c09dc354) + +[My last KNOTSREPUS post](https://preview.redd.it/jjdmfs1ubak71.png?width=1002&format=png&auto=webp&s=c42b227dfbbf66698d2313dc3644c7374af9528f) + +So worry not, apes, it's all being preserved - shitposts, memes, and DDs alike! + +There's still a few wrinkles to be ironed out. Although I'm fairly confident that I have at least 99% of everything (and probably closer to 99.9%), I'm aware that Pushshift (the data source that I'm using) had a major GUH moment a while back, and is missing some posts - most notably /u/criand's The Bigger Short. I have a plan to use Reddit's API directly to chase down missing posts, but I expect this to be much slower as it will have to go through *every single post on Reddit from the beginning of Superstonk time* and check whether it's a post on this sub or not. Yikes. + +So what's the next step? Probably hooking it up to the website so that people can actually see it instead of taking my word for it that it's sitting in an S3 bucket somewhere. The API has been up for a while, but it's still pointing to the old S3 bucket for now. It should be easy to switch it to the new one though. + +And that's pretty much all I've got for now. Hope you all have a fantastic rest of the weekend. 🚀 +[https://www.cnbc.com/2020/04/15/chinese-companies-hope-for-new-york-ipos-despite-fraud-coronavirus.html](https://www.cnbc.com/2020/04/15/chinese-companies-hope-for-new-york-ipos-despite-fraud-coronavirus.html) +I have heard this from a number of commentators on Yahoo and CNBC in recent months. Example from today: + +https://ca.news.yahoo.com/stock-market-eventually-roaring-back-history-shows-180334088.html + +For those of you more experienced in the market, what does this really mean? Don’t take on too much risk or? + +Thanks in advance for your thoughts! +&#x200B; + +https://preview.redd.it/r5g00w59co241.jpg?width=1080&format=pjpg&auto=webp&s=d99e27e892ff4c36a94c422eda671a027111e848 + +Here you go, you all get to watch me lose more money and call me names again. Update from previous post I ended up cashing out with $40k profit early in the day, so hey whatever. + +Didn't get enough stim from the 80k ride so decided to throw twice as much in this time. For anyone getting bored of my content, sorry. This is really all I've got to offer. I'm not completely retarded so if this really goes against me I'll be cutting losses like the pussy that I am. + +Love you fam. <3 + + +Edit: Everyone chill, still holding. Lots of time on this one. +It's probably going to be a solid industry or at least should be for the next 10-15 years. It's one of the cheapest forms of power now, but on the other hand Trump seems hell bent on pushing coal and oil. I wonder how that will effect the industry. +Hi, I think that in 2022 we will see a strong trend of P2E games and metaverses, this trend can already be seen now, but I think in 2022 it will become even stronger. +Therefore, my question is, which blockchain will become the leader in this direction? Ethereum? NEAR? Solana? +Share your thoughts, personally, I'm betting on NEAR and Solana, as I already see that a large number of p2e games are being launched on these blockchains, as well as NEAR Protocol created a 100 million fund to support the development of p2e games and metaverses on its own blockchain. +Hi all, I'm not sure if this should be asked here, but here we go. + +So for years I've been using by basic card that I get from my back that has exactly 0 benefits and I thought that cards that give air miles and cash back among other bits n bobs were a thing of the past as I'd never seen one IRL, but the other day I actually got an ad for one(master card gold) and thus I'm now looking for one that would fit me best and I rarely believe ads so I thought I'd ask you lovely people if you know of any good cards. My credit rating is 500 according to clear score. + +I don't have any particular need for a high balance, but air miles or cash back would be cool. + +Thank you! +It’s possible to get out of poverty. I was able to save 30,000 and we just closed on our first house. 3 years ago my credit score was 460 and now it’s in the 700s. Posted this here to give you all hope. Still have those student loans but I was able to save and buy a house on $38,000 a year with 2 kids +Hello all you wonderful apes. I’m not the one to usually create a post like this as macroeconomic pictures can be very divisive. This post is meant to explain the large picture of what is happening on a macroeconomic scale for the US. + +*Note: this DD was originally posted on 4/25/2022 and deleted by me as I was posting from my phone and the level of quality was insufficient. It was edited for improved readability on 4/26/2022 by* u/upsouth. + +# TLDR + +* The Federal Reserve cornered the bond market. It has announced QT essentially stating “I’m about to dump my holdings of US treasuries.” +* Yields move inverse of bond prices. Wall Street is now front running the Fed by dumping their bonds at the top and sending yields up… before the Fed even steps in. This will push bond yields through the roof and cause a wave of defaults and a stock crash. +* There is too much leverage in this everything bubble. It would make everyone default. The pump fake is this: the Fed is only peeling up rates in small increments now to drop them again when the market crashes. It will then swoop in once again with QE and put downward pressure on rates once again to try and stave off a nationwide default and print your money into the toilet. If the Fed was real about inflation, rates would be in the double digits as we speak. + +# Part 1 + +**1.1 The Central Bank and the Currency Crisis** + +Currently we sit at a crossroads in history. A currency crisis is upon us as reckless government spending and a central bank that answers to no one push us deeper and deeper into debt while financing it all with the printing press. + +The issues start here: The Central Bank. + +>The Central Bank is a private institution with a monopoly over our money supply. At just a glance this institution seems to be under the thumb of congress and the public, but a brief look at their website states otherwise. + +[https://www.investopedia.com/terms/c/centralbank.asp](https://www.investopedia.com/terms/c/centralbank.asp) + +>“International experience shows that monetary policy tends to be more effective in supporting stable prices and strong employment when it is shielded from short-term political influence, which is one reason the Congress has given the Federal Reserve considerable operational independence to set policy.” + +[https://www.federalreserve.gov/faqs/about\_12798.htm](https://www.federalreserve.gov/faqs/about_12798.htm) + +The Fed has full legal independence to set its own monetary policy with one caveat. As long as it says it is for the benefit of stable prices and full employment the Fed can do whatever it sees fit when it comes to setting policy. This gives them leeway as long as they state their goals match their legal obligations… and we’ll all know bankers never… EVER…bend the truth… + +When it comes to transparency of their goals, they conveniently have a FAQ explaining their actions all while the motive remains a constant. + +>Question: + +>>“Federal Open Market Committee (FOMC) meetings are not open to the public, so how do I know what the FOMC is doing?” + +>Answer: + +>>Information about the Federal Open Market Committee's (FOMC) deliberations and decisions can be found in: + +>>* Policy statements released after each FOMC meeting; +>>* Detailed minutes of FOMC meetings, released three weeks after each regularly scheduled meeting; +>>* The Chair's press conferences; +>>* Quarterly publication of the economic projections of FOMC participants; +>>* Semiannual and other testimony by the Chair to the Congress on monetary policy; +>>* Weekly disclosure of the Federal Reserve's balance sheet and discount window lending. + +[https://www.federalreserve.gov/faqs/federal-open-market-committee-fomc-not-public.htm](https://www.federalreserve.gov/faqs/federal-open-market-committee-fomc-not-public.htm) + +Their answer is a bit of a runaround. The actions are transparent, but their actual goals are no where to be found because the answer always remains the same, stable prices and full employment. The questions we should be asking are HOW is the central bank using these tools if its legal obligations are not being met, and what might otherwise be it’s unstated goals. + +**1.2 Refresher on Basic Economics in Ape Speak** + +To get a full understanding this let’s get some basic economics out of the way. + +Fiat currency: “A type of money that is not backed by any commodity such as gold or silver, typically declared by a decree from the government to be legal tender.” + +\-Ape speak: It’s just paper. + +[https://en.wikipedia.org/wiki/Fiat\_money?wprov=sfti1](https://en.wikipedia.org/wiki/Fiat_money?wprov=sfti1) + +Floating exchange rate: “A floating exchange rate is a regime where the currency price of a nation is set by the forex market based on supply and demand relative to other currencies.” + +\-Ape speak: The value of a floating currency is dependent upon supply and demand. Meaning increasing supply can lower its value relative to demand and decreasing supply can increase its value relative to demand. + +[https://www.investopedia.com/terms/f/floatingexchangerate.asp](https://www.investopedia.com/terms/f/floatingexchangerate.asp) + +Federal Funds Rate (FFR): “the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight on an uncollateralized basis.” + +Bond: In finance, a bond is a type of security under which the issuer (debtor) owes the holder (creditor) a debt and is obliged – depending on the terms – to repay the principal (i.e., amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a specified amount of time. + +\-Ape speak: It’s debt, loan with interest, etc. + +Pristine collateral: “Securities that offer a risk-free return.” + +\-Ape speak: Assets that have little to no risk of default. Typically, US government treasuries are considered Pristine Collateral. + +Benchmark Bonds: “A benchmark bond is a bond that provides a standard against which the performance of other bonds can be measured.” + +\-Ape speak: Pristine collateral, US Treasuries, US debt, that all other debt derives it’s risk assessment from. Example: If 30-year US bond has a coupon of 2% and is supposedly carries no risk (pristine), 30-year mortgages using US30Y as a benchmark must be higher than 2% interest as the mortgage carries more risk. + +Coupon (bonds): “A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity.” + +\-Ape speak: The annual interest rate of a bond. + +Yield (bonds): “The return an investor realizes on a bond.” + +\-Ape speak: The payment received from the interest made on the bond. Example: 100$ bond with a 5% coupon would have a yield of 5$ + +US Treasuries and how they function: + +Uncle Sam issues a bond asking for 100$ with a 5% coupon. Over the life of the loan Uncle Sam has agreed to pay you 5$ every year for lending him 100$ (100 x .05). Your bonds yield is thus 5% or 5$. This coupon of 5$ remains the same over the life of the bond no matter what it trades at later. + +Now US Treasuries are marketable securities, meaning you can trade them after auction. When they are traded, they can fetch a different price than the original price at auction. This is how bond yields start to change. + +If the treasury mentioned above originally auctioned for 100$ with a 5% coupon starts trading at 80$ later in the secondary market and the coupon payment of 5% on 100$ (5$) stays the same, the yield increases (5 / 80 = .0625) or 6.25%. If the price increases to 120$ (5 / 125 = .04) the yield drops to 4%. These are the basic mechanisms behind yields on US treasuries, and why it is understood that yields move inversely to price. + +**1.3 The 1987 Crash and the Greenspan Put** + +Let’s start with the lead up to and the crash of Black Monday in 1987. + +When Richard Nixon was president he took the United States off the Dollar-Gold Standard. During his time as president his bluff was called by the international players after the Bretton Woods system stated you could redeem 1oz. of gold for 35$. The international community saw the inflation under Nixon and deemed that he was printing more money than could be redeemed in gold. There was a run on the dollar and Nixon was forced to show his hand and detach the dollar from gold standard. This turned the dollar into a fiat floating currency. The panic further pushed up inflation throughout the 70’s. Asset prices followed as the new money entered the stock market and pushed up prices. This happened until the ferocious steps taken by Fed chair Paul Volker were enacted. His response is now known as the Volker shock. + +[Volker Shock](https://www.thebalance.com/who-is-paul-volcker-3306157) + +[Bretton Woods](https://en.wikipedia.org/wiki/Bretton_Woods_system?wprov=sfti1) + + +The early 1980’s was a rough time in America. The response to the double-digit inflation prompted a strong response from the Fed to raise interest rates past 20%. This sent the US into a Fed induced recession leading to a much stronger dollar and a growing trade deficit. The strong dollar benefited the domestic market as imports picked up and exports shrank when it became cheaper for the US to purchase internationally and more expensive for trade partners to purchase from the US. The policies of the Fed had worked to stave off inflation throughout the first few years of the 1980s. + +With inflation worries gone, it was now the job of Ronald Regan and Paul Volker to correct the trade deficit it had with some of its trading partners. The Plaza Accord was introduced in 1985 to solve this issue. The main goal of this agreement was to depreciate the US dollar to correct trade imbalances between the G-5 countries. This was achieved by depreciating the dollar by having the Central Bank print and sell some USD on the international market while having its trade partners tighten. This would push the value of the dollar downwards and help exports pick up by making US goods more affordable internationally. With the increase in supply of the dollar due to the Plaza Accord, some of that hot money spilled over into the equities market. + +[Plaza Accord](https://en.wikipedia.org/wiki/Plaza_Accord?wprov=sfti1) + +The stock market boomed. + +The Plaza Accord was successful in depreciating the dollar, a little too well. The US met back with its trading partners in 1987 to discuss how to stabilize its currency as its value continued to drop. This led to The Louvre Accord. This agreement was signed by Japan, Canada, UK, France, and Germany to slash interest rates while the US would raise interest rates to prevent further depreciation of the US dollar. Germany back pedaled. Fearing the threat of inflation, Germany reversed course and raised interest rates much to the dismay of the US. As a result, fear of the US having to take a much stronger action to strengthen its currency by raising rates higher and much faster than previously expected to keep up with its German counterparts sent markets tumbling. This became what we know now as Black Monday. + +[Black Monday](https://i.imgur.com/DutgO7k.jpg) + +[Louvre Accord](https://en.wikipedia.org/wiki/Louvre_Accord?wprov=sfti1) + +Fortunately, a couple months earlier the Fed received a new Chairman, Alan Greenspan. The stock market crash elicited a loving response from the Fed and the introduction of the Greenspan Put. + +[Greenspan Put](https://en.wikipedia.org/wiki/Greenspan_put) + +How the Greenspan Put (now Fed Put) works. This is where understanding bonds also comes in. The Central Bank does the following: + +1. First, It the central bank can lower reserve requirements on banks to allow them to lend much more easily. As they can have much less cash on hand compared to the cash lent out. +2. Second, the Central Bank can lower the FFR (Federal Funds Rate, see above in definitions). +3. Third, the Central Bank can enact QE (Quantitative Easing) Indirect QE - 'Repurchase agreements (also called. 'repos') are a form of indirect quantitative easing, whereby the Fed prints the new money, but unlike direct quantitative easing, the Fed does not buy the assets for its own balance sheet, but instead lends the new money to investment banks who themselves purchase the assets. Repos allow the investment banks to make both capital gains on the assets purchased (to the extent the banks can sell the assets to the private markets at higher prices), but also the economic carry, being the annual dividend or coupon from the asset, less the interest cost of the repo. + +This was now the point when Wallstreet got the green light to turn the stock market into the casino you know today. What the Greenspan Put basically stated to the banks was that if the banks wanted to put all their money on black at the roulette table, they could keep the money if they win and have the Fed print more money for them if they lose. The Fed has now taken the "Free" out of our free markets as this policy guarantees a bailout for the banks if anything goes wrong. + +The result: this response from the FED fueled the massive speculative bubbles we have seen over the past 40 years. +I currently have £900, I'm looking to use ~20% (~£180) to put in a trading/investment portfolio in the near future when I open an account. + +I have a eBay store that sells Lego sets that is averaging around £60/week profit. + +I also regularly search around the internet for items I can flip for a profit, (electronics, gaming consoles, games, Lego etc) I come across ~1-2 items a week worth flipping. + +I'm thinking about attempting to get a work from home job on a computer I can do to earn an income, as well as cleaning small business's windows possibly a few times a week for a bit extra. + +Is there anything you could suggest I look into / start doing? I would like to try become more comfortable financially as I move into adult life. Thank you. + +EDIT: Thank you so much for all the helpful and detailed comments, you're all awesome. +I really want to generate some passive income. I just don’t know where to begin!?!? What are you doing to generate extra income. + +Or alternatively what is your business on the side of your usual job/work (I suppose this isn’t strictly passive) +I was trying to move to MATIC and I had about $100 dollars in ETH in my MM wallet to move about 400 MATIC. I was going to move it to Polygon network. It asked for the first fee, which was about 23 dollars. Approved. Then it pops up a Complete Deposit fee of over $100 dollars, which I didn't have, so I fucking lost the first 23 dollars, and now I need more money just to get my fucking money out. This is absolutely absurd and no one is ever going to use ETH in the real world if shit like this occurs. +**Hey CMS, this is the Project Manager for $USELESS,** + +VICE wrote a pretty neutral and neat article about us. Check it out to if you want to get an idea about our new and innovative "Pump-N-Burn" mechanism, combining a crypto asset with the revenue of an actualy company. + +**VICE article** \- [https://www.vice.com/en/article/88nvw3/useless-token-is-the-latest-wild-scheme-promising-crypto-riches](https://www.vice.com/en/article/88nvw3/useless-token-is-the-latest-wild-scheme-promising-crypto-riches) + +**The PUMP-N-BURN strategy** + +* *What is the USP of $USELESS?* + +**TL;DR** \- [https://imgur.com/a/6swubWX](https://imgur.com/a/6swubWX) +**Difference between internal buy backs (such as EverRise) and external Buy backs (USELESS):** +[https://imgur.com/a/WvOQmKN](https://imgur.com/a/WvOQmKN) + +\_\_\_\_\_\_ More Information: \_\_\_\_\_ + +**1) We formed a company: Useless Crypto, LLC.** + +* Registered in the US, all six core team members identified on [https://uselesstoken.org](https://uselesstoken.org/). + +**2) This company develops various products. For example:** + +* USELESS Merchandise ([https://useless-crypto.myshopify.com](https://useless-crypto.myshopify.com/)) +* An innovative user-friendly (!) chart app +* A whale tracker app +* And some not yet fully-developed concepts. +* *We monetize all projects and roll a profit.* + +**3) And this is where the token $USELESS comes into play and where the magic happens:** + +* The company uses these profits to buy $USELESS which means: new capital comes into the market +* 📈 **PUMP** 📈 +* However, the company does not keep these $USELESS, but burn them immediately: +* 🔥🔥 **BURN** 🔥🔥 + +**4) PUMP-N-BURN** + +* This makes $USELESS the world's first serious hyper-hyper deflationary token. Buybacks are from external BNB, not recycled from internal BNB -- like so many other tokens! + +So, some more quick facts: + +🤝 **We are part of the new “DeFi Alliance”** Created by ex-SafeMoon core team member Ragnar, which also includes notable projects such as: + +* PiggyBankToken +* The Collective Coin + +🐳 **95 % friendly whales** + +* 29 of the top 30 holders came forward and have agreed to support the project + +🧮 **Tokenomics – because why the hell not?!** + +* 4 % is added to LP, 4 % is distributed to the holders (incl. burn wallet) +* LOCKED LP + +**Useless links:** + +✅ Contract [https://bscscan.com/token/0x2cd2664ce5639e46c6a3125257361e01d0213657](https://bscscan.com/token/0x2cd2664ce5639e46c6a3125257361e01d0213657) + +✅ CMC [https://coinmarketcap.com/currencies/useless-token/](https://coinmarketcap.com/currencies/useless-token/) + +✅ CG [https://www.coingecko.com/en/coins/useless-token](https://www.coingecko.com/en/coins/useless-token) + +✅ Contract owned by multi-signature safe [https://www.bscscan.com/tx/0x07f99ae8172db58ed667f40957f8ba654fa058ae242d37aedcaeb1cd3ec83da1](https://www.bscscan.com/tx/0x07f99ae8172db58ed667f40957f8ba654fa058ae242d37aedcaeb1cd3ec83da1) + +✅ Chart [https://charts.bogged.finance/?token=0x2cd2664Ce5639e46c6a3125257361e01d0213657](https://charts.bogged.finance/?token=0x2cd2664Ce5639e46c6a3125257361e01d0213657) + +✅ Discord [https://discord.com/invite/uselesscrypto](https://discord.com/invite/uselesscrypto) + +✅ Telegram [https://t.me/uselesscommunity](https://t.me/uselesscommunity) + +✅ Reddit [https://www.reddit.com/r/UselessCrypto/](https://www.reddit.com/r/UselessCrypto/) + +✅ Twitter [https://twitter.com/uselesstokenorg](https://twitter.com/uselesstokenorg) + +✅ Instagram [https://www.instagram.com/uselesscrypto/](https://www.instagram.com/uselesscrypto/) +**Hey CMS, this is the Project Manager for $USELESS,** + +VICE wrote a pretty neutral and neat article about us. Check it out to if you want to get an idea about our new and innovative "Pump-N-Burn" mechanism, combining a crypto asset with the revenue of an actualy company. + +**VICE article** \- [https://www.vice.com/en/article/88nvw3/useless-token-is-the-latest-wild-scheme-promising-crypto-riches](https://www.vice.com/en/article/88nvw3/useless-token-is-the-latest-wild-scheme-promising-crypto-riches) + +**The PUMP-N-BURN strategy** + +* *What is the USP of $USELESS?* + +**TL;DR** \- [https://imgur.com/a/6swubWX](https://imgur.com/a/6swubWX) +**Difference between internal buy backs (such as EverRise) and external Buy backs (USELESS):** +[https://imgur.com/a/WvOQmKN](https://imgur.com/a/WvOQmKN) + +\_\_\_\_\_\_ More Information: \_\_\_\_\_ + +**1) We formed a company: Useless Crypto, LLC.** + +* Registered in the US, all six core team members identified on [https://uselesstoken.org](https://uselesstoken.org/). + +**2) This company develops various products. For example:** + +* USELESS Merchandise ([https://useless-crypto.myshopify.com](https://useless-crypto.myshopify.com/)) +* An innovative user-friendly (!) chart app +* A whale tracker app +* And some not yet fully-developed concepts. +* *We monetize all projects and roll a profit.* + +**3) And this is where the token $USELESS comes into play and where the magic happens:** + +* The company uses these profits to buy $USELESS which means: new capital comes into the market +* 📈 **PUMP** 📈 +* However, the company does not keep these $USELESS, but burn them immediately: +* 🔥🔥 **BURN** 🔥🔥 + +**4) PUMP-N-BURN** + +* This makes $USELESS the world's first serious hyper-hyper deflationary token. Buybacks are from external BNB, not recycled from internal BNB -- like so many other tokens! + +So, some more quick facts: + +🤝 **We are part of the new “DeFi Alliance”** Created by ex-SafeMoon core team member Ragnar, which also includes notable projects such as: + +* PiggyBankToken +* The Collective Coin + +🐳 **95 % friendly whales** + +* 29 of the top 30 holders came forward and have agreed to support the project + +🧮 **Tokenomics – because why the hell not?!** + +* 4 % is added to LP, 4 % is distributed to the holders (incl. burn wallet) +* LOCKED LP + +**Useless links:** + +✅ Contract [https://bscscan.com/token/0x2cd2664ce5639e46c6a3125257361e01d0213657](https://bscscan.com/token/0x2cd2664ce5639e46c6a3125257361e01d0213657) + +✅ CMC [https://coinmarketcap.com/currencies/useless-token/](https://coinmarketcap.com/currencies/useless-token/) + +✅ CG [https://www.coingecko.com/en/coins/useless-token](https://www.coingecko.com/en/coins/useless-token) + +✅ Contract owned by multi-signature safe [https://www.bscscan.com/tx/0x07f99ae8172db58ed667f40957f8ba654fa058ae242d37aedcaeb1cd3ec83da1](https://www.bscscan.com/tx/0x07f99ae8172db58ed667f40957f8ba654fa058ae242d37aedcaeb1cd3ec83da1) + +✅ Chart [https://charts.bogged.finance/?token=0x2cd2664Ce5639e46c6a3125257361e01d0213657](https://charts.bogged.finance/?token=0x2cd2664Ce5639e46c6a3125257361e01d0213657) + +✅ Discord [https://discord.com/invite/uselesscrypto](https://discord.com/invite/uselesscrypto) + +✅ Telegram [https://t.me/uselesscommunity](https://t.me/uselesscommunity) + +✅ Reddit [https://www.reddit.com/r/UselessCrypto/](https://www.reddit.com/r/UselessCrypto/) + +✅ Twitter [https://twitter.com/uselesstokenorg](https://twitter.com/uselesstokenorg) + +✅ Instagram [https://www.instagram.com/uselesscrypto/](https://www.instagram.com/uselesscrypto/) +In my current job I make about 63k/year. It's low stress, four hour work week, I probably work close to 35 hours a week max, and all work from home. + +However, I was offered another position that pays around $140,000 but it's a lot higher stress, minimum 40 hours a week minimum (although any OT is double pay), will have to move out of state (which I'm fine with), etc.. + +In your opinion, is a higher stress job worth the higher salary? I do have a dream of owning even a simple home some day.. and it seems to be getting harder and harder to do on a $63k salary. + +edit: I'm 26 with about $40k in savings and no debt/kids. +I made a [video](https://www.youtube.com/watch?v=D9ao2NZJT7k) as I walked through Uber's S-1. I'm hoping people don't get burned by the hype and a $120B valuation just because it has a well-known brand name. Could be a good investment at some point, but just not at the levels they're throwing out right now. +I want to share a huge achievement - after more than 10 years in debt, I've hit positive net worth! + +My FI journey started 13 months ago when I stumbled across [this inspiring article](http://nomoreharvarddebt.com/2012/03/29/mission-accomplished/) about paying off $90k in student loan debt in less than a year. I started reading MMM and found this community soon after. + +Before getting aware of the possibility of financial independence, I disliked paying interest, so I bounced all of my debt around between zero interest rate credit cards - however I spent way too much money and paid little more than the minimums. I really thought I was shrewd for avoiding interest. However, even with a rigorous budget for the last few years, I couldn't stop myself from overspending. + +I tried to ignore the feeling of carrying the weight of debt, yet every time I made a purchase outside my budget, I felt guilty and knew that I should be paying the debt off first. + +The inspiration I got from this community, from MMM, and from that initial article is what I needed to make the change - I modeled my debt pay-down in a spreadsheet, then set my goal to be 100% out of debt by Nov 2016, 23 months from when I started. I cut my spending and started pouring $2k/month toward debt. + +When I started, in Nov 2014: + + Net Worth: -$40,146 + +Now, 13 months later: + + Assets: $21,741.30 + Liabilities: $-20,537.58 + Net Worth: $1,203.72 + +In a little over a year, I've increased my net worth by $41,350. This is a combination of tax-advantaged savings, larger emergency fund, and paid off debt. + +My goal this year: save $35k, which includes paying off my remaining $18k in debt. (Auto loan, student loans, and a little bit of 0% credit card debt. Debt number doesn't perfectly match my liabilities because I have credit card balances I pay each month.) This represents a 32% savings rate on my estimated gross income, 52% on my net income. + +Here's a Mint chart of my [net worth over time](http://i.imgur.com/ksDBXrp.png). (Edit: black line is net worth) + +Thanks everyone for the encouragement you've given through your own posts. + +Edit: Math fixed. + +For context: Earned $85k in 2015, got a raise and a side gig that's going to net possibly $20k, so I'm estimating around $109k in 2016. +[https://www.marketwatch.com/articles/rivian-ipo-stock-price-lockup-51651494868?mod=mw\_latestnews](https://www.marketwatch.com/articles/rivian-ipo-stock-price-lockup-51651494868?mod=mw_latestnews) + +Rivian is down 72.23% YTD but they just got 1.5B to build a plant in Georgia + +[https://www.marketwatch.com/story/rivian-to-get-1-5-billion-in-incentives-to-build-georgia-electric-vehicle-plant-01651532762?mod=mw\_quote\_news](https://www.marketwatch.com/story/rivian-to-get-1-5-billion-in-incentives-to-build-georgia-electric-vehicle-plant-01651532762?mod=mw_quote_news) + +Their stocks went down along with Rivian but they invested so much money in it already... I wonder how low or high the stock will be on Monday... + +&#x200B; + +\*Update\* 5/8 + +looks like Ford will be selling their shares.. + +[https://www.cnbc.com/2022/05/08/ford-is-selling-8-million-rivian-shares-sources-say.html](https://www.cnbc.com/2022/05/08/ford-is-selling-8-million-rivian-shares-sources-say.html) + +&#x200B; + +\*Update 5/9 + +[https://www.marketwatch.com/articles/rivian-rivn-stock-ipo-lockup-ford-amazon-51652096411?mod=mw\_latestnews](https://www.marketwatch.com/articles/rivian-rivn-stock-ipo-lockup-ford-amazon-51652096411?mod=mw_latestnews) +This might be a stupid question so apologies if it is! + +No one in my family has ever bought a house. I have no idea how you even start the process of buying a house. + +Obviously the house costs money, mortgages accrue interest etc. But from what I gather you also need other services such as solicitors, brokers, estate agents, surveyors etc at some point in the process. + +Besides the deposit, roughly how much would you have to save to buy an “average” house with a mortgage (e.g. a 3 bed property, not in London, not a megamansion) to cover all of these extra fees? I’m not expecting a specific answer as obviously services vary and prices go up and down. Just a ballpark figure. + +Not including things like moving/removals etc - I rent and have moved house a few times and I already know it can get pricey! + +If it matters I’m not looking to buy right now, just something that popped into my head/would be useful to know as part of the saving process. + +Thanks! +Like most of you apes here I'm poor. Well off compared to most and yet here I stand with almost nothing of value to show for it. Personally I'm a xx GME holder since January when it hit $350 (10 minutes later RH halted the buying of a few certain stocks and GME). Aside from that I'm just another person lost in a system like so many others. + +As a lot of you know there's just some traps of poverty that a lot of people may not have nearly under control as they think they do. So when the day comes (probably one of them that ends in a Y, trust me my dad's wife's boyfriend works at gamestop), I have a feeling that a lot of people may blow all their tendies on shit that doesn't matter. + +This isn't a well researched DD, this is just life experience. This is the reality. Off top of my head + +1. DON'T TELL YOUR FRIENDS AND FAMILY SHIT IF YOU HAVEN'T ALREADY. Casual chit chat like "Oh have you guys heard about this GME stuff haha" is fine. Of course use your better judgment and tell people you think you can trust. In my experience, If you're poor but able to buy stocks, then there's a good chance the people you're telling are also poor and probably have no idea what the fuck you're talking about, they just hear that you think it's a good idea to spend 30% of a paycheck on a thing for which they do not get immediate benefits for. + +2. DON'T TELL A FUCKING SOUL. HOW MANY HORROR STORIES HAVE WE ALL READ ABOUT SOME DUDE FROM BUMBLEFUCK NOWHERE, USA WINNING THE LOTTERY AND THEN 6 MONTHS LATER HES EITHER A FORMER MILLIONAIRE FROM GIVING HIS MONEY AWAY TO 4TH COUSIN KENNY G SO HE CAN START HIS HEDGE TRIMMING SIDE HUSTLE THAT TURNED OUT TO BE A SCAM TO BUY CRYSTAL METH. THIS ISNT THE LOTTERY. THIS IS HOURS OF RESEARCH PEOPLE WENT THROUGH. THE DIFFERENCE BETWEEN SMART MONEY AND LUCKY MONEY IS WITH LUCKY MONEY YOU HAVE TO GET LUCKY EVERY TIME. SMART MONEY ELIMINATES THE FACTOR OF LUCK. + +3. Buy better drugs. Chances are you are taking drugs to cope with the difficulties of poverty. Personally I love smoking weed and occasionally psychedelics. If you don't do drugs or drink, and just raw dog life, how? But besides the recreational stuff, we're also talking pharmaceutical. I know a lot of people personally that are in their necks with medical dept. Now fortunately, is no longer a problem to worry about. So go see good doctors so they can help you with your ailments. + +4. Go to therapy. When you grow up in poverty, there's a certain amount of violence, degradation and humiliation you experience that no human should realistically be able to cope with by themselves. If you're like myself where you feel extreme guilt for dumping your problems on others, a therapist is perfect for that. When given time to really think about your experiences and then too really question what you saw and why you saw it can be very difficult to navigate without professional help. + +5. You're not living paycheck to paycheck anymore. Buy better food. That means you don't have to stretch an onion and 3 lbs of beans for a week or frozen meals that have almost no nutritional value besides being calories you can use to burn between jobs. Take your time to enjoy it. Savor the flavor. Learn to cook for the love of it, not for the sole purpose of "eat to survive" + +6. Take care of your mouth and teeth! For some reason dental is treated as a luxury insurance (insurance itself is a luxury but I digress). Your teeth and your gums are not luxury. They are essential to your basic survival. You need teeth to chew. You need your gums not to not have gum disease because it will certainly give you a heart attack eventually. + +7. Don't be a dick. I've seen a few posts around here saying they're gonna rub it in their faces to the people that doubted them and gonna do a whole Lotta this and a whole Lotta that. At the end of the day, what is money. Just another form of energy that can be used for good and bad. Some wisdom that was passed on to me from my grandmother who still works in her late 60s because she wouldn't be able to afford insurance without it. "Being kind is free, I can't afford not too be". At the end of the day we're all human. We're all apart of this world and connected in such ways we can't comprehend. + +Tldr; +There's a good chance you're not gonna be in poverty this time next year. Keep track of your poverty habits post MOASS or you'll probably fuck everything up for yourself. BUY.HODL.BUCKLE UP +The announcement of Rex Tillerson, the head of Exxon Mobile, as a front runner for Secretary of State is a gargantuan conflict of interest since Exxon was unable to complete a merger with Russian oil company, Rosneft, due to sanctions under president Obama. With Tillerson as SoS he could lift those sanctions, making way for the $500 billon merger between Exxon and Rosneft. I'm somewhat new to investing. Not sure if I should be hiding under my bed or investing in Exxon Mobil +My tax preparer said I made a donation to a charity and valued it at 9k. I was not aware that they were doing this and presumably did this to get me a bigger return. I’ve already received my refund. Only today reading through my Filed Tax Form did I catch the donation. I’m absolutely getting a new person next year and should have reviewed it myself beforehand but I trusted they were doing everything in good faith. + +Any ideas on how to go about fixing this? I haven’t touched any of the refund money so I’d be more than willing to return whatever I may have too. +I have a weekend job that I’ve been doing for a little less than a year. I earn about $300 for 16 hours of work per weekend. + +I originally got the weekend job to help pay for my rent, however I just recently got a raise at my primary job that now makes my income sufficient for my cost of living. I also am moving to an apartment in August that is probably about $200 cheaper per month than my current place. So now, the paycheck from my second job gets deposited directly into my savings account. + +It would be great to keep my weekend job and build up savings, but I recently had to take off 2 weeks for surgery. Now the thought of going back to work 7 days a week is overwhelming. + +Currently at my weekend job I am getting paid to do about 5 minutes of work in an 8 hour day, because COVID-19 pretty much shut down most of our operations. So I am planning on keeping the job at least until I have to actually start “working” again. Which is potentially starting in August. + +I’m just trying to get opinions on whether I should suck it up and keep the job after August. Maybe I should stay until I reach a certain amount in savings (right now I have a little over a $2000 emergency fund, but I could work on building more). + +I owe about $9000 left on my car loan, so maybe I should be paying more on my car payments to pay off my car before I quit? I don’t have any other debt. + +It’s a really easy gig even when we are at full operations. The hours are 6a-3p so I still have most of the day free in the weekend. Yet I still feel like it’s so draining to not get a single day off, I’m not sure it’s worth it anymore. + +Sorry for the wall of text, but your advice would be appreciated! + +Edit: I sincerely appreciate all of the responses! I tried to respond to as much as I could during my work shift, but now I’m home so I’m going to attempt to decompress. You all have given me a lot to think about, and distracted me from a boring work day haha. Thank you!! +After being a good boy and buying mostly ETFs for a while, I cashed out some bitcoin (bought in 2013 and made about $9k – I was lucky and forgot I bought it so I didn’t sell too early) and bought CAN at 2.78 about 2 weeks ago, and I'm up almost 10%, but I don't really trust the price. I don't normally like meme stocks for this reason. It's just like gambling. + +I had some lithium stocks last years and felt bad the whole time I held them, whether they were going up or down. Sold them for a 30% profit which is nice, but it could've been like 200% if I held. I'm not proud of my gains, though. I just listened to the buzz and bought them. No skill or intelligence required - just the balls to buy something that may result in you losing most of your money. That's not admirable - it's stupidity, really. + +I'd much rather stick with ETFs and a small (maybe 30%) satellite of bluechips and no more than 10% of my portfolio in meme stocks or shitcoin. + +When I first started trading I lost like 5k on SGH trying to buy the dip like a fucking moron. Also lost like 3k on QAN when I panic sold in 2016. Would've been up like 60% if I held. Who the fuck panic sells *QANTAS*? Also lost money on Santos when my dumbass friend went on a rant about how oil prices will stay low because renewables are taking over. I disagreed and put up a pretty solid rebuttal but still got spooked and sold. Would’ve been up like 60% too. + +If I just put it all VAS/VGS like I tell everyone, I would've been up around 10% since first purchase, probably 15% if Trump didn’t keep sperging out. Instead I'm probably not even above inflation or a bullshit HISA. I don't even know because I'm too cheap to spring for a Sharesight subscription. It's possible I'm in the red. I like to think I'm at least slightly above a HISA or term deposit, though - so I can keep acting smug and tell people not to be scared of the stock market. + +Oh well, at least I don't own property. And at least I'm learning. I have learnt a lot in these past few years since I started investing. I remember how scared I was when I put my first 10k in, thinking it was too much to risk. Three months later all my savings were in there and I was fucking day trading for $50 profits completely ignorant of all the tax bullshit I'd have to deal with. I thought I was baller, but I was just a retard. You really don't know what you don't know. Fucken Dunning-Kruger is a bitch. + +On a positive note, even though I recently lost money with TLS and barely broke even with PTM, I'm a much more informed and responsible trader than I was before. + +Just don't let me margin trade or teach me how to buy options or trade on US exchanges. + +Anyway, have a nice weekend peeps. +From email: + +“in addition to the Current Eligibility Criteria, from 1 March 2021 you must also ensure that the balance of your nominated Savings Maximiser account at the end of the month (excluding interest) is higher than it was at the end of the previous month.” + +and: + +“Many of you have been asking for motivation to keep your saving habits up. So, we decided to set up some deck chairs and cheer from the sidelines. + +To give you a little nudge we'll be asking you to grow your savings each month to get ING's best rate. + +So gather round, we've got some changes to our Savings Maximiser rate that we want to let you in on early, if you want to get our best possible interest rate.” + +So if some life event makes you use a chunk your own savings maximizer account money, as well as your account being down, you get kicked an extra time via less interest. And either way, suggesting this is something people wanted is pretty screwed up. +The press is claiming doom and gloom for Australian mortgage holders due to New Zealand increasing interest rates. Do you believe Australia will follow New Zealand example? +I expect NSW to be locked down until sometime in September. Can not see Australian rates rising and setting Australia up for another recession +First things first, I’m almost 80, so please go easy on an old fella! + +Last year after chatting to a neighbour, I bought about $1000 worth of AFIC shares for my primary-school aged grandson at about $5.90 or so. In the year since, I’ve seen extra shares being added to the total from the dividend reinvestment plan, which is nice to know it’s growing little by little. + +My question is two-pronged: was this a smart move to have this secret amount of money ticking away for him for when he’s older? And to follow on, now that the price has dropped far below what I paid originally, I’m considering buying another amount for him. What would you do to set up your grandson in this way (or any other way)? + +I’ve never participated in this kind of thing prior to the initial investment, and am humbly open to suggestions. I initially did a lot of reading about what to buy, and AFIC seemed like a good start at least. More AFIC? Or any other suggestions/comments. + +Hope you all have a lovely day !! +https://www.news.com.au/finance/real-estate/data-shows-17-million-australian-borrowers-are-in-housing-stress-following-interest-rate-rises/news-story/78407ccf148036293e01933f747a97c7?amp +I’ve noticed a quite substantial difference between several ETFs and the actual markets they are tracking. These are all unhedged so is the problem currency fluctuations? + +The Australian $ gained 3% between the 5th and the 24th but then lost those 3% gains between the 23-26/2 but that’s no reflected in the ETF price in that case + +For example 5-26Feb + +IVV loss of -4.43% +Actual s&p500 +1.9% over same period +IVV US ETF matches the stock market at +1.8% + +However even the hedged version of IVV (IHVV) still showing a loss of -1.8% + +Same was Nasdaq over same period +Betashares -$8.99 +Nasdaq Index -$4.7 + +Currency over this period shows a minuscule 0.4% gain for AUD over this period + + +One way we can promote cryptocurrency is through the people in the adult industry. All the people who ask you to donate to their page - Ask them if they take crypto. If you want you can even help them set it up. There are crypto friendly sites they can use like Onlycoins or Naftyfans. Think of the size of that industry. If they all opened wallets we’d have global adoption tomorrow. + +So if you want to help message your favorite content creators and offer your services to them. + +{posting for a friend} +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +I'm 48 and would like to retire in a year and a half. I have about 750k, split between taxable, IRA, and ROTH accounts. Currently holding a large mix of stocks and bonds. + +I'd to know if it's possible to generate 50k (or more) per year in dividends with the right mix of ETFs or single stocks. Is that a pipe dream or something that is completely feasible? + +If you were task with putting a 750k portfolio towards that 50k per year income goal, what would you suggest? + +Thank you for your thoughts. +So I’ve seen far too many posts here praising SCHY without any discussion of the potential risks or downsides of investing in this ETF. + +I would like to present the bear case for this ETF and explain why I believe it will underperform from both a price appreciation and dividend growth perspective. + +First, it’s important to note that the underlying index which SCHY tracks is the Dow Jones International Dividend 100 Index. + +This index has has a 10 year net total annualized return (price appreciation + dividends - currency conversion) of 7.37%. + +For comparison, the DOW JONES 100 US Dividend Index returned 14.30% annualized (total return) over the same time. + +This is freaking huge. That’s nearly 2x the annualized rate of return. + +Now, it wouldn’t be fair to consider these two indices as equals because one is grounded in the US and the other provides international exposure. This is a fair point and a little bit of international exposure is warranted in a well-constructed portfolio. + +HOWEVER, there are far better options for international ETFs which will likely offer superior total returns. In particular, I STRONGLY recommend etfs tracking Asia (in particular China) as this is where economic growth is greatest. I would look into CXSE which is an ETF that tracks Chinese securities with <20% state ownership. Top holdings include big-names like BABA, TCEHY, JD, etc. + +Now, while this won’t provide you much dividends (the yield on the aforementioned ETF is fairly low), it will provide very high total returns. There’s a reason why some of the most successful investors and hedge funds in the world are so heavily invested in China (and BABA/TCEHY in particular). + +Later, once the etf has grown you can sell it and convert the funds to a dividend-paying index. This method will sacrifice some dividends now for a greater dividend yield in the future as long-term total returns should be greater. + +I also strongly believe that SCHY will be limited in its ability to grow its dividend payout over time. Looking at some of the top holdings we see Deutsche Post (3 year DGR of 3.3%), UL (3 year DGR 5.19%), GSK (reducing dividend after spinning off assets), Sanofi (3 year DGR of 2.1%). +The list goes on and on but basically the index holds a bunch of companies that have low dividend growth rates as a consequence of their high payout ratios. + +Just some food for thought. If you really want international dividends then this is definitely the ETF for you but if you care more about total return then I would suggest looking elsewhere. +**About the Company:** + +TROW is an asset manager for both institutional and individual investors. They currently have about $1.6 trillion in assets under management (AUM) balanced between equity, balanced, and fixed income with two-thirds being held in retirement accounts. Most of the assets are from the US with under 10% of AUM from overseas. Over the past 10 years, they have seen a 12% CAGR on AUM. + +&#x200B; + +**Strengths:** + +* High % of AUM in retirement accounts gives a sticky client base (wide moat) +* Solid Leadership +* 35 years of dividend growth (through the Great Recession) + +**Risks:** + +* Oak Hill Advisors deal (near term flows and rise in costs) +* Low Analyst Estimate Revenue Growth for next few years +* Stock Market Volatility + +&#x200B; + +**Financials:** + +TROW is sitting at a forward PE of 11.82 currently with a market cap of just over $33 billion. They had free cash flow (FCF) of $3,213 million in 2021 ($1,451, $1,318, and $1,704, in 2018-2020). This gives them a FCF yield of 9.45% from 2021 or 5.01% from 2020. They have a great balance sheet with $1.5 billion in cash and cash equivalents from their last quarterly report for just $2.25 billion in total liabilities ($12.5 billion total assets) making this a high equity business. According to Seeking Alpha's revenue estimates for 2022 and 2023 are $7.81 and $8.15 billion compared to $7.67 billion in 2021. + +&#x200B; + +**Dividend:** + +TROW has a current dividend of $4.80 per share, which is a 3.33% starting yield and a 33.86% payout ratio. As mentioned in the strengths they have been growing their dividend for 35 years and just announced a dividend raise from $1.08 to $1.20 (quarterly) an 11% increase. Their 5-year CAGR is sitting at 14.87% making them a solid dividend growth play with a low payout ratio. TROW also has a history of special dividends which they have given in 2021, 2015, and 2012. + +&#x200B; + +**Thoughts:** + +I think TROW is an attractive investment at this price after a considerable correction from its highs in August with a great history of dividend growth and an excellent balance sheet. I think their focus on retirement accounts makes them even more attractive as they should not see massive swings in AUM based on market conditions. Currently, Morningstar gives them a FVE of $195 per share which is similar to the value I calculated using DCF. + +Thank you for reading, I would be happy to hear feedback from you on TROW as well as my writing. If you found any mistakes please let me know so I can correct it. Props to u/chaosumbreon87 for inspiration on the format. + +&#x200B; + +Disclaimer: I am long TROW, this is just my opinion from researching the company and is not financial advise +-> https://www.theguardian.com/money/2019/aug/13/danish-bank-launches-worlds-first-negative-interest-rate-mortgage + +1. what's the main evidence that shows what effects this has on buyers? + +1. what's the main evidence that shows what effects this has on the economy? + +1. what's the main evidence that shows what effects this has for everyone else? + +1. what's the main evidence that shows what effects this has on homes? + +1. what other important things should be known? +Hello, + +I apologize if this is a dumb question - I'm new to REI and am learning awhile having my first 2 properties. + +As you all saw, a 75bps raise happened today. Bug how much farther could it go? Of course, nobody truly knows, but just looking for a rough idea as I'm new to this. Could we see 10% rates by this time next year? +I currently own a property that has a mortgage in my personal name and is deeded to myself. I want to transfer ownership of it for liability reasons into a LLC I created for this property. Would I use a warranty deed or a quitclaim deed to transfer ownership. Will this affect the mortgage I have on it with property taxes being paid through escrow as well? Please let me know. Thanks. +Hey everyone, So I am a young man and one of my friends wants me to be the head of his real estate development company. One project would be a 70$mil parking structure and the other is 250$mil multi res. I do have some experience in this field but from a different POV as I work in lighting sales. The owner is a good friend of mine and wants to mentor through the process but I want to educate myself as much as possible because this is an incredible opportunity for me. Any information would be appreciated and treasured. Stuff on the business process, things to look out for/ what would you tell your younger self? I’m all ears! Thanks +Hired a contractor to fix a leaking shower (and some other things that he didn't do). He finished 3 weeks after the deadline and now the shower isn't draining. Plumber came out to snake it and started pulling out chunks of grout. Plumber says the pipe is blocked with grout and only solution is to go through the ceiling of the unit below and replace the pipe. + +I haven't paid the contractor for the work, but I am losing rent bc the shower still isn't functioning. + +I am very angry and can't think clearly; please help. Where do I go from here? Do I just hire the plumber fix the pipe so I can finally rent out the unit? What do I say to the contractor? +Bearish sign? + +[https://www.npr.org/2022/01/31/1076978207/starbucks-union-push-spreads-to-54-stores-in-19-states](https://www.npr.org/2022/01/31/1076978207/starbucks-union-push-spreads-to-54-stores-in-19-states) + +Starbucks is facing a fast-growing union campaign just weeks after the first U.S. corporate store unionized in Buffalo, N.Y. + +Employees at 54 stores in 19 states are pursuing union elections, according to organizers. Fifteen of those stores joined the union drive on Monday, petitioning the federal labor officials to set a vote. The filing coincides with the start of contract negotiations between Starbucks and unionized workers in Buffalo. + +Last month, Starbucks workers at three New York stores held union elections. A majority voted in favor at two of the three locations, unionizing 64 workers. Now, some 30 Starbucks workers in Mesa, Ariz., are wrapping up their own union election by mail. Employees at three more Buffalo-area locations also begin voting this week. Starbucks workers form their 1st union in the U.S. in a big win for labor. + +Altogether, the union-election push affects only a fraction of almost 9,000 U.S. stores run by Starbucks. But the quick and high-profile first union victory in Buffalo became a watershed moment for the company, especially as restaurant workers are among the country's least unionized. +I remember Bill Gates said in one of his books that years from now, the next big companies are probably the ones that don't exist at the moment. + +20 years ago, we didn't know that Social Media, Electric Cars, or Search Engines will be that big. Now, Facebook, Tesla, and Google became one of the largest market cap in the stock market in less than 2 decades. Compared to Apple, Microsoft, Amazon that existed way back before the year 2000. Although, I think we can include Amazon since they leveraged the internet at the time when people found it fad. + +What do you think are the type of companies or industries that we didn't expect that they'll be that big 20 years from now? +I started a Roth IRA with Edward Jones when I was around 21 after I got an inheritance. I am now 27 and at an age where I have a decent concept of finances and am wondering if it is worth keeping my funds here. Do I have the option of pulling my funds out of Edward Jones and rolling over into a personal Roth? Or would I be screwing myself by making this change? I really don't know what's at stake and if it is worth making a switch and leaving EJ. Any advice would be greatly appreciated. +[I'm very proud of myself, but I don't like to talk about my finances in real life. I would love to share it with you guys.](http://imgur.com/8mpwJNI) I may have gotten lucky, but I also think I had a lot of balls. Since then I've become much more conservative. +I see a lot of countries/regions restricting the access to their market - be it real estate or ETFs, and I'm seriously thinking of acquiring a new citizenship. Now, I'm not interested in some Caribbean countries' citizenships (unless you're someone like Pavel Durov) but something like Portugal where you only need to invest an amount as low as €280k and spend two weeks per year, and learn a bit of Portuguese to get a very useful and valuable EU nationality. + +However, I'm afraid some day - let's continue with our example - Portugal starts implementing a global income tax like the US, and then you'll be forced to pay those taxes or even an exit tax if you denounce the citizenship. You can't even not just pay it, tax evasion is a serious international crime (funny story: Alexis Sánchez (a popular soccer player) was denied a US tourist visa in the UK because of tax fraud conviction in Spain). + +I do not recommend renouncing your citizenship unless you're fine never going back to that country, especially if you're from the US. + +Acquire new citizenship(s): yes/no? why? +You do not have significant retirement savings to lose. Any money you invest during a crash will produce outsized returns in the future. Anyone who has monthly savings should be buying diligently during the next year. You can't time the bottom. + +Edit to say: yes, as long as you don't lose your job. Your milage may vary based on your profession. +Hey guys just a question here since we've never built any equity and I have a couple of ideas to help us get started. + +My wife and I are employed full time with an total income of $200k/year. + +We're renting in Melbourne at $1700/month. + +So first up we have 2 quarter acre blocks in rural Victoria near Daylsford - very picturesque. + +We have worked with an Architect and have designed our solar passive, dream home. Total cost to build is roughly $600k including connection to services. We can begin the build in a year. + +I am considering building a smaller pre-fab build from someone like Archiblox or similar as an AirBnb on the second block as well. Something around $300k. We could begin this build in 3 months. + +My question is this. Should we consider the cheaper build first, stay there for a few years and then build our dream home on the second block? Then the second one can be rented out or AirBnb-ed and eventually sold or continued renting. + +Or it doesn't matter? + +Any insights with finance / planning would be much appreciated. Thanks guys +There’s been a lot of great talk about mentally preparing yourself during the ups and downs of the MOASS to see dips and not panic. And it’s all amazing. Stick to that. + +Carrying that further, the MOASS will take time. Weeks maybe? Hard to say. But that means if you’re looking at a $50m floor, you’ll be a millionaire for a loooooong time before you’re out. If you’re an xx holder, you’ll be a millionaire for the first (most likely) time in your life at $100k. There’s a lot of space between that $100k and your floor. + +Mentally prepare yourself to go about life normally. Going to work, loving your friends/family. Coming onto Reddit. Going to bed. Paying bills. Walking your dog. It’s going to be weird and don’t underestimate it. + +Doing the monotonous could make it tempting to sell before your floor. Your financial life will have changed, but as long as you’re still holding, your life hasn’t changed at all. Mentally prepare yourself for the gray area of being a millionaire in stock but holding on to the end. + +It’s going to be the best strange feeling you’ll ever have. +In a place with so many fairly liberal, educated, intelligent people. (and I'm going to assume they have better jobs because of it)..this subreddit ranks way low in the number of subscribers. + + Are they mostly in personal finance or is the turmoil of the last ten years simply a disincentive for people ever investing in equities and paper again? + +edit: awful grammar +Double edit: you guys are awesome redditors +The latest fiasco with Ortex has shown that their greatest fear is SS leaking out to other outlets. We've known this since the beginning, yet where is our official Superstonk Twitter, Facebook, Instagram, or TikTok accounts? They want to limit us to Reddit cause the only people who use Reddit is us. We're confined, contained, and dare I say, complicit in keeping the information internal. + + +So I'd like to propose the mods make official SS accounts on other social platforms. Hell put us on Pintrest. Put us everywhere. We're constantly on the front page of Reddit cause GME holders flock to this one page and up vote the crap out of the latest DD or bullish news or market fraud. We should be doing the same for every platform so everyone can see every single time. + + +Just imagine everyone in the world ALWAYS seeing GME trending the way WE see it. ALWAYS seeing market "glitches", DRS progress, short insert rates, NFT Marketplace hype, DTCC stock fraud, rule changes, EVERYTHING. + + +I thought we were doing our part to fight this corrupt market, but I realize we are NOT doing enough. We have the numbers, the accessibility, the platforms. And it's SO easy too. Fighting corruption with awareness with click of a button. A like, a retweet, a heart, whatever. + +But we DON'T. WHY!? Y Y Y. We NEED a central place for apes to gather and like one single post from one single account just like SS. +That is all. Thanks for coming to my TT. + +&#x200B; + +Edit: Actually. Side note - We need a new flair. A "Call to Action" flair please + +Edit2: Here's a much needed reality check. Apes are the MINORITY. SS is a big group but still nothing compared to the rest of the world involved in making market decisions/rule changes/etc. + +So let me ask you this. If they are not listening now, why would they listen after MOASS? People were screaming back in '08 about the blatant market corruption, everything crashed, and then everyone forgot and moved on. Nothing changed. + +It's the same now. This information cannot keep being contained. It needs to reach the masses. Not stuck in this little soundproof box. Unless people are informed and outraged just as much as apes, nothing will change post-MOASS. It will just blow over, people will say oh wow those kids sure got lucky, the market will stay the same as it ever was. + +And if it does then this whole thing is for nothing. +As an xxx GME holder, I am very worried about the future of the GameStop company & my shares. After reading "The House of Cards" DD by u/atobitt, where he is describing that I am not a real owner of my GME shares and that they have stuck into DTCC members (particularly Cede) hands, and I don't even have a right to ask how many shares are being held by them and how many derivative IOUs traded on the market. + +I am very upset and I have no words to explain how little trust I have now towards the US Stock Market, where GameStop trades its shares. My last hope is to ask you, as a soon-to-be Chairman of the board, to recall the shares of GameStop for a recount. Only this way I will be able to understand what is the real price of the shares I am holding and the real amount of shares outstanding. Until that, trading GME will feel like running in the dark room with eyes closed - absolutely zero understanding of what is happening to the shares and where are they being traded at. + +Sincerely yours, + +u/rudyb0y + +👊 +So apparently Fidelity called their best performing investors and discovered those people had either forgotten about their account or had deceased. + +A primary source is difficult to find (it seems to be hearsay). I myself heard it on a podcast. Yet I still wanted to share because it's a great little anecdote! + +Here's an article that mentions it: [article here.](http://www.aol.com/article/2014/09/10/investing-success-secret-amnesia/20959031/) + +I'm participating in Interactive Brokers' stock yield enhancement program. They lend out shares and you get to keep half of the borrow rates if you participate. The problem is, they're not lending my shares. + +&#x200B; + +I have a few hundred shares of HOOD, and I thought I'd been making good bank from lending these, as rates are over 200%. I should've made a few thousand dollars over the past few weeks just from interest alone. And yet, for some fucked up reason, IBKR hasn't been lending my shares out. Does anyone know why this is? It's certainly not due to a lack of demand, since the rates are so high, and since 0 shares have been available to short MULTIPLE times over the past few weeks. Anyone else dealing with this issue as well? + +&#x200B; + +I'm trying to talk to their customer service right now, but their customer service has gotten worse and worse over the past few years. They're terrible. I'm considering switching brokers, even. + +edit: Spoke to the trade desk over the phone; they confirmed they have no idea why I haven't been getting paid. They'll get back to me in a day. If you have/haven't been getting your interest fees from IBKR for HOOD, please leave me a message in the comments. +Hey everyone, I'm exploring the world of selling calls/puts and I'm wondering how this works in practice. If I were to sell a deep OTM call on SPY (for example: it's trading at 467, and I sell a 477 call), I'm noticing that for each contract, I'd have unlimited risk and a max of $3 gain. + +So, is the idea to sell hundreds of contracts and then keep the premium as long as SPY doesn't move more than $10 by expiry? Or would it be financial suicide to sell hundreds of SPY contracts, since even a slight move above your breakeven would cost thousands of dollars? +Hey all, I started wheeling a few weeks ago and was planning on having this as my income to support me in the future. I read this article by a writer with 20+ years in finance and he made a number of good points against The Wheel: [https://wantfi.com/covered-call-writing-strategies-reasons-to-avoid.html](https://wantfi.com/covered-call-writing-strategies-reasons-to-avoid.html) . What are your all thoughts on it? + +Here are some highlights from the article that I haven't found addressed on other threads: + +\- Covered call and CSP ETFs underperformed the S&P even with millions of dollars researching the rules of the strategy and launching the funds. + +\- Most covered call and CSP ETFs only last a few years since they close for underperformance + +\- Any gains over the S&P with Wheeling would be eliminated with short-terms capital gains tax. + +EDIT: I’m not trying to attack the wheel strategy. I just want to understand all pros and cons +If I sell covered calls I lower my cost basis but limit my upside. If the price of the stock tanks I can buy a similar call (same strike, expiry) but since the price of the stock is further OTM and the expiry date is closer it will be cheaper than the premium I initially received from the first call. This seems like a pretty safe strategy for hedging your risk and giving you an exit if the price of the stock tanks. Assuming you can cover calls with calls you buy? I know it won't be huge gains but it seems like a low risk way to boost stock trading returns. Has anyone tried this strategy of covering a covered call to boost return in stocks and exit bad positions? +My partner realized recently that our passive income last year was 7 figures, and he’s started coming around to my opinion that he should think about at least taking a break from work. Even if he does decide to take another job, we have a loooong window before then, and our deal has always been that we would take advantage of that garden leave to live abroad. + +The big question mark is that we have a preschooler. She’s too young to get really mad about the move like an older kid, but she does complicate things. We could look into something like London, but since she’s in a Spanish immersion program right now, I thought maybe we also could try temporary expat life (6 months or so) somewhere Spanish-speaking. + +High-quality private preschool would be the make or break consideration. We are not into trying to downscale our life, so the city would also need to be someplace walkable with a lot of cultural amenities that appeal to fatFIRE folk (we are museum/classical music kinds of people). Bonus points if the climate is temperate. I would want to make the experience great, because I want my somewhat workaholic partner to stay retired with me. + +I’d ask in expatFIRE, but since we would only be living there for about 6 months (not interested in staying away more than a year), wouldn’t be working, and aren’t looking to save money via the move, our considerations are pretty different. + +Have any of you done this? What places should we consider? Are there any tax issues/health insurance issues/we should think about in relation to our longer-term goal to retire fat and retire early? +The bank have emailed offering me an increased overdraft, it says I'm eligible for up to 2k limit. I currently have a £250 overdraft that I don't use. I'm currently sorting my finances as we are planning to purchase a new house within the next 12 months so just trying to make everything as close to perfect as possible. + +I suppose my question is would having a bigger overdraft that isn't used look more favourable on a mortgage application as it would increase my credit availablity/reduce my credit utilisation? +Do not share my story. + +My mum recently revealed that she has a £7.5k credit debt across two cards, APR both over 10%. She has a long history of gambling, overspending on groceries and is generally just bad at keeping within a sensible budget. + +Now my brother and I are planning to finally put a stop to this and we want to fully manage her finances. Ideally we want her salary to go directly into an account that she can't access, then pay for rent/bills/credit debt/etc from that account. We would then transfer a budgeted amount per week for her variable expenses such as groceries. + +What's the best way of being able to do the above? My brother and I are thinking of opening a joint account (without my mum's name on it as we don't want our credit score to be linked with her), have her transfer everything she currently has to this joint acc, confiscate her credit cards so she can't rack up more debts, and let her keep her debit cards for her variable expenses. + +I've considered third party mandate and power of attorney, but the thing is I don't want her to be able to do anything with the money meant for essential expenses. Once the credit debt is eventually paid off, I'd like to build a pot of savings using her income without her knowledge, otherwise she'll come up with lies to convince us to give her extra money if she knows she has a nest egg. + +Is making a joint account with my brother the best way to do this? (Believe we both have good credit scores and don't have debt other than student loans, but we'll check this before making the account.) + +Edit: Possibly should have mentioned that my mum wants us to pay off her debts. I've paid off her debts in the past with no questions asked, but obviously she's just in an endless cycle of debts. I want to propose that my condition for paying off her debts this time is that she actually learns how to spend within her means. + +Edit 2: Thanks for the wake up call everyone - I've come to realise this all sounds really dodgy so I won't be trying to manage her finances anymore. I'll put her in touch with StepChange and hopefully she'll follow their advice, if not I don't think there's anything else I can really do. It's kinda hard watching her spiral downwards but I think this is all I can do for her. I'm just afraid that she'll start defaulting on rent and end up homeless. +“Bulls and Bears make money, but Hogs get slaughtered.” + +1. There must be demand for the company’s products. Nike’s been creating demand for decades, thanks to the “cool factor” supported by sharp advertising and clothing that looks good, feels comfortable and lets everyone know you’re an athlete. + +2. The company’s total addressable market. In other words, how big the market is for its products. Cramer also likes to know where it sits in the pecking order. Nike is the dominant player in footwear and number two in apparel. + +3. Are there any catalysts that can power the stock higher? Nike has several catalysts, like the Summer Olympics. + +4. Other ways to look into the future. Nike has a company-specific key metric called future orders, which allows customers to order merchandise six months ahead. + +5. The company’s ability to pass costs onto the customers. Nike made it clear in the conference call that it had no trouble passing on raw costs through price increases, Cramer said. + +6. It’s important to understand the geographic breakdown of the business. Nike’s fastest growing geographies are emerging markets, which is up 26 percent year-over-year. China is up 28 percent and the U.S. is up 21 percent. Western Europe and Japan are still challenging environments, but they’re offset by the strength elsewhere. + +7. Wall Street loves accelerating revenue growth. Nike has this across multiple product categories in both developed and developing markets. + +8. Inventory. When companies with retail components have too much inventory, it can be a problem since they’ll have to discount the older products before bringing in a new product. Nike’s unit inventory growth outpaced its sales growth, but since absolute unit levels have "plateaued," Cramer is not concerned. + +9. Good companies are always reinventing themselves and their products. Nike is doing this, Cramer said, with new technology in its shoes and marketing. + +10. Company culture. Nike is focused on improving the way they work. This is the least important item. + +&#x200B; + +When Jim Cramer worked at his hedge fund, he asked analysts the following eight questions: + +No. 1: What's goingto make this stock go up, besides the stock market? + +No. 2: Why is it going to go up? Is there something time sensitive? + +No. 3: Is this the best time to buy it? + +No. 4: Have you missed a lot of the move? How much has the stock gone up without you? Is it extended on a technical basis? + +No. 5: Should you wait until it comes down a bit more? What's the harm? + +No. 6: What do you know about this stock that others are missing? Is your instinct to buy based on general knowledge, and you're working on a herd mentality? Have you listened to the conference calls and done the research, or are you flying blind? + +No. 7: What do you actually know about the company and sector? Do you have personal knowledge? Do you know how the cloud works, what stock trades with what, or where it lies in the sector’s food chain? + +No. 8: Do you like this stock more than others you own and why? Is there anything to get rid of before buying this stock? +Yes, there would be a 3x loss in bad years, but even looking at it spanning like the COVID crash (I can't do the 2008 crash with UPRO because it's inception was 2009), but if you're holding long term it SEEMS to come out as 3x pretty consistently. I've read about this and about how volatility decay can make recovery after a crash a long process, but over the LONG term (several years) this seems(?) to work itself back out, from my limited testing. What am I not understanding? +Yeah, pretty much title. Proof or ban bitch. I have to make this 250 minimum characters so I guess I'll explain a bit... I'd probably finish my math degree (need 3 more classes), and settle down with her. I've spent the past few years working on myself in therapy and I've never been at a healthier point in my life. I think she is the one, if that even exists, and I'd love to find out. + +Take care everyone! +Yeah, pretty much title. Proof or ban bitch. I have to make this 250 minimum characters so I guess I'll explain a bit... I'd probably finish my math degree (need 3 more classes), and settle down with her. I've spent the past few years working on myself in therapy and I've never been at a healthier point in my life. I think she is the one, if that even exists, and I'd love to find out. + +Take care everyone! +I've made friends with people who say they would like to be the sole bread winner, and similarly I've spoken to cab drivers who say the same thing. In all of these cases, none of the individuals had children. + +I've also seen a lot of posts on this subreddit, where one partner is earning significantly below the minimum wage while the other is on a typical wage. + +Sometimes these posts on this subreddit follow with something similar to: "and after months trying to be the sole breadwinner, we realise it just isn't working". I imagine this usually (prior to children being involved) is associated with years of lost income that could have made (e.g.) family planning or financial stability more solid. + +I understand that when kids enter the picture, one partner might be much better with caring for children than the other. However, many many people make this decision to aspire to be the sole bread winner long before they have children, or even a partner. + +For those: 1. Without children, 2. Who earn more than their partner and 3. Want like to keep it that way - what are the reasons for wanting to keep it that way? + +Also, does anyone else have views on this from how it's affected friends or families? + +I ask this, as several recent posts on this subreddit where households financial stability has been put at risk from this pursuit of the single, or almost single income household (pre-children), have piqued my curiosity. + +I'm also asking as I've learned the motivations of my friends who have this sole bread winner ambition, but I'm eager to learn other motivations. +Hi, I'm 24 and have zero investments despite having a steady income. I earn about £50k a year and save around £1.5k every month. At the moment, I have about £15k that I can invest right away (apart from my rainy day fund). I'm looking to grow my money at this stage and am not super averse to risk. I'd appreciate any advice/ideas on where to invest my money, how to go about it and what the allocation between various investments should be. I've read quite a bit on the where and how, but I am also baffled by the contradictory information out there (everything seems to simultaneously be a great investment opportunity and a bubble). I'm also intrigued by investing in crypto, but genuinely don't know where to start from. + +In terms of my financials, I don't have any dependents and am expecting my salary to jump significantly next year (1.5x atleast). I moved from abroad less than a year ago, so I neither have the credit history nor the inclination to put down a deposit for a home in the next 2-3 years. I have maxed up my pension contribution and have about £6k in there. I'm not entirely sold on the career path I'm on right now so would like to build up a nice nest egg in case I want to take a break a few years later to recalibrate. + +I've done a fair bit of reading around this, but a lot of my anxiety/indecisiveness comes from not having much money growing up and not having access to a friendly adult who knows how to invest in the UK. + +Any thoughts on this would be really appreciated! Thank you :) +Psychology is, in my opinion, talked about far too much in the world of daytrading. Is it an important part? Yes, but perhaps only about 10% of it. If you aren’t executing your trading plan properly you are doomed to fail. However, if you don’t have a statistical edge, you won’t make money! It doesn’t matter how many times you “work” on your trading psychology. Edges are difficult to achieve! + +You need to be able to do the dirty work. You need to be able to spend time researching, backtesting (manual or automatic) and knowing the literature (mean reversion, PA, momentum) in order to be successful. A winning strategy requires an edge, but it also requires a reason for that edge to persist. In the case of price action, it can’t just be a combination of indicators or else you might find yourself overfitting your strategy. Overfitting often reduces the lifespan of a trading strategy because market conditions change. + +I think that mentors focus so much on trading psychology as a form of deflection from the most important part of trading, AN EDGE. Knowing your edge will give you confidence in executing your trades. Focus on finding one first, and then if you have trouble you can work on your psychology. + +And finally, don’t confuse hindsight bias with your psychology. It’s really easy to trick yourself into believing, “oh I shouldn’t have taken that trade because there was some support level there from a month ago.” Often there isn’t a reason for a losing or winning trade other than the randomness of the markets. There doesn’t have to be a reason for every time you lost a trade. No strategy is perfect, you just want it to make money in the long run. +https://web3isgoinggreat.com/single/2022-02-23-1 + +>Sacramento Kings player De'Aaron Fox announced his "SwipaTheFox" NFT project in mid-December, and the "high utility NFT collection" went live on January 15. The project roadmap promised a metaverse basketball court, a scholarship to a University of Kentucky student, and chances to win all-star gaming tickets, as well as "much more to come". The project had over 100,000 people in its Discord, and pulled in about 475 ETH (about $1.5 million at the time). + +>Suddenly, on February 23, the project deleted its social media accounts and most of its Discord. Fox wrote in the remaining Discord announcements channel that "The time and attention that y’all deserve and that I wanted to give you all/what this project requires, was not known to me and I overstepped and stretched myself too thin, trying to do this project in the middle of an NBA season." He promised to send anyone who bought more than five NFTs (which would have cost ~0.4 ETH, around $1,300, if bought at mint price) a signed jersey (thanks I guess!). Meanwhile, Fox made no apparent effort to communicate publicly that the project was shutting down, such as on his personal 288,000-follower Twitter account where he had previously been hyping the project. + +His response: + +>I want to address an NFT project we launched recently. The project launch was ill timed. I delegated certain aspects to the launch of the NFT in an attempt to partner with professionals. We weren’t happy with the execution & demand on my time and attention during the NBA season. + +>This project is about a brand that will continue to grow, but I have obligations that I must fulfill to the Sacramento Kings and their loyal fan base. They deserve all of my attention. + +>As I stated previously, I look forward to doing this again the right way and adding value to my NFT holders. I’m excited to learn from the entire NFT community as well. The project will be updated at the conclusion of the NBA season. + + +Link to his stats and salary: +https://www.basketball-reference.com/players/f/foxde01.html + +He averages 1.34 steals per game. + +Twitter thread by The Sporting News + +>https://twitter.com/sportingnews/status/1497204694208454657 + +>Many investors felt the project was safe because of De’Aaron Fox’s status. They felt it was unlikely someone with a $163M NBA contract would walk away from the NFT project with a few million. + + + +https://www.sportingnews.com/us/nba/news/de-aaron-fox-nft-project-investors/qq4wlbclbzf6p0ey0qobud0e + +NFT holder on De'Aaron Fox: + + +>"I would just like him to know that he’s a crook, true and true," Loaded Lion said. "I've never seen someone act so despicably. To lie about giving away scholarships, diverting all funds, taking funds away from people who are way poorer than him. It’s really low." +I may just be an idiot but noone has ever clarified for me but. When people say "I make 80k" do they mean 80k+ super or including super? Cause there's a 10% difference if you're using different terms +Todays release of the RBA meeting minutes from May, in my view, confirms that we will see a rate hike of 40 basis points in June. + +Taking the RBA cash rate target to 0.75%. +I’ve never seen so many people steadfast in the opinion that once rates start rising next year, that most financial markets are going to tank. The market as a whole appears to be ‘expecting’ it. +For people who were investing from 2001-07, was the public discourse like this back then as well? +Surely the majority can’t be right here? +A few sources have recommended Fidelity’s no cost index funds to me recently. I’m transitioning out of my Robo-Advisor (not great gains compared to indexes) and wanted to buy etfs/mutual funds instead. + +The recommended funds were: +- FNILX (S&P500) +- FZROX (Total Market) +- FZILX (International Market) +- FZIPX (Small+Mid Cap) + +The funds seems to be doing well-enough, and the first one is pretty much exactly tracking the S&P. + +Is there a risk I’m missing for them being no cost? Any insight is greatly appreciated, thanks! + It is always a good time to buy (the real Bitcoin, not Bcash), we are NOT in a "bubble" (fiat is *the* [real bubble](https://gyazo.com/1fffc0e0f0e63985b5939bd835afbbf9)), the answer is: Buy now, always [Hodl](https://i.redd.it/fvh3ibzxz8kz.jpg + ) in [FUD times](https://99bitcoins.com/bitcoinobituaries/) + (Bitcoin has ["died"](https://i.redd.it/hfahmbnhm8mz.gif) many times, but [Moneybadger](https://media.giphy.com/media/gRiIzaIEx2NOw/giphy.gif) don't care, [buy the dips](https://i.redd.it/rzshmoa2iokz.png) and **never panic-sell**, stuff like: ["China/Korea ban Bitcoin...again!"](https://www.youtube.com/watch?v=i8L5Lk98Ky0) will [keep happening](https://i.redd.it/hhemw5893ilz.png) again and [again](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iayWDRdea2ew/v1/800x-1.png). +> + > Stick to the [real Bitcoin](https://pbs.twimg.com/media/DMRkGFIWsAE7pZy.jpg:orig) through all the ['forks' and 'splits'](https://gyazo.com/487f5bd0d4ae9bd0963e0a9f311b760f) that accomplish nothing but new mediocre, unsafe and centralized altcoins, [strengthen/immunize](https://imgur.com/S5sbb1l) Bitcoin and give you free altcoins to buy more Bitcoin. +> + > All [Central Powers look silly](https://i.redd.it/1ui0rr23hplz.jpg) trying to [control](https://imgur.com/xmVLuaP) or [ban](https://gyazo.com/a8102e7524bc7132764042546644af3c) it. Learn from [history](https://pbs.twimg.com/media/DJ6YHrPXcAAGhA1.jpg:large) and listen to this [absolute Boss](https://www.youtube.com/watch?v=kPYUNN7QkPY). There will never be enough Bitcoin for every existing millionaire to own just ONE SINGLE BITCOIN, [Total number of millionaires (in USD value) worldwide is around 33 million](https://www.cnbc.com/2016/11/22/12-million-new-millionaires-will-be-minted-over-the-next-five-years.html). BTC is the [best money](https://gyazo.com/2215921efdb65878961c15a5b5107fc4). + > + > Also relax, you are actually an [early adopter](https://gyazo.com/17686a64065799190aeda3aa7e42f59e), BTC is still [relatively small](https://i.redd.it/uq0t95ivxyyz.jpg), [mentally prepare](https://imgur.com/KuflBtk) yourself for healthy and expected market volatility/dips/corrections/"crashes" (check out this amazing ['Corrections Trends Perspective'](https://gyazo.com/55239b2aefbac8fb150fde557aaf4085)) and remember all this: +> > + > > **Follow this basic rules of Bitcoin**: + +>>* Never try to time the market. [Dollar cost average](http://www.investopedia.com/terms/d/dollarcostaveraging.asp) by buying what you can afford to lose every week. + +>>* Once Bitcoin in wallet--->[HODL!](https://i.redd.it/fvh3ibzxz8kz.jpg) (never [panic-sell](https://youtu.be/g1HzU_gHSDI?t=181)), if the price goes down, buy the dips and always [zoom-out](https://i.redd.it/f8i5lyl70k201.jpg). + +>>* Never [short Bitcoin](https://imgur.com/j7MZuMZ). + +>> It is always a good time to buy Bitcoin if you are [hodling long term](https://i.redd.it/pc1exi5dd0ez.jpg) and not just for [day trading](https://i.redd.it/vis4nvsd3flz.jpg), so this is a great [strategy](https://imgur.com/PJDf2tp). Remember that Bitcoin has practically been up most of the time, [and the road to the moon is paved with minor corrections](https://i.redd.it/kfgi0cdkt36z.png) (Bitcoin is never really "down" when you zoom-out). + + > > Everybody parroting: "The bitcoin [bubble](https://i.imgflip.com/20n516.jpg) is about to [pop](https://gyazo.com/6c94cc536a2238b14882e5b9bcdc4491" since 2009, don't know that bitcoin is a decentralized system with mathematically fixed, deflationary and limited supply currency and its growth is [exponential](https://en.wikipedia.org/wiki/Exponential_growth), not linear. + +>>When they bring up the "2000 Dotcom Bubble collapse", tell them: [I hope so!](https://imgur.com/e1xfX0s) Look at [these past](https://i.redd.it/orcmcryegp101.png) decentralized/[disruptive](https://gyazo.com/982cf568df87f70f5b450a16086a11af) tech [adoption "bubbles"](https://i.redd.it/64va4y5d9u001.png). [Hyperbitcoinization](http://nakamotoinstitute.org/mempool/hyperbitcoinization/#selection-7.6-7.26) is coming. +> +> + > > So is not farfetched to say that it will be at 100,000 by 2020, since it came from less than $1 to $5,000 in less than 10 years, and it hasn't even hit the bottom part of the exponential ['S-Curve' of adoption] + > > (https://imgur.com/a/3UA7s#uX6xPGM). + > > Check out this great 2017 MIT study: ["The Cryptocurrency Market Is Growing Exponentially"](https://www.technologyreview.com/s/607947/the-cryptocurrency-market-is-growing-exponentially/). Patience [pays](https://i.redd.it/d5dgq77xdolz.jpg), don't listen to most ["Expert Analysts"] (https://i.redd.it/tklsw2fouqlz.jpg) or [MSM"](https://i.imgur.com/ihoRfhm.jpg). + + > > Bitcoin is a [Moneybadger](https://i.redd.it/1d6avnrdt0ez.jpg) that get's stronger and immunized with [every new attack](https://i.redd.it/gumb0i0lyctz.jpg) +> and this [broad picture of its price since infancy](https://i.redd.it/r8q26ebtaxiz.png) (1 year candles on a logarithmic scale) shows Bitcoin growth is not a "bubble" but it's [exponential](https://i.redd.it/wtmigx7ny6tz.png) (bigger "bubbles" every time), this old [logarithmic scale](https://gyazo.com/8f6ba83e67c9abf02f8570ba17195b3a) has been accurate [so far](https://imgur.com/a/xF89b#kRXoK6G), as well as analysts like Wall Street strategist [Tom Lee](https://www.cnbc.com/video/2017/09/14/tom-lee-heres-why-bitcoin-will-hit-25000.html) by using [Metcalfe's Law](https://i.redd.it/k2u7ft74y1001.jpg): "The value of a telecommunications network is proportional to the square of the number of connected users of the system (n2)" [wiki-link] (https://en.wikipedia.org/wiki/Metcalfe%27s_law). He explains it clearer [here](https://www.youtube.com/watch?v=J-Vjgx75GXQ). + +>>Learn the difference between [Inflation (dollar)](https://gyazo.com/75e70c1ababfc9d833265082f640339e) and [Deflation (Bitcoin)](https://imgur.com/uA5r9U6) and just take a look at the fiat >20 trillion (and growing fast) [debt clock](http://www.usdebtclock.org/) to get a visual shock of unlimited fiat supply (vs limited Bitcoin/Gold supply). BTC is [secured by the laws of the Universe](https://miguelmoreno.net/wp-content/uploads/2013/05/fYFBsqp.jpg). + + > > [Bitcoin has outperformed every other currency, commodity, stock and asset since its inception in 2009](https://gyazo.com/25c7d50f437dccb6d37c9622275e56e5). Bitcoin, the [Moneybadger](https://imgur.com/a/6XHUD#C3Pe5MD), is the first unseizable store of value in human history, unlike gold, equities, or fiat, it can't be confiscated if stored correctly. How banks think [blockchain will disrupt their industry](https://imgur.com/drBgEe4). Check out these Bitcoin [Economy](https://i.redd.it/jbqzuvawt1tz.jpg) and Bitcoin [Transaction](https://i.polygos.com/ae21001a98a4267e9b78625db6722dab.jpg) infographics. +> > +> >--- + > > Also, remember its [fixed, limited supply of 21 million coins ever,](https://thebitcoinhustler.files.wordpress.com/2017/07/11.jpg) there are just ~4.5 million (~20%) bitcoins left to be mined till 2140 and the production will keep decreasing ("halving") every [4 years till then]( http://www.bitcoinblockhalf.com/). So, remember [this](https://i.redd.it/j327zs6kyg9z.png) and [don't wait for the Bitcoin "bubble" to burst](https://gyazo.com/70a944e267f64214a5be405833e232a5) or for the price to drop significantly again, because you could be waiting forever: + > > > ***[“The best time to buy bitcoin was in 2009...”](https://i.imgflip.com/1zj9lm.jpg)*.