diff --git "a/reddit_finance_43_250k_390.txt" "b/reddit_finance_43_250k_390.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_390.txt" @@ -0,0 +1,10000 @@ + + https://www.reddit.com/r/Bitcoin/comments/7deowf/the_scamming_of_newbies_continues_roger_just/ + + https://www.reddit.com/r/Bitcoin/comments/7drtd5/new_fraudulent_advertisement_please_help_protect/ + + https://www.reddit.com/r/Bitcoin/comments/7e7n15/this_scam_is_unacceptable_lets_do_something_about/ + + https://www.reddit.com/r/Bitcoin/comments/7e8mr5/bitcoincom_wallet_now_provides_bcash_as_default/ + + https://www.reddit.com/r/Bitcoin/comments/7e9b4t/roger_writing_his_own_reviews_on_his_bitcoincom/ + + https://www.reddit.com/r/Bitcoin/comments/7e9kax/this_scam_is_unacceptable_lets_do_something_about/ + + "Roger Ver pays a public relations company to astroturf social media with anti-core, pro-BU propaganda."- former mod + + Good example of shill/bought accounts to push agenda + + MemoryDealers.com founder Roger Ver abuses admin access at Blockchain.info + + Roger buying likes on Twitter + + Roger says he paid a $600 fee for a #Bitcoin tx in the last 24 hours. It's nice to see /r/btc call out his bullshit. + +Flashback: Remember MtGox? Watch Roger lying: + +https://www.youtube.com/watch?v=UP1YsMlrfF0 +Case and point to any of those investing in altcoins. Be careful. + +[https://www.independent.co.uk/tech/terra-luna-ust-crypto-price-crash-b2076655.html](https://www.independent.co.uk/tech/terra-luna-ust-crypto-price-crash-b2076655.html) +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. +**EDIT: Wow, mods debunking Dr. Trimbath now. What’s next?** + +**This is simply a summary of Dr. T’s work to which she reviewed and commented “…Gets across point this could happen to ANY stock.” Twitter link included.** + +**First, you guys ban DRSGME.org, then you ban the most pro-DRS advocate** [**u/millertime1216**](https://www.reddit.com/u/millertime1216/)**, and now you debunk Dr. Trimbath. WTF** + +&#x200B; + +*Reposting this because it's relevant now more than ever and because Dr. T read it last night and commented on it.* [*https://twitter.com/SusanneTrimbath/status/1558268812444590080?s=20&t=40V-5xRm2jt967z7Ud2BhQ*](https://twitter.com/SusanneTrimbath/status/1558268812444590080?s=20&t=40V-5xRm2jt967z7Ud2BhQ) + +&#x200B; + +**Will your broker fuck you when shit hits the fan? Lessons from CMKM where 68.5 billion phantom shares were discovered during DTC withdrawal** + +**TA;DR:** In 2005, investors of CMKM Diamonds, Inc. attempted to pull all their shares out of the DTC and direct register them in their own name. During this process, 68.5 billion phantom shares were discovered and brokers began deleting CMKM shares from investors accounts. Brokers also prevented many shareholders from direct registering and instead had physical certificates issued to *themselves*. While there are significant differences between CMKM and GameStop, this may be the closest example of what to expect as the float gets closer to being locked up in Computershare. If/when shit hits the fan, don’t be surprised if the brokers pull the same kind of bullshit. DRS early and often. + +**TA:DR end** + +\*This post is a selected summary of pages 208-227 of Dr. Susanne Trimbath’s book “Naked, Short and Greedy.”\**1* *If you are unfamiliar with Dr. T (or a douchebag shill), please refer to footnote 1.* + +On November 4, 2005, CMKM issued a press release announcing a distribution that would require investors to get their shares registered in their own name, i.e., out of DTC.^(2) Deadlines were set for DTC withdrawal and a shareholder task force was created. In July 2007, after several delays, the task force announced the total number of registered shareholders and shares. They also disclosed the existence of over 68.5 billion phantom shares, i.e., > 68.5 billion shares that could not be accounted for (should not exist). + +**Most relevant to GameStop:** + +Many of the investors were unable to direct register their shares because they were holding phantom shares. Although the investors had paid for these shares, the brokers either never obtained these shares to begin with or they had lent them out thereby passing on the “real” shares to the borrower. Dr. Trimbath dubbed these CMKM investors as “UnShareholders.”^(3) + +A deeper dive into these UnShareholders revealed that: + +* The following brokers were shown to either delete CMKM shares from UnShareholders’ accounts or incorrectly told them certificates were not being issued: Fidelity, TD Ameritrade, UBS Financial Services, Inc., Royal Bank of Canada, eTrade Financial, Bank of America, Charles Schwabb, Bank One, Bank of America, Qtrade, Piper Jaffray, eNorthern Brokerage, LeumiTrade, Fortis Bank Bruxelles/BBH New York +* The following brokers told “UnShareholders” that they could not get certificates. However, these same brokers got certificates for themselves: Bank of America, Ameritrade, eTrade Financial, Royal Bank Canada, UBS Financial, Chase, Charles Schwabb, QTrade, Piper Jaffray, Bank Leumi, Bank One +* Charles Schwabb, Chase Bank and RBC Dain deleted investors share positions at a time when the firms had no shares either in depository or on the books of the issuer + * Schwabb deleted investor positions (10 million shares) and at the same time ordered certificates for their own trustee accounts + * RBC deleted investor positions (11.5 million shares) and told investors that there were no share certificates available. However, documentation shows that RBC received certificates for themselves and other customers. + * Chase deleted a high number of investor positions + +In the end, all shareholders of CMKM got fukt, including those that were able to direct register. There was no real value in the firm – they did indeed mine diamonds; however, it was revealed that all mineral rights belonged to the founders of the company, not the shareholders. Multiple lawsuits were filed and some are still pending. + +“The allegations of fraud and corporate abuse are the reason why no one heard the rest of the story, the one **where brokers were allowed to cheat investors by taking their money and never giving them any shares of CMKM**” (Trimbath, p. 209). Although Dr. T tells the story using CMKM as the example, she emphasizes that this stuff happens to every company with publicly-traded shares, big or small. + +Some key differences between CMKM Diamonds, Inc. and GameStop: + +&#x200B; + +https://preview.redd.it/p4hietsv6kh91.png?width=975&format=png&auto=webp&s=fa4ab6e52d44fc33d63348558b45cff1f8e6a192 + +\*There were diamonds being mined but whatever mineral rights claim the founders of CMKM had was only ever owned by the founders. The assets never belonged to the company. + +\*\*[https://www.sec.gov/litigation/aljdec/id291bpm.htm](https://www.sec.gov/litigation/aljdec/id291bpm.htm) + +**The purpose of this post is to point out the behavior of the brokers during the DTC withdrawal process.** Unlike CMKM, GameStop has an extraordinary future and is not going bust. The DTC, SEC, market makers, and brokerage firms will have a harder time sweeping things under the rug of the court system if and when things get spicy with GameStop. That being said, we are in uncharted waters. + +If retail owns multiples of the float, which I firmly believe, what kind of behavior can we expect of the brokers if/when shit hits the fan? DRS, mofo. + +^(1)Anyone who throws shade at Dr. Trimbath is either a shill or lacks the knowledge of her background. She is a business professor in Arizona who started her career at the Federal Reserve Bank and DTC. She has been fighting the corruption for a couple decades and has even lent her time to Reddit for multiple AMAs. BuT sHe HaS bEEn PUshiNg HEr nEW BoOK “Naked, Short and Greedy.” Yeah, moron, she lays out all the corruption in detail for us. Besides, she deserves every penny she gets from the sale of this book. She has been fighting the good fight long before any of us knew of the corruption. + +^(2)DTC stonewalled any future attempts by other companies and got the SEC to grant approval for a rule change that prohibited requests for withdrawal of certificates that could be **instigated** by issuers. Hence, we would never see GameStop recommending that we direct register with Computershare. The fact that they mentioned Computershare in the last quarterly report should be telling. I’m hopeful they give us an update in Q4, but I wouldn’t be surprised if a new rule or undisclosed SEC threat prevents this. + +^(3)Almost anyone who receives a 1099 with “unqualified dividends” when they believe they owned regular shares, are probably UnShareholders, too. +**ZACKS** + +**TLDR** + +* They make a ton of recommendations. Many products underperform the market +* Their annual Top 10 list did great in 2021 but not 2022, but you pay for it at $3600 per year. You can get a base subscription for $249/yr for just the stock screeners which is reasonable, though many are baked into Fidelity’s platform for free. +* Their stock screeners are great for finding stocks, especially the VGM and Zacks Rank #1 screener. But to do it right, you need to spend 5hrs a week on it seeing what’s new. + +Zacks offers a couple dozen different lines of stock picking services plus a few dozen different stock screens. It’s quite overwhelming actually, but also a bit addictive to pour through them to find some good stocks. I found most of their services don’t outperform the market or have so many stocks in them it would be a full-time job to buy and manage them. + +For most of the screeners, the time it takes to vet them and look at each of the 50 plus stocks in each is too much of a time commitment, but looking at the first few in the list gives some ideas of what is working.I started just looking at the recent additions to see if there were secular trends and that helped. + +I tried out some of their healthcare picks with mild success: I was going to share the names but the bots on here blocked them because they are under 300M market cap. One was bought out for 40% over purchase price. One went up 6X. Two fizzled down -70%. If you want the names DM me. + + +I did OK using the value, growth, and momentum stock screener but I really had to spend a lot of time separating out the good ones and figuring out what was recently added, which they don’t tell you. If you get them too late, the move has already occurred and you will likely see the stock correct quickly. + +A few gems I traded from their list around March of 2021 included SEM (health clinics), DAC (container shipping), BERY (financial), and MT (steel). My target was +100% for each and I made that within a year of buying for each. I bought options. HOLX was an exception. I lost -15% on that pick, though it was mostly due to the fact it soared high from COVID revenues and then sold off quickly as the vaccines rolled out. It’s since back to slightly above the purchase price. + +**Zacks Top 10 Stocks of 2021 -** their premium offering and associated returns. I did not buy all of these - only SPSC and PWR. But I did track them all in a watchlist. + +* **Percent Winner Rate: 90%** +* **Avg return: 48%** +* **SPY Return: 30%** + +AIMC (transmissions) 2021 +Return: -6% +Return To date: - 23% + +SPSC (supply chain mgmt solutions) +2021 Return: +31% +Return to Date: +15% + +APTV (vehicle parts) +2021 Return: +28% +Return to Date: -15% + +PWR (energy generation consulting services) +2021 Return: +64% +Return to Date: +107% + +IAA (online vehicle sales) +2021 Return: +46% +Return to Date: -41% + +WSC (storage units) +2021 Return: +72% +Return to Date: +84% + +Macy’s (clothing retailer) +2021 Return: +144% +Return to Date: +76% + +GDDY (domain registration) +2021 Return: +3% +Return to Date: 0% + +ZBRA (tech, sensors) +2021 Return: +54% +Return to Date: -7% + +ULTA (beauty stores) +2021 Return: +46% +Return to Date: +38% + +**For 2022’s top 10 stocks,** the advice has not been quite so good, but the year isn’t over yet. I didn’t buy any this year because I was short on the market, but I have been tracking the performance to see if they can match what they did last year. So far, not so good. + +* **Percent Up Since Rec: 20%** +* **Avg Return of Rec: -8.8%** +* **SPY Return: -10.3% as of time I drafted** + +&#x200B; + +**2. LEVELFIELDS** + +**TLDR**: + +* Event-driven alerts work and I like that the success rate is visible on the website +* There are a lot of alerts you can subscribe to, so it’s best to choose one of their lower volume, higher performing strategies to avoid opportunity overload +* It’s good at finding high shorter term returns with high success rates +* For the biggest companies (AAPL, TSLA, etc), my news alerts arrived faster. For those under 100B market cap, it's very helpful. +* Price is 228/yr but their emails of a big update seem to be hinting a hike is coming soon + +**Winning Percent: 79%** + +**Avg Return/Trade: 23%** + +I’ve been using an event-driven research system called LevelFields for about a year now. It was a little rough around the edges in the early days but has gotten much better over time. It’s good at identifying news events early that drive stock prices up and down, often from direct announcements from companies. It shows stock patterns following events, which is cool, especially for the negative events so you can see how far the stock will probably fall. + +They effectively filter the noise out of the news and just focus on a couple dozen event types that really shake stock prices: hedge fund investor moves, layoffs, shorts, FDA approvals, leadership changes, Amazon new product launches, and a couple dozen other types. Unlike the technical pattern alert systems out there I’ve seen, it focuses on real news, which I like, as I feel pattern trading is often a lot like staring at clouds and making shapes out of them in your mind. + +For the big companies everyone watches, they don’t beat news alerts. But for the bulk of the companies you’ve never heard of or have forgotten about, it flags a lot of opportunities and companies on the rise. + +Most of the time I trade with the information. Sometimes I use it to find stocks for longer term plays. Like Zacks, they put out a lot of opportunities so any analysis here is going to be biased by what I’m choosing to act on. But they publish the success rate and show all past alerts so the past performance is embedded in the platform under each strategy, which is nice. + +The winning rates for their strategies range from a high of 90% to a low of 50%, with most in the 70% range. You can alter the outcomes by adjusting the filters for the types of stocks. I don’t like to buy commodities and microcaps generally, as the prices fluctuate too much on factors beyond the company’s control, so I filter those out. + +Lately, I’ve been trading on their layoffs scenario, which tracks companies firing people. If you filter for just expensive stocks that are firing people to grow earnings, you can get to 80% accuracy in price prediction. I’ve noticed some events cause the share prices to pop right away, so I often wait for the first selloff before entering the trade. + +**Here are the alerts I opted to act on and how they turned out**. I’m noting hold times since it’s not a buy and hold forever system though I supposed you could for some stocks. + +10.21.21 - Qualcomm. Return: stock rose +50% in 1 month. Traded options for +300% gain. +11.11.21 - Northern Gas (NOG). Return: +45%. I held for 5 months. +12.9.21 - CVS. return: +60% in 1 month (options) +11.18.21 - BLDR. Return: +67% in 4 days (options) +12.04.21 Signature Bank SBNY. Return: +16% in 1 month. I then traded a couple more times on it as it was doing well until the Crypto crash. It holds a lot of staked Bitcoin. + +12.6.21 Silicon Motion (SIMO). +25% in 2 months. Still like this semi and will buy back. They do memory chips and had been killing it. It was hard to find a cheap semi at one point but this one always traded at a reasonable p/e. + +12.9.21 Labcorp (LH): +8% in 1 month but I held it too long and exited down -10% due to covid rates dwindling and testing volumes decreasing + +12.15.21 - Broadcom (AVGO). Return: 0% Sold off when war started. +2.3.22 - Quest (DGX). Return: +50% in 1 month via option trade +2.15.22 - Upstart (UPST): Return: +30% on options in 1 week. I had owned this stock already and was trading it off and on for about a year.. + +2.17.22 Blocked by mod bots from showing: +50% in 2 days +2.24.22 - ALSN (Allison Transmission ). Return: +8% in 1 month +3.11.22 - Applied Materials (AMAT). Return: +4% in a week. +3.17.22 - Lockheed Martin (LMT): Return: +70% in 3 weeks (option trade on news Germany was buying planes) + +3.17.22 - CMC Steel. Return: +10% in 1 month + +3.31.22 - LGVN. Return: +20% in 1 day. +5.9.22 - TWTR. Return +100% on puts in 1 mo. This was the “Elon will back out” trade a big hedge fund was betting on, so I joined them. A short would’ve worked too. + +5.24.22 - Digital Ocean (DOCN): Returns TBD. Up 8% on equity but I’m selling covered calls for an extra 20% annually. I really like this company. It’s like a mini AWS that is more cost effective for small businesses. + +6.15.22 - Space company. +50% in two days + +6.24.22 - Digital Turbine (APPS). +31% in 2 months. I think this was mostly luck given the timing of the bear market rally. + +6.28.22 - Alibaba (BABA). -30% on options in 3 weeks. Can’t seem to get a break on BABA. + +7.14.22 - Pinterest (PINS). +30% on hedge fund moves + +7.27.22 - Mining company. return: -10% on option puts. Still puzzled why the stock is up. + +7.28.22 +4% and holding. They are one of the only medicines for monkeypox. +8.12.22 - Peloton (PTON). +10% in a day on its layoff news + +8.15.22 -3%. It makes solar cells in China and is growing revenues by triple digits. + +&#x200B; + +**3. THE FOOL** + +I resisted trying out the Fool for years because they wrote so many articles and ads touting their stock picks that I assumed they had to be full of it. But, when I had enough money in the account, I decided to try it out and see if they maybe could save me some time finding stocks early or if they were the cause of certain pump and dumps I was watching. + +**TLDR**: + +* They pick good, overvalued growth stocks but they don’t try to time the market at all because they want 5 year hold times, which can lead to big drawdowns while you wait +* I would’ve lost a fortune had I taken much of their advice. However, if you have a decade long time horizon and can stomach 75% pullbacks, the stocks they recommend will probably come out ahead +* They repurpose recommendations from different subscription tiers, often using lower tier recs to increase the returns of higher level subscriptions +* They make a lot of recommendations. It’s time consuming to keep up. +* Big range of prices from $100/yr to $5,000/yr and they upsell a lot + +They had a lot of subscription options to choose from that range from a hundred bucks or so a year to $5K per year. I signed up for a few of them, including their stock advisor, IPO one, and cloud innovators and small caps service. I should note that the lists they provide overlap enormously, so they clearly repurpose their recommendations and charge you more to get the same recs again and again. + +For the cloud services recommendations, I found they generally picked out solid growth companies (DOCN, DOCU, ESTC,etc) but too late, after the stocks were already richly valued. So I traded them instead of buying them. Below are the email recommendations they sent out I saved. + +**12/17/21 Buy Recommendations W/Subsequent Performance Since Then** + +Intel (INTC): -29% + +JFrog (FROG): -17% + +Procore (PCOR): -18% + +**12/14/21 Recommendations W/Subsequent Performance Since Then** + +Sell Cloudflare (NET). Return since: -41% + +Buy Autodesk (ADSK). Return since: -11.5% + +Buy Crowdstrike (CRWD). Return since: +1.12% + +Buy Docusign (DOCU). Return since: -52% + +Buy Ncino (NCNO). Return since: -35% + +Buy Twilio (TWLO). Return since:-66% + +Buy Zoom (ZM). Return since: -40% + +**I Tracked Every investment from their Small Caps Playbook List from January 2021. Here are their returns since then.** + +* **Percent Winners: 33%** +* **Avg return per rec: -25%** + +1. Redacted by mods -88% +2. Redacted by mods: +7% +3. Camping World (CWH): +20% +4. Flugenics (FLGT): 0% +5. Ad company (blocked by mods): -68% +6. Inspire Medical Systems: +14% +7. Blocked by mods: -34% +8. NCino: -48% +9. Blocked by mods: 0% + +I kept emails of other recommendations, though I admit this list is not complete since they only sent emails containing the rec half the time. The rest of the time they send you to their website to watch a 30-minute webinar of their picks in the middle of the work day, which was strange to me and defeated my purpose of saving time digging through stock screeners. I tracked from the next day’s opening price. + +**StockAdvisor** + +2.3.22 Buy ABNB. Return Since: -17% + +1.6.22 Buy Confluent CFLT: Return since: -59% + +12.20.21 Sell Healthequity. Return since: +38% + +12.20.21 Sell Biotech company (blocked by mods). Return since: -69% + +12.20.21 Sell Grand Canyon Education. Return since: +1% + +12.20.21 Sell Markel. Return since: +3.34% + +12.20.21 Sell Ollie’s. Return since: +41% + +12.16.21 Buy ROKU: Return since: -72% + +12.2.21 Buy DOCN: Return since: -48% + +10.7.21 Buy SHOP. Return Since: -70% + +10.7.21 BUY DOCN: Return since: -42% + +9.23.21 Buy UPST. Return since: -90% + +**IPO Trailblazer:** + +1.31.22 Buy Digital Ocean (DOCN). Return since: -20% + +1.31.22 Buy Confluent (CFLT). Return since: -51% + +1.31.22 Buy Roblox (RBLX). Return since: -25% + +1.31.22 Buy Docebo (DCBO). Return since: -36% + +&#x200B; + +**4. INVESTORS PLACE** + +**TLDR:** + +* Mostly recommend long-term, long shot stocks +* Best recommendations are free. Most paid recommendations are mediocre at best +* News is wrong sometimes +* They are good at spotting long-term trends in where the new money is flowing to, e.g. thematic investing (online gambling, EVs, rare minerals, etc). I derived value from seeing companies linked to these trends I may not have heard of otherwise. + +They make an obscene amount of recommendations across their blog and have many subsidiary newsletter services and promotional picks, so my tracking here is admittedly biased, as I only tracked what I ended up buying. Like Fool, they have a very long investing horizon and may end up being right…years from now. They make recommendations based on thematic trends, e.g. EVs, cybersecurity, etc. However, they also push recommendations based on events or news. + +I signed up for Matt McCall’s Investment Opportunities and followed their website recommendations. The newsletter divided up stock recommendations along long-term thematic investing trends like AI, 5G, EVs, online gambling, precious metals, crypto, data analytics, etc). + +Their basic principal is long-term investing along big emerging trends. There were about 50 stocks or so in the portfolio at any given time, but since they do long-term investing, many had been in there for years and they offered no advice on how to enter a trade they had entered 4 years ago. So I never did. + +Here are the ones they recommended as buys that I actually bought: + +**Pct of Recommendations Up: 27%** + +**AVG Return**: Not able to calculate this since I didn’t take advice to hold long term for most + +EV Maker. Return: -100% + +I purchased some call options in this EV company (name blocked by mods) because they made an announcement the company was a shoe-in to get an $8B EV supplier contract with the U.S. Postal Service. They claimed there were no other competitors that made EVs and therefore this would be a game changer for the company. I didn’t do my own due diligence, stupidly. A few weeks later, the award went to Oshkash, a defense contractor most known for making military vehicles. Oshkash[ partnered](https://www.caranddriver.com/news/a36826291/ford-supplier-usps-postal-truck/) with Ford on the contract to make the EVs. I lost 100% of my call options on this poorly sourced news piece. + + +7.15.21. Buy SWBI. Smith and Wesson: -40% since then. I sold it when there was a pop for breakeven returns after a shooting, which triggered an increase in price, sadly. + +1.4.21 Buy Chinese Pharma. Return: -48% + +The return here has not been good as of late but it was up and I’m holding anyway as this company is the gatekeeper for a lot of large Pharmaceutical companies (Novartis, AstraZeneca, Amgen) to get into the Chinese market. In my view, it was a good recommendation and was largely up until recently. + +1.21.21. BUY (Block by mod bots): Return: +100% or 0% Correctly predicted the stock would double. It did, then gave up 100% of its gains. Glad I sold it when it doubled. + +1.22.21 Buy ad company (blocked by mods). Return: -76%. My stop loss triggered at -12%. + +2.1.21 Blocked by mod bots (rare earth minerals company). Return: +32% This was a good pick. I actually bought on the rec and made about 50% from trading options and selling covered calls. I would not have known about this stock without them. I plan to buy it back at 25. They are one of the few providers of the rare earth minerals in every electronic outside of China. + +2.4.21 Buy ACAD - Acadia Pharmaceuticals. Return: -71%. Their report cited 30% revenue growth and a robust pipeline of drugs. Revenue is around 17% growth now. At one point it had doubled in value. I’m still holding. My lesson learned: trade biotechs, don’t hold them. + +2.5.21 Buy REDACTED BY MODS. Return: -60% + +Straight downhill since the recommendation. Touted as a cutting edge AI/Machine learning data analytics company I bought 100 shares. Revenues are up 50% y/y but I sold it in February 2022 for a -20% loss. + +2.10.21 Buy rare earth minerals company. Return: +69% + +Another good pick in a sector I knew nothing about prior to their recommendation. I have since sold it but was up +60% when I closed out. I will buy it again at some point when commodity prices have cooled. + +Feb 2021 Buy ILMN (Illumina - genetics company). Return since: -49% They pushed this stock hard and it tanked after each[ recommendation](https://investorplace.com/2021/08/ilmn-stock-will-be-unstoppable-once-the-grail-acquisition-gets-approved/), which made me believe it was a pump and dump job. I traded options on this one and cut losses -28%. + +2.19.21. Buy (blocked by mod bots) Return: -94% Thankfully stop lossed this one at -7%. + +Feb 26 2021 Buy FTCH (Farfetch 2nd hand clothing): Return: -85% I traded options on this one, using their[ recommendation](https://investorplace.com/hypergrowthinvesting/2021/02/farfetch-stock-buy-the-dip-in-ftch/) as the pump I dumped and made 20%. + +2.5.21. Buy (Blocked by mod bots). Return: -72%. Still holding. They offer sports gambling online and were growing revenues 75% y/ but it’s slowed to 16% growth. + +2.10.21 Buy online gambling co (blocked by mods). Return: -15%. Bought this one as the online gambling is doing well. We shall see. + +12.17.21 Buy NIO. Return since: -55%. I traded a few options on it but generally think EVs are overvalued and risky given the huge capital expenditures and exposure to macroeconomic issues. I ended up a few percent as I sold after an initial bump. + +&#x200B; + +Note: Wrote this a week ago and much of the recs I couldn't put in because of the mods banning discussion of them +Hello all, + +I just started a new job, and upon declaring my personal trading accounts, my employer has instructed that I need to close my LISA - this, of course, will come with 25% fee of my total £11,000 holidings. + +Does anybody know if they can make me do this without covering the fees themselves? As a graduate who only left uni a couple months ago, this is a lot of money, and I want to keep the bonus for a house purchase. + +They do have one authorised broker who provides LISAs (Hargreaves Landsdown), but HL don't accept the transfer of existing LISA's over to them. + +&#x200B; + +Any suggests are much appreciated. + +&#x200B; + +Thanks +Hello all, I've made a few posts on here before with plays that actually hit when I spend a few hours/days doing some actual SOLID DD. + +If you scan my posts, you'll notice all my option plays hit. There is a reason for this. + +Aside from noticing when to jump into the trade, or noticing where a good setup is, a bunch of people send me messages asking me what I look for when evaluating a good trade or how I know a good trade is going to come within the next few weeks or months. + +This is some of the basic stuff I look for every single time I think about opening a position on a stock. I am going to try to break this down as simple as I can since I am paraphrasing from the free-education section of the Discord I run. + +1. Find the stock or ticker. Perhaps you heard of this company through a friend or with positive news? Is this your first time looking at the stock? Doesn't matter. Open the chart, put it on the D (daily) or W (weekly) chart. LOOK AT THE BIGGER PICTURE. Are you in a downtrend? Uptrend? What is going on with the stock? Have people been pushing it up for 2 weeks and you're just NOW thinking about getting calls? NO! +2. **THIS IS THE PART WE ARE REALLY LOOKING AT :** What are their fundamentals? You want to look at 2 big things here above all else. **Free flow cash, and Long term debt.** These are the 2 most important things I look at when I determine if I am going to BUY(long) or SELL(short) a position. There is no exceptions. This is also what big name institutions are going to look at right off the rip aswell. They will ask themselves **"Why would I invest in a company that cannot produce a profit?"** + +Example + +&#x200B; + +[ZIM FINANCIALS](https://preview.redd.it/eqowjv9zs9c81.png?width=1663&format=png&auto=webp&s=96a587e62cac966445a2000fdf5c4b7a1e220e2f) + +&#x200B; + +&#x200B; + +[ZIM CHART](https://preview.redd.it/s6ho7xk1t9c81.png?width=1150&format=png&auto=webp&s=48c6445289d6314d66038a27a32927a19d777604) + +&#x200B; + +Now, let's compare this to... idk, PLTR for instance since so many morons love this company who's CEO get's lost in the woods smoking weed and making insane investor videos that never work out. + +&#x200B; + +[PLTR FINANCIALS](https://preview.redd.it/vx2c5ff5t9c81.png?width=1677&format=png&auto=webp&s=980bc7385a22a58b59c81b7777bef27a3159d2be) + +&#x200B; + +https://preview.redd.it/ix3qc48zjbc81.png?width=1145&format=png&auto=webp&s=ddf189fa0e9f20275af57a4681b89d3af3b84221 + +And the chart + +&#x200B; + +3. Great, now we know which companies to look for and which ones to avoid, but where do we find such great companies that are safer bets than these other cheap ones? The answer is all around you. Think, what companies will ALWAYS be around? I'm not talking about tech companies or that kind of thing, what are humans ALWAYS going to **NEED?** Housing, Food, Energy, (all types) Safety, Materials, etc. Keep in mind, you're separating the NEED from the WANT here, + +**HD is a need. It is not a want.** +**COST is a need. It is not a want.** + +Big investment companies know this, and they will always buy these stocks, no matter what. + +These are companies that will ALWAYS be around unless something catastrophic happens. I pulled up a chart of some 500 companies and circled the ones I would choose to go after. + +https://preview.redd.it/kbnfb7qat9c81.png?width=741&format=png&auto=webp&s=869a89f5bd90391528ac124d17cff3c5b6765367 + +&#x200B; + +4. Okay great, Now we found what company we want to buy, we found out multiple other things aswell. We found out if the company **ADDS VALUE** to the rest of the world and that is what makes it attractive to both new and old investors. We found out that this company will keep going up, aside from some minor setbacks and profit taking. We found out that overall, a long term play on this company is **MORE THAN LIKELY** going to work out. Awesome and great. + +5. The setup + +Alright, now let's say we wanna buy some company that will yield us a good return (long calls/ stock) like COST or HD. Let's pull up the charts then. + +&#x200B; + +[COST CHART](https://preview.redd.it/31lfq3tct9c81.png?width=1155&format=png&auto=webp&s=eb1717b3dbb4990a93c072a4f311744448e6847d) + +&#x200B; + +Naturally, we want to want to **LOAD AT SUPPORT**. (IE: WHERE THE RED LINE IS ON THIS CHART OR BELOW IT AT PREVIOUS SUPPORT) Not just randomly jump into a run on a random day at a random time. (If you are DAYTRADING, that is completely different) + +I am about to give you guys a huge secret on how to make fat cash because I see so many other people do it. When you see the stock hit the 100/180 SMA, this is where you load. This is where all the "heavy/smart/big" investors will also load. They load here with long dated calls and lots of stock, and they fucking wait 1-3 months to reap the rewards. Generally this occurs more on an ETF than a stock, but a good stock will have this happen aswell. Don't believe me? Okay, let's check out the SPY to compare. + +&#x200B; + +[SPY DAILY \(d\) CHART](https://preview.redd.it/3zztrhmet9c81.png?width=1734&format=png&auto=webp&s=de4772f298055dec8111ad6510419857fe809fc3) + +&#x200B; + +Funny, seems that if you loaded 1-3 month out spy calls every time in the last 2 years that the SPY hit the 100/180ish SMA it always rebounded. Government buying or not, it's what happened. EVERY SINGLE TIME, if you bought 1-3 month out calls, they would have printed. **EVERY, SINGLE, TIME**. + +I believe this is also called "The Golden Rule" or some other super smart investor term, idk. + +So, to summarize what we have learned: We find good companies with good financials and good backing, put it on our watchlist and set alerts for key points of support. We trade the confirmation, not the hunch. Like if you're day trading, you trade the breakout not the chart. + +I hope this makes sense to everyone I've tried to make it as simple as possible, if you have any questions please feel free to comment below or DM me directly. If you feel like I am wrong in any way with what I have said here, then please, feel free to make your own post. + +Side note: I am not some kind of Jim Simmons Guru, nor do I claim to be. Just someone that knows how this stuff works on a machine-like aspect. + +Hope this helps. + +EDIT: To answer multiple questions at once, Webull doesn't have an SMA button, it's either EMA or MA, so I just added more EMA indicators and adjusted the settings to where the SMA's should be. + +I would probably add JnJ and Proctor Gamble to the list of NEEDS aswell. Pfizer makes a lot of drugs sure, but they are not JnJ or PG. +First let me start by saying this is not intended to be FUD but I find it very concerning. + +Yesterday I made a post which showed an account committing 50 million Algo to the governance. Upon further research this account belongs to the Algorand Foundation. If you look at the algo block explorer, you will see the Algorand6 account deposited these Algos to the account and proceeded to commit them to governance. + +https://algoexplorer.io/address/OVAA75Q4VPN7JLKD6GEKBRV6WEEZSQTN5H6RVR2XM4JMR3WXSABY4VAT6E + +And here is the link to the governance page showing the 50 million committed. + +https://governance.algorand.foundation/governance-period-1/governors/OVAA75Q4VPN7JLKD6GEKBRV6WEEZSQTN5H6RVR2XM4JMR3WXSABY4VAT6E + +Here is the link to the Decentralizing Algorand Governance Proposal which explicitly states + +"The Foundation will set up the votes but will not participate in the Governors’ program." + +https://prismic-io.s3.amazonaws.com/algorandfoundationv2/1f4bd113-3f64-4d3e-b69b-bcd988305359_ALG102-21Q2-C_Governance+Proposal_en-IE_FINAL.PDF + +I'm sure I am not alone when I say we need a real explanation from the Algorand Foundation for the sake of transparency regarding this situation. Who does this 50 million Algo belong to and how/who did they acquire it from? + +I sent a transaction of 0.001 algo to this account yesterday with an attached message which links to my reddit post yesterday and will do the same for this post so it will be immortalized on the Algo blockchain. + +Edit: Some users have pointed out that this may be an Algorand Inc account which is different than the Algorand Foundation. Even if that is the case, I still believe this warrants a detailed explanation and transparency is required showing where these two supposedly separate entities are collaborating and for what ends. + +Edit 2: It appears that these are Algorand Inc accounts. I have also discovered that up to 20 of these accounts have been moving Algo to other addresses for what appears to be staking/governance purposes. I don't see any scenario in which the foundation didn't know Inc would be participating, yet they chose to withhold that information. + +Edit 3: If Algorand Inc commits most or all of their Algo for governace, I'm done with this project entirely. They will have broken my trust and the idea that this was marketed as decentralized governance will be proven to be a lie. The Foundation and Inc are going to do whatever they want and I want nothing to do with the illusion of choice. I can almost guarantee Inc and the foundation decide what we can even vote on to begin with. + +Edit 4: It now appears that all of the Algorand Inc accounts have begun moving algo to wallet addresses in order to commit to governance. Here are some of the addresses. + +GJ6GCRYD2Q6O5OOGA3A747JBPPEDTKF326ZEX2S6ZZVLK56Q2COECGVHM4 + + +https://ibb.co/pvFQBFL +To not violate /u/theymos' stated "rules", or at least make him commit incredible hypocrisy, I shall neither link to the post in question nor mention a certain alternative-client by name. But suffice to say, test code for a certain Bitcoin client was released, and the corresponding post on this sub was swiftly banhammered. + +Here is the question: A very loud group of Core devs have been shouting "hard fork is going to doom us all" for a while now, and using that as the basis to argue against any alternatives. + +That is fine. Debating is fine, attempts to convince people is fine. Without it the community won't be able to function at all. + +But what warrants censorship? What can be so dangerous, even the _idea_ of it must not spread in the bitcoin community? What is so detrimental to the community, that a call to test some code that _directly_ relates to the foundations of Bitcoin must not be known? + +Sounds familiar? Except this is way, way worse than government censorship, because Bitcoin is _supposed to be_ permissionless. + +Think about the implications if they are right: They are essentially saying that without the need for 51% attack, without the need for Sybils or DoS or physical violence, Bitcoin is vulnerable to a man on a soapbox with some code. + +Alright, what if you agree, and think an alternative is so dangerous, the unwashed masses trying it out will doom Bitcoin - and hence we need a benevolent group of wise men to enforce the one and only true client? + +Think about the implications. What drew you to Bitcoin in the first place? It's permissionless, and it's _trustless_: The only thing you're trusting is that the majority of miners and nodes aren't out there to screw you, and they have good reasons in self-interest not to screw you. + +But in this case, you're choosing, instead, to _trust some 10-20 people_, "top devs", to keep you safe. Think about it. Tomorrow a fatal bug (say, 0.0001 BTC is redirected to Satoshi/NSA/insert-conspiracy-actor-here every single block) can be discovered, and as long as the conspirators compromise /u/theymos and a very small number of top devs, you will never hear about it, and the plebs must not decide for themselves, because _those are the wisemen_. + +This is against _every_ reason why people are drawn to Bitcoin in the first place. This is the very centralized control that you fled from in the first place. + +What is the alternative, you say? + +Perhaps Bitcoin is not so vulnerable. Perhaps, (to heavily paraphrase Wladimir) if Bitcoin is vulnerable to a bunch of people coding and persuading others, it is not a worthy project after all. Perhaps people can review codes, and correct course if they think it's unworthy. Perhaps people using Bitcoin, mining and running nodes, can make their own decisions. Perhaps people choosing what they think is best for their self-interest is going to be alright, and perhaps they should be allowed to see information from all sides. _Perhaps Bitcoin is not vulnerable to the free flow of information_. + +Whatever your stance on the protocol, the code and the policies of Bitcoin, you gotta make a choice on something more fundamental: + +**Do you believe in an open and permissionless network, or do you think Bitcoin will die because someone published some code and people are allowed to know it?** + +The choice is yours. + +EDIT: A couple people have apparently started a chain-PM campaign to tell people about the state of the censored-alternate-client. I feel obliged to apologize if you got unsolicited PM as a result of this post; I know how annoying that is. If you don't know what's going on and would like a very, very brief explanation (read: a link and one line), PM /u/hellobitcoinworld or myself and we'll try our best to inform you whenever available. + +Mods, this is also food for thought: Think about what happens when well-intentioned people are censored and forced to converse in a dark corner. Just... think about it, alright? One of these days actually malicious people is going to take advantage of the confusion and distrust that you sowed, and we'll all be worse off. +AusSuper, for example, have investment fees of 0.6% for the balanced option + an admin fee of $2.25/week. Even with the $25k concessional contributions, each contribution still incurs is 15% tax on the way in. + +Compare this to holding Vanguard funds with management fees around 0.22%, and PAYG tax rate, you can still be ahead of super over 30 years assuming all else is equal. Especially if you release the funds as an income stream as a couple in retirement ($36k tax free per year, negating CGT. + +So if the outcome can be the same, why do people elect to lock the cash away? Surely the opportunity cost of Super makes ETF investing a no brainer by comparison? + +Or have I missed some math? Is it to do with compounding a bigger amount, since we make contributions with salary anyway? + +EDIT: What a great community. Thanks guys. +I’ve recently applied for a contractor job that pays about 17% more than my current full time job. + +However I just read online that I would need to register for an ABN and pay GST if earning more than $75,000 which I do. Is this true? Does that mean that I would need to account for a 10% GST deduction in the contractor rate (not accounting for leave benefits I would lose)? + +Edit: just want to clarify that the 17% is already taking into account the super and annual leave. It’s through a recruitment agency and I’m given an hourly rate which I’m simply converting to a rate without super and multiplying by 38 hours and 48 weeks to compare to my current annual salary. + +Edit: I’m in the IT industry if that helps +I've been selling options for 5 months with decent success. I've created a set of rules for myself and rule #1 is only play with securities you're ok holding for awhile. With that said, I'm asking those that have a similar rule when they have strategically broken it or have made an exception. + +Currently I'm the "proud" owner of 200 shares of PLUG at $60/share, 100 shares of OSTK at $82/share. I'm selling covered calls on them, but as the price of these securities continually fall, I'm noticing myself going further and further out to get minimal credit (like 3 weeks out for $100). If the securities keep falling, should I hold true and keep selling covered calls? Has anyone "reset" by taking the loss, giving up the shares and starting over. I'm hesitant to do this as this isn't wheeling but I also don't want to be bag holding. + +What the longest one has gone to complete the wheel for a security? + +&#x200B; + +Thanks +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. +Yes, I know its a meme stock. The IV and thicc premiums drew me in when I first started. I have since shifted towards covered calls, cash secured puts, LEAPs and PMCCs on AAPL, RCL and AMD. + +The goal for AMC right now is to smartly, even if that means taking a few months, get away from it and focus solely on more established companies + +I was hoping to get your feedback on the spreadsheet in the picture. Looking for lessons learned, things you would have done differently, or even your own experiences. + +Thank you in advance. + +https://preview.redd.it/5xd56dswrlt61.png?width=1749&format=png&auto=webp&s=87473cef7622d50b76ee97adf59fc49521fccf36 +Volatility is going down. Markets are up. Everyone is cheering the economy re-opening. The S&P 500's annual performance is gradually catching up to my OTM put selling portfolio, and will likely outperform it unless I decide to take on more risk and sell closer to ATM. + +It's always a good time to continue selling puts for sure. I see the market topping out again. + +Coronavirus is not over. There is a slight risk that cases will rise and might shut down the economy again. (But honestly, given that so many people are breaking social distancing now because of lockdown fatigue, it is likely that people will decide to decide that the risk of contracting the virus is low enough to continue daily life, especially for those who are younger.) Valuations (despite Fed support) are still outstripping vastly reduced earnings. + +Regardless, most of news has been priced in at this point. This is one of those cases where if you see some red on the indices, you will sell your long puts or long VIX calls and realize the gains before they disappear. +I feel like I’ve been spoiled the last few months. Premium has come way down. Gotta adjust back to the normal grind. Going back and checking tickers you sold premium on for a few hundred only be 60 bucks is tough :( +I'm thinking of the best way to get rid of assigned stock ASAP without loss -- either long or short. This is my proposal so far + +Getting rid asap can be helpful in a wheel strategy because + +* Free up capital for continue wheel +* Reduce risk +* Reduce margin interest + +Part 1: Long stock - assigned after covered put + +* Find the shortest CALL option DTE where strike price + premium > cost basis. The option is likely to be ATM or ITM +* Pair with long stock and sell it + +Example of long stock + +* CSP Put strike was $250 +* Long stock fell through and got assigned when market is $240. Cost basis is $250 +* 7 DTE Call option is available at $238 for $13, which reduces the cost basis to $250-$13 = $237 +* We're happy if it gets called away at $238 since it's above our cost basis +* Risk -- if the stock continues to fall below $238 + +&#x200B; + +Part 2: Short stock - assigned after naked call (or cash-covered naked call) + +* Find the shortest PUT option DTE where strike price - premium > cost basis. - The option is likely to be ATM or ITM +* Pair with the assigned short stock and sell it + +Example of long stock + +* Naked Call strike was $250 +* Underlying rose through and got assigned when market is $260. Cost basis is $250 +* 7 DTE PUT option is available at $265 for $16, which increases the cost basis to $250+$16 = $266 +* We're happy if it put executes at $265 since it's below our short cost basis +* Risk -- if the stock continues to rise above $265, this is when the put doesn't execute +I love keeping a journal and track my transactions (honestly, I do it on a paper and in a spreadsheet...) + +What do you log in your trade journal? Just the underlying, expiration, premium? Or are you logging the greeks at the time of purchase? Or are you going even further and logging current market conditions, your DD/TA, what you ate for breakfast that day? +I'm thinking of the best way to get rid of assigned stock ASAP without loss -- either long or short. This is my proposal so far + +Getting rid asap can be helpful in a wheel strategy because + +* Free up capital for continue wheel +* Reduce risk +* Reduce margin interest + +Part 1: Long stock - assigned after covered put + +* Find the shortest CALL option DTE where strike price + premium > cost basis. The option is likely to be ATM or ITM +* Pair with long stock and sell it + +Example of long stock + +* CSP Put strike was $250 +* Long stock fell through and got assigned when market is $240. Cost basis is $250 +* 7 DTE Call option is available at $238 for $13, which reduces the cost basis to $250-$13 = $237 +* We're happy if it gets called away at $238 since it's above our cost basis +* Risk -- if the stock continues to fall below $238 + +&#x200B; + +Part 2: Short stock - assigned after naked call (or cash-covered naked call) + +* Find the shortest PUT option DTE where strike price - premium > cost basis. - The option is likely to be ATM or ITM +* Pair with the assigned short stock and sell it + +Example of long stock + +* Naked Call strike was $250 +* Underlying rose through and got assigned when market is $260. Cost basis is $250 +* 7 DTE PUT option is available at $265 for $16, which increases the cost basis to $250+$16 = $266 +* We're happy if it put executes at $265 since it's below our short cost basis +* Risk -- if the stock continues to rise above $265, this is when the put doesn't execute +Just wanted to see what the mods plans were for this subreddit going forward. Are there plans to try and grow this sub? Are there other places people are gathering that is sub approved? + +Selling USO, DAL, and LK this week. +Can you give me some context on how the strategy faired/challenges/performance compared to this year. + +For context I started deploying these strategies in Dec 2019 but wondering what the more experienced fellas around here have to say. +EDIT: Thanks for the awards. First post turned out to be a success :D + +I’ve been in crypto for many years. When I mean many years I mean I saw bitcoin at 300usd and eth at under 10usd. I’ve been through a bull and bear market. I’ve seen what works and what doesn’t. + +My honest advice to someone who’s new to this game is: + +1. Identify a coin you’re interested in and do good research on what they are trying to achieve. Think of whether they will have an impact on society in the next decade or so. + +2. DCA! Every month just allocate a small amount of your paycheck to your chosen coin. Mine was ethereum. I did this for 3 years straight. + +3. Do NOT try day trade. I mean if you want to try it out go ahead, but from past experience ive just seen people lose no matter what when they are day trading. The long term holders always win. + +The secrete? Accumulate and hold until your comfortable enough to take profits. Never sell at a loss unless in an emergency. + +The people i know who followed these obvious steps changed their lives for the better. I still believe there is opportunity for people to change their lives with crypto. Just don’t let greed blindside you. + +Thanks for reading. This is my first post on this subreddit so I wanted it to be good. + + +[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!* +Looking at today's price action, with the complete lack of borrowable shares and sky-high borrow fees, all i can think of is the Hunter S. Thompson quote from Fear and Loathing in Las Vegas: + +"The only chance we had now, I felt, was the possibility that we had gone to such excess that nobody in the position to bring the hammer down on us could possibly believe it." + +In for a penny, in for a pound. Too big to fail. If you owe the bank a million dollars, thats your problem. If you owe them $100 million, thats the bank's problem. Its all the same idea. + +Basically we're seeing naked shorting all the way up to the finish line. What else are they gonna do? Give up and pay? Not until they're absolutely forced to. They're going to keep making the problem bigger and bigger. Theyre already fucked, what have they got to lose? + +Hold the line, keep on buying. Its in Cohen's hands now. Papa bless. 🙏 💎 +NFTs are ruining crypto's reputation. + +- Game developers such as UbiSoft are shoving NFTs down gamer's throats, and they hate it, gamers ridicule it saying it's the worst thing that ever happened to video games in recent history, + +- Turns out Melania Trump sold her own NFT to herself to boost the price giving NFTs a bad rep, + +- Majority of regular people when asked about NFTs say they are stupid, and most of them don't even understand what NFTs are, don't believe me? Ask your coworkers on Monday about what they think about NFTs, + +- Even big YT channels such as Linus Tech Tips make fun of NTFs almost in every single episode of Tech Linked, +- General population is fed up with NFTs, + +- Even South Park makes fun of NFTs. If you are in a South Park episode you should know you've messed up big time, + +- People use NFTs to make a quick buck congesting the networks all the time increasing fees, + +- Right now we have thousands of different NFT collections and 99% of them are a worthless pieces of crap. + +Crypto space has become a laughing stock due to NFTs. It was cool and awesome when people were just buying cute meme coins for lols, but NFTs pushed it too hard and now people are fed up with them and start to hate them and start to hate the entire crypto space in general. + +The biggest enemy of crypto space is the crypto space. + +Change my mind. + +Edit: To clarify, the tech itself is great, but it should be used to verify medical records, house ownership, verifying votes, verifying IDs etc. but not for selling pictures of rocks. It just makes crypto space looks childish and nobody will take us seriously until a real-world use case can be provided. + My friend bought a membership to six flags on my name, phone number, and email without me knowing (his payment card) and didn't pay off the rest of the membership. Six flags sent it to collections on my name and now a debt collector is calling me. I am a minor btw. Will this affect my credit report? +Allow me to explain. + +All these MSM reports of "reddit has moved on to XYZ stock!!" is bullshit. They are either framed in a positive or negative tone, usually negative, to attempt drive a price in a certain direction. Negative implying "oh shit, a bunch of idiot newbie investors are going to pump up and dump a stock!" or positive in that "some of the clever internet sleuths have found the new buy!" + +Whatever it is, it's not to help you. It's to manipulate the market. + +MSM is not your friend, if you followed CNBC's investing advice exactly, you'd barley beat inflation with your gains. They literally exist to regulate sentiment in the population. And while you SHOULD watch these things, and read crap like WSJ sometimes to get a feel for what kind of BS they're trying to shill or what ideas they want you to absorb... you DON'T make money listening to these sources. + +Reddit has gold on it. Most of you people are idiots, but some are actually extremely educated and intelligent investors who decide to share their golden nuggets with us. +R2 Has been Released! [https://www.reddit.com/r/Superstonk/comments/nbdvii/moass\_checklist\_for\_apes\_things\_to\_think\_about/](https://www.reddit.com/r/Superstonk/comments/nbdvii/moass_checklist_for_apes_things_to_think_about/) + +It's the weekend again! I've revised and updated the content to integrate new items the HiveMind has identified in the past 2 weeks. + +New content addresses or elaborates upon: Electronic Security, Recordkeeping, Physical Protection, Exit Strategies, Negotiation, Finance/Tax/Wills and Making the World Better Post MOASS. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Ok Apes! I know what you are thinking - 'I'm so bored, the weekend sucks, how much longer to Monday?'. Grab your crayon sticks and let's try and grow some brain wrinkles in the process. I have just what the Dr. ordered - a shiny newly revised MOASS Launch Checklist! + +There are *responsible* things you need to start thinking about before, during and after the rocket takes off. Why? Because people who are known to have $$$ (e.g. announced they won the lottery) have grandkids kidnapped and threatened and worse. Some winners are killed. You probably want to read [this](https://www.ar15.com/forums/general/-/5-749519/?page=1) and start taking it seriously. Yes it's long, but don't worry, I summarized... but then needed to add good stuff so it's still long! No TLDR either. Sorry, not sorry! This is **IMPORTANT.** + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +# Before Rocket Launches + +**ONE.** **Don't tell anyone you haven't already.** Anoymity is your first and best defence. Be the millionaire next door that no one realizes is a millionaire. A Lambo, other than a rental experience, does not help here. + +Have a look at this 20s video: [https://www.reddit.com/r/Superstonk/comments/n1t3xo/this\_is\_how\_i\_picture\_the\_mods\_when\_a\_particular/](https://www.reddit.com/r/Superstonk/comments/n1t3xo/this_is_how_i_picture_the_mods_when_a_particular/) + +This was an attempted kidnapping. Would you be able to respond like that? Would your spouse? Your kids? Do you want to live in a mindset where you need to be constantly aware of a building's entries, exits and where your back is facing? Proper security for **known** ultra-high net worth people includes things like bullet proof armored Merc with entourage picking up kids from school, significant home security, alarm dog, personal weapons and people watching (behaviours). +Have any of you talked with your parents (or siblings) about their retirement planning? I’m thinking of family members who might start looking your way if they’re short of cash in retirement. If so, what did you say and how was it received? If they opened up, were you surprised by their real financial situation? + +If you don’t talk with them and they find themselves “suddenly poor” when they retire (by choice or by circumstance), what are your plans? Do you think it’s better to bring this up while there’s still time for them to do something about it, and risk them being upset that you did, or do you think it’s better to wait and deal with the potential fallout later? + +I’m amazed that some of my late-fifties/early-sixties friends haven’t done basic retirement math to understand if they’re OK. A couple make six figures and spend like they’re set for life, but aren’t close to financially ready to retire. I feel for their kids – they have every reason to expect that Mom and Dad will be OK, and will have some hard decisions to make and/or boundaries to set when they’re not. + +My parents are fine, but I have a sibling who probably isn’t (and who could reduce spending a lot if it were a priority). I’m not sure what to do with that one. +&#x200B; + +[https://www.youtube.com/watch?v=1AiJNvKB6Ws&t=5s](https://www.youtube.com/watch?v=1AiJNvKB6Ws&t=5s) + +What do you guys think about this?? + +Timestamps: + +[00:00](https://www.youtube.com/watch?v=1AiJNvKB6Ws&t=0s) Why haven't you heard of Aladdin? + +[00:48](https://www.youtube.com/watch?v=1AiJNvKB6Ws&t=48s) Is this important to you? + +[01:09](https://www.youtube.com/watch?v=1AiJNvKB6Ws&t=69s) The most fascinating story on Wall Street + +[02:43](https://www.youtube.com/watch?v=1AiJNvKB6Ws&t=163s) How does Aladdin work? + +[03:50](https://www.youtube.com/watch?v=1AiJNvKB6Ws&t=230s) How Aladdin became unstoppable + +[04:33](https://www.youtube.com/watch?v=1AiJNvKB6Ws&t=273s) 2008 Global Financial Crisis + +[06:17](https://www.youtube.com/watch?v=1AiJNvKB6Ws&t=377s) What do YOU think? + +[07:36](https://www.youtube.com/watch?v=1AiJNvKB6Ws&t=456s) 2020 Crisis & the $6 Trillion Supercomputer + +[08:36](https://www.youtube.com/watch?v=1AiJNvKB6Ws&t=516s) Larry Fink & China? + +[10:04](https://www.youtube.com/watch?v=1AiJNvKB6Ws&t=604s) What's next? + +[10:40](https://www.youtube.com/watch?v=1AiJNvKB6Ws&t=640s) What can we do? It's up to us + +[12:12](https://www.youtube.com/watch?v=1AiJNvKB6Ws&t=732s) It's what you know that just ain't so +Looks like my dearest pennystock: High Tide Inc. is getting shorted; + +&#x200B; + +https://preview.redd.it/xgzqcdzcx8i61.jpg?width=567&format=pjpg&auto=webp&s=ca2554d352827ebbd084eac35059068f3e80685d + +sources: [https://fintel.io/ss/us/hitif](https://fintel.io/ss/us/hitif) & [https://otcshortreport.com/company/HITIF](https://otcshortreport.com/company/HITIF) + +OTCshortreport even claims it's up to 57%! + +&#x200B; + +I think we need some more buying power against these shorters! + +&#x200B; + +With a bright future ahead and Q4 and 2020 earnings just around the corner (read: 1st of march 2021, source: [https://www.newswire.ca/news-releases/high-tide-to-announce-fourth-quarter-and-full-fiscal-year-2020-financial-results-854161699.html](https://www.newswire.ca/news-releases/high-tide-to-announce-fourth-quarter-and-full-fiscal-year-2020-financial-results-854161699.html)) this feels a bit crazy! The earnings are probably going to be higher than expected and the market is only increasing. If you're looking for a good pennystock, look no further. + +&#x200B; + +For more information about the stock; check out *this* AWESOME DD. Credits to u/Penniless + +[https://www.reddit.com/r/pennystocks/comments/kz0lx7/high\_tide\_inc\_hitifhiti\_a\_rising\_tide\_will\_lift/](https://www.reddit.com/r/pennystocks/comments/kz0lx7/high_tide_inc_hitifhiti_a_rising_tide_will_lift/) + +&#x200B; + +*Disclaimer: I hold around 3000 shares for the long term, either way | Averige price I payed: $0.42 and €0.36. I am no financial advisor.* +To whom it may concern: (I’m aware most of you know how to properly diversify). + +I see some investors on here being invested in multiple tech equities, APPL, TSLA, AMZN, SONO etc. and talking about how well diversified their portfolio is. + +Just a quick reminder than having a diversified portfolio means that you have equities with ‘negative correlation’, and/or no correlation in addition to being diversified into different asset classes (equities, fixed-income, cash)(ex. stocks, bonds, mutual funds, ETF’s). + +Or into different market caps, levels of risk, growth/value, sector/industries as well as domestic and foreign investments. + +Any political, economical, or social catalysts that can affect the tech industry will most likely affect all your investors at the same time, in the same way, therefore just a quick reminder that having a portfolio consisting of only techs does not reduce the overall risk in your portfolio, and if anything, increases it, as such, you are not ‘Diversified’. + +This doesn’t just apply to techs, it applies to any portfolio that only has positively correlated assets within the same sector/industries. + +Edit: This post is about the concept of having a diversified portfolio, not rate of return or investment objectives, capital limitations etc. Pls keep comments and topics relative to diversification. +Literally no other "crypto" YouTuber can say that about themselves. They're all "BITCOIN'S GOING TO EXPLOOOOODE BECAUSE OF THIS INDICATOR!!!!!" + + +Matthew is calm, collected, and clearly just interested in making consistent and educational content. + + +If you've never heard of or seen his channel, I highly recommend going and giving him a listen: https://youtube.com/c/TraderUniversity + + +Anyway, if you're on the sub, I just want to say Thank You Matt! And please keep up the good work. 👍 + +[Edit] I used the term "diety" because I have respect for his creative consistency, NOT because I'm hanging on his every word for advice on how to live my life or invest my money. Chill. +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. +Of course, I know, "this time it's different". And to a degree you would be right to say that, I don't think that what happened last time will necessarily repeat itself. But some people still try to pretend that this is normal market volatility and there were dozens of dips like that in the past - looking at the data, this is really not true. The biggest dips for Bitcoin were (all values in USD): + +* 3,014 to 1,927 (36%) in June/ July 2017 +* 4,863 to 3,100 (36%) in September 2017 +* 7,462 to 5,867 (21%) in November 2017 +* 18,491 to 15,266 (17%) in December 2017 + +Then BTC reached its top at 19,665 and you know the rest, drop to 3,000. + +Currently we have dipped from 64,805 to 39,314 - 40% (**edit: a few hours later, it's 31,000, so we're at more than 52%!**). I'm not saying this necessarily is the big crash, but don't pretend it's just a regular dip. It's a huge one, and it might be the next big crash. +Hi guys and gals, + +I am posting in search of advice. I am working for some times on a neural network to predict prices of the market (particularly on the cryptocurrencies market). + +It turned out that I recently achieved to get unexpectedly good results. To be more precise, when my nn reaches a decent amount of confidence on its prediction (which happen about 10% of the time), its accuracy on predicting the trend on test data in 12 hours is more than 80%. There is nothing really new about the architecture I am using (hybrid convolutional/GRU layers), but the way I preprocess the data is original. + +I have not seen these kind of results in the literature, so I was wondering what should I do from here? Is patenting the idea a reasonable idea? And if I want to sell it, where should I start? Any idea of the value? + +Any advice is welcome, and if this post does not fit here, please tell me and I will remove it. + +Cheers. +Basically long story short we purchased an off the plan apartment in march and the developer has not even yet assigned a builder or obtained finance to get the project going. + +I feel we're mislead by the sales agent at the time of sale as we were told amongst other things that they were way ahead of schedule on the project with 18months a conservative timeline once presales completed (they've sold 1/11 apartment which is ours). + +My question is, the agent is telling me its not up to him and the developer makes the call on our contract. I am of the opinion that we were misled and deceived by the agent so it should fall on him as he sold us the apartment. I want to go to the ACCC with formal complaint against them if we cannot resolve it in the coming days. FYI the developer has told me to give him 4 weeks and if he still doesn't believe it'll go ahead he will allow us out of the contract. I don't believe that at all and fear they'll hold us up in a Web of lies to hold onto the sale. +I am 17, male, in Melbourne VIC. I’ve got about one year experience working as a kitchen hand in multiple different places. Right now I am working as a kitchen hand at two places but I only have 4 shifts a week at both with a lot of irregularity and shifts getting cancelled hours before. + +I have the rest of the year off of school and I’d like to work at least 12 hours every day to make some money but I just can’t do that when every place I go to offers few irregular shifts often on the same days when restaurants are most busy. + +Any advice on how I could do this would be appreciated. I have tried applying for other types of jobs but have been rejected by all, are there any entry level limited experience required type of jobs that have stability and also decent pay? (25/hr above)I don’t mind working overnight shifts, I might even prefer it since it wouldn’t overlap with my kitchen hand shifts which would be extras. +Article here: [https://www.cnbc.com/2020/02/11/household-debt-jumps-the-most-in-12-years-federal-reserve-report-says.html](https://www.cnbc.com/2020/02/11/household-debt-jumps-the-most-in-12-years-federal-reserve-report-says.html) + +In my opinion, the headline is misleading. While total debt is up and that is a metric worth keeping an eye on, "the level of household debt service as a percentage of disposable personal income is at [all-time lows going back to 1980](https://fred.stlouisfed.org/series/TDSP). " + +So we have more total debt, but as a % of household income, debt loads seem low. Of course, servicing could be low in part because of low interest rates, which can turn around fast. +Been doing this well over a month now and I made over 100k from 40k start and lost it all in no time at all. + +New momentum for 2022 is don’t do the same shit I did but do it in moderation so I’m looking for a smaller gains vs big ones because the loss is massive when taking high risk on high risk stocks in large purchases. + +Start low and average up or down if necessary. Yea I’ll miss out on large gains but I’ll also miss out on large losses. + +After such massive losses I was put in my place and it humbled me big time. + +I don’t pump and dump and I don’t participate in pump and dumps because if I want to get hurt I can injure my self in other ways. + +I went through the discouraging moments that nearly had me deciding to give up but I can’t give up so I decided be smarter and learn from those mistakes. + +Not every halt is a go but some are very volatile and worth entering. I found my self successfully trading the same stock multiple times a day and got greedy at the end only to lose it all back and sometimes lose more then I started with. + +Let’s see how much I learned in 2021 and how I can make things different in 2022. +My wife is a server/bartender and I just found out anytime a credit card is swiped, the processing fee is deducted from her pay. This is for every employee that is a server. Whatever that fee is, it's deducted. Is this legal? If not, how would we proceed? + +Edit: Found out this is legal if it's from the tips, not if it's from the whole bill. +Hey everyone. My wife has worked for the past year or so as an "assisted living coach", or otherwise known as an unlicensed CNA of sorts. She made $11/hr, which is the standard for this type of work in the area we live. She's been job hunting for a while, and finally received an interview for a company that does similar work, but for folks who are disabled through injury rather than autism. + +She nailed the interview, and was hoping to be making more around the $15 an hour mark. Through your advice, I was able to coach her on what to do and what not to do during the interview process and subsequent negotiation. She got a call back saying that she got the job! They wanted to pay her $12 an hour. With my advice in mind, she countered with $16 an hour, citing that she is experienced with a population that is difficult to work with, citing her past experience in the industry, and her bachelor's in psychology. They said that they would have to talk to HR and get back to her. + +They finally returned her call later that day, and upped their offer to $14/hr. Success! She took it, and couldn't be happier with herself. + +Ultimately, I know that this is not a lot of money, but the fact that she was able to successfully negotiate a higher rate for herself makes both her and I very proud. And I would not have had the knowledge to impart to her without this community subreddit. +For example I'm living in a cheap college dorm, and people here are jerks that get drunk and talk, listen to music until 2 am and I have to argue with them for quiet time. I can't afford normal rent so I'm stuck. It's exhausting and sometimes I let them have their way just because I'm so tired +Hello, I'm a long time lurker and been working towards FIRE before I even knew it's a thing. I think I have archived fatFIRE on paper and am a bit at crossroads how to move forward. I have saved up about 1M in cash and have illiquid assets ranging anywhere between 5M to 30M in a private company stock. I have no control or influence over when these assets become liquid but the company is working towards an exit. + +Lately I have started losing interest in what I'm doing and what has gotten me this far. On the cash savings side I'll not reach FIRE due to high cost of living and I don't foresee slaving away a yet another 10 years (I'm 40). On the assets side they can throw more equity at me but all I need is an exit to fatFIRE. + +Therefore I'm thinking of making a life bet and simply RE-early and stretch it. The company could of course go belly up but then I shouldn't have sunk the last 10 years into it and most definitely shouldn't sink any more time into it. + +What do you think? Is it silly or is it one of the things one comes to realize when enough is enough? +Since our NW has recently moved into 7 figure territory, I've been considering the pros/cons of an umbrella policy based on it being frequently recommended on this sub. + +Is there an optimal strategy for getting a quality policy at a reasonable price? I consider our lifestyle to be very low risk; we do not own any dogs, pools, trampolines, boats, jet skis, or investment properties. We do not own a home (we are renting), and have no children (yet). We have 2 cars, and I've heard that auto accidents are the most common reason for claims on umbrella policies. + +Given our NW, and that my wife is a doctor (i.e., people may assume she is 'rich'), an umbrella policy seems like a reasonable way to mitigate the unlikely but potentially catastrophic financial risk associated with personal liability lawsuits. + +Is an insurance agent or broker the right way to go? If so, what is the best way to find one? Or should I just call up my auto policy holder and ask for a quote for adding a 1MM umbrella to this? Maybe both? + +Any other tips or suggestions on where to start? Specific insurance company recommendations are also welcome. + +Thanks +I realize none of you actually care about making money, but on the off chance I can help one person then this post will be worth it. I have a list of rules I follow when I take positions, and I think you might find some value if you have a similar list. + +1. **Always trade to the long side - do not short.** There is an underlying elevating factor to the stock market - "stocks only go up." Although this is a meme, it's actually true. This means all bearish positions are fighting gravity by default. Go long, or go home. +2. **Pick a basket of individual stocks - at least 4 or 5.** If you have an 80% winning strategy, that means your basket will mostly win. If you have an 80% winning strategy and pick a loser, you're fucked. You work hard for your money, so don't fucking insult yourself by losing it you degenerate. Respect yourself and your money and stop giving it to theta goons. +3. **Only go long in an individual stock once you have a list of conditions**. Here are some of my conditions, and they usually work when I swing trade, as an example: + 1. The stock is currently trading above the 180 day SMA. + 2. The stock has a golden cross on the MACD. + 3. The stock has a candle close above the 9 day SMA. + 4. The day you enter in the position cannot be a new high. + 5. Never hold through earnings. + +These are all elevating factors. **To illustrate this point**, look at RAD over the past few weeks: + +**10/9/20**, you had most of these confirmation points. The trade went flat and you likely would have sold the very next day at a minor loss. I look stupid, right? + +But, look at **11/3/20** \- All of the elements listed above (**Except for #1**) are met, and the stock rallies hard. You could take this trade, but I like to have all my indicators met before I move. + +Then, on **12/2/20** RAD crosses the 180 day SMA (so all elements are met), and rallies again. This is where someone like me comes in. + +**Look at GME:** Yesterday it held above the 180 day SMA, it closed above the 9 day SMA, it had a golden cross, and it doesn't release earnings until March, so you can hold it for a while. You could have seen confirmation yesterday, bought in, and sold out today with a 5% gain. + +**I'm not telling you to copy what I do. I'm just trying to give you a basic, understandable, introduction to some simple technical indicators so you don't get burned.** Or at least, you get burned less frequently. + +**Also, final point: #4**. **Have a plan and stick to it.** Do you know why you have paper hands? Because you do not have a plan. There are lots of strategies online. There are people who only trade 3 bar plays. There are people who trade breakouts. There are people who trade on RSI. I don't care which one you use - just pick one and start making money. The sooner you have a plan, the sooner you will be able to get diamond hands because you'll know when you should enter and exit your positions. + +**Honorable mention:** + +[Tradingview.com](https://Tradingview.com). Check it out - it's charting software in the browser. **It's powerful and it's free.** I had no idea this was a thing until a few months ago. Changed my life and made screening so so so much easier. + +That's it. I hope this helped at least one of you guys not throw your Christmas money into the pockets of someone else. Merry Christmas. +It feels like I’ve been saving for a car for years. I initially started working at 17 (21 now) and could never save enough for a car because of bills, school expenses, food etc because where I live it’s considered lower cost of living (which is not that true) so minimum wage is still 7.25. My first job was a fast food restaurant and I would walk miles to and from work to save money but my neighborhood isn’t that safe anymore and even then I constantly got harassed more times than I can count. I had to start using cabs and Lyfts to work and at one point I was spending more than I made at a hardware store because of short hours with more days yet was fired for being late too many times because Lyfts would either cancel on me or arrive late. Now im training at a pretty high paying job but since I started on the end of the pay week and it’s biweekly, I won’t have a check until the middle of next month. I got a loan for cab fare and I scheduled last night ahead of time to be picked up an hour early, although the job is 16 minutes away, just in case. They came an hour late and I still had to pay partial cab fare. It’s so embarrassing and frustrating being a hardworking person but having to depend on others for transportation, because even used cars are too expensive and people are unreliable in general. I honestly don’t know what to do if I get fired because of attendance and I feel hopeless + +Edit: A blessing in disguise happened because they decided to just let me come back with the next orientation class on the 31st. I am supposed to get a small fasfa refund for this semester so hopefully it’ll come by then. Thank you all for the encouragement and advice +I work a shitty retail job at Dollar Hell, I'm a keyholder so when the manager is gone, I'm the MOD. I work late counting the deposit. Sometimes until 10:45PM when the money is missing, which it usually is because of the new cashiers losing money. My manager edits my time card to 10:15PM every night that I close, even when I'm there way past that. I have let that slide for weeks because I understand that we can't go over hours that the store is allowed to spend. But this bitch finally pissed me off. Payroll ends Fridays. Friday afternoon at 3PM I would have had 39.75 hours. I worked until 4:30 BECAUSE SHE WAS LATE TO WORK. So that gives me 41.15, right???? No. She took my time card and edited back to 3PM. + +Please someone give me advice. If I call the ERC, I will have to deal with an investigation and she will be on my ass permanently until she finds a way to fire me. + +Edit: I have a coworker on my side that says her hours have been cut a bunch of times too and if anyone asks her she will tell the truth. +First, I apologize if this post is not a good fit for this sub. I'll be honest - I considered posting it to /r/suicidewatch. + +I'm in my mid 40's and I don't have a college degree. I've been working in the IT field for about 18 years and have had a lot of high paying jobs. My last position was a contract job that paid about $40 per hour. Prior to that, I was making somewhere between $65k-$75k for the last 10 years or so. + +In May, my last contract ended and I made a move to another state. I had some money saved - enough to support myself for a couple of months while I was looking for work. After moving, I was able to land a new job within a month, but it didn't work out. I was fired after six weeks. + +Being fired sent me into a downward spiral. I've been unemployed now since mid September. The truth is that I simply don't enjoy doing IT support work any more. However, without a college degree I find myself very limited on the type of work that I can get. It *feels* like I can either go back to what I was doing, or get a job that won't pay enough to cover my expenses. + +The prospect of getting another job in the IT field (Systems Admin type work) is soul crushing and to be honest, I feel like death is a better option than working a job where I'm always on call and feel like I'm a slave. + +Over the last few years, I have not had stable employment - I've quit a few jobs and been fired from others. I don't think it's because I'm incompetent - the root of the problem is that I don't get along well with others. I always seem to develop a disdain for my managers and co-workers and that leads to conflict. + +I've tried to figure out what I would like to do instead of IT support work. When I got into computers as a kid, I taught myself to program - diving into basic on a C64 and then learning assembly language. I spend a couple of years in college learning other programming languages like C and Pascal (yeah, this was a long time ago). I had a knack for it - it's like my brain was wired for programming. During my time being unemployed, I've started taking some online programming courses. I think I still have a knack for it, but I need a lot more training to get up to speed on current languages. + +Right now, I an totally out of money and living with my parents. I've still been applying for Systems Admin jobs because it's seems like that's where I have the best chance of finding work. My credit card debt has skyrocketed - I owe about $40K. I almost have my car loan paid off - just over $700 left, or two more payments. I've had to borrow the money from family to make my last couple of payments. I can't really borrow any more. My family is not that well off. I've considered filing bankruptcy, but I don't even have the money for that. + +I understand that my situation is entirely my fault. I made enough over the last decade or so that I should have saved a LOT more money. I'm having a hard time getting callbacks from jobs that I've applied for. I know this is because (a) I'm unemployed, (B) have a spotty job history over the last few years, and (C) don't really have a great attitude about life in general. + +I'm just looking for some advice. Do I go ahead and just blow my brains out, alleviating the burden I'm creating for others? Do I just suck it up and get a job that I hate and live a life of misery? Is there another way out of this mess? + +I look back at what I've written here and I realize it's a wall of text that no one will probably read. I'm scared, confused, and hopeless and I don't know what to do. I fully realize that I may be mentally ill and that's the real key to my failure. It's not my nature to ask for handouts and I know that my problems are my own to solve. + + +Hi PF. Last week I was rear-ended in my one year old Honda Civic while waiting to turn right at an intersection. Damage wasn't horrible but there is an imprint of this lady's license plate on the rear bumper, including two punctures from the screws that hold the plate on. She begged me not to go through insurance and to just take cash. We exchanged information and I went to the police station, but the police person said it was not reportable. + +I went to two places to get quotes for fixing the bumper. One was $960 and the other was $660. I called the lady who hit me and told her the $660 price. She freaked out and said she never expected me to even call her. She passed me off to her brother and I never spoke to her again. + +I want to get my car fixed because it is so new, and I want to go to the $660 place because I liked them and they seemed reasonable. Also it's walkable from my place so I don't need to rent a car. I told the brother I thought he had an obligation to make things right but I'm not forcing them to pay me, and if he chooses not to, that's his decision. He got a quote of his own from a different place for $560 (they never saw the actual damage) and we agreed he would pay me that much, which he did. We exchanged emails saying that we agreed $560 was acceptable and the matter was closed. + +Today I got an email saying he got a more official quote for $450 and wants the difference back. Is it wrong of me to think that's out of line, or should I give it back to him? + +TL;DR Was paid $560 after being rear-ended. Later party said he wanted some of the money back. Should I give it back? + +EDIT: Thanks everyone for your advice. There was some really sound stuff that I will remember for the future. Note that the question was not "should I go through insurance". In Ontario where I am, you are not required to notify insurance if the damage is less than $1000. You are also not required to contact the police (this is why the police guy said it's not reportable). It's true that I could be missing damage underneath the bumper. Time will tell when I get the car back in a few days. I may be required to report if there is something else I didn't see. + +If even the insurance company doesn't require me to report it, then I don't think it should be up to me to potentially cost this person $1000's. + +Honestly, I'd rather pay the $660 (or whatever it turns out to be) myself than take it from someone who desperately needs it. It's definitely true they could be trying to take advantage of me, but it also might be that this is a huge problem for them. I gave that a lot of thought (and also checked in with you guys!). If that makes me a moron / pussy / etc., I guess I am okay with that. Clearly $110 is going to make a difference to this person, whereas it's not that big of a deal to me. I did not give any $ back, and will reevaluate when I get the final bill. + +I’m looking to move to Florida in the next month or so as I have a large amount of a liquid asset that I’ve held for a long time that I am looking to finally sell. I’m single and 28 years old so the move for me is pretty easy. Has anyone attempted this for the sake of saving 10-15% in taxes? + +Are there any tax professionals you would recommend speaking with or is as simple as moving there, living there for at least 7 months and having all your information changed (drivers license, etc.) + +Any advice would be really appreciated! +I need your help, I’m 29 Male & fatfired 3 years ago. Willing to try anything, money and resources are no object. + +5 years ago I was in a car accident that has altered my health and life. I have struggled with trauma induced migraines brought on by brain damage from past concussions, then this traumatic brain injury ended up being the last straw. It’s affected everything in my life. + +I wake up and go to sleep with pounding migraines. I sleep 3-4 hours daily due to the pain. I practically live in the dark, my eyes are extremely sensitive and often shake which causes extreme dizziness & nausea. I’ve seen specialists, and some of the best doctors in a major city. Botox has been a bit of a relief around pressure points, tons of bc powder, and certain injections were helpful until recently, now they seem almost ineffective. I meditate daily, try sound baths, changed my diet, eat quality food, workout, get massages, take cold showers, have a sauna room, & the best bed and pillows. But any relief has been short lived. + +I try to make the best of things and push through the pain, but I’m often miserable all day. I feel defeated and am willing to try anything to be myself again. + +I’m not asking for a diagnosis, I’m looking for ideas outside the normal spectrum of care to rehabilitate. Thanks in advance. + +(I did follow u/living-pineapple-589 format for this. The help you all gave him was great and inspired me to share my story and ask for help from such a great community.) + +Edit: Thank you so much everyone for sharing ideas, stories, and thoughts. I felt tapped out prior to this post but am now re-energized & looking forward to trying out many of your suggestions. I wish everyone the best and I’m happy to be part of such a strong community. +As the title says, I've never had a credit card before and been fortunate that I haven't needed one. +I'm not rich by any means but people say that I should get one to build up my credit score etc? + +Any advice would be great , I know there are plenty of 0% interest cards available for certain terms but that's about it ! +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! +let me start by saying i'm not very financially literate, sorry for the long post, and this is a throwaway account. i am now in my mid-40s. divorced, no kids, no alimony. i have a busy (non-finance related) career that often leaves me exhausted at the end of the work day; gross income is about $190k. + +at the end of 2009, my father passed and left me about $1.3 million. found a great financial advisor through a college friend, with a great education & conservative outlook. he is my age, i trust him and we get along great. i spent about $100k on a home remodel, the rest went into a brokerage account (starting balance of $1.2MM... this is my cost basis, yes?) + +so we had those boom years in '12 & '13... great. somewhere in there, my advisor left his company, moved around and is now in much greener pastures (he manages wealth for billionaires now). we continued our relationship off the books, meaning we touch base maybe 3-6 times a year, to discuss anything from a new car lease to my now defunct marriage. my brokerage account doesn't incur any fees, since it was opened under his original company's name and has been flying under the radar all these years. i don't pay him anything; i get him a nice gift once in a while. + +in 2015, i cashed out $130k for a down payment on a rental property. + +it's now 2018. my total account value broke the $2 million mark a couple weeks ago (including ~$100k in a SEP IRA), which i'm pretty happy about. we just rebalanced this week after selling off some funds before year end, and mostly bought into Vanguard funds in large, mid/ small cap and international. so here are my questions: + +1. Is it reasonable to expect my account balance to have doubled in the 7 years since we started? Minus the IRA, the primary account value is ~$1.9MM, far short of $2.4MM. My advisor agrees we underperformed, then rattled off a short list of reasons.) + +2. How much more should I be doing to educate myself? I feel like an idiot during our conversations. As smart as he is, he never really puts anything in layman's terms, so I tend to glaze over until he finishes. I bought a couple books that I never read. I've thought about classes occasionally; is there an online course anyone can recommend? Is it worth it to look at nearby universities? (I live in a major city.) + +3. Am I putting myself in a bad position with my advisor? Since we don't have a formal relationship, I recently realized fiduciary duty doesn't really mean anything here... right? I trust my guy and on a personal level, he's a super smart, cool family guy. But I also don't want to fuck myself over. + +Any advice is greatly appreciated. I don't really have anyone to talk to about this stuff. + +A quick summary: + +My family has used the same financial advisor for decades. He is a trusted family friend. When I started investing many years ago I used him for this reason. A year ago he retired and sold his partnership to his "protege" that he had been grooming to take over for the past 6-7 years. We haven't been all that impressed with him since he took over and a few weeks ago it got bad enough that myself and two close family members decided to start looking at other options. My other family members have had trouble getting information regarding their accounts from him. When one asked for a cost basis for all of their investments we know that he told his employee not to give it to them because "they are leaving and I don't want you spending any time on their account". He also told one of them that if they moved they would have to make a huge six figure tax payment on unrealized gains. + +Several days ago I emailed him asking for my cost basis and a break down of all fees I have paid to him/his firm over the past few years. He called me soon after asking why I wanted that info and trying to convince me not to leave. He also told me that I would have a huge tax payment on unrealized gains if I left. I knew this wasn't true so I pressed him and after asking several times realized that he was saying whatever firm I went to would not take/not be able to take the investments I currently have and THEY would require me to sell in order to invest me in their approved funds. After talking to him for a little longer he agreed to send me what I had asked for the next business day and we would talk later. Instead, he sent me an email later that evening stating that effective immediately he was resigning as my advisor and giving me a number to Avantax to call regarding my investments. No other information. I called Avantax last night but it was after business hours and they are having someone in management call me today to go over my concerns. + +&#x200B; + +A few questions I have: + +* Does him saying that we would have to pay huge tax bills if we left something that would warrant a FINRA complaint being filed? +* When he bought out my old financial advisor and took over our account, I wasn't made aware it had happened until months later. Is that something that he had a legal obligation to disclose before/when it happened? +* He is affiliated with 1st Global which was recently merged with another company and rebranded as Avantax. This was also something I was not made aware of until after it happened. Was that something that he would be required to notify me of? + +Thanks for the help. I can give any additional info that may be needed. +Emergency funds are something I don't see mentioned very much outside of "only invest what you can afford to lose". While it is good advice, it is very possible that we experience a recession in the near future and having an emergency fund is really important right now. + +For those who don't know what an emergency fund is, it's essentially a sum of money (yes, FIAT) that you set aside for large unexpected expenses such as job loss, unforeseen medical expenses, etc. I know current prices are tempting to just buy crypto but if and when we go into a recession, it's better to be safe than sorry. + +The amount that you should put into an emergency fund is different for everyone and depends on what kind of support you would have if something happened. I generally stick to having enough stashed away to support myself for at least 3 months but depending on your situation, you may want more. + +I know it's hard enough to set aside any money with prices being so high right now but having an emergency fund is more important than buying the dip. +With the allegations from Hindenburg. More negative news now with NKLA faking their prototype vehicle driving. What’s your thoughts? + +NKLA: +13% + +Source: https://electrek.co/2020/09/14/nikola-nkla-admits-faking-video-driving-prototype-weak-response/amp/ +Hello you amazing Apes!! + +I'm here to bring you more info on our next venture with NFT Tickets as it went a little nuts on Twitter. Some of you may know, we (Abante Productions) are the first to bring an NFT Series and a short film to the blockchain. + +**Into the Veil:** A paranormal mockumentary comedy + +[Into the Veil Episode 3: Mr Crunklenuts Trailer](https://reddit.com/link/za4hta/video/8qseq6p1zc3a1/player) + +&#x200B; + +**Desert Terror:** (35 min. short film) Sci-Fi Action at the height of WWII + +[Desert Terror Trailer](https://reddit.com/link/za4hta/video/qk0us9nczc3a1/player) + +&#x200B; + +# FanRoom Live + +FanRoom Live is a virtual event series online, where Fans get to meet their favorite actors, comedians, athletes and musicians in a group town hall style meet and greet with Q&As. We will be offering NFT Tickets to future FanRoom Live Events. (In the past they have hosted people like, **George Lopez, Sean Kanan, Ice T**, and so many more.) + +**First Event:** Scheana Shay and Brock Davies (of Reality TV Show 'Vanderpump Rules') Virtual Meet and Greet {10 VIP Tickets / 10 General Tickets were minted that I personally made} + +&#x200B; + +[Ticket No. 420420](https://reddit.com/link/za4hta/video/qxsohama2d3a1/player) + +# The People Involved: + +[https://twitter.com/LynnMosqueda](https://twitter.com/LynnMosqueda) + +**Lynn Mosqueda** (me).... I've been an ape for 84 years (no really, I was Jackie Tetas for the APE News Network) and I'm one of the Owners of Abante Productions. + +[https://twitter.com/DannyAMason](https://twitter.com/DannyAMason) + +**Danny Mason**... he's the other Owner of Abante Productions and creator of 'Into the Veil.' + +[https://twitter.com/AbanteP\_Film](https://twitter.com/AbanteP_Film) + +**Abante Productions**... We create Film, TV, Art, and more from concept to completion. + +&#x200B; + +[FRL Logo](https://preview.redd.it/3mdrlzov8d3a1.jpg?width=1850&format=pjpg&auto=webp&s=cbeefd7fe78070336817b116f4600d283da68929) + +[https://twitter.com/CedEntertainer](https://twitter.com/CedEntertainer) + +**Cedric The Entertainer**... **yes the one and only**... the actor and comedian is Co-Creator, Co-Founder and Co-EP of FRL. I feel like he's self explanatory... + +[https://twitter.com/JaeBenjamin](https://twitter.com/JaeBenjamin) + +**Jae Benjamin** is an Actor / Comedian / Producer / Writer who is Co-EP and Host of FRL. This is who we work closely with for this venture and was in Episode 3 of Into the Veil! + +[https://twitter.com/JeffKrauss](https://twitter.com/JeffKrauss) + +**Jeff Krauss** who also owns [https://www.iegny.com/](https://www.iegny.com/) "a unique entertainment and hospitality company, specializing in special event planning, corporate events, holiday events, charity events, launch events, private and after parties, VIP dinners, Birthday events and more." He is Co-Creator, Co-Founder, and Co-EP of FRL. + +[https://twitter.com/123\_talent](https://twitter.com/123_talent) + +**Mich Faulkner** who also owns [http://www.123talentinc.com/](http://www.123talentinc.com/) which Specializes in Celebrity Bookings & Appearances. He is Co-Creator, Co-Founder, and Co-EP of FRL. + +# NFT Tickets & GameStop + +Sadly, time to put your tinfoil hats away. As much as I *want* to say that Ryan Cohen came to us for GME Entertainment and to be a part of NFT ticketing... that's not how it happened. This is not something where we all huddled up in some back room to make all these magical crazy things happen, it spun from the Desert Terror ticket... + +GameStop NFT Marketplace is still in **Beta**, there is still so much work that all of the amazing teams there are constantly doing. One thing as a TV/Film Production Company that we needed to do to make 'Into the Veil' NoT fReE tO wAtCh was to use collabland in our discord so that the NFT is verified and you have access to the full Third Episode. I made the first movie ticket for Desert Terror in order to accomplish the same thing. We are working towards the goal of lockable content so that it is all on the blockchain, but until then... we have workarounds. + +**NFT Tickets:** This will work the same way, verification through our Discord. QR Codes are not allowed on the GSMP (don't ask me why, I can't remember...) We are working towards a better way as we go through the process and to test out GameStop to prove it's viability!!! + +# The Mission... + +We are on a mission to shake up the entertainment industry.... make no doubts about it. Abante is a super tiny Indie Film Production Company that did what no one has done: We brought a Series and Short film to the blockchain + +We will not stop at just one ticket event, the partnership with FanRoom Live is for future events and there are some awesome peeps coming up.... And we're not stopping there. + +I love you all so very much and I absolutely love this community.... As always, you are welcome to AMA + +\- Lynn +Try not to be so short minded and dismissive when important topics are being discussed. I too can work on this..let’s dive in. Bit of tinfoil for you on this fine Sunday. + +If shf is making Pennies on every trade than surely decimal places matter to them. Investors have been leaving these shitfucked brokers who sold an absurd amount of fractional shares, one way or another. + +I’m 60/40 book to plan, but if you’re telling me I can eliminate these assholes by shoring up a few Pennies on computershare now you have my attention. + +What in the hell is a fractional share? Is it stupid to say that as long as there’s enough fractionals in existence their ponzi crypto fake token system can stay alive? + +Once enough of “cents(money) no one thinks matters” is gone won’t there be greater exposure on the true number of shares ? + +It’s been a pleasure. I’m here till death. Just trying to think out loud. Plz don’t kick my ass internet tough guys! Cheers +Think about your day. Think about your colleagues, classmates, the strangers you pass by. The odds that if you talk to them about GameStop, they will have 💎👐, is very high. + +How do we know this? Because people all over are experiencing this. GameStop is the most traded investment in most of the world. It comes up in dating, work, religious events, families, and that's just based on popular posts from today. + +Retail owns the float, and far beyond it. The goal of shills is to isolate, intimidate, manipulate, until you feel alone, scared, and confused. Remember the golden trio: + +Buy, hodl, vote. + +The 99% far outweighs the 1%. They're afraid of you, because for once in a long time, the public is speaking their language. All they understand is money, and we've got 'em by their balls. + +Edit: I wanted to add this for the people saying "I've only met 1 other person". How many people did you talk to about GameStop? Assuming everyone told you the truth (quiet investors, I support your anonymity), and you have 100 people that you talk to every day about GameStop (that's a lot of people), that's 1/100. 1/100 of the population of Earth is about 80 million people. If every single person only holds 1 share each, then there is no doubt about it. Retail owns the float. +Money will come and go. Opportunities to make a mass impact do not come often. I will stand by this even if it burns down. I am so sick of greed. If I have even the tiniest chance to break the cycle of greed, I will take it and stand by that decision even if it costs me everything. I don’t care. I am here to break them. + + + +We will not break before they do. Good luck, Ken. +We bought a company. That company is going to succeed AS LONG AS WE WANT IT TO. + +Millions of people love what we did. Those millions of people will buy whatever GME produces because they are financially invested in its profit margin. Or maybe because they are emotionally sympathetic to it succeeding because their family members, friends, coworkers, or neighbors own a share. + +If Gamestop wanted to introduce a movie streaming platform, millions of people would subscribe to the GME movie app. We'd be as rich as Netflix. We are going to buy our products BECAUSE IT'S OUR COMPANY. + +We wouldn't buy games from any other retailer, we would buy it from GME. + +If Gamestop started a music streaming platform, we'd download and subscribe to GME Music. We'd be as rich as Spotify and Apple Music. + +We are the consumers. We have all the economic power in this situation. + +I may be just another idiot WSB investor, but... + +Prove me wrong. + +Edit: 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Edit 2: 🦍APE🦍STRONGER🦍TOGETHER🦍 +I dump $4k annually into each of my two boys’ 529s. Both plans use an age adjusted allocation. The $8k let’s us take full advantage of the Ohio tax credit. Just curious if anyone does anything different with their or could offer future guidance on using them. Kids are 7 and 3. Also, if I’m maxing out other retirement plans should I consider putting more in each year? +I have seen a lot of news recently from China that is showing their economy is in pretty dire straits. The pursual of zero-covid is causing a lot of economic harm to many of their major cities, tensions with the West appear to be at risk of escalating some degree of trade friction, and most significantly the chinese property sector appears to be on the verge of complete collapse. + +Considering China represents 1/3 of our entire export market, it seems this does not bode well for the Australian economy in the near term. Does anyone have any good/reliable links about the risks being faced here? Or does anyone have any insight from their own industry about how a slowing down China may impact Australia? +My understanding is that PE ratios are so high now because there is expectation that future growth will lower the PE ratio to a more reasonable level. And yet the stock is up another 16% today. + +If this continues to happen, Netflix will never be reasonably valued. + +I don't own the stock, I'm just curious about this. +So I graduated in Summer 2019 with a 2:1 Economics degree at a good Russel Group university. I speak a couple of languages, have five fairly interesting jobs on my CV (but not internships or office work) and got As in statistics-related courses. In theory, I fit the requirements for most graduate schemes and internships, as stated on their websites. + +I tend to apply for graduate jobs in the 20k-28k range. I've tried the Big Four, banks, civil service jobs, local councils, consultancies, large companies, small companies, local companies and companies based all around the UK. Over 95% of the time I get rejected in the first round of recruitment. + +Now, I specifically work part-time on minimum wage so that I can spend over 10 hours per week on my job search (sometimes a lot more). I go above and beyond to personalise each application, from researching company values to looking at how my skills relate to their current projects etc. I then use that to customise each CV and cover letter as well as I can. + +I've been offered plenty of good advice by the university careers service and friends/family with knowledge of HR. I've practiced for all sorts of psychometric tests that employers require and worked incredibly hard on essays and presentations required by employers. + +So it certainly feels like I've been banging my head against a brick wall for the last eight months; I've made zero progress and have learned very little during this time. Most employers seem reluctant to give feedback, even if you got to the final round before the interview. So here are my questions: + +1. Am I even close to being good enough for these jobs? Maybe there's an unwritten rule that you actually need a first class degree? +2. Should I change my strategy and settle for non-graduate jobs in the 18k-20k range or maybe seek to gain new/vocational skills? I don't want to be on part-time minimum wage for that much longer. + +What do you think reddit? Thanks a lot! + +Edit: Whoah, I did not expect this post to get so many comments. I posted it right before work and got back in the evening, so haven't had time to sit down and respond (will do this now). Having skimmed over the comments, it seems like there's a lot of really helpful advice for people in my situation. Many thanks to everyone for taking the time to share their wisdom! +In my circles, almost everybody is saying that crypto world is, at best, a big bubble, and it would burst soon. At worst, it is the biggest Ponzi scheme ever created in the history of humanity. Every cryptocurrency has only one aim: To fool millions of people all over the world and take their money. I don't try to convince them, don't even start any discussions. I just smile and change the subject. Why? Because all these things look like deja vu for me. + +I am in my mid-forties and worked as a developer for several companies, including those that are well known today. I also owned some shares of blue-chip tech companies. Everyone around me, including those who claimed to be experts, told me that the Internet was just a bubble, nothing more. And then dot-com bubble burst. I made a decision to stop holding the stocks and sold them. Now it is impossible to assess how much money I would have gained in case I had not listened to those experts and continued holding the stocks... After many years I ended up in the same situation. And now, since I have become a more experienced individual, I am not going to listen to the advice of fools trying so hard to look knowledgeable. I am not going to repeat my mistakes. + +I started trading about two years ago. I bought several cryptocurrencies and kept holding them despite market fluctuations which sometimes were tough. Of course, I modified my portfolio, disposing of garbage and buying promising cryptos. All of my surroundings were desperately screaming that I would lose my money and I had to cease to play Russian roulette. Bubble, bubble. bubble... Bubble, bubble, bubble... While trying to convince me, my friends and colleagues became obsessed with this word. Mass media started spreading the rumors about regulation, institutional investors, especially greedy bankers from Wall Street who are guilty of 2008 financial crisis, threw balls to the wall so that cryptos became less popular. + +And I still continued to hold. The entire world tried to convince me to sell, and I still continued to hold. And now I can say that it was a successful strategy. I bought several major cryptos like Ether, Ripple, Iota, Litecoin and some unpopular and emerging tokens like Xaurum, Primas, and Ties. I used the experience I received during the dot-com boom, and it helped me to be patient. I cannot say that I became wealthy enough to hit the Forbes rating, but I gained pretty much money. + +While other investments are becoming less and less profitable, crypto became the only sphere where you can gain a lot of money. It is time to pre-empt our seats before others have understood where the pot of gold is hidden. Blockchain is the technology that is already revolutionizing the world. And it is just the beginning. I have no doubts that this industry will show significant growth. I have no intention to test my nerves and don't want to trade. I am going to be in it very long time. And I will be successful. No, not just me. We will be successful. + +I contacted my broker Commsec (Aus) today to request the transfer process to CS and he cracked up when I asked. + +He mentioned there has been a massive spike in DRS requests ,where as before they did like 1 per month, they are now doing 24 per week. Apparently they have a competition between colleagues with who will receive the most . + +He also mentioned there has been a huge spike in international accounts opened since the whole GME saga last year/this year. + +Needless to say my tits are jacked. Aussie apes piling into GME and DRSing. + +For anyone with Commsec looking to transfer, it's actually a super simple form you can email. Not the complicated CS one you need to send by mail. He did mention they are taking a little longer on their end to process due to the volumes. Like 10 days so not too bad +**A HOUSE OF CARDS — BACK TO BASICS** + +🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍 + +Fellow Apes, + +Mulligan Brothers here (u/cyclopsQHM is my bro). If you don't know who we are, we're two Apes who've been in this since January and got fed up with the bullshit our main stream media has been feeding the masses — so we decided to make a film. Here's the [original post](https://www.reddit.com/r/GME/comments/mgoo4a/update_question_who_wants_a_real_documentary/) and check out our [website](https://apestogetherstrongdoc.com/) + +We thought it was time to get back to basics; so we called up our pal u/atobitt to make this promo for his "A House of Cards" DD as a way to help new apes and give back to the community. + +This isn't a part of the film, just us sketching out some ideas. WE'll be heading out to Tobitt in the near future for a proper sit down interview (stoked) + +**The DD inspired us, let's keep fighting.