diff --git "a/reddit_finance_43_250k_402.txt" "b/reddit_finance_43_250k_402.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_402.txt" @@ -0,0 +1,10000 @@ +At the end of the day, keep this as simple as possible. If something doesn't feel right, dont do it. I hope this gives you the push you need to get started, and help someone out there. +So I went to my local hole in the wall Chinese place yesterday and i overheard them talking about getting a Tesla. One can assume that one Chinese place can represent the whole Chinese population. Therefore, i believe Tesla’s will be in hot demand in China and therefore I am plunging all my savings in Tesla Stonks. + +Edit: You retards have convinced me to instead go with options, blasting off in 5. +Hello! + +So my SO just inherited ~200k from a family member and it's causing her a lot of anxiety. She had planned for about 5k, and well...got a bit more. + +While this is probably a good problem to have, we both grew up relatively poor (I don't think anyone in my family has even heard the words 200k before), so we both don't have much to stand on. Also, I make about 50k in my job, she's somewhere around 35-40k. + +Here's what we briefly talked about with doing with the smaller sum, and I figured we'd stick to that: + +We both have some student loan debt with high interest rates (10% for me, 7.8% for her), they're both small at this point (<5000), but we both figure it'll help us in the long run. Paying these off seems the most intelligent and likely outcome. (We both do have more loans outside of that, but we're both up for public service loan forgiveness due to our field) + +She bought a new car, as mine is getting beyond old, and we both walked through the process of finding a car that will serve us well for the new 10 years. Paying this off doesn't seem too much of an issue. + +She has a small amount of credit card debt, so that'll probably be the first to go. + +Outside of that, we don't have a house payment (due to our field), and I'm debt free (Once again, outside of student loans). We don't see ourselves buying a house in the next 5 years, although we do see a wedding on the horizon. + +Thoughts? Even if we spent all of this money on our loans/the car, we'd still at least have 50+k left, and that's being incredibly conservative. + +We've talked about stocks, we've talked about savings accounts, we spoke briefly about a financial planner....but we could really use advice. + +Help us, personal finance, you're our only hope! + + +Read full article: [https://www.barrons.com/articles/meta-facebook-mark-zuckerberg-sued-cambridge-analytica-51653322179?siteid=yhoof2](https://www.barrons.com/articles/meta-facebook-mark-zuckerberg-sued-cambridge-analytica-51653322179?siteid=yhoof2) + +Washington D.C. Attorney General is suing FB's Mark Zuckerberg over Cambridge Analytica scandal. Do you think this lawsuit might have adverse effects on Meta FB which has lost 46% so far this year? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include, but are not limited to, general discussion, details related to events of the day, technical analysis, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +Reality is never simple + +https://i.redd.it/ddekvcw90iz01.jpg + +While most of us are familiar with the smooth [bell shaped curve](http://i2.wp.com/smashfly.files.wordpress.com/2014/08/technologyadoption.jpg?ssl=1) of technology adoption, reality is a bit more nuanced and growth is not quite so smooth. For most technologies, there exists a critical gap between early adopters and the early majority \- this is the make or break inflection point that determines whether a technology catches on in the mainstream or stalls out among the fringe enthusiasts. + +**I believe we are approaching this inflection point** + +[Wallet growth](https://etherscan.io/chart/address) \([https://etherscan.io/chart/address](https://etherscan.io/chart/address)\) was strongly parabolic throughout 2015\-2017 and seems to be plateauing to a linear growth pattern in the past 6 months. Some things this might mean: + +* Growth pace is still fast \(about 100,000 wallets a day since February 2018\) but it's stabilized and not accelerating. In 2017, growth went from about 2,500/day in January to about 200,000/day in late December. +* Interest is spreading from population dense coastal and urban regions to less dense, rural regions. Google Trends shows the US cities coasts gained interest in ETH much sooner than the rest of the country but the rest of the country is catching up. I expect this pattern in the US reflects a global trend. +* The early adopter crowd for ETH is almost purely investors and traders \(there are almost no dApps and no dApp usage\). This market may be saturating and without any accessible dApps there exists no way for the majority to engage with Ethereum. As the investor/trader markets continues to saturate, wallet growth will stagnate if we don't see a wave of dApp adoption. +I'm having a conversation with my wife. We have an emergency fund and savings and our own spending accounts. I like the idea of keeping 200-400 in cash around the house in case of ~~emergencies~~ needing cash. She would rather keep it in a secure place (like a bank account). Thoughts? +You bought high and sold low the first time. You listened to the 4chan FUDsters. This is your chance at redemption. Look at the charts. Draw your lines. Asko will rise from the ashes in short order. It has been foretold. +I just got a new job, I make approximately 65,000 a year. I have approximately 110K in student debt. My current bank is PNC, and besides ~4K in savings, and the 6% I put into 401K per month, that's all I really have going for me. How can I make my money work for me? + +Edit: Just wanted to thank everyone for their input. I hope this post helps others. I kind of had the same ideas in mind, I'll start looking at credit unions and try to nuke the loans. The main reason for this post is my mother is constantly asking me to make a property purchase when there's no chance of me even securing a loan for that... I feel a lot better knowing that I'm mostly doing what I can by already overpaying my minimum loan payments. +I’m a college student with a small amount of programming experience and investing experience. I’m majoring computer science as well. The most I ever did of algo investing was a semester long competition in which my team built an algo based on the gold stock. + +Now that my semester is nearing its end, I’m gonna get started on the road to algo investing for the sake of interest NOT to make money right away. I’ve been tracking this sub for months and I’ve grown a genuine interest for this field. I won’t mind paper trading for a few months if it means truly learning this craft to start acting trading real money. + +My capability to understand Python is only because I know Java. Aside from that I’m practically a beginner in Python. I also know of QuantConnect and Quantopian. + +Should I first focus on learning Python and all of its tidbits? Or should I learn algo trading and Python at the same time to slowly mesh them together and get early practice. Also, what’s a good measure to know when I’m ready to start trading real money? +We want to share a list of automated trading strategies after learning lots more from talking with Alpaca Trading API users in our Slack community. We realized there are many use cases for automated trading not just "algo trading", particularly when considering different time horizons, tools, and objectives. It is a long list, so we are dividing this into three parts. + +https://medium.com/automation-nation/ultimate-list-of-automated-trading-strategies-you-should-know-part-1-c9a333f58930 +Hi, + +I've got an upcoming job at a prop trading firm and wanted to know if there was any advice anyone could offer? Such as, YouTube videos to learn/refresh knowledge, finance books (specifically market making) and any websites, etc. + +Any advice will be very appreciated! +Maybe all of those sleazy guys on Instagram who claim to be algo traders, and make it seem like a get rich quick scheme have made me cynical, but I can't get over the idea that algo trading is too good to be true. I'm still interested in trying it out either way because I think it would be a cool project to showcase my skills as I get started in data science, but I'd like to know if I can/should go into this with the expectation of making significant money at some point. Also, I want to make clear that I am not asking if this will make me $10 million by next week, but is it possible that I could be averaging a couple thousand a month a few years from now? +Details here: https://github.com/spesmilo/electrum/issues/4968 + +copy paste from SomberNight in the github issue: + + TL;DR: There is an ongoing attack against users where servers raise exceptions when a + client broadcasts a transaction; in this case the error text is displayed as is in the client + GUI. The attacker has spawned lots of servers on different /16 IPv4s to increase his + chances of being connected to. The error messages are trying to get the user to download + and install malware (disguised as updated versions of electrum).` + +apparently previous Electrum versions allow richtext in error messages sent by the server, so the upgrade warning might look legit to people... + +Always remember to verify pgp / gpg signatures of bitcoin software you install. +2 years of “kicking the can”. +2 years of “MOASS is inevitable”. +2 years of “believing in a company and their mission”. +2 years of “fighting against a corrupt system”. +2 years of “withstanding family and friends”. + +and even more… + +It’s not easy. My wife is telling me ever second day to sell GME and that I should stop hoping. It’s stupid to believe in something that everybody else calls a joke and sees as an stupid investment. +To explain a bit: I went almost all in on GME. I averaged down, but I’m still not break even. But that doesn’t bothers me at all. Second I took a loan from the bank and pumped everything into GME, too 😬 I’ll hold until everything blows up. Not the smartest move but one I think was right. + +One financial advice: don’t invest borrowed money into stocks✌️ + +Nevertheless: I’m still confident that the whole system will blow up and that GME is the safest bet on the planet. + +But with this on my shoulders arguing with family (especially your spouse) is tough and costs a lot of energy. I made it this far, I can go a much longer distance. + +I’m still not willing to sell. I had to sell some shares because I lost my job and had to pay some unexpected bills. Besides that everything is ok. Not super duper easy but it’s manageable. + +Am I willing to lose this money…hell no! Would I sell all my shares pay the loan and chill with a loss…hell no! + +You see, it’s not easy and I think that many other people are in a similar situation. Believing in something no one else believes in is fucking hard as hell. But it’s your decision. You need to be sure about what you want to believe in, because nobody else will do it for you. + +I’m everyday in this sub and check the GME chart everyday too. I do this to stay informed and to understand the development of the situation. No one knows what the outcome will be. This has never happened before. + +To all struggling apes who have resistance in their private life’s: pick a way and stick to it. If you don’t believe in it pick another path and don’t look back. But if you decide to go a path be aware of temptations and resistance. The easy way is not always the best one. But it’s also not always smart to go all in, especially when you are not convinced that it will work. + +This is why people like Steve Jobs and friends were so successful. But don’t get me wrong, I’m not comparing myself to them. Just saying how uneasy their path to success was. + +I’m not sure why I shared this post. It feels like it has no message at all. Sorry for that. I felt like I need to do it. + +Cheers and as always: DRS +I really like the day trading concept and always have. It seems to me a perfect way to handle a volatile market like the one we're in and is a great way to trade considering one can keep themselves reigned in properly. So as post states, what helped you the most before you became heavily experienced. Books? Philosophy? TA? Anything here. Tell me what works for you! +I was with her for 2 years, and honestly, before crypto trading, my life was really boring. + +I work a regular 9-5 barely making bills on time. I'm not saving anything ever, and my only hobbies is her, all she wants to do is watch movies, and I get that. That's not the issue with her, I really don't like judging people. + +About this time last year after talking with a friend, I decided to make an investment into crypto with only $1000. I know that's small beans for most people but It was everything I saved in 4 months. I told her about it, and she was a bit upset that I wasted my money but she got over it. + +_______ + +**Now I have about $10,000 IN CRYPTO** + +- it's very exciting. + +- already cashed out my initial investment + +- cashed out an additional $1000 + +- I put $2000 of my long term aside for day trading. + +- I'm on over 12 exchanges + +- I'm able to make an extra $300 a week playing lower cap coins. + +I've honestly never had so much money in my life, and I'm much happier! Crypto is a real hobby and investment at the same time. + +**But for the past couple months since the Doge frenzy, My girlfriend is Super Paranoid about it, and doesn't understand anything. She keeps telling me not to buy into the meme coin thing even though I told her I never have**. + +**She keeps**... + +- telling me if I don't take out I'm gonna lose all my money + +- telling me to take it all out so we can go on a big vacation. + +- telling me it's an addiction and maybe I should stop and see someone about it + +Now her latest thing is telling me what I'm doing is hurting the environment. + +THIS IS SO AGGRAVATING! + +I must of told her at least 7 times I can't lose my money because I already cashed out a 100% profit, and I'm starting to cash out an additional $200-300 a week swing trading ... and the rest doesn't matter as it's long term. + +Her response? **That's not gonna last forever** + +Who cares if it lasts forever or not. I'm good, I never lost, so it doesn't even matter, and that extra wouldn't even be there if I listened to her to stop a few months ago . + + +But anyway I just figured maybe she misses spending time with me at nights. Woman are very hard to figure out. + +So I decided to do something nice the other day. + +- I bought her few orchids. +(Not the crypto Orchid...the actually flowers). + +- I bought very expensive food to cook, and wine. (With my crypto earnings) + +- I bought her a new bag for the gym +(Here's was starting to rip on the side) +I bought that to with my earnings. + +**I spent ALL DAY yesterday preparing and cooking a meal so I could have it ready by the time she gets home from work** + +We actually had a good time. She was smiling and so happy I did all that for her, we talking about nothing too. It was perfect. We were tipsy, and at the end just as the meal was finished I decided maybe this was a good time to make some moves on her later... + +But before she finished...she just couldn't help her self? + + She ended the whole thing with *I really wish you would stop playing on those crypto apps* + +And then we got into a little picker over it. + +I was SOOOO PISSED! I Felt like the entire mood was killed and everything I did to make a good mood was just nullified. + +So yesterday I simply gathered all my stuff up this morning, went to the bank and withdrew that $1000 profit, I left it on the table for her with a note that said "you wanted to use my crypto earnings for vacation...now you can without me" + +I also changed my number, and today I'm driving to another state to look at a house to rent.. funny thing is, the rent is 1/3 of the price that we were paying here in the city. + +- Now I have the luxury of exploring other jobs without worrying about going broke for rent. + +- Now I can enjoy trading crypto without hearing it from someone that wants to control my life. + +NOTE: what my investment in alts go up another 12x? That's over $100K that's enough for a down payment on a house and will cover 4 years of mortgage payments. It might not get there but what if it does? And if not , what's my loss? Doubled my initial investment? Back to working like I always do? +There's everything to win and nothing to lose for me. I'm glad I left. +Shanghai | China has changed its inspection procedures for iron imports under new rules that analysts say could be used to block Australia's most important export, as trade tensions between the two countries escalate. + +China's Customs authorities said in a notice the new supervising rules, which take effect on June 1, mean customs officials would inspect iron ore at the request of the trader or importer. + +This replaces the previous system where customs officers conducted mandatory on-site inspections of iron ore batch by batch. + +The notice said that "when necessary", customs could conduct toxic element checks. + +It said traders, who are required to submit an import quality certificate, would need to submit an application to customs. Customs would then release the goods after passing the checks. + +The notice from the General Administration of Custom said the changes were designed to "streamline" the procedures to "build a better business environment". + +One iron ore trader, Ji Minlei, said the policy was not targeting Australia but was for all imported iron ore. "I don't think this will have a strong impact on Australian iron ore," the trader said. + +However , the Global Times newspaper warned Australian iron ore imports could also be hurt by the political tensions between the two countries. + +"This is another implicit warning to Australia," the newspaper's English-language website quoted Yu Lei, a chief research fellow at the Research Centre for Pacific Island Countries at Liaocheng University, as saying. + +"It is associated with how Australia has acted, and a general decline in demand for steel on the global level." + +Comment has been sought from the Morrison government and iron ore giants BHP, Rio Tinto and Fortescue Metals Group + +Du Hongfeng, a senior analyst at trading and consultancy firm steelhome, warned the move could hurt Australian imports and rival exporter Brazil would not have these concerns. + +"In order to prioritise the quality inspection of imported iron ore, Chinese authorities made an announcement on the adjustment of the method of inspection," he said. + +"China takes the same position on all imported iron ore. However, Australia is not grateful to China's assistance during the outbreak. Instead they asked for a groundless investigation by following a certain country. Therefore the market will link this to other things." + +"On one hand this will improve the quality of imported iron ore and better protect the interests of related companies. On the other hand these measures will quicken the pace of iron ore clearance. " + +Asked if it would inhibit iron ore imports, he said: "Some Australians politicians are scared because they did something wrong. Brazil iron ore supplies won't have this concern." + +Australia is the biggest iron ore exporter to China, accounting for 62.2 per cent of the country's total imports. +More to come. + +https://www.afr.com/world/asia/china-changes-iron-ore-inspection-rules-in-new-trade-threat-20200521-p54v2y +I've averaged about 62% gain on my investment so I have about $24K in unrealized gains right now. + +I love the company and it's products but I'm pretty scared at what's going on with Elon and all this bankrupsy talk. + +What should I do with my TESLA stock? What would happen to my stock if they did file for bankruptcy? + +By the way, this is a ROTH IRA and this investment makes up about 30% of my portfolio. + +I'm 40 and I'm moderate to aggressive on this portfolio. +The argument is really simple and has been mentioned numerous times on this subreddit. + +There is no where else for money to flow to when interest rates are so low. There is no where else for money to flow to when interest rates are so low. There is no where else for money to flow to when interest rates are so low. + + +Drill that into your peanut sized brain and everything will make sense to you. +I just made a really poor choice today and I feel awful. Like most of us I live paycheck to paycheck trying the best I can to get ahead. Earlier today I just got off a double shift and my brain was on like autopilot mode but I was so hungry since we were so busy I didn’t have time to eat. I have a brand name grocery store near me which I probably shouldn’t name but it’s the closest to me and I do all of my grocery shopping there. I was getting some basic items to hold me over for a few days (bread, eggs, pasta, etc). I finished my shopping and went to the self checkout and after scanning all of my items it wasn’t letting me pay, all I kept getting was error after error. I checked my account and I had less than $14 in it, I felt so deflated that I couldn’t even pay for like $32 of groceries. I was so mentally exhausted after work I just decided to say “fuck it I need to eat” so I paid for what I could pay for and tried to hide a few items that I didn’t pay for under the ones I did. I almost made it through the doors when a store manager stopped me on the way out. I was taken to the side (literally having the exit blocked from me) as these managers went item by item only leaving the few I paid for. Lucky they said they wouldn’t call the police but now I’m banned from that grocery store which sucks since that was the only one in walking distance from my apartment. I know it’s my mistake but in that moment I was so vulnerable, tired and hungry I didn’t know what else to do. Now I’m just sitting here still hungry and tired just thinking about what an idiot I am. +Case in point: DHFL which is now going the bankruptcy route, as far as my uninitiated mind could understand. + +What happens to any shares of DHFL that I maybe holding? Does the stock stop trading after bankruptcy and the share holders get the book value deposited in their trading account? +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. +Hey folks, have any of you been concerned about how you might be putting your eggs in the same basket with your company stocks and your salary being reliant on one entity? How did you work through this, and what factors did you consider? + + +In my case, 35%-40% of my current net worth consists of my vested company stocks (after tax) and after my last compensation adjustment, my annual salary (before deductions) is almost the same as the value of my annual vested stocks (before tax). What's holding me back from liquidating my stocks is that the stocks have been performing super well - it's tripled since I joined 4-5 yrs back and on top of that the depreciation of the INR against USD has also "helped". So if I get my stocks out, where am I even going to invest for similar returns?! At the same time, no company is infallible and if something were to happen, it'll affect my salary inflow as well as my stocks. Am I over thinking this? 🤔 +What do the seasoned players think of Barbeque Nation? + I am a newbie and inclined towards trying investing in IPO for the first time, albeit a minor sum. +So Going thru some Discussion from Ajit Dayal, Quantum AMC and he is quoting Vangaurd also that Index fund in india are not same as US Index fund, + +[https://youtu.be/PEnKz6T9UtE?t=690](https://youtu.be/PEnKz6T9UtE?t=690) + +As per him: + +1. There is something fundamentally wrong with Indian index fund. (amount of churn etc). +2. It's different from developed country Index fund. + +&#x200B; + +SO what is really different with index funds in India ? Cons in India as compared to US or any developed markets ? +Curious, now that smallcases has allowed listing of cases by sebi registered analysts, how do they stack against MF? Eg: this case by Minance has 5000 rupees as annual subscription fees. Are there similar quant based MF? I know only of DSP quant. https://minance.smallcase.com/ +Pardon my ignorance, but can you kind people please throw some light on how folios work and how should one decide whether to have multiple folios or a single folio when it comes to mutual fund investments for instance. +Curious, now that smallcases has allowed listing of cases by sebi registered analysts, how do they stack against MF? Eg: this case by Minance has 5000 rupees as annual subscription fees. Are there similar quant based MF? I know only of DSP quant. https://minance.smallcase.com/ +As per latest update from Franklin's closed schemes, Franklin is giving an option to vote between it's trustees and Deloitte to liquidate underlying assets in 6 schemes. + +https://www.moneycontrol.com/news/business/personal-finance/franklin-templeton-crisis-affected-investors-to-vote-and-decide-if-fund-trustees-or-deloitte-will-liquidate-the-schemes-5323511.html +Hey /r/IndiaInvestments! I was wondering what banks people lean towards and the reason behind sticking to that bank including interest rates / good cards. + +Thanks! +I had applied for the Paytm IPO from my broker RKSV Securities India Pvt. Ltd. (Upstox). + +But I never received the 'Bid Details of IPO' email from BSE which contains the BID ID and application number. + +Therefore I am not able to check the application status of the IPO on the BSE [website](https://www.bseindia.com/investors/appli_check.aspx) + +The application number shown in Upstox is some alphanumeric code like 17r53bb9337475g + +This is not accepted on the BSE website. + +I enquired with 2 others who use Upstox and none of them got a valid application number or a bid confirmation email from the exchange as well. + +I tried applying for 2 IPOs from my second broker Fyers, and I instantly got the numerical 7 digit application number from Fyers and also a confirmation email from BSE from [bse.ibbs@bseindia.in](mailto:bse.ibbs@bseindia.in) with my bid details. I was also able to check the status successfully on the BSE IPO website. + +This makes me question if Upstox is actually placing a customer's bid or not. I have successfully completed the UPI mandate and Upstox support claims that the bid was successful! + +How is your experience? Have you ever received an email from [bse.ibbs@bseindia.in](mailto:bse.ibbs@bseindia.in) after you have placed a bid for an IPO? + +After reading a lot of user reviews for Upstox recently, I would not be surprised if it turns out that they were not filing my IPO applications all this while. +I have carefully choose around 50 companies and bought direct stocks worth of 4 lakhs on Zerodha. Method of my selection used to be some news first, then tickertap and moneycontrol check of its revenues, PE etc. My stocks are 50% large cap, 25% small cap, 25% mid cap. + +I also invested 10 lakhs in 4 different types of index funds (Nifty 50, Nifty next 50, Midcap 150, and PPFCF) + +Now my issue is as market is going down, I see that my faith on my own direct stock buying is shackling. I don’t know if I should exit from all direct stocks and put all that money in Index. +So far my stocks are still 1% positive, but I am not sure if I have bought them at right price earlier. +One of the guys i asked has auto\-redial app. Which is set to 1000 & blasts the traders back with calls :P Jai Jio!What systems can i set so that i dont get spammed?Any quick fixes & big imputs will help :\( PLEASE LET ME KNOW. +Case in point: DHFL which is now going the bankruptcy route, as far as my uninitiated mind could understand. + +What happens to any shares of DHFL that I maybe holding? Does the stock stop trading after bankruptcy and the share holders get the book value deposited in their trading account? +Hey /r/IndiaInvestments! I was wondering what banks people lean towards and the reason behind sticking to that bank including interest rates / good cards. + +Thanks! +Im thinking of buying a new car and attaching it to OLA or Uber (or both) for passive income. I plan to get a new taxi, hire a driver for it have the car run 12 hours a day. If its possible it seems feasible I ll also hire another driver for the same car to run it for even longer. But my concern is that the main reason this scheme is lucrative is because of the incentives these companies provide. You get 4.5k for completing 12 rides, 250 for each ride completed on peak times etc. Is this a reliable investment? I dont wish to give the car's EMI out of my pocket once their incentives stop. I just want opinions maybe, just too confused at the moment. +EJiq4wqm6wTeOa92Ep2ef3x1YA3PJCpoYUydvSEjlpDOlhghd5n14GzNzRtUI5EJiq4wqm6wTeOa92Ep2ef3x1YA3PJCpoYUydvSEjlpDOlhghd5n14GzNzRtUI5EJiq4wqm6wTeOa92Ep2ef3x1YA3PJCpoYUydvSEjlpDOlhghd5n14GzNzRtUI5EJiq4wqm6wTeOa92Ep2ef3x1YA3PJCpoYUydvSEjlpDOlhghd5n14GzNzRtUI5EJiq4wqm6wTeOa92Ep2ef3x1YA3PJCpoYUydvSEjlpDOlhghd5n14GzNzRtUI5EJiq4wqm6wTeOa92Ep2ef3x1YA3PJCpoYUydvSEjlpDOlhghd5n14GzNzRtUI5EJiq4wqm6wTeOa92Ep2ef3x1YA3PJCpoYUydvSEjlpDOlhghd5n14GzNzRtUI5EJiq4wqm6wTeOa92Ep2ef3x1YA3PJCpoYUydvSEjlpDOlhghd5n14GzNzRtUI5EJiq4wqm6wTeOa92Ep2ef3x1YA3PJCpoYUydvSEjlpDOlhghd5n14GzNzRtUI5EJiq4wqm6wTeOa92Ep2ef3x1YA3PJCpoYUydvSEjlpDOlhghd5n14GzNzRtUI5EJiq4wqm6wTeOa92Ep2ef3x1YA3PJCpoYUydvSEjlpDOlhghd5n14GzNzRtUI5EJiq4wqm6wTeOa92Ep2ef3x1YA3PJCpoYUydvSEjlpDOlhghd5n14GzNzRtUI5EJiq4wqm6wTeOa92Ep2ef3x1YA3PJCpoYUydvSEjlpDOlhghd5n14GzNzRtUI5EJiq4wqm6wTeOa92Ep2ef3x1YA3PJCpoYUydvSEjlpDOlhghd5n14GzNzRtUI5EJiq4wqm6wTeOa92Ep2ef3x1YA3PJCpoYUydvSEjlpDOlhghd5n14GzNzRtUI5EJiq4wqm6wTeOa92Ep2ef3x1YA3PJCpoYUydvSEjlpDOlhghd5n14GzNzRtUI5EJiq4wqm6wTeOa92Ep2ef3x1YA3PJCpoYUydvSEjlpDOlhghd5n14GzNzRtUI5EJiq4wqm6wTeOa92Ep2ef3x1YA3PJCpoYUydvSEjlpDOlhghd5n14GzNzRtUI5EJiq4wqm6wTeOa92Ep2ef3x1YA3PJCpoYUydvSEjlpDOlhghd5n14GzNzRtUI5EJiq4wqm6wTeOa92Ep2ef3x1YA3PJCpoYUydvSEjlpDOlhghd5n14GzNzRtUI5EJiq4wqm6wTeOa92Ep2ef3x1YA3PJCpoYUydvSEjlpDOlhghd5n14GzNzRtUI5EJiq4wqm6wT +Long story short, things didn't work out and I was given the ring I purchased back. +It's a white gold band with half karat diamond +it also has the wedding band included. +I took it to a "We buy gold" shops and was offered about 140$ for the gold. +I paid 2,500 I know the price was inflated but I would like to get a little more back. + +I'm in minor debt, around 2,000 and would like to pay a chunk of this off. + +Any help on what would be the best way of selling this? + +Edit:I know, I'm young and dumb and learned the hard way. I received way more responses than I thought I initially would and would love to read them all but I really do appreciate the advice... I'll start with craigslist. + +I'm a bit of a goon, not really worried about somebody attempting to steal this from me in public. + +Edit 2: Many requests for picture of the ring... here ya go imgur.com/SuOyBwp.jpg +not sure if it auto hyper links +We relocated three years ago for my wife's dream job making 85k. I had recently lost my job of 80k. Two kids school age, we purchased a house 10 months ago. +My current job pays 40k retail. My wife was asked to resign. Long story. For her to get a job commensurate in pay or better we would have to relocate again. +Monthly bills @ 5k mortgage included. +30k in cash +How long do I wait before listing the house? I don't want to move at all. I love our new environment. +We don't know where we are going, if the house sells quickly then what? No family in the area. +Just sad. + + +I think it's a given we're going to see some big moves within the next few days, whether that's up or down we don't know though - bring on the volatility either way. Whilst I have my doubts that we will see the **actual** MOASS (*I'll come back to this*) - I figured I'd write this post now while I can. + +*younger ape here, I'm genuinely a smooth as they come too so bare with me on this one.* + +There seems to be A LOT happening this week and if /u/gherkinit 's futures theory is correct, the SHFs will need to cover 186m more shares before the 17th - My question is, and this might actually be my first ever wrinkle being added here. Why make this so public on websites like Yahoo etc? They know we're aware they might initiate a fake squeeze - yes January was the first but these guys are fuckin nuts - so what if this is to trick us into getting one over on them and selling at around $350-$500 THINKING that it's only a fake squeeze and that it'll drop back down to $120, or maybe even lower. What if them showing the float as a certain amount is to get us to slow momentum as THEY KNOW this week could well and truly trigger the MOASS if everyone continues doing what we do best, HODLING. + +That said even if we do see prices go way higher, I'm talking $7k+ (imo the true value of the stock) - That still isn't MOASS though, so here's some things to take into consideration: If this site doesn't get attacked during the MOASS it will likely be so stressed from the amount of people FOMO'ing in that it'll crash anyway. Expect to be in the dark when this shit happens. It's almost certain we won't be able to communicate here and even if we can, it'll be within an absolute sea of shills. Expect pure psychological warfare, you won't know right from wrong anymore - We've seen this A LOT recently but it's not over yet.. I believe they're still yet to attempt at dividing us like never before. + +Don't jump onto Youtube for advice when the MOASS kicks off either, we don't know that people like Bruce, AndrewMoMoney etc. aren't paid shills. Whilst it seems stupid even mentioning them here anymore I understand some people still watch them. I mean, the fact they love subscribers and donations so much is an obvious sign they could be bought out, right? Don't put anyone on pedestals at all, no matter how sweet you think they might be. As much as it hurts to say, this also means DFV and any mods here. Money can make people weird. + +Discord's might go down too, either way the shills will be out in full force. It's going feel like you're totally on your own, that's how the HF's will want you to feel. But you won't be. Millions of us across the planet will be holding with our diamond balls alongside you. This short squeeze is is going to last days on end so you do not need to worry about missing out if you hold shares. If it goes up to $1k and back down within 24 hours, it's not the MOASS - Mainstream media is going to try and convince you otherwise though. So expect a fake short squeeze, this will be the true test of your diamond hands. **The largest spike will not be the first one.** + +We've spent months and months reading some of the most beautiful DD ever, looking at pure shit tier memes, supporting each other and helping each other learn about the stock. Why? Because we fucking love the stock. Have we done all of this to sell a single share on the way up and for anything under $1k? Hell, $100k? Fuck no have we. We've been waiting for what feels like forever, the floor is in the millions now, but it's coming; we can all feel it. All you need to do is the same damn shit you've been doing since you bought your first share. Just HODL, it'll be hard when you see the stock rocketing into the hundreds of thousands but you can do it. + +I love each and every one of you smooth brain retards and I'm truly going to miss you all once this finally pops off. + +It's been an amazing journey, and whilst I said this in a previous post - In a lot of ways I'm glad it's not quite over yet. It's been the best 9 months of my life! +If anyone has any more things to add, feel free to let me know in the comments and I'll add them here. + +TL:DR: Expect a fake squeeze even though we had one in Jan, buy, HODL and **BUCKLE UP!** +Hi all, I've been thinking about my career as maths teacher and needed advice from a financial standpoint. I've been thinking about moving abroad but I can't tell whether that's a good decision financially. + +I currently teach in London and am on roughly £32k a year. My take home pay is roughly £1800 pm and roughly £800 goes to bills. +My salary in London if I stay would go up £2k a year (keeping it as simple as possible) until I reach about £40k in about 3 years. +Then progression after that is a lot slower. +I pay into the teachers pension, which is a defined benefit. This means that as a pension I basically get a salary per year based on how many years I pay into the scheme. The more years I pay into the scheme means the higher my yearly pay on the pension will be. +With the £1000 I have leftover every month, I usually put 600 into my s&s isa and Lisa. + +If I move abroad then I lose the following: +1) ability to invest in s&s isa and Lisa +2) pension + +Now if I move to dubai then the starting salary is around £38k and that's tax free. I also imagine that cost of living is very similar to London. + +The question is, does the higher wage per month offset the fact that I'd lose the pension and ability to invest in a Lisa and isa? +Hi There, + +Currently looking to buy my first car, aged 24. Keeping it simple, buying a 4-5 year old fiesta. + +At my local Ford Franchised dealership, the spec I'm interested in is going for about £7000. However, at some local independent dealerships I can get a higher spec for that money, or get the same spec for about £6000. + +Is it worth the extra approx 1K to buy from a Ford dealership? Also on a side note, is it okay to mix payment methods, paying 1K on a credit card and the main bulk on debit card? + +Thank you +There was a condition in my crypto exchange that said "Deposits from Smart contract are not accepted". I just checked EtherScan and then I realised my transaction was indeed using a contract . I lost 0.198 ETH which might not be much for a lot of people but for a guy who doesn't earn much from a 3rd word country is a big pain. + +Be careful while you are transacting and know what you are doing. Don't be like me. + +Edit : Since some people were curious here is the Transaction Hash - 0x9b5276fe2f1bc1a54c89476f3362f402b5439a1d75b3c2e7602be20300610a5a + +Edit2 : I found a comment below that you guys may find interesting. Thank You u/alxrq2 . + +"If you purchased ETH on the exchange then it's not going to show on the chain since it's an internal transfer (well, re-allocation) on the exchange. Once you withdraw it from the exchange then it will show on the chain ... welcome to crypto. + +I thoroughly recommend doing some reading on introductory material to crypto before you throw money you care about at it" + +I believe that since my ETHs can be seen on my wallet in etherscan and the transaction was successful my exchange failed to complete the auto-allocation step. Not your Keys not your coins..... something like that. +Federal Reserve Chairman Jerome Powell used the spotlight on the central bank’s Jackson Hole retreat to deliver a blunt message that the Fed will keep at the job of bringing inflation down until it is done and that the fight will be costly in terms of jobs and economic growth. “Reducing inflation is likely to require a sustained period of below-trend growth,” Powell said in his speech to the central bankers and economists gathered at the base of the Grand Tetons. + +“Moreover, there will very likely be some softening of labor market conditions. While higher interest rates, slower growth, and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses,” he added. Fed Chairmen often give the opening address to the Fed’s Jackson Hole retreat in late August. While many of the speeches have been consequential for markets, they have also tended to be long and wide-ranging. Powell broke the mold with his speech Friday with a short six-page speech. + +In it, Powell drove home the point that the Fed has an “overarching focus right now to bring inflation back down to our 2% goal.” “We are taking forceful and rapid steps to moderate demand so that it comes into better alignment with supply, and to keep inflation expectations anchored. We will keep at it until we are confident the job is done,” Powell said. + +On worries about a possible recession, Powell said that he sees “strong underlying momentum” in the economy. Powell said he was pleased with the lower July inflation readings but quickly added “a single month’s improvement falls far short of what the Committee will need to see before we are confident that inflation is moving down.” At the moment, “high inflation has continued to spread through the economy,” + +Powell kept the door open for a 0.75 percentage point interest rate hike in September, saying that “another unusually large increase could be appropriate” next month. But he said the debate over whether to hike by 0.75 percentage point for the third straight meeting or slow to a half percentage point increase would depend on the “totality” of the economic data between now and the Fed’s Sept. 20 meeting. At some point, the Fed won’t be able to keep raising by 0.75 percentage point moves, he added. Wall Street had viewed Powell’s last press conference in July as dovish. Analysts said that this view came when Powell described the Fed’s benchmark interest rate setting – in a range of 2.25%-2.5% – as “neutral.” Perhaps in a nod to the markets view, Powell said in his speech Friday that neutral “was not a place to stop or pause” rate hikes. + +**Full speech here-** [https://www.marketwatch.com/story/feds-powell-in-blunt-remarks-at-jackson-hole-says-bringing-down-inflation-will-cause-pain-to-households-and-businesses-11661522428?mod=home-page](https://www.marketwatch.com/story/feds-powell-in-blunt-remarks-at-jackson-hole-says-bringing-down-inflation-will-cause-pain-to-households-and-businesses-11661522428?mod=home-page) +We all like to talk about the Green Dildos, the Lambos, but not enough talk about the lessons that we get from Investing in Crypto. Funny how we all have different circumstances but I think we all learn the same lessons. + +&#x200B; + +Financial Literacy is something that I have gained from Investing in Crypto. And boy am I glad that I know it. I'm only 21 and this a lesson that I will carry until I die (hopefully not soon lol). I grew up in a poor family, in a third world country and my parents are Financially Illiterate. Hopefully, I could break the poverty cycle with my new lessons on crypto. + +&#x200B; + +Financial Literacy from crypto taught me: + +How to do my research when investing in anything (very important), how to spot scams, how to be responsible with my money, \~\~how to not pay taxes\~\~ jk, how to not let my emotions ruin my financial decisions, how to live below my means and save money, etc. And this Financial Literacy has given me a hope. A hope that maybe, I could break this cycle of poverty. I'm still one broken condom away from financial ruin tho lmao. + +&#x200B; + +Even if I get all the money in the world, If I'm not Financially Literate, It don't matter bro. + +&#x200B; + +Technically it's about money, but also not really money. What's something you got from crypto aside from the gains (if any lmao F)? +Hallo / Ahoj, + +I am a foreigner working currently in Czech Republic in a multinational company. I am here for 3 years and in these years the Czech Koruna, for the value of 1 euro, went down from approximately 25 CZK to 28 CZK. +My current savings are 140.000 CZK or 5000 euros. Which I saved over this period of time, but taking in consideration the value of CZK when I started, the difference is 600 euros (for rate 25 CZK = 1 euro). +I have no idea what are the plans of the currency in the future, only rumors, that will continue to depreciate to 29 CZK or over 30 CZK and block until will convert to Euros. + +Since I don’t think the Czech Koruna will gain value back, should I change my savings in euros? +What are good websites about financial news for Europe and Czech Republic? +Anyone suspects what the future holds for Czech currency? + +Thanks. +Hi all, hope your are safe during these Covidays. Here I got a question and I can't find the answer I need. + + +I got euros on my IB account. I live in Luxembourg +I want to buy : +Vanguard FTSE Emerging Market acc [https://www.justetf.com/en/etf-profile.html?isin=IE00BK5BR733](https://www.justetf.com/en/etf-profile.html?isin=IE00BK5BR733) +Vanguard FTSE Developed World acc [https://www.justetf.com/en/etf-profile.html?isin=IE00BK5BQV03](https://www.justetf.com/en/etf-profile.html?isin=IE00BK5BQV03) + + +When I look for these there is IBIS2 and LSEETF or BVME.ETF and LSEETF + +Are these markets ? I kind of confused about these.. But I found out LSEETF is in USD and the others are in EUR + + +Should I avoid LSEETF since its in USD so I don't have to change my currency and buy in BVME.ETF and IBIS2 ? +I compared the performance of the same ETF and there is some differences, it is just the currency rate difference ? + + +If someone could give me some info about this, I could help me a looot ! Thank you in advance guys +I tried posting this before but apparently i wasn't clear enough. I am 26 years old investor from holland the netherlands. Currently I have a 70/30 portfolio. I am thinking of rebalancing my portfolio to this: + +70% equity:- 58% Vanguard Global Stock Index Fund (IE00BFPM9N11) + +\- 4% Vanguard Global Small-Cap Index Fund (IE00B42W3S00) + +\- 6% Vanguard EM Stock Index Fund -EUR- (IE00BFPM9J74) + +\- 2% BlackRock Real Estate Index Fund ( IE00B83YJG36 ) + +&#x200B; + +30% fixed income:- 10% iShares Euro Aggregate Bond UCITS ETF ( IE00B3DKXQ41 ) + +\- 8% Vanguard Euro Government Bond Index Fund ( IE00BFPM9W02 ) + +\- 12% iShares Core Euro Corporate Bond ETF (IE00B3F81R35) + +&#x200B; + +The chosen etf's are mostly because of what is available at my dutch bank. What I am still in doubt about is the percentage of small-cap and emerging markets in my portfolio (and maybe also the real estate etf?). I feel like it should be higher... but you see so many conflicting portfolios and advice on the internet its really hard to make a decision. My goal is primarily to get further diversification instead of more profits. I do want to keep the 70/30 split though because I feel comfortable having that ( i know it might be a bit conservative for my age). + +What would you guys advice regarding the percentage of small-cap and emerging markets etf's in my portfolio? + +&#x200B; + +Thanks in advance! + +&#x200B; + +Crossposted to: /r/eupersonalfinance/ and /r/portfolios +Hi everyone, + +Thanks to the great advice in this forum, I've been preparing an investment plan for the first time in my life (have been hesitating and doubting for way too long). I still have a few specific questions, and would appreciate any feedback on this plan. + +**Context** + +\- Married couple, early 30s + +\- €200k to invest, €110k combined annual salary + +\- Foreigners living in Spain, with the plan to mostly live in Spain for the rest of our lives, but likely a few years in our home countries (non-EU) at some points. + +\- Goal: live simply and save money in order to work less (e.g. both part time). Current plan is to rent rather than buy. So I'd say we can have a relatively long term view (we have high earning power and no immediate buying needs), but also no pressure for mega high returns to meet our goals - getting investment returns 5% above inflation would work well from what I modelled out. + +**-** Following Bogglehead's philosophy - not an active investor, have put emergency fund aside, etc. + +**Plan** + +\- 75% variable funds, 25% fixed returns + +\- Picking funds from this [Bogglehead guide](https://docs.google.com/spreadsheets/d/1qTBkH0K5zE-e5OXsUo6Prmo2QGmYNWf63Y-iLQqdBaA/edit#gid=0) + +**Doubts** + +1. Should I focus the variable part on index funds, or ETFs (replica fisica)? From Boggleheads, I had the idea of index funds, but I read ([here](https://news.abroaden.co/etfs-expats-living-abroad-digital-nomads-remote-workers/)) that ETFs are more portable for foreigners if we need to move country for a few years. Do they end up being pretty similar in terms of returns? +2. Does it matter about buying Global funds versus European funds? Is there a tax difference? I see the global ones have been performing higher. (Again, from the [boggleheads shortlist](https://docs.google.com/spreadsheets/d/1qTBkH0K5zE-e5OXsUo6Prmo2QGmYNWf63Y-iLQqdBaA/edit#gid=0)) +3. How many index funds and fixed returns funds should I split across? I was thinking 2-3 each, to cover different geographies (linked to question above). Does that make sense? +4. I haven't made any separate pension plan. I don't really get the different between a 'pension plan', and this plan taking into account what I need to accumulate for retirement life. In some countries and with some employers I know there are benefits for certain pension plans, but I don't know of that in Spain, and not the case with my employer. Is there any difference? + +Thank you very much for reading and for any feedback on the approach! I really appreciate all the amazing tips of this community. +Hi All, + +&#x200B; + +due to an inheritance I will have about 100K free to invest (after an emergency fund etc). My question is how I would go about investing this. + +I'd have a preference for mostly ETF's since my horizon is 20-25 years. However, I don't mind investing partially in stocks (20%-ish?). + +So pretty much what I'd like to know is: + +\- what resources (online) would you recommend to a beginning investor? + +\- what time frame would I split this chunk into for investing? 1 year, 2 year,.. I'm not looking to dump 100K all at once and hope it sticks, if it's better to spread it, so be it. + +\- what are recommended tools to analyze whether a company is worth investing in? Technical analyses or others + +\- all other tips are welcome + +&#x200B; + +thanks in advance! +Provided that one is using a platform without commission fees on buying stocks (and has a lot of free time), what could be the downside of composing own ETF? By composing ETF I mean buying same stocks that given ETF comprises of, in similar proportions. I.e. instead of buying S&P 500 ETF buy a little bit of each: Amazon, Google, Walmart, NVIDIA, etc. It has advantages that by doing so: + +* I can exclude stock of companies I don’t like or just stocks which I don’t deem promising, +* I can bypass TER fees, +* I can ignore the fact that US ETFs are unavailable in EU + +What about disadvantages? + LU0090830653 - 3% + LU0093503141 - 3% + LU0217390656 - 5% + IE00B19Z4C24 - 5% + LU0138259550 - 5% + LU0232932698 - 0% + LU0227385266 - 5% + LU0066341099 - 5% + +You get the picture. I still have some of those at >-10%. I'm so pissed. My financial advisor has been recommeding me these or recommended me these the past 2 years and I actually invested in them because I knew nothing about investments. Are these what people call mutual funds? + +Holy shit, I think I've been getting ripped off for the past 2 years. I didn't know much about what were index funds or ETF's. + +From what I've learned this past week, ETF's can track the same index as index funds but being a lot more cheaper, am I correct? + +Holy fuck, I'm retarded. + **IE00BKM4GZ66** and **LU1681045370** are almost identical with the biggest difference being the fund currency. + +Is there a benefit to buying ETF's with EUR as the underlying fund currency as opposed to the more common USD? +Hello, I have a fast question that I didn't find on internet, how much Croatian Bank cover on my account if the go bankruptcy? + +Example: I have 1mln on a Croatian bank account, the bank go bankruptcy, how many cash they will give me back? +Hi eupersonalfinance ! + +I'm a young graduate and started working in mid-August 2019. I used the first few months to get a grip on budgeting, then moved on to start an investment plan for the long term. We are nearing tax report time in Belgium, and I have a few questions regarding that. + +I wanted to explore a bit what was available to me as far as investment goes, and since I graduated from computer science, I allowed myself two "experiments" along with my real investment account: + +- around 200€ in Bitcoin and Ethereum on Coinbase, that fluctuated a lot and is currently just a tiny bit above the starting point +- a bit over 100€ on Mintos, with most of it invested. + +Those are, as you can see, the "play" investment that I tried. I don't mind if they were to completely disappear, I just wanted to see what they would be like. I currently don't have strong feeling regarding keeping them or not. + +I also have a "real" investment account on DeGiro on which I invest monthly in a classical 3 accumulating ETF combo, that I intend to keep. + +The big question is: what should I put on my tax report ? As far as I know, DeGiro declared the account for me, but do I need to put something somewhere ? Same for the Coinbase and Mintos things, should I declare them somewhere ? If so I would probably liquidate them because that just sounds like too much work. + +Hope you can enlighten me ! Thanks in advance ! +Hi! I wanted to please kindly ask your advise. I am waiting to hopefully get an offer for a job I like. + +I wanted to ask your experience in salary negotiation - do you usually negotiate the company offer? + +I mentioned "around" a specific amount for annual salary, I'm not 100% sure what the offer would be. + +Thanks in advance for your thoughts! + +Edit: The role is for Communications Manager, I dont have any other concrete offers on the table, and I'm currently interviewing with one more company. I told them that I had was actively interviewing with other companies but had no offers yet. +I'm a teen but I plan on investing my saved money but when I search it on the internet I only see people talking about robinhood , isn't there a good alternative option for people who live in West Europe?? +Question in the title. I don't care about interest on deposits as long as there are no fees attached. Also I don't care about a physical presence of the bank. +Hi! I want to invest in some of the funds by one austrian bank. The thing is I don't trust them a lot and I would like to find out what the fund consists of. Some site where all of the info is. + +That information is certainly somewhere, Financial Times has access to it, because when I look up ISIN it shows me top 10 stocks. + +Please help me. + +The ISIN of one of the funds: AT0000495288 + +Thank you upfront for your help, +Happy Easter 🐇 +I have all my money in VWCE, however I would prefer to invest in an ETF that excludes fossil fuels. + +Do you have any similar ETF recommendations? + +Would I simply sell all my shares in VWCE and buy in a different ETF? + +Would think trigger capital gains tax in Germany? + +I assume if Vanguard thinks the fossil fuel industry is a bad bet for the future, they will start to divest? +Hi all, + +First of all, sorry if this is in the wrong subreddit. If it needs to be somewhere else, feel free to point me in the right direction :) + +A little bit about me: I'm a 28 year old that wants to get into investing with the intent to save up for my retirement in hopefully 25 years from now. I've been reading up on investing and have decided that (for now), actively investing is probably not my cup of tea since it would at best be educated guesses instead of solid decisions. Hence my intent to focus mostly on ETF's. However, I have a few questions regarding this and would be happy with all questions/insights. + +seeing as I'm only 28 and the focus is on the longterm, I figured that an accumulating ETF would be the best choice for me. I'm more interested in the end value than having this be an extra income for now. Is this correct? + +my intended split would be 50% in a worldwide etf, 40% in S&P 500 ETF and last 10% in stocks once I get more comfortable with that. Does this sound reasonable or will the world etf and s&p 500 overlap too much? + +my starting budget is 60k with the intent to add around 6-8k on a yearly basis. Would you recommend for the initial 60k to just buy the etf's all at once, or average down? In case of averaging, what time frame would you recommend? + +for the ETF'S, I'm belgian. So if anyone has ticker codes for accumulating etf's as described above, feel free to link them :) + +All insights are welcome! Thanks in advance +Hello, + +I am a Portuguese, living in Portugal and I am looking to buy some electronics from a German well-known seller as a company. + +Buying in Portugal as a company, we do pay the product price + VAT, and later the spent VAT amount is given back to the company. + +When reaching out to this shop they told me "for you as a business you can enter the VAT-ID in the shop and the german tax is deducted, so you can order tax free". This kinda confused me. Shouldn't I pay the VAT amount at all when buying in German? + +Thanks +I'm looking for some advice on how to properly invest my money for the next 5 years. + + +I'm 21, living in Romania and graduating college In June. Up until this point, I've managed to save ‎€12k. +After graduating, I expect to save around ‎€1000/month, which should increase to ‎€1500/month after 2-3 years. + + +I'll be living with parents and won't need a vehicle. Also not really a spender and not looking to make any major purchases. + + +Of those ‎€12k, ‎€4.5k is currently in a mutual index fund, and I can sell the shares without any penalty starting May. +I'm planning to catch the "sell in May and go away" trend which seems to be a pretty common occurrence. + + + +I'm withdrawing because I expect a recession to hit by 2020, and the local stock market to crash along with it. + + +So I've got a few options at the moment, and would like your opinion on them: + + +1) Carefully watch the local stock market and try to catch a falling knife. + + +2) Purchase and rent an apartment. At the moment, a good, fully-furnished, single-bedroom apartment can be bought for about ‎€35k, and rented for ‎€250-300/month. +During the 2008 financial crisis, apartment prices have shrunk by about 40%, and average rent decreased from ‎€400 to what is it today. +I could also use this apartment in the future, should I ever want to move in with a partner. + + + +For both options, while I wait, I could either keep my money in a savings account and wait for prices to decrease, or I could invest in a commodity such as Gold or Silver. I saw they performed quite well during the financial crisis. + + + +There are probably better solutions out there, but this is what I thought of. I'm eager to hear any suggestions. +I'm posting this on behalf of a sibling so details might be a little vague... + +My sister has for a long time wanted to have her own academy teaching English. + +A friend who owns an academy (teaching English to kiss) has decided they want to sell and have offered the business to my sister. + +They have agreed a sum, she's borrowing 20% from a bank, has approx 20% herself and the remainder is paid to the paid off over 4 years. The current owners also own the property which they are keeping so she will be paying the monthly rent and the remaining 60% from taking over the business. + +As far as I know the academy has been operating for 3 years, all the equipment, furniture purchased is included in the sale. The current owners are emigrating. ~~Their business had been growing even through covid.~~ Edited: they haven't lost many students for to covid and some have moved to online teaching. + +She has an accountant, not sure about s solicitor, what are the things for her to look out for, the risks, thinks she should do it not do? +Hi, + +I'm EU citizen and living in the EU. + +I'm new in the ETF world and would like to have your opinion on the following portfolio? + +\- EUNL (ETF World): 50% + +\- ESE (S&P 500): 20% + +\- MEUD (EU): 15% + +\- AEEM (Emerging markets): 15% + +Thanks for your advices +27yo here + +Currently investing in IWDA and EMIM (around 88:12 ratio) but thinking of replacing IWDA with LCUW because of the significant yearly expense difference (0,20% vs 0,12%). + +I wouldn't sell the IWDA shares I have but just continue buying LCUW and EMIM from now on. + +Is there any tax differences for EU citizens between those 2 ETFs? How realistic is it to expect that LCUW expense ratio won't increase? And am I missing something? + +I know this sub likes to recommend VWCE but I don't like the expense ratio. +Hello there, Romanian citizen here and as most of you know, the laws in Europe don't "allow" you to own some USA ETFs or stocks. Although some brokers give you the choice to acquire them through a CFD with no leverage ( VOO for example ). At first glance, it looks like they have the same risk as direct trades. I am looking to invest long term ( >15yrs). But I am not sure if it's the right thing to do since you don't actually "own" them. Are there any "hidden" risks? What's your opinion on this? Thanks in advance! +Joy. You may be more susceptible to fraud so be extra vigilant for a while. [link here](https://www.finextra.com/newsarticle/40976/revolut-breach-exposes-data-of-over-50000-customers) +I am in a long term relationship with my girlfriend. We have been together for 2 years. We have spoken about eventual marriage and we are probably going to get married after a few more years. + +About us: + +- Me: 26m, 255k annual compensation, 1.7m net worth from vested RSUs and retirement/brokerage accounts. I do not own any property. +- Her: 26f, 85k annual compensation, 40k net worth from her 401k + ira. Does not own any property. +- Big financial decisions we want to make in the future: We want kids someday and we eventually plan on buying a house in the US either in Texas or Washington state (both are community property states). + +My parents are happily married for over 30 years so I am aware of the financial benefits of marriage. I am more interested in the other end of things where things do not work where the marriage collapses and results in a divorce. + +Questions: + +- Are there any good books/resources that talk about how assets are impacted in the case of a divorce? +- What makes a good prenup vs a bad prenup? What are the areas other than property and retirement/brokerage accounts that should be covered? +- Is there any other other general advice related to financial planning that you have? I would be especially interested to hear the options of those who have gone through a divorce. + +We will be taking to a lawyer before we get married to understand the legal implications of getting married and then decide if something like if a prenup is the right move for us. However that is still a few years away so I would like to learn a bit more about the this by myself. Right now we are just throwing around the idea of marriage without really understanding what it really means and the legal implications that it has. Thanks. +Hey everyone! + +I know threads about money mistakes in your 20s have been posted a while ago, but I'm making a YouTube video to discuss this topic and I would love to highlight answers from this Sub to encourage more young adults to come check it out! :) + +Personally, I think the greatest mistake I have made (and seen others make) is getting complacent and not working to diversify income/skills once you're out of school. I did this for a bit after graduating and I wish I had spent more time furthering my skillset and post-school knowledge. + +What is your #1 caution or example of a financial mistake young adults frequently make? + +Thanks so much! I made a bunch of recent videos for college students/teens so I hope I can funnel them to this sub with another video to get more young adults thinking about their finances. +Currently I use an excel spreadsheet to track all my bills and separate my savings for specific goals into different savings accounts. + +Is their any value to spending 4-10 a month for an App that does it? +I recently retired early (57F). At the time we saw a financial planner and he reconfigured my $500K 401(k) from 100% equity to 50% Vanguard money market, 25% Vanguard equity funds and 25% Vanguard bond funds. + +Everyone says to "buy the dip." I am still afraid to look at my 401(k) balance, but if shares in the equity funds are way down, shouldn't i take 10-20% of my money market fund and buy one some shares of the best undervalued Vanguard equity fund(s)? This seems like a golden opportunity. My thought would be to rebalance everything again in 6 months. + +I would love your advice/thoughts. Thank you! +Hi we currently pay 1,330 on rent and looking to buy soon our first home this spring. With that being said the houses with the space and area we need are ranging from 400-450k. + +150k combined income. + +After taxes and retirement etc. we have about $7,600 take home monthly. Both our jobs do offer over time , so we can easily bring 8k plus take home monthly. + +No debt other than $370 a month car loan, $10k left on it. + +House would be a mortgage of about $2,800 + +We don’t spend much on frivolous things but do like to travel. 3-5k yearly on travel. + +We have 3 kids age 15, 12,8. + +I’m worried that down the line this will be stressful to pay, because we’re used to paying 1330 a month , but I also know our incomes will likely only increase over the years. We don’t want to be house poor, but still want a nice home. + +Am I over thinking this? +Now before you all call me stupid I'm fully aware that this might be a daft idea which is why I'm asking here. I'm inheriting about £100k at some point down the line. Over the past week I've watched a few hours of videos and introductions to Forex, and it seems that with an amount like mine there's potential to make a serious income. I'm not just gonna dive in head first and gamble it all away because I am completely inexperienced with this and I know how easy it would be to lose it all, so I'm asking for advice. If I dedicate myself do you think it'd be worthwhile to start Forex(ing)?, or would it just be a better and much safer way to keep this in say an ISA? + +If Forex is the way, does anyone have any general advice? Thanks:) +Hey Traders I need help.. + +I have learned technical analysis since 2019, and I know risk management very well +I have learned price action, Supply and demand, market structure, indicators, divergence... etc + +my problem is I don't have profitable strategy, I could see a lot of reasons why the chart could go up and down at the same time, and endup failing + +I have never blown any account even demo yet never profitable. + +At this point I am not sure what to do, could you help me with some advice on what to do, and how to get out of this circle! +He turns hawkish just after his reappointment ? LOL + + +What changed about inflation this month vs last months ? Nothing. He just didn't want to make stonks go down before securing his position. + + + + +Watch out for other CB heads they might imitate the trick in the future. +I have recently been researching and learning about this trading tool 'Ichimoku Kinko Hyo', it includes most notably the Ichimoku Clouds. This turns out to be quite a bit more than just another indicator with a lot of history, a lot of depth and a whole bunch of information inside which is most useful for identifying and holding onto the main body of big trends. + + I'm quite excited about experimenting using this system and learning about how to trade with it in further detail. I don't think I've ever seen it mentioned in this sub so I'm curious if anyone uses/ has used it, or if people would be curious about it - if so I can post about my learning experience with it. + + + +Let me know and I can do a follow up post + +Edit : spelling +The market is really unpredictable when news comes. Isn't it risky to just put orders when economic reports are released? + +Edit: it's clear I didn't understand what fundamental trading is. Thanks to everyone who helped make me understand it more +Hello everyone, + +I just wanted to share my experience watching an EA make trades that actually come out profitable in the long term, and what I've learned. + +I want to start with a disclaimer stating clearly what this EA is NOT. This is no get rich quick EA. It makes small consistent profits over time and takes its fair share of losses. It also needs to be tweaked and optimized every 1-2 weeks for each pair it runs on, so it is also not a "set and forget" money printer. It must be watched and turned off when things get too volitile. + +Here are some of the things it does that I believe have led to its edge. + +1) *Money management* - +The EA opens 3 positions in the direction of the dominant trend and calculates the lot sizes used based on the balance in the account. It will not over leverage, and as money is made or lost, it will increase or decrease it's position sizing and utilizes break even and trailing stops. To maximize profit and limit losses. Profits are taken on 2 positions and the last one is open until signal change. Even if the direction is wrong, most of the time position one and two will likely hit TP before taking a loss on position 3. This hedges losses. + +2) *Not married to one direction* - +If the EA is wrong, it will cut all of its positions and open positions in the other direction based on the indicator used for it. No emotion. It will usually recoup its losses with a bit of profit on top. Based on trend and market structures. + +3) *It trades with the trend* - +As stated above, the EA trades with the dominant trend. Occasionally it will trigger against the trend in a pull back and take a loss, but as price moves with the trend again, positions will be opened in the direction of the trend and recover the losses taken. + +Watching this thing trade has been very cool, because it trades using statistics and probabilities. +It employs all of the basic rules of trading with *no emotions* which I think is the key element to its success. When the EA is optimized, and applied to the chart, I let it run and don't interfere. 9 times out of 10, the EA will finish the week with a profit. It's not life changing money by any means, but the account does grow over time. + +Even when in drawdown, I've watched large drowns turn into great winners. +The EA sticks to its strategy and rules, which for a human, can be very difficult to do. + +Thank you for reading +I’ve seen many YouTubers and education guys who says that they make money trading fx daily. But I didn’t see any real person who quit job and now full time trading. What’s your experience, mb some of you already quit your job, what was your way? +And pls, I don’t say I want to make millions every year, I’m talking about 2-5k$ month on average. +Thx +Every time I think I've cracked the code, another guru comes along to tell me about his profitable strategy that only costs 99,99$ for the next 24 hours and that made him a millionaire in less than 6 months. So yeah, obviously I buy the course! 6 months later I'm still poor, even 100 bucks poorer than before. Did I learn anything new? Probably not. I don't know where to go at this point. + +Used to trade price action pretty well and there comes my friend telling me price action is trash and that I should be using indicators instead. At this point I'm backtesting lots of indicators only to be told that technical analysis doesn't require them. There's so many people saying different things and the more I learn about trading the worse I get at it. It used to be so simple in the beginning, I was just doing my thing and it kinda worked well. Now I'm at a stage of confusion and the only thing I know for sure at this point is that I don't know shit. +Using hotkeys and going trough any chart in a frenzy of randomly buying and selling with a positive rr. Something like 1:50. But as soon i told the software to factor in commissions it was the shittiest strategy on earth. Gives you a little bit of an idea of how relevant commissions and fees really are. You can do this by yourself if you don’t believe me. I guarantee you gonna turn any “money” into a lot more just by randomly hitting the buy and sell keys with any >1:1 RR as long there is no cost of trading. + +I heard that there are some brokers offering 0 commission trading on stocks or something like that. But there is some stupid law now that doesn’t let you trade more than 3 or 5 times a week? Idk + + +I guess im asking if that stupid strategy can be used somewhere? + +Also why aren’t there any brokers charging monthly percentages or monthly fees? +I've been very interested in forex trading but im still learning the ropes and I do understand the years of experience and education it takes to see substantial results. I am also however a talented musician and would like to build a career in music. Would it be possible to indulge in building a music career while being a forex trader? I would appericiate some advice any of you can give! +Basically, I know there is BabyPips and stuff, but I'm curious if the majority of you guys have read up on Forex (babypips, etc) or if you have history in stock market, or if you are just doing trial and error to get your trading. + +Example: I've seen people who trade and post screen shots saying "Oh look at this" and they think it's going to rise... but when I trade I just see if it's Starting to go down, and I put a Sell in, and hope it drops more. + +Or if I see it start to rise, I buy, etc. + +Do you guys actually read into Forex trading? Does it actually make a difference and help? or is the market unpredictable? +For me, it was when ICT said retail traders can never move the market. We don't take money from each other... we piggy back on the smart money. This changed everything, I look at the markets in a completely different way and I can see the logic behind everything now. "What are they going to do to make money, where do they want the price and where can I jump on the ride?" +[Take a look at this M15 EURUSD from yesterday. This is my trade that I posted about, and damn near lost due to a shakeout.](https://www.tradingview.com/x/K4AcehS6/) + +So what is a shakeout? In this case, it is where the market moves more than "it should" and heads to or below common stops, as well as blowing through S/R. Also, it then rapidly rebounds above/below (respectively) that same S/R. The misnomer is that your stops are being targeted, they are not. See below. What is happening is that smart money is attempting to secure a better bid/ask, and inherently more profit. + +In the world of VSA, this shakeout is accompanied by tic volume that does not support the move. If you look at the chart, you can see the candles' respective volumes also numbered 1,2,3, and see that the volume was unchanged, but the move was. + +TL;DR, remember to set stops a few pips away from common numbers. This is my advice, take it as you will. + +EDIT- I forgot the part about the "stop hunt". The belief that your stop is being hunted is a misnomer as it implies a directed attempt to hit stops; the reasoning behind this is incorrect. No one at a large bank cares about retail traders' stops; *however* because we are riding coattails, it is often possible to have your stops hit as the market moves in an aggressive manner as it attempts to secure a better bid/ask. *I do not believe in stop hunts, the idea is silly.* It is paranoia that comes from a lack of understanding how the market moves. + +Please comment below, I want to hear from others. +Way too many of you are bullying people just because they are holding coins like shib, doge, etc. Ya'll need to stop with this. It is their own money, not yours. They can hold or buy whatever they want because guess why. IT IS THEIR OWN GODDAMN MONEY AND YOU HAVE NO SAY TO THAT! So stop bullying and making them feel bad about their crypto purchases. Some of them might be new to crypto and some of them bought the coins for fun. No matter the reason, this does not give you the right to ridicule people in this sub. Stop trying to bully people into regretting the coins they bought. You want to invest in coins like bitcoin and ethereum, go ahead but do not forget, just because you are buying a coin doesn't give you the right to bully other people who buy other coins. +I want to hear about financial goals from fellow college students and high schoolers waiting tables, sacking groceries, etc. Let’s see those numbers! What’re your savings rates? What’s your net worth? What career are you studying for? + +Additionally: how did you find out about FIRE? Have you told your friends and family and if so, how did they react to the idea? +The best thing u/deepfuckingvalue can do at the Senate hearing on Thursday is to tell them to require Gamestop to call in all shares immediately if they really want to know what happened with GME. Turn over the cards and let's see who is really holding what. 🦍💎🙌 +Posting from my Alt. +If you own Uber stock, gtfo and sell while you're still ahead. +Countless drivers are reporting on UP and other places that Uber is not paying cancel fees to drivers and not logging the cancelled ride. Also recently Uber has not been paying tips to drivers and when reported by a driver of the issue, Uber responded "We are working on a fix for tips not showing up for drivers". In the history of Uber this is first time they mentioned tips not showing need a fix. And yet ride fares show up just fine for drivers. There is good reason to believe Uber is troubled due to Covid19 and lack of people travelling so Uber got rid of all phone support and fired California and other US fulltime employees. It has only a handful of offshore support pretty much handling all issues for low pay of a few dollars an hour. +Hey folks, because I work at a bank I can get a 20k line of credit at 1% interest (compounded monthly, so it's 1.0046% annualized) (edit : this is fixed rate not variable) + +If I quit or am fired it reverts to 4%, so I am mindful of finding fixed income products with short duration, or ones that are properly hedged to interest rates so that if I have to liquidate the position in <1 month, I can do so. + +I was looking at LQDH, but I'm Canadian and don't want to take exchange rate risk between the CAD/USD (and pay 15% dividend withholding tax as a foreigner). + +XSI/XSC look promising from iShares. Maybe XPF/XTR if I want to take a little more risk. + +I welcome any suggestions for other sorts of trades or types of fixed income products I haven't considered. + +I am looking at this from the perspective of an arb, so will be satisfied with a 1.1% annualized yield if it has a very high degree of principal protection. +http://www.harbus.org/2018/macro-framework-valuing-crypto-velocity/ + +Posting for discussion purposes. I honestly don't know what to make of this. He clearly understands economics better than I do, so I'm interested to read counter-arguments. + +It seems more likely that Berkshire Hathaway will announce they are acquiring Snapchat than this sub loving his framework, but if that miracle should happen, that would be useful too. +You may have wondered if GME or AMC was the right choice at some point. Older apes know the answer, but let me give you a different point of view. + +During the entire interview with u/dlauer, CNBC kept showing "reddit coments", but somehow ALL of them were about selling everything and diving in AMC(gamestop was hardly mentioned). + +This cannot be random! If you take notice of comments in Superstonk, no even from the AMC sub, even they talk about GME, but somehow CNBC shows a bunch of comments all selling and throwing all in AMC. + +Think Ape! Think! Why would they want you to see that? + +I'm as smooth-brained as the next monkey, and I can't even write finanal advice, let alone give it, but this banana smells like Shit from Adelle. + +Trust your jacked tits and hold! + +EDIT: TO WHOMEVER GIVES ME AWARDS... Thanks and I hope you get a million tendies for each award you've given! +**Crisis Driven Hyperinflation, Fiat Currency, and the Blurred Lines of Monetary & Fiscal Policy** + +As a preface, u/peruvian_bull wrote a four part due diligence called “[Hyperinflation is Coming- The Dollar Endgame](https://www.reddit.com/r/Superstonk/comments/o4vzau/hyperinflation_is_coming_the_dollar_endgame_part/).” It’s tremendously in depth & touches on many important topics. I agree with this user’s assessment that the USD is in a debt super cycle & only two possibilities are the outcome: defaulting in Great Depression style or hyperinflation like Venezuela and/or Weimar Republic. Goal of this due diligence being to dig deeper on the blurred lines between monetary & fiscal policy. First, there needs to be a basic understanding of how USD money supply & buying power correlate. If you have this general understanding already, skip down to the section titled: *Blurred Lines of Monetary & Fiscal Policy* + +In Figure 1, the USD money supply is shown from 1960 until 2021. Why was 1960 chosen as the starting point year? FDR removed the gold standard in 1933, not 1960!? Correct. However, the government held the $35/oz price until August 1971. President Richard Nixon abandoned the gold standard by announcing that the United States would not convert dollars to gold at a fixed value anymore ([Source](https://www.history.com/this-day-in-history/fdr-takes-united-states-off-gold-standard)). Starting in 1971, the USD officially became a fiat currency backed on good faith & trust. + +&#x200B; + +[Figure 1: Money Supply M0 \(USD Million\) from 1930 until 2021](https://preview.redd.it/skiuskcabk281.png?width=741&format=png&auto=webp&s=ead876c6811d06ae317f7d8bbd9b393bbbde8413) + +*Figure 1:* [*Money Supply M0 (USD Million) from 1930 until 2021*](https://take-profit.org/en/statistics/money-supply-m1/united-states/) + +With increasing money supply, resulting buying power decreases. Figure 2 acts to show the buying power of the USD since the inception of the country. Major drops in buying power pre-20th century were caused by uncertainty events: Revolutionary War, War of 1812, and Civil War. Crisis, wars especially is a driving factor for a given dollar’s buying power volatility. USD money supply stayed rather consistent until the beginning of the 1900s. + +&#x200B; + +[Figure 2: Purchasing power of one USD from 1776-2020](https://preview.redd.it/isif996bbk281.png?width=690&format=png&auto=webp&s=7e3e1eb100b4575d989ee32ce46bd99f0e223c74) + +*Figure 2:* [*Purchasing power of one USD from 1776-2020*](https://www.statista.com/statistics/1032048/value-us-dollar-since-1640/) + +Bretton Woods agreement in 1944 was the catalyst for USD’s dominance as the reserve currency. Having a stable, strong currency is critical for economic prosperity. With an increased exchange rate, imports become cheaper and thus lower inflation. Stability & corresponding volatility of a given currency is subject to economic performance, political landscape, and consumer confidence. Onto the real due diligence. + +As seen in Figure 3, purchasing power decreased with each subsequent even starting with the creation of the Federal Reserve Bank in 1913. Since the Great Depression, each war or crisis has pushed the purchasing power of the USD down. This isn’t news for anyone with even a sliver of macroeconomic awareness. For all fiat currencies reach their inevitable fall within a century or two. Hyperinflation & currency collapses are not rare, but rather predictable, expected events as a nation’s total debt to GDP ratio trends larger. + +&#x200B; + +[Figure 3: Purchasing power of one USD from 1900-Current](https://preview.redd.it/nyxrqn1cbk281.png?width=696&format=png&auto=webp&s=b1f62ae76501beec75298bd2eb51623c1e0c4f8d) + +*Figure 3:* [*Purchasing power of one USD from 1900-Current*](https://www.statista.com/statistics/1032048/value-us-dollar-since-1640/) + +**Blurred Lines of Monetary & Fiscal Policy** + +Why would a country who knows that their fiat currency is on the brink of failure take no preventative measures? First, we need to understand what monetary policy & fiscal policy are. + +Monetary policy is typically carried out by the centralized banking system & the Federal Reserve, focusing on money supply, interest rates, and corresponding bond prices. Fiscal policy surrounds government budget, spending, and taxation. Both policies together have sway over a how an economy operates. Investopedia has a great summarizing overview on the [differences between fiscal & monetary policy](https://www.investopedia.com/ask/answers/100314/whats-difference-between-monetary-policy-and-fiscal-policy.asp). + +Seemingly infinite money printing has set forth a 98% loss on buying power since the failure of the London gold pool. Monetary policy maker, specifically the Fed are committed to propping up the bond markets & thus all assets through this USD degradation. + +[BlackRock wrote a paper in August 2019 outlining how to deal with the next economy downturn](https://www.blackrock.com/corporate/literature/whitepaper/bii-macro-perspectives-august-2019.pdf). Their forward thinking is eerily on point & needs mention. + +&#x200B; + +[BlackRock Aug. 2019](https://preview.redd.it/m1vr8xucbk281.png?width=667&format=png&auto=webp&s=3f457bb84761297fc9749de006959018ea91a026) + +Bonds & interest rates have an inverse relationship, when the cost of borrowing money decreases (interest rates decreasing), the bond prices usually rise. With interest rates at hitting zero, these rates cannot be lowered further, which effectively limits the monetary policy makers ability to operate. Policy makers on both sides seem to echo similar sentiments for the bullish nature of our economy: + +“You will never see another financial crisis in your lifetime.” -Janet Yellen, spring 2018 + +“There’s no reason to think this cycle can’t continue for quite some time, effectively indefinitely.” -Jerome Powell, 2018 + +“I do worry that we could have another financial crisis.” -Janet Yellen, fall 2018 + +“The US is on an unsustainable fiscal path; there’s no hiding from it.” – Jerome Powell, 2019 + +Why have these policy makers been allowed to trade using insider knowledge, successfully make a fortunate while the money printer go brrrr…? + +As Blackrock mentioned, when these fiscal & monetary policy lines blur, uncontrolled fiscal spending can arise as seen in Figure 4. Figure 5 depicts the federal interest rates. With a focus 2008 until current, the federal deficit can be seen increasing steadily. + +&#x200B; + +[Figure 4: Federal Spending as a percentage of GDP \(Source\)](https://preview.redd.it/xd1se98lbk281.png?width=768&format=png&auto=webp&s=d4a5142b769c32f61780b03a3cc9af508a559120) + +Figure 4: Federal Spending as a percentage of GDP ([Source](https://www.cbo.gov/publication/57170)) + +&#x200B; + +[Figure 5: Interest Rates \(Source\)](https://preview.redd.it/oga3f4nnbk281.png?width=833&format=png&auto=webp&s=6c6e8448e3cb0bf0ce1518c8be78ce8b36fd71f7) + +Figure 5: Interest Rates ([Source](https://www.visualcapitalist.com/chart-the-downward-spiral-in-interest-rates/)) + +&#x200B; + +[BlackRock Aug. 2019](https://preview.redd.it/8rcijr4pbk281.png?width=661&format=png&auto=webp&s=d52fdb84332b3be34c17d931b16f081fab91c38e) + +It needs to be reiterated: + +*“There is a self-fulfilling aspect to inflation, what people expect inflation to be in the future is a key driver of inflation today.*” + +Ask around your local community, what are their thoughts on inflation? + +&#x200B; + +[BlackRock Aug. 2019](https://preview.redd.it/lkbwhivrbk281.png?width=720&format=png&auto=webp&s=57b6a270de5ddb12ad2e4f337aea535e24d8dc5c) + +Interest rates affect economic prosperity, its existence allows for immediate economic spending instead of saving. Building on BlackRock’s thoughts, lower interest rates allow people to make large purchases (houses, cars, business loans, etc.) With low interest rates, asset classes such as stocks become appealing, growth stocks especially. When interest rates rise, consumers reduce their spending, banks provide fewer loans, and corporation’s profits typically decline. US Treasury bonds (T-bonds) are often compared with blue chip stock yield, aiming for the asset with the highest return on investment. + +Tapering must happen; interest rates will need to rise. If not, the US economy faces Weimar Republic post WWI levels of hyperinflation. Two possible scenarios can play out to protect the integrity of the US Stock Market. If the Fed chooses to start tapering via interest rates rise, then stocks become a less appealing asset class, thus causing sell offs in the market. Why? Corporations incur lower profit margins since consumer spending declines. Labor is a main cost of operation. With losses, layoffs would occur. Additionally, since the markets are hypnotically in decline, retirement investment accounts are now devalued. Leading to a Ouroboros style cannibalization of the stock asset class. If this occurs, the US market suffers a recession or depression. Fed could opt to print more money, choosing hyperinflation. In this case, the US stock market would continue to operate, thriving, as USD buying power plummets from inflation. Cost of living would increase, however, if wages/income stays stagnant then economic spending still produces the identical result as tapering interest rates. Regardless of the Federal Reserve’s choice of monetary policy, I see no avenue that doesn’t produce an economic downturn. + +BlackRock’s thoughts on the ability for fiscal policy to operate in unsustainable high debt economies: + +&#x200B; + +[BlackRock Aug. 2019](https://preview.redd.it/tnyb28stbk281.png?width=723&format=png&auto=webp&s=9014ef20eab1e2575cb169612ee80d50b654e584) + +How can a high debt economy survive an economic downturn? By subsidizing economic spending via direct money injection. + +&#x200B; + +[BlackRock Aug. 2019](https://preview.redd.it/4yd9rnyvbk281.png?width=720&format=png&auto=webp&s=f7a87b533ba45b2f66bab401c2b90a2144c49fb5) + +**Helicopter money is the last resort. Except, it was the only choice.** Stimulus was required, although the long-term result hasn’t been felt yet. + +&#x200B; + +[BlackRock Aug. 2019](https://preview.redd.it/nwubod2zbk281.png?width=889&format=png&auto=webp&s=7b018de35f3bdbde3a1fa4a058e275c3d13725b6) + +How do monetary & fiscal policies relate to each other? + +&#x200B; + +[BlackRock Aug. 2019](https://preview.redd.it/90wclm40ck281.png?width=900&format=png&auto=webp&s=6d1d8041b9d766f59b996701c418b689857a6cef) + +For closing thoughts, monetary & fiscal policy makers were planning to coordinate on future policy & planning for economic downturns. They knew what happened to previous WRCs that undertook hyperinflation: + +&#x200B; + +[BlackRock Aug. 2019](https://preview.redd.it/ssew2t01ck281.png?width=433&format=png&auto=webp&s=95e972314ee4637090b49040d56e2315aaab40c7) + +The 2020 Covid crash spurred plans that were only in the preliminary stages to get pushed out. Policy makers knew that this was uncharted water, however, direct injection of helicopter money was the only option. I want to avoid any political discussion relating to party lines, motives from China, thoughts on potential wars to resume economy, etc. Please direct discussion to be around inflation, interest rates, and corresponding market implications. As a note, I am not an economic guru, just someone with an interest in macroeconomics. If anything you see is incorrect, please comment & I will edit this post! + +Opinion: Hyperinflation is the plan over rising rates. It seems like the more logical choice, the economy can “kick the can” for longer than a tapering scenario. I believe direct helicopter funding was always the plan for the next crisis, the 2020 crash simply came unexpected. Regarding GME, hyperinflation along with sideways trading is not ideal, our asset then becomes less valuable. I also hope that hyperinflation isn’t used to devalue MOASS payments. Regardless, GME holders are in a unique situation, growth stocks should be the best asset class in a hyperinflation scenario. + +**TLDR;** + +Each economic crisis has driven policy makers to inject the economy with an ever-increasing money supply. Fiat currencies, specifically USD (United States Dollar), are unsustainable. USD being the current Global Reserve Currency (GRC) allowed for the fiat nature of the currency to remain stable, however, monetary & fiscal policy makers have known that fiat currencies are always destined for failure. Hyperinflation was always the end goal, Covid-19 market crash of 2020 pushed these plans preemptively. Result being the fall of the USD while simultaneously having wealth funneled at the expense of the “99%.” Summarizing that money printing is wealth theft. + +[BlackRock Summary from August 2019](https://www.blackrock.com/corporate/literature/whitepaper/bii-macro-perspectives-august-2019.pdf): + +[BlackRock Aug. 2019](https://preview.redd.it/1rncjug4ck281.png?width=666&format=png&auto=webp&s=4ec4aae2412c7a08fd04c28be62c27154f4198c7) +Just saying.. people have been posting a lot about making the change and it's been proven time and time again that CS = out of the hands of DTC. + Yes, you can move them to book if you feel like it. Yes you can leave them in the Reinvestment plan if you want. They are still in your name. + IRS shares... I'm not even going to touch that one. :-) + + Always remember, if you are seeing a bunch of posts saying to do something NOW, you may want to take a step back and breath and spend about 20 minutes researching OUTSIDE of Reddit to get a clearer answer. + + DRS... Hodl... And laugh at them as they start to fall. + + They created their own graves and I can only hope that our government handles this the same way China is for the Evergrande fiasco... Make them sell off all of their own assets to cover their idiotic and pathetic choices and throw those involved into jail to set an example damnit!!! (Tax payers should have to bail you all out.... AGAIN!) + +Edit 1: just wanted to add that if you choose to move to book for whatever reason, just KNOW THAT DOING SO WILL SELL ANY FRACTIONALS YOU HAVE LEFT BY DEFAULT. To resolve this you can do the move after 'after hours' close of the market and then cancel the transaction. Please read comments for more info! Or, do what I did... Just call them and ask them to keep your fractionals. :-) it's easy and fast. Their customer service is top notch. +Happy new year! + +&#x200B; + +Hope you all had an amazing 2020 and cheers to an even better 2021! + +&#x200B; + +This is a first time writing something like this, so if there's some missing information please feel free to ask away! + +&#x200B; + +**Before I get into it, I just want to preface by saying that:** + +\- I understand that these types of return is not normal and should not be expected. + +\- I know that I've been extremely lucky on picking underlying and things could have gone very wrong if I had been wrong + +\- A lot of these gains had been achieved by pushing one's out very far in the risk curve. In this case, I almost always maximize my buying power. + +\- In no way I'm calling myself an expert. I'm just another guy trying to learn. + +&#x200B; + +Here's the return for this year: + +&#x200B; + +[Time weight return comparing with index](https://preview.redd.it/amtnqdgu2z861.png?width=1422&format=png&auto=webp&s=69d65431286c91b196621890252401795858c9fb) + +[Personal weight](https://preview.redd.it/24s8xd7w2z861.png?width=1425&format=png&auto=webp&s=d5ba5c2715af22a493d9ed906d97e1c91adbc13d) + +I started the year with 54k. I started this theta focused portfolio back in March of 2019 with 10k (then slowly added to 32k initial money). + +&#x200B; + +**Strategies I used:** + +\- Selling PUT on underlying that I like and don't mind holding + +\- PMCC on stocks that I'm semi bullish at + +\- Occasional credit spread and lottery ticket option buying (didn't really pay off) + +&#x200B; + +**How I'm choosing option to sell or trade to make:** + +\- I tried not to look at option selling as just to collect premium. I tried to use option selling as a strategies to create a risk to reward structure that I deemed acceptable or at times creating a win-win scenario. So for certain stocks I wouldn't mind selling ITM put or close to the money, if it can create a payout matrix that I like. This is probably the biggest thing I learned and found most useful. + +\- Cont. from point 1; therefore, I don't really have a DTE or delta that I religiously use and I like to see each trade as unique and no set rules can be universal. + +\- Personally I don't like spread since it creates a payout matrix that is limited and directional. I understand that it's efficient use of buying power. I used to make some spread back when the portfolio was smaller. + +\- I don't do Iron condor or anything that requires more than 2 legs since I use TDI platform (canada) and it's honestly not the best for complex option strategies. I can only open 2 legs per transaction and the fee is rather high (10+1.25 per contract). + +&#x200B; + +**Challeges and struggle:** + +\- Since I tend to use full buying power most of the time, when March hit it came like a storm. The portfolio took a huge hit and drew down over 50k. I then managed to made some mistake with short strangle on the market rebound and lost some more. Total drawdown in March and April was about 75-80%. + +I was stressed, but I tried to frame everything as a game and scores. That helped kept me going. Thankfully, my partner was extremely supportive through out those time and that kept my stress level to a manageable level. + +\- Position sizing has never been my strong suit. I tend to be very concentrated on underlying that I did my research on and believe in. It worked out, but I can also see how it could go wrong with a simple miss steps. + +\- Scaling upward has also been an issue. This may have been a combination of a few things. I recently lost my day time job and I believe it affected my risk tolerance quite a bit. I'm not much more picky with opening a position. This resulted in a lot of right idea with no execution. + +\- Like everyone else, I experience FOMO and not very optimal lots of time. I know I should be selling put on a red day, and call on a green day, but sometimes FOMO took over. + +&#x200B; + +**Things I look to improve in 2021:** + +\- I want to get better at timing my position. I'm not talking about top bottom, but simple trade entry through out the day. Perhaps learn some astrology (TA). + +\- Try not to FOMO. + +\- and obviously to not lose it all. I since then scaled down my risk considerably, but with this profession anything could happen. + +&#x200B; + +I'm not used to long write up, please feel free to ask me any question. This is the type of things I find that the more you learn the less you realize you know. + +&#x200B; + +Best of luck to 2021! +Hi, + +I'd like to have several ideas on how best to utilise the premiums earned either weekly/monthly! + +As of now, since I'm starting with a small account of 5k, premiums earned aren't much and so, am unable to use the gains to have the chance to sell bigger stocks eg. fb and visa. + +So wondering and looking forward to hearing from you guys how do you slowly build up your portfolio until it becomes almost clockwork. I believe this is something educational enough for even the seasoned traders as everyone have their own proven method. + +Thanks! + +Edit: suggestions have been great guys, keep them coming! +Hi, + +I'd like to have several ideas on how best to utilise the premiums earned either weekly/monthly! + +As of now, since I'm starting with a small account of 5k, premiums earned aren't much and so, am unable to use the gains to have the chance to sell bigger stocks eg. fb and visa. + +So wondering and looking forward to hearing from you guys how do you slowly build up your portfolio until it becomes almost clockwork. I believe this is something educational enough for even the seasoned traders as everyone have their own proven method. + +Thanks! + +Edit: suggestions have been great guys, keep them coming! +I know the math, but it always feels weird trading time for money -- + +this morning, my short 20C Dec 23 was about -$4.5 with less than $0.02 of optionality. Since I wanted the short theta on it instead of short delta, I rolled it out to 24C 1/21/22 for $4.15, or about $3.80 of optionality. + +So instead of thinking about it like "I lost $2 on the contract", it instead turned into "I lost 1 month of income on the contract", and if we should be so unfortunate to be 28 VXX in Jan, then I'll lose another month by rolling it out to Feb +So I’ve been looking at tsla 1/19/24 and selling the .8 delta strangle you can sell 25 for $23k other than the reduction in buying power and general managing for the length of the trade is there a big downside I’m not seeing ? +Good morning! I have a question and I hope you can give some advice. I do know that if I am selling a CC, that the premium is highest at-the-money, but then tapers off in both directions in-the-money and out-of-the-money. This makes sense to me, but I also only understand this in the most general of terms. + +My question is, if I am in situation where I only want to earn the maximum premium, and if I have absolutely no concern whatsoever about exercise & assignment, how do I determine the point of maximum premium? Is this on the option chain, is it calculated? + +I appreciate your help. +Two common strategies while selling covered calls are to roll up/out if the market price exceeds the strike price, or to simply get assigned and then turn around and start wheeling by selling cash secured puts. + +It seems to me that each week you can make a decision as to whether or not you want to rollup or whether you want to wheel. For example, maybe if the cost to rollup is relatively small and you still make some profit, it would be better to rollup; whereas if the cost to rollup was really large, it would be better to wheel. + +What factors do you use to decide whether to roll up or wheel? + +One thing I don't really like about wheeling is that it would require taking a tax hit due to short term trading. +Here is the volatility for puts expiring tomorrow, and then for January 22nd. WSB are starting to go nuts over BB. + +Have fun boys 'n girls + +&#x200B; + +&#x200B; + +https://preview.redd.it/prl9wo8j5eb61.png?width=838&format=png&auto=webp&s=37940d149c36a7d1a52ac0383652225920c591b0 +Hi all, software dev here who recently got into options, CCs and CSPs and a few spreads. Looking forward to building an account to start doing some short strangles. + +I’m just wondering what people are using to track their options? I’ve started with a simple spreadsheet but lost track a bit now because I kept rolling a couple and IBKR is a literally just awful in my opinion trying to follow everything in the reports tab. + +I’d be super interested in contributing to an open source / self hosted piece of software (web app) but just wondering what the majority of /r/thetagang are doing? + +Thanks! + +Keep printing 💵 +I've been selling a csp on amc 2 weeks out for about 60 in premium usually. I sold one a week ago and could now buy to close at $3.50 total (56.5 profit on premium). It seems like it makes more sense to do this and free up the capital so I can write another put that expires next Friday. Is there any reason to wait for expiry on Friday? I can't really think of any +Happy new year! + +&#x200B; + +Hope you all had an amazing 2020 and cheers to an even better 2021! + +&#x200B; + +This is a first time writing something like this, so if there's some missing information please feel free to ask away! + +&#x200B; + +**Before I get into it, I just want to preface by saying that:** + +\- I understand that these types of return is not normal and should not be expected. + +\- I know that I've been extremely lucky on picking underlying and things could have gone very wrong if I had been wrong + +\- A lot of these gains had been achieved by pushing one's out very far in the risk curve. In this case, I almost always maximize my buying power. + +\- In no way I'm calling myself an expert. I'm just another guy trying to learn. + +&#x200B; + +Here's the return for this year: + +&#x200B; + +[Time weight return comparing with index](https://preview.redd.it/amtnqdgu2z861.png?width=1422&format=png&auto=webp&s=69d65431286c91b196621890252401795858c9fb) + +[Personal weight](https://preview.redd.it/24s8xd7w2z861.png?width=1425&format=png&auto=webp&s=d5ba5c2715af22a493d9ed906d97e1c91adbc13d) + +I started the year with 54k. I started this theta focused portfolio back in March of 2019 with 10k (then slowly added to 32k initial money). + +&#x200B; + +**Strategies I used:** + +\- Selling PUT on underlying that I like and don't mind holding + +\- PMCC on stocks that I'm semi bullish at + +\- Occasional credit spread and lottery ticket option buying (didn't really pay off) + +&#x200B; + +**How I'm choosing option to sell or trade to make:** + +\- I tried not to look at option selling as just to collect premium. I tried to use option selling as a strategies to create a risk to reward structure that I deemed acceptable or at times creating a win-win scenario. So for certain stocks I wouldn't mind selling ITM put or close to the money, if it can create a payout matrix that I like. This is probably the biggest thing I learned and found most useful. + +\- Cont. from point 1; therefore, I don't really have a DTE or delta that I religiously use and I like to see each trade as unique and no set rules can be universal. + +\- Personally I don't like spread since it creates a payout matrix that is limited and directional. I understand that it's efficient use of buying power. I used to make some spread back when the portfolio was smaller. + +\- I don't do Iron condor or anything that requires more than 2 legs since I use TDI platform (canada) and it's honestly not the best for complex option strategies. I can only open 2 legs per transaction and the fee is rather high (10+1.25 per contract). + +&#x200B; + +**Challeges and struggle:** + +\- Since I tend to use full buying power most of the time, when March hit it came like a storm. The portfolio took a huge hit and drew down over 50k. I then managed to made some mistake with short strangle on the market rebound and lost some more. Total drawdown in March and April was about 75-80%. + +I was stressed, but I tried to frame everything as a game and scores. That helped kept me going. Thankfully, my partner was extremely supportive through out those time and that kept my stress level to a manageable level. + +\- Position sizing has never been my strong suit. I tend to be very concentrated on underlying that I did my research on and believe in. It worked out, but I can also see how it could go wrong with a simple miss steps. + +\- Scaling upward has also been an issue. This may have been a combination of a few things. I recently lost my day time job and I believe it affected my risk tolerance quite a bit. I'm not much more picky with opening a position. This resulted in a lot of right idea with no execution. + +\- Like everyone else, I experience FOMO and not very optimal lots of time. I know I should be selling put on a red day, and call on a green day, but sometimes FOMO took over. + +&#x200B; + +**Things I look to improve in 2021:** + +\- I want to get better at timing my position. I'm not talking about top bottom, but simple trade entry through out the day. Perhaps learn some astrology (TA). + +\- Try not to FOMO. + +\- and obviously to not lose it all. I since then scaled down my risk considerably, but with this profession anything could happen. + +&#x200B; + +I'm not used to long write up, please feel free to ask me any question. This is the type of things I find that the more you learn the less you realize you know. + +&#x200B; + +Best of luck to 2021! +Good Saturday afternoon to all of you here on r/stocks. I hope everyone on this sub made out pretty nicely in the market this past week, and is ready for the new trading week ahead. + +Here is everything you need to know to get you ready for the trading week beginning March 16th, 2020. + +# **Stocks are expected to see more wild swings, even if Fed makes big policy move - [(Source)](https://www.cnbc.com/2020/03/13/stocks-are-expected-to-see-more-wild-swings-even-if-fed-makes-big-policy-move.html)** +***** +> Now that stocks have entered a bear market, more wild volatility is expected in the week ahead as investors await a big policy move by the Federal Reserve. +***** +> The Federal Reserve meets Tuesday and Wednesday and is expected by some economists to take its benchmark federal funds target range back to zero, as the economy looks more and more like it could fall into a recession, due to the impact of the coronavirus. +***** +> In the past week, the market was sharply lower but swung wildly in both directions, including the stunning 10% decline in the Dow Thursday, the worst one-day drop since the 1987 market crash followed by Friday’s 9.3% gain, the best day in more than 11 years. +***** +> The S&P 500 ended up 9.3% Friday at 2,711, its best day since Oct. 28, 2008. The S&P is now 20.2% below its February high. +***** +> Strategists say the market purge is not over, though it could be closer to a bottom, with some expecting the S&P 500 to fall through 2,400 before it finds a floor. +***** +> “You could say we’re pricing a garden variety recession,” said Lori Calvasina, chief U.S. equities strategist at RBC. “We come up with a range of 2,300 to 2,600 as recession territory.” She said the average drop during a recession, since the 1930s, was 32%. The S&P had been as much as 29% off its Feb. 19 high. +***** +> “If [S&P] went below 2,300, it would be telling you the market is pricing in something worse than a recession, In the financial crisis we lost 57% and in the tech bubble, we lost 49%,” said Calvasina. +***** +> The S&P 500 was down 8.9% for the week, its worst loss since the week of Feb. 28. +***** +> “I think we needed to get through this week, in particular — the one where the country went into shut down and now get the second go around of policy response. If they really do bring out the bazookas we should be darn close” to the bottom, said Barry Knapp, Ironsides Macroeconomics director of research. +***** +> But strategists also point out that the coronavirus is unpredictable and it is hard to say when it will peak, even though many economists expect a bounce back in economic growth by the fourth quarter. +***** +> President Donald Trump declared a state of emergency Friday, which allows him to tap federal agencies to provide emergency funds and other responses to the crisis. The president also announced the government would buy oil to fill the Strategic Petroleum Reserves and that 1.4 million test kits would be available in the next week. +***** +> Markets will also be looking for further action, which the Trump administration says could include targeted financial aid to industries that are hard hit, like airlines. +***** +> As communities around the country attempt to stop the spread of the virus, the potential hit to the economy grows. Companies have told workers to work from home, universities are shutting campuses, a handful of states closed public schools, and major sporting and other events have been canceled. +***** +> “If it indeed is declared a recession, it will really only be a three-month drop in activity,” said Knapp. “In 2008, the household sector had the highest debt levels it ever had, and the household sector was in no position to respond to stimulus. This is quite different.” +***** +> “We see where are are today is pricing in a recession. It went from a growth scare down to recession territory,” said Calvasina. She said the market is not ready to move higher yet. “I think something else we’ve got to see in addition to extreme panic ratings from the sentiment indicators, we do need to see the news flow get better on the virus.” +***** +> Investors will continue to look for more action from Washington, and in the coming week it will also be the Fed’s policy response that could drive the market. +***** +> “In light of the continued growth in coronavirus cases in the US and globally, the sharp further tightening in financial conditions, and rising risks to the economic outlook, we now expect the FOMC to cut the funds rate 100bp on March 18, a faster return to the crisis-era 0-0.25% rate than under our previous call for two 50bp steps in March and April,” Goldman economists wrote. +***** +> The Fed on Thursday announced a significant increase in funds available for its repo operations, to provide liquidity for the short term funding markets. It also said it would purchase a broad range of Treasury securities, across maturities, with the $60 billion it currently uses to buy Treasury bills on a monthly basis. +***** +> Economists say the Fed could announce other policy moves, like purchases of mortgage securities. Some expect it to return to a “patient” stance, showing a willingness to keep rates extremely low for a long time. +***** +> Analysts have been watching the corporate bond market, where spreads blew out dramatically in the past week, particularly in high yield. Calvasina said she is not yet concerned. +***** +> “We’ve got problems in energy. We have problems in some hospitality related industries. There are pockets of stress, but for me, when I look across most S&P companies’ balance sheets are in really good shape,” Calvasina said. “I don’t think this is a prolonged sort of downturn.” +***** + +# **This past week saw the following moves in the S&P:** +###### **([CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!](https://i.imgur.com/iG7ENVB.png))** + +# **Major Indices for this past week:** +###### **([CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!](https://i.imgur.com/4gwPTzC.png))** + +# **Major Futures Markets as of Friday's close:** +###### **([CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!](https://i.imgur.com/h9DkOZJ.png))** + +# **Economic Calendar for the Week Ahead:** +###### **([CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!](https://i.imgur.com/4m2QVZH.png))** + +# **Sector Performance WTD, MTD, YTD:** +###### **([CLICK HERE FOR FRIDAY'S PERFORMANCE!](http://elite.finviz.com/grp_image.ashx?bar_sector_t.png&rev=636115211971930604))** +###### **([CLICK HERE FOR THE WEEK-TO-DATE PERFORMANCE!](http://elite.finviz.com/grp_image.ashx?bar_sector_w.png&rev=636115211971930604))** +###### **([CLICK HERE FOR THE MONTH-TO-DATE PERFORMANCE!](http://elite.finviz.com/grp_image.ashx?bar_sector_m.png&rev=636115211971930604))** +###### **([CLICK HERE FOR THE 3-MONTH PERFORMANCE!](http://elite.finviz.com/grp_image.ashx?bar_sector_q.png&rev=636115211971930604))** +###### **([CLICK HERE FOR THE YEAR-TO-DATE PERFORMANCE!](http://elite.finviz.com/grp_image.ashx?bar_sector_ytd.png&rev=636115211971930604))** +###### **([CLICK HERE FOR THE 52-WEEK PERFORMANCE!](http://elite.finviz.com/grp_image.ashx?bar_sector_y.png&rev=636115211971930604))** + +# **Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/akOOH97.png))** + +# **S&P Sectors for the Past Week:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/slVwGv2.png))** + +# **Major Indices Pullback/Correction Levels as of Friday's close:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/ASyHg6a.png)** + +# **Major Indices Rally Levels as of Friday's close:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/rbgSrGQ.png))** + +# **Most Anticipated Earnings Releases for this week:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/9nZfl7V.png))** + +# **Here are the upcoming IPO's for this week:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/eS99ijc.png))** + +# **Friday's Stock Analyst Upgrades & Downgrades:** +###### **([CLICK HERE FOR THE CHART LINK #1!](https://i.imgur.com/tEs62Hh.png))** +###### **([CLICK HERE FOR THE CHART LINK #2!](https://i.imgur.com/kMQTBj6.png))** +###### **([CLICK HERE FOR THE CHART LINK #3!](https://i.imgur.com/toentZ2.png))** +###### **([CLICK HERE FOR THE CHART LINK #4!](https://i.imgur.com/ozn837y.png))** + +***** + +# Signs Of A Washout? + +> The S&P 500 Index’s historic slide continued yesterday, culminating in nearly a 10% loss for the day, and leaving the benchmark index officially in bear market territory, just 16 trading days after setting a record high on February 19. In addition, the S&P 500 has now moved more than 4% each day this week, leaving investors and professionals alike wondering when this volatility could end. While nobody knows for sure, one thing we always look for at market bottoms are signs of extremes, both from a sentiment and price perspective. + +> From an anecdotal sentiment perspective, certainly fears of COVID-19 have reached the masses, with travel plans canceled and announcements of major events called off coming nearly every hour. However, investor survey data shows a similar story with the American Association of Individual Investors (AAII) Investor Sentiment Survey showing the highest percentage of bears since April 2013. In addition, the National Association of Active Investment Managers (NAAIM) Exposure Index, which represents the average exposure to US equity markets by the surveyed investment managers, reached its lowest level since September 2015. Following each of those instances, the S&P 500 rallied more than 13% over the next year. + +> Another way of gauging sentiment can be from the internals of the market. While the S&P 500 is now well below its 200-day moving average, that doesn’t mean each stock in the index has moved below its respective 200-day moving average. In fact, regardless of the broad market’s trend, when less than 20% of the individual components of the index are trading below their 200-day moving averages, it is considered an extreme. As shown in the LPL Chart of the Day, Thursday’s sell-off left less 6% of the S&P 500 there, a number last seen in March 2009. “These are truly frightening times,” explained LPL Financial Senior Market Strategist Ryan Detrick. “However, it is important to remember that the signs of panic we are seeing are typically found at or near major market lows.” + +> ###### **([CLICK HERE FOR THE CHART!](https://i2.wp.com/lplresearch.com/wp-content/uploads/2020/03/Signs_of_Washout.png?ssl=1))** + +***** + +# The Fastest Bear Market Ever + +> The historic volatility continues, with the Dow Jones Industrial Average officially setting its fastest move from a new all-time high to a bear market (down 20% from the highs) in the 124-year history of the index. It took only 19 days for this to take place, which is far and away the new record. + +> ###### **([CLICK HERE FOR THE CHART!](https://i2.wp.com/lplresearch.com/wp-content/uploads/2020/03/Bear-market-1-1.png?ssl=1))** + +> Not to be outdone, the S&P 500 Index is set to close down 20% from all-time highs today, doing this in only 16 days. Again, as of the time we are writing this blog, the S&P 500 is in bear market territory, but there always could be a chance for a late-day rally. + +> ###### **([CLICK HERE FOR THE CHART!](https://i2.wp.com/lplresearch.com/wp-content/uploads/2020/03/Bear-market-2.png?ssl=1))** + +> “From major sports postponing their seasons, to travel bans to Europe, the economic impact of the coronavirus is growing exponentially with each passing day,” said LPL Financial Senior Market Strategist Ryan Detrick. “Markets are pricing in a potential recession and inevitable second quarter slowdown, but it is all about expectations. Should the virus be contained and the worst-case scenarios not materialize, now could be a nice opportunity for longer-term investors.” + +> Last, one of Warren Buffett’s most famous quotes is, “Be fearful when others are greedy and be fearful when others are fearful.” We’ve seen many signs of extreme fear the past few days, but the CNN Fear & Greed Index hitting 1 earlier today is quite a historic level of fear. This proprietary indicator looks at multiple inputs (like put/call ratios, momentum, and volatility), but on a scale of 1-100, this morning’s 1 is the lowest level ever seen, besting the 2 it hit at the lows in December 2018. From a contrarian point of view, this could be quite meaningful. + +> ###### **([CLICK HERE FOR THE CHART!](https://i0.wp.com/lplresearch.com/wp-content/uploads/2020/03/Bear-market-3.png?ssl=1))** + +***** + +# Perspectives on Waterfall Declines + +> Volatile market action over the several weeks warrants some much needed perspective into the history of these types of waterfall declines. Fortunately, we have this research on hand and have been examining the nature of deep, fast selloffs like we have experience here in early 2020 as well as the nature of the inevitable and often sharp recoveries. + +> First of all yes, this time is different – and yet it’s not. The headline causes of each of these historic waterfall declines are all different and yet investor, trader and money manager behavior remains rather similar. Fear has once again exposed the market’s overvaluation and weaknesses. This time it’s the fear of the coronavirus pandemic and price war in the oil market that spills over into the rest of the financial. + +> Like the previous occurrences of waterfall declines in the table and graphs below the market reacted to fear and sold off fast and hard. It’s too early to tell if this waterfall decline is over or how fast and far the recovery will be. As we continue to analyze the current situation a thorough review of the history of waterfall declines and their subsequent recoveries should provide some much needed perspective. + +> ###### **([CLICK HERE FOR THE CHART!](https://66.media.tumblr.com/31cca506c45d87ad962ce9c707baf21a/fc7021573b50880b-76/s500x750/0a6588971f599cbbca194b38b62a47c087875238.jpg))** + +***** + +# Friday 13th, DJIA Attempting to Recover & End Losing Friday Streak + +> Friday is a significant day of the week because it is the last day of trading and positions held over the weekend could be at higher risk of an exogenous event or an unanticipated headline. Pages 143 & 144 of the Stock Trader’s Almanac 2020 show the difference in Friday performance during bull and bear markets. Friday’s have been weaker in bear markets. + +> However today, on a Friday the 13th of all days, DJIA is fighting to recover some of its losses this week and to end its streak of down Fridays at seven. Down Friday DJIA losing streaks of seven or more, like the current streak, are actually somewhat rare in history. Prior to this year, DJIA has had just six similar or longer down Friday streaks going back to 1950. The last streak of down Fridays was in March and April of 2017. The longest streak lasted nine Fridays beginning on the last Friday of 2000 and lasting into February 2001. + + > In the above chart the 30 trading days before and the 60 trading days after the last six DJIA down Friday losing streaks of seven or more have been plotted to display the average performance before and after the last down Friday of the streak. (There are on average 21 trading days in a typical calendar month) Weakness and lower was the trend during the down Friday streak, but once the streak came to an end, DJIA was higher 60 trading days later. + +> ###### **([CLICK HERE FOR THE CHART!](https://66.media.tumblr.com/c8d6237984423d89dc5b20f4a1bf7009/07327bf517318c16-1e/s500x750/13020ac23c0adf1831e35c982c37f1602a236fd1.jpg))** + +***** + +# Last Stocks Above Their Moving Averages + +> The massive declines over the past few weeks have left conditions extremely oversold. As we highlighted in yesterday's Sector Snapshot, breadth has been awful while there is no longer a single stock in the S&P 500 that is overbought (1 or more standard deviations above its 50-DMA). In fact, after yesterday's absolute washout, there is only a small handful of stocks that are above their 50 and 200-DMAs. In regards to the 50-DMA, less than 1% of stocks in the S&P 500 are above this average which is the first time that has happened since 2011. The only time in between that saw a similarly weak reading, although not quite hitting that under 1% requirement was back in December of 2018 when 1.19% of stocks were above their 50-DMA. As for the 200-DMA, only 5.59% are above that level. That is the lowest reading since March of 2009. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/03/MAs.png))** + +> The average stock is now 26.56% below its 50-day and 24.5% below its 200-day. The table below shows those 22 remaining stocks that are still above their 200-DMAs as of yesterday's close and the few that are also below their 50-DMA. Of these, only Regeneron (REGN), Kroger (KR), Digital Realty Trust (DLR), and Gilead Sciences (GILD) are also above their 50-DMAs. The only other stock in the index that is also above its 50-DMA is Cabot Oil and Gas (COG), though it is 11% below its 200-DMA. While these stocks have all held above their long term moving average recently, only GILD and REGN have risen since the index's high on 2/19. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/03/Above-200-table2.png))** + +***** + +# Selloff Erases All of US Market Cap Gains Since Election Day 2016 + +> With the US stock market down nearly 7% yet again today, the total market cap of US companies as measured by the Russell 3,000 has fallen $11.5 trillion in less than a month. On February 19th, total US market cap was just over $35 trillion. It's at $23.8 trillion as of this morning. + +> What makes this drop even more noteworthy is that $23.8 trillion was the market cap of US companies on Election Day 2016. At this point in time, all of the market cap gains seen since President Trump's election victory have been wiped out. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/03/raymktcap.png))** + +***** + +# Low Rates Send Mortgage Applications Surging + +> Coronavirus fears have broadly sent rates lower over the past month. Currently, the national average for a 30-year fixed-rate mortgage stands at 3.68%; just off the low of 3.55% from earlier in the month. With mortgage rates now basically at their lowest levels since late 2016, homeowners have been quickly enticed to jump on these lower rates. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/03/MRNA.png))** + +> Last week, weekly mortgage applications from the Mortgage Bankers Association showed a roughly 15% surge as rates were reaching record lows. In the time since then, the Fed's 50 bps cut came into effect and yields fell even further which led mortgage applications this week to surge 55.4%. That is the highest week over week increase in mortgage applications since November of 2008 when they had risen 112.1%. Outside of that period, we've only seen larger weekly increases a few other times since 1990. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/03/MA-1.png))** + +> The spike was driven largely by refinancing applications which rose 78.6% week-over-week. As with the composite, that was the biggest weekly jump in refi applications since the housing bubble. Prior to that, once again you would need to go back to 2001 or the 1990s to find larger weekly increases in mortgage refinance applications. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/03/MA-ref.png))** + +***** + +Here are the most notable companies (tickers) reporting earnings in this upcoming trading week ahead- + +***** + +> * **$NIO** +> * **$HQY** +> * **$FCEL** +> * **$MOMO** +> * **$FDX** +> * **$CRWD** +> * **$HUYA** +> * **$NBEV** +> * **$BE** +> * **$MDB** +> * **$BZUN** +> * **$BILI** +> * **$YY** +> * **$COUP** +> * **$MUX** +> * **$FIVE** +> * **$TME** +> * **$MIK** +> * **$CVSI** +> * **$ACRX** +> * **$ACN** +> * **$GES** +> * **$WPRT** +> * **$OLLI** +> * **$GIS** +> * **$CPRX** +> * **$PLCE** +> * **$DRI** +> * **$TLRD** +> * **$ZTO** +> * **$BAX** +> * **$LEN** +> * **$DLTH** +> * **$HDS** +> * **$CTAS** +> * **$SMAR** +> * **$WSM** +> * **$TCOM** +> * **$HIBB** +> * **$REI** +> * **$DBI** +> * **$CTRA** +> * **$GPL** +> * **$CMC** + +***** + +###### **([CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!](https://i.imgur.com/9nZfl7V.png))** +###### **([CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!](https://i.imgur.com/EKAkJgU.png))** +###### **([CLICK HERE FOR THE MOST NOTABLE EARNINGS RELEASES BEFORE MONDAY'S OPEN!](https://i.imgur.com/631cGTg.jpg))** + +***** + +Below are some of the notable companies coming out with earnings releases this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers: + +***** + +Below are some of the notable companies coming out with earnings releases this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers: + +***** + +> # ***Monday 3.16.20 Before Market Open:*** +> ###### ([CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/FLCjERW.png)) + + +> # ***Monday 3.16.20 After Market Close:*** +> ###### ([CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/GCK6dns.png)) + + +***** + +> # ***Tuesday 3.17.20 Before Market Open:*** +> ###### ([CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/J7uVG2b.png)) + +> # ***Tuesday 3.17.20 After Market Close:*** +> ###### ([CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/ADUyE5E.png)) + +***** + +> # ***Wednesday 3.18.20 Before Market Open:*** +> ###### ([CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/q2AM8aO.png)) + +> # ***Wednesday 3.18.20 After Market Close:*** +> ###### ([CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/sXXUKYj.png)) + +***** + +> # ***Thursday 3.19.20 Before Market Open:*** +> ###### ([CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/ZISY7gz.png)) + +> # ***Thursday 3.19.20 After Market Close:*** +> ###### ([CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/pgdAKJu.png)) + +***** + +> # ***Friday 3.20.20 Before Market Open:*** +> ###### ([CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!]()) +NONE. + +***** + +> # ***Friday 3.20.20 After Market Close:*** +> ###### ([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]()) +NONE. + +***** + +# NIO Inc. $3.11 +> **NIO Inc. (NIO)** is confirmed to report earnings at approximately 6:40 AM ET on Wednesday, March 18, 2020. The consensus estimate is for a loss of $0.37 per share on revenue of $412.45 million and the Earnings Whisper ® number is ($0.34) per share. Investor sentiment going into the company's earnings release has 46% expecting an earnings beat The company's guidance was for revenue of approximately $393.00 million. Consensus estimates are for year-over-year earnings growth of 24.49% with revenue decreasing by 17.46%. Short interest has decreased by 21.0% since the company's last earnings release while the stock has drifted higher by 6.5% from its open following the earnings release to be 5.8% above its 200 day moving average of $2.94. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, March 13, 2020 there was some notable buying of 1,321 contracts of the $2.00 put expiring on Friday, April 3, 2020. Option traders are pricing in a 21.9% move on earnings and the stock has averaged a 20.6% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=NIO&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# HealthEquity, Inc. $53.99 +> **HealthEquity, Inc. (HQY)** is confirmed to report earnings at approximately 4:00 PM ET on Monday, March 16, 2020. The consensus earnings estimate is $0.34 per share on revenue of $198.49 million and the Earnings Whisper ® number is $0.37 per share. Investor sentiment going into the company's earnings release has 73% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 25.93% with revenue increasing by 161.94%. Short interest has decreased by 21.5% since the company's last earnings release while the stock has drifted lower by 21.4% from its open following the earnings release to be 18.3% below its 200 day moving average of $66.07. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, March 4, 2020 there was some notable buying of 551 contracts of the $65.00 put expiring on Friday, September 18, 2020. Option traders are pricing in a 19.4% move on earnings and the stock has averaged a 4.3% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=HQY&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# FuelCell Energy, Inc. $1.15 +> **FuelCell Energy, Inc. (FCEL)** is confirmed to report earnings at approximately 7:00 AM ET on Monday, March 16, 2020. The consensus estimate is for a loss of $0.09 per share on revenue of $9.80 million and the Earnings Whisper ® number is ($0.10) per share. Investor sentiment going into the company's earnings release has 49% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 50.00% with revenue decreasing by 44.89%. Short interest has increased by 20.7% since the company's last earnings release while the stock has drifted lower by 46.8% from its open following the earnings release to be 23.2% above its 200 day moving average of $0.93. Overall earnings estimates have been revised lower since the company's last earnings release. The stock has averaged a 30.5% move on earnings in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=FCEL&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# Momo Inc. $23.57 +> **Momo Inc. (MOMO)** is confirmed to report earnings at approximately 3:15 AM ET on Thursday, March 19, 2020. The consensus earnings estimate is $0.74 per share on revenue of $654.51 million and the Earnings Whisper ® number is $0.77 per share. Investor sentiment going into the company's earnings release has 77% expecting an earnings beat The company's guidance was for revenue of $642.00 million to $656.00 million. Consensus estimates are for year-over-year earnings growth of 32.14% with revenue increasing by 17.07%. Short interest has increased by 54.1% since the company's last earnings release while the stock has drifted lower by 37.4% from its open following the earnings release to be 31.0% below its 200 day moving average of $34.17. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, March 10, 2020 there was some notable buying of 1,063 contracts of the $27.00 call expiring on Friday, April 17, 2020. Option traders are pricing in a 18.0% move on earnings and the stock has averaged a 8.0% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=MOMO&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# CrowdStrike, Inc. $39.55 +> **CrowdStrike, Inc. (CRWD)** is confirmed to report earnings at approximately 4:05 PM ET on Thursday, March 19, 2020. The consensus estimate is for a loss of $0.08 per share on revenue of $137.67 million and the Earnings Whisper ® number is ($0.06) per share. Investor sentiment going into the company's earnings release has 82% expecting an earnings beat The company's guidance was for a loss of $0.09 to $0.08 per share on revenue of $136.00 million to $139.00 million. Short interest has decreased by 52.2% since the company's last earnings release while the stock has drifted lower by 26.8% from its open following the earnings release. Overall earnings estimates have been revised higher since the company's last earnings release. The stock has averaged a 10.4% move on earnings in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=CRWD&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# FedEx Corp. $106.63 +> **FedEx Corp. (FDX)** is confirmed to report earnings at approximately 4:00 PM ET on Tuesday, March 17, 2020. The consensus earnings estimate is $1.69 per share on revenue of $17.19 billion and the Earnings Whisper ® number is $1.67 per share. Investor sentiment going into the company's earnings release has 23% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 44.22% with revenue increasing by 1.06%. Short interest has increased by 16.0% since the company's last earnings release while the stock has drifted lower by 29.6% from its open following the earnings release to be 31.2% below its 200 day moving average of $154.91. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, March 10, 2020 there was some notable buying of 1,131 contracts of the $85.00 put expiring on Friday, April 17, 2020. Option traders are pricing in a 17.4% move on earnings and the stock has averaged a 7.8% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=FDX&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# HUYA Inc. $15.40 +> **HUYA Inc. (HUYA)** is confirmed to report earnings at approximately 6:00 PM ET on Monday, March 16, 2020. The consensus earnings estimate is $0.13 per share on revenue of $339.95 million and the Earnings Whisper ® number is $0.15 per share. Investor sentiment going into the company's earnings release has 80% expecting an earnings beat The company's guidance was for revenue of $334.00 million to $345.00 million. Consensus estimates are for year-over-year earnings growth of 85.71% with revenue increasing by 55.31%. Short interest has increased by 65.2% since the company's last earnings release while the stock has drifted lower by 38.4% from its open following the earnings release to be 28.9% below its 200 day moving average of $21.66. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, February 21, 2020 there was some notable buying of 774 contracts of the $18.00 put expiring on Friday, July 17, 2020. Option traders are pricing in a 19.3% move on earnings and the stock has averaged a 5.4% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=HUYA&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# New Age Beverages Corporation $1.46 +> **New Age Beverages Corporation (NBEV)** is confirmed to report earnings at approximately 6:00 AM ET on Monday, March 16, 2020. The consensus estimate is for a loss of $0.08 per share on revenue of $65.80 million and the Earnings Whisper ® number is ($0.10) per share. Investor sentiment going into the company's earnings release has 53% expecting an earnings beat. Short interest has decreased by 15.8% since the company's last earnings release while the stock has drifted lower by 35.7% from its open following the earnings release to be 49.2% below its 200 day moving average of $2.87. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, March 4, 2020 there was some notable buying of 2,000 contracts of the $1.50 call expiring on Friday, June 19, 2020. The stock has averaged a 5.6% move on earnings in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=NBEV&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# Bloom Energy Corporation $6.12 +> **Bloom Energy Corporation (BE)** is confirmed to report earnings after the market closes on Monday, March 16, 2020. Investor sentiment going into the company's earnings release has 64% expecting an earnings beat. Short interest has decreased by 5.4% since the company's last earnings release while the stock has drifted higher by 36.9% from its open following the earnings release to be 21.5% below its 200 day moving average of $7.80. On Tuesday, March 10, 2020 there was some notable buying of 1,772 contracts of the $9.00 call expiring on Friday, March 20, 2020. The stock has averaged a 19.3% move on earnings in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=BE&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# MongoDB, Inc. $115.17 +> **MongoDB, Inc. (MDB)** is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, March 17, 2020. The consensus estimate is for a loss of $0.28 per share on revenue of $110.38 million and the Earnings Whisper ® number is ($0.26) per share. Investor sentiment going into the company's earnings release has 73% expecting an earnings beat The company's guidance was for a loss of $0.29 to $0.27 per share on revenue of $109.00 million to $111.00 million. Consensus estimates are for earnings to decline year-over-year by 55.56% with revenue increasing by 29.12%. Short interest has decreased by 6.3% since the company's last earnings release while the stock has drifted lower by 20.4% from its open following the earnings release to be 19.6% below its 200 day moving average of $143.28. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 18.9% move on earnings and the stock has averaged a 8.4% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=MDB&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# DISCUSS! + +What are you all watching for in this upcoming trading week? + +***** + +I hope you all have a wonderful weekend and a great trading week ahead r/stocks. +I have \~$80K for student debt. I make around $150K in my job. For the last year, instead of looking for a home, I have been aggresively working on my debt. Debt was originally at $150K and I paid off the private loans with higher rates (\~10%). Now all that's left are federal loans, which start back up next month. The highest rate I have is 7%. + +Did I make a mistake by not buying a house while rates were low? Honestly, I didn't want to get into a mortgage while I still had a ton of student debt. Also, I have only been in this job for a year and I wanted to get my footing first before making such a big financial decision like buying a home. I still would like to pay off my student loans before buying a home (also I work remote and don't even know where I want to live, which makes the home-buying process more stressful). +Hi fellow FIRE parents - + +Quick facts: female, pregnant, have a 12 month old son, live in the US, fully vaccinated, $11-12M NW as that seems to be a standard stat in this sub + +So my husband is from EU and our 12 month old was born during the height of covid. Due to wanting to be extra safe during pregnancy pre-vaccine and not wanting to expose our infant, my son still has never met his European grandparents or any of my husbands friends or family. It’s also been nearly 2 years since you husband has seen them. Normally we’d fly over 3-4x a year. + +I know this isn’t a unique story - covid has caused many delayed joyous occasions. However, we are now considering flying to see them, specifically so they can meet my son. They planned to come here multiple times over the past year but the US borders continue to be closed to them. Given I am pregnant and we have a baby… we want to take as many safety measures as possible. Of course we will wear masks the whole time and keep my son as far away from folks as possible but we are wanting to learn from parents with more experience flying internationally with kids during covid than us… + +- Should we fly first class? Would that be any safer or more comfortable a baby? He’s very well behaved but I’m sure seatmates wouldn’t love it. +- should we buy 3 coach tickets so we are guaranteed not to have a person next to us? +- any airlines that are known for being better than others for this? My husband thinks BA or Virgin + +Honestly we have always flown coach, both when we were worth $10K and now at $11M+. We are stealth wealth but when it comes to safety, I can splurge… + +Any suggestions for the safest way to go? Not going to book a private jet but as worried about money within reason. + +Really appreciate any insights from you kind strangers. +Sure, I get your money can go a lot longer if in Thailand or Indonesia for example but is that worth moving from all your family, friends, ex colleagues etc? + +Interested in hearing some of y’all thoughts +GME - Good Morning Apes (I am in the Eastern Time Zone, but I just want to say that and I can because it's the morning in Asia and Australia), + +Last week, I bought 3 Tesla shares to compare their split process with GME's split process and I posted [Update 1](https://www.reddit.com/r/Superstonk/comments/x1hyx5/update_1_gme_vs_tesla_dividend_split/) just do entertain you retards that are too busy flinging feces around when you have too much time in your hand. That post was incomplete as I did not have the Tesla split info yet as my current broker's rep is being really difficult to deal with and not very co-operative. Some of the screenshots will be repetitive, but I want save a click for you retards that are too lazy to even use your opposable thumb to click. Here's what I got: + +[This is my transaction record for my GME dividend](https://preview.redd.it/ocgo1desmbl91.jpg?width=727&format=pjpg&auto=webp&s=3a0fbf376c88b27ca376048d94a5f6385685bb03) + +[This is my transaction record for my Tesla dividend](https://preview.redd.it/e64l21tumbl91.jpg?width=727&format=pjpg&auto=webp&s=4dd745e1d4e3e3886d81f162ef35eba43f1bd18a) + +&#x200B; + +[This is my transaction record when I filtered my dividend payment history](https://preview.redd.it/emh1bebymbl91.jpg?width=1611&format=pjpg&auto=webp&s=f1ea3b91f9037362504f127361767f1f2f4e84d7) + +&#x200B; + +[This is the GME \\"Corporate Action Notice\\" that my current broker received from CDS, The Canadian version of the DTCC.](https://preview.redd.it/gjjird84nbl91.jpg?width=1600&format=pjpg&auto=webp&s=94051c1f326de43fbc20589f820c8a090938b922) + +&#x200B; + +[This is the GME \\"Corporate Action Notice\\" that my NEW broker received from CDS](https://preview.redd.it/udx2j9mvnbl91.jpg?width=1526&format=pjpg&auto=webp&s=8ea39c233a859bc6c71e29fa70b96c6f230cd52e) + +[This is the Tesla \\"Corporate Action Notice\\" that my NEW broker received from CDS](https://preview.redd.it/mb4cofeznbl91.jpg?width=1537&format=pjpg&auto=webp&s=61c114a5b14ff19fae9baba6a9d745ed5061bfef) + +From the information provided by both brokers, I don't think I have enough wrinkle in my brain or data in the corporate action notices to tell if it's a plain split or a dividend split for both stocks. However, the notice from my new broker shown consistency between both GME and Tesla split. + +As I mentioned earlier, my current broker's rep is not being very co-operative with my requests and have been providing me with info that indicates that he's either lazy or incompetent or he's being instructed not to provide what was requested. Here my request email for your entertainment: + +&#x200B; + +[My Tesla Corporate action notice request from my current broker.](https://preview.redd.it/jdzuoem7zbl91.jpg?width=1354&format=pjpg&auto=webp&s=06b2bce88e8c18fe98eeecfe106715f1a8f55085) + +As of this post, I still have not received any update from my current broker's rep. Based on my communication history with him, if I don't follow up with this item, I don't think I'll get an update from him. + +Where do we go from here? In the previous post, u/wily_jack suggested that I should buy a stock $PANW that was supposed to be a normal split. However, I checked that they also do a stock split in the form of a dividend, see below. From my research there are a lot of stocks that split in this way. + +[ Palo Alto Networks stock split info.](https://preview.redd.it/50rl2d6xvbl91.jpg?width=1491&format=pjpg&auto=webp&s=ead25b89dc648eed4dc07d4edb83d4ff38817e76) + +Now, you may think that I'll stop there, but wait, there's more. I actually went and look for another stock that just did a plain split recently. Guess what, some apes may not like the stock that I will be mentioning, but hold your pitch folks for back for a second. I reviewed Amazon's recent stock split and noticed that they just did a plain stock split. + +[Amazon's stock split info](https://preview.redd.it/0gg7iwxpwbl91.jpg?width=1887&format=pjpg&auto=webp&s=266a21b13d6eba120ddb8d0ca64074b71ad2a340) + +If any ape that owns Amazon, it'll be very helpful if they can post some info of how that split in their account, that'll be helpful to us. I promise, I'll be the first one to try shield all the poops that flings your way when post the info. + +All in all, this is a very emotional taxing exercise for me as I had to pretty much put on my A-hole hat and be very demanding of my current broker's rep in order for him to provide me with any info related to the corporate action notices. As a result of this exercise, I decided to move to a new broker that is more co-operative. I was able to receive the requested corporate action notice for GME and Tesla that I requested in a timely manner from my new broker. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +My 19 yo daughter is in community college. Has no debt and living with me for now. +I want her to get started early and saving for retirement or invest in the stock market long term. She is working part time but I would like her to at least invest $50 or $100 per month. Her job does not offer any 401k and is a temporary job. + +What are the best options? Roth IRA? or DCA with fractional shares? +She has some savings for emergency for her own. +I just did some research on VWAP and even though many people work off VWAP, it is very different between platforms. On PALT this morning, IB had it at 11.91, Webull at 12.18, Fidelity at 11.87, NinjaTrader at 11.76, Medved Trader at 12.10. Three are close to each other, and another two are close to themselves. I think it is when the calculation starts, but just using defaults, traders are going off different VWAPs. + +Has anyone else compared VWAPs and found out which are most commonly used or know why they're all different? + +Everyone says they're buying off VWAP, but since they're all different, not everyone is looking at the same thing. +Hello traders, +For the past month, I've been trading a small account ($2k) with a strategy that I've backtested thoroughly. So far I'm able to make an average return per trade of %0.6. I only trade large cap stocks with high volume to avoid sudden price drops. My plan is to test it for another month and if it still does well, then I'll continue doing that with a larger account ($20k or more). + +But my question is, would that be the same? I know the P&L is magnified, but is it true that if you can be profitable with $100 then you can be profitable with $100k too? What are the factors which affect your strategy when you're trading a large account compared to a small account, if there are any? Thanks. + +P.S. %0.6 return a day. I trade once a day. +Do you have a passion project? Or a passion cause? Pent up task? just waiting for time to free up? + +What is it? + +For me, I’m a builder by trade and loved small houses before it was in style. My ultimate passion project and post-REtirement plan ('cos who has the time) is building a tiny (600sf) luxury home as the primary builder somewhere amazing (Sedona or ST. Pete Beach are leading contenders). To be clear, the goal is to build it myself and maybe hire on a few people to do the isht I detest (sanding, painting, HVAC). + +For my spouse its a 60 day trek (read secular pilgrimage) through El Camino de Santiago. I'm not entirely enthused by this but I've committed to trudge along (for at least part of it). + +I'm a bit curious to what others have planned. Perhaps even some ideas to borrow from. + +*Note:* This is not a how to achieve or maintain fatFIRE status post. It’s more on the how to use the resources (time and capital) afforded to you by fatFIRE-ing. I’ll let mods decide on its relevance to the sub. +I was wondering what your opinions were about long-term savings plans like the set of SBI Savings Plans (examples would be the SBI Life - Smart Platina Plus and Smart Platina Assure) or similar. I'm mainly asking about the pros and the cons. Also, if someone has any alternative plans for this type of long-term investing, I'd be obliged to know that too. Please note that this question mainly concerns SAFE/assured long term plans, so would appreciate for any discussion to take that into account. In concrete terms, let's assume this is for a salaried individual capable of paying a premium of 1 lakh rupees yearly at the moment. Thank you for any opinions. + +&#x200B; + +(Edited) +What kind of data do you use to judge performance? And what's your procedure of picking? + +Can one blindly trust ratings such as that of CRISIL for MFs? +You might see another 10% correction in the rupee from the current levels. I think the stock market has not completely priced it in. Although the rise in the U.S. interest rate and dollar is already priced in, we may see some more correction once the market level rises. + + +I don’t think that Indian markets have entered a bear market in a true sense since it is said that a 20% fall from the high is a bear market. While I think there will be further corrections but those will not be huge. +- Joseph Bernhard Mark Mobius is among the best-known emerging markets fund managers + + +https://www.thehindu.com/todays-paper/tp-business/indian-markets-not-in-a-bear-phase-yet/article25304527.ece +So, I have decent savings which I currently keep in FD's, and usually have \~5k lying around in savings. + +I checked my CIBIL score in SBI and it was basically a No-Hit since I've never taken a loan or used a credit card. + +I was thinking of getting one for: + +1. Improving my Credit Score. +2. Security against misuse. + 1. If Lost one cannot simply withdraw money. + 2. If someone makes a suspicious purchase, I can call my bank to cancel the purchase and block the card? +3. When I'm planning to make a huge purchase, I do not need to keep huge sums of money lying in my savings instead of FD/RD/PPF and such. I can simply repay when I get my next salary. + +What are the downsides of getting one if you are always going to pay the debt at the end of the month, other than the credit card charges and maybe some taxes? +What's your view on buying yes bank for long term, say a year. + +What levels would you expect in a year ? Also do you expect it to go low, offering a better buying price. +Any other recommendations for a long term stock. +**Good Morning (Bore da) from Wales!** + +I've been away for a few days but had to call short my holiday because so many apes were requesting sheep movement updates. + +I kept a passing interest in the GME ticker whilst away but I've long since learned that without a clear line of sight to the sheep I'm as clueless as the next ape, and just as clueless as our wrinkly brained super apes with their fancy graphs, numberology and acronym fetishes. + +**Sour GrAPE?** I note that u/rensole neglected to add me to the list of apes to keep an eye on in todays daily news. Rensole was clearly keen not to over burden apes with overly complex DD, since his list included basic quant and exponential curve ideas - but I think it's important apes get the real meat, the real lamb and the chance to at least try and grow some wrinkles. + +**Reminder**: My field work can be relied upon to inform your financial decisions, if that is your thing. I am not a sheep and will never pull the wool over your eyes. **This DD builds on my magnum opus:** [https://www.reddit.com/r/Superstonk/comments/nkpmnv/mother\_of\_all\_sheep\_studies\_1\_2\_and\_3\_my\_magnum/](https://www.reddit.com/r/Superstonk/comments/nkpmnv/mother_of_all_sheep_studies_1_2_and_3_my_magnum/) + +**M**other **o**f **A**ll **S**heep **S**tudies update: + +***Suggested Welsh Reading Accent:*** *Catherine Zeta Jones* + +***Suggested Welsh Reading Music:*** *Motorcycle Emptiness, Manic Street Preachers* + +**It's almost time for the spring lambs to be sent to market** \- as such they are quite literally 'lambs to the slaughter' and when that day comes it will be a bullish signal of MOASS, since GME has a negative beta correlation to OLV (Operating Lamb volume). A reminder that negative beta tells us what has happened, not what will happen - so no mint sauce until market day. + +[Expect after hours movements once straw dumping ceases](https://preview.redd.it/b9oygveh2f571.png?width=1024&format=png&auto=webp&s=0b5f6e4a567d0634e0a04709d5b9b0d86388ebaf) + +**Short Grass has not been covered -** We've enjoyed a spell of hot weather and that has exposed farmer Gryff Gryffyn's less than cunning plan to hide the short grass OTM (On the moor). Said moorland is becoming parched and the shorter grass is rapidly becoming ungrazebale , to such an extent that it may not even be mowed, or 'trimmed' on the usual T-21 cycle. Sheep are thus grazing on longer grass and farmer Gryffyn can be seen frantically laying synthetic turf on the more exposed areas of the field. **Desperate Stuff, and Bullish.** + +**5 cubic metres of straw dumped in field -** for the last few days a tractor has been tipping regular quantities of straw into the feeders in the upper field, totalling approx 5 cubic metres (or 5 million pieces of straw in old language). + +***This has had two effects:*** Firstly the straw suppresses the long grass around the feeders as the sheep converge to feed on it. Secondly, the straw leads to sideways grazing, as sheep move from their usually more volatile behaviours to a carefully orchestrated rotation between straw feeder and traditional grazing. + +[Bullish manoeuvres - caption left should read 'flimsy field wall'](https://preview.redd.it/vmokutms3f571.png?width=4000&format=png&auto=webp&s=03ffdd4e3f4eb77301dc15f59658643ea889b209) + +**Edit 1:** I've been asked to share my analysis of the impact of RC Float Tweet on 25 May, so I've included that below. If any quant apes want to go deeper, I'll send you the files. + +[Self Explanatory](https://preview.redd.it/ncd26qq05f571.png?width=2048&format=png&auto=webp&s=7501bb03af0e74c55eef707a14e69200ad744dd4) + +**TLDR:** + +* Silence of the lambs is **imminent** +* Straw dumping now finished, **expect more volatility** in days ahead +* **Short grass is naked** and getting burned +* **BAA volume highest after hours**, as dusk falls \* BAA stands for 'Bleating Animal Audio' and is used by experts in this field to measure the total number of sheep grazing at any given moment. + +Diolch / Thank you - hope that filled a DD sized gap in your day + +**Deep Fucking Valley** signing out. + +🐑🚀🐑🚀🐑🚀🐑🚀🐑🚀 + +[And they hate mayo, even minty mayo](https://preview.redd.it/ipcxiqcy1f571.png?width=1632&format=png&auto=webp&s=1eeae27b32c941c138c8e503401a1041e7cfcbaa) +...and there comes a point in time where a) still won't prevent b) from happening. + +Why is there *still* no formal timeframe for HF to larger block on the roadmap? + +EDIT: Thank you to /u/eragmus for coming in and starting a productive conversation +I just had my credit information stolen and used to purchase tickets for Spirit Airlines (I know what you are thinking, those poor poor thieves). What was interesting is that I immediately got a notification via text message from a service purporting to be PNC Bank alerting me to the fraudulent transaction. They asked via the text that I contact their 800 number immediately to freeze the card and work on the situation. I logged in online, and sure enough there was a fraudulent charge on my card. I went back to the text, and was very close to clicking the number in the text, when I decided I would just double check online which number to call for PNC Fraud. Long story short, it was the first my bank had heard about the fraudulent transactions, and they informed me that the number I had been texted from was definitely from the fraudsters, as neither Visa nor PNC had made any effort to reach me just yet. They had me send in screenshots of the text conversation and reconfirmed that this person was not associated with PNC or Visa (It was a 5 or 6 digit service number). + +TLDR: If you receive a "Fraud Alert" text, even if the fraudulent charges are genuine, DO NOT CALL THE NUMBER IN THE TEXT. There is the distinct possibility it is the scammer attempting to finish stealing the remainder of your information by putting you through 'caller authentication' whereby they can gain access to everything else necessary to steal money from all your accounts. +This week will be massive with the infrastructure bill being passed and some of reddit's favorite companies with earnings, it could be absolute chaos. Here are some companies with earnings this week + +• Disney + +• Palantir + +• Corsair + +• Paypal + +• Coinbase + +• SoFi + +• Roblox + +• Virginia Galactic + +• The Trade desk + +• A Chinese car company who's name I cannot mention + +What do you guys think about this upcoming week? +I see posts saying stuff like cancelling Netflix isn't going to help you, or not ordering that $5 coffee isn't going to help you, but it can. + +Saving $10/month on Netflix is $120/year + +$5 a day for coffee every weekday is 100 a month, or $1200 a year. + +**Of course, it's no good to just live life without any enjoyment. I'm not saying to not get Netflix or not to get that coffee. But sometimes you have to consider what's important at the moment**. + +A lot of poor people already understand this. But I'll still see comments being like saving and keeping track of what you spend can't and won't help you. But it can. + +**Again, I'm not saying to not get the things you enjoy, it's a dull world if you're only ever responsible with your money. But sometimes you do need to consider what's more important at the moment. For instance, I have Netflix, but there were months when I had to cancel it because other things were more important at that time.** + +I saved up spare change for a year or close to a year. I ended up getting $52 back from the bank when I exchanged it. Which might not seem like a lot, but hey, $52 is $52, not a crazy amount of money, but still, something there. To help with groceries, putting gas in the tank, eating out or doing something fun with it. +Got a friend recently she's an accountant. she seems to know all my financials. My question is, Can any random accountant search our name in government or tax database or something to see previous tax returns and money and all? + +Im bit weirded out because I hv heard stories of people that work at banks searching famous actors etc to check whats in their accounts etc.. is any banker's here also that know of this?. + +Edit: Appreciate y'all feedback. Hope some others here learnt something new today too. +So don't go fucking broke. + +There's a lot of new people here, and a lot of young people here, and on online forums lying-as-memes gets taken seriously by the naieve and the stupid. So even though I'm a super fag for writing this gay shit, I'm going to break it down for you how you can increase your risk-taking. It's by being financially secure in 4 steps. Then you can blow whole paychecks on SPY calls. I've clawed my way out of legit stealing-electricity poverty and this is how you stay out. + +1) Get a 1.5% cash back credit card, put your expenses on it, and here's the important part, *pay it off every fucking month so you don't pay interest.* This will give you like $400 bucks a year plus sweet perks like fraud protection and sometimes insurance. + +2) Bundle your insurance for cheaper rates. + +3) Put 3-6 months worth of bills in a fucking ALLY HIGH YIELD SAVINGS ACCOUNT. You FUCKING CUCKS joke about that shit all the time but when you smash your fucking car and need to get to work for a week, Robinhood will not be forthcoming on the bank deposits. + +4) Start a ROTH *401k because tax rates won't get better. Ideally you max this bitch out with employer contributions but we want to leave money for TSLA losses so go for at least 2k a year. EDIT: TO CLARIFY, Let your the fucking investment company handle this account. Don't look at it. Don't touch it. Check it twice a year for 30 years. Do a growth stocks mix if your're young, switch it to more bonds when you're older. Don't be the two retards in this thread with options enabled who treat this shit like a 2nd TD Ameritrade account. The account manager will do a healthy mix of growth stocks and other shit and you'll have a cool mil when you retire despite your fuckups here. + +And that's it. Do this, THEN lose on options. This will keep you out of the god damn payday loan shop. You can keep eating chicken instead of peanut butter. + +More importantly, you can take riskier plays because you're not worried about losing the money you need for fucking rent. +I’m a guy from a third world country just looking to invest my savings. I tried looking in traditional investment options but sadly got priced out. + +I believe Cryptocurrency with their infinitely divisible nature is transforming the world. you could put $1 and already see it appreciate decently ,and that’s what made me in love with it. +Just got my masters and completed 3 months volunteering in Uganda with a charity. I'm looking to get a job with a charity ideally in the International Development sector but these jobs are unbelievably competitive and relatively low paying. + +I've seen multiple entry level job adverts with a starting salary of 21k a year but a few people have told me that's no where near enough to live in London and my course mates are saying they're not applying for anything less than £25k. Personally I just want to move out of my mums house, get some quality employment experience and move in with my girlfriend. We're both happy to share a room in a house share and would actually prefer it to meet some new people in the city. I've always lived off a low income from being a student and working full time as a bartender so I know how to live on the lower income side of life. + +I do have some serious inheritance money (50k+) but my Auntie handles the account and I've been told to save that for when I look to buy a house. I'm currently working part-time in a restaurant while living at home to save some money and get out of my overdraft. + +Is 21k doable? Is it worth it for the employment experience or should I just be patient and wait for a higher paying job which could take longer? + +Any help would be appreciated because this all feels quite overwhelming! +Good advice for new grads. Wish someone told me this stuff earlier. Probably wouldn't have financed that brand new car right after school. + + +http://gamingyourfinances.com/2013/06/12/tips-for-college-graduates-avoid-lifestyle-inflation/ + + +Tips to avoid Lifestyle Inflation: + + +Pay Yourself First: + +Set an automatic amount to come off your paycheck directly into a savings account. Use this money for an emergency fund, down payment on a house, buying a car with cash, or early financial independence. Start with a simple budget and learn how to control your expenses. You’d be surprised how a few $’s here and there add up to over +10% of your net income. Aim for a 20-25% savings rate at first and increase that over time with future raises. + + +Bank those Salary Increases: + +Put a large portion of any salary increase automatically into your savings account. Putting away 75% of your net increase is a good guide. Leave yourself with 25% as a reward for your hard work but put the rest into savings each month. This will help you increase your savings rate from 25% to 50-60% over time. + + +Choose Friends Wisely: + +It’s not hard to spend $150 on a fun night out at the bars, but it’s also not hard to spend $20 and have the same amount of fun. The difference is who you’re with and where you go. Friends whose social pressure causes you to spend more will cost you dearly, both in the short term and in the long term. Focus on friends who value relationships over material possessions and flashy spending. + + +Pick the right Status Symbols: + +Status symbols are easy ways to waste money. Typical status symbols include a fancy car, designer clothes, expensive meals/bar tabs, high tech toys etc. Purchasing these items typically result two negative effects. Number one, they suck up a lot of your disposable income. Number two they result in a form of self-segmentation, you’ll find yourself in a new high spending social group who values this type of consumer lifestyle. Less expensive status symbols include personal health/fitness, life experiences, travel and your personal attitude, optimism and confidence. These things also affect your social status but are far less expensive. These social groups also put less value on money and consumption. + + +Buy things Slightly Used: + +One of the great things about lifestyle inflation is that everyone else is doing it! Take advantage and get great items for a fraction of the cost by buying slightly used from Craigslist. Decide on what you need and start browsing Craigslist periodically. Guaranteed, you’ll find exactly what you need and it will cost you pennies on the dollar. + + +Invest in Quality: + +No one said you can’t spend your hard earned money, just make sure you invest in quality items, not impulse buys. As a general rule of thumb you should spend 1hr on research for every $100 spent. Need a new bed? Invest in one that is high quality and will last for +10yrs and provide a restful sleep. Spending $2000 on a high quality bed means at least 20hrs of research. This rule will help you avoid impulse purchases and instead make high quality consumer investments that will definitely outlast cheaper items. +In 2008 they bailed out the bankers and left us all high and dry. Covid they gave $1200, and then $600, and the $1400 (after promising $2000), all while printing endless money for corporations. No federal rent protection (don’t worry your years worth of rent is ALL DUE AT THE SAME TIME). Only temporary mortgage, student loan, rent, relief. It’s all coming to an end in September. + +Every call to action, every “here’s what we need to do now”, that isn’t BUY, HOLD, VOTE, is fucking FUD! All these hedges want to do is kick the can down the road and hope that the SEC OR DTCC rescues them, which they will the more exposure their fuckery gets. The government will rescue them, like they always have! Not you, you really trust them? + +Just fucking buy, hold, vote. Make and enjoy memes. Read DD. This will only happen naturally. +Hi, think I already know the answer to this but interested in other peoples opinions. The company I work for has offered me a company share save scheme. The option price is 20% cheaper than current market rate and the money comes out of my net pay. I already put the max into my pension at 10% which the company also matches and it keeps me in the 20% tax bracket. Thinking of putting a £150 a month into the scheme so already getting instant 20% saving on the tax. It seems like a no brainer to me. Am I missing anything? + +EDIT- comes out of net pay not gross so no tax saving and no plans on leaving the company anytime soon +My 3% fixed rate is up shortly on my 1 bed flat and it looks like it will now be around 5%. I am currently paying £297 pcm on a mortgage with £82,000 and 38 years left, the flat is worth around £110,000. + +Rather conveniently, due to a good and frankly luck investment my Dad made over 20 years ago for me, I am due to receive around £80,000 in the next couple of months. I know index like the S&P funds usually get around 9% on average (above the mortgage rate), but that is not guaranteed, in the 70's and 00's it was fairly flat. So I am thinking do I just pay it off, maybe pay half my mortgage and invest the other half or should I just invest it all? I have no reason to get a better flat or a house as I am single. + +For context I currently earn £24k pa with £20k in investments and a £5k in an emergency fund (as per flow chart lol). I have around £4,500 in a car loan at 2.5% which cost £112 a month and a £1,000 MacBook finance which is 0% and costs £38 a month. I'm not sure what I should do with these either as they are at a very low interest rate but income/expenditure wise I am pretty much breaking even currently. + +Any thoughts are much appreciated. +Hi all, as a student I had the NUS extra card and when I graduated I renewed for a 3 year one, that £30 for three years was one of the best investments I ever made as I got to keep student discounts for 3 years whilst working and it saved me a lot moving to a city. + +They've just released a new card called the "Totum Pro" for alumni of the student card, it seems you can only apply for one if you've had one in the past and still have an account. (Unsure if you can apply for one if you weren't in it before) But If you were I'd definitely recommend looking in to it as I found the savings from shopping and "fun" expenses (Eating out/cinema/computing) with a student discount pay for the card itself quickly. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [https://nft.gamestop.com](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +&#x200B; + +**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 do I [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/)? Get a [user flair](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis)? Hide [post flairs and find old posts](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/)? + +[Reddit & Superstonk Moderation FAQ](https://www.reddit.com/r/Superstonk/wiki/index/reddit-faq/) + +# 🙋 ​[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) + +>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! +I have an llc set up for my real estate properties. All are rentals. If I got a 100k personal loan from my bank and used that loan to purchase another home for my llc, is that interest on the loan tax deductible? Loan would be against my primary residence. +I am looking to take equity out of my house for a down payment on a commercial property. The appraisal on my house came back 20k less than what I was hoping and therefore I wouldn’t be able to get to the 70/30 LTV needed for the commercial loan. I am dissatisfied with the appraisal number mainly because one of the comps used was from 2020! I thought it was extremely odd they would use a comp from 2020 especially when there are at least 10 properties within a mile and with similar square footage that have sold in the past 6 months. These properties have all sold well above the 2020 comp and I believe these represent a better reflection of the current value (also justify adding the 20k needed to the appraisal). + +***For clarity the bank paid for the appraisal*** + +Is it normal to have appraisals use a comp 2+ years prior? + +When contesting - can I provide proof of the more recent sales from a RE website (Zillow, Homesnap)? + +The appraiser also did not ask to come into my home. Reading through the appraisal it does not appear they pulled any permit detail - I had new electric installed for the entire property last year. Should I provide receipts/ permits to the appraiser - will this add value? + +Do I have a realistic chance of getting the appraisal amended? +Hey all, i've been reading a book by rob beardsley and am confused on this concept. I've attached a link to the page it is regarding. In essence, what does amortized debt constant mean and how is this in correlation with interest rates? Is a higher debt constant good or bad? Thanks. + +[https://imgur.com/a/9qzfKmU](https://imgur.com/a/9qzfKmU) +Living in Texas. I closed on my first duplex. The overall process seemed very complex and disorganized compared to mortgages I’ve done in the past. Especially since I intended to live in one half of the duplex and rent the other side which seemed to create confusion. I also switched jobs last year and got a big raise and promotion at the beginning of this year (which was anticipated when initially hired on). Closing went smooth, keys in hand, everyone was paid, and I started moving in. But now a week later they’re asking all sorts of questions about switching jobs last year and asking me to resubmit documents they should already have. They said it was the investor buying the loan who needed this information. Seems odd because that’s never happened before after closing. Is this normal? It was such a stressful process getting this duplex that I almost want to just ignore them now. +Any members on this page have experience with buying Tenant Occupied Investment properties? + +If the rent roll - tenant history + lease exp. - purchase price checks out it shouldn't be a problem correct? + +Or am I overlooking something here? + +Any feedback is appreciated. +Hey all, +I want to purchase a multi family unit property with either a FHA or conventional loan. There are probably 350-500 properties that fit the criteria of duplex triplex fourplex in the counties and cities I'm looking. I've researched tax assessments and narrowed these properties down. My next step will be writing the owners all hand written letters and if possible calling them or visiting them in person. Has anyone ever done this before and seen success? +I have a prospective tenant that easily qualifies income wise, but reports pulled up prior issues. + +1) Prior eviction, but explained it as being a broken lease that the apartment didn’t record properly and kept charging rent. Went to collections but they weren’t notified of it and didn’t learn about it till two rentals later. + +2) Random smaller bills in collections from 6-7 years ago + +3) Low credit score due to A LOT of recent inquiries to obtain loan for a car, probably due to issues on records + +Their payment history shows 100% on time payments. + +I am conflicted on whether I should consider this tenant or not. I am inquiring into the previous rentals to obtain rental history but wanted to hear advice from others with past experiences. Thanks! +Hi everyone , + +I am a twenty year old male that lives in Ohio with little to no experience in real estate investing. I currently have a stable job as well as a decent chunk of money saved up. I would love to learn more on this subject as I am just starting out. Does anyone have any suggestions on where to start. I am considering taking an online course to become an agent so I may learn more on this subject. Would this information be of value to me? Anything helps! Let me know if you have any questions. + +Thank you +We are finally purchasing our first home! + +Our terms seem pretty great- +30yr 3.87% interest with 3% down conventional w/ a $750 closing cost credit after taking some class + +What I'm wondering, since its such a low cost move in, we are left with quite some capital. Nothing close to 20% down for this area but nothing to scoff at. + +I was wanting to go shopping at the local credit unions once we get settled, but I wanted to get an idea of what terms y'all have been experiencing on non primary, strictly rental properties? + +Unsure if it really matters, but I won't be buying with an LLC, just going to pick up some general liability insurance. The state is Texas. +Good Morning Apes! + +Here we are primed for yet another day of fun in the sun, Market Action. Possible passing of SR-NSCC-2021-801 today could be a catalyst. This essentially states if they deem member positions are to risky they can margin call them immediately, also changes reporting of these positions from a monthly to daily time frame. So that's nice. + +We had a bit of a dip yesterday which presented few fantastic buying opportunities, as more apes panic bought. I still expect the floor of the stock to be 157 it should take more than a small concentrated effort to get us trading below that. + +If you want to find out what VWAP means check out the stream on [YouTube](https://www.youtube.com/c/PickleFinancial) + +And for our live audio feed you check out the [Discord](https://discord.gg/HbqnUVsSrH) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, **150**, 152.5, 156.5, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, **200**, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256 + +*This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.* + +**Questions are always welcome I will reply down in the comments as often as I can** + +# Post-Market Analysis + +Closing stats for the day. + +https://preview.redd.it/326gh4clt5x61.png?width=802&format=png&auto=webp&s=266a4f4a7f2c9880c450d7dfe42e65ce02215be0 + +We went down, we went back up volume was exceedingly low. Sorry for those of you that missed out during the reddit crash I assure you I was trying to update for a while but couldn't get through to the page. Please bookmark the YouTube and Discord for future outages. Thank you all again for the support and I will see you bright and early tomorrow. + +Gherkinit, + +Edit 13 3:38 + +Absolutely sideways again but with a nice cushion on resistance + +https://preview.redd.it/03xd8wqfp5x61.png?width=927&format=png&auto=webp&s=c2fb824baea7198a107420dd6676b5199fd7aa4e + +Edit 12 2:47 + +And we are back...I hope. $2 dollar upwards price move as apes panic bought due to comms being down? Still no volume but we are clear of the 157 support and trending towards 162.5. + +https://preview.redd.it/36vbttykg5x61.png?width=1127&format=png&auto=webp&s=b5c887cdf70ef139bb1c215afecf26a9c4b7083f + +Edit 11 1:43 + +Small buy-in shot us up above VWAP and back above that 157 resistance. Looks like we can hold above 157 for now. Maybe a re-test soon. + +https://preview.redd.it/f9yk81ft45x61.png?width=921&format=png&auto=webp&s=7eab77171dd3c631da3711281759b3dc18c84ca4 + +Edit 10 1:17 + +Talk about flat + +https://preview.redd.it/oj9h7kc805x61.png?width=987&format=png&auto=webp&s=9be35916686a89839460269696f9c06273bd9e80 + +Edit 9 12:32 + +Moving up to re-test VWAP. I am hearing in chat that TD is listing GME as hard to borrow, and Schwab is not allowing market orders. Take this with a grain of salt but it is an interesting development. + +https://preview.redd.it/1f826zs6s4x61.png?width=807&format=png&auto=webp&s=31c24e4652c551807ef9071cfd23531ef69971e5 + +Edit 8 11:51 + +Volume has completely dried up we are trending down but I expect it can drift back up soon + +https://preview.redd.it/d6sxfe0wk4x61.png?width=823&format=png&auto=webp&s=b9b8e90e01ca80b6e106f1be58cd22fefe413061 + +Edit 7 11:15 + +Nice little intraday bull pennant might break up but volume really died off. + +https://preview.redd.it/ti01kclee4x61.png?width=1283&format=png&auto=webp&s=727b1285b0700309b807ea05668ee32c97b9aa6a + +Edit 6 10:47 + +Chopping above resistance @ 157 + +https://preview.redd.it/bgxydx9k94x61.png?width=1109&format=png&auto=webp&s=3a53bf6a771f635d9359eba88853e5dff225e576 + +Edit 5 10:20 + +Looks like we are winning the battle at 157. As long as the market keeps going up I expect we will as well. + +https://preview.redd.it/nslslrge44x61.png?width=1091&format=png&auto=webp&s=a61a90089be4c7b862a5c772b46627b452cc5545 + +Edit 4 10:03 + +Coming down more I think this is an effect of the market pressure the SPY is down $5 already and looking weak. Nice fire sale if we continue down. + +https://preview.redd.it/07bkx0nm14x61.png?width=1234&format=png&auto=webp&s=aa5bcd7e1e770ed9dde5cfe6d17494b7aab06f53 + +Edit 3 9:55 + +Descending channel. I'm looking for this to break up as short side fights for 157 resistance. + +https://preview.redd.it/gfgx82t804x61.png?width=1059&format=png&auto=webp&s=70de372ce41c0fffdfe55b1d167121a06ec0ca31 + +Edit 2 9:39 + +Bounce? Look at that buy wall 157 is the floor. + +https://preview.redd.it/u34t9x0dx3x61.png?width=1297&format=png&auto=webp&s=19c71a0bb7f9037cff61d869cf8801ede559a1c7 + +Edit 1 9:35 + +250k volume in the first 5, 750k shares available to borrow, and looks like we are testing 157 + +&#x200B; + +https://preview.redd.it/mifj4oeow3x61.png?width=751&format=png&auto=webp&s=4995fe6b713fdee7d322ed0f74f4c6a7af5940d3 + +# Pre-market Analysis + +Pre-Edit 1 + +Looks like VWAP gapped down as we traded on low volume between 160-166. + +https://preview.redd.it/ku91235sk3x61.png?width=1398&format=png&auto=webp&s=307ef00c70c574fd4377aba9361469df6a74518a + +Here is CV VWAP for this morning there was some arbitrage on the dip yesterday but still sitting in the neutral band + +https://preview.redd.it/ghsu93y1l3x61.png?width=890&format=png&auto=webp&s=0ebdc94a94bcd42f4d67de8430be02ce1b5bb1e8 + +*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* +Good Morning Apes! + +Here we are primed for yet another day of fun in the sun, Market Action. Possible passing of SR-NSCC-2021-801 today could be a catalyst. This essentially states if they deem member positions are to risky they can margin call them immediately, also changes reporting of these positions from a monthly to daily time frame. So that's nice. + +We had a bit of a dip yesterday which presented few fantastic buying opportunities, as more apes panic bought. I still expect the floor of the stock to be 157 it should take more than a small concentrated effort to get us trading below that. + +If you want to find out what VWAP means check out the stream on [YouTube](https://www.youtube.com/c/PickleFinancial) + +And for our live audio feed you check out the [Discord](https://discord.gg/HbqnUVsSrH) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, **150**, 152.5, 156.5, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, **200**, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256 + +*This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.* + +**Questions are always welcome I will reply down in the comments as often as I can** + +# Post-Market Analysis + +Closing stats for the day. + +https://preview.redd.it/326gh4clt5x61.png?width=802&format=png&auto=webp&s=266a4f4a7f2c9880c450d7dfe42e65ce02215be0 + +We went down, we went back up volume was exceedingly low. Sorry for those of you that missed out during the reddit crash I assure you I was trying to update for a while but couldn't get through to the page. Please bookmark the YouTube and Discord for future outages. Thank you all again for the support and I will see you bright and early tomorrow. + +Gherkinit, + +Edit 13 3:38 + +Absolutely sideways again but with a nice cushion on resistance + +https://preview.redd.it/03xd8wqfp5x61.png?width=927&format=png&auto=webp&s=c2fb824baea7198a107420dd6676b5199fd7aa4e + +Edit 12 2:47 + +And we are back...I hope. $2 dollar upwards price move as apes panic bought due to comms being down? Still no volume but we are clear of the 157 support and trending towards 162.5. + +https://preview.redd.it/36vbttykg5x61.png?width=1127&format=png&auto=webp&s=b5c887cdf70ef139bb1c215afecf26a9c4b7083f + +Edit 11 1:43 + +Small buy-in shot us up above VWAP and back above that 157 resistance. Looks like we can hold above 157 for now. Maybe a re-test soon. + +https://preview.redd.it/f9yk81ft45x61.png?width=921&format=png&auto=webp&s=7eab77171dd3c631da3711281759b3dc18c84ca4 + +Edit 10 1:17 + +Talk about flat + +https://preview.redd.it/oj9h7kc805x61.png?width=987&format=png&auto=webp&s=9be35916686a89839460269696f9c06273bd9e80 + +Edit 9 12:32 + +Moving up to re-test VWAP. I am hearing in chat that TD is listing GME as hard to borrow, and Schwab is not allowing market orders. Take this with a grain of salt but it is an interesting development. + +https://preview.redd.it/1f826zs6s4x61.png?width=807&format=png&auto=webp&s=31c24e4652c551807ef9071cfd23531ef69971e5 + +Edit 8 11:51 + +Volume has completely dried up we are trending down but I expect it can drift back up soon + +https://preview.redd.it/d6sxfe0wk4x61.png?width=823&format=png&auto=webp&s=b9b8e90e01ca80b6e106f1be58cd22fefe413061 + +Edit 7 11:15 + +Nice little intraday bull pennant might break up but volume really died off. + +https://preview.redd.it/ti01kclee4x61.png?width=1283&format=png&auto=webp&s=727b1285b0700309b807ea05668ee32c97b9aa6a + +Edit 6 10:47 + +Chopping above resistance @ 157 + +https://preview.redd.it/bgxydx9k94x61.png?width=1109&format=png&auto=webp&s=3a53bf6a771f635d9359eba88853e5dff225e576 + +Edit 5 10:20 + +Looks like we are winning the battle at 157. As long as the market keeps going up I expect we will as well. + +https://preview.redd.it/nslslrge44x61.png?width=1091&format=png&auto=webp&s=a61a90089be4c7b862a5c772b46627b452cc5545 + +Edit 4 10:03 + +Coming down more I think this is an effect of the market pressure the SPY is down $5 already and looking weak. Nice fire sale if we continue down. + +https://preview.redd.it/07bkx0nm14x61.png?width=1234&format=png&auto=webp&s=aa5bcd7e1e770ed9dde5cfe6d17494b7aab06f53 + +Edit 3 9:55 + +Descending channel. I'm looking for this to break up as short side fights for 157 resistance. + +https://preview.redd.it/gfgx82t804x61.png?width=1059&format=png&auto=webp&s=70de372ce41c0fffdfe55b1d167121a06ec0ca31 + +Edit 2 9:39 + +Bounce? Look at that buy wall 157 is the floor. + +https://preview.redd.it/u34t9x0dx3x61.png?width=1297&format=png&auto=webp&s=19c71a0bb7f9037cff61d869cf8801ede559a1c7 + +Edit 1 9:35 + +250k volume in the first 5, 750k shares available to borrow, and looks like we are testing 157 + +&#x200B; + +https://preview.redd.it/mifj4oeow3x61.png?width=751&format=png&auto=webp&s=4995fe6b713fdee7d322ed0f74f4c6a7af5940d3 + +# Pre-market Analysis + +Pre-Edit 1 + +Looks like VWAP gapped down as we traded on low volume between 160-166. + +https://preview.redd.it/ku91235sk3x61.png?width=1398&format=png&auto=webp&s=307ef00c70c574fd4377aba9361469df6a74518a + +Here is CV VWAP for this morning there was some arbitrage on the dip yesterday but still sitting in the neutral band + +https://preview.redd.it/ghsu93y1l3x61.png?width=890&format=png&auto=webp&s=0ebdc94a94bcd42f4d67de8430be02ce1b5bb1e8 + +*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* +I don’t know if you guys have done any research on TeamCoin yet but it’s got insane potential. Here’s what I know: + +1. The team is really strong. It’s led by Teamguy who we all know and love from his previous work at NeverLaunched and NoLongerExists. He’s brought in CoderGuy who we can all pretend we’ve heard of and who worked on GrinchCoin (which I’m sure you’ll all remember stole Christmas a couple years ago!!!). + +2. The whitepaper is incredible. It’s actually just white paper…with nothing on it!!! Imagine having an idea so big you couldn’t express it in words!!!! + +3. The market cap is super low on this one. Suuuuuuuppperr low. This one’s gonna move like Etherium if you locked it in a car with a rattlesnake that’s been injected with methamphetamines. The sky is the limit here. + +4. Trust me, I just learned how to mark-up stock charts with lines and stuff and there’s definitely signs of a double golden cross doing a triple axel into a Bob Evans any day now. + +5. The Project is based out of Tajikistan and is currently building relationships in New York, London and HK. Tajikistan is incredibly crypto-friendly so we shouldn’t expect regulation any time soon!! Also, most fortune 500 companies have been looking for Tajiki blockchain partners (I know this because my cousin works in finance and I also finance a lot!!) + +6. Their head of marketing is a Nigerian Prince! An actual Nigerian prince. Mind blown, right? + +7. The legal teams from Google, IBM. Microsoft and my ex-girlfriend’s parents have already reached out to these guys…for partnerships!!! + +8. Screw Lambo’s to the moon. I’m taking a DeLorean to Uranus! + +It’s just money guys, take a breath. + + +My family was in town and we were having dinner. My brother asked if I saw the new FTX banner while watching the World Series. That sent my sister in to a soap box. + +"Crypto is bad for the environment." "It's too late to earn any money." "Only banks and institutional investors are buying right now." "It's really just an immoral investment." + +My sister has become quite outspoken about her political leanings recently in the past few years and usually is outspoken and looking to debate. It felt like bait so I just decided just to ignore it. + +I was reminded of the quote "If you don't believe it or don't get it, I don't have the time to try to convince you, sorry." + +There is so much positive energy in this space I just didn't feel the need to try to convince someone who had already made up their mind. I had better things to do. +So I’m making the following assumptions here, follow me on it: + +1) AMZN is going to cream earnings, not sure if price will go up or down after the announcement, but I expect prices to increase somewhat before now and then. + +2) IV will expand up to earnings, then crash after. Any LONG option will likely have VEGA working in it’s favour UP TO expiration. + +I’m not going to risk a few thousand on a naked long call, don’t want to fuck with Theta decay either. So here is the idea. + +I was thinking a calendar call spread around a tentative predicted price of $2500 around earnings. + +BUY 5/8 $2540C + +SELL 5/1 $2500C + +The trade would cost $118, I chose the strikes to negate the cost as much as possible. + +This gives a profitable zone at expiration between approx $2100 and $2600 with MAX PROFIT at the short call value of $2500, and a MAX LOSS at $3330 + +Does anyone with a greater mathematical understanding (or the Tastyworks platform) have any tips for how to finesse this to maximum effect. Ideally I would like to be able to be profitable if the price stays flat for a while, and just collect the Vega as we get closer to expiration. Obviously I am expecting an increase in price but want to be protected against theta decay while the first leg is still active. + +Can someone tell me what would happen to these numbers as IV increases? This is all based on current IV. + +Thoughts and ideas on how to manage this as time goes on? Would i want to wait for expiration on the back month leg? + +EDIT: Options Calc is throwing up some weird results. +Hi there, + +Today my bf almost signed for finance on a car. Right before it went through one of the sales people informed us the car had a malfunctioning turbo and needed to be replaced first, we decided to walk away from it. + +The car was valued at £10,400 cash price. The APR was 19.9%, but the total cost of credit would have been a bit over £5000. If the APR is 19.9%, how come the amount of interest would actually be around 50% of the value of the car? I have never understood how APR works, so if someone could give me an ELI5 that would be great! + +And they made us put a £99 deposit down so I get to have an argument with them to get it back, any tips on that would definitely be appreciated haha. + + +Thanks! + +Edit: totally meant to write the title as “please *help* me to understand how APR works” but it’s Sunday and I’ve just woken from a nap + +Second edit: thanks everyone for all of your responses. He’s been applying for loans today but sadly none of them will offer a better rate. His credit isn’t great, he has tried to improve it with a small credit card he pays off consistently, but it’s taking some time to go up. He earns a decent wage so paying finance isn’t unaffordable to him, but I don’t want him getting bent over on interest! Cars are mad atm, £1000 will get you a shitbox with no history, I’ve seen ads asking that much for 2003 polos with 100,000+ miles on! +[Twatter Link](https://twitter.com/theproblem/status/1499761588219392001?s=21) + +Jon Stewart is doing an AMA here on Monday to continue the pressure on the fuckery going on in Wall St. Check out his latest episode of The Problem with Jon Stewart regarding the stock market. +I'm 30F, been steadily saving for FIRE for the past 5 years. I've been in a high powered tech career and lately I've been feeling really pigeonholed and stuck doing the same thing over and over, basically working with a niche software. I get paid really well to do it and it's pretty low stress for me. But I'm bored. I want to do other things and I don't feel like staying in this job is going to help me get the skills I need to do something else. + +I've been offered a position with about a 20k pay cut. I'll learn new things for sure, but I don't know how much I'll like the new things. It's an unknown. I was leaning towards taking the job just to do something different but I'm hesitating thinking about the financial sacrifice. 20k after tax is still an extra 1k per month. I could do so many things with that! I could eat out at nice places, see shows, travel, buy nice things. Maybe those things would make me happier? Plus the raise schedule is super divergent, like 8% annually at my current job vs. 3% at the new one. Over several years that's going to be a huge difference in savings. + +I live a pretty frugal lifestyle. I spend less than 30k a year. Truthfully I could take this new job AND buy stuff if I wanted to, but somehow deciding to keep my job makes me feel like I'll have permission to spend a little more because I'm choosing to do something that I don't enjoy much. Then again the entire reason I started looking for something else was because I felt like I had enough money saved to try to pursue more career satisfaction as opposed to just socking away money to reach FIRE where I won't know what I'll be doing. The thing is, I don't know if this new job will help with career satisfaction or not. It may just turn out to be boring after awhile too. + +Anyone have any thoughts? Did you choose to stay in a more lucrative career even though it wasn't as personally fulfilling to reach FIRE faster or to live a more luxurious lifestyle? Was it worth it? + + +(As long as your entry signals try to identify non-random events and your execution rules obey sound trading principles- no martingale, no holding and hoping, riding your winners longer than your losers, etc.) + +Do you disagree? Obviously the reason I’m asking this is because I’m still in the red, down 7% since starting to trade with real money in July. I’m wondering what someone with years of experience actually trading (as opposed to going into higher education and developing algorithms) would think. I have a bachelor’s in cs and have considered going down that route, but can’t help thinking it would be a never ending rabbit hole looking for the holy grail, as mentioned in some books. + +My trading plan as of mid September consisted of just 1 setup for trend following large caps, and once I’ve learned to stop making impulsive trades and made certain adjustments in execution (taking care not to over fit or be swayed by hindsight/confirmation bias), I’ve been making 0-2 trades per day, and mostly 0 since my criteria are pretty strict (trying to identify non-random events). These trades made good money. But I didn’t like the lack of opportunity, so I started working on an approach for scalping /ES and /NQ on choppy days, and it’s worked pretty well this week so far too. + +I’ve gotten excited before, and I learned from it. I’ve never gotten cocky yet, though. I’m trying to learn from others’ mistakes instead of my own, so hopefully that won’t happen, but what is it exactly that leads people to say to expect it to take multiple years to learn how to trade? Am I eventually going to learn that it’s more complicated than this? Or is it the case that I just need to be especially wary of new sets of problems that come when one actually starts to make money that I’m currently unaware of? Are they psychological? Does scaling up always lead to some level of failure, even if you're trading with sizes in the same proportion to your account? Will $2000 always feel like a lot of money, even if you're trading with 6+ figures, and thus lead you to make terrible decisions? Or are there different problems of a totally different nature? + +I would really appreciate some insight on this, thank you for your time. Feel free to pm me if you'd rather do that. +Hey [r/Daytrading](https://www.reddit.com/r/Daytrading/), I'm a new trade of about a month old. Started learning about stocks and stuff and decided to use some of my cryto gains to learn more about stocks, trading and whatnot. + +My initial plan, like most people that started learning about stocks was to invest and strangely that part got forgotten really quickly after learning about trading and the idea itself intrigues me. + +I then begin to look more into daytrading and really like the idea of it and started reading more about it and while doing so, the GME/WSB started. When my trading account was active, it was right after the initial pump from $20 to $30 and I thought boy, if I bought at $20 yesterday I would definitely sold the day after for a sweet 50% gains. I obviously did not expect how it turned out, what a wild ride it was! + +I first bought BB without knowing anything and did it the WSB way yolo and bought it at around $9 and the next day I FOMO even more and bought some more at $11 bringing the average down to about $10+. I did not know what to do with the stocks I bought and also bought another WSB stocks but sold a week later for a lost because I wanted some money to learn trading. + +During the peak of GME/WSB, my account actually went 2x (100%+) and naturally I was stoked but I should have known better than to cloud my judgement that such a returns was normally not possible especially in such a short time I think it was 1-2 weeks. I held like a real -insert WSB terms here- thinking BB would rocket to 100+ (I honestly believe in what they are doing) and then reality hits. +My account went down from 200% to 120% in a blink of an eye, and there and then I wondered why did I not set any stop-loss or at least take some profit. None of that. I was indecisive and did not choose the take the 2x gains and take a break and come back. I just let my gains all go to waste. + +During the rise of GME, I decided to hop in for some fun and daytraded with it with whatever I have. I started with 1k to learn how to daytrade without knowing indicators and things like that and at some point I got some nice swing gains (unintended) but I saw it as an opportunity and sold NOK at 7.44 during the halt. I took the gains and added 2k to my daytrading funds so a total of 3k per trade. The broker I used is not commission free sadly ($2/trade) but I'm still waiting for a commission free broker to approve my account and I heard it does take awhile (couple of weeks) to get approved so I'm stuck with my current one for now. + +Because of that, I can't do penny stocks because of the fees $0.01/share the fees itself would simply kill my profits. + +Sorry for the longwinded post but I actually wanted to ask: +Do you hold stocks long term and how do you come up with your trade strategy? + +Personally I'm crossed between doing full trades (Swings, Scalping, Daytrading) or invest in some for a longer period or maybe an even split between investing/trading. + +It's tempting to let go of BB but another side I kinda want to just hold it. + +Thanks for reading, I hope you guys have a nice day! :D +https://github.com/dogecoin/dogecoin/issues/1674 + +>We believe that what you're really doing is trying to get rich at the cost of others and when that failed because you ran out of victims and money, you come here asking us to bail you out. However, we will not bail you out, as with great freedom comes great responsibility. We take ours seriously and we hope that you will too in the future. +We have now closed this topic. Request denied. + +I messaged the modteam over at r/dogecoin mentioning that it would be a very responsible move of them to let the community know that this is the engineering team's official stance. A lot of new users are banking on this occurring, as pump & dump groups have convinced them that if it does their investment is going to skyrocket. + +Not holding my breath, though. +As we can see more and more big companies trying to somehow fight against the crypto currencies we should also make their life a bit harder. +You may know that on May 25th the GDPR EU legislation goes into the effect. + +It means you are entitled to ask any company having your personal data to give you all information what they collected about you and with whom they shared it. If you like you can also force them to delete everything. +They have to comply within 1 month. + +It's of course up to you what you want to do, but speaking for myself... +1. I hate those companies getting more and more power +2. They have almost unlimited access to users' data +3. They are not transparent + +So myself, starting on May 25th, I'll contact each company where I have any account and I know they fight somehow against the crypto. I will demand to handover all information they have about me and if I see any problem I'll force them to delete it. + +If you want to know more about GDPR: https://www.eugdpr.org/ + + +edit: date error, should be May 25th + +[https://medium.com/@jericho.k.roman/why-elon-musk-will-sell-10-of-his-tesla-shares-849e697ef3d6](https://medium.com/@jericho.k.roman/why-elon-musk-will-sell-10-of-his-tesla-shares-849e697ef3d6) + +TL;DR. Elon has 14.8 billion dollars of tax due when he exercises his options (which he has to do before August 20th, 2022), he can significantly reduce the tax bill by billions of dollars by dropping the Tesla stock price. Selling 10% of his shares covers all of his taxes and leaves him roughly a billion dollars in cash to play with. Basically, he's using Twitter to lower his taxes. + +Positions: straddles. + +Edit: In regards to the question by u/SaladTossgaming on getting puts: I'm thinking about it as well but concerned about IV. Also, the gamma position on Nasdaq is insane, we may be in for a parabolic run. I wouldn't be surprised if Tesla goes to 2k. Would love other's opinions on this. + +Edit 2: not bullish or bearish on tesla price. Simply commenting on the selling. + +Edit 3: Slightly out of context but pertaining to a question in one of the comments. There was $450 million of ITM call buying (January 2024 $1000 strikes) in a single day last week. That's not only a significant dollar amount but also, similar positioning had occurred prior to the SPX inclusion and share split. Sorry if this causes confusion about what action(s) to take but it's part of the reason why I'm neither bullish nor bearish (see Edit 2). Note - option flow isn't the clearest indicator; for example, a large holder of Tesla may have had to sell their shares due to Tesla becoming too large of a % in their portfolio (required to sell per portfolio risk management), however - since they still want to participate in the upside they may have purchased ITM options to compensate for the sale. +I wanted to HODL but being able to surprise my kids and wife with a Christmas unlike what we've had before was too hard to pass up. I invested $80 a while ago and took out $1,100. Might not be very much to many, but for a teacher's family, my kids will get their Playstation! I'll put money aside each month to buy back in, but something about a bird in hand... Good luck to all of you HODLing strong! +**TA;DR More stuff on the books, more transparency.** + +**TL;DR The SEC is increasing recordkeeping requirements for investment advisers who outsource covered functions. The proposal clarifies the scope of a covered function and improves due diligence/monitoring standards for advisers.** + +The SEC released a [proposal](https://www.sec.gov/rules/proposed/2022/ia-6176.pdf) yesterday that will amend Rule 204-2 regarding recordkeeping requirements surrounding outsourced functions by a service provider. It focuses on the **scope**, **due diligence**, and **monitoring** of service providers with whom investment advisers have outsourced certain covered functions. Regulatory assets under management (RAUM) has increased from $47 trillion to $128 trillion over the past decade which increased the demand for outsourcing of certain functions of investment advisers. The increased popularity in outsourcing was not accompanied with an updated Rule 204-2 to go with it, leading to inconsistent and underreported records. + +# Scope + +Rule 204-2 is the rule governing books and records which enforces requirements for maintaining and preserving them. The SEC plans to target outsourced functions that meet two elements: + +* those **necessary for the adviser to provide its investment advisory services** in compliance with the Federal securities laws; and +* those that, if not performed or performed negligently, **would be reasonably likely to cause a material negative impact on the adviser’s clients or on the adviser’s ability to provide investment advisory services** + +They are focusing on what constitutes as a necessary function as many functions have "little to no effect on an adviser's clients" (p. 13). This allows for efficient examination and oversight of investment advisors and for good reason: + +[p. 11](https://preview.redd.it/8rsueztmmdw91.png?width=975&format=png&auto=webp&s=3d424aa1e8a95fb5de00445a5f98539d08ce6992) + +Add this to the list of examples of why current capital markets are extremely fragile. Who can be surprised with compliance standards this bad: + +[p. 12](https://preview.redd.it/irbfhbt2pdw91.png?width=975&format=png&auto=webp&s=1c706d14d4a43f4004e93bf27fb16b5d1570467d) + +*The brochure they're talking about is Part 2A of Form ADV which discloses information about the firm and they're usually* [*extensive*](https://www.sec.gov/about/forms/formadv-part2.pdf)*.* **Ultimately, the SEC is putting investment advisers on the hook for not just their own compliance but the compliance of any outsourced functions by service providers as well.** They plan on enforcing it by requiring + +>...an adviser to make and keep a list or other **record of covered functions** that the adviser has outsourced to a service provider and the **name of each service provider**, along with a **record of the factors**, corresponding to each listed function, that led the adviser to list it as a covered function" (pp. 28-29). + +This would also + +>require that the records be maintained in an easily accessible place **throughout the time period that the adviser has outsourced a covered function** to a service provider, and for a period of **five years thereafter**" (p. 30). + +# Due Diligence + +The SEC proposes advisers do their due diligence by complying with six specific elements (pp. 40-41): + +* Identify the **nature and scope of the covered function** the service provider is to perform; +* Identify and determine **how it would mitigate and manage the potential risks** to clients or to the investment adviser’s ability to perform its advisory services, resulting from engaging a service provider to perform a covered function and engaging that service provider to perform the covered function; +* Determine that the **service provider has the competence, capacity, and resources necessary** to perform the covered function in a timely and effective manner; +* Determine whether the service provider has any **subcontracting arrangements that would be material to the service provider’s performance of the covered function**, and identifying and determining how the investment adviser will mitigate and manage potential risks to clients or to the adviser’s ability to perform its advisory services in light of any such subcontracting arrangement; +* Obtain reasonable assurance from the service provider that it is able to, and will, **coordinate with the adviser for purposes of the adviser’s compliance** with the Federal securities laws; and +* Obtain reasonable assurance from the service provider that it is able to, and will, provide a **process for orderly termination of its performance** of the covered function. + +Advisers aren't oblivious to their reasons (or lack thereof) for choosing their service providers. **Simply put, advisers need to be more scrutinous with outsourced covered functions**. In addition, "an adviser’s due diligence must reasonably be tailored to the function or services that would be outsourced and to the identified service provider" (p. 42). + +# Monitoring + +This section is short but the SEC proposes advisers keep track of the service provider’s performance and reassess their retention (p. 66). They also propose advisers keep records documenting the periodic monitoring (p. 69). + +# Other Supplemental Amendments + +**Form ADV** + +[Form ADV](https://www.investopedia.com/terms/f/form_adv.asp) is a mandatory submission by investment advisers. The SEC proposes to require advisers to include the following information in Form ADV (p. 73): + +* **name** of their service providers +* **location** of the office principally responsible for the covered functions +* **date** they were first engaged to provide covered functions +* whether they are **related persons** of the adviser +* **information** that would clarify the services or functions they provide + +**Third Parties** + +The SEC proposes to require investment advisers that rely on a third party to comply with the same recordkeeping amendments mentioned previously. The recordkeeping function would act as a "covered function" and the third party would act as a "service provider". They also propose to obtain reasonable assurances that the third party will meet four standards (pp. 85-86): + +* adopt and implement **internal processes and/or systems** for making and/or keeping records on behalf of the investment adviser +* **make and/or keep records** in a manner that will meet all of the requirements of the recordkeeping rule as applicable to the investment adviser +* allow the investment adviser and Commission staff to **access the records easily** through computers or systems during the required retention period +* ensure the **continued availability** of records in the event that the third party ceases operations or the relationship with the investment adviser is terminated + +# Objections by the DTCC + +Below are two [no-action letters](https://www.investor.gov/introduction-investing/investing-basics/glossary/no-action-letters) (polite way of saying no) chosen for review regarding withdrawal: + +[p. 95](https://preview.redd.it/uy038z9nzew91.png?width=1361&format=png&auto=webp&s=74d93aa02d96c38e5d8a611c689a9e32416b6ec0) + +If the SEC adopts the amendments of the proposal, those letters would be withdrawn as they are both against the proposal: [First Call Corporation](https://www.sec.gov/divisions/investment/noaction/1995/firstcall090695.pdf) (September 6, 1995) and [Omgeo LLC](https://www.sec.gov/divisions/investment/noaction/2009/omgeo081409.htm) (August 14, 2009). **Does that second name look familiar?** + +If you recall from [*DTCC and Citadel intimately connected to a firm called Price Waterhouse Coopers which profited 322M from Lehman's collapse*](https://www.reddit.com/r/Superstonk/comments/n5yxpd/dtcc_and_citadel_intimately_connected_to_a_firm/?utm_source=share&utm_medium=web2x&context=3), it briefly mentions Omgeo and Susan Cosgrove, the DTCC's current CFO. Susan Cosgrove was added to [Omgeo's Board of Managers](https://www.globalcustodian.com/hazel-taggart-and-cosgrove-join-omgeo-board-of-managers/) on March 27, 2013, just over half a year before they were [acquired by the DTCC](https://www.businesswire.com/news/home/20131002005729/en/DTCC-Acquires-100-of-Omgeo) on October 2, 2013: + +https://preview.redd.it/esj3fdqpeew91.png?width=975&format=png&auto=webp&s=277096d259264903212a2c2f3a2933507ca08dfc + +Clearly there was an interest in Omgeo by the DTCC and, judging by the CEO of Omgeo's statement, the interest was mutual: + +>We are excited about the transaction as it enables DTCC and Omgeo to **facilitate a unified strategy around key industry initiatives including the move to trade date affirmation of institutional trades, settlement matching** in DTCC’s subsidiary, Depository Trust Company (DTC), and the adoption of shorter settlement cycles in various markets. + +It's apparent Omgeo and the DTCC had the same strategy in mind in 2013. The same can be assumed today since Omgeo still remains a subsidiary of the DTCC. Therefore, we can consider Omgeo's no-action letter to effectively be the DTCC's. With that said, look at Omgeo's reasoning behind why they don't approve of an electronic document delivery system: + +https://preview.redd.it/eejw8ujsdew91.png?width=1314&format=png&auto=webp&s=31914a8e6188f5b2b1786cac21e0ea1df3b6d0f8 + +I'm confused. Would an electronic document delivery system not safeguard their records from loss, alteration, or destruction if they were saved to a local, encrypted server with limited access? Would an electronic document delivery system not make records even more accessible to the SEC's staff? This doesn't have to do with the main issues at hand but considering that's their reasoning for not adapting to an electronic document delivery system is indicative of how backwards Omgeo/DTCC operates. + +Regardless, though Omgeo's no-action letter was written in 2009, because it's still being referenced by the SEC, it still has inherent power. What I mean by that is if the SEC finds their no-action letter compelling enough, the proposal **can be denied**. This is where your [comments](https://www.reddit.com/r/Superstonk/comments/tbpe0a/former_sec_branch_chief_lisa_braganca_is/?utm_source=share&utm_medium=web2x&context=3) come in! Navigate to the SEC's [Proposed Rules](https://www.sec.gov/rules/proposed.shtml) page and leave your **support** for the proposed amendments: + +https://preview.redd.it/cvl62gzrbew91.png?width=863&format=png&auto=webp&s=3c9659ef6d16e6cb4445e2b8328834f8df71cc05 +I have a weird relationship with food. I was a server in college. At my lowest, I remember sneaking leftover food from customers plates after I cleared their tables (only if they didn't want doggy bags...I only took what would go in the trash). Overall though, I've been very lucky. I have had family support when I needed it and always knew I had a safety net if things ever really fell through. I was never ever at risk of starving. + +So WHY do I have such ridiculous food security issues. + +I am going to be home half of next week and I want to clean out a lot of junk. Old school papers and bills and broken electronics and ripped clothes and that sort of junk AND my pantry. + +I have bugs. I'm not sure what happened but I somehow got bugs in some old flour/rice that wasn't properly sealed and now they're everywhere and in everything. + +I was sifting them out of my shitty $3 bag of flour for a couple of weeks until I MADE myself throw it out and I'm still rinsing the bugs out of the 10lb bag of rice. I've been brushing them off crackers and pasta. I'm finding them crawling on the counter some days. + +I hoard canned food when sales are really good and don't get through them before the best before dates. I know they're most likely safe but sometimes they don't taste so good. I save weird things like cracker crumbs in case I want to bread something and I have scraps of things in the freezer and freezer burnt leftovers that eventually i end up making a miserable meal out of or throwing away because it's unrecognizable. + +When I came here to post I happened to I look at my post history (I'm such a lurker) - and I have come so far. I have more than tripled my income in the last 2.5 years. My finances have changed a lot. I have a very healthy emergency fund and have started investing/saving for retirement. I'm proud of the progress but...so ashamed of the weird mental baggage I have. + +I'm not financially out of the woods yet, but I shouldn't feel like I have to hoard food and eat buggy rice. + +I don't know where I'm going with this post really. I partly wanted to vent. I know I will be so much happier when I have cleared out all the infested food and unrecognizable zip lock bags of frozen food. There is SO much guilt though. That I let it get this bad in the first place. And part of me thinks I should keep the rice and just continue rinsing out the bugs. But then I read what I just wrote and want to vomit. + +I'm also hoping my little bit of crazy might help someone else not feel so nuts if they're stuggling with anything similar. + +If anyone has been here and has a story or advice to share I'd love to hear it. + +Financial problems impact us in so many ways and I guess the anxiety manifests in weird quirks. I want to get to the point when I can be frugal 98% of the time and just let go the rest of it. Getting there...this is just one of the bigger steps so far. +I just came across a nice story about being rich while staying down to earth and wanted to share it. This guy seems really likeable and I think his view on FI matches the spirit of this sub very well https://www.reddit.com/r/bestof/comments/682xc3/_/ +Hey everyone! Just finished an annual review of my personal finances, and progress towards FIRE, and I thought I'd share all my juicy data because: (1) we love charts and graphs, (2) to start a discussion and see if you can learn anything from me or if I can get any advice from you (3) to blatantly ~~humble~~ brag. + +# Life situation: + +**30M**: Engineer in Big Pharma, 100k salary, 10k bonus. **28F:** Registered Dietitian, 46k salary (until this month! just got promoted). Discovered MMM and FIRE in 2014, been working towards it ever since. Wife isn't nearly as interested in retiring early as I am, but is fully onboard with the reasonably frugal lifestyle (more below) + +# Data: + +[Total Balance of Retirement Accounts.](https://i.imgur.com/9Gfa9PC.png) + +[Monthly Cash Flow Summary.](https://i.imgur.com/DrY6JPz.png) (<- Graph I'm most proud of) + +# Discussion: + +First: For all you folks new to the FIRE community... when you look month by month, it might be hard to see progress. But it's amazing how just 4 years later looking back I realize I went from $90k to $400k in cash + investments. You don't *feel* it while it's happening, but when you look back you'll be like "Holy Shit!". + +It's really fun that I can start to see the exponential shape of my retirement account balance account. + +We currently spend about 65k a year, or $5.4k a month. I'm very roughly *aiming* for 1.5MM as my "FIRE Number" but this is conservative: I expect retirement expenses to be significantly lower (no mortgage?), and my wife will very likely continue to work for a decade or so after I retire, and by then her salary would probably cover all our expenses even without a fat stash of investments. + +As you can see our savings rate is about 50%. Some interesting things you might note about the cashflow graph: + +* Huge income spikes are due to annual bonuses and 3-paycheck months (mine and wife's happen at the same time) +* Food expenses are now above $1k a month. Eating out as much as I do is definitely a conscious "splurge" area. +* Travel expenses are pretty low, despite the fact that we travel all the fucking time. We take 4-5 "long weekend" domestic flights a year. This year we visited Denver and went camping in the mountains, spent a weekend in New Orleans, spent a weekend in NC, and a weekend in LA. All flights were purchased entirely with free miles from churning credit cards, so the main expense is AirB&Bs. We also spent a week at the beach on in-laws dime, and I spent a week a a music festival (just $340 for tickets plus camping pass) +* My 401k contributions spiked up massively this September. I've started going full throttle for my mega backdoor roth strategy, and by the end of the year wife will have contributed $18,500, and I will have contributed $37,000 + $5,000 match. +* In fact, while I still work towards truly maxing out the mega-backdoor roth, *all* of our retirement savings are in tax sheltered accounts. I'm going to keep doing this while there is space, and while I'm still 2+ years away from retiring. +* "Additional savings" includes some extra mortgage payments. I consider extra payments towards my mortgage diversification, kind of like the bit of money I put into bonds instead of stocks every month. I expect to be mortgage free when I retire. Currently have over 50% equity (150k). EDIT: I'm also on a 15 year mortgage. My $1,800/mo payments are included in my expenses. +* Emergency fund consists of all the buffer cash in our checking and savings accounts from which we pay all our bills. about 30k. + +# Lifestyle + Future Plans + +Cheap janky cars. I bike the 5 miles to work when it's nice and I feel like it. Middle unit, $275k townhome, starting to see our friends moving from their $200k-$300k "starter homes" to $500k+ homes. We don't currently have plans to move. \~50% possibility of kids in the future, if it happens it will likely be timed with my "retirement" / "becoming a stay at home dad". Cheap hobbies: board games, fitness, reading, podcasts, hiking, traveling w/ free flights, drinking cheap booze with friends while grilling meat and veggies. I'm into mindfulness, introspection on what actually gives happiness, and lazy or entry level "minimalism". We love learning about fitness and nutrition. Now that I look at it, basically our approach is: learn how to "optimize" everything, then back away from the *extreme* version of that optimism, which usually requires sacrifice in other areas of life, and simply incorporate the philosophy to such an extent that it feels like a good balance between the advantages and the disadvantages. We take this "moderation" approach in: + +* minimalism +* fitness +* healthy nutrition +* transportation (We still have 2 cars, but they are cheap and I bike to work when I can, but not when it's cold!) +* frugality + +In general, I think this makes for a great way to tackle the "build the life you want, then save for it" approach: we have built a lifestyle that makes us almost absurdly happy, even while working, and are saving so that we can keep the exact same lifestyle going without having to work. Oh yeah we also have an [adorable dog.](https://i.imgur.com/7STWxSG.jpg) +Hi guys, + +Japans currency is collapsing relative to the US dollar. + +The natural result is to raise rates to strengthen the yen. + +However, doing so would cause deflationary spiral as Japan is already struggling to maintain any small degree of inflation it has. + +How does it get out of this mess? + +Am I over reading this, does it not matter if their Yen is taking? What’s the downsides to this in terms of exports and imports? + +Thanks, +SimpleRick +Hello Everyone, + +&#x200B; + +I just needed a place to vent, because I just made the most stupid decision in my life, and I can't really justify it to myself or anyone that I know. + +&#x200B; + +Back in February, I decided that QCOMs case vs AAPL was putting a lot of pressure on the QCOMs stock price and realized that the options are very cheap considering the opportunity for a favorable outcome. + +&#x200B; + +I bought 75 April 18 call options with a strike price of 65 for $0.10 each, and till yesterday night I was still holding them. + +&#x200B; + +I live in Australia, so I am mostly sleeping during US trading hours. Yesterday, however, I woke up at 4 am and decided to put a limit sell order of $0.06 on my options to salvage my losses given that only 2 days are remaining till expiry, and went back to sleep. + +&#x200B; + +I wake up at 7 am to go to work, and see the news and realize that my options would have been worth a small fortune and the contract is being traded at $6 each which would have realized a 6000% return for me in 2 months. + +&#x200B; + +Long story short, I lost the opportunity to make $50,000 just because I made a very stupid decision when I woke up at 4 AM! I feel so disgusted with myself and I dont know what to do to feel better. I got everything right but screwed up at the last minute. I feel so angry with myself and having a mental breakdown, and I needed to let someone know what happened. + +&#x200B; + +How do I live myself and go on with my life after that? + +&#x200B; + +Edit: Thanks for all of those who offered support and understanding of the situation. I truly understand my mistake, and I know I failed because I never really had a risk and an action plan. It was never about trading for me. + +&#x200B; + +I started following QCOM back in 2016 and I knew almost everything about the lawsuits and the risks facing the company. In January and February, when the stock fell to the 50s, I started building my thesis and realized the following: + +&#x200B; + +Telecom Companies started tolling 5G networks. + +Phone manufacturers are introducing 5G phones in 2019. + +Huwaei and Qualcomm are the global leaders in 5G modems. + +Intel is far behind in 5G technology and the sole supplier for AAPL modems. + +AAPL cannot really introduce a 5G phone in 2019 if they don't settle with Qualcomm early in the year. + +&#x200B; + +Given the above, I was almost certain that the settlement will happen, and when I looked into options I knew the risk/return were exceptional so I decided to take a small position. Unfortunately for me, I got the timing just wrong because I haven't planned on rerolling my options and I took action at a time when I wasn't really aware of the complete consequences of selling my position. When I think about it now, I know how stupid that was, just because the option was trading at 0.03 when I put my limit order, and the only reason my order will be executed at 0.06 will be favorable news. If I analyzed that more at the time, I would have realized that putting the order is the worst possible decision. + +&#x200B; + +A hard lesson for sure.. +I guess this would be scalping. I have a very pedestrian setup which I deserve flack for: Using a $30k account on Robinhood to scalp quick moves in the SPY. I purchase near the money, 0-3 DTE, basically whatever has good volume so I can get in/out quick. It feels like gambling, but I basically just watch the price action and try to determine a trend, current psychology, what the bigs mm's, want you to think etc. I was 5 for 5 today and made about $3500 but I could see how this could bite you (i.e can't get out of a trade). I wait for mini pullbacks and then would buy in at around $1.40, sell at $1.50 -- 100 contacts for $1000 gain. + +Any advice from people who use this strategy, concerning IV, volume, or platforms. I know RH is the worst but I like the interface +To all the new guys who regret not investing in crypto earlier: You're still early. Wanna know why? + +**#1** \- Most people still don't have any idea what cryptocurrencies are. They might've heard the word "bitcoin" once, but can't really tell what it is, or if there are other cryptos as well. + +**#2** \- Media coverage is mostly negative, lobbying against crypto is harder than ever. However, this is slowly, but steadily shifting. + +**#3** \- Most cryptocurrencies are still under development and are far from a finished product. Even those dev teams that claim to have a finished product are optimizing and polishing their network/platform. + +**#4** \- Price discovery is still going on, the ratio of supply and demand are changing 24/7. Also, the volatility is very high, which scares off many investors. + +**#5** \- Most merchants don't accept cryptocurrencies. We are starting to see the signs of mass adoption, but there's still a long way to go. + +**#6** \- Cryptocurrencies are still lacking in user experience. For the average user, buying, selling and trading cryptocurrencies are still considered complicated, and while Coinbase and co. have very simplified platforms for purchasing cryptos, improving UX is still an ongoing process. + +Feel free to add anything to this list in the comments! +Hey guys, how do you do your taxes? I have over 250k trades over 4 different exchanges. Not that much profit, as all transactions are tiny. + +##What software do you use? + +- Bitcoin.Tax completely fails to calculate that many trades + +- CoinTracking.info is better, but has two problems: + + - Produces questionable numbers. Numbers are way too high for FIFO and way too low for LIFO. I know that my gains are somewhere in the middle... + - Once Tax Report is generated - Detailed Calculation link doesn't work. On the "Load Report" nothing is working except for TurboTax Download. All other options return empty files. + +- TurboTax cannot handle that many trades. The CoinTracking report is broken into 89 files and TurboTax takes 10 minutes to just load one file. + +Since I am a developer, I wrote my own code to go through spreadsheets produced by exchanges. I was able to get accurate numbers. FIFO and LIFO both produce fairly close gains. Now, I could try to enter summary of my gains to 1099-B for each exchange, upload to TurboTax. + +## Did anyone use LIFO? +I read that a lot of CPA's recommend FIFO and there is no official guidance. But in stocks anyone is welcome to use LIFO, and so far the only recommendation from IRS was to treat crypto like stocks. LIFO gives me better numbers and more long term profits (or losses). + +## Did you file 8949 or just 1099-B? +Not sure what to do if they ask for 8949, which requires to list every transaction. I guess I could generate that form and mail it over since they don't seem to accept electronic files. But it would be a Major Payne. + +## Did you apply for the Status of Active Trader? +If so - what benefits did you gain from that? + +I really appreciate your responses. Since all crypto's dropped after Dec 31, 2017, I will end up paying almost all of my gains in taxes. So hiring a $1000 CPA is not an option for me... besides, I doubt any CPA's want to deal with 250,000 transactions... I gotta do everything myself... + +Thanks guys! +This sub and a few others have been helped me find some incredible projects flying under the radar that have been great investments with significant ROI's... + +And so I wanted to a) share my top picks for 2018 and beyond and b) get your input as to what coins/projects you think have outstanding tech, great partnerships and big potential. + +I'll start with my picks and a quick summary of why: + +**Skycoin (SKY)** - Incredible project that has largely been flying under the radar. What they are building is truly next level: + +1) ability to scale to infinite transactions per second with no fees 2) decentralized internet platform via sophisticated meshnet 3) founded and developed by some of the original BTC and ETH developers with an activity community around it 4) 51% attack and quantum secure 5) Can support apps with their native language CX 6) Has distributed file storage and communications platform built in + +Why I like it: Low circulating supply (20,000,000) giving it potential price dynamics similar to BTC, undervalued, not on any big exchanges yet, no big marketing efforts done yet, tech is next level. All these forces combine to give it some serious headroom. Recent bull run put it in the top 100 so expect some more visibility going forward. + +**Substratum (SUB)** - Decentralized internet, beautiful ecosystem design, communicative team with marketing saavy and experience designing enterprise level software ecosystems, about to launch their first iteration of their product in a few weeks (Jan 2018), token still very affordable with huge upside potential if project is successful and catches on, positive market sentiment. + +**PowerLedger (POWR)** - Multiple partnerships with organizations and govt's across Australia, Europe and Thailand and likely more in the pipeline, brings efficiency improvements and decentralization to power and renewable energy markets which are huge, large team, token still cheap with a lot of headroom and potential given the potential market size + +**Singularity Net (AGI)** - See video here: https://www.youtube.com/watch?v=0RHMzi-WTYU for some great fundamentals analysis, but this is a stacked AI ecosystem project with some big enterprise level partners on board already. Just ICO'ed, sold out in 66 sec. not on any exchanges yet (will be releasing in Jan 2018) so opportunity to basically get in close to the ground floor. Not a lot of big players in the AI space in Crypto yet and these guys have some major heavyweights in their corner. + +**Xtrabytes (XBY)** - Akin to Ethereum 3.0 — solves many of the issues of the ETH blockchain and similar smart contract/dApp platforms, can handle up to 10,000 tx/s or more when network is fully up and running, reportedly quantum secure and infinitely scalable. Note: This project is still quite early in its development with some big proof of concept releases expected in the next few weeks. As such, price is low, risk is high, but definitely looks promising and the chance to get in on the ground floor of a potentially major project. + +**Chainlink (LINK)** - Brilliant team, already partnered with SWIFT and major universities, no major competitors and solving a big problem in connecting smart contracts with real world data (Oracles), well funded, not well marketed with lots of upside as their products come on line. Downside is the team is not marketing saavy, upside is they are focused on building an insanely good product and developing real world partnerships so you are not buying hype here. Could be a sleeping giant as they lock in users and deals. Token has utility value in the ecosystem and the market potential is massive. + +**Horizon State (HST)** - Bringing voting to the blockchain which will significantly lower costs for organizations and governments, already have ties to the UN and a few big orgs, great team, marketing saavy, great token ecosystem and all around solid project. Still under the radar. Small token supply gives very good price dynamics if this catches on. Currently trading around ~ $1. + +Please share your picks below! +Looking at my altcoin portfolio here, I have quite a few coins in hodling which I was hoping would go up but didnt take off, either because I bought at ATH or other reasons. Was thinking of perhaps cutting my losses on some of then and freeing up some capital to invest in other coins. What is your personal stop loss point on coins? +Hey guys, how do you do your taxes? I have over 250k trades over 4 different exchanges. Not that much profit, as all transactions are tiny. + +##What software do you use? + +- Bitcoin.Tax completely fails to calculate that many trades + +- CoinTracking.info is better, but has two problems: + + - Produces questionable numbers. Numbers are way too high for FIFO and way too low for LIFO. I know that my gains are somewhere in the middle... + - Once Tax Report is generated - Detailed Calculation link doesn't work. On the "Load Report" nothing is working except for TurboTax Download. All other options return empty files. + +- TurboTax cannot handle that many trades. The CoinTracking report is broken into 89 files and TurboTax takes 10 minutes to just load one file. + +Since I am a developer, I wrote my own code to go through spreadsheets produced by exchanges. I was able to get accurate numbers. FIFO and LIFO both produce fairly close gains. Now, I could try to enter summary of my gains to 1099-B for each exchange, upload to TurboTax. + +## Did anyone use LIFO? +I read that a lot of CPA's recommend FIFO and there is no official guidance. But in stocks anyone is welcome to use LIFO, and so far the only recommendation from IRS was to treat crypto like stocks. LIFO gives me better numbers and more long term profits (or losses). + +## Did you file 8949 or just 1099-B? +Not sure what to do if they ask for 8949, which requires to list every transaction. I guess I could generate that form and mail it over since they don't seem to accept electronic files. But it would be a Major Payne. + +## Did you apply for the Status of Active Trader? +If so - what benefits did you gain from that? + +I really appreciate your responses. Since all crypto's dropped after Dec 31, 2017, I will end up paying almost all of my gains in taxes. So hiring a $1000 CPA is not an option for me... besides, I doubt any CPA's want to deal with 250,000 transactions... I gotta do everything myself... + +Thanks guys! +A bunch of analysts are starting to predict a 1929-style market crash by the end of next year. + +Consumer Price Index is at the highest it's been in decades in many categories. The real estate market seems to be in a bubble in many sectors. Crypto speculation is at unseen levels, what with the NFT craze and the amount of scams going around. Political tensions around the world are getting worse. China's debt is getting out of control and the US fed is printing money like never before. Something something COVID. + +Are we going to hit a wall soon? +I've been raising my daughter as a single mom and for a long time things have been really financially difficult. When I had her, I was still a full time student (used maternity leave at work to finish my program) and worked as many hours possible as a retail associate. I remember spending a lot of time wondering how I'm going to teach her valuable financial lessons so she ends up doing better financially than I have. + +I remember when family would give me a 100$ bill "to spend on your daughter" and having to use it for diapers or gas/ living necessities and wishing I could put it towards a savings account for her. + +Over the past two years things have been getting financially more comfortable for me (I still work retail, but I'm salaried now). I still don't have too much extra to put towards investing or anything, but I'm current with all my bills, saving a little bit monthly towards an emergency fund and saving for birthdays and events in advance (nothing big but like 40-50$ a month or every other month for birthdays and holidays). + +This year my daughter really started falling into the toy frenzy. The whole "mama buy me this! I want this!" +So earlier this year I decided to start a piggy bank (a ceramic jar we had lol) for her. Any time someone gives me 5$, 10$, or even a 20$ bill for her we put it in the jar. I told her this is money for her end of year gift (we're orthodox and our Christmas in January is really based off tradition, we've never done gifts and I didn't want her to associate Christmas with gifts, which is why I call it her new year gift or end of year gift). + +I wanted to share this because it has been huge in changing her attitude about spending and saving. When she helps me clean my car and finds change, she puts it in her jar, when a relative or friend gives her money for "ice cream" she puts it in her jar, when she asks me to buy her something ridiculous, I tell her, "well, if you want to take out cash from your jar you can do that, but then you'll have less for your end of year gift", and so far she hasn't taken any out. Also when she sees a commercial for something and tells me she wants it I'll tell her to "remember it when you go pick out your gift" + +Despite her not knowing how math works, and her only being able to count to 20, she has saved over 300$. My plan is to really sit down with her and have her help me roll all the coins and take them to the bank with me and then let her spend it herself, and encourage her to save a little bit so that for next year she's not starting right at zero. + +I wanted to share this because, as someone who doesn't have a huge amount of income and is starting to get on their feet, this has been a huge step in addressing money with my toddler. +I have around 5-6k monthly leftover to spend however I like, I’m looking into using a financial advisor. What are some things I should know or questions I should ask? Any recommendations on companies that you have a good experience with? I’m in the Louisville KY area +32 year old male currently making $100K per year. I have $20K in Roth, $20K in 401K. No debt besides $60K in student loans and mortgage. My wife is a teacher making 40K per year plus $7K in bonuses. She has $12K in her Roth. (I know we are behind, we’ve been aggressively paying off debt). +I recently switch to self employed where I predict to be making $130-$160K per year. I plan to continue maxing out both our Roth’s. +Should I continue with 401K or is their better options to better position ourselves with retirement? + +Edit: we are frugal. Save roughly 20-30% of our income. +Working for 40 years and retiring isn't good enough for me. I want to be properly wealthy and own assets that put money in my pocket whether I work or not. I know this takes a lot of time to accomplish, but I think the traditional way of financially educating the middle and lower class is complete BS and I want something more. +My parents are 72 years old, have no mortgage, rent, car payments or any other major financial obligations. Between them, they take home about $3,000 monthly in social security. They inherited a home 6 years ago and have been renting it out, but they're looking to sell it and not have to worry about owner/landlord issues moving forward. After selling/closing costs and capital gains taxes, they look to pocket somewhere between 400-500K. + +They live with one of their children and don't have any financial obligations. They are both in good health and active and plan to use some of the money to travel more. My dad's family has many relatives that have lived to their mid-90's and above. Most of my mom's family have passed before 80. + +They really don't have any idea of how to manage and invest the money they will be coming into. I have suggested they meet with a financial advisor, but also thought I would see what other suggestions people with knowledge in this area have. How much to leave liquid? How much to invest? Best options for investments without major risks? As you can tell, we're all newbies at this. + +I appreciate any advice offered. Thanks so much, Redditors. +Husband (31m) Me(34f) Three children (1, 3, 5) +(ONLY husband works) + +Last years income +(salary + commissions) +$85,400 + +Monthly Income: +$2932 salary, +$400 extra, +$2000 average commissions** + +•TOTAL = $5332• + +**the least is usually $1500 and the highest has been around $3500. These funds are not guaranteed monthly as his salary is a draw on commission. + +Monthly Expenses: +Mortgage $2066, +Utilities $575, +Vehicles $683, +Credit Cards $535, +Subscriptions $37, +Necessities $400 + +•TOTAL = $4296• + + +Savings Account balance $1300 + +HOME + +Bought house for 287,000 in 9/2018 + +House was appraised at $307,000 in 9/2018 + +VEHICLES + +2005 Van +Owe $500 +Worth $2000 +•2007 SUV +Owe $6000 +Worth $8000 + + +credit card debt total about $12,000 +**see above for monthly total of minimum payments** + + + +My question is basically WHAT WOULD YOU DO TO SAVE MONEY? + +Our van, furniture and alarm system will be paid off in 3 months. I also plan to change our cable service to internet only (needed since we homeschool). In total this will bring us an extra $500/month, starting around November. + +I am stressing about paying off this credit card debt the best way possible. All but one of them have interest rates above 20%. We are wasting so much on interest. + +I’m horrible with money, obviously. + +Please help!! + +What would you do (a smart, sane person) if you were in my situation? + +I’ve been thinking about refinancing since our home loan is at 5%. Maybe a fixed, low rate HELOC?? I have no clue. +I have the means to pay off the remaining amount due on my mom's house (\~$140k left on the loan). She is nearing retirement and is willing to add me to the deed, and since it's a good time to refinance, I could be added to a refinanced home loan as well (credit score is 820). This would make me financially responsible. My goal is to avoid a gift tax since I would be taking over the loan payments, and by adding me to the deed, (I think) we would avoid an estate tax on the property when she dies. Trying to be tax savvy and I'm thinking someone here has been through a similar situation. + +Any advice or ideas on how I should be approaching? +I have about 20k (30k by end of year) in stock from RSUs and my company’s (Okta) ESPP. I’m looking to buy a house in the Spring, and just learned of the ideal 20% down payment. I cannot hit this payment on savings alone - especially if I want to leave myself emergency money. + +I’m considering selling my stock for this down payment, but I imagine the stock would appreciate more than the house over time. Is this a bad idea financially? Should I just live with a 10% or 15% down payment to keep some or all of my shares? +Hi, this is my first time posting here, I am a victim of fraud for the first time in my life. I’m seeking some guidance on what steps I should take to remedy this. I looked at my checking account today and I noticed that there was a electronic bill pay check written under my name to an unnamed source. The check was under my name and address. + +I called my bank provider (ally bank) and after an hour or so conversation was able to open up a dispute on the charge. They also closed my old checking account and transferred the remaining funds to a new one for me. + +They said the would get back to me within 10 business days and to call the company (interactivebrokers.com)that the fake check was written to. I don’t have an account with them and haven’t heard of them until today. + +I spoke with a support rep and he said would escalate my issue to a higher up and took some information from me regarding my old bank account number the payment was made from and said they would get back to me tomorrow. + +Neither of these conversations left me feeling 100% confident I would see my money returned and I’m stressing out with the end of the month coming up as I can no longer afford rent due to this. I want to know what are my options with this in terms of recovering my money and what other steps I need to take to better my odds at getting it back. + +Thanks you to all that answer in advance +It's common knowledge here that the SOL network goes down frequently, gets hacked, doesn't work etc yet people still continue to invest in it. And yet again it was attacked recently! If traditional banking was this flakey the government would haul it over the coals and watch it burn. + +Yet people still invest in this centralized chain. + +Litecoin for example (and I am sure there are many other examples that people can name) has had 100 percent uptime with literally no hacks or exploits, yet people instantly dismiss. + +It brings me to the conclusion that we don't really care about fundamentals in the crypto space, only juicy profits. + +So it brings me back to the original point of this post, why an earth are people investing in SOL when it is the least secure and reliable chain in crypto? +I posted this as a reply to a thread in WallStreetBets. I thought someone might find it useful. + +The stocks you pick to trade options also matter a great deal. For example; I prefer NVDA & TSLA lately because they often recover very well from selloffs and will give you clearer direction. Both obviously are popular and their profitability will continue to bring in more buyers. Also, they are volatile and move well in both directions with NVDA being the easier of the two to trade. + +If you have been losing money trading options because of volatility, getting shaken out, stress, etc then the following strategy may help. Determine the latest hot sector of the market i.e. energy, financials, retail, etc and trade options in the corresponding ETF. For example XLE - Energy, XLF - Financials, etc. These ETFs can still make you good money and won't move dramatically in either position. They can help you learn the mechanics and make money at the same time without exhausting your mental energy. + +My personal basic strategy is to find the ITM call or put that has the highest open interest and volume. These usually have the tightest spreads and make it easy for me to move in and out. + +Try not to focus on the P/L, as you will get shaken out easily, but rather trade the chart. Sell half of your position at predetermined resistance levels that lose momentum without hesitation. This will ensure profitable trades. + +Also, if you are newer to options trading then I recommend only trading 1 contract at a time as this will keep your stress level down and allow you understand how the particular stock/option you are in behaves. (Yes, they have their own behavior lol). + +If you are more of an intermediate trader then slowly add to your position. If i intend to buy 10 contracts I will add 1-2 at the point when I get to my target entry. Often times what we believe is a great entry will temporarily break down and offer us a better entry. This is when I will add more. If I don't get the small capitulation move down then i add on the way up. All of this is fine and never beat yourself up for not getting it "perfect". + +These are the lessons I've learned and allow me to consistently make money and trade for a living. +There’s a movement to buy bitcoin on the 30th of January at 3PM Eastern. We need to show big companies and banks that if they want in they need to buy at OUR price. +Pending edit: TA;DR: to be added for each rule + +# TL;DR: + +|Rule|Status|Latest Effective Date| +|:-|:-|:-| +|**SR-DTC-2021-007**|✅|Apr. 30, 2021| +|**SR-DTC-2021-006**|✅|Apr. 22, 2021| +|**SR-DTC-2021-005**|❌|n/a| +|**SR-DTC-2021-004**|✅|Mar. 29, 2021| +|**SR-DTC-2021-003**|✅|Mar. 16, 2021| +|**SR-DTC-2021-002**|✅|Apr, 24. 