** + + > > > Don't be ----> [this guy](https://imgflip.com/i/1hlmpp) + + + + --- + + +Edit: Stay away from fake "Bitcoin" stuff like r/"btc", "Bitcoin".com (Bitcoin.org is the legit site), Bcash ("Bitcoin" Cash/BCH), "Bitcoin" Gold, etc. + It is always a good time to buy (the real Bitcoin, not Bcash), we are NOT in a "bubble" (fiat is *the* [real bubble](https://gyazo.com/1fffc0e0f0e63985b5939bd835afbbf9)), the answer is: Buy now, always [Hodl](https://i.redd.it/fvh3ibzxz8kz.jpg + ) in [FUD times](https://99bitcoins.com/bitcoinobituaries/) + (Bitcoin has ["died"](https://i.redd.it/hfahmbnhm8mz.gif) many times, but [Moneybadger](https://media.giphy.com/media/gRiIzaIEx2NOw/giphy.gif) don't care, [buy the dips](https://i.redd.it/rzshmoa2iokz.png) and **never panic-sell**, stuff like: ["China/Korea ban Bitcoin...again!"](https://www.youtube.com/watch?v=i8L5Lk98Ky0) will [keep happening](https://i.redd.it/hhemw5893ilz.png) again and [again](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iayWDRdea2ew/v1/800x-1.png). +> + > Stick to the [real Bitcoin](https://pbs.twimg.com/media/DMRkGFIWsAE7pZy.jpg:orig) through all the ['forks' and 'splits'](https://gyazo.com/487f5bd0d4ae9bd0963e0a9f311b760f) that accomplish nothing but new mediocre, unsafe and centralized altcoins, [strengthen/immunize](https://imgur.com/S5sbb1l) Bitcoin and give you free altcoins to buy more Bitcoin. +> + > All [Central Powers look silly](https://i.redd.it/1ui0rr23hplz.jpg) trying to [control](https://imgur.com/xmVLuaP) or [ban](https://gyazo.com/a8102e7524bc7132764042546644af3c) it. Learn from [history](https://pbs.twimg.com/media/DJ6YHrPXcAAGhA1.jpg:large) and listen to this [absolute Boss](https://www.youtube.com/watch?v=kPYUNN7QkPY). There will never be enough Bitcoin for every existing millionaire to own just ONE SINGLE BITCOIN, [Total number of millionaires (in USD value) worldwide is around 33 million](https://www.cnbc.com/2016/11/22/12-million-new-millionaires-will-be-minted-over-the-next-five-years.html). BTC is the [best money](https://gyazo.com/2215921efdb65878961c15a5b5107fc4). + > + > Also relax, you are actually an [early adopter](https://gyazo.com/17686a64065799190aeda3aa7e42f59e), BTC is still [relatively small](https://i.redd.it/uq0t95ivxyyz.jpg), [mentally prepare](https://imgur.com/KuflBtk) yourself for healthy and expected market volatility/dips/corrections/"crashes" (check out this amazing ['Corrections Trends Perspective'](https://gyazo.com/55239b2aefbac8fb150fde557aaf4085)) and remember all this: +> > + > > **Follow this basic rules of Bitcoin**: + +>>* Never try to time the market. [Dollar cost average](http://www.investopedia.com/terms/d/dollarcostaveraging.asp) by buying what you can afford to lose every week. + +>>* Once Bitcoin in wallet--->[HODL!](https://i.redd.it/fvh3ibzxz8kz.jpg) (never [panic-sell](https://youtu.be/g1HzU_gHSDI?t=181)), if the price goes down, buy the dips and always [zoom-out](https://i.redd.it/f8i5lyl70k201.jpg). + +>>* Never [short Bitcoin](https://imgur.com/j7MZuMZ). + +>> It is always a good time to buy Bitcoin if you are [hodling long term](https://i.redd.it/pc1exi5dd0ez.jpg) and not just for [day trading](https://i.redd.it/vis4nvsd3flz.jpg), so this is a great [strategy](https://imgur.com/PJDf2tp). Remember that Bitcoin has practically been up most of the time, [and the road to the moon is paved with minor corrections](https://i.redd.it/kfgi0cdkt36z.png) (Bitcoin is never really "down" when you zoom-out). + + > > Everybody parroting: "The bitcoin [bubble](https://i.imgflip.com/20n516.jpg) is about to [pop](https://gyazo.com/6c94cc536a2238b14882e5b9bcdc4491" since 2009, don't know that bitcoin is a decentralized system with mathematically fixed, deflationary and limited supply currency and its growth is [exponential](https://en.wikipedia.org/wiki/Exponential_growth), not linear. + +>>When they bring up the "2000 Dotcom Bubble collapse", tell them: [I hope so!](https://imgur.com/e1xfX0s) Look at [these past](https://i.redd.it/orcmcryegp101.png) decentralized/[disruptive](https://gyazo.com/982cf568df87f70f5b450a16086a11af) tech [adoption "bubbles"](https://i.redd.it/64va4y5d9u001.png). [Hyperbitcoinization](http://nakamotoinstitute.org/mempool/hyperbitcoinization/#selection-7.6-7.26) is coming. +> +> + > > So is not farfetched to say that it will be at 100,000 by 2020, since it came from less than $1 to $5,000 in less than 10 years, and it hasn't even hit the bottom part of the exponential ['S-Curve' of adoption] + > > (https://imgur.com/a/3UA7s#uX6xPGM). + > > Check out this great 2017 MIT study: ["The Cryptocurrency Market Is Growing Exponentially"](https://www.technologyreview.com/s/607947/the-cryptocurrency-market-is-growing-exponentially/). Patience [pays](https://i.redd.it/d5dgq77xdolz.jpg), don't listen to most ["Expert Analysts"] (https://i.redd.it/tklsw2fouqlz.jpg) or [MSM"](https://i.imgur.com/ihoRfhm.jpg). + + > > Bitcoin is a [Moneybadger](https://i.redd.it/1d6avnrdt0ez.jpg) that get's stronger and immunized with [every new attack](https://i.redd.it/gumb0i0lyctz.jpg) +> and this [broad picture of its price since infancy](https://i.redd.it/r8q26ebtaxiz.png) (1 year candles on a logarithmic scale) shows Bitcoin growth is not a "bubble" but it's [exponential](https://i.redd.it/wtmigx7ny6tz.png) (bigger "bubbles" every time), this old [logarithmic scale](https://gyazo.com/8f6ba83e67c9abf02f8570ba17195b3a) has been accurate [so far](https://imgur.com/a/xF89b#kRXoK6G), as well as analysts like Wall Street strategist [Tom Lee](https://www.cnbc.com/video/2017/09/14/tom-lee-heres-why-bitcoin-will-hit-25000.html) by using [Metcalfe's Law](https://i.redd.it/k2u7ft74y1001.jpg): "The value of a telecommunications network is proportional to the square of the number of connected users of the system (n2)" [wiki-link] (https://en.wikipedia.org/wiki/Metcalfe%27s_law). He explains it clearer [here](https://www.youtube.com/watch?v=J-Vjgx75GXQ). + +>>Learn the difference between [Inflation (dollar)](https://gyazo.com/75e70c1ababfc9d833265082f640339e) and [Deflation (Bitcoin)](https://imgur.com/uA5r9U6) and just take a look at the fiat >20 trillion (and growing fast) [debt clock](http://www.usdebtclock.org/) to get a visual shock of unlimited fiat supply (vs limited Bitcoin/Gold supply). BTC is [secured by the laws of the Universe](https://miguelmoreno.net/wp-content/uploads/2013/05/fYFBsqp.jpg). + + > > [Bitcoin has outperformed every other currency, commodity, stock and asset since its inception in 2009](https://gyazo.com/25c7d50f437dccb6d37c9622275e56e5). Bitcoin, the [Moneybadger](https://imgur.com/a/6XHUD#C3Pe5MD), is the first unseizable store of value in human history, unlike gold, equities, or fiat, it can't be confiscated if stored correctly. How banks think [blockchain will disrupt their industry](https://imgur.com/drBgEe4). Check out these Bitcoin [Economy](https://i.redd.it/jbqzuvawt1tz.jpg) and Bitcoin [Transaction](https://i.polygos.com/ae21001a98a4267e9b78625db6722dab.jpg) infographics. +> > +> >--- + > > Also, remember its [fixed, limited supply of 21 million coins ever,](https://thebitcoinhustler.files.wordpress.com/2017/07/11.jpg) there are just ~4.5 million (~20%) bitcoins left to be mined till 2140 and the production will keep decreasing ("halving") every [4 years till then]( http://www.bitcoinblockhalf.com/). So, remember [this](https://i.redd.it/j327zs6kyg9z.png) and [don't wait for the Bitcoin "bubble" to burst](https://gyazo.com/70a944e267f64214a5be405833e232a5) or for the price to drop significantly again, because you could be waiting forever: + > > > ***[“The best time to buy bitcoin was in 2009...”](https://i.imgflip.com/1zj9lm.jpg)*.** + + > > > Don't be ----> [this guy](https://imgflip.com/i/1hlmpp) + + + + --- + + +Edit: Stay away from fake "Bitcoin" stuff like r/"btc", "Bitcoin".com (Bitcoin.org is the legit site), Bcash ("Bitcoin" Cash/BCH), "Bitcoin" Gold, etc. +**Foreword**: + +This post is an expansion of my theory on what the financial media is doing, as recommended by another user [here](https://old.reddit.com/r/Superstonk/comments/o2bi28/to_me_this_was_the_best_part_of_the_whole_melissa/h26vzct/). + +&#x200B; + +[TL;DR for what comes below](https://preview.redd.it/6djz40h191671.png?width=850&format=png&auto=webp&s=b33e6c27459e3be8b91fad98c3ca344471985dae) + +&#x200B; + +**Overview**: + +Citadel created a gigantic, steaming pile of dung in the middle of the lobby. Now everyone is dealing with it. The question is, how to most of the various parties get what we/they want with minimum collateral? + +&#x200B; + +**The Problem:** + +The market was going to crash. COVID and QE gave a nice, bundled calamity reasonable enough to blame for the crash. What everyone didn't count on was Citadel et al committing massive fraud; then getting caught with their pants around their ankle and exposing everyone to the blowback from it. Now we have hundreds of millions-to-billions of counterfeit shares that need to be rectified; pissed off retail investors watching the financial sector and combing through everything; and foreign entities concerned with the stability of the US markets and USD. + +&#x200B; + +**Key Players:** + +You need to understand who is involved and what their goals are in order to understand the decisions they will make and where the road will travel. + +1. **Citadel and other Short Hedge Funds (SHFs)** \- The guys that caused all this. They want to survive, but that's unlikely. +2. **Retail Investors** \- financially wronged by SHFs. Want Citadel to crumble; nice payout; see GME succeed. *Edit: Some also want complete financial reform; or destruction of all financial institutions; or all financial criminals to go to jail; but that's counter to the desires and goals of the other parties and is a post-MOASS continued discourse.* +3. **Financial Media** \- was funded by Citadel et al. Wants to survive; keep control of market. +4. **Financial Cartel** \- vexed by SHF actions with GME and T-Bills. Want to survive oncoming liquidity crisis; keep relevance in market. +5. **US Government** \- trying to maintain financial stability. Need to balance domestic programs with foreign influence. Trying to counter Chinese Belt and Road. +6. **Foreign Entities** \- concerned with US financial stability/corruption. Risk of moving from US investments to Chinese investments. +7. **Bystander Investors** \- generally unaware of events. Need confidence in financial stability. + +&#x200B; + +**Common Themes:** + +1. Survival +2. Market Stability +3. Foreign financial investments + +&#x200B; + +**Potential Outcomes:** + +There are a couple potential outcomes. + +&#x200B; + +The DTCC or US Government could step in and halt or otherwise price-fix trading on GME. This would obliterate foreign confidence in the system and undermine the US' financial leverage on influencing foreign policy. In other words: *Bad for the US Government and bad for the financial cartel.* + +&#x200B; + +The financial cartel could let Citadel's implosion and the GME fallout run unabated. This is almost certain to expose the corruption of all of the financial cartel, *which would have the same effect as the previous measure.* + +&#x200B; + +However, I believe that the financial cartel and US Government have already embarked on an effort to control the narrative to minimize the fallout of the Citadel implosion without undermining the confidence of the financial market and US foreign influence (whether intentional or otherwise). It works like this: + +&#x200B; + +1. Hint at market fuckery. ✅ +2. Control the narrative. ✅ +3. Pepper "Citadel" and "retail"/"reddit" into the narrative. ✅ +4. Lead narrative to "lone wolf" aggressor theory (Citadel). +5. Avoid mentioning GME; redirect to less explosive stocks. ✅ +6. Keep focus on Citadel during implosion; not on financial cartel. +7. Once implosion starts, then associate GME. +8. Associate market crash with Citadel "lone wolf" cancerous behavior. +9. After Citadel is insolvent, carve up and feast by financial cartel. +10. Close out the shorts to make the muckrakers go away. +11. Tout about how retail investors defeated the "lone wolf". +12. Show all of the previously passed self-imposed policies. +13. US Government takes cut (25%-39.6%) of Sched D profit to infrastructure programs. +14. US/financial cartel avoids loss of faith in economy by world. +15. Retail investors spending accelerates economic rebound. + +&#x200B; + +**1. Hint at Market Fuckery:** ✅ + +We see this now. CNBC, NYSE, SEC identifying PFOF and dark pools as problem areas. This braces the various parties to expect it to grow to be a larger story. You don't just go "here's a ton of evidence of market fraud!" you need to drip-feed it to people to prevent rejection of the system. + +**2. Control the Narrative:** ✅ + +The financial media absolutely wants the story to release as little as possible to keep viewers hooked. The financial cartel and US government want the blows to be soft enough to not shake confidence too much; as well as to mask all areas impacted by the necrosis. + +**3. Pepper Associative Words into Narrative:** ✅ + +Start adding Citadel and Retail Investors/Reddit into the mix. We're seeing this as well. You want people to get familiar with the names and associate them with the upcoming events. Building that groundwork to make easier connections with less digging and potential to expose the truth. + +**4. Lead narrative to "lone wolf" portrayal:** + +This is where I think they are going. Citadel absolutely will be the sacrificial lamb. It's the easiest play to satisfy most retail investors, regulators, and the public at large. Plus it serves to mask the necrosis and instill confidence in the US financial sector and US stock market. + +**5. Avoid mentioning GME:** ✅ + +You will see this through the previous points; and indeed we are. GME is the problem that Citadel created; it will be its own liquidity hole. No need for more financial bystanders to decide that they want to also make a quick buck off of the situation. Mention other stocks instead; preferably ones that will still provide some payout but will not break the bank. The insurance policy is going to be unpleasant as it is. + +**6. During implosion, keep focus on Citadel:** + +This is the narrative: Citadel is imploding. Any market waves is "because of Citadel". This is the easy part; everyone's going to be watching with popcorn and bananas. + +**7. Once the implosion starts, then GME is okay to discuss:** + +The problem is the shorts. Once Citadel implodes, the shorting stops and the stock impossible to buy. At that point, it's okay to talk about GME because the FOMO crowd is too late. This will be the groundwork for number 11. + +**8. Associate market crash with Citadel:** + +The market is going to crash. There's no doubt about it. It will likely cause Citadel to finally take its last breath and then trigger the GME MOASS. But people don't really pay attention; it will be easy to blame the crash on Citadel and their "lone wolf" behavior. + +**9. Carve up Citadel:** + +This is the part that the financial cartel is salivating over. Also raises the capital to resolve the counterfeit shares. The other financial behemoths will carve up pieces of Citadel's empire for themselves and auction it off. One of the new rules (can't remember if DTCC or NSCC) allows inviting of certain parties, which means Blackrock also has a seat at the table to feast. + +**10. Close out the shorts:** + +A convenient fall-guy (Citadel) has fallen. Now the financial cartel will pay off the folks that keep muckracking out of spite - in other words, they buy back the shares. Anything else, to include trying to price-fix will result in loss of confidence in the US market by the entire world. But hey, that money will come back to them in bailouts, so they are just miffed more than anything. They will probably sandbag this a little to try and get retail to deflate their sell prices a bit to try and deflate the infinity squeeze. This point is an assumption that, even with people holding out of spite, that enough will sell to balance out the books. + +**11. Tout about David and Goliath:** + +Expect a million stories on how GME redditors defeated the lone wolf Citadel and saved the US economy. Hooray! Yeah, we know this is mostly bullshit; but when the alternative is China ruling everything then everyone else is likely to go along with it. + +**12. "Don't regulate me, bro":** + +Remember all those rules the DTCC et al were churning out to prevent another GME-type retail win? Yeah, they're going to tote those rules at this point to avoid regulation and add credence to the lone wolf story. They'll probably be successful too. + +**13. Uncle Sam's Cut:** + +Apes will pay their cut. For all the US apes, it's likely to be somewhere between 25% and 39.6% to the US government (not even considering state taxes). This means that a lot of the financial sector's funds are now freed up to be used for the POTUS' infrastructure programs. + +**14. Financial Cartel Rebounds:** + +Redditors are going to be salty about this, but the truth is that the US will not let these "too big to fail" financial companies fail. In fact, they're going to consolidate power and continue on to the next market crash down the road. Everyone will forget their role in all this, save the half-a-million redditors. Better than the US economy collapsing for most Americans and China ruling the world. + +**15. Retail investors spending accelerates economic rebound:** + +Overall, ape spending will help stimulate the economy and rebound us out of the oncoming recession. However, it will also temporarily disrupt some luxury markets (especially Lamborghini). + +&#x200B; + +***Edit: What about the apes aiming for financial reform/actual accountability:*** + +*Unfortunately, I think that this will be a longer struggle for the folks seeking reform. I imagine that there will be some that won't sell out of principle; those that found financial reform orgs; and apes that continue to strive for better markets. At the end of the day the US government is going to do what it takes to maintain the appearance of financial stability. In this regard, expect a lot of pushback post-MOASS and a rebalance of the Superstonk makeup (those in it for the money/liberation of Gamestop will see somewhat of an exodus; the "financial reform" group will likely flock to this cause).* + +&#x200B; + +*Personally, I like the stock and I like Gamestop. Once this rocket takes off, I'm going to be the King Retard of Mars and enjoy my retirement while supporting my local Gamestop.* + +&#x200B; + +**Conclusion:** + +While the key parties have plenty of room to be absolute dumb asses and hang themselves with the situation at hand, I believe that they will pursue the path I've outlined as it's the least destructive to the financial market and US influence on world economics. With a little finesse, the financial cartel and US Government could turn the situation into an economic win in some capacity. +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! + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Asking for a friend with her approval\* + +I have a friend who has this habit of impulsively buying stuff for a hobby only to forget about it after a while and then she finds a new one she can fixate on. + +A few months ago she got interested in baking and bought a bunch of baking items. After a couple of weeks, she got bored with it and now all the items are collecting dust. I've been helping her list the items down for re-selling or donating. + +Recently I've been encouraging her to come to the gym with me or do free activities like running in the park, to get her preoccupied. I figured it's cheap and beneficial to her health. All was well until she started buying a lot of fitness stuff too! New gym leggings or tops (she already has a lot), resistance bands, protein shakers, training gloves, foams, and honestly a lot of items that are so useless (thanks, Instagram fitfluencers). + +She might have ADHD but she's still on the waiting list for a formal assessment with a mental health professional. It's been 6 months now but she was told it might take up to a year, so was wondering if there's anything she can do for the time being. + +Edit: Hi all, I just want to clarify that I'm not trying to control my friend's behaviour. She's the one asking me to help her out but I don't know how that's why I'm asking here for some suggestions. +Me (M42) single. Originally from South East Europe. Have one house in UK and two houses back home. House in UK is on mortgage and should be paid in full in the next 5-7 years depending. The other two own outright through inheritance. +Future plan is to work until 55 max and then go back home for good. Got two kids who by then will be in their mid 20s. +To give them a good start in life thinking either selling the UK house to them for a nominal house of £1 or giving it to them as a gift (I am aware of the 7 year rule hence prefer selling). As I have no second home in UK I don't think selling will attract CGT but not sure if houses I own back home will be taken into account. Am I missing anything? Thanks for any suggestions. +I'm thinking of things like cleaning services, gardeners, etc. to the more extreme end like Hello Alfred, using TaskRabbit for all the things, and so on. + +Are there any subreddits dedicated to solving this sort of problem? +Tune in: April 7, 2021 @ 9:00 (10AM Eastern) + +https://www.businessofcannabis.ca/2021/04/06/how-high-tide-is-thinking-about-growth-in-canada-and-beyond/ + +> BofC Live, we connect Raj Grover, CEO of High Tide. High Tide is one of the largest cannabis retailers in Canada, with 80 stores currently in operation and an aggressive growth strategy in the works. We wanted to connect with Grover to talk about this company, recent acquisitions, growth strategy and possible expansion into the United States. + +However, good news for HITIF means stock dropping so be prepared. +Just had my offer accepted on my first directly owned investment property: a duplex in a solid and prosperous sub market of Philadelphia. + +That’s great! + +The bad news I am just learning — to my surprise, after tons of podcasts and books and more than 400 units as a limited partner — is that financing for my new LLC is on much worse terms than for myself. + +5.0 30 year fixed +vs +7/1 ARM at 6.375 + +PSA for anyone else in my position who did not realize the obvious truth that LLCs require commercial financing. It’s worth it to me to limit liability and protect my liquid assets (worth 5x the value of the property) but dang it hurts. +I’m a first time home buyer looking for a home in Chicago. For a variety of reasons, we haven’t been able to find a home that we would want to live in for several years. We have, however, found a nice ish 3/2 condo in a hot neighborhood (wicker park) for around 500K. Based on comps, I think this unit would rent for around $3,300. Monthly costs, including HOA, would be around $2,950. Would it be a terrible idea to buy this place as a short term (1-2 year) home while we look for something that we would like for longer term? Then when we move out we convert this temp home into a rental. I figure by then it would cash flow us around $450 a month before vacancy (popular neighborhood so this should too bad), maintenance (unit is in decent condition. We would need to replace the bathroom in a couple years, though. We are budgeting around 1% of total home value so 5K a year), and capex (mostly shoddily be taken care of by the HOA). Given those calculations and basic growth assumptions like 2% rent and home value increase, I calculate we would have about a 10% annual ROI when we move out. Is it really this easy if you take advantage of primary residence mortgages? +For the sake of consistency i'd like to find an ideal paint i could for my multi family properties, these are C/B properties so i'd like to see what shades everyone uses. Some points i'd like to have below. + +Neutral color something white-ish but not the bland white. (there are 100's of whites) + +Eggshell seems to be the best finish as it hides any imperfections + +Something that can be painted both the walls and ceilings, this cuts down immensely on ceiling trim time and expense. + +Brand recommendations? I was always a fan a Glidden Diamond, but since PPG bought them their comparable paint isn't that great. I've been looking into Sherwin Williams lines. + +Something that can cover well in one coat, (i realize no paint does this if you'r going over something dark of course) + +Cost- trying to keep it between $90-$140 for 5 gallons. + +&#x200B; + +Let me know your thoughts inputs and color recommendations! +Anyone who has spent much time in the sub knows of my disdain for realtors. I get it...one out of one hundred of you may actually have a bit of common sense and one out of a thousand may actually know a bit about real estate investing. You are the exception and I respect you for that. However I'm going to share the latest in a long history and significant sample size of the "real estate professionals" it has been my displeasure to deal with. + +At the end of 2017 I decided to sell a property I had a lease option on. A contract for option to be exact. I notified the Trustee of my intent to execute a purchase of the home and began marketing it for sale. Now I really didn't want to sell it but with the market nearing the top I figured why not see if it would sell. + +**Important Notes:** In Florida if your Option Consideration is a certain percentage of the option price and you make the lease payment for a minimum of 12 months this gives you an interest in the property as such that a foreclosure is necessary to get you out as opposed to an eviction. + +In this instance my option consideration of $5,000 met the first criteria and I had rented this property out for over twelve months which gave me an equitable interest in the property. + +**Story Continuation** + +I do a flat fee listing with a broker I know and handle all of the calls. I offer a 4% commission on sale of the home. One agent makes an offer roughly $5,000 less than another offer we have and I ignore his email. + +24-hours go by and he texts me complaining that the Seller hasn't countered. I reply, "Not interested." + +His reply, "Well that is a top of the market offer." I mention that he may want to do a bit more research as to his market as we have an offer that is higher. + +24-hours go by and the agent increases his offer. Now I wasn't going to go with the offer that I referenced because they wanted a bunch of contingencies which we were not going to agree to. This house was more of a rent ready home than a retail ready home and as mentioned I was only listing it on the chance that someone offered to buy as is. + +So we tell the "top of market agent" we'll go under contract with you but understand that the sale is as-is. We aren't updating or changing anything. The agent acknowledges he understands and I have the Trustee sign the contract. + +The agent then sends me an email that says, I kid you not, "I got this Buyer as a lead from USAA and I have to pay a percentage of my commission as a fee to them. Can you change the 4% fee structure to a 3% plus a 1% bonus so I don't have to pay them the full fee? + +Now I've already decided this realtor is a Dbag. However now he is asking me to assist him in defrauding his lead source? I politely decline. + +All of a sudden the agent emails me, "You aren't the owner, you can't sell the property, I want to talk to the owner." I explain to the agent that I have an equitable interest in the property, does he not understand what that means? "I want to speak to the owner. I can't speak to you, you aren't a licensed agent." Facepalm. + +Luckily the Trustee is a friend of mine and, while not nearly as anti-realtor as I am, he doesn't enjoy having to deal with them. He agrees to talk to the realtor. He emails me about a day later and shares that not only did he have to explain to the realtor what a Trustee was and that as Trustee he was the Owner of Title. He also had to explain I had a legal interest in the property that allowed me to sell it and that the Realtor asked him to change the commission structure. + +It gets better. I get an email from my friend the Broker who listed this property for me asking if I approved a change to the commission structure. Apparently our friend the realtor emailed him asking for a change in the commission structure in attempt to circumvent us saying no. + +Eventually the Buyer has the property inspected and comes back with a list of items they want fixed/updated. I say, "No thank you. This is an as-is sale." The realtor asks for an extension of the contract as it is now at the end of the due diligence period. We say no. Realtor gets butt hurt and writes us a snarky email. We thank him for his expertise and wish him well. + +The end...just kidding! + +So that all took place at the end of 2017 in December. I end up executing the option and officially purchasing the home in Spring. In March of this year I receive an official package from the DBPR which is the Florida Department of Business and Professional Regulation. This clown, who was attempting to defraud his lead source, reported me for being an unlicensed real estate agent. + +While he supplied the DBPR with communications between us he did not supply all of the communications which of course left out him attempting to defraud his lead source, left out where both the Trustee and I notified him of my equitable interest in the property and all of the other basic information that conclusively proved my ability to sell the property. + +So I had to take the time to scan a fair amount of legal documents, pay my attorney to write the DBPR a nice letter showing my position and, in the end, I was exonerated because, well, I know what the heck I'm doing. Unlike some real estate "professional" who has been in the business for ten years. This is what happens when the qualifications to be a nail tech are greater than that to get your real estate license. + +I only mention this story because I'm finally getting around to filing an official complaint with this clown. Typically I'm fairly laid back and would just let this go but what I was accused of doing is a felony in our state and this jerk could have had a severely negative impact on my life because of his lack of basic real estate knowledge. + +An important takeaway from this kids (Apart from the fact that 99% of realtors don't know jack about real estate investing): The extreme importance of understanding the law in your state and making certain your paperwork is on point. + + +I have been going back and forth on this. + +The initial expense is reasonable. After application, course work, testing, and licensing fees it's looking to cost about $1000. I am wondering if the time invested is worth it (150hr coursework + testing + 30hrs CE every 2yrs). + +I work in the healthcare field, and do not intend to make a full career change. But my partner and I are starting out in our real estate investment and rental property endeavors, and we have been advised that this could be beneficial for us to have our own real estate licenses. + +Some suggested benefits: + +* Commission (if I did take on the occasional client) +* Access to Multiple Listing Service (MLS) +* Growth and knowledge in the field +* Networking with other investors/agents +* Better able to manage any of our own rental properties +* &#x200B; + +EDIT: In our state we would have to actively work under a principal broker for 3yrs before applying for our own principal broker license. +I am a little unclear about how it works. Some seem to sell somewhat traditionally through realtors. Some get auctioned on the courthouse steps, some get auctioned online. What is pre foreclosure ? + +Can anyone recommend some good literature on the subject. I'm in GA if it's state specific. +Looking to get out of my current job and area. + +If you were a single 30M interested in investing in multi-fam units and building off that, where would you go and why? (Not limited to US) +I'm watching an absolute truck ton of investing videos online, but a lot of them aren't area specific. + +I've been flip-flopping on: Should I just put $100k down on a $150k home and have a decently low mortgage and live a low stress comfortable life, or should I diversify and begin to build a safety net? I ultimately want to have a lower cost of living in the event I lose my job and have to work someone I'd not prefer for half the salary (but can keep my house), live in a 250k home and have a nice 40k car, and if it takes 10 years to get there then so be it. + +Every time I read "How I got started in investing," almost like clockwork someone says they were given money from a will, got a higher paying job, but I'm not that. I'm a slow, low risk, diligent saver. Also single and do not have dual incomes. + +If I talk to anyone in the industry, they immediately want to sell me their book, go visit a "free" seminar that has 1000 catches to pay for some service, etc. I'm all for paid service, but you read about scams every day and it's hard to parse between legit services and non-useful ones. I'd like to try investing but frankly I just don't know who to talk to, who to trust, etc. + +I also don't know good areas around Milwaukee that are worth looking into, what the market is like, etc. I live in Cudahy and hardly find my way to any of the other cities in/around Milwaukee. I look at websites like Zillow every day but I feel like I'm driving a single engine boat in the middle of the ocean with no real indication on where land is. Can anyone give me some pointers? Thanks so much. +I'm watching an absolute truck ton of investing videos online, but a lot of them aren't area specific. + +I've been flip-flopping on: Should I just put $100k down on a $150k home and have a decently low mortgage and live a low stress comfortable life, or should I diversify and begin to build a safety net? I ultimately want to have a lower cost of living in the event I lose my job and have to work someone I'd not prefer for half the salary (but can keep my house), live in a 250k home and have a nice 40k car, and if it takes 10 years to get there then so be it. + +Every time I read "How I got started in investing," almost like clockwork someone says they were given money from a will, got a higher paying job, but I'm not that. I'm a slow, low risk, diligent saver. Also single and do not have dual incomes. + +If I talk to anyone in the industry, they immediately want to sell me their book, go visit a "free" seminar that has 1000 catches to pay for some service, etc. I'm all for paid service, but you read about scams every day and it's hard to parse between legit services and non-useful ones. I'd like to try investing but frankly I just don't know who to talk to, who to trust, etc. + +I also don't know good areas around Milwaukee that are worth looking into, what the market is like, etc. I live in Cudahy and hardly find my way to any of the other cities in/around Milwaukee. I look at websites like Zillow every day but I feel like I'm driving a single engine boat in the middle of the ocean with no real indication on where land is. Can anyone give me some pointers? Thanks so much. +This is basic but was news to me, maybe it will help someone. I always dismissed Good Rx because I had decent prices through my insurance, until this year. I have a new nurse practitioner who told me about this: + +One particular medication: + +- insurance = $46/mo. + +- without insurance, with Good Rx = $300+ at CVS and Walgreens + +- with Good Rx at Winn Dixie = $14.00 + +!!! + +Winn Dixie is a chain of cheap supermarkets. I had no idea CVS and Walgreens were *that* overpriced. Find a cheap grocery store. The Good Rx app will tell you how much it is and where. +**Five Year Financial Plan 2013-2017 – COMPLETE!** + + +Long time lurker, occasional commenter, first time starting a new thread. Using a throw-away account for privacy. + + +Background: 42 year old single male in medium cost of living area in the northeast. + + +Five years ago this week I devised a plan to improve my financial wellbeing and I am happy to report it is now complete and has been a resounding success. This is my second five-year plan. Ten years ago, at age 32, I realized I had almost zero assets (or liabilities) despite a decade spent working so I started saving for a home (acquired in 2010) as my only goal for my first five year plan. + + +All of my 2013-2017 plan was compiled long before I heard of FI, RE, FIRE, MMM, or any other such thing, but now I follow these things with interest. + + +**2013-2017 - Three goals, three successes:** + + +* Goal: Continue to put 13.0% of my gross pay into a 401(a) & 403(b) with employer contributing 8.5% to my 4.5% contribution. +* Result: With the exception of 14 months in 2014-2105 where I contributed an additional 2.0%, or 15% in total, this goal was completed with an average contribution of 13.5% of gross pay over five years. + + +* Goal: Decrease spending to get to a 50% spending rate and 50% toward increasing net worth setup. +* Result: 2013 = 41.6% saved, 2014 = 57.8% saved, 2015 = 59.1% saved, 2016 = 50.2% saved, 2017 = 40.4% saved, five year average savings rate = 49.8% +* Methods: In 2014 I moved from a 30 year mortgage at 4.5% with PMI to a 10 year mortgage at 3.0% and no PMI due to cash paid toward principal at closing. Stopped paying for parking at work. Rented out the garage parking spot that comes with my condo to a neighbor. Most of all, just spent less on crap I don’t actually want or need. +* Clarification: I count mortgage principal as savings, this on a property that is appreciating at approx. 1.0%/year compounded. + + +* Goal: Triple my net worth in five years. +* Result: Increased my total net worth by 306% over five years. 56% of that is comprised of a tax-deferred 401(a) & 403(b), 22% of that in property equity, and 21% in post-tax investments/cash, and 1% in value of vehicles. + + +Setbacks: Bought a vacation home in 2016 (set to pay it off in mid-2018). Took an expensive vacation in 2016. Took what turned out to be a very expensive vacation in 2017 due to an unexpected setback during the trip. Acquired a unique fun vehicle for vacation home in the fall of 2017. + + +Summary: I am now 38% toward my retirement goal net worth! + + +**Next Five Year Financial Plan 2018-2022 Goals:** + +* Continue adding 13.0% to 401(a) & 403(b) +* Decrease net saving rate from 50% to ~40% to have more fun in life +* Double my net worth in five years +* Reach 75% toward my retirement goal net worth +* Rely more on investment income for gains than from savings + +Worry: Potential RE in early 50s will be difficult if 50% of total savings can't be touched until age 59.5 (yes I know a little bit about roth conversions and SEPP 72(t), but not much). + +**Help! Does anyone have any tips to add for the next five years?!?!?** + + + + +[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. + +After some opinions on what the group thinks my next move should be. I’m relatively new at looking at my finances in depth (I know, hopefully not to old to start now!), and would love to know the thoughts of the knowledge base I’ve seen here. + +I’m in my mid 30s and I don’t know which path to take. In short I bought a PPOR last year, I’m naturally conservative and with all that is happening with interest rates/inflation etc I’m not sure if I should be spending 6 figures to renovate now. I was raised in a household always worrying about money, I assume it rubbed off on me. + +Sit Rep: +I’m 35, wife is 33. +2 kids under 4, thinking about a 3rd. + +c.260k combined gross income. Wife does some contract work on the side so can flex up 15k depending. I work in FMCG, wife is a social worker. + +150k combined super (in my 20s I built up a few small businesses that I then later sold and didn’t have formal super, invested in stock instead favouring liquidity and sold much of the investments to buy PPOR. + +80k in cash (safety net) + +30k in VDHG, however haven’t bought any in around 3 years due to saving for PPOR. + +House worth c.2mill (Sydney) with a 600k mortgage and 150k sitting in offset. (covers variable rate, 450k is fixed until 2024) + +Average about 7k in expenses per month plus c2.3k mortgage. + +In short, to make the PPOR the forever home, it needs some work, around 150k worth. It’s liveable now however the main kitchen/living/dining area is segregated and poor for family life. Our kitchen doesn’t have a stove for example and limited bench space, and instead of open plan it’s 4 small rooms. + +Wife and friends think I’m crazy, and it’s probably my upbringing, but am I crazy to reduce offset now with interest rate hikes? Should I wait and keep saving to pay in cash? Ideally would also love to start investing again in a DCA fashion as well monthly. + +Also thinking maybe they are right, the longer the wait the longer we aren’t enjoying it. Should I just bite the bullet? + +Would appreciate your thoughts. +I am a software engineer and like my team and my teamlead a lot. But I feel I am underpaid (around 100k, 4 YOE), I get an offer from a mid-tier company around 120k. However, I still want to try top tier companies, but I am not confident enough if I can get in, and I don't want to move unless I can get in a top tier. + +Will I ruin my relationship with my teamlead if I ask for a pay rise using this 120k offer but I still leave the job a few months later? + +Thanks. + +Edit: outside of regular review + +Since the start of the year, I really became interested in finances, and trying to become more financially stable/independent. A few weeks ago I had a complimentary appointment with a financial advisor (after hearing about them so many times on the podcasts I was listening to) and although the meeting went well he was a nice bloke and all, I don’t know what I really gained from it other than being told I am underinsured for my life insurance and that I need to make more super contributions. + +I did have a follow up after which would have been me signing and agreeing to pay for his services but I decided against that because it wasn’t made clear to me how else he could benefit me? + +What exactly do financial advisors do and how can they help someone? +Source: https://youtu.be/o2ww8L-rnic + +Pre-construction buyers of an estimated 950,000 units across 286 project sites are refusing to pay mortgages on buildings that have stalled construction for more than a year, since Evergrande's collapse. + +This totals an estimated USD $100 billion in bank loans that mortgage holders refuse to pay until the construction is completed. + +Buyers say they have been cast into a lifetime of debt with nothing to show for it, because they are being asked to pay a mortgage on a unit that will never finish construction, while also needing to pay rent for a current residence. + +Surely this liqudity crisis won't effect the rest of the world, right...? + +--- + +Edit: additional sources on "China mortgage boycott" + +https://m.economictimes.com/news/international/business/explained-why-chinas-crumbling-real-estate-sector-has-the-world-on-edge/articleshow/93071962.cms + +https://us.cnn.com/2022/07/22/economy/china-property-loans-extended-mortgage-crisis-intl-hnk/index.html + +https://foreignpolicy.com/2022/07/20/china-mortgage-boycott-real-estate-crisis/ + +https://www.reuters.com/world/china/china-censors-strive-filter-or-erase-details-mortgage-protests-2022-07-20/ + +https://finance.yahoo.com/news/china-mortgage-boycott-capital-plans-045045580.html +I absolutely love seeing the big numbers, but it takes some courage to believe that you, the little guy, are making a difference. + +We are all making a difference. None of us could do this alone and no whale dare try to do this alone. Keep those posts coming. You’re smaller shares do matter and they are exactly what’s going to take us to another galaxy 🦍🚀🌌. + +Obligatory edit: there is no “in this together”, but there is “we like the stock”. +TL,DR: Roommate's bank filed a dispute with CashApp and large amounts of money are being withdrawn from my account. +One of my roommates banks apparently thinks that CashApp is stealing money from him, so rent that was paid upwards of 4 months ago is randomly being withdrawn from my account. As a college student, I do not have the equity to protect against against overdraft fees in this situation, so if this happens again, I could be pretty well fucked over. I guess CashApp reserves the right to withdraw any payments to you account if the sending bank files a dispute. The roommate is paying me back, but these things take time. +We often hear about the financial costs of attending graduate school, both in terms of reduced income and opportunity costs. Based on many posts I see in this sub, it looks like we (33M, 34F) are on a decent track to be FI someday, but nowhere near what others have managed to save by getting a job right out of undergrad. + +It would be great to hear some stories on the FI journey for those of us “late bloomers” to earning/investing. + +For example, I did a PhD and PostDoc (7 years in total) following undergrad and therefore did not have a “real” job until I was 28 years old. In 5 years we’ve managed to sock away about $300K (net worth excluding home equity) mostly by living like pauper grad students, having a bull market, and having my decent salary $110-150K (Boston biotech). My wife uses her salary (70K) to pay for family expenses and pay off our student debt (just made our last SL payment!!). Any other PhDs care to share their stories? + +It may also be good to share these stories with other subreddits where prospective graduate students can weigh the financial implications of their career path. +**Purpose**: The purpose of this thread is to monitor the development of $T throughout the trading day. + +**Catalyst**: [AT&T Merger with Discovery](https://www.marketwatch.com/story/at-t-in-talks-to-combine-warnermedia-assets-with-discovery-11621195712) + +UPDATE: [MERGER CONFIRMED](https://www.streetinsider.com/Corporate+News/AT%26T+Confirms+Deal+to+Merge+Media+Assets+with+Discovery+%28DISCA%29/18427657.html) + +**Importance**: Monitoring the change in price of a dividend-stock during a significant catalyst allows us to make certain decisions: + +1. **Price Appreciation**: Sell off % of positions for capital gains, reorganize portfolio. +2. **Price Depreciation**: Buy the dip, add positions to portfolio. + +**Pre-Market Condition**: + +* Price appreciation by **1.46%** (+$0.47) as of 4:55 AM EST. +* Price appreciation by **3.01%** (+$1.01) as of 7:00 AM EST. + +**Regular Market Condition**: TBA + +&#x200B; + +**Analysis**: + +Although market sentiment seems to be mixed, certain analysist have pointed out that the forthcoming merger will not only allow AT&T to expand its streaming services, but will also expand their customer base. Recently, AT&T raised its 2025 subscriber target from 90-95 million set in 2019, to 120-150 million (Bloomberg Intelligence). + +This development, however, would also add to AT&T's massive amounts of debt, exacerbating its existing problems with overleverage ([see AT&T Leverage DD](https://www.reddit.com/r/dividends/comments/ncz06p/we_need_to_talk_about_att_stock_dd/)). + +Right now, the direction of the security is still unknown, but it will be very interesting to see how the market reacts to the potential merger. Feel free to discuss your moves, and any developments regarding AT&T. +VICI is a Casino REIT or as Yahoo Finance puts it "an experiental REIT" + +"It owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. " + +It did an overnight offering that caused the stock to drop around 4% since market open it has continually sold off and is now down 5.56% to $29.99 ($-1.76) where it has floated around the last hour. + +I'm curious what everyone thinks of it, its yield looks great with 4.8% at the current price and has continually grown its dividends even in 2020. + +**Properties:** + +* 29 "gaming facilities" (basically Casinos) +* 200 restaurants, bars and nightclubs +* 4 Championship golf courses +* 34 acres of undeveloped land adjacent to the Las Vegas Strip + +**It has beaten the last 4 Quarter earnings** + +* Q3 2020 + * Expected: .34 Actual: .74 +* Q4 2020 + * Expected .48 Actual: .53 +* Q1 2020 + * Expected: .49 Actual: .50 +* Q2 2020 + * Expected: .49 Actual: .54 + +**Profitability:** + +* Profit Margin: 85.88% (based on most recent quarter) + +**Balance Sheet:** + +* Total Cash (mrq): 407.52M (0.76 per share) +* Total Debt: 7.14B +* Total Debt/Equity: 73.39 + +**Dividend:** + +* Dividend Yield: 4.8% (@ $30.00) +* Increases Dividends around 9% annually (Increased only 3% in 2020 but still an increase) +* Payout Ratio: 55.93% (I thought most U.S REITs paid 90% to avoid taxes???) +What would be the best strategy for fire for me. I’m thinking a mixture of both but I’m not too sure. I would like to retire in 10 years if possible. I’m trying to invest roughly 1000 a month with 6000 already invested. What I’m currently invested in is O, T, QYLD, SCHD, FSKAX, KO, JNJ, XOM, and ORC. What would be some recommendations on what I should do with my portfolio that fits with what I need? I would like a to have 2000 to 3000 a month for retirement +**Purpose**: The purpose of this thread is to monitor the development of $T throughout the trading day. + +**Catalyst**: [AT&T Merger with Discovery](https://www.marketwatch.com/story/at-t-in-talks-to-combine-warnermedia-assets-with-discovery-11621195712) + +UPDATE: [MERGER CONFIRMED](https://www.streetinsider.com/Corporate+News/AT%26T+Confirms+Deal+to+Merge+Media+Assets+with+Discovery+%28DISCA%29/18427657.html) + +**Importance**: Monitoring the change in price of a dividend-stock during a significant catalyst allows us to make certain decisions: + +1. **Price Appreciation**: Sell off % of positions for capital gains, reorganize portfolio. +2. **Price Depreciation**: Buy the dip, add positions to portfolio. + +**Pre-Market Condition**: + +* Price appreciation by **1.46%** (+$0.47) as of 4:55 AM EST. +* Price appreciation by **3.01%** (+$1.01) as of 7:00 AM EST. + +**Regular Market Condition**: TBA + +&#x200B; + +**Analysis**: + +Although market sentiment seems to be mixed, certain analysist have pointed out that the forthcoming merger will not only allow AT&T to expand its streaming services, but will also expand their customer base. Recently, AT&T raised its 2025 subscriber target from 90-95 million set in 2019, to 120-150 million (Bloomberg Intelligence). + +This development, however, would also add to AT&T's massive amounts of debt, exacerbating its existing problems with overleverage ([see AT&T Leverage DD](https://www.reddit.com/r/dividends/comments/ncz06p/we_need_to_talk_about_att_stock_dd/)). + +Right now, the direction of the security is still unknown, but it will be very interesting to see how the market reacts to the potential merger. Feel free to discuss your moves, and any developments regarding AT&T. +I'd like to cut down my hours at work. I have extensive real estate holdings which will make this possible. Recently started a dividend portfolio. I like DIVO and JEPI. Any good ideas on how to subsidize my income longterm with dividend investing? +🚩Get in super early on this wealth creation saving project and secure your passive Binance-Peg BUSD income! + +BankersDream team consists of German financial experts paired with a software developer. The goal is to build an asset with an ecosystem fuelling the volume for the rewards to consistently secure your passive income. + +🚩BankersDream is highly community driven and the team wants to work with the community to make this into the next big reward token. + +↪️ Always feel free to enquire in their socials, the team will answer any question ! + +Buy on PancakeSwap + +📜Contract address: 0x966f75a3A48BD6133220Bf83A62429bf04Adf29f + +📊 Tokenomics + +\- 8% Reflected in PEG BUSD-T to all holders + +\- 1% Liquidity + +\- 2% Buyback and burn wallet + +\- 4% Marketing + +\- Anti-whale mechanism, no wallet can hold more than 3% + +📌BankersWhale + +\- The first community idea which will be implemented into the system is BankersWhale. + +\- 1.5% of the marketing tax will be used as a community investment fund. The BankersDream team will use this money with community suggestions to invest in various altcoins and meme coins. + +\- New projects can also reach out to BankersWhale to apply for an AMA with the BankersDream community, in which they can present the idea and receive an early investment from our fund. + +\- 75% of the yield generated by the fund will be distributed to holders, applying the same logic as for the BUSD rewards. + +\- 25% of the yield will be kept for further development costs of the ecosystem. + +\- The BankersWhale fund is a risk-free way for their community to generate another form of income. + +\- Only BankersDream Holders will receive the participation in the yield! + +Visit and learn more at[ www.bankersdream.org](http://www.bankersdream.org/) or Join our Subreddit r/Bankers_Dream. + +Daily AMAs at 3PM EST in our TG. +"As many of you now are aware, an economic crisis faces the world's finance institutions driven by various Hedgefund trading behaviors resulting in catastrophic losses across the market. The shining center of this explosion includes our company, Gamestop. And while I can assure you, this is in no way the fault of our staff or our stockholders, it is important that we offer you our perspective in these trying times. Many of you have come to know Gamestop as an aging brick and mortar videogame retailer. Our real story is much grander. + +We sold videogames, but more than that-- we sold dreams. We sold fantasies. We sold intense competition and strict rules. We sold worlds, stories, depth, and exploration. We sold memories, connection, love and war. All for the price of a CD--and now digital download. While some hedgefunds chose to bet against us for the things they could see -- perhaps the pandemic or our past debts; Others, bet on Gamestop -- with their minds, their hearts, their hopes, and their dreams. + +Gamestop, for all its flaws, managed to connect with a generation of people who enjoy videogames. How fitting it is that they grew up to be our passionate stockholders who want our company to succeed, helping to stave off bankruptcy, debt, and predatory wallstreet practices. All CEOs would wish for a group so passionate and prepared. Because, as you are now aware: if you tell *our* stockholders that you are willing to take *infinite* risk, they'll believe you. They'll spend hours combining their time and expertise for the benefit of complete strangers. They'll scrutinize every filling, every number, spreadsheet, dataset, google traffic data, every lit window. They'll look at every rule, find every flaw in your system, any way to get an edge.(Shouldn't Wallstreet be proud?) And as every game developer will tell you, they'll *have a blast* doing it. + +For a generation we raised these kids for you. Turning them into incredible strategists, thinkers, and cooperators. Ready to use their skills and knowledge to help a teammate in need. A generation that grew up sharing their knowledge to build eachother up--one set of random teammates at a time--is the antithesis to a system that pits each man against one another. The world we live in doesn't often reward their talents, but they chose to reward each other. As the records now show, many chose to forgo selling more than a few shares, so--they also chose to share the wealth they gained--fitting for a generation that spent millions of hours playing within systems that encouraged fairness, rewarded performance, and punished cheaters. + +We formally apologize for any inconvenience their passion for those values, and conviction for holding stock, may have caused you. We apologize for giving them the tools they needed to explore every possibility, and accomplish any goal they set their mind to, to think critically, to connect, play fair, get along, and to have fun. And lastly, we apologize that they won all of your money fair and square. + +Power to the Players." +Expanding the scope beyond just Tesla, what are both the short and long term prospects for global auto manufacturers, now and looking ahead for the next 10 years? + +We’ve seen stagnant or declining growth for traditional automakers over the past few years, and the effects of the pandemic seem like they’ll last years into the future. + +What does the future hold? New business models that include more ride-sharing and subscription models compared to traditional ownership? I don’t see EV’s becoming prominent within the next ten years without significant regulatory influence. Thoughts? +My script is using data from the finnhub [api](https://finnhub.io/docs/api). However, when I fetch the EMA indicator data, it returns inaccurate numbers. For example, looking at `AAPL`, resolution `D`, and timeperiod `100`, I get the EMA as `117.0767717332421`. However, on TradingView, the current EMA is `116.48` given the exact same settings? +My to and from periods are `1609456293` and `1592176293`. Another problem I've found with the API is that if I give it exactly 100 days between now and 100 days ago, it throws an error saying the time interval is too short given the time periods. +Outside of the use of unstructured news data, I really don’t understand how alternative data can be used in the quantitative approach to short - mid term trading. For example, if you were to acquire some derivative of sales data for a company and were attempting to predict whether or not it would beat earnings, wouldn’t this just be a systematic approach to fundamental investing? + +I am mainly wondering if the majority of the big players in the quant buy side game (when trading ~mid frequency) are just generating the majority of their features from typical market data and perhaps some news data. If this is the case, then the real art would be in creating new data from highly available data. It seems that alternative data is more or less only relevant in lower frequency quarterly earnings plays. +Say you open a position based colour of last candle then close when price changes by 0.5% or something. Has anyone got some stupid simple strategy like this to work? +I’m trying to apply the Fama French model in python. But all the examples I’ve seen from the net so far have used data only from the original Fama French research. Is there any way I can apply it to my own basket of stocks? Can the factors be calculated numerically? + +Is FF generally good as a portfolio management strategy? +# America + +* Q3 GDP growth was stronger than expected (Actual 3.5% | Expected 3.3%) + * **Government spending**, largely on defense purchases, was a large part of this + * **Consumer spending** was especially strong (Actual 4.0% | Expected 3.3%) + * Spending on apparel increased the most since 2005 + * **Business investment** slowed +* Business’s are borrowing from their future growth by accelerating their build up of inventories ahead of **tariffs** +* **Consumer** **sentiment** is holding strong at multi year highs + +# Other + +* **Canada’s** stock market hit its lowest level since 2016 + * Household **credit** **growth** has slowed to pace not seen since 1983 +* **Industrial** **production** in **Singapore** has slowed to a stop +* With low inventories, **Iron** **ore** prices hit an 8 month high + +# China + +* The **yuan** remains at a multi year low +* **Industrial** **profits** have dropped sharply +* Growth in **e-commerce** is slowing +Whenever someone talks about depositing or saving money, most people instantly think about banks for some reason. IMO they are the worst way to save money, not only do they offer interest rates that are terrible and lower than the inflation rate, they're also terrible privacy wise. + +Crypto is much much better. I'm getting double digit interest rates, huge annual return due to Crypto's value rising PLUS a hedge against inflation. Moreover, there's no privacy concern and the utility is the same or even more than banks considering Crypto is being accepted more and more as a payment method with better discounts than bank credit cards. Who else does the same? +I’ve seen about 40 ‘revenge coins’ pop up in the last 24 hours. Most are copying this dude Ryan who made one to get back at his ex Sarah but didn’t know what he was doing. + +Someone on 4Chan discovered it and it blew up. The community helped him burn, renounce setup LP etc live in the chat. + +Then some people pumped it. Took some winnings and created a competing coin to get back at Ryan while posing as Sarah it crashes the original keeps growing. + +Hilarity ensues. I sold already but I’ve been in the telegram group watching the drama. It’s pretty entertaining. + +https://fckyousarah.com + +What the hell is next in this crazy world. How long till regulation comes in and ruins all this entertainment value. +My SO and I changed insurance providers not too long ago and as I was looking through the handbooks, I found out my insurance gives us half off Amazon prime and gift cards for going to certain doctor visits. His insurance offers 7 free acupuncture appointments and a free costco membership! + +Check yours! You might have some hidden gems! +Initially asked this question over at r/personalfinance, and was directed here because of the size of the numbers and was told to come to this thread to get a better estimate. I, a young college student, have received a large inheritance, and was wondering what is the average percentage someone would pay to have an investment account for 1.5 million? 2.5 million? + +Thanks for your expert opinion and personal experiences. +Curious if anyone’s come up with a creative way to purchase a primary residence with money from a self-directed IRA. + +Asking for a friend (no, seriously) who is now “asset rich”, “cash flow poor” looking to buy a primary residence. + +He had a "lottery event" and now has $1.8M in a self-directed IRA, but his household income won’t support the mortgage they’d need. + +He's talking about just increasing the down payment or using 72t withdrawals to offset the mortgage payments, but he's young and makes a ton of money so he'd get crushed on taxes. + +Curious if anyone's had a similar situation and figured out something creative. +Not sure who to ask but thought it would be interesting to hear from you lot. + +I'm looking to but some land to build our dream house and the existing owner has offered to stay for 18 months while we get plans and permits sorted out. This seems fantastic but the more I think about it, I'm not sure. + +The catch is the house is a true knockdown. Bordered up windows, lights that don't work, I'm afraid to see the bathroom and toilet. You don't have to worry about someone breaking in because it's a death trap. I'm worried about the possibility of having to make good on a house I plan to flatten. Total waste of money but the rent could save me thousands. + +Everything in the guidelines that I can find talks about the state of the property when the tenant moves in. I'd assume this would apply when it becomes a lease even with the guy already living there. Any thoughts? Anyone done or heard of something similar happening? + 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) +Due to the recent influx and repetitive nature of Sankey budgeting posts, we have decided to create a megathread to collate these posts into a central location. + +[Build a Sankey using this tool here](https://sankeymatic.com/build/) + +To get more meaningful replies, please ensure to include details around your situation (ie. income, living situation, dependants, any other factors in your financial situation). + +If you have seen someone with a similar situation to yourself in this thread, please avoid reposting a comment to avoid clutter in the thread. + +All further Sankey submissions will be removed and referred to this thread. +Created by our fellow FI redditor /u/iamlindoro who actually followed the FI sidebar rules and didn't post himself. I'm impressed. + +Worth checking out: +https://www.theearthawaits.com/ +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 +Unfortunately this evening my mum has fallen for a typical phone scam which involved someone impersonating her bank and saying that her account has been compromised, was made to seem genuine through details the scammer had of her recent transactions and her address and she then transferred money from 2 different bank accounts to a “safe account in her name”. This process took over 3 hours and she has lost £3200. The banks call centres are shut and the money has already been sent over an hour ago. What are the chances of her getting her money back through her bank or other means and what can we be doing now to help the process? +The Internal Revenue Service announced that interest rates will increase for the calendar quarter beginning January 1, 2023. The new rates are: + +• Seven (7) percent for individual overpayments (refunds) + +• Seven (7) percent for individual underpayments (balance due) + +Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For Taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points. + +Source, at IRS.gov: + +https://www.irs.gov/newsroom/interest-rates-increase-for-the-first-quarter-of-2023 +I currently have a checking account, savings account, and 15 month CD with a local bank. I've been looking at other options recently, and it looks like Ally has better interest rates, especially for emergency funds that I have in savings. Since I don't want totally get rid of everything from my local bank (it would be a hassle, plus I can't b/c of the CD), does it make sense for me to open up a new account with Ally for savings and then get rid of my savings account at my local bank? Is there something else I should consider? + +Also, It looks to me like the Ally credit card is also better than the one I currently have through my local bank. Does anyone have experience with the Ally card? I currently just have the one from my local bank but I am not opposed to having two and putting small reoccurring purchases on the local bank card since Ally has better rewards. This would help boost my credit score too I think. +Hi everyone, I need some opinions and advice on what options I have here in my situation. My parents [Late 40s] are first time home buyers but my dad just changed jobs and his credit isn’t in the best shape right now therefore using him in the mortgage loan process will not work out. My mom has good credit but low income so she asked if I will cosign on a $229,999 property with her because I have good credit and currently working. The only thing is I work part time and I am also a full time student, I’m thinking the job I have at the moment is not stable enough to the point I can rely on my income although I won’t be paying for the home and everything that comes along with owning one, my parents will. Is this a risky decision? How can I tell my parents they are putting my financial life in jeopardy if it is? + +Any advice is appreciated. Thank you! +Some background- we’re in the process of selling our company and have had interest from multiple buyers. Our banker believe the business will sell for 85-105m. We (the founders) remain extremely important to the future growth of the company and to a lesser extent the day-to-day operations. + +What we have told all suitors is that we want to remain active participants in the engineering work associated with future product development, but that we wish to transition all other responsibilities to the new management team. We like the engineering side of the business and want to continue with it for the foreseeable future. The buyers are accepting of this request because we have a strong track record of solid product development that they wish to see continue. Freeing our time for engineering is a good thing from their view and ours. We are genuinely committed to helping our business continue to grow. + +That being said, what are some things that a buyer can add to the purchase agreement to require us to stay on board? If the new owners made my life miserable and I quit, could I be contractually liable in some way? + +FWIW we’re only going to entertain equity rollover offers, no earnout. Mostly likely 20-30% rollover. +Curious about what would you consider: + +1. too little (cannot have good accommodation, food, time on such budget)? + +2. too much/ wasting money? + +3. What is your typical spend on a single holiday (incl. for how many people you’re paying)? + +4. How many holidays a year? + +5. What is the total annul spend/ budget? + +6. Do you rent a place? Book hotels and activities yourself? Or use a travel agent? +As the title says I started a job about two weeks ago now I'm just hearing back from a different job I applied for around the same time as the current job and they offered me a position and start date paying 35% more. It's the same type of work just different fields and idk what to do. Any suggestions would be great. + +Can't respond to everyone so I just wanna say thank you all for the kind words and advice. You guys are appreciated. +Was having a great week. 3 high green days and was going on 4... but i got greedy, broke 2 of my rules and ended the day at break even. Not too upset because it could’ve (and should’ve) been much worse, but just a reminder for all of us to stick to our original plans and follow our rules! They are there for a reason! This is pretty much just a vent, but if anyone wants to vent/share their own stories about breaking rules/plans feel free to share. I always love reading everyone’s posts! +Good morning, here's my watch list: + +Gap Ups: ADTX, AGQ, APPS, ATVI, AVCT, BEAM, BHC, DNLI, EDIT, HEAR, HOFV, INFN, IRM, MAXR, NOMD, TVTY, VSTO, YETI + +Gap Downs: FSLY, OSUR, WDC, WIX, + +Filled the gap on SPY. Now to see if we pull back for a bit before moving higher. After being green for 6 days straight, we could possibly see some profit taking today or tomorrow. If we do pull back, first short term support is the 9 ema, second is the 20 dma. Action at open still fairly choppy as it has been for the past couple weeks, but still some good trades to be made. My main focus will remain on earnings plays. Good luck trading + +\*I do not add stocks under $5 to this list. If there is a stock that is under $5 here then it was above $5 when I added it\* + +\*\*This is not my complete watch list\*\* +Bit of a headache really. We cant get a refund on the holiday, and now she's threatening to go with her friend and not pay me back, after I've suggested we talk about finding someone who'd like to buy it off us. +Unfortunately I bank transferred her the money for the holiday. I just want to know if I have the power to do a chargeback/claim as an unauthorised payment to her. + +I would've used PayPal but I'm permanently limited for reasons I don't know, and never will. +Few here pay $150k+ a year for a PA to run errands and look after the house. Some have their own Bloomberg terminal at home. + +I wonder if any of us have enlisted the services of a research analyst to model data, source and assess ideas, stress test and assist with trading (corporate actions, etc...)? + +This is all time consuming yet many of us are not big enough to start or join a proper family office. I tried the pay-per-hour remote thing and it did not work really - I am now wondering if some found a better way. +While I have been thinking about FIRE for sometimes, it's always been a someday type of goal. It's only in the last few months, with the combination of what's happening in my real life and discovering this subreddit, I have really sat down and putting together a concrete plan around FatFIRE. After much analysis and number crunching, I'm happy to say we are a year or two away from FIRE. Yeahh!! + +A little bit of about me, married with a husband and two kids in VHCOL area. Both hubby and I are in our mid forties. I'm an executive at a tech company making good income (1million+/year). Hubby is tinkering with startup, high risk so we are not counting on his income for FatFIRE. Kids are in elementary and middle school, a ways to go till they are in college. + +As I'm preparing of the FIRE, here are the list of preparation I'm thinking through, love to get feedback from others on what else we need to be thinking about. + +**1. Work transition: Full time -> part time -> FIRE** + +* a. Rather than retiring completely right away, my plan is to shift into part time work in a year time and do the part time for one year, and then FIRE completely. The reasons are several folds: + + * i. Test Run FIRE, during this part time year, I'm plan to put away all of our w-2 income and see if we can live off our passive income from our investments (index funds and real estate income) + + * ii. I have a large chunk of unvested RSU, part time would allow to capture some of these upsides. + + * iii. Going from a very high stress, high demand work to FIRE might be too drastic, using this year as a transitional year and ease my way into worklife. Getting more involved kids life and school. In addition, I have a lot of hobbies and interests (tennis, ballroom dancing, photography, travel) that have been taking a back seat all these years, I want to start picking them up and find communities around these hobbies during this transition year, so when I finally FIRE, it'll be a smooth transition. + + * iv. Lastly, in case this trial run doesn't work out either financially or personally, I can move back into a full time role. Very unlikely scenario, but I like to have options. + +* b. Question: I haven't seen others on this sub trying out this route, curious to hear if others have experience with full time to part time to FIRE transition. + +**2. Financial preparation** + +* a. Rebalance our investment portfolio and shift towards more dividends/interest generating investments + + * i. Pretty heavy on stocks (85%), and need to shift more into dividend generating index funds, bonds and treasury bills to cover the expenses. + + * ii. Question: The three funds portfolio is paying out 2% in dividends, how do other do the actual 3-4% withdraw? Are you drawing into your principles? + + * iii. Our investments are also spread over many accounts across multiple brokerage firms, need to consolidate for ease of management. + +* b. HELOC for primary and investment properties + + * i. As our earned income would reduce drastically, plan to get maximum HELOC for our primary and investment properties. This would give us flexibility down the line as I do plan to do more real estate investment once I have more time. + +* c. Continue to look for income generating real estate properties + + * i. I know many people on this subreddit don't like real estate, but in my experience, it's been a good investment tool and I have decent property managers to deal with day to day operations. + +* d. Fully fund kids 529 plan ($120k per kid) + + * i. I have been putting some money into kids 529, plan to contribute to $120k per kid. With the growth of the portfolio, while it may not cover the full expense of a four year private university, it'll be close enough. + +**3. Healthcare** +* We will be on cobra for as long as we can and then shift to Obamacare silver or gold package. + +**4. Life post fire** + +* Family and friends - spend a lot more time with them +* Health - with my job, fitness and health have definitely taken backseat, it’ll be a priority post fire. +* Hobbies I mentioned under bullet 1. +* Professional life: haven’t figured it out, after some time (don’t know how long), I’ll probably get bored and want to get involved in something in tech. Won’t be a operating role, I would consider advising role as a way to give back. + +Feels great to have an end in sight. Appreciate you taking the time to read my plan and suggestions are welcome! + + + + +[**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 + +&#x200B; + +**📌 Flair update!** Out with the ODL in with the new **🧾 Buy & HODL 💎🙌** with a new background color #242424, IYKYK + +**📌** [New Superstonk User Flair Emojis & How to edit your own flair!](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +And thanks to the advice on this forum that is totally fine and possible! + + + +2 years ago it would be literally impossible for me to do. Now, it is completely possible and I could support myself for 6 months if I really had to (I'd rather not tho for obvious reasons). + + +Are there any things I should do in this period? Tell my bank? Benefits? + + + +I'm quitting to escape the most toxic environment I've worked in for over 15 years. (Work in IT) +Deploying the 'ljr' USE flag to Gentoo as a default quietly was wrong, and has been disabled, as well as splitting the spam filtering off to an independent 'ljr-antispam' USE flag so the rest of my patch is not tied to it. Currently, these changes are only available in the “bitcoin” overlay, but should make it to the main Portage tree within a few days. + +When I deployed the patch as part of the 0.9.3 ebuild for Gentoo, it did not occur to me at the time that the spam filter was even included, much less that it would be controversial. For some reason, I assumed everyone already knew what was included in my patch (ironic, considering I obviously forgot that part myself) and would see the new USE flag when upgrading. When it was pointed out, I should have just taken the more conservative approach and flipped it off by default. I should have known better (I did make the patch after all), and so I apologise for my lack of prudence. + +While I still believe the full patch is the best solution for users today (I have been using it for years myself), I recognise that it should not be enabled without ensuring everyone receiving it is well-aware. What I should have done, in hindsight, was at the very least have a pre-installation notice informing users of the patch and a link to more details on what exactly is included in it and what those changes mean. I will put more effort into ensuring future patches are clearly disclosed upfront. + +Over the long term, my hope is to see a BITCOIN_NODE_POLICY variable that can be specified as “ljr”, “vanilla”, or hopefully many other policies to match people’s many different preference in how their own system’s resources are used. + +If there are any further concerns or suggestions, please don't hesitate to contact me. + +Luke + +Has anyone spent the time to what the S&P500 is actually constituted of as of today. + +First of all, we all know mass un-employment is occurring and people working in local restaurants and all are screwed. But, just because the rest of the world is in ruins doesn't mean every sector is in shambles. + +You see, unlike past recessions, in this current epidemic, one sector is gloriously going to profit out of the recession. And we all know what that sector is: **the technology sector**. + +&#x200B; + +Have you nerds checked what S&P500 has turned to in its market cap recently. + +**Boomers in Wall Street finally caught on. Your S&P500 is now a tech and health care index. Other sectors don't matter anymore in our economy.** + +Boomers finally accepted 'future is tech and health care' from all these airline companies and all. + +Let's look at SPY major holdings: + + Software 8.37% + IT Services 5.57% + Technology Hardware, Storage & Peripherals 5.16% + Pharmaceuticals 5.08% + Interactive Media & Services 5.04% + Semiconductors & Semiconductor Equipment 4.42% + Banks 4.37% + Internet & Direct Marketing Retail 4.08% + Health Care Equipment & Supplies 3.74% + Equity Real Estate Investment Trusts (REITs) 3.11% + +So summed up: + +Technology (Software/IT Services/ Technoloy Hardware/Interactive Media/ Semiconductor/Internet) is: `8.37 + 5.57 + 5.16 + 4.42 + 4.08 = 27.6%` + +And for Health Care (Pharmaceuticals / Health Care Equipment): `5.08 + 3.74 = 8.82%` + +Over 36.4% of SPY is technology and health care currently. + +&#x200B; + +All this cry about real estate, hotels, restaurants, airlines collapsing: + + Real Estate: 3.11% + Hotels and Restaurants: 1.55% + Airlines: 0.2% + +Even IF every single real estate, hotel, restaurant, airline company went bankrupt in the S&P500, it's only 4.86% of SPY. Big boomer money on Wall Street must have finally noticed this. + +&#x200B; + +SPY calls 300 end of this year. + +By end of this epidemic, we might have almost half of SPY be technology and health care. + +Imagine being a gay bear competing against infinite QE from FED with all this information. FED go BRRR BRRR. + +I know travel is big in the FI community, and I completely understand the appeal. Personally though I'm more than satisfied with one two week international trip every 12-16 months (if it wasn't for my gf it would probably be more like every 16-24 months). + + +On the other hand, I'm obsessive about my hobbies and love spending money on nice things. I like fashion and buying nice clothes (I avoid paying full retail). I like nice furniture. I like home automation. Fancy mechanical keyboards, etc. I'm not into cars or anything like that, so my hobbies aren't egregiously expensive, and I don't buy shit for the sake of it, but I do like having nice things. Because my hobbies aren't horribly expensive, I can generally afford the top of the line. + + +I think a balance is important of course, we habituate to nice things a lot faster than we forget fond memories of good experiences, but I find myself getting more happiness from things than from travel in general. + + +So I guess my question is this: if we have a finite amount of $$ to split between luxuries in FI (travel, things), I think I'd find myself allocating a larger portion of that to stuff than the average person here. Where does everyone else fall on that continuum? +Hi Guys, + +&#x200B; + +I've recently had my pre-settlement inspection for a property which I purchased off the plan and lets just say I was more than unhappy with the product. + + +My question here is - has anyone (or has anyone known of anyone) who has backed down from the purchase of an off-the-plan property (sacrificing the initial down payment). + + +My solicitor has advised me that not settling the property leaves you at risk of getting sued by the developer for the balance of the actual sales price on it's on the market - although in her long career as a solicitor this has never happened to any of her clients, however I'm interested to know if this has every actually happened? + +&#x200B; + +Seeing as how I am seriously considering backing out, any advice would be great! +Blanderson here, back with another quick guide to the wide world of financial fuckery. This time a visual guide, with less words and 20 images max. + +I woke up this morning dreaming of a green Christmas, as hyped for today as I am for every day. **When you own $GME, you wake up a winner every day.** + +What’s put a little extra pep in my step lately is the imminent release of the Q3 13F filings on sec.gov, due Monday, November 15. Hopefully this guide will help you interpret the numbers and reduce the amount of confusion and FUD we get around these dates. + +Disclaimer: I’m not a financial professional, this is just what I’ve learned from doing the [Voltron](https://www.reddit.com/r/Superstonk/comments/ojh2eh/ultimate_wargame_theory_the_beginning_total/) [series](https://www.reddit.com/r/Superstonk/comments/oku8fm/ultimate_wargame_flashbacks_archegos_glacier/) [of DDs](https://www.reddit.com/r/Superstonk/comments/oty1f2/quick_simple_game_that_explains_how_shfs_are/). Let me know if I’m missing anything or have something wrong in the comments! + +💎🙌🦍💗🚀🌜 + +# Basic 13F Info + +Before I get to the visual guide, here is some basic information about 13Fs. Some of this is distilled info from the [SEC’s 13F FAQ](https://www.sec.gov/divisions/investment/13ffaq.htm) and my own paraphrasing/organization of the information found there. + +**Who Files a 13F?** + +Instititutional managers that have greater than $100 million in assets under management (AUM), and who engage in commerce in American markets. (paraphrased) + +**What Is in a 13F?** + +**Short Answer:** Stocks, and options (calls and puts) on those stocks + +**Longer Answer:** Any securities on the [Official List of Section 13(f) Securities](https://www.sec.gov/divisions/investment/13flists.htm). + +>“\[The list\] primarily includes U.S. exchange-traded stocks (e.g., NYSE, AMEX, NASDAQ), shares of closed-end investment companies, and shares of exchange-traded funds (ETFs). Certain convertible debt securities, equity options, and warrants are on the Official List and may be reported. +> +>Securities that are not on the Official List should not be reported on Form 13F. For example, shares of open-end investment companies, i.e., mutual funds, are not included on the list and, therefore, should not be reported on Form 13F.” + +**SEC FAQ Answer:** “Among other things, Form 13F filings must include: + +* the issuer name of all Section 13(f) securities (which should be listed in alphabetical order); +* a description of the class of security listed (e.g., common stock, put/call option, class A shares, convertible debenture); +* the number of shares owned; and +* the fair market value of the securities listed, as of the end of the calendar quarter. + +Note that transactions may occur at any time during the quarter, so a filing for the quarter ending 06/30 does not mean those securities were purchased on that date. Additionally, securities and/or options bought AND sold/exercised during the quarter will not show up on a 13F. + +**When Are 13F Forms Filed?