** + +As your man says: "DIAMOND FUCKING HANDS" + +&#x200B; + +[sorry about the typos in the CC... we can't read](https://reddit.com/link/p38x0j/video/10s2eob1szg71/player) + +[Here's the video](https://www.youtube.com/watch?v=nayvC97QINU) + +🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍 +https://www.theinformation.com/articles/infighting-busywork-missed-warnings-how-uber-wasted-2-5-billion-on-self-driving-cars + +After five years and an investment of around $2.5 billion, Uber’s effort to build a self-driving car has produced this: a car that can’t drive more than half a mile without encountering a problem. “The car doesn’t drive well” and “struggles with simple routes and simple maneuvers,” said a manager in the unit, in a 1,500-word email sent three weeks ago to Uber CEO Dara Khosrowshahi, warning of the issues. + +The self-driving–car unit “has simply failed to evolve and produce meaningful progress in so long that something has to be said before a disaster befalls us,” said the manager in the email, which The Information has seen. The manager—whose identity The Information confirmed—reflects a common belief across Uber that the unit, known as the Advanced Technologies Group, is destined to lose the high-stakes race to its rivals, which have demonstrated a lot more headway, comparatively speaking. + +The ride-hail giant’s Advance Technologies Group has been beset by infighting and setbacks, the Information reports, leading to fears that rivals like Alphabet-owned Waymo and Apple’s self-driving tech may soon leave it in the dust. + +Despite the team first beginning its research in 2015, Uber’s self-driving car “doesn’t drive well” and “struggles with simple routines and simple maneuvers,” a manager in the unit told CEO Dara Khosrowshahi, the report said. + +“The talent is still here to get this job done, but the belief is waning,” he said. + +The manager raised the alarm because the arm of the company “has simply failed to evolve and produce meaningful progress in so long that something has to be said before a disaster befalls us,” according to The Information. + +Teams within the group have competing philosophies, according to the report, with members who were recruited from aerospace or the government focused on safety above all, while engineers feel that progress is moving too slowly in the wake of a 2018 accident which saw a pedestrian killed by a self-driving Uber in Arizona. + +The engineers feel that Uber “overcorrected” following the accident, and “want to go back to the… fatality days,” one member of the team told the Information. + +Uber has been adamant about its public commitment to safety with its self-driving cars. + +SEE ALSO + +Self-driving Uber kills pedestrian +“We aren’t just building software and throwing it on the road and seeing how it works. Everything we make has to have rigor around it in verification [of the software’s safety],” Eric Meyhofer, chief of the self-driving unit, told the Information. “That can cause frustrations, and I see that too.” + +Jon Thomason, who last week revealed he was leaving Uber after three years as the head of software engineering for the autonomous team in favor of a CTO position at AI company Brain Corp., said in his farewell letter that the team was increasingly “bogged down in many layers of things that are not real work, and most insidiously, activities that don’t even lead to real work.” + +Employees within the unit are reportedly skeptical of the ability of Khosrowshahi — the former CEO of Expedia — to hold the unit accountable. + +Former CTO Thuam Pham, who quit in April, told the publication that over the past two years he “periodically raised concerns” about how much progress was being made by the unit. + +“I just don’t understand why, from all observable measures, this thing isn’t making progress,” he said. “How come there hasn’t been accountability or transparency.” + +Khosrowshahi declined to comment on the report, but Meyhofer defended the executive, calling him “more than proficient” in his understanding of Uber’s self-driving goals, and adding that he “definitely has the chops to evaluate our milestones or our progress toward our milestones or to help in articulating what milestones to think about or how he’d like to see us describe our progress,” he said. + +Meyhofer said that the self-driving unit, which last year got a $1 billion investment from a Toyota-led fund, would likely raise funds from outside investors, as profitability is still years away. + +“Since we took the first investment money, that began the journey of us being thoughtful about how to go the distance,” he said. “We expect to have more partnerships.” + +Shares of Uber were up 3.7 percent Monday morning after a British judge granted it an 18-month taxi license to continue operating in London, one of its biggest markets. +I recently spent a couple weeks doing a little dive into that shithole of a landscape. Telegram channels, token subs, discord, messenger chat groups. Holy shit. It’s basically just a twenty year old dudes version of multilevel marketing. + +You get in early and then everyone you get to sign up after you makes you progressively more wealthy (in theory). And the people you bring on need to bring in more people so they can make money! Because these shitcoins have ZERO utility, the only hope to make money is by hyping people up that they can also make money and that it’s “still early!” + +And because of all of the crypto millionaire stories everyone’s heard, everyone who gets into a coin early thinks that could be them and so they froth at the mouth telling anyone who will listen how incredible the coin is even thought they can’t actually explain WHY THE FUCK THE COIN EXISTS IN THE FIRST PLACE. + +Your shitcoin is going to make you as wealthy as that chick from high school that massagers her friends about her green cleanse. + +No one needs your green cleanse Alicia. There’s a vitamin shop a mile away. Why does your product exist. TELL ME WHY IT EXISTS! +I'm trying to get advice on how I can get a third party involved to be sure that Vanguard returns shares to me that they've mistakenly deleted. This has been a pretty long process and I'm losing faith that they are going to make it right. + +2 weeks ago I started an ETF conversion, and while the person on the phone took down the order properly, it was not executed properly. Essentially ~150 shares of VTIAX and ~70 shares of VTSAX were to be converted to their ETF counterpart. + +As it stands I am missing ~300 shares of VTIAX (also from the wrong lot, messing up my cost basis), and the correct ~70 shares of VTSAX. + +~150 shares were properly converted to VXUS from VTIAX, but ~150 have simply disappeared. The ~70 shares of VTSAX were properly converted to VTI, but about 3 days afterwards they were deleted as well without returning the shares to VTSAX. + +It's been 2 weeks, and today Vanguard told me there's a problem with their system and they may have more information for me in 2 more weeks. The original time I was quoted for this ETF conversion was 3 business days. I'm losing faith in Vanguard's ability to sort this out without external motivation. Would FINRA be the right place to start? + +EDIT: It took 3 weeks, but the problem is now resolved. +My last day at work was Friday, so the way I see it, today is the official first day of my retirement.  I've been on this sub under a different alias for a few years and have appreciated hearing your stories, so I wanted to share a bit about mine.  + +I am a former accountant living in the Upper Left, USA. I started in public accounting and have spent the past 15+ years of my career working for publicly held companies, mostly in tech. I've been a habitual saver since I was a kid, and for as long as I can remember in my adult life, I had planned to retire at 40.  I'm currently 46. + + +**CURRENT INVESTMENTS (in USD)** + + +$850,000 Retirement accounts. These consist of a mix of index and target date retirement funds. + + +$375,000 Other investments, mostly made up of individual stocks. + +$  40,000 Cash + +$400,000 Single family rental home. No mortgage. Yields about $1,500 net cash flow per month. + +$740,000 Primary residence + +(400,000) Mortgage on Primary residence + +&#x200B; + +**$2,000,000 Net Worth** + +&#x200B; + +**HOW I GOT HERE** + +As I said before, I've always been a habitual saver, and have consistently lived below my means. I grew up in a lower middle class family, and I have early memories of my parents worrying about money and layoffs. I was fortunate enough to go to college on a partial scholarship, and graduated with about $18k in debt (which seemed like a lot back in the 90's). + + +Since I started working, I took advantage of every benefit my employer(s) offered: 401(k) match, ESPP, fitness reimbursements, etc.  Each time I got a raise or promotion or new job, the thing I was most excited about was how much more I could potentially save. Over the course of the past 20 years, my largest annual expense has always been housing. Most years, travel was the second biggest expense, so while I sacrificed in some areas, I don't feel like I've deprived myself of fun. That's part of the reason I didn't hit my goal of retiring at 40.  + +Over the years, I took some small breaks (3-5) months between a few jobs.  I also took an 18 month break in employment a few years ago. This coincided with a move and a divorce, which also set the clock back on retirement goals. Still, I don't regret those breaks, and I'm much happier and healthier because of them. + +**CHOOSING THE RIGHT TIME** + +I thought I was ready to pull the plug a year ago, but I was worried about a market correction. Then we got one last December. While the analysts say it wasn't officially a bear (because the 20% drop occurred on an interday basis, while closing prices were somewhere in \*only\* the 19.8% range), it made me nervous enough to stick around work a bit longer. This gave me an opportunity to max out my 401(k) match for another year, and to buy some more company stock at a discount through the ESPP. So I definitely had a case of One-More-Year Syndrome. The extra time and subsequent market rebound were valuable lessons for dealing with inevitable market corrections in the future. + +I was feeling good again earlier this year when my portfolio finally hit $2M. This felt like a great accomplishment, although in percentage terms is only slightly better than the $1,950,000 range I had been bouncing around for a year or so.  We had another market pullback in April, but by then I had decided I was finally ready. Fortunately, the portfolio has mostly recovered since then, and I got back up to just over $2M by the time I walked out the door on Friday. + +**RISKS/CONCERNS** + +Aside from overall market risk, my main concern is managing my cash flow effectively. I've got a lot in retirement accounts, which I can't touch for another 13 years, without some fiscal gymnastics. If at all possible, I'd like to be able to leave that untouched. + +I have pretty solid cash flow from dividends and rental property income that should cover about 1/2 of my annual living expenses. This would mean selling some investments to cover the rest.  This would translate to an annual W/D rate of \~ 2%. My primary residence has a mortgage of $2,600 a month, which does give me some heart burn.  + +**CONTINGENCIES** + +The two main risk-mitigating factors I have are 1) my SO still works so we'll have that paycheck to count on if the shit hits the fan, and 2) I have a great relationship with a former employer at a small consulting firm. I've worked some projects there before, and would be welcome back again should I want/need to (and assuming the work is still there).   + +&#x200B; + +**PLANS** +I will likely sell the rental house this summer/fall. I'm looking into a tax deferred 1031 exchange, and am seeking a property with a greater ROE in a better (for me) location. +My SO and I are looking to move to a lower cost city in the next 3-5 years.  Ideally, our new home would be largely paid for by the equity from selling our current home. At a minimum we would significantly reduce the monthly mortgage payment. +I have a list of house projects a mile long that I'm planning on tackling this summer. +And most importantly, I want to spend a lot more time outside and away from the desk. I have a million hikes I want to do. I want to visit all the state parks in Washington, as well as about 25 national parks I haven't been to yet (and go back to many that I've already visited and loved). I want to climb Mt. Shasta and some other Cascade volcanoes this summer. I want to drive to Alaska and make more music. In short, I want to get busy living. +Thanks for reading, and thank you all in this community for your contributions.  +So I have been trying to create the "Perfect" set it and forget it type of roth account. When it comes to diversification, what are you guys thoughts in the quantities of companies? I know that a fund is Considered diversified if 75% of all assets are in different companies with a maximum of 5% per company (if I remember correctly), but that seems fine for huge hedge funds. But what about retail investors for retirement? It doesn't seem practical to have 15 different stocks and put $30 in each when I could be placing $500 in one. + +Tl,Dr: how many companies do you have in your portafolio, and what's your max number? +I'm completely new to the world of dividends. I'm looking to be able to retire in 10 years, and have a comfortable income from dividends (comfortable, for me, is between $30k and $40k a year, I live far beneath my means, have modest needs, and have zero debt, in an area with a low cost of living). + +Let's say I'm able to contribute $50k per year to a reputable high dividend yield ETF. Let's say I use DRIP and compound/reinvest all dividend earnings into the account as well, for 10 years. Assuming no major economic disasters over the next 10 years, is it reasonable to expect $30k-$40k per year in dividend earnings after 10 (or 11, it's slightly flexible) years? Or should I look into a completely alternative path to early retirement? My goal isn't riches, my goal is early retirement on a modest income for the rest of my life. If it happens to also include riches, then hell yeah, but it's not the goal. + + +I've found a calculator or two for this, but I'm so uninformed about the numbers and growth rates of these ETFs (like Vanguard for example) that I really don't know if the results of these calculations are anywhere in the realm of reality or not. I was using this one: [https://www.marketbeat.com/dividends/calculator/](https://www.marketbeat.com/dividends/calculator/) + + +I really appreciate your opinions and advice. Thank you. +**tl;dr 17 years, investing 20% income a year and 4% dividend yield with DRIP.** + +I saw a newbie ask about this in another post, so here's a quick envelope calculation. Assume you save 20% of your income every year, and you average a 4% yield (high, but not unreasonable). For example, you make 100k and invest 20k each year. Then after 17 years, your dividend income will exceed your savings of 20k, which is my personal criteria for "making it". After 45 years, your dividend income will exceed your wage income. + +Note this is completely independent of what happens with the stock price, it just assumes your stocks continue paying a flat dividend. The time only goes down if you also account for dividend growth and capital gains. + +Also note the importance of savings. If you can save and invest 40% of your income instead, the time drops to only 10 years. +Curious about why people choose it over VOO. + +Even though SCHD's dividend yield is higher, it's consistently underperformed VOO \[1\] + +What do you think SCHD has going for it? + +&#x200B; + +\[1\] [https://portfolioslab.com/tools/stock-comparison/SCHD/VOO](https://portfolioslab.com/tools/stock-comparison/SCHD/VOO) +I joined this sub recently in hopes of learning a thing or two. I was just browsing through difference stocks and noticed some are very cheap but high dividend. So, what’s the difference between a stock that costs $70 with a div/yield of $4 vs a $12 stock with div/yield of $8? +I see a lot of new people who constantly are asking what stocks or ETF should the buy because they haven’t learning how to do their on due diligence yet or to lazy. Why don’t we make a weekly post of tickets with a good track record that everyone can refer to? Isn’t the point of this community others anyway. I think it’ll be very useful especially those who don’t have the money to buy tickets in bulk and are looking for some cheap. +As of todays close the NASDAQ has entered its 3rd bear market in 3.5 years, way above the historical average frequency of bear markets: + +Late 2018 - 22% drop + +Spring 2020 - 29% drop + +Spring 2022 - 20% drop + +Remarkably the index is also up around 60% from August 2018 to now. + +Does it mean it's a great time to buy or give more room to fall? I tend to think it's a good time to buy, but acknowledge there may be more short term pain. + +Rosenblatt Securities downgraded the company to sell on Monday, bringing the total number of bearish analysts up to five, among the 57 ratings tracked by Bloomberg. It’s the highest number of sell ratings the iPhone maker has had since at least 1997, according to historical data compiled by Bloomberg. + +[Full article ](https://finance.yahoo.com/news/apple-caution-grows-sell-ratings-133353144.html) + +Time to buy or time to sell? + +Rosenblatt Securities downgraded the company to sell on Monday, bringing the total number of bearish analysts up to five, among the 57 ratings tracked by Bloomberg. It’s the highest number of sell ratings the iPhone maker has had since at least 1997, according to historical data compiled by Bloomberg. + +[Full article ](https://finance.yahoo.com/news/apple-caution-grows-sell-ratings-133353144.html) + +Time to buy or time to sell? +It seems the status quo is to completely avoid teaching about life’s milestones in school. Is it perhaps assumed that the conversation is best handled between student and parent/guardian? If that’s the case then why do we even have sex ed. +I feel like I finally see the light at the end of the tunnel...as in this is now a matter of when, not if. Would love to hear all of your thoughts on what marks this spot for you personally. + +For me, hitting 500k was that marker. Looking back a few years ago, I remember dreaming about hitting 500k as I could theoretically retire at my leanest point if I had to. I’ve blown past it since, and am shooting more for 1.5mil now, but just having the peace of mind of knowing that I’ve essentially “made it” really gives every day a special sheen. + +Let us hear your thoughts! +GameStop ($GME) opened at $177.49 today after a pre market rise. We seen an initial discount to $171.50 @ 0956, and a secondary discount to $161.50 @ 1146. The stock then bounced off \~$165 & now it's back at \~$162. + +https://preview.redd.it/mvf6a0uvpxw61.png?width=1196&format=png&auto=webp&s=5ebdd0bee5ae9283346d96e55cb948f82638d72e + +https://preview.redd.it/sf8jm1yzpxw61.png?width=918&format=png&auto=webp&s=46747bfad6c0ade9ced808c49604d9671773e4c8 + +**A \~16$ discount on \~3M volume in the first \~2 hours. Why?** + +**There is no why.** The price of $GME is artificial & rarely follows any indicators, will change in price violently over no news, or inversely- trend up on negative news and down on positive news. *Just like today.* + +Here's all the latest news on $GME from both Google & Bing searches (to give more than one search algo.) + +&#x200B; + +[Great News!](https://preview.redd.it/zqtx134mqxw61.png?width=652&format=png&auto=webp&s=35a75a0bb0fbbf9e6aa4493ece448aad19da1cd8) + +[More Great News!](https://preview.redd.it/bzszewsmqxw61.png?width=1271&format=png&auto=webp&s=753c9872fb18eccedd8fde3a701e70f6d79d1ebd) + +[Bing Search a](https://preview.redd.it/hxrippynqxw61.png?width=1081&format=png&auto=webp&s=a09964bbdfcc38bf73ed69277e545c70c617cbee) + +[Bing Search b](https://preview.redd.it/yhmer00pqxw61.png?width=1088&format=png&auto=webp&s=c17ac384d884e167bf42accdd4b45eb47e79dcad) + +[Google Search](https://preview.redd.it/6otecsvpqxw61.png?width=696&format=png&auto=webp&s=6ce4c514df26b4882af001addfedbe3de4eea981) + +# Question: So what the fuck are we seeing this morning? + +# Answer: Fuckery + +Essentially no other stock ever would every be reacting to this kind of news in the way $GME is. If this does not solidify the **FACT** that hedgies are **STILL SHORTING** the shit out of the stock to try and bait 🧻✋, you're hopeless. The bright side is that they're still pumping fuel into the rocket boosters and the ozone may never recover from this penetration once the fuse gets lit (they start having to cover). I want to remind people **IT IS** ***NOT*** **A MATTER OF IF, IT IS A MATTER OF** ***WHEN***. + +# Short WILL have to cover. + +&#x200B; + +^(TLDR: Buy Dip, Hodl. Little Ken has blessed apes with a juicy discount today.) + +&#x200B; + +Mandatory 💎🙌🚀🌑🐵🍌 + +&#x200B; + +^(None of this is financial advice, I'm an idiot.) +Gonna try to keep this short and to the point. + +Institutions and large investors like to use synthetic positions for leverage and to avoid dealing in the underlying security directly. Consider the below example: + +>*" Take two traders, Oscar and Sally. They're both bearish on stock XYZ, which is trading at $98. Oscar initiates a synthetic short by buying to open a February 100 put for $4.70, while simultaneously selling to open a February 100 call for $2.25. Oscar's net debit is $2.25, or $245 (x 100 shares), for the bearish spread.* +> +>*The breakeven for the trade is $97.55, or the put strike minus the net debit. Oscar's trade will profit the deeper XYZ sinks below $97.55 by the February options expiration date. If XYZ were to head higher, Oscar's losses will increase with the stock's move north of $100, which would then put his sold call into the money.* +> +>*Comparing this to Sally, who simply sold the stock short, Oscar did not have to borrow XYZ shares. In addition, the margin requirement on the sold call was smaller than Sally's traditional short sale.* +> +>*Thus, the advantages of a synthetic short plays are: the sale of the call can partially or completely offset the cost of the put; you don't have to borrow shares from your broker; and the margin requirement on the short call is frequently smaller than the margin requirement for a traditional short sale. "* + +Source: [https://www.nasdaq.com/articles/alternative-options-strategy-short-sellers-2017-11-30](https://www.nasdaq.com/articles/alternative-options-strategy-short-sellers-2017-11-30) + +Similar options strategies exist for synthetic long positions as well, see: [https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/synthetic-long-asset/](https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/synthetic-long-asset/) + +Assuming the options used for said synthetic positions are not [thinly traded](https://www.investopedia.com/terms/t/thinly-traded.asp#:~:text=Thinly%20traded%20securities%20are%20those,when%20a%20transaction%20does%20occur) or [illiquid](https://www.investopedia.com/terms/i/illiquid_option.asp), these strategies can work quite well when a leveraged position is desired. If the options used for the synthetic positions are thinly traded, then it becomes difficult to get a "fair" value when one goes to close the positions via selling/buying back the relevant options from the market. Rolling an illiquid synthetic position also becomes more expensive for the same reasons. The only other option for a holder of a synthetic position would be to exercise their options (assuming they're profitable) - but this has the potentially undesired effect of purchasing shares of the underlying security directly from the market. + +&#x200B; + +So far so good? Cool - so what happens when a stock splits, say 4:1? Well, in any split a new options chain is created with new strikes corresponding to the revised valuation of the security and old options holders are [made whole.](https://www.investopedia.com/ask/answers/what-happens-to-options-when-stock-splits/#:~:text=Key%20Takeaways,called%20%22being%20made%20whole.%22&text=Similarly%2C%20a%20stock%20split%20will,market%20capitalization%20of%20a%20company) So, let's say you're holding 1 GME 65P (i.e. a put with a strike of $65, you're betting the price will go down) - well, after a 4:1 split you'd have 4 GME 16.25 Ps (i.e. four puts corresponding to a strike of $16.25). If we take the options chain of another security with strikes near those hypothetical values as an [example](https://finance.yahoo.com/quote/BBBY/options/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAANrq7GO3SeYzZoM24z7HGWTlLjg6APLLmHYDsoBSZXWCtT6wRPXhMtS5MIhezB_ngLWgA4Uw9AGESSROuVU7fri1pva74VqqIrs61XOQ5Wjqh-NL0v3L4U4EvLo4qJk8BfDtnKhQJY3FJAdeIBdSGD0l0i8vvBeY8H2LLpZB_9vR), we see that while 16Ps, 17Ps, 16Cs, and 17Cs exist, options with a strike of 16.25 do not. Non standard strikes that result from corporate actions such as splits and reverse-splits can sometimes (and often do) result in [adjusted options](https://www.merrilledge.com/investment-products/options/adjusted-options-contracts#:~:text=An%20adjusted%20option%20exists%20when,an%20option%20to%20become%20adjusted) and [non-standard options.](https://www.thebluecollarinvestor.com/non-standard-options-what-they-are-and-why-we-should-avoid-them/#:~:text=These%20are%20options%20that%20don,extraordinary%20dividend%20or%20stock%20split). Both of these can become very thinly traded and illiquid, and to quote the previous link: ***"The obvious rule is avoid all non-standard options. "*** + +Which brings us to the main point: + +**A split screws with the old options chain for a security and creates a new one. Many of these options were used for synthetic positions to avoid trading the stock directly. When the old options are adjusted for the new options chain, they may become thinly traded or illiquid as traders move to using the new options chain. When that happens, the best way to exit or roll that position may be to exercise the options rather than selling/buying-to-close in order to avoid taking a loss on the large spread of thinly traded options. This matters to you, the DRS'd holder of GME, because it drives volume and price action in the underlying security for \~2 years (i.e. furthest dated pre-split options) after a split. You can see the effect of this in TSLA's price action which continued to squeeze for 2 years after their split.** + +TL,DR: Synthetic short positions r fuk. +I've been thinking lately about how the future will play out in terms of climate catastrophe, given that it *seems* more likely as each day passes. + +I mean, here I am slaving away at a job I couldn't give two shits about with the hope of living life 100% the way I want to... eventually. What if eventually never comes? + +What if, because of the effects of climate catastrophe on the stock market/society/money/whatever, we get to the point that it is no longer possible to be FI? + +While writing this out, I'm reminded that it's important to enjoy every day while we still have it. I guess this would be easier to do if I didn't want to escape work entirely. + +Does anyone else share concerns about this? +Let’s say you withdrew 3% of your portfolio one year, and you end up only spending 2.5%. Do you withdraw less the following year (2.5% instead of 3%)? Do you try to spend it all? Do you re-invest? Especially if you made a 3-5 year bond tent. + +Otherwise, do you just withdraw more frequently to avoid this from occurring in the first place (after bond tent runs out)? +Apes, + +Take a minute to reflect on EVERYTHING that has happened since day one. Everything that has brought us here to this very moment. Think about EVERYONE alongside you and what has brought us together as a community. Think about the *discipline*, *integrity* and *resiliency* we've all come to endure. + +*You may not see it right now*, but at this very moment in time, you are currently living in one of the greatest stories to ever exist in human history. [I want everyone of you to be proud for sticking](https://youtu.be/UI-RFRykjTk?t=134) it to the man and standing up for change. + +When I reflect on GME....***I see a fucking master piece.*** +The facts we know: + +1) Ryan Cohen likes Dr. Ruth Sex (DRS) + +2) The shareholder call reported out the % of the float that was locked by Computershare; not any single fact about the options chain. + +3) The price is wrong, and completely determined by marketmakers via synthetic shorting + +4) Daily price at close is miraculously near max pain day after day - the point at which options holders lose maximal money. + +5) Citadel and its alleged criminal leader, Ken Griffin, are known to be short on capital and in "live one more day mode". + +6) Options expert apes who trade them frequently and know what they are doing don't benefit from recruiting new options users... they stay silent and buy options. + +So let's live and let live, but keep the pitch for "more options" off the front page by downvoting them. I *highly* suspect that there are malevolent actors trying to influence our behavior. + +Buy. HODL. DRS. + +And if you already buy options then continue to, but keep this as a focus off the front page so that we can focus on the central DD and +the importance of DRSing shares. It's one guaranteed way that counterfeit shares that will be uncovered (the other being an NFT dividedend). +I dream of FI am doing my best to make it a reality. I'm 28 years old and make about 34k through a government job. I have no debt than goodness. My biggest concern though is that I don't make enough money to realize FI. I have no college education so I don't think I can find a better paying job and I don't want to give up my benefits or PERS package. I currently have 30k set aside in various investments, including a vanguard retirement fund I set up this year. I am on path to max out my roth IRA for the year plus a little extra into a brokerage account. Do you guys see early retirement as a possibility for me? +Is Tesla really worth 800 billion dollars or is this value merely based upon hype? What should be the reasonable value of Tesla considering it's growth and revenue +Every day market looks like a plunge, and everyday somehow miraculously things recover. + +EVERY SINGLE DAY if you are following any of this it is blatant as fuck how much corruption is involved even a toddler can see something is fucky, to a point where I have become massively cynical over this entire process. + +Nothing is regulated properly to a point where I feel like the top aren't finding a way to manipulate it anymore, look at fuckin crypto this morning, everything was down like 15% and then bounced back... And shit like this happens way too often. Stocks plunging 10% to instantly recover in less than an hour? How??? These aren't normal price fluctuations people. + +I have 0 hope anymore, 0 trust in those that are supposed to be looking out for the average person, and 0 want to ever be a part of this trash again. + +"Meme stock" (hate that term) have been in question for well over a year now, these stocks that many people have questioned as being manipulated, have had 0 sort of reassurance that they haven't been and ZERO PROOF THAT THESE STOCKS ARE MASSIVELY CONTROLLED TO OBLIVION. + +We bring up these questions 16 months ago, and have only increased the amount of people/questions being asked to be apart of this, and somehow these stocks remain to be lower than they were at the start, they remain even more manipulated than before, and who is in charge of all those to reassure is that no wrong doing is happening? Absolute trash people who are also at the top and don't give af about us. + +Short selling is scum of scum in this world, anyone who says it is good is clearly a part of the short selling issue at hand, how can it be okay to literally get a stock for free and sell it to an open market to lower it's price, all for a low percentage fee for the stock? Who is in charge of all these supposed "real" shares that get short sold? Why is this constantly being allowed???? It's literally free stocks for them, and it is clear af they do not close those positions out. + +People get free money to sell a stock they don't own in order to lower the price, and they can do that at such a massive scale to where it bankrupts companies regardless of doing well or not then they collect that sweet sweet free money. + +But somehow more and more shares appear somehow to keep lowering the price of the company into the ground, without ever buying back the original shorted shares. Stocks showing 0 shares to borrow, then on an exciting week where we expect movement we see 500k shares magically appear out of thin air? But that should mean since the last time they borrowed 500k shares they bought back, right? Nope the price of the stock does not follow that at all, did no.sort of bounce back from the original 500k shares, and then somehow someone is offering up more shares to be fucking borrowed? I know I didn't, and goddamn I know pretty much any retail investor wouldn't either. + +We bring up dark pools, how they literally help no one but the people abusing it, and how literally daily we see spoofing in front of our very eyes, nothing being done... We complain to whoever we can and nothing... + +We bring up how piss poor the punishments are for these insane crimes, to a point where their fine may not even be 10% of what the profited in the crime they are being punished for, nor are they even blocked from doing that crime again, just constant little slaps on the wrist without 0 actual punishment being involved, just mini fines. + +Shit has been going on forever with no answers still, no public word on the situation from those in charge, no proper share count to tell how much is in circulation, no nothing to make me feel safe in this type of world. + +These people are selfishly doing everything to keep that power/money they currently have, and it seems that people at the top gravitate that way no matter the circumstance. It is sickening to see this can be kicked so fucking long to a point where everyone is getting hurt with inflation. + +I hope the people in charge/at the top are happy, because fuck me in the unhappiest I have ever been and I know a lot of you are with me on this. The scammiest/shittiest way for them fuckers to make free money and have 0 remorse to how much it is fucking everything else over. I have 0 hope that even if this works out for us, things will get back to the way it was in some sort of way. + +I'm out of this bitch, regardless of moass or not I'm over it, these people will never be on our side ever... +There are some posts going around that the SuperBowl ads will start the next bull run. So here is some history. + +The 2000 SuperBowl was known as the DotCom SuperBowl - it marked the spectacular top and was followed by the crash of the entire dotcom market, sinking many of the companies that advertised there. + +https://en.wikipedia.org/wiki/List_of_Super_Bowl_commercials#2000_(XXXIV) + +Some of the infamous companies to advertise in 2000 SuperBowl include AutoTrader dot com, Britannica, Computer dot com, epidemic dot com, hotjobs dot com, MicroStrategy, OnMoney dot com, pets dot com etc. + +Many of these companies died or ended up being acquired on the cheap by bigger entities. Even the ones that survived like MicroStrategy went through a 90% correction in asset price and had multiple decades before even beginning to recover in price. MSTR is still below its 2000 highs. + +The Nasdaq took 14 years, from 2000 to 2014 to recover to the same levels as the 2000 tops. + +SuperBowl advertisements dont mean jack shit. + +“History Doesn't Repeat Itself, but It Often Rhymes” – Mark Twain. +GRAYSCALE INVESTMENTS LLC is advertising a fund as "Ethereum (ETC) +Investment Trust" - this implies that it is the original Ethereum. Investors that don't do their research may be investing in this believing they buy the real Ethereum. To me this is: + +* ** 1 False or misleading statements about a company** +* ** 2 Manipulation of a security's price or volume** +https://www.sec.gov/complaint/tipscomplaint.shtml + +There is currently no regulation of crypto so Barry Silbert can manipulate the markets to his advantage writing fake press releases that some gullible investors may take seriously. Grayscale can advertise the trust without having to specifically mention that the trust is investing in a copycat of Ethereum. Calling the trust the "Ethereum (ETC) Investment Trust" is not acceptable. + +I am not a lawyer but even if the foundation does not protect the Ethereum name legally they have still grounds to sue since the Ethereum project is being used commercially by various companies. + +I would also call it insider trading to a certain degree because he is buying into a "security" that he is manipulating upwards with fraudulent information. For details on what constitutes insider trading, see the link above. +Specifically targeting CBD-based animal products for now. It's a lifestyle brand now guys! + +https://www.cnbc.com/2019/02/28/martha-stewart-to-join-marijuana-grower-canopy-growth.html +Everyone keeps saying this market is extremely overvalued, which many companies definitely are. If everything is so overvalued, why are some companies still so undervalued? For example, ArcellorMittal has a dividend yield of %1, which has increased from the previous year, and a P/E of only 4, while it’s revenue has also grown over the past year. I’m not trying to pump this, just simply wondering why there are some companies like this that are so undervalued? +Okay so I’ve been working at this local, family-owned deli for about 8 months. I work as a delivery driver and I work Mondays, Tuesdays, Fridays, and Saturdays from 5-8:30ish. I say 8:30ish because we close at 8 but I stay after to clean up the restaurant which can take anywhere from 30-60 minutes. +So, onto the problem. As I’m graduating high school in less than a month, I’m going to be very busy with senior week, grad parties, and vacation. I texted my boss a month in advance for the grad parties that I am taking off for, which is only two dates, June 15,16, for my really close friends. Now my boss says that I can’t take off for those days because they aren’t legitimate reasons to take off. He also told me that this is real life because it’s a real job. While I understand that to a degree, I’m still a high school senior, I have a lot going on in my life and I can’t keep a steady 4-day schedule forever. I’m also 95% certain that a friend that works there, my classmate who is also a senior, requested off for grad parties and he had no problem with it. So basically I’m confused because I really don’t want to miss the grad parties but I also don’t want to get fired. What do I do? + +Edit: pretty much everyone is telling me to quit, but it will really hurt their business for a bit if I quit because they do not have a replacement for me as there are many cashiers and such, but only 3 delivery drivers including me. I also am friends with everyone there and would like to leave on... idk the right word... better terms? +So as the title says I work for a local IT company and we have officially closed our office and work fully remote now. With that being the case they want to switch us all to independent contactor. Now after some reading and research it is technically a misclassification of employment based on how they intend to handle us. Now I'm not 100% opposed to that as long as it all makes sense to me in $$. currently they only intend to increase my wage by roughly 3600 a year which seems way off from what it needs to be with the extra taxes and such ill pay. I was curious how much I should enter into negotiations with them as a % raise to make this all work roughly. Any advice on how to handle this situation would be appreciated. I have a family to worry about of course. +I have a job and work 48 hours a week and make $825 a month. I am struggling to pay for my apartment. I love my job and dont want to leave it, but with my wife I am not willing to be away from home any more hours a day, or days a week. If there is another way, like making things and selling them online that would work too if anyone could reccomend a site. +They can be as big or as small as you'd like. For instance, i just hit 4 digit returns in my rather small portfolio and I'm pretty stoked! + +I'd love to hear what other milestones you guys get excited about. +The asset class of alternatives generally seems to be rarely discussed among passive investors and retail investors - with a big focus on the typical portfolio allocations to solely equities and possibly bonds. However, among institutional investors including pension funds, life assurance and more, an significant allocation (sometimes as much as 50%) to alternatives is standard. Examples include, long/short funds, commodity ETFs, precious metals, collectibles. + +A number of academic studies and analysis by various asset managers has indicated a benefit to risk-return profiles of portfolios given an allocation (most sources suggest between 5-20% weight of total portfolio) to alternatives. The performance of bonds and stocks in 2022 have largely been poor, and this time will be remembered as one of the rare times high quality bonds and stocks have both performed poorly at the same time. Various alternatives such as infrastructure, commodities, and real estate have comparatively performed well YTD, showing their value in market conditions where stocks and bonds happen to show higher correlations, along with their long term ability to reduce volatility. Many alternatives are poorly correlated or uncorrelated with stocks and bonds, providing additional diversification. + +Just interested to know people's views on alternatives, and if they are a part of your portfolios? If yes, why and how are you choosing to gain exposure to these assets? +I have a trust fund. I’ve managed my family office since 2015 with the assistance of consultants managers etc I’m 26 now & I have no real work history. + +While managing my family office I’ve done a lot as far as being awarded a patent, several trademarks, expanded real estate holdings & launched national branded condiment brand while managing the management of our existing family businesses. I have a leadership certificate from Cornell & I’m a certified paralegal. + +At this point, I’ve hired the right people to manage the family office all the way down to our real estate & food factories. + +I’m ready to step back into the workforce for awhile. + +I was thinking about hiring a creative writer to develop a résumé based off of my family office experience and achievements. + +However, this does not necessarily address the elephant in the room that will leave employers wondering about the gap. + +Any advice or suggestions? +Six hours ago, I thought we were starting the next Great Recession......now we're in the green? + +If anybody could help me make some sense of what is going on and why we just saw such volatility today, that'd be great. + +Is this a good sign? +So discovered that renters badly damaged SFH. + * Under $10,000 to fix up. Was being managed. + +Options: + #1 Considering selling, instead of dealing with next renters ruining things. + #2 OR could just repair and re-rent out. + +Problem with selling is the tax hit. +To avoid that, was thinking 1031 with a commercial building (3 units for small town stores). + +BUT don't know anything about commercial real estate. And was hoping managing commercial might be easier than residential, since helping property in good shape benefits both sides. + +Any advice? Especially on if commercial is a good idea. +Hi all, curious on what you would do if you were me. + +I have a tenant that I gave a payment plan to during Covid because times were tough. But now the tenant is starting to push back on those dates and is not paying in full. Had not paid in full over the last 3 months and this month is not responding to my text + +It’s my fault that I got a bit lax, but asking the group what would be the best way for me to get the tenant back on track? + +I’m thinking of just filing for eviction even if the courts are backed up. Should I just do it? + +(Edit: Im in GA. Landlord friendly laws) +We hired a real estate lawyer to help close on a house and write a land contract about 1-2 months ago and we feel this lawyer is nickel-and-diming us for everything. While we understood the initial expense of drawing up a contract would be big, we have gotten multiple statements for emails sent to us or from the paralegals to the lawyer. These have been charged for 30 minutes of work at the rate of $175/hour. FOR EMAILS!! + +Is this normal? We haven't used a lawyer before so don't have a good barometer for this. +**TL:DR: The stress and anxiety Kenny "LMAYO" Griffin is going thru is leading to burnout syndrome and/or hypothyroidism. These health conditions are so nasty that make people quit their jobs or sell their companies. Extreme fatigue, pain, insomnia and cognitive impairment lead to bad judgement and decision calls. Kenny "LMAYO" Griffin rounded big basketball face is a clear sign of these conditions.** + +&#x200B; + +More than 8 months ago I posted this and it has been aging like James Martins Whiskey + +https://preview.redd.it/wp20o4penro81.png?width=660&format=png&auto=webp&s=81989658021da6eaadb72e331dd2283f1638d864 + +EDIT3: beeing a naturopath doesnt prove or disprove the content I am laying out. I could be a flowerist. It doesnt change the information in this post. I took a masters in environmental engineering and I had all the physics and chemical sciences. I took a 5 year graduation at naturopathy and I am now at 4th year of nutrition course. Between first 2 years of nutrition or naturopathy or medicine its almost the same, beeing medicine more information dense. So I pretty much had all physics, chemical and biological sciences for 13 years. So yes I am a science based man but I am also a natural health medicine believer and practicioner which is also based in the same western science but also has art and others things to it. + +As a naturopath thats what I do for a living. Thats my training and education and knowledge. Thats what I study and am experienced with my own practice and patients for 6 years. I focus on the thyroid and adrenals health and thats what Ken is/will be suffering from. I decided to do this Health related DD of probable Kenny "LMAYO" Griffin condition to explain what we see from the photos. The Gamestop situation will break his health possibly before, during or after the squeeze. + +EDIT4: not here bragging or shamelessly promoting myself. But a lot of people are asking what naturopathy is. Well Hippocrates 2400 years ago was a naturopath because he used the art of natural medicine thru nutrition and herbs and lifestyle measures to treat one's health. Naturopathy can use everything non exclusive to doctors thru prescrition to diagnose and treat someone. Medicine didnt start with the use of synthetic drugs. The word has millenia years old and not just 100 years. So naturopathy can be described as the art and science of natural medicine. Its the western version of eastern traditional medicine. + +&#x200B; + +**I am going thru 4 topics and the later 2 have their own TLDR's** + +1. What is anxiety and what causes it +2. What is stress and what causes it +3. Adrenal Health, Stress Hormones and Burnout Syndrome +4. Adrenal - Thyroid Connection: Stress & Hypothyroidism + +# What is anxiety and what causes it? + +Anxiety is the fear of the future or unknown mostly but has other causes like traumas (like PTSD) or the fear of the repetition of a bad memory (like a child abuse episode or a plane crash). The origin comes from the unconscious and it affects mostly the gut (e.g. digestion issues), heart (e,g, palpitations) and thyroid (subclinical hypothyroidism). Because it messes up with your Autonomic Nervous System (Sympathetic for "fight or flight" and Parasympathetic for "rest & digest" and regenerate) which controls all vegetative functions it basically messes with the whole body and organ systems. + +[Anxiety signs and symptoms.](https://preview.redd.it/8g8ifi3i8so81.png?width=658&format=png&auto=webp&s=4ce9b25ccb881a4a336cad8619de2b9a75faf106) + +It can have biochemical or physiological causes like a microbiota imbalance like dysbiosis or magnesium deficiency or other nutritional deficiencies that unable the neurons producing the relaxing neurotransmitter GABA (like zinc or b6). In any cause anxiety does have psychosomatic effects). The fear of death or the future can lead to stress and magnesium depletion which strengthens the anxiety problem and increases heart events. The body uses magnesium to counteract the stress response and turn the system back to the normal resting state + +In Kenny "LMAYO" Griffin's case his anxiety factors are:(1) fear of the future/unknown (prison, bankrrupcy)(2) repetition of a bad memory (what is like to have no money again)(3) losing his reputation and social status;(4) possible magnesium deficiency/depletion with constant stress and overwork + +# What is stress and what causes it? + +Stress can have many definitions. It originates from [physics](https://en.wikipedia.org/wiki/Stress_(mechanics)) and was translated to psychology and physiology. In psychology stress happens when the mind is unable to deal with a future demand. It can be not having enough money to pay the bills or have enough time to study to an exam, or **like not having enough money to close the shorts**. In physiology stress is everything that takes our body out of the homestasis. Everything that causes us harm biochemically is a stressor in physiology. It can be toxins, food causing allergy protein or additive or other constituints causing inflammation, pain, cuts in our tissues, etc. + +The body response to stress is generally the same its been for millions of years such as facing a life menace like an animal that could kill/hurt us or starvation. Every stressor turns on our "fight or flight" response. The body naturally turns to its karate position, the blood flow and heart rate increases. The muscles contract, the adrenals produce more stress hormones like cortisol and adrenaline. Every organ and system needed for a "fight or flight" response is turned on and every organ and system that is not necessary for that has its energy and activity diminshed. You not gonna pee or take a shit while running from a lion for example. Thats why some people cant pee while beeing watched or while in the ocean (cold water is stressor). + +&#x200B; + +[symptoms of stress](https://preview.redd.it/8yy8yi7u8so81.png?width=433&format=png&auto=webp&s=4b594cada1740a0b905466f7bdbdbb40d4abdb0d) + +So while the autonomic nervous system responsable for the stress response is turned on, the other counterpart is turned off. That is the one responsible for "rest and digest" and regenerate. Thats why cold water or argue with someone fucks your digestion and cold temperature fucks your sleep. + +In Kenny "LMAYO" Griffin's case his stressors are:(1) the fear of prison;(2) turning billionaire to millionaire or worse;(3) losing his reputation and social status;(4) lack of sleep(5) overwork(6) ego defeat + +# Adrenal Health, Stress Hormones and Burnout Syndrome + +**TL:DR -** **Burnout Syndrome happens with chronic stress/overwork/lack of sleep. The constant pumping of stress hormones leads to cell hormone resistance and adrenals exhaustion because of chronic high production. This leads to extreme fatigue, cognitive impairment and circadian rhythms issues that lead to insomnia. The body breaks followed by the mind and people make bad judgement and decision calls and quit their jobs or sell their companies.** + +Anxiety or stress factors make your stress hormone producing gland (the adrenals) to pump cortisol and adrenaline (stress hormones) to turn on the body stress response and keep it that way. If those factors are constantly present, then the hormone production is also high and constant. This prevents the body/mind from crashing before the demand/threat goes away. The problem with this like with any other hormone, neurotransmitter is that this constant stimuli makes the body adapt. + +This means that our cells that receive these hormone/neurotransmitter signals remove part of the antennas (receptors that receive and transmit the signal) in order to be less stimulated. This is the physiological adaptation. Its like when we have a constant strong noise around us but after a while we start ignoring the noise to the point we almost dont hear it. Or like when we have a dog inside our house but after a while we can no longer smell it. Or like when we eat too much sweet or salty food and after a while we need more salt or sugar to feel the flavor. Its the same with medications that increase neurotransmitters or hormones. Like antidepressants, anxiolytics, corticosteroids. The doctor needs to increase the dose overtime for the same effect. And after a while it just no longer produces any noticeable effect. + +[Burnout symptoms](https://preview.redd.it/qgal1gh68so81.png?width=566&format=png&auto=webp&s=522e9c0ce6137411e17b7cbbbfc5ca9cea9caffb) + +So the body resistance in the cellular level to those stress hormones starts increasing overtime. In response the adrenals have to produce more to maintain the same effect. This leads to positive feedback loop where more concentration leads to more resistance and more concentration and even more resistance and repeat. After a while the adrenals start becoming exhausted. After so many years pumping so much stress hormones, they become fatigued and then that production becomes extremely low. But the resistance still maintains. + +At this point it is like the body no longer has stress hormone effect. The energy levels drop to a point where the person can't get out of bed. The resistance then drop because the lower levels make the cells adapt to become sensitive again. But the adrenal exhaustion remais. And it remais for many years if untreated. This is the burnout syndrome. The person cant sleep, doesnt have energy for anything. It is most commom in nurses and CEOs and other jobs where there is overworking, rotating schedules,... + +**Some of these symptons are nasty and affect the decision making of an hedge fund manager for example to the point he starts making bad calls or wants to quit his job.** + +Takes many years to recuperate untreated and at least 6 months treated with a full lifestyle plan. + +In Traditional Chinese Medicine they call the life battery Jing. We receive that battery upon conception from parents. Some people born more charged than others. That battery determines our longevity and it is located in the kidneys (adrenals are attached to kidneys). We lose Jing overtime. Depending how we live, we can lose Jing faster or slower. Jing can also be replenished but to a smaller extent. We cant live forever. The loss of Jing leads to aging. The kidneys and Jing control the health of bones, teeth, colour of hair, mind, fertility and fear. Thats precisely what is most affected when we get old. Some people lose it faster than others. When you see a 30 year old with 100% grey hair. He was born with little Jing. When you see a 40 year old with existential fears, low Jing. Stress depletes Jing. **When you see Kenny "LMAYO" Griffin hair going crazy gray in such a short spam of time now you know what it is: he is aging at a faster rate**. + +# Adrenal - Thyroid Connection: Stress & Hypothyroidism + +**TL:DR -** **Chronic stress/anxiety leads to hypothyroidism which leads to fatigue, pain, insomnia, cognitive incapacity and other nasty symptoms that affect the decision making. Kenny "LMAYO" Griffin rounded face is a clear sign of hypothyroidism** + +Thyroid is the main gland responsible for the metabolism speed/activity. For this regulation it produces 2 hormones: T4 and T3. + +T4 acts like the gas deposit and T3 like the accelerator. T3 is 5 times more active than T4. But T3 is mainly converted from T4 in other organs and not the thyroid. + +For this conversion there is an enzyme responsible than can convert it to the active T3 and another enzyme of the same family than can convert it to the inactive form of T3 called Reverse T3 (RT3). This latter enzyme is sensitive to stress, trauma, anxiety and other dozen factors. + +So chronic stress/anxiety can lead to a type of hypothyroidism called Non Thyroidal Illness Syndrome. Thats when the ratio: active T3 (accelerator) / inative T3 (brake) is low. Its like when you try to accelerate your car with your other foot in the brake. The response in acceleration is not gonna be the same until you take that footie out of the brake (lower RT3). + +&#x200B; + +As for the symptoms of hypothyroidism, the next picture its the same for men. + +[Hypothyroidism symptoms](https://preview.redd.it/pjz5vrkr9so81.png?width=800&format=png&auto=webp&s=be00a8e8d79de7f80fc749b37d75ced4754f899f) + +Some of these symptons are nasty and affect the decision making of an hedge fund manager for example to the point he starts making bad calls. Treated takes 12 - 24 months. Untreated might never recuperate. + +&#x200B; + +Allright took me some 3 hours to make this DD. Hope you enjoyed it. Maybe it was helpfull to your personal case. + +&#x200B; + +**Stay Zen and avoid becoming ill like Ken** + +&#x200B; + +EDIT2: I will be doing 3 posts about how to treat Burnout Syndrome. Hypothyroidism and Manage Stress levels mostly with lifestyle but also nutritional and phytotherapy interventions +I need suggestions - top upvoted comment will be the charity - You heard that right if GME hits 100k a share I will record all of it on YouTube for you all to watch too. Monkey army. +Title. It seems every time a post pops up that asks for under rated or undervalued coins, half of the comments are people responding with ALGO with no context. + +Maybe I'm a contrarian, but i feel like this behavior behind a coin turns it into more of a memecoin than a coin that has value in the future. + +I'm sure I'll get some hate, but I'm curious if anybody else feels this way. Who knows though, maybe it will be the next big thing and I'll end up eating my words as an old man (but I don't think I'm wrong) + +EDIT: It seems I have offended those invested in ALGO. I'd like to take this time to apologize.... TO ABSOLUTELY NOBODY!!! +You lucky motherf$#!$. + +The market is hilarious. There's a reason why NEO tried to advertise itself as the ETH of China, because China is not the player to be concerned about for ETH. (no offense meant to Chinese Devs, you're great, just not the majority share of the effort). + +If you still have disposable income to invest, I'm envious of you. Ethereum remains an extraordinary investment leveraged by massive developer mindshare. All those hard working minds building web 3... +I'll try to keep this short. + +Do you remember a while back when we had a huge push to comment on proposals from the SEC? We even had Lisa Braganca (Former SEC Branch Chief) [tell us it was important!](https://youtu.be/9nvuL0mevRk) + +I know very few of you have time to read the entire proposals and fewer of you have time to learn the complexity of certain proposals. Here's the good news, the SEC is actually pretty good at summarizing the purpose of a proposal. + +So I invite you to head on over to the SEC or other regulatory bodies proposals: + +https://www.sec.gov/rules/proposed.shtml + +https://www.sec.gov/rules/sro.shtml + +Here's the steps I recommend: + +- Pick a proposal, find one that might be of interest to you. Make sure comments are still open though. + +- Read the summary, if your brain has some wrinkles read the questions they ask within the proposal and see if you have opinions. + +- Read some of the comments on the proposal, especially institution's comments and recognizable entities comments (better markets for example). This will give you an idea of what Hedgies think about this rule and help you formulate an opinion + +- Send your comment as outlined here: + https://www.sec.gov/regulatory-actions/how-to-submit-comments + +Point 2, by email, is probably the least hassle. You can always use a burner email. + +I ask all of you to comment on just one of these a week or even per month. Our voices carry power through numbers. Let yourself be heard. + +Thank you for reading 😊💕 +Personally, I don’t understand how people can spend thousands at Saks or Bloomingdales. I honestly buy most of my clothes off Amazon or at Costco. Those polyester polo shirts from Amazon are my favorite. Contradicting to this I will buy designer jeans as I think they are more comfortable than cheaper brands. But I can’t tell the difference between a high end polo and an Amazon polo besides the logo. I have some higher end polos and long sleeves to wear when appropriate but I don’t really wear them often. I’m just wondering if there are other people who think spending money on some things is not justified? +Only theoretical, what would you do if you woke up tomorrow just to see that the price dropped more than 50%? A real flash crash. + +Would you +- buy more and be optimistic it will bounce back? +- hodl but with caution because of such a fast crash? +- decide it was a bubble after all and panic sell? +- throw your coffee mug at the wall? +- stare at the charts for the whole day in disbelief? +- just assume it must be a bug with the charts? +- something completely different? + +If been always asking myself how I would react. Probably still try hodl, but you just never know what you will do when emotions come into play. + +Such a crash would show who the real believers, who are in for the tech, are. +The NY Times just posted an article that explicitly stated that a repeal of the ACA will affect retiring early "... protections for pre-existing conditions are particularly important during an economic downturn or to those who want to start their own businesses or retire early. ". It seems like healthcare portability is also essential to FIRE for those under 65. What about your plans? https://www.nytimes.com/article/supreme-court-obamacare-case.html?referringSource=articleShare. +Good morning everyone, happy Monday! + +It has been a long while since I've posted here. I wanted to give a quick update since I've reached a new milestone, and maybe generate a bit of an AMA for those who are interested in Real Estate Investment to help them along. + +What has changed in the past year: After investing in real estate as a hobby for almost 4 years, I received an out of the blue job offer to work with my private lender and jump into this full time. I quit my safe corporate job and jumped fully into investing. My network has exploded, and opportunities continue to appear. + +Since I quit last summer, I have doubled my portfolio and continue to grow at a much faster pace than I was going before. Now that I am doing this full time, my knowledge on Real Estate has taken off, too. I didn't realize until after I jumped ship that doing this as a hobby is hard! I give credit to everyone out there investing while working full time-unrelated-jobs. + +My new Financial Security status: I now own over 1 million in real estate (all single family) that cash flows $3,500/mo. While this is not what I consider to be financially free, or financially independent, this does allow me to be secure and cover all of my living expenses at my current lifestyle for the short term (at least a few years). It isn't quite where I want to be in retirement, and not a sustainable number for long term retirement anyway with a leveraged real estate portfolio. But it does provide a wonderful thing called OPTIONS! + +My goals change frequently as I grow, but I would like to have reached full financial independence in the next few years. I consider that to be where I could retire long term with a comfortable lifestyle. I enjoy real estate investment so I may continue to work after I achieve this, but only when I want to. + +I'll be around today to answer any questions for those that are using real estate for their path to early retirement. + +Cheers! + + +Edit: There has been some discussion about my equity position and how the returns don't make sense. To clarify, my portfolio is leveraged and my equity is around $300k. I do not own 1 million in paid off real estate, though when these do pay off (if I ever let them) the cash flow would be much higher. I built the portfolio with some cash, but no where near 300k as much of that is forced appreciation. My cash flow of $3,500 is based off of a net number after all expenses sans property management. Some other real estate folks below have explained a bit more on what returns on leveraging real estate can look like. +[AP Moller-Maersk](https://www.cnbc.com/quotes/AMKBY) on Wednesday predicted a slowdown in global shipping container demand this year amid weakening consumer confidence and supply chain congestion. + +The Danish shipping and logistics company — one of the world’s largest and a broad barometer for global trade — said it loaded 7.4% fewer containers onto ships in the second quarter when compared to the same period in 2021, prompting it to revise the full-year outlook for its container business. + +Maersk now expects demand to be at the lower end of its range, between -1% and 1% in 2022, as rising inflation and energy prices darken the global economic outlook. + +“Geopolitical uncertainty and higher inflation via higher energy prices continued to weigh on consumer sentiment and growth expectations,” the company [said in a statement.](https://www.maersk.com/news/articles/2022/08/03/maersk-continues-to-grow-logistics-business-and-deliver-record-results) + +“Given this background, in 2022 global container demand is now expected to be at the lower end of the -1% to +1% forecasted range,” it said. + +## Stockpiles build-up + +Maersk warned that the slowdown was especially pronounced in Europe, where stockpiles have been building up at ports and in warehouses as consumer demand wanes. + +Russia’s war in Ukraine and Covid-19 lockdowns in China have only exacerbated such congestion woes, it added. + +“In Europe, supply chain congestion remained as retailers and manufacturers kept containers in ports and warehouses due to weak final demand. Port lockdowns in China due to the Covid-19 zero-tolerance policy as well as consequences from the war in Ukraine also caused strains in key areas of the logistics network,” the company said. +High Tide Inc (HITIF) is a Canadian Cannabis retailer founded in 2009, Since then it has expanded into an expansive retail chain with over 69 branded stores across Canada and many more now to come across the US. + +Stuff you should know about HITIF and it's place in the industry: + +* It has been having record profits for months now. This is a sustainable company! +* Has applied for a nasdaq listing via reverse split, this should be coming soon within 1-2 weeks! +* This company has a gross margin of 38%. That is almost 6x as much as SNDL at 6.53%. +* It has the best balance sheet in the entire Canadian cannabis industry: [https://www.bnnbloomberg.ca/video/bruce-campbell-discusses-high-tide-inc\~1899753](https://www.bnnbloomberg.ca/video/bruce-campbell-discusses-high-tide-inc~1899753) +* Share price as of writing is 0.41$. SNDL is over 1$! +* HITIF has a publicly available float of 75%. Compared to SNDL at around 94%. +* 25% insider owned! +* HITIF average daily volume is roughly 6x compared to half a month ago. SNDL volume has increased roughly 5x within the same time period. +* Taking into account the fact that SNDL has nearly 2x the total float of HITIF and is still valued at over a dollar, this means that HITIF is still 4x less valuable as a stock compared to SNDL. +* For a company that is already established and improving within a bullish cannabis market while comparing it to SNDL which has already began growing much further into its actual valuation, I believe HITIF has a LOT of room to run. +* HITIF is still not available on RH yet! This means that if your broker already provides access to this ticker you are still early to the game!! Once more people start piling onto this it will become available on many more brokerages such as RH where much more money will come in. + +More stuff! + +* Aurora cannabis and Aphria are both invested into High Tide. +* They literally have celebrity deals with names like Snoop Dog (walking cannabis advert) and Guns n' Roses!!! +* This company is the largest Canadian cannabis retailer yet still has a quarter of its revenue coming from the US. With plans now to expand vastly across the US we can expect this to have a huge impact on the company. +* They have a really good management team, the company is really quite business orientated and tries to please their investors. +* High Tide plans to double its store count by the end of the year. + +Basically this company is really undervalued because its really profitable. New emerging cannabis market in the US means this company can now expand into it to grow more, Biden legalisation etc... + +Company is also financially sound and unlike many companies that are overvalued and yet to grow into their valuation, High Tide is the exact opposite. + +Price target??: Heck 10x within a few months actually sounds doable. + +Recent catalyst: + +[https://www.newcannabisventures.com/high-tide-sells-units-at-c0-48-to-raise-c15-million/](https://www.newcannabisventures.com/high-tide-sells-units-at-c0-48-to-raise-c15-million/)High Tide has just had an offering for over 10% of its total float! This is a massive amount. + +Other Stuff: + +Thought this would be cool to show you. Slump caused by recent market hype stock shit, expect it to go up again soon! + +[https://imgur.com/a/SYMI8gq](https://imgur.com/a/SYMI8gq) <-- edit changed this link because the one b4 was broken + +Position: 1k shares at 0.41$ + +Sources: + +[https://hightideinc.com/wp-content/uploads/2021/01/High-Tide-Investor-Presentation-2021-01-18.pdf](https://hightideinc.com/wp-content/uploads/2021/01/High-Tide-Investor-Presentation-2021-01-18.pdf) + +[https://www.marketwatch.com/investing/stock/hitif?mod=mw\_quote\_tab](https://www.marketwatch.com/investing/stock/hitif?mod=mw_quote_tab) + +[https://www.marketwatch.com/investing/stock/sndl/financials?mod=mw\_quote\_tab](https://www.marketwatch.com/investing/stock/sndl/financials?mod=mw_quote_tab) + +Edit: someone also made another DD on this and would like me to attach it so here you go https://docs.google.com/document/u/0/d/1mnW6Ehhhkkj2vHX9owNvusWXfjRpsa99ecaY1kWLdPg/mobilebasic this one is quite good +I honestly feel like the world is going to absolute shit for people who haven’t been paying attention. + +Inflation is insanely out of control, interest rates keep going up when people say “they won’t keep raising rates”. + +Gas prices are honestly getting to crazy levels and the supply chain is still in fucking shambles. + + + +Early, not wrong. Patience pays. +My story and thanks for listening - + +- PhD in Plasma Physics from a top research university + +- Husband was against me working. + +- Then housewife for 21.3 years with 3 kids. + +- Then he found someone younger and admittedly much prettier than me. She was his secretary and they bonded. + +- Then he divorced me. I don't blame him - she is much prettier than I was even when I was young. + +- 21.3 years is a long time to be unproductive and I am quite out of touch. But I could pick up research-wise where I left off in a year + +- Money was becoming a very critical issue for me as I had no way to pay my bills. So I applied locally and got an offer from Walmart. I work at the local Walmart for minimum wage. + +- I am willing to move anywhere in the US but have no budget to move. If I get an interview call from say Los Angeles, I have no budget to go there either. + + + +To clarify my situation in more detail, I live in the sticks in one of the most rural areas of the US isolated from almost everyone except cows and sheep. Luckily, we have a McDonald's and a Walmart that services highway traffic. However, I am willing to move anywhere in the US but I have zero budget to move. My professors have all died or long retired. I have no academic contacts - certainly not the kind who would want to associate with a housewife of over two decades. Husband eloped to live somewhere in Thailand with that gorgeous Thai woman and I probably won't get any child support or anything. My children live with my sister now in Canada. + +Thanks again for listening. I have no one to tell my story and my sister thinks I am sending negative energy her way if I share. +Fairly young guy here making $120k base + 40k stock options grant per year. + +I'll be saving 75%+ of the base income for at least next 2 years. I don't spend a lot anyway so I'll at least have savings rate of 40%+ after that. + +I want to reach Financial Independence by 35 max. + +The problem I have with Super is I need to wait 41 years from now until I can start withdrawing. I know about the first home super saving scheme, so I plan to contribute enough to be able withdraw for that but nothing more. Is this a very bad idea? + +The reason I ask is because I see a lot of people suggesting putting most of your money on Super. + +My plan is to mostly invest in ETFs and properties. I understand compounding on low tax environment would be better but I'm not sure how much worse off I'll be if I don't contribute to super at all. + +The valuation of the company has nearly doubled since my options grant and it is showing high growth all around. I genuinely believe in the product. But for my FIRE calculations, I'm not counting that because a lot of things can go wrong without me being able to cash out. + +Very new to FIRE or financial world in general. Would genuinely appreciate if you can correct me if I made any incorrect assumptions or used wrong terminology. Thanks! + +TLDR: Very young. Wants to retire early. Accessing Super seems too far in the future. +I’ve been trying to find historical data to ascertain how house prices generally fair during recessions, particularly in Sydney/Australia. + +Anyone have any sources or ideas? +*Mods apologies I can't seem to change post flair + +I am a first time buyer and very recently had a meeting with a mortgage broker. + +However this person did not understand my questions or concerns, or take proper notes of my answers and I had to keep repeating myself. + +I came away with low confidence they were going to find me an appropriate loan, despite that they ended up putting reasonable options on the table. + +I also wanted time to decide if I wanted to go fixed or variable and was frustrated they used the line "you'd better hurry and buy soon before rates go up further" - I absolutely hate being pressured by anyone to hurry up when it comes to big decisions. + +They really got me offside and I just simply don't like conversing with them. It's a personality clash at the end of the day. + +I assume like any service provider having a good rapport with mortgage broker is important, or does it not matter too much in grand scheme of things? + +I know I can just walk away and say thanks for your time but keen to hear thoughts from others. + +Recommendations for any Melb based brokers welcome too. +Trading crypto for 4 years over 6 exchanges and not really knowing what the tax laws meant. For some of you in here who understand that the "power to tax is the power to destroy" - and have been in business long enough to know what the IRS is - that one thing you can't avoid. I'm 55. I fear that a lot of young folks will be destroyed - like a dragnet ... the IRS will eventually come to you. If some of you avoid taxes and get away with it - Great! + +The last thing I want to do is pay taxes - but it is part of the whole picture if you want to hold for the long-term. + +I have found cointracking.info to work really well. It took me about a month to get the exchanges linked up using API. I don't have all the balances right (Poloniex) is not right, but all the gains and taxes appear to be correct. The API allows for "read only" on your exchanges. + +I feel quite relieved to have gotten my head around this. I was paying in my taxes all along but not doing it right and neither was my tax service. But, now I got it. I was quite far behind. + +I just want to encourage folks not to be dishearted when it comes to figuring out your taxes. It can be done! If anyone wants a little help getting you on track - please don't hesitate to ask me. I learn by helping and want to help as many as I can to avoid being ruined. +[I read this article that got me thinking](https://thecryptoinn.com/acala-network-launches-ausd-polkadots-native-multi-collateral-stablecoin). + +There are so many stablecoins. Which one has the best shot at becoming adopted by the general public? FWIW I am only considering multi-collateral stablecoins for obvious reasons. + +Super keen to hear your thoughts! +Hey fam, +Welcome to the first talk of the series! /u/jtnichol and I just got off the phone! We had a great conversation thanks to the [questions submitted](https://www.reddit.com/r/ethtrader/comments/b0c2f5/the_ethtrader_member_spotlight_with_ujtnichol/). I'm using the built-in webcam so low resolution, but the audio quality is quite decent. + +**Link to YouTube: [https://www.youtube.com/watch?v=6I2rDQCF7Fs](https://www.youtube.com/watch?v=6I2rDQCF7Fs&index=3&list=PLTzbA2lLaEj3O0PiYVP9p-YS3PoF_Le8L)** +**Link to MP3: http://krokodilmannchen.belgianboy.com/ethtrader-series/jtnichol.mp3** +**RSS feed: http://krokodilmannchen.belgianboy.com/feed/podcast/** + + +# The questions (chronologically) +### Intro +* Can you share a little bit about the place where you’re sitting right now? +* Who are you and what are your interests? What is your background? +* What, if anything, did you study? +* Who do you look up to, and if it's nobody in particular, where do you go for advice? +* Where can people learn more about you? (blog, youtube channel, twitter?) + +### Yes/no +* Do you regret hodling through 2018? +* Is your faith in the system stronger than ever? +* Do you hold conversations with your dog? +* Ever met Vitalik? Gavin? Andreas? (impressions?) +* Are you still keto? +* Any of your family interested in crypto? + +### EthTrader Questions (some have been grouped together) + +u/Trent_vanepps + +* What was the toughest time for the sub, in your opinion - both as a mod and as a general community member. Either a single event, a particular price, certain people. etc. Conversely, what times have you enjoyed your role as mod? +* What can we do to make these times happen more frequently / strengthen the community? + +u/ruvalm + +* What is the most memorable of your Mod actions here on Ethtrader ? +* If you could implement one new sub rule (let's call it Rule XI) what would it be? +* Do you see yourself moderating /r/ethtrader in 5 years ? +* What was the ETH bullish trend that you've enjoyed the most in our sub ? +* Was there any moment that price action and consequent reactions to it in our sub discussions made you feel that you wouldn't want to be a Moderator anymore ? +* How much did your work as Moderator increase from January 2017 to May-June 2017 (/r/ethtrader exploded maybe 10x in subscriptions during that timeframe) ? + + +u/jkaykr + +* How were you first introduced to Ethereum? + +u/reterical + +* What is the latest on Devcon 7? And how can I help? + +u/slay_the_beast + +* You’ve been here a while, probably longer than most. +* In what notable ways have you seen the ethtrader community change as the Ethereum blockchain has matured? +* What would you like to see more / less of in this community over the next 2 years? + +u/soupdizzle1 + +* What's your "go to" KC style bbq marinade/rub recipe? +* u/10231984 +* Favorite meat to cook? Favorite things to check out/do in KC? + +u/ChazSchmidt + +* Are there any Ethtraders that you haven't heard from in a while that you wish would come back to the daily? heard from in a while that you wish would come back to the daily? +* When you've had a day where redditors or students test your patience, what do you do to remain calm, blow off steam, or unwind? + +u/redbullatwork + +* What are some of the other crypto related youtube channels you subscribe to? + +u/redredditor + +* Favorite music? Favorite artist?* + +u/_lotuseater + +* We all know that you work in the US public school system, so it seems that extending some of your ethtrader mission to your real world job would naturally follow. +* Is blockchain a current or future topic for your school's curriculum? +* Do you think Educators in general have good awareness of the increasing impacts of blockchain and DLT on society and are ready to prepare our students for that future? +* Aside from blockchain as a topic of study, do you also see any specific use cases for this technology in school administration? + +u/spcialx + +* What do you think about TA? Are you using TA yourself? +* Whom do you follow on Twitter / YouTube and can recommend in terms of development but also price prediction +* How much are you interested in price trends and price predictions or are you only worried about the /r/ethtrader community? (: +* When do you expect ETH to hit ATH again (do you expect it at all)? +* What do you think about the comeback of u/ScienceGuy9489 and his predictions? Do you share the cult? + +u/KathyinPD + +* Where in SE Kansas? Along old 169 lies Iola, Humboldt, Chanute, Coffeeville--all 💝 Norman Rockwell-ish settings w/ based, no-nonsense, solid folks as you seem to be. +* Do you remember the area's invasion by Amazon with its headline-inducing, first-of-kind warehouse operation? It suddenly made small-town Kansans cool to be aligned front/center with raging new technology. +* Did Amazon or any of the other Giants spur your devotion to tech? If so, how? If not, what did? + + +### Rapid Fire Questions +* Old reddit or Redesign? +* Hall&Oates or Fleetwood Mac? +* PoS or $3000 ETH? +* East Coast or West Coast? +* Bitcoin or Bitcoin Cash? +* Europe or Asia? +* A dinner date with Roger Ver or Craig Wright? +* A dinner date with Vlad Zamfir or Joe Lubin? +* Another year like 2017, or another one like 2018? + +____________________________ + + +## Mentioned in the talk + +https://www.ribbonfarm.com/2017/10/10/the-blockchain-man/ +https://www.ribbonfarm.com/2019/02/28/markets-are-eating-the-world/ +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! + +Hey all, + +Welcome to the 5th day of the $1k to $10k Challenge, where I daytrade my way to $10k. + +A few notes before the update: + +1. I'm using a cash account to avoid PDT +2. I mostly daytrade 0DTE QQQ options, but not opposed to any opportunity that comes up +3. I use Support/Resistances, VWAP, 50/200 MA, and RSI to daytrade. +4. I use the 1 minute chart + +**Challenge Overview** + +Wow! What an amazing start to the week, 20% gain, that's half of the 40% weekly target! This is great and not because that means we can make more money this week, quite the opposite it means we can now afford more red days and still hit our weekly target. That means we can afford tighter stops and can trade in a much more relaxed state of mind. With that said let's see how we got there today and what I could have done better because believe it or not we could have 3x the gains, in hindsight. + +Also another great thing today, as you guys requested the buys were alerted in the discord before I bought them so you can play along with me. Consider joining if you haven't we have a great little community and it's free. + +&#x200B; + +https://preview.redd.it/projdjwf23x81.jpg?width=473&format=pjpg&auto=webp&s=6c121ed2d97b7dcb859cdb47698bbdc1e6a2461e + +**What did I trade?** + +Today we had 2 trades + +1. QQQ 313P 0DTE - 2 Contracts - $2.5 Average - Sold at $3 +2. QQQ 310P 0DTE - 6 contracts - $1.46 Average - Sold at $1.75 + +&#x200B; + +https://preview.redd.it/m7cgp8hg23x81.jpg?width=472&format=pjpg&auto=webp&s=1fd0dad6785836c925d46ee1e67de870da194272 + +**Why did I pick these trades and what i could have done better?** + +So following this morning's thesis, we expected a drop and then a relief rally into tmw caused by the FOMC meeting. + +For the first trade, I played the morning flush. PM QQQ was running and at a point even overbought. So what I did is I waited for a small run-up and then got some puts. In and out in under 2 minutes. nice scalp to start the day based on the Morning Flush strategy. + +The second trade is where most of the action was and the one thing I believe I could have done better on this one is the entries. Instead of playing this trade on the 1 min chart, I believe I could have secured a better entry on the 5 min chart. With the starter position right when it bounced off 200MA. + +I started building a position as the QQQ was flirting with the 50/200 MA and VWAP and then it shot up all the way to the resistance at 315.4. It got rejected there. HARD. This confirmed my theory and as alerted in the room, it was a bull trap. I averaged down on the way up, luckily I learned from my mistake last time and started small and waited it out. There was no volume to support that bounce. And another confirmation was massive waves on puts being bought by whales right before the knife. After one last reject QQQ knifed hard and this is where I exited the trade. + +&#x200B; + +https://preview.redd.it/eg5qcf6h23x81.png?width=587&format=png&auto=webp&s=e6032c12468146016dbb2499c3e2f23e2ff71caf + +So to wrap things up great start to the week, I think tmw we might be bulls depending on how things play out today, which would be a first for this challenge, but remember as I always say we are not bulls or bears we are traders. + +If you learned anything from me today, please follow my subreddit[ r/theashshow](https://www.reddit.com/r/theashshow/) for daily updates, strategies, and much more. + +And hop onto my discord (in the sub sidebar) if you want to discuss anything stock-related or need any help with trading (Free offcourse) + +And sub to my Youtube channel, ill start making videos soon! +Finished red today. Normally I just walk my dogs and by the end of the 3-4 mile walk, I’m over it. Today $SPY really upset me though. Even after play time with the dogs, I was still a bit irritated. Something unexpected happened though. My daughter sees me charting in bed and she brings me my favorite flavored popsicle out of nowhere to cheer me up, and now I’m instantly ready scalp the hell out of $SPY tomorrow. It’s the little things. I don’t finish red too often. This is only my 3rd red day this month. + +So how do you all cope? +Source: [https://www.fidelity.com/learning-center/trading-investing/markets-sectors/bull-market-highs?ccsource=email\_weekly](https://www.fidelity.com/learning-center/trading-investing/markets-sectors/bull-market-highs?ccsource=email_weekly) + +Key takeaways from the article: + +* The stock market hit new highs last week, and the history of market cycles suggests that the current bull market trend could continue for some time to come. +* In terms of the business cycle, the US economy is out of recession and into an early cycle recovery. +* In addition, the market continues to display characteristics of a secular bull market. Secular bull markets are prolonged super-cycles in which the market produces above average returns. +* Factors supporting the secular thesis include de-equitization (the number of public stocks is declining), a highly accommodative monetary policy, and a weaker dollar. + +Interested in hearing your opinions. +WTF is up with all these whiny cry babies blaming CMC, a **FREE** and ridiculously useful website when their shitcoins start dropping? If you are judging whether you buy or sell based on the average value of your shitcoin over multiple exchanges as opposed to the exchange you are directly dealing with, sorry to say, but you're an idiot. +42F, Teacher. +Autoimmune pain condition (Psoriatic Arthritis) +Severe Degenerative Disc Disease + +I have been teaching for 15 years, and was planning to continue until retirement. However, my health is deteriorating rapidly, and I don’t know how much longer I can continue to do this (physically). + +I own my house, and currently owe 80K on it, and owe about 50K in student loans. Similar houses in my neighborhood are selling for 230K. + +I am afraid of what will happen to me in the future. I only have about 15K in a 403b with my school district, and they just cut pension matching in my state (Florida) + +I can pay off all my debt by selling my house, but then what? How do I exist and not be homeless? + +Salary: 44K +2600K net monthly +Mortgage: 1000 +Utilities and food: 500 +Car insurance: 150 +Healthcare:$300 +Student loan: $370 + I need help. I am not a dumb person, but when it comes to numbers, I am a total disaster. This translates to financial issues every month. + +According to someone fairly close to me, who is aware of my income and regular expenses, I should be able to save around 3000 euro each year. But ... I am not able to save anything. Even more so, I have a "small" debt (7000 euro). + +Being totally clueless when it comes to numbers does mean that I spend too much money on certain things. The easiest way to explain it is, I have difficulty seeing the difference between something that is 5 euro, and something that is 50 euro. I know 50 is more than 5, but that's about it. When I see a price listed somewhere, I hardly question it and just spend it ... until all of a sudden my bank account is empty. + +I have tried apps on my phone and spreadsheets on the computer to track my income and expenses, but it's hard to do it properly. + +I had hoped - and still do hope - that by having something like a good spreadsheet, I can have a good overview of all my finances, and that this can help me decide whether or not I could spend money on something or not (also, it's not that I go on spending sprees every week, but I do have expensive hobbies, unfortunately). + +Does anyone have any tips for me how I can manage my personal finances? Links to good spreadsheets, or tutorials on how to manage money? + +Thank you so much! +Interest rate on the mortgage loan is 2.375 . + +What would be a safe investment? + +Have a 10 year horizon for being in the house, so with an investment, would I be doing a lump sum payment on the mortgage then? + +Thank you for any and all help. +Hello all, recently married! + +My husband and I are looking into our financial plan and wanted and see what couples have done to either maintain separate finances or melding them to anything in between as well as the pros/cons. + +We are looking at either 1) one joint account with all bills, debt, deposits, and expenses then separating out personal/fun/other money monthly into our own adjuncts or 2) keeping our own personal accounts for paycheques and personal expenses then depositing set amounts into the joint(s) account monthly for common expenses like rent, hydro, vacation, etc. Currently we just maintain our own accounts at different banks and settle up our common expenses each month with an etransfer. + +Some more information, we aren't currently in a mortgage but will be in the future, we're saving rrsps and both have stock options. We're in Canada fyi. + +Thanks team. + +Edit: both ages 29-30, getting grounded in our careers both making 75,000+, no significant assets as we are both under 5 years in +25, Male. Salary 80k. + +Anyone see room for improvement? Should I not be so invested in ROTH IRA contributions? It's after I get taxed for the money.. but my income in retirement should be higher? HSA seems amazing with the whole no tax on medical expenses thing.. thoughts? + +Assets: + +1. 6 month emergency fund sitting at $25,000 + +\- $2500 in a 5% dividend account (that's the max allowed for the 5% return) + +\- $22500 in a money market account at 0.75% dividend (6 withdraw / month limit) + +2. \~ $100,000 in a company 401k + +3. \~$2500 in ROTH IRA + +3. \~33k equity in a $180k house + +Debts: + +1. 4.7k loan, 3.1% interest rate (student loan) +2. The rest of the house, I suppose + +Contributions (I changed this recently from pure 401k contributions) : + +1. I contribute $500 / month to a personal ROTH IRA from my income (to max $6,000) +2. I contribute pre-tax max to HSA account (My wife and I are gonna have a kid or two soon :) ) +3. The max match percentage for my company 401k + +All in all, it's an effective \~25% savings including employer contributions.. now, we use the HSA account for qualified expenses. (contacts, prescriptions, etc.) + +Super grateful for all thoughts / suggestions! :) +so i will be starting a health assistant job with a local school at the beginning of the month. so i’m trying to look over benefits and get my things in order. + +definitely doing a 401k n life insurance… trying to decide on hsa or fsa… my sister has a hsa , so i lending that way but what do you think? +My main questions are about what to do with an undergrad Sallie Mae loan that's up to $52,000 with almost %10 interest. Ive got close to $420,000 in direct loans I plan on going the PSLF route (will be working/doing residency in rural primary care starting this summer). There's no way to turn sallie mae student loans into direct loans right? Should I refinance them with another company to get a lower interest rate? I think ill have to defer at least while I'm in residency because my salary will be like $55k.. +Tittle says most of it. Our family isnt too financially stable and I'm concerned we will go into bigger debt with this loss. Mourning had our thoughts jumbled so thought I would come here for advuce. + +Last night while driving south bound, a car travelong north swervee into the guard rail then into our lane and injuted everyone in my familys car; killing my youngest cousin. The driver and passenger of the other car also passed away. As the other driver passed away what are our legal options in pursuing funds to cover the funeral and hospitsl bills? +Original Post: https://www.reddit.com/r/financialindependence/comments/6lx4ry/dating_and_fire/ + +So we had a long discussion. Overall, the issue was driven by the fact that she felt I was not as excited about the wedding as she was. [Because I was concentrated on costs of things] So she "started" the fight knowing my buttons. In the end we made up. We agreed, that we will "relax" some of our/my frugalness for the wedding. There will be no "wasting money", aka ice sculptures, super expensive decor. The price tag is mostly driven by large guest list. We agreed that on all other aspects we will remain targeting FIRE in 5-8 years. And for those asking, yes there will be prenuptial agreement. +TLDR; Disappointed in a $1/hour raise in my performance review and employer became defensive + +Hey all -- not sure if this is the right place to ask about this, but I'm really torn; + +At the end of the summer, I decided to leave my full-time restaurant manager job of 9 years to start working at a family-owned counseling clinic as an administrative assistant (very small, and everyone who works there is related). I was hired on the spot, but wasn't told what my pay would be until my first day of training. ($15/hour and only 27 hours a week). I said that was a bit under what I was hoping to make, but agreed because of lacking office experience and being new, and I was told we could revisit my wage after 90 days. + +I worked my butt off for those 90 days; exceeded expectations, went above and beyond in all areas possible and even helped in areas not in my job description (fixed printers/fax machines, built furniture, created spreadsheets for payroll, helped in the billing department, etc). + +My review went really well and I was told all of these positive things about my performance that they noticed and even the negative things were just areas for improvement. I was offered a $1 raise (so now $16/hr 27 hours a week). She asked "how do you feel about that", which I replied "well, I'm not so sure. I was hoping for a little more, or even more hours, seeing as I've jumped in and am wearing many hats ---" to which I was cut off completely and a switch flipped. She continued to say that "they told me in the interview I would be working in many different areas" and "my daughter has her MBA and only makes $20 an hour" "I wasn't even gonna bring up the times you came in a few minutes late" "I thought you would be thrilled with a $1.. our accountant said we should only give you 50 cents. Are you gonna stop showing up now?" + +Am I in the wrong for thinking my raise would be more significant based on my performance? I feel like I've been gaslighted into thinking that $400 a week is great pay for the job I'm doing + +Edit: removed retaliation question, and want to point out that I've been getting paid in personal checks with no pay stubs, told I would be getting a 1099 from Aug-November and a W4 going forward (did not agree to this) + +Edit 2: please stop asking why I would leave my management job for this one. I was naive and desperate. Lesson learned +I know it would all depend on if he could get anything through congress, but if he did, would the net effect be positive or negative for the economy? + +For example: + +Are his socialist policies regarding education reform what we need help get people out of debt and spending more? + +Or would the increased corporate taxes kill investment? + +I’ve been paying close attention to people’s post and accounts. There are a lot of new accounts created to posting certain tickers, to get you to think many people are all on board on a particular stock. Beware of fake accounts, it looks like certain companies are hyping their stocks in forums like these. + +Do as you wish, but tread carefully. +Back in 2021 when Bitcoin was on its bullrun, I thought those who bought at 3-10k were so lucky. Now that I’m experiencing my first true bear market, I can see that they deserved what they got in the bullrun. The fud, the overwhelming bearish sentiment, and people calling you stupid for buying bitcoin cus it’s a scam and going to zero. When Bitcoin sees it’s next bullrun, please don’t call those who bought/accumulated at these prices lucky. +Hello, I'm a 30 year old male and I feel like I'm JUST starting life. I have some intangibles going for me (decently intelligent, parents still alive, went to college, decent work ethic) but I still find myself at a point where I should have been 8 years ago when I finished college in 2013. Unfortunately during that time, I took a massive financial hit - I didn't find an internship until 2014 where I was paid $10/hr, then I made a leap to a job that paid 40k/year in 2015. Then I was laid off from that job in 2017 and tried to start a business, which failed. After that, I found a job in 2019 making 55k/year, then I was laid off from that in 2020 in the middle of COVID. Now, I found a job making 70k/year. I'm not ungrateful for it but I sort of feel like I should have been near or at this point several years ago. + +Now, I'm at the point where I'm trying to move out of my mom's house. My social lifestyle has been subpar due to living at home and I just haven't had a lot of those milestones that many other people my age have had (traveling, dating, etc.). I see all my friends doing all this stuff and I feel behind, like I missed the memo. + +Anyway, I'm looking to move to somewhere in the South (currently live on the East Coast) in May/June 2022, but I'm sort of sweating if I'll have enough to financially cover it. I can't delay moving out any longer, I'm already 30 years old and it's something that should have happened quite a while ago. + +On top of that move, I'm trying to pay off debt as well, using the snowball method. Here are my current debts/payments: + +* Student Loans - **$50,800.26** \- currently in forbearance due to pandemic situation +* Discover Credit Card - **$369.03** +* Capital One Credit Card - **$980.50** +* Car - **$9,314.23** with 312.73/mo payment +* Loan - **$18,657.24** with 588.22/mo payment - majority of it taken out to help my mom in a jam (14k), rest of it residual expenses from startup business expenses (4.6k) +* AT&T - **$40/mo** +* Lodging - **$260/mo** \- gratuity "rent payment" to my mom + +Edit: Since some of you asked about assets: + +* Company 401(k) Plan w/ Guideline - **$1,630.95** +* Roth IRA w/ Vanguard - **$11,254** (most of this came from when I was working at a place w/ no retirement plan, so I opened my own and when I was self-employed) +* Emergency Fund - **2,085** + +I really feel as if I shouldn't be in this situation at my age, but it is what it is. + +Does anyone have any tips? I know being debt free is my number one priority. If I was 25 and in this stage, I wouldn't mind staying another year or so, but I've been here for so long I REALLY need to get out and I know that's going to affect things. +It is actually crazy that AMD and NVIDIA both go up yet Intel going sideways/down, Intel imo got massive growth potential and is paying a sweet dividend. +News just came out " + +# Intel Wins US Government Project to Develop Leading-Edge Foundry Ecosystem" + +[https://finance.yahoo.com/news/intel-wins-us-government-project-100000395.html](https://finance.yahoo.com/news/intel-wins-us-government-project-100000395.html) +[https://www.businesswire.com/news/home/20210823005117/en/](https://www.businesswire.com/news/home/20210823005117/en/) +Hi, + +Most of the dividend people either are young (and have decades ahead of them) or are at retirement (looking at just wanting income). However, I don't see much on what to do if you are in between. If you were starting at 50 and just had 10 to 15 years left what would you pick and why? Figure you are trying to just augment your retirement rather than you have nothing saved and are desperate. +I'm wondering what is a decent % increase for your dividends each year. This includes reinvesting dividens and adding new capital. Right now I just buy when I can, I haven't put too much in. As of today I've increased 325% from last year. It was about $18 in 2021 and I'm at $76. I should be able to break $77 before the end of the year. I highly doubt I can sustain a 325% increase. So I am wondering where stand and is there an average range? +Just turned 19, wanting to build a Roth that I can use to help with retirement. Tell me what is inside yours and why? + +🌹(Very long term. 30-40 years) 🌹 +I’ve owned AQN for a little over 15 months. It’s trading right now at $15.11 and has a dividend of 4.56%. + +It’s 52 week high was $17.86 back in January of 2021 when it fell all the way down to where it is now. + +I haven’t seen any news that came out that made its price start to fall. A price drop that far doesn’t sound like profit taking to me either. + + Does anyone have any insight on this company? Should I stick with it for the rebound or is it time to move out of it. It’s one of my worst performing stocks currently, I’ve only gained 1.7%. I am dripping. At the $17.86 it was a good performer, will we see it go back up to that range? +I’m switching to dividend investing soon, but I was curious as to if I should wait until the market falls further. With the 1% increase on the horizon, I assume the market will react negatively and be able to purchase my plan cheaper than if I was to do it today. + +Pros and cons? +What do Redditvestors think of the ETF $MJ? For both dividends and growth. The stock yields at 8.71 and a change in the White House could mean a loosening of regulations for the medical and recreational use of marijuana for future expansion. Also states are starting to warm up to the notion of the tax revenue implications. +Get more and more excited with ethereum and the possibilities that come with it every day. The hard work of some of the most brilliant minds is exactly what's going to keep this price rising. +Ups, and downs, highs, and lows. +Been riding with ETH since 200k sat, flipping back/forth between BTC/ETH/LTC. +Getting into ETH when BTC was $650'ish, $700'ish. + +It was hard staying in ETH last summer as it crashed during DAO, and BTC was rising, but I rode that storm... + +Even though, we are now at 48'ish, and i have 50x more USD value in crypto then I did during those 200k sat days, I've decided to go all in to ETH again, against what some people would do, and to hold USD instead. + + +Something "in my internal" gut says, Ethereum has a bright future. +Has anyone else managed to come out better than you expected over the last year, by staying in ETH, even through the turbulent last year? Also, has anyone managed to extract some profit out of the recent LTC rise? + +With the ecosystem developing the way that it is, and billions of dollars flowing into the support of Ethereum, I say this not from the "control" of Survivorship Bias, but I honestly see ETH hitting $300-$600 by the end of this year, and a lot of people are going to be surprised that it will come very quick. + +Awareness of Bitcoin was low before the spike November/December 2013, but it sort of took off after that. +The rise we have in ETH is not like that Bubble that brings the same level of awareness. +Where we are at now is what BTC had in the spring/summer of 2013, the first mini bubble. + +Delusional post for today. + + + +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! + +Let me begin first; 100k USD would be life changing money in my country and the first thing I do would be buying my parents a house (around 40k USD) and I would stake rest of them in Ethereum. +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! + +We all know GameStop is undervalued, we all know that hedgefucks are making fuckery and spending millions doing so, even if you go into ape hibernation for some reason you'll still wake up at a price that's wayyyy more than it is now after the squeeze. + + Fuck it, best decision of my life. + +Love everyone here, and would really love to meet up with any of you beauties after MOASS. + +Obligatory 🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Edit: 8 figures!!!!! 