2021| +|**SR-DTC-2021-001**|✅|Feb. 10, 2021| +|**SR-FICC-2021-002**|✅|Mar. 29, 2021| +|**SR-FICC-2021-001**|✅|Apr, 24. 2021| +|**SR-NSCC-2021-802**|✅|Jun. 28, 2021| +|**SR-NSCC-2021-801**|✅|May 2, 2021| +|**SR-NSCC-2021-004**|✅|Mar. 29, 2021| +|**SR-NSCC-2021-003**|✅|Apr. 24, 2021| +|**SR-NSCC-2021-002**|🕒​|Jun. 16, 2021| +|**SR-NSCC-2021-001**|✅|Mar. 5, 2021| +|**SR-OCC-2021-801**|✅|Apr. 8, 2021| +|**SR-OCC-2021-004**|🕒​|May 15, 2021| +|**SR-OCC-2021-003**|🕒​|May 25, 2021| +|**SR-OCC-2021-002**|✅|Jan. 21, 2021| +|**SR-OCC-2021-001**|✅|Jan. 19, 2021| + +&#x200B; + +# 01: Introduction + +With all the new rules flying through, I was beginning to get a bit lost and decided I needed a summary and breakdown of it all going on to make sure I know what is what, what is approved, when and why it is important. + +# 02: Definitions + +Firstly, let's summarise who is who as a quick refresher. + +Registered clearing agencies: + +* The Depository Trust Company (DTC) +* Fixed Income Clearing Company (FICC) +* National Securities Clearing Corporation (NSCC) +* The Options Clearing Company (OCC) + +&#x200B; + +There are two types of rules that are submitted to these clearing agencies: + +* Proposed Rule Change Filings + * Any rule with the reference SR-XXX-2021-**0**XX +* Advance Notice Filings + * Any rule with the reference SR-XXX-2021-**8**XX + +&#x200B; + +Index: + +* Approved ✅ +* Pending ​🕒​ +* Missing ❌ + +# 03: DTC Rules + +**SR-DTC-2021-007** \- Proposed Rule Change to update the DTC Corporate Actions Distributions Service Guide + +* [Notice of Filing and Immediate Effectiveness](https://www.sec.gov/rules/sro/dtc/2021/34-91736.pdf) + * Date: Apr. 30, 2021 +* **STATUS -** ✅ +* **Effective Date -** Apr. 30, 2021 +* **Relevant DD:** + * [Link 1](https://www.reddit.com/r/Superstonk/comments/n25kw4/srdtc2021007_notice_of_filing_and_immediate/) + * [Link 2](https://www.reddit.com/r/amcstock/comments/myheq8/understanding_sr_dtc_2021_007/) + * [Link 3](https://www.reddit.com/r/WallStreetbetsELITE/comments/mv4rcb/srdtc2021007_approved_and_filed_today/) + * [Link 4](https://www.reddit.com/r/CitadelLLC/comments/mv67jk/srdtc2021007_approved_and_filed_today/) + * [Link 5](https://www.reddit.com/r/Superstonk/comments/mvq6rs/go_nogo_for_launch_the_dtcc_checklist_keeping_gme/) + +&#x200B; + +**SR-DTC-2021-006** \- Proposed Rule Change to Remove the Security Holder Tracking Service + +* [Notice of Filing and Immediate Effectiveness](https://www.sec.gov/rules/sro/dtc/2021/34-91635.pdf) + * Date: Apr. 22, 2021 +* **STATUS -** ✅ +* **Effective Date -** Apr. 22, 2021 +* **Relevant DD:** + * [Link 1](https://www.reddit.com/r/Superstonk/comments/mx4rdi/srdtc2021006_new_rule_just_released_today/) + * [Link 2](https://www.reddit.com/r/Superstonk/comments/msklpr/sec_deregulating_the_market_srdtc2021006_removing/) + * [Link 3](https://www.reddit.com/r/Superstonk/comments/mwhyhw/sec_files_srdtc2021006_removing_the_old_and/) + * [Link 4](https://www.reddit.com/r/Superstonk/comments/ms824p/srdtc2021006_remove_the_security_holder_tracking/) + * [Link 5](https://www.reddit.com/r/Gamestopstock/comments/msk599/srdtc2021006_removing_the_tracking_of_securities/) + +&#x200B; + +**SR-DTC-2021-005 - MISSING** + +* **STATUS -** ❌ +* **Effective Date - N/A** +* **Relevant DD:** + * [Link 1](https://www.reddit.com/r/GME/comments/mi8mo9/legal_interpretation_of_the_proposed_srdtc2021005/) + * [Link 2](https://www.reddit.com/r/GME/comments/mi3o9p/srdtc2021005_filed_today_busy_with_work_and/) + * [Link 3](https://www.reddit.com/r/MOASS/comments/mt2i0x/what_became_of_srdtc2021005/) + * [Link 4](https://www.reddit.com/r/Superstonk/comments/mzkf8v/where_is_srdtc2021005/) + * [Link 5](https://www.reddit.com/r/DDintoGME/comments/mub8qd/dtcc_general_counsels_office_explanation_of_rule/) + +&#x200B; + +**SR-DTC-2021-004** \- Proposed Rule Change to Amend the Recovery & Wind-down Plan + +* [Notice of Filing and Immediate Effectiveness](https://www.sec.gov/rules/sro/dtc/2021/34-91429.pdf) + * Date: Mar. 29, 2021 +* **STATUS -** ✅ +* **Effective Date -** Mar. 29, 2021 +* **Relevant DD:** + * [Link 1](https://www.reddit.com/r/Superstonk/comments/mur8bz/srdtc2021004_the_dtcc_and_jp_morgan_theyre/) + * [Link 2](https://www.reddit.com/r/GME/comments/mgs05i/analysis_of_srdtc2021004_dtcc_changing_the_game/) + * [Link 3](https://www.reddit.com/r/DDintoGME/comments/mx13gt/this_line_in_srdtc2021004_has_been_stuck_in_my/) + +&#x200B; + +**SR-DTC-2021-003** \- Proposed Rule Change to Remove the Requirement for Participants to Submit Monthly Position Confirmations and Clarify Participant Obligation to Reconcile Activity on a Regular Basis + +* [Notice of Filing and Immediate Effectiveness](https://www.sec.gov/rules/sro/dtc/2021/34-91336.pdf) + * Date: Mar. 16, 2021 +* **STATUS -** ✅ +* **Effective Date -** Mar. 16, 2021 +* **Relevant DD:** + * [Link 1](https://www.reddit.com/r/GME/comments/mcoryh/with_srdtc2021003_being_put_into_effect_today_324/) + * [Link 2](https://www.reddit.com/r/GME/comments/m1j9es/srdtc2021003_new_dtc_filing_changes_forwell/) + * [Link 3](https://www.reddit.com/r/GME/comments/mibedc/the_moass_wont_happen_until_options_are_not/) + * [Link 4](https://www.reddit.com/r/GME/comments/m793h7/new_dtcc_rule_just_passed_in_effect_immediatly/) + +&#x200B; + +**SR-DTC-2021-002** \- Proposed Rule Changes to Revise the Clearing Agency Investment Policy + +* [Notice of Filing](https://www.sec.gov/rules/sro/dtc/2021/34-91291.pdf) + * Mar. 10, 2021 +* [Order Approving](https://www.sec.gov/rules/sro/dtc/2021/34-91587.pdf) + * Apr. 16, 2021 +* **STATUS -** ✅ +* **Effective Date -** Apr, 24. 2021 +* **Relevant DD:** + * [Link 1](https://www.reddit.com/r/Superstonk/comments/mseblt/did_the_sec_just_approve_the_srdtc2021002/) + * [Link 2](https://www.reddit.com/r/Superstonk/comments/mscsda/wrinkly_brains_is_this_legit_srdtc2021002/) + * [Link 3](https://www.reddit.com/r/Superstonk/comments/msw4re/since_i_am_more_a_smooth_brained_type_of_ape_i_do/) + +&#x200B; + +**SR-DTC-2021-001** \- Proposed Rule Change to Add New Fees for DTC's Money Market Instrument Program + +* [Notice of Filing and Immediate Effectiveness](https://www.sec.gov/rules/sro/dtc/2021/34-91098.pdf) + * Feb. 10, 2021 +* **STATUS -** ✅ +* **Effective Date -** Feb. 10, 2021 +* **Relevant DD:** + * None found + +# 04: FICC Rules + +**SR-FICC-2021-002** \- Proposed Rule Change to Amend the Recovery & Wind-down Plan + +* [Notice of Filing and Immediate Effectiveness](https://www.sec.gov/rules/sro/ficc/2021/34-91430.pdf) + * Date: Mar. 29, 2021 +* **STATUS -** ✅ +* **Effective Date -** Mar. 29, 2021 +* **Relevant DD:** + * None found + +&#x200B; + +**SR-FICC-2021-001** \- Proposed Rule Change to Revise the Clearing Agency Investment Policy + +* [Notice of Filing](https://www.sec.gov/rules/sro/ficc/2021/34-91292.pdf) + * Date: Mar. 10, 2021 +* [Order Approving](https://www.sec.gov/rules/sro/dtc/2021/34-91587.pdf) + * Date: Apr. 16, 2021 +* **STATUS -** ✅ +* **Effective Date -** Apr, 24. 2021 +* **Relevant DD:** + * None found + +# 05: NSCC Rules + +**SR-NSCC-2021-802** \- Advance Notice relating to Renewal of a 364-day Committed Revolving Line-of-Credit and Future Annual Renewals + +* [Notice of Filing of and No Objection to Advance Notice](https://www.sec.gov/rules/sro/nscc-an/2021/34-91720.pdf) + * Date: Apr. 29, 2021 +* **STATUS -** ✅ +* **Effective Date -** Jun. 28, 2021 +* **Relevant DD:** + * [Link 1](https://www.reddit.com/r/gme_capitalists/comments/mn7r8h/srnscc2021802_proposal_lining_up_more_ducks/) + +&#x200B; + +**SR-NSCC-2021-801** \- Advance Notice relating to Amend the Supplemental Liquidity Deposit Requirements + +* [Notice of Filing](https://www.sec.gov/rules/sro/nscc-an/2021/34-91347.pdf) + * Date: Mar. 18, 2021 +* [Notice of No Objection](https://www.sec.gov/rules/sro/nscc-an/2021/34-91770.pdf) + * Date: May 4, 2021 +* **STATUS -** ✅ +* **Effective Date -** May 2, 2021 +* **Relevant DD:** + * [Link 1](https://www.reddit.com/r/wallstreetbets/comments/mc0szp/too_ape_didnt_read_summary_of_srnscc2021801/) + * [Link 2](https://www.reddit.com/r/Superstonk/comments/mnps2e/the_sec_is_reading_the_emails_people_sent/) + +&#x200B; + +**SR-NSCC-2021-004** \- Proposed Rule Change to Amend the Recovery & Wind-down Plan + +* [Notice of Filing and Immediate Effectiveness](https://www.sec.gov/rules/sro/nscc/2021/34-91428.pdf) + * Date: Mar. 29, 2021 +* **STATUS -** ✅ +* **Effective Date -** Mar. 29, 2021 +* **Relevant DD:** + * [Link 1](https://www.reddit.com/r/GME/comments/mhx3p8/i_have_translated_srnscc2021004approvalnotice/) + * [Link 2](https://www.reddit.com/r/GME/comments/mg5z30/found_a_few_interesting_things_in_the_newly_filed/) + +&#x200B; + +**SR-NSCC-2021-003** \- Proposed Rule Change to Revise the Clearing Agency Investment Policy + +* [Notice of Filing](https://www.sec.gov/rules/sro/nscc/2021/34-91293.pdf) + * Date: Mar. 10, 2021 +* [Order Approving](https://www.sec.gov/rules/sro/dtc/2021/34-91587.pdf) + * Date: Apr. 16, 2021 +* **STATUS -** ✅ +* **Effective Date -** Apr. 24, 2021 +* **Relevant DD:** + * None found + +&#x200B; + +**SR-NSCC-2021-002** \- Proposed Rule Change to Amend the Supplemental Liquidity Deposit Requirements + +* [Notice of Filing](https://www.sec.gov/rules/sro/nscc/2021/34-91350.pdf) + * Date: Mar. 18, 2021 +* **STATUS -** ​🕒​ +* **Effective Date -** Jun. 16, 2021 \[Pending Approval from the Commission\] +* **Relevant DD:** + * [Link 1](https://www.reddit.com/r/Superstonk/comments/n52f20/801_notice_of_no_objection_nscc_is_authorized_to/) + +&#x200B; + +**SR-NSCC-2021-001** \- Proposed Rule Change to Remove the InsurExpress and Replacements Services from Rule 57 of the NSCC Rules + +* [Notice of Filing and Immediate Effectiveness](https://www.sec.gov/rules/sro/nscc/2021/34-91261.pdf) + * Date: Mar. 5, 2021 +* **STATUS -** ✅ +* **Effective Date -** Mar. 5, 2021 +* **Relevant DD:** + * [Link 1](https://www.reddit.com/r/Superstonk/comments/mu7sr4/ficc2021001_dtc2021002_nscc2021003_updated/) + +# 06: OCC Rules + +**SR-OCC-2021-801** \- Advance Notice relating to OCC's Establishment of Persistent Minimum Skin-In-The-Game + +* [Notice of Filing](https://www.sec.gov/rules/sro/occ/2021/34-91184.pdf) + * Date: Feb. 23, 2021 +* [Notice of No Objection](https://www.sec.gov/rules/sro/occ/2021/34-91491.pdf) + * Date: Apr. 7, 2021 +* **STATUS -** ✅ +* **Effective Date -** Apr. 8, 2021 +* **Relevant DD:** + * [Link 1](https://www.reddit.com/r/Superstonk/comments/mm8eek/did_the_sec_just_said_they_had_no_objection_to/) + * [Link 2](https://www.reddit.com/r/Superstonk/comments/mm9409/securities_and_exchange_commission_release_no/) + * [Link 3](https://www.reddit.com/r/GMEplanB/comments/mmiq94/wrong_rule_801_clearing_up_the_confusion_on/) + +&#x200B; + +**SR-OCC-2021-004** \- Proposed Rule Change Relating to Revisions to OCC's Auction Participation Requirements + +* [Notice of Filing](https://www.sec.gov/rules/sro/occ/2021/34-91445.pdf) + * Date: Mar. 31, 2021 +* **STATUS -** ​🕒​ +* **Effective Date -** May 15, 2021 +* **Relevant DD:** + * [Link 1](https://www.reddit.com/r/Superstonk/comments/mnpzu5/srocc2021004_why_this_proposed_rule_change_is/) + * [Link 2](https://www.reddit.com/r/Superstonk/comments/mkpgss/new_occ_filing_seeks_to_amend_the_process_for/) + * [Link 3](https://www.reddit.com/r/GME/comments/mkphuq/new_occ_filing_seeks_to_amend_the_process_for/) + +&#x200B; + +**SR-OCC-2021-003** \- Proposed Rule Change to Establish OCC's Persistent Minimum Skin-In-The-Game + +* [Notice of Filing](https://www.sec.gov/rules/sro/occ/2021/34-91199.pdf) + * Date: Feb. 24, 2021 +* [Notice of Designation of Longer Period for Commission Action](https://www.sec.gov/rules/sro/occ/2021/34-91483.pdf) + * Date: Apr. 6, 2021 +* **STATUS -** ​🕒 +* **Effective Date -** May 25, 2021 +* **Relevant DD:** + * [Link 1](https://www.reddit.com/r/Superstonk/comments/moswde/chaos_theory_the_everything_connection_reposted/) + * [Link 2](https://www.reddit.com/r/Superstonk/comments/mu9xed/why_were_still_trading_sideways_and_why_we_havent/) + * [Link 3](https://www.reddit.com/r/Superstonk/comments/mvov2f/the_gme_wargame_a_new_theory_of_everything_my/) + * [Link 4](https://www.reddit.com/r/Superstonk/comments/mpp2yr/why_we_and_our_whales_are_waiting_for_the_dtcocc/) + +&#x200B; + +**SR-OCC-2021-002** \- Proposed Rule Change Relating to Revisions to Part 39 of the Commodity Futures Trading Commission Regulations + +* [Notice of Filing and Immediate Effectiveness](https://www.sec.gov/rules/sro/occ/2021/34-90960.pdf) + * Date: Jan. 21, 2021 +* **STATUS -** ✅ +* **Effective Date -** Jan. 21, 2021 +* **Relevant DD:** + * Nothing found + +&#x200B; + +**SR-OCC-2021-001** \- Proposed Rule Change to Update The Options Clearing Corporation's Operational Loss Fee Pursuant to Its Capital Management Policy + +* [Notice of Filing and Immediate Effectiveness](https://www.sec.gov/rules/sro/occ/2021/34-90941.pdf) + * Date: Jan. 19, 2021 +* **STATUS -** ✅ +* **Effective Date -** Jan. 19, 2021 +* **Relevant DD:** + * Nothing found + +# 07: Dates of Effectiveness + +These vary slightly from form to form. + +&#x200B; + +* Notice of Filing and Immediate Effectiveness + * The proposed rule change is filed for immediate effectiveness as it constitutes a change in fees charged to OCC Clearing Members. At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such action is necessary or appropriate in the public interest, for the protection of investors, or otherwise in furtherance of the purposes of the Act. The proposal shall not take effect until all regulatory actions required with respect to the proposal are completed. + +&#x200B; + +* Notice of Filing + * Within 45 days of the date of publication of this notice in the Federal Register or within such longer period up to 90 days (i) as the Commission may designate if it finds such longer period to be appropriate and publishes its reasons for so finding or (ii) as to which the self-regulatory organization consents, the Commission will: + * (A) by order approve or disapprove the proposed rule change, or + * (B) institute proceedings to determine whether the proposed rule change should be disapproved. + +&#x200B; + +* Notice of Filing of and No Objection to Advance Notice + * The proposed change may be implemented if the Commission does not object to the proposed change within 60 days of the later of (i) the date that the proposed change was filed with the Commission or (ii) the date that any additional information requested by the Commission is received. The clearing agency shall not implement the proposed change if the Commission has any objection to the proposed change. The Commission may extend the period for review by an additional 60 days if the proposed change raises novel or complex issues, subject to the Commission providing the clearing agency with prompt written notice of the extension. A proposed change may be implemented in less than 60 days from the date the advance notice is filed, or the date further information requested by the Commission is received, if the Commission notifies the clearing agency in writing that it does not object to the proposed change and authorizes the clearing agency to implement the proposed change on an earlier date, subject to any conditions imposed by the Commission. The clearing agency shall post notice on its website of proposed changes that are implemented. + +# 08: Gary Gensler + +[Gary Gensler was sworn in on Apr. 14, 2021](https://www.sec.gov/news/press-release/2021-65), since then 7 items have been filed. + +# 09: Endnote + +I would like to keep this up to date and as accurate as possible so that it can act as a central location to track the progress of this legislation. Please drop any ideas to improve this reference guide in the comments and if I have missed any important DD! +The number of Americans who filed for unemployment benefits last week was roughly in line with expectations as the coronavirus pandemic continues to ravage the U.S. economy.  + +Data released by the Labor Department showed initial weekly jobless claims for the week ending July 25 came in at 1.434 million. Economists polled by Dow Jones expected claims to rise to 1.45 million. + +This also marks the second consecutive week in which initial claims rise after declining for 15 straight weeks. It is also the 19th straight week in which initial claims total at least 1 million.  + +Continuing claims — which are composed of those receiving unemployment benefits for at least two straight weeks — rose by 867,000 to 17.018 million. Data on continuing claims is delayed by one week.   + +The latest claims numbers come as lawmakers struggle to push forward on a new coronavirus relief package.  +This morning, I saw a huge reduction in my ALGO rewards on Coinbase. (I keep the majority of my coins in my own wallet, but I had a small purchase I didn’t bother moving). Coinbase did offer 4% previously, but they have dramatically reduced the rewards. I just received this email. +> +> We want to inform you about a recent change in your ALGO rewards that you might have noticed. With the transition of Algorand from a participation to governance model, the rewards rate has dropped significantly from 4% to 0.45% as of March 8, 2022. We anticipate that you will see more fluctuations during the transitionary period. + > +> Coinbase continues to participate in governance on your behalf and you are likely to see more governance rewards paid out in the future. +> +> Algorand publishes regular updates on how it calculates rewards on its own website. + +I have a strong feeling someone at Coinbase missed the vote and now Coinbase won’t get paid, despite them saying they continue to participate in governance. + +I see two huge problems. One is governance rewards are 6-7% APY, meaning CB is collecting over 90% of the rewards they receive, and users get peanuts. Additionally, Coinbase inevitably will vote for what’s best for Coinbase, not necessarily what’s best for Algorand. + +If you have any ALGO sitting on Coinbase (or any exchange for that matter), I urge you to move them off the exchange and into your own wallet (MyALGO or Algorand Wallet) so you can participate in governance and get your due rewards! + +Edit: Thanks to the commenters- the official Algorand Wallet has rebranded to Pera. I use MyAlgo and forgot this change happened. Apologies for the mistake +To me part of being financially independent is also becoming self-reliant. I believe that becoming dependent upon others for services makes you weak, and can become a financial drain. Here are some of my own unusual habits: + +* I avoid buying coffee out at cafes. It's convenient, but by grinding the beans and brewing the coffee myself at home, I can make superior cups of coffee at a fraction of the cost. Now I physically *can't* go back to cafe coffee because of the quality issue. +* I also avoid eating food at restaurants. Initially this was a huge inconvenience as I had to scramble to learn to cook, but after years of persistence, I think it's paid off. I've learned which foods are healthy, cheap, and easy to make. Switching from shopping at the local grocery store to Costco has also served to slash my grocery budget further. +* One I've been debating lately is car maintenance. I like the idea of working on my car, but presently do not own a garage and a shed full of tools, which is becoming reliant upon society in another way, so I still opt to take my car into the shop for oil changes etc. +* For years I didn't own a car because I was in walking distance to work and groceries. It was inconvenient at times, but the savings on car payments and insurance lowered my costs tremendously. I need to own a car now, but if I ever move back to a city, I'm ditching the car. I can't believe how many Americans are dependent on their car for everything. +* 8 years ago I stopped owning cable for entertainment needs. Now I get all my entertainment for free on the internet or through the Kindle books I buy entirely with promo coupons earned from no-rush Prime shipping. Initially it was difficult to live without cable, but I soon learned it was just a silly addiction and that once you cut out television and go back to reading books, life is also more spiritually fulfilling. + +What are you tips and tricks to remain self-reliant and slash living expense? +Satoshi created bitcoin so there would be **DECENTRALIZED** money. He then disappeared to ensure that he would not fall into the role of dictator. + +Today's core developers follow in his footsteps of ensuring that decentralization is maintained. + +Almost all the people behind the other altcoins, behind all of the ICOs and, worst of all, the people trying to corrupt bitcoin's decentralization itself have one objective only - their own wealth and power. + +Bitcoin is meant not to have central controllers who fall into the delusion that they can benevolently wield power over the whole world. That is its value proposition. So anyone who tries to become the central controller through unilaterally changing the rules, through pre-mining coins, through releasing untested, unreviewed and unpredictable code, or through any other method, is destroying the principal principle behind bitcoin. + +If you're out to get rich quick in terms of fiat value, there are hundreds of coins to choose from. Or, feel free to fork bitcoin and call it something else. + +But everyone should know this - there will always be those who hold and use bitcoin precisely because it cannot be changed overnight by the whim of a powerful few. That is the power it gives us to be free from such an abuse of power. + +If instead of looking at market caps you look at freedom, bitcoin is the most serious cryptocurrency out there by an immeasurable margin. +Young investor, looking to park some money away in safe place for a few years with some decent returns. My strictly stock portfolio possesses below holdings: + +Costco (25%) + +Apple (25%) + +Amazon (15%) + +P&G (10%) + +McDonalds (7.5%) + +Google (5%) + +Alibaba (5%) + +Paypal (2.5%) + +Microsoft (2.5%) + +Boeing (2.5%) +This right here, this is the falling knife you hear about from traders. You're not supposed to try to catch it. It'll cut you 9 times out of 10. + +If you have the guts to try and buy this dip, mad respect. But do yourself a favour and at least save some of your capital if it goes lower. + +BTC just broke all kinds of serious supports, if 18.2k can't hold a test of the previous low is almost guaranteed. This might be the big capitulation event everyone has been ominously predicting for months now. + +Whatever you decide to do, good luck! + +EDIT: We lost 18.2k in less than an hour of posting this, this is so bad. + +EDIT2: We lost the previous low of 17.6k in just 5 more minutes, ruthless +Hello, + +Does anyone have experience settling a PCP contract 4 months in? + +Back story: + +Husband takes out a PCP loan on a Jeep (price £18,999) on 2nd Dec 2021. No deposit, monthly payments of £350 and no deposit. + +He now wants to change his car. + +Thanks, +Wife (who always knew the PCP contract was stupid to begin with and owns a cash car) +I'm sure of today's speculative picks, *some* of them will turn out to be very successful. In /r/stocks, we love taking risks, so everyone is constantly putting out a bull case. + +What were the SOFI, UPST, CLOV, PLTR, WISH, ... stocks of the pre-2000s, or immediately post financial crisis, etc, that turned to be great picks? + +AMD used to be trading like a penny stock, for example. Was it a 'meme' stock? + +Obviously, every stock was once very cheap, but I'm looking for ones that had a 'meme' flavor in that they seemed absurd, pumped by excited investors while disparaged by the traditional big players. + +Or perhaps, in what time period was it of a 'meme' variety, and when did it become a serious stock? + +For convenience, you could also define 'meme' like company as a company that was not taken seriously even after putting out solid growth for a while, because of its perception as a 'meme' whatever that means in the 2000s. +I’ve been sending him screenshots for the past 6 years when bitcoin has hit a new milestone. I.e. $1,000. $2,000 $5,000 $7,500, $10,000, $15000, $20,000 and so on. I’m beginning to feel bad now. What should I do? Have I punished him enough? Or should I continue to rub it in his face? + +Edits- +I should have said that we are on very friendly terms and my motivation for sending him screenshots is simply to poke at him and try to get him back into BTC. It’s all done in a friendly way. The same way he gave me shit when I bought... + +Second Edit- +Thank you for the awards! + +Also - a little update to the story. It was all good natured fun. When I bought my first couple BTC he was sitting right next to me. He made fun of me, for sure, but I took it well and just thought to myself, you'll see. He eventually bought in around $4500 and literally just sold his last BTC around 12k - Oct 2020 timeframe. My god - he held out all this time (like me and you HOLDers) and he gave up. So my good natured screenshots are often accompanied by messages saying, "it's not too late. Get back in". +Just a simple thought. People keep saying "do they really think we're selling?" and the answer is no. They know you won't sell. They are screwed, yeah. + +The dips. The volume. The price slowly lowering. It's not for us. + +Like a creature playing dead, SHFs are manipulating the price so that other institutional players don't buy in. They won't convince us, but they can throw off technical indicators that might make other large investors stay clear. Or make it too risky. + +So yes, we buy these dips, and they are aware and there's nothing they can do about it. They just HAVE to make it look like it's a slow sell off or else the whole financial world will FOMO in and then it's game over anon, even if it means selling more shares into the hands of us ape's who got nothing better to do on a Tuesday except HODL. +Did everyone forget? Forget about how the financial system before crypto was convoluted, slow and expensive, how crypto forced the financial system to evolve and become what it is today? + +Crypto used to be a hub for tech enthusiasts, a digital place where bleeding edge technology is developed helping reduce cost across the board and trustless accounting among many other things. + +Now it is just in a shape were all that matters is how much GAINZ I made today leveraging my capital to oblivion, full of greed and insanity + +This is a reminder for a of you to remember why we are here, a call to return sanity and sustainable grow to crypto, nothing good will come from degenerate gambling and we all should be ashamed of ourselves + +Let's make crypto great again, let's make crypto about making life easier for everyone and having a smarter future + +VALUES MATTER +I'm moving out possibly within the next week and wanted to ask for any tips on what I should budget for, suggested spending limits or plain ol' living tips as after rent and bills I will be left with $95 a week for food and everything else. +Hello AusFinance folks! +I am currently considering an option to go full remote and potentially move somewhere else and I am looking for the wisdom of Reddit for something that can be a great balance of lifestyle but also future value! + +Priorities: +- Lifestyle location close (on foot) to nice beaches/rivers. Wifey doesn't like the cold so bonus point for warmer waters +- Good public schools in the area (right now primary but I am more interested in the proximity of a good high school) +- House price ideally < 1M for 4 bedrooms. Could stretch this a bit if really really needed. +- Area which could become, if need to move back to Sydney, an IP. +- Good reliable internet connection +- Lower cost of living than Sydney where I am now +- Bonus points for proximity to decent restaurants/bar selections +- Bonus points for decent proximity to an airport +- Bonus points if it has a projected positive capital growth. this is not essential as i would like to live there myself. + +As for the current situation is +- Currently living in Cronulla (Sydney Shire) bought a house last year: I would rent the house out if the full-remote ends for any reason. +- 41 & 35 with 3 kids (6-4-0) +- This Shire location is great, the move would be mostly towards a lower cost of living and hopefully warmer waters if the need to be close to the Sydney CBD is no longer there. +There’s a rumour spreading in my firm that business services will be expected to take a pay cut. Other firms in my industry have cut salaries by 20-40% (!) to reduce costs. Some firms are handling it better than others - I’ve heard one of the big four offered to pay 60% while the employee reduces their work time by 50%. That voluntary offer went down quite well. But in another small firm they were forced to take 40% cuts and still work the full 40 hours. + +One more examples is that another firm applied 20% pay cuts if you made over £40k. + +I want to be prepared for if this happens at my org. What have others experienced and what have you been able to negotiate? + +I’ve been at my firm for several years, and changing jobs would seem even more risky - as I’m at least entitled to a decent redundancy package if that should arise. +[London house prices post-lockdown:average price of a home in the capital has gone up by £17,000 since May](https://www.homesandproperty.co.uk/property-news/london-house-prices-after-lockdown-a140602.html) + +I thought people were moving away from London and looking to buy houses in the suburbs which would've left homes in the city with lesser demand and therefore bring prices down. + +Apparently this is not the case...smh +The BBC have recently released a documentary on Samuel Leeds, who sold training courses on property investment that have been alleged to be scams. I first started seeing this guy on YouTube a year and a bit ago and spotted him in the up next bit after channels such as Pensioncraft. + +If you have family members who've been making noises about property investment gurus it may be [worth watching](https://youtu.be/eAmYaAYUnc8) or discussing with them. +I wonder what makes more financial sense. + +I have about 15k for the deposit. He has 47k, making up 62k deposit. We will spit paying off the mortgage 50/50. + +So now we have the choice. Either we pay what we have into the deposit as is and we will split the house roughly 43/57. Or he lends me the 16k that I need for paying half the deposit (16k+15k=31k) and we will figure out a repayment plan. He has some money, so he doesn't mind either way. + +If relevant, I earn 25k and he earns 31k. We split all expenses 50/50. + +Would it be smarter for me to own more of the house and pay him back for some years or to own less and have that money at my disposal? +https://pastebin.com/wD7V4EU5 + +Found this pastebin that seems to be the chat log from the validated EOS block producer telegram channel, and i'm worried. They don't really seem to have any sort of coherence at all, and operate on a "whatever was said last is the truth", not to mention the complete clusterfuck that was the zoom chat... + +Minutes from said chat... https://docs.google.com/document/d/14rfDoOEyhIuTq9kgNuevjbG2F2-HCePgEzVLlJ-eEZc + +Mirror in case they take it down. https://docs.google.com/document/d/133VHvncsyGgp-WuZHUUDl_svjPuL0vJywxlSCYgqle4/edit?usp=sharing + +Highlights include: +- agreeing to print more tokens for themselves before launch +- not agreeing about literally anything else AT ALL +- some unknown Korea FUD that they had to pull Dan in for but he seemed disinterested and left +I was talking to my professor about this today, and I found it very strange. It seemed almost counter intuitive, and I dont understand a single beneficial reason to have education done this way in the US. + +As many of you probably know, Education, college is what we are talking about here, is very expensive in America. And in order to encourage more and more people to go to college they have the federal student loan program which makes it possible for students of an economic background able to enjoy being able to go to college. But I realized why is it that America doesn't subsidize the complete cost of college to anyone who is accepted into the university and then as for the cost of graduating there would be a flat tax applied to your income that could be 1-3% on any income you generate for the rest of your life, or they could make it so that after a certain amount is paid from that flat tax percentage the tax goes away. + +I know that something like this is essentially impossible to implement, but I thought it was an interesting conversation and was hoping this sub could elaborate more on it. +With student loan repayments beginning and 0 interest ending, I believe there will be tons of people who got used to their budget for the last 2.5 years of not having to pay on the loans. They will not be able to afford (or don’t want to) a couple hundred to thousands of dollars extra in student loan payments per month. Curious to see what others think +[Bitcoin is now a Top 30 asset by market cap](https://assetdash.com) when ranked alongside U.S. traded stocks and ETFs. Top 20 soon? + +[Source: AssetDash.com](https://preview.redd.it/h61z5sxufwt51.png?width=2418&format=png&auto=webp&s=0b3ff8ac36ef9e306ffe0c344569ae0f2adfaf3a) +Most people, especially who don't know much about trading are skeptical towards technical analysis. + +“How can you predict the market? How can a few lines tell you the future?” + +A few months ago I was talking to a friend. He asked me “What will happen to xzy stock?” + +I said “There's a resistance at 103.5 and another long term resistance at 115. If the price breaks 104 lvl it'll go up to 115 and find a strong resistance and consolidate there for a while. If not it'll go down”. + +He replied “So you're saying that the stock will either go up or down?” + +I was like- 🤦‍♂️. + +Short Answer- It works, but not when there's a major news that changes market sentiment. + + + +Technical Analysis isn't a game of absolutes, it's a game of probabilities. + +The stock will follow a certain movement and after analysis, you make an “educated guess” on what will happen based on history and current market Sentiments. + +Most beginners use technical analysis incorrectly, that's why it doesn't work. + +They fill their charts with a bunch of indicators, all correlated. They mark 15 zones of support and resistance and they don't focus on risk management. + + + + +The 4 Pillars of Technical Analysis. + +Structure. What is the immediate support and resistance zone? Where is the demand /supply zone? What's the long term support /resistance? + +You need to know what areas act as short and long term zones. + + + +Trend. Where is the market goin? Is it an uptrend, a downtrend or is it going sideways? + +You can use a single 200 day Simple Moving Average to find that out. + +Knowing the trend of the index, the sector and the stock is crucial. + + + +Price Action. You'll have to study some common candlestick patterns. + +Doji, engulfing pattern, morning and evening stars, hammer. + +Wedge, triangles and flags must be studied along with double /triple tops and bottoms. + + + +Indicators. I don't use a lot of indicators, but I try to master 2-3 indicators. + +Most people just use RSI, MACD, Stochastics together. They don't understand that these are correlated indicators. + +Master an indicator and backtest it properly. + +..... + +Technical Analysis is complete ONLY when you master these areas properly. + +Technical Analysis fails when a News breaks out. + +If a sudden news breaks out, maybe some company does a fraud of millions or a disease shuts down businesses, the market falls very quickly. + +Even if technical analysis is indicating buy, the market will fall due to news. + +But technical analysis will follow up soon enough. + +-Vikrant C. +So, I recently pulled the trigger and am at least going to be taking an extended sabbatical, and am currently in the process of signing up for health insurance for 2021. I'm starting to do some math to figure out whether it's worthwhile to set income at the ~60k level to get some subsidies, or fill up all the way to ~80k in order to tax-gain harvest the last 20k. + +I'm in MA so some ACA things are a little more complex for me, and nobody can give me a straight answer but apparently if my income stays under ~$61k I think I get a health plan that costs $150/mo directly through the state? I'm 36 and my wife is 47 if it matters. + +We expect to spend ~50k/year before health insurance premiums, and the first set of investments that will be sold for rebalancing purposes have a cost basis of ~$0, so 100% of it will be capital gains. There's multiple years of those $0 basis gains to go through. + +I'm curious if anybody else has had similar situations and made a decision one way or the other? I'm leaning towards filling up the tax bracket and maxing out gain harvesting in lieu of the subsidies, just because I have so many gains. + +I realize I'm rounding some numbers here, probably erroneously. This isn't necessarily a "specific advice for fryguy8" post, this is a "what have other people in maybe similar situations done" post to hopefully be more broadly educational. +Hi, +I share a house with two other roommates, "A" and "E". The total rent for the house is $1500 a month, we also pay about $200 a month in utilities. For rent I pay $600 as I have the master, and A and E pay $450 each as they have smaller rooms and share a bathroom. Utilities are divided and shared. "A" met a girl two weeks ago at a night club, and we have been seeing her around at our house almost 24/7 ever since. We were told by A yesterday that the girl had been kicked out of her house and would be staying with us for an undetermined amount of time. + +The girl has no car, no job, and claims to "go to college" about 45 mins away so, without a car, she is basically not going to school and will be here 24/7. With all things considered obviously this girl will be staying here and using up our resources for a long while, so me and "E", the other roommate, are trying to come up with a solution that would make us more accepting of this new girl living in our house. + +We have proposed charging A an additional flat $200 a month to cover the new girl's use of extra utilities, use of bathroom, kitchen, electric, water, etc. We want to set this up now so it is clear she will not be living at our house rent free. + +What I want to ask you, personal finance, is if it is + +1. Acceptable to charge her extra +2. If $200 per month is too much, or too little, or just enough. (We figure $150 for space use + $50 for utilites) + +**TLDR:** House is $1500 per month. Roommate's fwb with no car or job moves in unannounced and they make out all day on our couch while using up more house resources. Roommate pays $450 a month, how much extra should we charge him to put up with this girl living with us. +Interesting. The only reason anyone I know has an AMEX card is because it's the only credit card Costco accepts. + +http://finance.yahoo.com/news/costco-stop-accepting-amex-cards-133314755.html +Hey /r/personalfinance, I've moving out and finally decided to post. I'm turning 18 in two weeks and I'm really anxious about starting out right. If you knew then what you know now, what would you do at 18? And what things do you think would be most important to know? + +Before everyone says moving out at 18 is a horrible idea; I know that it's probably not the best financially, but it's definitely necessary. + +Also I saw the thread about IDAs and have been really considering them, would I be eligible since I'll be independent and minimum wage? +📣 BEVO NFT ART TOKEN | LAUNCHED TODAY 📣 + +Community Built 🌏🌏: BEVO {BE-VO} token was created by a group of artists with a goal to become the first token on the Binance Smart Chain to be backed by physical assets in the form of art. We're turning traditional art into Non-Fungible Tokens (NFTs), paving the way for artists around the globe to become part of the digital art revolution. + +Disruptive Concept⚡️✨: BEVO Token is a BEP-20 token created on the Binance Smart Chain. It's a cryptocurrency asset whose value is backed by real art from real artists. 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Yelp reviews for every location I have found have been very low, with most complaining either about mechanical issues or issues with transferring the title post close. + +Wayfair is basically a gigantic Chinese dropshipping operation and whenever I reverse image search products I almost always find the exact same product on Amazon or Walmart or Home Depot or direct for much less even though it appears like it’s on sale on Wayfair. More so the quantity of complaints on Twitter are extremely high, with a lot of people with issues on long delivery timelines or broken/cracked furniture with little help from the company. + +And yet despite both companies having what seems like shady business practices of both overcharging for products and having bad customer service people still buy from them. It’s like the antithesis of the Zappos mantra but they get business due to a combination of relentless ad buys, unsuspecting new customers, lazy people who don’t care, and people who otherwise don’t realize they are being ripped off. + +I honestly can’t tell if we’re in a new era where your average person has become too trusting of online companies, and mostly don’t realize how easily they are being tricked via dark patterns and nice looking websites or just don’t care because they value the convenience of shopping online over a dealership or going to a store. +Were there particular financial goals/milestones you considered necessary? A certain amount in a savings account? A certain salary? Home ownership or a particular amount paid off your mortgage? + +And if you weren't financially ready when you had children, what are the lessons you learned and what do you wish you had one differently? +Hi everyone, thank you for reading this. + +I spent my 20's working for one company in a very niche field in the automotive industry. I was very good at my job but was really overpaid (about 70k per year). + +The company's owners sold and many locations and jobs were made redundant, including mine. I was let go October 1st. There are no comparable jobs available. + +So now I am 30 years old working a $15/hr job and running a negative budget each month. I have trimmed all unnecessary expenses from the budget but I need a long-term plan. + +I am thinking some kind of 2-year associates degree that will allow me to start a good-paying (50k/year to start) career. I don't have any particular passion besides just providing for my son (he's 3). + +Has anyone been through this kind of situation before? Any thoughts would be greatly appreciated! +I have been investing for a little over a year and really enjoy it, but wanted to automate it a little. I am completely green to algotrading, in fact I am just now learning python so I can do this. What are some of the better things to learn early on? +Hi all, + +Recently I have come across something that I couldn't grasp. In this chat (https://chatwithtraders.com/ep-103-dave-bergstrom/) the speaker talks about parameterless signals to avoid data mining bias and overfitting. However, I am having trouble grasping the concept of parameterless rules... Even a simple "buy if today's open is higher than yesterday's close" rule can be parameterized by adjusting the lookback period for example "buy if today's open is higher than last 2 days' high" , "... last 3 days' high". + +Can someone elaborate and if possible give an example for such signals/rules? +Hi, I am building an algotrading marketplace. The platform will have two different user types. Users-Algotraders can use the powerful tools provided (technical analysis rules, backtesting, ML/AI assistance, statistics) and publish their strategies to the marketplace (only if profitable). Users-Investors can see the published strategies with their statistics (PnL, drawdown, etc) and invest in them. Live trading is supported via exchanges API to execute the trades, the platform will have no custody of the assets. + +I know there are plenty of platforms out there, but I am building it in an innovative way, especially with the assistance of ML/AI. + +Do you already use another platform like that? + +Do you think this is a great idea? + +Thanx! +Hello, i'm understanding the basics of market making (having passive orders in both side of the books in order to make the bid ask spread). What i don't understand is how it can be profitable in a non steady market. + +The point i miss to understand is how you can be profitable if you accumulate inventory on the wrong side of the book, how long you are supposed to keep this, during minutes, weeks, days ? Is this not a huge risk taken, since there are chances the price never comes back where you accumulate your inventory ? + +Ive read about techniques that consist of sendin an order elsewhere when your passive order is executed (eg: hummingbot cross exchange market making), but it looks more arbitrage for me. + +On a single market, i can only see two cases where it can be profitable : + +\- When markets are steady, since you can make a lot of roundtrips + +\- If you are the first on the queue position on the "good" side of the book (been executed as a buyer when price is rising and vice versa). But without being super fast, it seems hard to get a good rate of non toxic fills. + +Is there any other profitable cases ? am i missing a key thing here ? +I'm trying to determine a good stop loss, I know its mostly about individual risk tolerance, strategy, etc... Just kinda curious, what do you guys have going on for your stop losses, and what have you learned with using them? +Hey all, I was just wondering how smaller quant funds manage trading costs. Basically, if we have say a 10 million dollar fund, and it trades 40 million ish shares a month, how do we keep costs down? Even with IB, supposedly the cheapest broker, it's quite difficult. + +1. Generally, are there specialized, cheaper ways to implement relatively high-volume trading strategies? + +2. Generally, how do spreads for S&P 500 stocks act over time? What is their volatility? Given latency (up to 2 seconds? not quite sure what the theoretical max is), how far outside of the spread would we have to place and order to be confident it would also be outside the spread when submitteed. (There are rebates for "adding liquidity") +I've been slowly pulling money out of stocks as I hit price targets or cut losses for the last few months and now I have a little cash set aside that I think I want to dump into something a bit more stable for the next couple of years. + +I currently have some small positions in TAN, ARKG, and XRT, and I'm wondering if I should just add to those or further diversify my ETF portfolio. I'm particularly interested in the idea of something focused on a particular sector, but I just don't have any ideas right now. Otherwise, I might just split the cash across SPY and QQQ. +Take L brands for example. According to marketscreener the founder and CEO of that company "Leslie Wexner" only owns 16% of the entire stake. Does he have any special voting rights? Because if he doesn't have then he could be fired as both the CEO and Chairman by Capital Research & Management Co. who currently owns 20%. Where can I look up the voting rights of the shareholders in a public company? + +Btw, I love this subreddit. It's the third time I'm asking a question here and I'm getting really competent answers. Love you guys and gals :D +*(TL;DR at bottom of post)* + +***Short post, but hopefully some timely and helpful things for all of us to think about:*** + +I'm not a huge fan of ringing the "THIS IS FORUM SLIDING! GTFO!" bell, which to be sure *is* justified at times, but I think happens more often than it should. + +I don't know if this is one of those times or not- maybe it is, maybe it isn't. + +BUT, IMO we all should be aware of that possibility, and what that would mean for our ability to spread awareness of, and focus on the most important news/developments/DD/etc. (Side note: Yes, in my opinion, lethally effective memes & shitposts are important). + +The net ROI if you will of 2021's Korean "Ants" wave *(again whether started with intent to forum slide, naturally grew to have the same effect, or a mix of both)* for anyone who was around to experience firsthand, was not nearly as meaningful/impactful as it should have been to justify the amount of time/space/attention that post after post after post took up in total. + +# TL;DR + +* **In no way am I trying to shit on this "1.2 Million Chinese investors on FUTU and they're DRS'ing their GME in droves!" wave if it's legit** +* **BUT, even if it is, I think now is a great time for a reminder to think about what other types of highly valuable posts/info/etc can be crowded out if everyone runs to jump in without considering the overall impact to the sub** + +***EDIT: AWESOME REMINDER BY*** u/Firetorpedos ***AND*** u/bowls4noles ***IN THIS LINKED COMMENT:*** + +***The "Ants", the "Crypto Bois", and any other out-of-nowhere new incremental GME investor campaigns have generally coincided with, and been falsely credited for NO-OTHER-REASON price spikes/run-ups, that turned out to be factually unattributable to possible GME share purchases made by any of those groups:*** + +[***https://www.reddit.com/r/Superstonk/comments/siwcs4/comment/hvb9m8d/***](https://www.reddit.com/r/Superstonk/comments/siwcs4/comment/hvb9m8d/?utm_source=share&utm_medium=web2x&context=3) + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/siwcs4\/comment\/hvb9m8d\/](https://preview.redd.it/kew5it647hf81.png?width=1744&format=png&auto=webp&s=a532b12785736c67effc8ad146005d2e354e40d9) + +&#x200B; + +**+++++++++++++++++++++++++++** + +&#x200B; + +***EDIT, TO BE CRYSTAL CLEAR:*** + +* *1) For anyone not familiar with the Korean "Ants" campaign last year, please know: I have nothing against any human beings, regardless of their DNA, beliefs, citizenship, etc* +* *2) The nationality/origin of the investors was irrelevant, and would have made no difference to the point of this post* +* *3) It could have been the Martian "Water Bears", and still would have been forum sliding* +* ***4)*** **I, and EVERYONE here, wholeheartedly welcome ANY and ALL newcomers to investing in GME, regardless of where you call home!** + * ***A)*** **This post is NOT taking away from those investment decisions, in any way, shape, or form!** + * ***B)*** **This post is NOT taking away from your perseverance HODLING right alongside every other GME shareholder, through every spike and dip!** + * ***C)*** **This post IS simply an objective observation that none of these campaigns has "moved the needle" in the sense that any measurable impact on the charts took place** + * ***D)*** **This post IS an indictment of the criminal fuckery market manipulation by the GME shorts, who have overcome buying waves, and have used those subreddit campaigns to opportunistically and falsely attribute their momentary loss of grip, FTD buildups, rollover cycles, etc to ANYTHING other than their inability to hold GME down 365 days a year** +The salty, highly upvoted post mocking dogecoin being accepted at Tesla for some items - the sixth largest company in the world in market cap, and undoubtedly one of the most visible companies in the world, accepting the purchase of items with cryptocurrency - priced in cryptocurrency and not fiat - is absolutely disgraceful. It shows what this sub is - not an advocate for cryptocurrency, but a thinly veiled place to be tribal and act salty when other people’s bags do well. + +That’s pathetic. + +This is a win for cryptocurrency in general. I’ve been around this space since 2013. Back then, Bitcoiners were screaming for companies to accept cryptocurrency and price things in cryptocurrency. Then when it happens 8 years later, the primary attitude about it is salt just because the cryptocurrency of choice isn’t in the bag of certain people in the sub. + +Grow up, take a step back, and recognize this as a win for cryptocurrency. We are in this together. + +If it was your cryptocurrency of preference being accepted, you’d magically consider it a good thing. That’s the truth. + +Note: My bad, this is a remade post - the original was closed as I shared it on my Twitter, which I have found is against this subreddit’s rules. +I got into an accident with Zipcar, and there was another car involved. The damage is above $1000 and I'm in CA, so I reported it to the DMV. However, DMV said I did not have a liability insurance coverage and my driving license will be suspended. Zipcar said the case will be handled by Sedgwick Claims Management Services. I reached out to them, and they said they have already paid to the other party. I also called DMV, and they said they need a "traditional" insurance company and Sedgwick didn't count. Have anyone met this issue before? How can I deal with it and cancel my suspension? +I'm a 31 year old female software engineer, working in the bay area. I spent most of my 20s in a relationship that turned controlling and unhealthy. After many attempts to leave, I finally got out about a year ago. I've spent the last year researching and understanding how controlling relationships tend to escalate and how people without a support system (financial, emotional, etc) can be particularly vulnerable. Leaving that relationship and re-building my life as a single person was one of the hardest things I've done in my life. When I left, thanks to years of working towards FIRE, I had my own money, my own job, and even my own house (I had bought it as an investment, but could live it if needed). Leaving was still incredibly difficult, I couldn't imagine how hard it would be for people who weren't in such a comfortable place financially. After all this, I see FI as a powerful tool getting out of these types of relationships and reducing my financial dependence on any future relationships. I'm curious if others have similar experiences or any lessons learned to share with the community. +Hello everyone, + +&#x200B; + +I'm looking to get into options trading with some extra money I have- around $5-10k. Looked around forums and subreddits and concluded SPY weekly options would be a great starting point. Wanted to pick at everyone's brains a bit and see if there's any key considerations I'm missing. + +&#x200B; + +Currently thinking about going all-in on 50 contracts of 11/17 $473c options. The $473 strike is an arbitrary price point I came up with from a modest amount of research but nothing more or less. If I am open to a high-risk portfolio with strong potential gains, is there anything else I should take into account? + +&#x200B; + +Thanks for your inputs! +After just 4 days lurking in this sub i now got Wallets set up, a Binance account, a miner set up on my PC, got a general idea of what Crypto is and invested my first 100€ worth of ETH and altcoins. + +&#x200B; + +Thank you everyone who keeps this sub filled with informational gold (and sometimes comedy gold). + +Crypto to the MOON 🚀🌕 +It feels like someone has my money and its not liquid at all and I have to pay penalty if I take it before retirement. However, money in the bank is as good as losing money due to inflation. In my 401K, 90 percent of my money is invested in large cap Vanguard. My current employer gives pension. So not too worried about retirement. +It makes me happy thinking that my 401k is earning me passive income, albeit without access to it. +How do you think about 401k? + +Edit update : Final Take from valuable comments = Fill up your 401k and after that fill up your ROTH. +However, luckily I managed to buy longer than usual expirations: + +PLTR $30c March 19, 2021 + +GME $20C April 16, 2021 + +Thoughts on holding these? Both down over 50%, hoping for a bounce back over the next few months. Total investment = 15k, now worth around 7k, and it hurts... + +My heart goes out to those who bought near term or weeklies. This market is WILD. + +12/3 edit: Sold $GME, bought $NTLA. Made my GME losses back. Going to hold for now. Don't plan to touch $PLTR. Letting it ride. Also, definitely fell in the GME meme cycle. PLTR on other hand is a company I believe in. Interviewed with them a while back as well. Great conversations below... good luck to all!! + +P.S. THANKS 4 the GOLD! +It's been 15+ years, but a few days ago I realized I still remember my son's ss#. He was 5mo when he passed. + +I have no reason to suspect anything nefarious, but you see the stories of minors who find out their parent used their social to open accounts and it got me wondering. + +Is this something I should check into? +Pre-release games could be voted on if you own the NFT, so early customers could have some say in games they're excited about. + +Existing tournaments could be customized or set up in a similar way. + +Reality TV opinions could be taken in an instant. As well as other social media opinions but without interference from bots. + +Employees could vote on company decisions. Shareholders already do but it could be made easier. + +Parties could have very accurate primaries that give extra weight to people who have voted before, and received the "I voted" interactive NFT. + +Just some random ideas. +Some people may not realize but El Salvador's main currency is the USD. It is used there as currency for everything, from savings to expenses. + +But the main difference is that unlike USD, the Salvadorean central bank can't print more of this currency. This is fine if the supply of the USD doesnt go up. But when 22% of USD in circulation was printed in 2020 alone, and almost all of it has gone just to support USA, this is a big problem for countries that have adopted the USD based on trust but now find out this was a huge mistake. + +Salvadoreans find their savings are fast losing purchasing power, but unlike USA they dont have any stimmy checks to cash in, and their earnings and average household income isnt going up to account for the massive inflation of USD. Essentially, they are experiencing a mini-Zimbabwe like situation even though they are using USD. + + +They can either go back to their own currency, or just adopt cryptocurrencies which have all the characteristics of fiat currencies except they cannot be manipulated at will (atleast the ones that have proven themselves) +This is my FIRST week of retirement! I couldn't help but share that here. Woot Woot!! Every day's a Saturday, for the rest of my life! What do you look forward to the most in your FIRST week of retirement? +I have $35,000 so far set aside for a future house deposit (long way to go, I know..) I’m currently with ANZ earning 2% p.a on savings. Anyone have any bank suggestions with higher interest on savings? Willing to change bank entirely. +I have a good resume, worked at coles, maccas and a fish store. Looking for a job with little to no face to face interaction with customers. Preferably working in a ware house or doing something physical. Any job ideas? +Edit: I currently work at maccas and a fish store and left the other due to distance from home. +As the title states, I didn't fix price my mortgage at the end of last year due to some hectic life circumstances and as we were making a lot of extra repayments. +Looking now, all rates are high 3% fixed for one year and over 5% for 3yrs. Have a missed the boat, or should I still try to fix as soon as possible? +I have a good resume, worked at coles, maccas and a fish store. Looking for a job with little to no face to face interaction with customers. Preferably working in a ware house or doing something physical. Any job ideas? +Edit: I currently work at maccas and a fish store and left the other due to distance from home. +Earlier in my career it always baffled me how companies would let some of their best people walk away primarily due to their lack of interest in giving substantial raises to those who deserved it. I saw people walk away with offers from other companies with a 30% raise that were not even approved for a 4% raise in a position they excelled at. + +I always wondered: how does it make sense for you to design a system that is targeted at retaining average/mediocre people and that, by design, allows your best and brightest to walk away? + +As I've moved into middle management and I have gotten a closer look at how these things are managed, I wanted to write out my observations in case they will help anyone make decisions about their career moves. + +When a boss, especially a middle manager, wants to get one of his employees a big raise, there is an entire process that is started with HR. + +In order to understand that process, the first thing you need to understand is grades and bands. See, your position, at most major companies, has a specific job description that has been approved and graded by HR. Graded means that they have done their homework to understand what other employers are paying people doing that same job. They look at averages, they also look at low/high values. Based on that distribution of salaries, HR then develops a salary band, i.e., people in this position should be making somewhere between X and Y. + +So, let's say you are working in a position where you are currently making 65k a year, and the band for the position is between 55k and 70k a year. + +**First important concept: the effort associated with getting you a raise of 6k is an order of magnitude higher than getting you a raise of 5k a year.** + +As you can tell, 6k would take you outside of your salary band, which means that your boss would need to convince HR to either a) give you a promotion, thereby moving you a different band, or b) regrade your position, i.e., argue that what you actually do is so substantially different than what the job description is that there should be a re-evaluation of what your job compares to, and hopefully, the amount of money you get paid. + +**Second important concept: every halfway decent boss will always argue for their best people to get promoted and or re-graded and most of those people don't "deserve" it** + +When I say "deserve", I mean that most of those people will not get a better position or salary out in the free market of jobs. At least not easily - and HR knows that. That means that if you are a 75th percentile employee, you likely **can** find a better job out there, but it will take time. And effort. Time and effort after work hours that may be enough to where that person will eventually get discouraged and decide that it's not worth it, and that they probably have it "ok" where they are at. + +This is a very disingenuous version of the word "deserve". The reality is that supply and demand in the job search world is not very efficient, so even though there is an employer out there who would love to hire you for the money that you truly deserve, it's not always easy for you to find each other. There may be job title issues (advertise as Junior Analyst even though the job description and salary is that of a Senior one), experience issues (must have experience in oil and gas... for an HR job), educational restrictions (must have a PhD... even though half of our people don't). The point is, just because you can't find a job right away it does not mean you are being compensated appropriately right now. + +**Third important concept: HR plays a numbers game - the probability of any one deserving person leaving and the cost of replacing them is almost never higher than the expected cost of giving every deserving employee the raise they deserve** + +Replacing a great employee is actually very expensive. Between lost productivity and the resources required to complete a full blow search, you are going to spend a lot of time, money and effort to replace that person. And you may not find a great person to replace them with, which means you will lose even more over time. + +However, the rate at which great people leave an organization is almost never alarming enough to warrant a risk-averse strategy of aggressively preventing any great person from leaving. So HR just rolls the dice and says "I have 100 people that are really good that I want to retain. If I give them a higher than meagerly-average raise, it's likely that 85 of those will be happy enough to not actively start looking. Of the 15 that will actively start looking, 10 of them will not find something better within the next year. Of the 5 that do, I will likely get a change to make a counter offer, which means that I can keep maybe 3 of the 5. That means, over the next year, I am looking at losing 2 people and it's costing me 3 exceptional raises to do so. + +So, how does your boss convince HR to give you a huge raise? To me (no inside knowledge), there are 3 major criteria that you need to fill: + +**1. You need to be critical to something important** - you need to be the only person that can do something that a big, expensive something else relies on. Maybe you are the only one that can make changes to the software that a $10 million a year account is buying. Or maybe you have all the contacts for a prospective account that is critical to your company. Or maybe you are the only one with the skillset to develop a new training program that was already promised to investors. Again, you want to be mission critical, because it means that any downtime from you leaving will hurt... a lot. + +**2. You need to be difficult to replace** - if you are the only person at the office that knows Python and that is the only thing that makes you mission critical, then it's not as big a deal - Python developers are a dime a dozen and you can even contract one instead of hiring them full time. On the other hand, if you are the only person at the office that has a specific combination of skills that don't come around often (you have a PhD in fruity loop flavor development, I don't know), then you gain a good bit more leverage because the company then knows that the costs of hiring your replacement will be high. + +**3. You need to be a high flight risk** - If you seem happy with your work, happy with your boss, happy with your coworkers, have a good work/life balance, live in a city that doesn't have high demand for your position, have a significant other that also works... you are likely going to be seen as a low flight risk. How do you become perceived as a high flight risk? This is the tough part, because there is no way to convince HR of this unless you essentially have an offer from someone else in your hand saying "I'm going to leave now, unless...". + +**Which brings me to my final point, and something that I always argue for in this sub: if done correctly, there is no downside, and pretty much only upside in looking for other jobs.** + +Worst case scenario, you don't get anything, in which case you know that this is not the time to start pushing your leadership for a raise or promotion too much. + +Expected scenario, you find something, maybe it isn't great, but it gives you an idea of where you truly sit in the marketplace. + +Best case scenario you receive a considerably better offer for a job you like, and then you just have a decision to make among two really good options: leave for a better job, or ask for better conditions at your current job and stay if they comply (and you feel comfortable enough with them to know they're not just going to fire you when they fire your replacement). + +TL;DR: HR doesn't want to pay you money because the odds are in their favor. The best thing you can do is always look for other jobs and see if something better comes along + +Edit: to anyone arguing that that I'm just cynical or jaded: http://www.forbes.com/sites/cameronkeng/2014/06/22/employees-that-stay-in-companies-longer-than-2-years-get-paid-50-less/ + +My wife and I are both first time buyers, currently renting while we save for a new home. + +After looking in our area (NW) we have come to the conclusion the type of house we would want is most likely in the 450k range. + +With our current earnings and savings it would take a few years to afford a property like this, so we would be renting in the meantime. + +I've been looking again recently and noticed a few houses in the 250k range. They don't have everything we would want in a 'forever home' (mainly more rural), but there are some nice properties that wouldn't be bad for a first purchase, and certainly be better than the options available to rent. + +I'm basically trying to figure out if it's better to carry on renting and saving, or to build equity and save, with the goal to move--let's say 5 years down the line. + +In my head it's weighing up the cost of moving + interest on the mortgage + house maintenance, versus the cost of rent. + +At this point I feel like it might be time to buy. Maybe continuing to rent is the more financially sensible option, but personally I'm starting to lean towards just making the jump. I'd like to know what others think though. I might not have taken all factors into consideration. +Hey traders! I'm along time lurker of this subreddit, couldn't help but notice in recent weeks there's been a steadier stream of posts of traders dealing with various trading psychology issues like loss of confidence, revenge trading, etc. as well as some issues with risk/reward planning. + +So I figured I should actually step in for once and offer my help! I've been a full-time day trader for a long while now, so I may be able to help some of you with your trading journey. Post your questions or issues below if you'd like to share - honestly, I'm even down to do a quick call to explore and correct issues. In any case, looking forward to everyone's questions - I'll do my best to reply to them all in a quick manner\^\^ +I just got social engineered and all the stuff in my GameStop wallet taken. Go to GameStop Wallet and look up - ChongNeeradi (0x317d5276f18030a688d61a65c0046948f6f2253e).... Clearly this person is going around and taking everything of value from others and transferring it to themselves. WHAT CAN WE DO ABOUT THIS? Can GameStop block the account or what? + +Link to ChongNeeradi - check out the History section... Entire sections of assists being dumped into their account. + +[https://nft.gamestop.com/user/ChongNeeradi?tab=owned](https://nft.gamestop.com/user/ChongNeeradi?tab=owned) + +&#x200B; + +EDIT: This was my fault - (at)GameStopNFT is the real twitter address and anything else is a scam. Now I'm gonna disconnect and wallow away the weekend thinking of how stupid I was. Fuck. + +&#x200B; + +EDIT EDIT: Wow, this blew up. I posted after work yesterday and then shutdown for the weekend... Well the SCAMMER doesn't like the attention this has given them. They've changed their user name to CRUST, changed my old wallet user name, and unfortunately have scammed 2 more people since me yesterday. They also SELL the stolen NFT's and someone just bought one from them. Here's a new link to their profile - [https://nft.gamestop.com/user/CRUST?tab=history](https://nft.gamestop.com/user/CRUST?tab=history) I've reported this to GameStop Blockchain and will update once there is an update. I'm also working with someone else who knows more about blockchain and they said that they will dive deeper into the transaction history and such. Sorry for a lame update but please - DO NOT DO BUSINESS WITH WALLET address 0x317d5276f18030a688d61a65c0046948f6f2253e +Most of the posts here are, rightfully so, full of us folks still in the middle of our journeys. Any of you out there who are on the other side, what do you do? Where do you go? How do you spend your time? +Well, the market is bleeding. Another day, another loss porn at asx\_bets. We're overleveraged and malnourished, no tendies on the horizon. + +But here we are scrolling through reddirt looking for the next lithium play getting nowhere. + +And so I ask how do you find fresh new ideas for the next loss porn or multi-bag? + +Shill me your platforms/webites/podcasts/rich uncles that I can discover new asx companies NOT your Z1P's and your 4DX's +This is just too funny not to share, plus I know stuff from ASX bets ends up on twitter all the time. + +Motley Fool CIO attacked short sellers on twitter and is getting roundly mocked for hypocrisy on twitter. You can see the main thread here, but there is also a serious thought... + +[https://twitter.com/longhorncapital/status/1359997066408198147](https://twitter.com/longhorncapital/status/1359997066408198147) + +It's pretty funny but worth keeping in mind how much their stocks can move on recommendations. After all, they don't exactly spare the hype. Plus if you just google [Scott Phillips](https://arichlife.com.au/scott-phillips-from-motley-fool-should-retract-his-comments/) you can see he was saying more people would die from the flu than covid back in March 2020. + +Something to think about though for you all on this thread. MF has been amping PBH as "the next afterpay" for maybe a year now. Don't you think that once they stop this promotion, it might impact the share price? Their recommendations impact the price on the way up, that's for sure... + +&#x200B; + +So here's my prediction... whenever you stop seeing the Motley Fool ad below will be at least a short term top for PBH... without the advertising buyers should drop off... + +No position no view, just a thought. + +https://preview.redd.it/xknpnvv75yg61.png?width=1240&format=png&auto=webp&s=7ff122b71ad6cf084da12c83608b2147509fbdba +First off, one stock per person and try to put together a half decent reason why. None of this listing a shit tone of different stocks with no context. + +Her boyfriend isn’t home to answer the question and the cat doesn’t care, so I went with “something something smaller market means more exposure and easier to raise capital”. +Disclaimer: This is not financial advice. All prices provided in AUD. + +I will do my best to transparently and succinctly summarise the investment case for Minbos Resources (MNB), with detail on associated risks. I believe there is a >1000% SP gain to be made within 3-5 years, with low risk of any further dilution. If you'd rather listen than read, watch this interview with CEO Lindsay Reed on 1.5x speed: [https://youtu.be/vKxhkcDxCGM](https://youtu.be/vKxhkcDxCGM) + +**What is their project?** + +MNB plans to mine phosphate in Angola, Africa, transport it through existing networks to a granulation plant, where they create the Cabinda Blend fertiliser, and then distribute it from the nearby existing port as well as on land. Agricultural land in Africa is severely underfertilised, meaning the food produced is lacking in nutrients, the crops are more vulnerable to stress, and less crops are able to be harvested in a given year. + +The Cabinda Blend has undergone four years of agronomic trials in partnership with the International Fertilizer Development Center (IFDC). It is opportune that the fertiliser blend possible from the phosphate mined is perfectly suited for the acidic soils in Angola and broader Africa. + +This is a project that will literally feed Africa and will be carried out with heavy involvement with the IFDC. Recently, donors to the IFDC funded a $54m project in Burrandi to support agricultural productivity. At $27m capex, low technical risk (not a novel process to create fertiliser), government support, and several interested donors from the IFDC, the expected outcome is that financing will be completed completely **non-dilutionary**. + +**Market?** + +Middle Africa has 170 million people and vast areas of arable land, but not a single fertiliser production facility. Angola's agricultural sector is growing rapidly - to eat and to export. + +**What's the economics?** + +The price of phosphate fertiliser has exploded since the initial scoping study and has exceeded the bull case. The first year of production (2022) aims to produce at a rate of 50ktpa. Using the current Angolan landed MAP fertiliser price of $800, and therefore, an earnings of $40m, a discounted 8x earnings valuation places this company at $320m market cap. Expansion to full production will be athroughput of 450ktpa, which easily exceeds a $600m valuation. At a current <$40m market cap, I expect upcoming catalysts which firm up these economics (not expected to change as stated by CEO) to result in a significant re-rate of share price. + +**Supports?** + +The Angolan Government has demonstrated strong support in every opportunity they have had so far. + +* They awarded MNB the tender for the phosphate project. +* The Mineral Investment Contract signified the green light from the Angolan Government. +* MNB received their "Mining License less than two months after executing a Mining Investment Contract, usually a 3-5 year process", which is "a timely confirmation by the Government of Angola of their commitment to support and accelerate our Project." + +The Angolan Government has every motivation to see this project succeed. It is 2017 democratically elected president João Lourenço's mission to diversify the Angolan economy away from oil (Africa's second largest producer). From the government support so far, it's clear to me they understand MNB in partnership with the IFDC is the key to unlocking this. + +**Risks addressed?** + +* Technical risk - not a novel process, and the fertiliser blend has had agronomic trials demonstrating success the past four years. +* Market risk - exponentially expanding agricultural sector in Angola and middle Africa. +* Logistical risk - the fertiliser plant has access to nearby port and trading hub. The IFDC have previously rolled out similar fertiliser programs with success. +* Financing risk - there are several interested donors to the IFDC which will fund the project. This project aligns with the IFDC's objectives and is well within the $$ ballpark which has been previously provided. +* Government risk - in all opportunities thus far, the Angolan Government have demonstrated strong support of this project with motivation to accelerate it. +* Country risk - Angola has maintained political stability since the end of the 27-year civil war in 2002, without any attempts of coup or major civil unrest since. Newly elected João Lourenço has made specific focus to economy diversification and crackdown on bureaucratic corruption. Oil prices above an average of $60usd help the country as a whole recover economically these coming years. + +**Upcoming catalysts?** + +The **Definitive Feasibility Study (DFS)** is many times more significant than an initial scoping study. It lays out the detailed economics and will be the reference document for institutional investment. It is expected the engineering component has been already completed as long-lead items for the granulation plant have already been purchased. It could drop any day between now and November. + +100% organic fertiliser patent. + +Construction is expected to commence early 2022 and be completed within **6 months**. + +I will do my best to answer any questions you guys might have in the coming days. I have been conservative with the economics because the ability for expansion is significant, and the base case of 50ktpa justifies the project many times over alone. It honestly doesn't matter how you discount a $600m fully priced market cap, $40m is a value buy for me. + +This stock tends to be quite illiquid so it is not one to trade for a quick buck - it is smarter to invest based on the economic fundamentals, with some technical analysis to help. We've had a break of the long term downtrend and are now flagging out at a higher level. As indicated from the volume profile, my buy pocket is between high-volume supports 0.075 to 0.082. High-volume resistance at 0.09. Blue skies above 0.115. +I have to make a decision whether to purchase(exercise) my options that are vested for $450k after leaving my last job at $lastco tech company recently. + +My situation: + +* Age: 36. +* Current NW $3.2M (not incl company equity) +* Split into: +* Liquid (indexes/stocks/cash): $2.2M +* Real estate (excluding debt): $700k +* PE/VC: $300k + +I have recently taken a new role as an exec at a fast growing early startup $newco. TC at new role: Cash \~$350k, equity between 1-2%. (At today's valuation equity is around 600k per year highly likely to multiply). + +&#x200B; + +At $lastco, I have options vested (ISO/NSO split). + +Company details, it has done ok. But probably 4-5+ years till exit (IPO unless acquired earlier). + +* \~10 years old +* SaaS +* A few years ago goals shifted towards profitability. +* Due to which: Growth slowed down last couple years. (biggest concern) +* Profitable now and around \~30M ARR. +* Last round of funding was 5 years ago. +* Focus back on growth this year. +* New revenue team in place, strong execs (sales/marketing/ops). + +&#x200B; + +Option details: + +* Worked there for around 8 years. So biased towards a positive outcome. +* I have already exercised 25% of my options 4 years ago. +* Have to make a decision whether to purchase the remaining 75% of my options that are vested. +* Total price required to exercise all my options: \~$450k +* Strike price and FMV are almost equal. So negligible taxes (\~$500). +* At the valuation of 5 years ago (last round of funding) at preferred stock price, the value of exercised stock = $1.3M + +Would you exercise and put in the $450k? It represents around 15% of my NW. I am leaning towards exercising. + +If I don’t do this, my alternative investment with $450k would be to put it into VTI. +**Hi - long time reader looking for some advice.**  + +Apologies if this is not appropriate for FATfire.  + +Current situation:  + +41 m  + +6.5 m nw  + +Vhcol Area  + +3 m liquid assets: stock. 1m in retirement accounts, 2m in post tax accounts + +1m : Primary home - bought 2 years ago for 3m with 1 m in equity. Some appreciation but likely a wash with transaction costs and covid. We love the house and will likely be here for a while (unless we move cities).  + +2m: rental properties generating \~ 13k/month, 3m market value, 1m in loans (8k holding costs incl taxes and upkeep)  + +0.5m: real estate project - 1.5 m $ single family home, 1m$ loan (plan is to do a ground up reno - can be a beautiful house or a 2 unit rental). Currently on hold due to covid.  + +Not there yet - but on our way to a fat FIre lifestyle. + +I am Working at a faang company, making low 7 figures   + +We’re about to have our first kid and hoping for one more. I currently plan to stay in my current role for another \~2 years. I am looking for advice and help in working out the next stage of my career at that time.  + +I don’t plan to ‘retire’ for at least another 10 -12 years. I enjoy what I do and would love to continue to build products and teams. I think we should hit our "number”  in net worth/cash flow in 2-2.5 years allowing greater flexibility while being able to provide for my family. We live well, but also below our means (We save over half our post tax incomes. The baby will add new expenses but we should be able to mostly maintain our savings rate). Wife left her job a few months ago and our current plan is that she won’t go back. She’s managing the real estate investments and plans to be a full time mom. We still plan to have a full time or part time nanny.  + +As I see it I have 3 realistic career options.  + +1. Stay at my current company or comparable. Pretty low risk option. Can continue making 7 figures. My current scope doesn’t give me a path to vp - Unless I find a new role or project.  this is the least appealing option to me right now (big motivation to keep working is to enjoy it, but also growth). Moving to a similar sized company that would match comp likely has similar challenges. OTOH I hear from my friends with kids that this option appears much more attractive post kids.   +2. Move to a much smaller, high growth company. Thinking series b or later with some product market fit. Will be looking for at least a vp role with significant equity. Probably more upside financially if things work out, hoping work will be much more enjoyable (faster pace, less politics, meaningful responsibility) with some semblance of work life balance (most weekends off, 4+ weeks of vacation are my big asks)  +3. Start my own company. Highest risk, highest reward. Biggest immediate risk: Don’t have a clear technical confounder identified. No WLB expected. + +Questions:  + +Any other good options I’m not considering?  + +Anyone that has made the leap and founded their own company - what was the process like? How did you make sure your assets were shielded from any issues with your new company? How did you go about finding a co founder? At what stage did you leave your job? + +For those that went with option 2 (moving to a smaller higher growth company with increased scope) - how did you find the right role? Can you build a network of exec recruiters that can help find the right opportunity and fit?  + +Advice on how to build my network with these goals would be highly appreciated .  + +I’m planning this shift 2-3 years out. Things can change but I think I’d like to at least spend the next yr or 2 focusing on the family, and ideally have #2 on the way before shifting gears a bit. I'be learned a lot from the posts here. Hoping to leverage this community to help guide me. +###What is happening? + +In what has been touted as the culmination of a multi-year scaling debate, on August 1, 2017 at 6:12pm UTC ([block 478559](https://www.reddit.com/r/Bitcoin/comments/6qy592/478559_found/)) a new altcoin was created from Bitcoin. The new altcoin is known as **"Bcash" (BCH)** or "Bitcoin Cash" (BCC) depending on which wallet/exchange you ask. In order to avoid confusion with actual Bitcoin and other altcoins, we recommend readers refer to the new altcoin as "Bcash" (BCH). + +As with all altcoins, Bcash is technically off-topic for the /r/Bitcoin subreddit. However, Bcash was created based on Bitcoin's transaction history, and therefore all Bitcoin owners should be able to retrieve an equal amount of Bcash with some effort. Your Bitcoins are just as safe as they were before the chain split, but you should take care not to compromise your private keys if you wish to retrieve Bcash. This is not urgent unless you wish to trade immediately. If you choose to retrieve your Bcash, please be aware that consolidating your UTXOs will impact your privacy on both chains. + +In order to help readers navigate this confusing situation and minimize disruption of relevant content, /r/Bitcoin has dedicated this sticky thread where readers can ask questions or leave comments pertaining to Bcash. If you are wondering how to retrieve your new altcoin holdings, please read the discussion thoroughly as your questions may already have been answered. If you don't see a similar question, please be sure to mention your wallet method and preferred exchange so that other readers can help address your concerns. You are also invited to submit new threads to the /r/Bcash subreddit if you so choose. + +If you would like to understand the motives behind this new altcoin, please read [The Future of “Bitcoin Cash:” An Interview with Bitcoin ABC lead developer Amaury Séchet](https://bitcoinmagazine.com/articles/future-bitcoin-cash-interview-bitcoin-abc-lead-developer-amaury-s%C3%A9chet/). + +[A Beginner’s Guide to Claiming Your “Bitcoin Cash” (and Selling It)](https://bitcoinmagazine.com/articles/beginners-guide-claiming-your-bitcoin-cash-and-selling-it/) is a must-read for anyone feeling particularly lost. + +###But I thought we avoided a chain split? + + For those of you who thought we avoided a chain split with the activation of BIP91 a couple weeks ago, here's a very loose summary of what happened on the Segwit (BIP141, BIP148, BIP91) front: + + 1. Bitcoin Core team deployed Segwit (BIP141) last year + 2. Miners refused to activate Segwit via BIP9 + 3. Users deployed UASF (BIP148 by shaolinfry) to require Segwit (BIP141) signaling by August 1st + 4. Miners activated BIP91 (by James Hilliard) on July 20th in response to UASF (BIP148) + 5. BIP91 complied with UASF (BIP148) by enforcing Segwit (BIP141) signaling ahead of August 1st + 6. [Segwit BIP141 is expected to **lock in** on Tuesday, August 8th](https://www.xbt.eu/) + 7. [Segwit BIP141 is expected to **activate** on Monday, August 21st](https://www.xbt.eu/) + 8. BIP148 activated successfully without any chain split + 9. Another altcoin called "SegWit2x" (B2X) may be created later this year, similar to Bcash but with less safety precautions regarding replay protection + +Despite all the progress we're making in scaling Bitcoin both on-chain and off-chain, the Bcash crew has decided to part ways with the Bitcoin project by creating a new altcoin. The key differences are that they are attempting to gut Segwit from their forked client, as well as increasing the deprecated max_block_size attribute to 8MB. + +###Various Announcements: + +[Electrum 1](https://electrum.org/bcc.txt) - [Electrum 2](https://electrum.org/bcc2.txt) - [Trezor](https://blog.trezor.io/bitcoin-cash-hard-fork-chain-split-safe-guide-abbe3e9c553f) - [Ledger](https://blog.ledger.co/securing-your-free-bitcoin-cash-stash-d50aff765688) - [Coinbase](https://blog.coinbase.com/update-for-customers-with-bitcoin-stored-on-coinbase-99e2d4790a53) - [Breadwallet](https://breadwallet.com/blog/how-breadwallet-will-handle-bitcoin-cash-and-bitcoin-purchases-during-fork/) - [Bitfinex](https://www.bitfinex.com/posts/212) - [Airbitz](https://medium.com/airbitz/airbitz-and-the-bitcoin-cash-fork-886c62f96d22) - [Blockchain.info](https://blog.blockchain.com/2017/07/30/bitcoin-cash-bcc-hard-fork-means-blockchain-wallet-users/) - [Exodus](http://support.exodus.io/knowledge_base/topics/how-can-i-view-my-private-keys-1) - [Jaxx](http://decentral.ca/jaxx-statement-bitcoin-cash-bch/) - [Kraken](http://blog.kraken.com/post/1150/bitcoin-cash-and-a-critical-alert-for-bitcoin-margin-traders/) - [Bittrex](https://support.bittrex.com/hc/en-us/articles/115000808991-Statement-on-Bitcoin-Cash-BCC-) - [Greyscale](http://www.nasdaq.com/press-release/grayscale-investments-llc-statement-regarding-bitcoin-investment-trust-and-bitcoin-cash-20170728-01117) - [Yobit](https://yobit.net/en/trade/BCC/BTC) - [Bitcoin Core](https://github.com/NicolasDorier/BCCSpliter/) - [Bitstamp](https://www.bitstamp.net/article/bitcoin-hard-fork-our-position/) - [Mycelium]() - [GreenAddress]() - [BitcoinTalk](https://bitcointalk.org/index.php?topic=2059111.0) - *(Reply in comments to add other services)* + +###/r/Bitcoin wishes Bcash a happy farewell and the best of luck in their new venture! +I'm mid-20s, moved back home a few months ago because of a bump in work (left a job I was unhappy with). I recently accepted a job that will pay around 125k (it's base + commission, ~125k is what the territory is currently doing). I expect to be bringing home about 7-8 thousand a month less 401k/health insurance. + +My parents are fairly wealthy and won't entertain the idea of me pitching in rent or anything. Staying with them probably saves me ~$2,300/mo that I can further invest. I'm hoping to be FI by the time I'm 40. Sitting on about 122k in investments right now. I'm having a hard time deciding if moving back out on my own is worth slowing down my path to FI while I'm childless and don't have a family that I need to support. + +Edit - lots of comments about $2,300/mo being an inflated number. Where I live, to have an apartment close to my work (which is very important to me since my job is all travel between accounts) is around $1,500. Prior to living with my parents, I lived on the outside edge of town and paid just shy of $1,000/mo, and that would add ~45 minutes each way onto my commute. $1,500 + utilities + food + insurance + cable (donno why people are saying this isn't a necessity, even the FCC classifies the internet as a utility because it's so integrated into our lives). Living ain't cheap in big cities unless you're willing to live in less than desirable or out of the way areas. I'm not. I spend enough of my day sitting in my car, being able to remove an hour and a half of travel each day is near-priceless. +Good morning all, + + I'm a professional derivatives trader for a wall street bank and I get amused/annoyed when I see people call every price move "manipulation." Actual manipulation is common in all markets, but is generally responsible for just the tiniest percentage of price moves and occurs for reasons that would surprise you. + + Most markets (including bitcoin) are driven in the short-term by imbalances between buyers and sellers. Some of these imbalances are purely coincidental. For example, maybe an early bitcoin adopter wants to buy a mansion so they decide to sell 20,000 coins. Unless there's a buyer ready that day to make a big purchase, this will send the price lower, perhaps substantially. And of course it's not about one seller or one buyer, but sometimes instead of 1000 buyers and 1000 sellers, you'll have 1300 sellers and only 700 buyers for a few days. After the price drops, people notice the lower price, think about it, and may decide to buy more. Most buyers and sellers aren't sitting in front of a computer poised to trade though, so there is a time lag. People also underestimate the "humanness" of markets. Over my career, I've occasionally misclicked on my computer screen and accidentally bought or sold 10x as much size as I intended causing the price to immediately move sharply. I've done this in japanese equities, utility options, and other markets, and most traders have made similar mistakes. + +Additionally, no one knows the "fair" value of bitcoin (or any other asset.) When the price swings from $550 to $600, it doesn't necessarily reflect new information or new opinions. It may just be "noise" occurring within the broad range that the market thinks is fair value. For example, if most bitcoiners think bitcoin is fair around $600, large amounts of money might step in to buy at $450 and large amounts to sell around $900, and any swings in between can occur on low volume. + +It's not easy to profit from manipulation. Transaction costs are substantial and it's risky; what if you sell bitcoin to force it down but a big buyer steps in immediately after? To profit, you need to be very confident that 1. You will be able to move the price substantially, and 2. You will be able to trade much larger size in the opposite direction. #1 is easy, #2 is very hard. + +So, when the price moves, first ask, "is there new information?" But most of the time, it's just unknowable randomness, aka "noise.' + + +*edit: To clarify something a lot of commenters are talking about - a very common form of manipulation is the triggering of stop limit orders. It goes something like this: you think there are stop limit orders at $80 in crude oil and the current price is $80.15. So you sell crude down to $80, trigger the stop losses which push it down to $79.70, then buy back your crude. With transaction costs and slippage, you might make $0.25 (out of the $0.45 move) if all goes well. The reason I call this trivial is because the entire thing happens in a few minutes (or sometimes in hundredths of a second with algorithmic trading), and the "manipulator" is first selling then buying so the price is likely to end up around where it started. In BTC this might cause a $30 price swing since it's so thinly traded, but it wouldn't cause the price to shift long-term. It might cause a sharp spike in a chart, but has no impact after a few hours. +I have a Ph.D.; some people might call me a data scientist; and I work in a field where we occasionally consider using convolutional neural networks. + +Machine learning has been around a long time, and there have only been the typical, incremental improvements. The only thing that's really changed in the past 10 years is that the hardware has gotten faster, allowing people to tackle slightly more complex problems. + +What makes this such area so ripe for investment all of the sudden? + +**edit:** Engineers, I don't need you to tell me why machine learning is useful or why I'm wrong about incremental change. I want to know what the investors think. That's why I asked the question here. + What's going on degenerates & self touchers, + +**DogeBonk ($DOBO)** is a completely unruggable, spontaneously formed community token with the most potential to go viral of any meme coin since Shiba. Currently dipping with the rest of the market this is an opportunity to meme the crypto game playa. The 50b prophecy is in full effect. + +Here are *recent* happenings. + +Just look at what the sexiest degenerate in the world has to say about **$DOBO -** [https://youtu.be/RT0NGH7S4is](https://youtu.be/RT0NGH7S4is) + +DOBOs November in review: [https://bonksquad.medium.com/the-journey-of-a-thousand-miles-begins-with-a-single-bonk-dogebonk-november-in-review-7eaba018ccc2](https://bonksquad.medium.com/the-journey-of-a-thousand-miles-begins-with-a-single-bonk-dogebonk-november-in-review-7eaba018ccc2) + +From the article: *" How this assortment of crypto standouts has come to know and tweet about DogeBonk while it was under $150 market cap is unknown, but their acknowledgement of the community strengthens the argument that there is a special something with DogeBonk that cannot be artificially replicated. The common sense argument for DogeBonk doubters would be to question whether they have a better understanding of cryptocurrency and society than the resumes of these men."* + +**CONTRACT** ***---- 0xAe2DF9F730c54400934c06a17462c41C08a06ED8 ----*** + +**HOW TO BUY:** [https://docs.dogebonk.com/](https://docs.dogebonk.com/) + +**TELEGRAM:** [https://t.me/dogebonk\_community](https://t.me/dogebonk_community) + +**Current Highlights:** + +* Ads to go up across London for 3 weeks from before XMAS extending to 2022 - Locations and times [https://imgur.com/a/ASi5n1b](https://imgur.com/a/ASi5n1b) +* Ads in Dubai, Germany, New York, Canada +* Listed on BKEX Exchange +* **LLP created** \- will allow listings on mainstream exchanges in a few weeks time\*\* +* Altruistic stunt to happen +* Partnership with MLB to change the word "homerun" to "bonkrun" in addition to laser engraving the DOBO logo on every players bat. (ok this one is fake lol) +* First official 'Bonkscars' to create hype and funny memes - [https://youtu.be/IuBp3waBPHA](https://youtu.be/IuBp3waBPHA) +* Passionate & involved community +* DOBO themed BattleBonk game created by a community member [https://battlebonk.xyz/game/index.html](https://battlebonk.xyz/game/index.html) +* Closing in on **36,000 holders**, most of which added within the last 4 weeks alone +* Gaining traction on TikTok - **200k videos on TikTok** using the Bonk meme. +* Youtubers taking even more notice as well - i.e. this one with 23k subs [https://youtu.be/Wx4\_Xz\_oczc](https://youtu.be/Wx4_Xz_oczc) +* AMA with the Mods - [https://bonksquad.medium.com/r-dogebonk-11-29-21-ama-7cc9eb20cdb2](https://bonksquad.medium.com/r-dogebonk-11-29-21-ama-7cc9eb20cdb2) +* Most community members are constantly offering their time & special skills +* Twitter starting to go crazy with bonk memes, hashtags, and videos. +* Audited, listed on coingeko and coinmarketcap + +A bunch of beautiful whales have exited their positions in the last 2 weeks due to the entire market dipping, score! This will continue to snowball, and now is the time to get in. + +Become degenerates. Become self touchers. Who needs self help books, not us - BONK. + +With loving Bonks, + +\-MacTennis <3 +While this isn’t EXPLICITLY related to FatFIRE vs any other type of fire, I’m pretty sure that this really good rate was available due to having excellent credit and a low debt to income ratio, so I think it’s likely more obtainable by the fatfire crowd. It’s a refinance of an existing loan, and I called my current servicer (mr cooper). I’m paying a few points, but it was lower than anything I could find on bankrate. I also locked in rates to finance a few investment properties on 30 year terms in the low 3s. Investment properties carry higher rates. Just a PSA for all you fat homeowners out there! +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/xxh13d) 🎃🐦 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +My parents never listened to my financial advice (making a will, cutting expenses, etc..). Then all of a sudden, Suzie Orman comes along and they do exactly what she tells them to do even though I've been telling them to do the same stuff a long time ago. + +They even bought one of her packages online that helps you create a revocable trust (you know? That golden briefcase). Has anyone heard of this woman? It seems that a lot of senior citizens idolize her. +My company has recently been sold, I’ve worked here for 6 years and my 401k has a respectable amount of money in it. Since the deal was completed our 401k had been frozen meaning no more contributions from us or the old company. The new company will eventually start us on a new plan but we don’t really have any details. I just turned 30 years old I’m looking to purchase my first home soon and I’ve recently had an unforeseen emergency expense. My thoughts are I can get a lot done with the money and that would enable me to save a lot more each month, I’m just wondering if I’m thinking too short term and not looking enough long term? I plan on staying with the new company unless things really go south, so I’ll be contributing to the new 401k. + +As far as my plans for the money I would be able to pay off the recent expense, my car has 1 year left on the loan so I’d pay that off. Splitting home purchasing costs with my SO, then with whatever is left would probably be split between savings and some investments + + + +Edit: Really appreciate all the input, seems to be a unanimous “DON’T TOUCH IT.” I hear you all loud and clear, I’m not in absolute dire straits where I need the money. My thoughts were it could just help lighten the load a bit. + +Like I said details are sparse at the moment but there’s a chance I might be able roll it into the new 401k hopefully we get more information at the end of the month. +I work at a private company that just recently was granted a size-able series C funding. I was granted 10,000 stock options upon hire and 7500 more when series C funding was announced. Right now these options are worthless as we are still a private company. Short of predicting the future, what are the chances the company IPOs and my options are profitable? One of our spin-off companies IPOd last year at $17 and hovered around $50 for a bit for reference. +Long story short (pm for more details if you can offer advice), I inherited a house outright, no mortgage. My car is paid off, although I have 50k in student loans. Home is worth 300-350k. +My spouse and I are sick of the working grind, and are planning on living out of our Prius and traveling the US. Budgeting our monthly needs projects a need for 1,000$ per month. +We are considering selling our house and furniture and, after paying off all debts, investing the remainder into stocks, etfs, and index funds aiming at 1k dividend income monthly. After all debts are paid we would likely have around 250k to invest. Does anyone have any suggestions or insights? We are in our early 30s and intend on traveling for the foreseeable future. If we ever decide to buy a house, we would have the principal invested to buy outright. +Any ideas? +My parents never listened to my financial advice (making a will, cutting expenses, etc..). Then all of a sudden, Suzie Orman comes along and they do exactly what she tells them to do even though I've been telling them to do the same stuff a long time ago. + +They even bought one of her packages online that helps you create a revocable trust (you know? That golden briefcase). Has anyone heard of this woman? It seems that a lot of senior citizens idolize her. +Since my fiancé and me both have birthdays around the corner I’m putting our new ages of (29F) (30M) + +Combined savings: 45k +My debt: 5k student loan +His debt: 40k student loans (he recently graduated which boosted his salary from 40 to 65k, he’s a software developer) + +My retirement: 1.5k (I do a 3% match in a simple IRA, I do not feel like this is growing at all, I feel like I’ve been at it for a year and I have no clue what I’m doing) + +He becomes eligible for a 401k after being at his current position a year so he hasn’t started. + +We have two paid off vehicles which are combined worth 20k. + +Essentially we fee stuck on what to prioritize, we don’t feel great on spending 30k on a wedding but we have no clue what to do otherwise due to FOMO. We’re considering eloping but even a nice dinner for 50 family members seems steep. We’re wondering if given our financials, spending money on a wedding is irresponsible. + +We want to buy a house, currently eyeballing 300-375k price point. I feel like we can afford it but not confident. + +These threads make me feel very behind. And I’m committed to setting ourselves up. + +Both of our parents are not in the best places financially and I am trying to break some generational cycles. Even though we’re not 100% sure on if we’ll have kids. + +My question is what should be our priority right now. What makes sense to dip into savings for given our ages. +I bought my house a year ago. My mortgage is almost exactly 50% of my gross income, so realistically I'm barely scraping by. My current interest is 6.25% and I bought the house for 20k less than its value. + + +There are a few things I'm not certain on: + +Is it too soon to Re-finance with no money down? + +How does equity and the house's value play into re-financing? + +I'm about to receive a promotion soon, will this affect my Re-finance process? Should I wait? + +Thank you for any insight. +We’ve tried over and over again but we stink at it. Something will come up and we will deviate a little then about a week after the levies will break. Any and ice? +Well not exactly I put it there, the city archive where I live will store letters for 100 years. They will open them in 2122. I wrote a letter and also put the private keys for 100 $ worth in BTC. What do you think are the chances the network will be still up and running? What would be the block reward by then if so? What would you put in an envelope for 100 years? +I saw a video on TikTok (which I lost a link to 🤦) saying that it's completely worth it to travel while your young and money shouldn't be the reason not to do it. + +Many people in the comments giving examples of how their parents work their whole lives and died or got Alzheimer's or are physically unable to move to their bodies because of a disability to even travel anymore. It's honestly terrifying to think. + +I never left my home state. I barely leave my home town and only visited about 4 different cities in my lifetime in the same state. + +I want to travel, but I legit have no money. + +But I also have no debt. + +I'm currently looking for a second part time job to save up more money. + +But I also seen what happens to older people who have no money and they still have to work. 😥 + +I don't know. + +What do you think of this phrase? + +Is going into debt worth traveling the world? +Warning: This is a \*long\* post. + +TL;DR. Your historical data gives you (best-case) an effective sample size of roughly one, invalidating most of your inferences. + +Looking for the statistics? We’ll get there, but first a little background. + +# What’s a Safe Withdrawal Rate and why does it matter? + +It’s often easy to overlook it, but we are fortunate to live in a time of unprecedented global prosperity. For the past century or so it has become possible, in some countries even typical, that people do not continue working until the day they die, but that they “retire” from the workforce and sustain themselves via a combination of a employer pensions, social security, and own savings. + +This combination — of employer pension, social security, and own savings — is often referred to as the “three-legged stool” of retirement planning. This three-legged stool is common for the boomer generation (at least in the U.S.), and was even more so for their parents, but for many people in many places, employer pensions are now a rarity and state-sponsored social security payments look increasingly meager, making it often look like we are sitting on a two- or even one-legged stool. (Perhaps prompting some of us to realize the alternative meanings of the word “[stool](https://www.google.com/search?q=google+definition+stool)”.) + +Beyond the fact that this leaves many people with a (much) smaller source of retirement funds, it also presents them with an extremely difficult problem that most of us are ill-prepared to handle. Unlike pensions and social security, which arrive every month just in time to pay credit card bills, groceries, and mortgages, our savings are just one big pile of… money. And the problem people are faced with is: “How much of my savings should I spend this week/month/year?” Academics refer to this class of problem as “optimal control problems” and without many simplifying assumptions they can be difficult if not impossible to solve. + +However, for tens if not hundreds of millions of people, this is not just an academic question. Spend too much today and you may end up “spending” your last years in poverty. Spend too little and you may unnecessarily deprive yourself of some of the pleasures of life. To help people with this problem, a large and growing literature has sprung up to come up with “Safe Withdrawal Rates”, i.e., rules-of-thumb for people to use to solve the problem of “How much of my savings should I spend this week/month/year?”. One of the most popular of these at the moment is the “4% Rule”, which roughly states that you should be okay if you spend 4% of your savings each year. + +# How safe is a “Safe Withdrawal Rate”? Enter: The “Failure Rates” + +[Much](https://earlyretirementnow.com/safe-withdrawal-rate-series/) [of](https://www.pwlcapital.com/the-4-rule-for-retirement-the-trick-is-in-the-timing/) [the](https://retirementplans.vanguard.com/VGApp/pe/pubeducation/calculators/RetirementNestEggCalc.jsf) [research](https://www.fidelity.com/viewpoints/retirement/how-long-will-savings-last) around Safe Withdrawal Rates, including the often-cited “[Trinity Study](https://en.wikipedia.org/wiki/Trinity_study)” involves the calculation of the “Failure Rates” (among pessimistic readers/authors) also known as the “Success Rates” (among optimistic readers/authors), associated with various withdrawal rates. These are usually defined mathematically as the probability, conditional on using some withdrawal rate/rule, that a retiree exhausts their savings before dying. + +# 50 Years of Historical Data Should Be Enough, Right? Wrong. + +I’ve spent most of my life dealing with statistics ([along with “lies” and “damned lies”](https://en.wikipedia.org/wiki/Lies,_damned_lies,_and_statistics)), so I’ve been b̶r̶a̶i̶n̶w̶a̶s̶h̶e̶d conditioned to think about everything in terms of “standard errors”. Basically this is just the +/- “range of uncertainty” that surrounds every estimate from “I’ll be there in 15 minutes.” to “No, I don’t have the coronavirus”. + +My first criticism of ***effectively all*** of the research on Safe Withdrawal Rates I have come across thus far \[COUNTER-EXAMPLES WELCOME!!!\] is that there are no estimates of the accuracy (i.e., the standard errors) of the success/failure rates. For example, Table 2 of the Trinity Study reports that the success rate is 48% when using a payout period of 30 years, a portfolio of 100% bonds, and a Withdrawal Rate of 5%. But if we want to take that in-sample 48% and apply it out-of-sample, we need to recognize that it is only an estimate, and IMNSHO any researcher who takes themselves seriously should provide an estimate of the standard errors (i.e., the range of uncertainty) for any estimate they provide. So rather than reporting just 48%, they should report (say) 48% +/- 10%, where this range corresponds to some specified “[confidence interval](https://en.wikipedia.org/wiki/Confidence_interval)”. + +My second criticism of ***literally all*** of the research on Safe Withdrawal Rates I have come across thus far \[again, COUNTER-EXAMPLES WELCOME!!!