** + +**Q1** (end date 03/31) - filing due in May + +**Q2** (end date 06/30) - filing due in August + +**Q3** (end date 09/30) - filing due in November + +**Q4** (end date 12/31) - filing due in February + +A table of upcoming dates can be found in [the SEC FAQ](https://www.sec.gov/divisions/investment/13ffaq.htm). This year’s remaining dates are August 16 (Q2) and November 15 (Q3). + +Where are they filed and how do you read them? Let’s turn to the visual guide for that. + +# Visual Guide to 13Fs + +While there are other sites that track and present the data in fancy ways, I’m old school and like to go directly to the source. One reason is that I like to verify everything for myself. Another reason is that the most popular site, WhaleWisdom, doesn’t allow VPN connections. Free ain’t free. + +My source for 13Fs is the sec.gov website itself. + +&#x200B; + +https://preview.redd.it/7uyimv99srz71.jpg?width=1031&format=pjpg&auto=webp&s=612a3cc21e5cd325b3209f7eb3a7e7335db248fa + +**A:** Click on Company Filings rather than using the search box. + +&#x200B; + +https://preview.redd.it/qmax2qrasrz71.jpg?width=638&format=pjpg&auto=webp&s=3408c5a52908516030b26a78225a4a4108679fb0 + +**B:** Type the full name here if you know it, but partial is ok too and in some cases it’s necessary. + +**C:** Notice there are a lot of Melvin Capitals. They are all different companies with different purposes, but related to the same Plotkin business entity. The trick is you have to find the one that files 13Fs. + +**D:** Using the Search button is preferable for finding the right Melvin Capital, in my opinion. If you just hit Enter/Return after typing in Melvin Capital, it will take you to the first result, Melvin Capital LP. + +&#x200B; + +https://preview.redd.it/k6daqtwbsrz71.jpg?width=1435&format=pjpg&auto=webp&s=3655d632e6011f38f5d99090f95ab9c613b22491 + +**E:** Unfortunately, there are only Form D filings here. That means this company exists only to raise money from investors through the sale of securities. It’s like when banks sell their own bonds. These companies will often be registered in a tax shelter even if the hedge fund itself is registered in the U.S. + +But, if we had hit the Search button instead we’d go to what I call the “old SEC” site (because it reminds me of using old reddit vs new reddit). + +&#x200B; + +https://preview.redd.it/2osvlsldsrz71.jpg?width=537&format=pjpg&auto=webp&s=69294aed51bf2b3b5f166a86418b016df16ccfaf + +Note that I removed some empty space in the next image to bring the data closer together for readability. Here’s [the actual site](https://www.sec.gov/cgi-bin/browse-edgar?company=melvin+capital&match=&filenum=&State=&Country=&SIC=&myowner=exclude&action=getcompany) so you can see what I mean if you like. + +**F:** This is a much easier way to find the company you’re looking for, and lets you easily see where all the different companies and funds are incorporated. It isn’t always easy to tell which one you need, but you start to get a sense for it after a while. For example, anything that says “Fund” or “Offshore,” or has different versions (“I, II, and III”) will not be the right one. One tip is that the hedge fund that files 13Fs will always be registered in the U.S., even if they have foreign-registered shell companies. + +In this case, we click on Melvin Capital Management LP, which takes us to this “old SEC” page. + +&#x200B; + +https://preview.redd.it/5mz9dk1ksrz71.jpg?width=924&format=pjpg&auto=webp&s=110079de721c3385d6c6fd050751d41d20cbf8b8 + +This is it! You should see a list filled with 13Fs and 13Gs (and occasionally some form D or other types). + +Note that I removed some empty space in the next image to bring the data closer together for readability. Here’s [the actual site](https://www.sec.gov/cgi-bin/browse-edgar?company=melvin+capital&match=&filenum=&State=&Country=&SIC=&myowner=exclude&action=getcompany) so you can see what I mean if you like. + +**G:** Scanning the list down to the first 13F-HR, we see it was filed in May so that means it’s their Q1 filing according to the schedule mentioned above. (Very occasionally some enterprising CFO will file in an earlier month, so a Q1 might show up in April, but the Feb/May/Aug/Nov rule makes it very easy to scan for specific filings.) + +If you click on Documents, this pops up. + +&#x200B; + +https://preview.redd.it/adjox73osrz71.jpg?width=1466&format=pjpg&auto=webp&s=785bfa484601b3d56ea505138debf0ccb0cb7585 + +**H:** Right off the bat you have the filing date/period of report combo again. Filed in May for the period ending 03/31. + +It’s annoying that they call it “period of report” because it’s not. The period of report is actually 01/01 – 03/31. It’s one of those shorthands that people in the industry are blind to and new researchers like us have to get used to. “03/31” must become synonymous with “Q1” in the researcher’s mind. + +**I:** The first document type is also annoying named “Primary Doc,” when it is actually the Cover Page. I ignored these for a while, but my research really started to pop when I started paying attention to them. I will break one down below. + +**J:** The second document type is the Infotable, which is where all the data on specific securities and options is held. I pointed out the file size because eventually you get to the point where you can guesstimate a fund’s AUM just by looking at the file size. Dear god, what have I become? + +Also, sometimes you’ll see a file size of 0. This means you’ve probably run into a 13F-NT, which means no assets are reported in the filing. Don’t ask me why they do this. In my mind I read it as 13F “no text” because you won’t find filings, but the Cover Pages can still be rich sources of information. + +# Primary Doc (Cover Page) + +&#x200B; + +https://preview.redd.it/yvzydw2tsrz71.jpg?width=1128&format=pjpg&auto=webp&s=4c862f0a76eed7cdd8df4ed3edf6df6443fc09a2 + +**K:** If it’s an amendment (/A) to add or restate holdings, one of these will be checked. You will already know, though, because it will be labeled 13F-HR/A on the previous page. I haven’t found too much interesting in the Amendments, as a lot of times it’s just to correct a bad signature or other typing error. + +**L:** You’d think the address for the filer would match the address for the hedge fund, but it often does not. For example, a manager in Texas might sign for a company registered in Colorado. Sometimes leads to interesting connections. + +**M:** This is a spot where tracking 13Fs over time can yield interesting insights, like people being promoted or strange new filers being brought in. + +&#x200B; + +https://preview.redd.it/dgdqgpausrz71.jpg?width=1111&format=pjpg&auto=webp&s=bb40eb6523320e964453225479a267b93e97c212 + +**N:** + +13F-HR - Holding Report, means the infotable is all managed by the filer + +13F-NT – Notice, means this filing won’t have an infotable and/or holdings are found in another company’s filings + +13F-HR – Combination Report, means the assets of other managers are included in this report. We’ll see how to differentiate them in the next step. + +**O:** If it’s a Combination Report, it means that some of this company’s holdings are reported in other company’s filings. All part of the pointless complexity that hides crime. + +The next number, 82, is the Infotable Entries, or number of lines in the infotable. That doesn’t mean different securities, as a hedge fund often has shares, calls, and puts on the same security, as you’ll see in the next screenshot. + +Finally you have the big number, the total $$ value of the firm’s AUM *as of the date of filing*. You can do a lot with this number. I like to compare multiple quarters to see when big shifts in AUM occur, and then try to figure out what caused them. + +For example, Advisors Asset Management’s AUM from Q3 2019 to Q4 2021: + +**Q3 2019:** 5.4 billion + +**Q4 2020:** 11.3 billion + +**Q1 2021:** 4.2 billion + +Meanwhile the Infotable Entries range from 1,507 to 1,577 and the additional managers remain the same across all three. What’s up with that $6 billion? Is someone playing games? + +P.S. Advisors Asset Management is registered in Colorado but their Chief Compliance Officer signs the forms from Texas. + +Let’s take a look at a more complex cover page, this time for ExodusPoint Capital Management. + +&#x200B; + +https://preview.redd.it/vb7nr5kptrz71.jpg?width=1101&format=pjpg&auto=webp&s=b57f8d11bd0bcd502c45feccbb53a14f7902c923 + +First you’ll notice the big chunk of blue text, which lays out clearly that they have additional managers with full investment discretion in certain securities, and that in some cases both ExodusPoint and the additional managers may have shared ownership. It’s just an example of how convoluted they’ve made things to hide crime. + +There is an Included Manager reported, and it’s listed at the bottom: Pythagorean Trading, LLC. (Look that one up lol). + +# InfoTable (List of Shares, Calls, and Puts) + +Here are the first few lines of Melvin Capital Management’s Q1 2021 13F. + +&#x200B; + +https://preview.redd.it/btl460irtrz71.jpg?width=1900&format=pjpg&auto=webp&s=93d631f18e470b54ac187f2ed02bffc62d9baa6e + +**P (Column 1):** Security name, listed once for each type of holding (shares, calls, or puts) and each institutional holder. + +**Q (Column 2):** Class of security is important. COM (common stock) is the most common, while ADR, ADS, or Sponsored ADR/ADS denote a foreign company listed on a domestic exchange. Scanning this column is an easy way to find foreign investments. + +**R (Column 3):** CUSIP is like a company’s social securities number, typically not useful but could clear up confusion if there are similarly named companies or subsidiaries in the filing. + +**S: (Columns 4-6):** I wish the order of these was reversed. If there’s nothing in Column 6 then the line represents shares owned, while calls and puts have the number of shares *worth* of options it represents. I’m no expert on options, but putting together columns 4 and 5 on options lines should yield some info about price. + +Looking at Activision Blizzard calls on the above: $186,000,000 value / 2,000,000 shares = $93/share. + +These were bought sometime in Q1, and $93 is the price Activision was trading at on Feb 4th before gapping up to $103 the next day on the largest green candle of the year. + +That’s a cool $20 million guaranteed because your cabal controls the price of any security they own. + +But I don’t think the calls would be listed if they had been exercised. Either way, $93 is very close to the actual share price at any given point in Q1 so these were likely barely ITM or OTM calls that weren’t exercised. + +Maybe some options wrinklebrains can elaborate. + +**T (Columns 7-8):** Will include a mark if it’s the asset of another manager, and typically will show shared or none in the voting authority column. This is another easy way to separate different holdings, which can lead to interesting insights. + +Now let’s take a look at Citadel’s Q1 13F infotable, which has all of the more complicated things. + +&#x200B; + +https://preview.redd.it/p8i1awpttrz71.jpg?width=1362&format=pjpg&auto=webp&s=d186c8e03effa8ff62d7073d0353adab99924960 + +**U:** We see five entries for the same company, confirmed by the identical CUSIPs. + +**V:** Two pairs of calls and two sets of shares, along with a line of puts. The “1”s mark the other Included Manager on this 13F (Citadel Securities GP, LLC in this case), showing which positions are owned by which companies. One has shares and puts, the other has shares, calls, and puts. + +&#x200B; + +💎🙌🦍💗🚀🌜 + +Whew, ok, I hope that’s given you a good idea of how to find things in 13Fs, and what to look for. + +While we’re at it, let’s take a look at 13G’s, the other common type of ownership form that tells us when funds are buying large stakes in companies. + +# Bonus Section: Reading 13Gs + +According to Investopedia, + +A 13G form is used to report a party's ownership of stock which exceeds 5% of a company's total stock issue. + +I learned something important while researching this DD, which is that a 13G is the same as a 13D but the former is filed “if they acquired securities while doing normal business and they have no intention of influencing control of the issuer.” After I look at the form, I’ll quickly revisit some Voltron DD in light of this discovery to see if I can debunk my own DD. + +If you remember when we got to Melvin’s documents page, we saw a bunch of 13Gs along with the 13F-HR. + +&#x200B; + +https://preview.redd.it/jzofp6nztrz71.jpg?width=1587&format=pjpg&auto=webp&s=be8d5d2b2ad805cae072e56e733d04f9b22d660f + +When you click into one, you see another familiar looking page. + +&#x200B; + +https://preview.redd.it/vtwfcxy0urz71.jpg?width=1501&format=pjpg&auto=webp&s=b45a37e10154c5f0d18b326d556fcc27d4002261 + +**W:** The filing date can be any date (I’m sure there are rules) and so won’t always be in Feb/May/Aug/Nov like 13Fs. + +You can immediately see what company’s stock was purchased here, which might be all you need for certain investigations. + +Finally, there is only one document here rather than the two kinds found in a 13F. Clicking on that document brings us to a page that looks like the following three images. + +&#x200B; + +https://preview.redd.it/9i1eyk52urz71.jpg?width=583&format=pjpg&auto=webp&s=124c2ddb496c76c64cddb29bf785a1c4641352f6 + +**X:** Unlike a 13F, we can see exactly when the shares were purchased that triggered the 13G filing. + +&#x200B; + +https://preview.redd.it/k5h41n93urz71.jpg?width=701&format=pjpg&auto=webp&s=045f0ff3e77f2c37c474e4e0f6ba079edcb0096e + +**Y:** Here we can see the person taking ownership, the number of shares owned, and the % of total company shares this represents (size of stake). + +&#x200B; + +https://preview.redd.it/bophpj94urz71.jpg?width=1182&format=pjpg&auto=webp&s=a45a647a3b8837929c7356bf43589651a33ae6e4 + +**Z:** A lot of times these questions won’t hold any info, but when they show ownership on behalf of another person it can lead to interesting connections. You’ll see this used when an individual sells out a large stake, as well. + +💎🙌🦍💗🚀🌜 + +I hope you find this helpful. I don’t trust third-party sites that deliver data when I can go get the data myself, particularly when they don’t allow connections through VPN. + +I hope this will help you gather or verify information that gets passed around, particularly as this quarter’s 13F season is upon us. I’m new to all this, so hopefully if I’m missing some things you will let me know in the comments! + +guhguh \*pounds chest\* guhguh + +Come on, do it with me Apes. + +guhguh guhguh \*pounds chest\* guhguh + +&#x200B; + +https://preview.redd.it/o27z6xn6urz71.jpg?width=599&format=pjpg&auto=webp&s=a0f364aed9e90f7a90e2d0f8059953d2919b0778 + +MOASS is this week unless it's next week. Have a good one. + +Love, + +Blanderson +There is a lot of buzz around XOM. what does reddit think about it? Is it any good for let's say long term investment. Looking to invest about $500 to $1000. Depending on how confident I get from different sources ofcourse I will do my research as well. But right now I am hearing mixed reviews +https://www.nytimes.com/2019/07/21/us/politics/china-investment-trade-war.html + +WASHINGTON — Growing distrust between the United States and China has slowed the once steady flow of Chinese cash into America, with Chinese investment plummeting by nearly 90 percent since President Trump took office. + +Chinese foreign direct investment in the United States fell to $5.4 billion in 2018 from a peak of $46.5 billion in 2016, a drop of 88 percent, according to data from Rhodium Group, an economic research firm. Preliminary figures through April of this year, which account for investments by mainland Chinese companies, suggested only a modest uptick from last year, with transactions valued at $2.8 billion. + +Chinese investors are also showing less appetite for residential real estate in the United States. Research released recently by the National Association of Realtors found that purchases of homes in America by Chinese buyers declined by 56 percent to $13.4 billion in the year to March. + +Despite the decline, China was still the top foreign buyer of American properties from April 2018 to March 2019. +CONSUMER PRICE INDEX - JUNE 2022 + +The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.3 percent in June on a seasonally adjusted basis after rising 1.0 percent in May, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 9.1 percent before seasonal adjustment. + +The increase was broad-based, with the indexes for gasoline, shelter, and food being the largest contributors. The energy index rose 7.5 percent over the month and contributed nearly half of the all items increase, with the gasoline index rising 11.2 percent and the other major component indexes also rising. The food index rose 1.0 percent in June, as did the food at home index. + +The index for all items less food and energy rose 0.7 percent in June, after increasing 0.6 percent in the preceding two months. While almost all major component indexes increased over the month, the largest contributors were the indexes for shelter, used cars and trucks, medical care, motor vehicle insurance, and new vehicles. The indexes for motor vehicle repair, apparel, household furnishings and operations, and recreation also increased in June. Among the few major component indexes to decline in June were lodging away from home and airline fares. + +**The all items index increased 9.1 percent for the 12 months ending June, the largest 12-month increase since the period ending November 1981.** The all items less food and energy index rose 5.9 percent over the last 12 months. The energy index rose 41.6 percent over the last year, the largest 12-month increase since the period ending April 1980. The food index increased 10.4 percent for the 12-months ending June, the largest 12-month increase since the period ending February 1981. + +[(link to full government cpi report)](https://www.bls.gov/news.release/cpi.nr0.htm) + +&#x200B; + +&#x200B; + +link to other articles.. + +[(Inflation rose 9.1% in June, even more than expected, as price pressures intensify)](https://www.cnbc.com/2022/07/13/inflation-rose-9point1percent-in-june-even-more-than-expected-as-price-pressures-intensify.html) + +[(Dow dips 100 points, stocks gyrate after hot inflation report)](https://www.cnbc.com/2022/07/12/stock-market-futures-open-to-close-news.html) + +[(U.S. inflation rises 9.1% in June, a worse-than-expected increase as prices continue to climb)](https://www.nbcnews.com/business/economy/us-inflation-june-2022-consumer-price-index-rcna37897) + +[(U.S. inflation quickens to 9.1%, amping up U.S. Fed pressure)](https://www.bnnbloomberg.ca/u-s-inflation-quickens-to-9-1-amping-up-u-s-fed-pressure-1.1791297) + +[(United States Inflation Rate)](https://tradingeconomics.com/united-states/inflation-cpi) + +[Fed Could Weigh Historic 100 Basis-Point Hike After Inflation Scorcher](https://www.bnnbloomberg.ca/fed-could-weigh-historic-100-basis-point-hike-after-inflation-scorcher-1.1791397) + +&#x200B; + +and now for something completely different... + +[(fun compilation of Jerome Powell quotes on inflation)](https://www.reddit.com/r/stocks/comments/vy22sy/usa_consumer_price_index_for_june_2022_yearonyear/ifzjxs6/?context=3) thank you [akvarista11](https://www.reddit.com/user/akvarista11/) +Hi All! I live with my girlfriend and we are financially stable had a nice emergency fund built up. We just had to spend $780 to fix my car and probably about the same to fix my girlfriend's car this week. There is still income coming in. I'm kinda just looking for validation that this is the kind of stuff you use an emergency fund for and like it'll be built back up. Any kind words or additional advice would be appreciated. Thanks in advance! +I was scrolling through finviz looking for companies to analyze and noticed that lots of semiconductor companies were making it through my screen all showing very strong surface level stats. Do you think this will be a strong industry in the future and if so what picks do you have in the industry? I know a lot of people talk about intel but I would imagine there is other opportunities as well. +I’ve read over and over about how not to invest in leveraged ETFs for the long term and I understand that if the ETF is based on a volatile benchmark, it’s gains and losses will be exaggerated compared to that benchmark. I also understand they may not always hit their 2x or 3x goal or whatever it is and have higher expense ratios. + +However, if the benchmark is pretty stable, SP500 or Nasdaq for example, why wouldn’t one want to buy and hold a leveraged ETF longer term? Even if it doesn’t hit a 3x goal, wouldn’t it still be more profitable than its tracked fund? + +Take QQQ and TQQQ (3x leveraged) for an example. QQQ is up 241% over the past 5 years. TQQQ is up 1,592% in the same time. + +Or SPY (112%@5y) and SPXL(440%@5y). + +Someone please explain this to me like the idiot I often am why this is a bad idea to buy and hold for longer term investments. + +Edit: I’m adding this edit because a lot of comments seem to imply being over-invested into a leveraged ETF. I never suggested, nor would I, going “all in” on a leveraged ETF. I wouldn’t go all-in on any single fund or stock. Im talking about using an LETF as an element in the portfolio the same as you would any other common stock. Looking at my portfolio, I’m probably over-invested in LETFs right now by being at 13%. I will probably shed off about 4-6% to rebalance into something more stable in the near future. + +Edit 2: LETFs make up about 13% of my play around account, not my whole portfolio. I should clarify that. In looking at my whole portfolio across multiple avenues, LETFs make up less than 2%. +BAM is considering spinning off its asset management business, keeping a majority stake with the parent, which would then trade with the ticker BC. What do you think of this move from the perspective of a shareholder of the parent? +https://imgur.com/a/12FteS3 + +I was wondering if someone can clear this up for me. + +From the image above, source is investopedia for DCF, giving an example. + +I understand that the first colum is stating how much it is expecting the project to generate. For example, years 1 its going to generate 1MM. Same for year 2. Year 3 its going to generate 4MM. (unless im misunderstanding colum 1) + +Now i understand that each of these cash flow are in future value. So if T=0 is 2021, year 3 cashflow of 4MM is in 2025 money. + +What i do NOT understand is column 2. + +To discount from year T=1 to T=0 is simply Cash flow of year 1 divided by (1 + discount rate) + +Yet for the proceeding years this equation doesn't work. I do however get the same value as the image for year 2 if i use the DCF result from year 1. + +So does year 1 DCF value carry over to Year 2? +Just attended a business school seminar with a pretty experienced technical expert (no value background) and he was quite bearish (especially on tech, which I am underexposed). I was somewhat surprised considering his level of experience with the rhetoric he was using. It was very hard to see a silver lining. Now, as I said, this was a technical expert but I asked him what he would say to value investors who believe they already have a margin of safety packed into current investments. He replied "good luck." Since I am a younger investor, I am curious to the more experienced members of the group: what advice would you give to being a value investor during a recession? Any wisdom from 2008? Thanks! +Signature Bank of New York ($SBNY) is a unique bank that was founded in NY by Scott Shay and Joseph DePaolo in 2001 with just 250,000 in assets. The bank is still run by Scott and Joe, but today, the bank has $116 billion in assets and has expanded to over 3 states. + +&nbsp; +&nbsp; +SBNY works differently than most banks as it has no retail banking division and most people have never heard of it. SBNY focuses on the middle market of medium to large-sized companies that want a more personal banking experience. SBNY hires banking teams with experience who bring over their own long-term customers. The bankers have more autonomy and can interact directly with higher management as decision making is decentralized. + +&nbsp; +&nbsp; +This allows it to maintain a superb efficiency ratio of 31% meaning that it has a cost advantage over competitors. A bank’s efficiency ratio is defined as its expenses/(total income – loss reserves), meaning that lower expenses lead to a lower efficiency ratio (a good thing). For example, $BAC has an efficiency ratio of 67%, as it has much more overhead. This means that every $ of total income has a much bigger effect on EPS than it would have at $BAC. This is $SBNY’s moat. + +&nbsp; +&nbsp; +Between 2014 – 2022 EPS has grown from $5.47 to 20.47 while the P/E ratio has shrunk from 21.7 to 7.38 over that same time period. In 8 years, the stock is only up 20%. So what is going on? + +&nbsp; +&nbsp; +&nbsp; +The best way to explain why SBNY’s success is not being recognized by the market is because of a few factors that I will describe here: +&nbsp; +&nbsp; +&nbsp; + + +1. Association with cryptocurrency and declining deposit growth + + * In 2019 SBNY created a unique platform called [Signet](https://www.businesswire.com/news/home/20181204005239/en/Signature-Bank-Unveils-Proprietary-Digital-Payments-Platform-Signet%E2%84%A2), which is a blockchain-based payments platform that operates within the bank itself. For example, if one SBNY account wants to send money to someone else with a SBNY account, they can use Signet to do so and the transfer will clear instantly and without fees. This led to the bank housing many crypto miners, exchanges, and other crypto related customers which led to a huge rise in deposits in 2020-2021, but has resulted in a decline in deposits this year. Decreasing deposits can inhibit future loan growth, which is how banks make money. + +&nbsp; +&nbsp; +2. 35-40% of loans tied to commercial real estate, which if lead to default, can have a disastrous impact on the bank + + * Much of the bank’s deposits are related to commercial real estate in big cities such as New York, which is a risk as its office buildings and other commercial buildings have low occupancy rates post-pandemic and may never return to their former glory. Widespread defaults in commercial real estate can destroy years’ worth of profits and may even become an existential risk. + +&nbsp; +&nbsp; +&nbsp; +Now I will rebuke the bear arguments and explain why I believe SBNY is a great opportunity for a multibagger. +&nbsp; +&nbsp; + +1. Signet has interesting upside potential while drivers for deposit growth are emerging + + + * Signet is the first-of-its-kind intra-bank blockchain payments platform and, while it is only 2 years old, I can envision a future where commercial customers of all kinds can use it to instantaneously transfer large sums of money. For example, a supply chain company may be able to transfer millions of dollars of payments instantaneously upon delivery of goods. + + + * While crypto-based deposits may stagnate and even go down in the near term, new banking divisions may fuel deposit growth over the long term. This year SBNY has hired 12 new banking teams and has started several new banking divisions over the past year including Healthcare Banking. Additionally, the revamped governmental EB5 program allowing another method for wealthy immigrants to become citizens may drive deposit growth. For more info, please listen to the most recent earnings call. + +&nbsp; +&nbsp; +2. SBNY has navigated several crises in the past and its founder-led management has a lot of experience + + + * While I recognize their loan book may be a red flag, I believe there is solace to be had in understanding SBNY’s history. They were one of the only banks in 2008-2009 to not suffer a down year (perhaps due to their lack of residential housing exposure), and they had to navigate another crisis in 2014 when taxi medallions which made up 25% of their loan book fell in value tremendously due to Uber and Lyft. The bank has emerged from those 2 serious crises and grown EPS 4-fold, but the stock price has not followed it. + +&nbsp; +&nbsp; +&nbsp; +In summary, I believe SBNY is being overly punished for the combo of its loan book and its foray into the cryptocurrency arena. A return to its historical multiple would drive 250% returns as the bank has continued to drive EPS growth over the past decade and has multiple drivers to do so into the future. +Very new to picking stocks. Have been trying to follow this sub to learn how to find stocks early. + +Would anyone else currently consider Duluth a potential Value stock? + +I thought of them because I went through a period of time where I was looking for mew boxer briefs, and eventually found Duluth and loved their products. + +Checked out their stock and they are much smaller than I thought, but was hoping to get others comments/opinions. + +Cap = $529 Million +EPS = .90 +PE = 17.68 +EBITDA = 53,823,000 + +They have great cash flow from 2020, Covid had a minimal impact on them because of limited brick and mortar stores. They don’t own their supply chain and contract out their factory production to East Asian countries. + +I’m still unsure of how to adequately research (still reading up) but wanted to get some thoughts on this. + +Thanks ahead of time. +Recently i have come across a few mentions that a portfolio consisting of - among others - Apple, Alphabet and Facebook shares doesn’t qualify as a value portfolio so i wanted to start a discussion on what is considered a value portfolio by this sub. + +According to I[nvestopedia](https://www.investopedia.com/terms/v/valueinvesting.asp) value investing is „\[...\] picking stocks that appear to be trading for less than their intrinsic or book value.“ + +If we use this definition, on which i hope we can all agree on, the core of value investing is trying to determine an intrinsic value for a company and buying their stock when the price is lower than this. + +We can come to an intrinsic value in many ways and they might be highly subjective. For example: How do you value the risk of a company? Volatility? Probability of bankruptcy or maybe you assign each company a subjective risk and evaluate them accordingly? Ontop of that is the future highly uncertain so it is very difficult to come up with future cashflows especially if you have a long time horizon. + +I don’t think a company is necessarilyat a bad value just because their price is high (relative to earnings or book value for example) or they have future growth priced in. As long as you are certain enough oft he future cash flows you came up with (or at least the avereage outcome) and the according risk/reward is acceptable you. + +For example many successful investors (who are considered as value investors) hold stocks like the ones mentioned above (take Buffett as an example), sometimes even bought them at high multiples and had great historic success with them. + +I think we should look at our investment goals and horizons, try to understand businesses we are intrested in buying and make investment decisions according to our investments goals. + +Let me know what you think about it. I've recently tried to move from looking purely at prices of companies and their near term returns (since is is very hard to predict the precise future for 10+ years) more towards looking at companies that were and, in my opinion will be in the future, able to reinvest a good chunk of their earnings at high rates. +Using DCF, the goal is to discount back future cash flows back to present day value, which you can then divide by the outstanding shares to determine a fair value per share, correct? + +What I really don't get is the idea of calculating the terminal value, the terminal rate is a simple enough idea, but if we're talking about summing up cash flows for future years, how can you add up cash flows for "the end of time"? There must be an explicit number of periods, no? + +The sum of all future cash flows growing at a terminal rate still needs an ending period in order to be added up. + +What am I not getting here? +One of the best performing companies in the last decade that is now trading heavily below historical averages and with a superior ROIC. Do you think DPZ is at a good spot right now? Inflation and wage pressures provide short term head winds but long term, I expect these to resolve. Looking to start a position around $300. +I've been looking at ALL recently as a value pick. There are a handful of qualities that I like about this pick. The dividend is always increasing and is easily payable. Valuation measures such as P/E, P/S, EV/EBIT, debt/EBITDA, debt/cash, to name a few, are at attractable levels and are below 5yr averages. The amount of FCF is nice and produces decent returns when doing a DCF. The company focuses on auto and home insurance which will always be needed in the future. In summary. + +Anyways, I am curious how interest rates affect the company. Insurance companies have to keep enough reserves set aside for emergencies. To my knowledge this money is kept in cash and stable investments such as government bonds. I would assume ideally rates would be higher so they yield some sort of return. But at the rates we are at now, how bad is it for these types of companies? At lower rates, the yield is obviously lower, but they don't depend on these returns do they? As rates go back up, the value of the bonds will go down. But, do they even invest in bonds that are long term? In Buffets 2021 letter he mentioned how Geico doesn't have to worry about this because of the cash BRK keeps on hand. + +I'll be researching more into this but hints, new resources, and conversations always help the process! +In other words, what are some of the best ways to put money to work at least a bit while keeping it more or less liquid? + +I've looked into money market funds, which seem hardly better than a high yield savings account in the short term (that's based on minimal research, so feel free to prove me wrong). I've also looked into bond funds, but it seems like the risk might be high enough so as to potentially result in permanent loss of capital if you have to cash in at the last minute to take an opportunity. + +I'm posting here because I've been searching for information on this and almost everywhere the answer seems to be "time in the market beats timing the market" (which isn't actually an answer \*sigh\*). +Home Depot had a significant drop yesterday which pops it up on my radar and has made me think. I believe that with brand recognition, store placement and spread, and the belief that selling construction materials is very difficult to replicate through eComm, I think that HD has a moat that will be very difficult to penetrate outside of Lowes. + +New to value investing so looking for thoughts but punch with kid gloves +I've got a job interview lined up for an equity analyst position for the food and beverages industry - just wondering what kind of interview questions I should anticapate? Any advice? What would be the key factors to look out for when analysing a company in the food and beverages industry? +I have a personal aversion to debt so tend to look for companies that have low to no debt or low debt/equity ratios. But I have been rethinking this because it might indicate that management has missed out on taking advantage of extremely cheap money and now will face higher rates should they need to increase capex. Thoughts? +I have been quietly investing for my nephews. They are getting old enough to understand these things so this year, I would like to buy a share that they could relate to. + +Ideas so far include McDonalds and Disney - brands that they will see over the years. As bond yields are so high right now, I also thought bonds or preference shares but can't really think of any where the kids can think 'wow, I own a stake in this'. + +Any suggestions of what might be down with the kids? +on the balance sheet shareholders equity is obviously calculated as assets-liabilities. however in the section of owners equity treasury stock, retained earnings, paid in capital etc all add up to the same number. can someone explain why this is? thanks in advance. + +Enterprise Value, taken mathematically, is simply the market value of a company , plus debt, minus cash. It is the true cost of purchasing a company outright. What is the advantage of a company with a negative enterprise value? The advantage is that a person could, under this scenario, buy all of the shares of the company, pay off the debt, and then have extra money. This is useful in merger-and-acquisitions especially. + + +Personally, I prefer enterprise value over market value. Here is why. In the concept of Value Investing, one must not see a stock as mere pieces of paper; but, rather, as a portion of a business. When one purchases shares in the business, they are, in effect, owners of said business. The person who invests should determine how much they are willing to pay for a company. If one can buy a company for free – especially one that allocates capital well – that company should be bought. + + +Here is an example of how enterprise value factors into a regular stock. As of March 2, 2022, the market value of Coca-Cola (KO) is $271.62 billion. That means that the market has valued the company as being worth that amount. The enterprise value of KO, however, is $298.76 billion. This is because the debt outweighs the cash by $27.14 billion. From a deep value standpoint, I would not be as likely to buy KO because it costs more to purchase and acquire than what the market is valuing is; so from the get-go, one would lose a little bit of their investment. In the case of Coca-Cola, it is a company with a significant moat. However, a person focused on acquiring a company, would be less likely to buy Coca-Cola if it means paying a premium compared to market value. + + +Some companies trade so low that the enterprise value outweighs the market value. Take, for example, my investment in Ayro in January of 2022. Why would I invest into a company that in 2020 had lost $10.8 million? Because the company had a negative enterprise value of $32.65 million. In other words, all of the company’s shares could have been bought, the debt could have been paid for; and, the investor would still have $32.65 million left over to run the company with. It is free money, it seems. The only downside is that few people have the means to buy the company outright; but still, it is usually that in these cases, said stock would experience a “hiccup” in price and temporarily increase; a cigar-butt investment, if you will. + + +In short, enterprise value is a great way to value a company. +So my fiancee and I are moving at the end of the month. I spent the majority of my day off today getting utilities set up and our gas/electric company (we only have 1 option out here) said we would need a $250 deposit to set up service at the new address. This seemed..like a lot to me, as current customers with no history of missed or late payments, I had no idea why this was. The lady on the phone said it was because of my credit score which seemed...odd. I was angry, but I didn't yell, I took a deep breath and said thank you and hung up. + +I called back after lunch and spoke to a manager, I was calm and collected and explained everything, she looked up my account and confirmed I had over 2 years of solid, on time payments and there should be no issue, except we were moving from an apartment to a house so the first person I spoke to was setting it up as a new account, this requiring a credit check, thus the deposit required. The manager waived the fee, and made sure our account was transferred over so our good payment history would also carry. She thanked me for my time and asked me to have a good day. + +I know from my time in customer service I'm always willing to help out when someone is calm and friendly as opposed to yelling and screaming at me, so I took my own advice here. $250 was an obscene amount of money for us, but because I took the time to call back, be friendly, and speak to a manager, we got it cleared up. + +Never be afraid to ask, the worst they can say is no. +Good Morning Apes! + +Some pretty exciting news popped up last night and I wanted to share it and give u/yelyah2 a big shoutout for this amazing work. + +[Large GME Delta Sensitivity Spike](https://www.reddit.com/r/Superstonk/comments/rd0fcl/large_gme_delta_sensitivity_spike_ever_happening/) + +[These proceed large movement in the price as the options market is not realizing the same value as the underlying. Credit to u\/yelyah2 for this chart. ](https://preview.redd.it/2upnq6mzyp481.png?width=1353&format=png&auto=webp&s=04b52bd9798c6f3a4cdaa2387aa14bf43db8a2c4) + +This is where we are on my current predicted cycle with last years cycle overlaid in white. + +[From MOASS the Trilogy](https://preview.redd.it/g4yqtkga3q481.png?width=2385&format=png&auto=webp&s=877a354716a6fc069f4911c178f865b0920f3d0f) + +This delta sensitivity spike coincides with my predictions for Dec.17th and January 21 T+2 exposure windows as this same spike was also seen last year before the run in January. + +This data is even more relevant because it is coming after my DD on these gamma exposure and FTD windows. + +Sure it may mean nothing but it sure as shit confirms my bias and jacques le titties. + +If you would like to see my take on the effectiveness of options and their importance to MOASS + +[Options and DRS](https://youtu.be/tReNorPwDCM) + +Make sure to check out [MOASS the Trilogy](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/) for a better idea on this theory. + +Video on my current theory... [talk with Houston Wade here explaining my current theory](https://www.youtube.com/watch?v=mntHdNqltkw) + +For more information on my futures theory please check out the [clips on my YouTube channel](https://www.youtube.com/c/PickleFinancial/playlists). + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(you can save these links in case reddit goes down) + +>I also want to put this here for anybody who feels that I am somehow deceiving apes into funneling me their money. Front and center where it cannot be missed. +> +>*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and want to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be* ***free to everyone***\*.\* +> +>You can use ad-block while watching my channel to ensure that I receive no ad-revenue from your views or visits. I do not post donation links in this sub or on my reddit profile per the rules of this subreddit. All of my content is free to view in this manner and it will ensure that I receive no compensation. + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +Not a lot to speak on pretty flat all day due to large put volume a lot of that sold off near the end of the day releasing the hedge and the price rose into close up 2% and green on the day. Next week will start to get interesting as we approach the next exposure window on the 21/22/23. + +A lot of people were asking about the SEC document I read on stream earlier here it is. + +[https://www.docdroid.net/OEIwf25/s71615-60-pdf](https://www.docdroid.net/OEIwf25/s71615-60-pdf) + +Thanks for tuning in, see you Monday! + +\- Gherkinit + +https://preview.redd.it/oksakp2h6s481.png?width=761&format=png&auto=webp&s=5204578639a1e7f4007faa91e3f43e1392281eda + +Edit 2 12:38 + +Sitting on this floor at 150, the next real support to the downside is 143 and we haven't seen those levels since Mar/Apr, options interest is still high keeping volume up. + +https://preview.redd.it/q5cqasdn4r481.png?width=1485&format=png&auto=webp&s=78299177ce114fa917e2b26b7a8c4d1452a95448 + +Edit 1 + +Morning spike and then more put contracts coming in, they definitely want to keep this way below max pain this week. + +https://preview.redd.it/ikwtpw3ejq481.png?width=1473&format=png&auto=webp&s=525f18cd5499675f914b480b0fa2e8e20e095027 + +# Pre-Market Analysis + +GME having a decent pre-market up 1.77% and already testing 160. Historically GME's dips into this range do not last long retail and institutional buy pressure are high and options interest peaks. If my current analysis of the GME situation is correct, then we may not see prices this low for quite some time, presenting excellent opportunity to average down positions. + +Volume: 38.10 + +Shares to Borrow: + +IBKR - 150,000 @ 0.5% (350,000 borrowed this morning) + +Fidelity - 879,132 @ 0.75% + +[GME pre-market 1 min chart](https://preview.redd.it/bxxchk314q481.png?width=1480&format=png&auto=webp&s=6e6929147c038d919799604492f427c833dc1ced) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +**The Golden Ratio** + +Some of you may not know about Fibonacci ratios but that's ok. I will not overcomplicate this post and you don't need to be a TA expert to understand it. + +Suffice to say, these ratios, particularly what's referred to as the golden ratio (1.618), aren't limited to TA, but ubiquitous in all nature and cosmos. + +Fans of The Da Vinci Code will remember Professor Langton explaining how mathematics and art collide via the 'golden ratio.' + +The golden ratio is sometimes called the "divine proportion," because of its frequency in the natural world. Space-time itself is defined by this mathematical constant. Naturally, we humans are somehow programmed to act in accordance with this ratio in everything we do. + +**Golden Ratio in Bitcoin** + +Bitcoin's price action right now is following the exact same pattern that it did in 2013 and 2017. Let's take a look. These charts are very easy to follow, + +[First big run, new ATH and correction to 1.618 \(2011-2013\)](https://preview.redd.it/btz4233otdc71.png?width=1558&format=png&auto=webp&s=5e202930c48f7ed3ac3e6a9c200fe3b47e3960f2) + +[Same pattern \(2013-2017\)](https://preview.redd.it/0a89pscutdc71.png?width=1558&format=png&auto=webp&s=2bcf184dc809a8695e9202ff0749e9f92233ca02) + +[Unerringly rhythmical \(2017-2021\)](https://preview.redd.it/w443ztdxtdc71.png?width=1559&format=png&auto=webp&s=ff4d1b5aeb6c793e396a177e9b95959452859c58) + +When Steve Wozniak called Bitcoin a mathematical miracle, he wasn't kidding. Whatever makes the price action so unerringly rhythmical this way between halving cycles can be empirically analyzed by humans similar to the patterns in nature but never fully understood. + +It once again begs the question if Mathematics was invented or discovered. + +I was already super excited 3 years ago to observe whether the same pattern would play out again. To see it play out exactly the same way (so far) is nothing short of spine-chilling. + +You can check out the two pinned posts on my profile. + +In February 2018, when everyone was panicking, I pointed out that we would go back to 19k and beyond in the next cycle. + +Back then, I hadn't yet analyzed the price action this closely but I knew the quadrennial cycles. + +Then in December last year, I called for $100k before the end of 2021 which I still stand by. + +Similar to my prediction in 2018, I understand that this may be too optimistic to imagine right at this moment. + +In my personal opinion, it's very likely that 29k turns out to be the bottom for this correction phase. + +But you should of course DYOR. +Hi all, I sublet a room from an agency and pay around $370 per week (for 1 room in 3 bhk in Sydney) which includes bills. Rent was $320 until last month and they increased it by $50 citing increase in market rate. I didn’t argue or negotiate. Today they’ve sent me an invoice saying that we’ve crossed our allowed limit for gas and electricty usage and need to pay extra. I’ve lived in this place for about a year and this is the first time I’ve heard about it. I’ve asked for contract where this additional charge is mentioned, and will also ask for bills from the gas/electricity provider. +I wanted to ask if it’s even legal to do it? What are my options as I don’t want to just sit idle while they keep on taking advantage? PS. They’re saying the total usage for this month was $260 ($160- electricity, $100 gas). We use ac frequently, does this sound like right amount? +*EDIT: I just wanted to thank all of you so much for your help. Since I made the post I've filed my tax return myself and lodged it, so there's $1900 coming from that. I've also called the bank and told them I can do $1900. They've split the amount owing and placed it onto future fortnights - with the overtime and the tax return coming, I'm confident I can zero the arrears in a month or less. I also went through some things and decided to sell, of all things, Pokemon cards. I made over $600 selling 34 cards, which is now in the Paypal -> bank account limbo.* + +*I also went through my pantry and found 1.5kg of rice, 1kg of spaghetti, a few cans of SPC spaghetti, and a few other staples. I plan on going to the shops and stocking up on cans of tuna (1/2 price special), some spices, curry paste, eggs, frozen veggies and a bag of beans and grabbing a stack of takeaway containers so I can fire up the rice cooker and fill my freezer.* + +*Even if all that was said was a shake-by-the-shoulders reality check, I really appreciate it. Thank you all so very much!* + +A couple months back I had to have surgery to remove my gallbladder. This was done privately, but there was still a significant gap that I had to pay to multiple doctors. This depleted my savings. + +All of these medical bills have been paid, but due to these bills and having been off work for a fortnight to recover, I’ve fallen behind on my mortgage and as of now am in arrears by about $3800. + +I’ve already contacted the lender and let them know of my issues (BankWest) and they set up a payment plan to get me caught up. This plan is $2050 paid per fortnight. I can do that for this fortnight... but it’ll put me down to about $10 in the bank, and about $200 on my credit card. I’ll have to live off this for 2 weeks. + +Needless to say, I’m panicking. + +Save your lectures about how badly I’m managing money. I’m aware, and I want to change it. But I can’t implement a plan for *anything* until I’ve fixed the arrears on the mortgage. + +I don’t know what my options are, but I only need enough to survive this fortnight. + +I cannot draw from Super because I am still employed. (Not that I would, it seems like a bad idea) + +Using things like Nimble sounds ridiculously stupid. + +I can’t lodge my tax return because I don’t have the money to pay the accountant, and that money is 2 weeks away at least. + +Aside from selling things, I don’t know what to do. I’m hoping someone here has been in a similar situation and has dug themselves out. +Hi all, just wondering if people here have encountered this decision before. I’d like to buy a $500k-$700k apartment in 1-2 years and am tossing up between holding onto my ETFs and buying with a ~5-10% deposit or selling a significant chunk of my portfolio to get up to a 20% deposit. + +I’m currently saving around $3k per month, which is all going into Vanguard ETFs at this stage, but I may start moving more of that into savings now. + +I haven’t historically viewed my ETFs as a savings mechanism for a property purchase, but it is tempting to sell up to avoid the LMI and then rebuild my portfolio after buying it. + +My stats: + +Status: first home buyer + +Income: ~$120k + super + +ETFs: ~$60k Vanguard ETFs (VAS/VGS) + +FHSSS: $25.5k (after depositing $30k this FY and last - aiming to increase to $45k / $50k depending on purchase timeline) + +Cash: $35k ($10k rainy day fund, $10k deposit savings, $15k ready to go for next FHSSS deposit in July) + +Savings per month: $3k + +Debts: just HECS +Hello all, first time poster, long time lurker. + +Is anyone else on here a barefoot blueprint member? I was shocked to receive the email yesterday and be notified it is closing down in 12 months. + +The service has been extremelly valuable to me. As a blue collar worker, the share insights and general financial advice have made/saved me a small fortune over the last 7 years. + +The Blueprint closing does leave me in a sticky situation. I have 8 of the stocks recommended, and Scott and Mikes valuations/company updates were my barometer of how the companies are performing. I'm not sure if I should take my gains and invest them into more index funds now that I've lost my most reliable analytical resource. I'm not sophisticated enough to analyze them myself. + +Any thoughts/comments would be appreciated. +My dad recently died and as his executor of his estate I have to file his final tax return. The problem is he has been self employed working in construction for the past 40 years and never filed his taxes. He doesn't even have invoices or receipts for anything. + +How do I go about doing his final taxes? + +The only things he owns are 2 dogs, his truck, his tools, and has a checking account with a few grand in it. He lived paycheck to paycheck for many years. No retirement savings and I think he has some medical debt, as he hasn't had health insurance for the past 5 years. + +I understand that there will be nothing left in the estate considering he owes substantially more than what he has, so that's not a problem. But I have no idea how to go about reporting his income last year to the IRS. + +Thank you for your advice. +Hello. I used to live in a small city in northern India. My father passed away and my mother only makes $50 per month. So i moved to NCR (national capital region). I somehow got a job for $489 per month. + +Now, I rented a studio apartment for $130. I have an $50 EMI to pay every month. I have no savings what so ever. I want to save enough so that i can support my mother and sustain my self. I am a spendthrift. In my defense, i was born in a lower middle-class family and i never saw any luxury. Now that i can afford a little bit of it. i find it hard to resist. + +I would really appreciate any tips and suggestions. All advice is welcome. +I apologize if i have made any mistake. I am new here so please go easy on me. + +Edit: Thank you all for such a response. I never expected this. I really appreciate it. +Make sure to join our Discord, we have a dedicated channel for this hearing where members can discuss it. [https://discord.gg/wallstreetbetsnew](https://discord.gg/wallstreetbetsnew) +I instantly hit him with “I’m not a financial advisors but this is what I’d do....” + +Hello everyone. First time posting here and I’ll keep it simple. My father told me he’s got more cash on hand now than he has every and doesn’t know what to do with it. He’s a physician so his income has been solid. He sold two rental properties. With both those things being said he told me he has $100,000 sitting around in a savings account. + +He plans on retiring in 5 years at the age of 65. I suggested setting up a dividend portfolio that he could DRIP the next five years and eventually have a nice return/dividend income. He told me he didn’t to be too risky so I suggested ETFs. + +This is what I came up... + +500 VYM +200 O +200 QYLD +200 BND +200 HNDL +200 MO (because I like this stock) + +If anyone has time to provide helpful insight, that would be great! +What are folks buying during the dip? Who has been getting hit worse than others? I don't think we've quite seen the bottom of this one but I do love when stocks "go on sale. " +Human emotions and much of the decision making process is hard wired into our brains, developed for survival on African savannahs some 100,000 years ago. We adapted to movement, learning to take decisions quickly because there were literally life and death situations in forests. + +While those survival instincts are useful in general, when translated to a modern investment world, they make us prone to all sorts of errors. There are 2 parts of a human brain:- **the emotional one & the logical one**. Let’s call them X & Y respectively. **The default response to anything is from the X -system. The X-system is much older, evolutionarily speaking, than the parts of the Y-system.** The X-system response is based on similarity, familiarity and proximity(in time). **Most of the human decisions are still made via the X-system, because it is the brain’s short cut answer to everything.** + +Investors also function through the X-system which is the default mode of the brain in any panic situation in the markets. **The Y-system doesn’t even kick in panic situations because the evolution has made us learn to respond via X-system in any kind of danger/panic/unknown situation.** + +This explains a lot about the investing decisions of a vast majority of investors and I will talk about all these mental/behavioral biases in upcoming posts. + +One of the world’s greatest investors, Warren Buffett has also said that investors need to control their X-system in order to succeed. **“Success in investing doesn't correlate with IQ. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people in trouble in investing.”** + +Some of the common behavioral biases are **Anchoring bias, Confirmatory Bias, Endowment Effect, Sunk-cost Bias and Loss Aversion**. Understanding each of these biases is immensely useful for any investor and I would be posting about each of these biases by sharing some personal experiences with these biases in my own investment journey. + +Thanks for your time :) +Why isn't everyone everywhere jumping on the zim ship?? 48 percent dividend ??? So after Israelis taxes you make around 4 dollars a share 4 times a year .. on a 46 dollar stock .. why isn't this the talk of the reddit +Hello everyone, I have a few more questions. I have invested about $2500 in the stock market. Half of my stock are in growth stocks and the other half are in dividends. Right now I am holding Honeywell and Apple which are my main sources for dividends. My question is, How do I approach taxes when I am receiving dividends? I know there are accounts I can have to stop paying as much but I don’t know anything about Roth Ira‘s or which I would benefit from. I want to keep reinvesting my dividends gain more growth over time but I don’t want to be taxed out the ass by doing so. Thanks for any help ! +I don’t check the sub one day and my sister tells me I should check it out and all I see is stuff on additional borrowed shares and something with fidelity and another company I’ve never heard of telling us about the short interest… can someone give me a 411??! Is this ortex? Company with us??? +I was setting up a fraud alert because of the recent Equifax data breach, and I meant to do the 90-day alert and did the one-year "active duty" fraud alert by mistake. I am not a military member. Do I need to fix this, and if so, how? + +Edit: I see [here](http://www.experian.com/blogs/ask-experian/removing-active-duty-alert/) how to remove the alert, but is there a need to? Can I get in trouble for using it when I'm not military? + +Edit to add resolution: I called Experian, and it took about 30 minutes to find a phone number-phone tree combination that would actually get me to a human being. Then it took literally another 22 minutes of being on hold (high call volumes right now with the data breach). Then I had a very pleasant 30-second conversation with Tim, who told me to just keep the "active duty" alert, that it was not an issue at all, and to simply let them know if I needed the fraud alert removed before the year was up. So! My karmic slate is officially clean, people! No stolen valor for me! +We are here because we are poor, and we don't want to be. There are, mathematically, only 2 ways out of poverty: increase your income, and/or reduce spending. + +A lot of us came here from r/personalfinance because all they were advising was reduce spending, and most of us are already in monk mode, zero fun mode, life is hellish why do I bother mode. Cut back on spending any more and we'll snap. + +So, my primary advice to anyone seeking help here is: **increase your income**. The best time to look for another job is when you already have a job. Start now. Look passively. Work on your resume. It's an employee's market in the US in general right now. Trades are good. CDL is good. Construction, usually good. Don't be afraid to find something better. + +I know, you're thinking, "that's not specific enough to be helpful to me!" I'll talk more about specifics in later posts, right now it's about a mindset. **Unless you're already making good money, you can't save your way to wealth.** + +Now, here's why pf advocates cutting back, almost exclusively. If you increase your weekly income, say from $500 to $800, you're not really getting an extra $300. First, it will be payroll taxed. Then, when you spend it, there will be sales tax. It may even move you into a higher tax bracket. If you work harder to make an extra $300, you might only be getting $250 of it. However, if you cut back your expenses by $300, that whole $300 is available for your budget now, no tax funny business. + +This is why my advice is be frugal whenever possible, but most importantly look to increase your income until you actually can start saving. And once you start making more, don't spend more! But that's a concern for later. +Welcome back, fellow apes. + +We continue with the second part. + +&#x200B; + +You can find the other parts here: + +[Part 1](https://www.reddit.com/r/Superstonk/comments/yyj1gz/german_dd_research_on_cmequity_ag_and_all_ftx/) + +&#x200B; + +[Part 3](https://www.reddit.com/r/Superstonk/comments/yykns2/german_dd_research_on_cmequity_ag_and_all_ftx/) + +&#x200B; + +# FTX Switzerland GmbH + +CHE- CHE-268.689.958 + +previous company names: Canco GmbH (until 01/20/2012) Crypto Lawyers GmbH (until 02/08/19) K&G Lawyers For International Business And Tax Law GmbH (until 02/04/2019). + +Legal form: GmbH (equivalent to LLC) + +Date of registration: 06/15/2018 by Max Hartmut Alexander Rhotert and Ukaj Ernest + +Address: Churerstrasse 135, 8808 Pfäffikon, Switzerland + +Managing Director: Jürg Bavaud + +Other important names: Ukaj Ernest, Rhotert Max + +Company address: same “office building” as FTX Certificates GmbH and FTX Europe GmbH. + +&#x200B; + +History and network of the company: (new company, managing director leading several other companies, company was renamed few times --> suspicious): + +[ History and network FTX Switzerland GmbH](https://preview.redd.it/50ma0mtefp0a1.png?width=605&format=png&auto=webp&s=431a5ccc120279be913181dfba877ca7d203b5f0) + +Again same people here. + +# + +# FTX General Partners AG + +CHE-313.215.416 + +previous company name: General Partners AG + +legal form: GmbH (equivalent to LLC) + +Date of registration: 07/01/2020 + +Address: Churerstrasse 135, 8808 Pfäffikon, Switzerland + +Managing director: Jürg Bavaud, Max Rhotert + +Other important names: Ernest Ukaj + +Company address: same “office building” as all the other Swiss FTX companies + +&#x200B; + +History and network of the company: (new company, managing director leading several other companies --> suspicious): + +&#x200B; + +[History and network FTX General Partners AG](https://preview.redd.it/av1j25mpfp0a1.png?width=605&format=png&auto=webp&s=8711911342c9d036e45640d7e2a13bec3aa8294f) + +Same names repeatedly. + +&#x200B; + +# FTX Derivatives Ltd + +CHE-153.425.864 + +previous company name: Digital Derivatives GmbH (until 04/08/2022) + +legal form: GmbH (equivalent to LLC) + +Date of registration: 10/09/2020 by Crypto Lawyers GmbH and Ernest Ukaj + +Address: Churerstrasse 135, 8808 Pfäffikon, Switzerland + +Managing Director: Jürg Bavaud + +Other important names: Ernest Ukaj + +Company address: same “office building” as all other Swiss FTX companies. + +&#x200B; + +History and network of the company: (new company, managing director leading several other companies, --> suspicious): + +[History and network FTX Derivatives Ltd](https://preview.redd.it/kwluo29wfp0a1.png?width=605&format=png&auto=webp&s=7d523fdf441dc5974668da9f85b98c022218e5f6) + +Ok, at this point it gets a bit confusing. On website northdata.de, where I get my information about companies, the following publication was displayed, without further information: + +[Connection to Binance Deutschland GmbH & Co. KG](https://preview.redd.it/8v2sx411gp0a1.png?width=605&format=png&auto=webp&s=562c08e7cb5d1064f3ae643d0e245970de97bbb2) + +Since this whole drama on twitter over Binance and FTX, I was particularly interested in this entry, especially since the date of 10/20/2022 is just some weeks before CZ's pivotal tweets, which he posted on 11/6/2012. + +&#x200B; + +[CZ Tweet on 11\/06\/2022](https://preview.redd.it/gc0vnoi7gp0a1.png?width=459&format=png&auto=webp&s=d18ef9a510395b6e9cdfe4bb421ec2b5e4aea2d8) + +[LINK CZ Tweet](https://twitter.com/cz_binance/status/1589283421704290306) + +"BINANCE DEUTSCHLAND GMBH & CO. KG" is registered in Germany, therefore I went back to [https://www.handelsregister.de/](https://www.handelsregister.de/%20) to gather more details. I downloaded all 8 available PDFs and read through them. + +&#x200B; + +Unfortunately, I can't link the PDFs here, because the files must be downloaded from Handelsregister website. But you can look it up yourself via the search. Documents are in German only. + +Since there is a connection between these companies, we will also include this Binance subsidiary in this research. + +&#x200B; + +# BINANCE DEUTSCHLAND GMBH & CO. KG + +HRA 205838 District Court of Hanover + +previously HRA 737027 District Court of Stuttgart + +legal form: GmbH & Co. KG (limited liability company & limited partnership) [Explanation](https://www.firma.de/en/company-formation/what-is-a-gmbh-co-kg-limited-liability-company-limited-partnership/) + +Date of registration: 08/26/2020 by JP Process Systems GmbH and Johannes Omari as limited partner + +Address: Kampsriede 6 A, 30659 Hannover, Germany + +Managing Director: Roland Christian Grieße + +&#x200B; + +I will provide the important screenshots from this document with translation. + +**Doc Nr.1: 08/06/2020:** + +[ Doc Nr.1](https://preview.redd.it/fxsp75tugp0a1.png?width=359&format=png&auto=webp&s=860d94fa6d8d990b8bafdd3b5a865fded4348372) + +Registering of BINANCE DEUTSCHLAND GMBH & CO. KG. + +**Doc Nr.2: 05/28/2021:** + +[Doc Nr.2\/1](https://preview.redd.it/ufz2vjp9hp0a1.png?width=605&format=png&auto=webp&s=c426e2e5b5f1b0e0d54ea854e5488aa05f1d122e) + +[Doc Nr.2\/2](https://preview.redd.it/wr0ps1iahp0a1.png?width=605&format=png&auto=webp&s=a4947318a5446e90ce97fe02f1d04cdf43040759) + +&#x200B; + +If I understand it correct this document tells us that the Company Digital Derivatives GmbH (later renamed to FTX Derivatives Ltd) was registered by Crypto Lawyers GmbH (later renamed to FTX Switzerland GmbH) and Ukaj Ernest. + +Ok, but why is this document located in register portal of BINANCE DEUTSCHLAND GMBH & CO. KG?? + +&#x200B; + +**Doc Nr.3: 06/10/2021:** + +[Doc Nr.3\/1](https://preview.redd.it/jy6sisikhp0a1.png?width=945&format=png&auto=webp&s=bee05f726a11320588ed27061c8678b4510ecd92) + +&#x200B; + +Limited partner Johannes Omari has left the company. He has transferred his limited partnership contribution of 100€ to Digital Derivatives GmbH (later renamed to FTX Derivatives Ltd) + +[Doc Nr.3\/2](https://preview.redd.it/s0zfxwjohp0a1.png?width=437&format=png&auto=webp&s=33bc38a5fa597c8090c12c23a918ee49b86c2e0b) + +Document signed by Omari and Ukaj + +Since this date FTX Derivatives Ltd was the limited partner of BINANCE DEUTSCHLAND GMBH & CO. KG. + +&#x200B; + +**Doc Nr.4: 09/11/2021** + +[Doc Nr.4\/1](https://preview.redd.it/twe1uh5vhp0a1.png?width=605&format=png&auto=webp&s=39f507963888d50689a7303e570ed12906be6588) + +Its again the same process: Limited partner Johannes Omari has left the company. He has transferred his limited partnership contribution of 100€ to Digital Derivatives GmbH (later renamed to FTX Derivatives Ltd) + +But this time it is signed by Dr. Roland Grieße 5 months after Omari already left the company?? + +[Doc Nr.4\/2](https://preview.redd.it/pekulzx2ip0a1.png?width=257&format=png&auto=webp&s=440b519f7e47579a7e59d6627f17e0b19ff9718c) + +**Doc Nr.5: 06/03/2022** + +Next one is change of Company’s address from Tübingen to Hannover. I skip the standard text and add only signatures here. + +&#x200B; + +[Doc Nr.5](https://preview.redd.it/o6kqw85aip0a1.png?width=381&format=png&auto=webp&s=543470e08cca082163cab026ea970d68ea59ad88) + +&#x200B; + +Signed by JP Process Systems GmbH and FTX Derivatives GmbH + +&#x200B; + +**Doc Nr.6: 06/27/2022** + +[Doc Nr.6](https://preview.redd.it/yrbjb8dfip0a1.png?width=605&format=png&auto=webp&s=4e8ff1a4421074831fe2c80137b4cfa9b3d4bee3) + +&#x200B; + +Translation: + +I, the undersigned Notary Peter Baumgarte in Hanover, hereby certify in accordance with + +§ 21 BNotO based on the inspection carried out on June 3, 2022, of the electronic + +register of the Canton of Schwyz under company number CHE-153.425.864, that there + +FTX Derivatives GmbH with its registered office in Freienbach (previously: Herisau) and Mr. Max Rhotert as chairman of the management board with power of representation and that were also registered on June 3, 2022. + +&#x200B; + +I guess this is a notary confirmation of FTX Derivatives GmbH registry on an request from Binance. Max ist that guy again who is manager of FTX Trading GmbH in Germany. + +&#x200B; + +**Doc Nr.7: 09/30/2022:** + +[Doc Nr.7\/1](https://preview.redd.it/mk453atpjp0a1.png?width=605&format=png&auto=webp&s=49cd4b5edef70013fcffdb32359382f811e6dc8b) + +[Doc Nr.7\/2](https://preview.redd.it/381dnearjp0a1.png?width=605&format=png&auto=webp&s=85aaf8924eb8083ad257f34dc4f26f6d7ce8b17b) + +I guess that is just an updated registry document of FTX Derivates GmbH + +**Doc Nr.8: 10/12/2022:** + +[Doc Nr.8\/1](https://preview.redd.it/p5dqn8kfkp0a1.png?width=586&format=png&auto=webp&s=e608d5aaa23e84606a608f0bf1bfa4c04c6527f4) + +Translation: + +We, the undersigned, hereby apply for registration in the commercial register: + +FTX Derivatives GmbH as limited partner has left the company. + +[Doc Nr.8\/2](https://preview.redd.it/zvoxa1o8lp0a1.png?width=590&format=png&auto=webp&s=06c3c91fc915cf68b1297338e14f3aa1f033e91b) + +I understand this document as removing FTX Derivatives GmbH from BINANCE DEUTSCHLAND GMBH & CO. KG. + +&#x200B; + +\~3 weeks after this document was signed CZ tweeted his escalating FTX tweet. + +&#x200B; + +That was a lot of Documents, but I want to provide this to you and maybe someone can figure out why there is a connection between FTX and Bincance. + +Have these guys started so many shell companies and it was just a coincidence that one of them was used by FTX and the other by Binance without the intention of being involved into each other or is it a purposive connection? + +At this point, the maximum number of possible images has been reached. Please continue here in third part: + +[Part 3](https://www.reddit.com/r/Superstonk/comments/yykns2/german_dd_research_on_cmequity_ag_and_all_ftx/) +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. +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. +There is a point where once you have $X million (and this number will vary from person to person based on their age, expenses, and obligations) where you could make some much lower risk trades and earn X% per year to pay your bills. Probably, right? + +If you have your $X million number and just wanted to earn a low single-digit percent to pay for your bills, how would you do it? + +e.g. Would you sell deep OTM puts and deep OTM covered calls against your share positions? + +What would you do to earn X%? + +Note: Let's assume the amount you have is multiple millions of dollars but not massive (so something under $10 million). If it's too big, you could just hold $10,000,000 in VIG, for example, let the shares appreciate but still draw $149k a year from the current 1.49% dividend. + +I'd be interested in hearing how people would find a way to once they get $X million be able to retire and just live off of investment income. +Dear Thetas + +recently got lucky with some calls (thanks to u/yourboymilt) and have a rather comfortable "problem" ...I don't know what stock to wheel next. + +Currently I'm wheeling about 60k in different stocks but it's quite tech heavy (because I know them best and know what I am willing to hold if assigned). + +Now it's time to explore new shore of other industries/sectors. But where should I head? So I thought time to ask my fellow thetas here for recommendations to look at and do my own dd. + +Which stock would you choose for a CSP with 10k?(i am not afraid of more risky plays but I am not a hardcore gambler and will do my own dd before investing) + +**Edit 03/13: Wow, awesome input. Way more than expected. Thanks Thetas! Really helpful and kind of you :) Time to look into some of those companies (I think I need more money. those 10k won't be enough once digging into those companies)** +Recently discovered this sub and this is my first post...it's likely this has been mentioned but sharing it anyways. Obviously, meme and squeeze stocks have much higher IV and thus premium. This is well known, as is the risk involved in them. Fast to rise, fast to dump. So how do you take advantage with minimal risk? Long dated csps! I've been selling January 2022 csps on GME and RKT during the squeezes. + +Normally one would sell csps a few strikes out of the money, but not with these. You go far far out of the money, as in prices it is very unlikely you will be assigned. This isn't worth a lot with close dates, but when you push that date far out you can see silly results. + +One of my favorites, is a batch of GME 10p jan 2022 I sold for 3.5 or so each. It has been about a month and they are worth 1.5 per. That's a 20% return on the maint req in a month. For transparency, I also have 15, 20, 30 and 50p open. The higher the strike, the more the risk obviously. The super low strikes are a fantastic low risk way to park money that I'm not comfortable being risky with, but still want serious returns. + +Slightly more risky, I sold jan 2022 rkt 20p for 3+ per, when the stock was around 40. Rkt has since dumped to 25ish, and despite the puts being so much closer to itm, I'm still green on those. With it consistently staying around 20 prior to this beast quarter and announced buybacks, I think its pretty unlikely to go under 20. I'll be looking for an exit at 1.5 per or so in the next couple of weeks. + +&#x200B; + +To really illustrate the power of IV. When gme first hit 150, I sold 50p April for 16 per. When gamestop ran to the 300s and bounced around, the value of those puts ran up to almost 30 per if I remember correctly...despite being twice as far from being itm. I didn't break even on that one until after the stock was in the 40s. IV loss brought the price down so far that even in the money, the put was worth less than when I sold it. + +Second example - GME January 2023 10p went for $6+ per on multiple occasions, so your max loss is 4 dollars per share, max return is 60%. Very briefly it hit $13 dollars per, meaning it was impossible to not make money. Price history from TOS: [https://imgur.com/U2TRzqt](https://imgur.com/U2TRzqt) + +&#x200B; + +&#x200B; + +Quick note, you still need to be comfortable owning the stock at the given price in case of black swan events, and you should not do this on stocks with a risk of bankruptcy. +Serious question, I’m relatively new so I could be missing something. But aren’t most traders assigned level 2 when they start out? It seems like everywhere and everyone recommends trading spreads for beginners, but you need level 3 options for that. Am I just on the wrong platform, or is level 3 just so easy to get that everyone giving advice just assumes everyone has level 3? +Hey ThetaGang! + +I am a mathematician, and I have built a free option pricing model. This model uses a probability amplitude derived from a wave function. This carries scientific merit because both the price of an asset, and the position of an electron, both exist as probabilities. + +My preliminary research shows that this model is fantastic at finding price inefficiencies. + +I would like to hear feedback! + +You can play around with this tool here, [https://www.vicarisi.com/quantumMechanics](https://www.vicarisi.com/quantumMechanics) + +Further Reading: [https://medium.com/engineer-quant/black-scholes-a-quantum-perspective-dcb61344094a](https://medium.com/engineer-quant/black-scholes-a-quantum-perspective-dcb61344094a) + +https://preview.redd.it/wue99zntxdr61.png?width=386&format=png&auto=webp&s=25ab8cf20c59af537d6765f5acb83e8578524edf + +https://preview.redd.it/7e47i4otxdr61.png?width=386&format=png&auto=webp&s=6fd140b0b7293ded6a3c13826484af3998a61413 + +https://preview.redd.it/owqks1otxdr61.png?width=394&format=png&auto=webp&s=44ed28005fb9c1d67ccb296a9aef6a68a8de68fc + +https://preview.redd.it/xi6eyzntxdr61.png?width=384&format=png&auto=webp&s=de5c6e2ecde5b192223486ee18916eff481f640d +I got a bloodbath on some of my long holdings that had decent profit over last 5-10 yr. NFLX being one of them. Lately even minor miss or reduced forecast trigger 20+ % PA down. I have other good stocks that I don’t want to sell yet mostly due to tax liability. How do you protect your long term or wheeled CC during quarterly ERs. Buying puts? +So I am a fully blind person who uses a screen reader and every bitcoin wallet I have downloaded (Bitcoin QT, Multibit, Armory) are inaccessible to my screenreader. + + +This is making me very annoyed as I am a bitcoin supporter and I have acquired my own bitcoin I just cant god damn use them with out getting help from someone else. +Multibit +Is a java based wallet and as such, could have easily been made accessible if the Java accessibility JDk were included from the start. If we want bitcoin to truly be successful, this has to be dealt with. Any ideas outhere + in the readit ethos?? + +Oh and by the way, when I signed up for readit, I had to fill in a visual captia (which I had to get someone to help me) and as if that was not enough, for posting in this readit forum, I have to get someone to help me fill in another visual captia before I submit. I was going to donate some bitcoin to this forum, but obviously that is a little bit hard when I cannot even really access my bitcoins from my wallet. Kind of makes me not wan to donate now. + +Does anybody know of a wallet that would be accessible to screenreaders? + + yIf there is not one, does any one know a developer that would take some time to build or develop one? I am sure it would not be all that hard if lets say an open source, java based wallet were redeveloped to include the accessibility JDK/API. + +Thanks ' + +Okay I am going to append a couple of comments to this if I can figure it out: + +first thanks for the amazing response! + + +Second, although I have been creeping the Readit Bitcoin forums for a while, I have never actually posted or interacted and have only been a member for a couple of days so I am a bit clueless as to how to engage the forum and I think I actually posted this same post (above) a fewe times by accident (sorry). + +So in response to to some of the comments in general, I am a marginally technically capable blind screen reader user, and as such do not mind spending the time to learn anyway that will help me access the bitcoin technology. That being said, part of the reasoning behind making wallets accessible is so that people who are not technically inclined ( blind or not blind) will be able to more readily access Bitcoins and as such, adoption and uptake will be more fricktionless making the technology more appealing. accessibility for the blind and usability for the sighted are two sides of the same coin in that one compliments the other. + + +in term terms of the braille suggestions, I am interested, however I only started learning braille recently and I am only in grade one as I have been blind for only five years, so I have a ways to go in that regard. + + + + + + + + + + + + + +Hello traders and hodlers, I'm creating a long-term portfolio with the intention of hodl'ing all coins within. I have a little more research to do before finalising it, but essentially I really align with and support the projects behind each of the coins I've chosen and foresee a possibility they could each go big. + +Apart from Bitcoin. **I KNOW** that it's going to the moon right now. **I KNOW** that it's becoming known as a 'gold standard' crypto and I don't see it ever going away. I support what it represents as the first big crypto, but I don't find it as exciting as the other projects I'm wanting to invest in. + +Not putting 20% of my portfolio into BTC means I can put more into the others, but would excluding BTC from my portfolio be a terrible idea from an investment point of view? + +20% - Bitcoin | 20% - Ether | 15% - IOTA | 15% - Maidsafe | 10% - Mysterium | 10% - OmiseGo | 10% - Golem + +EDIT: Forgot to add the portfolio *headdesk* + +I trade quite frequently on Bittrex and currently have all 10k of my portfolio on Bittrex. Is it safe to leave it in their wallets? I do have 2FA set up, but was still skeptical. +Bear with me, this is complex: + +I know when I retire I can take 25% tax-free hard cash into my back pocket. + +What I have recently found out is that 25% (of funds that are tax free) doesn't have to be in 1, big lump right at the start. Alternatively it can be taken in separate chunks over years - with each 'chunk' only having 75% as taxable. + +So, now to the maths. + +Imagine I have a pension pot of £400,000, and a remaining mortgage of £100,000 .. being charged at 2% interest a year. + +Traditional logic says 'Take out your full 25% tax free thing, pay off your mortgage with it, go for a celebratory pint'. + +But that's saving me 2% .. or £2000 of interest per year. + +Now what I'm thinking is - £100,000 staying IN my pension, invested in the stock market is on average going to get me 10% ... it's gonna get me £10,000 a year on average .. 5 blimin' times the amount paying mortgage-man would get me. + +This is called .. UFPLS + +https://www.unbiased.co.uk/life/pensions-retirement/what-is-an-uncrystallised-funds-pension-lump-sum-ufpls + + + +So my question is -- what I am missing? Why on earth would anyone pay off their mortgage at <2% interest rather than keep the money earning - in any of the billion places that pay massively > 2% ?!?! often 5 times that amount? + +It seems so obvious, but everyone screams at me '_obviously take the full 25% tax free straight away mate_' as if I'd be mental not to ??? I feel I must be missing some critical bit of information or something? It can't be simply all about risk? As even any old non-risky stuff beats 2% or 1.7% or whatever?! +Washington rushed to pump the American economy with emergency-style medicine in recent years -- even though there was no emergency in sight. Now, there really is a national emergency. And there's a growing realization that Washington blew through a chunk of its recession-fighting ammo long before it was needed. + +https://www.cnn.com/2020/03/18/business/recession-deficit-federal-reserve-coronavirus/index.html +How financially savvy do you think our generation is? do your friends talk about finance or know about investing? + +Heard about this research where Gen Z is more financially savvy than the previous generations but knowing all my friends, majority of them don't know much about investing and tbh waste a lot of their money. + +None of my friends care about it but to note that I live in a relatively low-socioeconomic/middle class area so our parents never talked about the stock market or on how to invest. + +Interested to see other opinions/experiences +Im am uni student just moved out and living in a granny flat and my landlord wants me to pay in cash and fornighlty when the agreement states banks transfer weekly. + +Moreover if some of you smart people can explain to me. I started renting on the 20th of Feb and the two weeks deposit will mean I start paying on the 6th for the following week/fornighlty. But they insist that my rent will pay for Saturday - friday (6 days ) not Saturday to Saturday ( 7days). + +Furthermore I'm supposed to be receiving rent assistance as I applied for it along with my youth allowance and it was all fine from centerlink as I made sure to follow up. But it looks like it was cancelled from the landlord side ? Since he wants to keep it ok the down low and not pay tax since he was pushing for me to pay cash which was not I'm the agreement. + +Any input would be helpful to me, this community has helped me so much ! +He told me that the tax benefits of salary sacrifice aren't really effective until you can drop in to the next lowest tax bracket. But I thought we had progressive tax brackets, and that all that matters is the amount you choose to sacrifice. + +So my understanding is that if I sacrifice $5,000, my taxable income will be lowered from $77k to $72k (excepting things like concessional tax rates) and I'll pay $3,572 plus 32.5c for every dollar over $37k. But he told me there's no point tax-wise unless I can get down to the $37k bracket. + +Is he correct? For context, he works for the super fund my company uses so this was a free appointment. +I have seen a lot of top calling in the last week or a lot of reference to the fact that the market will definitely top after OPEX this week. Maybe it does, maybe it doesn't. But FWIW, here is what I am seeing...figured I would share what I can see. + +Below is a screen shot of the entire options market Top 50 by premium at the end of the day. Do you see any red (which would denote puts controlled tickers)? Nope...just some neutral tickers at best. + +[Top 50 Options By Premium Size Color Coded by Call\/Neutral\/Put](https://preview.redd.it/pgc37isvzet61.png?width=1906&format=png&auto=webp&s=2da0f7a9bfc982767e8e0369a448561b0477d1ee) + +Now look at just Index ETFs...ok...a little more neutral...with SPY the overwhelming premium on the day by size. + +[Top 50 ETFs Options By Premium Size Color Coded by Call\/Neutral\/Put](https://preview.redd.it/qfgtx2730ft61.png?width=1906&format=png&auto=webp&s=3037edb27a9722a0691e81e72820d4a7dc353387) + +Now what about the Top 50 individual stocks by premium on the day (and remember that Indexes are just baskets of individual stocks)...what do they look like? Ummm...not one put driven ticker... + +[Top 50 Stocks Option By Premium Size Color Coded by Call\/Neutral\/Put](https://preview.redd.it/tmz3yk3a0ft61.png?width=1906&format=png&auto=webp&s=02430466dc375227d6eb7d52f81b67fc83565d1b) + +How about Momo stocks? ...looks like all calls all day + +[Top 50 Momentum Stock Options By Premium Size Color Coded by Call\/Neutral\/Put](https://preview.redd.it/e7aniwst0ft61.png?width=1906&format=png&auto=webp&s=6b203010ba2937a653f60ba705443eeb14838f86) + +Small caps? Diamond hands here... + +[Top 50 Small Caps\/IWM Index Options By Premium Size Color Coded by Call\/Neutral\/Put](https://preview.redd.it/h8f8n76y0ft61.png?width=1906&format=png&auto=webp&s=28e2dbdd7d8b5ff7f607315d667d40a8514fb5b7) + +FAANGs? ...nothing to see here either...all calls all day + +[FAANGs](https://preview.redd.it/a7u8cos31ft61.png?width=1906&format=png&auto=webp&s=eed1c6f0bd82c8c1de97956f0d220dedc8673a76) + +Even digging into Amazon ... what about inside it by strike and premium that are the largest on the day? NOPE...all calls for the most part + +[Top 50 Strikes inside AMAZON by premium ](https://preview.redd.it/4ahhlaw51ft61.png?width=1906&format=png&auto=webp&s=9edf0ee0f7511b46bd6da506426365ccbd3e364a) + +Semiconductors? Nope...nothing here but calls either... + +[Entire Semiconductor sector](https://preview.redd.it/efo05x1g1ft61.png?width=1906&format=png&auto=webp&s=d24126c7b0480b3939d274cb12190584c8413e87) + +So effectively unless I am missing something...most of the largest and most liquid names in the market are in continuing to be dominated by call buying right now. But let's just check one more thing before we call it a day - the actual $VIX (not the proxy ETNs)...maybe there is something there... + +NOPE. Looks like over $116m in premium changed hands with put buying (short vol) still in control. + +[The entire VIX index \(the major VIX index\) By Premium Size Color Coded by Call\/Neutral\/Put](https://preview.redd.it/h0jjjkv32ft61.png?width=1906&format=png&auto=webp&s=2def95132518a7535b4cf1c1f631fa22fe3991f5) + +Unless/until the above starts to look a little different, its very hard to entertain any kind of top even beginning to form. Things can change in an instant in life, but ultimately, the current options positioning at the end of the day is just not showing us anything like a top. + +If/when I see something change...I will definitely share...until then unless you see volatility shift, the markets will keep selling what has just run to buy what has just sold off - rinse and repeat. +Reading your guys' advice for those wanting a credit card without a credit history lead me in signing up for MSE's Credit Club to compare and apply for one. + +I wasn't really expecting much coz of everyone's stories about their first credit card (lower credit limit, rewards etc.), but I was shocked to see that I was given high chances of approval for credit cards that most people were saying to be too 'early' to get. + +I applied for Amex's Platinum Cashback Everyday Credit Card (80% chance). After I completed my registration, I was instantly approved and was given an £8,000 credit limit. + +I told my parents about this and they were happy suspicious in a way like they felt it was too good to be true, but yeah I double checked: it was the official site, received a confirmation email and everything. But holy fuck did it caught them off guard. + +What could be the reason for this? The only thing I've done that might be a plus is my signing up to the electoral roll 1 year ago. My salary's only £18k as an apprentice. + +TL;DR: Approved for a credit card/credit limit I have no business of having. Just 18k salary. Why, any catch? +Obviously I’d like to DMOR. But if anyone has some valuable picks they’d like to suggest, I think this could be a beneficial thread. Team work makes the dream work. +The Dow is about 1,6% on the red side and the S&P about the same. I see too many people suddenly panicking and selling their stocks, especially in tech. And not just any tech stocks, the gold boys of the subreddit: Microsoft and Apple! We’ve talked a lot in this subreddit how these companies are great long term plays with good upside, yet I see a surprising amount of people starting to wonder if they should sell their tech stocks. + +For those who are thinking of selling today, I want you to go back to that date when you bought the stock, whatever stock it was. Ask yourself: ”Why did I buy this stock?” + +Then ask yourself: ”Has the situation changed?” Do you still see the same qualities that made you invest in the company? + +If you see the same qualities that you saw at the start, continue what you are doing. There’s no reason to sell the stock, right? If anything, buy more! + +Stick to your original strategy. I’d just keep doing that DCA and buy the dips. Today is a great day to do that. Don’t worry. + +Edit: Thanks for the upvotes and awards! +Hey, r/fatFIRE. Long time lurker, first time (throwaway) poster. + +I need your advice. + +I'm a married 31M (no kids) with a [net worth of $8M](https://imgur.com/jMZ5qvI), having sold my company a few years back. We own a home in the northeast worth $2.5M and have \~$800K equity in it, with a mortgage payment of about $8,500. The rest of our money is in an S&P500 fund. With a pretty cushy lifestyle, we spend about $13,000/month (including the mortgage). And to prevent a worst-case-scenario, we have an umbrella policy for $5M. + +I'm recently unemployed, having quit my job due to burnout after grueling years to get my business off the ground. While I'm technically FatFire'd, I don't have any hobbies and get bored pretty quickly, so I see myself, perhaps reluctantly, returning to the workforce in a year or so. In the meantime, my wife still works (salary of $150k), as she loves her job, and so we're insured from her job. + +Anyone have any advice for me? Investing ideas? Career advice? Soul searching techniques? Am I missing any blindspots? + +I realize I'm in an incredible spot in life, and while I want to enjoy that, I feel like I'm at a crossroads and would love the guidance of this sub to give me their "if I were FatFire'd in my 30s, I'd do xyz..." +I read a reddit post that scared the crap out of me. + +Someone said they were going to commit suicide tonight. I hope it was a stupid joke and not real. Fingers crossed they do not commit suicide if its true. + +This being said, I also hope you stupid trolls calling mtgox victims names such as idiots and stupid stop and think about what you say. You name calling of people who have suffered enough these past few weeks is not helping anything. + +Stop trying to be cool and smarter than everyone and think that your actions/words have real consequences to those that may be fragile right now. + +Grow up, this is real life, not school. + +Have something constructive to say for a change. + + + + +I purchased a used vehicle on Saturday from a dealership. I traded in a lease which was about to end, and put $10K down towards the purchase and financed $19K at 1.89%. I just got a call from the finance office telling me they calculated the sales taxes wrong on the contract because I traded in a lease, and I owe them an additional $1,500. What's my recourse here? Do I have to pay them? I have all the carbon copies of the contracts signed by myself and the finance manager. Thanks in advance for any help. + +Edit: So, this blew up. Thanks everyone for the advice and information (and gold!). I don't think there's anything malicious going here, I think they just fucked up and are trying to recoup their mistake. I talked to my boss about it and he's got calls out to some of our clients who are lawyers or work on the financial side of car dealerships. I'm going to wait to hear back from them directly before I make any contact with the dealership. I will post an update once I do. + +And for those of you wondering, I traded in a 2013 A4 lease for a 2013 Q5. I went to this particular dealership because they had the specific car I wanted. Also, it's not $1,500 exactly - he just said "around" that amount in the voicemail. +So I noticed a few posts that say they're selling their crypto or taking profits. Doesn't feel right. Feels like someone rich and powerful wants the little guy to sell his crypto on the cheap so they can buy it all up. + +Anyone notice this? + +Edit: Just to be clear, I'm not against anyone taking profits, that's the whole point in investing IMO. It just seems like there's more posts about selling than usual. + +Edit 2: The top post on Reddit right now is about selling and the user u/AmishMagic is 1 month old and has just this one post which got upvoted to hell. And we all know upvote bots are active on Reddit. + +Edit 4; This post is getting down voted hard +WHAT IF the Longs have been keeping the price sideways for the last couple of weeks to keep the IV low so that Shitadel wouldn't make a lot of money from options premiums? + +WHAT IF the Longs didn't fight the price dip today because they are no longer concerned with decreasing volatility to keep the IV low? + +WHAT IF the Longs actually want the IV to increase this week to discourage purchasing of call options because the options are at a max strike of $430 unlike all of the previous weeks when the max strike was as high as $800 and there were a shit ton more OI? + +WHAT IF today's price drop, increased volatility, increased IV and premiums, decreased purchasing of call options, max strike @ $430, decreased total OI, reduced impact of mooning price from all call options coming ITM... all signaled that the MOASS is imminent? + +This is all just pure speculation on my part as I think of one possibility in a universe of infinite possibilities. + +Edit: what was notable for me today wasn't the massive short attack on the price. They do that shit everyday and it's to be expected. What was notable was that, unlike everyday for the past couple of weeks, the price did not recover (usually immediately or at least by the end of the day). Why didn't the Longs correct the dip? Why didn't they fight back like they have everyday before this? I thought of this scenario as a possible reason why. + +Edit 2: some comments have asked the reasoning behind why having call options now with a max strike @ $430 is more beneficial than the previous weeks when the max strike was @ $800. This is based on the belief that all parties want to control this shit show as much as possible and try to control an uncontrollable demolition, which goes along with the belief that for the same reason the MOASS is trying to be contained until new rules are in place to make the inevitable chaos more orderly. This is actually not my original thought and I give credit to u/Coachbonk for this in his DD: [https://www.reddit.com/r/Superstonk/comments/n1703r/this\_week\_is\_not\_the\_weekbut\_these\_next\_few\_are/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n1703r/this_week_is_not_the_weekbut_these_next_few_are/?utm_source=share&utm_medium=web2x&context=3) +Everyone's got a crypto "If Only" story, so let's hear them. I have two... + +&#x200B; + +**Story 1 - Dash** + +Firstly, I had 2717 Dash coins back in September 2015. They were worth about $2.40 each back then. + +During the bull run of December 2017, Dash peaked around $1500 per coin. + +DO THE MATH. + +What did I do with the coins? Well it's simple. They were stored on [Cryptsy.com](https://Cryptsy.com), that got hacked in 2015. + +That bull run hurt me, a lot. + +&#x200B; + +**Story 2 - Dogecoin** + +This one doesn't hurt as much for some reason, perhaps it should? + +I used to mine Dogecoin back in 2014. Had a bunch of PCs all mining away. Used to buy some too. + +At one point I had a wallet with 20,000,000 doge in. + +Sold the lot as for Litecoin I think, as back then Doge wasn't really worth much and didn't have anything seemingly going for it. A single Dogecoin was worth about $0.00022. + +DO THE MATH. + +&#x200B; + +&#x200B; + +**Anyone beat them?