💯💯💯 + +Edit 2: thanks for the all seeing eye award kind ape! Never been in such a win win situation in all my life +Had a lot of fun with with one, and I'm happy to share the code with you guys. + +So the algorithm is essentially listening to price changes in the last 5 minutes for all the coins on Binance. Once it detects that some coins have moved by more than 3% in the last 5 minutes, it takes this as a strong bullish signal and places a trade. + +The algo is also able to store each bought coin in a local file and to track the performance of each trade placed so that it can perform stop loss and take profit actions and sell the coins that reach those thresholds. + +Here's a more in-depth look at the bot parameters: + +* By default we’re only picking USDT pairs +* We’re excluding Margin (like BTCDOWNUSDT) and Fiat pairs +* The bot checks if the any coin has gone up by more than 3% in the last 5 minutes +* The bot will buy 100 USDT of the most volatile coins on Binance +* The bot will sell at 6% profit or 3% stop loss + +&#x200B; + +Anyway, here's the source code if you're comfortable with Python: + +[https://github.com/CyberPunkMetalHead/Binance-volatility-trading-bot](https://github.com/CyberPunkMetalHead/Binance-volatility-trading-bot) + +In case you need more guidance but would like to try the bot out, I wrote step-by-step guide as well + +[https://www.cryptomaton.org/2021/05/08/how-to-code-a-binance-trading-bot-that-detects-the-most-volatile-coins-on-binance/](https://www.cryptomaton.org/2021/05/08/how-to-code-a-binance-trading-bot-that-detects-the-most-volatile-coins-on-binance/) + +&#x200B; + +Any feedback or ideas how to improve it are welcome! :) +Hi All, + +I am currently working on a school project analysing a few industries including Real Estate. I was hoping to hear any problems you have encountered during the buying/selling process of a residential property? + +P.s all responses will be anonymous on my project + +Thanks +**\*Obligatory:** I am not a financial advisor and nothing within this post should be construed as financial advice. All investors should do their own research to come to their own conclusions. I am DUM DUM. + +**TL;DR** As we all know, short interest in GME plummeted during **Q1 2021** but the illegal naked short positions were never closed, in fact, they were increased. The short interest for GME has been hidden through various means (ETF shorting & derivatives primarily) since the sneeze. + +On that note, the NSCC has had a liquidity crisis on its hands since **Q1 2021**. Through 3 quarters of 2021, the **NSCC has reported that it has not had enough liquid capital on hand to cover the potential default of the credit exposures (bets) of its largest member or member family,** **5 TIMES**. As far back as I can see (**Q3 2015**), this has never happened before. The bets are so large, the NSCC simply does not have enough cash on hand to cover the potential default of this member in a worst-case but plausible scenario. The NSCC must meet this capital requirement “with a high degree of confidence” per Clearing Agency rules. “*Russell indices reconstitution activities”* and “*option expiration dates”* are listed as the reasons for the shortfalls in **Q2 of 2021**. GME was upgraded from the Russell 2000 to the Russell 1000 during **Q2**. **Q3** lists similar reasons for the deficiency. + +A certain “*idiosyncratic*” or “*concentrated*” security has been responsible for the clearing funds largest backtesting deficiencies each of these quarters as well. No previous disclosures mention any issues with *idiosyncratic* securities. + +Some market rules may not have been the darlings we thought they were. NSCC-2021-005 was widely hailed as a rule “they needed to implement” before MOASS would occur. I disagree and here’s why, this rule raised Required Fund Deposits of members from a minimum of $10,000 to a minimum of $250,000. I believe the NSCC implemented this rule so they had additional liquidity to keep up with their largest member’s INSANELY LOFTY BETS and it STILL WASN’T ENOUGH. We’ve had other posts discussing the yuckiness within NSCC-2021-010. Read the [comments](https://www.sec.gov/comments/sr-nscc-2021-010/srnscc2021010.htm). Now the NSCC is trying to require more member funding through outrageous capital requirement increases through proposed NSCC-2021-016. I believe this additional funding will be used so that the NSCC has the liquid capital needed to cover the potential default of even loftier bets by its largest member. + +I need to give this risk.net article credit for giving me the information needed to start pulling this string: [NSCC's Year of Living Dangerously](https://www.risk.net/our-take/7917246/nsccs-year-of-living-dangerously) + +# The NSCC Liquidity Crisis & An 'Idiosyncratic' Security + +A lot of DD has been done to show that when GME’s short interest disappeared like a fart in the wind during, and after the Great Achoo of **Jan 27th 2021**, that the short exposure was hidden away through various means (ETF shorting and derivatives (Options, Swaps, Futures, etc.) primarily). The SEC even acknowledged in their [Gamestop Report](https://www.sec.gov/page/sec-staff-release-gamestop-report) that “a short squeeze did not appear to be the main driver of events”. Shorts never closed. + +Well, it just so happens that from **Q1 2021 – Q3 2021** the National Securities Clearing Corporation **(NSCC)** who “*provides clearing, settlement, risk management, central counterparty services and a guarantee of completion for certain transactions for virtually all broker-to-broker trades involving equities, corporate and municipal debt, American depositary receipts, exchange-traded funds, and unit investment trusts*” **has failed to have enough cash on hand to cover its largest member’s potential default “in extreme but plausible market conditions”, 5 times.** This is commonly known as its “*Cover 1*” obligation as a Clearing Agency which is a requirement per [17 CFR § 240.17Ad-22(e)(4)(iii)](https://www.law.cornell.edu/cfr/text/17/240.17Ad-22). + +Here’s a snippet of the referenced rule, see (iii): + +[ 17 CFR § 240.17Ad-22\(e\)\(4\)\(i, ii, iii\) ](https://preview.redd.it/gicg4vakhtl81.png?width=1155&format=png&auto=webp&s=a275b0b8581e5efdd49b8483ae27baecb7325f83) + +I need to say, and I’m curious if anyone knows the answer to this, but I am honestly surprised they aren’t required to cover their top two members’ default as is shown in (ii) of the referenced rule but their filings do not make it seem so. The NSCC is a [Designated Financial Market Utility (DFMU)](https://www.federalreserve.gov/paymentsystems/designated_fmu_about.htm) of the Federal Reserve and is designated as ["Systematically Important"](https://home.treasury.gov/policy-issues/financial-markets-financial-institutions-and-fiscal-service/fsoc/designations) by the FSOC so that’s a little confusing, but that’s not the point of this post so I’m going to move on. + +Here’s a snippet from NSCC’s own [Disclosure Framework](https://www.dtcc.com/-/media/Files/Downloads/legal/policy-and-compliance/NSCC_Disclosure_Framework.pdf) released 12/2021 showing the “Cover 1” obligation requirement: + +![img](3wkkj8g0itl81 "NATIONAL SECURITIES CLEARING CORPORATION +Disclosure Framework for Covered Clearing Agencies and +Financial Market Infrastructures (12/2021)") + +Link for Policy & Compliance Disclosures which contains most of the information referenced within the rest of the post: [https://www.dtcc.com/legal/policy-and-compliance](https://www.dtcc.com/legal/policy-and-compliance) + +Here’s a visual aid on how many times they’ve sucked at following this standard: + +[5 times... So far.](https://preview.redd.it/f6z83zn8itl81.png?width=565&format=png&auto=webp&s=48400bc27312d67605a526015d48d13a6b38063c) + +# Q1 2021 + +In **Q1 2021**, had the worst-case hypothetical loss occurred, the **NSCC would have been on the hook for roughly** **$40.7B** which is $591 million more than they had set aside to cover these oversized bets. Uh-oh. Prior to 2021, this had never happened. Had that member defaulted, other members would have to cover that additional $591M. If the largest member defaulted, I think a few others may as well. From the Q1 2021 Quantitative Disclosure: + +https://preview.redd.it/96l7ollhitl81.png?width=1585&format=png&auto=webp&s=7f197af1ddd5c781a57c67137ee82e2ca1f2d811 + +The furthest right-hand column shows us the largest single participant exposure for the NSCC at $40.68B, the number of days that exceeded the NSCC’s ability to cover that exposure (1), and how much the largest member’s exposure exceeded the NSCC’s liquid capital by ($591M). Remember, this is just the NCSS’s exposure and is only a test, not real-life conditions. It is also not the member’s exposure or anybody else who may be placing like-minded bets... I don’t know how you quantify an infinite loss but the NCSS is trying. + +Another interesting piece, While the NSCC was exposed to all of those risky (insert synonym for fucking grossly oversized) bets by its largest member or member family, a certain idiosyncratic stock emerged as a thorn in the side of its Clearing Fund sufficiency backtesting. This is a calculation of the NSCC’s ability to liquidate a member’s defaulted portfolio in 3 days’ time. + +https://preview.redd.it/2shega9litl81.png?width=1314&format=png&auto=webp&s=7e506c94b9281e68e20cccd990efce5d7a05faa2 + +PDF Source: [FICC & NSCC PUBLIC QUANTITATIVE DISCLOSURES FOR CENTRAL COUNTERPARTIES Q1 2021](https://www.dtcc.com/-/media/Files/Downloads/legal/policy-and-compliance/CPMI_IOSCO_Quantitative_Disclosure_Results_2021_Q1_1.pdf) + +$1.06B on **January 22nd**?!? A single security displaying idiosyncratic risk?!? Whatever could it be? Could it have been the most heavily shorted security on the market? The one with a reported short interest greater than its shares outstanding? Which was being bought up by retail in droves? That’s price rapidly spiked roughly 2800% during the month? Weird, none of the other previous disclosures mention anything about an *idiosyncratic security*… Probably nothing. + +# Q2 2021 + +In **June of 2021** the NSCC was short of the Cover 1 obligation two more times. This time by a measly $1.02B and $5.1B on each respective occurrence. That’s BILLIONS. *“The settlement obligations were driven by June option expiration and* ***Russell Indices Reconstitution activities*** *respectively which represent days that NSCC experienced material increases in clearing activity.”* **What another weird coincidence, GME was moved up from the Russell 2000 to Russell 1000 Index on** [**June 25th, 2021**](https://www.shacknews.com/article/125334/gamestop-gme-joining-the-russell-1000-index-rebalancing-set-for-after-the-market-close)**.** + +The [Q2 Quantitative Disclosure](https://www.dtcc.com/-/media/Files/Downloads/legal/policy-and-compliance/CPMI-IOSCO-Quantitative-Disclosure-Results-2021-Q2-1.pdf) for the Clearing Fund backtesting again mentions, *“The largest deficiency incurred during the quarter was mainly driven by a single security exhibiting idiosyncratic risk”* but they no longer include what the maximum deficiency was... Things that make you go hmm. + +\*Note: The Quantitative Disclosures contain both the Cover 1 information and the backtesting information. + +# Q3 2021 + +In July, The NSCC found themselves short of the obligation by $594M. + +[NSCC-2021-005](https://www.sec.gov/rules/sro/nscc/nsccarchive/nsccarchive2021.htm#SR-NSCC-2021-005) comes into play as it was approved by the SEC on **August 11th** with implementation within 20 days, where all members had their Required Fund Deposit increased from $10,000 to $250,000. Nice liquidity injection for the NSCC. It is my belief that this rule came about to buy the NSCC time to get additional capital lined up to cover the wagers being placed by their largest member. In the rule filing, the NSCC discusses how its smallest members are more proportionally responsible for backtesting deficiencies, BUT makes no mention of how their largest member had exceeded the NSCC’s available liquid resources in the event of potential default during the previous quarter. Which was the first time this scenario has occurred, according to public records. The proposed rule was submitted on **4/26/21**... Alrighty-then, they should be safe to their largest member's potential default now, right? + +Wrong, even padded with the extra dough, the NSCC failed once more. The NSCC did not have enough liquid capital in September ($32.7M). *“In both instances (July and Sept) settlement obligations were driven by option expiration, which represent days that NSCC experienced material increases in clearing activity. In September, the liquidity need was also driven by elevated closing volume that included index rebalancing activity.”* + +In regards to its Clearing Fund backtesting, the [Q3 Quantitative Disclosure](https://www.dtcc.com/-/media/Files/Downloads/legal/policy-and-compliance/CPMI-IOSCO-Quantitative-Disclosure-Results-2021-Q3.pdf) states, *“The largest deficiency incurred during the quarter was mainly driven by a concentrated security amid a broader market sell-off.”* Again, no information provided on the maximum deficiency. + +# Re-summarize + +Wrapping this portion of the post up. GME’s massive short interest disappeared in **Q1 2021** and we know it has been hidden through derivatives and ETF shorting, among other tactics. From that point on, the NSCC hasn’t had the required liquid capital on-hand to cover its largest member’s risky and lofty bets, 5 times, and this has never happened before. The NSCC was exposed to a $40.7B hypothetical loss had the “worst-case” scenario came to be in **Q1 2021**. + +In **Q2 2021**, we find that June shortfalls were caused by *Russell Indices Reconstitution activities* and *June option expiration* during the same time GME moves from the Russell 2000 to the Russell 1000. + +All the while, an *idiosyncratic or concentrated* *security* has been wreaking havoc on the Clearing Fund backtesting each quarter, and an *idiosyncratic* or *concentrated security* has never been mentioned before in any of the previous Quantitative Disclosures. + +https://preview.redd.it/89sv1t52jtl81.jpg?width=309&format=pjpg&auto=webp&s=191bd8085c0dab05168c885a16fe09be810ae94c + +# NCSS-2021-016 + +If the DTCC [Board of Directors](https://www.dtcc.com/about/leadership/board) is primarily comprised of representatives from the firms who are (allegedly) involved in illegal naked short selling, why do we think that all of the new proposed rules they are creating are for the benefit of the overall market? + +I’m going to be brief and tell you that I believe NCSS-2021-016 is attempting to increase capital requirements by insane amounts so the NCSS has enough liquid capital to cover EVEN HIGHER bets by its largest member, and they’re making smaller broker/dealers foot the bill, or be driven out of the market by not being able to afford the requirements within the proposed rule. I highly encourage you to read the rule and the comments regarding the rule, especially those by STANY as that was a good string pull for me. Here’s an excerpt from STANY’s comment on proposed rule SR-NSCC-2021-016: + +*“The Proposal seeks to impose an increase on broker-dealer applicant’s or member’s capital requirements of between 200 and 1000 percent. The excess net capital requirements (i.e., capital in excess of the minimum net capital required by the Commission or such higher minimum capital required by its designated examining authority) for self-clearing broker-dealers would increase from $500,000 to as much as $5,000,000 and for broker-dealers who clear for others, excess net capital requirements would increase from $1,000,000 to as much as $10,000,000, if their “value-at-risk tier” exceeds $500,000. NSCC also proposes that a member that is a national securities exchange registered under the Exchange Act and/or a non-U.S. securities exchange or multilateral trading facility, must have and maintain at all times at least $100 million in equity capital.”* + +*“We agree with those who submitted comment letters to NSCC concerning this proposal, that the Proposed Changes are anti-competitive and discriminatory against smaller broker-dealers.* *The dramatically increased capital requirements will discourage new broker-dealer entrants into the market and cause others to close. Moreover, the Proposed Changes will have an outsized effect on small company issuers who are principally serviced by smaller broker-dealers. Significantly, the increased capital requirements will ultimately disadvantage investors who trade in microcap and OTC market securities.”* + +***"Our concerns about the proposal are exacerbated by the NSCC’s failure to demonstrate that current margin requirements are insufficient to cover credit risks. On the contrary, we question NSCC’s rationale that the Proposed Changes are needed to mitigate its “risk” as a central counterparty since the NSCC has claimed within the past year that increases in the Required Fund Deposit gave it a “confidence” level well in excess of 99%. A year ago, NSCC increased elements of its Require Fund Deposit significantly increasing margin charges for microcap and OTC securities, including the volatility charge, the margin differential charge, the coverage component and backtesting charge. NSCC is already protected against credit risk from member trading and market volatility, many times over via transactional margin charges and offers no explanation for why the margin charges, already imposed on trading are not more than sufficient to cover its central counterparty risk. Additionally, the NSCC has failed to explain why it would be appropriate to use the value-at-risk (“VaR”) model to determine the minimum excess net capital requirements for membership. The VaR model is already used to calculate and impose margin on trading activity. Using this model would double count this alleged risk: at the transactional level where NSCC already collects margin that commonly exceeds the value of the position to be cleared, and in the proposed increases in broker-dealer excess net capital.”*** + +[Link](https://www.sec.gov/rules/sro/nscc/nsccarchive/nsccarchive2021.htm#SR-NSCC-2021-016) to Proposed Rule SR-NSCC-2021-016 + +[Link](https://www.sec.gov/comments/sr-nscc-2021-016/srnscc2021016.htm) to Comments Page for SR-NSCC-2021-016 + +If you believe this proposed rule is not beneficial to the market’s structure, I encourage you to leave a comment on the rule. Do not dox yourself. If coming up with your own comment makes your brain hurt too much, you can simply copy and paste someone else’s comment, or portions of their comment that you agree with. The SEC keeps a running tally. + +That’s all folks! + +DRS is the way. + +Tanks fo reedin + +Special thanks to u/Blanderson_Snooper , u/goldielips , and others for giving this a read ahead of time. I really appreciated you taking the time to give me your constructive thoughts! + +Apes strong together + +A little adder with the recent Ryan Cohen BBBY news. I also made a post on the [75 most heavily shorted stocks from 2020/21](https://www.reddit.com/r/Superstonk/comments/q1w5z8/the_short_game_exposed_exploring_leverage_in_75/?utm_source=share&utm_medium=web2x&context=3) and guess who was in the top 5 of that list before everyone's short interest disappeared in Q1 2021... BBBY. Hedgies r fuk +https://s1.q4cdn.com/959385532/files/doc_downloads/research/2018/FIRE-Survey-full-research.pdf + +This survey was underwritten by TD Ameritrade and conducted by the Harris Poll. Those surveyed consisted of 1,503 US adults aged 45 or older with $250k or more in investable assets. The survey was conducted between September 28 - October 6, 2018. + +I find it very interesting that a major broker-dealer like TD Ameritrade would deem it worthwhile to expend the money required for a formal survey of this magnitude. Your thoughts?? + +A few highlights: + +1. The survey defines FIRE as "a social lifestyle movement characterized by working to obtain financial independence and retire earlier." + +2. Despite recent news coverage, 63% of those surveyed had not yet heard about the term "FIRE" or the underlying concept of financial independence and early retirement. + +3. Only 11% of those surveyed were aware of the FIRE movement by name. + +4. The survey defines "'Financial Independence' . . . as a state in which an individual or household has sufficient wealth to live on without having to depend on income from some form of employment." + +5. 50% of those surveyed were categorized as FI according to the above definition. + +6. On average, the FI respondents in the survey spend 7% less on housing and 7% more on investments than the non-FI respondents. + +7. Of the FI respondents, 49% reported that they had begun investing in financial markets before age 30. In contrast, only 34% of the non-FI respondents reported doing so before age 30. + +8. FI respondents were much more likely to hold retirement accounts than non-FI respondents: 84% vs. 59%. + +9. When asked whether time or money was more valuable to them, 84% of FI respondents chose time vs. 78% of non-FI respondents. + +10. 95% of FI respondents agreed that happiness was more important than money (a slightly smaller percentage—92%—of non-FI respondents agreed with this statement). + + +I was born and raised in a poor family in Africa, my country is poor and the level of life is so low but my family was poor even by those standards, I did good in school and graduated college by working all sorts of jobs that don't pay all that much anyway but I could barely get by, I moved to a country far from mine to get a decent job with my qualifications and I finished my second year 6 months ago in here, 10,000 dollars is what I could put together throughout this period which was anything but easy, I want to seek advice on what is the best way for me to invest this amount to be able to get back to my country and help my family which is still struggling with poverty, I cannot afford to lose money and I'm just tired of being away from my people and I need to find a way to grow the amount that I put my sweat blood and tears to make, your help is much appreciated + +Edit: THANK YOU SO MUCH for the replies I'm out of words really it means a lot, for the people who asked my home country is Algeria in north Africa and I am currently in the UAE, thankfully; the kind of poverty I'm talking about is not that extreme as some may imagine we never struggeled with food or shelter, we do however live in a bad city and in a very modest house (for a family of 7) and we never had a car +My sincerest graditude again for everyone who took the time to answer and suggest something <3 + 💚 What we just said yesterday on a huge AMA: 💚 + + Biggest milestone till now for us is the trust of 16,000 PDAO holders\*.\* + + The plans for future is to work hard on expanding and developing Panda Dao + +💥 Today we are even more motivated, almost 2000 people give us their trust yesterday, we are working very hard to not disappoint all of you.💥 + +Our next goal is to reach 20k holders, then we'll climb to 30k!! + +Our current mcap is only 10m, we did a x2 in a few days, it's time to double our ath (16mx2=32m) + + \----------------------------------------------- + +🌚 🌕 Have you ever seen a Panda going to space? 🌕 🌚 🚀Our time to rocket has come! 🚀 + + \------------------------------------------------- + +🚀 While i am here Fomoing our devs are working very hard, they don't even sleep, what is coming? 🚀 + + \- Just listed on BitMart + + \- More listing!!!! 🔥 (Tier 1 listing as soon as possible!) 🔥 + + \- Farms/Staking (already out, up to 800% apy ‼️ ) + + \- A new dedicated website for Dimsum + + \- New Dapp, old ones are amazing but we always achieve to improve here is a preview: [https://twitter.com/PandaDao3/status/1382372927413243909](https://twitter.com/PandaDao3/status/1382372927413243909) + + \- PandaStarter, a launchpad where only the best and safest projects will launch, coming out the first week of May after being audited. + + \- NFT collectible games + + \- Launch PandaCares, a secure, fund raising platform for donations to various causes - Launch Panda Pay and integrate PDAO into the payment system by Q4 + + \- DimSum synthetic dex, you’ll be able to trade stock market assets! + + \- DimSum synthetic mobile app + + \- Space is waiting for us + + Here is our roadmap: [https://www.pandadao.network/road-map](https://www.pandadao.network/road-map) + +\----------------------------------------------- + + Aren’t you tired to enter in early projects and get rugpulled? Aren’t you tired of risking? + + We are your risk-free solution, $PDAO! 🐼 🐼 🐼 + + \------------------------------------------------- + + 📊 📈 Useful links: 📊 📈 + +&#x200B; + +Website: [https://www.pandadao.network/](https://www.pandadao.network/) + +Telegram: [https://t.me/mypandadao](https://t.me/mypandadao) + +Twitter: [https://twitter.com/PandaDao3](https://twitter.com/PandaDao3) + +Medium: [https://daopanda.medium.com/](https://daopanda.medium.com/) + +Contract: 0x1af3b59a839e97e944c65177ab3a024b499133f8 + +Chart: [https://www.pandadao.org/dapp/2](https://www.pandadao.org/dapp/2) + +BscScan: [https://bscscan.com/token/0x1af3b59a839e97e944c65177ab3a024b499133f8#balances](https://bscscan.com/token/0x1af3b59a839e97e944c65177ab3a024b499133f8#balances) + + +*I apologize for adding another "Ghash, nooooooo!" post, yet network centralization demands priority attention to prevent it from affecting the positive contributions of others.* + +**Summary** + +As a community, let's make this the last time we all hear about the 51% attack. + +**How?** + +The community can encourage the use of P2Pools *(pools of bitcoin miners that cannot be controlled by the pool operator).* + + +**Attention all Miners** + +You guys are literally the backbone of our system. Without your hashing power the community couldn't send transactions! + +Nonetheless, we need your help once again, yet this requires effort on your part unfortunately. *(The community can still do it's part to help!)* + +***Miners! Become a fighting soldier in the war against centralization by joining P2Pools and leaving GHash*** + +[Here is a list of P2Pools](http://p2pool.hostv.pl/), yet below are the pools most often recommended by the community. + +* [P2Pool.in](http://p2pool.in/) +* [BlisterPool](http://blisterpool.com/) *(this pool even has a [neat donate button](http://blisterpool.com/p2pdonate), allowing the community to tip the pool based on hashing power contributed!)* + +**Attention all Developers & everyday Bitcoiners** + +Currently tools are being developed to allow bitcoiners to contribute to the P2Pool cause without buying machines. By using tools like BlisterPool's [donate button](http://blisterpool.com/p2pdonate) it makes it easy for bitcoiners to tip miners actively contributing towards securing the network in a decentralized way. + +***Let's build and use more tools to tip P2Pools, and give these pools a little financial push to get the ball rolling*** + +*Here are some resources to help understand the situation a bit better, please still look around ask ask questions* + +* [Bitcoin Wiki](https://en.bitcoin.it/wiki/P2Pool) +* [FAQ](http://p2pool.in/#faq) +* [BitcoinTalk page](https://bitcointalk.org/index.php?topic=18313) +* [Download & Get Started](http://p2pool.in/#download) + +**tl;dr?** + +* Are you a miner? Mine [here](http://blisterpool.com/) +* Are you a bitcoiner? Donate [here](http://blisterpool.com/p2pdonate) *(your funds will be sent towards miners actively contributing to p2pools!)* + +> ***Update:*** *I've just learned that regular people can help ensure the security of the network by running nodes. I don't want to lead the discussion on this though as I'm not well informed enough to lead that, yet please look around and ask questions.* + +> *Lesser Update: whoah, cool to be mentioned on [coindesk](http://www.coindesk.com/bitfury-pulls-power-ghash-community-uproar/)* +http://www.marketwatch.com/story/your-retirement-plan-may-be-overhauled-to-finance-tax-cuts-2017-04-04 + +Key Pieces: + +>Word has it that the Congress will be looking for revenues to finance tax cuts and that one possibility would be to shift IRAs and 401(k) plans from the traditional form to a Roth. + +>At first, I thought such a proposal was fanciful, but the House Ways and Means Committee draft Tax Reform Act of 2014 contains just such provisions. In the case of IRAs, the proposed legislation would prohibit any new contributions to traditional IRAs; all new contributions would have to be made to a Roth. + +> The proposal for 401(k) plans is somewhat more complicated. Plans would be required to offer Roth accounts. Employees could contribute up to half the maximum annual elective deferral amount (in 2017, the standard limit is $18,000; with catch-up contributions for those 50 and older, it is $24,000) into a traditional account, but any contributions in excess of half of these limits ($9,000 and $12,000, respectively) would be required to go to a Roth account. Employees could choose to contribute up to the entire annual limit to a Roth account. Employer contributions would continue to go to traditional accounts. + +This is not just some random Op-Ed, she has been active in policy and currently runs the Center for Retirement Research. (https://en.wikipedia.org/wiki/Alicia_Munnell) + +This obviously makes tax changes much easier from a budget perspective, but would obviously hurt most of us here. +I don’t know if this is the right sub, but if it isnt, please help direct me there. + +Okay, so heres the run down; This is my first hosting job, and first job in the restaurant business. I wasn’t trained at all and was thrown into it. I was let go because where i live is a tourist town and since its winter time, i wasnt needed anymore. I was hired around October 10th. + +I was told the position paid “$15 an hr + tips”. Looking at the paper application, it says i’ll make $3.63 an hr plus tips. That makes sense for restaurants, from what i’ve heard from friends. + +Every night i would clock out, it said the house owed me $0 in tips. I assumed it would go on my paycheck, but tried asking a manager how the tips worked. My manager blew me off and said he was busy, he’d go over it another time. This happened almost every time i asked. I still don’t understand how tipping out works. + +I got my first paycheck today. It was $32.55 for 10.87 hours. What do i do at this point? Do i try and talk to my “always busy” manager? What do i even say? Or is this technically a correct paycheck? +I'm been investing slowly in Ethereum for a few months now and planned to make a big purchase when I got my paycheck a few days ago. Since prices have been up I've held out hoping they would stabilize a bit. But now I'm not sure if we'll drop under $15 anytime soon. Should I bite the bullet and buy now or hold out another couple days? I know nobody can predict the market and I plan on holding for a number of years so in the grand scheme of things buying at $15 vs $20 may not be that big a deal but I'm a college student so every dollar counts. Just want to get an idea of what this sub thinks. + The last time BTC made such dramatic gains it drew ETH along with it as they both reached new highs. The recent slump and recovery in crypto overall seems to have now been left behind by BTC completely. I understand that there's been a big boost in confidence on the part of BTC lately but I guess I'm a little surprised at the drastic break in sympathy play between BTC and ETH + +I've only been in ETH since the end of April so as always, I'd be interested to hear your opinions on this! +I understand the irony with this post. But it's getting annoying seeing a bunch of posts about a $5 drop. + +This happened in r/bitcoin and r/btc and it was the worst. Lets please not do that here. +I once had a bunch of bitcoin when they were worth nothing and sold traded them off for... minecraft accounts... I've been following eth for a few months, I only bought a few eth at when it dropped super low recently to around £100 and I already feel like I've missed out too much to make a bigger investment now that I have more capital. + +But I'm also stuck with the thought that people thought the same with BTC, £10 is the highest it will be... oh it's at £100 now but that will be it's peak, now's to late to go, oh crap it's at £500, well this was the real bubble now there's no point... and so on. + +Any thoughts guys? +https://www.zillow.com/homedetails/0-Wohoa-Bay-Island-Addison-ME-04606/2069912627_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare +We have a very nice two family building, 3 bedrooms/ 2 full baths, in unit laundry and so on. Down the line, we're wondering if it would make sense to convert the building into two condos, splitting the property into two PINs. + +Has anyone here done that before? + +We're located in Chicago. +I hired a general contractor from Facebook and he rented an equipment to regrade the backyard. I’m not sure what he did but the rental company called my realtor from the sign up front to let her know that they will be putting a mechanical lien on the property since the contractor returned it damaged and now isn’t responding to them or me. He has completely disappeared. Am I really on the hook for damages if I have no official contract with them directly? +Just curious does anyone give there tenants gifts for the holidays? I typically give a $25 gift card to Amazon or Dunkin’ to my tenants that pay on time and never give me any problems. +Are you trying to figure where to start investing in real estate? Scared of making mistakes that will cost you money? + +Listen I get where you are coming from because I was in the exact same place. + +In 2000, I bought property but had no idea what I was doing so I lost money, had to give back the properties and was forced to move in with my parents. I felt like a failure. Looking back, I’m frustrated that I didn’t have a mentor. + +Thankfully I didn’t give up. + +I now own a $5M hotel. + +I want to help others get there because if someone had helped me back then I could have made better choices. + +Ask me anything. I will be answering questions as they come in from 9:30 PDT to 2:00 PDT. +I know this generally sounds like a horrible idea. But the town I am looking at (3 hr drive from me) has 3-fanily houses for $60-100k and even a few larger properties for only $15-25k per unit. + +The largest employer in the area closed down around 10 years ago and population has declined from 36,000 to around 10,000. They are working on revitalizing the downtown area and brining life back to the town. It is also very close to great hiking, skiing, snowmobiling, ATVing, etc. + +I have been running the numbers on many of the properties for sale, and even with SUPER conservative numbers the properties still turn a great cash flow. Even putting a chunk of change into renovating the apartments, they would still cashflow from day 1. And due to it being adjacent to all these outdoor activities I think it would also do well having a unit as an AIRBNB. + +I posted a feeler ad on Craigslist to see if apartments were in demand and got 10+ responses in less than a day. + +I am new to this and it would be a great way to get started for a lower cost, but wondering if I am missing something here or maybe found a hidden opportunity? +I’ve been looking for single family homes to rent for long term rentals, but the numbers just don’t add up. Im using Zillow as my initial search engine which lists a monthly payment (often times low) with a rent estimate (often times high). Even when I use comps, the numbers just aren’t there. The monthly mortgage payment is the same or above the monthly rental price. I understand monthly cash flow and equity are the two sources of return you will see, but if you’re in the red before you even start to look at repairs and maintenance how does anyone make money? Is having a negative month cash flow a good indication of a bad investment? +We're exploring some options that include selling our building and possibly purchasing a smaller one. This property is in a Trust and my brother is the Trustee.....I assume when you sell the property, the funds go into Escrow for the 1031 exchange. How does it work if you don't find a property? Does the escrow just send the money back to the Trust's bank account and then they are responsible for paying taxes? + +What about if the property is less than what's in the exchange, I assume it's paid for out of the escrow and the difference is wired back to the trust? + +We will get an attorney involved, but this is just an idea at this point. +I'm interested in purchasing a rental property and early in my research discovered the 1% rule. For those unfamiliar, the premise is that to ensure profitability you should rent your place for no less than 1% of your all in purchase price. + +But how the hell is anyone doing this?? + +I've looked at condos/apartments/townhomes in metro areas in Utah and New England but purchase prices aren't aligned with the rental market. + +Should I set this idea aside until the next crash or am I missing something big? +My future tenant wants an appliance updated and is willing to pay half. + +The appliance is old but still works. + +I told him we can upgrade and he can pay his half as an increase in the rent over the course of the lease. + +Thoughts? +Let's head right into it.So the first ever T+35 occured on 25th January 2021.Counting back these 35 calender days that shouldve started at 21st December 2020. (FTD) + +On the 25th January, the price went from \~70$ to 350$ in 2 days.This caught hedgefunds totally offguard. They didnt expect that to happen and force commanded brokers like Robinhood and others to stop the buying pressure as it was uncontrolable.It was a mix of FTD + FOMO + 1st time ever.After that it crashed to \~190$ due to panic selling and not allowing to buy.It ran shortly after to 327$ again for reasons I dont remember.Anyway people couldnt buy, were restricted, and couldnt push for a margin call.Which was at that time the most attractive time for that.So that makes it sure that they have never started closing their short positions. But started to add on more from that date, spreading FUD with media until today, to make us believe the squeeze is 'over'.That we would eventually sell and forget about it. That was the hedgefunds goal. + +DFV gave a little more light into this darkness with his share adding and proved that the squeeze was not over. Nothing illegal about anyone buying this stock. And investors simply didnt want to give up on gamestop due to child memories and much more. GameStop means a lot to gamers. And the believe in the company to create a great future in gaming for the community, is there. + +Due to shorting that started again from the 29th January, 35 days had passed. The FTD was on the 5th March 2021. The price went from 138$ to 265$ in 7 days.It were 21 days where the price kept rising, if it kept on going, it would've resulted in a margin call. + +This attempt was stopped with the shocking flashcrash that we all witnessed that day. + +After that, I think, we got the stonkometer showing us all the FTD, Options and so on.I used waybackmachine to find what were the last high OTM Puts and added 35 days until 'covering'. + +On 16th April 2021, \~427K OTM Puts were expiring. Adding T+35 Days to that it arrived on the21st May 2021. It caused a runup from \~170$ to \~302$ in 19 Days. (9th June 2021)Shortly after the stock would've crashed anyway and be again shorted.There is were GameStop sold their shares ATM. They took the opportunity to get money which otherwise they couldnt be able to do so. It was like the perfect timing. + +Now they had a reason why they shouldn't be shorted and that they can transform to get back on foot with zero debt and money on their hands. Which doesnt justify the shorting any longer.From that point all the shorting is due to not wanting to close their short positions. Meaning the true 'hedgies r fuk' moment. + +From the ATM share offering 2 days passed, those 21 days ended. This is when the hedgefunds started to short again to kick the can.Those OTM puts that expired today on 17th July 2021, were about 437K.Adding T+35 onto them means closing that position is 20th August 2021. + +That is when 21 days start were the price surges again. It ends on a Friday 10th September 2021. + +Monday is the 13th September 2021. Which is were I would expect Margin Call and where the whole stockmarket will get down to hell. + +Not to forget that probably the new delta strain or whatever strain will cause drama and can be used for a maskup. To do anything what is in their power to not let the hedgefunds or anyone else be responsible for the crash of the century. Because that would certainly upset a lot of people. + +*this is not financial advice, just some info or data for the stock and mostly, my opinion.*I do not know wether I'm right or wrong. Time will tell. +Before the invasion, US + EU + UK + Australia + "whoever else decided to move off of Russian oil for moral reasons" used to get oil (partially) from Russia. + +I don't know what China/India did before the Russian/Ukranian invasion. A blend of various nations I'm sure, just like any other country. The narrative being passed around is currently "they purchased less oil from Russia than compared to now". + +If all we did (the US + "morally upstanding countries") was (partially) move our supplier from Russia to Saudis (or whoever could fill the gap in demand), and all China + India did was move their supplier from Saudis to Russia (giving Saudis more supply to sell it us), where is the actual shift in the overall supply/demand that is driving gas to be elevated? + +Let's assume demand is/has been relatively constant (if anything it's declining because people are driving less now that it's high but that's irrelevant in my opinion). + +Let's assume zero countries can magically flip a switch and come up with more supply (they don't want to for profitability reasons/they literally can't do it on a dime). + +I'm well aware that nobody would want to invest short term (1-5 years) in oil because the current macroeconomic picture is a world that at least attempts to move away from fossil fuels in the name of climate change concerns/a hope for an Earth with less global "pollution" / "greenhouse gases". + +Who/what is responsible for WTI prices being what they are now, and what's the story for them ever falling back to $70/barrel or below? +The prevailing opinion seems to be "stay away from property, it's about to crash. invest in the market instead". If the property market *did* crash, what would the flow on to the share market be like? +Man, this really sucks but just got told I won't have a job in 2 weeks time. + +Have in the bank around 150k originally saved up for a mortgage - now there's no need for that. I also have an emergency fund of around 10k. + +Anything else I need to do? I already live and eat cheap (around 30k/year). Don't have a car. + +Man, I'm depressed. +I think what we are seeing is that Gov is grabbing on to control. They realize that the internet and now BTC, has allowed for average people to liberate themselves from their control. This causes an overreaction to institute MORE control. Which causes people - especially Americans in which FREEDOM has been engrained in our mindset - to resist against this control measure. I find no use in “government”. This does not mean we don’t have governance - just not an anointed group to tell us how to live. +There was no air-gapped hardware wallets either. Satoshi probably stored his Bitcoin access on an old laptop you would be embarrassed to be seen using these days. His wallet has been sitting in cyberspace for over a decade and nobody has been able to steal a single sat. + +The network has never been hacked and if it were to be hacked, there are much bigger wallets to raid than yours. + +People scared of their Bitcoin wallet getting hacked fundamentally misunderstand the Bitcoin network. +This is my personal story, so it may not be for everyone, and I 100% understand that some people don't want (or should need) to change their career. With that admission out of the way... + +Off the back of a popular post here it got me thinking what would really help some people who are looking to do the right thing by securing their future but are low income earners. I think there's a solid piece of advice being missed out and it does not involve, stocks and shares, ISAs, pensions, etc. + +About 13 years ago, I was getting sick and tired of working in a factory after being a temporary member of staff for 2 years (I now detest employers who have a habit of employing people in this manner). I can't remember my salary, but it was a little above basic as it was an early shift 6am-2pm one week, 2pm-10pm the following week. I was on my feet all day packing hydraulic parts, plus cycling to and from work. I'll admit it, more than once I shed a tear in frustration when the 4:30am alarm went off. I couldn't really see a way out. I had a criminal record and I was just grateful to be in steady employment. The 2009 recession saw me let go but I eventually returned and during the later half of 2010 I was made a permanent member of staff and was earning £18k. + +During this time I'd been seeing people running blogs, doing something they loved and earning a living. So I started my own blog... and I didn't earn a living from it, far from it! + +What did do though; +- Invested LOTS of time into learning new skills to get my blog seen. +- Invest a small amount of money into tools to learn more skills and host my website (No gimmicky certificates or get rich quick courses - watch how they sell by all means but don't part with your cash!) +- Learnt that what I was doing had a career path within digital marketing to higher earnings than what I was currently on. + +Beginning of 2011 I was declined for a job, but later that year they came back to me as I kept in touch with the owner via Twitter. In January 2012 I started a new career as a Junior SEO Executive on the same £18k salary. + +Today I am finishing my first month in a new job role earning more than double than that by moving jobs twice for new opportunities (which quickly put me in the mid £20k pay bracket), and one redundancy this year led me to a job paying an additional £9.5k on top of my last salary. + +So my number one tip to any low income earner if you're feeling stuck in a manual labour or low-skilled job, being passed over for promotion, or paid a salary that does not support you, etc.... + +Invest in time to upskill yourself and try new things that could lead you to a new career. + +Part with some cash to support that when you feel its right to do so, but if you find that difficult just do the bare minimum but keep reading learning and putting it into practice as much as possible. + +If that means night school, learning remotely or similar, then do that. I did it by reading digital marketing blogs, free courses and actually hosting a blog and running my own social media accounts. +I left school with no real education (GCSE Science double award at grade C, everything else was graded below C), but trying something new and persevering has paid out. + +Your way out of financial stress/debt and being able handle your personal finances isn't always going to be solved with a spreadsheet (but you should 100% do that) - for me that happened last year during a pandemic and taking responsibility of my personal finances in a mature (? lol) manner, but that's another story! + +If you're earning minimum wage, I truly hope that taking a small amount of cash and investing in yourself lets you move onto a better job or career, and then you can chase the solid advice on financial investment without needing to choose between quality of life (eating good food, social life, etc.) or putting money into savings. + + +TL;DR - Invested in myself to create an opportunity for a new career so I could dump my low income factory job. I now earn over double the money and can invest financially without impacting my quality of life. + +Edit: Typo +Basically I’ve been full time working for about 2 years now and managed to save about £12,000, my girlfriend and I are looking to get a our first house within the next year. Looking at mortgage calculators our budget is around £180,000 in the East Midlands area. My girlfriend had received a large sum of money from her father (~£20k) that she wants to use for a deposit too. + +Should we use as much as we can for a deposit to try and get a lower mortgage rate or stick with 10% and continue investing the left over? + +Edit: thanks for all the people posting creditable advice about my question. Commenting “don’t move in with her” whether to move in together isn’t the question I’m asking so thanks but no thanks. +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? +Follow up on my post [last night](https://www.reddit.com/r/Superstonk/comments/qruywj/gamestop_crypto_company_spinoff_might_be_coming/) + +So Iv been speculating if GameStop is planning to create a crypto spin-off company. + +First, lets look at the clues. + +&#x200B; + +https://preview.redd.it/3l91dqxq85z71.png?width=604&format=png&auto=webp&s=5cf2bfdfce0d19485c4ca2c7f8d2ffb6859b8157 + +Matt Finestone talks about [“working for a stealth startup unit within a large public corp.”](https://gmedd.com/blockchain/clues-point-towards-gamestop-launching-nft-marketplace-with-leading-crypto-technology-company-loopring/) + +Yesterday [u/EZMoney\_33](https://www.reddit.com/u/EZMoney_33/) found [this job opening](https://careers.gamestop.com/en-US/job/manager-sap-data-conversions/J3N0PR6K5NGCLMR9J5N) at GameStop, where preferred qualifications was «System Carve Outs» - + +&#x200B; + +https://preview.redd.it/1y5nfeyv85z71.png?width=605&format=png&auto=webp&s=ea487c261fb80e5f764b838349a8dc36b8e3a640 + +The job opening also list “Basic knowledge of Sarbanes-Oxley and other control objectives» as a Basic Requirement, pointed out by u/Ollywombat in my original post. This act might come in play when doing a spin-off. + +u/holdmetendy pointed out that the «System Carve Outs and M&A» probably referred to [this blog post,](https://blogs.sap.com/2021/09/09/overview-on-sap-carve-out-project/) so we might see a merger before the spin-off. + +These clues (and Ryans tweet with the chopsticks ofc) leads me to believe a spin-off is coming. + +**So why a spin-off and not a carve out?** + +In a carve out, the company sell the «new» company through a IPO or similar proceedings. This will not cause any trouble for the SHF, but with a spin-off, GameStop can say, for every share you own, you get one new share in the new company, (or NFT in this case). + +**How to defend issuing NFT instead of shares?** + +Since the new company will provide crypto services, they will use NFT as proof of ownership, to show potential clients how much they trust their technology, and will therefor be able to defend this decision, without being accused of doing crypto to f\*ck the SHF’s. + +**What is the most feasible way this can happen?** + +After reading the comments on my original post, I believe that this is the way forward + +&#x200B; + +[Merger to spin-off](https://preview.redd.it/3jt8ny9795z71.png?width=576&format=png&auto=webp&s=afd68feee4c42f4439582090f34404014dee649f) + +**What will happen if they do this?** + +Well, first, total chaos. SHF will need to close their shorts, or try to buy tokens for the new company as soon as possible. Since they don’t hunt in packs, we will probably see a bit of both. The stock price will rise, and margin calls will be issued. If anyone survive the margin calls, they will still need to find GmeRica tokens for every share they shorted. In some scenarios I see the token for the new company being worth more then the shares. + +What a time to be alive! + +**What can I do to assure that I get NFT’s in the new company?** + +DRS DRS DRS DRS and DRS + +&#x200B; + +edit : formatting.. +I keep seeing the explanation that a stock split is useful for a company because it lowers the share price to a level where more people are willing / able to trade it. + +My question is how does this affect the company in any way? I thought IPOs raise money in the original offering, and then subsequent trading of shares only switches the receiver of future dividends. + +Does increased liquidity / trading help the company in any way? + +Thanks! +We are in the first Bear Market in 10 years. Historically this is the time when long-term investors should be putting money to work. We most likely will have more pain to come, as Bear Markets usually drop about 25-30% off of peak. With that said another 5-10% drop is likely coming. + +&#x200B; + +Investors should not panic. By the word "investor," I mean someone with a time horizon of years not months. I for one will be putting money to work in 2019. I will calculate how much income I want to contribute to the market and make quarterly buys. Bear Markets should not be scary for long-term investors. We had a "Great Depression" and a "Great Recession" and the markets have always rebounded. Remember in 08-09 our whole Financial System almost collapsed. That is not happening right now. The fear is not a Financial System/Capitalist Form of Government collapse. The fear is a recession. + +&#x200B; + +There are other fears including the Fed raising rates too fast and our debt level reaching unsustainable levels (our debt level reaching unsustainable levels has been a fear since the arguments of Alexander Hamilton and Thomas Jefferson). Interest on our debt compare to GDP and Government Spending, including spending on entitlements, are legitimate fears of course, but our way of life and form of government is not going to collapse. + +&#x200B; + +Investors should not be putting money into the markets if they will need that money within a year or is part of their emergency fund. Only disposable income should be being put to work. If that is the case, investors should not worry about the market falling. Stress should easily be managed. Be smart with your money. + +&#x200B; + +A few indicators I am going to be watching are the Russell bottoming (I tend to agree this is a leading indicator), the Schiller P/E ratio, and the forward S&P P/E Ratio. The Schiller and S&P P/E ratios should tell investors it's okay to start putting money to work and the Russell bottoming would confirm. + +&#x200B; + +It is not worth it to panic. If you are panicking then either you have too much money in stocks, your time horizon is too short (you are more a trader than investor), or stock investing is not right for you (put money into bonds for guaranteed returns). + +&#x200B; + +Good luck everyone! 2019 is going to be a volatile year for the markets. Pick winners and watch company's debt levels and cash flow from operations. A healthy balance sheet will survive a down turn in the economy. +https://www.cnet.com/news/apple-invests-in-better-glass-displays-for-future-iphones/?ftag=COS-05-10aaa0b&linkId=37516656 + +Corning is obviously the best at making glass and this solidifies a major customer. +I keep seeing the explanation that a stock split is useful for a company because it lowers the share price to a level where more people are willing / able to trade it. + +My question is how does this affect the company in any way? I thought IPOs raise money in the original offering, and then subsequent trading of shares only switches the receiver of future dividends. + +Does increased liquidity / trading help the company in any way? + +Thanks! +**EDIT 3: Posting up top for visibility: /u/a-a-evans found [Deloitte is INSANELY busy right now the next block over](https://www.reddit.com/r/Superstonk/comments/mtonh4/deloitte_financial_advisory_service_in_canada_is/).** + +Citadel has an office in Toronto at [First Canadian Place](https://i.imgur.com/y1OetSr.jpg). - [Source](https://www.citadelsecurities.com/about-citadel-securities/) + +Many buildings in Toronto's financial district show closed on weekends and do not show live data- but the subway stations sure do. + +[St. Andrew station](https://i.imgur.com/LDX7qzh.png) is wayyy busier than it should be on a Sunday night as of 8:38pm EDT. + +St. Andrew station is [a 3-minute walk](https://i.imgur.com/Fz4lfjF.png) from Citadel's office. + +The Province of Ontario is currently under an emergency stay-at-home order. Our premier even tried to give police agencies the power to conduct interrogations on people driving in public. + +Why would a subway stop in the financial district be so busy on a Sunday night? Hmm... + +Are the Canadian Citadel hedgies calling emergency meetings tonight too? Any Toronto apes who live nearby - we need boots on the ground! Citadel's address says Suite 4720 - 47th floor perhaps? + +EDIT: Still [very busy](https://i.imgur.com/DKWt1sD.png) as of 9:15pm. The subway is running southbound [until 1:44am](http://ttc.ca/Subway/Stations/St_Andrew/station.jsp). Torontonians will recognize this building as the "BMO building" - I seem to recall seeing something about BMO being the other Canadian bank (besides RBC) holding puts on GME? Perhaps I'm remembering wrong. + +EDIT 2: Thanks to /u/AlexanderHood for pointing out there is [an advisory](http://ttc.ca/Service_Advisories/Subway_closures/Apr12-21_SW-Wil.jsp) that the subway line temporarily ends here and switches to buses. Still, this shouldn't add net traffic imo, just switch the mode of transportation... + +EDIT 4: Shout out to /u/Jonesy156 and /u/Gullible_Expression4 for the tip to check out the [CN Tower's live cam](https://www.earthcam.com/world/canada/toronto/cntower/?cam=cntower1). The building in question is the tall building on the left with the flashing red light on its antenna. Some lights on but nothing out of the ordinary it seems. Time to count floors! +Hey guys. Ive been into BTC for nearly 2 years now. The longer time carries on, the farther down the rabbit hole I go. + +Typically, I have been DCA'ing every pay day up until a week ago. I have always thrown whatever extra change and money I have laying around into it. I no longer buy stocks as it always feels too much like a gamble. I can never just be happy holding stocks. It was like chasing a high finding the next 'money maker.' The banks must have loved me and all the stupid fee's Id pay buying and selling as I carry on the chase. + +But then Bitcoin entered my life. And life became easier. Stocks became meaningless. A Maxi I became. No more stocks. Savings being placed entirely into the soundest money of all time: Bitcoin. + +Fast forward to January. My father has a fatal, and extremely rare stroke; a Cerebellar Stroke. You would never have seen it coming. Not your typical stroke symptoms. 2 weeks later after a battle in ICU he passed. He didn't leave much. He was a free spirit. Retired early, and lived and travelled in a van. My step-mom, who he divorced a decade ago, kept paying his life insurance that he neglected to pay. + +So with many thanks to my step-mother, I received inheritance. + +First thing I did, I paid off debts. Helped the wife pay down a lot of debt. Upgraded the house.... slightly. Nothing too major. + +Im keeping a bit of fiat in savings. Sadly, letting it get eaten away from inflation. + +The rest, I dedicated to buying up the remainder of what I need of a whole BTC. Total cost roughly, $35,000 USD. + +Enter: The Royal Bank of Canada. Canada's biggest bank. A bank of which I have been with for many a year. I have savings accounts with them. I have a larger LOC with them. I used to use their investment services. + +Banks are not your friends. I am aware of this. + +But, honestly, its 2022. The banking system is stuck in the 1980's. + +This past Monday, March 21st, I went to the bank to wire the $35K to NDAX, a leading Canadian Crypto Exchange (0.2% buy fee, $15 transfer out fee). Did the paperwork, confirmed the info, and boom, done. Later, the advisor from the bank called to ask me some questions from the Anti-Money Laundering department. Cool, a couple verification questions. I answered honestly. Advisor said "great, expect to receive the wire tomorrow." + +Tuesday, nothing received. This is a domestic wire transfer. Should take a day, tops. + +Wednesday, March 23rd, Im in the bank again. Branch manager tells me the wire was flagged as "too risky." You cannot imagine the disbelief in me. The bank was deeming what I was doing with my money as "too risky." As if they had some control over what I choose to do with my money. Its sad enough its 2022, and there isn't an easier way to send $35K, which honestly isn't even that much damn money in todays age. + +After raising a stink, and showing the branch manager my Bitcoin tattoo, I informed him I was "WELL AWARE OF THE RISKS." I also had to mention that its risky leaving my savings in a bank that has a less than 1% interest rate in their savings accounts. I was asked to show proof that I have dealt with NDAX before. I was asked if anyone told me Id make a fortune buying BTC? Standard money-laundering questions. Check-Check-Check. Passed the test, AGAIN. + +Manager put a word in with Wire Transfer department, and the money was finally taken from my account. + +Thursday rolls around now. Still, nothing. Nothing at all. Money, stuck in limbo somewhere. In some sort of electronic bank cloud. + +Today. Friday. Guess where I am again for a 3rd time? The fucking bank. More times in 1 week than in 2 years. Remember everyone... its 2022. Nope, sorry, I cannot call them because when it comes to wires I have to physically enter the branch I sent the wire from. + +This time I get branch manager involved, a co-manager involved, and of course an advisor. All looking into this shit for me. Im livid. Its Friday. The original wire was supposed to be sent Monday. Tomorrow is a weekend. WTF?!? + +Turns out, under money-laundering investigation, AGAIN. More questions asked. Anyone put you up to this? Have you used NDAX before? How did you hear about them? Are you going to do business with them again? Blah blah blah. I passed again. I was told then to await an email or a phone call when this has all been settled. 2 hours pass. I email the branch manager, livid. Nothing still. + +Then, around 3PM, I was told the money was released. + +Guess I have to wait the weekend to receive it on Monday. Those fuckers at the bank! + +But no! As soon as NDAX received it into their processing, I received the wire transfer! 530PM Pacific time! Last minute. + +Of course everyone will say 'HEY! DCA that shit!" I get it. I DCA'd for so long that it was just nice to cop what I needed and throw it into Cold Storage. The few dollars Id save DCA'ing mean nothing to me in 10 years. Its nice to just have a solid 1/21,000,000, and to take it off the market. + +But that's not the total point of this at all. We need to all be happy for each other for any amount of BTC we have at any cost we got it. This is the future. This is the sound choice. + +The point is this tho: + +Banks are not your friends. Banks consider you GUILTY UNTIL PROVEN INNOCENT when wiring any sort of money. + +And this my friends.... is why we Bitcoin. + +Peace and Love Bitcoin Community. +Wife and I are mid-30s, mid seven figures NW, 1.3m joint income + TBD upside from carry in PE. + +We started a family and cooking frequently is too much of a burden and would take away from family time. We end up ordering in or picking up food most days, and it can run us $70-$120 just for the two of us between what we want to eat and all the fees. + +I think I’ve seen others post here before but not NYC specific - are there other options of working with a private chef where once a week I can pick up prepared food or they can drop it off? How do i find these options? I figure it’ll taste be better, be healthier, etc. + +Thank you +Credit to u/Busy_Dot for bringing the following to my attention. + +TL;DR at the top again: BCG had a 5,000 word analysis of the global gaming market on their website as recently as March 25. Once again, it has mysteriously disappeared, but the Wayback Machine still exists [so here it is.](https://web.archive.org/web/20220325142728/https://www.bcg.com/en-mideast/2021/gaming-and-esports-sector-are-the-next-shift-in-media) + +I was very surprised that my last post got as much attention as it did. For anyone that doesn't know what I'm talking about, I made a post a couple of days ago where I showed that BCG had scrubbed a PulteGroup related article from their website within 24 hours of u/RealPulte and the apes that inhabit this zoo becoming aware of each other. That post is [here.](https://www.reddit.com/r/Superstonk/comments/u0wcb9/did_bcg_try_to_scrub_this_blog_post_about/) + +This did get me thinking, though. The only reason I was able to find that article, and the internet archive link, was that I happened to make a very specific search, and that search happened to return a result for a page that no longer exists before the web crawlers and search engines delisted it from their rankings (at least on DuckDuckGo). That, and the article I was looking for just so happened to have been archived by somebody for some reason all the way back in 2021. They totally could have purged more articles. And if those removals weren't noticed quickly enough after they happened, or if those pages were never archived, then they'd be very difficult, if not impossible to retrieve. + +So I grew a few wrinkles re: The Wayback Machine and learned that you can use it to sort of explore subfolders of specific webpages. [Here's that page for bcg.com.](https://web.archive.org/web/*/bcg.com/*) I soon found out, however, that the filters for this explore function are kind of finicky and the search only really seems to work if whatever you searched returns an exact match for some substring of an archived URL (and that's not even consistently true in my short time trying to use it). + +I was really hoping that I could just type in "GameStop" in that search field and find a smoking gun (could you imagine lol). But I did not, and I soon gave up on that endeavor because I had things to do IRL and trying to figure out how to use the explore functionality on TWM in a way that was consistently helpful was becoming a pain in the ass. If anyone else wants to give it a stab though, be my guest. It seems like the kind of thing that would best be tackled by crowdsourcing. + +$BUTT + +Last night, while I was sleeping, I got a DM from u/Busy_Dot who apparently found another deleted article hiding in Google search results. And while it doesn't mention GameStop specifically, it's kind of the next best thing. Basically, [BCG thinks gaming and esports are media's next big paradigm shift.](https://web.archive.org/web/20220325142728/https://www.bcg.com/en-mideast/2021/gaming-and-esports-sector-are-the-next-shift-in-media) They seem very bullish on the global gaming and esports market. + +From the article: + +>Gaming & esports is a fast-growing and continuously evolving sector and offers content producers a platform to connect with consumers in a way that other media cannot replicate. This paper has demonstrated the ability for investors to achieve commercial returns, and for governments to create economic impact. But investors and governments can only create the framework for game developers and esports athletes to grow. +> +>Ultimately, ecosystems emerge from the passion of the consumers - the stories they want to tell and the glories they want to achieve. Gaming & esports speak directly to a shift in the media paradigm, consumers as creators. More than entertainment, they offer an infinite canvas for creation. As government and private sector investment continues to grow, that canvas will keep expanding. + +Weird that that article was posted in December but they've suddenly changed their minds over the last couple of weeks. Probably nothing. +basically i opened an ITM leap AMD 105c 1/2023, and planned to generate income weekly by farming covered calls. Unfortunately AMD seems to be in a lull rn, so my long might fall OTM for a while. What exactly are the repercussions of this from a technical standpoint? Will I still be allowed to sell CCs despite my long not being ITM? Kinda new to PMCCs, be nice. + +thanks guys! +What are some softwares or apps that scan the options markets in real-time + + and can show you where are the smallest available thetas and the largest deltas, + +or filter similar type of criterias? + +Thank you very much +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. +Hi guys, + +My background is in investment banking but recently, I've been intrigued by quantitative finance. + +Are any of you guys using any statistical/mathematical models that you would be willing to share? Doesn't have to be in detail but I would like to know the general math/stats behind your theta trades. +Does anyone have info or a good spreadsheet maybe, stocks that have a decent range to sell options and wheel? + +I've been selling Puts (then bought shares and sold a Call) on Ford, and started selling $14 strike puts on SPCE about 2 weeks ago. + +This options selling stuff to make extra income is quite enticing.. +Portfolio Margin Account +/- 450k + +Looking to make options premium selling main source of income. I have made really good money the last two years but I feel this is more a product of luck than anything else and want a system that is more sustainable. + +Would love your thoughts on my thesis here: + +If I want to do this for the next 50 years of life, using individual stocks as underlying would not be the best way to go. A dick pic by Tim Apple /s would not be a good thing. While not going over 60% buying power usage I could allocate 50k of buying power to each of the 5 most liquid ETFs. + +SPY, EEM, IWM, TLT, QQQ + +If I were to do that today for Feb. expiration that would generate 13k in premium. Tasty trade taught, so I would close at 50% or 21 days. Rough estimate would be conservatively I could do this round trip 8-10 times a year. and generate 50-60k in premium. + +Falls, take assignment and sell calls. Rinse and Repeat. + +Footnotes: + +1) Could also do this with futures for better leverage, taxes etc... + +2) I am completely ignoring IV in this scenario and selling on dips regardless of IV. + +3) Live in LCOL area in a fly over state and I would take 4k ish a month and be good. House paid off. + +Sound system? Or will the top comment be "BuY and hOld wOuLd WoRk BeTtEr!" +So the markets started off the week RED - seemed like a good time to sell some CSP's - of course I was a little bit nervous about the overall market direction with all of the FUD going on in Congress. Since I am mainly focusing on the Wheel Strategy - I do hold the following tickers and sell CC's weekly (A few are monthly) **CHPT, CHWY, DKNG, GME, LCID, MRK, NOG, PINS, RIOT, TTD** \- this has caused my overall portfolio to remain red the past 2 weeks. So Im running my Covered Calls scanner on Bar Chart and I see this ticker pop up with crazy IV last week - **CCXI** So I check into this ticker and find out its a pharmaceutical company waiting on FDA Approval for a new drug. This stock traded at $70 earlier in the year - but now was trading around $17. I could sell the October 15th 20 CC for 4.87 - so I started buying shares and selling CC's - ended up with 1100 shares and 11 contracts at different strike prices. My thought process was this - if the FDA news is not good - I can immediately sell the underlying shares - and leave the CC's naked until expiration (Or BTC since the value would plummet) - and if the FDA approval got announced - I could allow exercise or BTC the CC's and hold the shares. I ended up day trading these a few times because the stock price was bouncing a little bit. I ended up with $9500 in premiums collected. So Oct 7th arrives and all day we are waiting for the FDA announcement. Market Closes - nothing yet. So now Im rather nervous carrying these shares overnight. I do trade on Fidelity so I can Buy/Sell after hours. 7 PM still no news - so I guess we wait until the next morning. IM up at 6 AM watching stocktwits - what a roller coaster some of these folks are on ... 6:55 AM the ticker is halted - and the announcement comes out - Full FDA Approval. What a great feeling. 7 AM hits and the stock opens at $35 per share. I immediately buy 1400 more shares at a cost average of $33. So now my 2500 shares are average cost of $24 each. Now decision time - what to do with the CC contracts. So at 0930 when the market opens I BTC all of my contracts. Now Im holding 2500 shares that are trading in the $35 range. My P/L shows $27,000 - this is the best trade I have ever made. See chart below with my trades. + +&#x200B; + +[Week of Oct 8th Covered Calls](https://preview.redd.it/ylpisdbbnfs71.jpg?width=1048&format=pjpg&auto=webp&s=941ad58a93f34eb165500b0f212582c29c3ad55d) + +Opening P/L + +&#x200B; + +[0930 Fidelity Trader Pro](https://preview.redd.it/61n5yr7fnfs71.jpg?width=397&format=pjpg&auto=webp&s=3e4d45faff730acc4127e8826ac543907825a4c0) + +I ended up selling 1000 shares later in the day for $37.80 and still hold 1500 shares. I also opened a spread just to capture the profits if this thing runs like they are predicting. + +&#x200B; + +[50 Contracts - Max Risk $4800 Max Profit $20,000](https://preview.redd.it/683m93xynfs71.jpg?width=888&format=pjpg&auto=webp&s=13987afee17644dff24f495c0d485ac1d8ca0160) + +Overall I am very happy with how this worked out. I felt my risk was somewhat minimized because I had sold the CC's early on - and my cost average was about 30% below my purchase price. I do realize this could have gone south real fast - and I was prepared for that scenario. + +I did sell CSP all week also - and that chart is below. I ended up not taking assignment on anything this week. I have been BTC most contracts after 70% profit just to be safe and free up margin. I am really interested in the TSLA PUTS - these seem to be a nice little premium generator. + +&#x200B; + +[October 8 Weekly CSP ](https://preview.redd.it/7jbh4d0lofs71.jpg?width=1275&format=pjpg&auto=webp&s=e184d3ff033abe523bed317092c0d509c214d257) + +The only other change I made this week was the Energy Sector - I added some shares and sold some CSP and CC's on a few Energy Tickers - they seem to be strong going into Winter. **DVN, NOG, COP** and Ive always invested in **GPRE** who does great thing in the Ethanol Space. + +Thats about it for this week - all feedback appreciated. I am still learning and my weekly goal is still $4000 per week in revenue generation - but for the past 5 weeks I have definitely eclipsed that. +My first experience trading was after my friends dad sold me on his course. It was all about writing weekly iron condors on low iv stocks. The one thing I took away from his course was that those plays were too “slow” for me. + +Then I lost my account and had to start over using those same plays I called slow. + +Life’s a mf, but thinking about it just now got me wondering where you all started. And whether or not you started with thetagang plays or learned the hard way. +New to Theta Gang. + +I Have experiance with stocks/options, but recently spent the last 3 months learning about theta gang. + +Anyways, last thursday I made my first put credit spread trade on AMD. Obviously I shorted the $100 put(with an experation on this Friday) as I saw the big support level that many have since then noticed. Obviously that support level broke and left me feeling the need to cash out at a $30 loss. + +Personally I'm not upset at my first put credit spread, as I did believe in my thesis. However I'm now wondering if I cashed out my loss too early. + +The only reason why I cashed out early is due to my small portfolio amount and the idea that 100 is now more than likely a level of resitance. I understand TA is frowned upon in this community, but it's what I took into consideration. + +Only thing I'm upset about is my lack of knowledge on TSMC's earnings this week, along with me not knowing inflation numbers would be revealed. This lack of knowledge made my trade feel like more of a coin flip than expected. (If there's any good sites that will inform me on earnings/inflation/cpi numbers, pls help) + +Yes this thread is annoying. But I'm sure there are several flaws in it, and that's why i'm here. I'm trying to learn the Theta Gang ways. And if anyone credible could inform me on what I did wrong/right, it would be very much appreciated, as I aim to make better trades in the future. +I will be starting trading options soon, but because Im still young my buying power is pretty small. I still want to keep my portfolio diverse enough though. + +So should I trade the wheel, credit spreads, debit spreads, iron condor, pmcc or something else? +Since the dawn of trading, chaos has always created opportunity. + +You don't make money in a market where things are nice and stable, and there's no volatility. Nor by buying when things are at their peak of going well. + +&#x200B; + +The more volatility, the more the opportunity. + +You can take advantage of bigger price swings. + +Losses come quick, but so do gains. + +The tide turns very quickly in this market. + +This is what has attracted risk taking traders to crypto. It's a high risk high reward market, like not too many others. + +&#x200B; + +But this isn't like a casino game where the house always wins and the odds are never in your favor. + +You can stack the odds in your favor, by using more due diligence, putting effort in your research, and having a strong game plan. + +This is also a market that favors those who are patient. + +Thanks to a little loophole in the tokenomics of this market thanks to the Bitcoin halving. + +# Is there still future growth for crypto? + +Have the fundamentals of Bitcoin and major coins taken a u-turn? + +Has anything changed for the worse about the technology of Bitcoin and major coins? + +Has adoption gone down in this bear market compared to the last bear market? + +Are there fewer use cases for crypto? + +Are institutional investors and large corporations not using crypto anymore? + +&#x200B; + +If you answered mostly no to all the above, you would be mostly correct. + +There is no sign of future growth stopping. And as long as there is future growth, there is opportunity. + +&#x200B; + +...But remember to evaluate the risks, and how much risk you can tolerate. This is the high stakes table. +(Mods, please delete if unacceptable) + +On some recent rounds networking with alumni from my alma mater in their first and second years as analysts, I have had the opportunity to visit some of banking's greatest canteens. My thoughts: + +Top tier: JPM, Wells Fargo, Citi. These guys were great. The JPM location I visited had LOBSTER, yes, actual lobster in the canteen. And prices were extremely reasonable. Citi, especially, was downright cheap for what I got- well cooked grilled salmon, followed by a couple of tacos and some ice cream. Excellent stuff. + +Middle tier: In the UK last month, I visited Barclays and Deutsche. While there was nothing to actively dislike about the culinary selection there, I was nonetheless not particularly impressed, and at Deutsche especially, things were a little overpriced. + +Bottom tier: Goldman, BAML. I was extremely disappointed in Goldman especially. The food had been sitting there for hours it seemed, service/staff politeness was shitty, and the selection was mediocre at best. + +Legends: I heard from a number of people who were on Wall Street in the 80s that the Kidder Peabody canteen was legendary in its grandeur and options. A few people also mentioned Manufacturers Hanover/Chemical as having invested heavily in a fine canteen back in the day, which makes sense given that they're now JPM. + +What have you found? +Partner and I are getting married next year and looking to have a family (we’re 27). We currently rent a one bedroom flat for really cheap (family owned) but would like to move out into our own home. +I’m not really sure what makes the most sense in this economy - renting with the inflation, or buying with the scheme. + +We don’t have 20% for a loan and couldn’t pay LMI so it is either renting or buying with the scheme + +I’m employed casually moving to full time in the new year, my partner is part time. +https://ournextlife.com/2018/03/21/fire-blogger-manifesto/ + +I really liked this blog post. I'm not associated with the blog (in fact, I never heard of it until google suggested it) but I particularly liked the parts about: + +* You can get sick at any time. Stop pretending like it can't happen to you + +* If you have a household income over 100k, jfc, you're not middle class + +* Some numbers might actually be worse than no numbers because without possession of the finer details people can misguage their own position relative to that of their favorite blogger. + +I'm self-employed, and due to a favorable tax deduction situation I make poverty-level taxable income, live a nice middle class lifestyle, save very little beyond my Roth because of reinvestment into the business. It makes no sense for me to share my personal situation because it's so unlikely to be useful to anybody, unless of course, I showed EVERYTHING and people were able to pick out some useful tactics. + +Furthermore, every member of my family has pre-existing, chronic conditions which means that going uninsured would quickly blow through our resources. I at least have the benefit of being Canadian-born and could flee back to a safety net if we had to. But we spend a lot of time with our accountant making sure that we stay in the ACA window and freaking out about healthcare bills. We're working on growing the business for the SOLE purpose of having the option to pay for a group insurance policy, as it would likely be impossible to self-insure. + +Consequently, I typically feel like FI and PF in general has very little insight to offer me (but I still read them to stay immersed in a 'frugal world') + +I was wondering what you all thought. + +Hey guys, + +For a work problem I was able to increase the efficiency of a script in three orders of magnitude by replacing a while loop with linear algebra. I’m not sure the same can be done with financial data as at least for some applications the time sequence is important. Do you guys have any experience/insight to share? Thanks! +Hey Guys, + +It feels like alot of algo trading info just mentions certain strategies like SMA or people obsessed with machine learning. I'm wondering if there are any good books, or materials that just go over actual process and structure for building the algos. I've put together my own guide that I won't link because of the rules, but I'd love to see some other resources on more the basics. IE a development approach, CI/CD type flow for new algo release, and finally a componentize architecture for the actual algos. + +Thanks again. +Hey guys, + +For a work problem I was able to increase the efficiency of a script in three orders of magnitude by replacing a while loop with linear algebra. I’m not sure the same can be done with financial data as at least for some applications the time sequence is important. Do you guys have any experience/insight to share? Thanks! +I’m 17 and have been getting a lot into crypto this past month. I’m still learning but one of the best things I’ve learned on this subreddit is “buy high, sell low.” I’ve got about $100 in extra money by these small things online that I can invest into. I don’t want the invest in BTC or ETH since my parents already invested my 16 years of birthday money into that for me. I know $100 is not a lot but I think it’s enough to get me started and to practice. Do you guys have any advice on coins I should buy, what I should or shouldn’t do, or anything crypto-related advice in general? + +BTW, i love this subreddit (and the moons) and will continue to be on this for the rest of my life, so y’all gonna have to get used to me. +I have always wanted to day trade for a living ever since I was a freshman in high-school I am currently 18 with no plans on going to college. I currently have 2 jobs that a work part time at each, I know I want to eventually get to the point where I can day trade for a living and but am sure on when or how to start. I am aware that not going to college is risky but I only made that decision because my family owns multiple business that I can easily get a job at, basically it is near impossible for me not to have a job. I also realize that I should have at least some money to start day trading I am very frugal and have worked since I was 14 I currently have around 20k saved up at the moment. I was planning on saving up to do covered calls to further increase my income. As far as my knowledge of day trading goes I have done online courses on Udemy, read How to Make Money in Stocks by William Oneil, almost finished with A beginners guid on how to day trade for a living by Andrew Aziz, and have plans to read Options volatility and pricing next. I would appreciate any guidance, advice, criticisms, and book recommendations. And please ask questions so I can further evaluate my situation. +Every week my team at works takes turns presenting on something interesting unrelated to the office, and I wanted to give an overview of the FIRE movement and general personal finance tips and tricks. + + +The summary: + +313k Jobs Added + +4.1% Unemployment Rate, unchanged + +63.0% Participation Rate, up 0.3% + +2.6% Wage Growth + +Some solid numbers in construction and manufacturing. + +Overall, another solid report, wages could be be better but still above inflation. + +Edit: Here is the [BLS Report](https://www.bls.gov/news.release/empsit.nr0.htm) + +Edit 2: To add January and February revised collectively up 54,000. +I’m sure most of you are well aware of the momentum the bath ticker is getting across others subs, especially the big gambling one. + +Another Ryan cohen company getting massive noise across Reddit building momentum reminiscent of the GME January sneeze. + +We see a repetition of MSM like CNBC and old coke rat bashing the bath stock along with GameStop of course. + +Now we know how closely correlated these “meme stocks” are, the whole meme basket thing and how overly shorted they are in both GME and bath + +The point is, can another wave of FOMO and drastic buy pressure (in this case in another ticker but one that is so closely correlated to GME) be the final spark to ignite MOASS? The momentum is really there and I don’t see that train stopping anytime soon. Would appreciate if a wrinkle brain would write some DD on this matter, if one already exists on it pls tag it for me + +Edit: I am not advising anyone to buy Bath stock, simply trying to put 2 and 2 together here +Need some advice! + +I've been considering going to college to earn an associates degree, and if that works well enough, then possibly apply for a 2+2 bachelor program. + +I've been in sales my entire adult life, never been extremely successful in any particular industry, and have been living paycheck to paycheck recently. My income has been around 40-45k/yearly for the past 4 years. I am married. I have one 18 year old child (which is why I now am considering a degree). + +I feel that I have great potential in a management function, but with no formal education, I have applied for management roles and always been denied due to other candidates backgrounds (so I've been told). + +I've always made on time payments for all of my obligations and I fear that my current financial situation (car payments, credit card bills) will surely suffer if I go to school. + +What advice can I get from amyone who's been through a similar situation and actually pulled the trigger? What can I expect and what would you have done differently to lessen some of the issues that may have arose? + + +EDIT: Thank you everyone for all of the advice!! + +EDIT 2: 7:11pm EST- Have read every comment thus far. Thank you to all, good or bad, for the input! Most action my reddit inbox has ever seen. + +EDIT 3: 9:47 PM EST (10/15/17): My Karma has risen like a Bitcoin! Thanks everyone! +TLDR: Looks like Melvin did close their position, but it wouldn’t affect the squeeze. + + +DD: + +I dug up Melvin SEC filing and saw that they have 5.4M GME shares put in Sep (an increase from 3.4M shares in June) https://sec.report/Document/0000905718-20-001111/ +Most likely their short position is around the same or up to 7M in December, but I doubt they have a much larger position than that. + + +Melvin claimed that they covered their shorts on 01/27. GME’s price on 01/27 is ~$360, so it cost them about $2B to $2.5B to cover. This matches the bail they got from Citadel. Also LB, one of Melvin’s top holdings had a violent dip on 01/27 - this could mean Melvin had to liquidate some other positions to cover. Melvin has another SEC Filing due Feb 14 for December, so we will have a better idea about their number. + + +S3 reports that short interest reduced by 5M shares https://twitter.com/ihors3/status/1355194252674953219?s=21 on 01/27. This matches with the shares Melvin covered. + + +This means there are still 58M shares that are not yet covered. What we are seeing in the last couple days are the tip of the iceberg, the squeeze will be much more violent in the next couple days if we 💎🖐 + +I don’t think that many of these are new short positions because: +1. Shares are incredibly hard to borrow at this moment +2. Hedge funds tend to target low risk high ROI stocks. This means easy/cheap to short shares with negative sentimental + + +Bottom line: hold on tight 💎🖐 because we’re gonna go for quite a ride 🚀 🌕 +My price target: $20k + +Not a financial advice, just why I like the stock. +Is it possible for a parent to open an investment account in your child’s name once they are over 18 (UK) or buy shares in their name (cos kids don’t listen to you even when you’re giving good advice lol)? + +Edit: thank you for your kind assistance, however as one responder noted, my kids are over 18. I’m trying to get them interested in investing (they both pay into pensions and one has a LISA). As neither need anything for Christmas, I wanted to start gifting stocks and shares which I can add to each year. Any advice is truly appreciated +I'm new to this dividend stuff, I don't want to waste my money on the wrong stocks. Any good ideas on what type of stocks should I buy, or what should be my plan in able to grow my portfolio. +I am working on putting together a dividend portfolio following the model that Joseph Carlson lays out. Carlson advises to choose stocks with dividend yields 3% or higher. When taking a look at his portfolio, he holds several companies with dividend yields below this 3% benchmark (as low as .61%). + +Of the 20 stocks I've selected, 10 of them have yields below 3%. Is this advised? Should I keep these holdings and allocate my distributions to beat out 3%? Why 3%? +Full disclosure: the OP is holding both of these companies. + +CFG: 3.30% - a smaller bank commonly found in the north east. After the 2008 recession I have a hard time holding some of the bigger banks like BAC. + +CWEN: 3.50% - a clean energy stock. I’ve held numerous over the years and this has been one of my better finds. In the past year it has experienced sustained growth, which was a pleasant surprise. It’s close to ATH right now. It probably makes more sense on a watchlist until the price comes down a bit. + +I hope this helps someone who is tired of reading about the 10 most common suggestions. +I know for sake of security it's best to diversify your portfolio to help avoid huge losses. But I was using a dividend tracking tool and I found that with the same amount I have invested currently, if I concentrated it into only 2 stocks (MO and KO) I would almost double my current yearly dividends and in a 25 year time period go from a 30k portfolio to 129k. So, knowing long term I most likely would regret this, how bad of an idea would it be to do something like this short term to try and build a strong foundation, and then over time diversify to keep what I've gained? + +Edit: by 30k to 129k I mean in 25 years my current portfolio will be worth 30k with nothing but drip added and the 2 stock portfolio would be worth 129k with nothing but drip added. +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. +Gladstone Commercial has a good history for a REIT. Always maintains a non-inflation proof dividend whether it is covered or not and trades within a range for most of its history which, while not inflation-proof, still offers multi-year opportunities for buying the dip. Anyone who nabbed it in the last major recession did very well. + +David Gladstone also operates a couple of BDCs, which I have decided to pass on. And, it offers the LAND ticker, which I find to be extremely interesting considering they own over 800 million dollars' worth of productive land with only about a 300 million market cap. + +At any rate, Gladstone has decided to structure his companies as being foremost pro-shareholder for nearly two decades. Might charge high fees internal to NAV or might not. He does seem to be an old school businessman. I really like GOOD and LAND. The man is a leader who was perhaps overshadowed by leaders in technology this century. + +Not to sound morbid... + +But I'm curious if anyone has any insights as to what would happen if this man passed away. + +He seems to hold his companies together, but the man is aging. Are there covenants within his companies to guide future investment? Or would the reputed track histories die with him? If I invested in his companies and he were no longer here, would the companies be stripped for parts or would they be structured as they are to return shareholder value? + +Anyone have any insights for this favorite of retail investors? I wonder if his staff would care about shareholder return as much as he does if their business structure changed permanently. +Out of interest, I try to find out which stocks have paid the best dividends over a very long period of time. + +They should be so old that they were at best already there at the time of the Great Depression and hyperinflation, i.e. 100 years or at least 75. + +It could be interesting not only to see how the dividends have developed, i.e. who has been paying dividends for so long, but also which business models are so robust. + +Does anyone know of a data set that has studied this topic and could help me? + +I would be extremely grateful for any tips! +I will start with a classical disclaimer that I am a completely smooth-brained EU silverback. However, sometimes it happens that I have a spark in my brain and then I can generate a single smart idea like once in a year or smth. This time I think I cracked the 7 4 1 code, at least this sounds like a very good and simple explanation to me. + +&#x200B; + +[\\"GameStop Family\\"](https://preview.redd.it/9jhnsi505wh71.png?width=1868&format=png&auto=webp&s=0021dacfcbdd9d1deba2d38979d6f638d5c57cd6) + +As you can see here are 7 companies that together create a GameStop family. I think in 2021, GameStop is working on killing foreign retail branches of GameStop like EBGames (Canada), GameStopZing (EU) and Micromania (France) which will result in 4 companies remaining: GameStop, ThinkGeek, gameinformer and GameStop Gives. As the next step, they will merge everything into one company named just GameStop. This goes very well with the muted brand colors on GS socials. Ofc this is pure speculation at this point, but I think that 741 is a name of their strategy, something like "Plan 741" to get rid of the other sub-brands, being pushed by RC for better brand recognition worldwide. +Crisis has worsened. Caracas has electricity 24/7, the rest of the country has between 21 and 18h per day. + +Zulia state only has electricity 6h per day. + +Monthly minimum wage (Here in Venezuela a lot of people earn minimum wage) is 18,000 Bs. per month (One USD is around 3,500 Bs. fixed by the goverment and 4,500 Bs. street rate) that is like 80,000 satoshis. + +With my work and some extra money I almost have to pay for all the expenses of my parents, if not, they would starve. I'm living here BTW. + +https://coin.dance/volume/localbitcoins/VES/BTC + +https://www.bloomberg.com/features/2016-venezuela-cafe-con-leche-index/ + +https://dolarsatoshi.com/ + +Some people dont believe the MONTHLY minimum wage is around 5 USD, here is some proof: + +https://www.reuters.com/article/us-venezuela-economy/we-all-earn-the-same-venezuela-minimum-wage-hike-angers-skilled-workers-idUSKCN1M62OX + +You can see the minium wage here : + +https://www.reuters.com/article/us-venezuela-politics-wage/venezuelas-maduro-hikes-minimum-wage-300-percent-idUSKCN1P82E2 + +18.000 BS. per month + +And the official exchange rate is 3,302.24 BS. Per USD. + +https://www.france24.com/en/20190128-venezuela-devalues-currency-align-it-with-black-market + +You can see here is wages, a minister "should" earn just 36,000 Bs. per month which is less than 10 USD +https://www.costadelsolfm.net/2019/01/16/nueva-tabla-salarial-administracion-publica-enero-2019-obreros-empleados-y-altos-funcionarios/ +[https://www.reuters.com/business/finance/several-chinese-state-owned-companies-delist-nyse-2022-08-12/](https://www.reuters.com/business/finance/several-chinese-state-owned-companies-delist-nyse-2022-08-12/) + + SHANGHAI/HONG KONG, Aug 12 (Reuters) - Five Chinese state-owned firms including China Life Insurance [**(601628.SS)**](https://www.reuters.com/companies/601628.SS) and oil giant Sinopec [**(600028.SS)**](https://www.reuters.com/companies/600028.SS) said Friday they would delist from the New York Stock Exchange, amid heightened diplomatic and economic tensions with the United States. The companies, which also include Aluminium Corporation of China (Chalco) [**(601600.SS)**](https://www.reuters.com/companies/601600.SS), PetroChina [**(601857.SS)**](https://www.reuters.com/companies/601857.SS) and Sinopec Shanghai Petrochemical Co [**(600688.SS)**](https://www.reuters.com/companies/600688.SS), said in separate statements that they would apply for delistings of their American Depository Shares from later this month. The five, which were added to the Holding Foreign Companies Accountable Act (HFCAA) list in May after they were identified as not meeting U.S regulators' auditing standards, will keep their listings in Hong Kong and mainland Chinese markets. There was no mention of the auditing row in separate statements by the Chinese companies outlining their moves, which come amid heightened tensions after last week's visit to Taiwan by U.S. House of Representatives Speaker Nancy Pelosi. +**TLDR** *Your favorite Chinese stocks will be fine. [Nio](https://ir.xiaopeng.com/investor-faqs/default.aspx), [Xpev](https://ir.xiaopeng.com/investor-faqs/default.aspx), and BABA are all audited independently by Pricewaterhousecoopers. Earlier this year BABA's CFO said they [anticipate no problem](https://archive.fo/jSJOi) with complying with US regulations.* + + +* * * + +[WSJ reports](https://www.wsj.com/articles/house-to-vote-on-booting-chinese-stocks-from-u-s-over-audit-rules-11606518590?mod=searchresults_pos2&page=1) that next week the House will consider a measure that will force Chinese companies traded on American exchanges to follow American auditing rules -- or face getting delisted. + +This proposal has strong bipartisan support. The Senate version was passed unanimously. + +Reasons why it might not pass: + +* Wall Street firms have made $1.4 billion in fees underwriting these banks. +* [US pension funds](https://www.benzinga.com/trading-ideas/long-ideas/20/11/18377324/tesla-nio-nikola-zoom-stocks-the-largest-us-pension-fund-is-betting-on) own a lot of these Chinese stocks. +* SEC general counsel Dan Goelzer thinks this is a way for US government to gain "a lever" in negotiations. Indicating that they are not expecting to go through with it, but rather to use it to get some reasonable accommodations from China. + + +Good news: + +* If it passes it will give Chinese companies 3 years to comply. That's a long time for both countries to find some compromise. +* The worst case scenario is that the Chinese companies will fold your shares into the Hong Kong Stock Exchange. So you can still trade if you're on a platform that works with the HKSE. So no one is going to lose their shares. +* Rules like this may prevent future Luckin Coffee incidents. The increase in public trust in Chinese stocks might actually help their companies grow in the long run. + +The biggest companies hit will be the directly state-owned companies. They will probably never say yes to US auditing. You can find a list of China [state-owned companies here \(PDF\)](https://www.uscc.gov/sites/default/files/2020-10/Chinese_Companies_on_US_Stock_Exchanges_10-2020.pdf) -- they are the companies with asterixis next to their names. + +Note the most popular Chinese stocks are not state-owned: BABA, JD, PDD, NTES, NIO, TME, YUMC, IQ, LI, XPEV, WB, DOYO, JKS, NIU, KNDI, and BYD. + +**Analysis** + +When this news hit the general public on Monday, you will see at 3-5% drop in some Chinese stocks. People are not going to read the entire article. They are just going to read the headline and start panicking. I think this represents a good opportunity to buy the dip on some of these companies, especially BABA -- which is criminally undervalued, and BYD -- the best EV play and Warren Buffett stock that no one is talking about. + +Our favorite meme stocks like NIO and XPEV are going to be fine. These companies are looking forward to penetrating the American market -- they are not going to jeopardize their relationship with America by refusing auditing rules. +Hi so I'm 19 and receiving $70000 from inheritance, I'm not sure what to do with the money, I won't be moving out of home till next year for studying and will need money for that. I have no debt and very little overheads, I'm not sure how to invest the money or save it to get the most out of it, do I open up a vanguard account? What would I invest in? Should I just put it in a savings account. I don't come from money so I don't know what to do, I've grown up dirt poor and want to try to make the most of it. I have a crappy car that gets me from a-b and I learnt to fix cars on so I don't want to replace it because it does its job, my mother doesn't charge me rent or food or anything, I lost my job recently as the place I worked for shut down due to lack of buisness. So I would like to try to make the most out of the money I can before the year's end and continuation to be able to afford to study full time and buy needed materials for my course I will be moving to Melbourne if that helps or not.... + Thankyou for helping + +Edit; thanks guys really appreciating the help! +I was just wondering because sometimes life gets a bit messy and things happen that seem to take over everything. + +what tips or things you might do to prioritize and manage everything. + +I have looked into automated payments for utilities and some offer this or they provide an online service that ends up costing you money to use.. they can save time but I worry about giving them withdraw permission from my bank account considering that utilities are now the prime targets of hackers for that reason. + +Much of my investments handle themselves to some extent .. I like to go long term and CDs I have roll automatically so I just have to watch for notices. + +A lot of things unfortunately though do require constant monitoring or intervention which can take many hours a week... I will normally try to reserve that to a single day when possible and do as much of it as I can all at once. + +also there is the problem of still working part time at my own selection of hours... and taking care of everything in the home. + +In all it can be physically tiring with all of the mental effort that goes into it. Even if it doesn't take a full day it ends up with me being shot for the day and unable to get much else done. + +&#x200B; +This is not a normal thing for me. Who do I talk to that can help me put money into passive income generating opportunities? Would it be accountants? Financial planners? Somebody else? + +And, can you qualify the answers a bit? For example, maybe I should talk to an accountant about finding investment opportunities. But, I really, really doubt that an accountant from H&R Block in the strip mall next to Walmart is going to be the right person to go to. +I am a college student and I was wondering if not being able to pay my rent would affect my credit in any negative ways in the long term. If there is a period where it would not due to the national emergency, is there a time where this “grace”period will end and it will start affecting my credit? +I just turned 23, my wife and I have almost hit our one year anniversary, and I’m currently working a blue collar job that takes home around 40k. My wife works occasionally by babysitting and such. She’s about to start a new, full time job. We don’t have any kids or credit card debt (both terrifying). + +Currently, my wife is the only one with student debt. We’ve set up a plan to tackle it slowly, yet effectively. I have a car loan that I’m almost finished paying off. We live mostly off of my income and we’re pretty frugal. We live in an apartment and the cost of rent, with utilities and all, comes up to about $1K a month. + +All in all, we’ve saved about 10k together this year. I put our savings in a High Yield Savings Account. She’s about to start a new job that pays around 45k, which will be sweet. So most of her income will be able to pay off her school and also go to savings. + +I’m just looking for savings advice. Now that we have our emergency fund taken care of, should I start putting money towards investing? Or a 401k? + +Any information would help. Im not really sure where I “should be at” savings-wise or if we’re being smart. I’m trying to set us up for success. Thanks +Just look at the amount of coverage GME is getting across all media mediums. + +They want you to be sitting around the dinner table while family asks you about GameStop and makes you feel like a fool because they are bitter with their own lives. + +No one likes to step in our way and tell us we are wrong like family. They are trying to divide your house, that is how far they are willing and wanting to go. They want you segregated. +There is a lot of hype for dates and things to happen to kick off the MOASS and I feel some may have lost sight of the 1 thing that is most important. "We can stay retarded longer than they can stay solvent." BUY and HOLD. There doesn't need to be a catalyst. RC has already done the most important thing by making sure there is absolutely 0 chance of gme going under. No matter how long it takes, these MFs WILL be bled dry. Nothing else matters. Never did. Never will. See you on the moon. +I don't suppose that using the credit card only for a 10p purchase every month would have the same effect on your credit history as spending hundreds of pounds, assuming you pay back in full every month. + +But what is the min amount that would be effective in building credit history? + +Is it a case more spending = better? +So like many I spent my teens and majority of my twenties buying lots of stuff just... Because? Lots of pointless purchases on stuff I didn't really need but also a lot of the time didn't even really want. + +Cut to the last few years and becoming more interested in finance and I'm cutting back on needless spending to maximise savings. However, I'm also getting more personally interested in minimalism and the idea of not just buying stuff in an endless cycle because that's what capitalism tells you you're 'supposed' to do. Not saying I'm becoming an extremely frugal monk-type, but more thinking about the things I really need and bring me happiness! + +The only thing is I'm finding it's hard to break free from the impulse to buy cheap and look for a bargain, something that's been amplified by spending my early twenties in low-paying jobs. I'm also aware that probably 90% of the brands I've bought from growing up are terrible to people and the planet. I want to make more of an effort to buy things that are quality and will last, and are more ethically sound, but it's like I don't even know where to start! Years of advertising and shopping and it's hard to break the habit. + +So... How did you move on from the 'buy cheap, buy twice' mentality? What brands are a go-to for you to get long-term quality? Where do I even start?! Any wisdom welcome. +* AMD = OG YOLO +* IV near all-time low (cheap options) +* SP at 20% discount to analyst consensus +* Advanced Mooning Devices +* They destroyed 4Q20 Earnings +* AMD Guided to the Moon for 2021 +* Sue Bae + +RIDE WITH ME TO VALHALLA + +Positions: + +[300x AMD 02/19C 89.5 @ $3.49](https://i.imgur.com/TT4nnRp.png) + +[286x INTC 02/19P 40 @ $0.10](https://i.imgur.com/TT4nnRp.png) because FUCK INTEL + +This is not investment advice, but here are 69 rocket ships: + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Edit: [Update here](https://old.reddit.com/r/wallstreetbets/comments/lgx0fn/amd_105k_yolo_dd_update/) +I called Fidelity bright and early this morning to transfer most of my remaining xxx shares. This is before 8 AM EST and there was a short wait. Once the call was answered by the rep, he tells me that he can help with this. He starts the process and I am thinking, this is too easy and just then he says something about me having to call the "Stock Plan Account" team! I was confused. I asked why? He said, this account is a "Stock Plan Account" and asked me if I worked for Gamestop, etc. I said no. Now I do have an old Employee Stock Plan account (with my current employer), but no longer active. This account has been sitting dormant since at least 2016 if not earlier. This account is still dormant. + +The only way he can transfer these is once I spoke to the Stock Plan team and have them remove the designation. I then say - but, but.. I recently transferred xxxx shares to Computershare not too long ago and it worked fine then. He asks me when that was. I found the date of transfer and gave it to him (he probably saw it too). He still insisted that I need to get the account type fixed first. + +So I ask him this last thing before hanging up - If i understand this correctly, what you are telling me is that between Sept 10th (fake date as to not doxx me... also the date of last transfer to CS) and now, my account somehow mysteriously changed to a "Stock Plan Account" without my knowledge or consent and that for me to be able to transfer shares out of here, I will first have to clean this up? Rep: Yes, thats correct. If you like I can give you their number. They wont be in till 8 AM EST. + +I took the number and intend to call back. Will keep you guys posted. + +&#x200B; + +DRS: Don't give them "one more day"! + +EDIT1: So, I call the Stock Plan Account team. So the first thing the rep tells me is that I can definitely transfer to Computershare from that account as long as its not the company stock I want to transfer. He asks if I want to go ahead with the request. Ask me how many shares and I give him the number (xxx, leaving xx back in fidelity... for now). He tells me right away, Oh, I only see xx available to transfer. I mumbled, maybe the rest are lent out? He gave me the cash account not lendable speil. Sure. But it has happened before and Fidelity can just pay a fine later for mistakenly lending out cash account shares. He insisted that Fidelity does not lend out cash account ... blah blah blah. I listen to it and am courteous the whole time and am just trying to understand what is going on. But at this time, you can tell he is flustered a bit. Not sure why I did. + +Anyways, he puts me on hold, while he checks with the back office. + +Comes back a few mins later and tells me that the reason he was not able to see the xxx shares available for transfer is because there was already a request to get that transferred. At this time... I perk up! This is how the rest of the conversation goes: + +me: That is interesting. I was specifically told, less than an hr ago, that this request cannot be put in because I have a Stock Plan Account and that I need to speak to the Stock Plan Account team to get this cleaned up before the request can be processed. + +Rep: Sir, the request is in. What else do you want me to do? + +Me: {RepName}, Thank you for that. I appreciate you helping me out with what I had called about. But, I am just trying to have a conversation here and understand what really happened. You are telling me that this request has already been put in when I was specifically told earlier that it could not be done without speaking to this team. + +Rep: Sir, Fidelity does not lend out cash account shares. Do your research. Gives me the share lending spiel again. And then visibly flustered... wanting to hang up asap... tells me, I am not sure what else you want to do. You called with a request to transfer these shares and I am telling you the request is in. You should see these moved out of your account come Monday. If not, then give us a call back. + +Me: {RepName}, again.. i appreciate your help. You are not getting my point though. I am not sure why you are all flustered about this. I am just asking a question as to how this could happen and I not know as the owner of the account and shares (even though, i know these are not my shares until DRS'd). How can this request have been put in but I am told otherwise. This just does not sound right to me. I mean, how can I trust fidelity with these accounts of mine. + +Rep: /Very very flustered. Sir, I am telling you now, the request is in and if this doesnt get moved over by Monday, give us a call. Fidelity does not lend cash account shares. Do some research, i think you might have got your information wrong. + +Me: How can I do my research. There is nothing out there, except for rules. Those rules mean nothing without proper enforcement. Based on research, Broker/Dealer, MM, etc. make these kind of "mistakes" all the time and pay a small fine down the road with a "oopsie, looks like I messed up. Here take a fine and we can call it even". + +Rep: Sir, fidelity does not do that. Your request has already been submitted and there is nothing else I can do here. + +Me: Can I have a confirmation number? I don't see a message either in message center. Last time I initiated this I received a message in the Message Center. + +Rep: There is no confirmation number. Give us a call back if its not out of your account by Monday. + +Me: But, but, I do not want to call back Monday. I don't want you to have "one more day". + +Rep (very upset): Sir, I did not say to call us monday. I said, call us monday if this transfer has not gone through by then. + +Me: OK fine, I am not going to drop this. So rest assured, I will be calling monday... (he cuts me off here). + +Rep: Sir, Again, Do not call us monday... thats not what I am saying. I said, call us monday if this transfer has not gone through by then. + +Me: Sure. Thank you. Appreciate it. + +Keep in mind, this whole time, the guy was very flustered... especially after he came back from the hold. He did not want to have a reasonable conversation with me. I even reminded him a couple times there... "why are you getting flustered, I am just asking a reasonable question... the question is, how can there be a request already in process when me, as the account holder, and the beneficial owner of these shares am not aware of it. I was specifically told this request cannot be put through. And then less than an hr later, I am being told, that the request is already in and thats the reason why you cannot put in another. That is all I am trying to wrap my head around". He did not have anything to say. Just gave me the cash account lending spiel. + +I will report back Monday what happens. + +Till then.... + +&#x200B; + +Say it LOUDER!!! + +# DRS: Don't give them "one more day"! + +&#x200B; +I just find it more effective to use support and resistance when trading. I just find other indicators like MACD and RSI to cloud my judgement sometimes. Anyone here who use the same trading style like me? +🚀 **Good Morning Everyone!