\] is that they are based on (mostly) unstated assumptions which (again, IMNSHO) are simply naïve: an assumption that returns are, to varying degrees, independently and identically distributed over time, and free from survivorship/observation bias. To understand why this is dangerous, I first need to give you two examples. + +\*\*First example: A Year of the SPX(Lots of data doesn’t necessarily mean lots of relevant information)\*\*First, suppose that I give you a year (a whole year!) of minute-by-minute historical data on the S&P 500 Index. That’s six and a half hours per day, for 253 days: almost 100,000 data points! That’s a lot of data, right? (Indeed, this is even more rows of data than could fit in an Excel 2003 spreadsheet.) So what’s my expected return for the following year? There are many possible answers to answer this question, including: + +* **High-School Stats Student Answer**:exp(average-of-log-of-one-minute-return\* 253 days \* 6.5 hours/day \* 60 minutes/hour)-1 +* **Finance Student Answer**:the same as this year +* **Bayesian Finance Answer**:5% + +Following my first criticism, we can also report the standard errors for each of these answers: + +* **High-School Stats Student Answer**:standard error of average-of-log-of-one-minute-return \*sqrt(253 days \* 6.5 hours/day \* 60 minutes/hour) +* **Finance Student Answer**:Not defined (or infinity, if you prefer) +* **Bayesian Finance Answer**:Depends on my prior (i.e., whatever I want it to be) + +First, note that all of these answers are potentially correct, they just involved various unstated assumptions. What’s perhaps “wrong” with the High-School Stats Student Answer? It implicitly assumes that the data generating process over a one-minute investment horizon is the same as the data generating process over a one-year investment horizon (i.e., that the returns are i.i.d.). Our hypothetical Finance Student doesn’t think this is a reasonable assumption — perhaps aided by the fact that I’ve made the example rather egregious/obvious by looking at minutes rather than, say, months. (Yes, I’m looking at you [Gene Fama and Ken French](http://breesefine7110.tulane.edu/wp-content/uploads/sites/110/2019/09/Fama-French-5-factor-model-JFE.pdf).) A potential issue with the “Finance Student Answer” becomes apparent if I reveal to you that I’ve given you the returns for 2008 (i.e., that your in-sample may not be as representative of your out-of-sample as you think). + +\*\*Second example: Birthday cake(Care is needed when extrapolating in-sample to out-of-sample)\*\*Suppose that I’m conducting research on cake-satisfaction among five-year olds, and that I have a large birthday cake, from which I’m magically able to [sample with replacement](https://en.wikipedia.org/wiki/Simple_random_sample). With some deft spatula usage, I’m able to generate Monte Carlo bootstrapped birthday cakes to offer to various test groups of five-year olds. Just to be careful, I also create some overlapping samples of subsets of the cake (sampling without replacement). Based on my research, I am able to compute all sorts of statistics regarding how satisfied my test groups are with the various bootstrapped/sampled cakes. + +The problem here is that I am only sampling/resampling from a single birthday cake, and I could draw totally different inferences depending on whether the cake was chocolate-flavored or truffle-flavored. Just like in the S&P 500 example above, I should consider the fact that the sample I have may not be fully representative of all cakes/years. + +What on earth does this have to do with investing, let alone Safe Withdrawal Rates? The historical returns we have observed over the past 30, 50, 100 years are like the birthday cake. We only have the one cake. We don’t know what the other cakes might be like. Well, we do a little bit. Most analyses focus on U.S. data. Let’s qualitatively consider how other countries fared in the 20th century: investors in France, Germany, Italy, Japan, Iran, Afghanistan, China, Korea, Russia, indeed ***most of the world’s population would have lost (at some point) most if not all of their savings***. U.S.-based investors have been extraordinarily lucky for effectively all of the modern era of investing, and it is naïve to think that this will be repeated. Not only do we only have a single observation to work with, that single observation is likely not particularly informative. + +# So… WTF to do now? + +First, if you’re trying to figure out a Safe Withdrawal Rate for yourself, **don’t panic**. Much of the research out there is informative. It just needs to be taken with a grain of salt. There is no certainty, there are no perfect rules/answers, and applying a good Withdrawal Rule is a lot more like driving a car (constantly looking around, maybe making adjustments) than it is following a (birthday) cake recipe. + +Second, I highly recommend reading (global) history. A long-time favorite of mine is “[The Pessimist’s Guide to History](https://www.goodreads.com/book/show/133554.The_Pessimist_s_Guide_to_History)” by the Flexners, but there are many great sources. + +Third, if you’re among the crowd of folks doing research on Safe Withdrawal Rates, I would urge you to please take a more global/Bayesian approach to your probabilities/approach and more explicitly acknowledge that the returns of the past century offer few effective observations, and simultaneously suffer from serious survivorship bias (particularly the U.S.). +I am all for investigation into big dirty players, but I’m here to give you some of the down and dirty on deals at GameStop. + +There’s only 9 days left in GameStop’s second quarter. If GME wants to see results for their stock, the best thing people can do is shop! +Don’t have enough money to buy shares? +Well spend some of that cash at the store! +There are some great deals going on now. +GameStop’s DEAL OF THE DAY: +— Mario and Sonic at the Olympic Games $32.99 new +SUMMER SALE +—Save $10 when you spend $75+, save $20 when you spend $150+. —Save 20% when you buy 2 pre-owned games $19.99 or less. +OTHER DEALS: +—There are preorders available for Madden, Mario Party, Halo, and more. +PERSONAL DEEP DIVE/DOUBLE DOWN/DUE DILIGENCE FIND OF THE DAY: $19.99 +—Shower Beer Can Holder and Bluetooth Speaker +—— +I’m not good at formatting, but I like the stock, I like the company. I like the deals and the fast shipping. +TLDR: buy, hold, SHOP +Why do we have the same humans in control of r/bitcoin that are in control of bitcointalk? + +Decentralize IMO. We should not let the same personalities control both of these huge bitcoin media outlets. +My mom and dad both come from generational wealth that pretty much dried up in the last decade or so. I grew up in a modest house and our cars were always used but we were upper middle class. I received my inheritance and bought a restaurant in may, 2008, just before the economy tanked. I lost over $235k in the following two years just trying to keep it open (I signed a bad owner finance contract). I was 23 at the time and became a father of 2 sons in that same time frame and their mother basically left me to raise them on my own when they were babies. I have absolutely struggled since then to provide a stabile home for my boys and I am ashamed at my financial situation. I’m 38 now with no savings, no investments, and no assets besides an old beat up work truck. My credit isn’t terrible and I don’t really have any credit card debt but I’m a giant ball of anxiety pretty much daily when I think about money. +Thank god for my wife who was able to buy a house and put a down payment. I make our mortgage and pay the utilities with the money I make as a contractor but it’s very much feast or famine in this very small midwestern American town. I work 50-60 hrs a week and I set my own rates but there’s just not ever enough money to actually start to save. + Now with the holidays here I know my kids will get lots of great presents from their grandparents and other wealthy family members but I feel like such a failure because yet again I am scraping up pennies to just get some stocking stuffers. My constant stress about money is starting to take a toll on my marriage and I’m beyond ready for a change. +To be completely honest, I’m just terrible with money. I get chunks of money and try to hide it from myself as a sort of “savings stash” but when a big job goes too long or a repair has to be made or a tool breaks, I inevitably end up depleting it to stay afloat. My power has been shut off 3 times this year, cell phone twice, and ran out of propane this summer just because I forgot to pay the bills. +Is there some kind of service or professional I could hire to help me manage money or even just do it all for me and give me an allowance? My wife and I keep finances separate because I seemingly have a curse on me and she won’t help. I am in desperate need of an accountant but I don’t think I can afford one for the level of help I need. I know I need therapy but we don’t have insurance. I want to be better more than anything but it’s like my brain is broken when it comes to money. + +Somebody please point me in the right direction. + +Edit: thank you all for your time and generous advice. I’m grateful for this community and I look forward to implementing some new thinking first thing tomorrow morning. I’ll be seeking a mentor and creating a solid budget tomorrow as I re-read through all of this wonderful advice. Good night. +It's quite irritating that this HODL crap is pushed even in scenarios like this - where a coin is touted as the next best thing and somehow guaranteed to continue increasing in value even though it has already increased by such a large amount in such a short timeframe. + +Such impetus is hard to maintain even for the larger coins and consolidation usually doesn't begin until a significant drop from the run's highs has occurred. As such, it's almost always in your best interests to confirm and bank those profits. + +You owe none of these faceless profiles on sites like these any kind of backwards form of loyalty - most have no incentive to be honest to you and are likely to have taken profits while still pushing the 'HODL' mindset. You're in this for money, ultimately - so, if you're fearful/ wanting to take your money and run, do what makes you feel most comfortable. +Pretty much the title. + +2024 LEAPS have been available for a few weeks now, what would be your top picks if you decided to take any positions? I am eyeing AMD, SOFI and DKNG, but would love to hear anyone else's strong convictions. +Long story short: Grandfather was dying, rough time for our family, aunt approaches my mom asking for help with her finances, mom agrees (unfortunately) to authorize a second user for her Amex credit card, runs up $15k in charges for things like sofa, TV, etc., and now doesn't want to do anything about it. Mom basically had to go there and beg her husband to pay the ~$550/mo minimum balance. But this will ruin her credit for a while and it will take YEARS to pay this off. Mom already tried contacting Amex to explain, but they said she can't shut card down and transfer debt to aunt. What can she do? + +tl;dr Aunt became authorized second user on moms credit card, nearly maxing her credit limit, now wants to pay it down by minimum monthly balances. + +EDIT: also just realized, my mom said she placed a 10k limit on the second card, and my aunt maxed that out then proceeded to call Amex to allocate an additional 5k in credit. How is it okay that she can have the authority to extend her limit, yet bears NO responsibility to incur the debt? + +EDIT 2: Thank you for all the replies. It seems like there's not much that can be done, since this would be a case for small claims court and even then, legal fees and whatnot would add up and make it not even worth pursuing. +* Retired +* Spending from your portfolio +* Have a financial plan that assumes zero bear markets during your lifetime. + +(credits: https://twitter.com/BasonAsset/status/1076237378455363584) + +I have seen a rise of young investors on this sub starting to panic so let that be a good reminder. Things can go worst from here or better. No one knows. Think long term folks. +Hi gang, thanks for the community here. My question is, I sell qqq puts with 30-35 DTE, I set the strike approximately 8.5% below the underlying. What is my delta? +I know RKT was a favorite among theta gangers due its range bound price movement and high IV. I discovered this stock fairly recently and only managed to sell a few CSPs before the insane movement this week. Kinda sad we are losing this to the r/wsb crowd. + +So what is your next move on RKT? Will you continue wheeling it with higher strike prices (selling the $20 put used to be the sweet spot)? + +Any other RKT replacement you are currently eyeing? +I have over 10,000 shares of the underlying and am super bullish on it long term. I was selling weekly calls for .10-.12 cent premiums on a 6.00-7.00 stock. The premiums are set so that it’s a very long shot that these calls will end up in the money. I got greedy, and tried for a .30 center, and it was the same week it spiked. I rolled out, but it kept running, and rolled again, and again- each time collecting extra premium. + +Now though My cc’s are in January but worth 1.35. The underlying would have to double to end in the money, but because im so bullish I think in all that time it could do much more than just that. The delta is .40 now if that helps. + +I was thinking of selling shares to raise funds to buy back all the cc’s- $13,500 worth. Thinking if I go back to the .10 weekly premium for the next 26 weeks, I end up better off and more protected incase this stock starts to really grind higher on that time. Even with the recent spike, the .10 weekly cc’s never finished in the money. + +Is this the best play? Or should I give it some time, hope some time decay happens first before looking to close the cc’s I have now ? +I heard there is very little extrinsic value for deep itm options (and option prices are mostly intrinsic value) + +does that mean deep itm option premium prices are unaffected by earning iv crush? + +in the past, I've seen previous day atm, otm options go -50% right at the start of market open because of earning report iv crush but wasn't sure if it happens for deep itm options as well + +how does deep itm options behave for earning iv crush? (if there isn't any significant change on underlying after earning report) +Hey all just wanted to ask some advice and share my story a bit. (Scroll to bottom for TLDR) + +So when TSLA went onto the market my dad, through some kind of genius/luck, took my $1500 that I had saved up in birthday money/parents had put away for me over the years and bought me shares of TSLA. + +To this day, he has held every single share that he bought for me, and I have also held every share since turning 18 and gaining control over my shares. + +My dad isn’t crazy rich so I have never grew up around this amount of money and it is surreal to know that I have this much under my thumb. + +Now remember, this was within the first months of TSLA being brought to market so I obviously have a VERY low entry point. In addition, the stock split also treated my shares quite nicely as one can tell. + +I have been researching options for a while and was typical WSB degen until I inevitably lost the money I put up. + +I then began researching selling calls/outs and have amassed some knowledge on theta gang strategies. + +However, I am honestly lost at what to do with these shares. Is it worth selling calls/puts? Should I sell some offend start selling cals on other stocks? Basically, I just wanted to ask the community what would they do if they were in my situation? + +TLDR; College sophmore with 200 shares of TSLA asking WWYD if you were in my position and wanted to maximize Theta gang gains? +Been doing some thinking about this. The math makes perfect sense if you made 50% on your short call in less than 50% of the time til expiration, the idea is you BTC. The benefit is you realize the profit and the profit is realized at a higher annualized rate as that 50% profit was realized in a short amount of time. + +But my question is now what? I have 100 shares of the underlying and I am not benefiting from time decay. + +I feel like the options are: + +1. Sell another call further out in time (if reason for profit was theta decay, decrease in vol, small decline in underlying) +2. Wait for the stock to recover (if the reason for the profit was a sharp decline in underlying) + +&#x200B; + +With option 2, I'm torn. I am no longer benefiting from theta decay and I have the underlying waiting to recover, when I could have just kept the CC on and earned a bit less but still more than 0% (BTC and waiting). The benefit of option 2 is if it bounces I can resell the same option again (or another) for more than i closed it out for. + +I feel like either path is acceptable, to each their own, but wanted to know what paths others take and why. +That's a wrap! 2020 is behind us. I joined this sub back as the 'rona was just starting to be a thing, though I've been around for a bit before that. I really like this place - I try to add some value every now and then and it's really cool to see how everyone is learning and getting better together. So here's my 2020 year end summary if anyone finds it useful or interesting. I'd welcome feedback or criticism. + +**Summary** + +Cumulative 2020 return including unrealized gains: 40.4% + +Cumulative 2020 return, only realized gains: 31.8% + +Largest drawdown relative to starting capital: -7.4% + +Worst day: October 15 (-8.5%) + +Best day: September 14 (+9.9%) + +This wasn't my first year trading options, but it was a year where I moved my account to tastyworks and started focusing specifically on premium selling. + +The first half or so of the year was very mixed. I struggled fighting the relentless upward trend. I was overtrading and not able to get a feel for the environment I was trading in, or what the products I was trading were really doing. I could probably have avoided some of that volatility by selling lower deltas. I also succumbed to the "get bored, buy a couple random long calls/puts" trap. August rolled around and I was flat on the year. Then in October I took a hard look at all my trading data from the year thus far. I saw what was working and what wasn't. Here's how that breaks down: + +**Top 3 most profitable**: short puts, short strangles, long calls. I suspect the put vs call bias here is just the nature of the bull market we had after the crash. Short calls were also net winners. + +**Top 3 least profitable**: call credit spreads, long puts, put credit spreads (and call debit spreads, but very few occurrences so it's hard for me to judge that as accurately). All net losers. + +So anyway, I immediately cut way down on vertical spreads, switching to primarily selling naked puts or strangles. I still trade everything depending on what seems right for the situation, and recently have had good success with calendars and ratios. But anyway, made a big change by simply paying attention to the data. So anyway, as we move into 2021 my takeaways and things to work on are: + +1. Never lose money. I need to reduce the volatility of my returns and I think the changes in strategy towards the end of the year helped with that. +2. Trade naked. Puts, calls, strangles, ratios, all of it. +3. Keep the deltas down. Don't short too close to ATM. +4. Don't fear the weeklies. +5. Don't fear buying-to-open. +6. Don't trade just to trade. Trade small and often, but make sure they're not just semi-random "IV is high" credit spreads. Don't fight the trend. + +Good luck to everyone in 2021! +Been doing some thinking about this. The math makes perfect sense if you made 50% on your short call in less than 50% of the time til expiration, the idea is you BTC. The benefit is you realize the profit and the profit is realized at a higher annualized rate as that 50% profit was realized in a short amount of time. + +But my question is now what? I have 100 shares of the underlying and I am not benefiting from time decay. + +I feel like the options are: + +1. Sell another call further out in time (if reason for profit was theta decay, decrease in vol, small decline in underlying) +2. Wait for the stock to recover (if the reason for the profit was a sharp decline in underlying) + +&#x200B; + +With option 2, I'm torn. I am no longer benefiting from theta decay and I have the underlying waiting to recover, when I could have just kept the CC on and earned a bit less but still more than 0% (BTC and waiting). The benefit of option 2 is if it bounces I can resell the same option again (or another) for more than i closed it out for. + +I feel like either path is acceptable, to each their own, but wanted to know what paths others take and why. +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. +pretty new to thetagang + + +I had QS stock at 42(had about 400 shares) , I have been selling 1/19/2024 30$ Puts and using the premium to avg down my shares, currently at 575 shares @ 34 + +I am pretty confident in the stock, and am planning to hold for at the very least 3.5 years +First off, happy holidays everyone! I’m sure as we move into the new year most of us are thinking about some new positions to get into. I’ve never personally owned a Leap and I think I want to take the leap and buy one. I’m thinking apple 100c for jan 2024 for about 8,000 dollars. Is this a safe move after such a large Rally this year? What companies are you folks buying leaps on this year? Would love some opinions! +When selling a CC, should i consider timing when selling. Like selling on an up day? I always sell above my basis so its kind of like bailing out the Titanic with a shot glass. I generally 20-35 day expirations. Open to suggestions. + I have read innumerably that theta kicks severely with less than 30 days to an options expiration. But is there any data to back this conjecture? Is there any math paper you know with evidence of this? Is there a way to graph theta from, say, thinkorswim or Bloomberg Terminal (access to both of which I have)? + +I am attempting to determine the best strike and expiration pair to sell calls in my PMCC. +So this weekend was filled again with the usual weekend FUD, screenshot karma farming, data DD and of course the obligatory mayo Inhaling one ups (kudos to both retards 👍) + +But something very sinister has started to show its ugly head... again! And in one of the most important weeks of our investment into this soon to be digital global powerhouse of a company. + +Please please PLEASE remember one thing during all of this.. + +NOT EVERYONE CAN DRS THEIR SHARES!!!! + +Wether it's because of banking issues, location, broker choice, financial limitations, personal circumstances or otherwise, the small amount of people who WANT to DRS but CAN NOT do so are reading comments along the lines of... + +"Im leaving one share in my broker just to see what happens when they get liquidated and destroyed" + +"Procrastinating apes will learn their lesson soon enough" + +"No shares left, too late to DRS" + +"You had plenty of time and it's easy!" + +"Oh that broker is on the list of fucked brokers for sure!" + +"You have no excuse" + +What happened to APE TOGETHER STRONG? 🙄 + +WHAT HAPPEND TO APE - ALL PEOPLE EQUAL 🤔 + +Do you think that the people who have not DRSd yet like the fact they can't do so? For whatever circumstances they are in? It's not your business why they can't, they just can't do it! + +Back them up too ffs!!!! Support them!!!! Don't fucking clown on them and especially don't divide this whole DRS movement into the haves and have not. + +We are all apes.... each uniquely setup invested into a stock in a multitude of scenarios. Not all the same. + +This recent FUD has been hard to read, disheartening, scary and down right fucking rude. + +Some of you are looking like the pricks on wall street looking down on the same apes who can not invest saying they can't join the fun and they will lose. + +Don't be that APE. That's what they want. + +This is the most anticipated week since the snot dribble of January 21', all eyes on us. + +1 share, 10 shares, 100 shares, 1000 shares, whatever you have, DRS or not,.... + +BACK UP YOUR FUCKING SQUAD! + +Buy if you can, hodl if you can, drs if you can, support if you can and most importantly.... + +APE TOGETHER STRONG!!!!!!!!!! ❤️ + +Edit- spelling +I started with a Suncorp Clear Options Credit Card which I've maxed out and completely repaid twice in the past (while working full time). Last couple of years I traveled and completed university. During my time as a student I maxed out the card again and have been struggling to repay ever since (I now do contract work which is shaky). Did a Credit Transfer to AMEX in order to take advantage of the one year no-interest but ended up incurring MORE debt by continuing to use my Suncorp card. + +AMEX owed: $5,286.67 +Suncorp owed: $2,606.01 +Total debt: $7,892.68 + +Have never expected help from parents, and still don't really know their financial situation but they've just gifted me $5,000.00 for Christmas. Unworthy of this generosity. + +Goal is to completely clear debt and save a safety fund. + +Need your advice. Do I completely pay up the AMEX card and permanently close the account? + +OR, do I pay up the Suncorp card (which is more interest) and put the remainder of the 5k on the AMEX which I'll endevour to pay back within the next few months. + +Any advice appreciated. Horrible with this stuff. +Everyone seems dejected about prices in SYD/MLB. It’s out of control. You will end up paying $1m to live in the dead outer suburban sprawl. + +You will have to work so hard to payback the lifetime debt, you will never have time to enjoy your slice of the urban sprawl. + +You will likely commute hours a day, perhaps days a week in total. + +All for what? A few hours on the weekend sitting in your own backyard.. or again driving another few hours to escape the city? + +——- + +I grew up in a small town on mid north coast of NSW and recently moved back from Melbourne... pandemic decision. + +Paid 650k for 800sqm, 4 bedrooms, 2 baths, double garage. Massive deck overlooking nothing but mountains and forest. + +I’m 5 mins walk from a crystal clear river, 15 mins from a beach which is most mornings just myself and my friends. 10 mins walk from the main drag of a cute (very popular/touristy) town center. + +Here people know you, you do things together... because you have time. + +I work in a co-workspace. So does my partner. We both had jobs that were never remote styles jobs we just worked hard to convince people it works. And it does + +We fly back to Melbourne once a month. The airport is 20 mins away and it’s. 2 hr flight... that’s likely what some of you commute each day. + +—- + +There are ALWAYS other options... + +—- + +Edit: The general sentiment seems to be around social networks, not having a sense of community. I totally understand that. I in many ways already have that here, although I worked VERY hard to rekindle the relationships I had here and make new ones. Hard work done I now have my community. + +it’s naive of me to think it’s so easy to uproot. But I guess that’s the very point I’m trying to make... + +So many people, move so far out into the suburbs and pay $$$ for it. Their friends? They are now 40m, an hour, more? Away. If they are that far away... it’s too far and soon forgotten. Maybe you hangout once every few months... what’s that? That’s not a community. That’s not a life. + +It’s the same thing in those cases ... but worse. +[Most S&P 500 stocks are deep in correction territory](https://www.reddit.com/user/Fatherthinger/comments/9ntd5o/most_sp_500_stocks_are_deep_in_correction/) + +Was It a Dead Cat Bounce on Friday? +My apologies if this has been asked many times before. Is there a definitive book that is the best? Can I get a good working knowledge from YouTube videos? How long does it take to learn? A month? A year? Any info is appreciated. Thanks! +I'm just wondering if anyone knows anyone that took an unusually long amount of time to succeed in trading but now they're actually killing the game with flying colors? How long exactly did it take them? + +This coming January will mark 3 years of my trading and I've yet to become consistent. However I have tried out every single type of trading out there and had to take off 5 months last year from losing a lot of money and going back to work. I am definitely progressing but I am not so much consistent. My ideal goal is to make this consistent so I don't have to work a 9 to 5. But someone else's story can be encouraging. +I've been seeing a few posts and comments on here saying that hedge funds may be trying to set up a fake squeeze in order to get paper hands and weak diamond hands to sell their shares and cover their positions without reaching MOASS levels. + +The only thing is, they can't possibly "fake" a squeeze without going into ridiculous danger zone levels that will bring them to bankruptcy and get them margin called. + +In fact, they already technically ran this play. When was this? January 2021. + +Let me explain; + +We know that in January of 2021, GME began its run up into the hundreds based off a short interest that was confirmed to be way over 100%. However, in the blink of an eye, the stock crashed back down below $100 through some absolutely shady practices; + +1. [We know through interviews with RobinHood's CEO, Vlad Tenev, that the NSCC was bribing other brokers like RobinHood to halt buying of GME for lowered or waived margin requirements.](https://www.youtube.com/watch?v=JpOgkO4qZTk) Those that did complied, and many did; stopping the buying momentum from making GME squeeze above $1000 (likely even higher). +2. [After these events, GME's "confirmed short interest" plummeted at the exact same time suspicious OTM puts in value equivalent to the shorted shares began showing up](https://www.reddit.com/r/Superstonk/comments/otn94a/can_anyone_explain_the_over_one_million_put/); proving that the shorts didn't truly closed their positions but just hid them in a way the SEC has publicly known about since 2013. +3. Then there was news everywhere that shorts had closed and that the GameStop squeeze of January was a once-in-a-million event that will never happen again... except it did twice afterwards off less and less volume each time only to be forced down once again by blatant manipulation (but the MSN doesn't like to talk about that...) + +**In other words, the "fake squeeze" play has already happened, and it very clearly didn't work or else we wouldn't be where we are right now.** + +**And while many discussions about a "fake squeeze" play portray the hedge funds being in complete control and being successful at getting people to paper-hand at "$#K" (or get people to believe that that's the peak after seeing the same # of shares from Yahoo! data be traded), we've already seen numerous times how they lose all control once the price gets above $300 and get completely desperate to the point where they have to clearly rig the system against us even further.** + +So no, a fake squeeze play won't happen for GameStop because it won't work. Once the price goes above $1K, the only thing that could stop the MOASS at that point is direct government intervention to shut down the squeeze. But if that happens, every investor in the world and a lot of long whales on Wall Street are going to be mega-pissed... + +**TL;DR: A "fake squeeze" at a price in the thousands don't work because we've already seen three times how desperate shorters are to stop GME from rising higher once it goes above $300. They will neither have the resources or the power to control GME above $1K, and the only thing stopping the MOASS after that will be the government doing something incredibly stupid.** +Average lifespan difference for median aged men from lowest earning households and highest earning is 15 years. + +https://news.harvard.edu/gazette/story/2016/04/for-life-expectancy-money-matters/ + +But sorry, many of us apes that remember the 2008 crash have already been poor too long for getting rich now to matter. + +We’ve worked our lives away, been eaten up by stress, loss, bad habits that are developed to cope with that stress and loss. + +That’s why you can’t count on your new millions to save you, to add years to your life. + +YOU NEED TO START MAKING BETTER CHOICES NOW!!! + +If you are an addict when you’re poor, don’t think wealth will help that problem. Most addicts only have one limiting factor to their addiction: 💰💰💰💰💰 + +That’s about to go away, and because you have been a poor for so long, and you have learned to cope with that burden by having a drink, or a smoke, or a snort, or four burgers it won’t magically go away. + +If you have mental issues with depression and anxiety, the thought of not knowing who your true friends are, not believing you deserve this, not knowing what to do next will be magnified. + +If you have a gambling addiction, you will now have the resources to lose all your money at the big boy table. + +There is still another enemy we need to defeat. OURSELVES. + +Strat thinking about a new beautiful life, and how long you want to live it, and ask yourself what the things are that you do now that will shorten it. + +And get to work. + +Start the process now, you may not have time to finish it before lift off, but you will have a path, and eventually the resources to throw at it. If you don’t, you will die early just like you were meant to. + +I have experience dealing with family members who are addicts. I am not a professional by any means, just someone who has seen it tear people apart too many times. Feel free to reach out if you need support, a pat on the back, or a push in the right direction. + +We fought hard for this, we deserve to fucking enjoy until we are 100. + +Stay strong and healthy apes, we have a lot of work to do. + +TO THE MOON!!!!!!!!!!! +💎🙌🏻💎🙌🏻💎🙌🏻💎🙌🏻💎🙌🏻💎🙌🏻💎🙌🏻 +🦍💪🏻🤝 +Recently, I was reading about the Hindenburg Research report that alleged black market activity and other shady activity at DraftKings. What I found fascinating about this is that Hindenburg Research investigated a company, found incriminating information, made a short position, and then revealed this information to the public. Their information gathering process seemed very similar to the ones used by regular news outlets to discover shady business practices, interviewing former employees and examining hard-to-find information. Furthermore, as far as I could tell, this appeared to be totally legal. + +My question is, why don’t news companies do the same thing as Hindenburg when they discover similarly damaging information about a public company? I’m aware that individual employees are likely prevented from doing this by their contract, but what stops the overall company from shorting these companies? Is it just journalistic integrity, or are there laws that would apply to news companies and not to ones like Hindenburg? +The Fed will likely refrain from a 100-basis-point rate hike this week to avoid unnerving already anxious markets, CFRA says + +The Federal Reserve is set to raise interest rates on Wednesday, but it's unlikely to hike them by 100 basis points, CFRA said Monday. + +Such a massive hike would "unnerve Wall Street" as it would imply policymakers are overreacting to the August inflation report. + +Investors are pricing in a 20% probability of a rate move of 1 percentage point. + +The Federal Reserve is expected to raise its key interest rate this week, but it's unlikely to hike by 100 basis points, a massive move that would rattle investors already anxious after the August inflation report, CFRA Research said Monday. + +"We think a 100 bps hike would unnerve Wall Street, as it would imply that the Federal Open Market Committee is overreacting to the data rather than sticking to its game plan," Sam Stovall, chief investment strategist at CFRA, said in a research note. + +It "would increase the likelihood that the FOMC will eventually overtighten and lessen the possibility of achieving a soft landing," he said. + +The Fed led by Chair Jerome Powell is expected on Wednesday to deliver its fifth rate increase of 2022. Investors widely expect a third consecutive increase of 75 basis points to bring the fed funds rate to a range of 3% to 3.25%. But investors also see a 20% probability the Fed would vote for an increase of 100 basis points, or 1 percentage point, according to the CME FedWatch tool. + +Full article: [https://markets.businessinsider.com/news/stocks/federal-reserve-rate-hike-100-basis-points-outlook-markets-powell-2022-9](https://markets.businessinsider.com/news/stocks/federal-reserve-rate-hike-100-basis-points-outlook-markets-powell-2022-9) + +CFRA research says it's likely that the Fed won't raise interest rates by 100 basis points this week to avoid unnerving already anxious markets. How much do you think the Fed rate hike will be on the FOMC meeting this Wednesday? +I’m not sure if this is the right place for this question. If someone could direct me to the right place I’d appreciate it! + +So pretty much I work at a small landscaping company in South Carolina with 7 employees including the owner. I had just got back from a 2 week vacation and this morning the owner told me that I would need to take a pay cut or I wouldn’t have a job anymore. He said the reason for it is that I’ve been underperforming lately. Which is probably somewhat true, but when I’m forced to work 60-70 hours a week what do you expect? We have also gone from 12 employees before the pandemic to 7 now so I think that may be part of it considering I was the top paid person at the company + +I asked him if I would get paid my vacation time for the past 2 weeks and he said he wasn’t going to do that even though I get 3 weeks per year and haven’t used any of it so far. + +So I guess my question is that can he legally not pay out my vacation time for the past 2 weeks? I didn’t specifically tell him that I wanted to use my vacation time before I left but since we are close to the end of the year I figured it was pretty obvious that I would use it +$100,000 bounty winner + +Posted by Olivier Janssens. Twitter: @olivierjanss https://twitter.com/olivierjanss + +Hi Everyone, + +This thread is to announce the winner of the contest http://www.reddit.com/r/Bitcoin/comments/25sf4f/100000_bounty_for_software_platform_that_can/ + +First of all I want to thank everyone for their submissions, ideas and positive feedback. There were a lot of great candidates, and it was very difficult to make a choice. I am now confident though that I have selected the best possible winner. I have also selected a runner up because these guys deserve to get a prize for what they accomplished. + +Before I go into the details of who won, I want you to know the rationale behind my choice. The initial question was: What is the best platform to replace the Bitcoin Foundation? To start off, we have to ask ourselves: why do we need a Bitcoin Foundation in the first place? In other words, which purpose does the Bitcoin Foundation serve? According to their website, it is ‘Keeping Bitcoin rooted in its core principles: non-political economy, openness and independence’. I guess those 3 things somehow failed to apply to the Bitcoin Foundation itself, as they want to be the main representatives of Bitcoin, and as a result also on Bitcoin. + +Further analysing the Foundation, the main thing they are doing right now is funding some of the core Bitcoin developers. And I might add, they are not doing a very good job at that. Since people expect the Bitcoin Foundation to take that role, there is no real initiative to fund the developers directly. As a result, the developers are underfunded, because the Bitcoin Foundation does not have that much money (it got lucky with the price of Bitcoin rising and it’s memberships fees being paid in Bitcoin since it’s inception). They have admitted this buffer won’t last and is going to be a serious issue in the future. We also don’t know how much they are paying the developers and how much money they have left, since their transparency is pretty much non-existent. The funding could stop at any time and endanger Bitcoin even more. There have been highly concerning reports about the core devs being chronically underfunded, and as a result, Bitcoin development is grinding to a halt. As such, and to guarantee the (political) independence of the developers, the community should start funding the developers directly, ASAP. + +Next to that, the Bitcoin Foundation has been doing some lobbying with Washington. Again we are lacking serious transparency here. It would be much better if we as a community can select our lobbyists directly and actually know what they are doing. Good lobbyists can come forward with a proposal and set their goals. We can then decide directly to fund them or not. Which is pretty much what is happening all over the world without the Bitcoin Foundation. People are coming out of the trenches and have their own lobbyists involved with their local governments. The same thing applies to organising conferences. Do we really need a Bitcoin Foundation to organise the one big conference? No, as has been proven many times over . There are many big conferences that are a huge success, and none of them are organised by the Bitcoin Foundation. We can do this ourselves. + +Now, the question remains, what is the best way to organise all of this? Do we need a platform that simulates the Bitcoin Foundation, but with a better voting mechanism? A sort of "direct democracy"? After careful consideration, the answer is no. Such a "direct democracy" will still have the overhead of politics, getting people elected, etc. Bitcoin is apolitical. I know it takes time to get out of this mindset, but Bitcoin truly liberates the world beyond politics. We should not attempt to recreate unnecessary overhead or middlemen. Let’s have Bitcoin set us free. And for this very reason I have selected Lighthouse from Mike Hearn as the winner. + +Winner: Lighthouse (Mike Hearn) + +- Crowdfunding platform, running completely on the Blockchain. Assurance contracts which send money back automatically if goals are not met. + +- Will be able to fund Bitcoin core devs directly. They propose their schedule and goals, and they can set extra bonus features when they get extra funds (such as with Kickstarter). +- Will allow lobbyists to make proposals and be directly funded by the community, according to their capabilities +- Will allow many other community initiatives, such as supporting adoption in Africa by sponsoring ATMs, etc + +The sky is really the limit. And it will not create any political overhead, we can select the projects we want to support directly. + +Also, Mike Hearn wants to get developers directly funded through the platform. Having a core dev behind this platform is a big boon to getting this off the ground. + +Mike has agreed to release the platform as open source before the end of August. He will be awarded $40,000 on completion. After the platform is live, I will put an additional $50,000 towards the first core dev crowdfunding project that gets made on it. This should help them become independent the moment it gets released, and hopefully will start streamlining Bitcoin core development again. + +http://www.coindesk.com/new-decentralized-crowdfunding-platform-reshape-bitcoin-landscape/ + +Edit: More info and screenshots at Mike's blog http://blog.vinumeris.com/2014/07/02/vinumeris-and-olivier-janssens-team-up/ + +--- + +Runner up: Eris by Project Douglas (Casey Kuhlman, Dennis McKinnon and Preston Byrne) + +- DAO system running on Ethereum, allows for many applications running completely decentralised without servers. + +- Will allow for community-ran organisations / applications with direct shareholder voting +- Can replace any existing organisation with a virtual one +- Has amazing possibilities for being able to replace existing institutions, including companies and governments + +These guys have done a tremendous job at creating a software platform which is extendable into many many things. It allows for the creating of a decentralised ‘anything’. The implications of this are tremendous, and as such I wanted to award them a part of the bounty also. They will get $10,000 for this amazing effort. + +https://eris.projectdouglas.org/ +I graduated June 2020, with about $26k in total student loans all of which are federal subsidized loans, interest on the assortment of loans is relatively low. + +I am grateful and was fortunate enough to have found a job in October, 2020. + + +Since then, I exceeded in my goal of having $35k saved up by November 2021. + +I have been able to save $50k within this time period & contributed roughly $6k to 401k. + + +Is there any benefit of paying off my loans in full? Or should I focus more on building my savings, and make the necessary minimum payments since the interest isn’t extremely high. +>There are two exceptions: first, federal tax liens imposed by the IRS; second, judgments against individuals who had administered an employer-sponsored plan for embezzlement of the plan or a fiduciary breach against it. + +[How to Protect 401\(k\)s and IRAs From Creditors](http://www.wsj.com/articles/SB124181801239401917) +>There are two exceptions: first, federal tax liens imposed by the IRS; second, judgments against individuals who had administered an employer-sponsored plan for embezzlement of the plan or a fiduciary breach against it. + +[How to Protect 401\(k\)s and IRAs From Creditors](http://www.wsj.com/articles/SB124181801239401917) +A mutual fund is essentially just a basket of individual stocks/bonds/whatever. Within that basket the fund managers are constantly selling/buying and receiving dividends. The IRS has special rules for mutual funds which allow them to not pay taxes on the capital gains/dividends generated provided they pass through almost all of the proceeds from said activities to the shareholder within the calendar year. So dividends are often paid on some set schedule but capital gains are generally retained within the fund till the end of the year(because losses can reduce gains but can't be distributed to a shareholder). + +So on to why your fund dropped: in mid December everyone starts distributing these gains and as we know when a fund makes a distribution its NAV drops by an equal amount. For example a fund that was trading at $10 and had It's value made up of $9 worth of stock and $1 worth of cash to be distributed now no longer has that $1. So it'll drop by 10% because of that fact. Don't worry, you didn't lose any money because the $1 was paid to you in cash(and in most cases reinvested in the form of buying more shares). + +There isn't any value created or lost in a distribution(except to taxes) it's just a necessary taxable transaction that must occur because of how mutual funds are structured. ETFs are technically subject to this as well but since most follow passive cap weighted strategies or use the creation/redemption to wash out appreciated shares so they don't usually have capital gains realized to distribute. + +Also please feel free to add whatever questions/comments you have to this sticky. + +Here's a quick way to see what capital gains estimates/distribution dates are for most funds:[https://mutualfundobserver.com/discuss/discussion/56970/2020-capital-gains-estimates](https://mutualfundobserver.com/discuss/discussion/56970/2020-capital-gains-estimates)Ctrl + f your fund family. Chances are it's on one of these two pages. If not, google search "\_\_\_\_\_\_ funds capital gains distributions 2020" + +Please note we'll be deleting any threads on the subject and pointing people here in order to keep the clutter down. +Am pretty new to forex (been in stocks/crypto before) but just been trading on a demo account for now and has been going decent. Don’t be too hard on me but honestly didn’t know certain news affected the market as much as it does until a bit ago… i’ve been checking out forex factory calendar lately , and have just been wondering how do i know what news will affect the market? Like for example there was PPI news today, like how do i know if it makes USD bullish/bearish? Sorry if this is a dumb question +So I know that's how the big dogs do it, AI's making thousands of transactions a second to make them millions of dollars a minute, but it got me thinking. + +Are there any snaller, less powerful AI's we can run on our home computers, or on repurposed gaming hardware that could make a few dozen transactions a minute to the same effect? + +I did consider coin mining as a form of passive income, but the fact there's a new coin coming out any minute, it seems like a false economy where I could spend a substantial sum mining a lot of valueless coins. + +Ideally my end goal is to get my arse out of the drivers seat of a truck and at home, with my wife, where I can spend quality family time and actually enjoy life. + +The only thing I'm thinking that may be an issue is any legislative issues regarding this all, the ATO may take issue with how its all done, and I'm thinking it can't be this easy or everyone would do it right? +1. Check The Economic Calendar And Don't Trade Any Pairs That Have High Impact News Coming Up. + +2. Buy After A Bounce From A Support Level That Was Previously A Resistance Level In An Uptrend. + +3. Sell After A Bounce From A Resistance Level That Was Previously A Support Level In A Downtrend. + +5. Buy At The First Bullish Candle From A Support Level In An Uptrend. + +6. Sell At The First Bearish Candle From A Resistance Level In A Downtrend. + +7. Open Two Positions, Both With A Stop Loss And Only One With A Take Profit. + +8. Set A Pending Order With A Stop Loss And No Take Profit At 50% of the Entry Candle To Get In At A Better Price. + +9. Risk 0.33% Per Position (For Both Initial Positions And The Pending Order). + +10. Set The Stop Loss At The Most Recent Low In An Uptrend. + +11. Set The Stop Loss At The Most Recent High In A Downtrend. + +12. Set The Take Profit At A 1:1 Risk To Reward Ratio. + +13. After The Take Profit Is Hit, Move The Stop Loss Of The Other Trades To The Entry Point. + +14. Trail The Stop Loss Of The Other Two Trades At The Most Recent Higher Low After Price Has Broken The Most Recent Higher High In An Uptrend. + +15. Trail The Stop Loss Of The Other Two Trades At The Most Recent Lower High After Price Has Broken The Most Recent Lower Low In A Downtrend. + +Uptrend: Price Is Making Higher Highs And Higher Lows. + +Downtrend: Price Is Making Lower Highs And Lower Lows. + +Uptrend Reversal: Price Breaks A Previous Higher Low. + +Downtrend Reversal: Price Breaks A Previous Lower High. + +Example Of An Entry In An Uptrend: [https://www.tradingview.com/x/t11DuITl/](https://www.tradingview.com/x/t11DuITl/) + +Example Of An Entry In A Downtrend: [https://www.tradingview.com/x/qml859BV/](https://www.tradingview.com/x/qml859BV/) + +Example Of Trailing A Stop In An Uptrend: [https://www.tradingview.com/x/97n7RilR/](https://www.tradingview.com/x/97n7RilR/) + +Example Of Trailing A Stop In A Downtrend: [https://www.tradingview.com/x/rjuwUQII/](https://www.tradingview.com/x/rjuwUQII/) + +Example Of An Uptrend Reversal: [https://www.tradingview.com/x/kSwPhEnr/](https://www.tradingview.com/x/kSwPhEnr/) + +Example Of A Downtrend Reversal: [https://www.tradingview.com/x/KVeCBYJz/](https://www.tradingview.com/x/KVeCBYJz/) + +&#x200B; + +Should I include anything else? I want to be as clear as possible so I can prevent any emotions. +Hey! + +I will say I’m about a month or two of trading on my own. Today I was able to catch 110pips and was pretty happy with this. Is there a goal I could go for? Is it good to go for a goal for the week/ month? Thanks! +What do you guys do outside of your trading hours or outside of market hours to improve as a trader? + +I backtest every day and have a backtesting journal which goes back for months of data with different pairs that I trade. + +Obviously the best way to improve is to gain market experience and just practice your strategy which is what I do, but outside of my trading hours what can I be doing apart from backtesting to improve as a trader? +Okay so, ive been trading SMC with a big LiT bias for the better part of a year, i passed funded, scaled it also, but now i cant seem to get a profitable trade in, i use good risk management, have a good trading plan, i trade intraday and do take partials and move to BE after a break of structure. +Ive had losing streaks before, but never this bad, +Im down about 8%, and cant seem to get a nice trade going. +I do think my psychology is good, i dont revenge trade, i dont get emotional about losses or wins, but today i really got frustrated about the fact. +Any tips to be consistently profitable? +What do you guys do outside of your trading hours or outside of market hours to improve as a trader? + +I backtest every day and have a backtesting journal which goes back for months of data with different pairs that I trade. + +Obviously the best way to improve is to gain market experience and just practice your strategy which is what I do, but outside of my trading hours what can I be doing apart from backtesting to improve as a trader? +Kinda like how Ichimoku is an "all in one" just wondering if anyone knows any others, that actually work, preferably on the daily chart. Thanks in advance! +I put together a full due diligence report on Disney company that describes how/where they generate revenues and what to look for in upcoming events. + +This report was done back in November/December, so I will update the info with a new report in several months from now. If you want to read the full report you can find it on my website that I have linked to in several posts on my profile. My goal is to start releasing 1 due diligence report per month with the intention to inform rather than persuade someone to buy or sell the stock. It will be an aggregate source of news, revenues data, upcoming events all that might drive a stock price up or down. You can also request "Due Diligence" on the site by entering the ticker you would like to see some research on. + +&#x200B; + +Here's the summary for Disney. Keep in mind this was back in November/December before Disney displayed strength in their subscriptions. Feel free to post comments here. + +# Summary + +It is our opinion that Disney entering the DTC market was the right move for the following reasons. They have invested huge amounts into the tech platform (BAMTech) to enable this kind of service. They have one of the strongest brand names in media and entertainment as well that they are the leading content provider on the planet. Their studio productions will be able to serve two fold as blockbuster hits and then down the road adding to their streaming service. It only makes sense for them to dominate the growing DTC media/entertainment market. + +However, the DTC market is becoming saturated with strong competitors including: Amazon Prime Video, Roku, Netflix, and now the entrants of Disney+ and the recently announced AppleTV+. We see this competition as a double-edged sword in the sense that there is the potential to grab revenues and market-share with the willingness of big companies to take some of the pie (powerful companies want to enter this market because it makes sense to), but also that more elite entrants into this already cut-throat industry is no easy task. What will separate one company from the rest will be their ability to provide quality content, which Disney has positioned themselves to do. + +It is possible Disney will be sensitive to outside economic pressures that might affect their cash flow. Revenues from the Media Networks segment (and largest portion of revenues) of their business has been on the decline over recent years, but has been off-set by higher revenues from Parks and Resorts and Studio Entertainment. Should any of their other segments come short of providing support, their cash flow will take a hit. + +The introduction of Disney+ will barely make a dent in their net revenues over the next 4-5 years. Potential growth and valuation will be highly dependent on subscriber count, but with Disney’s current state of the brand and franchises they have put themselves in a great position to compete with their largest competitor, Netflix. With quality content coming from each of their studios (Marvel, Pixar, StarWars, and National Geographic, to name a few) they will have a strong line-up going into this launch. + +**Final Thoughts** + +Disney is entering a highly competitive market, but we believe they have the right tools to succeed. + +**1.** They’'ve already successfully tested out the tech to launch DTC services (BAMTech - 4.9B in expenditures by FY 2020).**2.** Their already successful content outlets will provide a great value to their service.**3.** Competition, such as Netflix and AppleTV+, will be spending billions on content without a proven track-record. This is a risk for them and not so much for Disney since Disney already has a great pipeline of many quality IP.**4.** In terms of pricing, we see many similarities between all DTC content providers and the key factor that will separate one company from the other will be in content, which we believe Disney will provide and excel at.**5.** Disney’s stock price has already jumped over 30% from the initial announcement of Disney+, but we think this new range will serve as a benchmark and good support.**6.** Disney isn’t expected to report blowout subscriber count on the launch of their service, but we foresee they have the possibility to do so. + +**Positive Outlook Model:**\*Current revenue segments continue to grow at 18% Y.O.Y (quality studio releases, leveraging of brands to park themes, etc).\*Disney reports fantastic initial subscriber count for Disney+.\*Disney reports ESPN+ growing in-line with expectations. + +**Neutral Outlook Model:**\*Current revenue segments continue to grow at 18% Y.O.Y.\*Disney reports mediocre numbers for initial subscriber count to Disney+ (as they are expected and will be viewed as a neutral event). + +**Negative Outlook Model:**\*Market is affected by recession, Disney sensitivity to economic pressures.\*Growth slowing at media networks.\*Growth slowing at parks and resorts.\*Very low numbers for initial subscriber count to Disney+. +Disclaimer: I'm not a financial advisor nor is this financial advice, make your own decisions. Data from PLTR's latest 10-K & 10-Q. + +Position: long shares of stock @ $24.67 and have over doubled my position since Mar-21 + +TL;DR – still bullish on PLTR and buying shares on down days. Financials improving each quarter. Waiting for the breakout. + +My analysis primarily focuses on the financials of PLTR AFTER stripping out the Stock Based Compensation (SBC). For more background on this check my last post about it, but basically, I don’t believe the market should be putting so much weight on this when analyzing the financial health of the company: . Also, the fact that PLTR is allowed to present financial data in their 10-K & 10-Q filings after stripping out SBC shows that this is how the company should be analyzed. See previous post for more info on that: [https://www.reddit.com/r/StockMarket/comments/lygxog/why\_pltr\_is\_still\_a\_growth\_tech\_stock\_you\_still/](https://www.reddit.com/r/StockMarket/comments/lygxog/why_pltr_is_still_a_growth_tech_stock_you_still/) + +Actuals = true GAAP results + +Adjusted = financials after stripping out SBC + +Anyways, here are the numbers and keep in mind that Q3-20 experienced abnormally high costs from when PLTR went public: + +[Actual amounts including SBC \(Stock Based Compensation\)](https://preview.redd.it/f89bxnxotxk71.png?width=684&format=png&auto=webp&s=18c71e76d43e71627113286e8047fb92695908c8) + +[Actual QoQ change](https://preview.redd.it/og81btk2uxk71.png?width=855&format=png&auto=webp&s=9e80a99f59b4d9c9848fc5d2dbfdf3e5915b82a6) + +[Actual QoQ change](https://preview.redd.it/zqom7kk3uxk71.png?width=624&format=png&auto=webp&s=5f5d37f2ac900472b609c9942d3794d34362acd1) + +Revenue, COGS, Gross profit are all improving minus Q3-20 when the company experienced a significant amount of non-recurring costs due to its IPO. Revenue growth is still strong QoQ at 10.1% and 49% since Q2-20. + +EBITDA is looking quite strong as this is now the 6th straight quarter of positive EBITDA. Additionally, EBITDA as a % of Revenue continues to grow which shows the company’ ability to grow profitability as they scale. + +[Actual Quarterly EBITDA](https://preview.redd.it/vcnaodw7uxk71.png?width=678&format=png&auto=webp&s=a9c8a930914bf29e94fb2b50b30fd75c752cee62) + +[Actual Quarterly EBITDA](https://preview.redd.it/asymtbh9uxk71.png?width=668&format=png&auto=webp&s=1d47e4537f90ad3939069e1aff360228d62c8339) + +On an adjusted basis, Revenue and Gross Profit continues to expand while SG&A costs have remained constant: + +[Adjusted amounts](https://preview.redd.it/8sqbzt4cuxk71.png?width=475&format=png&auto=webp&s=abcddd88b75ca0201593b075c5c12cd5b5fd22ee) + +[Adjusted amounts](https://preview.redd.it/j7mlqk4euxk71.png?width=507&format=png&auto=webp&s=b84796043a6b06c37bb2fe2753d99a9ca2ce97fe) + +To expand upon the adjusted costs of the company, PLTR is proving it is on the right track toward sustained profitability as their operating costs have remained constant while simultaneously expanding revenue and gross profit. This also means that the company is continuing to prove profitability as the costs as a % of revenue are trending lower and lower each period: + +[Adjusted amounts](https://preview.redd.it/aifydkoguxk71.png?width=573&format=png&auto=webp&s=c70f95b7c4c2799ca9b1018a78ebd67f5390e410) + +[Adjusted amounts](https://preview.redd.it/0wxbcsuiuxk71.png?width=602&format=png&auto=webp&s=a83b428f2913b788b08d5e33e429cf0274e45fbe) + +Lastly, EPS on an adjusted basis has been positive for the past 3 quarters: + +https://preview.redd.it/co4bp5imuxk71.png?width=624&format=png&auto=webp&s=3ae4ef1577f3f83c38c76935e3b094fd1a4a2f18 + +Quick Balance Sheet Look: + +https://preview.redd.it/plzqpizsuxk71.png?width=394&format=png&auto=webp&s=c7d8b4134ebcbbfec54c9933d7f68bf4fe345203 + +This was the first Quarter that PLTR has reported $0 debt and have $2.3B in cash – quite impressive for a growth stock. Additionally, their current ratio and d/e ratios show no signs of liquidity/solvency issues (as expected). + +In Summary: These posts don't generally focus on the qualitatives, but I have read almost nearly only great news about this company in the past 6 months yet the stock continues to get beaten down. The stock appears to be mainly being hurt due to 1) inflation fears, 2) differing opinions on valuation, and 3) stock based compensation criticism. However, none of these factors have an impact on the CORE operations of PLTR which I believe to be are extremely strong and all trending on the correct path. If long term investors can stay strong and continue to buy into this weakness, I think they will be happy they did so in 2-5 years’ time. I will be curious to see if PLTR can break out of the 27.50 resistance or if it will fail that level and retest the low 20s again. + +&#x200B; + +https://preview.redd.it/1nw6o927xxk71.png?width=1544&format=png&auto=webp&s=f121f09eb1635770b858760c3a8435fd3fc2a81b +**Disclaimer:** This only really applies to those of you that have done their best to invest the majority of their money into "safer" crypto projects. If you're freaking out because you YOLO'd your savings into Dogelonmars42069, then yeah, you might have to learn a few hard lessons. + +For the rest of you who have done their best to invest in more time proven projects like BTC/ETH its time to buckle up relax and wait for this all to blow over. Freaking out and panic selling to save a fraction of your investment wont help your future self. + +Nobody knows anything. This might be a blip or a bear market. The best way to last in this space is to take a breather, zoom out, and realize eventually everything is gonna be alright. Success does not happen overnight. + +**If you're freaking out now because you made some bad investments or over-extended yourself use this time as a learning opportunity.** + +I am not a crypto wizard. I made every mistake a newbie could make. Back in 2017-18 you could buy crypto with credit cards lol. But what I hope I'm conveying is that if you hold onto your coins you'll most likely come out ahead eventually. In 2018 was so depressed and mad at myself I just uninstalled my apps and didnt look at my crypto until 2020. But then it got better and most of the projects I invested in back then started doing well again. If I had sold and not weathered the dip I would've been even more angry at myself. + +Remember to take time for yourself. Stop staring at reddit and charts all day. Please talk to someone if you're thinking about self-harm. It gets better yall. =) +My partner is Welsh and went to a a Welsh university so she generally didn't have any student loans. She transferred to the OU for a year part-time when she moved to England and had a loan for her tuition fees for that one year (as it was part-time this was approx £2k total.) + +She was having deductions taken from her earnings when working. She's now unemployment but has been getting messages from SFE asking her to update her employment details. + +We decided as the debt should be <£2k that we'd just pay it off. Logged onto the student finance portal and it says she owes >£18k! + +We've no idea where this figure as come from. As I said, her total student loan was £2k and she'd paid some of that through PAYE when she was working. I've looked through the correspondence pdfs on the SFE site and all other payments are from the Welsh side and are referred to as 'grants' - the only loan is ~£2k for the one part-time year with the OU. + +I'm assuming some kind of massive mess on their end - but they're not open on weekends and predictably this has caused a lot of panic on my partner's side as her debt was meant to be paid off today and now is >£18k. + +Has anyone had experience/heard of such a major discrepancy from Student Finance? Is it possible to get this sorted out? + +Edit for clarification: We are not new grads. She was at Uni from 2011 and qualified for tuition fee grants which are no longer a thing but we're at the time - all her finances in Wales were grants not loans. +I'm young, I'll turn 22 soon, and I won't have an income until May of next year (but I will make 73k USD annually thereafter). + +I've spoken with seven adults about FIRE, all of them nearing the traditional "retirement age" of 59 or so. Naturally, at this age they are all well-versed in the retirement literature, and all of them have expressed great doubts about my plans to retire in my late 30's. + +The reactions I've received range from ridiculing me to gently explaining why their own efforts to retire early failed. My parents are worried I've been duped by some Mister Mustache something-or-other. But then, it's true that they have never met someone who retired in their 30's. + +Frankly, I don't know a lot about finance except what I've read from A Random Walk Down Wall Street, A Simple Path to Wealth, MMM, The Mad FIentist, & this forum, so when my parents start using finance terms I don't understand, it worries me that they may be right (my mother is a failed stockbroker, God bless her). + +Have you guys had similar experiences or am I surrounded by particularly doubtful people? How do you respond to these people? +I've been working in tech for a couple decades, and stumbled upon a few shortcuts to become fairly wealthy without bothering to go to school. Here's ten steps to do it: + +**10) Relocate** + +I know this is a bitter pill to swallow, but you'll probably need to relocate. Tech jobs are highly concentrated in certain cities. Here's an example of what I mean: I just ran a search for "linux" jobs in the following cities. Here's a list of how many jobs there were: + +Bay Area - 150 + +Kansas City - 15 + +Austin TX - 50 + +Las Vegas NV - 27 + +Seattle WA - 85 + +Houston TX - 23 + +Denver CO - 23 + +Salt Lake City UT - 0 + +You can see that there's a dramatic disparity between population and tech jobs. The population of Houston is three times higher than the population of San Francisco, but there are more than six times as many of these jobs in the Bay Area. But keep in mind that the NUMBER of jobs isn't the only factor; also consider the cost of living and the salaries. I am personally a big fan of the Seattle area; the cost of living is a fraction of the Bay Area, and salaries are quite close. The icing on the cake is that there are no state taxes; in San Francisco you can easily spend $1000 every single month on state taxes. In Seattle you can put that money straight into your investment account. And I did. + +**9) It's Not As Difficult as You Think.** +I don't think people outside of this field can comprehend how high the demand is. The number one thing that I hear from people that I talk to is that they think they aren't qualified. **One of the best techies I ever met came to work with me after working at KFC.** Yes, he went from Kentucky Fried Chicken to a nicely paying gig doing UNIX work. For instance, Microsoft employs over a HUNDRED AND TWENTY THOUSAND PEOPLE. In 2015 there were 237,826 people who graduated with an engineering degree in the USA. That's an average of 4,756 engineers per state. Do the math and you'll realize that **there's a dramatically higher demand for engineers than engineering graduates.** That's why it's so easy to become a techie with literally no education whatsoever. The demand outstrips the supply by easily ten to one. Microsoft alone hires thousands of people every year, and there just one of a hundred tech employers in a single city. You can't comprehend how many jobs there are. + +**8) Job Descriptions are a Joke** + +I helped my brother get into this field. One of the things he was freaked out about was that job descriptions for tech jobs tend to include a laundry list of things that they want you to do. **Ignore that nonsense.** There's a zillion jobs and hundreds of people to do them, employers don't have the luxury of being picky. I can't even count the number of times I've taken a job where I knew literally nothing about what they wanted me to do, but I figured I could figure it out. This field is changing constantly, all of us depend on Google to get our job done. This isn't rocket science. If you're able to follow instructions on a Youtube video, you can figure out how to do just about anything. It was a running joke that job descriptions demanded "Java" for at least a decade. (I've met hundreds of people in this field; I can count on one hand the people that knew Java inside and out.) + +**7) What's the Worst That Happens?** + +Let's say that you work at Kentucky Fried Chicken, and your top skill is making delicious chicken tendies. You score an interview at some tech job, and manage to fumble your way into a job, even though you don't have a clue. **What's the worst that happens?** Seriously, if you fuck it up, they're not going to behead you. If you're an utter dunce they might lay you off after six months. But I guarantee you, they'll give you a few months to get up-to-speed. That's just the norm in this industry. Don't be a pussy, you can do this. + +**6) ENGLISH, DO YOU SPEAK IT?** +In the USA there were 237,826 people who graduated with an engineering degree in 2015, and there were 233,000 people who applied for H1-B visas. Do the math and you'll notice that there are arguably more people becoming techies from overseas than from the United States itself. In my office, **English is a second language for most of my coworkers.** I can't stress this more highly: if you speak English fluently, you're tremendously valuable in an office where most don't. + +**5) Use That Degree in Underwater Basketweaving** + +Personally, I dropped out of college. The demand for my skills was so high, I got greedy and took a job before finishing college. But if you have a degree in Underwater Basketweaving and you haven't found a job, consider the tech sector. There are a decent amount of employers who require a job, and your degree will get you the gig before me. It's kind of a running joke in tech, when you run into coworkers who have degrees in everything from music to theater to psychology. (For some reason, music majors seem to kick ass at programming.) + +**4) Making Them Big Bucks pt 1** + +I stumbled onto high paying jobs by accident. In college, we did all of our work on UNIX systems. Out there in the real world, there wasn't a lot of people with that experience, and that worked in my favor. I was that dork working on printers and Windows desktops, and when they realized that I knew UNIX, they moved me into a gig paying nearly twice as much overnight. + +**You can use this to your favor.** Spend some time to find out what's "hot" right now. IMHO the big trend in 2017 is containers, Kubernetes in particular. If you know a decent amount about Kubernetes and you don't live in Cleveland, you can get a job inside of 48 hours. A couple of years ago OpenStack was big, before that it was Puppet. This stuff changes every year, do your best to find out what all the cool kids are doing. + +The fundamental idea here is that working on Kubernetes isn't much more difficult than working on Windows 10. But there are thousands of geeks that know Windows 10, and there's a few hundred that know Kubernetes. Due to the laws of supply and demand, you can get your foot in the door very fast if you know a little about Kubernetes, and the pay is quite nice. + +**3) Making Them Big Bucks Pt 2** + +I've noticed that there's a strong correlation between the profits of an employer and how much you get paid. For instance, a couple of years ago I was hired by a software company that basically had a monopoly in their field, and they practically printed money. They were sitting on billions. Because they were ruling their niche of the market, the money was very good. You can find out the financials of a potential employer in a matter of minutes on Google Finance. It's worth taking a look before you decide what to ask for. I know that all the cool kids want to work for Google and Apple, but the competition is fierce. The best job I ever had, by far, was working for a financial institution. They had tons of money and they had a hard time recruiting because of their "stodgy" reputation. + +**2) Some Job Ideas** + +Here's some job ideas for you. If you don't know the first thing about tech, you might consider becoming a project manager or a salesperson. (Sorry, I know I just offended a thousand people.) But seriously, this people serve a valuable function. A lot of us techies are wildly disorganized and socially awkward; project managers and sales people are essential to getting things done. + +If you know a little about tech, I'd recommend learning Linux. It doesn't take long to learn, and a huge chunk of the Internet runs on it. Anyone with rudimentary Linux skills can get a job paying $80K+ in Seattle, SFO, San Jose, Los Angeles or San Diego. + +I generally don't recommend that people jump straight into programming jobs. This is largely because the competition is fierce; if you intend to become a programmer there are thousands of people who've practiced this for years in India. I'm not saying that it's impossible to become a programmer in the USA. I'm saying that it's an uphill climb, and there are easier ways to get in your foot in the door that leverage the fact that you speak English fluently. + +Also, don't even bother learning how to make web pages. That shit is fucked out, I can hire a million people overseas that will make web pages for under $15 per hour. In 2017, all of the big money is in containers, public and private cloud, and anything that requires you to be "customer-facing" and speak English fluently. + +**1) Getting into the Tech Field When You Don't Know a Goddamn Thing About the Tech Field** + +I've talked to a zillion people about this, and so many of them say "I don't know anything about tech, I'm scared to even apply." The first thing that I tell them is that **simply speaking English makes you valuable.** English is a second language to most of my coworkers. The second thing is that most of us are a bunch of raging autists. If you couldn't tell from this Wall of Text and awkward flair, I'm so autistic it's bordering on retarded. And in my field, I'm fairly normal. I can't tell you how many times that I've met people who were simply "well adjusted" and that was enough to help my employer corral the band of autistic weirdos that write your software. Left to my own devices I'd spend eight solid hours browsing the Internet and getting absolutely nothing done. My field needs "normal" people who can speak English and channel weirdos like me into something more productive than spending all day on Reddit. **Can you do that?** + + +Hi, +I'm planning on getting braces in the next 2 weeks that cost £3900. It's a £600 deposit then either the remaining £3300 in one hit or 0 % over 12, 18 or 24 months. + + +I have the money to pay it all off in one but should I do that or is there an easy access high interest I could put the money in and go for a monthly repayment, with the idea of the interest effectively 'lowering' overall the price I'm paying? + + +Also, I'm currently house hunting as a first-time buyer, would these monthly payments reflect badly on a mortgage? +[Matt Furlong](https://i.imgur.com/fMnL5uh.png) is the chief executive officer of GameStop. He was appointed to this role in June 2021. + +Matt is a member of GameStop’s Board of Directors, a seat he has held since June 2021. + +Matt is a veteran e-commerce leader with significant experience implementing growth strategies across global geographies and product categories. Most recently, he was a Country Leader and oversaw Amazon’s Australia business during a period of substantial growth. He was previously a Technical Advisor to the head of Amazon’s North America Consumer business. Throughout his nearly nine years at Amazon, he also ran a variety of product categories and oversaw strong market share expansion. Matt began his career at Procter & Gamble, where he was an executive focused on brand, marketing, and sales strategies. +CoinDesk: New York extended the comment period for its BitLicense proposal. What were the key factors behind the decision? + +Lawsky: We got a request from a number of different companies and individuals, including a large number of companies and individuals that sent a letter together, and certainly when we get a request from people who care deeply about how this regulation turns out, that's a factor, we consider that request and we consider it seriously. + +In terms of why we did it, we got the request, but I think it's obvious that we're regulating here in a new area where you really have this very fascinating and complicated collision of regulation and technology, and I think it's vital we get it right. + +It's clear from the letters we received and the letters we've gotten, there's a chance that this regulation could be a template that could be used not only in the US but internationally, and I think that gives us an additional responsibility to do our very best to get it right and the best way to get something right is to try and get as many viewpoints as you can when you put a complicated regulatory framework, consider them carefully and make the best decisions possible. + +We want to make sure we consider all the potential unintended consequences, we want to make sure we're considering all the intentional consequences and the more we do that, the better the reg is ultimately going to be. + +Now, we do want to move relatively quickly still, I think the sooner we get the regulatory framework out there, I think ultimately the better, but we don't need to move so fast that we risk getting something wrong. + +I think given the level of interest, given that this is a new area and it's complicated and that it's potentially an international template and given the request for more time, I think an additional 45 days was reasonable. I look forward to getting a lot more comments. + +We're not the kind of agency that thinks we have a monopoly on the truth and that we're always right. We feel strongly about a lot of the provisions in the proposed reg, but we get it that there might be things we can improve. The more comments that we get from serious people who care deeply about the future of digital currencies, then i think we're going to take those comments very seriously and we're already working on them in terms of a new revised reg we would put out at the end of October. + +CoinDesk: There's been a lot of negative reactions to the proposal, have you been surprised by the community's reaction? + +No, not really. I think the most surprising thing has been that certain provisions in the regulation that I think when we drafted it initially that we thought would be pretty clear in terms of the breadth, were read by some much more broadly than we intended. + +The reg is intended primarily to financial intermediaries and to the financial service industry. What we saw fairly quickly that certain provisions were being read by software developers as potentially applying to them, and that could have a stifling development on them, if every time you needed to develop a new piece of code, you'd have to go get a license, when we read the reg we were pretty clear that it wouldn't apply to software developers, so we were a little surprised it was read that way, but looking back I can see how if there's a potential that the reg applies to you and you're talking to your lawyers and you don't know, these words are ambiguous, that's something that can occur. + +I think accompanying the revisions, we'll do some kind of guidance so people have more clarity as to the breadth of the regs, so software developers aren't going to have to be sitting around wondering if it applies to them - it doesn't, it applies to financial intermediaries. + +CoinDesk: You mentioned that you're currently revising the proposal. Can you take us through that process and the work that's being done? + +Lawksy: I don't want to get too deep into it. But I think we have a whole group of people lawyers and otherwise, regulators who are going through all the comments we are receiving and putting them into buckets. + +Let's say we have six letters we're looking at at one time, there might be the same point made in all six, and you just kind of bucket that and ultimately you have buckets of all the comments and critiques, etc and we go through a process of doing memos and analyses, do those comments make sense, should we make a change, should we not. Some of them might be obvious, like oh we didn't mean that, we didnt' need to say that. + +I think some of them we'll have a lot of high-level meetings on, to talk through, well if we make that change, what does it mean, does it have any potentially unintended consequences, does this make the playing field somehow uneven for example and we'll work through that process and we'll put out a revised reg at the end of October. And when we put out a revised reg, if there are material changes, there's an additional 30-day comment period, so they can look at it and say this is a new revised reg, we should tinker here and tinker there + +CoinDesk: Do foresee circumstances where you'd need to extend the time window for comment? + +I don't right now, but never say never. + +We do want to keep this moving on a fairly rapid track, we've already gotten extensive and very good comments in the first 45 days haven't even run fully. So I think an additional 45 days should get us to where we're comfortable and that we've given people enough time to think about the reg and the provisions they care about and give us comment and they have an additional 45 days, if they make changes, we'll get an additional 30 days then, so i feel like that should be more than enough time. + +My hope is that we can move fairly rapidly. + +CoinDesk: It's the end of October, what's the best-case outlook for bitcoin companies in New York? + +We're primarily focused on the reg and getting it right and realizing that were not this agency that thinks it has a monopoly on the truth and if people have smart, good, thoughtful comment and we're going to consider them very carefully, and we're going to try to make this reg as thoughtful and nuanced and balanced and effective as we can. + +If we get that right, I think the outlook for virtual currencies in one form or another is quite bright in New York, but we'll have to take it one day at a time. + +http://www.coindesk.com/ben-lawsky-bitcoin-regulation/ +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/xxh13d) 🎃🐦 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) + Whether it being making some sort of system to save money or some way you’ve been able to generate income, what Finance Pro Tip could you share with your fellow povertyfinance community members +Hi all, + +I’m sorry in advance that this post seems very trivial, especially in comparison to the heartbreaking post from yesterday but I didn’t know where else to ask. + +A few days ago I went to Burger King drive through and paid on card, the transaction was taking a while to go through and in the end the terminal timed out or something, I was told the transaction did not go through and was asked to pay again. I quickly pulled up my online banking and showed the manager that it was in my pending transactions, but he said it will drop off overnight and gave me a printed receipt to say the transaction failed. I wasn’t convinced but I ended up paying again. + +Today I noticed that both transactions have now gone out of my account (not pending anymore). I am a bit annoyed, not because of the amount but how dismissive and rude the manager was. + +I don’t know how to get this money back now, do I go through my bank or go to Burger Kong and demand they do a refund? + +Thanks in advance +As the world is rapidly adopting technology, Pakistan keeps banning them. Now they have decided to permanently ban crypto currency. + +To be very honest, they have fucking no clue the fuck they are doing. They are bunch of crackpots holding higher grade offices. + +Now Im too worried as of every Pakistani right now. Wondering what should we do? One thing Im not doing for sure is selling them because of some random uneducated monkeys’ decided to ban it. + +Can I use VPN? What are the cons of using VPN? Or do you guys have any other suggestions? Please help me out! +Big day today. Upped my 401k contribution from 33% to 51%. 35k salary so that will put me at a max 401k for the year. + +Ps. No one I know cares so I'm posting it here. +1. They secured financing commitments for more than $500 million of new financing, including its newly expanded $1.13 billion asset-backed revolving credit facility ("ABL facility") and a new $375 million "first-in-last-out" facility ("FILO facility") which means imminent bankruptcy is off the table. +2. They reduced capital spending from $400 million to $250 million. +3. They will close 150 lower-producing Bed Bath & Beyond banner stores. +4. They won't sell BuyBuyBaby to save their necks as of now. +5. They may issue up to 12 million shares to raise capital +6. They still looking for a CEO + +**Financial Update (Interim)** + +At this time, the Company is providing the following interim financial update for the second quarter of fiscal 2022 ended August 27, 2022: + +–        Net Sales of approximately $1.45 billion + +–        Comparable Sales decline of approximately 26% compared to the second quarter of fiscal 2021 + +–     **Free Cash Flow usage of approximately $325 million** + +Additionally, the Company is providing the following interim financial update for its fiscal 2022 expectations: + +–        Comparable Sales decline in the 20% range driven by improvements in the second half of fiscal 2022 versus the first half of fiscal 2022 + +–        **Adjusted SG&A expense approximately $250 million below last year reflecting cost optimization actions occurring in the second half of fiscal 2022** + +–      Capital expenditures of approximately $250 million versus the Company's original plans of approximately $400 million + +&#x200B; + +source: [https://bedbathandbeyond.gcs-web.com/news-releases/news-release-details/bed-bath-beyond-inc-announces-strategic-changes-strengthen-its](https://bedbathandbeyond.gcs-web.com/news-releases/news-release-details/bed-bath-beyond-inc-announces-strategic-changes-strengthen-its) +I’ve seen multiple people here say they’re trading “naked options” when they just mean they bought a call or put. +A naked option is when you SELL an option and you don’t own 100 shares of the stock you sold an option on. +My only advice here is if you’re not clear on terminology please don’t sell a naked option because that has the potential for you to lose an awful lot of money. + +I’ve seen someone ask for advice about their naked option at least three times in the last day or two when they were describing a call that they’d bought so it seems to be a term that isn’t clearly understood by some new options traders. + +Edit: I’ve had several people message me asking if I know where a good place to learn is, Investipedia is a good place, if you’re an audio-visual learner then YouTube videos where the person is using the same platform you are is always helpful. + +Think or Swim (ToS) has a paper trading platform that I wish I had used early on to try some of the more advanced methods that won’t leave you to blow up your account on a stupid yolo. + +Using a platform that isn’t RH is always a good idea as well since they can have some pretty wide spreads and don’t show all of the data, like volume and last sale price that are important. Not helpful at all if you have a stock with almost no volume that makes a climb and you think you’ve hit the jackpot only to find you have no buyers. This is a big deal if things go sideways and you want to get out of a trade. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +*gobble gobble'n up those shares* 🎃🦃 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Ok, just a friendly reminder that I believe I cracked the code for Computershare auto buys and the first widely observed auto buy should happen tomorrow between 10:30am and 11:30am eastern. + +[Source](https://www.reddit.com/r/Superstonk/comments/ye7clz/i_believe_i_cracked_the_computershare_auto_buy/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +The reason for my post is because not only is this going to be a heck of a lot of fun to finally watch in real time, BUT more importantly to let apes know that I’m jacked that the price “should be” low when the auto buy happens. + +I auto buy $1000 twice a month. Had the stock been $35 tomorrow, I'd be getting a little over 28 shares. Hypothetically, if it's $26, guess what? I'm getting 38 shares. Let me repeat that. I'm getting approximately 10 more shares BECAUSE the price is much LOWER than it was just 2 days ago. Low Price = More DRS shares. + +TLDRS auto buy happening tomorrow +I'm just looking up [GME's top institutional investors](https://www.nasdaq.com/market-activity/stocks/gme/institutional-holdings) who increased their holdings of GME on [investing.com](https://uk.investing.com/). Wouldn't you know it, JP Morgan, Principle Financial, Ameriprise, Prudential Financial, all of them are rated as a "Strong Buy". + +You know who else is a strong buy? Bank of America, Jeffries, Citigroup, and Goldman Sachs. All of these guys [banned short selling of GME](https://finance.yahoo.com/news/jefferies-blocks-short-sells-gamestop-174600093.html). + +That's interesting. Who is listed as a Strong Sell? Citadel, obviously. Credit Suisse, and we know that they are [in trouble with GME](https://www.reddit.com/r/GME/comments/mfjsoy/credit_suisse_had_a_100000_put_position_on_gme/) . Deutche Bank, didn't a [whistleblower from there just go missing](https://twitter.com/davidenrich/status/1383206855263019009?lang=en)? He might have been found but I need someone to give me a link to confirm. Barclays, aka [Citadel's clearing broker](https://www.reddit.com/r/GME/comments/nh35yo/barclays_citadels_clearing_broker_was_fined/) . + +Wow, it seems that everyone holding GME is the hottest stock available and everyone shorting needs to be dumped immediately. + +Not financial advice but this is some nice confirmation of my choice to Buy and Hold GME. + Hi, guys remember I'm Venezuelan living here updating this week numbers. + +We are very far from the 500 BTC weekly we were trading months ago. We are around 300 BTC weekly. + +The reason (I think) is the value traded in LocalBitcoin is fixed to USD, so as the BTC price goes up the volume gets down. + +The trade volume is constant at around 4,500,000 USD weekly. When we were trading around 500 BTC, price was hovering around 10k. That is why. + +Remember, this is only measured by LocalBitcoin (For sure the biggest exchange here). + +I'm Venezuelan "living" here, crypto entusiast. A lot of redditors have helped me somehow! I got several moons but sadly had to cash them out. + +You can ask me anything! + +Sources: + +[https://www.usefultulips.org/combined\_VES\_Page.html](https://www.usefultulips.org/combined_VES_Page.html) + +[https://www.caracaschronicles.com/](https://www.caracaschronicles.com/) + +[https://coin.dance/volume/localbitcoins/VES/BTC](https://coin.dance/volume/localbitcoins/VES/BTC) + +[https://localbitcoins.com/buy-bitcoins-online/ves/](https://localbitcoins.com/buy-bitcoins-online/ves/) +Hello! I am a long time lurker, first time poster, and I was hoping get some advice from the FIRE community! + + +For background, I am a 27 year old single male who just move to the Los Angeles area for a new job in management making >$100,000 (previously, I worked in Aerospace engineering and have a MS degree in computer science). + + +In terms of personal finance, I have done everything "right" on the path to "get rich slowly". I have >$70k saved between my Roth IRA, my 401k, and my personal "for fun stock trading" investment accounts. I use an online bank to save on fees, I have a rewards credit card which I have never paid interest on, and I have zero debt (car is paid off, no student loans, currently living in an apartment). + + +I've started getting more into FIRE because I'm not particularly happy with spending 8-10 hours every day working to make other people rich. I don't want to retire when I'm too old to enjoy my time. I would like to spend my time travelling, and I don't need to hoard a lot of expensive things. However, I'm a rather risk adverse person (the type who does really well in school and follow all of the rules), so it's hard for me to break out of the "go to work and get paid" mentality. I'm afraid that if I jump into something else, I will would lose my steady paycheck (since it offers some level of safety). I would start my own company and I would have no problem working hard on it, but I don't know what I would want to do and I don't have any great inventions to work on. + + +As such, I wanted to start investing in Real Estate, as it is something people need but doesn't require me to invent a jet pack. However, I'm not sure this is the correct path for me to go down. I'm worried that if I jump in and start working, I'd get burned and lose a lot of what I have already built for myself. I have looked up a lot of Real Estate investment classes/meet ups, but most of them seem like "Pay money for my seminar!" sales pitches. + + +Is Real Estate something that will help me in my situation? What is the best way to get started? I would like to get a duplex and rent out half of it, but I'm unsure if this is the best path to go. Additionally, I have zero connections in real estate, so I do not know how to start looking for locations and setting up financing (and the rest of that technical stuff). + + +What small steps can I take on a daily basis that will help me approach my goal? I've read a lot of personal finance books, but I feel it is getting me in a corner of paralyses by analysis. + + +What is the best way to pursue FIRE while working full time? It's very difficult to balancing going to work full time and working on side FIRE projects - what kind of things do you do? + + +Thank you so much for taking the time to read my ramblings; any advice is appreciated! + +Edit: Wow everyone, thank you so much for the constructive comments! I definitely have some studying to do! + +~~Cardano is just a whitepaper (2017)~~ + +~~Cardano is vaporware (2017)~~ + +~~Cardano doesnt even have light wallets (2018)~~ + +~~Cardano is centralised ( July 29, 2020)~~ + +~~Cardano cannot support NFT (1 March 2021)~~ + +~~no one is developing on cardano, (March 2021 - plutus poineers)~~ + +~~What happened to their plan to sign contracts with governments? (May 2021 - etheopia)~~ + +~~Cardano has no smart contracts (13 september 2021)~~ + +~~Cardano can only do 1 swap per block (october 2021)~~ + +~~Cardano doesnt even have a Dex (December 2021)~~ + +~~No, I meant a proper dex, not muesliswap (jan 20 2022)~~ + + +Cardano cannot scale. <----you are here +Right now I keep most of my coins on an exchange, and i have my account secured with a solid password. + +is there anything else I should be doing, like 2fa authentication? + +Sorry if this seems dumb, only found out about bitcoin a year ago! + +Thanks for the tips everyone, one other question: + +When the [Karbon](https://karbon.io) platform rolls out, wouldn't my Bitcoins be safe in there as well? Seems like they have made a push to having a very secure in app wallet. +Growing up I would consider our family to be poor to lower middle class and money has always been a discussion. I've worked for everything I own by working my way through college and getting a corporate job and finally broke over $10k in saving for the first time in my life, something I'm very proud of. + +My bf on the other hand grew up in an upper middle class family and lived in a upper to higher class community whose friends grew up in the same situation and who just have $100k sitting in the bank given from their family. + +What I find weird is that for every friends function (cookout or get togethers) there's an expectation that all food eaten is split evenly among everyone because it's considered as "fair". I don't generally agree with this because I feel like asking someone to pay for a slice of pizza or asking someone to pay when you're hosting a backyard bbq just seem... penny pinching? My bf say that he just want to contribute to his friend's financial burden (which I think is honorable and considerate) but at the same time it makes me feel like it's very transactional. If it's going out to dinner, sure, split it but also split it by what people ordered and not just evenly (because according to my bf it's easier) but if you're hosting something at your house, I would think that you would consider that expense into your budget and wouldn't want to charge your friends for it? + +Maybe it's because I grew up in settings where my family nor my friends are expected to pay in such circumstances that it feels awkward to me. However, it's also something that I made clear to my bf that we will not practice in our household. I don't want my friends to feel like they have to pay to eat at my house nor do I want my future children to feel like it's normal to charge their friend for a slice of pizza + +I don't know. Is it a rich people thing? I would love to hear everybody's opinion on this. +I've noticed myself commenting my actual rational thoughts on BBBY posts for the past two weeks or so, and it feels very uncomfortable. When I went into BBBY, it's because I'm in a stable enough position that I could use my 'Fun Bucks' portfolio to go long on FOMO - that was the only investment thesis. + +Over the past few weeks, there have been more and more bagholders with thousands of post upvotes displaying a clear and fundamental lack of even the most basic of financial literacy, talking about how removing CxOs, offering junk bonds, etc., are good signs. And it honestly makes me feel uncomfortable. + +This is the anti-Jordan-Belfort speech, and maybe I'm a bitch for making it. But I'm actually concerned by what I'm seeing on this sub e.g., "We have X trading volume - it's a guarantee that BBBY is going to the moon." If you have had any thought similar to this about BBBY, I don't know what to say to you except please, please for the love of Belfort, understand you don't know what you're dealing with here. + +Are you behind on your credit card bills? You should not be on WSB. Is your landlord ready to evict you? You should not be on WSB. Does your girlfriend think you're a fucking worthless loser? You should not be on WSB. You should not deal with your problems by investing in meme stocks. + +This sub was meant for people with money to lose, to make reckless trades that were all-or-nothing. It is, quite literally, a casino, where the only intent is to shit on each other and fuck around. + +But the number of posts I've seen ranging anywhere from not knowing what the ever-living fuck a Reg Sho is, to saying they trusted this sub and you were let down. + +**This is not a financial subreddit. This is a subreddit for gain and loss porn, to either fundamentally change your life, or destroy it.** And if you do not understand the type of risk this entails, this is not the place for you. Just to add to the pot who cares I'll fuck a watermelon if this gets big, I just can't ethically keep cheering all this shit on when the newbies clearly have no idea what the fuck they're getting themselves into. + +Editing just so everyone knows I haven't lost myself - doing whippets as I respond to comments. +As evidenced by multiple posts being voted up to the top, there is a strong will from this community to have a block reward reduction in Muir Glacier along with the delaying of the ice age. + +All delays to date have come with a reduction and there is no good reason why this status quo should be changed. + +As I pointed out in a previous post, we are currently overpaying for security. + +[https://www.reddit.com/r/ethereum/comments/e4mhtj/comment/f9d811n](https://www.reddit.com/r/ethereum/comments/e4mhtj/comment/f9d811n) + +Today we already pay a higher reward than bitcoin, and Bitcoin will have a block reward reduction in May, which will reduce their yearly inflation to 1.6%. If we do not reduce the ETH block reward we will be paying 4.6%. + +The fact that we are now at 2 ETH also shows this number was merely just a 'guess' as it is a round number not based on extensive optimization metrics or formulae. There is no reason why '2' ETH should have been assumed to be optimal then, or that it is now. + +It seems likely that a number between 1 and 2 is more efficient. Perhaps the optimal number is 1.72368421. + +The fact is, nobody has done up-to-date, extensive analysis on current economic situation, and there is no reason to state anything less than '2' is unsafe without sound reasoning and actual data. Leaving the reward at '2' is just as incorrect as setting it to any other number. A detailed analysis should be done to determine how low the reward can be safely set. + +I will be working on this in the coming days and will post my findings here, and i encourage others in the community to do the same. +As evidenced by multiple posts being voted up to the top, there is a strong will from this community to have a block reward reduction in Muir Glacier along with the delaying of the ice age. + +All delays to date have come with a reduction and there is no good reason why this status quo should be changed. + +As I pointed out in a previous post, we are currently overpaying for security. + +[https://www.reddit.com/r/ethereum/comments/e4mhtj/comment/f9d811n](https://www.reddit.com/r/ethereum/comments/e4mhtj/comment/f9d811n) + +Today we already pay a higher reward than bitcoin, and Bitcoin will have a block reward reduction in May, which will reduce their yearly inflation to 1.6%. If we do not reduce the ETH block reward we will be paying 4.6%. + +The fact that we are now at 2 ETH also shows this number was merely just a 'guess' as it is a round number not based on extensive optimization metrics or formulae. There is no reason why '2' ETH should have been assumed to be optimal then, or that it is now. + +It seems likely that a number between 1 and 2 is more efficient. Perhaps the optimal number is 1.72368421. + +The fact is, nobody has done up-to-date, extensive analysis on current economic situation, and there is no reason to state anything less than '2' is unsafe without sound reasoning and actual data. Leaving the reward at '2' is just as incorrect as setting it to any other number. A detailed analysis should be done to determine how low the reward can be safely set. + +I will be working on this in the coming days and will post my findings here, and i encourage others in the community to do the same. +Following on from [previous](https://www.reddit.com/r/ethtrader/comments/72scaj/ethtrader_the_dappening/) [posts](https://www.reddit.com/r/ethtrader/comments/75a2f3/the_dappening_progress_report_registration/) I'd like to describe the current state of [development](https://github.com/EthTrader/dappening) for the EthTrader DAO and Token, and open up the choices to further discussion and feedback. + +The EthTrader token and username registry are designed to be fully self governed by the EthTrader DAO. What is presented here, and the code in the repo, is largely to support that self governance at a fairly basic level. **All choices presented here up for discussion and review**. + +- +- + +**Token Distribution** + +* tokens are generated & endowed when users register their username with the DAO. To be eligible, users must have pre-registered the Ethereum address they will use. +* token endowment is based on combined post and comment karma from r/ethtrader, r/ethereum, r/ethdev, and r/ethermining until 30/09/2017 (already collected) +* an additional endowment (2.5% of total) is available to r/ethtrader mods, distributed based on their number of days as mod until 30/09/2017 + +- +- + +**DAO Operation** + +* Proposals are submitted by registered users along with a token stake (PROP_STAKE) that is burned if the proposal fails. +* Proposals can be enacted following a 2/3 majority vote. +* Voting is eligible to registered token holders and is weighted by token amount and token age. +* Initial token age is established by the date of the users first comment or post. +* An amount (TOKEN_AGE_DAY_CAP) can be transferred each day without affecting token age. Exceeding this amount within a day sets the token age to the current date. +* Proposals last a preset time (PROP_DURATION), but the end can be delayed (SIG_VOTE_DELAY) if a vote above a certain threshold amount (SIG_VOTE) has occurred. +* The following actions can be performed by voting: + * UPGRADE - upgrade the DAO/controller contract + * ADD_ROOT - adding a merkle root opens registration up to a new set of users + * TOGGLE_TRANSFERABLE - toggle transferability of tokens + * TOGGLE_REG_ENDOW - toggle endowment during registration + * SET_VALUE - update one of the following values (or a new value used in a future contract) + * PROP_STAKE - amount of tokens to be staked in order to submit a proposal + * SIG_VOTE - threshold weighted vote amount that would cause a delay to ending a proposal + * SIG_VOTE_DELAY - (in blocks) the length of time a "significant vote" would delay ending a proposal + * PROP_DURATION - (in blocks) the duration for proposals + * TOKEN_AGE_DAY_CAP - max amount that can be transferred each day without resetting token age + * ENDOW - direct endow tokens to an address + +Despite today's mini-dip, with ETH hitting new ATHs every few days, makes me happy to know that most of you fine people are in the green with your ETH/crypto portfolios. Am sure quite a few of you are actually in the DEEP green, so congrats to you. I remember back in **June & July** all of the stories of people buying the ATH & struggling to hold while ETH tanked down to the $1700 range. I remember that most people here in this sub were supportive & encouraged ATH buyers to just be patient & hold. Now around 4 months later, the people who had bought the previous ATH are now in the green by +20% (assuming they had not DCA at all). + +Anyway, just goes to show the importance of the most important rule in crypto (in my opinion), **never sell for a loss**. Be patient & your holdings will eventually pay off, particularly when you invest in quality projects like ETH. All of the down/bear markets are worth holding through for these fun/wild bull runs. + +You are all good people & I wish nothing but success for you all. Just remember, this is only the beginning. +Despite today's mini-dip, with ETH hitting new ATHs every few days, makes me happy to know that most of you fine people are in the green with your ETH/crypto portfolios. Am sure quite a few of you are actually in the DEEP green, so congrats to you. I remember back in **June & July** all of the stories of people buying the ATH & struggling to hold while ETH tanked down to the $1700 range. I remember that most people here in this sub were supportive & encouraged ATH buyers to just be patient & hold. Now around 4 months later, the people who had bought the previous ATH are now in the green by +20% (assuming they had not DCA at all). + +Anyway, just goes to show the importance of the most important rule in crypto (in my opinion), **never sell for a loss**. Be patient & your holdings will eventually pay off, particularly when you invest in quality projects like ETH. All of the down/bear markets are worth holding through for these fun/wild bull runs. + +You are all good people & I wish nothing but success for you all. Just remember, this is only the beginning. +Getting close to my goal and wondering about timing. I've always been a strong believer in not trying to time the market. But I sometimes wonder about edge cases... + +Suppose my basic (fairly comfortable) needs are about 1/2 of my planned safe draw rate. In the event of a big market drop I could cut spending by up to 50% and probably avoid any withdrawals for a year at least (perhaps 2). Is that market timing? Sort of? + +Further, suppose that I go ahead and open up a home equity line (I own my house) now. In the event of a market drop, I could extend my zero withdrawal period even longer. Is that market timing? + +What's the difference between selling, buying and not making planned withdrawals in response to conditions? How do people here think about this? +I work in a finance company, and a huge chunk of my pay comes in the form of an annual end-of-year bonus. This bonus is typically at least $200k pre-tax, sometimes substantially higher. + +I’m trying to figure out what I should be doing with these bonuses when I get them. Should I just dump it all into index funds immediately? Should I invest steadily throughout the year, and accept that I’ll have a huge chunk of money sitting in a checking account for most of the year (this is what I do now)? Or is there some third better option? I’ve considered more active investments such as real estate, but I believe I could get a better return on my time by just spending more time at work and earning a larger bonus. + +Sorry if this is an obvious question that’s been asked before, but I couldn’t find an obvious answer, and I feel like I’m wasting a little potential by keeing so much in a checking account. +Hi All, + +I was an early employee at a company that has IPOed recently. I am no longer employed there, but exercised all my options upon leaving. I am mid-career, in my mid-30s and have always done my own taxes and finances. Upon IPO, my shares were valued at many times my net worth. + +I am currently still in the lock-up period. The stock price has been highly volatile. Is there anything I can do at this point to balance some of the risk of having such a huge portion of my net worth tied into this stock? What is the smartest thing I could be doing during this time? Do I just accept the possibility that a huge amount of this value can be wiped out before lock-up is over? + +I've been a long-time lurker and am frequently impressed by the quality of insights found here. + +Thanks! +I have a biz netting me ~1.5m / year. Requires 5-10 hrs / week of my time, and is fully remote. + +I've felt "retired" for at least 5 years...I can live where I want, work when I want, do whatever I want most days, travel where I want, have whatever toys I want, etc etc. + +Honestly I don't think I'll ever stop running the biz. It's fun, my job satisfaction is high, it gives me a sense of purpose and achievement. It's kind of my "baby". + +So, fellow biz owners: what are your thoughts on this topic? +I read this [article on dividend investing](https://www.pwlcapital.com/some-tough-love-about-dividend-investing/) and [this post](https://www.reddit.com/r/Bogleheads/comments/pzltj7/hypothetical_80100_schd_set_it_and_forget_it/hf1r8cd/). + +The argument against dividends seems to be two-fold: 1) you're taxed on the dividends, and 2) the share price drops in value by the amount of the dividend. + +My question is about #2. How much does this matter if the price of the stock rises? For example, if the stock is $100 today and they issue a $4 dividend, then supposedly the price will drop to $96. But what if the price of the stock increases over the year and it's $125 and they issue a $4 dividend, so the stock is $121. Aren't you as the dividend investor way ahead now? + +I am primarily asking because I am trying to understand SCHD which has been going up over the past 6 moths. Although you get taxed on the SCHD dividends, it does not seem like #2 (share price dropping in value by the amount of the dividend) is occurring enough to make the stock unattractive, if anything it seems very attractive. + +Also, since VTI pays dividends, doesn't it deal with the same #1 and #2 issues? + +EDIT: this post is about holding SCHD in a taxable account + +Thanks! +I've been thinking about this for a long time and I finally decided to move all my savings to Celsius. Why should I keep my money in a bank? Not only I don't get any interests but I also have to pay 15 bucks a month just for the privilege of having an account. Now I get almost 9% interest rate, which I will probably invest back in crypto. Fuck traditional banks. +I have done the unthinkable, and am now employing a new strategy that looks past all technical and fundamental analysis, DYOR, use cases and market analysis to exclusively tunnel vision on my feels and normal price fluctuations. + +I have carefully skimmed hundreds or possibly tens of reddit comments to aggregate the consensus of the average reddit user’s emotions into my conclusion: that we are both simultaneously in a bull market and a bear market. + +It is obvious really. When the price goes up by 2%, we are in a bull market. Did China crack down on cryptocurrency again? Good, we don’t want too much mass adoption. + +Of course, we are also in a bear market as Bitcoin stagnates at the same time. Tomorrow it may even go up or down. You know what they say, pray in May it will go both ways. + + +I hope this was unhelpful to most of you. *This analysis brought to you by enlightened crypto centrism.