** +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 +Ticker: ABML + +> American Battery Technology Company (ABTC), is pleased to share it has entered into a contract to purchase 8 acres of land near Sparks, Nevada. The property is located in the Tahoe-Reno Industrial Center (TRIC) and close to Tesla's Gigafactory. The new land acquisition provides the Company additional flexibility in building out facilities required to store and recycle lithium batteries. + + +This is notable as the press release from ABML name drops Tesla. Unless there was an actual connection any company alluding to ties would get sued. This comes after yesterday’s presentation at the Wall Street Conference and 6 days before their pilot plant permit is set to be approved. + +Best price to get in IMO: Anything under $2 + +https://irdirect.net/prviewer/release_only/id/4718177 +My wife and I have always wanted to live in the country and now that we're empty nesters we found and purchased the perfect land that's about 45 minutes outside of our major (midwest US) city. It's well over 100 acres with a private lake and we're planning to build a home that's around $2m. I know this doesn't seem overly excessive, but in the entire county that we're moving to I can't find a single home that's valued over $500k, so we will definitely be "those people" when we build and move out there. We're paying cash for everything and it's going to be our forever home so we have no concerns about the resale or appreciation issues. + +I've been struggling to find people to talk to about this, but I'm genuinely concerned about issues related to being "those people" in a community like this. We're not trying to impress anyone or be anything special, but we've always dreamed of doing this and worked really hard to make it happen. I'm curious if any of you are further down the road in a similar situation. Have you run into any issues? Has the community accepted you, or are you outcasts? +New technology that increases production costs is a positive for society. But a decrease in the overall price level stemming from an fall in aggregate demand is a bad thing. +Supply and Demand - We can agree that it's pretty much a rule, right? + +From my eyes we have 2 sides of the economic argument, and we're trying to decide who gets the incentive be it tax breaks or what have you. + +One seems to argue that it's a Demand side issue. There isn't enough demand for products, so we need to give the larger incentive to the masses to go out and purchase more widgets. + +The other seems to be arguing for the Supply side. If we give the incentive to the few who create jobs, they'll hire people to produce widgets, and those people will then go out and buy said widgets. + +The problem that I see is that as a business owner, I can hire someone today to produce widgets, but if my widgets aren't selling because the rest of the nation is reeling from the economic downturn and I don't sell enough widgets I'm out that person's salary and the storage cost of my overproduction of widgets. That makes me not want to hire said person and simply pocket the extra for when the demand comes back. + +However, If my widgets were selling out like they did before the downturn, I know that I'd HAVE to hire another person to produce my widgets. + +Doesn't this kind of sink the supply side argument? +Not to be political but based on the current "mindset" of what appears to be the masses, I am hopeful that everyone will buy, DRS, and hodl so everyone can achieve their goals. I believe a lot of us are in a similar position where we are tired of the current corruption and exclusivity of the current politics. Which is extremely ironic considering it is supposed to be inclusive. We just want to enjoy life and be left alone. I simply want to able to do my own thing and have enough F\*\*\* you money so I don't have to partake fully in society if I don't want to. I probably sound like the Unabomber but I swear it isn't like that. LOL + +Buy, DRS, and hodl. + +edit: Maybe Apes should start our own city in Wyoming or Montana....Ask for DRS proof before you can move in. +Luckily we have no real debt, we have about 150k equity in our home and no investments or savings to speak of. I’m stressed beyond belief and everything in my life along with my mental health is being affected. I can either keep the house or sell it, she doesn’t want it but she does want her share of the equity. I can either refinance and pay her off, or sell it and pay a years rent somewhere and coast for a year with odd jobs and gig work. + +The second option is really attractive to me, I’m close to quitting my job already but I also don’t want to completely mess myself up. +Assuming you have plenty of money going into savings and are building for a retirement anyway, I wonder if there's ever a reason not to. + +For me, I get 0 benefit up front with an IRA. I exceed the income limit to benefit from a Roth IRA and can't deduct any contributions made through a IRA. + +But the thing is if I put that $6K into a taxable account, all the dividend is taxed, not to mention if I have to sell / shift my portfolio - any gains are taxed. But putting it in a traditional IRA, I don't get the deduction but I can freely reinvest my dividend. + +Am I missing something? + +I should add I already max my 401K. + +Updated: I decided to just eat the tax and convert to Roth so that subsequent years, I can freely backdoor w/o additional tax burden. Hopefully the backdoor stays around but knowing my luck, it'll be gone next year... +Market tanked, lots of red. What did you do? Lessons learned? Especially interested in people that held through or bought the mega dip. + +Wish I would've put a bunch in right after the crash but I was in college. +Hi, I don’t have any specific skills after getting redundant. I’m looking to use the money to either build up some skills or invest the money. But this is not enough for me to buy an apartment…. And the stock market is so high that I don’t know what I could invest. + +I want to get some basic job like working in a bakery or cafe but then I’m nervous about me being too old to learn new stuff (I’m dealing some level of anxiety lately). + +Please advise. Thanks. +[DTCC Twitter](https://twitter.com/The_DTCC) + +[Today I ask:](https://twitter.com/Jabarumba/status/1519307787956002816) .@The_DTCC Does #DTCC realize settlements on the blockchain, technology exists now, would change T+X to T-instant? Meaning a public facing blockchain of $GME #GME would display all (short) data in real time. Transparency would eliminate the need for SROs like the DTCC. #DRSGME +Help a noob out here. What was the significance of GME's closing price above 320 today? I understand that all the 320 options were ITM, and now shares will have to be bought up. What happens between now, AH and Monday? +Why is there always a market when I want to buy or sell shares? + +What if I want to buy 1000 shares if a company and there aren’t that many for sale? + +Likewise when I sell shares why is there always ‘someone’ willing to buy them? When I sell my shares at that instant in time who is actually buying them at that price? +[Full Article](https://www.msn.com/en-us/money/markets/the-fed-is-draining-the-stock-market-and-even-the-healthy-fish-will-die-billionaire-investor-barry-sternlicht-says/ar-AA12TeMt?cvid=ddc238a7735d488ba4a5a1bc7b94d191) + + + +The Fed's scramble to hike rates and kill off inflation is draining the stock market, Barry Sternlicht said on Tuesday, warning that even the "healthy fish" would die as the economy and liquidity start to shrink. + +In an interview with [Bloomberg](https://www.youtube.com/watch?v=3fihP3VfdOE), the chairman and CEO of Starwood Capital criticized the Fed for its delayed response to tackling inflation and over-liquid market conditions. Soaring prices have finally prompted the central bank to issue aggressive rate hikes and begin shrinking its balance sheet this year – but the rapid pace of tightening could easily send the economy into a recession, economists have warned. + + "Powell is unbelievably late doing this. He sat still while the meme stock craze was going," Sternlicht said, adding that the belated reaction could kill off investors' gains across the entire market. + + "There were really smart things that people did, and there were smart fish in the pond. And there were stupid things people did and they were idiot investments. … So you thought the healthy fish would survive and the sick fish would die. But the Fed is draining the entire pond, so everyone's going to die," he said.  + + Sternlicht added that the Fed could be overtightening the economy by basing rate hikes on the Consumer Price Index, which remains well above the 2% inflation target. But that index lags behind the economy by around 18 months, experts have said, meaning the central bank could be basing its rate-hike decisions on outdated information — and it risks screeching the economy into a downturn. + +Currently, the Fed expects to keep hiking until it hits a terminal rate of 4.6%. That's more than a full percentage point above the current fed funds rate, and it could mean the central bank is set to hammer the economy, costing "millions" of jobs around the world, he said. + +"I just get so angry when people say the Fed needs credibility to fight inflation. Wait. You'll get what you want. You'll get this recession; it's definitely coming." + +But despite anticipated market volatility, he noted long-term investment opportunities could be coming to the surface, as stocks will eventually be discounted and some will be poised to rebound.  + +"I am personally looking for opportunities that I think represent incredibly compelling long-term investments, and I think you're beginning to see them," Sternlicht added. +I want to get a new car estimated at $36,800 I have no credit yet and I have time to save for a down payment before the car hits dealerships I've found that I have approximately $500 dollars every first and fifteenth left over if I just pay bills and eat at the food hall on base (marine) I can cut wants out like WiFi which I only pay $50 a month. My problem here is whether or not to lease it for say $400 with a 12000 miles a year or finance it for 60 months for roughly $460 what should I do? +The last time the ticker was this low was over 5 years ago in July 2017 when it hit a low of $33.74. + +There seems to be two camps for INTC, those that are buying on the hopes they can reclaim dominance over AMD, and those that think they are done. +It seems that historically the market crashes every 10-20 years, with minor bubbles in between. 87,2001,2008. + +Unfortunately during the last crash I was just getting out of college and looking for work so I had no money to invest. Since then I have invested successfully in a few companies as well as made a few bad decisions. Nothing apocalyptic but I'd be lying if I said my results were fantastic. + +Right now I would say I have maybe 35% of my cash invested. The rest is making pretty much nothing which I realize is bad. However, going on my current belief that much of the market appears to be overvalued (I concede I may be wrong) would it make sense to hold off on some investments until another crash happens? + +Looking back on 2008-2009. Picking up almost any major stock around 2010 would have at least doubled if not quintupled your money. But if say had invested in 2006 then most of those gains would have just been coming back to even. I guess I don't want to get in a situation where I am investing at the peak, but I also realize I may be leaving profit and gains on the table right now. + +If anyone has any good suggestions/criticisms or articles to read on any strategy let me know. If this was colossally misinformed, well fuck. My bad. +I’m a high school senior and have my final semester to intern. Most Seniors pick low effort jobs or stay where they work, some even work for their parents. I am attending CU Boulder next Fall to get a real estate major (not sure if necessary but I have opportunity to get degree with minimal debt.) I want to gain insight on what the job is really like and see if I can see myself doing this full time.I My counselor is setting me up with a successful residential brokerage firm in a neighboring upper-middle class town. + +What can I expect from this experience? Is the experience worthwhile + +Edit: I welcome anybody to reach out if they have any recommendations or would like to connect. Thank you for all the helpful comments. + +TL;DR: High school senior interning at firm, what can I expect? +I've been reading and listening to bigger pockets a lot and it seems like the main focus is on BRRRR. I'm hesitant to do BRRRR for a couple of different reasons. 1) because I have a full time job so it's harder for me to do the ground work it takes to find the deals required to pull BRRRR off successfully,, 2) I don't have the capital or connects to raise capital to pay cash for properties, and 3) I will be investing out of state and doing BRRRR out of state feels extremely risky. What are some alternative real estate investing strategies besides BRRRR for a real estate investor that will want to scale up to 10 properties in 5-10 years? I could just rely on my savings from my W2 to buy homes but I'll only be able to purchase 1 a year. +My wife and I have been discussing jumping into the world of REI for sometime now. I have been analyzing out of state deals (we live in a hot market) and have found a some properties over the last month that I think are great properties to get our feet wet. Unfortunately we have not pulled the trigger yet, I feel as if we over analyze each property and the financials to the point where we talk ourselves out of it. How long did you research before you bought your first property? Any tips or suggestions on how to take the leap? +I am looking into purchasing property from sheriff sales. I am currently considering properties being sold under HOA liens. Anyone has experience and can provide some useful resources or advice? I am doing a lot of research but still have some questions. I am looking to better understand the following: +How do you verify if property is classified as homestead for the redemption period verification? Is it based on tax statement under exemptions? +There is a 2 year redemption period for homestead, who has the liability to pay property taxes during that period? +What happens if there is a mortgage, and the owner does not pay within the redemption period? +Is there a way to check the current mortgage balance? +Is there a different risk that I need to be aware of as it relates to HOA lien which is different from tax lien? +Thanks in advance! +Good morning, here's my gap watch list: + +Gap Ups: BNTX, DPHC, FDX, GMHI, HCAC, LEN, MRSN, SAVA, SGEN, SGMS, TRIL , TRNE, UPS, VXRT. ZYME + +Gap Downs: PTON, + +I posted a new video a few days ago about Gaps, here's the link if you missed it: [Gaps And Why They are Important To day Trading](https://www.youtube.com/watch?v=mnWDa7GECuQ) + +Hope everyone had a good weekend, now it's back to business. Market sold off again Friday, nothing extreme, just some more profit taking, nothing to be alarmed about. Right now both the SPY and the QQQ are sitting right on top of the 50 day moving average which should act as some sort of support.The 9 ema and 20 ma are overhead now so we are kind of stuck in between short and intermediate term moving averages. This may or may not result in choppy trading, just depends on the sentement of the market. Is this a quick dip, or a dip that takes longer to heal/base before making it's next move? only time will tell. It is best to keep all these daily levels in check so we know where we have the best chance when placing trades. Good luck out there. + +\*I do not add stocks under $5 to this list. If there is a stock that is under $5 here then it was above $5 when I added it\* + +\*\*This is not my complete watch list\*\* +# Trading is Simple but Definitely Not Easy + +The other day I commented on a post that asked whether it was [realistic to make $1k per day with a $125k account.](https://www.reddit.com/r/Daytrading/comments/y60ev5/with_125k_to_invest_is_it_realistic_to_make_1k_a/) The math was rather simple: how many R's per month does that equal when risking 1% of your account per trade. + +[Using Risk-Multiples to standardize trading goals](https://preview.redd.it/vb8awwncllu91.png?width=352&format=png&auto=webp&s=c3efe378444ac2f11fde6231adb8c550f2710913) + +I proceeded to list various reward-to-risk/win-rate combinations that would return 20-25R over 50 a trade sample size. + +[A few possible ways to return 20-25R over 50 trades](https://preview.redd.it/ilmb5uhdllu91.png?width=289&format=png&auto=webp&s=8d9cbcdbc5e8589d5b8f4845dc86e7a59831b053) + +As some people noted, **achieving these results is much more difficult than it looks.** They are absolutely correct! Trading, at its core, is rather simple. But it's definitely not easy. + +The above calculations assume that you **have a proven edge.** You know—a strategy that has been back-tested and forward-tested through various market conditions and results in a positive expectancy over a large sample size. Without an edge, these numbers are pie-in-the-sky figures. **Magical mathematics.** + +# I Want to Speak to the Risk Manager + +I'm sure everybody has heard that [a trader's number one job is to manage risk](https://www.reddit.com/r/Daytrading/comments/wdpwy9/a_traders_number_one_job_is_to_manage_risk/)**.** What does that mean exactly? At a bare minimum, managing risk involves controlling your losses through the use of stops—either with hard orders or mental rules that dictate when to exit a trade. + +What else does a Risk Manager do? Well, another responsibility of the competent Manager is to properly size trades based on the above stop loss. Doing so mitigates the drawdown impact that each losing trade will have on your capital (rule of thumb is to **risk max 1% of your account per trade**). + +The final component of a **basic trade plan** is to set a reasonable profit target. Similar to executing stops, you can take profit with limit orders or by intuitively reading price action. There are countless ways to manage a position once you are in a trade, such as scaling out, all-or-nothing, trailing, etc. + +Regardless of whether you are a mechanical or discretionary trader, **your overall performance can be quantified through statistics.** The two most popular benchmarks are reward-to-risk (R2R) and win-rate (i.e., accuracy). One is meaningless without the other—more on that below. It's safe to assume that everybody with a brokerage account is tracking this data, right? + +# Forecasting: A Key Component of a Trading Business Plan + +If you walk into a bank today and ask for a loan, they will most certainly request to see a business plan. **Day trading is no different.** Which markets will you trade? Which setups? How much will you risk per trade? Max drawdown per day? Per Week? What sort of returns are you aiming for per month? Projections next quarter? Etc. etc. A lot goes into a Trading Business Plan—it is **a roadmap to help keep you oriented and to measure performance** (great topic for another day). + +To be honest, it was surprising to see my comment from above blow up the way it did. I had assumed that basic concepts such as Risk-Multiples, Reward-to-Risk, and Win-Rate were common knowledge. These stats are vital to the trading Business Model; we are **mini casino owners/operators** after all (i.e., the house and not patrons). + +[Big ask from a rando online haha](https://preview.redd.it/qp95lrzwolu91.png?width=690&format=png&auto=webp&s=023375b2dd6e39c42b60b995026dc12f20acdf52) + +Enough rambling! I've created the following [spreadsheet](https://docs.google.com/spreadsheets/d/e/2PACX-1vRTppt1UHLl9GX1nGEWIw6raAVwguMhwfqzeW8zRHJ8qXMRd__yKGS0wNiQWpOfTaRFjJ0sgoKJGvRz/pub?output=xlsx) with some **very basic Risk Management calculations.** It is fully compatible with Google Sheets if you upload the .xlsx file and save as. + +# The Spreadsheet + +The first tab, **R2R**, is a simple table which shows the hypothetical returns for any given combination of reward-to-risk and win-rate, over *n* trades. For example, **at 2 R2R and 50% accuracy**, you can expect to make 50R after 100 trades. This is equivalent to **1.5 R2R and 60% accuracy, which also nets the same as 1.0 R2R and 75% accuracy.** + +[\[R2R\] tab, with unprofitable\/unrealistic returns in grey](https://preview.redd.it/da9bsobhplu91.png?width=869&format=png&auto=webp&s=fc462ad0de3fa4d73eb9d7f230a2b62debd02ec1) + +It's mind-blowing to me that at 50% accuracy, **you double your profitability** going from 1.5 R2R to 2.0 R2R. By holding your winners for just 33% more, you make twice as much in the long run. Insane! **As a business owner, it helps to understand these profit margins**, doesn't it? + +The next tab, **SIZE AND TP,** is a handy calculator which computes the number of shares to take for 1 Risk Unit. **If trading options, select YES from the dropdown.** The table also calculates how much BP will be consumed, as well as what price target is required for a 1R, 2R, 3R, 4R, or 5R return. You can enter up to four independent positions. + +[\[SIZE AND TP\] tab - Share Sizing and Take Profit Targets](https://preview.redd.it/ybpxwq0kplu91.png?width=850&format=png&auto=webp&s=6fe6c75712333a58df4d59d8c58ff485c0ceec09) + +**FORECAST**, the last tab, has two sections. The top is a table which computes various figures such as: + +* **Risk Unit** in dollars based on *x* percent of account +* **Return in R or $**, over *n* trades with a given win-rate and R2R +* **Profit Factor**, which is calculated as \[total value of winners / total value of losers\] \* -1 +* **Expected Value** per trade, i.e., what the average trade brings in (winners and losers combined) + +[\[FORECAST\] tab, basic statistics](https://preview.redd.it/p0d47n8tplu91.png?width=554&format=png&auto=webp&s=973a9b6f5f851281ec63aded65c6400be05e3d90) + +At the bottom is a graph which shows a **simulated equity curve** using the data from above. You have the option to display in R's or $. Of course, [consistency doesn't mean going up in a straight line](https://www.reddit.com/r/Daytrading/comments/xydm06/charting_consistency_i_tracked_my_last_100_trades/); **consider it a trendline that your actual P&L should coil around over time.** Thinking—and executing—in probabilities requires putting your faith in the [Law of Large Numbers](https://en.m.wikipedia.org/wiki/Law_of_large_numbers). + +[\[FORECAST\] tab, benchmark equity curve](https://i.redd.it/rik25zimplu91.gif) + +I am aware that there are much more complex statistics to calculate and analyze for Risk Management, but this is the bare minimum that each trader should be tracking. By no means am I a statistician; this document is not intended for veteran traders. But it's a good starting point. + +If you wish to take your Risk Management and Trading Analytics to the next level, check out the many online trading journal solutions. They offer more advanced metrics such as Trade Standard Deviation, System Quality Number (SQN), Risk-of-Ruin, Max Favorable/Adverse Excursion (MFE/MAE), etc. For a deep dive into the world of quantitative and statistical Risk Management, look into **Van Tharp's body of work**. + +# Trading is All About Trade-Offs + +Hopefully this spreadsheet is useful for anyone who is setting out on their trading journey. I know, I know—it is very hypothetical in nature. But as with any start-up, you need to get an idea of **what profitability even looks like** before putting real capital at risk. Consider it research and development. + +At the end of the day, what determines a trading edge's profitability is balancing the relationship between: + +* **Number of Trades,** i.e., selectivity +* **Reward-to-Risk**, i.e., letting winners run +* **Win-Rate**, i.e., how often you are right + +[Profitability Constraint Triangle \(I made this up\)](https://preview.redd.it/9i4v7gduplu91.png?width=462&format=png&auto=webp&s=03fc1027d69d6eaa772b6d7190f9c47137bafa8f) + +# Not a Panacea + +As the spreadsheet will demonstrate, there are countless paths that may lead to positive returns in the market. Just like there are an infinite number of ways to trade. Don't get me wrong—I am not purporting that becoming a consistently profitable trader is an easy endeavor. It takes years of hard work and dedication. **But by practicing sound Risk Management, you will avoid blowing up while navigating and surviving the learning curve.** Cheers and all the best :) +https://www.bloomberg.com/news/articles/2020-03-29/mortgage-bankers-ask-sec-to-save-them-from-wave-of-margin-calls + +Not sure if links are allowed, but I thought this was an interesting article. +I've been eating dinner at my family's house regularly because I couldn't afford groceries. I've been scared of being stranded because I couldn't afford gas. + +I went all in on my beloved GME and left a small cash reserve in my checking account that slowly depleted as different options of revenue didn't pan out. + +I was moving amounts of money under $20 from multiple bank accounts bringing them to empty to consolidate for incoming bills and trying to keep just a little gas in my tank, using gas purchases to leave just pennies in my various accounts as I consolidated. + +Then it happened. My bank overdrafted me over a $1 gas authorization fee before one of my my small deposits cleared. $34 overdraft fee! FUCK! + +Then I'm in the negative. I had enough money after my deposit for one tank of gas to barely get me to an out of state gig. + +I'm too proud to ask for money. Did I consider selling any of my GME shares? FUCK NO!!!! No way in hell! I know how to broke and you apes learned me how to DIAMOND FUCKING HAND!!! + +So how did I get to my out of state gig? I fucking intentionally OVERDRAFTED AGAIN!!! I got to my job and have been working my ASS OFF!!! + +My eyes welled up with tears when my first paycheck hit my account and brought it positive. I barely had enough for autopayment bills and I had a tiny little left over so I bought snacks for my coworkers! That was such a great day! + +Then my truck broke down. New part is $400. My coworkers have been inviting me to their place to help me fix it and loaning me tools, but I can't afford the part yet. So I've been delaying. + +I've been feeling like a mooch because my coworkers keep taking me out to eat and I couldn't afford to help pay. + +This morning as I woke up and checked Superstonk first thing like I always do, (and the last thing I do in bed before falling asleep) my next pay check cleared! Four figures in the bank baby!!!! + +I already have plans for more GME shares! +Now I can fix my truck! + +No, I don't want any of your fucking money. You take that money and BUY MORE GME THROUGH COMPUTERSHARE and make me proud of you! + +I got my own money now! Now I can take my coworkers out and buy them a burger and beer! I can't wait! + +I've got insane amounts of overtime lined up for weeks ahead of me. I'll be fine. I just had to get over this hump. AND NOW I'M OVER IT!!! WOOHOO!!!! + +Selling my GME was the farthest thing from my mind. + +I fucking love you fucking apes! And I can't wait to start making the world a better place after MOASS!!!! + +💎👊 + +edit: i have to admit part of me REALLY wants to keep buying as much GME as i possibly can +and keep riding the wave balancing on the teetering edge of broke! i love GME so much! + +AND MY COMPUTERSHARES ARE NOT FOR SALE. EVER. FUCK YOU KEN GRIFFIN AND ALL THE FINANCIAL CORRUPTION stealing from poors who are trying to invest and save and curb stomping struggling businesses into cellar boxes. + +When GME goes down I get excited! +It jacks my tits!!!! Apes buy more! I will soon too! + +I love you apes! Every fucking last one of you! + +♥️💕❤️💕♥️❤️💕♥️❤️🥰💕♥️🥰😍 +Many people here, including myself, see crypto as a way to have a chance at maybe getting out of a bad financial position that we are in, get a house or hell even just a small room, pay off the loan that keeps increasing every month, escape the job that is killing you physically and mentally… + +And many of us hoped that crypto is the way to bring back the balance to financial world. To maybe enable us to actually live our life a bit. Do you still think so? Im starting to think that crypto is no different from traditional finances. + +Big boy CEOs having 70 million thick paychecks, influencers turning their followers into zombies that they leech the money off, scammers working overtime to get people into their honey trap, mega-wealthy trying to make the whole market move as they want it, and such. + +How is this any different? +Tomorrow is the day because EVERY. DAY. IS. THE. DAY. 😎😎 HYPE THOSE TITS AND JACK THE BEDPOSTS.🛏🤾🏼‍♂️🪄🧎🏼‍♀️ + +Are you bored 😪🥱😴 of the sideways action?🙄 + +WELL IM NOT BECAUSE IN HONOR OF $GME MY WIFES BF 😈AND I 👨‍👨‍👧HAVE BEEN FUCKING HER SIDEWAYS 👉👈*EXCLUSIVELY* FOR THE PAST 6 MONTHS 👌👌👌AND IM NOT FUCKING LEAVING.🤷🏻‍♂️ + +We’ve got DTC-005 🗂going into effect tomorrow + +We’ve got this sham 🤑🤮🤑🤮of an economy’s quarter ending tomorrow + +We’ve got mortgage forbearance ending tomorrow💀(APPARENTLY EXTENDED TO JULY 31ST BECAUSE HEDGIES AND HOMEOWNERS R FUK) Source: +https://www.hud.gov/press/press_releases_media_advisories/HUD_No_21_108 + +We’ve got Matt Furlong’s stock price average ending tomorrow👁👄👁 + +There are endless reasons for getting hyped when you’re holding the best goddam stock in the game. + +LFG 💎🚀🚀💎💎💎💎🚀🚀🚀🚀💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎🚀🚀💎💎💎🚀🚀💎💎🚀🚀🚀🚀💎💎💎🚀🚀🚀🚀💎💎💎💎🚀🚀💎refueling…⛽️🚀🚀🚀💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎🚀🚀🚀🚀🚀🚀🚀💎💎🚀🚀💎💎💎💎💎💎💎💎💎💎🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 💎💎💎💎💎💎💎💎 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 💎💎💎💎💎💎💎💎 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 💎💎💎💎💎💎💎💎 🚀🚀🚀🚀🚀🚀🚀🚀🚀 +**Many retail investors assume that if there is ONE SHARE exchanged at $10,000,000 then that price will be set as the Market Price. THIS IS WRONG!** + +The current market rules for setting the NBBO require that trades be in ROUND LOTS. + +https://preview.redd.it/uiryz9j6ch071.png?width=437&format=png&auto=webp&s=bd7a63c61ae57dd13c7c1023cc23b8b8e7415c03 + +This means if there is not a trade executed at 100 x GME then that is not setting a new price! Similarly if you want to drop the price you trade in a bunch of 100 blocks. + +Your single trades, unless aggregated by a broker or market maker, will NOT move the needle unless many other people are buying at the same price at the same time. + +I stumbled on this after seeing this post by u\\Xandrul01 about limit orders: + +&#x200B; + +https://preview.redd.it/oxjki8bx7h071.png?width=624&format=png&auto=webp&s=7482cd3d3686cd0b1b4e84867306b3006e59f152 + +"Small orders can possibly not trade on limits the market just touches the price because **odd lots ( less than 100 shares ) are not protected under rule NMS."** + +What is rule NMS: + +" **Reg NMS is a set of rules that defines how trading works in the U.S. for all listed stocks**. + +As automated trading increased, NMS ushered in a new era of competition in trading and introduced a   number of important **protections for investors.** + +In 1994, following the introduction of the Unlisted Trading Privileges Act, or [UTP](https://www.congress.gov/bill/103rd-congress/house-bill/4535/text), stocks were allowed to trade on any venue. That meant the primary listing exchange was no longer the only exchange on which a ticker could trade. + +Reg NMS also mandated market-wide cross-connectivity, allowing for a competitive and distributed market. Then the centrality of the SIP ensured that all participants **knew where and what price** the **best bid and offer** for each stock was at all times. + +NMS also prohibited trade-throughs and crossed markets, ensuring that customer orders were **filled at the best prices available**, regardless of what exchange each stock is trading on." + +Source: [https://www.nasdaq.com/articles/reg-nms-dummies-2019-05-09](https://www.nasdaq.com/articles/reg-nms-dummies-2019-05-09) + +**TLDR: The NMS rule is VERY IMPORTANT in ensuring that a trade is executed at the BEST PRICE. However if a trade is TOO SMALL (less than 100 shares) then these protections do NOT apply!** + +**SUSPICION**: Since retail buying, especially for GME, includes a lot of 1 share buys, it's entirely possible these orders are NOT being filled at best execution. Market Makers and Brokers (like Robinhood) could theoretically very carefully slowly feed SMALL LOT ORDERS in darkpools at the WORST PRICE. + +This might explain how retail buying can be suppressed to NOT INFLUENCE the market price! It would take 100 share lots at a certain price to hit the ask to set a new NBBO (best market price). + +\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* + +**AS a stock price rises the ODD LOT PROBLEM becomes really bad, for example AMAZON, because their share price is so high that there are less and less 100 block orders.** + +source: [https://www.nasdaq.com/articles/nms-ii%3A-an-odd-solution-for-the-odd-lot-problem-2020-05-07](https://www.nasdaq.com/articles/nms-ii%3A-an-odd-solution-for-the-odd-lot-problem-2020-05-07) + +**"**[**Currently**](https://www.nasdaq.com/articles/reg-nms-dummies-2019-05-09)**, when you are trading, the SIP shows you an NBBO. That’s the best of the best buyer and seller regardless of which exchange they’re waiting in, although it needs to be for at least a “round lot” (usually 100 shares).** If you’re trying to capture spread, that round lot also ensures you have a “protected” quote, meaning you won’t miss fills if a large trade causes worse prices to trade at other venues (be “traded through”). It’s also the same prices that Rule 605 uses to monitor investors’ execution quality and protect them from bad fills. + +**However, the U.S. market has an “**[**odd lot problem**](https://www.nasdaq.com/articles/what-happens-in-an-odd-lot-world-2019-06-20)**.” That’s because 100 shares of AMZN (for example), at over $200,000 not only qualifies for block size but is multiples larger than the average trade or best bid value. So what tends to happen is that algos and individual investors bid for smaller values of AMZN, creating an "insiders" market at better prices than the NBBO shows.** + +One problem with this is that investors and brokers using the SIP won’t know that there are small buyers and sellers at slightly better prices in the market. + +But there is a good reason to have round lots in a stock like GE, where 100 shares represents around $700. Considering the average trade is around $7,000, the public, protected best-ex quote should represent enough shares to fill the average trade." + +**In short AS the stock price rises there are naturally MORE and MORE ODD LOT PROBLEMS:** + +&#x200B; + +[In short AS the stock price rises there are naturally MORE and MORE ODD LOT PROBLEMS. In GME this is compounded because you have retail that typically buy in small lots anyway and then you have the potential for GME shares to go to $10,000+. ](https://preview.redd.it/kdpqvsn4ah071.png?width=813&format=png&auto=webp&s=c825c26b8ebee18648b115ae02b35948b165dd14) + +&#x200B; + +&#x200B; + +[THE SEC realized this is not always an efficient solution for traders, so they proposed to change how Round Lots are determined and can set the NBBO](https://preview.redd.it/vkx82az9ah071.png?width=737&format=png&auto=webp&s=aa1b3311e458dadb716609d87acf61efd7044d3f) + +TLDR: SEC realized this is not efficient as there may be buyers who want to buy 10 shares of Amazon at $22,000 (current price $20,000) and since it is less than 100 round lots it would not set a new NBBO. This also works vice versa for a lower price. + +**NEW SEC PROPOSAL** + +The proposal results in an NBBO that has a more consistent value (green line in Chart 2). [Our data](https://www.nasdaq.com/articles/why-intelligent-ticks-make-sense-2020-01-09) suggests this will also significantly tighten displayed quotes for higher-priced stocks. However, there are three consequences that traders might not like: + +1. With the size of a round lot between $1,000 and $5,000 (for almost all stocks), the official NBBO might represent a smaller quote than almost all spread-crossing trades that will be benchmarked against it. +2. **It’s possible that a stock like AMZN could be BID and OFFERED for one share at a one-cent spread. That’s not the kind of size or spread capture that many think is good for liquidity and price discovery.** +3. There are still odd lots. + +**HOW OTHER MARKETS SOLVE THE PROBLEM:** + +**"In other developed markets, the solution to the odd lot problem has been to eliminate the distinction between round lots and odd lots.** + +**Allowing trades in any whole number of shares in turn makes all quotes equal. It also ensures that the true best bid and offer is displayed for all to see.** + +The downside, as [we’ve noted before](https://www.nasdaq.com/articles/a-data-driven-intelligent-ticks-proposal-2020-01-23), is that nobody wants to be benchmarked against one-share quotes." + +**TLDR:** Other markets allow price discovery to just function like supply and demand. If there is a single trader willing to sell at $1,000 and a single trader willing to buy at $1,000 then that can be the latest Market Price! If other traders feel that is over or undervalued they will quickly submit their bids and the market will naturally find the best price. + +**The current system means that whomever can trade in 100 share blocks can influence the price significantly! Your one share lots TOTALLY DON'T MATTER unless a broker or market maker decided to group them together, but they can abuse when and when they may not want to group!** + +The SEC rule that created this new NMS II proposal seems to be this one: [https://www.sec.gov/rules/proposed/2020/34-90019.pdf](https://www.sec.gov/rules/proposed/2020/34-90019.pdf) + +It was proposed in September 2020 and it was never implemented (I could not find any confirmation it was ever executed, it seems to just have remained in comment phase forever). + +**TLDR:** Round Lots basically give more power to trades grouped in 100 share lots to set the price (up or down). A single trade for a single share will NOT do anything and NOT set the NBBO. + +Lots less than 100 shares are called ODD lots. ODD lots are not protected by NSM rule which ensures they are executed at the best price. This might be an opportunity for brokers and market makers to execute retail orders slowly in odd lots and give a worse execution and or reduce the impact of retail orders on price! + +ODD lots are a big problem, for example in AMAZON where the share price is $20,000. You would have to have a trade $20,000 \* 100 in order to move the new price, which means there are a lot of individual trades that could improve the price discovery but they don't. + +The SEC proposed a change called NSM II in September 2020 which would give more power to smaller lot orders to influence price, but it was never implemented. + +Other market economies do away with lots entirely- allowing a single share at any price to determine the best market price. Where there is a buyer and a seller= market price. Makes sense to me! + +&#x200B; + +**IMPLICATIONS:** + +I suspect that small order lots could be used to manipulate the price. By simply executing retail orders slowly in small odd lots these orders are NOT protected by the NSM rule and it could mean that a market maker could skim the difference. + +More importantly this does mean that retail orders, which are naturally for fewer shares, do not impact the price as they should. + +This also means that in the event of the GME price surging to incredible levels it will take 100 order lots at the same price in order to move the price up. + +This whole idea is VERY complex and I am not a financial expert. It's entirely possible I'm simplifying this too much or not fully understanding how individual trades could still be grouped or executed. Still the fact that the SEC sees this as a price discovery problem that needs fixing and the fact they're taking to long likely means it's very complex and the establishment probably does not want to change this. I think this is worth researching and would love for more apes to join the quest of how truly price is determined and how price can be manipulated through these different mechanisms! + +&#x200B; + +>**" A better solution involves a market where all orders count equally, and the lit quote is as competitive and inclusive as possible, while also ensuring spreads are deep enough to fill most orders. "**\-Source: [https://www.tradersmagazine.com/am/nms-ii-doesnt-fix-the-odd-lot-problem/](https://www.tradersmagazine.com/am/nms-ii-doesnt-fix-the-odd-lot-problem/) + +EDIT 1: We are SO LUCKY to have amazing Honorable Gentlemen like u/dlauer in this community. + + +As per his comment: "So this is all accurate, with a caveat. It doesn't mean that an odd lot order can be executed outside of the NBBO. It means that an odd lot cannot help to **set** the NBBO. " + +**SPECULATION:** Does this mean that AFTER the PEAK of MOASS... If APES sold VERY MINIMAL QUANTITIES in ODD LOTS then these sells would NOT affect/set/lower the NBBO? This disadvantage for odd lots not setting a price HIGHER could prove to be an advantage for not setting it LOWER... + +&#x200B; +https://www.cnbc.com/2021/10/28/amazon-amzn-earnings-q3-2021.html + +Earnings: $6.12 vs $8.92 per share expected, according to analysts surveyed by Refinitiv + +Revenue: $110.81 billion vs $111.6 billion expected, according to analysts surveyed by Refinitiv + +Revenue from Amazon Web Services totaled $16.11 billion in the quarter, up almost 39% from a year ago, according to a statement. Analysts polled by StreetAccount had expected $15.48 billion. Revenue had grown 37% in the second quarter. + +The stock is dropping almost 5% after the earning release. The EPS miss is due to the tough comparison from last year 3rd quarter when Amazon enjoyed the pandemic e-commerce advantage. The miss on revenue also disappointed investors. The stock will still benefit going forward as it is dominating in cloud and e-commerce penetration is still in early stage. + +Thanks for the awards. +http://xvg.keff.org/ + +Utterly disappointed. Not only did they fail to deliver their "reason-to-be" update by the end of Q4 2017 (which was delayed twice already this year), but apparently, the product doesn't even work. I can't believe a coin like this has managed to penetrate the top 20 rank on CoinMarketCap. + + + +***Edit***: For everyone who thinks these are Tor addresses, here's a website where you can look up Tor nodes. Notice how none of the IPs being listed in that site appear as a Tor node: https://www.dan.me.uk/tornodes + +We are still in the beginning phases boys. There will be billions of dollars pumped into this over the coming decades. Most people still don't even realize or even care about this stuff yet. + +Everyone is saying it can't be done. Everyone laughed at Mr. Lamborghini when you decided to go from making tractors to Super Cars, now look at what he has built. + +20 years ago people were freaking about "texting" from their $400 flip phones. Now look how fast time have changed. You can make HD video calls with 100 people in 100 different countries, at the same time. + +Only 3 million members here, and probably half of them aren't even active. We are so early boys it doesn't even feel real. +Hi, my Mom is a healthy and active 79 year old (think swim class and heavy-duty gardening) whose 30 year $100K term life is expiring this year. What should she do with the current policy (cash in, expire, brief continuation)? Looks like cash value is $12K (even though she's paid 25K in). + +And, should she also buy a new term (or permanent) life insurance policy? And with whom? + +Thank you! +I see a lot of us ready to jump into some pretty shady ICOs and underestimating how valuable ETH will potentially become. Unless an ICO is clearly fair and has a lot of upside, we are all much better off with the KISS principle and should hold onto our ETH! +They are also creating api so developers can utilize it. Live update from devcon. +Its live on Morden. Soon customers can buy these tokens from their bank portal. +Hey guys, + +It’s fuckin late on the east coast, but I can’t sleep. I want to talk about HALTS... + +Yes, halts. Something that happens to our beloved GME from time to time.... + +Now I’m not mathematical wizard here, but I do notice some things... + +This last Monday when we got halted, was the first time they “crashed” it as soon as it came back, but could not even break it down to where we were in the red for the day. + +Let’s flash back and be like “oh well randomtaskstonks tell us about the last halt.” + +Well I gladly will... March 29th, basically at the exact same time (6 or 7 minutes into trading) GME got halted. When it came back from $200 down to $167 immediately after the halt. + +Well “I don’t understand what your getting at randomtaskstonks...” + +Neither do I. But let me elaborate for you... + +Everytime GME gets halted, I feel it’s because we are extremely close to mooning... Some how these Ass Clowns 🤡 aka hedgies, find ways to halt the stonk and then proceed to fill the order book with a bunch of crap-o-la. Well it seems like the crap-o-la they really were able to throw in Jan 21, March 21, June 21 and November 21, isnt hitting the fan as much and is making much smaller dents. + +This last halt they created couldn’t even bring the price down to a negative for the day.... + +I’m excited when I see halts because the highs are getting lower and the lows are getting higher on these halts. + +Please let’s get an ape with some fucking wrinkles (here’s looking at you criand) to actually put into real logic and make some sweet sweet DD on what I’m talking about. + +I am by far and away not the smartest ape of the bunch nor do I think I ever will be. But if one of you HALT and follow what I just said and really look into these “fake halts” and short attacks on the unhalting u might see what I see and cannot explain. + +With that being said, I hope you halted and thanks for coming to my Ted talk. + +Edit - yes I know how a halt works. I’m just stating that every halt has come with a downtick, a huge downtick and every halt since Jan 21 the downtick has become smaller and smaller and smaller. +My fiance and I have just recently started looking at securing a home loan and purchasing the apartment we currently rent. + +After talking with a mortgage broker it kind of threw us when being told the upper limit we could borrow would only be about $500k. Which being a sydney apartment it simply won't be enough. + +My fiance earns $140k pa and is permanent. I earn $65k a year but am a casual (been this way for over 10 years at the same job :(). We currently have $50k saved and average $3k into savings a fortnight. + +We have no family that can help as guarantor ect. We also have no debts. + +Is this the most we should expect to be able to borrow as first home buyers in our situation? +Wondering because I've heard of a few folks that have started biomedical degrees in their 20's, couldn't get a job. So went back and got Masters degree. Still couldn't get a job. + +Went back and then did medical degree and ended up graduating in their mid-30's. + +Will they catch up and grow their superannuation/savings/money flow, even though they've hardly worked (maybe a year or two) full-time in the workforce? + +Just curious that's all. Seems like chasing a dream that never happens. +> Chip designer Advanced Micro Devices, Inc (AMD) announced its decision to acquire programmable computing solutions designer Xilinx, Inc in October. + +> As part of its offer and calculations for the deal, AMD provided its future financial projection estimates to DBO Partners, LLC - AMD's financial advisory firm for the entire affair. These projections go beyond the details that AMD had revealed in its financial analyst day earlier this year, and they provide a glimpse into what the company expects of itself over the course of the next five years. + +> At the analyst day, AMD provided a compound annual growth rate (CAGR) of 20% for the next five years. During the company's presentation, chief financial officer (CFO) Mr. Devinder Kumar had stated that this figure, part of the company's long term model, was for the next four years - or for the end of the fiscal year 2023 + +> AMD's EPS forecasts for the fiscal year 2020 and the following five years in the S4 Form are $1.20, $1.56, $2.19, $2.90, $3.41 and $3.90 respectively + +[see full article here](https://wccftech.com/amd-22-billion-2025-growth-2019/) +https://medium.com/@wokesalaryman/all-the-things-i-had-to-do-to-save-100-000-before-i-turned-30-cfd21a0006d2?fbclid=IwAR2_cll9QMOZgEE5QyTL2jrlVvadEpBsE3LZakbZzzLF1WprB7qlev12lq0 +I believe that my body will not have any connection to "me" or value after I die and I'd like to minimise costs so that my inheritors get my money rather than some funeral director. + +I organised the funeral for my mum last year and it cost around £7k. Which is fine because those were her wishes and it was paid for by her money. But not what I want for myself. + +I understand that donating my body to medical science would get rid of the corpse for free, possibly paying the cost of transportation. The drawback is that they might not accept the body depending on the state it ends up in. + +The fallback might be cremation with a firm like [this one](https://www.simplicity.co.uk/arrange-a-funeral?media=SIMPBINGAT&msclkid=7e8ec3908a9f12e3cb289d830dc55592) who quote "from £995." Still a bit more than I'd like. + +I plan to write up a plan for my death and a new will and I want to minimise funeral costs. +I am pretty sure this has been said many times, but I am experiencing it just now. + +I am writing this as a 3rd world country living person, I do NOT live in the US, Canada or any developed country. + +That said, due to COVID, I lost an excellent job that I loved, paid great ($12k a year, yes, that is a "great pay" in a third world country) and had great benefits. + +The thing is, when I had the job, I would manage my poverty buying things in bulk, semi-quality canned food, and buying fresh veggies by the sack. + +For example Yam, is cheap, nutritious and last for a LONG ass time, like 5 or 6 months. Plantains are amazing too. + +Around payday I'd call my dealers and ask for some products. + +I'd get: +(Regularly) +A 100 count of green plantains (BIG - $10 if they didn't have big ones, I'd buy medium sized for $7) +A 30 or 40 kilos sack of yam (around $10) +A 100 pound bag of rice ($30) +A 30 or 40 kilos sack of Yucca ($15) +A 10 kilos bag of coffee beans (price changes, but it is EXTREMELY CHEAP HERE) +Assorted food by the bulk (Oatmeal, Sugar, Lentils, etc.) + +(Ocassionally) +A 100 count of coffee filters +Assorted spices in bulk +Trash Bag 1k count +1 liter bottles of Soy, Worcestershire (Wustershuchisriesjhieshhisereiesere), Garlic, BBQ, Vinaigrette sauce +5 kilos of tomato sauce (Ketphuc?) + +And my spending was not that high, I even had days where we could afford some takeout. + +But now that I am living day by day, I cook with less stuff than before and spend even MORE. + +like, the spending almost doubled since I am buying by the pound or less. + +Like I said, I know this has been said many times... I just want to vent, because since I became poor, my "friends" are not my friends anymore... fml. +We are animals governed by habits, desires, and intuitions. Although we might think we can look at every single purchasing decision in a vacuum, we don't. + +It's never **just** a matter of this thought on one single day: *Should I sleep in an extra 15 minutes, and buy breakfast on the way to work instead of cooking it myself? It's only $5.* + +The effects of the decision we make in that situation are not simply limited to that morning alone. That decision shapes our habits, and over time our habits shape our **character**. + +* Yes, the $150 sign-up bonus I got for switching checking accounts is just a drop in the bucket. +* Yes, going with the free version of Pandora only saves me $5 a month. +* Yes, making my own coffee in the morning only saves me $1 a day. +* Yes, going to a different grocery store only saves me a few cents on bananas. +* Yes, biking to work only saves me $2 a day. +* Yes, doing this drywall repair myself only saves me $400 and costs me a whole weekend. + +But these things fucking **add up**, and none of them are done in isolation. Doing one of them out of discipline, actually makes me enjoy doing the next one with a bit less discipline. Eventually, these things build up enough that it doesn't take *any* discipline, because it's actually fucking FUN to churn credit cards or repair my own plumbing leak, and it becomes part of my personality to look for these opportunities. + +Enough drops can fill a bucket. Each behavior can snowball, they are positive feedback loops in the way they shape my personality, and actually mold by BRAIN to enjoy different things! + +____________________ + +Don't ask the question "Do I enjoy biking to work instead of driving". Ask "Do I want to become the type of person that enjoys biking to work instead of driving". And then start taking the actions that will shift your personality over time in that direction. +[BlackRock’s Fink Delivers Grim Outlook With Tax Hikes for Corporate America](https://www.bloomberg.com/news/articles/2020-05-06/fink-delivers-grim-outlook-with-tax-hikes-for-corporate-america) +I use TD and just wondering why I don’t often see it recommended. Pretty new to the sub, so there is a solid chance I just haven’t stumbled over the TD love yet. +Hi all, + +I was wondering if any of you could suggest an app in which I could track my investments, and that will notify me of the upcoming dividends. I got this app called Delta, and I linked my broker account to it, however, it doesn't seem to let me know when I will receive the next dividend or anything of that sort. + +Any response is welcome. :) +# Introduction: + +Good morning/evening everyone. The poll closed out with Walmart placing 2nd and Honeywell placing last, so these two will get stock reviews, starting today with Wal-Mart. + +# Walmart | Save Money - Live Better: + +Sector: Consumer Defensive + +Walmart is America’s largest retailer by sales, selling a variety of general merchandise and grocery items. It operates 11,300 stores in the US, which account for approx 76% of sales in fiscal 2019, with Mexico and Central America \~6%, the UK \~6%, and Canada \~4% beings its largest external markets. + +The company operates several e-commerce properties apart from its site, including Flipkart, Jet.com, and shoes.com (it also owns a roughly 10% stake in Chinese online retailer JD.com). As of 2019, e-commerce accounted for only \~5% of fiscal 2019 sales. However the e-sales growth during the pandemic has greatly increased this. + +Walmart has been smart with its acquisitions and partnerships. Walmart has partnerships with Instacard, ThredUp, Shopify, and even Google. The Instacart partnership, together accounts for [nearly half](https://secondmeasure.com/wp-content/uploads/2019/08/GroceryDelivery-chart2png-1024x631.png) of all online grocery sales. The partnership with Thredup allows Walmart to sell cheaper clothes on its online marketplace, and Shopify allows 3rd party sellers to sell their goods on Walmart's marketplace as well. Lastly, the Google partnership provides customers voice-enabled grocery shopping and likely much more in the future. Walmart's partnerships and acquisitions are taken to further complete with and provide a market alternative to Amazon. + +If you want to see more of their partnership/acquisitions [please look here on page 2.](https://s2.q4cdn.com/056532643/files/doc_financials/2019/annual/Walmart-2019-AR-Final.pdf) + +**Strengths:** + +>\- Walmart is the largest retailer in the world providing it unequaled power to leverage their vendor's, suppliers, and manufacturers, keeping prices low with national and private brands. +> +>\- Walmart's cost advantage provides significant barrier to entry and is consistently used to disrupt their competitors. +> +>\- The company is aggressively investing in its e-commerce segment and focused on strategic acquisitions to complete with Amazon. (Mentioned in the last paragraph above) +> +>\- The partnership with Google is has the potential to be particularly strong due to Walmart lacking strong tech exposure. +> +>\- Walmart PLUS memberships, 2 hour delivery, and expansion into drone delivery services. + +**Risks:** + +>\- Walmart employs millions people and is facing intense pressure to raise wages. This will have an effect on their profit margins. +> +>\- Amazon. Amazon is much much more than just e-commerce. +> +>\- Walmart's profit margins aren't as wide as they could be due to keeping prices lower, this does bring them more sales revenue, but they have to be very wary of any competitors lowering their prices further to undermine Walmart's position and margins. + +Amazon's threat to many of the traditional brick and mortar industries cannot be understated. Amazon's model is nearly the example of a monopsony, the opposite of a monopoly. They aren't interested in dominating one sector, but ingraining themselves into literally everything. This is why Amazon's model is so disruptive. + +In addition to this, Amazon is often the company that raises the conversation of wage increases to undermine it's competitors. The [wage increase to 15$](https://www.businesswire.com/news/home/20181002005317/en/Amazon-Raises-Minimum-Wage-to-15-for-All-U.S.-Employees-Including-Full-Time-Part-Time-Temporary-and-Seasonal) was much more than them "listening to their critics", it was a move to further pressure any of their competitors whose margins cannot effectively absorb this cost burden. This tactic, along with Walmarts cheap pricing tactics, is what allows Amazon to nab up companies very cheap. ([See the whole diapers deal](https://www.businessinsider.com/amazon-quidsi-diaperscom-antitrust-hearing-jeff-bezos-2020-7)). + +# Financial History: + +For Walmart we will be looking at the 5 year financials rather than the 10 year due to their push more recently to get into the ecommerce markets. + +|Year|Revenue|EBITDA|Debt|Debt / Earning| +|:-|:-|:-|:-|:-| +|2016|$478,615|$33,559|$49,994|\~1.5| +|2017|$481,371|$32,884|$45,930|\~1.4| +|2018|$495,761|$30,966|$46,470|\~1.5| +|2019|$514,405|$32,635|$58,033|\~1.8| +|2020|$523,964|$31,555|$72,400|\~2.3| + +The revenue is honestly just insane and shows how large Walmart is, plus it is something like 80-90% of the US population lives within 15 miles of a Walmart or something? Anyways, $478 Billion to $523 Billion, about an average increase of 2.2% YoY. Not bad, they are continuing to grow, but just ahead of currently inflation rates. When we look at EBITDA though, their margins are shrinking/lumpy. This, based on the company movement, and from what they say in their 10K, this decrease is largely attributed to them moving into e-commerce. These numbers may be significantly different next year since their ecommerce has been growing pretty significantly during the pandemic, [they are estimated at 97% annual growth there](https://www.businessinsider.com/walmart-ecommerce-sales-reach-sky-high-growth-in-recent-quarter-2020-8). However note that ecommerce, despite this increase is still a very small piece of the company right now, it is going to take awhile for it to have a more significant impact, but the growth is absolutely there. + +The debt is increasing due to acquisitions as well as investment into the ecommerce segment as well. The 2.3x debt/earnings is a bit higher than their historic levels, but again, they are investing right now, and it is still lower than a 3x where it starts to be a bit more concerning. + +|Year|Cash Flow from Operations|Capital Expenditures|FCF/E Ratio| +|:-|:-|:-|:-| +|2018|$28,337|$10,051|$16,840| +|2019|$27,753|$10,344|$29,444| +|2020|$25,255|$10,705|$13,479| + +Cash flow from operations is definitely in line with the decreasing EBITDA so that makes sense. Their CAPEX been consistent the last few years, nothing to really note there since the e-market stuff has already been mentioned. Now for the Free Cash Flow, in 2019 there is a significant jump, this is because in 2019 they took on \~$12 Billion in debt load, this was added to the FCF/E for whatever reason, we can subtract it and say that is was more likely \~$15/16/17 Billion, which is in line with the decline. In 2018 and 2020 they were making debt payments, appears to be about 1.5 Billion for each of those years, hence the lower FCF/E there. + +Over the years, in addition to the dividend, they do appear to be using some of their capital to buy back shares, those have decreased from approx 3,200 - 2,850 outstanding over the last 5 years or so. Some would say this is the better way to give back to the shareholders rather than dividends, but others say that it is a way for companies to create synthetic earnings. Take what you will from that. Typically healthy (large) companies will do both dividends and share buybacks, so take what you will from that. + +# Let's Take a Look at the Dividend and Price/Value, and Growth: + +Walmart (WMT) is a Dividend Aristocrat that has paid and increased its dividend for 46 consecutive years. + +NOTE: Current for November 2020 and very likely to change. + +|Stock Price|$151.60| +|:-|:-| +|P/E Ratio|21.89| +|Current Annual Payout / Share|$2.16| +|Yield|1.42% (Based on $151.60 Price Nov 2020)| +|10 Yr Div Growth Rate|7.2%| +|3 Yr Div Growth Rate|2%| +|1 Yr Div Growth Rate|1.9%| +|Current EPS Payout Ratio|34.45%| + +Strictly from a Dividend Growth perspective, the payout is a bit low and the dividend growth has sharply decreased as the company continues to focus on e-market expansion. In addition to this, the yield on cost is of lower value right now, had the stock been purchased earlier when it's price was closer to 100$, it would have been an excellent buy, at the current price and yield though, there are better prospects. + +From a value perspective... well Walmart over the years has traded closer to an 8x multiple, it is currently over 20x. Based on this alone it would be considered overvalued based on its financials, however one also needs to consider that higher multiples are typically paid for companies with stronger growth prospects...which leads us to growth. + +From a growth perspective, Walmart is a market titan, the growth will be gradual over longer periods of time, but there are many factors that need to be considered from this perspective (as well as the others): + +>\- Will their e-market investments pay off or will they lose market share due to more competitors in the business and pressure from Amazon? +> +>\- Will the decline of brick and mortar stores offset the earnings from the e-market? +> +>\- How much could they expand their margins by automating warehouses amoung other segments? +> +>\- Do their traditional brick and mortar stores provide Walmart a significant distribution advantage over Amazon? (80-90% of Americans within 15 miles of a Walmart mentioned above) +> +>\- How will Wamart continue to nurture their relationships with Google and Microsoft and will it continue to make smart and strategic acquisitions? +> +>\- How will future government policies and labor unions affect both Amazon and Walmart? + +There are so many different unknowns that need to be considered. + +# Closing Thoughts: + +Walmart is an absolute titan of a company that is transitioning to have a significant e-market presence. Compared to Amazon, Walmart is currently the underdog that still needs to be very cognizant of it's other competitors, like Target. However, their recent partnerships and acquisitions have enabled the company to expand significantly online during the pandemic, and unlike Amazon, they have a wider physicals presence, stores that can act as distribution centers amoung other things. + +Ultimately, Amazon is very likely to continue to dominate, however, Walmart does have the potential to start edging their way into the different market segments and start taking pieces of the pie for itself. Amazon is certainly aware of this, hence the reason it pushes timely wage-increases and other policies to undermine its competitors. Government policy is a significant factor to both due to their sheer size and presence. + +At the end of it all, you need to ask yourself, do you think Walmart can continue compete, and continue to work its current business model? Or perhaps you'd take more the side of why not both? + +I hope everyone found this post interesting, please supplement this with your own research. There are always more risks that need to be considered, read opposing views, read up on Target and Amazon. Don't just read whatever will validate a preformed opinion. + +As always, thanks for reading, and have a good day/night! +Happy Tuesday r/dividends! + +I am opening up a new dividend specific portfolio with an initial contribution of $10,000, I will be dividing up the $10k equally into ten stocks. I made my initial list of stocks (below) but then decided I would like to add $HD into the portfolio. My question for the group, which of the current stocks would you swap out for $HD. Thanks! + +&#x200B; + +|1|JNJ|Johnson & Johnson| +|:-|:-|:-| +|2|KMB|Kimberly Clark| +|3|KO|Coca-Cola| +|4|MCD|McDonald's| +|5|MMM|3M| +|6|O|Realty Income| +|7|PG|Proctor & Gamble| +|8|T|AT&T| +|9|TGT|Target| +|10|WMT|Walmart| +# Introduction: + +Good morning/evening everyone. The poll closed out with Walmart placing 2nd and Honeywell placing last, so these two will get stock reviews, starting today with Wal-Mart. + +# Walmart | Save Money - Live Better: + +Sector: Consumer Defensive + +Walmart is America’s largest retailer by sales, selling a variety of general merchandise and grocery items. It operates 11,300 stores in the US, which account for approx 76% of sales in fiscal 2019, with Mexico and Central America \~6%, the UK \~6%, and Canada \~4% beings its largest external markets. + +The company operates several e-commerce properties apart from its site, including Flipkart, Jet.com, and shoes.com (it also owns a roughly 10% stake in Chinese online retailer JD.com). As of 2019, e-commerce accounted for only \~5% of fiscal 2019 sales. However the e-sales growth during the pandemic has greatly increased this. + +Walmart has been smart with its acquisitions and partnerships. Walmart has partnerships with Instacard, ThredUp, Shopify, and even Google. The Instacart partnership, together accounts for [nearly half](https://secondmeasure.com/wp-content/uploads/2019/08/GroceryDelivery-chart2png-1024x631.png) of all online grocery sales. The partnership with Thredup allows Walmart to sell cheaper clothes on its online marketplace, and Shopify allows 3rd party sellers to sell their goods on Walmart's marketplace as well. Lastly, the Google partnership provides customers voice-enabled grocery shopping and likely much more in the future. Walmart's partnerships and acquisitions are taken to further complete with and provide a market alternative to Amazon. + +If you want to see more of their partnership/acquisitions [please look here on page 2.](https://s2.q4cdn.com/056532643/files/doc_financials/2019/annual/Walmart-2019-AR-Final.pdf) + +**Strengths:** + +>\- Walmart is the largest retailer in the world providing it unequaled power to leverage their vendor's, suppliers, and manufacturers, keeping prices low with national and private brands. +> +>\- Walmart's cost advantage provides significant barrier to entry and is consistently used to disrupt their competitors. +> +>\- The company is aggressively investing in its e-commerce segment and focused on strategic acquisitions to complete with Amazon. (Mentioned in the last paragraph above) +> +>\- The partnership with Google is has the potential to be particularly strong due to Walmart lacking strong tech exposure. +> +>\- Walmart PLUS memberships, 2 hour delivery, and expansion into drone delivery services. + +**Risks:** + +>\- Walmart employs millions people and is facing intense pressure to raise wages. This will have an effect on their profit margins. +> +>\- Amazon. Amazon is much much more than just e-commerce. +> +>\- Walmart's profit margins aren't as wide as they could be due to keeping prices lower, this does bring them more sales revenue, but they have to be very wary of any competitors lowering their prices further to undermine Walmart's position and margins. + +Amazon's threat to many of the traditional brick and mortar industries cannot be understated. Amazon's model is nearly the example of a monopsony, the opposite of a monopoly. They aren't interested in dominating one sector, but ingraining themselves into literally everything. This is why Amazon's model is so disruptive. + +In addition to this, Amazon is often the company that raises the conversation of wage increases to undermine it's competitors. The [wage increase to 15$](https://www.businesswire.com/news/home/20181002005317/en/Amazon-Raises-Minimum-Wage-to-15-for-All-U.S.-Employees-Including-Full-Time-Part-Time-Temporary-and-Seasonal) was much more than them "listening to their critics", it was a move to further pressure any of their competitors whose margins cannot effectively absorb this cost burden. This tactic, along with Walmarts cheap pricing tactics, is what allows Amazon to nab up companies very cheap. ([See the whole diapers deal](https://www.businessinsider.com/amazon-quidsi-diaperscom-antitrust-hearing-jeff-bezos-2020-7)). + +# Financial History: + +For Walmart we will be looking at the 5 year financials rather than the 10 year due to their push more recently to get into the ecommerce markets. + +|Year|Revenue|EBITDA|Debt|Debt / Earning| +|:-|:-|:-|:-|:-| +|2016|$478,615|$33,559|$49,994|\~1.5| +|2017|$481,371|$32,884|$45,930|\~1.4| +|2018|$495,761|$30,966|$46,470|\~1.5| +|2019|$514,405|$32,635|$58,033|\~1.8| +|2020|$523,964|$31,555|$72,400|\~2.3| + +The revenue is honestly just insane and shows how large Walmart is, plus it is something like 80-90% of the US population lives within 15 miles of a Walmart or something? Anyways, $478 Billion to $523 Billion, about an average increase of 2.2% YoY. Not bad, they are continuing to grow, but just ahead of currently inflation rates. When we look at EBITDA though, their margins are shrinking/lumpy. This, based on the company movement, and from what they say in their 10K, this decrease is largely attributed to them moving into e-commerce. These numbers may be significantly different next year since their ecommerce has been growing pretty significantly during the pandemic, [they are estimated at 97% annual growth there](https://www.businessinsider.com/walmart-ecommerce-sales-reach-sky-high-growth-in-recent-quarter-2020-8). However note that ecommerce, despite this increase is still a very small piece of the company right now, it is going to take awhile for it to have a more significant impact, but the growth is absolutely there. + +The debt is increasing due to acquisitions as well as investment into the ecommerce segment as well. The 2.3x debt/earnings is a bit higher than their historic levels, but again, they are investing right now, and it is still lower than a 3x where it starts to be a bit more concerning. + +|Year|Cash Flow from Operations|Capital Expenditures|FCF/E Ratio| +|:-|:-|:-|:-| +|2018|$28,337|$10,051|$16,840| +|2019|$27,753|$10,344|$29,444| +|2020|$25,255|$10,705|$13,479| + +Cash flow from operations is definitely in line with the decreasing EBITDA so that makes sense. Their CAPEX been consistent the last few years, nothing to really note there since the e-market stuff has already been mentioned. Now for the Free Cash Flow, in 2019 there is a significant jump, this is because in 2019 they took on \~$12 Billion in debt load, this was added to the FCF/E for whatever reason, we can subtract it and say that is was more likely \~$15/16/17 Billion, which is in line with the decline. In 2018 and 2020 they were making debt payments, appears to be about 1.5 Billion for each of those years, hence the lower FCF/E there. + +Over the years, in addition to the dividend, they do appear to be using some of their capital to buy back shares, those have decreased from approx 3,200 - 2,850 outstanding over the last 5 years or so. Some would say this is the better way to give back to the shareholders rather than dividends, but others say that it is a way for companies to create synthetic earnings. Take what you will from that. Typically healthy (large) companies will do both dividends and share buybacks, so take what you will from that. + +# Let's Take a Look at the Dividend and Price/Value, and Growth: + +Walmart (WMT) is a Dividend Aristocrat that has paid and increased its dividend for 46 consecutive years. + +NOTE: Current for November 2020 and very likely to change. + +|Stock Price|$151.60| +|:-|:-| +|P/E Ratio|21.89| +|Current Annual Payout / Share|$2.16| +|Yield|1.42% (Based on $151.60 Price Nov 2020)| +|10 Yr Div Growth Rate|7.2%| +|3 Yr Div Growth Rate|2%| +|1 Yr Div Growth Rate|1.9%| +|Current EPS Payout Ratio|34.45%| + +Strictly from a Dividend Growth perspective, the payout is a bit low and the dividend growth has sharply decreased as the company continues to focus on e-market expansion. In addition to this, the yield on cost is of lower value right now, had the stock been purchased earlier when it's price was closer to 100$, it would have been an excellent buy, at the current price and yield though, there are better prospects. + +From a value perspective... well Walmart over the years has traded closer to an 8x multiple, it is currently over 20x. Based on this alone it would be considered overvalued based on its financials, however one also needs to consider that higher multiples are typically paid for companies with stronger growth prospects...which leads us to growth. + +From a growth perspective, Walmart is a market titan, the growth will be gradual over longer periods of time, but there are many factors that need to be considered from this perspective (as well as the others): + +>\- Will their e-market investments pay off or will they lose market share due to more competitors in the business and pressure from Amazon? +> +>\- Will the decline of brick and mortar stores offset the earnings from the e-market? +> +>\- How much could they expand their margins by automating warehouses amoung other segments? +> +>\- Do their traditional brick and mortar stores provide Walmart a significant distribution advantage over Amazon? (80-90% of Americans within 15 miles of a Walmart mentioned above) +> +>\- How will Wamart continue to nurture their relationships with Google and Microsoft and will it continue to make smart and strategic acquisitions? +> +>\- How will future government policies and labor unions affect both Amazon and Walmart? + +There are so many different unknowns that need to be considered. + +# Closing Thoughts: + +Walmart is an absolute titan of a company that is transitioning to have a significant e-market presence. Compared to Amazon, Walmart is currently the underdog that still needs to be very cognizant of it's other competitors, like Target. However, their recent partnerships and acquisitions have enabled the company to expand significantly online during the pandemic, and unlike Amazon, they have a wider physicals presence, stores that can act as distribution centers amoung other things. + +Ultimately, Amazon is very likely to continue to dominate, however, Walmart does have the potential to start edging their way into the different market segments and start taking pieces of the pie for itself. Amazon is certainly aware of this, hence the reason it pushes timely wage-increases and other policies to undermine its competitors. Government policy is a significant factor to both due to their sheer size and presence. + +At the end of it all, you need to ask yourself, do you think Walmart can continue compete, and continue to work its current business model? Or perhaps you'd take more the side of why not both? + +I hope everyone found this post interesting, please supplement this with your own research. There are always more risks that need to be considered, read opposing views, read up on Target and Amazon. Don't just read whatever will validate a preformed opinion. + +As always, thanks for reading, and have a good day/night! +Hi everyone. I just completed my [dividend income report](https://www.dividendportfolio.com/dividend-income-report-january-2020/) for January 2020. Bottom line is that I earned a total of $2.22 dividends from three stocks: Cisco, Kimberly Clark and Realty Income. + +The amount of dividends is small, and it will likely remain that way for the first half of the year. However, starting around August or so, I will hopefully be able to start contributing a lot to my portfolio so that I can increase the amount of earned dividends. + +How was January for you? +It's great to see the I'm up to $x a day/week/month posts but they largely don't include portfolio size. It's more instructive to see portfolio size to see yield. +Can anyone recommend a good online ex-dividend calendar. I used to use the one on thestreet. com but it doesn't seem to work as of late. + + +Many thanks. +Happy Tuesday r/dividends! + +I am opening up a new dividend specific portfolio with an initial contribution of $10,000, I will be dividing up the $10k equally into ten stocks. I made my initial list of stocks (below) but then decided I would like to add $HD into the portfolio. My question for the group, which of the current stocks would you swap out for $HD. Thanks! + +&#x200B; + +|1|JNJ|Johnson & Johnson| +|:-|:-|:-| +|2|KMB|Kimberly Clark| +|3|KO|Coca-Cola| +|4|MCD|McDonald's| +|5|MMM|3M| +|6|O|Realty Income| +|7|PG|Proctor & Gamble| +|8|T|AT&T| +|9|TGT|Target| +|10|WMT|Walmart| +Will Garmin’s Autoland make it the Tesla of aviation? (NASD: GRMN) + +#**Sector and Industry** + +Garmin Ltd. operates in the technology sector under the scientific & technical instruments industry. The industry has seen [appreciated 21.33%](https://finviz.com/groups.ashx?g=industry&v=120&o=name) in the past year. Garmin has slightly outperformed this growth with [23.61% share price appreciation]( https://finviz.com/quote.ashx?t=GRMN) in the past year. Annual industry earnings growth is [at 7.22% for the last five years]( https://finviz.com/groups.ashx?g=industry&v=120&o=name) with Garmin significantly outperforming at [21.60% in the same time period](https://finviz.com/quote.ashx?t=GRMN). + +Garmin is the [second largest scientific & technical instruments company](https://finviz.com/screener.ashx?v=121&f=ind_scientifictechnicalinstruments&o=-marketcap) by market cap, second only to [Fortive Corporation](https://finviz.com/quote.ashx?t=FTV). GRMN’s market cap [currently sits at $22.78B]( https://finviz.com/quote.ashx?t=GRMN). Garmin makes up around 14% of the industry’s [$168.06B total market cap](https://finviz.com/groups.ashx?g=industry&v=120&o=name). + +#**The Company** + +Garmin Ltd. offers products in [five main categories](https://finance.yahoo.com/quote/GRMN/profile?p=GRMN): automotive, aviation, marine, outdoor, and fitness. In 2019, revenues were split between the segments as follows: + +Segment|Revenue +:--|:-- +Fitness|28% +Outdoor|24% +Aviation|20% +Auto|15% +Marine|13% + +The COVID-19 pandemic was a positive catalyst in Garmin’s marine, outdoor, and fitness categories. Overall, the Company experience a 19% increase in third quarter 2020 revenue, quarter-over-quarter. This is exceptional growth, especially considering Garmin’s exposure to aviation. + +As of the Company’s [third quarter 2020 earnings call](https://www8.garmin.com/aboutGarmin/invRelations/reports/2020_Q3_Earnings_Call_Transcript.pdf), marine revenues increased 54% quarter-over-quarter on increased consumer interest in boating and fishing. Garmin’s fitness segment saw a 35% increase in revenue from its wearable and cycling products. Notable, Garmin recently launched the [Venu Sq smartwatch](https://buy.garmin.com/en-US/US/p/707174). The Company’s outdoor segment saw revenue increases of 30% with strong sales increases for the [adventure watches](https://buy.garmin.com/en-US/US/outdoor_recreation/adventure-watches/c12520-c16900-p1.html) product line. + +Garmin did see decreased revenues it its automotive and aviation operations due to the affects of COVID-19. Automotive revenues decreased 6% in third quarter 2020, compared with the same quarter in 2019. The Company has introduced several exciting new automotive products, including Garmin Catalyst: “[an industry first real-time coaching tool designed to optimize track racing performance](https://www8.garmin.com/aboutGarmin/invRelations/reports/2020_Q3_Earnings_Call_Transcript.pdf).” In the same quarter, the Company became a Tier 1 supplier for BMW automobiles. + +The Company’s aviation segment suffered revenue decreases of 19% due to COVID-19. The Company does not manufacture or sell aircraft itself. However, Garmin does expect aviation sales to fall a further 17%. Increases in owner flown aircraft will help to mitigate some losses. One of Garmin’s most exciting products in the segment is its Autoland technology. + +#**Autoland** + +Garmin’s Autoland is “[taking the next step towards autonomous flight](https://www.avweb.com/aviation-news/garmin-autoland-approved-in-cirrus-vision-jet/)” by allowing aircraft to be autonomously landed through a single button press. The Autoland system considers environmental factors, chooses a viable airport, communicates with ATC, and then lands the aircraft on an available runway—all while providing updates to passengers. These updates include location, fuel, destination airport, and arrival time. Garmin’s research into autonomous landing may remind investors of Tesla, which is developing self-driving capabilities. Garmin’s Autoland should not be underestimated—it could become the base for full autonomous flight. + +Autoland can only currently be used in emergency situations where the pilot is not capable of landing the aircraft. “Autoland directs the aircraft to a suitable airport nearby for landing based upon a variety of conditions, including, but not limited to, weather, terrain, approach, runway and aircraft suitability.” +In third quarter 2020, the FAA certified Autoland for [use on the Cirrus Vision Jet](https://www.avweb.com/aviation-news/garmin-autoland-approved-in-cirrus-vision-jet/), adding to its previous certifications for the Piper M600 and Daher TBM 940. + +I spoke with a pilot regarding the Autoland technology. He “expects Garmin's new automatic landing systems will be found in most general aviation TAAs [technically advanced aircraft], in the next decade.” Many pilots around the world share that sentiment, especially during a time of great advancements in autonomous vehicles. + +#**Valuation** + +Year|Revenue*|EBITDA*|FCF* +:--|:--|:--|:-- +2016|$3,018,665|$741,900|$705,682 +2017|$3,087,004|$777,691|$660,842 +2018|$3,347,444|$882,153|$919,520 +2019|$3,757,505|$1,068,560|$698,549 + +*In thousands of USD; from [Yahoo Finance](https://finance.yahoo.com/quote/GRMN/financials?p=GRMN). + +Garmin has seen consistent revenue growth in the past five years but the earnings growth is even more impressive at [21.60% annual EPS growth](https://finviz.com/quote.ashx?t=grmn). The Company’s consistent EPS growth is indicative of its quality management and sustainability. The earnings growth has been priced into the share price at a [PEG of 3.23](https://finance.yahoo.com/quote/GRMN/key-statistics?p=GRMN). It should also be noted that free cash flows have fallen year-over-year amidst the COVID-19 pandemic. However, the Company remains fiscally healthy with [just $58.42M in debt and cash of $1.65B](https://finance.yahoo.com/quote/GRMN/key-statistics?p=GRMN). + +Ticker|GRMN +:--|:-- +Price|$118.48 +Market Cap|$22.78B +P/E|22.51 +PEG|3.23 +P/S|5.70 +Dividend|2.04% + +Still, the Company is fundamentally solid and will likely continue to grow. Garmin currently pays a [dividend of $2.44 per share, which is 2.04% of its share price](https://finviz.com/quote.ashx?t=grmn). The Company has increased its dividend payout in the [past eight consecutive years](https://www.macrotrends.net/stocks/charts/GRMN/garmin/dividend-yield-history); this makes it a good candidate for dividend growth investors. Garmin will become a dividend champion in the likely case that its payout increases the next two years. + +#**Conclusion** + +Garmin has seen immense growth in its marine, outdoor, and fitness segments. The Company’s investments in its Autoland product have put it at the forefront of autonomous flying. Garmin is a clear innovator in its industry and will likely continue to outperform the overall market. + +I personally believe Garmin’s investments in autonomous flight will make it a leader in the industry, much like Tesla has become in automotive self-driving. + +**Note: The opinions expressed in this passage are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to be consumed for educational purposes. At the time of posting, the author holds no financial position in Garmin Ltd. +Was the great transfer to Fidelity a genuine one? + +or a cleverly laid out shill plan? + +Has anyone done any serious digging on Fidelity with a fine tooth comb? + +It would be a very good idea considering the majority of GME shares from brokers that cut off buying are most likely transferred onto Fidelity now +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I'm bracing for downvotes but here goes: + +During the 2017 rally, I have invested a sum of $12K while bitcoin was gaining value like crazy. BTC was around 17K when I invested. I was very new to crypto & it was a mix of fomo & taking advice from people on reddit. Everyone was just so optimistic & posting links to articles like "BTC to hit 100k this year" etc. I fell for it. + +Couple weeks after my investment, BTC started tanking. Free fall, a total bloodbath. I kept coming back to Reddit for advice but since a lot of people on the BTC / ETHtrader subreddits have money in it, the subreddits were plagued with "HODL it's coming back up!" & other nonsense "TAs" with funny graphs & impossible predictions. + +Needless to say, I decided to HODL like most people were advising while my portfolio sank all the way to 2.5K (I had invested in some shitcoins as well that never recovered - also due to some reddit shills that were selling dreams but that's a story for another day lol...) + +I never sold. Simply re-arranged my portfolio, sold some shitcoins & reinvested in those who were tested & proved. + +BTC has now soared above 50K & it was just enough for me to be in the green again (due to some coins losing 95% of their value & never recovering). Looking back at it, selling during the drop or converting whatever I had to USDT then buying again when the bloodbath was over would have been a much smarter choice & my gains would have been much more substantial. + +All of this to say: Don't "HODL" blindly. BTC has gained immense value during the recent rally & eventually, it will crash again like it always does. When? No one really knows but sometimes, it's okay to sell so you can lock yourself in a better position after a big dip. Don't follow every optimistic advice because frankly, no one really knows where it's heading next. + +Note: I'm only blaming myself for my crypto misadventures. I should've been more careful. I should've researched more & made my own decisions. But one has to make rookie mistakes to learn from them... happy investing! +Article here: https://www.reuters.com/article/us-ford-motor-coo/ford-shakes-up-top-management-promises-faster-turnaround-idUSKBN2011SO + +Just a follow up to earnings a few days ago, looks like this is the board/managements response and Jim Hackett might be in the crosshairs for removal if things don't improve. + +Joe Hinrichs is also retiring and perhaps falling the sword here a bit. Hackett and the new COO, Jim Farley were also apparently behind the redesign of the Mach-E and the push to put it under the Mustang name if anyone was curious how that came about so a lot of upper management might have their futures tied pretty closely to the success or failure of that specific vehicle at this point. +Recently my employer has been pushing their internal charity pretty hard. I don't contribute to the charity. + +The person that works for the company that runs it has scheduled a meeting with me to understand why I don't contribute. I didn't volunteer this information, they apparently looked me up in their system. + +I can't help but feel uncomfortable about this. Does anyone have any opinion on this situation? + +Also I want to point out I work for a regular for profit company. + +Thanks in advance! + +Edit: +I felt like I should add some more details after reading some responses. The person that runs it is on the executive team. So this is probably the leading reason this is uncomfortable. I feel either intentionally or unintentionally this will be something I'm judged about by superiors and may detriment my future. This would obviously be illegal, but next to impossible to prove. That's just how I feel though having a one on one meeting be scheduled with me after such a hard organization wide push. +I’m a gen Z who just got my BA in Economics a couple months ago and have been following GME very closely since JAN. I don’t think Kenny understands that many Millennials and gen Z’s realize the economy we inherited is fucked. I along with many others have mental health problems due to the fact of feeling like we have a helpless future due to inflation, housing prices, minimum wage, tuition costs, the list goes on and on. GME is a chance for us to change our future. I don’t give a fuck about selling a couple shares on the way up to pay off my 50k student debt, what does that really help me in the long run? Nothing compared to the chance that GME presents. + +Side note to hedgies..you realize with depression I don’t feel anything if the price goes up or down so I don’t think diamond handing will be too difficult when I’m hodling for a future I’m actually excited about getting out of bed for. Ape stronger 💪 +[Peter Lynch: Just Hire The Guy Who Beats the Market - Duh!!?!](https://markets.businessinsider.com/news/stocks/peter-lynch-warren-buffett-passive-investing-index-funds-active-management-2021-12) + +This still gets me after all these years. + +I worked for a major investment bank as a Bond salesman and as an Analyst with an investment manager before that. I’ve covered Hedge Funds, Prop Shops, Family Offices, Pensions, Endowments, Sovereign Wealth funds, Insurance companies - you name it. Believe me when I tell you - hardly anybody beats the market. + +Oh sure, over a year or two, here or there, they might. And they’ll tell you all about it. But year over year? Rolling 3 and 5 years? 