** 🚀 + +You can get my updates on Twitter as well [@ Corno4825](https://www.twitter.com/Corno4825) + + 🚀 **Live Thread** + +**4:15 Update** + +So technically it finished sideways, but there was a stupid spike of volume in the last 2 minutes that I have no idea wtf that was. + +It's probably important. I'm sure reddit will figure it out within the hour. + +Current Price: 169.70 + +**3:45 Quick Update** + +Rebound 170 + +Sideways + +170.77 + +**3:10 Update** + +GME has been under bombardment now for almost an hour and a half. GME has been pushed as far down as 165, though there is a rebound at the moment. + +How long will these attacks continue? + +Current Price: 166.81 + +**2:40 Update** + +Another attack breaks the 170 line. I feel like it's been a while since they've tried attacking this late into the day. It seems they are trying to establish ground before the battle tomorrow. + +Max Pain Theory suggests that this will rebound back to around 180 by the end of the week. We'll see if they're able to keep the price down. + +Current Price: 168.97 + +**2:20 Update** + +I'm back just as things are getting spicy. massive attack underway right now as GME drops at least $5 to the 170 line. We will see if this line will hold or if GME will continue to go down. + +Volume has kicked up, so it looks like some moves are being made. Let's watch and see what happens next. + +Current Price: 169.81 + +**12:58 Update** + +We're still trading sideways. Here is Banjo Mooseheart waiting for the hedge funds to cover their shorts. + +https://imgur.com/gallery/j6LkJRN + +Every night, he tries to cuddle under the blanket. After about 10 minutes or so, he gets too hot and leaves panting to lay down by my feet. This happens every night. + +Current Price: 176.00 + +**11:54 Update** + +GME is slowly making it's way back up. Volume has died. Another day of coiling the spring. + +There is an overwhelming desire to hear more about Banjo Mooseheart. I'll submit a picture during lunch. + +Banjo is a teenager in dog years. His personality has developed into one that loves to have fun and get attention. He loves people and walks. He does have some trauma that prevents him from interacting with other dogs in a positive manner, but we are working on that every day. When Gamestop skyrockets, we'll be able to pay for a trainer to help us develop the best life for him. + +Current price: 176.71 + +**11:01 Update** + +My favorite part about this attack is that on the graph it may looks pretty significant, but the scale is really small. + +GME is only down 1.5% from yesterday's close. I really don't think anyone is convinced that people are selling due to the news of Cohen becoming chairman. + +If the Max Pain Theory is good, GME will probably hang around here for a bit before making it's way back up towards 180. + +So in short, we're probably trading sideways again today, though there is enough volume for an interesting day. + +Any topic requests? I have no idea what is allowed on this sub, so please don't get me banned. + +Volume: 4,100,000 + +Current price: 176.00 + +**9:58 Update** + +I swear to God that the HFs don't know any other strategy than attacking at opening bell. + +As y'all can see, GME has ALREADY recovered. + +There is a decent amount of volume, though we'll need to see if that continues. + +Many are asking about Max Pain Theory. If I understand it correctly, the whales are purposefully keeping the price at this level. The reason is that they want to keep volatility low and lower option prices and this is the point where options are least impactful. They do this for a certain amount of time until options become cheap enough to buy a TON of call options at one point so that they can force a huge Gamma Squeeze. + +There better explanations and I know I'm probably wrong in some form, but that's the best I got. + +Volume: 2,600,000 + +Current price: 181.20 + +**9:14 Update** + +Premarket is staying steady since my last update. + +~70,000 shorts ( including Synthetic) were borrowed so far this morning. + +As always, expect an attack at opening bell. + +Shorts available (including synthetic): ~386,000 + +Current price: 185.35 + +**8:13 Update** + +Ryan Cohen is going to be Chairman! GME has gone up over $10 since the announcement, however it's only back to the Max Pain threshold. If GME stays in this area, I think it becomes very clear that the whales are fully bought into the Max Pain Theory. We will see if there is a major volume shift and an upward swing in price today due to the news. + +Current Price: 184.75 + + 🚀 **Morning Report** + +**Ryan Cohen to Become Chairman of the Board** + +[Link to SEC Filing](https://gamestop.gcs-web.com/node/18776/html) + +This essentially confirms the Bull Thesis. The only thing left at this point is the execution of the plan. + +**Option Chain** + +[Link to Excel](https://docs.google.com/spreadsheets/d/1v4i13Yec7AFpby3sfonaAfzfcmLf8DrTj9nLYy1r7wk/edit?usp=sharing) + +Graphs - [1](https://puu.sh/Hws3r/737d32d648.png), [2](https://puu.sh/Hws3u/7ba55b69be.png), [3](https://puu.sh/HwscT/af9d154aa0.png), [4](https://puu.sh/Hws3m/381dc8cb45.png), [5](https://puu.sh/Hws3i/0a184e92d4.png), [6](https://puu.sh/Hws3f/061a3547f6.png) + +Balance and Max Pain Point - 180 + +First Major Bull Milestone - 200 + +First Major Bear Milestone - 150 + +There was a significant increase of puts bought between the 175 and 144 strike points and the 80 and 55 strike point yesterday. This along with the shorts might explain the drops that we experienced yesterday. + +There actually wasn't any significant buying of call options, which may signal that the whales are sticking with the Max Pain Theory. With the announcement of Ryan Cohen to the board, however, we will see if there is a change to that strategy. +I made a post here venting about my brother buying his kid $1k shoes while he dosent have $100 for an emergency. Someone commented saying this was a hood budget. Basically, a hood budget was spending money on non essentials while having nothing to fall back on. + +What has been the most gross example of a hood budget?? + +I have seen people making minimum wage, on food stamps and having a brand new car with a $600 car payment. + +I have seen my sister spend $500 on extensions while she dosent have $100 for an emergency. + +I have seen my brother buy his kid $1k shoes when he doesn’t have $100 in emergency. + +I am not shaming anyone, I am just interested in seeing other peoples experiences. +Just to make it super fucking clear for the hedge cunts and shills that may be thinking about going after DFV: + +All Keith Gill has done from day one is share his opinions. He has not given marching orders. He has not asked anyone on Reddit or Twitter or YouTube to take any particular financial action. All he has done is share his personal beliefs and decisions in a public forum. Any arguments aiming to paint DFV as a market manipulator or the orchestrator of a pump and dump will fail miserably and reveal those behind them to be beyond disingenuous. + +What I’ve said above is clear to anyone who has more than two neurons to rub together. The guy found a value play, shared his opinions about it with the public, and a bunch of folks happened to agree with him. That’s it. That’s all that happened. + +I’m sure others have put similar sentiment out into the Reddit-verse. I’m just adding my assessment to the mix in the hopes that any entities engaged in information mining on this sub for the purpose of construing DFV’s actions as some sort of market manipulation will be forced to confront the fact that the vast majority of people on these forums deny such a narrative. + +I’ve simply been doing what I think is best. +Greetings UK Redditors! + +I'm an EU citizen that just moved to UK. I'm an engineer in a niche field so I got a good job easily. The problem I encountered is that it seems that I can’t open a bank account… + +Let me explain: HMRC is not assigning new National Insurance Numbers since April. None at all. When I call them there is an automated message saying that they stopped assigning those and there is no timeframe when they’ll restart the process. My employer made me fill that “Starter Pack Form” which they say is enough for now. + +My EU ID and passport apparently are fine as proof of identity but any bank requires a letter or payslip with my NIN confirmation in addition to any proof of address. It got even more ridiculous as most of the agreements that could be the above mentioned proof of address, with my UK address on it, (like tenancy agreement) have digital signatures, because no one is doing anything now face to face (doh… covid) and they all really want wet signatures. + +Sooo, is it even possible to open a bank account in the UK now for new residents? + +Thanks in advance for any help! + +Cheers! + +**Edit:** Thank you SO SO much everyone. Lots of really helpful comments here, I very much appreciate all of them, you are all amazing. I'm posting this edit for everyone who might need it in the future. + +While I couldn't open the account in any of the traditional banks, and somehow Monzo immediately rejected me (which was explained in more detail below), I managed to open with Starling. It did, in fact, require a proof of address but they accepted digital tenancy agreement and a letter confirming my employement with my address on it. Therefore I call it a success. Thanks everyone! +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +*gobble gobble'n up those shares* 🎃🦃 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +I know the usual suggestions here are index funds, rental properties but what else do you guys invest in? Even in the above 2 categories if anyone can share any specifics, I would appreciate it. Looking to see where can I diversify my portfolio and what all can I get while I look for my niche. Thanks! +My husband and I are having a really hard time sticking to a budget when it comes to food shopping/grocery stores. We start off really well, but by the end of the month we go way over. I try to aim between $600-$800 a month. I do include diapers, wipes, etc into this cost and other dry goods (food, dog food, or misc items). Should I separate these costs? It feels impossible to stick to something when there’s always unexpected costs. We only stick to buying things we need and use. How can we just stick to the allotted budget? I try to just say “no shopping once we hit it!” But then we need diapers or something. Any advice? +Saw this in MSE's weekly newsletter and thought it may be of interest to people in this sub both new and old. + +[MSE's Academy of Money](https://www.open.edu/openlearn/money-business/mses-academy-money/content-section-overview?active-tab=description-tab) + +*The Open University has joined forces with MoneySavingExpert (MSE) to produce this new free badged course to give you the skills and knowledge to master your finances.* + +*This free course lasts 12 hours and is comprised of six sessions. You can work through the course at your own pace. The six sessions are linked to ensure a logical flow through the course. They are:* + +1. *Making good spending decisions* +2. *Budgeting and taxation* +3. *Borrowing money* +4. *Understanding mortgages* +5. *Saving and investing* +6. *Planning for retirement* +So after my BA happy meal, and catching the bottom thanks to you guys, I got more into options, and paper traded SPY puts with different time and strike, to learn a bit. + +Now looking at it, I see the most imaginary gains I have on SPY $100 puts 6/19. I believe than rather people go out on the streets and burn the white house than SPY goes below 100$ this year. I'm not oracle tho. + +So I'm just thinking if I should buy a similar option, and be happy that it "went up 50% a day" but no one would buy this put from me, or it's like broker's problem or CBOE would buy it from me through my broker?? + +IF someone is interested in what I've tested: + +SPY $180P 04/17 +45% + +SPY $175P 05/15 +33% + +SPY $150P 06/19 +38% + +**SPY $100P 06/19 +36%** + +SPY $025P 06/19 -50% +🐱Busdkitties is the first BSC Token that rewards you with a high BUSD redistribution. The team behind it is experienced and has already worked in other crypto projects. With this community-driven project they aim to create the next long-term investment landmark. + +**15% Buy Fees:** + +• 12% fee automatically distributed to all the holders in BUSD + +• 3% fee is sent back to the liquidity pool + +**18% Sell Fees:** + +• 13.5% fee automatically distributed to all the holders in BUSD + +• 4.5% fee is sent back to the liquidity pool + +🐳**Anti – Whale System** + +Token provides an anti-whale system to protect each investor, gran-ting less centralization of wealth and power. There is a fixed limit for the maximum number of tokens owned by each holder and there is a maxi-mum transferable number of tokens for each single buy, sell.This way it is impossible for a holder to control a high percentage of the supply (those holders are usually called whales) and it is impossible to have single large sell or buy that will make the price fluctuate significant-ly. + +**Maximum Buy Amount**= 4,000,000 BusdKitties (0.4% total supply) + +**Maximum Sell Amount**= 1,000,000 BusdKitties (0.1% total supply) + +**Maximum Token per wallet**= 15,000,000 BusdKitties (1.5% totalsupply + +On their roadmap there are many exciting milestones: + +They have already applied to CoinMarketCap and Coingecko, once listed they will ask to be listed first on some minor Exchanges and then will ask for listing on the major CEX and DEX. They will **build own Decentralized Exchange (DEX)** to facilitate the purchase of our token and trading other pairs (already in development). BUSDKitties they also have its own **NFT Marketplace** were people will be able to trade community made NFTs, also featuring a rare NFTs collection made by the BUSDKitties Dev Team. Another use case will be a Gift Card marketplace on the Binance Smart Chain, soon you'll be able to **buy Amazon Gift Cards using BUSDKitties**. There will be a **governance system** to make the opinion of each holder count and it will be possible to vote **for adding new utilities**. + +Exciting updates: + +• They have now released out official whitepaper + +• Website is now live + +• They have been endorsed by Max Felicitas !! + +• They have been endorsed by Arabgt 2.0 !! + +• **PRESALE FILLED IN 2 MINUTES TODAY!!** **(8PM UTC)** + +• Huge marketing campaign ahead with youtubers and influencers + +&#x200B; + +🔒 **LP LOCKED** 🔒 + +🥞Available on PancakeSwap v2 + +📈**Contract is thi**s : 0x3c1f4ea71af9cf120115cd74b2d0c08e075b9d3d + +📱Telegram Official: [https://t.me/BusdKitties](https://t.me/BusdKitties) + +🐦Twitter: BusdKitties +Can anyone tell me if volatility crush will be a problem in the following scenario? + +- The options have an IV of 100% +- The stock falls from $66 to $22 in 3 weeks +- You buy OTM calls at the bottom of the dip. The calls have a strike of $44 and 90 days till expiry. +- The stock doubles in the next 4 weeks. + +From what I have read, volatility increases during dips and decreases during rallies. Therefore would I be paying extra for volatility if I buy OTM calls at the bottom of a massive dip? And would that volatility premium disappear as the stock recovers? +Let me guess, after quadruple witching failed, you guys all went to sleep during the weekend thinking this week our lambos and teslas will be printed by the end of this week huh? + +Let me guess, you also couldn't wait for this coming monday to huh? thought it was going to be blooody monday huh? + +Let me guess, you had one or even two circuit breakers planned for Monday huh? + +Let me guess, those so called 'diamond hands' you have are starting to deteriorate into 'paper hands' + +Let me guess, your asshole is clinching every time you look at your portfolio? + +Do me a favour... GROW A PAIR YOU FUCKING PUSSY. You think we came this far to fold? From getting fucked quadruply from witches left right and centre, getting fucked by the stimulus bill every week, getting fucked by retarded bulls week in and week out. You think we're here to fold? YOU THINK WE CAME THIS FAR TO SELL BEFORE APRIL? + +**ARE YOU DUMB OR ARE YOU DUMB?** + +do me a fucking favour, go to the closest mirror thats in your vicinity, loook in the mirror and slap yourself so hard that theres an echo in the room. Slap yourself so hard so you realize that your not drunk, its the markets. We will wait for the markets to sober up, we will wait when the president shuts down the whole country, we will wait when the unemployment numbers come out, we WILL follow suit with italy's economy and europe's economy (unfortunately), we will have more cases and panic.. this fucking list goes on. + +**BIG RALLY = BIG FALL** + +Remember, it doesn't matter how much money the feds offer coronavirus, the ronazz will keep on taking. We gave that bitch TRILLIONS and she still wants more? Us fucking bears realize that whatever amount of money we offer the ronazz it wont be enough. the ronazzz wants the WHOLE FUCKING WORLD, not a couple of trillions. SMARTEN UP BEARS. You weak bears are embarrassing us running around this forum crying that your puts are down. + +ANY SPORTS BETTORS OUT THERE? + +Sports betting (live odds) = options trading, IMO. Except live odds are priced in with time decay, and the greeks priced in with point spreads, better qb, better coach.. etc for sports. lets play football NFL for example: + +**APRIL PUTS BAG HOLDERS WE ARE IN THE FUCKING SUPERBOWL RIGHT NOW** NOT MAY HOLDERS OR JUNE BAG HOLDERS. WE ARE. APRIL FUCKING HOLDERS. + +WE ARE ONLY IN THE FIRST QUARTER. FIRST HALF. NOT EVEN IN THE SECOND HALF YET. + +The fucking superbowl **HALF TIME SHOW**(country lockdown, unemployment numbers, aggressive testing, supply chains disruptions, earning and sales) **HASN'T EVEN FUCKING STARTED YET** + +**HOLD THE FUCKING LINE.** + +**TL/DR** bears panicking right now, do me a ANOTHER favour, go to the fucking washroom, open up this link [https://www.youtube.com/watch?v=9ikSfs9LETc](https://www.youtube.com/watch?v=9ikSfs9LETc) and stare at the mirror and follow what hes doing in the song. BEAT YOUR FUCKING CHEST HARDER AS THE SONG PROGRESSES, HUM LOUDER, BELIEVE HARDER AND STOP BEING A FUCKING PUSSY AND .. + +**HOLD THE FUCKING LINE.** + + + + + + + + + + +EDIT#1: positions like a true fucking retard IM ALL IN BITCH + +[https://imgur.com/put52tZ](https://imgur.com/put52tZ) + +[https://imgur.com/FABUomU](https://imgur.com/FABUomU) + +IT DOESNT GET MORE RETARDED THAN THIS BOYS. 2k -> 37k -> 11k. IM NOT FUCKING SELLING + +**HOLD THE FUCKING LINE. SCARED MONEY DON'T MAKE NO MONEY. DIAMONDS FUCKING HANDS.** + + +EDIT#2 so much vaccine talks/cures. let me tell you something. I was alive when sars got introduced to the world. CV is even worse. they are both from the same family, the same strain. if we had a vaccine or a cure or something to suppress its rapid growth, we would have it by now and we would be working on a vaccine towards CV. reality is, they don't have one. everything is trial and error right now. clinical research trials takes years to produce and test. they are not going to come up with a vaccine before summer. stop being naive. look at the hard core facts with sars. there is no cure. + +EDIT#3 AS OF 2:22 PM (LITERALLY 3 MINS AGO) **The number of confirmed coronavirus cases in the U.S. has surpassed 50,000, or 12.3% of all known cases worldwide** +My daughter has been employed at her current job a little over a year. She belongs to a union and they are currently renegotiating the contract. + +My daughter began reading the current contract and discovered that there is time deferential pay of an additional $1 or so for working between certain hours. All her hours worked for the last year qualified for this pay increase along with many other employees who haven't received it since like 2020. + + Apparently new positions were created back in 2020 and the information was never added to payroll for the new group. Noone noticed all this time. +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://indiainvestments.wiki/discord) and seek answers to your queries + +If you're looking for reviews on any of these following, follow the links: + +- [which bank or brokerage to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +- [which fund house is more capable and trustworthy](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +- [which investing platform to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), +- [which insurance company is reliable](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) + +Generally speaking, there is no best stock, or fund, or bank, or brokerage, or investment platform. + +Answers are always subjective to your personal needs, but use those threads a starting point for you to look at what other Redditors have to say about a company, product, fund, or service. + +You can then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is _I got 10k INR, what do I do to get most returns out of it?_, or anything similar; there is no single answer to this question. But we will also need A LOT MORE information if we are to provide some sort of answer: + +- How old are you? +- Are you employed/making income? +- How much? What are your objectives with this money? +- Do you have any loan, or big expense coming up? +- What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it's 100% safe?) +- What are you current holdings? (Do you already have exposure to specific funds and sectors? Have you invested in equity before?) +- Any other assets? House paid off? Cars? Partner pushing you to spend more? +- What is your time horizon? Do you need this money next month? Next 20yrs? +- Any big debts? +- Any other relevant financial information about you, that will be useful to give you an informed response. + +Beware that these answers are just opinions of fellow Redditors and should only be used as a starting point for your research. This is **NOT** financial advice, in legal sense of the term. + +You should strongly consider consulting a registered fee-only financial advisor before making any financial decisions. Ideally, such advisors should be registered with SEBI, and have a registration number. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1). +So, you have thought about investing in mutual funds but don't know how to start. Congratulations, because [getting started up is the hardest part](http://www.bankers-anonymous.com/blog/getting-started-the-hardest-part-of-investing/). + +For investing in mutual funds, you will have the following options: + +**A. Invest through an agent.** They can be individuals, someone living close to you, OR they can be big institutions like banks or Fundsindia. + +* The advantage is that they will do everything from their own side and you will just have to sign few papers and that is it. +* Disadvantage is that you will be investing into regular plans of the mutual funds and lose out on the cost benefit of the direct funds. The regular funds pay back some fees directly to the agent. + +Steps: Call your agent and sign the forms. + +**B. Invest directly with the AMC.** + +* Advantage is cost advantage. +* Disadvantage is that it can be a bit tedious. I mean just look at those steps. + + +####Step 1: + +If you are first time investor then you will have to fill up **two forms** and **a cheque**. I will advise you to select a single fund to start up the process and then add more funds as per your needs. So, start with a basic equity fund and with 5k amount (the minimum needed to start up) and then start your SIPs later on. + +If you are ok, then you can start up the SIP from the word go too. That will add up one more form (I mean 3 forms). + +*Form 1: KYC form -* + +1. You will need an identity proof - use PAN card - self attested. +2. You will need an address proof - use any of the available one. +3. Get the intermediary seal-stamp from your banker/RM/Personal Manager. No need for any agent (although they are allowed to do so). On the form as well as the address proof. +4. You will need to do an IPV (=in person verification) at the AMC/CAMS/Karvy centre, so you cannot send by post. +Any future change in KYC details will have to be done with IPV mostly. +The bank details will be set according to the first form you fill. If you need to change / add another bank account, you will have to send by post, a cancelled cheque and the relevant form. +Call the AMC’s toll-free number and clear your doubts, if any. + +*Form 2:* Common Application Form for Equity funds – you can get a copy from the local centre or you can download and print the relevant pages (not the whole thing). + + +####STEP 2:#### + +Get the forms and a cheque to the local AMC office / Karvy / CAMS centre and submit. Don’t forget to tick mark the online access section and give your email id and mobile number. Do call up their toll-free number to confirm the documents needed before going there. I have never been able to get things done in a single go – try to break that record. + +####STEP 3: + +Once your account has started up and you have been allocated the units of your mutual fund, start the online access. In most cases, they will send a physical PIN/HPIN/Password in post, which may take 7-10 days, but once you have got that, investing will become very easy. + +Once you are an existing investor in any mutual fund company, you can start a new fund just by filling up the form with a cheque. No need to do KYC again (till SEBI re-requires it – they are pathetic sometimes.) + +For Franklin Templeton AMC, you can have a look at [this page]( http://www.franklintempletonindia.com/en_IN/investor/buying-our-funds). + +----- + + +EDIT: A recent article from ValueResearchOnline on the same subject - https://www.valueresearchonline.com/story/h2_storyview.asp?str=28708 +Tata Motors shares fell as much as 14% in intraday trade to Rs 183—a level last seen on 2 January 2012. + +Tata Motors shares on Tuesday slumped over 14% to hit a near seven-year low after Jaguar Land Rover reported a 12.3% decline in global sales, and announced shutdown of its West Midland plant for two weeks due weak global demand. + +... + +Of the analysts covering the stock, 29 have a “buy” rating, nine have a “hold” rating, while three have a “sell” rating, showed *Bloomberg* data. + +Link: [https://www.livemint.com/Money/crOseOEoIGdmDnRCvaw5qN/Tata-Motors-shares-hit-near-7year-low-on-weak-JLR-sales-te.html](https://www.livemint.com/Money/crOseOEoIGdmDnRCvaw5qN/Tata-Motors-shares-hit-near-7year-low-on-weak-JLR-sales-te.html) + +&#x200B; +You can discuss something like these, ITT: + +- What brokerage are you using currently? + +- Is the brokerage structure suitable to your needs? + +- How is the availability of the brokerage service? + + Do you experience issues with login/authentication? Do you experience issues with posting trades to NSE and BSE? Do you experience issues with executing trades at NSE and BSE? + +- How do you rate the brokerage reports provided by the brokerage house? + +- How are the ancillary products and services provided by the brokerage house? + +- Do you use Smallcase to manage your portfolio, and how was the service? + +--- + +You can ask for a general review of a particular product, or service that you are researching - _Is X good? Is it recommended for long-term delivery trades?_, but please avoid asking for personal advice. + +The discussion is for consumption by a broader audience. For advice regarding your personal situation, the bi-weekly advice thread is recommended. + +Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newer members to evaluate customer experience with these products. Please confine the thread only to reviews or requests for reviews of products and services. + +[Previous Links](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new) +Not sure how relevant to India but we have similiar recommendations even in this sub. Felt this might be interesting for you guys. + +> At first, few noticed the trickle of money out of funds run by star money managers into cheaper index products. But now, no one can ignore the flood. The exodus from active funds has sent fees inexorably lower, led to the loss of thousands of jobs and forced large-scale consolidation among firms. That’s pushing the industry, with $74 trillion in assets as measured by Boston Consulting Group, towards a shakeout where only the strongest will survive. + + +Link: https://www.bloomberg.com/graphics/2019-asset-management-in-decline/ +.. but Reliance says they will go forward anyway. + +Sources: + +\[1\] [https://www.barandbench.com/news/amazon-future-deal-singapore-arbitration-award](https://www.barandbench.com/news/amazon-future-deal-singapore-arbitration-award) + +\[2\] [https://techcrunch.com/2020/10/25/reliance-says-its-3-4-billion-deal-with-future-group-fully-enforceable-under-indian-law-despite-amazon-winning-an-arbitration-order/](https://techcrunch.com/2020/10/25/reliance-says-its-3-4-billion-deal-with-future-group-fully-enforceable-under-indian-law-despite-amazon-winning-an-arbitration-order/) + +Any legal experts around to see if Reliance's claim holds water? +Beginner here. Trying to study investing through articles and book. Can you please share some tools/tips like stock screeners that you use for fundamental analysis or equity research? + +P.S. I am aware of screener.in and love it. Looking for some other things or custom screens. + +Thank you. +Have we entered a permanently elevated PE regime or something? Do people really think that a corporate recovery is just around the corner? + +Or is it just that people don't know what to do with their money so retail mutual funds keep on getting capital and buying? What're the implications of that on a near-future correction? +> The National Stock Exchange of India (NSE) is considering capping sectoral weights in the benchmark Nifty50 index, a move that could trigger a sell-off in financial stocks. The proposal is aimed at providing more diversity and reducing the concentration of one sector. + +http://mybs.in/2X5wm9L + + +Trying to create panic? +My portfolio has been down 5-7%, since the year started. +Anyone else in this situation? + +Don't know when things will get stable. +As a 1 year old investor, this is bit frustrating tbh. +Very new to this arena. Can someone explain in layman terms why the stock market did not reflect the underlying bad economy during these times? Shouldn't the index reflect the current economic situation? The Fed had done the "Quantitative Easing" during pandemic, which essentially means it printed hell lot of money into the system, something it has been doing during major economic crises, (eg:2008), yet the indices kept going up. + +PS: this is not a troll post. Genuinely keen to know whats the catch here, and learn a little about economics +Have heard a lot about index funds giving consistent returns with minimal expense and risk, however, a lot of people seem to think that the concept of an index fund does not work in an emerging market like India. Can anyone please throw some light on this. +Though researched and written for the US market, it’s important to understand the internals of a capitalist economy and why markets always rise in the long term. + +https://www.factorinvestor.com/blog/why-do-markets-go-up +Image : [https://ibb.co/mTBz8hF](https://ibb.co/mTBz8hF) + +Currently NSE provides option to view only one lagging options premium chart[(here)](https://www.nseindia.com/get-quotes/derivatives?symbol=BANKNIFTY&identifier=OPTIDXBANKNIFTY21-10-2021CE40000.00) , which lags around 15min to the real premium data. + +Is it possible to compare Multiple Options Premium Charts(Nifty/BankNifty) using NSE or any other utility ? +*Thumb Rule of Financial planning.* + +1. 30 % of your income must be used for *monthly living expenses.* + +2. 30% of your income must be used for *Liabilities repayments*, if any.. + +3. 30% of your income must be *SAVED* and *INVESTED* for your future LIVING. + +4. 10% of your income must be spared for *entertainments, vacations* + +5. 6 months expenses must be available for *emergency fund* (should be invested in LIQUID FUND, FD Etc) + +6. *Home loan* must be registered and apply on both *husband and wife name.* (Both can get benefits on Home loan Tax benefits) + +7. Buying *second house for investment is not advisable* ( _Survey reports - it will fetch you only around 3% return_) + +8. After 45 years of age, *not supposed to enter into any BIG LIABILITIES* (Higher education of children and wedding of children will happen around 45 to 50 only, so plan now for the same.) + +9. Have joint account @ Bank savings account. + +10. Property must be *registered on both Husband and wife name*. (As per legal act – after husband first legal heir is wife, after wife it will go to children only) + +11. Regular check on *Nominations at all financial instruments.* if not nominated, do it now.. + +12. Only in insurance policy, Claims payable to Nominee. In other financial instruments legal heirs certificate is must to get back the settlement + +13. Must have *Term Insurance* to financially secure future of your dependants.. *Conventional Insurance products* can serve as Debt oriented investments and provide assured returns in the present falling interest regime with Tax benefits. + +14. *Don’t take any financial investment decisions EMOTIONALLY*, and also Avoid last minute tax saving investment decisions, plan well in advance.. + +15. *MEDICLAIM is must* (in spite of Group mediclaim coverage given at office) (After retirement there is no mediclaim coverage, after 50-55 years of age, it's very tough and costly to enter into mediclaim) + +16. For your *jewelry LOCKER*, Only one lakh is payable by bank, if theft or fire happen at bank. Provided insurance done. + +17. Like same way *Government guaranteed only one lakh for your FD* also. (Fixed deposits with Banks upto Rs. 1 lakh only are backed by deposit insurance) + +18. Must know all *Tax implications.* You cannot avoid paying tax. But you can minimize by way of tax planning and investments.. + +19. All *financial documents must be kept safely* and keep family members informed of the same.. + +20. *Financial investments* must be followed through *personal financial advisor..* + +21. *Review your portfolio at every six month..* + +These are general suggestions, personal Finance and investment decisions depends upon case to case_ + +*Have a Healthy and Wealthy F.Y. 2017-18.* + + +--- I received this in a whatsapp group. Seems good advice. +Recently I was reading up on investing on mutual funds and I was hoping to receive suggestions on where I can learn more about it. So I saw the Icici prudential technology fund, where on the app it shows returns of 1 years at 113%. I know that this was the returns for last year and cannot be guaranteed this year. But according to the Calculator on the app it shows if I invest 5000 Rs my returns will reach up to Rs. 7000. So how much of this is true and possible. I know that returns fluctuate on the stock market performance. +Hello r/indiainvestment, + +Does anybody have an idea on how we can invest in Korean and Japanese firms like Samsung and Sony from India? All I could find was ETF and ADRs through US but that it's a very roundabout way. Is there a more direct way? +You can discuss something like these, ITT: + +- What brokerage are you using currently? + +- Is the brokerage structure suitable to your needs? + +- How is the availability of the brokerage service? + + Do you experience issues with login/authentication? Do you experience issues with posting trades to NSE and BSE? Do you experience issues with executing trades at NSE and BSE? + +- How do you rate the brokerage reports provided by the brokerage house? + +- How are the ancillary products and services provided by the brokerage house? + +- Do you use Smallcase to manage your portfolio, and how was the service? + +--- + +You can ask for a general review of a particular product, or service that you are researching - _Is X good? Is it recommended for long-term delivery trades?_, but please avoid asking for personal advice. + +The discussion is for consumption by a broader audience. For advice regarding your personal situation, the bi-weekly advice thread is recommended. + +Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newer members to evaluate customer experience with these products. Please confine the thread only to reviews or requests for reviews of products and services. + +[Previous Links](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new) +I recently came across MYRE capital, it's for investing in fractional shares in commercial real estate properties. Min investment is 25 lakhs. + +[https://myrecapital.com/](https://myrecapital.com/) + +They show high rental yields, high capital appreciation rates, almost too good to be true. + +Let us know if you have used this company and pros/cons. Also do mention any other companies which offer similar/better services. +Mutual fund managers are struggling to beat benchmarks. + +According to Morningstar, 54% of all actively-managed large-cap funds fail to beat their benchmark indices.  + +Index investing is the answer! + +https://economictimes.indiatimes.com/wealth/personal-finance-news/mutual-fund-managers-are-struggling-to-beat-benchmarks-should-investors-be-worried/articleshow/64424651.cms + + + +While I generally never pay attention to motley fool articles I was reading one the other day about how a small company is poised to make big moves, next big thing, blah blah. But now after it has tanked I cant seem to find those articles anywhere. They've clearly been removed. Did anyone else see this/is somehow able to find it? And to those who get advice/information from them do you feel that an action like this would undermine their credibility. It's one thing to publish dubious analysis, it's another to erase evidence of your mistakes. Yes/no wtf? +So I am at the older end of the spectrum here, considering a "last hurrah" before stopping work at 60 or so (which in my definition is still retire early as it is before I am eligible for medicare. + +I have already reached our FI number ($9m NW, current spend $300k/year), but I am still working. + +A new opportunity has come up which would get an additional 40% in income per year, and would be more interesting/challenging work that what I do now. + +I guess the good news is there could be even more money for an even fatter retirement: probably close to 30% more after five years with all of the increase going into savings. + +The bad news is we would have to relocate the family, and I have two in high school, which is not great. + +As I have already hit the FI number, I cant really justify it based on the money numbers. But but it really would be an interesting last few years for me personally, probably at the expense of my two kids having a nice stable high school development. + +How would you decide? +&#x200B; + +If all your investments are held in a single bank in a single country, no matter how diversified they are, if your country is in turmoil, most likely your government will seize your holdings... + +&#x200B; + +So if you divvy up your holdings between USA and say, Hong Kong or South Africa, which are almost polar opposites in geography, politically, economically, and something goes wrong in USA, you can fly over to the other location until the dust settles. + +&#x200B; + +Also, political diversification can help you against lawsuits, divorces, creditors, etc + +What they don't know you have can't hurt them. +Retired 56M ... liquid net worth around $13M, single no family. I have some software where I calculate how long I can live on my money, using the current tax tables, with what I think are exaggerated values for everything. I have my expenses at $20,000 a month (more like half of that), S&P returns at 2.5% a year, and buying a much more expensive house. It seems no matter how I slice it I have enough money to live out my life. I also try and keep around 3 years cash on hand just so I stomach large market corrections, and maybe after a big run down move some of it into equity. + +So my question is, is there any reason I should keep money in Bonds? I know Bogle recommends me to be like 50% at my age, but that just seems ridiculous to me, even 20% does. Even if the markets drop 50% I think I am still ok. Anyway I would appreciate any feedback (other than talk to a financial advisor). + +**Edit:** Really appreciate all the different viewpoints, and will definitely be thinking things over. +Just my luck, bought a week ago, I am a value investor by principle, but would I be moronic not to sell? +http://www.bloomberg.com/news/articles/2015-09-19/vw-clean-diesel-scheme-exposed-as-u-s-weighs-criminal-charges + +http://www.reuters.com/article/2015/09/18/us-usa-volkswagen-idUSKCN0RI1VK20150918?feedType=RSS&feedName=newsOne + +Seems about right + +"An official in the Heilongjiang province added that local investment figures in the province were inflated by at least 20%, or roughly 100 billion yuan ($15.7 billion). Driving these revelations are internal pressures for local officials to lure external investment projects. A Jilin finance department staff member told China Daily that in past years they reported the forecasted investment value as the investment figure, whether it had been achieved or not. This meant that the bigger the reported growth, 'the higher the likelihood of being awarded the project." +http://blog.nvestly.com/chinese-officials-admit-to-faking-economic-data/ +I've long been one that believed in utility crypto projects over payment projects, but I had a really frustrating experience today that wouldn't even be necessary with a real crypto banking system in place. + +Had a business account with a bank and long story short, they raised their monthly account fee and refused to waive it. So I withdrew my balance and closed the account. Well, Bertha didn't close it and I ended up getting charged an OD (on a business card I didn't know about) on the monthly account fee. Called their 800 number and they claimed they no close was done when I withdrew the entire balance. Rather than continue to fight (I was at work), I mapped the closest location and headed there. + +I get there and it was a branch inside of a supermarket with a teller and two account specialists. Ask for a deposit slip which she gives and then after filling it out and pulling out my cash to pay and close the account, she tells me she cannot take it because they are a cashless branch. She said she could take money orders and recommended I went out to the supermarket's customer service center and buy one. I almost lost it. + +I had to then drive across town to another branch that could process cash. I mean, what are we doing here people? A bank wanted me to pay a third party and purchase a money order so I could then make a deposit. In 2018? Whichever moron banking exec came up with the cashless branch idea can shampoo my crotch. Sorry for the rant, but it is experiences like this that make me hope something can gain real world traction and get rid of nonsense like this. +Wrinkly brains skip this, it’s far too simple for you Bipedal Hominids. Smooth Brains required. $UWMC + +First things first, I am not a financial advisor, I have a micro penis, and I am absolutely not qualified for financial advice. I do however have some points that I would like to bring to your attention and ones that I think could be very lucrative. + +I would like to bring to your attention 3 simple points that I believe could potentially change your financial future. + +1). UWMC was listed as a preliminary IPO addition to the Russell 1000, 1 of just 10 companies to be on the list of potential inclusions. + + This is enormous, this means that all of the Russell 1000, 2000, and 3000 ETF’s will be potentially automatically picking up UWMC on reconstruction date, and dropping the stocks that are no longer in the Russell 1000, 2000, and 3000. Large ETF funds acquiring UWMC shares on a grand scale is certainly a catalyst for upward price movement. + + When does this take effect you ask? March 21st. This is the date that funds across the globe will be dropping old stocks, and adding UWMC into the ranks of their balanced Russell boomer ETF funds. [More on that, here](https://content.ftserussell.com/sites/default/files/prelimary_ipo_additions_1_qtr_r1000.pdf) + +2). $UWMC has been slathered across r/WSB for quite some time now, leading me to believe it’s considered within the realm of “meme stocks” that have been receiving considerable attention recently, specifically within options contracts (a favorite weapon of mass destruction of r/WSB). + + Normally, this would indicate higher levels of attention toward this stock, but this isn’t a normal case. On 3/19 an incredibly rare financial event is happening that only happens a few times a year. This is called the [Quadruple Witching](https://investinganswers.com/dictionary/q/quadruple-witching). + + This does only indicate higher volatility, however when combined with the other catalysts I believe will not only result in higher volatility, but specifically a higher upward price action volatility. + +3). The CEO of rocket has enormous monkey nuts that have chosen to drop on the day of 3/15. What exactly is happening you ask? [In case you’ve been living under a rock](https://m.benzinga.com/article/20017185), as it has been slathered on this subreddit for days now. The CEO has made a very risky move, but a calculated one. + + This is no ordinary addendum as there is almost NO chance that this sticks after rocket inevitably fights this battle in court. The underlying action is not what is important here, it’s the very news itself. + + The CEO and likely entire team at UWMC ([as it’s backed by many big name investment bankers like Goldman Sachs, JP Morgan, Deutsche Bank, etc) likely want to get a piece of the GameStop esque squeeze action. (https://www.businesswire.com/news/home/20210121005895/en/United-Wholesale-Mortgage-LLC-and-Gores-Holdings-IV-Inc.-Announce-Closing-of-Business-Combination). They’re no fools, they understand that big attention (from this phony addendum), big volume (from the Russell addition and listing), that strikes swiftly (quadruple witching) is a recipe for gamma and short squeezes. [(UWMC has roughly a 28% short interest which is very considerable)](https://fintel.io/ss/us/uwmc). + +TLDR: I can’t fucking read, can you? Google translate it or some shit. +## TLDR; + +* A lot of everyday investors make investment decisions without understanding what they’re really investing in. Most people speculate, don't be most people. +* Investing is an informed decision on the basis that your shares (or any other asset) will one day earn more money, and therefore be worth more, than what you paid for it; Not the other way around. +* Invest like a landlord. If you choose to invest in a company, you should follow earnings of your shares as if you were a landlord collecting rent, quarter by quarter I recommend using owner’s earnings. After all, they are your earnings. +* Investing in individual companies is well worth it as long as you adopt the right mindset. The earnings automatically come to you, you have extremely capable and smart people literally making money for you, and you are taxed less than your income! + +## Investment guidance is fragmented and confusing + +The investing space is highly fragmented, filled with a dubious amount of noise & misinformation, and can be downright confusing. But investing at its core is straightforward. With the proper knowledge and framework, you can accumulate a lifetime of wealth. The information below is basic but important to understand. Many of you already know this, but a few don't and could benefit from it. + +## What is investing? + +Investing is the act of foregoing a dollar today to get more dollars tomorrow... plain and simple. It is an informed decision, based on logic and facts, on the premise that the asset you're investing in will produce valuable goods and services that will one day exceed what you paid for to acquire the asset. This applies to all sorts of investments — stocks, property, bonds, a cornfield, etc. Regardless of the asset, investing remains the same throughout. In the context of stocks, this is reflected in their earnings, i.e. how much will company earn for the duration of your investment. + +## What investing is not + +Investing is not buying an asset in hopes that someone else will buy it for more than you paid for. In the context of stocks, investing has nothing to do with how much the price of a stock has gone up or down and trying to sell at it's peak. Banking on someone more [foolish](https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwiVroao_K3yAhVb7nMBHUtJAmEQFnoECBEQAQ&url=https%3A%2F%2Fwww.investopedia.com%2Fterms%2Fg%2Fgreaterfooltheory.asp&usg=AOvVaw1LHhubcsWAa0-XwEi5S6MT) to buy subpar and unproductive assets from you is speculative and unsustainable. This is gambling not investing — a recipe for disaster. + +Likewise, statements such as “the US government is pushing for clean energy initiatives and therefore, Tesla stock will be going up" or "Amazon reported sales growth of 40% so the stock is a buy" are worthless. This is wishful thinking and is lazy. Companies make money because they produce goods and services people are willing to pay for and have structural advantages that make them preferable to their competitors and therefore earn more. + +Investing in a stock is not buying a piece of paper hoping the sucker goes up nor is it some form of wishful thinking. Most people think like this and lose money. Don't be most people. + +## Become a landlord + +To become a good investor, you must think like a landlord. What I mean by this is just like a landlord keeps track and collects his rent every month, you must track and total the earnings of your shares. Understand where they come from and ignore how much your shares have gone up or down. When the value of your property falls 10%, you don’t sell it. You look at your rents and whether or not your rents has also been negatively affected. The same applies for stocks. + +And the best part? You don’t have to do any work such as maintaining, marketing and, selling your property as long as you do proper research. Your earnings are reported automatically, you don’t have to collect them, or worry if people pay late. Why would you not invest if every time Apple sold an iPhone, a percentage of that money goes to you?! + +*A few of you might think that you should just track dividends because dividends are what you're receiving. This is misguided. You must track the totality of earnings as some earnings will be retained to reinvest in the business and grow future earnings. This figure is known as owner's earnings and can be calculated relatively easily. More on this next time.* + +## Many people speculate, few invest + +Investing is pretty simple to understand, but difficult to execute. The first step to becoming a good investor is to start thinking like one and stop speculating all together. Statistically and anecdotally speaking, most retail investors fall into the speculative camp. This, by the way, extends to "long-term investors" who, in their best intentions, invest in companies in industries they believe to be the "future" but aren't able to pinpoint the earnings and returns of the companies they're investing in. If you're not going to track your returns, the money that you are earning/accumulating as a shareholder every quarter, and your subsequent yield then do not invest in individual stocks. Doing so is not investing! It is merely wishful thinking clouded by euphoria and misguided beliefs. + +Instead, invest in an ETF that mirrors the S&P 500 every month, do not touch it and let your money compound over time. It will provide satisfactory returns... much better returns than most investment vehicles. + +However, I would really urge you to consider investing in individual companies. It is well worth it (this [chart](https://www.barrons.com/articles/berkshire-hathaways-investing-returns-a-breakdown-by-numbers-51582633800) says it all\].) I might make a post on why you should invest in individual companies and how to figure out what companies are worth investing in or not. Let me know if you’re interested. + +Edit: It’s been really great to see everyone’s reactions and comments. I’m glad many of you found the post useful. 😊 + +A number of you expressed interest in how I identify companies that are poised to make a lot of money and if I have a checklist regarding that. I’ll make a post tomorrow about this so look out for that! 👏 + +Some of you also wanted to know how to determine a company’s intrinsic value and figure out if and when you should by it’s shares. I’ll make another post shortly after too. +Bitcoin 0.1 was amazingly complete. It had few bugs, and even fewer *really bad* bugs. Additionally, it had great forward-compatibility, with explicit support for future softforks in the form of the OP_NOPn opcodes. Before anyone knew how a decentralized cryptocurrency would even work, Satoshi was figuring out how to add to Bitcoin things like smart contracts and payment channels. This is incredible, and a lot of people look at Satoshi's amazing accomplishments with Bitcoin and say stuff like, "Satoshi must be a crypto super-genius, the next Einstein." This, I think, is very much missing the point. + +When Satoshi was working on Bitcoin in 2007-2009, almost all of the core ideas of Bitcoin were well-known in the cryptography community. In 1996, [a summary of previous academic work on electronic cash](http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm) was published, talking at length about most of the low-level cryptographic primitives used in Bitcoin and using familiar terms like "double spending". Hashcash proof-of-work was well-known, and I remember reading about it prior to Bitcoin as an idea to prevent email spam. git uses the same unbreakable chain of hashes as Bitcoin's block chain, and was first released in 2005. Satoshi made one major leap: combining all these pieces to prevent double spending through a PoW block chain. This was impressive, but the same flash of brilliance could've happened to anyone who was following this stuff. + +Satoshi is not awesome because he was watching the crypto world and had a brilliant idea. He's awesome because upon having this idea, **he carried it out**. You know what I would've done if this idea had come to me? I probably would've mentioned it to a few people, maybe written some very basic code if I was feeling especially ambitious. You know what Satoshi did? He *spent 2+ years contemplating every possible aspect of the system he could think of, and wrote code that worked brilliantly in the real world*. Satoshi's code was good, but anyone who had read a good book like *C++ Primer* could've written similarly-good code. Anyone who had taken an intro crypto course or read a few books on the subject would understand Satoshi's usage of crypto primitives. The task of creating Bitcoin required a small flash of brilliance, moderate skill, **and an unbelievably huge amount of dedication** to thinking about, coding, and testing the system until it worked exactly as envisioned. + +Satoshi's lesson is that you *don't* need to be the next Einstein in order to change the world. You just need to be put in the effort. Satoshi, probably just an ordinary hobbyist like anyone here, saw that something was lacking in the Universe, and he fought tooth-and-nail for 2+ years until this imperfection was corrected. We should strive to do the same (and not just in Bitcoin). +As we see many newcomers enter the market, they don't have a sense for the market like those who have had long term experience. + +A lot of easy to avoid mistakes are made. People lose a ton of money. + +Those who have weathered the 2018 crash have some tough skin and rigid rules they will never break in the crypto market. Tons of this insight comes from past mistakes we have all made. + +A rule I've learned not to break is to never sell 100% of a crypto to buy a new one. Always save around 10% or more. If I had done this with ETH over the last 5 years my ETH bag would be substantial. + +What is your #1 crypto rule that you don't ever break? + +Edit: Welcome and good luck to all the newcomers the crypto community is happy to have you! +https://www.cnbc.com/2019/11/01/goldman-sachs-says-antitrust-concerns-will-pressure-facebook-google.html + +Goldman Sachs downgrades the communications services sector to a neutral rating based on regulatory pressure and expected lackluster performance. + +"Antitrust lawsuits typically take years to resolve but ultimately result in lower valuation," writes David Kostin, chief equity strategist at Goldman Sachs. + +Whether Kostin's caution is called for will depend on coordination between lawmakers on both sides of the aisle as well as the results of the 2020 election. +As you might be aware the super guarantee is rising from 9.5% to 10% from 1 July. + +For those on 'total package' salaries which include superannuation the company can reduce your take home pay in order to pay for this additional 0.5% into your super. Some companies may use their discretion and increase their total packages to cover this cost. + +For those on base + salary I believe the company must absorb the cost. + +I'm interested to hear what your company is proposing to do. Remember the value is going to increase to 12% by 2025 so what your company does not may set a precedent for the future. + +Interested in your thoughts! + +[View Poll](https://www.reddit.com/poll/o2c7jp) +Im talking more about families who have their houses and money and when they cark it they wish to leave whatever to their kids etc + +Why should anyone else believe they should be able to dictate what is done to your money? + +Is it more jealousy than anything? Im talking more about the people who want this wealth taxed at a higher rate etc +I have been lurking this subreddit for some time, but have not (and still don't) feel like I am knowledgeable enough or experienced enough to really contribute yet. I do, however, hold this subreddit in higher respect than similar ones such as /r/personalfinance and have been given great advice on the few topics that I've posted here. And now, I could really use some advice from the good people here. + +Anyways, I am about to sign the HPSP scholarship for medical school, which comes with a $20,000 signing bonus. I would like to put at least $10,000 of this into investments (I am leaning towards index funds since I am brand new to investing but am open to be persuaded otherwise). I am also interested in opening some sort of account to begin saving towards retirement. For this, I am leaning towards either a traditional IRA or a Roth IRA but am not sure what would be best in my situation. + +For background, I am 22 years old with a current savings of about 5k. I also inherited a small sum from my grandfather which has been in a managed fund since receiving it and is at 22k currently. My expenses are low, but I am going to medical school soon so I won't be able to have a job and will be living off of the $2200 monthly stipend from the scholarship. Any advice is greatly appreciated. +They say that the phases for traders are massive losses, minimizing losses, breaking even, and then consistently profitable. + +I am now at the point of minimizing losses. I thought I was consistently profitable but now I realize that I’m just minimizing losses. My day to day losses have definitely begun to decrease. But I notice that I just 2 more hills to climb over. + +And those two are: 1. Stop losses. 2. Being too biased towards one direction. + +1. I traded options. SPX particularly. 0dte and 1 Dte. They can be very profitable if done right. The issue is that I am terrible at setting SL. I am very good at setting PT. I see levels and when prices stall out, I get out, even if it’s just a small profit. Because of profit is profit. + +But turn that around to losses, I hold on to my losers way too long. It’s like I don’t know when to set them. I can be in a trade and then a MASSIVE engulfing dildo of a candle will appear and I’m frozen like a deer with headlights and idk what to do. I’m sitting there like “okay is this a break out against me and I should get out or is this a “fake out”? All while the prices continue to fuck me and go against me as my losses stack up higher and higher BY THE SECOND. + +A perfect example is between 3:51-3:57 PM ET yesterday. Yes I know it’s highly volatile during the last 10 minutes of market but it’s what I mean. Just using that as an example. + +You thought that it’s a massive break out with it breaking news HOD at 3:54 only to have it just drop instantly. Idk where I should’ve gotten out with that example if I were short. + + +2. I am so short biased and it’s hard. I started trading during the March 2020 crash. So my mindset has been fixed since then that every pop should be shorted. I even lost a LOT of money playing puts during the rally after the crash. + +Now it’s being repeated on my trading again. I am red about 90% of the time when it comes to market Green Day’s. In fact 2 of my biggest losses in my entire trading career were two huge trending Green Day’s. + +Ironically some of my biggest WINNING days were red days. In fact 2 months ago when JPOW went on live right around market open and it tanked the market, I made a ton. Or when Russia closed its oil pipeline I think about a month and a half ago after lunch hour ET and we just tanked. I made a ton of money. + +I just don’t know how to get myself out of the “always go short”. + +It’s even funny that I find it very easy to exit my calls when I see the rally up starting to weaken. But I find it difficult to close my puts when reverse back up. + +I enter a state of what I call “come ooooon!!” Because I literally just go “come on maaan!!! This is bullshit” out of frustration because I couldn’t believe the market went against me again, while I see my losses stack up second by second as the engulfing candles keeps climbing following by another candle. + +Like yesterday. I was short and just saw Apple and Microsoft make new green candles one after the hour and continued to climb and make new HOD. +I hope this is the right place to ask for advice, not sure what to do. + + +Income is scarce, and personal hygiene irregular. + + +My teeth have been in horrible pain for months so I borrowed $99 from a friend to visit the dentist for their new patient special. I have fillings that have fallen out, leaving gaping holes in my back teeth. It would be $895 to fix the most urgent teeth with no insurance, with the option to pay in 3 installments. There is no way I could afford that any time soon, so I've held off and done my best to gargle with salt water daily. + + +My throat began hurting which I thought was a cold, but it has turned into a horrible constant pain. Swallowing, talking, laying down all make the pain significantly worse. As of today, my right ear is partially blocked and I cannot hear clearly through it. I suspect the teeth infection is causing it as I've seen it happen before. + + +I have $7 in the bank and will not come even close to $300 for a split payment in months. What have you done to get through a medical emergency? + +Edit: I just moved to Illinois this past week and am in a temporary living situation. I cannot afford CTA transportation but will visit all walkable clinics. Thank you everyone for the help and advice. + +Edit2: Received treatment. Thank you to everyone that gave me information and advice, I truly appreciate it. +https://preview.redd.it/xctwvijejtm61.png?width=960&format=png&auto=webp&s=bc3f82e8786d22fc44d00b6f9114ed282f2b44a1 + +[LINK ON TD FOR PEOPLE WHO DONT BELIEVE ME BECAUSE IM BEAUTIFUL](https://www.tdameritrade.com/td-ameritrade-trading-restrictions-stocks.page) + +[See my post on GME and other stocks from yesterday which was very successfully buried and received little attention.](https://www.reddit.com/r/wallstreetbets/comments/m35u61/memeageddon_judgement_day_witching_day_march_19th/) + +**Brokerages are starting to realize shorts are in BIG TROUBLE in $GME and $RKT.** + +So far $RKT shorts have been in COMPLETE CONTROL of this stock and it's price since they IPOd at $18 in 2020. + +In Feb 21 RKT BLASTED away earnings expectations and revenue with growth of 161%! Crazy amazing unexpected growth and profitability. The share price went from $19.90 to $21.85... LOL + +&#x200B; + +https://preview.redd.it/bwx447sfjtm61.png?width=594&format=png&auto=webp&s=e718f52e50d2819d41bc226f160d0f2d00562b8c + +Since then + +&#x200B; + +https://preview.redd.it/fbroivvgjtm61.png?width=2093&format=png&auto=webp&s=459319c3ad0b896088e1b73b0e1520543769a979 + +On March 1st and 2nd the shorts got side-lined by a bunch of WSB interest and the price spiked +71% to $43. + +RKT CEO says their share price at $43 is OK but they are still not being fairly valued to peers. (youtube links not allowed) + +So what do the shorts do? They DOUBLE DOWN as they always do! + +They unload millions of new shorts to attack the price: + +On March 4th they have dropped the price to $26.80. + +**This chart shows the available short shares to borrow and the fee. On March 4th there are ONLY 100,000 shares available and a HUGE BORROWING FEE OF 59%** + +&#x200B; + +https://preview.redd.it/rgtiqziljtm61.png?width=1243&format=png&auto=webp&s=3979f04d5b95acb8b0a097642ff84bbfe185e553 + +Data from here: [https://iborrowdesk.com/report/RKT](https://iborrowdesk.com/report/RKT) + +In the meantime paper-handed retail investors HAVE SOLD to this very obvious GME tactic once again and there are now more shorts available! These guys are so good at doubling down. + +[Market Watch calls Short Interest at 40% on Feb 26th. Since the price went up and they just shorted millions more shares you can bet your sweet bananas short interest is probably higher.](https://www.marketwatch.com/investing/stock/rkt) + +From a technical analysis POV the chart has 3 trailing support lines. In other words the price is very unlikely to dip below $23.50. Your downside is very minimal. + +&#x200B; + +https://preview.redd.it/ry9hxdfmjtm61.png?width=2118&format=png&auto=webp&s=2dff7ec2116f2f0de0bfdd5be0a7ae90f6318967 + +The morning of March 12th RKT was UP in pre-market. When the market opened there was huge volume and price drove down, killed the momentum and people thought they lost. + +During that same time MILLIONS of shorts were fired: + +&#x200B; + +https://preview.redd.it/q8yr8b5njtm61.png?width=387&format=png&auto=webp&s=d55b9cbcddae79869becb78017a1832a6b4dfeda + +Shares available went from 5.6M to 1.9M. Then retail SOLD.... You weak apes. + +The OPEN INTEREST for MARCH 19th OUT THE MONEY IS INSANE. + +&#x200B; + +https://preview.redd.it/6pu6cv0ojtm61.png?width=910&format=png&auto=webp&s=a945e90e1e0dfeeef8d416156dca3c3635a26c3e + +Check out the strike of $30 with 48,889 contracts. On a float of only 100,000,000 (a little bigger than gme) that represents 4,888,900 shares just there (usually MMs will buy 50% or so as it approaches ITM). + +In other words if this gets to $29 it will just keep going up until the highest strike - So above $65 likely. + +**That's about a 300% return from current price.** + +Also remember we have the DTCC new rule coming soon, we don't know the date yet but that's making the shorts piss their pants as they would have less liquidity to fight with. They really want to shake out all the retail money at the cheapest price THIS WEEK. + +&#x200B; + +https://preview.redd.it/qelq19cpjtm61.png?width=816&format=png&auto=webp&s=1177d9ce4e4baf2b65056ad52ef14f108b1c7da4 + +**TLDR:** + +RKT is one of the most manipulated prices since IPO. Despite amazing performance, surprise earnings, dividends and buyback announcements the stock has been held under $24. + +The stock is starting to be put on short-selling restricted lists which means shorts are over-risked and brokerages know this. + +RKT has a relatively small float with high short interest. It won't take a lot to light the match. The options interest for next week also allows for a big gamma squeeze if the price hits $29 for a sustained period. We're at $25... It's not a lot to ask for. + +Disclaimer: This is no financial advice. +>The G7 group of advanced economies has reached a "historic" deal on taxing multi-national companies, the UK's Chancellor of the Exchequer, Rishi Sunak says. Finance ministers meeting in London agreed to commit to the principle of a minimum corporate tax rate of 15%. + +>The deal - from the US, UK, France, Germany, Canada, Italy and Japan - will put pressure on other countries to follow suit, including at a meeting of the G20 next month. + +>At the moment companies can set up local branches in countries that have relatively low corporate tax rates and declare profits there. + +>That means they only pay the local rate of tax, even if the profits mainly come from sales made elsewhere. This is legal and commonly done. + +>The deal aims to stop this from happening in two ways. + +>Firstly, the G7 want a global minimum tax rate so as to avoid a "race to the bottom" where countries can undercut each other with low tax rates. + +>Secondly, the rules will aim to make companies pay tax in the countries where they are selling their products or services, rather than wherever they end up declaring their profits. + +https://www.bbc.co.uk/news/world-57368247 + +From what I understand this means companies like Amazon would have to pay taxes on the sales made in each country it operates in. 15% of all profit in UK, 15% of all profit in the US etc etc. Happy to be corrected. +[computershared.net](https://computershared.net) estimated we should be roughly at 88 million shares. GME 10Q reported 71.8 million shares, an increase of 500k. The price has been flat and only positive news (IMX integration, iphone app, anyone?) so it makes absolutely no sense that ANYONE who is actually net-positive and DRS'd would sell a single share. I also am interviewing for a new job currently that'd be a 30% pay raise, if I get it I'll be putting in 1 more additional order that day. + +They are fucking with our metrics and still can't even manage to make the number negative, we're already locking up the float too fast for them to truly break our stride. This is the last thing they can attempt and they failed by 500k. Get fukt short hedgy fucks. + +Edit: To be clear, I believe they manipulated the DRS count by borrowing and DRSing shares before the Q3 deadline, then the day after immediately transferred them back out to sell short. They didn't have to hold these shares at all, just long enough to fuck our metrics up. Even with such a short timescale they couldn't make the number negative, we're DRSing too fast for them. +Edit: Resolved. I spoke to my landlady about feeling unfairly singled out because of my current situation, and showed her the current total in my savings account. This seems to have put her at ease and we've agreed to review the situation on a month to month basis. Many thanks to all who contributed. + +OP: + +Hi y'all, so just a quick one... + +I live with my landlady as a lodger (no written contract necessary), and am recently unemployed (25 days). I haven't found work yet and my landlady is getting paranoid that, because I'm still unemployed after 3 weeks, I won't be able to pay the rent in January. So she's asked me to pay it upfront with December's rent. + +Now I'd like to respectfully refuse that request as I feel it's completely discriminatory and unfair of her to ask me to pay double rent when nobody else in the house has to based solely on the fact that I'm currently unemployed. I've tried to assure her that I have more than enough savings to cover the rent in the event that I don't find a job within the next six months even, but I work in an industry where it's fairly easy to find a job so that won't be an issue (truth be told I've been enjoying being a slob these past few weeks as I haven't had more than a week off at a time in the last seven years or so!). + +But I just wanted some advice as to whether I'm obliged to actually pay the double rent given that I don't actually have a written contract, or whether I'm within my rights to respectfully refuse her request? +Hey guys, people talk about building generational wealth and passing it down. Let's say you have £10m to pass down. The 325k limit is quite low and everything over is gonna be taxed heavily, even if married. What if you want to pass down a £2m London property to your kid? Should you just move offshore? Surely rich people moving offshore isn't good for the UK? + +As a side question, why do so many super rich like to own £3m+ London property if it's gonna be taxed heavily if they pass? Do they just use offshore company schemes, do hide themselves +32 single with about $500k net worth (mostly in stock index funds). I just received a 20% raise from my company (making up for last year with no raise). With my salary before the raise I was able to max out retirement accounts, pay monthly expenses, go on trips, add to taxable, and keep an emergency fund. I am thinking if I don’t take the raise I will keep the same benefits and live the same lifestyle, but only work 4 days a week. I was wondering if others have done a reduce work schedule and how did they like? I like the idea that I am only taking a 20% pay cut, but I am getting 3/7 days to myself. + + +Edit - one thing to add is that this new raise will really only be about 14% raise of my salary after taxes. I know I still will owe taxes on my salary, but as mentioned I have been living fine with it. + +Edit 2 - To clarify I will take this raise and I get a full bonus (worth 10% of my old salary). My plan would be to ask for 80% schedule soon. I have about a month worth of vacations saved up that I would like to use when I am at a full salary and full time. I will still be able to accrue vacation when I am 80%, but not as fast. I also don’t think I will need to take as much vacation if I am getting 3 days off a week. +Hi all, + +I wasn’t sure if this is the right place to post this but if anyone has any advise on this that would be great. + +Me and my sister are first time buyer and we’ve just made an offer on a property today on the outskirts of London. However, the estate agent is now saying that the offer won’t be taken up unless we use their mortgage advisor and solicitor. Alternatively, they’d only consider the offer if we raise the offer price considerably. I already have a mortgage advisor who is very responsive, have great reviews and have managed to find us a good deal. We also have solicitor and principal in agreement in place so there’s no reason why we would need to use their serves. We have all the proof that we’re in a great position to buy. + +I’m extremely surprised that this type of tactic is used. Is this even legal? Are there any regulating bodies that we can flag this and make complains? We absolutely love the house and it would be a shame to have to let this one go. We’ve been looking for over a year now and haven’t been able to secure anything as the property market is crazy!! However, I don’t want to be bullied into using their services. + +Any advise on how we can work our way around this? + +Thanks +Firstly I know I am in a very fortunate position and this is a nice problem to have but would appreciate the UK/pf thoughts on things. + +In short I am 30, in a job that pays me all in 300k (with scope for that to move up to 500k in 2-3yrs) but makes me miserable, mainly through the stress and toxic work environment (it is pretty dog-eat-dog). I have had a pretty rapid income rise (only had savings for last 4yrs) so despite the super high headline amount my savings after paying off my student loan are ~300k. I probably only ‘need’ 2.5k per/month (~40k pre tax p.a.) to live my current life so am able to save most of my income currently. + + +I would like to quit after my next bonus which would get me to 400k+ in savings (+100k in pension) but the issue with quitting is that I am unlikely to earn this amount again and this industry (hedgefund front office) is very difficult to get into/return to. Currently I am able to save post tax income less my 30k expenses which is >100k p.a. + + +So the dilemma is suck it up and be miserable for a period of time (easy to say hard to do, like losing weight) save up to be financially free (whatever that means) or cut it off and go and do something more meaningful (teacher, start own biz) and have more time, be happier and feel like I have a purpose but probably earn 10% of what I do now. + + +Just looking for different viewpoints and any worldly advice from you lot because it’s not something I can really canvass opinion on in normal social settings. Cheers. + +EDIT: Thanks for all the responses, just to cover off a few of the questions below. This was a career that I always wanted to do, I was super passionate and loved the job, I have kind of got to the place I wanted to get to and its not how I envisioned, which has caused me to question my next steps. It is quite a confusing time tbh. + +I can see both sides of life is too short and you are in a great spot ride it out so you are truly free. It is a bit of a daily struggle for me at the moment. If I were not in my situation and giving advice I would 100% say stick it out but wishing my life away to get to that point of freedom is not a great spot to be in either. + +Whilst I am aware of FIRE it feels a bit like escapism to me. I only say that because it was never on my radar until I started enjoying work less, I feel like the solution is somewhere inbetween work/FIRE. In terms of moving jobs, fair point, could be an option but there would likely be material bonus leakage/loss of bonus momentum. Sabbatical not really an option here, max is two weeks off, which you are expected to be contactable at all points. + +Thanks again, really thoughtful advice below, appreciate you all taking the time. +I (M22) sound stupid here and extremely ungrateful in fairness. + +I kinda hate how I think about money. I make roughly £35,000 (with overtime), I have no debts, paid car and almost £15,000 in savings. I don't drink, smoke or have expensive tastes (apart from my £2,000 gaming setup). I work as many hours as I can, because I have always wanted to buy a house in a certain area, where the average house price is £250,000 - the area is expensive and has houses which cost £5 million plus. + +But I feel so disillusioned and I know that I am starting to give up. I feel as if I am wasting my younger years. I know in the UK, house ownership and being debt free is *extremely rare*, but I can't help but think that I will work all the hours possible to have a good life and I might not find anyone to be with, because of how boring I am. + +What should I do? Nothing makes me happy. I am not a huge party person either. I feel as if am to mature for my age, and it is actually making me depressed. +Hi there, + +I have just accepted a job as a 21 year old on a salary of 30k. On my offer letter the employer mentioned that they ask me if I wanted to be enrolled in their Royal London pension scheme. I don't know much about pensions, and the thought of retirement seems like a long way off obviously. Generally I understand that paying into your pension is a good idea, but is it advised that I do so at such a young age? What benefit would paying into my pension now be? + +EDIT: I AM ENROLLING! + I am at a mental block and need some advice. My thought is that I hold a "growth" ETF like VOO in my Roth IRA until retirement age, then sell and buy a "dividend" ETF like VYM so that I can have an income from dividends during retirement. The Roth IRA will negate capital gains tax. + +The pro I am thinking is that contributing to VTI for 30 years will be worth more than contributing to VYM over 30 years so that when I do retire I will end up with more shares of VYM by converting VTI to VYM (or any other dividend ETF). The con I am thinking is that I will have to trade (time the market) all of the VTI to VYM. + +I am currently doing a 50/50 split of VTI and VYM in Roth IRA but recently started to really think how I am going to live off of it when I retire. Can you please shed what you think of this? +...that yield a decent dividend (not an ETF), do you personally like to automatically roll that dividend right back into the stock? Or do you like to collect the money to do something like put it towards other investments? +T stock has been on the rise these past couple weeks and I'm worried we are heading back toward 40$ a share. This past month had a low of 29.20 and today we now at 32.20! + + +As a new investor I was looking for something that hardly moved but a nice dividend and T stock was it. I was hoping to keep investing in it but dang... not at 40$ +I just received my first dividend from SCHD, but TD Ameritrade labeled it as an Ordinary Dividend. From my understanding, SCHD is supposed to payout Qualified dividends which is one of the biggest selling points in my opinion of owning the ETF. Is there something I am missing? + +Any help would be appreciated! Thanks! + +Edit: Seems like I haven’t held the ETF long enough! +If you own enough shares in an S&P index fund to draw cash dividends - which increases +[9.16% per year](https://www.quora.com/How-do-you-make-money-work-for-you/answer/Allan-Jeong) on average and increases (not decreases) in 23% of years immediately following a year with negative market returns - to pay 120% of living expenses in retirement, can you simply hold your stock/bond allocation at 90/10 for life to let your shares double in value every 7-8 yrs from $2 million to $4M, $8M, $16M, $32 million? + +See S&P cash dividends from 1940-2020 in the table at https://qph.fs.quoracdn.net/main-qimg-10d063195b45cbba9c34de6568f6f3d1 +I recently had a hard look at myself and my portfolio. I had a lot of stocks in my brokerage account that I hardly knew why I had them in the first place. I guess as a very green beginner, I was just following the trend and not really doing anything right. So, I made the painful decision to sell off most of my holdings in order to 'rebalance' myself. So, in terms of dividend and growth stocks, I have the following. I was wondering if I'm on the right path with these remaining holdings? For the time being, rather than have a bunch of stock and forgetting why I have them, I tried to simplify my holdings down to enough that I can count them on my hand. + +* BAC +* KR +* QYLD +* SCHD +* T +* VTI +* VXUS +I was wondering is it better to buy dividend stocks in a retirement or regular brokerage account? I want to gejt into dividend but i would like to have it as an income and idk how I feel about waiting till I'm 60 to take out money out of my retirement account. + +Would like advice on this. I'm a bit new to investing into dividends/ investing into a Roth IRA. + +Bit of info I'm 25 years old i have 22k in my personal brokerage account (no real dividend stocks in that) and have a roth IRA i just started last year i don't have a 401k since my job doesn't offer it. That currently just hold vti, voo, and spy. I was planning on my Roth to be more dividend and ETF stocks, but want more income. so I was thinking of putting money in my personal brokerage account to buy dividend stocks/ETF so i wouldn't have to wait for to take out money but not sure if that was the best way to go about it. +Hey everyone, so I’m currently 22 and have about $30k saved, been working full time as a graduate accountant at the Big4 earning about $60k pre-tax a year. Although I’m learning a lot, I definitely can’t see myself staying at my firm for more than 3-4 years (planning on finishing my CA and leaving in about 2024). + +I’ve always been pretty good with money during uni and wanted to use my initial savings for an investment property/purchase my first home but lately I’ve been really considering using the $30k as a sabbatical fund/career break and backpack around Asia/Europe/Americas for a year in 2025 since I didn’t really get the chance to travel before starting full time with the pandemic. + +My plan going forward was to keep my existing savings for my year of travel, use the First Home Super Saver scheme to save the maximum $50k until I quit my job and save as much as I can outside of the FHSS during this time. + +I have no debt besides HECs and wanted to get advice, is this a stupid financial decision? I’m planning to leave with around 4 years big4 experience and qualified CA but would the resume gap hinder my career prospects in the future? + +Thank you! + +Good, I’m glad Facebook took a cold hit, they deserve it. They’re one of the worst data collecting companies and they have no leniency when it comes to profit making. I don’t feel bad for them at all. They deserve everything they’re getting and more. Facebook should tank because it was never that good anyway. + +That being stated, this loss will, definitely, carry out to the Metaverse as well. And that’s even better. Yes, I say this with serious spite in my heart, but I hope that one fails too. Because if it is really led by the same people that made Facebook it’s going to be a data-collecting money shamble too. + +You get what you deserve Zuccerberg. + +Not only that, but the Zac is attacking small cap tokens out of the lake so that he could only lay claim on the crypto market, what an A hole man. I can’t believe there are so many good, and amazing small cap projects that will not see the light of the day because someone won’t let them. Tokens like the Royal Falcons Club won’t gain traction because the world is too distracted with the money trickle-down scheme of the Zuccerberg, again. + +Go back to the hole you came from Mark. You can’t rape this market too. +A sad end, they just gave shitcoin bcc to people and closed everything now the coin is down 90% and no one wants to buy it. + +I see people going crazy in the bcc subreddit I just hope no one kills himself because of this, please let this be a lesson. + +1- Research what you invest into and don't let the FOMO blind you from redflags. + +2-Don't invest what you are not ready to loose. +I have always believed that Telegram is a very convenient messenger for communicating with all projects. But recently I saw a [post from Ref.Finance here](https://ref-finance.medium.com/ref-finance-is-making-discord-the-central-location-for-our-community-events-b4ded674f048) it is that it is easier for cryptocurrency communities to use Discord. I was puzzled by this question. + +I'm ashamed to admit, but I'm really not very familiar with Discord. Is it really more convenient there? According to Ref.Finance + +"It’s become clear to us that Discord is just better for building communities, combining elements of group chats, online forums and conference calls for a dynamic that is incredibly distinct and aimed at doing one thing, building a vibrant, communicative community." - Ref team. + +What is most surprising to me, they have created a special giveaway for new Discord channel members. + +"Over the next three weeks, we’ll be giving away $400 REF for members who join and participate in our Discord, and every Thursday at 3pm UTC we’ll be holding an AMA exclusive to our Discord server." - Ref team. + +What do you think is better Telegram or Discord? And is it worth attracting users by creating such giveaway? + Elon Musk has taken a 9.2% passive stake in Twitter, according to a 13G filing, Bloomberg News reports. Twitter rose about 26% in pre-market trading. + +*More information is available on the Bloomberg Terminal.* + +[https://www.bloomberg.com/news/articles/2022-04-04/elon-musk-takes-9-2-passive-stake-in-twitter-l1kk5qd8](https://www.bloomberg.com/news/articles/2022-04-04/elon-musk-takes-9-2-passive-stake-in-twitter-l1kk5qd8) +This is great news that Resolute and Cathie seem to have come to an agreement where she feels confident that she'll retain control. I was on the fence about pouring money into these at the moment but it sounds like that worry should be alleviated now. + +https://www.bloomberg.com/news/articles/2020-12-18/cathie-wood-sees-control-fight-ending-lifting-cloud-over-ark?srnd=markets-vp + +Wow thank you for the awards and karma everyone! Didn't think this would get so much traction. Good luck in FY21, may we all strike it big! +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. +Hi, let me start by recognizing the following: + +&#x200B; + +* There have already been several threads on VIDT on this sub +* The market cap is \~$15.5m, which is higher than most micro caps discussed (or spammed) here +* People often "shill" in this sub for quick-flip pump and dumps. This is not that kind of post and you won't see 4x returns in 8 hours + +With that out of the way, I will try to briefly summarize why I (long time holder, DCA'd to the bottom, no intention of selling any time soon) believe this has a strong chance to become a Top 25 token, and why that push is already underway. + +&#x200B; + +1. USP (basically the elevator pitch): VIDT validates and secures files/data on the blockchain, and does so via an easy to implement API solution. Businesses get the security and and immutability of blockchain without needing to dedicate tremendous time and resources for implementation. That's it. That's the elevator pitch. You can protect and verify data, invoices, files, certificates, etc. At first, it isn't the sexiest thing, because it isn't a chain itself, so there is no talk of ridiculous transaction speeds or unique consensus mechanisms, no technical jargon. But ask yourself: isn't that stuff antithetical to what blockchain really is about? Which leads to the second point. +2. The beauty is in the simple, elegant service. Due to the nature of what is offered, the oft-discussed pitfalls holding blockchain back from "mass adoption" are far less relevant: things like transaction speed, private key (mis)management, clunky UI, etc don't really apply to what is presently being done with VIDT. It is, in my opinion, one of the most business consumer-friendly, mass-adoptable tokens in all of crypto. That was another segue, because: +3. They already have clients who regularly use the service, like [AmSpec](https://about.v-id.org/amspec/) (oil and gas), Airbus, Krohne, CMS Law, etc. These clients come from a broad spectrum of industries and have come to rely on VIDT for helping them to defend against fraud. The company has been in **profit** since 2019. +4. Interoperability - VIDT recently unveiled (out of nowhere, I might add) a new product called DataLink, which focuses on bridging data across all of the major cloud hosting services (AWS, Azure, Zap, etc) and major blockchains including Ethereum, DigiByte, LTO, Waves, Binance Chain, Hyperledger, and more to come. The significance of interoperability is probably clear to anyone who sees where blockchain is going, but to sum it up briefly: the odds of one chain ruling them all are very low, but for blockchain to really be mainstream we need to know that the various chains can "talk" to each other. We also need to make sure that off chain sources can easily communicate with on-chain services. Starting to get the picture? In pure and grounded business terms, we are likely to see most (if not all) of the major chains partner with VIDT as the service grows in popularity and scope. Oh hey, another transition... +5. Use cases are increasing in scope and ambition, and I absolutely love to see it. VIDT has several projects in the works that have the potential to fulfill a lot of the promise that was envisioned when blockchain started buzzing. IBM is pleased with the progress of their collaboration with VIDT for capturing environmental sensor data for their [Internet of Environments initiative](https://www.ibm.com/easytools/runtime/hspx/uat/public/X0027/PortalX/page/pageTemplate?s=29e46daf5c954f42ac03e2fe2ba22d3e&c=29e46daf5c954f42ac03e2fe2ba22d3e), and this is expected to expand significantly. The VIDT team have also partnered with DigiByte on the Veritas project, which is securing digital identities, particularly for social media. That twitter hack seems relevant, doesn't it? And one of my favorites: VIDT has partnered with Fantom on a project that aims to bring transparency and authenticity to the world of politics by working with the government of Afghanistan, an effort that has been hinted to have a much larger scope than meets the eye. And more scope means more verifications using VIDT, which means more tokens spent! +6. Tokenomics are among the best in all of crypto. Seriously. The total supply is under 60m, with just over 43m (75%) already in circulation. Clients pay a fixed fee in fiat, and tokens are used at the equivalent price. This means, of course, that more demand will put pressure on the token price. And yes, if the token price is higher than the fixed rate, less VIDT will be used *per transaction*, but at that point the number of transactions will likely greatly offset that. In addition, there are monthly token buybacks and burns. Yes, every month. It is a relatively scarce (by crypto terms) token that will literally increase in scarcity every single month, regardless of market conditions. The token is divisible by 18 decimal places, so the deflationary process can continue for a very, very long time. +7. The team is amazing. I saved this for last because as an investor, one of the key indicators in deciding whether something is worth putting my money in (potentially long term) is the team. And I will say it now, there is no team like the VIDT team. These guys are humble but hungry. VIDT is their passion. This is their baby. They communicate regularly via [twitter](https://twitter.com/v_id_blockchain) and the official/news channel on Telegram, as well as on LinkedIn. You can see their faces, you know their names, they're in print, in videos, etc. Always meeting with potential clients, always building new functionality, always working hard. They have this energy because they know they're building something special. + +Looking at all that I've written, I have to apologize because I really did try to make this a brief summary. I suppose I'll close with some scattered but bullish thoughts: + +There have been roughly 6 straight weeks of news that coincides with [one of the nicest looking charts I have seen](https://www.coingecko.com/en/coins/v-id-blockchain/usd#panel): green on every timeline out to 1 year, all time high and price discovery seem to be within reach. The growth has been steady. Wallet count is over 6,000 and growing. And yet... it seems like most in the crypto space still either haven't heard of VIDT or still have yet to dive into the research. It's still not on any exchange bigger than Kucoin. It is already one of the tokens that sees the most use, and provides a bridge to blockchain for the outside world. Did I mention [they certify diamonds](https://twitter.com/v_id_blockchain/status/1282587675187347457) now? + +Considering all of the above (and much more, truly) and looking at some of the garbage that still sits above it in ranking, I really believe that this will be a Top 25 token before too long. The crypto world is starting to wake up to how big this token with a simple little elevator pitch could be, and the real marketwide FOMO doesn't begin until the big name "influencers" start talking about it. So with a $15.5 market cap this is still very much flying under the radar. Maybe the use case isn't sexy. Neither are "oracles," until you ask yourself how many companies could actually benefit from using them. That's the light bulb moment, and suddenly it all makes sense. + +Thanks for your time, always be safe and do your own research. +Seems to be flying under the radar. IMO ChartEx is superior to Dextools yet is sitting at a MCAP of around 2m less. The token functions as a way of unlocking tiered premium ChartEx features. The tokenomics and roadmap are all available at https://about.chartex.pro/ + +Telegram: https://t.me/ChartExCommunity + +Discord: https://discord.gg/wJKzyK4 + +Price Chart: https://vip.chartex.pro/?symbol=UNISWAP:CHART + +Etherscan: https://etherscan.io/token/0x1d37986f252d0e349522ea6c3b98cb935495e63e + +Contract: 0x1d37986f252d0e349522ea6c3b98cb935495e63e +[https://www.reuters.com/article/roblox-ipo/update-1-roblox-ipo-filing-shows-revenue-surge-as-gaming-thrives-during-pandemic-idUSL4N2I54D2](https://www.reuters.com/article/roblox-ipo/update-1-roblox-ipo-filing-shows-revenue-surge-as-gaming-thrives-during-pandemic-idUSL4N2I54D2) + +Place holding their valuation at 1 billion, they plan to trade under RBLX. Latest valuation estimates had them at 4 billion, and they think that can double when they go public. This is one to watch out for. +Hi everyone, + +I want to start investing in the S&P 500 long term this year, but technically the only sector that seems reasonable to invest in right now is the energy sector. + +What are your thoughts on energy this year? Will it continue going up? + +Also, I want to invest in sectors of the S&P 500 that I believe have growth potential than investing in the entire market such as VOO or the SPY. What do you recommend? Sector investing or entire market? + +Thank you! +I transferred a good chunk of my brokerage account out from Brokerage A to Brokerage B. Within the hour, Brokerage A placed a phone call and assured me that they could match any bonus Brokerage B offered or negotiate any trading options fees or commissions. + + +Has anyone had experience negotiating down options fees, margin rates, or even getting bonuses with brokerages? This was the first time I learned about the possibility. + +What rates did you end up getting, if so? +I am glad to announce that more than 200 e-students have enrolled in this online effort to learn more about Financial Markets. We are boasting a wide range of nationalities, age groups, as well as varying professional backgrounds. + +For future weeks, I hope to have the weekly discussion thread live by Sunday. This week was somewhat delayed by the vast amount of replies. + +You are free to decide to which extent you participate. For your convenience, I have listed the study material in order of importance. Further, [you can find a manual here](https://drive.google.com/file/d/0B5v8ErcJC21McVFJLVlrMmRpZUE/view?usp=sharing) featuring a course outline, background material, and some questions. I will update this on a weekly basis if there is enough interest for it! + +###Study materials for this week. +* Watch | [YouTube lecture: Week 1 - Introduction and what this course will do for you and your purposes](https://www.youtube.com/watch?v=WQui_3Hpmmc) +* Read | Chapter 1 and 2 of Foundations of Financial Markets +* Read | [The Gospel of Wealth](https://archive.org/details/cu31924001214539) (p. 1-46). +* Read | Introduction and preface of Finance and the Good Society + +###Study materials for this course. +* Frank J. Fabozzi et al., Foundations of Financial Markets and Institutions (Prentice Hall 2010, 4th edn). +* Robert J. Shiller, Finance and the Good Society (Princeton University Press 2012). + +Shiller's book happens to be available at a [discounted rate of $14.97](http://press.princeton.edu/titles/9652.html) at this very moment. + +###What can YOU do to make this course better? +That is up for you to decide. Whether you decide to send in that relevant news article, create a live YouTube discussion channel, or host an AMA on Reddit - your contributions are valued, regardless of their nature. You collectively bring in years of experience. Whether you are a student or business veteran - there is always much to be learned from one another. Especially given the diversity of our group. + +For requests, contributions, or anything related to the course - send an e-mail to **yoc.reddit [at] gmail.com** or send a PM to /u/indefinitely_not. + +###Disclaimer +I've said it before - please be aware that I am not in any way affiliated to Yale/Yale Open Courses. I do not receive any remuneration for my efforts, not do I intent to commercialize upon the materials generously provided for by Yale/Yale Open Courses. + +Good luck with your study efforts. I look forward to hosting this semester with you all! +The housing market has been hot for years now, and no end in sight, are the bigger apartments just as hard if not harder to get? Like if asking price is 700k usd, do you have negotiating leeway? Or it’s an uphill battle against other investors? +Hi all, new to REI and learning about the 1% rule with rental properties. What I don't understand is how closing costs and repairs factor into the 1% rule. For example.. + +If I buy I property for $80k and it rents for $850/mo, that would fall into the 1% rule. But the closing costs would be about $10k (3% down payment) and repairs would be another $10k. Does this property still fall into the 1% rule? +So I have a grandmother who owns land... that was offered a really weird offer and I was wondering if anyone has heard of it. + +The land she owns is in Fryeburg, Maine. And is currently under covenant and cannot be subdivided... however this covenant expires in four months. At which point I imagine the land's value would jump in value. + +**So this offer** + +So the offer she just got was $1,000 dollars to take it off the market. Then another $5,000 for a year's access to the land. (i imagine like a lease?). Then **IF** they decide to stay they will pay her a final amount of $75,000. + +Keep in mind my grandmother is looking for about $70,000 for the land. + + +But this deal just raises a lot of red flags to me. Is this normal or is it a scam? +Do you start with houses under $300k? section 8? Duplex and live in one of the rooms? + +Or is that salary too small? How much capital can a person start investing with? +Hi everyone, just want to share my quick story. I walked into H&R Block in the past few days to do my tax return. I had not made much money, and received a $4000 1099-misc from a job i did. When i went to file the H&R block tax specialist told me that the fee just to file this alone would be $300, not including the rest of the fillings. I was absolutely blown away. I ended up getting up and walking out, and the rep called my cell phone stated that these are the prices. I ended up using turbo tax and the total filling fee was less then a $100. Felt i wanted to share this to make sure people stay away from these thieves. +I'm sorry to have to write this, but due to a loved one's emergency, I'm out of money \- dead broke. Nothing to sell or anything. I am in an EU country, where I do not have the legal right to work \- and there's so much unemployment here, finding a job would be next to impossible anyhow. I'm an intelligent, hardworking and capable person. I am currently earning some slight money writing essays, but there is little work at the moment there. I'm also doing Mechanical Turk, which is very low\-paying and has the unfortunate consequence of sucking time away from activities which could be a bit more lucrative. + +Is there any remote work I could do through Skype or online which could help me reach my daily expenses \(again \- $40 \- $50\)? + +Unfortunately, I can't leave where I am for about a year. I own property, which I also cannot sell for a year, nor can I get a home equity loan, for reasons having to do with my temporary residence permit. Ironically, I came over here to help others and have done a lot of hard work doing just that . . . now I'm in dire straits! + +I won't do anything illegal, obviously! But anyone who can help me come up with something would be a great hero to me. I'm bright and able to handle all sorts of projects. And willing \- dying, even \- to work. + +Thanks in advance. +I (27F) was approached with a new opportunity in my field of work (same position). The offer they gave me is a base salary of 105,000 plus 6-8% yearly bonus. In my current role, my base salary is 70,000 plus commission. Commission floats between 1-2k per month depending on recognized revenue. I really like the role I’m in right now, I like my coworkers and I truly believe in the company’s services and mission. The new role would not only be substantially more money, but it also comes with a much better “senior” level title. I had no plans at all to leave, and I’ve only been at my current company for a year. They (current role) originally recruited me to build out a new team at the company but it hasn’t quite panned out the way they had “sold” it to me a year ago. I am a team of one, and I really don’t want to leave them high and dry. I am also not crazy about the prospect of taking on all the labor that comes with starting a new job, but I can���t get past the salary. I would like to buy a house someday soon, and I can’t help but think about how much more quickly I could get there with the big pay jump. Thoughts? Am I off my rocker to consider turning it down? + +&#x200B; + +Edit: you guys are the best. Thank you so much for the advice. +I use Screener.in and Tickertape but I've seen that the data on these screeners is highly inaccurate compared to original company data. Kind of ruins the point of accurate analysis. +I am looking to buy different covers for myself (health, term). I came across personal disability cover which offers you cover incase of complete or partial disability. (See [this](https://www.maxbupa.com/personal-accident-insurance.html) for reference). Do I need this if I am already getting the term cover? Also, which term cover do you recommend? + + +EDIT: I just saw that some term insurance have riders to opt for critical illness and accidental disability. Is it better to get these riders along with term or get these insurances separately. +So my father gives me around 3500 to 4000 rs as pocket money per month for college since i live in hostel and every month i am thinking of investing around 1500rs to 2000rs in stocks so that in future i can buy my own things instead of depending on others. So my dad already has some account for share market in icici and he said he would give me the details but then what to do i have no idea and also my dad doesnt invest stocks at all so even he wouldnt have a clue. +So my question is how to invest in stocks and which stocks should we invest in for getting the most profit out of it since i am looking to collect atleast some 50k within the next 1.5 to 2 years so that i can have some savings. Or is there any other method other than stocks like freelance(or whatever) that i can spend my time on. All advices appreciated! +How does this sub rate Zerodha? Has anyone ever been duped by them on the basis of the power of attorney? Would you recommend a newbie to sign up with them? + +Edit : Thanks a lot everyone! Really grateful for the knowledge I've gained from my first post on this sub. +It's that time of the month. Some of us just received cash from salary or business income. What are you planning to invest in? What did you sell, and why? If you are continuing to hold onto existing investments, what are they and why do you hold them? Are you avoiding anything? Again, why? + +The discussion is not just for individual stocks of companies, but also for mutual funds and other investments. Feel free to share your investment rationale. This thread does not exist not only for disseminating knowledge on investment decisions (the why?). Others are free to assess your rationale. + +Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. None of this is investment advice or a stock recommendation. Kindly do your due diligence and/or consider seeing a registered investment advisor before making any financial decisions! + +Previous [Links](https://www.reddit.com/r/IndiaInvestments/search?q=monthly+discussion+thread+&sort=new&restrict_sr=on&t=all) + +PS: Be friendly. Be civil. + + +https://preview.redd.it/1w934bc1ad991.png?width=878&format=png&auto=webp&s=2e7e0713e0620395c4031e60af538acdbaa3131b + +Hello Apes, + +We would like to continue to keep you informed about the developments of DRSGME. Transparency is very important to us. We strongly believe that feedback is the only way to get better. For this reason, we try to have many avenues to receive feedback and we also try to answer every single question. + +In the last few days since the launch of the fundraising campaign, we're very glad to report that the amount of feedback has multiplied many times. We have received so many great messages and warm words, which has made our entire team extremely happy. We would simply like to say "thank you" at this point. Without the unbelievable support, hints and corrections, we would probably have been forgotten long ago today. + +At DRSGME, we represent our own opinions and ideas. We always try to do everything right and to improve continuously. We will never speak on behalf of Superstonk or any other community. As self-identified activist investors face fraud, corruption and other criminal activities every day. Suddenly a handful of retail investors are making it their business to educate investors about DRS and address GameStop's transformation process? In their spare time? And the goal is to do that even outside of Reddit? And then they ask for money too? What the hell? + +We appreciate and welcome the suspicion and skepticism. Therefore, it is immensely important for us to be transparent about what is happening in this project and what we intend to do. We are a team of over 50 people, considering the number of users on our Discord server, which has been set up to organize this project. Nevertheless, we are humans - humans can make mistakes. We work every day to improve. + +In order to help facilitate that improvement, we asked for feedback as a team from the Superstonk discord server. These questions were submitted and recorded anonymously in a Google document. The phrasing of the questions were left exactly as they were sent to us. + +We hope this exercise will help by providing our answers to some of the most pressing questions from the SuperStonk discord community and also by showing our dedication to accessibility and transparancy. + +Future Q&A sessions with our team will happen in the future as this project continues to grow and as our DRS advocacy and advertising strategies move forward. + +**1.