* +Somewhat similar to [this post](https://www.reddit.com/r/fatFIRE/comments/kb4822/privately_held_company_considering_options_to/), but with different questions. I would love some feedback from anyone here who has or is considering selling their business. + +Background: I have a 15 year old SAAS business. $10M revenue, $3M EBITA, growing 20%/year top/bottom line. I average $2M/year of withdrawals (dividends, salaries, perks). Have a great team in place and have been completely hands-off for the last 2 years. It's still a "small" business in relation to other SAAS businesses, but it is solid and the numbers are great (low churn, low cost of acquisition, thousands of happy customers). + +Recently a bunch of PE firms contacted me to see if I was interested in selling a majority stake. My accountant's believes that now is the best time to sell a business in the last 10 years. On his advice, I spoke with this PE firm, and also with a firm that assists with SAAS transactions in my price range. + +Personally, I have fatFIREd. $10M in invested assets, house paid, no debt. Haven't "worked" in 2 years. + +I am now trying to decide if I should pursue a sale. Concerns: + +First, how do I compensate key employees? There are 6 core members of the team that have been here long term. We pay them well, but have not set up any kind of stock option plan. My initial thought was to give them a big chunk of the sale proceeds, in some tax-efficient way. + +Second, again related to staff. For anyone who has sold a SAAS type business, what was the longer term outcome for the staff? I am focusing on PE firms that have a track record of holding their businesses longer term than most (5 years on average). + +Third selling vs holding. My business is growing steadily (20% / last year) and has a 15 year history of double digit growth. This isn't an exciting high growth startup, and as such I've received relatively low offers so far (\~8X EBITA). I'm certain I will be able to maintain my $2M/year of withdrawals for at least the next 5 years. I am torn between selling and investing the proceeds, versus just keeping the status quo. + +thanks for any feedback you can provide! + +EDIT: Thanks for all the feedback! Lots to think about both pro and con. Will take the holiday break to make a decision. +If you have multiple properties then you probably have a separate checking account for each property. Let’s say all your rental checking accounts are at Wells Fargo, if you use Zelle then rent from all your properties go into just one of your bank accounts. Is there a way around this or am I missing something? +I just want to make sure that I understand what is going on, as it seems like there is little downside. + +$100,000 house, I put $20,000 down, I put $20,000 in, and it's now worth $150,000. I cash out refinance 80% of $150,000, continue to pay the mortgage, and use that money I made to purchase the next one. Is that it in a nutshell? + +I just threw some numbers out there for simplicity sake, but I just want to make sure that is the basic premise behind it. + +If so, what are the downsides? Obviously I know that a house may not end up being worth what you imagine it would, but with proper research beforehand, you could eliminate the majority of that. Any information would be greatly appreciated. Would like to be involved this way as opposed to just owning single-family units and renting them out. +I have been watching some tax auctions and foreclosure auctions in Florida. I have seen some houses sell for the minimum bid of $100, despite the house obviously being worth more. + +I just saw a foreclosure that was valued at $40k with an outstanding judgment of $60k and the plaintiff won the auction for $100. What is going on here? + +I have also seen houses go for much more than the estimated value as well as much much less. What DD do I need to do before bidding on one of these? + +Edit: When I say tax lien, I mean the auction for the property to satisfy the outstanding tax lien, not the auction for the tax lien itself. +Love him or hate him, Joe Rogan has a massive audience that continues to grow. Andreas Antonopoulos is a repeat guess appearing on shows 466, 490, and 844. With the the last airing in September 2016. With the increased interest, his voice broadcast to Joe Rogan's huge audience again, can only benefits bitcoin as a whole. +TL DR intro: have been living with GF for a year, got broken up with and there’s probably no reversing it, now homeless. Have 3 kids I have joint custody of. + +Broken up with on a Saturday morning; naturally all service offices are closed. Couch surfing until Monday morning when economic services opens. I’m hoping they can give me some vouchers for an extended hotel stay until I can find a place. Ex wife has been kind enough to agree to keep the kids for a few extra days while I figure things out (we have full joint custody). + +Finding a place - I have no money for a deposit or first month. One of the reasons I moved in was that I’ve been unemployed / underemployed for a year. Going to try to deal with local agency that runs apartments for low-income housing to see what they can do for me. They are safe, but there’s likely a wait list. + +Furnishing a place - here I have little idea. I have little furniture of my own - two of the three kids beds are mine, have two TV’s and computer desk. + +I live in a very rural area with limited resources and a lot of poverty. Only two thrift stores / donation places that don’t do much besides clothes, of which I have plenty. + +Any advice on agencies to turn to I am thankful for. I live in Vermont for reference. + +EDIT: So Far, things are working out ok. To those who offered support and advice you have my eternal thanks. +A couple months ago I decided to start investing. I’ve been off to what seems like a good start (10%growth) but I still don’t really know what I’m doing.I’ve tried reading various articles on investopedia and other sources but it’s a lot to take in. I feel like there are fundamentals that I’m just completely lacking in terms of terminology and core concepts. Simply put, I don’t understand how to evaluate a stock at all. + +The skeptic in me assumes almost every online course is a scam but are there any structured programs that could help me with the core tenets? +A pullback or price correction is one of if not the most common price action after an asset reaches an ATH or just pumps for a while. It is almost guaranteed to occur. This happens for a few reasons (this list is not exhaustive) : + +1. Profit taking. Believe it or not, people actually take out profits or their original investments after an ATH is reached or profit is made in general. +2. Fear. An ATH is called an ATH because it is the first time an asset has reached that price and that is the highest price it has ever reached. Some fear that it will not continue to rise after it reaches an ATH is normal +3. Whale manipulation. Whales love to sell at ATH to manipulate the price. A whale could buy 1k bitcoins at 62k, sell those same 1k coins at ATH 65K. If the buying volume is low enough, this could significantly affect the price of the asset, causing a dip to below where they originally bought in. The dip then sends the first 2 reasons I mentioned into action by other traders. Then the whale buys in at much lower price. + +So don't always freak out when green days are followed by red days. If the asset you are investing in is a decent project, there is probably no need to fear. +https://coinmarketcap.com/assets/tether/ + +For those who don't know this,Tether aka USDT is what is known as a stablecoin. It is designed to be pegged to the value of the fiat currency (e.g. U.S. dollar) that the user wants to use so that the crypto user can move their highly volatile cryptocurrency into something more stable. There are various reasons someone might want to use Tether, and one is that they want to be on the sidelines during a drop in the value of their crypto so they can buy back in later for a higher price. + +The market cap of Tether is *directly proportional to the amount of Tether in existence*. Every time someone buys into Tether a new stablecoin is created and backed by the Tether reserve fund with real fiat. On the converse, every time someone sells Tether, those stabecoins are *destroyed*. + +So, right now Tether's market cap is by far higher than it has ever been. There are nearly 300,000,000 USDT in existence. This market cap is different than your traditional speculative market cap for e.g. Golem where the market cap is just a multiplier of the current speculated value and the total tokens in circulation. In Tether, the market cap is an actual value of fiat, in this case almost $300,000,000 *actual dollars* are in Tether right now. + +So what does this mean? Well, it means a lot of money is waiting on the sidelines to buy back in. People would not have gone from say ETH to USDT to USD - they could have gone straight from ETH to USD. These people who own tether specifically did not want to cash out of crypto (and potentially incur taxes, etc). It is apparent they're positioning themselves to buy back in when the "bottom" is reached. + +My opinion: I think we can use USDT as a leading indicator of the market's sentiment. If the market cap of Tether continues to climb then collectively the market is sitting on the sidelines more. If the market cap starts to drop then people are starting to buy back in. This is not a perfect indicator because as more people enter crypto the market cap of Tether could climb despite overall market sentiment improvement. But, right now, as the overall market cap of crypto is still dropping, and Tether is rising, I think it's something to keep an eye on. USDT market cap has _never dropped_. If it actually drops? I'm going to see that as a very bullish signal. + +Note: this is not investment advice, and it could be 100% and totally, utterly wrong. Just some observations. +This is me just venting about my experience researching Ethereum (and the euphoria which followed), perhaps someone can relate, perhaps this is lost getting in the see of Lambo memes. + + +First off, I'm a 20 year old Computer Science major who was introduced to Ethereum by a friend of mine. At first all I saw was dollar signs, I saw a get rich quick opportunity which I wasn't going to pass up. So I bought the amount of ETH I could afford, knowing little of what it actually was as a technology. + + +I was browsing Reddit as usual and as the usual [r/aww](http://reddit.com/r/aww) post scrolled by I thought of Ethereum and wondered if there was a sub for ETH. Of course there was a sub, there is always a sub. I started reading on [r/ethereum](http://reddit.com/r/ethereum) and read some posts about words I didn't understand; ICOs, dApps, Tokens, etc. The first post which peaked my interest was of course about the current growth, which of course pointed me in the direction of [r/ethtrader](http://reddit.com/r/ethtrader). First thing I thought was that I wasn't a trader at all and it probably wasn't the place for me, but I was interested and I know you have to start somewhere. + + +[r/ethtrader](http://reddit.com/r/ethtrader), the place of Lambo memes, ATH posts, [u/ScienceGuy9489](http://reddit.com/u/ScienceGuy9489), but for me even more the place of a warm community, people who share a vision and passion for the technology (and the dank moon memes, let's be real). + + +I started actually researching the tech and after understanding the use besides a currency as a decentralized world computer, I started researching Solidity and programming Smart Contracts, seeing as I'm a freaking programmer. + + +It is at this point that something clicked in my head. A total paradigm shift happened for me and it is incredible. I knew that privacy at this point in time is mostly a myth and I was sure that the future wasn't any different and most likely more extreme. But Ethereum has changed that, it gives the power back to the people, we decide what happens with our data and where our money goes. No more borders, no more Big Brother, a free and open internet. I believe something like Status will result in mass adoption, adding billions of people in developing countries to this new age of internet and social networking. + + +Ethereum and Status will be the platforms which thrust developing countries into development, catching up with the rest of the world. + + +If all this goes to plan, Vitalik will be known as the father of the 21st century's Digital Renaissance and we'll have a brighter future because of it. + + +I don't know if this euphoria induced word-vomit is coherent at all or if I'm not making any sense and this is just a bullshit unrealistic future which I crafted, but I hope it's not. + + +TL;DR: The decentralized web is coming and it's tight as fuck. + + + *The Ethereum Merge is by no means the final stage of Ethereum's journey. It's a crucial step but still won't help Ethereum scale right away. In a recent talk, founder Vitalik Buterin sketched the milestones and end goal. In short: 100 thousand transactions per second, without sacrificing decentralization.* + +Buterin unfolded the Ethereum roadmap at a conference in Paris in July 2022. He claims the long-anticipated Merge will make Ethereum about 55% finished after the Merge is complete. So then what's left to do? The end goal is to dramatically increase capacity without ultimately turning Ethereum into a massive centralized database. This requires all sorts of crafty ways to compress data and outsource data storage away from the Beacon chain. + +The Ethereum Merge is arguably the major milestone as it replaces Ethereum's 'engine': its consensus mechanism. On the surface, users will not spot the differences between before and after. We can think of the Merge as keeping the exterior of a car intact while replacing the combustion engine with an electric engine. No small feat! + +All the steps that come after the Merge are less fundamental but no less important: they have to do with scalability. They ensure that Ethereum can process orders of magnitude more transactions. Those improvements have to do with revving up the engine. + +#### Phase 1: The Merge  + +The Ethereum Merge has been in the works for about seven years. The upgrade is all about the switch from proof-of-work to proof-of-stake. The Beacon chain, which has been tested for almost two years, will be merged with the old Ethereum blockchain. Mining will no longer be a business model in the Ethereum ecosystem and so Ethereum post-Merge will consume 99%+ less energy than before. + +Also, from an investor’s perspective, Ethereum will change. Instead of miners securing the network, it will rely on ETH owners locking up some of their ETH as collateral to earn staking yields. Staking Ether becomes like an "internet bond" with the lowest risk of all Layer 1s. We’re dealing with a fundamentally different ‘economy’ here. After the Merge, Ethereum will no longer be a ‘mine-and-dump economy’ but a ‘stake-and-hold economy’. Whereas miners have to sell sooner or later to pay their bills, stakers benefit from staking as many ETH as possible: after all, compounded interest makes one wealthy. + +The reason that Ethereum proponents are calling Ether "ultra-sound money" is that Ether will probably become deflationary after the Merge. Until the Merge, the block reward for miners is about 13,000 Ether per day. After the Merge, the new amount of ETH drops to just 1,500 per day. This 90% reduction corresponds to roughly three Bitcoin halvings. Hence, this deflationary move is also called the triple halving. Subtract from that the roughly 8,000 ETH burned per day, and your back-of-the-napkin calculus will tell you that the amount of existing ETH will decrease by roughly 1-2% per year.  + +#### Phase 2: The Surge + +No, the Surge is not about the expected rise in the price of Ethereum... It’s all about scaling. As Vitalik Buterin said in a July 2022 interview: + +*"You can lose a billion dollars from a hack but you can also lose a billion from everybody needing to pay way higher fees than they have to."* + +Scaling of many orders of magnitude is essential if Ethereum wants to support a decentralized ‘world computer’ that supports thousands of apps *and* that is affordable to use. + +When Surge? After a hopefully successful Merge, work on the Surge will begin. Completion of the Surge is expected in 2023 but of course, there are no guarantees.  + +The letter S in the wordplay on Merge refers to Sharding: the parallel existence of 64 blockchains or shards. This divides the huge data load that Ethereum will face (and already faces). All this data can of course not be crammed onto a single blockchain, because no one would be able to run an Ethereum node anymore. So to avoid throwing decentralization out of the window, Ethereum has to divide and conquer. + +Of all 64 shards, the Beacon Chain - as the name suggests - will be the one that other shards rely on. The Beacon chain is often compared to the highway and the other shards to side roads. That’s one way to visualize it, as it conveys the image of spreading the traffic load. But this comparison misses the point that the shards will most likely not process transactions. Instead, they are used to store transaction data. So a more apt comparison would be that of the Beacon chain as the production line of the factory and the shards as data warehouses (even though it’s still a possibility that some shards will get execution rights). + +Despite being (mostly) ‘just’ data warehouses, the shard chains will offer big improvements to transactions per second when combined with rollups. This is where so-called Danksharding comes in. + +**Danksharding** + +A few technical approaches have been suggested to take data load away from the Beacon chain. The details still have to be fleshed out. Danksharding is now the most likely candidate: it’s named after the developer who proposed it (Dankrad). + +Danksharding works with "data availability sampling," a technique that allows nodes on Ethereum to verify large amounts of data by sampling only a few pieces. It’s an efficiency measure and it is well-suited for the rollup era. Rollups, like sidechains, take the pressure off Ethereum by performing transactions on a separate, layer 2 chain. + +#### Phase 3: The Verge  + +The Verge will introduce Verkle trees, yet another means to scale with greater efficiency. In Buterin's view, the Verge is "great for decentralization." + +Verkle trees are of course a pun on Merkle trees, which are already used in Bitcoin and Ethereum. Merkle trees are a tool for ensuring reliable encryption by turning blocks of information into long strings of code. By adding all transactions in a block and creating a fingerprint of the entire set, it allows you to verify whether a transaction is included in the block. Verkle trees, in other words, make it possible to store a large amount of data by showing a short proof of any piece of that data. So they make the process of proof efficient. In this way, Verkle trees are a powerful upgrade to Merkle proofs. They will allow users to be network validators without having to store large amounts of data on their hard drives. Keep it decentralized! + +#### Phase 4: The Purge + +The Purge is about removing ("purging") old data from the Ethereum blockchain. Again, this will alleviate the data storage requirements for users who want to be validators but who do not have hundreds of Terabytes available. + +After the Purge, Ethereum clients will discard data older than a year. This should minimize chain clogging and allow many more transactions to be processed. Buterin expects Ethereum to process 100,000 transactions per second after the implementation of The Purge. + +Ethereum devs will still have to figure out where all those old blockchain data will go. Even though they are ‘old’, they are still vital to all kinds of applications. Where do all those hundreds of terabytes of essential transaction data go? One option is Arweave, the protocol created with the explicit goal of making centuries-long data storage possible. Arweave already stores the entire blockchains of Solana and Avalanche. + +#### Phase 5: The Splurge + +According to Vitalik, the Splurge is all about the "fun stuff". Let’s see what techniques the dev team will come up with to further scale and speed up the Ethereum ecosystem, without sacrificing decentralization.  +Question for you guys. How many of you know somebody that was in crypto but completely cashed 100% out of crypto now after having been in it for more than a year that included lots of serious reading? + + I've never met a single person that cashed out who was also heavily involved with researching it. + + Just imagine all of the people coming in that are also going to stick around with the Mainstream news parading going on. + +I mean it's going to have to take a Black Swan to shake people for good. Some kind of Black Swan that shakes the tree as much as Mount gox did . I'm not even sure how many people left after the Dao and went back to normal investments. I can't see people getting out of this due to boredom in the near future. But whatever. Crypto will become boring someday just like other things I guess. It's going to be getting pretty comfortable for people to leave money in it regardless of the risk. Lots of things coming down the pike I hope make it easier for people to consider it just another asset class that can be easily participated in without a whole lot of worry. Seems like it's the easiest asset class experience out there in terms of low barrier to entry.. It was for me at least. + +And if it ever becomes boring then I guess we've arrived? + +Tldr. How many of you know someone who has cashed out 100% who also consider themselves very knowledgeable and crypto to begin with? For me that number is 0. +Let's please try to elevate the discussion...... I'm not saying we can't celebrate but as we have more and more people joining this thread let's give them more substance than just HODL, Moon, Lambos and flippening.. if we can't take our selves seriously how can we expect people to take this seriously. + +I'm trying to appeal to your higher intellect and urge you to consider before posting. Is this adding any value? If someone new to ether is reading this what will they gather from this post? How does this help our cause? + +Again I'm not saying we can't celebrate but let's save those celebrations for the significant mile stones.. not every time we recover from a correction. It makes it look like we our selves don't believe enough.. I leave you with quote "the loudest one in the room is the weakest one in the room" - Frank Lucas +I think this general sentiment will help people’s mentality not only today, when it feels like the market will end up at zero, but the next time it goes on a bull run. The reason people buy as the price is rising is because they’re afraid it will keep rising forever. But any stable market, be it a stock market or a crypto market, will experience periods of rise followed by periods of recessions. When the price is going up, know it likely won’t go up forever. And when the price is falling to the floor, know it likely won’t fall forever. + +To me, this mentality is more important than HODL. The problem with HODLing, in my opinion, is it prevents you from ever accepting financial gains, which is the whole point of investing. When the market rises, if you’ve made any profit, you should sell some and be satisfied. But subsequently, when the market crashes, as it is crashing hard currently, it is prudent to remember two things. Firstly, if you are willing to cash out a portion of your gains prematurely, it’s an insurance policy against fearfully cashing out your losses when the market declines. But secondly, this is a game of odds. Yes, history repeats itself until it doesn’t, and it is within the realm of possibility that the CryptoCurrency market will completely implode on itself. But more likely, this is a period of recession that will be followed by a period of gain. Market volatility is actually a sign of a generally stable market (just ask stock brokers). So don’t panic today, but remember this feeling the next time your portfolio is showing massive profitability, and don’t forget to keep cashing out portions of your investment. There is of course a value to HODL’ing something. But in my eyes, it’s rather foolish to always HODL everything. Because best case scenario, if you sell a portion when it rises, you can always use a portion of what you sold to buy back in at a later date, and worst case scenario you end up with the lesser of two profits! Better to sell early in the green than panic sell in the red. Because in all likelihood, it won’t rise forever, and it won’t fall forever. +Fam… I know a lot are relatively new to the Market in here. Wanted you to know that historically, the 2 weeks leading up to July 4th have been down about 85% of the time. +Buying during these 2 weeks especially the last 2 trading days of June, and then selling within the 2 weeks after July 4th have historically brought gains 95% of the time. Happy Trading! +So I’ve had this hypothesis for a while now, and I’m almost certain it is what’s happening. Obviously I don’t have all the data in front of me and I only have the observed data, but I can infer that essentially Tesla every few months will undergone an “infinity” call gamma squeeze that will keep pumping the stock up. There’s been some talk on Twitter about this if you just like search TSLA gamma, squeeze, etc. so I’m not the only one to observe this. + +If you are familiar with the famous Volkswagen squeeze, it’s similar, but the key difference is instead of it being a short term squeeze, this one seems to be a more drawn out squeeze that occurs every few months. So the reason it’s notable is that Tesla holds some interesting characteristics. First, it’s call skew in options sometimes is MUCH HIGHER than its put skew. This is unique. Very rarely do you see companies where the call skew is much higher than it’s put skew. Option demand is usually on the downside for protection for big funds, but in Tesla, the majority of the option buying are OTM, upside calls. Next, Tesla at times can trade option deltas greater than share delta, which means options have a huge weight on price movement. In order to properly hedge options flow delta, a market maker would have to move the stock quite a bit. Furthermore, Tesla has a decent amount of shorts, despite being a successful stock (successful is defined as in the price move). Finally, Tesla has a ton of retail interest and despite being a 1000+ dollar stock, it has a ton of retail call options buying too. These make for a lethal combination to basically squeeze it to “infinity” with little resistance. Anyways, this leads me to what I think what’s happening with Tesla. It’s actually quite simple to understand (more so if you understand terms like delta and gamma). + +Here’s what happens. Someone starts by buying way OTM calls > force market makers to buy stock to hedge calls initially, which moves it only a bit up > release some good news > force algos who trade news to buy stock > the original OTM calls are now closer to ATM > due to gamma, market makers have to buy more stock > after seeing the initial move, now retail is piling into calls too due to FOMO > shorts are buying back stock and buying calls to hedge too > causes market makers to now desperately buy more stock to hedge > cycle repeats > stock price goes to infinity. + +Obviously this doesn’t work if you don’t have good news to release but Elon always does. This doesn’t work if no retail help you buy more calls, but everyone here will FOMO. Just go to wsb and check out the posts. This doesn’t work if there weren’t so many shorts in Tesla but there always will be who have to manage risk. This doesn’t work if some big find offloads Tesla shares as it goes up, but most are holding, including Elon. This doesn’t work if SPY tanks either due to beta, but SPY just goes up too on average. + +And here’s the kicker. Once the calls expire, the stock price won’t drop since it erases all downside gamma. Then you repeat this every few months. This is how you can get a stock easily to infinity actually. + +Now who’s the initial call buyers? No idea. It could even be Elon himself or someone related. This is what Porsche did with Volkswagen to cause the squeeze. Porsche loaded up on the calls first and then released their “news” (which was they locked up the float). The way Elon is taunting the shorts and SEC could mean he knows what’s happening too. The thing is, since all the initial person is doing is buying calls, he’s not doing anything bad. It’s not his fault that people then FOMO, market makes them rush to delta hedge, and shorts continue the call buying + share covering. The initial call buys may have started the chain, but the rest is set in motion by everyone else. + +Anyways, this means you actually can’t short Tesla. It’s just strictly -EV to do so. I bet you if you take a graph of SPY and Tesla side by side, on almost all days in which Tesla actually dropped, SPY probably dropped that day too. But there were days in which SPY probably barely went up but a Tesla shot up a ton (like today). So if you short Tesla, you would be strictly better off shorting SPY. Shorting Tesla also means paying a much higher IV in put options too and having more upside risk in short shares. The other way a short can win on Tesla is some bad news, but can you really time that greater than the times you keep buying puts? + +So yea that’s basically the story of Tesla. This stock can literally go to 2000 with no fundamental change. As long as the call buying keeps happening, this stock will chug along to infinity. + +Here’s my post a few months ago talking about this so I’ve been thinking about this for a while: https://www.reddit.com/r/wallstreetbets/comments/g3g63c/tesla_options_activity/fnr3j1d/?context=3 + +I just wanted to give a more formal post. As I also mentioned, this is just a hypothesis, but there’s a ton of evidence supporting this, and it’s talked about my others too. You can google like TSLA convexity squeeze on YouTube and someone made a video about it. I’m just adding more details to provide color. + +EDIT: This is just a hypothesis, so nothing set in stone. I can only infer things from the data. My tldr is if you are thinking about shorting Tesla, it's probably not a good relative short vs another name or vs SPY/IWM. I would not recommend buying puts, selling naked calls, or outright shorting stock. That doesn't mean you can't win shorting Tesla, but your EV on the return is probably not as high as other shorts over the Long Run. You need to time it incredibly well, and it's very hard to do. For example, during a SPY selloff, Tesla can drop a lot, but can you time the next SPY selloff? You are also paying a ridiculous IV for the puts, much higher than other names. If you do want to short and really have this urge to do so, pick a specific known event like say the earnings later this month and short it then. For the record, I'm not long Tesla (I am long other big tech though), but I'm merely trying to explain a hypothesis. Also saying "don't buy puts" is not the same as saying "buy calls", so keep they in mind. I'm not advocating to just keep buying calls either with the high IV. But saying "don't buy puts" or "don't short naked calls" is a "trade" in itself since saving money means you can use that on other trades. + +EDIT: I’m gonna add one more edit because of the last comment. This dude on Twitter literally copy and pasted my original post. + +https://www.reddit.com/r/wallstreetbets/comments/hq11ao/what_are_your_moves_tomorrow_july_13_2020/fxwedwz/?context=3 + +I explained this already on wsb and commented below but I’ll just type it here since people don’t read my comments below, given the latest post. That’s why I’m actually able to answer all the questions and expand on my post in the comments section below whereas the guy on Twitter probably knows nothing about options and just steals and plagiarizes posts. I’m not happy about this and it makes me not wanna post helpful things going forward like I have in my post history. The guy who copied this word for word is actually a scumbag who actually wants you to believe he’s some trading wizard you should follow on Twitter. +I've been putting off doing my taxes because I'm 1) a freelance contractor with a complicated income situation, 2) fearfully bad with numbers, and 3) just generally a worrying weenie beanie. But between Bitches Get Riches and TaxAct, I got it done, and I didn't owe nearly as much as I expected to, so I paid an estimate of my 2020 taxes too! + +It feels really good not to have to worry about taxes for a whole year. Now I can finally save up for a new bed! +We've been working hard to make Bitcoin adoption easier for merchants and more rewarding for consumers. Today we have Emily and Tony S. here to answer your questions, so fire away! + +[New Pricing Announcement](http://blog.bitpay.com/2014/07/29/bitpay-s-new-plan-free-unlimited-forever.html) + +**Edit:** [Proof](http://imgur.com/aB93Loa) + +We are closing this up for the day, thanks for the questions! +I’ve been DCA into Bitcoin pretty regularly for a few years, nothing crazy just a few hundred here and there. But that all changed last year when I finally dug deep and realized it’s true power. Against everyone’s advice and some common sense I pulled out my entire 401k and put it into this gift from the Gods. I’ve been trying to spread the word of bitcoin to friends and coworkers but they all looked at me as the guy with the tin foil hat. Once I told and showed them what I had done, I was no longer the guy in the tin foil hat. I was beyond that. But something interesting happened. Over time more and more of them became curious on how I would be so stupid yet so daring and risky. So they finally opened up and actually listened to what bitcoin is all about. + +Im kinda high so I don’t even remember where I was going with this post. But I never looked back after putting it all into bitcoin!! +First off, I use the term "investment rich" as a relative term. I know most people here have a lot more than I do in investments but relative to my "cash," it's significantly more. But that's good. + +I know this concept is obvious to most here but I just wanted to lay some words out for my own benefit. It's taboo to talk about savings, investments with pretty much anyone but your spouse these days so this forum is an anonymous and non-judgmental place to talk about it and it's nice to have that outlet. + +I've made some changes to my assets and allocations and this is where I'm currently sitting, at age 30. I'm now sitting at about $17,000 in cash/savings and $280,000 in investment funds between my IRA, taxable account and 401k. The rest of my networth is in real estate equity (primary house, which I have a little over $200k equity in). + +The interesting thing about this is that while we now have "a lot" of money stashed away, we're relatively cash-poor. By forcing yourself to live this way it's really easy to keep your unnecessary impulse buys and expensive habits down. I have a lot of expensive interests -- cars, watches, vacations. But with only $17k stashed in savings -- most of which is set aside for medical deductibles and related expenses in case we get pregnant soon -- I'm not necessarily in a position to go buy a new car, a new Rolex, or take an extra $10,000 vacation. + +My goal is $1 million in investments by age 40. I don't know how possible that's going to be, but even if I miss the mark a little bit and end up at $700,000 or so I'm going to be pretty happy with myself. Goal is retirement by age 55. No later than that. FIRE number is anywhere between $2 million and $2.5 million -- depending on market stability, inflation, expenses (how many kids we have), etc. at that point. + +The good news? I'm in a good position and I make a lot of money for my LCOL area (about $75k/year), and my wife has a decent job ($50-55k) in a very consistent and reliable line of work (healthcare industry). She will have her student loans paid off this month, getting her to a net positive net worth. + +The bad news? My wife has almost no investments (about $4,000 in an IRA) because she just graduated 3 years ago. She will be signing up for her newest job's 401k next month. But she will be able to dedicate the $1,000/month she was putting toward her student loans into investments, with my help on allocations. + +The good and bad news? We're planning to have a kid soon, which is great. But is a huge financial burden. But I know we can make it work. + +Anyway that's all. Sorry that this wasn't a helpful post for the rest of you guys. Just wanted to get some things off my chest, I guess. + +*EDIT* For those saying I'm not cash poor, you're absolutely right. I realize that we have a lot more in cash than your average American family and we are lucky. My intent with this post was to remind everyone of the fact that when you force yourself to invest more than you leave for other expenses, it's easier to lead a more frugal lifestyle and save money. +Im a male in my mid twenties. I have a good job and a higher net worth than the majority of people my age. I would guess top 10-20% income/NW. I have no debts. I live with my parents currently. I save/invest virtually all my spare income (I do spend some on food and pay parents for well below-market rent). + +Yet I dont understand how I can stop worrying about money. + +There is always the possibility I will be fired or laid off, whether through my own performance or bad luck. If I lose my job, I fear I wont be able to find another livable job, since companies will wonder why I would be laid off or fired (i.e. assume I'm a low performer). Eventually unemployment benefits, my savings, and all investments will be spent to support myself. Not sure what happens when the money is runs out and I cant get livable wage job. + +The only out I can see is if I somehow became financially independent, which seems unlikely until my mid 40s at minimum. I cant even imagine being responsible for kids. + +Does anyone have any idea how I can possibly stop worrying about money? I doubt I'm the only one who thinks this way. Thanks. +So I just got out of the military in the fall. I am currently going to school using the GI Bill. I have a retirement setup through the TSP. I also have eliminated my debit. Right now, things are financially stable in my life. But I feel that I am getting complacent and want to plan ahead. +I saw some stuff about a Health Savings Account and I am curious about them. I can not fully understand the purpose after reading about them.. Can someone break it down in simple terms on the pros and cons on this? Is this something I should look into when I graduate college? +How to explain this simply… +My boyfriend owns a home in NJ that he used to share with his ex. It is fully in his name but she now makes the mortgage payments. + +For context… They have a child together and she has a child from a previous relationship that he treats as his own. When they broke up, they set up a “rent to own” agreement with the plan for her to buy after two years. 3 years later none of that has happened. She has since gotten married and they’ve welcomed a baby of their own. + +The rent / house agreement hasn’t really been discussed. About a year ago she said that they were talking to an agent but nothing happened with it. + +I know he doesn’t want to do anything that would force them to move so he doesn’t press it with his ex. Plus their relationship can be volatile at times so he hates talking to her. + +We’re talking about getting married though and this feels like a huge loose end to me. It’s relationally messy. From a financial standpoint - what are my risks if we do get married? + +Any advice? +I am 25 years old and just recently inherited quite a bit of money after my mother passed away recently. + +Talking to the estate lawyer I found out my mom has quite a bit in stocks. She had most of the money in 4 major companies. + +Amazon: 1,146 shares = $3,672,242.40 +Apple: 25,784 shares = $2,966,191.36 +Comcast: 68,745 shares = $3,097,649.70 +Disney: 15,487 shares = $1,987,756.45 + +and about 10 other companies totaling a combined $1,594,392.34 + +I now find myself worth over $13.3 million. Before this I had $21,000 in my savings account. (I worked as a business analyst and still lived at home as I was saving up for a down payment on a house) I do not know much about stocks but I am using the same financial advisor my parents used. + +I feel as if I won the lottery and am not sure what to do with this money. I know there is an election coming up and I do not want to lose it. $13.3 million is enough for me to live forever and pass it down generations. + +My advisor is telling me NOT to sell anything unless I needed money for something (such as a down payment for a house) as the market always corrects itself over time. Is he telling me this so he can continue getting his 1.5% fee? What is everyone opinion on this. These seem like good companies but I can't lose what my parents worked so hard for. +Hello all. There are many posts on this sub about how well people are doing financially and I figure there will be some good insight into the previous economic meltdown in 2008 and what some think will happen to the economy as soon as covid-relief money runs out. + +Do people think the current housing bubble (American West) will burst and home prices will go back down in the next 5-10 years overall? + +Is it smart to buy a home (30-year fixed rate mortgage) right now with a higher price as long as the rates are low (My credit score is almost perfect, and some quotes right now are sub 2%) ? + +Has anyone had experience with home loans that include purchase price + funds for redevelopment or renovations bundled together? Most of the homes in my price range ($200K-300K) need some minor to major TLC. + +I know property is always a good investment, but I'm wondering if there will be a better time to get into the market in the near future, due to the enormous economic impact of covid-19 on the US economy and the fact that many current home owners will likely be sent notice of evictions if the current ban is lifted (likely 2021 or 2022). +Hi all, I often see finance gurus suggesting saving 20% of your GROSS income for retirement. I’m curious what this means in terms of pre-tax/post-tax dollars? + +If i make 100k and my wife makes 50k, 20% of our gross income is 30k. If I save 10% into my employers 401k that’s 10k plus their dollar for dollar match of another 10k. And my wife and I each save 6k into our own Roth IRAs for a total of 12k. So in total we are saving 32k per year. This is more than 20% of our gross income, and includes post-tax dollars for our Roths. + +I know each persons situation is different but I’m mostly curious about when people say “save 20% of gross income”. +Just opened a Charles Schwab IRA account. Currently under the income limits and looking to set myself up the best in the future. I’m a fed and maxed out 2021 for my traditional TSP and contribute $789 per pp to max out 2022 so looking to benefit from a Roth IRA. I was about to make my first transfer into the account but see I can elect what year for contributions. Is there any benefit to doing contributions for 2021 through the April deadline? Or should I just do 2022 and max out. For planning purposes I’m budgeting $500 each month and a little more the months with 3 checks to reach $6,000 by December. TIA! +I am 25 years old and just recently inherited quite a bit of money after my mother passed away recently. + +Talking to the estate lawyer I found out my mom has quite a bit in stocks. She had most of the money in 4 major companies. + +Amazon: 1,146 shares = $3,672,242.40 +Apple: 25,784 shares = $2,966,191.36 +Comcast: 68,745 shares = $3,097,649.70 +Disney: 15,487 shares = $1,987,756.45 + +and about 10 other companies totaling a combined $1,594,392.34 + +I now find myself worth over $13.3 million. Before this I had $21,000 in my savings account. (I worked as a business analyst and still lived at home as I was saving up for a down payment on a house) I do not know much about stocks but I am using the same financial advisor my parents used. + +I feel as if I won the lottery and am not sure what to do with this money. I know there is an election coming up and I do not want to lose it. $13.3 million is enough for me to live forever and pass it down generations. + +My advisor is telling me NOT to sell anything unless I needed money for something (such as a down payment for a house) as the market always corrects itself over time. Is he telling me this so he can continue getting his 1.5% fee? What is everyone opinion on this. These seem like good companies but I can't lose what my parents worked so hard for. +As the title states - I’m thinking of selling my car that I bought used a year ago, for a car with a far lower payment. +Last year I had a sales job that allowed me to make about 10k on average. While at this job my old car bit the dust and I picked up a car with about 20k miles for about $29k. Not an issue at the time because I was making good money. + +Fast forward to now - I am no longer with that company because it was very demanding on my mental health - instead I’m back at an old position as a restaurant manager making about $2300 a month. + +My car payment + insurance = about $500 monthly (about 25% of my income.) Can I do this? Yeah sure, it’s not breaking my bank but I live less than a mile from my work and hardly go anywhere on my days off. It’s a reliable car and I love it - but I can’t help but think that I could be putting more money in savings and be completely happy with an older car. + +I still have $21k on the loan, And I do have the option of refinancing, although I’d like to see my score go up a little before I do this. I also threw money at the loan early on and the monthly payment doesn’t reflect that yet - I talked to my loan provider and they said they can adjust it to how much of the principal I’ve paid. + +I guess this is a question for those who know anything about cars in relation to todays economy. Is it better for me to keep the car? I know it’s really hard to get cars these days but I’m not really sure what I should do. Any insight would be appreciated! +This isn't the "bursting bubble" we were all told about. Nothing has changed. Why did you invest in ether in the first place is the question. I personally believe in the underlying technology. Was this your motive? Or was it immediate gains? Crazy returns? + +Has the technology changed? No. +has the vision changed? No. + +Those who bought in for the underlying tech wouldn't give a rats ass about the price today, and neither would I if it dropped to a single dollar. Why? Because I believe in the underlying technology which hasn't changed. I'm holding > 50k in ethereum and BTC and I'm confident that YEARS from now, my patience will pay off. + +If you bought in because of hype/crazy returns, this is when you begin to panic and lose your sanity. If you bought in for the products enormous potential, you'd still sleep well tonight. + +Smart money always trumps dumb money at the end of the day. Remember, the greatest investor in the world isn't a day trader. He picks stocks based off quality in the underlying product and not off anything else. Emulate buffet at the very least. +Toyota pushes into blockchain tech to enable the next generation of cars https://techcrunch.com/2017/05/22/toyota-pushes-into-blockchain-tech-to-enable-the-next-generation-of-cars/ +Hi guys, I researched this ICO a while back and am pretty bullish about it. So I wrote a summary and am looking for your guys insight :) + +&nbsp; + +Walimai is releasing WaBi tokens on their ICO. WaBi is a product focused around building a safe retail channel to combat the fake products that plague Asia. Blockchain technology is used in combination with RFID tags that guarantees that the product is real. If the seal breaks the blockchain registers that it is a no longer a genuine product. + +&nbsp; + +The market for these products is obviously huge, because people are willing to pay a lot for genuine products such as babyfood, and alcohol. This is where the WaBi token comes into play. The WaBi tokens are used as payment for the Walimai protected products. Paying with WaBi grants additional benefits: discounts, improved delivery terms and bonus WaBi points with every purchase. This can all be done by using the Walimai mobile app which is available to the Apple store, Google play, QQ store and Baidu app store. Coins can be obtained by consumers through the purchase of Walimai protected products or by participating in other marketing activities. The problem WaBi Is trying to solve is about the 461 billion USD of imported fake goods that are in circulation globally. In China there have been numerous scandals about fake food products. to give a few examples there are fake eggs, fake alcohol you name it. + +&nbsp; +Now lets get to how they want to solve this problem. +&nbsp; + +The Walimai label is applied at a designated ‘point of origin’ along the supply chain. This links the product with its digital representation on the blockchain. This will contain the Encrypted unique ID , the Dynamic Code and the Geographical Data after consumers have scanned the item with the Walimai app. This also means that a set of digital objects is stored in the cloud and that data from consumer scans are checked against their digital state. Digital and physical objects are constantly synchronised and products with the Walimai label are sold on a known location. Consumers scan the label with the Walimai app and find all the data in there again, while updating its state. + +&nbsp; + +Now this is where it gets more interesting; +&nbsp; + +WaBi actually already has a working product and has done trial sales already on JD.com. +JD.com, a chinese website with 370million monthly visitors, has even contacted them to ask how they got such a high customer return rate. The moms, that they are targetting to sell verified safe babyfood to, are very happy with WaBi. Wabi is managed by an amazing team, the CEO has worked for McKinsey and the team has years of experience in supply chain management and the infant food industry specifically. This particularly shows when the business model is explained. The biggest problem all companies face when trying to implement anti-counterfeit measures is that raising the expenditure for packaging is not seen as acceptable. changing the supply chain is a horrendous experience which results in most companies to just choose a QR code. However, time after time it has been proven that QR codes can be faked. The Wabi team therefor builds a B2C channel instead of a B2B channel and leverages the great demand for safe products to lure retailers to join the platform. + +&nbsp; + +it is also worth mentioning that there are some seriously interesting advisors on their team that have worked with MasterCard, Goldman Sachs and even Alieexpress. +&nbsp; + +In the PRE-ICO $300,000 worth of tokens were sold at $0.03 each. WaBi has offered to buy back these tokens at the ICO-price of 0,25 USD. Considering WTC was 0.653 cents during the ico offering i believe Wabi could at least pull a x10. + +&nbsp; + +This means that WaBi sold during the PreICO will be either locked up for 3 or 6 months after the ICO (for 5% or 10% bonus respectively, out of founders’ token allocation) or bought back by WaBi Project at 25 USD cent per WaBi after the ICO and before the token is placed on exchanges. This is to prevent a dump from happening upon becoming available on the exchanges. + +&nbsp; + +8M tokens will be distributed among the founders, team members and bounties The remaining 35M tokens will be reserved for the mining process such as purchasing Walimai protected products. WaBi starts being traded on exchanges shortly after the ICO and has said to get on exchanges that investors find the most convenient to use. In total WaBi is looking for 11,5M funding - which is considered to be very, very low. + +&nbsp; + +In comparison to other RFID projects, such as WaltonCoin or VeChain, WaBi truly shines. Both of these projects don't have a working product, and even work with an active chip. This means these products cannot be used in bad conditions such as freezers. Even though they are both in the RFID business; these three cannot truly be compared. WaBi is B2C, meaning they target customers. WaltonCoin for instance, is B2B, meaning they target business to business supply chains. It should be mentioned here that WaBi has actually tried Business to business (b2b) before, but have experienced first hand that this does not work. + +&nbsp; +Let me know what you guys think about the team ico etc and future price prediction. + +The Agenda for the 10am (EST) dev meeting [here](https://github.com/ethereum/pm/issues/17) says that they are looking to approve a reduction in the issuance of ETH. So... time to buy, as in RIGHT NOW?! Or will this have no effect on the price? +Antshares is heralded as the Chinese Ethereum. They are rebranding in Q3 as NEO, which alone, helps the appeal of the platform. + +If one thing is for sure, China knows how to pump up an asset price. Anyone think this is credible threat to ETH? Will ANS beat ETH to the flippening? Don't underestimate China's ability to run wild. +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I noticed the suicide hotline number being the most upvoted post and I must request this remain pinned for the week following the recovery. + +I think people will be at highest risk of suicide after they panic sold and realize that crypto recovered fully in a very short period of time, even perhaps reaching new all time highs. + +HODL. +Thanks to tens of thousands of individual investors an American company has been saved from an attempted forced bankruptcy. + +Now that company has over a billion dollars on hand and are poised to be the leader in the next generation of video gaming (one of the biggest markets on the planet). + +Never lose sight the short sellers didn't want to make a bit of money. No. They wanted it all. And they wanted everyone else to lose everything. + +And this isn't the first time. This is their way of doing business. They are a parasite on society and they wouldn't stop or feel remorse for a second. + +They don't care about anyone but themselves. They think it's just a game to take everything + +But this is where the game stops. + +Buy, hold, drs, vote. + +Power to the players. +&lt;speculation&gt;I believe GameStop went on the offensive to flex before Cohen spoke with the SEC (based on the tweet of the GameStop location nearest their headquarters). They promised him his pound of flesh and GameStop is hodling until it’s time. &lt;\speculation&gt; + +This is the longest break they have gone between press releases this year. For a while, every week they launched bullish news in a release. Even this week, apes across the world can now access the GameStop web page. No release. They are hodling things in until it’s time. Bullish as fuck. +Hi there, + +I am having a frustrating time in the dating world a little bit, especially when it comes to finances. It scares me to go into relationships and marriage in the future because of the past experiences. + +To give you some examples as a guy: + +- I generally seem to meet girls who are educated and good earning BUT they have no clue or no interest in savings. +- The girls will quite casually spend every day £10-20 on breakfast, lunch, coffee etc. +- On top this regular dinner and drinks out which might cost £30-50 a pop x days each week they go out. + + +As a guy I am saving to: +- Buy a home to raise a family in the future +- Save in case there are rainy days and I have to rely on my savings +- because I don't see the value in buying £2-3 croissants, £20-30 dinners, £5 lunch small tubs because most of the ingredients to make it are sub-standard. I'd rather buy £10 grocery shopping which is enough to feed me for the whole week if I cook properly. Plus it's nutritious. + +My problems are the following: +- Because of the above when I am dating I try to be a little balanced, do things my partner enjoys but also enjoy the way I like doing things. Sometimes I fall into the extreme of doing it my way which means my partner feels it's unfair because they like doing it the other way. I forget to compromise is what I am trying to say. I am trying very hard to remember this. + +- Eventually it seems women don't like frugality or savings because it limits life experiences? What's the balance in making the other person happy? + +- The women I date are educated but seems like they rarely think about saving and give thoughts to the idea of why it might be good to save for the future. + + +I am aware that not all women/men/the opposite sex is like this. In the above I give female examples because that is who I date. But it seems like a re-occurring pattern when it comes to dating/relationships/marriage etc. + +So my question is, how do you live with a spouse/partner/gf-bf-date who doesn't manage their finances maybe as well as you? +My SO is registered permanently disabled with deteriorating mobility issues and unable to work. She has 1 child from a previous relationship who spends about 50% of their time at our place. The house is solely in her name. She has nothing saved as a consequence of her prev relationship. + +I earn ~19k and have ~30k in savings. I have a back problem that stops me being able to take extra work that involves any lifting or standing for long periods of time. I also don't have a huge amount of free time to do extra work as the bulk of the housework falls to me and is slow going with my injury. + +I have been through the flowchart and we are doing well by that standard. No other debt, 6mo emergency fund, I pay into my pension (company matches contribution up to 3%), have a small amount invested (regular and crypto), and I can put a small amount (~£50/mo) into savings, but I have no idea where to come up with the kind of cash needed to clear this. The mortgage is interest only as we cant make the monthly payments. + +Our home is in a great location for work, school and family/friends, has mobility assistance adaptations in place, and is where we have lots of great memories. I really don't want to lose the house. Any and all help is welcome. + +Thanks in advance. +So we lost my grandad last year and my nan is quite lonely living in the 3 bed semi she owns. She has a friend that lives in a retirement living complex just down the road, and has her heart absolutely set on moving into a 1 bed flat there. I get her reasoning as there is a communal area and people always around to chat to, it sounds much better for her mental health. + +The questionable part is the financials. She originally had a deal on the table where she would be left with £100k after sale of her house and purchase of the flat including move costs etc. This was back in July, but the people buying her house didn't have 3months of payslips so made her wait until now. Well now we have the financial downturn and with rates having shot up her buyers have said they need to knock 10% off the sale price because that's all they can afford. The company that owns the complex have tried to soften the blow a bit, but ultimately she is now looking at a deal where she would be left with 70k. + +My mum and I are telling her that this deal is no good, which she doesn't want to hear. Our main worry is that she will run out of money...the flat is leasehold and subject to combined ground rent and service charge of roughly £7k per year. This currently puts a limit of 10 years on her time there before shes run out of money, but if she ever needed to go into a care home that money will disappear even faster. + +Whenever we talk to her about the money side of things she a) can't remember the figures and says "it's all monopoly money to me"...she thinks she'll be rich after moving, and b) she thinks pension credit would pay for a care home...I've checked and the most she would get is around £200 a month, nowhere near enough for a care home. All she cares about is moving, and recently she's been getting worked up about losing the flat because the retirement company's sales people are telling her she needs to take the deal as her buyers are looking elsewhere. Sales ploy if you ask me but she believes every word they say... + +Wow that's a wall of text, apologies! If you've read this far, am I worrying over nothing? Would love to hear if you've had similar situations too. + +TLDR, worried my nan won't have enough money to live the rest of her life comfortably after moving into a retirement living complex. And that she doesn't understand her own finances. Am I worrying over nothing? +My mother (64yo) appears to be approaching or already have Alzheimer's, dementia, or some other mental issue reducing her ability to manage her day to day life and keep herself safe (she can’t remember if the grocery store is a right or left out of her driveway anymore). + +1) are there any resources available for me and my sister to start researching in-home care or nursing-homes to help manage her day to day? Or are there other options? + +2) She is clearly unable to manage her financial life (and safety). Are there are any resources out there to support the financial management and safety of someone in her condition? + +Thanks. + +(Carolinas if locality matters) +To add, it is part of a chain and run by a family. I also work part time. + +Im assuming they're not doing anything wrong otherwise they could get in a lot of trouble. I'd just like to know why my wage is what it is. + +Edit: I've been working there for 2 years for those who are asking but I dont think that matters as others are saying you're still a junior until the age of 21 and so get less pay. + +This seems like its correct so thanks to everyone who replied and for answering my question in about half an hour. +I'm 27, saving up for my first house and have been interested in personal finance for the last couple of years. + +I just wanted to ask this community (whatever your age, experience or knowledge), what is your best advice regarding personal finance? It could be something you were told by someone else or something you've done or wish you would've done sooner. + +Post your answers below! Your comment could help others :) +I spotted this [article](https://community.freetrade.io/t/how-to-be-a-great-stock-investor/5315) on Freetrade. I didn't know they had a forum. + +If you can ignore the emojis, it's a solid read. + +The quick take-away is that there is no guaranteed way to be have investing success, but there are ways to improve your skills and maximise your chances: + +1. **Diversification**. "By reducing your exposure to any particular stock or industry, you reduce your vulnerability to the unpredictable and predictable problems any company can face." +2. **Invest in what you know**. This is the reason I'm posting this here. I quite like the ‘*Circle of Competence*’ idea. Due to your career or background, you build up knowledge of certain sectors or markets. I'm from Lithuania, not much to talk about, but I'm into gaming, so I'm in the loop of what new titles are released, etc. I can use this to inform my investing. +3. **Emergency cash fund**. "Having your money in a cash savings account will currently earn you next to nothing in interest (you may even become poorer when you consider inflation), but it means you’re covered if anything unexpected disrupts your income." +4. **Don't get spooked by short-term volatility**. The stock market rises and falls daily. I regret a few stocks I sold that went on to do well shortly after. I think media has a role in this. Too much is discussed about short term price changes. +5. **Set realistic expectations**. If I had invested into company X just Y years ago, I would have made 20x return. True, but I would've never chucked enough into an AIM listed company or a startup on Seedrs or Crowdcube to make a difference. On average, the blog suggests returns of 6–7% annually are a good benchmark. Not sure if everyone agrees. I started investing in the bull market, so I might have unrealistic expectations. + +That's all. It's only #2 that was really new to me, but it's a good couple of tips in general. +I just learned that 24hour has stopped providing towels. I found this petty and insulting and spoke to the membership staff about. Canceling. They said that they are waiving the penalties for ending the contract because this constitutes a “loss of amenity “. Might be a good opportunity for anyone wanting to cancel for any reason. + +EDIT: I'm so glad y'all are interested in this discussion. It's fun to participate. I have some responses to common themes in this thread: + +- There's a reason I thought to post in this sub. Regardless of the fairness of this policy or choices about exercising, there's many people who would like to cut the monthly expense of a gym membership but either can't or don't because of the cancelation fees. I found an opportunity to get out of that. Whether people cancel because of lack of motivation to exercise, or because they recently lost their job and need to go into austerity mode, they might be glad to know this. + +- Regarding the discussion of exercise and lifestyle, I find the HomeGym stuff the most appealing. When I imagine the best version of myself, it is with a kick ass home gym that I use to the max. I think this is the ideal scenario. All of the reasons people give for not pursuing a home gym: cost, motivation and the public/social aspect also have a lot of merit. + +- Furthermore, I haven't cancelled. I asked the questions and received this answer without equivocation. Then I thought to spread word of this work-around. I probably won't cancel and continue to hope and strive for better fitness habits and gym attendance. + +- I was annoyed. Calling it "insulting" is a description of the nature of my annoyance and may be an overstatement. I do think this is an obvious example of corporate corner-cutting, but I probably got more worked up than necessary. + +- That being said, 24 is definitely McGym and it's totally fair to criticize them for stuff like this. Y'all are right, local, privately owned gyms are way cooler and actually give a damn about their members. Though they often cost more, which is direct result of the fact that a higher percentage of their members actually attend, which is a direct result of the fact that they actually give a damn about their members. +*I promise to get to FI-specific stuff, but it will take me a while to get there, and that’s probably because I’m long-winded* + +I am a fairly risk-averse person. I suspect many people here are too, after all a major aspect of the appeal of FI is the security that it offers (e.g. the freedom of not having to worry about how the rent/food/utility bill is going to get paid next month— a huge relief from something probably 99% of people in the world have to think about with some frequency). I was taking a look at my investments the other day and thinking about asset allocation. I have a collection of index funds, mostly stocks with a dollop of bonds. I mostly took this allocation on advice from reading books by people smarter than me. A part of me thinks, golly, there’s a lot of risk in that portfolio. I turned 30 not too long ago so my entire investing life has been one long expansion. I hear about how this is one of the longest on record. I see things like the valuations of stocks are historically high using measures like CAPE10 and P/E. I start thinking maybe I’m taking on too much risk, how do I really know what I can handle when the going gets tough? Maybe I need more bonds? But then I consider that the government bonds I’d like to buy pay almost nothing—or I essentially pay for the privilege of holding them after inflation. Investment grade bonds? Not much better. + +I feel forced to keep going up the ladder of risk to see potential returns that make investing seem worthwhile if I’m going to have to deal with things like 50% drops every now and then. I am not sure what to do. Maybe I need to find some other, better asset class like real estate, commodities, high dividend stocks? In other words, maybe I can somehow get more return without so much added risk or sky-high prices? I start going down rabbit trails, and soon I’m pretty sure I’m straying into parts of the investment world where I’m the sheep and the people talking are not. + +I then ran across this CNBC interview of Warren Buffett: https://youtu.be/Pqc56crs56s + +Around the 32 minute mark, Buffett throws out a comment that catches my attention about how he would bet on stocks over bonds over 10 years, interest rates govern everything, maybe we are entering the world of Japan in 1990, stocks might wind up looking cheap, although he notes that these extended low rates (which have only gotten lower recently) haven’t been the historic experience of the U.S. + +I’m no expert, so I didn’t initially understand what he meant, and I couldn’t find anyone else who commented on this unusually specific prediction from someone generally recognized as probably the greatest investor today. So I did some research and I think I at least partially understand, so I’m going to explain it like I would to a kindergartener (or myself about a week ago). Here goes and correct me if I’m wrong: Looking at how investments are valued mathematically speaking, such as a stocks on a dividend discount model, one of the variables is the required rate of return, which is very closely linked to interest rates. If I can buy a very safe government bond that pays 5%, why would I buy a riskier stock that only pays that same 5%? I would require a much better return, let’s say 10% (fairly close to historic U.S. stock returns). Now let’s say that you get 0% on that same, very safe government bond. That 5% that wasn’t good enough before, now looks pretty darn good. In fact, you get the same extra 5% yield over a safe bond (10-5=5-0) as when you could get 10%. It seems almost like the financial equivalent of throwing a few beers back at the local bar: you’re feeling pretty good, your inhibitions for everything are lower, heck maybe you’ll say something to that nice Vanguard fund over there after all... + +Anyway, that’s why interest rates are so key. Now in Japan, starting around 1990, I understand that consumer prices started to decline (deflation) and interest rates have been very low or negative for an extended period of time. If the world starts looking more like Japan, if investors can really expect minimal or negative real return on government bonds for the next 10+ years, then it makes sense to pay a historically very large premium for assets that can yield more. In other words, if there were a blue chip stock that (a) sells for a steady $100 per share and (b) very reliably produces $10 worth in returns annually (or 10%), but all I want now is a 5% return, then I should theoretically keep buying that stock until it hits at least $200 for the exact same $10 of return. Across a whole economy, I think that means you would expect to see significantly higher prices for investable assets like stocks, real estate, etc. (Side note: would you see higher wages too? I.e. paying more for the same revenue that human capital would bring to a company? Not sure about that.) + +So anyway this line of thinking has carried me back to where I started: probably going to stick with my stocks and a dollop of bonds for now. But it got me thinking that if this Japan 1990 scenario is true, then maybe we are all in for a period of paying vertigo-inducing prices for almost every asset needed to FIRE, or more likely it will take longer than before because we would end up getting less return for the same cost. Everyone will be staring at that ladder of risk I was talking about, making increasingly harder choices about how much risk they can (or are forced) to take on. People that have financial assets will be in good shape but the net buyers of those assets, people looking to build wealth for FI, would likely face a riskier or longer path than those who already made it. + +For instance, I remember reading Your Money or Your Life, the book that first got me thinking about financial independence, and I think it recommended investing primarily in Treasuries. If you do that when treasuries don’t yield anything, then you are basically just having to save 100% of your retirement/FI account out of your income. On a normal salary, that approaches the impossible. Earning a typical $50K a year over a 45 year career is just over $2 million TOTAL and of course you have to live off of that amount. Forget a SWR, you’d have no choice but to draw down principal and hope you don’t run out. + +I still think it’s all worthwhile, but that scenario could disappoint a lot of people who look at FIRE through the lens of expectations from the post WWII period. Maybe if people’s wages go up while consumer prices go down, that might soften the blow quite a bit, but I don’t understand if that would happen in such a situation. As far as I know, Japan for example does not have unusually high salaries or cheap COL. What do you think? + +TLDR: Should I keep buying VTSAX? + +Edit: Thanks for everyone’s comments so far. I did want to mention I was aware of the bubble and crash in Japan (though I’m learning more about the extent!). I left that part out of my article (admittedly a big omission when talking about 1990s Japan), because I wonder if we could see similar conditions to those experienced in Japan in the 90s— but maybe without the same exact cause that created those conditions in Japan? + +In other words: what if we experienced persistently low interest rates and Japan-style low inflation or even deflation over a long period (for whatever reason— maybe because of central bank policy, slowing population growth, slowing innovation, low productivity growth, collapse of a bubble, you pick your poison)? What if any future returns were just way more expensive to obtain for a good chunk of the time I’m piling up assets trying to FIRE? What if, instead of a bubble, those high asset prices are a rational response to persistently low interest rates compared to expecting historic interest rates and returns to prevail? How would that impact people’s ability to FIRE? If you couldn’t count on 7%+ average returns while accumulating assets, would you keep the exact same FIRE plans? Could you even get there? Would you cut back and save more? Adjust your investment plan/asset allocation? +So I know that the VAST majority of people in this sub are trying to retire as early as sanely possible, or simply build a comfortable nest egg so they won't have to worry about money. + +But is anyone on here envisioning retiring with more than 10 million? Does anyone here want to live a life of luxury and the opportunity to live a solidly upper-class lifestyle? Does anyone use FIRE financial principles to continue going once you've reached FI? Is anyone here pursuing FI so they can take the risks that can push them into the superrich? + +If so, how do you envision pursuing this goal? Where do you see yourself when your old? What's your FIRE number? + +I hope this doesn't get downvoted. I know that this is orthogonal and un-orthodox for this sub. There is nothing wrong with wanting to FIRE as early as possible, or living a middle-class lifestyle. I'm just wondering if anyone fits in the above criteria. +My mother in law is in her early 60s and has a 20 year Term Life Insurance that is expiring in 2 years. + +She wants to get a new policy to gift the payout to her adult children when she passes. My wife, her brother, and myself are all in our late 20s/early 30s and are financially stable and don't "need" the money. But my MIL wants it to be a "last gift" to leave for her children and to pay off her after-death expenses. + +Her rate options include: + +Term Life Insurance at $372/month for 25 years for a payout of $300,000 + +Term Life Insurance at $608/month for 25 years for a payout of $500,000 + +Is this a smart financial decision for her? What are the things we need to consider? + +EDIT: What about for whole life insurance? Could anybody provide some more detailed explanation so that I can convince her it's a bad idea? She also thinks that this is a viable "investment strategy" because she was told she could get a ~6% return +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/xxh13d) 🎃🐦 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +I sometimes go to kids birthday parties and instead of a gift or even just a gift certificate, I'd like to gift them some sort of investment. Maybe a way to start a college fund since I know the family doesnt have much money. Years ago you could just give a US Savings bond. Any ideas? +El Salvador (a country that uses USD as currency) declaring Bitcoin legal tender flies directly in the face of the federal reserve, modern monetary theory, and is another crack in the USD facade as the world reserve currency. The FUD, misinformation, and downright hostility towards Bitcoin is about to get intense. The world needs hard money, the world needs financial inclusivity, the world needs Bitcoin. Stay strong my friends, you’re building a better future. + +‪Edit: Nayib Bukele tweets + +“Some powerful interests will try to make this historical #Bitcoin move fail. They know what it means if it succeeds. It will.” +My brother has tasked me with finding a decent whisky company to invest in new pour casks as a long term investment. + +I have no idea where to even begin, can anyone recommend a reputable company? I know there are loads of dodgy ones and don't want to get stung. + +If anyone could even point me in the right direction to do some research that would be hugely appreciated. +My brother has tasked me with finding a decent whisky company to invest in new pour casks as a long term investment. + +I have no idea where to even begin, can anyone recommend a reputable company? I know there are loads of dodgy ones and don't want to get stung. + +If anyone could even point me in the right direction to do some research that would be hugely appreciated. +Just noticed it today - and it still shows up as BETA - but it appears to have all of my TransUnion report data. + +Looks like it will update every time you update your score through the site (possibly every week). There's a drop down for which "Report" to look at of all of my past updates. + +**EDIT**: US only. Sorry. Also: http://www.creditkarma.com +You forget the reason we invested in this thing: The incredible technology and innovation this is bringing to the world. This isn’t a day trading venture, this a long term investment. HODL. +Thomas Boone Pickens Jr. (May 22, 1928 – September 11, 2019) was an American business magnate and financier. Pickens chaired the hedge fund BP Capital Management. He was a well-known takeover operator and corporate raider during the 1980s. As of November 2016, Pickens had a net worth of $500 million. + +Before his death, Pickens wrote his last words to be published on LinkedIn by his foundation after he passed. + +The entire post is much longer, but below is the key excerpt. In it, Pickens lists his secrets to success and building wealth: + +– A good work ethic is critical. + +– Don’t think competition is bad, but play by the rules. I loved to compete and win. I never wanted the other guy to do badly; I just wanted to do a little better than he did. + +– Learn to analyze well. Assess the risks and the prospective rewards, and keep it simple. + +– Be willing to make decisions. That’s the most important quality in a good leader: Avoid the “Ready-aim-aim-aim-aim” syndrome. You have to be willing to fire. + +– Learn from mistakes. That’s not just a cliché. I sure made my share. Remember the doors that smashed your fingers the first time and be more careful the next trip through. + +– Be humble. I always believed the higher a monkey climbs in the tree, the more people below can see his ass. You don’t have to be that monkey. + +– Don’t look to government to solve problems — the strength of this country is in its people. + +– Stay fit. You don’t want to get old and feel bad. You’ll also get a lot more accomplished and feel better about yourself if you stay fit. I didn’t make it to 91 by neglecting my health. + +– Embrace change. Although older people are generally threatened by change, young people loved me because I embraced change rather than running from it. Change creates opportunity. + +– Have faith, both in spiritual matters and in humanity, and in yourself. That faith will see you through the dark times we all navigate. + +Sauce: [DumbWealth](http://www.dumbwealth.com) +Ether is starting to rise again, can we sustain some gains after that long fall from $15? I think we just might! VB speaks in London on the 19th (I believe), wonder if anything interesting will be said. Unrelated to London, is Coinbase going to come around to Ether or what? It is about time they do. +*Disclosure: I have lots of Ether and when it goes up I smile. +Hi guys +I haven't looked at Reddit for a while, but it doesn't mean i didn't look at the market. +I had some personal objectives which alas i've not all finished but at least its been moving forward. + +As for Alttrading, well you know there is no secret, when you spend less time looking at the market you miss info, (the main info being looking at charts and price action) and you miss trades. +I had set a mental stop loss = add to ETH positions on a break of 13.5 EUR which of course i never executed, because i didn't even my EUR ready anyway to transfer and by the time i could have don e it was 18 which wasnt too late, but thats life... + +anyway i was still long from when i still last posted, which was 1 day after the LOW was hit, my buy level was just below 9 EUR. Today, i am scared and sold it all. + +I am not saying the market will collapse. i am not saying ETH will NOT go to 100 USD. Maybe next week, after all at the pace its going up, it would be there next week !!! + +However you know guys there is a time to buy and a time to sell, one never buys at the exact low ( i missed it...) nor sells at the exact high.... i am happy to make more than x4 in a 3-4 months, there seems to be a new crowd of enthusiasts good luck to them. + +RSI is as stretched as you can, 90 on the weekly. thats not a sell signal or reversal signal per se. i was thinking first more something like 70-80 usd target a x10 growth from the low which is the same order of magnitude than previous big rallies in BTC or ETH. i also see those moves in log scale. if something does x8 =2*2*2, if you make x4=2*2 and miss x2 more you are not an idiot, you've made 2/3 of the moves which any experienced trader can tell you its a good performance. + +All i can say is that the risk/reward in being long at the current levels doesn't look good at all to me. i am taking my chips out and be happy to buy back if the market dips again. + +I can see a scenario where BTC is making currently a bearish divergence on the weekly chart which puts the price target at 730-815 EUR range. (2 STD lower boll). i think ETH/BTC can extend gains to 0.05 or 0.06 in the short term but the fiat valuation is stretched. + +ive also sold my XMR today. i regret this one a bit more because the chart looks better and i sold at a wrong level (todays low). but remember i bought it almost 3 times cheaper so hey no problem taking profits here too... + +I believe there will be opportunities again for the patient trader. See you guys... +I'm a believer in Ethereum and want to invest a portion of my savings into its future (e.g. buy ETH). However, part of my fascination with Ethereum are sub-systems built on top of it, such as ZRX (https://www.0xproject.com) and GNT (https://golem.network). + +From an investment perspective, I have a budget for the amount of my savings I wish to invest into Ethereum, ERC20 tokens, and Ethereum-based innovations. However, I'm trying to understand if I should invest solely in ETH or if I should literally divert some investment away from ETH and into ZRX and GNT instead. I can understand someone saying "buy both" but I don't want to divert investment away from ETH unnecessarily if the value of ETH will reflect the value of sub-token economy growth. + +My natural inclination is to invest purely in ETH, as it's simpler for me and feels more 'diversified'. I view it like investing in Nasdaq instead of Apple and Tesla. However, I wonder / fear that the value of sub-tokens like GNT may be completely independent of ETH? + +For example, today 1 ETH is worth 408 GNT. Over the years as Ethereum-based GNT grows in adoption and value, will GNT's rise in value also increase the value of ETH (perhaps by a 1:200 or 1:800 ratio but still somewhat proportionally) —or— are the values decoupled in such a way that perhaps one day 1 GNT will be 408 ETH? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I'm a believer in Ethereum and want to invest a portion of my savings into its future (e.g. buy ETH). However, part of my fascination with Ethereum are sub-systems built on top of it, such as ZRX (https://www.0xproject.com) and GNT (https://golem.network). + +From an investment perspective, I have a budget for the amount of my savings I wish to invest into Ethereum, ERC20 tokens, and Ethereum-based innovations. However, I'm trying to understand if I should invest solely in ETH or if I should literally divert some investment away from ETH and into ZRX and GNT instead. I can understand someone saying "buy both" but I don't want to divert investment away from ETH unnecessarily if the value of ETH will reflect the value of sub-token economy growth. + +My natural inclination is to invest purely in ETH, as it's simpler for me and feels more 'diversified'. I view it like investing in Nasdaq instead of Apple and Tesla. However, I wonder / fear that the value of sub-tokens like GNT may be completely independent of ETH? + +For example, today 1 ETH is worth 408 GNT. Over the years as Ethereum-based GNT grows in adoption and value, will GNT's rise in value also increase the value of ETH (perhaps by a 1:200 or 1:800 ratio but still somewhat proportionally) —or— are the values decoupled in such a way that perhaps one day 1 GNT will be 408 ETH? +Hi UKPF. My partner and I recently got married, it was bloody expensive, worth every penny but it’s rinsed us both pretty good. +I’m a PhD student due to submit in a few months, with a job lined up for the end of October so right now income isn’t great but I know this is only temporary. +Right now we both have slightly eye-watering credit card bills that we can’t easily immediately cover. We’ve never not paid CC’s off in full before, wondering how bad this would be for us if we left a bit on there for a month or two (still paying well over the minimum repayments). +We could use some money we’ve been gifted as wedding gifts to pay ourselves out and write an IOU to ourselves knowing in 2 months our situation will have improved again. +Alternatively I think we could get a balance transfer CC? But this isn’t something either of us has done before. +"According to the Economic Policy Institute (EPI), which looked at the state of American retirement in a 2016 report, the top 1 percent of families had $1.08 million or more saved in 2013." + +"The 90th percentile family had $274,000 saved, and the 80th percentile family had $116,000. Meanwhile, the median working-age family had only $5,000 saved in 2013." + +Article: +https://www.cnbc.com/2017/07/31/how-much-richest-americans-have-saved-for-retirement.html +Hey everyone, + +&#x200B; + +I am 27 years old. I am living in a really cheap apartment cost $500/month + internet. I have a $240K net worth and growing. I make $80K a year + benefits. My only real costs besides rent is traveling which I do cheaply every 3-4 months. My net worth breakdown is this: + +&#x200B; + +* $80K in 401K a S&P 500 Index Fund +* $50K in my bank account +* $50K in a Vanguard Total Stock Market Fund (VTSAX) +* $30K in Berkshire Hathaway Class B Shares (BRK.B) +* $30K in American Towers (AMT) + +&#x200B; + +Please help in anything I may want to do/get into to increase my net worth. I am trying to get into financial independence by my late 40's ealy 50's. +Literally people crying about buying at 19 while it is at 18.14 currently. + +Are you retarded? If everyone agrees this is a long term play, buying at 12,15 or even 20 doesn't matter. Either this is going to be something or not and the few dollars more or less won't matter shit. + +I see people making prediciton of it reaching easily 300 but in the next sentence writing buying anything under 20 is good... Bitch if you are convinced it reaching over 100 than even buying at 50 is great.. +Recession will end around mid 2024. Then, Elon will dump again. If the recession ends quicker, he will dump sooner. + +Every bubble eventually bursts. + +It's not a matter of IF he will dump, it's a matter of WHEN. + + +https://www.forbes.com/sites/nicholasreimann/2022/12/22/musk-promises-not-to-sell-more-tesla-stock-but-hes-broken-vow-before/?sh=5da98b1a5266 + +Tesla CEO Elon Musk said Thursday he does not plan to sell any more shares of Tesla for at least the next two years, after the billionaire and nascent Twitter owner offloaded nearly $3.6 billion worth of stock this week as Tesla's share price tumbled. + +Musk said during a Twitter Spaces audio call he will stop offloading Tesla stock after selling nearly $40 billion worth of it in the past year. + +Tesla's share price dropped nearly 9% Thursday to close at $125.35, as investors grow increasingly concerned about demand for the company’s electric vehicles and leery of the massive amount of time Musk is devoting to running Twitter. + +The drop put Tesla nearly 70% of its all-time high in January, when the stock at its peak traded above $400 and Tesla's market capitalization swelled to $1.2 trillion—pushing Musk’s net worth, which is mostly made up of Tesla shares, above $300 billion. +Hello WSB. It's been awhile. + +I'm asking us to stay united on these 2 fronts. DO NOT SELL ANY OF THEM. Simply buy more GME and BB. Do not let the bots divide us. We can work together and make big profits. The plan has always been GME -> BB. + +Disproportionately selling any one of these 2 can cause one of the shares to suddenly collapse and can lead to an influx in the other one. This can lead to a lot of innocent WSBers losing out on gains during the pandemic. We need this rise to be stable. If you want to buy either of these shares, DO NOT SELL THE OTHER ONE. Sell your Yugioh cards, your kids, your body...but DO NOT SELL EITHER GME OR BB. + +Thanks. :) + +EDIT: Just kidding, there was never a plan. WE JUST LIKE THE STOCK. +I can't find any good argument against implementing a carbon tax in Australia, besides the good old "because big oil and gas are holding the government's balls with both hands". + +That said, would there be downsides in implementing it? Why else wouldn't we be taxing CO2 production? +As an owner of XXX shares in a Roth IRA, I have been uneasy about not being able to DRS my shares like everyone else. I plugged enough money into Computershare to buy an extra ONE share through their system, but after that, I'm tapped out of funds (and my wife says "NO MORE!" lol). + +That being said, I'm sure you can appreciate my happiness to find out that users were actually DRS'ing their shares in their IRA accounts (and without taxable events occuring!). The trail blazer [u/youniversawme](https://old.reddit.com/user/youniversawme) has posted several clear cut posts outlining in detail what he did to accomplish this. Link to initial post showing his process [here](https://old.reddit.com/r/Superstonk/comments/qe6wfu/drs_my_ira_shares_yes_i_believe_i_did/) and his update confirming the transfer had worked [here](https://old.reddit.com/r/Superstonk/comments/qfnr2x/drs_for_iras_update_im_in/). These posts show that when he made the DRS transfer of his IRA shares, Computershare now held these shares in book form, with Apex Clearing (Ally's clearing agent) as custodian. Very cool! + +Long story short, I now have transferred every share I owned from Fidelity to Ally Invest, and submitted my [Letter of Instruction](https://i.imgur.com/Zh1J1pF.png) to DRS my shares to Computershare. This letter is word for word the same instructions that have been proven to work already. The day after I submitted this request, I got [this email](https://imgur.com/mqphM5Y) from Ally's support team stating that my request could not be processed due to an incorrect Account # listed. So, after triple checking that I put the correct account # on the Letter of Instruction (I had), I called the support team at Ally for further information. I got a hold of a nice lady named Desiree, who was very helpful. She confirmed that I did, in fact, put the correct account # on the letter and was as surprised as me to find out the request had been denied. She quickly sorted it out, and spoke with the team in charge of these types of transfers personally, and tells me that this email I received must have been sent in error, and that the transfer was still showing as "processing" in their system. Desiree was very helpful and told me she would personally track this process and email me if anything else arises. + +Fast forward four days later to today. I get [another email](https://imgur.com/w0myqAO) from Ally stating that this DRS request has been denied (again), but this time for another reason. Ally is now saying that the DRS request cannot go through due to a custodian issue, and the accounts not being "Like Accounts". This is the exact opposite result of what [u/youniversawme](https://old.reddit.com/user/youniversawme) ended up getting. + +So, again, I called Ally's support team to inquire further. The tech that answered (Rob) was very nice and was understanding why I was confused. He told me he had helped multiple people do this recently and there was never an issue. He asked me to hold for a few minutes while he spoke with his supervisor about this issue. After he came back on the line, he informed me that he has "news that you may not like." Uh oh. His supervisor explained to him that effective immediately, all DRS'ing of IRA accounts is no longer available through Ally Invest due to a custodian issue with Apex Clearing (even though it has been successful many times in the past, and without issue.) Rob was not able to offer me any more information, but this seems SUPER fishy to me. Rob told me that even he was unaware that this had changed, and was surprised that they changed it so suddenly and without an announcement. Rob also told me that his supervisor said that Ally's website should reflect this change soon. + +Apex is catching on to what we were accomplishing with finally DRS'ing IRA shares and put a stop to it once it started to gain traction. I think they know that DRS is the final nail in their coffin and if IRA's were starting to become locked up, it would be game over for them. I know there are many like me with XXX and even up to XX,XXX shares in IRA accounts that have their hands tied due to similar issue. If you're reading this, and are able to DRS your shares PLEASE DO IT! Do it for me who can't, but wants to. Imagine how many shares we ACTUALLY own with GameStop themselves already confirming the DRS numbers in their latest report. I'd argue there are probably just as many shares (if not more) tied up in IRA accounts like mine. + +TL:DR - + +Daddy Apex Clearing is putting a stop to DRS'ing self directed IRA shares to Computershare. Don't let this slow us down! Please DRS your shares! +From California, finally got a job a month ago with insurance, so I got my teeth checked after years of not having insurance. I got quoted: + +$600 for cleaning +$1200 for root canal +2x $2000 for crowns +9x $400 for filling + +I was just stunned in the dentist chair when the dental hygienist was explaining the cost and that was with insurance already. + +I guess I will just be wearing dentures I my 30s. + +My plan was to save up and go overseas to get dental work there. I estimated even with flight and accommodation it is still going to be a lot cheaper than what I was quoted. + +How in the hell are people getting their dental work done nowadays?! $600 for cleaning? $400 per tooth to fill it?! + +Edit: + +Thanks for all the replies. Some additional info, I went to a dentist walking distance from my work in the Bay Area, around Palo Alto. Them charging the bourgeoisie tech bros in the area might have an effect on their pricing. + +I also double checked my insurance, it was the basic one, a $1000 annual maximum, but the cleanings should be 100% covered and filings 70%. They just charge $1600 to the insurance that's why I still have to pay $600. + +I will not deny I haven't been the best at regularly brushing my teeth, but I'm no slob either. I don't have any pain nor any problems with my teeth, I just went to the dentist since I thought ill let my insurance take care of it. + +Like most of the people said here, going to Mexico or other countries is my plan right now. For the minor stuff like cleaning or filing, ill go to another dentist and get 2nd or 3rd opinion and find one that will not overcharge me for basic procedures. +Planning my post-FIRE life already, despite having at least a few more years remaining, I would like to hear your thoughts and experiences on decompression from worklife stress, after reaching FIRE. + +By decompression I mean the entire transformation process from stressed-out wage slave into emotionally end physically healthy human being, after the financial burden has been finally lifted off the shoulders. + +* How does the decompression process feel like? What kind of phases there are? +* How many months/years does decompression typically take altogether? + +Any tips and tricks for successful decompression are also welcome. +I've been living in a pleasant Midwestern college town for just under $15,000/year in total expenses for about 5 years now. I keep meticulous records of my spending. I'm middle aged, share a modest one bedroom apartment in a terrific neighborhood with my girlfriend, go out for drinks with friends on the weekends, carry health insurance through my state's implementation of Obama care, travel domestically to visit family and generally find my standard of living very agreeable. + +Am I missing something? Because I basically never see people discuss living at (or working toward) this level of income. Even the people at /r/leanfire are talking in terms of $40k/year. It often gives me pause because I feel like I'm overlooking some looming financial responsibility that I haven't accounted for. + +Edit: It seems like the biggest takeaway is that people are either a) speaking in terms of household spending or b) speaking in terms of individual spending but not factoring in the cost savings of cohabitation if they happen to be doing so. I find this odd, given how often I see 'my spouse got started later than I did and hasn't reached FI yet' kind of comments, but it seems like it's why my numbers don't jibe with a lot of what I see posted on this sub. Thanks everybody! +I would assume the most heavily automated trading from the big institutions are in the large cap stocks/etfs. Would this mean that as a retail algo trader, I would have a better chance of success from developing a trading algorithm against small cap stocks? + + + +Or am I thinking about this completely wrong and the opportunities from retail algotraders would be similar across all of them? +Anyone willing to share their journey from beginning to profitable algo trading? Day like this just remind me trading ES profitably and consistently is a monumental task. + +What was it like when you started and how long it takes you to be profitable? What was your worst moment? + +Trading is a lonely activities and can be really tough both mentally and physically. +I'm willing to pay of course, but I need at least minute-accurate historical data for stocks *and* options on the S&P 500, as well as daily option chains for the component companies, going back at least 3 years, preferable 5-10 years, for thorough backtesting of an option daytrading algo I've written up. + +&#x200B; + +Is there any service that offers this data via an API that I can use? My googling is coming up short, I know there are services that offer historical stock data but I can't find any that specifically offer the granularity of stock and option data that I need. +I'm reading some things that are saying how technical analysis is completely worthless and straight out of the crystal ball. I have to say (with my almost 0 experience but math and science background) that I actually sort of agree. I'm not here to assert this but rather to investigate. + +I'll start by saying that I think that the moving average holds some weight, even for the simple fact that enough people think it does that it can influence the market. I also feel that the moving average reflects the stocks tendency to regulate itself around the company's earnings. So, to summarize a bit; The term technical analysis casts a wide net and drags up a bunch of shit. What is the shit and what is the truffles? How do you go about sifting through? What are the "real" indicators? +Hi everyone, + +&#x200B; + +I'm an intermediate level software developer with no experience in the finance department and I'm looking into doing some futures trading. + +&#x200B; + +My constraint : I want to program in c++ (so c++ API is a must). As I'm still learning, I would love not to have to pay a single cent until I'm truly trading. The reason I'm saying this is that a lot of APIs I'm finding you need to pay money to get the historical data of markets. + +&#x200B; + +Do you guys have any recommendations? + +&#x200B; + +Thank you! +I am gathering information to start algotrading. But I just can't seem to find a European broker with a 0 commision fee AND an API where i can buy and sell stocks. + +So my question is: Is there any? +Anyone else wake up in the middle of the night and check the charts? + +Calculate how much something would be worth in ALGO rather than your fiat currency? + +Perhaps a sneaky browse of CoinMarketCap.com while on shift at the fiat mines? Only to close it, and re open it a few minutes later - *just* in case. + +Although I have learned a lot (and earned a lot) in my short time in this wild wonderful world - man has it been crazy! I have definitely developed some unhealthy tendencies which surely have not been good for my overall health. + +I’m not even over invested… I am quite simply hooked!! Maybe it’s all the hype this year has brought, but to those of you who can DCA in and go on with their lives, I salute you. To those of you who day trade or swing trade, the size of your cajónes scares me. And to those of you who check the charts once every five minutes…. they better be the 30 second charts! +I had both of these experiences within the last week and thought the sub may appreciate them in meme form. + +http://imgur.com/IKdpxMN + +http://imgur.com/9EtXfi4 + +Thinking about buying my first property next year I'm a single guy early 30's wanna weigh my options. I can afford a 2 bedroom 2 bedroom condo in my area. However the idea of househacking is appealing I'd have to wait a little longer to be able to afford a 2-4 unit multi but that's appealing live in one unit and try to rent out the rest im not a handyman soo I would need to hire a handyman for future repairs etc. If I buy a condo ill have a mortgage and then if I wanna get into real estate investing it would be hard to qualify for a second mortgage thoughts and things I should consider? +I own bitcoin for a long time. I was a huge advocate. It's been a great ride, but I'll tell you "Bitcoiners" tend to over state the value of their first-mover advantage. There are plenty of examples of ideas, products and companies who were first to market but timing is just as important. + +Ethereum has gained an incredible amount of momentum and Bitcoin is hitting a wall. Developers are the lifeblood of a platform and as much as Bitcoiners want to believe they've hit critical mass and have mainstreamed if you speak to the average person they're usually turned off by the technology. + +Being first isn't everything. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +So currently this seems to be a traders bear market but strangely lacking in any narrative. Indeed the timing seems weird since it started after the attacks were fixed. So the question is what is your doom narrative. + +Here is mine: + +* Segwit means bitcoin will scale. +* Rootstock will arrive soon so there will be no point in ethereum. +* Consortium chains will kill all applications +* Lack of Dapps by now means it is impossible to build safe contracts anyway. +* Lack of adoption and usability issues mean dapps will never be usable by average joes. +* Chinese exchanges will never list Ethereum because it threatens them +* ICO's need to sell +* Price fall itself means devs have less money so less chance of success. +* Tax loss selling by miners could be a real issue. Miners as a group have mined 5 million ether at an average of 100% higher prices (estimate). They need to declare that as ordinary income. They also need to sell to cover their tax liability. It feels like the selling is causing more selling. As the price goes down the miners need to sell more ether for the equivalent amount of USD to pay taxes. (thx charlieknoll) +* Many people were scared by the hacks/hardforks, but couldn't sync/access their wallet until the last hardfork. Once they had access, they sent funds to exchanges, adding to the panic. (thx sreaka) + +Any more to add to the list? +I would like to bet with somebody in a Smart Contract who will win the next US Presidential Election. I think this would be a great example of showing how a Smart Contract can eliminate the issue of needing trusted third parties. + +So here is my offer for somebody out there who wants to take on my bet! + +I would like to bet 100 ether that Donald Trump wins the US election at 4.25 odds. (i.e If he wins my payout is 425). + +Current rate on bet365 is 4.33x. https://www.bet365.com.au/instantbet/default.asp?participantid=761434028&affiliatecode=odc22&odds=10/3&instantbet=1 I'll consider 425 ETH if you are willing to take the bet. (4.25x) If so I'll get it arranged let me know :) + +If he loses, then you have made yourself 100 ether. + +Anybody who would like to take on this bet with me let me know and lets get a smart contract going for this! + +I've waited with this until the LISK ICO was closed, because I could very well be wrong and I didn't want to rob anyone of a chance to make a good investment. + +But now I can speak freely. + +**LISK has raised about 6 million dollar.** + +That's quite a big valuation for something that still [hasn't got a development team](https://www.reddit.com/r/Lisk/comments/4avvhx/im_really_on_the_fence_here_of_stepping_in_the/) and is simply [a Crypti fork](https://github.com/LiskHQ/) that any person with a cheap GitHub account can make. + +**But first a note about Ethereum:** + +When I started investing in Ethereum, the *idea* behind Ethereum, as brilliant as it is, was just 1 part of the story. + +The more important part of the story was the people behind it: ex-Bitcoin library developers that know every detail there is to know about Bitcoin, lead by an extremely talented genius [Vitalik Buterin](https://about.me/vitalik_buterin). + + +**And now back to LISK:** + +To anyone who stepped in the LISK ICO, do you honestly believe that LISK, which hasn't even got a development team yet, is worth 6 million dollars right off the bat? + +Ok, I admit, they actually do have a development team consisting of exactly 1 part-time developer. And some "great" advisers. + +Just take 20 seconds to scan through the team page: https://lisk.io/team + +Does that group of people (*wearing suits, wtf*) really looks worth 6 million dollars to you? + +That "team" is going to become thé competitor of **Ethereum**? + +That team needs 1 week to complete code that Vitalik Buterin himself produces in an hour. + + +**Let this be a lesson:** + +if you invest in technology, you invest in the people behind it. They are the key, always. + +So with that in mind, I'm gonna say it one more time: + +LISK hasn't even got a development team yet... 6 million USD. + +U joking right. +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I sold my car and started taking Ubers exclusively on 8/22/15, which was 447 days ago. Since that date I have spent a total of $785.86 on Ubers to get me around town. That works out to $1.76 per day. When I am not taking Ubers it’s because I am either traveling for business, walking/biking to work, or driving my wife’s car. If I still had my car, which I was budgeting at a cost of $15.51/day, I would have spent $6,936.46 over that same time frame. That’s $13.76 saved per day. + +A couple of important facts... + +* I live about a mile from my office, which makes walking and biking a realistic option and makes an uber fare cost only $5.65 each way (the minimum). The dynamics would definitely change if I lived further from work. +* When I had my car all in I budgeted $472 per month for all costs. This included car payment, insurance, taxes, $50/mo for gas, $15/mo for tires, and $35/mo for maintenance. +* I travel about 20% of the time for work, so on those days I don't pay any personal Uber fares. Also, my wife has a car which we use on the weekends and after work. My Uber fares were almost entirely to and from work with a handful of errand fares. +* Uber has partnered with CapitalOne Quicksilver to provide some great promos, such as 20% statement credit on all Uber fares from December 2015 through April 2016 (I also got statement credit back on work Uber fares while traveling) and a $15 credit for every 9 Uber rides from June 2016 through March of 2017. For me that second promo means for every 9 rides I pay for (including rides expensed for work) I get almost 3 for free. + +This may seem a bit complicated but I love nerding out on this stuff. I was pretty proud of saving $6,150.60 in a little over a year and thought you all would enjoy! Maybe I can convince some of you to ride Uber full time as well! + +EDIT (on mobile, excuse my formatting) + +So, with some egg on my face I come to you saying I checked my numbers, and while I didn't save nearly as much as I claimed initially I still saved substantially over what I was paying for my car. I had included the check CarMax paid me in my net cost for ubers, which is totally incorrect. Here are the real, updated numbers: + +Per YNAB from 8/22/15 through 11/11/16 I have taken 464 ubers to and from work as well as around town. The total cost of these ubers is $3,197.85. I saved $360.48 from the quicksilver promotion. The total net cost paid for these ubers is $2,837.37, or $6.12 per trip. This also works out to $6.35 per day, which is $9.17 per day lower than the total I was budgeting for my car. This is still a significant amount of money saved, though not nearly as much as I represented above. I'm sorry reddit. + +A couple of other comments... + +This works for me because I live close to my home office and I travel (fly) a lot for work. I chose to live close to work and I certainly pay a premium for that choice in cost of living. This Uber arrangement mitigates that cost of living increase, but it would still absolutely be cheaper to live in the suburbs. I just chose not to. Not saying that choice is for everybody, it's just the choice I made. It does however factor into the economics. +Also, my wife has a car, so "Full Time" is not accurate. It would have been more accurate to say "I use Uber to get to and from work nearly every day or when I run errands by myself". I'd say I've walked to and from work maybe 20 times since I started this and biked about the same. +Lastly, as mentioned above my wife has a car that we use on weekends or when we go out to dinner. She still has costs for her car, which we figure separately, but other than gas (which we spend $60/mo now for her car instead of $50) those costs have remained exactly the same. Her car payment, taxes, insurance, etc. haven't changed a penny due to us selling the other car. + +I apologize for the gross error in my math. I hope you'll see that, even though I haven't saved the huge amount of money I claimed, I've still saved substantially over what I budgeted as well as what I would have budgeted with a more modest car payment. + +Strip me of my Internet points, just don't take my extra Ira contributions! + + +Now, as always, you should be investing money you have designated for long-term investing as soon as it is available, according to your risk tolerance. Nothing about your strategy should change based on market movements. + +* If you were going to be investing today, you should invest today. +* If you weren't going to be investing today, you shouldn't invest today. +* If you've been deliberately saving up cash you intend to invest since the beginning of the year waiting for "a dip", you've missed months where prices were lower than today. Your attempt at market timing has failed. You should invest your investable cash now and take this as a lesson for the future. + +Specifically I don't really have enough for good forex exchange rates. This is in relation to stimulus packages for covid but more generally applies as well. +We don't know anything about **BBBY** yet. Stop whining about your puts not making a profit. Their earnings call is after market today. + +&#x200B; + +There was a clear out for profit on **DAL** today. If you got greedy and didn't take it, and THEN weren't prepared to hold you're a fucking idiot + +&#x200B; + +He said a "couple of weeks" for **BA** to "claw up" to $400. And he's not a fucking wizard that can predict news stories. You can have perfect analysis and it will get fucked all to shreds by an Orange Creamsicle tweeting during his afternoon shits and people filing lawsuits. +About 4 years ago I wrote [this post](https://old.reddit.com/r/financialindependence/comments/5xe7vj/10_years_from_disability_to_half_a_million/). If you ever needed evidence of the power of compounding, it took a decade to get to 500k, and **only** 4 years to get the next 500k and a paid off condo, which is insane when you consider that I’ve held a 50/50 stocks/bonds AA most of that time. Increased comp has done some of that work, but I’m still in the south east. We’re not talking Bay Area pay :\^). + +I started out on SSI and food stamps. If not for my degree, I’d still be there today. That shapes you. The biggest thing I wanted from FI was a sense of financial security. By any measure, I’ve achieved it, but 2020 taught me I was not *entirely* rational. Remember the food shortages at the start of the pandemic? Remember how staples were out of stock? That was enough to make me completely regress back to ‘poverty mode’ for a while. You know what was funny? I had a stable job and I made more from comp and stock trades than I ever had in my entire life, yet I found myself cooking and eating like I was surviving on $90 a month food budget again. I didn’t snap out of it until I found myself inventorying pounds of dried beans in my pantry. Absolutely strange. + +I’m beyond FI for myself, but my ultimate goal is to be able to comfortably support a family at the median household income. My RE target is somewhere around 2M. I’d guess I’ll hit that in my mid 40s. Between now and then, I’ve intended to purposefully my lifestyle in line with what my portfolio can support at 3%. The thing is? I’m finding it awfully hard to spend my ‘fun budget’. Some of that has been down to the pandemic (and a good chunk has gone to charity), but some of it is me holding every purchase to a ‘is this *really* worth it’ analysis that helped me survive back in the day. It’s a good problem to have I guess, and there aren’t any budget police ready to swoop down from black helicopters if I *don’t* spend it, but I hope it gets easier for me to find balance. + +I’m in my late 30’s and I’ll probably retire by my mid 40’s. That leaves me 5-10 years left to really sort out all the non-financial aspects that I’ve neglected. Stuff like health, hobbies, friends and dating. If the pandemic taught me anything, I really have to put in the effort to get this squared away. My retirement experience will be a dreary grey experience otherwise. Hitting FI has evaporated so much of my work stress and worry that I can finally focus on what’s important. I don’t know how the next decade will turn out, but I think I’ll be a better, more rounded person at the end of it. If I can do this, I think just about anyone can. Good luck and god speed. +I listened to an audio book called, "Money Secrets of the Amish". + +I found that: The Best way to save $$$$ is not to spend. + +I know. Fundamental af. + +Drop some modern nuggets on avoiding spending $$$$ & holding the 💰 +**tl;dr: how much equity is reasonable for a GM role at a Series A startup?** + +Hi all, + +Apologies if this post is in the wrong forum, but I'm looking for advice from people who might have been through this before. I'm currently a PM at big tech co making \~$300k/yr. I have incredible wlb and nice colleagues but I'm bored and feel like I'm going nowhere. The idea of going to standup everyday for another year or 5 makes me want to throw up. Have zero desire to grind my way to GPM at my current co - given the pace of promotions it would take years. + +I recently fielded an in-bound approach from the founder of a Series A company working on an interesting problem. They're looking for a General Manager to manage a P&L and grow one of their lines of business. The P&L today is 7 figures but will be 8 or 9 figures soon due to M&A (part of their business model). I feel confident negotiating the cash comp (although open to input here as well) but have no idea what's standard for a GM role in terms of equity. Ideally I'd like to get >1% (given dilution in subsequent rounds) but I have no idea if that's too low, just right etc. Also not sure how aggressively to negotiate extras -- accelerated vesting, extending exercise window, reduced/no vesting cliff etc. +Prediction status check: how are we going toward a 50% drop in the +[Core Logic Home Value +Index](https://www.corelogic.com.au/our-data/corelogic-indices) (5 capital city +aggregate) from its peak 2020 value by end of 2025? + +---- + +* Peak 2020 value (Dec 31 2020): **137** + +* All-time high (May 07 2022): **176.66** + +* Current value (Jul 14 2022): **173.27** + +---- + +→ Change from 2020 peak to now: **+26.5%** + +→ Change from all-time high to now: **-1.9%** + +→ Change from now for prediction to be correct: +**-60.5%** + +---- + +⇒ Average monthly change since 2020 peak: **+1.3%** + +⇒ Average monthly change since all-time high: +**-0.9%** + +⇒ Average monthly change from now until end of 2025 for prediction to be +correct: **-2.2%** + +---- + +I am a bot made by /u/doubleunplussed. Beep boop. I post at most once per week. +These regular posts are made [at the +request](https://www.reddit.com/r/AusFinance/comments/v264de/comment/iaqo4at/) of +the user who made the above prediction. +"It's only $35, that's super cheap." + +"$15 for this service is basically chump change for me." + +"You should buy X! It's only $45!" + +Yeah.....that's either a grocery trip or a full tank of gas, or both. + +I should just start finding ways to avoid talking about the cost of anything. +"It's only $35, that's super cheap." + +"$15 for this service is basically chump change for me." + +"You should buy X! It's only $45!" + +Yeah.....that's either a grocery trip or a full tank of gas, or both. + +I should just start finding ways to avoid talking about the cost of anything. +The majority leader’s announcement that the House would not vote this week on a bill to curb trading by members of Congress punted the issue until after the midterm elections and reflected a rough road ahead. + +Legislation to limit stock trading by members of Congress has stalled amid resistance from members of both parties to more tightly regulating their financial activities, raising doubt about the prospects of a bid to ensure that public officials are not profiting off their positions. + +Speaker Nancy Pelosi, Democrat of California and initially a skeptic of such a measure, embraced the effort in recent months after pressure from rank-and-file lawmakers. She said that the House would take up the issue this month, before adjourning for the midterm elections. But on Thursday, Representative Steny H. Hoyer, Democrat of Maryland and the majority leader, told reporters that the legislation was on hold, at least until after the balloting in November. + +“It’s an important issue,” Mr. Hoyer said. But members of the House, he said, “need time to look at it and make sure that when we do something, we do it right.” + +The delay was a potentially permanent setback to efforts to rein in stock trading by members in response to a surge of anger among voters and scrutiny by watchdog groups about lawmakers’ virtually unlimited ability to buy and sell financial instruments. + +Full article: [https://www.nytimes.com/2022/09/30/us/politics/stock-trading-vote-congress.html](https://www.nytimes.com/2022/09/30/us/politics/stock-trading-vote-congress.html) + +Nancy Pelosi says they're still working on the votes for lawmaker stock trading ban bill. She was recently on the spotlight for taking Nvidia (NVDA) trades just before voting on the $52B CHIPS+ bill. Do you really think this bill is going to pass in congress? +I'm sure lots of other apes will parse the answers, debate whether the questions were right, etc. But one thing stood out to me. + +When RC was asked direct questions, that man has an iron poker face. At first it wasn't clear if he was just trying to avoid the tinfoil or just being professional, but some of the answers made it clear this man knows exactly what he's doing: + +* When asked if there was any meaning about his Arlington, VA store visit, he said "It's self explanatory. When asked about the order of the games, he thought for a few seconds, then said it had no meaning." +* When asked about the comp-poo-chair, he just said "It looks like an efficient setup" +* When asked about the "eew eew llams evah I" tweet, first he made random jokes, then attributed the tweet to the former "high paid consultants" running his Twitter account +* When asked about meeting with Carl Icahn, he made a general statement about respecting him, but when asked about the nature of the meeting, instead of just repeating something like "I wanted to learn from him!" He immediately said he wasn't going to go into it. + +There are many other examples like this. Joe didn't always do the best job following up, and sometimes asked leading questions in such a way that gave RC an easy out, but to me that's irrelevant. What matters are the fact that he did this interview at all, he said everything he wanted to and nothing he didn't, and there was barely even a smidge of a "wink and nod" as he did it. This Chairman f\*cks. + +Looks like I'll need some more shares on Monday! + +EDIT: Link to interview: [https://www.youtube.com/watch?v=uN2Dw8AOdMk](https://www.youtube.com/watch?v=uN2Dw8AOdMk) + +&#x200B; +Seeing the seemingly unstoppable rally to the USD ATH, an attempt to sell-off, and a resumption of the buying pressure, and at the same time reading all of the complete disgust of all the Bitcoin large-blockers everywhere, is this the moment when we see truly large-scale capital flight from Bitcoin into Ethereum? Are we at a true tipping-point? +Watch the video from 23min onwards. The Credit Suisse employee confirms discussions with the SEC that Ethereum is not a financial security. + +If this is the case then how can anyone suggest that there will be futures on Ethereum in 2018 + +https://www.credit-suisse.com/pwp/ws/videobroadcast/?pid=9ceVakBGCElMdKCKL5I4T6_prgxnKHap +I thought running (d)apps on a centralized shitcoin should be almost free, but turns out not only do you have to hold millions of dollars of EOS just for CPU usage, you have to buy RAM as well. I was shocked when I did the math: + +1 KB of RAM costs $4.44, so 32 bytes would cost you $0.14. Storing 32 bytes in Ethereum costs 20000 gas. So if gas price is less than 15 Gwei (it was 1 Gwei for a couple of weeks until the exchange incident), Ethereum is CHEAPER than the fucking coin that promised to be thousands of times more accessible than it. + +So, why did they sacrifice decentralization and raise $4 billion again? +Looking to invest in T-Bills, can somebody explain to me why I wouldn’t purchase 26 week bills @ approximately 2.9% twice a year rather than 52 weeks @ roughly 3.0%? Seems like I’d be better off doing the 26 week route twice? I must be missing something. Thanks in advance for info! +**Posts in /r/investing regularly advocate buying high dividend paying stocks.** The arguments are varied, but usually highlight that these stocks **(1)** pay an attractive dividend yield compared to the current low rates of interest and **(2)** represent a more reliable investment since the dividend stream gives steady returns while the stock price will fluctuate up and down. + +For anyone familiar with the classic results of Miller and Modigliani (1961) that dividend policy does not change the value of a firm, these arguments have always seemed less than convincing. The essence of MM's argument is that an investor can produce a stream of cash flows from a non-dividend paying stock simply by selling off a fraction of his holdings and thereby create a dividend paying stock. Conversely an investor in a dividend paying stock can reinvest the dividends into additional shares in the company and thereby be in the same position as if the company did not pay dividends. Given this equivalence, MM go on to show that dividend policy is irrelevant. + +When one politely points out the implications of MM, one tends to get one of two reactions from the OP advocating dividend paying stocks. The first is a blank, dull look on OP's face (at least that's what I imagine in my mind's eye). The second is the retort that it might be fine as theory, but real-world frictions such as taxes make the MM irrelevance theorem irrelevant in practice. + +A [recent paper by Hartzmark and Solomon](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2876373) attempts to explain why investors differentiate between dividend paying and non-dividend paying stocks. They argue that dividend irrelevance is hard for people to grasp since it **"runs counter to intuitions from other areas of life, whereby harvesting the fruit from a tree is viewed as fundamentally different to harvesting the tree itself."