15-20 years? No chance. Maybe 2-3 funds actually do have consistent long term alpha, net of fees, but if you’re reading this, they aren’t interested in taking your money. + +Peter tells us: + +"Our fund managers, our active guys, have beaten the hell out of the market for 10, 20, 30 years," + +He cites one guy. + +There are over 10,000 registered mutual funds and ETFs. + +This is exactly like telling your old, homely, fat, short, balding, bespectacled, divorced buddy to just date a supermodel. + +Or saying “all you have to do to be a Billionaire is work for the right start-up.” + +Sure, the next Unicorn is being founded right now. But do you know the founder? Where they are? Did you apply? Were you hired? Did they get funded? Did you get options? Did the product survive client churn? Patent issues? Lawsuits? Insurance claims? The CEO have #MeToo issues at the Christmas party? + +A positive answer to any of these questions is a thread you’re throwing through the eye of a needle from 15 yards away. + +S&P/Dow Jones does a study every year about the ��Persistence of Performance” of active managers. For all US Large Cap Core mutual funds with a 20 year track record that bench to the S&P 500: 95.31% underperformed the index. + +This study also accounts for survivorship. Going back those same 20 years, 73.5% of All US Large Cap funds do NOT survive. + +So, your chances of finding an active manager who not only doesn’t get the boot or go out of business AND he/she consistently outperforms the benchmark for the (more than) 20 years you need to save for retirement? Slim to none. + +Oh yeah, and you have to pay the management fee, 12b-1s, trading commissions/spreads, and their capital gains tax bill each year. + +So yes, Peter Lynch/William Danoff/Bill Miller was that one guy who did that one thing that one time, and proud we are of all of them. + +But who’s the next? + +Maybe Peter will tell me. + +EDIT: + +Thanks for all the great feedback and discussion! Just to clarify a couple quick points. I am not arguing that it is impossible to outperform, it very clearly happens otherwise nobody would know Peter Lynch's name. + +Here is my main point summarized: + +What are the CHANCES that a Portfolio Manager outperforms the market net of fees and taxes over the course of their career? + +Not Zero. + +What are the chance that YOU WILL PICK the next Manager out of 10,000 to do that? + +Zero. + +You aren't looking for a needle in the haystack. You are looking for the piece of hay that turns into a needle. + + +Thanks again for reading and commenting. +Came across this CNBC video from Scott Galloway: ["Do this and you're guaranteed to be rich"](https://www.cnbc.com/video/2018/09/18/scott-galloway-do-this-and-youre-guaranteed-to-be-rich.html) + +It was refreshingly simple and directly in line with FIRE principles. Essentially: start saving young, pay yourself first, spend less than you earn. He defines "rich" as simply making more passive income than your burn. + +If you're interested, the more tangentially related video that led me there was his TED talk (read: rant) from last year on [how tech companies manipulate our emotions](https://www.ted.com/talks/scott_galloway_how_amazon_apple_facebook_and_google_manipulate_our_emotions/up-next#t-889931). +Hi Ausfinance people, +I found myself in a bind late October & needed cash asap from a fast pay loan but now I'm struggling to pay it off as my issue is that when money gets taken for repayment, I am short on funds to support myself so I ended up going to withdraw more money to get by and this is how I got stuck in this cycle. +This is even worse when my consolidated debt monthly repayment is due and I'm even more strapped. + +https://www.cnbc.com/2019/12/19/heres-where-the-wealthiest-investors-are-finding-opportunities.html?utm_source=www.google.com + + +The break down is 29% in real-estate, 24% in private equity, 21% in public equity and the rest in fixed income (10%), cash (12%) hedge funds (3%) and commodities (1%). +With the [shenanigans Polo is pulling](https://np.reddit.com/r/ethtrader/comments/51c60y/why_was_ethereum_classic_never_opened_for/) and the shit show that is BFX, there is no good reason to be supporting them any longer. [GDAX insures deposits](https://support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured-). Show some love, put your money where your opinion is and move at least a portion of your trading over there. +We already came close to Bitcoins market cap twice. +More and more projects going live for ethereum, development is going very strong. +What do you think, will the next bull run bring us over bitcoins market cap ? +Hello, I have been following PF for a while now, and greatly appreciate everyones help and information that I have used and shared over the past. Now to the reason I am posting: + +My mother had a stroke around September 2017. She was at work at the time of the stroke, and has been working with a workers comp insurance agency since the incident. From the information I have been told, it sounds like they have been advocating for my mom, and working their best to give her sufficient support, and have been paying for her medical expenses as well as a portion of her original monthly pay. + +Now, about six months later, they are offering her a settlement, to not return to her job. She says that she will be getting health care insurance through medicaid. So if she is going to be getting health care, and she doesn't know when she will be better, or when she will be well enough to return to her job, what are her best options? + +Is her best option most likely to take the settlement? What kind of questions should she be asking? Or should I be asking her? Is there someone she should be hiring to help in this situation? Any suggestions or advice would be greatly appreciated. Thank you all for your time! + +**edit:** +Thank you everyone for your advice and input. I will look into get a consultation with a lawyer and go from there. Thanks again! + + +**Project Overview** + +* In the last few months, decentralized finance has seen an explosion in various new types of financial products on the blockchain. Elastic supply tokens, also known as rebasing or rebalancing tokens, are gaining traction and popularity in the crypto space. There are various supply elastic projects that have gained traction such as Ampleforth, Yam Finance and Base Protocol, amongst others. A recently launched supply elastic token that is unique and innovative is Benchmark Protocol. Benchmark Protocol is meant to withstand liquidation events during periods of high volatility by removing or adding tokens to total supply by conforming to capital markets, volatility driven trading activity. As such, the main utility behind Benchmark uses a two-pronged approach: hedge and collateral. +* The MARK token is the native asset in the Benchmark network and provides only the utility value available to it through the network. The supply of MARK token adjusts by tracking the movement of the CBOE volatility index (VIX), also known as the fear index. Generally, if there is more fear in capital markets, the VIX index will increase, making it more expensive to hedge your portfolio. The CBOE VIX futures contract is the most frequently traded, exchange-listed volatility futures contract in the world. The derivatives market, which is heavily relied upon by the VIX, is said to be valued at over $1 quadrillion dollars. VIX futures provide market participants with opportunities to trade their view of the future direction of the expected volatility of the S&P 500 Index. +* Supply elastic tokens are built to adjust for inflation; for instance, Ampleforth targets the price of 1 US Dollar by adjusting for US inflation. However, Benchmark Protocol’s target price, the SDR, is adjusted for global inflation through five major currencies via the SDR. This makes Benchmark Protocol a viable alternative for well rounded inflation adjustments which are more stable and global. +* Ampleforth has a set rebase time, allowing for arbitrage situations, which may be very unfavorable to certain types of traders. Benchmark Protocol rebalances supply within a 5-hour window after closure of the NYSE to reduce arbitrage activity. Furthermore, there will be no supply adjustments on weekends, coinciding with capital market activity. +* MARK utilizes the VIX to inform the rebase mechanism, creating a more predictive and accurate process. + +Rewards: + +1. Benchmark has rolled out a comprehensive LP rewards program: The Press. The Press features core MARK Pairs, starting with MARK-ETH and MARK-USDC on Uniswap. Current APY is between 200-300%. The list of supported pairs will be expanded over the lifetime of the program. The Press will run over a course of 3–7 years, depending on distribution velocity and programs. In order to facilitate this, the MARK per block on The Press will be routinely adjusted based on the supply changes of the MARK token. A unique feature of The Press is that unclaimed rewards (rewards that have accrued but not been claimed by a wallet or smart contract) are not subject to supply adjustments. This further promotes long term price stability around the peg. +2. Single-asset staking model was recently introduced, which is known as “The Standard.” The Standard token symbol is xMARK; these tokens are issued in exchange for staked MARK tokens. xMARK tokens represent a fractional ownership in the overall MARK staking pool. Current APY is \~ 10%. Users are able to swap back xMARK for their staked MARK at any point in time and xMARK tokens are not affected by rebases. However, the underlying MARK token representation will be affected by rebases and still represent a fixed percentage share of the network. The Standard (xMARK) token will also be used to help Benchmark Protocol forge a path to decentralized On-Chain Governance. The first step towards this is utilizing Snapshot.page for token weighted voting. Additionally, since xMARK itself is unaffected by rebasements, this allows Benchmark Protocol to expose MARK to conventional platforms that are not currently compatible with elastic-supply currencies. + +**All-Star Team** + +Non-anonymous team with leadership from traditional finance space, including firms such as Citibank and Duff & Phelps + +. + +Advisors from projects such as Solana, Ren, DataDash, Binance, Coinshares, Ocean Protocol, bZx and more. + +Innovative Partnerships with the likes of Ren, Solana, Polygon, Binance Smart Chain, Ocean Protocol, Pancakeswap, Quickswap, xDai, DODO, Wanchain and many more + +**Functionality** + +MARK is an elastic supply rebase token, like Ampleforth, but with a twist. + +The target peg is the SDR - a basket of 5 currencies, which hedges single currency risk. + +They use data from the Volatility Index (the VIX) to predict volatility with markets. If you suspect future market volatility coming after months of gains, this could be your best bet to hedge your portfolio. + +Advisor DataDash brief breakdown on the project’s model mechanics. [https://www.youtube.com/watch?v=vcQvzw69av0&t=533s](https://www.youtube.com/watch?v=vcQvzw69av0&t=533s) + +You can currently farm MARK tokens with Uniswap LP pools earning upwards of 300% APY and your xMark tokens on PancakeSwap (280% APY), QuickSwap (800% APY) + +You can stake xMARK in a single asset staking model. Rewards have recently been increased by 150% Very unique feature here because they issue a non-rebasing token in exchange for staking MARK. It isn’t affected by impermanent loss and compounds interest daily. + +Great for integrations with CEX and other projects. + +Currently building Lending Platform to be launched Q2 2021 featuring projects such as Golem and Ocean Protocol. + +**Growth Opportunity** + +MARK is like AMPL in that they both rebase. + +The valuation $20-25m market cap is tiny with everything the team is building versus Ampleforth which is a $250m market cap. That’s a quick 10x upside to reach AMPL. The addition of their Benchmark Marketplace will allow peer to peer lending with some of the bigger names in crypto. + +Partnering with Defi.org and their affiliation with Binance and Orbs will propel Benchmarks long term outlook. This will enable them to open doors to future CEX and DEX opportunities. There are rumors of new exchange listings coming soon, so this is worth keeping an eye on. The non anon team and community are very bullish on the future of this project. + +**Recent News:** + +* Defi.org - Powered by Binance and OrbsNetwork, has selected Benchmark Protocol to be accepted into it's NEW Accelerator program!!! + +[https://twitter.com/Benchmark\_DeFi/status/1371444405010370564?s=20](https://twitter.com/Benchmark_DeFi/status/1371444405010370564?s=20) + +* PancakeSwap Welcomes [u/Benchmark\_DeFi](https://www.reddit.com/u/Benchmark_DeFi/) to Syrup Pool! + +[https://pancakeswap.medium.com/pancakeswap-welcomes-benchmark-protocol-to-syrup-pool-7eceea02c640](https://pancakeswap.medium.com/pancakeswap-welcomes-benchmark-protocol-to-syrup-pool-7eceea02c640) + +* Benchmark Protocol Successfully Integrates with Solana Network + +[https://medium.com/benchmarkprotocol/benchmark-protocol-integrates-with-solana-network-c5d9eab5aa09](https://medium.com/benchmarkprotocol/benchmark-protocol-integrates-with-solana-network-c5d9eab5aa09) + +* Benchmark Protocols xMark now supported on Binance Smart Chain + +[https://medium.com/benchmarkprotocol/xmark-now-supported-on-binance-smart-chain-4f8fa9e7ecb0](https://medium.com/benchmarkprotocol/xmark-now-supported-on-binance-smart-chain-4f8fa9e7ecb0) + +* Ocean Protocol partners with Benchmark Protocol to list OCEAN on lending platform + +[https://medium.com/benchmarkprotocol/ocean-protocol-partners-with-benchmark-protocol-to-list-ocean-on-lending-platform-c59125025980](https://medium.com/benchmarkprotocol/ocean-protocol-partners-with-benchmark-protocol-to-list-ocean-on-lending-platform-c59125025980) + +* Benchmark Protocol whitelists Golem (GLM) in advance of the Benchmark Marketplace Launch + +[https://medium.com/benchmarkprotocol/benchmark-protocol-whitelists-golem-glm-in-advance-of-the-benchmark-marketplace-launch-8ec491405432](https://medium.com/benchmarkprotocol/benchmark-protocol-whitelists-golem-glm-in-advance-of-the-benchmark-marketplace-launch-8ec491405432) + +* Benchmark added to Dodo Dex! + +[https://twitter.com/Benchmark\_DeFi/status/1366376163103367169](https://twitter.com/Benchmark_DeFi/status/1366376163103367169) + +* Two NEW [u/BalancerLabs](https://www.reddit.com/u/BalancerLabs/) pools are now LIVE on their website at the press + +[https://twitter.com/Benchmark\_DeFi/status/1371849091609735168](https://twitter.com/Benchmark_DeFi/status/1371849091609735168) + +**Media:** + +* DataDash, [u/Nicholas\_Merten](https://www.reddit.com/u/Nicholas_Merten/) takes a great in-depth valuation based approach for researching altcoins to keep an eye on for the upcoming altcoin cycle. Benchmark is discussed at the timestamp in the link: [https://youtu.be/sAK2gE-e2c8?t=1134](https://youtu.be/sAK2gE-e2c8?t=1134) +* Token Metrics interview with COO Kurt: [https://youtu.be/28XpvXuw1HE](https://youtu.be/28XpvXuw1HE) +* Token Metrics: Is Benchmark Protocol (MARK) Undervalued? How High Can MARK Go?[https://youtu.be/gmksnHw0r98](https://youtu.be/gmksnHw0r98) + +**Learn more and follow Benchmark here:** + +**Twitter:** [**https://twitter.com/benchmark\_defi**](https://twitter.com/benchmark_defi) + +**Medium:** [**https://medium.com/benchmarkprotocol**](https://medium.com/benchmarkprotocol) + +**Reddit:** [**https://www.reddit.com/r/BenchmarkProtocol/**](https://www.reddit.com/r/BenchmarkProtocol/) + +**Telegram: @ benchmark\_protocol** + +**Discord:** [**https://discord.com/invite/HcxAEaHG3X**](https://discord.com/invite/HcxAEaHG3X) +Living in Nevada. Had a 6 month lease that ended. Attempted to call multiple times to let them know that I will not be resigning with no call backs from the property management company. Unfortunately, I did not email in the request. + +Flash forward, lease has ended and I moved out. Get call few days later that I would need to pay a “severance lease” of 3 months’ worth of rent? How could this be possible if my lease has already officially ended and I never signed any new lease on the property? I feel like it’s a scam, but they are saying they will move forward on evicting me… but my lease has already ended and I already moved out. Very confusing +I recall a couple months ago, it seemed like we were getting a post every few days about a new crypto millionaire, just was wondering what their thoughts are now. + +/u/105kgSysAdmin, /u/plzraiselimits, /u/cryptothrowaway256 +[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/) +Oh boy! What a day! + + +Apparently the DTCC told banks that the split was just a regular split and NOT a split dividend. + +At least according to [this](https://community.comdirect.de/t5/Wertpapiere-Anlage/GameStop-Dividend-Split/td-p/243671) thread (german) the representative of Comdirect claimed that the DTCC (well he spelled it DTTC) has marked the split as a regular split since the day of the split. + + +They MAY only get their information from ["WM Datenservice"](https://www.wmdaten.de/index.php) so it's unclear for now if WM Datenservice is the source for this claim or if it really is the DTCC / Clearstream. + +I did get worried that GameStop may have filled some form wrong (unlikely, I know) so I went searching and found +[this document signed by GameStop](https://gamestop.gcs-web.com/static-files/1764b8e4-0e1d-41a6-b502-8c5ab7604dc8). + + +It is directly linked to on their [investors relationship](https://gamestop.gcs-web.com/stock-split) site. + + + +Please note the wording they used: + +"On July 5, 2022, the board of directors of GameStop Corp. ("GME") approved a 4:1 stock split to be distributed as a stock dividend (the "Distribution"). The Distribution was made on July 21, 2022 to GME shareholders of record as of July 18, 2022 (the "Record Date"). Each GME shareholder received three additional shares of GME Class A Common Stock ("New GME Shares") for each share of GME Class A Common Stock ("Existing GME Share") held by such shareholder at the Record Date. +No cash was paid in lieu of fractional shares." + + +The Distribution WAS made! They have sent out the shares, they are done, they have distributed the split dividend. + + + + +Everything in their public documents (and that's the one sent to the IRS) and statements makes it 100%, unmistakeably clear that they had issued a split via SHARE DIVIDEND and not a regular split and that they have fully paid out that dividend. + + + +Now this leaves two possibilities I can think of: + +- GameStop sent out or claims to have sent out the shares but managed to screw some form up so bad that they declared it as a regular split (in that case: Who got these free shares? There would now be 8x as many shares out there.) + +OR + +- Some banks got no split dividend shares and were told to handle it as a regular split by the very institutions liable(?) for delivering the split dividend shares + + + + +I'll leave up to you what you think to be more likely. + + +Really curious to see how this play out. Buckle up and obviously not financial advice :) +I wanted to build a crypto algo, and wanted to look at fundamental value of crypto. I thought it was github history. + +Decided to analyze the coins using this method, but it turned out to be mostly noise. + +I thought I’d have to analyze it along some other dimension. (I didn’t want to use pricing data). Can you suggest any interesting ones to look at? + +Also, let me know if you wish to try the git analysis yourself - maybe I missed something, I can share a nice csv dataset. +I need math/coding help for my bot. + +I'm trying to make a personal algorithm that is adaptive - adjusts the buy/sell threshold depending on the previous buy/sell trade. But doing for loops to do iterations is very compute expensive. So I was thinking of doing matrix manipulation. It will go something like this: + +A = \[1xn\] : previous buy/sell snapshot + +B = \[1xn\] : single buy entry \* trading fee + +C = \[1xn\] : single sell exit \*trading fee + +D = ABC + +the result would be a 3 dimensional matrix that encompasses all possible entry/exit points. and a single slice of this 3D space should be an optimum 2D array ( whose last index is maximum ) wherein I would extract the buy/sell thresholds. + +The problem is how should B and C look like to produce D that contains how the investment would perform as a result? +Hi everyone, new to algotrading. One of the first things I thought of was using web data in addition to financial analysis to further strengthen my investment thesis. + +To put into example what I mean, Let's say I've been looking at a Sports Gambling stock, One of my ideas, would be to scrape data on the keyword search and popularity in States that gamble the most, if they surpass their competitors, it may be a sign that they're poised to outperform/doing well. + +I've been looking around for pre-made datasets and feel like they might help rather than webscraping manually myself but don't have much experience with it. + +I feel that alternative data in addition to prior knowledge in financial markets may allow me to create something similar to a Hedge Fund strategy, obviously on a much lower level due to being a sole individual, but I would imagine it provides to be much more valuable than standard stock research using SEC reports, analyst notes, etc. + +Let me know what you guys think and/or if you have previous experience using alternative data for your trading. +I too read the synopsis from Rensole stating that he wanted to cover his investment, and I was surprised. + +Well, here's why I think THAT MAKES NO SENSE: + +1. I get the idea that when you sell one or more shares to cover your investment, you see the rest as bonus cash. Well, you will have less bonus cash if everyone does this on the way up, as the peaks will be lower. + +2. A lot of apes has stated that the MOASS will last for hours, days and even weeks. Then there is plenty of time to cover the investment on the real highs. + +3. If all goes wrong, and you're taking a shit for 5 days in a row, with no internet connection, cover your investment by selling when the MOASS is over. This way everyone will get more tendies! + +I for sure will cover my investment during the DESCENT from the MOASS! + +This is not financial advice, just this smooth brain's own opinion. +💎💎🙌🙌🙌🚀🚀🚀🚀🚀 + +EDIT: I'm sure rensole don't see this as an attack on him. I love his work, i just disagree with covering on the way up + +EDIT2: I see the downvoting taking off now. I take that as a compliment! +Hey everyone, + +I’m very new to real estate investing and need some help. + +How do I find a good deal, I’ve been looking on sites like right move to find properties. What due diligence do I need to do and how do I calculate costs and profits and know what work needs doing. + +What does a good deal look like can you give some examples. And some examples of bad deals. +Which one of the following four options would be best for maximizing cash flow with $250k cash? + +1. Buy multiple SFH's using a portion of the 250k for each down payment + +2. Buy one SFH or duplex for 250k cash, no mortgage + +3. Use the entire 250k as a down payment for a $1 mil. property + +4. Non-accredited investor syndication + +To reiterate, I want to maximize short term cash flow with the ability to expand in the future.  + + +(I'm open to suggestions other than these four to be clear, these are just the four options that came to mind) + + +Cross post from r/financialindependence. I have the opportunity to purchase the 4bd / 3 bath home I've been living in for the last 6 years. I'm looking to for advice on whether I'm over extending myself and sacrificing FIRE as a result. Here are some details: + +**Me:** + +* 30 years old +* Single +* Live on the west coast near a major city +* A lot of job opportunities in the area and have no plans to move away in the future + +**Income:** + +* Variable at $95k-$140k/yr + +**Savings:** + +* ***401k***: $45k + + * Currently contribute 20% to 401k with a 3% match +* ***Roth:*** $30k + + * Max out yearly and have $4500 left this year. +* ***Cash Savings:*** $65k + + * Saving aggressively for down payment. +* ***No debt*** other than revolving monthly expenses + +**Housing:** + +* I currently pay about $1k/mo for rent, utilities, cable. +* Have roommates in a living situation that is very favorable and they pay the remainder of the monthly expenses of about $1.8k. +* The roommates will likely move out in 1 year and I don't currently have anyone to take their place. +* The owners said they would sell the house to me when our lease expires in a few months. +* **Option 1: Rent a 1 bedroom apartment that would be a downgrade from my current situation for about $1700/mo + utilities and cable.** +* **Option 2: Purchase current home off the market for about $445,000 with about 15% down and a 30yr rate of 4.3%.** + + * Built in early 2000s, \~2000sq feet, no immediate need for repairs though the roof will need to be replaced within 5 years, the exterior will need to be painted sooner, and eventually I'll want to put new flooring/carpet in and replace appliances as needed. Average value of homes in the neighborhood are $500k and figure this house could be as well with some upgrades. + * ***Monthly costs with interest, taxes, and PMI would be about $2700 excluding utilities and cable.*** + * ***Auxiliary income possibilities***\*:\* Close to the airport and transportation into the city so I could easily Airbnb the basement for $90/night. In addition to Airbnb OR in place of, I could get roommates to offset the cost as I would have 3 spare bedrooms. + +There are non-financial reasons for me to buy this house. Since I have lived here for 6 years, I know my neighbors and know the area is near perfect for me. It's always been a dream to own my own house and I enjoy the upkeep and small projects. + +I don't want to sacrifice the FIRE journey however. Will I be shooting myself in my financial foot by buying this house? + +Thanks for reading +A little background, I’m 24 years old, I have SOME money saved up, some money tied to stocks and a stable income. For the last few months I’ve been really interested in real estate investing and learning about it has been an absolute blast. The only issue is I see a lot of misleading information on the internet and some of it contradicts itself. Figured I would try and reach out to some people doing it in the real world and get some real world advice. + +How accurate is charging 0.9-1.1% of the home value as rent? the issue I have with this is property tax in my area is extremely high (2.69 per $100). So if I were to say take a mortgage out on a property that was 150k, with mortgage payment and other fees and property tax. My total income that month would be substantially low (<$300). What is some advice you have in regards to that? + +Another question is, I see plenty of places advertising low down payments (<5%) for first time home buyers with decent credit, is this a good route to go or should I aim for that 20% down payment? Has anyone gotten into it with low to no money at all? + +What other costs have you experienced that I should take into consideration? + +What are some good sites for rental investments? +I’m aware of podcasts like bigger pockets but I was just wondering if anyone knew of real no BS youtube channels dedicated to educating or showing examples of real estate investing. Trying to filter through all the garbage is ridiculous. Please let me know if you have found any investing gems so to speak. +I'm very new to real estate investing and have come across the availability of fractional ownership of a suite at a fairly popular ski resort. At face value, it looks like I could make a good return if I treat it solely as a rental property. However from much of my research online, they say that a fractional situation will rarely ever work as a meaningful investment. Does anyone here have experience using fractional real estate as a way to invest your money and make a decent return? + +Thanks for your replies! +Recently heard about Roofstock through a friend. He successfully purchased a rental property through it and said it was an amazing process. Everything was quick and smooth. + +Now im wondering if anyone owned a property through them for more than a year or two? How are the results etc? +CBA and Westpac have discarded their dire outlooks. Capital Economics believes home values will surge 7 per cent higher next year. ANZ, NAB and UBS should roll over soon. + +https://www.afr.com/wealth/personal-finance/housing-bears-becoming-extinct-as-forecasts-turn-bullish-20200930-p560oh +I believe: + +&#x200B; + +* Rates are staying low for some time +* Aussie dollar will remain weak against USD + +&#x200B; + +How to make the most of this? + +&#x200B; + +1. Borrow money to invest in things you expect to return more than your interest rate +2. Buy US stocks + +&#x200B; + +Yes, there is risk in both. There's also risk in inaction. Are your decisions based on fear or a goal? + +&#x200B; + +Will you be doing either of these things, or sitting on the sidelines watching others? + +&#x200B; + +Agree? Disagree? Why? +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! + +What a morale at Polo, must have been an poloinsider greedy whale to list ETC and cashing double. +Never underestimate the other guys GREED. +Withdrew everything NEVER coming back there! + +Oh, but what about the children? + +The choice is yours kids. You can spend your life, money, and resources propping up a leaning tower of babble that is doomed to failure, or you can create new distributed economic systems that replace the antiquated architecture. + +These new systems may become disruptive to the baby boomer's retirement program. They will bitch and moan; they will cry foul. They will cry terrorist. They will once again wrap themselves in the tattered flag and call for patriotism. Just remember, it's all bullshit. Don't enslave yourself to their horrible business decisions. The national debt in the US is a monster. You were born, on average, about $40,000 in debt. WTF!-the same idiots that preach self reliance, pulling yourself up by your bootstraps, and economic responsibility simultaneously burden you with enormous life crushing toxic debt. +Don't play their game kids. Make your own game. Your own rules. Don't be saddled by their failure. + +Over the last 6 months, I have begun acquiring long-term rental real estate at a pretty fast rate. After a seller accepted a recent offer of mine, I naturally took the contract to the bank. + +After reviewing my personal financial statement and given my largely new real estate portfolio value relative to my equity position, the bank required a much larger down payment to finance this property than past loans. The loan officer commented that I had more than enough liquid assets to make this down payment if I would sell some of my Bitcoin. Rather than sell Bitcoin to fund this downpayment for cashflowing real estate, I exercised the financing contingency in the sales contract and backed out of the deal due to inability to obtain financing. + +I tell you all this because I believe that the Bitcoin position in my portfolio is far more valuable than anything else I could reasonably buy. The thought of selling even a single sat to purchase anything else just seems foolish. + +Keep stacking! +The website isn't active yet, but I've heard from 2 different people that they already paid $80 to file because they had their W-2s. They didn't know about the freefile option from the IRS website. Last year the website was active on January 15th. + +Also, one person told me there was a hiccup with getting his stimulus check because he paid to file through H&R Block from his refund last year. But that has been fixed now. + +Edit: it's been gently pointed out that I'm dumb. I forgot to link to the [irs.gov freefile](https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free) website. I was tired when I posted, so I'm not sure if it was intentional or not, but here's the link. + +I know there are other ways/websites that allow you to do your taxes for free or fill out the forms to mail in. I personally prefer to use the IRS provided list though. It just seems like a safer choice to me than duckduckgoing for free tax websites, considering I'm using direct deposit. +Should one just wait through it? Sell before/during? + +Edit: Thanks a bunch to anyone who shared their thoughts on this! + I can't belive this got 200 + replies! + +I feel like i have learned a lot from this, and i would advise anybody, who haven't experienced a real crisis like one in 08' to read the whole thread. +i am gonna keep this short because this topic can be a book. anyway, i feel when you talk about todays financial struggles there will be atleast one person doing well in software that downplays you as a lazy bum, an idiot etc for having financial issues since getting into software will solve your issues instantly and they wonder WHY NOT JUST DO THAT ?. + + + +the thing is not everyone can make it work. it takes a special person to tolerate being in front of a screen for so long for years, also not everyone has the patience for coding to begin with, and basically there are a lot of people that just hate it and becoming a dev will lead to serious depression. also its just super depressing that there really is only a handful of careers that have decent pay, + +like we are forced to choose from maybe 11 career paths to just be able pay rent. +I'm sure all novice investors have gotten the idea to buy options before earnings in hopes of making outrageous money on big moves, only to be brought back down to earth by the IV crush concept. + +So yesterday (Jan 20) I bought one NFLX $400 PUT Exp. 1/28 for $56 in hopes of learning about the infamous IV crush from firsthand experience. This morning (Jan 21) I sold said put for $1500 and learned absolutely nothing of IV crush. + +Why didn't my put get crushed? Can someone actually explain how it works and when it does/doesn't happen? Thank you! + +EDIT: I think it’s interesting that a lot of responses are “first time is always free” and “beginners luck”. I’ve been trading regular stocks for 3 years, options for about 4 months. The only thing “first time” about this put is that it was intentionally purchased before earnings and not even for the sake of making money, I was fully prepared, even almost looking forward to losing the 56 bucks to get a lesson out of it. Guess I could’ve just asked Reddit lol. Its just no matter how much I’ve googled and YouTubed I haven’t quite fully understood the iv crush concept. Even after great answers here I still don’t get it all the way, I guess there’s just multiple moving variables in calculating an options price that I need to dive deeper in understanding. +I must be going a little insane here. I've messaged the mods and no one has responded to me yet someone continues to decide to remove posts from the front page. + +Two recent examples I can recall is a post from two nights ago about someone pitching a new idea to his boss about MCA (merchant cash advances) and the topic was figuring out if such a concept already existed in the financial world. The second one is from last night where a user asked about fundamental interest rate swap information. + +I can't see how those two topics are unrelated to finance. I also find it strange that the next day when I try to check up on those threads the post says [removed] and I can't find it anywhere except from my post history. + +I've PM'd one of the OPs about this to ask then why they removed their thread and they tell me they didn't. Furthermore they tell me that they don't even see the [removed] sign. + +I just don't understand why threads that actually promote RELEVANT discussion are being closed without notice and removed from the front page while there are still threads that have < 1 comment and are some click bait articles about gold. + +Any light on this is appreciated. +I was offered a job at a Broker firm which sponsored me for my series 7 (passed) and 63 (supposed to take this Sunday). I began working yesterday and found out it was a 100% cold calling job. I originally thought it was 70% this plus some other tasks. The job was 13 hour workdays (7:30 AM - 8 PM) and the first 3 months were training, in which I would be paid $300/week. + +Yesterday, on my first day, I was given a script to memorize about a stock to sell which included me lying to the customer (saying I had spoken to them before earlier in the year about a stock that had jumped in price 40% and that they missed out on the investment). I spent about 5 hours yesterday and another 7 hours today cold calling people with about 6 total pitches (reading the script all the way through) and 0 clients. I felt very guilty about this whole ordeal and very dirty because I felt like I was lying to people and then even if they say they are not invested (politely) I am supposed to ignore them and continue with the script until they hang up. + +I quit on my 2nd day, because this is not what I thought I had signed up for. I feel like it isn't a waste of time because I did get my series 7 out of this, so only the past 2 days were a waste, I feel like...although did learn what I don't want to do. + +My question is are all broker firms similar to this type of job? Of course there need to be some amount of cold calling, but are there people who work at these firms that devote 100%of their time to this task? + +Sorry for the big rant, just wanted to provide the specifics of what went down the past few days. There are more things, but I think I covered most of what was bothering me. + +EDIT: A lot of people keep commenting on how there were criminal activities done at this firm. While I did dislike my time here, I am failing to see specifically what crimes were committed. Can people please explain what I am missing? +These funds are created by marketing teams. While it sounds good on paper, most thematic ETFs underperform the broad market and their main goal is to justify higher costs. + +We had many great examples against such products in the past. However, everytime a specific sector outperforms, I see many people allocating a significant portion of their portfolio. + +In 2020 we had ICLN (Clean Energy), which dropped by almost 50% since it’s peak last year and has never come close to it‘s starting price in 2008. Disruptive Technology was also considered a safe bet for outperforming the market and many people posted portfolios with ARKK, down more than 50%. I also remember similar trends with 3D printing and Cannabis and I’m sure there are many more good examples in the past. + +The new big thing is semiconductors. Everybody needs some SOXX since we will always need more computer chips in the digital age we live in. What people miss though is that the semiconductor industry is cyclical in nature and it has crashed multiple times before. + +SOXX is down 15% YTD which is only slightly more than the Nasdaq-100 to be fair. However, multiple companies in this sector have just released their quarterly numbers and the projections for the upcoming year are underwhelming. On top of that, the amount of investments to increase supply are staggering with intel spending 20 billion on a new factory and TSMC also building up supply significantly. + +I can’t tell if SOXX will really underperform going forward but I want to warn people who think it’s a safe bet. + +TLDR: Thematic ETFs are made by marketing to sell higher fees and that’s about it. All you really need is a broad indexfund to cover stocks for your portfolio. + +Edit: Sombody pointed out that the dates are chosen arbitrarily to undermine my point which is true. In [this](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3765063) paper from 2021, it was estimated that specialized ETFs underperform the market on a risk-adjusted basis and after fees by 3,1% per year. The title ”Competition for Attention in the ETF Space“ undermines my point that these product are probably created based on marketing. +What they pulled was really irresponsable and downright damaging to the ICO scene. Something like this just puts more doubt into investors minds just as we are seeing signs of recovery from the bear market. Tricking people into thinking you buggered off with their money is just not a good approach. If this happened in the traditional VC scene I dont think a single investor would work with them again, let alone invest. Wouldn´t surprise me if we see a dump after the coin is listed. + +Here´s the founder attempting to explain his reasoning: http://anditsg.one/ +So many valueless coins at hundreds of millions of dollars in value or even billions (Ripple)... + +As a value investor, everything seems massively overpriced. + +Anyone have any ideas on where it ends or what happens next? I can't see Doge coin (as much as I would like to) go up to 10s of billions of dollars (currently at around half a billion in market value). +http://news.sky.com/story/is-amazon-preparing-to-accept-payments-in-bitcoin-11109816 + +Look at that article's title, yet Amazon registered Amazonbitcoin.com three years ago! + +Now read the article, it mentions that Amazon recently registered Amazonethereum.com, amazoncryptocurrency.com and Amazoncryptocurrencies.com yet nowhere does the article actually make a point of what Ethereum is or even mention that Ethereum is the number two cryptocurrency. + +Instead all it talks about is bitcoin ATH. As long as these articles are being written and Ethereum is being ignored by the mainstream media, then Bitcoin will continue to be the name/brand that the average Joe associates with crypto and will be the first thing everyday people start investing in within the crypto space. +Many of you have dontated to the gofundme for BluPrince. I have to tell all of you a story. One year ago almost to the day, our boy Blu, who is a very good old friend of mine, convinced me to join this community and put some of my meager savings into gme. He convinced me. This was right when he wrote the Infinity Pool DD. I have never invested in stocks, I am a hard anti-banking institution type and he knew that and knew that I hated the way fincance works in general and he knew I would absolutely dig what you all are doing. And so I got in. And I held. And I waited. And I checked in with our boy now and again to talk about all things life. + +Finding out about his passing was very hard. I have lost people, and as you know he was before his time, and it hit me pretty damn hard. I was racked with thoughts of his family and the times that I selfishly would not get to spend in his company for the duration of this trip on Earth. + +It sucks. This man you knew as BluPrince was truly a real one. + +I looked at his gofundme today and I melted into a puddle of my own happy tears as I realized that his daughter was looking good. It calmed an anxiety that had been eating at me for 48 hours. + +&#x200B; + +So... thank you, fellow Ape. Know that your kindness and thoughfulness is what he told me was the reason I needed to join, and he was right. And over the last year I have had a silly thought time and again, "maybe I should close out". and you all know what decision I have arrived at now. + +&#x200B; + +Hold that shit. For our boy Blu. His name was Justin Horn and he was a Titan. I am here to tell all of you that that was the best money you could have spent. You came through for that man and I am eternally grateful to all of you. Regardless of how this all turns out. + +&#x200B; + +So thank you, my fellow Apes. You showed me warmth this week I was not expecting. Take Maia to the moon, my apes. Thank you, thank you, thank you. +The market is closed today so I thought to post some fun **history** about stock market! + +&#x200B; + +* Belgium had the world's first stock market(without actual stocks) back in 1400's. +* The East India Company is widely recognized as the world’s first publicly traded company and the reason for them publicly traded is because of **risk**. Sailing all over the planet was too risky for any company during that time. Ships were lost, fortunes were squandered, and financiers realized they had to do something to mitigate all that risk. +* Early stock trading happened at **Coffee shops,** and stocks were hand written in paper and inventors had to trade their stocks with other investors in coffee shops. +* It was tough to make out legit companies to illegitimate companies back in the day, and in many cases companies were able to make tons of money before a single ship was ever set for sail. And because of that a bubble was burst and the government of England banned the issuing of shares until 1825. +* And despite ban of issuing shares, **London Stock Exchange** was established in 1801, it was very limited exchange because of the ban of issuing shares. +* And in 1817, **New York stock exchange** was established and it started trading since its very first day. +* And today, almost every single country has a stock market. Every day, trillions of dollars are traded on stock markets. + +Here are the top 10 stock markets in the world today ranked by market capitalization: + +1. New York Stock Exchange +2. NASDAQ +3. Tokyo Stock Exchange +4. London Stock Exchange Group +5. Euronext +6. Hong Kong Stock Exchange +7. Shanghai Stock Exchange +8. Toronto Stock Exchange +9. Frankfurt Stock Exchange +10. Australian Securities Exchange +I have seen a lot of questions about inflation and market prices the last couple of weeks. Let me post some info for those thinking about the topic. + +**First, what are standard assets to buy during high-inflation periods?** + +You have a couple of broad categories here. The simplest category is “stores of value,” items that tend to retain value in the long run. These include: +\-Precious metals (gold, platinum, etc.) +\-Commodities (metals are a subset of this, but this also includes oil, corn, etc.) +\-Real estate +\-Blue chip stocks + +The next broad category is the collection of assets that “float” with inflation; these things tend to track whatever inflation is doing. These include: +\-Utility stocks (people still need water, electricity, etc.) +\-Some dividend stocks (overlaps with blue chip stocks) +\-TIPS (Treasury Inflation Protected Securities; gov’t bonds designed for inflation) + +The last category is an asset that does well during inflation: +\-Leveraged companies (companies with a lot of debt borrowed at a fixed rate; the inflation makes the loans easier to pay back) + +Bonus category: +\-Cryptocurrencies (no one knows how these assets “traditionally” do because they haven’t been around long enough to have a “tradition”) + +**Second how are these inflation-related assets doing now?** + +I have bad news for you: Markets are forward-looking. The inflation hedges were being bought months ago. For myself, I did my largest personal inflation hedge last October: I refinanced my home mortgage to 2.85% and took out some equity. Before that I moved assets into a leveraged companies mutual fund, a commodity ETF, etc. Because other investors also did these things months ago, asset prices are high now. + +Some of these asset prices have also been dramatically affected by non-inflation factors. Inflation is one scenario trade everyone has been dealing with, but pandemic (covid) is another scenario trade, US political instability is another scenario trade, the rise of cryptocurrencies is another scenario trade, etc. As a result, there is a lot of noise in the market prices, and it can be hard to untangle the effects of, for instances, the pandemic scenario vs the inflation scenario (though one basically caused the other). + +Something like gold is more complicated than an inflation-only indicator. Track the price of gold and Bitcoin over the past two years. During the worst of the pandemic market downturn, gold held pretty well with bad news; Bitcoin tanked. That tells you something. (Both eventually rose) But there are other interesting factors. Gold is \*not\* rising recently as inflation fears have ramped up. Why? Well, looking at price history, gold was already being bought as a crisis hedge for pandemic. It was also likely being bought as a US political instability hedge. So the noise and signal in the price is hard to tease out for merely the inflation signal. Gold prices, and all asset prices lately, have been carrying multiple signals within their prices. The political stability signal may be noise to the inflation signal; all scenario signals will affect price. Each scenario has its own price pressures. + +Are asset prices high right now? Yes. We could be at the edge of a price cliff. Inflation could be tamed and prices could stabilize or drop. But we could also be at a cliff at the BASE of the cliff. Prices are high now, but if we enter into cycles of hyper-inflation, then today’s prices may seem like a bargain in tomorrow’s inflated dollars. There are people who predict both the end of inflation and much greater inflation to come. You’ll have to decide for yourself which path seems more likely and/or problematic for your personal situation. + +**So if asset prices are already high for inflation hedges, what should you do?** + +First off, in this case and in every case be forward-thinking! If you’re just starting to think about inflation now, you’re chasing the markets. Markets have already been adjusting for inflation for a long time. That doesn’t mean inflation won’t get worse; it very well could. What it does mean is that prices are already up. We have seen big moves in real estate, such as the refinance industry like I did with my personal refi, and as many REITs and other firms have done with massive property buys. But just because we’re at a high doesn’t mean we’re at a top. Prices could be at a top, prices could be at a relative low compared to coming inflation. Don’t just think, “Inflation! Buy real estate!” or “Prices are high! Don’t buy real estate!” Instead, think about where things are going over the next few months. Are markets properly efficient now or do will they be adjusting further in the coming months? Look forward. + +Second, do your homework! If you’re an active investor (which presumably you are if you are in this forum), then it is incumbent upon you to do your research. Do due diligence. Think about possible future paths and have a plan for the major paths. + +Third, if we’re in a period of high inflation, hopefully at some point we will return to a period of low inflation. Make your plan for that scenario NOW. You may not enact the plan now because we may experience more inflation before this cycle ends. But rather than being surprised by the end of inflation, have your trades ready to execute when you think the inflationary period is about to end. +\-Identify triggers (indicators that the inflationary period’s end is coming) +\-Identify major paths (how events are likely to unfold) +\-Identify targets for investment (assets that will do best in a return to low inflation) + +&#x200B; + +This is how I think about things; your mileage may vary. But in all cases do your homework and look a step or two ahead rather than just reacting to the day’s news. If you act after the market is efficient, you lose on the trades. Be ready before the broader market moves. + +&#x200B; + +(edited to delete an duplicate line; artifact of copy/paste error in Reddit) +As per the title, I moved to the UK 1 week ago. I work in tech and currently earn £38K. I have £40K invested and plan to keep on investing monthly for the rest of my life. At this point I just don't know what to do. I'm living with 5 others in a dodgy apartment and paying £800 Per month for a tiny room in London. I want to have a nice large working area since I sometimes work from home but I don't know what the ultimate goal should be. I don't know if I should liquidate my investments to buy a property in the UK or else just suck it up for a few years and then rent a place for myself. + +Reason I'm confused is because I don't know if I want to stay here for the long term or not. Which will basically means that I can only rent. + +I'm confident that in around 16-24 months I can get up to £60K but not sure if I should job hop so quickly. As you can see I'm supper confused because I don't know what I want and wanted to see what you guys would do if you were in my position. +Morning everyone, + + +Sorry for the really niche post but the main nursing sub is very American based and this sub is well Australian financed centred so here I am and not sure if the folks at the main Australian sub would be any help here. + + +Anyway, I am in my final year of my nursing degree and working as a ward orderly and AIN in NSW health and I will be honest I am having my doubts and not sure if all of this is worth it anymore since this is my future. Maybe its because this sub is getting to my head but it feels like everyone here is on 150k a year and I don't think I will ever reach that even on RN 8 or as a manager. I know the pay is above average compared to other fields but for all the shit we go through such as deaths, tragedies, heavy work loads, responsibility of someones life and even violence from patients I am not even sure if its worth it anymore while you have some white collar office workers on 150k or more. No disrespect to white collar workers I know you guys work hard for your money. On top of that I feel like I need to own high tier 6 figures to even have a chance of owning a property in Sydney or Melbourne. + + +So now I'm considering studying to get into a more lucrative field, not sure what but something that pays much much more. But I'm in my final year and at 26 I feel like I would have wasted my time and I'm so close to the end now. Truth be told the only thing keeping my in this field is babies and children whereas I have long lost my patience and tolerance towards the adult population. I probably am already showing signs of burn out and compassion fatigue when working with adults. + + +So is it worth it ? Any financial or even career tips for a third year student ? Sorry for the poorly structured post, I just finished a nightmarish shift and dead on the inside. + +PS +How do I maximise my income quickly ? I know as a new grad I will be paid peanuts (no surprise there) but I want to increase my income ASAP and willing to work for it. +Was inspired this evening to look into EOS again and gather some links to back up earlier claims + +EOS does not constitute anything close to a blockchain, the txps claimed is not replicable in a real world environment (even as a centralised distributed database system it can not do more than 250txps), there is nothing to stop bp's colluding in bad faith to censor the blockchain, the network comprises of fake users and fake transactions, corruption in the markets associated with EOS is rife from the RAM market right back to the crowd sale where funds were laundered back and forth to make it appear like there was interest aka money laundering, information asymmetry conveniently means that none of the claims regarding computational power being fairly priced and distributed is easily verifiable + +From the way the architecture works to the fact that there is no Byzantine fault tolerance and relies on social consensus between crooks to operate to all of the 'critical vulnerabilities being found + +\- + +EOS IS MALWARE + +\- + +We owe it to ourselves as a community to point this out and try to ensure that this cancer and abhorrent community does not spread any further - trade it make money off it by all means (though my preference is not to) just treat with extreme prejudice anyone that is sticking up for this platform + +People behind EOS are the same people behind other scams and dodgy exchanges which I won't divulge here but you can put the pieces together yourself and go down the rabbit hole of all the kidnappings, insolvent exchanges etc + +\- + +EOS test report by Whiteblock; [https://www.whiteblock.io/library/eos-test-report.pdf](https://www.whiteblock.io/library/eos-test-report.pdf) + +Block producer collusion transcript; [https://docs.google.com/document/d/133VHvncsyGgp-WuZHUUDl\_svjPuL0vJywxlSCYgqle4/edit](https://docs.google.com/document/d/133VHvncsyGgp-WuZHUUDl_svjPuL0vJywxlSCYgqle4/edit) + +Wash trading during the crowd sale; [https://bitcoinexchangeguide.com/block-ones-eos-wash-trading-ico-audit-report-doesnt-exist-as-investor-concerns-begin-to-set-in/](https://bitcoinexchangeguide.com/block-ones-eos-wash-trading-ico-audit-report-doesnt-exist-as-investor-concerns-begin-to-set-in/) \[to this day B1 has failed to produce an audit to refute this\] + +Money laundering trifecta; [https://medium.com/@jpthor/the-tether-triangle-3f181ec778fe](https://medium.com/@jpthor/the-tether-triangle-3f181ec778fe) + +Steemit another Larimer scam; [https://decentralize.today/the-ugly-truth-behind-steemit-1a525f5e156](https://decentralize.today/the-ugly-truth-behind-steemit-1a525f5e156) + +Brock Pierce; [https://arstechnica.com/information-technology/2014/05/some-in-bitcoin-group-resign-over-new-board-members-link-to-sex-abuse/](https://arstechnica.com/information-technology/2014/05/some-in-bitcoin-group-resign-over-new-board-members-link-to-sex-abuse/) + +Read this in the context of what is known about the RAM market; [https://cryptobriefing.com/eos-creator-ram-announcement/](https://cryptobriefing.com/eos-creator-ram-announcement/) + +\- + +Sure there is much more besides this, feel free to share anything you wish below and be careful of interacting with their thuggish supporters, they will try and track down where you are from, where you live etc and threaten to follow you across Reddit posting nefarious things below the comments you make +My brother just started attending a university and wasn't necessarily looking for a job. He has Florida prepaid, so he isn't stressing about paying for tuition but like most, one of his biggest expenses is living expenses. Long story short, he heard from one of his neighbors that the complex was hiring a part time position, he interviewed for it and they told him they would comp his whole rent (650/month) if he averaged 18 hours per week working at the front desk. It was a no brainer, even though he takes a full workload at school (12 credit hours), they informed him that they would work around his schedule. + +Fast forward one month later. He tells me the job is easy breezey and sometimes he even manages time to get some studying in while at work. I'm a PCU Nurse paying 950/ month for rent and the only thing I'm thinking is,"how can I hop on this gravy train". I went to my front office manager in my apt complex and asked if they are looking for extra help, they inform me that they want to remain open on the weekends and have been looking for some front desk personnel for the last couple of months. Shortly after, they offer me a part time position where I come in Saturday and Sundays only for 6 hours a day (12 hours total, 2 days a week). I don't know if I'll accept the position or not, but it's a great option to have for a variety of reasons, one of which is to save thebmoney and hopefully buy a house. + +I just reminisce and think back to when I was in college for 6 years. If I knew that there were opportunities like this, I would've made a lot of changes to my working lifestyle, probably stopped working 4-5 days a week serving/bartending , trying to pay for rent. You don't have to be a student for these benefits obviously, but you do have to do some research and make some calls to see what apartments are offering. + +My personal advice to anyone struggling to pay rent is to just take a day or two to yourself, research all apartments hiring (preferably close to where you work so you can knock out other expenses, like gas and car maintenance). Also, call apartments that include specific or all utilities ( water, sewer, trash, electricity) first; This will also help compartmentalize your expenses. Most importantly, in my opinion , is that YOU DON'T NEED PRIOR EXPERIENCE FOR MOST OF THESE JOBS. My brother, god bless his soul, is lazy as hell and only works when absolutely necessary. He had no job experience before this, let alone front office experience. Not all apartments are the same, so they may offer you reduced Rent with pay instead of the fully comped rent as previously stated. Write these places down, but don't stop looking for the places that offer fully comped rent. I assure you, they are out there, you just have to really dig to find them. If all else fails, go to your local hud housing department And see if you qualify for a section 8 housing grant, which pays for your rent in full if you and your household fall below a county-indicated poverty line ( our qualifying poverty line Is 150%, or a little over 18k for one person, 24,640 for a 2 person household). This is just one of the many aids to help you out with housing, if you don't qualify for the full grant, you may qualify for a section 8 voucher or section 8 housing. + +Also, side note, just because an apartment complex indicates it's a "student housing" complex specifically doesn't mean there is an age limit or you even have to be attending a school. Sometimes this just indicates that each room in an apartment is individually leased and that all occupants share a living common area and possibly a bathroom or 2, depending on the apartment layout. Don't leave these apartments out of your research, as these apartments most often offer fully comped rent, at least in my area. + +For reference, My brother is getting paid exactly $9.60/hour at his front desk job and saves $7,800 a year in rent; I've been offered a wage of $10.00/hr and if I accept the position, I'll be saving $11,400 a year in rent. +First time living alone with my partner in our own home, the property is rented out to us by a big company that rents out our entire estate. A couple months ago we started having issues with our integrated fridge/freezer, the freezer was not closing causing air to get in and was freezing over the drawers, it got to the point when trying to open the drawers to get food the drawers began to crack as they’re crappy plastic, this happened with all 3 drawers. +We called the company who we rent from and they sent someone out to defrost the freezer, the guy literally said “I get so many freezer jobs a day because of how they’re built and because they’re integrated”. The guy defrosts the freezer all is well again and not had issues since. +Fast forward a few weeks I get an email from our rental company stating we owe them £200 to replace the freezer drawers as they’re all damaged, I disputed this and said this wasn’t my fault I tried to open the drawers and because they was so frozen over and frail they just cracked. They responded saying they was damaged due to excessive force and it needs to be paid. + +I guess my question is, do I have to pay this or can I just go out and buy new drawers and tell the rental company I have replaced them or will they not accept that? +Sorry if this is a dumb question like I said this is our first time living alone so I’m not sure how to handle this. + +thanks in advance for any help! + +EDIT - Thanks everyone for the advice, decided to bite the bullet and take responsibility for the damage, but came to an agreement with the company to only pay the cost once we vacate the property, because I don’t want this same issue happening again. So we’re just gonna use the broken drawers until we leave which I’m absolutely fine with. +GAMESTOP DOES NOT RECALL YOUR SHARES FOR YOU + + +If your account is on margin then you need to turn margin off + +AND/OR + +Call your broker and ask them if you hold your shares because you might want to vote at the upcoming shareholder meeting on 6/9 (NICEE). + +This is not financial advice, but this is advice from an ape who eats crayons with the wrapper still on. + +🤚💎🤚🚀🚀🚀🚀🚀🚀🚀 +I had a god damn novel written out here, but you know what they say. Why waste time say lot word, when few word do trick? I’m going to make a long story short(er) and just answer questions that may pop up. + +I’m 26, I’m a nurse, and I’m burnt the fuck out. But I really need you to trust me when I say my job is as good as it gets as far as bedside goes, and switching jobs in my field is NOT going to make me happier (I’ve worked in both hospital and office nursing, they both fucking suck for their own reasons). + +I am currently thinking about going down to 30 hours per week (right now I work four 10 hour shifts, currently looking to do two 12 hour shifts one week, and three 12 hour shifts the next week for a total of 60 hours per pay check). + +I have little debt (just federal student loan and car), I contribute 10% to my 401k with a 5% company match. Cutting my hours will just mean cutting into my disposable income and the amount I contribute to personal savings. I will still contribute 10% to my 401k and keep my 5% match benefit, but obviously the amount that gets contributed will be reduced. I get a 3% raise yearly and plan on bumping my 401k contribution up by that 3% every time I get a raise. + +My take home will go from $3,200/month, to $2,400/month. My savings and disposable income will be reduced, but with my free time I do plan on trying to make some money off of my hobbies (crocheting and sewing). I already did a test run of this during peak covid when I voluntarily elected to reduce my hours to 30 hours per week. I was leagues happier not spending majority of my days at work and I survived just fine on the reduced check. + +I can keep working four 10 hour shifts and have more money to contribute to savings and retirement, but will remain resentful and exhausted. Or I can reduce my time around the only stressor in my life, I can spend more time doing things I love, and spend more time being happy while I’m young and life is otherwise great. + +This still ended up being a novel, but oh well. Thanks for reading! + +Edit: oof. I just woke up to hundreds of comments. Thank you everyone for taking the time to reply and providing constructive feedback and potential solutions. +Listen, I’m a noob and I’m dirt poor. 46.98$ in ETH poor. But listening to all of these smart investors and really reasearching the potential growth of ETH and BTC, I am getting a little bit jealous of BTC. Before now, I was 100% HODL in ETH, and maybe in a few years I might get to 200-500$. After hearing all of this “bitcoin is at 10k and might get to 40k by the end of 2018!!” I’m getting a little disappointed in the growth of ETH. At the same time, when ETH hits 10k, I’ll be happy I got on the ethereum train now, but when everyone and their grandma hop on the bitcoin train and bring the price up to 100k-1m in 2025, I’ll be the one kicking myself. So to sum it all up, I want to jump on the bitcoin hype train or at least put some of my money on bitcoin. Is this a good plan or should I HODL ethereum. Thanks! + +Hi guys! I have faced the problem that I'm sure lots of crypto holders faced. I wanna go to Spain for trip but all the assets I have now are in crypto. I don't wanna sell it cause hodl is my main strategy :D I mean what if I sell it and tomorrow it will boost to the moon. So I made a research and found subreddits of /r/eCoinomic and /r/Nimfa that allow to sell crypto for frozen price and then possibly buy it back for same price. It's all pretty new for me and I wanna ask you guys what do you think about hedging crypto and those projects and have anyone tried to do such thing? +Shares of 16 stocks in the Global X Founder-Run Companies ETF (BOSS), including Carvana (CVNA), Meta Platforms (META) and Affirm Holdings (AFRM), are down a devastating 65% or more this year so far, says an Investor's Business Daily analysis of data from S&P Global Market Intelligence and MarketSmith. + +[Founders run their companies into the ground](https://www.investors.com/etfs-and-funds/sectors/sp500-founders-run-their-companies-into-the-ground-and-you-pay/) +I just saw the posts on Queen Kong's tweet and it got me real worried. I am european and I can have a say on this, but to be honnest Im a smooth brain ape and I can't really provide a good response. Is there any formated response wich I can base mine on? I feel like if I write something dumb they won't even look at it or it won't have the desired effect. So if any smart ape is able to write something for the rest of us euroapes to really be heard it would be great! Id like to help but I dont know how and seeing this balant crime happening right in front of us is disgusting! +So once again, smart apes Im begging for your help! +Also DRS your shares, these fckers cleary dont want you to! +PS: education flair is because id like to be educated, mods if you dont agree with the flair feel free to change it +I just saw the posts on Queen Kong's tweet and it got me real worried. I am european and I can have a say on this, but to be honnest Im a smooth brain ape and I can't really provide a good response. Is there any formated response wich I can base mine on? I feel like if I write something dumb they won't even look at it or it won't have the desired effect. So if any smart ape is able to write something for the rest of us euroapes to really be heard it would be great! Id like to help but I dont know how and seeing this balant crime happening right in front of us is disgusting! +So once again, smart apes Im begging for your help! +Also DRS your shares, these fckers cleary dont want you to! +PS: education flair is because id like to be educated, mods if you dont agree with the flair feel free to change it +Mine is TGT, CVS, NVDA, WFC, SCHW, and ABBV. They're not the highest dividends but I like that there is growth in these stocks and I feel like you get paid twice in appreciation and dividend. I've recently been adding TROW, GS, and BLK. + +I'm looking to get other opinions on your favorite dividend stocks and maybe we can all get ideas for dividend ideas? Thanks! +I’m not an expert in DD but the financials seem solid as far as I can tell with constant growth over time. Any concerns to think about for a 10+ year outlook? +(Data taken from Schwab, 9/6/22) + +Thanks for taking the time to read my due diligence :). I am planning on pitching this stock to the investment club at my college, and would like your thoughts on it. I already own shares, so I am most likely very biased in favor of the stock, and would appreciate your thoughts. Also, I wanted to share the stock with you guys, because I think it is very overlooked. + +Price: $7.36/share + +52 week range: $6.66-$9.06 + +Market cap: $2.90bn + +90-day average volume: 1.63 million shares + +&#x200B; + +PSEC is a business development company (BDC) which engages in middle market lending, mezzanine lending, multi-family real estate, and buyouts. It has a one of the lowest price/earnings in the industry, and is also the third most profitable company in the industry by net profit margin (TTM). Below is the data for PSEC, two of its largest competitors, and the BDC industry average (list of BDCs taken from bdcinvestor.com). + +||P/E|P/Tangible Book|Profit Margin|Debt/Equity|Return on Equity| +|:-|:-|:-|:-|:-|:-| +|PSEC|5.47|0.65|81.95%|0.57|21.74%| +|ARCC|9.18|1.08|54.92%|1.26|11.92%| +|MAIN|11.08|1.64|79.82%|1.00|14.89%| +|BDC Average|12.21|0.92|44.62%|1.10|7.58%| + +In terms of dividends, $PSEC is impressive even for its industry. + +||Yield|Frequency|Coverage|DRIP| +|:-|:-|:-|:-|:-| +|PSEC|9.77%|Monthly|247.33%|Yes (95% mkt)| +|ARCC|8.51%|Quarterly|126.12%|No| +|MAIN|6.53%|Monthly|129.72%|Yes| +|BDC Average|10.02%|5.8/year|107.04%|N/A| + +Prospect Capital has a yearly dividend yield of 9.77%, distributing $0.06 in dividends per share each month. While on paper the yield is below average for the industry, it is important to note that many BDCs with high yields have a sub-100% coverage ratio. Dividends have been paid consistently since 2018, and there is a DRIP which provides a 5% discount on the market price (**YOU MUST CONTACT YOUR BROKER TO BE SURE YOU ARE ENROLLED**). This is even more beneficial given their monthly payout. + +Prospect Capital has had a growing balance sheet, mainly in long-term assets. These assets are mostly the result in long-term investments into affiliate companies. + +Revenue from operations has been consistently growing over the past year, but investment income became negative in quarter four, highlighting the risks associated with the company. However, this decline is in line with its main competitors, MAIN and ARCC, which each reported negative investment income in the last quarter. + +[$PSEC\/PRA is a preferred stock, \~7.32&#37; coupon](https://preview.redd.it/gfugz5iwobm91.png?width=748&format=png&auto=webp&s=f76629a905bd144ae777fedf0f8b3f8629b396a1) + +https://preview.redd.it/jmgmihs7pbm91.png?width=739&format=png&auto=webp&s=3c2e32515b5f1a92647629d6a69db76706c9f1f4 + +Prospect Capital reports non-gaap EPS, so make of that what you will. However, it has regularly beat its few projections by over 10% over the past year. + +[EPS is non-gaap](https://preview.redd.it/09a8nzolpbm91.png?width=732&format=png&auto=webp&s=dab27f734e4724aa94924fd7145a29a5e942dd7c) + +The main risk associated with Prospect Capital is its susceptibility to large losses if revenues decline. Prospect Capital has 6 million shares of $PSEC/PRA outstanding. This is a preferred stock with a 7.32% yield and a call date in July 2026. It also has \~$1.6bn in bond debt. This means that if revenues fall substantially, a dividend cut could occur to keep the bond and preferred shareholders appeased. Its corporate bonds are rated at the bottom of investment grade (baa3 by Moody's). $PSEC/PRA is rated BB by Standard and Poor's. + +Prospect Capital also has long-term investments in several middle market companies, including an energy and a transportation company. Some of Prospect Capital’s investments may not be well suited to a high inflation economic environment, and would be especially poorly suited for stagflation. + +However, it is my opinion that earnings will recover as inflation goes down and interest rates go up due to Prospect Capital having less debt than comparable companies. \~70% debt Prospect Capital has is [fixed-rate](https://www.globenewswire.com/news-release/2022/08/29/2506283/0/en/Prospect-Capital-Announces-June-2022-Results-0-21-per-Common-Share-Basic-Net-Investment-Income-and-Stable-Monthly-0-06-per-Common-Share-Distributions.html), and \~88% of the debt it makes money from is floating rate. Prospect Capital is uniquely suited to survive the economic conditions of the next few years, despite the battering it may have taken last quarter. Prospect Capital seems to agree, as it recently announced two month's more worth of its standard $0.06 dividend. + +Despite its solid fundamentals, excellent dividend yield and reinvestment plan, and solid earnings and financials, Prospect Capital is very overlooked. Institutional ownership of the stock sits at a microscopic 7.77%, compared to 30.51% and 19.26% for $ARCC and $MAIN respectively. Only three ETFs hold Prospect Capital in their top ten holdings, which manage a total of $560 million of assets. Only two mutual funds have a stake greater than 0.5% in Prospect Capital. + +Thank you again for reading my due diligence :) +1) Some really sketchy behavior coming out of the SEC recently. Story time… + +2) Millions of crypto holders have been earning yield on their assets over the last few years. It makes sense, if you want to lend out your funds, you can earn a return. Everyone seems happy. + +3) A bunch of great companies in crypto have been offering versions of this for years. Coinbase came out recently and said we would be launching our own version. + +4) We were planning to go live in a few weeks, so we reached out to the SEC to give them a friendly heads up and briefing + +5) They responded by telling us this lend feature is a security. Ok - seems strange, how can lending be a security? So we ask the SEC to help us understand and share their view. We always make an effort to work proactively with regulators, and keep an open mind. + +6) They refuse to tell us why they think it's a security, and instead subpoena a bunch of records from us (we comply), demand testimony from our employees (we comply), and then tell us they will be suing us if we proceed to launch, with zero explanation as to why. + +7) Look….we're committed to following the law. Sometimes the law is unclear. So if the SEC wants to publish guidance, we are also happy to follow that (it's nice if you actually enforce it evenly across the industry equally btw). + +8) But in this case they are refusing to offer any opinion in writing to the industry on what should be allowed and why, and instead are engaging in intimidation tactics behind closed doors. Whatever their theory is here, it feels like a reach/land grab vs other regulators. + +9) Meanwhile, plenty of other crypto companies continue to offer a lend feature, but Coinbase is somehow not allowed to. + +10) Gensler in his confirmation hearing: “It’s important for the SEC to provide guidance and clarity,” Gensler said. “Sometimes that’s a clarity that will be a thumbs up, but even if it’s thumbs down, it’s important to provide that.” March 2, 2021 + +11) If you don't want this activity, then simply publish your position, in writing, and enforce it evenly across the industry. + +12) Ostensibly the SEC's goal is to protect investors and create fair markets. So who are they protecting here and where is the harm? People seem pretty happy to be earning yield on these various products, across lots of other crypto companies. + +13) Shutting these down would arguably be harming consumers more than protecting them, and by preventing Coinbase from launching the same thing that other companies already have live, they're creating an unfair market. + +14) In May of this year I traveled to DC to meet with every regulator and branch of government I could. + +15) The SEC was the only regulator that refused to meet with me, saying "we're not meeting with any crypto companies". This was right after we became the first crypto company to go public in the U.S. + +16) Gensler had been confirmed just a month prior, so I brushed it off as the SEC still getting its feet under it. Now I'm not so sure. + +17) We've always tried to be good actors in the space - leaning in to sensible regulation even when it is difficult or expensive. We try to think about what products we would want for ourselves, and what risks we would want our families to be aware of, before launching products. + +18) We will keep following this approach. + +19) Yet here, we're being threatened with legal action before a single bit of actual guidance has been given to the industry on these products. + +20) If we end up in court we may finally get the regulatory clarity the SEC refuses to provide. But regulation by litigation should be the last resort for the SEC, not the first. + +21) Our door remains open. Hopefully the SEC steps up to create the clarity this industry deserves, without harming consumers and companies in the process. America could really use us all working together to figure this out right now. + +**END** +The inflation rate is cooling off from the impact of interest rate hikes. It takes 9-12 months for rate hikes to be felt and 12-18 months for the maximum effect. The Midterm election, CPI report, interest rate hikes, house prices and rents, wage growth, job openings, unemployment rate, international conflicts and trade wars all play a significant role in guiding the market's macroenvironment. Hopefully, more of this kind of good trend will continue to jumpstart the market soon. +https://www.bls.gov/cpi/ +Hey Superstonk! I’m the Executive Producer of Gods Unchained, Daniel Paez. I’m excited to be here today to answer the Superstonk community’s questions about web3, the games industry, and of course I’ll do my best to share some tips on how you can improve your GU game! + +&#x200B; + +https://preview.redd.it/loyllc08tc5a1.png?width=1920&format=png&auto=webp&s=1c9a970ad079a146af0ed652bb8108d37e2fdcd1 + +https://preview.redd.it/pvs5kc08tc5a1.png?width=1920&format=png&auto=webp&s=2c3726f7c586e9ddcfffb950c94148a89f6bf817 + +https://preview.redd.it/sp8knizqtc5a1.png?width=1920&format=png&auto=webp&s=0462440ffee51fe7a7dedfc1996b9ac8281b6cd5 + +https://preview.redd.it/i4sjladptc5a1.png?width=1920&format=png&auto=webp&s=1eaa12df7a7bb5aa43d6059124c6d6fb1d4a4411 + +https://preview.redd.it/0wyrph08tc5a1.png?width=1920&format=png&auto=webp&s=4fbcd48cb4114ca6784df1a7dce05d62d5294f56 + +I’ve been working in the games industry for 7 years across both web2 and web3 gaming, but I’ve been a gamer for much longer than that. I started my career at Blizzard where I got to work on titles like World of Warcraft, Hearthstone, Overwatch, Call of Duty – and even Starcraft 2, which was pretty exciting for teenage Daniel who spent a lot of time playing Starcraft on his laptop! I’m a strategy gamer first and foremost, and I feel pretty lucky that my day job means I can geek out over the same stuff. I made the leap from AAA to web3 in 2021 to seek a new design challenge in web3 game economies and commercial strategy, and to continue levelling up player experiences in this exciting new space! + +You can find me on Twitter u/_Papalicious_ + + +https://reddit.com/link/zjf598/video/tatn8cs4uc5a1/player +Yes, yes, I know. Tesla exists. Oil is bad. Oil is dying. Covid lockdowns guttered oil demand. So on, so on. + +But, given that investor sentiment has driven oil supermajors to multi-year lows, is there a case to be made for snapping up shares? Specifically, I refer to Chevron, ExxonMobil, BP, and Shell. + +P/E and Price/Book ratios are in the single digits. Dividend yields range from 5% to 10%. FCF is monstrous as usual. Oil demand is ramping back up to pre-COVID levels. Oil demand will exist among businesses (industrials, miners, etc) and developing economies even after all the consumers in the world eventually switch to electric cars. European supermajors BP and Shell have already begun incorporating renewable energy into their business models. And honestly what’s to stop any of these supermajors from just acquiring the next generation of energy companies (lithium batteries, hydrogen power, wind farms, solar panels, all that)? It’s not like they’re married to oil. They already have diversified heavily into natural gas, which will continue to have steady demand even in a post-oil world. + +Not to mention, they’re all cash-rich, able to raise absurd capital, and proven financial stewards. I’d trust any of them to allocate capital and prioritize investments to best prepare for the future, while squeezing every last dollar of oil revenue possible. + +I put my money where my mouth is. I’ve been buying up $RDS.B with every new paycheck. It’s now at about 10% of my portfolio, so I’ll probably stop. With the level that tech valuations, and most other valuations honestly, are at right now - I’m hard pressed to find a better bargain than Big Oil. + +Thoughts? +Led by Senate Majority Leader Chuck Schumer, D-N.Y., the group, according to Axios, has received the Department of Justice's blessing to implement legislation that would allow cannabis companies access to banking institutions and create grants for state expungement of past marijuana convictions. + +The outlet reported that the "targeted legislation" stems from the pairing of two bills — the Secure and Fair Enforcement (SAFE) Banking Act and the Harnessing Opportunities by Pursuing Expungement (HOPE) Act. + +https://www.foxbusiness.com/politics/senate-aims-attach-major-marijuana-legislation-end-year-must-pass-bills-report + +$0Gi + +The HOPE Act is a bill introduced in the House last year and is designed to erase prior marijuana convictions. The measure, according to a summary of the bill, "authorizes the DOJ to make grants to states and local governments to reduce the financial and administrative burden of expunging convictions for state cannabis offenses." + +The group of senators, according to Axios, will more than likely attach the legislation to a must-pass year-end bill like the National Defense Authorization Act, which gets a vote annually. +I got divorced a few years ago. It was amicable, but it came out after the divorce finalized that my ex had cheated on me with his coworker. I’ve gone to therapy. I’m over it. But his credit won’t leave me alone. + +Every time there is a change to his credit, I get emails from credit monitoring services about it. It happened two years ago when he bought a house in DC, last month when he sold that house in DC, and today after he bought a house in MD. + +For very obvious reasons, I live as if he does not exist. Except when he finances big purchases. How do I decouple our credit from each other? I do not appreciate getting life updates about him through these financial institutions. Fortunately, he makes a buttload of money and is financially savvy, so it’s not the worst thing in the world that he is still somehow associated with my credit, but I’d like to put an end to this ASAP. Please help. Thank you for reading. + +EDITS: I said “pinged,” which caused a lot of confusion. I meant that the credit monitoring services that I signed up for sent me notices about my ex’s big purchases. + +Also, I never took his name. + +Also, my credit is frozen except when I make my big purchases. + +Thank you, everyone for your help. We did have a joint account that we split. He kept the account, but I took my half of the money. We also had added each other as authorized users for each other’s credit cards. I removed him from mine, but I wonder if he never removed me as an authorized user from both bank account and credit card. I really would rather not get in touch with him again, so I’ll try to resolve this through the credit bureaus instead. FUN! +FIRST EVER POST IM AM NOT GOOD AT WRITING sorry +I'm 21 years old ,african american , I'm more tiger woods then waka flocka, I bullshitted HS barley a 2.1 GPA ,I literally never tried just smoked weed and rode the bench (I never worked hard, skip workouts to play videogames and smoke), I work at a fast food joint pizza, i never went to college and I graduated co2012. I don't talk to my friends even tho they always invite me to social events and they all are in college and live on their own, I was always the funny guy. Still Live with both parents but we are not rich by any means , always spotting them money for bills and I don't ever complain about it cuz I'm thankful for them, I wont get financial aid unless I lie. I'm 3 years sober , I don't go out , I wish I could go back in time and beat the shit out of my 15 year old self or even worse just tell him how life is like now... I do to want to go to the military cuz it's bullshit and if something happens to me I can't trust the government to support my family even tho my parents have jobs and make ok money(3 regular cars and a house) But their old and gonna retire in at least 6 years and haven't even really been able to save for retirement cuz we live paycheck to paycheck, I'm done relying on them , I wish I felt this when I was younger but the past is the past. I live in a college town that is huge on CFB, college life parties and stuff life that so it really sucks not being apart of that even tho I know if I made good grades I could have done all that and wouldn't be in this fucked up situation I'm in now. +My goals for now in no order Move out, just be independent Get to college Transfer to 4year college Get a real job Lose weight /workout everyday Date, Have my own car I just want my parents to live comfortably when their old +I have an idea of what to do but just exactly what the fuck do I have to to just be happy and make decent money. How do these kids have jobs where they do nothing and make more than my whole family , I hate this shit please someone tell me the honest truth about what to do with my life. I don't care what it takes. +Edit: Thank you guys so much! I'm gonna try to reply to all of your comments and messages and I'll try to keep you updated. I know there had to be more people in my situation, you not only helped them but you really gave me great advice and an awesome guide to look at in the future. Edit: a list of books I could read out would be pretty cool too. +Hey guys, + +Inspired by questions (and lack of responses) on [a thread here](https://www.reddit.com/r/IndiaInvestments/comments/bj100f/mutual_fund_dividends/), we at smallcase decided to investigate and answer all questions related to Mutual Fund Dividends and Dividend-plan options [in this blogpost.](https://blog.smallcase.com/everything-you-need-to-know-about-mutual-fund-dividends/?utm_source=reddit&utm_medium=post&utm_campaign=mfdividends) Broad topics/points are: + +* Basics of Mutual Fund Dividends +* Dividend Plans do not equate to Dividend Strategies +* Dividend Impact on NAV +* Difference with Stock Dividends +* Double Taxation + +Shout out if you guys have feedback or more questions! Hope this helps, happy investing! :) +Credit Suisse put out a report on Asian economies . + +One statement was very amusing to me " the most exciting phase of its recovery lies too far in the future in the first half of 2022 (H1'22),” + +Wow, for these reports 12 months is 'too far in the future' And people actually follow these kinds of opinions when investing in equity! + +One report is here: [https://www.business-standard.com/article/markets/credit-suisse-upgrades-india-to-overweight-in-apac-portfolio-121021600475\_1.html](https://www.business-standard.com/article/markets/credit-suisse-upgrades-india-to-overweight-in-apac-portfolio-121021600475_1.html) +The Form 16 which is also known as TDS certificate has been revised by the Income Tax department as reported by The Mint here https://www.livemint.com/politics/policy/i-t-dept-revises-format-of-tds-certificate-issued-by-employers-1555422051655.html +Hey AusFinance, + +Just looking for some advice here, I recently started a job at the end of last year - it was my dream job and so I was pretty quick to accept the offer without really pushing for anything. + +I got offered $77k, it was slightly less than what I was making as a contractor but it came with sick and annual leave. + +I was told it wasn’t a job of normal hours and was okay with that. + +However, after nearly 3 months here - I work a considerable about of overtime, like 10 hours or so a week. + +I found out that the guy in the role before me was paid higher despite me coming in with a wider skill set and I’ve also been given some slightly additional input that he wasn’t privy too. + +I’m pretty certain I’m the least paid in my team despite not being junior in any regard. + +My results have been pretty fantastic - like 300% up on certain KPI’s compared to the previous person. + +My 3 month review is in a couple of weeks and I’m thinking of pushing for $83-85k. Is this unreasonable? + +It’s just not that I’ve worked the role for this period of time, while I’m okay with the demands - I expect the pay to reflect it. + +Cheers. +Well the TL;DR is "ING is probably your best option for international purchases or travel" though check the comments for people smarter than me. + +Thanks to this sub for recommending ING Orange Everyday and/or a Citi credit card as the best cards for international travel. I wasn't up for a credit card process, so opened a new ING account because of the 'No ATM or International Transaction Fees'. + +But I was curious about whether the Exchange Rate they offered was worse, having seen that scam at Money Exchanges that have 'No Commission. No Fees' but sub-par rates that mean you're worse off. + +So today I tested ING against ME Bank and CBA, by booking 3 train trips for my upcoming Europe trip. Experiment caveats - because I didn't buy the same thing from the same website at the same time, there may be another reason for these results. But they seem pretty clear. + +Bank|Exchange Rate|Fees|Comparable Rate +:--|:--|:--|:-- +ING|61.11 Cents|NIL|61.11 Cents +ME Bank|61.28|2.3%|59.90 Cents +CBA|61.28|3%|59.49 Cents + +As you can see, ING had a slightly worse exchange rate than the others. This could be that Visa (ING) is slightly worse than Mastercard (both my ME and CBA cards); it could just be that rates shifted slightly between booking the first train and the second. + +But once those fees are accounted for, ING definitely still stacks up. + +For the most part, this is one of those experiments with a null result. Still, sharing it here for future generations, and so y'all can let me know of anything else I may have missed in my pursuit of the best deal. +So I love my parents but they’ve made terrible financial decisions in their life. + +My mom was an alcoholic but she worked her butt off still. My dad had multiple affairs on my mom and also had a gambling addiction, gambled the family fortune away. It honestly was a rough childhood seeing my parents always fighting or drunk, nothing was stable between them. But they put a roof over my head. + +They both lost everything (foreclosed on their home) and are living in subsidized housing and are very close to being homeless as they are old and still working in their 70s. They didn’t plan for retirement. I’m barely able to survive but have a little left over each month to give them ($500/month) + +Meanwhile my life is just starting, im in my 30s now and my fiancé and I are wanting to start a family but are faced with possibly having to support my parents. My siblings are checked out, my brother lives out of state and talks to them maybe once a month if that. It’s hard wanting to start living your life when you have the worry of your parents maybe becoming homeless looming over you. + +Why do I feel so alone? Facebook constantly shows me of these people my age with rich parents giving them huge down payments for a house, or even just not worrying about their parents as they are financially set. +After moass pops off and im a fucking multi millionaire, you think im gonna just put all that money in come criminal bank? Besides turning all that money into tangible assets, where is the best place to keep just straight up cash? Any ol little credit union? Are there special rich people credit unions? Should i dig a hole in the ground and bury it all like pablo escobar? Im just a poor lil broke country boy, i dont know how to be rich. +*U.S. airlines are estimated to be sitting on more than $10 billion in travel vouchers that should have been cash refunds from canceled flights, a group of senators released on Friday.