** **Whose decision was it to produce an advertisement on Facebook using a Guy Fawkes mask?** + +*Even if it was an individual decision, we as a team at DRSGME stand united behind it. We will never put individual team members in the foreground and thus make them a potential victim of insults, hate or other accusations. It may carry more weight as a symbol and overall distract from the intended message, and we are taking this point to heart in future internal discussion to focus more on facts than on sensationalism.* + +**2. Do they (The people who chose the Guy Fawkes mask) not know it's a symbol of not only terrorism but also Anon, a hacking group that does illegal activities?** + +*It is not clear if the creators of the ad were aware of whether this symbol could be misinterpreted. Therefore, based on the feedback from the community, we also decided to pause and adjust the current campaign with the motifs.* + +*The main reason for this decision was the fact that this image is polarizing and that people associate Guy Fawkes with the will and drive to change something for the better. We strictly reject any potential affiliation with Anonymous or other groups with illegal methods.* + +**3. Also whose decision was it to include phrases like "class warfare" into the ads for drsgme.org?** + +*In none of our ads is or has the word "class warfare" ever been used. This is a false accusation and we strictly reject it.* + +**4. Who is producing these ads for drsgme.org?** + +*All ads were created internally by the DRSGME team.* + +**5. Are you aware that these kinds of advertisements are, by their very nature, dangerous not only in the misinformation that they carry, but also put those who support your organization via donations at risk of legal action?** + +*This is incendiary and we would like to have more detailed and specific instances in order to provide comment, such as which misinformation is being referred to and what kind of legal action could be justified against a citizen donor.* + +**6. Do you personally know any of the other people who you work with to promote drsgme.org?** + +*We do not understand the purpose of this question, but would like to answer it anyway. Two people within the team know each other personally. The rest only know each other via chat or digital meeting.* + +*Moreover, we have no knowledge of whether more people know each other personally. We also do not keep any personnel files. This project consists of independent volunteers only. Everyone in the team only needs a username. We do not ask anyone to reveal their true identity or location.* + +**7. Have you met any of them in person?** + +*As already mentioned, two people know each other personally.* + +**8. Can you confirm that you haven't been compromised by an agent provocateur?** + +*We cannot answer this question. What would such proof look like?* + +**9. Who is responsible for writing website copy, what discussions have been had about the copy and can we see them?** + +*The content on the website is reviewed internally in the team. When content is selected, multiple instances are run through. From the idea, to the implementation and quality control.* + +*There is no blanket answer to this question. We will not publish internal records so as not to highlight any team members individually.* + +**10. Are you aware of: "The Foreign Agents Registration Act (FARA) (2 U.S.C. § 611 et seq.) is a United States law requiring persons engaged in domestic political or advocacy work on behalf of foreign interests to register with the Department of Justice and disclose their relationship, activities, and related financial compensation."** + +*'On behalf of foreign interests' is weighted language. We didn't check if participants and contributors to DRSGME are directly registered stockholders. We do not request stock receipts. We rely on trust within the team.* + +*Our team has a personal vested passion for this advocacy. We do not collect further personal information from any volunteer contributor. We don't get any financial compensation from this project.* + +**11. Are you aware that participating in a group or organization, whether official or not, that is involved in advocating the destabilization or destruction of US financial institutions is a violation of the above?** + +*We would not agree that direct registration is itself advocating the destabilization or destruction of US institutions. Direct registration, through self-custody of share certificates, is an older element of the markets at large than brokers, the DTCC, Cede and Co and other mainstays of today’s financial world.* + +*NYSE and similar exchanges are private non-government entities subject to market whims. In a fair market, direct registration would lead to market volatility and price discovery - which would not destabilize the market in broad. Also our concern is just about informing why DRS is a good thing in our opinion. We don't suggest or incentivize anyone to buy shares. We are no financial advisors.* + +**12. The used search terms, price paid and overall strategy seem to be made by non professional people on internet marketing. How can we make sure money is not going down the drain?** + +*You can't. Donators should be aware this is a volunteer consortium of amateurs and no results or products are guaranteed.* + +**13. With a project like this, taking apes money and saying you’ll use it to expand the word of drs, the expectations are REALLY high. Why does this campaign look so unpolished and all over the place?** + +*First of all, we would like to clarify that we are aware of our mistakes (e.g. grammar that needs improvement) and this will no longer occur in the updated ads. In addition, "unpolished" is always very subjective.* + +*Moreover, as mentioned above, this project was created by non-professionals in their spare time. These people live in different countries around the globe and are not all native speakers. We mean this not as an excuse for any unprofessional behavior, but as context for it.* + +**14. Why not open an own sub where to collaborate. Not only that, why act all defensive when people on the sub correct the grammar, when it’s the sub paying?** + +*Since the independent team of volunteers mostly consists of Superstonk users, we've seen this as our home as well. We never ruled out using our own subreddit, but primarily wanted to focus on the two major subreddits related to GME to get the most feedback and support.* + +*If it seems like DRSGME.ORG representatives are defensive, please remember that we are a group of volunteers working in free time for something we all share passion for. As before, we mean this not as an excuse for any unprofessional behavior, but as context for it.* + +**15. At what point do the operators of the site recognize that their actions are, intentionally or not, leading towards divisiveness?** + +*We fail to see the issue with this. There is a clear line between owners of a stock and beneficial owners of a stock, and it's in those gray areas where market forces enact the greatest inequalities.* + +*If a party is choosing to react divisively to DRSGME.ORG content rather than engaging in meaningful criticism of the content itself, that does not make it a DRSGME.ORG responsibility.* + +**16. Does the site understand that, at this point, it appears as if the subreddit appears to be shifting from a forum to promote GME, Gamestop, and Computershare, to one that supports an off-sub site instead?** + +*We would disagree with the premise that the DRSGME site is responsible for its own popularity on a public forum, but moving direct discussion to a new dedicated sub is something we are looking into.* + +*Our intention is that the contributions of DRSGME team members or contributions with a DRSGME connection are perceived positively in the forum.* + +**17. With that in mind, does the site intend to make any kind of statement, using the platform of support it admittedly has, to call for a cooldown on pro-site brigading, and will the operators take similar steps on their own accord?** + +*We do not think a cool down is necessary. Policing community posts is not the job of DRSGME. Reddit is a place where users decide what they want to see. As long as we have that freedom, users should be included in such decisions as well.* + +*Last week's Temperature Check post (*[*https://www.reddit.com/r/Superstonk/comments/vkdbj2*](https://www.reddit.com/r/Superstonk/comments/vkdbj2/drsgmeorg_temperature_check_community_discussion/)*), the team tried to answer every single question to ensure even greater transparency and we would like to hold future discussions about how DRSGME.ORG can further improve.* + +**18. Should the site set up its own subreddit, and move all pro-site action to there, rather than sowing divisiveness on** /r/superstonk**?** + +*This question is formulated rather sharply (“sowing divisiveness”) and has already been answered comprehensively in question 16.* + +**19. Alternately, what plans does the site have to heal the current divide, keeping in mind the general attitude towards any kind of monetization as well as speaking for investors who do not choose to be represented by your site?** + +*The site is intended as an informative resource: DRS in combination with GameStop shares and GameStop's official transfer agent Computershare.* + +*DRSGME is not claiming to represent anyone and exists to spread access to information about DRS such as FAQs, Q&As, and tutorials along with ancillary information about GMEs transformation.* + +*The GME transformation is directly relevant to DRS at large because it is the only company whose investor base is choosing to invest in this way in such a magnitude. As stated before, we do not believe that there is a division that needs to be healed.* + +*We are well aware that the larger our reach becomes, the larger the community becomes. In order to create the strongest informational resource, we would like the input of all investors, whether they invest in GME or other stocks and also whether they direct register or hold their shares in beneficiary ownership.* + +**20. The used search terms, price paid and overall strategy seem to be made by non professional people on internet marketing. How can we make sure money is not going down the drain?** + +*This is a repeat question (see question 12).* + +**21. With a project like this, taking apes money and saying you’ll use it to expand the word of drs, the expectations are REALLY high. Why does this campaign look so unpolished and all over the place? Why not open an own sub where to collaborate. Not only that, why act all defensive when people on the sub correct the grammar, when it’s the sub paying?** + +*This is a repeat question (see question 13).* + +**22. What type of marketers are you referring to exactly? Affiliate?** + +*This is a repeat question (see question 4).* + +**23. How many people are on this 'ad team'?** + +*We cannot give an exact number because our internal organization is fluid, where team members are welcome to chime in on multiple projects and contribute to open discussion. There are people in the team who have certain skills and use them when they a) have capacity for it and b) feel themselves up to the task.* + +*We encourage self-drive and self-confidence in the team, we don't put pressure on anyone as this project is already time consuming. Almost everyone in our team either has a full-time job or is a student. There are currently about 5-7 people working on the campaign.* + +**24. Are you involved with the design of the advertisements?** + +*There is no one person in the team who makes decisions alone. We work with the “four-eyes principle” and try to ensure that we always have quality control before publication.* + +*Unfortunately, in one or two cases this did not work out as we had imagined. We have learned from these mistakes, discussed them internally and will work to avoid them in the future.* + +**25. Are you involved with uploading the ads to any social media services?** + +*This question is aimed directly at me,* u/derhyperschlaue*. There are 4 people in the team who have access to Google and Meta advertising platforms. I was not involved personally in uploading them.* + +**26. Do you have the final say in all decisions of the organization?** + +*This question is aimed directly at me,* u/derhyperschlaue*. I am one of the initiators of this project and have the possibility to intervene in all the tools used. I do not see myself as a leader or boss but as a mediator and organizer. My job is to connect people to achieve the best for the project. In case of a catastrophic failure or something similar, I can intervene at any time.* + +**27. If an advertisement that is regarded as 'tasteless', 'in bad form', 'misleading' or 'dangerous' was published by either you or the drsgme.org team, what steps would you take to review the advertisement and remove it if necessary?** + +*Feedback is very important to us. Feedback is the only way to improve. That being said, we on the team believe in looking forward and maintaining internal review by our volunteer graphic designers and advertising professionals.* + +*However, we think it could be a great community engagement to poll the subreddits (either a DRSGME sub or Superstonk/GME sub) for favorite ad ideas in the future and we will provide details and ideas for that in the future.* + +*We are actively exploring if a DAO with governance tokens would address this and how to implement it. The research for this is still in early phases, expect a post just for this topic as it has to be done right.* + +**28. Is the team aware that, regardless of the blanket statement "this is not financial advice", that by advertising for the site and its process, that they actually are giving financial advice?** + +*It is not advice to say that a retail investor can only own stock by directly registering their shares. It is a fact.* + +**29. Therefore, if anything goes wrong, anywhere, is the entire team aware it can potentially be on the receiving end of lawsuits by other users?** + +*We are not convinced this is true.* + +**30. At what point do the operators of the site recognize that their actions are, intentionally or not, leading towards divisiveness?** + +*This is a repeat question (see question 15).* + +**31. Can you please elaborate on the geographic location of your core and extended team?** + +*We will not share location data of volunteers. We also do not collect location data of volunteers. We also do not track location data of volunteers. If it is in our possession it was volunteered by the contributors involved.* + +**32. Are any members of your team located in countries that are presently the subject of US sanctions?** + +*We do not see the relevance of the US government sanctions to the discussion here.* + +**33. There are a lot of things about anonymity I respect, but you guys are essentially running an organized campaign and it doesn't seem like there would be any way to hold anyone accountable. We pointed out the concerns over a guy fawkes mask in an ad. If any member of your group managed to get an ad posted that caused significant legal issues would your team be able to hold them accountable for their actions or would everyone on your team be seen as an accomplice?** + +*We had support from a lawyer at the beginning of the project. However, we will probably need further support and advice as the project progresses. We are grateful for any help, feel free to contact us if you are interested in volunteering your time and expertise. Thank you.* + +**34. Are any members of your team/organization under their country's legal age of adulthood?** + +*We do not gather personal data of our volunteers. Contributions are grounded in research and internal review. Individual articles are not attributed to specific writers and the site is a collaborative passion project.* + +**35. What kind of process is in place for quality control and fact checking of content?** + +*Since the project was published, we have already received over 180 emails via hi@drsgme.com, countless Reddit direct messages as well as comments under our posts, and - as of today - 337 submissions via the contact form embedded on the website.* + +*We work with the “four-eyes principle” and want to ensure that we always have a quality check before publication.* + +*Despite this flood of feedback, we take great pride in being able to respond to most every question in a reasonable amount of time. At this point we would like to point out again that GiveAShare.com approached us to thank us for the article "How to buy a share through GiveAShare", confirmed accuracy, and additionally asked us if they could forward inquiries from their customers about DRS to us (*[*https://www.reddit.com/r/Superstonk/comments/uw8g0n*](https://www.reddit.com/r/Superstonk/comments/uw8g0n/drsgmeorg_becomes_more_and_more_popular/)*).* + +**36. Who exactly are the intended target audiences of the ad campaign? Generic investors? or GME shareholders only? Follow up questions on 37 & 38.** + +*At the beginning of the project, we were very focused on GameStop. Over time, we realized that the DRS concept is not only useful for GME shares. We are not experts for other securities and other transfer agents. For this reason, we decided to focus on DRS in combination with GameStop shares.* + +*With our articles and contributions, we would like to ensure that retail investors inform and educate themselves. We are only information mediators and motivators.* + +*Through this focus on GameStop, we also aim to educate people who have heard of GameStop about what is currently happening. One of the biggest digital transformations. Who would have thought in 2020 that GameStop would soon be one of the most downloaded and highest rated crypto wallets in the Chrome Store? Who thought GameStop would be partnering with Web3 companies?* + +*Something big is happening here. We believe that retail investors, whether already invested in GME or not, should know about this transformation.* + +**37. If the intended audience is GME shareholders, kindly elaborate on what some of the ad-campaign messages such as "save your investment before the crash", "how much debt do you have", "wall street and corporations have corrupted the political process" intend to achieve?** + +*In the case of the GME investor who already is aware of these concerns through their exposure to the collective research of the investing community, it may help to instill a feeling of resolve or the urge to act.* + +*We do agree that these lines are sensationalist, and know that they may have been chosen to drive engagement. Sometimes the facts and numbers are dry.* + +**38. If the target audience is non-GME investors, then isn’t the team trying to promote and convince people to buy GME through the ads? Or does the team intend to educate non-GME investors on why they should DRS and how to DRS their non-GME shares?** + +*This was answered in response 36.* + +**39. Does your site provide an in-depth pros-and-cons analysis on shares being held in brokers vs shares being held in transfer agents? Especially since there is a huge difference in the range of services available to an investor with respect to the method of holding shares.** + +*Yes, and if it is not thorough enough, we would gladly look to expand it.* + +**40. Do you understand that by proclaiming the reasons for drsing such as "expose corruption" and "revolutionize wall Street", you are opening the door to possible economic collusion accusations?** + +*We disagree that this is the case, and if it is, that is the responsibility of the DRSGME team.* + +**41. Do you understand that one of the only ways MOASS could be stopped is if large scale collusion charges saw fruition?** + +*We don't agree. DRSGME.ORG is for educational purposes only.* + +**42. Shouldn't you be minimizing any narrative of a "group" or any reasons to buy besides liking the stock?** + +*We don't agree with this either. Gary Gensler has made clear social sentiment is not what is intended when discussion of collusion takes place.* + +*The DRSGME group is a small portion of the DRS group, which is a small portion of the GME group, which is a small portion of the broader market space.* + +**43. Why is "secure your investment" not enough of a reason?** + +*It is enough of a reason.* + +**44. Who was behind the marketing ad containing a person wearing an anon mask with a sign stating "how much debt are you in" ? (The Guy Fawkes Ad)** + +*We will never put individual team members in the foreground and thus make them a potential victim of insults, hate or other accusations.* + +**45. How was this advertisement (The Guy Fawkes Ad) drafted?** + +*We do not understand this question. If the question is about the creation process, then the answer is: "Just like all the other ads."* + +*Despite the danger of repeating ourselves here: We are aware that this motif in particular has been very controversial. Therefore, we have decided to withdraw and revise the campaign.* + +*Nevertheless, it is interesting that the motif with Guy Fawkes achieved one of the highest click-through rates. Polarizing ads get the biggest reach and engagement rates on social media like Facebook or on Instagram. For this reason, we had prioritized this type of imagery.* + +*As of today, $89.28 has been spent on the entire campaign on Facebook/Instagram. Only $22.86 was paid for the “The Guy Fawkes ad”.* + +**46. Who on the team checked it (The Guy Fawkes Ad) before release?** + +*We will never put individual team members in the foreground and thus make them a potential victim of insults, hate or other accusations.* + +*We use the “4-eyes-principle” to ensure the best results. In this case, this process resulted in an advertisement which was not well received and we will improve.* + +**47. How much money was spent on it(The Guy Fawkes Ad)?** + +*This was answered in response 45.* + +**48. Do you think your advertisements in their current form have a positive effect on people who are not familiar with the situation?** + +*It is too early to know. We can hope so. Again: We are aware that this motif in particular has been very controversial. Therefore, we have decided to withdraw and revise the campaign.* + +**49. Do you think that a website dedicated to get new investors onboard (and spending money to do so) for an investment the organizers of the website are invested in themselves could be seen as a ponzi scheme from the outside and do more good than harm?** + +*We assume you mean more harm than good. We do not agree that having another alternative resource for information about DRS would have a net negative effect. We welcome any party who is interested to spread the word in their own way.* + +**50. What is the relationship if any to, Urvin Finance and any other group under the same LLC?** + +*Admittedly, we don't understand why this question is being asked. In the AMA with Dave Lauer a few days ago (*[*https://www.reddit.com/r/Superstonk/comments/vob69v*](https://www.reddit.com/r/Superstonk/comments/vob69v/the_gazebo_just_posted_an_ama_wdave_lauer_talking/)*), Dave Lauer was asked by Brad if he knew DRSGME.ORG. Dave Lauer responded with "I've heard of it." That is the only known "connection" if you like.* + +It's perfectly normal for opinions to differ - in fact, that's a very good thing. Without the possibility to discuss and exchange with each other, we (not only DRSGME) would never develop. Before we managed to get these questions, we had to fight some pretty nasty insults and hate messages. We still get plenty of hate messages via email or in the comments. We condemn any form of hatred in the strongest possible terms. + +“Ape help ape” is our motto in this sub. So be nice to each other and ask your questions, give us your feedback or just post rockets and bananas emojis if you are happy. + +&#x200B; + +[DRSGME loves this community!](https://i.redd.it/tv42yjtibd991.gif) +Was going through my feed and started reading this post by a startup founder that recently exited... with nothing left for her after the investors were paid out (sadly, a not-at-all-uncommon experience.) What I didn't expect was the post to turn into more of a commentary on her attempts to live a FIRE lifestyle. Thought you all might find it interesting. + +[http://www.daniellemorrill.com/2019/08/reflecting-on-my-first-18-months-in-denver-2019-mid-year-checkin/](http://www.daniellemorrill.com/2019/08/reflecting-on-my-first-18-months-in-denver-2019-mid-year-checkin/) +I was listening to [this episode](https://www.howtomoney.com/overcoming-poverty-achieving-financial-independence-and-intentional-living-with-jillian-johnsrud/) of *How to Money* the other day and it struck me how frequently I see owning multiple homes and renting them out presented as the easiest way to achieve financial independence (you even see it with [Graham Stephen](https://www.youtube.com/channel/UCa-ckhlKL98F8YXKQ-BALiw) and [Minority Mindset](https://www.youtube.com/channel/UCT3EznhW_CNFcfOlyDNTLLw) as well). + +Is owning multiple homes and renting them out to people who can't afford homes of their own really the best way to make money and achieve financial independence? What are the alternatives? Data and opinions both wanted. + +----- + +**Edit**: As others have pointed out, I know this isn't really "passive income" since that phrase itself isn't really accurate. I'm just not sure what to call this specific category of activity/investment/purchases/behaviors. +I’ve spent the last 2 months attempting to inform and educate people on Repo and by extension, the Fed’s RRP. To be honest, it’s not working so well, for the same errors keep coming up. So for this version, I’m just going to jump to the common misconceptions I see on an almost daily basis and people can refer to my repo 101 guide for more info. + +**Common Misconceptions:** + +**Banks are using the RRP to do (doesn’t matter)** False. Money Market funds are the majority of the participants. Here’s every instance of the RRP from 9/2013 until 4/2021 https://imgur.com/a/Mf1NAB6 87.7% MMFs 1% banks. + +**No really banks are using it to (doesn’t matter)** Still nope. Besides the documentation showing they aren’t, why would they? They have access to both the IOER and OBFR which have higher rates than the award rate of the RRP + +**Ok, then it’s Hedgefunds** nope, they aren’t approved and never will be. Risk profile is way to high for the Fed. + +**Whomever is using it is taking that collateral and using it for (doesn’t matter)** Cant happen. The RRP is performed in triparty format https://imgur.com/a/52iRI1w The collateral is held by a third party (hence the Tri of triparty) and the borrower never has physical access to the collateral. This means it can’t be used for margin, or short covering or anything else. + +**Whatever the RRP is, it means the Fed has lost control and doomsday is imminent, right?** Incorrect. The RRP is probably the most meaningless operation the Fed performs. It has big flashy numbers, and to steal from the Bard “full of sound and fury, signifying nothing” + +**Whatever, your account is only 60 days old, what do you know?** I traded repo for 20+ years, from 94-2016. I had a front row seat to the GFC. I won’t comment much on equities but I know my repo. + +**ok, so the RRP is happening because MMFs can’t buy any bills because they are all gone?** No, people keep saying there is no Bill paper (and they have some reason behind what it’s being used for) But there is bill paper. Anyone who says otherwise (cough YouTube guys cough) is wrong. If the 1-3mo bills were bid at .01 in March but are bid at .05 now, how are they both cheaper and more scarce? Can view the curve from 2021 here https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yieldYear&amp;amp;amp;year=2021 edit new link - https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yieldYear&year=2021 + +**Then what’s going on?** Well, there is a ton of money in the system. Since 2020 (the beginning of the pandemic) balances in MMFs are up over a trillion dollars. https://imgur.com/a/r72wt5T They aren’t the only ones with more money nor are they the only ones buying paper but they are one of the few with access to the RRP. The choice becomes quite simple. Purchase a 1-3month maturity asset at .05% yield, locking in your money at that extremely low rate. **or** Invest in the RRP at .05% yield but only be locked in for a single day. + +**But I just saw on YouTube that bills were trading below the RRP rate, explain that?** I know it may seem surprising that someone cherry picked data to get clicks on a video but they reference the yields falling below the RRP. The trade occurred at 6:30am, well before dealers were at their desks to trade. But you can see here https://imgur.com/a/BYt0Acj which single data point they chose, I didn’t point it out, but you can see their cherry pick. And to cement my comment in the response above, it certainly didn’t last long down there. Collateral is there, if you are willing to pay through the RRP. It’s not scarce, it’s expensive. + +**Well, what happens when we hit 1trln? Or even higher?** Frankly, nothing. MMFs have 60day WAMs (weighted average maturity) on their portfolio. Assets mature almost daily for them, without better options, the money will be reinvested in RRP. It’s going to trickle higher and higher as time passes, until short rates (short bills and BGCR yields) move higher. + +**But at what point is enough, enough? When does the Fed step in?** The Fed uses the assets in the Soma portfolio to conduct this operation. Currently, they have 4.5trln in treasuries to support the operation. In addition, most of the approved MMFs can take AGY paper which they have another 2.3trln https://www.newyorkfed.org/markets/soma-holdings The latest statistics on the size of the Money Market world is around 5trln https://www.financialresearch.gov/money-market-funds/us-mmfs-investments-by-fund-category/ So the Fed has it covered even if they **increase** the amount that can be taken which was mentioned in the June minutes https://imgur.com/a/H0Pkh2q + +**So the RRP is basically holding up the markets? It’s the crutch of fixed income?** No, it really has no bearing on the economic health of the markets. However, the RRP only gets used consistently when rates are this low, and if they are this low, obviously something bad happened. What it does help is keeping banks and MMFs from making the hard choice between turning down new/closing out current business or charging negative rates. Both of those options are bad for the markets. + +I’m going to stop there. Happy to answer questions, just post away. + +Edit - my repo 101 guide is here https://www.reddit.com/r/Superstonk/comments/olugxx/repo_101/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +I’ve spent the last 2 months attempting to inform and educate people on Repo and by extension, the Fed’s RRP. To be honest, it’s not working so well, for the same errors keep coming up. So for this version, I’m just going to jump to the common misconceptions I see on an almost daily basis and people can refer to my repo 101 guide for more info. + +**Common Misconceptions:** + +**Banks are using the RRP to do (doesn’t matter)** False. Money Market funds are the majority of the participants. Here’s every instance of the RRP from 9/2013 until 4/2021 https://imgur.com/a/Mf1NAB6 87.7% MMFs 1% banks. + +**No really banks are using it to (doesn’t matter)** Still nope. Besides the documentation showing they aren’t, why would they? They have access to both the IOER and OBFR which have higher rates than the award rate of the RRP + +**Ok, then it’s Hedgefunds** nope, they aren’t approved and never will be. Risk profile is way to high for the Fed. + +**Whomever is using it is taking that collateral and using it for (doesn’t matter)** Cant happen. The RRP is performed in triparty format https://imgur.com/a/52iRI1w The collateral is held by a third party (hence the Tri of triparty) and the borrower never has physical access to the collateral. This means it can’t be used for margin, or short covering or anything else. + +**Whatever the RRP is, it means the Fed has lost control and doomsday is imminent, right?** Incorrect. The RRP is probably the most meaningless operation the Fed performs. It has big flashy numbers, and to steal from the Bard “full of sound and fury, signifying nothing” + +**Whatever, your account is only 60 days old, what do you know?** I traded repo for 20+ years, from 94-2016. I had a front row seat to the GFC. I won’t comment much on equities but I know my repo. + +**ok, so the RRP is happening because MMFs can’t buy any bills because they are all gone?** No, people keep saying there is no Bill paper (and they have some reason behind what it’s being used for) But there is bill paper. Anyone who says otherwise (cough YouTube guys cough) is wrong. If the 1-3mo bills were bid at .01 in March but are bid at .05 now, how are they both cheaper and more scarce? Can view the curve from 2021 here https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yieldYear&amp;amp;amp;year=2021 edit new link - https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yieldYear&year=2021 + +**Then what’s going on?** Well, there is a ton of money in the system. Since 2020 (the beginning of the pandemic) balances in MMFs are up over a trillion dollars. https://imgur.com/a/r72wt5T They aren’t the only ones with more money nor are they the only ones buying paper but they are one of the few with access to the RRP. The choice becomes quite simple. Purchase a 1-3month maturity asset at .05% yield, locking in your money at that extremely low rate. **or** Invest in the RRP at .05% yield but only be locked in for a single day. + +**But I just saw on YouTube that bills were trading below the RRP rate, explain that?** I know it may seem surprising that someone cherry picked data to get clicks on a video but they reference the yields falling below the RRP. The trade occurred at 6:30am, well before dealers were at their desks to trade. But you can see here https://imgur.com/a/BYt0Acj which single data point they chose, I didn’t point it out, but you can see their cherry pick. And to cement my comment in the response above, it certainly didn’t last long down there. Collateral is there, if you are willing to pay through the RRP. It’s not scarce, it’s expensive. + +**Well, what happens when we hit 1trln? Or even higher?** Frankly, nothing. MMFs have 60day WAMs (weighted average maturity) on their portfolio. Assets mature almost daily for them, without better options, the money will be reinvested in RRP. It’s going to trickle higher and higher as time passes, until short rates (short bills and BGCR yields) move higher. + +**But at what point is enough, enough? When does the Fed step in?** The Fed uses the assets in the Soma portfolio to conduct this operation. Currently, they have 4.5trln in treasuries to support the operation. In addition, most of the approved MMFs can take AGY paper which they have another 2.3trln https://www.newyorkfed.org/markets/soma-holdings The latest statistics on the size of the Money Market world is around 5trln https://www.financialresearch.gov/money-market-funds/us-mmfs-investments-by-fund-category/ So the Fed has it covered even if they **increase** the amount that can be taken which was mentioned in the June minutes https://imgur.com/a/H0Pkh2q + +**So the RRP is basically holding up the markets? It’s the crutch of fixed income?** No, it really has no bearing on the economic health of the markets. However, the RRP only gets used consistently when rates are this low, and if they are this low, obviously something bad happened. What it does help is keeping banks and MMFs from making the hard choice between turning down new/closing out current business or charging negative rates. Both of those options are bad for the markets. + +I’m going to stop there. Happy to answer questions, just post away. + +Edit - my repo 101 guide is here https://www.reddit.com/r/Superstonk/comments/olugxx/repo_101/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +Hi, my partner and I applied for preapproval for a loan so we could buy at auction. We applied back in late March through a broker and it's now early June and we haven't got it. We went with ME Bank. +Our broker advised a few weeks ago that she had been told it was almost ready but the Bank just needed updated payslips. We provided those and now, almost 3 weeks later, haven't heard further. +There's a perfect house going to auction today which we're just going to have to miss. +Has anyone else had problems with preapproval taking much longer than expected?? I know there are backlogs at banks at the moment but this is just ridiculous! +Hello, + +My mother recently recommended her financial advisor call me. We had an hour meeting going through my background and plans but I'm not sure if it's necessary for me in my current situation. + +I just started my career at 27 with a modest salary of $45,000. I live on my own and have little discretionary income (\~$300/mo). I have a pension and health care savings plan through work and about $35,000 in total debt (student/car loans) + +This advisor is fiduciary and charges 0.25% on investments. This seems like a good rate to me, I'm just not sure if, given my current life situation, it is necessary (I've always been quite conservative with my money). I already plan on setting up a Roth IRA and don't plan on doing much else until my discretionary income increases, so it seems like I would just be giving up 0.25% of my retirement fund. + +I'm new to personal finance so any input is welcome and appreciated. Thank you. +EDIT: Thank you all so much for the advice! I’ve decided to pull my crypto and tattoo fund (/sad) and then take the rest out of stocks to pay the card to $0. Now that I’m working full-time it will be much easier to budget. + + +I have one credit card that max’s out at $2,800. I currently owe $2,350 on it. + + +- Currently I use it for Costco runs about every month for the miles. +- I pay $300 towards it every month. Right now tends to bounce a bit under $2k before I use it for store runs again. I also have a second job that makes me a couple hundred bucks a month that goes straight toward my credit card, but it still just seems stagnant. + +I have a few nest eggs. My question is, how much of the following should go toward my credit card? + +- Stash account: $623 (tattoo fund) +- Edward Jones stocks: $3,000 (this used to have a lot more in it, but I moved this year and used a lot of it as a cushion. So I’d rather keep the rest in to build up again.) +- Cryptocurrency: $426. If I took this out now I’d lose a little, and was hoping to hold long-term. + +Any advice is welcome. Thank you! +I (24F) just opened my first credit card. I’ve been using a debit card for a bit now, and my mom suggested I get an AmEx. + +My parents have never really talked to me about money - and they have always been very vague about their financial standing. I feel like I have had to figure it all out on my own, which is overwhelming. + +I’m lucky to have some financial support from my parents. I pay for my own rent, utilities, clothes, fun activities, travel, gifts, etc. My parents still help with things like gas and food and phone bill. I want to get to a place where I can be fully financially independent of my parents soon. Finance has always been intimidating to me - partially because my parents did not prepare me as much as I wish, partially because I don’t know how to talk about it, partially because I freelance and never know how much I’ll make in a month. Please be kind. + +Thanks in advance for any and all help/advice you can offer! +Did some number crunching while bored after work tonight. Found something that is starting to show how the effects of evaporating liquidity are starting to show themselves. + +Over the first four months of 2021, GME has not seen a single day-over-day close-to-close price movement of >10% up or down on lower than 10 million volume. It's now happened 3 times in the last 6 days. + +&#x200B; + +[Bigger Movements on Smaller Volume = No More Shares](https://preview.redd.it/aeuuybdomrz61.png?width=598&format=png&auto=webp&s=d1b1bdffb8779be197c96096bb570517beeb62dd) +**Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.** + +*** +- + +###Disclaimer: + +Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here. + + +**Please be careful about what information you share and the actions you take.** Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams. + +*** +- + +###Rules: + + - All [sub rules](https://www.reddit.com/r/CryptoCurrency/about/rules/) apply in this thread. The prior exemption for karma and age requirements is no longer in effect. + - Discussion topics must be related to cryptocurrency. + - Behave with civility and politeness. Do not use offensive, racist or homophobic language. + - Comments will be sorted by newest first. + +*** +- + +###Useful Links: + + - [**Beginner Resources**](https://www.reddit.com/r/CryptoCurrency/wiki/beginner_resources) + + - [**Intro to r/Cryptocurrency MOONs 🌔**](https://www.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) + + - [**MOONs Wiki Page**](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki/) + + - [**rCryptoCurrency Discord**](https://old.reddit.com/r/CryptoCurrency/comments/kth255/join_the_crypto_currency_discord/) + + - [**r/CryptoCurrencyMemes**](https://www.reddit.com/r/cryptocurrencymemes) + + - [**Prior Daily Discussions**](https://old.reddit.com/r/CryptoCurrency/search?q=title%3A"Daily+Discussion+-+"+&restrict_sr=on&sort=new&t=all) + + - [**Monthly Skeptics Discussion thread**](https://www.reddit.com/r/CryptoCurrency/comments/n26p85/monthly_skeptics_discussion_may_2021/) +To all the beginners on here, which there are many, pennystocks dont require too much work. Find the buzz but more importantly, find the volume. Kodak had shit volume for the longest time. Just so hapoens that Monday, A DAY BEFORE the announcement, volume was about 8 times normal or so. The CEO had the balls to come on to CNBC this morning and feign ignorance but there was a leak on some level. These pennyturds are no different. Guys come on here to promote, or hit ihub, or whatever. They drop a good looking pr piece and you buy in. What you dont realize is that they have been buying up shares for days at rock bottom. Long story short, look for unusual volume that doesnt affect the stock price, thats the pros loading up. The pump will usually follow soon after. Most of you probably so young you just got of your moms teat and dont even realize Kodak already went BK once back around 2010. +The relentless four-day winning streak in [AMC Entertainment Holdings Inc.](https://www.bloomberg.com/quote/AMC:US) is drawing even more blood from short sellers. + +The movie theatre’s 120% surge so far this week has dealt investors betting against it roughly $1.3 billion in losses, according to financial analytics firm S3 Partners. The stock, which has become a poster child for retail traders using Twitter and Reddit to squeeze short-sellers, soared 36% Thursday to the highest level since May 2017. + +**Source:** [https://www.bloomberg.com/news/articles/2021-05-27/amc-s-four-day-surge-slaps-short-sellers-with-1-3-billion-loss](https://www.bloomberg.com/news/articles/2021-05-27/amc-s-four-day-surge-slaps-short-sellers-with-1-3-billion-loss) +I won't even tell you guys how little cash I have – it's ridiculous. Luckily, with some planning, I should be able to remedy that during 2015. So I'm looking around on the interwebz, trying to nail down a "cash goal" for 2015 and came across a 3-year old /r/worldnews post: ["Marx was right: capitalism can self-destruct". Economist Nouriel Roubini says the risk of a global recession is greater than 50%, and the next 2 to 3 months will reveal the economy's direction. Roubini also says he's putting his money in cash. "This is not the time to be in risky assets," he says.](http://www.reddit.com/r/worldnews/comments/jgq3y/marx_was_right_capitalism_can_selfdestruct/) + + +I suddenly VERY CLEARLY remember 2011. Constant chatter about the imminent double dip recession; headlines were as doom and gloom as the year before. Reminds me of #30 on [this list](http://www.businessinsider.com/things-everyone-should-know-about-investing-and-the-economy-2014-12): ***The phrase "double-dip recession" was mentioned 10.8 million times in 2010 and 2011, according to Google. It never came. There were virtually no mentions of "financial collapse" in 2006 and 2007. It did come. A similar story can be told virtually every year.*** + + +Mid-2009 I was flat broke with $60k in student loans. Many friends and peers were seriously spooked; they wouldn't have anything to do with investing or the stock market. (Some liquidated! wtf.) I'd just relocated to Ohio for a decent-paying job and seeing the shitty, shitty market I asked myself: *I wonder if I can hit the $16.5 max 401(k) contribution in 6 months...* It wasn't easy; I postponed paying off my loans, lived frugally, worked a 2nd job. And I didn't tell anyone. + + +That $16.5k I crammed in the latter part of 2009 is now worth what, $25k? $30k? Since then, through budgeting and frugality, I managed to pay off all debt and continue with the retirement contributions. I'm leaning toward 1/2 of my non-retirement money being cash. After 5 years of not-bad-to-awesome, if 2016 is at all nasty, I want to have some cash to BTFD. (And obviously emergency fund and all that.) + + +Just my long-winded reminder (to myself, really) that no one really knows anything. *Especially the press.* (I'd love to see returns from doing exactly the opposite of what financial headlines say to do.) + + +**tl;dr: Knowing that I'm pretty low on cash, I'm looking to the internet for context for a savings plan, stumbling onto 3 year old articles and realizing (once again) that no one really knows anything.** + + +So a lot of people asked me to recount this, God knows why, but I'm happy to do it if I can get it done before the Astros game. + +In 1987 I was at UT, having just finished my freshman year. I was interested in the markets, so I applied for an internship with Dean Witter. + +They didn't take anyone who wasn't going into their junior year, but the broker who was looking (Ken) really dug my interview and recommended me to the manager for a second interview, because he wanted to go against the custom to get me. + +That interview is a whole other story but when he asked "why shouldn't I give you this position", my answer was "because if you do, one day I'll take your job". He was aggressive, loved that, and let Ken hire me. + +I went in after class three days a week and made cold calls and stuff. It wasn't selling, that wasn't legal because I had no license. I was gathering information and trying to get people to talk to Ken. + +I was good at it and into it. My parents bought me some ties and nice shirts and slacks and so forth, and I dug in hard. I was putting up big numbers. + +Ken was a giant broker with his own little suite in the office on one end. Had his own reception area, conference room, and giant office. He was also as cool a 40 year old dude as my 18 year old ass had ever met. + +Anyway, one day I get out of class and head to the office as per usual. + +I walk in and there are women running everywhere, literally like the building was on fire. I thought there was a plumbing leak, fire, or fight or something. Back then we didn't think about active shooters. + +As I walk past the empty reception desk I see the first glass-walled office and this older dude, probably my current age (55) literally sitting at his desk crying like a fat kid who dropped his ice cream. I mean sobbing audibly through the window. + +I turn right to head to Ken's office suite and I see the same. Guys screaming into their headsets (we had wires attached to our phones back then), some crying, and the assistants running around. + +I found out the pneumatic tubes we used to send orders (they were handwritten on tickets back then) were overloaded and broken. They were running orders to the cage for processing. + +I get to Ken's office and walk in and he's on he phone and he literally waves his hand at me and screams "GET THE FUCK OUT!!!!!" + +I'm in complete shock. + +I go to leave and his assistant runs past me back to his office and I keep going to the door. + +She runs back and grabs me and says "wait... he needs you to call all these people and tell them to relax and answer the phone because Ken's gonna call them soon." + +She hands me his "B book", which is the way he kept his clients. They were on paper with ticket copies behind each person's page. They were arranged usually by size of account and activity. He was calling the "A book" and I was letting the B people know he was going to get with them. + +So the actual Dean Witter computer system got overwhelmed and pseudo-crashed. + +When we were placing orders they were coming back all fucked up in batches. So 10 people would sell IBM, and the trades were so fast and furious and everyone was selling that you couldn't match a sale to a ticket. + +At the end of the day the floor sent us massive notices that said shit like "your branch sold 10,000 shares of IBM at $100 (no idea if that was the price - just an example), 8,000 at $90, 15,000 at 87 5/8 (that's the way the prices used to be, in 1/8s), and 23,000 at 84." + +We all met in the conference room (I was there to find Ken's client pages when he asked for them) and literally, I shit you not, argued over who would get what price for which client. + +The manager would say "we've got 27,000 shares of Dell at 4 and 5/8 gone, 18,000 at 3 7/8, and 50 thousand at 2 7/8. Make your pitch." + +Ken would say "I need 10,000 of those at 4 5/8. My guy has 2.4 million with us, he's been my client for 5 years, and he fucking deserves it." + +Then other guys would ask for shares and the manager would ask who they were for and why they should get them. + +We were there all night. These guys cussed each other, cussed the manager, threw shit, stormed out and came back... it was a fucking war. + +Basically the bigtime brokers got the best prices, and they gave their best prices to their best customers. + +The thing is, that practice is illegal. It's called allocating trades. It what made Hillary Clinton a PILE of money in futures. She always got the lowest buy price and the highest sale. Not in that crash, way later. Long story but check it out. + +Anyway, that was all kinds of fuckery. Guys quit over it. If the manager didn't like you, your customers got raped. + +So we were there fighting for pricing til like 9 or 10, and calling clients to deliver the bad news until almost 1 a.m. + +So that sucked, but the weirdest was yet to come. + +Ken asked me to skip class the next day to help him call everyone he couldn't get ahold of, help the assistant field incoming calls, and work the paperwork for his books. I did it. Screw it. This was gonna be my career. + +I get there at like 7:30 and there are two effing armed guards at the double doors, which were closed and locked. + +I ask if we're closed (I just assumed the whole firm had gone under - I was still in a half daze), and got ready to leave. Security guy asks my name. I say "Bob Wheeler. I work for Ken." + +Dude knocks on the door and says "Bob Wheeler. Kid who works for Ken." + +The door opens and another armed guy lets me in. He takes my backpack and empties it on the reception desk. Says "okay, take your stuff." + +I get back to Ken's suite and find out from his assistant that we're all getting free breakfast. It was massive and badass. Like everything you could ever want. Bacon, eggs, biscuits, juices, fruits. I mean a major spread. + +So I ask her if it was bonus for some kind of great job and she shocks me to death. + +She says "no, and we're getting lunch too. We're locked in. We aren't leaving til the market closes and no clients are allowed in. There've been several death threats to basically everyone. When you leave you'll have an armed guard." + +I about shit my pants. It wasn't the same for a LONG TIME. The guys didn't go out for drinks together anymore, people didn't walk into each other's offices, nothing. For six weeks it was like working in a fucking cemetery. + +To Ken's credit he had people buying with both hands and I'm sure everyone who listened ended up rich, but it was a goddamned bloodbath and lots of brokers never recovered. + +So that's the story. When the market goes down 5% I'm not fazed. +Hi reddit, + +My SO and I recently thought through our investment strategy and would love to get some feedback. + +We’re hoping to get some sanity checks, see if we missed anything big and if our thought process is sound, or really anything else that seems odd or abnormal! + +Current state of affairs: + +(I will combine our money to make things simpler) + +Debt: 0 + +Retirement (401k, IRA, HSA): 350k (we both max out 401k contributions each year and max IRA) + +Taxable holdings (vanguard): 500k + +Emergency savings: 30k cash + +Income: 750k + +We live in NYC (high COL) + +Life goals: + +We mostly wish to save to: + +1. Retire in 20years (target is 10M for a comfortable life) +2. Buy a house within the next 5/6years (we’d like 400k for the downpayment) + +We are also planning to have kids (2) and we believe that our income should get us enough cash flow that we don’t have to plan our investment for it (not sure if that’s too optimistic?) + +Investment: + +We were thinking that given our somewhat high income we can afford to have an aggressive risk profile, so here’s the breakdown of what we came up with: + +1. Retirement: + +Have a 50/50 split of 2060 retirement fund and VTI in all the tax advantaged accounts (401k, IRA, HSA) and a 50/50 split between VTCLX and VTI in the regular taxable accounts (since we have an overflow of saving that we \*think\* we don’t need for anything else) + +2. House: + +Basically store 400k in VNYTX in our taxable accounts waiting a few years to pull the trigger. + +What do you guys think? Are we missing anything big? + +We are 31m and 29f if that matters - I recently posted this in personalfinance but got mixed reception/downvoted. + +Much appreciated! +By now, we've all heard about the crypto.com hack. About 12 hours ago, they tweeted that a "small number of users" reported suspicious activity on their accounts and that they would disable withdrawals for a bit, just to be safe. Just ten minutes ago, they tweeted "Update: Withdrawal services have been restored. All funds are safe." + +I personally have never used crypto.com specifically and therefore have no money on there. But honestly, if this had happened to one of the exchanges I use (I won't say which because it's not about that, but I use two of the big ones and have a relevant amount of money for me on each of them) I wouldn't have been worried at all. Big exchanges have insurance, have most of their funds in cold wallets, and especially a very public exchange like crypto.com couldn't afford the PR disaster of not refunding their customers if it was even remotely their own fault. + +I've seen a few posts and many comments saying that this proves you should never trust an exchange with cour crypto. But looking at how they reacted - immediately disabling withdrawals, communicating openly etc. - and considering they **have** to react this way to avoid a PR disaster - I think if this shows anything, it's rather the opposite: if you have a good password and 2FA, most likely it's totally fine to leave your coins and tokens on one of the big, trustworthy exchanges. + +I'm not saying you should not use your own wallet, for many people that's the better solution. But especially if you're new, you're much more likely to send your coins to nirvana or to lose your private keys than you are to lose your funds if you leave them on the exchange. + +I'm pretty sure y'all will hate this opinion, but I wanted to get it off my chest. Let the **NOT YOUR KEYS NOT YOUR CRYPTO!!1!** come! +House Speaker Nancy Pelosi’s trip to Taiwan ramps up U.S.-China tensions and risks pushing the countries further apart, according to one economist. + +The top U.S. lawmaker met Taiwan President Tsai Ing-wen on Wednesday in a highly controversial visit that has angered Beijing. + +“We’re on a trajectory of escalating conflict and this will certainly make matters worse. It plays well to local politics in the United States and in Taiwan, but it does not play well to geostrategic forces that are pushing these two nations apart,” Stephen Roach, a Yale university senior fellow and former Federal Reserve economist, told CNBC’s “Street Signs Asia” on Wednesday. + +Read the full article: [https://www.cnbc.com/2022/08/03/pelosis-trip-to-taiwan-makes-matters-worse-for-us-and-china-relations.html](https://www.cnbc.com/2022/08/03/pelosis-trip-to-taiwan-makes-matters-worse-for-us-and-china-relations.html) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Speaker Nancy Pelosi’s husband Paul just disclosed the purchase of more than $1 million of shares of AllianceBernstein Holding a global investment firm. + +Paul Pelosi bought 15,000 AllianceBernstein (ticker: AB) shares on Feb. 18, and then purchased 25,000 more shares on Feb. 23, according to a form Speaker Pelosi filed on March 9. Each transaction was valued at between $500,000 and $1 million. Specific figures aren’t required for disclosure, only ranges. + +Source: [https://www.barrons.com/articles/nancy-pelosi-husband-bought-up-alliancebernstein-stock-51615587247](https://www.barrons.com/articles/nancy-pelosi-husband-bought-up-alliancebernstein-stock-51615587247) + +[\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_](https://preview.redd.it/q60mvyel1if91.png?width=597&format=png&auto=webp&s=b1ca2813f268a49f3279dd5044300e919832170a) + +Nancy Pelosi visited Taiwan Semiconductor (TSM) today which escalated the conflict between the US and China. Sources says that Pelosi invested heavily in AllianceBernstain (AB), a trillion dollar fund with with positions in TSM worth $153 million. + +Do you think this is just coincidental or do you believe Pelosi's trip to Taiwan is for her own interests? +Hi Everyone, + +Does anyone have a value or growth thesis on Palantir? I have been trying to do a bunch of research but the financials and public documents are limited. I was just wondering if anyone has some sort of thesis on the company? Karp and Thiel are brilliant, but crazy at the same time +*Unpleasant Truth...* + +----- + +[3975 BTC](https://blockchain.info/stats) are mined every day --> 24x60/9.06x25=3974 (24 hours x 60 minutes / ~9.06 average time between blocks x 25 BTC block reward) + +Assuming that the mining farms in China are using the most efficient ASIC miner available on the market, that is to say the [Antminer S4](https://bitmaintech.com/productDetail.htm?pid=00020140916100720380cS1tRWd00684), it would cost about 37%^\* of their mined Bitcoins just to cover the electricity cost at a rate of $0.08/kWh which is the [average electricity price in China and India](http://shrinkthatfootprint.com/average-electricity-prices-kwh). + +So everyday, a minimum of 37% of the newly created coins has to be dumped on the market. Which is 1470.75 BTC or 423,576 USD. + +In an ideal world where everyone uses the most efficient ASIC miner, lives in China or India, and holds all their mined coins (and only dump as much as they need to cover the electricity), **a minimum of $423,576 worth of Bitcoins has to be bought everyday on the market to maintain a stable price (no price drops). Which in fact is more likely to be double $423,576** as miners also want to make a profit (by dumping more of their BTC for $). Also, miners are located all around the world (higher electricity rates) and not everyone uses the most efficient Bitcoin miners (Bitcoin miners have to cover for the hardware cost too!). + +---- + +^\* ^S4 ^specs ^are ^2TH/s ^for ^1.38kW/h ^at ^a ^rate ^of ^$0.08/kWh, ^BTC ^price ^at ^[$288](https://blockchain.info/charts/market-price), ^difficulty ^at ^[40,640,955,016.58](https://blockchain.info/stats) ^and ^block ^reward ^of ^25BTC: ^\(1.38\*0.08\*24)/(86400/(40640955016.58\*2\^32/(2\*10\^12))\*25\*288) ^~ ^37% +As mentioned - I'm the head tenant paying for a 4 bedroom apartment and collecting rent on the other 3 bedrooms. My rent expense is still greater than the inflow I get from the other sub-tenants - so should I still declare rental income to ATO? +Last year, my friend signed a contract for $300. This year, she renewed it with 12 month fixed term contract for $330. + +It has only been a month since she signed it. Today, they sent her a notice of rent increase - the rent is going up for $500. The reason is that the price needs to match the neighbourhood prices (CBD area). + +The new rent is too big for her to afford, and she's concerned. What's her rights here? Can we challenge it? + +On her contract it says: +1. The rental provider needs to give at least 60 days of notice (they did). +2. Rent cannot be increased more than once a 12 months. +3. The rental provider must not increase the rent under a fixed term agreement unless the agreement provides for an increase by specifying the amount of increase or the method of calculating the increase. + +=> what they put in for method of calculating the increase was: +Weekly rent$ Divided by 7 Times 365 days divided by 12 month. + +Edit: thanks for your comments. Another thought, does their method of calculating the increase make sense to you? It's more of calculating her monthly payment +I'm not making any moves yet, but I'm getting my shopping list ready and there are some absolutely crazy values out there right now. + +1. PYPL - Currently trading at a price it hasn't seen since 2018, and is at the lowest P/E in its entire history. The last time the P/E was anywhere near this low was back in 2016. At that time PYPL's EPS was $1\`.11. It's now at $3.03. So it's trading at levels not seen in years but is earning triple what it was earning back then. +2. GOOG - Currently trading at the lowest P/E in more than 7 years. It came close to this level back in 2019, when it was earning $49.50/share. It's now earning $110.50, more than double what it was earning then. +3. DOCU - Currently trading at a P/S of 6.3. The last time it was at this sales ratio was back in 2019, pre-COVID. At that time it was generating $7.84/share in revenue. It's now generating $10.70/share. Gross margins are higher now too. +4. CHWY - Currently trading below its IPO price at the dirt cheap P/S of 1.1. The previous lowest P/S was 3.2, back at the IPO when it was generating $13.40/share in revenue. It's now generating $21.30/share in revenue on higher gross margins. + +Bottom line: there are some companies out there trading at or below past levels despite generating considerably more earnings or sales now than they were back then. The unprofitable ones will rebound more slowly, but these are the higher quality companies that the smart money will start snapping up when it looks like the dust is settling. So be ready. +🗣 LOT Announcement Channel 🗣 + +[https://t.me/lotterytoken](https://t.me/lotterytoken) + +📝LOT contract Address + +0x26898013A78754022Aa2165DaBaE3F01c8F6d9BD + +💰 What is LOT? + +LOT is a frictionless yield token with a 🎉FUN 🎉 and unique lottery system add on top of it! Buyers are rewarded handsomely just for holding the token, by receiving both tx fees as well as eligibility for prize pot payouts!😮😮😮 There is a similar Token on the Eth Network, with a 400m market cap. With $lot being on the Bsc network, there is much bigger potential because of the lower gas fees! Also, there are currently only 378 holders. So get in early! + +💰How does it work? + +A 6% transaction fee is taxed upon every buy/sell: + +2% is burned 🔥 + +2% is distributed to existing holders ⬅️ + +2% goes to the lottery pool 💸 + +💰What is the lottery pool? + +After the prize pot in the lottery pool reaches 0.2% of the total supply, one random holder is the lucky winner and wins the pot. This happens many times per day! 🤑🤑 + +List of winners: [https://bscscan.com/token/0x26898013a78754022aa2165dabae3f01c8f6d9bd?a=0x0000000000000000000000000000000000000000](https://bscscan.com/token/0x26898013a78754022aa2165dabae3f01c8f6d9bd?a=0x0000000000000000000000000000000000000000) + +🎟️ Simply by holding, you won’t only collect transaction fees, but be eligible for earning big gains from the lottery! We had over 10 winners on our launch day. THAT’S AMAZING!! 🎟️ + +\*\*\* Want to get your hands on some LOT tokens?! + +Buy on Pancake Swap! [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x26898013A78754022Aa2165DaBaE3F01c8F6d9BD](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x26898013A78754022Aa2165DaBaE3F01c8F6d9BD%F0%9F%97%A3) + +📈 Chart $lot/USD + +[https://goswapp-bsc.web.app/0x26898013A78754022Aa2165DaBaE3F01c8F6d9BD](https://goswapp-bsc.web.app/0x26898013A78754022Aa2165DaBaE3F01c8F6d9BD) + +&#x200B; + +📝bscscan + +[https://bscscan.com/address/0x26898013A78754022Aa2165DaBaE3F01c8F6d9BD](https://bscscan.com/address/0x26898013A78754022Aa2165DaBaE3F01c8F6d9BD) + +&#x200B; + +👋 LOT Telegram Team 👋 + +Lotterytoken | Tim + +Tante Edith + +Noah + +🌐 Website — + +[https://www.lotterytoken.net](https://www.lotterytoken.net/) + +🕊 Twitter — + +[twitter.com/lottery\_token](https://twitter.com/lottery_token) + +✈️ Telegram Announcements — + +[https://t.me/lotterytoken](https://t.me/lotterytoken) + +💬 Main Telegram Channel — + +[https://t.me/lotterytokenchat](https://t.me/lotterytokenchat) +MEGAWEAPON ($WEAPON) + +🟣 Industry disrupting kill-to-earn battle arena game, looks like something I would actually play not this click to earn BS. + +[Check out the pre alpha gameplay!](https://youtu.be/xc1eQW2z7W0) + +🟣 Staking and redeployment on a new Certik audited contract this coming week. + +*STAKING/REDEPLOYMENT DETAILS* + +1. Rewards for staking started accumulating at 3PM EST 23rd of December 2021 at an increased rate of 3% of volume vs. the 2% of volume planned originally. + +2. You must stake to receive rewards in ETH, and your percentage of that distribution will be determined by the percentage of total staking your stake accounts for. The staking platform is planned to be launched 11th April but awards are accruing now as though you're already staking. + +3. This distribution will include 3% volume sharing from now until deployment of the staking platform as well as an additional 2% after the platform is launched. + +4. To receive airdropped tokens, you must be holding your tokens through the liquidity removal as the snapshot will be taken AFTER that liquidity has been removed so nobody can take advantage of this redeploy event. +The redeployment will be done the 4th of April. + +5. Expect volume between now and then to be substantial as new launches generally attract a boost of volume and so does news like this, apparently. + +6. The new LP tokens will be burned. + +7. The contract is being redeployed to optimize it for the long term, for economic, security, and versatility reasons as we move forward toward the next phase of the MEGAWEAPON project. Having a contract that works efficiently and securely with our staking and our future gaming contract (which may or may not be multichain) that can pass a Certik audit with flying colors is ESSENTIAL to the team and to maintaining our legitimacy for the future. We are adding several functions including a mint time lock so respond to community concerns. Please listen to the VC pinned for any additional information related. + +8. The liquidity transfer will happen once the new contracts are fully audited and ready to deploy the 4th of April. The snapshot for holders' airdrop of new tokens will occur after the current contract's liquidity has been removed. If you want the airdrop of the new tokens, just hold. Thank you. + +🟣 Degenerator coming soon… customizable playable NFT creation. + +🟣 Game development on track check the links below for prealpha gameplay. + +🚀 Compared to some of the mid tier gaming coins market cap this could easily 10x with plenty of more upside. +Recently, I saw a quote from Pokémon here. A quote that can be applied to crypto as well. *“You can’t lose if you buy them all!”*, whether the guys are joking or they’re serious, let’s Iook at the numbers. + +I managed to find a [snapshot from 04/23/2017](https://coinmarketcap.com/historical/20170423/) 4~ years ago to calculate the numbers and percentages, to see where we would be standing, if we invested lump sum of money (20$) into every coin from TOP 50. Is that Pokémon legacy working? Let’s take a look at the numbers. + +**NOTE: The numbers that are being used, might not be 100% accurate. If you’re mobile user and you can’t see the %, just swipe on the chart. If you find any mistakes, just let me know and I will correct them :)** + +Shortcut | Name of the coin | Amount today | % +:--|:--|:--|:-- +1.**BTC** | Bitcoin | 878$ | 4293% +2.**ETH** | Ethereum | 872$ | 4260% +3.**XRP** | Ripple | 835$ | 4077% +4.**LTC** | Litecoin | 308$ | 1541% +5.**DASH** | Dash | 85$ | 328% +6.**ETC** | Ethereum Classic | 215$ | 976% +7.**XEM** | NEM | 238$ | 1.091% +8.**XMR** | Monero | 325$ | 1627% +9.**REP** | Augur | 64$ | 218% +10.**MAID** | MaidSafeCoin | 98$ | 391% +11.**GNT** | Golem | 72$ | 260% +12.**DCR** | Decred | 281$ | 1307% +13.**ZEC** | Zcash | 68$ | 243% +14.**BCC** | BitConnect | Hey hey heeeeeey! | Memes forever ! +15.**PIVX** | PIVX | 24$ | 20% +16.**FCT** | Factom | 8$ | -58% +17.**Strat** | Stratis | 68$ | 240% +18.**DOGE** | DogeCoin | 16 997$ | 84 889% +19.**WAVES** | Waves | 567$ | 2 736% +20.**STEEM** | Steem | 87$ | 335% +21.**USDT** | Tether | 22$ | 9% +22.**GAME** | GameCredits | 6$ | -70% +23.**DGD** | DigixDAO | 438$ | 2 093% +24.**LSK** | Lisk | 295$ | 1 376% +25.**ICN** | Iconomi | 148$ | 642% +26.**SNGLS** | SingularDTV | 10$ | -50% +27.**BTS** | BitShares | 190$ | 854% +28.**XLM** | Stellar | 2 896$ | 14 384% +29.**BCN** | Bytecoin | 103$ | 417% +30.**ARDR** | Ardor | 281$ | 1 308% +31.**ROUND** | Round | 0$ | -100% +32.**GBYTE** | Obyte | 14$ | -28% +33.**1ST** | FirstBlood | 433$ | 2 068% +34.**PPC** | Peercoin | 23$ | 16% +35.**RLC** | iExec RLC | 162$ | 714% +36.**NXT** | Nxt | 70$ | 250% +37.**SJCX** | Storjcoin X | 0.12$ | -99% +38.**LKK** | Lykke | 1.8$ | -92% +39.**EMC** | Emercoin | 8$ | -59% +40.**SC** | Siacoin | 1 113$ | 5 469% +41.**MLN** | Melon | 62$ | 213% +42.**ARK** | Ark | 208$ | 940% +43.**KMD** | Komodo | 339$ | 1 598% +44.**SYS** | Syscoin | 257$ | 1 188% +45.**NXS** | Nexus | 84$ | 321% +46.**XZC** | Zcoin | 33$ | 66% +47.**NLG** | Gulden | 13$ | -34% +48.**XAUR** | Xaurum | 3,4$ | -83% +49.**CRB** | CreditBit | 0$ | -100% +50.**NMC** | Namecoin | 52$ | 160% + + +From all of the top 50 coins, 12 are negative in red, or not existent anymore (one of them is still in our hearts, looking at you Carlos), while 38 are positive, up in green! The order of these coins is exactly the same as it was in 04/23/2017, based on their market cap. Some of these coins rebranded or renamed themselves. For example: Zcoin is now Firo. + +I know that hindsight is 20/20, but I found it quite awesome to see and share, how most of the coins are even after 4 years still in green with many Xs. In conclusion, if you tried to follow a *“You can’t lose, if you buy them all!”* or *“Gotta catch ‘em all!”* Pokémon legacy quote, you would be in green. The initial investment of 1000$, spread out at every coin from Top 50, by 20$ each would now be worth approximately ~29.200$ + +Good job crypto trainers! Thanks for coming to my cryptopoké talk. + +For the calculations I used www.costavg.com and www.criptomo.com +[I posted here a while back](https://old.reddit.com/r/UKPersonalFinance/comments/kga2hx/how_does_help_to_buy_work_in_london_could_i_buy_a/) + +I'm on 32k a year and just finished my PGCE and have a job as a teacher in london. I have about 25k in savings and save £1000 every month. Living with my parents keeps my expenses low and after rent/bills. I do also have ~70k in student loans. + +I really don't know what I'm doing, even if I save £12k a year it won't be enough to get my own place. I feel like moving out of London is my only option, but my friends, family and hobbies are all in London. I've got no inheritence or parental support. + +Possible ideas + +• Just keep saving - Don't know what for but keep busy. Feels Like Im doing nothing. + +• Get a partner - + +• Move up north and get a job as a teacher - restart from nothing. + +Has anybody here been in similar shoes? What advice would you guys give? + +Edit - Is 22 (23 in a few days) too young to be considering property? +Hello Bitcoiners. I've been watching from the sidelines for awhile now and figured it is time to jump in the pool. I wanted to make a splash, so I decided to share my shocking epiphany on the volatility of Bitcoin. + +## Where I'm coming from## +I believe Bitcoin's biggest hurdle will be that of government regulation but, at the same time, aided by other country's resentment of the PetroDollar and world reserve status the US dollar maintains. I believe in the mechanics and game theory of Bitcoin. I think it will succeed in taking over significant portions of the global economy because of its frictionless nature. I subscribe to the idea that bitcoin will either be worth zero, or very large amounts of money in the long run. It is just a matter of time while the general population learns to trust it as a store and transfer of value. Developers will do what they do and make it easier to use and overcome well known limitations of storage and bandwidth. + +##And then it came to me## +With that, I would like to present some shock and awe that many people will struggle to comtemplate as the success of Bitcoin takes off: Price Volatility. There are three components that need to be considered: The scarce, fixed monetary units; The percentage of global markets bitcoin will capture; And a time frame. With these, you can begin to understand the staggering volatility that awaits us on the path to world adoption. + +Due to the limited monetary units of Bitcoin, there is but one other parameter to tune to make Bitcoin a functional, competitive global currency - and that is the exchange rate. Multiply the exchange rate by the monetary units and you get the total monetary potential of the currency. + +As of today, that's about 1.6 billion dollars of economic potential. That is it. If Bitcoin is to adopt respectable portions of the black market, gambling, remittance, and online commerce, the required target market cap must be in the trillions. And, again, the only way to get there, because of the fixed monetary units, is the exchange rate. + +For Bitcoin to have a trillion dollars market potential, even after the maximum number of monetary units have been created, will be almost $50,000 per bitcoin. Now the question you are tasked to answer is: How long will it take bitcoin to reach a trillion dollar market capitalization? If we use the adoption rate of a similar technology, email, we can see that it took about 30 years. If we apply the same rate of adoption to Bitcoin and a potential trillion dollar market, we get an astounding figure. + +##Wait for it...## +If, for a potential trillion dollar market you require each bitcoin to be valued at $50,000, and it will take 30 years to get to that value, we must expect, on average, the bitcoin value to rise approximately $140 a month. It sounds ridiculous, but do the math: $50,000 / (12 * 30) = $138.88. *Edit for emphasis:* **And this rate will not be linear - it will be wildly volatile!** But that is the average increase over 30 years and there is no escaping the simple math behind it. + +I recall someone once say that Bitcoin's biggest burden is its "too good to be true" properties. Nobody wants to hear your lies of instant global transfers that cost nothing and the indestructible money can't even be seized by governments - because its impossible and if it sounds too good to be true, it probably is. + +But there you have some hard numbers to run for yourself. How would you change the numbers to breech the cognitive dissonance you're currently experiencing that prevents you from believing an average increase of $140 is a month a real possibility? + +---- +I would like to thank Rick Falkvinge [for his contribution](http://falkvinge.net/2013/03/06/the-target-value-for-bitcoin-is-not-some-50-or-100-it-is-100000-to-1000000/) of inspiration to this recent epiphany. +Seen all the posts today about the absolutely ridiculous interest rates coming to student loans… I’ll graduate in summer with a student loan balance of around £42-43k, for context, I saved a lot of money throughout Uni, I decided to stay with my parents and commute which actually worked out well given how the last 3 years have gone… + +During my time at Uni I started a side hustle, and have profited around £50k (pre-tax) in the last 16 months. It feels great, and my plan was to save and use this money for future stuff e.g. house deposit (I have a LISA), maybe even a new car… + +However, it’s come to my attention that the situation with interest and student loans is obviously getting worse and worse and worrying people: + +I currently have around £60k in savings, as an accumulation of earnings from the past year and previous savings, I owe around £5-6k in tax, so let’s say I currently have £55k hypothetically… + +**Do I just take a £42-£43k hit and fully pay off my student loans? Or would this be a completely idiotic thing to do at my age?** +I'm not sure if this is just me, but I feel like the gap between expensive food and budget food has reduced as a result of the cost of living crisis. I've always bought the expensive stuff so haven't paid too much attention to the price increases of the budget food but it still seems like they've gone up much more. For example I remember that the standard Morrisons chocolate was £0.45 and now it's £0.89. That's an increase of 98%. The top shelf chocolate was £1.50 and now it's £1.69, which is a 12.7% increase. Is this some kind of sad joke? Why are the poorest people facing the biggest increase in their cost of living? If this is not a fluke, and prices really are rising more for budget food compared to high end food, why is that happening? +In fact, I hate this stock. I'm surprised people don't take this as an opportunity to do something good with money. This company is pure evil. And aholes are buying into it because it has what, a discount from the last year? Lame. Compared to 2yrs it's still up. + +&#x200B; + +[Shitty FB stock](https://preview.redd.it/upj1l9ba2og81.png?width=1597&format=png&auto=webp&s=ecb24ea9844633a4d2de098d8b8a91c93cacb055) + +So, people say the RSI is oversold. Haha! Sure it is. It can be more oversold for sure. Just realize this, it has never had this low of an RSI since it first IPO'ed. Think about that. Money flow is leaving this sinking ship. Some idiots are buying in, but we all know that the metaverse is a terrible idea. It's not even original and it would be super lame to do it on $FB + +That company has caused so much harm and turned families against each other. I really really hate this stock. If you know how to buy options, then you know what to do. If you are holding, get the hell off this Titanic shit pile. + +Speaking of their marketing, it's terrible for so many reasons and I'm sure many can answer to that. I hate using it. +I live with my partner who is a full time student doing her PhD. I work full time. + +My partner is exempt from council tax as a full time student. The past three years I have been claiming the 25% council tax discount since I have to pay it as a single person. + +However she is coming to the end of her PhD and has only to write up her thesis now. Therefore she has taken on a full time job and will write the thesis in her free time. The university consider he a student still, and she has until May to submit. Does she still count as a full time student therefore allowing me to claim the 25% discount? Or do we need to start paying the full council tax? +Just want to shine some light on what's happening with Bytecoin (BCN), as it is one of the more sophisticated pump and dumps. + +So let me first briefly tell you what happened. Earlier today BCN was trading at around 72 satoshi on both HitBTC and Poloniex, quickly increasing 30% when the news of the Binance listing came along. It opened on Binance at around 300 satoshi and over the past few hours the price has risen to 2320 satoshi on Binance, whereas the current price on HitBTC and Poloniex is at 190 satoshi. To put this into perspective, the circulating supply of BCN is 183,878,867,869 (taken from CMC), whereas the current price on Binance is 0.22$. This puts BCN on a market cap of 40 billion $; right on the third position, between Ethereum and Ripple. + +I've been following it closely and found that withdrawals from HitBTC and Poloniex were not working nor was the BCN webwallet. When checking their blockchain explorer we find that no new blocks have been mined for the past 2 hours. The trading on BCN started at 06:02 UTC and since that time only 46 blocks have been mined, containing a total of 997 transactions. The number of transactions that went through seems very small for a coin that just went up over 32x in a few hours. + +Thus most investors are not actually able to sell their BCN on Binance. The current BCN supply that's on Binance is very low and therefore it's easy to pump up the price, all the way up to 32x it's original price. This still caused a 150%+ surge on exchanges such as HitBTC and Poloniex. + +Not saying that the Bytecoin team is involved, but it seems very shady that their coin got listed at a time that (nearly) no one is able to move the token towards Binance. More importantly I think it's curious that Binance still listed a coin that is (nearly) impossible to move around and thus easy to manipulate. We've seen the same kind of pumps happening on coins that couldn't be moved around, for example Bitcoin Diamond. + +Of course, these things happen in unregulated markets. However I think that Binance should take a stance on this, as these kind of events hurt the reputation of the crypto markets. Especially the regular joe will get burned trading a coin like this. + +Edit: 11.5 hours after the trading started Binance finally came with an announcement regarding the deposit issues ([read here](https://support.binance.com/hc/en-us/articles/360003481632)). We as a community should let them know that this is definitely too late. +Its the time of the year when I feel extra sad about being in poverty because I cant afford to get even the simplest of gifts for my boy. But I wanted to share this free “Advent Calendar” that we are trying out. We went to the library and I got him to select a whole bunch of books. We numbered them and each day he gets to pick a number out of a bowl and we read that “new” book for the day. Its not much but it feels nice to start some simple traditions. Some day… it’ll be better :) +Hi r/UKPersonalFinance + +&#x200B; + +Could do with some advice is anyone has any! So basically I've been in my current job (IT Sector) for about 4 years now. My basically salary is £18k with no bonus'. This is quite considerably under the average for my role and area. Now I've been offered a job at a different company, now here's the thing they offered me £23k no bonus. + +I took this offer to my existing company and they offered to match the offer. I then declined the new job because of this.. Now, they didn't want to give up on me so they have offered £24.1k. I have a decision to make and I'm struggling.. + +The two job's on paper are the same but in different environments, the progression has been and looks to continue to be limited at my current and even my new one there isn't room for progression. + +Any insight or previous experiences in somethings similar would be hugely appreciated! + + +\*Throwaway as my account is known..\* +Hi. Just wondering what your thoughts on this. If I would be technically saving money and time because of the commute. Would you be happy be to take a pay cut to work remotely? + +Thanks. +Hello, I've seen a number of blogs (such as good with money) suggest that Nationwide is an 'ethical' bank without much further explanation. Their information seems to come from the ethical consumer website which is behind a pay wall. + +Does anyone know how Nationwide is considered to be 'ethical'? + +Thanks! +Hi all... + +Not sure if this is a naive question or a loaded question, but I'm having a hard time understanding how interest rates affect the profits of different financial institutions. I understand that the banking industry is most affected by things like credit risk and interest rate risk, but still can't make the complete connection. + +Do higher interest rates increase the number of defaults? Do banks overall prefer lower or higher interest rates or are they indifferent and would prefer stability? + +E.g. mREITs can extend out more loans in times of low interest rate but during periods of low interest rates, there's less prepayment risk and their cash flows from MBSes are more secure +I'm hoping someone can clarify QE for me. + +Is QE mainly about the supply of money to encourage lending or the interest rate? If QE is meant to lower interest rates by buying bonds and making the price go up and thus the interest rate go down… why do they need to do that if they can just set the interest rate? +Since early last year I've been using cozy.co to accept applications and rents from tenants. I love it, my tenants love it. Its marvelous. + +Recently they were purchased by apartments.com and its kind of a disaster now. They migrated my current units and payments setup into the new site, and that has been working fine. But now I am trying to use the rental application portion of the site for the first time and it has been confusing and cumbersome. + +So my question is - What software/websites do you guys like for accepting applications, running background and credit checks, and accepting rent? +Hey folks! I’m new when it comes to real estate investing and have a quick question about a cash out refinance. + +How does a cash out refinance not destroy your monthly cash flow at that property? + +I have a former primary residence which I now rent out in another city. It cash flows about $300 per month. The market there has gone nuts and based on comps the property has appreciated approx $70k since 2014. There is an opportunity to buy a duplex on my street and I think this is a case where a cash out refinance on my former residence would be appropriate. + +However, when you do a cash out refinance, you are taking a new mortgage out on approx 80% of the new appraisal, giving you a much higher monthly mortgage payment, right? + +How is it possible to take out that big of a loan without ruining your monthly cash flow? Am I missing something? + +Thanks for any help you can provide a newbie. +Hey folks! I’m new when it comes to real estate investing and have a quick question about a cash out refinance. + +How does a cash out refinance not destroy your monthly cash flow at that property? + +I have a former primary residence which I now rent out in another city. It cash flows about $300 per month. The market there has gone nuts and based on comps the property has appreciated approx $70k since 2014. There is an opportunity to buy a duplex on my street and I think this is a case where a cash out refinance on my former residence would be appropriate. + +However, when you do a cash out refinance, you are taking a new mortgage out on approx 80% of the new appraisal, giving you a much higher monthly mortgage payment, right? + +How is it possible to take out that big of a loan without ruining your monthly cash flow? Am I missing something? + +Thanks for any help you can provide a newbie. +What is the rationale for doing this, if so? + +The only thought I can come up with is that investors may want some sort of financial performance metric that is independent from the financing methods used to own the property. + +To clarify, this would mean that regardless of whether I am an all-cash investor or if I am using a 5% down FHA loan, I would be able to use cap rate as a metric unaffected by these criteria. +After RC mentioned the stock so heavily, my gut tells me the OG will be returning. If it’s safe enough for RC to come this close it has to be safe enough for the King to talk about his favorite stock. May be wishful thinking, but it seems the everything is about to burst wide open. As always BUY HODL DRS, love you apes. +Hi all, my wife and I have been ready to buy a house for almost 2 years now. Sadly we pulled out at the last minute as just as we were about to secure a place, covid hit and we freaked out. Worried about economic collapse, job loss etc. like we all did in the beginning. Since then we’ve had some personal stuff mean we are only now ready to get back in. + +Thing is, we’ve been waiting for so long and sitting on all this cash that we just want to get in. However we keep reading doom and gloom articles about how these prices are insane and soon interest rates will spike and everything will plummet. + +Thing is though, the doom almost never seems to come with the property market here? + +We’re keen to have a place to call home and are sick of renting. But do you think it’s a bad time to get in? Thanks +Hi guys, + +&#x200B; + +I'm in a bit of a dilemma. I have around $8000 in debt. I really wanted to get my life on track so I set myself a goal to pay off all consumer debt I've got because of my bad lifestyle. I managed to pay off 8/16k and have a remaining 8k. I've managed to save 8k but this is all my savings. I have all my bills paid. Should I just use that to pay it off? + +&#x200B; + +I really want to improve and be debt free this year. Tired of having my paycheck going into a credit card. +*The price-to-book ratio compares a company's market value to its book value.* +In case of Suzlon PB is -0.4. MV or BV can't be nagative. What does PB mean in this case? + +[https://imgur.com/a/LypxPFb](https://imgur.com/a/LypxPFb) +Hi, so I have investments in the following funds for an early retirement in about 20-25 years, + +DSPBR Equity Opportunities - 35% of my portfolio +Reliance Large Cap Fund - 26% +ICICI US Bluechip Equity - 15% +Franklin India Prima Fund - 10% +Tata India Tax Savings - 8% +Birla Sunlife Small cap fund - 6% + +When I checked ET Money's portfolio manager, it shows that I have exposure to 280 individual stocks. Is this normal? Or am I over-diversified? If so which funds can I get rid off? +I got an ad in the mail for a "pre-selected" Capital One Quicksilver card which offers 1.5% cash back on all purchases, plus a $200 sign on bonus if I spend $500 in 3 months. No annual fee. Also a 0% APR until July 2022. + +We pay our credit cards in full every month, have great credit, and don't have any large credit purchases in our future (such as mortgage or car loan). We also already have a credit card that gives 1.5% back on all purchases. + +We don't need this card. But is this just an easy way to get a "free" $200, or are there any catches or hidden pitfalls that wouldn't make it worth it? +https://www.bbc.co.uk/news/business-54000714 + +Not sure this is a surprise given the number of recent mortgage deal posts, but it's interesting to see Moneydata's corroboration nonetheless. And while I don't necessarily disagree with banks' cautious approach given history, the situation for FTB'ers really is unusua, taking into account: + + +- The incredible boom in mortgage transactions; + +- That house prices have just recently been confirmed at an all-time high. + + +I've been a homeowner myself for a long time so this doesn't affect me - but surely all signs point towards this being an unsustainable short-term trend? + + +Also: BBC's mandatory "person sitting over an excessive amount of paperwork with a calculator" photo to represent stress. +I am actually considering to start a YouTube channel educating people regarding personal finance, I know there isn't many UK channels and I think some people might like a younger perspective (age 24) or will people think I'm simply inexperienced? + +I would use the information I've learned over the last 2 years which has consisted of reading this and other forums everyday and other articles/blogs. + +I was wondering if many people would be interested in something like this and if anyone has any thoughts or advice feel free to let me know, thanks. +Hi - I am looking at stocks and/or ETFs that offer a dividend which support the green/sustainable agenda. Or, if that is too much, an ETF that avoids oil/gas/defense/tobacco. + +I have been doing some research myself and came across £TRIG, £UKW and £INRG with the two former paying out circa 5%. The latter under 1%. Not great, but something to work on. + +Any pointers would be appreciated. +Hello community, + +I have a dividends portfolio with the following positions: + +REIT: +VICI +OHI +STAG + +EQUITY: +EPD +PBA +KO +CAG +ARCC +BIP +BTI + +Profile: +- 33 years old +- Living in South America +- Married, two kids +- No planning to withdraw (have a good job and a emergency fund) +- Already have a growth and crypto portfolio. +- Current value portfolio value: 15k, 10k in cash ready to be deployed. +- Dollar Cost Averaging every week $200/$300 USD. + +A friend recommended me to sell KO and buy SCHD as the dividend is bigger, the growth is faster and I have more exposure. I checked it and KO is in the top 10 holdings, so I will still own some KO. + +I have been reading about core/satellite strategy and having one core ETF and satellite stocks and I like the idea. As you can see I prefer individual stocks instead of ETFs, but I see a lot of people here loves SCHD and talk about it on a daily basis. + +My questions are: +- Fees are charged on my cash or deducted from the dividends? +- I see a no brainer selling KO and buying SCHD, but I'd like to see other opinions. Do you think this is a good idea? + +Note: I already did my DD on all my stocks and on SCHD and I just want to see other people opinions. +**EDIT - Seeking alpha has a good article on why. Do a search for "Seeking Alpha MPW" and it's the August 8th "The Only Bear on MPW" article.** + +If you've already used up your free SA articles for the month, use your throwaway email address to create another account to sign in and read it. + +&#x200B; + +MPW is an interesting REIT - they own medical facilities, hospitals, clinics, and the like. People are always gonna get sick, right? And the yield is a whopping EIGHT PERCENT. Nice. + +However, they have a major tenant, Steward, that has struggled during the pandemic, because Steward's profitability is down. During the pandemic, hospitals were unable to perform nearly as many elective procedures during the pandemic due to the number of hospital beds/space devoted to pandemic treatment. No elective procedures means a lot less money/profit for Steward. + +It seems that Steward's tenancy makes up 20% of MPW's holdings. That doesn't seem too diversified to me. To counter Steward's slide, MPW made some sort of loan to Steward to prop them up. While this is perfectly permitted - REITs can get a significant percentage of their income from non-real estate sources - *this was not viewed well by the market*. The price took a major beating, sliding from the low 20s (21-23) down to about 16. Ouch. + +However, in their latest earnings conference call, a month ago, they took a lot of time explaining how Steward has turned things around, there's no need to fear, Underdog is here. Steward's profitability is fully on the mend, nothing to see here, move along. Great, right? + +Well, if that's the case, then why has the stock continued to tumble a further 10% from August 3rd to today - down from 16.07 to 14.40? They can't lie when they give out this info, can they? So, if everything's hunky-dory, all sweetness and light, why hasn't the market reacted by snapping up MPW and raising its share price? + +**What's still wrong with MPW?