** I thought that this was a great way of putting it as it gets to the heart of the misunderstanding that many people seem to have. + +Their paper is highly readable (i.e. non-technical) and the introduction is especially good at laying out how behavioral biases (in particular, the use of separate "mental accounts" for price changes and dividends) leads to irrational behavior. They go on to show, among other things, that investors who focus on dividends pay less attention to capital gains. Overall they find that "investors do not view dividends and capital gains as equally important contributors of returns, but focus on one variable or the other." + +TL;DR: Focus on total returns and not just the dividend yield. Recent research by Hartzmark and Solomon (link above) does a great job of explaining "why the popular discourse on dividends diverges so sharply from the academic literature" and how investors do not properly judge the tradeoff between dividends and price changes. Would love to get people's thoughts about how they look at dividend paying stocks and also what they think of the paper. + + +Bitcoin trading volumes against the British pound surged to a new high after the Sterling wobbled on Tuesday, prompting market experts to speculate that investors scrambled to dispose of the Pound in exchange for Bitcoin or to profit from arbitrage. The British pound reached a record low against the U.S. dollar, according to data compiled by the Kaiko Research team, after the United Kingdom government announced unfunded tax cuts the previous week. + +The UK’s interest in Bitcoin will expand “quite quickly” as fiat currency instability makes the flagship digital currency asset resemble a stablecoin, analysts said. + +Similarly, the volume against the Euro has increased by 85 percent during the past month. During the same period, volume for the USD/BTC pair skyrocketed by 67%. At one time, the British pound plummeted nearly a quarter against the US dollar. While data from TradingView and Cointelegraph Markets Pro indicate that Bitcoin outperforms fiat currencies by 55%, the longer the term, the more attractive a Bitcoin hedge becomes. + +Meanwhile, Bitfinex reported a substantial surge in volume and trading activity for the BTC/GBP pair, which market monitors say highlighted the potential for the leading cryptocurrency to profit from “apparent fiat currency weakness.” +There’s a post about why people in traditionally high paying careers don’t FIRE https://www.reddit.com/r/financialindependence/comments/aegsi5/why_do_so_few_who_are_capable_of_retiring_early/ + +I was just thinking about how the FIRE movement really took off with the rise of high paying tech jobs. MMM was a software developer, and half of this sub works computer or engineering according to the last survey. I work in tech and know many people IRL who know about FIRE. +Why is FIRE so hot within the tech community? I would’ve thought that being a software engineer was more interesting than being a lawyer or dentist. + +Some observations: +1. Start making money early (but investment banking is similar) +2. Don’t care as much about societal norms +3. More likely to be aware of FIRE from browsing the internet more +4. Not happy with job (is this really more common in tech vs other careers though?) +5. Spend less than other highly paid professionals (maybe because tech only became highly paid recently) +http://www.reuters.com/article/us-solar-funding-idUSKCN11I17X + +At the moment, SCTY is at $17.34/share, which is still about 20% below TSLA purchase offer of 0.11*($198.34/share) = $21.85/share. + +I'm guessing that means there is still significant uncertainty as to whether Tesla will actually go through with the purchase. +Revenues: $2.79B vs. $2.51B estimated + +Gross margins: 27.9% + +Have $3B of cash on hand. + +https://www.cnbc.com/2017/08/02/tesla-second-quarter-earnings-2017.html +https://www.cnbc.com/2019/10/03/bank-of-america-says-this-is-a-make-or-break-quarter-for-netflix.html + + +“Heading into 3Q earnings, we see a make or break quarter for Netflix,” Bank of America Merrill Lynch analyst Nat Schindler tells clients. + +The more cautious tone comes on the heels of a tough summer for Netflix, which has seen the price of its stock fall nearly 30% in under three months. + +Netflix, which reports earnings on Oct. 16, has never missed the company’s subscriber guidance two quarters in a row. +This AM, Bitcoin is down 10%, and most of the coins are trading at an over 20% discount. It's really surprising how everyone claims they want to buy cheap coins when the market drops and then fails to take action when there's a drop. + +I understand fears that a bear market is setting in, but current prices matter little if you're here for the long-term, although I believe this is a short-term pullback that we'll be laughing about by the end of the year. + +Bitcoin will eventually go back to those all-time highs and nothing has changed about its fundamentals. Same with the top projects, which are on sale even though nothing has changed from what it was a month ago. + +Don't be the person that goes crying about how the price is high, and then fails to take action when there are dips like the one we are seeing right now. +FTX owes customers and other lenders, close to 83,000 BTC but does not have any left on the books. If it were to fulfill its obligations, it would require buying and sending $1.4 billion worth of BTC. This is obviously not going to happen but at least there isn't any BTC to dump. + +FTX has, in essence, been responsible for liquidating 83,000 customer's BTC. This sell pressure was the product of illegal use of funds. That's 83,000 BTC that were intended to be held but has been dumped on the market. + +How many other exchanges have leveraged customers' assets and have been liquidated? +Ok so I was hired off of Craigslist (not so suspicious as that's where I found all my past jobs there). The original ad was for a front desk/ Concierge person but the add also was looking for a data entry person. + +The first thing after a messenger interview w/essay questions (first sign). They say the job will be from home at first -wtf??. The pay also leaps from 22/h to 30/h. They say I'm hired and expedite a check for work supplies to me with Microsoft word printed instructions to email the deposit confirmation ect. The cashiers check is worth near 2,500.I deposit in my personal account. Now that it's cleared, Im told to cash deposit 2,300 at a different bank to an account of someone who will ship the gear to me- huh? + + +When I ask why they do this on their end they tell me its to see how I handle company money, excess money is upfront pay and to cover gas. +Now the biggest red flag, no name, no address has really seemed legit. No company online presence, people have no facebook, and the check was sent from a nearby county but the address is from the Midwest. +Tldr; new company I never met in person sends me cashiers check, tells me to deposit most of it in another account. + + +Idk what to do here? HELP! + +**Edit**: of course I didn't read the Craigslist scam, list what am I, a cautious person? This happened quickly and I caught it before it cost me (so far at least) +I asked to Skype and they sidestepped. I told them im freezing the account and going to the authorities. They started sending texts nonstop about how I'm a criminal. Tried to call me and I tuned down those. Told them to Skype they sidestepped. +Right as this happens there is a knock at the door. **ITS A NEW CHECK FOR $4800**. I confront them, they say it's for petty cash. +Stopped contact after that one. +Using a throwaway account. I've been tracking my net worth for a little while now and just realized I've crossed the $1mil mark! Pretty stoked - too bad I can't brag about it to my brick & mortar friends. I'm in my late 30s, grew up in a poorer family, living in a HCOL area, hold a standard corporate gig, and been frugal my whole life. Stumbled across FIRE in the past few years. My income gradually grew, but I always kept my expenses the same - no lifestyle inflation. + + +If anyone's curious - these are my ballpark net worth numbers over the more recent years. Note that these figures were not jotted down at the same time/month each year, so it can’t be taken at face value as true yearly growth. Would have been nice if I tracked it more methodically. + + +2013 - 270K + +2014 - 295K + +2015 - 459K + +2016 - 602K + +2017 - 723K + +2018 - 864K + +2019 - 1 mil + +Lessons learned: #1) I bought into individual stocks due to tips from friends over 5 years ago. Still have some of them, but overall, lost about 30K. Never touching individual stocks again - index funds from now on. #2) I had been into the FIRE way of investing in the mid 2000s. Stopped investing in the market during the crash of 2008 and got busy/lost interest for almost the next decade. Didn't get back in until the past 1-2 years. Lost out on a ton of gains. Should have never stopped in 2008. + +I am currently working temporary jobs as I am abroad for a year. + +I have been offered a role, which will begin at the end of the month, at the same time as my current role ends. + +I am going through an employment agency who found me the job. They advertised the job at 50$ an hour(aud) and emailed me saying that they would like to offer me the contract from end of month to February, and reiterated the same remunerations that we had discussed before. + +The following day she followed up with me and told me the company wanted my details for the contract, but that they could now only pay 43.80 "as it was guaranteed work".. + +I don't see how that results in a drop in the payments, as it was always discussed as a three month contract.. + +I'm in need of work and this job fits my timeline pretty well.. My current role is paying 45.50. + +Basically I am wondering do I push for the original amount discussed, or try to meet in the middle? Or cut my losses and take the work.. + +Thanks for any help. + + + +Edit: thanks everybody for your advice. I've read almost all of it, and I have decided to keep silent until they come knocking. I have another potential role lined up and I am financially secure enough to not panic just yet about being out of work. + +For those asking I am a Radiographer and working in Australia so 50$ is Aus dollars not USD (unfortunately). + +I will update this with whatever happens next. + +Thanks again! + +Edit 2: so I waited and they finally emailed again to check some details. I asked why there was such a drop in salary and they explained that I was getting a 3month contract with the employer, so I have benefits like sick pay and accrued annual leave during this time. + +If they had have told me this from the beginning.... It all works out to be about what my current rate is, but not quite the $50 aud described at first.. + +I'm happy to accept because I need the work for the next three months! + +Thanks again for everyone's advice. Hopefully if others read this thread it can help them too! +So I’m a kiwi and know very little about HECS, my wife is Australian and has around 20k in HECS debt every year I ask her if she wants to pay it off and every year she says we don’t need to. + +She’s been a house wife for the last 5 Year’s with zero income and the years prior to that she never earned enough to actually pay anything back. The likelyhood of her going back to the workforce are slim and if she does again she wouldn’t earn enough due to the lower kiwi wages. + +Is she right that she can just leave it? I presume they would try and take it out of her estate when she dies? +28m + +Rent and work in Melbourne. Flogged myself early in my career in education and moved into a leadership position on 100k within a couple of years of starting the profession. However, the environment was very dysfunctional and stressful, leading me to resign from the role to avoid burnout. Moved to a different organisation not teaching but still in education and am currently part-time on 65k with far better working conditions and less stress and the option to go back to full-time when it suits at 90k. Also can always return to teaching if I need the job security. + +Partner, 24f, has just started her first job out of uni as a research assistant for a research and data analytics firm. It's an entry level role at 54k. + +Have been saving up for and planning to buy a house for several years. Had saved 70k and was also in the very fortunate position to have a family windfall of 200k available. Grew up in Tasmania and have always been fond of Hobart. I've purchased a 3br, brick house with a good sized back yard right on the edge of the city in West Hobart for 670k with a 200k deposit and have parked the remainder of 76k in the offset. It's currently tenanted and I don't plan on living in it for another 5 years at least. In the lead up to purchasing I felt excited, proud, and accomplished for getting to the position to purchase. In the time that has passed since I have felt remorse and worry about the decision and concern that I have borrowed too much. + +&#x200B; + +Can I ask AusFinancers to give me their take? Have I leveraged too far? How have you dealt with feelings of stress and remorse after plunging into a mortgage? + +Here's my overall position: + +Salary - 65k mine + 54k partner + +Savings - 10k + +Super - 70k + +Mortgage - 485k + +Offset - 76k + +Rental income - $600p/w, with all fees, management costs, rates, insurance etc works out at about -$2500/year after tax benefits from negative gearing. + +HELP debt - 21k mine + 30k partner + +No credit card debt + +No car loan + +I watched a conference with Buffett a few months ago. Basically he had a chart of the top 30 companies in the world by market cap 30-40 years ago or so. Not a single company of those 30 are in the list of the top 30 companies by market cap today. + +So, which large cap stocks do you believe are our Sears or GE equivalent today? i.e. large cap companies that everyone believed there was a promising future for, that resulted either in mediocrity, steep decline in revenue/share price, or out right bankruptcy. +Bit surprising. [Up until yesterday](https://web.archive.org/web/20221020235705/https://www.bankaust.com.au/banking/home-loans/home-loan-rates-and-fees), their Basic Home Loan rate was 4.30% for LVR < 60%, and 4.25% for LVR < 80%. [Now it's 3.99%](https://bankaust.com.au/banking/home-loans/home-loan-rates-and-fees#Basic-Home-Loan) for LVRs up to 90%. + +That's a 1.39 percentage-point margin over the cash rate, and unless the latest 25bps hike is yet to be added to their rates (seems unlikely if they're cutting today), that seems like a crazy-thin margin. + +Anyone got a loan with these guys? Do the rates existing customers have compare favourably with the rates they offer new customers, or are the latter something of a bait-and-switch? + +My experience with them applying for pre-approval earlier this year was that they are a bit more conservative than other banks with their lending, so now that rates are higher, I suspect we probably wouldn't be able to refinance to them quite yet. But might give it a shot, that rate difference would save us thousands a year. +Hello everyone, + +&#x200B; + +Here is a list of biotech penny stocks with FDA events scheduled for this quarter. Some of these catalysts are occurring next week. Hoping this sparks some good discussions and weekend DD. + +&#x200B; + +FYI this data comes straight from here: [https://www.biopharmcatalyst.com/calendars/fda-calendar](https://www.biopharmcatalyst.com/calendars/fda-calendar) + +&#x200B; + +Cheers. + +&#x200B; + +**Under $2** + +|**Company**|Company Summary|Drug|Treats|Catalyst| +|:-|:-|:-|:-|:-| +|Diffusion Pharmaceuticals, Inc. (**DFFN**)|Diffusion Pharmaceuticals, Inc. is a clinical stage company, which engages in the development of treatment for life threatening conditions.|Trans Sodium Crocetinate (TSC) |COVID-19|1a/b data| +|Histogen, Inc (**HSTO**)|Histogen, Inc. is a clinical-stage therapeutics company, which focuses on developing potential first-in-class restorative therapeutics that ignite the body's natural process to repair and maintain healthy biological function.|HST 001|Androgenic Alopecia|Phase 1b/2 top-line data released December 1, 2020. Primary endpoint not met. Final data due 1Q 2021.| +|Regulus Therapeutics (**RGLS**)|Regulus Therapeutics Inc. Common Stock, also called Regulus Therapeutics, is a biopharmaceutical company, which engages in the discovery and development of drugs targeting microRNAs.|RGLS4326 |Autosomal dominant polycystic kidney disease (ADPKD)|Phase 1 data from the first cohort due 1Q 2021.| +|AzurRx BioPharma (**AZRX**)|AzurRx BioPharma, Inc. engages in the research and development of non-systemic biologics for the treatment of patients with gastrointestinal disorders.|MS1819 - OPTION 2|Cystic fibrosis|Phase 2b top line data due in 1Q 2021.| +|Entera Bio (**ENTX**)|Entera Bio Ltd. Ordinary Shares, also called Entera Bio, is a clinical-stage biopharmaceutical company, which focuses on the development and commercialization of orally delivered large molecule therapeutics.|EB613|Osteoporosis|Phase 2 interim biomarker data due 1Q 2021 with final data due 2Q 2021.| +|Kintara Therapeutics (**KTRA**)|Kintara Therapeutics, Inc. Common Stock, also called Kintara Therapeutics, is a clinical and biopharmaceutical company, which focuses on the development and commercialization of new cancer therapies.|VAL-083|MGMT-unmethylated newly diagnosed Glioblastoma Multiforme (GBM)|Phase 2 top-line data due 1Q 2021.| +|||VAL-083|MGMT-unmethylated Recurrent Glioblastoma Multiforme (GBM)|Phase 2 top-line data due 1Q 2021.| + +&#x200B; + +**Under $3** + +|**Company**|Company Summary|Drug|Treats|Catalyst| +|:-|:-|:-|:-|:-| +|Aileron Therapeutics (**ALRN**)|Aileron Therapeutics, Inc. Common Stock, also called Aileron Therapeutics, is a clinical stage biopharmaceutical company, which engages in the development and commercialization of novel class of therapeutics for the treatment of cancer and other diseases.|ALRN-6924|Small Cell Lung Cancer (SCLC)|Phase 1b/2 final data due 1Q 2021.| +|Vascular Biogenics (**VBLT**)|Vascular Biogenics Ltd. Ordinary Shares, also called Vascular Biogenics, is in the clinical-stage biopharmaceutical company, which engages in the discovery, development, and commercialization of first-in-class treatments for cancer.|VB-111|Recurrent platinum resistant ovarian cancer|Phase 3 next DSMB review 1Q 2021. Trial to be completed in 2022.| +|Lineage Cell Therapeutics (**LCTX**)|Lineage Cell Therapeutics, Inc. operates as a clinical-stage biotechnology company developing new cellular therapies for degenerative retinal diseases, neurological conditions associated with demyelination, and aiding the body in detecting and combating cancer.|OpRegen|Dry age-related macular degeneration (AMD)|Phase 1/2 updated data due 1Q and 2Q 2021.| +|Abeona Therapeutics (**ABEO**)|Abeona Therapeutics Inc. Common Stock, also called Abeona Therapeutics, is a clinical stage biopharmaceutical company, which engages in the development of gene therapy for severe and life threatening rare diseases. |ABO-102|Sanfilippo syndrome type A (MPS IIIA)|Phase 1/2 data to be presented at WORLDSymposium February 12, 2021.| +|||ABO-101|Sanfilippo syndrome type B (MPS IIIB)|Phase 1/2 data to be presented at WORLDSymposium February 12, 2021.| +|Trevana (**TRVN**)|Trevena, Inc. engages in the development and commercialization of novel medicines for patients affected by central nervous system disorders.|TRV027|COVID-19|Phase 1b top-line data due 1Q 2021.| +|Nymox Pharmaceuticals (**NYMX**)|Nymox Pharmaceutical Corp. operates as a biopharmaceutical company, which engages in the research and development on products for the aging population. |NX-1207 Fexapotide|BPH|NDA filing planned 1Q 2021.| + +&#x200B; + +**Under $4** + +|**Company**|Company Summary|Drug|Treats|Catalyst| +|:-|:-|:-|:-|:-| +|Cerecor (**CERC**)|Cerecor, Inc. engages in the development and commercialization of treatments for rare pediatric and orphan diseases.|CERC-007|Multiple Myeloma (MM)|Phase 1b initial data in multiple myeloma due 1Q 2021.| +|||CERC-002|Crohn’s disease (adults)|Phase 1b top-line data due 1Q 2021.| +|CTI BioPharma (**CTIC**)|CTI BioPharma Corp. (DE) Common Stock, also called CTI BioPharma, is a biopharmaceutical company, which focuses on the development, acquisition and commercialization of novel targeted therapies for blood-related cancers.|Pacritinib|Myelofibrosis|Rolling NDA filing announced October 13, 2020, to be completed 1Q 2021.| +|Spectrum Pharmaceuticals (**SPPI**)|Spectrum Pharmaceuticals, Inc.Common Stock, also called Spectrum Pharmaceuticals, is a biotechnology company, which engages in the acquisition, development and commercialization of pipeline of late-stage clinical and commercial products. |SPI-2012 (ROLONTIS)|Chemotherapy-Induced Neutropenia|PDUFA date was October 24, 2020. However, action by the FDA has been deferred due to COVID-19.| +|VBI Vaccines (**VBIV**)|VBI Vaccines, Inc. New Common Stock (Canada), also called VBI Vaccines, is a biopharmaceutical company, which engages in the development of vaccines for infectious disease and immuno-oncology.|BRII-179 (VBI-2601)|Hepatitis B|Phase 1b/2a interim data from low dose cohort released November 18, 2020. Boosting of hepatitis B surface antigen antibodies observed in 60% (6/10) and 67% (6/9) of evaluable patients. Data from the high-dose cohorts expected in 1Q 2021.| +|Atossa Therapeutics (**ATOS**)|Atossa Therapeutics, Inc. operates as a clinical-stage pharmaceutical company, which focuses on the development of novel therapeutics and delivery methods for the treatment of breast cancer and other breast conditions.|AT-301 Nasal Spray|COVID-19|Phase 1 trial initial data noted no serious adverse events, 1/32 subjects experienced adverse event. Further data due 1Q 2021 as per SEC filing (click on date in FDA Calendar). Phase 2 trial planned.| +|Fortress Biotech (**FBIO**)|Fortress Biotech, Inc. Common Stock, also called Fortress Biotech, is a biopharmaceutical company, which engages in the development and commercialization of novel pharmaceutical and biotechnology products.|Intravenous (IV) tramadol|Postoperative pain following bunionectomy surgery|CRL announced October 12, 2020. NDA to be refiled February 2021.| +|||CUTX-101|Menkes disease|Rolling NDA submission expected to start in 1Q 2021 and to be completed 2Q 2021.| + +&#x200B; + +**Under $5** + +|**Company**|Company Summary|Drug|Treats|Catalyst| +|:-|:-|:-|:-|:-| +|Infinity Pharmaceuticals (**INFI**)|Infinity Pharmaceuticals, Inc. operates as a biopharmaceutical company, which engages in discovering, developing and delivering medicines for people with cancer. |IPI-549 + Nivolumab (MARIO-275)|Urothelial cancer|Phase 2 data to be presented at ASCO Genitourinary Cancers Symposium February 11, 2021 8:00 AM - 6:30 PM EST.| +|GlycoMimetics (**GLYC**)|GlycoMimetics, Inc. engages in the discovery and development of novel glycomimetic drugs to address unmet medical needs resulting from diseases in which carbohydrate biology plays a key role. |GMI-1359|Hormone receptor positive metastatic breast cancer|Phase 1b data due 1Q 2021.| +|IMV (**IMV**)|IMV Inc. Common Shares, also called IMV, is a clinical-stage biopharmaceutical company that engages in providing a novel class of cancer immunotherapies and vaccines against infectious diseases including COVID-19.|**DPX-Survivac and KEYTRUDA (pembrolizumab) - basket trial**|Solid tumors|Phase 2 updated data due 1Q 2021.| +|Protalix BioTherapeutics (**PLX**)|Protalix Biotherapeutics, Inc. engages in the development, production, and commercialization of recombinant therapeutic proteins based on plant cell based expression system|**Pegunigalsidase alfa**|Fabry disease|Phase 3 data to be presented February 10, 2021 at 1:24 PM EST.| +|||**Pegunigalsidase alfa (PRX-102) - BRIGHT**|Fabry disease|Phase 3 top-line data due 1Q 2021.| +By Senad Karaahmetovic: + +Toni Sacconaghi, a Senior Analyst at Bernstein covering U.S. IT Hardware, has discussed implications for Tesla (TSLA) shares amid an ongoing saga concerning CEO Elon Musk and his deal to acquire Twitter (TWTR) for $44 billion. + +Musk may “ultimately elect or be forced to purchase Twitter going forward,” Sacconaghi told clients in a note today. The analyst took note of Musk’s deal to acquire Twitter which should be completed via debt, equity, and a margin loan. + +Sacconaghi pays special attention to $12.5 billion that will come from a margin loan facility tied to Tesla stock. + +“Following the recent drop in TSLA's stock price, Musk appears to have just enough value in his unencumbered Tesla shares to fund the margin loan portion of his proposed Twitter financing. That said, at a TSLA share price of $621 or less, Musk would technically not be able to borrow the full $12.5B against his shares - in fact, if TSLA's stock price were to drop to $500/share, he would be ~$2.5B short. If the agreed upon deal price for Twitter is ultimately haircut by 10%, Musk could still borrow enough, even if Telsa shares dropped to ~$400,” the analyst wrote. + +However, the bigger - but also less probable - financial risk for Elon Musk is there is a deeper pullback in Tesla shares, in combination with him completing the deal. + +“If the TWTR deal were to close today and subsequently TSLA's stock price dropped to $350-400, Musk could be forced to sell ~13M Tesla shares.” + +In other words, Elon Musk would get a margin call. + +Sacconaghi rates Tesla with an Underperform rating and a $450.00 per share price target as he struggles to justify TSLA's valuation, “which appears to imply huge volume AND industry leading profitability going forward, which is historically unprecedented.” + +Tesla stock price is indicated to open 2.5% lower today, or at $657.90. + +[Source](https://m.uk.investing.com/news/stock-market-news/margin-call-alert-tesla-stock-falling-below-400-would-force-elon-musk-to-sell-13-million-shares-of-ev-maker-to-fund-twitter-deal--bernsteins-sacconaghi-2655243?ampMode=1) +I spend large amounts of my time in r/investing, and despite the occasional thread of "I have $100. Should I put it all into BTC?," I see a healthy amount of discourse and analysis when it comes to investing. I understand that in the FIRE community, investing is only part of the lifestyle, but the differences in the two subreddits were pointedly drawn to my attention when one of the r/investing mods one day said "r/financialindependence is where investing advice goes to die." I didn't quite understand what was meant by this at the time, but now have observed the same over the past year or two. + +I am not a heavy contributor to this sub, so perhaps I shouldn't be complaining, but I will say that I have been an active lurker for 5+ years - even before I created a Reddit account. But between the posts about people asking for advice on how to explain their lifestyles to others (literally sounds like veganism), or posts about someone hitting a minor milestone where everyone's standard response is "Go fuck yourself!" (honestly, what is the value add here), there is little tangible (investment) advice and information about becoming FIRE than ever before. This is a problem. To be clear, I'm not looking for a detailed write-up on why ABC is the next hot stock we should all be buying, but it'd be nice if we could have more posts that detail index funds, asset allocation, withdraw rates, health care and taxes - *thorough discourse on the steps we all will need to take to hit FIRE*. + +The FIRE community here seems to have developed the hive mind mentality that plagues just about every closed-minded community. Similarly to veganism, CrossFit or some niche-political group, when a bunch of people come together and start validating other's thoughts, the group becomes intolerable and hostile to change or discourse that deviates from the norm. Alternative thought isn't welcome anymore, so I have little hope that the quality of posts will one day improve. Criticism here seems to fall on deaf ears. + +Reddit generally offers the best UX to communities for discussing a certain topic, and that's likely why I've stuck around so long. But now it seems that there are better options out there for learning about FIRE, and that's a shame. + +EDIT: People have been asking for what type of content I'm specifically looking for. I think posts like [these](https://www.reddit.com/r/financialindependence/comments/6q7fq0/10_reasons_i_dont_like_vtsax/) have a ton of utility, but aren't as common anymore. +After so many holidays and very long weekends the past weeks and also lockdown here made me feel a little bit boring. Although, I still had a great time spending with my family, ate a lot. I really missing investing in stocks and can't wait till tomorrow. Every day I follow my routine and read the financial news, stocktwits, reddit, but those last weeks there aren't much news, so I finish those tasks quite fast. + +Are those some symptoms of addiction to investing? + +Do you have the same? + +Because I made some profits (in penny stocks), it gives me a lot of motivation to do it, and that is why I might be tested positive for that haha. +So is this how the shortable shares enter the market? After being 'minted' at the MM (Citadel), they get handed off to brokers to offer for lending? I have so much to learn, but it's clear they don't just have 200,000 shares lying around that weren't already lent out previously. I always assumed that these were shorts that had been returned, but it struck me that this might be how they 'provide liquidity' - create them, give them to fudelity/ibkr/whoever else is in on the game, and then borrow them back so they can short sell them. Potentially to themselves? Is this possible? + +Wondering if any ape can maybe describe what the process would be for introducing those fakes to the market? It's yet another piece of the intricate mosaic of fuckery that I'm trying to wrap my head around... thanks in advance wrinkle brains! 🙏 + +https://preview.redd.it/6r54r2cynoc91.png?width=1008&format=png&auto=webp&s=4b57f93fee968c3f3f134ba57e9274d71a477a8f +That is the worst advice you could give anyone. + +I'm not a financial advisor, and this isn't financial advice. But I think it's fairly common knowledge that the best time to buy IS A RECESSION/DEPRESSION, it's when everything is massively discounted. Many new millionaires were minted off the 2008 bounce ([source from 2013](https://www.nmgcapitalgroup.com/stock-market-rally-means-400000-new-millionaires/)) + +Plus if a massive selloff were to happen at his behest, wouldn't that just make the recession/depression worse? You want people BUYING with market confidence to prevent a recession/depression, no? + +He's trying to portray himself as the caring father figure while telling retail to sell him all their stuff at a massive discount that he orchestrated and risking the global economy in the process! Talk about snake oil, sheesh! Nevermind this all belies the true motivation which is to rescue himself and his SHF fuckbois from the FTD avalanche that is inevitable which created this whole problem in the first place. + +The level of unchecked greed these people have enjoyed has made them absolutely delusional and confident they can get away with most blatant evil shit. + +It would be fucking hilarious if it weren't abjectly terrifying. +According to Doug Ramsey of the Leuthold Group, 334 companies trading on the New York Stock Exchange recently hit a 52-week low, more than double the amount that marked new one-year highs. **That’s happened only three other times in history — all of them occurring in December 1999.** + +&#x200B; + +https://preview.redd.it/6d8sqcz4q5c81.png?width=500&format=png&auto=webp&s=0e737df3862b853f159b2dec4fc5a5c016c5fe67 + +**How did we get back to the precipice of the year 2000**, where tech stocks plunged 80% and the S&P 500 lost 50% of its value over the ensuing two years? Well, start off with the fact that the amount of new money created by our central bank in the past 14 years is $8 trillion. That, by the way, is an increase in base money supply only and does not include all of the new money created by our debt-based monetary system. So, from 1913 to 2008, the Fed created $800 billion. And, it took from 2008 until today—just 14 years–for it to have created $8.8 trillion in base money supply. Is there really any wonder why inflation has now become a salient issue, especially for the middle and lower classes, and why the stock market is now set up for a meltdown similar to the NASDAQ collapse of two decades ago? + +Some might claim that the bubble in the stock market was much different in 2000 than it is today. They are correct. The overvaluation 22 years ago pales in comparison to today. **With its record high P/S ratio of 3.5, as opposed to just 1.8 back in 2000. And the mind-numbing record high 210% TMC/GDP ratio, which is an incredible 68 percentage points ahead of where it ascended to 22 years ago.** + +Ok, so the stock market is much more expensive today than at any other time in history, **but what will the catalyst be to set it tumbling off the cliff?** Last week I talked about the monetary cliff coming in the next two months. ***To review: The Fed will wind down its record-breaking $120 billion per month counterfeiting scheme to zero dollars in that timeframe. This Q.E. involved the process of handing newly created money to banks, consumers, and businesses to boost consumption. But by ending this flow of new money, the Fed will also end its tacit support for the municipal bond market, primary dealers, money market mutual funds, REPO market, International SWAP lines, ETF market, primary and secondary corporate debt markets, commercial paper market, and support for student, auto and credit card loans. All of which were directly supported by Jerome Powell’s with the Fed’s latest Q.E. program.*** + +**But it doesn’t end there. Mr. Powell cannot be content with just ending Q.E., not with CPI running at 6.8%! Therefore, very soon after Q.E. is terminated, interest rates are heading higher, and the balance sheet of the Fed must start shrinking.** However, an occasional 25-bps rate hike here or there won’t cut it. He has to hike rates by 680-bps just to get to a zero percent real Fed Funds Rate. Now, of course, Powell doesn’t intend to hike monetary policy that much because he is fully aware it would collapse the whole artificial market construct well before he gets anywhere close to that level. But the point here is that the FOMC has lost the luxury of being able to delay and dither as it has in the past because inflation is running at a 40-year high. Hence, the Fed will need to hike rates rather aggressively until inflation, the economy, or asset prices come crashing down. But since all three are so closely linked together, they will likely all cascade simultaneously. + +And, now this week, I want to shed some new light on the concurrent fiscal cliff and **shoot a hole through Wall Street’s excess savings B.S.** As most of you are already aware, I’ve been pretty clear about ***the negative consumption effects that will result from the ending of $6 trillion in government handouts over the previous two years***. This massive and unprecedented largess caused the savings rate in the U.S. to jump from 7.8% in January 2020 to 33.8% by April of the same year. However, that savings rate has now collapsed back down to 6.9%—below its pre-pandemic level. But what about the stash of savings consumers are sitting on that is supposed to carry GDP ever-higher this year? + +**Well, it appears that the rainy day fund is dwindling quickly.** According to the N.Y. Times and Moody’s Analytics, the excess savings among many working- and middle-class households could be exhausted as soon as early 2022. This would not only reduce their financial cushions but also potentially affect the economy since consumer spending has risen to become nearly 70% of GDP. + +**We have already seen multiple pandemic-era federal aid programs expire last September, including the massive federal supplement to unemployment benefits.** Now, with the Expanded Child Income tax credit having expired, which gave up to $300 per child under 6, and up to $250 per child ages 7 to 17 over the period from July to December, the fiscal challenges have become salient for many Americans. + +**But what about that pile of savings?** Estimates are that it now amounts to around $2.0 trillion (8.5% of GDP). It’s mostly in the hands of the very rich, who are savers and have a much lower marginal propensity to consume than those in the middle and lower classes. According to a study from Oxford Economics, 80% of that savings is in the hands of the top 20% of earners, and 42% went to the top 1%. Again, this is important because it is the middle and lower classes that are responsible for the majority of consumption. So, how is this economically-crucial cohort doing? Well, in addition to getting hurt by inflation and falling real wages, they are running out of their stimulus hoard quickly. According to a recent study done by JP Morgan Chase, households making $68,896 per year or less only have an extra $517 in their checking accounts on average compared with their pre-pandemic level. As unimpressive as that sounds, add in the fact that people don’t eat into their savings with the same zeal that they spend a fresh government handout, and you can see that so-called “mountain of savings” Wall Street loves to tout isn’t much more than a molehill. + +**When you factor in the massive fiscal and monetary cliffs together with the most overvalued stock market in history, you have the recipe for potential unprecedented stock market chaos, which should be front-end loaded in ‘22.** + +***If your retirement savings is with a deep state of Wall Street firm, you hold some mix of stocks and bonds that is set on autopilot. Their fate should be the same as the Hindenburg and Titanic.*** + +Michael Pento is the President and Founder of [Pento Portfolio Strategies](http://www.pentoport.com/), produces the weekly podcast called, [“The Mid-week Reality Check”](http://pentoport.com/blog/subscription/)  and Author of the book [“The Coming Bond Market Collapse.”](http://www.amazon.com/Coming-Bond-Market-Collapse-ebook/dp/B00C42S5KE/ref=sr_1_1?s=books&ie=UTF8&qid=1368206596&sr=1-1) + +[https://pentoport.com/fiscal-and-monetary-cliffs-have-arrived/](https://pentoport.com/fiscal-and-monetary-cliffs-have-arrived/) +So I'm an idiot, I was planning to get corrective eye surgery so I maxed out my FSA this year but then after getting the consultation and learning I'm a candidate for PRK I started reading about the painful healing process and other people's experiences and I'm chickening out. I don't have any other major health costs this year, I could go back and try to dig up receipts for maybe $100 of dr visit copays at this point but that's about it. + +I know this question has been asked a million times on reddit and elsewhere but the answer is always "buy a few extra packs of bandaids, sunscreen, and toothbrushes". That's not gonna get me through $2200 (I can roll over $550 out of the max $2750). + +My question is: what's the best way to use it all up and get back the most money possible? + +Are there any eligible items that have a good resale value on eBay? The more expensive the better, I don't want to be trying to sell a thousand loose diapers and bandaids on the street corner or something, lol. +The egregious overstepping of power these companies are taking on behalf of the government to override personal anatomy is quite shocking. + +what would i have to do to get a phone set up that isn't at risk to this sort of thing? how much power is enough for them? + +does apple already have the ability and they're just looking for permission? + +is google already doing this? + +&#x200B; + +edit: i don't mean from a picture i mean from them stealing your screen when you're writing down the phrase from the phone. + +the solution is to create the seed from a device that will never go online again i've found + +but how do you get the money out in that case? +Corgi has been one of the top gainers for the past month. As of this posting right now it is up over 25x since the coinmarket listing last week! Come join us on /r/corgiarmy! + +Some info about CorgiCoin: + +​CORGI is the first equitable dogecoin on Binance Smart Chain. Recently listed on CoinMarketCap! Currently at 5 million marketcap, with a super active telegram that is rapidly growing! There is a fixed supply of 10 billion corgis with no inflation! Very early stage - anyone can buy a big chunk of the market supply for cheap and catch the ride to $1/CORGI. + +The devs are in it for the long haul and committed to achieving USD Parity ($1/coin) for a $10b market cap. + +100% community owned: 100% of total supply locked and keys burnt (verifiable on BSCScan). CORGI is 100% community owned. In the spirit of decentralization, there are no large chunks owned by celebrities or other groups. All tokens are available for pups everywhere! + +CORGI lives on the Binance Smart Chain, so fees to transfer and exchange it are 100 times less than for ERC-20 tokens. + +Total supply of 10bn tokens with no burn or inflation + +The CORGI team is in this for the long haul. CORGI has a seasoned team of developers with deep experience in blockchain and financial markets. + +Proof of locked tokens: https://bscscan.com/tx/0xa7ddc629f3068c45ac03890493386a59ba31d7d6d8498959635b32431c151ea5 + +Proof of burned keys: https://bscscan.com/tx/0x3d3bc1990ee1095060babbd521d30946b91e9d11b364f31343b66c2eb026db6e + +Reddit: http://reddit.com/r/corgiarmy + +Website: https://corgicoin.net + +Telegram: https://www.telegram.me/CorgiCoinBSC + +Discord: https://discord.gg/gwBpbTeTw5 + +Twitter: https://twitter.com/CorgiCoinBSC/ + +Buy CorgiCoins on pancakeswap here: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x450dCf93160A30BE156A4600802c91BF64dFFD2E +Hey CMS! The market sucks, but my favorite token HOGE is still building/growing. I wanted to key you guys in on the highlights of HOGE, along with some upcoming potential price catalysts. Do come chat w/ the community at /r/hoge or t.me/hogefinance if you have any questions (or fud!) --- I think you'll find our Telegram culture is quite different from the other dog coins. + +**Highlights on HOGE** + +* The original DeFi Memecoin w/ deflationary tokenomics, Certik audited, w/ doxxed legal team, and probably the only memecoin of this alt season to have a legal opinion that we are not a security +* HOGE is truly a community coin. Unlike some of the larger cap coins w/ centralized control & large centralized marketing budgets, to date HOGE has relied 100% on community development (we call it "grabbing a shovel") and community donations. Recent pushes toward revenue streams, as well as a push toward a Hybrid DAO to manage and spend the proceeds will open new doors in the coming months. +* 65K holders, 35M market cap, down 90% from ATH, but so much better than it was at ATH. +* Many on the Core team voluntarily doxxed themselves to the community (hoge.finance/team/). The remaining members (and several other members of the community) have all completed KYC and signed NDAs with the Hoge Association. +* Beyond the Core team we have well (!) over a dozen people volunteering their time to actively develop HOGE \[just see the list of projects below\] +* Raised over $25K for various charitable iniatives. One of them was Patriot Paws, which allowed us to name two doggos! The community voted to name them Doge & Hoge. +* Available on Uniswap, Pancakeswap, ChangeNow, Nowpayments, Guardarian, Gate, BigONE, Bilaxy, BKEX, WhiteBit, Decoin, ZT; raising money for 2 more exchanges, and in negotiations w/ several more exchanges, inc. US based exchanges. +* Native ETH token, with bridges to BSC, xDai and Fantom; bridge to MATIC coming soon? +* We have several high profile influencers on board, each w/ millions of followers, all organic, including our beloved Scotty Sire (who has a HOGE tattoo and locked his HOGE liquidity!), Scotty's friends, Adam Rose, and many athletes. +* HOGE recently brought on a new Marketing Lead, Hayden Matthews, who has a professional marketing background & is committed to making HOGE succeed. He has a weekly AMA every Monday on Twitter Spaces if you ever want to hop on & learn (usually at 2pm Eastern). Hayden has a dedicated team including the "Chosen One" helping him with HOGE's first ever financed marketing. We are currently at the start of a 90-day #HOGEEverywhere campaign, which begun with bridges to BSC and Fantom, and a listing on Pancakeswap. + +**Future Price Catalysts** + +* Many use cases in development, including: HogeMint v3, HogeSwap/HogeBridge, the NFT Marketplace, HogeStarter, HogeWorld, Hoge Aerospace Institute, Arcade... and more. These are all at different stages of development, but I believe at least three of them will make quite a splash. More details to follow. +* As part of #HOGEEverywhere, **Hoge is proud to announce that we have finalized a deal with one of the largest news media networks in America that reaches 160 million adults in the U.S. every month**. More details to follow, and I'm expected more where this came from. +* There will be more CEX listings, and a US exchange is still on the roadmap. +* The marketing AMAs have hinted at several partnerships that have yet to be revealed. +* Adam Rose/Scotty Sire vs. the World (Fortnite) is going to be awesome, with Adam Rose/Scotty Sire NFTs coming. +* And other promising things that I can't quite share yet... + +**TLDR:** Market sucks, which means it's time to build, and Hoge is busy doing just that. There are several upcoming price catalysts, including the media partnership just announced a long list of applications being developed. **Hoge memes business.** +I have been buying *bitcoin* for the past 8 months, in that time I have amassed more than I had planned, I have also learned a great deal about bitcoin, this causes me to buy more bitcoin, and this is the problem. + +I initially decided to buy bitcoin because it is the safest of all cryptocurrencies etc. and fully intended to sell it **When** the next bull market was in full swing, I have now learned that it is actually priceless. + +Now here is my problem, I don’t think I can sell it, ever. I will probably never hold bitcoin at a loss after the next halving. There must be many in the same situation as me. What do you plan to do with your bitcoin? Will you sell it in the next run, or greedily hoard it like Smaug? Or both? + +What is the end game here? + +Edit: Thank you all for your responses, I have learned a lot from you. + +The consensus here seems to be “don’t sell your bitcoin necessarily but rather spend it as you would cash when you need to make important purchases”. + +There is a wealth of wisdom and experience in this sub, you are all very helpful and thoughtful. +My father recently retired with a Vanguard 401k. + +He’s not very financially savvy and called Vanguard to move his 401k into an Edward Jones account. + +The folks at Vanguard misunderstood what he was trying to do and cut him a check for his entire 401k and gave it to his previous employer to forward to him. + +The folks at Edward Jones are telling him that he will owe $20k plus in taxes. + +Is there anyway to reverse the transaction or minimize taxes if he ends up having to take the check? + +Thank you. +The following is my summary of Cathie Wood’s thoughts on recent market volatility, as presented in her latest video on the Ark Invest YouTube channel (~42 min) – I strongly recommend you check it out. + +The minimum expected rate of return for a stock to enter an ark portfolio is 15% CAGR. Cathie contends that she sees the recent volatility as a gift to gain alpha over the intended 15% return in many of her high conviction names. + +She mentions that at Ark, they have a five year time horizon, and it is counter productive to compare its performance with a benchmark (like the s&p) over a shorter period. She further adds that many stocks in traditional indices today are a potential value trap, and that ark etfs “are a good hedge against broad based benchmarks.” + +She reiterates that “we are not in a bubble” – and that the seeds of their 5 innovation platforms were planted in the dot com bubble, and are now ready for prime time, in a period of reality. Fear of a bubble likely stems from benchmark sensitivity and backward looking institutional investors. Furthermore, intuitions should be worried about their own strategies as “creative disruption will impact nearly 50% of the s&p500”. + +To Cathie, interest rates going up suggest that ‘real growth is going to pick up’ – and that she understands the concern over her own stock picks potentially underperforming as a result. However, she believes that that the market has assumed that interest rates will stabilize at a 4 to 5% range - which inversed (1/4 or 1/5) gives a normalized p/e of 20 or 25; so markets didn’t actually misprice assets to begin with. She thinks that nominal growth however, will not be at 4 to 5%, but instead around 2-3%, which can lead to greater valuation support for companies that can grow more rapidly. + +Rotation from growth to value was also expected on her part. She repeats that value will face massive headwinds going forward. Energy and financial stocks have done amazing in the past month - which is a good thing as the bull market is broadening out unlike the dot com bubble, where ‘too much capital chased too few opportunities, too soon’. Energy and financial sectors booming will likely be short lived as they are both ripe for massive disruption. + +Source: https://youtu.be/Qb8uQSQi8bc +It has all the earmarks of a Warren stock: great franchise, not asset-intensive, big enough for Berkshire (160bn market cap), it's quadrupled in the last 5 years and is still reasonably priced. + +So I have to wonder, is their business model uncertain in the future? is management particularly bad in capital allocation? + +Would be great if you have some insight for me as I have it in my watchlist. + +Whilst at university I had a job at one of the big five banks. I was auto enrolled into a pension scheme. I'm now a few years post-graduation. + +This week I tried to transfer my old pension into my current one and was informed (by my old pension provider) that this pension was pot was empty. They told me that I would have received a letter in 2016 detailing the option of transferring the pension and if they didn't hear anything back within a few months then I would be unable to transfer the funds. I had around £2,800 in this pot which isn’t an insignificant amount. + +Does anyone have any experience with this? It doesn’t seem right that my money has just disappeared. Is there anything I can do? + +Edit: For those wondering the scheme was DC HSBC BANK PENSION SCHEME. + +Edit 2. They remailed me the letter they sent me. Hot damn. http://imgur.com/gallery/c5GIgDI +I finished my role there in September 2016... Wow. +Hello. I have a 401k but employee doesn’t provide a match yet. Should I continue to contribute to 401k or just invest in a traditional brokerage account. Also, I plan to retire before 59.5 and don’t want to incur early penalties because it defeats the purpose. Roth IRA is already maxed out. +I make 25,000 a year before taxes. I am able to save 8,000 a year. I’d like to invest 6,000 throughout the entire year. Saving 2000. Currently have 18,400 invested. +14,300 in apple and 4100 in palantir. +I’m looking to keep on adding to Apple throughout these years. +The rest of the 6000 will be split into VOO +He's usually very pushy about it as well. I'm just wondering if that is a smart move? Can anybody give me advice about it from a personal standpoint, or a financial guru standpoint? +For those who invest in 529s for their kids, are you already maxed out on other retirement plans? We haven’t started a 529 because we are not yet maxed out in our 401k and IRA’s but wondering if we should be putting some towards a 529 or waiting until we can max the others out first. My thought is to invest fully for retirement first but I would like to hear others thoughts. +My new years resolution for 2020 was to get myself in a better position than my shambolic 2019. + +14 January 2020 - CC #1 paid off and closed. + +1 down 2 to go. +I wanted to post my experience over the last few months as a word of warning, or 2 cents, or however you want to take it. + +A few months ago I left my slow, dull but well paying job for a new, more challenging, faster pace job with a big pay raise and the ability to work mostly remote. I was hoping for the best and excited to see where it took me. + +Three months later (today) I'm sitting in the presidential suite of a nice hotel, free food and alcohol included, and I'm miserable. I'm miserable because I'm "remote", but not at home with my family. I'm miserable because I've worked three 70+ hour weeks and average 4-5 hours of sleep a night and see no clear end to any of it. I'm miserable because I have zero time for any of my hobbies anymore and it's an endless cycle of work I'm not even super excited about. I'm miserable because my daily workout routine went to twice weekly for the first time in 10 years and I feel gross cuz of it. + +I took 5 minutes last night and recalculated how much sooner I may be able to FI from this job. The numbers were not perfect cuz I didn't account for compounded interest, but from a straight savings perspective, I would only be shaving off a year from my target date. + +All this crap, for around one less year... not worth it at all. + +I've been in this job for 3 months and I'm already burnt out. I plan to quit after I close out my project and possibly if I can hold out for a bonus at the end of the year. Then I think I need to take a few months off. It isn't going to help my FI numbers, but all this work is not worth just one less year later on. + +So my advice, don't just take a job because it promises more money and flashier things. It is not always what you expected and can end up setting you back more than helping you. +You may have wondered if GME or AMC was the right choice at some point. Older apes know the answer, but let me give you a different point of view. + +During the entire interview with u/dlauer, CNBC kept showing "reddit coments", but somehow ALL of them were about selling everything and diving in AMC(gamestop was hardly mentioned). + +This cannot be random! If you take notice of comments in Superstonk, no even from the AMC sub, even they talk about GME, but somehow CNBC shows a bunch of comments all selling and throwing all in AMC. + +Think Ape! Think! Why would they want you to see that? + +I'm as smooth-brained as the next monkey, and I can't even write finanal advice, let alone give it, but this banana smells like Shit from Adelle. + +Trust your jacked tits and hold! + +EDIT: TO WHOMEVER GIVES ME AWARDS... Thanks and I hope you get a million tendies for each award you've given! +Recently having visited Beijing, I came under the impression that China is a lot more developed than is portrayed in the media, and thus I had thought. But I also began to think, as someone else had quoted in /r/economics that for a nation to develop from scratch to a certain point, all one needs to do is breathe. I guess China's real tests are starting now. + +Of course, anyone making a forecast of the next 10-20 years is hard to be taken seriously, but as a young(er) student, it would be very helpful to hear /r/economy's more experienced seniors who have lived through previous economic waves to help myself hold a rudimentary projection of what should be expected. + +I also note that it seems almost all of my contacts whether offline or online don't seem to know and/or care about any of what is going on. I can't help myself but wonder if the troubled headlines I am seeing is myself simply being too paranoid. + +Is the US going to experience uncontrollable inflation by the rate at which they are printing money with nothing to back for it? Will the EU ever come out of its sinkhole? Is there going to be a really, really bad depression? + +Please ignore this post if it is to far-off to reply to. Thank you. +I'm not really qualified to assess this and have only posted this for discussion and to read some educated opinions. + +Does Morningstar have a "dog in the fight? General thoughts? + +http://www.telegraph.co.uk/investing/news/amount-retirees-can-safely-withdraw-year-invested-pension-drops/ +In the past day, we have seen many posts talking about UWMC and how it is going to be the next RKT. Way too many. + +**TLDR: WE ARE GETTING PLAYED.** + +Just look at the number of UWMC posts in the past day. + +[Posts regarding UWMC](https://preview.redd.it/ewewgavus0l61.png?width=1316&format=png&auto=webp&s=fe3e5176392de4db7112cf2884a5f063de466548) + +I had a quick look at the institutional ownership of UWMC and something clicked. 🦍 sees pattern. + +First, look at the 13F of RKT + +[source: https:\/\/whalewisdom.com\/stock\/rkt-2](https://preview.redd.it/1tclc0xbt0l61.png?width=1861&format=png&auto=webp&s=30cf0ea3b4ee1967d9f47961e601119a78709247) + +Then, look at the 13F or UWMC + +[source: https:\/\/whalewisdom.com\/stock\/ghiv](https://preview.redd.it/jrfke5pft0l61.png?width=1867&format=png&auto=webp&s=e4763c5da56dd485161d9b02ef834e535999fc3d) + +Notice any similarities? + +**WE ARE GETTING PLAYED.** + +Obligatory 🚀 🚀 +**POST INTERVIEW UPDATE** +Thanks for all of the guidance! The interview was about 1.5 hours, the rest of the time was set up, lighting, b-roll, etc. Here is what I discussed: + +- I made it very clear that I do not speak for WSB and am a lowly lurker. + +- I made sure to talk about the countless stories of folks using their GME tendies to donate to charity. I even brought up the donation posts and had them film them. + +- I told them that I am an investor and am not forced to buy anything, make my own decisions, DFV doesn't dictate my investments, etc. + +- I said "I like the stock" and discussed the promising upside I see with GME. Told them of all my fond childhood memories at Gamestock, etc. + +- When asked how much money I invested, I told them, "I can't say, my wife's boyfriend wouldn't be happy" + +- I shared the gut drop feeling of how I felt when I woke up on Jan 28 and saw I was no longer able to buy. + +- When asked, "What do you think our interviewers should ask Vlad (yes, Vlad will be a part of this), I said: "Ask him to be honest about liquidity" and "Try to dig deeper into the connections between Citadel, Melvin and RH" + +- I said, "For faith in a free market, one side of the market (retail) can never be locked out of trading while the other side (Hedgefunds) are free to trade." Can't find the user who provided that talking point, but I thought it was solid. + +- I said "Well respected analysts say the stock price could have ended up in the thousands if RH and other institutions didn’t limit/halt buying." and "This would have created the largest and fastest shift in wealth that the market has ever seen. There 10s of thousands of average retail traders who would have been millionaires if RH (and other brokers) didn’t cut off users ability to buy Gamestop stock" + +- I said, "It almost feels like an imaginary game where the rules are made up as it goes just to make sure the large institutions come out on top." kudos to the user who provided that. + +- I also spent quite a bit of time just takling about my person story, my recent brain tumor diagnosis, COVID induced pay cuts at work, my non-profit, etc. + + +*Original Post* + +I was one of the first investors to speak to a law firm (ChapmanAlbin LLC) re: RH and the shenanigans that they pulled. + + +Well, ABC reached out to the Law Firm and asked if they had anyone who would be a good candidate to be interviewed regarding my experience and they recommended me. + +I spoke to the producer today and he is flying out to interview me on Monday. He asked about my experience with the WSB community, etc etc. + +How would every like I speak about the group? Anything you think I should be sure to discuss? + +Edit: I was told WSB isn’t the main focus of the interview and I don’t intend on being the mouthpiece/representative of the sub. +Wow, what a year it has been! Last year we saw some amazing performances in our [first annual paper trading competition](https://imgur.com/EEjpIS9). This year, we're looking to up the ante and welcome all of wallstreetbets' minors, poor people, and all the newcomers who don't quite know what we do yet. + +I'd like to announce **The Second Annual WSB Paper Trading Competition!** This competition has been an amazing opportunity to trade and learn with zero stakes. Since last year, we have grown by 350,000 subscribers, and its the perfect time to throw you all into the fire. + +And all of this massive growth calls for the biggest, best, and most baller virtual trading competition on Reddit. + +That's. Right. All you noobs, newcomers, novices, and personalfinance wizards can join in on the fun of wallstreetbets with zero of the consequences. Please read these rules carefully, and you'll be on your way to trading in the big leagues, Guh-Free! + + +# Rules: + + +1. **Comment with some various info about your strategy, your ideas, or anything about yourself. Communication and participation is the key to learning!** + +2. **Paper Trading is primarily for those with no real-money accounts. If you have a real money account and you comment on this thread, you may be banned forever.** + +3. **This thread is for the comments referenced above, ONLY. Any other meta comments about the competition (here or in other threads/chat) will result in a ban.** + +We will be sending out invites for the paper trading competition later in the week, only to those who have commented. + + +Thanks! + +wsb mod team in conjunction with /r/teenagers and /r/unrealtournament +I mean, in theory, is there no limit to how high a stock can go if no one sells? If literally not a single share was sold would the price ever stop rising? +FICC-2021-001 DTC-2021-002 NSCC-2021-003 Updated![https://www.dtcc.com/legal/sec-rule-filings](https://www.dtcc.com/legal/sec-rule-filings) + + +sorry for the confusing I mean the 3 files are updated today + Federal Release: +[Release No. 34-91587; File No. SR-NSCC-2021-003](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-003-Approval-Notice.pdf) +(April 16, 2021) + + + Federal Release: +[Release No. 34-91587; File No. SR-DTC-2021-002](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/DTC/SR-DTC-2021-002-Approval-Notice.pdf) +(April 16, 2021) + + + Federal Release: +[Release No. 34-91587; File No. SR-FICC-2021-001](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/FICC/SR-FICC-2021-001-Approval-Notice.pdf) +(April 16, 2021) + + +&#x200B; + +https://preview.redd.it/vhensniog6u61.png?width=652&format=png&auto=webp&s=c60b28c789f8144104dbe07d0e745aa390a6e3fd +My husband received his first check with a new company and was overpaid to the tune of almost six digits. He contacted payroll last week, who just said they are aware and looking into it. We know he has to pay it back - we want it gone ASAP, but I'm concerned that this could have further implications. + +Two main concerns off the top of my head - 1, there was a note on his paystub that he has satisfied his social security tax limit and two, his 401k was unfortunately already effective and received a 10k deposit from this. + +All said, once the actual overpayment is corrected, will this still bite us in the ass come tax time? What other implications should we be on the lookout for? +**TL;DR -** No. Take some time to properly ingest the full material you're reading, and come to your own conclusions based on it. Getting some wrinkles on that brain of yours will do you a world of good, fellow ape. + +**EDIT 1:** A few people have left comments mentioning the CTA system reboot today. I was going to mention it in this post, but I totally forgot about it while focusing on everything else in here, my bad \^\^' If you haven't heard much about it, [here's a good summary post](https://www.reddit.com/r/Superstonk/comments/n63rt9/proof_that_the_1m_missing_volume_was_a_bug_quit/). + +Personally, I think that both theories are valid at the moment - I don't think either of them disprove each other, rather they're just two competing ideas. I'm interested to see which one turns out to be more accurate. My main issue with the CTA reboot theory in my opinion, is that it fails to adequately explain why the negative candle occurred. The verbiage on the CTA alerts page is a little ambiguous, but in particular, they've stated that "CTS/CQS will notify of corrected data sets when available". This implies to me that the volume data lost was recoverable, and that the recovered data would be sent to subscribers. If the data did come back in at some point, then why did we get a negative candle? If anything at all, shouldn't there have been a big positive candle that contained all the day's missing volume? Even still, I'm not really sure what about that system going down explains the after hours candle. + +Again, to reiterate - I think that both my theory and the CTA reboot theory are valid theories at the moment. There's not enough concrete data to prove either one as the correct one at the moment. This is exactly why I created this post - to get more discussion going about what really happened here. + +=== *Original post begins here ===* + +It seems like the past day of trading has been quite the doozy. Lots of strange, exceptional events. I've been thinking about it for a bit, and I think I've come up with a theory to explain what happened yesterday. If this all checks out... buckle up apes, there's an imminent shitstorm coming our way. + +I smell burning. It seems to me as if the market has caught fire. And as I'm sure we were all taught in primary school, you know what to do when you catch fire: *stop, drop and roll.* + +**DISCLAIMER:** This post is speculative, and I offer no guarantee as to the accuracy of the statements provided below. The content of this post is presented with the purpose of promoting further discussion and investigation into recent events, and is not to be construed as financial advice. I am not liable for any damages that may arise as a result of acting on the information presented below. Always remember to not let your biases get in the way of your judgement, and do your own DD. + +Secondary to this - please, counter this in the comments. This is largely speculative, and the more apes we can get scrutinizing this post, the more accurate we can make it. Remember, apes together strong. + +## Recommended Reading + +These posts have done an excellent job of reading the numbers of yesterday, and this post builds off their conclusions and findings to build a fuller, more complete theory. I strongly advise you read these posts before continuing. + +* [https://www.reddit.com/r/Superstonk/comments/n5trot/i\_dont\_to\_tout\_the\_horn\_without\_knowing\_anything/](https://www.reddit.com/r/Superstonk/comments/n5trot/i_dont_to_tout_the_horn_without_knowing_anything/) +* [https://www.reddit.com/r/Superstonk/comments/n5yl8r/citadel\_margin\_call\_1m\_missing\_shares\_the\_trading/](https://www.reddit.com/r/Superstonk/comments/n5yl8r/citadel_margin_call_1m_missing_shares_the_trading/) + +# Stop - The 11:27am Market Halt + +The first odd event we saw yesterday was a 5 minute trading halt across the whole NYSE. A halt that went seemingly unexplained. As we've seen already, it looks like the total volume traded from market open to the halt comes pretty damn close to the huge negative volume candle in AH trading (we'll talk more about that one in a bit) - 1,016,670 shares traded, 1,015,953 shares removed by the negative candle. What I think happened here is the same thing other posters have theorized - **a market maker was hit with a margin call.** + +Here's what I believe the sequence of events was: + +* Our market maker in question started the day, going about their business, making the markets for GME, as they have been for a while already. +* However, our shady little market maker has been engaged in some very suspicious shorting activity lately - even opening more shorts that very same day (take a look at that dip around 10am, that looks like a likely spot to run some short attacks to me, at least). +* Their shorts have been pretty precarious on their books, and both their reduction in value and the market makers increase in GME short positions is getting them dangerously close to their *maintenance margin* (in other words, what others have been calling the "margin call trigger price"). +* A margin account's [maintenance margin](https://www.investopedia.com/terms/m/maintenancemargin.asp) is based on the current market price, and the equity that the account holds in their positions. The equity in the account must be at least 25% of the total market value of the assets, although brokers can set higher percentages as they please. By opening more short positions, they increase their equity in the account, but not by as much as the increase in total market value. Because of this relationship, more short positions = lower price to hit the maintenance margin. +* This market maker has been toeing the line with such razor thin distances that through their earlier positions opened, they brought their maintenance margin to riiiight above where GME opened for the day. +* Somewhere, as the price was increasing prior to the halt, the maintenance margin was tripped, and our scummy market maker in question was hit with a margin call. +* Realizing that they're in deep shit, and have to get this sorted *right fucking now*, they closed up their market making functions for the day. This is where the halt comes in - because they closed up, all their orders for the day have to get rerouted across the market, and the NYSE gave a 5 minute halt to let all those orders shuffle around. + +After the halt, trading proceeded fairly regularly for the day - well, as regular as you can get for GME. That is, until... + +# Drop - The Negative 1M Volume Candle + +Early on in after hours trading, we saw a pretty fucking huge anomaly come in - a candle showing a volume of -1,015,953 trades. What the fuck happened here? How do you get negative volume? I'm not sure myself, but I have a guess - and I think this *may have been a slipup from the NSCC.* + +The NSCC has this thing called Continuous Net Settlement (CNS for short), where instead of clearing every member's trades as they come in, they *net* the member's trades over the full day, and settle trades based on that net position. As an example, let's say Member 1 makes the following trades on a day: + +1. Buy 100 shares of XYZ +2. Buy 50 shares of XYZ +3. Sell 100 shares of XYZ + +CNS would combine all these trades into one position, adding purchases and subtracting totals. In this case, Member 1 has a net position of 100+50-100 = 50 shares, so CNS adds 50 shares to the member's account. + +So what's this got to do with the negative volume? What I think happened is (**BIG SPECULATION HERE**, I haven't done enough research to say for sure that this is how things work) that when our market maker closed up, and got their orders rerouted, the rerouting didn't show up as volume on the markets, so the market maker kept their orders on their reports. However, once CNS was run for the day, it found that our market maker *didn't have the ability to settle their orders reported*, so all their trades were cancelled, and *wrongly reported as a decrease in the amount of shares traded*. I say wrongly here, because those "cancelled" trades still happened - they just happened during the reshuffle in the earlier market halt. It would also explain why most places aren't reporting volume with the negative candle factored in, and instead showing 2.8M - the negative candle was an accounting slipup. But oh boy, was it an insightful slipup - if what I've laid out here is true, then we can come to the following, very interesting conclusions: + +* One market maker has represented almost the entirety of volume for GME - the difference between the total volume between market open and the halt is tiny, so our market maker here must have been handling almost all the volume. + * Alternatively, it's possible that multiple market makers were hit with a margin call yesterday, with the negative candle being the sum of all their trades. That would take some serious planetary alignment to happen, though - I'm thinking it's more likely that it was just one huge player instead of multiple, slightly less huge players. +* There's an incentive here for the market maker to keep liquidity low - the less trading activity, the less chance for big price movements, so they keep routing buys off to dark pools and OTC trades, and keep the sells on larger exchanges in an attempt to control the price, and keep it within the bands they like. Unfortunately for them though, yesterday *they lost that control,* when they halted their market making operations. (**EDIT 2:** This is assuming that this margin call they received today was the one that takes them out. It might be - but it also might not be. Keep that one in mind when thinking about this point.) +* Finally, the big one we've all been hodling out for - a big fish with a big short position has had a big margin call and is shitting the bed big time. Things are going to start getting very interesting from here on out. + +# Roll - To Be Determined + +So, to our little market maker - what's your next move? Do you start rolling, and get to covering those short positions as soon as you can to put out the fire you've found yourself in? Or is it already too late, and is it only your head that's going to do the rolling? Time is rapidly running out for you, so you better start acting fast. + +We're not the ones on fire. It costs us nothing to keep hodling. But it costs you everything to ignore the fire that's about to engulf you. + +Tick tock. + +Obligatory 💎🙌 and 🚀🚀🚀🚀. +When Gary Gensler posted the video that CNBC took down - his message was, “the world needs to see this!” Gary made a statement - what I said on CNBC - is something I stand behind - and you can’t pull that video off the air / how dare you edit me? + +I was being an asshole and making shit posts about Gary. After his actions today I think most of the sub has agreed that we all like Gary and some serious change is coming. + +Gary, if you’re out there. Sorry for being an asshole and I’m grateful for the work you’re doing. + +I think that you Beautiful 🦍s put enough pressure on the regulators to do something by using reddit as a voice. It really is an intersection of finance and technology. + +So thanks Gary, now we are in the RED ZONE apes, get ready everyone!!! 🦍 🦧 🦍 + +Just an edit : I think a lot of apes were tired of the abuse and felt that was the only way to get thru to ppl - the apes are about life and love and we want people to see that / I’m going to hold myself to a higher standard going forward - we had to kick and scream and now we can chillax + +Gary sorry for making bad posts about you. They were removed and deleted and You’re appreciated. +6 years ago owning .5 Bitcoin was around $100. Today that would be 24k. + +Don’t think about owning 1 whole bitcoin, it’s about accumulating in these early stages, and yes bitcoin is still early. + +Imagine 6 from now how much a fraction of a bitcoin will be worth. + +Very few people will own 1 whole bitcoin in the future, but you will be ahead of the pack if you start accumulating now while it’s under six figures. 6 years from now when it’s in the millions people will wish they put in what they can at 45-50k. + +we still buy gold all these years later, even though we still have current gold mines running. + +Bitcoin will become more and more scarce as time goes on and eventually owning one fraction of it make you extremely wealthy, simply because of the fact that there will eventually be no more supply and a huge demand. + +Remember the last bitcoin that will ever be mined will be in the year 2140. That would be like if we stopped Mining gold in the 1300s, how much would one ounce of gold be right now? A LOT + +If we stoped printing up money back in the early 1900s, how much would $100 be right now? + +Bitcoin is unlike any other currency/commodity. The supply will eventually run out and those who have even a little bit will control the wealth around the world. +# Welcome back to the Banner Bracket!! + +**You thought there were some close matchups before, well you haven't seen the Bonobo Division!!** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +First of all, we apologize for the delay, there were some technical difficulties, and u/TomatoeHaven needed some time to rebuild today's poll. Make sure to tell him how great he is-- he has put more work into this than any of us! There was some confusion so I wanted to clear a few things up: + +1. we have worked hard to include EVERY banner entry to honor the work and ape behind them, even if some don’t meet the technical/dimensional requirements. If you did not see your favorite, (eg crayon crumble sniffing, Sistine Chapel) don't fret, just stay tuned for the other match-ups. +2. I should have clarified this in my first post to prevent confusion-- Each day we will vote on the first *AND* the second round for that day's division. Starting at 4:20 pm and going for 12 hours Apes can vote on round one, following that you will have twelve more hours to vote on round two. This brings us back to 4:20 pm at which point we start voting on the next division. This process will narrow down the entries to the best of the best, bringing us to the launch of our final faceoff bracket on 4/20 at 4:20 pm... **I don't like to use this term very often, but it is going to be** ***lit*** **🔥** + +Please be aware that there is the possibility of a bit more confusion as we are still working the kinks out of this process. This whole adventure with GME so far has shown that you Apes are very patient, so I am sure you'll be understanding if we run into issues! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**🚀Enough with the boring preamble! Let's get on with the show!!🚀** + +The competition was fierce in the Silverback Division, leaving many feeling like it was a coin toss as to which banners were the most incredible. Just wait for the talent in this next division! + +# BONOBO DIVISION - Round 1 (~12 Hours) + +[https://www.polltab.com/bracket-poll/CpLiJjjqz7b](https://www.polltab.com/bracket-poll/CpLiJjjqz7b) + +32 Banners enter, only 8 move on from their Division, it's really anyone's game! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Just as a final reminder: + +**Bonobo Division** + +Round 1 ~~4:20 pm~~ 4/15 - 4:20 am 4/16 + +Round 2 4:20 am 4/16 - 4:20 pm 4/16 + +**Gibbon Division** + +Round 1 4:20 pm 4/16 - 4:20 am 4/17 + +Round 2 4:20 am 4/17 - 4:20 pm 4/17 + +**Chimpanzee Division** + +Round 1 4:20 pm 4/17 - 4:20 am 4/18 + +Round 2 4:20 am 4/18 - 4:20 pm 4/18 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**📺 Stay tuned, More to follow 📺** +Who was doing the wheel back in Feb/March 2020? I can only assume all of your positions blew up, and you sustained heavy losses. Can you share your experience, especially if you were also using margin. I haven't been in the market long enough doing the wheel to know what it is like to experience a black swan event. I'm mostly looking for reasons why I should be using less margin than I want to. When markets are going up, using margin to do the wheel is a no brainer, its like extra free money. Obviously when ever stock tanks massively, the pain of using margin and doing the wheel must be immense. +Hey guys. I bought 100 shares of spy and I want to hold spy log term and sell covered calls on it too. + +I'm ok with it going in the money and just rolling out and up. + +Anyone do this ? Is Delta 30 good for this stratgy or farther ? +I sold 5 PLTR CCs last week at $21. I was fine to see them go. However, when I checked my account Saturday morning the 500 shares were not called away (when they always disappear from my account). + +Still there this morning. I guess someone didn't realize the market closed early on Friday and never sold them and didn't exercise the option? +I know about pin risk. and that SPX doesnt have shares as its in index. + +But i dont quite understand what it means to be cash settled. when its ITM or OTM. or when early assigned. or even when the "pin risk" scenario happens. + +so what exactly happens for a cash settled position? +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. + + +Hello all, I’ve been familiar with options for a few years now, but only discovered the wheel strategy a month or so ago (thanks to the vid on youtube by Kamikaze Cash!). I’ve been working on some adjustments for my personal preferences, but since I’m mostly self taught I’m never sure if I’ve overlooked anything. I’m hoping some of you might offer some insight on the downsides to what I’d like to do, and as the title says, just destroy my strategy here in this post instead of it getting destroyed in the markets. It looks mostly like the wheel, but some important differences: + +In this example, let’s assume a portfolio with exactly $100k to make computations easier. + +All $100k is invested in a basket of mutual funds and assorted stocks. No cash is available to trade, margin is enabled on the account. + +I sell naked puts on stocks I like, but only risk paying up to 1% of my portfolio in the event of assignment. In this example, let’s look at something like ZNGA, currently trading at $11. I would sell one ZNGA $10 30 DTE contract for roughly $20 in premium. I repeat this on other stocks, with no underlying requiring me to pay more than 1% of my portfolio, and all of my options combined don’t require more than 5% of my portfolio in the event of assignment. But for simplicity, let’s say in this example, I sell 5 ZNGA $10 Mar 26 contracts. + +If I’m never assigned, great, I’m collecting roughly $20/mo for every $1000 at risk, or 24%. + +But otherwise… + +Hypothetically, ZNGA drops to $9 and I’m assigned all contracts. I now have all the shares, and a margin debit because I had no cash. But I still have the rest of my account that acts as collateral, so I’m not getting margin called (if I understand the process correctly). I then sell CCs on the ZNGA shares while carrying a margin balance. According to Fidelity’s margin rates, this account would be charged 6.875% annual interest on the margin balance. Therefore, the premium I would need to collect to break even would be $26.65 monthly. Meanwhile, CCs seem to be paying $40 monthly, even if I select a strike 10% OTM (I’m using today’s real life option chain for these prices). + +So now instead of $20/mo, I’m collecting about $13 for every $1000 at risk, or a still nice 15.6%. + +From what I can tell, it looks as though I come out ahead so long as there’s no catastrophic drop. But even in the absolute worst case scenario, ZNGA to $0, I’m still only out the 5% of my portfolio, less whatever premium I collected in the meantime. + +As I said, any and all attempts to destroy my strat are welcome! Better here than in the actual markets! +Anyone else noticing some shady stuff going on at TD. I bought some shares of BB today and they filled me at a terrible price and then I tried to open some cc's on BB, but there are restrictions on selling to open. Anyone have similar issues? +I’ve been selling TSLA covered calls the past two months as it’s been stuck in the 575-630 channel and have made pretty good premiums in the process. Obviously TSLA gapped up hard the past two days and now my covered call (exp 7/9/2021 640) is deep ITM. Hoping for a pull back before exp so I can close (for less of a loss) or roll, but you never know with TSLA. My cost basis is low with TSLA, but would like to hold on to my shares. I know that selling CC’s on a stock like TSLA is inherently risky and I accepted that risk. Any advice would be appreciated! +If you had to roll for a credit do you mark that closing option as a loss in your journal or is the trade still alive in your eyes? + +Edit: Do you count it towards your Win/Loss ratio? +I have a 200k account currently. I am thinking of selling CSPs on a margin account. If I always roll my puts down and out if they are about to go ITM, whats the worst that can actually happen since I will not be assigned? Any suggestions on how I should go about this, any strategies for selling options, or if I should even take a margin? +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +I was purchasing bitcoins on Circle for months with an unverified account (a small weekly purchase limit). Loving bitcoin, and getting multiple friends into the ecosystem. + +Circle recently put a new requirement on accounts needing my SSN (slightly understandable), a copy of my driver's license, and a selfie. With those 3 documents, if Circle EVER gets hacked, my digital identity will never be safe. + +I can't bring bitcoin to my friends saying: "and upload your divers license here for your first $100 purchase". +A question has been floating around for a while – *why didn’t the shorts just pay in Jan, why do they make their lives worse*? The general answer has been that they are just greedy, but there’s something unsatisfying about that. They might be greedy but they can’t be that stupid. A lot of hedge funds took advantage of RobinHood’s halt on buying to close out their short positions. They took their losses and are making their way back like big boys should. That’s what anyone with half a brain would do. You would just forget about GameStop. + +Now why might market makers and prime brokers not do the same? Why not just take the loss? Because of the anatomy of the **equity swap** and the legal consequences for a broker/market maker when a hedge fund client fails. ESPECIALLY when the client was short. + +To understand an equity swap, let’s start with an equity swap where the **client is long**. That is what happened to Archegos. + +# Equity swap – client goes long + +&#x200B; + +[What happened with Archegos ](https://preview.redd.it/sk9wrycgdes61.png?width=1724&format=png&auto=webp&s=4b4aacda17d1976ca70549a55e1caf0567f010b4) + +I already wrote about this here: \[[https://www.reddit.com/r/GME/comments/mh6gfz/the\_big\_banks\_are\_the\_shorts\_who\_have\_to\_pay\_when/](https://www.reddit.com/r/GME/comments/mh6gfz/the_big_banks_are_the_shorts_who_have_to_pay_when/)\] but to quickly recap, ever since Basel III and the Dodd-Frank Act, it has become more expensive to short stocks the traditional way with margin lending or securities lending. For that reason, the **synthetic prime brokerage** business has boomed, with the most popular transaction being the **equity swap**. + +In a swap, you don’t actually invest in anything. You don’t buy or sell short anything. That would be an investment. You just **PRETEND** to invest. You write a contract outlining the terms and conditions of the pretence and agree on the money each side has to pay depending on how the underlying asset performs. That’s why I labelled the positions **synthetic**. + +This contract will end when it matures and the final payments are made. As you can see from the picture, in the case of **a client going long on the swap**, the swap provider/executing dealer can then unwind the long equity hedge (the hedge is a real position) by selling the security. + +When **Archegos** failed to fulfil its end of the swap, the prime brokers unwound their long hedge by making emergency sales on the open market. It seems that Goldman made enough on the appreciation of the share price until that time to cover its costs, but Credit Suisse and Nomura were late and sold into a falling market, and did not cover the cost of Archegos failing to make its payments. + +# Equity swap – client goes short + +&#x200B; + +[What will happen with GME](https://preview.redd.it/8wi06w78ees61.png?width=1725&format=png&auto=webp&s=a62f72c37e64ec8d3cd4a9274a6db85650cb90bb) + +The positions of provider/dealer and client are reversed in this case. Where client long produces a real long for the dealer, **client short** produces **a real short for the dealer**. This short must be unwound (i.e. the shares acquired) for the swap to end. We know that in 2020, the institutional opinion on GME was very negative. It was a company on the way out. The only reason for any institution which is not a market maker or a broker-dealer to hold GME shares was to make money by lending them out. That would be ETFs, pension funds, long portfolios, etc. You can also see this in the diagram in the **“Market”** box. + +❗ Notice that the dealer in the short equity swap is forced to (short) sell the underlying on the market. + +❗ Notice the box does not include diamond handing apes buying the underlying and not giving it back. + +This is why they are stuck. The hedge fund client, i.e. Melvin as far as we know, has probably already failed. That leaves the dealer with a synthetic long exposure that its hedge fund client can’t pay for and a real short exposure that it can’t cover because apes are holding too many shares. To make things worse, an equity swap’s **notional** resets on each cash flow date in accordance with the performance of the asset. So the equity swap is resetting at a higher and higher price as GME’s price rises. Unless they arranged for a single payment at the end of the contract only. + +# Liability of the prime broker when a hedge fund fails + +When a hedge fund fails, the hedge fund’s customers can go after the prime broker to get their money back. Nuff said. See the sources below if you are interested in the case law. + +# The negative beta + +If you’ve been following me until now, you will know the picture I have built through each of my posts and the responses I seem to be getting from MSM and Kenny G. Here is my timeline again up to **4 April**. + +[At 4 April](https://preview.redd.it/ntimw2svees61.png?width=838&format=png&auto=webp&s=d7cf874799dee6b1a4591e72eaae3d07eca64d67) + +Now I’m not a quant and I don’t know all the ins and outs of the maths that they have put into this market engineering. To my limited, crayon-fuelled understanding, the prime brokers and market makers seem to be engineering a market crash, are likely positioning net short on equities and long on gold to survive. For some reason, the maths is giving GME this crazy negative beta (and GME short a crazy positive beta), meaning their market crash entails that GME will moon. + +# How will the squeeze play out + +I am not sure right now how the squeeze will play out. It’s worth asking how they can potentially crash the market without squeezing. Any market crash is going to need a crisis of the **banks** (who are also the **prime brokers**). We have already seen the mind-blowing losses of **Credit Suisse** and **Nomura** due to client-long equity swaps with **Archegos**. It is likely only the tip of the iceberg. What if the rest of the iceberg is **client-short** equity swaps? *In a long, loss is limited to 100% of exposure. In a short, loss is potentially infinite.* + +# Thick as thieves? + +How much solidarity do thieves really have between each other? + +Have you seen the movie **Margin Call**? That’s what Goldman did with Archegos. They sold out first to save themselves. I can imagine that at some point, one of the brokers is going to go out onto the market to be the first to close their shorts, throwing everyone else after them under the bus. Only then will we see a market crash. (*See my previous posts for what I wrote about the signs I see of a market crash*.) + +🚀 🚀 🚀 🚀 but I can’t dance. + +&#x200B; + +[30-day beta of GME against the Dow Jones at 10 April 2021](https://preview.redd.it/gsl0gkwafes61.png?width=761&format=png&auto=webp&s=91d8cd46f7eebaec64e0b2b0b78761cb72dd9004) + +**Disclaimer:** Educational purposes only. Any errors are my own. Any decisions are your own. + +**Sources:** [http://media.mofo.com/files/uploads/Images/The-ties-that-bind-the-prime-brokerage-relationship.pdf](http://media.mofo.com/files/uploads/Images/The-ties-that-bind-the-prime-brokerage-relationship.pdf) and [https://studylib.net/doc/8844817/thinking-outside-of-the-index--equity-index-futures-and-swaps](https://studylib.net/doc/8844817/thinking-outside-of-the-index--equity-index-futures-and-swaps) and [https://bsic.it/short-selling-bans-the-introduction/](https://bsic.it/short-selling-bans-the-introduction/). For more see previous posts. + +For the \*\*FT'\*\*s article on Archegos and equity swaps, google: *Archegos debacle reveals hidden risk of banks’ lucrative swaps business Derivatives that blew up Hwang family office were growing source of revenue for Wall Street* + +Posted 10 April 2021. +I really did not want to make this post because I know everyone by now is sick and tired of property posts but this issue has been on my mind for a long time now since this is literally my future. I've made my vents so I'm going to skip the whinging and I'm sure many people are 'unhappy' about the current prices to say the least. + + +So the question is what now ? Do we keep living with our parents forever (for those who still live at home) ? Rent for life ? Invest in ETF's/share sand hope that we can buy outright with our portfolios or somehow live off them in our retirement years and hope we don't get evicted every year ? Move to another state or county ? Bite the bullet and settle for questionable apartments and townhouses ? Or take on inter generational mortgages and pass it down to our children and grandchildren ? + + + +I don't see anything changing due to the vested political and financial interests in property prices so I'm not holding my breath hoping for a 'crash' that has been wrongly predicted so many times. So singles, couples, families, Gen x and boomers who missed the gravy train and anyone who has been priced out of Sydney and Melbourne, What now ? For those who did something, what did you do or are currently doing ? + + +Thank you for your time and have a great day. Take care now. + +PS + +These posts tend to get very heated since its a case of 'my investment and financial gain' vs 'my livelihood' so please be nice to each other and try to have empathy for your fellow man and woman. +Hello, + +I'm not sure about any of you but sometimes in my down time I find myself scrolling through Tik-Tok. All I see on Tik-Tok is clearly non-wealthy people with $5 haircuts and Cartier glasses talking about how life insurance is a secret of the rich and you can borrow from your whole life policy and that this is what nobody wants you to know and so on. And I'm thinking to myself, you can borrow from your portfolio, get a HELOC, and even borrow money on material possessions if you really need to, lol. + +I have quite a few of very very wealthy friends, $500m+, and they all say they don't do that at all. + +I totally get the point of having life insurance in-case you die, but to get it for a "wealth growth" strategy.. I don't think so. Put the thousands of dollars you'd put into a policy, into the markets and borrow against that - atleast that's what I would do. + +Does anybody here have insurance to borrow against? Or do you just have it for your family? And also, do you know any wealthy people who have it for the sake of borrowing against it? +i got made president of the econ society at my uni, and am working with the finance society to set up workshops for stat packages. We would like to prioritize the most commonly used in the real world. Unfortunately, my uni is research intensive so most of our professors have limited practical experience. + + +We plan to introduce SAS, STATA, and R. On a related note, we currently only have a Bloomberg workshop...so there is that I guess. +I just woke up, had this amazingly vivid dream about GME. Good news, it's gonna go up, bad news. You motherfuckers start preemptively selling and it can't fully reach what it could. I jumps from 420 at opening to 1k steadly and pretty quick, then a massive sell... it drops to 20 dollars instantly. It jumps again, but not back to to the hundreds easily, it steadily climbs, and reaches 500, then 4k then i myself placed an order at 7420.69 miself. And i sold. Cuz i knew you motherfuckers couldn't hold it. And i was right, it peaked at my sell... And then it went down to 17 bucks, and. It stayed there... + +Don't let this happen, don't sell on monday 💎💎👐👐👐💎💎 + +Not a financial advice, i litteraly dreamt of it. I like the stock. I'm retarted. Don't listen to me. I eat crayons. +Is make a wallet and sign up to the NFT Beta. We should be telling everyone we know and sharing it on all social media channels. Imagine if everyone of us became an ambassador not only for the stock but the COMPANY. Think at the reach we could have if we all did our part. + +GameStop will be measured on the amount of traffic and users on its platforms not by the amount of people that buy their stock. + +I say we make a flair and/or start posting our wallet creations to push everyone to do the same. Let’s make opensea look like a yesterdays news. + +Obligatory rockets 🚀🚀🚀🚀🚀🚀🚀 +In light of recent events, I’ve been interested in understanding how one can justify the involvement of well-established funds in various NFT/crypto-related ventures, e.g. NFT gaming apps with minuscule user bases and little to no global visibility raising hundreds of millions after 1 or 2 years of “activity”. Is it greed? Wishful thinking? Money laundering? Tax evasion? Please enlighten me! + + +FROM ARTICLE + +[Musk offered to buy Twitter for about $43 billion on Thursday](https://www.foxbusiness.com/economy/mark-cuban-says-musk-is-f-with-the-sec-thinks-twitter-will-do-everything-possible-not-to-sell?cmpid=fb_fbn) + + +Dallas Mavericks owner Mark Cuban chimed in on Elon Musk's attempt to purchase Twitter for $43 billion, saying that he thinks the Tesla CEO is "f------ with the SEC" and that Twitter will do everything in their power not to sell.  + +Musk, a popular user on the site with more than 81 million followers, announced the offer on Thursday morning to buy all outstanding shares for $54.20 each.  + +"I believe free speech is a societal imperative for a functioning democracy," Musk said in a Securities and Exchange Commission fling. "I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company." + + +The offer per share, $54.20, is reminiscent of Musk's infamous 2018 tweet in which he said he had the money to take Tesla private at $420 per share, which caused Tesla's stock to jump but never materialized.  + +Musk frequently cracks "420" jokes, as the number is slang for marijuana.  + +Tesla and Musk settled with the SEC for $40 million in civil fines after he said he had the money to take Tesla private.  + +"His filing w/the SEC allows him to say he wants to take a company private for $54.20. Vs his ‘Am considering taking Tesla private at $420. Funding secured.’ Price go up. His shares get sold. Profit," Cuban tweeted. "SEC like WTF just happened."  + + + +Cuban also said he thinks "every major tech company… is on the phone with their anti trust lawyers asking if they can buy Twitter and get it approved."  + +"And Twitter is on the phone with their lawyers asking which can be their white knight," Cuban tweeted. "Gonna be interesting." + + Musk's offer to buy Twitter came 10 days after he announced that he had been buying shares of Twitter since Jan. 31, netting him about a 9% stake in the company.  + + + +On Sunday evening, Twitter CEO Parag Agrawal sent a message to all employees notifying them that Musk declined to join the company's board.  + + + +In the weeks before he announced his 9% stake, Musk criticized Twitter for its moderation policies, saying that "failing to adhere to free speech principles fundamentally undermines democracy."  + +Twitter has been criticized in recent years for banning high-profile figures, such as former President Donald Trump, Republican Georgia Congresswoman Marjorie Taylor Greene, and former White House chief strategist Steve Bannon.  + + + +Musk said Thursday that it would "be utterly indefensible not to put this offer to a shareholder vote." + +"If the current Twitter board takes actions contrary to shareholder interests, they would be breaching their fiduciary duty," Musk tweeted.  +My wife and I are looking to move out of our overpriced tiny apartment into something farther out of our city to find a more affordable place. I am almost certain we could find a decent house for lower mortgage payments than our current rent. What are other costs we should be considering when thinking about buying our first house in the US after apartment living for many years? + +Edit: Thank you all for the insight! Promise I am reading all of this and it is helping with the conversation. + +FULL DISCLOSURE: I am a lurker and this is my first post. I frequent /biz/ and I am a top 25 wallet holder of STATERA. Please understand that my intention is not to shill but to generate discussion regarding the pros/cons of the following project as a possible moonshot. + +&#x200B; + +To begin this discussion, I will ask, "What is an index fund?" + +An index fund is a fund that can track a specified basket of underlying investments and in this case: BTC, ETH, LINK, and SNX all "balanced" with STA. These coins are set in the fund at a specified percent so as one goes up or down the others are automatically bought or sold to balance risk and maximize profit. + +HOWEVER, the key is that STA is deflationary (whenever a STA transaction happens for buying/selling/pooling, 1% of said transaction is burned). This token burn along with tokens being locked in pools, pressures prices up to again make sure the other coins will be balanced, but also creates arbitrage opportunities across funds. + +&#x200B; + +Why is increasing volume, liquidity and arbitrage useful with STATERA? + +Well while pooling STATERA you earn a percent of all transaction fees in the liquidity pool. Please feel free to read the medium article outlining the first 2-3 months which came out to be an APY of 36% essentially creating dividends where there were none ([https://medium.com/@stateraproject](https://medium.com/@stateraproject)). + +The power of STA is that the ripple effect of: (1) compounded fees, (2) token burn, (3) price pulled by balancing with ETH, BTC, SNX and LINK leads to an exponential effect and positive feedback loop on price. This leads to the concept created by STATERA known as "Volume Farming." + +&#x200B; + +Can the team dump? + +No, this is the most decentralized token as the project much like BTC is out of Satoshi's hands, STA is out of the hands of the devs who only own <4%. In fact, I own more STATERA than some of the devs. + +&#x200B; + +Can’t I just hold BTC, ETH, LINK or any other coins and balance my own index fund? + +Yes, but can you add in a way to collect dividends (>36% APY) on your coins based solely on their volume/trading? Can you add in a mechanism that causes constant upward pressure in your index fund? Can you capitalize on every arbitrage opportunity for all the above coins to auto-balance and make gains when possible 24/7? Can you do all of the above in a trustless and truly decentralized (largest holder \~6% of supply) manner? + +&#x200B; + +What is the low volume/high volatility problem? + +If an asset or contract has low volume then it is susceptible to high volatility. This leads to the premature failure of many promising projects and contracts early in development and is one of the main barriers to a fully decentralized and digital world. A simple quant balancer cannot solve this as in finance 1.0 because if the volatilty is too high then such a balancer is subject to fail also. However the addition of a deflationary mechanism creates inherent feedback ensuring that it cannot fail unless the entire digital market (ETH, BTC, LINK) collapses. It allows new projects and new contracts to solve the initial growing pains of high volatility and manipulation. + +But what if bad actors simply manipulate STA? + +This is why the fully decentralized aspect is important. + +&#x200B; + +But what if no one uses it? + +Then it fails. However, here are some possible reasons to support why it will be used include: First-mover advantage (FMA) and simply put, people are already using it. If BAL and subsequently Phoenix go on coinbase then it will not be long until STA is cemented as the industry standard. However, this is the key. If we do not utilize this tool then it will fail. This does not mean we need more people buying it. But more people using it and allowing it to be integrated into their pools, funds, contracts, etc. If more projects integrate it then new buyers are not necessary and therefore new holders of STA are not needed to generate income using STATERA as a community balancing tool. + +&#x200B; + +Why is the price so low if this project is so promising? + +This project was greatly anticipated, and it is still very young (4 months old) and it was very bullish since its inception. However, BALANCER labs was hacked utilizing the STATERA deflationary mechanism which has since been fixed utilizing the Delta token. Even more impressive is that STATERA and then BAL refunded the tokens lost during the hack which given the steep increase in price of the tokens we far more money than the initial investors lost. Crypto YT personalities such as Bitboy crypto, Chico Crypto and Ivan on Tech have all promoted STATERA with Ivan and Bitboy promoting STA and the applauding the refunds separately. + +&#x200B; + +So why is this a moonshot? + +Given how young this project is and the rapid growth it has had from $0.03 to a local peak of $0.46 followed by a correction to $0.15-$0.30, it has garnered great interest in /biz/ where it is now behind chainlink as one of the most promising projects for a "long-term hold". The number of holders continues to grow and is currently at \~4400 with volume rising regularly and recovered significantly since the price dip from the BAL hack. However, despite how bullish the community are, it is still only a 11 mill mcap to 30 mill mcap coin. Given the use case and integration with blue-chip coins it is not unreasonable to see it achieve an mcap of a top 50 coin, but that is conjecture on my part. Beyond this the project's team is actively working on new ways to increase liquidity, volume, transaction fees, arb opportunities, etc. by getting STA listing on multiple new exchanges including 5 new exchanges coming in September, 2020, and new integrations and pools for STATERA to balance. + +&#x200B; + +I am happy to discuss price projections and the calculations that went into it, but the current models used for price prediction will need to be taken with a grain of salt given the assumptions made in the models (BTC reaching 80k by EONY, for example). For now, I am happy to have had your attention. Please let me know your thoughts and recommendations as they are greatly appreciated. +Edit: + +Thank you guys for the input. If you want an update here is a small one: + +1) prior to making this post I had called and emailed my former employer multiple times asking for more information on my 401(k) and was ignored. + +2) the spd was never given to me nor the three other employees that I asked. However I do remember having a conversation with hr regarding my 401(k). The conversation was that I would contribute 7% and they were contribute 4% so that it would total 10%. Perhaps I misunderstood that conversation but I reiterated that that would be in my offer letter, and it was put in. unfortunately it sounds like they used their own discretion in the verbiage “up to 4%” and I just didn’t know better. + +3) I called the 401k provider asking for the spd.They stated they do not keep it and to contact my former employer. + +4) there is currently a paga claim being filed against them. I’ll reach out to that lawyer to see what (if any) recourse I have. + +Thank you again for the help. If anything, I definitely learned to ask more questions prior to signing a job offer. + +Hi all, + +I am in California and I recently left a job due to them paying me incorrectly (expecting free overtime, not paying missed meal penalties, not providing breaks etc) +I was in the process of transferring my 401k and notice that they never contributed anything on their end. They did put in my money but a contribution on their end was included in both my offer letter and my employee handbook. But I confirmed with the 401k company that they never contributed a single penny. +Edit : +This is the only information that was included in my offer letter: + +Retirement Plan: 401k with employer match up to 4%. + + + +This is the only information that was in my employee handbook: + +The Company participates in a retirement plan for all eligible employees who have completed six (6) months of continuous service. Employees are eligible to enroll on the 1st of the month following the completion of the sixty (60) day waiting period. + +What do you guys think the best route to deal with all this is? Really appreciate any advice you have +Everyone's got a crypto "If Only" story, so let's hear them. I have two... + +&#x200B; + +**Story 1 - Dash** + +Firstly, I had 2717 Dash coins back in September 2015. They were worth about $2.40 each back then. + +During the bull run of December 2017, Dash peaked around $1500 per coin. + +DO THE MATH. + +What did I do with the coins? Well it's simple. They were stored on [Cryptsy.com](https://Cryptsy.com), that got hacked in 2015. + +That bull run hurt me, a lot. + +&#x200B; + +**Story 2 - Dogecoin** + +This one doesn't hurt as much for some reason, perhaps it should? + +I used to mine Dogecoin back in 2014. Had a bunch of PCs all mining away. Used to buy some too. + +At one point I had a wallet with 20,000,000 doge in. + +Sold the lot as for Litecoin I think, as back then Doge wasn't really worth much and didn't have anything seemingly going for it. A single Dogecoin was worth about $0.00022. + +DO THE MATH. + +&#x200B; + +&#x200B; + +**Anyone beat them?** +BECAUSE I CANNOT STRESS THIS ENOUGH, I AM REPOSTING THE TEXT VERSION OF THE COINTELPRO DOC FOR PEOPLE TO READ. A RABID BIZNESSMAN INSIDE. + +**TLDR FOR THE CHIMPS: HOLY SHIT A SCRIPT ON HOW TO DESTROY A COMMUNITY, SURE WOULD HATE FOR THIS TO JUST BE CASUALLY LEFT OUT IN THE O- WHOOOOOOOOOOOOOOOOOOOPS** + + + + +[JUST TAKING OUT THE TRASH, DON'T MIND THESE PAPERS I DROPPED](https://preview.redd.it/ldcbcpyi9tu61.png?width=512&format=png&auto=webp&s=aac2a54254a15b23bfdb93b11b3c319c65373d29) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +1. COINTELPRO Techniques for dilution, misdirection and control of a internet forum +2. Twenty-Five Rules of Disinformation +3. Eight Traits of the Disinformationalist +4. How to Spot a Spy (Cointelpro Agent) +5. Seventeen Techniques for Truth Suppression + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +COINTELPRO Techniques for dilution, misdirection and control of a internet forum.. + +There are several techniques for the control and manipulation of a internet forum no matter what, or who is on it. We will go over each technique and demonstrate that only a minimal number of operatives can be used to eventually and effectively gain a control of a 'uncontrolled forum.' + +**Technique #1 - 'FORUM SLIDING'** + +If a very sensitive posting of a critical nature has been posted on a forum - it can be quickly removed from public view by 'forum sliding.' In this technique a number of unrelated posts are quietly prepositioned on the forum and allowed to 'age.' Each of these misdirectional forum postings can then be called upon at will to trigger a 'forum slide.' The second requirement is that several fake accounts exist, which can be called upon, to ensure that this technique is not exposed to the public. To trigger a 'forum slide' and 'flush' the critical post out of public view it is simply a matter of logging into each account both real and fake and then 'replying' to prepositined postings with a simple 1 or 2 line comment. This brings the unrelated postings to the top of the forum list, and the critical posting 'slides' down the front page, and quickly out of public view. Although it is difficult or impossible to censor the posting it is now lost in a sea of unrelated and unuseful postings. By this means it becomes effective to keep the readers of the forum reading unrelated and non-issue items. + +**Technique #2 - 'CONSENSUS CRACKING'** + +A second highly effective technique (which you can see in operation all the time at [www.abovetopsecret.com](http://www.abovetopsecret.com/)) is 'consensus cracking.' To develop a consensus crack, the following technique is used. Under the guise of a fake account a posting is made which looks legitimate and is towards the truth is made - but the critical point is that it has a VERY WEAK PREMISE without substantive proof to back the posting. Once this is done then under alternative fake accounts a very strong position in your favour is slowly introduced over the life of the posting. It is IMPERATIVE that both sides are initially presented, so the uninformed reader cannot determine which side is the truth. As postings and replies are made the stronger 'evidence' or disinformation in your favour is slowly 'seeded in.' Thus the uninformed reader will most like develop the same position as you, and if their position is against you their opposition to your posting will be most likely dropped. However in some cases where the forum members are highly educated and can counter your disinformation with real facts and linked postings, you can then 'abort' the consensus cracking by initiating a 'forum slide.' + +**Technique #3 - 'TOPIC DILUTION'** + +Topic dilution is not only effective in forum sliding it is also very useful in keeping the forum readers on unrelated and non-productive issues. This is a critical and useful technique to cause a 'RESOURCE BURN.' By implementing continual and non-related postings that distract and disrupt (trolling ) the forum readers they are more effectively stopped from anything of any real productivity. If the intensity of gradual dilution is intense enough, the readers will effectively stop researching and simply slip into a 'gossip mode.' In this state they can be more easily misdirected away from facts towards uninformed conjecture and opinion. The less informed they are the more effective and easy it becomes to control the entire group in the direction that you would desire the group to go in. It must be stressed that a proper assessment of the psychological capabilities and levels of education is first determined of the group to determine at what level to 'drive in the wedge.' By being too far off topic too quickly it may trigger censorship by a forum moderator. + +**Technique #4 - 'INFORMATION COLLECTION'** + +Information collection is also a very effective method to determine the psychological level of the forum members, and to gather intelligence that can be used against them. In this technique in a light and positive environment a 'show you mine so me yours' posting is initiated. From the number of replies and the answers that are provided much statistical information can be gathered. An example is to post your 'favourite weapon' and then encourage other members of the forum to showcase what they have. In this matter it can be determined by reverse proration what percentage of the forum community owns a firearm, and or a illegal weapon. This same method can be used by posing as one of the form members and posting your favourite 'technique of operation.' From the replies various methods that the group utilizes can be studied and effective methods developed to stop them from their activities. + +**Technique #5 - 'ANGER TROLLING'** + +Statistically, there is always a percentage of the forum posters who are more inclined to violence. In order to determine who these individuals are, it is a requirement to present a image to the forum to deliberately incite a strong psychological reaction. From this the most violent in the group can be effectively singled out for reverse IP location and possibly local enforcement tracking. To accomplish this only requires posting a link to a video depicting a local police officer massively abusing his power against a very innocent individual. Statistically of the million or so police officers in America there is always one or two being caught abusing there powers and the taping of the activity can be then used for intelligence gathering purposes - without the requirement to 'stage' a fake abuse video. This method is extremely effective, and the more so the more abusive the video can be made to look. Sometimes it is useful to 'lead' the forum by replying to your own posting with your own statement of violent intent, and that you 'do not care what the authorities think!!' inflammation. By doing this and showing no fear it may be more effective in getting the more silent and self-disciplined violent intent members of the forum to slip and post their real intentions. This can be used later in a court of law during prosecution. + +**Technique #6 - 'GAINING FULL CONTROL'** + +It is important to also be harvesting and continually maneuvering for a forum moderator position. Once this position is obtained, the forum can then be effectively and quietly controlled by deleting unfavourable postings - and one can eventually steer the forum into complete failure and lack of interest by the general public. This is the 'ultimate victory' as the forum is no longer participated with by the general public and no longer useful in maintaining their freedoms. Depending on the level of control you can obtain, you can deliberately steer a forum into defeat by censoring postings, deleting memberships, flooding, and or accidentally taking the forum offline. By this method the forum can be quickly killed. However it is not always in the interest to kill a forum as it can be converted into a 'honey pot' gathering center to collect and misdirect newcomers and from this point be completely used for your control for your agenda purposes. + +**CONCLUSION** + +**Remember these techniques are only effective if the forum participants DO NOT KNOW ABOUT THEM.** Once they are aware of these techniques the operation can completely fail, and the forum can become uncontrolled. At this point other avenues must be considered such as initiating a false legal precidence to simply have the forum shut down and taken offline. This is not desirable as it then leaves the enforcement agencies unable to track the percentage of those in the population who always resist attempts for control against them. Many other techniques can be utilized and developed by the individual and as you develop further techniques of infiltration and control it is imperative to share then with HQ. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Twenty-Five Rules of Disinformation + +*Note: The first rule and last five (or six, depending on situation) rules are generally not directly within the ability of the traditional disinfo artist to apply. These rules are generally used more directly by those at the leadership, key players, or planning level of the criminal conspiracy or conspiracy to cover up.* + +**1.** Hear no evil, see no evil, speak no evil. **Regardless of what you know, don't discuss it** \-- especially if you are a public figure, news anchor, etc. If it's not reported, it didn't happen, and you never have to deal with the issues. + +**2. Become incredulous and indignant.** Avoid discussing key issues and instead focus on side issues which can be used show the topic as being critical of some otherwise sacrosanct group or theme. This is also known as the 'How dare you!' gambit. + +**3.** Create rumor mongers. **Avoid discussing issues by describing all charges, regardless of venue or evidence, as mere rumors and wild accusations.** Other derogatory terms mutually exclusive of truth may work as well. This method which works especially well with a silent press, because the only way the public can learn of the facts are through such 'arguable rumors'. If you can associate the material with the Internet, use this fact to certify it a 'wild rumor' from a 'bunch of kids on the Internet' which can have no basis in fact. + +**4. Use a straw man.