* + +*Many U.S. airlines are cancelling between 60% and 80% of their flights, and under federal law passengers on those flights are entitled to full refunds, Senators Ed Markey, Elizabeth Warren and Richard Blumenthal said in a statement.* + +Read full article here: [https://finance.yahoo.com/news/u-airlines-sitting-10-billion-140848034.html](https://finance.yahoo.com/news/u-airlines-sitting-10-billion-140848034.html) + +The question is if these lawmakers/senators would force the airlines to refund the passengers or would they sleep with the airlines? +Just broke on Bloomberg. RAD jumped 11% on the news but reversed and now has dropped nearly ~~10%~~ 20% premarket. + +From the [press release](https://www.riteaid.com/corporate/news?p_p_id=riteaidpressreleases_WAR_riteaidpressreleasesportlet&amp;p_p_lifecycle=0&amp;p_p_state=normal&amp;p_p_mode=view&amp;p_p_col_id=column-3&amp;p_p_col_pos=2&amp;p_p_col_count=3&amp;_riteaidpressreleases_WAR_riteaidpressreleasesportlet_action=getNewsRoomDetail&amp;itemNumber=2043): + +Rite Aid Enters Into an Agreement with Walgreens Boots Alliance to Sell 2,186 Rite Aid Stores and Related Assets for $5.175 Billion + +• Rite Aid and Walgreens Boots Alliance Mutually Agree to Terminate Previous Agreement Under Which Walgreens Boots Alliance Was to Acquire All Outstanding Shares of Rite Aid +       + +• Rite Aid to Receive $325 Million Termination Fee + +• Asset Sale Repositions Rite Aid as an Independent, Multi-Regional Drugstore Chain and Pharmacy Benefits  Manager With Compelling Footprint in Key Markets and Strong Financial Position + +• Proceeds to Be Used to Significantly Reduce Debt and Strengthen Balance Sheet  + +• Agreement Provides Rite Aid With 10-Year Pharmaceutical Purchase Option Through WBA Affiliate + +• Company Reports Fiscal 2018 First Quarter Results  +Blockchain.info's deployed wallet app does not match the code posted on Github. This implies that the code was forked and is no longer Open Source and probably in violation of GPL. + +**Version in Github (3.61) not the same as deployed app (3.63)** +https://github.com/blockchain/My-Wallet-Android/issues/39 + +Please prove me wrong +This is one of the best wallets around, but this discrepancy cannot be taken lightly -- we have no way to verify what this software is doing without the source code. + +I submitted several bugs on Github and they have been ignored: + +* November 25: [web wallet discrepancy](http://webcache.googleusercontent.com/search?q=cache:zyFxC0E8zNAJ:https://github.com/blockchain/App-Resources/pull/2#issuecomment-29192641) (after I submitted a formal bug, the "App-Resources" repository vanished, so this is a link to cached version). +* December 10: [chrome extension wallet](https://github.com/blockchain/My-Wallet-Chrome-Extension/issues/3). +* December 14: [android wallet](https://github.com/blockchain/My-Wallet-Android/issues/39). + +**UPDATE:** Latest source code for the web wallet, chrome extension and android wallet now available on Github. Thanks for the quick response! +Been researching asset protection and deduced a Cook Island trust or Nevis trust (combined with an offshore LLC and bank account) to be the most secure structure/method. Anyone using one of these structures and if so can you make any recommendations? From my understanding the Cook Isands has the most case law to support it whereas Nevis has the better/newer legislation. Could be wrong but I also understand Nevis is cheaper to set up? Thanks + +Edit: Reason: I'm not in a career or conduct myself in a way that puts me at high risk of litigation. However, s#$t happens and I want to protect my wealth. I also need an offshore company/ bank account to conduct business so I figured Id house them in a trust. I'm single but do intend on getting married or at least having children with a partner. I want to be protected from any potential claims shed may make. +to all fatFIREs, how has education from private schools, undegrad/graduate degrees from ivy leagues helped you reach SUCCESS? + +or is it the biggest scam of the 21st century? or is it a self fulfilling prophecy? smart people who are driven and focused typically attended universities? +Ok story time. + +I know this isn’t the sub for soppy stories, so Ill keep it short. I’ve been dating this girl since high school and I’ve known for a while that she’s the one I’m going to marry. We are both juniors in college and have a shit ton of debt sitting on us, but we have been toying with the idea for a bit about getting married right after college. + +Obviously, to do this I need money. I’ve been a safe investor and trader for around 3 years now, only buying ITM calls short term expiry and investing in blue chip stocks, but I’ve been following WSB for a bit now bc y’all are fuckin crazy and it makes my day watching some of the dumbass trades that somehow print bc stocks only go up not tits up (also, loss porn on here is 10/10). But I have come to an impasse. + +I’ve thought long and hard about this in the past 3 minutes and have decided to leave the fate of my relationship up to WSB pumping the market. Instead of buying an engagement ring for my girlfriend, I’m going to buy $GME 50x 1/22/21 $22c and hope to God that it works. If it does, I buy the ring and have money to pay off debts and maybe rent for an apartment with what’s left over (I’m still in school so I currently don’t have a job). If it tanks, then my girlfriend dumps me for her husband bc no chick would stay with a broke dumbass who YOLOd life savings on a GameStop. + +Help me WSB bulls, you’re my only hope. GME to the fuckin moon 🚀🚀🚀🚀🚀🚀🚀🚀 + +Edit: clarifying my position + +$GME 50x 1/22/21 $22c +This is my first posting here and just wanted to share something encouraging for my family. I’ve really appreciated the time everyone on here has taken to share their wisdom and advice. + +Details for me: + +Live in HCOL area (Vancouver, BC) +$80k gross salary +Wife and three kids +32 y/o + +100k doesn’t seem like a lot, but it’s a huge milestone for us. We don’t make a ton of money for our area and having three children is pricey. We also get no matching contribution to an RRSP. + +But thanks to this sub and some vision for our future, we’ve been able to effectively save half of our take home pay for the past three years. My wife and I decided that the only thing standing in the way of us retiring is ourselves and adjusted our lifestyles accordingly. + +My hope is to be FIRE by 50. Here’s to the next two decades and beyond. +So iv been reading posts/comments on here lately and it seems like there is some serious misunderstandings by alot of people in regards for the time it takes for a transaction to get confirmed on the blockchain, especially in the use case of merchant PoS sales. + +You guys are comparing apples to oranges here + +The time it takes for one confirmation is how long it takes for a transaction to be CLEARED. As in, verified, confirmed, 100% complete and irreversible transaction of bitcoins. In comparison, the transaction clearing time for credit cards is something around 30 - 60 days. At any point during that 30-60 period, you could find out that the credit card you used was actually stolen and the money gets reversed, plus you are out of pocket already from providing the product/service. In bitcoin, this same window is about 10 minutes to an hour. + +If you see an incoming transaction to your address, you can be 99.9% sure that its legit and will eventually confirm. **You absolutely do not need to force your customer to wait 10 or more minutes just to confirm their payment.** Just give them the damn coffee and let them be. Would you make your customer wait in store for an 2 entire months just to make sure they dont call up their bank and make a chargeback? + +In order to actually pull off a 0-confirmation double spend attempt, I believe it goes something like this (someone correct me if im wrong): + +* Send a payment to the merchant +* At almost the exact same time, send out a transaction using the same inputs but going to one of your own addresses, and pay a much higher miner fee +* Hope that both a) your second transaction will propagate much faster than your first one, while the first one still propagates enough to be seen right away by the merchant b) your second transaction to yourself doesnt immediately get dropped due to the attempted spending of the inputs being seen and c) miners choose to pick up and confirm your transaction to yourself instead of the one to the merchant. + +So basically, its a combination of capability (not many people know how to manually create transactions, relatively), timing, alot of luck and also having the balls to attempt it in person. Its not something thats a garunteed success rate. However if you happen to control > 50 % of the mining hash power, then it suddenly starts to become alot easier, which is why its important to keep our mining distributed (and why everyone freaked out in january over ghash.io) + +Just think for a second how many tens of thousands (millions..?) of fraudulent credit card and bank transactions happen every single day... and not to mention how retard-edly easy it is to scam peoples credit card numbers + +**tl;dr** it's very reasonably safe to accept 0 confirmation payments in most use cases. just dont do it for transactions where some serious cash is in play (have patience and wait the short amount of time instead) + +I try to do this every time I buy something. I almost always can get at least 10% off or free shipping. Today, I found my best yet. A ten second search saved me $53.98 on a $134 purchase. This is a large purchase for me that I had been budgeting for. Save yourself some money by doing this. Your may even find another site selling the same product for less. + + + +Good Evening Apes and Apettes, + +Gonna keep it short and sweet tonight my wife's boyfriend says I get 10 minutes on the computer. + +No GME Block trades of DEEP ITM calls today (data below) + +[GME Biggest Options Trades 4\/27\/21](https://preview.redd.it/7ze44se0stv61.jpg?width=1228&format=pjpg&auto=webp&s=b5b198bac5b0355b383fc48b07edcc6927d7fe21) + +Just a quick update for everyone to log the data in an easily accessible place. Feel free to reference my prior posts for a deeper explanation if you haven't been following along. I wish you all a crown of crayons someday. Until then, I'm u/Dan_Bren see you tomorrow. +Been lurking this sub for awhile. Thank you for all the great content. + +I’m looking for some guidance for someone who is looking to achieve FIRE within the next 5 years or so but also live a fairly premium lifestyle. + +$3M (today’s value - market ughh) tied up in one tech stock. Half is vested today the other half vesting over next 4 years. Likelihood to earn more stock. + +W2 anywhere from 350-500. Can use 425K average. +Primary residence = $2M. $450K left on mortgage. +Weekend residence = $1.5M. $350K left on mortgage. +Rental propert (old house) = $650K. $250K left on mortgage but cash flow neutral. +Commercial building = $900K with $600K left on mortgage. +Own a cafe in the building that covers the mortgage + profit from the cafe. + +Married. 3 young kids, all under 10yo, who all go to a $40K school. +Country club dues of $15K a year. +At least 1-2 fam vacations covered by miles and points a year. + +I can stay this course. But it doesn’t get me FIRE. + +I have two external options on the table. I’d forego 1.5M in stock over 4 years but my W2 would prob go back to 700K-$1M which is where it was several years ago. Plus a healthy stock grant in a company that *may* go public within next 2-3 years. + +I’m a bit at a loss what to do. I either have equity in properties or equity in a single tech stock. + +I have about half a mil in savings for retirement. And a smattering of other accounts with a few hundred K here and there. + +I feel like I’m cruising without a plan and because I’ve earned well for years now it feels like it will always come. Ego aside I’m prob in the top 10% WW of what I do so there’s no shortage of offers. + +I’m also a little bored. I’d like to achieve FIRE in the next 5 or so to spend a lot more time with my kids. +What is a bust out? + +In a bust-out scheme, the identity and credit line of a business are used to obtain loans and goods with no intention of repayment. In some instances, businesses are created for this sole purpose; in others, legitimate businesses are acquired and used for the fraud. + +(www.computerworld.com/article/2535189/opinion--bust-out-schemes-are-a-fraud-designed-to-make-you-go-bust.html) + +&#x200B; + +https://preview.redd.it/vdmn9ebpxqe71.jpg?width=800&format=pjpg&auto=webp&s=905e82e9e9d977b28e4cb9442c38e0f8177f851d + +[https://youtu.be/reiq4lEvnEw](https://youtu.be/reiq4lEvnEw) + +In this post I will go over what I believe is a scheme set out by Amazon to capture and kill companies for market share. The scheme involves Amazon identifying a target, and with the help of it’s gang members, Citadel and Bain Capital, it Busts Out the target using it to capture and kill other competitors in the process. + +In this story I will be talking about Citadel, Amazon and Bain Capital, but you could easily substitute any MM for Citadel, any company for Amazon (MSFT, NFLX, etc) and any Private Equity Firm for Bain (Apollo). I am simply using these 3 because they were the parties I have looked at. I guess you could say if you go looking for shit in a sewer, you're gonna find it, and the Finance and business world seems to be a pretty big sewer. + +In the beginning Amazon acquired the competition Legitimately: + +&#x200B; + +https://preview.redd.it/mu6hv7frxqe71.jpg?width=500&format=pjpg&auto=webp&s=01f5f3a42915acfcf31a511fbb7e69cbdd077679 + +Amazon has been known for capturing market share of just about every sector of the retail space, and now has its eyes set on movies, and maybe at one point even wanted to get into the gaming sector. + +Amazon started relatively small, and set its sights on an easy target: Books. + +But, Bezos wasn’t actually interested in just books, he wanted to create a company that was so big and so dependent on retailers that retailers were dependent on it. + +Well in the early 2000s, around the time amazon was becoming known for selling a little more than just books, it also sold toys for Toys R Us and had a few other things on the site, Amazon wanted to branch out further. + +There were other companies that were already successful in the ecommerce world, so instead of starting from the ground up, and taking down their competition, amazon simply acquired the competition. + +Some notable acquisitions include Quidsi, and Zappos. + +**Quidsi** + +&#x200B; + +https://preview.redd.it/sxo777lsxqe71.png?width=200&format=png&auto=webp&s=38f8bc4987aa12803153136cd4719e2f767feebf + +Quidsi was an awesome adversary, they had domains and successful businesses such as Diapers.com, YOYO.com and Wag.com. The acquisition of this one company cost amazon $545Million in 2010, it wasn’t cheap, but it was easier, and likely cheaper than taking on their competition head on. + +Diapers.com was a growing and successful online retailer of all things babies related and even had the first army of warehouse robots, the same robots used by Amazon today (KIVA) + +YOYO.com was a toy ecommerce company, acquiring these guys helped Amazon capture part of the toy market, especially after Toys R Us nuked their deal with Amazon. + +&#x200B; + +https://preview.redd.it/s661o9qtxqe71.jpg?width=311&format=pjpg&auto=webp&s=61b2af80b382b6ef87f87cfb3e2f566d5af2792b + +WAG.com is a super interesting company here...WAG was/is a pet goods supplier. Do you know any online pet goods suppliers? Huh… + +**Zappos** + +&#x200B; + +https://preview.redd.it/ska7cuxuxqe71.png?width=200&format=png&auto=webp&s=82d56aeebcfe32ed73c686207d49faed47cb032c + +In 2009 Amazon acquired Zappos for $1.2B, again not cheap. And to add further injury to insult, amazon couldn’t kill Zappos because the deal left the CEO of Zappos in place and allowed it to operate independently. Take a look for yourself: [https://www.zappos.com/](https://www.zappos.com/) + +[https://www.inc.com/magazine/20100601/why-i-sold-zappos.html](https://www.inc.com/magazine/20100601/why-i-sold-zappos.html) + +Well fuck, if that doesn’t piss off Bezos… + +Acquisitions are effective ways to capture businesses and get their market share. The advantage was multifold, you get a new business, a group of customers and you take out some of the competition. While this process can be quick, it can be VERY expensive. + +Ok, shifting gears a little, let’s take a look at another company; Bain Capital. + +&#x200B; + +Bain capital was started and run by a little known figure, Mitt Romney. Heard of him? If you haven’t here is an excerpt from an article written by The Rolling Stone when Romney ran for President back in 2012 + +https://preview.redd.it/7dgq4fvwxqe71.png?width=547&format=png&auto=webp&s=d7aa8f5740c4b6f529a1f2c4f5ec85f0c582f00e + +Mitt Romney: + +“And this is where we get to the hypocrisy at the heart of Mitt Romney. Everyone knows that he is fantastically rich, having scored great success, the legend goes, as a “turnaround specialist,” a shrewd financial operator who revived moribund companies as a high-priced consultant for a storied Wall Street private equity firm. But what most voters don’t know is the way Mitt Romney *actually* made his fortune: by borrowing vast sums of money that other people were forced to pay back. This is the plain, stark reality that has somehow eluded America’s top political journalists for two consecutive presidential campaigns: Mitt Romney is one of the greatest and most irresponsible debt creators of all time. In the past few decades, in fact, Romney has piled more debt onto more unsuspecting companies, written more gigantic checks that other people have to cover, than perhaps all but a handful of people on planet Earth.” + +“Instead of building new companies from the ground up, we took out massive bank loans and used them to acquire existing firms, liquidating every asset in sight and leaving the target companies holding the note” + +[https://www.rollingstone.com/politics/politics-news/greed-and-debt-the-true-story-of-mitt-romney-and-bain-capital-183291/](https://www.rollingstone.com/politics/politics-news/greed-and-debt-the-true-story-of-mitt-romney-and-bain-capital-183291/) + +Huh...Kinda sounds like a bust out...SHIT that *IS* a bust out! + +&#x200B; + +https://preview.redd.it/c0ypi7byxqe71.jpg?width=700&format=pjpg&auto=webp&s=e50c7af8891a6bc93942d406153b5e1f117184b5 + +Romney started off with good intentions, buying failing businesses and turning them around, notably Staples. + +&#x200B; + +https://preview.redd.it/8hge4pezxqe71.jpg?width=2220&format=pjpg&auto=webp&s=ad916bd594d8ff133f9d04ae376104a903634e37 + +But Mitt liked to make money, and he soon discovered a new way to make it. A less honest, but faster and more lucrative way. Bain Capital would acquire failing businesses then bust them out. Infact, Bain would use the business itself as collateral for the loan to buy the business, ya, use the business’ own credit to buy the business. This process is known as a Leveraged Buy Out (LBO) + +Once Bain had control of the business, often they would install their own board members and executives, they would then distribute massive bonuses to executives that the failing business could not afford. Sometimes, Bain would use the business’ credit to purchase competitors, as they did with Toys R Us and FAO Schwarz, but we will get to that in a bit. + +Quick example: + +&#x200B; + +[Bain Had it out for toy companies for some reason](https://preview.redd.it/m6tyk521yqe71.jpg?width=416&format=pjpg&auto=webp&s=30ffae76021ba1924ac746b87f2b7ce314752db9) + +Bain Capital acquired KB Toys in 2002 through a Leveraged Buy Out (LBO) under the guise of turning the company around, but this was just a front for their real intentions, you guessed it, a bust out. As soon as Bain had control of the company they issued massive bonuses to executives, bleeding the company of its cash. This would go on until the business declared bankruptcy, KB Toys filed for chapter 11 in 2004, 2 years after Bain came in to “Turn around” KB toys. + +“In February 2005, KB Toys' creditors, including [Hasbro](https://en.wikipedia.org/wiki/Hasbro) and [Lego](https://en.wikipedia.org/wiki/Lego), accused the company's top executives and majority shareholders of improperly providing themselves with multimillion-dollar payments prior to the bankruptcy.” [https://en.wikipedia.org/wiki/KB\_Toys](https://en.wikipedia.org/wiki/KB_Toys) + +Bain Lost control of KB toys during bankruptcy proceedings in august 2005, but the damage was done, and Bain walked away with some money, and some lessons learned. + +**Putting Geoffrey out on the street:** + +&#x200B; + +https://preview.redd.it/quu63ef2yqe71.jpg?width=618&format=pjpg&auto=webp&s=9c45b7321f6d0555c39987537b7968824c360b80 + +Very soon after the lessons learned from KB Toys, Bain went after Toys R Us with KKR and Vornado capital in 2005 by means of LBO...this time with a sharper knowledge of how to bust out the company, and maybe help out newly acquired friends. + +When Bain et al. took over TRU they had a debt load of $1.86B, but for a company of TRU size, that was not unusual. Immediately after the Bain et al. acquisition that debt ballooned to $5B requiring 97% of TRU profits to service the interest on that debt. (Bloomberg) + +Debt made the company, with $11.2B in sales, less nimble and able to navigate the business and finance world. + +[https://www.theatlantic.com/magazine/archive/2018/07/toys-r-us-bankruptcy-private-equity/561758/](https://www.theatlantic.com/magazine/archive/2018/07/toys-r-us-bankruptcy-private-equity/561758/) + +&#x200B; + +https://preview.redd.it/6r6p2icqyqe71.png?width=1110&format=png&auto=webp&s=c11c1767af222158031a1d0167d8808a56b0be28 + +While Bain Capital controlled Toys R Us, TRU acquired FAO Schwarz in 2006. TRU also bought Amazon’s main competition in the toys ecommerce sector etoys.com and [toys.com](https://toys.com/), along with a few other websites babyuniverse.com and the resource site ePregnancy.com in 2009. [https://en.wikipedia.org/wiki/Toys\_%22R%22\_Us](https://en.wikipedia.org/wiki/Toys_%22R%22_Us) + +When TRU was fully busted out and tapped out for cash and usefulness it was liquidated and its parts sold off. It was the end of the massive toy retailer in the US and UK, and the demise of all major toy specific retailers both in brick and mortar and online. + +&#x200B; + +[These companies couldn't care less about the Communities and the people they hurt when these schemes are implemented](https://preview.redd.it/o83lghptyqe71.jpg?width=618&format=pjpg&auto=webp&s=35cb283637324044775436eb4274b68c195c47fe) + +So who benefits the most from this? Retailers such as WalMart, Target, and of course, Amazon. + +**Papa's got a brand new Bag!** + +&#x200B; + +https://preview.redd.it/ekgtnn7eyqe71.jpg?width=960&format=pjpg&auto=webp&s=8c2f9d05ddc90bea2a0b0929d6a11aef5841baad + +This is where I believe amazon discovered a new, cheaper and far more effective way to kill its competition. Upto this point, Amazon had been buying up and swallowing their competition. This was effective, but VERY expensive. + +What if, and hear me out, what if Amazon could use a company like Bain capital to do a take over of the company that had a massive market share that Amazon would like to capture, then have Bain capital busts out that company, using said company to buy up any and all competitors both online and traditional retail then declare the company bankrupt taking down all the competition with it? + +But there is a problem...how do you get Bain Capital to take over a publicly traded company? Hostile takeover? Sure, but that would be EXPENSIVE. Buying all the stock ATM would not only be costly but may also backfire when shareholders refuse to sell. + +Well, what if you could lower the share price in some way that it made it possible to take over the company. How could this be done? + +As we all know, short selling on it’s own can’t really affect the price of a share, but it benefits when the share price declines. Well, what if you’re not truly interested in shorting a company to make money off share price decline. There must be a way to lower a companies share price by increasing the supply of shares on the market...Share dilution? + +&#x200B; + +https://preview.redd.it/h1mh60efyqe71.jpg?width=1024&format=pjpg&auto=webp&s=f9f0f4355be2aba91a978a1b2d3a3ada8227cb8f + +Amazon, and Bain capital are not capable of diluting shares of any company they do not control, so how could they do this to the competition? They need a partner, someone who has access to a share printing machine...but who do we know who has access to one of those? + +**Enter Citadel** + +&#x200B; + +https://preview.redd.it/z99orwzgyqe71.png?width=346&format=png&auto=webp&s=b2847d2d4ac569ea26e78fbbb2eb739d7c11ad32 + +Citadel can create and sell fake shares, driving the share price of a targeted company to the point of either being delisted, or bankrupt, or both. When this happens, Citadel keeps all the money it makes from the short sale, never having to cover their shorts. I think by now you all understand how this works, so I'll leave it there. + +**The Gang Members:** + +&#x200B; + +https://preview.redd.it/ppalxr5iyqe71.png?width=225&format=png&auto=webp&s=681a02b35a3f5754b96557cb41a86803d33d5a2e + +Amazon (The Leader) + +Citadel (The Dealer) + +Bain Capital (The Butcher) + +Washington Post and Motley Fool (The Liars) + +**But now they need a plan:** + +&#x200B; + +https://preview.redd.it/1v7x1c6jyqe71.jpg?width=960&format=pjpg&auto=webp&s=7e4fc5868bcbd421747c018f3ecfcd29be4a72ef + +The Plan + +1. Identify a target **(The Leader)** +2. Install or acquire **inside man** on the board of the company, maybe CEO/CFO +3. Spread rumors about the target though the media **(The Liars)** +4. Create a class action lawsuit against the company +5. Fire up the printers and flood the market with fake shares of the company driving share price through the floor. **(The Dealer)** +6. Company either declares bankruptcy or is delisted from exchange +7. Perform a leveraged buyout of the company, busts it out, acquires other competition to capture and kill, then when the company is so saddled with debt it can no longer stand, kill the company and let the wolves feed off the carcass. **(The Butcher)** + +Job done, Amazon kills its competition, Bain capital makes a pile while busting out the company, and Citadel keeps all the money it made selling fake shares. + +It’s a perfect, foolproof plan, until it’s not. + +Enter GameStop and the Apes. RUH ROH...You know the rest of the story up to this point. + +&#x200B; + +https://preview.redd.it/9ma90tikyqe71.jpg?width=1600&format=pjpg&auto=webp&s=726f009b947c36180bebc4ac65359a74356505dd + +Seems to me the only band member who is going to come out of this unscathed is Bain Capital, they get to slip through the back door leaving the rest of the band holding the bags. + +So what’s my conclusion? I think Citadel is just part of the machine. I believe MASSIVE companies like Amazon, Microsoft, Netflix and others have been using this scheme since the financial crisis of 2008 to capture and kill their competition. I believe there are many moving parts in the plans, and Citadel/Kenny is just a footsoldier, **not** the mastermind. + +There may be a bigger Bowser at the end of this world than we expected, kenny may just be a Hammer Bro. + +&#x200B; + +https://preview.redd.it/hyhp3zllyqe71.jpg?width=650&format=pjpg&auto=webp&s=9f7bc69325422435eb961b9ed8a2d06909a26620 + +As a side note, there was talk earlier this week about AA and his connection to SHF. I think this guy got stuck between 2 worlds. He may have been installed by the gang in an attempt to bust out the company (fits well with MGM purchase). But Apes got involved and now he’s stuck between getting caught as an inside man for the SHF and actually having to be a good CEO. I believe he may be in self preservation mode, and has decided to jump to the winning team’s side. + +**Edit:** I'm just going to leave this here: [https://www.thestreet.com/investing/amc-gets-lift-on-revived-amazon-acquisition-rumor](https://www.thestreet.com/investing/amc-gets-lift-on-revived-amazon-acquisition-rumor) + +Oh, and there is a complimentary story by The Fool saying there is no merger... + +This was an accidental find + +**Edit 2:** + +Bain capital explained by Tony Soprano + +[https://youtu.be/reiq4lEvnEw](https://youtu.be/reiq4lEvnEw) + +This explains what Bain does VERY well + +Thank you to u/[AceoFiSpades](https://www.reddit.com/user/AceoFiSpades/) + +&#x200B; + +**Author's note:** This is a direct repost from a DD I wrote about 2 months ago, before the MILLIONS of share's hidden in offshore puts was discovered, before the connection between Stevie and Blackstone was discovered, before the Assturdnot went to space. A lot has changed since this was written, and a follow-up is likely due. Don't get fixated on the names in this post, but pay attention to the ideas and the methods. You could easily substitute blackstone for bain, and put GS in with 72 and Shittyhell. + +please discuss your ideas, and think freely, cause you know the perpetrators of this massive fraud have thought VERY creatively to come up with these schemes. +I’m sure that a lot of you have heard about Monero (XMR) and that it is [Private/Untraceable](https://imgur.com/a/Skb5L4q) and most commonly used in “boating accidents” but there’s more to XMR then just that and it’s potential use cases are solid + +A lot of people seem to have this understanding that XMR is used solely for the purpose of buying illicit products on the dark web because it’s untraceable, and yes that does happen, but it’s also happened to Bitcoin before and now countries such as El Salvador have made BTC a national currency. + +XMR can be used for so much more then nefarious acts online for example buying everyday products and subscriptions/services. + +Why would you want to use XMR for that? + +Credit card fraud rose by 44.7% over 2019 to 393,207 reports. + +There were 1,108 data breaches in 2020, + +The number of people affected by data breaches was 300Million in 2020 + +identity theft/fraud cases resulted in losses of $712.4 billion in 2020. That was a 42% increase from 2019. [source](https://www.fool.com/the-ascent/research/identity-theft-credit-card-fraud-statistics/) + +Paying with a credit/debit card seems simple enough but your putting your information/finances at risk of being compromised and it is a headache to deal with compromised bank cards/credentials + +In comes XMR to solve these issues: Since XMR is so private the risk of having your credit/debit card compromised by a data breech is virtually impossible because you never used the credit or debit card to buy the product/service + +Outside entities cannot decipher addresses trading monero, transaction amounts, address balances, or transaction histories. This is all because of XMRs stealth addresses which obscures the public address to the people involved. This also goes hand in hand with XMRs ring signature technology which makes use of your account keys and a number of public keys pulled from the blockchain using a triangular distribution method. There is no way an outside observer can tell which of the possible signers in a signature group belongs to your account. XMR is so private in fact even the IRS has even offered a bounty of $625K to anyone who can crack the privacy of Monero. [source](https://blockchain.news/news/irs-criminal-investigation-$625-000-bounty-monero-privacy-crack-btc-lightning-network-tracker) + +On top of all that delicious technology that XMR has to offer it is also an open source and completely decentralized so anyone can partake in using XMR. No one is excluded. + +And the icing on the cake is that XMR is considerably much cheaper to transact with then Bitcoin. Plus all the added benefits with all the extra features that XMR has to offer. + +Transaction fees paid (last 100 transactions) [source](https://www.monero.how/monero-transaction-fees) + +Monero (lowest) 0.000007 $ 0.0010 + +Bitcoin (lowest) 0.000027 $ 1.0647 + +Monero (median) 0.000009 $ 0.0014 + +Bitcoin (median) 0.000067 $ 2.5851 + +Monero (highest) 0.006938 $ 1.0105 + +Bitcoin (highest) 0.000450 $ 17.4929 + +**TLDR: you should use XMR wherever possible for your day to day transactions to mitigate your chances of having your credit/debit card and personal information from being compromised.** + +**Privacy is a human right** +Hi everyone, + +The changes from LIBOR to SOFR has been one of my biggest catalyst from when THE CHAOS THEORY was created and melons guide to the moon (months ago). + +Both DDs a must read for apes in my opinion. + +https://www.reddit.com/r/GME/comments/n2hjnk/33_the_ultimate_dd_guide_to_the_moon_crazy_melon/?utm_source=share&amp;amp;utm_medium=ios_app&amp;amp;utm_name=iossmf + +CHAOS THEORY LINKS BELLOW + +After everything that is going on, I kinda forgot about it and haven’t seen anyone mentioned it. + +This changes were going to be in effect at the end of 2019 and when they tried to implement it, it crashed the market. + +Then “conveniently” Covid came to play (not saying that’s the reason why Covid exist) but definitely used as a escape goat to delay those changes to mid 2021. + +I remember being excited when the day came, but suspiciously got delayed again. + +This time to December 31, 2021. + +Yes! The day in which everyone is gonna be so focused in the New Year’s Eve and the fireworks and everything, and not be looking into this. + +Let me refresh you how big the change from LIBOR to SOFR is. From the DD above that is months old. + +———————————— + +**LIBOR to SOFR** + +READ THE CHAOS THEORY DD](https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/) to have the proper DD about this. (recommend the whole saga!!) + +Changes from Libor to SOFR were meant to happen in 2022, but guess what? + +They pushed to June 2021!!! + +Update: the DD was written before June and I was so excited just to find out, was pushed again to December 31 this year. + +Original schedule changes here + +[https://webstorage.paulhastings.com/Documents/PDFs/timeline-for-libor-transition.pdf?sfvrsn=363ea8ab\_2](https://webstorage.paulhastings.com/Documents/PDFs/timeline-for-libor-transition.pdf?sfvrsn=363ea8ab_2) + +**This is massive!! Why?** + +Banks used LIBOR to manipulate their self created and self reported interest rates in order to be favorable and give away (lending) money left right and center. Where did tons of that money go? To HEDGEFUNDS, management and so on! The fat bonuses and feels to me like the perfect way to money launder (this is speculation of my side, educated one tho). + +They borrowed money from banks for almost no interest rates no matter how the economy and inflation was. + +Update: They kept on printing, to the point the inflation is 6.2% and everything it’s going up and up! during an unprecedented pandemic!!! For what? SHORTING and INCREASE THE WEATH GAP. + +They need to increase the interest rates as one of the main tools to control inflation, also need to recall money itself since the increase money supply is diluting the value and buying power of it. + +**Wtf??** + +Now you wonder why during a pandemic the whole market was “healthy” and up and growing right?? Inflating business with naked shares and more… + +Update: SP 500 it’s been touching record highs over and over lately, that is not normal, and the economy it’s not “fine”, it’s been artificially pumped by the huge amount of printing! + +You know where that money is going, central banks, MMs, SHF and upper management of business to pu themselves fat bonuses. + +**So what all this changes mean?** + +With Libor banks set interest rates themselves for their loans to business, institutions, people or the government) according to how the economy is, “using” indicators like inflation among others. [Read about it here.](https://www.investopedia.com/terms/l/libor.asp#:~:text=LIBOR%20is%20administered%20by%20the,data%2Ddriven%2C%20layered%20method) + +The banks have been manipulating this FOR A LONG TIME. Especially after 2008. + +I guess they wanted to recoup their loses and because being HOLDINGS now, they wanted to be bigger and bigger. + +CHECK ON MELONS DD on what Holdings means, and how fractional banking works (huge massive scam all interconnected and networked). + +**BOOM! The greed** + +They got too greedy.... :( Even during the pandemic they gave away loans at very low and favorable rates, it was more than obvious that the economy wasn't right... they needed to raise the rates! + +They didn't!! + +With the money they been also purchasing tons of real estate, TONS! And they still don’t want to slow down, no tapper yet! Insane! + +Now they are full of this bad bad loans with subpremiun and adjustable rates, but everything was ok as long as they kept on showing those fake interest rates right? + +SOFR arrives!! + +SOFR was almost implemented on 2019 and almost caused a massive crisis!! **BUBBLE ALERT!** + +why? + +**Lets find out what SOFR means** + +[What is SOFR?](https://www.investopedia.com/secured-overnight-financing-rate-sofr-4683954) + +https://www.jdsupra.com/legalnews/libor-transition-to-sofr-a-brief-9557503/ + +Thanks to a fellow ape in the comments for providing this link ❤️ + +The secured overnight financing rate, or SOFR, is an influential interest rate that banks use to price U.S. dollar-denominated [derivatives](https://www.investopedia.com/ask/answers/12/derivative.asp) and loans. The daily secured overnight financing rate (SOFR) is based on transactions in the [Treasury](https://www.investopedia.com/articles/investing/073113/introduction-treasury-securities.asp) repurchase market, where investors offer banks overnight loans backed by their bond assets. + +So the interest rates are not going to be self reported by the banks, but instead the government is going to provide those rates to the banks based on the repo market. + +They believe is a better option than letting the banks manipulate the rates for their advantage. + +This magnificent ape made a really good post about it and thats how I found out about this problem, all credit to him!! + +[https://www.reddit.com/r/Superstonk/comments/mseyai/chaos\_theory\_the\_final\_connection/](https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/) + +FROM THE **CHAOS THEORY:** + +Introducing **SOFR (Secured Overnight Financing Rate**)!!!!! This is a MASSIVE 200 trillion dollar transition that will take place over the next few years. + +**OH and it almost imploded the entire fucking market the first time it was attempted to be implemented back in 2019** [https://www.federalreserve.gov/econres/notes/feds-notes/what-happened-in-money-markets-in-september-2019-20200227.htm](https://www.federalreserve.gov/econres/notes/feds-notes/what-happened-in-money-markets-in-september-2019-20200227.htm) + +[Definition](https://www.investopedia.com/terms/t/treasurybond.asp) + +brilliant ape make the [**CHAOS THEORY**](https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/) and explains a lot of what im saying here. **A MUST READ** + +[https://www.reddit.com/r/Superstonk/comments/mseyai/chaos\_theory\_the\_final\_connection/](https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/) + +I'll let the rest to the CHAOS THEORY, very well explained. + +——— + +For new and old apes, be aware, a lot of things are coming and the market is standing in a fine edge. + +Buckle up!! This is gonna be a bumpy ride! + +Can’t stop, won’t stop. GameStop now! + +🍉 out + +🚀🚀🚀🚀🚀 + +Edit: I will be re posting this everyday until December 31 hopefully with updates. Why? Because fuck em that’s why +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 +Hello, I’m 18 and my goals are a steady source of income so low fees and dividends are always a plus. I have investing knowledge and use M1 finance for my stocks which are adequately diversified but I was wondering if any of you had good suggestions for etfs or funds. Thanks! +The S&P 500 has made a fantastic recovery after the Covid 19. FTSE is recovering but lagging far behind. + +- UK & US central banks acted similar +- UK handled the unemployment issue pretty well +- Covid 19 is getting under control too + +Is Brexit the issue? Is the S&P just overvalued? +So I’m not too close with this guy but he’s an alright guy don’t know if I’d trust him with my money but this is his plan. He wants me to put in about 5-1k into trading and since he’s apparently a very good trader (he’s shown me some evidence and it’s pretty good) he said he can make that back for me and keep using that to trade for me but he gets 50% while I don’t have to do anything, I was thinking what does he gain from this because he is 100% not doing this out of the goodness of his heart but I realised he still makes money from the 50% cut but it’s the fact that I don’t have to do anything that’s shady, I’ve never traded in my life don’t even know if this is the right sub to be posting this in but I wanted a bit of insight +I asked a little while back about real-life returns and got a range of answers, and I'd say many ranged from around 10-30% per year. + +But I realized I didn't ask an important thing - how much of your buying power are you using? And are you using margin? + +With a portfolio around $750k, I'm trying to work out the number of positions and the appropriate position sizes, but I figure I need to determine how much BP to use first. And I'm wondering what all you more experienced types have been doing +I hold 100 shares of ROKU at an average of $106.67/share. Sold a 4/17 $115 Covered Call but Roku shot up today way past my $115 strike (currently at $127.99). I received $120 premium for the sold call. + +My options: +**1.** Let it expire tomorrow and my shares called away at $115/share. Then sell a put and start the wheel over. + +**2.** Buy back the call today and sell a 5/15 $115 strike for $830 premium (minus my $120 initial premium). + +Is #2 a viable strat? I'm ok with getting called on my shares at $115/share tomorrow but why wouldn't I just delay that for a month and pocket a guaranteed $710 next month and also the possibility of Roku dropping below $115? Or would it be smarter to just let it expire and sell weekly OTM puts until I'm assigned again? +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'm about two months into theta gang strategies, and have mostly been enjoying the results. I'm wondering, for anyone who has been doing this a while, what was the WORST thing to happen to your portfolio while trying to collect premium? When did it happen? What changes did you make afterwards? I've made mistakes with things like trying to time the market, penny stocks, other assorted newbie stuff, but before I screw something up here, anyone want to share their experience? + +\*edit to add\* Thanks for the responses! I was getting ready to respond to the first when others came in and I noticed a pattern emerging, featuring the word, "overleveraged." Definitely something I'll keep in mind whenever I have a series of wins and want to further extend. +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. +What's the best way to select the optimal expiration date when selling covered calls? I know intrinsic value is lowest and theta decay highest the closer you get to Expiration, but - my charts show that selling CC's expiring Friday every week (4x the premium every 30 days) is going to be more profitable than selling 1 call with 30 DTE. What am I missing? +So for the past 3 months I’ve been trading put credit spreads on SPY way out of the money for 2 week expirys. I made $5000 dollars on a $20,000 account. Then last Friday, and Tuesday I lost $14,000 when the market tumbled. My biggest problem was that I didn’t really have an exit strategy. So I’m looking for guidance on when people doing this type of trade cut their losses. Here is an example trade I would make. + +100 contracts usually with a strike price around $20 below the current SPY price. The premium is usually .05 or .06. I would then close out at .01 when the price of spy would move up. + +However, I had no stop loss if the price moved down. Using my example above, when is a good time to exit this? Would it be if the premium to close was double my original premium collected? Triple? I don’t want to be closing so many out of unnecessary fear that I never make a profit, but don’t want to get to a place again where it costs me .60 cents to close either. Any thoughts or recommendations would be welcomed. +Why does tastytrade like selling to open 45DTE options and closing at 21DTE, when the theta on Weeklys are so much more in comparison? + +Wouldn't the ROC (return on capital) be a lot more when writing Weeklys every week (because of the higher theta), than writing options with 45 days to expiration? + +I can understand the Gamma aspect; but say one is doing PMCCs, the long leg of the diagonal would more than cover the volatility of the delta on the short leg, no? + +(edit: short leg of the spread being an OTM call with a delta of 0.30 or lower, and the long leg being a deep ITM call with a delta of 0.85 or higher) +I had 7 ICs on TSLA expiring this week with strikes at 925/920 and 1060/1065 (5) and 1070/1075 (2). I was able to close all the put legs but I am in ouchtown on the calls. Lost all my gains over the last month as it stands. I’m hoping for TSLA to correct some tomorrow but it doesn’t seem likely. + +Question - I know theta is not going to do much if it keeps going up so do I close sooner to limit gamma exposure? + +Also I’m thinking it’s better to just close and eat the ~200/contract rather than get assigned and blow my entire account. And unless I can find some good strikes I don’t think rolling makes a lot of sense as the premiums will only cover my losses for today. Is that the right way of thinking? +To those of you playing ATVI tomorrow what are y’all playing? After seeing EA and now TTWO it seems like ATVI will have a pretty solid earnings as well. Towards close tomorrow was going to look into opening some put spreads or run a PMCC to collect on that IV for this week! +It seems like people are finally starting to realize that BlackBerry, in fact, **is NOT a meme stock.** + +You might ask, why is that? Well, here are a few of their partnerships and products that they're developing (and have *already* developed): + +* Partnership with Amazon: On December 1st, [BB announced a multi-year agreement ](https://www.blackberry.com/us/en/company/newsroom/press-releases/2020/aws-blackberry-join-forces-to-accelerate-innovation-with-new-intelligent-vehicle-data-platform#:~:text=OverviewContact%20Us-,AWS%20and%20BlackBerry%20Join%20Forces%20to%20Accelerate,New%20Intelligent%20Vehicle%20Data%20Platform&amp;amp;amp;amp;text=SEATTLE%2C%20WA%20and%20WATERLOO%2C%20ON,%2C%20Amazon%20Web%20Services%2C%20Inc.)with AWS, which is Amazon’s cloud service business. The agreement plans to develop and market BlackBerry's Intelligent Vehicle Data Platform, IVY. BlackBerry IVY is a scalable, cloud-connected software platform that will allow automakers to provide a consistent and secure way to read vehicle sensor data, normalize it, and create actionable insights from that data both locally in the vehicle and in the cloud. Automakers can use this information to create responsive in-vehicle services that enhance driver and passenger experiences. +* Partnership with Baidu: On January 25, BB announced the [expansion](https://www.blackberry.com/us/en/company/newsroom/press-releases/2021/blackberry-expands-partnership-with-baidu-to-power-next-generation-autonomous-driving-technology) of its strategic partnership with [Baidu](http://iv.baidu.com/), whose high-definition maps will run on the [QNX® Neutrino® Real-time](https://blackberry.qnx.com/en/software-solutions/embedded-software/qnx-neutrino-rtos) Operating System (RTOS) and will be mass-produced in the forthcoming GAC New Energy Aion models from the EV arm of [GAC Group](https://www.gac-motor.com/) (Guangzhou Automobile Group Co., Ltd.). The milestones build on the company’s [January 2018](https://www.blackberry.com/us/en/company/newsroom/press-releases/2018/blackberry-and-baidu-partnering-to-accelerate-connected-and-autonomous-vehicle-technology) agreement to make BlackBerry QNX's industry-leading operating system (OS) the foundation for Baidu's ‘Apollo’ autonomous driving open platform. +* BlackBerry QNX: BlackBerry is entering into the auto industry by using their QNX real-time operating system that is already built into over 175 million vehicles today and is already being used by automakers like Audi, BMW, Subaru, Volkswagen, GM, Toyota, and Honda. NVIDIA is even building its AI self-driving platform off of BlackBerry’s QNX technology. +* BlackBerry IVY: [In addition to the QNX](https://www.fool.com/investing/2020/12/07/investors-overreacting-blackberry-deal-with-amazon/) Operating System, their partnership with AWS allows them to store all of this vehicle data through BlackBerry Ivy, which is a cloud-based software platform that allows these automakers to view data and insights for their vehicles. +* BlackBerry Spark: Another major service that BlackBerry offers is its Unified Endpoint Security, which is a comprehensive security approach to endpoint security that is essential to protect against and remediate cyber threats while providing visibility across all endpoints. Through their UES, they plan on improving **cross-platform visibility, cyber threat prevention, and remediation,** while **simplifying administration.** + +**Okay, so why is this important?** + +1. BlackBerry QNX was created to expand and improve autonomous driving vehicles and is currently being used in over 175 *million* vehicles. +2. BlackBerry IVY helps these automakers (Audi, BMW, Ford, etc) view data and insights on their vehicles. This means that if there is a recall on a vehicle, even like a problem with the sensors, **the automakers can find that issue much faster and quite possibly even fix it through a software update.** +3. They are REVOLUTIONIZING the automobile industry because of these two products. \*\*In the future, we could see a shift from hardware-driven vehicles to software-defined vehicles.\*\* +4. Not only are they focusing on this, but they also have successfully created cybersecurity software that received the **HIGHEST score in the industry for the Enterprise** [**Unmanaged/BYO use case**](https://blogs.blackberry.com/en/2020/09/blackberry-achieves-highest-score-in-gartner-critical-capabilities-report-for-unmanaged-byo-use-case)**.** + +Gartner Research (who published the study) even placed BlackBerry higher than VMWare, IBM, and MSFT basically signaling that their products and services are better than their competitors. In fact, NONE of BlackBerry's customers that use BlackBerry Guard were affected by the SolarWinds hack. And the stock price is still $12. + +**The Sobering Part of this DD:** + +After taking a look at their balance sheet, I can agree with the skeptics that they’re not raking in a ton of money right now, but anyone can see that their current balance sheet makes the company appear to be undervalued, especially when compared to their competitors. + +I mean, based on this information ALONE, the price of the stock should be much higher than it is right now. BlackBerry's current market cap is around $7 billion, with its competitors like Palantir, a software company that I’m sure you’ve heard other YouTubers talk about, hovering at 60 billion. And funny enough, Palantir is also focusing their software on electric vehicles and cybersecurity, just like BlackBerry. **If BlackBerry had the same market cap as Palantir, its stock price would be $110.** + +**Final Thoughts:** + +Here’s what the skeptics don’t realize though. They don’t realize that BB is still very focused on product development and customer acquisition, and that boomers probably still think it’s a phone company. Well, it’s not. + +With their partnership with Amazon, Baidu, their UES and UEM product known as BlackBerry Spark, BlackBerry IVY, and their QNX operating system for vehicles, it seems like the market is not correctly pricing in BlackBerry’s **future growth**. + +Maybe one day if BlackBerry receives the same amount of hype that Palantir is getting right now, maybe then it’ll be taken much more seriously. **But only, once people realize that it’s not a meme stock.** + +EDIT: Well, WSB mods have banned me for linking my video. Oh well. + +EDIT 2: By the grace of u/DeepFuckingValue, mods reduced my sentence for being a good boy. + +Also, I forgot to mention this: to all the retards out there saying “BB is not PLTR” lemme let you in on something. + +**BlackBerry’s Fiscal 2020 Revenue: $1.1B** +**Palantir’s Fiscal 2020 Revenue: $1.05B (ESTIMATE)** + +And again... + +**BlackBerry’s Market Cap: $7.3B** + +**Palantir Market Cap: $55.6B** + +So, you retards are telling me to sell my undervalued stock to buy *OVERVALUED* stock?! LMAOOO 💎🙌🏻🚀 + +EDIT 3: Position is 500 shares @ $20.35, and no, I did not make this post to “recover losses.” Please, if you are a cynic, do yourself a favor and realize that not everyone is cynical. +https://7news.com.au/news/bushfires/red-cross-under-fire-for-withholding-two-thirds-of-bushfire-donations-c-660715.amp + +https://amp.smh.com.au/politics/federal/research-reveals-concerns-with-charities-over-bushfire-appeals-20200203-p53xcx.html + +https://mobile.abc.net.au/news/2020-01-23/bushfire-aid-row-continues-as-red-cross-attacked-again/11892062?pfmredir=sm + +I'm not even joking. If you're making bank today, don't let your friends sink with the ship. Charities already have enough money, Red Cross got 90 million from the Bushfires and only handed out 1/3 of it. + +Surely you can find people closer to home who really need the help rather than giving it to a bunch of numpty fucks in an office where 2/3 will be saved for a rainy day. +Basically, I grew up without many friends, survived high school with one close friend, and everything was fine. In the four years since I graduated I've been doing great financially, saving a ton, and being very frugal. + +Since I've been with my boyfriend for the past year, I find I get along with his friends just as well as he does. I'm going out, buying drinks now that I'm 21, buying food, taking trips, and all sorts of things I never would have done before. My only expenses for entertainment were Netflix and Gamefly, and eating out every so often. All of a sudden I'm spending $45-$50 in one night of going out, which I never would have before. My entertainment budget has doubled, possibly tripled. + +How do you avoid this? I have a retirement account, put as much into savings as possible, avoided debt and high interest loans, but I never prepared to have a life. + +Edit: Wow, I definitely didn't expect the responses from PF to say I was actually spending money on the right thing! I do feel a good bit better. LBYM and frugality have been very pounded into me, with spending and spenders so demonized, that I just didn't feel comfortable or like myself when I started. + +The two questions I saw popped up were how much do I make/save and what do I enjoy. + +My income is pretty random, in 2013 I made ~$36k, and in 2014 I made ~$55k. Last February I made $12k, and this month I made $1.2k. I don't have a 401k as I'm an independent contractor with no company offer. I've maxed my ROTH IRA in 2012, '13, and '14. I saved ~1.5k/mo last year and so far this year, and about $500/mo into an account to pay taxes. I make between 3 and 5k/mo on average. I mostly support my boyfriend, who brings in around $200/mo. Until December I had a rent of 950/mo, but I am waiting on getting approved for a mortgage and so am living with my parents until that goes through, so no cost for utilities or rent. + +My entertainment budget before was less than $100/mo. I basically just played video games and watched Netflix. The rest came from hobby stuff, mostly knitting yarn. I traveled, but I traveled cheap. My last trip was in October-November 2014 with my boyfriend. We live in Florida. We drove I-10 from Jacksonville to LA, stopping at free stuff along the way (toilet seat museum, goofy water towers, parks, the Alamo), with the most we paid for entry being the 50 cents to cross the Rio Grande into Mexico. We had a packed cooler, ate some grocery junk bakery foods in the morning and made sandwiches at rest stops for lunch and kept them in the cooler for dinner, slept in the car, and had a blast. With him I don't have issues spending. + +It's just with the other friends, the whole experience is very new and I don't feel I have the pull to have them change their ways. But I really liked the point that they probably are struggling too. Most are either bachelors, masters, or doctoral students, none with family money, so I wouldn't feel like a wet blanket suggesting free or cheap things, but maybe I can be the one who says what we're all thinking :P + +I see where everyone's coming from, and looking closer at it, I think I am afraid I'll let the newfound habit get worse and worse, as I know so many better off people who have no money left over. It kills me knowing that even at only 1% interest, $150/mo could be $80,000 extra when retirement comes. But $80k isn't much for a lifetime of experiences, as long as I keep it in check and reign it back when my income slows down. +Source: https://www.toppanmerrill.com/glossary/one-hundred-forty-four-sec-form/ + + +It’s potential intent to sell, not any official transaction. He can also not choose to sell and fill out another form within 90 days. + + +*Edit I’ve done some more digging and here’s what I’ve found. I think he’s filed this because he’s recently been changed from an institutional investor to an insider, and thus as an insider he has to file this form in order to maintain the ability to sell when he wants. + + +Insider status source: https://bedbathandbeyond.gcs-web.com/static-files/52e1b74d-de71-4866-ab9d-b8e7b5c35d52 + + +This is why we didn’t see a form 144 from the institutional investor, FCM holdings, who dumped earlier this week. + +*2nd edit in case you smooth brains need more reassurance. + +Definition of an insider includes an individual who owns more than 10%. Source: https://www.investopedia.com/terms/i/insider.asp + + +Despite owning the same amount of shares, the float decreased which is why he had to file again to show a greater than 10% stake, and then file a form 144 to have the ability sell since he is considered an insider at that position. + +Another Alternate source stating that the purpose of 144 is for insiders: +https://washingtonservice.com/insights/form-144-filings/ + +*last edit: Ryan Cohen bought in with a vision. He struck a deal to get 3 board seats and promptly kicked out the deadbeat CEO tritton. If he were this paper handy, he would’ve never been as successful as he’s become. And then you have his meme tweet about the bbby’s lady’s cart being full lol. Stay strong my friends. +http://www.marketoracle.co.uk/Article48861.html + +I'm new to the term Carry Trade. The associations in the article are interesting - though I admit to not fully understanding them after reading this article. + +I thought the oil price was collapsing because the Saudis decided to overproduce to take new and upcoming sources off the market - and since many of the oil producing nations rely on oil to run their governments, they can't afford to stop their own spigots to reduce supply. + +I've had this discussion with many people, and I would like to hear you guys as well. + +Most people say that China, with its 1.3 billion population, will surpass the United States as the biggest economy in a matter of years. While that may well probably be true, there are many factors that could affect the long term viability of such a fact, such as its soon-to-be declining population, corruption in the government, communism, pollution, etc. + +So I want to hear your thoughts about that question. +401k and ira maxed out. I'm sitting on cash and am interested in investing in a few single stocks (no etfs, mutual funds, indices as I am already well balanced in my 401k). There are so many options but I am interested in finding a market pulse source where people discuss the next Tessa, Netflix or even Amazon. Any ideas where to turn? Reputable sources and/or discussion forums? +Isn't [what we're seeing now](https://twitter.com/MeekMill/status/1347577344609955842) both a great example of widespread greed *and* the [shoeshine boy story](https://archive.fortune.com/magazines/fortune/fortune_archive/1996/04/15/211503/index.htm) brought to life? + +At what point do you follow "be fearful when others are greedy" over "time in the market"? +So I've started a new job and during the signing pages I asked about the start and finish times being 7am to 5pm with no mention of breaks. + +They replied it's to offer our services to the public during these times and reasonable extra hours is required. So I'm on a salary getting paid only 38 hours a week with I assume is a half hour lunch break in there each day but working 47.5 hours. + +So an extra 9.5 hours a week they are getting for free. + +Now I don't work the front counter or deal with customers either so I don't understand why I'm here at 7am most days. + +Now this week I had to take a day off to look after my little one who was throwing up all night, came back into work the next day and have been asked to fill in a leave form either as paid leave or unpaid leave. Seems like the extra hours worked mean nothing. +I get his newsletters and the last one had an idea about improving security for Australian’s financial data - not an expert myself but at first glance it seems like a reasonable idea. + +Having said I am not sure why he thinks being so patronising to a government minister is a good strategy. + +Here are some choice quotes… + +“All you’ll need is to muster up some political ticker, Minister.” - + +“So, my suggestion is that the government (i.e. YOU, Minister)….” In case he forgot? + +“Yet your allegiance is to the Australian people you have the honour of representing.” + +Yea we get it Scott - people don’t like politicians but you don’t have to be a total douche when it comes to offering suggestions. + +I suppose being an open letter it was an opportunity to beat his chest. + +(Full letter in comments) +# Intro + +This post will make an argument for why coastFI may be a rational approach to retirement accumulation. To be clear, I am not advocating anyone adopt this framework or choose to pursue coastFI. In fact, this argument and its framework is largely an excuse to introduce the fantastic NPER family of spreadsheet functions. That being said, it's also an opportunity to explore alternative perspectives on different ways a FIRE-oriented lifestyle might be built for different needs. + +*** + +# Defining coastFI + +CoastFI is often framed as having enough in your investment accounts such that no additional savings are needed to hit your goal at age 65 (arbitrarily chosen as "retirement age"). This leads to two easy critiques: + +1. If you're coasting to age 65, you're not really retiring early. +2. If you stop saving--and thus start spending all your earnings--you will either need to save for a much bigger retirement or accept a large reduction in spending once you hit age 65. + +The answer to critique #1 is to simply lower the coast age, thereby requiring a larger savings amount. The answer to critique #2 is often addressed in one of two ways: + +1. So-called baristaFI, where you reduce your earnings (and hopefully also stress) to match your goal coastFI spending. +2. Raise the retirement spending goal to a higher number to account for the higher level of spending, analogous to lowering the coast age above. + +My issue with solution #1 is that it is not always straightforward to reduce your income to match your coastFI spending. Not all fields of work are amenable to part-time employment and switching careers to something that offers flexible hours for lower pay may result in dissatisfaction if the wrong field is chosen. + +As a result, I think the most generalizable formulation of coastFI involves choosing a target that incorporates the fact that you will be saving less, but not necessarily zero, in order to spend more with the goal of increasing your quality of life while still working. Thankfully, spreadsheets include a few very helpful formulas for calculating such targets. + +*** + +# The NPER Family + +How do you even calculate coastFI? On this sub I've seen a few very complicated formulas that treat accumulation and savings goals as an algebra problem, either taking the log or using exponents to account for compound growth. While those formulas are not *wrong*, there are simpler ways. + +Spreadsheet software includes the NPER family of formulas to solve all the flavors of the same problem. They all use the following variables to solve for the missing variable of interest: + +1. NPER (number of periods) +2. RATE (compound growth rate) +3. PMT (payment, aka contribution or outflow) +4. PV (present value) +5. FV (future value) + +Let's say you wanted to know how many years it would take to reach $1M if you make $80k and save $40k each year at a growth rate of 5%. Because we want to know the number of periods, we'll use the NPER formula: + + =NPER(RATE, PMT, PV, FV, [type]) + =NPER(5%, -40000, 0, 1000000, 1) + =16.07 + +This roughly aligns with the [MMM Shockingly Simple Math](https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/) chart which lists 17 years to retirement at a 50% savings rate (40k out of 80k). Note a few things: + +1. The formula obeys cash flow sign convention. This means that it assumes you're paying off a loan valued at $1M, so it requires negative cash flow (PMT) from your account to pay back this loan. For the purposes of saving for retirement, think of yourself actually paying money out of your accounts as an outflow transfer of wealth (thus the negative sign). This would also be true for the present value (use a negative sign). +2. The [type] variable is optional, and represents the PMT occurring either at the end (0) or the beginning (1) of the period. This accounts for the discrepancy between the finding above and the MMM chart, as the MMM chart assumes lump sum contributions at the end of the year (with rounding). + +*** + +# Combining NPER and coastFI + +We can now use the NPER family of formulas to help solve some coastFI problems. + +What is the coastFI dollar amount to hit $1M at age 65 if I'm currently 30 and I expect a 5% return? + + =PV(RATE, NPER, PMT, [FV], [type]) + =PV(5%, 35, 0, 1000000, 1) + =-181290.29 + +You'll note again the sign convention, meaning you need to have "paid in" $181,290.29 to your retirement balance to have it grow to $1M by age 65 (i.e. 35 years from now). We can confirm this using the classic compound growth formula: + + =181290.29*1.05^35 + =1000000.026 + +You can even nest formula families within each other. If I save 40k per year, at what dollar amount am I "halfway" to $1M by time rather than by dollars? + + =PV(RATE, NPER(RATE, PMT, PV, FV, [type])/2, PMT, [FV], [type]) + =PV(5%, NPER(5%, -40000, 0, 1000000, 1)/2, -40000, 1000000, 1) + =403,221.62 + +For the NPER part of the PV formula, we nested an NPER calculation for getting to $1M with $40k annual contributions and divided by 2 to get half that period of time. We took that output and put it into the PV formula to end up with the dollar amount that's halfway in time to reach $1M. We can confirm this with NPER: + + =NPER(5%, -40000, -403221.62, 1000000, 1) + =8.035 + +Which is half the initial result of 16.07 years. + +*** + +# Adjusting for Quality of Life + +This will be a short section because it's the most tenuous. There's a [famous paper](https://www.pnas.org/content/107/38/16489) supporting the idea that the value of income to emotional well-being may max out at a particular threshold. There's a slew of literature supporting and challenging this finding, but overall even if there isn't an income limit above which well-being is saturated, the relationship appears [roughly linear even to very high values](https://www.pnas.org/content/118/4/e2016976118). You can even [map out what the $75k threshold translates to based on cost of living in your area](https://enviroatlas.epa.gov/enviroatlas/interactivemap/) (US). + +Say you make $120k per year and are trying to decide whether you want to save 80k per year and live on 40k for the rest of your life vs 60k vs 80k (or some other formulation). You can use the NPER formula to determine how many years it'd take to reach your target number (whether that's $1M, $1.5M, or $2M, respectively) and adjust those years (and all remaining life years) by some multiplier (say 0.8, 0.9, and 1.0, respectively) to account for the quality of living at those various income levels. You can then try to make a rational decision around how many years you want to live live on 40k of income (to jumpstart your retirement savings) before scaling back savings to 60k of income for more comfort, and then ultimately to 80k of late-career/retirement and see whether the added years of work (calculated via NPER for each time period) are worth your (improved quality of) time. + +I leave it as an exercise to the reader to calculate the quality-adjusted life years (QALYs) of living at various levels of income and/or optimizing QALYs over one's lifetime. + +*** + +Note: this post was written rather quickly. Excuse typos. + +*** + +Edit: Here's an example with some *very* rough numbers. + +Assume a 30 year old is starting their FIRE journey making 100k per year. Their ideal state is full retirement spending 80k. Working imposes a penalty of being only 80% as good as not working. Similarly, living on only 40k instead of 80k is only 70% as good. So years where they're working and saving 60k (thus spending only 40k) are only 56% as good as the ideal state. + +If the 30 year old decides to go hard core FIRE and save 60k/yr with a goal of spending 40k during working years and during retirement, it'll take about 12.4 years to get to their FIRE number ($1M). That's about 7 QALYs when you adjust for working+reduced spending. Assume they'll live to 95, that's 52.6 years of retirement at 0.7 utility, for a total of around 44 QALYs from age 30 til 95. + +If they take the complete opposite approach and save only 20k per year, they're spending their ideal amount of 80k each year and only suffer the 0.8 utility penalty while working. Unfortunately they'll be working for the next 36.7 years until nearly age 67. The remaining years til age 95 are at full utility, for a total of around 58 QALYs from age 30 til 95. + +Let's say they take a middle road, buckling down for the first 10 years living on only 40k and then coasting starting at age 40 by living on 80k. In that case, they'll retire right around age 55 and experience a total of around 58 QALYs from age 30 til 95. + +Ultimately the determination of how much utility is lost at different spending levels and working vs retired is different for everyone. The utility loss is probably not even constant at all ages for the same person. But in my extremely simplified formulation, the person who buckles down for 10 years and then coasts can have roughly the same total QALYs but retire 10 years earlier. Given uncertainties around health and other life circumstances, those 10 years could be quite important. +I'm trying to find out about a game that a friend of mine described to me which is an example of how the movement of money around a system creates more real wealth than just having the money in one persons pocket. This was mentioned over dinner without much detail but when I've brought it up subsequently he's said he really doesn't remember. + + +I've tried Google but don't really have enough information to know what I'm looking for. He said they played this game at uni (where he did PPE) and that in the example they turned $10 into $30 dollars value through loaning it, etc. + +Does anyone know what this game might be/what the rules are/be able to point in the right direction? + +Thanks +I'm trying to find out about a game that a friend of mine described to me which is an example of how the movement of money around a system creates more real wealth than just having the money in one persons pocket. This was mentioned over dinner without much detail but when I've brought it up subsequently he's said he really doesn't remember. + + +I've tried Google but don't really have enough information to know what I'm looking for. He said they played this game at uni (where he did PPE) and that in the example they turned $10 into $30 dollars value through loaning it, etc. + +Does anyone know what this game might be/what the rules are/be able to point in the right direction? + +Thanks +This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome. + +Replies are expected to be constructive and civil. + +Any questions about your *personal* finances belong in /r/PersonalFinance, and career-seekers are encouraged to also visit /r/FinancialCareers. + +It seems that most people got the previous 10 years wrong. Those that predicted the housing crash of 2008 tended to get the collapse in commodities, gold and silver, and the rally in the US stocks, including tech stocks wrong. The boring /r/investing - type investors that trusted the central bankers and the US government surprisingly did very well. + +So, WSB - if you had to make bets for the next 10 years, what would be your predictions and why? I will start, and if you don't have your own ideas you can tell me why mine are completely wrong: + +There will be sovereign debt crises among the worlds' "safest" debtors, including the US government. This will really fuck things up for institutional investors, because suddently the risk-free rate will turn out to have been very risky. +Why: let's take the US as an example. People have been lending money to the US government at very low rates for 10 years and longer. The US now pays the same amount in interest as in 1980 - for whatever reason people have been OK to lend money to the US government at lower and lower rates despite the US racking up more and more debt instead of repaying it. If the rates go up, the US cannot even pay the interest on the debt - that will freak out the investors and cause the interest rates to go much, much higher, uncontrollably. The only people willing to lend the US money at low rates would be the Federal Reserve. That will lead to the US defaulting on a part of their debt through inflation, destroying much of the value of the USD. This will also make investors worry about other sovereign debt - in Europe, Japan and elsewhere - causing similar problems there as well. + +The biggest wildcard is how China will be affected - whether they will let their currency get much stronger relative to the USD (good for China) or not. If relative valuations of currencies stay approx. the same as now, stock indices around the world will not be too much affected in real terms, apart from some short-term shocks, but gold will benefit hugely as governments will rush to exchange their devaluing foreign currency holdings into gold. If China allows its currency to appreciate, then US companies will really suffer (along with US consumers) and US stocks will tank. In fact, stocks around the world will experience a massive shock, but Chinese stocks should come out as the big winner as their companies reorient towards the domestic market. + +Bitcoin may do well in the interim as well in case the first-world experiences hyperinflation, and people start actually using bitcoin at the grassroots. But I see a very slim chance of governments around the world letting that happen for long. But there is a slim chance that even though bitcoin is in a bubble right now (people only buying it to sell to the greater fool, not to use it), it may transition out of a bubble without the prices dropping as people actually start using it for day-to-day transactions. + +Banks - the conventional wisdom is that rising long-term rates are good for banks. Banks borrow short-term and lend long-term. Short term rates going up are bad for banks, long-term rates going up are good for banks. Currently the spread is uncharacteristically small, which is bad for banks. The assumption is that as the spread increases with the rising rates, banks benefit because the long-term loans they make are adjustable-rate. I think the conventional wisdom will turn out to be wrong, because if long-term rates go up significantly people (who have no savings, plenty of debts and are living paycheck-to-paycheck if they are lucky to have a full-time job) will no longer be able to pay off their long-term debts like mortgages, leading to widespread defaults and losses for banks. So the markets may be too optimistic on banks in a rising-rate environment and in the next 10 years, it may be a good idea to short banks relative to the market. In the inflation scenario I described in point 1 you get people effectively defaulting on their loans through inflation, so that's bad for banks as well. This is a tough trade though, because banks will go up all the way until something gives - either the governments can't pay their debts, or the general public. Gold, however, doesn't have much lower to go, everyone already hates it (even WSB), making it a safer trade than shorting banks. +I don't see any way in which this scenario doesn't play out, and I would be really surprised if it doesn't play out in the next 10 years. +I was reading an article about a deal where the investor was planning to finance it with 40% equity, 40% debt from a bank loan and 20% mezzanine financing. + +I think I get the equity and debt financing part: The investor himself will put up 40% of the cost for equity in the project. 40% will be loaned from a bank on which interest will be paid. + +So the final 20% of mezzanine financing is some lender who comes in behind the bank and puts up 20%? Is it equity or debt? What exactly makes it "mezzanine" compared to the bank loan? + +Thanks :) +With the upcoming SPY dividend, I thought some people may be interested in how a dividend play works. Generally it involves buying and selling calls and hoping your shorts aren't assigned. It is also difficult for a retail trader to do without at least Portfolio Margin. + +Here's one way to make the play. You would buy/sell a vertical and then exercise you longs. So for example you you buy the DEC SPY 295 calls and sell the 300 calls for 5, 1,000 times. You would then exercise your 295 calls. If all your short 300 calls are assigned, you would have no position and your loss would be your commissions. So if you were paying .25 a contract, It would cost you $500 in commissions. But, for every one of your 300 calls that's not assigned, you make the 1.41 dividend. So if only 4 of the 1,000 calls aren't assigned, it becomes profitable. + +When you are not assigned, your position becomes short calls and long stock. So in the above example if you were not assigned on 10 contracts, you would be long 1,000 shares of SPY and short 10 of the 300 calls. + +What's the risk here? Well in the above example if you are not assigned on 10 of the calls, you will be synthetically short 10 of the 300 puts (below 300 your short calls stop giving you protection for your long stock). You can buy them in for .01, but if for some reason the market drops big overnight before you know how many to buy there is a risk there. Another risk is you screw up the exercise and it doesn't go through for some reason (systems down, mistake, etc.) + +You will find the these plays are done in the contracts that have the most open interest. Its also best if the market has run up a lot (bigger chance of customer open interest, as customers may not realize they should exercise) If you look at today volume on the Dec calls you will see big volume in the deeper calls with big open interest. + +Note also if you did this play you will have some cost of carry on the stock until expiration. + +You are dealing with some big numbers here, the 1,000 lot spread would represent over $37 million in stock. So even though there isn't a lot of risk with the play, its not really a retail play. +Mostly through finally stabilizing spending and responsible payment. I put it on the card, but I know I will pay it off, before any interest. I am building credit, and have auto pay so I don’t screw up. Best part is I got a $2000 necklace for $575 out the door and am proud that I haggled for the first time. Maybe this isn’t the right place for this, but the idea that I could make a $575 purchase stress free is new and insane to me. Grind on! +Hi all, + +So three years ago my ex and I bought her parent's home to help them during a tough financial situation. We were also living with them then, so it made sense at the time. However, as you can tell, my ex and I are no longer together. I bought the home under the stipulation that her parents would be soon buying the home, as they were about to come into a sizeable amount of money after selling off the land they owned. + +Since then, I have not been able to get rid of this home/mortgage. Back in maybe 2020, I was convinced to remove my name from the title of the home. I know now that that was a big mistake. Following that, every few months it seems that her/her family are taking steps to either refinance or the home is in the initial steps of being purchased by the parents. + +However, this has been continuing for around 3 years and nothing positive has come out of this, as my name is on the mortgage still and I have no claim (title) to the home. + +What should/can I do from here? I want to get rid of this mortgage as I've vastly moved on with my life (new city, new career, and new relationship). I feel super ripped off by this situation, and so I want to take all/any necessary steps for this. + +Tl;dr Need to get myself out of a mortgage with my ex. What should I do? + +Clarification: + +\-Just to update this as I've seen it come up a few times; my ex/her family has been paying the mortgage on time since the beginning. I have not paid anything towards this. + +The mortgage is also in both my name and my ex's name, as her credit alone was not strong enough to secure the mortgage loan at the time + +Update: + +I've put myself into gear and started contacting local real estate lawyers for this. I looked into the quit claim deed itself in the meantime. + +Looks like yes, it did go through and I screwed myself there. But also, it looks like that earlier this year, a quitclaim deed was done by my ex.....and made her father the sole name on the title. I'm so frustrated with myself. + +&#x200B; + +. +Hey everybody, + +I'm currently a system admin working in the Netherlands. I make after taxes about 1500 Euro a month. I found out since I was born in the USA while my dad was on business I'm an American citizen. + +I am interested in Buffalo, Cleveland, Rochester and Pittsburgh. I have visited all of them and loved it. (I know I'm weird) + +I am especially interested in Cleveland as I have visited there many times and liked it. I also have a job offer for 65k USD which is below the median wage for the position but much more than I make now. My goal is to retire by 55. Can moving to the rust belt with the low cost of living help me achieve this? + +Anybody living there now that can help me fill in. +Nothing scares me anymore, right now my financial future is secure. I have more money than I’ve ever had in my life. It can’t be confiscated, stolen, devalued, undermined, frozen, etc. I can take it to any country on earth and easily convert it to some form of usable currency there. When hyperinflation comes, the price of Bitcoin will hyperinflate as well and my financial status will be protected. Holding Bitcoin has shown me that the news is just a tool of control to spread fear, uncertainty, doubt so that you act out of emotion, so I don’t watch the news anymore. My life is tranquil, every day I just do what I need to do to acquire more Bitcoin and I execute my plan effortlessly knowing I am on the path to becoming my own sovereign person that nobody will be able to control without use of physical force, which I will be prepared for. +Everyone needs to stop trying to "sell" bitcoin to everyone else. Just keep it to yourself. Do you realize how goofy this is? No wonder so many people consider it a scam when people are acting like door to door Jehovah-witness car sales men. Do you remember anyone going around trying to convince people to use the internet? Or email? Or any other technology? Some of these attempts are just ridiculous, emailing Amazon tech support to add bitcoin, and there was some guy that tipped a barista with a private key? Who the fuck does that shit? How about I tip you in some random currency that you don't use? You would be insulted. Just lay back and let the new comers join at their own will and own pace. The technology is amazing and revolutionary we don't need to package it up and try to sell it. Adoption will happen based on the technology not from people being pushy and trying to sell it. + +Ok let the down votes flow in, I'm prepared for them. +I have been in my current job for a couple of years. The all-in pay is 215k/year, the hours are 9-5, and the job is 100% permanently remote. In terms of lifestyle this is pretty great, as I have no commute time, can travel frequently, and have a great work/life balance for my profession. + +However I have just been offered a new position through my network. This job would pay 500k/year (including bonus). It would also require me to live in NYC (a city I love, to be fair), be in the office at least a few days a week, and work much longer hours (at least semi-frequent late nights and weekend work, monitoring emails all times of the day, etc.). + +I am really struggling with the decision. While the compensation difference is massive, a fair bit of that would likely get eaten up by NYC cost-of-living and taxes (I currenty live in Miami), and my work/life balance would be substantially worse. + +Would it be insane to turn down this offer? + +For context, I am mid/late 30s, single, with about 500k of assets and no debt. + +EDIT: One big factor I left out. I have lived in NYC previously, and outside the winters and high COL I actually really enjoy the city. The concern with location is just that with the new job I'd be tied to the office/city, so couldn't travel spontaneously and work from home the way I do now, in addition to the higher stress job. +First of all, My tits are jacked because this reminds me of the Tesla index squeeze back in late 2020!!! I am typing this on my phone and I will add more details when I get home!! I need everyone help to find the amount of indexes that follow the S&P 400 and how much money is tracking it. From there, we can guesstimate how much money will be spent buying our beloved GME! This post is just a background story on the Tesla squeeze and how it can happen to GME!!!! + +First off, Tesla stock been trading flat since like 2014 to late 2019 until they reported their first profitable quarter and the stock took off. Pre split price (5 for 1) was roughly 350 and it went to 700 before covid crash happened and it dropped with everyone else. Tesla was shorted about 20%, (reported) so when it started to push up with the rest of the market in April, shorts were forced to cover and it had a parabolic run through the summer and it started to drop after the stock split in August but it did over 10x from the 2019 fall lows (500 was the splited price and it dropped to 350 before the inclusion news came out). In late 2020 they announced they were joining the S&P 500 and when people heard the news, Tesla nearly doubled again in a month on the news from 350ish(splited) to 695!! The market cap was quite big too, so a lot of big money were front running it and retail were all over it too!! The idea was there was huge GUARANTEED buying pressure coming in and they will buy at any price on the day of the inclusion!! Most indexes must buy to properly track the index so you can sell it to them at any price so a lot of people made good money off the trade. (Buy my shares for 40 million each kenny) + +So Tesla doubled on the news and in the last 15 mins of the day of inclusiog, a lot of funds either brought their shares through dark pools or used the golden cross method which is essentially a buying at specific price and all the index funds were doing it. I remember how crazy it was because I was front running it too and made some money off it. In the last hour, they tanked the price nearly 10% and suddenly there was a huge green dildo because of the golden cross and dark pool print hitting the tape all at the same time and it got halted and the day ended at 695!! I think a lot of index funds did not buy in and they were hoping to get in cheaper and a lot of shorts did not cover. Then early 2021,Tesla did one last run from 700 to 900 and it was a series of gamma squeeze and shorts covering and some index funds buying! Tesla price action is iconic and will be studied in future books for sure but it all goes down to the supply and demand. Tesla ownership was quite insane because Elon Musk had 20% of the entire company. I was doing the math and the index fund literally had to buy roughly 20% of the company off retail and other people who brought the stock before the inclusion. People were worried that too many people got in and there was too much supply while others thought there was not enough shares to go around for the index funds! Sounds like GME!!! So Tesla was roughly 500 billion at the time and 20% was needed to be brought!!! 