** What am I missing here? +Hello community, + +I have a dividends portfolio with the following positions: + +REIT: +VICI +OHI +STAG + +EQUITY: +EPD +PBA +KO +CAG +ARCC +BIP +BTI + +Profile: +- 33 years old +- Living in South America +- Married, two kids +- No planning to withdraw (have a good job and a emergency fund) +- Already have a growth and crypto portfolio. +- Current value portfolio value: 15k, 10k in cash ready to be deployed. +- Dollar Cost Averaging every week $200/$300 USD. + +A friend recommended me to sell KO and buy SCHD as the dividend is bigger, the growth is faster and I have more exposure. I checked it and KO is in the top 10 holdings, so I will still own some KO. + +I have been reading about core/satellite strategy and having one core ETF and satellite stocks and I like the idea. As you can see I prefer individual stocks instead of ETFs, but I see a lot of people here loves SCHD and talk about it on a daily basis. + +My questions are: +- Fees are charged on my cash or deducted from the dividends? +- I see a no brainer selling KO and buying SCHD, but I'd like to see other opinions. Do you think this is a good idea? + +Note: I already did my DD on all my stocks and on SCHD and I just want to see other people opinions. +Happy New Year ladies and gents! + +Today is the day, going to open 2 Vanguard stocks and shares ISAs for us (in my name) and our daughter (in my partners name) due to low costs. Looking to invest, £100pm into both for a long period 20+ years. Looking to invest in 2 global index funds. Do fancy FTSE Global All Cap Index Fund - Accumulation and FTSE Developed World ex-U.K equity Index Fund Accumulation. + +What do you think? Good choice or would you go for something else? +I have a very small $1000 account and am trying to grow it to $25k over time so I can switch to a margin account and not have to deal with PDT. I use half my account each day so it settles in 2 days (webull) and I can trade every day. + +Has anyone grown a small account into an account where they can “truly” day trade in this sub? If so, any advice? There are just SO many advantages to not having to deal with PDT. + +Having to abide by it makes me feel more pressure on each trade, so I try and get the maximum. Or try to go too big and do just one trade a day with half my account. Then if the trade goes south I don’t want to take my loss and lose a day, so I find myself holding which we all know is BAD, BAD, BAD! I know consistency and patience are they key. 25k just feels REALLY far away. My goal is to do it in a year. I’ve tried options A LITTLE BIT as well with ok success, but as we all know, they can be dangerous, so I try to stay away from them. + +Open to strategies that work with smaller accounts. I know a lot of people have some consistent SPY strategies that I’ve seen work well with small accounts. + +I know most answers are going to be to find what works for me, be consistent, be patient, and use stops to protect my account and live to trade another day. So maybe I’m just looking for confirmation and good strategies people have used in the past, or still use. haha. + +But open to any advice, and thanks ahead of time! + + +### Market Notes: + +[Bitcoin](https://www.buzzsprout.com/1196801/4939406) is trading near all-time highs leaving $20,000 in the dust yesterday. The breakout happened exactly 3 years after the 2017 bull run peaked. Price is sitting near $22,500 at writing. I don't have a position currently, price target would be 2x the 50 day SMA if I did. + +Congress is "getting closer" to a stimulus deal. Free money for everyone is back on the table. We've heard this one before. + +The Fed stated it would continue buying as long as it needed to. It currently pumps about $120 billion into the financial system every month. + +IPOs aren't done for the year yet. The unicorn bubble doesn't seem ready to pop. I'm watching **OCG** and **SCPS** this morning. **WISH**, **UPST**, **MDWT** are other notables for the week. + +Futures are up. Could set new records today! + +### Watchlist: + +\*[Low Float](https://trading4keeps.com/whats-the-float-and-why-does-it-matter/) + +\***NPA** has [resistance ](https://trading4keeps.com/what-are-support-and-resistance-and-how-to-spot-these-levels/)at $11.50 + +\***FAMI** has resistance in the $1.60s, [support ](https://trading4keeps.com/what-are-support-and-resistance-and-how-to-spot-these-levels/)in the $1.20s + +\***SGBX** has resistance at $4 + +\***SCPS** is on watch + +\***OAC** has resistance at $12.50 + +\***FNKO** has support at $11.30 + +\***OIIM** watching for a setup above $8 + +\***OCG** is on watch + +\***EQOS** watching for a setup above $10 + +**NXTD** is on watch + +**VUZI** has support at $6.15 + +**RRD** watching for a setup above $2 + +**CALA** has support at $5.78 + +**SCLA** has support at $7 + +**ORBC** has support at $7 + +**ARAY** has resistance at $4.80 + +**PRTY** has resistance at $6 + +**MDXG** has support at $7.35 + +**MNKD** is on watch +Sorry if this is the wrong place to post this. + +I'm thinking about getting started in the stock market but before I do I want to educate myself as much as possible. There's so much information out there – it's hard to know what to read. I'd like to ask you to share what books helped you when you were a beginner. Whether the topic was about mentality, strategy, mistakes, or not about investing – if it helped you become a better investor I'd like to know about it. + +Thank you very much for your time! + +Edit: Thank you everyone who responded I really appreciate it. You guys are awesome + +Edit 2: If it's not too much trouble - please tell me in what ways the book made you a better investor. +Hi! I am 17 years old in Georgia and am virtually independent. My father is single and only covers housing and car insurance. My mother is dead. I cover my healthcare, dental work, food, gas costs, other transportation, and every retail purchase necessary to my living under the sun. I’ve been working for around 2 years now to keep myself afloat. + +I was left with $8,500 in life insurance from my paternal grandmother and my father authorized me to use it to get a car. He did not help me with the process, and I, having no support system, used all of it to get a 2008 Honda Element with 190K miles. Sedans aren’t an option in the area that I live because of how awful the roads are, so an older SUV was what I saw as my best option. + +Since buying this car a little under six months ago (Nov 2021), I’ve had to replace the water pump/crankshaft pulley, oil pressure switch, high beams, low beams, left window regulator, and my O2 sensors have busted. There’s another issue that I suspect is either the power steering pump or the O-rings on it. When the oil pressure switch failed last week, I was on the interstate driving up to Atlanta, and my car suddenly lost power and began declining in speed no matter how much I attempted to accelerate. I only ended up surviving that situation because my boyfriend’s parents drove out and followed me back to their house two hours away and covered the emergency repairs at no cost to me- which I am incredibly lucky and grateful (and ashamed) for. + +The cost to maintain this car (and fuel it in this economy when I’m only getting 20mpg) is more than I can handle, but currently my only option. I’ve been between jobs for a month and am living off the rest of my savings until I get my first check. I know that I could just cut my losses and list it for $4,000 to have it gone within a month, but my father guilt trips me into keeping my car when I mention taking less than I paid for it. I love my car, but it is a financial burden and I just want out. Any advice on how to better the situation would be appreciated. + +EDIT: To all of those ridiculing me for my wording, I’d like to state that my father is using all of my social security money from my mother’s death every month on whatever-the-fuck. Him tolerating me living in his trailer out of legal obligation and adding my 16 year old car to his insurance plan under his name with 1/5 of the money he’s taking from me every month is not financial support. I feel as though “virtually” is a crucial word in my initial paragraph- sorry for not including it in the title. Thank you! + + +ADDITION: Not entirely relevant to the financial aspect of this post, but I’ve just left O’Riley Auto Parts. I was replacing my power steering O rings in the parking lot and the manager came out like, “Hey, I just have to ask. Do you work on cars?” I told him absolutely not. He asked if I wanted a job because I looked like I knew what I was doing. I asked about age requirements, and he said that he didn’t know if he could hire 17 year olds, but to put in an application online and he’d get back to me. He asked when my birthday was, and said that I can come back when I turn 18 in August to interview even if they can’t hire me now. This is a very big deal because they not only pay better than my current retail job, but can transfer me to a new location when I move so I don’t have to job hunt again. I’ll also be gaining a lot of experience in cars, which I clearly need. I’m ecstatic that this seemed to have fallen into my lap. Thanks to everyone who has replied with car maintenance advice- I really appreciate it. :) +Hi, + +Few days ago I posted about the crypto address for covid donations for India. + +I said that I will be donating the equivalent amount in fiat. I got 33 upvotes\~ 20 moons\~ 2 USD max . + +I donated 20 USD. Here's the proof:[https://ibb.co/Lg0YKxj](https://ibb.co/Lg0YKxj) + +Donation link (USD, for oxygen cylinders): [https://www.facebook.com/donate/486054246054033/491125618880229/](https://www.facebook.com/donate/486054246054033/491125618880229/) + +Original post (you can find the links for crypto donations: [https://www.reddit.com/r/CryptoCurrency/comments/n064un/india\_is\_fighting\_hard\_against\_covid\_if\_you\_can/](https://www.reddit.com/r/CryptoCurrency/comments/n064un/india_is_fighting_hard_against_covid_if_you_can/) + +&#x200B; + +Thanks. + +I will also donate the equivalent fiat from moons I get for this post. + +&#x200B; + +EDIT: I just saw that my previous post about covid relief fund ([https://www.reddit.com/r/CryptoCurrency/comments/n064un/india\_is\_fighting\_hard\_against\_covid\_if\_you\_can/](https://www.reddit.com/r/CryptoCurrency/comments/n064un/india_is_fighting_hard_against_covid_if_you_can/)) was 74% Upvoted . That means 26 percent people DOWNVOTED. It's beyond my understanding that why would someone do that. + +My whole motive is to spread the awareness about the crypto covid relief fund. The least you can do is to upvote. Basically I am buying moons from you at 10x prices. + +&#x200B; + +EDIT 2: I might not be able to donate 10 times the amount of moons I get this time because this post is getting a lot of attention (yay). Still would donate as much as I can. +Hi, + +Few days ago I posted about the crypto address for covid donations for India. + +I said that I will be donating the equivalent amount in fiat. I got 33 upvotes\~ 20 moons\~ 2 USD max . + +I donated 20 USD. Here's the proof:[https://ibb.co/Lg0YKxj](https://ibb.co/Lg0YKxj) + +Donation link (USD, for oxygen cylinders): [https://www.facebook.com/donate/486054246054033/491125618880229/](https://www.facebook.com/donate/486054246054033/491125618880229/) + +Original post (you can find the links for crypto donations: [https://www.reddit.com/r/CryptoCurrency/comments/n064un/india\_is\_fighting\_hard\_against\_covid\_if\_you\_can/](https://www.reddit.com/r/CryptoCurrency/comments/n064un/india_is_fighting_hard_against_covid_if_you_can/) + +&#x200B; + +Thanks. + +I will also donate the equivalent fiat from moons I get for this post. + +&#x200B; + +EDIT: I just saw that my previous post about covid relief fund ([https://www.reddit.com/r/CryptoCurrency/comments/n064un/india\_is\_fighting\_hard\_against\_covid\_if\_you\_can/](https://www.reddit.com/r/CryptoCurrency/comments/n064un/india_is_fighting_hard_against_covid_if_you_can/)) was 74% Upvoted . That means 26 percent people DOWNVOTED. It's beyond my understanding that why would someone do that. + +My whole motive is to spread the awareness about the crypto covid relief fund. The least you can do is to upvote. Basically I am buying moons from you at 10x prices. + +&#x200B; + +EDIT 2: I might not be able to donate 10 times the amount of moons I get this time because this post is getting a lot of attention (yay). Still would donate as much as I can. +it's 12/1, which means it's officially the end of #NoSpendNovmeber.... I'd be lying if I told you I made it through the entire month without spending a single dollar... but I must admit this challenge has opened my eyes in so many ways I could probably write a book. + +My total spend for the month (excluding Rent / Utilities) was $21 dollars. Most of that money went to purchasing items for people in need, but I must admit I did buy a specialty latte at the start of last week... it was gingerbread, I couldn't resist.... + +As for a couple of my "takeaways" from the project... +-Dry Cleaning is a non-essential, if you learn how to iron a dress shirt +- Bulk Frozen Veggies / meat taste great if re-constituted appropriately +-Being drunk at a bar is highly over rated, and being sober while people watching is beyond entertaining +- Rejecting first dates on the basis of #NoSpendNovmeber is surprisingly offensive to people? +-Taking advantage of the free coffee at work saved me over $100 +- Not eating out doesn't mean you'll lose weight, intact, relying on hand outs from your office, or left overs from your parents will cause you to gain 10lbs + +Honestly the list goes on and I might add to it later... but for now, I welcome December, and I welcome being a consumer again! + +**Edit: – Other stuff I learned during No Spend November** + +- You’d be surprised at how easy it is to decorate for the holidays using paper, tape and other odds and ends you find around your house +- I managed to throw a pot-luck dinner cooking a dish I had in my house, and encouraged my friends to over cook and bring BYOT (Bring Your Own Tupperware) We all (myself included) ended up with a good variety of left overs that we ate for lunches for the next few days. +- To fill my extra time (not spending money on adventures through Philadelphia freed up an extra 5 hours a week!) I took up reading and decided to visit every park I could before it got too cold. +- I also took the time to re-connect with old friends via skype… it’s free and I got to fill hours with adventurous stories. +- Volunteering became a big part of the month too, but I did have self-centered intentions. I volunteered at theatres to see shows for free, and Soup kitchens hand out their left overs to the staff at the end of the night! + +[Per MIT Sloan](https://www.prnewswire.com/news-releases/new-mit-sloan-study-discovers-widespread-and-repeated-retroactive-changes-to-esg-scores-301576360.html): The study "highlights the incentive of the data provider (Refinitiv) to introduce a positive relationship between ESG scores & returns in the data to demonstrate that their ESG scores are useful" + +&#x200B; + +> CAMBRIDGE, Mass., June 28, 2022 /PRNewswire/ -- The explosion in environmental, social, and corporate governance (ESG) investing has led to strong reliance on ESG ratings providers—and questions about the reliability of those ratings. This is not surprising given that trillions of dollars are at stake in ESG investing. A research paper by MIT Sloan School of Management research associate [Florian Berg](https://c212.net/c/link/?t=0&l=en&o=3579819-1&h=2894518048&u=https%3A%2F%2Fmitsloan.mit.edu%2Fstaff%2Fdirectory%2Fflorian-berg%3Fmsclkid%3D34479c19ab7911eca4f7c145c0f60973&a=Florian+Berg) and Kornelia Fabisik and Zacharias Sautner of the Frankfurt School of Finance and Management, validates these concerns, as they discovered "widespread and repeated" changes to the historical ESG scores by a leading vendor of this data. +> +>Berg says, "The incredible growth of sustainable finance has created a billion-dollar market for ESG data. Yet, we found that the data is not reliable or consistent. The changes made in ESG scores at any particular time in history are massive." +> +>He explains that the data for any specific point in time should remain the same for a firm unless there is a documented reason for a retroactive change. However, their study revealed significant unannounced and unexplained changes to the data provided by [Refinitive ESG](https://c212.net/c/link/?t=0&l=en&o=3579819-1&h=2880314828&u=https%3A%2F%2Fwww.refinitiv.com%2Fen%2Ffinancial-data%2Fcompany-data%2Fesg-data&a=Refinitive+ESG), which was previously owned by Thomson Reuters. For example, looking at two versions of the same Refinitive ESG data for identical firm years – one from September 2018 and the other from September 2020 – the median overall scores in the rewritten data were 18% lower than in the initial data. +> +>"The score rewriting leads to large changes in what are deemed to be high- or low-ESG firms. This is important because the classification of firms is widely used in ESG research and the investment industry," says Berg, cofounder and research associate of the [MIT Sloan Sustainability Initiative's Aggregate Confusion Project](https://c212.net/c/link/?t=0&l=en&o=3579819-1&h=3574784543&u=https%3A%2F%2Fmitsloan.mit.edu%2Fsustainability-initiative%2Faggregate-confusion-project%3Fmsclkid%3D344913b5ab7911ec8f630780683a8302&a=MIT+Sloan+Sustainability+Initiative%27s+Aggregate+Confusion+Project). +> +>In their paper, the researchers highlight how firms that performed better in a given year experienced upgrades in their E and S scores for that year through the data rewriting. Using predictive regressions, they showed that investing in firms with higher ESG scores in the initial data would not have led to economically or statistically significant performance gains. Yet, in the rewritten data, they found economically large, statistically significant positive effects of the E&S score on the firm's future stock returns. +> +>"These large differences matter because this performance would not have been possible with the data available to investors when forming their investment strategies," says Berg. +> +>He notes that the data rewriting occurs on an ongoing basis without any public announcements. To show this, the researchers compared ESG scores from February 9 and March 23, 2021 – just six weeks apart – and found that 85% of firms' scores changed. While the score changes were mostly small in magnitude, the ongoing retroactive changes affected the classification of firms and the link between ESG scores and returns. +> +>Berg says, "Our study highlights the incentive of the data provider to introduce a positive relationship between ESG scores and returns in the data to demonstrate that their ESG scores are useful for data users developing ESG-related investing strategies. Investors should always beware and conduct due diligence, but this is particularly critical with ESG ratings." +Hi, + +I’m not an investor in Boeing, but today there are lots of reports about the recent crash which seem to pin the blame firmly on Boeing, but the stock price is up - which is not what I expected to see! + +What do you all think? + +Thank you for any thoughts! +Is it hard seeing your money go down? It absolutely is right now my portfolio is down about 10k and yes it hurts. Keep in mind how many times a crash like this has happened in just 3 months. It will rise again, don’t sell at these prices. You will either break even or get profit in a couple weeks time. This happens all the time if you have to just stop looking at your portfolio and prices on everything just go on with your daily life and check in a week. +So my friends and I are making an app to automate events based trading. So we can already automate trading from news headlines, tweets and release of data from certain sources, as well as basic price changes, industry price changes, and a few indicators like Moving average and Envelopes (but not too many). We have finished a web version and deployed to our friends, but we are now making it mobile (:D yay) so we wanted to get opinions on how we could make our mobile UI better b/c its really hard to make a trading bot app for a phone it turns out ahaha... so yeah we would love for anyone who wants to test / provide feedback. A few screen shots of the UI are here: [https://imgur.com/a/seSjxZG](https://imgur.com/a/seSjxZG) + +follow StrattyX release here: www.strattyx.com + +NOTE: pls be nice / helpful really trying to learn guys! thnx. + +Edited like twice from suggestions/ comments by you Guys <3 +Hello everyone, + +I'm a .NET developer willing to develop my own crypto screener with some TA indicators. + +I found TA-libs and TulipIndicators but .NET dlls **seem** to be pretty outdated. + +Are they genuinely outdated or is it just me ? If yes, should I try another library ? + +Thank you in advance +I have a bunch of intraday data from IBKR, and upon inspection, there are some issues. (see example below) How do you screen your data for anomalies like this? + + SYM date time open close high low + GMVD 20210127 09:30:00 196.425 2.675 196.425 2.675 + GMVD 20210127 09:31:00 2.675 2.675 2.675 2.675 + GMVD 20210127 09:32:00 2.675 2.675 2.675 2.675 + GMVD 20210127 09:33:00 2.675 2.675 2.675 2.675 +As per the SEC, hedge funds are required to share all holdings in the stock market to prevent manipulation. This is all public data, and I was wondering why mirroring these funds isn't talked about more. For example, I can get a list of hedge funds on [https://whalewisdom.com/](https://whalewisdom.com/) and check all their current holdings, which is updated on a daily basis. Very large hedge funds have a large footprint in the market and thus don't have any impressive returns on a percentage basis, but there are a whole array of funds making averages on the order of 30% or more per year. + +&#x200B; + +So why not mimic them? +When you start holding positions for months you don't mind red days because that's how markets work there has to be a correction before it goes up even more. Learn to hold, example I bought palantir Shares when they just came to the market on ipo day for $11 the stock went down to $9 but I kept the shares and didn't sell even though I was down for weeks. Then it started picking up and 2x, 3x I'm still not selling because the company has fantastic potential. Same with these stocks you got to have patience + +Edit: For an example of a penny stock, I got into ALPP at 0.09 and it closed at 0.05 and was the same the next day, I didn't sell and waited for a couple weeks before it started to really pick up its now at $6.82 and still holding +On 30 June, Harmony team sent the last transaction asking hackers to return stolen assets. They could retain $10M in ETH. If the hackers are willing to do so, they will cease the investigation or manhunt they called. + +[https://twitter.com/harmonyprotocol/status/1542327331426955264](https://twitter.com/harmonyprotocol/status/1542327331426955264) + +Sadly, the hackers ignored all the message from the team and laundered the very last ETH roughly 5 hours ago. + +[https://etherscan.io/address/0x0d043128146654c7683fbf30ac98d7b2285ded00](https://etherscan.io/address/0x0d043128146654c7683fbf30ac98d7b2285ded00) + +What does it mean? + +1. who deposited to the smart contract to bridge token to Harmony chain might not be able to get those assets back. +2. who are holding bridged tokens such as 1ETH, 1WBTC, 1USDC are holding 'basically worthless' tokens now, because no locked tokens on Ethereum chain are backing their existence on the other side. +3. who are holding ONE? I don't know, it's like a sinking ship right now. + +I'm not gonna tell you what you should do. I'm not a financial advisor and this is not a financial advice. But be careful with what you are going to be told, because it is like 50/50 bet now. + +1. if Harmony team can retrieve stolen assets, which seems to be the case now. They are done. Some said the team could sell their ONE and buy exactly the same amount of stolen assets and deposit back to the smart contract. It is dumb. Their failure leads to $100M hack. Their market cap is $220M, 50% of which is being staked. There is just no chance they could effectively sell enough ONE and buy those stolen assets. And imagine they are going to do so, ONE would drop real real bad. +2. if there is someone or a VC steps in to bail them out, they might have a chance to survive. But the chance is small since liquidity is drained from the market now (due to FED's quantitative tightening). +3. Why I said it is 50/50 chance. because if they are bailed out, those worthless tokens on Harmony chain will be recovered in value, which means if you buy them now (1ETH, 1WBTC, 1USDC), you could make nearly 8x profit if they are pegged again on Ethereum chain. + +&#x200B; + +https://preview.redd.it/cpgo6mujo0991.png?width=1960&format=png&auto=webp&s=80647acb71a161e69633d15809be0241d0b0d084 + +https://preview.redd.it/jbvp1mujo0991.png?width=1960&format=png&auto=webp&s=d5251851d7bb0621d0bec59ac3ad02a5f52beea3 + +https://preview.redd.it/yny4amujo0991.png?width=1960&format=png&auto=webp&s=4970026bdef1b56c3b3c543d9af0c9039d8c9bdb + +To me, I'm not gonna make this bet. It is like flipping a coin right now, and if I ever decide to do that, I'm gambling and not investing. + +A lot of things happen now on Harmony that a lot of projects are soon moving to other chain like Polygon. + +Don't listen to anyone who told you to buy the dip, if they can't give stolen assets back to investors, they are done, so is ONE. Those who told you they are still loving ONE and buy the dip are probably in heavy loss or can't do anything since their ONE is being locked for staking. +There are lots of people who have become extremely wealthy by acquiring coins from years ago. These same people often get called “lucky”. To some extent, that’s true as they may have simply stumbled across bitcoin before many others - but to a larger extent, it’s plain unfair. + +Those “lucky” hodlers, have gone through several cycles. They’ve seen their fiat networths go sky high, and then drop off a cliff. + +If you’re a wise hodler, it involves constant research. If you got in a few cycles ago, say 2013, then bitcoin was a completely different beast then. There were no guarantees. The theory and technology was still very robust, but the proliferation of bitcoin wasn’t there yet. Buying bitcoin wasn't as easy as entering your credit card details. + +If you bought bitcoin on April 1st 2013, you’d have got a coin for \~$100. You would've likely had to send some money to an Estonian bank account, and pray to all that's holy that in a week or so's time that money would arrive. A little over a week goes by, and you’d have more than doubled your money to $230. A week later, it dropped to \~$80. Most people would have panicked and sold. The price wouldn’t reach $200 until early November that year. By the end of November 2013, bitcoin was over $1000 again. If that same hodler kept his $100 bitcoin, he’d have made 10x on his investment in under 8 months. + +Then it dropped. It would be over 3 years until that hodler saw prices over $1000 again - January 2nd 2017. That would have been 3 hard years of toil, wondering if bitcoin would ever surpass it’s previous ATH of \~$1150. + +A wise hodler would’ve kept their cool, trusted the tech, kept their belief, analysed the macro economy and trusted their gut. If they kept their nerve, then within another 12 months, that same $100 coin they bought on April 1st 2013, would reach a value of \~$19300 on December 16th 2017 - a 19200% return - in a little over a 4 and a half year time period. + +That same hodler probably had friends and parents screaming at them to sell. If the hodler had conviction in his research and his investment, he’d have continued hodling, only to be taunted by friends and family for another 3 years, until December 16th 2020, when the price breached $20k. + +That same hodler (assuming they held), is currently sitting on one bitcoin worth \~$50k at today’s prices, a 49,900% gain. Yes, he could’ve sold on April 13th at \~$63.5k for a 63,400% gain - but if he was smart, he stuck to his conviction and is still holding. + +What’s the point to all this? HODLing isn’t easy. It is a combination of balls of steel, continual research, and self-belief - belief that bitcoin has the potential to upend the entire financial system. + +Things are a lot different in 2021 than they were in 2013. Things are looking incredibly strong for bitcoin despite this recent dip. + +Stop getting scared out of your position by people in the know who want your coins for cheaper. If you bought bitcoin because you believe it will ultimately change the crooked financial system and bring about more financial democracy, keep that faith. + +If you bought bitcoin because you want to make a quick buck, and have no idea about the inner workings of this tech, then bitcoin is probably not for you. +I have a 350k account that I sell 35 30dte SPX IC every month with a strike distance of 100 on IBKR. + +I always choose extremely low delta(usually sub 2 delta on each side) spreads for them and make around 2% every month for it. + +In theory, the 35 IC would have maxed out my usable margin as the maximum margin for each is 10k(100strike distance x 100). However, that is based on the highest volatility possible. Most of the time, the margin impact for each IC fluctuates between 4k~7k depending on the volatility of the market. I personally have never seen it cross 7k. + +In other words, even though my account is worth 350k, my actual maintenance margin never exceeds 250k. + +Question is how safe is it for me to sell 40 or 45 instead of 35 IC to truly max out my margins? If its not safe, are there any other low risk strategies I can use to squeeze another .5 or 1% a month out of selling options? + +Btw I'm also holding around 140k worth of SPY/QQQ(60/40). +So what do you guy's (and gal's) think about a PCS where: + +-1 Put @20 Nov 20 '21 ++1 Put @15 Nov 20' 21 + +For a credit of 2.5$ or 250$ per spread. + +My TA indicated a possible bounce near 200 day MA (looks like it could hold, we saw green today but it doesn't have to mean anything) and I picked the 20 strike for the short leg since it seemed like a viable long term support zone. The credit serves as a buffer. + +Got 10 open positions as of today, thinking about adding another 10 if the premium increases over 250$ per spread 🤔 + +I was thinking about wheeling but I don't see this keeping high IV for long after the Nov announcement date (so a singular "known unknown event" driving volatility up as opposed to WSB. We know when the news come out but not what it will be). + +Feedback welcome. +Just wanted to call out this stock FBRX that is trading near 90 day lows after soaring. Price targets from analysts are in the 80 to 90 range. Aug 20 puts are selling for 700. Can't pass up this tasty premium although given the analyst targets I almost hope I get assigned. Happy trading! DYOR not a financial advisor etc. Just saw this on an Options Screener on ETrade and I haven't seen anyone talking about it. I'm finally giving up on meme stocks for now. +Basically, my strategy of finding and selling the highest expected rate of return credit spreads is working so far, but I’d like to make it a bit more efficient so I can use larger amounts of my portfolio at once without stupidly tying it up in one stock or multiple stocks that are closely correlated—win all at once or lose all at once is not what I want. In essence, I’m just looking for high volume stocks that tend to do their own thing so that I can spread out my risk over lots of trades. (Still not going to use over 10% of my portfolio at once, but maybe somewhere near that level.) TSLA is an obvious one to me, but the strike price intervals being $2.50 is a bit more than I’m comfortable with. I was thinking maybe MMM but I’d like to hear other opinions or if you’ve already been using this strategy. +Henlo again, fellow apes! To begin, a quick recap on my background, as it's relevant to what I'll be positing here. I studied Political Science and Economics in undergrad, spent three years working for the State Dept and an IC entity, prior to deciding to get an MBA and segue into the Finance world. Which I of course ended up hating, but easy come, easy go. + +But I digress. I'm happy to say this is a rare opportunity to apply some concepts from the start of my working career, and perhaps give y'all a little insight into the geopolitical ramifications of the government/SEC intervening on behalf of the shorts in this situation. It may seem like this situation is one that could be kept under the radar as a market irregularity or rare financial issue, but you would be sorely mistaken to think so, no matter how much shills might want to convince you otherwise. + +**When It's Global, It's Never Just About Money** + +I see a lot of people contesting that this situation is no different to 2008, insofar as the government/SEC intervening on behalf of the shorts to the detriment of the global public. These situations are vastly different, however. The global retail market is focused intently. Any fuckery, any FUD, any fraud, is being recorded and disseminated in real-time. And when data is being parsed in real-time, one simply cannot confine the fallout to financial markets alone. I've found it's best to give a specific example and a logical progression to illustrate, so let's go with....China. I can already visualize the headline: + +"US Government, SEC, and Wall Street firms conspire to rob Chinese and other global investors of trillions in potential earnings." + +I invite you to put a price tag on that diplomatic shitstorm. No really, I'll wait. The next logical leap? "Wait, hold up, you constantly shit on us for "stealing intellectual property" and "subjugating our own citizens", but even after 2008, you're still up to this shit? Your own elite class is shorting your own market, nay, your own COUNTRY, robbing your own middle and lower class in broad daylight, and you have the nerve to point fingers?" And you know what? They wouldn't be fucking wrong. + +And this scenario isn't reserved for nations with a bone to pick like China or Turkey. This is ammunition for EVERYONE. Even Germany could back pocket this for later, and they surely would after all the shit we gave them over austerity measures in 2008. See, I kinda hate that everything that can't be "proven" with hard numbers from a regulatory entity is disregarded as speculative, when we know full well that half the data we rely on for DD is manipulated, whereas human psychology is pretty cut-and-dry. I can't GUARANTEE you Chinese media runs that story, but I'd still bet my fucking life on it. + +**The Real Elite** + +I know what you're thinking. I promise, I'm not going full deep-state conspiracy theorist on you. There doesn't need to be a shadowy malevolent cabal operating behind the scenes for this to be a "don't fuck with the big boys" scenario. If Wall Street is old money to Silicon Valley's new money, then what I'm talking about here is OLD old money. International trade and shipping. Sovereign funds. State-owned enterprise. Large-scale commodities exchange. International banking. Shit that has existed for hundreds of years, operating on the margins of international borders and never attracting too much attention from anyone. These are the REAL monied interests, the guys who sit above the Forbes list, and they are NONE too fond of Kenny G right now. + +Don't get me wrong, I'm just as skeptical as anyone about the likelihood that things will ever work out in favor of the general public. But Citadel and friends had dozens of opportunities to get out in a way that could be swept under the rug. They opted not to. Now the situation is untenable. Siding with anyone other than the global retail community would be nothing short of insanity. + +All that said, I must levy the usual disclaimer that I can claim no clairvoyance of the result. The US Government is nothing if not inept, and even with a situation as glaring as this, nothing is promised. I'm just saying, having seen firsthand how this kind of information is weaponized, to do anything other than side with retail would be a death sentence to our market, our reputation, and our future. Much like the sentiment that governs market winners and losers, public opinion is everything. And to intervene here would irrevocably destroy the reputation and the exceptionalism we've touted for centuries. + +&#x200B; + +**TLDR: I'm really glad** [u/karasuuchiha](https://www.reddit.com/user/karasuuchiha/) **posted the Charles video earlier, because it is eminently applicable. This "rebirth of American exceptionalism" he posits can go one of two ways. The government can let this squeeze happen, and we can reaffirm the (sorely lacking recently) notion that America is the land of opportunity among the rest of the world. That if you're right, and you're tough, you can win in this market. Or, you can go the other way. You can confirm the steadily growing notion that we are not what we once were. That maybe we never were in the first place. That there are better options. For investing, for the global reserve currency, for the beacon of hope and justice. And the only thing that hangs in the balance is a couple dipshit hedge funds and a few trillion bucks. Do that math.** + +🙌💎🚀❤ +From this article: http://www.collaborativefund.com/blog/careful-what-you-wish-for/ + +"When Snap went public last month, its investor documents contained a warning that has become common in tech companies: + +> We have many current employees whose equity awards are fully vested and will be entitled to receive substantial amounts of our capital stock shortly after our initial public offering. As a result, it may be difficult for us to continue to retain and motivate these employees, and this wealth could affect their decision about whether they continue to work for us. + +Google is facing this too. Its self-driving car program is suffering an exodus of talent. Bloomberg recently explained why: + +> Early staffers had an unusual compensation system that awarded supersized payouts based on the project’s value. By late 2015, the numbers were so big that several veteran members didn’t need the job security anymore, making them more open to other opportunities, according to people familiar with the situation. Two people called it “F-you money.”" + + +[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!* +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). +Hello! + +I live in Poland and I started to invest in VWCE on Trading212 a couple of months ago because it seems the cheapest way for a person who doesn't have a lot of money in the beginning and want to save regularly like 100-200 EUR per month. I know it's not much but salaries in Poland aren't great and I also pay mortgage for my flat. + +However, not long ago I fund Polish index funds which seem cheap and are based on ETFs that may cover VWCE - inPZU Akcje Rynków Rozwiniętych benchmarks MSCI World, inPZU Goldman Sachs ActiveBeta® Akcje Rynków Wschodzących benchmarks Goldman Sachs ActiveBeta® Emerging Markets Equity Index) - you can check it all [here](https://inpzu.pl/tfi/) (it's in Polish but English version is also available). + +Is this option more reliable than using Trading212 and investing in ETFs which are EUR denominated? In inPZU platform I have funds that are quite cheap for Poland (there's only 0,5% management fee, nothing for money transfers etc whereas in other platforms there's usually fixed fee which often may be even 2% of small amount transactions) and I don't have to exchange money to EUR because I earn in PLN. The con of that solution is that these funds can't be traded live and their price is calculated daily but it shouldn't be a problem for mid or long term solution. + +Another question is: how much of my partfolio should be put in equities if I plan to buy a house in next couple of years (rather5 to 7). + +Thanks in advance for the reply +I'm in my 20s and I have a three month emergency fund. I also have next to no expenses as I still live with my parents. I would like to start to invest and I have been looking for an all-ETF portfolio that I could let grow for the next five, ten years. + +As I don't want to pay too much taxes I decided to go with only accumulative ETF. But I don't know if my portfolio is balanced enough or not. And how I could improve it. + +I would like to go 1/4 for each : + +ISHARES CORE EUROSTOXX 50 UCITS + +ISHARES CORE MSCI WORLD UCITS + +ISHARES CORE S&P 500 UCITS + +ISHARES MSCI EMERGING MARKETS UCITS + + + +I am taking a loan on a property, the interest rate is below 1%. I have an upper limit on how much initial capital I can put. When i do the calculation, I can get a 1% interest rate by putting half of my initial capital instead of 0.80%. + +For example: 50K -> 0.80% or 25K -> 1%. + +My liquidity isn't impacted if i go with 50K, so I am not sure which other criteria I should look at when deciding between 0.80% and 1%. The difference seems so small for half the price. + +Do you guys have an idea how I can orientate myself? Thanks! +I am from outside EU studying in Netherlands and would like to gain exposure to gold. I am thinking of a 3-4 year investment non-physical non-derivatives investment to diversify my existing portfolio. Can I get recommendations for which platform and investment tool to use? I would prefer to use Amsterdam exchange(probably the easiest) but am open to suggestions on others. + +I have been investigating for more than two years in crypto and equities in my home country. I know what I am doing, just don't know which tools to use in the Netherlands. + +Your time and help is appreciated! +Hi - I'm looking for some advice regarding what I should do financially regarding moving out. + +I'm 25, living in Dublin Ireland and I'm working as a software engineer. I recently started a new job which pays 50K a year. I live with my parents and I'm looking to move out. + +Money wise I have 35K saved, 5K in investment accounts and I can save 2K a month. I net around €3100 a month. + +I have two options when it comes to moving out. I can eitheir rent now, or buy in Q1 2022. + +1) I will be able to buy a 2 bed apartment for around 285K (assuming I get mortgage exceptions) in Q1 of next year. Which will require around 50-60K of a deposit which will leave me with no capital. + +I've never lived in a apartment and I'll probably be stuck here for a few years of I don't like it. + +The big pro here is security, I'll own my own place. The mortgage repayments will be alot cheaper than rent around 1K a month. + +2) I can rent. There's a build to rent scheme near me that has 1 beds avaliable for rent. These are very high spec and The cost is €1500 p/m which includes all bills except for electric. It even includes Wi-Fi and Sports channels. + +Obviously this costs more, but it will leave me with my deposit which I can invest (and keep 10K as an emergency fund). I can also get this next month instead of 9 months. + +I love my family, but it's getting hard to live with them. The bathroom situation is also bad, no one is cleaning up after they use it. + +I don't want to move out and share, I need my own space. + +Any advice on what to do? +Hello everyone. + +I recently (half year ago) relocated to Germany from non-EU country (not US as well). In my country we have an bank-affiliated application to invest in local ETF (usually backed by banks, investing globewide) and stocks of companies. It was really convenient, cause this broker pays all taxes when you sell some of your possessions with profit. But it was in the past. + +Now I have no idea how to invest here, in Germany. With my humble income (2 750 € net) I have some non-negotiable spendings like rent + internet (854 €) + food + dental insurance and so on. But it's not the main question. Main questions are: + +&#x200B; + +\- On which platform is better to invest for an expat? The more digital it is - the better. I don't want to transfer my money to country of my origin and waste money on fees. + +\- I am not so old (29 yo here) so horizon of planning lasts from 2...5 years till long term for my happy (no) retirement. That's why I am looking for short term (stocks, crypto) and long term (ETF, obligations) investments. + +\- I have vivid and N26 bank accounts, but vivid offers "investment" just by put your cashback to one of stock, which is lame and almost pointless. I am telling this details, cause it would be fine to have some, Idk, "easy transfer scheme" from my bank to this broker. +Investing in ETFs for long term is really good but i am in a weird financial situation and i dont know if i personally should start. I have made another post (my only post) explaining everything , take a look if you want but in a really quick TLDR my situation is: + +Both my parents are dead , i am 20 years old , living only with my grandfather (80 years old) , i am in university , i have no debts , and i take a pension of 180 euros per month Because i have no parents and i am a uni student and i am NOT allowed to work or else i will lose the pension. The minimum wage here is 550 euros , i will finish uni in around 4-5 years. The pension will continue for 36 more months (6480 euros) and then it will stop regardless of whether i am still in uni or not. My grandpa gives me 50 euros per month which is more than enough to get by and i save all 180 euros of my pension. I rarely use some money of my savings (~200 euros per year). All my other expenses (food, home) are covered by my grandfather because i live with him. + +I have 2200 euros in my bank and 2000 euros in my broker account which is degiro. I haven't bought anything and i am thinking of taking my money back and deleting my broker account. If i will invest i will only buy VWCE. What makes me double think is that i want to move abroad permenanlty after i finish uni (4-5 years?) And i might probably have to sell my VWCE to do so i guess and it might be down at that time. Also , if my grandfather dies before i finish uni i will have to work + study and i will be in a hard financial situation because i will have expenses of like 600 euros per month. If i invest, i won't add any more money for like a year so that i have a bigger emergency fund (4500 euros). After that , i might add some of the pension money monthly. + +Considering all the above , does it even worth the hustle? If i expect an average return of ~8% per year , those 2000 (without ever adding more money) would make a profit of 750 euros in 4 years which tbh is nothing. And i also risk that the market could be down when i plan to move abroad in case i want to sell because of my moving. Even if i dont sell then and let's say i sell in 15+ years , i will be taxed in the new country (in my current country there are no taxes on VWCE) so i will have even less profit and we are talking for such low amounts of money and I don't know if its worth it. Maybe i should save all my money and dont invest until i move abroad and have a good job? I am really confused. What would you advise me? +I'm an ass prof economics. I don't want to discuss why or if short selling is advisable. + + +But can I short sell Ryan air holding from say Germany? Any broker where I can sell the stock? Or use some EU derivatives? +Hi all and a Happy 2020, + +Does it make sense to start investing when one has a mortgage with a good interest rate (1.25 % p.a.) fixed for 15 years? What would be the best strategy from the options below? + +But first, some data: +- Mortgage amount is 248 000 E with a rate of 1.25 % (p.a.). +- The monthly repayment is 720 E. I am currently paying the mortgage from the rent I'm getting from the property. However, in a few years I will very likely move into the flat. +- With the current monthly repayments in 15 years there will still be half of the principal left to pay. I can afford to pay more so that I can repay the full amount in 15 years. But is that a good idea? +- Investing budget: 500 E/month and an extra 8-10 000 E/year. + +My goals are: +- Decrease exposure after the 15 years by repaying all or most of the loan. +- Start saving for retirement. + +What would be a better strategy: + +1) Go 100% on paying the mortgage. The least risky. I would save something in the range of 20 000 E by paying in advance. + +2) Use the extra cash to make a Equity All World ETF portfolio and pay the principal after the 15 years. This has (in theory) better returns but is riskier. Who knows how the market is going to look like after 15 years are over. + +3) A mix of 1) + 2): I was thinking of considering the extra mortgage repayment as a bond part of a 60/40 or 70/30 portfolio (so 40% or 30% goes into extra loan repayment)? This covers some risk of the market being in a bad place at the end of the 15 years. + +I would be very interested in hearing your opinions. +I'm a 22 year old teacher from Barcelona, and this month I'll be receiving my first salary. I'm eager to start investing and have been researching on the topic. + +Many Reddit communities and YouTube channels on investment strongly advise you to create a 401k or Roth IRA. However, these only exist in the United States. + +Is there any equivalent for these in Spain? +Hello everyone. + +I recently (half year ago) relocated to Germany from non-EU country (not US as well). In my country we have an bank-affiliated application to invest in local ETF (usually backed by banks, investing globewide) and stocks of companies. It was really convenient, cause this broker pays all taxes when you sell some of your possessions with profit. But it was in the past. + +Now I have no idea how to invest here, in Germany. With my humble income (2 750 € net) I have some non-negotiable spendings like rent + internet (854 €) + food + dental insurance and so on. But it's not the main question. Main questions are: + +&#x200B; + +\- On which platform is better to invest for an expat? The more digital it is - the better. I don't want to transfer my money to country of my origin and waste money on fees. + +\- I am not so old (29 yo here) so horizon of planning lasts from 2...5 years till long term for my happy (no) retirement. That's why I am looking for short term (stocks, crypto) and long term (ETF, obligations) investments. + +\- I have vivid and N26 bank accounts, but vivid offers "investment" just by put your cashback to one of stock, which is lame and almost pointless. I am telling this details, cause it would be fine to have some, Idk, "easy transfer scheme" from my bank to this broker. +I want to start budgeting my money using the needs/wants/saving framework, probably with wants split into a few further sub-categories. + +N26 has a feature that seems super handy for this, which is "Spaces" and basically allows for sub-accounts with their own separate IBAN which can be linked to my physical card. But I know there's tons of other apps who also help manage this. + +So I'm undecided between (a) using one of those apps or (b) opening a N26 account and using it for expenses only (i.e. I'd have a primary account in a normal bank to receive my income, then transfer X% to N26 every month for expenses). + +Thoughts? N26 Premium is much cheaper than YNAB so I'm inclined to use it. However it's got a bunch of fees I'm not happy about (apparently 0.99€ for Instant SEPA transfers whereas my Revolut doesn't charge for this, 12.50€ + 0.1% for incoming transfers, which again Revolut doesn't charge to receive money). +I'm in my 20s and I have a three month emergency fund. I also have next to no expenses as I still live with my parents. I would like to start to invest and I have been looking for an all-ETF portfolio that I could let grow for the next five, ten years. + +As I don't want to pay too much taxes I decided to go with only accumulative ETF. But I don't know if my portfolio is balanced enough or not. And how I could improve it. + +I would like to go 1/4 for each : + +ISHARES CORE EUROSTOXX 50 UCITS + +ISHARES CORE MSCI WORLD UCITS + +ISHARES CORE S&P 500 UCITS + +ISHARES MSCI EMERGING MARKETS UCITS + + + +I had a job in Barcelona (permanent contract) and tax was automatically deducted from me. They fired me, and I haven't had a job in Spain since. I'm not on paro (since it was my first job) and am spending my savings. I have a NIE and an SS. + +\- Can I claim some of the tax back? + +\- What is my first port of call? + +\- Do I need to wait for the financial year to be over? + +Why I'm asking: + +In the UK, I know that there's a minimum taxable allowance, and if there's the same in Spain, I probably fall under that and would have overpaid my taxes for the year. +I have searched previous threads here, but it's been a while and the ETF seems to have grown a little in the meantime. + +First of all: I know, ESG funds are bound to be somewhat inefficient - I can live with that, and while the criteria do not entirely match my personal preferences I think that they are still better than nothing. I am not asking about that. + +What I am asking is: I would like to mainly invest in [V3AA](https://www.justetf.com/en/etf-profile.html?isin=IE00BNG8L278#overview) from now onwards (I don't think I'm switching my previous investments soon, though - too much hassle and expense). However, it is still a relatively small fund (roughly $77.21 million AUM, doing the currency conversion), and I would guess that at least a few of those who invested in it did so mainly because they wanted a global index fund with small caps and will likely switch over when (correct me if I'm wrong, but I suspect it is a when, not an if) a non-ESG ETF of that kind gets introduced to European investors. + +Furthermore, not so long ago Vanguard closed [VDVA](https://www.justetf.com/en/etf-profile.html?isin=IE00BYYR0B57), that had a rather bigger AUM. + +On the other hand, that was an actively managed fund, so costs and considerations for Vanguard were not really the same. + +What do you think? Market fluctuations do not worry me too much, but I'd hate to be forced to sell my shares at an inconvenient time because the ETF is closing... + +Thanks! +Hi, im a 17 year old person from Denmark. +I Currently have saved up about 7000,- dkk (About 1000$), and would like to invest them in something. I dont really have a lot of expreience about it, so would love some input or sugestions. +The money isn't something im gonna need anytime soon, so the investment could be a semi-long one. (2-4 years) + +&#x200B; + +Thanks in advance. -Jacob + + +note: Sorry if there is a few mispellings etc. English is not my first language. + +Hi all and a Happy 2020, + +Does it make sense to start investing when one has a mortgage with a good interest rate (1.25 % p.a.) fixed for 15 years? What would be the best strategy from the options below? + +But first, some data: +- Mortgage amount is 248 000 E with a rate of 1.25 % (p.a.). +- The monthly repayment is 720 E. I am currently paying the mortgage from the rent I'm getting from the property. However, in a few years I will very likely move into the flat. +- With the current monthly repayments in 15 years there will still be half of the principal left to pay. I can afford to pay more so that I can repay the full amount in 15 years. But is that a good idea? +- Investing budget: 500 E/month and an extra 8-10 000 E/year. + +My goals are: +- Decrease exposure after the 15 years by repaying all or most of the loan. +- Start saving for retirement. + +What would be a better strategy: + +1) Go 100% on paying the mortgage. The least risky. I would save something in the range of 20 000 E by paying in advance. + +2) Use the extra cash to make a Equity All World ETF portfolio and pay the principal after the 15 years. This has (in theory) better returns but is riskier. Who knows how the market is going to look like after 15 years are over. + +3) A mix of 1) + 2): I was thinking of considering the extra mortgage repayment as a bond part of a 60/40 or 70/30 portfolio (so 40% or 30% goes into extra loan repayment)? This covers some risk of the market being in a bad place at the end of the 15 years. + +I would be very interested in hearing your opinions. +Hi! + +I lived in non EU country and was tax resident of that country. Also I have Interactive Brokers account. + +Now I moved to EU country and started to pay taxes in it (so I becomes tax resident of that EU country). + +I want to update my account in Interactive Brokers appropriately, but I'm not sure what exactly I should do? + +Just update info in account and that's all? Or update info and provide some documents that can prove my new tax residence? Or even close old account, and open new one? + +Thanks for any ideas. +Hello, I am starting in the investment world. I have done my research to the point I got overwhelmed with all those ETFs out there.  + +I want to follow the most profitable, yet simple strategy. I could use your opinions on the following:  + +**Data** + +\- Country: France + +\- Monthly investment capacity: 1500 EUR + +\- Initial investment: 10k  + +\- Strategy: Long term 10 to 20 years + +**ETFs** + +Out of that 1.5k / month, I will be putting 500 each month towards bonds (or any safer option) and 1k inequities. + +I want only Ireland domiciled accumulating funds for tax porpuses. + +Two options: **iShares Core MSCI World UCITS** or **iShares Core S&P 500 UCITS** + +Facts:  + +* The TER is 0.20 and 0.07 respectively +* The S&P 500 had outperformed the MSCI for several % points each year. + +I am looking for the most profitable way to grow my money with ETFs + +Questions: + +1. Will I be good with only 1 of the above equity ETF? +2. If yes, which one? +3. Do I need more ETF in my portfolio? +4. Is there any better combination to achieve better profits? +5. If no, why I see people having 5 or more ETFs? + +&#x200B; + +Thanks for taking the time to comment.  +I know that I have left this quite late, but is there anything I need to do with my Computershare account to ensure I get the dividend? My share type is ‘book’ and I haven’t changed any settings since I updated my account, I’ve only updated my tax information. Thanks in advance! +Hello, + +Im planning to invest 20,000$ of my savings and put it in stocks. + +I know close to little about this process and would like to inform myself before committing to this plan. + +Are their any books, in depth articles or even textbooks out there worth picking up that explain the workings of investment and the stock market? +I hit a goal of mine this past week. http://i.imgur.com/4xdJwEZ.png + +I grew up fairly poor and wanted more for myself and my family. I'm 35 now and have been working extremely hard, long hours, stressful jobs, and it's starting to pay off. My wife and I live well below our means and most people have no idea how much I make, or how well we do. Along with that, it's just not a proper thing to do to talk about money, so although this is one of my proudest achievements, it's inappropriate for me to discuss with anyone and I can't celebrate with anyone in real life. I don't even feel right posting on my regular reddit account, so decided to use my throwaway account. + +I had to tell someone, and I have taken inspiration from many people on this subreddit, so decided to post here. Thanks all for the advice and inspiration. +Risk averse investor here looking to build a 20 year passive strategy. Capital preservation is more important than upside potential so I’m looking at the downside risk for the risk evaluation part of the portfolio. I watched Buffet’s 2020 interview where he was confident that BRK will continue to perform well the next 15 years and very confident that it will beat the index in a downturn. The merits of holding a market index are well known and he again said that is probably better to hold the index. But I’m weary of the instrument risk particularly an ETF. The mechanics of how it works seem shaky to me, the way the index itself is built is murky and the fact that the passive component of the managing boards is so high already that is potentially affecting the decisions - and it’s only getting higher. Given how BRK owns a diverse portfolio and a lot of cash can it be a substitute or a better hold than market wide index + cash? +What’s everyone’s thoughts on gurufocus’s intrinsic value? They have multiple different forms like DCF earnings based, DCF that’s FCF based, Lynch value, Graham number. Just wanted to see if anyone has had a past history with it and if it’s worked for them? Or if they have just compared their on analysis to theirs +So i have a question for people more knowledgable in the value community. Mostly, I am to invest in good companies in special situations ( spin-offs/ mergers/ restructuing) where value is created. + +My questions is, can you invest in bad companies, but with a solid margin of safety and a much higher net liquidation value, or does this detiorate shareholder returns in the long term. + +Looking at Nova Lifestyle ($NVFY) it trades at a $15.1m market cap, with assets of $37.5m, debt of $150k (0.38PB ratio). + +now for the bad news: - detiorating earnings + revenue + +revenue from 100m to 15m + +earnings from 5-10m a year to -30m since 2020, COVID related, detoriating fast. + +To summarise, for net net stocks, is the only way to make money liquidation? or can superior returns be achieved by other methods. +Hello fellow investors, today I wanted to ask you guys about how you handle your portfolio regarding the amount of positions and assigned weights. + +This is something I often think about. When I started investing I only had about 5 positions, mostly due to the low invested amount. When I began to handle more money I started expanding my portfolio until I had about 25 positions with the first 5 being relatively big positions and the others between 2 and 5 %. My thought here was to lower risk through diversification. + +But I soon realized that it was way to hard to keep up with all my investments through earnings season and to constantly monitor these companies. It also made no sense to me to add cash to positions which weren’t my top 5 convictions. + +So I realized I’m not Peter Lynch and started to sell of some positions which I did not regard as good as others in respect to risk and return. Now I own 13 different companies and my top 4 positions are about 65 % of my portfolio. I see my portfolio in a more aggressive as well as risky position, but I am currently quite okay with it. + +So I was wondering how you guys manage your investments and what your thoughts are. I think I read that Munger said something like how there is a fine line between genius and madness regarding Mohnish Pabrai‘s portfolio which only consists of a couple of companies. That said, I’m curious to hear from you :) +Last stock I mentioned was Ford. I feel comfortable with my position there, so now I’m looking for my next long-ish term hold & I keep going back to Boeing. + +Here is my reasoning - they have had less than positive press lately, indecisive leadership & a stagnant airline industry. + +BUT they have a ton of inventory & equipment (I can’t figure out if they own or lease the equipment). I feel like these prices will stay low until people start traveling again and airlines start purchasing again or they adapt and figure out a creative solution to the current state of the industry (I don’t know enough to even speculate about how they could do this...) + +What do y’all think? +It seems that a lot of negativity is already prized in and there are a many stocks that have reached attractive levels. I am currently looking at the following stock: + +&#x200B; + +**Vonovia SE** + +Vonovia SE is the largest real estate company in Germany (they do own apartments in Austria and Sweden). They own 549.484 apartments in total (488.889 in Germany - 39.374 in Sweden - 21.221 in Austria). Around 2.2% of the apartments are vacant (as of June 30, 2022) - 3.0% in Sweden - 2.0% in Germany - 5.2% in Austria. + +For example, in Austria there are a new (2022) requirement for mortgages: + +\- minimum 20% down payment + +\- maximum length of 35 years + +\- monthly mortgage payment may not be more than 40% of monthly net income + +&#x200B; + +It is undeniable that housing will always be needed and now that interest rates are rising (therefore making mortgages more expensive) less people can afford to buy apartments which in turn helps Vonvovias business. + +Furthermore, the current crisis in Ukraine is also beneficial as many Ukrainians have come to Germany (more than 915.000 registered as of August - 353.424 are registered with employment agencies, job centers, local authorities) + +\--> [https://www.dw.com/en/is-support-for-ukrainian-refugees-waning-in-germany/a-62745596#:\~:text=But%20if%20hard%20figures%20are,centers%2C%20and%20other%20local%20authorities](https://www.dw.com/en/is-support-for-ukrainian-refugees-waning-in-germany/a-62745596#:~:text=But%20if%20hard%20figures%20are,centers%2C%20and%20other%20local%20authorities). + +&#x200B; + +Intermin Financial Report for 2022 H1: [https://report.vonovia.de/2022/q2/en/](https://report.vonovia.de/2022/q2/en/) + +P/E of 8.55 + +Div yield of 7.74% (payout ratio of less than 70% - so the dividend does not seem to be in immediate danger) + +Market cap around 17B + +EPS 2.51 + +&#x200B; + +**Risks** + +They have around 70B in debt (vast majority is long term debt), however, their total assets are around 106B (debt to assets around 65%). Management recognized this problem and put apartments on the market which should bring in 13B and deleverage the company. + +Political risk is also a potential problem. The german government could impose new policies (like further limiting the amount of rent Vonovia can demand per tenant). + +&#x200B; + +Nonetheless, I believe the market overreacted and the stock is currently fairly priced with a good margin of safety. + +&#x200B; + +I am also looking at Vestas (wind turbines), ING (bank with pretty good dividend), BASF SE (largest chemical company in the world - hit pretty hard by the war in Ukraine), however, I did not do extensive dd on these. +Hello fellow investors, today I wanted to ask you guys about how you handle your portfolio regarding the amount of positions and assigned weights. + +This is something I often think about. When I started investing I only had about 5 positions, mostly due to the low invested amount. When I began to handle more money I started expanding my portfolio until I had about 25 positions with the first 5 being relatively big positions and the others between 2 and 5 %. My thought here was to lower risk through diversification. + +But I soon realized that it was way to hard to keep up with all my investments through earnings season and to constantly monitor these companies. It also made no sense to me to add cash to positions which weren’t my top 5 convictions. + +So I realized I’m not Peter Lynch and started to sell of some positions which I did not regard as good as others in respect to risk and return. Now I own 13 different companies and my top 4 positions are about 65 % of my portfolio. I see my portfolio in a more aggressive as well as risky position, but I am currently quite okay with it. + +So I was wondering how you guys manage your investments and what your thoughts are. I think I read that Munger said something like how there is a fine line between genius and madness regarding Mohnish Pabrai‘s portfolio which only consists of a couple of companies. That said, I’m curious to hear from you :) +I've found a company that I love and invested pretty heavily in it, especially as the price has plummeted. It's a newly public company. + +The price is $2.50 right now, and if it goes to $1.50, I wouldn't be worried. Except for a potential delisting. I doubt that they'll run out of cash before they achieve profitability. What would happen if they were to get delisted? Would it be virtually impossible to recover? Or is it possible that the stock could recover? +Shopify Inc., a company that suffered from one of the worst fallouts of the covid pandemic and lost over 70% in 2022, is finally showing signs of recovery. We all know Shopify by now, but for those who aren’t familiar, Shopify is the most famous e-commerce store builder out there, dominating 29% market share of e-commerce sales software. + +But after the Covid restrictions had finally lifted, e-commerce companies have gone through a fallout (YoY growth-wise). The struggle continues even today, with consumer spending decreasing while costs are increasing. But even though SHOP is having tough times, Q3 shows a positive turning point. + + +## Why you should invest in $SHOP + +Despite the current e-commerce slowing, global e-commerce sales are expected to reach $8.1 trillion by 2026. Online shopping is here to stay and will probably grow as technologies like AR make the internet a much more interactive environment. In Q3, SHOP reported better-than-expected revenue and a narrower-than-expected loss, which surged its stock 17% on October 27. + + +Looking further into the financials, [SHOP revenue](https://www.jika.io/quote/SHOP/financials/revenue/revenue) increased 22% YoY ($1.37B) and beat estimates by $30M, SHOP also lost 2 cents per share beating analysts' estimate by 5 cents per share. Their 2 most profitable segments are Subscription solutions, which increased 12% YoY($376.3m), and Merchant solutions which increased by 26% ($989.9m). + + +The company keeps creating successful solutions like Shopify Payments, and great acquisitions like Deliverr, an e-commerce shipping company. Overall, the company shows continuous successful initiatives that maintain great growth. Similar to what Amazon did, Shopify’s plan is to simplify logistics and support fast deliveries across the U.S. + + +# Why you shouldn’t invest in $SHOP + +Short-term, I estimate that [$SHOP](https://www.jika.io/quote/SHOP/overview) will be negatively impacted by its continued investments. Shopify’s operating expenses increased by almost 45% in Q3 of 2022 compared to last year, expenses were mostly invested in marketing - Shopify relies heavily on marketing. Worth mentioning that the company anticipates a decrease in operating expenses for Q4, analysts think the same. + + +## Final Thoughts + +It’s safe to say Shopify is the leading company in the e-commerce market, and with a successful portfolio of recent acquisitions and initiatives, I believe this company is in good hands, steering to the right direction. + +With that being said, Shopify is currently investing a lot of money in itself, meaning the stock is in a volatile state, and it’s reasonable that the stock will be affected negatively in the short term. + + +**SHOP is a great value investment, and I will probably buy a position at a better buying point sometime in the near future.** [**Follow my portfolio**](https://www.jika.io/u/Crowman) **to learn when.** + + +Shopify's Q3 - [https://investors.shopify.com/financial-reports/default.aspx](https://investors.shopify.com/financial-reports/default.aspx) +According to Ben Graham “Stock Market in the short run is a voting machine but in the long run it is a weighing machine” + +In this video Buffett explains how Munger changed his investing style from Cigar butts to investing in great business at a fair price + +https://youtu.be/lWcR1zXk-iw + +As a Value Investor what is your average holding period? Also what are great businesses that are trading at a fair price now in your view? +I am just starting my serious investing journey into finding places to invest my money where I have the potential to beat things like my 403b, Vanguard ETFs, etc. + +One number I keep getting caught up on is growth rate, as I find this useful in calculation the future prospects of a company. I try to do my own calculations based on historical data and then make a bunch of judgements about more subjective things for future predictions. But I always like to check what other sites have to say. + +Sometimes they are so vastly different that it makes me wonder how they go about getting their info: + +Let's look at **Devon Energy Corporation (DVN)** + +Yahoo Analysis says a Growth Estimate of Next 5 Years (per annum) 37.56% + +[Simplywall.st](https://Simplywall.st) says an expected growth rate of -14.1%. + +&#x200B; + +What accounts for these crazy differences? Can anyone give some pointers on creating my own growth rate expectations? +Hello all, + +I'll be creating a discounted cash flow for the first time for Chipotle (CMG) over the next three days. I am currently a senior majoring in finance and taking a valuation course. Our first project is to create a DCF model and make a recommendation to buy, sell or hold. I would love to hear your guys' thoughts on CMG. + +Any tips or advice would also be great. + +After looking over their profile for about 20 minutes these are my initial thoughts. + +Why the hell do they have a PE ratio of 60 as a restaurant? Isn't that absurdly high compared to their competitors? + +I am assuming their huge PE is largely due to their huge increase in revenue in 2021 and consistent growth over the year. + +Their balance sheet has tripled since 2018, this is due to growth but also due to having 3.5B in long term debt. + +They have capital lease obligations of 3.5B... I was assuming this is them investing in PPE but looking at their cash flows they only have around 400M of PPE investment each year. Where is all of this capital lease obligations coming from? + +They have really strong FCF of 860 M, another reason for their price. + +That's it for now, ill probably update this after I complete my project. Any discussion is much appreciated. +Before going off on the valuation, I'll head in first at what ASO (Academy Sports & Outdoors) + + +Academy Sports & Outdoors, just from the name, is an online & brick n' mortar retail business selling, as you know, sports (Golf, running shoes, etc.) and outdoor products (camping materials, backpacks, etc.) + + +The business model is extremely similar to Dick's sporting goods, except they're in 2 niches, which is sports and outdoors, while Dick's sporting goods, as you know, is in 1 niche which is sports. + +**Quick overview of Industry:** + +The sports & outdoors industry has been a really fast growing industry from 2017-2021 growing to $69.94bln in 2021 from $41.73bln in 2017 which shows an average growth of nearly 17% a year for the industry. + +On these stats, diving equipment were excluded, which isn't a really huge % of the industry (Which is only approx. $3.7bln) + + +**Academy Sports & Outdoors - Why the title?** + +Normally, companies who see historical revenue growths of 10%+ (Or the growth of the revenue growth is more than 5%) can typically see valuations of more than 1x p/s ratio. Especially if the company can see stabilizing operating margins of atleast above 10%, to justify the 2x p/s ratio. + + +So what does this have to do with Academy sports & outdoors? + +Academy Sports & Outdoors just IPO'd recently, I know that may seem sound like a sign that it's overvalued as people buy into the hype, but hear me out below on the valuation! + + +For the sake of ease, I'll call it Academy Sports & Outdoors as ASO (Ticker) + + + +**Valuation:** + + +Before we get in, we need to know some essential metrics so you can understand how the current price relates to other metrics: + + +Market Cap: $3.7bln +Enterprise Value: $4.6bln +Outstanding Shares: 99M +Price: $41.67 + + +Right off the bat, **MC/EV is at a healthy 83%\~** which is pretty good. Some might assume that the company is at an 83% MC/EV because 1: the company isn't seeing growth or 2: low margins for it to be fairly valued. + + +But this assumption is wrong, even though ASO has seen flat revenue growth at it's inception, just after 2 years, the company managed to **grow at an outstanding rate of 17% average for FY 2020 to FY 2021 and FY 2021 to TTM.** + + +Now, the "doubter" or devils advocate would say that the company is probably not undervalued because margins are extremely unstable and not generating a profit. + + +But this assumption, once again, is wrong. + + +**Operating margins have grew at an outstanding 71% YoY with it's real operating margin going from 3% in FY 2018 to FY 2021 of 7% to 13% in the TTM.** + + +Gross margins, too, are growing from FY 2018 28% to TTM 35% or FY 2021 30% + + +Not only that, but the company has been seeing SG&A % expense and total opex dropping from 2018-2021. SG&A dropping from 26% in FY 2018 to 23% in FY 2021 and 22% in TTM + + +SG&A = Opex in this case as the company hasn't been spending on R&D. + + +At this point, some may say that the company is actually at risk of bankruptcy, hence why it's trading at a discount, but ASO, at an altman z-score point of view is at 2.5\~ indicating the company is NO WHERE near bankruptcy nor financial distress. + + +Some may point out to a ballooning debt, when for ASO, debt has been cut from $1.6bln in FY 2018 to $785MLN in FY 2021. + + +Now to CFO and FCF! + +CFO margins also grew since it's inception in 2018. In 2018 FY, CFO margin% was at 2% while right now it's at 18% FY 2021. + + +FCF margins, from 2018-2021 went from -1% fcf margin to 17% fcf margin in 2021. + + +Not only that, but Return on Equity, as usual I'll do 2018 FY to 2021 FY, went from 12% to 87% in 2021 then back to 53% in TTM. + + +Now the important benchmark here is SALES. + + +Companies that trade more than 2x P/S is usually justified with a 15%+ operating margin OR if revenues are growing at a rapid pace. + + +But with both of these combined, rapidly growing revenue, stabilizing margins, and a healthy balance sheet the current valuation of the company of less than 0.9x P/S indicates that the stock is EXTREMELY undervalued. + +&#x200B; + +Now why's the stock undervalued? + + +1. Sales/Price - 1.71x > This valuation indicates that it's undervalued with revenues growing at more than 5% plus the revenue growth's growth is more than 10% and operating margins are stabilizing at around 10%\~ + +2. MC/EV - 83% - Even with huge growth, the company still has a healthy balance sheet with debt being cut from approx $1.6bln in 2018 to $785mln in 2021. + +3. CFO margins, average including the inception stage which is usually negative or 0, is at 12%! With the last 2 years of CFO showing 26% FY 2021 and 17% TTM + +4. FCF is wholly aligned with CFO margins - 25% FY 2021 and 15% TTM +5. Company's leverage is 71% (debt/shareholder equity) + +6. Altman z-score showing the company isn't at financial distress +7. Gross margins rapidly growing from 29% in FY 2018 to 35% in TTM and 30% FY 2021 + +&#x200B; + +So after all this DD, now you know why the title's like that! Growth stock with a healthy balance sheet and stabilizing margins trading at retail multiples of less than 1x P/S. + + +**Mini-DCF:** + +I don't really have a set/systematic way of calculating fair value, mainly feel \[Comparing sales and other metrics to price\]. But this "mini-dcf" is mainly for extra conviction by using extremely grim growth numbers. + + +WACC estimated is at 4%\~ + +**Growth rate to perpetuity at -2%** using free cash flows of TTM (No projections, just getting the average of the last 2 years FCF, which is giving it more benefit of the doubt as it's at it's growth stage) + +We get a rough valuation of $8.25bln for the stock, which is crazy! + + +Thoughts? +So, for example, this guy keeps averaging down while WLMS keeps tanking. +[http://openinsider.com/insider/Brown-David-A-B/1112508](http://openinsider.com/insider/Brown-David-A-B/1112508) + +Does he really know something, is he stupid or he doesn't care cause 1 mln $ a year is peanuts for him? +WLMS is now at 0.93$ per share. +Before going off on the valuation, I'll head in first at what ASO (Academy Sports & Outdoors) + + +Academy Sports & Outdoors, just from the name, is an online & brick n' mortar retail business selling, as you know, sports (Golf, running shoes, etc.) and outdoor products (camping materials, backpacks, etc.) + + +The business model is extremely similar to Dick's sporting goods, except they're in 2 niches, which is sports and outdoors, while Dick's sporting goods, as you know, is in 1 niche which is sports. + +**Quick overview of Industry:** + +The sports & outdoors industry has been a really fast growing industry from 2017-2021 growing to $69.94bln in 2021 from $41.73bln in 2017 which shows an average growth of nearly 17% a year for the industry. + +On these stats, diving equipment were excluded, which isn't a really huge % of the industry (Which is only approx. $3.7bln) + + +**Academy Sports & Outdoors - Why the title?** + +Normally, companies who see historical revenue growths of 10%+ (Or the growth of the revenue growth is more than 5%) can typically see valuations of more than 1x p/s ratio. Especially if the company can see stabilizing operating margins of atleast above 10%, to justify the 2x p/s ratio. + + +So what does this have to do with Academy sports & outdoors? + +Academy Sports & Outdoors just IPO'd recently, I know that may seem sound like a sign that it's overvalued as people buy into the hype, but hear me out below on the valuation! + + +For the sake of ease, I'll call it Academy Sports & Outdoors as ASO (Ticker) + + + +**Valuation:** + + +Before we get in, we need to know some essential metrics so you can understand how the current price relates to other metrics: + + +Market Cap: $3.7bln +Enterprise Value: $4.6bln +Outstanding Shares: 99M +Price: $41.67 + + +Right off the bat, **MC/EV is at a healthy 83%\~** which is pretty good. Some might assume that the company is at an 83% MC/EV because 1: the company isn't seeing growth or 2: low margins for it to be fairly valued. + + +But this assumption is wrong, even though ASO has seen flat revenue growth at it's inception, just after 2 years, the company managed to **grow at an outstanding rate of 17% average for FY 2020 to FY 2021 and FY 2021 to TTM.** + + +Now, the "doubter" or devils advocate would say that the company is probably not undervalued because margins are extremely unstable and not generating a profit. + + +But this assumption, once again, is wrong. + + +**Operating margins have grew at an outstanding 71% YoY with it's real operating margin going from 3% in FY 2018 to FY 2021 of 7% to 13% in the TTM.** + + +Gross margins, too, are growing from FY 2018 28% to TTM 35% or FY 2021 30% + + +Not only that, but the company has been seeing SG&A % expense and total opex dropping from 2018-2021. SG&A dropping from 26% in FY 2018 to 23% in FY 2021 and 22% in TTM + + +SG&A = Opex in this case as the company hasn't been spending on R&D. + + +At this point, some may say that the company is actually at risk of bankruptcy, hence why it's trading at a discount, but ASO, at an altman z-score point of view is at 2.5\~ indicating the company is NO WHERE near bankruptcy nor financial distress. + + +Some may point out to a ballooning debt, when for ASO, debt has been cut from $1.6bln in FY 2018 to $785MLN in FY 2021. + + +Now to CFO and FCF! + +CFO margins also grew since it's inception in 2018. In 2018 FY, CFO margin% was at 2% while right now it's at 18% FY 2021. + + +FCF margins, from 2018-2021 went from -1% fcf margin to 17% fcf margin in 2021. + + +Not only that, but Return on Equity, as usual I'll do 2018 FY to 2021 FY, went from 12% to 87% in 2021 then back to 53% in TTM. + + +Now the important benchmark here is SALES. + + +Companies that trade more than 2x P/S is usually justified with a 15%+ operating margin OR if revenues are growing at a rapid pace. + + +But with both of these combined, rapidly growing revenue, stabilizing margins, and a healthy balance sheet the current valuation of the company of less than 0.9x P/S indicates that the stock is EXTREMELY undervalued. + +&#x200B; + +Now why's the stock undervalued? + + +1. Sales/Price - 1.71x > This valuation indicates that it's undervalued with revenues growing at more than 5% plus the revenue growth's growth is more than 10% and operating margins are stabilizing at around 10%\~ + +2. MC/EV - 83% - Even with huge growth, the company still has a healthy balance sheet with debt being cut from approx $1.6bln in 2018 to $785mln in 2021. + +3. CFO margins, average including the inception stage which is usually negative or 0, is at 12%! With the last 2 years of CFO showing 26% FY 2021 and 17% TTM + +4. FCF is wholly aligned with CFO margins - 25% FY 2021 and 15% TTM +5. Company's leverage is 71% (debt/shareholder equity) + +6. Altman z-score showing the company isn't at financial distress +7. Gross margins rapidly growing from 29% in FY 2018 to 35% in TTM and 30% FY 2021 + +&#x200B; + +So after all this DD, now you know why the title's like that! Growth stock with a healthy balance sheet and stabilizing margins trading at retail multiples of less than 1x P/S. + + +**Mini-DCF:** + +I don't really have a set/systematic way of calculating fair value, mainly feel \[Comparing sales and other metrics to price\]. But this "mini-dcf" is mainly for extra conviction by using extremely grim growth numbers. + + +WACC estimated is at 4%\~ + +**Growth rate to perpetuity at -2%** using free cash flows of TTM (No projections, just getting the average of the last 2 years FCF, which is giving it more benefit of the doubt as it's at it's growth stage) + +We get a rough valuation of $8.25bln for the stock, which is crazy! + + +Thoughts? +I've been diving deep into this world, especially value investing but I can't get my head around how an investor can keep the lights on. I understand the intrinsic value of investing for my future and my family but how does that translate to paying your bills? I know that I can build great wealth and leverage that down the line and it's a glorious way to raise that net worth. +But how would I buy groceries? + +I know this is a loaded question and I'm going to get some paragraphs but I think the conciseness of this answer is what I need. It's probably easier than I'm making it out to be but investing is important and I want to do it right. +Hi everyone, + +Happy to have found this sub. + +I’m relatively very new to investing. So, I’m here for some tips on how to get started. Hope you guys can help me out. + +I am in search of a really good trading platform to buy and hold stocks/ETF etc. I have looked into a couple of them like IB, Fidelity (not available in my country), Etoro etc. What I have learned is that IB is really good but their commissions are huge and maybe for me as a beginner it might not be the best option. I’m very resistant towards etoro as I have not seen or heard anyone really good at investing use etoro as their primary trading platform. (I could be wrong) + +Can someone here suggest me a good platform for long term buy and hold investment strategy? Any other tips are more than welcome. + +Thanks in advance. + +EDIT: I’m not a US resident. +I've been diving deep into this world, especially value investing but I can't get my head around how an investor can keep the lights on. I understand the intrinsic value of investing for my future and my family but how does that translate to paying your bills? I know that I can build great wealth and leverage that down the line and it's a glorious way to raise that net worth. +But how would I buy groceries? + +I know this is a loaded question and I'm going to get some paragraphs but I think the conciseness of this answer is what I need. It's probably easier than I'm making it out to be but investing is important and I want to do it right. +First off, I appreciate the help in advance. Thank you. + +So, I'm working on expanding an Excel workbook I setup for number crunching growth and valuations. I want to add Owner Earnings into it. I need a little help double checking my math because I've turned myself around a little. + +I'm using: + +>**owner earnings** = reported earnings + depreciation, amortization +/- other non-cash charges – average annual maintenance capex +/- changes in working capital + +The reported earnings, D/A, and other non-cash charges I can pull right out of the financial statements. It's the other 2 numbers that I think I might be messing up somehow. + +>**Changes in working capital** = (Previous Current Assets – Previous Current Liabilities) +**–** (New Current Assets – New Current Liabilities) + +A negative number means Net Working Capital decreased. It is added to Cash. A positive number means Net Working Capital increases. It is subtracted from Cash. + +For the **Average annual maintenance capex** I'm trying to use Bruce Greenwald’s method. I can go simple and just use the full PPE number, but then my end number is way in the red. + +Micron Technology (MU) is the company I'm using as a test case and I'm using their 2020 10K for my numbers (in millions). + +Net Earnings = $2,710. + +Depreciation = $5,650. + +Non-cash changes = $328. +*(stock based compensation)* + +Present Current Assets = $17,965. + +Previous Current Assets = $16,503. + +Present Current Liabilities = $6,635. + +Previous Current Liabilities = $6,390. + +Total PPE = $31,031. + +Greenwald’s method = $7,557. +*(10K, page 40, estimates cap-ex of $9,000)*. + +Using the Greenwald's Method number, I come out with Owner Earnings of $2,347. + +Does that Owner Earnings number make sense with the given values? +I am looking for companies that are likely over-penalized for the short-term impact of Covid and haven't rebounded back much. Even if you assume earning back to pre-Covid level in 2-3 years, it still looks cheap from a valuation perspective. Any interesting candidates? +I am interested in valuating the tech stock companies but I don't really know what is the main point in the valuation. Can you guys give me an insight on how to valuating tech stock company? Thanks! +Looking at pg. 107 of my copy and it's covering his purchase of The Washington Post: + +&#x200B; + +"If we make one last assumption, that the Washington Post has the ability to raise real prices by 3 percent, the value of the company is closer to $350 million. Buffett also knew that the company's 10 percent pretax margins were below its 15 percent historical average margins, and he knew that Katherine Graham was determined that the Post would once again achieve these margins. If pretax margins improved to 15 percent, the present value of the company would increase by $135 million, bringing the intrinsic value to $485 million." + +&#x200B; + +This is where I'm lost. Where do you throw the 3% and 15% in? Do you just calculate gross margins and make what seems to be conservative assumptions about what the company can really do? How do you adjust for those growth assumptions and estimations? I'm trying to do this for a company I think is undervalued and I have zero clue if I'm doing it right. Do I just increase my calculated gross margins up and then try and make it work from there? +For some of my self-managed accounts, I use a simple five ETF allocation. Typically, this calls for 20-40% in an aggregate bond fund like AGG. But given the current monetary policy, and the coming period of normalization, such a fund is unlikely to have the expected negative correlation with stocks. + +Where are you putting your bond money? +I invested in a few stocks that I regret buying (prior to my understanding of fundamentals etc.), some are up and some are down. None of the stocks are value plays, and am not sure what to do with them. + How can we protect from the so called value-trap... at the end of the day i can get a fair value for a company with a super risky leverage by discounting a lot... but markets might get over scared and our stock price returns would be dead... +Instead of buying the S&P500 and sitting on it for 30 years, has anyone tested the returns of a portfolio with the top 10 holdings of each sector within the S&P500 and weighted % also same (similar) as in S&P500? +One of the hardest things to do as an investor is to accurately assess a company's ability to take advantage of an opportunity in the market. One of the best and most extreme examples of this is Pharma companies. A company can have a drug in the pipeline for decades and millions of dollars but make no progress no matter how much potential there is for money to be made there. + +But with less extreme examples it becomes more appealing to invest. Recently I have been doing a lot of research into the economic development of lower income and developing countries. Berkshire Hathaway are invested into StoneCo who are a fintech company in Brazil who provide financial solutions for small merchants and companies. But clearly there is significantly more risk here due to political instability. However I think it is a good example of the potential of a company taking advantage of a market/and or its growth outweighs the risks. + +How do you assess companies such as these who in many cases are not yet profitable but are growing at rates in excess of 50% a year. SoFi for example is a company I absolutely love from a leadership and management perspective and as a young person Neo Banks are far more appealing with better rates and perks. The addressable market there is huge and they own the Galileo platform which is used by many of their major competitors. But just because the opportunity is big does not make something investable. What makes these investments anything other than educated guesses in both trends and that these companies will lead the trend? +So I follow Aswath Damodaran's principles for building my WACC and DCF. He has an Equity Risk Premium built into his WACC which is based on where the country gets it's revenue from (i.e UK, U.S, Spain etc) or the operating country. + +This is good for taking into account risk in terms of revenues for a company. However Aswath does not seem to be taking into account risk in terms of supply chains. + +For example, in COVID it turned out that many companies were too reliant on China and when China shut own a lot of companies had to move operations and/or scale back temporarily which cost them $$. + +So, should we take into account the supply chain risk in our Equity Risk Premium calculation as part of our WACC? + +If yes, then how should we calculate it? And why does Aswath Damodaran not take it into account? +I normally calculate it as: (Net Income / short-term debt + long-term debt + equity). + +I know this is how Sven Carlin does it too. + +My question is, when calculating the ROIC should I also include things like Accrued Expenses and Accounts Payable and Unpaid Claims (for insurance companies) all as debt? It seems that typically only interest bearing debt gets included, but I don't understand that logic. + +I love the simplicity of (Net Income / short-term debt + long-term debt + equity), and I'd like to keep it that way if I can. I'm no accountant, but it seems like the above liabilities are similar to debt, so I'm not sure if it should be considered when calculating ROIC the way I'm doing it now. I'd rather keep it simple if I can, so long as it makes sense. +So bought this morning, not sure if I've done the right thing. I would have thought that the transaction would have included a price and a fee. Am I missing something? + +&#x200B; + +First time buyer, long time lurker. + +&#x200B; + +I said to my wife, I think we should buy a thousand bucks of GME and she's like ok. So now I know I'm going to get questions I can't answer +(throwaway to maintain privacy on my main account, happy to send verification to mods if somehow that’s an issue, but nothing below seems too wild for this sub) + +**Finances:** + +I (in my late 30s) live with a spouse and 2 (soon 3) kids in a HCOL area (not Silicon Valley or NYC). We bought our current house a little over a decade ago and it has been great. It is now probably worth 1.3M, with a current mortgage of 300k. + +I work for one of the FAANGs, am in a very stable situation (same team for over a decade), and currently (last few years) pull in around 750k-800k/year. This income is based substantially on equity that I’m given each year but each annual grant vests over 4 years. If the stock market were flat my comp would settle closer to 650k/year. We currently save 300k-350k/year. + +Ignoring 1M in unvested stock and 1M in house equity, our net worth is around 4.5M, of which about 3M is in brokerage accounts (the other 1.5M is in retirement accounts). Nearly all of it is invested in broad index ETFs. + +**Fatfire** + +We don’t have a very concrete fire plan, but handwavily have decided that \~200k after tax income would be dandy. This corresponds to 8M or so savings to retire, though again the plan isn’t exact. + +I anticipate \~1.5M (in today’s dollars) to send 3 kids to private high school and college. This is not factored into the 200k/year, though obviously we could tighten our belt if need be during those years. + +I like parts of my job, and I probably wouldn’t retire right now even if I could. I worry a lot though that while I have a pretty cushy gig now (rarely work nights/weekends, relatively low stress), I’m not sure I can assume such a nice situation 10 years from now if I want to still get paid this much. I am worried about being locked financially into having to work a miserable job to make high 6 figures. + +**Buying a house, what can we afford???** + +We want a bigger house (2800sqft+). The problem is we don’t really want to sacrifice on location. We don’t need to be in the fanciest area, but we greatly value walking access to public transit and restaurants. This is an EXPENSIVE proposition, and I’m having trouble reasoning about how much we can afford to spend and what the tradeoffs are. + +At a bare minimum, we’ll need to spend 2M it looks like and that seems unlikely. 3M will get us what we want, but that is just astonishingly expensive. The bank seems happy to give us a mortgage that large, so this entirely comes down to our own choices about how much NW to tie up in a house, how long I’m willing to know I have to work. If we buy a 3M house, then that probably means a 1.5M mortgage (20% down and then 900k proceeds from current house), or 8k-9k/month. + +I’ve played with spreadsheets a lot, forecasting different scenarios. A major challenge is how conservative to be. Obviously if I get paid 800k/year for the next decade, and the markets continue to rise strongly, then we are in great shape. I’m a bit loathe to assume that though. + +How have other people approached this problem? How have you thought about what amount of house is “too much”, despite being able to literally just write a check for it if you want? I know that a lot comes down the specifics of how long I want to work and how well the markets do, but I’m very curious about how other people have approached this kind of problem. + +Edit: why is this fatfire? Because it's something many of us may grapple with, it substantially affects fatfire planning, if I didn't want to fire Id just buy the house, and regular (non-fat) fire people would tell me I should have retired 5 years ago :-) +Has anyone found any great summer camp experiences for kids? I’m looking for any and all ideas that might be available to folks of this sub. Could be sport specific, adventure/wilderness based, educational, hobby specific, etc - just looking to broaden our horizons for our kids this summer who will be in the 8-13 range. +Through my business, I am often receiving cheques and money transfers above $30K and they take several days to clear (7 - 10 days for cheques, ~3 days for money transfers). + +For the business owners here, how fast do your cheque/money payments clear and what are my options if I'm considering switching banks. Not really happy with this joe blow service. + +I would prefer instant clearing if possible. +Hi folks I’ve always been intrigued about Fatfiring in Singapore and a recent post I learnt that there are folks fatfiring in SG lurking around in this sub. Would like to find out how much in Singapore dollars per year is required to live what’s considered an entry level fatfire lifestyle for two people. Thanks +Need a little advice, first time buyer. + +Found a 3 bed with my partner that ticks all our boxes. House up for £320k, offered £315k, accepted, over the moon. + +The house valuation (desktop valuation) has come back from nationwide at £285k. £30k under. Meaning we will have to increase our deposit to keep the same LTV or significantly increase our LTV by 10% which I want to avoid. + +The previous owners bought the house in 2017 for £275k. Compared to the valuation a £10k increase after 4 years seems absurd and is worrying. + +The house is in a sought after and affluent little village. + +I calculated typical inflation per annum in the area 2.9% add the garden office they put in. A fair price for the house I feel is £300k to £310k + +Has anyone body else had extremely low ball house valuation from banks? How have you played it when it comes to negotiations with the seller? + +I’m probably going to state my argument for a revised price of £295k: + +1. Logically, we can’t justify a price £30k over the valuation due to potential negative equity / poor ROI when we sell after 4-5 years + +2. An increase in LTV by 10% will significantly impact our quality of life month to month + +Thanks for any help. +In 1.5 weeks I’ll be officially debt free (minus my student loan of £16,000). I don’t have any savings and will be building it up over the course of this year. I’m projected to save ~£13,000 but I’ll need £16,000 to “survive” one year of hypothetical unemployment. That’s my emergency fund. + +In an ideal world where I would have continuous job security and my salary would remain or increase I’ve created a 5 year plan that would see me with £85,000+ in savings. I could use some of the money for a house deposit or whatever seems sensible at the age of 31. That’s the age I’ll be in 5 years. + +To the reason I created this post. I’ve been struggling mentally since working in the corporate world. I had an honest conversation with myself and I knew I couldn’t do it forever but I would give it all have over the next 5 years. This industry will allow me to save the most amount of money in the quickest amount of time. To save and get out. I don’t think £85,000 in savings would be enough but I wanted to have an honest conversation about what it takes to really say goodbye to your 9-5 job and be self employed. I am aware of the working hours and commitment involved in being self employed, I’ve never tried it but it may be better suited for me. I already work 10-12 hours a day. I am a self starter and need to feel more control of my life. To add value in a different way. My own way. + +So, what does it take? Has anyone successfully made the transition over? I plan to launch my business this year. See how the market responds to it. I’m not scared of failure. I’m scared of losing my mind in this bubble. + + +FYIs: +- F, no kids, single. No savings due to helping family members and my own misunderstanding of money management. I work in finance. + +Anything else ask me. +For example, if I make a $1000 principal payment on Feb 25th, does it effect my intrest to principal percentage on my march 1st payment or is it too close and it wont change my percentage until april 1st payment? +Im a 20 year old guy, back when covid happened i had already picked my college and everything was going fine, i was gonna graduate with a 3.8 gpa, but then covid happened and it threw everything off to the point i was having so many issues with my classes that i decided to drop everything and just work. Right now im a refinery operator making about $1100 a week while living with my parents. I have been thinking about trying going back to college, at least a community one so i dont have to spend a lot of money while getting my basics in. My question is, would it be financially possible to do so? I have a camaro ss and the monthly payments are of $700, i have my insurance paid for the next few months and that costed me $2k. But other than that i dont really have any big payments like rent, etc. I wanna have that college experience because the stress my job produces me is insane, and I barely interact with people around my age. +In Aug I did the $10k I-series @ 9.65%....Honestly,I'm not really sure what happens next. Does the 10482.50 continue to grow or do I re-buy at 10482.50 at whatever rate that'll be? Also, do I get to add another $10k? I want to keep on buying I-series and keep it growing for '23, adding as much as possible. + + + +Edit: updated for bad math... +I am receiving a $400k payment. What should I do to invest it? + +I am 58y female and would like input into what to do with these funds. + +I am divorced and have to be able to support myself in retirement. + +I have $200k in company pension and $100k in my company stock. +I have $60K in RSP and $10k in TFSA. +$100k in a $500k house and can pay it down by $70k a year. +I earn $210k a year but my tax rate is 53%. + +Should I leverage myself as my bank will lend me $600k for another mortgage. I could buy a $1m property. I have a career that the bank would lend to me right now but not when I am older. +should I invest into a portfolio and let that build for retirement income at 62y. +Should I pay down my first house which my son lives in or just let that tick along. I want my son to take over that mortgage. + +Thank you. +_-I made a separate post because automoderator removed my comment [from the original post](https://www.reddit.com/r/Superstonk/comments/nzhs3o/i_want_you_to_understand_this_they_absolutely_can/h1pmoks/) as it was too long but I do need to get this off my chest-_ + +I sometimes worry that when it comes down to it, $10k/ share seems like an insane amount of money for many apes (and it is!!) but we should truly realize.. + +Kenny is making $90'000 PER HOUR, $2mm PER DAY. His net worth $22.8bn. In 2020, Citadel EBITDA was $4.1bn, and this is just one fund. + +Our perspectives of what are "damaging prices" should REALLY be aligned with HFs perspectives. $10k won't hurt them. They will push up to $10k, drop it to $500 and make us believe that we won, laughing their assess off. + +Citadels positions are backed by the DTCC, which is backed by the FED and the FED has the reverse repo, and even the money printer if all else fails -- they could even just _print_ our tendies so HODL until they need to. + +As u/PiezRuz says it strikingly [in the original post](https://www.reddit.com/r/Superstonk/comments/nzhs3o/i_want_you_to_understand_this_they_absolutely_can/h1pmoks?utm_source=share&amp;amp;utm_medium=web2x&amp;amp;context=3): + +&amp;gt;Don't sell for a lot to you; Sell for a lot to them. Don't settle for poor prices just because we're conditioned our whole lives to live in in poverty compared to the wealthiest. + +**A few HFs getting margin called is nothing.** It won't mean anything significant to you, to the financial industry, and to society. We shouldn't be happy until they have to literally print money to pay apes and this failure of SEC oversight is congressionally addressed and actual, real reforms will be proposed and implemented. + +* Fuck it that market makers like Citadel and the DTCC are sharing the same board members. +* Fuck it that a job at the SEC is the golden ticket to a high paying job at a HF bc you know exactly how to bend the rules. +* Fuck the fact that it is legal for order flows to be paid for and abused by HFs. +* Fuck it that a small group of financial elitists determine which companies deserve to live or die. + +The mortgage crisis of 2008 changed nothing at all. On paper, it made short selling illegal (ha!). Banks were bailed out and the money went straight to higher-than-ever bonusses. The Madoff scheme (HF CEO on the board of NASDAQ) changed nothing at all. How many more cases of gross negligence by the SEC and other regulatory agencies have to follow? So let's make this one count. + +Be unforgiving, unapologetic, and show balls of steel. Diamond hands. + +**This is your moment. There will be nothing like it ever again.