** Find or create a seeming element of your opponent's argument which you can easily knock down to make yourself look good and the opponent to look bad. Either make up an issue you may safely imply exists based on your interpretation of the opponent/opponent arguments/situation, or select the weakest aspect of the weakest charges. Amplify their significance and destroy them in a way which appears to debunk all the charges, real and fabricated alike, while actually avoiding discussion of the real issues. + +**5. Sidetrack opponents with name calling and ridicule.** This is also known as the primary 'attack the messenger' ploy, though other methods qualify as variants of that approach. Associate opponents with unpopular titles such as 'kooks', 'right-wing', 'liberal', 'left-wing', 'terrorists', 'conspiracy buffs', 'radicals', 'militia', 'racists', 'religious fanatics', 'sexual deviates', and so forth. This makes others shrink from support out of fear of gaining the same label, and you avoid dealing with issues. + +**6.** Hit and Run. In any public forum, **make a brief attack of your opponent or the opponent position and then scamper off before an answer can be fielded**, or simply ignore any answer. This works extremely well in Internet and letters-to-the-editor environments where a steady stream of new identities can be called upon without having to explain criticism, reasoning -- simply make an accusation or other attack, never discussing issues, and never answering any subsequent response, for that would dignify the opponent's viewpoint. + +**7.** Question motives. **Twist or amplify any fact which could be taken to imply that the opponent operates out of a hidden personal agenda or other bias.** This avoids discussing issues and forces the accuser on the defensive. + +**8.** Invoke authority. **Claim for yourself or associate yourself with authority and present your argument with enough 'jargon' and 'minutia' to illustrate you are 'one who knows'**, and simply say it isn't so without discussing issues or demonstrating concretely why or citing sources. + +**9.** Play Dumb. No matter what evidence or logical argument is offered, **avoid discussing issues except with denials they have any credibility**, make any sense, provide any proof, contain or make a point, have logic, or support a conclusion. Mix well for maximum effect. + +**10. Associate opponent charges with old news.** A derivative of the straw man -- usually, in any large-scale matter of high visibility, someone will make charges early on which can be or were already easily dealt with - a kind of investment for the future should the matter not be so easily contained.) Where it can be foreseen, have your own side raise a straw man issue and have it dealt with early on as part of the initial contingency plans. Subsequent charges, regardless of validity or new ground uncovered, can usually then be associated with the original charge and dismissed as simply being a rehash without need to address current issues -- so much the better where the opponent is or was involved with the original source. + +**11.** Establish and rely upon fall-back positions. **Using a minor matter or element of the facts, take the 'high road' and 'confess' with candor that some innocent mistake, in hindsight, was made** \-- but that opponents have seized on the opportunity to blow it all out of proportion and imply greater criminalities which, 'just isn't so.' Others can reinforce this on your behalf, later, and even publicly 'call for an end to the nonsense' because you have already 'done the right thing.' Done properly, this can garner sympathy and respect for 'coming clean' and 'owning up' to your mistakes without addressing more serious issues. + +**12.** Enigmas have no solution. Drawing upon the overall umbrella of events surrounding the crime and the multitude of players and events, **paint the entire affair as too complex to solve**. This causes those otherwise following the matter to begin to lose interest more quickly without having to address the actual issues. + +**13.** Alice in Wonderland Logic. **Avoid discussion of the issues by reasoning backwards or with an apparent deductive logic** which forbears any actual material fact. + +**14.** Demand complete solutions. **Avoid the issues by requiring opponents to solve the crime at hand completely**, a ploy which works best with issues qualifying for rule 10. + +**15. Fit the facts to alternate conclusions.** This requires creative thinking unless the crime was planned with contingency conclusions in place. + +**16. Vanish evidence and witnesses.** If it does not exist, it is not fact, and you won't have to address the issue. + +**17. Change the subject.** Usually in connection with one of the other ploys listed here, find a way to side-track the discussion with abrasive or controversial comments in hopes of turning attention to a new, more manageable topic. This works especially well with companions who can 'argue' with you over the new topic and polarize the discussion arena in order to avoid discussing more key issues. + +**18. Emotionalize, Antagonize, and Goad Opponents.** If you can't do anything else, chide and taunt your opponents and draw them into emotional responses which will tend to make them look foolish and overly motivated, and generally render their material somewhat less coherent. Not only will you avoid discussing the issues in the first instance, but even if their emotional response addresses the issue, you can further avoid the issues by then focusing on how 'sensitive they are to criticism.' + +**19. Ignore proof presented, demand impossible proofs.** This is perhaps a variant of the 'play dumb' rule. Regardless of what material may be presented by an opponent in public forums, claim the material irrelevant and demand proof that is impossible for the opponent to come by (it may exist, but not be at his disposal, or it may be something which is known to be safely destroyed or withheld, such as a murder weapon.) In order to completely avoid discussing issues, it may be required that you to categorically deny and be critical of media or books as valid sources, deny that witnesses are acceptable, or even deny that statements made by government or other authorities have any meaning or relevance. + +**20.** False evidence. **Whenever possible, introduce new facts or clues designed and manufactured to conflict with opponent presentations** \-- as useful tools to neutralize sensitive issues or impede resolution. This works best when the crime was designed with contingencies for the purpose, and the facts cannot be easily separated from the fabrications. + +**21.** Call a Grand Jury, Special Prosecutor, or other empowered investigative body. **Subvert the (process) to your benefit and effectively neutralize all sensitive issues without open discussion.** Once convened, the evidence and testimony are required to be secret when properly handled. For instance, if you own the prosecuting attorney, it can insure a Grand Jury hears no useful evidence and that the evidence is sealed and unavailable to subsequent investigators. Once a favorable verdict is achieved, the matter can be considered officially closed. Usually, this technique is applied to find the guilty innocent, but it can also be used to obtain charges when seeking to frame a victim. + +**22. Manufacture a new truth.** Create your own expert(s), group(s), author(s), leader(s) or influence existing ones willing to forge new ground via scientific, investigative, or social research or testimony which concludes favorably. In this way, if you must actually address issues, you can do so authoritatively. + +**23. Create bigger distractions.** If the above does not seem to be working to distract from sensitive issues, or to prevent unwanted media coverage of unstoppable events such as trials, create bigger news stories (or treat them as such) to distract the multitudes. + +**24. Silence critics.** If the above methods do not prevail, consider removing opponents from circulation by some definitive solution so that the need to address issues is removed entirely. This can be by their death, arrest and detention, blackmail or destruction of their character by release of blackmail information, or merely by destroying them financially, emotionally, or severely damaging their health. + +**25. Vanish.** If you are a key holder of secrets or otherwise overly illuminated and you think the heat is getting too hot, to avoid the issues, vacate the kitchen. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Eight Traits of the Disinformationalist + +**1) Avoidance.** They never actually discuss issues head-on or provide constructive input, generally avoiding citation of references or credentials. Rather, they merely imply this, that, and the other. Virtually everything about their presentation implies their authority and expert knowledge in the matter without any further justification for credibility. + +**2) Selectivity.** They tend to pick and choose opponents carefully, either applying the hit-and-run approach against mere commentators supportive of opponents, or focusing heavier attacks on key opponents who are known to directly address issues. Should a commentator become argumentative with any success, the focus will shift to include the commentator as well. + +**3) Coincidental.** They tend to surface suddenly and somewhat coincidentally with a new controversial topic with no clear prior record of participation in general discussions in the particular public arena involved. They likewise tend to vanish once the topic is no longer of general concern. They were likely directed or elected to be there for a reason, and vanish with the reason. + +**4) Teamwork.** They tend to operate in self-congratulatory and complementary packs or teams. Of course, this can happen naturally in any public forum, but there will likely be an ongoing pattern of frequent exchanges of this sort where professionals are involved. Sometimes one of the players will infiltrate the opponent camp to become a source for straw man or other tactics designed to dilute opponent presentation strength. + +**5) Anti-conspiratorial.** They almost always have disdain for 'conspiracy theorists' and, usually, for those who in any way believe JFK was not killed by LHO. Ask yourself why, if they hold such disdain for conspiracy theorists, do they focus on defending a single topic discussed in a NG focusing on conspiracies? One might think they would either be trying to make fools of everyone on every topic, or simply ignore the group they hold in such disdain.Or, one might more rightly conclude they have an ulterior motive for their actions in going out of their way to focus as they do. + +**6) Artificial Emotions.** An odd kind of 'artificial' emotionalism and an unusually thick skin -- an ability to persevere and persist even in the face of overwhelming criticism and unacceptance. This likely stems from intelligence community training that, no matter how condemning the evidence, deny everything, and never become emotionally involved or reactive. The net result for a disinfo artist is that emotions can seem artificial. + +Most people, if responding in anger, for instance, will express their animosity throughout their rebuttal. But disinfo types usually have trouble maintaining the 'image' and are hot and cold with respect to pretended emotions and their usually more calm or unemotional communications style. It's just a job, and they often seem unable to 'act their role in character' as well in a communications medium as they might be able in a real face-to-face conversation/confrontation. You might have outright rage and indignation one moment, ho-hum the next, and more anger later -- an emotional yo-yo. + +With respect to being thick-skinned, no amount of criticism will deter them from doing their job, and they will generally continue their old disinfo patterns without any adjustments to criticisms of how obvious it is that they play that game -- where a more rational individual who truly cares what others think might seek to improve their communications style, substance, and so forth, or simply give up. + +**7) Inconsistent.** There is also a tendency to make mistakes which betray their true self/motives. This may stem from not really knowing their topic, or it may be somewhat 'freudian', so to speak, in that perhaps they really root for the side of truth deep within. + +I have noted that often, they will simply cite contradictory information which neutralizes itself and the author. For instance, one such player claimed to be a Navy pilot, but blamed his poor communicating skills (spelling, grammar, incoherent style) on having only a grade-school education. I'm not aware of too many Navy pilots who don't have a college degree. Another claimed no knowledge of a particular topic/situation but later claimed first-hand knowledge of it. + +**8) Time Constant.** Recently discovered, with respect to News Groups, is the response time factor. There are three ways this can be seen to work, especially when the government or other empowered player is involved in a cover up operation: + +a) ANY NG posting by a targeted proponent for truth can result in an IMMEDIATE response. The government and other empowered players can afford to pay people to sit there and watch for an opportunity to do some damage. SINCE DISINFO IN A NG ONLY WORKS IF THE READER SEES IT - FAST RESPONSE IS CALLED FOR, or the visitor may be swayed towards truth. + +b) When dealing in more direct ways with a disinformationalist, such as email, DELAY IS CALLED FOR - there will usually be a minimum of a 48-72 hour delay. This allows a sit-down team discussion on response strategy for best effect, and even enough time to 'get permission' or instruction from a formal chain of command. + +c) In the NG example 1) above, it will often ALSO be seen that bigger guns are drawn and fired after the same 48-72 hours delay - the team approach in play. This is especially true when the targeted truth seeker or their comments are considered more important with respect to potential to reveal truth. Thus, a serious truth sayer will be attacked twice for the same sin. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +How to Spot a Spy (Cointelpro Agent) + +One way to neutralize a potential activist is to get them to be in a group that does all the wrong things. Why? + +**1)** The message doesn't get out. + +**2)** A lot of time is wasted + +**3)** The activist is frustrated and discouraged + +**4)** Nothing good is accomplished. + +FBI and Police Informers and Infiltrators will infest any group and they have phoney activist organizations established. + +Their purpose is to prevent any real movement for justice or eco-peace from developing in this country. + +Agents come in small, medium or large. They can be of any ethnic background. They can be male or female. + +The actual size of the group or movement being infiltrated is irrelevant. It is the potential the movement has for becoming large which brings on the spies and saboteurs. + +This booklet lists tactics agents use to slow things down, foul things up, destroy the movement and keep tabs on activists. + +It is the agent's job to keep the activist from quitting such a group, thus keeping him/her under control. + +In some situations, to get control, the agent will tell the activist: + +* "You're dividing the movement." + +\[Here, I have added the psychological reasons as to WHY this maneuver works to control people\] + +This invites guilty feelings. Many people can be controlled by guilt. The agents begin relationships with activists behind a well-developed mask of "dedication to the cause." Because of their often declared dedication, (and actions designed to prove this), when they criticize the activist, he or she - being truly dedicated to the movement - becomes convinced that somehow, any issues are THEIR fault. This is because a truly dedicated person tends to believe that everyone has a conscience and that nobody would dissimulate and lie like that "on purpose." It's amazing how far agents can go in manipulating an activist because the activist will constantly make excuses for the agent who regularly declares their dedication to the cause. Even if they do, occasionally, suspect the agent, they will pull the wool over their own eyes by rationalizing: "they did that unconsciously... they didn't really mean it... I can help them by being forgiving and accepting " and so on and so forth. + +The agent will tell the activist: + +* "You're a leader!" + +This is designed to enhance the activist's self-esteem. His or her narcissistic admiration of his/her own activist/altruistic intentions increase as he or she identifies with and consciously admires the altruistic declarations of the agent which are deliberately set up to mirror those of the activist. + +This is "malignant pseudoidentification." It is the process by which the agent consciously imitates or simulates a certain behavior to foster the activist's identification with him/her, thus increasing the activist's vulnerability to exploitation. The agent will simulate the more subtle self-concepts of the activist. + +Activists and those who have altruistic self-concepts are most vulnerable to malignant pseudoidentification especially during work with the agent when the interaction includes matter relating to their competency, autonomy, or knowledge. + +The goal of the agent is to increase the activist's general empathy for the agent through pseudo-identification with the activist's self-concepts. + +The most common example of this is the agent who will compliment the activist for his competency or knowledge or value to the movement. On a more subtle level, the agent will simulate affects and mannerisms of the activist which promotes identification via mirroring and feelings of "twinship". It is not unheard of for activists, enamored by the perceived helpfulness and competence of a good agent, to find themselves considering ethical violations and perhaps, even illegal behavior, in the service of their agent/handler. + +The activist's "felt quality of perfection" \[self-concept\] is enhanced, and a strong empathic bond is developed with the agent through his/her imitation and simulation of the victim's own narcissistic investments. \[self-concepts\] That is, if the activist knows, deep inside, their own dedication to the cause, they will project that onto the agent who is "mirroring" them. + +The activist will be deluded into thinking that the agent shares this feeling of identification and bonding. In an activist/social movement setting, the adversarial roles that activists naturally play vis a vis the establishment/government, fosters ongoing processes of intrapsychic splitting so that "twinship alliances" between activist and agent may render whole sectors or reality testing unavailable to the activist. They literally "lose touch with reality." + +Activists who deny their own narcissistic investments \[do not have a good idea of their own self-concepts and that they ARE concepts\] and consciously perceive themselves (accurately, as it were) to be "helpers" endowed with a special amount of altruism are exceedingly vulnerable to the affective (emotional) simulation of the accomplished agent. + +Empathy is fostered in the activist through the expression of quite visible affects. The presentation of tearfulness, sadness, longing, fear, remorse, and guilt, may induce in the helper-oriented activist a strong sense of compassion, while unconsciously enhancing the activist's narcissistic investment in self as the embodiment of goodness. + +The agent's expresssion of such simulated affects may be quite compelling to the observer and difficult to distinguish from deep emotion. + +It can usually be identified by two events, however: + +First, the activist who has analyzed his/her own narcissistic roots and is aware of his/her own potential for being "emotionally hooked," will be able to remain cool and unaffected by such emotional outpourings by the agent. + +As a result of this unaffected, cool, attitude, the Second event will occur: The agent will recompensate much too quickly following such an affective expression leaving the activist with the impression that "the play has ended, the curtain has fallen," and the imposture, for the moment, has finished. The agent will then move quickly to another activist/victim. + +The fact is, the movement doesn't need leaders, it needs MOVERS. "Follow the leader" is a waste of time. + +A good agent will want to meet as often as possible. He or she will talk a lot and say little. One can expect an onslaught of long, unresolved discussions. + +**Some agents take on a pushy, arrogant, or defensive manner:** + +**1)** To disrupt the agenda + +**2)** To side-track the discussion + +**3)** To interrupt repeatedly + +**4)** To feign ignorance + +**5)** To make an unfounded accusation against a person. + +Calling someone a racist, for example. This tactic is used to discredit a person in the eyes of all other group members. + +**Saboteurs** + +Some saboteurs pretend to be activists. She or he will .... + +**1)** Write encyclopedic flyers (in the present day, websites) + +**2)** Print flyers in English only. + +**3)** Have demonstrations in places where no one cares. + +**4)** Solicit funding from rich people instead of grass roots support + +**5)** Display banners with too many words that are confusing. + +**6)** Confuse issues. + +**7)** Make the wrong demands. + +**8)** Compromise the goal. + +**9)** Have endless discussions that waste everyone's time. The agent may accompany the endless discussions with drinking, pot smoking or other amusement to slow down the activist's work. + +**Provocateurs** + +**1)** Want to establish "leaders" to set them up for a fall in order to stop the movement. + +**2)** Suggest doing foolish, illegal things to get the activists in trouble. + +**3)** Encourage militancy. + +**4)** Want to taunt the authorities. + +**5)** Attempt to make the activist compromise their values. + +**6)** Attempt to instigate violence. Activisim ought to always be non-violent. + +**7)** Attempt to provoke revolt among people who are ill-prepared to deal with the reaction of the authorities to such violence. + +**Informants** + +**1)** Want everyone to sign up and sing in and sign everything. + +**2)** Ask a lot of questions (gathering data). + +**3)** Want to know what events the activist is planning to attend. + +**4)** Attempt to make the activist defend him or herself to identify his or her beliefs, goals, and level of committment. + +**Recruiting** + +Legitimate activists do not subject people to hours of persuasive dialog. Their actions, beliefs, and goals speak for themselves. + +Groups that DO recruit are missionaries, military, and fake political parties or movements set up by agents. + +**Surveillance** + +**ALWAYS** assume that you are under surveillance. + +At this point, if you are NOT under surveillance, you are not a very good activist! + +**Scare Tactics** + +They use them. + +Such tactics include slander, defamation, threats, getting close to disaffected or minimally committed fellow activists to persuade them (via psychological tactics described above) to turn against the movement and give false testimony against their former compatriots. They will plant illegal substances on the activist and set up an arrest; they will plant false information and set up "exposure," they will send incriminating letters \[emails\] in the name of the activist; and more; they will do whatever society will allow. + +This booklet in no way covers all the ways agents use to sabotage the lives of sincere an dedicated activists. + +If an agent is "exposed," he or she will be transferred or replaced. + +COINTELPRO is still in operation today under a different code name. It is no longer placed on paper where it can be discovered through the freedom of information act. + +The FBI counterintelligence program's stated purpose: *To expose, disrupt, misdirect, discredit, and otherwise neutralize individuals who the FBI categorize as opposed to the National Interests*. "National Security" means the FBI's security from the people ever finding out the vicious things it does in violation of people's civil liberties. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Seventeen Techniques for Truth Suppression + +*Strong, credible allegations of high-level criminal activity can bring down a government. When the government lacks an effective, fact-based defense, other techniques must be employed. The success of these techniques depends heavily upon a cooperative, compliant press and a mere token opposition party.* + +**1. Dummy up.** If it's not reported, if it's not news, it didn't happen. + +**2. Wax indignant.** This is also known as the "How dare you?" gambit. + +**3. Characterize the charges as "rumors" or, better yet, "wild rumors."** If, in spite of the news blackout, the public is still able to learn about the suspicious facts, it can only be through "rumors." (If they tend to believe the "rumors" it must be because they are simply "paranoid" or "hysterical.") + +**4.** Knock down straw men. **Deal only with the weakest aspects of the weakest charges.** Even better, create your own straw men. Make up wild rumors (or plant false stories) and give them lead play when you appear to debunk all the charges, real and fanciful alike. + +**5. Call the skeptics names like "conspiracy theorist," "nutcase," "ranter," "kook," "crackpot," and, of course, "rumor monger."** Be sure, too, to use heavily loaded verbs and adjectives when characterizing their charges and defending the "more reasonable" government and its defenders. You must then carefully avoid fair and open debate with any of the people you have thus maligned. For insurance, set up your own "skeptics" to shoot down. + +**6.** Impugn motives. **Attempt to marginalize the critics by suggesting strongly that they are not really interested in the truth** but are simply pursuing a partisan political agenda or are out to make money (compared to over-compensated adherents to the government line who, presumably, are not). + +**7. Invoke authority.** Here the controlled press and the sham opposition can be very useful. + +**8. Dismiss the charges as "old news."** + +**9. Come half-clean.** This is also known as "confession and avoidance" or "taking the limited hangout route." This way, you create the impression of candor and honesty while you admit only to relatively harmless, less-than-criminal "mistakes." This stratagem often requires the embrace of a fall-back position quite different from the one originally taken. With effective damage control, the fall-back position need only be peddled by stooge skeptics to carefully limited markets. + +**10. Characterize the crimes as impossibly complex** and the truth as ultimately unknowable. + +**11. Reason backward**, using the deductive method with a vengeance. With thoroughly rigorous deduction, troublesome evidence is irrelevant. E.g. We have a completely free press. If evidence exists that the Vince Foster "suicide" note was forged, they would have reported it. They haven't reported it so there is no such evidence. Another variation on this theme involves the likelihood of a conspiracy leaker and a press who would report the leak. + +**12. Require the skeptics to solve the crime completely.** E.g. If Foster was murdered, who did it and why? + +**13. Change the subject.** This technique includes creating and/or publicizing distractions. + +**14. Lightly report incriminating facts, and then make nothing of them.** This is sometimes referred to as "bump and run" reporting. + +**15. Baldly and brazenly lie.** A favorite way of doing this is to attribute the "facts" furnished the public to a plausible-sounding, but anonymous, source. + +**16.** Expanding further on numbers 4 and 5, **have your own stooges "expose" scandals and champion popular causes.** Their job is to pre-empt real opponents and to play 99-yard football. A variation is to pay rich people for the job who will pretend to spend their own money. + +**17. Flood the Internet with agents.** This is the answer to the question, "What could possibly motivate a person to spend hour upon hour on Internet news groups defending the government and/or the press and harassing genuine critics?" Don t the authorities have defenders enough in all the newspapers, magazines, radio, and television? One would think refusing to print critical letters and screening out serious callers or dumping them from radio talk shows would be control enough, but, obviously, it is not. +This is the power of Oprah. + +The TV personality announces she is forming a partnership with Weight Watchers International WTW, +86.45% and the stock nearly doubles. +And that means Oprah had already made a profit of more than $50 million on the deal before you’d even finished your morning coffee. http://www.marketwatch.com/story/oprah-winfreys-purse-just-got-50-million-larger-2015-10-19 + +1. Thou shall always take 100% daily gains or 200% all time gains. +2. Do not fall into temptation and buy during the first 30 minutes of market open. (Selling positions is still permitted) +3. Thou shall not buy calls on green days. +4. Thou shall not buy puts on red days. +5. Avoid greed and do not buy consecutive options on 1 company. +6. Give thyself at least 3 weeks time to play the option. +7. End your suffering and sell if down 50% all time on an option play. +8. Avoid gluttony and do not day trade options. (Unless it interferes with #1 and #7, Swing trades allowed) +9. Be fruitful, multiply earnings and sell covered calls if holding any. +10. Celebrate and binge drink after big gains (or losses) +I saw a post earlier on this sub justifying 100% portfolio in TQQQ. TQQQ has been back tested for Dot com bubble. It would have taken 2 decades to get your original investment back if you bought at the peak of Dot com bubble. + +Leveraged ETS work when there is Euphoria, but it can literally wipe you out if you don't understand its Risk and don't have a proper Risk management plan in place. +I get 22 days of annual leave per year in my job, but my employer told me that if I don't take the leave by the anniversary date it will disappear. I checked my contract and it just says it follows the Fair Work Act 2009. We also have an employee handbook that says only 5 days can roll over. My impression was that leave either gets rolled over or paid out, that's it. + +My impression is that leave can't disappear. It either gets accrued or cashed out if in excess of 4 weeks - they can't cash you down to 5 days. Am I right in understanding how that should work? + + +EDIT: Thank you everyone. For posterity; annual and personal leave both roll over, personal leave cannot be forced and doesn't get paid out though. +I elected to continue my health insurance coverage (as cobra coverage) with my old company since I won't be covered at the new company for 90 days. The old company deposited my check for over 300 dollars (just coverage for April). Neither my benefits enrollment page nor the insurer website shows that I was covered for the month I paid for. I contacted HR about 3 or 4 times and spoke to someone each time demanding a receipt or proof that I was insured, but have not gotten anything. Did my old company steal this money from me? What can I do? (Note: I live in a new city and can't just stroll in there on my lunch break) +Made some money earlier this year and then just went on the worst losing streak ever trying to hit 6-7 figures. Shitty part is the initial first two drops could have been profitable and got me to that goal. Now I’m just back to being broke. ¯\_(ツ)_/¯ +Michael Lewis, author of the "Big Short: Inside the Doomsday Machine" adapted for the movie we have all referred to many times, and his wife Tabitha Soren (former MTV News reporter) lost their daughter today in a car accident. I had just watched a documentary that included an interview with Michael Lewis last night so I was shocked to hear this today. I can't imagine the pain of losing your child. Not sure the best way to recognize him today but thought others might like to know. + +[https://www.sfgate.com/bayarea/article/truckee-fatal-car-crash-berkeley-high-16208369.php](https://www.sfgate.com/bayarea/article/truckee-fatal-car-crash-berkeley-high-16208369.php) +Listen, I LOVE art. I LOVE crypto.... + +I just don't get why someone would pay that much for a piece of minted digital art right now at this stage in the NFT craze and in cryptos. + +Do I think it will increase in value? yeah probably.... + +but I just don't understand the massive fascination with NFT's, their value they bring to the market, and the desire to "own" them at this point. + +To me... when I read things like someone paid 69MM USD for a piece of digital art, I think to myself..... "Do you know the kind of good you can do in the world for other people for your family or loved ones OR the type of legacy you can leave in this world with 69MM USD? +I’m looking at the June 17 2022 $60 calls. According to barchart.com, MARA has an IV rank of 3.5% ATM which would signal a relatively low premium correct? + +Thanks in advance. +We have lots of comments and warnings against lifestyle inflation and I've always been good at guarding against societal pressures to arbitrarily increase my standard of living simply because I have more disposable income. + +I've been a new dad for the past 6 months and my friends/co-workers who know how frugal I am have started to joke about how expensive kids are. I've brushed off most of these barbs because I understand the truth from the fiction. i.e. if we choose daycare it is going to be expensive, but things like toys/clothes/baby stuff can easily be obtained used in good condition. We've all heard this before. These are the same people that told me living in NYC is expensive, and it is, but it isn't. + +Anyway, what completely surprised me was my decreased willpower to fight off increases in spending since baby has been born. I think I've traced this back to the idea of cognitive load whereas my prefrontal cortex is so taxed from figuring out this whole new baby world that I am WAY more susceptible to spending money for comfort/convenience in ways I didn't pre-baby. If there are any psychologists/neuro people in this group I apologize for my rudimentary understanding and explanation but I believe its the same reason why we tend to buy junk food at airports (because our brains are tired from figuring out the logistics of getting through airport). There is an experiment out there where they taxed people's pre-frontal cortex (control didn't) and then they were able to get a snack from a table that had cake, cookies and fruit bowl and the people whose brain's were very tired overwhelmingly chose cake over fruit. + +Examples include: +1. Went to visit family and instead of driving around for 10 minutes to look for parking on the street I threw the car in the garage for $37 + +2. Take-out food budget has seen a dramatic increase (I usually meal prep every Sunday) but after a day of crying and analyzing whether it is teething/hunger/growth spurt/something else I am doing wrong, take-out seems so much easier. + +3. Moved to a new apartment and went slightly over budget because it has air conditioning, washer/dryer, dishwasher. All those features were not even close to necessary prior to baby but have become awesome ever since (and this isn't a "I don't have as much time as I used to" feeling, its definitely a fatigue, these things make life easier decision) + +5. And we come to the present decision. Our little shitbox car finally bit the dust and prior to baby I was fully prepared to drop another 3-5k on another mid-to-late 2000's honda/toyota (all the stuff we talk about) with 100k+ miles on it but now I find myself creeping my search towards cars with 50k miles, some bells + whistles like working A/C and more comfortable seats. Before I knew it I was changing my search criteria to $10,000 cars and I even kept a car with a 13k price tag up for a day or two. + +So I am finding that, at least early on, baby's seem to be expensive and its because my brain is fried and doesn't have the same willpower it once did. Its not because I don't have enough time (I do) and its not because I want the best for my new family (I do, but us FI/ER's are smug and still think we can find the best at a fraction of the cost), its because my brain is so pre-occupied with analyzing this new baby reality that my spending defenses have been lowered and I've succumbed to the more expensive, easier option. + +FI/RE Dads or Moms - you feel this? Does it change? + +TL;DR: Managing new Baby has increased cognitive load and is tempting me to spend more. +Last year I spent a little under $30k. I'm happy with this level of spending and don't even consider myself particularly frugal, just childless in a lower cost area, but if any of the items below were to hit me, I could only cut maybe $2-3k off last year's spending before it would start to get painful. + +I'm already at \[savings x 3.5%\] = last years spending. I'm comfortable enough that 3.5% is sustainable, but for RE I'd want that 3.5% based on a budget of at least $10k more than I currently spend. **In other words, the highest \*starting\*** **withdrawal rate I'd be comfortable with is more like 2.6%.** + +**You could argue that all I'm pointing out is that leanFIRE isn't a great idea, but higher planned spending doesn't automatically translate to being amenable to large cuts. Do most people planning on 3.5 - 4.0% withdraw rates have tons of fat in their budget that they wouldn't mind cutting if needed (e.g. 5-figure travel budget)? If so, what are these parts of your budget?** + +\------------------------------------------------------- + +Withdrawal rates seem entirely focused on what markets have done. When retiring very young, things could drastically change in terms of desired or required spending and this seems more significant than whether markets allow for a 4%, 3.5% or even 3.0% WR. + +* Possibly the single biggest “risk” anyone has is a) if married, that you could get divorced or b) if single, you could want to partner with someone that makes you want to significantly change your spending (whether to help them reach FI/ help support their household/ kids expenses, move to a more expensive house/area, they just want to spend more on restaurants/ shows/ trips/ whatever and you want to make them happy) +* My budget is based on ACA subsidies under which a silver plan is currently $1k year based on $24k income from Roth conversions. I would want to be able to budget for that cost going up several thousand dollars. +* Future chronic medical conditions could mean thousands in OOP expenses, potentially including quality of life things not covered at all by insurance. +* If you have kids, the number of things that could come up that you could feel obligated to help them with is endless, but probably most prominent would be physical and mental health issues +* Personally I rent. I want to budget for rent far outpacing CPI. (I estimate ongoing costs on a paid off house to be only \~$200/ mo less than my apartment rent, so buying a house doesn't seem like a good hedge) +* When you lock yourself into a certain budget, you're locked out of later getting into more expensive hobbies, travel, etc. unless you make cuts elsewhere +* Eventually, elder care +* Random other stuff. Say you drive a newer car that gets totaled and the insurance payout doesn't match the current craziness in the new/used car market, costing you a few thousand. +I don't hear a lot about US Series I Savings Bonds ([https://www.treasurydirect.gov/indiv/products/prod\_ibonds\_glance.htm](https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm) and [https://www.reddit.com/r/personalfinance/wiki/savingsbonds](https://www.reddit.com/r/personalfinance/wiki/savingsbonds)), but I like them. Here's why they are part of my investing plan. + +Pro: + +* Safe (backed by US government) +* Guaranteed to match or beat inflation +* Will not lose principal due to deflation +* Tax deferred (and tax-free if used for kid's college tuition) +* Flexible maturity + +Con: + +* Can only purchase $10k per year +* With other bonds, suffer from low interest rates (1.06%) right now, but better than 10-year treasury +* Illiquid for 1st year and withdrawals <5 years lose a few months of interest + +# I Bonds for Emergency Fund + +I think that I Bonds are perfect for an emergency fund or saving for intermediate-term savings goals (e.g. saving up to buy a house in 5 years). Personally, I like having an entire *year's* worth of basic expenses (food, shelter, insurance, transportation) in my emergency fund. The obvious downside of a large emergency fund is that you'll hopefully not need it, so it languishes in low-return vehicles. I Bonds are a good way to do that without worrying that my savings will lose buying power over the years. + +# The Benefit of Safe Investments + +I believe that low-cost equity funds are the most likely investment to perform well over the long term and are a good hedge against inflation. That said, the volatility of the stock market is a significant risk. Young people should accept that risk in order to achieve the returns they need in order to reach their financial goals. But for short-term savings goals or once you've built a large nest egg and are approaching retirement, there is a huge benefit to truly safe (i.e. nonvolatile and government-backed) investments. + +***It is a fallacy that stocks are less risky (EDIT: volatile) in the long run***: it is true that a dollar invested in the stock market will be almost certainly be worth more than a dollar invested in bonds after 30 years, but at any point in time, the current value of your stock portfolio can halve. So if a dollar you invested three decades ago is now worth $8, that's great, but it doesn't mean you're actually worth $8 unless you sell ... you might be worth only $4 in a few dismal months. Sure, you might still be better off than your friend whose dollar is only worth $3 after 30 years in bonds, but how much consolation is that? + +My point is that, when you need to lock in the value of your money—when you can't wait a few decades to get back to your current net worth—stocks are a bad idea. + +# Deep Risk of Inflation + +**EDIT:** I didn't delve into the idea in the original post, but another motivation for diversifying into I Bonds is my concern that—some time in the next half century—we might experience a period of unexpected and high inflation. Equities are good against inflation, but aren't perfect; nominal bonds lose terribly. TIPS and I Bonds are insurance against inflation, and like most insurance, you come out behind if the event they insure against doesn't happen. I was influenced by William Bernstein's *Deep Risk*, which I recommend: [https://www.amazon.com/Deep-Risk-History-Portfolio-Investing/dp/0988780313](https://www.amazon.com/Deep-Risk-History-Portfolio-Investing/dp/0988780313) + +# I Bonds for Retirement + +Over the years, I'm hoping to build up a large I Bond fund (\~10% of my net worth). I anticipate eventually relying on I bonds in years when I want to reduce withdrawals from the rest of my portfolio (e.g. in years when equities drop substantially). + +In retirement, I anticipating using a percentage-based withdrawal scheme instead of an amount-based approach ("4% rule"). Maybe I'll use a simple percentage, a CAPE-based withdrawal approach ([https://earlyretirementnow.com/2017/08/30/the-ultimate-guide-to-safe-withdrawal-rates-part-18-flexibility-cape-based-rules/](https://earlyretirementnow.com/2017/08/30/the-ultimate-guide-to-safe-withdrawal-rates-part-18-flexibility-cape-based-rules/)), or the Boglehead VPW ([https://www.bogleheads.org/wiki/Variable\_percentage\_withdrawal](https://www.bogleheads.org/wiki/Variable_percentage_withdrawal)). The main drawback of percentage-based approaches is that the withdrawal amount can drop precipitously in years when the market is down, and it is very hard to cut spending in half. So I plan on having a floor of guaranteed income from Social Security and I Bonds (and if necessary a TIPS ladder and/or a SPIA) to help mitigate the pain of the down years. + +On top of the floor, I'll withdraw a percentage of my equity portfolio to cover discretionary spending. In bull markets, I'll probably have surplus, which I can use to replenish my I Bonds and/or TIPS ladder as necessary, or just reinvest in equities. + +I don't think this is the most efficient route to FIRE. But for those who are more risk-averse and want a guaranteed spending floor, I think that I Bonds + Social Security (or TIPS or SPIA) can provide that floor. And spending a percentage of the equities means that you can experience the upside to a large bull run (which statistically is more likely than a long bear market). If you lock yourself into a constant amount (adjusted upward only by inflation), you definitely risk dying with a huge net worth. + +Anyway, that's my current thinking, at least. Please comment if you think I'm way off or you have any other pointers about I Bonds. +This guy has been nothing but trouble from the start, and she has a bad feeling that he will try to keep the deposit on a bogus damage claim or at least hold on to it until the last possible second. + +She's leaving the apartment in the same condition as when she moved in by the way, so he has no real grounds for damage claims. Pictures will be taken when she moves out. + +Here's a partial list of this guy's scumbaggery: + +- She saw a giant rat run across her kitchen. Instead of hiring an exterminator, he sent her a box of 5 tiny mouse traps, which a rat would simply laugh at and enjoy the free snack. + +- The heating bill for January was >$300 for her single-room apartment due to crappy insulation and rotting old windows. He refused to admit there was a problem let alone do anything about it. + +- She asked him to change the light bulb on the high (12+ foot) ceiling, and he huffed and rolled his eyes for 2 weeks before doing it. This is stated as his responsibility on the lease and she doesn't even own a ladder. + +- In the new craigslist ad for her apartment, he listed that the antique kitchen table that her father built for her by hand came with the apartment. She specifically told him that this was NOT the case, but the same ad is still up. + +- She talked to her neighbors and the entire building except for one person is moving out just because this guy sucks so bad. + +He's a do-nothing landlord who just wants to sit there and collect rent checks so he can continue to throw money at his failing art career. He can get away with this behavior because it is a high housing demand area, and there will always be another unsuspecting tenant ready to move in. + +So I know that an eviction process would likely take more than a month, so it's not like she's going to be out on the street. Plus this guy is obviously pretty lazy and not on top of his game. + +But what is the general consensus on this plan of action? Are there any risks or routes of retaliation that this guy could take? Any advice would be appreciated. I'll say that this is in Boston, if that matters. + +Edit 1: Thanks for the responses. I think I'm going to advise her to just pay the last month's rent, and document the hell out of everything in the apartment. Some people have also suggested a walkthrough with the landlord before she moves out, which is a great idea. This way if it comes down to small claims court, she will be completely in the right. Plus, she might even be able to sue him for 3x the security deposit if he withholds it. I think the key lesson here is that you need to be willing to go to small claims court in a case like this. + +Edit 2: Yes, I know that the issues listed above aren't the worst things a landlord has ever done and won't mean much in court. I'm just using them as examples of his shitty attitude, and why we think that he might decide to keep the security deposit. + +Edit 3: Yes, it was a rat. She's not an idiot and she knows the difference. I've had rats myself before and I know for a fact that mouse traps won't do a damn thing to a rat. + +Edit 4: The table itself isn't antique, but he used wood from the hull of an antique ship for the tabletop. It's a really nice table. +Hey everyone +I graduated college in 2021 and just got my first job and I thought it was remote with in person as needed, but there was a lapse in communication on the company’s side. Unfortunately turns out I’ll have to come into the office(at least 3x a week, possibly more) which as mentioned in the title, is 2 hours away using public transport and will cost $50 a day just to commute to and from work. I am moving closer to work but that’s in 2 months and I’ll only be 5 miles away from the office. Assuming I commute these 2 months with public transport, it’ll cost me at least $1200(possibly more if I find myself having to come in more than 3x/week) and an ungodly number of hours, around 4 hours a day total. + +I checked car rental rates and they don’t make sense financially (I’m under 25 too). I’ve always thought leasing cars is stupid and don’t believe they’re smart financial decisions, that leaves me with buying, but I’m very confused if I should go new or used. I’ve been meaning to buy a used car for a while now and was thinking of spending 8k, half of which my brother would help pay as we live together and could split using it. But with the current used market being insane and people suggesting one should just buy new and finance with 0% APR if they can and invest the cash instead, I’m just lost and don’t know what to do. I never really considered buying new as I know I’d eat the depreciation an it was just more than I was willing to commit to but I’m trying not to be “penny wise and dollar stupid”. But in my case, would buying new and financing be better? I also want to say, I don’t know how long I’ll be living in the states for and may or may not move abroad so I’m worried a new financed car would be a pain to deal with. Alternatively, I’ve been thinking I should just lower my budget for used and bring it down to 4-5k because of the current market and not wanting to overpay. + +I’ll be making 73k a year, that’s $4,458 a month. Keep in mind I’ll be spending at least 1,200 over these next two months in public transport if I don’t buy a car, and will also have a soul sucking commute. If you could give any tips or advice on how to get out of this rut or make it bearable till I move. Thanks! + +Edit: I’ve already spoken with my manager, the best they can do is let me wfh 2x a week. I also can’t push off my start date as I need the money to pay bills and the apartment I’m looking to move in to wants paystubs for April. And as for finding another job, well that’s a lot easier said than done and could take months. +We always talk about the same 10-20 stocks in here. Mine is $BEAT, a biotech company that makes remote cardiac monitoring devices. It's not obscure by any means but theyre still relatively small and i do wish i had come upon it sooner. They've been consistently growing rev and earnings for years now and are dominating the remote cardiology market. Among other similar products they make the heart monitors that go in apple watches and given apple's strong stance on health tech it isnt unfathomable to imagine apple buying them someday. Thats $BEAT. whats yours? +I have 2.5 k that is 100% risk capital. It doesnt mean anything to me if I lose every penny so please none of those forex is dangerous, you'll just lose posts. Im aware of all the risks and I am not scared or deterred. + +That being said, what pair is the most volatile and what is the time of day that it is the most active? I want to pick a pair, get to know it intimately via paper trading and then shove that 2500 in balls deep on max leverage once I get used to my software. +I took a break from trading (2 years) and i want to get back into it but i want to do it right this time , i took the break to have a fresh start and i believe im ready to go for it again , any advice on how to start so i can b in the right path. +I’ve come to realise that after daytrading every day for the last 3/4 years, I have developed an instinct for predicting patterns. Like someone starting training martial arts, what is initially carefully choreographed movements, over time becomes muscle memory and reaction, absent of conscious thought. The same is of trading. + +the subconscious mind is free from the frailties of vanity, greed, fear. it operates a set of processes efficiently and without fuss. sportsmen call it being ‘in the zone’ + +I perform at a consistent 75% win rate and in fact this has been trending upwards for some time. I know with confidence when stock is overbought, when I will play a quick open/close on bounces off resistance points and can ride uptrends without becoming reckless. I don’t worry about market analysis anymore, or rumours. I get a feel for the day’s trading behaviour and adjust my strategy accordingly. I should note I trade sp500 exclusively now. + +I’ve grown my portfolio to £200k, and have confidence that over the next 2 +years I can reach £500k. It’s taken me a lot of education, trial / error, relentless data collation of each and every trade, analytics as well as using machine learning models to tell me definitively what indicators and features matter to price movement, and what is just noise. + +So I suppose my summary is that 3years of dedication, motivation and obsession is what really takes a poor trader to a good trader. I can’t emphasises enough that you are expert on statistics, probabilities, truly understand economics - and plug into high quality news sources (not MSM) to put all of your data in the wider context of an ever changing society. +My name is Daniel and a 23 y/o homeowner + +I have been studying FOREX for the past 4 years now. I have opened a small account that I have been working on about a year to 2 years as well. The small account started with $100. I have now managed to lose over half. I stay up late and study the charts during all sessions and have found myself sitting on the sidelines or constantly losing since I am ONLY 40% of the time right. I use the Wyckoff Method but still cant seem to land on the winning side of the trade. I have spent counless hours on youtube, forums, ebooks, seminars, zoom sessions, hell I even have a 5 subject notebook filled with notes, patterns, charts, vocab, setups, YOU NAME IT! I DONT KNOW WHAT TO DO! + +I mainly trade the EUR/USD and even check FOREX Factory daily for economic updates. I have identified that I spend more time in my losers than my winners. So i have cut time back iof a trade isnt going my way. My P/L I shoot for is 2:1 but end up taking 1:1 since I rarely have a winner surpass that 1:1 ratio or even 1.5:1 Six times out of ten I lose the trade, AND FAST! I have fallen to a .88 ratio and my disposition is a .66 I have even tried trading opposite of what I predict, but to no avail. Seldom do I have a 15-20 pip winner. However Ill have 10 pip losers EVER DAY outweighing my winners. + +I cut my losses to 50 cents a trade and look for 1.50 profit per trade with a 5-10cent lot size. I try to find market structure with 4h/daily key support and resistance levels, identify trends, and take volume into consideration. I dont use any indicators except the FIB and rely on mainly price action combined with the wyckoff methodology. Whats the point in trading with thousands if I cant even trades with $100?!?! Im not trying to get rich quick, I want financial freedom (as do we all) but its starting to make me think the only way I will ever learn is to pay thousands of dollars either to the market...or to some "guru" promising to "teach me the way" Any help would be appreciated. + +(P.s. I know imma get hate, just remember you were once in my shoes, yearning for success, and on the edge of giving up, make an impact..not a scar.) +I just learned about uptrend and downtrend lines and channels in addition to the support and resistance levels. Right now I don't know much so I'm just looking at the AUD/JPY charts and plotting out the lines on a 4H window and taking selling when the price hits a resistance and buying when it hits support level. Is this a good way to practice or should I be backtesting first? My plan is to put in 30-45 mins everyday learning through baby pips and then spending 30 mins just looking at random charts practicing and learning how to use MT4. +Taking pride in being able to lose 10 times in a row and return without your psychology being effected. Only good R/R can allow you this privilege. +If you want to make 1 k a day, be ready to lose that amount first and then make 2 back. +Go back to your trading journal and open up your winning trades. Note down what is similar in each setup. For example what kind of zone/breakout it formed. Or what kind of entry you entered on each trade. Now do the same with the losing trades, make sure you look deeply into it because it's sometimes hard to spot. For 2 trades to be identical, the same amount of traders need to participate in the market for the same outcome - trading in the zone (book). Now let's put this in a vast perspective, if you want the market to go up, it needs more buyers than sellers. Now let's say a news event is about to take place and now has a imbalance of buyers and sellers which changes the whole perspective. This will make your trade setup invalid. In a uptrend there are more buyers than sellers but a news event such as interest rate changes can shift the whole narrative, but if your arrogant enough not to look at other factors such as fundamentals then you will only blame yourself and the markets. + +Conclusion. If you enter every single trade setup, you will not be profitable because your mind will think every trade will be a winner. Even when your backtesting you are zooming through days within minutes. In real life markets them minutes feel like hours waiting for a setup to form. Be patient and learn from your experience! +I’ve been trading with forex for a year now and it just seems that I have more red days then green days it’s hard to stay motivated sometimes but I still never give up because I know it comes down to dedication I always see everyone doing really good and it just motivates me to continue but there’s gas to be something I’m doing wrong and why I haven’t seen the same results as most people have anyone ever went through this and has managed to get out of this hole? +For those that have made it to the million mark and beyond, just wondering about the difference between the 1st 500K and the 2nd. Like in terms of time frame and how much easier was the second 500K since you then have income from the amassed portfolio? + +Also variations in asset allocation along the journey would be interesting if you can recall. + +For the typical working man with a decent savings rate. I was thinking that the first 500K might take about 20 years but then second might be closer to 10. Is that close to people's experience? + +P.S...how's that second million going? +Started to tell my wife about Bitcoin hitting 4k. Hands went on her hips and then out of her mouth came, do I look like I give a $h!t. Guess who is now not invited on my future yacht. +I’ve made a lot and lost a lot with pennies. I’ve learned valuable lessons with pennies. But, as time passes, I grew and it’s about time for me to move out of pennies. A couple important lesson that I’ve learned with pennies are that: + +1. Do swing trade plays, in addition with ER and Hype. +2. Play the short hand side when a penny stock is pumped. I use Webull for shorts. RH gets slaughter in BH & AH. + +I wish good luck to you all & hope to run into you guys again. 😭✌️.. +I’ve been reading about Day Trading and this question is Seriously one of the most annoying to get answer for using google. + +I’m working on saving up money to start a day trading account where I hope to work my way into full time as I get better. How much should one really save up for to open an account, properly learn, and have a machine that won’t crap out on you mid trade? I’d love to hear opinions from people who are more familiar + +I’ve spent over a decade learning how to detach my emotions from my job to deliver better results. Now I only want to use that skill for myself and my family for most of the remaining years of my life. Trading sounds like a great avenue for that over time. Thanks for any input you can provide! +So I had a blow up day yesterday + +[https://tradigro.com/social/user/peter5/accounts/639975e81c3c2800e5d2d71e/days/63ac56481c3c2800e5d2d8c9?c=yt1r](https://tradigro.com/social/user/peter5/accounts/639975e81c3c2800e5d2d71e/days/63ac56481c3c2800e5d2d8c9?c=yt1r) + +and today has been a similar down day (although I didn't hit the -$1k lock out today): + +[https://tradigro.com/social/user/peter5/accounts/63adabbf1c3c2800e5d2d919/days/63adabc71c3c2800e5d2d91c?c=yt1r](https://tradigro.com/social/user/peter5/accounts/63adabbf1c3c2800e5d2d919/days/63adabc71c3c2800e5d2d91c?c=yt1r) + +For me, it seems that a blow up day is followed by either another blow up day, or a small winning day, and very rarely I'll have a big winning day to make up for the blow up day. My biggest mistake seems to be not listening to my PnL as I trade. That is, if I have two losing trades I don't consider flipping my direction, even though the PnL is screaming at me that my current direction and plan is wrong. + +I had 8 or so green days in a row, but these last two days wiped all that away after fees. I know I have to take it easy and be patient, but I'm curious what kind of mental tricks you all use to keep from blowing up? +I've learned that day trading requires an immense amount of time and dedication to get a hold of. How are people working 9-5 jobs finding time to learn and practice? Is it in the dinner to night time hours you get after coming home? Then how do you have time to spend with family, eat dinner, take care of kids, bills, groceries, without resorting to sleep deprivation by having to stay up to 3 AM? Are people learning while working from home? Do people just have all the time in the world because they're crashing at their parent's house and practically jobless? How many of us here work night shifts and have the whole day to learn? Is it really just people compulsively sitting at their computers for hours and learning, practically borderline obsessed with trading? I would like to hear your perspectives. + +I'm a college student on winter break, and I work from 4 days a week from 5 to 10 PM. I wake up at 6 AM, workout, and spend practically the rest of my day learning and practicing day trading until it's time to go to work. +So I have about 160k saved up. If I get a heloc for 200K, and use it to buy a investment property in cash. Can I refinance to get my money back and paid off heloc? +Is this even a good strategic? +Tenant moved in with his three kids three weeks ago and is now asking for a fence so his kids can play safely in the yard. There is a partial fence in place blocking the house from the ally, but not a full enclosure. I agree a fence would be nice, but I am not thrilled about paying for this on my own as it was not advertised as having a complete fence when he signed the lease. I am willing to have him pay for it and have it put in, but I think this is unlikely. Anyone with experience in a situation like this? Is this tenant just trying to see how far I would go with him just moving in and all? + +Thanks! +In the BRRRR method, how do you know for sure that your rehab will get you to your ARV? + +Do you just look at comps in the area and from that determine what type of rehab you need to make to get it to that level? + +And better question, how do you estimate the cost of rehab to get it to the level of your comps? + +It seems the goal is to find a distressed property in need of decent touch up and remodel, figure out ARV, and aim to buy it at 70% ARV less rehab costs. Essentially buying it at 70% ARV less rehab costs should generate a 30% margin after rehab, of which you would aim to tangibly get that 30% margin via cash out refinance to spend on the next property. Did I get that right? +Examples would be tethering the bathroom ceiling fan to the light switch. Looking to compile a list of things to get done while we have the electrician going through everything. I appreciate any and all tips ! +I have an investor friend who is looking for a $150,000 short term loan to renovate a 4-unit. It's worth $575,000 now and will be at least $750,000 ARV. There is about $350,000 in debt (it's in pre-foreclosure). He says the title has been assigned to him and his partner but I can't find it in a record search. + +I don't like second lien position but there seems to be more than enough equity. However, I'm not sure he has good title to refinance and pay me out after the renovation. I was thinking about requiring a Personal Guarantee in addition to the mortgage (he's definitely good for it). Thoughts? +I'm looking to buy a house to live in, but also something that works as a good investment for me. Not sure if this is the right sub and please redirect if not. My wife and I don't have kids, and don't plan to for the next 2 years at least, but do eventually. + +I'm trying to figure out the right option for me. If I look at the same area, I can find these options- + +1) A 400k apartment condo suburbs. 3 bed. 400 per month HoA. If I choose this, will live for 5 years max. +2) 750k townhouse suburbs. 400 per month HoA. 3 bed +3) 1 mil SFR suburbs. 4 bed. + +I live in a hot housing market (Seattle) but prices have been cooling. I plan to live for 10 years but of course, plans change. + +A 400k condo has the advantage that I spend the least money on a house, so I can save and invest the rest. This type of house is not my personal preference but I'm willing to live for a few years if this is a wise investment. Considering there's going to be a lot more condos built in the near future in the Seattle area, and that this condo is in the suburbs and not downtown, I'm inclined to think this is not a good investment also. + +A townhouse would be ideal as a starter house but looking at the costs including HoA, it's not too different from a SFR so I'm wondering if it's overpriced. The price per square feet is higher. + +A SFR has the advantage of being more resilient in price and lasting a longer time, or so I've heard. But I'll be using up all my savings for the down payment, and we don't need the extra room in the short term. + +For upto 750k priced homes, I can manage with a 15 year mortgage and 20 percent down payment. For anything more, I'll have to do 30 year and/or reduce the down payment. + + +I see a ton of off-market deal posts on Facebook real estate groups. It seems very haphazard and random to me. Why don't people list these wholesale deals on a third party website where the data is structured and people can search for it rather than sifting through a bunch of random junk posts just to find deals? Does it have to do with the marketing rules around wholesale deals? + +I know some wholesalers I've talked to mentioned wanting to work with their group of people they've done business with in the past but why wouldn't they want to list it somewhere and get the maximum possible offer for their contract? Just trying to understand their motivations for the seemingly inefficient use of how they spread information. +I’m in a position to build a mixed use building in my smallish (50k ppl) city’s downtown. Spending about 900k. 3000 sqft residential, 3000 sqft commercial. Based on market rents and a 7% cap rate the building would be worth ~1.5m with 90% occupancy. + +I own the land and can use it as my down payment according to the bank. + +The current debt level on my portfolio would grow from 600k to 1.5m (almost 3x). + +But based on the projected value of the build, my debt/equity ratio would stay about the same at ~40%. + +I’m a little caught up on borrowing (to me) so much. I’m trying to tell myself that from a portfolio management standpoint- the bank is lending based on the building’s ability to produce more so than my personal capacity to cover the note. + +Currently own 5 units, this would bump me up to 10-12 depending on the layout. + +I’m trying to get to financial independence ASAP and I feel like higher leverage is higher risk- but give me the potential for a lot higher (and faster) reward. + +Any thoughts on mixed use development? Any thoughts on raising my debt level like this? Too big of a jump or is this a reasonable step up? +I purchased my first rental property this summer and am super excited to continue in REI. My problem is, I am still in the senior year of college and can’t really DO any of the things that I want to do. + +Any ideas on what I can do to be more ready for when I graduate in May? I will be able to pull out roughly 15K out of my first property while also maintaining my 20% original DP, so that is my initial budget. + +I’m a financial Econ Major, but honestly have no interest in working a 9-5 type career long term at all. Thinking about doing so is kind of depressing, especially when I think about trying to BRRRR a property full time and. + +If you were me, do you think 15K is enough to try and start this full time for my life? Would you try to find a full time position and do RE on the side? Obviously my parents push the safer career with RE on the side, but honestly F that. +I’m just debating between jumping right in or taking maybe 1-3 years in a job to boost initial savings + + + +Edit: wow I got off topic from my title lmao. Sorry for the ramble, guess I’m looking for answers to both questions! +I'm wondering how you get to recieve the yield on the bonds? It is through dividend yes, but if you recieve that monthly do you get 1/12 of the total yield of the 1 year treasury 12 times? + +If I buy a 1 year bond etf at 3% yield do I get that 3% indefinitely or is it for one year, then it resets? Or does my yield change on the bond yield at that time, no matter what price I purchased at? + +What is expense and expense ratio? + +Bond etfs are usually a basket of bonds with a set range of dates e.g. 0-1year, 0-6months so how do I determine what the yield for that basket will be, there is no given dividend yield, so how do I determine the yield? + +Many thanks +Motherfuckers. I’ve figured it out. I’ve lost sleep over this but I’ve finally found the meaning behind Ryan Cohen’s encrypted tweet!!! Here's his tweet for all you ill-informed: [https://twitter.com/ryancohen/status/1364650709669601289](https://twitter.com/ryancohen/status/1364650709669601289) + +So first of all, we have to address the elephant in the room, or should I say the motherfucking FROG??? + +NANI??! Why a frog, you say? Well… what does a frog do? They jump up and down. What else jumps up and down? Yes… you motherfucking guessed it you dipshit + +**STONKS**. + +The fucking Mcdonalds logo confirms it. Just look at how the M is drawn... Let me give you a clue, motherfucker. IT GOES UP AND DOWN. + +And what sound does a frog make? YES. It’s **RIBBIT**. Now… what other word is a 6 letter word, and starts with R and ends with T??? YES. SAY IT LOUDER YOU MOTHERFUCKER. + +**REDDIT**. + +Our boi is sending us a message. He’s telling us to **HOLD** until we see **GREEN**. Green, you say?? Why in the heavens, so? Open your eyes, you colourblind motherfucker. What colour is the frog??? + +BUT WHAT ABOUT THE ICE CREAM I HEAR YOU SAY? + +Think about it. There’s only a certain time frame until the ice cream melts and becomes pointless. The ice cream represents us cashing out on GAMESTOP. What happens if we eat the ice cream? We get FAT, motherfuckers. FROM. THE. GAINZZ. + +BUT eating the ice cream isn’t without its problems. What happens if we cash out all our money too early??? What happens if we eat the ice cream too fast??? That’s right, ladies and gentlemen, and retards. + +We get BRAIN FREEZE. + +Cohen is warning us the shares for Gamestop will freeze, damn hedge funds will do anything to prevent this from rising, but Cohen is showing support by telling us to be patient. Motherfucker named his company Chewy cos he’s telling us to chew. **DON’T FUCKING SWALLOW IN ONE GO**. Savour every moment, motherfucker. Lick that ice cream slowly like it's DeepFuckingValue's humongous chad dick and you'll be good. + +Good luck, comrades. +Is it possible to get a loan to use as a house down payment? For FHA I only need 5% which is only 5k for this particular house. + +My moms been encouraging me (32F) and my wife (27F) to look for houses for the past year. When I told her I couldn’t afford the downpayment/closing costs, she agreed to lend me the money from her savings. I currently rent a townhome five states away from my parents that costs me twice a month what I’d be spending monthly paying the mortgage on the house. + +And I finally found the perfect one. It’s everything I could ask for in a home. The problem is that after I did the preapproval and signed the noncompete contract with the real estate agent and everything, my moms stopped calling me back. + +I have no family or friends in this state. And my wife and I barely make enough to make it check to check atm. + +So how do I proceed? I don’t know the first things about buying a home and was counting on my mother to help. + +Any advice would be greatly appreciated. +I just turned 21 yesterday, and now that I'm an "official adult" I'm worried that none of my finances are in order. I've been hearing people say to plan for a recession but not really as to how. + +I make around 70k a year, I have a debit and credit card with a $3000 limit. I live alone in a 3 bedroom apt $975 for rent (the house is very old) and about $300 for utilities. I pay about $350 for both my car and motorcycle a month. + +My savings is basically empty after putting a big down payment on my car. + +I have no investments, and I want to get started with some, any advice would help. I just want to make sure that my finances are okay for at least 6 months assuming I lost my job. Down the road I want to purchase a townhome/house, but everyone I've talked to says to wait for the market to crash. + +I really need to work on building my savings. And it's been giving me anxiety that if I lost my job tomorrow I'd be totally screwed. + +Any advice would be greatly appreciated, thank you and have a wonderful day :) +So I just graduated in may and began working in late August as a contracted employee making about 1,100 a week in a school. I have about 3000 saved up and am living with my parents. My fiancé is still in grad school but will be able to contribute 500 a month in November. We want to have our own place but rent 1300 and up in our area and my parents say it’s smarter to try to pay a cheaper mortgage than continue renting. The whole process is a headache as I’m trying to get accustomed to a new job while learning about the confusing world of mortgage lending. My credit score is about 640, and I have had a credit card for 2 years and have been renting and paying bills up until now. I have begun looking at some mortgage lending options but I feel like I’ll get denied because of how little I have saved right now and because I just started working. My parents offered to buy a house cash and either let me “rent to own” from them or have them act as a lender with a smaller interest rate than a lending company. I havnt followed through with any other lending company because I’m all over the place right now in deciding what to even do or start with! ...what should I do? +Splitting rent + +I plan on moving out soon with me and my fiancée and 2 roommates. Right now we have it planned to split 4 ways but I was talking with my dad and he made a weird face when I told him that and it has been picking in my brain. Should it be split 4 ways or 3. On one hand splitting it 4 way would make it even on everyone but then my fiancée and I would be paying for half of the house which seems weird. I’ve mentioned this to one of my roommates and he got a little testy when I mentioned the idea. Just wanting y’alls opinion on it. If we split it 3 ways it would only add an extra 80 a moth to everyone. There is no master bedroom and there is only one bathroom. +My husband and I rent a fairly nice apartment that is more like a townhome. We have lived here for 3 years and have been married for 2. We have had the intention to buy a house since we’ve been married but he has always put the brakes on for some reason- just got a new job and it wouldn’t look good on application, not enough savings right now, etc. We have our money separate because it’s just what works for us, we like our independence. About a year ago, I pregnant (and a teacher so at home during the day in the summer) and a guy came to the door asking for my husband. He needed to return some work (in sales) materials since he stopped coming a month ago. I was floored. He had been leaving every morning like normal. Turns out he wasn’t making enough there and was too embarrassed to tell me and he had been working somewhere else since he quit. We talked and I finally forgave him. Fast forward to a few months ago, we finally apply for a mortgage. While we were waiting to hear if we were accepted, someone came to the door and served him collection papers for an unpaid bill. He tried lying again but I had caught him. Again, I eventually forgave him. He is a good person and we have a baby. We heard back from the mortgage company. He has 3 collections in his name that I knew nothing about and his score is too low to get a mortgage at all. I’m so hurt that he never told me this and also furious that we can’t get a house because I want a nice place for our baby to grow up. I have a great credit score, worked the same job for 10 years, pay all my bills. I never would have thought him capable of this. How bad is this? What are our options? +My parents live in a suburb of Chicago and, until recently, both worked full time without any plans for retirement. To my knowledge there just hasn't been enough money to save for that, they just expected to keep working and make ends meet. + +My husband and I (both early 30's) live in Indianapolis. Not wealthy, but enough to have savings of our own and we bought a house two years ago. We also both work full time. + +With the news today that my father lost his job, I don't know how they will manage. I am helping make payments on my brother's school loans, as well as giving money to my parents when things got tight (car repairs, water heater replacement, etc.). +I'm worried about their wellbeing, if they can continue paying their mortgage, if anyone will even consider hiring a man in his late 60's. I'm also nervous about becoming a supporter of my parents, when my husband and I have just started talking about kids of our own. +I'm going to visit them this weekend. How can I best prepare to talk to them about finances? What do I need to consider to help make sure we all stay secure financially? + +Sorry a bit rambling, but a lot has been running through my mind today with this news. + +TLDR: Father lost his full time job that both my parents depended on to make ends meet. How can I prepare to help them if needed, but also make sure husband and I stay stable? + +EDIT: I'm not paying my brothers bills, sorry I made that unclear. My parents took out a loan for him under their name, and that's what I help with. I paid off my student loans two years ago, so helping with theirs didn't change my budget I had originally set. Just moved the payments to my parents. + +EDIT2: thank you all so much!! My parents have done/ do so much for everyone else in our community, and I don't want them to feel alone. This is some great information that helped calm my fears some, and a lot I can talk to them about. +Disney might be the biggest film studio in the world today thanks to box office hits, however it have many problems or issues whatever you want to call it. And with Netflix now having surpassed the mouse here are them: + +* Cannot Grow Organically +* Buys Established Franchises or Business models \(i.e all their blockbuster acquisitions incl. ABC, ESPN, Pixar, Marvel, Star Wars, BamTech and soon Fox\) +* Hate long term ventures \(i.e Shutting down Gaming division\) +* Spending A Total of $120 Billion building itself. +* Disneyification or Branded \(i.e. everything must have the Disney name or logo\- Marvel the only exception\) +* Doubling down on outdated business models \(i.e. Fox will give them more film studios, tv networks etc.\) + +Published by Quickisode Summary. +*Does buying a home count as saving for retirement?* + +https://slate.com/business/2018/07/does-buying-a-home-count-as-saving-for-retirement.html + +This article may not jive with the FIRE crowd, but it might create some constructive discussion. It even calls out the idea of planning to diligently and frugally save as almost naive (since no one assumes bad things happening). Although, that can go the other way if you put all of your eggs in a house. Or assume that urban homes are going to continue growing at a rate that the stock market is. + +Is prioritizing your home as a retirement vehicle understated here in /r/financialindependence? + +[Here's the article.](https://www.bloomberg.com/view/articles/2017-06-05/tackling-the-nastiest-hardest-problem-in-finance) Here's the argument: + +>What makes this such a challenging problem? Consider a couple planning for when they stop working. Sharpe starts his analysis with two protagonists trying to figure out how much money to withdraw from their portfolios annually in retirement. To reach the optimal answer requires considering six interrelated sets of variables. None are especially complex, but combining all of them is another matter. + +>The first unknown confronting retirement planners is built out of standard actuarial tables. The multiplicity of possible mortality outcomes for any given year is simple -- who survives and who doesn't. But the possible combinations during roughly 30 years for two people is surprisingly large. + +>The second dimension comes from the 100,000-plus possible market outcomes for a global bond and stock portfolio each year. Apply all of those possible outcomes back to the mortality scenarios above and you begin to get a sense of the enormous range of potential outcomes. + +>Third, create a matrix for thousands of potential inflation results -- this determines the purchasing power of a retiree’s income. It’s not overstating it to call this a proxy for financial flexibility, security and even quality of life for a couple living off of their investments. + +>The next matrix is tied to inflation, and it is the 100,000-plus possible market returns that Treasury Inflation Protected Securities, or Tips, will pay -- a combination of the twice-annual interest payments, plus the adjusted principal at maturity. + +>A fifth matrix is all the incomes the couple will receive, including Social Security, insurance and any employment. Then take into account whatever they withdraw from their portfolio. + +>The final variable may be the most subjective and difficult to assess: the utility of income in each subsequent year. + +>Each of these six factors has an enormous range of potential outcomes; each single factor outcome must be considered in light of every other matrix outcome. The results are a vast range of choices. Selecting the proper one is as challenging as it is important. + +>Sharpe has created what he calls the retirement-income scenario matrix project. He has published all of his materials, programs, findings and the underlying data at his Stanford University website, and made them available free of charge. His hopes that a graduate-level course in financial engineering will build upon his work. + +>Comprehending the range of possible future scenarios from any retirement income strategy is difficult; choosing the proper strategy seems to be an almost impossible task. Sharpe said he hopes “this material will help will make it easier for financial advisers to help investors make better choices among the many possible alternative approaches for the provision of future income.” + +Here's his data-rich [Retirement Income Scenario Matrices website](http://web.stanford.edu/~wfsharpe/RISMAT/). + +I'm not an economist or financial planner, but it seems like this research could lead to improvements in FIRE planning. Thoughts? +YouTubers don’t know jack shit. They are completely speculating and change their outlook every couple of hours. I will continue to Hodl and stay the fuck away from their commentary. Cheers! +I have enough to fatfire right now, but I continue to work because if I do so for three more years, my employer will pay the employer portion of health insurance for the rest of my life, and I will stay in my existing plan. The plan is very high quality with great coverage and a great selection of doctors. I have been thinking about pulling the trigger earlier and just buying health insurance through ACA. + +Can anyone within ACA policy compare the coverage and selection of doctors to a very good private plan? Thanks in advance for any thoughts. +Hey guys so I was thinking about this earlier today and was curious to know at what number will you stop when it comes to index fund investing? + +I understand theres is a calculation behind it (work out 25x spending, withdraw 4%) but I genuinely feel like the majority of people on this forum will not wait until they reach 1mil or 2mil before they stop and enjoy drawing some form of income from this. + +Personally I've just started my investing journey and currently I'm wanting to stop at around 300 - 600k then switch to a dividend fund and work part time maybe a day or 2 a week. + +Just curious as to when people are actually planning to stop contributing as much as they are as compounding will take affect later on and when people will eventually stop and use it for an income? + +Btw this is my first post ever so be nice please :) +[https://www.cnbc.com/video/2021/10/19/vast-majority-of-retail-market-orders-go-to-dark-pool-sec-chair.html](https://www.cnbc.com/video/2021/10/19/vast-majority-of-retail-market-orders-go-to-dark-pool-sec-chair.html) + +&#x200B; + +CNBC’s Bob Pisani sits down with SEC Chair Gary Gensler to discuss payment for order flows and what happens next following the agency’s latest report on the GameStop trading saga. +The picks of the previous post in my Truly Undervalued series did pretty good. (x25, x16 & x30). This time I will highlight just one project, but it’s another great one. For the WTC, VET & WABI maximalists: don’t worry as OriginTrail is not a direct competitor (No RFID). I am invested in WTC & VET myself and OriginTrail is more an addition than a competitor. All these projects could even benefit from OriginTrail. Also: the Supply chain market is huge, big enough for multiple solutions to thrive. + +So, let me introduce my pick: + +&nbsp; + +*** + +&nbsp; + +**OriginTrail (TRAC)** + +Current market cap: $35 million + +Currently tradeable on: ED, IDEX, GATECOIN + +&nbsp; + +**What** + +OriginTrail is a *decentralized protocol* for *data sharing* and *data interoperability* along any *supply chain*. + +It targets three bottlenecks of current supply chain data solutions: + +1. Scalability and cost issue of blockchain. +2. Fragmentation of data. +3. Issue of sensitive data that underpin a stakeholder’s competitive advantage. + +They will implement these solutions to these bottlenecks: + +1. Offchain scaling (like Vitalik Buterin recently recommended) via ODN and graph databases. +2. GS1 Standard = A well-known industry standard for data (other standards for data exchange will be integrated later on). +3. ZK-Snarks to protect sensitive data. + +Hence OriginTrail is all about (offchain) *scaling* and providing *interoperable data sharing* between multiple supply chains on the blockchain. + +The TRAC tokens are used for nodes and each action (reading, writing, etc) to the blockchain will cost TRAC tokens. Nodes will get rewarded in TRAC as well. Tokens for the team, advisors and preICO are locked for 2 years, receiving a percentage every three months. The whitepaper is really well written, it was a delight to read after so many baseless buzzword whitepapers and I advise you all to read it. + +&nbsp; + +**What’s there to like** + +1. The Origintrail protocol is blockchain agnostic: It means that they are able to utilize different blockchains for fingerprinting the data, which provides flexibility and ensures longevity. This includes Ethereum, Hyperledger, IOTA, NEO and in theory this could also include WTC & VET (making the data of said projects interoperable). +2. Offchain scaling, to minimize the cost and improve efficiency. +3. The GS1 Standard makes it actually look super well positioned for real-life adoption. +4. Admission into Walmart’s Innovation Pipeline. +5. Masternodes to be announced. +6. Active since 2013, working product and pilots in EU & Asia. Hong Kong office to come. +7. Huge partnerships & programs, read more below. +8. A lot more, but I didn’t want to make this list too long (high-quality community on Telegram, great support team, the upcoming Trace Alliance, the Singapore office, Chinese were excluded from ICO etc, etc). + +&nbsp; + +**Partnerships, Programs & Alliances** + +I’ve found the partnerships, programs and alliances to be truly remarkable. + +* Walmart + + OriginTrail was awarded with Walmart’s Food Safety Innovation Spark Award for one of its pilots. This pilot used the OriginTrail protocol to provide the source of the food to consumers. Not only did OriginTrail won this award, they also were added to Walmart’s Innovation Program. + +* Yimishiji + + You might not know Yimishiji, but it’s one of China’s largest online food stores. It already uses the OriginTrail protocol to enhance traceability in their supply chain. + +* Bits x Bits + + OriginTrail is in the Bits x Bits accelerator program. Bits x Bits is a food tech accelerator VC in China. Note the Chinese connection. + +* Enterprise Ethereum Alliance (EEA) + + OriginTrail became a member of the EEA, which connects Fortune 500 enterprises (including Accenture, BP, Microsoft, ING, Intel, JP Morgan and others), startups, academics, and technology vendors with Ethereum subject matter experts. + +* Blockchain for Social impact Coalition by ConsenSys + + CEO: “Creating impact with transparency is something we look forward also doing within the Blockchain for Social impact Coalition. Some very interesting activities planned for the next months there as well, stay tuned!” + +* Trace Alliance + + Origintrail will set up their own Alliance in the future. According to the CMO in the Telegram chat it’s: “an association of companies (food, logistics, fintech/insurtech) who will spearhead the implementation of the protocol into their business processes. Our founders have been all over the world in recent months, presenting OriginTrail on major corporate events (one example [here](https://foodindustry.asia/smart-data-as-a-driver-of-growth-and-innovation-in-the-food-and-fmcg-industry)), which gained a lot of attraction in the industry. As a consequence, we are in serious discussions with more companies interested to use the protocol. This kind of “marketing” actually presents a bigger investment than marketing for the token sale.” + +There are actually more partnerships, but these have less wowfactor than the above. Noteworthy is that they have already presented OriginTrail to the European Commission and won the Open Data Incubator for Europe award. + +&nbsp; + +**Team** + +The team looks like a healthy mix of experts and a few graduated people working in community management. The team seems experienced and professional. Hands-on experience and working since 2013. I like the fact that the founders have travelled the world already to bring in connections and showcase the protocol to industry leaders. If they’re able to bring in Walmart’s award and create this good of a product (seriously, read the white paper), they have proven themselves worthy in my book. + +&nbsp; + +*** + +&nbsp; + +**Conclusion** + +OT is basically a blockchain agnostic protocol that helps the data of supply chains to be interoperable, scalable and cheap to host on the/any blockchain. It’s using Industry standards for data and has some big partnerships and connections in Asia. They have a working pilot product on top of the protocol already (24.000+ live batches of products you can verify with OriginTrail solutions). This is a no-brainer for me. I expect this to fly if more people get to know more about this. + +&nbsp; + +Note: OT’s current pilots all run in the food industry, but the team has made very clear this is a protocol that will be used in all the supply chain sectors. Token holders can even vote what applications will be built next on its protocol. + +Full disclaimer: I am invested in OriginTrail. +We put an offer in on a house. + +Agent says the vendor is OK with the price but wanted us to do a couple of other things, and in the meantime she's had a chance to show some more people through. + +We've satisfied the vendor's conditions and we're ready to sign. We're expecting the agent to say she's got another offer though, and try to bump us up - regardless of whether that's true. + +Any advice on how to figure out if the agent is telling the truth about other offers? +I'm 29 and have been working as a disability support worker for the last 4 years. It pays well compared to say a supermarket or retail job. But I'm dead inside at this point and after months of browsing job sites and doing job quizzes I'm still in the same job with no idea what to do. I used to think something would just work out if I kept browsing job sites but now I'm just depressed, desperate and sort of lost my fucks to give at this point. Not trying to be funny I'm actually seriously feeling backed into a corner with no way out. +*Disclaimer: This is my own speculation and opinion to kick off a discussion about Apple's future.* + +No one here is a stranger to Apple's monstrous cash generation and profitability. It's been a behemoth of a stock and has basically guaranteed impressive returns for those long on it. With around a 2.1 trillion dollar market cap, it is the largest in the world. But has it gotten too big for its own good? + +Apple is more or less known only for its iPhone and I don't know how anyone else feels but with the latest iPhone 13, nothing really feels much different or innovative. Better battery life? Camera? Storage? That's cool I guess, but nothing new that would make it stand out from its competitors. Apple has seen declining market share in the smartphone sector and it's a brutally competitive market. Nokia used to completely dominate the market back in the day and suddenly it became non-existent as it couldn't keep up with the innovation. It's like they got so cocky they were at the top and it backfired on them hard. I feel Apple is in a similar position where they are overestimating their strength with their absurd product prices and new releases like the iPhone 13 being more of the same. This is not sustainable. + +Because Apple is so tremendously huge, it also makes it difficult for them to grow further without delving into something completely new that at the same time is big enough to move the needle. If Apple keeps doing what it's doing with new watches, air pods, iPhones, tablets, or what have you where not much is changing and they keep charging outrageous prices, they are bound to lose consumers. I don't think their die-hard, cult-like fans can or will keep them propped up. + +In my opinion, if Apple wants to facilitate further growth over the next 10 years, they need to do something insane. They have the cash. We've heard talks about an iCar; that is something radical that will drive growth if pulled off successfully. But it's extremely difficult, risky, and timely to get into that business. They need to do it right, otherwise I would expect hefty share price decline over the years. + +I genuinely think Apple's a fantastic company but I don't like the current direction they are heading and I have a hard time believing they are going to continue to grow as they have been if they continue doing the same stuff they've always been doing. I want to see them branch out to something completely revolutionary. + +What are your thoughts on Apple's future? + +EDIT: Really appreciate all of the discussion and counter points being raised. Learning lots! +I am a seasoned developer and to give back, I am going to join the testing team for Lightning. + +https://gist.github.com/aakselrod/5644b9319041a796ba6ffca28062376e + +Feels good, man. +Hi Reddit, + +I've looked over the net to try and find some answers to this but can't seem to find anything. + +Basically my mother in law is 76 she owes 32k on her mortgage, the bank (Lloyds) got in touch with her to say that she would need to repay the full amount over a certain length of time apparently as this was due to her age and that she is now a risk to the bank. She asked for an extension to sell the house she is currently in as she wanted to downsize anyways, the bank agreed to it and were happy for her to sell. The house is worth 350k and has been on the market for the past year to no avail of selling. + +Yesterday she receives a telephone call from the bank instructing her that her time is almost up and that they would take over selling the house and recuperating their money, they told her someone would ring on Monday to confirm things and that the time left to pay the money back was around 3 weeks time and they would not honour anymore extensions. + +My question to you is, is their anyway to avoid this? the house is on the market and is just waiting to be sold. + +What happens if the bank takes over? will they sell it for considerably less than the rate its at now in order to get their money back. + +is their an appeal scenario? me and my wife discussed that we could sell our house and give her the money but that would take more than 3 weeks. + +&#x200B; + +we are pretty much clueless until we get more information tomorrow but i just wanted a heads up on what to ask when they do call her so we don't feel so defenceless. + +if theres anymore information you need then please ask and thank you. +I see a lot of people that made huge gains, life changing amounts of money that instead of closing the position decide to risk it in the hopes of making even more money. Any statistical analysis will tell you that your chances of repeating a 1000% gain in a trade are very low,actually you are way more likely to lose money. + +So what I don't understand is why someone wouldn't take the profits and use them to improve their lifes, if someone were to gift you a million dollars tomorrow you wouldn't go and put it all in a very risky trade but for some reason if you make a million in a very risky trade a lot of people would put it back in another different very risky trade. +Hey all - long time lurker. Would love some feedback on my approach to funding expenses during the next 2-3 years while I work on a new startup. I also have a related question about ideal AA for entrepreneurs. + +&#x200B; + +About me: + +\- tech entrepreneur. early 30s with a family. sole earner in household. + +\- 5.7M NW invested aggressively at 90/10 AA (I've been fortunate to have been involved in a few startup exits!) + +\- Not interested in retiring yet, and planning to work next 10-20 years + +\- I just got out of an exit and am currently on sabbatical. Would like to start another company and realize that it might take 2-3 years until that company generates the income level I'm used to. + +&#x200B; + +1) + +Prior to leaving stable income, I put $550k of my NW into cash. This is enough to cover my family's expenses for three years and make a few high risk investments, including initial capitalization of a new startup. Alternatively, I could withdraw from my portfolio using a 3.5% SWR each month as this is also enough to cover expenses. I'm erring on the conservative side in case a recession hits, but would welcome folks feedback as $550k is a good chunk of change to not put to work. + +2) + +Would like feedback on my 90/10 AA. I see two schools of thought about this. One argues to go conservative as I have enough NW that it might be wise to move into bonds and "quit playing the game". The other argues to go aggressive as I have enough NW that I'd still be able to support my family (just barely) in a 50% reduction during a recession. I'm in the aggressive camp for three reasons: 1) $10M NW is my fatFIRE goal, 2) I want to keep working, and 3) running FIRE simulations it seems subpar returns is my bigger risk to long term NW than occasional volatility. All that said, I'm an entrepreneur so future income is uncertain and I value my freedom more than having a huge chunk of change when I die. + +&#x200B; + +What would you guys do? +Throwaway account. + +I'm 30M and about to exit (c$35mm gross). I'm supposed to be happy but have felt pretty listless since agreeing the deal. I figure this is pretty common and know that I'm incredibly fortunate in so many ways to be in this position. The honest truth is that I'm feeling a lack of purpose already with so much of my identity linked to my company. I was probably already a bit lost and this event is just crystallising my feelings. I can literally do whatever I want (after my earn out) and there's something kinda scary about that coming at 30. + + +My question is to others that have been through this point - what helped you get through it (reading, thinking, travelling, etc?). How do you define your purpose as a HNW with no requirement to earn? +Friday night: son came down with horrible flu. Wife takes him to urgent care, gets tamiflu script sent to Walgreens. Turns out there is a national shortage of tamiflu and she needs to pay cash for the non generic. $500. +Saturday afternoon: in her well intentioned haste to wash everything from germs and being exhausted from not sleeping, she throws his winter coat in the wash... with his iPhone in pocket. $1000. + +And the weekends not over yet! + +It’s impossible to plan for everything but having the resources to deal with them can sure help. + +#fatfirelife +My friend told me his financial planner refuses to recommend ETFs to clients because they are “risky” and “very new in the investment world.” + +I get ETFs have their problems and their popularity is growing extremely fast so the future might be a little unknown, but to my knowledge they were still the best way to go with small beginner accounts. + +Are ETFs overhyped, and is it sensible for this financial advisor to not recommend them to anyone? + +EDIT: I told him he should download stash and start dollar cost averaging with a small, realistic amount of money each week. Long term ETFs focused on stable growth. Nothing super volatile or worthy of day trading. His planner steered him away from this. + +EDIT: His planner works under some network of planners that also operates as a broker. I don’t know if this is a red flag or not. +An old hodler collapses in the street, he reaches out and grasps the ankle of a passerby, pulls them close and with his final breath whispers 'apple doughnut dog banana picnic sugar orange pickle coffee btrash vermin sandwich moooooon........' + +A paramedic arrives, checks the ex-hodler for signs of life and asks 'What did he say?' + +'Dunno, something about a dog and I think he was hungry' + +(EDIT: OK, story finished, parts two, three & four are buried in the comments) +Think, a few weeks ago u/WSBgod posts unreal gains. WSB hits mainstream. Open the r/all r/investing r/normie floodgates. + +Thousands of morons downloaded Robinhood and deposited their 1k life savings or student loans. In front of them was a dream. Make thousands, beat the market, easy money. Be a "trader". Be a bigshot. + +WSB does not take kindly to all the noobs, the influx disrupting the sub. Talks of going private emerge. Mainstream news articles on WSB continue to surface. + +Right as the noobs were flooding WSB, the SPCE posts were flowing. People cashing in big time. TSLA, SPCE.... Everything the sub touched turned to gold. They had finally found the secret society. + +"stonks only go up" "infinite bull market". The noobs throw all their money into calls. It's just that easy! + +Then, disaster strikes. The fastest drop in history. + +The beer flu news finally decides to influence the market, despite the market ignoring it for weeks. Within one day, all the newcomers are down 90%. What's going on? How could this happen? Many 'buy the dip' on Friday. Little do they know, the dip has only begun. + +Accounts hemorrhaging, some bail for good, some revenge trade - giving even more of their parents' hard earned money to Robinhood. + +The ones that were not completely wiped out - FOMO some puts. Others continue to helplessly buy dip after dip. All hope seems lost. + +If life wasn't going terribly enough, the Gods continue to deal their cruel blows. Monday morning, after many noobs are forced to hold over the weekend due to a late surge during an expected mass sell off - an unprecedented yet predictable catastrophe arises. + +Robinhood goes down. Unbelievable. Every helpless noob sinks deeper into the red, unable to exit their positions. The market takes to one of the largest surges ever. + +WSB again fills with wild gain posts. All while the noobs cry in despair from the sidelines. Surely we can make it back when RH comes back? Guess what. Down a second day. Another day of massive surge. + +RH comes back, thousands more noob orders fill, and thousands of noobs are still holding last week's puts. Now down 99% percent. Boom. Rate cut. How could it all go so wrong? + +Surely nothing else could possibly go against us. We'll win eventually right? The beer virus is on a killing spree. Surely my puts will print? + +SPY bouncing like an EKG, record volatility. How about the second largest one day market gain ever? Right at close? Sound good? + +Have no fear, WSB. The purge has occurred. Your sub is saved. Never in history has a group of people been so mercilessly eradicated - as the Feb2020 WSB noobs. The fascination is over. The damage will be far reaching, long lasting. Egos and bank accounts destroyed forever. + +I don't know if you all believe in a higher power, but it is hard to believe the God of WSB did not deal out these plagues. To save our land from conquest. There is no other explanation for this string of unbelievable events. + +And now, to add salt to the wounds, the noobs that come to see if everyone is losing as bad as they are - see hundreds of you donating your winnings to charity. + +This is a wild place. God I love it. +Apparently the disappearance of 75% of the stock owned in German broker accounts is probably an issue with the German clearinghouse. Could it be possible that US brokers like Apex are doing the same thing? That would account for sooo many shares. (Apex is the clearinghouse that forced the stop of GME trading in countless brokers in January 2021) Didn't an ape post a chat with some broker representative, in which the broker confirmed multiple times it was not a split dividend, but a split? + +Clearinghouses tell brokers they're doing a split when it's actually a splividend... lie and issue IOUs instead of actual shares they can't get (there is almost no way there were 29 million legitimate locates) then play dumb. Then someone manages to get a fuckton of counterfeit locates and suddenly brokers go 'soz forgor splivi =/= split'... Maybe we'll see SI over 100% sometime soon again? + +DRS. +a joke; pure pseudoscience; as good as the roll of a dice; it makes people who get lucky and pick stocks feel like genius mathematicians, and those that get unlucky and pick bad stocks feel like they just need to get better at it; this keeps people doing it; prove me wrong. +So Marcos Lopez de Prado has resesrched a lot into overfitting problems with backtesting strategies. + +And he states basically that the more trials you conduct, the more likely you are to find a seemingly good strategy that are really just false discoveries. So a lot of the sharpe ratio and other stuff must be corrected for by the number of trials as well. + +I get that kind of idea in a sense. + +And then he goes to say that +"When the algorithmic strategy doesn't rely on algebraic representation, there is a non-parametric solution ... (which i understand up until this point clearly) " + +"Given N alternative configurations, determine if the optimal configuration in-sample consistently outperforms the median of configurations in out of sample" + +So regarding this last sentence, i have a few questions + +0) what is the definition of a trial? So using a simple deep learning model to predict and trade, what would be the trial? Would doing k-fold validation on that same deep learning strategy be considered trials? Or could it also include testing the same model for different time period? What is the formal definition of "trials"? + +1) what does it mean by configurations? Could an example be, same deep learning architectuee but just that the configurations represent different hyperparams? Or does the configurations include not just that deep learning model but also other strategies? What is the formal definition of "configurations"? + +2) what does it mean by consistently outperform? Does it mean that the overall trades outperform the median of the trades? +I'm a Software Developer/Tech Entrepreneur, who is currently working on a few different side hustles full time (including a couple in algo trading). + +What about you? +Hello, my background comes economics and I'm interested in learning Algo Trading. I am familiar with R (basic level), but I mostly find resources for Python. Should I dig deeper into R or start learnign Python? + +Thanks in advance :) +Does anyone know what strategies seem to work better in bear markets. I want to be ready if/when we enter a bear market in the coming future. Thanks in advance! +Can anyone recommend a good dedicated server provider in New York? I will be trading futures and that's where my brokers order matching server is. + +Any other suggestions such as VPS providers are also welcome + +thanks in advance + +&#x200B; + +Edit: our algorithms are latency sensitive, we are hoping for <5-10ms ideally. +This is my partner's story, I've written it with her permission (she CBA writing it up but I find it so interesting so I thought I'd share it with you). + +I've always been good with money - although sometimes a little too good. I'm great at planning, budgeting and spending responsibly although I can sometimes be overly anxious. My partner's a deeply smart and capable person, but was always quite carefree and a bit scatty with money. + +She got into trouble a few years ago with compulsive and reckless spending culminating in £10k of hidden credit card debt that she eventually had to tell me about. Since then she's worked herself out of it and become really engaged in managing her own finances (she's been seeing a therapist too, which has touched upon a lot of the causal factors). It's quite a transformation so I've been having a lot of non-judgemental conversations with her recently to unpick what caused it and what helped turn it around. Buckle up: + +&#x200B; + + +My partner grew up in a stable household with a good income, but one that wasn't a great example of financial responsibility. One parent was so stressed by money that they abdicated all responsibility to the other parent. The other one has quite a baby-boomer shopaholic sort of attitude - Shopping was their hobby, and the kids always got whatever they wanted. As crazy as it sounds, I think that meant she never quite got into the mindset that shopping was related to money. Obviously she *knew* it was, but she wouldn't be in the habit of thinking of money when she was shopping. + +&#x200B; + +When we left uni and started crap grad jobs on low incomes, my partner actually did ok. Money was so tight that she knew she couldn't spend much. It was (counter-intuitively) when she started to earn more that things started to go wrong. She did pretty well in her career, and had plenty of disposable income. The crux of the problem (I found this so interesting when she described it) was that she didn't think of money in numbers, she thought of it in feelings. I would have said I earned £2000 per month and had £500 disposable income after bills. She would have said she earned "lots" and could spend "lots". + +The next thing to go wrong was hitting a rough patch in our lives and mental health. My partner struggled with depression for a while, and purchased a lot of clothes online. That actually made up the bulk of the £10k debt. She hid it from me - she was getting stuff delivered to work, hiding clothes around the house, not bothering to return stuff that didn't fit. It was all about getting an endorphin hit. + +She never wore a lot of those clothes - it was about clicking "buy". It sounds nuts (and it drove me round the fucking bend at the time), but it's a classic comfort behaviour - Shopping was linked to childhood happiness and carefreeness, and she was trying to bring some back into her tough and serious adult life. It was hidden because she was ashamed - we think there are elements of her upbringing at play here too - her parents grew up very working class, and there was a big culture of not admitting mistakes or exposing weaknesses. She tended to get very defensive if she ever thought she was going to come under scrutiny. + +&#x200B; + +I think it's also tough because of gender and class biases. If you Google it, there are plenty of articles about high earners that are piss poor because they can't control their spending, but they're ashamed to admit it because people will just tell them to stop complaining. I think there's also a gender thing at play, she could be seen as a "silly little girl that spent her money on clothes". Sadly if you're seen to be suffering "first world problems" a lot of people will be inclined to sneer at you rather than help. + +&#x200B; + +We had some difficult conversations where I had to stand my ground - I insisted she paid me back when she borrowed money, refused to get a joint bank account with her, refused to make joint purchases unless she could show me a savings plan that would get us there. I don't think she'd have ever consciously stolen or taken advantage of me, but I do think a lack of care and logic about money would have resulted in her roping me into irresponsible spending too. I see a lot of posts on Reddit about this - family members that have the best intentions but end up bringing others down with them. + +I did try to talk to her about budgeting or saving, but it took her hitting financial rock bottom for things to change. She was skint and miserable because she was spending all her money on credit card repayments for clothes that she'd never worn. She saw herself falling behind friends that earned half as much but were able to afford nicer things. It really took some pain, some impact to her life to make her want to change. She started opening up about it, asking for help in making a repayment plan, budgeting and figuring out what she could spend vs. what things cost. + +&#x200B; + +Her compulsive spending was caused by feelings of unhappiness, not being in control of her life and not living the life she wanted. Ironically, the spending was compounding those problems. Breaking childhood habits and gaining the the insight and knowledge to control her finances and her feelings towards them was the thing that kinda fixed it. Instead of feeling crap because she can't afford her dream home and buying a pair of shoes to make herself better, now she's looking at index funds and SDLT rates to figure out how to make that dream home happen. + +Fast forward to the present day, and she's almost paid off her debt. She's a budding expert on pension funds, investing and saving, and she's even the driving force in our joint finances. We might not always be well off, but whatever the future holds, I'm fairly confident that we have a stable and rational approach to our finances now. + +&#x200B; + + +So what I've learned is this: + +* Non-judgemental conversation is key. As maddening as it is, addictive or irrational behaviour can't be reasoned with or argued away. You need to listen and understand the root of the problem before you can do anything about it. +* But it's not all about being soft and understanding - Maintaining your boundaries is key if you want to help them. Don't let them bring you down too. It's ok to look after yourself; it's ok to refuse to join in with reckless behaviour. +* They probably need to hit rock bottom before they're going to be incentivised to change. +* Childhood experiences and family culture are a huge influence on how people relate to money and deal with adverse situations when they arise. +* Mental health issues can make smart, loving people do stupid, harmful things. You have to separate the actions from the person doing them. +* Helping them build the logical, numerical link between earning and spending might help. Things that helped us were: + * A non-judgemental look through her bank account. Identifying things that did/didn't have a big impact and relating them to each other. She was worried about the cost of takeaway coffee, but we were able to see that she could keep enjoying those, clothing was basically the one thing wiping her out. + * Creating savings plans for big purchases really tempers the impulse buying. For a while, when she came up with a ~~bad~~ new idea for a big purchase, I would get her to look at our disposable income and come up with a plan to save for it. Most of the time, the impulse would subside after a few hours (especially when it was going to take us four months of saving to afford whatever it was). + * Showing the impact of debts on your disposable income. I showed her that her £60k salary felt like about £23k because so much of it went straight down the drain on clothes and debt. + * Explaining things like compound interest and the benefits of paying into a pension ("Every £1 you put in now will feel like about £10 when you're older") help create a positive situation to aspire to. + +&#x200B; + +The best bit is we both have a future. Six or seven years ago, I just couldn't see how we'd be able to build a life and have a house and kids. I couldn't see how my partner would be anything other than a liability and a negative force in our finances. Now we're a team, and we're building the life we want together. +A little about me... I'm 26 years old, married, single income in household of 6. Kids ages are 7, 3, 2, 2. 