100 billion of money coming in but remember Tesla doubled before the actual thing so it was more like a 250 billion move on the inclusion. Tesla was hated cuz some many people got burned shorting it and they should of been added a while back but wall street kept pushing it off and Tesla was the biggest company to join the index of all time and they never added something as big as Tesla!! It was a total mess in hindsight. + +Lets look at GME situation now!! Gme is at 12 billion market cap, I don't know how much buying pressure is gonna come in(qaunt apes please help) but this can be it. Even if we get like 500 million In money coming in, that would put us at 200 and the margin call range is not that far from here. Plus we might see a run up pre inclusion like Tesla! The situation is kinda similar because Tesla had huge retail interest and they both had small squeezes!! So my point is this, the volume is all time low since 2017 and if the volume comes through, we may be up for a crazy gamma squeeze and a short squeeze!!! Imagine if 10 million shares is needed!!! I don't even think there is enough shares for a 5 million buy in pressure!! With the current volume, 10 million can move GME 50 bucks minimum!! Plus gamma squeeze!! Tesla only had a 20% short interest, GME has like infinite short interest!!! This can be the catalyst we been waiting for. Once I get the numbers, I will update it the post so we have a better idea of how much buying pressure is coming in. Remember, the supply is low asf as we have no volume now and this can be the spark of MOASS!! + +I rushed this post and there could be gamma errors but I will edit it later as I want this to be out for everyone to read!!! Please help me get the actually numbers +Quant apes! 💎✋🚀🚀🚀🚀🚀🚀🚀 + +Tdlr: not very long but the main point is the supply is low and the index can create buying pressure and it can push us above the margin call prices and we can MOASS! + +Edit one: I cleaned up some errors and I am getting down voted like crazy😆 wut doing Kenny? + +Edit two: I forgot to point out how big gme is in the overall S&P 400 index because Tesla was about 2% of the entire S&P 500 but again, GME has a less supply of shares available so it will be interesting to what will happen. Tits jacked!! + +Edit three: so the index of s&p 400 is about two trillion, (Dec 2020 figures) and I am trying to find how many etf tracks it and how much they are worth. BTW S&P 400 is four times bigger than R1000 so there should be a net positive buy in for sure! +Not really suggesting it is the best way to plan investment strategy, but I think I do the opposite of what many people on this sub are doing - I'm buying income/value stocks on regular account and growth stocks on tax-exempt account, and maybe after my explanation some of you might think it is a good idea or show me that it is a bad idea. + +It all comes to psychology and seeing income and growth differently. + +Income stocks are just less volatile and therefore more liquid in a way that I can sell many of them pretty much anytime without losses, yet they are also giving me some yield. Yes, I pay taxes for the dividend, but at the same time why wouldn't I? It is my income and I treat it as such - not always reinvesting, sometimes withdrawing and "paying bills". This is a conservative part of my portfolio + +Tax exempt accounts are forcing me to think for 30+ years ahead, and there I buy more risky growth stocks. Wouldn't care of 50% dip on some stocks there, as long as there's still growth potential long-term. Also, tax exemption might work even better in this case - if simplified, saving capital gains for 1500% growth (not rare for some tesla holders) is much better, than saving 19% (I'm in Poland) on a yearly dividend. +I’ve been debating if it was worth it to use the automatic DRIP method so I don’t have to touch or remember anything or should reinvestment be done manually when price drops occur and DCA into bigger positions. What do you guys recommend? +Hey everyone, +I started investing in Jan, 2020 and got very interested in Dividend investing. Although one can research and invest in great companies for dividends and growth but still deciding which stock to buy could be tricky if someone like me is a passive investor. +After looking at low cost ETF options such as VYM and combining them along with Dividend Appreciation Index Fund ETF such as VIG or DGRO seemed like a good option to me. +I also think I can diversify it by investing in ETFs such as VNQ and SPYD which has more focus on REIT and Financial sector. Lastly I would like to include an S&P 500 ETF for growth. + +Can this be a good option for someone like me who want to remain passive investor and focus more on other stuff rather than worrying about stock valuation and company performance? + +Thanks in advance. +- The market has been going up for months WITH rising case numbers, ZERO correlation between rising cases and falling stock markets. +- In fact the correlation is, cases go up, stonks go up. +- The central banks weren't printing trillions in 1987. +- The dot.com bubble lasted years. +- Bubbles last years. +- Rona daily death rate has remained stable although case numbers have been rising. +- Dafuq does 1929 have anything to do with 2020? +- Deflation? Are you fucking delusional or what? +- The smart money moves into bonds when shits about to hit the fan, ah yeah that's not happening right now. +- The smart money is risk ON, the dumb money is risk OFF. +- The VIX is exactly the same as it has been before previous elections, the rona has had ZERO effect on the pre election VIX. +- The VIX has hit or exceeded current levels 10 times throughout recent history, 8 of those 10 times it reversed, the other 2 times it was the 2008 and 2020 crashes. +- The stock market didn't make a new high after the first crash in 1987. +- After all this volatility, [this](https://www.reddit.com/r/ASX_Bets/comments/jdplhh/multiyear_bull_market_incoming/?utm_medium=android_app&utm_source=share) pink trend line is STILL valid. +I know there are lots of "when Lambo" memes that get thrown around and it's great banter. But I was wondering, has anyone in this forum actually ever Bagged out their profits and bought a lambo or super car of the like? +[https://www.marketwatch.com/story/appen-warns-of-uncertain-outlook-as-major-customers-cut-spend-271659394174](https://www.marketwatch.com/story/appen-warns-of-uncertain-outlook-as-major-customers-cut-spend-271659394174) + +How is CEO Brayan still holding onto his position? +Hello fellow gamblers + +A bit of a garbage week for me, WBC can eat a bag of dicks. I'm down 26% to $741 with WBC flopping around in the low $15s after peaking around $15.60 on Tuesday. I was up by 60% for a while there but didn't want to sell because I'm stupid and greedy. + +Proof - [https://imgur.com/a/ObQUXMo](https://imgur.com/a/ObQUXMo) + +I'm holding until Thursday at the latest, as that will be 4 weeks from expiry and theta will start taking bigger bites. Hopefully some good news over the weekend on Chyna, and with the US market closed on Monday maybe we could get 2 days of green melts, because the ASX is generally lost without Big Pappa telling them what to do. + +Post your trades below. + +tl;dr -26% +Posting this for u/strong-ape-bro due to lack of karma. All credit to him! Edit: added screenshots + +&#x200B; + +https://preview.redd.it/fsqmw907pv371.png?width=640&format=png&auto=webp&s=f072b45d582052be91ede94053b655522f4a759c + +&#x200B; + +His thoughts: + +" Citigroup, Goldman Sachs, BofA restrict shorting on GME, adjust their "risk controls". "Institutional investors now face higher collateral reqs" -- June 4, Bloomberg + +This is freaking huge. + +3 of the **biggest** prime brokers are pulling the plug on 1) shorting GME and 2) increased collateral requirements. + +**Bloomberg article:** [**https://www.bloomberg.com/news/articles/2021-06-04/wall-street-banks-rein-in-hedge-funds-short-bets-on-meme-stocks**](https://www.bloomberg.com/news/articles/2021-06-04/wall-street-banks-rein-in-hedge-funds-short-bets-on-meme-stocks) + +&#x200B; + +https://preview.redd.it/ikbu389bpv371.jpg?width=640&format=pjpg&auto=webp&s=882883f1c27272cdbc5307815f960ab311a4b9fe + +&#x200B; + +https://preview.redd.it/1zai4bphpv371.jpg?width=640&format=pjpg&auto=webp&s=374e67fa884adfaa34acd12f434e355dff716d4c + +For those unaware: + +1. [Bank of America is the prime broker for 96% of Citadel’s “activities”](https://www.reddit.com/r/Superstonk/comments/nsioql/the_complete_bank_of_america_gamestop_dd/). +2. BofA recently terminated analyst coverage of GME. +3. On June 4, BofA also restricted short positions on GME and increased collateral requirements for existing positions. +4. Citigroup, Goldman Sachs did the same. +I am 21 years old and I am from Italy. I worked two years in Italy and one year ago I moved in Australia just for one year. +Here in Australia I am doing really good money for my age (3000euro a month, and I spend around 900 a month) and I am saving a lot of money. Just to make you ubterstand in Italy I worked two years and I was doing about 900 a month.. +I am starting to be worried about my future because with that money you can't do nothing. A lot of adults I know do around 2000 and with that money you can live well but you can't save a lot. + + +Reading here I can see that a lot of people are doing really good money.. how can people from Europe save money? +Genuinely don't give a shit that the price has corrected/crashed/whatever you want to call it. It'll be back sooner or later. Bitcoin is long term. Don't weep. +I'm surprised Toyota stayed quiet for so long, but looks like they've been working on some pretty cool tech that blows everyone else out of the water if indeed it's launching in less than 2 years! + +I specifically find it crazy that QS seems like a lab experiment to be released in 5 years with a $26B market cap. Also this should give some perspective that Tesla doesn't seem to have EV market leadership nailed down by any means. + + +https://asia.nikkei.com/Business/Technology/Toyota-s-game-changing-solid-state-battery-en-route-for-2021-debut +THIS IS THE WAY TO LOCK UP THE FLOAT, READ TA;DR IF NEEDED + +Yo everybody. I’ve been post spamming the past few days because I’m getting HYPE for liftoff. We are definitely close! Just wanted to throw this out there in case it was not already known, but if it is, then this should bring more awareness to it! + +If you have a broker that won’t allow you to transfer out or DRS, simply make an account with Computershare and start BUYING shares through them. This will ensure that we lock up the float MUCH faster as opposed to waiting for all these DRS transfers to go through. + +If you have DRSed and want to buy MORE shares, buy through Computershare! Whatever the current predicament you face, if you want more shares, the answer should be to ONLY buy through Computershare from now on. This is my plan because I realize that every share that gets added to the locked up float, the closer we get to MOASS. + +Anyway peeps, have a good Sunday night, see ya at open tomorrow morning! + +TA;DR - MAKE AN ACCOUNT AND BUY SHARES THROUGH COMPUTERSHARE + +Not financial advice + +Edit: u/ihas_prehensile_tail mentioned that you can setup RECURRING investment options for GME through Computershare! If you want to buy shares at specific points in the month, set that thang up! +Cardanᴏ is way too overhyped and overvalued. How is it the 4th largest crypto without even a working product. All it has are promises,  'smart contracts coming soon'. There so many coins out there that actually have smart contracts. Harmony, Algorand, even fucking Tezos. + +The only reason it's even alive is because its the 'Ethereum Killer'. It's alive because of the FOMO of maybe, just maybe there's a chance that it might overtake ethereum. + +The only thing it has is a Charles Hoskinson, who's created an entire cult built on false promises. + + +EDIT: [lmao](http://imgur.com/a/URJ3Vvq) +These past few days/weeks, we've seen some truly absurd moves in tech. Today alone, Tesla was up 10 percent, Netflix was up 8 percent, and Amazon is up about 20% the past few weeks on basically no news. Apple, Microsoft, Google, Facebook, Nvidia, etc. are all at or above their mid-February valuations. What spooks me is not that these equities are moving upward, but it's that they are moving upward quickly and impulsively, with few pullbacks, and leaving the rest of the market in the dust. These are not the signs of a healthy new bull market; they are the signs of rampant speculation, euphoria, and greed. These mega-cap corporations are propping up the indices and are almost acting as safe havens for investors pulling out of travel, financials, consumer staples, energy, etc. We saw this rotation in full force yesterday when the Dow ended over -1% while the Nasdaq was around +0.5%. This is not to say that I think we are on the brink of collapse--bubbles can last a lot longer than any of us think they might. + +For those of you who have exposure to big tech, how are you managing it? Are you planning to ride out what seems to be a massive, unstoppable wave upward or are you slowly taking profits along the way? How will upcoming earnings impact your strategy? +Update 5/3/21: My option contracts have got destroyed but im still confident they print. I have been getting some more VGSH contracts b/c im confident they will print because the market will raise rates before the FED wants. There might not be a lot of buyers in these contracts so I plan on exercising these options and selling to get my money on them. + +https://preview.redd.it/agzqhf2uk0x61.png?width=1408&format=png&auto=webp&s=6239cbd8ac9e83e66f12396520d128e4ca18435f + +https://preview.redd.it/5f275i2uk0x61.png?width=556&format=png&auto=webp&s=5f95ffe4aba27cddd0426c455e0c28dae14fa385 + +https://preview.redd.it/uqc6l03uk0x61.png?width=568&format=png&auto=webp&s=82272310d23f5fd2a184ad482e01217f2ceecea7 + +https://preview.redd.it/hacobi3uk0x61.png?width=568&format=png&auto=webp&s=be50f69af0b5fda48080b822b5624342fc8e3a30 + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +Update 4/3/21: I took another huge hit on Thursday when treasury yields took a dip. I am still extremely confident in this trade. Even more confident than I was when I made the original post. If you look at CFTC website, Commodity Future Trading Commission at the commitment of traders you can look at the position on U.S. treasuries among asset managers, leveraged funds, and some other people. + +**I'm not the only one short treasuries. Leveraged funds are short treasuries to the tune of a couple trillion dollars (someone please tell me if I am mis-interpreting these position share numbers and the total amount short. i am multiplying the short share number by face value of the contracts). Their position on the 2-year and 5-year is short 2:1.** + +https://preview.redd.it/33asisy960r61.png?width=1714&format=png&auto=webp&s=b191cb2a09b910bb7c27382e5541c00f3db380c7 + +**This is only highlighting 2-year and 5-year and leveraged funds. You can go look through this yourself. Either way, there are 2 trillion dollars worth of 2-year and 5-year treasuries sold short. i saw this play before these leveraged players and i think it is safe to assume that they are smarter than me. I would not expect institutional and asset managers to have such speculative short positions because they are more concerned about % returns and portfolio balance than taking big gambles. Seems like funds backed off the 10-year short positions and they are net long on 10-yrs (at least asset managers and leveraged funds). imo, that real interest rates on 10y at 1.72% would still be less of a loss for funds than 2-yr and 5-yr bonds. these shorter bonds.** + +[https://www.cftc.gov/dea/options/financial\_lof.htm](https://www.cftc.gov/dea/options/financial_lof.htm) + +[https://www.cftc.gov/MarketReports/CommitmentsofTraders/index.htm](https://www.cftc.gov/MarketReports/CommitmentsofTraders/index.htm) + +Here are my positions as of April 3 2021 (4/3/21)....4321. 1234? + +I have been trying to diversify my equity positions. Working on getting more money into my account to build my commodity positions. + +&#x200B; + +https://preview.redd.it/x3rwyj1a80r61.png?width=1464&format=png&auto=webp&s=70e7b81111f2a248523ea8d54e32847a598e400c + +https://preview.redd.it/0j3rpe1a80r61.png?width=568&format=png&auto=webp&s=4a9c31d13bdc7d94cb70d01114d3b19bbb7a8b52 + +https://preview.redd.it/mc8wai1a80r61.png?width=566&format=png&auto=webp&s=a9361961a78020c865eed167dd6be165e50ac626 + +https://preview.redd.it/cve30g1a80r61.png?width=554&format=png&auto=webp&s=292079b7e9199befe6794eea583bbab5f0b8dcda + +Update: 3/30/21 I am currently in the field collecting data. Remember I am a biologist. I wanted to share an article written by Ray Dalio on bonds. + +"bond prices are close to their upper limits in price, which makes being short them a relatively low-risk bet" + +[https://www.bridgewater.com/research-and-insights/why-in-the-world-would-you-own-bonds-when](https://www.bridgewater.com/research-and-insights/why-in-the-world-would-you-own-bonds-when) + +Last week was a pretty brutal week, below are my holdings. I will post again when I get back from the field. I'm not worried about these losses. As time goes on, im growing increasing confidence in this position. + +https://preview.redd.it/3oiuz4q1v9q61.png?width=1486&format=png&auto=webp&s=464b15b34d1dc5d2204124157ca9ddddfba44498 + +https://preview.redd.it/eciqafq1v9q61.png?width=562&format=png&auto=webp&s=203fb1ae23b28c23176c4ef98d7dd3f7a6c74d0d + +https://preview.redd.it/g4r9bjq1v9q61.png?width=564&format=png&auto=webp&s=6c808174992f121b532070a32b92bed2264497c3 + +https://preview.redd.it/8jhe74q1v9q61.png?width=554&format=png&auto=webp&s=ab566d359c01219b1c2b9000cc43b901e196f555 + +&#x200B; + +Update 3/19/21: since the update i sold almost all my commodities and put it against the bond market. I sold my TLT put today in the money and got some pretty good gains on it. When I sold all the commodities that I could I bought a bunch of TBT calls for June that were close to the money (I spent \~1600 on this). Im not sure what I want to do with the money I cashed into today with TLT put. Im going to wait until next week to decide where I re-invest it. Good chance I go back against bonds, but I like RFP, MT, CLF, and other commodity plays. + +The volatile of some of my calls makes the amount of money and the line that tracks my account deceiving. Don't get anything I purchase if you don't know what your doing because i am an amateur. + +FUD is real and there are bear and bull thesis out there on the market and I have listened to so many people it casts doubt on my original thesis. However, the circumstances of todays market, especially the amount of speculation, make me confident in betting against bonds and I think until it is clear how the FED can get out of raising yields without causing inflation or financial crisis. + +The main bull on bonds is Steve VanMetre: [https://t.co/obHyG6uw9v?amp=1](https://t.co/obHyG6uw9v?amp=1) ;[https://youtu.be/knthggCs\_KQ](https://youtu.be/knthggCs_KQ) . He knows a lot about bonds than I do. Im just not sure that his US-centered interpretation of bonds/treasuries reflect the what the market will do because about half of our treasuries are owned by foreign investors. + +Great blog I found who is a bear are on the entire market: [https://zensecondlife.blogspot.com/2021/03/peak-sugar-high.html](https://zensecondlife.blogspot.com/2021/03/peak-sugar-high.html) + +Also listen to Peter Schiff, George Gammon, and David Hunter. + +SLR: change was lifted today and Steve VanMetre thinks that this will spark a bull run in bonds (meaning yields go down) because banks will have to go out and buy a whole bunch of treasuries to meet their SLR rule. This might be true and it could bring yields down for a while, it could also be why David Hunter the contrarian thinks that yields will fall before they go up really high. I don't want to offer my speculation because I have nothing unique to offer than all of the people out there, but i am BEARISH on bonds. + +So many experts out there but no consensus. We are in unprecedented times with treasuries at historic lows. To me it seems we are closer to 1929 then we ever have been. I am sticking with this play and ill post here with updates, losses or profits. I still think I win this trade in the end. + +My positions as of market close today. + +https://preview.redd.it/hvhrotml42o61.png?width=2162&format=png&auto=webp&s=0e77225954bf589b95cd05fc9da777fa0b2dc2ab + +https://preview.redd.it/tag2html42o61.png?width=676&format=png&auto=webp&s=24ab3f82762a7702992d4954caed5cb30174f6f9 + +&#x200B; + +&#x200B; + +&#x200B; + +\-----------------------------------------------------original post------------------------------------------------------------ + +Hey everyone, + +So basically I think there is a good probability that we are at the edge of an economic downturn. I have been talking about the bond market, and looking into what is going on there and it is clear that the FED has their hands tied on this and our only path forwards are 1) hyperinflation or 2) failure in the bond market due to rising interest rates. + +In 2019, the world economy was running hot AF. In just the span of time from 2018-2019 the us median income rose 2%, poverty dropped 2%, and it all seemed very good. + +The FED saw that the economy was getting hot, and that their quantitative easing (QE) policy might be becoming less effective. They have some bank tools that are used to combat inflation and interest rates. These tools are IOER, SLR%, and YCC. + +IOER: Interest one excessive reserves. This is perhaps the most important tool because feds can manually change the interest rate on the M1 money stock. This is important because from this first money stock, every-time one passes hands there is an interest rate associated with it. So Interest rate on IOER affects the M1 money stock, M2 money stock, all banks, and almost all of the credit that we try to get, it also affects SLR%. + +SLR%: Supplementary leverage ratio %. This is basically how much loan loss reserves a banks and companies need to always keep on hand in order to meet the needs of their members. For example, the US fed can put a cap at 10% SLR% and that means that the bank can leverage 90% of its money out, while only keeping 10% on hand. This is influenced by IOER and this SLR% is the main reason we cannot raise interest rates using IOER. + +Edit 3/16/21: see full description at bottom. IOER and SLR% are two independent tools that the fed can use to influences rates on the money stock and for bank collateral. + +In 2019 we tried raising IOER, which increased SLR. When we did that we moved the underbelly of a beast so massive we had no idea how big it could be. When we raised IOER many banks and companies have taken out so much debt that they literally COULD NOT STAY LIQUID with increases in interest rates. + +[https://youtu.be/URvok29rf-w](https://youtu.be/URvok29rf-w) + +Not only did this raise in interest rates lead to a huge liquidity disaster, it also led to liquidity disasters IN OTHER COUNTRIES. That is really really really worrisome. We raise interest in the IOER and all the suddenly Turkey also is having a major fucking liquidity issue. I don't know each country but I do know that our 2019 actions were affecting Turkey and other countries. + +So what did we do in response the the 2019 liquidity disasters? WE LOWERED INTEREST RATES AND PRINTED MORE MONEY. WE KEPT THE ZOMBIE GOING. + +then the pandemic hit... + +The pandemic hit and the FED already knew we were at a knives edge with the bond market. So their plan, although they say it was to help us, was to pump up the zombie economy with a huge monumental stimulus. Then we got two more after. + +I wanted this stimulus, we all wanted this stimulus, but by pumping the stimulus in the economy and pumping up these institutions that can't stay liquid if they had high interest rates has kind of put off the inevitable. A huge falling out of people who have too much debt. + +So here we are in 2021. Government debt has not improved (it has got worse), credit ratings on many zombie companies that aren't turning a profit are going to get worse and worse credit ratings = high standards of SLR% to stay liquid. This is going to make it even MORE difficult for these companies to deal with high interest rates. + +**WHAT DOES THIS FIRST PART MEAN?** + +We have tools to deal with inflation, the most important being raised interest rates using (IOER) which influences SLR% and capital requirements of institutions. However, we have so much debt, and so much of this debt belongs to companies that don't turn a significant profit. So we can't raise interest rates if we don't want a flat out crash in the bond market and wave of bankruptcies of major corporations and possibly financial institutions. + +so if controlling for inflation by raising IOER would lead to a liquidity crisis in the bond market, how do we control for and prevent hyper inflation? + +People have been talking about Yield Curve Control (YCC) as it is a tool to control for inflation. However it is not. YCC works by the FED going into the economy and buying up as many 10y and 30yr bonds as they can (this puts more money in economy), then selling a bunch of their short term expiring bonds. This buying on the long end and selling on the short end would help keep interest rates low for companies to stay liquid, BUT LOW INTEREST RATES LEADS US TO MORE INFLATION, so this plan will not work for very long. + +**THE FED IS BETWEEN A ROCK AND A HARD PLACE** + +**increase IOER to control inflation** = major liquidity issue and a fallout of our bond market + +**do YCC to avoid fall out of bond market** = more inflation! + +**print more money** i**nject it into the economy** = buy more time but put off inevitable. + +I have been thinking about this and I don't see that they have a way out. I have read into it and also heard people talk about this long before I got here. Below I leave some links so you can hear about this from someone else besides me. + +[https://youtu.be/CCmdmOr06pY](https://youtu.be/CCmdmOr06pY) (CNBC on bond market) + +[https://www.youtube.com/user/TheMoneyGPS](https://www.youtube.com/user/TheMoneyGPS) (another person who actually looks at numbers and data) + +[https://youtu.be/28VXEocPnw4](https://youtu.be/28VXEocPnw4) (Peter Schiff has been saying this for a long time) + +[https://youtu.be/Y1OkOtQND8w](https://youtu.be/Y1OkOtQND8w) (former banker sees same pending disaster) + +**Commodities** + +I don't want to talk about the inflation we are seeing in commodities because we have talked about steel a shit ton here and all of us know that inflationary signs are all over the economy. CPI will literally be the last indicator that inflation is here SO PLEASE INGORE THE FED WHEN THEY SAY CPI IS LOW. + +We see inflationary pressure all over the market. Especially in commodities, producer prices, import costs, housing prices, etc. The FED is only saving face with CPI cause they know controlling inflation means crashing the bond market. + +**My Plan** + +**Exposed myself to commodities**: I have invested in a handful of commodity tickers $RFP $MT $CLF $LPX $CTT $PCH $SXC, $ADM because even if we have the catalysts of a crazy economic recovery we also have inflation. So no matter what these stocks do, they HAVE to go up. I think in 2021 any commodity stock that can produce cash is a good one to have. + +**Expose myself to raising interest rates**: To ensure that I do not end up being a bag holder for the irresponsible lending and money printing that our government has engaged in for the last decade i am buying puts against the bond market. I have bought puts against $TLT $VGSH $HYG $VMBS $VGIT. I will keep buying them too. + +**interest rates stay low = more inflation = commodity stocks go up** + +**raise interest to control inflation = bond yields go up, prices of bonds go down. potential fallout of companies and institutions that can't meet SLR%** + +I took out positions on Monday and its like i touched a beast that just woke up. It should not be possible to be up $1500 in one day. the VGSH puts for october that I got for 10 dollars are now worth like 300. + +https://preview.redd.it/rrfa5jmh1vm61.png?width=2216&format=png&auto=webp&s=0cfecc64d7cf74f06be13f63d93ec170b739e634 + +&#x200B; + +TLDR; If you want to protect yourself from inflation, buy commodities. If you want to protect yourself from the fucking house of cards that is the bond market, buy puts on bond ETF's against the bond market. This strategy might be VERY successful this year. Most of the puts i am buying are for the late fall or early next year. + +If this country could handle higher interest rates I think we would be okay. But the 2019 disaster did not spur confidence that we we were in a position then, and now the house of cards has only expanded and our money printing has led to enormous amounts of speculation that this world has never seen. Cryptos, SPACs, NFT's, High valuations, Cathie Wood, Chamath, etc. etc. To make this wore we are already starting to see inflation pressures hit producers and commodities. EU and AU are doing MORE MONEY PRINTING and QE. Money hasn't even started moving through the economy too. We have not even opened up. + +I sincerely wish I could believe this administration that we are in for a great economic recovery. They are completely ignoring the huge fucking problem right under their nose. + +Edit 3/13/21: this guy seems to agree with me [https://youtu.be/\_\_eVeN8wmfQ](https://youtu.be/__eVeN8wmfQ) + +Edit 3/16/21: Heresy capital has a great interview with David Hunter that basically talks about the same thing I see in the financial system, it is overleveraged. [https://youtu.be/v8l3oeq4eE8](https://youtu.be/v8l3oeq4eE8). He has a lot of other great videos too. He seems to have genuine insight and a much deeper understanding of the financial system on youtube compared to MeetKevin, Ten Cents, and Tom Nash. These three youtubers offer some good insight but they are not really focused on macro. + +Edit 3/16/21: u/iHustling correctly pointed out that my interpretation of SLR and IOER was incorrect and he looked into it to clarify that these two tools are independent from each other. Below is his explanation of these measures. The misleading part about my interpretation of these two measures is that I assumed IOER also determined SLR%. This was a hasty assumption made by me because I could not see how the rates on the money supply could vary drastically than the SLR% on banks. Here is his explanation: + +"IOER set by the Fed for sure. SLR just seems to be a regulation placed on the banks that the Fed can change, but hasn't changed to this date. The Fed exert enough control through IOER and open market activity. The IOER does allow them to basically change the repo rates and Fed funds rate. + +If the Fed funds rate were lower then the IOER, banks would make a profit by borrowing from other banks and lending to the Fed and vice versa. Therefore the Fed fund rate and IOER are effectively the same rate. + +By controlling the Fed fund rate through the IOER, they can also control the repo rate because the repo rate trails the Fed fund rate by a couple of basis points. The only difference between these two is one is backed by collateral and the other is not. The Fed fund rate is usually 25 basis points higher. This makes up for the lack of collateral. + +So what does this mean for your post? It seems the beginning of it may be a little misleading if I am correct in what the SLR is and isn't." + +here are all my positions + +https://preview.redd.it/c54ice9g1vm61.png?width=552&format=png&auto=webp&s=5a1bed8e2ed7e1151b8ef1d9347d811e4017fc54 + +https://preview.redd.it/0du8uc9g1vm61.png?width=568&format=png&auto=webp&s=99adc2a783bbc1c4499d975034b2fee10e5e6e65 + +https://preview.redd.it/kid15f9g1vm61.png?width=556&format=png&auto=webp&s=e785c1a2d5f063834c754fa73e2b36d857591e00 +We are getting to the point in the rally where bears are beginning to really drop, having lost it all. More posts are beginning to query people's mental health to ensure they don't so something stupid. Like this + +[https://www.reddit.com/r/wallstreetbets/comments/g6uku3/i\_may\_have\_lost\_4m\_but\_the\_fed\_has\_cost\_this/](https://www.reddit.com/r/wallstreetbets/comments/g6uku3/i_may_have_lost_4m_but_the_fed_has_cost_this/) + +This has probably been posted before but **these things will fuck you**. Banish that shit from your mind. + +&#x200B; + +# Assuming you would have sold at ATH + +You see this all the time in crypto; *I bought in at 1 dollar and if only I held to $10,000 I would be a dickillionaire.* [This comment has it](https://www.reddit.com/r/wallstreetbets/comments/g76wkr/heavy_losses_since_nov_2019_from_tesla_shopify/fofai9k?utm_source=share&utm_medium=web2x). + +Don't do this. If you bought in at a dollar and you doubled your investment you likely would have sold. Or possibly you would have sold at 3X or 5X. The idea that you would have held on for 1000X is ludicrous. Gambling is not for long term investment. Options are not for long term investment. You wouldn't have sold at ATH so stop giving your future self a reach around when present you is getting bummed. + +# Equating the money to the real world. + +Poker players know this rule inside out. Inside out. **It is not real world money**. It stopped being real world money the minute you put it in play. It is not 6 month's rent. It is not school tuition. If you think like that you will fuck yourself up and your decision making will be destroyed. + +Set aside the money. Say I am willing to YOLO it. If you cannot do that; then take the real-world money back out and slap yourself for suffering from FOMO. Look in the mirror and say 'I nearly gave away this money to some cunt trying to bankrupt me. Fuck FOMO and fuck them'. + +It is not real world money. If it was real world money, it would not be in Robin Hood or TOS. + +# Waking up every 2 mins to check your account + +See above. If this is stopping you from sleeping then your strategy and approach is fuk. + +Set your stop losses or whatever and sleep soundly. Market goes up and down; the only thing that should affect you is..***.did it hit my entry or exit point?*** That's it. Until one of those things happens; who gives a fuck? Enjoy memes and sleep. + +# Refusing to learn from the experience + +Principles. Feedback loops. If you lose money, take a few days to emotionally recover. Then work out what happened and why. The answer is never *the market*. I have lost 60% of my bankroll being a bear but I have learned so much about the Federal Reserve and credit generation. I will never make this mistake again. [https://www.aier.org/article/powells-new-monetary-regime/](https://www.aier.org/article/powells-new-monetary-regime/) + +A poster on this very forum said "You have never seen a face-ripping rally like a bull rally out of a drop". Even u/variation-separate told WSB what would happen from 220 to 280. + +You paid for this so learn from it. Are you an options trader, really? Or are you a buy and hold investor in the wrong way of investing? Or are you a penny stock picker in the wrong forum? Have a real think. + +# Most important...it is just fucking money. That's all. It is nothing. + +Internalise that. If a central bank can literally print it out of thin air through credit swaps; why would you hurt yourself over it? Fuck that shit and fuck them. And fuck everybody that got a problem with Mike Lowry. Get up and take it to the max everyday. + +It is just money and as long you are not homeless and starving; fortunes can change in an instant. + +**Staying in the game (life) is more important than the scoreline.** All you need to do is die with a single dollar to have come out ahead. Personally I hope I am overdrawn at my bank... :-) + +You can still cook a kick-ass meal, drink rum, hug your kids, enjoy the sun, all that shit. As a kid my family was homeless 3 times. People get through. You live on peanut butter sandwiches for a month. + +Stone Cold Steve Austin was down to his last 100 dollars and paid for a sack of potatoes and his gym membership to keep up his calories and routine. Sylvester Stallone had to sell his fucking dog he was so poor and the Rock was down to his last 7 bucks. Watch this video, shut the fuck up and come back strong. [https://www.youtube.com/watch?v=yvEzAx1Ij6M&list=PLcZb-8YtobCsqUeyq017ro-cRSSzdTdO3](https://www.youtube.com/watch?v=yvEzAx1Ij6M&list=PLcZb-8YtobCsqUeyq017ro-cRSSzdTdO3) + +# Only true austists hurt themselves over money. Don't be an autist. Be like Mike Lowry. + +I wanna be I wanna be like Mike. + +Positions: [SPX 1700 6 Months](https://www.reddit.com/r/StockMarket/comments/fwvt54/sp_1700_within_6_months/) \- Bulls r fuk and only cunts hold $USO. Don't be a cunt. Unwind that position. +edit: it's real! [https://bedbathandbeyond.gcs-web.com/static-files/2f3c77a8-3c64-430d-85a8-cb4a3d2ff8ad](https://bedbathandbeyond.gcs-web.com/static-files/2f3c77a8-3c64-430d-85a8-cb4a3d2ff8ad) + + +[https://www.sec.gov/Archives/edgar/data/886158/000119380522000426/ex991to13d13351002\_03072022.htm](https://www.sec.gov/Archives/edgar/data/886158/000119380522000426/ex991to13d13351002_03072022.htm) + +*Disclaimer: WSJ and GMEDD published that RC Ventures bought a large stake in Bed Bath and Beyond, but as of the time of this writing, no SEC Form 13G can be found anywhere to confirm this. This post is my attempt at debunking this news, because most of you will remember that the WSJ recently published an article about the NFT Marketplace that was used as a coverup to jack up the price of GME stock in the after hours a few weeks ago. As a result, the implied volatility also shot up and anybody that bought call options the next morning lost a lot of money on overpriced options that depreciated rapidly. I could be being paranoid, but I thought it was important enough to write about. Be careful out there. Shills are everywhere.* + +First, whenever news like this comes out, it is important to verify it by checking the SEC filings first. Absence of these forms is not necessarily proof that the news is fake, since it may take a few days for the forms to be submitted, processed, filed, and published. Currently, there is no 13G on file anywhere. + +[https://sec.report/CIK/0000886158](https://sec.report/CIK/0000886158) + +[https://bedbathandbeyond.gcs-web.com/financial-information/sec-filings](https://bedbathandbeyond.gcs-web.com/financial-information/sec-filings) + +The only evidence we have of this is a letter allegedly written by Ryan Cohen / RC Ventures.[https://s.wsj.net/public/resources/documents/bbbletter030622.pdf](https://s.wsj.net/public/resources/documents/bbbletter030622.pdf) + +At first glance, things seem to check out, but there are subtle differences when you compare this letter to the letter that Ryan wrote to the board of GameStop.[https://www.sec.gov/Archives/edgar/data/1326380/000101359420000821/rc13da3-111620.pdf](https://www.sec.gov/Archives/edgar/data/1326380/000101359420000821/rc13da3-111620.pdf) + +Let's take it from the top: + +First, the headers are slightly different: + +[Note the absence of the use of parentheses, quotation marks, and colon](https://preview.redd.it/yiz211dw8vl81.png?width=812&format=png&auto=webp&s=dad371656ee1e341c31b90f4459b928344ab3bfc) + +[Note the use of parenthesis, quotation marks, and a colon](https://preview.redd.it/3t3xikyx8vl81.png?width=812&format=png&auto=webp&s=4566644842212eaaac06930eefdf92e72e090b31) + +In his letter to GameStop, he addresses the Board of GME first. In this letter to BBBY, not only does it come last, but the opening address and the punctuation used is different, i.e. "Dear Members of the Board," versus 'Dear Members of the Board of Directors (the "Board"):' + +The next thing I noticed was that in this new letter, emphatic text is simply underlined, whereas in the letter to GameStop, anything Ryan emphasizes is not only underlined but is in all caps, bolded, centered, AND italicized. + +[No all caps, no bold text, no centering, no italics](https://preview.redd.it/019srn8r9vl81.png?width=805&format=png&auto=webp&s=a7e81a5d8f73c57f5d596d9de3f7b65d524141a7) + +[I AM TALKING TO YOU VERY LOUDLY HERE](https://preview.redd.it/p0uiaxls9vl81.png?width=820&format=png&auto=webp&s=0d0c3a03dd262e7748de630bdb70259e81f2dab0) + +Next, this new letter contains a table with cells highlighted in red, whereas in Ryan's letter to GameStop, he did not include a table, but he highlighted text in red instead. + +[Table. That's new. Red cells.](https://preview.redd.it/lbpgye6o9vl81.png?width=799&format=png&auto=webp&s=220d3210d5c940903b220887642b80e96885018d) + +[No table. Red text instead.](https://preview.redd.it/f6z16erp9vl81.png?width=799&format=png&auto=webp&s=2dbc5e765523f40c0868c3e27ec16904b89cbc0a) + +A couple other similar discrepancies occur, but the way Ryan signs the letters has also changed. + +&#x200B; + +[New letter is signed \\"Manager\\" and ends with 3 pound signs](https://preview.redd.it/i0anq7hdavl81.png?width=818&format=png&auto=webp&s=6b2e09627ed1bb9cbdc1da036f7cd3191256820d) + +[Letter to GameStop is signed \\"Managing Member\\" and ends with 3 asterisks](https://preview.redd.it/ei4da1neavl81.png?width=817&format=png&auto=webp&s=a9bc280aa1aaba9aacc615403b240bc93ed13a93) + +So you tell me. Real? Fake? Am I just being too paranoid? + +Keep an eye out for that SEC Form 13G, y'all. Stay frosty. + +edit: It might be a 13D. My bad. Either way, I don't know if the letter is real or fake, all I'm saying is it's inconclusive until that filing either shows up or fails to show up. + +edit 2: There are a lot of people that don't believe that WSJ would dare to publish something like this to ruin their reputation. I agree, but they can also just blame their source and dodge some of the blame. Again, I don't know if the letter is real or not, especially without a 13D/G, but also consider the possibility that if you're a short hedge fund and you're already completely fucked and going bankrupt, then you will potentially make up anything to try to survive another day. + +When in doubt, remember the fraud triangle: + +https://preview.redd.it/1mothzztkwl81.png?width=1280&format=png&auto=webp&s=813e9ec5a7cd17403eae14573c9d11913b7b327d + +If the letter is real, it's still bullish. As always, keep an open mind, and watch the charts! LFG!!! +Hi guys, I’ve recently turned 18 and have around 5k I really want to get into the real estate game but I’m not sure where to start. How can I increase my capital or how can I get into real estate? +Thanks +So recently i inherited a good amount of money, together with my brother and sister. Now my brother and I are in no place to buy a home at the moment, which is a shame because the money is sitting in the bank. I live in the Netherlands and the current inflation over 2022 will be 14,5% or more. + +My sister is in a place to buy an apartment, so we figured we should combine our money and buy an apartment without a mortgage. It will save my sister high mortgage rent, and our money will be in assets. We already found an apartment in the city centre, at a high-demand location. The thing is people around us are telling we should wait with buying it. + +This is because the expectations are, that the prices of the housing market will shrink in 2023 by 3%, because the mortgage rent is going up. Therefore most people advise waiting with buying a house. + +The thing is, expectations are inflation will remain high. The most recent prediction was put at 8% in 2023. Even if the prices of the houses would shrink more then 3%, it would still be wise to put our money in real estate right? + +Am i overlooking some stuff? i am currently a student and new to all this, any help is welcome +This is in a B+/A- area in a major east coast city. I’m talking to an older investor who is cashing out his portfolio. He’s offering me a chance to buy a triplex before it hits the market. He’s offering me about a 5% discount since we’re not using realtors. Thing is, it would only cash flow a little at current rates. If I can refi to 4.5% in the future, it would cash flow nicely. Is anyone else buying knowing they will only cash flow after refi? +Hoping for some advice during this unsettled time. + +I have two rental properties. One in IL is rented to section 8 tenants. Govt. assistance pays for maybe 70% of their rent. My other tenant, in another state, is not section 8. + +What happens if the section 8 tenant can’t make his 30% of the rent? + +I’m planning on being fair to them both - and sympathetic. But what are the logistics here? + +Regarding both tenants, what is the appropriate way to help them during this time? Payment plan? +I don't if its the same to invest in a reit or in real- real state, but it seems kind of difficult to me that so many people make their money with real state taking into account that reit returns are less than 10%, at least the ones that I have saw, so I don't know if I'm missing something, but what's the secret with real state and how so many people have made fortunes with it, if for the general public doesn't seem that lucrative. +edit: this post is for results only. thanks + + +Well, that took care of my 'too much free time' problem. In the first thread, 10 companies were selected, the list can be viewed in the old post, [here](https://www.reddit.com/r/investing/comments/3fk5u9/i_have_time_to_kill_what_stock_do_you_want_valued/). + +The results are structured such that the table below has the summary results and each of the company names links to a comment in this post which contains details on my biases, how I went about valuing the company, the assumptions I made, the sources of information and a link to the spreadsheet model. + +Because my own models are messy and built to my idiosyncrasies, I transcribed the numbers into valuation spreadsheets from Damodaran's website. Those sheets are a bundle of interconnected things so please be careful and read the comments in each cell before you start changing things. + +edit: there is now a blank template in the shared folder + + +Company | Market Price | My Fair Value | Over/Undervalued | Comfort Rating +---|---|----|---- | ---- +[Costco](https://www.reddit.com/r/investing/comments/3g6emr/update_i_have_some_time_to_kill_what_stock_do_you/ctvak8h) | $145.26 | $105.81 | Overvalued | 4 / 5 +[iRobot](https://www.reddit.com/r/investing/comments/3g6emr/update_i_have_some_time_to_kill_what_stock_do_you/ctvbtqe) | $29.96 | $33.00 | Undervalued | 3 / 5 +[Stratasys](https://www.reddit.com/r/investing/comments/3g6emr/update_i_have_some_time_to_kill_what_stock_do_you/ctvbb4b) | $29.75 | $8.23 | Overvalued (?) | 2 / 5 +[TEPCO](https://www.reddit.com/r/investing/comments/3g6emr/update_i_have_some_time_to_kill_what_stock_do_you/ctvat8s) | ~~Y~~885 | ~~Y~~1,705 | Undervalued | 3 / 5 +[Under Armour](https://www.reddit.com/r/investing/comments/3g6emr/update_i_have_some_time_to_kill_what_stock_do_you/ctvf7su) | $97.93 | $61.86 | Overvalued | 2 / 5 +[Medallion Financial](https://www.reddit.com/r/investing/comments/3g6emr/update_i_have_some_time_to_kill_what_stock_do_you/ctvc7oa) | $8.50 | $9.18 | Undervalued** | 3 / 5 +[Tucows](https://www.reddit.com/r/investing/comments/3g6emr/update_i_have_some_time_to_kill_what_stock_do_you/ctvlcd4) | $23.91 | $26.66 | Undervalued | 4 / 5 +[T-Mobile](https://www.reddit.com/r/investing/comments/3g6emr/update_i_have_some_time_to_kill_what_stock_do_you/ctvo3m6) | $40.36 | $39.01 | About Fair Value | 4 / 5 +Shake Shack | $71.65 | got a dart board? | n/a | 5 / 5 +Nintendo | n/a | n/a | n/a + +I couldn't get around to Nintendo on account of drinking, the daily show and some bacon. But I did update my valuation of Valeant Pharmaceuticals the day after the latest earnings came out, so [you can take a look at that if you want.](http://valuingcompanies.blogspot.ca/) + +~~P.S. If anyone knows of a decent anonymous way to share files, please let me know so that I can let people download the spreadsheets.~~ Dropbx link to all the spreadsheets are in the comments and also [here](https://app.box.com/s/oorq4kcdsgv11tah68kmo3yf1ilq2swi) + +~~edit: taking a little breather before posting about Under Armour, Tucows and TMobile~~ + +edit 2: because I've always wanted to say it. I do not hold stock in any o the aforementioned companies and do not plan to initiate any positions within the next while +To no one's surprise. + +[NY Times](http://www.nytimes.com/2016/02/20/business/dealbook/yahoo-takes-a-step-toward-a-possible-sale.html) + +[mashable](http://mashable.com/2016/02/19/yahoo-admits-what-everybody-already-know-it-s-looking-to-sell/#5SJFPGEUtSqW) + +Hi all, this is my first ever post on Reddit... I don’t really know how this works but a friend of mine pointed me in the direction of this thread to ask for advice on my current financial situation. + +My main question is; how on earth do I get out of my arranged overdraft to avoid paying overdraft interest? After my bills go out in the next couple of days I’ll be £1990 into the overdraft with a limit of £2000, my daily interest charges can get to nearly £2 a day with the current balance of my overdraft and it’s really dragging my finances down. +I can’t go down the personal loan or any other kind of credit route as I have a recently added CCJ, so my credit score is “Very Poor” for the next 6-8 years. That’s also down to my Credit Card being slightly overlimit at the moment but again, I have no money to pay that off just yet. + +I can detail my outgoings but my income varies. I don’t know how much I get exactly per month as it’s paid fortnightly but on average it’s around £550 every fortnight and occasionally with added bonus and travel expenses. So call it £1100 a month minimum. + +My outgoings; +Motorbike finance: £150 +Rent: £250 +Personal loan payment: £140 +Motorbike insurance: £60 +Other contracted finances: £58 +Fuel costs: £50 +Food: £60 +Phone bill: £48 +Other general expenses: £15 + +I know that comes to just over £830 per month but I don’t see the rest of my wage as it either goes on my credit card or overdraft interest. + +Plus take into consideration unexpected bills such as motorbike repairs etc. I’ve recently had to change the chain, sprockets, oil, filters and front brakes on my bike which collectively cost me £285, most of which I had to borrow from a friend due to me not having the disposable income. + +My main aim is to just clear my overdraft, get out of that so I don’t get the daily interest charges and I feel I’ll be in a much better financial situation then. I’ll be able to save money a lot easier and without worry of “How am I going to cover my interest fees?” + +Any and all serious help would be greatly appreciated! +Just curious as to how yours SO has responded to your pursuit of FI/RE. Do they support it and help or do they resent you for being "cheap"? Maybe your SO has been the driving force and you reluctantly went along with it? I assume that a lot of us weren't on this path when we got married, so such a paradigm shift could be difficult to handle in a relationship. Thoughts? +I'm wondering if there is a point where it is no longer worth saving and is just time to live large. Anyone here have experience crossing a milestone and just being like "I saved for x years, now it's time to fly 747's and live like a Sheik!"? If not do you have a number where you would stop trying to build your wealth and living below your means? Thanks. +Hi All, + +We are with ING (variable at 2.65)and and my partners workplace doesn’t offer paid parental leave. Are there options to allow us to defer repayments on our loan other than claiming financial hardship? +We do have some savings but rather not exhaust it all and lose that security. + + +Our plan is our savings seeing us through until my partner is back at work, I’m asking for others experience in this situation or others that know what banks can offer, what other options may be open. + +Mortgage not morgue… Thanks auto correct, now a lot of comments now make sense! +Hey guys + +Looking to cut off just that little extra bit of (metaphorical) fat so to save up for a mortgage. + +I'll start: + +* meal prep - takes an hour or two. Went from $12-15/meal to $8-10/a day. +* run or walk shorter distances (2-5km). Good for my wallet and my body. +* make a grocery list before buying groceries. Again, good for the wallet and the body. +* always do a quick price compare online before buying anything substantial. +* buy quality, not the cheapest product. +* for longer term contracts (e.g. phone or gym), always haggle. +* if you get paid on the 1st of each month, set up regular payments to your savings and investment accounts for the 2nd. + +Anything else I'm missing? +Hi all, + +After a bit of help and motivation for my partner. He is late 30s and doesn’t have much of a pension at all. He doesn’t have huge capacity to boost his earning. He also has gaps in his NI payments so probably isn’t on track currently to get full state pension either. + +I am the higher earner and am in a better position re pension etc, though I could definitely do more. + +We are currently looking at buying a place together, but I’ve been encouraging him to get his head round his pension and look at how much he should increase his savings by to start to build that up to a more reasonable level. I don’t want him putting everything into a mortgage and continuing to neglect his pension. Currently we live in a property I own so he’s not paying rent, so it’s not like a mortgage would be a rent for mortgage swap - it’s all going to be extra over his current outgoings. + +However he’s very demotivated. We’ve done a few online pension calculator things and even if he invested pretty much all his take home he’s still only just ending up at what they recommend. And obviously that leaves him with nothing to put into a mortgage or living a good life in between now and retirement. + +I know there’s no one answer but does anyone have any good resources or thoughts on how to decide upon a balance between saving for retirement against current needs like a mortgage? Or any motivational stories to show him that it’s not completely pointless at this point to start trying? + +As a secondary point if anyone has any good info on NI payments and state pension so we can understand if we should prioritise filling in those gaps or the money is better off elsewhere that would also be much appreciated. Thanks all! + +Edit: thanks for all the responses so far, incredibly helpful. I know it’s all subjective but helpful to just hear others’ thoughts. And loads of good info on state pensions stuff too. To clarify a few things: + +- the question isn’t “should he overpay on the mortgage or put into his pension” it is “can we afford to get a mortgage together at all, or should we limit its size so payments are lower because we feel we need to weight more of the take home in building up his pension rather than putting it into a mortgage”. What should be the priority - mortgage and home ownership or pension. Obviously it’s a balance between the two, but that’s the crux. He can afford to make mortgage payment in his take home, he can afford to start massively putting into a pension to try and catch up, but probably not both to the full extent with other living costs, so how to decide the split? +- he has a work place pension and currently past 5% with that matched by his employer. Got an action to look at that more in terms of funds performance fees etc +- he has a LISA (new last year) but would potentially be using that towards the mortgage (as he will be a first time buyer). Though that is subject to decision on what he should prioritise. +Not planning to have kids for around 5 years so the first one would be starting school in around 10 years if everything went to plan. However, my partner and I both disagree with whether or not private education is worth it. + +I have three relatives that were privately educated, non of whom are doing well financially. I went to a terrible state school but I’m doing very well. Surprisingly, I’m on the pro private school side as I believe we’re outliers, not the rule. + +My partner thinks our money would be put to better use having a nicer house, affording nicer holidays and having a better quality of life. He also makes a lot less than I do and I get the sense he would feel emasculated having our children attend a school that costs the equivalent of his post tax salary. (I would pay the school fees). + +I am open minded about this and perhaps it would be better to move nearer to a good state school and invest money in tutoring, extra curricular activities and be able to work less and spend more time with possible future children in their formative years. Maybe even put money aside for their futures instead of spending it on school fees? + +My question is for those who have attended private school or have any experience around it. Is it worth it? Is the value over state school worth the significant financial outlay? + +TLDR; is private school worth the money? +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +*gobble gobble'n up those shares* 🎃🦃 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +🏴‍☠️ [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/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis) +The value of this technology is not in making it even easier for Americans and other first-worlders to do their shopping. That is already incredibly easy. + +The value of this technology is many-fold. Examples: + +* *International* online shopping for people who have no access to credit cards +* Reduction to near zero of merchant fees for small, local business +* Holding savings without any fear of confiscation or censorship +* Drastic reduction in remittance fees +* Business to business and person to person international transfers with no significant wait times and little or no fees +* Almost free tipping of artists and charity causes online, and other microtransaction types such as pay per article, currently not possible with Paypal or credit cards due to fees. +* Undermining the bankers' power to print away our money. + +This bundle of functions can all be had with Bitcoin itself, let alone altcoins or sidechains. + +And yet day after day when I come and read this sub I see endless desperate wishing, hoping and begging that people like Amazon will let you use Bitcoin.I'm not saying that wouldn't be nice, but it would be no more than that - nice. And then people get all upset when the naysayers come onto the sub and start laughing at you for suggesting that this is such an amazing goal. They're right, it is not an amazing goal at all - and if all Bitcoin was was yet another way to pay online, just as we do now, I wouldn't be even slightly interested in it. + +There is so much more to Bitcoin than this. /rant +http://www.theatlantic.com/business/archive/2016/01/inequality-work-hours/422775/ + +Interestingly, I think the truth is in a combination of all of the points made in this article: + + +* Excessive consumption +* Socialization at work (what else would we do beside work?) +* Inequality of wealth + + +Most of this probably seems pretty obvious to most of us, but I had never heard of such predictions of prosperity from the past before. If that fellow were to wake up from the dead today, I feel like he'd be kicking all of our asses for wasting so much. +Todays volume according to Yahoo: 24,533,034: + +[https://finance.yahoo.com/quote/GME/](https://finance.yahoo.com/quote/GME/) + +Average volumes over past 5,20,50 100,and 200 days according to barchart: + +5-day: 80,883,672 + +20-day: 64,272,414 + +50-Day: 32,605,699 + +100-Day: 22,451,066 + +200-Day: 13,404,101 + +[https://www.barchart.com/stocks/quotes/GME/technical-analysis](https://www.barchart.com/stocks/quotes/GME/technical-analysis) + +&#x200B; + +Assuming a high variance thanks to you diamond handed autists todays volume is suspiciously low meaning you glorious retards are holding as needed. If there was a massive selloff actually happening you'd expect todays volume to be somewhere around the 5-20 day average, instead it's about 1/3-1/4 of what that should be. + +Moral of the story: + +&#x200B; + +Diamond Hands are fucking working + +&#x200B; + +Edit: I AM NOT A FINANCIAL ADVISOR I AM A BORED RETARD SNIFFING HIS OWN ASSHOLE +I got into a pretty nasty crash on my bike the other day. I was in a running late for an exam and my thoughts were clouded. Next thing I know, a lady turns right on me while I was filtering between traffic. im luckily unharmed completely (not a religious person but I think it was a miracle). The lady was really nice about it, we didn’t have police show up and she asked me if I would rather pay out of pocket for the damage to her head light or whether I’d have my insurance cover it. She called me and said the shop is charging 1,200. I have 400 in savings and I make about 250 a week after expenses and taxes. +What’s my best bet here, deal with high insurance premium or somehow pull together 1,200? + +Edit: filtering or lane splitting is illegal in my state so I was 100% in the wrong and I owned up to it as well. +Listen up all you crypto lovers! + +TLDR; + +1. Argo Blockchain = Cryptocurrency Mining Company = Good (at least in this market) +2. Bitcoin price skyrocketing = Good +3. Argo Blockchain incredibly undervalued vs. Marathon Parent Group vs. Riot Blockchain = Good +4. Profitable company = Good +5. Management = Good +6. Undervalued + Bitcoin Price Appreciation = Very Good +7. I am long shares + +Let’s talk about Argo Blockchain ($ARBKF), which trades OTC currently in the US markets and trades on the London Stock Exchange. + +Argo Blockchain is a cryptocurrency mining company headquartered in London and has been making strategic investments in North America. Specifically, they recently entered into a non-binding LOI for 320 acres of land in Texas that has access up to 800 MW of electrical power and they will be building a new 200mw mining facility in the next 12 months. + +When it comes to bitcoin mining, efficient energy usage plays a huge part in overall margins and this new location will supposedly provide them with some of the lowest electricity costs in the world due to most of it coming from renewable sources. + +**Bull Thesis** + +I believe that Argo Blockchain is significantly undervalued compared to its peers largely due to an awareness problem. More on this later. + +Something that has caused the share price to spike recently is that there is a possibility they could join the NASDAQ if their share price stays above a certain level for a few days. It appears this has been done and there may be potential that Argo could get listed on the NASDAQ which could cause huge buying pressure if it gets listed on a public exchange since it’s currently OTC. + +Argo has solid financials that will enable them to expand their mining operations and to continue to scale. + +Finally, if Bitcoin keeps going up in value, well that’s only going to fuel Argo’s profitability and revenue growth. + +***Argo could be a sleeper. I think it’s definitely a value play and a legitimate one too. Even after the HUGE run-up, there’s still plenty of upside. (See below).*** + +**Valuation Comparison** + +Argo Blockchain is just one of many mining companies, and they are the least well known compared to Riot Blockchain ($RIOT) and Marathon Parent Group ($MARA), where these two companies have seen their share prices increase considerably in the past year or so. + +What’s interesting is that Argo Blockchain is literally **TRIPLE** the size of Riot Blockchain from a revenue perspective and **THIRTEEN TIMES** the size of Marathon Parent Group. Yet amazingly, these two companies have TRIPLE the market cap of Argo Blockchain. That means from a VALUATION perspective, Argo Blockchain is trading at a HUGE discount. + +**Here’s how it breaks down from a TTM Revenue perspective:** + +Argo Blockchain: $26.77 MRiot Blockchain: $7.89 MMarathon Parent Group: $1.99 M + +\*\*From a Market Cap perspective:\*\*Argo Blockchain: $1.4 BRiot Blockchain $4.6 BMarathon Parent Group: $4.4 B + +\*\*From an Enterprise Value to Sales multiple:\*\*Argo Blockchain: 37.31Riot Blockchain: 483.8Marathon Parent Group: 1,975 + +**That’s INSANE. If Argo Blockchain were to have the same multiple as Riot Blockchain, their share price would be $51 and if they had the same multiple as Marathon Parent Group their share price would be $211!** + +I’m not saying Argo Blockchain deserves the same multiple as these two other more popular companies, but at least they should close in a little. + +A few reasons: + +1. They are the biggest mining company right now +2. They are profitable and have achieved sizable scale now +3. They just announced their best bitcoin mining margin ever which is way better than Riot and Marathon Parent + +It can be argued that Argo’s tech is not the best in terms of mining power, but that’s all theoretical, Marathon Parent group claims they can mine 50-60 bitcoin a day by Q1 2022, we’ll just have to wait and see, For now, they have yet to break $1 M in quarterly sales. It’s likely they will in their Q4 report, but it hasn’t been announced yet. + +If Argo Blockchain were to achieve only 25% of the multiple that RIOT has, then Argo would be $10/share approximately!!!! (They’re currently $4). + +**Financials** + +Argo has some solid financials. They’ve generated revenue since 2018 and their revenue looks like this: + +(All currencies converted from the British Pound to USD using $1 British Pound to $1.39 conversion) + +2018: $1.06 M2019: $11.98 M (+1027%) + +2020: $26.77 M (+123.5%) + +In 2019, they mined 1,164 bitcoin + +In 2020, they mined 2,465 bitcoin which includes 6 months after the halving that took place in May 2020 which made it more difficult to mine. + +Throughout most of 2020, their mining margins hovered between 27 to 60% and in the last 4 months, their mining operations ticked up considerably: + +October: 40%November: 57%December: 60%January: 71% + +Since this is a UK company, they don’t do quarterly earnings, but they did provide their 1st half of 2020 report, where they showed some pretty significant operating leverage YoY from 2020 vs. 2019, where SG&A expenses as a % of revenue went from 21.5% to 5.69%. + +They were actually profitable in the first half of 2020 and from a cash flow perspective, they had a 33% operating cash flow margin which is pretty impressive. + +I think what’s important to note is that in the last quarter of 2020, they generated $6 M in revenue after mining 337 bitcoins at an average cost of $17,800 per bitcoin. + +Revenue was up 62% YoY for that quarter which is incredibly impressive now that they’ve reached some scale in their operations. What’s amazing is that now that bitcoin is around $50k a coin, they mined 93 in January and likely will mine another 200 or so in February and March combined for a total just shy of 300 for the quarter. Assuming something around a $40k average for bitcoin in Q1 of 2021, that’s $12 M in revenue which would translate to a 41% YoY growth for Q1. That’s assuming they mine just under 300 for the quarter, where that could be considered conservative if you look at August 2020 through November 2020’s mined bitcoin: + +August: 166September: 126October: 127November: 115 + +If bitcoin’s price were to jump to $60k in the next few months, revenue will skyrocket, remember I assumed $40k average for the quarter and Bitcoin has been in the $40-50k range for a few weeks now and could continue into March. + +Financially, this company seems really stable: Positive cash flow, profitable, operating leverage, growing revenue quickly. + +They also hold a good number of digital assets, and at the end of January, they held 501 bitcoins (they had purchased 172.5 in mid-January when the price was hovering around $30-36k) which has clearly appreciated in the past 90 days. + +**Where can you buy $ARBKF?** + +It looks like from a lot of the comments, there are some questions about where you can buy this stock. It trades over-the-counter, so it's not listed on a major exchange and apparently, some trading platforms like WeBull and Robinhood don't allow you to buy this stock (at least not yet). + +Fidelity, Etrade, Charles Schwab are 3 brokerages that allow you to buy this stock. I believe there is a $50 international fee for the transaction, so be wary of that as it will add to your cost basis or eat into the total number of shares you can buy. + +TD Ameritrade charges a $7 to buy this stock. + +You can also purchase these shares on the London Stock Exchange ("LSE"), I actually did this earlier today as an experiment on Fidelity. The ticker is: $ARB-GB ([https://www.cnbc.com/quotes/ARB-GB](https://www.cnbc.com/quotes/ARB-GB)) and if you're looking up the ticker, it's "Argo Blockchain PLC." There is a nominal transaction fee to buy on the LSE vs. the $50 for the OTC stock. + +**Wrapping Up** + +Argo Blockchain has a lot going for them and potentially being listed on the NASDAQ could be huge. Their CEO is also super outspoken and provides monthly operational reporting, so you can see monthly how the company is doing vs. the normal quarterly reports we get. + +Since this is still considered a "penny stock," remember there will be bouts of volatility and this stock will likely be tied very closely to the price of bitcoin, so any major corrections could cause a significant share price decline. + +**Disclosure: I am long $ARBKF shares** + +[Most recent position \^](https://preview.redd.it/n6k6gwq3z4i61.png?width=103&format=png&auto=webp&s=6a60ffcbecb8d3b9246f02ddb328982ed4d2f337) + +Disclaimer: I am not a financial advisor, I don’t know anything about you and your risk tolerance. This could blow up in our faces. Do your own DD. + +EDIT: Added a section on where you can buy shares if you're interested and updated the conclusion. **DO YOUR OWN DUE DILIGENCE.** +Since 1-2 months my portfolio of stocks and ETF's keeps shrinking as the title says. + +I'm owning some blackberry, Nio, SolarEdge, Ishares clean enery fund, Palantir and some other small positions + +I felt like this was a good approach, taking on tech, energy, data/security and transport. But my portfolio has been performing the most terrible since I started a few years ago. + +Am I the only one? It's a part of investing and I'm certainly aware of it. Heck I've bought more and more on the way down but I can't keep doing that forever. + +What's your experience? + +Edit: thanks for all your responses. Really helpful! I forgot to mention that I held a lot of ETF's before this. I also own some Apple shares as well so still in tech but also some bigger growth stocks. It's clear that I should spend more time doing research and diversifying my portfolio and maybe get some more ETF's. Just not sure which because a lot is at it's all time high. +I've recently been researching mining stocks and have come across a few that are quite interesting. I've already made investments in larger companies, but I'd like to broaden my horizons and invest in a few more. + +[First Majestic](https://finance.yahoo.com/quote/AG/) \- The Ermitao Project and the San Dimas operation are two of their exploration projects in Mexico. They just purchased a stream of 50% of payable silver generated from the Springpole Gold Project in Ontario, Canada, from First Mining. + +[Trillium Gold Mines](http://www.trilliumgold.com/) \- a gold exploration firm based in Canada ’s Red Lake gold camp in northern Ontario. In terms of exploration, I think this company has a ton of potential. As gold continues its upward trek, the gold sector should benefit. Also, gold’s apparent negative correlation with the market as a whole indicates companies like Trillium are due for a significant reset. + +[Kirkland Lake Gold](https://finance.yahoo.com/quote/KL/) (KL) is a Canadian company with mines in Australia. I believe they still have potential. I believe they will continue to grow, despite their recent development projects taking a detour. Their management has improved, and their revenue growth continues to accelerate. + +What do you guys think? +Hi all. I'm interested in planning a solo trip to Antartica in the next 3-5 years. Its been a lifelong dream of mine. Does anyone have any recommended tour companies they used? I'm looking to go all out on the trip. When I search I see many tour groups but am unsure in the difference in quality between each. +I know, I know DRS, DRS, DRS. + +But for those few shares that are not. We need every bit of evidence to prepare for a class action lawsuit. By now we have learned the fuckery that can go down. + +We are absolutely not a collective group (this definitely is not financial advice, & I top off my crayons with my own boogers) We do all make our own decisions with our investments, however, if a class action lawsuit were to happen for let's say a buy button getting removed ...... Well we just might be working together as a group for a lawsuit. + +I know we have superstonk as a resource but that can be taken at any moment. + +You know what can't be taken!? Screenshots, downloads, saved files & documents. + +Just saying. +Happy Sunday Apes, + +Fair warning: if you don’t want your nipples to be harder than a pair of woodpecker lips, stop reading now. + +Alright then. Now that I know everyone is still here, let’s get crackin’ with some grade A speculation. + +Like a lot of folks recently, I’ve been trying to put together the pieces of this puzzle in a way that it all adds up. We know the mechanics of the dividend are confusing - even within industry circles. Why? IMO, there are pieces of the puzzle that aren’t yet known to John Q. Public. That’s intentional. The following is my best guess as to what those missing pieces are, and how it all adds up in a way that makes perfect sense. Let’s dive in: + +On June 27 at 3:59 PM (1 minute before market close) RC tweeted: + +“Wall Street charges lofty fees, +doesn't risk its own money, +consistently underperforms and +wins regardless of how the economy +does. Meanwhile, Main Street faces +inflation and a growing wealth gap. +What's the solution?” + +As everyone knows, even RCs most cryptic tweets have been analyzed ad nauseam in search of their hidden meaning. This one? To me, this is plain as day. Let me begin to explain by asking a few follow up questions: + +If you want to start a billion dollar business legitimately (emphasis added; obviously subjective), what’s the first step? A: you need to find a big problem. Then, you need to find a solution to that problem. + +How do you do that? You listen to the market around you: + +- What are people saying they don’t like? +- What are people saying they wish existed? +- What are people saying frustrates them? +- What do people think is incredibly inconvenient? + +Is this a problem you can solve? Is it a problem that’s worth solving? + +If you solve a problem that the market wanted solving, and you do it an a scalable way, the market will reward you favorably for doing so. In short, you become a billionaire like RC not by chasing money, but by chasing big problems. The value of what you create will be proportionate to the size of the problem you solve. + +In this tweet, he’s flat out spelling out the problem HE has identified. He’s not asking a question he doesn’t already know the answer to. + +So, how big is this problem? + +Google NYSE market cap. It’s somewhere in the 25-30 TRILLION dollar range annually. Annual volume is in the trillions of dollars too. The DTCC processed 2.3 QUADRILLION in securities transactions in 2020. + +Be your own bank? How about your own exchange? Imagine owning a piece of that. + +Here’s how I believe this all plays out: + +1. The dividend is issued - it will in some way (even if unbeknownst to the general public at first) highlight a major problem with GME stock being listed on the NYSE and facilitated by the DTCC +2. The NFT marketplace will go live +3. RC & Co put their money where their mouth is and begin the process of moving shares onto their new marketplace. It wouldn’t surprise me at all if there is an unannounced crypto/NFT element of the upcoming dividend +4. Once the stock is transitioned, the true MOASS begins. What that will actually look like is a mystery, but here are some additional important factors to consider in support of this thesis: + +A big question that’s been floated is: how will MSM spin this when sh*t hits the fan? Well, a stock hitting the prices Apes are expecting is unheard of, and frankly would be impossible to explain away. While stocks hitting those prices - yeah, yeah, I see you Berkshire Hathaway - is unheard of, what’s a relevant related space that’s already commonly accepted to hit astronomical prices? Crypt0 and NFTs. As far as I’m aware, a single share of stock has never sold for millions of dollars. NFTs on the other hand? The highest price I’ve found to date is: The Merge for 91.8 million. + +Having the MOASS occur on the NFT marketplace makes too much sense for all parties involved: + +- GME is transitioning to web3. Why should they leave their stock listed on an outdated and obviously problematic platform when they’ve built their own solution and have been handed the most incredible opportunity to launch it with more fireworks than one can possibly imagine? +- MSM gets plausible deniability. Yeah, you may not like this, but it would be true in this scenario whereas it would be impossible in another. Whether you like it or not, this is a critical factor. +- Not as sure about this one, but wouldn’t the stock be short able when it’s at astronomical prices during MOASS as things are today? Likely prices never to be seen again? If true, that would be a risk worth avoiding. + +To me, this is the scenario that makes the most sense by far. Start looking at your DRS shares as tokens (edit: digital assets). Dr. T said it herself: + +“DRS is the exit I helped build (on the DTC’$ dime, BTW) starting in 1992 so retail investors could leave the DTC, their banks, brokers, and the Wall Street casino behind and get directly connected to the companies they invest in.” + +You see how all the pieces fit together? This is a decades-old problem that’s finally going to be solved, and everyone reading this is in on the ground floor. Trust that, regardless of how exactly it all plays out, you will be rewarded handsomely. Don’t forget - none of this would have been possible without retail investors. We know it, and the company has openly stated it on numerous occasions. You can be sure that you will be rewarded for your contributions. All you need to do is sit back and enjoy the ride - trust that your investment is in the safe and more-than-capable hands of RC & Co. + +TL;DR: + +- the NFT marketplace is where this is all likely to go down +- The dividend is the first step of the end game +- Buckle the fuck up and enjoy the ride + +🦧✌️💙🚀 + +EDIT: something of importance I forgot to originally include. Imagine trying to time the MOASS on the current exchange? CS sell limits, peaks, valleys, fuckery of every degree, etc. Having that volatility occur on the NFT marketplace likely gives the company and shareholders significantly more “control” over exit prices - if they even want to exit at all. +https://www.theinformation.com/articles/uber-discusses-plan-to-lay-off-about-20-of-employees + +The Information's Amir Efrati reported Tuesday that the company was considering further layoffs of up to 5,400 people, citing a person familiar with the matter who said the plan was not yet confirmed. The layoffs could represent up to 20% of Uber's 27,000-person workforce and save the company up to $1 billion in expenses, according to The Information. +I put together a list of frequently asked questions regarding the event that have been floating around in various comment threads, and also give some more details into how it will work. + +#**What’s the WSB Championship?** + +Here’s the **[promo video](https://www.youtube.com/watch?v=fpj2632C1SY)** + +It’s a live tournament that will be held at the [Esports Stadium Arlington](https://esportsstadium.gg) in October 28-30 -- where 12 contestants will compete using stock options, real money and live trading. The event will sell tickets to host a live audience of approximately 2,500 people, and will also be live streamed, available online through pay-per-view. + +You can learn more about it by visiting: +#**[wallstreetbets.net](https://wallstreetbets.net)** + +#**Why will it be in Texas?** + +ESA is the newest and biggest Esports venue in the US. It’s a facility that was built specifically for esports and has all the latest technology and infrastructure which is needed to host this type of event. + +#**Is it real**? + +Yes. Here are some reputable news sources that have written about it: + +* [Nobody Wants a Margin Call Right Now]( https://www.bloomberg.com/news/newsletters/2020-03-26/money-stuff-nobody-wants-a-margin-call-right-now) - Bloomberg (by Matt Levine) + +* [Esports Stadium Arlington to Host Stock Options Trading Championship]( https://esportsobserver.com/esports-stadium-arlington-wsb) – Esports Observer + +* [Wild markets set stage for winner-take-all trading competition]( https://www.investmentnews.com/wild-markets-trading-competition-190598) - Investment News + +* WSB Announces First Live Trading Championship – (Press Release) found on [Yahoo Finance](https://finance.yahoo.com/news/wallstreetbets-announces-first-live-trading-110000567.html), [AP](https://apnews.com/Business%20Wire/44bde858888d487c85e29a442c1ede6a), [Street Insider](https://www.streetinsider.com/Business+Wire/WallStreetBets+Announces+First+Live+Trading+Championship/16665169.html), [Market Screener](https://www.marketscreener.com/news/WallStreetBets-Announces-First-Live-Trading-Championship--30256362/), [BusinessWire](https://www.businesswire.com/news/home/20200326005099/en/WallStreetBets-Announces-Live-Trading-Championship), [Digital Journal](http://www.digitaljournal.com/pr/4633412), [Benzinga](https://www.benzinga.com/pressreleases/20/03/b15670385/wallstreetbets-announces-first-live-trading-championship) + +#**How will the contestants be picked? How can I apply?** + +We will open up contestant applications in the coming weeks along with any requirements (relevant citizenship, 18 years old, etc…). At that point we will also list out the rules and criteria which will used for the selection. There will be “qualifier rounds” which will be fully transparent and open to the public to watch. At the end of the process, we will have the final contestants for the WSB Championship. + +Contestants will deposit a predetermined amount of money into a personal broker account which will be used for the competition. Anything they make (or lose) during the competition will be theirs, in addition to the prize money awarded to the winner. + +#**What’s the prize?** + +The prize will be big, between 6 and 7 figures. The final amount will be announced in the coming weeks. + +#**How are you paying for it?** + +The prize money is coming from the primary sponsor of the event, [True Trading Group]( https://truetradinggroup.com/wallstreetbets/?cc=WSBTTG&cp=30). This has been mentioned in all the press releases linked above: +> True Trading Group (TTG) will provide the proceeds for the WSB Championship prize. + +#**What about the beer virus?** + +We’re seriously hoping that COVID-19 is under control by October, in which case we will proceed with the live audience. But if there are any sort of restrictions in place by then, the entire event will also be streamed online. + +#**Do you have a lawyer?** + +Yes. Many of them. + +#**You’re going to get options banned for everyone** + +Derivative market is 17 times greater than the actual equities market. Estimated to be around $1.2 quadrillion dollars globally (although not all with options). If 12 people get together and legally trade them for a couple days shuts down that market, then the financial system has bigger problems on its hands than WSB. + + + +#**STFU and change the logo!** + +I hear you, we’re fixing the logo. I’ll be making a post about that this weekend. +I've been looking into several threads and it always seems to go back and forth. When buying smaller bars 10oz, 5oz, 1oz, the bar comes in a plastic container (wrap?). Taking it out of the plastic makes it easier to store, but does it affect the value? The bars still have serial codes, and are from reputable companies such as PAMP. Several people say they feel better leaving it in the plastic, but do not justify why. +**Bitcoin is one of the most important inventions of the last 20 years**. Unless you are a computer scientist, you may not know that the concept of a decentralized network that could achieve consensus (agreement) without any central controlling authority was an unresolved problem in computer science called Byzantine Generals' Problem. Bitcoin solved this problem in 2008 ~~and that in itself is truly revolutionary~~. + +EDIT: it has been pointed out that in spite of what Andreas and [others](http://nonchalantrepreneur.com/post/70130104170/bitcoin-and-the-byzantine-generals-problem) stated Bitcoin was actually not the first but [one of many](http://en.wikipedia.org/wiki/Byzantine_fault_tolerance#Practical_Byzantine_fault_tolerance) solutions to this problem. + +Bitcoin developer Andreas Antonopoulos said "I discovered Bitcoin for the first time in 2011 and, since the Internet, I have not felt this feeling of being completely overwhelmed by the possibilities that I saw. I was there at the dawn of the Internet in 1991 when it was pre-commercial. And I could see that this was going to change the world but couldn't tell everyone around me because no one believed me. And I have that exact same feeling about Bitcoin." + +**Ignore the price**. Ignore Bitcoin the money and understand Bitcoin the technology, the invention, and the network it creates. Because if we mess up the money we'll just reboot another currency. The invention of Bitcoin, the technology that makes it possible, cannot be un-invented. And it creates the possibility for decentralized organization on a scale never before seen on this planet. + +Today in the world approximately 1 billion people have access to banking, credit and international finance capabilities. Primarily the upper classes and the western nations. **6 and a half billion people on this planet have no connection to the world of money**. They operate in cash based societies with very little access to any international resources. They don't use banks. 