** + +For prolly all of us, this will be the *one* chance to make life-changing money. $10k is great, and perhaps life-changing for you in the short term. Just to be back scrambling a few months later. Life changing as in no mortgage, paid-for college for the kids, being able to truly give back to the community *not just by giving money but by being there, helping, bc you have time bc you dont have to go to fucking work*. And to make the markets a more leveled playing field going forward, if all goes really well. + +We will only initiate reform if we hit them at the only 2 places it hurts: **their wallets and ego's**. They will steal, bribe, defraud, take the world down with them if they have to just so they don't get beaten by "dumb money". If we give up before it all blows to pieces, nothing will change, just like before. + +Only when the price becomes "unimaginable" (dixit Thomas Peterffy, chairman of InteractiveBrokers, who called retail traders getting their fair share ["a bullshit concept"](https://www.youtube.com/watch?v=WQPquBVtwMM)), is where we start counting. Like Muhammed Ali, when asked how many crunches he could do and responded: "I don't know, I only count when it's starting to hurt". This is our best-ever chance. Let's not blow it. + +**TL;DR:** Fuck this financial system. Let's make them pay unimaginable prices and hope for real reform. + +*all this is not financial advice, idk what im saying, I can't distinguish a coconut from my behind* +They pay a fat dividend, so much so it seems almost too good to be true. (We all know how that goes) + +So what's the downside with these? The monthly dividends have seemed solid for ~3 years now and the price is relatively stable on both. It seems they push nearly every cent earned back into the hands of the stock holders so why isn't everyone jumping in with such a high ROI? + +Edit: My ultimate goal: Eventual FIRE around 20 years from now and have a six-figure income from dividends/ETF funds, if possible. I'll start putting $30k/yr into the market and will have a lump sum of $300k by summer from downsizing my house. + +I'm currently saving 12% of my salary ($85k) and it will bump to 16% next year with an additional 4% company match, totaling 8% match. (I put in 8% / company puts in 8%) +Don’t give me the ol “cold shower and 5 mile run”. I personally always look on Market Watch for major U.S. economic events happening for the day/week, then I go and look for most active tickets in pre market, then sort them accordingly. Usually I’m looking for something with significant news (not just an obscure analyst PT upgrade), and then I look for considerable relative volume on these tickers, afterwards I look at their float. Once I chart the pre market action on the 10min time frame, I like to zoom out and look where these levels line up on the daily time frames and see if there’s good alerts/ price target levels I should set. +Just read a bunch of very mean and heartless replies to a guy who had his bitcoin stolen. He didn't know much about security so people blamed the victim. + +There is lots of good advice given. But can we get better about delivering it in a way that is more constructive? Two factor, https, better passwords, offline wallets, are all good advice. As a community can we have a dialog about how best to package that advice? +[https://www.bloomberg.com/news/articles/2021-04-17/biden-pick-gary-gensler-is-sworn-in-as-sec-chairman?utm\_medium=social&cmpid%3D=socialflow-twitter-markets&utm\_campaign=socialflow-organic&utm\_source=twitter&utm\_content=markets](https://www.bloomberg.com/news/articles/2021-04-17/biden-pick-gary-gensler-is-sworn-in-as-sec-chairman?utm_medium=social&cmpid%3D=socialflow-twitter-markets&utm_campaign=socialflow-organic&utm_source=twitter&utm_content=markets) +In addition to lining up your finances to support you as you age, make sure you give some thought to how you'll protect your assets from predators. As you get older, the vultures get more aggressive, and your cognitive ability is going to suffer some inevitable decline, making it harder to deal with their tricks and frauds. You don't want to save for a lifetime, plan a safe withdrawal rate, etc., only to end up the last five or ten years in poverty because someone robbed you blind. + +I have an uncle and aunt without children who lost several hundred thousand dollars to a nice, attentive couple from their church before my father and his brother were on to them. My aunt was a high school principal, and my uncle was an army colonel, so these were smart people. Even if you do have family, tales abound of people being taken advantage of by unscrupulous relatives. + +In addition, there's a whole industry out there designed to drain the money from retirees with significant savings through shady, but court-approved means. Warning, this is a engrossing, but terrifying read. + + [https://www.newyorker.com/magazine/2017/10/09/how-the-elderly-lose-their-rights](https://www.newyorker.com/magazine/2017/10/09/how-the-elderly-lose-their-rights) +Hi, + +&#x200B; + +I'm a location independent freelancer (non-US, **from France**). I do all my work via my offshore company (**in Singapore**) where the corporate tax is pretty low (8%). I have USD 200k in that corporate bank account. I also have USD 50k in my personal account (non-invested, but would like to). I am currently **tax resident in Taiwan**, and will be for the next 2 years. My revenue is about USD 130k yearly , and I can invest 75% ($100k) of it yearly. + +&#x200B; + +**I'm looking for feedbacks to invest that money**. I have 3 options: + +&#x200B; + +* **1/** Use that company to make investments in some ETFs, via a corporate brokerage account. + * Corporate Tax on revenue : 8%. + * Corporate Tax on dividends invested in ETFs : 15% (via Ireland funds) + * Personal income Tax when i'll give myself dividends from my company : now \~5% (where I'm currently tax resident) +* **2/** Give myself dividends from my company, then invest that money in with my personal brokerage account. Tax will depends of where + * Corporate Tax on company: 8% + * Personal income Tax when i'll give myself dividends from my company : now \~5% + * Personal income Tax on dividends for the ETF invested : now \~5% +* **3/** Last option is to make things more simple and not use my company at all. The money will go directly to my personal bank account, where I'm currently tax resident, and I'll be a "freelancer". I can do this for the next 2 years, since I have a resident permit, but it will expire. After that, I will have to use my nationality where freelancing tax is about 50%, so will likely use my company again to ). + * Personal income Tax when i'll give myself dividends from my company : now \~5% (for the $200k) + * Personal income Tax on dividends for the ETF invested : now \~5% + * Tax on freelancing: now \~6% (when I'll move to an other country, it can vary from \~10 to 50%) + +&#x200B; + +I'm mainly leaning to use the company to do my long term investment to **FATfire**. My plan is keep the company at least 10 years from now (there is multiple reason for it, a big one is that I can use that company when to open a corporate branch to get a visa in the country I want to live in). Keeping that company also involve costs. If I do this, when I'll retire, I'll withdraw that money with issuing dividends and will have to pay tax on it, depending of where I live. + +&#x200B; + +I was wondering if anyone had experience, or had to make the choice between those choices? Any feedbacks or options I didn't think of welcome too! + +&#x200B; + +Edit: Added nationality (France) and current tax residency (Taiwan) + +Edit2: There is no [CFC rules in Taiwan (yet)](http://taxsummaries.pwc.com/ID/Taiwan-Corporate-Significant-developments) +Recently inherited a significant sum (mid 8s) that is going to change our life. I work in finance but the concept of a fatfire was not on the horizon until now. Through my professional circles I have interacted with dozens of PBA’s but nobody has ever floored me. Curious to hear everyone’s experience w advisors. + +1) how long have you worked w that individual + +2) how loyal are you to them vs the institution + +3) what’s your logic in using them vs family office + +4) what alpha (edit: relationship alpha not true capm alpha) are they truly delivering +Hi all, thanks again for the advice recently, just a little update - link to my OP below.. + +&#x200B; + +[https://www.reddit.com/r/UKPersonalFinance/comments/9pt1rq/30m\_large\_but\_not\_unmanageable\_debts/](https://www.reddit.com/r/UKPersonalFinance/comments/9pt1rq/30m_large_but_not_unmanageable_debts/) + +&#x200B; + +So...! + +I chopped the mad expensive Mazda in at a dealer, for cash. I had it for sale privately for a while but was getting no interest, it's a bit of a niche car.. so realistically I probably got a grand less than I might have done privately, but in any case, I walked away with £7500. + +&#x200B; + +Of that, £3550 went on a "new" car (a 10 year old) BMW 320D, which is £27 a month cheaper to tax, insurance is about the same but I will get almost three times the mileage out of a tank compared to the old car, so I'm quids in already. I estimate I might use one tank of diesel this month versus 3-4 tanks of premium unleaded required for the old car. not to mention the servicing periods are way longer, it needs no work doing (my old one was in need of some routine, preventative maintenance) + +&#x200B; + +I put 2k on the credit card which had the interest free period ending so I'm clear again on that for ages. (balance now about £5650 but interest free until april 2019 by which time that amount will be about 3k and i'll bounce on to a new deal. + +&#x200B; + +The "daily" credit card has been all but cut up, it now lives out of my wallet and i used another £1250 of my car money to clear this. + +&#x200B; + +The remainder of the car money was spent getting out of my overdraft of £500. i have also reduced the limit to £200 so i still have a buffer but will avoid using it if at all possible. + +&#x200B; + +I have cancelled (for now) my overpayments on the mortgage and also my extra pension payments - this has been redirected to the credit card. as soon as i can maintain a healthy balance in my current account, i'll start overpaying on my mortgage etc again. + + +I've also reigned in my spending on random shite, the odd greggs for lunch, too many expensive beers from the supermarket and saying no a little more to meals out. + +with all these small changes i am already feeling so much more positive about my situation, I'm confident that i will be able to stay in the black this month and going forwards (i'm also in line for a backdated pay rise and hopefully a bonus off the back of a bumper few months at work so fingers crossed but I'm not counting on it in any way) + +&#x200B; + +it's a long road but this is really just a message to say thanks for the responses and to anyone else in financial distress to reach out and be open with yourself about it, so that you can start to deal with it. + +&#x200B; + +&#x200B; +I am out of contract with BT and currently use Full Fibre 300 at ~£50/month. I called the cancellation number and they offered 300 at £40, 500 at £50 and 900 at £51. New customers can get 500 for £31. + +Have any of you been able to get the new customer deal recently which already a customer? I’m out of contract. + +Actually cancelling would not be ideal as I work from home and can’t have no internet. +Hi all, I have drafted a plan based on my current situation and I’m looking to hopefully buy a property early next year. + + +23 years old. £15k in savings currently (contributing to LISA). Single. £41k P/A salary. Living in south west. Decent 2 beds here are about £200k onwards. I’m a first time buyer. No debts/student loans. + + +So plan is to save £1k a month for rest of the year, which will leave me a with a total savings of £27k (including LISA bonus) by start of next year. By the sounds of it the maximum I can borrow for a mortgage is £175k-£200k (please correct me if I’m wrong). So that’ll mean I’ll just be able to afford houses at £200k if I put aside £3k-£4K for other house buying related costs (survey, broker, house moving, furniture etc). I’m tempted to go for a new build and use the equity loan from the government just so that I can afford a better place. + + +Do any of you foresee any shortcomings with this plan? Anything that I’m not accounting for? Also, am I right in saying the maximum I’ll be able to borrow is £200k? What do mortgage lenders look for when they give you a loan? + +Thank you all in advance! +[Tesla delivers 308k cars in Q4](https://ir.tesla.com/press-release/tesla-q4-2021-vehicle-production-deliveries). Giving a total of 936k cars in 2021. + +* 308,600 deliveries is a **+27.9%** quarter-over-quarter growth +* **+167%** annualized +* **+70.9%** YoY growth + +Lots of positive news ahead for Tesla this year. Two new factories coming along, Cybertruck production, Tesla bot prototype and advancements in FSD. + +What price do you see the stock reaching NYE 2022? +Contrary to occasional accusations, crypto discussion is not banned from UKPF. + +The rules are as follows: + +## NOT allowed: comments which violate rule 4, 'Responses must be high quality' + +Rule-breaking comments about crypto often: + +**1. Don't engage with OP's situation or goals at all +2. Don't provide any reasoning for their suggestions +3. Don't include any discussion of risk +4. Create a sense of frantic urgency to avoid missing out +5. Promise extremely high returns, or quote previous high returns as though it's inevitable they will continue** + +- + +As an example, in a recent post the OP asked: *'I've just won £20k. I plan to use £15k of it on various things. Is there any meaningful investment I can make with the remaining 5k to help me put a deposit in a house in a few years?'* + +It was actually a great post with a ton of thoughtful, engaged conversations. However here is a small (!!) sample of comments removed by the mods. + +* 'bitcoin' (x8) +* 'Buy some Bitcoin and sit tight' +* 'BTC, ETH, LINK' +* 'Throw it all on Crypto!' +* 'GME if you wanna be a billionaire' +* 'Buy BTC and retire in 10 years' +* 'Buy GameStop of cause 🚀🚀🚀' +* 'Amc invest all 20k the squeeze is coming' +* 'Cryptocurrency. Have a look into cardano, Ada' +* 'Put it in Bitcoin, and thank me this time next year 🚀' +* 'Buy Ethereum. Not financial advice' + +These are *not* high quality, helpful responses, and are not appropriate in this sub. If you post something along these lines we will remove it and ban you. + +#### Is the issue that the comments are too short? +While most offending comments do look like the short ones above, making a comment *longer* doesn't necessarily make it *high quality*. Examples of longer comments that still break the rules: + +* 'Give it to me, I know what to do with it! In all serious though, invest it, look into crypto, if you can do without that amount & let it sit for a few years then by some crypto and let the gains flow in' +* 'Trubadger with Reflection and air drops from every project launched this is not a rug pull project it is a seriously solid project that I believe will see exponential growth within a few years. I’d look at breaking it into 5 x $1000 investments and have a good look at Trubadger.io if your looking for an opportunity to make maximum dollars. Trubadger is about to launch Catabolt Swap and 3 more projects before Christmas. It captures my curiosity and I can’t describe my excitement of where this will go. DYOR.......I did and I’m invested!' + +(This last user was actually not a spambot, they're just doing a good impression of one for some reason). + +#### I only said they should look into it?! +Adding a disclaimer like 'not financial advice' or 'do your own research' does not make an otherwise rulebreaking comment okay. + +-- + +## What IS allowed: thoughtful, informed discussions and questions about crypto +Talk as much as you like about: managing tax, keeping records, those crypto debit cards, whether buying crypto works more like an investment or is purely speculative, what role crypto or meme stocks might play in a portfolio, what risks are involved in the crypto ecosystem, what WSB are up to now, etc etc. We love to see it! + +-- + +## The wibbly grey area: inaccurate, uninformed discussion and questions about crypto +We do *not* love to see it, but we don't tend to ban people for being wrong about something, whether it's about how stable 'stablecoins' are or about how ISA allowances work. + +If you see a comment about crypto or meme investing (or indeed any other topic) that seems sincere, effortful, and engaged, but *wrong*, we highly encourage you to take the time to reply to it to explain why, or at least downvote it. You are also welcome to report it. We'll review and may take mod action, especially if it is more towards the hype-y, YOLO FOMO end of the spectrum, or if it's a repeat problem with a user. +Source: https://www.edhec.edu/en/edhecvox/economie-finance/promises-and-perils-crowdlending + +--- + +* P2P platforms offer high-risk investments. +* If things go wrong - unlike with a bank, you can’t just ask for your money back. +* Stricter regulation is coming. +* Always do your research. +* Stay away from Funding Circle. +* If you are not certain, take financial advice. +* Happy Friday! +Hear me out - I'm on track to have a £1m pension pot, but my wife is likely to have around £100k in hers by the time we're 58 (she's a lower earner due to working part time etc). This would mean I'd likely pay higher rate tax on pension withdrawals and she'd barely breach her personal allowance. + +Would it be feasible to consider a 'divorce' in order to share my pension with her via a pension sharing order, and as a result make our retirement more tax efficient for both of us? + +Yes, this isn't a serious consideration, but has it been done before? Would it even be legal? + +My pension pot will be so much higher as I currently pay all salary over £50k into the pension to avoid higher rate tax currently - this will stop in 2 years max as my calculations show I'll likely hit the lifetime allowance with standard contributions after this point. +YouTube is launching a $10-a-month subscription option in the U.S. next week that will allow viewers to watch videos from across the site without interruption from advertisements. Why not just get AdBlock? Well, the service, called YouTube Red, will also provide original shows and movies, a subscription to the Google (GOOG, GOOGL) Play Music service and supports the newly-launched YouTube Gaming app. Is GOOGL coming to media market? +https://www.bankofengland.co.uk/news/2022/june/financial-policy-committee-confirms-withdrawal-of-mortgage-market-affordability-test + +Any thoughts how this will affect lending in real terms given the climate we are currently in? +As part of my parents divorce settlement over a decade ago, my mother was awarded all of my father’s retirement savings, about $400,000. This summer, she hit retirement age and was able to withdrawal all of it. + +She used $200,000 to purchase a townhouse, and the plan was to use the remaining money to supplement her disability income of about $1,500/mo. My brother and I sat down and ran the numbers and figured it would be just enough for her to get by comfortably. + +The big problem: online gambling recently became legal in our state and my mother has a ferocious gambling addiction. In the last 6 months, she’s lost $100,000 in online casinos. + +My question: Is there anything my brother and I can do to help her make the remaining $100,000 last a few years by making it illiquid to her? She knows she has a problem and feels terrible about it, and is willing to cooperate with us so we can make sure she’s taken care of. + +Out first thought was to have her purchase an annuity, so we can at least slow the bleeding. However, we’re pretty sure with a year she’d sell it off to JG Wentworth and put it all on red. Second thought was she could just transfer all of the money to one of us and let us take care of her bills, give her an allowance. However, a quick google search informed us that you can only gift an individual $16,000 per year without tax implications. + +I’d appreciate any advice or resources. Thank you! +We all know what happened to evergrande over the last few days - is anyone scared on the ripples to smallish cap stonks, especially the likes of LKE? + +This isn’t FUD before any of you start that, just curious for your thoughts! +September marks the end of the morons not getting in on insider trading. Many, many Australian companies will finally enter administration between now and mid 2021, but most will get a new type of handout and continue to fuck around. + +When a company is a part of an industry that is economically raped by a pandemic it means that they can’t make a profit any more, can trade way higher on a stock market and need memes to be made about it so that poor cunts with government payouts can buy into it. At this point, the central bank acts in the best interests of the people who created central banks to get some money from poor cunts to rich cunts. The bigger the company and the stronger their brand is, the more likely memes will be made. + +Amongst many others, so far this year, Hairy Scarfe, Semen Folly and Jeans Wet have entered and exited creditors anuses by lolling at their debts. The administrator axed large bricks of cocaine and then sold a profitable soul to another party to recoup some of what was owed to dumb shits who are still holding BBOZ; ie nothing. + +If there is nothing to salvage, the company may go to liquidation which is when it becomes extremely attractive to spastics who are able to send in 100 points of ID to an online broker. + +We will see many, many, many, many, many more. STA went into administration today - they’ll probably close a few stores that were losing money, shake rental obligations then change their ticker to STI because of how many creditors they have bent and sent. + +TLDR: administration means the government finally allowed capitalism to punish people who may not deserve to be punished but needed to so that money can be spent where a free market tells it to thus allowing us to move forward and adapt to a rapidly changing world. +Liquidation means you shouldn't have reheated and eaten your mum's boyfriend's homemade curry from last Sunday night. + +[context](https://www.reddit.com/r/AusFinance/comments/id4rew/you_are_about_to_see_a_lot_of_misleading/) +Not too sure what to flair this but put it as Hole in the Ground because of Mining. + +RSG, actual mid cap resources company put out recently that their mining lease has literally been stolen from them by the Government of Ghana. No reasons given, and honestly I doubt that they will ever see any compensation from the Ghanese. + +Sovereign Risk (Mining) is a topic that most don't understand, but in laymans terms is referring to the jurisdiction of an asset and the inherent risk that it has. Countries like Australia, USA and other "Western" first world countries are considered to be inherently less risky due to similar legal systems, and liberal governments that rarely interfere with private capital. + +However, many mining assets are found in far riskier jurisdictions such as Africa. The market often puts a higher premium onto assets that are located in safe jurisdictions, and the reasoning is due to sovereign risk. Not always does this kind of government shenanigans occur but it does happen, and the risk that it can is why the market always takes sovereign risk into account. + +So if you own a miner with an asset in Africa or other high risk jurisdictions and its a great asset, but then you look to a say Australian or Canadian peer with a similar or worse deposit and you wonder that asset is valued more than your African one? This is why. + +My 2 cents, if your co has a asset in Ghana I'd be looking into the developments of RSG with interest. + +https://preview.redd.it/5hhijn1e6yo61.png?width=957&format=png&auto=webp&s=5924504833aad84fd4126310874cd3d6c4fd3464 +Comrades! The Great ASX Friday battle has ended this day in our complete victory. + +I congratulate you upon your snags, my dear men and women compatriots! + +Glory to our heroic 🌈🐨 Red Army, which upheld the independence of our BBOZ holdings and won victory over the bull enemy! + +Glory to our great people, the 💎🙌 victorious! + +Eternal shame to the pussies who fell in the struggle against the enemy and gave up their dollaroos. +$ZM recently went from $1.60 ask to $80 per contract. For every 160 dollars, you got 8000 back; [or in short, 5246%](https://twitter.com/unusual_whales/status/1300834093425291265). + +Why? Recent earnings on Monday showed that the revenue quadrupled from last year, with the stock itself [surging nearly 400%](https://ca.finance.yahoo.com/news/zoom-stock-has-surged-nearly-400-is-it-time-to-buy-hold-or-run-away-161839582.html). + +Just today, it’s up 40%, with no sign of stopping and no idea when it’ll reverse. + +What are your thoughts on it? +Get a job! Seriously. Instead of looking for a quick buck, starting actually contributing to the space. + +Crypto market is hiring like crazy and it's one of the best paying industries. And the good part is, if you've been in this space for a while and understand the basics of cryptocurrency, it's mostly enough to get your foot in the door. + +Good crypto job sites: + +* [https://crypto.jobs/](https://crypto.jobs/) +* [https://pompcryptojobs.com/](https://pompcryptojobs.com/) +* [https://web3.career/](https://web3.career/) (for those with less experience) + +Crypto companies on a hiring spree: + +* [Crypto.com](https://crypto.com/careers) +* [Unstoppable Domains](https://grnh.se/ce6691704us) +* [BlockFi](https://boards.greenhouse.io/blockfi) +* [Kraken](https://jobs.lever.co/kraken) +* And many more than you can find [here](https://www.indeed.com/jobs?q=Cryptocurrency&start=10&vjk=b4d0027b7c025573). + +Pro tip: Be an active community member in the companies you want to be hired. 99% of companies hire from the community. Help others by answering their questions on Telegram and Discord, make content (memes, tutorials, tweets, ..) and you will get noticed. + +If you know a crypto project or a company that's looking for people, feel free to leave a comment. + +Good luck! +[**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/) +This is inspired both by seeing a recent post about starting a business, combined with having recently listed my own business for sale. + +I am an under 40 single guy with no children, writing this as I make my third attempt at getting out of being a small business owner. A piece of advice I had before buying a business was to have an exit strategy. That exit strategy was to have three consecutive good years, then sell. + +Prior to becoming self employed, I went to college for electrical engineering, gained some valuable employment but was annoyed at the lack of future income potential. + +**2006** + +I bought a single struggling location of a franchise from an existing owner for less than the cost of inventory. I was young and determined to put up solid year over year growth, sweat equity, and sell for a solid profit after three years of solid gains. Having never owned a business before I relied heavily on the tools and resources I was provided through the franchise network. 2006 and 2007 went exactly to plan, new ownership, enthusiasm, and following a franchise model led to great growth, then the 2008 crash came along and prevented me from even listing the business for sale. + +**2010** + +Things got back on track and were healthy enough that I finally started to learn a negative of owning a franchise as they wanted me to expand with a second location. At this point I was bringing in roughly $130k / year from a single store, and I was still highly motivated to succeed. I did what I could to continue what was working, and very slowly worked toward deciding on a new city, new shopping center, and new lease. + +**2012** + +My second location opened, and came out of the gate with the highest ever first year gross income for the franchise. Two stores proved to be easier to manage than I expected, and from 2012 to 2016 my income climbed to $300k / year. Many economies of scale helped to make this happen, vendor minimum orders went from slightly stressful to simple. Employee overtime was at a minimum with one person floating between stores, and I had a solid history in the industry to handle any odd situation. + +**2016** + +I opened a third location with high expectations, and an aggressive advertising budget. The first year performed slightly below average for the franchise network, but steadily climbed. I converted from an LLC to an S Corp to reap the full benefits of the tax cuts and jobs act, and by 2019 my income had climbed to $400k / year. I decided to try and sell the three stores. I worked with a business broker and found a qualified buyer. They were approved by the SBA, approved by the franchisor, the business appraisal came in enough to support the sale, and they went through the franchise provided training program successfully. While thinking about getting out of retail, the bank lending funds sent a letter stating that they could no longer provide the loan due to "a change in global market conditions." My ability to time the sale of a business is quite talented, first 2008 financial crisis, then COVID. + +**Today** + +Thankfully as COVID seems to be well understood, my 2019, 2020, and first quarter 2021 books all show consistent growth. I live in Arizona, my business was defined as essential, and thrived with products that consumers needed more than ever while working from home. Recently the three stores went up for sale with an owner's discretionary cash flow of over $580k. + +**So why did I buy a business?** + +I saw an opportunity, low purchase price, minimal risk, excellent upside potential, and what I thought was an easy exit strategy. + +**Pros of a franchise?** + +Training, support, national brand reputation, low barrier to entry for anyone with a down payment and willingness to learn. + +**Cons of a franchise?** + +Royalties, territories, competition, pressure to expand, long franchise contract, limitations on adding sources of income outside the franchise model, drama both between franchisees, and with the franchisor when any disputes occur. Priorities don't always line up, a franchisor earns royalties off of gross sales, while a franchisee is interested in maximizing net profit, these two are only indirectly related. + +**Pros of retail ownership?** + +Income potential, minimal barriers to entry, financial control + +**Cons of retail ownership?** + +It is retail, it's retail, retail hell is a common saying, and inventory holding costs eat into returns. Also I haven't sold yet, the buyer pool for retail franchises seems to be limited even if the price is enticing. + +I'm aware I didn't include a net worth. I never intended to sustain a high income for this long, and my highest annual spending is less than 1% of my net worth at this point. +I took an extra dose of addy today, and now cracked a bottle of wine. Feeling a little extra but holy shit do I love you all. We are making money like very few of us ever have. I up like 5k the last two days and it is blowing my mind. I was an executive chef. I have worked 100 hours in a week. I almost feel like I am taking back those hours I was never compensated for. It all trickles down right? Anyways, this community is the tightest and kindest I have ever experienced on Reddit and I have been on this site for over 10 years. (acct is only 9 years.) I have seen movements come and go, but holy tits this community is wholesome. It goes to show how effective income inequality is at fucking with our heads. We are all about to feel relief we could have never imagined. We are going to be able to take care of our loved ones, chase our dreams, and take a fucking deep breath for once. I know some folks are already there, but man financial stability is something foreign to me. My mom is almost 60 and is working 60 hours a week because my Dad has a chronic disease and had to go on disability at 50. We lost our house in 08. I just want to give my Mom a second to fucking relax. That is all at the end of the day. Lambo's or foodstamps, but it's actually Momma in that lambo or foodstamps for me. +Gonna try to keep this short and to the point. + +Institutions and large investors like to use synthetic positions for leverage and to avoid dealing in the underlying security directly. Consider the below example: + +>*" Take two traders, Oscar and Sally. They're both bearish on stock XYZ, which is trading at $98. Oscar initiates a synthetic short by buying to open a February 100 put for $4.70, while simultaneously selling to open a February 100 call for $2.25. Oscar's net debit is $2.25, or $245 (x 100 shares), for the bearish spread.* +> +>*The breakeven for the trade is $97.55, or the put strike minus the net debit. Oscar's trade will profit the deeper XYZ sinks below $97.55 by the February options expiration date. If XYZ were to head higher, Oscar's losses will increase with the stock's move north of $100, which would then put his sold call into the money.* +> +>*Comparing this to Sally, who simply sold the stock short, Oscar did not have to borrow XYZ shares. In addition, the margin requirement on the sold call was smaller than Sally's traditional short sale.* +> +>*Thus, the advantages of a synthetic short plays are: the sale of the call can partially or completely offset the cost of the put; you don't have to borrow shares from your broker; and the margin requirement on the short call is frequently smaller than the margin requirement for a traditional short sale. "* + +Source: [https://www.nasdaq.com/articles/alternative-options-strategy-short-sellers-2017-11-30](https://www.nasdaq.com/articles/alternative-options-strategy-short-sellers-2017-11-30) + +Similar options strategies exist for synthetic long positions as well, see: [https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/synthetic-long-asset/](https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/synthetic-long-asset/) + +Assuming the options used for said synthetic positions are not [thinly traded](https://www.investopedia.com/terms/t/thinly-traded.asp#:~:text=Thinly%20traded%20securities%20are%20those,when%20a%20transaction%20does%20occur) or [illiquid](https://www.investopedia.com/terms/i/illiquid_option.asp), these strategies can work quite well when a leveraged position is desired. If the options used for the synthetic positions are thinly traded, then it becomes difficult to get a "fair" value when one goes to close the positions via selling/buying back the relevant options from the market. Rolling an illiquid synthetic position also becomes more expensive for the same reasons. The only other option for a holder of a synthetic position would be to exercise their options (assuming they're profitable) - but this has the potentially undesired effect of purchasing shares of the underlying security directly from the market. + +&#x200B; + +So far so good? Cool - so what happens when a stock splits, say 4:1? Well, in any split a new options chain is created with new strikes corresponding to the revised valuation of the security and old options holders are [made whole.](https://www.investopedia.com/ask/answers/what-happens-to-options-when-stock-splits/#:~:text=Key%20Takeaways,called%20%22being%20made%20whole.%22&text=Similarly%2C%20a%20stock%20split%20will,market%20capitalization%20of%20a%20company) So, let's say you're holding 1 GME 65P (i.e. a put with a strike of $65, you're betting the price will go down) - well, after a 4:1 split you'd have 4 GME 16.25 Ps (i.e. four puts corresponding to a strike of $16.25). If we take the options chain of another security with strikes near those hypothetical values as an [example](https://finance.yahoo.com/quote/BBBY/options/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAANrq7GO3SeYzZoM24z7HGWTlLjg6APLLmHYDsoBSZXWCtT6wRPXhMtS5MIhezB_ngLWgA4Uw9AGESSROuVU7fri1pva74VqqIrs61XOQ5Wjqh-NL0v3L4U4EvLo4qJk8BfDtnKhQJY3FJAdeIBdSGD0l0i8vvBeY8H2LLpZB_9vR), we see that while 16Ps, 17Ps, 16Cs, and 17Cs exist, options with a strike of 16.25 do not. Non standard strikes that result from corporate actions such as splits and reverse-splits can sometimes (and often do) result in [adjusted options](https://www.merrilledge.com/investment-products/options/adjusted-options-contracts#:~:text=An%20adjusted%20option%20exists%20when,an%20option%20to%20become%20adjusted) and [non-standard options.](https://www.thebluecollarinvestor.com/non-standard-options-what-they-are-and-why-we-should-avoid-them/#:~:text=These%20are%20options%20that%20don,extraordinary%20dividend%20or%20stock%20split). Both of these can become very thinly traded and illiquid, and to quote the previous link: ***"The obvious rule is avoid all non-standard options. "*** + +Which brings us to the main point: + +**A split screws with the old options chain for a security and creates a new one. Many of these options were used for synthetic positions to avoid trading the stock directly. When the old options are adjusted for the new options chain, they may become thinly traded or illiquid as traders move to using the new options chain. When that happens, the best way to exit or roll that position may be to exercise the options rather than selling/buying-to-close in order to avoid taking a loss on the large spread of thinly traded options. This matters to you, the DRS'd holder of GME, because it drives volume and price action in the underlying security for \~2 years (i.e. furthest dated pre-split options) after a split. You can see the effect of this in TSLA's price action which continued to squeeze for 2 years after their split.** + +TL,DR: Synthetic short positions r fuk. +Hi, I realise that after the title some people might roll their eyes as they may not necessarily agree with what is in the book. But l really like the way he has structured the accounts and the simple guide he gives to set it up. I've been fortunate enough that I have managed to pay all debts before reading this book and the only debt I have is the mortgage. + +The book is great because I didn't find that he beat around the bush or discussed things in a way as if I'm suppose to already know. The one thing in the book I'm interested in is his view of shares over property, at least to start off with, and the one thing I get confused about is using your super to invest. I get that with the super you should have it under a balanced fund that does it automatically? + +What if you have saved enough in your savings to invest in shares? How do you begin to go about buying? Who do you see and how do you what to go for? Barefoot recommends your first investment to go to AFIC, what happens after? + +He also suggest that if you want to invest in property you should do it through shares, but how? + +I'm willing to learn but I have yet to find a good source with a good guide, the closest thing is barefoot and in terms of property I enjoyed 0 to 130 houses by Steve McKnight who gives you a good insight when getting into the property market. +I'm a uni student who makes around 20k per year. I usually put about 7k in stocks per year (since I live at home and my expenses are low) but my mates tell me the government matches what you put in your super if you make less than a certain amount. + +Is this still the case for me and what are the prerequisites for that to happen. Is it as simple as putting money in my super or do I have to apply for something? +I want to genuinely hear how fun today was for you apes that are balls deep with me in $GME. I needed a rush like today. I had a blast. I started on a high from pre market numbers. Hit some jazz cabbage watching the morning. LOST MY SHIT with that midday cliff. LOST EVEN MORE OF MY SHIT with that light speed bounce back that made this whole community looks like an autist brotherhood instead of a retard brotherhood for like 5 minutes. Polished off the jazz cabbage coasting through the afternoon with the absolute goldmine of content y’all were producing. I’m proud to be a member of this community and this revolution. Thank you for the journey. Diamond. Fucking. Hands. 💎🤝💎 +Background computing, first job management consulting, then risk IT at a top 5 european convertible arb hedge fund. Trading for myself for the last 4 years with no losing months +Background computing, first job management consulting, then risk IT at a top 5 european convertible arb hedge fund. Trading for myself for the last 4 years with no losing months +I love you all, so so much. It seems like our goal is among us, and soon to be a reality. I LOVE that each and every one of us are here, fighting the good fight, us against “them”. I love that you and me all see what we see in our beloved stock. It’s not normal, what we’re seeing is not normal. + +I see the signs that i presume you all see. Something is coming… it feels like a change is coming and we’re all here waiting for it because we know it’s coming. Other people call us crazy, but for some reason it’s so obvious to us? and they’re the stupid ones. This community and what we’ve accomplish will be remembered for my entire life and probably for future generations. This is big, so big yet the majority are oblivious. + +What exactly is it that we want? The truth? Transparency? Or is it revenge. Revenge for all they’ve put us and others like us through. None of us had done any bad compared to them. Those in control, they manipulate, steal, and punish. They only punish the weak and ignorant. But now we know more than they ever wished of us knowing. The corruption, the manipulation, the fake. Why is it that everything we were supposed to trust is fake and deceiving? + +I believe we are here for a reason. There is a common enemy amongst us and it is our duty to put them in their place. It’s our duty to move towards a real reality, where things are truly just and fair. Truth be told, anything is better than what we have. fuck it i want communism right now, or SOMETHING. I want GMERICA. I want MOASS. I want the truth in everyone’s mind. I want salvation. + +And i can’t have it until these fucks are in prison, broke, and suffering worse than any of us had. MOASS is here. + +Buckle the fuck up. + +I LOVE THE STOCK 🫡🚀🌎🚀🚀🌔🚀🚀🚀🪐 + +by the way it rains diamonds in Uranus. + +Edit: Typo + 🚀🚀🚀 +Since my last post got a ton of responses that were very helpful, I’m now asking for insight again.. + +If I were to download Robinhood, I could borrow at a 2.5% interest rate. Would it make sense to borrow say $10,000 and put $2,000 into Microsoft (not so much dividend but more growth), SCHD, JEPI, O and OKE? + +These are stocks that don’t move a ton and have a decent dividend yield while also being solid stocks to own. + +Tell me why this is dumb.. +A while back, I read an article talking about receiving dividends each month. To me, as I had just started investing, thought it made a lot of sense, especially if I was looking to have a supplement on a monthly basis. + +Though I believe this helps me diversify, now I'm wondering if I've added too many stocks and should pull back, invest in my big winners. + +For reference: + +**Months 1, 4, 7, 10:** + +FRT, IIPR, KO, MJ (ETF), NRZ, SPG + +**Months 2, 5, 8, 11:** + +AAPL, ABBV, BMY, EPD, T, VZ + +**Months 3, 6, 9, 12:** + +JNJ, MSFT, NEE, PFE, PII + +&#x200B; + +I also have O mixed in there as well. Looking at selling out of some non-dividend stock I have to get in to SCHD and SCHY. + +I'm happy to hear of any constructive criticism on this plan. This is all very new to me, but after inhaling a lot of posts in r/dividends it seems that most are looking to help and/or learn. I appreciate that from both sides. +I’ve been crunching some numbers and I feel like I’m off here. Basically I’m finding that if I sell a near the money call on $T every single week for a year, I’d do quite well. I’m basing it on current prices which are of course subject to change week by week, but $T has moved so slowly. So let’s say I own 1,000 shares of T. I bought them for $29.95 each (price as of today). So my account value is $29,950. I sell 10 call contracts at a $30 strike price (currently .43) for this week (4/23 expiration). So I make $430. For this example, I won’t re-invest but these numbers could get even better if I re-invest. Now let’s say the shares expire worthless just under $30 again by end of week. So I rinse and repeat. Another 10 call contracts, another $430. If the stock moves sideways and this process repeats weekly for a full year - that’s north of $22,000 in collected premiums. Add on top of that the dividend. Which, by the way, I would not sell covered calls contracts during the ex-dividend weeks so we’d need to subtract 4 weeks from the year — roughly $1600 in premiums based on the above examples. Anyhow — am I missing anything here? Of course it could shoot up or shoot down - but it’s been spectacularly boring and sideways moving. +Since my last post got a ton of responses that were very helpful, I’m now asking for insight again.. + +If I were to download Robinhood, I could borrow at a 2.5% interest rate. Would it make sense to borrow say $10,000 and put $2,000 into Microsoft (not so much dividend but more growth), SCHD, JEPI, O and OKE? + +These are stocks that don’t move a ton and have a decent dividend yield while also being solid stocks to own. + +Tell me why this is dumb.. +How do you actually buy to get dividends? +Is it enough to buy some company (that pays dividends) shares to start getting those or do you need to do something more? +Btw I'd like to try being a long term investor (I'm 19, i have the time), what are the best lower risk companies that pay dividends for a beginner like me? Thank you in advance guys. +Hi, all. I'm trying to estimate the amount I'll end up with over a period of time by putting $1,000 into $O every month and reinvesting the dividends. I tried working it out in Excel but I'm kinda number dumb and couldn't find a calculator online that accounts for reinvestment and monthly contributions. +A common question I see on this subreddit is "I want to invest in a stock that pays me every day/week" + +Here's a small list I compiled sorted by dividend payment date. + +^^Note: ^^Most ^^stocks ^^don't ^^pay ^^on ^^the ^^same ^^date ^^every ^^month ^^because ^^of ^^weekends ^^or ^^holiday ^^so ^^I ^^took ^^the ^^date ^^came ^^up ^^most ^^frequent + +Ticker | Payment date | +:--|:--: +BTT |1st +VGIT |5th +MUNI|6th +VCSH|6th +PFF|7th +WSR|13th +O|15th +STAG|15th +MAIN|15th +PBA|15th +SPYD|26th +ARR|27th +SBR|29th +CPTA|29th +GAIN |end of month +SPHD|end of month +LTC|end of month +SJR|end of month +GLAD|end of month +GOOD|end of month +LAND|end of month +Why are so many of the marijuana stocks, specifically Canadian, down so much over the past week? CGC, CRON, ACBFF, and TLRY have all fallen significantly. I figured with the legalization they would all rise, but since last Wednesday they have all lost quite a bit. I was wondering if anybody had any ideas as to why this might have happened. +**Tesla has just been added to the SP, is this the time to buy the stock? Moderna just announced a new vaccine, what does this mean for the stock market? Let’s talk about this and other stock market news** [BANNER](https://ibb.co/GMCv9B1) + +Hey everyone and Welcome, so let’s start with the recap of yesterday as we saw all 3 big indices in the green with a late push to end the day. The dow was the biggest gainer up 1,6% and also posted a new record close just shy of the 30k mark [CHART](https://ibb.co/NrF0HWc) ,while the broader SP500 trailed a little the whole day and finished up 1,17% [CHART](https://ibb.co/xhkQWnk) while even the tech heavy Nasdaq finished in the green after a slow start to the day on the Moderna vaccine news with a late push to end up 0,8% [CHART](https://ibb.co/tcGnChD). The VIX continued to decline to it lowest levels since august as it continues to slowly trend to it’s pre-shutdown levels [CHART](https://ibb.co/Wfy5Kg6). Almost all sectors [CHART](https://ibb.co/hLY6Fzx) were in the green yesterday as a repeat of last Monday happened with Energy, Industrials and Financials having a good boost from the Moderna news with over 3 quarters of the companies advancing and 141 of them making new highs [CHART](https://ibb.co/qMjmtwf), the average volume return to normal, as there was not such a big transition in portfolios like a week ago. The rally was mostly pushed by small cap and value plays as even the Russel 2000 made new highs after this news. [CHART](https://ibb.co/PQb0kJw) + +This is the HEAT map from yesterday and as you can see, most of the companies gained, except the ones from Health Care, where all of the money rushed to Moderna [CHART](https://ibb.co/3YkLfw8), but I believe this is a great misjudgment for investors, as there is not a lot of money to be made on this vaccine, and this is the only product they offer at the moment, so I don’t think it really deserves the 100$ price range in which it has traded yesterday. I don’t like this stock at all at this point, if you do want to play the vaccine news and profits you should look at other companies that will help distribute it like CVS, Walgreens, McKesson, Costco, Walmart and others. [HEAT MAP](https://ibb.co/ByMvyxs) + +Before the open today we will here from Walmart and Home depot which release earnings reports, this is also followed by economic reports like retail sales, business inventories and some other interesting events that are due later. [EVENTS](https://ibb.co/WfzJdMk) [BEFORE OPEN](https://ibb.co/WvKW8hn) + +So, let’s talk about what the vaccine news were yesterday as Moderna [NEWS](https://ibb.co/52fSmF4) announced a vaccine that has an even better efficiency than Pfizer’s at over 94% and also doesn’t require such extreme temperatures to be stored and transported, Pfizer required under -80 degrees Celsius while Moderna is stable up to 6 months at only -20 degrees Celsius or even at 2-8 degrees Celsius for up to 30days. So, there is expectation that both Moderna and Pfizer will file for the FDA emergency use authorization very soon. Both will require 2 shots for the vaccine to be effective almost a month apart. This will also be followed in the next few months with results from AstraZeneca and JNJ so the more vaccines that are available the faster the pandemic will end, but I wouldn’t rush out of the tech names that have brought the market here, they are here to stay even after this all ends. The world didn’t just run into tech companies because of the pandemic, the world was already going there but this was only accelerated by this, and I don’t see companies that don’t need to going back to the way it was, because this has brought better margin profits for many companies as there are fewer expenses with the work from home environment. + +So in my opinion The markets are likely going to keep it up, as I don’t see a crash or a pullback soon as there are a lot more positives then negatives for the stock market. The only negative is that the reopening is not happening yet, but that will come next year, while there are a lot of positives like better treatments, the Moderna and Pfizer vaccines and probably more to come, a probably divided congress which is good news for not many changes that affect the stock market [MARKET GAIN](https://ibb.co/yXB5Mpy), the ultra-low interest rates that are here to stay for a while as the Fed will keep the economy going and a probable stimulus that will come eventually. [LIQUIDITY](https://ibb.co/6wx3gBz) + +There are a lot of things that drives stocks higher like very good earnings [EARNINGS CHART](https://ibb.co/hXCwZGD) from most of the companies that I really think will continue to be very good and even get better in the next years as more money will be put into the economy by the fed and eventually by the consumers also the companies are starting to pay dividends again and there is a lot of money still on the sidelines that can come back in the stock market. [https://ibb.co/yXB5Mpy](https://ibb.co/yXB5Mpy) + +This year is the second time that ETF’s have had a more than 400 billion dollars of inflow and that will likely keep going up, as investors are leaving low rate bonds and taking on more risk with equities as the US total assets under management are up over 5 Trillion $. [INTEREST RATES](https://ibb.co/8KCWtqr) + +Meanwhile after the close yesterday, it was announced that Tesla will finally be included in the SP500 on the 21st of December this year. This is after the company has had a longer path of profitability with 5 straight quarters of profit even with the pandemic ranging on. This will probably lead to a higher demand for the stock as index funds will need to buy the stock. [CHART](https://ibb.co/9ZL7wJC) + +As you can see people have turned around opinions on the company as the short interest has plummeted from over 200 million shares to below 50 million shores in less than 2 years. That is a decrease of over 70% in just 12 months. [CHART](https://ibb.co/frL3ZGT) + +Tesla has become the largest ever company to be added to the SP500, and will likely replace one of the bottom companies from the oil industry in the index. The company will have a 1% weight in the SP as the committee estimates the funding for the trade will need over 50 billion dollars, one of the largest in the SP History. The stock traded as much as 525 intra-day before dropping to below 400 after they were not included in the SP500 last go around [CHART](https://ibb.co/m5NxHGB). Even more actively managed funds that try to beat the SP will be forced to decide if they buy Tesla shares or not, as the company may give them a downside risk due to its high potential of growth, such funds manage trillions of dollars that could also pour into the stock. + +And With factories ramping up like Shanghai which will produce 1million vehicles, Freemont as well, and with Austin and Berlin factories expected to produce at least 500k, they will likely be able to produce over 2 million cars in 2022 or 2023, which is a great increase from around 600thousand/year capacity at the moment. [FACTORIES](https://ibb.co/DWWXWQK) + +The stock has surged after hours more than 13% to around 460$ but I really like the company, and I believe the stock can go higher in the long term especially, I have a price target of just over 600$ for tesla, but we can see a re-test of the 500$ level very soon in the stock, with the EV push that is expected to come in the next years. [TESLA NEWS](https://ibb.co/yXGxzFb) [TESLA NEWS](https://ibb.co/Qdt07QR) + +One other big thing to follow today after the close is what NIO reports as the company has been targeted by short sellers recently and saw the stock drop from its highs over 50$ to barely 40$ in the span of a couple of days but has since recovered as a lot of people are very optimistic of the earnings report. The company is expected to lose around 17 cents per shares and have a revenue of over 600 million dollars, double the revenue that the company had a year ago. The stock has not beaten the estimates of earnings yet in the last 2 years, so this will be very good if the company finally manages to do that. [NIO](https://ibb.co/1R0bSXm) + +Also, after the close, COSTCO announced a special dividend for shareholders of 10$ as they continue to be one of the greatest companies to own, as management has constantly taken care of shareholders with great dividends and great growth for the company. [NEWS](https://ibb.co/hKbnFpQ) + +One other interesting news came from Nvidia which release a huge product, as the company release a new GPU with more than 80 gigabytes of memory, doubling the old model, this are huge performance numbers that are required in the new world of cloud computing. [NVIDIA NEWS](https://ibb.co/bX60cqv) + +Thank you everyone for reading! Be sure to leave a comment down below with your opinion on the stock market! + +Have a great day and see you next time! +Crypto.com reminds me of the Amazon, Facebook, or Google of the Crypto world. They are spending billions on advertising, they are clearly in it for the long haul, they have great name recognition. I have no doubt they will throw their entire bankroll behind big names to lead their different departments. + +They will buy up smaller start up technology and continue to put huge amounts of money into anything they do. They seem incredibly proactive and on top of things. + +Having said that, is there any reason that Crypto.com would thrive but the CRO coin would fail? Doesn't seem like they would let it wither away if they as a company are doing great, which they seem to be at the moment... +More often than not I noticed that I cannot help but to trade with emotion when I’m in a stock. I need to get out of that habit so I’ve decided going forward before doing anymore trades I want to set up a stop loss strategy to minimize risk and take the emotion out of the equation. With that being said, I don’t know what is an effective strategy. Is a stop loss at 1% appropriate or is it too low? Considering setting up specifically a trailing stop loss as well as I think that makes the most sense. Just wondering what strategies related to stop losses people on here that have day traded successfully use. +Some context for my mother's situation - after getting a degree in China, she immigrated to the US and was a housewife for about 18 years, during which she basically didn't work at all. Now, in the past seven years to now, she's tried to do stocks but just ended up losing a lot of money. She's recently divorced my father, and had a little over a few thousand dollars to worth with, but she keeps doing stocks and losing money so I'm not sure how long that will last. I've asked her how much she has left, but she refuses to tell me. I've incessantly tried to convince her to stop and find another job, but she's lost hope in her ability to find work in America given her situation, despite what I try to say. + +Are there any viable career options for a 50 year old woman who speaks somewhat broken English (she can hold a conversation fine, but she clearly lacks some vocabulary for more complex ideas) and doesn't have any recent job experience? She's recently gotten a life insurance license. She's also shown interest in becoming a pharmacy technician because I've recently become licensed. However, due to her language barrier, lack of job experience, and age, she's ultimately come to give up hope in these ideas. + +I'm seriously worried about her deteriorating mental state. She refuses to give up doing stocks because she thinks she has the ability to eventually make money through them, but won't listen to any other ideas because she genuinely believes any job requiring human interaction in the United States is impossible due to her situational barriers. + +Any ideas on potential jobs that could potentially coerce her out of her really worrying state of draining money and emotional health to stocks would be greatly appreciated. I'm a 19 year old college student, so I don't know much about job searching or career options, especially for someone in a situation like my mother's. + +EDIT: +I was not expecting so many people to be kind enough to give their feedback and support - I was expecting at most 20-30 comments, but this is overwhelming. I appreciate and have read every single comment and will continue to do so, thank you guys so much! + +Because some have asked questions - We live in California in a place with a decent Chinese population. Her degree is a Bachelor's in Biochemistry, although she says she doesn't remember anything because it has been so long. Her insurance license is in Property-Broker and Casualty broker, and Life, Accident, and Health. + +Also some clarification for the stocks because some people been talking about it - She tells me she has worked for some time at a Forex Futures company after passing a trading license test but is now an independent day-trader(Sorry if my jargon is poor, I don't know anything about stocks). This trading license also plays a part in why she's so afraid to step away from stocks despite losing money, she feels like it's a symbol of her potential. Although this post is kind of old now, if anyone here is knowledgeable about stocks, I would greatly appreciate informed input about whether or not and why this is or is not a sustainable source of income. +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! + +Hello, I'm writing about my experiences buying ethereum in Canada, essentially converting CAD to ETH. The goal is to help beginners that are interested in getting started but don't know where to actually buy ether. There's a lot of info out there but most of it seems to be centered around USD, which doesn't always translate for CAD and our banking system. I'm by no means an expert but I figured someone might find this information helpful. + +I've verified and used the following sites, so I'll be writing about them: + +* [Coinbase](https://www.coinbase.com/join/58eac855eef92f03684da504) | [non-referral](https://www.coinbase.com/) +* [QuadrigaCX (referral)](https://www.quadrigacx.com/?ref=7gdysklu2ozljbgb03fx1ljn) | [non-referral](https://www.quadrigacx.com/) +* [Kraken](https://www.kraken.com) +* [Coinsquare](https://coinsquare.io) - just added + +If you just want the gist of it, a super-quick summary of what I found: + +* Coinbase: great if you just want to try things out. Fast to get ether, fast to verify, high fees. +* QuadrigaCX: great if you're looking to get more seriously into cryptocurrency. Most deposit options, lower fees. +* Kraken: great if you have a ton of money you want to transfer into cryptocurrency or if you want to play around with trading. Low fees, slow CAD deposit because wire transfer. +* Coinsquare: only one that accepts Interac e-transfer that I'm aware of and the fees aren't bad. Great if you want to do a lower amounts of CAD. + +With every one of these sites, there's usually some form of verification. This involves taking a picture of some piece of government ID (usually passport or drivers license), as well as some sort of proof of address such as a utlity bill. Some sites require you to take a selfie with some of that documentation or holding a handwritten sign. It seemed sketchy to me at first, but every place does it. + +**[Coinbase](https://www.coinbase.com/join/58eac855eef92f03684da504)** + +This was the first place I tried. Their only payment methods I could find are Visa and MasterCard, of which they charge a 3.75% convenience. With reward cards you might get 1%-2% back, but this is a fairly high fee. The bright side is it's just about instantaneous. + +One thing I noticed is that their sell price is about ~$5 higher than a few exchanges. For example, as I write this, it's $119.23 on coinbase. On kraken it's 113.99 for a market order. + +There is a weekly $200 limit on the amount to buy. A 30 day countdown started after I spent $500 to increase the limit. I can't find what the new limit amount will be once that countdown reaches 0 though. + +So far, I've been with them for over a month and I've bought $600 worth of ether. The first time I bought it only took a minute to get sent to my private address. The second time it took ~40 minutes for it to actually get sent to my private ether address, but this was due to some issues they were having, probably just a fluke. I've bought two more times since then and both times it was instant. + +**To summarize** + +Pros: + +* Fast to verify, took a couple minutes, seemed to be completely automated +* Almost instantly sent funds via Visa/Mastercard +* Instantly got the ether I bought +* Probably the easiest to use + +Cons: + +* Generally $5 over Kraken prices +* High fees at 3.75%. Might be able to brought lower with a good rewards card +* Low $200 weekly limit + + +**[QuadrigaCX](https://www.quadrigacx.com/?ref=7gdysklu2ozljbgb03fx1ljn)** + +Hoping to get lower fees, this was the second place I tried. They accept a lot more payments with a variety of fees, I'll list them out: + +Funding Type | Daily Limits | Time Frame | Fee | Verification +---|---|---|---|---- +Direct Bank Transfer | Min $1000, Max $250,000 | 24 hours | 1% | required +Interac Online | Min $50, Max $2,000 | Instant (but may be held 24 hours by security) | 1.5% (min. $5) | required +Bank Wire | Min $500, Max $500,000 | Within 24 hours of receiving funds | Free | required +Bank Draft | Min $1000, Max $100,000 | 3-5 Business days | Free | not required +Money Order (Canada Post only as I write this) | Min $50, Max $9,000 | 1-2 Business days | Free | not required + +At the time of writing this, and for the past month (since I joined) their Interac e-Transfer has been listed as unavailable. + +**Direct Bank Transfer** seems like a good choice, but unfortunately they don't support my bank. Either I switch banks or find another funding option. If I did have a supported bank account (even though my bank is within the top 5 in Canada), it seems like this would be the best balance for the time to transfer and fee. + +**Interac Online** also seems like a good choice, except the higher fees. Unfortunately even though my bank card says +"Interac" on it, and the bank is listed as supported, I can't use it for Interac Online because the card is both a debit and visa card. + +**Bank Wire** ended up being what I used. I wanted to deposit a larger sum, so just paying my bank for the cost of the transfer +ended up being worthwhile (about 0.5% fee). The downside is I had to go in person to a branch to send a wire transfer and it's only really worthwhile for larger transfers. + +I sent the wire transfer a few days ago, and it seems like it will take 3-5 business days for it to complete. ~~I'll update this post if the money somehow just disappears.~~ Wire transfer came through today, no problems :) + +**Bank Draft** and **Money Order** could be reasonable options for large deposits. There's almost certainly an upfront +cost to a Bank Draft but it probably depends on your bank. For money order, I've never used it but it seems like you can estimate the fees with [http://www.moneygram.ca](http://www.moneygram.ca/), it's going to Vancouver, and the site estimates it at 5% - yikes that's pretty high. + +Once you do get CAD on QuadrigaCX, the fees to buy Ether are 0.5%. Combined with my wire transfer cost, I expect to only have paid a total of 1% in fees. + +**To summarize** + +Pros: + +* Fast to verify, I was able to verify the same day I made my account +* Lots of variety in funding choices +* Lower fees compared to coinbase +* High daily fund limits + +Cons: + +* Not as many deposit options if they don't support your bank (although you could always open a bank account somewhere else!) +* 0.5% per completed trade is a little high compared to other exchanges +* Some transfer options have higher fees than coinbase for low amounts +* Some transfer options can take up to 5 days + +**[Kraken](https://www.kraken.com)** + +The latest site I've tried, they have multiple tiers of verification. You can't deposit CAD until you reach tier 3 verification, which can take up to 48 hours. + +Tier 1 and tier 2 were verified within the hour but tier 3 was still not verified 3 days later. When I submitted a support ticket, they were very quick to respond the next day and told me I needed to submit a Confirmation ID. Their site listed the Confirmation ID for a few countries and some criteria but it didn't seem like Canada applied to any of the criteria. Regardless, I submitted the Confirmation ID and was verified with tier 3 that same day. + +The only way to deposit CAD with Kraken is through wire transfer and it seems like there's some unlisted fees based on what their banks charge them to receive a wire transfer (as well as any intermediary bank). I have not done this so I cannot tell what the costs would be. + +Once you do have CAD on their exchange, their fees are better than QuadrigaCX with a Maker/Taker rate at 0.16%/0.26%. + +I have sent ether to Kraken just for playing around with trading and I've had no problems. + +**To summarize** + +Pros: + +* Low trading fees +* Potentially lower CAD->ETH fee than QuadrigaCX, depending on if there are wire transfer hidden costs. Lower trading fee helps +* High fund limits + +Cons: + +* Only one way to deposit CAD and it's slow +* Unclear what the wire transfer costs are +* Little confusing verification process for tier3 + +**[Coinsquare](https://coinsquare.io)** + +Verified today and decided to try the Interac e-transfer. This is when I encountered a problem (at least on firefox), for funding the account, they have a javascript button to dismiss an overlay before you can do the e-transfer. The html element for the button is an href and has a 'blank="target"' property on it. When I press this button, it opens a blank new tab, and nothing changes on the page. Running the javascript function manually causes the alert to be removed and it works as expected. This is a little insane that I had to have knowledge of html to get access to it. + +Anyway the e-transfer itself worked perfectly, it funded my account, and I think it's my favourite way to transfer CAD into exchanges so far. Only a 1% fee and only takes a few minutes to be in my account. They also have wire transfer, money order, and bank order, but I think other exchanges have a much better interface. + +Buying Ethereum was a bit more confusing since (as far as I can tell) you can't trade CAD to ETH directly, you have to trade CAD for BTC first, and then trade that BTC for ETH. + +The interface for placing an order was confusing to me compared to Kraken or QuadrigaCX, but I figured it out. Although I was interested in seeing how many orders there were and for how much, but I wasn't able to find that. + +After I had an order placed (at a reasonable price), I refreshed and it still showed the order as opened, so I waited a few minutes and it still showed open. Finally I decided to cancel the order and try a different price. So I cancelled the order and somehow the order was complete, and I had BTC in my balance instead of CAD. + +Since I want ether, I tried again with trading the BTC for ETH, and the same thing happened. It looked like the order was still open but when I pressed cancel it seemed to complete the order. Maybe I'm just dense or I'm missing something, but when it's not clear that an order was complete, the interface sucks. + +I think buying BTC has a trade fee of 0.1%, and then trading for ETH has a trade fee of 0.2%. Overall total fees for e-transfer were 1.3%, which is great considering what other fees are and how fast it is in comparison. If you can get past the interface, e-transfer is the way to go. + +Pros: + +* Lowish trading fees +* Fast to fund with e-transfer +* Fund limits seem reasonable + +Cons: + +* Horrible interface. Until they fix their site, some stuff is broken (unless it works in other browsers?), or if you know how to edit html. + +**Alternatives** + +There are of course other sites to get ether, and there's always the option of getting bitcoin and exchanging it through an exchange like Kraken or Poloniex for ether. There are bitcoin ATMs scattered around as well, but I can't comment on any fees involved or how close they match exchange prices. + +Other sites I checked out: + +* Local Bitcoins - It looks like I'd have to find another user to trade with and prices seem far higher than the exchanges. +* Poloniex - Doesn't look like you can deposit CAD. +* Gemini - Don't see a way to deposit CAD. Also sent verification 2 days ago and have not been verified. +* Bitfinex - Can't wire transfer USD out at this moment and I don't see a way to deposit CAD. +* **Coinsquare** - moved to the above section + +Funnily enough, this whole experience has made me appreciate the flexibility cryptocurrency like ether has and served as a reminder to how slow and cumbersome transactions become once the banking system is involved. It seems crazy to me that one of the top 5 banks in the country can just choose to not support a direct bank transfer to QuadrigaCX (or QuadrigaCX doesn't support them? hmm..), and transferring money to them becomes that much more difficult. Maybe I just need a different bank :) + +EDIT: received wire transfer through QuadrigaCX, made account with coinsquare. +EDIT2: added coinsquare section +WE WANT THE UPDATE KING!!! + +[https://www.reddit.com/r/wallstreetbets/comments/d1g7x0/hey\_burry\_thanks\_a\_lot\_for\_jacking\_up\_my\_cost/](https://www.reddit.com/r/wallstreetbets/comments/d1g7x0/hey_burry_thanks_a_lot_for_jacking_up_my_cost/) + +Look at that first comment section. This man never doubted his vibe. + +**V A L U E I N V E S T I N G** + +We're all here dreaming of hitting the big one and quitting the rat race and he fucking did it. + +HE. FUCKING. DID. IT. + +&#x200B; + +edit: + +he posted it [https://www.reddit.com/r/wallstreetbets/comments/kwpviw/gme\_yolo\_update\_jan\_13\_2021/](https://www.reddit.com/r/wallstreetbets/comments/kwpviw/gme_yolo_update_jan_13_2021/) + +$5.7 million...deep fucking value indeed. + +&#x200B; +EDIT1: to some people saying "I'm a shill and this is FUD" - just try and get a wrinkle and think first. Smaller hedge funds covering will actually trigger the MOASS. They're fucked anyway, so it's in their (and our!) interest to start covering. As /u/seppukkake eloquently put it: + +>think of it more as a hedge fund human centipede, you'd really rather really be in front. + +&#x200B; + +\*\*\*Disclaimer: not a financial advisor, just an ape contemplating life, my future lambo and my wife's boyfriend while having a shower: + +If you're a small hedge fund that is (heavily) short on GME, circumstances to cut your losses and get out now are probably the best they'll ever be: + +* Price is as low as it's been since March 4-5th, courtesy of your fellow big brother HFs. Covering is thus relatively cheap. In the case of an announcement that GME will start paying its hodlers dividends, everyone will scramble to cover to prevent having to pay those dividends. **If you're short on a stock - the shorter (you) will have to pay the dividend.** With the large blocks of stocks the big bro HFs have, you won't be able to get rid as cheaply as you would now. This gets even bigger if they ever announce a GME crypto and decide to pay dividends in the form of that coin. **HFs cannot get their hands that crypto since it's being given out by Gamestop, they cannot pay dividends if they're short and thus they will scramble to cover**. Be smart and cover before your big bro takes back the Playstation 2 controller +* Announcement of a large chunk of debt being paid off by **cash on hand** nullifies one of the biggest reasons why everyone was so bearish on GME in the first place. Also, keep in mind that there's no reason to pay off debt now that's due in 2 years if you didn't want to give a signal to shareholders that it's going the right way. Seems highly likely to me that they both encourage stock holders and hopefully also reward them by paying out dividends soon. +* Announcement of RC going to head up the board and looking for an outside CEO should probably scare you. It's been speculated that RC is/was backed by Blackrock, so do you really want to face off vs. RC and **the biggest asset management company in the world (8.67 trillion in Jan 2021)???** More and more evidence is emerging that Blackrock is long on GME, that should probably tell you enough already. This is not even mentioning a possible **share recall** **from long whales** while all retail investors are also trying to recall their shares in time for the annual shareholder's meeting. +* Reddit smooth brains are **seeing the shady shit you're pulling with dark pools**. If crayon-munching primates can understand that's illegal and shady as fuck, you should be able to grasp that this is a situation you need to get out of ASAP before governing bodies like the SEC with our friend Gary Gensler as chairman are **going to bring down the hammer that's called Dodd-Frank Act 2.0**. +* This week and next week are full of potential catalysts. Without mentioning a date, I think we're about to see a huge uptick at least. **If you're short, cover it before that uptick. It's basic maths and I know you've been doing maths at school while we were eating crayons.** +* /u/DeepFuckingValue has some call options that expire soon, remember? [His poll on twitter](https://twitter.com/TheRoaringKitty/status/1381366520702468098) is due to close at the end of today, meaning he will probably exercise them today or tomorrow. Even if I think the result of the poll won't by any means influence his decision, if you're as bullish as he is you will exercise them to turn 10x profit into >10,000x profit. Seriously though, **you know he's going to put out another YOLO update either Thursday or Friday which is going to be the spark that ignites all the fuel retail has been buying and hodling.** + +I probably missed a lot of points but at this point my fingers were as wrinkled as /u/DFV's brain and my wife's boyfriend was calling me because he wanted to take a shower too + +**TLDR; hedgies fuk. Roket fueled. Catlysts everiwher. @ small hedgies: be smort and cover your shorts before big bro Kenny G is forced to and you are left with the bag** + +Thanks for coming to my TED talk +https://www.cnbc.com/2020/06/05/jobs-report-may-2020.html + +>Nonfarm payrolls in May were expected to decrease by 8.333 million while the unemployment rate was seen rising to 19.5%, according to economists surveyed by Dow Jones. +We all knew something like this was coming. You can't expect them to roll over and allow central banks to become obsolete. + +What are your thoughts on this tragic travesty and its implications for crypto? +I lost my job in 2018, nearly lost my house in 2019, completely stopped keeping track of my bills, getting the mail, taking care of myself, yeah bad. I got a job in early 2020 and thankfully kept it through COVID. That was first on the list. + +Last week I got a birthday gift from a generous aunt used it to fund a wedding belated wedding gift to some friends. And today I start the process to refi, the last item on the list. + +I have to promise someone so I promise all of you never to get this cluttered up again. Thanks everyone. Cheers! + +Job + +Straighten out mortgage/current + +Find new doc and go + +Find new dentist and go + +Pay back DLB + +then Claire + +then Mom + +Repair garage roof + +2017 fed taxes + +2017 state taxes + +2018 fed + +2018 state + +2019 fed + +2019 state + +Town fees and fines + +Pay speeding ticket and fines + +Pay parking tickets and fines + +(Below I stiffed some people and had to hunt them down to apologize and pay back): + +-Carpenter + +-Air bnb lady + +-Alfonso’s + +-Chimney guy + +Get tree work done + +Contact and settle card 1 + +Contact and settle card 2 + +A and A wedding gift + +A and K wedding gift + +Start refi +**TL;DR:** Ken and Co. are Captain Hook and the ticking is getting louder and louder. The debt established to escape their demise in January continues to show it's presence when volume gets too low. It seems challenging for the shorts to significantly withdraw buying pressure from the market (thereby reducing volume) while continuing to fight the laws of supply and demand. We are currently at the lowest volume ever compared to January highs that caused the first sneeze. Historically, they can only withdraw volume for so long before they need to add it back. And, when that happens... wooosaaaaa. + +[Ken.... Melvin?](https://preview.redd.it/n7turnx5zva71.png?width=679&format=png&auto=webp&s=0fafa6bd03432c845140ca2699734d46011eb447) + +# 0. Introduction and Rewind + +Two months ago I wrote about [The March to Zero Liquidity: Volume or Bust](https://www.reddit.com/r/Superstonk/comments/n3ehw0/the_march_to_zero_liquidity_volume_or_bust/). + +While you’re welcome to read up on the backstory, I’ll give you the sparknotes: + +* Low liquidity in the market on a security makes it thinly traded +* Thinly traded securities are susceptible to slippage, which is when the bid-ask spread widens and green or red crayon markings have lots of space between them. One share goes for $200 and the next for $203 +* That space creates a highly volatile environment, which is prime for a security to have substantial moves up or down. +* We’ve been here before – two times in the last six months + +For those in the back of the classroom, here are some **quick definitions:** + +* Bid-Ask Spread: the space between the lowest seller and highest buyer, which facilitates the market. +* Liquidity: the degree to which an asset can be quickly bought (bid) or sold (ask) in the market at a price reflecting its intrinsic value (spread). If there is a big gap between the bid and ask, $95-$105, it’s hard for a trade at or near the mean of $100 to happen. +* Volatility: how bigly a security can move around its mean value. +* Thinly Traded: a security that cannot be traded without significant change in price. +* Slippage: the difference between the expected price of a trade and the point at which the trade is executed. This can occur when a large order is executed and there is not enough volume to maintain the current price range within the big-ask spread. + +# 1. Purpose and Old Wounds Festering + +The purpose of this data|education post is to refresh some old DD I posted with new data to test it against upcoming price movement to see if we have a pattern. **The essential argument is that while GME was massively shorted prior to January, they took actions that substantially worsened the problem by massively shorting GME more in January and they must fix.** + +To illustrate, I’ll risk stupidly quoting myself from two months ago for your ease of reading only one post rather than referencing two. + +&#x200B; + +>In life, and certainly when it comes to the tale of naked shorting $GME, **sometimes one problem creates another.** That’s exactly what Citadel is experiencing **with** their well-documented **movement of buy orders to dark pools.** +> +>During this brief Ted Talk, I’ll venture to prove that **Citadel’s strategy of selling in the open market while buying in dark pools is marching GME toward Zero Liquidity**. Tick tock. Tick tock. The motive behind removing buying from the open market is to limit buying pressure and balance with selling to stabilize the price. O**ver time, this action has reduced liquidity with a trajectory of it being near zero.** + +Wow… for two months we’ve been talking routinely about egregious dark pool activity in our “free” market. And, for at least two months we’ve been debating T+X cycles, FINRA/SEC legalese, calendar vs settlement vs Juneteenth days, and TA. **Vomit**. + +My intention is not to settle how or when they must settle up. It’s simply to affirm our agreement that they are still massively short due to limited liquidity and demonstrate that their window is closing on their mission to avoid the laws of supply and demand which would require the price to increase based on our circumstances. + +# 2. Time is running out. Tick tock... tick tock... + +Surely Ken and Co. knows how close to the sun they are flying. + + +>**Ever since mid-January, volume moved on a decreasing slope.** I downloaded historical quotes ( [https://www.nasdaq.com/market-activity/stocks/gme/historical](https://www.nasdaq.com/market-activity/stocks/gme/historical)) to begin my research here. Sure, we’ve had spikes that likely are instances resulting from the well-documented FTD Cycle. However, **when charting a 5-day trailing average of volume by percentage of the mid-January squeeze, the number of shares traded** according to NASDAQ historical volume **is declining significantly.** + +So, I've updated the chart for your pent up viewing pleasure: + + + +[Volume as a percentage of Jan 13th volume. Pretty much at zero, yes?](https://preview.redd.it/wl66h4d6xva71.png?width=983&format=png&auto=webp&s=2c9ccc9eaf45075e8063004d26823745871143af) + +And.... **here's the data to go along for you beautiful Apes that have trust issues:** + +[Numbers + a #DIV\/0!](https://preview.redd.it/5j7f9sn1xva71.png?width=661&format=png&auto=webp&s=7d5bbe527944a46a5d1a71d1afb552813e8fd60c) + +# 3. Onward to Neverland. + +1) **GME is trading below 2% of the January volume highs.** Even if we assumed they shorted less shares than the Ape who did a trick with his banana since that day, there’s not nearly enough volume to close their positions. + +2) **GME is most certainly a thinly traded stock**. While January was absurdly high volume comparative the float, GME is still trading well below a reasonable number of shares in the open market. More fuckery continues than the last time we checked in on volume two months ago making the stock we like highly susceptible to slippage. + +3) **The 5-day trailing average volume compared to Jan 13 has never been as low as it is today.** Essentially, they are flying incredibly close to the sun for an extended period of time. The last times it’s held a low percentage consecutively was likely May 5-11, which resulted in two 12%+ share price days within a week. + +Given this is Data| Education, I wont say much more to limit speculation. Just know that GME is standing on a saber's edge. Let's just let the tock tick. + +&#x200B; + +https://preview.redd.it/dlasok5ezva71.png?width=590&format=png&auto=webp&s=8d64d6b532b2980221cf3dc8e82495b1847e0663 +I've owned/ managed a beach house for about 10 years that does weekly summer tenants (~$50k gross). I was thinking of selling my current house and living there in the off season and travelling (sailboat, RV, etc.) in the Summer. While I rent it out I'll still have a house but the tenants will pay for most of my yearly expenses. Does anyone have any experience with this type of arrangement? I'm very familiar with the pitfalls of vacation rental management- I'm more interested in perspective of people who live a similar lifestyle. +Warren Buffett is famous for betting on things that he knows for sure that will make money. I guess he is a safe and steady type of guy rather than a big risk-taker. He has been criticized for losing on huge opportunities but whatever he is one of the most successful investors in history. + +Look at the market right now, so many fucking shitcoins. + +**If you invested in a project that:** + +a) cannot soundly explain why it needs a coin, then drop that shit. + +b) cannot soundly explain why it needs blockchain technology for their project, then drop that shit. + +With these two criterion in mind, you'll notice that there are FEW coins that are worth investing in. + +**From here, you want to:** + +a) look at their team + +b) branding + +c) the size of the industry + +d) etc. + +and then invest. + +I cannot stress this enough. So many of these shitcoins are overvalued, and it WILL crash and you WILL LOSE money, it will be very hard to beat the whales. Less than 1,000 whales control half of the crypto market. + +Be smart and be aware. +So my parents have not been very responsible lately. They're both unemployed, went on a cross country motorcycle road trip, have no savings, and know I learned that my mother is spending a week in Hawaii. + +They now have over 40k in credit card debt. They've asked me for money multiple time (I'm in college and barely have enough to get by as it is) and now all of the credit cards we share are over drawn. + +I have my own cards that I'm incredibly good with, and these cards we share are killing my credit score. I've asked multiple times to have them remove me from them, but they keep trying to get me to pay them off instead (The total is more than I even have in savings). + +Sorry for the rantyness and /r/relationships type post. I'm just really frustrated. + +Is there a way I can contact the credit card companies and get them to remove me from these cards? + + + +EDIT: Thanks for all the replies! + +Some more info: + +Company is capital one + +I am only an authorized user + +I tried calling, but they said only primary card holder can remove authorized users. + + +Final Edit: + +I left work early and went to capital one. They removed me with no problems. Thanks again everyone! <3 <3 <3 +Posted by the same guy who made the shill list yesterday: zachxbt on Twitter + +# Youtuber List + +This list doesn't include our beloved Bitboy. But his cost has been posted before. + +Out of this list, the only one I have heard is Altcoin Daily with 1.23M subs. + +I never watched any of their video, but shitty youtube algorithm keeps showing it in my Home. Never clicked it though. + +https://preview.redd.it/hxmctsh3cpu81.png?width=1283&format=png&auto=webp&s=d4b7534e1f146f9ee7e3cba1f1def49403d9328b + +# Instagram List + +What can go wrong by following financial advice from an app where people posted selfie in a room where you poop? + +https://preview.redd.it/dohwudq6cpu81.png?width=1283&format=png&auto=webp&s=3540423bf73e046e1dce0bb93a0372b0b9769844 + +# Tiktok List + +If you follow financial advice from Tiktok, I... don't know what to say. + +https://preview.redd.it/hhwhka58cpu81.png?width=1284&format=png&auto=webp&s=b5919722c892b0efd1c3133ef3f99c5b882be944 + +# Conclusion + +Just don't follow these kind of people. Always take everything said in social media with a scoop of salt. +When I started trading years ago, there were no detailed guides that showed you how to use level II. I'm talking about setups you can profit from over and over on the smallest timeframe possible. + +So after a year of profitable scalping, I've put most of my learnings into a single video. Honestly, I was going to put this content into a paid course but decided there's a void in the YouTube world that needed to be filled. + +I think many of you will find this useful. If you have questions, feel free to leave them below and I'll try to answer each one. + +[https://youtu.be/jYv1WDRCPb8](https://youtu.be/jYv1WDRCPb8) +Nothing has changed, just speculators having fun. Protocol is sound. Exchanges are sound. New Taproot update coming soon. We are in middle of a Bullrun. And you are affraid BTC goes to 0 ? :D Guys. Listen. Imagine all Exchanges at once collapsing because of their CEOs are fraud and stole 70% of holders bitcoins. Then all of them FUDing thats because of flaw in Bitcoin protocol itself which was exploited. Now imagine the headlines in news. If you can, then you can have a glimpse of 2013 crash. And finally. Imagine the mentality of Hodlers who hodled through this. We are still here. We are not selling I am telling ya :) We are the last defense....as always. We would die on this hill. Its not about money. Bitcoin is freedom. HODL! +This drives me nuts. It happens a couple times a month. We have a customer order our product (I run a monthly food subscription for men). We ship on time with a UPS tracking number. Always AFTER the product has been delivered, the customer calls their bank and says the charge was fraudulent or they never received the product. We issue our case showing the order information, IP addresses, tracking numbers proving delivery, and still we always lose the claim! + +The most annoying ones are people who order 3 month subscriptions and wait until we have sent all three crates to call their bank and issue a chargeback - so shady! This comes right out of my pocket as a small business owner and I am powerless to do anything about it. + +*Except* promote payment methods that protect me as a seller. That's why I just upped our bitcoin discount on Coinbase to 10%. + +/rant + +Edit: It was pointed out to me that I didn't include the business. *Facepalm*. http://mantry.com/bitcoin-bacon/ +You may have heard comments from Michael Burry, Charlie Munger and others fearing that speculation would lead to a market crash in 2021. I wanted to check if the market is in a bubble. + +Below, I plot the Dow Jones and S&P 500 indices on a log scale, with the line estimating the long-run trend since 1970. (Modeling exponential curves on the log scale makes it easy to visualize trends, no trickery here.) + +[DJIA against long run trend](https://preview.redd.it/xallqopd4bk61.jpg?width=606&format=pjpg&auto=webp&s=c64c01c0ab38f63f55638f492fd09070f7e9d1bb) + +&#x200B; + +[S&P 500 against long run trend](https://preview.redd.it/pch2a87j4bk61.jpg?width=606&format=pjpg&auto=webp&s=ca5cf93e30158c0f596a73226e26630424d5dd41) + +What stands out is that the market is... about right where it should be. According to this simple model, the DJIA is in fact 1,000 points too low. + +More accurate would be to exclude recent years when fitting the long-run trend, and then forecast. I won't show this here because nobody will read. But doing it suggests that the markets are undervalued. + +TLDR; I'm not convinced the market is in a bubble. But this doesn't mean a crash won't happen. + +In fact, I would like to hear arguments on both sides, because I care about the issue. So please share your thoughts. +Bitcoin is a store of value.Bitcoin doubles every year.Onchain analyses.TA, trading, moonboys.These are just a bunch of bullshit. + +Bitcoin is the only way to protest we have nowadays.If Bitcoin fails, there is really 0 hope for the future of the human kind. + +Bitcoin is my last hope for a fair world. + + + +EDIT: forgot "am" +Sharing because I think it’s important for others in a similar position to remember why they got in to crypto, specifically ETH. I’m not a financial advisor of any sort - make your own decisions after doing your own research. + +I’m a long term stock investor (mainly index funds), and recently this year started researching crypto. After a ton of research, I landed on ETH and decided that I wanted my initial large investment to be primarily ETH with a plan to diversify to several other cryptos as I buy more every month, but will always put the majority back in ETH. + +I started cost averaging in about 20k from $3,200 - $4,100 (ouch). Fast forward a couple weeks, and we all know what’s been going on. What did I do? I bought 10k more from $2800-$2000 and brought my average down. No hesitation at all despite being down 50% of my initial investment. + +I say all of this because if you are doubting your investments - don’t. Remember why you bought into the ETH: the project, the upgrades, the utility (smart contracts, NFTs), etc. Someone once told me it’s easy to stay motivated/ resilient when things are going well, but it’s the people that stay consistent when things are tough that truly set themselves apart. + +This post might be redundant as I have seen very similar ones, but I hope this helps some of you to get some mental reprieve as we stabilize in the crypto market. + +TL;DR: bought 20k in ETH right before the drop, didn’t freak out because I bought ETH for a reason, and that reason hasn’t changed. + +Edit: typo +Hey there, I'm an accountant and purchased my first Ether, on a whim, a few days ago. Today I had some down time at the office, and grabbed a copy of the Journal of Accountancy to do some "Professional Reading." I was fortunate to find an edition with a brief discussion of Blockchain and I've spent a fair amount of the day reading about it. As a financial professional, I have to say that the incredible potential of this technology is really exciting. I'll be very interested to see how this affects my work going forward, I intend to stay ahead of the curve as the accounting profession begins to take notice. +We all want to buy low, sell high, have the fear of missing out, and want to enjoy a linear path to the top. I also thought the Byzantium release would rocket ETH beyond $400 and I’m still scratching my head over that one. + +The good news for me is I have perspective this time around. I screwed this up big time during the dot com boom. I recall owning AMZN at $30. It seemed high at the time and it wasn’t moving. I had too much invested in it, because I believed in them, but I wasn’t doing ‘well enough’. AMZN wasn’t making money yet and was a questionable investment with many other flashier, more profitable options. So, I sold and got burned...badly. + +I’m not preaching by any means, or predicting the future here, but my thinking is although this is painful and has been for awhile now, I will follow my gut and try not to get distracted causing me to make a bad decision. Have patience, shut down Blockfolio and enjoy the day. It’s almost always when things look their worst, they tend to turn around... +Or is it better to use it as a retirement vehicle only? + +Edit: age and health seem to have a large bearing here. As a note, both myself and my spouse are under 25 with 2 children and one on the way. 401k, HSAs, and Roth IRA will be maxed. No taxable accounts. <$1k in medical expenses coming up, does that come from savings or HSA? +Other than the obvious decrease in income? I'm wondering if there are any long term implications? My situation is that over the past couple of years I have felt too unwell to do my supermarket job and was lucky to get a WFH job in summer 2021. My health has got worse to the point that I struggle to even work from home and then manage to do chores etc. I've come to the point where I feel too tired to do anything on the weekend and need to rest. I basically have no life. The GP hasn't found anything substantially wrong with me and I have no diagnosis. + +I live in the family home (parents died) with my sibling. There's no mortgage to pay. Other than the bills for that and the one car we share, I have no other expenses. Over the pandemic, my sibling's mental health has gotten so bad that my own mental health has really suffered and I'm struggling to cope with them. I feel that if I go part time (pretty sure my work will be ok with that) things would get better for me as I can't cope with things the way they are and something needs to change now. I don't qualify for any benefits and my salary is £19k (temporary contract until at least April but work have said they're going to offer me a permanent contract). I've been able to save just over £6k last year and I also have an emergency fund. + +I have been reluctant to sell up, split the house cost and move because as it stands, I didn't think that I would be able to afford to buy a place outright that was in a decent place (I can no longer afford to live in the town that I am in). However, living in this situation has been too difficult and I've realised we need to sell and move away, even if it means I have to move hours away to a more affordable place. My sibling is in a much better financial position as they earn £40k in a permanent job. + +The thought of clearing the house and moving while working FT fills me with complete dread as I know I won't cope with that. I feel like the way I live my life now with my lack of other expenses, I could afford to go part time but I don't know whether this is a stupid decision that will hinder me in the long-term. I don't have any other family or financially-literate friends so I hope you don't mind me asking for advice. +[https://imgur.com/gallery/02RCkrj](https://imgur.com/gallery/02RCkrj) + +Congrats to Mr. CTN + +Edit: Link: [https://www.bloomberg.com/news/articles/2019-11-05/robinhood-has-a-glitch-that-gives-traders-infinite-leverage](https://www.bloomberg.com/news/articles/2019-11-05/robinhood-has-a-glitch-that-gives-traders-infinite-leverage) +DO NOT walk around with your 6 or 7 figures wallet on your phone. For the love of God buy a hardware wallet, or other form of cold storage. + +Reason for the 2 burner wallets: +If anyone out in the world knows or even thinks you may have Bitcoin or crypto on your person, they'll know what it's potentially worth. They hold you up, they know what they're doing, and demand passphrases. You give them one that is an obvious burner, with low amounts. They get wise and ask for your whole balance. Enter fake wallet number 2. You get off easy. Hell, make a 3rd one. But 2 should suffice. + +*edit: grammar +I am trying to make the Swedish voice heard. + +\-AVANZA is denying our right to vote claiming "**you don't directly own your stocks**". therefore I'm trying to make sure the *Swedish Media* know about this. + +**PLEASE I ENCOURAGE YOU TO HELP US OUT BY RETWEETING AND COMMENTING ON** [**THIS TWEET URGENTLY**](https://twitter.com/haniofan/status/1393207103704141829?s=20) **WE ARE 22 THOUSANDS SWEDISH APES THAT OWNS APPROXIMATELY 2 MILLION SHARES AND NEED OUR VOICE TO GET LOUD.** + +&#x200B; + +Edit: typos +I am new with cryptos i invested some of my savings on ethereum when its price was 376$ but now its going down day by day i duno whats real reason so far looks ico but how long icos ll continue if its keep going like this whats ether future.. is my investment safe? I hold ether or sale so far lose i am losing 18000$ kinda stress.. +Worst frigging customer service I have ever experienced (and I used to be a sprint customer). + +They have had plenty of opportunity to hire more people, their automated AI bot bullshit is worthless, their 72 hour turnaround time is insane for a financial services company, their automated ID verification system is a total piece of garbage, and honestly, if I could avoid ever paying them another cent I would drop them like a bad meth habit. + +Does anybody have a good suggestion for a US citizen with a valid US Passport who wants to pull large amounts of fiat out of a large, well known US bank into Cryptocurrency??? + +Coinbase BLOWS + +Kraken is Busted + +Bitmex doesnt like Americans + +Bittrex is sketchy + +Bitfinex is Sketchy + +And no, I am not going to pay $8000/ea for Bitcoin on LocalBitcoins + +Seriously, IT SHOULD NOT BE THIS HARD +Everyone is so focused on the jump from BCH in all of these threads that nobody seems to be talking about the $200+ jump in price by Dash. + +What's the reason for this? Dash had a similar jump back over the summer but has been steadily declining since. It's also suffered from not being as anonymous as a coin such as Monero, which was supposed to be one of its key features. + +Dash is a crypto staple, but what's causing this massive price increase only topped by BCH? Do people see it continuing to rise or falling again? +Weibo post of BTCChina http://e.weibo.com/2149945883/AnQADcE6L + +A screenshot of the post above: https://www.dropbox.com/s/89hvd1pkuseyrqy/Screenshot%202013-12-17%2021.09.48.png + +BTCC's weibo post, as a picture: http://ww2.sinaimg.cn/bmiddle/8025921bjw1ebnqz91khzj20c307k75e.jpg + +. + +Translation by /u/truvativ: (First translation, Many Thanks!) + +Translated using my phone: Dear bitcoins China (BTC China) user due to reasons known Bitcoin China (BTC China) had to temporarily stop yuan recharge feature, recharge bitcoin, bitcoins to cash and RMB continued focus on our home page, we will provide as soon as possible Other ways to recharge. Inconvenience to you, we express deep regret at this Bitcoin China (BTC China) 2013. 12. 18 + +. + +Translation by /u/iiiiuuuu: (Accurate!) + +"Due to well known reason, BTC China have to temporarily stop RMB deposit function. BTC deposite, withdraw and RMB withdraw function are unaffected. BTC China will continue operation. Please pay attention to our homepage, we will provide other ways to deposit soon in the future. We are sorry for the inconvenience. " + +. + +Here is a screenshot provided by a BTCChina user, of their website notice: http://i.imgur.com/Jck8yuv.jpg + +according to /u/matuszed: + +If you log into btcchina too you get this on the accounts page +Dear BTC China valued customer: Due to new government regulations, BTC China will temporarily suspend CNY deposits. BTC deposits/withdrawals and CNY withdrawals are not affected, and will continue to operate in the interim. Rest assure that BTC China will continue to operate normally. Please pay attention to our notices for updates, as we find other ways to allow for CNY deposits. We deeply apologize for any inconvenience. BTC China, December 18, 2013 +This might seem like a basic question but I feel like I'm doing something wrong? I don't regard myself as a big spender by any means (live in cheap rented accommodation, don't run a car etc) but I struggle to save enough each month and generally be responsible without going insane with boredom. + +Basically if I'm not eating or sleeping I can't stand to be in the house, it drives me up the wall, especially at weekends. So I'm constantly out and about- and that costs money. Whether it's social events or just visiting a different city/area to explore, it all adds up. I do have some free/cheap hobbies like running and hiking but eventually I get bored of all the routes in my local area and have to travel further afield, which again costs money. Travel in general is a pretty big weakness for me actually- routine kills me so I have to constantly be seeing new places. I take a lot of weekend breaks and day trips which can end up being expensive. + +Just wondering is there anyone else out there like me and do you have any good suggestions for staying sane but cutting back the spending? I feel like I may as well give up now if I have to spend the rest of my life stuck indoors staring at a screen, but at the same time my current habits can't go on. Cheers +[Throwaway Account] + +My wife and I are in our mid 30s and have young children. We have achieved a net worth in the low 8 digits with good annual cash flow. We are planning to travel 4 - 6 months of the year internationally, in chunks of 1-2 months per location. + +My question is for other fatFIREs who have young kids are are on the move quite frequently. We won’t be in a single location for long enough to really meet friends with other young kids, so for those in similar situations, what do you do about socialization for your kids? And for that matter, what do you do about avoiding being lonely yourself? +I'll try to keep this shortish, but can add clarifications if necessary. + +I make $14/hr doing basic computer work (data entry, teaching people how to use iTunes/Microsoft applications, RAM swapping, you get the idea), which comes out to $1450/month after taxes, social security, etc. After coming up short for the past few months on rent I started budgeting using Mint, and I made some key changes to my lifestyle, cutting out entertainment and saving me about $60/month. I have a minor physical disability that requires medication, so by far my biggest expense is health insurance and health related expenses. + +I don't get benefits, vacation days, sick days, or anything like that. I've been with my current company for the past 2.5 years and I haven't seen my family or any of my old friends in that time period because I haven't been able to take a vacation. The management is horrible and I dread going to work every day. I work almost every day and haven't done anything remotely fun since college, save having a few drinks at home with my girlfriend sometimes. I'm a pretty big extrovert so it always feels weird to see my friends from school all out at nightclubs and going to the beach (I'd love to be at either of those places) while I'm stuck working 8-10 hours a day and being too exhausted to do anything social when I get home. + +I have a BA in a field related to art and technology. It's not a useless degree because it helped me get my job and I think it's been helpful in checking the box for getting me interviews in the past, but it's not a 'catapult you into instant riches' kind of degree. I don't have any student or credit card debt. I do have a small emergency fund (was really helpful when my alternator died a month ago!) and I've been able to maintain it, but I've been unable to save anything on top of it. I also have a 401k with about $2k in it. + +My girlfriend says I should take literally any job, from warehouse work to overnight bakery jobs to dishwashing, that provides better pay or benefits than what I make now, regardless of what field it's in or whether it leads to any kind of career. There's a dishwashing job at a local museum that offers full benefits, 100% health coverage and a month of vacation, same with a grocery stocking position that just opened up near where we live. I partially feel like I'd be a laughingstock if I graduated from a good college and got a dishwashing or stocking job, even if the benefits are better. + +I've been looking into Ramit Sethi's Earn1k course, which looks like it could be a good idea. I've also been looking into construction and labor jobs because it looks like they're everywhere (and I'd be building the skills necessary to own and fix up a home), but I've always been a pretty effeminate guy so I'd be afraid of it being like high school all over again. + +And that's basically it. I never really get any time off, and I feel like I'm just endlessly working just to exist. How do people live like this? Is everyone just used to spending 9+ hours a day doing something they hate so they can look forward to not starving? + +**Edit:** This really blew up. I got called into work a few hours ago, I didn't just make this post to abandon it. I will read each and every one of your replies. + +**Edit2: (5:15PM)** Still reading through everything, responding to some, will continue responding over the course of the next several hours. To the confusion on how $14/hr comes out to $1450, it's my take home pay after taxes, SS, and 4% 401k. +I put a large sticky note on the inside door representing each shelf. Then I list everything on the shelf, including expiry dates. Helps me so much with grocery shopping! + +I make my grocery list, then check the lists. Cross out anything I have and off I go. + +The reverse is true, strapped for cash. Look at the lists, what can I make with what I have or with minimal additions? + +I hope this small tip helps someone. + + +If elected, presidential candidate Donald Trump plans to make Apple start "building their damn computers and things in this country instead of other countries." + +http://www.businessinsider.com/donald-trump-ill-make-apple-build-in-the-us-2016-1 + +Bad news? +Salutations, APEs and APETTES. Reddit was DDOS'd all day and I took it as a sign. + +I aggregated the last 24 hours (as of 5pm central) of posts on Reddit from Apes who made ComputerShare purchases today and shared screenshots of it. + +# $35,255.07! + +&#x200B; + +|Value|u/|Post| +|:-|:-|:-| +|$1000|me0505|[https://reddit.com/r/Superstonk/comments/psu0i9/my\_turn/](https://reddit.com/r/Superstonk/comments/psu0i9/my_turn/)| +|$69.69|Soapdropper|[https://reddit.com/r/Superstonk/comments/psunva/sir\_they\_are\_buying\_just\_to\_farm\_karma/](https://reddit.com/r/Superstonk/comments/psunva/sir_they_are_buying_just_to_farm_karma/)| +|$1200|MedSpeed\_SomeDrag|[https://reddit.com/r/Superstonk/comments/psv4pf/is\_this\_how\_its\_done/](https://reddit.com/r/Superstonk/comments/psv4pf/is_this_how_its_done/)| +|$3250|CreatorsCreator|[https://reddit.com/r/Superstonk/comments/psvqww/i\_think\_im\_helping\_transferred\_50\_from\_fidelity/](https://reddit.com/r/Superstonk/comments/psvqww/i_think_im_helping_transferred_50_from_fidelity/)| +|$200|bubbastock|<redacted>| +|$1420.69|ChicoMoe44|[https://reddit.com/r/Superstonk/comments/psy16q/took\_5\_minutes\_to\_make\_first\_purchase\_from/](https://reddit.com/r/Superstonk/comments/psy16q/took_5_minutes_to_make_first_purchase_from/)| +|$2500|ThrowRA\_scentsitive|<redacted>| +|$1900|BicyclePositive2479|<redacted>| +|$6969.69|WindyMcBowels|<redacted>| +|$1100|WahidJH|[https://reddit.com/r/Superstonk/comments/ptajgo/computershare\_order\_filled\_today\_at\_19265\_wonder/](https://reddit.com/r/Superstonk/comments/ptajgo/computershare_order_filled_today_at_19265_wonder/)| +|$1020|bluestar4u|[https://reddit.com/r/Superstonk/comments/ptbjwo/buyhold/](https://reddit.com/r/Superstonk/comments/ptbjwo/buyhold/)| +|$7000|Vicew|[https://reddit.com/r/Superstonk/comments/ptbm1g/do\_i\_get\_karma\_now/](https://reddit.com/r/Superstonk/comments/ptbm1g/do_i_get_karma_now/)| +|$2100|dr\_beretta|[https://reddit.com/r/Superstonk/comments/ptbrjx/infinity\_pool\_account\_created\_adding\_to\_my\_xxxx/](https://reddit.com/r/Superstonk/comments/ptbrjx/infinity_pool_account_created_adding_to_my_xxxx/)| +|$4000|Pizza\_love\_triangle|[https://reddit.com/r/Superstonk/comments/ptcbwz/you\_sonofabitches\_im\_in\_to\_infinity\_and\_beyond/](https://reddit.com/r/Superstonk/comments/ptcbwz/you_sonofabitches_im_in_to_infinity_and_beyond/)| +|$225|StockBoston|[https://reddit.com/r/Superstonk/comments/ptdh0k/fuck\_it\_you\_retards\_convinced\_me\_i\_dont\_wanna/](https://reddit.com/r/Superstonk/comments/ptdh0k/fuck_it_you_retards_convinced_me_i_dont_wanna/)| +|$500|CocoBerryIsBestBerry|https://www.reddit.com/r/Superstonk/comments/ptctdj/order_placed_last_thursday_filled_today_and/| +|$400|limepr0123|https://www.reddit.com/r/Superstonk/comments/ptazcq/low_xx_holder_so_i_did_a_thing_today/| + +&#x200B; + +There was a post for $15k that the user then deleted, and then deleted their reddit account, so I'm not including it here. + +&#x200B; + +Previous posts: + +$508,342.55 [https://www.reddit.com/r/Superstonk/comments/psy6mp/you\_crazy\_apes\_puchased\_how\_much\_the\_last\_24/](https://www.reddit.com/r/Superstonk/comments/psy6mp/you_crazy_apes_puchased_how_much_the_last_24/) + +$296,728.38 [https://www.reddit.com/r/Superstonk/comments/ps7em3/you\_crazy\_apes\_bought\_how\_much\_the\_last\_24\_hours/](https://www.reddit.com/r/Superstonk/comments/ps7em3/you_crazy_apes_bought_how_much_the_last_24_hours/) + +$46,524.59 [https://www.reddit.com/r/Superstonk/comments/prim29/i\_compiled\_the\_last\_24\_hours\_of\_computershare/](https://www.reddit.com/r/Superstonk/comments/prim29/i_compiled_the_last_24_hours_of_computershare/) + +$57,648.23 [https://www.reddit.com/r/Superstonk/comments/pqzfd8/i\_compiled\_the\_last\_24\_hours\_of\_cs\_posts\_for/](https://www.reddit.com/r/Superstonk/comments/pqzfd8/i_compiled_the_last_24_hours_of_cs_posts_for/) + +$50,692.50 [https://www.reddit.com/r/Superstonk/comments/pqdwt3/i\_compiled\_the\_last\_24\_hours\_of\_cs\_posts\_for/](https://www.reddit.com/r/Superstonk/comments/pqdwt3/i_compiled_the_last_24_hours_of_cs_posts_for/) + +$81,465.57 [https://www.reddit.com/r/Superstonk/comments/pppkaq/i\_compiled\_the\_last\_24\_hours\_of\_cs\_posts\_for/](https://www.reddit.com/r/Superstonk/comments/pppkaq/i_compiled_the_last_24_hours_of_cs_posts_for/) + +$59,289.98 [https://www.reddit.com/r/Superstonk/comments/pp5g5o/i\_compiled\_the\_last\_12\_hours\_of\_cs\_posts\_for/](https://www.reddit.com/r/Superstonk/comments/pp5g5o/i_compiled_the_last_12_hours_of_cs_posts_for/) + +DISCLAIMER: + +I am NOT encouraging anyone to post their purchases publicly. I personally have not posted mine, b/c people I know also know who I am on reddit. + +BUY HOLD DRS + +We are the catalyst. + +EDIT: A few posts are missing. Guessing when Reddit was getting DDOS'd, my code doesn't handle API timeouts very well. + +I'll update later this evening when I get a moment. + +EDIT: done +# What is NEO / GAS? + +Neo is a smart contract network, similar to Ethereum or Binance Smart chain. + +# What makes NEO and GAS unique? + +**Two token model** + +Unlike other smart chains, Neo has a unique concept where the main token NEO, is actually not a coin (although it can be transferred), and it is not used to pay Gas. Instead, GAS is used as a coin, and NEO is used to vote and to generate GAS.NEO can be seen as a dividend-paying share with voting rights.GAS can be seen as an alternative to ETH or BNB. It's the native coin of the network, and used to pay GAS/fees + +**Passive and sustainable income** + +NEO will passively generate GAS. Some GAS is newly minted (a diminishing curve until the max of 100 million GAS is reached) and other GAS is the GAS that is used for fees. With holding NEO you're basically a miner, without having to actually mine. It's completely passive income that does not inflate the price of the coin. + +**Voting** + +NEO holders can vote for committee members and validator nodes, so NEO holders can ensure the network governance stays decentralized and managed by people they trust. + +**Efficient consensus algorithm** + +NEO uses a consensus algorithm that is by design a little bit less decentralized. Now this may sound bad at first, but let me explain why this is actually a good thing. + +Centralized - decentralized is not a binary choice, rather it is a scale. Instead of being 100% centralized or 100% decentralized, you can pick a value somewhere in between. NEO picked a value a little bit closer to the centralized side, but it is still decentralized. Now why does this matter? + +It matters because of the blockchain trilemma. You may know of the very common trilemma of "choose two: cheap, fast, good", blockchain have a similar trilemma, "choose two: decentralized, scalable, secure". Now NEO choose to slide a bit more to the side of centralization (while still being decentralized) to allow a bit more room in the scalability side, without making concessions to security. + +It's important to note that NEO still has all the benefits of being decentralized, but it's also important to consider what level of decentralization you personally are happy with. Is NEO decentralized enough? that's something only you can decide. + +How efficient is NEO? NEO can in practice reach 1000 tx/s on layer 1 easily, that's not even considering layer 2 solutions. Compare this to Ethereums 15tx/s on layer 1. + +# What are the competitors? + +Ethereum is the main competitor. It's currently facing scaling issues due to its high popularity. ETH 2.0 should help with this issue, but NEO is a great alternative in the meantime, and it has other advantages even after the launch of ETH 2.0 + +Another competitor is BNB or Binance smart chain. It's very similar to ethereum, which makes it a popular choice to port solidity apps to BSC. However, since it is so similar to ethereum it will face exactly the same scaling issues. + +Other smart contract platforms exist, such as TRON, Cardano, etc. but most of them don't have a working smart contract yet or don't see much use. + +# What advantages does NEO / GAS have over the competitors? + +Most of them have been mentioned above in what makes NEO/GAS unique. + +**Developers can use mainstream programming languages to develop on NEO** + +Neo allows developers to use common programming languages like javascript, python, java, kotlin, C#, F# and others, while ethereum requires solidity. This makes the barrier to entry for developers a lot lower. + +**Build in oracles and build in filesystem** + +Oracle services (similar to chainlink) and filesystems (like SIA) are built-in to NEO. + +**Scalable gas fees** + +The network can react to GAS prices by lowering the GAS fee on a protocol level. This means all contracts will require less GAS to use, which makes the fees affordable even when GAS prices rise. + +**Capped supply** + +NEO and GAS have their supply capped at 100 Million. NEO currently has around 70 Million circulating supply, while gas has 10 Million circulating supply. + +# What are some common worries? + +**China** + +NEO is a coin that was made in china. This worries some people. However, it can also be a benefit. China is a huge market, with lots of money, and Chinese people tend to support Chinese companies. This gives it a very strong home base. And since NEO is decentralized, just because it was invented in China doesn't mean that China can control it. If the NEO holders vote for committee members outside of China, there is nothing China can do to harm NEO in any way. + +**Centralization** + +While NEO scores lower on the degree of decentralization, it is still very much decentralized, and it has a governance model where NEO holders can vote and thereby participate in governance (indirectly by voting in or out committee members and validator nodes). + +**NEO becoming unaffordable** + +Since NEO is not divisible, people fear it may be out of reach for many people. However many exchanges still allow you to buy fractional NEO (even though you can't send them to your wallet, nor use them to vote, but the exchanges do usually pay you the GAS). Also, if you can't afford NEO, you can always buy GAS. Buying GAS is similar to buying ETH or BNB. + +**It's not listed on some exchanges** + +Binance is the biggest exchange that lists it (but not in the USA). This may be because exchanges aren't interested in NEO, but it's probably for another reason. + +Exchanges probably are not legally allowed to sell NEO because NEO is like a security. Also since NEO generates GAS, many users expect the Exchanges to give them the GAS they generate (most exchanges that DO trade NEO also give you the GAS you generate). + +This is also an opportunity because if in the future more exchanges list NEO, this will really explode the price. Don't count on this to happen though, as NEO isn't like most other coins. Also make sure you're legally allowed to hold securities, or accept the risk if you aren't allowed. + +Personally I think it's your money and you should be able to do with it what you want, but take care of yourself ok? + +GAS may be more likely to be listed at more exchanges because GAS is definitely not a security. + +# What can make NEO / GAS explode in value? + +Both NEO and GAS are hard-capped at 100 Million tokens each. NEO currently has a supply of about 70 million, while gas has a supply of about 10 million. + +NEO 3.0 is about to launch, which will bring some improvements to the protocol. + +The NEO network is several orders of magnitude below its competitors despite actually have a working product that scales well. (literally 100 times cheaper than EOS and 4700 times cheaper than Ethereum) + +If NEO can even get 5% of the users that Ethereum CURRENTLY has, GAS would increase in price by 235 times! The risk-reward ratio is massively skewed. If NEO would reach their Tx/s limit just like ethereum, gas would increase in value by a staggering 313,000 times. A potential upside of 313 THOUSAND times, that's insane value. And that's not even considering scaling in the future. That's just assuming at some point NEO would reach the limits of what it CURRENTLY supports. + +As long as NEO gets even a fraction of the users that Ethereum has, which is not so hard to believe since NEO is one of the few competitors to Ethereum that ACTUALLY have a functioning product RIGHT NOW, and Ethereum right now has fees in the double or triple digits, the price of GAS and NEO will absolutely skyrocket. + +# NEO/GAS, which one should I buy? + +***NOTE: NEO is not divisible, while most exchanges allow you to buy fractional NEO, you can NOT send a fractional NEO to your wallet, and you WONT be able to vote with a fractional NEO, although some exchanges do give you your share of GAS for fractional NEO. GAS is divisible.