2-year-old twins were a surprise pregnancy/double surprise twins. We knew we were not financially ready for another child, let alone two. + +My dilemma: We are drowning. For the past two years we have barely been able to stay afloat. I picked up a second job (part time) then lost the full time job within two weeks. Part time turned into full time after 90 days, but debt was already piling up at that point. Since then, we have been behind on everything, having to borrow money between paychecks in order to keep bread on the table. I live in Indiana where minimum wage is $7.25/hr. My current wage is $16.50/hr, but I have to commute 80 miles a day for work. I have looked for local work, but the pay is dramatically lower for the same job (was offered $12/hr). My wife currently stays at home with the kids. We done the math, and she would have to make about $15/hr to offset child care expenses, and even then we would not be bringing home any supplemental income. As I mentioned, we were staying in the green, barely, until the garnishment starting coming out of the checks. The garnishment is for a vehicle loan that was defaulted. The vehicle's transmission had blown and was no longer in warranty, and we did not have the money to fix it, so we had to take it up the tailpipe. We have requested the garnishment be dropped to a lower percent, but we are still waiting to hear back from the lawyer. I have been drained by this garnishment for 6 months now, and it has devastated our already-unstable financial situation. As or right now, we are 3 months behind in rent, and the landlord is giving us until January 1st to get caught up. So, not only are the kids not going to have a single thing to open on Christmas this year, we're going to be homeless going into 2014. + +I'm a poor excuse for a man and father. I have made a lot of stupid choices over the past few years, and my children have to suffer for it now. If there is any way you guys can find a way to help, please let me know. If you know of any programs we could benefit from, or really anything, I highly appreciate the help. We receive SNAP benefits for food assistance, but that is all we qualify for at this time. I listed my monthly income and expenditures. Keep in mind, I've got 3 in diapers still, although the 3-year-old is in transition to big-boy undies, but he still sleeps in diapers at the moment. Household necessities also includes paper towels that we use to make our own baby wipes. + +Monthly Net Income: $2370 + +Garnishment (25% of gross): $715 + +Health Insurance: $205 + +Rent: $600 + +Utilities: ~$450 + +Food: $200 (+SNAP benefits of $120) + +Car/Renters Insurance: $185 + +Fuel: ~$250 ($10/day for work, 40 miles one trip) + $100 wife (kids doctors appointments, grocery runs, etc) + +Household Necessities: $60 + +Diapers: $80 + +Internet (have to VPN to work sometimes): $10 + +Medical bills/co-pays/CPAP: $80 + +Cell phone: $0 (in-laws) +_________________________ +Total $-565/mo + +Current checking account: $-840 + +Current Savings account: $1 + +Cash on-hand: $8 + +$15k in debt due to 2 defaulted vehicle loans and medical bills (thanks $5k deductible!) + +vehicle 1 blew transmission, currently garnished, still owe $3k + +vehicle 2 payment was $550/mo, could not afford after losing job and only working part time for 90 days. Have not began garnishment yet, so I'm not too worried about this one right now. + +Current vehicles were paid for in cash. Her van gets terrible gas mileage, as most vans do. My car gets decent mileage, about 28-30 highway, but it just rolled over 200k miles, has no air/heat/blower, and can literally fall apart at any moment. I have been trying to come up with $80 for a new CV axle for over a month now. It's only a matter of time until it fails completely, but I can't afford to commute in the van. Such is life. + +Please advise. Please. +Today was our last day of work. We said many fond farewells. I had to pretend to be very sad because being unemployed sucks. I couldn't tell anyone that I could probably stop working right now and I'd be fine, so I'm telling you. + +I actually had an interview this morning, which is insane, but I couldn't tell anyone because, well, I didn't want to be rude. I've had several phone calls, I've sent out a pile of resumes, and my phone is blowing up with messages. So I think I'll be OK. But most importantly, the lessons learned of FI, the emergency fund, the 401k saving, the whole living below my means thing, the driving a 20+ year old car thing, all added up to one great big awesome time. I could have been crying like my coworkers, but instead all I had to do was pretend to be sad with them. + +And I'll likely never see that asshole I had to deal with every day ever again. I was thinking that would happen when I hit my number, and it did - I hit my number around the same time I was laid off. I'm going to get another job only because I want some padding, and I want medical coverage, but I'm in a good position to take my time and think carefully - not a place of desperation. + +None of that would be possible if I hadn't taken all the steps necessary, made all the sacrifices, to reach for an FI goal. +I've been waiting to watch this movie for awhile because I wanted to wait for some dominoes to fall first in our GME saga. I wanted to see if there was any correlation between then and now. + +Honestly, I was looking forward to watching The Big Short just for my own peace of mind in waiting for the squeeze to happen. The first hour in, I was having fun and getting excited for the squeeze, but then when the movie was over, I was sick with tears. + +EVERYTHING IS CONNECTED! No one suffered the consequences other than every day human beings. They just kept going. I hate thinking that this is happening all over again. People are going to suffer from this. When will these people be held responsible? + +Fuck jail, these assholes belong under a bridge. They need a taste of their...no fuck that! They need a five course meal of their own medicine. These fuckers need to feel what it's like to be homeless, struggle for meals, try to sleep in a dangerous place, etc. + +I honestly thought my floor was going to be 50K. Now, I don't care about the money. I just want it out of the hands of these thieves. This world needs a new group of leaders, philanthropists, and advocates. And we are going to be that future. + +I have never been so certain in my life that a squeeze will happen. It might be tomorrow, next week, next month, or shit this could last years. We just don't know, but it will happen. All I know is this, WE AIN'T SHOOK. + +We hold the cards. We are pit. We are the house. We hold until they are homeless. + +Not financial advice, but BUY, HODL, REPEAT. + +Let's make this world a better place Apes. Love you all. Thank you for this community no matter where you are. + +TL;DR: DIAMOND PLATINUM HANDS! +I've seen some pretty nasty comments towards small time investors in some or the discord channels I follow recently. + +Crypro isn't just for the rich, everyone is welcome here and by buying bitcoin and other cryptos you are investing in the future. + +If someone had invested just 1 dollar a month back at the start they would be minted right now. + +Ignore the haters and if you want to buy in, do just that. Just remember to only invest what you can afford to lose! +Hey there, relatively sure this is the right sub to post in based on previous posts, but if it's not please direct me where to go because I'm pretty lost + +So I worked at a pool a few months back, and worked a total of 47 hours there before transferring to another branch of the company. + +I was hired by the director of aquatics, and before my first shift started, the director resigned. I never got the formal training required, and was never given the card I needed to punch in. + +after repeated attempts to receive training, and to get the ability to punch in, and receiving none, I started working for another branch. I stayed in contact with the acting director of aquatics, and he kept promising that I would be paid the next pay period. I never received the pay. + +I've emailed the director of HR, made repeated emails, texts and phone calls, and after about 5 months without seeing any of the pay, I've started to become exasperated. + +I am 17 years old. Short of bringing this to court(which I feel is a little unnecesary, considering I'm only fighting for 47 hours of pay, but I need this money) what are my options? And, if I'm left with no options besides court, how do I go about that? + +I'd really like to keep good relations with the company, as I do still work for them, but in a different way at the present. since this, I have received a punch in card, so any of my future hours will definitely be paid. + +Thanks!! +For context you can get 2.87% in Ubank for at call, even the best term deposit rates for periods under 3 years are well under that, I know people get discretionary rates above official rates but that's at best .2% or so. Who opens these accounts? I get that people out of laziness accept low interest rates, but who actively opens an account with such shit return? + + +*but there's a risk that interest rates will fall* - inflation could also rise and wipe out your real return below zero, it's not like there's very far your investment return can fall from ~2.5%. Interest rates could also go up. + + +*term deposits are usually for longer terms* - if you're happy locking your money away for several years that's starting to make stuff like index funds look smarter, plus the risks for TDs I mentioend above. + + +I literally cannot rationalise someone opening these products. +[https://www.news.com.au/finance/real-estate/buying/the-huge-salary-you-need-to-earn-to-buy-a-home-in-australia/news-story/3a32ea0977dc5eebd561bc0ca7edf057](https://www.news.com.au/finance/real-estate/buying/the-huge-salary-you-need-to-earn-to-buy-a-home-in-australia/news-story/3a32ea0977dc5eebd561bc0ca7edf057) +Hey folks, + +I wanted to share some learnings about personal finance accumulated since 2015. + +I was a clueless moron who had recently graduated from high school in 2015, and I found out about the stock market through the internet. I was an idiot, so I put all my life savings in CommBank via CommSec and made $500 in a single day. I was ecstatic. I sold my CommBank shares and told everyone that I made $500 in a single day. My aunt gave me $6000 to invest on her behalf. I thought I was going to become the next Warren Buffett. + +I wanted to take my trading game to the next level, so I opened up an Interactive Brokers account and deposited all of my money + my aunt's. I thought biotech would be the next big thing, so I invested all the money in an aggressive biotech ETF. Hilary Clinton came out on the news and threatened Martin Shkreli, and the biotech ETF tanked. I sold everything, losing 20% and felt miserable, and the sleepless nights, stress and anxiety this caused me negatively impacted what mattered. + +I'm delighted I learnt this lesson early in my life. Since then, I learnt to focus on what matters and discovered first-hand that the stress from active investing is not worth it, especially when it isn't my full-time job and I have other more important things going on in life. + +Here is what I have learnt since then: + +1. The best investment we can make is in our competence and wellbeing. This investment will naturally lead to a higher income, leading to more money invested in the capital markets. +2. Predicting the markets is not within our control, but some things are within our control. Minimising fees and taxes are within our control, and reducing needless spending is also within our control. That said, it is vital to spend on the things that bring us joy. Personal finance is not about maximising our net worth during those last moments on our deathbed. +3. Invest based on sound first principles, not gut feelings. Capital markets have created enormous wealth for the world, and they reward disciplined, long-term investors to contribute to the economy's productive capacity. Don't overthink it. Dollar-cost averaging into VDHG with dividends reinvested might not make you rich quick, but it's an excellent strategy, freeing you up to focus on what matters. + +That's all I had to say, folks. +They say we have to transfer because: + +> "If you would like to pay your rent via direct debit, even if you have an existing direct debit with us it will no longer be valid as it is non-transferrable between financial institutions" + +It sounds like they should've thought that through and they can have fun explaining the situation to their unpaid customers. +Bit of a rant, but genuinely curious why BPAY is so painfully slow in todays age and why no one is doing anything about it. + +Made a payment on the evening of 23rd and it still hasn’t landed at its destination. Seems crazy it’s not instant or at the most overnight. + +‘Business days’ and ‘Bank Holidays’ seem like such a cop out in todays always on 24/7 age. + +It’s not like the offices are unstaffed, the mainframes are shut down to replace the vacuum tubes and the operators individually Morse coding the transactions over the telegraph wires are at church. This is the technology the banks make it out to be, newer than horse & cart but still a step behind dial up. + +Can this not be almost fully automated for the bulk of the transactions? +Hi all! I made post yesterday about the bullish/bearish trends that GME exhibited in the past 4 months. I wanted to make a follow up post and share some pretty shapes I found in the charts with a few indicators to support the patterns. 🌈🐻 thesis included. + +First, here is where we are with some lines drawn in: + +&#x200B; + +https://preview.redd.it/2m0xkmipu8o61.png?width=484&format=png&auto=webp&s=3cdb729fb4541e134f9605ee40be674451ac3441 + +Second, according to Investopedia, there are a few conditions for a real cup with handle chart pattern: + +1. **Trend:** To qualify as a continuation pattern, a prior trend should exist. Ideally, the trend should be a few months old and not too mature. **Check** +2. **Cup:** The cup should be “U” shaped and resemble a bowl or rounding bottom. A “V” shaped bottom would be considered too sharp of a reversal to qualify. **Check** +3. **Cup Depth:** Ideally, the depth of the cup should retrace 1/3 or less of the previous advance. However, with volatile markets and over-reactions, the retracement could range from 1/3 to ½. **Kinda check?** We fell from 483 to around 38 so this was a very abnormal retracement, and so we need to be a little weary. +4. **Handle:** After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward, other times it is just a short pullback. The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more. The smaller the retracement, the more bullish the formation and significant the breakout. **Kinda check again?** We fell from around 340 to 173, at one point. However, if only opening and closing prices ranges are factored, it would be 275 to 201. This is only a 27% drop and a 33% drop would be 183.15. +5. **Duration:** The cup can extend from 1 to 6 months, sometimes longer on weekly charts. The handle can be from 1 week to many weeks and ideally completes within 1-4 weeks. **Almost there** +6. **Volume:** There should be a substantial increase in volume on the breakout above the handle's resistance. **Maybe one day?** + +Okay now let’s look at just the handle: + +&#x200B; + +https://preview.redd.it/ru5bg80yu8o61.png?width=489&format=png&auto=webp&s=16083754a6dbdef77db377f2eadac0e28b7f68ea + +So we can clearly see downward trend lines with a support line hovering around 180ish here. It is also backed with decreased MACD momentum, slight overselling (W%R trending down), and signs of a DMI convergence (evidence of bearish sentiment). We will need to see if a downward triangle forms in the coming weeks. If one forms, then that further confirms bearish sentiment. + +Looking back at our handle rules, we can see that a handle must be formed in 1-4 weeks, and it looks like the handle formation began 6 trading days ago. + +Knowing that our bear trends for GME usually last 6-14 days, the timing lines up perfectly for proper handle formation. + +The only thing left is to wait out the handle and get a solid breakout with huge volume. Then GME go boom boom. + +Evidence of cup with handle pattern: two high resistances with a low “U” shaped support in the middle. Formation of 1-4 weeks of price stagnation with a downward trendlines. Handle supported by W%R, DMI, and MACD. + +Potential reasons cup with handle might fail: Price fell too low out of expected range during “U” formation. Potentially, price might fall too low during handle formation, and most importantly there needs to be large volume to breakout of the handle. Also, there may be a sub pattern forming as an inverse cup from 3/16-3/19. I have not analyzed it much yet, but it was pointed out to me by another redditor. + +Edit: Added one more potential reasons cup with handle might fail. + +Edit2: Removed links. + +Edit3: My bad yall! As pointed out in comments, not descending triangle as that is a continuation pattern not a reversal pattern. Changing it to say "downward trendlines" instead, cant change the title unfortunately LOL what can i say im retarded + +Obligatory emojis: 🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +TY FOR THE AWARDS! FUCKING LOVE THIS SUB + +I’ve noticed that shills start off being slightly negative in the threads then they try to turn it positive, or visa versa. + +They are smart and subtile. They lean on empathetic emotion then guide you in a different direction. + +They are subliminally planting the seed of doubt deep then smoothing it over. I’ve seen the pattern a TON as of late. Recognize the pattern, look for it and don’t let the seeds of doubt sprout. + +. +. +. +. +. +. + +Edit: For Clarification + +It may sound like from the way I initially wrote this: “if you question something you are a shill”. That is not what I’m saying. + +Open discourse and dialogue with differing opinions is healthy - Honest questions are healthy. + +I notice strings of replies that are subtilely trying to guide people into believing that they are with them, but then dropping a breadcrumb that sews doubt rather than the “the stock is going to zero” shill that we initially encountered. I’ve noticed that the shills have become more tactful and aren’t as blatantly on the “other side” as they once were. + +I have seen it frequently and I have felt it’s impact. Just my opinion on the current state of shill manipulation. +My grandmother left us just over 74k in total (from savings and government bonds I believe). The will instructed that we could not pull out any of the money until my youngest sister turned 18. After reviewing with the notary, now that we are all of age, there is just about 33 000 left after taxes and fees. My question is, even after all this time with interest, does that number make any sense?? + +We live in Canada, Quebec. + +This has been very stressful as my family does not trust this notary. + +EDIT: If anyone is curious or wants to help out, here is a bill she gave with references to other forms and sheets that we still have not gotten (is in French) http://imgur.com/hRdKOA0 + +EDIT 2: Thank you so much everyone for your enormous support! So much information but I have gone through it all! I will definitely be consulting a lawyer. +We’re at levels from October 2019 in the S&P500. That’s insane to me. We’re only down 15% from highs and up 28.5% since March 23rd. + +Certain companies are almost back to new highs or are making new highs. That’s ridiculous. 20% unemployment is unfathomable, yet the stock market is soaring. + +I’m terrified. My portfolio I’ve held for years is back in the green and I’m temptedy to sell everything and run. +I can imagine a number of scenarios where this might happen: + +1. The market tanked a year or two after you retired. +2. You realized you didn't actually have enough to make it sustainable. +3. You decided you had goals that you needed to save more for, like having a kid, buying a house, etc. + +If this was you, how hard was it to break back into the work force? What's your story? I'd love to hear your numbers and your reasons. +* Some Airbnb hosts are charging cleaning fees and asking guests to complete a list of chores. +* Frustrated travelers say they've been asked to mow the lawn, take out the trash, and wash the sheets. +* The trend is causing some people to ditch short-term rentals for hotels, WSJ reported Friday + +Some Airbnb hosts are requiring guests to complete lengthy chore lists on top of paying cleaning fees up to $375, the Wall Street Journal reported Friday. + +Frustrated travelers have pushed back on social media, with some saying they've been asked to take out the trash, wash the sheets, and even mow the lawn during their stay. + +One TikToker [u/Melworeit](https://www.reddit.com/u/Melworeit/) said in a viral video that she decided not to book on Airbnb because it charged a $125 cleaning fee and asked guests to take out the garbage, remove bed linens, run the dishwasher, and do a load of laundry. + +The post amassed 66,000 views and nearly 5,000 comments, many of which shared similar encounters with Airbnb chore lists. + +"If I'm paying $229 a night to stay somewhere plus a $125 cleaning fee, I'm not doing any laundry," the TikToker said. "I know it's like one load of laundry and it'll take me two minutes to do, but it's the principle that really bothers me." + +Another Airbnb guest took to Reddit in July to ask if it was "normal for a host to tell the guest to mow the lawn themselves?" + +"Seems like a strange response given the premium being paid for staying here (to me, at least), but if that's standard then I'll roll with it," the user wrote. "I just don't want to be penalized/charged/poorly reviewed for 'neglecting' the lawn if I don't do it." + +An Airbnb spokesperson told Insider that while hosts choose their own cleaning fees, the company has provided recommendations for keeping the amount reasonable and suggests hosts consider not charging cleaning fees at all. According to the company, 45% of global Airbnb listings do not charge a cleaning fee, and for those that do, the fee on average is less than 10% of the total reservation cost. + +"Would you like guests to load dirty dishes into the dishwasher or strip the bed linen before checkout? If so, consider charging a very minimal cleaning fee – or no fee at all," the Airbnb host resource page on cleaning fees says. "With a higher fee, guests may expect to just walk away from your space at checkout as they would a hotel room." + +Kimanzi Constable, a full-time digital nomad who has stayed in over 100 Airbnbs, told Insider that some hosts have asked him to complete chores without providing basic cleaning and laundry supplies. + +"Airbnb hosts have asked me to do chores such as take out the garbage when checking out, do the dishes, clean up, and other measures to help the host, despite me paying a cleaning fee, which can be high these days. I'm more than happy to contribute — if I have the supplies needed," Constable wrote. "Hosts should either provide all the necessary items, or scrap the cleaning fee entirely." + +See full article here: [https://www.businessinsider.com/travelers-slam-airbnb-chore-lists-mow-lawn-laundry-cleaning-fees-2022-9](https://www.businessinsider.com/travelers-slam-airbnb-chore-lists-mow-lawn-laundry-cleaning-fees-2022-9) +Investopedia💎💎💎 has this article talking about shorts and floats: + +[https://www.investopedia.com/ask/answers/05/shortexceed50.asp#:\~:text=A%20Company's%20Float%20and%20Short,to%20as%20the%20short%20interest](https://www.investopedia.com/ask/answers/05/shortexceed50.asp#:~:text=A%20Company's%20Float%20and%20Short,to%20as%20the%20short%20interest). + +&#x200B; + +Here's a couple key takeaways: + +* Theoretically, the maximum amount of a company's float that could be shorted is equal to the float itself; although, in reality, it's rare for a stock to have a short interest greater than 50%. +* Short selling is an [advanced trading strategy](https://www.investopedia.com/terms/t/trading-strategy.asp) used by investors to speculate on an expected price decline of a stock or other [security](https://www.investopedia.com/terms/s/security.asp). + +Note that the fundamental here is that it shouldnt be above 50%💸💸💸 normally, let alone 100%. It shouldnt even be an idea under normal circumstances. We didnt create this non-fundamental scenario. They did. + +Also note that shorting is called "SPECULATION." Speculation is not wise, well informed investing😒😒. They are betting and they always warn that it is betting. They warn non-stop that you should be very careful. They scare you away from these massive profit potentials and hide behind complex ideas. + +Once they start losing, they suddenly change their tune 🎶🎶. They claim we arent paying attention to fundamentals. That we are inexperienced and making dumb moves. This is the most shrewd, clever, intelligent market move made since the Big Short. The institutional investors got caught with their pants down 😘 in public and blame us for calling them out on it. + +Market Makers are not the Market. They might think they are, but they aren't. You cant time the market, but you can damn well time shorts 😂😂😂. + +GME & AMC to the next galaxy 🚀 🚀 🚀 🚀 🚀 🚀 just to prove a point + +TLDR: 250% float aint fundamental. But our gainz will be eternal🚀 🐱‍🏍🚀 + +EDIT: SEC SHILLS ASKING ME FOR ADVICE CAN FUCK OFF. I AINT GETTING PLAYED. MY NAME AINT KAREEM SERAGELDIN. I like the stock. + +EDIT 2: Added emojis for clarity and tldr + +EDIT 3: HOW DO I SELL AWARDS AND REDDIT COINS TO BUY GME?? PLZ HALP + +EDIT POTATO: FUCK GUYS I MIGHT BE ACTUALLY RETARDED. LOOKS LIKE ITS CLOSER TO 95%. NOT 250 +Just stumbled on this apparent gem on /biz/, looks real good to me. Mostly bullish about the vitalik memes, it supposedly solves the problem vitalik has with btc/eth bridges that are present in wBtc and so on. Copy pasta from /biz/. + +\>4m mcap +\>first trustless bridge for BTC to ethereum network +\>instead of trusting some jew to not steal your btc there is no one to trust as your BTC is burned and vBTC is minted +\>n3rdz + sushi devs +\>daddy vitalik said trustless bridges would make him fuckin cooom +\>vBTC and BTC will be pegged in the future using money maker pools that anyone can stake and earn rewards from vBTC or $trdl +\>v2 coming very soon sneak peek was shown in AMA +\>great for DeFi as flash loans are integrated into vBTC, theoretically you could get a flash loan of 21m vBTC if the trade you were attempting to do would actually net you a profit +He charges for fund management (she would not tell me how much). He claims to get 24% returns! This sound like a scam to me, a Bernie Madhoff type scam. She is normally very smart but has had some bad luck with work and finances and she is desperate to get ahead of the game, at 60 she has very little time. I am pretty worried she will lose everything. As her ‘baby’ sis she probably needs another source of advice. Can anyone confirm or calm my fears? Can anyone give me a good source to share with her that will persuade her to shift her money? +I really want to move out of my mom’s house next year. Even if I could find a studio apartment I would be happy. Everyone discourages me saying that my income is too low. +The issue is that I live in Florida and the housing market is horrible. Moving isn’t an option right now. +My credit score is 730 right now. Is there hope for me? +So, I hate hedgies. With that, I like to try to figure out how to fuck them. I've finally realized that I have a simple motivator here waiting....no more drinking until MOASS. + +"But how does that fuck hedgies?" + +Great question! You see, as much as I hate hedgies, I love beer (and whiskey to be fair). I'm also a huge fan of the movie Surfer Dude. In that movie, my man Matty McConaughey makes a vow to not smoke any more weed until the waves return and he is able to surf again. Know what I say to that? + +Alright alright alright.... + + +If he can do it, so can I. From now until MOASS, every single fucking dollar I would normally put towards alcohol, is going to GME. Fuel my fire, Kenny G. + + +Remember when I said I love beer? Well, I love GME more. So yeah...I'll +be needing a lot of extra shares Mayo Man, if you would be so kind to create additional ones.. + +I'll be buying one share at market open because dips are for bitch(es) +I read: +https://www.reddit.com/r/realestateinvesting/comments/c42w1m/as_a_real_estate_investor_is_there_any_benefit_to/ + +I was curious for everyone out there what degree, class, certification, or other has been helpful to you? I know obviously theres the school of hard knocks of actually doing it, but perhaps an advantage came from having a previous background etc. + +For example maybe being a Realtor saves you 1.5% on each deal which gives you an edge. Perhaps being from construction means that you can better evaluate. I hear a lot about ex-engineers who are pragmatic and good with math etc. + +What was helpful, what wasn't? + +I'm also especially curious about those with real estate development or other similar degrees. Did it matter? Was it all about the network etc? +I have been researching for a while now and looking to make my first rental property investment. My local area is very difficult to invest in, so I started looking out of state. + +I was browsing several areas in Florida (Jacksonville for one) and it seems fairly easy to find a multi-unit property that cash flows positive. I found several properties in the $200-300k range that cash flow close to $1k per month in total. Some of them are fully rented out currently. I’m assuming these are too good to be true, but what am I missing? +So far I’ve heard that down payments on investment properties can be anywhere from 15 to 30%. I’ve been thinking of going into real estate investing. There are a couple of properties I’ve seen in my area with attractive prices that will either break even on rent or require just a little more from me. The issue is I do not currently have 15 to 30% of 350k in cash and was wondering whether borrowing from my 401k is an option. + +Does anyone has experience with this? How did it work out? + +Update: + +Thanks a lot to everyone for the replies. I’ve learned a great deal. The overwhelming response is “no, not wise”. I’ll go with that. Like I said in a reply, I’m itching to get started. But I’ll have to wait to save some more, at least to pay the DP. + +A few others have pointed out how they did it and it turned out great. One has to consider though that the RE prices and interest rates are very high right now while stock prices are low, so while it may have made sense a few years back, the numbers won’t work the same now. + +Thanks again! Y’all are great. +My wife and I currently have our primary house and our first house which is now a rental. We are looking at either renting out where we are at currently and buying something else as our primary or purchasing another rental and staying put for another 5 years before reassessing. One difficulty we are seeing is the ability to get any sort of equity out of the rental without doing a cash out refi which although possible does not look economically feasible. Most of the lenders we have spoken to are offering a tiny percentage on Home Equity Loans or HELOC's. Kind if wondering how others in this subreddit access rental properties equity and any advice in general. Thanks for reading. +I am fortunate to have a stable and decent paying remote job that allows me to live anywhere in the lower 48 states (and near an airport for business travel). I am early 30s, single, very mobile, and wanting to invest intelligently. Currently own my first property and researching my next target. + +My overall real estate plan is to buy another house or duplex under ~$300k range every 2-4yrs to live in, add curb appeal improvements as needed, then eventually rent out or sell. Aiming for at least 2 beds and 2 full baths to potentially rent the room out to lower costs. Rinse and repeat then have option to sell any remaining rental properties once they’ve really appreciated over time. I also like the idea of moving to different places every few years to start again and get to know the locality, assuming I don’t settle down permanently in one region and just grow my real estate portfolio locally. Planning on using a management firm to look after my rentals. + +Looking for small-to-mid sized urban areas with strong potential for long term growth and appreciation. Especially for cities that can become the next major Tier 3/4 economic player like what Austin, Denver, and Tampa have become. With my price range, I am mainly focusing on the Southeast region (NC, SC, GA, TN, FL) with LCOL towns and cities primed for attracting retirees, employment, young professionals and families; but also open to all regions in the US to research into. For those who have a similar strategy, hoping we can all share “hot tips” for areas about to reach a flashpoint in the next 5-10yrs! + +I have enough for 20% down for my price range, and emergency savings if the economy really goes for the worst. Starting to research and hunt for great deals especially if rates stay or get lower, and prices have fallen some due to the Covid pandemic. Here are my Top 5 areas I’m considering, any thoughts on the below for my next move? + +- **Raleigh-Durham-Chapel Hill, NC**: +This area is already a spoiled secret but can still find opportunities in the growing rural areas 30-45min outside of the Research Triangle Park. Soon will become a leading Tier 3 urban area in my opinion. *This is where I’m based now with my first investment property near downtown Durham. Just reached 2yr ownership and have already built a nice estimate ROI. Have an interested party lined up to start renting already. May stay in the RDU area if I find another great deal to buy next.* + +- **Savannah GA - Hilton Head Island - Beaufort SC**: +Once seen as just a sleepy retirement or tourist/golfing destination, I think this region has started growing exponentially with recent YoY leaps in population and housing. My older brother’s family relocated to HHI and lives in and rents out two properties, and currently building his third home in Beaufort to move into. Most of HHI is already developed and quite expensive but off the island, there’s been more developments and planned communities starting in the $200k range. My brother is starting to see more young professionals moving in as well the last few years, not just retirees. Very family friendly area and why I’m strongly looking into nearby downtown Savannah, GA. Able to find beautiful remodeled historic homes and fixer-uppers well under $300k. These types of historic and new colonial styled homes are often $1M+ in sister historic port city Charleston, SC. With the major shipping port, growing aerospace/defense industry, local SCAD and State universities, and “southern charm” seaside appeal, I think downtown Savannah is starting to catch up with Charleston in accelerated value and growth. + +- **Winston-Salem, Greensboro, High Point, NC**: +Known as the “triad” (sister to RDU “triangle”), this urban region seems to mirror what Raleigh Durham was 20yrs ago. Winston Salem, similar to Durham, has beautiful old tobacco factory buildings repurposed into mixed use, but currently a high crime rate and void of a younger concentration (also like where Durham was 20yrs ago). Local education is strong with several good universities (Wake Forest, High Point, UNC-G, AT). Since the triad had a brain-drain with young professionals moving to the bigger cities as Big Tobacco became less of the anchoring industry, there are now active municipal and grant-supported efforts to attract research, medicine, and IT partnered by the universities. Banking also has regional presence due to nearby Charlotte. I think the biggest “hot tip” to the triad is its location between Raleigh and Charlotte, equally 1-1.5hr away on the I-40/85 corridor. Feels like the triad is the last big urban area in North Carolina primed to explode just like RDU, Charlotte, and Asheville. There are cheap under $100k historic homes in downtown Winston Salem and Greensboro getting snatched up for gentrification and remodeling. + +- **Jacksonville FL**: +Home value and population have dramatically increased YoY like other big southern cities, but jobs/construction have cooled off last 2 years. This temporary stunt lead to oversupply of affordable newly built homes under $300k. My thinking for investment is more long term, as JAX is already a Tier 4 city in terms of population, but seems to be the last large urban environment in Florida that has not yet matured into a big economic and luxury market player that the rest of Southern Florida has become. Don’t get me wrong....there’s still mansions worth several millions in JAX...but the city and its beaches haven’t garnered the same high status and wealth as Miami-Boca Raton, West Palm Beach, and now Tampa/Sarasota. I can see the long term potential especially as a large Atlantic seaside city. I also foresee positive job growth returning to JAX in the next business cycle, sandwiched between Atlanta and Miami. + +- **Chattanooga TN**: +Has attracted STEM and is now the “Gig City” of the world with some of the fastest internet connections. I still don’t hear too much about “Nooga” yet...but have the feeling it will will grow quickly and attracting national trending similar to Nashville as of late. So most real estate investors haven’t largely caught on just yet, but I’ve seen trending in buying and housing prices spike this year. Equidistant to Nashville, Knoxville, and Atlanta, this town seems ready for a flashpoint. Situated at the foothills of the Appalachian mountains, this town is highly regarded to be family oriented and very safe. I can see it attracting the same active young professional crowd who enjoy the outdoors that Denver, Salt Lake City, and Colorado Springs get. Great prospects for real estate buying, # 2 under Nashville and above Raleigh Durham on PwC’s Real Estate 2020 report. (https://www.pwc.com/us/en/asset-management/real-estate/assets/pwc-emerging-trends-in-real-estate-2020.pdf) + +*Smaller areas that I’m also considering:* + +- **Fort Mill SC**: +Just south of banking capital Charlotte NC. Young professionals and families are relocating south of the border for the cheaper housing, lower taxes, gasoline, etc compared to NC. + +- **Greenville SC** +The fastest growing market in SC and halfway point between major economic players Charlotte and Atlanta. Very family oriented and has attracted a trendy progressive vibe similar to Asheville and Austin. + +- **Columbia SC**: +For potential long term value, as the state capital and home to the flagship USC university. Higher crime rate and low industry but may benefit from SC’s overall growth trajectory. Currently not a valued proposition for employment...but maybe in another 10 years? May never become an “Austin” but maybe potential as the next Nashville or Birmingham? + +- **Cape Coral-Fort Meyers-Naples FL** +Gulf-seaside area that caught national attention as of late. One of the highest increased rates in the state. Potential to become the next big luxury housing market player in south FL. Thinking it would be a great place to buy and rent to retirees. + + +Are there any cities or towns you would suggest that could become hot markets in the coming years? +I won't lie. Times are rough. I have a $7K or $10K card with Chase business. I just approved a sewer drain repair, etc. My credit limit is now $3700. My utility bill was declined. + + +I will weather the storm but I'm really disappointed in Chase. This might be a final straw. We'll see how they handle us Amazon customers. +So about 4 months ago my apartment building caught on fire; one of the top floor apartments and part of the roof. +Because of it being on the third floor, the amount of water the firefighters needed absolutely destroyed everything inside. Old ceilings, horsehair plaster walls, flooring etc. The building is not a tear down, but definitely a complete gut job. +The insurance covered up to a million in damages. + +The numbers I just got back from the adjuster was about 740,000 for the claim, 180,000 for demo and I will still be able to sell the building for maybe 200,000. + +I had a contractor freind tell me on the low side, it would take 200 a sq ft to redo the entire building. It’s 7500 sq ft. The numbers are not making a lot of sense to me. Does anyone have any advice on this situation? +I have been researching for a while now and looking to make my first rental property investment. My local area is very difficult to invest in, so I started looking out of state. + +I was browsing several areas in Florida (Jacksonville for one) and it seems fairly easy to find a multi-unit property that cash flows positive. I found several properties in the $200-300k range that cash flow close to $1k per month in total. Some of them are fully rented out currently. I’m assuming these are too good to be true, but what am I missing? +I currently have a small portfolio of multifamily house and I'm getting tired of all of the issues. Anyone ever pivot away from residential to triple net commercial leases? + +I am thinking medical like surgical or dental. +The other day I went into this website called livejasmin and ended up spending some money. +That got me thinking. +Is there any way of investing in webcam girls? + + +GE Market Maniuplation?! Anyone buying the dip?! I'm staying away. I'm shocked it only went down 11% + +"General Electric shares saw their biggest drop in more than a decade Thursday after Madoff whistleblower Harry Markopolos targeted the conglomerate in a new report, accusing it of issuing fraudulent financial statements to hide the extent of its problems. " + + [https://www.cnbc.com/2019/08/15/ge-shares-drop-after-madoff-whistleblower-harry-markopolos-raises-red-flags-on-its-accounting.html?\_\_source=iosappshare%7Ccom.apple.UIKit.activity.Mail](https://www.cnbc.com/2019/08/15/ge-shares-drop-after-madoff-whistleblower-harry-markopolos-raises-red-flags-on-its-accounting.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail) +I was still in high school during the GFC and am just a macro tourist now so apologies if my initial premise is wrong. It seems like in 08 through 12/13 there were plenty of people banging the drum that QE would lead to high inflation or even hyperinflation. + +In hindsight that was woefully wrong but what were the most credible QE-> inflation arguments? Was it just a belief that bond buying was injecting money straight into the real economy which would be used to chase goods but actually it just flooded the banking system with reserves that banks really had no use for with weak loan demand? +[India has an annual GDP in nominal terms of ₹166,606,584,639,500, which is about $2.23T a year.](https://commodity.com/debt-clock/india/) However, [according to Wikipedia, their PPP GDP per year is much higher at about $8.1T per year.](https://economictimes.indiatimes.com/news/economy/indicators/india-retains-its-position-as-3rd-largest-economy-on-ppp-basis-for-2017/articleshow/76532262.cms) + +So here are my questions: + +* Since PPP GDP is a better measurement for a nation like India to assess it's economic output, is there a better measurement for its debt levels, such as the DEBT/PPP_GDP or PPP_DEBT/GDP? +If companies weren’t allowed to patent or copyright inventions, designs or methods of doing things would that make it harder to set up a monopoly and force significant market competition? +Why spend resources providing depositors with tools when you can just borrow money from the fed and then loan it out and make money. It's basically the same thing, customer deposits are basically a low interest loan from the customer.... +Considering the massive car culture and ease of flying in the U.S, the government funded Amtrack has been very much outclassed by other methods of transportation. Even those who lack a personal car can take buses at much better rates than using a train. + +While there are talks about building a high speed railway, it seems that the abundance of vehicles (1 out of every 7 Americans owning a car) would still make further investments into Amtrack a waste of funding. + +Would it be more beneficial to make the Amtrack and the American railways system private? Would this generate better revenue and cut off government spending? Are there any concrete reason why the U.S. government should hold on to Amtrack that cannot be fulfilled by other public or private transportation methods? +The recent post in r/worldnews [Link](https://redd.it/9lgop0) has JP Morgan predicting a full blown trade war between the 2 countries. + +What will that entail. How will it progress? What will be the peak of the "war" be like? And how will ot end? +Medicare only covers 25% of services. So the patient is either on the hook out of pocket or they pay for supplemental insurance. That seems like a multi-payer system to me. + +And what is multi-payer, if Medicare isn't? +This question represents comparative advantage, *a concept* I'm struggling to understand. To clarify that I'm not homework hunting the correct answer is letter C. + +41. Jim can wash the car in 3 hours and do the shopping in 2 hours. Mary can wash the car in one hour or do the shopping in one hour. Can they benefit by specialization and trade? + +A. Neither can benefit because Jim has nothing to offer. + +B. Jim could benefit from an exchange, but Mary cannot because she is better at both. + +**C. Both can benefit because Jim has a comparative advantage in shopping.** + +D. Both can benefit because Jim has a comparative advantage in washing the car. + + +**My Question** + +Mary can clearly do both of these tasks in 2 hours if she did them separately one-by-one. One hour to shop, one hour to wash the car - boom, done. Jim on the other hand takes a total of 5 hours to complete both of these tasks. It doesn't make logical sense why Mary just doesn't do both and get done in two hours. How can Jim possibly have any comparative advantage here? Furthermore, how can Jim have a comparative advantage in shopping if he takes 3 hours and Mary takes 1? It seriously seems like Mary could just do everything. + +Governments have taken on trillions of dollars of extra debt to get the economy through the lockdowns and more is being proposed. Some economists are raising alarms about the debt levels, others about the threat of inflation. The Fed seems to assume that if there is inflation there will be strong economic growth to go with it so raising interest rates won't be a problem. In 2019 we saw the Fed forced to lower interest rates soon after they began raising them as economic growth slowed, but at the time inflation was relatively low. We now have inflation in many asset classes and commodities but not in consumer prices. Lately though, some companies are announcing that they will have to raise prices on finished goods because of higher input costs, Warren Buffett recently spoke on this. + +What are the chances that we could have persistent inflation with persistently slow growth, stagflation? If that happens, would the Fed be more willing to raise rates to stifle inflation but cause a potentially severe recession or would they accept high inflation and keep rates low? If the former, how high could they raise rates given the increased cost of debt servicing it would put on the government? +I'm personally not considering a PhD, but I was just curious about people's stories on what made them decide to pursue graduate school (either PhD or master's), and why in economics, in particular? +I realize this question might invite comedic responses, but it's an earnest question so I'm hoping for some serious ones as well. + +If you know of any particularly convincing refutations, I'd really appreciate it if you could direct me towards them. In particular, I'm interested in resources that discuss factors correlated with/indicative of market inefficiency. I'm not super well-versed in economics or the jargon of academia, so books/articles legible to non-economists are preferred. +I see a lot of support for carbon tax among economists generally. If markets are not capable of pricing in carbon emissions as they are externalities then how can economists do the same to set the optimal carbon tax rate? +My knowledge is limited, so I'm hoping to learn the answer! Deliveroo is a company that has never made a profit; year-on-year its losses outweigh its profits. I understand why it is still 'worth' so much, and that their IPO is just week's away, because people are banking on the *potential* more than the current figures. + +One thing that bewilders me is that surely, on a balance-sheet test, if the numbers were crunched, surely deliveroo's liabilities would exceed its assets, especially as it has never turned a net profit? What is stopping it from being declared insolvent? Thank you! +If you look at the GDP per capita graph of India, you'll notice that the GPD starts rising exponentially during the early 2000s. + +Source: [https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=IN](https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=IN) + +Also, I noticed similar trends in the case of other neighbouring economies, namely Pakistan and Bangladesh. Could anyone shed some light on the reasons behind that? +I was reading some on the Obama era stimulus and its effectiveness. And they were saying the stimulus had mutipliers of around 1-2 depending on the group. But this caused another, more general question to arise. + +Which mutiplier tends to have the greatest impact? I dont think economists typically view them in isolation, they are used to estimate the impact of certain policies. But, let's say to boost an economy during a recession, is there generally a mutiplier that's best? I would assume it's likely the fiscal mutiplier or money mutiplier because those are the two main ways to go about boosting the economy. + +On a slight tangent note, i think Friedman in his book capitalism and freedom claims that the fiscal mutiplier is almost always near 1. But with the papers I was reading they were saying its above one. Does this imply that Friedman was wrong? Or that government policy has gotten more effective since the 60s (when capitalism and freedom was originally published)? + +Papers in question VV + +[”Did the Stimulus Stimulate? Real Time Estimates of the Effects of the American Recovery and Reinvestment Act](http://www.nber.org/papers/w16759.pdf) + +[“Does State Fiscal Relief During Recessions Increase Employment? Evidence from the American Recovery and Reinvestment Act."](http://www.stanford.edu/~waw/papers/Chodorow-Reich_Feiveson_Liscow_Woolston_state_fiscal_relief__aug_2011.pdf) + +[Place where I found the articles also offers a summary for the above two, plus has a few other articles on the subject.](https://www.washingtonpost.com/blogs/ezra-klein/post/did-the-stimulus-work-a-review-of-the-nine-best-studies-on-the-subject/2011/08/16/gIQAThbibJ_blog.html?utm_term=.aec8bcafb7c6) + +Edit: formatting and a summary +I just heard [this story from NPR on the radio](https://www.npr.org/2018/08/16/639236531/walmart-and-others-offer-workers-payday-loan-alternative) and it got me thinking: We live in the era of direct deposit. Couldn't we avoid a lot of these predatory payday loans with daily paychecks (or at least more frequent paychecks)? + +Various places online say that one direct deposit costs [about $1.50](https://www.nfib.com/content/resources/money/costs-and-benefits-of-direct-deposit-of-salary-checks-19045/), or [$0.35 cents or less](https://www.shrm.org/resourcesandtools/hr-topics/compensation/pages/directdeposit.aspx), or even [$0.10 or less](https://priceithere.com/online-payroll-cost/). That's a huge variation and I don't know which closest reflects reality. + +Using the $1.50 number, it would cost $30/mo to be paid daily instead of $1.50/mo to be paid monthly. That can be significant, almost a 2% pay cut if you're paid $10/hr. If deposits are closer to $0.10, there's essentially no pay cut. Either way, it's a lot better than a payday loan, and it's less stressful than working every day but only getting paid every month. And it would seem like those effects matter more the closer you are to living paycheck-to-paycheck. + +Why don't more jobs offer something like this? And would it even make a difference if they did? +This past weekend there were a couple rival posts in r/badeconomics (by u/gorbachev and u/haalidoodi) discussing the effectiveness of elementary economics education (focusing on microeconomics). I think most of us would agree that instructors have a responsibility to impress upon their students the level of agreement of economists on hot political issues (price controls, tragedy of the commons), but the two users above disagree on the effectiveness of professors in creating an appropriate impression. + +Both posts provided little information to support their view on the current state of economics education, so I would like to ask: is there any research in how successful intro Econ courses are at informing students on basic policy? + +A follow-up question would be: are there teaching techniques you find helpful for ensuring your students have a good grasp on the subtleties in the field and don’t leave with an incorrect impression? + +And lastly, I’m curious what your personal positions are about intro economics’ role on informing students on policy and whether this should be prioritized more or less than introducing them to the field. +Take for example the Indian movie industry. it churns out star kids one after another and yet some of them become successful later in their careers.i want to know the talent/economic loss and any future predictions to any such industry which indulges in nepotism. +Karl Marx believed that the rate of profit would fall in capitalism over time due to the increase in productivity of labor over time. [https://en.wikipedia.org/wiki/Tendency\_of\_the\_rate\_of\_profit\_to\_fall#Marx](https://en.wikipedia.org/wiki/Tendency_of_the_rate_of_profit_to_fall#Marx)The questions are: 1. What exactly is meant by the "rate of profit?" Profit margins? Return on assets? Return on Equity? Profits as a percentage of GDP? + +2. Is this actually happening? How can we know if its actually happening or not? + +3. If it is happening, then does it mean what Marx thought that it meant? i.e. the inevitable end of capitalism. +Why are countries like Monaco and Liechtenstein so rich? Why are other small countries - like some in Africa and Asia - poor at the same time? What do the poor countries need to do to get to something like a 20k GDPPC? +A 'stock' doesn't seem to have much inherent value except dividends which aren't guaranteed and amount to basically nothing for the average person anyway...I don't know how shareholder voting works but presumably again it amounts to basically nothing for the average person and if it did I don't understand what value *that* practice would have. Seems like 99.9% of people treat the stock market exactly like the crypto markets. + +It just behaves a little bit more in concordance with reality, I guess. But not really? +I am no Economic expert, I am asking for clarification. In the Bretton Woods Agreement, the shape of the post war monetary fund was discussed, the two options were: + +1. USD and Gold to be used as a world reserve currency where other currencies would be begged to them. +2. A Global Currency (Supernational Currency) that was proposed by John Keynes. + +My question is, How would the world have been/What are the ramifications if the Keynesian proposal was the one implemented. + + +"I also read that the Bretton Woods Agreement was one of the main reasons for the Cold War, as the Soviets rejected the Agreement." +Krugman also seems to suggest that economists who support these theories are understood to be acting in bad faith. What should we make of these claims? + + +https://www.nytimes.com/2019/01/05/opinion/alexandria-ocasio-cortez-tax-policy-dance.html +Less sugar, more fruit. Less soda, more water. Less driving, more walking. Less worry, more sleep. Less words, more action. Less fiat, more Bitcoin + +Hope you are well +TLDR: Semi-retirement offers most of the benefits of FI, while seriously reducing your time spent in the rat race. It’s arguably more risky than traditional FIRE, but for many the pros will seriously outweigh the cons. + +Let’s me start with a quick questionnaire, because I don’t want you to waste your time reading this entire post if semi-ER isn’t right for you (or maybe you’re bored and have nothing better to do in which case - enjoy!) + +Do any of the following apply to you? + +* You are stuck in a well paying job that you don’t necessarily hate, but you wouldn’t be there if you were already FI + +*You’re willing to take calculated risks, perhaps more so than some of our more conservative friends with 2% SWRs and target numbers 75x their CoL + +* You struggle to balance your ideals of wanting to be FI and wanting to enjoy your younger years + +* You love your job/industry, you just wish you could find a better work-life balance + +If you fit ANY of the above categories, read on. This could be for you. + +---------------------------------------------------------------------------------------------------- + +Say you make 80k/year, spend 40k a year, and based on the typical 4% SWR your number is 1 Million Dollars. + +So the typical FIRE goal would be to save up one million dollars, which should take ~15 years at 7% inflation-adjusted returns. + +Well, that kinda sucks. + +And that’s assuming that a lot of things go well. I’ll talk about this more later (yay more of my shitty writing for you to wade through!) but what if we get caught in another recession? After all, we’re voting in either Trump or Hillary. Things are about to get weird. + +Anyway I digress. The other option is semi-retirement. Of course there’s a ton of ways to divide up your FT working years and your PT working years, but ley’s say you work full time for 2/3 of the time it would take you to FIRE. In this case, 10 years. Using the same interest rate, you now have 590k as your nest egg. Not bad! + +Now, if you semi-retire and just work enough to cover your expenses, it would take 8 more years of not being FI until you reach your $1m goal. + +To compare the two options: + +Full-time: 15 years @ 80k/year + +Part-time: 18 years. 10 years @80k/year, 8 years @40k/year + +Oh and surprising fun fact, you actually end up working less hours, assuming that your PT hourly wage is the same as what your FT wage was. The ratio is 14:15 PT hours to FT hours. Since we have 3 more years for our money to grow in the semi-ER scenario, we don’t have to spend as many hours at work. Sounds counter-intuitive but makes sense once you think about it. + +Anyway, now we’ve seen the two options. How do you decide which one is better for you? Both definitely have their pros and cons, so let’s go into that for a second! + +I think the big protection that semi-ER gives you is the freedom to have the work-life balance most of us dream of. Say for example that at the 10 year mark in our example, we hit another recession, a 6 year downturn in the market. Nothing huge, but maybe after inflation you're down 4% for 6 straight years. I think this is something none of us like to think about, but that basically means that those 6 years brought you no closer to your FI goal. Instead of it taking 15 years, maybe it'll take you 21 to reach FI now. That really sucks. What is you FIRE date right now? How would you handle knowing that it was going to actually take an additional SIX YEARS?? If you’re like me you don’t want to imagine it. But it’s a realistic scenario that we have no choice but to deal with. + +However... + +Going to semi-retirement could mean that you get to do the job you actually want to do, instead of the corporate soul-sucking job you're planning on sticking with for another 5 years (11 after that shitty 6-year recession!). Most of us here want to do SOMETHING with our time after FI, and for many of us that includes one or more jobs that we would actually enjoy, at least in brief spurts. + +Maybe you've wanted to be a snowboard instructor in Colorado, but it doesn't pay enough to help you reach FI. Now you could do that job, and as long as it's paying your expenses you can let letting passive income do the rest. + +Or, a managerial role at your favorite non-profit just opened up. You love and believe in this organization, and you hate your middle-management job. Unfortunately, the non-profit job only pays 40k, and you can't give up the 80k job you're taking right now. Otherwise you'll never make it to FI. + +I can go on and on with examples like this, but the point is clear. **Semi-ER can offer similar benefits as full FIRE, but way quicker** + +*So what are the downsides to Semi-Retirement?* + +The biggest risk, put simply, is the fact that you’re taking way longer to reach FI. If the economy is bad, you don’t have that extra 40k going into your investments. You may feel trapped and forced to work, and you’ll still be affected if you get laid off or are unable to work. That is, of course, the worst case scenario. + +Of course, in the classic ER route a LTR (long-term recession :p) isn't doing you so hot either. You're gonna be stuck with your net worth going slightly up at best, and down a lot at-worst. + +So what situation would you rather be in? Working your dream job while your net worth stagnates, or having it slowly rise while you slave away at your higher paying job? + +(That’s non-rhetorical by the way, some people will actually say they’d rather take the soul-sucking job. But hey, more power to ya!) + +So what do you think? Have you ever thought about semi-ER? Any of you currently following a path like this? I’d love to hear your thoughts. + +P.S. I'm not saying Semi-ER is for everyone, obviously. Some of you will dislike what I wrote because you have a job you love and you WANT to be working 40+ hours a week. That's great, and that just means Semi-ER isn't for you. But there are a lot of us who feel that working FT just isn't right for us, and this is an option that can get you out of that rat race in 2/3 the time. +Over the last 2 years, i've been blowing up my small accounts by trading SPY options like over 3k in losses. How do I avoid losses and stay disciplined. This shit is so hard +I hope this post helps someone out there to avoid the mistakes that I have made. + +When I was a kid, my step dad helped me invest $850 I had saved up in my first stock. The first tech boom was just a few years away. + +By the time I was a teen I had a full portfolio and was rocking it. I had around $50k invested. All from money I made working at a flower shop, computer repair shop, (and selling a bit of pot too if I am being honest), and buying stocks. I was going to be the next Warren Buffett of course ... lol. + +In 1999-2001 day trading took the internet by storm. Even your cab driver had trading tips back then. I got sucked in with many others, and I also got wiped out. By early adult hood, I had blown out my account to 0 on dumb options plays, not knowing what I was doing and taking idiotic risk that I didn't fully understand. + +For a decade I avoided the market mostly, even though it had once been such a passion. I got a degree. Went into a different industry. + +Sadly at some point along the way again, I thought I could be a 'trader'. I went through similar cycles as the first time (perhaps with a bit more knowledge, wisdom and maturity than the first time). The game is even harder now though. The HFT's and Algo's are programmed just so perfectly to squeeze out your money, even if it is one penny at a time. Once again, after wasting many years, I found myself at the bottom. + +I will spare you the rest and jump straight to the ending: I am nearing 36 years old, and my portfolio is nearly non existent. I am not poor, and I own a nice little business ... but I am also filled with regret. + +Had I never started trading, and had I just continued investing, I would probably be a multi millionaire based on the trajectory I was headed by this point. I also would have gotten to skip many years of shame, doubt and guilt. + +The amount of people in this day and age that are actually successful traders are so god damn few and far in between. There is a reason the entire world has moved to quant systems. Computers trade better than humans filled with emotions. + +Moral of the story for you youngins' out there: Buy and hold. Maybe don't buy today at the peak of a fed induced 10+ year bull run and wait for a market correction in the next few years (ironic that I would be giving financial advice by the way), but when the opportunity strikes .... buy and hold. Make smart investments. Don't take dumb un-necessary risks. Sometimes the boring stocks are the absolute best ones. + +The stock market shouldn't be exciting. It shouldn't be something that makes you lose sleep or feel anxiety. It shouldn't be 'fun'. + +Hope someone gains something from this post. +Earlier this week I made a post on r/options that claimed that put/call parity on at-the-money GME strikes had broken down for a least part of the day. The original post was intended for mostly options veterans who would know what the issue is about, and therefore assumed that the reader knew what is meant by put/call parity and also why parity is also the normal state. But the post got a lot of attention, not because it was about parity, but because it was about GME, and an early reader shot a copy of it over to r/superstonk and all of a sudden nobody knew what I am talking about. So I spent the rest of the day trying to answer questions. + +A few of the r/options contributors and I stated that normally a type of arbitrage quickly moves a parity breach back to parity, but none of us had enough time or energy to explain how that arbitrage works. So I will give a very elementary but easily understood example. + +The condition of put/call parity assures that a put and call at the same strike will have the same implied volatility. Theoretically it doesn’t matter if the strikes are close to the money or far from the money. And this condition is not affected by the presence of what is know as a volatility skew or a volatility smile. In other words, this condition is supposed to hold all of the way up the skew. + +This is a very elementary example. In it we are ignoring fees and bid/ask spreads and the like. + +Assume that a stock is priced at exactly $100 and there is a strike price at $100. Let us assume that there is an expiry in 10 days. If using the standard starting assumptions of the Black-Scholes_Merton (BSM) options pricing model, with put/call parity the 100 Call and the 100 Put will have the same price and the same IV. (It doesn’t matter what the price and the IV actually are). + +But suppose that the 100 Call is $10 and the 100 Put is $5 (an extreme example). The Call will have a higher IV than the Put, so put/call parity has been breached. But this example would result in arbitrage, which would quickly bring the IV back into alignment. How would a trader do the arbitrage? + +Sell the Call and buy the Put for a $5 net gain. Also buy 100 shares of stock. If cash, this costs $10,000 but you will get it back. Wait for expiry. + +If the stock goes to any value above $100 – it doesn’t matter what value, your stock will be assigned and you sell it for $100 per share and you get your $10,000 back. You have made $500. + +If the stock goes to any value below $100, you exercise your put and the counterparty must buy your stock for $10,000. You have made $500. + +The resulting supply/demand imbalance by those who can do this arbitrage will eventually pull the prices back into alignment. + +If the Call is $5 and the Put is $10, write the Put, buy the Call, and short 100 shares of stock. Why that would work should be clear. + +But in the latter case, what if there is no shortable stock or the short cost is too high? Well, then you have GME. + +Now that was overly simple. To understand a more complicated argument you will have to accept the argument that if the strike is way out of the money for, say, the Put, so its dollar cost will be cheap, and the Call at the same strike is way in the money, so it is expensive, those options are effectively the same price if their IV is identical. + +If there are any questions about this I can provide some recent examples over the weekend. Any criticism is welcome of course. [Edit: typos] +I’m a 30 year old M who is living with my partner 30F at my parents place. We have been together for five years and are now saving for a house. + +We both get paid around the same amount but she is putting money away in her own savings account and I’m putting most of mine in our joint savings account. + +I want to get a house faster then she does. Should I be bothered I’m saving more and what would be a good compromise? +So I'm 20 years old live a VERY familial lifestyle with my great family. Thing is we have a mortgage going on, my dad passed away before this and my older brother works the mortgage. I on the other hand finished school 2 years and now I work, netting around $50k a year. I also started studying teaching this semester, I'll be able to finish this in about 6 years and start a career making 70-80k gross per annum. +My brother kindly suggested and asked me to consider a trade e.g plumbing or becoming a builder through tafe. Thinking about it it's not bad considering I'll be making more money through apprenticeship (is this true, do apprenctices get paid more than 50k?) and will also work towards my certificate. + +Also my situation is that from the $1920 fortnightly net payment I get, I give $1000 to my mum, she saves this for potential renovations or whatever, invest atleast $500 and th rest goes towards internet plan for my whole family, 5 people and then other expenses. + +So I guess should I continue with the teaching or do this? I mean my current situation isn't bad at all and I am thankful for it. But yeah would It be wise to go for a career in trades and give up my current situation for it. +This would undoubtedly tank the price. + +From my 10 seconds of reading on what a 10-5b1 is, I don't understand it. But from what I gather, the CEO would just need to show his genitals within 48 hours to stay compliant. This is probably wrong. + +If the CEO did shows his balls, would it just be considered indecent exposure (I assume the FCC would be the ones to prosecute) or would the SEC have to actively ignore it because it's considered "insider trading"? + +If it is considered insider trading, what would the CEO have to do to legally orchestrate this "flash" crash? + +Is it Monday yet? +Source: https://www.reuters.com/article/us-saudi-aramco-ipo-exclusive/exclusive-aramco-listing-plan-halted-oil-giant-disbands-advisors-sources-idUSKCN1L71TZ + +No commentary on why yet, there's been a lot of speculation that $2 Trillion was too steep a valuation. + +Edit: Saudi Arabia has responded to reports and denies that it's scraping the IPO +Source: https://www.cnbc.com/2018/08/23/saudi-aramco-ipo-riyadh-denies-its-scrapping-plans-for-listing.html +Im sure people who are following 88 Energy EEENF are aware, however, I want to keep this info in the spotlight. This could be very prosperous. [https://www.energynewsbulletin.net/exploration/news/1407332/88-energy-hits-oil-on-north-slope](https://www.energynewsbulletin.net/exploration/news/1407332/88-energy-hits-oil-on-north-slope) + +"Oil shows were recorded over multiple intervals in the Nanushuk formation - across all primary targets. One prospect also showed "substantially elevated" gas peaks. " + +"88E will now run wireline logs over the coming days to determine whether the find is a commercial discovery of oil and whether resources are mobile. " + +"Whilst there is still work to do to confirm a discovery, the results to date are encouraging and we look forward to providing an additional update on the wireline program in seven to 10 days," Wall said.  +1) US stocks = good, international = bad or no point + +2) Its always Buy!Buy!Buy!, regardless what conditions + +3) Anything non equity = bad.. such as commods + +For sure getting downvoted, but yea groupthink and tunnel vision seems pretty strong in here.. +*As a background* - I work for a small business company that dabbles in Real Estate. I'm part of the 2 man administrative staff where we perform common administrative issues such as: answers phones, file reports, speak with multiple cities about building plans, etc. +**NOTE: We both get paid through our bosses personal check not by an outside party. We are technically self employed.** + +I started around March 2014 at a pay of $10/hour and everything was fine in the beginning. I would come into the office, do my job, and leave. I set up my own paying period of every 2 weeks and handed in my invoice to my boss at the end of the period. I would mostly always get my check the next time I saw her. + +Lately, however, she has taken weeks to pay me a single check. This first started happening before summer. For example, one invoice that I gave her in May, I did not receive one cent until late June... At first I thought it was just me but no, this was happening to the other admin. staff worker as well. Not only that... She was delaying payments to ALL the **appraisers!** (imagine going to college for that shit to only be getting paid every other month?!) + +I thought long and hard as to why she would take so long. I found out later she once didn't pay an admin. assistant for 8 months straight... I also came up with an alternative assumption. During the summer, the other staff worker and I made little mistakes (typos) and she lashed out on us creating a **heavy** tension as if she is growing mad and tired of us. If this was the case - what can I do then as well if she is delaying out of anger? + +I'm a college student and I have bills to pay; especially now that school started (damn tuition). And I need my money. I feel like this is illegal in a way. + +I have started to look for other places and I just got an interview but, what if I leave or she fires me out of anger and does not pay me my remaining invoices? + +Edit: As of today I have 3 checks she has not paid me, and I am currently working towards my 4th. She constantly ignores my requests to get paid. + +Edit 2: Thank you so much to everybody, honestly I wish I could give you all gold. You truly did help me out a lot and I especially want to thank those who helped teach me the difference between an independent contractor and a self-employed employee. +A book is being published in the middle of the story. Tries to dictate it’s already over. We should boycott / ignore + +A non-ape author is publishing a book on the GME saga. I feel it’s completely the wrong time to publish a book as we’re not even at the end of the story. + +As a pre-superstonk ape, it just feels like this guy is trying to cash in on a story (already optioned by MGM for a movie) to create the facade as if we won already. + +The truth is this story isn’t over. It may be far from over (though latest DD shows we’re closer than ever). + +I think we should all boycott and disavow any book or story until post-MOASS. +Tinfoil hats on everyone. + +First let’s look again at the timestamp of the NFT’s launch: + +[screenshot of the epoch converter of the date found in the NFT contract](https://preview.redd.it/bigfpuelhn871.png?width=682&format=png&auto=webp&s=4df9e66bce25a3a0135f63f741cf23005c3c32e7) + +Then, let’s look at the wiki page of bastille day (in french): [link](https://fr.wikipedia.org/wiki/Prise_de_la_Bastille) + +[image of wiki page of bastille day](https://preview.redd.it/2t52hjjphn871.png?width=975&format=png&auto=webp&s=8eacee869ec429c6590ec21860a9d74226383d2a) + +This isn’t translated so I’ll do my best (french ape here): + +Bastille siege: + +10h30: + +A delegation of the assembly of electors of Paris go to the Bastille. Members of the permanent comity don’t intend to take the building by force but wish to open way for negotiations. Urged by the crowd of rioters, \[...\], the electors send a delegation to the governor of the Bastille: Bernard-René Jordan de Launay. The governor sealed the windows, elevated the walls placed canons on the towers and behind the drawbridge. The delegation had for mission to ask for the retreat of the canons and the distribution of gunpowder and bullets to the Parisians who formed the “bourgeois militia”. Indeed, over the portal of the Bastille, was an arsenal, a shop for weapons and gunpowder. As a security measure, de Launay (the governor the Bastille) made them move the previous night towards an inner courtyard. This delegation was received with friendliness, it is even invited for breakfast, but leaves without winning the case. However, the crowd gets impatient and some imagine that the delegation is held prisoner. This misunderstanding exacerbates the tensions. + +11h30: + +A second delegation led by the initiative of Jacques Alexis Thuriot (I’ll refer to him as Jacques T. From now on), accompanied by Louis Éthis de Corny, attorney of the city, head to the fort of the Bastille. Jacques T., who wishes to avoid a fight, quickly walks past the Invalides (building to hold the handicapped of the army), inspects the area and demands warranties. The governor agrees to not take the initiative of shooting. The crowd of rioters armed with guns taken at the Invalides assemble in front of the Bastille. The crowd brings with them five canons taken the previous day at the Invalides and the Garde-Meubles \[...\]. They are served by soldiers rallied to the crowd and shoot on the doors of the fortress. + +An explosion, interpreted by the rioters as canon shots ordered by the governor, leads to the first assaults. Rioters penetrate in the building by the roof of and attack the drawbridge with axes. + +&#x200B; + +&#x200B; + +What is the launch time of the NFT again? 11:20. + +What’s happening at 11:20? + +The rioters are getting impatient. They think the delegation is being held prisoner. + +11:30 is when shit goes down, Jacques T. says hold on a second, something’s wrong, let’s investigate. + +Jacques T. is merely going in to investigate. Then the rioters barge in and the rest in history. + +Somebody at the NFT team didn’t sleep in history class. + +I find it fucking hilarious that the guy’s name is literally Jacques T, we live in a simulation. + +&#x200B; + +TL;DR: 11:20 is 10 minutes before the rioters launched assault on the Bastille. + + +EDIT: formatting +This is brushing up against politics a bit, so we'll see if it survives mod attention. + +With two recent high profile incidents of hedge funds becoming irresponsibly overleveraged in the market (Melvin Capital and Archegos) and causing market wide effects, it seems worth exploring the national security implications of continued poor oversight of institutional leverage in equities markets, and the potential economic effects. + +With numerous countries with adversarial relationships to the US and NATO powers having a much more managed approach to their citizens business ventures and economic output, it is not far fetched to consider that overleveraging can become a tactic of economic warfare, and a way of winning or setting advantageous conditions for wars without firing a shot. + +China is the classic and most probable candidate for this, so we'll start with them as an example. Consider their practice of internment and reeducation for Chinese leaders of businesses who become problematic for the state, such as Jack Ma with Alibaba. Consider also their fairly commonly known practice of leveraging western students and workers of Chinese descent in order to commit industrial espionage. From these two points, we can consider a hypothetical scenario where the CCP could engineer a domino crash through planned use of leveraging and defaults, either through a single action (apply pressure to an economic agent to both become overleveraged and then insolvent) or multistep (apply pressure to one or several agents to become over-leveraged, and then act seperately to cause a disruption in that area and subsequent defaults). + +The utility of this sort of attack is twofold. It can be used to provide a distraction on demand, where unwanted attention on international affairs could be diverted by engineering a domestic economic crisis, compounded with social media campaigns. It could also be used as a prelude to military action, in order to attack a country's defense contracting and solvency for defense spending indirectly, while at the same time sowing internal strife to reduce the capability for a decisive and coherent response to provocation. + +This type of attack would be difficult to predict and mitigate the effects of as either a retail or institutional investor, as it could be triggered with little to no warning from traditional indicators. Hedging against it would be tricky as well, but would most likely be found with plays on defense contractors such as $OSK, $BA, $LMT, ect. if the situation escalated to armed conflict. In this case, the saying "an ounce of prevention is worth a pound of cure" holds very true, as the best course of action would be addressing the use of leverage by institutional investors before a state actor uses it as an instrument of war. + +TLDR; Institutional leverage can and will be exploited at some point as a form of economic warfare by state actors, causing pre-planned recessions or economic crashes. + +Edit: I'm for $GME going up and did well myself off of it, but everyone commenting "GME hodl" on every single post, no matter how unrelated, you are ruining this sub and helping to reduce the same kind of content that led to the sub discovering and getting on board with $GME to begin with. Dont kill the golden goose over one fucking egg. +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. +Their stock is at $90 currently. If oil's going to rise back up in price at some point in the future, surely it will be the Sec. of State's business that prospers most in the boom. +Given this is an investing forum with 1.2m members, I figure we should have a discussion on the drop today. I would like to hear from the community about their thoughts. Here are some questions to get started: + +1. Q3 GDP numbers are out tomorrow. Does this coincide with that? Is the drop related to the predicted GDP performance? +2. Some articles tie this to rising case numbers, but they have been rising for weeks now. What has changed today? +3. Bonds stayed put or slightly increased, while gold dropped a point and half. So are people selling and moving into bonds? +A lot of people are probably new or didn't frequent this sub much in the past but for our core group of regulars it's no secret that the quality of posts and comments has degraded significantly recently. Some of this is just normal growth, some of this is drama in WSB spilling over to this sub and increasing the amount of adolescents we have here, and a lot of it is very new posters coming here given recent economic events. + +So here's the chart of monthly uniques and pageviews https://imgur.com/qQPk60F + +The mod team is removing a ton of comments and threads but some of this just seeps through. A year or two ago this sub basically moderated itself, we'd remove a few advice posts a day, maybe ban a spammer, and maybe once a week give someone a timeout for conduct. We now ban dozens of people daily for personal attacks and political nonsense, so we're actively trying to remove this element from the sub but I figured everyone would be interested to see just how much volume has jumped recently. + +Anyway that's it, just wanted to share. +It started with the NFT achievement reward for being the first 5,000 to activate a GameStop wallet and make a transaction on the NFT marketplace. + +GameStop is now offering an NFT if you spend $200 online and verify your wallet address with your PowerUp Pro membership. + +https://preview.redd.it/i1yrh0ghfcz91.png?width=680&format=png&auto=webp&s=a594a5e574bab091e7ec76b084ef131a9a469d50 + +I am going to map out a foolproof way to showcase how GameStop can easily increase revenue/profit while simultaneously rewarding its loyal fanbase. + +The steps: + +1. GameStop keeps rewarding different achievement NFTs for different tasks. +2. Once ten achievements have been made possible, Gamestop does a surprise airdrop giving a special NFT for those owning 10%, 20%, 30%,...100%. If you own 100% of the achievements, you would receive 10 different airdrops. +3. Gamestop continues the achievements. Buy $50 Funko Pops, Buy a console, Spend $250 this week in the NFT marketplace, Preorder the new Madden, etc. +4. And when 20 achievements are possible, release 10 more NFTs with the same percentages. +5. The company never announces that these airdrops are guaranteed so imagine the surprise to everyone when another 10 airdrops happen after 25 achievements are possible. +6. At this point, the entire NFT world is completing challenges to get the next NFT to stay in the 100% club. + +Welcome to GameStop's Money Printer. Each of these free NFTs will generate royalties upon sales that go back to GameStop. The promotions themselves will generate massive sales for GameStop. + +GameStop possesses something money can't buy. And that's customer loyalty. + +Ask not what the Company can do for you, Ask what you can do for the company. It starts now everyone. Spend the $200 online before 11/13 and link your wallet. +**Next week Catalyst:** +All of shareholders awaiting on some news on KTOV on NT-219….by end of Q2 which is Monday or Tuesday. Now, given the major press releases by the company in the past couple months, I have no doubt something is coming. + +&nbsp; + +Also, on their website and investor presentations, a timeline was released. Notable pages include 23 and 30 +http://kitovpharma.investorroom.com/presentations +https://kitovpharma.com/pipeline/overview/ +&nbsp; + +Merck’s drug is Keytruda is not as effective without KTOV’s NT-219 drug. KTOV’s latest tweet hashtags #keydura. Merck’s latest tweet includes “Head and Neck Cancer Update” which is exactly what NT-219 does! Coincidences here…? + +“While no response was observed with Keytruda® alone or with NT-219 alone, and the tumors aggressively progressed, mice treated concomitantly with a combination of Keytruda® and NT-219 demonstrated complete blockage of tumor progression.” +https://twitter.com/Kitov_Pharma +https://twitter.com/Merck + +&nbsp; + +In my opinion, we will hear SOMETHING, whether collaboration or not, given a reputable company knows the impact to shareholder value if timelines are not met. If the announcement is not made, KTOV still has HUGE potential with all of their products and most recent PR’s + +&nbsp; + +**KTOV's key products:** +*NT-219* – first-in-class, small molecule dual-inhibitor of two key cancer resistance pathways – STAT3 and IRS1/2. [PARTNERSHIP AWAITING ANNOUNCEMENT BY Q2’20 (June 30). SPECULATION is MERCK or LILLY] + +*CM-24* – clinical-stage monoclonal antibody blocking CEACAM1, a novel immune checkpoint expressed in multiple tumor types that supports tumor evasion and survival through multiple pathways. [PARTNER HAS BEEN ALREADY ANNOUNCED - BRISTOL MYERS, “old news”] + +*Consensi™* – fixed-dose combination of celecoxib and amlodipine besylate for the simultaneous treatment of osteoarthritis pain and hypertension. [LAUNCHED IN Q1’20, BUT UPCOMING ER WILL INCLUDE $ FROM THIS PRODUCT. HUGE POTENTIAL and targets over 50M adults alone. This retails for $1,000+ at Costco, Walmart, and other pharmacies. “old news”] + +&nbsp; + +**Institutional Investors: 6% of outstanding shares:** + +Morgan Stanley, UBS, Hudson Bay Capital Management, and more. +Now….here’s the kicker. Look at the stats of holders who are ‘new positions or increased’ vs ‘sold out positions’. Why would these huge companies continue to stay in this position if they did not see the potential here of this company? + +&nbsp; + +**Timeline of events:** +There were multiple public offerings that took place to fund their research that I won’t call out specifically. Do your research. If you are a chart person, KTOV has been creating daily cup and handles within cups and handles, all signifying a bullish run and upside. + +**Jun 26** - Red market. While the market was bloody on Friday, KTOV has maintained it's level of supports >$1 (2nd day of NASDAQ compliance) + +**Jun 25** - Bullish run and volume coming in, new 52 week high, direct offering CLOSED. KTOV maintains support at $1 (1st day of NASDAQ compliance). Huge shorts in play on this day… currently ~15%. All things considered, support levels are good + +**Jun 23** - Leading up to this day, there was a bullish run and HUGE volume. Then things got weird and a direct offering hit and the share price went down due to panic sellers and stop loss triggers. Think about it…this is not as impactful as a public offering which creates dilution of shares. It is DIRECT public offering of $35m at $0.90 with NO new shares created. Here’s the kicker, this was closed on Monday where $KTOV’s price was at $0.77. Why would a huge company take this big of a leap of faith on a price that is higher than the current share price / give away money unless there’s something we don’t know about and something big is happening with $KTOV… Huge short interest here + +**May 22** - KTOV gets FDA clearance to conduct clinical study of NT-219 + +**May 19** - KTOV presents preclinical data on NT-219 +https://www.cnn.com/business/newsfeeds/globenewswire/7922882.html + +**May 14** - KTOV presents Phase 1 data on CM-24 +https://apnews.com/821c2fa1215d6f3c8766b9ddbf9d8389 + +**Mar 12** - KTOV provides update of US Launch of Consensi (launching May 2020) and 3 year revenue forecasts. Kitov is eligible to receive up to $99.5 million in milestone, reimbursement payments, and royalties. The Company expects to receive aggregate milestone and royalty revenues of between $28 million and $36 million from 2020 through 2022. + +&nbsp; + +**Other:** + +1 - Merck recently filed a 8-k quietly, which the alternative here is that Merck buy NT-219 outright. Low possibility given the timeline of KTOV, BUT something to consider here + +2 - Surface Oncology ($SURF) - Recently announced a collaboration with Merck on May 20. Price hovered around $2.3 and jumped to a high of $7.66 at this time. That’s over 100% on this collaboration news alone with Merck. + +3- KTOV has healthy balance sheet, and $19M cash as of Jan 2020 and now likely more due to the offerings. EXPECTED revenues from Consensi alone is $>28-$36M in 2020-2022. + +4- KTOV's Chief Medical Officer, Bertrand Liang signed a $52M partnership deal with Merck while he was CEO of Pfenex. A FEW days before the partnership PR, a $24m was raised to start the study…. Coincidence? +https://www.fiercebiotech.com/biotech/pfenex-grants-exclusive-license-to-merck-co-inc-for-production-of-proteins-for-undisclosed + +5- KTOV’s CEO’s recent followings include PR associates at JV Public Relations NY + +6- This company’s all time high was $6.56 back in 2016, 3.81 in 2017 and recently created a 52-week high at $1.40. IMO- the range and upside here is high and a target of $2-$5 is not unreasonable. + +7- Notable big boys in KTOV on discord, stock twits, twitter, and other sites. + +&nbsp; + +**Closing:** + +Now, if you don’t believe the DD here, go do your own damn DD. I am bullish on KTOV but this is just my opinion. Sorry for the spacing, I suck at formatting +I've heard stories about people who got a raise only to find out that they were bringing home less money because of "taxes" on the additional income, and I've always been suspicious. It just didn't sound right. So I've done calculations to satisfy myself that, in fact, it can't happen as regards US federal income tax. + +My calculations and conclusions do not take any of the following into account: + +* state and local taxes +* payroll taxes of other kinds +* changes in other payroll deductions +* company policies + +I suppose one could lose income on a raise if some tax took a single percentage of all income, with the percentage set in income brackets; then if the raise put one over a threshold to a higher rate, the tax could increase such that the new total tax would be higher than the difference between the old salary and the new one. It would likely involve a small raise, the crossing of a threshold, and a big percentage increase due to crossing the threshold. But US Federal Taxes don't work like that. + +Marginal tax rate system + +The US Federal Income tax is a marginal one; I will explain that in a short way here, There are other explanations that are more extensive and possibly better elsewhere. + +The government sets 'tax brackets', the ones I have for the last tax year (2017) are: + + Income + from to tax + 0 - 9500 10% + 9500 - 38750 12% + 38750 - 82500 22% + 157500 - 200000 24% + 200000 - 500000 32% + 500000 - 37% + +The "marginal" part means we pay 10% of our income up to $9500; for income between 9500 and 38750 we pay 12%, and so forth. + +So for an (adjusted) income of $50k, raw tax liability would be + + $ 950 (10% of the first 9500) + $ 3510 (12% of the 29250 between 9500 and 38750) + $ 2700 (22% of the 11250 between 38750 and 50000) + ------ + $ 7160 total + +So this is an effective tax rate of 7160/50000 = 14%. + +So if someone gets a raise to, say, $55,000, they will get $5,000 per year additional income and pay 22% ($1100) on that additional $5,000. Since the tax burden on the existing income does not change, and one always pays (far) less than 100% of the additional money, it is not possible to lose overall income due to Federal Income Tax on the raise. + +I'm also not talking about withholding amounts, which are only vaguely related to the amount of tax that you will pay. I don't know what calculations are made to determine withholding, it might be interesting to see the effect a raise could have on those. + +I read a post fairly recently that said a person's employer stated that giving them a raise would cost them money. I would be interested in the details of any cases where this is true, but I'm convinced it cannot be from Federal Taxes. + +Do people know of other kinds of deductions or payments that can cause one to lose income because of a raise? + + +May be a dumb question as I'm very new to a lot of this stuff, but lately I have been concerned about the thought of buying my first home. Do you guys think the 15-20% minimum deposit will be the norm for the next year or 2 or is it really just due to the uncertainty at the minute and should slowly start to come back to "normal"? I've been saving pretty much flat out for the last 2.5 years hoping I'd have enough for a good deposit and a nest egg to fall back on so seeing this happen has been really disheartening. + +For reference I'm 25yo, salary is 25k with ~£27k in savings. Even worse is I've not long spent £12k on a car and I'm starting to wonder if I may end up regretting that decision further on if I end up needing that extra cash. + +Am I overthinking all of this or is this a real cause for concern? + +EDIT: Thanks everyone for all the helpful responses and advice! +How dare you lie to them where your money is coming from! + +Many major banks banned Crypto transactions. + +###"We just want to protect you" + +For decades, banks never once gave a shit if you sold off your families home to fomo into March Madness. + +They never had a problem with you swiping your card for $100K in chips at a casino, lose, then jump off the casino roof.... On Christmas. + +They never protected you because it's your choice what to do with your money. That's what it comes down to. + +They are lying to everyone when they say, "*they are blocking crypto because they are protecting you*" + +That s a load of garbage. They are protecting themselves. They hate independence, because they want control. + +Note: these Banks also have no problem laundering money from a illegal offshore gambling tycoons, and drug cartels +The NZ market is several months ahead of us in terms of cash rate movements, and seems to be falling faster than our market. However, it is worth noting that there are other factors in NZ, including removal of negative gearing and worse inflation. + +I saw this [particularly grim post](https://www.reddit.com/r/PersonalFinanceNZ/comments/xuvnfu/is_it_possible_to_get_a_smaller_house_with/) on /r/PersonalFinanceNZ - this person is 20% down and needs to but can't sell, it'll be interesting to see whether we will have similar situations here, albeit to a lesser extent. + +Thoughts on whether and to what extent we can draw comparisons between NZ and Australia? +(Hope this is the write community to post this in) + +&#x200B; + +https://preview.redd.it/hfs3vgrd1c371.jpg?width=720&format=pjpg&auto=webp&s=81e0d82d4a95f6b21108a107aeab83937bb3b671 + +Depending on what area of Australia you are in, the fuel price trend may be different. For example, Perth has a weekly cycle, and the Gold Coast/Brisbane area is a monthly cycle. Graphs can be found here - [https://www.accc.gov.au/consumers/petrol-diesel-lpg/petrol-price-cycles](https://www.accc.gov.au/consumers/petrol-diesel-lpg/petrol-price-cycles) + +I have been using the 7/11 app that allows you to lock in a price in time(which also find the best fuel price from all the surrounding 7/11s/Mobile stations. The price is then locked in for 7 days, so you have a 7 day window to still get fuel on the lower price. This is to say if you schedule it right. + +I fill up my car roughly 3 times a month, and I manage to save around $30 a month by using the lock-in feature for the occasions when I have to fill up when the price is high. + +This "tip" might be useful if you are in an area where the cycle will allow for efficient use of the app. + +&#x200B; +EDIT: I should have probably been more specific. I was thinking along the lines of who is going to survive as things continue to get worse - like in a total lockdown scenario. + +All things will slow down dramatically including public services. Sure your industry might survive, but do you think your particular job within that business will if everything just... stops? Medical workers are the obviously immune to this (and thank you for the work you're doing and will do throughout this). +edit: Aug 13th + +# Huge purchases of insiders in July and Aug before DD results !!! + +&#x200B; + +[Top management holdings](https://preview.redd.it/rpenbiagl6h71.png?width=1008&format=png&auto=webp&s=2801686a5b7c2f55ffe79fc4cdf09ebea7e2a77a) + +180 Life Sciences is developing new treatments for one of the world's biggest drivers of disease: **inflammation** + +· Stock symbol #ATNF +· All insiders fully invested ( the last was today) +· 50%+ Ownership by Management and Insiders +· Best risk/reward biotech plays +· The top selling drug class in the world (Remicade, Embrel, Humira,etc) +· Under the radar +· Less than 1 year public +· Market cap under 250M +· Stellar management team +· [Strong IP portfolio with a long lifespan, providing coverage up to 2039](https://180lifesciences.com/wp-content/uploads/2021/05/2021.05.04_180LS-IP-Pres.pdf) +· Blockbuster pipeline +· Multibagger stock +· Low float +· Very undervalued +· Great short/long term investment +· Possible short squeeze candidate +· Largest shareholders include Ionic Capital Management LLC, Vanguard Group Inc, Cnh Partners Llc, ADANX - AQR Diversified Arbitrage Fund Class N, Goldman Sachs Group Inc, Susquehanna International Group, Llp, Boothbay Fund Management, Llc, BlueCrest Capital Management Ltd, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, and BlackRock Inc.. + +|Q3/4|Results of Early stage Dupuytren’s disease Phase 2b/3 Clinical Trial ( it is possible that the results will be presented at the BSSH conference in September)| +|:-|:-| +|Sept 9|[Professor Jagdeep Nanchahal, has Been Invited To Present a Keynote Talk at the British Society for Surgery of the Hand (BSSH) at the Autumn Scientific Meeting in Oxford UK](https://ir.180lifesciences.com/news-events/press-releases/detail/41/chairman-of-the-180-life-sciences-clinical-advisory-board)| +|Aug 10|[ATNF participation at BTIG Virtual Biotechnology Conference Fireside Chat](https://ir.180lifesciences.com/news-events/press-releases/detail/40/180-life-sciences-to-participate-in-fireside-chat-at-btig)| +|Jul 28|ATNF [Announces Selection of Lead Synthetic CBD Analogue](https://ir.180lifesciences.com/news-events/press-releases/detail/39/180-life-sciences-announces-selection-of-lead-synthetic-cbd)| +|Jul 20|ATNF Regains fully Nasdaq Compliance| +|Jul 07|[ATNF Expands Scientific Fibrosis Platform with Collagen VI as a Driver and Disease Biomarker in Human Fibrosis Published in the FEBS Journal](https://ir.180lifesciences.com/news-events/press-releases/detail/36/180-life-sciences-expands-scientific-fibrosis-platform-with)| +|June 28|[ATNF Joins Russell Microcap® Index](https://ir.180lifesciences.com/news-events/press-releases/detail/35/180-life-sciences-joins-russell-microcap-index)| +|Apr 14|[Lynn Williams, Ph.D., has been awarded the International Dupuytren Award 2021 for Basic Research](https://ir.180lifesciences.com/news-events/press-releases/detail/27/180-life-sciences-corp-congratulates-dr-lynn-williams-on)| + +$ATNF is an excellent investment. The founders pioneered blockbuster anti-inflammatory drugs Remicade and Humira. Primary Active ingredient for Dupuytren’s Contracture is same drug already approved for another indication— Rheumatoid Arthritis the single largest market in pharmaceuticals. Read that last sentence again the founders discovered the biology behind anti TNF and are world famous academics including a winner of The Lasker Prize. Because the research was done on this P2B/ P3 on diseased human Dupuytren’s tissue the move straight to FDA drug submission upon proof of concept. Other indications being targeted in future in order are Frozen shoulder, POST Operative Cognitive Decline, NonAlcoholic Steatohepatitis (Fatty Liver Disease) and Ulcerative Colitis brought on by smoking cessation. Another pathway being targeted is pain and inflammation using SCA’s— synthetic cannabinol diet analogues. You see a founder is the Israeli scientist who first isolated THC and discovered the human endocannabinoid system. Known as godfather of cannabis. Some of you apes might be familiar with the stuff. But it’s synthetic and pure now think about pairing pain relief for musculoskeletal pain with the anti TNF meds proven effective on rheumatoid arthritis and consider that market. Get the picture. Now the CEO has a history of allowing data on patented medication to be released in academic setting. By the way current patents are worth more than stock price. So the catalyst of a keynote address at Oxford to the royal society of hand surgeons is the very stage for release if data. Oxford is also home to founder Sir Ralph Winner of Lasker prize. So do you think Anyone at FDA is denying a NDA for a medication already wildly successful for new indications for which there are no treatments. I don’t think so. It’s like telling Einstein E=MC squared is wrong. There is no one at FDA who can challenge the science. + +Scientific team and founders are pioneers with proven track record in drug discovery from the University of Oxford, Hebrew University and Stanford University. + +[Stellar team](https://preview.redd.it/tkxat6k8orf71.png?width=605&format=png&auto=webp&s=4e64fa6971fb479a1c40586d64641f6785d544ba) + +[Blockbuster pipeline](https://preview.redd.it/q45rtttborf71.png?width=605&format=png&auto=webp&s=91c083c5f49998cc05c39ba6e2f7bd8a0ed683c6) + +[Market size](https://preview.redd.it/lmwoodckorf71.png?width=605&format=png&auto=webp&s=e1cc8309f230736336ac94854e7dfde912177cff) + +[ ](https://preview.redd.it/wpv4clsmorf71.png?width=604&format=png&auto=webp&s=319ad878d0957acdbb61e30e4c8d40370e7c3448) + +# Fibrosis and Anti-TNF + +The fibrosis and anti-TNF program is based at the Kennedy Institute, at the University of Oxford in the UK.The team is led by Professor Jagdeep Nanchahal, a surgeon-scientist who has been running the phase 2b/3 trials, and Professor Sir Marc Feldmann, a renowned immunologist and one of the pioneers of anti-TNF therapy. Feldmann was instrumental in developing infliximab (Remicade) as a treatment for rheumatoid arthritis, now one of the best-selling drugs in the world and the main driver behind Johnson & Johnson’s $4.9 billion acquisition of Centocor in 1998.**TARGETED DISEASES**• Early stage Dupuytren’s disease (DD)• Frozen Shoulder• Post Operative Delirium/Cognitive Deficit (POCD) FURTHER OUT• Non-Alcoholic Steatohepatitis (NASH) + +# Synthetic CBD Analogs (SCAs) + +180 Life Sciences aims to develop SCAs that are safe, non-psychoactive and formulated to improve efficacy and bioavailability – a real alternative to unregulated cannabidiol (CBD).This program is led by Professor Raphael Mechoulam, who discovered tetrahydrocannabinol (THC), the psychoactive component in cannabis, and the endocannabinoid system.Typical botanical derived CBD contains impurities such as THC (the psychoactive compound within cannabis) and other minor cannabinoids. By developing SCAs, 180 Life Sciences will create a pure compound (>99.5%) which offers accurate consistency across batches. Combined with novel formulations through use of patented ProNanoLipospheres (PNL), 180LS will deliver a superior CBD analogue that offers improved efficacy and bioavailability.These conditions create greater likelihood for obtaining regulatory approval.**TARGETED DISEASES**• Arthritis• Pain/Inflammation + +# α7nAChR + +Nicotine binds α7nAChR and is a known immune suppressive. A subgroup of patients who cease smoking go on to acquire ulcerative colitis. 180 Life Sciences believes that α7nAChR agonist treatment provides a solution: without the addictive qualities of smoking, an α7-based drug will reduce ulcerative colitis in ex-smokers.Led by Professor Lawrence Steinman and Dr Jonathan Rothbard, who have been working on this project for more than a decade, 180 Life Sciences is developing a treatment for ulcerative colitis in ex-smokers. α7nAChR holds advantages over existing treatments:Fewer opportunistic infectionsReduced risk of kidney damageHigher anticipated success rate**TARGETED DISEASES**• Smoking cessation induced Ulcerative Colitis (UC) initially• Other inflammatory indications will be targeted after results in UC + +# Last insider purchase Aug 6: + +[Latest director's purchase](https://preview.redd.it/v7nmor86vsf71.png?width=1264&format=png&auto=webp&s=4c223306cbcac48f87b6fd164e4406fd1f948e89) + +[180 Life Sciences Corp. CEO James Woody, MD, PhD Issues Letter to Stockholders](https://ir.180lifesciences.com/news-events/press-releases/detail/24/180-life-sciences-corp-ceo-james-woody-md-phd-issues) + +[ Part of the Woody's letter to stockholders](https://preview.redd.it/xzhvq4gbn6h71.png?width=826&format=png&auto=webp&s=71e465ea3b55bd40609cf16f36975f45759581eb) + +&#x200B; + +[Top 10 shareholders](https://preview.redd.it/n71evjywl6h71.png?width=320&format=png&auto=webp&s=8740e93dc9e9b791cc9f99dc070e8bd3799cff63) + +**More information** + +company website: [https://180lifesciences.com](https://180lifesciences.com/) +lots of information: [ATNF 180 Life Sciences Corp — Stock Price and Discussion | Stocktwits](https://stocktwits.com/symbol/ATNF) +youtube: [This LEGENDARY biotech stock is 22x UNDERVALUED - YouTube](https://www.youtube.com/watch?v=bAdU62yCuBY) +I've read the sidebar and tried reading into S&S ISA but I'm getting a bit confused and thought it might be easier to ask for help (sorry). + +I want to invest £50 every month from my salary into the stock market. I don't have any debts at the moment and have just over £10k in a cash ISA and help to buy ISA which I've had open for a couple of years now. No debts and I'm making enough to save a little every month even after this £50 is taken out. + +I want to have the option to choose how I invest the £50 each month. It may be in a specific stock or it may be in a managed portfolio. In all likelihood I will probably bounce between the two each month as I'm not too concerned about the risks of individual stocks but won't want to put all my money in a few baskets. I don't plan on withdrawing the money in the near future at all unless there's an emergency. + +Please can someone explain to me what the best options are? Am I eligible for a S&S ISA, and if so is there a recommended platform which will let me choose my stocks in the way I am describing? + +Many thanks and sorry if this is a repetitive question, as I said I did try this on my own but I'm not confident that I understand it enough. +Crosspost from r/leanfire + +I'll try to word this better because I do not want to come off as judgemental about hobbies :) + +How much "real/true" free time do you have after your 9-5? Yes, you could technically take 24 hours, minus your work+commute+chore time and get it. But I mean time for "active" hobbies/socializing rather than just vegging out watching TV/browsing reddit (passive hobbies). + +When I worked in finance (3 hour commute, it was awful), I"d get home and be too tired to do anything. My friend, who is a programmer (and loves his job) goes to the gym everyday and spends maybe half an hour on his hobby coding projects. But thats it. + +I'm taken a sabbatical and having 12+ hours a day to spend on hobbies is glorious :) +I have been watching banks very closely over the last 6 months and have been relatively disappointed till recently with JPM. + +[Looking at the 1 year chart](https://i.imgur.com/ly8aSjM.png), it looks like it's about to explode back to its previous mean around 155, and I am looking to profit from it. + +Banks have historically low P/E and during times of increase rates (rates have been artificially low for the last decade) they should be money making machines. + +Assuming JPM goes up 10 or 20, would the best strategy be something way OTM like Jun 17 150 C, or should I do ITM for safety reasons? + +150c is only 0.05 right now, which seems so low risk what's the harm vs a sizable investment ITM in a volatile market. +We're considering using one of a few available MFOs, but aren't sure if the fees (0.5-0.8 %) are worth it in comparison to traditional wealth management or just using a diversified ETF. + + +Did anyone make good/bad experiences? + + + +Are the additional benefits like structuring, managing different managers, general education etc. worth it? Or is it better to outsource those/do it yourself? + + + + +Background: Mid 8 figures (€), limited financial knowledge/experience, not interested in doing money management full time +We're considering using one of a few available MFOs, but aren't sure if the fees (0.5-0.8 %) are worth it in comparison to traditional wealth management or just using a diversified ETF. + + +Did anyone make good/bad experiences? + + + +Are the additional benefits like structuring, managing different managers, general education etc. worth it? Or is it better to outsource those/do it yourself? + + + + +Background: Mid 8 figures (€), limited financial knowledge/experience, not interested in doing money management full time +Alright, let’s lightly apply some tinfoil and speculate on why, out of no where, Ryan Cohen invested into BBBY. + +Where to start!? How about with a strong THIS IS SPECULATION and a short TLDR? + +### TLDR: RC invested in BBBY because that is an indirect GameStop moon ticket. He can’t invest in GME because it would be consider illegal insider trading IF (big fucking IF here boys) he knew that the company was going to do a spin-off. The letter to the board was RC speaking to GME investors about his plan, not just the BBBY board. RC is going to launch the rocket and not sell a single share of GameStop during the trip to the moon. +_____________________________________ + +#RC’s Letter to the Board + +Ok! So let’s start applying our tinfoil with RC’s letter to the BBBY board. I think we can all agree that we were caught off guard here. Most of us understand why he would target Bed, Bath and Beyond (arrrr, are those shorts you are wearing!?). What didn’t make sense to me is the timing of it and how aggressive he was to make headlines. He forced the narrative. The letter was released before any one of us could have predicted he would buy into BBBY. In fact, it was so out of the blue that GME related subs went down every rabbit hole possible to prove it wrong. + +Anyways. In the letter to the board of BBBY, RC outlines some steps the board should take to help unlock share holder value and turn the company around. I thought this was interesting since we are waiting on RC to do the same with GameStop. I am not complaining, but like, why bother with this other company and fire up your followers? + +Well, I suspect that letter was actually to GameStop Share holders and RC doesn’t really care that much about BBBY. Why else would he feel the need to put the following in the letter? “Given that I am the Chairman of GameStop and overseeing a systematic transformation, I am not in a position to join Bed Bath’s Board and personally drive the initiatives outlined in this letter”. ( https://s.wsj.net/public/resources/documents/bbbletter030622.pdf ). + +That’s RC calming the nerves of all the investors he just shocked. Reassuring his rabid followers that he is focused on GameStop. Yet, here is a detailed plan he has been drafting up for BBBY…or is it just his recycled GME plan? + +In the letter, RC suggests either the selling or spin-off of Buy Buy Baby because it is worth more on its own. RC also wrote “Spinning off shares of BABY would be an even more efficient way to transfer value to shareholders”. + +A spin off sounds pretty dope for share holders. So let’s pivot back to GME and apply some more tinfoil. +_____________________________________ + +#Gamestop Entertainment Spin-off. + +As other threads have speculated, a spin off of GameStop Entertainment could be an independent company that focuses on web3. So the NFT market place, game development and anything metaverse. GameStop leadership has been hiring top crypto/NFT talent to head this team. It’s not that far off of an idea at this point. + +Wait! Hol up. Where did GameStop Entertainment come from? Well, let’s take a trip down memory lane. That speculation is based on the IMX partnership and his letter to the board. + +From the 8-K: + “On January 28, 2022 (“Transaction Date”), GME Entertainment, LLC (“GME Entertainment”), a subsidiary of GameStop Corp. (together with GME Entertainment and its other subsidiaries, the “Company”) entered into a Protocol Services and License Agreement with Immutable X Pty Limited (“Immutable X”) pursuant to which Immutable X will become a technology partner and platform for the Company’s non-fungible token (“NFT”) marketplace”. ( https://news.gamestop.com/static-files/713417ad-e18f-4f2c-bc1c-312f536d8b36 ) + +Ok, so we have a partnership with GameStop Entertainment/GameStop Corp/ IMX. Let’s spin this shit! + +Assuming they do this, we can look at OpenSea as a comparison for value. Opensea was last valued around $13bn. So lets assume that GameStop Entertainment, with the launch of a NFT market place, will be valued similarly. Could be less but probably still more than GME is valued at today. + +In a spin-off, you can just “give” shares of the new company to existing shareholders. Forcing shorts to cover or suffer. This move could unlock massive value for share holders. + +Think about it, at 13bn, the share price of the new company would be ~$170 with the new valuation of 13bn. This is assuming a 1:1 distribution ratio for GameStop Entertainment shares. So if you own 20 GME shares, you would recieve 20 GameStop Entertainment shares, and only 76,XXX,XXX shares would exist (real ones, that is). Identical to GameStop. + +That’s massive. Not only does it put shorts in a tough spot but it brings INSANE VALUE to share holders. GME is trading at sub $100 while this spin off could put the new shares valued at $170 in each persons account. In the most simplistic view, GameStop should be trading at $270 right now! $100 GME + $170 for Gmerica. Fuck yeah! + +In reality, GME share value will likely continue to decline with a spin off since the new company is taking some of their assets, products, etc with them but the price of the new company almost always adds value long term. I would highly suggest looking into past spin-offs to understand how the price will change. +_____________________________________ + +#Why even involve BBBY? Just launch this ship! + + +Ok, so why invest in BBBY if he can just launch the rocket? + +Because he is a diamond balled, crazy ass motha fucka that would like to eat the meal he prepared for us. + +If there is a spin-off, then RC cannot purchase more GME until that information is available to the public. It would be considered illegal insider trading. + +Instead, RC bought indirect GME moon tickets through BBBY. It’s a heavily shorted stock that is tied to the same short basket GME is in. Same as KOSS, EXPR, Popcorn stock, etc. But, unlike Popcorn, it has a small float and RC could lock up a substantial amount of it. Share price was low and options were cheap. KOSS is also cheap but doesn’t have options so he couldn’t leverage his massive fucking balls. I am guessing the other companies don’t have a viable (or obvious) turn around plan. It would probably be worth looking into why BBBY was the best positioned for this play… + +This is a masterful play. Is it insider trading if he buys shares in a totally different company and hits the launch button? Maybe. If the SEC can prove that these companies are connected through an illegal shorting scheme. The SEC/DOJ would have to prove all of our DD is correct to prove it. Oooooooo fuck ya bud. + +Best part? He can sell BBBY as he pleases. I bet RC isn’t going to sell a single GME share. He set himself up to make insane profit on BBBY when GME squeezes the absolute fuck out of the shorts. +_____________________________________ +#Closing thoughts +My fingers are tired so let’s wrap this up. + +Remember what RC said about GameStops goals during the Annual shareholder meeting? + +Here is a refresher: “We’re trying to do something that nobody in the retail space has ever done but we believe we’re putting the right pieces in place and we have clear goals: delighting customers and driving shareholder value for the longterm”. ( https://gmedd.com/transformation/ryan-cohen-at-agm-we-ushered-in-a-whole-new-era-of-gamestop/ ) + +Something, something share holder value! + +Once more… this is speculation, but it is obvious he feels strongly about unlocking shareholder value. Just seems so weird to dive into BBBY and lay out a plan that could also work for GameStop. + +Obligatory rockets: +🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 + +Edit 1: Formatting +So, I won £50 million the other day - any suggestions on what to do with it? + +I was thinking Premium Bonds or a BTL property or 2, or maybe some cryptocurrency? + +EDIT: Thanks to everyone who helped me, sorry if i couldn't get to all your questions. I was freaking out and turns out that everything my dads doing is good as long as he keeps up with it. y'all have helped me a lot and ill be looking forward to posting again, maybe not first thing in the morning next time ha. This is my first post so if i'm doing something wrong lmk and ill fix it. also prepare before you read bc it's 7am and im on mobile so expect a mess. +So just a background im 20yo and im about to start school, currently living with my mom to save. I've never had a loan or a credit card or anything of that nature. So when i logged into Credit Karma for the first time i didn't expect much. +Turns out i already had an account (my email, SSN, and pw) and a credit card (not mine) that's been set up for a year. +Now a year ago i lived with my dad in an apartment for about 6 months and he'd always say things like "were gonna get a house soon i just have to get my credit right" and i remember him asking me for my SSN and info bc he said "im putting you on my credit that way you can have good credit when you start using it". my parents have been divorced since i was 3 and my dad lived far so i didn't see much of him and i know not to trust him with things like that (his family has a history of scamming) but he seemed to have his shit together so i trusted him. +When i logged on i had a 720 with 86% utilization and shows me the credit card connected to MY ACCOUNT ASSOCIATED WITH MY SSN AND MY CREDIT. +So i guess what i'm trying to say is i know my dad had shit credit before a year ago, and it seemed like a dream come true when he bought his first house, so did my dad use my lack of credit to restart and piggy back off me? or did he use my SSN to. yield credit and buy a house? idk. i don't know how any of this works and im not okay with sharing credit with my dad so please help what do i do? i feel like something sneaky went on + +td;lr i have no credit, logged into CK and found all my dads expenses, wondering if he used my SSN to buy his new house. + +Not bad for being unemployed and almost homeless back in December. + +I moved back in with my parents to avoid being homeless without paying rent, quit smoking weed so I could get a better job, and had to make a pretty big sacrifice by becoming a 3rd shifter. + +But...it's finally seeming worth it. Though I'm not always particularly thrilled about my current living situation and having to sleep during the day, it's a massive relief not living paycheck to paycheck anymore. My bank account is finally over $2.000 ($2,016 to be exact) and I just got on the health insurance plan offered by the company I work for, so if something happens and I get sick or hurt it won't ruin me financially. + +Moral of the story is sometimes you have to make sacrifices to get what you really want, because if you don't then what you really want is what you end up sacrificing. +You bought bitcoin at $50,000? LUCKY they shout. Before our pride gets to us and our ego makes our head so big it can't get through the door, this is a repeat of what happened before. + +The people who bought Amazon in 2000. + +How about the crazy woman who put $5,000 into netflix in the beginning? + +How about that friend who has half his IRA in Tesla? + +That guy who took his sales commissions and kept buying real estate in 2014,2015,2016,2017? + +That family friend who bought gold in the early 70s (no joke my dad's friend did this-he sold and even borrowed to buy as much gold as possible in the early 70s). + +Most of society doesn't want to invest. We could state that most cannot invest due to wages. FAIR point. However, I know tons of people who could invest-they have the disposable income. They don't want to. I repeat -they do NOT want to. They don't want to learn. They want to just roll with it. Maybe they put some money into what their advisor recommends. And why does he recommend it? His boss told him it's a good investment. + +If you are buying bitcoin, unless you are trying to be a quick trader (hint: most traders lose money), you have done something different. Bitcoin is not close to on the radar for most people. You have accepted volatility in exchange for a long term vision. Best of luck!