2 billion of these people are already on the Internet. And with a simple application download, they can immediately become participants in an international economy using an international currency that can be transmitted anywhere with no fees and no government controls. And they can connect to a world of international finance that is completely peer to peer. So **Bitcoin is the money of the people**. At its core Bitcoin is simple mathematical rules that everyone agrees on with no controls. The possibility of bringing 6.5 billion into productive society by connecting them to the rest of the world is truly revolutionary. + +First we're going to start affecting the payment processors; these enormous companies that make it more expensive to send money the poorer the destination country is. A situation that is exploitative and corrupt. And these organizations make enormous amounts of profit for a function that can be done in Bitcoin for free! So, as the adage of the Internet once went, "I just replaced your entire industry with 100 lines of Python code." And that is the case with Bitcoin. + +One of the most important principles of the Internet is neutrality. The Internet doesn't know the difference between CNN and an Egyptian blogger. Likewise Bitcoin is neutral to sender and recipient and also to the value of the transaction. And it also gives every citizen and user of Bitcoin the same ability to innovate in terms of financial innovation, in terms of payment systems and use the currency with exactly the same facility that a bank has. YOU can become and operate on the same level as Citibank. + +It takes a hierarchical system of international finance that up to now has achieved security by limiting access (since that is the main system of trust on our payment systems; you can't get in unless you're vetted) and it turns that on its head and creates a completely flat and decentralized network where every node is equal and the protocol is neutral to any and all transactions. And pushes innovation to the edge of the network. This allows the same phenomenon we saw on the Internet: **Innovation without permission**. You don't need to ask anyone if your application can be published on the Internet. You don't need to ask anyone to completely subvert a new industry with your information technology. With Bitcoin you don't need to ask anyone to invent a new financial instrument, a new payment system or a new service. You can just do it. You can write the code and you are now part of an international financial network that can run that code and put you in contact with millions of consumers. + +It's still early days. We do not yet have the polished interfaces. It's difficult to use. It's used by criminals. It's not exactly easy to see who is using Bitcoin. We've heard all of that before. The Internet circa 1991 was a den of thieves, pirates, pornographers and criminals. Right? But it didn't matter. And it doesn't matter now. And the reason it doesn't matter is because **the same power of the technology that can be used by a criminal to promote their criminal activities can be used by all of the rest of us to do good; to do incredible things all across the world**. And there is more of us than them. + +Bitcoin creates this environment that is ripe for innovation. Because its not just a currency. It's a technology, a network, and a currency. Yes the value has substantially increased over time but we shouldn't focus on the price. If Bitcoin crashed tomorrow morning the technology is still revolutionary. Just like if a website fails on the Internet or an application fails on the Internet, the Internet doesn't go away. So if you understand that Bitcoin is a technology and not a currency you can grasp the importance it has. Yet it should not be about us. It is about the other 6.5 billion people on this planet. It is about the ability to bring to the world a level of financial innovation it has never seen before. It's bigger than a price. Bitcoin can and will change lives. + +It's not going to be easy. When you throw a disruptive technology into the middle of the most powerful institutions on the planet - they don't like it. And right now we're still in the early stages. To use the trite expression "first they ignore you, then they laugh at you, then they fight you, then you win". We're still at the laughing at us stage. And that's quite alright :) Because by the time they get to fighting us they've already lost. Because this technology just went global. There are 193 currencies in the world yet there is now a new international currency; a mathematical decentralized cryptocurrency called Bitcoin. And we're going to build more. Cryptocurrencies are going to be a mainstay of our financial future. They are going to be part of the future of this planet because they have been invented and it's as simple as that. You cannot un-invent it just as you cannot turn an omelette back into eggs. There are many other alt coins out there that use the same basic technology. Bitcoin is the Internet of money and currency is only the first application. At its core **Bitcoin is a revolutionary technology that will change the world forever**. + +A special thanks to [Andreas Antonopoulos](http://www.youtube.com/watch?feature=player_embedded&v=c2CsJ2HMA2I). + +EDIT: Added link to video discussion that was transcribed (but not exact) which also covers other topics such as micropayments. You can also learn all about the protocol [here](https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/bitcoin/v/bitcoin-what-is-it) at Khan Academy. More in-depth discussion with Andreas can be viewed [here](http://www.youtube.com/watch?v=JP9-lAYngi4) (beware of the background noise as it was recorded in a restaurant over a meal) and I also recommend [this](http://www.youtube.com/watch?v=DPiFMuPh1uA) recent interview with TastyTrade covering more financial topics that also refers to the previous video ;) +So Ive been interested in daytrading for a couple years now, Im turning 20 soon, a year ago I just put some money I had saved up on a couple of stocks and fonds, which I have around 40% gain atm. This was just I wanted to do because I didnt know where to start and it would make me kinda forced to get to know the market more, however I didnt really trade anything I just bought and held but now I know more than before. I am a big introvert who just mostly just wants to sit home all day. I hated going to work(still do). I get the worst anxiety can't eat, if I eat at work I throw up. The home is just the perfect calm and soothing environment for me (my safe space). So recently I started trying a little more serious, I started reading a beginners book about daytrading which is nice, because I mostly never tend to make me do anything (depressed fuck). I know the risks daytrading can have I am fully prepared I think, I had an old friend who wanted to become a daytrader but he then later changed my mind which got me thinking, why? is it worth? He told me Its pretty much a shit show if u don't get professional help, almost everyone loses and that longtime investment is the best. I am not sure if I have what it takes but I am willing to try, where do I start guys? And is it worth? 9-5 is eating my brains out, help +18M, A high schooler who'll join a college in 2 months. I'm very interested in Day trading, I read few books like "How to day trade for a living", "Trading for a living", "Thinking fast and slow" and I'm currently halfway through "Trading in the Zone" and I'm confident that I can do well in this business with *PRACTICE* and more proper education, but my question is, how do I manage actual day trading in real market (after practicing from simulators) simultaneously with my morning college classes? + +Do I have to skip some morning classes? should I learn Swing trading instead? (then all my current knowledge related to technical analysis will be useless..).Should I keep practicing from simulators only?( but many say 6 months is more than enough).Am I too early? What should I do??? I can't drop cuz my parents won't let me do that + +Any sort of advice is appreciated! +I might have just lost €10k to a phishing scam. + +I am a f*cking idiot. Today, I opened an email from "Wise.com" asking me to confirm my details and without thinking I entered my username/password/2fa code in the linked site. I suddenly came to my senses and tried to open the Wise app but was promptly kicked out. I immediately called Wise and, after 15 minutes on hold, they were able to freeze my account. They refused to tell me if the attacker managed to withdraw the funds - fraud team will follow up with me. I'm feeling devastated. Any chance I get my money back? + +Be gentle with me. Just needed to share my shitty story. Hopefully, someone else can learn from it. +https://www.cnbc.com/2019/07/29/beyond-meat-earnings-q2-2019.html + +Beyond Meat on Monday reported mixed second-quarter earnings and revenue. + +The company raised its "conservative" full-year 2019 revenue outlook. + +Shortly after releasing its earnings report, the company announced a secondary offering of 3.25 million additional shares, sending shares down 10%. + +Earnings per share: Loss of 24 cents, adjusted, vs. a loss of 8 cents expected + +Revenue: $67.3 million vs. $52.7 million expected +[https://slate.com/business/2022/06/wife-stay-at-home-work-financial-advice.html](https://slate.com/business/2022/06/wife-stay-at-home-work-financial-advice.html) + +Six months or so ago I wrote into Slate's Pay Dirt column. They never notified me that my question was posted, so I only noticed it when I stumbled across it a month or so ago. + +>**Dear Pay Dirt,** +> +>How can I convince my spouse that we can and should retire early? I’ve been married for 20 years, and from day one my wife and I shared a natural frugality. We didn’t even have a reason for some of the frugal (and cheap) things we did, such as setting the thermostat uncomfortably low or declining to go out with friends because of the cost. Over time, we’ve managed to loosen the purse strings and live a much more comfortable life, but our incomes grew even faster than our spending. We’re sitting on a $3 million pile at this point, not even counting home equity or the six-figure 529 college savings accounts we have for our kids. At some point, I discovered the concept of early retirement and later the financial independence, retire early (FIRE) movement. Based on even an extra safe 3.33 percent “safe withdrawal rate,” we can support our current lifestyle indefinitely. +> +>But it turns out that while my spouse and I were on the same page when it came to saving money, when it comes to no longer earning it, we’re at loggerheads. I can’t see why we should keep working for money we no longer need. She can’t see why I would want to stop working when we don’t have a specific plan for what we’ll do with our time. I feel like I can’t even come up with a plan when all my time is more than allocated between work, trying to keep up with chores, raising kids, and a million other obligations. I’ve been working on convincing her to +> +>ADVERTISEMENT + +1. Go part-time herself2. Enthusiastically agree that I can go part-time, even though it’s nearly impossible to do in my industry3. Take three, maybe six months off + +>She’s explicitly disagreed with anything approaching a year, never mind permanent. To add one more complication, I love spreadsheets, but any numbers make her eyes glaze over. Do you have any advice on how I can get through to my spouse? Or otherwise improve my situation? +> +>—Fe FIRE FOMO Fun +> +>**Dear FOMO Fun,** +> +>Your wife needs to understand that you may not have the same feelings toward work and leisure and that you both need to be satisfied with how you choose to live your lives. She may enjoy working, and the idea of having lots of free time might create some anxiety for her. But she needs to understand that you want free time and are not as attached to work. +> +>It may help to see a financial planner together so that you can make sure you’re on the same page about the financial implications of retiring early. Even if your wife hates numbers, she can probably focus on a third-party expert who will explain to her what early retirement means in terms of what you’ll be able to afford to do. They can help ease any anxiety she has about potential financial insecurity. You can also use the opportunity to, at the very least, set a goal for retirement by a certain point. +> +>You also don’t have to retire at the same time, and if you hate it, there’s nothing to stop you from going back to work. Around 1.5 million retirees unretired last year and [reentered the labor market](https://www.washingtonpost.com/business/2022/05/05/retirement-jobs-work-inflation-medicare/). It may help to argue for a “trial” retirement—like taking an extended period of time off—with the intention of revisiting the issue a few months in. +> +>Regardless, your wife shouldn’t try to force you to work when you don’t need to, and you shouldn’t force her to stop working if she doesn’t want to. +> +>Now is the time to have a conversation about what you both think retirement actually looks like for you, and what you want to do with it. That doesn’t mean you have to come up with a formal plan, but you should both have a sense of what your lives will look like once you are retired. The process of discussing this will help your wife envision the opportunities for you to enjoy retirement together more concretely, and it won’t seem to her like a vast abyss of having nothing to do. + +I had also asked this question here on FI, with what I considered mixed results, but different from the answer in the column and definitely different from the commenters on the column. + +To try to summarize some of the comment threads: (most of the comments are about other letters in the article and not mine.) + +* Arguing about whether $3 million is or isn't a lot of money. The majority opinion was that it is not. +* A whole bunch of people channeling Suze Orman's "I hate it I hate it I hate it" rant. "You'll regret retiring early when you or a loved one gets Alzheimer's and moves into a memory care unit that costs $25k/month!" +* One person said I should divorce my spouse and go live in a van down by the river. +* A few commenters basically accusing me of being controlling for trying to convince my spouse of something? +* "You're too old to be taking financial "advice" from Reddit" +* Very few commenters connected my letter to another letter in the column about someone at retirement age with $7 million who couldn't bring themselves to retire. Nobody explicitly drew the connection between "couldn't bring self to retire in 40s with $3m" and "couldn't bring self to retire in 60s with $7m." There are admittedly differences between the two situations, but I'd argue it's pretty much a straight (or hopefully upwardly curved) line of net worth over time between those two points. +With today's CPI release, we can calculate the upcoming HECS indexation factor. This is done by adding the four most recent CPI index numbers (465.7) and dividing this figure by the sum of the preceding four CPI index numbers (463), giving an indexation factor of 0.6%. +I've done A LOT of searching for statistics and numbers on things like median tax refund, median income, median corporate taxes, local poverty lines, market trends, etc... + +It seems nearly impossible to escape the blatant political coloring, intentional misdirection, and out right lies in things that should be a simple, what are the numbers at the IRS. + +I am having trouble trusting any sources I come across and I'm looking for decent sources that don't tend to have much political bias. I'm also asking for recommendations on journals. If I am looking for something in Biology I can look to ncbi, for my sr research in physics I used a lot of nature's articles and NIMPR, but for the life of me I can't find a good journal or general economics news source that discusses the topics I mentioned at the start. + +What are some good sources? Any and all help here would be much appreciated! +Hi all, this seems to come up a lot with people explaining the productivity / wage gap with "capitalism is broken" or similar answers. What causes the productivity / wage gap? Is it a problem? +"The Mexican government proposed to the United States government in 1990 that it negotiate with Mexico a bilateral agreement similar to the FTA. The U.S. government agreed to this request – it was supportive of the process of economic liberalization in Mexico and hoped that other countries in Latin America might be encouraged to go down the same liberalizing path. Canada then made a proposal that it be a third signatory to +a multilateral agreement (NAFTA), on the grounds that separate bilateral agreements with the United States would give the United States an unfair advantage as the only country with enhanced access to all the others." + +[Source: Bank of Canada](https://www.bankofcanada.ca/wp-content/uploads/2010/01/tr70.pdf) + +Why is it so disadvantageous for Canada and Mexico if they have separate bilateral trade agreements with each North American country? +I realize that premiums were rising before the ACA. Is it really the HMOs who are making out like bandits? Hospitals? Doctors? Or is it the bump in old people due to aging baby boomers? Were the uninsured sicker than we anticipated? A little of all of this? +I know that wealth is not a finite pie and that it can grow as we have more resources to get that out the way first. + +I often hear people say that Bezos could sell all of his Amazon stock and end world hunger. (I don't want to hear anything about liquidity, we're just assuming he has successfully sold all of it). + +Now the part that confuses me is that all Bezos is "hoarding" is ownership of companies, mainly Amazon. If he was a billionaire because he was hoarding billions of dollars worth of food, I would easily understand how his wealth was causing world hunger. But him selling all his stock wouldn't cause there to be any extra food in the world. + +So my three questions are, if he put all of his money towards ending world hunger could the sheer amount of it hire enough farmers to grow food for everyone and transport it where it needs to go? + +Would the average person be better off if he sold his shares and gave it away? + +Finally, he cant just sell his shares and make money appear out of thin air. Other people would have to give him the tens/hundreds of billions of dollars in exchange for his shares. So theoretically we could cut out Bezos and those people could just end world hunger? +From what I’ve heard users say on this subreddit, it is a fallacy to claim that increased immigration will depress wages because more workers doesn’t necessarily mean decreased wages. + +However, even if wages do go up during an influx of immigration, would the wages be even higher had there been no increase in immigration? Can immigration have a positive affect on wages, and if so, why? +I have been studying economics on my own. I’m not claiming to be an expert or anything, but when I post a question or comment and receive several answers from several people, it’s like holding several debates. I would like to talk with somebody individually to discuss economics. I feel that would help me learn better than trying to type endless answers to endless questions, it’s like trying to kick field goals through several moving posts. How can I do this? +Basically as the title implies, is the fed acting the same way when stock markets were dropping in the past. Not to say this is a crash on the scale of 1929 or 1987, but certainly the fed would take the same action, right? +Hello, everyone. I hope I am posting this in the right place. + +I am a senior English (and theatre) major with a minor in linguistics, and I was wondering if there was any hope for me to transition into the field of economics this late in the game. I know it seems ridiculous to have such a sudden shift, but my interests have changed substantially over the past year and a half, and I have only recently come to terms with this. After spending a long time researching and reading within the field, I have realized that I would be happier working in a field related to econ, particularly as my career aspirations have changed from doing miscellaneous art and writing endeavors to working in think tanks, policy analysis, and finance. My concern, however, is that I do not know if this is feasible anymore. + +I am not sure if it is possible to get into the field at this point. My understanding is that a master's in economics is very math intensive, which is not a significant concern because, despite my choice in a major, I have always enjoyed math, and I think I can catch up in that regard if I am provided the opportunity. I also fear that I will be missing out of certain qualitative elements found within an undergraduate economics program if I skip straight to a master's. At the same time, I am also aware that getting a third bachelor's is quite excessive and may be ridiculous. Is it possible anymore? +I was taught in high school that there are 4 main economic systems: the planned economy, the market economy, the barter economy, and the mixed economy. + +Surely there are others. I know these 4 probably have a lot of variations and subcategories. There are probably hundreds of types of mixed economy. I'm not interested in the different variations of these 4 types. + +I'm wondering if there is such a thing as an economic system that doesn't fit into these 4 categories. It could be something that exists in real life or just in theory. Does anybody know of such an economic system? +I understand why people use Bitcoin, but I just have a hard time pinning down the main reason(s) why Bitcoin has been rising so fast lately. Last month it was $7K. Then it hit $10K a couple days ago. And now it's $14K. Can any of you fine economists explain in layman's terms? +After reading a few books on economic theory I’ve tried to develop a better understanding of economics. To this end I’ve been studying from university textbooks (I have a background and in programming so the math isn’t too bad), as well as reading through some (simpler) research papers of my favourite economists. While I won’t pretend to have 100 percent understanding of it, I’ve been getting a good general grasp on it. + +What I want to understand is what I am lacking in this approach (as it likely isn’t going to substitute for a university education). I will definitely be weak on the side of syntheses and writing even though I follow the outlines assignments in the textbooks, and have been looking to figure out a way to improve in that respect. I wanted to know what else I may be missing, and perhaps how I could improve in those areas. + +Edit: I would just like to add that I am only starting out in doing this (for the last month and a bit) so I will be naive to the field. +Also, would it be better to have local minimum wages instead of state/federal by having the federal government mandate that local cities have a minimum wage at a fixed percent of the average/median wage? + + +Does the federal government have the authority to do something like that? + + +Would it make everyone better off if we replaced the minimum wage with welfare programs to remove distortions on business behavior? +Hi all, + +My friend/former econ professor reached out to me and asked me to speak to his macro 101 class tonight. + +I was an econ major that just graduated in May, and while I currently don’t work in my field per-say (I work in workforce development for the government), I did land a great job right out of undergrad, and am in line for a promotion to an economist position. + +I have a few talking points outlined, but I want to add more. + +If you had the opportunity to speak to a room full of 18-19 year old economics/business school majors, what would you tell them? What life advice would you give? + +Thanks! +I remember being taught that GDP counts new items produced In a year and sold that year, so I initially think “no” is the answer. I also remember Double Counting being a hard “no” (as someone already bought that book 10 years ago). But does adding the used book to my Amazon inventory count as a “new” product ? Does the fact that the sale is recorded and taxed have any effect on the decision to include or exclude it? +Thank you for your time! +Any reading recommendations are appreciated as well. + +This effort was started on the point that quantitative easing could then be given out directly to the people instead of a private bank(s). +To me the idea of infinite growth in a finite world seems very unrealistic, looking at which fast rate we exploit our earthly resources I think there has to be a system that doesn’t collapse if it doesn’t grow. What could such a system look like? +Let's say for example, the USA gives 1000000 random people $1000 in kazakhstan. Most of these people will be working class and use the money locally to better their lives, thus improving their countries' economy. + +Just to make it easier, lets say it was all done secretly. The money was printed and nobody knows. I'm failing to see a downside to this... surely this wouldn't cause inflation in the USA, since most of the money will stay circulating in their home country, at least for a significant period of time. + +My point, we should be randomly gifting people in poor countries to aide lifting the world out of poverty. +I'm currently reading Capital in 21st Century and Piketty's case that r>g in fact the baseline reality of capitalism, absent the complete destruction caused by two world wars, was very compelling to me. + +I don't want to slide into dogma but as per most economists is this true? + +Is there a theoretical basis for this? + +If not, could r>g become a reality in the future? +I understand that the multiplier is the extra utility that a consumer gets from a extra dollar of consumption. In that case, since the more we spend on a "bad" good, the lesser utility you should have. Does this then mean that we can have a negative Lagrangian multiplier in this case? +For example, if inflation jumped above 2% then taxation thresholds would be lowered and personal allowance decreased but rates would remain very low. Feel free to play around with the scenario. +I saw this post + +https://www.reddit.com/r/ottawa/comments/vgpgav/how_are_you_supposed_to_live_here_on_1500_per_hour/?utm_medium=android_app&utm_source=share + +And I wondered what, exactly would be the result if everyone's wages were raised to make such properties more affordable. Everyone would be able to afford more and out compete each other and raise rents even more? + +That would presumably have an impact on already rising inflation? + +And you can't artificially lower prices because the owners and landlords have mortgages and other loans, would it destroy the entire system? Especially with high interest rates to combat inflation. + +I'm not Canadian but it seems like high property prices and inflation are problems in every developed country, in the big cities, we're all so interconnected now, so I presume an answer here will work in New York, London, or Sydney? + +So what can be done? +When modeling an economy, consumer behavior, and other related systems, is the perceived value of money by an individual considered? For example, Joe who makes 20k a year is likely to place a higher value on a 20 dollar bill than Sally who makes 200k on top of investments. + +In theory, couldn't you sell Sally a hammer for $30 (that might cost $5 to make) instead of selling a similar hammer to Joe for $15 (that costs $4 to make)? I know in my own life as I've moved up the class ladder my perception of cost vs value has changed. How do you account for this in models? If this has been studied, does it reduce down to a simple principle, or does it add significant complexity? + +I'm interested in economic principles and their relationship with actual/perceived inequality...and since this question seems related to both I'm curious about how it shakes out by the numbers. +I’m looking for any type of book, it doesn’t matter whether it is radical (currently reading Kropotkin f.e.) that you would recommend. + +Not looking for a list of JUST liberal literature. I’m looking for different views on economics. +The question is pretty much the title, I never saw a debate about an institution with certain autonomy degree, responsible for setting taxes rates. Would it be a bad idea? +Hello! I'm an idiot who knows nothing about economics. + +&#x200B; + +However, I recently had price ceilings and price floors explained to me (namely: why they are terrible for markets and oh god why do governments ever think they're a good idea). I ALSO had flexible and inflexible demand explained to me. This all culminated in me having a big old question about disincentivising fossil fuels. + +&#x200B; + +If demand is fairly inflexible, why do governments try to decrease use by taxing it? Surely that would make no difference? + +If we want to encourage companies to stop producing fossil fuels, why don't governments implement price ceilings? + +&#x200B; + +Surely this would decrease profits for the oil companies, encouraging them to invest elsewhere. If the demand for fossil fuels is fairly inflexible then surely, even though the price is lower, people wouldn't actually burn more fossil fuels. A policy like that would create fossil fuel shortages, as the companies are producing less... If you pair that with subsidies for green energy and transportation, surely the unreliability of fossil fuels would encourage consumers to go green instead? If the subsidies were well managed it wouldn't be more expensive, either... In fact, large energy companies would probably see the profits that could be made there, and competition/investment in green energy would increase and drive the prices down? + +&#x200B; + +I've not managed to find any arguments against this, but, like I said, I am an idiot, so I'm probably wrong. I just want to know WHY I'm wrong... + In his classic 1956 article Solow proposed that we begin the study of economic growth by assuming a standard neoclassical production function with decreasing returns to capital. Taking the rates of saving and population growth as exogenous, he showed that these two variables determine the steady-state level of income per capita. Because saving and population growth rates vary across countries, different countries reach different steady states. Solow's model gives simple testable predictions about how these variables influence the steady-state level of income. The higher the rate of saving, the richer the country. The higher the rate of population growth, the poorer the country. + +Now of course population growth does ‘grow’ gdp but does it grow gdp per capita and raise median incomes? +https://www.reddit.com/r/animation/comments/7qd2vl/how_much_would_animation_like_this_cost_per/dsoogz3/ + +When people say in casual conversation that some job is underpaid, what exactly does that mean? + +Is it just some silly emotional idea with no real useful meaning, or are there economic reasons why a particular job might be "underpaid"? +Why is economic inequality a problem that needs to be solved by policy, and is inequality best thought of in terms of income, wealth, consumption, or some other metric? +Hello mi amigos economistos + +So, while reading a book on findings in the field of decision-making in psychology, I stumbled across the Prospect Theory. +http://www.princeton.edu/~kahneman/docs/Publications/prospect_theory.pdf + +In a nutshell: + +1. Choice between A) 4000 with probability 0.8 and 0 otherwise B) 3000 with probability 1 + +2. Choice between C) 4000 with probability 0.2 and 0 otherwise D) 3000 with probability 0.25 and 0 otherwise + +In the first question 80% choose B, in the second - 65% choose C, implying: + +0.8u(4000) < u(3000) +U(3000)/u(4000) > 4/5 according to the first choice, but the reverse inequality according to choice C in the second question. So the expected utility theory is violated here, and the authors attempt to present a solution for the contradiction. + +It appears to be more consistent with our psychological biases (+ the authors received the Nobel Prize in economics for it so it’s more-or-less legit). + +I’m a final year economics student, and was pretty shocked when encountered it. Why isn’t this taught at unis? Are there any popular applications of the theory? + +In [this](https://www.youtube.com/watch?v=3HdmA3vPbSU&t=13s) short documentary, the current monetary system is presented as a debt bondage - a modern slavery. Namely, the goldsmith, which in a contemporary society is a commercial bank, distributes the medium of exchange (money) with a 9:1 fractional reserves ratio, by loan placement. The caveat presented in the video is that the debt principal is issued with 5% interest rate, however the interest has never been created and released into circulation, therefore it is impossible to return both - the principal and the debt, creating a vicious circle where one has to borrow ever more in order to meet his obligations. + +If we observe the FED balance sheet [total assets](https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm) we can notice it is, *in general,* constantly increasing, compensating for the ever increasing population and ever increasing debt. However, there are some periods when the FED tried to shrink the balance sheet, for example in 2017-2019 period. + +If we look at the FRED Economic Data, the same can be observed for the [Monetary Base](https://fred.stlouisfed.org/series/BOGMBASE). However, if we observe the [M1](https://fred.stlouisfed.org/series/M1SL), [M2](https://fred.stlouisfed.org/series/M2SL) and [M3](https://fred.stlouisfed.org/series/MABMM301USM189S) money supply, and [Currency in circulation](https://fred.stlouisfed.org/series/CURRCIR) it can be noticed that those aggregates have constantly been increasing with no downhill direction. + +Based on these observations I'd like to start a discussion in order to better understand the monetary system. + +First of all, what are your thoughts on the documentary? Does the current monetary system indeed makes majority of the people debt slaves or the documentary makes a false premise? + +Further, what's the difference between FED total assets and monetary base? Are they any related or completely unrelated aggregates? How the M1, M2, M3 and Currency in circulation can be growing while FED total assets (and monetary base) have been shrinking? Is there any relation, or completely unrelated? And finally, if the M1, M2 and M3 aggregates have been constantly increasing, therefore, increased money in circulation, how come we suddenly need a QE? That being said, why do we suddenly need to increase FED total assets, if we can simply increase money suply via M1, M2, M3? + +Further observations: Begging 2020, after a massive QE, FED total assets increased more than 2-fold, M1 increased almost 5-fold, while M2, M3 and CIC increased barely 20-30%. +In high school, I learned that it was supply and demand that determines the price of an object. The equilibrium point where both lines intersect ends up being the market price. With some exceptions (e.g. monopolies, infinite supply, etc.) + +However, my father says that is completely wrong. He says that it is the base cost to produce the item that determines the price of the item. Stuff like materials, wages to produce the product, facility costs, R&D, and so on. + +What is the correct answer? +I see libertarians and anarcho-capitalists talk about it sometimes as if it is an ideology, which seems weird for something that is ostensibly a branch of a science. What makes it different from mainstream economics? How are its proponents seen in academic circles? +I'm a fellow at the foresight field researching alternative economic systems. I've come across biophysical economics (thermoeconomics) and find it similar to complexity. How seriously is it taken in the field of economics? Are there use cases where its ideas/concepts/maths are useful? +I've heard many times that private interests established and benefit from central banking but if this is true how does that actually work? + +For example, my understanding is that the Federal Reserve pays only 6% dividends to its private shareholders and the rest goes to the Treasury. There does not appear to be much private benefit there. + +Is it that they can get money cheaply from the fed and then lend it out for greater profits? That makes sense but if there were no central bank at all couldn't they simply make the money themselves when they issue loans without the reserve requirements and bank rates that central bankers impose? +We often see some of the greatest developments in culture, economics, technology and invention happen in western culture like the art like Picasso, DaVinci, philosophy, physics like newton and Einstein, biology like Mendel, automobile, vaccines, airplanes, rocket ship, space travel, Silicon Valley, etc. and through that, western culture has created some of the greatest economies in world history. + +Why has western culture developed such progress while many of the other countries in Africa, Latin America and many eastern Asian countries? Can we blame that on western conquest of so many cultures? But even so, how did western culture become rich and powerful enough to do that? +Unemployment rate is going back up, especially in California where there is a stay at home order and no outside dining restaurants allowed due to pandemic and Stock market is still very volatile. + +Pandemic unemployment will run out at end of December and student loan borrowers will have to pay student loans again at end of December and so many small businesses are closing and no stimulus. What are your thoughts on the economy for 2021? +I see libertarians and anarcho-capitalists talk about it sometimes as if it is an ideology, which seems weird for something that is ostensibly a branch of a science. What makes it different from mainstream economics? How are its proponents seen in academic circles? +I'm struggling to find any good studies on this past the 1980s, does anyone know of any? + +I'm expecting the answer to be no in monopsony and yes in more competative markets but I don't know if that's correct and I don't have any data to back that up. + +Another interesting question would be unions affect on economic growth and wages. +If there is one book you would recommend for me to read to learn **the most up-to-date, ACCURATE** ideas on **macroeconomics**, especially on things like the cause for the **business cycles** and solutions for it + +which book would you recommend? + +I'm new to economics and every recommendation would be a HUGE help!! +I know Python and am choosing a platform to start trying algorithms with. Which of the two (or any other) platform would be best for backtesting, paper trading, and live trading? +Hey guys, with the shelter in place order I've had some time to learn programming, and have decided to build a trading algorithm. + +I have found there is a lack of free high-resolution price data, so for my first 'real' project, I built a program that scrapes live price data from Yahoo. + +The program is written in Python and uses pandas, yahoo\_fin, and apscheduler to scrape the price (and other variables) of an asset every X seconds and then after Y iterations, it saves it to a csv. + +Feel free to use the program! I just want some feedback and suggestions in return! + +Code: + +`import pandas as pd` + +`import io, csv` + +`from io import StringIO` + +`from yahoo_fin import stock_info as si` + +`from apscheduler.schedulers.blocking import BlockingScheduler` + +`from datetime import datetime` + +&#x200B; + +`count = 0` + +&#x200B; + +`d1 = {'Time':[], 'Price':[],'Bid':[],'Ask':[],'Volume':[]}` + +`df1 = pd.DataFrame(data=d1)` + +&#x200B; + +`def GetData():` + +`global count, df1` + +`d2={'Time':[`[`datetime.now`](https://datetime.now)`().strftime('%H:%M:%S')],'Price':[si.get_live_price('SPY')],'Bid':[si.get_quote_table('SPY')['Ask']],'Ask': [si.get_quote_table('SPY')['Bid']],'Volume':[si.get_quote_table('SPY')['Volume']]}` + +`df2 = pd.DataFrame(data=d2)` + +`frames =[df1,df2]` + +`df1 = pd.concat(frames)` + +`count = count + 1` + +`print(df1)` + +`print(count)` + +`if count == Y:` + +`title = 'SPY_'+`[`datetime.now`](https://datetime.now)`().strftime('%Y-%m-%d')` + +`filename = title+'.csv'` + +`path = 'Input path to where you want to save the csv here'` + +`df1.to_csv(path+filename)` + +`sched.remove_job('job1')` + +&#x200B; + +`sched = BlockingScheduler(max_instances=2)` + +`sched.add_job(GetData,'interval', seconds=X, id='job1')` + +`sched.start()` + +Hope you find this useful! + +Edit: Reddit messed up the indentation here is a photo of the correct format. + +https://preview.redd.it/tuwdpkw7dns41.png?width=753&format=png&auto=webp&s=dba1fd7fe800533a30a57764a5938d7633f4057b +My boyfriend and I have been together almost 2 years. We live together and recently bought a parcel of land in my hometown, so we have a shared asset and about $50k in shared debt. I realize it was stupid of me to agree to this purchase and debt with him, but I believe now that he manipulated me into purchasing this with him to share the expense. + +My biggest struggle right now is the financial aspect of the breakup. Again, I know buying land with him was stupid. I know taking a shared loan was also stupid. Our current financial picture is this: We owe $5K on a shared line of credit. Both names are on this loc and it is tied to my online banking so I am able to make changes to it without his knowledge (until he receives a statement). + +I (we) owe $25K on my student line of credit. 100% of this is the cost of the land, as I had no student loans remaining when I graduated. This is entirely in my name, although 20K could be transfered to the shared line. The only reason it's on my student line is because of the lower interest rate. + +He (we) owe his parents $10K. This was also part of the land purchase, but his agreement with his parents is that he is fully responsible and they will not ask me for anything. + +We own a 2.5 acre lot worth approx $50K although it's likely not going to sell any time soon. I would be interested in keeping it to build on in the future, but I don't know if I can afford to buy out his half. He paid $10K from his savings, and I paid nothing for the lot having just finished university. + +We also own a "tiny house" worth approximately $10K. The plan was to live in it on our land until we could build, but that is no longer an option due to town by-laws and busy bodies. I could probably rent a corner of land from a farmer to park the tiny house on to live in and still satisfy the by-laws. + +Currently we are living in a house we rent from my parents. I can't afford the rent on my own, and my parents can't afford to give me a break on the rent. I have family I could move in with if need be until I get on my feet. + +I earn 30K per year and still attend school in the evenings (part time). He earns close to 90k and owns two other properties. + +He is leaving for a hockey tournament tomorrow, and my parents are coming to town for the weekend. I'd really like to sort everything out while he's away so I'm prepared when he returns. What do I do? +Example: [tx1](https://blockchain.info/tx/06c9e17d7a8bdb7424b4c908fc01e615b9b50b87beaa58fc18d2affb825ce4f2) double-spent by [tx2](https://blockchain.info/tx/f14296b978c3ab34da7d9de42438e710c5c01def03409d640983405305f24494) + +How did I do that? Simple: I took advantage of the fact that not all miners have the exact same mempool policies. In the case of the above two transactions due to the fee drop introduced by 0.9 only a minority of miners actually will accept tx1, which pays 0.1mBTC/KB, even though the network and most wallet software will accept it. (e.g. Android wallet) Equally I could have taken advantage of the fact that some of the hashing power blocks payments to Satoshidice, the "correct horse battery staple" address, OP_RETURN, bare multisig addresses etc. + +Fact is, unconfirmed transactions aren't safe. BitUndo has gotten a lot of press lately, but they're just the latest in a long line of ways to double-spend unconfirmed transactions; Bitcoin would be much better off if we stopped trying to make them safe, and focused on implementing technologies with real security like escrow, micropayment channels, off-chain transactions, [replace-by-fee scorched earth](https://bitcointalk.org/index.php?topic=251233.msg2669189#msg2669189), etc. + +Try it out for yourself: https://github.com/petertodd/replace-by-fee-tools + + +EDIT: Managed to double-spend with a tx fee valid under the pre v0.9 rules: [tx1]( https://blockchain.info/tx/bec82fb5e61b9c6caf20207aeaafe69517e4609b13aa5e6511c4370a311d65f8) double-spent by [tx2](https://blockchain.info/tx/9d52f8de34f0f27d4f7c417adda0c738dca51c29c58067cf2eac37cb439472b1). The double-spent tx has a few addresseses that are commonly blocked by miners, so it may have been rejected by the miner initially, or they may be using even higher fee rules. Or of course, they've adopted replace-by-fee. +NOTE: Automoderator is being a jerk and so I am manually approving Econofact's answers. - JH + + +**AMA: TODAY! Wednesday April 25th, 3\-5 PM** + +Michael Klein, u/MKleinEF, and the Econofact team will join us from 3\-5 pm on Wednesday the 25th of April to engage with this community. Let's make this AMA awesome. + +***What is EconoFact?*** + +EconoFact bridges the academic/policy divide by publishing short memos by economic professors on policy\-relevant issues including international trade, immigration, social safety net policies, labor markets, tax policy, financial markets, and a wide range of other topics. We launched EconoFact in late January 2017 with 6 memos and 20 economists and today, after 14 months, we have published over 100 memos and have 70 economists in our network. You can see the EconoFact website [here](http://www.econofact.org). The landing page presents a short version of memos, and you can see the full memo by clicking on the title or the “Read More” button. You can also search for memos by topics by clicking on the “Topics” button on the top of the landing page. + +We'd love to chat today about the goal of Econofact, pieces that we have done, the impact we have had, what the role of fact\-checkers is in economics, policy, and politics, and love to hear your questions on topics you'd like us to address today or in the future, what misconceptions about economics we have encountered, what you think we should shoot for doing in 2018, and anything else related to facts regarding economics. + +*Here are some links* + +* For an introduction to [EconoFact](https://www.youtube.com/watch?v=bo3Eyl3x3CM&feature=youtu.be), see this short \(four minute\) video with James Stavridis, Dean of the Fletcher School at Tufts University. +* Michael Klein had a longer [discussion](https://hkspolicycast.org/econofact-da129ca75fc0)\(about 24 minutes\) about EconoFact in an interview for Harvard’s Kennedy School’s Policy Cast podcast +* You can find us on: + +* Twitter : [@EconofactOrg](https://twitter.com/econofactorg?lang=en) +* Facebook : [@Econofact](https://www.facebook.com/econofact/) + + + +Are you interested in helping out with EconoFact? We are looking for people who can help generate graphs and figures, people who can track our impact in social media, and people who can help edit our memos. You can contact us at contact@econofact.org. + + +Currently, my trading system involves me pulling several different plays and tickers from a few traders that that I personally look up to, and believe are great traders. I do my own DD on the plays, along with technical analysis. I never enter a play I don't understand. I also do my own entries and my own exits based off the system that I have. However, I do not find these plays myself. I have the ability to find other plays, but personally I just pull my favorite plays off of several different watchlists. Is this an unhealthy habit for me to have? I have been consistently profitable with this method and it works, but I just want to see if this is something other traders do as well. I know others pull trades from others watchlists, but I do not know if people only strictly play tickers from other watchlists. + +Sorry if this is a dumb question, just something I had in my mind! +Watch List 2nd Feb 2021 + +The market appears to been strong today following on from yesterday’s move. A lot of names are currently gapping up and QQQ’s is showing some strength. + +Today there are a lot of set ups and these are some of the names I’m watching. There’s more on the list but I don’t have enough time to type everything up. Main set ups in play are ATH break outs, Daily Breakouts, Low Volume accumulation breakouts. + +$SNAP - We took snapchat yesterday for a break into ATH. I still have my full position. With snapchat smashing earnings last quarter a run up into earnings (4th Feb) was to be expected. Today I want to see it break 58 and hold. If we can do this I’ll cash some profit and look to take more off at 60. It’s currently testing ATH pre market. + +$DKNG - We’ve been watching this name some time now and I’ve mentioned it over and over again. It’s consolidated really nicely with dips under 52 being quickly brought up. Last night we saw ARK investment disclose a purchase in DKNG causing the stock to gap up. For me to be interested I want to see this hold over 58 with strong buying volume. If this happens we will add to our position. I don’t want to see this below 56 at all. + +$CIIC - We also took this yesterday on it’s range break. The price had ben getting compressed for some time and consolidated nicely around the 26 level. For a trend reversal and a potential move to ATH in the next few days it’s important 28 acts as support. Our key level to break for the ATH play is 32 so it has some work to do. My average price from yesterday is 27.22 and my sl is 25.84 + +$MP - Another name we took yesterday. This is more of a daily break out play. The 28 level held extremely well and it was clear there was a lot of buyers present at this level. With lithium plays coming back into the mix I felt this was a perfect time to get entry. MP materials currently manufacturers a lot of rare earth materials used in both EV’s and renewable energy. I highly recommend you do some research on them. + +$JMIA - This is a much trickier play as it’s already on an aggressive move. I like the consolidation it had after the gap up into 56 region and we’re now seeing it gap into ATH pre market. It’s extremely important that this holds 64 and starts to move quickly to even consider an entry. If you’re not experienced please don’t attempt this trade as it requires a laser entry to get the correct risk to reward. + +$PDD - We’re gapping over it’s most important level here at $180 with ATH within reach. It’s also been making lower highs for the past week showing plenty of buyers present. Over $187 we have no real resistance here. + +$GOOGL - We saw a very aggressive bounce yesterday from that $1,800 support and are now gapping into ATH. For us to break out it’s important QQQ’s is also bullish. Remember these names present a lot of weight in market. + +$MSFT - Very similar ATH set up as Google. + +$XL - This is an accumulation breakout and it’s starting to look real nice. We’ve seen accumulation and support at the $20 region for a month now. Every dip under $20 is quickly Brought showing plenty of buyers. If $20 holds this is a definite entry for me with a SL just beneath. A break over 24 in coming days can start a complete trend reversal. + +$GPRO - GoPro is breaking out of a 4 year range thanks to a run up on earnings and patent news. These trades are much harder to get positioned in however if we break and hold 12 things can get very interesting. I would only be interested in $10.50 holds and if RVOL is extremely high. + +$SKLZ - We’re starting to see a lot of interest in the gambling sector and this is another good candidate. The daily range is getting tight and we’re currently making high lows. I’d love to see this break and hold $29 on volume where we could then expect a more aggressive breakout over ATH. + +$BEAM - A similar set up to the INO trade we took yesterday. Thanks to the explosive moves of NVAX we’re seeing a lot more interest back in these names. A break and hold of 101 here could spark a very aggressive move and a trend reversal. Remember this is a BIO tech so if I take an entry i’ll sell most before close. + +$EDIT - Similar to the BEAM play. A hold over $64 looks good for a trend reversal but it must be on high volume and 64 must hold. + +$FUV - Another great potential ATH break out play. Really nice consolidation after it’s previous run up. With the daily making higher lows. An aggressive break of 24 on high volume is an extremely clean trade. + +Remember that the stock has to play out the way intended for me to take the trade. These are just things I am looking for to take the trade. + +Stay safe, don’t over risk, stick to the plan and remember no emotions. +1. Don't think you can buy success either from a course or from expensive software. There is nothing being taught that is not available for free on YouTube. Stock scanners are like watches it doesn't matter how much they cost they all tell you the time. Buying a 'successful system' is like buying a chicken that lays golden eggs, a joke. +2. Recognise the enormity of what you are trying to do which is 'beat the market' the same as billion dollar hedge funds, are you qualified to get a job with one of those or at Goldman Sachs? Nah. +3. CNBC & the whole financial media don't know shit about shit. The only people that know what's going down are the insiders. The only way you can ever know is through the chart the chart never lies. +4. You're going to need at least two full years of screen time (watching charts all day) minimum. + +Never paper trade unless it's to learn the platform. Use small size, 25 shares for example you just need skin in the game. You need to find your niche and stick to it. Find stocks the night before and do your research be ready and waiting for the open with a plan. Don't just dive into stocks that popped up on your scanner 5 minutes ago. Don't ever go 'all in' then 'all out' size in size out. + +You need to be self-aware, If you are mentally lazy you have zero chance of being profitable at trading it's like being tone-deaf and taking piano lessons, a waste of money. + +Years ago it was easier to beat the market now every man and his dog know the patterns and have access. You're trading against the best of the best and algos, and they are trading the traders (you) + +Hope these tips give an indication of what's ahead. If I had known what I would have to go through when I started I never would have, I was lucky because I was able to focus on trading 100%, full time for 4 years and counting, no Lambo but consistently making more than I lose. I have no course to sell no website no motive other than being at home bored on xmas day. + +Good Luck! +Hello all, + +I make 40k a year which resullts in 2110$ montly net income. (30k annualy) + +Here is my budget and I am not sure where to cut to save more... or how i can achieve FI... + +https://i.imgur.com/SajcZU8.png + +I actually believe I live quite frugally... 630$ for renting here is a okayish 3.5 appartement. + +Even saving for a house is quite depressing... at 210$ a month... it will take m years to achieve that... +Basically the sec is now stalling. It’s becoming very apparent Jay Clayton went ahead with this lawsuit prematurely and without concluding an investigation. The guy literally did it on his last day. + +The court has ordered the SEC to hand over documents regarding Eth and BTC twice and they still haven’t done it. The sec is starting to look like a complete embarrassment. But ripples fair notice defence is where they can win at summary judgment. + +The sec had 8 years to bring the case forward. They had 8 years to help crypto but instead Jay Clayton filed the lawsuit on the last day. Ripple are now saying they did not have fair notice. The SEC sat on their hands and didn’t assist crypto in anyway. If ripple win the fair notice defence that means the SEC cannot go after the OG cryptos. They fucked up, by sitting aside and doing nothing they have essentially dug their own grave. +I found this chart yesterday: https://s3-us-west-2.amazonaws.com/maven-user-photos/mishtalk/economics/zmfATcSa4EegwR7v_znq6Q/3f2du0RTeESGgvUnLqm2iQ + +I think it's interesting because we know that a large catalyst of the crash in 07 was poor lending standards. Of course that trickled into many other financial tools, overextending credit, etc.. and when one domino fell they all started to. + +The housing market has been on one hell of a run, and it seems like every few days a post will pop up about a 'top' or 'crash' that seems to be coming next quarter. While that may happen, it certainly seems like it won't be for lack of higher lending standards. Creditworthy borrowers with excellent and very good credit ratings seem to be buying up more and more market share of the homes listed. + +Also it seems like if there is a 'top' it would be pretty muted, perhaps a slowdown or plateau. But I'm interested to know how others would interpret this data. + +I am a home inspector in FL that conducts 10-15 Windstorm and 4 point reports weekly (in addition to home inspections). Is there any justification to thinking a pullback in the real estate market could be triggered by constant rises in home owners insurance? Every customer faces some sort of short coming in their reports leaving them to replace a roof, garage door, windows/doors (impact rated) IN ADDITION TO premiums increasing sometimes double year over year since 2020. It’s an expensive trend that in tandem with the rising home prices that i ultimately wonder could “the insurance system” take a stab causing a market drop? +bill text: [http://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill\_id=201920200ACA11](http://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=201920200ACA11) + +&#x200B; + +So apparently prop 19 passed. I'm trying to figure out how they are actually calculating new values. + +The text reads: + + (A) The taxable value of the family home, subject to adjustment as authorized by subdivision (b) of Section 2, determined as of the date immediately prior to the date of the purchase by, or transfer to, the transferee. + +(B) The applicable of the following amounts: + +(i*) If the assessed value of the family home upon purchase by, or transfer to, the transferee is less than the sum of the taxable value described in subparagraph (A) plus one million dollars ($1,000,000), then zero dollars ($0).* + +(ii) *I****f the assessed value of the family home upon purchase by, or transfer to, the transferee is equal to or more than the sum of the taxable value described in subparagraph (A) plus one million dollars ($1,000,000), an amount equal to the assessed value of the family home upon purchase by, or transfer to, the transferee, minus the sum of the taxable value described in subparagraph (A) and one million dollars ($1,000,000).*** + +&#x200B; + +so for example if you have a house that was bought at 500k in the 90's, and due to 2% increase every year under prop 13 is currently has a tax basis of 1 million dollars. If the Fair market value is 1.9 million currently then does that mean 1.9 million - 1 million = 900k which is less than a million and thus there is no increase in the tax basis? + +&#x200B; + +Say the house Fair market value is 3 million. Is it then 3 million -1 million = 2million and you pay stepped up taxes on 2 million or is it 3 million - 1 million (original tax basis) - 1 million = 1 million increased tax basis? + + + +Also how would the homeowners exemption work? Do you need to live there for 1 year or you need to live there forever? The text is very ambigous: + + + +5) (A) Subject to subparagraph (B), in order to receive the property tax benefit provided by this section for the purchase or transfer of a family home, the transferee shall claim the homeowner’s exemption or disabled veteran’s exemption at the time of the purchase or transfer of the family home. + +(B) A transferee who fails to claim the homeowner’s exemption or disabled veteran’s exemption at the time of the purchase or transfer of the family home may receive the property tax benefit provided by this section by claiming the homeowner’s exemption or disabled veteran’s exemption within one year of the purchase or transfer of the family home and shall be entitled to a refund of taxes previously owed or paid between the date of the transfer and the date the transferee claims the homeowner's exemption or disabled veteran’s exemption +Posting on mobile so apologies for the formatting. Wtf does this even mean? Why is it risky on Xetra (ticker GS2C) but not NYSE? I tried asking for more details and they just closed my support ticket. I'll try opening a new one. Does anyone have more info on this? They silently applied this restriction. + +https://i.imgur.com/BTqHL6Z.png + +Edit: this is from last week at least! I made a post today because I just got their clarification response. Initially I was told "GS2C stock is held by NYSE" - what?! https://i.imgur.com/wVJo7pD.jpg + + +Edit 2: to everyone saying Saxo never offered GS2C, why did the CS rep say "not tradeable NOW"? Does anyone have GS2C shares on Saxo?? GS2C is still listed (https://i.imgur.com/HqajZHu.jpg) and it only throws an error when placing a new buy order. + +Can whichever mod flagged this as "inconclusive" explain why? See the screenshots with the response from customer service saying "no longer tradeable" and "not tradeable now". What's inconclusive? +Hi all, + +I'm joining a new company that matches up to $1k annually for 529 contributions. I don't have kids or niblings yet, and I would love to be in a position to help out. I am maxing my 401k/Roth and am saving, etc, so distribution of savings isn't really a concern. I have some questions that I've tried to search on here and with Google but am still confused... + +* Contributing up to $1k to get the $1k match seems like a no-brainer, even if there are only middling returns on the account. Is that logic correct? Generally it would take 10 years at 7% returns to double my money... +* Is the 529 *mine*, but with a directed beneficiary? Or do I need to wait for an actual munchkin to exist before I contribute to an account that their parents have created for them? + +Thank you in advance, would greatly appreciate any clarity. + +EDIT: To clarify -- I'm maxing my other tax advantaged accounts. The $1k contribution is money I have sitting around. +Back in the day the average house was [3.4 to 4.4](http://news.bbc.co.uk/2/shared/spl/hi/guides/456900/456991/html/nn2page1.stm) times your wage. Now it is on average[12 times your wage](https://www.emoov.co.uk/reality-gap-uk-property-costs-eight-times-average-wage/#:~:text=UK%20Property%20Costs%20Eight%20Times%20the%20Average%20Wage&text=Our%20latest%20research%20has%20highlighted,eight%20times%20the%20average%20wage.)). + + +1) How did this happen, it seems super unfair? Why didn't the government realise this was happening and build more to stop this price rise? + + +2) Is it worth living in areas with low salary/house-price ratios ? I have a very secure jobs (NHS nurse) and Copeland, Burnley, Durham, Pendle and Blackburn seem to have very low house prices compared to salaries. If I save up £30k, I can buy a £100k house easily on my salary. I live in London and my local areas have ratios of 15 to 20. + + +3) Will ratios for big cities every go back to 4/5 times ratios? +We all know how GME has a similar graph to other stocks who experienced sharp rises in Jan. The recent run up of a certain movie theater stock shows many clues to where GME's next move is headed. Please take with a grain of salt because I'm actually retarded. + +**DISCLAIMER: The math used in this DD is speculative and compares two stocks with each other. These two stocks have different SI%, market caps, shares outstanding, float %, stock prices, the # of retail shareholders, etc. There are many factors I didn't consider so keep that in mind when reading along.** + +First, lets take a look at the stock ticker "He Who Must Not Be Named". The recent run up of this stock has been just ridiculous but this is just a baby run up to what we are about to see with GME. I've highlighted three boxes of each run up from Jan. until now and listed the high and lows in each box: + +**Box 1: Lo - 2.26 -------> Hi - 25.75 = 1139% increase** + +**Box 2: Lo - 5.52 -------> Hi - 14.49 = 263% increase** + +**Box 3: Lo - 8.94 -------> Hi - 73.00 = 817% increase** + +For the smooth brains a 1139% increase in the stock price means the previous price was multiplied by 11.39. + +( If it's hard to see picture info, please expand by clicking it ) + +[Movie Theater 2021 Stock Chart](https://preview.redd.it/jmsk900u3m571.png?width=2800&format=png&auto=webp&s=97900ec1c0bf4da67caa11ee82bc1110b59314f5) + +Now GME's turn. Box 3 is unfinished here because the run up is just getting started. In the past, these stocks have had run ups at the same time but now, GME is lagging a little. The first thing you will notice is the volatility difference between the two, which is why this next run up is going to be disgusting for GME. Anyways here's the numbers: + +**Box 1: Lo - 17.09 -------> Hi - 508.04 = 2973% increase** + +**Box 2: Lo - 38.50 -------> Hi - 347.67 = 903% increase** + +**Box 3: Lo - 136.69 -------> Hi - ? = ?% increase** + +[GME 2021 Stock Chart](https://preview.redd.it/8qanhxtt8m571.png?width=2812&format=png&auto=webp&s=b98730be8b6146c9b0c822b66d1b3cee4c13b40c) + +Yes, Box 3 is unfinished and we don't have the numbers. Lets use some math to figure out where this next run up is heading for GME. I will be using the stock ticker "He Who Must Not Be Named" percent increase to find out the percent increase for GME in Box 3. I will refer to the other stock symbol as xxx in the this section. First, lets figure how many times greater the volatility is between GME and xxx: + +**2973 (GME Box 1 percent increase) / 1139 (xxx Box 1 percent increase) = 2.61 times greater** + +**903 (GME Box 2 percent increase) / 263 (xxx Box 2 percent increase = 3.43 times greater** + +&#x200B; + +As you can see the volatility of GME has been around 3 times greater than xxx in their respectable run ups. I will be conservative and use 3 times greater to figure out the high price of GME in Box 3. + +**? (GME Box 3 percent increase) / 817 (xxx Box 3 percent increase) = 3 times greater** + +**3 x 817 = 2451** + +Ok so if GME is about to have a 2451% increase in the next run up, what will the Hi price be. Lets use the Lo price in Box 3 of GME to figure it out: + +**GME Box 3: Lo - 136.69 -------> Hi - ? = 2451% increase** + +**136.69 x 24.51 = 3350.27** 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +[GME 2021 stock chart with 3000 prediction](https://preview.redd.it/yt5by2r1om571.png?width=2802&format=png&auto=webp&s=f8c1021b7b70f55873d7ea3dc8d01000c8e52c0d) + +Yes, the next run up could see GME hovering above \*\*3000!!!!!!\*\*🚀🚀🚀 + +Are your tits jacked yet? + +Yes it's only 3000 but this is just the beginning. + +Remember, I was being conservative giving GME the 3 times greater value when comparing it to the movie theater so it could be even higher. I'm not predicting the high point of the squeeze but just the next move for GME. This is probably why whoever is manipulating the stock is stalling this next run up because it's going to be insane. + +TLDR;GME price could reach 3000 by comparing it with the movie theaters recent run up to 75. Also, this [video](https://youtu.be/oqazJpn24K4) is for those apes that don't know what math is. I breakdown each equation above and explain the entire DD in ape language. + +Thanks for reading my 2nd DD ever and remember it's very speculative. I'm not a financial advisor so I'm here to just make new ape friends. +Now I'm not one for risk management (or any form of management), but I am having a hell of a hard time doing anything bullish or bearish. Just hear me out: + +* Gaymestronk could get cut in half or double in price in 10 minutes at any given moment +* tech stocks are bleeding like a knife wound but can have random 10% days (not to mention the hundreds of stocks with no P/E *at all* doing wild swings) +* lockdowns still doing weird shit +* gas shortage panics while michigan is trying to cut off the Canadian-US pipeline +* middle east conflicts starting up fast +* month-to-month inflation is 4.2%, fed is still keeping interest rates low as balls on a hedgehog +* memecoin values are based on hopes that a dude talks about them on a sketch show +* notable hedge funds are liquidating +* building materials are tripling in cost over the month +* and we have an actual unmet labor demand while new stimmies are being sent out + +And while all this is happening, SPY is up 39%, DIA is up 39%, Nasdaq is up over 42% over the last 12 months. I don't think many people would disagree with the fact that the market is generally overvalued right now. But, if you buy puts, you can expect those to bleed out and let some market maker run off with your money while you sit there hoping for a drop (ew). But of course you know its all built on a house of cards, so a call will either bleed or get wiped on an overnight swing. Companies can beat earnings estimates by 50% and drop the next day because it's "priced in" and mid-market companies with a huge run up will start issuing shares the second they get the chance. + +Fucking kangaroo market. I need a drink. +In the past week, I have gone from having a perfectly functioning car, to having a broken windshield and a flat tire. + +Windshield was $500 out of pocket (I have high-deductible insurance) and the tires are another $500 after all installation fees and taxes. + +**$1,000 of unanticipated expenses in 5 days.** + +Now, I could have been cheap and just replaced the one tire that is busted, but since the emergency fund is healthy, I can replace all four (which will need to be replaced in the next few months anyway) and not have to deal with it twice. + +**OBEY THE E-FUND!** + +Edit: Since a bunch of people are comparing their experiences/prices of tires and windshields, I'll share a bit more info. I was set on replacing the tires I have currently because they've lasted 80,000 miles and I sure as hell will pay $100/tire for tires that last as long as these! As far as the windshield, you'd be surprised how much windshields on modern cars cost. $500 deductible was less than half the cost of the actual replacement windshield. +Also, everyone is crying "but BTC cant be a currency its too volatile" so why don't we make a plugin for payments where the price of a product is defined in USD and it's BTC price keeps floating? As soon as I make a purchase the payment platform sells the BTC and send USD to the merchant. If the merchant wants BTC he can select that option ("do not convert BTC to USD") on his platform configuration. + +So we have lightning fast transactions and a payment system that ignores volatility. Now we need a Charlie Lee to come over and code the shit out of that. Any Charlie Lee's around here? Where the fuck is Mr. Nakamoto when we need him the most? +https://i.imgur.com/jsUne8H.png + + +May 31, 2022 + +The Boston Consulting Group, Inc. v. GameStop Corporation +Order Approving VAC Magistrate Consent + +ORDER Approving Magistrate Consent submitted by parties. Case reassigned to Magistrate Judge Christopher J. Burke. Signed by Judge Colm F. Connolly on 5/31/2022. (etg) + +--- + +I don't have a Law360 Subscription - free trial expired - but if anyone does please share the text of the story here. + +--- + +Some links about the newly-assigned judge: Christopher J. Burke: + +- https://en.wikipedia.org/wiki/Christopher_J._Burke +- https://www.pli.edu/faculty/hon.-christopher-j.-burke-i1317020 +- https://ballotpedia.org/Christopher_J._Burke + +### Opinions +Click on `Opinions` on this page and follow the link to read some of his previous judicial opinions: https://www.ded.uscourts.gov/judge/magistrate-judge-christopher-j-burke + +Maybe some law Apes can chime in if they know more about Burke, prior cases, etc. +Context: Moved out of my parents house last July and started renting with my girlfriend. Had around £11k in debt at that time, didn’t consider it any issue. 6 months late, I was up to £18k in debt including 2 maxed out credit cards, a loan that had been taken out previously to pay off the credit cards, plus a car on finance. I turn 27 on Thursday. + +Every day I woke up feeling like I was swimming against the current and was struggling to keep my head above the water line. Anytime I had to think about money or look at my bank accounts, my chest would fill with bubbles. + +A few months ago, I finally asked for help. I spoke with StepChange, who explained my options to me in an accessible way and who helped me settle on the idea of a DMP. I posted in this sub asking for people’s experiences with DMPs and got some really lovely advice that made me feel a lot more confident in my decision making. + +After some back and forth getting all my data collected and signing all the paperwork, I finally got the confirmation email today confirming that my first repayment will be made on 1st June 2021! + +For the first time in 10 years I feel like I can breathe. Yes, money will be tight for the next couple of years, but it’s all worth it knowing that I will be entering my 30s completely debt free! + +If anyone is debating a DMP right now, you do ultimately have to decide what’s best for you and your particular set of circumstances, but I personally can’t recommend it enough just for the peace of mind it’s given me. + +Once everything is paid off, my girlfriend and are planning a 2 week long trip around the U.K. It’ll be the first time we will be able to afford to go away together and it’s giving me something to focus on so I can make sure I stay on track. If anyone has any suggestions for where we should visit on our grand tour, I’d love to hear it! + +Tldr: £18k in debt at 27, finally started repaying on a DMP via StepChange. + +Edit: typos +Small cap ETF ticker symbol IWM has a large amount of GME and movie stock. GME’s allocation valued at 196.16 million and Movie stocks valued at 10.08 million. This is the second most(GME) and the most(Movie stock) for all ETF’s containing these stocks. And as we know hedgies have been shorting ETF’s containing these stocks to drive prices down. + +Recently I was looking through [GME ETF FTD’s](https://failedtodeliver.com/?symbols=SFYF,CSML,PSC,FNDA,VOX,VBR,IEME,IWN,IUS,FCOM,VB,SCHA,IWM,VTWV,UWM,FNDB,PRF,URTY,VTWO) and [movie stock ETF FTD’s](https://failedtodeliver.com/?symbols=SFYF,CSML,PSC,FNDA,VOX,VBR,IEME,IWN,IUS,FCOM,VB,SCHA,IWM,VTWV,UWM,FNDB,PRF,URTY,VTWO) and found for the date May 14th there was a unusually large amount of FTD’s on the ETF IWM. + +Nearly a billion dollars worth of FTD’s when the last time it has been that high was December 2020 when it was 1.6 billion dollars worth. + +If we apply u/dentisttft DD on T+35 ([T+35 cycle DD](https://www.reddit.com/r/Superstonk/comments/o155a6/t35_is_the_one_true_cycle_evidence_to_back_my/)) this puts hedgies having to settle these FTD’s tomorrow the 17th. + +If I’m right about this months SLD(supplemental liquidity deposits) period starting today the 16th this could cause some green pressure tomorrow. + +I’m feeling a bit tin foil hat about this but I can’t help but feel this amount of ETF FTD’s stands out and could point to some major movement starting tomorrow and into next week. + +EDIT: It’s been brought to my attention the allocation of GME/Movie stock for IWM is of concern. + +According to [GME ETF Info](https://www.etf.com/stock/GME) GME’s market value is the second highest in IWM valued at 196.16M with only .30% allocation. For reference FTXD has a allocation of 9.37% and only a market value of 727.57K. + +For Movie stock it is the highest by a good amount valued at 10.08M with only .01% allocation. + +So allocation is relative to the ETF of question. IVM DOES have a significant amount of GME/Movie stock. Second most for GME and the most for Movie Stock. + +TL/DR: IVM ETF has over a BILLION dollars of GME/Movie Stock FTD’s having to be settled come tomorrow the 17th. Hasn’t been this high since December 2020 when it was 1.6 billion. We are also in a period called SLD starting today which basically makes it riskier for hedgies to commit any tomfoolery. May 25th run up was caused by combination of FTD’s and SLD period. +I'm not very money savvy and in my mind it's always a good thing to have your mortgage paid off as soon as you can, but is that always the case? Under what circumstances would it not make sense to pay off a home loan asap, and why? +I am not a meme stock trader. Memes are not a market sector. GameStop is a technology company. + +I am not a meme stock trader. I am a teacher. I contribute to the education of others. + +I am not a meme stock trader. I am a doctor. I studied my whole life to heal others. + +I am not a meme stock trader. I am a mechanic. I fix and build vehicles so others can get to work the next day. + +I am not a meme stock trader. I am a service member. I seek to defend others' freedoms. + +I am not a meme stock trader. I am a public servant. I swore to protect my community. + +I am not a meme stock trader. I am an Ape. I stand to oppose propagandists and financial criminals who seek to infringe on the freedoms and rights of citizens globally. Manipulation of the global financial system is an act against human rights entitled to all (UN Article 23.3) + +Fuck you. Pay me. + +💎✊🏾🚀🌕🦍🏴‍☠️🏴‍☠️🏴‍☠️ +So, I've been trying to find places to put some extra money rather than just CDs and bonds. I met this pair of brothers since we share the financial adviser that have a DEF business and long story short, they've been running a profitable enterprise for a while now and they want to expand and put in a $8M plant. + +They are doing $4M and raising $4M from outside investors. They're going from 1,000,000 gallons of DEF to 6,000,000 so it's a big expansion and they already have buyers with LOIs to purchase over 5m gallons of product. + +Currently their cost is 50 cents per gallon and they sell it for 67-70 cents per gallon. This plant drops their cost from 50 cents to 30 cents so their profit margin triples. + +I mean this project is profitable from it's first year of production and I'm interested especially since I just saw another post about private equity investments and this seems to be a good one. + +In order to protect my money and other investments, I should obviously use an LLC, but what else would you guys suggest I do? Anyone else ever do something similar? +Not entirely sure if this is right subreddit .. apologies if not :/ + +Firstly, the facts + +* GF and I broke up +* Own a house and have 3 pets +* She's with someone else who's going through a divorce +* He wants to move in here (can't currently afford to buy me out until divorce settled- roughly 60k equity split 2 ways). +* Offered to pay half the mortgage, bills and pay me rent (500 quid, mortgage is 1000) +* I would move into a rental. + +My concern is that my long term plan (a year or so) is to move back to Australia. In that year I have to have everything sorted and most importantly have the recieved half of the equity in the house. Obviously I don't trust the bloke as he's been wishwashy with the divorce. My concern is that 6 months down the line, they break up and suddenly we have to sell the house (which could take a while in this market) and i'm screwed. + +The pet's are the main reason we can't just sell the house now and both move into rentals. + +Any thoughts? Are there any legal approaches I can take to protect myself? + +Bit of a pants situation but it is what it is. + +Thanks for your time, + +Rob + + +(edit) thank you for all the replies, it's very appreciated. We sat down and had a long chat last night and came up with what will hopefully be a fair and clean way forward. She's going to see if she can remortgage to free up my part of the equity and her parents are going to act as guarantors (her salary is fairly low). Then the new shinyness will pay her rent. All this obviously down to the banks discretion but fingers crossed with a guarantor they'll be up for it. Thanks again peeps. +Over the past three days, I've posted information about three stocks - all of which have gone up a significant amount in a short period of time. While I do believe in these stocks, I do not believe the insane "hype" around them is warranted. + +I want to make this abundantly clear: + +**I am in NO WAY associated with the unprecedented rise in any stock price.** + +**I am NOT a financial advisor and my posts are NOT financial advice.** + +***I am simply doing research about stocks I like, and posting on an open forum, for discussion purposes ONLY.*** + +I will not be posting any more due diligence because of these unprecedented rises in share prices. + +Please do your own due diligence before purchasing any stocks. +A couple of weeks ago, my Airbnb account was hacked (had a very old, unsecure password, I've since changed it, along with all of my other passwords), whoever gained access then made a reservation for approximately £5000. As I've used Airbnb plenty of times with no issue, Airbnb was set up as pre-approved payment with PayPal, and so the money was sent instantly. + +I haven't got an amount even close to that in my account, so my bank declined it, and I thought this would be no issue as no money ever left my account. The problem is that PayPal has sent this money to Airbnb, and because this hacker chose to be refunded in booking credits, Airbnb are refusing to send the money back to PayPal as credits "cannot be changed under our terms of service". + +Now PayPal are calling / emailing me telling me I need to start paying them back or there will be legal consequences, so I am having to pay out of my own pocket in order to avoid this. + +I've been contacting Airbnb almost daily via phone, email and support chat but I get the same copy & pasted responses telling me credits cannot be changed. I did have one helpful agent tell me I would receive a refund after 5-15 days, but it's now past this point and I've heard nothing from them since. + +If anyone has any ideas / someone I can contact it would be extremely helpful. I did even think of sending the CEO an email but I'm not sure this would do any good. + +Thanks in advance if anyone can help! +I found a possible moonshot guys! First i will tell you everything about the Token and for my personal thoughts on this read the last part of this post. + + +🦈 SafeShark - A Yield Generating DeFi Token + +Telegram: https://t.me/safesharktoken + +Website: https://www.safeshark.finance + +Twitter: https://twitter.com/safesharktoken + +🚀 Presale + +Presale goes live on DxSale Saturday, May 1st at 10 AM CST / 3 PM UTC. + +Soft Cap: 25 BNB + +Hard Cap: 200 BNB + +Min. Contribution: 0.1 BNB + +Max. Contribution: 2 BNB + +💡 Tokenomics + +Total Supply: 1,000,000,000,000,000 SHARK + +Presale: 600,000,000,000,000 SHARK + +Liquidity: 300,000,000,000,000 SHARK + +Burn: 100,000,000,000,000 SHARK + +Transaction Tax: 4% (2% distributed to holders and 2% added to liquidity) + +🔐 Liquidity is locked for 10 years and ownership will be renounced right after the pre-sale. There are no team tokens. + +💸 Contract: https://bscscan.com/token/0x1dd78c030d983c2ab270fb285927c1e6d5ddc835 + +👑 Presale: Goes live on DxSale Saturday, May 1st at 10 AM CST / 3 PM UTC. + +❤️ Telegram: [https://t.me/safesharktoken](https://t.me/safesharktoken) + + +I am not the owner of this token bit it seems to be 100% SAFU! I checked the Contract and rugscreen says it is legit. Ownership will be also renounced and liquidity is locked by Dxsale. So this token has to be safe! Join the telegram and have a talk with the Dev. The telegram group is really chill and they answer every question. It is a small community right know looking forward to get bigger in the upcoming hours. +But as always DYOR. +# Things money can buy: + +- Drugs +- Escorts, plural +- A 4K gaming PC - dual-monitor, obviously +- A lambo +- A fuckin' superyacht to tug your regular yacht +- Power/influence (more like these are actually all the same 'thing') +- Relief from the crushing weight of wage-slavery + +# Things money can't buy + +- Your parents affection +- Love and/or consideration +- Genuine and meaningful connections with people +- Self-fulfillment +- Absolute Control +- A way out of your massive naked short position on $GME +(Note: I had originally posted this in another forum, decided to edit and post here instead - let me know if you think it doesn’t belong) + +The question: for fatFIRE’d people what services do you have to reduce your general tasks (I call it daily overhead). Do you have someone do your laundry, cook food, clean more than once a week, take kids to school, etc? Was it worth it and how hard was it to find someone? What city are you in? + +Background: my wife and I live in the Bay Area and make close to $1mm/year total comp with 1/2 that liquid (company is about to IPO in the next 3-6mo and I’m valuing the stock well below 409a for this question). I work and my wife takes care of the family (which is a lot of work) and we both work ~5-10 hours a week on a side business which generates a lot of cash. + +For services: We have a housekeeper that comes once a week and thats it. + +My wife and I both find ourselves out of energy at the end of the week and keeping things going in the house with the family is a struggle. I’m looking at this as an investment into increasing our time for family and volunteering so we worry less and enjoy more, but I’m aware it may also be the wrong idea. + +We don’t plan to retire just yet - we actually really enjoy what we do, it’s just the home life that has become more challenging. In about 6 years we plan to retire, or at least take our foot off the gas. Until then we want to make daily life a bit easier. + +Edit: Wow, thanks everyone for the upvotes and input. I really appreciate it! +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. +Not sure if personal experience is suited for this sub, but I just started planning my budget and it has helped me feel more fulfilled. + +I think I am just one of those people who hates working. Some people get bored or restless or feel unproductive, but I love just sitting around watching TV for hours or hanging out in my backyard. I'm not a lazy person, and I was a straight A student through undergrad and grad school, and I get high work evaluations now. However, I like to say I am a "secret lazy person," since I don't feel any thrill or high from doing a good job. It just feels like the sludge I go through. Some of you may think I am clinically depressed, but usually depressed people are sad even when they do nothing. I am legit so happy when I get to do nothing (by nothing I mean non-work things. I still hike, build cool home DIY projects, etc). + +In college/grad school, what kept me motivated was that I was completing a goal, and afterwards I would be "done" and could relax (I pushed the fact that I would have to work after graduation to the back of my head). However, now that I am working, I have a strong "what's next?" feeling. It really feels like I just have to endure until I die. + +But then I discovered FIRE and this community online, and I feel rejuvenated. I now have a concrete goal to work towards, and it makes me work harder at my job so I can reach this goal sooner. I don't feel like I am just trudging through life. I can't wait till I can put all of this bs behind me and can just sit on my porch wasting the days away like I enjoy. +Hi Apes + +So today’s numbers show that retail has directly registered 86.889.730 shares of GameStop which equals 56.44% of the free float. + +Also today’s borrow fee is 9.3% and the stock price currently is $25.3 + +That means that retail is directly responsible for someone out there (your brokers) is NOT making a whopping $560,117.00😳 Damn.. + +(86,889,739 x $25.3 / 100) x 9.3% = $204,442,867 + +And divided with 365 days, that means someone didn’t earn - $560,117.00 TODAY… + +To turn this one upside down, if apes were to get the lending fee from today (for those 86 million shares) apes could have bought an additional 22.139 shares. + +Edit: just saw this post. GameStop is Q3 most profitable share for stock lenders.. well.. that’s just funny, it could have been a lot more profitable 😂 + +https://www.reddit.com/r/Superstonk/comments/yc8rnh/gamestop_stock_gme_lenders_most_profitable_stock/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +Hi Apes + +So today’s numbers show that retail has directly registered 86.889.730 shares of GameStop which equals 56.44% of the free float. + +Also today’s borrow fee is 9.3% and the stock price currently is $25.3 + +That means that retail is directly responsible for someone out there (your brokers) is NOT making a whopping $560,117.00😳 Damn.. + +(86,889,739 x $25.3 / 100) x 9.3% = $204,442,867 + +And divided with 365 days, that means someone didn’t earn - $560,117.00 TODAY… + +To turn this one upside down, if apes were to get the lending fee from today (for those 86 million shares) apes could have bought an additional 22.139 shares. + +Edit: just saw this post. GameStop is Q3 most profitable share for stock lenders.. well.. that’s just funny, it could have been a lot more profitable 😂 + +https://www.reddit.com/r/Superstonk/comments/yc8rnh/gamestop_stock_gme_lenders_most_profitable_stock/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +I'm a 22 year old teacher in Hutto, TX and I currently have two retirement accounts with Security Benefits (or Legend Equities? not even sure). + +Security Benefit Life Ins Mutual Fund 403(B)(7) with about $1,000 + +and + +Pershing Ftc Freemark Total Return ROTH IRA (which is a bunch of different Vanguard shares?) with about $5,700 + +What freaked me out was (and I can't find this info in any of the stuff they mailed me or online) I think I remember the financial advisor saying that the fee was 2.75% for the Roth IRA. + +I guess my questions are, How do I bring the fee down? If that involves moving to a different company, how do I do that? Are there consequences to moving companies? I'm so lost and freaked out now. Also, neither of these accounts have made anything since I started them in November (403b) and April (Roth IRA), they've only lost money. Is that normal? + +Here is the list of providers I can use with my district: https://www.omni403b.com/PlanDetail.aspx?clientID=8yel2NgISi0=. My district doesn't match for 403b's (since they're already putting money in TRS, which is crappy and useless). + +Thank you in advance for any help you can give me. + +EDIT: Wow, this blew up. Reading all the responses now, thank you all! +A little background info. My uncle has been out of work for awhile. He's been tutoring kids and just got a job as a temp at herbal life but nothing long-term or stable. + +In addition, he recently broke up with his girlfriend and moved into my parents house. Now, I have absolutely no beef or judgments on any of that, I love the man and recognize that life sometimes puts you in a rut. + +However, yesterday he asked me if he could talk to me seriously, and I said yeah. He then told me he wanted to give me some money without me telling my parents. I told him it was fine and that he didn't need to, but he insisted that he wanted to write me a check and have me cash it. + +He handed me a check (I expected like $50), only for me to open it and see $500. + +I don't feel comfortable accepting this because I know he isn't in a good situation right now. Any advice what to do here? I want to broach the topic, and I've tried three times to let him know that it is a lot of money and that I don't need it, but he insists that I have it and that I don't tell my folks. + +Thanks in advance, this is my first time posting in this sub. + +**Edit:** I am going to transcribe the communication that I had with him last night (I am waiting to call him at 5 when he gets off work) + +ME: "Hey Uncle [REDACTED], just got back to my apartment safe and sound. I was thinking about it and I was just wondering, are you sure about that check? I feel guilty accepting so much money... + +UNCLE: "Glad you're safe. Yes I am sure about the check. Enjoy. Xxxxoooo" + +ME: "Ok well thanks again. It was good seeing you this weekend, I love you bud!" + +He never responded. + +**EDIT 2:** AWESOME NEWS GUYS! I just spoke with him on the phone and I was very honest with him, telling him that I was concerned for him and that I loved him and he could tell me anything. + +After some prodding he admitted that he was indeed feeling guilty about living at my parents house rent free, and so he felt that giving me some money would be a way that he could pay them back without actually paying them back, because he knew my dad would never let him. + +I just want to thank everyone for the massive outpour of genuine concern - I don't think I would have been able to summon up the courage to point blank ask him if he was depressed and/or suicidal without everyone encouraging me to trust my gut and talk to him, no matter how hard it was gonna be. + +At his insistence I am going to cash the check and use the money to finish building the gaming computer I had been saving for - since he likes to play computer games (mmo's in particular) I will be able to stay connected with him even more via online gaming and skype! + +Thank you again, I'm overjoyed that this could finish with a happy ending :) + +**Edit 3:** Wow, I just got out of my last class of the day and seeing the outpour of good sentiments and even Reddit gold has really warmed my heart. I am so thankful and appreciative of all your kindness, today went from very very awful to truly amazing, I can't stop smiling! Bless you all <3 +Mycelium Wallets use our own custom nodes to process the bitcoin blockchain and scan for address balances. These nodes were written by Jan Møller while he was the Lead Developer, along with our other devs. The job of these nodes is to parse the 30 gig Blockchain database into our own custom database, which is much larger, being over 100 gigs in size, but which allows for very quick and easy lookup of address balances, allowing for instant balance lookups and to do things like Cold Storage spending from paper wallets and Trezor. Note that this custom database doesn't actually contain anything that's not in the original blockchain database itself. +