*** + +Buy NEO when either of the below is true: + +* You believe in the Neo network and believe it will be more popular +* You intent to personally use the Neo network a lot in the future, and want to have a passive source of GAS to pay fees with +* You want to speculate on the price of NEO + +Buy GAS when: + +* You actually intent to use the neo network right now, but aren't sure you want to continue using it a lot in the future. +* You can't afford a full NEO (note NEO isn't divisible, but GAS is) +* You want to deploy a smart contract on NEO (note, you might be able to save on GAS costs by using MCT) +* You want to speculate on the price of GAS +* You are worried NEO being counted as a security and therefore prefer holding GAS if you're not legally allowed to hold securities. + +Market caps of competitors: + +|Name|Market cap (in billions)| +|:-|:-| +|GAS (native NEO fee token)|$0.047| +|Ethereum|$221| +|BNB (Binance Smart Chain)|$40| +|Polkadot|$29.5| +|Cardano|$28.8| +|EOS|$4.9| +|TRON|$4.3| + + +edit: some clarifications +Thought I'd share in case anyone was in the same boat as me. Essentially I started out deep in the hole, and have created a path to FIRE as a side effect of digging myself out. + +Middle class kid growing up. Went to college. As sort of a surprise (due to family stuff), I graduate with 240k debt at a little less 6% not dischargeable in bankruptcy (due to legislative change). This seems overwhelming on any likely entry-level salary, so I do a professional degree to ensure higher income starting out. + +Next, I experience a series of unfortunate events. My mother takes ill while I'm in school, and I start supporting her and paying her medical expenses out of pocket, which I will do for about 8 years. This is before you could get insurance for pre-existing conditions so it's rough until Medicare kicks in. At the same time, wife takes ill, end up doing support and out of pocket off and on for about 4, until she recovers. At some point, I have to move to an expensive area for work. + +So I do about an 80-100 hour week while being generally frugal for 10 years to make ends meet. I also get very lucky by surviving a couple layoffs with minimal unemployment during the great recession. Over time, through no fault of my own, my salary grows to about 300-400k/year. About four years ago, horrible financial things stop happening (more or less), and I take off like a rocket. + +Now I'm at a NW of 950k. 500 liquid-ish (not retirement) split 450k invested and 50k in cash. 200k in tax-advantaged retirement accounts (also invested). 250k in house. 700k mortgage at 3%. One more kid to go. Two income family, knock on wood. \~6k/month in total expenses (factoring in deductions). Could theoretically live on partner's salary, but only just. + +Considering doing FIRE once the post-tax money is around 1m and net worth is around 1.7m. The notion of making less than 2x expenses post tax is terrifying, but I might try a year to focus on health and family at least. + +Anyone else screw up and overcorrect their way to financial independence? I feel like the traditional path is to be a banker or a tech person who rode the Obama/Trump markets, and I seldom see folks like me. +Good morning Apes. Tits are Jacqued to the fullest. Get ready for an exciting Thursday of Game Stop trading on the dark pools and lit exchanges. + +GME is keeping their secrets close to the chest - as far as I know, gme didn’t come out and announce their NFT plans, or that they hired 80 execs from other shops. (Sometimes we get carried away with official vs speculation rumor, and it’s okay but we should try to get back to facts) + +You have to assume that Wall St doesn’t know what Apes know / only someone really in to the stock like a superstonk Ape would know this - and large instituons have worked to make GME appear a risky cheap fad. + +GME hasn’t talked plans or strategy. You can’t expect big fund managers to load up without this guidance. still This is bullish for a number of reasons. + +1) RC is keeping the tendies for the hardcore apes who have held all this time. + +2) RC is keeping secrets so amazon or Facebook don’t copy what they are working on. + +3) RC isn’t dropping the mic yet, he is going to keep Hedgies guessing and give them nothing to re-act from + +4) they made a statement during the call, “we got money bitch” ($1.7bn and not going bankrupt” + +5) Hedgies only recourse is to spend money in an attempt to crash the stonk (can’t last forever) + +6) lastly - speculation they can’t give guidance due to sec investigations (believe it or not bullish) + +You apes forget that GME has not given much guidance or plans to the street - yesterday they had the opportunity but didn’t, and in my opinion are still building their plan and are not ready to show it. + +Don’t expect large firms to start getting in to GME without any official plans and guidance from GME. large firms need their call, or better looking financial statements - which is also happening. + +So relax everyone - the end is near - the hedgies are fukt and RC and Furlong dont need to flex yet + +This is just another bullet they have. Trust in RC - everything they are doing for a reason, everyone knows where this is going…. +People underestimate Blackberry's QNX operating system as a secure RTOS (Real Time Operating System) based off of microkernel architecture. 🚀 + +For those who don't know how a RTOS microkernel operates let's explain with minor detail. QNX is one of the most adopted embedded OS's in the world it's installed in defense systems, power plants, municipal grids, robotics, rockets, rail and 175 million vehicles and rising.🚀 + +The reason for it's adoption is because of the way a QNX Neutrino RTOS operates compared to what we consider typical everyday operating systems. Most operating systems including IOS, Windows, Linux(Android) and MacOS to name the most apparent run on monolithic designs or hybrid kernels.🚀 + +A true microkernel architecture like QNX Neutrino RTOS has full memory protection which is built in meaning that any component can fail and be restarted without corrupting the microkernel or other components in the system. If failure does occur, QNX has the ability to rectify the problem without affecting any other part of the system through process monitoring and recovery components. This feature and ability equals extreme reliability, security and being a microkernel the OS is also modular.🚀 + +So what is the big deal your probably asking, Apple, ABC, and Microsoft might enter the space? Not exactly, in fact there has been work in this space from all three companies. Apple opened a facility across from QNX in Kanata and hired the ex creator of the OS Dan Dodge in 2016 to work with Mansfield on the autonomous car project called project Titan. The need for a secure and stable software is where Dodge and his decades of experience from QNX come into play.🚀 + +The need for a software system as reliable and secure as QNX should be a big flag to the sheer potential of QNX. It is clearly a threat and tough competition for even the biggest software companies. Not only this but project Titan continues to be illusive revealing possible setbacks and interference in trying to compete but also Apple lost several top managers from it's Apple Car project causing a potential setback to the launch revealing some attrition in the project.🚀 + +QNX version (7.1) is years ahead and analysts predict the next competitor is still 5 years away from anything even remotely close. QNX hypervisor 2.0 is 61508 SIL 3 certified and has been recognized as ISO 26262 ASIL D compliant making it the world's first ASIL D safety-certified commercial hypervisor. 🚀 + +As other's race to catch up, BlackBerry has been filing patents on it's system.🚀 + +The QNX Hypervisor utilizes patented and patent-pending technologies that simplifies how elements are shared on the system. Multiple OS's can use 1 display controller to render content onto multiple displays, aka digital instrument clusters and infotainment.🚀 +I've been lurking on here for a while, and doing background research alongside this concerning investing through S&S ISA's, etc... + +The problem is, even the 'simple' guides for beginners are still full of Jargon & references that mean nothing to someone completely fresh to this. + +Its genuinely putting me off investing, because I feel like even after researching I would still be going in completely blind, and just following the pack. + +Anyone else feel like this? Or can anyone point me in the direction of some real basic beginner information? +I think by now we know the magic number we need to hit is around $350 before the SHFs start to REALLY panic. We're actually not that far away from it. We also know Gamestop is working on something to do with NFTs. Speculation puts the NFT project as an NFT marketplace for anything and everything. I believe I also read a post that with this NFT marketplace they expect a billion new NFT users. If Gamestop is able to pioneer the first user friendly NFT marketplace, then they'll definitely double or triple their market cap. Hell, even a successful transition to an omnichannel e-commerce solution will double GME market cap at least. (I don't have the calculations, something about ecommerce PE ratio being like 20x while GME currently is like... 4-5x? Or not even?) + +Our Papa Cohen definitely knows when these exciting projects will come into fruition, and knows how much GME will be valued when GME launches these projects. If he sees that let's say within a year he can organically grow GME to be worth $400 a share, then why would he issue an NFT dividend and risk complicating the MOASS through litigation nightmare? He'd much rather put his head down and work hard to release GME v2.0, or GMerica, as you could also call it, as soon as possible. I mean, if you look at the job hirings GME is doing, it's absolutely insane, both the number and the sheer amount of NFT roles as well. + +TL;DR = Papa Cohen playing 5D chess while we fling poo at one another. Trust in papa cohen. + +Edit: Some of you misunderstood what I am saying and think I'm denying MOASS. No, MOASS is gonna happen, it's inevitable. But if Papa Cohen sees 3 possible ways for MOASS to start within the year: +1. DRS +2. Organic growth of stock value to the point where margin calls are triggered +3. NFT Dividend + +He'd probably rely on the first two ways, and will only save the 3rd way as the last resort. + +Edit: Obligatory mention to drs your shares, because some people think if drs isn't mentioned, even if it has nothing to do with the topic being discussed, then it's FUD. +I'm starting to consider joining company boards (likely going to be pre-IPO startups). For those that have this experience, how did you navigate the recruitment process? What did you look out for to help determine a good fit for you? What are the things to look out for? +Just throwing out some ideas as we navigate moving back to NYC against our will(family health issues). + +We currently live in a large home that is has become the hub of entertainment for our social circles. + +As we look at NYC apartments/condos/townhomes, we aren’t sure we can mesh our family life(2 young kids and 1 on the way) with our social life in one place. + +We’ve considered getting 2 residences—one for home life and one for entertaining. Ideally, these places would be located in the same building but we are open to walking distance. + +Has anyone done this for large city life living? How did it work out for you? +*When referencing prices and circulation numbers, I will be using a price $118.50/ETH and a circulating supply of 103,545,034 ETH (as reported by Etherscan.io for Dec. 1, 2018), unless otherwise stated.* + +&nbsp; + +***TL;DR The big ol' Ethereum whale (affectionately nicknamed ["Big Blue"](https://www.google.com/search?q=largest+whale)) is still holding onto at least 98.79% of their ether*** + +&nbsp; + +&nbsp; + +**The Ethereum Rich List - the Whale Awakens!** + +As was recently pointed out by u/CL20, the largest identifiable Ethereum whale (who at their peak controlled at minimum 4,556,298 ETH) came alive late last year. However, the whale **has not** "dumped most of it on the open market in the past few hundred days." + +&nbsp; + +Let's dig a little deeper into the available data (I'll admit I'm no Chainalysis though :) + +&nbsp; + +Before the beginning of December 2018, the three addresses below held ~4.4% of the circulating supply. They began filling up with ether on August 20, 2016 and continued to add very large sums of ether until spring of 2017. They had hundreds of IN transactions and zero OUT transactions *before* December 2018. + +Previous balances: + +1. [1,538,423 ETH](https://etherscan.io/address/0x281055afc982d96fab65b3a49cac8b878184cb16) + +2. [1,510,065 ETH](https://etherscan.io/address/0x6f46cf5569aefa1acc1009290c8e043747172d89) + +3. [1,507,810 ETH](https://etherscan.io/address/0x90e63c3d53e0ea496845b7a03ec7548b70014a91) + +&nbsp; + +On or around December 1, 2018 (depending on time zone), all three of those addresses were emptied, completely. + +They were emptied in a single transaction each, with no test transactions (the balls on them!), within a ~2 hour window. + +(To make those three initial OUT transactions, it cost them just 0.00126 ETH to move $539,921,313 worth of ETH. **That's 15 cents to move over half a billon dollars!**) + +&nbsp; + +After the three initial OUT transactions from the OG wallets, the ether was first distributed into hundreds of temporary "gap" addresses that contain just a single IN and OUT transaction [(Example)](https://etherscan.io/address/0xc141d6358609e84f88c90402e35d1fd0f8881cb3). Following the quick stop in those secondary wallets, some of the ETH continued to bounce through dozens of addresses, at which point the traceability becomes impossible (for a mere mortal). But the vast majority of the ether, after making a single pit stop in a gap address, found its way into addresses that are built up into sums of 150,000 ether, which is where they remain untouched to this day (with zero OUT transactions) [(Example)](https://etherscan.io/address/0xba18ded5e0d604a86428282964ae0bb249ceb9d0). + +&nbsp; + +Taking a closer look at each of the 3 original addresses we see that: + +1. Wallet 1: At minimum 1,500,937 ether (97.56%) was sent to addresses that were eventually grouped into "cold wallet" chunks of 150,000 ether per address. That leaves a remainder of *AT MOST* 37,486 ETH that could possibly have touched an exchange. + +2. Wallet 2: At minimum 1,500,381 ether (99.35%) was sent to addresses that were eventually grouped into "cold wallet" chunks of 150,000 ether per address. That leaves a remainder of *AT MOST* 9,684 ETH that could possibly have touched an exchange. + +3. Wallet 3: At minimum 1,500,000 ether (99.48%) was sent to addresses that were eventually grouped into "cold wallet" chunks of 150,000 ether per address. That leaves a remainder of *AT MOST* 7,810 ETH that could possibly have touched an exchange. + +**Combining the three amounts, we can see that from the total 4,556,298 ETH, a minimum of 4,501,318 ETH (98.79%) has just been relocated to new "cold storage" addresses** + +&nbsp; + +So, what has been going on with the other ~1.21% of the ETH? A lot, to put it simply. However the traceability becomes literally impossible (without more data points). If you follow the rabbit hole down far enough you'll find addresses interacting with dozens of ERC-20 token contracts including 0x, Augur, BAT, DAI, TenX, Populous, USD Coin, and WETH, among others. + +You'll also see IN and OUT transactions related to exchanges and protocols including AirSwap, Binance, Bitfinex, Gemini, Kraken, KuCoin, Kyber, OKex, Poloniex, Uniswap. + +I would say it's fairly unlikely that the whale is responsible for the majority of these transactions. But one can't really say with any amount of confidence which individual(s) control that ~1.21%. + +&nbsp; + +Things we (maybe?) learned from the Great Whale Awakening: + +1. The ether is obviously not lost/burned/inaccessible. +2. Could still be an exchange's cold wallets, which might make sense since the price of ether correspondingly "bottomed out" 5 days later on December 6, 2018 (at $83.47). Perhaps the brutal bear market "forced" the exchange to sell some of their ETH to cover some expense. +3. The whale was meticulous when creating the new "cold wallets," down to the very gwei. In each of their transactions from the secondary addresses they made sure to include the exact amount of extra ETH that they needed to cover each transaction fee, so that in the end they were left with a nice, round number (ex. 37,500.00000000000000) and nothing left in the gap address. This behavior could be indicative of how an exchange would act. +4. The whale appears to still be in control of at least 98.79% of their original ETH balance. + +&nbsp; + + +*(See my original post from March 2018 [here](https://www.reddit.com/r/ethtrader/comments/8545qm/the_ethereum_rich_list_who_owns_46_of_the/))* +First, thank you very much to everybody who submitted questions for /u/jtnichol. Go check that conversation [here](https://www.reddit.com/r/ethtrader/comments/b1i6wy/jeremiah_nichol_ujtnichol_ethtraders_community/) if you haven't. Thank you too for all the nice reactions. + +### Next up, Ameen Soleimani + +Ameen is the CEO of Spankchain. You can learn more about him and Spankchain [here](https://medium.com/pov-crypto/pov-crypto-episode-11-w-ameen-soleimani-from-spankchain-33e2bf41a889), and [another conversatio](https://medium.com/pov-crypto/pov-crypto-episode-34-rise-of-moloch-ethereum-2-0-c3e6cf54087e)n was recently published where he explains the [MolochDAO project](https://medium.com/@simondlr/the-moloch-dao-collapsing-the-firm-2a800b3aa2e7), a vehicle for funding (eth2) development. ("We could fork Substrate" was a memorable quote.) I saw him for the first time at Devcon4 and thought his talk was hilarious. + +You might have seen some of his more recent contributions on r/Ethereum on Polkadot and Ryan Zurrer's [position](https://twitter.com/ameensol/status/1105167901881917440?s=19). This in part led to [a wider discussion](https://www.reddit.com/r/ethereum/comments/azyqdu/a_statement_call_for_discussion_from_some_of_the/) on what a moderator should be. I've also seen some posts asking Ameen to be the new Ethereum release manager, but I cannot find those. + +u/ameensol and I will get hop on Skype on Wednesday afternoon (UTC) to answer the r/EthTrader community questions, which you can post and upvote in this topic. Ameen is [@ameensol](https://twitter.com/ameensol) on Twitter. + +And as always, if you have any feedback, feel free to share. +What follows is the summary of a speculative position I am taking in ether today, my rationale for taking the postion and my exit strategy. Proposed February 18/2017. + +Thesis: Ethereum market capitalization Should be higher than Bitcoin market capitalization. My assertion is that the market is mis-priced and that it will re-price in a distinguishable event (i.e. The Flippening). + +Rationale: Ethereum is the better technology. A large segment of the crypto-market is committed to bitcoin for irrational, emotional reasons. The market is poised for a repricing event, presenting a speculative opportunity. + + Recently, a possible market event has been proposed, dubbed the flippening. As I understand it, the flippening implies a psychological-market event where the market capitilization of Ethereum exceeds that of Bitcoin. The filppening in the herd mind (here the herd is the group that holds, uses or has an interest in crypto currencies for any reason, excluding the general public) will be a general loss of confidence in Bitcoin accompanied by a shift of capital to Ethereum. + +Exit Strategy: Some event will occur, highlighting the obvious flaws and lack of innovation in bitcoin. This event will herald the flippening. It will change the herd mind, probably rapidly. This event could be something like, but not limited to, the Winklevoss ETF failing, week long transaction times in bitcoin, or a significant technological advance or DAPP success on the ethereum side. The occurrence of this event and concurrent ether price increase constitute the signal to sell (re-weight) for for this trade. + +Conclusion: Although highly speculative, the flippening presents an opportunity to multiply +capital employed. Bitcoins current market capitilization is about 15X that of ethereum, +therefore the capital multiplier is likely to be a number greater than 2, provided the thesis is correct. + +Cost Basis: Approximately 13 USD or 17 CAD or 12 Eur or 88 Yuan. Currently 0.0121 bitcoin per ether. + +Bonus: This game ain't for no lame. If you've got heart, you can play this game. If your heart ain't in it, skip it. Don't play with what you can't afford to lose. + +Disclosure: I am placing about 4% of my net worth into this trade today. About 20% of my net worth is already in ether. I don't hold Bitcoin or any other crypto currency at the time of this writing. + +Good luck to all. + + +Well, that's what I get for getting in at ATH, but, I'm glad I'm here. + +Hey folks. 3 years long in BTC. (I forgot I had any. When the price went up over $2,000, discovered some that I hadn't sold years ago in a fit of poverty.) + +Started reading, and discovered ETH. + +I'm out of BTC entirely, now, and into ETH 100%. + +I just don't see how the flippening will not happen. It's a pretty clear trend. + +I guess something new could come along that could stop the trend, but frankly, I think new developments are far more likely to hurt BTC than they are to hurt ETH. + +The biggest thing that got me to switch, though, was the inability for Bitcoin to get anything done because of Jihan and his bunch of miners in China who are preventing anything from changing. +They're doing all sorts of gyrations to work around the guy. + +Frankly, he feels like an organized crime syndicate that has moved into the neighborhood. He wants to keep charging crazy fees for BTC transactions and won't let the BTC community make the changes necessary to increase capacity and keep fees reasonable. + +"Nice little transaction you got there. Be a shame if anything were to happen to it. For a small fee, we can guarantee your protection." + +It feels like organized crime has taken over the BTC neighborhood. Because of that, I've moved to a new neighborhood. + +In the future, ETH has shown that it has the flexibility and capability to deal with new threats. BTC can't even deal with obvious problems with obvious solutions. + +So, despite BTC's little runup right after I sold, I'm glad to be here. + +I think my story is not unique, either. I think a lot of money is going to flow out of BTC and into ETH. + +Everybody has heard of BTC. Almost nobody I know has ever even heard of ETH. + +When BTC becomes the also-ran, the news will be full of ETH stories which will further drive up interest. + +Anyway, I hope we're all rich in a foreseeable future. I hope the BTC HODLers are rich, too, but I just don't feel good about their prospects after the flip. + +Right now, what BTC has is first mover advantage. They're bigger, better known, etc. But once they're no longer bigger, they'll have nothing going for them at all. They'll be slower, more expensive, and under the control of the equivalent of Chinese organized crime that won't ever let it improve. + +I think BTC is Yahoo! which was an amazing investment until the turn of the century. ETH is the clear Google, here. + +Most importantly, ETH has both the will and capability to improve over time. BTC has neither. + +(And just to add, no, I'm not insane. I don't expect profit in one day. But I'll breathe a lot easier when my stake in ETH exceeds what it would have been if I'd stayed in BTC.) +Were a lot of people ringing alarm bells? Or was it completely out of left field? + +I was in college at the time, and was living in my own bubble. +I’d be curious to hear the perspectives from the ones who’ve lived through it. + +I feel like right now, a lot of talking heads are warning abt recession- but the contrarian in me makes me feel like that means we’re not irrationally exuberant, so maybe all this uncertainty is priced in? + +I’m currently making offers on a new house, and am wondering if I should pump the brakes to see if prices drop- but who knows. (Mid sized Florida City) +<Insert face palm meme here> + +Thanks to this forum and reading some basic investment books lately I've realised I should have started investing earlier and the amazing thing called Compound interest. + +Don't get me wrong I still have an ISA, and I have a (little) pension pot but now I am learning about index funds and things like that and feel like I should have read about these things much earlier in my life. Over the next few weeks I am going to start asking about how to invest in these funds etc because I want to get in on the act. + +I just want to say thank you for sharing useful things on this forum and thanks to the admins for maintaining a healthy environment on this sub-reddit. +Maybe this is common knowledge, but I saw a single article on this in the FI community and wanted to get more insight from you all + +https://www.gocurrycracker.com/never-pay-taxes-again/ + +The basic assertion of this article is that a married couple can realize up to 78k in capital gains a year (and another ~24k due to standard deduction) completely tax free. + +Consequently, a standard taxable investment account (in which you aren't constantly rebalancing and therefore realizing gains) is the functional equivalent of a ROTH as long as you dont plan on having an income greater than ~102k per year (coming from ~24k in regular income, and ~78k in realized capital gains), with the added flexibility/bonus that a taxable account can be tapped before you're of "official" retirement age. + +Am I missing anything here? +Long story short: I was working remotely for the company I am at and supporting a 2nd location. I was recently offered a higher position at the 2nd location with the exception I work on premise. So I will be relocating to a different state. + + +I am 6 months in on a 12 month lease. I contacted my rental company and asked about early lease termination. Below are what they stated: Note- currently paying $2100 a month for rent. + +* Requires a 2 month notice (I would still have to pay rent for the 2 months so, $4200). + +* Early termination fee which is 2 month rent (another $4200) + +* They had a deal where first month rent was "free" and I would have to pay it back ($2100) + +* and I would lose my initial deposit of $2100 since that charge was to cover potential damages to the apartment, and not really rent. + +* in total, i would be expected to pay $10,500 just to move out. + +Now I am a first time renter, and I really haven't ever dealt with this sort of thing. But is this normal? + +Do I have any options here? I would not even mind paying for the final 2 months.. but all these additional charges are sort of predatory to me. + + +Lastly, what would happen if i were to just give them a 60 notice, pay for the final 2 months and leave? + +Edit: not ignoring questions- I have a meeting with someone from the leasing department tomorrow i'll bring up some of the questions ask/try to negotiate and update. Thank you everyone + +Edit 2: I would add I don't mind paying the entire fee if im SOL... just can't really afford to pay 11k all at once or within 2-3 month time frame. +I'm living in Switzerland for the foreseable future highly unlikely at the moment that I wil be returning the US anytime soon (+10 years perhaps if I do return) + +Since 2018, PRIIPS regulations disallow European investors to invest in U.S. Funds. These regulations only allow investment in funds with a Key Investor Document (KID). And U.S. funds and ETFs do not provide this KID + +The Financial Services Acct (FinSA) and the Financial Institutions Act (FinIA) are the Swiss equivalents of the MiFID laws from the European Union. These laws will enter into effect in January 2020, but will only affect foreign brokers in 2022. And effectively, they should prevent Swiss investors to invest in U.S. funds. + +[Further reading on this issue](https://thepoorswiss.com/swiss-investors-lose-access-us-domiciled-etfs/) + +Platforms like Degiro have already stopped US based ETFs and IB will do the same in 2021/2. + +1) I have a US address I can use to open an account with Vanguard/Schwab (which do you reccomend btw). But what are the implications of using this workaround while living in CH for the foreseeable future. + +2) If I can start investing from abroad, what is the best way regarding funding the account as I'll be paid in swiss francs but buying USD etfs? + +Thank you so much in advance. +This year I sold a business and decided to put a decent chunk of change into a charitable trust to gift for the next 20 years. I’m not new to doing nice things, and gifting but I’m curious how most of you do your donations. + +How do you determine who to give to? +Do you do it anonymously (why, why not)? +Is there anything weird I need to be concerned about like people being up my ass every year, entitlement, etc? + +Anything else you may want to share. + +Thanks +Hi, I had a big exit a few years back and am going stir crazy. I’m really curious to know what routines, structures, time management etc people use so that they make time for the things they enjoy (or to investigate what they may be). I did have my own office to escape to once. Had its benefits but felt a bit lonely at times. Am considering getting one again. + +I spend my time on the following and I’m probably too responsive to all of it - the wealth takes a bit of management, I’ve got a portfolio of a dozen or so rental properties (managed by an agent but still a pain), ongoing development of my own house, if I stay at home I pick up task after task from my wife and kids (some of which is perfectly reasonable of course). + +Sometimes it can feel like a full time job I never consciously applied for and which I don’t like as much as running my business previously! + +All thoughts and ideas gratefully received. + +Thank you. +"Boeing shareholders sue over 737 MAX crashes, disclosures" - http://www.reuters.com/article/us-ethiopia-airline-boeing-lawsuit/boeing-shareholders-sue-over-737-max-crashes-disclosures-idUSKCN1RL31D + +The lawsuit alleges that material information about the safety of 737 max planes was known by Boeing and not disclosed to investors. Is this just another nail in this specific safety coffin? Or is this what it looks like after the coffin is done being covered with earth, six feet under, and all the major airlines are ready to move on to other suppliers for the next couple of years? + +Also, since when does some dude with 300 shares file for a lawsuit? Good for him. I'm certain vanguard, Schwab, blackrock, and fidelity own 150 times more shares than the random dude who was trying to buy a dip, and therefore have more say in the matter. However.... I feel his pain, and while I don't want to see BA fall for this, a part of me does want to see shareholders rights protected, especially the little guy. +You can't justify calculating TSLA's future value from the current numbers. You have to be expecting growth in sectors and markets not yet accessed by the company. That is eminently possible but with no information there is no reasonable way to estimate it. Your error bars are too large to create a valid result. + +You also have to hope that the expected competition coming to the company's current sectors won't cause existing growth to slow. And that's not going to happen. Every car maker on Earth is coming for the EV market, because manufacturing most kinds of ICE cars is going to be banned in the future, and they want to remain in business, and will not find it hard to do so. + +Bottom line: if Tesla doesn't start to access new business lines (robotics is a good example) it will start to get its ass kicked in EV, and it will collapse and be remembered as a fad. + +That's all the certainty there is. It may go up, but it will certainly go down if it doesn't start reinventing. Getting any number of significant digits on its future value is magical thinking. +Fascinating long read in today’s (9/25 print edition) The New York Times about Providence, a nonprofit hospital chain based in Washington, which is currently being sued by the state’s Attorney General for state law violations in billing, such as sending Medicaid patients to third-party collections agencies when they should have owed $0, etc. (The Times story also finds problems with the billing from Providence locations in Oregon and California too. But so far Washington is the only state suing.) + +[They Were Entitled to Free Care. Hospitals Hounded Them to Pay.](https://www.nytimes.com/2022/09/24/business/nonprofit-hospitals-poor-patients.html) + +ETA: also, the consulting company involved here, McKinsey & Company, is the same McKinsey & Company that paid $600m last year for its part in Purdue’s opioid scandal. Which is a whole different but related conversation. + +ETA x2: u/steal_it_back put a gift link in their comment [below](https://www.reddit.com/r/povertyfinance/comments/xo7tn6/they_were_entitled_to_free_care_hospitals_hounded/ipy1o4o/). Sorry y’all, I wasn’t even thinking about the paywall here. +Not sure if this is the right place to post this, but I'm looking for help with an issue with our lease. Also I am on mobile so I apologize in advance if the formatting is bad. + + +My girlfriend and I signed a 13 month lease for an apartment without seeing the actual unit. I know it's not a good idea to do that. However, they couldn't show them with the tenants still living there, and are in such high demand that if you wait too long you will miss out. + + +Anyway, we signed for a unit on the second floor. We saw a similar 2nd floor unit, and liked the layout. It has nice vaulted ceilings that make it appear much bigger. + + +I have it in writing (multiple emails) assuring us that the unit on the lease is on the second floor and is the exact same floor plan that we previously saw. + + +Come to find out that there was a mistake, and the unit on the lease is actually on the first floor. It is smaller and does not have the vaulted ceilings we wanted. We haven't seen this floor plan, and are worried that we won't like it as much as the second floor unit. + + +Our options: +1. Suck it up and live in the first floor unit. + +2. Break the lease and lose our deposit ($250) and application fee ($170). Then wait until a new second floor unit becomes available. This could take a few months. + +3. Talk to the manager and try to work something out. + + +Some more details if this helps: +Rent: $1430 per month - same for both apartments +Location: Southern CT +Move in date: August 14 +We are recent college grads currently living with our parents. +Income: $72k combined + + +I am looking for advice on what to do. I want to talk to the manager, but I'm not sure what can be done since our signatures are on the lease already. + +Background: As a muslim, it is against our religion to partake in interest in any way shape or form. Some scholars have made it permissible due to the day and age we leave in. + +As someone who is looking to invest in their first rental property and with about 10k to invest, do you have any advice or ways of beginning without dealing with interest? Is that even possible? I know there is Islamic financing available where the other party pretty much buys the property and you buy it from them at a higher cost and you own the % that you pay for. Has anyone here tried that? +The property we really wanted, MFH 4 unit, failed the FHA self-sufficiency test. According to them, our mortgage payment is higher than 75% the total rent. We’re disappointed & discouraged. + +The pros: We have great credit (730+), have great income and very little debt. We had the 3.5% down payment plus a 4% interest rate. We were preapproved quickly. + +The situation: Loans agent says our only option is to do a conventional loan @ 20%, 6.7% 30 year mortgage. 20% is super high for us; we would have to use every dime we have, live off our credit card for months, liquidate some stocks & borrow against our 401k. + +Realtor is trying to save the deal, and has asked us to send her our documents so her people can shop around some non-qm loans. We don’t know much about these. She says refinance after 6 months but we just don’t know. We feel over our heads here. Any advice is welcome. + +Edited to provide more information: we asked the lender how much more down we would have to put, but based on the mortgage insurance & other payments, they ran the numbers to as much as 15% and it still didn’t make much of a difference. Their logic is since it’s that much more down, might as well go conventional and get rid of the PMI & self-sufficiency test anyway. +Hey all, + +So I'm hoping to get some advice as to who I should speak to in order to come up with a financial plan that will get me to where I want to be. + +I am 28M and am in a serious relationship with hopes to propose within a years time. My significant other is almost 3 years older than me and is much more financially stable. She's paid off her student loans, has a significant amount of money saved and is overall in a much better situation than me. + +I on the other hand was a complete moron in my youth which resulted in $100k+ student loans owed to a private lender. I consolidated and refinanced my loans last year but am still making the minimum $865 monthly payments. + +My current plan is to get a new job that pays at least $65k (I currently make $52k) which is attainable. Once I get that, I'd like to go back for a masters in statistics, which in my field will easily put me into a 6 figure salary range. I hope to pay as much as I can for the program out of pocket and aim to accomplish this within the next 4-5 years. At that point, I will aggressively pay off my loan while maintaining the budget I currently have as far as living costs go. + +In the meantime, I'm saving for an engagement ring while still paying the minimum on my student loans - my current budget is favored towards this. Beyond that, I'm just not sure if this plan is the best approach. Currently, we hope to be married within the next 3 years and start a family within 3-4 years. My significant other has told me she'd help me pay for the masters but I also want to contribute to things like a house down-payment within the next 5 years. + +I just want to know who I should speak to to come up with a plan to achieve these goals, or if I need to revise anything. +Have no clue what to do with, definitely want to make more money lol. I was exploring some mid range term high interest CD’s or maybe just taking it to a financial planner. +Is there something I can use besides my company’s 401k plan? We get a pension which will likely be bankrupt before I retire (fund states openly they’ll run out of $ in 2025 and I can’t retire with pension until 2055), so I’m planning as if it won’t be there. But because we have the pension there’s no 401k match, just a Prudential plan with like 18 or 20 lame investment options. I already max out a Roth IRA every year and put about $1350/mo into my own investment portfolio. Both of those are through Fidelity which I like a lot. But I also want the tax break because the last $25k or so of my income falls into the 24% bracket even after my deductions. Do I have any options?? I can’t seem to find anything since I’m not self employed. +Like everyone on this sub, I want to be financially free. GME's fundamental value can make me rich and MOASS can set me free. But there's a hindrance. u/polypolipauli posted an excellent negative DD (edit: mods marked the post as an opinion) highlighting 3 viable strategies that the financial elite are working on to prevent MOASS from happening: + +https://www.reddit.com/r/Superstonk/comments/r1ay0q/negative_dd_3_ways_the_global_financial_elite_are/ + +I strongly recommend everyone to read the above post. Please upvote it as much as possible so that the entire sub gets to see it. + +**None of this is financial advice** + +I know it has been drilled into our heads that Buy, Hold, and DRS are sufficient to eventually initiate MOASS, but this could be false. The powers that be are trying to use other means to indirectly prevent MOASS from happening. It is extremely important that everyone quickly learns about the **Direct Registration System** and educates their family and friends about this system. + +If our thesis that the float has been sold at least 2 to 3 times is true, then DRSing the float has a 100% success rate in exposing this crime. If we give the financial elite sufficient time then they will amend existing laws and/or introduce new laws to ensure that there is a **POSITIVE PROBABILITY** that MOASS is stopped. + +Your financial freedom is at stake here. If you are counting on GME to pull you out of financial misery, then it's important to expose the corruption ASAP. + +Let's stop bickering and dividing ourselves. Apes have to stand strong together if MOASS is under threat. Don't be zen. Save it for after MOASS. +Yeah, I understand inflation, but what’s the alternative? + +Stocks are in the gutter, s&p500 is going down, crypto is going down… if the money isn’t in the bank it’s going to be worth even lesser. + +What other assets can one buy that can keep up with inflation? +I’m thinking of adding emerging markets to my portfolio. + +It’s between EEM and VWO. + +I like VWO because it’s a better fund with less fees, but EEM has the volume and options liquidity. + +I really don’t care about my shares being called. + +Now back to my question, do many of you have experience or success with selling covered calls on funds like VWO, VTI, etc? +Let's say I own 100 shares of XYZ. I'm okay with owning 200 shares if the OTM put gets assigned. I'm okay with owning zero shares if the XYZ call gets assigned. + +What is this strategy called and what does the p&l look like? And can it be executed with a LEAP'S instead of 100 underlying shares? +Hello everyone. + +Please pardon my noobness, but I'm still learning about trading and during this phase it is important to resolve any doubt, even if the question sounds stupid. So a few days ago I discovered [OptionStrat](https://optionstrat.com/), a very nice website which allows you to create several option strategies and visually see how they may play out. + +I was playing around with Bear Call Spreads. For instance, let's take the following SPY example: + +&#x200B; + +https://preview.redd.it/193p6ftaj8c81.png?width=964&format=png&auto=webp&s=72716099c111bee02bdaf40739925672b99902ab + +Buy a 465 Call, Sell a 460 Call. + +According to the website, there is an estimated margin of $500, and a max loss of $136. Also, the max profit is $364, which obviously is the same as the credit I would initially get. + +My questions are: + +1. What does the max loss represent? My interpretations is that it is the amount of money I would lose if the price gets beyond the breakeven point and I close my position before expiration +2. What does estimated margin represent? My interpretation is that it is the amount of money I would lose if one, or both, calls are exercised either at expiration or before + +Any help is highly appreciated. +*Obligatory this is not financial advice. Make your own investment decisions.* + +You may have looked at the GME squeeze and the overall market sell off and thought: wow the shorts are being forced to sell their longs to pay for their mistakes, and it’s taking down the market. *That’s not what happened.* Do the math, GME even at these levels has a market cap of only 22B, while the S&P 500 has a market cap of roughly 33.5T and the Nasdaq Composite has an approximate market cap of 17.2T + +Now why are you hearing on CNBC that the squeeze is causing the sell off in the market? That hedge funds are selling their longs to pay for their shorts? Because they want to scare away those holding GME stock. That’s the crux of it. Established financial institutions have a vested interest in maintaining their grip on power. + +On to what is *actually* causing this volatility in the market. The covering hedge funds that are short GME are in fact selling their longs, and they are selling names like AAPL and MSFT that account for large weights in the indexes. This however isn’t nearly enough downward pressure to create the drawdowns we’ve seen. So what is it? It’s the quant funds. These funds see a trend and hop on. They saw the downdraft and they exacerbated it. What you saw early in the week with a 2% down day followed by a 2% up day is what you are likely going to see going forward until this is over. The quants drive it down, and the technical funds drive it back up once it hits the 50 day moving average. Look for another 1-2% up day on Monday. + +Edit: Monday went as expected. S&P up 1.61%, Nasdaq up 2.55% and Russel 2000 up 2.53%. + +We’ll see this push and pull until the squeeze ends, at which point the quant funds will hop on the uptrend. That plus the vaccine rollout, and a return to normalcy, is how the 4200-4500 price targets on the S&P from analysts all over the street are going to be hit. +I'm struggling to find the next stock of which I'd like to own 100 shares (to sell covered calls). Not many companies look attractive to me right now. Which company do you think is worth owning 100 shares and (briefly) why? +I've been selling long-term TSLA puts since April 2021 and I'd be interested in learning from any others that are doing this strategy as well. It was my first time doing this so I just sold puts at various strikes from lower risk ATM (at the time) on up to higher risk OTM (at the time). Then I was using that money to buy shares of TSLA on margin and add some long-term TSLA calls as well. I just closed the following puts: + +* 2x 1/22 750p - 34.6k gain 99% +* 2x 1/22 800p - 31.8k gain 99% +* 2x 1/22 810p - 39k gain 99% +* 1x 1/22 900p - $15.1k gain 97% +* 2x 1/23 800p - $46k gain 70% (because TSLA was so far above this strike and I'd rather wait for a dip and sell higher up) +* 2x 6/23 1000p - $53.8k gain 53% (because I didn't want to wait until June 2023. I'd rather do a shorter duration strike.) + +$220k in realized gains. + +I've got 2023 puts that I sold on TSLA as well at higher strikes. I understand this is higher risk so if not suitable for this sub I'll just delete. +Tl;dr: Getting consistent wins by selling weekly naked Puts at .04 to .12 Deltas for roughly 0.30% per week on an $11K account. After adding in multi-weeklies becomes 0.88% weekly ROI. + +**Goal**: How to achieve 1% per week? Explored adding multi-DTEs and laddering. + +**Strategy 1**: Adding in multi-DTEs. The same strike a week further out can provide as much as 4x the premiums. + +**Strategy 2**: Laddering. To take advantage of lower strikes when your initial entry wasn't ideal. + +**First 13 week results**: Adding in multi-weeklies saw a dramatic jump to 0.88% weekly ROI. + +[2\/21: Implementation of Strategies --\> 0.88&#37; weekly ROI](https://preview.redd.it/zujtks8kmmt81.png?width=226&format=png&auto=webp&s=eab6fd6395203ce27886031f8e4adbb92003c43a) +Hello everyone. + +Please pardon my noobness, but I'm still learning about trading and during this phase it is important to resolve any doubt, even if the question sounds stupid. So a few days ago I discovered [OptionStrat](https://optionstrat.com/), a very nice website which allows you to create several option strategies and visually see how they may play out. + +I was playing around with Bear Call Spreads. For instance, let's take the following SPY example: + +&#x200B; + +https://preview.redd.it/193p6ftaj8c81.png?width=964&format=png&auto=webp&s=72716099c111bee02bdaf40739925672b99902ab + +Buy a 465 Call, Sell a 460 Call. + +According to the website, there is an estimated margin of $500, and a max loss of $136. Also, the max profit is $364, which obviously is the same as the credit I would initially get. + +My questions are: + +1. What does the max loss represent? My interpretations is that it is the amount of money I would lose if the price gets beyond the breakeven point and I close my position before expiration +2. What does estimated margin represent? My interpretation is that it is the amount of money I would lose if one, or both, calls are exercised either at expiration or before + +Any help is highly appreciated. +Been following these rules for a little while, can someone find a fault with this? + +1. Find an underlying with decent implied volatility that you believe in long term + +2. Buy 100+ shares of the underlying + +3. Sell Covered Calls (Delta around 0.3 to maximize profit while avoiding assignment) + +4. Reinvest premiums collected into additional shares + +5. Retire +Maybe vol will come back bid and trading volumes will pick up when earnings season comes around in a couple weeks? + +&#x200B; + +But right now, unless you're in only meme stocks (which I tend to avoid), it just doesn't feel like a good vol selling environment. Volume and liquidity is way down, indexes drift higher on low volume while single names are either all over the place or dead in the water for no particular reason. The names that are moving way outperform their implied vols, but (at least for me) there's no way I can anticipate which ones they will be. + +&#x200B; + +The Archegos blow up seems to have freaked out many funds and banks, and liquidity has dropped significantly in many names. All the inflows right now are pouring only into megacaps, as those are the only stocks that big players aren't worried about getting stuck in, and they need to shove money somewhere. To me, the trading overall in the market right now is sloppy and kind of random. There are some names that have moved down 30% in the last month and some up 20% in the last 2 weeks, and they're both trading with implied vols in the 20s or low 30s. I just don't think you're getting compensated well enough right now for taking on short gamma/vega risk (in general) to make it a good trade. If you're selling out upside, you're just not getting paid enough for what you're giving up, and if you're writing downside, you're not collecting enough to compensate you for the risk you're taking. + +&#x200B; + +That doesn't necessarily mean I'd be out there buying options, but honestly that might even make sense right now if you're good at picking spots. + +&#x200B; + +We've enjoyed a year of flat or inverted term structure and unrelenting call bids from RH and retail, but they seemed to have dried up. That trade has been very good for a very long time, I'm going to do my best not to force a trade that just isn't there. That means accepting a lot less theta than I'd like to be collecting + +&#x200B; + +Feel free to disagree - or post places where you think implied vols are too high. I'm all ears +It's been a whirlwind start to October, and the 5th was my last day on the job. I get a severance and was escorted out of the building. Nearly the entire department got laid off (14/18 members) So just lost out on my $120,000 salary.... :( + +While it was a shock at first, I'm not worried that much anymore. We were only 1.5 years away from our FIRE goal, so I can make do with being done working a bit earlier. We have on debt, not even a mortgage and 2 rental properties. + +Here's our financials for those that are curious (combined between my wife (43) and I (44). + +401k: $374k + +403b(from my wife's past job at school): $22k + +Savings/Checking: $25k (extra $15k for our 401k top-off) + +Roth IRAs: $285k + +Vanguard balance: $714k + +Duplex: $210k (monthly income: $2,900) + +Triplex: $180k (monthly income: $2,700) + +Our Home: $250k + +Total Liquid Assets: ~$1.4 million + +Total Assets: ~$2.1 million + +Current Income w/o my job: $9,400 ($5,600 rent + $3,800 wife salary) + + +Our expenses are right around $4,250/mo; but I think I'll be trimming that down to about $3,300 right now. Goal is to be able to top off our tax-advantage accounts for this year, but I might just hang onto the $15,000. + + +I think I'm going to dilute my risk and get out of equities for now and move into fixed income stuff. If on my $1 million even, I can get about 4% return; that's $40,000 combined with even $5,000/mo after repairs, I'd be at $100,000/yr income with my wife retired as well. + +We can keep our expenses under $4,000/mo; so $50,000/year. if the gross $100,000/yr; our net income will be around $75,000-$80,000. + +So it looks like it's time for me to FIRE. I'm still not sure exactly what my severance will be. I'm expecting $20,000-$25,000; but who knows... I will find out Monday. Anyone been in this situation where FIRE was forced on them? +Every time you use the TenX card won't you have to report capital gains on your assets that are stored on there? Sorry if this is ignorant, but it seems like it would be a nightmare if you're purchasing a lot of goods via BTC or any other digital asset since the IRS classifies these tokens as capital assets. + + From +https://bitcoin.tax/faq + +> +**Classification** +The IRS are treating Bitcoin as property. Any gains made from the sale of personal property are subject to capital gains tax. + +> + **Tax Events** +Tax is potentially due when a tax event occurs. For Bitcoin, this is whenever they are converted into fiat currency (e.g. US Dollars) or equivalent. This includes selling on an exchange, selling to another person, or buying goods or services. +Each taxable event may create a gain, and as such you need to know the date, cost basis, sale amount and any related fees. + +(For U.S Citizens) +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! + +Not only can you stake your NFT for passive income, you can RENT your Kira....I wonder who else could benefit from renting out NFTs.... + +This has HUGE implications for GameStop. + +Can you imagine? + +Is this where blockbuster fits in for gamestops purposes? + +Who knows..... + +Let the hype continue. +I've been investing for the last 3 years consistently with Raiz. Since late last year however, I've become increasingly interested investing as my investments have grown. As a result, I pulled out of Raiz, set up with SelfWealth and taken it more into my own hands. After consuming an enormous amount of videos and lots of reading, I've set up my portfolio now to my satisfaction. All I have to do now is keep saving and do a buy once every $2000 or so. + +The problem is, I've become so interested in the world of investing and the minutia of portfolios and fussing over my own portfolio that it's getting a bit out of hand. It's kinda too much fun keeping up with world finance news and how global events are affecting the market. I know that all I have to do is forget my portfolio now that it's set but it's hard to stop checking it daily and keep reading about investing-related stuff. When I had Raiz, I was great with paying almost no attention to my performance and I need to figure out a way to re-learn that and "lose interest" in my portfolio again and just let it do its thing. + +Anyone got any tips? +Earlier this week I saw a post arguing for why reddit is designed not to show you hidden gems, well, let me try and change that. Full disclaimer, I have $100 bag worth of each of the following coins, but I really do believe that they have potential to make you/me some good returns. I will keep it short, so do not consider this as DD, it is more of a summary that I would mention to a friend. + +First one is: + +QANplatform $QANX: It is a quantum resistant blockchain that is developer friendly (you can program in any language), easy to migrate to, supports Solidity code as QANplatform is fully Ethereum EVM compatible. But it also supports building Smart contracts, Dapps, Defi, NFTs and other cryptocurrencies on the top of the Qan network. Their test net launched recently and their market cap is still small, around $60 Mil. + +&#x200B; + +https://preview.redd.it/gspetwdcyiz71.png?width=1552&format=png&auto=webp&s=445e91b8736b600d5ad7eb02f9ade69b7e2458bc + +&#x200B; + +https://preview.redd.it/w6snnlhfyiz71.png?width=1553&format=png&auto=webp&s=9eec2380302f60a7e293779b44646e0e003ecaab + +This is how the token is used + +&#x200B; + +https://preview.redd.it/ek1svpviyiz71.png?width=1514&format=png&auto=webp&s=8a332d1f314418bbc986e21a143a5ebf8352fb8f + +And they are not on a big CEX yet, so this also might bring some good cash flow into it: + +&#x200B; + +https://preview.redd.it/7uwhymwmyiz71.png?width=1279&format=png&auto=webp&s=dee6099c32243735448aeb8fb19dd0e55b2c1c6c + +The only thing I personally view as a negative thing on Qan is the amount of coins the team has. + +https://preview.redd.it/ebu8wjytyiz71.png?width=1384&format=png&auto=webp&s=3cf1e7f39a54bcc199081f3e899146ff9ecfcce5 + +One final note, the APY for the staking was +%60 last two rounds but I have missed them both. Again, I only have $100 worth of Qan. Be careful to buy it on the BSC network and not on ETH due to the gas fees if you want to buy it. + +&#x200B; + +**Then, there is Ponyo-Inu $PONYO:** Let me make this clear, **IT IS A MEME COIN. I repeat, a MEME COIN.** + +Nonetheless, many meme coins can go big, but I'm not saying this one will, again I only have $100 worth of Ponyo. Why I believe it has potential is because it is still relatively new (it launched two weeks ago), team incentivizes people to buy by doing raffles, and most importantly, it has an auto-impact mechanism (this means that a percentage of the transactions cost gets donated to a charity, this has exceeded $500K already). Two last things, the team is going ham on the marketing (was featured on the YT channel of Altcoin Daily which has +1M subscribers and on tons of twitter accounts), and it will go on a centralized exchange tomorrow: + +https://preview.redd.it/3qajdz020jz71.png?width=605&format=png&auto=webp&s=15d00f8749fb2d84314717d4f500568d6e078aba + + + +https://preview.redd.it/d8f3mw8e0jz71.png?width=599&format=png&auto=webp&s=821f494ab906c7520776c239d25e03dbfc01f177 + +*Please, before attacking me or the content of the post, be reminded that I never claimed for this to be a DD, I have very low exposure in both coins, I am only sharing this with you guys because I want you to also benefit from the coincidence of me stumbling of these coins.* +I was doing well, then got way too greedy with trades. + +Started going against my strategy, averaging down when things got too rough and blew up over 90% of my trading account. + +I want to give it another shot. When I stick with my strategy Im quite profitable. Thing is I frequently have dips where I stray from it and then everything goes to hell. This time has been far worse than others. I’ve been 50% down before but was able to get it back. + +So I want to throw in a few more grand to try again and if this time doesn’t work out, I’ll likely stick with long term/index fund investing. + +Any tips would be greatly appreciated. +So if stock is worth 100$ and dividend is 10% per year, I buy one stock for 100$ and then suddenly price of stock drop to 50$ do I get 10% dividend from buy price 100$ or market price 50$? +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 $2.44 per share, which is 2.04% of its share price](https://finviz.com/quote.ashx?t=grmn). The Company has increased its dividend payout in the [past eight consecutive years](https://www.macrotrends.net/stocks/charts/GRMN/garmin/dividend-yield-history); this makes it a good candidate for dividend growth investors. Garmin will become a dividend champion in the likely case that its payout increases the next two years. + +#**Conclusion** + +Garmin has seen immense growth in its marine, outdoor, and fitness segments. The Company’s investments in its Autoland product have put it at the forefront of autonomous flying. Garmin is a clear innovator in its industry and will likely continue to outperform the overall market. + +I personally believe Garmin’s investments in autonomous flight will make it a leader in the industry, much like Tesla has become in automotive self-driving. + +**Note: The opinions expressed in this passage are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to be consumed for educational purposes. At the time of posting, the author holds no financial position in Garmin Ltd. +Not sure what to flair this, but just to keep it short. I've been wanting to add MSFT and APPL to my portfolio to capture the growth gains alongside my SCHD and VYM holdings for their decent growth and dividends. Would it be better to hold them individually or just buy an ETF such as VOO or QQQ since its in their holdings as well anyway. But the five year charts seem to show that the individual stocks have greater % growth compared to the ETFs. Any advice would be appreciated. +So if stock is worth 100$ and dividend is 10% per year, I buy one stock for 100$ and then suddenly price of stock drop to 50$ do I get 10% dividend from buy price 100$ or market price 50$? +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. +UTZ Brands is a pretzel and salty snack manufacturer that after 99 years of family ownership has gone public via a SPAC (Special Purpose Acquisition Company). + +Sales grew 21% last quarter, although some of this could be attributed to lockdowns and stockpiling. + +Proceeds from the SPAC have been used to pay off debt and more will be spent on advertising and marketing to both retain new customers and entice more. + +Even while private they have expanded their portfolio of brands via acquisitions. + +Fourth largest snack brand in the US by sales in 2019. + +Their goal is to be the fastest growing pure-play branded snack platform of scale in the US. + +Paying a dividend of $0.2 per share this year. + +They aren’t a dividend king or aristocrat at the moment. But the opportunity to get in on the ground floor of this one was too big too miss. Their payout is low enough that there is plenty of room for growth as their revenues increase. + +I really think that they are going places, they could maybe even be the next PepsiCo. + +I’m not going to go on and on but all I’ll say is have a look at the investor presentation, it’s compelling + +If you have any questions or want to discuss with me please do. + +All info is sourced from the two links below. + +Disclaimer: I bought into this for 50 shares before the merger. + +Sources: +Investor presentation: https://s25.q4cdn.com/130011723/files/doc_presentations/2020/Utz-Investor-Presentation_vF-(9.7.20).pdf + + +Dividend: https://s25.q4cdn.com/130011723/files/doc_news/Utz-Brands-Inc.-Declares-Regular-Dividend-2020.pdf +My work offers a retirement plan where they match up to 3%. The money the staff contributes goes into a 403b and the 3% the company contributes goes into a 401k account. Both accounts offer the same investing choices. Is there a reason why they would separate they money into a 403b and a 401k? + +&#x200B; + +edit: I think the company will contribute 3% regardless of how much staff contributes +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! + +Apologies for formatting, I'm on mobile. +We live in British Columbia and approximately 4 years ago, my sister-in-law was denied financing on a new vehicle. She asked my wife if she would co-sign on the loan and she agreed. After a check from the finance office, they got the green light and everything was finished. + +Now just this week, my wife and I have decided that we want to look into purchasing a new home. My wife calls our mortgage broker to talk about our finances and she was asked about a $40000 loan that's affecting our owe/own ratio. My wife told the broker that she was only a co-signer on it and the broker said that it looked like there was more to it. After sister-in-law does some digging, she discovers that the only part of this loan that has to do with her his the payment comes out of her account. My wife is the principal loan holder, there is no co-signer on the loan and all the payments the sister-in-law is making is going towards my wife's credit. + +On the upside, she hasn't missed a payment yet so my wife's credit is great. Her sister has been paying for her car for 4 years and her credit is still in the tank. Now we can't buy a house at the moment and I don't know if it's because the dealership fudged the paperwork to make the sale, ( A buddy worked for said dealership and told me they were crooked as fuck.) Or my wife, her sister and her husband all happened to miss a giant chunk of information while signing papers. I wasn't there when it happened so I can't make any real assumptions. + +Edit: I was going to let my wife proof read this before I posted it, but she feel asleep before I was finished. Now that she has seen it, she has told me that her sister had a previous loan and a different car that got added to the top of the new load and that is how it became $40000. Very sorry for the confusion this may have caused. + +Edit 2: For others that have asked, my wife is not on the insurance or registration for the vehicle. +It's nice day (where I live), some news about some website I have never done business with, and the BTC rate is approximately normal. + +Fuck yeah. Bitcoin is here to stay, nothing to see, move on. +This is not a shitpost, I’ve included screenshots and will provide additional if needed by the ghey mods to show this is real. + +Someone logged into my Robinhood account (allegedly from a device in Iowa) and linked a new bank account. Then immediately they transferred $15k into my Robinhood account. I was out at the time of seeing this, but after seeing a text notification about this on my phone I quickly logged onto Robinhood in a panic and changed my password and then changed my password to the email I use for it. So far, nothing has changed so I don’t think they were able to get into my account since the password change. The $15k is set to clear on the 10th (Tuesday) and I’m thinking about this non stop because why would this happen? I emailed Robinhood about it and they haven’t replied yet. + +I posted on legaladvice and the responses were lackluster but one commenter advised me to stay away from WSB for a while so I figure I might as well come here to get a second opinion. What do I do? +So I just got off the phone with circle after they suspended my account, and have forced me into selling my 9.48 BTC at todays current low prices. + +Their reason? Because I didn't answer the question regarding the source of my funds, from JUNE 24. The only thing is, not only did I immediately clarify my source of funds, they thanked me for my promptness in doing so. + +I even literally even read their response to the person on the phone, but they said that it doesn't show up in their system so I was out of luck. WTF? + +Original Message: http://imgur.com/b9Mmhrj,wAp96kt#0 +Their response to my response: http://imgur.com/b9Mmhrj,wAp96kt#1 + + +I've intentionally included the case number, so if anyone from circle is reading they can verify the authenticity. Furthermore, they gave me absolutely ZERO warning about my account being closed or shut down, the only thing is I couldn't transfer bitcoin. Their support is a joke as well. + +I originally picked circle to avoid paying coinbase's 1% fee, but I now realize that was a short-sighted decision. I guess you get what you pay for. +Let's head right into it.So the first ever T+35 occured on 25th January 2021.Counting back these 35 calender days that shouldve started at 21st December 2020. (FTD) + +On the 25th January, the price went from \~70$ to 350$ in 2 days.This caught hedgefunds totally offguard. They didnt expect that to happen and force commanded brokers like Robinhood and others to stop the buying pressure as it was uncontrolable.It was a mix of FTD + FOMO + 1st time ever.After that it crashed to \~190$ due to panic selling and not allowing to buy.It ran shortly after to 327$ again for reasons I dont remember.Anyway people couldnt buy, were restricted, and couldnt push for a margin call.Which was at that time the most attractive time for that.So that makes it sure that they have never started closing their short positions. But started to add on more from that date, spreading FUD with media until today, to make us believe the squeeze is 'over'.That we would eventually sell and forget about it. That was the hedgefunds goal. + +DFV gave a little more light into this darkness with his share adding and proved that the squeeze was not over. Nothing illegal about anyone buying this stock. And investors simply didnt want to give up on gamestop due to child memories and much more. GameStop means a lot to gamers. And the believe in the company to create a great future in gaming for the community, is there. + +Due to shorting that started again from the 29th January, 35 days had passed. The FTD was on the 5th March 2021. The price went from 138$ to 265$ in 7 days.It were 21 days where the price kept rising, if it kept on going, it would've resulted in a margin call. + +This attempt was stopped with the shocking flashcrash that we all witnessed that day. + +After that, I think, we got the stonkometer showing us all the FTD, Options and so on.I used waybackmachine to find what were the last high OTM Puts and added 35 days until 'covering'. + +On 16th April 2021, \~427K OTM Puts were expiring. Adding T+35 Days to that it arrived on the21st May 2021. It caused a runup from \~170$ to \~302$ in 19 Days. (9th June 2021)Shortly after the stock would've crashed anyway and be again shorted.There is were GameStop sold their shares ATM. They took the opportunity to get money which otherwise they couldnt be able to do so. It was like the perfect timing. + +Now they had a reason why they shouldn't be shorted and that they can transform to get back on foot with zero debt and money on their hands. Which doesnt justify the shorting any longer.From that point all the shorting is due to not wanting to close their short positions. Meaning the true 'hedgies r fuk' moment. + +From the ATM share offering 2 days passed, those 21 days ended. This is when the hedgefunds started to short again to kick the can.Those OTM puts that expired today on 17th July 2021, were about 437K.Adding T+35 onto them means closing that position is 20th August 2021. + +That is when 21 days start were the price surges again. It ends on a Friday 10th September 2021. + +Monday is the 13th September 2021. Which is were I would expect Margin Call and where the whole stockmarket will get down to hell. + +Not to forget that probably the new delta strain or whatever strain will cause drama and can be used for a maskup. To do anything what is in their power to not let the hedgefunds or anyone else be responsible for the crash of the century. Because that would certainly upset a lot of people. + +*this is not financial advice, just some info or data for the stock and mostly, my opinion.*I do not know wether I'm right or wrong. Time will tell. +So Tesla was caught in the eye of the storm today, dropping nearly 10% in the midst of this market correction. May also have to do with the company stopping orders for the Model Y. May also be a short term correction as people take profits from the ATH. + +For all those on the sidelines who watched the price go up in the last few months and not get in - myself included - what do you say about it’s current price? Still overvalued in your opinion? Are you waiting until the price drops more? Are you buying small to average down if it goes further? + +I had been one of those sceptics who thought Tesla was in a bubble and would eventually return to around $500-600. However I must admit after lots of research Tesla does seem to be 5 years ahead of other EV makers and i’ve been waiting ever since to see a price drop. + +Does this drop in price justify buying a position in Tesla or are you expecting a bigger drop? I personally don’t believe the Model Y news is too shocking, Elon Musk has consistently acknowledged the challenge of mass-scale production. +I am in an interesting situation which I haven't seen before on this subreddit. I own shares of $YOGA (aka YogaWorks) and they announced their intentions of going private very soon. The interesting thing is I have not received or heard of how this effects me as a stock holder. + +Are they going to forcibly cash me out/buy me out? +If I don't sell will I still be a shareholder and how would that work? +If I don't sell and the company goes public again will I receive the same percentage of stock I have now? + +[Link to their announcement.](https://ir.yogaworks.com/news-releases/news-release-details/yogaworks-announces-delisting-nasdaq-0) + +Thanks! +I don’t get it. How does this make sense? Peak inflation that’s going to stay around 10% is a good thing? And record interest rates hikes on the table is bullish? Why is the market not making any sense right now.. +I have lots of holiday left and I'm not too bothered about getting paid for this month, just that they don't sue me. Are there likely to be any other financial repercussions? + +I saw a very similar thread on /r/askuk but I can't seem to find it from about a day ago, although they wanted to give some notice. I jsut want to hand in my laptop and go. + +Edit: I work in the civil service + +Also managed to use the wrong 'there' in the title, so that's great too. +After tax our monthly income is about £3600 and we are stugging to buy a house. The largest mortage we can get is around £260k x 4 our gross income which still leaves us needed a £200k deposit to buy a house. How do people manage this? We don't spend anything on luxuries, don't eat out or order out. I am over 40 and i just fear never being a homeowner +Have noticed a few 'under offers' with properties I've been looking at in Sydney lately. Some have come up pretty quickly for places that don't seem like they'd be bashing down the door for offers, others remain listed 'under offer' for quite a long time. + +I was thinking this is all probably fairly normal, particulary in the current market but a recent incident makes me wonder if I'm missing something. + +So a property goes to auction and gets passed in. I didn't see PI price but soon after is listed at 1.25m-1.32m. I've kept a very close eye on the market for the past 2 years and the range comfortably looks $200k out of whack. A nearby and also new property sold for 1.05m back in March. There are a few pluses and minuses between the two properties but I would hazard any benefits in favour of the more expensive place are cancelled out by a crap location. It is literally one house back from a major road and there are some telco tower views too. So I contact the agent to ask why the huge discrepency between the two places. He doesn't get back to me for a week - and when he does, things get interesting. + +He says the place got passed in at 1.12m but he thought he could do much better for his client. He says he did and got 1.27m which seemed amazing to me. It's the south-western 'burbs which are struggling and there's definitely choice out there. His email literally came early the morning after the night this deal was done and it's long and very detailed. He comes up with all kinds of reasons why his place got so much more (none of which I really bought) and makes out there was quite some competition for it. Says he couldn't work out why other place went so cheap and said he had 6 people who were interested in his house tell him they would have been happy to pay $50k+ more for the other place anyway but missed out (odd). Interestingly this 1.27m place remains on two sites up for rent. It has 'under offer' on website. + +I guess this may all be ok but on the strange vs ok meter I'm 80-20. In the strange department: a) the price b) that someone so quickly would go so high above the passed in amount in current market c) the alleged competition for it d) all the people that couldn't get the $1.05m place yet were allegedly prepared to pay more for it e) the long and detailed email to me and timing of it (why not just tell me he was happy with price and let me know if he can do anything for me?) f) the fact that it is still listed as rental on two places g) the front of the property looks great and yet the rental photos don't show it, like they are trying to make out it is something different from the 'under offer' property h) it's a different rental to selling agency. + +I have a pretty good bullshit detector and while all of this could theoretically be right, it doesn't sit all that well with me. Any reasons why an agent might do this or am I just being a cynic? +I am the best-selling author of [101 Ways to Save Money on Your Tax - Legally!](https://www.wiley.com/en-au/101 Ways to Save Money on Your Tax Legally%21 2020 2021-p-9780730384632) (now in its 10th edition) and am widely sought by the media for my views on tax, superannuation and financial issues. Under my [Mr Taxman](https://www.mrtaxman.com.au/) moniker I run a COVID-19 proof, award-winning accounting practice remotely in Melbourne after learning my craft originally at Deloitte and Pannell Kerr Forster some 30 years ago. + +Following the tragic passing of our daughter ~Sophie Cleo~ in 2008, I left practice to spend a decade in academia and was an Associate Professor at Deakin University as the course director for their financial planning programs and the inaugural director of Professional ＆ Executive Education (Domestic) at the Deakin Business School. I am the former chair of the Association of Independently Owned Financial Professionals (AIOFP) and of the Financial Planning Academics Forum (FPAF) and had a [number of research articles](https://scholar.google.com.au/citations?user=tZJOKsIAAAAJ) on audit, tax and superannuation published in some of the world’s top academic journals. + +Although I have more letters after my name than the alphabet (B.Bus, CPA, CTA, FCA, FIPA FFA, F Fin, GAICD, MBA, PhD), academia is not something that I am passionate about hence my return to tax & business consulting last year. In December 2021 I will become the new General Manager of [AFL Masters](http://aflmasters.com.au/), a part-time role that I would be in now if not for COVID19. This follows a lifetime in the sport including being lucky enough to play in 6 Tests for the Australian AFL Masters team against my family’s native Ireland and I still rub my eyes in getting to play in one EJ Whitten Legends match back in 2009. I am a GWS Giants fan and a passionate Rabbitoh. A quick Google search & you will find see that my alter ego is one of the [top SuperFans](https://www.youtube.com/watch?v=ikxkEj-meww&feature=youtu.be) in world cricket. + +For the past 12 years I have devoted my life to raising much needed funds for my charity [Bears of Hope Pregnancy & Infant Loss Support Inc](https://www.bearsofhope.org.au/people/adrian-raftery/) to help the 2000+ families each year when they need help the most. My fundraising over the years has seen some fun challenges such as running the Sydney marathon in a leprechaun outfit to growing a big bushy [Beard of Hope](http://www.beardsofhope.com.au/) to [trekking Kokoda](https://www.bearsofhope.org.au/events/kokoda-trek-2020/). I would love for you to join me in our virtual [Choosing Hope Walk](https://choosinghope.com.au/) during this month. + +In short, I am an accountant with a personality! + +Thanks for joining into this AMA. Remember there is no such thing as a stupid question so ask away if something is burning inside you that you want answered. + +Feel free to make contact with me via [LinkedIn](https://www.linkedin.com/in/MrTaxman/), [Twitter](https://twitter.com/MisterTaxman) and [Facebook](https://www.facebook.com/MisterTaxman/). +https://www.theaustralian.com.au/business/property/us-buildtorenter-greystar-swoops-on-south-melbourne-site/news-story/ + + US build-to-rent specialist Greystar has swooped on a major site in Melbourne that can accommodate more than 700 units, with the acquisition signalling the sector will keep firing even as developers struggle to sell apartments. + +Build-to-rent is being promoted as a means of keeping the development industry ticking over while apartments are hit by the coronavirus crisis and also as a longer-term way of housing a generation of renters. + +Big institutions, including GIC, which is backing Grocon’s Home brand, and the Clean Energy Finance Corporation, which is backing Mirvac’s Australian Build-to-Rent Club, are moving to get a foothold. +In the latest play, Greystar has picked up a South Melbourne site from Singaporean developer Chip Eng Seng for $65m. + +The vendor had held it for four years and planned three towers comprising more than 700 residential units. + +But construction works have not yet commenced, and the property at 15-55 and 85 Gladstone Street was sold to Greystar with vacant possession. + +The Singaporean company said it would redeploy its capital to pursue opportunities that could generate better returns, taking into account the impact of the COVID-19 pandemic on real estate in Melbourne. + +Chip Eng Seng said it had been steadily increasing its portfolio in Australia, including the acquisition in 2018 of a Pirie Street property in Adelaide for redevelopment into a Hyatt Regency Hotel. + +Greystar earlier this year bought two office buildings in the inner Melbourne suburb of South Yarra for redevelopment into projects aimed at institutionalising rental housing supply. + +The firm sees the Australian rental housing market as notable for its lack of purpose-built, professionally managed products, as renter demand has primarily been met by private owners of build-to-sell units. + +Greystar and rival North American groups including private equity firm Blackstone, specialist Sentinel Real Estate Corporation and diversified Oxford Properties Group have moved into the nascent Australian market. + +Sentinel is involved with three projects in Perth and Oxford Properties has projects in Sydney and Melbourne, giving it a build-to-rent pipeline in Australia of about 1000 units. Blackstone is backing a project in the Melbourne suburb of Caulfield. +They are partly capitalising on the retreat in offshore buyer demand and financing challenges for apartment developers who are now under pressure to sell stock. + +Greystar plans to develop office space and more than 500 rental units at the South Yarra properties and is likely to follow suit in South Melbourne. +Chris Key, managing director for Greystar in Australia, has emphasised that the new entrants want to bring better service and amenity to renting as well as providing longer tenure. + +“Institutional rental housing can help to solve this issue and provide the housing security that people need. We are committed to the opportunity to establish a new institutional asset class in this country, by creating purpose-built, professionally managed rental housing and providing better housing outcomes overall,” he said. + +Local players are also betting on the sector. +Real estate fund manager Qualitas and high-profile developer Tim Gurner this month unveiled a partnership to enter the multi-family housing sector and launch of capital raising for a dedicated fund. +The vehicle has an initial pipeline of three seed projects with total value of over $1bn in prime inner Melbourne locations, with building kicking off early next year. + +An analysis of the sector by real estate firm JLL shows that at a city level, Melbourne has had the strongest growth of build to rent units, accounting for 68 per cent of the pipeline with Sydney is at 21 per cent. JLL expects 7,000 units to be completed by 2024. + +JLL director of alternative investments, David Hill said the availability of scalable sites in Melbourne contributed to the weight of the development pipeline but he also pointed to the influence of tax schemes. + +“Sydney remains highly competitive for sites. However, we expect the pipeline to build in response to the tax measures announced by the NSW government which will make BTR development and investment within the state more viable,” he said. +In total I will inherit around £50k. + +£21.7k I should receive by the end of this month. The rest will be some time next year. + +This is already more money than I've ever seen. + +My situation: +I rent with my partner. We are in our mid-twenties. I have my half of a three month emergency fund saved up. My first action will be to create a 6 month emergency fund for both of us. Have been following the flowchart for years. + +After that, the world is my oyster, so to speak. + +I work part time but am about to start a new job that will cover my monthly outgoings and leave me some money to save at the end of each month. +I used YNAB to track my spending and savings. + +We are looking to get married in the next couple of years. + +I have a lot of travel plans that I have always wanted to do but due to finances and The Event, have never been able to do. So that is a high priority for me. + +Neither of us are interested in buying a house for the sake of it, although I do want property eventually. We share the goal of owning some land, building ourselves somewhere to live, and setting up a little glamping type set up for income. + +So life goals: +Travel +Eco-home/land +Marriage. + +Would be interested to hear your input. + +Edit: +Obviously I'm going to take some family out to dinner. Buy my girl that Nintendo Switch she's been wanting etc. But nothing to frivolous. Not the material sort. +So am I the only one who is concerned about the increasing rate of consumer credit growth? Sure. people are more confident and lenders are lending more, but I don't see fundamentals, like wage growth, really justifying credit growth. + +This situation makes me very concerned about financials and the market overall. +Hi! + +I've already set up a watch list for some markets I wanted to explore (India, South Korea, Mexico, South Africa, Singapore, Taiwan) and I'm not too sure how to do my due diligence on these. + +What should I be looking for in my research? I mostly looked up some ETFs but mayby I should be investing on the actual exchanges. and depending on the depth of research I might need to limit what I actually invest in. + +I'm guessing I would need to research politics, diplomacy and exports? +Well, no they did or they did not, but no one would come to know about it. That is the beauty of the Monero blockchain - it is truly private. They may have bought, they may have sold it all, but there is no way anyone call tell what they did with their own funds. + +In an age where big governments and corporations exceedingly look to infringe upon people's privacy, and where most aspects of financial privacy are already non-existent for a lot of people, Monero is one of the few technologies that puts power back in people's hands and enables them to secure their financial privacy. + +Monero has a private blockchain, that means no one can look into the blockchain to see which address is spending how much. For example, [this](https://localmonero.co/blocks/tx/568c987851d9043eb905e68d6e9c7c4759f8cf1badba280a4608aab9c75f27e6) is a Monero transaction in the latest block. Just looking at the transaction, no one can see how much is being transacted, and who is transacting them. + +Even if you know someone's Monero address, you cant see how much they have sent or received. Only the address owner has a special view key that enables them to access the account and see how much funds they have received and their transaction history. +Hi, over the entirety of my life my dad has been the main earner of the house, supporting me through university, had bills sorted and everything. Today, it has come to my attention that sadly he doesn't have much long left, and i have concerns around how things are going to progress once he is gone. + +As things go i aim to have a conversation about finance and "the future" but as you can imagine its a hard conversation to initiate. I am aware he has a "death in service" scheme through his employment, and life insurance through his mortgage and house insurance, which potentially means the mortgage is going to get paid when he passes. But in terms of Bills, ensuring my mum is able to keep the house going with her part-time job Do you guys have any resources or information about preparing for these changes, managing personal finance, and ensuring things go as smoothly as possible. + +Selling the house and downsizing isn't really something we want to do at the moment, so I would like to help out where I can to oversee this transition with the loss of my dad when he passes. + +I am currently living with my mum, dad and sister, but hopefully plan to get my own place eventually. Currently in a stable Job with a modest salary for my age. But lots of uncertainty is ahead of me and i'd love as much advice as i can get. + +Thanks + + +Edit: Thank you for all the helpful responses. I will send a follow-up if necessary later down the line, but for now i will take on board all of your advise and keep this thread as a reference. This is the first time ive used reddit for something like this and its been very nice being able to see different viewpoints and support. I cant possibly respond to all of these comments but please know i am entirely grateful. +Whenever there's a new post from a beginner about books he/she should read to learn more about investing etc, everyone recommends books like The intelligent investor, you can be a stock market genius etc.. + +I was able to get my hands on one of those books. I started reading, but after a few pages, you'd realize that you don't understand these books because you have no accounting knowledge, no knowledge of macro economics etc etc.... + +The only solution to these problem is there should be a structure to learning about investing instead of having multiple random books thrown at you. + +For example in math class, the structure is: + + Introduction to algebra + + Intermediate algebra + + Calculus 1 + + Calculus 2 etc + +The idea is that you can't jump to calculus 1 without knowing algebra + +I think there should be a clear structure when it comes to learning investing as well. e.g + + Learn accounting principles + + Learn micro and macro economics etc. + +I'm a beginner and i feel so frustrated because there is no guidance, everyone says the same thing...like read The intelligent investor. + +I and thousands of beginner investors would really appreciate it if someone took time out of their busy schedule to create a structure for beginners like myself. + +If you know very good beginner friendly books as well. Please share. + +Thanks for reading. + +I finally put a stop order on my nflx shares and sold this morning after making just under 3x my initial investment. I was thinking of taking my initial investment and looking at Spotify. I realize I can't get in on the ipo but was wondering what thoughts r/stockmarket had on this if any. My assumption is there will be a lot of volatility early on. + +Just as background, NFLX was the first and only individual stock I've ever bought. All other investments are handled through a fiduciary advisor in etf's, index funds etc. This is really just fun money I guess that I did well with and since I do believe streaming will only get bigger and that Spotify is the big player, figured I'd look into it. +She has gone silent ever since this whole thing exploded. Furthermore, according to CNBC today: + +Howard Fischer, a former Securities and Exchange Commission lawyer, told CNBC, “Given the speed of the government complaints and the indictment, it seems likely that former FTX employees (most likely those in senior positions) were cooperating with the authorities, most likely in exchange for leniency.” + +“With a large case like this, there is often a rush to be the first one in the prosecutor’s door, because the value of cooperation diminishes rapidly if all you can offer is a duplicate of what the authorities already have,” said Fischer, a partner with the law firm Moses & Singer. + +Fischer, referring to former Alameda CEO Caroline Ellison, said, “While it is not known yet if that is the case, or who might be cooperating at this point, I would not be surprised if Ms. Ellison was one of the first person’s seeking to help the prosecution.” + + +Tbh it doesn't surprise me if true. Besides, SBF has already taken a few shots at Caroline, probably because he already suspectes of her collaboration. + +If true, SBF will take the heat and she will walk out free for the most part. Although seeing SBF get prosecuted for his fraud feels good, I will be mildly annoyed if she gets to live the rest of her life as if she didn't willingly screw over so many peoples lifes. + +Edit (from CNBC): Caroline own lawyer is the former co-head of SEC’s Division of Enforcement, and she knows how the system works and how to work it to her client’s advantage. +Right now I'm working for a subcontractor making $44720, just got offered a promotion which will switch me over to the main contractor and they only offered $44800, I looked through the benefits package and there's not enough there to switch just based off the pay and benefits, but the subcontractor I'm currently with has some issues I can't tolerate for much longer. First off, is that even normal? They offered it yesterday and I got an extra day to consider, so I shouldve posted this yesterday but I didn't think about it. So help? Do i just ask if theres a window of negotiability here? Ive never done this before, even when i started they seemed to be the type who just try to talk fast and overwhelm you to the point that you cant get a word in, much less a negotiation. this is my first job out of college, thus my complete lack of knowledge on how to deal, thanks for any help. + +Edit: i know it's annoying but I can only give out so many details, trying to keep my security clearance. +[https://www.bbc.co.uk/news/business-53935933](https://www.bbc.co.uk/news/business-53935933) + +I saw this article on the BBC and it was something I had no idea about. + +In 2002 the government set up savings accounts for newborns which can be accessed once those children turn 18. It was done automatically so many may not even know it exists. + +So if you were born between September 2002 and January 2011 you're in luck! +Let's say they gave an interest free personal loan with good repayment terms , would you consider it a worthwhile benefit in addition to salary ? + +Edit : if it's an interest free personal loan above £ 16,000 , is it worth it ? +My brother-in-law and his wife recently decided they need a new car. She is pregnant and a stay at home mom and he works on a military base. She is not allowed to drive him onto the base for work each day, which means they cannot easily share a car. She needs to get to doctors appointments and such, and her 2011 Focus with 170k miles was on its last legs. + +So they drive down to the local big name car dealership and proceed to get scammed hard by a sleazy salesman. They are both really shy and quiet, and I’m sure they just got completely worked over by this guy. He sells them a used 2020 Dodge Journey with 50k miles for about $29k. On top of that, he sells them nearly $10k of additional warranties - $5000 for a 7 year powertrain, $1000 for gap insurance, $2000 “service”, and a few others. They put $4k down and traded in the old beater and the total monthly payment comes out to over $450. They never even sat in the vehicle, just looked at it. + +If this all sounds insane, it absolutely is, but just a little backstory - BIL is autistic. He was barely functioning for most of his childhood. Doctors said he would likely live in an institution for his whole life. With a bunch of medication and a whole lot of love and attention, he managed to live a normal life, go to college, get a decent job, and get married. But he’s a little weird and a few years behind where he should be in maturity. He wanted to feel like a responsible adult and buy his wife a car. She kept insisting it was way too much money and they couldn’t afford it. He kept saying “Just trust me, I know what I’m doing.” Spoiler alert: he obviously had no idea what he was doing. + +So, 5 months later, they embarrassedly confess to the family what they did. They hate the car. It doesn’t even drive well and a bunch of crap on it is broken already. It gets terrible mileage and they can’t afford the gas. It’s a financial drain and they are worried about being able to afford the child on the way. They sent me all the documents they signed when they bought it and I’ve been looking it over. As far as I can tell, there’s not a ton they can do to get out of this thing. Only the gap insurance is refundable. I called the dealer to see what they could do and they had me help my BIL and his wife set up an appointment to take the car in to get it appraised. To nobody’s surprise, it only appraised at $19k. They paid $39k and still owe over $33k on it. + +What’s the best way out of this thing? Are they just stuck with their huge financial mistake? Is there any legal action that can be taken for this predatory lending? + +Edit: I realize the word “scammed” is probably a bit excessive in this case. They got what they paid for, if it was likely a bit more expensive than necessary and they likely didn’t need all the warranties they got. They got taken advantage of. + +Also, I realize that $19k is not the actual value of the car, but just what the same scummy dealership is willing to pay for the POS they sold just a few months ago. From what I’ve seen online, it’s closer to $25k or so, so they are not as underwater as we thought at first glance. +That's what i think anyway. When the richest man in the world comes out and essentially signals to the world that he has more faith in BTC than he does USD it makes me think we are just getting started here. + +When institutional fomo hits it will make 2017 look like a speed bump. + +So enjoy your Tesla if you want, im gonna HODL + +EDIT: for those who havent heard the news: + +https://twitter.com/elonmusk/status/1374617643446063105 +To benefit from the drop, what projects do you suggest are at a good price to buy-in right now? + + I would recommend +- Ethorse (HORSE) https://www.ethorse.com/ and +- Streamr (DATA) https://www.streamr.com/ + +Why? Obviously low priced at the moment and of course good team, progress, project, DYOR, etc. +# Daily Wrinkle Brain Think Tank + +Please keep this daily discussion limited to the stocks and $GME - i.e. stock movements, sharing information, peer review, news sharing, asking/answering questions, and so on. + +# 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) + +If you see mistakes in the wiki, or need to contact moderators, [please send us a Modmail](https://www.reddit.com/message/compose?to=/r/Superstonk). + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +Just wanted to say thank you to some people in this community who have helped me with tips and advice towards buying my first house. + +The contracts were exchanged today and I’m moving in tomorrow! + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +So I currently trade stocks, manually, using RobinHood. I mostly just pick stocks that are going up and sell as they peak or I've made a decent percent profit. I was making money until the news announced the China-US tariffs at which point my stocks took a big hit. + +As a result of market volatility I became interested in automating trading strategies as a way to limit losses/minimize bad decisions because of emotional lows. + +I just was wanting some advice and book recommendations for someone who is wanting to start a a low mantainance automated trading system in a few weeks. Should I expect to build my own code or are there basic trading code that are open source that I can tinker with? Do you need a desktop computer to be running all the time for the auto trading strategy to work? + +Tl;dr: Just a noob to the algo trading world looking for some advice and guidance getting into algo trading. +could you please explain to me which statistical techniques have signal processing in common with algo trading? + +I'd like to read a few topics. Can you tell me the names of the topics to search on google? + + I thought of this thing thinking about Reinasence hedge fund that does 5% per year no matter what recession or not +Simple question: why go through the hassle of setting up your own database and API when you can access someone else’s, like Alpaca’s? + +Edit: You guys rock; what an awesome community. I’m new to AlgoTrading and trying to understand some of the architecture benefits. I’ll summarize the key takeaways that i see in the comments for why to use a Database: + +- Speed. Can avoid rate-limit issues and its faster than an API request. Bypassing this bottle neck enables faster processing +- it keeps data under your control. Changes to APIs do not required full refactoring, just reworking your DBs data source. +- Allows you to store whatever you want: technical analysis results, portfolio holdings, etc. +- Data quality. Once the data is in your DB, you can manipulate it to ensure it is error free + +There are a few comments about using a local storage solution that seem valid as well. The main benefit i see to the remote DB is the availability of the data. The remote DB allows you to access from multiple end-points, and is less likely to experience outages than your own computer. Which is right for you will depend on your use-case +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? +My aunt, who is in their 80’s, is worried about running out of money, so she asked us to pay the maintenance fee for their apartment in NYC. In return we would receive the apartment free and clear when they passed away. Seemed simple enough at first and a good investment. + +However, my aunt said in passing that with our help she would have enough money for 6 years. If she reached that point she would be broke except for the apartment which she would have to sell with no regard to our arrangement or our investment. Needless to say the deal fell apart at that point. + +Now she’s back and asking us to reconsider. She has offered to put the property into a irrevocable trust, to insure that it transfers to us when she passes. +